Fair Value Measurements - Assets and liabilities measured at fair value on a recurring basis (Details) - USD ($)
|
Dec. 31, 2023 |
Dec. 31, 2022 |
Jan. 01, 2021 |
Dec. 31, 2020 |
| Assets: |
|
|
|
|
|
| Bonds available for sale |
[1] |
$ 231,733,000,000
|
$ 226,156,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
[1] |
5,241,000,000
|
4,485,000,000
|
|
|
| Equity securities |
[1] |
728,000,000
|
575,000,000
|
|
|
| Derivative assets |
|
6,595,000,000
|
6,049,000,000
|
|
|
| Counterparty netting |
|
(3,864,000,000)
|
(3,895,000,000)
|
|
|
| Cash Collateral |
|
$ (2,220,000,000)
|
$ (1,640,000,000)
|
|
|
| Derivative Asset, Statement of Financial Position [Extensible Enumeration] |
|
Other assets
|
Other assets
|
|
|
| Total derivative assets |
|
$ 511,000,000
|
$ 514,000,000
|
|
|
| Short-term investments |
[1] |
17,200,000,000
|
12,376,000,000
|
|
|
| Market risk benefit assets, at fair value |
|
912,000,000
|
796,000,000
|
$ 338,000,000
|
$ 338,000,000
|
| Separate account assets |
|
91,005,000,000
|
84,853,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Policyholder contract deposits |
|
161,979,000,000
|
155,984,000,000
|
148,223,000,000
|
|
| Market risk benefit liabilities, at fair value |
|
5,705,000,000
|
4,736,000,000
|
$ 8,739,000,000
|
$ 8,739,000,000
|
| Derivative liabilities |
|
5,309,000,000
|
6,043,000,000
|
|
|
| Counterparty netting |
|
(3,864,000,000)
|
(3,895,000,000)
|
|
|
| Cash Collateral |
|
$ (1,050,000,000)
|
$ (1,917,000,000)
|
|
|
| Derivative Liability, Statement of Financial Position [Extensible Enumeration] |
|
Other liabilities(c)
|
Other liabilities(c)
|
|
|
| Total derivative liabilities |
|
$ 395,000,000
|
$ 231,000,000
|
|
|
| Fortitude Re funds withheld payable |
|
(29,484,000,000)
|
(30,383,000,000)
|
|
|
| Fair Value Using NAV Per Share (or its equivalent) |
|
11,320,000,000
|
11,809,000,000
|
|
|
| Short-term and long-term debt |
|
22,387,000,000
|
27,179,000,000
|
|
|
| Estimated Fair Value |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Short-term investments |
|
6,428,000,000
|
6,668,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Fortitude Re funds withheld payable |
|
(30,710,000,000)
|
(32,618,000,000)
|
|
|
| Carrying Value |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Short-term investments |
|
6,428,000,000
|
6,668,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Fortitude Re funds withheld payable |
|
(30,710,000,000)
|
(32,618,000,000)
|
|
|
| Consolidated Entities, Excluding Consolidated Investments |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Short-term and long-term debt |
|
19,796,000,000
|
21,299,000,000
|
|
|
| Consolidated Entities, Excluding Consolidated Investments | Estimated Fair Value |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Short-term and long-term debt |
|
18,862,000,000
|
19,603,000,000
|
|
|
| Consolidated Entities, Excluding Consolidated Investments | Carrying Value |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Short-term and long-term debt |
|
19,743,000,000
|
21,243,000,000
|
|
|
| Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Short-term and long-term debt |
[1] |
2,591,000,000
|
5,880,000,000
|
|
|
| Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary | Estimated Fair Value |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Debt |
|
2,569,000,000
|
5,533,000,000
|
|
|
| Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary | Carrying Value |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Debt |
|
2,591,000,000
|
5,880,000,000
|
|
|
| U.S. government and government sponsored entities |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
5,616,000,000
|
6,619,000,000
|
|
|
| Obligations of states, municipalities and political subdivisions |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
10,663,000,000
|
12,099,000,000
|
|
|
| Non-U.S. governments |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
12,453,000,000
|
13,485,000,000
|
|
|
| Corporate debt |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
138,432,000,000
|
137,839,000,000
|
|
|
| RMBS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
20,444,000,000
|
18,817,000,000
|
|
|
| CMBS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
14,128,000,000
|
14,193,000,000
|
|
|
| CLO/ABS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
29,997,000,000
|
23,104,000,000
|
|
|
| Level 1 | Estimated Fair Value |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Short-term investments |
|
0
|
0
|
|
|
| Liabilities: |
|
|
|
|
|
