Prudential Financial, Inc. 5.62 (PRS) 10-Q 5 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares shares in Millions	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Transition Report	false
Entity File Number	001-16707
Entity Registrant Name	Prudential Financial, Inc.
Entity Central Index Key	0001137774
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	22-3703799
Entity Address, Address Line One	751 Broad Street
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	973
Local Phone Number	802-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		402
Common Class A
Document Information [Line Items]
Title of 12(b) Security	Common Stock, Par Value $.01
Trading Symbol	PRU
Security Exchange Name	NYSE
5.75% Junior Subordinated Note
Document Information [Line Items]
Title of 12(b) Security	5.75% Junior Subordinated Notes
Trading Symbol	PJH
Security Exchange Name	NYSE
5.70% Junior Subordinated Notes
Document Information [Line Items]
Title of 12(b) Security	5.70% Junior Subordinated Notes
Trading Symbol	PRH
Security Exchange Name	NYSE
5.625% Junior Subordinated Notes
Document Information [Line Items]
Title of 12(b) Security	5.625% Junior Subordinated Notes
Trading Symbol	PRS
Security Exchange Name	NYSE

Unaudited Interim Consolidated

Unaudited Interim Consolidated Statements of Financial Position - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
ASSETS
Fixed maturities, available-for-sale, at fair value (amortized cost: 2019-$333,648; 2018-$331,745)	[1]	$ 391,657	$ 353,656
Fixed maturities, held-to-maturity, at amortized cost (fair value: 2019-$2,365; 2018-$2,372)	[1]	1,958	2,013
Fixed maturities, trading, at fair value (amortized cost: 2019-$3,512; 2018-$3,392)	[1]	3,779	3,243
Assets supporting experience-rated contractholder liabilities, at fair value	[1]	22,267	21,254
Equity securities, at fair value (cost: 2019-$5,230; 2018-$5,219)	[1]	7,014	6,238
Commercial mortgage and other loans	[1]	61,833	59,830
Policy loans		12,022	12,016
Other invested assets (includes $5,453 and $5,524 measured at fair value at March 31, 2019 and December 31, 2018, respectively)	[1]	15,654	14,526
Short-term Investments		7,320	6,469
Total investments		523,504	479,245
Cash and cash equivalents	[1]	18,289	15,353
Accrued investment income	[1]	3,248	3,318
Deferred policy acquisition costs		19,484	20,058
Value of business acquired		1,106	1,850
Other assets	[1]	18,761	16,118
Separate account assets		301,234	279,136
TOTAL ASSETS		885,626	815,078
LIABILITIES
Future policy benefits		291,742	273,846
Policyholders’ account balances		152,527	150,338
Policyholders’ dividends		7,548	4,110
Securities sold under agreements to repurchase		9,241	9,950
Cash collateral for loaned securities		4,728	3,929
Income taxes		12,664	7,936
Short-term debt		1,490	2,451
Long-term debt		19,151	17,378
Other liabilities	[1]	17,754	16,018
Notes issued by consolidated variable interest entities (includes $817 and $595 measured at fair value under the fair value option at March 31, 2019 and December 31, 2018, respectively)	[1]	1,233	955
Separate account liabilities		301,234	279,136
Total liabilities		819,312	766,047
COMMITMENTS AND CONTINGENT LIABILITIES
EQUITY
Preferred Stock ($.01 par value; 10,000,000 shares authorized; none issued)		0	0
Common Stock ($.01 par value; 1,500,000,000 shares authorized; 666,305,189 and 660,111,339 shares issued at September 30, 2019 and December 31, 2018, respectively)		6	6
Additional paid-in capital		25,351	24,828
Common Stock held in treasury, at cost (268,018,322 and 249,398,887 shares at September 30, 2019 and December 31, 2018, respectively)		(19,386)	(17,593)
Accumulated other comprehensive income (loss)		27,558	10,906
Retained earnings		32,269	30,470
Total Prudential Financial, Inc. equity		65,798	48,617
Noncontrolling interests		516	414
Total equity		66,314	49,031
TOTAL LIABILITIES AND EQUITY		$ 885,626	$ 815,078
[1]	See Note 4 for details of balances associated with variable interest entities.

Unaudited Interim Consolidate_2

Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Fixed Maturities, AFS, amortized cost		$ 342,567	$ 331,745
Fixed Maturities, HTM, at fair value		2,359	2,372
Fixed Maturities, Trading, amortized cost		3,873	3,392
Equity securities, AFS, amortized cost		5,363	5,219
Commercial mortgage and other loans	[1]	61,833	59,830
Other invested assets, at fair value		5,955	5,524
Notes issued by consolidated VIEs	[1]	$ 1,233	$ 955
Preferred Stock, par value (in dollars per share)		$ 0.01	$ 0.01
Preferred Stock, shares authorized		10,000,000	10,000,000
Preferred Stock, shares issued		0	0
Common Stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common Stock, shares authorized		1,500,000,000	1,500,000,000
Common Stock, shares issued		666,305,189	660,111,339
Common Stock held in treasury, at cost, shares		268,018,322	249,398,887
Fair value option
Commercial mortgage and other loans		$ 551	$ 763
Notes issued by consolidated VIEs		$ 807	$ 595
[1]	See Note 4 for details of balances associated with variable interest entities.

Unaudited Interim Consolidate_3

Unaudited Interim Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
REVENUES
Premiums	$ 6,937	$ 8,810	$ 22,972	$ 23,559
Policy charges and fee income	1,519	1,498	4,463	4,482
Net investment income	4,438	4,046	13,044	12,140
Asset management and service fees	1,038	1,037	3,137	3,073
Other income (loss)	320	606	2,217	45
Realized investment gains (losses), net:
Other-than-temporary impairments on fixed maturity securities	(186)	(32)	(298)	(129)
Other-than-temporary impairments on fixed maturity securities transferred to Other comprehensive income	43	0	56	0
Other realized investment gains (losses), net	996	183	(7)	1,390
Total realized investment gains (losses), net	853	151	(249)	1,261
Total revenues	15,105	16,148	45,584	44,560
BENEFITS AND EXPENSES
Policyholders’ benefits	7,722	9,311	25,037	26,498
Interest credited to policyholders’ account balances	1,106	1,030	3,729	2,474
Dividends to policyholders	667	446	1,681	1,314
Amortization of deferred policy acquisition costs	591	563	1,808	1,764
General and administrative expenses	3,294	2,960	9,588	8,729
Total benefits and expenses	13,380	14,310	41,843	40,779
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	1,725	1,838	3,741	3,781
Total income tax expense (benefit)	332	184	726	604
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	1,393	1,654	3,015	3,177
Equity in earnings of operating joint ventures, net of taxes	32	21	85	62
NET INCOME (LOSS)	1,425	1,675	3,100	3,239
Less: Income (loss) attributable to noncontrolling interests	7	3	42	7
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.	$ 1,418	$ 1,672	$ 3,058	$ 3,232
Basic earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 3.47	$ 3.97	$ 7.45	$ 7.62
Diluted earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 3.44	$ 3.90	$ 7.35	$ 7.51

Unaudited Interim Consolidate_4

Unaudited Interim Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
NET INCOME (LOSS)	$ 1,425	$ 1,675	$ 3,100	$ 3,239
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments for the period	(174)	(274)	(66)	(315)
Net unrealized investment gains (losses)	4,776	(3,150)	21,571	(11,142)
Defined benefit pension and postretirement unrecognized periodic benefit (cost)	23	71	104	200
Total	4,625	(3,353)	21,609	(11,257)
Less: Income tax expense (benefit) related to other comprehensive income (loss)	1,051	(843)	4,961	(2,525)
Other comprehensive income (loss), net of taxes	3,574	(2,510)	16,648	(8,732)
Comprehensive income (loss)	4,999	(835)	19,748	(5,493)
Less: Comprehensive income (loss) attributable to noncontrolling interests	5	(2)	45	5
Comprehensive income (loss) attributable to Prudential Financial, Inc.	$ 4,994	$ (833)	$ 19,703	$ (5,498)

Unaudited Interim Consolidate_5

Unaudited Interim Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Common Stock Held In Treasury	Accumulated Other Comprehensive Income (Loss)	Total Prudential Financial, Inc. Equity	Noncontrolling Interests
Balance at Dec. 31, 2017	$ 54,511	$ 6	$ 24,769	$ 28,671	$ (16,284)	$ 17,074	$ 54,236	$ 275
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(375)				(375)		(375)
Contributions from noncontrolling interests	61							61
Distributions to noncontrolling interests	(5)							(5)
Stock-based compensation programs	55		(47)		102		55
Dividends declared on Common Stock	(387)			(387)			(387)
Comprehensive income:
Net income (loss)	1,364			1,363			1,363	1
Other comprehensive income (loss), net of tax	(3,106)					(3,119)	(3,119)	13
Comprehensive income (loss)	(1,742)						(1,756)	14
Balance at Mar. 31, 2018	52,175	6	24,722	28,898	(16,557)	14,761	51,830	345
Balance at Dec. 31, 2017	54,511	6	24,769	28,671	(16,284)	17,074	54,236	275
Comprehensive income:
Net income (loss)	3,239
Other comprehensive income (loss), net of tax	(8,732)
Comprehensive income (loss)	(5,493)
Balance at Sep. 30, 2018	47,082	6	24,810	30,005	(17,246)	9,150	46,725	357
Balance at Mar. 31, 2018	52,175	6	24,722	28,898	(16,557)	14,761	51,830	345
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(375)				(375)		(375)
Contributions from noncontrolling interests	38							38
Distributions to noncontrolling interests	(16)							(16)
Stock-based compensation programs	68		41		27		68
Dividends declared on Common Stock	(382)			(382)			(382)
Comprehensive income:
Net income (loss)	200			197			197	3
Other comprehensive income (loss), net of tax	(3,116)					(3,106)	(3,106)	(10)
Comprehensive income (loss)	(2,916)						(2,909)	(7)
Balance at Jun. 30, 2018	48,592	6	24,763	28,713	(16,905)	11,655	48,232	360
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(375)				(375)		(375)
Contributions from noncontrolling interests	3							3
Distributions to noncontrolling interests	(5)							(5)
Consolidation (deconsolidation) of Noncontrolling Interest	(1)							(1)
Stock-based compensation programs	81		47		34		81
Dividends declared on Common Stock	(380)			(380)			(380)
Comprehensive income:
Net income (loss)	1,675			1,672			1,672	3
Other comprehensive income (loss), net of tax	(2,510)					(2,505)	(2,505)	(5)
Comprehensive income (loss)	(835)						(833)	(2)
Balance at Sep. 30, 2018	47,082	6	24,810	30,005	(17,246)	9,150	46,725	357
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative Effect of New Accounting Principle in Period of Adoption	9
Balance at Dec. 31, 2018	49,031	6	24,828	30,470	(17,593)	10,906	48,617	414
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(500)				(500)		(500)
Contributions from noncontrolling interests	26							26
Distributions to noncontrolling interests	(4)							(4)
Stock-based compensation programs	85		(46)		131		85
Dividends declared on Common Stock	(415)			(415)			(415)
Comprehensive income:
Net income (loss)	937			932			932	5
Other comprehensive income (loss), net of tax	6,304					6,305	6,305	(1)
Comprehensive income (loss)	7,241						7,237	4
Balance at Mar. 31, 2019	55,450	6	24,782	30,966	(17,962)	17,218	55,010	440
Balance at Dec. 31, 2018	49,031	6	24,828	30,470	(17,593)	10,906	48,617	414
Comprehensive income:
Net income (loss)	3,100
Other comprehensive income (loss), net of tax	16,648
Comprehensive income (loss)	19,748
Balance at Sep. 30, 2019	66,314	6	25,351	32,269	(19,386)	27,558	65,798	516
Balance at Mar. 31, 2019	55,450	6	24,782	30,966	(17,962)	17,218	55,010	440
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(500)				(500)		(500)
Contributions from noncontrolling interests	25							25
Distributions to noncontrolling interests	(16)							(16)
Consolidation (deconsolidation) of Noncontrolling Interest	(8)							(8)
Stock-based compensation programs	89		43		46		89
Dividends declared on Common Stock	(411)			(411)			(411)
Comprehensive income:
Net income (loss)	738			708			708	30
Other comprehensive income (loss), net of tax	6,770					6,764	6,764	6
Comprehensive income (loss)	7,508						7,472	36
Balance at Jun. 30, 2019	62,153	6	24,825	31,263	(18,416)	23,982	61,660	493
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(1,000)				(1,000)		(1,000)
Exchangeable Surplus Notes conversion	502		502				502
Contributions from noncontrolling interests	54							54
Distributions to noncontrolling interests	(36)							(36)
Stock-based compensation programs	54		24		30		54
Dividends declared on Common Stock	(412)			(412)			(412)
Comprehensive income:
Net income (loss)	1,425			1,418			1,418	7
Other comprehensive income (loss), net of tax	3,574					3,576	3,576	(2)
Comprehensive income (loss)	4,999						4,994	5
Balance at Sep. 30, 2019	$ 66,314	$ 6	$ 25,351	$ 32,269	$ (19,386)	$ 27,558	$ 65,798	$ 516

Unaudited Interim Consolidate_6

Unaudited Interim Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019		Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 3,100		$ 3,239
Adjustments to reconcile net income to net cash provided by operating activities:
Realized investment (gains) losses, net	249		(1,261)
Policy charges and fee income	(2,117)		(1,642)
Interest credited to policyholders’ account balances	3,729		2,474
Depreciation and amortization	352		45
(Gains) losses on assets supporting experience-rated contractholder liabilities, net	(832)		586
Change in:
Deferred policy acquisition costs	(414)		(353)
Future policy benefits and other insurance liabilities	7,718		9,513
Income taxes	(245)		(127)
Derivatives, net	5,225		(2,587)
Other, net	(1,125)		381
Cash flows from (used in) operating activities	15,640		10,268
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	38,356		42,903
Fixed maturities, held-to-maturity	84		76
Fixed maturities, trading	284		527
Assets supporting experience-rated contractholder liabilities	11,631		20,122
Equity securities	2,087		2,913
Commercial mortgage and other loans	4,483		4,056
Policy loans	1,717		1,730
Other invested assets	1,074		1,151
Short-term investments	27,675		25,652
Payments for the purchase/origination of:
Fixed maturities, available-for-sale	(48,162)		(53,071)
Fixed maturities, trading	(733)		(760)
Assets supporting experience-rated contractholder liabilities	(11,731)		(19,671)
Equity securities	(2,094)		(2,543)
Commercial mortgage and other loans	(6,807)		(7,745)
Policy loans	(1,440)		(1,487)
Other invested assets	(1,667)		(1,713)
Short-term investments	(28,704)		(24,613)
Derivatives, net	1,170		(182)
Other, net	(339)		(286)
Cash flows from (used in) investing activities	(13,116)		(12,941)
CASH FLOWS FROM FINANCING ACTIVITIES
Policyholders’ account deposits	21,140		21,319
Policyholders’ account withdrawals	(19,734)		(20,454)
Net change in securities sold under agreements to repurchase and cash collateral for loaned securities	89		1,078
Cash dividends paid on Common Stock	(1,237)		(1,147)
Net change in financing arrangements (maturities 90 days or less)	(33)		189
Common Stock acquired	(1,940)		(1,112)
Common Stock reissued for exercise of stock options	107		107
Proceeds from the issuance of debt (maturities longer than 90 days)	2,923		2,790
Repayments of debt (maturities longer than 90 days)	(1,338)		(1,705)
Proceeds from notes issued by consolidated VIEs	925		0
Repayments of notes issued by consolidated VIEs	(638)		0
Other, net	94		(256)
Cash flows from (used in) financing activities	358		809
Effect of foreign exchange rate changes on cash balances	56		(68)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS	2,938		(1,932)
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, BEGINNING OF YEAR	15,495		14,536
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, END OF PERIOD	18,433		12,604
NON-CASH TRANSACTIONS DURING THE PERIOD
Treasury Stock shares issued for stock-based compensation programs	174		134
Conversion of surplus notes into Common Stock	502		0
RECONCILIATION TO THE UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Cash and cash equivalents	18,289	[1]	12,466
Restricted cash and restricted cash equivalents (included in “Other assets”)	144		138
Total cash, cash equivalents, restricted cash and restricted cash equivalents	18,433		12,604
Pension Risk Transfer
NON-CASH TRANSACTIONS DURING THE PERIOD
Assets received, excluding cash and cash equivalents	445		332
Liabilities assumed	447		3,063
Net cash received	$ 2		$ 2,731
[1]	See Note 4 for details of balances associated with variable interest entities.

Business and Basis of Presentat

Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	BUSINESS AND BASIS OF PRESENTATION Prudential Financial, Inc. (“Prudential Financial”) and its subsidiaries (collectively, “Prudential” or the “Company”) provide a wide range of insurance, investment management, and other financial products and services to both individual and institutional customers throughout the United States and in many other countries. Principal products and services provided include life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s principal operations are comprised of five divisions, which together encompass seven segments, and its Corporate and Other operations. The PGIM division is comprised of the PGIM segment, the global investment management businesses of the Company. The U.S. Workplace Solutions division consists of the Retirement and Group Insurance segments. The U.S. Individual Solutions division consists of the Individual Annuities and Individual Life segments. The Company also collectively refers to the U.S. Workplace Solutions division and the U.S. Individual Solutions division as the U.S. Financial Wellness businesses. The International Insurance division is comprised of the International Insurance segment, and the Closed Block division is comprised of the Closed Block segment. The Closed Block division is accounted for as a divested business that is reported separately from the Divested and Run-off Businesses that are included in the Company’s Corporate and Other operations. Divested and Run-off Businesses are comprised of businesses that have been, or will be, sold or exited, including businesses that have been placed in wind down status that do not qualify for “discontinued operations” accounting treatment under generally accepted accounting principles in the United States of America (“U.S. GAAP”). The Company’s Corporate and Other operations include corporate items and initiatives that are not allocated to business segments and businesses that have been or will be divested or placed in run-off, excluding the Closed Block division. Basis of Presentation The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). Intercompany balances and transactions have been eliminated. The Unaudited Interim Consolidated Financial Statements include the accounts of Prudential Financial, entities over which the Company exercises control, including majority-owned subsidiaries and variable interest entities (“VIEs”) in which the Company is considered the primary beneficiary. See Note 4 for more information on the Company’s consolidated variable interest entities. In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature. Interim results are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining deferred policy acquisition costs (“DAC”) and related amortization; value of business acquired (“VOBA”) and its amortization; amortization of deferred sales inducements (“DSI”); measurement of goodwill and any related impairment; valuation of investments including derivatives and the recognition of other-than-temporary impairments (“OTTI”); future policy benefits including guarantees; pension and other postretirement benefits; provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal and regulatory matters. Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation.

Significant Accounting Policies

Significant Accounting Policies and Pronouncements	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Significant Accounting Policies and Pronouncements	SIGNIFICANT ACCOUNTING POLICIES AND PRONOUNCEMENTS Recent Accounting Pronouncements Changes to U.S. GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of Accounting Standards Updates (“ASU”) to the FASB Accounting Standards Codification. The Company considers the applicability and impact of all ASU. ASU listed below include those that have been adopted during the current fiscal year and/or those that have been issued but not yet adopted as of the date of this filing. ASU not listed below were assessed and determined to be either not applicable or not material. Adoption of ASU 2016-02 Effective January 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842), using the optional transition method with a cumulative effect adjustment recorded as of the beginning of the period of adoption. This ASU substantially changes a lessee’s accounting for leases and requires the recording, on balance sheet, using a dual lease accounting model, of a “right-of-use” asset and lease liability. Leases are to be classified as either operating or finance leases. Under the standard, for operating leases, lessees recognize total lease expenses using a straight-line method and finance leases are treated as the purchase of an asset on a financing basis. Accordingly, the impact of operating and finance lease expenses on the income statement is similar to prior guidance under Leases (Topic 840). For lessors, the standard modifies classification criteria and accounting for sales-type and direct financing leases and requires a lessor to derecognize the carrying value of the leased asset that is considered to have been transferred to a lessee and record a lease receivable and residual asset (“receivable and residual” approach). The standard also eliminates the leveraged lease accounting model for lessors and real estate specific provisions (i.e., those related to sale-leaseback transactions); it does allow, however, a grandfathering of the leveraged lease accounting model for those existing leases that are being accounted for using such model. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the standard which eliminated the need to reassess: (a) whether any existing contracts are, or contain, leases; (b) the lease classification for any existing leases (i.e., all existing lessee arrangements that were classified as operating leases before are now classified as operating leases, and all existing lessee arrangements that were classified as capital leases before are now classified as finance leases); and (c) initial direct costs for any existing leases. The Company did not elect the practical expedient, which may be applied separately, to use hindsight in determining the lease term and in assessing impairment of the Company’s right-of-use assets. Adoption of the standard resulted in the recording of right-of-use assets and lease liabilities related to existing operating leases of approximately $600 million as of January 1, 2019. Adoption of the standard also resulted in additional required disclosures. See Note 7 for additional information. Other ASU adopted during the nine months ended September 30, 2019 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2017-08 , Receivables -Nonrefundable Fees and Other Costs (Subtopic 310-20) Premium Amortization on Purchased Callable Debt Securities This ASU requires certain premiums on callable debt securities to be amortized to the earliest call date. January 1, 2019 using the modified retrospective method which included cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. Adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. The impact of the cumulative-effect adjustment to retained earnings was immaterial. ASU 2017-12 , Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities This ASU makes targeted changes to the existing hedge accounting model to better portray the economics of an entity’s risk management activities and to simplify the use of hedge accounting. The ASU eliminates separate measurement and recording of hedge ineffectiveness. It requires entities to present the earnings effect of the hedging instrument in the same income statement line item in which the hedged item is reported and also requires expanded disclosures. January 1, 2019 using the modified retrospective method which included cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. Adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. The impact of the cumulative-effect adjustment to retained earnings and accumulated other comprehensive income (loss) (“AOCI”) related to ineffectiveness of the hedge instruments outstanding at the date of adoption was immaterial. See Note 5 for additional required disclosures. ASU issued but not yet adopted as of September 30, 2019 — ASU 2018-12 ASU 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, was issued by the FASB on August 15, 2018 and is expected to have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. In October 2019, the FASB affirmed its decision to defer the effective date of the ASU to January 1, 2022 (with early adoption permitted), representing a one year extension from the original effective date of January 1, 2021. This ASU will impact, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company. Outlined below are four key areas of change, although there are other less significant changes not noted below. In addition to the impacts to the balance sheet upon adoption, the Company also expects an impact to how earnings emerge thereafter. ASU 2018-12 Amended Topic Description Method of adoption Effect on the financial statements or other significant matters Cash flow assumptions used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires an entity to review, and if necessary, update the cash flow assumptions used to measure the liability for future policy benefits, for both changes in future assumptions and actual experience, at least annually using a retrospective update method with a cumulative catch-up adjustment recorded in a separate line item in the Consolidated Statements of Operations. An entity may choose one of two adoption methods for the liability for future policy benefits: (1) a modified retrospective transition method whereby the entity will apply the amendments to contracts in force as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) a full retrospective transition method. The options for method of adoption and the impacts of such methods are under assessment. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires discount rate assumptions to be based on an upper-medium grade fixed income instrument yield and will be required to be updated each quarter with the impact recorded through Other Comprehensive Income (“OCI”). As noted above, an entity may choose either a modified retrospective transition method or full retrospective transition method for the liability for future policy benefits. Under either method, for balance sheet remeasurement purposes, the liability for future policy benefits will be remeasured using current discount rates as of the beginning of the earliest period presented with the impact recorded as a cumulative effect adjustment to AOCI. Upon adoption, under either transition method, there will be an adjustment to AOCI as a result of remeasuring in-force contract liabilities using current upper-medium grade fixed income instrument yields. The adjustment upon adoption will largely reflect the difference between the discount rate locked-in at contract inception versus current discount rates at transition. The magnitude of such adjustment is currently being assessed. Amortization of deferred acquisition costs (DAC) and other balances Requires DAC and other balances, such as unearned revenue reserves and deferred sales inducements, to be amortized on a constant level basis over the expected term of the related contract, independent of expected profitability. An entity may apply one of two adoption methods: (1) a modified retrospective transition method whereby the entity will apply the amendments to contracts in force as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) if an entity chooses a full retrospective transition method for its future policy benefits, as described above, it is required to also use a retrospective transition method for DAC and other balances. The options for method of adoption and the impacts of such methods are under assessment. Under the modified retrospective transition method, the Company would not expect a significant impact to the balance sheet, other than the impact of the removal of any related amounts in AOCI. Market Risk Benefits Requires an entity to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value with changes in value attributable to changes in an entity’s non-performance risk (“NPR”) recognized in OCI. An entity will apply a retrospective transition method which will include a cumulative-effect adjustment on the balance sheet as of the earliest period presented. Upon adoption, the Company expects an impact to retained earnings for the difference between the fair value and carrying value of benefits not currently measured at fair value (e.g., guaranteed minimum death benefits on variable annuities) and an impact from reclassifying the cumulative effect of changes in NPR from retained earnings to AOCI. The magnitude of such adjustments is currently being assessed. Other ASU issued but not yet adopted as of September 30, 2019 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2016-13 , Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments This ASU provides a new current expected credit loss model to account for credit losses on certain financial assets and off-balance sheet exposures (e.g., loans held for investment, debt securities held-to-maturity, reinsurance receivables, net investments in leases and loan commitments). The model requires an entity to estimate lifetime credit losses related to such financial assets and exposures based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The standard also modifies the current OTTI standard for available-for-sale debt securities to require the use of an allowance rather than a direct write down of the investment, and replaces the existing standard for purchased credit deteriorated loans and debt securities. January 1, 2020 using the modified retrospective method which will include a cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. However, prospective application is required for purchased credit deteriorated assets previously accounted for under ASC 310-30 and for debt securities for which an OTTI was recognized prior to the date of adoption. Early adoption is permitted beginning January 1, 2019. The Company continues to test and refine its expected credit loss models and related systems, processes and controls for assets held on the Consolidated Statement of Financial Position at amortized cost. We currently estimate the cumulative impact of the adoption will be a reduction to retained earnings of less than $200 million, primarily attributable to the reserves for commercial mortgage and other loans. ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment This ASU simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test in current U.S. GAAP, which measures a goodwill impairment by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of the goodwill. Under the ASU, a goodwill impairment should be recorded for the amount by which the carrying amount of a reporting unit exceeds its fair value (capped by the total amount of goodwill allocated to the reporting unit). January 1, 2020 using the prospective method (with early adoption permitted). The Company does not plan to early adopt this ASU. The Company does not expect the adoption of the ASU to have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements.

