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v3.19.2

Fair Value Measurements - Changes in balances of Level 3 financial assets carried at fair value (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2018
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | $ 3,685 | $ 2,600 | $ 2,290 | $ 3,521 | $ 2,290
Total realized/unrealized gains (losses) included in Net income | 4 | 14 |  | 8 | 1
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 25 | (11) |  | 64 | (23)
Purchases and issuances | 265 | 397 |  | 773 | 863
Sales and settlements | (187) | (73) |  | (398) | (152)
Transfer into Level 3 | 41 | 51 |  | 57 | 87
Transfer out of Level 3 | (727) | (41) |  | (919) | (129)
Financial assets, Ending Balance | 3,106 | 2,937 | 2,600 | 3,106 | 2,937
Fixed maturities |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 3,311 | 2,382 | 2,102 | 3,164 | 2,102
Total realized/unrealized gains (losses) included in Net income | 6 | (2) |  | 10 | (8)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 25 | (11) |  | 64 | (23)
Purchases and issuances | 246 | 379 |  | 753 | 833
Sales and settlements | (186) | (73) |  | (397) | (148)
Transfer into Level 3 | 35 | 50 |  | 35 | 57
Transfer out of Level 3 | (727) | (41) |  | (919) | (129)
Financial assets, Ending Balance | 2,710 | 2,684 | 2,382 | 2,710 | 2,684
U.S. government agency |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 8 | 8 | 8 | 9 | 8
Total realized/unrealized gains (losses) included in Net income | 0 | 0 |  | 0 | 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 0 |  | 0 | 0
Purchases and issuances | 0 | 0 |  | 0 | 0
Sales and settlements | 0 | 0 |  | (1) | 0
Transfer into Level 3 | 0 | 0 |  | 0 | 0
Transfer out of Level 3 | 0 | 0 |  | 0 | 0
Financial assets, Ending Balance | 8 | 8 | 8 | 8 | 8
State and municipal |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 63 | 62 | 148 | 59 | 148
Total realized/unrealized gains (losses) included in Net income | 0 | 0 |  | 0 | 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 2 | (1) |  | 7 | (2)
Purchases and issuances | 0 | 0 |  | 0 | 0
Sales and settlements | (1) | 0 |  | (2) | (1)
Transfer into Level 3 | 18 | 0 |  | 18 | 0
Transfer out of Level 3 | 0 | 0 |  | 0 | (84)
Financial assets, Ending Balance | 82 | 61 | 62 | 82 | 61
Residential MBS |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 169 | 115 | 122 | 197 | 122
Total realized/unrealized gains (losses) included in Net income | 4 | (3) |  | 9 | (7)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 0 |  | (5) | 0
Purchases and issuances | 0 | 0 |  | 0 | 0
Sales and settlements | (4) | (5) |  | (10) | (11)
Transfer into Level 3 | 2 | 50 |  | 2 | 57
Transfer out of Level 3 | (32) | (10) |  | (54) | (14)
Financial assets, Ending Balance | 139 | 147 | 115 | 139 | 147
Commercial MBS |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 55 | 47 | 36 | 56 | 36
Total realized/unrealized gains (losses) included in Net income | 2 | 0 |  | 2 | (1)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 0 |  | 0 | 0
Purchases and issuances | 0 | 9 |  | 0 | 21
Sales and settlements | (2) | 0 |  | (3) | 0
Transfer into Level 3 | 0 | 0 |  | 0 | 0
Transfer out of Level 3 | (5) | 0 |  | (5) | 0
Financial assets, Ending Balance | 50 | 56 | 47 | 50 | 56
Collateralized loan obligations |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 37 | 181 | 180 | 116 | 180
Total realized/unrealized gains (losses) included in Net income | 0 | 0 |  | (3) | (2)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | (4) |  | 6 | (1)
Purchases and issuances | 0 | 35 |  | 0 | 35
Sales and settlements | 0 | 0 |  | 0 | 0
Transfer into Level 3 | 13 | 0 |  | 13 | 0
Transfer out of Level 3 | 0 | 0 |  | (82) | 0
Financial assets, Ending Balance | 50 | 212 | 181 | 50 | 212
Other asset-backed securities |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 633 | 731 | 564 | 731 | 564
Total realized/unrealized gains (losses) included in Net income | 0 | 0 |  | 0 | 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 3 | (2) |  | 5 | (2)
Purchases and issuances | 17 | 101 |  | 92 | 305
Sales and settlements | (18) | (20) |  | (132) | (57)
Transfer into Level 3 | 0 | 0 |  | 0 | 0
Transfer out of Level 3 | (268) | (18) |  | (329) | (18)
Financial assets, Ending Balance | 367 | 792 | 731 | 367 | 792
Corporate and other |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 2,346 | 1,238 | 1,044 | 1,996 | 1,044
Total realized/unrealized gains (losses) included in Net income | 0 | 1 |  | 2 | 2
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 20 | (4) |  | 51 | (18)
Purchases and issuances | 229 | 234 |  | 661 | 472
Sales and settlements | (161) | (48) |  | (249) | (79)
Transfer into Level 3 | 2 | 0 |  | 2 | 0
Transfer out of Level 3 | (422) | (13) |  | (449) | (13)
Financial assets, Ending Balance | 2,014 | 1,408 | 1,238 | 2,014 | 1,408
Equity securities |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 354 | 194 | 165 | 336 | 165
Total realized/unrealized gains (losses) included in Net income | (1) | 19 |  | 0 | 14
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 0 |  | 0 | 0
Purchases and issuances | 19 | 16 |  | 20 | 25
Sales and settlements | (1) | 0 |  | (1) | (4)
Transfer into Level 3 | 6 | 1 | 29 | 22 | 30
Transfer out of Level 3 | 0 | 0 |  | 0 | 0
Financial assets, Ending Balance | 377 | 230 | 194 | 377 | 230
Assets of MIE |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 20 | 24 | 23 | 21 | 23
Total realized/unrealized gains (losses) included in Net income | (1) | (3) |  | (2) | (5)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 0 |  | 0 | 0
Purchases and issuances | 0 | 2 |  | 0 | 5
Sales and settlements | 0 | 0 |  | 0 | 0
Transfer into Level 3 | 0 | 0 |  | 0 | 0
Transfer out of Level 3 | 0 | 0 |  | 0 | 0
Financial assets, Ending Balance | $ 19 | $ 23 | $ 24 | $ 19 | $ 23

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