XML 93 R78.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value of Financial Instruments - Changes to Fair Value of Financial Instruments Level 3 (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period $ 3,267 $ 138
F&G Acquisition   2,754
Assets, Total Gains (Losses) Included in Earnings 15 (57)
Assets, Total Gains (Losses) Included in AOCI (48) 93
Assets, Purchases 4,449 756
Assets, Sales (120) (1)
Assets, Settlements (1,449) (282)
Assets, Net transfer In (Out) of Level 3 (514) (134)
Balance at End of Period 5,600 3,267
Change in Unrealized Included in OCI 59 59
Liabilities, Fair Value Disclosure [Abstract]    
Balance at Beginning of Period 3,409 0
F&G Acquisition   2,857
Liabilities, Total Gains (Losses) Included in Earnings 479 552
Liabilities, Total Gains (Losses) Included in AOCI 0 0
Liabilities, Purchases 0 0
Liabilities, Sales (4) 0
Liabilities, Settlements (1) 0
Liabilities, Net transfer In (Out) of Level 3 0 0
Balance at End of Period 3,883 3,409
Change in Unrealized Included in OCI 0 0
Future policy benefits    
Liabilities, Fair Value Disclosure [Abstract]    
Balance at Beginning of Period 5 0
F&G Acquisition   5
Liabilities, Total Gains (Losses) Included in Earnings 0 0
Liabilities, Total Gains (Losses) Included in AOCI 0 0
Liabilities, Purchases 0 0
Liabilities, Sales (4) 0
Liabilities, Settlements (1) 0
Liabilities, Net transfer In (Out) of Level 3 0 0
Balance at End of Period 0 5
Change in Unrealized Included in OCI 0 0
FIA embedded derivatives, included in contractholder funds    
Liabilities, Fair Value Disclosure [Abstract]    
Balance at Beginning of Period 3,404 0
F&G Acquisition   2,852
Liabilities, Total Gains (Losses) Included in Earnings 479 552
Liabilities, Total Gains (Losses) Included in AOCI 0 0
Liabilities, Purchases 0 0
Liabilities, Sales 0 0
Liabilities, Settlements 0 0
Liabilities, Net transfer In (Out) of Level 3 0 0
Balance at End of Period 3,883 3,404
Change in Unrealized Included in OCI 0 0
Asset-backed securities    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 1,350 0
F&G Acquisition   854
Assets, Total Gains (Losses) Included in Earnings (1) (1)
Assets, Total Gains (Losses) Included in AOCI (8) 21
Assets, Purchases 3,417 633
Assets, Sales (97) (1)
Assets, Settlements (595) (133)
Assets, Net transfer In (Out) of Level 3 (107) (23)
Balance at End of Period 3,959 1,350
Change in Unrealized Included in OCI 4 10
Commercial mortgage-backed securities    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 26 0
F&G Acquisition   26
Assets, Total Gains (Losses) Included in Earnings 0 0
Assets, Total Gains (Losses) Included in AOCI (3) 0
Assets, Purchases 12 0
Assets, Sales 0 0
Assets, Settlements 0 0
Assets, Net transfer In (Out) of Level 3 0 0
Balance at End of Period 35 26
Change in Unrealized Included in OCI 1 0
Corporates    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 1,289 17
F&G Acquisition   1,238
Assets, Total Gains (Losses) Included in Earnings 8 (3)
Assets, Total Gains (Losses) Included in AOCI (40) 59
Assets, Purchases 161 110
Assets, Sales (23) 0
Assets, Settlements (247) (87)
Assets, Net transfer In (Out) of Level 3 (13) (45)
Balance at End of Period 1,135 1,289
Change in Unrealized Included in OCI 23 43
Hybrids    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 4 0
F&G Acquisition   4
Assets, Total Gains (Losses) Included in Earnings 0 0
Assets, Total Gains (Losses) Included in AOCI 0 0
Assets, Purchases 0 0
Assets, Sales 0 0
Assets, Settlements (4) 0
Assets, Net transfer In (Out) of Level 3 0 0
Balance at End of Period 0 4
Change in Unrealized Included in OCI 0 0
Municipals    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 43 0
F&G Acquisition   38
Assets, Total Gains (Losses) Included in Earnings 0 0