Investments

Investments	9 Months Ended
	Sep. 30, 2019
Investments [Abstract]
Investments	INVESTMENTS Fixed Maturity Securities The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: September 30, 2019 Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(4) (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 28,937 $ 6,770 $ 7 $ 35,700 $ 0 Obligations of U.S. states and their political subdivisions 9,869 1,584 0 11,453 0 Foreign government bonds 98,451 22,962 53 121,360 (34 ) U.S. public corporate securities 85,833 11,480 320 96,993 (5 ) U.S. private corporate securities(1) 33,837 2,465 153 36,149 0 Foreign public corporate securities 27,336 3,190 117 30,409 (7 ) Foreign private corporate securities 26,771 994 850 26,915 0 Asset-backed securities(2) 13,652 169 36 13,785 (82 ) Commercial mortgage-backed securities 14,934 839 5 15,768 0 Residential mortgage-backed securities(3) 2,947 179 1 3,125 (1 ) Total fixed maturities, available-for-sale(1) $ 342,567 $ 50,632 $ 1,542 $ 391,657 $ (129 ) September 30, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 896 $ 305 $ 0 $ 1,201 Foreign public corporate securities 651 69 0 720 Foreign private corporate securities 83 3 0 86 Residential mortgage-backed securities(3) 328 24 0 352 Total fixed maturities, held-to-maturity(5) $ 1,958 $ 401 $ 0 $ 2,359 __________ (1) Excludes notes with amortized cost of $4,356 million (fair value, $4,356 million ), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, auto loans, education loans, home equity loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Represents the amount of unrealized losses remaining in AOCI, from the impairment measurement date. Amount excludes $361 million of net unrealized gains on impaired available-for-sale securities and $1 million of net unrealized gains on impaired held-to-maturity securities relating to changes in the value of such securities subsequent to the impairment measurement date. (5) Excludes notes with amortized cost of $4,914 million (fair value, $5,362 million ), which have been offset with the associated debt under a netting agreement. December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(4) (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 28,242 $ 2,994 $ 642 $ 30,594 $ 0 Obligations of U.S. states and their political subdivisions 9,880 676 63 10,493 0 Foreign government bonds 96,710 16,714 314 113,110 0 U.S. public corporate securities 82,257 3,912 2,754 83,415 (2 ) U.S. private corporate securities(1) 32,450 1,151 581 33,020 0 Foreign public corporate securities 27,671 2,061 531 29,201 (3 ) Foreign private corporate securities 25,314 434 1,217 24,531 0 Asset-backed securities(2) 12,888 162 77 12,973 (160 ) Commercial mortgage-backed securities 13,396 99 180 13,315 0 Residential mortgage-backed securities(3) 2,937 99 32 3,004 (1 ) Total fixed maturities, available-for-sale(1) $ 331,745 $ 28,302 $ 6,391 $ 353,656 $ (166 ) December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 885 $ 269 $ 0 $ 1,154 Foreign public corporate securities 668 64 0 732 Foreign private corporate securities 95 3 0 98 Residential mortgage-backed securities(3) 365 23 0 388 Total fixed maturities, held-to-maturity(5) $ 2,013 $ 359 $ 0 $ 2,372 __________ (1) Excludes notes with amortized cost of $4,216 million (fair value, $4,216 million ), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Represents the amount of unrealized losses remaining in AOCI, from the impairment measurement date. Amount excludes $356 million of net unrealized gains on impaired available-for-sale securities and $1 million of net unrealized gains on impaired held-to-maturity securities relating to changes in the value of such securities subsequent to the impairment measurement date. (5) Excludes notes with amortized cost of $4,879 million (fair value, $4,879 million ), which have been offset with the associated debt under a netting agreement. The following tables set forth the fair value and gross unrealized losses aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the dates indicated: September 30, 2019 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities(1): U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 1,185 $ 7 $ 64 $ 0 $ 1,249 $ 7 Obligations of U.S. states and their political subdivisions 44 0 0 0 44 0 Foreign government bonds 1,177 49 134 4 1,311 53 U.S. public corporate securities 3,174 93 2,778 227 5,952 320 U.S. private corporate securities 1,243 54 1,791 99 3,034 153 Foreign public corporate securities 1,223 47 587 70 1,810 117 Foreign private corporate securities 3,217 76 6,304 774 9,521 850 Asset-backed securities 3,141 16 3,983 20 7,124 36 Commercial mortgage-backed securities 283 1 190 4 473 5 Residential mortgage-backed securities 40 0 117 1 157 1 Total $ 14,727 $ 343 $ 15,948 $ 1,199 $ 30,675 $ 1,542 __________ (1) As of September 30, 2019 , there were no securities classified as held-to-maturity in a gross unrealized loss position. December 31, 2018 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities(1): U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 3,007 $ 67 $ 6,986 $ 575 $ 9,993 $ 642 Obligations of U.S. states and their political subdivisions 1,725 25 999 38 2,724 63 Foreign government bonds 2,369 136 3,515 178 5,884 314 U.S. public corporate securities 34,064 1,570 13,245 1,184 47,309 2,754 U.S. private corporate securities 8,923 225 7,985 356 16,908 581 Foreign public corporate securities 7,363 308 2,928 223 10,291 531 Foreign private corporate securities 12,218 692 4,468 525 16,686 1,217 Asset-backed securities 8,255 70 669 7 8,924 77 Commercial mortgage-backed securities 1,781 14 4,733 166 6,514 180 Residential mortgage-backed securities 194 1 1,042 31 1,236 32 Total $ 79,899 $ 3,108 $ 46,570 $ 3,283 $ 126,469 $ 6,391 __________ (1) As of December 31, 2018 , there was $13 million of fair value and less than $1 million of gross unrealized losses, which are not reflected in AOCI, on securities classified as held-to-maturity. As of September 30, 2019 and December 31, 2018 , the gross unrealized losses on fixed maturity securities were composed of $1,021 million and $5,391 million , respectively, related to “1” highest quality or “2” high quality securities based on the National Association of Insurance Commissioners (“NAIC”) or equivalent rating and $521 million and $1,000 million , respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of September 30, 2019 , the $1,199 million of gross unrealized losses of twelve months or more were concentrated in the Company’s corporate securities within the energy, consumer non-cyclical and finance sectors. As of December 31, 2018 , the $3,283 million of gross unrealized losses of twelve months or more were concentrated in U.S. government bonds and in the Company’s corporate securities within the utility, consumer non-cyclical and finance sectors. In accordance with its policy described in Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 , the Company concluded that an adjustment to earnings for OTTI for these fixed maturity securities was not warranted at either September 30, 2019 or December 31, 2018 . These conclusions were based on a detailed analysis of the underlying credit and cash flows on each security. Gross unrealized losses are primarily attributable to general credit spread widening, increases in interest rates and foreign currency exchange rate movements. As of September 30, 2019 , the Company did not intend to sell these securities, and it was not more likely than not that the Company would be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. The following table sets forth the amortized cost and fair value of fixed maturities by contractual maturities, as of the date indicated: September 30, 2019 Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value (in millions) Fixed maturities: Due in one year or less $ 14,490 $ 15,011 $ 29 $ 29 Due after one year through five years 50,551 53,730 114 117 Due after five years through ten years 66,752 73,205 595 664 Due after ten years(1) 179,241 217,033 892 1,197 Asset-backed securities 13,652 13,785 0 0 Commercial mortgage-backed securities 14,934 15,768 0 0 Residential mortgage-backed securities 2,947 3,125 328 352 Total $ 342,567 $ 391,657 $ 1,958 $ 2,359 __________ (1) Excludes available-for-sale notes with amortized cost of $4,356 million (fair value, $4,356 million ) and held-to-maturity notes with amortized cost of $4,914 million (fair value, $5,362 million ), which have been offset with the associated debt under a netting agreement. Actual maturities may differ from contractual maturities, because issuers may have the right to call or prepay obligations. Asset-backed, commercial mortgage-backed and residential mortgage-backed securities are shown separately in the table above, as they do not have a single maturity date. The following table sets forth the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on impairments of fixed maturities, for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in millions) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 7,190 $ 7,135 $ 24,011 $ 26,209 Proceeds from maturities/prepayments 5,315 4,941 14,507 16,720 Gross investment gains from sales and maturities 565 254 1,276 1,038 Gross investment losses from sales and maturities (62 ) (146 ) (345 ) (590 ) OTTI recognized in earnings(2) (143 ) (32 ) (242 ) (129 ) Fixed maturities, held-to-maturity: Proceeds from maturities/prepayments(3) $ 47 $ 17 $ 84 $ 76 __________ (1) Includes $162 million and $26 million of non-cash related proceeds due to the timing of trade settlements for the nine months ended September 30, 2019 and 2018 , respectively. (2) Excludes the portion of OTTI amounts remaining in OCI, representing any difference between the fair value of the impaired debt security and the net present value of its projected future cash flows at the time of impairment. (3) Includes less than $1 million of non-cash related proceeds due to the timing of trade settlements for both the nine months ended September 30, 2019 and 2018 . The following table sets forth a rollforward of pre-tax amounts remaining in OCI related to fixed maturity securities with credit loss impairments recognized in earnings, for the periods indicated: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Credit loss impairments: Balance in OCI, beginning of period $ 142 $ 163 $ 140 $ 319 New credit loss impairments 38 1 58 1 Additional credit loss impairments on securities previously impaired 3 0 11 0 Increases due to the passage of time on previously recorded credit losses 2 2 5 8 Reductions for securities which matured, paid down, prepaid or were sold during the period (9 ) (5 ) (36 ) (160 ) Reductions for securities impaired to fair value during the period(1) (11 ) (1 ) (11 ) (5 ) Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected (1 ) 0 (3 ) (3 ) Balance in OCI, end of period $ 164 $ 160 $ 164 $ 160 __________ (1) Represents circumstances where the Company determined in the current period that it intends to sell the security or it is more likely than not that it will be required to sell the security before recovery of the security’s amortized cost. Assets Supporting Experience-Rated Contractholder Liabilities The following table sets forth the composition of “Assets supporting experience-rated contractholder liabilities,” as of the dates indicated: September 30, 2019 December 31, 2018 Amortized Fair Value Amortized Fair Value (in millions) Short-term investments and cash equivalents $ 489 $ 489 $ 215 $ 215 Fixed maturities: Corporate securities 13,548 13,949 13,258 13,119 Commercial mortgage-backed securities 2,084 2,152 2,346 2,324 Residential mortgage-backed securities(1) 1,034 1,057 828 811 Asset-backed securities(2) 1,678 1,708 1,649 1,665 Foreign government bonds 798 819 1,087 1,083 U.S. government authorities and agencies and obligations of U.S. states 339 400 538 577 Total fixed maturities(3) 19,481 20,085 19,706 19,579 Equity securities 1,474 1,693 1,378 1,460 Total assets supporting experience-rated contractholder liabilities(4) $ 21,444 $ 22,267 $ 21,299 $ 21,254 __________ (1) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (2) Includes collateralized loan obligations, auto loans, education loans, home equity loans and other asset types. Collateralized loan obligations at fair value were $1,063 million and $1,028 million as of September 30, 2019 and December 31, 2018 , respectively, all of which were rated AAA. (3) As a percentage of amortized cost, 94% and 93% of the portfolio was considered high or highest quality based on NAIC or equivalent ratings, as of September 30, 2019 and December 31, 2018 , respectively. (4) As a percentage of amortized cost, 78% of the portfolio consisted of public securities as of both September 30, 2019 and December 31, 2018 . The net change in unrealized gains (losses) from assets supporting experience-rated contractholder liabilities still held at period end, recorded within “Other income (loss),” was $99 million and $34 million during the three months ended September 30, 2019 and 2018 , respectively, and $868 million and $(562) million during the nine months ended September 30, 2019 and 2018 , respectively. Equity Securities The net change in unrealized gains (losses) from equity securities still held at period end, recorded within “Other income (loss),” was $52 million and $92 million during the three months ended September 30, 2019 and 2018, respectively, and $632 million and $(266) million during the nine months ended September 30, 2019 and 2018, respectively. Concentrations of Financial Instruments The Company monitors its concentrations of financial instruments and mitigates credit risk by maintaining a diversified investment portfolio which limits exposure to any single issuer. As of the dates indicated, the Company’s exposure to concentrations of credit risk of single issuers greater than 10% of the Company’s equity included securities of the U.S. government and certain U.S. government agencies and securities guaranteed by the U.S. government, as well as the securities disclosed below: September 30, 2019 December 31, 2018 Amortized Fair Value Amortized Fair Value (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 73,835 $ 90,680 $ 71,952 $ 84,461 Fixed maturities, held-to-maturity 874 1,170 864 1,127 Fixed maturities, trading 23 23 22 22 Assets supporting experience-rated contractholder liabilities 632 654 691 697 Total $ 75,364 $ 92,527 $ 73,529 $ 86,307 September 30, 2019 December 31, 2018 Amortized Fair Value Amortized Fair Value (in millions) Investments in South Korean government and government agency securities: Fixed maturities, available-for-sale $ 10,224 $ 13,155 $ 10,339 $ 12,586 Assets supporting experience-rated contractholder liabilities 15 16 15 15 Total $ 10,239 $ 13,171 $ 10,354 $ 12,601 Commercial Mortgage and Other Loans The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: September 30, 2019 December 31, 2018 Amount (in millions) % of Total Amount (in millions) % of Total Commercial mortgage and agricultural property loans by property type: Office $ 12,809 21.0 % $ 13,280 22.4 % Retail 8,385 13.7 8,639 14.6 Apartments/Multi-Family 17,112 28.0 16,538 28.0 Industrial 13,262 21.7 11,574 19.6 Hospitality 2,196 3.6 1,931 3.3 Other 3,862 6.3 3,846 6.5 Total commercial mortgage loans 57,626 94.3 55,808 94.4 Agricultural property loans 3,510 5.7 3,316 5.6 Total commercial mortgage and agricultural property loans by property type 61,136 100.0 % 59,124 100.0 % Allowance for credit losses (117 ) (123 ) Total net commercial mortgage and agricultural property loans by property type 61,019 59,001 Other loans: Uncollateralized loans 660 660 Residential property loans 132 157 Other collateralized loans 26 17 Total other loans 818 834 Allowance for credit losses (4 ) (5 ) Total net other loans 814 829 Total commercial mortgage and other loans(1) $ 61,833 $ 59,830 __________ (1) Includes loans held for sale which are carried at fair value and are collateralized primarily by apartment complexes. As of September 30, 2019 and December 31, 2018 , the net carrying value of these loans was $551 million and $763 million , respectively. As of September 30, 2019 , the commercial mortgage and agricultural property loans were secured by properties geographically dispersed throughout the United States (with the largest concentrations in California (28%) , Texas (9%) and New York (7%) ) and included loans secured by properties in Europe (6%) , Australia (1%) and Asia (1%) . The following table sets forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Balance at December 31, 2017 $ 97 $ 3 $ 1 $ 0 $ 5 $ 106 Addition to (release of) allowance for credit losses 23 0 (1 ) 0 0 22 Charge-offs, net of recoveries 0 0 0 0 0 0 Change in foreign exchange 0 0 0 0 0 0 Balance at December 31, 2018 120 3 0 0 5 128 Addition to (release of) allowance for credit losses (5 ) 0 0 0 (1 ) (6 ) Charge-offs, net of recoveries (1 ) 0 0 0 0 (1 ) Change in foreign exchange 0 0 0 0 0 0 Balance at September 30, 2019 $ 114 $ 3 $ 0 $ 0 $ 4 $ 121 The following tables set forth the allowance for credit losses and the recorded investment in commercial mortgage and other loans, as of the dates indicated: September 30, 2019 Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Allowance for credit losses: Individually evaluated for impairment $ 7 $ 0 $ 0 $ 0 $ 0 $ 7 Collectively evaluated for impairment 107 3 0 0 4 114 Total ending balance(1) $ 114 $ 3 $ 0 $ 0 $ 4 $ 121 Recorded investment(2): Individually evaluated for impairment $ 41 $ 16 $ 0 $ 0 $ 0 $ 57 Collectively evaluated for impairment 57,585 3,494 132 26 660 61,897 Total ending balance(1) $ 57,626 $ 3,510 $ 132 $ 26 $ 660 $ 61,954 __________ (1) As of September 30, 2019 , there were no loans acquired with deteriorated credit quality. (2) Recorded investment reflects the carrying value gross of related allowance. December 31, 2018 Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Allowance for credit losses: Individually evaluated for impairment $ 19 $ 0 $ 0 $ 0 $ 0 $ 19 Collectively evaluated for impairment 101 3 0 0 5 109 Total ending balance(1) $ 120 $ 3 $ 0 $ 0 $ 5 $ 128 Recorded investment(2): Individually evaluated for impairment $ 67 $ 35 $ 0 $ 0 $ 2 $ 104 Collectively evaluated for impairment 55,741 3,281 157 17 658 59,854 Total ending balance(1) $ 55,808 $ 3,316 $ 157 $ 17 $ 660 $ 59,958 __________ (1) As of December 31, 2018 , there were no loans acquired with deteriorated credit quality. (2) Recorded investment reflects the carrying value gross of related allowance. The following tables set forth certain key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the date indicated: Commercial mortgage loans September 30, 2019 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 30,196 $ 798 $ 81 $ 31,075 60%-69.99% 17,649 556 0 18,205 70%-79.99% 7,283 762 9 8,054 80% or greater 90 143 59 292 Total commercial mortgage loans $ 55,218 $ 2,259 $ 149 $ 57,626 Agricultural property loans September 30, 2019 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 3,234 $ 157 $ 14 $ 3,405 60%-69.99% 105 0 0 105 70%-79.99% 0 0 0 0 80% or greater 0 0 0 0 Total agricultural property loans $ 3,339 $ 157 $ 14 $ 3,510 Total commercial mortgage and agricultural property loans September 30, 2019 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 33,430 $ 955 $ 95 $ 34,480 60%-69.99% 17,754 556 0 18,310 70%-79.99% 7,283 762 9 8,054 80% or greater 90 143 59 292 Total commercial mortgage and agricultural property loans $ 58,557 $ 2,416 $ 163 $ 61,136 The following tables set forth certain key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the date indicated: Commercial mortgage loans December 31, 2018 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 30,325 $ 538 $ 161 $ 31,024 60%-69.99% 16,538 621 0 17,159 70%-79.99% 6,324 754 41 7,119 80% or greater 332 142 32 506 Total commercial mortgage loans $ 53,519 $ 2,055 $ 234 $ 55,808 Agricultural property loans December 31, 2018 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 2,997 $ 198 $ 57 $ 3,252 60%-69.99% 64 0 0 64 70%-79.99% 0 0 0 0 80% or greater 0 0 0 0 Total agricultural property loans $ 3,061 $ 198 $ 57 $ 3,316 Total commercial mortgage and agricultural property loans December 31, 2018 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 33,322 $ 736 $ 218 $ 34,276 60%-69.99% 16,602 621 0 17,223 70%-79.99% 6,324 754 41 7,119 80% or greater 332 142 32 506 Total commercial mortgage and agricultural property loans $ 56,580 $ 2,253 $ 291 $ 59,124 The following tables set forth an aging of past due commercial mortgage and other loans based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated: September 30, 2019 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Past Due Total Non-Accrual (in millions) Commercial mortgage loans $ 57,626 $ 0 $ 0 $ 0 $ 0 $ 57,626 $ 21 Agricultural property loans 3,494 0 0 16 16 3,510 16 Residential property loans 129 1 1 1 3 132 1 Other collateralized loans 26 0 0 0 0 26 0 Uncollateralized loans 660 0 0 0 0 660 0 Total $ 61,935 $ 1 $ 1 $ 17 $ 19 $ 61,954 $ 38 __________ (1) As of September 30, 2019 , there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . December 31, 2018 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Past Due Total Non-Accrual (in millions) Commercial mortgage loans $ 55,808 $ 0 $ 0 $ 0 $ 0 $ 55,808 $ 66 Agricultural property loans 3,301 0 0 15 15 3,316 18 Residential property loans 154 1 0 2 3 157 3 Other collateralized loans 17 0 0 0 0 17 0 Uncollateralized loans 660 0 0 0 0 660 0 Total $ 59,940 $ 1 $ 0 $ 17 $ 18 $ 59,958 $ 87 __________ (1) As of December 31, 2018 , there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . Other Invested Assets The following table sets forth the composition of “Other invested assets,” as of the dates indicated: September 30, 2019 December 31, 2018 (in millions) LPs/LLCs: Equity method: Private equity $ 3,497 $ 3,182 Hedge funds 1,721 1,337 Real estate-related 1,421 1,207 Subtotal equity method 6,639 5,726 Fair value: Private equity 1,656 1,684 Hedge funds 2,105 2,135 Real estate-related 342 296 Subtotal fair value 4,103 4,115 Total LPs/LLCs 10,742 9,841 Real estate held through direct ownership(1) 2,359 2,466 Derivative instruments 1,398 1,155 Other(2) 1,155 1,064 Total other invested assets $ 15,654 $ 14,526 _________ (1) As of September 30, 2019 and December 31, 2018 , real estate held through direct ownership had mortgage debt of $577 million and $776 million , respectively. (2) Primarily includes strategic investments made by investment management operations, leveraged leases and member and activity stock held in the Federal Home Loan Banks of New York and Boston. For additional information regarding the Company’s holdings in the Federal Home Loan Banks of New York and Boston, see Note 16 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . Net Investment Income The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Fixed maturities, available-for-sale(1) $ 3,191 $ 2,981 $ 9,429 $ 8,936 Fixed maturities, held-to-maturity(1) 58 57 173 169 Fixed maturities, trading 37 44 109 105 Assets supporting experience-rated contractholder liabilities, at fair value 191 181 558 553 Equity securities, at fair value 38 29 119 123 Commercial mortgage and other loans 636 586 1,863 1,749 Policy loans 160 154 463 462 Other invested assets 251 152 727 456 Short-term investments and cash equivalents 123 91 356 245 Gross investment income 4,685 4,275 13,797 12,798 Less: investment expenses (247 ) (229 ) (753 ) (658 ) Net investment income $ 4,438 $ 4,046 $ 13,044 $ 12,140 __________ (1) Includes income on credit-linked notes which are reported on the same financial statement line item as related surplus notes, as conditions are met for right to offset. Realized Investment Gains (Losses), Net The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Fixed maturities(1) $ 360 $ 76 $ 689 $ 319 Commercial mortgage and other loans 20 16 34 33 Investment real estate 38 (1 ) 38 61 LPs/LLCs 2 0 (1 ) 16 Derivatives 433 62 (1,010 ) 835 Other 0 (2 ) 1 (3 ) Realized investment gains (losses), net $ 853 $ 151 $ (249 ) $ 1,261 __________ (1) Net Unrealized Gains (Losses) on Investments within AOCI The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: September 30, December 31, (in millions) Fixed maturity securities, available-for-sale—with OTTI $ 232 $ 190 Fixed maturity securities, available-for-sale—all other 48,858 21,721 Derivatives designated as cash flow hedges(1) 1,584 811 Other investments(2) (30 ) (2 ) Net unrealized gains (losses) on investments $ 50,644 $ 22,720 __________ (1) For more information on cash flow hedges, see Note 5. (2) As of September 30, 2019 , there were no Repurchase Agreements and Securities Lending In the normal course of business, the Company sells securities under agreements to repurchase and enters into securities lending transactions. The following table sets forth the composition of “Securities sold under agreements to repurchase,” as of the dates indicated: September 30, 2019 December 31, 2018 Remaining Contractual Maturities of the Agreements Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days Total Overnight & Continuous Up to 30 Days Total (in millions) U.S. Treasury securities and obligations of U.S. government authorities and agencies(1) $ 8,985 $ 0 $ 8,985 $ 9,418 $ 171 $ 9,589 U.S. public corporate securities 0 0 0 19 0 19 Residential mortgage-backed securities(1) 256 0 256 342 0 342 Total securities sold under agreements to repurchase(1)(2) $ 9,241 $ 0 $ 9,241 $ 9,779 $ 171 $ 9,950 __________ (1) Prior period amounts have been updated to conform to current period presentation. (2) The Company did no t have any agreements with remaining contractual maturities of thirty days or greater, as of the dates indicated. The following table sets forth the composition of “Cash collateral for loaned securities,” which represents the liability to return cash collateral received for the following types of securities loaned, as of the dates indicated: September 30, 2019 December 31, 2018 Remaining Contractual Maturities of the Agreements Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days Total Overnight & Continuous Up to 30 Days Total (in millions) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 1 $ 0 $ 1 $ 105 $ 0 $ 105 Obligations of U.S. states and their political subdivisions 44 0 44 88 0 88 Foreign government bonds 367 0 367 325 0 325 U.S. public corporate securities 3,295 0 3,295 2,563 0 2,563 Foreign public corporate securities 795 0 795 693 0 693 Equity securities 226 0 226 155 0 155 Total cash collateral for loaned securities(1) $ 4,728 $ 0 $ 4,728 $ 3,929 $ 0 $ 3,929 __________ (1) The Company did no t have any agreements with remaining contractual maturities of thirty days or greater, as of the dates indicated.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2019
Variable Interest Entity, Measure of Activity [Abstract]
Variable Interest Entities	VARIABLE INTEREST ENTITIES In the normal course of its activities, the Company enters into relationships with various special-purpose entities and other entities that are deemed to be variable interest entities (“VIEs”). For additional information, see Note 4 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. Consolidated Variable Interest Entities The table below reflects the carrying amount and balance sheet caption in which the assets and liabilities of consolidated VIEs are reported. The liabilities primarily comprise obligations under debt instruments issued by the VIEs. The creditors of these VIEs do not have recourse to the Company in excess of the assets contained within the VIEs. Consolidated VIEs for which the Company is the Investment Manager(1) Other Consolidated VIEs(1) September 30, December 31, September 30, December 31, (in millions) Fixed maturities, available-for-sale $ 107 $ 73 $ 291 $ 282 Fixed maturities, held-to-maturity 83 95 843 831 Fixed maturities, trading 1,134 1,076 0 0 Assets supporting experience-rated contractholder liabilities 0 0 4 8 Equity securities 54 41 0 0 Commercial mortgage and other loans 765 730 0 0 Other invested assets 1,955 1,526 97 77 Cash and cash equivalents 136 131 0 0 Accrued investment income 4 5 4 4 Other assets 455 463 705 721 Total assets of consolidated VIEs $ 4,693 $ 4,140 $ 1,944 $ 1,923 Other liabilities $ 310 $ 295 $ 17 $ 17 Notes issued by consolidated VIEs(2) 1,233 955 0 0 Total liabilities of consolidated VIEs $ 1,543 $ 1,250 $ 17 $ 17 __________ (1) Total assets of consolidated VIEs reflect $2,370 million and $2,013 million as of September 30, 2019 and December 31, 2018 , respectively, related to VIEs whose beneficial interests are wholly-owned by consolidated subsidiaries. (2) Recourse is limited to the assets of the respective VIE and does not extend to the general credit of the Company . As of September 30, 2019 and December 31, 2018 , the maturities of these obligations were greater than five years . Unconsolidated Variable Interest Entities The Company has determined that it is not the primary beneficiary of certain VIEs for which it is the investment manager. The Company’s maximum exposure to loss resulting from its relationship with unconsolidated VIEs for which it is the investment manager is limited to its investment in the VIEs, which was $960 million and $836 million at September 30, 2019 and December 31, 2018 , respectively. These investments are reflected in “Fixed maturities, available-for-sale,” “Fixed maturities, trading,” “Equity securities” and “Other invested assets.” There are no liabilities associated with these unconsolidated VIEs on the Company’s Unaudited Interim Consolidated Statements of Financial Position. In the normal course of its activities, the Company will invest in limited partnerships and limited liability companies (“LPs/LLCs”), which include hedge funds, private equity funds and real estate-related funds and may or may not be VIEs. The Company’s maximum exposure to loss on these investments, both VIEs and non-VIEs, is limited to the amount of its investment. The Company classifies these investments as “Other invested assets” and its maximum exposure to loss associated with these entities was $10,742 million and $9,841 million as of September 30, 2019 and December 31, 2018 , respectively. In addition, in the normal course of its activities, the Company will invest in structured investments including VIEs for which it is not the investment manager. These structured investments typically invest in fixed income investments and are managed by third-parties and include asset-backed securities, commercial mortgage-backed securities and residential mortgage-backed securities. The Company’s maximum exposure to loss on these structured investments, both VIEs and non-VIEs, is limited to the amount of its investment. See Note 3 for details regarding the carrying amounts and classification of these assets. The Company has not provided material financial or other support that was not contractually required to these structures. The Company has determined that it is not the primary beneficiary of these structures due to the fact that it does not control these entities.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVE INSTRUMENTS Types of Derivative Instruments and Derivative Strategies The Company utilizes various derivatives instruments and strategies to manage its risk. Commonly used derivative instruments include, but are not necessarily limited to: • Interest rate contracts: futures, swaps, forwards, options, caps and floors • Equity contracts: futures, options and total return swaps • Foreign exchange contracts: futures, options, forwards and swaps • Credit contracts: single and index reference credit default swaps Other types of financial contracts that the Company accounts for as derivatives are: • To-be-announced (“TBA”) forward contracts, loan commitments, embedded derivatives and synthetic guaranteed investment contracts (“GICs”). For detailed information on these contracts and the related strategies, see Note 5 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . Primary Risks Managed by Derivatives The table below provides a summary of the gross notional amount and fair value of derivatives contracts by the primary underlying risks, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the value of derivative contracts prior to taking into account the netting effects of master netting agreements, cash collateral and non-performance risk (“NPR”). This netting impact results in total derivative assets of $1,389 million and $1,148 million as of September 30, 2019 and December 31, 2018 , respectively, and total derivative liabilities of $134 million and $127 million as of September 30, 2019 and December 31, 2018 , respectively, reflected in the Unaudited Interim Consolidated Statements of Financial Position. Primary Underlying Risk /Instrument Type September 30, 2019 December 31, 2018 Fair Value Fair Value Gross Notional Assets Liabilities Gross Notional Assets Liabilities (in millions) Derivatives Designated as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 3,148 $ 815 $ (83 ) $ 3,885 $ 305 $ (67 ) Interest Rate Forwards 106 10 0 600 26 0 Foreign Currency Foreign Currency Forwards 1,480 57 (11 ) 722 26 (2 ) Currency/Interest Rate Foreign Currency Swaps 21,698 2,245 (145 ) 20,724 1,520 (358 ) Total Derivatives Designated as Hedge Accounting Instruments $ 26,432 $ 3,127 $ (239 ) $ 25,931 $ 1,877 $ (427 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 140,554 $ 13,558 $ (6,471 ) $ 140,963 $ 5,792 $ (3,435 ) Interest Rate Futures 21,598 6 (3 ) 13,991 23 (2 ) Interest Rate Options 17,983 899 (252 ) 24,002 147 (314 ) Interest Rate Forwards 2,199 24 0 5,049 72 0 Foreign Currency Foreign Currency Forwards 25,553 359 (127 ) 19,849 246 (138 ) Foreign Currency Options 0 0 0 2 0 0 Currency/Interest Rate Foreign Currency Swaps 13,626 990 (387 ) 13,784 773 (421 ) Credit Credit Default Swaps 1,033 18 (15 ) 5,207 33 (23 ) Equity Equity Futures 1,398 0 (5 ) 1,141 0 (8 ) Equity Options 34,498 401 (625 ) 58,693 384 (554 ) Total Return Swaps 17,942 135 (153 ) 17,309 1,131 (86 ) Other Other(1) 1,257 0 0 508 0 0 Synthetic GICs 80,102 1 0 79,215 2 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 357,743 $ 16,391 $ (8,038 ) $ 379,713 $ 8,603 $ (4,981 ) Total Derivatives(2)(3) $ 384,175 $ 19,518 $ (8,277 ) $ 405,644 $ 10,480 $ (5,408 ) __________ (1) “Other” primarily includes derivative contracts used to improve the balance of the Company’s tail longevity and mortality risk. Under these contracts, the Company’s gains (losses) are capped at the notional amount. (2) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $17,463 million and $8,959 million as of September 30, 2019 and December 31, 2018 , respectively, primarily included in “Future policy benefits.” (3) Recorded in “Other invested assets” and “Other liabilities” on the Unaudited Interim Consolidated Statements of Financial Position. As of September 30, 2019 , the following amounts were recorded on the Unaudited Interim Consolidated Statements of Financial Position related to the carrying amount of the hedged assets (liabilities) and cumulative basis adjustments included in the carrying amount for fair value hedges. Balance Sheet Line Item in which Hedged Item is Recorded Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets (Liabilities)(1) (in millions) Fixed maturities, available-for-sale, at fair value $ 395 $ 71 Commercial mortgage and other loans $ 24 $ 2 Policyholders’ account balances $ (1,456 ) $ (201 ) Future policy benefits $ (751 ) $ (253 ) ________ (1) There were no fair value hedging adjustments for hedged assets and liabilities for which hedge accounting has been discontinued. Most of the Company’s derivatives do not qualify for hedge accounting for various reasons. For example: (i) derivatives that economically hedge embedded derivatives do not qualify for hedge accounting because changes in the fair value of the embedded derivatives are already recorded in net income; (ii) derivatives that are utilized as macro hedges of the Company’s exposure to various risks typically do not qualify for hedge accounting because they do not meet the criteria required under portfolio hedge accounting rules; and (iii) synthetic GICs, which are product standalone derivatives, do not qualify as hedging instruments under hedge accounting rules. Offsetting Assets and Liabilities The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. September 30, 2019 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Statements of Financial Position Net Amounts Presented in the Statements of Financial Position Financial Instruments/ Collateral(1) Net Amount (in millions) Offsetting of Financial Assets: Derivatives(1) $ 19,426 $ (18,128 ) $ 1,298 $ (1,034 ) $ 264 Securities purchased under agreement to resell 1,437 0 1,437 (1,437 ) 0 Total assets $ 20,863 $ (18,128 ) $ 2,735 $ (2,471 ) $ 264 Offsetting of Financial Liabilities: Derivatives(1) $ 8,264 $ (8,143 ) $ 121 $ (97 ) $ 24 Securities sold under agreement to repurchase 9,241 0 9,241 (9,241 ) 0 Total liabilities $ 17,505 $ (8,143 ) $ 9,362 $ (9,338 ) $ 24 December 31, 2018 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Statements of Financial Position Net Amounts Presented in the Statements of Financial Position Financial Net Amount (in millions) Offsetting of Financial Assets: Derivatives(1) $ 10,407 $ (9,331 ) $ 1,076 $ (614 ) $ 462 Securities purchased under agreement to resell 986 0 986 (986 ) 0 Total assets $ 11,393 $ (9,331 ) $ 2,062 $ (1,600 ) $ 462 Offsetting of Financial Liabilities: Derivatives(1) $ 5,387 $ (5,281 ) $ 106 $ (45 ) $ 61 Securities sold under agreement to repurchase 9,950 0 9,950 (9,950 ) 0 Total liabilities $ 15,337 $ (5,281 ) $ 10,056 $ (9,995 ) $ 61 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty. For information regarding the rights of offset associated with the derivative assets and liabilities in the table above, see “—Counterparty Credit Risk” below. For securities purchased under agreements to resell and securities sold under agreements to repurchase, the Company monitors the value of the securities and maintains collateral, as appropriate, to protect against credit exposure. Where the Company has entered into repurchase and resale agreements with the same counterparty, in the event of default, the Company would generally be permitted to exercise rights of offset. For additional information on the Company’s accounting policy for securities repurchase and resale agreements, see Note 2 to the Company’s Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2018 . Fair Value, Cash Flow and Net Investment Hedges The primary derivative instruments used by the Company in its fair value, cash flow and net investment hedge accounting relationships are interest rate swaps, currency swaps and currency forwards. These instruments are only designated for hedge accounting in instances where the appropriate criteria are met. The Company does not use futures, options, credit, equity or embedded derivatives in any of its fair value, cash flow or net investment hedge accounting relationships. The following table provides the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, including the offset of the hedged item in fair value hedge relationships. Three Months Ended September 30, 2019 Realized Net Other Interest Interest Policyholders’ Benefits AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ (10 ) $ (2 ) $ 0 $ 0 $ 115 $ 102 $ 0 Currency 1 0 0 0 0 0 0 Total gains (losses) on derivatives designated as hedge instruments (9 ) (2 ) 0 0 115 102 0 Gains (losses) on the hedged item: Interest Rate 10 5 0 0 (116 ) (103 ) 0 Currency (1 ) 1 0 0 0 0 0 Total gains (losses) on hedged item 9 6 0 0 (116 ) (103 ) 0 Total gains (losses) on fair value hedges net of hedged item 0 4 0 0 (1 ) (1 ) 0 Cash flow hedges Interest Rate 56 1 0 0 0 0 (38 ) Currency 3 0 0 0 0 0 4 Currency/Interest Rate 57 70 140 0 0 0 601 Total gains (losses) on cash flow hedges 116 71 140 0 0 0 567 Net investment hedges Currency 0 0 0 0 0 0 9 Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 9 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 3,356 0 0 0 0 0 0 Currency 158 0 5 0 0 0 0 Currency/Interest Rate 364 0 2 0 0 0 0 Credit 4 0 0 0 0 0 0 Equity (133 ) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 Embedded Derivatives (3,427 ) 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments 322 0 7 0 0 0 0 Total $ 438 $ 75 $ 147 $ 0 $ (1 ) $ (1 ) $ 576 Nine Months Ended September 30, 2019 Realized Net Other Interest Interest Policyholders’ Benefits AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ (24 ) $ (5 ) $ 0 $ 0 $ 283 $ 233 $ 0 Currency 2 0 0 0 0 0 0 Total gains (losses) on derivatives designated as hedge instruments (22 ) (5 ) 0 0 283 233 0 Gains (losses) on the hedged item: Interest Rate 21 16 0 0 (280 ) (222 ) 0 Currency (1 ) 2 0 0 0 0 0 Total gains (losses) on hedged item 20 18 0 0 (280 ) (222 ) 0 Total gains (losses) on fair value hedges net of hedged item (2 ) 13 0 0 3 11 0 Cash flow hedges Interest Rate 55 1 0 0 0 0 (16 ) Currency 5 0 0 0 0 0 9 Currency/Interest Rate 96 207 135 0 0 0 771 Total gains (losses) on cash flow hedges 156 208 135 0 0 0 764 Net investment hedges Currency 0 0 0 0 0 0 12 Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 12 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 7,090 0 0 0 0 0 0 Currency 242 0 4 0 0 0 0 Currency/Interest Rate 568 0 2 0 0 0 0 Credit 107 0 0 0 0 0 0 Equity (2,560 ) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 Embedded Derivatives (6,607 ) 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (1,160 ) 0 6 0 0 0 0 Total $ (1,006 ) $ 221 $ 141 $ 0 $ 3 $ 11 $ 776 Three Months Ended September 30, 2018(2) Realized Net Other Interest Interest AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 6 $ (2 ) $ 0 $ 0 $ (39 ) $ 0 Currency (1 ) 0 0 0 0 0 Total gains (losses) on derivatives designated as hedge instruments 5 (2 ) 0 0 (39 ) 0 Gains (losses) on the hedged item: Interest Rate (6 ) 6 0 0 42 0 Currency 1 1 0 0 0 0 Total gains (losses) on hedged item (5 ) 7 0 0 42 0 Total gains (losses) on fair value hedges net of hedged item 0 5 0 0 3 0 Cash flow hedges Interest Rate 0 0 0 0 0 7 Currency 1 0 0 0 0 4 Currency/Interest Rate 26 56 42 0 0 29 Total gains (losses) on cash flow hedges 27 56 42 0 0 40 Net investment hedges Currency 0 0 0 0 0 0 Currency/Interest Rate 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (960 ) 0 0 0 0 0 Currency (140 ) 0 (1 ) 0 0 0 Currency/Interest Rate 200 0 1 0 0 0 Credit 15 0 0 0 0 0 Equity (674 ) 0 0 0 0 0 Other 1 0 0 0 0 0 Embedded Derivatives 1,596 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments 38 0 0 0 0 0 Total $ 65 $ 61 $ 42 $ 0 $ 3 $ 40 Nine Months Ended September 30, 2018(2) Realized Net Other Interest Interest AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 28 $ (8 ) $ 0 $ 0 $ (150 ) $ 0 Currency 1 0 0 0 0 0 Total gains (losses) on derivatives designated as hedge instruments 29 (8 ) 0 0 (150 ) 0 Gains (losses) on the hedged item: Interest Rate (30 ) 25 0 0 157 0 Currency (2 ) 3 0 0 0 0 Total gains (losses) on hedged item (32 ) 28 0 0 157 0 Total gains (losses) on fair value hedges net of hedged item (3 ) 20 0 0 7 0 Cash flow hedges Interest Rate 3 0 0 (1 ) 0 13 Currency 1 0 0 0 0 13 Currency/Interest Rate 53 156 159 0 0 152 Total gains (losses) on cash flow hedges 57 156 159 (1 ) 0 178 Net investment hedges Currency 0 0 0 0 0 3 Currency/Interest Rate 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 3 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (2,909 ) 0 0 0 0 0 Currency 140 0 0 0 0 0 Currency/Interest Rate 225 0 2 0 0 0 Credit 10 0 0 0 0 0 Equity (923 ) 0 0 0 0 0 Other 0 0 0 0 0 0 Embedded Derivatives 4,233 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments 776 0 2 0 0 0 Total $ 830 $ 176 $ 161 $ (1 ) $ 7 $ 181 _________ (1) Net change in AOCI. (2) Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in millions) Balance, December 31, 2018 $ 811 Cumulative-effect adjustment from the adoption of ASU 2017-12(1) 9 Amount recorded in AOCI Interest Rate 40 Currency 14 Currency/Interest Rate 1,209 Total amount recorded in AOCI 1,263 Amount reclassified from AOCI to income Interest Rate (56 ) Currency (5 ) Currency/Interest Rate (438 ) Total amount reclassified from AOCI to income (499 ) Balance, September 30, 2019 $ 1,584 _________ (1) See Note 2 for details. The changes in fair value of cash flow hedges are deferred in AOCI and are included in “Net unrealized investment gains (losses)” in the Unaudited Interim Consolidated Statements of Comprehensive Income; these amounts are then reclassified to earnings when the hedged item affects earnings. Using September 30, 2019 values, it is estimated that a pre-tax gain of approximately $286 million is expected to be reclassified from AOCI to earnings during the subsequent twelve months ending September 30, 2020 , offset by amounts pertaining to the hedged items. The exposures the Company is hedging with these qualifying cash flow hedges include the variability of future cash flows from forecasted transactions denominated in foreign currencies, the purchases of invested assets, and the receipt or payment of variable interest on existing financial instruments. The maximum length of time over which the Company is hedging its exposure to the variability in future cash flows for forecasted transactions is 10 years . There were no material amounts reclassified from AOCI into earnings relating to instances in which the Company discontinued cash flow hedge accounting because the forecasted transaction did not occur by the anticipated date or within the additional time period permitted by the authoritative guidance for the accounting for derivatives and hedging. In addition, there were no instances in which the Company discontinued fair value hedge accounting due to a hedged firm commitment no longer qualifying as a fair value hedge. For effective net investment hedges, the amounts, before applicable taxes, recorded in the cumulative translation adjustment within AOCI were $544 million and $532 million as of September 30, 2019 and December 31, 2018 , respectively. Credit Derivatives Credit derivatives, where the Company has written credit protection on a single name reference, had outstanding notional amounts of $100 million and $ 110 million as of September 30, 2019 and December 31, 2018 , respectively. These credit derivatives are reported at fair value as an asset of $1 million as of both September 30, 2019 and December 31, 2018 . As of September 30, 2019 , the notional amount of these credit derivatives had the following NAIC ratings: $ 48 million in NAIC 1; $ 48 million in NAIC 2; and $4 million in NAIC 3. The Company has also written credit protection on certain index references with notional amounts of $659 million and $4,953 million as of September 30, 2019 and December 31, 2018 , respectively. These credit derivatives are reported at fair value as an asset of $16 million and $ 10 million as of September 30, 2019 and December 31, 2018 , respectively. As of September 30, 2019 , the notional amount of these credit derivatives had the following NAIC ratings: $ 50 million in NAIC 1; $500 million in NAIC 3; and $109 million NAIC 6. NAIC designations are based on the lowest rated single name reference included in the index. The Company’s maximum amount at risk under these credit derivatives equals the aforementioned notional amounts and assumes the value of the underlying referenced securities become worthless. The single name credit derivatives have maturities of less than 1 year , while the index references have maturities of less than 28 years . In addition to writing credit protection, the Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio. As of September 30, 2019 and December 31, 2018 , the Company had $274 million and $145 million of outstanding notional amounts and reported at fair value as a liability of $14 million and $ 1 million Counterparty Credit Risk The Company is exposed to credit-related losses in the event of non-performance by counterparties to financial derivative transactions with a positive fair value. The Company manages credit risk by: (i) entering into derivative transactions with highly rated major international financial institutions and other creditworthy counterparties governed by master netting agreements, as applicable; (ii) trading through central clearing and over-the-counter (“OTC”) parties; (iii) obtaining collateral, such as cash and securities, when appropriate; and (iv) setting limits on single party credit exposures which are subject to periodic management review. Substantially all of the Company’s derivative agreements have zero thresholds which require daily full collateralization by the party in a liability position. In addition, certain of the Company’s derivative agreements contain credit-risk related contingent features; if the credit rating of one of the parties to the derivative agreement is to fall below a certain level, the party with positive fair value could request termination at the then fair value or demand immediate full collateralization from the party whose credit rating fell and is in a net liability position. As of September 30, 2019 , there were no net liability derivative positions with counterparties with credit risk-related contingent features; as such, all derivatives have been appropriately collateralized by the Company or the counterparty in accordance with the terms of the derivative agreements.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	FAIR VALUE OF ASSETS AND LIABILITIES Fair Value Measurement —Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative fair value guidance establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows: Level 1—Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets or liabilities. Level 2—Fair value is based on significant inputs, other than quoted prices included in Level 1, that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability through corroboration with observable market data. Level 2 inputs include quoted market prices in active markets for similar assets and liabilities, quoted market prices in markets that are not active for identical or similar assets or liabilities, and other market observable inputs. Level 3—Fair value is based on at least one significant unobservable input for the asset or liability. The assets and liabilities in this category may require significant judgment or estimation in determining the fair value. For a discussion of Company’s valuation methodologies for assets and liabilities measured at fair value and the fair value hierarchy, see Note 6 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . Assets and Liabilities by Hierarchy Level —The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated. As of September 30, 2019 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 35,601 $ 99 $ $ 35,700 Obligations of U.S. states and their political subdivisions 0 11,449 4 11,453 Foreign government bonds 0 121,338 22 121,360 U.S. corporate public securities 0 96,551 442 96,993 U.S. corporate private securities(2) 0 34,385 1,764 36,149 Foreign corporate public securities 0 30,335 74 30,409 Foreign corporate private securities 0 26,016 899 26,915 Asset-backed securities(3) 0 12,629 1,156 13,785 Commercial mortgage-backed securities 0 15,765 3 15,768 Residential mortgage-backed securities 0 3,109 16 3,125 Subtotal 0 387,178 4,479 391,657 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 183 0 183 Obligations of U.S. states and their political subdivisions 0 217 0 217 Foreign government bonds 0 793 26 819 Corporate securities 0 13,289 660 13,949 Asset-backed securities(3) 0 1,633 75 1,708 Commercial mortgage-backed securities 0 2,152 0 2,152 Residential mortgage-backed securities 0 1,057 0 1,057 Equity securities 1,429 263 1 1,693 All other(4) 50 436 3 489 Subtotal 1,479 20,023 765 22,267 Fixed maturities, trading 0 3,475 304 3,779 Equity securities 5,353 881 643 6,877 Commercial mortgage and other loans 0 551 0 551 Other invested assets(5) 7 19,509 464 (18,128 ) 1,852 Short-term investments 3,209 2,180 294 5,683 Cash equivalents 1,472 8,054 1 9,527 Other assets 0 0 179 179 Separate account assets(6)(7) 43,534 232,617 1,660 277,811 Total assets $ 55,054 $ 674,468 $ 8,789 $ (18,128 ) $ 720,183 Future policy benefits(8) $ 0 $ 0 $ 16,452 $ $ 16,452 Policyholders’ account balances 0 0 1,188 1,188 Other liabilities 8 8,269 0 (8,143 ) 134 Notes issued by consolidated VIEs 0 0 807 807 Total liabilities $ 8 $ 8,269 $ 18,447 $ (8,143 ) $ 18,581 As of December 31, 2018 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 30,513 $ 81 $ $ 30,594 Obligations of U.S. states and their political subdivisions 0 10,488 5 10,493 Foreign government bonds 0 112,985 125 113,110 U.S. corporate public securities 0 83,282 133 83,415 U.S. corporate private securities(2) 0 31,265 1,755 33,020 Foreign corporate public securities 0 29,148 53 29,201 Foreign corporate private securities 0 23,787 744 24,531 Asset-backed securities(3) 0 11,726 1,247 12,973 Commercial mortgage-backed securities 0 13,302 13 13,315 Residential mortgage-backed securities 0 2,925 79 3,004 Subtotal 0 349,421 4,235 353,656 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 381 0 381 Obligations of U.S. states and their political subdivisions 0 196 0 196 Foreign government bonds 0 858 225 1,083 Corporate securities 0 12,675 444 13,119 Asset-backed securities(3) 0 1,516 149 1,665 Commercial mortgage-backed securities 0 2,324 0 2,324 Residential mortgage-backed securities 0 811 0 811 Equity securities 1,222 237 1 1,460 All other(4) 0 215 0 215 Subtotal 1,222 19,213 819 21,254 Fixed maturities, trading 0 3,037 206 3,243 Equity securities 4,819 610 671 6,100 Commercial mortgage and other loans 0 763 0 763 Other invested assets(5) 23 10,454 263 (9,331 ) 1,409 Short-term investments 2,713 2,691 89 5,493 Cash equivalents 2,848 6,553 77 9,478 Other assets 0 0 25 25 Separate account assets(6)(7) 39,534 212,998 1,534 254,066 Total assets $ 51,159 $ 605,740 $ 7,919 $ (9,331 ) $ 655,487 Future policy benefits(8) $ 0 $ 0 $ 8,926 $ $ 8,926 Policyholders’ account balances 0 0 56 56 Other liabilities 18 5,398 0 (5,281 ) 135 Notes issued by consolidated VIEs 0 0 595 595 Total liabilities $ 18 $ 5,398 $ 9,577 $ (5,281 ) $ 9,712 __________ (1) “Netting” amounts represent cash collateral of $9,985 million and $4,050 million as of September 30, 2019 and December 31, 2018 , respectively. (2) Excludes notes with fair value of $4,356 million (carrying amount of $4,356 million ) and $4,216 million (carrying amount of $4,216 million ) as of September 30, 2019 and December 31, 2018 , respectively, which have been offset with the associated payables under a netting agreement. (3) Includes credit-tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (4) All other represents cash equivalents and short-term investments. (5) Other invested assets excluded from the fair value hierarchy include certain hedge funds, private equity funds and other funds for which fair value is measured at net asset value (“NAV”) per share (or its equivalent) as a practical expedient. As of September 30, 2019 and December 31, 2018 , the fair values of such investments were $4,103 million and $4,115 million respectively. (6) Separate account assets included in the fair value hierarchy exclude investments in entities that calculate NAV per share (or its equivalent) as a practical expedient. Such investments excluded from the fair value hierarchy include investments in real estate, hedge funds and other invested assets. As of September 30, 2019 and December 31, 2018 , the fair value of such investments was $23,423 million and $25,070 million , respectively. (7) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Unaudited Interim Consolidated Statements of Financial Position. (8) As of September 30, 2019 , the net embedded derivative liability position of $16.4 billion includes $0.5 billion of embedded derivatives in an asset position and $16.9 billion of embedded derivatives in a liability position. As of December 31, 2018 , the net embedded derivative liability position of $8.9 billion includes $0.7 billion of embedded derivatives in an asset position and $9.6 billion of embedded derivatives in a liability position. Quantitative Information Regarding Internally-Priced Level 3 Assets and Liabilities —The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities. As of September 30, 2019 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in millions) Assets: Corporate securities(2) $ 1,507 Discounted cash flow Discount rate 0.26% 20% 8.19% Decrease Market comparables EBITDA multiples(3) 5.7X 9.2X 7.3X Increase Liquidation Liquidation value 8.27% 42.52% 32.49% Increase Separate account assets-commercial mortgage loans(4) $ 828 Discounted cash flow Spread 1.14% 2.29% 1.34% Decrease Liabilities: Future policy benefits(5) $ 16,452 Discounted cash flow Lapse rate(7) 1% 18% Decrease Spread over LIBOR(8) 0.16% 1.46% Decrease Utilization rate(9) 43% 97% Increase Withdrawal rate See table footnote (10) below. Mortality rate(11) 0% 15% Decrease Equity volatility curve 14% 23% Increase Policyholders’ account balances(6) $ 1,188 Discounted cash flow Lapse rate(7) 1% 42% Decrease Spread over LIBOR(8) 0.16% 1.46% Decrease Mortality rate(11) 0% 24% Decrease Equity volatility curve 11% 25% Increase As of December 31, 2018 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in millions) Assets: Corporate securities(2) $ 1,392 Discounted cash flow Discount rate 0.57% 20% 8.58% Decrease Market comparables EBITDA multiples(3) 4.5X 8.5X 8.1X Increase Liquidation Liquidation value 11.77% 94% 32.16% Increase Separate account assets-commercial mortgage loans(4) $ 785 Discounted cash flow Spread 1.12% 2.55% 1.29% Decrease Liabilities: Future policy benefits(5) $ 8,926 Discounted cash flow Lapse rate(7) 1% 13% Decrease Spread over LIBOR(8) 0.36% 1.60% Decrease Utilization rate(9) 50% 97% Increase Withdrawal rate See table footnote (10) below. Mortality rate(11) 0% 15% Decrease Equity volatility curve 18% 22% Increase __________ (1) Conversely, the impact of a decrease in input would have the opposite impact on fair value as that presented in the table. (2) Includes assets classified as fixed maturities available-for-sale, assets supporting experience-rated contractholder liabilities and fixed maturities trading. (3) Represents multiples of earnings before interest, taxes, depreciation and amortization (“EBITDA”), and are amounts used when the Company has determined that market participants would use such multiples when valuing the investments. (4) Changes in the fair value of separate account assets are borne by customers and thus are offset by changes in separate account liabilities on the Company’s Unaudited Interim Consolidated Statements of Financial Position. As a result, changes in value associated with these investments are not reflected in the Company’s Unaudited Interim Consolidated Statements of Operations. (5) Future policy benefits primarily represent general account liabilities for the living benefit features of the Company’s variable annuity contracts which are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (6) Policyholders’ account balances primarily represent general account liabilities for the index-linked interest credited on certain of the Company’s life and annuity products that are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (7) Lapse rates for contracts with living benefit guarantees are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates for contracts with index-linked crediting guarantees may be adjusted at the contract level based on the applicability of any surrender charges, product type, and market related factors such as interest rates. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. For any given contract, lapse rates vary throughout the period over which cash flows are projected for the purposes of valuing these embedded derivatives. (8) The spread over the London Inter-Bank Offered Rate (“LIBOR”) swap curve represents the premium added to the proxy for the risk-free rate (LIBOR) to reflect the Company’s estimates of rates that a market participant would use to value the living benefits in both the accumulation and payout phases and index-linked interest crediting guarantees. This spread includes an estimate of NPR, which is the risk that the obligation will not be fulfilled by the Company. NPR is primarily estimated by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. In order to reflect the financial strength ratings of the Company, credit spreads associated with funding agreements, as opposed to credit spread associated with debt, are utilized in developing this estimate because funding agreements, living benefit guarantees, and index-linked interest crediting guarantees are insurance liabilities and are therefore senior to debt. (9) The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration, and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits. (10) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions vary based on the age of the contractholder, the tax status of the contract and the duration since the contractholder began lifetime withdrawals. As of September 30, 2019 and December 31, 2018 , the minimum withdrawal rate assumption is 78% and the maximum withdrawal rate assumption may be greater than 100% . The fair value of the liability will generally increase the closer the withdrawal rate is to 100% and decrease as the withdrawal rate moves further away from 100%. (11) The range reflects the mortality rates for the vast majority of business with living benefits and other contracts, with policyholders ranging from 45 to 90 years old. While the majority of living benefits have a minimum age requirement, certain other contracts do not have an age restriction. This results in contractholders with mortality rates approaching 0% for certain benefits. Mortality rates may vary by product, age, and duration. A mortality improvement assumption is also incorporated into the overall mortality table. Interrelationships Between Unobservable Inputs — In addition to the sensitivities of fair value measurements to changes in each unobservable input in isolation, as reflected in the table above, interrelationships between these inputs may also exist, such that a change in one unobservable input may give rise to a change in another or multiple inputs. For the discussion of the relationships between unobservable inputs as well as market factors that may affect the range of inputs used in the valuation of Level 3 assets and liabilities, see Note 6 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . Changes in Level 3 Assets and Liabilities —The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. All transfers are generally reported at the value as of the beginning of the quarter in which transfers occur for any such assets still held at the end of the quarter. Three Months Ended September 30, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 94 $ 0 $ 5 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 99 $ 0 U.S. states 4 0 0 0 0 0 0 0 0 4 0 Foreign government 24 (2 ) 0 0 0 0 0 0 0 22 (2 ) Corporate securities(3) 2,792 (26 ) 509 (7 ) 0 (203 ) (1 ) 136 (21 ) 3,179 (25 ) Structured securities(4) 861 4 439 (1 ) 0 (74 ) (14 ) 5 (45 ) 1,175 0 Assets supporting experience-rated contractholder liabilities: Foreign government 26 0 0 0 0 0 0 0 0 26 0 Corporate securities(3) 553 (5 ) 103 0 0 (27 ) 0 36 0 660 (8 ) Structured securities(4) 57 0 22 0 0 (4 ) 0 0 0 75 0 Equity securities 1 0 0 0 0 0 0 0 0 1 0 All other activity 1 0 3 0 0 (1 ) 0 0 0 3 0 Other assets: Fixed maturities, trading 296 (3 ) 16 (6 ) 0 0 (1 ) 2 0 304 (3 ) Equity securities 624 15 27 (20 ) 0 (1 ) (2 ) 0 0 643 7 Other invested assets 436 0 28 0 0 0 0 0 0 464 0 Short-term investments 288 0 127 0 0 (121 ) 0 0 0 294 0 Cash equivalents 1 0 0 0 0 0 0 0 0 1 0 Other assets 98 71 10 0 0 0 0 0 0 179 73 Separate account assets(5) 1,708 9 54 (88 ) 0 (62 ) 0 43 (4 ) 1,660 8 Liabilities: Future policy benefits (12,723 ) (3,417 ) 0 0 (314 ) 0 2 0 0 (16,452 ) (3,570 ) Policyholders’ account balances(6) (1,047 ) (79 ) 0 0 (62 ) 0 0 0 0 (1,188 ) (66 ) Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs (816 ) 9 0 0 0 0 0 0 0 (807 ) 9 Three Months Ended September 30, 2019 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances (in millions) Fixed maturities, available-for-sale $ (25 ) $ 0 $ 0 $ (3 ) $ 4 $ (27 ) $ 0 $ 0 Assets supporting experience-rated contractholder liabilities 0 (8 ) 0 0 3 0 (8 ) 0 Other assets: Fixed maturities, trading 0 (3 ) 0 0 0 0 (3 ) 0 Equity securities 3 12 0 0 0 0 7 0 Other invested assets 0 0 0 0 0 0 0 0 Short-term investments 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 Other assets 71 0 0 0 0 73 0 0 Separate account assets(5) 0 0 8 0 1 0 0 8 Liabilities: Future policy benefits (3,417 ) 0 0 0 0 (3,570 ) 0 0 Policyholders’ account balances (79 ) 0 0 0 0 (66 ) 0 0 Other liabilities 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 9 0 0 0 0 9 0 0 Nine Months Ended September 30, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 81 $ 0 $ 18 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 99 $ 0 U.S. states 5 0 0 0 0 (1 ) 0 0 0 4 0 Foreign government 125 0 0 0 0 0 (1 ) 9 (111 ) 22 (2 ) Corporate securities(3) 2,685 (16 ) 1,116 (36 ) 0 (807 ) (2 ) 319 (80 ) 3,179 (51 ) Structured securities(4) 1,339 29 870 (48 ) 0 (406 ) (7 ) 755 (1,357 ) 1,175 0 Assets supporting experience-rated contractholder liabilities: Foreign government 225 0 0 0 0 (3 ) (196 ) 0 0 26 0 Corporate securities(3) 444 5 144 0 0 (170 ) 196 46 (5 ) 660 (2 ) Structured securities(4) 149 1 28 0 0 (29 ) 0 0 (74 ) 75 1 Equity securities 1 1 0 (1 ) 0 0 0 0 0 1 1 All other activity 0 0 6 0 0 (3 ) 0 0 0 3 0 Other assets: Fixed maturities, trading 206 (14 ) 90 (20 ) 0 0 2 41 (1 ) 304 (15 ) Equity securities 671 39 73 (44 ) 0 (75 ) 2 1 (24 ) 643 30 Other invested assets 263 (1 ) 246 0 0 (42 ) (2 ) 0 0 464 (1 ) Short-term investments 89 0 553 0 0 (348 ) 0 0 0 294 0 Cash equivalents 77 0 1 0 0 (77 ) 0 0 0 1 0 Other assets 25 127 27 0 0 0 0 0 0 179 127 Separate account assets(5) 1,534 134 282 (105 ) 0 (112 ) 0 43 (116 ) 1,660 122 Liabilities: Future policy benefits (8,926 ) (6,627 ) 0 0 (902 ) 0 3 0 0 (16,452 ) (6,870 ) Policyholders’ account balances(6) (56 ) (958 ) 0 0 (171 ) 0 (3 ) 0 0 (1,188 ) (938 ) Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs (595 ) 8 0 0 (858 ) 638 0 0 0 (807 ) 8 Nine Months Ended September 30, 2019 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances (in millions) Fixed maturities, available-for-sale $ (38 ) $ 0 $ 0 $ 37 $ 14 $ (53 ) $ 0 $ 0 Assets supporting experience-rated contractholder liabilities 0 1 0 0 6 0 0 0 Other assets: Fixed maturities, trading 0 (15 ) 0 0 1 0 (15 ) 0 Equity securities 3 36 0 0 0 0 30 0 Other invested assets (1 ) 0 0 0 0 (1 ) 0 0 Short-term investments 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 Other assets 127 0 0 0 0 127 0 0 Separate account assets(5) 0 0 131 0 3 0 0 122 Liabilities: Future policy benefits (6,627 ) 0 0 0 0 (6,870 ) 0 0 Policyholders’ account balances (958 ) 0 0 0 0 (938 ) 0 0 Other liabilities 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 8 0 0 0 0 8 0 0 Three Months Ended September 30, 2018 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 67 $ 0 $ 2 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 69 $ 0 U.S. states 5 0 0 0 0 0 0 0 0 5 0 Foreign government 137 0 0 0 0 0 (3 ) 0 (6 ) 128 0 Corporate securities(3) 2,691 (17 ) 118 (13 ) 0 (323 ) (6 ) 60 (187 ) 2,323 (17 ) Structured securities(4) 1,664 (10 ) 520 (226 ) 0 (221 ) (4 ) 0 (315 ) 1,408 0 Assets supporting experience-rated contractholder liabilities: Foreign government 221 0 0 0 0 0 0 0 0 221 (1 ) Corporate securities(3) 488 (12 ) 26 0 0 (75 ) 0 3 (22 ) 408 (13 ) Structured securities(4) 107 0 3 0 0 (21 ) 0 0 (15 ) 74 (1 ) Equity securities 4 0 0 (2 ) 0 0 0 0 0 2 0 All other activity 5 0 31 0 0 (33 ) 0 0 0 3 0 Other assets: Fixed maturities, trading 173 4 18 (9 ) 0 0 1 0 (1 ) 186 4 Equity securities 783 3 19 (46 ) 0 (40 ) (8 ) 2 (2 ) 711 (1 ) Other invested assets 122 1 0 (3 ) 0 0 (3 ) 0 0 117 0 Short-term investments 1 0 22 0 0 (17 ) 0 0 0 6 0 Cash equivalents 2 0 0 0 0 (2 ) 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 0 0 0 0 Separate account assets(5) 1,816 26 67 (6 ) 0 (66 ) 0 12 (212 ) 1,637 24 Liabilities: Future policy benefits (6,585 ) 1,645 0 0 (291 ) 0 0 0 0 (5,231 ) 1,585 Policyholders’ account balances(6) (42 ) (23 ) 0 0 (30 ) 0 0 0 0 (95 ) (23 ) Other liabilities (18 ) (32 ) 9 0 0 0 0 0 0 (41 ) (33 ) Notes issued by consolidated VIEs (609 ) (1 ) 0 0 0 0 0 0 0 (610 ) (2 ) Three Months Ended September 30, 2018 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances (in millions) Fixed maturities, available-for-sale $ (6 ) $ 0 $ 0 $ (26 ) $ 5 $ (17 ) $ 0 $ 0 Assets supporting experience-rated contractholder liabilities 0 (15 ) 0 0 3 0 (15 ) 0 Other assets: Fixed maturities, trading 0 3 0 0 1 0 4 0 Equity securities 0 3 0 0 0 0 (1 ) 0 Other invested assets 0 1 0 0 0 0 0 0 Short-term investments 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 0 Separate account assets(5) 0 0 25 0 1 0 0 24 Liabilities: Future policy benefits 1,645 0 0 0 0 1,585 0 0 Policyholders’ account balances (23 ) 0 0 0 0 (23 ) 0 0 Other liabilities (32 ) 0 0 0 0 (33 ) 0 0 Notes issued by consolidated VIEs (1 ) 0 0 0 0 (2 ) 0 0 Nine Months Ended September 30, 2018 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 52 $ 0 $ 17 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 69 $ 0 U.S. states 5 0 0 0 0 0 0 0 0 5 0 Foreign government 148 (2 ) 0 0 0 0 (6 ) 20 (32 ) 128 0 Corporate securities(3) 2,776 (35 ) 493 (17 ) 0 (778 ) (25 ) 189 (280 ) 2,323 (47 ) Structured securities(4) 6,715 (34 ) 2,509 (570 ) 0 (1,538 ) 2 1,133 (6,809 ) 1,408 0 Assets supporting experience-rated contractholder liabilities: Foreign government 223 1 0 0 0 (3 ) 0 0 0 221 (3 ) Corporate securities(3) 462 (21 ) 91 0 0 (144 ) 0 43 (23 ) 408 (23 ) Structured securities(4) 722 (2 ) 22 0 0 (163 ) 0 33 (538 ) 74 (2 ) Equity securities 4 1 0 (3 ) 0 0 0 0 0 2 1 All other activity 7 0 74 0 0 (78 ) 0 0 0 3 0 Other assets: Fixed maturities, trading 156 7 67 (51 ) 0 (3 ) 4 12 (6 ) 186 7 Equity securities 795 5 61 (78 ) 0 (79 ) 7 5 (5 ) 711 (1 ) Other invested assets 137 5 1 (15 ) 0 0 (11 ) 0 0 117 3 Short-term investments 8 (1 ) 44 0 0 (43 ) (2 ) 0 0 6 (1 ) Cash equivalents 0 0 9 0 0 (9 ) 0 0 0 0 0 Other assets 13 (13 ) 0 0 0 0 0 0 0 0 (13 ) Separate account assets(5) 2,122 15 557 (28 ) 0 (327 ) 0 236 (938 ) 1,637 20 Liabilities: Future policy benefits (8,720 ) 4,354 0 0 (865 ) 0 0 0 0 (5,231 ) 4,088 Policyholders’ account balances(6) (47 ) (26 ) 0 0 (22 ) 0 0 0 0 (95 ) (26 ) Other liabilities (3 ) (66 ) 27 0 0 0 1 0 0 (41 ) (65 ) Notes issued by consolidated VIEs (1,196 ) (1 ) 0 0 0 0 587 0 0 (610 ) (1 ) Nine Months Ended September 30, 2018 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances (in millions) Fixed maturities, available-for-sale $ (19 ) $ 0 $ 0 $ (65 ) $ 13 $ (47 ) $ 0 $ 0 Assets supporting experience-rated contractholder liabilities 0 (28 ) 0 0 7 0 (27 ) 0 Other assets: Fixed maturities, trading 1 5 0 0 1 0 7 0 Equity securities 0 5 0 0 0 0 (1 ) 0 Other invested assets 4 1 0 0 0 2 1 0 Short-term investments (1 ) 0 0 0 0 (1 ) 0 0 Cash equivalents 0 0 0 0 0 0 0 0 Other assets (13 ) 0 0 0 0 (13 ) 0 0 Separate account assets(5) 0 0 14 0 1 0 0 20 Liabilities: Future policy benefits 4,354 0 0 0 0 4,088 0 0 Policyholders’ account balances (26 ) 0 0 0 0 (26 ) 0 0 Other liabilities (66 ) 0 0 0 0 (65 ) 0 0 Notes issued by consolidated VIEs (1 ) 0 0 0 0 (1 ) 0 0 __________ (1) “Other,” for the periods ended September 30, 2019 and September 30, 2018 , primarily represent deconsolidation of VIE, reclassifications of certain assets between reporting categories and foreign currency translation. (2) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (3) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (4) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (5) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Unaudited Interim Consolidated Statements of Financial Position. (6) Issuances and settlements for Policyholders’ account balances are presented net in the rollforward. Prior year amounts are restated to conform to current year presentation. Derivative Fair Value Information The following tables present the balances of derivative assets and liabilities measured at fair value on a recurring basis, as of the date indicated, by primary underlying risk. These tables include NPR and exclude embedded derivatives and associated reinsurance recoverables. The derivative assets and liabilities shown below are included in “Other invested assets” or “Other liabilities” in the tables contained within the sections “—Assets and Liabilities by Hierarchy Level” and “—Changes in Level 3 Assets and Liabilities,” above. As of September 30, 2019 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 6 $ 15,305 $ 1 $ $ 15,312 Currency 0 416 0 416 Credit 0 18 0 18 Currency/Interest Rate 0 3,235 0 3,235 Equity 1 535 0 536 Other 0 0 0 0 Netting(1) (18,128 ) (18,128 ) Total derivative assets $ 7 $ 19,509 $ 1 $ (18,128 ) $ 1,389 Derivative Liabilities: Interest Rate $ 3 $ 6,806 $ 0 $ $ 6,809 Currency 0 138 0 138 Credit 0 15 0 15 Currency/Interest Rate 0 532 0 532 Equity 5 778 0 783 Other 0 0 0 0 Netting(1) (8,143 ) (8,143 ) Total derivative liabilities $ 8 $ 8,269 $ 0 $ (8,143 ) $ 134 As of December 31, 2018 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 23 $ 6,341 $ 2 $ $ 6,366 Currency 0 273 0 273 Credit 0 33 0 33 Currency/Interest Rate 0 2,292 0 2,292 Equity 0 1,515 0 1,515 Other 0 0 0 0 Netting(1) (9,331 ) (9,331 ) Total derivative assets $ 23 $ 10,454 $ 2 $ (9,331 ) $ 1,148 Derivative Liabilities: Interest Rate $ 2 $ 3,818 $ 0 $ $ 3,820 Currency 0 140 0 140 Credit 0 23 0 23 Currency/Interest Rate 0 778 0 778 Equity 7 640 0 647 Other 0 0 0 0 Netting(1) (5,281 ) (5,281 ) Total derivative liabilities $ 9 $ 5,399 $ 0 $ (5,281 ) $ 127 __________ (1) “Netting” amounts represent cash collateral and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting agreement. Changes in Level 3 derivative assets and liabilities —The following tables provide a summary of the changes in fair value of Level 3 derivative assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income, attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. Three Months Ended September 30, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other Transfers into Transfers out of Level 3(2) Fair Value, end of period Unrealized gains (losses) for assets still held(1) (in millions) Net Derivative - Equity $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Net Derivative - Interest Rate 1 0 0 0 0 0 0 0 0 1 0 Nine Months Ended September 30, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses)(1)

