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Fair Value of Financial Instruments - Changes to Fair Value of Financial Instruments Level 3 (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Liabilities        
Liabilities, Total Gains (Losses) Included in Earnings $ (41) $ 197 $ 187 $ 582
Liabilities, Total Gains (Losses) Included in AOCI 0 0 0 0
Liabilities, Purchases 333 93 669 189
Liabilities, Sales 0 0 0 0
Liabilities, Settlements (108) (38) (175) (65)
Liabilities, Net transfer In (Out) of Level 3 $ 0 $ 0 $ 0 $ 0
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Recognized gains and losses, net Recognized gains and losses, net Recognized gains and losses, net Recognized gains and losses, net
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Unrealized (loss) gain on investments and other financial instruments (excluding investments in unconsolidated affiliates) Unrealized (loss) gain on investments and other financial instruments (excluding investments in unconsolidated affiliates) Unrealized (loss) gain on investments and other financial instruments (excluding investments in unconsolidated affiliates) Unrealized (loss) gain on investments and other financial instruments (excluding investments in unconsolidated affiliates)
Level 3        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period $ 10,476 $ 8,229 $ 9,677 $ 8,286
Balance at End of Period 11,068 8,759 11,068 8,759
Liabilities        
Balance at Beginning of Period 5,180 3,893 4,661 3,397
Balance at End of Period 5,398 4,134 5,398 4,134
Indexed annuities/indexed universal life insurance ("IUL") embedded derivatives, included in contractholder funds        
Liabilities        
Balance at Beginning of Period 4,679 3,569 4,258 3,115
Liabilities, Total Gains (Losses) Included in Earnings (56) 197 144 582
Liabilities, Total Gains (Losses) Included in AOCI 0 0 0 0
Liabilities, Purchases 333 93 621 189
Liabilities, Sales 0 0 0 0
Liabilities, Settlements (108) (38) (175) (65)
Liabilities, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 4,848 3,821 4,848 3,821
Change in Unrealized Gains (Losses) Included in OCI 0 0 0 0
Interest rate swaps        
Liabilities        
Balance at Beginning of Period 19   0  
Liabilities, Total Gains (Losses) Included in Earnings 9   28  
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 28   28  
Change in Unrealized Gains (Losses) Included in OCI 0   0  
Contingent consideration        
Liabilities        
Balance at Beginning of Period 57   0  
Liabilities, Total Gains (Losses) Included in Earnings 6   15  
Liabilities, Total Gains (Losses) Included in AOCI 0   0  
Liabilities, Purchases 0   48  
Liabilities, Sales 0   0  
Liabilities, Settlements 0   0  
Liabilities, Net transfer In (Out) of Level 3 0   0  
Balance at End of Period 63   63  
Change in Unrealized Gains (Losses) Included in OCI 0   0  
Asset-backed securities        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 7,736 6,300 7,122 6,263
Assets, Total Gains (Losses) Included in Earnings 27 (3) 15 (11)
Assets, Total Gains (Losses) Included in AOCI 6 15 110 33
Assets, Purchases 704 379 1,466 795
Assets, Sales (60) (15) (79) (98)
Assets, Settlements (344) (151) (546) (386)
Assets, Net transfer In (Out) of Level 3 (27) (15) (46) (86)
Balance at End of Period 8,042 6,510 8,042 6,510
Change in Unrealized Included in OCI 3 14 107 32
Commercial mortgage-backed securities        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 12 29 18 37
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 0 0 0 1
Assets, Purchases 57 0 58 12
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 (54) (12) (61) (33)
Balance at End of Period 15 17 15 17
Change in Unrealized Included in OCI 0 0 0 1
Corporates        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 2,184 1,544 1,979 1,440
Assets, Total Gains (Losses) Included in Earnings 0 0 0 (1)
Assets, Total Gains (Losses) Included in AOCI 2 (33) 14 (56)
Assets, Purchases 303 127 520 261
Assets, Sales (93) 0 (96) (1)
Assets, Settlements (20) (14) (42) (19)
Assets, Net transfer In (Out) of Level 3 (21) 4 (20) 4
Balance at End of Period 2,355 1,628 2,355 1,628
Change in Unrealized Included in OCI 0 (33) 13 (56)
Municipals        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 18 32 49 29
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 0 17 1 20
Assets, Purchases 0 0 0 0
Assets, Sales (18) 0 (50) 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 0 49 0 49
Change in Unrealized Included in OCI 0 17 1 20
Residential mortgage-backed securities        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 4 12 3 302
Assets, Total Gains (Losses) Included in Earnings 0 0 0 1
Assets, Total Gains (Losses) Included in AOCI 0 0 0 8
Assets, Purchases 0 24 1 32
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 (8)
Assets, Net transfer In (Out) of Level 3 (1) (8) (1) (307)
Balance at End of Period 3 28 3 28
