Fair Value Measurements - Quantitative information about level 3 fair value measurements (Details)
$ in Millions |
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Bonds available-for-sale |
[1] |
$ 189,381
|
$ 170,840
|
|
| Market risk benefit assets |
|
2,392
|
1,332
|
|
| Market risk benefit liabilities, at fair value |
|
7,309
|
5,616
|
|
| Embedded derivatives within policyholder contract deposits |
|
16,000
|
11,800
|
|
| Policyholder contract deposit |
|
$ 188,876
|
$ 173,695
|
$ 162,050
|
| Minimum | Equity volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0585
|
0.0585
|
|
| Minimum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0016
|
0.0016
|
|
| Minimum | Dynamic lapse multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.2000
|
0.2000
|
|
| Minimum | Mortality multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.3825
|
0.3825
|
|
| Minimum | Utilization |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.8000
|
0.8000
|
|
| Minimum | Equity / interest-rate correlation |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0000
|
0.0000
|
|
| Minimum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
|
0.0027
|
|
| Maximum | Equity volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.4585
|
0.4605
|
|
| Maximum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.2880
|
0.2880
|
|
| Maximum | Dynamic lapse multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
1.8618
|
1.8618
|
|
| Maximum | Mortality multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
1.6001
|
1.6001
|
|
| Maximum | Utilization |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
1.0000
|
1.0000
|
|
| Maximum | Equity / interest-rate correlation |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0630
|
0.0630
|
|
| Maximum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
|
0.0265
|
|
| Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefit assets |
|
$ 2,392
|
$ 1,332
|
|
| Market risk benefit liabilities, at fair value |
|
7,300
|
5,600
|
|
| Obligations of states, municipalities and political subdivisions |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Bonds available-for-sale |
|
$ 4,486
|
$ 4,661
|
|
| Obligations of states, municipalities and political subdivisions | Minimum | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0562
|
0.0553
|
|
| Obligations of states, municipalities and political subdivisions | Maximum | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0587
|
0.0588
|
|
| Obligations of states, municipalities and political subdivisions | Weighted-average | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0574
|
0.0570
|
|
| Obligations of states, municipalities and political subdivisions | Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Bonds available-for-sale |
|
$ 723
|
$ 746
|
|
| Corporate debt |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Bonds available-for-sale |
|
$ 122,071
|
$ 106,478
|
|
| Corporate debt | Minimum | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0492
|
0.0494
|
|
| Corporate debt | Maximum | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0762
|
0.1038
|
|
| Corporate debt | Weighted-average | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0580
|
0.0735
|
|
| Corporate debt | Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Bonds available-for-sale |
|
$ 701
|
$ 1,822
|
|
| RMBS |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Bonds available-for-sale |
|
$ 16,350
|
$ 15,784
|
|
| RMBS | Minimum | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0517
|
0.0575
|
|
| RMBS | Minimum | Prepayment speed |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0411
|
0.0392
|
|
| RMBS | Minimum | Default rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0039
|
0.0057
|
|
| RMBS | Minimum | Loss severity |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.3809
|
0.4019
|
|
| RMBS | Maximum | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0639
|
0.0690
|
|
| RMBS | Maximum | Prepayment speed |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0762
|
0.0891
|
|
| RMBS | Maximum | Default rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0198
|
0.0232
|
|
| RMBS | Maximum | Loss severity |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.8411
|
0.8078
|
|
| RMBS | Weighted-average | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0578
|
0.0633
|
|
| RMBS | Weighted-average | Prepayment speed |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0587
|
0.0642
|
|
| RMBS | Weighted-average | Default rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0118
|
0.0145
|
|
| RMBS | Weighted-average | Loss severity |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.6110
|
0.6049
|
|
| RMBS | Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Bonds available-for-sale |
|
$ 2,847
|
$ 2,892
|
|
| CLO | Minimum | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0502
|
0.0613
|
|
| CLO | Maximum | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0632
|
0.0740
|
|
| CLO | Weighted-average | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0567
|
0.0677
|
|
| CLO | Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Bonds available-for-sale |
|
$ 1,939
|
$ 2,104
|
|
| ABS | Minimum | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0464
|
0.0510
|
|
| ABS | Maximum | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0724
|
0.0783
|
|
| ABS | Weighted-average | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0594
|
0.0647
|
|
| ABS | Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Bonds available-for-sale |
|
$ 18,129
|
$ 15,888
|
|
| CMBS |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Bonds available-for-sale |
|
$ 9,307
|
$ 9,577
|
|
| CMBS | Minimum | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0380
|
0.0480
|
|
| CMBS | Maximum | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.1992
|
0.2087
|
|
| CMBS | Weighted-average | Yield |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.1158
|
0.1256
|
|