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Operating Leases, Lessee	LEASES The Company occupies leased office space and other facilities in many locations under various long-term leases and has entered into numerous leases covering the long-term use of computers and other equipment. The leases, depending on their specific terms, are classified as either operating or finance with the vast majority of leases falling under the operating classification. The leases in the Company’s portfolio have remaining lease terms from less than one year to 29 years , some of which include options to extend the leases for up to 18 years , and some of which include options to terminate the leases within 8 years . An analysis of all economic and non-economic factors associated with leases containing certain options, including factors such as the existence of cancellation penalties, leasehold improvements made to the underlying assets and location of the underlying assets, is conducted to determine whether those leases are reasonably certain to renew, and, hence, should be included in the lease term that is used to establish the right-of-use assets and lease liabilities for those arrangements. The Company does not have residual guarantees associated with its lessee arrangements, nor are there any restrictions or covenants associated with its lease arrangements. Lessee Supplemental balance sheet information related to leases where the Company is the lessee is included below. Right-of-use assets and lease liabilities are included within “Other assets” and “Other liabilities” respectively. September 30, 2019 (in millions) Operating Leases: Right-of-use assets $ 524 Lease liabilities $ 564 Weighted average remaining lease term 6 years Weighted average discount rate 2.50 % Maturities of operating lease liabilities are as follows: September 30, 2019 (in millions) 2019 (October - December) $ 40 2020 146 2021 129 2022 92 2023 67 Thereafter 143 Total lease payments 617 Less imputed interest (53 ) Total $ 564 Lease expense is included in “General and administrative expenses.” The expense was comprised of operating lease costs and short-term lease costs of $35 million and $25 million , respectively, for the three months ended September 30, 2019 , and $104 million and $75 million , respectively, for the nine months ended September 30, 2019 . Short-term lease costs relate to those leases with terms of twelve months or less that do not include an option to purchase the underlying asset that is reasonably certain of exercise. Lessor The Company directly owns real estate properties within its investment portfolio. Such real estate is leased to third-parties, with the Company serving as the lessor. The terms of the leases vary depending on property type (e.g., commercial or residential). In most cases, the lessee has an option to renew the lease contract based on market rates but does not have an option to purchase the property. The terms of the leases may also include provisions for the use of common areas. Such non-lease components are not separately accounted for by the Company, as a result of applying the practical expedient discussed in Note 2. Lease income included in “Net investment income” was $39 million and $139 million for the three and nine months ended September 30, 2019
Operating Leases, Lessor	LEASES The Company occupies leased office space and other facilities in many locations under various long-term leases and has entered into numerous leases covering the long-term use of computers and other equipment. The leases, depending on their specific terms, are classified as either operating or finance with the vast majority of leases falling under the operating classification. The leases in the Company’s portfolio have remaining lease terms from less than one year to 29 years , some of which include options to extend the leases for up to 18 years , and some of which include options to terminate the leases within 8 years . An analysis of all economic and non-economic factors associated with leases containing certain options, including factors such as the existence of cancellation penalties, leasehold improvements made to the underlying assets and location of the underlying assets, is conducted to determine whether those leases are reasonably certain to renew, and, hence, should be included in the lease term that is used to establish the right-of-use assets and lease liabilities for those arrangements. The Company does not have residual guarantees associated with its lessee arrangements, nor are there any restrictions or covenants associated with its lease arrangements. Lessee Supplemental balance sheet information related to leases where the Company is the lessee is included below. Right-of-use assets and lease liabilities are included within “Other assets” and “Other liabilities” respectively. September 30, 2019 (in millions) Operating Leases: Right-of-use assets $ 524 Lease liabilities $ 564 Weighted average remaining lease term 6 years Weighted average discount rate 2.50 % Maturities of operating lease liabilities are as follows: September 30, 2019 (in millions) 2019 (October - December) $ 40 2020 146 2021 129 2022 92 2023 67 Thereafter 143 Total lease payments 617 Less imputed interest (53 ) Total $ 564 Lease expense is included in “General and administrative expenses.” The expense was comprised of operating lease costs and short-term lease costs of $35 million and $25 million , respectively, for the three months ended September 30, 2019 , and $104 million and $75 million , respectively, for the nine months ended September 30, 2019 . Short-term lease costs relate to those leases with terms of twelve months or less that do not include an option to purchase the underlying asset that is reasonably certain of exercise. Lessor The Company directly owns real estate properties within its investment portfolio. Such real estate is leased to third-parties, with the Company serving as the lessor. The terms of the leases vary depending on property type (e.g., commercial or residential). In most cases, the lessee has an option to renew the lease contract based on market rates but does not have an option to purchase the property. The terms of the leases may also include provisions for the use of common areas. Such non-lease components are not separately accounted for by the Company, as a result of applying the practical expedient discussed in Note 2. Lease income included in “Net investment income” was $39 million and $139 million for the three and nine months ended September 30, 2019

Closed Block

Closed Block	9 Months Ended
	Sep. 30, 2019
Closed Block Disclosure [Abstract]
Closed Block	CLOSED BLOCK On December 18, 2001, the date of demutualization, The Prudential Insurance Company of America (“PICA”) established a Closed Block for certain in-force participating insurance policies and annuity products, along with corresponding assets used for the payment of benefits and policyholders’ dividends on these products, (collectively the “Closed Block”), and ceased offering these participating products. The recorded assets and liabilities were allocated to the Closed Block at their historical carrying amounts. The Closed Block forms the principal component of the Closed Block division. For more information on the Closed Block, see Note 14 to the Company’s Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2018. As of September 30, 2019 and December 31, 2018 , the Company recognized a policyholder dividend obligation of $2,586 million and $2,252 million , respectively, to Closed Block policyholders for the excess of actual cumulative earnings over expected cumulative earnings. Additionally, accumulated net unrealized investment gains that have arisen subsequent to the establishment of the Closed Block have been reflected as a policyholder dividend obligation of $3,977 million and $899 million at September 30, 2019 and December 31, 2018 , respectively, to be paid to Closed Block policyholders unless offset by future experience, with a corresponding amount reported in AOCI. Closed Block liabilities and assets designated to the Closed Block, as well as maximum future earnings to be recognized from these liabilities and assets, are as follows: September 30, December 31, (in millions) Closed Block liabilities Future policy benefits $ 47,726 $ 48,282 Policyholders’ dividends payable 840 812 Policyholders’ dividend obligation 6,563 3,150 Policyholders’ account balances 4,988 5,061 Other Closed Block liabilities 4,391 3,955 Total Closed Block liabilities 64,508 61,260 Closed Block assets Fixed maturities, available-for-sale, at fair value 42,078 38,538 Fixed maturities, trading, at fair value 243 195 Equity securities, at fair value 2,064 1,784 Commercial mortgage and other loans 8,484 8,782 Policy loans 4,302 4,410 Other invested assets 3,367 3,316 Short-term investments 323 477 Total investments 60,861 57,502 Cash and cash equivalents 359 467 Accrued investment income 478 466 Other Closed Block assets 133 105 Total Closed Block assets 61,831 58,540 Excess of reported Closed Block liabilities over Closed Block assets 2,677 2,720 Portion of above representing accumulated other comprehensive income (loss): Net unrealized investment gains (losses) 3,926 857 Allocated to policyholder dividend obligation (3,977 ) (899 ) Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,626 $ 2,678 Information regarding the policyholder dividend obligation is as follows: Nine Months Ended (in millions) Balance, December 31, 2018 $ 3,150 Impact from earnings allocable to policyholder dividend obligation 334 Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation 3,079 Balance, September 30, 2019 $ 6,563 Closed Block revenues and benefits and expenses are as follows for the periods indicated: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Revenues Premiums $ 510 $ 528 $ 1,618 $ 1,680 Net investment income 591 562 1,732 1,752 Realized investment gains (losses), net 351 (4 ) 456 104 Other income (loss) 31 166 356 273 Total Closed Block revenues 1,483 1,252 4,162 3,809 Benefits and Expenses Policyholders’ benefits 659 676 2,148 2,182 Interest credited to policyholders’ account balances 33 33 97 99 Dividends to policyholders 649 424 1,617 1,240 General and administrative expenses 88 91 266 275 Total Closed Block benefits and expenses 1,429 1,224 4,128 3,796 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes 54 28 34 13 Income tax expense (benefit) 39 12 (14 ) (33 ) Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 15 $ 16 $ 48 $ 46

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company uses a full year projected effective tax rate approach to calculate year-to-date taxes. In addition, certain items impacting total income tax expense are recorded in the periods in which they occur. The projected effective tax rate is the ratio of projected “Total income tax expense” divided by projected “Income before income taxes and equity in earnings of operating joint ventures.” Taxes attributable to operating joint ventures are recorded within “Equity in earnings of operating joint ventures, net of taxes.” The interim period tax expense (or benefit) is the difference between the year-to-date income tax provision and the amounts reported for the previous interim periods of the fiscal year. The Company’s income tax provision, on a consolidated basis, amounted to an income tax expense of $726 million , or 19.4% of income (loss) before income taxes and equity in earnings of operating joint ventures, in the first nine months of 2019, compared to $604 million , or 16.0% , in the first nine months of 2018. The Company’s current and prior effective tax rates differ from the U.S. statutory rate of 21% primarily due to non-taxable investment income, tax credits and foreign earnings taxed at higher rates than the U.S. statutory rate. In addition, the first nine months of 2018 also includes a $144 million reduction in income tax expense primarily related to refinements of the Company’s provisional estimates related to the U.S. Tax Cuts and Jobs Act of 2017 and unique items described below that were recorded in the periods in which they occurred. 2018 Industry Issue Resolution (IIR) - In August 2018, the Internal Revenue Service (“IRS”) released an IIR to provide guidance on the tax reserving for guaranteed benefits within variable annuity contracts and principle-based reserves on certain life insurance contracts. Adopting the IIR methodology resulted in an accelerated deduction for the Company’s 2017 tax return, that would have otherwise been deductible in future years. Prior to the adoption of this IIR, the Company accounted for these future deductions as deferred tax assets measured using the current 21% corporate income tax rate. Upon adoption of the IIR, the tax benefits were revalued using the 35% tax rate applicable for the 2017 tax year which resulted in a reduction in income tax expense of $198 million for the first nine months of 2018. Resolution of tax audit issues - During the third quarter of 2018, the Company reached an agreement with the IRS to resolve outstanding tax audit issues for tax years 2015 and 2016 and partially for 2017 which resulted in a $40 million increase to our income tax expense for the first nine months of 2018. Brazil Full Inclusion - During the third quarter of 2018, the Company made a tax election, effective for the 2017 tax year, to subject earnings from its insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related tax credits. This election had the effect of reducing the rate at which the Company incurs taxes on these earnings from the 45% tax rate in Brazil to the 21% tax rate in the U.S., which in turn reduced the amount of associated income tax expense in 2018. In conjunction with this election, the Company remeasured its related deferred tax assets from the previous 45% rate in Brazil to the new rate of 21% in the U.S., which resulted in additional income tax expense in the third quarter of 2018. The net effect of the lower tax rate and the remeasurement of the deferred tax assets was a net increase in income tax expense of $51 million for the first nine months of 2018.

Short-Term and Long-Term Debt

Short-Term and Long-Term Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Short-Term and Long-Term Debt	SHORT-TERM AND LONG-TERM DEBT Short-term Debt The table below presents the Company’s short-term debt as of the dates indicated: September 30, 2019 December 31, 2018 ($ in millions) Commercial paper: Prudential Financial $ 25 $ 15 Prudential Funding, LLC 553 727 Subtotal commercial paper 578 742 Mortgage Debt(1) 0 53 Current portion of long-term debt(2) 904 1,656 Other(3) 8 0 Total short-term debt(4) $ 1,490 $ 2,451 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 250 $ 301 Daily average commercial paper outstanding for the quarter ended $ 1,853 $ 1,554 Weighted average maturity of outstanding commercial paper, in days 5 12 Weighted average interest rate on outstanding commercial paper(5) 1.90 % 2.41 % __________ (1) Includes $53 million of mortgage debt denominated in foreign currency at December 31, 2018. (2) Includes $652 million and $1,100 million of senior notes at September 30, 2019 and December 31, 2018, respectively, and $252 million and $57 million of mortgage debt that has recourse only to real estate investment property at September 30, 2019 and December 31, 2018 , respectively. (3) Includes $8 million drawn on a revolving line of credit held by a subsidiary at September 30, 2019. (4) Includes Prudential Financial debt of $677 million and $1,115 million at September 30, 2019 and December 31, 2018 , respectively. (5) Prior period interest rate has been updated to conform to current period presentation. Prudential Financial and certain subsidiaries have access to external sources of liquidity, including membership in the Federal Home Loan Banks, commercial paper programs and a contingent financing facility in the form of a put option agreement. The Company also maintains syndicated, unsecured committed credit facilities as an alternative source of liquidity. At September 30, 2019 , no amounts were drawn on these credit facilities. For additional information on these sources of liquidity, see Note 16 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. Surplus Notes. In August 2019, as a result of the note holders’ exercise of the exchange option on $500 million of surplus notes, the Company issued approximately 6.2 million shares of Common Stock at an exchange rate equal to 12.3877 shares of Common Stock per each $1,000 principal amount of surplus notes. The Company’s obligations under the surplus notes are now satisfied. For additional information, see Note 13. Credit Facilities. On September 30, 2019, Prudential Holdings of Japan, Inc. (“PHJ”) entered into a ¥100 billion five-year credit facility with a syndicate of lenders, with terms similar to its prior three-year syndicated credit facility expiring on that date. There were no borrowings under the facility as of September 30, 2019. Long-term Debt The table below presents the Company’s long-term debt as of the dates indicated: September 30, 2019 December 31, 2018 (in millions) Fixed-rate obligations: Surplus notes $ 342 $ 341 Surplus notes subject to set-off arrangements(1) 7,070 6,895 Senior notes 10,582 8,774 Mortgage debt(2) 101 237 Floating-rate obligations: Line of credit 299 0 Surplus notes subject to set-off arrangements(1) 2,200 2,200 Senior notes 29 29 Mortgage debt(3) 224 429 Junior subordinated notes(4) 7,574 7,568 Subtotal 28,421 26,473 Less: assets under set-off arrangements(1) 9,270 9,095 Total long-term debt(5) $ 19,151 $ 17,378 __________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes included in long-term debt. (2) Includes $41 million and $101 million of debt denominated in foreign currency at September 30, 2019 and December 31, 2018 , respectively. (3) Includes $49 million and $206 million of debt denominated in foreign currency at September 30, 2019 and December 31, 2018 , respectively. (4) Includes Prudential Financial debt of $7,516 million and $7,511 million at September 30, 2019 and December 31, 2018, respectively. Also includes subsidiary debt of $58 million and $57 million denominated in foreign currency at September 30, 2019 and December 31, 2018, respectively. (5) Includes Prudential Financial debt of $17,954 million and $16,141 million at September 30, 2019 and December 31, 2018 , respectively. At September 30, 2019 and December 31, 2018 , the Company was in compliance with all debt covenants related to the borrowings in the table above. Line of Credit. PGIM entered into a $300 million syndicated credit facility in April 2019 that is secured by certain of PGIM’s fund investments. The facility has a three-year term and extends for additional one-year periods unless terminated. The lenders on the facility have recourse only to the collateral pledged by PGIM. The facility was fully drawn as of September 30, 2019. Senior Notes. As of September 30, 2019, the outstanding balance of the Company’s senior notes was $11.26 billion , an increase of $1.4 billion from December 31, 2018 . The increase was due to the issuance in the first quarter of $1 billion of notes with an interest rate of 4.350% maturing in February 2050 and the issuance in the third quarter of $1.5 billion of notes with an interest rate of 3.700% maturing in March 2051, offset by $1.1 billion in debt maturities. Mortgage Debt. As of September 30, 2019 , the Company’s subsidiaries had mortgage debt of $577 million that has recourse only to real estate property held for investment by those subsidiaries. This represents a decrease of $199 million from December 31, 2018 , due to the transfer of $228 million in debt into a non-consolidated real estate joint venture fund and a $6 million decrease from foreign currency exchange rate fluctuations, offset by a $35 million increase from new borrowings.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS Pension and Other Postretirement Plans The Company has funded and non-funded non-contributory defined benefit pension plans (“Pension Benefits”), which cover substantially all of its employees. For some employees, benefits are based on final average earnings and length of service, while benefits for other employees are based on an account balance that takes into consideration age, service and earnings during their career. The Company provides certain health care and life insurance benefits for its retired employees, their beneficiaries and covered dependents (“Other Postretirement Benefits”). The health care plan is contributory; the life insurance plan is non-contributory. Substantially all of the Company’s U.S. employees may become eligible to receive Other Postretirement Benefits if they retire after age 55 with at least 10 years of service or under certain circumstances after age 50 with at least 20 years of continuous service. Net periodic (benefit) cost included in “General and administrative expenses” includes the following components: Three Months Ended September 30, Pension Benefits Other Postretirement Benefits 2019 2018 2019 2018 (in millions) Components of net periodic (benefit) cost: Service cost $ 73 $ 78 $ 5 $ 6 Interest cost 122 112 20 17 Expected return on plan assets (204 ) (204 ) (24 ) (27 ) Amortization of prior service cost (1 ) (1 ) 1 0 Amortization of actuarial (gain) loss, net 54 53 6 4 Settlements 4 5 0 0 Special termination benefits 2 0 0 0 Net periodic (benefit) cost $ 50 $ 43 $ 8 $ 0 Nine Months Ended September 30, Pension Benefits Other Postretirement Benefits 2019 2018 2019 2018 (in millions) Components of net periodic (benefit) cost: Service cost $ 218 $ 236 $ 16 $ 18 Interest cost 368 336 59 52 Expected return on plan assets (612 ) (613 ) (71 ) (81 ) Amortization of prior service cost (3 ) (3 ) 3 0 Amortization of actuarial (gain) loss, net 162 160 18 13 Settlements 52 5 0 0 Special termination benefits 3 1 0 0 Net periodic (benefit) cost $ 188 $ 122 $ 25 $ 2

Equity

Equity	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Equity	EQUITY The changes in the number of shares of Common Stock issued, held in treasury and outstanding, are as follows for the periods indicated: Common Stock Issued Held In Treasury Outstanding (in millions) Balance, December 31, 2018 660.1 249.4 410.7 Common Stock issued(1) 6.2 0.0 6.2 Common Stock acquired 0.0 21.8 (21.8 ) Stock-based compensation programs(2) 0.0 (3.2 ) 3.2 Balance, September 30, 2019 666.3 268.0 398.3 __________ (1) In August 2019, as a result of the note holders’ exercise of the exchange option on $500 million of surplus notes, the Company issued approximately 6.2 million shares of Common Stock at an exchange rate equal to 12.3877 shares of Common Stock per each $1,000 principal amount of surplus notes. The Company’s obligations under the surplus notes are now satisfied. For additional information, see Note 13. (2) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs. In December 2018 , Prudential Financial’s Board of Directors (the “Board”) authorized the Company to repurchase at management’s discretion up to $2.0 billion of its outstanding Common Stock during the period from January 1, 2019 through December 31, 2019 . In September 2019, the Board authorized a $500 million increase to the authorization for calendar year 2019. As a result, the Company’s aggregate share repurchase authorization for calendar year 2019 is $2.5 billion . As of September 30, 2019 , 21.8 million shares of the Company’s Common Stock were repurchased under this authorization at a total cost of $2.0 billion . The timing and amount of share repurchases are determined by management based upon market conditions and other considerations, and repurchases may be effected in the open market, through derivative, accelerated repurchase and other negotiated transactions and through prearranged trading plans complying with Rule 10b5-1(c) under the Securities Exchange Act of 1934 (the “Exchange Act”). Numerous factors could affect the timing and amount of any future repurchases under the share repurchase authorization, including increased capital needs of the Company due to changes in regulatory capital requirements, opportunities for growth and acquisitions, and the effect of adverse market conditions on the segments. Dividends declared per share of Common Stock are as follows for the periods indicated: Three Months Ended Nine Months Ended 2019 2018 2019 2018 Dividends declared per share of Common Stock $ 1.00 $ 0.90 $ 3.00 $ 2.70 Accumulated Other Comprehensive Income (Loss) AOCI represents the cumulative OCI items that are reported separate from net income and detailed on the Unaudited Interim Consolidated Statements of Comprehensive Income. The balance of and changes in each component of AOCI as of and for the nine months ended September 30, 2019 and 2018 , are as follows: Accumulated Other Comprehensive Income (Loss) Attributable to Prudential Financial, Inc. Foreign Currency Translation Adjustment Net Unrealized Investment Gains (Losses)(1) Pension and Postretirement Unrecognized Net Periodic Benefit (Cost) Total Accumulated Other Comprehensive Income (Loss) (in millions) Balance, December 31, 2018 $ (564 ) $ 14,745 $ (3,275 ) $ 10,906 Change in OCI before reclassifications (74 ) 22,759 (76 ) 22,609 Amounts reclassified from AOCI 5 (1,188 ) 180 (1,003 ) Income tax benefit (expense) 20 (4,956 ) (25 ) (4,961 ) Cumulative effect of adoption of ASU 2017-12 0 7 0 7 Balance, September 30, 2019 $ (613 ) $ 31,367 $ (3,196 ) $ 27,558 Accumulated Other Comprehensive Income (Loss) Attributable to Prudential Financial, Inc. Foreign Currency Translation Adjustment Net Unrealized Investment Gains (Losses)(1) Pension and Postretirement Unrecognized Net Periodic Benefit (Cost) Total Accumulated Other Comprehensive Income (Loss) (in millions) Balance, December 31, 2017 $ (269 ) $ 19,968 $ (2,625 ) $ 17,074 Change in OCI before reclassifications (314 ) (10,452 ) 30 (10,736 ) Amounts reclassified from AOCI 1 (690 ) 170 (519 ) Income tax benefit (expense) 15 2,555 (45 ) 2,525 Cumulative effect of adoption of ASU 2016-01 0 (847 ) 0 (847 ) Cumulative effect of adoption of ASU 2018-02 (231 ) 2,282 (398 ) 1,653 Balance, September 30, 2018 $ (798 ) $ 12,816 $ (2,868 ) $ 9,150 __________ (1) Includes cash flow hedges of $1,584 million and $811 million as of September 30, 2019 and December 31, 2018 , respectively, and $139 million and $(39) million as of September 30, 2018 and December 31, 2017 , respectively. Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Nine Months Ended Affected line item in Consolidated Statements of Operations 2019 2018 2019 2018 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustments $ 0 $ (1 ) $ (5 ) $ (1 ) Realized investment gains (losses), net Foreign currency translation adjustments 0 0 0 0 Other income (loss) Total foreign currency translation adjustment 0 (1 ) (5 ) (1 ) Net unrealized investment gains (losses): Cash flow hedges—Interest rate 57 0 56 2 (3) Cash flow hedges—Currency 3 2 5 2 (3) Cash flow hedges—Currency/Interest rate 267 122 438 367 (3) Net unrealized investment gains (losses) on available-for-sale securities 360 76 689 319 Total net unrealized investment gains (losses) 687 200 1,188 690 (4) Amortization of defined benefit pension items: Prior service cost 0 1 0 3 (5) Actuarial gain (loss) (60 ) (57 ) (180 ) (173 ) (5) Total amortization of defined benefit pension items (60 ) (56 ) (180 ) (170 ) Total reclassifications for the period $ 627 $ 143 $ 1,003 $ 519 __________ (1) All amounts are shown before tax. (2) Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI. (3) See Note 5 for additional information on cash flow hedges. (4) See table below for additional information on unrealized investment gains (losses), including the impact on deferred policy acquisition and other costs, future policy benefits and policyholders’ dividends. (5) See Note 11 for information on employee benefit plans. Net Unrealized Investment Gains (Losses) Net unrealized investment gains (losses) on securities classified as available-for-sale and certain other invested assets and other assets are included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as a component of AOCI. Changes in these amounts include reclassification adjustments to exclude from “Other comprehensive income (loss)” those items that are included as part of “Net income (loss)” for a period that had been part of “Other comprehensive income (loss)” in earlier periods. The amounts for the periods indicated below, split between amounts related to fixed maturity securities on which an OTTI loss has been recognized, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities on which an OTTI loss has been recognized Net Unrealized DAC, DSI, VOBA and Reinsurance Recoverables Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables Policyholders’ Dividends Deferred Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) (in millions) Balance, December 31, 2018 $ 189 $ (1 ) $ 4 $ (23 ) $ (61 ) $ 108 Net investment gains (losses) on investments arising during the period 132 (30 ) 102 Reclassification adjustment for (gains) losses included in net income (50 ) 11 (39 ) Reclassification adjustment for OTTI losses excluded from net income(1) (39 ) 9 (30 ) Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables (1 ) 0 (1 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances and reinsurance payables 1 0 1 Impact of net unrealized investment (gains) losses on policyholders’ dividends (3 ) 1 (2 ) Balance, September 30, 2019 $ 232 $ (2 ) $ 5 $ (26 ) $ (70 ) $ 139 __________ (1) Represents “transfers in” related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss. All Other Net Unrealized Investment Gains (Losses) in AOCI Net Unrealized Gains (Losses) on Investments(1) DAC, DSI, VOBA and Reinsurance Recoverables Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables Policyholders’ Dividends Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) (in millions) Balance, December 31, 2018 $ 22,531 $ (738 ) $ (791 ) $ (894 ) $ (5,471 ) $ 14,637 Net investment gains (losses) on investments arising during the period 28,971 (6,579 ) 22,392 Reclassification adjustment for (gains) losses included in net income (1,138 ) 258 (880 ) Reclassification adjustment for OTTI losses excluded from net income(2) 39 (9 ) 30 Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables (1,035 ) 233 (802 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances and reinsurance payables (2,215 ) 502 (1,713 ) Impact of net unrealized investment (gains) losses on policyholders’ dividends (3,093 ) 650 (2,443 ) Cumulative effect of adoption of ASU 2017-12 9 (2 ) 7 Balance, September 30, 2019 $ 50,412 $ (1,773 ) $ (3,006 ) $ (3,987 ) $ (10,418 ) $ 31,228 __________ (1) Includes cash flow hedges. See Note 5 for information on cash flow hedges. (2) Represents “transfers out” related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidated earnings of Prudential Financial for the periods indicated, is as follows: Three Months Ended September 30, 2019 2018 Income Weighted Average Shares Per Share Amount Income Weighted Average Shares Per Share Amount (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 1,425 $ 1,675 Less: Income (loss) attributable to noncontrolling interests 7 3 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 15 19 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,403 404.1 $ 3.47 $ 1,653 416.2 $ 3.97 Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 15 $ 19 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 15 19 Stock options 1.0 1.4 Deferred and long-term compensation programs 1.2 1.2 Exchangeable Surplus Notes 1 2.2 5 5.9 Diluted earnings per share Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,404 408.5 $ 3.44 $ 1,658 424.7 $ 3.90 Nine Months Ended September 30, 2019 2018 Income Weighted Average Shares Per Share Amount Income Weighted Average Shares Per Share Amount (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 3,100 $ 3,239 Less: Income (loss) attributable to noncontrolling interests 42 7 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 33 37 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 3,025 406.2 $ 7.45 $ 3,195 419.2 $ 7.62 Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 33 $ 37 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 33 37 Stock options 1.1 1.6 Deferred and long-term compensation programs 1.1 1.1 Exchangeable Surplus Notes 12 4.8 16 5.9 Diluted earnings per share Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 3,037 413.2 $ 7.35 $ 3,211 427.8 $ 7.51 Unvested share-based payment awards that contain nonforfeitable rights to dividends are participating securities and included in the computation of earnings per share pursuant to the two-class method. Under this method, earnings attributable to Prudential Financial are allocated between Common Stock and the participating awards, as if the awards were a second class of stock. During periods of net income available to holders of Common Stock, the calculation of earnings per share excludes the income attributable to participating securities in the numerator and the dilutive impact of these securities from the denominator. In the event of a net loss available to holders of Common Stock, undistributed earnings are not allocated to participating securities and the denominator excludes the dilutive impact of these securities as they do not share in the losses of the Company. Undistributed earnings allocated to participating unvested share-based payment awards for the three months ended September 30, 2019 and 2018 , as applicable, were based on 4.5 million and 4.8 million of such awards, respectively, and for the nine months ended September 30, 2019 and 2018 , as applicable, were based on 4.6 million and 4.9 million of such awards, respectively, weighted for the period they were outstanding. Stock options and shares related to deferred and long-term compensation programs that are considered antidilutive are excluded from the computation of diluted earnings per share. Stock options are considered antidilutive based on application of the treasury stock method or in the event of a net loss available to holders of Common Stock. Shares related to deferred and long-term compensation programs are considered antidilutive in the event of a net loss available to holders of Common Stock. For the periods indicated, the number of stock options and shares related to deferred and long-term compensation programs that were considered antidilutive and were excluded from the computation of diluted earnings per share, weighted for the portion of the period they were outstanding, are as follows: Three Months Ended September 30, 2019 2018 Shares Exercise Price Per Share Shares Exercise Price Per Share (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 1.4 $ 101.57 0.8 $ 108.60 Antidilutive stock options due to net loss available to holders of Common Stock 0.0 0.0 Antidilutive shares based on application of the treasury stock method 0.0 0.0 Antidilutive shares due to net loss available to holders of Common Stock 0.0 0.0 Total antidilutive stock options and shares 1.4 0.8 Nine Months Ended September 30, 2019 2018 Shares Exercise Price Per Share Shares Exercise Price Per Share (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 1.2 $ 103.35 0.6 $ 108.46 Antidilutive stock options due to net loss available to holders of Common Stock 0.0 0.0 Antidilutive shares based on application of the treasury stock method 0.0 0.0 Antidilutive shares due to net loss available to holders of Common Stock 0.0 0.0 Total antidilutive stock options and shares 1.2 0.6 In September 2009, the Company issued $500 million of surplus notes with an interest rate of 5.36% per annum which were exchangeable at the option of the note holders for shares of Common Stock. In August 2019, as a result of the note holders’ exercise of the exchange option, the Company issued approximately 6.2 million shares of Common Stock at an exchange rate equal to 12.3877 shares of Common Stock per each $1,000 principal amount of surplus notes. The Company’s obligations under the surplus notes are now satisfied. In calculating diluted earnings per share under the if-converted method, the potential shares that would be issued assuming a hypothetical exchange, weighted for the period the notes are outstanding, are added to the denominator, and the related interest expense, net of tax, is excluded from the numerator, if the overall effect is dilutive.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Segments The Company’s principal operations are comprised of five divisions, which together encompass seven segments, and its Corporate and Other operations. The PGIM division consists of the PGIM segment. The U.S. Workplace Solutions division consists of the Retirement and Group Insurance segments. The U.S. Individual Solutions division consists of the Individual Annuities and Individual Life segments. The Company also collectively refers to the U.S. Workplace Solutions division and the U.S. Individual Solutions division as the U.S. Financial Wellness businesses. The International Insurance division consists of the International Insurance segment. The Closed Block division consists of the Closed Block segment. The Closed Block division is accounted for as a divested business that is reported separately from the Divested and Run-off Businesses that are included in Corporate and Other operations. Divested and Run-off Businesses are comprised of businesses that have been, or will be, sold or exited, including businesses that have been placed in wind down status that do not qualify for “discontinued operations” accounting treatment under U.S. GAAP. The Company’s Corporate and Other operations include corporate items and initiatives that are not allocated to business segments and businesses that have been or will be divested or placed in run-off, excluding the Closed Block division. Adjusted Operating Income The Company analyzes the operating performance of each segment using “adjusted operating income.” Adjusted operating income does not equate to “Income (loss) before income taxes and equity in earnings of operating joint ventures” or “Net income (loss)” as determined in accordance with U.S. GAAP but is the measure of segment profit or loss used by the Company’s chief operating decision maker to evaluate segment performance and allocate resources, and consistent with authoritative guidance, is the measure of segment performance presented below. Adjusted operating income is calculated by adjusting each segment’s “Income (loss) before income taxes and equity in earnings of operating joint ventures” for the following items: • realized investment gains (losses), net, and related adjustments; • charges related to realized investment gains (losses), net; • market experience updates; • net investment gains (losses) on assets supporting experience-rated contractholder liabilities and changes in experience-rated contractholder liabilities due to asset value changes; • divested and run-off businesses; and • equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests. These items are important to an understanding of overall results of operations. Adjusted operating income is not a substitute for income determined in accordance with U.S. GAAP, and the Company’s definition of adjusted operating income may differ from that used by other companies. The Company, however, believes that the presentation of adjusted operating income as measured for management purposes enhances the understanding of results of operations by highlighting the results from ongoing operations and the underlying profitability factors of its businesses. For more information on these reconciling items, see Note 21 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. The Company had historically recognized the immediate impacts from changes in current market conditions on estimates of profitability in current period adjusted operating income. Beginning with the second quarter of 2019, these impacts are excluded from adjusted operating income which the Company believes enhances the understanding of underlying performance trends. These amounts represent the impact of those changes on DAC and other costs and reserves, primarily resulting from variable annuity and variable and universal life products. Reconciliation of adjusted operating income to net income (loss) The table below reconciles “Adjusted operating income before income taxes” to “Income (loss) before income taxes and equity in earnings of operating joint ventures”: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Adjusted operating income before income taxes by segment: PGIM $ 232 $ 230 $ 710 $ 716 Total PGIM division 232 230 710 716 Retirement 302 239 1,020 833 Group Insurance 90 59 224 196 Total U.S. Workplace Solutions division 392 298 1,244 1,029 Individual Annuities(1) 459 454 1,393 1,480 Individual Life 59 170 29 249 Total U.S. Individual Solutions division 518 624 1,422 1,729 International Insurance 791 890 2,562 2,530 Total International Insurance division 791 890 2,562 2,530 Corporate and Other operations (281 ) (374 ) (1,028 ) (954 ) Total Corporate and Other (281 ) (374 ) (1,028 ) (954 ) Total segment adjusted operating income before income taxes 1,652 1,668 4,910 5,050 Reconciling items: Realized investment gains (losses), net, and related adjustments 382 271 (829 ) 751 Charges related to realized investment gains (losses), net (92 ) (94 ) (149 ) (233 ) Market experience updates(2) (314 ) 0 (522 ) 0 Investment gains (losses) on assets supporting experience-rated contractholder liabilities, net 91 10 832 (586 ) Change in experience-rated contractholder liabilities due to asset value changes (160 ) (21 ) (876 ) 482 Divested and Run-off businesses: Closed Block division 45 18 5 (22 ) Other Divested and Run-off businesses 155 12 441 (1,586 ) Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (34 ) (26 ) (71 ) (75 ) Consolidated income (loss) before income taxes and equity in earnings of operating joint ventures $ 1,725 $ 1,838 $ 3,741 $ 3,781 __________ (1) Individual Annuities segment results reflect DAC as if the individual annuity business is a stand-alone operation. The elimination of intersegment costs capitalized in accordance with this policy is included in consolidating adjustments within Corporate and Other operations. (2) Represents the immediate impacts in current period results from changes in current market conditions on estimates of profitability, which are excluded from adjusted operating income beginning with the second quarter of 2019. The Company had historically recognized these impacts in adjusted operating income. Reconciliation of selected financial information The tables below present certain financial information for the Company’s segments and its Corporate and Other operations, including assets by segment and revenues by segment on an adjusted operating income basis, and the reconciliation of the segment totals to amounts reported in the Consolidated Financial Statements. Assets by segment: September 30, December 31, (in millions) PGIM $ 46,721 $ 47,690 Total PGIM division 46,721 47,690 Retirement 189,188 175,525 Group Insurance 43,656 41,727 Total U.S. Workplace Solutions division 232,844 217,252 Individual Annuities 187,519 167,899 Individual Life 93,930 83,739 Total U.S. Individual Solutions division 281,449 251,638 International Insurance 240,535 222,633 Total International Insurance division 240,535 222,633 Corporate and Other operations 21,739 16,826 Total Corporate and Other 21,739 16,826 Closed Block division 62,338 59,039 Total Closed Block division 62,338 59,039 Total assets per Unaudited Interim Consolidated Financial Statements $ 885,626 $ 815,078 Revenues by segment: Three Months Ended Nine Months Ended 2019 2018 2019 2018 Revenues on an adjusted operating income basis: (in millions) PGIM $ 855 $ 817 $ 2,651 $ 2,459 Total PGIM division 855 817 2,651 2,459 Retirement 2,261 4,203 8,486 9,280 Group Insurance 1,438 1,430 4,340 4,270 Total U.S. Workplace Solutions division 3,699 5,633 12,826 13,550 Individual Annuities 1,251 1,224 3,774 3,742 Individual Life 1,529 1,454 4,519 4,330 Total U.S. Individual Solutions division 2,780 2,678 8,293 8,072 International Insurance 5,771 5,490 17,424 16,818 Total International Insurance division 5,771 5,490 17,424 16,818 Corporate and Other operations (177 ) (186 ) (512 ) (549 ) Total Corporate and Other (177 ) (186 ) (512 ) (549 ) Total revenues on an adjusted operating income basis 12,928 14,432 40,682 40,350 Reconciling items: Realized investment gains (losses), net, and related adjustments 382 271 (829 ) 751 Charges related to realized investment gains (losses), net (62 ) (60 ) (188 ) (223 ) Market experience updates(1) (65 ) 0 (72 ) 0 Investment gains (losses) on assets supporting experience-rated contractholder liabilities, net 91 10 832 (586 ) Divested and Run-off businesses: Closed Block division 1,482 1,249 4,157 3,800 Other Divested and Run-off businesses 389 276 1,113 551 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (40 ) (30 ) (111 ) (83 ) Total revenues per Unaudited Interim Consolidated Financial Statements $ 15,105 $ 16,148 $ 45,584 $ 44,560 __________ (1) Represents the immediate impacts in current period results from changes in current market conditions on estimates of profitability, which are excluded from adjusted operating income beginning with the second quarter of 2019. The Company had historically recognized these impacts in adjusted operating income. Intersegment revenues Management has determined the intersegment revenues with reference to market rates. Intersegment revenues are eliminated in consolidation in Corporate and Other operations. The PGIM segment revenues include intersegment revenues, primarily consisting of asset-based management and administration fees, as follows: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) PGIM segment intersegment revenues $ 197 $ 183 $ 571 $ 552 Segments may also enter into internal derivative contracts with other segments. For adjusted operating income, each segment accounts for the internal derivative results consistent with the manner in which that segment accounts for other similar external derivatives. Asset management and service fees The table below presents asset management and service fees, predominantly related to investment management activities, for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in millions) Asset-based management fees $ 881 $ 876 $ 2,596 $ 2,593 Performance-based incentive fees 10 10 108 21 Other fees 147 151 433 459 Total asset management and service fees $ 1,038 $ 1,037 $ 3,137 $ 3,073

