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Investments (Tables)

3 Months Ended

Mar. 31, 2022

Investments [Abstract]

Net Realized Capital Gains (Losses)

Net Realized Gains (Losses)
									Three Months Ended March 31,
(Before tax)												2022			2021
Gross gains on sales of fixed maturities												$	23		$	31
Gross losses on sales of fixed maturities												(95)			(31)
Equity securities [1]
Net realized gains (losses) on sales of equity securities												40			6
Change in net unrealized gains (losses) of equity securities												(147)			37
Net realized and unrealized gains (losses) on equity securities												(107)			43
Net credit losses on fixed maturities, AFS												(12)			4
Change in ACL on mortgage loans												(2)			4
Intent-to-sell impairments												(3)			—
Other, net [2]												51			29
Net realized gains (losses)												$	(145)		$	80

[1]The net unrealized gains (losses) on equity securities still held as of the end of the period and included in net realized gains (losses) were $(131) and $40 for the three months ended March 31, 2022 and 2021, respectively.

[2]For the three months ended March 31, 2022 and 2021 includes gains (losses) from transactional foreign currency revaluation of $6 and $(7), respectively, and non-qualifying derivatives of $47 and $35, respectively.

Debt Securities, Available-for-sale, Allowance for Credit Loss [Table Text Block]

ACL on Fixed Maturities, AFS by Type
									Three Months Ended March 31,
															2022															2021
(Before tax)																								Corporate			Foreign govt./govt. agencies			CMBS			Total						Corporate						Total
Balance as of beginning of period																								$	1		$	—		$	—		$	1					$	23					$	23
Credit losses on fixed maturities where an allowance was not previously recorded																								8			3			1			12						2						2
Net increases (decreases) on fixed maturities where an allowance was previously recorded																								—			—			—			—						(6)						(6)
Balance as of end of period																								$	9		$	3		$	1		$	13					$	19					$	19

Schedule of Available-for-sale Securities

Fixed Maturities, AFS, by Type
			March 31, 2022																		December 31, 2021
			Amortized Cost			ACL			Gross Unrealized Gains			Gross Unrealized Losses			Fair Value									Amortized Cost			ACL			Gross Unrealized Gains			Gross Unrealized Losses			Fair Value
ABS			$	960		$	—		$	4		$	(22)		$	942								$	1,125		$	—		$	13		$	(3)		$	1,135
CLOs			2,987			—			7			(23)			2,971									3,019			—			8			(2)			3,025
CMBS			3,773			(1)			42			(92)			3,722									3,955			—			179			(15)			4,119
Corporate			17,831			(9)			294			(498)			17,618									17,744			(1)			1,038			(74)			18,707
Foreign govt./govt. agencies			799			(3)			11			(23)			784									883			—			33			(6)			910
Municipal			7,437			—			300			(143)			7,594									7,473			—			787			(3)			8,257
RMBS			4,085			—			10			(159)			3,936									3,610			—			60			(27)			3,643
U.S. Treasuries			2,708			—			40			(82)			2,666									2,979			—			86			(14)			3,051
Total fixed maturities, AFS			$	40,580		$	(13)		$	708		$	(1,042)		$	40,233								$	40,788		$	(1)		$	2,204		$	(144)		$	42,847

Investments by Contractual Maturity Year

Fixed Maturities, AFS, by Contractual Maturity Year
			March 31, 2022									December 31, 2021
			Amortized Cost			Fair Value						Amortized Cost			Fair Value
One year or less			$	1,549		$	1,560					$	1,400		$	1,419
Over one year through five years			8,144			8,089						8,615			8,894
Over five years through ten years			8,162			7,950						8,303			8,633
Over ten years			10,920			11,063						10,761			11,979
Subtotal			28,775			28,662						29,079			30,925
Mortgage-backed and asset-backed securities			11,805			11,571						11,709			11,922
Total fixed maturities, AFS			$	40,580		$	40,233					$	40,788		$	42,847

Unrealized Gain (Loss) on Investments [Table Text Block]

Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of March 31, 2022
						Less Than 12 Months												12 Months or More												Total
						Fair Value			Unrealized Losses									Fair Value			Unrealized Losses									Fair Value			Unrealized Losses
ABS						$	795		$	(22)								$	4		$	—								$	799		$	(22)
CLOs						2,405			(20)									220			(3)									2,625			(23)
CMBS						2,578			(81)									86			(11)									2,664			(92)
Corporate						8,440			(423)									717			(75)									9,157			(498)
Foreign govt./govt. agencies						445			(17)									80			(6)									525			(23)
Municipal						2,055			(141)									24			(2)									2,079			(143)
RMBS						3,064			(138)									240			(21)									3,304			(159)
U.S. Treasuries						1,506			(78)									33			(4)									1,539			(82)
Total fixed maturities, AFS in an unrealized loss position						$	21,288		$	(920)								$	1,404		$	(122)								$	22,692		$	(1,042)

Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of December 31, 2021
						Less Than 12 Months												12 Months or More												Total
						Fair Value			Unrealized Losses									Fair Value			Unrealized Losses									Fair Value			Unrealized Losses
ABS						$	396		$	(3)								$	—		$	—								$	396		$	(3)
CLOs						1,434			(2)									147			—									1,581			(2)
CMBS						594			(7)									82			(8)									676			(15)
Corporate						3,698			(65)									234			(9)									3,932			(74)
Foreign govt./govt. agencies						340			(5)									16			(1)									356			(6)
Municipal						301			(3)									12			—									313			(3)
RMBS						1,869			(23)									94			(4)									1,963			(27)
U.S. Treasuries						2,301			(13)									23			(1)									2,324			(14)
Total fixed maturities, AFS in an unrealized loss position						$	10,933		$	(121)								$	608		$	(23)								$	11,541		$	(144)

Financing Receivable, Allowance for Credit Loss [Table Text Block]

ACL on Mortgage Loans
									Three Months Ended March 31,
												2022			2021
ACL as of beginning of period												$	29		$	38
Current period provision (release)												2			(4)
ACL as of March 31,												$	31		$	34

Loans Credit Quality

Mortgage Loans LTV & DSCR by Origination Year as of March 31, 2022
			2022						2021						2020						2019						2018						2017 & Prior						Total
Loan-to-value			Amortized Cost			Avg. DSCR			Amortized Cost			Avg. DSCR			Amortized Cost			Avg. DSCR			Amortized Cost			Avg. DSCR			Amortized Cost			Avg. DSCR			Amortized Cost			Avg. DSCR			Amortized Cost [1]			Avg. DSCR
65% - 80%			$	15		2.02x			$	9		2.08x			$	51		2.67x			$	91		1.59x			$	100		1.03x			$	135		1.73x			$	401		1.66x
Less than 65%			389			2.70x			1,508			2.72x			642			2.74x			692			2.83x			471			2.24x			1,627			2.35x			5,329			2.58x
Total mortgage loans			$	404		2.68x			$	1,517		2.72x			$	693		2.74x			$	783		2.69x			$	571		2.03x			$	1,762		2.30x			$	5,730		2.52x

[1]Amortized cost of mortgage loans excludes ACL of $31.

Mortgage Loans LTV & DSCR by Origination Year as of December 31, 2021
			2021						2020						2019						2018						2017						2016 & Prior						Total
Loan-to-value			Amortized Cost			Avg. DSCR			Amortized Cost			Avg. DSCR			Amortized Cost			Avg. DSCR			Amortized Cost			Avg. DSCR			Amortized Cost			Avg. DSCR			Amortized Cost			Avg. DSCR			Amortized Cost [1]			Avg. DSCR
65% - 80%			$	7		2.37x			$	50		2.63x			$	91		1.57x			$	100		1.00x			$	45		1.37x			$	97		1.80x			$	390		1.61x
Less than 65%			1,481			2.70x			645			2.78x			722			2.78x			472			2.23x			417			1.91x			1,285			2.45x			5,022			2.55x
Total mortgage loans			$	1,488		2.70x			$	695		2.77x			$	813		2.64x			$	572		2.02x			$	462		1.86x			$	1,382		2.41x			$	5,412		2.48x

[1]Amortized cost of mortgage loans excludes ACL of $29.

Mortgage Loans by Region
			March 31, 2022									December 31, 2021
			Amortized Cost			Percent of Total						Amortized Cost			Percent of Total
East North Central			$	309		5.4		%				$	284		5.2		%
Middle Atlantic			279			4.9		%				303			5.6		%
Mountain			598			10.4		%				450			8.3		%
New England			420			7.3		%				393			7.3		%
Pacific			1,232			21.5		%				1,245			23.0		%
South Atlantic			1,638			28.6		%				1,556			28.8		%
West North Central			95			1.6		%				85			1.6		%
West South Central			422			7.4		%				424			7.8		%
Other [1]			737			12.9		%				672			12.4		%
Total mortgage loans			5,730			100.0		%				5,412			100.0		%
ACL			(31)									(29)
Total mortgage loans, net of ACL			$	5,699								$	5,383

[1]Primarily represents loans collateralized by multiple properties in various regions.

Mortgage Loans by Property Type
			March 31, 2022									December 31, 2021
			Amortized Cost			Percent of Total						Amortized Cost			Percent of Total
Commercial
Industrial			$	2,010		35.1		%				$	1,931		35.7		%
Multifamily			2,068			36.1		%				1,833			33.9		%
Office			628			11.0		%				627			11.6		%
Retail [1]			952			16.6		%				951			17.6		%
Single Family			32			0.5		%				30			0.5		%
Other			40			0.7		%				40			0.7		%
Total mortgage loans			5,730			100.0		%				5,412			100.0		%
ACL			(31)									(29)
Total mortgage loans, net of ACL			$	5,699								$	5,383

[1]Primarily comprised of grocery-anchored retail centers, with no exposure to regional shopping malls.

Schedule of Financial Instruments Owned and Pledged as Collateral

			March 31, 2022			December 31, 2021
			Fair Value			Fair Value
Securities on deposit with government agencies			$	2,297		$	2,376
Fixed maturities in trust for benefit of syndicate policyholders			691			712
Short-term investments in trust for benefit of syndicate policyholders			6			7
Fixed maturities in Lloyd's trust account			149			160
Other investments			69			65
Total Other Restricted Investments			$	3,212		$	3,320

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