XML 94 R77.htm IDEA: XBRL DOCUMENT v3.23.1
INVESTMENTS - Available-for-sale Securities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost $ 72,991 $ 73,429  
Allowance for Credit Losses 24 22  
Gross Unrealized Gains 106 5,125  
Gross Unrealized Losses 9,712 316  
Fair Value 63,361 78,216  
Amortized Cost (Less Allowance for Credit Losses)      
Due in one year or less 1,858    
Due in years two through five 15,031    
Due in years six through ten 16,281    
Due after ten years 26,166    
Subtotal 59,336    
Amortized cost 72,967    
Fair Value      
Due in one year or less 1,834    
Due in years two through five 14,222    
Due in years six through ten 14,433    
Due after ten years 20,282    
Subtotal 50,771    
Fair Value 63,361 78,216  
Fixed Maturities Proceeds Gross Gains And Gross Losses From Sales And Other Than Temporary Impairments      
Proceeds from sales 11,932 27,363 $ 12,903
Gross gains on sales 45 1,152 862
Gross losses on sales (663) (195) (41)
Net (increase) decrease in Allowance for Credit and Intent to Sell losses 247 16 13
Fixed Maturities - Credit Loss Impairments      
Balance, beginning of period 44 32 21
Previously recognized impairments on securities that matured, paid, prepaid or sold 263 4 2
Recognized impairments on securities impaired to fair value this period 246 0 0
Credit losses recognized this period on securities for which credit losses were not previously recognized 0 9 6
Additional credit losses this period on securities previously impaired 9 7 7
Increases due to passage of time on previously recorded credit losses 0 0 0
Accretion of previously recognized impairments due to increases in expected cash flows (for OTTI securities 2019 and prior) 0 0 0
Balance, end of period 36 44 $ 32
Global Atlantic Transaction      
Fixed Maturities Proceeds Gross Gains And Gross Losses From Sales And Other Than Temporary Impairments      
Net (increase) decrease in Allowance for Credit and Intent to Sell losses (245)    
Corporate      
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost 50,712 50,172  
Allowance for Credit Losses 24 22  
Gross Unrealized Gains 89 2,601  
Gross Unrealized Losses 7,206 240  
Fair Value 43,571 52,511  
Fair Value      
Fair Value 43,571 52,511  
U.S. government, agencies and authorities      
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost 7,054 13,056  
Allowance for Credit Losses 0 0  
Gross Unrealized Gains 1 2,344  
Gross Unrealized Losses 1,218 15  
Fair Value 5,837 15,385  
Fair Value      
Fair Value 5,837 15,385  
States and political subdivisions      
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost 609 586  
Allowance for Credit Losses 0 0  
Gross Unrealized Gains 7 78  
Gross Unrealized Losses 89 2  
Fair Value 527 662  
Fair Value      
Fair Value 527 662  
Foreign governments      
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost 985 1,124  
Allowance for Credit Losses 0 0  
Gross Unrealized Gains 2 42  
Gross Unrealized Losses 151 14  
Fair Value 836 1,152  
Fair Value      
Fair Value 836 1,152  
Residential Mortgage-Backed      
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost 908 90  
Allowance for Credit Losses 0 0  
Gross Unrealized Gains 1 8  
Gross Unrealized Losses 87 0  
Fair Value 822 98  
Amortized Cost (Less Allowance for Credit Losses)      
Without single maturity date 908    
Fair Value      
Without single maturity date 822    
Fair Value 822 98  
Asset-backed      
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost 8,859 5,933  
Allowance for Credit Losses 0 0  
Gross Unrealized Gains 4 21  
Gross Unrealized Losses 373 20  
Fair Value 8,490 5,934  
Amortized Cost (Less Allowance for Credit Losses)      
Without single maturity date 8,859    
Fair Value      
Without single maturity date 8,490    
Fair Value 8,490 5,934  
Commercial mortgage-backed      
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost 3,823 2,427  
Allowance for Credit Losses 0 0  
Gross Unrealized Gains 0 19  
Gross Unrealized Losses 588 25  
Fair Value 3,235 2,421  
Amortized Cost (Less Allowance for Credit Losses)      
Without single maturity date 3,823    
Fair Value      
Without single maturity date 3,235    
Fair Value 3,235 2,421  
Redeemable preferred stock      
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost 41 41  
Allowance for Credit Losses 0 0  
Gross Unrealized Gains 2 12  
Gross Unrealized Losses 0 0  
Fair Value 43 53  
Amortized Cost (Less Allowance for Credit Losses)      
Without single maturity date 41    
Fair Value      
Without single maturity date 43    
Fair Value $ 43 $ 53