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	COMMITMENTS AND CONTINGENT LIABILITIES Commitments and Guarantees Commercial Mortgage Loan Commitments September 30, December 31, (in millions) Total outstanding mortgage loan commitments $ 2,026 $ 3,299 Portion of commitment where prearrangement to sell to investor exists $ 693 $ 1,490 In connection with the Company’s commercial mortgage operations, it originates commercial mortgage loans. Commitments for loans that will be held for sale are recognized as derivatives and recorded at fair value. In certain of these transactions, the Company pre-arranges that it will sell the loan to an investor, including to government sponsored entities as discussed below, after the Company funds the loan. Commitments to Purchase Investments (excluding Commercial Mortgage Loans) September 30, December 31, (in millions) Expected to be funded from the general account and other operations outside the separate accounts $ 6,525 $ 6,941 Expected to be funded from separate accounts $ 32 $ 147 The Company has other commitments to purchase or fund investments, some of which are contingent upon events or circumstances not under the Company’s control, including those at the discretion of the Company’s counterparties. The Company anticipates a portion of these commitments will ultimately be funded from its separate accounts. Indemnification of Securities Lending and Securities Repurchase Transactions September 30, December 31, (in millions) Indemnification provided to certain clients for securities lending and securities repurchase transactions(1) $ 5,824 $ 5,399 Fair value of related collateral associated with above indemnifications(1) $ 5,957 $ 5,503 Accrued liability associated with guarantee $ 0 $ 0 __________ (1) As of September 30, 2019 , indemnification provided to certain clients and fair value of related collateral associated with such indemnification include $64 million and $63 million , respectively, related to securities repurchase transactions. In the normal course of business, the Company may facilitate securities lending or securities repurchase transactions on behalf of certain client accounts (collectively, “the accounts”). In certain of these arrangements, the Company has provided an indemnification to the accounts to hold them harmless against losses caused by counterparty (i.e., borrower) defaults associated with such transactions facilitated by the Company. In securities lending transactions, collateral is provided by the counterparty to the accounts at the inception of the transaction in an amount at least equal to 102% of the fair value of the loaned securities and the collateral is maintained daily to equal at least 102% of the fair value of the loaned securities. In securities repurchase transactions, collateral is provided by the counterparty to the accounts at the inception of the transaction in an amount at least equal to 95% of the fair value of the securities subject to repurchase and the collateral is maintained daily to equal at least 95% of the fair value of the securities subject to repurchase. The Company is only at risk if the counterparty to the transaction defaults and the value of the collateral held is less than the value of the securities loaned to, or subject to repurchase from, such counterparty. The Company believes the possibility of any payments under these indemnities is remote. Credit Derivatives Written As discussed further in Note 5, the Company writes credit derivatives under which the Company is obligated to pay the counterparty the referenced amount of the contract and receive in return the defaulted security or similar security. Guarantees of Asset Values September 30, December 31, (in millions) Guaranteed value of third-parties’ assets $ 80,102 $ 79,215 Fair value of collateral supporting these assets $ 82,037 $ 77,897 Asset (liability) associated with guarantee, carried at fair value $ 1 $ 2 Certain contracts underwritten by the Retirement segment include guarantees related to financial assets owned by the guaranteed party. These contracts are accounted for as derivatives and carried at fair value. The collateral supporting these guarantees is not reflected on the Unaudited Interim Consolidated Statements of Financial Position. Indemnification of Serviced Mortgage Loans September 30, December 31, (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 2,072 $ 1,828 First-loss exposure portion of above $ 610 $ 543 Accrued liability associated with guarantees $ 19 $ 17 As part of the commercial mortgage activities of the Company’s PGIM segment, the Company provides commercial mortgage origination, underwriting and servicing for certain government sponsored entities, such as Fannie Mae and Freddie Mac. The Company has agreed to indemnify the government sponsored entities for a portion of the credit risk associated with certain of the mortgages it services through a delegated authority arrangement. Under these arrangements, the Company originates multi-family mortgages for sale to the government sponsored entities based on underwriting standards they specify, and makes payments to them for a specified percentage share of losses they incur on certain loans serviced by the Company. The Company’s percentage share of losses incurred generally varies from 2% to 20% of the loan balance, and is typically based on a first-loss exposure for a stated percentage of the loan balance, plus a shared exposure with the government sponsored entity for any losses in excess of the stated first-loss percentage, subject to a contractually specified maximum percentage. The Company determines the liability related to this exposure using historical loss experience, and the size and remaining life of the asset. The Company serviced $16,370 million and $14,335 million of mortgages subject to these loss-sharing arrangements as of September 30, 2019 and December 31, 2018 , respectively, all of which are collateralized by first priority liens on the underlying multi-family residential properties. As of September 30, 2019 , these mortgages had a weighted-average debt service coverage ratio of 1.80 times and a weighted-average loan-to-value ratio of 61% . As of December 31, 2018 , these mortgages had a weighted average debt service coverage ratio of 1.83 times and a weighted-average loan-to-value ratio of 62% . The Company had no losses related to indemnifications that were settled for both the nine months ended September 30, 2019 and 2018 . Other Guarantees September 30, December 31, (in millions) Other guarantees where amount can be determined $ 68 $ 77 Accrued liability for other guarantees and indemnifications $ 0 $ 0 The Company is also subject to other financial guarantees and indemnity arrangements. The Company has provided indemnities and guarantees related to acquisitions, dispositions, investments and other transactions that are triggered by, among other things, breaches of representations, warranties or covenants provided by the Company. These obligations are typically subject to various time limitations, defined by the contract or by operation of law, such as statutes of limitation. In some cases, the maximum potential obligation is subject to contractual limitations, while in other cases such limitations are not specified or applicable. Included above are $12 million and $13 million as of September 30, 2019 and December 31, 2018 , respectively, of yield maintenance guarantees related to certain investments the Company sold. The Company does not expect to make any payments on these guarantees and is not carrying any liabilities associated with these guarantees. Since certain of these obligations are not subject to limitations, it is not possible to determine the maximum potential amount due under these guarantees. The accrued liabilities identified above do not include retained liabilities associated with sold businesses. Contingent Liabilities On an ongoing basis, the Company and its regulators review its operations including, but not limited to, sales and other customer interface procedures and practices, and procedures for meeting obligations to its customers and other parties. These reviews may result in the modification or enhancement of processes or the imposition of other action plans, including concerning management oversight, sales and other customer interface procedures and practices, and the timing or computation of payments to customers and other parties. In certain cases, if appropriate, the Company may offer customers or other parties remediation and may incur charges, including the cost of such remediation, administrative costs and regulatory fines. The Company is subject to the laws and regulations of states and other jurisdictions concerning the identification, reporting and escheatment of unclaimed or abandoned funds, and is subject to audit and examination for compliance with these requirements. For additional discussion of these matters, see “ — Litigation and Regulatory Matters” below. It is possible that the results of operations or the cash flow of the Company in a particular quarterly or annual period could be materially affected as a result of payments in connection with the matters discussed above or other matters depending, in part, upon the results of operations or cash flow for such period. Management believes, however, that ultimate payments in connection with these matters, after consideration of applicable reserves and rights to indemnification, should not have a material adverse effect on the Company’s financial position. Litigation and Regulatory Matters The Company is subject to legal and regulatory actions in the ordinary course of its businesses. Pending legal and regulatory actions include proceedings relating to aspects of the Company’s businesses and operations that are specific to it and proceedings that are typical of the businesses in which it operates, including in both cases businesses that have been either divested or placed in wind down status. Some of these proceedings have been brought on behalf of various alleged classes of complainants. In certain of these matters, the plaintiffs are seeking large and/or indeterminate amounts, including punitive or exemplary damages. The outcome of litigation or a regulatory matter, and the amount or range of potential loss at any particular time, is often inherently uncertain. The Company establishes accruals for litigation and regulatory matters when it is probable that a loss has been incurred and the amount of that loss can be reasonably estimated. For litigation and regulatory matters where a loss may be reasonably possible, but not probable, or is probable but not reasonably estimable, no accrual is established but the matter, if potentially material, is disclosed, including matters discussed below. The Company estimates that as of September 30, 2019 , the aggregate range of reasonably possible losses in excess of accruals established for those litigation and regulatory matters for which such an estimate currently can be made is less than $250 million . Any estimate is not an indication of expected loss, if any, or the Company’s maximum possible loss exposure on such matters. The Company reviews relevant information with respect to its litigation and regulatory matters on a quarterly and annual basis and updates its accruals, disclosures and estimates of reasonably possible loss based on such reviews. The following discussion of litigation and regulatory matters provides an update of those matters discussed in Note 22 to the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 , and should be read in conjunction with the complete descriptions provided in the Form 10-K. Labor and Employment Matters Prudential of Brazil Labor and Employment Matters Prudential of Brazil (“POB”) sells insurance products to consumers through life planner franchisees (“Life Planners”), who are engaged as independent life insurance brokers and not as employees. When a Life Planner’s contractual relationship with POB is terminated, in many cases the Life Planner commences a labor suit against POB alleging entitlement to employment related benefits. POB is a defendant in numerous such lawsuits in Brazil brought by former Life Planners and has been subject to regulatory actions challenging the validity of POB’s franchise model. POB has continued to receive additional labor suits and regulatory actions involving the operation of its franchise model notwithstanding steps that POB has taken to attempt to mitigate the labor risk by modifying its franchise model. POB continues to evaluate changes to its franchise model to further mitigate this risk. Individual Annuities, Individual Life and Group Insurance Behfarin v. Pruco Life In October 2019, plaintiff filed: (1) the First Amended Complaint adding Prudential Insurance Company of America and Pruco Life Insurance Company of New Jersey as defendants; and (2) a motion seeking preliminary certification of a settlement class, appointment of a class representative and class counsel, and preliminary approval of the proposed class action settlement. Huffman v. The Prudential Insurance Company of America In April 2019, the court entered a Final Judgment and Order of Dismissal. This matter is now closed. Escheatment Litigation Total Asset Recovery Services, LLC v. MetLife, Inc., et al., Prudential Financial, Inc., The Prudential Insurance Company of America, and Prudential Insurance Agency, LLC In April 2019, defendants’ motion to dismiss the Second Amended Complaint was granted and plaintiff subsequently filed a Notice of Appeal with the New York State Supreme Court, First Department. Residential Mortgage-Backed Securities (“RMBS”) Trustee Litigation PICA et al. v. Bank of New York Mellon In October 2019, the federal court action was dismissed with prejudice. This matter is now closed. PICA et al. v. Citibank N.A. In June 2019, the federal court action was dismissed with prejudice, and in September 2019, the state court action was also dismissed with prejudice. This matter is now closed. PICA et al. v. HSBC, et al. In May 2019, the court dismissed the case with prejudice. This matter is now closed. PICA et al. v. U.S. Bank N.A. In April 2019, a decision and order were issued dismissing plaintiffs’ state court action with prejudice. This matter is now closed. PICA et al. v. Wells Fargo Bank, et al. In May 2019, the state court entered an Order and Final Judgment approving the class action settlement and dismissing the case with prejudice. LIBOR Litigation Prudential Investment Portfolios 2, f/k/a Dryden Core Investment Fund, o/b/o Prudential Core Short-Term Bond Fund and Prudential Core Taxable Money Market Fund v. Bank of America Corporation, et al. In June 2019, the court issued two orders approving stipulations dismissing with prejudice Prudential’s claims against Citigroup Inc., Citibank, N.A., Citigroup Funding Inc., and Citigroup Global Markets Inc. Regulatory Matters Securities Lending and Foreign Tax Reclaim Matter In 2016, the Company self-reported to the SEC and the U.S. Department of Labor (“DOL”), and notified other regulators, that in some cases it failed to maximize securities lending income for the benefit of certain separate account investments due to a long-standing restriction benefiting the Company that limited the availability of loanable securities. The Company has removed the restriction and implemented a remediation plan for the benefit of customers. As part of the Company’s review of this matter, in 2018 it further self-reported to the SEC, and notified other regulators, that in some cases it failed to timely process foreign tax reclaims for the separate account investments. The Company has corrected the foreign tax reclaim process and has implemented a remediation plan for the benefit of customers. The DOL’s review of the securities lending matter is closed. In September 2019, the Company reached a settlement of these matters with the SEC. As part of the settlement the Company agreed to pay a fine of $5 million and disgorgement of $27.6 million , and consented to the entry of an Administrative Order containing findings that two subsidiaries of the Company violated certain sections of the Investment Advisers Act of 1940 and the Investment Advisers Act Rules and ordering the subsidiaries to cease and desist from committing or causing any violations and any future violations of those provisions. In reaching this settlement, the Company neither admitted nor denied the SEC’s findings. Summary The Company’s litigation and regulatory matters are subject to many uncertainties, and given their complexity and scope, their outcome cannot be predicted. It is possible that the Company’s results of operations or cash flow in a particular quarterly or annual period could be materially affected by an ultimate unfavorable resolution of pending litigation and regulatory matters depending, in part, upon the results of operations or cash flow for such period. In light of the unpredictability of the Company’s litigation and regulatory matters, it is also possible that in certain cases an ultimate unfavorable resolution of one or more pending litigation or regulatory matters could have a material adverse effect on the Company’s financial position. Management believes, however, that, based on information currently known to it, the ultimate outcome of all pending litigation and regulatory matters, after consideration of applicable reserves and rights to indemnification, is not likely to have a material adverse effect on the Company’s financial position.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS In October 2019, the Company completed the acquisition of Assurance IQ, Inc. (“Assurance”), a leading consumer solutions platform for health and financial wellness needs, for approximately $1.8 billion in cash, net of transaction expenses, and restricted Prudential Common Stock and equity awards with a market value of approximately $0.5 billion as of the closing date. In addition, up to approximately $1.15 billion in a mix of approximately 25% cash and 75% Prudential Common Stock will be payable in 2023 (subject to acceleration of the maximum payment under certain circumstances) contingent upon Assurance’s achievement of certain targets for gross revenues net of associated selling expenses (“Variable Profits”) over the period from January 1, 2020 through December 31, 2022, as further described below: • If Variable Profits are less than $900 million , no additional consideration is payable. • If Variable Profits are greater than $1.3 billion , approximately $1.15 billion in cash and stock is payable. • If Variable Profits are greater than $900 million but less than or equal to $1.3 billion , additional cash and stock is payable in an amount equal to the product of (i) the quotient of (A) an amount equal to (1) Variable Profits achieved minus (2) $900 million divided by (B) $400 million and (ii) $1.15 billion . The number of shares of Prudential Common Stock issued at closing was determined based on a $83.71 price per share, which is equal to the daily volume weighted average price of Prudential Common Stock for the 15 trading days before, and 15 trading days beginning on, September 4, 2019, the date of the merger agreement. The number of shares issued as part of the contingent consideration payable in 2023 will also be based on a $83.71 price per share. As the transaction has closed recently, the purchase accounting has not yet been completed.

Significant Accounting Polici_2

Significant Accounting Policies and Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). Intercompany balances and transactions have been eliminated. The Unaudited Interim Consolidated Financial Statements include the accounts of Prudential Financial, entities over which the Company exercises control, including majority-owned subsidiaries and variable interest entities (“VIEs”) in which the Company is considered the primary beneficiary. See Note 4 for more information on the Company’s consolidated variable interest entities. In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature. Interim results are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 .
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining deferred policy acquisition costs (“DAC”) and related amortization; value of business acquired (“VOBA”) and its amortization; amortization of deferred sales inducements (“DSI”); measurement of goodwill and any related impairment; valuation of investments including derivatives and the recognition of other-than-temporary impairments (“OTTI”); future policy benefits including guarantees; pension and other postretirement benefits; provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal and regulatory matters.
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation.
Adoption of New Accounting Pronouncements	Other ASU adopted during the nine months ended September 30, 2019 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2017-08 , Receivables -Nonrefundable Fees and Other Costs (Subtopic 310-20) Premium Amortization on Purchased Callable Debt Securities This ASU requires certain premiums on callable debt securities to be amortized to the earliest call date. January 1, 2019 using the modified retrospective method which included cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. Adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. The impact of the cumulative-effect adjustment to retained earnings was immaterial. ASU 2017-12 , Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities This ASU makes targeted changes to the existing hedge accounting model to better portray the economics of an entity’s risk management activities and to simplify the use of hedge accounting. The ASU eliminates separate measurement and recording of hedge ineffectiveness. It requires entities to present the earnings effect of the hedging instrument in the same income statement line item in which the hedged item is reported and also requires expanded disclosures. January 1, 2019 using the modified retrospective method which included cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. Adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. The impact of the cumulative-effect adjustment to retained earnings and accumulated other comprehensive income (loss) (“AOCI”) related to ineffectiveness of the hedge instruments outstanding at the date of adoption was immaterial. See Note 5 for additional required disclosures. Adoption of ASU 2016-02 Effective January 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842), using the optional transition method with a cumulative effect adjustment recorded as of the beginning of the period of adoption. This ASU substantially changes a lessee’s accounting for leases and requires the recording, on balance sheet, using a dual lease accounting model, of a “right-of-use” asset and lease liability. Leases are to be classified as either operating or finance leases. Under the standard, for operating leases, lessees recognize total lease expenses using a straight-line method and finance leases are treated as the purchase of an asset on a financing basis. Accordingly, the impact of operating and finance lease expenses on the income statement is similar to prior guidance under Leases (Topic 840). For lessors, the standard modifies classification criteria and accounting for sales-type and direct financing leases and requires a lessor to derecognize the carrying value of the leased asset that is considered to have been transferred to a lessee and record a lease receivable and residual asset (“receivable and residual” approach). The standard also eliminates the leveraged lease accounting model for lessors and real estate specific provisions (i.e., those related to sale-leaseback transactions); it does allow, however, a grandfathering of the leveraged lease accounting model for those existing leases that are being accounted for using such model. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the standard which eliminated the need to reassess: (a) whether any existing contracts are, or contain, leases; (b) the lease classification for any existing leases (i.e., all existing lessee arrangements that were classified as operating leases before are now classified as operating leases, and all existing lessee arrangements that were classified as capital leases before are now classified as finance leases); and (c) initial direct costs for any existing leases. The Company did not elect the practical expedient, which may be applied separately, to use hindsight in determining the lease term and in assessing impairment of the Company’s right-of-use assets. Adoption of the standard resulted in the recording of right-of-use assets and lease liabilities related to existing operating leases of approximately $600 million as of January 1, 2019. Adoption of the standard also resulted in additional required disclosures. See Note 7 for additional information.
Future Adoption Of New Accounting Pronouncements	ASU issued but not yet adopted as of September 30, 2019 — ASU 2018-12 ASU 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, was issued by the FASB on August 15, 2018 and is expected to have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. In October 2019, the FASB affirmed its decision to defer the effective date of the ASU to January 1, 2022 (with early adoption permitted), representing a one year extension from the original effective date of January 1, 2021. This ASU will impact, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company. Outlined below are four key areas of change, although there are other less significant changes not noted below. In addition to the impacts to the balance sheet upon adoption, the Company also expects an impact to how earnings emerge thereafter. ASU 2018-12 Amended Topic Description Method of adoption Effect on the financial statements or other significant matters Cash flow assumptions used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires an entity to review, and if necessary, update the cash flow assumptions used to measure the liability for future policy benefits, for both changes in future assumptions and actual experience, at least annually using a retrospective update method with a cumulative catch-up adjustment recorded in a separate line item in the Consolidated Statements of Operations. An entity may choose one of two adoption methods for the liability for future policy benefits: (1) a modified retrospective transition method whereby the entity will apply the amendments to contracts in force as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) a full retrospective transition method. The options for method of adoption and the impacts of such methods are under assessment. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires discount rate assumptions to be based on an upper-medium grade fixed income instrument yield and will be required to be updated each quarter with the impact recorded through Other Comprehensive Income (“OCI”). As noted above, an entity may choose either a modified retrospective transition method or full retrospective transition method for the liability for future policy benefits. Under either method, for balance sheet remeasurement purposes, the liability for future policy benefits will be remeasured using current discount rates as of the beginning of the earliest period presented with the impact recorded as a cumulative effect adjustment to AOCI. Upon adoption, under either transition method, there will be an adjustment to AOCI as a result of remeasuring in-force contract liabilities using current upper-medium grade fixed income instrument yields. The adjustment upon adoption will largely reflect the difference between the discount rate locked-in at contract inception versus current discount rates at transition. The magnitude of such adjustment is currently being assessed. Amortization of deferred acquisition costs (DAC) and other balances Requires DAC and other balances, such as unearned revenue reserves and deferred sales inducements, to be amortized on a constant level basis over the expected term of the related contract, independent of expected profitability. An entity may apply one of two adoption methods: (1) a modified retrospective transition method whereby the entity will apply the amendments to contracts in force as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) if an entity chooses a full retrospective transition method for its future policy benefits, as described above, it is required to also use a retrospective transition method for DAC and other balances. The options for method of adoption and the impacts of such methods are under assessment. Under the modified retrospective transition method, the Company would not expect a significant impact to the balance sheet, other than the impact of the removal of any related amounts in AOCI. Market Risk Benefits Requires an entity to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value with changes in value attributable to changes in an entity’s non-performance risk (“NPR”) recognized in OCI. An entity will apply a retrospective transition method which will include a cumulative-effect adjustment on the balance sheet as of the earliest period presented. Upon adoption, the Company expects an impact to retained earnings for the difference between the fair value and carrying value of benefits not currently measured at fair value (e.g., guaranteed minimum death benefits on variable annuities) and an impact from reclassifying the cumulative effect of changes in NPR from retained earnings to AOCI. The magnitude of such adjustments is currently being assessed. Other ASU issued but not yet adopted as of September 30, 2019 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2016-13 , Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments This ASU provides a new current expected credit loss model to account for credit losses on certain financial assets and off-balance sheet exposures (e.g., loans held for investment, debt securities held-to-maturity, reinsurance receivables, net investments in leases and loan commitments). The model requires an entity to estimate lifetime credit losses related to such financial assets and exposures based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The standard also modifies the current OTTI standard for available-for-sale debt securities to require the use of an allowance rather than a direct write down of the investment, and replaces the existing standard for purchased credit deteriorated loans and debt securities. January 1, 2020 using the modified retrospective method which will include a cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. However, prospective application is required for purchased credit deteriorated assets previously accounted for under ASC 310-30 and for debt securities for which an OTTI was recognized prior to the date of adoption. Early adoption is permitted beginning January 1, 2019. The Company continues to test and refine its expected credit loss models and related systems, processes and controls for assets held on the Consolidated Statement of Financial Position at amortized cost. We currently estimate the cumulative impact of the adoption will be a reduction to retained earnings of less than $200 million, primarily attributable to the reserves for commercial mortgage and other loans. ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment This ASU simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test in current U.S. GAAP, which measures a goodwill impairment by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of the goodwill. Under the ASU, a goodwill impairment should be recorded for the amount by which the carrying amount of a reporting unit exceeds its fair value (capped by the total amount of goodwill allocated to the reporting unit). January 1, 2020 using the prospective method (with early adoption permitted). The Company does not plan to early adopt this ASU. The Company does not expect the adoption of the ASU to have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2019
Investments [Abstract]
Fixed Maturities, Available-for-sale Securities	(1) Excludes notes with amortized cost of $4,356 million (fair value, $4,356 million ), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, auto loans, education loans, home equity loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Represents the amount of unrealized losses remaining in AOCI, from the impairment measurement date. Amount excludes $361 million of net unrealized gains on impaired available-for-sale securities and $1 million of net unrealized gains on impaired held-to-maturity securities relating to changes in the value of such securities subsequent to the impairment measurement date. (5) Excludes notes with amortized cost of $4,914 million (fair value, $5,362 million ), which have been offset with the associated debt under a netting agreement. (1) Excludes notes with amortized cost of $4,216 million (fair value, $4,216 million ), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Represents the amount of unrealized losses remaining in AOCI, from the impairment measurement date. Amount excludes $356 million of net unrealized gains on impaired available-for-sale securities and $1 million of net unrealized gains on impaired held-to-maturity securities relating to changes in the value of such securities subsequent to the impairment measurement date. (5) Excludes notes with amortized cost of $4,879 million (fair value, $4,879 million ), which have been offset with the associated debt under a netting agreement. The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: September 30, 2019 Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(4) (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 28,937 $ 6,770 $ 7 $ 35,700 $ 0 Obligations of U.S. states and their political subdivisions 9,869 1,584 0 11,453 0 Foreign government bonds 98,451 22,962 53 121,360 (34 ) U.S. public corporate securities 85,833 11,480 320 96,993 (5 ) U.S. private corporate securities(1) 33,837 2,465 153 36,149 0 Foreign public corporate securities 27,336 3,190 117 30,409 (7 ) Foreign private corporate securities 26,771 994 850 26,915 0 Asset-backed securities(2) 13,652 169 36 13,785 (82 ) Commercial mortgage-backed securities 14,934 839 5 15,768 0 Residential mortgage-backed securities(3) 2,947 179 1 3,125 (1 ) Total fixed maturities, available-for-sale(1) $ 342,567 $ 50,632 $ 1,542 $ 391,657 $ (129 ) December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(4) (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 28,242 $ 2,994 $ 642 $ 30,594 $ 0 Obligations of U.S. states and their political subdivisions 9,880 676 63 10,493 0 Foreign government bonds 96,710 16,714 314 113,110 0 U.S. public corporate securities 82,257 3,912 2,754 83,415 (2 ) U.S. private corporate securities(1) 32,450 1,151 581 33,020 0 Foreign public corporate securities 27,671 2,061 531 29,201 (3 ) Foreign private corporate securities 25,314 434 1,217 24,531 0 Asset-backed securities(2) 12,888 162 77 12,973 (160 ) Commercial mortgage-backed securities 13,396 99 180 13,315 0 Residential mortgage-backed securities(3) 2,937 99 32 3,004 (1 ) Total fixed maturities, available-for-sale(1) $ 331,745 $ 28,302 $ 6,391 $ 353,656 $ (166 )
Fixed Maturities, Held-to-maturity Securities	September 30, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 896 $ 305 $ 0 $ 1,201 Foreign public corporate securities 651 69 0 720 Foreign private corporate securities 83 3 0 86 Residential mortgage-backed securities(3) 328 24 0 352 Total fixed maturities, held-to-maturity(5) $ 1,958 $ 401 $ 0 $ 2,359 __________ (1) Excludes notes with amortized cost of $4,356 million (fair value, $4,356 million ), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, auto loans, education loans, home equity loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Represents the amount of unrealized losses remaining in AOCI, from the impairment measurement date. Amount excludes $361 million of net unrealized gains on impaired available-for-sale securities and $1 million of net unrealized gains on impaired held-to-maturity securities relating to changes in the value of such securities subsequent to the impairment measurement date. (5) Excludes notes with amortized cost of $4,914 million (fair value, $5,362 million ), which have been offset with the associated debt under a netting agreement. December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 885 $ 269 $ 0 $ 1,154 Foreign public corporate securities 668 64 0 732 Foreign private corporate securities 95 3 0 98 Residential mortgage-backed securities(3) 365 23 0 388 Total fixed maturities, held-to-maturity(5) $ 2,013 $ 359 $ 0 $ 2,372 __________ (1) Excludes notes with amortized cost of $4,216 million (fair value, $4,216 million ), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Represents the amount of unrealized losses remaining in AOCI, from the impairment measurement date. Amount excludes $356 million of net unrealized gains on impaired available-for-sale securities and $1 million of net unrealized gains on impaired held-to-maturity securities relating to changes in the value of such securities subsequent to the impairment measurement date. (5) Excludes notes with amortized cost of $4,879 million (fair value, $4,879 million ), which have been offset with the associated debt under a netting agreement.
Duration Of Gross Unrealized Losses On Fixed Maturity Securities	The following tables set forth the fair value and gross unrealized losses aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the dates indicated: September 30, 2019 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities(1): U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 1,185 $ 7 $ 64 $ 0 $ 1,249 $ 7 Obligations of U.S. states and their political subdivisions 44 0 0 0 44 0 Foreign government bonds 1,177 49 134 4 1,311 53 U.S. public corporate securities 3,174 93 2,778 227 5,952 320 U.S. private corporate securities 1,243 54 1,791 99 3,034 153 Foreign public corporate securities 1,223 47 587 70 1,810 117 Foreign private corporate securities 3,217 76 6,304 774 9,521 850 Asset-backed securities 3,141 16 3,983 20 7,124 36 Commercial mortgage-backed securities 283 1 190 4 473 5 Residential mortgage-backed securities 40 0 117 1 157 1 Total $ 14,727 $ 343 $ 15,948 $ 1,199 $ 30,675 $ 1,542 __________ (1) As of September 30, 2019 , there were no securities classified as held-to-maturity in a gross unrealized loss position. December 31, 2018 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities(1): U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 3,007 $ 67 $ 6,986 $ 575 $ 9,993 $ 642 Obligations of U.S. states and their political subdivisions 1,725 25 999 38 2,724 63 Foreign government bonds 2,369 136 3,515 178 5,884 314 U.S. public corporate securities 34,064 1,570 13,245 1,184 47,309 2,754 U.S. private corporate securities 8,923 225 7,985 356 16,908 581 Foreign public corporate securities 7,363 308 2,928 223 10,291 531 Foreign private corporate securities 12,218 692 4,468 525 16,686 1,217 Asset-backed securities 8,255 70 669 7 8,924 77 Commercial mortgage-backed securities 1,781 14 4,733 166 6,514 180 Residential mortgage-backed securities 194 1 1,042 31 1,236 32 Total $ 79,899 $ 3,108 $ 46,570 $ 3,283 $ 126,469 $ 6,391 __________ (1) As of December 31, 2018 , there was $13 million of fair value and less than $1 million of gross unrealized losses, which are not reflected in AOCI, on securities classified as held-to-maturity.
Fixed Maturities Classified by Contractual Maturity Date	The following table sets forth the amortized cost and fair value of fixed maturities by contractual maturities, as of the date indicated: September 30, 2019 Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value (in millions) Fixed maturities: Due in one year or less $ 14,490 $ 15,011 $ 29 $ 29 Due after one year through five years 50,551 53,730 114 117 Due after five years through ten years 66,752 73,205 595 664 Due after ten years(1) 179,241 217,033 892 1,197 Asset-backed securities 13,652 13,785 0 0 Commercial mortgage-backed securities 14,934 15,768 0 0 Residential mortgage-backed securities 2,947 3,125 328 352 Total $ 342,567 $ 391,657 $ 1,958 $ 2,359 __________ (1) Excludes available-for-sale notes with amortized cost of $4,356 million (fair value, $4,356 million ) and held-to-maturity notes with amortized cost of $4,914 million (fair value, $5,362 million ), which have been offset with the associated debt under a netting agreement.
Sources of Fixed Maturity Proceeds and Related Investment Gains (Losses) as well as Losses on Impairments	The following table sets forth the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on impairments of fixed maturities, for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in millions) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 7,190 $ 7,135 $ 24,011 $ 26,209 Proceeds from maturities/prepayments 5,315 4,941 14,507 16,720 Gross investment gains from sales and maturities 565 254 1,276 1,038 Gross investment losses from sales and maturities (62 ) (146 ) (345 ) (590 ) OTTI recognized in earnings(2) (143 ) (32 ) (242 ) (129 ) Fixed maturities, held-to-maturity: Proceeds from maturities/prepayments(3) $ 47 $ 17 $ 84 $ 76 __________ (1) Includes $162 million and $26 million of non-cash related proceeds due to the timing of trade settlements for the nine months ended September 30, 2019 and 2018 , respectively. (2) Excludes the portion of OTTI amounts remaining in OCI, representing any difference between the fair value of the impaired debt security and the net present value of its projected future cash flows at the time of impairment. (3) Includes less than $1 million of non-cash related proceeds due to the timing of trade settlements for both the nine months ended September 30, 2019 and 2018 .
Credit Losses Recognized in Earnings on Fixed Maturity Securities Held by the Company for which a Portion of the OTTI Loss was Recognized in OCI	The following table sets forth a rollforward of pre-tax amounts remaining in OCI related to fixed maturity securities with credit loss impairments recognized in earnings, for the periods indicated: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Credit loss impairments: Balance in OCI, beginning of period $ 142 $ 163 $ 140 $ 319 New credit loss impairments 38 1 58 1 Additional credit loss impairments on securities previously impaired 3 0 11 0 Increases due to the passage of time on previously recorded credit losses 2 2 5 8 Reductions for securities which matured, paid down, prepaid or were sold during the period (9 ) (5 ) (36 ) (160 ) Reductions for securities impaired to fair value during the period(1) (11 ) (1 ) (11 ) (5 ) Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected (1 ) 0 (3 ) (3 ) Balance in OCI, end of period $ 164 $ 160 $ 164 $ 160 __________ (1) Represents circumstances where the Company determined in the current period that it intends to sell the security or it is more likely than not that it will be required to sell the security before recovery of the security’s amortized cost.
Assets Supporting Experience-Rated Contractholder Liabilities	The following table sets forth the composition of “Assets supporting experience-rated contractholder liabilities,” as of the dates indicated: September 30, 2019 December 31, 2018 Amortized Fair Value Amortized Fair Value (in millions) Short-term investments and cash equivalents $ 489 $ 489 $ 215 $ 215 Fixed maturities: Corporate securities 13,548 13,949 13,258 13,119 Commercial mortgage-backed securities 2,084 2,152 2,346 2,324 Residential mortgage-backed securities(1) 1,034 1,057 828 811 Asset-backed securities(2) 1,678 1,708 1,649 1,665 Foreign government bonds 798 819 1,087 1,083 U.S. government authorities and agencies and obligations of U.S. states 339 400 538 577 Total fixed maturities(3) 19,481 20,085 19,706 19,579 Equity securities 1,474 1,693 1,378 1,460 Total assets supporting experience-rated contractholder liabilities(4) $ 21,444 $ 22,267 $ 21,299 $ 21,254 __________ (1) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (2) Includes collateralized loan obligations, auto loans, education loans, home equity loans and other asset types. Collateralized loan obligations at fair value were $1,063 million and $1,028 million as of September 30, 2019 and December 31, 2018 , respectively, all of which were rated AAA. (3) As a percentage of amortized cost, 94% and 93% of the portfolio was considered high or highest quality based on NAIC or equivalent ratings, as of September 30, 2019 and December 31, 2018 , respectively. (4) As a percentage of amortized cost, 78% of the portfolio consisted of public securities as of both September 30, 2019 and December 31, 2018 .
Securities Concentrations of Credit Risk	As of the dates indicated, the Company’s exposure to concentrations of credit risk of single issuers greater than 10% of the Company’s equity included securities of the U.S. government and certain U.S. government agencies and securities guaranteed by the U.S. government, as well as the securities disclosed below: September 30, 2019 December 31, 2018 Amortized Fair Value Amortized Fair Value (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 73,835 $ 90,680 $ 71,952 $ 84,461 Fixed maturities, held-to-maturity 874 1,170 864 1,127 Fixed maturities, trading 23 23 22 22 Assets supporting experience-rated contractholder liabilities 632 654 691 697 Total $ 75,364 $ 92,527 $ 73,529 $ 86,307 September 30, 2019 December 31, 2018 Amortized Fair Value Amortized Fair Value (in millions) Investments in South Korean government and government agency securities: Fixed maturities, available-for-sale $ 10,224 $ 13,155 $ 10,339 $ 12,586 Assets supporting experience-rated contractholder liabilities 15 16 15 15 Total $ 10,239 $ 13,171 $ 10,354 $ 12,601
Commercial Mortgage and Other Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: September 30, 2019 December 31, 2018 Amount (in millions) % of Total Amount (in millions) % of Total Commercial mortgage and agricultural property loans by property type: Office $ 12,809 21.0 % $ 13,280 22.4 % Retail 8,385 13.7 8,639 14.6 Apartments/Multi-Family 17,112 28.0 16,538 28.0 Industrial 13,262 21.7 11,574 19.6 Hospitality 2,196 3.6 1,931 3.3 Other 3,862 6.3 3,846 6.5 Total commercial mortgage loans 57,626 94.3 55,808 94.4 Agricultural property loans 3,510 5.7 3,316 5.6 Total commercial mortgage and agricultural property loans by property type 61,136 100.0 % 59,124 100.0 % Allowance for credit losses (117 ) (123 ) Total net commercial mortgage and agricultural property loans by property type 61,019 59,001 Other loans: Uncollateralized loans 660 660 Residential property loans 132 157 Other collateralized loans 26 17 Total other loans 818 834 Allowance for credit losses (4 ) (5 ) Total net other loans 814 829 Total commercial mortgage and other loans(1) $ 61,833 $ 59,830 __________ (1) Includes loans held for sale which are carried at fair value and are collateralized primarily by apartment complexes. As of September 30, 2019 and December 31, 2018 , the net carrying value of these loans was $551 million and $763 million , respectively.
Allowance for Credit Losses	The following table sets forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Balance at December 31, 2017 $ 97 $ 3 $ 1 $ 0 $ 5 $ 106 Addition to (release of) allowance for credit losses 23 0 (1 ) 0 0 22 Charge-offs, net of recoveries 0 0 0 0 0 0 Change in foreign exchange 0 0 0 0 0 0 Balance at December 31, 2018 120 3 0 0 5 128 Addition to (release of) allowance for credit losses (5 ) 0 0 0 (1 ) (6 ) Charge-offs, net of recoveries (1 ) 0 0 0 0 (1 ) Change in foreign exchange 0 0 0 0 0 0 Balance at September 30, 2019 $ 114 $ 3 $ 0 $ 0 $ 4 $ 121
Allowance for Credit Losses and Recorded Investment in Commercial Mortgage and Other Loans	The following tables set forth the allowance for credit losses and the recorded investment in commercial mortgage and other loans, as of the dates indicated: September 30, 2019 Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Allowance for credit losses: Individually evaluated for impairment $ 7 $ 0 $ 0 $ 0 $ 0 $ 7 Collectively evaluated for impairment 107 3 0 0 4 114 Total ending balance(1) $ 114 $ 3 $ 0 $ 0 $ 4 $ 121 Recorded investment(2): Individually evaluated for impairment $ 41 $ 16 $ 0 $ 0 $ 0 $ 57 Collectively evaluated for impairment 57,585 3,494 132 26 660 61,897 Total ending balance(1) $ 57,626 $ 3,510 $ 132 $ 26 $ 660 $ 61,954 __________ (1) As of September 30, 2019 , there were no loans acquired with deteriorated credit quality. (2) Recorded investment reflects the carrying value gross of related allowance. December 31, 2018 Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Allowance for credit losses: Individually evaluated for impairment $ 19 $ 0 $ 0 $ 0 $ 0 $ 19 Collectively evaluated for impairment 101 3 0 0 5 109 Total ending balance(1) $ 120 $ 3 $ 0 $ 0 $ 5 $ 128 Recorded investment(2): Individually evaluated for impairment $ 67 $ 35 $ 0 $ 0 $ 2 $ 104 Collectively evaluated for impairment 55,741 3,281 157 17 658 59,854 Total ending balance(1) $ 55,808 $ 3,316 $ 157 $ 17 $ 660 $ 59,958 __________ (1) As of December 31, 2018 , there were no loans acquired with deteriorated credit quality. (2) Recorded investment reflects the carrying value gross of related allowance.
Financing Receivable Credit Quality Indicators	The following tables set forth certain key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the date indicated: Commercial mortgage loans September 30, 2019 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 30,196 $ 798 $ 81 $ 31,075 60%-69.99% 17,649 556 0 18,205 70%-79.99% 7,283 762 9 8,054 80% or greater 90 143 59 292 Total commercial mortgage loans $ 55,218 $ 2,259 $ 149 $ 57,626 Agricultural property loans September 30, 2019 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 3,234 $ 157 $ 14 $ 3,405 60%-69.99% 105 0 0 105 70%-79.99% 0 0 0 0 80% or greater 0 0 0 0 Total agricultural property loans $ 3,339 $ 157 $ 14 $ 3,510 Total commercial mortgage and agricultural property loans September 30, 2019 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 33,430 $ 955 $ 95 $ 34,480 60%-69.99% 17,754 556 0 18,310 70%-79.99% 7,283 762 9 8,054 80% or greater 90 143 59 292 Total commercial mortgage and agricultural property loans $ 58,557 $ 2,416 $ 163 $ 61,136 The following tables set forth certain key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the date indicated: Commercial mortgage loans December 31, 2018 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 30,325 $ 538 $ 161 $ 31,024 60%-69.99% 16,538 621 0 17,159 70%-79.99% 6,324 754 41 7,119 80% or greater 332 142 32 506 Total commercial mortgage loans $ 53,519 $ 2,055 $ 234 $ 55,808 Agricultural property loans December 31, 2018 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 2,997 $ 198 $ 57 $ 3,252 60%-69.99% 64 0 0 64 70%-79.99% 0 0 0 0 80% or greater 0 0 0 0 Total agricultural property loans $ 3,061 $ 198 $ 57 $ 3,316 Total commercial mortgage and agricultural property loans December 31, 2018 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 33,322 $ 736 $ 218 $ 34,276 60%-69.99% 16,602 621 0 17,223 70%-79.99% 6,324 754 41 7,119 80% or greater 332 142 32 506 Total commercial mortgage and agricultural property loans $ 56,580 $ 2,253 $ 291 $ 59,124
Aging of Past Due Commercial Mortgage and Other Loans and Nonaccrual Status	The following tables set forth an aging of past due commercial mortgage and other loans based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated: September 30, 2019 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Past Due Total Non-Accrual (in millions) Commercial mortgage loans $ 57,626 $ 0 $ 0 $ 0 $ 0 $ 57,626 $ 21 Agricultural property loans 3,494 0 0 16 16 3,510 16 Residential property loans 129 1 1 1 3 132 1 Other collateralized loans 26 0 0 0 0 26 0 Uncollateralized loans 660 0 0 0 0 660 0 Total $ 61,935 $ 1 $ 1 $ 17 $ 19 $ 61,954 $ 38 __________ (1) As of September 30, 2019 , there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . December 31, 2018 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Past Due Total Non-Accrual (in millions) Commercial mortgage loans $ 55,808 $ 0 $ 0 $ 0 $ 0 $ 55,808 $ 66 Agricultural property loans 3,301 0 0 15 15 3,316 18 Residential property loans 154 1 0 2 3 157 3 Other collateralized loans 17 0 0 0 0 17 0 Uncollateralized loans 660 0 0 0 0 660 0 Total $ 59,940 $ 1 $ 0 $ 17 $ 18 $ 59,958 $ 87 __________ (1) As of December 31, 2018 , there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 .
Other Invested Assets	The following table sets forth the composition of “Other invested assets,” as of the dates indicated: September 30, 2019 December 31, 2018 (in millions) LPs/LLCs: Equity method: Private equity $ 3,497 $ 3,182 Hedge funds 1,721 1,337 Real estate-related 1,421 1,207 Subtotal equity method 6,639 5,726 Fair value: Private equity 1,656 1,684 Hedge funds 2,105 2,135 Real estate-related 342 296 Subtotal fair value 4,103 4,115 Total LPs/LLCs 10,742 9,841 Real estate held through direct ownership(1) 2,359 2,466 Derivative instruments 1,398 1,155 Other(2) 1,155 1,064 Total other invested assets $ 15,654 $ 14,526 _________ (1) As of September 30, 2019 and December 31, 2018 , real estate held through direct ownership had mortgage debt of $577 million and $776 million , respectively. (2) Primarily includes strategic investments made by investment management operations, leveraged leases and member and activity stock held in the Federal Home Loan Banks of New York and Boston. For additional information regarding the Company’s holdings in the Federal Home Loan Banks of New York and Boston, see Note 16 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 .
Net Investment Income	The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Fixed maturities, available-for-sale(1) $ 3,191 $ 2,981 $ 9,429 $ 8,936 Fixed maturities, held-to-maturity(1) 58 57 173 169 Fixed maturities, trading 37 44 109 105 Assets supporting experience-rated contractholder liabilities, at fair value 191 181 558 553 Equity securities, at fair value 38 29 119 123 Commercial mortgage and other loans 636 586 1,863 1,749 Policy loans 160 154 463 462 Other invested assets 251 152 727 456 Short-term investments and cash equivalents 123 91 356 245 Gross investment income 4,685 4,275 13,797 12,798 Less: investment expenses (247 ) (229 ) (753 ) (658 ) Net investment income $ 4,438 $ 4,046 $ 13,044 $ 12,140 __________ (1) Includes income on credit-linked notes which are reported on the same financial statement line item as related surplus notes, as conditions are met for right to offset.
Realized Investment Gains (Losses), Net	The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Fixed maturities(1) $ 360 $ 76 $ 689 $ 319 Commercial mortgage and other loans 20 16 34 33 Investment real estate 38 (1 ) 38 61 LPs/LLCs 2 0 (1 ) 16 Derivatives 433 62 (1,010 ) 835 Other 0 (2 ) 1 (3 ) Realized investment gains (losses), net $ 853 $ 151 $ (249 ) $ 1,261 __________ (1)
Net Unrealized Gains (Losses) on Investment	The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: September 30, December 31, (in millions) Fixed maturity securities, available-for-sale—with OTTI $ 232 $ 190 Fixed maturity securities, available-for-sale—all other 48,858 21,721 Derivatives designated as cash flow hedges(1) 1,584 811 Other investments(2) (30 ) (2 ) Net unrealized gains (losses) on investments $ 50,644 $ 22,720 __________ (1) For more information on cash flow hedges, see Note 5. (2) As of September 30, 2019 , there were no net unrealized losses on held-to-maturity securities that were previously transferred from available-for-sale. Includes net unrealized gains on certain joint ventures that are strategic in nature and are included in “Other assets.”
Repurchase Agreements and Securities Lending	The following table sets forth the composition of “Securities sold under agreements to repurchase,” as of the dates indicated: September 30, 2019 December 31, 2018 Remaining Contractual Maturities of the Agreements Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days Total Overnight & Continuous Up to 30 Days Total (in millions) U.S. Treasury securities and obligations of U.S. government authorities and agencies(1) $ 8,985 $ 0 $ 8,985 $ 9,418 $ 171 $ 9,589 U.S. public corporate securities 0 0 0 19 0 19 Residential mortgage-backed securities(1) 256 0 256 342 0 342 Total securities sold under agreements to repurchase(1)(2) $ 9,241 $ 0 $ 9,241 $ 9,779 $ 171 $ 9,950 __________ (1) Prior period amounts have been updated to conform to current period presentation. (2) The Company did no t have any agreements with remaining contractual maturities of thirty days or greater, as of the dates indicated. The following table sets forth the composition of “Cash collateral for loaned securities,” which represents the liability to return cash collateral received for the following types of securities loaned, as of the dates indicated: September 30, 2019 December 31, 2018 Remaining Contractual Maturities of the Agreements Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days Total Overnight & Continuous Up to 30 Days Total (in millions) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 1 $ 0 $ 1 $ 105 $ 0 $ 105 Obligations of U.S. states and their political subdivisions 44 0 44 88 0 88 Foreign government bonds 367 0 367 325 0 325 U.S. public corporate securities 3,295 0 3,295 2,563 0 2,563 Foreign public corporate securities 795 0 795 693 0 693 Equity securities 226 0 226 155 0 155 Total cash collateral for loaned securities(1) $ 4,728 $ 0 $ 4,728 $ 3,929 $ 0 $ 3,929 __________ (1) The Company did no t have any agreements with remaining contractual maturities of thirty days or greater, as of the dates indicated.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2019
Variable Interest Entity, Measure of Activity [Abstract]
Schedule of Consolidated Variable Interest Entities	The table below reflects the carrying amount and balance sheet caption in which the assets and liabilities of consolidated VIEs are reported. The liabilities primarily comprise obligations under debt instruments issued by the VIEs. The creditors of these VIEs do not have recourse to the Company in excess of the assets contained within the VIEs. Consolidated VIEs for which the Company is the Investment Manager(1) Other Consolidated VIEs(1) September 30, December 31, September 30, December 31, (in millions) Fixed maturities, available-for-sale $ 107 $ 73 $ 291 $ 282 Fixed maturities, held-to-maturity 83 95 843 831 Fixed maturities, trading 1,134 1,076 0 0 Assets supporting experience-rated contractholder liabilities 0 0 4 8 Equity securities 54 41 0 0 Commercial mortgage and other loans 765 730 0 0 Other invested assets 1,955 1,526 97 77 Cash and cash equivalents 136 131 0 0 Accrued investment income 4 5 4 4 Other assets 455 463 705 721 Total assets of consolidated VIEs $ 4,693 $ 4,140 $ 1,944 $ 1,923 Other liabilities $ 310 $ 295 $ 17 $ 17 Notes issued by consolidated VIEs(2) 1,233 955 0 0 Total liabilities of consolidated VIEs $ 1,543 $ 1,250 $ 17 $ 17 __________ (1) Total assets of consolidated VIEs reflect $2,370 million and $2,013 million as of September 30, 2019 and December 31, 2018 , respectively, related to VIEs whose beneficial interests are wholly-owned by consolidated subsidiaries. (2) Recourse is limited to the assets of the respective VIE and does not extend to the general credit of the Company . As of September 30, 2019 and December 31, 2018 , the maturities of these obligations were greater than five years .

