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v3.20.2

Fair Value of Financial Instruments (Fair Value Measured On A Recurring Basis Reconciliation) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | $ 2,126 | $ 4,258 | $ 5,141 | $ 4,014
Items Included in Net Income | 2,541 | (552) | (382) | (1,296)
Gains (Losses) in OCI and Other | 200 | 73 | 282 | 290
Issuances, Sales, Maturities, Settlements, Calls, Net | (644) | 393 | (847) | 1,603
Transfers Into or Out of Level 3, Net | (327) | (235) | (298) | (674)
Ending Fair Value | 3,896 | 3,937 | 3,896 | 3,937
Corporate Bonds [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 4,344 | 3,648 | 4,281 | 3,269
Items Included in Net Income | (7) | 3 | (7) | 3
Gains (Losses) in OCI and Other | 197 | (49) | 17 | 45
Issuances, Sales, Maturities, Settlements, Calls, Net | 30 | 256 | 181 | 627
Transfers Into or Out of Level 3, Net | (12) | 51 | 80 | (35)
Ending Fair Value | 4,552 | 3,909 | 4,552 | 3,909
U.S. Government Bonds [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 5 |  | 5 |
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  |  |
Transfers Into or Out of Level 3, Net | (5) |  | (5) |
Foreign Government Bonds [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 86 | 113 | 90 | 109
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other |  | 2 | (4) | 6
Issuances, Sales, Maturities, Settlements, Calls, Net | (20) |  | (20) |
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 66 | 115 | 66 | 115
RMBS [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 2 |  | 11 | 7
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  | 10 |  | 10
Transfers Into or Out of Level 3, Net |  |  | (9) | (7)
Ending Fair Value | 2 | 10 | 2 | 10
CMBS [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 1 | 2 | 1 | 2
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  | 7 |  | 7
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 1 | 9 | 1 | 9
ABS [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 424 | 320 | 268 | 134
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other | 2 | 1 | 3 | 2
Issuances, Sales, Maturities, Settlements, Calls, Net | 60 | 69 | 318 | 477
Transfers Into or Out of Level 3, Net | (73) | (173) | (176) | (396)
Ending Fair Value | 413 | 217 | 413 | 217
Hybrid And Redeemable Preferred Securities [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 90 | 78 | 78 | 75
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other | 1 |  | (1) | 3
Issuances, Sales, Maturities, Settlements, Calls, Net | 14 |  | 10 |
Transfers Into or Out of Level 3, Net |  |  | 18 |
Ending Fair Value | 105 | 78 | 105 | 78
Trading Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 673 | 523 | 666 | 67
Items Included in Net Income | 3 | 10 | (1) | 12
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | (120) | 146 | (140) | 723
Transfers Into or Out of Level 3, Net | (21) | (113) | 10 | (236)
Ending Fair Value | 535 | 566 | 535 | 566
Equity Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 29 | 68 | 30 | 25
Items Included in Net Income | 2 | (11) | 1 | (11)
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | 20 | (3) | 20 | 40
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 51 | 54 | 51 | 54
Derivative Investments [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 595 | 466 | 868 | 534
Items Included in Net Income | 958 | 184 | 555 | (128)
Gains (Losses) in OCI and Other |  | 119 | 267 | 234
Issuances, Sales, Maturities, Settlements, Calls, Net | (189) | 22 | (326) | 151
Transfers Into or Out of Level 3, Net | (216) |  | (216) |
Ending Fair Value | 1,148 | 791 | 1,148 | 791
GLB Direct Embedded Derivatives [Member] | Other Assets [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value |  |  | 450 | 123
Items Included in Net Income |  |  | (450) | (123)
GLB Direct Embedded Derivatives [Member] | Other Liabilities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | (3,086) | (1) |  |
Items Included in Net Income | 1,980 | (845) | (1,106) |
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  |  |
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | (1,106) | (846) | (1,106) | (846)
GLB Ceded Embedded Derivatives [Member] | Other Assets [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 571 | 111 | 60 | 72
Items Included in Net Income | (290) | 130 | 221 | 169
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  |  |
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 281 | 241 | 281 | 241
GLB Ceded Embedded Derivatives [Member] | Other Liabilities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value |  |  | (9) |
Items Included in Net Income |  |  | 9 | (846)
Ending Fair Value |  | (846) |  | (846)
Indexed Annuity Ceded Embedded Derivatives [Member] | Other Assets [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 664 | 903 | 927 | 902
Items Included in Net Income | 295 | 7 | 484 | 128
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | (423) | (19) | (875) | (139)
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 536 | 891 | 536 | 891
Indexed Annuity And IUL Contracts [Member] | Future Contract Benefits [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | (2,272) | (1,973) | (2,585) | (1,305)
Items Included in Net Income | (400) | (30) | (88) | (500)
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | (16) | (95) | (15) | (293)
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | $ (2,688) | $ (2,098) | $ (2,688) | $ (2,098)

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