| Fortitude Re funds withheld payable |
|
0
|
0
|
|
|
| Level 1 | Consolidated Entities, Excluding Consolidated Investments | Estimated Fair Value |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Short-term and long-term debt |
|
0
|
0
|
|
|
| Level 1 | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary | Estimated Fair Value |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Debt |
|
0
|
0
|
|
|
| Level 2 | Estimated Fair Value |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Short-term investments |
|
6,428,000,000
|
6,668,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Fortitude Re funds withheld payable |
|
0
|
0
|
|
|
| Level 2 | Consolidated Entities, Excluding Consolidated Investments | Estimated Fair Value |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Short-term and long-term debt |
|
18,595,000,000
|
19,328,000,000
|
|
|
| Level 2 | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary | Estimated Fair Value |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Debt |
|
43,000,000
|
3,055,000,000
|
|
|
| Level 3 |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Policyholder contract deposits |
|
1,500,000,000
|
1,100,000,000
|
|
|
| Level 3 | Estimated Fair Value |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Short-term investments |
|
0
|
0
|
|
|
| Liabilities: |
|
|
|
|
|
| Fortitude Re funds withheld payable |
|
(30,710,000,000)
|
(32,618,000,000)
|
|
|
| Level 3 | Consolidated Entities, Excluding Consolidated Investments | Estimated Fair Value |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Short-term and long-term debt |
|
267,000,000
|
275,000,000
|
|
|
| Level 3 | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary | Estimated Fair Value |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Debt |
|
2,526,000,000
|
2,478,000,000
|
|
|
| Level 3 | Obligations of states, municipalities and political subdivisions |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
824,000,000
|
799,000,000
|
|
|
| Level 3 | Corporate debt |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
1,803,000,000
|
2,527,000,000
|
|
|
| Level 3 | RMBS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
4,656,000,000
|
5,235,000,000
|
|
|
| Level 3 | CMBS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
587,000,000
|
587,000,000
|
|
|
| Fair Value Measured at Net Asset Value Per Share |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| Fair Value Using NAV Per Share (or its equivalent) |
|
9,500,000,000
|
9,800,000,000
|
|
|
| Recurring Basis |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Counterparty netting |
|
(3,864,000,000)
|
(3,895,000,000)
|
|
|
| Cash Collateral |
|
(2,220,000,000)
|
(1,640,000,000)
|
|
|
| Counterparty netting and cash collateral |
|
(6,084,000,000)
|
(5,535,000,000)
|
|
|
| Total derivative assets |
|
511,000,000
|
514,000,000
|
|
|
| Short-term investments |
|
10,772,000,000
|
5,708,000,000
|
|
|
| Market risk benefit assets, at fair value |
|
912,000,000
|
796,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Policyholder contract deposits |
|
7,997,000,000
|
5,408,000,000
|
|
|
| Market risk benefit liabilities, at fair value |
|
5,705,000,000
|
4,736,000,000
|
|
|
| Counterparty netting |
|
(3,864,000,000)
|
(3,895,000,000)
|
|
|
| Cash Collateral |
|
(1,050,000,000)
|
(1,917,000,000)
|
|
|
| Counterparty netting and cash collateral |
|
(4,914,000,000)
|
(5,812,000,000)
|
|
|
| Total derivative liabilities |
|
395,000,000
|
231,000,000
|
|
|
| Fortitude Re funds withheld payable |
|
(1,226,000,000)
|
(2,235,000,000)
|
|
|
| Other liabilities |
|
624,000,000
|
343,000,000
|
|
|
| Long-term debt |
|
53,000,000
|
56,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
231,733,000,000
|
226,156,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
5,241,000,000
|
4,485,000,000
|
|
|
| Equity securities |
|
728,000,000
|
575,000,000
|
|
|
| Other invested assets |
|
2,225,000,000
|
2,220,000,000
|
|
|
| Short-term investments |
|
10,772,000,000
|
5,708,000,000
|
|
|
| Other assets |
|
243,000,000
|
107,000,000
|
|
|
| Separate account assets |
|
91,005,000,000
|
84,853,000,000
|
|
|
| Total(d) |
|
343,370,000,000
|
325,414,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Policyholder contract deposits |
|
7,997,000,000
|
5,408,000,000
|
|
|
| Fortitude Re funds withheld payable |
|
(1,226,000,000)
|
|
|
|
| Fortitude Re funds withheld payable |
|
|
(2,235,000,000)
|
|
|
| Other liabilities |
|
229,000,000
|
112,000,000
|
|
|
| Long-term debt |
|
