XML 57 R47.htm IDEA: XBRL DOCUMENT v3.22.2.2
DERIVATIVES AND HEDGING - Primary Risks Managed by Derivatives (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units   $ 39,456
Fair value, assets $ 1,105 1,478
Fair value, liabilities (1,241) (1,368)
Future policy benefits    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net embedded derivative liability position   4,060
Policyholders' account balances    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net embedded derivative liability position   2,041
Other assets    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net embedded derivative liability position   400
Reinsurance recoverables    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net embedded derivative liability position   1,881
Reinsurance Payables    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net embedded derivative liability position   1,881
Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 29,116 38,819
Fair value, assets 1,105 1,449
Fair value, liabilities (1,241) (1,367)
Interest Rate Futures | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units   55
Fair value, assets   0
Fair value, liabilities   0
Interest Rate Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units   10,520
Fair value, assets   339
Fair value, liabilities   (255)
Foreign Currency Forwards | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units   50
Fair value, assets   0
Fair value, liabilities   (1)
Foreign Currency Swaps | Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units   637
Fair value, assets   29
Fair value, liabilities   (1)
Foreign Currency Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units   208
Fair value, assets   10
Fair value, liabilities   (1)
Credit Default Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units   1,746
Fair value, assets   48
Fair value, liabilities   0
Equity Futures | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units   855
Fair value, assets   1
Fair value, liabilities   (1)
Total Return Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units   4,803
Fair value, assets   88
Fair value, liabilities   (81)
Equity Options | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units   20,582
Fair value, assets   963
Fair value, liabilities   $ (1,028)
Retained Business | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 15,792  
Fair value, assets 736  
Fair value, liabilities (547)  
Retained Business | Interest Rate Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 9,761  
Fair value, assets 212  
Fair value, liabilities (546)  
Retained Business | Foreign Currency Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 97  
Fair value, assets 17  
Fair value, liabilities 0  
Retained Business | Credit Default Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 520  
Fair value, assets 1  
Fair value, liabilities (1)  
Retained Business | Equity Futures | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 1,728  
Fair value, assets 180  
Fair value, liabilities 0  
Retained Business | Total Return Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 0  
Fair value, assets 94  
Fair value, liabilities 0  
Retained Business | Equity Options | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 3,686  
Fair value, assets 232  
Fair value, liabilities 0  
Ceded Business | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 13,324  
Fair value, assets 369  
Fair value, liabilities (694)  
Ceded Business | Interest Rate Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 2,693  
Fair value, assets 49  
Fair value, liabilities (119)  
Ceded Business | Foreign Currency Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 423  
Fair value, assets 88  
Fair value, liabilities 0  
Ceded Business | Credit Default Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 71  
Fair value, assets 0  
Fair value, liabilities (3)  
Ceded Business | Total Return Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 4  
Fair value, assets 0  
Fair value, liabilities (1)  
Ceded Business | Equity Options | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 10,133  
Fair value, assets 232  
Fair value, liabilities $ (571)