| CMBS | Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Bonds available-for-sale |
|
$ 696
|
$ 607
|
|
| Market risk benefit assets | Minimum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0015
|
|
|
| Market risk benefit assets | Maximum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Debt securities, available-for-sale, measurement input |
|
0.0213
|
|
|
| Variable annuities guaranteed benefits | Minimum | Equity volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0585
|
0.0585
|
|
| Variable annuities guaranteed benefits | Minimum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0016
|
0.0016
|
|
| Variable annuities guaranteed benefits | Minimum | Dynamic lapse multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.2000
|
0.2000
|
|
| Variable annuities guaranteed benefits | Minimum | Mortality multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.3825
|
0.3825
|
|
| Variable annuities guaranteed benefits | Minimum | Utilization |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.8000
|
0.8000
|
|
| Variable annuities guaranteed benefits | Minimum | Equity / interest-rate correlation |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0000
|
0.0000
|
|
| Variable annuities guaranteed benefits | Minimum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0015
|
0.0027
|
|
| Variable annuities guaranteed benefits | Maximum | Equity volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.4585
|
0.4605
|
|
| Variable annuities guaranteed benefits | Maximum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.2880
|
0.2880
|
|
| Variable annuities guaranteed benefits | Maximum | Dynamic lapse multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
1.8618
|
1.8618
|
|
| Variable annuities guaranteed benefits | Maximum | Mortality multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
1.6001
|
1.6001
|
|
| Variable annuities guaranteed benefits | Maximum | Utilization |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
1.0000
|
1.0000
|
|
| Variable annuities guaranteed benefits | Maximum | Equity / interest-rate correlation |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0630
|
0.0630
|
|
| Variable annuities guaranteed benefits | Maximum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0213
|
0.0265
|
|
| Variable annuities guaranteed benefits | Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefit liabilities, at fair value |
|
$ 1,651
|
$ 1,424
|
|
| Fixed annuities guaranteed benefits | Minimum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0020
|
0.0020
|
|
| Fixed annuities guaranteed benefits | Minimum | Dynamic lapse multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.2000
|
0.2000
|
|
| Fixed annuities guaranteed benefits | Minimum | Mortality multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.4026
|
0.4026
|
|
| Fixed annuities guaranteed benefits | Minimum | Utilization |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.9000
|
0.9000
|
|
| Fixed annuities guaranteed benefits | Minimum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0016
|
0.0027
|
|
| Fixed annuities guaranteed benefits | Maximum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.1575
|
0.1575
|
|
| Fixed annuities guaranteed benefits | Maximum | Dynamic lapse multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
1.8618
|
1.8618
|
|
| Fixed annuities guaranteed benefits | Maximum | Mortality multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
1.6843
|
1.6843
|
|
| Fixed annuities guaranteed benefits | Maximum | Utilization |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.9750
|
0.9750
|
|
| Fixed annuities guaranteed benefits | Maximum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0213
|
0.0265
|
|
| Fixed annuities guaranteed benefits | Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefit liabilities, at fair value |
|
$ 1,817
|
$ 1,359
|
|
| Fixed index annuities guaranteed benefits | Minimum | Equity volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0585
|
0.0585
|
|
| Fixed index annuities guaranteed benefits | Minimum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0020
|
0.0020
|
|
| Fixed index annuities guaranteed benefits | Minimum | Dynamic lapse multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.2000
|
0.2000
|
|
| Fixed index annuities guaranteed benefits | Minimum | Mortality multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.2413
|
0.2413
|
|
| Fixed index annuities guaranteed benefits | Minimum | Utilization |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.6000
|
0.6000
|
|
| Fixed index annuities guaranteed benefits | Minimum | Option budget |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0000
|
0.0000
|
|
| Fixed index annuities guaranteed benefits | Minimum | Equity / interest-rate correlation |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0000
|
0.0000
|
|
| Fixed index annuities guaranteed benefits | Minimum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0016
|
0.0027
|
|
| Fixed index annuities guaranteed benefits | Maximum | Equity volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.4585
|
0.4605
|
|
| Fixed index annuities guaranteed benefits | Maximum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.6000
|
0.5000
|
|
| Fixed index annuities guaranteed benefits | Maximum | Dynamic lapse multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
1.8618
|
1.8618
|
|
| Fixed index annuities guaranteed benefits | Maximum | Mortality multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
1.3080
|
1.3080
|
|
| Fixed index annuities guaranteed benefits | Maximum | Utilization |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.9750
|
0.9750
|
|
| Fixed index annuities guaranteed benefits | Maximum | Option budget |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0600
|
0.0600
|
|
| Fixed index annuities guaranteed benefits | Maximum | Equity / interest-rate correlation |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0630
|
0.0630
|
|