53,000,000
|
56,000,000
|
|
|
| Total |
|
13,153,000,000
|
8,308,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | Discontinued Operations, Excluding Held-for-Sale |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Total(d) |
|
|
182,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | Interest rate contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
3,286,000,000
|
3,722,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
3,631,000,000
|
4,838,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | Foreign exchange contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
1,236,000,000
|
1,844,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
894,000,000
|
1,138,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | Equity contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
2,019,000,000
|
428,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
745,000,000
|
26,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | Commodity contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
|
9,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | Credit contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
41,000,000
|
32,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
37,000,000
|
41,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | Other contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
13,000,000
|
14,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
2,000,000
|
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | U.S. government and government sponsored entities |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
5,616,000,000
|
6,619,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | Obligations of states, municipalities and political subdivisions |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
10,663,000,000
|
12,099,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
91,000,000
|
111,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | Non-U.S. governments |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
12,453,000,000
|
13,485,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
37,000,000
|
66,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | Corporate debt |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
138,432,000,000
|
137,839,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
2,908,000,000
|
2,392,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | RMBS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
20,444,000,000
|
18,817,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
263,000,000
|
286,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | CMBS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
14,128,000,000
|
14,193,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
261,000,000
|
331,000,000
|
|
|
| Recurring Basis | Levels 1, 2 and 3 | CLO/ABS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
29,997,000,000
|
23,104,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
1,681,000,000
|
1,299,000,000
|
|
|
| Recurring Basis | Level 1 |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
268,000,000
|
183,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
0
|
0
|
|
|
| Equity securities |
|
632,000,000
|
518,000,000
|
|
|
| Other invested assets |
|
0
|
0
|
|
|
| Derivative assets |
|
7,000,000
|
12,000,000
|
|
|
| Short-term investments |
|
2,635,000,000
|
2,821,000,000
|
|
|
| Market risk benefit assets, at fair value |
|
0
|
0
|
|
|
| Other assets |
|
0
|
0
|
|
|
| Separate account assets |
|
87,814,000,000
|
81,655,000,000
|
|
|
| Total(d) |
|
91,356,000,000
|
85,189,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Policyholder contract deposits |
|
0
|
0
|
|
|
| Market risk benefit liabilities, at fair value |
|
0
|
0
|
|
|
| Derivative liabilities |
|
2,000,000
|
2,000,000
|
|
|
| Fortitude Re funds withheld payable |
|
0
|
|
|
|
| Fortitude Re funds withheld payable |
|
|
0
|
|
|
| Other liabilities |
|
0
|
0
|
|
|
| Long-term debt |
|
0
|
0
|
|
|
| Total |
|
2,000,000
|
2,000,000
|
|
|
| Recurring Basis | Level 1 | Interest rate contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
0
|
1,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
0
|
0
|
|
|
| Recurring Basis | Level 1 | Foreign exchange contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
0
|
0
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
0
|
0
|
|
|
| Recurring Basis | Level 1 | Equity contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
7,000,000
|
11,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
2,000,000
|
