Prudential Financial, Inc. 5.62 (PRS) 10-Q 5 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares shares in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Oct. 31, 2020
Document Information [Line Items]
Document Type		10-Q
Document Period End Date		Sep. 30, 2020
Amendment Flag		false
Document Quarterly Report		true
Document Fiscal Year Focus		2020
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			396
Common Class A
Document Information [Line Items]
Title of 12(b) Security		Common Stock, Par Value $.01
Trading Symbol		PRU
Security Exchange Name		NYSE
5.625% Junior Subordinated Notes
Document Information [Line Items]
Title of 12(b) Security		5.625% Junior Subordinated Notes
Trading Symbol		PRS
Security Exchange Name		NYSE
4.125% Junior Subordinated Notes
Document Information [Line Items]
Title of 12(b) Security		4.125% Junior Subordinated Notes
Trading Symbol		PFH
Security Exchange Name		NYSE

Unaudited Interim Consolidated

Unaudited Interim Consolidated Statements of Financial Position - USD ($) $ in Millions		Sep. 30, 2020		Dec. 31, 2019
ASSETS
Fixed maturities, available-for-sale, at fair value (amortized cost: 2020-$346,511; 2019-$346,574; 2020-net of $152 allowance for credit losses)	[1]	$ 400,816		$ 391,096
Fixed maturities, held-to-maturity, at amortized cost (2020-net of $9 allowance for credit losses; fair value: 2020-$2,264; 2019-$2,302)	[1]	1,901	[2]	1,933
Fixed maturities, trading, at fair value (amortized cost: 2020-$4,353: 2019-$3,917)	[1]	4,371		3,884
Assets supporting experience-rated contractholder liabilities, at fair value	[1]	23,961		21,597
Equity securities, at fair value (cost: 2020-$5,395; 2019-$5,560)	[1]	7,025		7,522
Commercial mortgage and other loans (net of $235 and $121 allowance for credit losses; includes $915 and $228 of loans measured at fair value under the fair value option at September 30, 2020 and December 31, 2019, respectively)	[1]	64,541	[2]	63,559
Policy loans		11,502		12,096
Other invested assets (2020-net of $2 allowance for credit losses; includes $5,949 and $5,646 of assets measured at fair value at September 30, 2020 and December 31, 2019, respectively)	[1]	16,921	[2]	15,606
Short-term investments (2020-net of $1 allowance for credit losses)		10,015		5,467
Total investments		541,053		522,760
Cash and cash equivalents	[1]	20,658		16,327
Accrued investment income	[1]	3,129		3,330
Deferred policy acquisition costs		18,599	[2]	19,912
Value of business acquired		1,131		1,110
Other assets (2020-net of $9 allowance for credit losses)	[1]	21,536	[2]	20,832
Separate account assets		305,483		312,281
TOTAL ASSETS		911,589		896,552
LIABILITIES
Future policy benefits		303,733		293,527
Policyholders’ account balances		159,346		152,110
Policyholders’ dividends		8,978	[2]	6,988
Securities sold under agreements to repurchase		10,874		9,681
Cash collateral for loaned securities		3,071		4,213
Income taxes		12,111	[2]	11,378
Short-term debt		1,113		1,933
Long-term debt		20,169		18,646
Other liabilities (2020-net of $19 allowance for credit losses)	[1]	18,579	[2]	20,802
Separate account liabilities		305,483		312,281
Total liabilities		844,699		832,833
COMMITMENTS AND CONTINGENT LIABILITIES
EQUITY
Preferred Stock ($.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 shares issued as of both September 30, 2020 and December 31, 2019)		6		6
Additional paid-in capital		25,563		25,532
Common Stock held in treasury, at cost (270,873,244 and 267,472,781 shares at September 30, 2020 and December 31, 2019, respectively)		(19,725)		(19,453)
Accumulated other comprehensive income (loss)		30,001		24,039
Retained earnings		30,372		32,991
Total Prudential Financial, Inc. equity		66,217		63,115
Noncontrolling interests		673		604
Total equity		66,890		63,719
TOTAL LIABILITIES AND EQUITY		911,589		896,552
Additional Paid-in Capital
EQUITY
Total equity		25,563		25,532
Consolidated VIEs for Which the Company is the Investment Manager
ASSETS
TOTAL ASSETS		5,365		5,048
LIABILITIES
Total liabilities		1,533		1,578
Notes Issued by Consolidated VIEs | Consolidated VIEs for Which the Company is the Investment Manager
LIABILITIES
Total liabilities	[1]	$ 1,242		$ 1,274
[1]	See Note 4 for details of balances associated with variable interest entities.
[2]	September 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.

Unaudited Interim Consolidate_2

Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Millions		Sep. 30, 2020		Dec. 31, 2019
Fixed Maturities, AFS, amortized cost		$ 346,511		$ 346,574
Fixed Maturities, AFS, allowance for credit losses		152
Fixed Maturities, HTM, at fair value		2,264		2,302
Fixed Maturities, HTM, allowance for credit losses		9
Fixed Maturities, Trading, amortized cost		4,353		3,917
Equity Securities, AFS, amortized cost		5,395		5,560
Short-term investments (2020-net of $1 allowance for credit losses)		10,015		5,467
Commercial mortgage and other loans	[1]	64,541	[2]	63,559
Commercial mortgage and other loans, allowance for credit losses		235		121
Other invested assets, at fair value		5,949		5,646
Other invested assets, allowance for credit losses	[1]	16,921	[2]	15,606
Notes issued by consolidated VIEs		844,699		832,833
Other liabilities, allowance for credit losses	[1]	$ 18,579	[2]	$ 20,802
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		666,305,189
Treasury Stock, Shares		270,873,244		267,472,781
ASU 2016-13
Short-term investments (2020-net of $1 allowance for credit losses)		$ 1
Fair value option
Commercial mortgage and other loans		915		$ 228
Notes issued by consolidated VIEs		775		$ 800
Leveraged lease loans
Other invested assets, allowance for credit losses		2
ASU 2016-13
Other assets, allowance for credit losses		9
Other liabilities, allowance for credit losses		$ 19
[1]	See Note 4 for details of balances associated with variable interest entities.
[2]	September 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.

Unaudited Interim Consolidate_3

Unaudited Interim Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
REVENUES
Premiums	$ 7,482	$ 6,937	$ 22,839	$ 22,972
Policy charges and fee income	1,464	1,519	4,476	4,463
Net investment income	4,446	4,438	12,834	13,044
Asset management and service fees	1,120	1,038	3,144	3,137
Other income (loss)	992	320	(125)	2,217
Realized investment gains (losses), net	(79)	853	(2,164)	(249)
Total revenues	15,425	15,105	41,004	45,584
BENEFITS AND EXPENSES
Policyholders' benefits	8,312	7,722	25,768	25,037
Interest credited to policyholders' account balances	1,151	1,106	3,375	3,729
Dividends to policyholders	554	667	1,008	1,681
Amortization of deferred policy acquisition costs	638	591	1,882	1,808
General and administrative expenses	3,323	3,294	10,194	9,588
Total benefits and expenses	13,978	13,380	42,227	41,843
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	1,447	1,725	(1,223)	3,741
Total income tax expense (benefit)	(50)	332	7	726
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	1,497	1,393	(1,230)	3,015
Equity in earnings of operating joint ventures, net of taxes	10	32	62	85
NET INCOME (LOSS)	1,507	1,425	(1,168)	3,100
Less: Income (loss) attributable to noncontrolling interests	20	7	25	42
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.	$ 1,487	$ 1,418	$ (1,193)	$ 3,058
Basic earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 3.72	$ 3.47	$ (3.06)	$ 7.45
Diluted earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 3.70	$ 3.44	$ (3.06)	$ 7.35

Unaudited Interim Consolidate_4

Unaudited Interim Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
NET INCOME (LOSS)	$ 1,507	$ 1,425	$ (1,168)	$ 3,100
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments for the period	329	(174)	122	(66)
Net unrealized investment gains (losses)	(1,853)	4,776	6,894	21,571
Defined benefit pension and postretirement unrecognized periodic benefit (cost)	74	23	218	104
Total	(1,450)	4,625	7,234	21,609
Less: Income tax expense (benefit) related to other comprehensive income (loss)	(620)	1,051	1,265	4,961
Other comprehensive income (loss), net of taxes	(830)	3,574	5,969	16,648
Comprehensive income (loss)	677	4,999	4,801	19,748
Less: Comprehensive income (loss) attributable to noncontrolling interests	26	5	32	45
Comprehensive income (loss) attributable to Prudential Financial, Inc.	$ 651	$ 4,994	$ 4,769	$ 19,703

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	Common Stock Held in TreasuryCommon Stock	Accumulated Other Comprehensive Income (Loss)	Total Prudential Financial, Inc. Equity	Noncontrolling Interests	Cumulative effect of adoption of accounting changes		Cumulative effect of adoption of accounting changesRetained Earnings		Cumulative effect of adoption of accounting changesAccumulated Other Comprehensive Income (Loss)	[1]	Cumulative effect of adoption of accounting changesTotal Prudential Financial, Inc. Equity
Balance at Dec. 31, 2018	$ 49,031	$ 6	$ 24,828	$ 30,470		$ (17,593)	$ 10,906	$ 48,617	$ 414	$ (14)	[1]	$ (21)	[1]	$ 7		$ (14)	[1]
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)
Total 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	(14)	[1]	(21)	[1]	$ 7		(14)	[1]
Comprehensive income:
Net income (loss)	3,100
Other comprehensive income (loss), net of tax	16,648
Total 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)
Consolidations (deconsolidations) of noncontrolling interests	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
Total 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)
Total 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
Balance at Dec. 31, 2019	63,719	6	25,532	32,991		(19,453)	24,039	63,115	604	(99)	[2]	(99)	[2]			(99)	[2]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(500)					(500)		(500)
Contributions from noncontrolling interests	31								31
Distributions to noncontrolling interests	(11)								(11)
Stock-based compensation programs	86		(26)			112		86
Dividends declared on Common Stock	(445)			(445)				(445)
Comprehensive income:
Net income (loss)	(270)			(271)				(271)	1
Other comprehensive income (loss), net of tax	(1,439)						(1,439)	(1,439)	0
Total comprehensive income (loss)	(1,709)							(1,710)	1
Balance at Mar. 31, 2020	61,072	6	25,506	32,176		(19,841)	22,600	60,447	625
Balance at Dec. 31, 2019	63,719	6	25,532	32,991		(19,453)	24,039	63,115	604	$ (99)	[2]	$ (99)	[2]			$ (99)	[2]
Comprehensive income:
Net income (loss)	(1,168)
Other comprehensive income (loss), net of tax	5,969
Total comprehensive income (loss)	4,801
Balance at Sep. 30, 2020	66,890	6	25,563	30,372	(19,725)		30,001	66,217	673
Balance at Mar. 31, 2020	61,072	6	25,506	32,176		(19,841)	22,600	60,447	625
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributions from noncontrolling interests	4								4
Distributions to noncontrolling interests	(23)								(23)
Stock-based compensation programs	63		7			56		63
Dividends declared on Common Stock	(441)			(441)				(441)
Comprehensive income:
Net income (loss)	(2,405)			(2,409)				(2,409)	4
Other comprehensive income (loss), net of tax	8,238						8,237	8,237	1
Total comprehensive income (loss)	5,833							5,828	5
Balance at Jun. 30, 2020	66,508	6	25,513	29,326		$ (19,785)	30,837	65,897	611
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributions from noncontrolling interests	50								50
Distributions to noncontrolling interests	(14)								(14)
Consolidations (deconsolidations) of noncontrolling interests	0								0
Stock-based compensation programs	110		50		60			110
Dividends declared on Common Stock	(441)			(441)				(441)
Comprehensive income:
Net income (loss)	1,507			1,487				1,487	20
Other comprehensive income (loss), net of tax	(830)						(836)	(836)	6
Total comprehensive income (loss)	677							651	26
Balance at Sep. 30, 2020	$ 66,890	$ 6	$ 25,563	$ 30,372	$ (19,725)		$ 30,001	$ 66,217	$ 673
[1]	Includes the impact from the adoption of ASU 2017-08 and 2017-12. 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, 2019 for additional information.
[2]	Includes the impact from the adoption of ASU 2016-13. See Note 2.

