XML 69 R58.htm IDEA: XBRL DOCUMENT v3.23.2
INVESTMENTS - Narrative (Details)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
USD ($)
issue
Mar. 31, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
issue
Jun. 30, 2022
USD ($)
Dec. 31, 2027
Dec. 31, 2022
USD ($)
issue
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Net Investment Income [Line Items]                  
Number of positions in unrealized loss position | issue 5,196     5,196     5,209    
Debt securities exposure in single issuer greater than stated percentage of total investments 0.90%     0.90%          
Fixed maturities available-for-sale, amortized cost $ 73,994,000,000     $ 73,994,000,000     $ 72,991,000,000    
12 months or longer, gross unrealized losses 8,269,000,000     8,269,000,000     5,295,000,000    
Allowance for credit losses 145,000,000   $ 64,000,000 145,000,000 $ 64,000,000   129,000,000    
Non-accruing loans, carrying value 17,000,000     17,000,000          
Mortgage loans on real estate (net of allowance for credit losses of $139 and $129) [1] 17,364,000,000     $ 17,364,000,000     16,481,000,000    
Percentage of mortgage loans on real estate, interest rate       0.35%          
Separate account equity investment carrying value 47,000,000     $ 47,000,000     39,000,000    
Interest credited to policyholders account balances participating group annuity contracts 0   1,000,000 1,000,000 1,000,000        
Forecast                  
Net Investment Income [Line Items]                  
Percentage of mortgage loans on real estate, interest rate           5.00%      
Recurring                  
Net Investment Income [Line Items]                  
Trading securities, at fair value 873,000,000     873,000,000     677,000,000    
Agricultural Mortgage Loans                  
Net Investment Income [Line Items]                  
Accrued investment income receivable 76,000,000     76,000,000     71,000,000    
Accrued interest, written off       0 0        
Allowance for credit losses 5,000,000 $ 6,000,000 6,000,000 5,000,000 6,000,000   6,000,000 $ 6,000,000 $ 5,000,000
Commercial Mortgage Loans                  
Net Investment Income [Line Items]                  
Accrued investment income receivable 76,000,000     76,000,000     71,000,000    
Accrued interest, written off       0 0        
Allowance for credit losses 140,000,000 133,000,000 58,000,000 140,000,000 58,000,000   123,000,000 $ 47,000,000 $ 57,000,000
Non-accruing loans, carrying value             14,000,000    
Troubled debt restructuring, postmodification   $ 56,000,000              
Individually Assessed Mortgage Loans                  
Net Investment Income [Line Items]                  
Mortgage loans foreclosure probable 0     0          
Allowance for credit losses 0     0          
Mortgage Loans                  
Net Investment Income [Line Items]                  
Allowance for credit losses 2,000,000     2,000,000     2,000,000    
Real Estate Loan                  
Net Investment Income [Line Items]                  
Percentage of mortgage loans on real estate   0.30%              
Fixed maturities, AFS                  
Net Investment Income [Line Items]                  
Accrued investment income receivable 614,000,000     614,000,000     591,000,000    
Accrued interest, written off 0   $ 0 0 $ 0        
Fixed maturities available-for-sale, amortized cost 74,000,000,000     74,000,000,000     73,000,000,000    
Fixed maturities, AFS | Non-Investment Grade | Other Than Investment Grade                  
Net Investment Income [Line Items]                  
Available-for-sale securities, amortized cost basis other than investment grade $ 2,700,000,000     $ 2,700,000,000     $ 2,900,000,000    
Percentage of available for sale securities 3.70%     3.70%     4.00%    
Unrealized loss on available for sale securities $ 162,000,000     $ 162,000,000     $ 208,000,000    
Public Corporate                  
Net Investment Income [Line Items]                  
Exposure in single issuer of total investments $ 400,000,000     $ 400,000,000     $ 327,000,000    
Debt securities exposure in single issuer of total investments, percentage 7.60%     7.60%     10.40%    
Fixed maturities available-for-sale, amortized cost $ 50,420,000,000     $ 50,420,000,000     $ 50,712,000,000    
12 months or longer, gross unrealized losses $ 6,173,000,000     $ 6,173,000,000     $ 4,536,000,000    
[1] See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.