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v3.22.2.2

Fair Value Measurements - Fair Value Recurring Basis, Unobservable Input (Details) - Fair Value, Measurements, Recurring - Significant Unobservable Inputs (Level 3) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021
Assets |  |  |  |
Beginning balance | $ 2,445 | $ 2,010 | $ 2,708 | $ 1,805
Total realized/unrealized gains (losses), Included in net income | (3) | 4 | (7) | 12
Total realized/unrealized gains (losses), Included in OCI | (56) | (8) | (242) | (19)
Purchases | 146 | 471 | 846 | 1,222
Settlements | (58) | (120) | (329) | (362)
Sales | (11) | (1) | (33) | (65)
Transfers into Level 3 | 24 | 0 | 48 | 177
Transfers out of Level 3 | (58) | (182) | (562) | (596)
Ending balance | 2,429 | 2,174 | 2,429 | 2,174
Equity securities, at fair value |  |  |  |
Assets |  |  |  |
Beginning balance | 60 | 74 | 64 | 70
Total realized/unrealized gains (losses), Included in net income | 1 | 4 | 10 | 6
Total realized/unrealized gains (losses), Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 2 | 2 | 5
Settlements | 0 | (9) | (15) | (10)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 61 | 71 | 61 | 71
Short-term investments |  |  |  |
Assets |  |  |  |
Beginning balance | 60 | 18 | 80 | 30
Total realized/unrealized gains (losses), Included in net income | 0 | 0 | 0 | 0
Total realized/unrealized gains (losses), Included in OCI | 0 | 0 | 0 | 0
Purchases | 36 | 8 | 72 | 10
Settlements | (3) | (3) | (9) | (17)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | (50) | 0
Ending balance | 93 | 23 | 93 | 23
Securities available-for-sale and other | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 2,132 | 1,918 | 2,404 | 1,705
Total realized/unrealized gains (losses), Included in net income | 0 | 0 | (2) | 6
Total realized/unrealized gains (losses), Included in OCI | (56) | (8) | (242) | (19)
Purchases | 110 | 386 | 717 | 1,132
Settlements | (52) | (108) | (291) | (335)
Sales | (11) | (1) | (33) | (65)
Transfers into Level 3 | 24 | 0 | 48 | 177
Transfers out of Level 3 | (58) | (182) | (512) | (596)
Ending balance | 2,089 | 2,005 | 2,089 | 2,005
Securities available-for-sale and other | ABS | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance |  | 14 | 0 | 0
Total realized/unrealized gains (losses), Included in net income |  | 0 | 0 | 0
Total realized/unrealized gains (losses), Included in OCI |  | 0 | 0 | 0
Purchases |  | 23 | 19 | 42
Settlements |  | 0 | 0 | 0
Sales |  | 0 | 0 | 0
Transfers into Level 3 |  | 0 | 0 | 0
Transfers out of Level 3 |  | (14) | (19) | (19)
Ending balance | 0 | 23 | 0 | 23
Securities available-for-sale and other | Collateralized Loan Obligations [Member] | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 164 | 375 | 257 | 360
Total realized/unrealized gains (losses), Included in net income | 0 | 0 | 0 | 0
Total realized/unrealized gains (losses), Included in OCI | 0 | 0 | (2) | 0
Purchases | 31 | 132 | 113 | 391
Settlements | (13) | (34) | (53) | (79)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | (27) | (119) | (160) | (318)
Ending balance | 155 | 354 | 155 | 354
Securities available-for-sale and other | CMBS | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 224 | 86 | 196 | 77
Total realized/unrealized gains (losses), Included in net income | 0 | 0 | 0 | 0
Total realized/unrealized gains (losses), Included in OCI | (1) | 0 | (16) | 2
Purchases | 4 | 29 | 50 | 68
Settlements | (7) | 0 | (10) | (3)
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 5
Transfers out of Level 3 | 0 | (14) | 0 | (48)
Ending balance | 220 | 101 | 220 | 101
Securities available-for-sale and other | Corporate | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 1,609 | 1,141 | 1,618 | 881
Total realized/unrealized gains (losses), Included in net income | (1) | 0 | (2) | 6
Total realized/unrealized gains (losses), Included in OCI | (52) | (7) | (210) | (18)
Purchases | 75 | 156 | 398 | 405
Settlements | (13) | (29) | (145) | (105)
Sales | (9) | (1) | (30) | (45)
Transfers into Level 3 | 24 | 0 | 45 | 172
Transfers out of Level 3 | (31) | (6) | (72) | (42)
Ending balance | 1,602 | 1,254 | 1,602 | 1,254
Securities available-for-sale and other | Foreign government/government agencies | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 5 | 0 | 5 | 6
Total realized/unrealized gains (losses), Included in net income | 1 | 0 | 0 | 0
Total realized/unrealized gains (losses), Included in OCI | 0 | 0 | (1) | 0
Purchases | 0 | 5 | 0 | 5
Settlements | 0 | 0 | 0 | 0
Sales | (2) | 0 | (3) | (6)
Transfers into Level 3 | 0 | 0 | 3 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 4 | 5 | 4 | 5
Securities available-for-sale and other | RMBS | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 130 | 302 | 328 | 381
Total realized/unrealized gains (losses), Included in net income | 0 | 0 | 0 | 0
Total realized/unrealized gains (losses), Included in OCI | (3) | (1) | (13) | (3)
Purchases | 0 | 41 | 137 | 221
Settlements | (19) | (45) | (83) | (148)
Sales | 0 | 0 | 0 | (14)
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | (29) | (261) | (169)
Ending balance | 108 | 268 | 108 | 268
Fair Value Option, Other Eligible Items | Collateralized Loan Obligations [Member] | Total Fixed Maturities, AFS |  |  |  |
Assets |  |  |  |
Beginning balance | 193 | 0 | 160 | 0
Total realized/unrealized gains (losses), Included in net income | (4) | 0 | (15) | 0
Total realized/unrealized gains (losses), Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 75 | 55 | 75
Settlements | (3) | 0 | (14) | 0
Sales | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Ending balance | $ 186 | $ 75 | $ 186 | $ 75

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