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The table below provides a summary of the gross notional amount and fair value of derivatives contracts by the primary underlying risks, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the value of derivative contracts prior to taking into account the netting effects of master netting agreements, cash collateral and non-performance risk (“NPR”). This netting impact results in total derivative assets of $1,389 million and $1,148 million as of September 30, 2019 and December 31, 2018 , respectively, and total derivative liabilities of $134 million and $127 million as of September 30, 2019 and December 31, 2018 , respectively, reflected in the Unaudited Interim Consolidated Statements of Financial Position. Primary Underlying Risk /Instrument Type September 30, 2019 December 31, 2018 Fair Value Fair Value Gross Notional Assets Liabilities Gross Notional Assets Liabilities (in millions) Derivatives Designated as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 3,148 $ 815 $ (83 ) $ 3,885 $ 305 $ (67 ) Interest Rate Forwards 106 10 0 600 26 0 Foreign Currency Foreign Currency Forwards 1,480 57 (11 ) 722 26 (2 ) Currency/Interest Rate Foreign Currency Swaps 21,698 2,245 (145 ) 20,724 1,520 (358 ) Total Derivatives Designated as Hedge Accounting Instruments $ 26,432 $ 3,127 $ (239 ) $ 25,931 $ 1,877 $ (427 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 140,554 $ 13,558 $ (6,471 ) $ 140,963 $ 5,792 $ (3,435 ) Interest Rate Futures 21,598 6 (3 ) 13,991 23 (2 ) Interest Rate Options 17,983 899 (252 ) 24,002 147 (314 ) Interest Rate Forwards 2,199 24 0 5,049 72 0 Foreign Currency Foreign Currency Forwards 25,553 359 (127 ) 19,849 246 (138 ) Foreign Currency Options 0 0 0 2 0 0 Currency/Interest Rate Foreign Currency Swaps 13,626 990 (387 ) 13,784 773 (421 ) Credit Credit Default Swaps 1,033 18 (15 ) 5,207 33 (23 ) Equity Equity Futures 1,398 0 (5 ) 1,141 0 (8 ) Equity Options 34,498 401 (625 ) 58,693 384 (554 ) Total Return Swaps 17,942 135 (153 ) 17,309 1,131 (86 ) Other Other(1) 1,257 0 0 508 0 0 Synthetic GICs 80,102 1 0 79,215 2 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 357,743 $ 16,391 $ (8,038 ) $ 379,713 $ 8,603 $ (4,981 ) Total Derivatives(2)(3) $ 384,175 $ 19,518 $ (8,277 ) $ 405,644 $ 10,480 $ (5,408 ) __________ (1) “Other” primarily includes derivative contracts used to improve the balance of the Company’s tail longevity and mortality risk. Under these contracts, the Company’s gains (losses) are capped at the notional amount. (2) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $17,463 million and $8,959 million as of September 30, 2019 and December 31, 2018 , respectively, primarily included in “Future policy benefits.” (3) Recorded in “Other invested assets” and “Other liabilities” on the Unaudited Interim Consolidated Statements of Financial Position.
Schedule of Derivative instruments (hedged item in fair value hedge accounting relationship)	As of September 30, 2019 , the following amounts were recorded on the Unaudited Interim Consolidated Statements of Financial Position related to the carrying amount of the hedged assets (liabilities) and cumulative basis adjustments included in the carrying amount for fair value hedges. Balance Sheet Line Item in which Hedged Item is Recorded Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets (Liabilities)(1) (in millions) Fixed maturities, available-for-sale, at fair value $ 395 $ 71 Commercial mortgage and other loans $ 24 $ 2 Policyholders’ account balances $ (1,456 ) $ (201 ) Future policy benefits $ (751 ) $ (253 ) ________ (1) There were no fair value hedging adjustments for hedged assets and liabilities for which hedge accounting has been discontinued.
Offsetting of Financial Assets	The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. September 30, 2019 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Statements of Financial Position Net Amounts Presented in the Statements of Financial Position Financial Instruments/ Collateral(1) Net Amount (in millions) Offsetting of Financial Assets: Derivatives(1) $ 19,426 $ (18,128 ) $ 1,298 $ (1,034 ) $ 264 Securities purchased under agreement to resell 1,437 0 1,437 (1,437 ) 0 Total assets $ 20,863 $ (18,128 ) $ 2,735 $ (2,471 ) $ 264 Offsetting of Financial Liabilities: Derivatives(1) $ 8,264 $ (8,143 ) $ 121 $ (97 ) $ 24 Securities sold under agreement to repurchase 9,241 0 9,241 (9,241 ) 0 Total liabilities $ 17,505 $ (8,143 ) $ 9,362 $ (9,338 ) $ 24 December 31, 2018 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Statements of Financial Position Net Amounts Presented in the Statements of Financial Position Financial Net Amount (in millions) Offsetting of Financial Assets: Derivatives(1) $ 10,407 $ (9,331 ) $ 1,076 $ (614 ) $ 462 Securities purchased under agreement to resell 986 0 986 (986 ) 0 Total assets $ 11,393 $ (9,331 ) $ 2,062 $ (1,600 ) $ 462 Offsetting of Financial Liabilities: Derivatives(1) $ 5,387 $ (5,281 ) $ 106 $ (45 ) $ 61 Securities sold under agreement to repurchase 9,950 0 9,950 (9,950 ) 0 Total liabilities $ 15,337 $ (5,281 ) $ 10,056 $ (9,995 ) $ 61 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Offsetting of Financial Liabilities	The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. September 30, 2019 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Statements of Financial Position Net Amounts Presented in the Statements of Financial Position Financial Instruments/ Collateral(1) Net Amount (in millions) Offsetting of Financial Assets: Derivatives(1) $ 19,426 $ (18,128 ) $ 1,298 $ (1,034 ) $ 264 Securities purchased under agreement to resell 1,437 0 1,437 (1,437 ) 0 Total assets $ 20,863 $ (18,128 ) $ 2,735 $ (2,471 ) $ 264 Offsetting of Financial Liabilities: Derivatives(1) $ 8,264 $ (8,143 ) $ 121 $ (97 ) $ 24 Securities sold under agreement to repurchase 9,241 0 9,241 (9,241 ) 0 Total liabilities $ 17,505 $ (8,143 ) $ 9,362 $ (9,338 ) $ 24 December 31, 2018 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Statements of Financial Position Net Amounts Presented in the Statements of Financial Position Financial Net Amount (in millions) Offsetting of Financial Assets: Derivatives(1) $ 10,407 $ (9,331 ) $ 1,076 $ (614 ) $ 462 Securities purchased under agreement to resell 986 0 986 (986 ) 0 Total assets $ 11,393 $ (9,331 ) $ 2,062 $ (1,600 ) $ 462 Offsetting of Financial Liabilities: Derivatives(1) $ 5,387 $ (5,281 ) $ 106 $ (45 ) $ 61 Securities sold under agreement to repurchase 9,950 0 9,950 (9,950 ) 0 Total liabilities $ 15,337 $ (5,281 ) $ 10,056 $ (9,995 ) $ 61 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following table provides the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, including the offset of the hedged item in fair value hedge relationships. Three Months Ended September 30, 2019 Realized Net Other Interest Interest Policyholders’ Benefits AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ (10 ) $ (2 ) $ 0 $ 0 $ 115 $ 102 $ 0 Currency 1 0 0 0 0 0 0 Total gains (losses) on derivatives designated as hedge instruments (9 ) (2 ) 0 0 115 102 0 Gains (losses) on the hedged item: Interest Rate 10 5 0 0 (116 ) (103 ) 0 Currency (1 ) 1 0 0 0 0 0 Total gains (losses) on hedged item 9 6 0 0 (116 ) (103 ) 0 Total gains (losses) on fair value hedges net of hedged item 0 4 0 0 (1 ) (1 ) 0 Cash flow hedges Interest Rate 56 1 0 0 0 0 (38 ) Currency 3 0 0 0 0 0 4 Currency/Interest Rate 57 70 140 0 0 0 601 Total gains (losses) on cash flow hedges 116 71 140 0 0 0 567 Net investment hedges Currency 0 0 0 0 0 0 9 Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 9 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 3,356 0 0 0 0 0 0 Currency 158 0 5 0 0 0 0 Currency/Interest Rate 364 0 2 0 0 0 0 Credit 4 0 0 0 0 0 0 Equity (133 ) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 Embedded Derivatives (3,427 ) 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments 322 0 7 0 0 0 0 Total $ 438 $ 75 $ 147 $ 0 $ (1 ) $ (1 ) $ 576 Nine Months Ended September 30, 2019 Realized Net Other Interest Interest Policyholders’ Benefits AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ (24 ) $ (5 ) $ 0 $ 0 $ 283 $ 233 $ 0 Currency 2 0 0 0 0 0 0 Total gains (losses) on derivatives designated as hedge instruments (22 ) (5 ) 0 0 283 233 0 Gains (losses) on the hedged item: Interest Rate 21 16 0 0 (280 ) (222 ) 0 Currency (1 ) 2 0 0 0 0 0 Total gains (losses) on hedged item 20 18 0 0 (280 ) (222 ) 0 Total gains (losses) on fair value hedges net of hedged item (2 ) 13 0 0 3 11 0 Cash flow hedges Interest Rate 55 1 0 0 0 0 (16 ) Currency 5 0 0 0 0 0 9 Currency/Interest Rate 96 207 135 0 0 0 771 Total gains (losses) on cash flow hedges 156 208 135 0 0 0 764 Net investment hedges Currency 0 0 0 0 0 0 12 Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 12 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 7,090 0 0 0 0 0 0 Currency 242 0 4 0 0 0 0 Currency/Interest Rate 568 0 2 0 0 0 0 Credit 107 0 0 0 0 0 0 Equity (2,560 ) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 Embedded Derivatives (6,607 ) 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (1,160 ) 0 6 0 0 0 0 Total $ (1,006 ) $ 221 $ 141 $ 0 $ 3 $ 11 $ 776 Three Months Ended September 30, 2018(2) Realized Net Other Interest Interest AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 6 $ (2 ) $ 0 $ 0 $ (39 ) $ 0 Currency (1 ) 0 0 0 0 0 Total gains (losses) on derivatives designated as hedge instruments 5 (2 ) 0 0 (39 ) 0 Gains (losses) on the hedged item: Interest Rate (6 ) 6 0 0 42 0 Currency 1 1 0 0 0 0 Total gains (losses) on hedged item (5 ) 7 0 0 42 0 Total gains (losses) on fair value hedges net of hedged item 0 5 0 0 3 0 Cash flow hedges Interest Rate 0 0 0 0 0 7 Currency 1 0 0 0 0 4 Currency/Interest Rate 26 56 42 0 0 29 Total gains (losses) on cash flow hedges 27 56 42 0 0 40 Net investment hedges Currency 0 0 0 0 0 0 Currency/Interest Rate 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (960 ) 0 0 0 0 0 Currency (140 ) 0 (1 ) 0 0 0 Currency/Interest Rate 200 0 1 0 0 0 Credit 15 0 0 0 0 0 Equity (674 ) 0 0 0 0 0 Other 1 0 0 0 0 0 Embedded Derivatives 1,596 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments 38 0 0 0 0 0 Total $ 65 $ 61 $ 42 $ 0 $ 3 $ 40 Nine Months Ended September 30, 2018(2) Realized Net Other Interest Interest AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 28 $ (8 ) $ 0 $ 0 $ (150 ) $ 0 Currency 1 0 0 0 0 0 Total gains (losses) on derivatives designated as hedge instruments 29 (8 ) 0 0 (150 ) 0 Gains (losses) on the hedged item: Interest Rate (30 ) 25 0 0 157 0 Currency (2 ) 3 0 0 0 0 Total gains (losses) on hedged item (32 ) 28 0 0 157 0 Total gains (losses) on fair value hedges net of hedged item (3 ) 20 0 0 7 0 Cash flow hedges Interest Rate 3 0 0 (1 ) 0 13 Currency 1 0 0 0 0 13 Currency/Interest Rate 53 156 159 0 0 152 Total gains (losses) on cash flow hedges 57 156 159 (1 ) 0 178 Net investment hedges Currency 0 0 0 0 0 3 Currency/Interest Rate 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 3 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (2,909 ) 0 0 0 0 0 Currency 140 0 0 0 0 0 Currency/Interest Rate 225 0 2 0 0 0 Credit 10 0 0 0 0 0 Equity (923 ) 0 0 0 0 0 Other 0 0 0 0 0 0 Embedded Derivatives 4,233 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments 776 0 2 0 0 0 Total $ 830 $ 176 $ 161 $ (1 ) $ 7 $ 181 _________ (1) Net change in AOCI. (2)
Schedule of Derivative Instruments Recognized in Accumulated Other Comprehensive Income (Loss) Before Taxes	Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in millions) Balance, December 31, 2018 $ 811 Cumulative-effect adjustment from the adoption of ASU 2017-12(1) 9 Amount recorded in AOCI Interest Rate 40 Currency 14 Currency/Interest Rate 1,209 Total amount recorded in AOCI 1,263 Amount reclassified from AOCI to income Interest Rate (56 ) Currency (5 ) Currency/Interest Rate (438 ) Total amount reclassified from AOCI to income (499 ) Balance, September 30, 2019 $ 1,584 _________ (1) See Note 2 for details.

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated. As of September 30, 2019 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 35,601 $ 99 $ $ 35,700 Obligations of U.S. states and their political subdivisions 0 11,449 4 11,453 Foreign government bonds 0 121,338 22 121,360 U.S. corporate public securities 0 96,551 442 96,993 U.S. corporate private securities(2) 0 34,385 1,764 36,149 Foreign corporate public securities 0 30,335 74 30,409 Foreign corporate private securities 0 26,016 899 26,915 Asset-backed securities(3) 0 12,629 1,156 13,785 Commercial mortgage-backed securities 0 15,765 3 15,768 Residential mortgage-backed securities 0 3,109 16 3,125 Subtotal 0 387,178 4,479 391,657 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 183 0 183 Obligations of U.S. states and their political subdivisions 0 217 0 217 Foreign government bonds 0 793 26 819 Corporate securities 0 13,289 660 13,949 Asset-backed securities(3) 0 1,633 75 1,708 Commercial mortgage-backed securities 0 2,152 0 2,152 Residential mortgage-backed securities 0 1,057 0 1,057 Equity securities 1,429 263 1 1,693 All other(4) 50 436 3 489 Subtotal 1,479 20,023 765 22,267 Fixed maturities, trading 0 3,475 304 3,779 Equity securities 5,353 881 643 6,877 Commercial mortgage and other loans 0 551 0 551 Other invested assets(5) 7 19,509 464 (18,128 ) 1,852 Short-term investments 3,209 2,180 294 5,683 Cash equivalents 1,472 8,054 1 9,527 Other assets 0 0 179 179 Separate account assets(6)(7) 43,534 232,617 1,660 277,811 Total assets $ 55,054 $ 674,468 $ 8,789 $ (18,128 ) $ 720,183 Future policy benefits(8) $ 0 $ 0 $ 16,452 $ $ 16,452 Policyholders’ account balances 0 0 1,188 1,188 Other liabilities 8 8,269 0 (8,143 ) 134 Notes issued by consolidated VIEs 0 0 807 807 Total liabilities $ 8 $ 8,269 $ 18,447 $ (8,143 ) $ 18,581 As of December 31, 2018 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 30,513 $ 81 $ $ 30,594 Obligations of U.S. states and their political subdivisions 0 10,488 5 10,493 Foreign government bonds 0 112,985 125 113,110 U.S. corporate public securities 0 83,282 133 83,415 U.S. corporate private securities(2) 0 31,265 1,755 33,020 Foreign corporate public securities 0 29,148 53 29,201 Foreign corporate private securities 0 23,787 744 24,531 Asset-backed securities(3) 0 11,726 1,247 12,973 Commercial mortgage-backed securities 0 13,302 13 13,315 Residential mortgage-backed securities 0 2,925 79 3,004 Subtotal 0 349,421 4,235 353,656 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 381 0 381 Obligations of U.S. states and their political subdivisions 0 196 0 196 Foreign government bonds 0 858 225 1,083 Corporate securities 0 12,675 444 13,119 Asset-backed securities(3) 0 1,516 149 1,665 Commercial mortgage-backed securities 0 2,324 0 2,324 Residential mortgage-backed securities 0 811 0 811 Equity securities 1,222 237 1 1,460 All other(4) 0 215 0 215 Subtotal 1,222 19,213 819 21,254 Fixed maturities, trading 0 3,037 206 3,243 Equity securities 4,819 610 671 6,100 Commercial mortgage and other loans 0 763 0 763 Other invested assets(5) 23 10,454 263 (9,331 ) 1,409 Short-term investments 2,713 2,691 89 5,493 Cash equivalents 2,848 6,553 77 9,478 Other assets 0 0 25 25 Separate account assets(6)(7) 39,534 212,998 1,534 254,066 Total assets $ 51,159 $ 605,740 $ 7,919 $ (9,331 ) $ 655,487 Future policy benefits(8) $ 0 $ 0 $ 8,926 $ $ 8,926 Policyholders’ account balances 0 0 56 56 Other liabilities 18 5,398 0 (5,281 ) 135 Notes issued by consolidated VIEs 0 0 595 595 Total liabilities $ 18 $ 5,398 $ 9,577 $ (5,281 ) $ 9,712 __________ (1) “Netting” amounts represent cash collateral of $9,985 million and $4,050 million as of September 30, 2019 and December 31, 2018 , respectively. (2) Excludes notes with fair value of $4,356 million (carrying amount of $4,356 million ) and $4,216 million (carrying amount of $4,216 million ) as of September 30, 2019 and December 31, 2018 , respectively, which have been offset with the associated payables under a netting agreement. (3) Includes credit-tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (4) All other represents cash equivalents and short-term investments. (5) Other invested assets excluded from the fair value hierarchy include certain hedge funds, private equity funds and other funds for which fair value is measured at net asset value (“NAV”) per share (or its equivalent) as a practical expedient. As of September 30, 2019 and December 31, 2018 , the fair values of such investments were $4,103 million and $4,115 million respectively. (6) Separate account assets included in the fair value hierarchy exclude investments in entities that calculate NAV per share (or its equivalent) as a practical expedient. Such investments excluded from the fair value hierarchy include investments in real estate, hedge funds and other invested assets. As of September 30, 2019 and December 31, 2018 , the fair value of such investments was $23,423 million and $25,070 million , respectively. (7) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Unaudited Interim Consolidated Statements of Financial Position. (8) As of September 30, 2019 , the net embedded derivative liability position of $16.4 billion includes $0.5 billion of embedded derivatives in an asset position and $16.9 billion of embedded derivatives in a liability position. As of December 31, 2018 , the net embedded derivative liability position of $8.9 billion includes $0.7 billion of embedded derivatives in an asset position and $9.6 billion of embedded derivatives in a liability position.
Fair Value Inputs, Assets and Liabilities, Quantitative Information	The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities. As of September 30, 2019 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in millions) Assets: Corporate securities(2) $ 1,507 Discounted cash flow Discount rate 0.26% 20% 8.19% Decrease Market comparables EBITDA multiples(3) 5.7X 9.2X 7.3X Increase Liquidation Liquidation value 8.27% 42.52% 32.49% Increase Separate account assets-commercial mortgage loans(4) $ 828 Discounted cash flow Spread 1.14% 2.29% 1.34% Decrease Liabilities: Future policy benefits(5) $ 16,452 Discounted cash flow Lapse rate(7) 1% 18% Decrease Spread over LIBOR(8) 0.16% 1.46% Decrease Utilization rate(9) 43% 97% Increase Withdrawal rate See table footnote (10) below. Mortality rate(11) 0% 15% Decrease Equity volatility curve 14% 23% Increase Policyholders’ account balances(6) $ 1,188 Discounted cash flow Lapse rate(7) 1% 42% Decrease Spread over LIBOR(8) 0.16% 1.46% Decrease Mortality rate(11) 0% 24% Decrease Equity volatility curve 11% 25% Increase As of December 31, 2018 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in millions) Assets: Corporate securities(2) $ 1,392 Discounted cash flow Discount rate 0.57% 20% 8.58% Decrease Market comparables EBITDA multiples(3) 4.5X 8.5X 8.1X Increase Liquidation Liquidation value 11.77% 94% 32.16% Increase Separate account assets-commercial mortgage loans(4) $ 785 Discounted cash flow Spread 1.12% 2.55% 1.29% Decrease Liabilities: Future policy benefits(5) $ 8,926 Discounted cash flow Lapse rate(7) 1% 13% Decrease Spread over LIBOR(8) 0.36% 1.60% Decrease Utilization rate(9) 50% 97% Increase Withdrawal rate See table footnote (10) below. Mortality rate(11) 0% 15% Decrease Equity volatility curve 18% 22% Increase __________ (1) Conversely, the impact of a decrease in input would have the opposite impact on fair value as that presented in the table. (2) Includes assets classified as fixed maturities available-for-sale, assets supporting experience-rated contractholder liabilities and fixed maturities trading. (3) Represents multiples of earnings before interest, taxes, depreciation and amortization (“EBITDA”), and are amounts used when the Company has determined that market participants would use such multiples when valuing the investments. (4) Changes in the fair value of separate account assets are borne by customers and thus are offset by changes in separate account liabilities on the Company’s Unaudited Interim Consolidated Statements of Financial Position. As a result, changes in value associated with these investments are not reflected in the Company’s Unaudited Interim Consolidated Statements of Operations. (5) Future policy benefits primarily represent general account liabilities for the living benefit features of the Company’s variable annuity contracts which are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (6) Policyholders’ account balances primarily represent general account liabilities for the index-linked interest credited on certain of the Company’s life and annuity products that are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (7) Lapse rates for contracts with living benefit guarantees are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates for contracts with index-linked crediting guarantees may be adjusted at the contract level based on the applicability of any surrender charges, product type, and market related factors such as interest rates. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. For any given contract, lapse rates vary throughout the period over which cash flows are projected for the purposes of valuing these embedded derivatives. (8) The spread over the London Inter-Bank Offered Rate (“LIBOR”) swap curve represents the premium added to the proxy for the risk-free rate (LIBOR) to reflect the Company’s estimates of rates that a market participant would use to value the living benefits in both the accumulation and payout phases and index-linked interest crediting guarantees. This spread includes an estimate of NPR, which is the risk that the obligation will not be fulfilled by the Company. NPR is primarily estimated by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. In order to reflect the financial strength ratings of the Company, credit spreads associated with funding agreements, as opposed to credit spread associated with debt, are utilized in developing this estimate because funding agreements, living benefit guarantees, and index-linked interest crediting guarantees are insurance liabilities and are therefore senior to debt. (9) The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration, and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits. (10) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions vary based on the age of the contractholder, the tax status of the contract and the duration since the contractholder began lifetime withdrawals. As of September 30, 2019 and December 31, 2018 , the minimum withdrawal rate assumption is 78% and the maximum withdrawal rate assumption may be greater than 100% . The fair value of the liability will generally increase the closer the withdrawal rate is to 100% and decrease as the withdrawal rate moves further away from 100%. (11) The range reflects the mortality rates for the vast majority of business with living benefits and other contracts, with policyholders ranging from 45 to 90 years old. While the majority of living benefits have a minimum age requirement, certain other contracts do not have an age restriction. This results in contractholders with mortality rates approaching 0% for certain benefits. Mortality rates may vary by product, age, and duration. A mortality improvement assumption is also incorporated into the overall mortality table.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	—The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. All transfers are generally reported at the value as of the beginning of the quarter in which transfers occur for any such assets still held at the end of the quarter. Three Months Ended September 30, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 94 $ 0 $ 5 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 99 $ 0 U.S. states 4 0 0 0 0 0 0 0 0 4 0 Foreign government 24 (2 ) 0 0 0 0 0 0 0 22 (2 ) Corporate securities(3) 2,792 (26 ) 509 (7 ) 0 (203 ) (1 ) 136 (21 ) 3,179 (25 ) Structured securities(4) 861 4 439 (1 ) 0 (74 ) (14 ) 5 (45 ) 1,175 0 Assets supporting experience-rated contractholder liabilities: Foreign government 26 0 0 0 0 0 0 0 0 26 0 Corporate securities(3) 553 (5 ) 103 0 0 (27 ) 0 36 0 660 (8 ) Structured securities(4) 57 0 22 0 0 (4 ) 0 0 0 75 0 Equity securities 1 0 0 0 0 0 0 0 0 1 0 All other activity 1 0 3 0 0 (1 ) 0 0 0 3 0 Other assets: Fixed maturities, trading 296 (3 ) 16 (6 ) 0 0 (1 ) 2 0 304 (3 ) Equity securities 624 15 27 (20 ) 0 (1 ) (2 ) 0 0 643 7 Other invested assets 436 0 28 0 0 0 0 0 0 464 0 Short-term investments 288 0 127 0 0 (121 ) 0 0 0 294 0 Cash equivalents 1 0 0 0 0 0 0 0 0 1 0 Other assets 98 71 10 0 0 0 0 0 0 179 73 Separate account assets(5) 1,708 9 54 (88 ) 0 (62 ) 0 43 (4 ) 1,660 8 Liabilities: Future policy benefits (12,723 ) (3,417 ) 0 0 (314 ) 0 2 0 0 (16,452 ) (3,570 ) Policyholders’ account balances(6) (1,047 ) (79 ) 0 0 (62 ) 0 0 0 0 (1,188 ) (66 ) Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs (816 ) 9 0 0 0 0 0 0 0 (807 ) 9 Three Months Ended September 30, 2019 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances (in millions) Fixed maturities, available-for-sale $ (25 ) $ 0 $ 0 $ (3 ) $ 4 $ (27 ) $ 0 $ 0 Assets supporting experience-rated contractholder liabilities 0 (8 ) 0 0 3 0 (8 ) 0 Other assets: Fixed maturities, trading 0 (3 ) 0 0 0 0 (3 ) 0 Equity securities 3 12 0 0 0 0 7 0 Other invested assets 0 0 0 0 0 0 0 0 Short-term investments 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 Other assets 71 0 0 0 0 73 0 0 Separate account assets(5) 0 0 8 0 1 0 0 8 Liabilities: Future policy benefits (3,417 ) 0 0 0 0 (3,570 ) 0 0 Policyholders’ account balances (79 ) 0 0 0 0 (66 ) 0 0 Other liabilities 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 9 0 0 0 0 9 0 0 Nine Months Ended September 30, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 81 $ 0 $ 18 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 99 $ 0 U.S. states 5 0 0 0 0 (1 ) 0 0 0 4 0 Foreign government 125 0 0 0 0 0 (1 ) 9 (111 ) 22 (2 ) Corporate securities(3) 2,685 (16 ) 1,116 (36 ) 0 (807 ) (2 ) 319 (80 ) 3,179 (51 ) Structured securities(4) 1,339 29 870 (48 ) 0 (406 ) (7 ) 755 (1,357 ) 1,175 0 Assets supporting experience-rated contractholder liabilities: Foreign government 225 0 0 0 0 (3 ) (196 ) 0 0 26 0 Corporate securities(3) 444 5 144 0 0 (170 ) 196 46 (5 ) 660 (2 ) Structured securities(4) 149 1 28 0 0 (29 ) 0 0 (74 ) 75 1 Equity securities 1 1 0 (1 ) 0 0 0 0 0 1 1 All other activity 0 0 6 0 0 (3 ) 0 0 0 3 0 Other assets: Fixed maturities, trading 206 (14 ) 90 (20 ) 0 0 2 41 (1 ) 304 (15 ) Equity securities 671 39 73 (44 ) 0 (75 ) 2 1 (24 ) 643 30 Other invested assets 263 (1 ) 246 0 0 (42 ) (2 ) 0 0 464 (1 ) Short-term investments 89 0 553 0 0 (348 ) 0 0 0 294 0 Cash equivalents 77 0 1 0 0 (77 ) 0 0 0 1 0 Other assets 25 127 27 0 0 0 0 0 0 179 127 Separate account assets(5) 1,534 134 282 (105 ) 0 (112 ) 0 43 (116 ) 1,660 122 Liabilities: Future policy benefits (8,926 ) (6,627 ) 0 0 (902 ) 0 3 0 0 (16,452 ) (6,870 ) Policyholders’ account balances(6) (56 ) (958 ) 0 0 (171 ) 0 (3 ) 0 0 (1,188 ) (938 ) Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs (595 ) 8 0 0 (858 ) 638 0 0 0 (807 ) 8 Nine Months Ended September 30, 2019 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances (in millions) Fixed maturities, available-for-sale $ (38 ) $ 0 $ 0 $ 37 $ 14 $ (53 ) $ 0 $ 0 Assets supporting experience-rated contractholder liabilities 0 1 0 0 6 0 0 0 Other assets: Fixed maturities, trading 0 (15 ) 0 0 1 0 (15 ) 0 Equity securities 3 36 0 0 0 0 30 0 Other invested assets (1 ) 0 0 0 0 (1 ) 0 0 Short-term investments 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 Other assets 127 0 0 0 0 127 0 0 Separate account assets(5) 0 0 131 0 3 0 0 122 Liabilities: Future policy benefits (6,627 ) 0 0 0 0 (6,870 ) 0 0 Policyholders’ account balances (958 ) 0 0 0 0 (938 ) 0 0 Other liabilities 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 8 0 0 0 0 8 0 0 Three Months Ended September 30, 2018 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 67 $ 0 $ 2 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 69 $ 0 U.S. states 5 0 0 0 0 0 0 0 0 5 0 Foreign government 137 0 0 0 0 0 (3 ) 0 (6 ) 128 0 Corporate securities(3) 2,691 (17 ) 118 (13 ) 0 (323 ) (6 ) 60 (187 ) 2,323 (17 ) Structured securities(4) 1,664 (10 ) 520 (226 ) 0 (221 ) (4 ) 0 (315 ) 1,408 0 Assets supporting experience-rated contractholder liabilities: Foreign government 221 0 0 0 0 0 0 0 0 221 (1 ) Corporate securities(3) 488 (12 ) 26 0 0 (75 ) 0 3 (22 ) 408 (13 ) Structured securities(4) 107 0 3 0 0 (21 ) 0 0 (15 ) 74 (1 ) Equity securities 4 0 0 (2 ) 0 0 0 0 0 2 0 All other activity 5 0 31 0 0 (33 ) 0 0 0 3 0 Other assets: Fixed maturities, trading 173 4 18 (9 ) 0 0 1 0 (1 ) 186 4 Equity securities 783 3 19 (46 ) 0 (40 ) (8 ) 2 (2 ) 711 (1 ) Other invested assets 122 1 0 (3 ) 0 0 (3 ) 0 0 117 0 Short-term investments 1 0 22 0 0 (17 ) 0 0 0 6 0 Cash equivalents 2 0 0 0 0 (2 ) 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 0 0 0 0 Separate account assets(5) 1,816 26 67 (6 ) 0 (66 ) 0 12 (212 ) 1,637 24 Liabilities: Future policy benefits (6,585 ) 1,645 0 0 (291 ) 0 0 0 0 (5,231 ) 1,585 Policyholders’ account balances(6) (42 ) (23 ) 0 0 (30 ) 0 0 0 0 (95 ) (23 ) Other liabilities (18 ) (32 ) 9 0 0 0 0 0 0 (41 ) (33 ) Notes issued by consolidated VIEs (609 ) (1 ) 0 0 0 0 0 0 0 (610 ) (2 ) Three Months Ended September 30, 2018 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances (in millions) Fixed maturities, available-for-sale $ (6 ) $ 0 $ 0 $ (26 ) $ 5 $ (17 ) $ 0 $ 0 Assets supporting experience-rated contractholder liabilities 0 (15 ) 0 0 3 0 (15 ) 0 Other assets: Fixed maturities, trading 0 3 0 0 1 0 4 0 Equity securities 0 3 0 0 0 0 (1 ) 0 Other invested assets 0 1 0 0 0 0 0 0 Short-term investments 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 0 Separate account assets(5) 0 0 25 0 1 0 0 24 Liabilities: Future policy benefits 1,645 0 0 0 0 1,585 0 0 Policyholders’ account balances (23 ) 0 0 0 0 (23 ) 0 0 Other liabilities (32 ) 0 0 0 0 (33 ) 0 0 Notes issued by consolidated VIEs (1 ) 0 0 0 0 (2 ) 0 0 Nine Months Ended September 30, 2018 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 52 $ 0 $ 17 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 69 $ 0 U.S. states 5 0 0 0 0 0 0 0 0 5 0 Foreign government 148 (2 ) 0 0 0 0 (6 ) 20 (32 ) 128 0 Corporate securities(3) 2,776 (35 ) 493 (17 ) 0 (778 ) (25 ) 189 (280 ) 2,323 (47 ) Structured securities(4) 6,715 (34 ) 2,509 (570 ) 0 (1,538 ) 2 1,133 (6,809 ) 1,408 0 Assets supporting experience-rated contractholder liabilities: Foreign government 223 1 0 0 0 (3 ) 0 0 0 221 (3 ) Corporate securities(3) 462 (21 ) 91 0 0 (144 ) 0 43 (23 ) 408 (23 ) Structured securities(4) 722 (2 ) 22 0 0 (163 ) 0 33 (538 ) 74 (2 ) Equity securities 4 1 0 (3 ) 0 0 0 0 0 2 1 All other activity 7 0 74 0 0 (78 ) 0 0 0 3 0 Other assets: Fixed maturities, trading 156 7 67 (51 ) 0 (3 ) 4 12 (6 ) 186 7 Equity securities 795 5 61 (78 ) 0 (79 ) 7 5 (5 ) 711 (1 ) Other invested assets 137 5 1 (15 ) 0 0 (11 ) 0 0 117 3 Short-term investments 8 (1 ) 44 0 0 (43 ) (2 ) 0 0 6 (1 ) Cash equivalents 0 0 9 0 0 (9 ) 0 0 0 0 0 Other assets 13 (13 ) 0 0 0 0 0 0 0 0 (13 ) Separate account assets(5) 2,122 15 557 (28 ) 0 (327 ) 0 236 (938 ) 1,637 20 Liabilities: Future policy benefits (8,720 ) 4,354 0 0 (865 ) 0 0 0 0 (5,231 ) 4,088 Policyholders’ account balances(6) (47 ) (26 ) 0 0 (22 ) 0 0 0 0 (95 ) (26 ) Other liabilities (3 ) (66 ) 27 0 0 0 1 0 0 (41 ) (65 ) Notes issued by consolidated VIEs (1,196 ) (1 ) 0 0 0 0 587 0 0 (610 ) (1 ) Nine Months Ended September 30, 2018 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances (in millions) Fixed maturities, available-for-sale $ (19 ) $ 0 $ 0 $ (65 ) $ 13 $ (47 ) $ 0 $ 0 Assets supporting experience-rated contractholder liabilities 0 (28 ) 0 0 7 0 (27 ) 0 Other assets: Fixed maturities, trading 1 5 0 0 1 0 7 0 Equity securities 0 5 0 0 0 0 (1 ) 0 Other invested assets 4 1 0 0 0 2 1 0 Short-term investments (1 ) 0 0 0 0 (1 ) 0 0 Cash equivalents 0 0 0 0 0 0 0 0 Other assets (13 ) 0 0 0 0 (13 ) 0 0 Separate account assets(5) 0 0 14 0 1 0 0 20 Liabilities: Future policy benefits 4,354 0 0 0 0 4,088 0 0 Policyholders’ account balances (26 ) 0 0 0 0 (26 ) 0 0 Other liabilities (66 ) 0 0 0 0 (65 ) 0 0 Notes issued by consolidated VIEs (1 ) 0 0 0 0 (1 ) 0 0 __________ (1) “Other,” for the periods ended September 30, 2019 and September 30, 2018 , primarily represent deconsolidation of VIE, reclassifications of certain assets between reporting categories and foreign currency translation. (2) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (3) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (4) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (5) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Unaudited Interim Consolidated Statements of Financial Position. (6) Issuances and settlements for Policyholders’ account balances are presented net in the rollforward. Prior year amounts are restated to conform to current year presentation.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	—The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. All transfers are generally reported at the value as of the beginning of the quarter in which transfers occur for any such assets still held at the end of the quarter. Three Months Ended September 30, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 94 $ 0 $ 5 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 99 $ 0 U.S. states 4 0 0 0 0 0 0 0 0 4 0 Foreign government 24 (2 ) 0 0 0 0 0 0 0 22 (2 ) Corporate securities(3) 2,792 (26 ) 509 (7 ) 0 (203 ) (1 ) 136 (21 ) 3,179 (25 ) Structured securities(4) 861 4 439 (1 ) 0 (74 ) (14 ) 5 (45 ) 1,175 0 Assets supporting experience-rated contractholder liabilities: Foreign government 26 0 0 0 0 0 0 0 0 26 0 Corporate securities(3) 553 (5 ) 103 0 0 (27 ) 0 36 0 660 (8 ) Structured securities(4) 57 0 22 0 0 (4 ) 0 0 0 75 0 Equity securities 1 0 0 0 0 0 0 0 0 1 0 All other activity 1 0 3 0 0 (1 ) 0 0 0 3 0 Other assets: Fixed maturities, trading 296 (3 ) 16 (6 ) 0 0 (1 ) 2 0 304 (3 ) Equity securities 624 15 27 (20 ) 0 (1 ) (2 ) 0 0 643 7 Other invested assets 436 0 28 0 0 0 0 0 0 464 0 Short-term investments 288 0 127 0 0 (121 ) 0 0 0 294 0 Cash equivalents 1 0 0 0 0 0 0 0 0 1 0 Other assets 98 71 10 0 0 0 0 0 0 179 73 Separate account assets(5) 1,708 9 54 (88 ) 0 (62 ) 0 43 (4 ) 1,660 8 Liabilities: Future policy benefits (12,723 ) (3,417 ) 0 0 (314 ) 0 2 0 0 (16,452 ) (3,570 ) Policyholders’ account balances(6) (1,047 ) (79 ) 0 0 (62 ) 0 0 0 0 (1,188 ) (66 ) Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs (816 ) 9 0 0 0 0 0 0 0 (807 ) 9 Three Months Ended September 30, 2019 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income Interest credited to policyholders’ account balances (in millions) Fixed maturities, available-for-sale $ (25 ) $ 0 $ 0 $ (3 ) $ 4 $ (27 ) $ 0 $ 0 Assets supporting experience-rated contractholder liabilities 0 (8 ) 0 0 3 0 (8 ) 0 Other assets: Fixed maturities, trading 0 (3 ) 0 0 0 0 (3 ) 0 Equity securities 3 12 0 0 0 0 7 0 Other invested assets 0 0 0 0 0 0 0 0 Short-term investments 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 Other assets 71 0 0 0 0 73 0 0 Separate account assets(5) 0 0 8 0 1 0 0 8 Liabilities: Future policy benefits (3,417 ) 0 0 0 0 (3,570 ) 0 0 Policyholders’ account balances (79 ) 0 0 0 0 (66 ) 0 0 Other liabilities 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 9 0 0 0 0 9 0 0 Nine Months Ended September 30, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 81 $ 0 $ 18 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 99 $ 0 U.S. states 5 0 0 0 0 (1 ) 0 0 0 4 0 Foreign government 125 0 0 0 0 0 (1 ) 9 (111 ) 22 (2 ) Corporate securities(3) 2,685 (16 ) 1,116 (36 ) 0 (807 ) (2 ) 319 (80 ) 3,179 (51 ) Structured securities(4) 1,339 29 870 (48 ) 0 (406 ) (7 ) 755 (1,357 ) 1,175 0 Assets supporting experience-rated contractholder liabilities: Foreign government 225 0 0 0 0 (3 ) (196 ) 0 0 26 0 Corporate securities(3) 444 5 144 0 0 (170 ) 196 46 (5 ) 660 (2 ) Structured securities(4) 149 1 28 0 0 (29 ) 0 0 (74 ) 75 1 Equity securities 1 1 0 (1 ) 0 0 0 0 0 1 1 All other activity 0 0 6 0 0 (3 ) 0 0 0 3 0 Other assets: Fixed maturities, trading 206 (14 ) 90 (20 ) 0 0 2 41 (1 ) 304 (15 ) Equity securities 671 39 73 (44 ) 0 (75 ) 2 1 (24 ) 643 30 Other invested assets 263 (1 ) 246 0 0 (42 ) (2 ) 0 0 464 (1 ) Short-term investments 89 0 553 0 0 (348 ) 0 0 0 294 0 Cash equivalents 77 0 1 0 0 (77 ) 0 0 0 1 0 Other assets 25 127 27 0 0 0 0 0 0 179 127 Separate account assets(5) 1,534 134 282 (105 ) 0 (112 ) 0 43 (116 ) 1,660 122 Liabilities: Future policy benefits (8,926 ) (6,627 ) 0 0 (902 ) 0 3 0 0 (16,452 ) (6,870 ) Policyholders’ account balances(6) (56 ) (958 ) 0 0 (171 ) 0 (3 ) 0 0 (1,188 ) (938 ) Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs (595 ) 8 0 0 (858 ) 638 0 0 0 (807 ) 8 Nine Months Ended September 30, 2019 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances (in millions) Fixed maturities, available-for-sale $ (38 ) $ 0 $ 0 $ 37 $ 14 $ (53 ) $ 0 $ 0 Assets supporting experience-rated contractholder liabilities 0 1 0 0 6 0 0 0 Other assets: Fixed maturities, trading 0 (15 ) 0 0 1 0 (15 ) 0 Equity securities 3 36 0 0 0 0 30 0 Other invested assets (1 ) 0 0 0 0 (1 ) 0 0 Short-term investments 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 Other assets 127 0 0 0 0 127 0 0 Separate account assets(5) 0 0 131 0 3 0 0 122 Liabilities: Future policy benefits (6,627 ) 0 0 0 0 (6,870 ) 0 0 Policyholders’ account balances (958 ) 0 0 0 0 (938 ) 0 0 Other liabilities 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 8 0 0 0 0 8 0 0 Three Months Ended September 30, 2018 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 67 $ 0 $ 2 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 69 $ 0 U.S. states 5 0 0 0 0 0 0 0 0 5 0 Foreign government 137 0 0 0 0 0 (3 ) 0 (6 ) 128 0 Corporate securities(3) 2,691 (17 ) 118 (13 ) 0 (323 ) (6 ) 60 (187 ) 2,323 (17 ) Structured securities(4) 1,664 (10 ) 520 (226 ) 0 (221 ) (4 ) 0 (315 ) 1,408 0 Assets supporting experience-rated contractholder liabilities: Foreign government 221 0 0 0 0 0 0 0 0 221 (1 ) Corporate securities(3) 488 (12 ) 26 0 0 (75 ) 0 3 (22 ) 408 (13 ) Structured securities(4) 107 0 3 0 0 (21 ) 0 0 (15 ) 74 (1 ) Equity securities 4 0 0 (2 ) 0 0 0 0 0 2 0 All other activity 5 0 31 0 0 (33 ) 0 0 0 3 0 Other assets: Fixed maturities, trading 173 4 18 (9 ) 0 0 1 0 (1 ) 186 4 Equity securities 783 3 19 (46 ) 0 (40 ) (8 ) 2 (2 ) 711 (1 ) Other invested assets 122 1 0 (3 ) 0 0 (3 ) 0 0 117 0 Short-term investments 1 0 22 0 0 (17 ) 0 0 0 6 0 Cash equivalents 2 0 0 0 0 (2 ) 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 0 0 0 0 Separate account assets(5) 1,816 26 67 (6 ) 0 (66 ) 0 12 (212 ) 1,637 24 Liabilities: Future policy benefits (6,585 ) 1,645 0 0 (291 ) 0 0 0 0 (5,231 ) 1,585 Policyholders’ account balances(6) (42 ) (23 ) 0 0 (30 ) 0 0 0 0 (95 ) (23 ) Other liabilities (18 ) (32 ) 9 0 0 0 0 0 0 (41 ) (33 ) Notes issued by consolidated VIEs (609 ) (1 ) 0 0 0 0 0 0 0 (610 ) (2 ) Three Months Ended September 30, 2018 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances (in millions) Fixed maturities, available-for-sale $ (6 ) $ 0 $ 0 $ (26 ) $ 5 $ (17 ) $ 0 $ 0 Assets supporting experience-rated contractholder liabilities 0 (15 ) 0 0 3 0 (15 ) 0 Other assets: Fixed maturities, trading 0 3 0 0 1 0 4 0 Equity securities 0 3 0 0 0 0 (1 ) 0 Other invested assets 0 1 0 0 0 0 0 0 Short-term investments 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 0 Separate account assets(5) 0 0 25 0 1 0 0 24 Liabilities: Future policy benefits 1,645 0 0 0 0 1,585 0 0 Policyholders’ account balances (23 ) 0 0 0 0 (23 ) 0 0 Other liabilities (32 ) 0 0 0 0 (33 ) 0 0 Notes issued by consolidated VIEs (1 ) 0 0 0 0 (2 ) 0 0 Nine Months Ended September 30, 2018 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. government $ 52 $ 0 $ 17 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 69 $ 0 U.S. states 5 0 0 0 0 0 0 0 0 5 0 Foreign government 148 (2 ) 0 0 0 0 (6 ) 20 (32 ) 128 0 Corporate securities(3) 2,776 (35 ) 493 (17 ) 0 (778 ) (25 ) 189 (280 ) 2,323 (47 ) Structured securities(4) 6,715 (34 ) 2,509 (570 ) 0 (1,538 ) 2 1,133 (6,809 ) 1,408 0 Assets supporting experience-rated contractholder liabilities: Foreign government 223 1 0 0 0 (3 ) 0 0 0 221 (3 ) Corporate securities(3) 462 (21 ) 91 0 0 (144 ) 0 43 (23 ) 408 (23 ) Structured securities(4) 722 (2 ) 22 0 0 (163 ) 0 33 (538 ) 74 (2 ) Equity securities 4 1 0 (3 ) 0 0 0 0 0 2 1 All other activity 7 0 74 0 0 (78 ) 0 0 0 3 0 Other assets: Fixed maturities, trading 156 7 67 (51 ) 0 (3 ) 4 12 (6 ) 186 7 Equity securities 795 5 61 (78 ) 0 (79 ) 7 5 (5 ) 711 (1 ) Other invested assets 137 5 1 (15 ) 0 0 (11 ) 0 0 117 3 Short-term investments 8 (1 ) 44 0 0 (43 ) (2 ) 0 0 6 (1 ) Cash equivalents 0 0 9 0 0 (9 ) 0 0 0 0 0 Other assets 13 (13 ) 0 0 0 0 0 0 0 0 (13 ) Separate account assets(5) 2,122 15 557 (28 ) 0 (327 ) 0 236 (938 ) 1,637 20 Liabilities: Future policy benefits (8,720 ) 4,354 0 0 (865 ) 0 0 0 0 (5,231 ) 4,088 Policyholders’ account balances(6) (47 ) (26 ) 0 0 (22 ) 0 0 0 0 (95 ) (26 ) Other liabilities (3 ) (66 ) 27 0 0 0 1 0 0 (41 ) (65 ) Notes issued by consolidated VIEs (1,196 ) (1 ) 0 0 0 0 587 0 0 (610 ) (1 ) Nine Months Ended September 30, 2018 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances (in millions) Fixed maturities, available-for-sale $ (19 ) $ 0 $ 0 $ (65 ) $ 13 $ (47 ) $ 0 $ 0 Assets supporting experience-rated contractholder liabilities 0 (28 ) 0 0 7 0 (27 ) 0 Other assets: Fixed maturities, trading 1 5 0 0 1 0 7 0 Equity securities 0 5 0 0 0 0 (1 ) 0 Other invested assets 4 1 0 0 0 2 1 0 Short-term investments (1 ) 0 0 0 0 (1 ) 0 0 Cash equivalents 0 0 0 0 0 0 0 0 Other assets (13 ) 0 0 0 0 (13 ) 0 0 Separate account assets(5) 0 0 14 0 1 0 0 20 Liabilities: Future policy benefits 4,354 0 0 0 0 4,088 0 0 Policyholders’ account balances (26 ) 0 0 0 0 (26 ) 0 0 Other liabilities (66 ) 0 0 0 0 (65 ) 0 0 Notes issued by consolidated VIEs (1 ) 0 0 0 0 (1 ) 0 0 __________ (1) “Other,” for the periods ended September 30, 2019 and September 30, 2018 , primarily represent deconsolidation of VIE, reclassifications of certain assets between reporting categories and foreign currency translation. (2) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (3) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (4) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (5) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Unaudited Interim Consolidated Statements of Financial Position. (6) Issuances and settlements for Policyholders’ account balances are presented net in the rollforward. Prior year amounts are restated to conform to current year presentation.
Fair Value Assets and Liabilities Measured on Recurring Basis, Derivatives	The following tables present the balances of derivative assets and liabilities measured at fair value on a recurring basis, as of the date indicated, by primary underlying risk. These tables include NPR and exclude embedded derivatives and associated reinsurance recoverables. The derivative assets and liabilities shown below are included in “Other invested assets” or “Other liabilities” in the tables contained within the sections “—Assets and Liabilities by Hierarchy Level” and “—Changes in Level 3 Assets and Liabilities,” above. As of September 30, 2019 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 6 $ 15,305 $ 1 $ $ 15,312 Currency 0 416 0 416 Credit 0 18 0 18 Currency/Interest Rate 0 3,235 0 3,235 Equity 1 535 0 536 Other 0 0 0 0 Netting(1) (18,128 ) (18,128 ) Total derivative assets $ 7 $ 19,509 $ 1 $ (18,128 ) $ 1,389 Derivative Liabilities: Interest Rate $ 3 $ 6,806 $ 0 $ $ 6,809 Currency 0 138 0 138 Credit 0 15 0 15 Currency/Interest Rate 0 532 0 532 Equity 5 778 0 783 Other 0 0 0 0 Netting(1) (8,143 ) (8,143 ) Total derivative liabilities $ 8 $ 8,269 $ 0 $ (8,143 ) $ 134 As of December 31, 2018 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 23 $ 6,341 $ 2 $ $ 6,366 Currency 0 273 0 273 Credit 0 33 0 33 Currency/Interest Rate 0 2,292 0 2,292 Equity 0 1,515 0 1,515 Other 0 0 0 0 Netting(1) (9,331 ) (9,331 ) Total derivative assets $ 23 $ 10,454 $ 2 $ (9,331 ) $ 1,148 Derivative Liabilities: Interest Rate $ 2 $ 3,818 $ 0 $ $ 3,820 Currency 0 140 0 140 Credit 0 23 0 23 Currency/Interest Rate 0 778 0 778 Equity 7 640 0 647 Other 0 0 0 0 Netting(1) (5,281 ) (5,281 ) Total derivative liabilities $ 9 $ 5,399 $ 0 $ (5,281 ) $ 127 __________ (1) “Netting” amounts represent cash collateral and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting agreement.
Fair Value Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation, Derivatives	Changes in Level 3 derivative assets and liabilities —The following tables provide a summary of the changes in fair value of Level 3 derivative assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income, attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. Three Months Ended September 30, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other Transfers into Transfers out of Level 3(2) Fair Value, end of period Unrealized gains (losses) for assets still held(1) (in millions) Net Derivative - Equity $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Net Derivative - Interest Rate 1 0 0 0 0 0 0 0 0 1 0 Nine Months Ended September 30, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other(3) Transfers into Transfers out of Level 3(2) Fair Value, end of period Unrealized gains (losses) for assets still held(1) (in millions) Net Derivative - Equity $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Net Derivative - Interest Rate 2 (1 ) 0 0 0 0 0 0 0 1 (1 ) Three Months Ended September 30, 2018 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other Transfers into Transfers out of Level 3(2) Fair Value, end of period Unrealized gains (losses) for assets still held(1) (in millions) Net Derivative - Equity $ 2 $ 0 $ 0 $ 0 $ 0 $ 0 $ (2 ) $ 0 $ 0 $ 0 $ 0 Net Derivative - Interest Rate 2 0 0 0 0 0 0 0 0 2 4 Nine Months Ended September 30, 2018 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other(3) Transfers into Transfers out of Level 3(2) Fair Value, end of period Unrealized gains (losses) for assets still held(1) (in millions) Net Derivative - Equity $ 10 $ 1 $ 0 $ 0 $ 0 $ 0 $ (11 ) $ 0 $ 0 $ 0 $ 0 Net Derivative - Interest Rate (3 ) 5 0 0 0 0 0 0 0 2 5 __________ (1) Total realized and unrealized gains (losses) as well as unrealized gains (losses) for assets still held at the end of the period are recorded in “Realized investment gains (losses), net.” (2) Transfers into or out of Level 3 are generally reported at the value as of the beginning of the quarter in which the transfers occur for any such positions still held at the end of the quarter. (3) Represents conversion of warrants to equity shares.
Fair Value Measurements, Nonrecurring	The following tables represent information for assets measured at fair value on a nonrecurring basis. The fair value measurement is nonrecurring as these assets are measured at fair value only when there is a triggering event (e.g., an evidence of impairment). Assets included in the table are those that were impaired during the respective reporting periods and that are still held as of the reporting date. The estimated fair values for these amounts were determined using significant unobservable inputs (Level 3). Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Realized investment gains (losses) net: Commercial mortgage loans(1) $ 1 $ 3 $ 1 $ (10 ) Mortgage servicing rights(2) $ (3 ) $ 2 $ (5 ) $ 6 September 30, 2019 December 31, 2018 (in millions) Carrying value after measurement as of period end: Commercial mortgage loans(1) $ 14 $ 47 Mortgage servicing rights(2) $ 61 $ 73 __________ (1) Commercial mortgage loans are valued based on discounted cash flows utilizing market rates or the fair value of the underlying real estate collateral. (2) Mortgage servicing rights are valued using a discounted cash flow model. The model incorporates assumptions for servicing revenues, which are adjusted for expected prepayments, delinquency rates, escrow deposit income and estimated loan servicing expenses. The discount rates incorporated into the model are determined based on the estimated returns a market participant would require for this business including a liquidity and risk premium. This estimate includes available relevant data from any active market sales of mortgage servicing rights.
Fair Value, Option	The following tables present information regarding assets and liabilities where the fair value option has been elected. Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Liabilities: Notes issued by consolidated VIEs: Changes in fair value $ (9 ) $ 1 $ (8 ) $ 1 Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Commercial mortgage and other loans: Interest income $ 5 $ 4 $ 16 $ 10 Notes issued by consolidated VIEs: Interest expense $ 11 $ 9 $ 33 $ 27 September 30, 2019 December 31, 2018 (in millions) Commercial mortgage and other loans(1): Fair value as of period end $ 551 $ 763 Aggregate contractual principal as of period end $ 545 $ 754 Other assets: Fair value as of period end $ 10 $ 10 Notes issued by consolidated VIEs: Fair value as of period end $ 807 $ 595 Aggregate contractual principal as of period end $ 857 $ 632 __________ (1) As of September 30, 2019 , for loans for which the fair value option has been elected, there were no loans in non-accrual status and none of the loans were more than 90 days past due and still accruing.
Fair Value Disclosure Financial Instruments Not Carried at Fair Value	The table below presents the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value. The financial instruments presented below are reported at carrying value on the Company’s Unaudited Interim Consolidated Statements of Financial Position. In some cases, as described below, the carrying amount equals or approximates fair value. September 30, 2019 Fair Value Carrying Amount(1) Level 1 Level 2 Level 3 Total Total (in millions) Assets: Fixed maturities, held-to-maturity(2) $ 0 $ 2,272 $ 87 $ 2,359 $ 1,958 Assets supporting experience-rated contractholders liabilities 0 0 0 0 0 Commercial mortgage and other loans 0 108 63,846 63,954 61,282 Policy loans 0 0 12,022 12,022 12,022 Other invested assets 0 36 0 36 36 Short-term investments 1,312 325 0 1,637 1,637 Cash and cash equivalents 7,313 1,449 0 8,762 8,762 Accrued investment income 0 3,248 0 3,248 3,248 Other assets 144 2,457 600 3,201 3,199 Total assets $ 8,769 $ 9,895 $ 76,555 $ 95,219 $ 92,144 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 32,811 $ 70,326 $ 103,137 $ 101,689 Securities sold under agreements to repurchase 0 9,241 0 9,241 9,241 Cash collateral for loaned securities 0 4,728 0 4,728 4,728 Short-term debt 0 1,243 260 1,503 1,490 Long-term debt(3) 1,945 18,597 1,166 21,708 19,151 Notes issued by consolidated VIEs 0 0 426 426 426 Other liabilities 0 6,900 598 7,498 7,498 Separate account liabilities—investment contracts 0 73,415 23,684 97,099 97,099 Total liabilities $ 1,945 $ 146,935 $ 96,460 $ 245,340 $ 241,322 December 31, 2018 Fair Value Carrying Amount(1) Level 1 Level 2 Level 3 Total Total (in millions) Assets: Fixed maturities, held-to-maturity(2) $ 0 $ 1,468 $ 904 $ 2,372 $ 2,013 Assets supporting experience-rated contractholders liabilities 0 0 0 0 0 Commercial mortgage and other loans 0 109 59,106 59,215 59,067 Policy loans 0 0 12,016 12,016 12,016 Other invested assets 0 40 0 40 40 Short-term investments 951 25 0 976 976 Cash and cash equivalents 4,871 1,004 0 5,875 5,875 Accrued investment income 0 3,318 0 3,318 3,318 Other assets 141 2,189 483 2,813 2,813 Total assets $ 5,963 $ 8,153 $ 72,509 $ 86,625 $ 86,118 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 31,422 $ 67,006 $ 98,428 $ 99,829 Securities sold under agreements to repurchase 0 9,950 0 9,950 9,950 Cash collateral for loaned securities 0 3,929 0 3,929 3,929 Short-term debt 0 1,854 658 2,512 2,451 Long-term debt(3) 1,734 15,057 1,181 17,972 17,378 Notes issued by consolidated VIEs 0 0 360 360 360 Other liabilities 0 6,338 510 6,848 6,848 Separate account liabilities—investment contracts 0 66,914 26,022 92,936 92,936 Total liabilities $ 1,734 $ 135,464 $ 95,737 $ 232,935 $ 233,681 __________ (1) Carrying values presented herein differ from those in the Company’s Unaudited Interim Consolidated Statements of Financial Position because certain items within the respective financial statement captions are not considered financial instruments or are out of scope under authoritative guidance relating to disclosures of the fair value of financial instruments. (2) Excludes notes with fair value of $5,362 million (carrying amount of $4,914 million ) and $4,879 million (carrying amount of $4,879 million ) as of September 30, 2019 and December 31, 2018 , respectively, which have been offset with the associated payables under a netting agreement. (3) Includes notes with fair value of $9,718 million (carrying amount of $9,270 million ) and $9,095 million (carrying amount of $9,095 million ) as of September 30, 2019 and December 31, 2018 , respectively, which have been offset with the associated receivables under a netting agreement.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lessee Supplemental Balance Sheet Information Related to Operating Leases	Supplemental balance sheet information related to leases where the Company is the lessee is included below. Right-of-use assets and lease liabilities are included within “Other assets” and “Other liabilities” respectively. September 30, 2019 (in millions) Operating Leases: Right-of-use assets $ 524 Lease liabilities $ 564 Weighted average remaining lease term 6 years Weighted average discount rate 2.50 %
Lessee Maturities of Operating Lease Liabilities	Maturities of operating lease liabilities are as follows: September 30, 2019 (in millions) 2019 (October - December) $ 40 2020 146 2021 129 2022 92 2023 67 Thereafter 143 Total lease payments 617 Less imputed interest (53 ) Total $ 564

