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v3.22.2.2

Fair Value Measurements - Changes in balances of Level 3 financial assets carried at fair value (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Financial assets, Beginning Balance | $ 983 | $ 865 | $ 926 | $ 3,706 |  |  |
Total realized/unrealized gains (losses) included in Net income | (4) | 5 | 18 | 161 |  |  |
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | (20) | (1) | (53) | (23) |  |  |
Purchases and issuances | 74 | 98 | 243 | 535 |  |  |
Sales and settlements | (29) | (52) | (88) | (496) |  |  |
Transfer into Level 3 | 4 | 10 | 43 | 66 |  |  |
Transfer out of Level 3 | (6) | (27) | (87) | (332) |  |  |
Sale of annuity business |  |  |  | (2,719) |  |  |
Financial assets, Ending Balance | 1,002 | 898 | 1,002 | 898 |  |  |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | (25) | 0 | (25) | 0 | $ (23) | $ (23) | $ (3,933)
Contingent consideration — acquisitions |  |  |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | (25) |  | (25) |  | $ (23) | $ (23) |
Fixed maturities |  |  |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Financial assets, Beginning Balance | 593 | 605 | 600 | 538 |  |  |
Total realized/unrealized gains (losses) included in Net income | (1) | 0 | 1 | (3) |  |  |
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | (20) | (1) | (53) | (2) |  |  |
Purchases and issuances | 50 | 77 | 167 | 279 |  |  |
Sales and settlements | (14) | (48) | (68) | (145) |  |  |
Transfer into Level 3 | 4 | 10 | 40 | 33 |  |  |
Transfer out of Level 3 | (5) | (25) | (80) | (82) |  |  |
Sale of annuity business |  |  |  | 0 |  |  |
Financial assets, Ending Balance | 607 | 618 | 607 | 618 |  |  |
U.S. government agency |  |  |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Financial assets, Beginning Balance | 0 | 0 | 0 | 0 |  |  |
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 | 0 | 0 |  |  |
Transfer into Level 3 | 0 | 0 | 0 | 0 |  |  |
Transfer out of Level 3 | 0 | 0 | 0 | 0 |  |  |
Sale of annuity business |  |  |  | 0 |  |  |
Financial assets, Ending Balance | 0 | 0 | 0 | 0 |  |  |
State and municipal |  |  |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Financial assets, Beginning Balance | 1 | 36 | 41 | 39 |  |  |
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 | (3) | 0 |  |  |
Purchases and issuances | 0 | 0 | 0 | 0 |  |  |
Sales and settlements | 0 | 0 | (1) | (3) |  |  |
Transfer into Level 3 | 0 | 8 | 0 | 8 |  |  |
Transfer out of Level 3 | 0 | (2) | (36) | (2) |  |  |
Sale of annuity business |  |  |  | 0 |  |  |
Financial assets, Ending Balance | 1 | 42 | 1 | 42 |  |  |
Residential MBS |  |  |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Financial assets, Beginning Balance | 8 | 28 | 14 | 38 |  |  |
Total realized/unrealized gains (losses) included in Net income | 0 | (1) | 0 | (4) |  |  |
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 0 | 0 | 0 |  |  |
Purchases and issuances | 0 | 0 | 0 | 6 |  |  |
Sales and settlements | 0 | (1) | (1) | (2) |  |  |
Transfer into Level 3 | 4 | 0 | 4 | 6 |  |  |
Transfer out of Level 3 | (4) | (8) | (9) | (26) |  |  |
Sale of annuity business |  |  |  | 0 |  |  |
Financial assets, Ending Balance | 8 | 18 | 8 | 18 |  |  |
Commercial MBS |  |  |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Financial assets, Beginning Balance | 0 | 0 | 0 | 2 |  |  |
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 | 0 | 0 |  |  |
Transfer into Level 3 | 0 | 0 | 0 | 0 |  |  |
Transfer out of Level 3 | 0 | 0 | 0 | (2) |  |  |
Sale of annuity business |  |  |  | 0 |  |  |
Financial assets, Ending Balance | 0 | 0 | 0 | 0 |  |  |
Collateralized loan obligations |  |  |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Financial assets, Beginning Balance | 2 | 6 | 0 | 16 |  |  |
Total realized/unrealized gains (losses) included in Net income | 0 | 0 | 0 | 1 |  |  |