Unaudited Interim Consolidate_6

Unaudited Interim Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020		Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (1,168)		$ 3,100
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment (gains) losses, net	2,164		249
Policy charges and fee income	(1,995)		(2,117)
Interest credited to policyholders’ account balances	3,375		3,729
Depreciation and amortization	448		352
(Gains) losses on assets supporting experience-rated contractholder liabilities, net	(393)		(832)
Change in:
Deferred policy acquisition costs	(206)		(414)
Future policy benefits and other insurance liabilities	7,656		7,718
Income taxes	(331)		(245)
Derivatives, net	6,477		5,225
Other, net	(3,146)		(1,125)
Cash flows from (used in) operating activities	12,881		15,640
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	31,989		38,356
Fixed maturities, held-to-maturity	76		84
Fixed maturities, trading	444		284
Assets supporting experience-rated contractholder liabilities	22,534		11,631
Equity securities	1,974		2,087
Commercial mortgage and other loans	3,629		4,483
Policy loans	1,862		1,717
Other invested assets	1,376		1,074
Short-term investments	35,401		27,675
Payments for the purchase/origination of:
Fixed maturities, available-for-sale	(39,692)		(48,162)
Fixed maturities, trading	(869)		(733)
Assets supporting experience-rated contractholder liabilities	(24,390)		(11,731)
Equity securities	(2,025)		(2,094)
Commercial mortgage and other loans	(3,913)		(6,807)
Policy loans	(1,700)		(1,440)
Other invested assets	(2,089)		(1,667)
Short-term investments	(40,009)		(28,704)
Dispositions, net of cash disposed	1,454		0
Derivatives, net	434		1,170
Other, net	(225)		(339)
Cash flows from (used in) investing activities	(13,739)		(13,116)
CASH FLOWS FROM FINANCING ACTIVITIES
Policyholders’ account deposits	33,268		21,140
Policyholders’ account withdrawals	(26,944)		(19,734)
Net change in securities sold under agreements to repurchase and cash collateral for loaned securities	50		89
Cash dividends paid on Common Stock	(1,325)		(1,237)
Net change in financing arrangements (maturities 90 days or less)	(56)		(33)
Common Stock acquired	(500)		(1,940)
Common Stock reissued for exercise of stock options	106		107
Proceeds from the issuance of debt (maturities longer than 90 days)	2,948		2,923
Repayments of debt (maturities longer than 90 days)	(2,113)		(1,338)
Proceeds from notes issued by consolidated VIEs	0		925
Repayments of notes issued by consolidated VIEs	(19)		(638)
Other, net	(349)		94
Cash flows from (used in) financing activities	5,066		358
Effect of foreign exchange rate changes on cash balances	122		56
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS	4,330		2,938
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, BEGINNING OF YEAR	16,474		15,495
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, END OF PERIOD	20,804		18,433
NON-CASH TRANSACTIONS DURING THE PERIOD
Treasury Stock shares issued for stock-based compensation programs	147		174
Conversion of surplus notes into Common Stock	0		502
RECONCILIATION TO THE UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Cash and cash equivalents	20,658	[1]	18,289
Restricted cash and restricted cash equivalents (included in “Other assets”)	146		144
Total cash, cash equivalents, restricted cash and restricted cash equivalents	20,804		18,433
Pension Risk Transfer
NON-CASH TRANSACTIONS DURING THE PERIOD
Assets Received, excluding cash and cash equivalents	317		445
Liabilities Assumed	584		447
Net cash received	$ 267		$ 2
[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, 2020
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 PGIM (the Company’s global investment management business), the U.S. Businesses (consisting of the U.S. Workplace Solutions, U.S. Individual Solutions, and Assurance IQ divisions), the International Businesses, the Closed Block division, and the Company’s Corporate and Other operations. The U.S. Workplace Solutions division consists of the Retirement and Group Insurance businesses, the U.S. Individual Solutions division consists of the Individual Annuities and Individual Life businesses, and the Assurance IQ division consists of the Assurance IQ business. In October 2019, the Company completed the acquisition of Assurance IQ, LLC (“Assurance IQ”), a leading consumer solutions platform that offers a range of solutions that help meet consumers’ financial needs. 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. 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 generally accepted accounting principles in the United States of America (“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”). The Unaudited Interim Consolidated Financial Statements include the accounts of Prudential Financial, entities over which the Company exercises control, including majority-owned subsidiaries and minority-owned entities such as limited partnerships in which the Company is the general partner and variable interest entities (“VIEs”) in which the Company is considered the primary beneficiary. See Note 4 for additional information on the Company’s consolidated variable interest entities. Intercompany balances and transactions have been eliminated. 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, 2019. 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; policyholders’ account balances related to the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and fixed annuity products; 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, measurement of allowance for credit losses, and 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. COVID-19 Beginning in the first quarter of 2020, the outbreak of the novel coronavirus (“COVID-19”) has resulted in extreme stress and disruption in the global economy and financial markets, and has adversely impacted, and may continue to adversely impact, our results of operations, financial condition and cash flows. Due to the highly uncertain nature of these conditions, it is not possible to estimate the ultimate impacts at this time. The risks may have manifested, and may continue to manifest, in our financial statements in the areas of, among others, i) investments: increased risk of loss on our investments due to default or deterioration in credit quality or value; ii) insurance liabilities and related balances: potential changes to assumptions regarding investment returns, mortality, morbidity and policyholder behavior which are reflected in our insurance liabilities and certain related balances (e.g., DAC, VOBA, etc.); and iii) goodwill: the macroeconomic environment may also result in the need to recognize an impairment of goodwill which could negatively impact our results of operations and financial condition. We cannot predict what impact the COVID-19 pandemic will ultimately have on the global economy, markets or our businesses. Business Dispositions The Prudential Life Insurance Company of Korea, Ltd. On August 31, 2020, Prudential International Insurance Holdings, Ltd. (“PIIH”), a subsidiary of Prudential Financial, successfully completed the sale of The Prudential Life Insurance Company of Korea, Ltd. (“POK”) to KB Financial Group Inc., for cash consideration of approximately 2.3 trillion Korean Won, equal to approximately U.S. $1.9 billion. The after-tax loss on the sale of POK was approximately $800 million, including approximately $700 million of which was recorded during the second quarter of 2020 at the time the Company reported its investment in POK as “held for sale”, and approximately $100 million of which was recognized in the third quarter of 2020 reflective of final balances at the completion of the sale. Prudential Life Insurance Company of Taiwan Inc. On August 11, 2020, PIIH entered into a Share Purchase Agreement (the “Share Purchase Agreement”) with Taishin Financial Holding Co, Ltd. (the “Buyer”), pursuant to which PIIH has agreed to sell to the Buyer all of the issued and outstanding capital stock of Prudential Life Insurance Company of Taiwan Inc. (“POT”), the Company’s insurance business in Taiwan, for cash consideration of approximately 5.5 billion New Taiwan Dollars, equal to approximately U.S. $190 million at then current exchange rates, to be paid at closing, and contingent consideration with a fair value of approximately $26 million as of September 30, 2020. The fair value of the contingent consideration is tied to the level of yields for the 10-year Taiwanese Government bond two years after the signing of the transaction and can result in a maximum payout of $100 million if yields increase by 40 basis points. The Share Purchase Agreement contains customary warranties and covenants of PIIH and the Buyer. The Company expects the transaction to close in 2021, subject to regulatory approval and the satisfaction of customary closing conditions. In the third quarter of 2020, the Company is reporting its investment in POT as “held for sale” and recognized an estimated $300 million after-tax charge to earnings to adjust the carrying value of POT to the fair market value reflected in the purchase price. The ultimate after-tax loss will be based on balances at the closing date and could vary materially from the charge recorded in the third quarter. The Company intends to use the proceeds of the transaction for general corporate purposes. 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, 2020
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 (“ASUs”) to the FASB Accounting Standards Codification (“ASC”). The Company considers the applicability and impact of all ASUs. ASUs 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 September 30, 2020, and as of the date of this filing. ASUs not listed below were assessed and determined to be either not applicable or not material. Adoption of ASU 2016-13 The Company adopted ASU 2016-13, and related ASUs, effective January 1, 2020 using the modified retrospective method for certain financial assets carried at amortized cost and certain off-balance sheet exposures. The modified retrospective method results in a cumulative effect adjustment to opening retained earnings. The Company adopted the guidance related to fixed maturities, available-for-sale on a prospective basis. This ASU requires the use of a new current expected credit loss (“CECL”) model to account for expected credit losses on certain financial assets reported at amortized cost (e.g., loans held for investment, fixed maturities held-to-maturity, reinsurance receivables, etc.) and certain off-balance sheet credit exposures (e.g., indemnification of serviced mortgage loans and certain loan commitments). The guidance requires an entity to estimate lifetime credit losses related to such financial assets and credit exposures based on relevant information about past events, current conditions, and reasonable and supportable forecasts that may affect the collectability of the reported amounts. The standard also modifies the OTTI guidance for fixed maturities, available-for-sale requiring the use of an allowance rather than a direct write-down of the investment. The impacts of this ASU on the Company’s Consolidated Financial Statements primarily include (1) A Cumulative Effect Adjustment Upon Adoption; (2) Changes to the Presentation of the Consolidated Statements of Financial Position and Consolidated Statements of Operations; and (3) Changes to Accounting Policies. Each of these impacts is described below. This section is meant to serve as an update to, and should be read in conjunction with, Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. (1) Cumulative Effect Adjustment Upon Adoption Summary of Transition Impact on the Consolidated Statements of Financial Position Upon Adoption on January 1, 2020 Increase/(Decrease) (in millions) Fixed maturities, held-to-maturity $ (9) Commercial mortgage and other loans (115) Other invested assets (1) Deferred policy acquisition costs 9 Other assets (6) Total assets $ (122) Policyholders' dividends $ (14) Other liabilities 21 Income taxes (30) Total liabilities (23) Retained earnings (99) Total equity (99) Total liabilities and equity $ (122) The prospective adoption of the portions of the standard related to fixed maturities, available-for-sale resulted in no impact to opening retained earnings. (2) Changes to the Presentation of the Consolidated Statements of Financial Position and Consolidated Statements of Operations The allowance for credit losses is presented parenthetically on relevant line items in the Consolidated Statements of Financial Position. In the Consolidated Statements of Operations, realized investment gains (losses), net are presented on one line item and will no longer reflect the breakout of OTTI on fixed maturity securities; OTTI on fixed maturity securities transferred to other comprehensive income (“OCI”); and other realized investment gains (losses), net. The presentation of this detail in prior periods is immaterial. (3) Changes to Accounting Policies This section has been updated to include the following changes in our accounting policies resulting from the adoption of ASU 2016-13. Fixed maturities, available-for-sale Fixed maturities, available-for-sale (“AFS debt securities”) are reported at fair value in the Statements of Financial Position. Interest income, and amortization of premium and accretion of discount are included in “Net investment income” under the effective yield method. For mortgage-backed and asset-backed securities, the effective yield is based on estimated cash flows, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also vary based on other assumptions relating to the underlying collateral, including default rates and changes in value. These assumptions can significantly impact income recognition and the amount of impairments recognized in earnings and OCI. For mortgage-backed and asset-backed securities rated below AA, the effective yield is adjusted prospectively for any changes in the estimated timing and amount of cash flows unless the investment is impaired or purchased with credit deterioration. For impaired mortgage-backed and asset-backed securities rated below AA, the effective yield is adjusted prospectively only if subsequent favorable or adverse changes in expected cash flows are not reflected in the allowance for credit losses. Prior to the adoption of this standard, the effective yield was adjusted prospectively regardless of whether the investment was impaired or not. AFS debt securities with unrealized losses are reviewed quarterly to determine whether the amortized cost basis of the security is recoverable. In evaluating whether the amortized cost basis is recoverable, the Company considers several factors including, but not limited to the extent of the decline and the reasons for the decline in value (credit events, currency or interest-rate related, including general credit spread widening), and the financial condition of the issuer. When an AFS debt security is in an unrealized loss position and (1) the Company has the intent to sell the AFS debt security, or (2) it is more likely than not the Company will be required to sell the AFS debt security before its anticipated recovery, or (3) the Company has deemed the AFS debt security to be uncollectable, the amortized cost basis of the AFS debt security is written down to fair value and any previously recognized allowance is reversed. The impairment is reported in “Realized investment gains (losses), net.” The new cost basis is not adjusted for subsequent increases in estimated fair value. For an AFS debt security in an unrealized loss position that does not meet these conditions, the Company analyzes its ability to recover the amortized cost by comparing the net present value of projected future cash flows (the “net present value”) with the amortized cost of the security. The net present value is calculated by discounting the Company’s best estimate of projected future cash flows at the effective interest rate implicit in the AFS debt security at the date of acquisition. The Company may use the estimated fair value of collateral, if any, as a proxy for the net present value if it believes that the security is dependent on the liquidation of collateral for recovery of its investment. If the net present value is less than the amortized cost of the investment, an allowance for losses is recognized in earnings for the difference between amortized cost and the net present value and is limited to the difference between amortized cost and fair value of the AFS debt security. Any difference between the fair value and the net present value of the debt security at the impairment measurement date remains in “Other comprehensive income (loss).” Changes in the allowance for losses are reported in “Realized investment gains (losses), net.” Prior to the adoption of this standard, any impairments on AFS debt securities were reported as an adjustment to the amortized cost basis of the security. Subsequent to the impairment, the AFS debt security was treated as if it were newly acquired at the date of impairment, and any increases in cash flows expected to be collected were accreted into net investment income over the life of the investment. Fixed maturities, held-to-maturity Fixed maturities, held-to-maturity are reported in the Statements of Financial Position at amortized cost net of the CECL allowance. The CECL allowance is generally determined based on probability of default and loss given default assumptions according to sector, credit quality and remaining time to maturity. Additions to or releases of the allowance are reported in “Realized investment gains (losses), net.” Prior to the adoption of this standard, fixed maturities, held-to-maturity deemed to be OTTI were written down to the net present value of expected cash flows. Any difference between the fair value and the net present value of the debt security at the impairment measurement date was recorded in “Other comprehensive income (loss).” Interest income, and amortization of premium and accretion of discount are included in “Net investment income” under the effective yield method. For mortgage-backed and asset-backed securities, the effective yield is based on estimated timing and amount of cash flows, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also vary based on other assumptions regarding the underlying collateral, including default rates and changes in value. These assumptions can significantly impact income recognition and the amount of impairment recognized in earnings and OCI. For mortgage-backed and asset-backed securities rated below AA, the effective yield is adjusted prospectively for any changes in the estimated timing and amount of cash flows unless the investment is impaired or purchased with credit deterioration. For impaired mortgage-backed and asset-backed securities rated below AA, the effective yield is adjusted prospectively only if subsequent favorable or adverse changes in expected cash flows are not reflected in the allowance for credit losses. Prior to the adoption of this standard, the effective yield was adjusted prospectively regardless of whether the investment was impaired or not. Commercial mortgage and other loans Commercial mortgage and other loans are reported in the Statements of Financial Position at amortized cost net of the CECL allowance. Additionally, certain off-balance sheet credit exposures (e.g., indemnification of serviced mortgage loans, and certain unfunded mortgage loan commitments where the Company cannot unconditionally cancel the commitment) are also subject to a CECL allowance. The CECL allowance represents the Company’s best estimate of expected credit losses over the remaining life of the assets or off-balance sheet credit exposures. The determination of the allowance considers historical credit loss experience, current conditions, and reasonable and supportable forecasts. The allowance is calculated separately for commercial mortgage loans, agricultural mortgage loans, and other collateralized and uncollateralized loans. For commercial mortgage and agricultural mortgage loans (and related unfunded commitments where the Company cannot unconditionally cancel the commitment), the allowance is calculated using an internally developed CECL model. Key inputs to the CECL model include unpaid principal balances, internal credit ratings, annual expected loss factors, average lives of the loans adjusted for prepayment considerations, current and historical interest rate assumptions, and other factors influencing the Company’s view of the current stage of the economic cycle and future economic conditions. Subjective considerations include a review of whether historical loss experience is representative of current market conditions and the Company’s view of the credit cycle. Model assumptions and factors are reviewed and updated as appropriate. Information about certain key inputs is detailed below. Key factors in determining the internal credit ratings for commercial mortgage and agricultural mortgage loans include loan-to-value and debt-service-coverage ratios. Other factors include amortization, loan term, and estimated market value growth rate and volatility for the property type and region. The loan-to-value ratio compares the carrying amount of the loan to the fair value of the underlying property or properties collateralizing the loan and is commonly expressed as a percentage. Loan-to-value ratios greater than 100% indicate that the carrying amount of the loan exceeds the collateral value. A loan-to-value ratio less than 100% indicates an excess of collateral value over the carrying amount of the loan. The debt-service-coverage ratio is a property’s net operating income as a percentage of its debt service payments. Debt-service-coverage ratios less than 1.0 times indicate that a property’s operations do not generate enough income to cover the loan’s current debt payments. A debt-service-coverage ratio greater than 1.0 times indicates an excess of net operating income over the debt service payments. The values utilized in calculating these ratios are developed as part of the Company’s periodic review of the commercial mortgage and agricultural mortgage loan portfolios, which includes an internal appraisal of the underlying collateral value. The Company’s periodic review also includes a credit re-rating process, whereby the internal credit rating originally assigned at underwriting is updated based on current loan, property and market information using a proprietary credit quality rating system. See Note 3 for additional information related to the loan-to-value ratios and debt-service-coverage ratios related to the Company’s commercial mortgage and agricultural mortgage loan portfolios. Generally, every loan is re-rated at least annually. Annual expected loss rates are based on historical default and loss experience factors. Using average lives, the annual expected loss rates are converted into life-of-loan loss expectations. When individual loans no longer have the credit risk characteristics of the commercial or agricultural mortgage loan pools, they are removed from the pools and are evaluated individually for an allowance. The allowance is determined based on the outstanding loan balance less the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. The CECL allowance on commercial mortgage and other loans can increase or decrease from period to period based on the factors noted above. The change in allowance is reported in “Realized investment gains (losses), net.” As it relates to unfunded commitments that are in scope of this guidance, the CECL allowance is reported in “Other liabilities,” and the change in the allowance is reported in “Realized investment gains (losses), net.” When a commercial mortgage or other loan is deemed to be uncollectible, any allowance is reversed and a direct write-down of the carrying amount of the loan is recorded through “Realized investment gains (losses), net.” The carrying amount of the loan is not adjusted for subsequent recoveries in value. The CECL allowance for other collateralized and uncollateralized loans carried at amortized cost is determined based on probability of default and loss given default assumptions by sector, credit quality and average lives of the loans. Additions to or releases of the allowance are reported in “Realized investment gains (losses), net.” Prior to the adoption of this standard, the impairments on commercial mortgage and other loans were collectively reviewed at a portfolio level for impairment based on probable incurred but not specifically identified losses with any such losses reflected in an allowance for credit losses. When a loan was individually identified to be impaired, the loan was individually evaluated for an allowance. Changes in these allowances were reported in “Realized investment gains (losses), net.” Additionally, an allowance for credit losses was not required on unfunded loan commitments. As further described in Note 14, the Company’s PGIM business provides commercial mortgage origination, underwriting and servicing for certain government sponsored entities (“GSEs”). The Company has agreed to indemnify the GSEs for a portion of the credit risk associated with certain of the mortgages it services. Management has established a CECL allowance that factors in historical loss information, current conditions and reasonable and supportable forecasts. The allowance also considers the remaining lives of the loans subject to the indemnification. The CECL allowance is included in “Other liabilities” and changes in the CECL allowance are reported in “Realized investment gains (losses), net.” Prior to the adoption of this standard, a credit loss allowance was not required. Reinsurance Recoverables Reinsurance recoverables are reported on the Statements of Financial Position in “Other Assets” net of the CECL allowance. The CECL allowance considers the credit quality of the reinsurance counterparty and is generally determined based on the probability of default and loss given default assumptions, after considering any applicable collateral arrangements. Additions to or releases of the allowance are reported in “Policyholders’ benefits.” Prior to the adoption of this standard, an allowance for credit losses for reinsurance recoverables was established only when it was deemed probable that a reinsurer may fail to make payments to us in a timely manner. Trade Receivables Trade receivables related to Assurance IQ are reported in the Statements of Financial Position in “Other assets” net of the CECL allowance. The CECL allowance considers the credit quality of the counterparties and is generally determined based on probability of default and loss given default assumptions. Additions to or releases of the allowance are reported in “General and administrative expenses.” Prior to the adoption of this standard, the reserve was limited to an allowance for doubtful accounts. Other ASUs adopted during the nine months ended September 30, 2020 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters 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, 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. The adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting This ASU provides optional relief for certain contracts impacted by reference rate reform. The standard permits an entity to consider contract modification due to reference rate reform to be an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. The ASU also temporarily (until December 31, 2022) allows hedge relationships to continue without de-designation upon changes due to reference rate reform. March 12, 2020 to December 31, 2022 using the prospective method. This ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. ASU issued but not yet adopted as of September 30, 2020 — 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 Consolidated Financial Statements and Notes to the Consolidated Financial Statements. In October 2019, the FASB issued ASU 2019-09, Financial Services - Insurance (Topic 944): Effective Date to affirm its decision to defer the effective date of ASU 2018-12 to January 1, 2022 (with early adoption permitted), representing a one year extension from the original effective date of January 1, 2021. As a result of the COVID-19 pandemic, in November 2020 the FASB issued ASU 2020-11, Financial Services—Insurance (Topic 944): Effective Date and Early Application to defer for an additional one year the effective date of ASU 2018-12 from January 1, 2022 to January 1, 2023, and to provide transition relief to facilitate the early adoption of the ASU. The transition relief would allow large calendar-year public companies that early adopt ASU 2018-12 to apply the guidance either as of January 1, 2020 or January 1, 2021 (and record transition adjustments as of January 1, 2020 or January 1, 2021, respectively) in the 2022 financial statements. Companies that do not early adopt ASU 2018-12 would apply the guidance as of January 1, 2021 (and record transition adjustments as of January 1, 2021) in the 2023 financial statements. ASU 2018-12 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 may choose to apply the amendments to contracts in force as of the beginning of the prior year (if early adoption is elected) or 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 Accumulated other comprehensive income (loss) (“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, which will be updated each quarter with the impact recorded through OCI. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the discount rate assumptions. 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 either the beginning of the prior year (if early adoption is elected) or 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 discount rates 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 DSI, 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 may choose to apply the amendments to contracts in force as of the beginning of the prior year (if early adoption is elected) or 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 liability for future policy benefits, as described above, it is required to also use a full 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 (MRB) Requires an entity to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value, and record MRB assets and liabilities separately on the Consolidated Statements of Financial Position. Changes in fair value of market risk benefits are recorded in net income, except for the portion of the change in MRB liabilities attributable to changes in an entity’s non-performance risk (“NPR”) which is recognized in OCI. An entity shall adopt the guidance for market risk benefits using the retrospective transition method, which includes a cumulative effect adjustment on the balance sheet as of either the beginning of prior year (if early adoption is elected) or the beginning of the earliest period presented. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the balance of the market risk benefits upon adoption. 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.

