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FAIR VALUE OF ASSETS AND LIABILITIES - Changes in Level 3 Assets and Liabilities (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Dec. 31, 2022
Future policy benefits            
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period     $ 3,393 $ 4,060   $ 4,060
Total realized and unrealized gains (losses)       715    
Purchases       0    
Sales       0    
Issuances       (48)    
Settlements       0    
Other       0    
Transfers into Level 3       0    
Transfers out of Level 3       0    
Fair Value, end of period       3,393    
Unrealized gains (losses) for liabilities still held       686    
Policyholders' account balances            
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period     1,934 2,041   2,041
Total realized and unrealized gains (losses)       124    
Purchases       0    
Sales       0    
Issuances       0    
Settlements       (17)    
Other       0    
Transfers into Level 3       0    
Transfers out of Level 3       0    
Fair Value, end of period       1,934    
Unrealized gains (losses) for liabilities still held       89    
Insurance Liabilities            
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period     13,661      
Total realized and unrealized gains (losses)         $ (562) (8,065)
Reduction in estimates of ultimate losses     (1,654)      
Increase in estimates of ultimate losses     1,206      
Change in fair value (discount rate)     (1,520)      
Paid losses     98      
Other     (534)      
Fair Value, end of period   $ 11,257 11,257 13,661    
Insurance Liabilities | Retained Business            
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period $ 3,056       2,941  
Total realized and unrealized gains (losses)         (230) (421)
Reduction in estimates of ultimate losses (354)       (702)  
Increase in estimates of ultimate losses 103       235  
Change in fair value (discount rate) (189)       46  
Paid losses 96       196  
Other (1)       (5)  
Fair Value, end of period 2,711       2,711 2,941
Insurance Liabilities | Ceded Business            
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period 2,695       2,605  
Total realized and unrealized gains (losses)         (332) (7,644)
Reduction in estimates of ultimate losses (559)       (625)  
Increase in estimates of ultimate losses 143       210  
Change in fair value (discount rate) (20)       56  
Paid losses 14       27  
Other 0       0  
Fair Value, end of period 2,273       2,273 2,605
Residential mortgage loans | Retained Business            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period 158       161  
Total realized and unrealized gains (losses) 0       0  
Purchases 31       44  
Sales 0       0  
Issuances 0       0  
Settlements (38)       (54)  
Other 0       0  
Transfers into Level 3 0       0  
Transfers out of Level 3 0       0  
Fair Value, end of period 151       151 161
Unrealized gains (losses) for assets still held 0       0  
Commercial mortgage-backed securities | Retained Business            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period 48       35  
Total realized and unrealized gains (losses) 0       0  
Purchases 30       43  
Sales 0       0  
Issuances 0       0  
Settlements 0       0  
Other 0       0  
Transfers into Level 3 0       0  
Transfers out of Level 3 0       0  
Fair Value, end of period 78       78 35
Unrealized gains (losses) for assets still held 0       0  
Short term investments            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period     0 13   13
Total realized and unrealized gains (losses)       0    
Purchases       0    
Sales       0    
Issuances       0    
Settlements       (13)    
Other       0    
Transfers into Level 3       0    
Transfers out of Level 3       0    
Fair Value, end of period       0    
Unrealized gains (losses) for assets still held       0    
Cash equivalents            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period     0 8   8
Total realized and unrealized gains (losses)       0    
Purchases       0    
Sales       0    
Issuances       0    
Settlements       (8)    
Other       0    
Transfers into Level 3       0    
Transfers out of Level 3       0    
Fair Value, end of period       0    
Unrealized gains (losses) for assets still held       0    
Other assets            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period     376 400   400
Total realized and unrealized gains (losses)       (21)    
Purchases       13    
Sales       0    
Issuances       0    
Settlements       (16)    
Other       0    
Transfers into Level 3       0    
Transfers out of Level 3       0    
Fair Value, end of period       376    
Unrealized gains (losses) for assets still held       (6)    
Deposit asset            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period 608       607  
Total realized and unrealized gains (losses) (10)       (8)  
Purchases 0       0  
Sales 0       0  
Issuances 0       0  
Settlements 0       0  
Other (122)       (123)  
Transfers into Level 3 0       0  
Transfers out of Level 3 0       0  
Fair Value, end of period 476       476 607
Unrealized gains (losses) for assets still held 0       0  
Reinsurance recoverables            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period 247   1,866 1,881 235 1,881
Total realized and unrealized gains (losses) (47)     201 (35)  
Purchases 0     4 0  
Sales 0     0 0  
Issuances 0     0 0  
Settlements 0     19 0  
Other 0     (239) 0  
Transfers into Level 3 0     0 0  
Transfers out of Level 3 0     0 0  
Fair Value, end of period 200     1,866 200 235
Unrealized gains (losses) for assets still held 0     222 0  
Net modified coinsurance receivable (payable)            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period (45)       18  
