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FAIR VALUE OF ASSETS AND LIABILITIES - Quantitative Information Regarding Internally-Prices Level 3 Assets and Liabilities (Details)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2022
Sep. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Assets      
Asset-backed securities [1]   $ 5,565 $ 8,771
Liabilities:      
Policyholders' account balances   $ 0 11,750
Asset-backed securities      
Assets      
Asset-backed securities     1,062
Level 3 | Minimum          
Liabilities:      
Policyholder age   45 years  
Level 3 | Minimum     | Future policy benefits      
Liabilities:      
Mortality rate   0  
Level 3 | Maximum          
Liabilities:      
Policyholder age   90 years  
Level 3 | Valuation, income approach | Minimum     | Internal pricing | Retained business      
Liabilities:      
Lapse rate   0.01  
Spread over SOFR   0.0018  
Utilization rate   0.77  
Mortality rate   0  
Equity volatility curve   0.22  
Level 3 | Valuation, income approach | Minimum     | Internal pricing | Ceded business      
Liabilities:      
Lapse rate   0.01  
Spread over SOFR   0.0000  
Utilization rate   0.77  
Mortality rate   0  
Equity volatility curve   0.22  
Level 3 | Valuation, income approach | Minimum     | Internal pricing | Future policy benefits      
Liabilities:      
Lapse rate 0.01    
Spread over Libor 0.0003    
Utilization rate 0.39    
Mortality rate 0    
Equity volatility curve 0.16    
Level 3 | Valuation, income approach | Minimum     | Internal pricing | Policyholders' account balances      
Liabilities:      
Lapse rate 0.01    
Spread over Libor 0.0003    
Equity volatility curve 0.06    
Level 3 | Valuation, income approach | Minimum     | Corporate Securities | Internal pricing      
Assets      
Discount rate 0.0234    
Level 3 | Valuation, income approach | Minimum     | Corporate Securities | Internal pricing | Corporate Debt Securities, One      
Assets      
Discount rate   0.0385  
Level 3 | Valuation, income approach | Minimum     | Corporate Securities | Internal pricing | Corporate Debt Securities, Two      
Assets      
Discount rate   0.0511  
Level 3 | Valuation, income approach | Minimum     | Asset-backed securities | Internal pricing      
Assets      
Discount rate   0.0335  
Level 3 | Valuation, income approach | Maximum     | Internal pricing | Retained business      
Liabilities:      
Lapse rate   0.20  
Spread over SOFR   0.0285  
Utilization rate   1  
Mortality rate   0.16  
Equity volatility curve   0.30  
Level 3 | Valuation, income approach | Maximum     | Internal pricing | Ceded business      
Liabilities:      
Lapse rate   0.20  
Spread over SOFR   0.0196  
Utilization rate   1  
Mortality rate   0.16  
Equity volatility curve   0.30  
Level 3 | Valuation, income approach | Maximum     | Internal pricing | Future policy benefits      
Liabilities:      
Lapse rate 0.20    
Spread over Libor 0.0113    
Utilization rate 0.96    
Mortality rate 0.15    
Equity volatility curve 0.25    
Level 3 | Valuation, income approach | Maximum     | Internal pricing | Policyholders' account balances      
Liabilities:      
Lapse rate 0.42    
Spread over Libor 0.0117    
Equity volatility curve 0.31    
Level 3 | Valuation, income approach | Maximum     | Corporate Securities | Internal pricing      
Assets      
Discount rate 0.1017    
Level 3 | Valuation, income approach | Maximum     | Corporate Securities | Internal pricing | Corporate Debt Securities, One      
Assets      
Discount rate   0.0889  
Level 3 | Valuation, income approach | Maximum     | Corporate Securities | Internal pricing | Corporate Debt Securities, Two      
Assets      
Discount rate   0.0733  
Level 3 | Valuation, income approach | Maximum     | Asset-backed securities | Internal pricing      
Assets      
Discount rate   0.0847  
Level 3 | Valuation, income approach | Weighted Average | Corporate Securities | Internal pricing      