Investments

Investments	9 Months Ended
	Sep. 30, 2020
Investments [Abstract]
Investments	3. 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, 2020 Amortized Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 31,095 $ 11,040 $ 23 $ 0 $ 42,112 Obligations of U.S. states and their political subdivisions 10,555 2,052 4 0 12,603 Foreign government bonds 90,915 16,317 195 1 107,036 U.S. public corporate securities 92,988 16,259 454 64 108,729 U.S. private corporate securities(1) 35,846 3,586 192 29 39,211 Foreign public corporate securities 25,131 3,408 185 24 28,330 Foreign private corporate securities 27,934 1,785 485 30 29,204 Asset-backed securities(2) 14,070 168 104 0 14,134 Commercial mortgage-backed securities 15,096 1,263 6 4 16,349 Residential mortgage-backed securities(3) 2,881 228 1 0 3,108 Total fixed maturities, available-for-sale(1) $ 346,511 $ 56,106 $ 1,649 $ 152 $ 400,816 September 30, 2020 Amortized Gross Gross Fair Allowance for Credit Losses Amortized Cost, (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 915 $ 265 $ 0 $ 1,180 $ 0 $ 915 Foreign public corporate securities 637 66 0 703 9 628 Foreign private corporate securities 85 2 0 87 0 85 Residential mortgage-backed securities(3) 273 21 0 294 0 273 Total fixed maturities, held-to-maturity(4) $ 1,910 $ 354 $ 0 $ 2,264 $ 9 $ 1,901 __________ (1) Excludes notes with amortized cost of $6,466 million (fair value, $6,594 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, credit cards and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Excludes notes with amortized cost of $4,998 million (fair value, $5,814 million), which have been offset with the associated debt under a netting agreement. December 31, 2019 Amortized Gross Gross Fair OTTI in AOCI(4) (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 30,625 $ 5,195 $ 161 $ 35,659 $ 0 Obligations of U.S. states and their political subdivisions 10,068 1,437 8 11,497 0 Foreign government bonds 98,356 20,761 63 119,054 (34) U.S. public corporate securities 87,566 11,030 257 98,339 (6) U.S. private corporate securities(1) 34,410 2,243 120 36,533 0 Foreign public corporate securities 26,841 3,054 70 29,825 (1) Foreign private corporate securities 27,619 1,201 580 28,240 0 Asset-backed securities(2) 13,067 147 40 13,174 (77) Commercial mortgage-backed securities 14,978 610 14 15,574 0 Residential mortgage-backed securities(3) 3,044 159 2 3,201 (1) Total fixed maturities, available-for-sale(1) $ 346,574 $ 45,837 $ 1,315 $ 391,096 $ (119) December 31, 2019 Amortized Gross Gross Fair (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 891 $ 282 $ 0 $ 1,173 Foreign public corporate securities 649 64 0 713 Foreign private corporate securities 83 2 0 85 Residential mortgage-backed securities(3) 310 21 0 331 Total fixed maturities, held-to-maturity(5) $ 1,933 $ 369 $ 0 $ 2,302 __________ (1) Excludes notes with amortized cost of $4,751 million (fair value, $4,757 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 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 $362 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 $4,998 million (fair value, $5,401 million), which have been offset with the associated debt under a netting agreement. The following table sets forth the fair value and gross unrealized losses on available-for-sale fixed maturity securities without an allowance for credit 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 date indicated: September 30, 2020 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 1,068 $ 23 $ 0 $ 0 $ 1,068 $ 23 Obligations of U.S. states and their political subdivisions 200 4 0 0 200 4 Foreign government bonds 5,548 190 44 5 5,592 195 U.S. public corporate securities 6,939 261 1,332 174 8,271 435 U.S. private corporate securities 2,452 105 847 86 3,299 191 Foreign public corporate securities 2,022 126 367 52 2,389 178 Foreign private corporate securities 3,442 105 3,311 376 6,753 481 Asset-backed securities 5,145 48 4,742 56 9,887 104 Commercial mortgage-backed securities 160 4 94 2 254 6 Residential mortgage-backed securities 148 1 0 0 148 1 Total fixed maturities, available-for-sale $ 27,124 $ 867 $ 10,737 $ 751 $ 37,861 $ 1,618 The following table sets forth the fair value and gross unrealized losses on fixed maturity securities aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the date indicated: December 31, 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 $ 4,950 $ 161 $ 267 $ 0 $ 5,217 $ 161 Obligations of U.S. states and their political subdivisions 273 8 0 0 273 8 Foreign government bonds 2,332 60 126 3 2,458 63 U.S. public corporate securities 3,944 85 2,203 172 6,147 257 U.S. private corporate securities 2,283 44 1,563 76 3,846 120 Foreign public corporate securities 1,271 23 496 47 1,767 70 Foreign private corporate securities 1,466 33 5,666 547 7,132 580 Asset-backed securities 3,979 12 4,433 28 8,412 40 Commercial mortgage-backed securities 1,193 10 164 4 1,357 14 Residential mortgage-backed securities 207 1 88 1 295 2 Total $ 21,898 $ 437 $ 15,006 $ 878 $ 36,904 $ 1,315 __________ (1) As of December 31, 2019, there were no securities classified as held-to-maturity in a gross unrealized loss position. As of September 30, 2020, the gross unrealized losses on fixed maturity available-for-sale securities without an allowance were composed of $970 million related to “1” highest quality or “2” high quality securities based on the National Association of Insurance Commissioners (“NAIC”) or equivalent rating and $648 million related to other than high or highest quality securities based on NAIC or equivalent rating. As of September 30, 2020, the $751 million of gross unrealized losses of twelve months or more were concentrated in the Company’s corporate securities within the energy, finance and utility sectors. As of December 31, 2019, the gross unrealized losses on fixed maturity securities were composed of $973 million related to “1” highest quality or “2” high quality securities based on the NAIC or equivalent rating and $342 million related to other than high or highest quality securities based on NAIC or equivalent rating. As of December 31, 2019, the $878 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. In accordance with its policy described in Note 2, the Company concluded that an adjustment to earnings for credit losses related to these fixed maturity securities was not warranted at September 30, 2020. 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, foreign currency exchange rate movements and the financial condition or near-term prospects of the issuer. As of September 30, 2020, 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 or amortized cost, net of allowance and fair value of fixed maturities by contractual maturities, as of the date indicated: September 30, 2020 Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost, Net of Allowance Fair Value (in millions) Fixed maturities: Due in one year or less $ 13,497 $ 14,096 $ 117 $ 118 Due after one year through five years 50,428 53,969 0 0 Due after five years through ten years 66,321 74,393 600 676 Due after ten years(1) 184,218 224,767 911 1,176 Asset-backed securities 14,070 14,134 0 0 Commercial mortgage-backed securities 15,096 16,349 0 0 Residential mortgage-backed securities 2,881 3,108 273 294 Total $ 346,511 $ 400,816 $ 1,901 $ 2,264 __________ (1) Excludes available-for-sale notes with amortized cost of $6,466 million (fair value, $6,594 million) and held-to-maturity notes with amortized cost of $4,998 million (fair value, $5,814 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 write-downs, impairments and the allowance for credit losses of fixed maturities, for the periods indicated: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (in millions) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 4,284 $ 7,190 $ 14,654 $ 24,011 Proceeds from maturities/prepayments 7,181 5,315 17,603 14,507 Gross investment gains from sales and maturities 578 565 1,451 1,276 Gross investment losses from sales and maturities (129) (62) (339) (345) OTTI recognized in earnings(2) N/A (143) N/A (242) Write-downs recognized in earnings(3) (134) N/A (289) N/A (Addition to) release of allowance for credit losses(4) 86 N/A (152) N/A Fixed maturities, held-to-maturity: Proceeds from maturities/prepayments(5) $ 14 $ 47 $ 77 $ 84 (Addition to) release of allowance for credit losses(4) 0 N/A 0 N/A __________ (1) Includes $268 million and $162 million of non-cash related proceeds due to the timing of trade settlements for the nine months ended September 30, 2020 and 2019, respectively. (2) For the three and nine months ended September 30, 2019, amounts exclude 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) For the three and nine months ended September 30, 2020, amounts represent write-downs of credit adverse securities, write-downs on securities approaching maturity related to foreign exchange movements and securities actively marketed for sale. (4) Effective January 1, 2020, credit losses on available-for-sale and held-to-maturity fixed maturity securities are recorded within the “allowance for credit losses.” (5) Includes $1 million and less than $1 million of non-cash related proceeds due to the timing of trade settlements for the nine months ended September 30, 2020 and 2019, respectively. The following tables set forth the activity in the allowance for credit losses for fixed maturity securities, as of the date indicated: Three Months Ended September 30, 2020 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 38 $ 199 $ 0 $ 1 $ 0 $ 238 Additions to allowance for credit losses not previously recorded 0 1 33 0 0 0 34 Reductions for securities sold during the period 0 0 (8) 0 0 0 (8) Additions (reductions) on securities with previous allowance 0 0 (12) 0 3 0 (9) Write-downs charged against the allowance 0 (38) (65) 0 0 0 (103) Balance, end of period $ 0 $ 1 $ 147 $ 0 $ 4 $ 0 $ 152 Nine Months Ended September 30, 2020 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of year $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Additions to allowance for credit losses not previously recorded 0 39 238 0 1 0 278 Reductions for securities sold during the period 0 0 (36) 0 0 0 (36) Additions (reductions) on securities with previous allowance 0 0 10 0 3 0 13 Write-downs charged against the allowance 0 (38) (65) 0 0 0 (103) Balance, end of period $ 0 $ 1 $ 147 $ 0 $ 4 $ 0 $ 152 Three Months Ended September 30, 2020 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 9 $ 0 $ 0 $ 0 $ 9 Balance, end of period $ 0 $ 0 $ 9 $ 0 $ 0 $ 0 $ 9 Nine Months Ended September 30, 2020 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of year $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Cumulative effect of adoption of ASU 2016-13 0 0 9 0 0 0 9 Balance, end of period $ 0 $ 0 $ 9 $ 0 $ 0 $ 0 $ 9 See Note 2 for additional information about the Company’s methodology for developing our allowance and expected losses. For the nine months ended September 30, 2020, the increase in the allowance for credit losses on available-for-sale securities was primarily related to adverse projected cash flows on public and private corporate securities. 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, 2020 December 31, 2019 Amortized Fair Amortized Fair (in millions) Short-term investments and cash equivalents $ 1,103 $ 1,103 $ 277 $ 277 Fixed maturities: Corporate securities 14,060 14,909 13,143 13,603 Commercial mortgage-backed securities 1,845 1,946 1,845 1,896 Residential mortgage-backed securities(1) 1,064 1,126 1,134 1,158 Asset-backed securities(2) 1,691 1,716 1,639 1,662 Foreign government bonds 889 898 802 814 U.S. government authorities and agencies and obligations of U.S. states 358 438 341 397 Total fixed maturities(3) 19,907 21,033 18,904 19,530 Equity securities 1,603 1,825 1,465 1,790 Total assets supporting experience-rated contractholder liabilities(4) $ 22,613 $ 23,961 $ 20,646 $ 21,597 __________ (1) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (2) Includes collateralized loan obligations, auto loans, education loans, home equity and other asset types. Collateralized loan obligations at fair value were $1,133 million and $1,060 million as of September 30, 2020 and December 31, 2019, respectively, all of which were rated AAA. (3) As a percentage of amortized cost, 94% of the portfolio was considered high or highest quality based on NAIC or equivalent ratings, as of both September 30, 2020 and December 31, 2019. (4) As a percentage of amortized cost, 79% and 77% of the portfolio consisted of public securities as of September 30, 2020 and December 31, 2019, respectively. 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 $255 million and $99 million during the three months ended September 30, 2020 and 2019, respectively, and $397 million and $868 million during the nine months ended September 30, 2020 and 2019, respectively. Equity Securities The net change in unrealized gains (losses) from equity securities still held at period end, recorded within “Other income (loss),” was $324 million and $52 million during the three months ended September 30, 2020 and 2019, respectively, and $(332) million and $632 million during the nine months ended September 30, 2020 and 2019, 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, 2020 December 31, 2019 Amortized Fair Amortized Fair (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 77,749 $ 90,480 $ 74,118 $ 89,546 Fixed maturities, held-to-maturity 892 1,148 869 1,143 Fixed maturities, trading 24 24 23 23 Assets supporting experience-rated contractholder liabilities 826 831 653 664 Total $ 79,491 $ 92,483 $ 75,663 $ 91,376 September 30, 2020 December 31, 2019 Amortized Fair Amortized Fair (in millions) Investments in South Korean government and government agency securities: Fixed maturities, available-for-sale $ 26 $ 34 $ 10,823 $ 13,322 Assets supporting experience-rated contractholder liabilities 15 16 15 16 Total $ 41 $ 50 $ 10,838 $ 13,338 The decrease in South Korean government and government agency securities from December 31, 2019 to September 30, 2020 was due to the sale of POK which was completed in August 2020. 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, 2020 December 31, 2019 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Office $ 12,677 19.9 % $ 13,462 21.4 % Retail 7,677 12.0 8,379 13.3 Apartments/Multi-Family 18,385 28.8 17,348 27.6 Industrial 13,639 21.4 13,226 21.1 Hospitality 2,390 3.7 2,415 3.9 Other 5,051 7.9 4,533 7.2 Total commercial mortgage loans 59,819 93.7 59,363 94.5 Agricultural property loans 4,015 6.3 3,472 5.5 Total commercial mortgage and agricultural property loans 63,834 100.0 % 62,835 100.0 % Allowance for credit losses (227) (117) Total net commercial mortgage and agricultural property loans 63,607 62,718 Other loans: Uncollateralized loans 723 656 Residential property loans 104 124 Other collateralized loans 115 65 Total other loans 942 845 Allowance for credit losses (8) (4) Total net other loans 934 841 Total net commercial mortgage and other loans(1) $ 64,541 $ 63,559 __________ (1) Includes loans held for sale which are carried at fair value and are collateralized primarily by apartment complexes. As of September 30, 2020 and December 31, 2019, the net carrying value of these loans was $915 million and $228 million, respectively. As of September 30, 2020, the commercial mortgage and agricultural property loans were secured by properties geographically dispersed throughout the United States (with the largest concentrations in California (27%), Texas (9%) and New York (8%)) and included loans secured by properties in Europe (7%), Asia (2%) and Australia (1%). The following tables set forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended September 30, 2020 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Balance, beginning of period $ 230 $ 8 $ 0 $ 3 $ 4 $ 245 Addition to (release of) allowance for expected losses (5) 1 0 0 1 (3) Write-downs charged against the allowance (7) 0 0 0 0 (7) Other 0 0 0 0 0 0 Balance, end of period $ 218 $ 9 $ 0 $ 3 $ 5 $ 235 Nine Months Ended September 30, 2020 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Balance at December 31, 2019 $ 114 $ 3 $ 0 $ 0 $ 4 $ 121 Cumulative effect of adoption of ASU 2016-13 110 5 0 0 0 115 Addition to (release of) allowance for expected losses 1 1 0 0 1 3 Write-downs charged against the allowance (7) 0 0 0 0 (7) Other 0 0 0 3 0 3 Balance at September 30, 2020 $ 218 $ 9 $ 0 $ 3 $ 5 $ 235 See Note 2 for additional information about the Company’s methodology for developing our allowance and expected losses. September 30, 2020 Amortized Cost by Origination Year 2020 2019 2018 2017 2016 Prior Revolving Loans Total (in millions) Commercial Mortgage Loans Loan-to-Value Ratio: 0%-59.99% $ 650 $ 2,824 $ 3,105 $ 3,309 $ 3,381 $ 17,616 $ 0 $ 30,885 60%-69.99% 1,480 4,152 3,437 2,913 2,801 4,282 0 19,065 70%-79.99% 1,744 3,138 2,530 1,010 613 654 0 9,689 80% or greater 0 10 0 18 24 128 0 180 Total $ 3,874 $ 10,124 $ 9,072 $ 7,250 $ 6,819 $ 22,680 $ 0 $ 59,819 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 3,759 $ 9,490 $ 8,590 $ 7,009 $ 6,525 $ 21,045 $ 0 $ 56,418 1.0 - 1.2x 114 518 453 241 286 1,499 0 3,111 Less than 1.0x 1 116 29 0 8 136 0 290 Total $ 3,874 $ 10,124 $ 9,072 $ 7,250 $ 6,819 $ 22,680 $ 0 $ 59,819 Agricultural Property Loans Loan-to-Value Ratio: 0%-59.99% $ 724 $ 482 $ 360 $ 531 $ 397 $ 1,320 $ 0 $ 3,814 60%-69.99% 87 72 39 3 0 0 0 201 70%-79.99% 0 0 0 0 0 0 0 0 80% or greater 0 0 0 0 0 0 0 0 Total $ 811 $ 554 $ 399 $ 534 $ 397 $ 1,320 $ 0 $ 4,015 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 801 $ 553 $ 398 $ 471 $ 377 $ 1,303 $ 0 $ 3,903 1.0 - 1.2x 10 0 1 59 5 5 0 80 Less than 1.0x 0 1 0 4 15 12 0 32 Total $ 811 $ 554 $ 399 $ 534 $ 397 $ 1,320 $ 0 $ 4,015 Commercial mortgage loans December 31, 2019 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 31,027 $ 701 $ 217 $ 31,945 60%-69.99% 17,090 1,145 42 18,277 70%-79.99% 8,020 719 28 8,767 80% or greater 209 143 22 374 Total commercial mortgage loans $ 56,346 $ 2,708 $ 309 $ 59,363 Agricultural property loans December 31, 2019 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 3,289 $ 57 $ 14 $ 3,360 60%-69.99% 112 0 0 112 70%-79.99% 0 0 0 0 80% or greater 0 0 0 0 Total agricultural property loans $ 3,401 $ 57 $ 14 $ 3,472 See Note 2 for additional information about the Company’s commercial mortgage and other loans credit quality monitoring process. 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, 2020 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 59,794 $ 0 $ 24 $ 1 $ 25 $ 59,819 $ 27 Agricultural property loans 4,014 0 0 1 1 4,015 15 Residential property loans 102 1 0 1 2 104 1 Other collateralized loans 115 0 0 0 0 115 0 Uncollateralized loans 723 0 0 0 0 723 0 Total $ 64,748 $ 1 $ 24 $ 3 $ 28 $ 64,776 $ 43 __________ (1) As of September 30, 2020, 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, 2019. December 31, 2019 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 59,363 $ 0 $ 0 $ 0 $ 0 $ 59,363 $ 44 Agricultural property loans 3,458 1 0 13 14 3,472 13 Residential property loans 121 1 0 2 3 124 2 Other collateralized loans 65 0 0 0 0 65 0 Uncollateralized loans 656 0 0 0 0 656 0 Total $ 63,663 $ 2 $ 0 $ 15 $ 17 $ 63,680 $ 59 __________ (1) As of December 31, 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, 2019. Loans on non-accrual status recognized interest income of $2 million for both the three months and nine months ended September 30, 2020, respectively, and $17 million of these loans did not have a related allowance for credit losses as of September 30, 2020. The Company did not have any significant losses on commercial mortgage and other loans purchased with credit deterioration as of September 30, 2020. Other Invested Assets The following table sets forth the composition of “Other invested assets,” as of the dates indicated: September 30, 2020 December 31, 2019 (in millions) LPs/LLCs: Equity method: Private equity $ 4,139 $ 3,625 Hedge funds 2,333 1,947 Real estate-related 1,409 1,372 Subtotal equity method 7,881 6,944 Fair value: Private equity 1,679 1,705 Hedge funds 1,965 2,172 Real estate-related 333 336 Subtotal fair value 3,977 4,213 Total LPs/LLCs 11,858 11,157 Real estate held through direct ownership(1) 2,517 2,388 Derivative instruments 1,201 877 Other(2) 1,345 1,184 Total other invested assets $ 16,921 $ 15,606 _________ (1) As of September 30, 2020 and December 31, 2019, real estate held through direct ownership had mortgage debt of $436 million and $537 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 17 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Accrued Investment Income The following table sets forth the composition of “Accrued investment income,” as of the date indicated: September 30, 2020 (in millions) Fixed maturities $ 2,586 Equity securities 17 Commercial mortgage and other loans 203 Policy loans 289 Other invested assets 28 Short-term investments and cash equivalents 6 Total accrued investment income $ 3,129 There were $3 million and $15 million of write-downs on accrued investment income for the three and nine months ended September 30, 2020, respectively. Net Investment Income The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (in millions) Fixed maturities, available-for-sale(1) $ 3,113 $ 3,191 $ 9,292 $ 9,429 Fixed maturities, held-to-maturity(1) 59 58 176 173 Fixed maturities, trading 32 37 100 109 Assets supporting experience-rated contractholder liabilities 179 191 527 558 Equity securities 36 38 119 119 Commercial mortgage and other loans 608 636 1,866 1,863 Policy loans 147 160 450 463 Other invested assets 415 251 693 727 Short-term investments and cash equivalents 30 123 182 356 Gross investment income 4,619 4,685 13,405 13,797 Less: investment expenses (173) (247) (571) (753) Net investment income $ 4,446 $ 4,438 $ 12,834 $ 13,044 __________ (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 2020 2019 2020 2019 (in millions) Fixed maturities(1) $ 401 $ 360 $ 671 $ 689 Commercial mortgage and other loans 41 20 65 34 Investment real estate 5 38 15 38 LPs/LLCs 8 2 2 (1) Derivatives (537) 433 (2,926) (1,010) Other 3 0 9 1 Realized investment gains (losses), net $ (79) $ 853 $ (2,164) $ (249) __________ 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(1) $ N/A $ 243 Fixed maturity securities, available-for-sale—all other(1) N/A 44,279 Fixed maturity securities, available-for-sale with an allowance (23) N/A Fixed maturity securities, available-for-sale without an allowance 54,480 N/A Derivatives designated as cash flow hedges(2) 1,407 832 Other investments(3) (20) (15) Net unrealized gains (losses) on investments $ 55,844 $ 45,339 __________ (1) Effective January 1, 2020, per ASU 2016-13, fixed maturity securities, available-for-sale are no longer required to be disclosed “with OTTI” and “all other.” (2) For additional information on cash flow hedges, see Note 5. 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, 2020 December 31, 2019 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 $ 9,944 $ 553 $ 10,497 $ 9,431 $ 0 $ 9,431 Residential mortgage-backed securities 377 0 377 250 0 250 Total securities sold under agreements to repurchase(1) $ 10,321 $ 553 $ 10,874 $ 9,681 $ 0 $ 9,681 __________ (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, 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, 2020 December 31, 2019 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 $ 0 $ 0 $ 0 $ 9 $ 0 $ 9 Obligations of U.S. states and their political subdivisions 108 0 108 33 0 33 Foreign government bonds 353 0 353 244 0 244 U.S. public corporate securities 2,161 0 2,161 2,996 0 2,996 Foreign public corporate securities 425 0 425 762 0 762 Commercial mortgage-backed securities 0 0 0 2 0 2 Equity securities 24 0 24 167 0 167 Total cash collateral for loaned securities(1) $ 3,071 $ 0 $ 3,071 $ 4,213 $ 0 $ 4,213 __________ (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, as of the dates indicated.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2020
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, 2019. 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 Other Consolidated VIEs(1) September 30, December 31, September 30, December 31, (in millions) Fixed maturities, available-for-sale $ 107 $ 104 $ 290 $ 285 Fixed maturities, held-to-maturity 85 83 863 839 Fixed maturities, trading 1,081 1,112 0 0 Assets supporting experience-rated contractholder liabilities 0 0 1 4 Equity securities 44 47 0 0 Commercial mortgage and other loans 976 883 0 0 Other invested assets 2,502 2,199 152 89 Cash and cash equivalents 140 166 0 0 Accrued investment income 6 4 4 4 Other assets 424 450 689 689 Total assets of consolidated VIEs $ 5,365 $ 5,048 $ 1,999 $ 1,910 Other liabilities $ 291 $ 304 $ 11 $ 13 Notes issued by consolidated VIEs(2) 1,242 1,274 0 0 Total liabilities of consolidated VIEs $ 1,533 $ 1,578 $ 11 $ 13 __________ (1) Total assets of consolidated VIEs reflect $2,892 million and $2,668 million as of September 30, 2020 and December 31, 2019, 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, 2020, the maturities of these obligations were between 3 and 9 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 $1,098 million and $1,021 million at September 30, 2020 and December 31, 2019, 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 $11,858 million and $11,157 million as of September 30, 2020 and December 31, 2019, 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, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	5. DERIVATIVES AND HEDGING Types of Derivative and Hedging Instruments The Company utilizes various derivatives and hedging instruments to manage its risk. Commonly used derivative and non-derivative hedging 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, swaps, and foreign currency debt instruments • 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, 2019. 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 and cash collateral. This netting impact results in total derivative assets of $1,190 million and $867 million as of September 30, 2020 and December 31, 2019, respectively, and total derivative liabilities of $573 million and $831 million as of September 30, 2020 and December 31, 2019, respectively, reflected in the Unaudited Interim Consolidated Statements of Financial Position. Primary Underlying Risk /Instrument Type September 30, 2020 December 31, 2019 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 $ 3,101 $ 1,128 $ (100) $ 3,257 $ 628 $ (73) Interest Rate Forwards 249 11 (2) 205 4 (1) Foreign Currency Foreign Currency Forwards 2,194 51 (48) 1,461 22 (57) Currency/Interest Rate Foreign Currency Swaps 21,885 2,023 (246) 22,746 1,467 (302) Total Derivatives Designated as Hedge Accounting Instruments $ 27,429 $ 3,213 $ (396) $ 27,669 $ 2,121 $ (433) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 151,469 $ 20,256 $ (10,295) $ 141,162 $ 10,249 $ (4,861) Interest Rate Futures 16,651 12 (77) 17,095 4 (38) Interest Rate Options 13,418 1,353 (257) 16,496 339 (238) Interest Rate Forwards 3,077 22 0 2,218 18 (3) Foreign Currency Foreign Currency Forwards 36,539 746 (517) 26,604 208 (214) Foreign Currency Options 0 0 0 0 0 0 Currency/Interest Rate Foreign Currency Swaps 14,164 814 (355) 13,874 740 (345) Credit Credit Default Swaps 1,667 10 (23) 798 21 0 Equity Equity Futures 7,742 7 (31) 1,802 0 (3) Equity Options 46,829 854 (403) 32,657 679 (765) Total Return Swaps 24,407 134 (409) 18,218 6 (636) Other Other(1) 1,262 0 0 1,258 0 0 Synthetic GICs 84,088 1 0 80,009 1 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 401,313 $ 24,209 $ (12,367) $ 352,191 $ 12,265 $ (7,103) Total Derivatives(2)(3) $ 428,742 $ 27,422 $ (12,763) $ 379,860 $ 14,386 $ (7,536) __________ (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 $24,153 million and $14,035 million as of September 30, 2020 and December 31, 2019, 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, 2020, 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. September 30, 2020 December 31, 2019 Balance Sheet Line Item in which Hedged Item is Recorded Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of (in millions) Fixed maturities, available-for-sale, at fair value $ 402 $ 86 $ 389 $ 64 Commercial mortgage and other loans $ 21 $ 2 $ 23 $ 2 Policyholders’ account balances $ (1,686) $ (376) $ (1,376) $ (107) Future policy benefits $ (1,248) $ (410) $ (676) $ (172) __________ (1) There were no material 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, 2020 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives(1) $ 27,270 $ (26,232) $ 1,038 $ (569) $ 469 Securities purchased under agreement to resell 641 0 641 (641) 0 Total assets $ 27,911 $ (26,232) $ 1,679 $ (1,210) $ 469 Offsetting of Financial Liabilities: Derivatives(1) $ 12,757 $ (12,190) $ 567 $ (140) $ 427 Securities sold under agreement to repurchase 10,874 0 10,874 (10,874) 0 Total liabilities $ 23,631 $ (12,190) $ 11,441 $ (11,014) $ 427 December 31, 2019 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives(1) $ 14,303 $ (13,519) $ 784 $ (607) $ 177 Securities purchased under agreement to resell 1,012 0 1,012 (1,012) 0 Total assets $ 15,315 $ (13,519) $ 1,796 $ (1,619) $ 177 Offsetting of Financial Liabilities: Derivatives(1) $ 7,528 $ (6,705) $ 823 $ (244) $ 579 Securities sold under agreement to repurchase 9,681 0 9,681 (9,681) 0 Total liabilities $ 17,209 $ (6,705) $ 10,504 $ (9,925) $ 579 __________ (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, 2019. Cash Flow, Fair Value and Net Investment Hedges The primary derivative and non-derivative instruments used by the Company in its fair value, cash flow and net investment hedge accounting relationships are interest rate swaps, currency swaps, currency forwards, and foreign currency denominated debts. These instruments are only designated for hedge accounting in instances where the appropriate criteria are met. The Company does not use futures, options, credit, or equity derivatives in any of its fair value, cash flow or net investment hedge accounting relationships. Three Months Ended September 30, 2020 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 $ 5 $ (2) $ 0 $ 0 $ (35) $ (37) $ 0 Currency (1) 0 0 0 0 15 0 Total gains (losses) on derivatives designated as hedge instruments 4 (2) 0 0 (35) (22) 0 Gains (losses) on the hedged item: Interest Rate (6) 4 0 0 49 48 0 Currency 0 0 0 0 0 (15) 0 Total gains (losses) on hedged item (6) 4 0 0 49 33 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 (1) 2 Total Amortization for Gain (Loss) Excluded from Assessment of the Effectiveness 0 0 0 0 0 (1) 2 Total gains (losses) on fair value hedges net of hedged item (2) 2 0 0 14 10 2 Cash flow hedges Interest Rate 19 0 0 0 0 0 (15) Currency 0 0 0 0 0 0 (65) Currency/Interest Rate 55 78 (210) 0 0 0 (1,011) Total gains (losses) on cash flow hedges 74 78 (210) 0 0 0 (1,091) Net investment hedges Currency (6) 0 142 0 0 0 (143) Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges (6) 0 142 0 0 0 (143) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (1,163) 0 0 0 0 0 0 Currency (44) 0 2 0 0 0 0 Currency/Interest Rate (394) 0 (3) 0 0 0 0 Credit (15) 0 0 0 0 0 0 Equity (2,243) 0 0 0 0 0 0 Other 1 0 0 0 0 0 0 Embedded Derivatives 3,254 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (604) 0 (1) 0 0 0 0 Total $ (538) $ 80 $ (69) $ 0 $ 14 $ 10 $ (1,232) Nine Months Ended September 30, 2020 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) $ (6) $ 0 $ 0 $ 295 $ 242 $ 0 Currency 1 0 0 0 0 17 0 Total gains (losses) on derivatives designated as hedge instruments (23) (6) 0 0 295 259 0 Gains (losses) on the hedged item: Interest Rate 23 13 0 0 (269) (222) 0 Currency (1) 1 0 0 0 (17) 0 Total gains (losses) on hedged item 22 14 0 0 (269) (239) 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 (1) (1) Total Amortization for Gain (Loss) Excluded from Assessment of the Effectiveness 0 0 0 0 0 (1) (1) Total gains (losses) on fair value hedges net of hedged item (1) 8 0 0 26 19 (1) Cash flow hedges Interest Rate 27 0 0 0 0 0 29 Currency 4 0 0 0 0 0 27 Currency/Interest Rate 121 239 (17) 0 0 0 519 Total gains (losses) on cash flow hedges 152 239 (17) 0 0 0 575 Net investment hedges Currency (6) 0 142 0 0 0 (133) Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges (6) 0 142 0 0 0 (133) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 7,829 0 0 0 0 0 0 Currency 186 0 (5) 0 0 0 0 Currency/Interest Rate 337 0 (1) 0 0 0 0 Credit (56) 0 0 0 0 0 0 Equity (2,028) 0 0 0 0 0 0 Other 1 0 0 0 0 0 0 Embedded Derivatives (9,339) 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (3,070) 0 (6) 0 0 0 0 Total $ (2,925) $ 247 $ 119 $ 0 $ 26 $ 19 $ 441 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 _________ (1) Net change in AOCI, excluding changes related to net investment hedges using non-derivative instruments of ($17) million for both the three and nine months ended September 30, 2020, and $0 million for both the three and nine months ended September 30, 2019. Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in millions) Balance, December 31, 2019 $ 832 Amount recorded in AOCI Interest Rate 56 Currency 31 Currency/Interest Rate 862 Total amount recorded in AOCI 949 Amount reclassified from AOCI to income Interest Rate (27) Currency (4) Currency/Interest Rate (343) Total amount reclassified from AOCI to income (374) Balance, September 30, 2020 $ 1,407 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, 2020 values, it is estimated that a pre-tax gain of approximately $271 million is expected to be reclassified from AOCI to earnings during the subsequent twelve months ending September 30, 2021. 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 net investment hedges, in addition to derivatives, the Company uses foreign currency denominated debt to hedge the risk of change in the net investment in a foreign subsidiary due to changes in exchange rates. For effective net investment hedges, the amounts, before applicable taxes, recorded in the cumulative translation adjustment within AOCI were ($160) million and ($150) million for the three and nine months ended September 30, 2020, respectively, and $9 million and $12 million for the three and nine months ended September 30, 2019, respectively. Credit Derivatives The following table provides a summary of the notional and fair value of written credit protection. The Company’s maximum amount at risk under these credit derivatives, assuming the value of the underlying referenced securities become worthless, is equal to the notional amounts. These credit derivatives have maturities of less than 27 years for index references. September 30, 2020 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6 Total Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value (in millions) Single name reference(2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(2) 50 0 0 0 577 6 600 2 0 0 0 0 1,227 8 Total $ 50 $ 0 $ 0 $ 0 $ 577 $ 6 $ 600 $ 2 $ 0 $ 0 $ 0 $ 0 $ 1,227 $ 8 December 31, 2019 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6 Total Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value (in millions) Single name reference(2) $ 36 $ 0 $ 60 $ 1 $ 4 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 100 $ 1 Index reference(2) 50 0 0 0 570 13 0 0 0 0 72 7 692 20 Total $ 86 $ 0 $ 60 $ 1 $ 574 $ 13 $ 0 $ 0 $ 0 $ 0 $ 72 $ 7 $ 792 $ 21 _________ (1) The NAIC rating designations are based on availability and the lowest ratings among Moody's Investors Service, Inc. ("Moody's"), Standard & Poor’s Rating Services (“S&P”) and Fitch Ratings Inc. (“Fitch”). If no rating is available from a rating agency, a NAIC 6 rating is used. (2) Single name credit default swaps may reference to the credit of corporate debt, sovereign debt, and structured finance. Index references NAIC designations are based on the lowest rated single name reference included in the index. 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, 2020 and December 31, 2019, the Company had $440 million and $6 million of outstanding notional amounts and reported at fair value as a liability of $21 million and $0 million, respectively. Counterparty Credit Risk The Company is exposed to 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, 2020, there were no net liability derivative positions with counterparties with credit risk-related contingent features. 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, 2020
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, 2019. 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, 2020 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 $ 41,980 $ 132 $ $ 42,112 Obligations of U.S. states and their political subdivisions 0 12,599 4 12,603 Foreign government bonds 0 107,026 10 107,036 U.S. corporate public securities 0 108,346 383 108,729 U.S. corporate private securities(2) 0 37,245 1,966 39,211 Foreign corporate public securities 0 28,170 160 28,330 Foreign corporate private securities 0 26,610 2,594 29,204 Asset-backed securities(3) 0 13,593 541 14,134 Commercial mortgage-backed securities 0 16,335 14 16,349 Residential mortgage-backed securities 0 3,097 11 3,108 Subtotal 0 395,001 5,815 400,816 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 209 0 209 Obligations of U.S. states and their political subdivisions 0 229 0 229 Foreign government bonds 0 876 22 898 Corporate securities 0 14,331 578 14,909 Asset-backed securities(3) 0 1,607 109 1,716 Commercial mortgage-backed securities 0 1,945 1 1,946 Residential mortgage-backed securities 0 1,126 0 1,126 Equity securities 1,582 243 0 1,825 All other(4) 80 882 110 1,072 Subtotal 1,662 21,448 820 23,930 Fixed maturities, trading 0 4,131 240 4,371 Equity securities 5,118 1,097 673 6,888 Commercial mortgage and other loans 0 915 0 915 Other invested assets(5) 115 27,307 782 (26,232) 1,972 Short-term investments 1,124 6,833 183 8,140 Cash equivalents 3,686 8,398 1 12,085 Other assets 0 0 332 332 Separate account assets(6)(7) 46,517 234,126 1,801 282,444 Total assets $ 58,222 $ 699,256 $ 10,647 $ (26,232) $ 741,893 Future policy benefits(8) $ 0 $ 0 $ 23,340 $ $ 23,340 Policyholders’ account balances 0 0 1,549 1,549 Other liabilities 110 12,251 0 (12,190) 171 Notes issued by consolidated VIEs 0 0 775 775 Total liabilities $ 110 $ 12,251 $ 25,664 $ (12,190) $ 25,835 As of December 31, 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 $ 35,554 $ 105 $ $ 35,659 Obligations of U.S. states and their political subdivisions 0 11,493 4 11,497 Foreign government bonds 0 119,032 22 119,054 U.S. corporate public securities 0 97,959 380 98,339 U.S. corporate private securities(2) 0 34,749 1,784 36,533 Foreign corporate public securities 0 29,756 69 29,825 Foreign corporate private securities 0 27,237 1,003 28,240 Asset-backed securities(3) 0 12,238 936 13,174 Commercial mortgage-backed securities 0 15,574 0 15,574 Residential mortgage-backed securities 0 3,189 12 3,201 Subtotal 0 386,781 4,315 391,096 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 185 0 185 Obligations of U.S. states and their political subdivisions 0 212 0 212 Foreign government bonds 0 790 24 814 Corporate securities 0 12,966 637 13,603 Asset-backed securities(3) 0 1,593 69 1,662 Commercial mortgage-backed securities 0 1,896 0 1,896 Residential mortgage-backed securities 0 1,158 0 1,158 Equity securities 1,505 285 0 1,790 All other(4) 0 261 0 261 Subtotal 1,505 19,346 730 21,581 Fixed maturities, trading 0 3,597 287 3,884 Equity securities 5,813 939 633 7,385 Commercial mortgage and other loans 0 228 0 228 Other invested assets(5) 6 14,379 567 (13,519) 1,433 Short-term investments 1,806 1,975 155 3,936 Cash equivalents 2,079 6,796 131 9,006 Other assets 0 0 113 113 Separate account assets(6)(7) 46,574 240,433 1,717 288,724 Total assets $ 57,783 $ 674,474 $ 8,648 $ (13,519) $ 727,386 Future policy benefits(8) $ 0 $ 0 $ 12,831 $ $ 12,831 Policyholders’ account balances 0 0 1,316 1,316 Other liabilities 41 7,495 105 (6,705) 936 Notes issued by consolidated VIEs 0 0 800 800 Total liabilities $ 41 $ 7,495 $ 15,052 $ (6,705) $ 15,883 __________ (1) “Netting” amounts represent cash collateral of $14,042 million and $6,814 million as of September 30, 2020 and December 31, 2019, respectively. (2) Excludes notes with fair value of $6,594 million (carrying amount of $6,466 million) and $4,757 million (carrying amount of $4,751 million) as of September 30, 2020 and December 31, 2019, 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, 2020 and December 31, 2019, the fair values of such investments were $3,977 million and $4,213 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, 2020 and December 31, 2019, the fair value of such investments was $23,039 million and $23,557 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, 2020, the net embedded derivative liability position of $23.3 billion includes $0.3 billion of embedded derivatives in an asset position and $23.7 billion of embedded derivatives in a liability position. As of December 31, 2019, the net embedded derivative liability position of $12.8 billion includes $0.7 billion of embedded derivatives in an asset position and $13.5 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, 2020 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 3,491 Discounted Discount rate 0.50% 30% 5.03% Decrease Market comparables EBITDA multiples(4) 6.5X 15.0X 9.1X Increase Liquidation Liquidation value 15.06% 77.34% 53.84% Increase Equity securities $ 231 Discounted cash flow(5) Discount rate 0.5% 20% Decrease Market comparables EBITDA multiples(4) 1X 8.8X 3.3X Increase Net Asset Value Share price $1 $1,414 $509 Increase Separate account assets-commercial mortgage loans(6) $ 797 Discounted Spread 1.68% 3.29% 1.90% Decrease Liabilities: Future policy benefits(7) $ 23,340 Discounted Lapse rate(9) 1% 20% Decrease Spread over LIBOR(10) 0.09% 1.59% Decrease Utilization rate(11) 39% 96% Increase Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Decrease Equity volatility curve 18% 26% Increase Policyholders’ account balances(8) $ 1,549 Discounted Lapse rate(9) 1% 42% Decrease Spread over LIBOR(10) 0.09% 1.59% Decrease Mortality rate(13) 0% 24% Decrease Equity volatility curve 6% 38% Increase As of December 31, 2019 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 1,424 Discounted Discount rate 0.49% 20% 7.41% Decrease Market comparables EBITDA multiples(4) 5.7X 9.2X 7.3X Increase Liquidation Liquidation value 14.25% 83.61% 59.47% Increase Equity securities $ 210 Discounted cash flow(5) Discount rate 10% 30% Decrease Market comparables EBITDA multiples(4) 1X 10.1X 5.4X Increase Net Asset Value Share price $5 $1,353 $451 Increase Separate account assets-commercial mortgage loans(6) $ 796 Discounted Spread 1.11% 1.85% 1.26% Decrease Liabilities: Future policy benefits(7) $ 12,831 Discounted Lapse rate(9) 1% 18% Decrease Spread over LIBOR(10) 0.10% 1.23% Decrease Utilization rate(11) 43% 97% Increase Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Decrease Equity volatility curve 13% 23% Increase Policyholders’ account balances(8) $ 1,316 Discounted Lapse rate(9) 1% 42% Decrease Spread over LIBOR(10) 0.10% 1.23% Decrease Mortality rate(13) 0% 24% Decrease Equity volatility curve 6% 25% 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) Excludes notes which have been offset with the associated payables under a netting agreement. (4) 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. (5) These investments typically use a range of discount rates (10% to 20%), therefore presenting a range, rather than a weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (6) 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. (7) 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. (8) 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. (9) 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. (10) 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. (11) 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. (12) 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, 2020 and December 31, 2019, the minimum withdrawal rate assumption is 76% and 78% respectively. As of September 30, 2020 and December 31, 2019, 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%. (13) 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. Examples of such interrelationships for significant internally-priced Level 3 assets and liabilities are as follows: Corporate Securities— The rate used to discount future cash flows reflects current risk-free rates plus credit and liquidity spread requirements that market participants would use to value an asset. The discount rate may be influenced by many factors, including market cycles, expectations of default, collateral, term, and asset complexity. Each of these factors can influence discount rates, either in isolation, or in response to other factors. During weaker economic cycles, as the expectations of default increases, credit spreads widen, which results in a decrease in fair value. Asset-Backed Securities— Interrelationships may exist between the prepayment rate, the default rate and/or loss severity, depending on specific market conditions. In stronger economic cycles, prepayment rates are generally driven by overall market interest rates and accompanied by lower default rates and loss severity. During weaker economic cycles, prepayments may decline, as default rates and loss severity increase. Additionally, the impact of these factors on average life varies with the structure and subordination. Generally, a change in the assumption used for the probability of default would have been accompanied by a directionally similar change in the assumption used for the loss severity and a directionally opposite change in the assumption used for prepayment rates. Future Policy Benefits— The Company expects efficient benefit utilization and withdrawal rates to generally be correlated with lapse rates. However, behavior is highly dependent on the facts and circumstances surrounding the individual contractholder, such as their liquidity needs or tax situation, which could drive lapse behavior independent of other contractholder behavior assumptions. To the extent that more efficient contractholder behavior results in greater in-the-moneyness at the contract level, lapse rates may decline for those contracts. Similarly, to the extent that increases in equity volatility are correlated with overall declines in the capital markets, lapse rates may decline as contracts become more in-the-money. 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. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Three Months Ended September 30, 2020 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into 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 $ 122 $ 0 $ 10 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 132 $ 0 U.S. states 4 0 0 0 0 0 0 0 0 4 0 Foreign government 21 1 0 0 0 0 0 0 (12) 10 1 Corporate securities(3) 4,904 215 165 (8) 0 (160) (23) 113 (103) 5,103 193 Structured securities(4) 801 5 96 0 0 (147) 1 68 (258) 566 4 Assets supporting experience-rated contractholder liabilities: Foreign government 24 0 0 0 0 (2) 0 0 0 22 0 Corporate securities(3) 624 5 1 0 0 (6) (22) 0 (24) 578 3 Structured securities(4) 99 1 19 0 0 (9) 0 1 (1) 110 1 Equity securities 0 0 0 0 0 0 0 0 0 0 0 All other activity 7 0 107 0 0 (4) 0 0 0 110 0 Other assets: Fixed maturities, trading 236 0 (1) (1) 0 0 1 4 1 240 1 Equity securities 594 67 15 (3) 0 (4) 5 0 (1) 673 66 Other invested assets 658 3 101 0 1 2 9 8 0 782 4 Short-term investments 44 (1) 145 0 0 (5) 0 0 0 183 0 Cash equivalents 1 0 0 0 0 0 0 0 0 1 0 Other assets 377 (64) 19 0 0 0 0 0 0 332 (62) Separate account assets(5) 1,684 84 65 (5) 0 (14) 0 10 (23) 1,801 87 Liabilities: Future policy benefits (26,439) 3,339 0 0 (331) 0 91 0 0 (23,340) 3,069 Policyholders’ account balances(6) (1,441) (34) 0 0 (74) 0 0 0 0 (1,549) (6) Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs (741) (34) 0 0 0 0 0 0 0 (775) (34) Three Months Ended September 30, 2020 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 (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss)(7) (in millions) Fixed maturities, available-for-sale $ 3 $ 0 $ 0 $ 217 $ 1 $ (12) $ 0 $ 0 $ 210 Assets supporting experience-rated contractholder liabilities 0 4 0 0 2 0 4 0 0 Other assets: Fixed maturities, trading 0 0 0 0 0 0 1 0 0 Equity securities 0 67 0 0 0 0 66 0 0 Other invested assets 0 3 0 0 0 0 4 0 0 Short-term investments (1) 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets (64) 0 0 0 0 (62) 0 0 0 Separate account assets(5) 0 0 84 0 0 0 0 87 0 Liabilities: Future policy benefits 3,339 0 0 0 0 3,069 0 0 0 Policyholders’ account balances (34) 0 0 0 0 (6) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 (34) 0 0 0 0 (34) 0 0 Nine Months Ended September 30, 2020 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into 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 $ 105 $ 0 $ 27 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 132 $ 0 U.S. states 4 0 0 0 0 0 0 0 0 4 0 Foreign government 22 0 0 0 0 0 0 1 (13) 10 0 Corporate securities(3) 3,236 33 584 (126) 0 (490) (22) 2,136 (248) 5,103 19 Structured securities(4) 948 2 484 (17) 0 (444) 156 160 (723) 566 0 Assets supporting experience-rated contractholder liabilities: Foreign government 24 0 0 0 0 (2) 0 0 0 22 0 Corporate securities(3) 637 (22) 5 (9) 0 (71) (22) 92 (32) 578 (25) Structured securities(4) 69 (1) 174 0 0 (19) 0 1 (114) 110 3 Equity securities 0 0 0 0 0 0 0 0 0 0 0 All other activity 0 0 114 0 0 (4) 0 0 0 110 0 Other assets: Fixed maturities, trading 287 (16) 21 (33) 0 0 9 19 (47) 240 (16) Equity securities 633 9 43 (13) 0 (4) 6 0 (1) 673 6 Other invested assets 567 7 182 0 5 (2) 15 8 0 782 9 Short-term investments 155 1 189 0 0 (115) (47) 0 0 183 0 Cash equivalents 131 0 0 0 0 0 (130) 0 0 1 0 Other assets 113 164 55 0 0 0 0 0 0 332 165 Separate account assets(5) 1,717 58 169 (26) 0 (47) 0 43 (113) 1,801 70 Liabilities: Future policy benefits (12,831) (9,630) 0 0 (972) 0 93 0 0 (23,340) (9,940) Policyholders’ account balances(6) (1,316) 38 0 0 (271) 0 0 0 0 (1,549) 80 Other liabilities (105) 105 0 0 0 0 0 0 0 0 105 Notes issued by consolidated VIEs (800) 25 0 0 0 0 0 0 0 (775) 25 Nine Months Ended September 30, 2020 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 (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss)(7) (in millions) Fixed maturities, available-for-sale $ (112) $ 0 $ 0 $ 141 $ 6 $ (118) $ 0 $ 0 $ 137 Assets supporting experience-rated contractholder liabilities 0 (25) 0 0 2 0 (22) 0 0 Other assets: Fixed maturities, trading 0 (17) 0 0 1 0 (16) 0 0 Equity securities 0 9 0 0 0 0 6 0 0 Other invested assets 0 7 0 0 0 1 8 0 0 Short-term investments 1 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 164 0 0 0 0 165 0 0 0 Separate account assets(5) 0 0 58 0 0 0 0 70 0 Liabilities: Future policy benefits (9,630) 0 0 0 0 (9,940) 0 0 0 Policyholders’ account balances 38 0 0 0 0 80 0 0 0 Other liabilities 0 105 0 0 0 0 105 0 0 Notes issued by consolidated VIEs 0 25 0 0 0 0 25 0 0 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 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 (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) 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 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 (loss) 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 __________ (1) “Other,” for the period ended September 30, 2020 primarily represent the sale of POK, reclassifications of certain assets between reporting categories and foreign currency translation. For September 30, 2019, “Other” primarily represent 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. (7) Effective January 1