2,000,000
|
|
|
| Recurring Basis | Level 1 | Commodity contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
|
0
|
|
|
| Recurring Basis | Level 1 | Credit contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
0
|
0
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
0
|
0
|
|
|
| Recurring Basis | Level 1 | Other contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
0
|
0
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
0
|
|
|
|
| Recurring Basis | Level 1 | U.S. government and government sponsored entities |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
35,000,000
|
25,000,000
|
|
|
| Recurring Basis | Level 1 | Obligations of states, municipalities and political subdivisions |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
0
|
0
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
0
|
0
|
|
|
| Recurring Basis | Level 1 | Non-U.S. governments |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
233,000,000
|
158,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
0
|
0
|
|
|
| Recurring Basis | Level 1 | Corporate debt |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
0
|
0
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
0
|
0
|
|
|
| Recurring Basis | Level 1 | RMBS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
0
|
0
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
0
|
0
|
|
|
| Recurring Basis | Level 1 | CMBS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
0
|
0
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
0
|
0
|
|
|
| Recurring Basis | Level 1 | CLO/ABS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
0
|
0
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
0
|
0
|
|
|
| Recurring Basis | Level 2 |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
204,621,000,000
|
201,074,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
3,685,000,000
|
2,958,000,000
|
|
|
| Equity securities |
|
40,000,000
|
18,000,000
|
|
|
| Other invested assets |
|
155,000,000
|
145,000,000
|
|
|
| Derivative assets |
|
5,256,000,000
|
5,395,000,000
|
|
|
| Short-term investments |
|
8,137,000,000
|
2,887,000,000
|
|
|
| Market risk benefit assets, at fair value |
|
0
|
0
|
|
|
| Other assets |
|
0
|
0
|
|
|
| Separate account assets |
|
3,191,000,000
|
3,198,000,000
|
|
|
| Total(d) |
|
225,085,000,000
|
215,675,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Policyholder contract deposits |
|
55,000,000
|
41,000,000
|
|
|
| Market risk benefit liabilities, at fair value |
|
0
|
0
|
|
|
| Derivative liabilities |
|
5,206,000,000
|
5,995,000,000
|
|
|
| Fortitude Re funds withheld payable |
|
0
|
|
|
|
| Fortitude Re funds withheld payable |
|
|
0
|
|
|
| Other liabilities |
|
107,000,000
|
0
|
|
|
| Long-term debt |
|
53,000,000
|
56,000,000
|
|
|
| Total |
|
5,421,000,000
|
6,092,000,000
|
|
|
| Recurring Basis | Level 2 | Interest rate contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
2,826,000,000
|
3,410,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
3,631,000,000
|
4,838,000,000
|
|
|
| Recurring Basis | Level 2 | Foreign exchange contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
1,235,000,000
|
1,844,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
891,000,000
|
1,138,000,000
|
|
|
| Recurring Basis | Level 2 | Equity contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
1,187,000,000
|
132,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
680,000,000
|
10,000,000
|
|
|
| Recurring Basis | Level 2 | Commodity contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
|
9,000,000
|
|
|
| Recurring Basis | Level 2 | Credit contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
8,000,000
|
0
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
4,000,000
|
9,000,000
|
|
|
| Recurring Basis | Level 2 | Other contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
0
|
0
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
0
|
|
|
|
| Recurring Basis | Level 2 | U.S. government and government sponsored entities |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
5,581,000,000
|
6,594,000,000
|
|
|
| Recurring Basis | Level 2 | Obligations of states, municipalities and political subdivisions |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
9,816,000,000
|
11,275,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
90,000,000
|
111,000,000
|
|
|
| Recurring Basis | Level 2 | Non-U.S. governments |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
12,213,000,000
|
13,326,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