Assets      
Discount rate 0.0282    
Level 3 | Valuation, income approach | Weighted Average | Corporate Securities | Internal pricing | Corporate Debt Securities, One      
Assets      
Discount rate   0.0600  
Level 3 | Valuation, income approach | Weighted Average | Corporate Securities | Internal pricing | Corporate Debt Securities, Two      
Assets      
Discount rate   0.0622  
Level 3 | Valuation, income approach | Weighted Average | Asset-backed securities | Internal pricing      
Assets      
Discount rate   0.0484  
Level 3 | Valuation, market approach | Minimum     | Corporate Securities | Internal pricing      
Assets      
EBITDA multiplier 6.5    
Level 3 | Valuation, market approach | Maximum     | Corporate Securities | Internal pricing      
Assets      
EBITDA multiplier 12.4    
Level 3 | Valuation, market approach | Weighted Average | Corporate Securities | Internal pricing      
Assets      
EBITDA multiplier 8.8    
Level 3 | Valuation, cost approach | Minimum     | Corporate Securities | Internal pricing      
Assets      
Liquidation value 0.6258    
Level 3 | Valuation, cost approach | Maximum     | Corporate Securities | Internal pricing      
Assets      
Liquidation value 0.6258    
Level 3 | Valuation, cost approach | Weighted Average | Corporate Securities | Internal pricing      
Assets      
Liquidation value 0.6258    
Recurring      
Assets      
Asset-backed securities   $ 5,565 8,771
Deposit asset   859  
Net modified coinsurance receivable   70  
Liabilities:      
Retained business   6,304  
Future policy benefits     4,060
Policyholders' account balances     2,041
Recurring | Asset-backed securities      
Assets      
Asset-backed securities   662 1,062
Recurring | Level 3      
Assets      
Asset-backed securities   521 265
Deposit asset   859  
Net modified coinsurance receivable   70  
Liabilities:      
Retained business   6,304  
Future policy benefits     4,060
Policyholders' account balances     2,041
Recurring | Level 3 | Asset-backed securities      
Assets      
Asset-backed securities   155 23
Recurring | Level 3 | Internal pricing      
Assets      
Other invested assets - Residential mortgage loans   71  
Deposit asset   859  
Net modified coinsurance receivable   70  
Recurring | Level 3 | Internal pricing | Asset-backed securities      
Assets      
Asset-backed securities   155  
Recurring | Level 3 | Internal pricing | Retained business      
Liabilities:      
Retained business   3,019  
Recurring | Level 3 | Internal pricing | Ceded business      
Liabilities:      
Ceded business   3,285  
Recurring | Level 3 | Internal pricing | Future policy benefits      
Liabilities:      
Future policy benefits     4,060
Recurring | Level 3 | Internal pricing | Policyholders' account balances      
Liabilities:      
Policyholders' account balances     2,041
Recurring | Level 3 | Corporate Securities | Internal pricing      
Assets      
Marketable securities     163
Recurring | Level 3 | Corporate Securities | Internal pricing | Corporate Debt Securities, One      
Assets      
Marketable securities   334  
Recurring | Level 3 | Corporate Securities | Internal pricing | Corporate Debt Securities, Two      
Assets      
Marketable securities   32  
Recurring | Level 3 | Other assets | Internal pricing      
Assets      
Other assets     400
Recurring | Level 3 | Reinsurance recoverables | Internal pricing      
Assets      
Reinsurance recoverables   $ 220 $ 1,881
Recurring | Level 3 | Minimum     | Internal pricing | Future policy benefits      
Liabilities:      
Withdrawal rate assumption   0.76 0.76
Recurring | Level 3 | Maximum     | Internal pricing | Future policy benefits      
Liabilities:      
Withdrawal rate assumption   1 1
[1] As of April 1, 2022 we have elected the fair value option for these financial statement line items. See Note 2 for further discussion.