Closed Block

Closed Block	9 Months Ended
	Sep. 30, 2020
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 additional information on the Closed Block, see Note 15 to the Company’s Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2019. As of September 30, 2020 and December 31, 2019, the Company recognized a policyholder dividend obligation of $2,611 million and $2,816 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 $5,530 million and $3,332 million at September 30, 2020 and December 31, 2019, 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 $ 46,918 $ 47,613 Policyholders’ dividends payable 754 717 Policyholders’ dividend obligation 8,141 6,149 Policyholders’ account balances 4,894 4,973 Other Closed Block liabilities 3,224 4,049 Total Closed Block liabilities 63,931 63,501 Closed Block assets Fixed maturities, available-for-sale, at fair value 41,973 41,146 Fixed maturities, trading, at fair value 257 256 Equity securities, at fair value 2,074 2,245 Commercial mortgage and other loans 8,419 8,629 Policy loans 4,106 4,264 Other invested assets 3,418 3,333 Short-term investments 79 227 Total investments 60,326 60,100 Cash and cash equivalents 385 191 Accrued investment income 459 456 Other Closed Block assets 141 93 Total Closed Block assets 61,311 60,840 Excess of reported Closed Block liabilities over Closed Block assets 2,620 2,661 Portion of above representing accumulated other comprehensive income (loss): Net unrealized investment gains (losses) 5,473 3,280 Allocated to policyholder dividend obligation (5,530) (3,332) Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,563 $ 2,609 Information regarding the policyholder dividend obligation is as follows: Nine Months Ended (in millions) Balance, December 31, 2019 $ 6,149 Cumulative effect adjustment from the adoption of ASU 2016-13(1) (13) Impact from earnings allocable to policyholder dividend obligation (192) Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation 2,197 Balance, September 30, 2020 $ 8,141 __________ (1) See Note 2 for more information. Closed Block revenues and benefits and expenses are as follows for the periods indicated: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (in millions) Revenues Premiums $ 459 $ 510 $ 1,457 $ 1,618 Net investment income 586 591 1,649 1,732 Realized investment gains (losses), net 18 351 266 456 Other income (loss) 242 31 (43) 356 Total Closed Block revenues 1,305 1,483 3,329 4,162 Benefits and Expenses Policyholders’ benefits 641 659 2,013 2,148 Interest credited to policyholders’ account balances 32 33 96 97 Dividends to policyholders 532 649 955 1,617 General and administrative expenses 81 88 248 266 Total Closed Block benefits and expenses 1,286 1,429 3,312 4,128 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes 19 54 17 34 Income tax expense (benefit) 4 39 (30) (14) Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 15 $ 15 $ 47 $ 48