Total realized and unrealized gains (losses) (36)       (99)  
Purchases 0       0  
Sales 0       0  
Issuances 0       0  
Settlements 0       0  
Other 0       0  
Transfers into Level 3 0       0  
Transfers out of Level 3 0       0  
Fair Value, end of period (81)       (81) 18
Unrealized gains (losses) for assets still held 0       0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, end of period 81       81  
Fixed maturity securities | U.S Treasury securities and obligations of U.S. government authorities and agencies            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period     0 0   0
Total realized and unrealized gains (losses)       0    
Purchases       0    
Sales       0    
Issuances       0    
Settlements       0    
Other       0    
Transfers into Level 3       0    
Transfers out of Level 3       0    
Fair Value, end of period       0    
Unrealized gains (losses) for assets still held       0    
Fixed maturity securities | Corporate Securities            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period 182 190 180 190 146 190
Total realized and unrealized gains (losses) 1 (16)   (9) 1  
Purchases 27 207   5 46  
Sales 0 0   (4) 0  
Issuances 0 0   0 0  
Settlements 0 (11)   (2) (1)  
Other 0 (3)   0 0  
Transfers into Level 3 18 0   0 18  
Transfers out of Level 3 (18) (53)   0 0  
Fair Value, end of period 210 314 314 180 210 146
Unrealized gains (losses) for assets still held 2   (13) (9) 1  
Fixed maturity securities | Structured securities            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period   33 47 76   76
Total realized and unrealized gains (losses)   0   (4)    
Purchases   25   0    
Sales   (10)   (10)    
Issuances   0   0    
Settlements   0   (2)    
Other   (10)   0    
Transfers into Level 3   0   0    
Transfers out of Level 3   (13)   (13)    
Fair Value, end of period   25 25 47    
Unrealized gains (losses) for assets still held     0 (4)    
Fixed maturity securities | Foreign corporate private securities | Retained Business            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period 36       36  
Total realized and unrealized gains (losses) (2)       (2)  
Purchases 0       0  
Sales 0       0  
Issuances 0       0  
Settlements 0       0  
Other 0       0  
Transfers into Level 3 0       0  
Transfers out of Level 3 0       0  
Fair Value, end of period 34       34 36
Unrealized gains (losses) for assets still held (3)       (2)  
Fixed maturity securities | Foreign corporate private securities | Ceded Business            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period 0          
Total realized and unrealized gains (losses) 0          
Purchases 5          
Sales 0          
Issuances 0          
Settlements (2)          
Other 0          
Transfers into Level 3 0          
Transfers out of Level 3 0          
Fair Value, end of period 3       3  
Unrealized gains (losses) for assets still held 0          
Fixed maturity securities | Asset-backed securities | Retained Business            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period 191       155  
Total realized and unrealized gains (losses) 0       (2)  
Purchases 18       56  
Sales 0       0  
Issuances 0       0  
Settlements (1)       (1)  
Other 0       0  
Transfers into Level 3 0       0  
Transfers out of Level 3 0       0  
Fair Value, end of period 208       208 155
Unrealized gains (losses) for assets still held $ 1       $ (1)  
Fixed maturity securities | Secured receivable            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period   1,622        
Total realized and unrealized gains (losses)   (50)        
Purchases   0        
Sales   (15)        
Issuances   0        
Settlements   0        
Other   (2)        
Transfers into Level 3   0        
Transfers out of Level 3   0        
Fair Value, end of period   1,555 1,555      
Unrealized gains (losses) for assets still held     0      
Fixed maturity securities | Deposit asset            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period   2,615        
Total realized and unrealized gains (losses)   (457)        
Purchases   0        
Sales   0        
Issuances   0        
Settlements   0        
Other   0        
Transfers into Level 3   0        
Transfers out of Level 3   0        
Fair Value, end of period   2,158 2,158      
Unrealized gains (losses) for assets still held     0      
Fixed maturity securities | Reinsurance recoverables            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period   344        
Total realized and unrealized gains (losses)   34        
Purchases   0        
Sales   0        
Issuances   0        
Settlements   0        
Other   0        
Transfers into Level 3   0        
Transfers out of Level 3   0        
Fair Value, end of period   378 378      
Unrealized gains (losses) for assets still held     0      
Fixed maturity securities | Net modified coinsurance receivable (payable)            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period   5        
Total realized and unrealized gains (losses)   210        
Purchases   0        
Sales   0        
Issuances   0        
Settlements   0        
Other   0        
Transfers into Level 3   0        
Transfers out of Level 3   0        
Fair Value, end of period   $ 215 215      
Unrealized gains (losses) for assets still held     0      
Equity securities | Equity securities            
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]            
Fair Value, beginning of period     $ 1 1   $ 1
Total realized and unrealized gains (losses)       0    
Purchases       0    
Sales       0    
Issuances       0    
Settlements       0    
Other       0    
Transfers into Level 3       0    
Transfers out of Level 3       0    
Fair Value, end of period       1    
Unrealized gains (losses) for assets still held       $ 0