XML 127 R116.htm IDEA: XBRL DOCUMENT v3.25.3
Fair Value (Unobservable Input Reconciliation) (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net Derivatives        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period $ (1) $ 15 $ 10 $ 2
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Balance, beginning of period 16 (75) 5 (143)
Total realized/unrealized gains (losses) included in net income (loss) (2) 21 8 5
Total realized/unrealized gains (losses) included in AOCI (1) 7 0 (28)
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 0 0 0 0
Settlements 0 72 (1) 201
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (1) (1) 0 (11)
Balance, end of period 12 24 12 24
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (1) 15 10 2
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Net Embedded Derivatives        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (222) (61) (278) (21)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Balance, beginning of period 90 (55) (9) (93)
Total realized/unrealized gains (losses) included in net income (loss) (223) (61) (279) (21)
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 0 0 0 0
Settlements 1 (3) 156 (5)
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period (132) (119) (132) (119)
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (222) (61) (278) (21)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Corporate fixed maturity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 28,637 29,240 26,505 28,345
Total realized/unrealized gains (losses) included in net income (loss) (33) (10) (55) (70)
Total realized/unrealized gains (losses) included in AOCI 177 1,169 1,468 502
Purchases 1,285 2,080 3,313 4,618
Sales (842) (1,255) (1,703) (2,212)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 287 94 273 55
Transfers out of Level 3 (95) (1,111) (385) (1,031)
Balance, end of period 29,416 30,207 29,416 30,207
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (33) (6) (51) (17)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 182 1,159 1,432 489
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (33) (6) (51) (17)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 182 1,159 1,432 489
Foreign government        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 56 40 41 51
Total realized/unrealized gains (losses) included in net income (loss) 0 (8) 0 (6)
Total realized/unrealized gains (losses) included in AOCI 0 7 5 3
Purchases 2 2 13 1
Sales (5) (1) (5) (1)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 1 0 1
Transfers out of Level 3 0 0 (1) (8)
Balance, end of period 53 41 53 41
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 (8) 0 (6)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (1) 7 5 3
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 (8) 0 (6)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period (1) 7 5 3
Structured Products        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 3,700 5,867 8,639 4,551
Total realized/unrealized gains (losses) included in net income (loss) 1 6 14 19
Total realized/unrealized gains (losses) included in AOCI 20 132 63 172
Purchases 1,577 1,080 2,379 1,614
Sales (701) (539) (1,453) (792)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 33 31 42 179
Transfers out of Level 3 (492) (1,069) (5,546) (235)
Balance, end of period 4,138 5,508 4,138 5,508
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 2 12 15 23
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 19 113 58 144
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 2 12 15 23
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 19 113 58 144
Municipals        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 0 1 7 0
Total realized/unrealized gains (losses) included in net income (loss) 0 0 1 0
Total realized/unrealized gains (losses) included in AOCI 0 0 (1) 0
Purchases 0 0 0 0
Sales 0 (1) (7) 0
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 0 0 0 0
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0 0 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0 0 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Equity Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 252 262 236 249
Total realized/unrealized gains (losses) included in net income (loss) (13) (15) 18 (26)
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 15 9 36 31
Sales (22) (14) (58) (12)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 232 242 232 242
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 2 (15) 0 (20)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 2 (15) 0 (20)
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Unit-linked and FVO Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 1,265 1,096 1,190 1,103
Total realized/unrealized gains (losses) included in net income (loss) 72 56 149 121
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 93 135 106 139
Sales (89) (111) (104) (167)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 6 0 6 0
Transfers out of Level 3 0 0 0 (20)
Balance, end of period 1,347 1,176 1,347 1,176
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 72 57 154 124
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 72 57 154 124
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Short-term Investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 8 10 5 27
Total realized/unrealized gains (losses) included in net income (loss) 0 0 0 1
Total realized/unrealized gains (losses) included in AOCI 1 0 2 (1)
Purchases 26 1 30 5
Sales (2) (8) (4) (26)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 3 0 0
Transfers out of Level 3 0 0 0 0
Balance, end of period 33 6 33 6
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0 0 1
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 1 0 1 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0 0 1
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 1 0 1 0
Other Investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 1,153 1,073 1,010 975
Total realized/unrealized gains (losses) included in net income (loss) (26) 9 (43) 21
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 58 6 266 54
Sales (16) (45) (85) (186)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 0 52 21 231
Transfers out of Level 3 0 0 0 0
Balance, end of period 1,169 1,095 1,169 1,095
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (24) 11 (56) 19
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period (24) 11 (56) 19
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Separate Accounts        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 977 1,122 990 1,147
Total realized/unrealized gains (losses) included in net income (loss) 4 (9) (10) (46)
Total realized/unrealized gains (losses) included in AOCI 0 0 0 0
Purchases 37 18 64 15
Sales (89) (93) (130) (92)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers into Level 3 3 1 4 2
Transfers out of Level 3 (25) (20) (11) (7)
Balance, end of period 907 1,019 907 1,019
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0 0 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period 0 0 0 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period 0 0 0 0
Changes in unrealized gains (losses) included in AOCI for the instruments still held at end of period $ 0 $ 0 $ 0 $ 0