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
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 $7 million, or (0.6)% of income (loss) before income taxes and equity in earnings of operating joint ventures, in the first nine months of 2020, compared to an income tax expense of $726 million, or 19.4%, in the first nine months of 2019. 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, foreign earnings taxed at higher rates than the U.S. statutory rate, and the items discussed below. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted into law. One provision of the CARES Act amends the Tax Cuts and Jobs Act (“TCJA”) and allows companies with net operating losses (“NOLs”) originating in 2018, 2019 or 2020 to carry back those losses for five years. The Company has incorporated into the full year projected effective tax rate an income tax benefit of $325 million that would result from carrying the estimated 2020 NOL back to tax years that have a 35% tax rate. The projected tax benefit related to the NOL carryback was partially offset by an incremental Global Intangible Low-Taxed Income (“GILTI”) tax expense of $13 million driven primarily by projected overall domestic losses (“ODLs”) which resulted in a reduced GILTI foreign tax credit. These amounts are estimates and will change if the amount of, and sources of, 2020 net taxable income are different from forecast. The inclusion of these two amounts in the full year projected effective tax rate results in a projected negative effective tax rate for the year, which when applied to the year-to-date pre-tax loss resulted in a $38 million increase to our income tax expense for the first nine months of 2020. The first nine months of 2020 also include a $47 million reduction in income tax expense recorded as a discrete item from the carryback of 2018 NOL and related ODL. On July 20, 2020, the U.S. Treasury and the Internal Revenue Service issued Final Regulations which will allow an annual election to exclude from the U.S. tax return certain GILTI amounts when the taxes paid by a foreign affiliate exceed 18.9% (90% of U.S. statutory rate of 21%) of the GILTI amount for that foreign affiliate (the “high-tax exception”). These regulations are effective for the 2021 taxable year with an election to apply to any taxable year beginning after 2017. In many of the countries in which we operate, including Japan, there are differences between local tax rules used to determine the tax base and the U.S. tax principles used to determine GILTI. Also, our Japan affiliates have a different tax year than the U.S. calendar tax year used to determine GILTI. Therefore, while many of the countries, including Japan, have a statutory tax rate above the 18.9% threshold, separate affiliates may not meet the 18.9% threshold each year and, as such, may not qualify for this exclusion. The Company plans to make the high-tax exception election for the 2020 tax year and reflected the impact of the election in its full year projected effective tax rate used to calculate year-to-date taxes for the first nine months of 2020. The Company is in the process of reviewing and estimating the impacts of the regulations for the 2018 and 2019 tax years. The Treasury Department and the IRS also issued Proposed Regulations on July 20th which would require that, if a high-tax exception election is made with respect to GILTI in any year, an election having the same effect must also be made with regard to income taxed under Subpart F of the Tax Code. Such an election under Subpart F of the Tax Code would apply to the Full Inclusion election made by the Company for its insurance operations in Brazil, thereby increasing the tax rate applied to our Brazil insurance operations. The Proposed Regulations will be effective for taxable years beginning after they are issued in final form.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2020
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 2020 2019 2020 2019 (in millions) Components of net periodic (benefit) cost: Service cost $ 80 $ 73 $ 6 $ 5 Interest cost 108 122 15 20 Expected return on plan assets (201) (204) (25) (24) Amortization of prior service cost (1) (1) 2 1 Amortization of actuarial (gain) loss, net 65 54 4 6 Settlements (1) 4 0 0 Special termination benefits(1)(2) 5 2 0 0 Net periodic (benefit) cost $ 55 $ 50 $ 2 $ 8 Nine Months Ended September 30, Pension Benefits Other Postretirement Benefits 2020 2019 2020 2019 (in millions) Components of net periodic (benefit) cost: Service cost $ 241 $ 218 $ 18 $ 16 Interest cost 323 368 47 59 Expected return on plan assets (604) (612) (75) (71) Amortization of prior service cost (3) (3) 5 3 Amortization of actuarial (gain) loss, net 196 162 12 18 Settlements 3 52 0 0 Special termination benefits(1)(2) 7 3 0 0 Net periodic (benefit) cost $ 163 $ 188 $ 7 $ 25 __________ (1) For 2020 certain employees were provided special termination benefits under non-qualified plans in the form of unreduced early retirement benefits as a result of their involuntary termination or participation in the Voluntary Separation Program that was offered to eligible U.S.-based employees in 2019. (2) For 2019 certain employees were provided special termination benefits under non-qualified plans in the form of unreduced early retirement benefits as a result of their involuntary termination.

Equity

Equity	9 Months Ended
	Sep. 30, 2020
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 Outstanding (in millions) Balance, December 31, 2019 666.3 267.5 398.8 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 6.7 (6.7) Stock-based compensation programs(1) 0.0 (3.3) 3.3 Balance, September 30, 2020 666.3 270.9 395.4 __________ (1) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs. In December 2019, 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, 2020 through December 31, 2020. As of September 30, 2020, 6.7 million shares of the Company’s Common Stock were repurchased under this authorization at a total cost of $500 million. The Company suspended Common Stock repurchases under the existing repurchase authorization beginning April 1, 2020 and does not intend to resume share repurchases this year as the duration and severity of the pandemic and its effect on the economy remain uncertain. The Company will evaluate the resumption of share repurchases as informed by the market environment and any alternative opportunities for capital deployment. 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 2020 2019 2020 2019 Dividends declared per share of Common Stock $ 1.10 $ 1.00 $ 3.30 $ 3.00 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, 2020 and 2019, are as follows: Accumulated Other Comprehensive Income (Loss) Attributable to Foreign Currency Net Unrealized Pension and Total (in millions) Balance, December 31, 2019 $ (536) $ 28,112 $ (3,537) $ 24,039 Change in OCI before reclassifications 69 7,939 8 8,016 Amounts reclassified from AOCI 46 (1,045) 210 (789) Income tax benefit (expense) 73 (1,289) (49) (1,265) Balance, September 30, 2020 $ (348) $ 33,717 $ (3,368) $ 30,001 Accumulated Other Comprehensive Income (Loss) Attributable to Foreign Currency Net Unrealized Pension and Total (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 __________ (1) Includes cash flow hedges of $1,407 million and $832 million as of September 30, 2020 and December 31, 2019, respectively, and $1,584 million and $811 million as of September 30, 2019 and December 31, 2018, respectively, and fair value hedges of $(1) million and $0 million as of September 30, 2020 and December 31, 2019, respectively. Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Nine Months Ended Affected line item in Consolidated Statements of Operations 2020 2019 2020 2019 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustments $ (2) $ 0 $ (7) $ (5) Realized investment gains (losses), net Foreign currency translation adjustments (39) 0 (39) 0 Other income (loss) Total foreign currency translation adjustment (41) 0 (46) (5) Net unrealized investment gains (losses): Cash flow hedges—Interest rate 19 57 27 56 (3) Cash flow hedges—Currency 0 3 4 5 (3) Cash flow hedges—Currency/Interest rate (77) 267 343 438 (3) Net unrealized investment gains (losses) on available-for-sale securities 401 360 671 689 Total net unrealized investment gains (losses) 343 687 1,045 1,188 (4) Amortization of defined benefit pension items: Prior service cost (1) 0 (2) 0 (5) Actuarial gain (loss) (69) (60) (208) (180) (5) Total amortization of defined benefit pension items (70) (60) (210) (180) Total reclassifications for the period $ 232 $ 627 $ 789 $ 1,003 __________ (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 10 for information on employee benefit plans. Net Unrealized Investment Gains (Losses) Net unrealized investment gains (losses) on available-for-sale fixed maturity securities 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 available-for-sale fixed maturity securities on which an allowance for credit losses has been recognized, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Investment Gains (Losses) on Available-for-sale Fixed Maturity Securities on which an allowance for credit losses has been recognized Net Unrealized DAC, DSI, VOBA and Reinsurance Recoverables Future Policy Policyholders’ Deferred Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) (in millions) December 31, 2019(1) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Net investment gains (losses) on investments arising during the period 41 (8) 33 Reclassification adjustment for (gains) losses included in net income 23 (4) 19 Increase (Decrease) due to non-credit related losses recognized in AOCI during the period (87) 17 (70) Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables 2 0 2 Impact of net unrealized investment (gains) losses on future policy benefits, policyholders’ account balances and reinsurance payables 0 0 0 Impact of net unrealized investment (gains) losses on policyholders’ dividends (3) 1 (2) Balance, September 30, 2020 $ (23) $ 2 $ 0 $ (3) $ 6 $ (18) __________ (1) Allowance for credit losses on available-for-sale fixed maturity securities effective January 1, 2020. All Other Net Unrealized Investment Gains (Losses) in AOCI Net Unrealized DAC, DSI, VOBA and Reinsurance Recoverables Future Policy Policyholders’ Deferred Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) (in millions) December 31, 2019(2) $ 45,339 $ (1,585) $ (2,909) $ (3,366) $ (9,367) $ 28,112 Net investment gains (losses) on investments arising during the period 11,509 (2,232) 9,277 Reclassification adjustment for (gains) losses included in net income (1,068) 207 (861) Reclassification due to allowance for credit losses recorded during the period 87 (17) 70 Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables 336 (68) 268 Impact of net unrealized investment (gains) losses on future policy benefits, policyholders’ account balances and reinsurance payables (1,764) 357 (1,407) Impact of net unrealized investment (gains) losses on policyholders’ dividends (2,182) 458 (1,724) Balance, September 30, 2020 $ 55,867 $ (1,249) $ (4,673) $ (5,548) $ (10,662) $ 33,735 __________ (1) Includes cash flow and fair value hedges. See Note 5 for information on cash flow and fair value hedges. (2) Includes net unrealized gains (losses) for which an OTTI loss had been previously recognized.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2020
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, 2020 2019 Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 1,507 $ 1,425 Less: Income (loss) attributable to noncontrolling interests 20 7 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 18 15 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,469 395.3 $ 3.72 $ 1,403 404.1 $ 3.47 Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 18 $ 15 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 18 15 Stock options 0.3 1.0 Deferred and long-term compensation programs 1.5 1.2 Exchangeable Surplus Notes 0 0.0 1 2.2 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,469 397.1 $ 3.70 $ 1,404 408.5 $ 3.44 Nine Months Ended September 30, 2020 2019 Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ (1,168) $ 3,100 Less: Income (loss) attributable to noncontrolling interests 25 42 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 16 33 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ (1,209) 395.6 $ (3.06) $ 3,025 406.2 $ 7.45 Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 16 $ 33 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 16 33 Stock options 0.0 1.1 Deferred and long-term compensation programs 0.0 1.1 Exchangeable Surplus Notes 0 0.0 12 4.8 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ (1,209) 395.6 $ (3.06) $ 3,037 413.2 $ 7.35 __________ (1) For the nine months ended September 30, 2020, weighted average shares for basic earnings per share is also used for calculating diluted earnings per share because dilutive shares and dilutive earnings per share are not applicable when a net loss is reported. As a result of the net loss attributable to Prudential Financial available to holders of Common Stock for the nine months ended September 30, 2020, all potential stock options and compensation programs were considered antidilutive. 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, 2020 and 2019, as applicable, were based on 4.9 million and 4.5 million of such awards, respectively, and for the nine months ended September 30, 2020 and 2019, as applicable, were based on 5.0 million and 4.6 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, 2020 2019 Shares Exercise Price Shares Exercise Price (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 3.2 $ 84.17 1.4 $ 101.57 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 0.2 0.0 Antidilutive shares due to net loss available to holders of Common Stock 0.0 0.0 Total antidilutive stock options and shares 3.4 1.4 Nine Months Ended September 30, 2020 2019 Shares Exercise Price Shares Exercise Price (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 3.4 $ 80.64 1.2 $ 103.35 Antidilutive stock options due to net loss available to holders of Common Stock 0.4 0.0 Antidilutive shares based on application of the treasury stock method 0.2 0.0 Antidilutive shares due to net loss available to holders of Common Stock 1.6 0.0 Total antidilutive stock options and shares 5.6 1.2 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, for the three and nine months ended September 30, 2019, the potential shares that would be issued assuming a hypothetical exchange, weighted for the period the notes were 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, 2020
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Segments The Company’s principal operations are comprised of PGIM (the Company’s global investment management business), the U.S. Businesses (consisting of the U.S. Workplace Solutions, U.S. Individual Solutions, and Assurance IQ divisions), the International Businesses, the Closed Block division, and the Company’s Corporate and Other operations. The U.S. Workplace Solutions division consists of the Retirement and Group Insurance businesses, the U.S. Individual Solutions division consists of the Individual Annuities and Individual Life businesses, and the Assurance IQ division consists of the Assurance IQ business. In October 2019, the Company completed the acquisition of Assurance IQ, LLC (“Assurance IQ”), a leading consumer solutions platform that offers a range of solutions that help meet consumers’ financial needs. 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. 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; • Divested and Run-off Businesses; • Other adjustments; 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 additional information on these reconciling items, see Note 22 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. The Company has historically reflected the results of its variable annuities hedging programs in adjusted operating income over time. Beginning with the second quarter of 2020, these impacts are excluded from adju s ted operating income which the Company believes enhances the understanding of underlying performance trends. 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 2020 2019 2020 2019 Adjusted operating income before income taxes by segment: (in millions) PGIM $ 370 $ 232 $ 858 $ 710 U.S. Businesses: U.S. Workplace Solutions division: Retirement 372 302 898 1,020 Group Insurance 22 90 71 224 Total U.S. Workplace Solutions division 394 392 969 1,244 U.S. Individual Solutions division: Individual Annuities(1) 408 459 1,030 1,393 Individual Life 101 59 17 29 Total U.S. Individual Solutions division 509 518 1,047 1,422 Assurance IQ division(2): Assurance IQ (30) 0 (69) 0 Total Assurance IQ division (30) 0 (69) 0 Total U.S. Businesses 873 910 1,947 2,666 International Businesses(3) 775 721 2,162 2,364 Corporate and Other (455) (281) (1,338) (1,028) Total segment adjusted operating income before income taxes 1,563 1,582 3,629 4,712 Reconciling items: Realized investment gains (losses), net, and related adjustments(4) 223 331 (2,746) (882) Charges related to realized investment gains (losses), net (70) (92) (353) (149) Market experience updates(5) (134) (314) (1,016) (515) Divested and Run-off Businesses: Closed Block division 8 45 (15) 5 Other Divested and Run-off Businesses(3) (132) 207 (725) 641 Other adjustments(6) (12) 0 65 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests 1 (34) (62) (71) Income (loss) before income taxes and equity in earnings of operating joint ventures per Unaudited Interim Consolidated Financial Statements $ 1,447 $ 1,725 $ (1,223) $ 3,741 ________ (1) Individual Annuities segment results reflect DAC as if the Individual Annuities 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) Assurance IQ was acquired by the Company in October 2019. For additional information, see Note 1 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. (3) Effective second quarter of 2020, the results of POK and the impact of its sale are excluded from the International Businesses and are included in the Divested and Run-off Businesses in Corporate and Other. Effective third quarter of 2020, the results of POT and the impact of its anticipated sale are excluded from the International Businesses and are included in the Divested and Run-off Businesses in Corporate and Other. Prior period amounts have been updated to conform to current period presentation. See Note 1 for additional information. (4) Prior period amounts have been updated to conform to current period presentation. (5) 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. (6) Represents adjustments not included in the above reconciling items. “Other adjustments” include certain components of the consideration for the Assurance IQ acquisition, which are recognized as compensation expense over the requisite service periods, as well as changes in the fair value of contingent consideration. Reconciliation of select 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. September 30, December 31, Assets by segment: (in millions) PGIM $ 48,507 $ 47,655 U.S. Businesses: U.S. Workplace Solutions division: Retirement 205,878 198,153 Group Insurance 43,851 43,712 Total U.S. Workplace Solutions division 249,729 241,865 U.S. Individual Solutions division: Individual Annuities 193,509 189,040 Individual Life 104,036 96,072 Total U.S. Individual Solutions division 297,545 285,112 Assurance IQ division(1): Assurance IQ 2,621 2,639 Total Assurance IQ division 2,621 2,639 Total U.S. Businesses 549,895 529,616 International Businesses(2) 224,932 213,335 Corporate and Other(2) 26,433 44,619 Closed Block division 61,822 61,327 Total assets per Unaudited Interim Consolidated Financial Statements $ 911,589 $ 896,552 __________ (1) Assurance IQ was acquired by the Company in October 2019. For additional information, see Note 1 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. (2) Effective second quarter of 2020, the carrying amount of assets of POK are excluded from the International Businesses and are included in the Divested and Run-off Businesses in Corporate and Other. Effective third quarter of 2020, the carrying amount of assets of POT are excluded from the International Businesses and are included in the Divested and Run-off Businesses in Corporate and Other. Prior period amounts have been updated to conform to current period presentation. See Note 1 for additional information. Three Months Ended Nine Months Ended 2020 2019 2020 2019 Revenues on an adjusted operating income basis: (in millions) PGIM $ 1,066 $ 855 $ 2,801 $ 2,651 U.S. Businesses: U.S. Workplace Solutions division: Retirement 2,690 2,261 8,119 8,486 Group Insurance 1,457 1,438 4,352 4,340 Total U.S. Workplace Solutions division 4,147 3,699 12,471 12,826 U.S. Individual Solutions division: Individual Annuities 1,148 1,251 3,249 3,774 Individual Life 1,609 1,529 4,702 4,519 Total U.S. Individual Solutions division 2,757 2,780 7,951 8,293 Assurance IQ division(1): Assurance IQ 75 0 194 0 Total Assurance IQ division 75 0 194 0 Total U.S. Businesses 6,979 6,479 20,616 21,119 International Businesses(2) 5,481 5,216 16,201 15,734 Corporate and Other (190) (177) (545) (512) Total revenues on an adjusted operating income basis 13,336 12,373 39,073 38,992 Reconciling items: Realized investment gains (losses), net, and related adjustments(3) 392 491 (2,290) (6) Charges related to realized investment gains (losses), net (40) (62) (121) (187) Market experience updates(4) (58) (67) (406) (74) Divested and Run-off Businesses: Closed Block division 1,301 1,482 3,318 4,157 Other Divested and Run-off Businesses(2) 511 928 1,411 2,813 Other adjustments(5) 0 0 105 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (17) (40) (86) (111) Total revenues per Unaudited Interim Consolidated Financial Statements $ 15,425 $ 15,105 $ 41,004 $ 45,584 __________ (1) Assurance IQ was acquired by the Company in October 2019. For additional information, see Note 1 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. (2) Effective second quarter of 2020, the results of POK and the impact of its sale are excluded from the International Businesses and are included in the Divested and Run-off Businesses in Corporate and Other. Effective third quarter of 2020, the results of POT and the impact of its anticipated sale are excluded from the International Businesses and are included in the Divested and Run-off Businesses in Corporate and Other. Prior period amounts have been updated to conform to current period presentation. See Note 1 for additional information. (3) Prior period amounts have been updated to conform to current period presentation. (4) 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. (5) Represents adjustments not included in the above reconciling items. “Other adjustments” include certain components of the consideration for the Assurance IQ acquisition, which are recognized as compensation expense over the requisite service periods, as well as changes in the fair value of contingent consideration. 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 2020 2019 2020 2019 (in millions) PGIM segment intersegment revenues $ 215 $ 197 $ 640 $ 571 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, 2020 2019 2020 2019 (in millions) Asset-based management fees $ 930 $ 881 $ 2,644 $ 2,596 Performance-based incentive fees 43 10 73 108 Other fees 147 147 427 433 Total asset management and service fees $ 1,120 $ 1,038 $ 3,144 $ 3,137