Closed Block (Tables)

Closed Block (Tables)	9 Months Ended
	Sep. 30, 2019
Closed Block Disclosure [Abstract]
Schedule of Closed Block Liabilities and Assets	Closed Block liabilities and assets designated to the Closed Block, as well as maximum future earnings to be recognized from these liabilities and assets, are as follows: September 30, December 31, (in millions) Closed Block liabilities Future policy benefits $ 47,726 $ 48,282 Policyholders’ dividends payable 840 812 Policyholders’ dividend obligation 6,563 3,150 Policyholders’ account balances 4,988 5,061 Other Closed Block liabilities 4,391 3,955 Total Closed Block liabilities 64,508 61,260 Closed Block assets Fixed maturities, available-for-sale, at fair value 42,078 38,538 Fixed maturities, trading, at fair value 243 195 Equity securities, at fair value 2,064 1,784 Commercial mortgage and other loans 8,484 8,782 Policy loans 4,302 4,410 Other invested assets 3,367 3,316 Short-term investments 323 477 Total investments 60,861 57,502 Cash and cash equivalents 359 467 Accrued investment income 478 466 Other Closed Block assets 133 105 Total Closed Block assets 61,831 58,540 Excess of reported Closed Block liabilities over Closed Block assets 2,677 2,720 Portion of above representing accumulated other comprehensive income (loss): Net unrealized investment gains (losses) 3,926 857 Allocated to policyholder dividend obligation (3,977 ) (899 ) Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,626 $ 2,678
Schedule of Closed Block Dividend Obligation	Information regarding the policyholder dividend obligation is as follows: Nine Months Ended (in millions) Balance, December 31, 2018 $ 3,150 Impact from earnings allocable to policyholder dividend obligation 334 Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation 3,079 Balance, September 30, 2019 $ 6,563
Schedule of Closed Block Revenues Benefits Expenses	Closed Block revenues and benefits and expenses are as follows for the periods indicated: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Revenues Premiums $ 510 $ 528 $ 1,618 $ 1,680 Net investment income 591 562 1,732 1,752 Realized investment gains (losses), net 351 (4 ) 456 104 Other income (loss) 31 166 356 273 Total Closed Block revenues 1,483 1,252 4,162 3,809 Benefits and Expenses Policyholders’ benefits 659 676 2,148 2,182 Interest credited to policyholders’ account balances 33 33 97 99 Dividends to policyholders 649 424 1,617 1,240 General and administrative expenses 88 91 266 275 Total Closed Block benefits and expenses 1,429 1,224 4,128 3,796 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes 54 28 34 13 Income tax expense (benefit) 39 12 (14 ) (33 ) Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 15 $ 16 $ 48 $ 46

Short-Term and Long-Term Debt (

Short-Term and Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Short-term Debt	The table below presents the Company’s short-term debt as of the dates indicated: September 30, 2019 December 31, 2018 ($ in millions) Commercial paper: Prudential Financial $ 25 $ 15 Prudential Funding, LLC 553 727 Subtotal commercial paper 578 742 Mortgage Debt(1) 0 53 Current portion of long-term debt(2) 904 1,656 Other(3) 8 0 Total short-term debt(4) $ 1,490 $ 2,451 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 250 $ 301 Daily average commercial paper outstanding for the quarter ended $ 1,853 $ 1,554 Weighted average maturity of outstanding commercial paper, in days 5 12 Weighted average interest rate on outstanding commercial paper(5) 1.90 % 2.41 % __________ (1) Includes $53 million of mortgage debt denominated in foreign currency at December 31, 2018. (2) Includes $652 million and $1,100 million of senior notes at September 30, 2019 and December 31, 2018, respectively, and $252 million and $57 million of mortgage debt that has recourse only to real estate investment property at September 30, 2019 and December 31, 2018 , respectively. (3) Includes $8 million drawn on a revolving line of credit held by a subsidiary at September 30, 2019. (4) Includes Prudential Financial debt of $677 million and $1,115 million at September 30, 2019 and December 31, 2018 , respectively.
Schedule of Long-term Debt	The table below presents the Company’s long-term debt as of the dates indicated: September 30, 2019 December 31, 2018 (in millions) Fixed-rate obligations: Surplus notes $ 342 $ 341 Surplus notes subject to set-off arrangements(1) 7,070 6,895 Senior notes 10,582 8,774 Mortgage debt(2) 101 237 Floating-rate obligations: Line of credit 299 0 Surplus notes subject to set-off arrangements(1) 2,200 2,200 Senior notes 29 29 Mortgage debt(3) 224 429 Junior subordinated notes(4) 7,574 7,568 Subtotal 28,421 26,473 Less: assets under set-off arrangements(1) 9,270 9,095 Total long-term debt(5) $ 19,151 $ 17,378 __________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes included in long-term debt. (2) Includes $41 million and $101 million of debt denominated in foreign currency at September 30, 2019 and December 31, 2018 , respectively. (3) Includes $49 million and $206 million of debt denominated in foreign currency at September 30, 2019 and December 31, 2018 , respectively. (4) Includes Prudential Financial debt of $7,516 million and $7,511 million at September 30, 2019 and December 31, 2018, respectively. Also includes subsidiary debt of $58 million and $57 million denominated in foreign currency at September 30, 2019 and December 31, 2018, respectively. (5) Includes Prudential Financial debt of $17,954 million and $16,141 million at September 30, 2019 and December 31, 2018 , respectively.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	Net periodic (benefit) cost included in “General and administrative expenses” includes the following components: Three Months Ended September 30, Pension Benefits Other Postretirement Benefits 2019 2018 2019 2018 (in millions) Components of net periodic (benefit) cost: Service cost $ 73 $ 78 $ 5 $ 6 Interest cost 122 112 20 17 Expected return on plan assets (204 ) (204 ) (24 ) (27 ) Amortization of prior service cost (1 ) (1 ) 1 0 Amortization of actuarial (gain) loss, net 54 53 6 4 Settlements 4 5 0 0 Special termination benefits 2 0 0 0 Net periodic (benefit) cost $ 50 $ 43 $ 8 $ 0 Nine Months Ended September 30, Pension Benefits Other Postretirement Benefits 2019 2018 2019 2018 (in millions) Components of net periodic (benefit) cost: Service cost $ 218 $ 236 $ 16 $ 18 Interest cost 368 336 59 52 Expected return on plan assets (612 ) (613 ) (71 ) (81 ) Amortization of prior service cost (3 ) (3 ) 3 0 Amortization of actuarial (gain) loss, net 162 160 18 13 Settlements 52 5 0 0 Special termination benefits 3 1 0 0 Net periodic (benefit) cost $ 188 $ 122 $ 25 $ 2

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Common Stock Disclosure	The changes in the number of shares of Common Stock issued, held in treasury and outstanding, are as follows for the periods indicated: Common Stock Issued Held In Treasury Outstanding (in millions) Balance, December 31, 2018 660.1 249.4 410.7 Common Stock issued(1) 6.2 0.0 6.2 Common Stock acquired 0.0 21.8 (21.8 ) Stock-based compensation programs(2) 0.0 (3.2 ) 3.2 Balance, September 30, 2019 666.3 268.0 398.3 __________ (1) In August 2019, as a result of the note holders’ exercise of the exchange option on $500 million of surplus notes, the Company issued approximately 6.2 million shares of Common Stock at an exchange rate equal to 12.3877 shares of Common Stock per each $1,000 principal amount of surplus notes. The Company’s obligations under the surplus notes are now satisfied. For additional information, see Note 13. (2) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs.
Dividends Declared	Dividends declared per share of Common Stock are as follows for the periods indicated: Three Months Ended Nine Months Ended 2019 2018 2019 2018 Dividends declared per share of Common Stock $ 1.00 $ 0.90 $ 3.00 $ 2.70
Components of Accumulated Other Comprehensive Income (Loss)	The balance of and changes in each component of AOCI as of and for the nine months ended September 30, 2019 and 2018 , are as follows: Accumulated Other Comprehensive Income (Loss) Attributable to Prudential Financial, Inc. Foreign Currency Translation Adjustment Net Unrealized Investment Gains (Losses)(1) Pension and Postretirement Unrecognized Net Periodic Benefit (Cost) Total Accumulated Other Comprehensive Income (Loss) (in millions) Balance, December 31, 2018 $ (564 ) $ 14,745 $ (3,275 ) $ 10,906 Change in OCI before reclassifications (74 ) 22,759 (76 ) 22,609 Amounts reclassified from AOCI 5 (1,188 ) 180 (1,003 ) Income tax benefit (expense) 20 (4,956 ) (25 ) (4,961 ) Cumulative effect of adoption of ASU 2017-12 0 7 0 7 Balance, September 30, 2019 $ (613 ) $ 31,367 $ (3,196 ) $ 27,558 Accumulated Other Comprehensive Income (Loss) Attributable to Prudential Financial, Inc. Foreign Currency Translation Adjustment Net Unrealized Investment Gains (Losses)(1) Pension and Postretirement Unrecognized Net Periodic Benefit (Cost) Total Accumulated Other Comprehensive Income (Loss) (in millions) Balance, December 31, 2017 $ (269 ) $ 19,968 $ (2,625 ) $ 17,074 Change in OCI before reclassifications (314 ) (10,452 ) 30 (10,736 ) Amounts reclassified from AOCI 1 (690 ) 170 (519 ) Income tax benefit (expense) 15 2,555 (45 ) 2,525 Cumulative effect of adoption of ASU 2016-01 0 (847 ) 0 (847 ) Cumulative effect of adoption of ASU 2018-02 (231 ) 2,282 (398 ) 1,653 Balance, September 30, 2018 $ (798 ) $ 12,816 $ (2,868 ) $ 9,150 __________ (1) Includes cash flow hedges of $1,584 million and $811 million as of September 30, 2019 and December 31, 2018 , respectively, and $139 million and $(39) million as of September 30, 2018 and December 31, 2017 , respectively.
Reclassification Out Of Accumulated Other Comprehensive Income (Loss)	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Nine Months Ended Affected line item in Consolidated Statements of Operations 2019 2018 2019 2018 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustments $ 0 $ (1 ) $ (5 ) $ (1 ) Realized investment gains (losses), net Foreign currency translation adjustments 0 0 0 0 Other income (loss) Total foreign currency translation adjustment 0 (1 ) (5 ) (1 ) Net unrealized investment gains (losses): Cash flow hedges—Interest rate 57 0 56 2 (3) Cash flow hedges—Currency 3 2 5 2 (3) Cash flow hedges—Currency/Interest rate 267 122 438 367 (3) Net unrealized investment gains (losses) on available-for-sale securities 360 76 689 319 Total net unrealized investment gains (losses) 687 200 1,188 690 (4) Amortization of defined benefit pension items: Prior service cost 0 1 0 3 (5) Actuarial gain (loss) (60 ) (57 ) (180 ) (173 ) (5) Total amortization of defined benefit pension items (60 ) (56 ) (180 ) (170 ) Total reclassifications for the period $ 627 $ 143 $ 1,003 $ 519 __________ (1) All amounts are shown before tax. (2) Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI. (3) See Note 5 for additional information on cash flow hedges. (4) See table below for additional information on unrealized investment gains (losses), including the impact on deferred policy acquisition and other costs, future policy benefits and policyholders’ dividends. (5) See Note 11 for information on employee benefit plans.
OTTI Net Unrealized Investment Gain (Loss) AOCI Rollforward	The amounts for the periods indicated below, split between amounts related to fixed maturity securities on which an OTTI loss has been recognized, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities on which an OTTI loss has been recognized Net Unrealized DAC, DSI, VOBA and Reinsurance Recoverables Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables Policyholders’ Dividends Deferred Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) (in millions) Balance, December 31, 2018 $ 189 $ (1 ) $ 4 $ (23 ) $ (61 ) $ 108 Net investment gains (losses) on investments arising during the period 132 (30 ) 102 Reclassification adjustment for (gains) losses included in net income (50 ) 11 (39 ) Reclassification adjustment for OTTI losses excluded from net income(1) (39 ) 9 (30 ) Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables (1 ) 0 (1 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances and reinsurance payables 1 0 1 Impact of net unrealized investment (gains) losses on policyholders’ dividends (3 ) 1 (2 ) Balance, September 30, 2019 $ 232 $ (2 ) $ 5 $ (26 ) $ (70 ) $ 139 __________ (1) Represents “transfers in” related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss.
All Other Net Unrealized Investment Gain (Loss) AOCI Rollforward	All Other Net Unrealized Investment Gains (Losses) in AOCI Net Unrealized Gains (Losses) on Investments(1) DAC, DSI, VOBA and Reinsurance Recoverables Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables Policyholders’ Dividends Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) (in millions) Balance, December 31, 2018 $ 22,531 $ (738 ) $ (791 ) $ (894 ) $ (5,471 ) $ 14,637 Net investment gains (losses) on investments arising during the period 28,971 (6,579 ) 22,392 Reclassification adjustment for (gains) losses included in net income (1,138 ) 258 (880 ) Reclassification adjustment for OTTI losses excluded from net income(2) 39 (9 ) 30 Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables (1,035 ) 233 (802 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances and reinsurance payables (2,215 ) 502 (1,713 ) Impact of net unrealized investment (gains) losses on policyholders’ dividends (3,093 ) 650 (2,443 ) Cumulative effect of adoption of ASU 2017-12 9 (2 ) 7 Balance, September 30, 2019 $ 50,412 $ (1,773 ) $ (3,006 ) $ (3,987 ) $ (10,418 ) $ 31,228 __________ (1) Includes cash flow hedges. See Note 5 for information on cash flow hedges. (2) Represents “transfers out” related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Reconciliation of Earnings Per Share	A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidated earnings of Prudential Financial for the periods indicated, is as follows: Three Months Ended September 30, 2019 2018 Income Weighted Average Shares Per Share Amount Income Weighted Average Shares Per Share Amount (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 1,425 $ 1,675 Less: Income (loss) attributable to noncontrolling interests 7 3 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 15 19 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,403 404.1 $ 3.47 $ 1,653 416.2 $ 3.97 Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 15 $ 19 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 15 19 Stock options 1.0 1.4 Deferred and long-term compensation programs 1.2 1.2 Exchangeable Surplus Notes 1 2.2 5 5.9 Diluted earnings per share Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,404 408.5 $ 3.44 $ 1,658 424.7 $ 3.90 Nine Months Ended September 30, 2019 2018 Income Weighted Average Shares Per Share Amount Income Weighted Average Shares Per Share Amount (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 3,100 $ 3,239 Less: Income (loss) attributable to noncontrolling interests 42 7 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 33 37 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 3,025 406.2 $ 7.45 $ 3,195 419.2 $ 7.62 Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 33 $ 37 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 33 37 Stock options 1.1 1.6 Deferred and long-term compensation programs 1.1 1.1 Exchangeable Surplus Notes 12 4.8 16 5.9 Diluted earnings per share Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 3,037 413.2 $ 7.35 $ 3,211 427.8 $ 7.51
Earnings Per Share Computation	For the periods indicated, the number of stock options and shares related to deferred and long-term compensation programs that were considered antidilutive and were excluded from the computation of diluted earnings per share, weighted for the portion of the period they were outstanding, are as follows: Three Months Ended September 30, 2019 2018 Shares Exercise Price Per Share Shares Exercise Price Per Share (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 1.4 $ 101.57 0.8 $ 108.60 Antidilutive stock options due to net loss available to holders of Common Stock 0.0 0.0 Antidilutive shares based on application of the treasury stock method 0.0 0.0 Antidilutive shares due to net loss available to holders of Common Stock 0.0 0.0 Total antidilutive stock options and shares 1.4 0.8 Nine Months Ended September 30, 2019 2018 Shares Exercise Price Per Share Shares Exercise Price Per Share (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 1.2 $ 103.35 0.6 $ 108.46 Antidilutive stock options due to net loss available to holders of Common Stock 0.0 0.0 Antidilutive shares based on application of the treasury stock method 0.0 0.0 Antidilutive shares due to net loss available to holders of Common Stock 0.0 0.0 Total antidilutive stock options and shares 1.2 0.6

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The table below reconciles “Adjusted operating income before income taxes” to “Income (loss) before income taxes and equity in earnings of operating joint ventures”: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) Adjusted operating income before income taxes by segment: PGIM $ 232 $ 230 $ 710 $ 716 Total PGIM division 232 230 710 716 Retirement 302 239 1,020 833 Group Insurance 90 59 224 196 Total U.S. Workplace Solutions division 392 298 1,244 1,029 Individual Annuities(1) 459 454 1,393 1,480 Individual Life 59 170 29 249 Total U.S. Individual Solutions division 518 624 1,422 1,729 International Insurance 791 890 2,562 2,530 Total International Insurance division 791 890 2,562 2,530 Corporate and Other operations (281 ) (374 ) (1,028 ) (954 ) Total Corporate and Other (281 ) (374 ) (1,028 ) (954 ) Total segment adjusted operating income before income taxes 1,652 1,668 4,910 5,050 Reconciling items: Realized investment gains (losses), net, and related adjustments 382 271 (829 ) 751 Charges related to realized investment gains (losses), net (92 ) (94 ) (149 ) (233 ) Market experience updates(2) (314 ) 0 (522 ) 0 Investment gains (losses) on assets supporting experience-rated contractholder liabilities, net 91 10 832 (586 ) Change in experience-rated contractholder liabilities due to asset value changes (160 ) (21 ) (876 ) 482 Divested and Run-off businesses: Closed Block division 45 18 5 (22 ) Other Divested and Run-off businesses 155 12 441 (1,586 ) Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (34 ) (26 ) (71 ) (75 ) Consolidated income (loss) before income taxes and equity in earnings of operating joint ventures $ 1,725 $ 1,838 $ 3,741 $ 3,781 __________ (1) Individual Annuities segment results reflect DAC as if the individual annuity business is a stand-alone operation. The elimination of intersegment costs capitalized in accordance with this policy is included in consolidating adjustments within Corporate and Other operations. (2) Represents the immediate impacts in current period results from changes in current market conditions on estimates of profitability, which are excluded from adjusted operating income beginning with the second quarter of 2019. The Company had historically recognized these impacts in adjusted operating income.
Reconciliation of Certain Financial Information from Segments to Consolidated	The tables below present certain financial information for the Company’s segments and its Corporate and Other operations, including assets by segment and revenues by segment on an adjusted operating income basis, and the reconciliation of the segment totals to amounts reported in the Consolidated Financial Statements. Assets by segment: September 30, December 31, (in millions) PGIM $ 46,721 $ 47,690 Total PGIM division 46,721 47,690 Retirement 189,188 175,525 Group Insurance 43,656 41,727 Total U.S. Workplace Solutions division 232,844 217,252 Individual Annuities 187,519 167,899 Individual Life 93,930 83,739 Total U.S. Individual Solutions division 281,449 251,638 International Insurance 240,535 222,633 Total International Insurance division 240,535 222,633 Corporate and Other operations 21,739 16,826 Total Corporate and Other 21,739 16,826 Closed Block division 62,338 59,039 Total Closed Block division 62,338 59,039 Total assets per Unaudited Interim Consolidated Financial Statements $ 885,626 $ 815,078 Revenues by segment: Three Months Ended Nine Months Ended 2019 2018 2019 2018 Revenues on an adjusted operating income basis: (in millions) PGIM $ 855 $ 817 $ 2,651 $ 2,459 Total PGIM division 855 817 2,651 2,459 Retirement 2,261 4,203 8,486 9,280 Group Insurance 1,438 1,430 4,340 4,270 Total U.S. Workplace Solutions division 3,699 5,633 12,826 13,550 Individual Annuities 1,251 1,224 3,774 3,742 Individual Life 1,529 1,454 4,519 4,330 Total U.S. Individual Solutions division 2,780 2,678 8,293 8,072 International Insurance 5,771 5,490 17,424 16,818 Total International Insurance division 5,771 5,490 17,424 16,818 Corporate and Other operations (177 ) (186 ) (512 ) (549 ) Total Corporate and Other (177 ) (186 ) (512 ) (549 ) Total revenues on an adjusted operating income basis 12,928 14,432 40,682 40,350 Reconciling items: Realized investment gains (losses), net, and related adjustments 382 271 (829 ) 751 Charges related to realized investment gains (losses), net (62 ) (60 ) (188 ) (223 ) Market experience updates(1) (65 ) 0 (72 ) 0 Investment gains (losses) on assets supporting experience-rated contractholder liabilities, net 91 10 832 (586 ) Divested and Run-off businesses: Closed Block division 1,482 1,249 4,157 3,800 Other Divested and Run-off businesses 389 276 1,113 551 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (40 ) (30 ) (111 ) (83 ) Total revenues per Unaudited Interim Consolidated Financial Statements $ 15,105 $ 16,148 $ 45,584 $ 44,560 __________ (1) Represents the immediate impacts in current period results from changes in current market conditions on estimates of profitability, which are excluded from adjusted operating income beginning with the second quarter of 2019. The Company had historically recognized these impacts in adjusted operating income.
Schedule of Intersegment Revenues	The PGIM segment revenues include intersegment revenues, primarily consisting of asset-based management and administration fees, as follows: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (in millions) PGIM segment intersegment revenues $ 197 $ 183 $ 571 $ 552
Schedule of Asset Management and Service Fees	The table below presents asset management and service fees, predominantly related to investment management activities, for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in millions) Asset-based management fees $ 881 $ 876 $ 2,596 $ 2,593 Performance-based incentive fees 10 10 108 21 Other fees 147 151 433 459 Total asset management and service fees $ 1,038 $ 1,037 $ 3,137 $ 3,073

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingent Liabilities [Line Items]
Mortgage Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: September 30, 2019 December 31, 2018 Amount (in millions) % of Total Amount (in millions) % of Total Commercial mortgage and agricultural property loans by property type: Office $ 12,809 21.0 % $ 13,280 22.4 % Retail 8,385 13.7 8,639 14.6 Apartments/Multi-Family 17,112 28.0 16,538 28.0 Industrial 13,262 21.7 11,574 19.6 Hospitality 2,196 3.6 1,931 3.3 Other 3,862 6.3 3,846 6.5 Total commercial mortgage loans 57,626 94.3 55,808 94.4 Agricultural property loans 3,510 5.7 3,316 5.6 Total commercial mortgage and agricultural property loans by property type 61,136 100.0 % 59,124 100.0 % Allowance for credit losses (117 ) (123 ) Total net commercial mortgage and agricultural property loans by property type 61,019 59,001 Other loans: Uncollateralized loans 660 660 Residential property loans 132 157 Other collateralized loans 26 17 Total other loans 818 834 Allowance for credit losses (4 ) (5 ) Total net other loans 814 829 Total commercial mortgage and other loans(1) $ 61,833 $ 59,830 __________ (1) Includes loans held for sale which are carried at fair value and are collateralized primarily by apartment complexes. As of September 30, 2019 and December 31, 2018 , the net carrying value of these loans was $551 million and $763 million , respectively.
Commitments | Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Mortgage Loans	Commercial Mortgage Loan Commitments September 30, December 31, (in millions) Total outstanding mortgage loan commitments $ 2,026 $ 3,299 Portion of commitment where prearrangement to sell to investor exists $ 693 $ 1,490
Commitments | Investments
Commitments and Contingent Liabilities [Line Items]
Commitments to Purchase Investments (excluding Commercial Mortgage Loans)	Commitments to Purchase Investments (excluding Commercial Mortgage Loans) September 30, December 31, (in millions) Expected to be funded from the general account and other operations outside the separate accounts $ 6,525 $ 6,941 Expected to be funded from separate accounts $ 32 $ 147
Indemnifications
Commitments and Contingent Liabilities [Line Items]
Indemnification of Securities Lending and Securities Repurchase Transactions	Indemnification of Securities Lending and Securities Repurchase Transactions September 30, December 31, (in millions) Indemnification provided to certain clients for securities lending and securities repurchase transactions(1) $ 5,824 $ 5,399 Fair value of related collateral associated with above indemnifications(1) $ 5,957 $ 5,503 Accrued liability associated with guarantee $ 0 $ 0 __________ (1) As of September 30, 2019 , indemnification provided to certain clients and fair value of related collateral associated with such indemnification include $64 million and $63 million , respectively, related to securities repurchase transactions.
Indemnifications | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Mortgage Loans	Indemnification of Serviced Mortgage Loans September 30, December 31, (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 2,072 $ 1,828 First-loss exposure portion of above $ 610 $ 543 Accrued liability associated with guarantees $ 19 $ 17
Guarantees of Asset Values
Commitments and Contingent Liabilities [Line Items]
Guarantees	Guarantees of Asset Values September 30, December 31, (in millions) Guaranteed value of third-parties’ assets $ 80,102 $ 79,215 Fair value of collateral supporting these assets $ 82,037 $ 77,897 Asset (liability) associated with guarantee, carried at fair value $ 1 $ 2
Other Guarantees
Commitments and Contingent Liabilities [Line Items]
Guarantees	Other Guarantees September 30, December 31, (in millions) Other guarantees where amount can be determined $ 68 $ 77 Accrued liability for other guarantees and indemnifications $ 0 $ 0

Business and Basis of Present_2

Business and Basis of Presentation (Narrative) (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2019segmentdivision	Sep. 30, 2019segmentdivision
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of divisions | division	5	5
Number of reportable segments | segment	7	7

Significant Accounting Polici_3

Significant Accounting Policies and Pronouncements (Narrative) (Details) - USD ($) $ in Millions		Jan. 01, 2020	Sep. 30, 2019	Jan. 01, 2019		Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset			$ 524
Operating Lease, Liability			$ 564
Cumulative Effect of New Accounting Principle in Period of Adoption				$ (14)	[1]	$ 9
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset				600
Operating Lease, Liability				600
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption	[1]			$ (21)
Subsequent Event | Retained Earnings | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ (200)
[1]	Includes the impact from the adoption of ASU 2017-08 and 2017-12. See Note 2.

Investments (Fixed Maturities S

Investments (Fixed Maturities Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		$ 342,567	$ 331,745
Fair Value	[1]	391,657	353,656
Amortized Cost	[1]	1,958	2,013
Fair Value		2,359	2,372
Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		342,567	331,745
Gross Unrealized Gains		50,632	28,302
Gross Unrealized Losses		1,542	6,391
Fair Value		391,657	353,656
Amortized Cost		1,958	2,013
Gross Unrealized Gains		401	359
Gross Unrealized Losses		0	0
Fair Value		2,359	2,372
Fixed maturities | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		28,937	28,242
Gross Unrealized Gains		6,770	2,994
Gross Unrealized Losses		7	642
Fair Value		35,700	30,594
Fixed maturities | Obligations of U.S. states and their political subdivisions
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		9,869	9,880
Gross Unrealized Gains		1,584	676
Gross Unrealized Losses		0	63
Fair Value		11,453	10,493
Fixed maturities | Foreign government bonds
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		98,451	96,710
Gross Unrealized Gains		22,962	16,714
Gross Unrealized Losses		53	314
Fair Value		121,360	113,110
Amortized Cost		896	885
Gross Unrealized Gains		305	269
Gross Unrealized Losses		0	0
Fair Value		1,201	1,154
Fixed maturities | U.S. public corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		85,833	82,257
Gross Unrealized Gains		11,480	3,912
Gross Unrealized Losses		320	2,754
Fair Value		96,993	83,415
Fixed maturities | U.S. private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		33,837	32,450
Gross Unrealized Gains		2,465	1,151
Gross Unrealized Losses		153	581
Fair Value		36,149	33,020
Fixed maturities | Foreign public corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		27,336	27,671
Gross Unrealized Gains		3,190	2,061
Gross Unrealized Losses		117	531
Fair Value		30,409	29,201
Amortized Cost		651	668
Gross Unrealized Gains		69	64
Gross Unrealized Losses		0	0
Fair Value		720	732
Fixed maturities | Foreign private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		26,771	25,314
Gross Unrealized Gains		994	434
Gross Unrealized Losses		850	1,217
Fair Value		26,915	24,531
Amortized Cost		83	95
Gross Unrealized Gains		3	3
Gross Unrealized Losses		0	0
Fair Value		86	98
Fixed maturities | Asset-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		13,652	12,888
Gross Unrealized Gains		169	162
Gross Unrealized Losses		36	77
Fair Value		13,785	12,973
Fixed maturities | Commercial mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		14,934	13,396
Gross Unrealized Gains		839	99
Gross Unrealized Losses		5	180
Fair Value		15,768	13,315
Fixed maturities | Residential mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		2,947	2,937
Gross Unrealized Gains		179	99
Gross Unrealized Losses		1	32
Fair Value		3,125	3,004
Amortized Cost		328	365
Gross Unrealized Gains		24	23
Gross Unrealized Losses		0	0
Fair Value		352	388
Available-for-sale | OTTI | Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		(129)	(166)
Available-for-sale | OTTI | Fixed maturities | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		0	0
Available-for-sale | OTTI | Fixed maturities | Obligations of U.S. states and their political subdivisions
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		0	0
Available-for-sale | OTTI | Fixed maturities | Foreign government bonds
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		(34)	0
Available-for-sale | OTTI | Fixed maturities | U.S. public corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		(5)	(2)
Available-for-sale | OTTI | Fixed maturities | U.S. private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		0	0
Available-for-sale | OTTI | Fixed maturities | Foreign public corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		(7)	(3)
Available-for-sale | OTTI | Fixed maturities | Foreign private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		0	0
Available-for-sale | OTTI | Fixed maturities | Asset-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		(82)	(160)
Available-for-sale | OTTI | Fixed maturities | Commercial mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		0	0
Available-for-sale | OTTI | Fixed maturities | Residential mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		(1)	(1)
Available-for-sale | Net Unrealized Investment Gains (Losses) | Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		361	356
Held-to-maturity | Net Unrealized Investment Gains (Losses) | Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		1	1
Prudential Netting Agreement | U.S. private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fair Value		4,356	4,216
Prudential Netting Agreement | Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		4,914	4,879
Fair Value		5,362	4,879
Prudential Netting Agreement | Fixed maturities | U.S. private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		4,356	4,216
Fair Value		$ 4,356	$ 4,216
[1]	See Note 4 for details of balances associated with variable interest entities.

Investments (Fair Value and Los

Investments (Fair Value and Losses by Investment Category and Length of Time in a Loss Position) (Details) - Fixed maturities - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	$ 14,727	$ 79,899
Less Than Twelve Months, Gross Unrealized Losses	343	3,108
Twelve Months or More, Fair Value	15,948	46,570
Twelve Months or More, Gross Unrealized Losses	1,199	3,283
Total, Fair Value	30,675	126,469
Total, Gross Unrealized Losses	1,542	6,391
Fair Value not reflected in AOCI, held-to-maturity securities		13
Gross Unrealized Losses not reflected in AOCI, held-to-maturity securities	0	1
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	1,185	3,007
Less Than Twelve Months, Gross Unrealized Losses	7	67
Twelve Months or More, Fair Value	64	6,986
Twelve Months or More, Gross Unrealized Losses	0	575
Total, Fair Value	1,249	9,993
Total, Gross Unrealized Losses	7	642
Obligations of U.S. states and their political subdivisions
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	44	1,725
Less Than Twelve Months, Gross Unrealized Losses	0	25
Twelve Months or More, Fair Value	0	999
Twelve Months or More, Gross Unrealized Losses	0	38
Total, Fair Value	44	2,724
Total, Gross Unrealized Losses	0	63
Foreign government bonds
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	1,177	2,369
Less Than Twelve Months, Gross Unrealized Losses	49	136
Twelve Months or More, Fair Value	134	3,515
Twelve Months or More, Gross Unrealized Losses	4	178
Total, Fair Value	1,311	5,884
Total, Gross Unrealized Losses	53	314
U.S. public corporate securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	3,174	34,064
Less Than Twelve Months, Gross Unrealized Losses	93	1,570
Twelve Months or More, Fair Value	2,778	13,245
Twelve Months or More, Gross Unrealized Losses	227	1,184
Total, Fair Value	5,952	47,309
Total, Gross Unrealized Losses	320	2,754
U.S. private corporate securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	1,243	8,923
Less Than Twelve Months, Gross Unrealized Losses	54	225
Twelve Months or More, Fair Value	1,791	7,985
Twelve Months or More, Gross Unrealized Losses	99	356
Total, Fair Value	3,034	16,908
Total, Gross Unrealized Losses	153	581
Foreign public corporate securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	1,223	7,363
Less Than Twelve Months, Gross Unrealized Losses	47	308
Twelve Months or More, Fair Value	587	2,928
Twelve Months or More, Gross Unrealized Losses	70	223
Total, Fair Value	1,810	10,291
Total, Gross Unrealized Losses	117	531
Foreign private corporate securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	3,217	12,218
Less Than Twelve Months, Gross Unrealized Losses	76	692
Twelve Months or More, Fair Value	6,304	4,468
Twelve Months or More, Gross Unrealized Losses	774	525
Total, Fair Value	9,521	16,686
Total, Gross Unrealized Losses	850	1,217
Asset-backed securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	3,141	8,255
Less Than Twelve Months, Gross Unrealized Losses	16	70
Twelve Months or More, Fair Value	3,983	669
Twelve Months or More, Gross Unrealized Losses	20	7
Total, Fair Value	7,124	8,924
Total, Gross Unrealized Losses	36	77
Commercial mortgage-backed securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	283	1,781
Less Than Twelve Months, Gross Unrealized Losses	1	14
Twelve Months or More, Fair Value	190	4,733
Twelve Months or More, Gross Unrealized Losses	4	166
Total, Fair Value	473	6,514
Total, Gross Unrealized Losses	5	180
Residential mortgage-backed securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	40	194
Less Than Twelve Months, Gross Unrealized Losses	0	1
Twelve Months or More, Fair Value	117	1,042
Twelve Months or More, Gross Unrealized Losses	1	31
Total, Fair Value	157	1,236
Total, Gross Unrealized Losses	$ 1	$ 32

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Fixed maturities
Investment [Line Items]
Gross Unrealized Losses	$ 1,542		$ 1,542		$ 6,391
Gross unrealized losses of twelve months or more concentrated in various sectors	1,199		1,199		3,283
Fixed maturities | NAIC High or Highest Quality Rating
Investment [Line Items]
Gross Unrealized Losses	1,021		1,021		5,391
Fixed maturities | NAIC Other Than High or Highest Quality Rating
Investment [Line Items]
Gross Unrealized Losses	521		521		1,000
Corporate securities
Investment [Line Items]
Gross unrealized losses of twelve months or more concentrated in various sectors	1,199		1,199		$ 3,283
Other income | Equity securities
Investment [Line Items]
Unrealized gains (losses) for assets still held:	52	$ 92	632	$ (266)
Other income | Assets supporting experience-rated contractholder liabilities
Investment [Line Items]
Unrealized gains (losses) for assets still held:	$ 99	$ 34	$ 868	$ (562)
California
Investment [Line Items]
Commercial mortgage loan, concentration percentage	28.00%		28.00%
Texas
Investment [Line Items]
Commercial mortgage loan, concentration percentage	9.00%		9.00%
New York
Investment [Line Items]
Commercial mortgage loan, concentration percentage	7.00%		7.00%
Europe
Investment [Line Items]
Commercial mortgage loan, concentration percentage	6.00%		6.00%
Australia
Investment [Line Items]
Commercial mortgage loan, concentration percentage	1.00%		1.00%
Asia
Investment [Line Items]
Commercial mortgage loan, concentration percentage	1.00%		1.00%

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Available-for-Sale, Amortized Cost
Due in one year or less		$ 14,490
Due after one year through five years		50,551
Due after five years through ten years		66,752
Due after ten years		179,241
Amortized Cost		342,567	$ 331,745
Available-for-Sale, Fair Value
Due in one year or less		15,011
Due after one year through five years		53,730
Due after five years through ten years		73,205
Due after ten years		217,033
Fair Value	[1]	391,657	353,656
Held-to-Maturity, Amortized Cost
Due in one year or less		29
Due after one year through five years		114
Due after five years through ten years		595
Due after ten years		892
Amortized Cost	[1]	1,958	2,013
Held-to-Maturity, Fair Value
Due in one year or less		29
Due after one year through five years		117
Due after five years through ten years		664
Due after ten years		1,197
Fair Value		2,359	2,372
Asset-backed securities
Available-for-Sale, Amortized Cost
Debt Maturities, without single maturity date		13,652
Available-for-Sale, Fair Value
Debt Maturities, without Single Maturity Date		13,785
Held-to-Maturity, Amortized Cost
Debt Maturities, without Single Maturity Date		0
Held-to-Maturity, Fair Value
Debt Maturities, without Single Maturity Date		0
Commercial mortgage-backed securities
Available-for-Sale, Amortized Cost
Debt Maturities, without single maturity date		14,934
Available-for-Sale, Fair Value
Debt Maturities, without Single Maturity Date		15,768
Held-to-Maturity, Amortized Cost
Debt Maturities, without Single Maturity Date		0
Held-to-Maturity, Fair Value
Debt Maturities, without Single Maturity Date		0
Residential mortgage-backed securities
Available-for-Sale, Amortized Cost
Debt Maturities, without single maturity date		2,947
Available-for-Sale, Fair Value
Debt Maturities, without Single Maturity Date		3,125
Held-to-Maturity, Amortized Cost
Debt Maturities, without Single Maturity Date		328
Held-to-Maturity, Fair Value
Debt Maturities, without Single Maturity Date		352
Prudential Netting Agreement | U.S. private corporate securities
Available-for-Sale, Fair Value
Fair Value		4,356	4,216
Fixed maturities
Available-for-Sale, Amortized Cost
Amortized Cost		342,567	331,745
Available-for-Sale, Fair Value
Fair Value		391,657	353,656
Held-to-Maturity, Amortized Cost
Amortized Cost		1,958	2,013
Held-to-Maturity, Fair Value
Fair Value		2,359	2,372
Fixed maturities | U.S. private corporate securities
Available-for-Sale, Amortized Cost
Amortized Cost		33,837	32,450
Available-for-Sale, Fair Value
Fair Value		36,149	33,020
Fixed maturities | Foreign private corporate securities
Available-for-Sale, Amortized Cost
Amortized Cost		26,771	25,314
Available-for-Sale, Fair Value
Fair Value		26,915	24,531
Held-to-Maturity, Amortized Cost
Amortized Cost		83	95
Held-to-Maturity, Fair Value
Fair Value		86	98
Fixed maturities | Asset-backed securities
Available-for-Sale, Amortized Cost
Amortized Cost		13,652	12,888
Available-for-Sale, Fair Value
Fair Value		13,785	12,973
Fixed maturities | Commercial mortgage-backed securities
Available-for-Sale, Amortized Cost
Amortized Cost		14,934	13,396
Available-for-Sale, Fair Value
Fair Value		15,768	13,315
Fixed maturities | Residential mortgage-backed securities
Available-for-Sale, Amortized Cost
Amortized Cost		2,947	2,937
Available-for-Sale, Fair Value
Fair Value		3,125	3,004
Held-to-Maturity, Amortized Cost
Amortized Cost		328	365
Held-to-Maturity, Fair Value
Fair Value		352	388
Fixed maturities | Prudential Netting Agreement
Held-to-Maturity, Amortized Cost
Amortized Cost		4,914	4,879
Held-to-Maturity, Fair Value
Fair Value		5,362	4,879
Fixed maturities | Prudential Netting Agreement | U.S. private corporate securities
Available-for-Sale, Amortized Cost
Amortized Cost		4,356	4,216
Available-for-Sale, Fair Value
Fair Value		$ 4,356	$ 4,216
[1]	See Note 4 for details of balances associated with variable interest entities.

Investments (Fixed Maturity Pro

Investments (Fixed Maturity Proceeds) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Debt Securities [Line Items]
Proceeds from maturities/prepayments - AFS			$ 38,356	$ 42,903
Proceeds from maturities/prepayments - HTM			84	76
Fixed maturities | Available-for-sale
Debt Securities [Line Items]
Proceeds from sales	$ 7,190	$ 7,135	24,011	26,209
Proceeds from maturities/prepayments - AFS	5,315	4,941	14,507	16,720
Gross investment gains from sales and maturities	565	254	1,276	1,038
Gross investment losses from sales and maturities	(62)	(146)	(345)	(590)
OTTI recognized in earnings	(143)	(32)	(242)	(129)
Fixed maturities | Held-to-maturity
Debt Securities [Line Items]
Proceeds from maturities/prepayments - HTM	$ 47	$ 17	84	76
Fixed maturities | Available-for-sale
Debt Securities [Line Items]
Noncash or Part Noncash Divestiture, Amount of Consideration Received			162	26
Fixed maturities | Held-to-maturity
Debt Securities [Line Items]
Noncash or Part Noncash Divestiture, Amount of Consideration Received			$ 1	$ 1

Investments (Credit Losses Reco

Investments (Credit Losses Recognized In Earnings on Fixed Maturity Securities Held by the Company) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Balance, beginning of period	$ 142	$ 163	$ 140	$ 319
New credit loss impairments	38	1	58	1
Additional credit loss impairments on securities previously impaired	3	0	11	0
Increases due to the passage of time on previously recorded credit losses	2	2	5	8
Reductions for securities which matured, paid down, prepaid or were sold during the period	(9)	(5)	(36)	(160)
Reductions for securities impaired to fair value during the period	(11)	(1)	(11)	(5)
Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected	(1)	0	(3)	(3)
Balance, ending of period	$ 164	$ 160	$ 164	$ 160

Investments (Assets Supporting

Investments (Assets Supporting Experience-Rated Contractholder Liabilities) (Details) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		$ 21,444	$ 21,299
Assets supporting experience-rated contractholder liabilities, at fair value	[1]	22,267	21,254
Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		19,481	19,706
Assets supporting experience-rated contractholder liabilities, at fair value		20,085	19,579
Equity securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		1,474	1,378
Assets supporting experience-rated contractholder liabilities, at fair value		1,693	1,460
Short-term investments and cash equivalents
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		489	215
Assets supporting experience-rated contractholder liabilities, at fair value		489	215
Corporate securities | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		13,548	13,258
Assets supporting experience-rated contractholder liabilities, at fair value		13,949	13,119
Commercial mortgage-backed securities | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		2,084	2,346
Assets supporting experience-rated contractholder liabilities, at fair value		2,152	2,324
Residential mortgage-backed securities | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		1,034	828
Assets supporting experience-rated contractholder liabilities, at fair value		1,057	811
Asset-backed securities | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		1,678	1,649
Assets supporting experience-rated contractholder liabilities, at fair value		1,708	1,665
Foreign government bonds | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		798	1,087
Assets supporting experience-rated contractholder liabilities, at fair value		819	1,083
U.S. government authorities and agencies and obligations of U.S. states | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		339	538
Assets supporting experience-rated contractholder liabilities, at fair value		$ 400	$ 577
Public Securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost percentage		78.00%	78.00%
Collateralized loan obligations
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at fair value		$ 1,063	$ 1,028
NAIC High or Highest Quality Rating | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost percentage		94.00%	93.00%
[1]	See Note 4 for details of balances associated with variable interest entities.

