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Fair Value of Financial Instruments - Schedule of Carrying Amount and Fair Value of Financial Instruments (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Jun. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Dec. 31, 2022
Financial assets:            
Equity securities: $ 1,522   $ 1,404      
Policy loans 277   390      
Short-term investments 3,674   2,397      
Derivative assets $ 1,900   $ 227      
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other invested assets   Other invested assets      
Other assets – market risk benefit assets $ 758   $ 34      
Separate account assets 1,302   1,189      
Financial liabilities:            
Market risk benefits 3,725   34      
Derivative liabilities 38   0      
Separate account liabilities 1,302 $ 1,266 1,189 $ 1,090 $ 1,145 $ 1,045
Certain private equity measured at cost less any impairments 0   424      
Other invested assets 1,142   120      
Separate accounts not subject to fair value hierarchy 22   26      
Carrying Amount            
Financial assets:            
Available-for-sale fixed maturity securities 45,683   12,877      
Equity securities: 1,522   1,404      
Policy loans 277   390      
Short-term investments 3,674   2,397      
Real estate partnerships 974   0      
Derivative assets 1,886   227      
Collaterals received on derivatives (excluding excess collateral) (1,825)   (226)      
Separately managed accounts 98   105      
Other 983   14      
Cash and cash equivalents 13,873   3,192      
Reinsurance recoverables and deposit assets 14,527   0      
Other assets – market risk benefit assets 758   34      
Separate account assets 1,302   1,189      
Total financial assets 98,323   27,455      
Financial liabilities:            
Policyholders’ account balances – embedded derivative 1,771   873      
Market risk benefits 3,725   34      
Derivative liabilities 26   0      
Funds withheld for reinsurance liabilities 278   0      
Notes payable 179   174      
Long term borrowings 2,959   1,493      
Separate account liabilities 1,302   1,189      
Total financial liabilities 10,240   3,763      
Carrying Amount | Mortgage loans on real estate, at amortized cost            
Financial assets:            
Mortgage loans on real estate, net of allowance/Private loans, net of allowance 11,866   5,658      
Carrying Amount | Private loans            
Financial assets:            
Mortgage loans on real estate, net of allowance/Private loans, net of allowance 2,725   194      
Fair Value            
Financial assets:            
Available-for-sale fixed maturity securities 45,683   12,877      
Equity securities: 1,522   1,404      
Policy loans 277   390      
Short-term investments 3,674   2,397      
Real estate partnerships 974   0      
Derivative assets 1,886   227      
Collaterals received on derivatives (excluding excess collateral) (1,825)   (226)      
Separately managed accounts 98   105      
Other 983   14      
Cash and cash equivalents 13,873   3,192      
Reinsurance recoverables and deposit assets 13,463   0      
Other assets – market risk benefit assets 758   34      
Separate account assets 1,302   1,189      
Total financial assets 97,176   27,202      
Financial liabilities:            
Policyholders’ account balances – embedded derivative 1,771   873      
Market risk benefits 3,725   34      
Derivative liabilities 26   0      
Funds withheld for reinsurance liabilities 278   0      
Notes payable 179   174      
Long term borrowings 2,991   1,493      
Separate account liabilities 1,302   1,189      
Total financial liabilities 10,272   3,763      
Fair Value | Mortgage loans on real estate, at amortized cost            
Financial assets:            
Mortgage loans on real estate, net of allowance/Private loans, net of allowance 11,783   5,405      
Fair Value | Private loans            
Financial assets:            
Mortgage loans on real estate, net of allowance/Private loans, net of allowance 2,725   194      
Portion at Other than Fair Value Measurement            
Financial liabilities:            
Other invested assets $ 427   $ 14