XML 91 R73.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value of Assets and Liabilities - Rollforward of level 3 assets and liabilities held at fair value on a recurring basis during the period (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Assets        
Balance at beginning of period $ 851 $ 677 $ 832 $ 738
Total gains (losses) included in: net income 9 16 27 (15)
Total gains (losses) included in: OCI 3 (13) 0 (15)
Transfers into Level 3 0 69 13 80
Transfers out of Level 3 (55) (65) (33) (99)
Transfers to (from) held for sale 0   0  
Purchases 36 112 91 140
Sales (75) (21) (122) (22)
Issues 0 0 0 0
Settlements (42) (1) (81) (33)
Balance at end of period 727 774 727 774
Liabilities        
Balance at the beginning of the period (463) (417) (516) (462)
Total gains (losses) included in: net income (24) (69) 31 (21)
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Transfers to (from) held for sale 0   0  
Purchases 0 0 0 0
Sales 0 0 0 0
Issues (8) (7) (16) (15)
Settlements 5 5 11 10
Balance at the end of the period (490) (488) (490) (488)
Net investment income        
Total Level 3 gains (losses) included in net income        
Gain (loss) included in earnings (5) 0 (6) (14)
Realized capital gains (losses)        
Total Level 3 gains (losses) included in net income        
Gain (loss) included in earnings 13 7 32 2
Liabilities held for sale        
Liabilities        
Balance at the beginning of the period (463) (417) (516) (462)
Total gains (losses) included in: net income (24) (69) 31 (21)
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Transfers to (from) held for sale 0   0  
Purchases 0 0 0 0
Sales 0 0 0 0
Issues (8) (7) (16) (15)
Settlements 5 5 11 10
Balance at the end of the period (490) (488) (490) (488)
Municipal        
Assets        
Balance at beginning of period 18 19 17 22
Total gains (losses) included in: net income 0 0 0 0
Total gains (losses) included in: OCI 0 0 1 (1)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Transfers to (from) held for sale 0   0  
Purchases 0 7 3 7
Sales 0 0 0 (1)
Issues 0 0 0 0
Settlements 0 0 (3) (1)
Balance at end of period 18 26 18 26
Corporate - public        
Assets        
Balance at beginning of period 43 36 67 36
Total gains (losses) included in: net income 0 0 0 0
Total gains (losses) included in: OCI 1 (8) (2) (8)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (3) 0 0 0
Transfers to (from) held for sale 0   (6)  
Purchases 0 15 14 15
Sales (21) 0 (53) 0
Issues 0 0 0 0
Settlements 0 0 0 0
Balance at end of period 20 43 20 43
Corporate - privately placed        
Assets        
Balance at beginning of period 105 33 63 32
Total gains (losses) included in: net income 0 0 1 0
Total gains (losses) included in: OCI 2 0 0 (1)
Transfers into Level 3 0 0 10 0
Transfers out of Level 3 (27) 0 0 0
Transfers to (from) held for sale 1   14  
Purchases 23 21 16 23
Sales (20) (2) (20) (2)
Issues 0 0 0 0
Settlements 0 0 0 0
Balance at end of period 84 52 84 52
ABS        
Assets        
Balance at beginning of period 79 32 52 49
Total gains (losses) included in: net income 0 2 0 0
Total gains (losses) included in: OCI 0 (2) 0 (2)
Transfers into Level 3 0 43 0 55
Transfers out of Level 3 (25) (25) (32) (49)
Transfers to (from) held for sale 0   0  
Purchases 0 5 34 19
Sales (4) (10) (4) 0
Issues 0 0 0 0
Settlements (40) 0 (40) (27)
Balance at end of period 10 45 10 45
MBS        
Assets        
Balance at beginning of period 23 35 27 35
Total gains (losses) included in: net income 0 0 0 0
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Transfers to (from) held for sale 0   0  
Purchases 0 10 0 10
Sales 0 (1) (4) (1)
Issues 0 0 0 0
Settlements 0 0 0 0
Balance at end of period 23 44 23 44
Fixed income securities        
Assets        
Balance at beginning of period 268 155 226 174
Total gains (losses) included in: net income 0 2 1 0
Total gains (losses) included in: OCI 3 (10) (1) (12)
Transfers into Level 3 0 43 10 55
Transfers out of Level 3 (55) (25) (32) (49)
Transfers to (from) held for sale 1   8  
Purchases 23 58 67 74
Sales (45) (13) (81) (4)
Issues 0 0 0 0
Settlements (40) 0 (43) (28)
Balance at end of period 155 210 155 210
Equity securities        
Assets        
Balance at beginning of period 410 239 304 255
Total gains (losses) included in: net income 8 5 25 (12)
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Transfers to (from) held for sale 8   100  
Purchases 6 29 10 30
Sales (27) 0 (34) 0
Issues 0 0 0 0
Settlements 0 0 0 0
Balance at end of period 405 273 405 273
Short-term investments        
Assets        
Balance at beginning of period 0 50 35 25
Total gains (losses) included in: net income 0 0 0 0
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 (40) 0 (25)
Transfers to (from) held for sale 0   0  
Purchases 0 0 0 10
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 0 0 (35) 0
Balance at end of period 0 10 0 10
Other investments        
Assets        
Balance at beginning of period 3   0  
Total gains (losses) included in: net income 0   0  
Total gains (losses) included in: OCI 0   0  
Transfers into Level 3 0   0  
Transfers out of Level 3 0   0  
Transfers to (from) held for sale 0   0  
Purchases 0   3  
Sales 0   0  
Issues 0   0  
Settlements 0   0  
Balance at end of period 3   3  
Assets held for sale        
Assets        
Balance at beginning of period 170 233 267 284
Total gains (losses) included in: net income 1 9 1 (3)
Total gains (losses) included in: OCI 0 (3) 1 (3)
Transfers into Level 3 0 26 3 25
Transfers out of Level 3 0 0 (1) (25)
Transfers to (from) held for sale (9)   (108)  
Purchases 7 25 11 26
Sales (3) (8) (7) (18)
Issues 0 0 0 0
Settlements (2) (1) (3) (5)
Balance at end of period $ 164 $ 281 $ 164 $ 281