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v3.22.1

Fair Value of Financial Instruments (Carrying and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Assets |  |
Fixed maturity AFS securities | $ 110,695 | $ 118,746
Trading securities | 4,385 | 4,482
Equity securities | 346 | 318
Mortgage loans on real estate | 17,892 | 17,991
Derivative investments | 4,840 | 5,437
Other investments | 4,127 | 4,292
Carrying Value [Member] |  |
Assets |  |
Trading securities | 4,385 | 4,482
Equity securities | 346 | 318
Mortgage loans on real estate | 17,892 | 17,991
Derivative investments | 4,840 | 5,437
Other investments | 4,118 | 4,284
Cash and invested cash | 1,960 | 2,612
Separate account assets | 168,879 | 182,583
Future contract benefits: |  |
Indexed annuity and IUL contracts embedded derivatives | (5,574) | (6,131)
Other contract holder funds: |  |
Remaining guaranteed interest and similar contracts | (1,815) | (1,788)
Account values of certain investment contracts | (41,276) | (41,194)
Short-term debt |  | (300)
Long-term debt | (6,561) | (6,325)
Reinsurance related embedded derivatives |  | (206)
Fair Value [Member] |  |
Assets |  |
Trading securities | 4,385 | 4,482
Equity securities | 346 | 318
Mortgage loans on real estate | 17,633 | 18,700
Derivative investments | 4,840 | 5,437
Other investments | 4,118 | 4,284
Cash and invested cash | 1,960 | 2,612
Separate account assets | 168,879 | 182,583
Future contract benefits: |  |
Indexed annuity and IUL contracts embedded derivatives | (5,574) | (6,131)
Other contract holder funds: |  |
Remaining guaranteed interest and similar contracts | (1,815) | (1,788)
Account values of certain investment contracts | (41,752) | (47,862)
Short-term debt |  | (302)
Long-term debt | (6,365) | (6,707)
Reinsurance related embedded derivatives |  | (206)
Fixed Maturity AFS Securities [Member] | Carrying Value [Member] |  |
Assets |  |
Fixed maturity AFS securities | 110,695 | 118,746
Fixed Maturity AFS Securities [Member] | Fair Value [Member] |  |
Assets |  |
Fixed maturity AFS securities | 110,695 | 118,746
Other Assets [Member] | Carrying Value [Member] |  |
Assets |  |
Indexed annuity ceded embedded derivatives | 493 | 528
Other Assets [Member] | Fair Value [Member] |  |
Assets |  |
Indexed annuity ceded embedded derivatives | 493 | 528
Other Assets [Member] | GLB Direct Embedded Derivatives [Member] | Carrying Value [Member] |  |
Assets |  |
Other assets - GLB embedded derivatives | 1,880 | 1,963
Other Assets [Member] | GLB Direct Embedded Derivatives [Member] | Fair Value [Member] |  |
Assets |  |
Other assets - GLB embedded derivatives | 1,880 | 1,963
Other Assets [Member] | GLB Ceded Embedded Derivatives [Member] | Carrying Value [Member] |  |
Assets |  |
Other assets - GLB embedded derivatives | 42 | 56
Other Assets [Member] | GLB Ceded Embedded Derivatives [Member] | Fair Value [Member] |  |
Assets |  |
Other assets - GLB embedded derivatives | 42 | 56
Other Assets [Member] | Reinsurance Related Embedded Derivatives [Member] | Carrying Value [Member] |  |
Assets |  |
Reinsurance related embedded derivatives | 56 |
Other Assets [Member] | Reinsurance Related Embedded Derivatives [Member] | Fair Value [Member] |  |
Assets |  |
Reinsurance related embedded derivatives | 56 |
Other Liabilities [Member] | Carrying Value [Member] |  |
Other contract holder funds: |  |
Other liabilities - derivative liabilities | (408) | (677)
Other Liabilities [Member] | Fair Value [Member] |  |
Other contract holder funds: |  |
Other liabilities - derivative liabilities | (408) | (677)
Other Liabilities [Member] | GLB Ceded Embedded Derivatives [Member] | Carrying Value [Member] |  |
Other contract holder funds: |  |
Other liabilities - GLB embedded derivatives | (174) | (182)
Other Liabilities [Member] | GLB Ceded Embedded Derivatives [Member] | Fair Value [Member] |  |
Other contract holder funds: |  |
Other liabilities - GLB embedded derivatives | $ (174) | $ (182)

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