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2020
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 $ 1,701 $ 2,129 Portion of commitment where prearrangement to sell to investor exists $ 959 $ 751 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. The above amount includes unfunded commitments that are not unconditionally cancellable. For related credit exposure, there was an allowance for credit losses of $1 million as of September 30, 2020, which is a change of $(1) million for the three and nine months ended September 30, 2020. 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 $ 8,968 $ 7,372 Expected to be funded from separate accounts $ 120 $ 49 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. The above amount includes unfunded commitments that are not unconditionally cancellable. There were no related charges for credit losses for the three and nine months ended September 30, 2020. 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) $ 7,328 $ 5,071 Fair value of related collateral associated with above indemnifications(2) $ 7,480 $ 5,204 Accrued liability associated with guarantee $ 0 $ 0 __________ (1) Includes $34 million and $38 million related to securities repurchase transactions as of September 30, 2020 and December 31, 2019, respectively. (2) Includes $34 million and $37 million related to securities repurchase transactions as of September 30, 2020 and December 31, 2019, respectively. 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 $ 84,088 $ 80,009 Fair value of collateral supporting these assets $ 88,425 $ 81,604 Asset (liability) associated with guarantee, carried at fair value $ 1 $ 1 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 $ 2,451 $ 2,113 First-loss exposure portion of above $ 718 $ 622 Accrued liability associated with guarantees(1) $ 39 $ 19 __________ (1) As of September 30, 2020, the accrued liability associated with guarantees includes an allowance for credit losses of $18 million, which is a change of $1 million and $0 million for the three and nine months ended September 30, 2020, respectively. 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 4% 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 $19,411 million and $16,878 million of mortgages subject to these loss-sharing arrangements as of September 30, 2020 and December 31, 2019, respectively, all of which are collateralized by first priority liens on the underlying multi-family residential properties. As of September 30, 2020, these mortgages had a weighted-average debt service coverage ratio of 1.89 times and a weighted-average loan-to-value ratio of 62%. As of December 31, 2019, these mortgages had a weighted average debt service coverage ratio of 1.88 times and a weighted-average loan-to-value ratio of 61%. The Company had no losses related to indemnifications that were settled for both the nine months ended September 30, 2020 and 2019. Other Guarantees September 30, December 31, (in millions) Other guarantees where amount can be determined $ 52 $ 55 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 reflects $9 million and $12 million as of September 30, 2020 and December 31, 2019, 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. Assurance IQ Contingent Consideration Liability On October 10, 2019, the Company completed its acquisition of Assurance IQ, a leading consumer solutions platform that offers a range of solutions that help meet consumers’ financial needs. For additional information, see Note 1 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Pursuant to the merger agreement, contingent consideration as well as additional compensation awards are payable in 2023 in a mix of approximately 25% cash and 75% Prudential Financial Common Stock, contingent upon Assurance IQ’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 follows: • If Variable Profits are less than $900 million, no additional amount is payable. • If Variable Profits are greater than $1,300 million, an additional amount of $1,150 million is payable. • If Variable Profits are greater than $900 million but less than or equal to $1,300 million, an additional amount is payable 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) $1,150 million. Payment of the additional amount may be accelerated if the Company violates certain provisions of the merger agreement requiring it to take or refrain from taking certain actions, including with respect to the management and operation of Assurance IQ. The contingent consideration liability referred to above is reported at fair value. Fair value is determined based on the present value of expected payments under the arrangement described above, using an internally developed option pricing model based on a number of assumptions, including certain unobservable assumptions for future Variable Profits and the future price of Prudential Financial Common Stock. The fair value of the liability is updated each reporting period, with changes in fair value reported within “Other income.” The fair value of the contingent consideration liability was zero as o f September 30, 2020 and $105 million as of December 31, 2019 (see Note 6 for additional information). The stock-based component of contingent consideration impacts the share count for purposes of calculating the Company’s diluted earnings per share when Assurance IQ’s actual Variable Profits achieved as of the end of the reporting period is in excess of $900 million, as if the contingent consideration performance period ended on the applicable reporting date. The number of shares issued as part of the contingent consideration payable in 2023 will be based on a $83.71 price per share. 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, 2020, 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 23 to the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, and should be read in conjunction with the complete descriptions provided in the Form 10-K. Individual Annuities, Individual Life, and Group Insurance Broderick v. PICA, et al. In September 2020, the parties filed a Joint Stipulation of Dismissal with Prejudice. This matter is closed. Behfarin v. Pruco Life In June 2020, the court issued an order: (i) granting plaintiffs’ motion for certification of the settlement class; (ii) approving the proposed nationwide class settlement agreement; (iii) approving the class notice; (iv) awarding attorneys’ fees and costs to plaintiffs and a reduced incentive award to Behfarin; and (v) dismissing the action with prejudice, but maintaining jurisdiction over the settlement. Securities Litigation City of Warren v. PFI, et al In March 2020, the court issued an order consolidating this action with Donald P. Crawford v. PFI, et al. under the caption In re Prudential Financial, Inc. Securities Litigation. In June 2020, plaintiffs filed an amended complaint and added Robert M. Falzon, PFI’s vice chairman, as an individual defendant. In August 2020, the Company filed a motion to dismiss the amended complaint. Donald P. Crawford v. PFI, et al. In March 2020, the court issued an order consolidating this action with City of Warren v. PFI, et al. under the caption In re Prudential Financial, Inc. Securities Litigation. Case updates are consolidated with the City of Warren action. Pekin Police Pension Fund v. Charles F. Lowrey, et al. In September 2020, a shareholder derivative complaint entitled Pekin Police Pension Fund, Derivatively on Behalf of Prudential Financial, Inc. v. Charles F. Lowrey, et al ., was filed in the United States District Court for the District of New Jersey (the “Derivative Complaint”) against PFI as a “nominal” defendant, PFI’s chairman and chief executive officer, vice chairman, chief financial officer, certain former officers of PFI, and all of the current outside directors of PFI’s Board. The Derivative Complaint asserts claims for federal securities law violations, breach of fiduciary duty, waste of corporate assets, and unjust enrichment, and alleges that: (i) the Company's reserve assumptions failed to account for adversely developing mortality experience in the Individual Life business segment; (ii) the Company's reserves were insufficient to satisfy its future policy benefit liabilities; (iii) the Company materially understated its liabilities and overstated net income due to flawed assumptions in calculating mortality experience; and (iv) the individual defendants breached their duty of care and loyalty to the Company by allowing the alleged improper activity. Daniel Plaut v. Prudential Financial, Inc. In October 2020, a shareholder derivative complaint entitled Daniel Plaut, Derivatively on Behalf of Prudential Financial, Inc. v. Charles F. Lowrey, et al ., was filed in the Superior Court of New Jersey, Law Division, Essex County (the “Derivative Complaint”) against PFI as a “nominal” defendant, PFI’s chairman and chief executive officer, vice chairman, and all of the current outside directors of PFI’s Board. The Derivative Complaint asserts claims for breach of fiduciary duty, unjust enrichment, and abuse of control and alleges that: (i) the Company's reserve assumptions failed to account for adversely developing mortality experience in the Individual Life business segment; (ii) the Company's reserves were insufficient to satisfy its future policy benefit liabilities; (iii) the Company materially understated its liabilities and overstated net income due to flawed assumptions in calculating mortality experience; and (iv) the individual defendants engaged in corporate misconduct, mismanagement and waste through their participation in the alleged wrongdoing. Shareholder Demands In January 2020, the Board of Directors received a shareholder demand letter containing allegations: (i) of wrongdoing similar to those alleged in the City of Warren and Crawford complaints; and (ii) that certain of the Company’s current and former directors and executive officers breached their fiduciary duties of loyalty, due care and candor. The demand letter requests that the Board of Directors investigate and commence legal proceedings against the named individuals to recover for the Company’s benefit the damages purportedly sustained by the Company as a result of the alleged breaches. In February 2020, the Board of Directors authorized the creation of a special committee to investigate the allegations set forth in the shareholder demand letter. In April 2020, the Company received additional shareholder demands raising allegations similar to those contained in the January 2020 demand, and may be subject prospectively to additional activity relating to these matters. Other Matters Cho v. PICA, et al. In September 2020, plaintiff filed an amended complaint and added as individual defendants certain PFI officers and current and former members of the Company’s Administrative Committee and Investment Oversight Committee. 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 May 2020, the court issued two orders approving stipulations dismissing with prejudice Prudential’s claims against Barclays Bank PLC, Barclays Capital Inc., and Barclays PLC. In August 2020, the court issued two orders approving stipulations dismissing with prejudice Prudential’s claims against Deutsche Bank AG. In October 2020, the court issued orders approving stipulations dismissing with prejudice Prudential’s claims against JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., and J.P. Morgan Securities LLC, f/k/a/ J.P. Morgan Securities Inc., Bank of America Corporation, Bank of America, N.A., and Merrill Lynch, Pierce, Fenner & Smith Inc., f/k/a Banc of America Securities LLC. 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.

Significant Accounting Polici_2

Significant Accounting Policies and Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“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”). The Unaudited Interim Consolidated Financial Statements include the accounts of Prudential Financial, entities over which the Company exercises control, including majority-owned subsidiaries and minority-owned entities such as limited partnerships in which the Company is the general partner and variable interest entities (“VIEs”) in which the Company is considered the primary beneficiary. See Note 4 for additional information on the Company’s consolidated variable interest entities. Intercompany balances and transactions have been eliminated. 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, 2019.
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; policyholders’ account balances related to the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and fixed annuity products; 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, measurement of allowance for credit losses, and 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	Adoption of ASU 2016-13 The Company adopted ASU 2016-13, and related ASUs, effective January 1, 2020 using the modified retrospective method for certain financial assets carried at amortized cost and certain off-balance sheet exposures. The modified retrospective method results in a cumulative effect adjustment to opening retained earnings. The Company adopted the guidance related to fixed maturities, available-for-sale on a prospective basis. This ASU requires the use of a new current expected credit loss (“CECL”) model to account for expected credit losses on certain financial assets reported at amortized cost (e.g., loans held for investment, fixed maturities held-to-maturity, reinsurance receivables, etc.) and certain off-balance sheet credit exposures (e.g., indemnification of serviced mortgage loans and certain loan commitments). The guidance requires an entity to estimate lifetime credit losses related to such financial assets and credit exposures based on relevant information about past events, current conditions, and reasonable and supportable forecasts that may affect the collectability of the reported amounts. The standard also modifies the OTTI guidance for fixed maturities, available-for-sale requiring the use of an allowance rather than a direct write-down of the investment. The impacts of this ASU on the Company’s Consolidated Financial Statements primarily include (1) A Cumulative Effect Adjustment Upon Adoption; (2) Changes to the Presentation of the Consolidated Statements of Financial Position and Consolidated Statements of Operations; and (3) Changes to Accounting Policies. Each of these impacts is described below. This section is meant to serve as an update to, and should be read in conjunction with, Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. (1) Cumulative Effect Adjustment Upon Adoption Summary of Transition Impact on the Consolidated Statements of Financial Position Upon Adoption on January 1, 2020 Increase/(Decrease) (in millions) Fixed maturities, held-to-maturity $ (9) Commercial mortgage and other loans (115) Other invested assets (1) Deferred policy acquisition costs 9 Other assets (6) Total assets $ (122) Policyholders' dividends $ (14) Other liabilities 21 Income taxes (30) Total liabilities (23) Retained earnings (99) Total equity (99) Total liabilities and equity $ (122) The prospective adoption of the portions of the standard related to fixed maturities, available-for-sale resulted in no impact to opening retained earnings. (2) Changes to the Presentation of the Consolidated Statements of Financial Position and Consolidated Statements of Operations The allowance for credit losses is presented parenthetically on relevant line items in the Consolidated Statements of Financial Position. In the Consolidated Statements of Operations, realized investment gains (losses), net are presented on one line item and will no longer reflect the breakout of OTTI on fixed maturity securities; OTTI on fixed maturity securities transferred to other comprehensive income (“OCI”); and other realized investment gains (losses), net. The presentation of this detail in prior periods is immaterial. (3) Changes to Accounting Policies This section has been updated to include the following changes in our accounting policies resulting from the adoption of ASU 2016-13. Fixed maturities, available-for-sale Fixed maturities, available-for-sale (“AFS debt securities”) are reported at fair value in the Statements of Financial Position. Interest income, and amortization of premium and accretion of discount are included in “Net investment income” under the effective yield method. For mortgage-backed and asset-backed securities, the effective yield is based on estimated cash flows, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also vary based on other assumptions relating to the underlying collateral, including default rates and changes in value. These assumptions can significantly impact income recognition and the amount of impairments recognized in earnings and OCI. For mortgage-backed and asset-backed securities rated below AA, the effective yield is adjusted prospectively for any changes in the estimated timing and amount of cash flows unless the investment is impaired or purchased with credit deterioration. For impaired mortgage-backed and asset-backed securities rated below AA, the effective yield is adjusted prospectively only if subsequent favorable or adverse changes in expected cash flows are not reflected in the allowance for credit losses. Prior to the adoption of this standard, the effective yield was adjusted prospectively regardless of whether the investment was impaired or not. AFS debt securities with unrealized losses are reviewed quarterly to determine whether the amortized cost basis of the security is recoverable. In evaluating whether the amortized cost basis is recoverable, the Company considers several factors including, but not limited to the extent of the decline and the reasons for the decline in value (credit events, currency or interest-rate related, including general credit spread widening), and the financial condition of the issuer. When an AFS debt security is in an unrealized loss position and (1) the Company has the intent to sell the AFS debt security, or (2) it is more likely than not the Company will be required to sell the AFS debt security before its anticipated recovery, or (3) the Company has deemed the AFS debt security to be uncollectable, the amortized cost basis of the AFS debt security is written down to fair value and any previously recognized allowance is reversed. The impairment is reported in “Realized investment gains (losses), net.” The new cost basis is not adjusted for subsequent increases in estimated fair value. For an AFS debt security in an unrealized loss position that does not meet these conditions, the Company analyzes its ability to recover the amortized cost by comparing the net present value of projected future cash flows (the “net present value”) with the amortized cost of the security. The net present value is calculated by discounting the Company’s best estimate of projected future cash flows at the effective interest rate implicit in the AFS debt security at the date of acquisition. The Company may use the estimated fair value of collateral, if any, as a proxy for the net present value if it believes that the security is dependent on the liquidation of collateral for recovery of its investment. If the net present value is less than the amortized cost of the investment, an allowance for losses is recognized in earnings for the difference between amortized cost and the net present value and is limited to the difference between amortized cost and fair value of the AFS debt security. Any difference between the fair value and the net present value of the debt security at the impairment measurement date remains in “Other comprehensive income (loss).” Changes in the allowance for losses are reported in “Realized investment gains (losses), net.” Prior to the adoption of this standard, any impairments on AFS debt securities were reported as an adjustment to the amortized cost basis of the security. Subsequent to the impairment, the AFS debt security was treated as if it were newly acquired at the date of impairment, and any increases in cash flows expected to be collected were accreted into net investment income over the life of the investment. Fixed maturities, held-to-maturity Fixed maturities, held-to-maturity are reported in the Statements of Financial Position at amortized cost net of the CECL allowance. The CECL allowance is generally determined based on probability of default and loss given default assumptions according to sector, credit quality and remaining time to maturity. Additions to or releases of the allowance are reported in “Realized investment gains (losses), net.” Prior to the adoption of this standard, fixed maturities, held-to-maturity deemed to be OTTI were written down to the net present value of expected cash flows. Any difference between the fair value and the net present value of the debt security at the impairment measurement date was recorded in “Other comprehensive income (loss).” Interest income, and amortization of premium and accretion of discount are included in “Net investment income” under the effective yield method. For mortgage-backed and asset-backed securities, the effective yield is based on estimated timing and amount of cash flows, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also vary based on other assumptions regarding the underlying collateral, including default rates and changes in value. These assumptions can significantly impact income recognition and the amount of impairment recognized in earnings and OCI. For mortgage-backed and asset-backed securities rated below AA, the effective yield is adjusted prospectively for any changes in the estimated timing and amount of cash flows unless the investment is impaired or purchased with credit deterioration. For impaired mortgage-backed and asset-backed securities rated below AA, the effective yield is adjusted prospectively only if subsequent favorable or adverse changes in expected cash flows are not reflected in the allowance for credit losses. Prior to the adoption of this standard, the effective yield was adjusted prospectively regardless of whether the investment was impaired or not. Commercial mortgage and other loans Commercial mortgage and other loans are reported in the Statements of Financial Position at amortized cost net of the CECL allowance. Additionally, certain off-balance sheet credit exposures (e.g., indemnification of serviced mortgage loans, and certain unfunded mortgage loan commitments where the Company cannot unconditionally cancel the commitment) are also subject to a CECL allowance. The CECL allowance represents the Company’s best estimate of expected credit losses over the remaining life of the assets or off-balance sheet credit exposures. The determination of the allowance considers historical credit loss experience, current conditions, and reasonable and supportable forecasts. The allowance is calculated separately for commercial mortgage loans, agricultural mortgage loans, and other collateralized and uncollateralized loans. For commercial mortgage and agricultural mortgage loans (and related unfunded commitments where the Company cannot unconditionally cancel the commitment), the allowance is calculated using an internally developed CECL model. Key inputs to the CECL model include unpaid principal balances, internal credit ratings, annual expected loss factors, average lives of the loans adjusted for prepayment considerations, current and historical interest rate assumptions, and other factors influencing the Company’s view of the current stage of the economic cycle and future economic conditions. Subjective considerations include a review of whether historical loss experience is representative of current market conditions and the Company’s view of the credit cycle. Model assumptions and factors are reviewed and updated as appropriate. Information about certain key inputs is detailed below. Key factors in determining the internal credit ratings for commercial mortgage and agricultural mortgage loans include loan-to-value and debt-service-coverage ratios. Other factors include amortization, loan term, and estimated market value growth rate and volatility for the property type and region. The loan-to-value ratio compares the carrying amount of the loan to the fair value of the underlying property or properties collateralizing the loan and is commonly expressed as a percentage. Loan-to-value ratios greater than 100% indicate that the carrying amount of the loan exceeds the collateral value. A loan-to-value ratio less than 100% indicates an excess of collateral value over the carrying amount of the loan. The debt-service-coverage ratio is a property’s net operating income as a percentage of its debt service payments. Debt-service-coverage ratios less than 1.0 times indicate that a property’s operations do not generate enough income to cover the loan’s current debt payments. A debt-service-coverage ratio greater than 1.0 times indicates an excess of net operating income over the debt service payments. The values utilized in calculating these ratios are developed as part of the Company’s periodic review of the commercial mortgage and agricultural mortgage loan portfolios, which includes an internal appraisal of the underlying collateral value. The Company’s periodic review also includes a credit re-rating process, whereby the internal credit rating originally assigned at underwriting is updated based on current loan, property and market information using a proprietary credit quality rating system. See Note 3 for additional information related to the loan-to-value ratios and debt-service-coverage ratios related to the Company’s commercial mortgage and agricultural mortgage loan portfolios. Generally, every loan is re-rated at least annually. Annual expected loss rates are based on historical default and loss experience factors. Using average lives, the annual expected loss rates are converted into life-of-loan loss expectations. When individual loans no longer have the credit risk characteristics of the commercial or agricultural mortgage loan pools, they are removed from the pools and are evaluated individually for an allowance. The allowance is determined based on the outstanding loan balance less the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. The CECL allowance on commercial mortgage and other loans can increase or decrease from period to period based on the factors noted above. The change in allowance is reported in “Realized investment gains (losses), net.” As it relates to unfunded commitments that are in scope of this guidance, the CECL allowance is reported in “Other liabilities,” and the change in the allowance is reported in “Realized investment gains (losses), net.” When a commercial mortgage or other loan is deemed to be uncollectible, any allowance is reversed and a direct write-down of the carrying amount of the loan is recorded through “Realized investment gains (losses), net.” The carrying amount of the loan is not adjusted for subsequent recoveries in value. The CECL allowance for other collateralized and uncollateralized loans carried at amortized cost is determined based on probability of default and loss given default assumptions by sector, credit quality and average lives of the loans. Additions to or releases of the allowance are reported in “Realized investment gains (losses), net.” Prior to the adoption of this standard, the impairments on commercial mortgage and other loans were collectively reviewed at a portfolio level for impairment based on probable incurred but not specifically identified losses with any such losses reflected in an allowance for credit losses. When a loan was individually identified to be impaired, the loan was individually evaluated for an allowance. Changes in these allowances were reported in “Realized investment gains (losses), net.” Additionally, an allowance for credit losses was not required on unfunded loan commitments. As further described in Note 14, the Company’s PGIM business provides commercial mortgage origination, underwriting and servicing for certain government sponsored entities (“GSEs”). The Company has agreed to indemnify the GSEs for a portion of the credit risk associated with certain of the mortgages it services. Management has established a CECL allowance that factors in historical loss information, current conditions and reasonable and supportable forecasts. The allowance also considers the remaining lives of the loans subject to the indemnification. The CECL allowance is included in “Other liabilities” and changes in the CECL allowance are reported in “Realized investment gains (losses), net.” Prior to the adoption of this standard, a credit loss allowance was not required. Reinsurance Recoverables Reinsurance recoverables are reported on the Statements of Financial Position in “Other Assets” net of the CECL allowance. The CECL allowance considers the credit quality of the reinsurance counterparty and is generally determined based on the probability of default and loss given default assumptions, after considering any applicable collateral arrangements. Additions to or releases of the allowance are reported in “Policyholders’ benefits.” Prior to the adoption of this standard, an allowance for credit losses for reinsurance recoverables was established only when it was deemed probable that a reinsurer may fail to make payments to us in a timely manner. Trade Receivables Trade receivables related to Assurance IQ are reported in the Statements of Financial Position in “Other assets” net of the CECL allowance. The CECL allowance considers the credit quality of the counterparties and is generally determined based on probability of default and loss given default assumptions. Additions to or releases of the allowance are reported in “General and administrative expenses.” Prior to the adoption of this standard, the reserve was limited to an allowance for doubtful accounts. Other ASUs adopted during the nine months ended September 30, 2020 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters 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, 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. The adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting This ASU provides optional relief for certain contracts impacted by reference rate reform. The standard permits an entity to consider contract modification due to reference rate reform to be an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. The ASU also temporarily (until December 31, 2022) allows hedge relationships to continue without de-designation upon changes due to reference rate reform. March 12, 2020 to December 31, 2022 using the prospective method. This ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements.
Future Adoption Of New Accounting Pronouncements	ASU issued but not yet adopted as of September 30, 2020 — 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 Consolidated Financial Statements and Notes to the Consolidated Financial Statements. In October 2019, the FASB issued ASU 2019-09, Financial Services - Insurance (Topic 944): Effective Date to affirm its decision to defer the effective date of ASU 2018-12 to January 1, 2022 (with early adoption permitted), representing a one year extension from the original effective date of January 1, 2021. As a result of the COVID-19 pandemic, in November 2020 the FASB issued ASU 2020-11, Financial Services—Insurance (Topic 944): Effective Date and Early Application to defer for an additional one year the effective date of ASU 2018-12 from January 1, 2022 to January 1, 2023, and to provide transition relief to facilitate the early adoption of the ASU. The transition relief would allow large calendar-year public companies that early adopt ASU 2018-12 to apply the guidance either as of January 1, 2020 or January 1, 2021 (and record transition adjustments as of January 1, 2020 or January 1, 2021, respectively) in the 2022 financial statements. Companies that do not early adopt ASU 2018-12 would apply the guidance as of January 1, 2021 (and record transition adjustments as of January 1, 2021) in the 2023 financial statements. ASU 2018-12 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 may choose to apply the amendments to contracts in force as of the beginning of the prior year (if early adoption is elected) or 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 Accumulated other comprehensive income (loss) (“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, which will be updated each quarter with the impact recorded through OCI. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the discount rate assumptions. 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 either the beginning of the prior year (if early adoption is elected) or 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 discount rates 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 DSI, 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 may choose to apply the amendments to contracts in force as of the beginning of the prior year (if early adoption is elected) or 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 liability for future policy benefits, as described above, it is required to also use a full 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 (MRB) Requires an entity to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value, and record MRB assets and liabilities separately on the Consolidated Statements of Financial Position. Changes in fair value of market risk benefits are recorded in net income, except for the portion of the change in MRB liabilities attributable to changes in an entity’s non-performance risk (“NPR”) which is recognized in OCI. An entity shall adopt the guidance for market risk benefits using the retrospective transition method, which includes a cumulative effect adjustment on the balance sheet as of either the beginning of prior year (if early adoption is elected) or the beginning of the earliest period presented. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the balance of the market risk benefits upon adoption. 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.