Investments (Concentrations of

Investments (Concentrations of Credit Risk) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	$ 75,364	$ 73,529
Concentrations of credit risk at fair value	92,527	86,307
Investments in South Korean government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	10,239	10,354
Concentrations of credit risk at fair value	13,171	12,601
Assets supporting experience-rated contractholder liabilities | Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	632	691
Concentrations of credit risk at fair value	654	697
Assets supporting experience-rated contractholder liabilities | Investments in South Korean government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	15	15
Concentrations of credit risk at fair value	16	15
Available-for-sale | Fixed maturities | Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	73,835	71,952
Concentrations of credit risk at fair value	90,680	84,461
Available-for-sale | Fixed maturities | Investments in South Korean government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	10,224	10,339
Concentrations of credit risk at fair value	13,155	12,586
Held-to-maturity | Fixed maturities | Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	874	864
Concentrations of credit risk at fair value	1,170	1,127
Trading | Fixed maturities | Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	23	22
Concentrations of credit risk at fair value	$ 23	$ 22

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 61,136	$ 59,124
Other loans	818	834
Total commercial mortgage and other loans	$ 61,833	$ 59,830
% of Total	100.00%	100.00%
Net carrying value of commercial loans held for sale	$ 551	$ 763
Commercial Mortgage Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 57,626	$ 55,808
% of Total	94.30%	94.40%
Commercial mortgage and agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Allowance for credit losses, Commercial mortgage and agricultural property loans	$ (117)	$ (123)
Total net loans	61,019	59,001
Uncollateralized loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	660	660
Residential property loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	132	157
Other Collateralized Loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	26	17
Other loans
Commercial Mortgage and Other Loans [Line Items]
Total net loans	814	829
Allowance for credit losses, Other loans	(4)	(5)
Office
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 12,809	$ 13,280
% of Total	21.00%	22.40%
Retail
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 8,385	$ 8,639
% of Total	13.70%	14.60%
Apartments/Multi-Family
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 17,112	$ 16,538
% of Total	28.00%	28.00%
Industrial
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 13,262	$ 11,574
% of Total	21.70%	19.60%
Hospitality
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 2,196	$ 1,931
% of Total	3.60%	3.30%
Other
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 3,862	$ 3,846
% of Total	6.30%	6.50%
Agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 3,510	$ 3,316
% of Total	5.70%	5.60%

Investments (Allowance for Cred

Investments (Allowance for Credit Losses) (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	$ 128	$ 106
Addition to (release of) allowance for credit losses	(6)	22
Charge-offs, net of recoveries	(1)	0
Change in foreign exchange	0	0
Total ending balance	121	128
Commercial Mortgage Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	120	97
Addition to (release of) allowance for credit losses	(5)	23
Charge-offs, net of recoveries	(1)	0
Change in foreign exchange	0	0
Total ending balance	114	120
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	3	3
Addition to (release of) allowance for credit losses	0	0
Charge-offs, net of recoveries	0	0
Change in foreign exchange	0	0
Total ending balance	3	3
Residential Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	0	1
Addition to (release of) allowance for credit losses	0	(1)
Charge-offs, net of recoveries	0	0
Change in foreign exchange	0	0
Total ending balance	0	0
Other Collateralized Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	0	0
Addition to (release of) allowance for credit losses	0	0
Charge-offs, net of recoveries	0	0
Change in foreign exchange	0	0
Total ending balance	0	0
Uncollateralized Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	5	5
Addition to (release of) allowance for credit losses	(1)	0
Charge-offs, net of recoveries	0	0
Change in foreign exchange	0	0
Total ending balance	$ 4	$ 5

Investments (Allowance for Cr_2

Investments (Allowance for Credit Losses and Recorded Investment) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Allowance for credit losses:
Individually evaluated for impairment	$ 7	$ 19
Collectively evaluated for impairment	114	109
Total ending balance	121	128	$ 106
Recorded Investment:
Individually evaluated for impairment	57	104
Collectively evaluated for impairment	61,897	59,854
Total ending balance	61,954	59,958
Commercial Mortgage Loans
Allowance for credit losses:
Individually evaluated for impairment	7	19
Collectively evaluated for impairment	107	101
Total ending balance	114	120	97
Recorded Investment:
Individually evaluated for impairment	41	67
Collectively evaluated for impairment	57,585	55,741
Total ending balance	57,626	55,808
Agricultural Property Loans
Allowance for credit losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	3	3
Total ending balance	3	3	3
Recorded Investment:
Individually evaluated for impairment	16	35
Collectively evaluated for impairment	3,494	3,281
Total ending balance	3,510	3,316
Residential Property Loans
Allowance for credit losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	0	0
Total ending balance	0	0	1
Recorded Investment:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	132	157
Total ending balance	132	157
Other Collateralized Loans
Allowance for credit losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	0	0
Total ending balance	0	0	0
Recorded Investment:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	26	17
Total ending balance	26	17
Uncollateralized Loans
Allowance for credit losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	4	5
Total ending balance	4	5	$ 5
Recorded Investment:
Individually evaluated for impairment	0	2
Collectively evaluated for impairment	660	658
Total ending balance	660	660
Financial Asset Acquired with Credit Deterioration
Recorded Investment:
Financing Receivable Total	$ 0	$ 0

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	$ 57,626	$ 55,808
Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	3,510	3,316
Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	61,136	59,124
0%-59.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	31,075	31,024
0%-59.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	3,405	3,252
0%-59.99% | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	34,480	34,276
60%-69.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	18,205	17,159
60%-69.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	105	64
60%-69.99% | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	18,310	17,223
70%-79.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	8,054	7,119
70%-79.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	0	0
70%-79.99% | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	8,054	7,119
80% or greater | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	292	506
80% or greater | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	0	0
80% or greater | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	292	506
≥ 1.2X | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	55,218	53,519
≥ 1.2X | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	3,339	3,061
≥ 1.2X | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	58,557	56,580
≥ 1.2X | 0%-59.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	30,196	30,325
≥ 1.2X | 0%-59.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	3,234	2,997
≥ 1.2X | 0%-59.99% | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	33,430	33,322
≥ 1.2X | 60%-69.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	17,649	16,538
≥ 1.2X | 60%-69.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	105	64
≥ 1.2X | 60%-69.99% | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	17,754	16,602
≥ 1.2X | 70%-79.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	7,283	6,324
≥ 1.2X | 70%-79.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	0	0
≥ 1.2X | 70%-79.99% | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	7,283	6,324
≥ 1.2X | 80% or greater | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	90	332
≥ 1.2X | 80% or greater | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	0	0
≥ 1.2X | 80% or greater | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	90	332
1.0X to 1.2X | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	2,259	2,055
1.0X to 1.2X | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	157	198
1.0X to 1.2X | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	2,416	2,253
1.0X to 1.2X | 0%-59.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	798	538
1.0X to 1.2X | 0%-59.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	157	198
1.0X to 1.2X | 0%-59.99% | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	955	736
1.0X to 1.2X | 60%-69.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	556	621
1.0X to 1.2X | 60%-69.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	0	0
1.0X to 1.2X | 60%-69.99% | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	556	621
1.0X to 1.2X | 70%-79.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	762	754
1.0X to 1.2X | 70%-79.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	0	0
1.0X to 1.2X | 70%-79.99% | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	762	754
1.0X to 1.2X | 80% or greater | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	143	142
1.0X to 1.2X | 80% or greater | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	0	0
1.0X to 1.2X | 80% or greater | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	143	142
Less than 1.0X | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	149	234
Less than 1.0X | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	14	57
Less than 1.0X | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	163	291
Less than 1.0X | 0%-59.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	81	161
Less than 1.0X | 0%-59.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	14	57
Less than 1.0X | 0%-59.99% | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	95	218
Less than 1.0X | 60%-69.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	0	0
Less than 1.0X | 60%-69.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	0	0
Less than 1.0X | 60%-69.99% | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	0	0
Less than 1.0X | 70%-79.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	9	41
Less than 1.0X | 70%-79.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	0	0
Less than 1.0X | 70%-79.99% | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	9	41
Less than 1.0X | 80% or greater | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	59	32
Less than 1.0X | 80% or greater | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	0	0
Less than 1.0X | 80% or greater | Commercial mortgage and agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	$ 59	$ 32

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Current	$ 61,935	$ 59,940
Total Past Due	19	18
Total Loans	61,954	59,958
Non-Accrual Status	38	87
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1	1
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1	0
90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Past Due	17	17
Commercial mortgage loans
Financing Receivable, Past Due [Line Items]
Current	57,626	55,808
Total Past Due	0	0
Total Loans	57,626	55,808
Non-Accrual Status	21	66
Commercial mortgage loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial mortgage loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial mortgage loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Agricultural property loans
Financing Receivable, Past Due [Line Items]
Current	3,494	3,301
Total Past Due	16	15
Total Loans	3,510	3,316
Non-Accrual Status	16	18
Agricultural property loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Agricultural property loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Agricultural property loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Past Due	16	15
Residential Property Loans
Financing Receivable, Past Due [Line Items]
Current	129	154
Total Past Due	3	3
Total Loans	132	157
Non-Accrual Status	1	3
Residential Property Loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1	1
Residential Property Loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1	0
Residential Property Loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Past Due	1	2
Other Collateralized Loans
Financing Receivable, Past Due [Line Items]
Current	26	17
Total Past Due	0	0
Total Loans	26	17
Non-Accrual Status	0	0
Other Collateralized Loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Other Collateralized Loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Other Collateralized Loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Uncollateralized loans
Financing Receivable, Past Due [Line Items]
Current	660	660
Total Past Due	0	0
Total Loans	660	660
Non-Accrual Status	0	0
Uncollateralized loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Uncollateralized loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Uncollateralized loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Accruing Interest	$ 0	$ 0

Investments (Other Invested Ass

Investments (Other Invested Assets) (Details) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Other Invested Assets [Line Items]
Other invested assets	[1]	$ 15,654	$ 14,526
LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		10,742	9,841
Real estate held through direct ownership
Other Invested Assets [Line Items]
Other invested assets		2,359	2,466
Derivative instruments
Other Invested Assets [Line Items]
Other invested assets		1,398	1,155
Other
Other Invested Assets [Line Items]
Other invested assets		1,155	1,064
Mortgage Debt | Real estate-related
Other Invested Assets [Line Items]
Other invested assets		577	776
Equity method | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		6,639	5,726
Equity method | Private equity | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		3,497	3,182
Equity method | Hedge funds | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		1,721	1,337
Equity method | Real estate-related | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		1,421	1,207
Fair Value
Other Invested Assets [Line Items]
Other invested assets		36	40
Fair Value | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		4,103	4,115
Fair Value | Private equity | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		1,656	1,684
Fair Value | Hedge funds | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		2,105	2,135
Fair Value | Real estate-related | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		$ 342	$ 296
[1]	See Note 4 for details of balances associated with variable interest entities.

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 4,685	$ 4,275	$ 13,797	$ 12,798
Less: investment expenses	(247)	(229)	(753)	(658)
Net investment income	4,438	4,046	13,044	12,140
Assets supporting experience-rated contractholder liabilities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	191	181	558	553
Equity securities, at fair value
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	38	29	119	123
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	636	586	1,863	1,749
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	160	154	463	462
Other invested assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	251	152	727	456
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	123	91	356	245
Available-for-sale | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	3,191	2,981	9,429	8,936
Held-to-maturity | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	58	57	173	169
Trading | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 37	$ 44	$ 109	$ 105

Investments (Realized Investmen

Investments (Realized Investment Gains Losses, Net) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	$ 853	$ 151	$ (249)	$ 1,261
Fixed maturities
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	360	76	689	319
Commercial mortgage and other loans
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	20	16	34	33
Investment real estate
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	38	(1)	38	61
LPs/LLCs
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	2	0	(1)	16
Derivatives
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	433	62	(1,010)	835
Other
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	$ 0	$ (2)	$ 1	$ (3)

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	$ 50,644	$ 22,720
Fixed maturities | Available-for-sale | OTTI
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	232	190
Fixed maturities | Available-for-sale | All other
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	48,858	21,721
Derivatives designated as cash flow hedges
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	1,584	811
Other investments
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(30)	$ (2)
Other investments | Held-to-maturity
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	$ 0

Investments (Repurchase Agreeme

Investments (Repurchase Agreements and Securities Lending Transactions) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	$ 9,241	$ 9,950
Total cash collateral for loaned securities	4,728	3,929
Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	9,241	9,779
Total cash collateral for loaned securities	4,728	3,929
Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	171
Total cash collateral for loaned securities	0	0
30 days or greater
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Total cash collateral for loaned securities	0	0
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	8,985	9,589
Total cash collateral for loaned securities	1	105
U.S. Treasury securities and obligations of U.S. government authorities and agencies | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	8,985	9,418
Total cash collateral for loaned securities	1	105
U.S. Treasury securities and obligations of U.S. government authorities and agencies | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	171
Total cash collateral for loaned securities	0	0
Obligations of U.S. states and their political subdivisions
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	44	88
Obligations of U.S. states and their political subdivisions | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	44	88
Obligations of U.S. states and their political subdivisions | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
Foreign government bonds
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	367	325
Foreign government bonds | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	367	325
Foreign government bonds | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
U.S. public corporate securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	19
Total cash collateral for loaned securities	3,295	2,563
U.S. public corporate securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	19
Total cash collateral for loaned securities	3,295	2,563
U.S. public corporate securities | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Total cash collateral for loaned securities	0	0
Foreign public corporate securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	795	693
Foreign public corporate securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	795	693
Foreign public corporate securities | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
Residential mortgage-backed securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	256	342
Residential mortgage-backed securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	256	342
Residential mortgage-backed securities | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Equity securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	226	155
Equity securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	226	155
Equity securities | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	$ 0	$ 0

Variable Interest Entities (Ass

Variable Interest Entities (Assets and Liabilities of Consolidated VIEs) (Details) - USD ($) $ in Millions		9 Months Ended	12 Months Ended
		Sep. 30, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Total liabilities of consolidated VIEs	[1]	$ 1,233	$ 955
Consolidated VIEs for Which the Company is the Investment Manager
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		4,693	4,140
Total liabilities of consolidated VIEs		1,543	1,250
Consolidated VIEs for Which the Company is the Investment Manager | Assets supporting experience-rated contractholder liabilities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		0	0
Consolidated VIEs for Which the Company is the Investment Manager | Equity securities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		54	41
Consolidated VIEs for Which the Company is the Investment Manager | Commercial mortgage and other loans
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		765	730
Consolidated VIEs for Which the Company is the Investment Manager | Other
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		1,955	1,526
Consolidated VIEs for Which the Company is the Investment Manager | Cash and cash equivalents
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		136	131
Consolidated VIEs for Which the Company is the Investment Manager | Accrued investment income
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		4	5
Consolidated VIEs for Which the Company is the Investment Manager | Other assets
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		455	463
Consolidated VIEs for Which the Company is the Investment Manager | Other liabilities
Variable Interest Entity [Line Items]
Total liabilities of consolidated VIEs		310	295
Consolidated VIEs for Which the Company is the Investment Manager | Notes Issued by Consolidated VIEs
Variable Interest Entity [Line Items]
Total liabilities of consolidated VIEs		$ 1,233	$ 955
VIEs Liabilities, maturities obligations (greater than)		5 years	5 years
Consolidated VIEs for Which the Company is the Investment Manager | Available-for-sale | Fixed maturities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		$ 107	$ 73
Consolidated VIEs for Which the Company is the Investment Manager | Held-to-maturity | Fixed maturities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		83	95
Consolidated VIEs for Which the Company is the Investment Manager | Trading | Fixed maturities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		1,134	1,076
Other Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		1,944	1,923
Total liabilities of consolidated VIEs		17	17
Other Consolidated VIEs | Assets supporting experience-rated contractholder liabilities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		4	8
Other Consolidated VIEs | Equity securities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		0	0
Other Consolidated VIEs | Commercial mortgage and other loans
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		0	0
Other Consolidated VIEs | Other
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		97	77
Other Consolidated VIEs | Cash and cash equivalents
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		0	0
Other Consolidated VIEs | Accrued investment income
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		4	4
Other Consolidated VIEs | Other assets
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		705	721
Other Consolidated VIEs | Other liabilities
Variable Interest Entity [Line Items]
Total liabilities of consolidated VIEs		17	17
Other Consolidated VIEs | Notes Issued by Consolidated VIEs
Variable Interest Entity [Line Items]
Total liabilities of consolidated VIEs		0	0
Other Consolidated VIEs | Available-for-sale | Fixed maturities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		291	282
Other Consolidated VIEs | Held-to-maturity | Fixed maturities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		843	831
Other Consolidated VIEs | Trading | Fixed maturities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		0	0
ASU 2015-02, Wholly-owned by consolidated subsidiaries | Consolidated VIEs for Which the Company is the Investment Manager
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		$ 2,370	$ 2,013
[1]	See Note 4 for details of balances associated with variable interest entities.

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) - USD ($)		Sep. 30, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Other invested assets	[1]	$ 15,654,000,000	$ 14,526,000,000
Other Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liabilities held within unconsolidated VIEs		0
Other Unconsolidated VIEs | Fixed maturities, available-for-sale, Fixed maturities, trading, Equity securities and Other invested assets [Member]
Variable Interest Entity [Line Items]
Maximum exposure to loss resulting from investment in unconsolidated VIEs		960,000,000	836,000,000
LPs/LLCs
Variable Interest Entity [Line Items]
Other invested assets		10,742,000,000	9,841,000,000
LPs/LLCs | VIEs and Non-VIEs
Variable Interest Entity [Line Items]
Other invested assets		$ 10,742,000,000	$ 9,841,000,000
[1]	See Note 4 for details of balances associated with variable interest entities.

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Total derivative assets	$ 1,389	$ 1,148
Total derivative liabilities	134	127
Anticipated pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to earnings	$ 286
Maximum Length of Time Hedged in Cash Flow Hedge	10 years
Net investment hedges income (loss) before taxes	$ 544	532
Credit Derivatives [Line Items]
Credit Derivative Protection Purchased Notional Amount	274	145
Single Name Credit Default Swaps
Credit Derivatives [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	$ 100	110
Credit Derivatives Written Max Length Of Maturities (less than)	1 year
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	$ 1	1
Single Name Credit Default Swaps | NAIC 1
Credit Derivatives [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	48
Single Name Credit Default Swaps | NAIC 2
Credit Derivatives [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	48
Single Name Credit Default Swaps | NAIC 3
Credit Derivatives [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	4
Credit Default Swaps Referencing Indices
Credit Derivatives [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	$ 659	4,953
Credit Derivatives Written Max Length Of Maturities (less than)	28 years
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	$ 16	10
Credit Default Swaps Referencing Indices | NAIC 1
Credit Derivatives [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	50
Credit Default Swaps Referencing Indices | NAIC 3
Credit Derivatives [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	500
Credit Default Swaps Referencing Indices | NAIC 6
Credit Derivatives [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	109
Credit Default Swap, Buying Protection
Credit Derivatives [Line Items]
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	$ (14)	$ (1)

Derivative Instruments (Gross N

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 19,518	$ 10,480
Derivative Liability, Fair Value, Gross Liability	(8,277)	(5,408)
Derivative, Notional Amount	384,175	405,644
Net Embedded Derivative Liability	(17,463)	(8,959)
Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	3,127	1,877
Derivative Liability, Fair Value, Gross Liability	(239)	(427)
Derivative, Notional Amount	26,432	25,931
Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	815	305
Derivative Liability, Fair Value, Gross Liability	(83)	(67)
Derivative, Notional Amount	3,148	3,885
Designated as Hedging Instrument | Interest Rate Forward
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	10	26
Derivative Liability, Fair Value, Gross Liability	0	0
Derivative, Notional Amount	106	600
Designated as Hedging Instrument | Foreign Exchange Forward
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	57	26
Derivative Liability, Fair Value, Gross Liability	(11)	(2)
Derivative, Notional Amount	1,480	722
Designated as Hedging Instrument | Currency Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	2,245	1,520
Derivative Liability, Fair Value, Gross Liability	(145)	(358)
Derivative, Notional Amount	21,698	20,724
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	16,391	8,603
Derivative Liability, Fair Value, Gross Liability	(8,038)	(4,981)
Derivative, Notional Amount	357,743	379,713
Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	13,558	5,792
Derivative Liability, Fair Value, Gross Liability	(6,471)	(3,435)
Derivative, Notional Amount	140,554	140,963
Not Designated as Hedging Instrument | Interest Rate Forward
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	24	72
Derivative Liability, Fair Value, Gross Liability	0	0
Derivative, Notional Amount	2,199	5,049
Not Designated as Hedging Instrument | Foreign Exchange Forward
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	359	246
Derivative Liability, Fair Value, Gross Liability	(127)	(138)
Derivative, Notional Amount	25,553	19,849
Not Designated as Hedging Instrument | Foreign Exchange Option
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	0	0
Derivative, Notional Amount	0	2
Not Designated as Hedging Instrument | Currency Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	990	773
Derivative Liability, Fair Value, Gross Liability	(387)	(421)
Derivative, Notional Amount	13,626	13,784
Not Designated as Hedging Instrument | Interest Rate Future
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	6	23
Derivative Liability, Fair Value, Gross Liability	(3)	(2)
Derivative, Notional Amount	21,598	13,991
Not Designated as Hedging Instrument | Interest Rate Option
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	899	147
Derivative Liability, Fair Value, Gross Liability	(252)	(314)
Derivative, Notional Amount	17,983	24,002
Not Designated as Hedging Instrument | Credit Default Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	18	33
Derivative Liability, Fair Value, Gross Liability	(15)	(23)
Derivative, Notional Amount	1,033	5,207
Not Designated as Hedging Instrument | Equity Future
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	(5)	(8)
Derivative, Notional Amount	1,398	1,141
Not Designated as Hedging Instrument | Equity Option
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	401	384
Derivative Liability, Fair Value, Gross Liability	(625)	(554)
Derivative, Notional Amount	34,498	58,693
Not Designated as Hedging Instrument | Total Return Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	135	1,131
Derivative Liability, Fair Value, Gross Liability	(153)	(86)
Derivative, Notional Amount	17,942	17,309
Not Designated as Hedging Instrument | Other Contract
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	0	0
Derivative, Notional Amount	1,257	508
Not Designated as Hedging Instrument | Synthetic Gics
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	1	2
Derivative Liability, Fair Value, Gross Liability	0	0
Derivative, Notional Amount	$ 80,102	$ 79,215

Derivative Instruments (Hedged

Derivative Instruments (Hedged Item Offset By Derivatives Achieving Fair Value Hedge Accounting) (Details) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Fixed maturities, available-for-sale	[1]	$ 391,657	$ 353,656
Commercial mortgage and other loans	[1]	61,833	59,830
Policyholders’ account balances		(152,527)	(150,338)
Future policy benefits		(291,742)	$ (273,846)
Carrying Amount of the Hedged Assets (Liabilities)
Derivative [Line Items]
Fixed maturities, available-for-sale		395
Commercial mortgage and other loans		24
Policyholders’ account balances		(1,456)
Future policy benefits		(751)
Cumulative Adjustment Included in Carrying Amount
Derivative [Line Items]
Fixed maturities, available-for-sale		71
Commercial mortgage and other loans		2
Policyholders’ account balances		(201)
Future policy benefits		$ (253)
[1]	See Note 4 for details of balances associated with variable interest entities.

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivative Assets
Gross Amounts of Recognized Financial Instruments	$ 19,426	$ 10,407
Gross Amounts Offset in the Statements of Financial Position	(18,128)	(9,331)
Net Amounts Presented in the Statements of Financial Position	1,298	1,076
Financial Instruments/Collateral	(1,034)	(614)
Net Amount	264	462
Securities purchased under agreement to resell
Gross Amounts of Recognized Financial Instruments	1,437	986
Gross Amounts Offset in the Statements of Financial Position	0	0
Net Amounts Presented in the Statements of Financial Position	1,437	986
Financial Instruments/Collateral	(1,437)	(986)
Net Amount	0	0
Total assets
Gross Amounts of Recognized Financial Instruments	20,863	11,393
Gross Amounts Offset in the Statements of Financial Position	(18,128)	(9,331)
Net Amounts Presented in the Statements of Financial Position	2,735	2,062
Financial Instruments/Collateral	(2,471)	(1,600)
Net Amount	264	462
Derivative Liabilities
Gross Amounts of Recognized Financial Instruments	8,264	5,387
Gross Amounts Offset in the Statements of Financial Position	(8,143)	(5,281)
Net Amounts Presented in the Statements of Financial Position	121	106
Financial Instruments/Collateral	(97)	(45)
Net Amount	24	61
Securities sold under agreement to repurchase
Gross Amounts of Recognized Financial Instruments	9,241	9,950
Gross Amounts Offset in the Statements of Financial Position	0	0
Net Amounts Presented in the Statements of Financial Position	9,241	9,950
Financial Instruments/Collateral	(9,241)	(9,950)
Net Amount	0	0
Total liabilities
Gross Amounts of Recognized Financial Instruments	17,505	15,337
Gross Amounts Offset in the Statements of Financial Position	(8,143)	(5,281)
Net Amounts Presented in the Statements of Financial Position	9,362	10,056
Financial Instruments/Collateral	(9,338)	(9,995)
Net Amount	$ 24	$ 61

Derivative Instruments (Financi

Derivative Instruments (Financial Statement Classification and Impact of Derivatives Used in Qualifying and Non-qualifying Hedge Relationships) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 438	$ 65	$ (1,006)	$ 830
Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	322	38	(1,160)	776
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	75	61	221	176
Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	147	42	141	161
Other Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	7	0	6	2
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	(1)
Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Credited To Policyholders’ Account Balances
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)	3	3	7
Interest Credited To Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Policyholder Benefts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)		11
Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	576	40	776	181
AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Fair value hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(9)	5	(22)	29
Fair value hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(2)	(2)	(5)	(8)
Fair value hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Fair value hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Fair value hedges | Interest Credited To Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	115	(39)	283	(150)
Fair value hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	102		233
Fair value hedges | AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Fair Value Hedged Item | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	9	(5)	20	(32)
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0	(2)	(3)
Fair Value Hedged Item | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	6	7	18	28
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	4	5	13	20
Fair Value Hedged Item | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0	0	0
Fair Value Hedged Item | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0	0	0
Fair Value Hedged Item | Interest Credited To Policyholders’ Account Balances
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(116)	42	(280)	157
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	(1)	3	3	7
Fair Value Hedged Item | Policyholder Benefts
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(103)		(222)
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	(1)		11
Fair Value Hedged Item | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0	0	0
Cash flow hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	116	27	156	57
Cash flow hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	71	56	208	156
Cash flow hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	140	42	135	159
Cash flow hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	(1)
Cash flow hedges | Interest Credited To Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Cash flow hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Cash flow hedges | AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	567	40	764	178
Net investment hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Net investment hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Net investment hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Net investment hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Net investment hedges | Interest Credited To Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Net investment hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Net investment hedges | AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	9	0	12	3
Interest Rate | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	3,356	(960)	7,090	(2,909)
Interest Rate | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Other Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Interest Credited To Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Interest Rate | AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Fair value hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(10)	6	(24)	28
Interest Rate | Fair value hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(2)	(2)	(5)	(8)
Interest Rate | Fair value hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Fair value hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Fair value hedges | Interest Credited To Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	115	(39)	283	(150)
Interest Rate | Fair value hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	102		233
Interest Rate | Fair value hedges | AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Fair Value Hedged Item | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	10	(6)	21	(30)
Interest Rate | Fair Value Hedged Item | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	5	6	16	25
Interest Rate | Fair Value Hedged Item | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Interest Rate | Fair Value Hedged Item | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Interest Rate | Fair Value Hedged Item | Interest Credited To Policyholders’ Account Balances
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(116)	42	(280)	157
Interest Rate | Fair Value Hedged Item | Policyholder Benefts
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(103)		(222)
Interest Rate | Fair Value Hedged Item | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Interest Rate | Cash flow hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	56	0	55	3
Interest Rate | Cash flow hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	1	0	1	0
Interest Rate | Cash flow hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Cash flow hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	(1)
Interest Rate | Cash flow hedges | Interest Credited To Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Cash flow hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Interest Rate | Cash flow hedges | AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(38)	7	(16)	13
Currency | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	158	(140)	242	140
Currency | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Other Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	5	(1)	4	0
Currency | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Interest Credited To Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Currency | AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Fair value hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	1	(1)	2	1
Currency | Fair value hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Fair value hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Fair value hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Fair value hedges | Interest Credited To Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Fair value hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Currency | Fair value hedges | AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Fair Value Hedged Item | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(1)	1	(1)	(2)
Currency | Fair Value Hedged Item | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	1	1	2	3
Currency | Fair Value Hedged Item | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Currency | Fair Value Hedged Item | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Currency | Fair Value Hedged Item | Interest Credited To Policyholders’ Account Balances
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Currency | Fair Value Hedged Item | Policyholder Benefts
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0		0
Currency | Fair Value Hedged Item | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Currency | Cash flow hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	3	1	5	1
Currency | Cash flow hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Cash flow hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Cash flow hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Cash flow hedges | Interest Credited To Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Cash flow hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Currency | Cash flow hedges | AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	4	4	9	13
Currency | Net investment hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net investment hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net investment hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net investment hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net investment hedges | Interest Credited To Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net investment hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Currency | Net investment hedges | AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	9	0	12	3
Currency/Interest Rate | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	364	200	568	225
Currency/Interest Rate | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Other Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	2	1	2	2
Currency/Interest Rate | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Interest Credited To Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Currency/Interest Rate | AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Cash flow hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	57	26	96	53
Currency/Interest Rate | Cash flow hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	70	56	207	156
Currency/Interest Rate | Cash flow hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	140	42	135	159
Currency/Interest Rate | Cash flow hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Cash flow hedges | Interest Credited To Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Cash flow hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Currency/Interest Rate | Cash flow hedges | AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	601	29	771	152
Currency/Interest Rate | Net investment hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net investment hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net investment hedges | Other Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net investment hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net investment hedges | Interest Credited To Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net investment hedges | Policyholder Benefts | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Currency/Interest Rate | Net investment hedges | AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Credit | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	4	15	107	10
Credit | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Credit | Other Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Credit | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Credit | Interest Credited To Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Credit | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Credit | AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Equity | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(133)	(674)	(2,560)	(923)
Equity | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Equity | Other Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Equity | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Equity | Interest Credited To Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Equity | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Equity | AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	1	0	0
Other | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other | Other Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other | Interest Credited To Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Other | AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Embedded Derivatives | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(3,427)	1,596	(6,607)	4,233
Embedded Derivatives | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Embedded Derivatives | Other Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Embedded Derivatives | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Embedded Derivatives | Interest Credited To Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Embedded Derivatives | Policyholder Benefts | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Embedded Derivatives | AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0	$ 0	$ 0

Derivative Instruments (Current

Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Jan. 01, 2019	[1]	Dec. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ (14)		$ 9
Cash flow hedges in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Balance, beginning	$ 811
Amount recorded in AOCI	1,263
Amount reclassified from AOCI to income	(499)
Balance, ending	1,584
Interest Rate | Cash flow hedges in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount recorded in AOCI	40
Amount reclassified from AOCI to income	(56)
Currency | Cash flow hedges in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount recorded in AOCI	14
Amount reclassified from AOCI to income	(5)
Currency/Interest Rate | Cash flow hedges in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount recorded in AOCI	1,209
Amount reclassified from AOCI to income	$ (438)
[1]	Includes the impact from the adoption of ASU 2017-08 and 2017-12. See Note 2.

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	[1]	$ 391,657	$ 353,656
Assets supporting experience-rated contractholder liabilities	[1]	22,267	21,254
Fixed maturities, trading	[1]	3,779	3,243
Equity securities	[1]	7,014	6,238
Commercial mortgage and other loans	[1]	61,833	59,830
Other invested assets	[1]	15,654	14,526
Other assets	[1]	18,761	16,118
Separate account assets		301,234	279,136
TOTAL ASSETS		885,626	815,078
Future policy benefits		291,742	273,846
Other Liabilities	[1]	17,754	16,018
Total liabilities		819,312	766,047
Netting		18,128	9,331
Embedded Derivative, Fair Value of Embedded Derivative, Net Liability		17,463	8,959
Future policy benefits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative, Net Liability		16,400	8,900
Embedded Derivative, Fair Value Of Embedded Derivative Gross Asset		500	700
Embedded Derivative, Fair Value Of Embedded Derivative Gross Liability		16,900	9,600
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		391,657	353,656
Assets supporting experience-rated contractholder liabilities		22,267	21,254
Fixed maturities, trading		3,779	3,243
Equity securities		6,877	6,100
Commercial mortgage and other loans		551	763
Other invested assets		1,852	1,409
Short-term investments		5,683	5,493
Cash equivalents		9,527	9,478
Other assets		179	25
Separate account assets		277,811	254,066
TOTAL ASSETS		720,183	655,487
Future policy benefits		16,452	8,926
Policyholders' account balances		1,188	56
Other Liabilities		134	135
Notes issued by consolidated VIEs		807	595
Total liabilities		18,581	9,712
Assets Netting		(18,128)	(9,331)
Liabilities Netting		(8,143)	(5,281)
Netting		9,985	4,050
Fair Value, Measurements, Recurring | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Netting		(18,128)	(9,331)
Fair Value, Measurements, Recurring | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities Netting		(8,143)	(5,281)
Fair Value, Measurements, Recurring | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		35,700	30,594
Assets supporting experience-rated contractholder liabilities		183	381
Fair Value, Measurements, Recurring | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		11,453	10,493
Assets supporting experience-rated contractholder liabilities		217	196
Fair Value, Measurements, Recurring | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		121,360	113,110
Assets supporting experience-rated contractholder liabilities		819	1,083
Fair Value, Measurements, Recurring | U.S. public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		96,993	83,415
Fair Value, Measurements, Recurring | U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		36,149	33,020
Fair Value, Measurements, Recurring | Foreign public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		30,409	29,201
Fair Value, Measurements, Recurring | Foreign private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		26,915	24,531
Fair Value, Measurements, Recurring | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		13,949	13,119
Fair Value, Measurements, Recurring | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		13,785	12,973
Assets supporting experience-rated contractholder liabilities		1,708	1,665
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		15,768	13,315
Assets supporting experience-rated contractholder liabilities		2,152	2,324
Fair Value, Measurements, Recurring | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		3,125	3,004
Assets supporting experience-rated contractholder liabilities		1,057	811
Fair Value, Measurements, Recurring | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		1,693	1,460
Fair Value, Measurements, Recurring | All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		489	215
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		0	0
Assets supporting experience-rated contractholder liabilities		1,479	1,222
Fixed maturities, trading		0	0
Equity securities		5,353	4,819
Commercial mortgage and other loans		0	0
Other invested assets		7	23
Short-term investments		3,209	2,713
Cash equivalents		1,472	2,848
Other assets		0	0
Separate account assets		43,534	39,534
TOTAL ASSETS		55,054	51,159
Future policy benefits		0	0
Policyholders' account balances		0	0
Other Liabilities		8	18
Notes issued by consolidated VIEs		0	0
Total liabilities		8	18
Fair Value, Measurements, Recurring | Level 1 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		0	0
Fair Value, Measurements, Recurring | Level 1 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		1,429	1,222
Fair Value, Measurements, Recurring | Level 1 | All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		50	0
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		387,178	349,421
Assets supporting experience-rated contractholder liabilities		20,023	19,213
Fixed maturities, trading		3,475	3,037
Equity securities		881	610
Commercial mortgage and other loans		551	763
Other invested assets		19,509	10,454
Short-term investments		2,180	2,691
Cash equivalents		8,054	6,553
Other assets		0	0
Separate account assets		232,617	212,998
TOTAL ASSETS		674,468	605,740
Future policy benefits		0	0
Policyholders' account balances		0	0
Other Liabilities		8,269	5,398
Notes issued by consolidated VIEs		0	0
Total liabilities		8,269	5,398
Fair Value, Measurements, Recurring | Level 2 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		35,601	30,513
Assets supporting experience-rated contractholder liabilities		183	381
Fair Value, Measurements, Recurring | Level 2 | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		11,449	10,488
Assets supporting experience-rated contractholder liabilities		217	196
Fair Value, Measurements, Recurring | Level 2 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		121,338	112,985
Assets supporting experience-rated contractholder liabilities		793	858
Fair Value, Measurements, Recurring | Level 2 | U.S. public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		96,551	83,282
Fair Value, Measurements, Recurring | Level 2 | U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		34,385	31,265
Fair Value, Measurements, Recurring | Level 2 | Foreign public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		30,335	29,148
Fair Value, Measurements, Recurring | Level 2 | Foreign private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		26,016	23,787
Fair Value, Measurements, Recurring | Level 2 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		13,289	12,675
Fair Value, Measurements, Recurring | Level 2 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		12,629	11,726
Assets supporting experience-rated contractholder liabilities		1,633	1,516
Fair Value, Measurements, Recurring | Level 2 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		15,765	13,302
Assets supporting experience-rated contractholder liabilities		2,152	2,324
Fair Value, Measurements, Recurring | Level 2 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		3,109	2,925
Assets supporting experience-rated contractholder liabilities		1,057	811
Fair Value, Measurements, Recurring | Level 2 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		263	237
Fair Value, Measurements, Recurring | Level 2 | All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		436	215
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		4,479	4,235
Assets supporting experience-rated contractholder liabilities		765	819
Fixed maturities, trading		304	206
Equity securities		643	671
Commercial mortgage and other loans		0	0
Other invested assets		464	263
Short-term investments		294	89
Cash equivalents		1	77
Other assets		179	25
Separate account assets		1,660	1,534
TOTAL ASSETS		8,789	7,919
Future policy benefits		16,452	8,926
Policyholders' account balances		1,188	56
Other Liabilities		0	0
Notes issued by consolidated VIEs		807	595
Total liabilities		18,447	9,577
Fair Value, Measurements, Recurring | Level 3 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		99	81
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		4	5
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		22	125
Assets supporting experience-rated contractholder liabilities		26	225
Fair Value, Measurements, Recurring | Level 3 | U.S. public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		442	133
Fair Value, Measurements, Recurring | Level 3 | U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		1,764	1,755
Fair Value, Measurements, Recurring | Level 3 | Foreign public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		74	53
Fair Value, Measurements, Recurring | Level 3 | Foreign private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		899	744
Fair Value, Measurements, Recurring | Level 3 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		660	444
Fair Value, Measurements, Recurring | Level 3 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		1,156	1,247
Assets supporting experience-rated contractholder liabilities		75	149
Fair Value, Measurements, Recurring | Level 3 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		3	13
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		16	79
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		1	1
Fair Value, Measurements, Recurring | Level 3 | All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		3	0
Prudential Netting Agreement | U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		4,356	4,216
Prudential Netting Agreement | Fair Value, Measurements, Recurring | U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		4,356	4,216
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		4,103	4,115
Separate account assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		$ 23,423	$ 25,070
[1]	See Note 4 for details of balances associated with variable interest entities.

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 291,742	$ 273,846
Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	16,452	8,926
Policyholders' account balances	$ 1,188	56
Level 3 | Minimum
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Policyholder Age	45 years
Level 3 | Minimum | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Mortality rate	0.00%
Level 3 | Maximum
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Policyholder Age	90 years
Level 3 | Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 16,452	8,926
Policyholders' account balances	$ 1,188	$ 56
Level 3 | Internal | Minimum | Discounted cash flow | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1.00%	1.00%
Spread over LIBOR	0.16%	0.36%
Utilization rate	43.00%	50.00%
Withdrawal rate (greater than maximum range)	78.00%	78.00%
Mortality rate	0.00%	0.00%
Equity volatility curve	14.00%	18.00%
Level 3 | Internal | Minimum | Discounted cash flow | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1.00%
Spread over LIBOR	0.16%
Mortality rate	0.00%
Equity volatility curve	11.00%
Level 3 | Internal | Minimum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	0.26%	0.57%
Level 3 | Internal | Minimum | Discounted cash flow | Separate Accounts Commercial Mortgage Loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Spread	1.14%	1.12%
Level 3 | Internal | Minimum | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	5.7	4.5
Level 3 | Internal | Minimum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	8.27%	11.77%
Level 3 | Internal | Maximum | Discounted cash flow | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	18.00%	13.00%
Spread over LIBOR	1.46%	1.60%
Utilization rate	97.00%	97.00%
Withdrawal rate (greater than maximum range)	100.00%	100.00%
Mortality rate	15.00%	15.00%
Equity volatility curve	23.00%	22.00%
Level 3 | Internal | Maximum | Discounted cash flow | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	42.00%
Spread over LIBOR	1.46%
Mortality rate	24.00%
Equity volatility curve	25.00%
Level 3 | Internal | Maximum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	20.00%	20.00%
Level 3 | Internal | Maximum | Discounted cash flow | Separate Accounts Commercial Mortgage Loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Spread	2.29%	2.55%
Level 3 | Internal | Maximum | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	9.2	8.5
Level 3 | Internal | Maximum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	42.52%	94.00%
Level 3 | Internal | Weighted Average | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	8.19%	8.58%
Level 3 | Internal | Weighted Average | Discounted cash flow | Separate Accounts Commercial Mortgage Loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Spread	1.34%	1.29%
Level 3 | Internal | Weighted Average | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	7.3	8.1
Level 3 | Internal | Weighted Average | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	32.49%	32.16%
Level 3 | Internal | Fair Value, Measurements, Recurring | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 16,452	$ 8,926
Level 3 | Internal | Fair Value, Measurements, Recurring | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Policyholders' account balances	1,188
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	1,507	1,392
Level 3 | Internal | Fair Value, Measurements, Recurring | Separate Accounts Commercial Mortgage Loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Commercial mortgage loans	$ 828	$ 785

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Equity securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	$ 624	$ 783	$ 671	$ 795
Purchases	27	19	73	61
Sales	(20)	(46)	(44)	(78)
Issuances	0	0	0	0
Settlements	(1)	(40)	(75)	(79)
Other	(2)	(8)	2	7
Transfers into Level 3	0	2	1	5
Transfers out of Level 3	0	(2)	(24)	(5)
Fair Value, end of period	643	711	643	711
Total gains (losses) (realized/unrealized):
Included in earnings	15	3	39	5
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	7	(1)	30	(1)
Equity securities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	3	0	3	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Equity securities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	12	3	36	5
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	7	(1)	30	(1)
Equity securities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Equity securities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Equity securities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Assets supporting experience-rated contractholder liabilities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Assets supporting experience-rated contractholder liabilities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	(8)	(15)	1	(28)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(8)	(15)	0	(27)
Assets supporting experience-rated contractholder liabilities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Assets supporting experience-rated contractholder liabilities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Assets supporting experience-rated contractholder liabilities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	3	3	6	7
Assets supporting experience-rated contractholder liabilities | Foreign government bonds
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	26	221	225	223
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	(3)	(3)
Other	0	0	(196)	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	26	221	26	221
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	1
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	(1)	0	(3)
Assets supporting experience-rated contractholder liabilities | Corporate securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	553	488	444	462
Purchases	103	26	144	91
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(27)	(75)	(170)	(144)
Other	0	0	196	0
Transfers into Level 3	36	3	46	43
Transfers out of Level 3	0	(22)	(5)	(23)
Fair Value, end of period	660	408	660	408
Total gains (losses) (realized/unrealized):
Included in earnings	(5)	(12)	5	(21)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(8)	(13)	(2)	(23)
Assets supporting experience-rated contractholder liabilities | Structured securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	57	107	149	722
Purchases	22	3	28	22
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(4)	(21)	(29)	(163)
Other	0	0	0	0
Transfers into Level 3	0	0	0	33
Transfers out of Level 3	0	(15)	(74)	(538)
Fair Value, end of period	75	74	75	74
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	1	(2)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	(1)	1	(2)
Assets supporting experience-rated contractholder liabilities | Equity securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1	4	1	4
Purchases	0	0	0	0
Sales	0	(2)	(1)	(3)
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	1	2	1	2
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	1	1
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	1	1
Assets supporting experience-rated contractholder liabilities | All other activity
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1	5	0	7
Purchases	3	31	6	74
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(1)	(33)	(3)	(78)
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	3	3	3	3
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other invested assets
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	436	122	263	137
Purchases	28	0	246	1
Sales	0	(3)	0	(15)
Issuances	0	0	0	0
Settlements	0	0	(42)	0
Other	0	(3)	(2)	(11)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	464	117	464	117
Total gains (losses) (realized/unrealized):
Included in earnings	0	1	(1)	5
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	(1)	3
Other invested assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	(1)	4
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	(1)	2
Other invested assets | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	1	0	1
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	1
Other invested assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other invested assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Other invested assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Short-term investments
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	288	1	89	8
Purchases	127	22	553	44
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(121)	(17)	(348)	(43)
Other	0	0	0	(2)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	294	6	294	6
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	(1)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	(1)
Short-term investments | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	(1)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	(1)
Short-term investments | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Short-term investments | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Cash equivalents
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1	2	77	0
Purchases	0	0	1	9
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	(2)	(77)	(9)
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	1	0	1	0
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Cash equivalents | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Cash equivalents | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Cash equivalents | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Cash equivalents | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Cash equivalents | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Other assets
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	98	0	25	13
Purchases	10	0	27	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	179	0	179	0
Total gains (losses) (realized/unrealized):
Included in earnings	71	0	127	(13)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	73	0	127	(13)
Other assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	71	0	127	(13)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	73	0	127	(13)
Other assets | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Other assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Separate accounts assets
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1,708	1,816	1,534	2,122
Purchases	54	67	282	557
Sales	(88)	(6)	(105)	(28)
Issuances	0	0	0	0
Settlements	(62)	(66)	(112)	(327)
Other	0	0	0	0
Transfers into Level 3	43	12	43	236
Transfers out of Level 3	(4)	(212)	(116)	(938)
Fair Value, end of period	1,660	1,637	1,660	1,637
Total gains (losses) (realized/unrealized):
Included in earnings	9	26	134	15
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	8	24	122	20
Separate accounts assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Separate accounts assets | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Separate accounts assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	8	25	131	14
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	8	24	122	20
Separate accounts assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Separate accounts assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	1	1	3	1
Future policy benefits
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(12,723)	(6,585)	(8,926)	(8,720)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	(314)	(291)	(902)	(865)
Settlements	0	0	0	0
Other	2	0	3	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	(16,452)	(5,231)	(16,452)	(5,231)
Total gains (losses) (realized/unrealized):
Included in earnings	(3,417)	1,645	(6,627)	4,354
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(3,570)	1,585	(6,870)	4,088
Future policy benefits | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(3,417)	1,645	(6,627)	4,354
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(3,570)	1,585	(6,870)	4,088
Future policy benefits | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Future policy benefits | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Future policy benefits | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Future policy benefits | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Policyholders' account balances
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(1,047)	(42)	(56)	(47)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	(62)	(30)	(171)	(22)
Settlements	0	0	0	0
Other	0	0	(3)	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	(1,188)	(95)	(1,188)	(95)
Total gains (losses) (realized/unrealized):
Included in earnings	(79)	(23)	(958)	(26)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(66)	(23)	(938)	(26)
Policyholders' account balances | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(79)	(23)	(958)	(26)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(66)	(23)	(938)	(26)
Policyholders' account balances | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Policyholders' account balances | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Policyholders' account balances | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Policyholders' account balances | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Other liabilities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	(18)	0	(3)
Purchases	0	9	0	27
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	1
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	0	(41)	0	(41)
Total gains (losses) (realized/unrealized):
Included in earnings	0	(32)	0	(66)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	(33)	0	(65)
Other liabilities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	(32)	0	(66)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	(33)	0	(65)
Other liabilities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other liabilities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other liabilities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Other liabilities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Notes Issued by Consolidated VIEs
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(816)	(609)	(595)	(1,196)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	(858)	0
Settlements	0	0	638	0
Other	0	0	0	587
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	(807)	(610)	(807)	(610)
Total gains (losses) (realized/unrealized):
Included in earnings	9	(1)	8	(1)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	9	(2)	8	(1)
Notes Issued by Consolidated VIEs | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	9	(1)	8	(1)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	9	(2)	8	(1)
Notes Issued by Consolidated VIEs | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Notes Issued by Consolidated VIEs | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Notes Issued by Consolidated VIEs | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Notes Issued by Consolidated VIEs | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Available-for-sale | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(25)	(6)	(38)	(19)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(27)	(17)	(53)	(47)
Available-for-sale | Fixed maturities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Available-for-sale | Fixed maturities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Available-for-sale | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(3)	(26)	37	(65)
Available-for-sale | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	4	5	14	13
Available-for-sale | Fixed maturities | U.S. government
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	94	67	81	52
Purchases	5	2	18	17
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	99	69	99	69
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Available-for-sale | Fixed maturities | U.S. states
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	4	5	5	5
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	(1)	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	4	5	4	5
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Available-for-sale | Fixed maturities | Foreign government bonds
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	24	137	125	148
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	(3)	(1)	(6)
Transfers into Level 3	0	0	9	20
Transfers out of Level 3	0	(6)	(111)	(32)
Fair Value, end of period	22	128	22	128
Total gains (losses) (realized/unrealized):
Included in earnings	(2)	0	0	(2)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(2)	0	(2)	0
Available-for-sale | Fixed maturities | Corporate securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	2,792	2,691	2,685	2,776
Purchases	509	118	1,116	493
Sales	(7)	(13)	(36)	(17)
Issuances	0	0	0	0
Settlements	(203)	(323)	(807)	(778)
Other	(1)	(6)	(2)	(25)
Transfers into Level 3	136	60	319	189
Transfers out of Level 3	(21)	(187)	(80)	(280)
Fair Value, end of period	3,179	2,323	3,179	2,323
Total gains (losses) (realized/unrealized):
Included in earnings	(26)	(17)	(16)	(35)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(25)	(17)	(51)	(47)
Available-for-sale | Fixed maturities | Structured securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	861	1,664	1,339	6,715
Purchases	439	520	870	2,509
Sales	(1)	(226)	(48)	(570)
Issuances	0	0	0	0
Settlements	(74)	(221)	(406)	(1,538)
Other	(14)	(4)	(7)	2
Transfers into Level 3	5	0	755	1,133
Transfers out of Level 3	(45)	(315)	(1,357)	(6,809)
Fair Value, end of period	1,175	1,408	1,175	1,408
Total gains (losses) (realized/unrealized):
Included in earnings	4	(10)	29	(34)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Trading | Fixed maturities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	296	173	206	156
Purchases	16	18	90	67
Sales	(6)	(9)	(20)	(51)
Issuances	0	0	0	0
Settlements	0	0	0	(3)
Other	(1)	1	2	4
Transfers into Level 3	2	0	41	12
Transfers out of Level 3	0	(1)	(1)	(6)
Fair Value, end of period	304	186	304	186
Total gains (losses) (realized/unrealized):
Included in earnings	(3)	4	(14)	7
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(3)	4	(15)	7
Trading | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	1
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Trading | Fixed maturities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	(3)	3	(15)	5
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(3)	4	(15)	7
Trading | Fixed maturities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Trading | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Trading | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	$ 0	$ 1	$ 1	$ 1