Assets, Total Gains (Losses) Included in AOCI 0 5
Assets, Purchases 0 0
Assets, Sales 0 0
Assets, Settlements 0 0
Assets, Net transfer In (Out) of Level 3 0 0
Balance at End of Period 43 43
Change in Unrealized Included in OCI 7 5
Residential mortgage-backed securities    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 483 0
F&G Acquisition   534
Assets, Total Gains (Losses) Included in Earnings 0 0
Assets, Total Gains (Losses) Included in AOCI (1) 7
Assets, Purchases 14 11
Assets, Sales 0 0
Assets, Settlements (102) (62)
Assets, Net transfer In (Out) of Level 3 (394) (7)
Balance at End of Period 0 483
Change in Unrealized Included in OCI 22 0
Foreign Governments    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 17 0
F&G Acquisition   16
Assets, Total Gains (Losses) Included in Earnings 0 0
Assets, Total Gains (Losses) Included in AOCI 1 1
Assets, Purchases 0 0
Assets, Sales 0 0
Assets, Settlements 0 0
Assets, Net transfer In (Out) of Level 3 0 0
Balance at End of Period 18 17
Change in Unrealized Included in OCI 2 1
Short-term Investments    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 0  
Assets, Total Gains (Losses) Included in Earnings 0  
Assets, Total Gains (Losses) Included in AOCI 2  
Assets, Purchases 820  
Assets, Sales 0  
Assets, Settlements (501)  
Assets, Net transfer In (Out) of Level 3 0  
Balance at End of Period 321 0
Change in Unrealized Included in OCI 0  
Preferred securities    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 1 0
F&G Acquisition   1
Assets, Total Gains (Losses) Included in Earnings (1) 0
Assets, Total Gains (Losses) Included in AOCI 1 0
Assets, Purchases 1 0
Assets, Sales 0 0
Assets, Settlements 0 0
Assets, Net transfer In (Out) of Level 3 0 0
Balance at End of Period 2 1
Change in Unrealized Included in OCI 0 0
Equity securities    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 4 1
F&G Acquisition   0
Assets, Total Gains (Losses) Included in Earnings 2 1
Assets, Total Gains (Losses) Included in AOCI 0 0
Assets, Purchases 3 2
Assets, Sales 0 0
Assets, Settlements 0 0
Assets, Net transfer In (Out) of Level 3 0 0
Balance at End of Period 9 4
Change in Unrealized Included in OCI 0 0
Available-for-sale embedded derivative    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 27 0
F&G Acquisition   20
Assets, Total Gains (Losses) Included in Earnings 7 7
Assets, Total Gains (Losses) Included in AOCI 0 0
Assets, Purchases 0 0
Assets, Sales 0 0
Assets, Settlements 0 0
Assets, Net transfer In (Out) of Level 3 0 0
Balance at End of Period 34 27
Change in Unrealized Included in OCI 0 0
Credit linked note    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 23 0
F&G Acquisition   23
Assets, Total Gains (Losses) Included in Earnings 0 0
Assets, Total Gains (Losses) Included in AOCI 0 0
Assets, Purchases 0 0
Assets, Sales 0 0
Assets, Settlements 0 0
Assets, Net transfer In (Out) of Level 3 0 0
Balance at End of Period 23 23
Change in Unrealized Included in OCI 0 0
Investment in affiliate    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period 0  
Assets, Total Gains (Losses) Included in Earnings 0  
Assets, Total Gains (Losses) Included in AOCI 0  
Assets, Purchases 21  
Assets, Sales 0  
Assets, Settlements 0  
Assets, Net transfer In (Out) of Level 3 0  
Balance at End of Period 21 0
Change in Unrealized Included in OCI 0  
Other long-term investments    
Debt Securities, Available-for-sale [Abstract]    
Balance at Beginning of Period $ 0 120
F&G Acquisition   0
Assets, Total Gains (Losses) Included in Earnings   (61)
Assets, Total Gains (Losses) Included in AOCI   0
Assets, Purchases   0
Assets, Sales   0
Assets, Settlements   0
Assets, Net transfer In (Out) of Level 3   (59)
Balance at End of Period   0
Change in Unrealized Included in OCI   $ 0