Significant Accounting Polici_3

Significant Accounting Policies and Pronouncements Significant Accounting Policies and Pronouncements (Tables)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Summary of Transition Impact	(1) Cumulative Effect Adjustment Upon Adoption Summary of Transition Impact on the Consolidated Statements of Financial Position Upon Adoption on January 1, 2020 Increase/(Decrease) (in millions) Fixed maturities, held-to-maturity $ (9) Commercial mortgage and other loans (115) Other invested assets (1) Deferred policy acquisition costs 9 Other assets (6) Total assets $ (122) Policyholders' dividends $ (14) Other liabilities 21 Income taxes (30) Total liabilities (23) Retained earnings (99) Total equity (99) Total liabilities and equity $ (122)

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2020
Investments [Abstract]
Fixed Maturities, Available-for-sale Securities	The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: September 30, 2020 Amortized Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 31,095 $ 11,040 $ 23 $ 0 $ 42,112 Obligations of U.S. states and their political subdivisions 10,555 2,052 4 0 12,603 Foreign government bonds 90,915 16,317 195 1 107,036 U.S. public corporate securities 92,988 16,259 454 64 108,729 U.S. private corporate securities(1) 35,846 3,586 192 29 39,211 Foreign public corporate securities 25,131 3,408 185 24 28,330 Foreign private corporate securities 27,934 1,785 485 30 29,204 Asset-backed securities(2) 14,070 168 104 0 14,134 Commercial mortgage-backed securities 15,096 1,263 6 4 16,349 Residential mortgage-backed securities(3) 2,881 228 1 0 3,108 Total fixed maturities, available-for-sale(1) $ 346,511 $ 56,106 $ 1,649 $ 152 $ 400,816 __________ (1) Excludes notes with amortized cost of $6,466 million (fair value, $6,594 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, credit cards and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Excludes notes with amortized cost of $4,998 million (fair value, $5,814 million), which have been offset with the associated debt under a netting agreement. December 31, 2019 Amortized Gross Gross Fair OTTI in AOCI(4) (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 30,625 $ 5,195 $ 161 $ 35,659 $ 0 Obligations of U.S. states and their political subdivisions 10,068 1,437 8 11,497 0 Foreign government bonds 98,356 20,761 63 119,054 (34) U.S. public corporate securities 87,566 11,030 257 98,339 (6) U.S. private corporate securities(1) 34,410 2,243 120 36,533 0 Foreign public corporate securities 26,841 3,054 70 29,825 (1) Foreign private corporate securities 27,619 1,201 580 28,240 0 Asset-backed securities(2) 13,067 147 40 13,174 (77) Commercial mortgage-backed securities 14,978 610 14 15,574 0 Residential mortgage-backed securities(3) 3,044 159 2 3,201 (1) Total fixed maturities, available-for-sale(1) $ 346,574 $ 45,837 $ 1,315 $ 391,096 $ (119) __________ (1) Excludes notes with amortized cost of $4,751 million (fair value, $4,757 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 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 $362 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 $4,998 million (fair value, $5,401 million), which have been offset with the associated debt under a netting agreement.
Fixed Maturities, Held-to-maturity Securities	September 30, 2020 Amortized Gross Gross Fair Allowance for Credit Losses Amortized Cost, (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 915 $ 265 $ 0 $ 1,180 $ 0 $ 915 Foreign public corporate securities 637 66 0 703 9 628 Foreign private corporate securities 85 2 0 87 0 85 Residential mortgage-backed securities(3) 273 21 0 294 0 273 Total fixed maturities, held-to-maturity(4) $ 1,910 $ 354 $ 0 $ 2,264 $ 9 $ 1,901 __________ (1) Excludes notes with amortized cost of $6,466 million (fair value, $6,594 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, credit cards and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Excludes notes with amortized cost of $4,998 million (fair value, $5,814 million), which have been offset with the associated debt under a netting agreement. December 31, 2019 Amortized Gross Gross Fair (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 891 $ 282 $ 0 $ 1,173 Foreign public corporate securities 649 64 0 713 Foreign private corporate securities 83 2 0 85 Residential mortgage-backed securities(3) 310 21 0 331 Total fixed maturities, held-to-maturity(5) $ 1,933 $ 369 $ 0 $ 2,302 __________ (1) Excludes notes with amortized cost of $4,751 million (fair value, $4,757 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 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 $362 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 $4,998 million (fair value, $5,401 million), which have been offset with the associated debt under a netting agreement.
Duration Of Gross Unrealized Losses On Fixed Maturity Securities	The following table sets forth the fair value and gross unrealized losses on available-for-sale fixed maturity securities without an allowance for credit 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 date indicated: September 30, 2020 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 1,068 $ 23 $ 0 $ 0 $ 1,068 $ 23 Obligations of U.S. states and their political subdivisions 200 4 0 0 200 4 Foreign government bonds 5,548 190 44 5 5,592 195 U.S. public corporate securities 6,939 261 1,332 174 8,271 435 U.S. private corporate securities 2,452 105 847 86 3,299 191 Foreign public corporate securities 2,022 126 367 52 2,389 178 Foreign private corporate securities 3,442 105 3,311 376 6,753 481 Asset-backed securities 5,145 48 4,742 56 9,887 104 Commercial mortgage-backed securities 160 4 94 2 254 6 Residential mortgage-backed securities 148 1 0 0 148 1 Total fixed maturities, available-for-sale $ 27,124 $ 867 $ 10,737 $ 751 $ 37,861 $ 1,618 The following table sets forth the fair value and gross unrealized losses on fixed maturity securities aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the date indicated: December 31, 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 $ 4,950 $ 161 $ 267 $ 0 $ 5,217 $ 161 Obligations of U.S. states and their political subdivisions 273 8 0 0 273 8 Foreign government bonds 2,332 60 126 3 2,458 63 U.S. public corporate securities 3,944 85 2,203 172 6,147 257 U.S. private corporate securities 2,283 44 1,563 76 3,846 120 Foreign public corporate securities 1,271 23 496 47 1,767 70 Foreign private corporate securities 1,466 33 5,666 547 7,132 580 Asset-backed securities 3,979 12 4,433 28 8,412 40 Commercial mortgage-backed securities 1,193 10 164 4 1,357 14 Residential mortgage-backed securities 207 1 88 1 295 2 Total $ 21,898 $ 437 $ 15,006 $ 878 $ 36,904 $ 1,315 __________ (1) As of December 31, 2019, there were no securities classified as held-to-maturity in a gross unrealized loss position.
Fixed Maturities Classified by Contractual Maturity Date	The following table sets forth the amortized cost or amortized cost, net of allowance and fair value of fixed maturities by contractual maturities, as of the date indicated: September 30, 2020 Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost, Net of Allowance Fair Value (in millions) Fixed maturities: Due in one year or less $ 13,497 $ 14,096 $ 117 $ 118 Due after one year through five years 50,428 53,969 0 0 Due after five years through ten years 66,321 74,393 600 676 Due after ten years(1) 184,218 224,767 911 1,176 Asset-backed securities 14,070 14,134 0 0 Commercial mortgage-backed securities 15,096 16,349 0 0 Residential mortgage-backed securities 2,881 3,108 273 294 Total $ 346,511 $ 400,816 $ 1,901 $ 2,264 __________ (1) Excludes available-for-sale notes with amortized cost of $6,466 million (fair value, $6,594 million) and held-to-maturity notes with amortized cost of $4,998 million (fair value, $5,814 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 write-downs, impairments and the allowance for credit losses of fixed maturities, for the periods indicated: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (in millions) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 4,284 $ 7,190 $ 14,654 $ 24,011 Proceeds from maturities/prepayments 7,181 5,315 17,603 14,507 Gross investment gains from sales and maturities 578 565 1,451 1,276 Gross investment losses from sales and maturities (129) (62) (339) (345) OTTI recognized in earnings(2) N/A (143) N/A (242) Write-downs recognized in earnings(3) (134) N/A (289) N/A (Addition to) release of allowance for credit losses(4) 86 N/A (152) N/A Fixed maturities, held-to-maturity: Proceeds from maturities/prepayments(5) $ 14 $ 47 $ 77 $ 84 (Addition to) release of allowance for credit losses(4) 0 N/A 0 N/A __________ (1) Includes $268 million and $162 million of non-cash related proceeds due to the timing of trade settlements for the nine months ended September 30, 2020 and 2019, respectively. (2) For the three and nine months ended September 30, 2019, amounts exclude 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) For the three and nine months ended September 30, 2020, amounts represent write-downs of credit adverse securities, write-downs on securities approaching maturity related to foreign exchange movements and securities actively marketed for sale. (4) Effective January 1, 2020, credit losses on available-for-sale and held-to-maturity fixed maturity securities are recorded within the “allowance for credit losses.” (5) Includes $1 million and less than $1 million of non-cash related proceeds due to the timing of trade settlements for the nine months ended September 30, 2020 and 2019, respectively.
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 tables set forth the activity in the allowance for credit losses for fixed maturity securities, as of the date indicated: Three Months Ended September 30, 2020 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 38 $ 199 $ 0 $ 1 $ 0 $ 238 Additions to allowance for credit losses not previously recorded 0 1 33 0 0 0 34 Reductions for securities sold during the period 0 0 (8) 0 0 0 (8) Additions (reductions) on securities with previous allowance 0 0 (12) 0 3 0 (9) Write-downs charged against the allowance 0 (38) (65) 0 0 0 (103) Balance, end of period $ 0 $ 1 $ 147 $ 0 $ 4 $ 0 $ 152 Nine Months Ended September 30, 2020 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of year $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Additions to allowance for credit losses not previously recorded 0 39 238 0 1 0 278 Reductions for securities sold during the period 0 0 (36) 0 0 0 (36) Additions (reductions) on securities with previous allowance 0 0 10 0 3 0 13 Write-downs charged against the allowance 0 (38) (65) 0 0 0 (103) Balance, end of period $ 0 $ 1 $ 147 $ 0 $ 4 $ 0 $ 152 Three Months Ended September 30, 2020 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 9 $ 0 $ 0 $ 0 $ 9 Balance, end of period $ 0 $ 0 $ 9 $ 0 $ 0 $ 0 $ 9 Nine Months Ended September 30, 2020 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of year $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Cumulative effect of adoption of ASU 2016-13 0 0 9 0 0 0 9 Balance, end of period $ 0 $ 0 $ 9 $ 0 $ 0 $ 0 $ 9
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, 2020 December 31, 2019 Amortized Fair Amortized Fair (in millions) Short-term investments and cash equivalents $ 1,103 $ 1,103 $ 277 $ 277 Fixed maturities: Corporate securities 14,060 14,909 13,143 13,603 Commercial mortgage-backed securities 1,845 1,946 1,845 1,896 Residential mortgage-backed securities(1) 1,064 1,126 1,134 1,158 Asset-backed securities(2) 1,691 1,716 1,639 1,662 Foreign government bonds 889 898 802 814 U.S. government authorities and agencies and obligations of U.S. states 358 438 341 397 Total fixed maturities(3) 19,907 21,033 18,904 19,530 Equity securities 1,603 1,825 1,465 1,790 Total assets supporting experience-rated contractholder liabilities(4) $ 22,613 $ 23,961 $ 20,646 $ 21,597 __________ (1) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (2) Includes collateralized loan obligations, auto loans, education loans, home equity and other asset types. Collateralized loan obligations at fair value were $1,133 million and $1,060 million as of September 30, 2020 and December 31, 2019, respectively, all of which were rated AAA. (3) As a percentage of amortized cost, 94% of the portfolio was considered high or highest quality based on NAIC or equivalent ratings, as of both September 30, 2020 and December 31, 2019.
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, 2020 December 31, 2019 Amortized Fair Amortized Fair (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 77,749 $ 90,480 $ 74,118 $ 89,546 Fixed maturities, held-to-maturity 892 1,148 869 1,143 Fixed maturities, trading 24 24 23 23 Assets supporting experience-rated contractholder liabilities 826 831 653 664 Total $ 79,491 $ 92,483 $ 75,663 $ 91,376 September 30, 2020 December 31, 2019 Amortized Fair Amortized Fair (in millions) Investments in South Korean government and government agency securities: Fixed maturities, available-for-sale $ 26 $ 34 $ 10,823 $ 13,322 Assets supporting experience-rated contractholder liabilities 15 16 15 16 Total $ 41 $ 50 $ 10,838 $ 13,338
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, 2020 December 31, 2019 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Office $ 12,677 19.9 % $ 13,462 21.4 % Retail 7,677 12.0 8,379 13.3 Apartments/Multi-Family 18,385 28.8 17,348 27.6 Industrial 13,639 21.4 13,226 21.1 Hospitality 2,390 3.7 2,415 3.9 Other 5,051 7.9 4,533 7.2 Total commercial mortgage loans 59,819 93.7 59,363 94.5 Agricultural property loans 4,015 6.3 3,472 5.5 Total commercial mortgage and agricultural property loans 63,834 100.0 % 62,835 100.0 % Allowance for credit losses (227) (117) Total net commercial mortgage and agricultural property loans 63,607 62,718 Other loans: Uncollateralized loans 723 656 Residential property loans 104 124 Other collateralized loans 115 65 Total other loans 942 845 Allowance for credit losses (8) (4) Total net other loans 934 841 Total net commercial mortgage and other loans(1) $ 64,541 $ 63,559 __________ (1) Includes loans held for sale which are carried at fair value and are collateralized primarily by apartment complexes. As of September 30, 2020 and December 31, 2019, the net carrying value of these loans was $915 million and $228 million, respectively.
Allowance for Credit Losses	The following tables set forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended September 30, 2020 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Balance, beginning of period $ 230 $ 8 $ 0 $ 3 $ 4 $ 245 Addition to (release of) allowance for expected losses (5) 1 0 0 1 (3) Write-downs charged against the allowance (7) 0 0 0 0 (7) Other 0 0 0 0 0 0 Balance, end of period $ 218 $ 9 $ 0 $ 3 $ 5 $ 235 Nine Months Ended September 30, 2020 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Balance at December 31, 2019 $ 114 $ 3 $ 0 $ 0 $ 4 $ 121 Cumulative effect of adoption of ASU 2016-13 110 5 0 0 0 115 Addition to (release of) allowance for expected losses 1 1 0 0 1 3 Write-downs charged against the allowance (7) 0 0 0 0 (7) Other 0 0 0 3 0 3 Balance at September 30, 2020 $ 218 $ 9 $ 0 $ 3 $ 5 $ 235
Financing Receivable Credit Quality Indicators	The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the date indicated: September 30, 2020 Amortized Cost by Origination Year 2020 2019 2018 2017 2016 Prior Revolving Loans Total (in millions) Commercial Mortgage Loans Loan-to-Value Ratio: 0%-59.99% $ 650 $ 2,824 $ 3,105 $ 3,309 $ 3,381 $ 17,616 $ 0 $ 30,885 60%-69.99% 1,480 4,152 3,437 2,913 2,801 4,282 0 19,065 70%-79.99% 1,744 3,138 2,530 1,010 613 654 0 9,689 80% or greater 0 10 0 18 24 128 0 180 Total $ 3,874 $ 10,124 $ 9,072 $ 7,250 $ 6,819 $ 22,680 $ 0 $ 59,819 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 3,759 $ 9,490 $ 8,590 $ 7,009 $ 6,525 $ 21,045 $ 0 $ 56,418 1.0 - 1.2x 114 518 453 241 286 1,499 0 3,111 Less than 1.0x 1 116 29 0 8 136 0 290 Total $ 3,874 $ 10,124 $ 9,072 $ 7,250 $ 6,819 $ 22,680 $ 0 $ 59,819 Agricultural Property Loans Loan-to-Value Ratio: 0%-59.99% $ 724 $ 482 $ 360 $ 531 $ 397 $ 1,320 $ 0 $ 3,814 60%-69.99% 87 72 39 3 0 0 0 201 70%-79.99% 0 0 0 0 0 0 0 0 80% or greater 0 0 0 0 0 0 0 0 Total $ 811 $ 554 $ 399 $ 534 $ 397 $ 1,320 $ 0 $ 4,015 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 801 $ 553 $ 398 $ 471 $ 377 $ 1,303 $ 0 $ 3,903 1.0 - 1.2x 10 0 1 59 5 5 0 80 Less than 1.0x 0 1 0 4 15 12 0 32 Total $ 811 $ 554 $ 399 $ 534 $ 397 $ 1,320 $ 0 $ 4,015 Commercial mortgage loans December 31, 2019 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 31,027 $ 701 $ 217 $ 31,945 60%-69.99% 17,090 1,145 42 18,277 70%-79.99% 8,020 719 28 8,767 80% or greater 209 143 22 374 Total commercial mortgage loans $ 56,346 $ 2,708 $ 309 $ 59,363 Agricultural property loans December 31, 2019 Debt Service Coverage Ratio > 1.2X 1.0X to <1.2X < 1.0X Total (in millions) Loan-to-Value Ratio: 0%-59.99% $ 3,289 $ 57 $ 14 $ 3,360 60%-69.99% 112 0 0 112 70%-79.99% 0 0 0 0 80% or greater 0 0 0 0 Total agricultural property loans $ 3,401 $ 57 $ 14 $ 3,472
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, 2020 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 59,794 $ 0 $ 24 $ 1 $ 25 $ 59,819 $ 27 Agricultural property loans 4,014 0 0 1 1 4,015 15 Residential property loans 102 1 0 1 2 104 1 Other collateralized loans 115 0 0 0 0 115 0 Uncollateralized loans 723 0 0 0 0 723 0 Total $ 64,748 $ 1 $ 24 $ 3 $ 28 $ 64,776 $ 43 __________ (1) As of September 30, 2020, 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, 2019. December 31, 2019 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 59,363 $ 0 $ 0 $ 0 $ 0 $ 59,363 $ 44 Agricultural property loans 3,458 1 0 13 14 3,472 13 Residential property loans 121 1 0 2 3 124 2 Other collateralized loans 65 0 0 0 0 65 0 Uncollateralized loans 656 0 0 0 0 656 0 Total $ 63,663 $ 2 $ 0 $ 15 $ 17 $ 63,680 $ 59 __________ (1) As of December 31, 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, 2019.
Other Invested Assets	The following table sets forth the composition of “Other invested assets,” as of the dates indicated: September 30, 2020 December 31, 2019 (in millions) LPs/LLCs: Equity method: Private equity $ 4,139 $ 3,625 Hedge funds 2,333 1,947 Real estate-related 1,409 1,372 Subtotal equity method 7,881 6,944 Fair value: Private equity 1,679 1,705 Hedge funds 1,965 2,172 Real estate-related 333 336 Subtotal fair value 3,977 4,213 Total LPs/LLCs 11,858 11,157 Real estate held through direct ownership(1) 2,517 2,388 Derivative instruments 1,201 877 Other(2) 1,345 1,184 Total other invested assets $ 16,921 $ 15,606 _________ (1) As of September 30, 2020 and December 31, 2019, real estate held through direct ownership had mortgage debt of $436 million and $537 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 17 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.
Accrued Investment Income	The following table sets forth the composition of “Accrued investment income,” as of the date indicated: September 30, 2020 (in millions) Fixed maturities $ 2,586 Equity securities 17 Commercial mortgage and other loans 203 Policy loans 289 Other invested assets 28 Short-term investments and cash equivalents 6 Total accrued investment income $ 3,129
Net Investment Income	The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (in millions) Fixed maturities, available-for-sale(1) $ 3,113 $ 3,191 $ 9,292 $ 9,429 Fixed maturities, held-to-maturity(1) 59 58 176 173 Fixed maturities, trading 32 37 100 109 Assets supporting experience-rated contractholder liabilities 179 191 527 558 Equity securities 36 38 119 119 Commercial mortgage and other loans 608 636 1,866 1,863 Policy loans 147 160 450 463 Other invested assets 415 251 693 727 Short-term investments and cash equivalents 30 123 182 356 Gross investment income 4,619 4,685 13,405 13,797 Less: investment expenses (173) (247) (571) (753) Net investment income $ 4,446 $ 4,438 $ 12,834 $ 13,044 __________
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 2020 2019 2020 2019 (in millions) Fixed maturities(1) $ 401 $ 360 $ 671 $ 689 Commercial mortgage and other loans 41 20 65 34 Investment real estate 5 38 15 38 LPs/LLCs 8 2 2 (1) Derivatives (537) 433 (2,926) (1,010) Other 3 0 9 1 Realized investment gains (losses), net $ (79) $ 853 $ (2,164) $ (249) __________
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(1) $ N/A $ 243 Fixed maturity securities, available-for-sale—all other(1) N/A 44,279 Fixed maturity securities, available-for-sale with an allowance (23) N/A Fixed maturity securities, available-for-sale without an allowance 54,480 N/A Derivatives designated as cash flow hedges(2) 1,407 832 Other investments(3) (20) (15) Net unrealized gains (losses) on investments $ 55,844 $ 45,339 __________ (1) Effective January 1, 2020, per ASU 2016-13, fixed maturity securities, available-for-sale are no longer required to be disclosed “with OTTI” and “all other.” (2) For additional information on cash flow hedges, see Note 5.
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, 2020 December 31, 2019 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 $ 9,944 $ 553 $ 10,497 $ 9,431 $ 0 $ 9,431 Residential mortgage-backed securities 377 0 377 250 0 250 Total securities sold under agreements to repurchase(1) $ 10,321 $ 553 $ 10,874 $ 9,681 $ 0 $ 9,681 __________ (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, 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, 2020 December 31, 2019 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 $ 0 $ 0 $ 0 $ 9 $ 0 $ 9 Obligations of U.S. states and their political subdivisions 108 0 108 33 0 33 Foreign government bonds 353 0 353 244 0 244 U.S. public corporate securities 2,161 0 2,161 2,996 0 2,996 Foreign public corporate securities 425 0 425 762 0 762 Commercial mortgage-backed securities 0 0 0 2 0 2 Equity securities 24 0 24 167 0 167 Total cash collateral for loaned securities(1) $ 3,071 $ 0 $ 3,071 $ 4,213 $ 0 $ 4,213 __________ (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, as of the dates indicated.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2020
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 Other Consolidated VIEs(1) September 30, December 31, September 30, December 31, (in millions) Fixed maturities, available-for-sale $ 107 $ 104 $ 290 $ 285 Fixed maturities, held-to-maturity 85 83 863 839 Fixed maturities, trading 1,081 1,112 0 0 Assets supporting experience-rated contractholder liabilities 0 0 1 4 Equity securities 44 47 0 0 Commercial mortgage and other loans 976 883 0 0 Other invested assets 2,502 2,199 152 89 Cash and cash equivalents 140 166 0 0 Accrued investment income 6 4 4 4 Other assets 424 450 689 689 Total assets of consolidated VIEs $ 5,365 $ 5,048 $ 1,999 $ 1,910 Other liabilities $ 291 $ 304 $ 11 $ 13 Notes issued by consolidated VIEs(2) 1,242 1,274 0 0 Total liabilities of consolidated VIEs $ 1,533 $ 1,578 $ 11 $ 13 __________ (1) Total assets of consolidated VIEs reflect $2,892 million and $2,668 million as of September 30, 2020 and December 31, 2019, 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, 2020, the maturities of these obligations were between 3 and 9 years.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
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 and cash collateral. This netting impact results in total derivative assets of $1,190 million and $867 million as of September 30, 2020 and December 31, 2019, respectively, and total derivative liabilities of $573 million and $831 million as of September 30, 2020 and December 31, 2019, respectively, reflected in the Unaudited Interim Consolidated Statements of Financial Position. Primary Underlying Risk /Instrument Type September 30, 2020 December 31, 2019 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 $ 3,101 $ 1,128 $ (100) $ 3,257 $ 628 $ (73) Interest Rate Forwards 249 11 (2) 205 4 (1) Foreign Currency Foreign Currency Forwards 2,194 51 (48) 1,461 22 (57) Currency/Interest Rate Foreign Currency Swaps 21,885 2,023 (246) 22,746 1,467 (302) Total Derivatives Designated as Hedge Accounting Instruments $ 27,429 $ 3,213 $ (396) $ 27,669 $ 2,121 $ (433) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 151,469 $ 20,256 $ (10,295) $ 141,162 $ 10,249 $ (4,861) Interest Rate Futures 16,651 12 (77) 17,095 4 (38) Interest Rate Options 13,418 1,353 (257) 16,496 339 (238) Interest Rate Forwards 3,077 22 0 2,218 18 (3) Foreign Currency Foreign Currency Forwards 36,539 746 (517) 26,604 208 (214) Foreign Currency Options 0 0 0 0 0 0 Currency/Interest Rate Foreign Currency Swaps 14,164 814 (355) 13,874 740 (345) Credit Credit Default Swaps 1,667 10 (23) 798 21 0 Equity Equity Futures 7,742 7 (31) 1,802 0 (3) Equity Options 46,829 854 (403) 32,657 679 (765) Total Return Swaps 24,407 134 (409) 18,218 6 (636) Other Other(1) 1,262 0 0 1,258 0 0 Synthetic GICs 84,088 1 0 80,009 1 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 401,313 $ 24,209 $ (12,367) $ 352,191 $ 12,265 $ (7,103) Total Derivatives(2)(3) $ 428,742 $ 27,422 $ (12,763) $ 379,860 $ 14,386 $ (7,536) __________ (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 $24,153 million and $14,035 million as of September 30, 2020 and December 31, 2019, 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, 2020, 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. September 30, 2020 December 31, 2019 Balance Sheet Line Item in which Hedged Item is Recorded Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of (in millions) Fixed maturities, available-for-sale, at fair value $ 402 $ 86 $ 389 $ 64 Commercial mortgage and other loans $ 21 $ 2 $ 23 $ 2 Policyholders’ account balances $ (1,686) $ (376) $ (1,376) $ (107) Future policy benefits $ (1,248) $ (410) $ (676) $ (172) __________ (1) There were no material 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, 2020 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives(1) $ 27,270 $ (26,232) $ 1,038 $ (569) $ 469 Securities purchased under agreement to resell 641 0 641 (641) 0 Total assets $ 27,911 $ (26,232) $ 1,679 $ (1,210) $ 469 Offsetting of Financial Liabilities: Derivatives(1) $ 12,757 $ (12,190) $ 567 $ (140) $ 427 Securities sold under agreement to repurchase 10,874 0 10,874 (10,874) 0 Total liabilities $ 23,631 $ (12,190) $ 11,441 $ (11,014) $ 427 December 31, 2019 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives(1) $ 14,303 $ (13,519) $ 784 $ (607) $ 177 Securities purchased under agreement to resell 1,012 0 1,012 (1,012) 0 Total assets $ 15,315 $ (13,519) $ 1,796 $ (1,619) $ 177 Offsetting of Financial Liabilities: Derivatives(1) $ 7,528 $ (6,705) $ 823 $ (244) $ 579 Securities sold under agreement to repurchase 9,681 0 9,681 (9,681) 0 Total liabilities $ 17,209 $ (6,705) $ 10,504 $ (9,925) $ 579 __________ (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, 2020 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives(1) $ 27,270 $ (26,232) $ 1,038 $ (569) $ 469 Securities purchased under agreement to resell 641 0 641 (641) 0 Total assets $ 27,911 $ (26,232) $ 1,679 $ (1,210) $ 469 Offsetting of Financial Liabilities: Derivatives(1) $ 12,757 $ (12,190) $ 567 $ (140) $ 427 Securities sold under agreement to repurchase 10,874 0 10,874 (10,874) 0 Total liabilities $ 23,631 $ (12,190) $ 11,441 $ (11,014) $ 427 December 31, 2019 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives(1) $ 14,303 $ (13,519) $ 784 $ (607) $ 177 Securities purchased under agreement to resell 1,012 0 1,012 (1,012) 0 Total assets $ 15,315 $ (13,519) $ 1,796 $ (1,619) $ 177 Offsetting of Financial Liabilities: Derivatives(1) $ 7,528 $ (6,705) $ 823 $ (244) $ 579 Securities sold under agreement to repurchase 9,681 0 9,681 (9,681) 0 Total liabilities $ 17,209 $ (6,705) $ 10,504 $ (9,925) $ 579 __________ (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, 2020 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 $ 5 $ (2) $ 0 $ 0 $ (35) $ (37) $ 0 Currency (1) 0 0 0 0 15 0 Total gains (losses) on derivatives designated as hedge instruments 4 (2) 0 0 (35) (22) 0 Gains (losses) on the hedged item: Interest Rate (6) 4 0 0 49 48 0 Currency 0 0 0 0 0 (15) 0 Total gains (losses) on hedged item (6) 4 0 0 49 33 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 (1) 2 Total Amortization for Gain (Loss) Excluded from Assessment of the Effectiveness 0 0 0 0 0 (1) 2 Total gains (losses) on fair value hedges net of hedged item (2) 2 0 0 14 10 2 Cash flow hedges Interest Rate 19 0 0 0 0 0 (15) Currency 0 0 0 0 0 0 (65) Currency/Interest Rate 55 78 (210) 0 0 0 (1,011) Total gains (losses) on cash flow hedges 74 78 (210) 0 0 0 (1,091) Net investment hedges Currency (6) 0 142 0 0 0 (143) Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges (6) 0 142 0 0 0 (143) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (1,163) 0 0 0 0 0 0 Currency (44) 0 2 0 0 0 0 Currency/Interest Rate (394) 0 (3) 0 0 0 0 Credit (15) 0 0 0 0 0 0 Equity (2,243) 0 0 0 0 0 0 Other 1 0 0 0 0 0 0 Embedded Derivatives 3,254 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (604) 0 (1) 0 0 0 0 Total $ (538) $ 80 $ (69) $ 0 $ 14 $ 10 $ (1,232) Nine Months Ended September 30, 2020 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) $ (6) $ 0 $ 0 $ 295 $ 242 $ 0 Currency 1 0 0 0 0 17 0 Total gains (losses) on derivatives designated as hedge instruments (23) (6) 0 0 295 259 0 Gains (losses) on the hedged item: Interest Rate 23 13 0 0 (269) (222) 0 Currency (1) 1 0 0 0 (17) 0 Total gains (losses) on hedged item 22 14 0 0 (269) (239) 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 (1) (1) Total Amortization for Gain (Loss) Excluded from Assessment of the Effectiveness 0 0 0 0 0 (1) (1) Total gains (losses) on fair value hedges net of hedged item (1) 8 0 0 26 19 (1) Cash flow hedges Interest Rate 27 0 0 0 0 0 29 Currency 4 0 0 0 0 0 27 Currency/Interest Rate 121 239 (17) 0 0 0 519 Total gains (losses) on cash flow hedges 152 239 (17) 0 0 0 575 Net investment hedges Currency (6) 0 142 0 0 0 (133) Currency/Interest Rate 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges (6) 0 142 0 0 0 (133) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 7,829 0 0 0 0 0 0 Currency 186 0 (5) 0 0 0 0 Currency/Interest Rate 337 0 (1) 0 0 0 0 Credit (56) 0 0 0 0 0 0 Equity (2,028) 0 0 0 0 0 0 Other 1 0 0 0 0 0 0 Embedded Derivatives (9,339) 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (3,070) 0 (6) 0 0 0 0 Total $ (2,925) $ 247 $ 119 $ 0 $ 26 $ 19 $ 441 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 _________ (1) Net change in AOCI, excluding changes related to net investment hedges using non-derivative instruments of ($17) million for both the three and nine months ended September 30, 2020, and $0 million for both the three and nine months ended September 30, 2019.
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, 2019 $ 832 Amount recorded in AOCI Interest Rate 56 Currency 31 Currency/Interest Rate 862 Total amount recorded in AOCI 949 Amount reclassified from AOCI to income Interest Rate (27) Currency (4) Currency/Interest Rate (343) Total amount reclassified from AOCI to income (374) Balance, September 30, 2020 $ 1,407
Credit Derivatives	The following table provides a summary of the notional and fair value of written credit protection. The Company’s maximum amount at risk under these credit derivatives, assuming the value of the underlying referenced securities become worthless, is equal to the notional amounts. These credit derivatives have maturities of less than 27 years for index references. September 30, 2020 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6 Total Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value (in millions) Single name reference(2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(2) 50 0 0 0 577 6 600 2 0 0 0 0 1,227 8 Total $ 50 $ 0 $ 0 $ 0 $ 577 $ 6 $ 600 $ 2 $ 0 $ 0 $ 0 $ 0 $ 1,227 $ 8 December 31, 2019 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6 Total Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value (in millions) Single name reference(2) $ 36 $ 0 $ 60 $ 1 $ 4 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 100 $ 1 Index reference(2) 50 0 0 0 570 13 0 0 0 0 72 7 692 20 Total $ 86 $ 0 $ 60 $ 1 $ 574 $ 13 $ 0 $ 0 $ 0 $ 0 $ 72 $ 7 $ 792 $ 21 _________ (1) The NAIC rating designations are based on availability and the lowest ratings among Moody's Investors Service, Inc. ("Moody's"), Standard & Poor’s Rating Services (“S&P”) and Fitch Ratings Inc. (“Fitch”). If no rating is available from a rating agency, a NAIC 6 rating is used. (2) Single name credit default swaps may reference to the credit of corporate debt, sovereign debt, and structured finance. Index references NAIC designations are based on the lowest rated single name reference included in the index.