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities (Derivative Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	$ 1,389	$ 1,148
Netting	(18,128)	(9,331)
Total derivative liabilities	134	127
Netting	(8,143)	(5,281)
Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	15,312	6,366
Total derivative liabilities	6,809	3,820
Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	416	273
Total derivative liabilities	138	140
Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	18	33
Total derivative liabilities	15	23
Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	3,235	2,292
Total derivative liabilities	532	778
Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	536	1,515
Total derivative liabilities	783	647
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	7	23
Total derivative liabilities	8	9
Level 1 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	6	23
Total derivative liabilities	3	2
Level 1 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1 | Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1	0
Total derivative liabilities	5	7
Level 1 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	19,509	10,454
Total derivative liabilities	8,269	5,399
Level 2 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	15,305	6,341
Total derivative liabilities	6,806	3,818
Level 2 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	416	273
Total derivative liabilities	138	140
Level 2 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	18	33
Total derivative liabilities	15	23
Level 2 | Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	3,235	2,292
Total derivative liabilities	532	778
Level 2 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	535	1,515
Total derivative liabilities	778	640
Level 2 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1	2
Total derivative liabilities	0	0
Level 3 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1	2
Total derivative liabilities	0	0
Level 3 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 | Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Netting	$ (9,985)	$ (4,050)

Fair Value of Assets and Liab_7

Fair Value of Assets and Liabilities (Changes in Level 3 Derivative Assets and Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net Derivative- Equity
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	$ 0	$ 2	$ 0	$ 10
Total gains (losses) (realized/unrealized):
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	(2)	0	(11)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	0	0	0	0
Net Derivative- Interest Rate
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	1	2	2	(3)
Total gains (losses) (realized/unrealized):
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	1	2	1	2
Realized investment gains (losses), net | Net Derivative- Equity
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	1
Unrealized Gain (Loss) for assets still held
Included in earnings	0	0	0	0
Realized investment gains (losses), net | Net Derivative- Interest Rate
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	(1)	5
Unrealized Gain (Loss) for assets still held
Included in earnings	$ 0	$ 4	$ (1)	$ 5

Fair Value of Assets and Liab_8

Fair Value of Assets and Liabilities (Nonrecurring Fair Value Measurements) (Details) - Fair Value, Measurements, Nonrecurring - Level 3 - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Commercial mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	$ 1	$ 3	$ 1	$ (10)
Carrying value after measurement as of period end	14		14		$ 47
Mortgage servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	(3)	$ 2	(5)	$ 6
Carrying value after measurement as of period end	$ 61		$ 61		$ 73

Fair Value of Assets and Liab_9

Fair Value of Assets and Liabilities (Changes in Fair Values Recorded in Earnings for FVO Assets-Liabilities) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans	[1]	$ 61,833		$ 61,833		$ 59,830
Other assets	[1]	18,761		18,761		16,118
Commercial mortgage and other loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Interest income		5	$ 4	16	$ 10
Fair value option loans in non-accrual status		0		0
Fair value option loans in more than 90 days past due and still accruing		0		0
Notes Issued by Consolidated VIEs
Fair Value, Option, Quantitative Disclosures [Line Items]
Changes in fair value		(9)	1	(8)	1
Interest expense		11	$ 9	33	$ 27
Fair value option
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans		551		551		763
Other assets		10		10		10
Notes issued by consolidated VIEs		807		807		595
Fair value option, aggregate contractual principal
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans		545		545		754
Notes issued by consolidated VIEs		$ 857		$ 857		$ 632
[1]	See Note 4 for details of balances associated with variable interest entities.

Fair Value of Assets and Lia_10

Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($) $ in Millions		Sep. 30, 2019		Dec. 31, 2018		Sep. 30, 2018
Assets:
Fixed maturities, held-to-maturity	[1]	$ 1,958		$ 2,013
Assets supporting experience-rated contractholder liabilities	[1]	22,267		21,254
Commercial mortgage and other loans	[1]	61,833		59,830
Policy loans		12,022		12,016
Other invested assets	[1]	15,654		14,526
Short-term Investments		7,320		6,469
Cash and cash equivalents		18,289	[1]	15,353	[1]	$ 12,466
Accrued investment income	[1]	3,248		3,318
Liabilities:
Securities sold under agreements to repurchase		9,241		9,950
Cash collateral for loaned securities		4,728		3,929
Short-term debt		1,490		2,451
Long-term debt		19,151		17,378
Fair Value
Assets:
Fixed maturities, held-to-maturity		2,359		2,372
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		63,954		59,215
Policy loans		12,022		12,016
Other invested assets		36		40
Short-term Investments		1,637		976
Cash and cash equivalents		8,762		5,875
Accrued investment income		3,248		3,318
Other assets		3,201		2,813
Total assets		95,219		86,625
Liabilities:
Policyholders’ account balances—investment contracts		103,137		98,428
Securities sold under agreements to repurchase		9,241		9,950
Cash collateral for loaned securities		4,728		3,929
Short-term debt		1,503		2,512
Long-term debt		21,708		17,972
Notes issued by consolidated VIEs		426		360
Other liabilities		7,498		6,848
Separate account liabilities—investment contracts		97,099		92,936
Total liabilities		245,340		232,935
Carrying Amount
Assets:
Fixed maturities, held-to-maturity		1,958		2,013
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		61,282		59,067
Policy loans		12,022		12,016
Other invested assets		36		40
Short-term Investments		1,637		976
Cash and cash equivalents		8,762		5,875
Accrued investment income		3,248		3,318
Other assets		3,199		2,813
Total assets		92,144		86,118
Liabilities:
Policyholders’ account balances—investment contracts		101,689		99,829
Securities sold under agreements to repurchase		9,241		9,950
Cash collateral for loaned securities		4,728		3,929
Short-term debt		1,490		2,451
Long-term debt		19,151		17,378
Notes issued by consolidated VIEs		426		360
Other liabilities		7,498		6,848
Separate account liabilities—investment contracts		97,099		92,936
Total liabilities		241,322		233,681
Level 1 | Fair Value
Assets:
Fixed maturities, held-to-maturity		0		0
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		0		0
Policy loans		0		0
Other invested assets		0		0
Short-term Investments		1,312		951
Cash and cash equivalents		7,313		4,871
Accrued investment income		0		0
Other assets		144		141
Total assets		8,769		5,963
Liabilities:
Policyholders’ account balances—investment contracts		0		0
Securities sold under agreements to repurchase		0		0
Cash collateral for loaned securities		0		0
Short-term debt		0		0
Long-term debt		1,945		1,734
Notes issued by consolidated VIEs		0		0
Other liabilities		0		0
Separate account liabilities—investment contracts		0		0
Total liabilities		1,945		1,734
Level 2 | Fair Value
Assets:
Fixed maturities, held-to-maturity		2,272		1,468
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		108		109
Policy loans		0		0
Other invested assets		36		40
Short-term Investments		325		25
Cash and cash equivalents		1,449		1,004
Accrued investment income		3,248		3,318
Other assets		2,457		2,189
Total assets		9,895		8,153
Liabilities:
Policyholders’ account balances—investment contracts		32,811		31,422
Securities sold under agreements to repurchase		9,241		9,950
Cash collateral for loaned securities		4,728		3,929
Short-term debt		1,243		1,854
Long-term debt		18,597		15,057
Notes issued by consolidated VIEs		0		0
Other liabilities		6,900		6,338
Separate account liabilities—investment contracts		73,415		66,914
Total liabilities		146,935		135,464
Level 3 | Fair Value
Assets:
Fixed maturities, held-to-maturity		87		904
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		63,846		59,106
Policy loans		12,022		12,016
Other invested assets		0		0
Short-term Investments		0		0
Cash and cash equivalents		0		0
Accrued investment income		0		0
Other assets		600		483
Total assets		76,555		72,509
Liabilities:
Policyholders’ account balances—investment contracts		70,326		67,006
Securities sold under agreements to repurchase		0		0
Cash collateral for loaned securities		0		0
Short-term debt		260		658
Long-term debt		1,166		1,181
Notes issued by consolidated VIEs		426		360
Other liabilities		598		510
Separate account liabilities—investment contracts		23,684		26,022
Total liabilities		96,460		95,737
Prudential Netting Agreement | Fair Value
Assets:
Fixed maturities, held-to-maturity		5,362		4,879
Liabilities:
Long-term debt		9,718		9,095
Prudential Netting Agreement | Carrying Amount
Assets:
Fixed maturities, held-to-maturity		4,914		4,879
Liabilities:
Long-term debt		$ 9,270		$ 9,095
[1]	See Note 4 for details of balances associated with variable interest entities.

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Lessee, Lease, Description [Line Items]
Leases with options to extend	18 years	18 years
Leases with options to terminate		8 years
Operating Lease, Cost	$ 35	$ 104
Short-term Lease, Cost	25	75
Income and Expenses, Lessor [Abstract]
Lease Income	$ 39	$ 139
Less than
Lessee, Lease, Description [Line Items]
Remaining lease terms	1 year	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms	29 years	29 years

Leases (Lessee Right-of-Use Ass

Leases (Lessee Right-of-Use Assets and Lease Liabilities) (Details) $ in Millions	Sep. 30, 2019USD ($)
Operating Lease, Lease Income [Abstract]
Right-of-use assets	$ 524
Lease liabilities	$ 564
Weighted average remaining lease term	6 years
Weighted average discount rate	2.50%

Leases (Maturities of Operating

Leases (Maturities of Operating Lease Liabilities) (Details) $ in Millions	Sep. 30, 2019USD ($)
Leases [Abstract]
2019 (October - December)	$ 40
2020	146
2021	129
2022	92
2023	67
Thereafter	143
Total lease payments	617
Less imputed interest	(53)
Total	$ 564

Closed Block (Narrative) (Detai

Closed Block (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Closed Block Dividend Obligation	$ 6,563	$ 3,150
Accumulated Distributions in Excess of Net Income [Member]
Closed Block Dividend Obligation	2,586	2,252
Net Unrealized Investment Gains (Losses)
Closed Block Dividend Obligation	$ 3,977	$ 899

Closed Block (Closed Block Liab

Closed Block (Closed Block Liabilities and Assets Designated to Closed Block; Maximum Future Earnings to be Recognized) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Closed Block liabilities
Future policy benefits	$ 47,726	$ 48,282
Policyholders’ dividends payable	840	812
Policyholders’ dividend obligation	6,563	3,150
Policyholders’ account balances	4,988	5,061
Other Closed Block liabilities	4,391	3,955
Total Closed Block liabilities	64,508	61,260
Closed Block assets
Fixed maturities, available-for-sale, at fair value	42,078	38,538
Fixed maturities, trading, at fair value	243	195
Equity securities, at fair value	2,064	1,784
Commercial mortgage and other loans	8,484	8,782
Policy loans	4,302	4,410
Other invested assets	3,367	3,316
Short-term investments	323	477
Total investments	60,861	57,502
Cash and cash equivalents	359	467
Accrued investment income	478	466
Other Closed Block assets	133	105
Total Closed Block assets	61,831	58,540
Excess of reported Closed Block liabilities over Closed Block assets	2,677	2,720
Portion of above representing accumulated other comprehensive income (loss):
Net unrealized investment gains (losses)	3,926	857
Allocated to policyholder dividend obligation	(3,977)	(899)
Future earnings to be recognized from Closed Block assets and Closed Block liabilities	$ 2,626	$ 2,678

Closed Block (Information Regar

Closed Block (Information Regarding Policyholder Dividend Obligation) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Movement in Closed Block Dividend Obligation [Roll Forward]
Balance, beginning	$ 3,150
Impact from earnings allocable to policyholder dividend obligation	334
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation	3,079
Balance, ending	$ 6,563

Closed Block (Closed Block Reve

Closed Block (Closed Block Revenues and Benefits and Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues
Premiums	$ 510	$ 528	$ 1,618	$ 1,680
Net investment income	591	562	1,732	1,752
Realized investment gains (losses), net	351	(4)	456	104
Other income (loss)	31	166	356	273
Total Closed Block revenues	1,483	1,252	4,162	3,809
Benefits and Expenses
Policyholders’ benefits	659	676	2,148	2,182
Interest credited to policyholders’ account balances	33	33	97	99
Dividends to policyholders	649	424	1,617	1,240
General and administrative expenses	88	91	266	275
Total Closed Block benefits and expenses	1,429	1,224	4,128	3,796
Closed Block revenues, net of Closed Block benefits and expenses, before income taxes	54	28	34	13
Income tax expense (benefit)	39	12	(14)	(33)
Closed Block revenues, net of Closed Block benefits and expenses and income taxes	$ 15	$ 16	$ 48	$ 46

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Change in Accounting Estimate [Line Items]
Total income tax expense (benefit)	$ 332	$ 184	$ 726	$ 604
Effective Income Tax Rate, Percent			19.40%	16.00%
Federal Statutory Income Tax Rate, Percent			21.00%	21.00%	21.00%	35.00%
Tax Adjustments, Settlements, and Unusual Provisions				$ 40
U.S. Tax Cut and Jobs Act of 2017
Change in Accounting Estimate [Line Items]
Total Provision for Income Tax Expense (Benefit)				144
Industry Issue Resolution
Change in Accounting Estimate [Line Items]
Tax Adjustments, Settlements, and Unusual Provisions				198
Brazil Full Inclusion
Change in Accounting Estimate [Line Items]
Tax Adjustments, Settlements, and Unusual Provisions				$ 51
Secretariat of the Federal Revenue Bureau of Brazil
Change in Accounting Estimate [Line Items]
Effective Income Tax Rate, Percent				45.00%

Short-Term and Long-Term Debt_2

Short-Term and Long-Term Debt (Short-Term Debt) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Short-term Debt [Line Items]
Short-term debt	$ 1,490		$ 2,451
Weighted average interest rate on outstanding short-term debt	1.90%		2.41%
Commercial paper
Short-term Debt [Line Items]
Short-term debt	$ 578		$ 742
Weighted average maturity of outstanding commercial paper, in days	5 days	12 days
Long-term debt
Short-term Debt [Line Items]
Short-term debt	$ 904		1,656
Borrowings due overnight | Commercial paper
Short-term Debt [Line Items]
Short-term debt	250		301
Daily average outstanding | Commercial paper
Short-term Debt [Line Items]
Short-term debt	1,853		1,554
Prudential Financial
Short-term Debt [Line Items]
Short-term debt	677		1,115
Prudential Financial | Commercial paper
Short-term Debt [Line Items]
Short-term debt	25		15
Prudential Funding, LLC | Commercial paper
Short-term Debt [Line Items]
Short-term debt	553		727
Mortgages
Short-term Debt [Line Items]
Short-term debt	0		53
Construction Loan Payable
Short-term Debt [Line Items]
Short-term debt	252		57
Line of Credit
Short-term Debt [Line Items]
Short-term debt	8		0
Senior notes
Short-term Debt [Line Items]
Short-term debt	$ 652		$ 1,100

Short-Term and Long-Term Debt_3

Short-Term and Long-Term Debt (Narrative) (Details) shares in Millions, ¥ in Billions	Aug. 02, 2019USD ($)	Sep. 30, 2019USD ($)Rateshares	Sep. 30, 2019JPY (¥)Rateshares	Mar. 31, 2019USD ($)Rate	Dec. 31, 2018USD ($)	Sep. 30, 2009USD ($)
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		$ 19,151,000,000			$ 17,378,000,000
Debt, Current		1,490,000,000			2,451,000,000
Amounts drawn on credit facilities		0
Line of Credit
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 300,000,000
Line of Credit Facility, Expiration Period		3 years
Assets Under Set-Off Arrangements
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		$ 9,270,000,000			9,095,000,000
Senior notes
Debt Instrument [Line Items]
Debt, Current		652,000,000			1,100,000,000
Increase (decrease) of debt		1,400,000,000
Debt Instrument, Face Amount		1,500,000,000		$ 1,000,000,000
Senior Notes		$ 11,260,000,000
Debt Instrument, Interest Rate, Stated Percentage | Rate		3.70%	3.70%	4.35%
Long-term Debt, Current Maturities		$ 1,100,000,000
Mortgages
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		577,000,000
Increase (decrease) of debt		199,000,000
Extinguishment of Debt, Amount		228,000,000
Foreign exchange fluctuations of debt		6,000,000
Debt Instrument, Face Amount		35,000,000
Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		7,574,000,000			7,568,000,000
Parent Company
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		17,954,000,000			16,141,000,000
Debt, Current		677,000,000			1,115,000,000
Parent Company | Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		7,516,000,000			7,511,000,000
Subsidiaries | Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		58,000,000			$ 57,000,000
Exchangeable Debt
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500,000,000
Common Stock, Other Shares, Outstanding | shares		6.2	6.2
Surplus Notes		$ 1,000
Exhangeable Surplus Notes | Long-term debt
Debt Instrument [Line Items]
Debt Instrument, Face Amount						$ 500,000,000
Debt Instrument, Convertible, Terms of Conversion Feature	12.3877
Debt Instrument, Interest Rate, Stated Percentage						5.36%
Surplus Notes	$ 1,000
Foreign Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Expiration Period		5 years
Line of Credit Facility, Borrowing Capacity, Description		no
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Expiration Period		1 year
Foreign Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity | ¥			¥ 100

Short-Term and Long-Term Debt_4

Short-Term and Long-Term Debt (Long-Term Debt) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 19,151	$ 17,378
Surplus notes | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	342	341
Surplus notes subject to set-off arrangements | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	7,070	6,895
Surplus notes subject to set-off arrangements | Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	2,200	2,200
Senior notes | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	10,582	8,774
Senior notes | Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	29	29
Mortgages
Debt Instrument [Line Items]
Long-term debt	577
Mortgages | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	101	237
Mortgages | Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	224	429
Line of Credit
Debt Instrument [Line Items]
Long-term Line of Credit, Noncurrent	299	0
Junior subordinated notes
Debt Instrument [Line Items]
Long-term debt	7,574	7,568
Subtotal
Debt Instrument [Line Items]
Long-term debt	28,421	26,473
Less: assets under set-off arrangements
Debt Instrument [Line Items]
Long-term debt	9,270	9,095
Debt denominated in foreign currency | Mortgages | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	41	101
Debt denominated in foreign currency | Mortgages | Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	49	206
Prudential Financial
Debt Instrument [Line Items]
Long-term debt	17,954	16,141
Prudential Financial | Junior subordinated notes
Debt Instrument [Line Items]
Long-term debt	7,516	7,511
Subsidiaries | Junior subordinated notes
Debt Instrument [Line Items]
Long-term debt	$ 58	$ 57

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - Other Postretirement Benefits	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Minimum
Defined Benefit Plan Disclosure [Line Items]
Deferred Compensation Arrangement with Individual, Requisite Age		50 years
Deferred Compensation Arrangement with Individual, Requisite Service Period	10 years
Maximum
Defined Benefit Plan Disclosure [Line Items]
Deferred Compensation Arrangement with Individual, Requisite Age		55 years
Deferred Compensation Arrangement with Individual, Requisite Service Period	20 years

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Benefit Cost Included in General and Administrative Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 73	$ 78	$ 218	$ 236
Interest cost	122	112	368	336
Expected return on plan assets	(204)	(204)	(612)	(613)
Amortization of prior service cost	(1)	(1)	(3)	(3)
Amortization of actuarial (gain) loss, net	54	53	162	160
Settlements	4	5	52	5
Special termination benefits	2	0	3	1
Net periodic (benefit) cost	50	43	188	122
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	6	16	18
Interest cost	20	17	59	52
Expected return on plan assets	(24)	(27)	(71)	(81)
Amortization of prior service cost	1	0	3	0
Amortization of actuarial (gain) loss, net	6	4	18	13
Settlements	0	0	0	0
Special termination benefits	0	0	0	0
Net periodic (benefit) cost	$ 8	$ 0	$ 25	$ 2

Equity (Common Stock Changes in

Equity (Common Stock Changes in Number of Shares Issued, Held in Treasury and Outstanding) (Details)	Aug. 02, 2019USD ($)shares	Sep. 30, 2019shares	Sep. 30, 2018shares	Sep. 30, 2019shares	Sep. 30, 2018shares	Sep. 30, 2009USD ($)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning				660,111,339
Balance, ending		666,305,189		666,305,189
Exchangeable surplus notes (in shares)		2,200,000	5,900,000	4,800,000	5,900,000
Issued
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning				660,100,000
Common Stock issued				6,200,000
Common Stock acquired				0
Stock-based compensation programs				0
Balance, ending		666,300,000		666,300,000
Held In Treasury
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning				249,400,000
Common Stock issued				0
Common Stock acquired				21,800,000
Stock-based compensation programs				(3,200,000)
Balance, ending		268,000,000		268,000,000
Outstanding
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning				410,700,000
Common Stock issued				6,200,000
Common Stock acquired				(21,800,000)
Stock-based compensation programs				3,200,000
Balance, ending		398,300,000		398,300,000
Long-term Debt | Exhangeable Surplus Notes
Class of Stock [Line Items]
Debt Instrument, Face Amount | $						$ 500,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exchangeable surplus notes (in shares)	6,200,000
Debt Instrument, Convertible, Conversion Ratio	12.3877
Surplus notes principal amount, for each | $	$ 1,000

Equity (Dividends Declared) (De

Equity (Dividends Declared) (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Equity [Abstract]
Dividends declared per share of Common Stock	$ 1	$ 0.90	$ 3	$ 2.70

Equity (Narrative) (Details)

Equity (Narrative) (Details) - USD ($) shares in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 04, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Cost of Treasury Stock Acquired	$ 1,940,000,000	$ 1,112,000,000
Under December 2018 Board Of Directors Authorization
Class of Stock [Line Items]
Amount of Stock Repurchases Authorized by the Board of Directors				$ 2,000,000,000
Under December 2018 Board Of Directors Authorization | Common Stock
Class of Stock [Line Items]
Number of Treasury Stock Shares Acquired	21.8
Cost of Treasury Stock Acquired	$ 2,000,000,000
Increase Under December 2018 Board Of Directors Authorization
Class of Stock [Line Items]
Amount of Stock Repurchases Authorized by the Board of Directors			$ 2,500,000,000
Stock Repurchase Program, Increase (Decrease) in Authorized Amount			$ 500,000,000

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			$ 10,906
Income tax benefit (expense)	$ (1,051)	$ 843	(4,961)	$ 2,525
Ending balance	27,558		27,558
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(564)	(269)
Change in OCI before reclassifications			(74)	(314)
Amounts reclassified from AOCI			5	1
Income tax benefit (expense)			20	15
Ending balance	(613)	(798)	(613)	(798)
Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			14,745	19,968
Change in OCI before reclassifications			22,759	(10,452)
Amounts reclassified from AOCI			(1,188)	(690)
Income tax benefit (expense)			(4,956)	2,555
Ending balance	31,367	12,816	31,367	12,816
Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(3,275)	(2,625)
Change in OCI before reclassifications			(76)	30
Amounts reclassified from AOCI			180	170
Income tax benefit (expense)			(25)	(45)
Ending balance	(3,196)	(2,868)	(3,196)	(2,868)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			10,906	17,074
Change in OCI before reclassifications			22,609	(10,736)
Amounts reclassified from AOCI			(1,003)	(519)
Income tax benefit (expense)			(4,961)	2,525
Ending balance	27,558	9,150	27,558	9,150
Cash flow hedges | Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			811	(39)
Ending balance	$ 1,584	$ 139	1,584	139
ASU 2016-01 | Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption				0
ASU 2016-01 | Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption				(847)
ASU 2016-01 | Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption				0
ASU 2016-01 | Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption				(847)
ASU 2017-12 | Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption			0
ASU 2017-12 | Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption			7
ASU 2017-12 | Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption			0
ASU 2017-12 | Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption			$ 7
ASU 2018-02 | Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption				(231)
ASU 2018-02 | Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption				2,282
ASU 2018-02 | Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption				(398)
ASU 2018-02 | Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption				$ 1,653

Equity (Reclassifications out o

Equity (Reclassifications out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	$ 853	$ 151	$ (249)	$ 1,261
Other income	320	606	2,217	45
Total foreign currency translation adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			5	1
Net Unrealized Investment Gains (Losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			(1,188)	(690)
Total amortization of defined benefit pension items
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			180	170
Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			(1,003)	(519)
Amounts reclassified from AOCI
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	0	(1)	(5)	(1)
Other income	0	0	0	0
Amortization of defined benefit pension items:
Prior service cost	0	1	0	3
Actuarial gain (loss)	(60)	(57)	(180)	(173)
Amounts reclassified from AOCI | Total foreign currency translation adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	0	(1)	(5)	(1)
Amounts reclassified from AOCI | Net Unrealized Investment Gains (Losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	687	200	1,188	690
Amounts reclassified from AOCI | Total amortization of defined benefit pension items
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(60)	(56)	(180)	(170)
Amounts reclassified from AOCI | Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	627	143	1,003	519
Amounts reclassified from AOCI | Net unrealized investment gains (losses) on available-for-sale securities
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	360	76	689	319
Amounts reclassified from AOCI | Interest Rate | Cash flow hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	57	0	56	2
Amounts reclassified from AOCI | Currency | Cash flow hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	3	2	5	2
Amounts reclassified from AOCI | Currency/Interest rate | Cash flow hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	$ 267	$ 122	$ 438	$ 367

Equity (OTTI Net Unrealized Inv

Equity (OTTI Net Unrealized Investment Gains and Losses in AOCI) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 10,906
Ending balance	27,558
Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	14,745
Ending balance	31,367
OTTI | Net Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	189
Net investment gains (losses) on investments arising during the period	132
Reclassification adjustment for (gains) losses included in net income	(50)
Reclassification adjustment for OTTI losses excluded from net income	(39)
Ending balance	232
OTTI | DAC, DSI, VOBA and Reinsurance Recoverables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(1)
Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables	(1)
Ending balance	(2)
OTTI | Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	4
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances and reinsurance payables	1
Ending balance	5
OTTI | Policyholders’ Dividends
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(23)
Impact of net unrealized investment (gains) losses on policyholders’ dividends	(3)
Ending balance	(26)
OTTI | Deferred Income Tax (Liability) Benefit
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(61)
Net investment gains (losses) on investments arising during the period	(30)
Reclassification adjustment for (gains) losses included in net income	11
Reclassification adjustment for OTTI losses excluded from net income	9
Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables	0
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances and reinsurance payables	0
Impact of net unrealized investment (gains) losses on policyholders’ dividends	1
Ending balance	(70)
OTTI | Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	108
Net investment gains (losses) on investments arising during the period	102
Reclassification adjustment for (gains) losses included in net income	(39)
Reclassification adjustment for OTTI losses excluded from net income	(30)
Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables	(1)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances and reinsurance payables	1
Impact of net unrealized investment (gains) losses on policyholders’ dividends	(2)
Ending balance	$ 139

Equity (All Other Net Unrealize

Equity (All Other Net Unrealized Investment Gains and Losses in AOCI) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 10,906
Ending balance	27,558
Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	14,745	$ 19,968
Ending balance	31,367	$ 12,816
Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) | ASU 2017-12
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption	7
All Other | Net Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	22,531
Net investment gains (losses) on investments arising during the period	28,971
Reclassification adjustment for (gains) losses included in net income	(1,138)
Reclassification adjustment for OTTI losses excluded from net income	39
Ending balance	50,412
All Other | Net Unrealized Gains (Losses) on Investments | ASU 2017-12
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption	9
All Other | DAC, DSI, VOBA and Reinsurance Recoverables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(738)
Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables	(1,035)
Ending balance	(1,773)
All Other | Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(791)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances and reinsurance payables	(2,215)
Ending balance	(3,006)
All Other | Policyholders’ Dividends
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(894)
Impact of net unrealized investment (gains) losses on policyholders’ dividends	(3,093)
Ending balance	(3,987)
All Other | Deferred Income Tax (Liability) Benefit
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(5,471)
Net investment gains (losses) on investments arising during the period	(6,579)
Reclassification adjustment for (gains) losses included in net income	258
Reclassification adjustment for OTTI losses excluded from net income	(9)
Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables	233
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances and reinsurance payables	502
Impact of net unrealized investment (gains) losses on policyholders’ dividends	650
Ending balance	(10,418)
All Other | Deferred Income Tax (Liability) Benefit | ASU 2017-12
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption	(2)
All Other | Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	14,637
Net investment gains (losses) on investments arising during the period	22,392
Reclassification adjustment for (gains) losses included in net income	(880)
Reclassification adjustment for OTTI losses excluded from net income	30
Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables	(802)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances and reinsurance payables	(1,713)
Impact of net unrealized investment (gains) losses on policyholders’ dividends	(2,443)
Ending balance	31,228
All Other | Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) | ASU 2017-12
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulative effect of adoption	$ 7

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation of the Numerators and Denominators of the Basic and Diluted Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Basic earnings per share
Net income (loss)	$ 1,425	$ 738	$ 937	$ 1,675	$ 200	$ 1,364	$ 3,100	$ 3,239
Less: Income (loss) attributable to noncontrolling interests	7			3			42	7
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards	15			19			33	37
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Income	$ 1,403			$ 1,653			$ 3,025	$ 3,195
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Weighted Average Shares	404.1			416.2			406.2	419.2
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Per Share Amount	$ 3.47			$ 3.97			$ 7.45	$ 7.62
Effect of dilutive securities and compensation programs
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic	$ 15			$ 19			$ 33	$ 37
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted	$ 15			$ 19			$ 33	$ 37
Stock options, Weighted Average Shares	1			1.4			1.1	1.6
Deferred and long-term compensation programs, Weighted Average Shares	1.2			1.2			1.1	1.1
Exchangeable Surplus Notes	$ 1			$ 5			$ 12	$ 16
Exchangeable Surplus Notes, Weighted Average Shares	2.2			5.9			4.8	5.9
Diluted earnings per share
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Income	$ 1,404			$ 1,658			$ 3,037	$ 3,211
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Weighted Average Shares	408.5			424.7			413.2	427.8
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Per Share Amount	$ 3.44			$ 3.90			$ 7.35	$ 7.51

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) shares in Millions	Aug. 02, 2019USD ($)shares	Sep. 30, 2019shares	Sep. 30, 2018shares	Sep. 30, 2019shares	Sep. 30, 2018shares	Sep. 30, 2009USD ($)
Debt Instrument [Line Items]
Exchangeable surplus notes (in shares)		2.2	5.9	4.8	5.9
Undistributed earnings allocated to participating unvested share-based payment awards, weighted outstanding shares		4.5	4.8	4.6	4.9
Long-term Debt | Exhangeable Surplus Notes
Debt Instrument [Line Items]
Debt instrument, face amount | $						$ 500,000,000
Surplus notes principal amount, for each | $	$ 1,000
Interest rate						5.36%
Debt Instrument, Convertible, Conversion Ratio	12.3877
Exchangeable surplus notes (in shares)	6.2

Earnings Per Share (Antidilutiv

Earnings Per Share (Antidilutive Securities Excluded From the Computation of Diluted Earnings Per Share) (Details) - $ / shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	1.4	0.8	1.2	0.6
Antidilutive stock options based on application of the treasury stock method
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	1.4	0.8	1.2	0.6
Antidilutive securities excluded from computation of earnings, Exercise Price Per Share	$ 101.57	$ 108.60	$ 103.35	$ 108.46
Antidilutive stock options due to net loss available to holders of Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	0	0	0	0
Antidilutive shares based on application of the treasury stock method
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	0	0	0	0
Antidilutive shares due to net loss available to holders of Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	0	0	0	0

Segment Information (Narrative)

Segment Information (Narrative) (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2019segmentdivision	Sep. 30, 2019segmentdivision
Segment Reporting [Abstract]
Number of operating divisions | division	5	5
Number of reportable segments | segment	7	7

Segment Information (Reconcilia

Segment Information (Reconciliation of Adjusted Operating Income and Net Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	$ 1,725	$ 1,838	$ 3,741	$ 3,781
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	1,652	1,668	4,910	5,050
Operating Segments | Total PGIM division
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	232	230	710	716
Operating Segments | Total PGIM division | PGIM
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	232	230	710	716
Operating Segments | Total U.S. Workplace Solutions division
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	392	298	1,244	1,029
Operating Segments | Total U.S. Workplace Solutions division | Retirement
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	302	239	1,020	833
Operating Segments | Total U.S. Workplace Solutions division | Group Insurance
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	90	59	224	196
Operating Segments | Total U.S. Individual Solutions division
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	518	624	1,422	1,729
Operating Segments | Total U.S. Individual Solutions division | Individual Annuities
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	459	454	1,393	1,480
Operating Segments | Total U.S. Individual Solutions division | Individual Life
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	59	170	29	249
Operating Segments | Total International Insurance division
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	791	890	2,562	2,530
Operating Segments | Total International Insurance division | International Insurance
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	791	890	2,562	2,530
Operating Segments | Total Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(281)	(374)	(1,028)	(954)
Operating Segments | Total Corporate and Other | Corporate and Other operations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(281)	(374)	(1,028)	(954)
Segment Reconciling Items | Realized investment gains (losses), net, and related adjustments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	382	271	(829)	751
Segment Reconciling Items | Charges related to realized investment gains (losses), net
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(92)	(94)	(149)	(233)
Segment Reconciling Items | Market experience updates
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(314)	0	(522)	0
Segment Reconciling Items | Investment gains (losses) on assets supporting experience-rated contractholder liabilities, net
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	91	10	832	(586)
Segment Reconciling Items | Change in experience-rated contractholder liabilities due to asset value changes
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(160)	(21)	(876)	482
Segment Reconciling Items | Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(34)	(26)	(71)	(75)
Segment Reconciling Items | Closed Block division
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	45	18	5	(22)
Segment Reconciling Items | Other Divested and Run-off businesses
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	$ 155	$ 12	$ 441	$ (1,586)

Segment Information (Reconcil_2

Segment Information (Reconciliation of Select Financial Information) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenues	$ 15,105	$ 16,148	$ 45,584	$ 44,560
Total Assets	885,626		885,626		$ 815,078
Operating Segments
Segment Reporting Information [Line Items]
Revenues	12,928	14,432	40,682	40,350
Operating Segments | Total PGIM division
Segment Reporting Information [Line Items]
Revenues	855	817	2,651	2,459
Total Assets	46,721		46,721		47,690
Operating Segments | Total PGIM division | PGIM
Segment Reporting Information [Line Items]
Revenues	855	817	2,651	2,459
Total Assets	46,721		46,721		47,690
Operating Segments | Total U.S. Workplace Solutions division
Segment Reporting Information [Line Items]
Revenues	3,699	5,633	12,826	13,550
Total Assets	232,844		232,844		217,252
Operating Segments | Total U.S. Workplace Solutions division | Retirement
Segment Reporting Information [Line Items]
Revenues	2,261	4,203	8,486	9,280
Total Assets	189,188		189,188		175,525
Operating Segments | Total U.S. Workplace Solutions division | Group Insurance
Segment Reporting Information [Line Items]
Revenues	1,438	1,430	4,340	4,270
Total Assets	43,656		43,656		41,727
Operating Segments | Total U.S. Individual Solutions division
Segment Reporting Information [Line Items]
Revenues	2,780	2,678	8,293	8,072
Total Assets	281,449		281,449		251,638
Operating Segments | Total U.S. Individual Solutions division | Individual Annuities
Segment Reporting Information [Line Items]
Revenues	1,251	1,224	3,774	3,742
Total Assets	187,519		187,519		167,899
Operating Segments | Total U.S. Individual Solutions division | Individual Life
Segment Reporting Information [Line Items]
Revenues	1,529	1,454	4,519	4,330
Total Assets	93,930		93,930		83,739
Operating Segments | Total International Insurance division
Segment Reporting Information [Line Items]
Revenues	5,771	5,490	17,424	16,818
Total Assets	240,535		240,535		222,633
Operating Segments | Total International Insurance division | International Insurance
Segment Reporting Information [Line Items]
Revenues	5,771	5,490	17,424	16,818
Total Assets	240,535		240,535		222,633
Operating Segments | Total Corporate and Other
Segment Reporting Information [Line Items]
Revenues	(177)	(186)	(512)	(549)
Total Assets	21,739		21,739		16,826
Operating Segments | Total Corporate and Other | Corporate and Other operations
Segment Reporting Information [Line Items]
Revenues	(177)	(186)	(512)	(549)
Total Assets	21,739		21,739		16,826
Operating Segments | Total Closed Block division
Segment Reporting Information [Line Items]
Total Assets	62,338		62,338		59,039
Operating Segments | Total Closed Block division | Closed Block division
Segment Reporting Information [Line Items]
Total Assets	62,338		62,338		$ 59,039
Segment Reconciling Items | Realized investment gains (losses), net, and related adjustments
Segment Reporting Information [Line Items]
Revenues	382	271	(829)	751
Segment Reconciling Items | Charges related to realized investment gains (losses), net
Segment Reporting Information [Line Items]
Revenues	(62)	(60)	(188)	(223)
Segment Reconciling Items | Market experience updates
Segment Reporting Information [Line Items]
Revenues	(65)	0	(72)	0
Segment Reconciling Items | Investment gains (losses) on assets supporting experience-rated contractholder liabilities, net
Segment Reporting Information [Line Items]
Revenues	91	10	832	(586)
Segment Reconciling Items | Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests
Segment Reporting Information [Line Items]
Revenues	(40)	(30)	(111)	(83)
Segment Reconciling Items | Closed Block division
Segment Reporting Information [Line Items]
Revenues	1,482	1,249	4,157	3,800
Segment Reconciling Items | Other Divested and Run-off businesses
Segment Reporting Information [Line Items]
Revenues	389	276	1,113	551
Intersegment Eliminations | Total PGIM division | PGIM
Segment Reporting Information [Line Items]
Revenues	$ 197	$ 183	$ 571	$ 552

Segment Information Segment Inf

Segment Information Segment Information (Asset Management and Service Fees) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Asset management and service fees	$ 1,038	$ 1,037	$ 3,137	$ 3,073
Asset-based management fees
Asset management and service fees	881	876	2,596	2,593
Performance-based incentive fees
Asset management and service fees	10	10	108	21
Other fees
Asset management and service fees	$ 147	$ 151	$ 433	$ 459

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Commitments and Contingent Liabilities [Line Items]
Fair value of collateral supporting these assets	$ 1,034	$ 614
Commitments | Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Total outstanding mortgage loan commitments	2,026	3,299
Portion of commitment where prearrangement to sell to investor exists	693	1,490
Expected to be funded from the GA and other operations outside the SA
Commitments and Contingent Liabilities [Line Items]
Commitments to Purchase Investment (excluding Commercial Mortgage Loans)	6,525	6,941
Expected to be funded from separate accounts
Commitments and Contingent Liabilities [Line Items]
Commitments to Purchase Investment (excluding Commercial Mortgage Loans)	32	147
Indemnifications | Securities Lending and Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Indemnification provided to certain clients for securities lending and securities repurchase transactions	5,824	5,399
Fair value of related collateral associated with above indemnifications	5,957	5,503
Accrued liability associated with guarantee	0	0
Indemnifications | Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Indemnification provided to certain clients for securities lending and securities repurchase transactions	64
Fair value of related collateral associated with above indemnifications	63
Indemnifications | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Maximum exposure under indemnification agreements for mortgage loans serviced by the Company	2,072	1,828
First-loss exposure portion of above	610	543
Accrued liability associated with guarantee	19	17
Guarantees of Asset Values
Commitments and Contingent Liabilities [Line Items]
Guaranteed value of third-parties’ assets	80,102	79,215
Fair value of collateral supporting these assets	82,037	77,897
Asset (liability) associated with guarantee, carried at fair value	1	2
Other Guarantees
Commitments and Contingent Liabilities [Line Items]
Other guarantees where amount can be determined	68	77
Accrued liability associated with guarantee	$ 0	$ 0

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Narrative Excluding Litigation) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Indemnifications | Securities Lending Transactions
Commitments and Contingent Liabilities [Line Items]
Guarantor Obligations, Liquidation Proceeds, Percentage	102.00%
Indemnifications | Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Guarantor Obligations, Liquidation Proceeds, Percentage	95.00%
Indemnifications | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Mortgages subject to loss-sharing arrangements	$ 16,370		$ 14,335
Weighted-average debt service coverage ratio of mortgages subject to loss-sharing arrangements	1.80		1.83
Weighted-average loan-to-value ratio of mortgages subject to loss-sharing arrangements	61.00%		62.00%
Losses related to indemnifications that were settled	$ 0	$ 0
Indemnifications | Minimum | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Percentage share of losses incurred on certain loans serviced	2.00%
Indemnifications | Maximum | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Percentage share of losses incurred on certain loans serviced	20.00%
Yield Maintenance Guarantee
Commitments and Contingent Liabilities [Line Items]
Guarantees related to certain investments the Company sold	$ 12		$ 13

Commitments and Contingent Li_5

Commitments and Contingent Liabilities (Litigation Narrative) (Details) $ in Millions	3 Months Ended
	Sep. 30, 2019USD ($)
Loss Contingencies [Line Items]
Estimate of possible losses in excess of accruals (less than) for litigation and regulatory matters	$ 250
Settled litigation
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party	5
Disgorgement ruling
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party	$ 27.6

Subsequent Events (Narratives)

Subsequent Events (Narratives) (Details) - USD ($)	1 Months Ended	3 Months Ended						9 Months Ended		36 Months Ended
	Oct. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2022	Sep. 04, 2019
Subsequent Event [Line Items]
Variable profit		$ 1,425,000,000	$ 738,000,000	$ 937,000,000	$ 1,675,000,000	$ 200,000,000	$ 1,364,000,000	$ 3,100,000,000	$ 3,239,000,000
Share price average (USD per share)											$ 83.71
Acquisition of Assurance | Subsequent Event
Subsequent Event [Line Items]
Acquisition consideration paid at closing	$ 1,800,000,000
Equity interest transferred	500,000,000
Contingent consideration, liability	$ 1,150,000,000
Acquisition of Assurance | Subsequent Event | Cash
Subsequent Event [Line Items]
Contingent consideration percentage, liability	25.00%
Acquisition of Assurance | Subsequent Event | Common Stock
Subsequent Event [Line Items]
Contingent consideration percentage, liability	75.00%
Condition One | Acquisition of Assurance | Subsequent Event
Subsequent Event [Line Items]
Variable profit										$ 900,000,000
Condition Four - Quotient - Numerator | Acquisition of Assurance | Subsequent Event
Subsequent Event [Line Items]
Variable profit										900,000,000
Condition Four - Quotient - Denominator | Acquisition of Assurance | Subsequent Event
Subsequent Event [Line Items]
Consideration payable	$ 400,000,000
Condition Four - Multiplier | Acquisition of Assurance | Subsequent Event
Subsequent Event [Line Items]
Consideration payable	1,150,000,000
Minimum | Condition One | Acquisition of Assurance | Subsequent Event
Subsequent Event [Line Items]
Consideration payable	0
Minimum | Condition Two | Acquisition of Assurance | Subsequent Event
Subsequent Event [Line Items]
Variable profit										1,300,000,000
Minimum | Condition Three | Acquisition of Assurance | Subsequent Event
Subsequent Event [Line Items]
Variable profit										900,000,000
Maximum | Condition Two | Acquisition of Assurance | Subsequent Event
Subsequent Event [Line Items]
Consideration payable	$ 1,150,000,000
Maximum | Condition Three | Acquisition of Assurance | Subsequent Event
Subsequent Event [Line Items]
Variable profit										$ 1,300,000,000

Uncategorized Items - form10q-3

Label	Element	Value
Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (14,000,000)	[1]
AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	7,000,000	[1]
Accounting Standards Update 2016-01 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	57,000,000
Accounting Standards Update 2016-01 [Member] | Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	57,000,000
Accounting Standards Update 2016-01 [Member] | AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(847,000,000)
Accounting Standards Update 2016-01 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	904,000,000
Accounting Standard Update 2018-02 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	0
Accounting Standard Update 2018-02 [Member] | Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	0
Accounting Standard Update 2018-02 [Member] | AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	1,653,000,000
Accounting Standard Update 2018-02 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (1,653,000,000)
[1]	Includes the impact from the adoption of ASU 2017-08 and 2017-12. See Note 2.