| Fixed index annuities guaranteed benefits | Maximum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefits, measurement input |
|
0.0213
|
0.0265
|
|
| Fixed index annuities guaranteed benefits | Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Market risk benefit liabilities, at fair value |
|
$ 3,841
|
$ 2,833
|
|
| Index credits on fixed index annuities |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Policyholder contract deposit |
|
$ 2,000
|
$ 1,800
|
|
| Index credits on fixed index annuities | Minimum | Equity volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0585
|
0.0585
|
|
| Index credits on fixed index annuities | Minimum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0020
|
0.0020
|
|
| Index credits on fixed index annuities | Minimum | Dynamic lapse multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.2000
|
0.2000
|
|
| Index credits on fixed index annuities | Minimum | Mortality multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.2413
|
0.2413
|
|
| Index credits on fixed index annuities | Minimum | Utilization |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.6000
|
0.6000
|
|
| Index credits on fixed index annuities | Minimum | Option budget |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0000
|
0.0000
|
|
| Index credits on fixed index annuities | Minimum | Equity / interest-rate correlation |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0000
|
0.0000
|
|
| Index credits on fixed index annuities | Minimum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0016
|
0.0027
|
|
| Index credits on fixed index annuities | Maximum | Equity volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.4585
|
0.4605
|
|
| Index credits on fixed index annuities | Maximum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.6000
|
0.5000
|
|
| Index credits on fixed index annuities | Maximum | Dynamic lapse multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
1.8618
|
1.8618
|
|
| Index credits on fixed index annuities | Maximum | Mortality multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
1.3080
|
1.3080
|
|
| Index credits on fixed index annuities | Maximum | Utilization |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.9750
|
0.9750
|
|
| Index credits on fixed index annuities | Maximum | Option budget |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0600
|
0.0600
|
|
| Index credits on fixed index annuities | Maximum | Equity / interest-rate correlation |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0630
|
0.0630
|
|
| Index credits on fixed index annuities | Maximum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0213
|
0.0265
|
|
| Index credits on fixed index annuities | Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivatives within policyholder contract deposits |
|
$ 9,996
|
$ 8,390
|
|
| Registered index-linked annuities | Minimum | Equity volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0585
|
0.0585
|
|
| Registered index-linked annuities | Minimum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0100
|
0.0100
|
|
| Registered index-linked annuities | Minimum | Dynamic lapse multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.9500
|
0.9500
|
|
| Registered index-linked annuities | Minimum | Mortality multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.9665
|
0.9665
|
|
| Registered index-linked annuities | Minimum | Utilization |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0170
|
0.0170
|
|
| Registered index-linked annuities | Minimum | Option budget |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0000
|
0.0000
|
|
| Registered index-linked annuities | Minimum | Equity / interest-rate correlation |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0016
|
0.0027
|
|
| Registered index-linked annuities | Maximum | Equity volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.4585
|
0.4605
|
|
| Registered index-linked annuities | Maximum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.5000
|
0.5000
|
|
| Registered index-linked annuities | Maximum | Dynamic lapse multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
2.2000
|
2.2000
|
|
| Registered index-linked annuities | Maximum | Mortality multiplier |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
1.4729
|
1.4729
|
|
| Registered index-linked annuities | Maximum | Utilization |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.1809
|
0.1809
|
|
| Registered index-linked annuities | Maximum | Option budget |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0630
|
0.0630
|
|
| Registered index-linked annuities | Maximum | Equity / interest-rate correlation |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0213
|
0.0265
|
|
| Registered index-linked annuities | Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivatives within policyholder contract deposits |
|
$ 765
|
$ 17
|
|
| Index universal life | Minimum | Equity volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0588
|
0.0585
|
|
| Index universal life | Minimum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0000
|
0.0000
|
|
| Index universal life | Minimum | Mortality rates |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0000
|
0.0000
|
|
| Index universal life | Minimum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0016
|
0.0027
|
|
| Index universal life | Maximum | Equity volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.2017
|
0.1963
|
|
| Index universal life | Maximum | Base lapse rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.3797
|
0.3797
|
|
| Index universal life | Maximum | Mortality rates |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
1.0000
|
1.0000
|
|
| Index universal life | Maximum | NPA |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivative liability, measurement input |
|
0.0213
|
0.0265
|
|
| Index universal life | Level 3 |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Embedded derivatives within policyholder contract deposits |
|
$ 1,261
|
$ 1,008
|
|
|
|