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 1 | 0 | 0 |  |  |
Purchases and issuances | 0 | 0 | 0 | 0 |  |  |
Sales and settlements | 0 | 0 | 0 | (1) |  |  |
Transfer into Level 3 | 0 | 0 | 2 | 0 |  |  |
Transfer out of Level 3 | 0 | (6) | 0 | (15) |  |  |
Sale of annuity business |  |  |  | 0 |  |  |
Financial assets, Ending Balance | 2 | 1 | 2 | 1 |  |  |
Other asset-backed securities |  |  |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Financial assets, Beginning Balance | 313 | 315 | 278 | 305 |  |  |
Total realized/unrealized gains (losses) included in Net income | 0 | 1 | 2 | 1 |  |  |
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | (8) | (1) | (24) | 0 |  |  |
Purchases and issuances | 5 | 41 | 62 | 131 |  |  |
Sales and settlements | (9) | (38) | (51) | (110) |  |  |
Transfer into Level 3 | 0 | 0 | 34 | 14 |  |  |
Transfer out of Level 3 | 0 | (9) | 0 | (32) |  |  |
Sale of annuity business |  |  |  | 0 |  |  |
Financial assets, Ending Balance | 301 | 309 | 301 | 309 |  |  |
Corporate and other |  |  |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Financial assets, Beginning Balance | 269 | 220 | 267 | 138 |  |  |
Total realized/unrealized gains (losses) included in Net income | (1) | 0 | (1) | (1) |  |  |
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | (12) | (1) | (26) | (2) |  |  |
Purchases and issuances | 45 | 36 | 105 | 142 |  |  |
Sales and settlements | (5) | (9) | (15) | (29) |  |  |
Transfer into Level 3 | 0 | 2 | 0 | 5 |  |  |
Transfer out of Level 3 | (1) | 0 | (35) | (5) |  |  |
Sale of annuity business |  |  |  | 0 |  |  |
Financial assets, Ending Balance | 295 | 248 | 295 | 248 |  |  |
Equity securities |  |  |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Financial assets, Beginning Balance | 378 | 245 | 313 | 176 |  |  |
Total realized/unrealized gains (losses) included in Net income | (2) | 7 | 20 | 78 |  |  |
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 0 | 0 | 0 |  |  |
Purchases and issuances | 24 | 20 | 75 | 44 |  |  |
Sales and settlements | (15) | (4) | (20) | (23) |  |  |
Transfer into Level 3 | 0 | 0 | 3 | 0 |  |  |
Transfer out of Level 3 | (1) | 0 | (7) | (7) |  |  |
Sale of annuity business |  |  |  | 0 |  |  |
Financial assets, Ending Balance | 384 | 268 | 384 | 268 |  |  |
Assets of MIE |  |  |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Financial assets, Beginning Balance | 12 | 15 | 13 | 21 |  |  |
Total realized/unrealized gains (losses) included in Net income | (1) | (2) | (3) | 1 |  |  |
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 0 | 0 | 0 |  |  |
Purchases and issuances | 0 | 1 | 1 | 3 |  |  |
Sales and settlements | 0 | 0 | 0 | 0 |  |  |
Transfer into Level 3 | 0 | 0 | 0 | 1 |  |  |
Transfer out of Level 3 | 0 | (2) | 0 | (14) |  |  |
Sale of annuity business |  |  |  | 0 |  |  |
Financial assets, Ending Balance | $ 11 | 12 | $ 11 | 12 |  |  |
Assets of discontinued annuity operations | Annuity subsidiaries |  |  |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |  |  |
Financial assets, Beginning Balance |  |  |  | 2,971 |  |  |
Total realized/unrealized gains (losses) included in Net income |  |  |  | 85 |  |  |
Total realized/unrealized gains (losses) included in other comprehensive income (loss) |  |  |  | (21) |  |  |
Purchases and issuances |  |  |  | 209 |  |  |
Sales and settlements |  |  |  | (328) |  |  |
Transfer into Level 3 |  |  |  | 32 |  |  |
Transfer out of Level 3 |  |  |  | (229) |  |  |
Sale of annuity business |  |  |  | (2,719) |  |  |
Financial assets, Ending Balance |  | $ 0 |  | $ 0 |  |  |

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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
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- Definition Amount of gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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