37,000,000
|
66,000,000
|
|
|
| Recurring Basis | Level 2 | Corporate debt |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
136,753,000,000
|
134,992,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
2,697,000,000
|
1,976,000,000
|
|
|
| Recurring Basis | Level 2 | RMBS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
12,804,000,000
|
11,264,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
105,000,000
|
113,000,000
|
|
|
| Recurring Basis | Level 2 | CMBS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
13,495,000,000
|
13,267,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
244,000,000
|
303,000,000
|
|
|
| Recurring Basis | Level 2 | CLO/ABS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
13,959,000,000
|
10,356,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
512,000,000
|
389,000,000
|
|
|
| Recurring Basis | Level 3 |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
26,844,000,000
|
24,899,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
1,556,000,000
|
1,527,000,000
|
|
|
| Equity securities |
|
56,000,000
|
39,000,000
|
|
|
| Other invested assets |
|
2,070,000,000
|
2,075,000,000
|
|
|
| Derivative assets |
|
1,332,000,000
|
642,000,000
|
|
|
| Short-term investments |
|
0
|
0
|
|
|
| Market risk benefit assets, at fair value |
|
912,000,000
|
796,000,000
|
|
|
| Other assets |
|
243,000,000
|
107,000,000
|
|
|
| Separate account assets |
|
0
|
0
|
|
|
| Total(d) |
|
33,013,000,000
|
30,085,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Policyholder contract deposits |
|
7,942,000,000
|
5,367,000,000
|
|
|
| Market risk benefit liabilities, at fair value |
|
5,705,000,000
|
4,736,000,000
|
|
|
| Derivative liabilities |
|
101,000,000
|
46,000,000
|
|
|
| Fortitude Re funds withheld payable |
|
(1,226,000,000)
|
|
|
|
| Fortitude Re funds withheld payable |
|
|
(2,235,000,000)
|
|
|
| Other liabilities |
|
122,000,000
|
112,000,000
|
|
|
| Long-term debt |
|
0
|
0
|
|
|
| Total |
|
12,644,000,000
|
8,026,000,000
|
|
|
| Recurring Basis | Level 3 | Interest rate contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
460,000,000
|
311,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
0
|
0
|
|
|
| Recurring Basis | Level 3 | Foreign exchange contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
1,000,000
|
0
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
3,000,000
|
0
|
|
|
| Recurring Basis | Level 3 | Equity contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
825,000,000
|
285,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
63,000,000
|
14,000,000
|
|
|
| Recurring Basis | Level 3 | Commodity contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
|
0
|
|
|
| Recurring Basis | Level 3 | Credit contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
33,000,000
|
32,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
33,000,000
|
32,000,000
|
|
|
| Recurring Basis | Level 3 | Other contracts |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Derivative assets |
|
13,000,000
|
14,000,000
|
|
|
| Liabilities: |
|
|
|
|
|
| Derivative liabilities |
|
2,000,000
|
|
|
|
| Recurring Basis | Level 3 | U.S. government and government sponsored entities |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
0
|
0
|
|
|
| Recurring Basis | Level 3 | Obligations of states, municipalities and political subdivisions |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
847,000,000
|
824,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
1,000,000
|
0
|
|
|
| Recurring Basis | Level 3 | Non-U.S. governments |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
7,000,000
|
1,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
0
|
0
|
|
|
| Recurring Basis | Level 3 | Corporate debt |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
1,679,000,000
|
2,847,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
211,000,000
|
416,000,000
|
|
|
| Recurring Basis | Level 3 | RMBS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
7,640,000,000
|
7,553,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
158,000,000
|
173,000,000
|
|
|
| Recurring Basis | Level 3 | CMBS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
633,000,000
|
926,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
17,000,000
|
28,000,000
|
|
|
| Recurring Basis | Level 3 | CLO/ABS |
|
|
|
|
|
| Assets: |
|
|
|
|
|
| Bonds available for sale |
|
16,038,000,000
|
12,748,000,000
|
|
|
| Other bond securities, at fair value (See Note 5) |
|
$ 1,169,000,000
|
$ 910,000,000
|
|
|
|
|