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v3.21.1

Fair Value of Financial Instruments (Carrying and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Millions | Mar. 31, 2021 | Dec. 31, 2020
--- | --- | ---
Assets |  |
Fixed maturity AFS securities | $ 117,313 | $ 123,044
Trading securities | 4,365 | 4,501
Equity securities | 123 | 129
Mortgage loans on real estate | 17,255 | 16,763
Derivative investments | 3,453 | 3,109
Other investments | 3,548 | 3,984
Carrying Value [Member] |  |
Assets |  |
Trading securities | 4,365 | 4,501
Equity securities | 123 | 129
Mortgage loans on real estate | 17,255 | 16,763
Derivative investments | 3,453 | 3,109
Other investments | 3,538 | 3,974
Cash and invested cash | 1,350 | 1,708
Separate account assets | 171,339 | 167,965
Future contract benefits: |  |
Indexed annuity and IUL contracts embedded derivatives | (4,170) | (3,594)
Other contract holder funds: |  |
Remaining guaranteed interest and similar contracts | (1,860) | (1,854)
Account values of certain investment contracts | (40,681) | (40,947)
Short-term debt | (300) |
Long-term debt | (6,294) | (6,682)
Reinsurance related embedded derivatives | (244) | (392)
Fair Value [Member] |  |
Assets |  |
Trading securities | 4,365 | 4,501
Equity securities | 123 | 129
Mortgage loans on real estate | 18,076 | 18,219
Derivative investments | 3,453 | 3,109
Other investments | 3,538 | 3,974
Cash and invested cash | 1,350 | 1,708
Separate account assets | 171,339 | 167,965
Future contract benefits: |  |
Indexed annuity and IUL contracts embedded derivatives | (4,170) | (3,594)
Other contract holder funds: |  |
Remaining guaranteed interest and similar contracts | (1,860) | (1,854)
Account values of certain investment contracts | (41,722) | (49,745)
Short-term debt | (311) |
Long-term debt | (6,501) | (7,067)
Reinsurance related embedded derivatives | (244) | (392)
Fixed Maturity AFS Securities [Member] | Carrying Value [Member] |  |
Assets |  |
Fixed maturity AFS securities | 117,313 | 123,044
Fixed Maturity AFS Securities [Member] | Fair Value [Member] |  |
Assets |  |
Fixed maturity AFS securities | 117,313 | 123,044
Other Assets [Member] | Carrying Value [Member] |  |
Assets |  |
Indexed annuity ceded embedded derivatives | 527 | 550
Other Assets [Member] | Fair Value [Member] |  |
Assets |  |
Indexed annuity ceded embedded derivatives | 527 | 550
Other Assets [Member] | GLB Direct Embedded Derivatives [Member] | Carrying Value [Member] |  |
Assets |  |
Other assets - GLB embedded derivatives | 1,831 | 450
Other Assets [Member] | GLB Direct Embedded Derivatives [Member] | Fair Value [Member] |  |
Assets |  |
Other assets - GLB embedded derivatives | 1,831 | 450
Other Assets [Member] | GLB Ceded Embedded Derivatives [Member] | Carrying Value [Member] |  |
Assets |  |
Other assets - GLB embedded derivatives | 42 | 82
Other Assets [Member] | GLB Ceded Embedded Derivatives [Member] | Fair Value [Member] |  |
Assets |  |
Other assets - GLB embedded derivatives | 42 | 82
Other Liabilities [Member] | Carrying Value [Member] |  |
Other contract holder funds: |  |
Other liabilities - derivative liabilities | (428) | (906)
Other Liabilities [Member] | Fair Value [Member] |  |
Other contract holder funds: |  |
Other liabilities - derivative liabilities | (428) | $ (906)
Other Liabilities [Member] | GLB Ceded Embedded Derivatives [Member] | Carrying Value [Member] |  |
Other contract holder funds: |  |
Other liabilities - GLB embedded derivatives | (152) |
Other Liabilities [Member] | GLB Ceded Embedded Derivatives [Member] | Fair Value [Member] |  |
Other contract holder funds: |  |
Other liabilities - GLB embedded derivatives | $ (152) |

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