XML 47 R35.htm IDEA: XBRL DOCUMENT v3.23.1
DERIVATIVES AND HEDGING - Primary Risks Managed by Derivatives (Details) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Fair value, assets $ 272 $ 418
Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 24,654 24,075
Fair value, assets 541 667
Fair value, liabilities (782) (1,075)
Retained Business    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Fair value, assets 78 183
Retained Business | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 17,856 14,300
Fair value, assets 347 432
Fair value, liabilities (534) (602)
Retained Business | Interest Rate Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 16,005 12,131
Fair value, assets 237 228
Fair value, liabilities (409) (553)
Retained Business | Foreign Currency Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 102 100
Fair value, assets 11 11
Fair value, liabilities 0 0
Retained Business | Credit Default Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 520 520
Fair value, assets 7 5
Fair value, liabilities 0 0
Retained Business | Equity Futures | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units (2,086) (1,737)
Fair value, assets 0 46
Fair value, liabilities (111) 0
Retained Business | Total Return Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 366 0
Fair value, assets 16 24
Fair value, liabilities (14) (49)
Retained Business | Equity Options | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 2,949 3,286
Fair value, assets 76 118
Fair value, liabilities 0 0
Ceded Business    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Fair value, assets 194 235
Ceded Business | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 6,798 9,775
Fair value, assets 194 235
Fair value, liabilities (248) (473)
Ceded Business | Interest Rate Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 1,300 2,517
Fair value, assets 40 48
Fair value, liabilities (41) (117)
Ceded Business | Foreign Currency Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 48 48
Fair value, assets 6 6
Fair value, liabilities 0 0
Ceded Business | Credit Default Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 71 71
Fair value, assets 1 1
Fair value, liabilities 0 0
Ceded Business | Total Return Swaps | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 22 0
Fair value, assets 0 0
Fair value, liabilities 0 0
Ceded Business | Equity Options | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gross Notional Values/Units 5,357 7,139
Fair value, assets 147 180
Fair value, liabilities $ (207) $ (356)