Change in Unrealized Included in OCI 0 0 0 8
Foreign Governments        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 5 16 16 16
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 0 0 0 0
Assets, Purchases 0 0 0 0
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 (11) 0
Assets, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 5 16 5 16
Change in Unrealized Included in OCI 0 0 0 0
Preferred securities        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 8 1 8 1
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 0 0 0 0
Assets, Purchases 0 0 0 0
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 0 6 0 6
Balance at End of Period 8 7 8 7
Change in Unrealized Included in OCI 0 0 0 0
Equity securities        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 14 11 15 10
Assets, Total Gains (Losses) Included in Earnings (1) (1) (2) 0
Assets, Total Gains (Losses) Included in AOCI 0 0 0 0
Assets, Purchases 0 0 0 1
Assets, Sales 0 0 0 (1)
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 0 4 0 4
Balance at End of Period 13 14 13 14
Change in Unrealized Included in OCI 0 0 0 0
Interest rate swaps        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 9   57  
Assets, Total Gains (Losses) Included in Earnings (2)   (50)  
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 8   8  
Change in Unrealized Included in OCI 1   1  
Investment in unconsolidated affiliates        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 343 107 285 23
Assets, Total Gains (Losses) Included in Earnings 15 0 73 0
Assets, Total Gains (Losses) Included in AOCI 0 0 0 0
Assets, Purchases 0 90 0 174
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 358 197 358 197
Change in Unrealized Included in OCI 0 0 0 0
Short term investments        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 9 23 0 0
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 0 0 0 0
Assets, Purchases 62 103 71 126
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 71 126 71 126
Change in Unrealized Included in OCI 0 0 0 0
Other assets        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 0   0  
Assets, Total Gains (Losses) Included in Earnings 0   0  
Assets, Total Gains (Losses) Included in AOCI 0   0  
Assets, Purchases 50   50  
Assets, Sales 0   0  
Assets, Settlements 0   0  
Assets, Net transfer In (Out) of Level 3 0   0  
Balance at End of Period 50   50  
Change in Unrealized Included in OCI 0   0  
Available-for-sale embedded derivative        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 30 25 27 23
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0
Assets, Total Gains (Losses) Included in AOCI 1 1 4 3
Assets, Purchases 0 0 0 0
Assets, Sales 0 0 0 0
Assets, Settlements 0 0 0 0
Assets, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 31 26 31 26
Change in Unrealized Included in OCI 1 1 4 3
Loan Participants        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period     0  
Assets, Total Gains (Losses) Included in Earnings     0  
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     0  
Balance at End of Period 0   0  
Credit linked note        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 9 13 10 15
Assets, Total Gains (Losses) Included in Earnings 1 0 1 0
Assets, Total Gains (Losses) Included in AOCI 0 0 0 0
Assets, Purchases 0 0 0 0
Assets, Sales 0 0 0 0
Assets, Settlements (4) 0 (5) (2)
Assets, Net transfer In (Out) of Level 3 0 0 0 0
Balance at End of Period 6 13 6 13
Change in Unrealized Included in OCI 0 0 0 0
Secured borrowing receivable        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period   10   10
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   10   10
Change in Unrealized Included in OCI   0   0
Subtotal Level 3 assets at fair value | Level 3        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 10,381 8,123 9,589 8,169
Assets, Total Gains (Losses) Included in Earnings 40 (4) 37 (11)
Assets, Total Gains (Losses) Included in AOCI 10 0 130 9
Assets, Purchases 1,176 723 2,166 1,401
Assets, Sales (171) (15) (225) (100)
Assets, Settlements (368) (165) (604) (415)
Assets, Net transfer In (Out) of Level 3 (103) (21) (128) (412)
Balance at End of Period 10,965 8,641 10,965 8,641
Change in Unrealized Included in OCI 5 (1) 126 8
Market risk benefits asset | Level 3        
Fixed maturity securities available-for-sale:        
Balance at Beginning of Period 95 106 88 117
Balance at End of Period 103 118 103 118
Subtotal Level 3 liabilities at fair value        
Liabilities        
Change in Unrealized Gains (Losses) Included in OCI 0 0 0 0
Subtotal Level 3 liabilities at fair value | Level 3        
Liabilities        
Balance at Beginning of Period 4,755 3,569 4,258 3,115
Balance at End of Period 4,939 3,821 4,939 3,821
Market risk benefits liability | Level 3        
Liabilities        
Balance at Beginning of Period 425 324 403 282
Balance at End of Period $ 459 $ 313 $ 459 $ 313