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
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, 2020 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 $ 41,980 $ 132 $ $ 42,112 Obligations of U.S. states and their political subdivisions 0 12,599 4 12,603 Foreign government bonds 0 107,026 10 107,036 U.S. corporate public securities 0 108,346 383 108,729 U.S. corporate private securities(2) 0 37,245 1,966 39,211 Foreign corporate public securities 0 28,170 160 28,330 Foreign corporate private securities 0 26,610 2,594 29,204 Asset-backed securities(3) 0 13,593 541 14,134 Commercial mortgage-backed securities 0 16,335 14 16,349 Residential mortgage-backed securities 0 3,097 11 3,108 Subtotal 0 395,001 5,815 400,816 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 209 0 209 Obligations of U.S. states and their political subdivisions 0 229 0 229 Foreign government bonds 0 876 22 898 Corporate securities 0 14,331 578 14,909 Asset-backed securities(3) 0 1,607 109 1,716 Commercial mortgage-backed securities 0 1,945 1 1,946 Residential mortgage-backed securities 0 1,126 0 1,126 Equity securities 1,582 243 0 1,825 All other(4) 80 882 110 1,072 Subtotal 1,662 21,448 820 23,930 Fixed maturities, trading 0 4,131 240 4,371 Equity securities 5,118 1,097 673 6,888 Commercial mortgage and other loans 0 915 0 915 Other invested assets(5) 115 27,307 782 (26,232) 1,972 Short-term investments 1,124 6,833 183 8,140 Cash equivalents 3,686 8,398 1 12,085 Other assets 0 0 332 332 Separate account assets(6)(7) 46,517 234,126 1,801 282,444 Total assets $ 58,222 $ 699,256 $ 10,647 $ (26,232) $ 741,893 Future policy benefits(8) $ 0 $ 0 $ 23,340 $ $ 23,340 Policyholders’ account balances 0 0 1,549 1,549 Other liabilities 110 12,251 0 (12,190) 171 Notes issued by consolidated VIEs 0 0 775 775 Total liabilities $ 110 $ 12,251 $ 25,664 $ (12,190) $ 25,835 As of December 31, 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 $ 35,554 $ 105 $ $ 35,659 Obligations of U.S. states and their political subdivisions 0 11,493 4 11,497 Foreign government bonds 0 119,032 22 119,054 U.S. corporate public securities 0 97,959 380 98,339 U.S. corporate private securities(2) 0 34,749 1,784 36,533 Foreign corporate public securities 0 29,756 69 29,825 Foreign corporate private securities 0 27,237 1,003 28,240 Asset-backed securities(3) 0 12,238 936 13,174 Commercial mortgage-backed securities 0 15,574 0 15,574 Residential mortgage-backed securities 0 3,189 12 3,201 Subtotal 0 386,781 4,315 391,096 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 185 0 185 Obligations of U.S. states and their political subdivisions 0 212 0 212 Foreign government bonds 0 790 24 814 Corporate securities 0 12,966 637 13,603 Asset-backed securities(3) 0 1,593 69 1,662 Commercial mortgage-backed securities 0 1,896 0 1,896 Residential mortgage-backed securities 0 1,158 0 1,158 Equity securities 1,505 285 0 1,790 All other(4) 0 261 0 261 Subtotal 1,505 19,346 730 21,581 Fixed maturities, trading 0 3,597 287 3,884 Equity securities 5,813 939 633 7,385 Commercial mortgage and other loans 0 228 0 228 Other invested assets(5) 6 14,379 567 (13,519) 1,433 Short-term investments 1,806 1,975 155 3,936 Cash equivalents 2,079 6,796 131 9,006 Other assets 0 0 113 113 Separate account assets(6)(7) 46,574 240,433 1,717 288,724 Total assets $ 57,783 $ 674,474 $ 8,648 $ (13,519) $ 727,386 Future policy benefits(8) $ 0 $ 0 $ 12,831 $ $ 12,831 Policyholders’ account balances 0 0 1,316 1,316 Other liabilities 41 7,495 105 (6,705) 936 Notes issued by consolidated VIEs 0 0 800 800 Total liabilities $ 41 $ 7,495 $ 15,052 $ (6,705) $ 15,883 __________ (1) “Netting” amounts represent cash collateral of $14,042 million and $6,814 million as of September 30, 2020 and December 31, 2019, respectively. (2) Excludes notes with fair value of $6,594 million (carrying amount of $6,466 million) and $4,757 million (carrying amount of $4,751 million) as of September 30, 2020 and December 31, 2019, 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, 2020 and December 31, 2019, the fair values of such investments were $3,977 million and $4,213 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, 2020 and December 31, 2019, the fair value of such investments was $23,039 million and $23,557 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, 2020, the net embedded derivative liability position of $23.3 billion includes $0.3 billion of embedded derivatives in an asset position and $23.7 billion of embedded derivatives in a liability position. As of December 31, 2019, the net embedded derivative liability position of $12.8 billion includes $0.7 billion of embedded derivatives in an asset position and $13.5 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, 2020 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 3,491 Discounted Discount rate 0.50% 30% 5.03% Decrease Market comparables EBITDA multiples(4) 6.5X 15.0X 9.1X Increase Liquidation Liquidation value 15.06% 77.34% 53.84% Increase Equity securities $ 231 Discounted cash flow(5) Discount rate 0.5% 20% Decrease Market comparables EBITDA multiples(4) 1X 8.8X 3.3X Increase Net Asset Value Share price $1 $1,414 $509 Increase Separate account assets-commercial mortgage loans(6) $ 797 Discounted Spread 1.68% 3.29% 1.90% Decrease Liabilities: Future policy benefits(7) $ 23,340 Discounted Lapse rate(9) 1% 20% Decrease Spread over LIBOR(10) 0.09% 1.59% Decrease Utilization rate(11) 39% 96% Increase Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Decrease Equity volatility curve 18% 26% Increase Policyholders’ account balances(8) $ 1,549 Discounted Lapse rate(9) 1% 42% Decrease Spread over LIBOR(10) 0.09% 1.59% Decrease Mortality rate(13) 0% 24% Decrease Equity volatility curve 6% 38% Increase As of December 31, 2019 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 1,424 Discounted Discount rate 0.49% 20% 7.41% Decrease Market comparables EBITDA multiples(4) 5.7X 9.2X 7.3X Increase Liquidation Liquidation value 14.25% 83.61% 59.47% Increase Equity securities $ 210 Discounted cash flow(5) Discount rate 10% 30% Decrease Market comparables EBITDA multiples(4) 1X 10.1X 5.4X Increase Net Asset Value Share price $5 $1,353 $451 Increase Separate account assets-commercial mortgage loans(6) $ 796 Discounted Spread 1.11% 1.85% 1.26% Decrease Liabilities: Future policy benefits(7) $ 12,831 Discounted Lapse rate(9) 1% 18% Decrease Spread over LIBOR(10) 0.10% 1.23% Decrease Utilization rate(11) 43% 97% Increase Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Decrease Equity volatility curve 13% 23% Increase Policyholders’ account balances(8) $ 1,316 Discounted Lapse rate(9) 1% 42% Decrease Spread over LIBOR(10) 0.10% 1.23% Decrease Mortality rate(13) 0% 24% Decrease Equity volatility curve 6% 25% 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) Excludes notes which have been offset with the associated payables under a netting agreement. (4) 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. (5) These investments typically use a range of discount rates (10% to 20%), therefore presenting a range, rather than a weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (6) 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. (7) 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. (8) 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. (9) 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. (10) 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. (11) 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. (12) 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, 2020 and December 31, 2019, the minimum withdrawal rate assumption is 76% and 78% respectively. As of September 30, 2020 and December 31, 2019, 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%. (13) 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. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Three Months Ended September 30, 2020 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into 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 $ 122 $ 0 $ 10 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 132 $ 0 U.S. states 4 0 0 0 0 0 0 0 0 4 0 Foreign government 21 1 0 0 0 0 0 0 (12) 10 1 Corporate securities(3) 4,904 215 165 (8) 0 (160) (23) 113 (103) 5,103 193 Structured securities(4) 801 5 96 0 0 (147) 1 68 (258) 566 4 Assets supporting experience-rated contractholder liabilities: Foreign government 24 0 0 0 0 (2) 0 0 0 22 0 Corporate securities(3) 624 5 1 0 0 (6) (22) 0 (24) 578 3 Structured securities(4) 99 1 19 0 0 (9) 0 1 (1) 110 1 Equity securities 0 0 0 0 0 0 0 0 0 0 0 All other activity 7 0 107 0 0 (4) 0 0 0 110 0 Other assets: Fixed maturities, trading 236 0 (1) (1) 0 0 1 4 1 240 1 Equity securities 594 67 15 (3) 0 (4) 5 0 (1) 673 66 Other invested assets 658 3 101 0 1 2 9 8 0 782 4 Short-term investments 44 (1) 145 0 0 (5) 0 0 0 183 0 Cash equivalents 1 0 0 0 0 0 0 0 0 1 0 Other assets 377 (64) 19 0 0 0 0 0 0 332 (62) Separate account assets(5) 1,684 84 65 (5) 0 (14) 0 10 (23) 1,801 87 Liabilities: Future policy benefits (26,439) 3,339 0 0 (331) 0 91 0 0 (23,340) 3,069 Policyholders’ account balances(6) (1,441) (34) 0 0 (74) 0 0 0 0 (1,549) (6) Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs (741) (34) 0 0 0 0 0 0 0 (775) (34) Three Months Ended September 30, 2020 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 (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss)(7) (in millions) Fixed maturities, available-for-sale $ 3 $ 0 $ 0 $ 217 $ 1 $ (12) $ 0 $ 0 $ 210 Assets supporting experience-rated contractholder liabilities 0 4 0 0 2 0 4 0 0 Other assets: Fixed maturities, trading 0 0 0 0 0 0 1 0 0 Equity securities 0 67 0 0 0 0 66 0 0 Other invested assets 0 3 0 0 0 0 4 0 0 Short-term investments (1) 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets (64) 0 0 0 0 (62) 0 0 0 Separate account assets(5) 0 0 84 0 0 0 0 87 0 Liabilities: Future policy benefits 3,339 0 0 0 0 3,069 0 0 0 Policyholders’ account balances (34) 0 0 0 0 (6) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 (34) 0 0 0 0 (34) 0 0 Nine Months Ended September 30, 2020 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into 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 $ 105 $ 0 $ 27 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 132 $ 0 U.S. states 4 0 0 0 0 0 0 0 0 4 0 Foreign government 22 0 0 0 0 0 0 1 (13) 10 0 Corporate securities(3) 3,236 33 584 (126) 0 (490) (22) 2,136 (248) 5,103 19 Structured securities(4) 948 2 484 (17) 0 (444) 156 160 (723) 566 0 Assets supporting experience-rated contractholder liabilities: Foreign government 24 0 0 0 0 (2) 0 0 0 22 0 Corporate securities(3) 637 (22) 5 (9) 0 (71) (22) 92 (32) 578 (25) Structured securities(4) 69 (1) 174 0 0 (19) 0 1 (114) 110 3 Equity securities 0 0 0 0 0 0 0 0 0 0 0 All other activity 0 0 114 0 0 (4) 0 0 0 110 0 Other assets: Fixed maturities, trading 287 (16) 21 (33) 0 0 9 19 (47) 240 (16) Equity securities 633 9 43 (13) 0 (4) 6 0 (1) 673 6 Other invested assets 567 7 182 0 5 (2) 15 8 0 782 9 Short-term investments 155 1 189 0 0 (115) (47) 0 0 183 0 Cash equivalents 131 0 0 0 0 0 (130) 0 0 1 0 Other assets 113 164 55 0 0 0 0 0 0 332 165 Separate account assets(5) 1,717 58 169 (26) 0 (47) 0 43 (113) 1,801 70 Liabilities: Future policy benefits (12,831) (9,630) 0 0 (972) 0 93 0 0 (23,340) (9,940) Policyholders’ account balances(6) (1,316) 38 0 0 (271) 0 0 0 0 (1,549) 80 Other liabilities (105) 105 0 0 0 0 0 0 0 0 105 Notes issued by consolidated VIEs (800) 25 0 0 0 0 0 0 0 (775) 25 Nine Months Ended September 30, 2020 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 (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss)(7) (in millions) Fixed maturities, available-for-sale $ (112) $ 0 $ 0 $ 141 $ 6 $ (118) $ 0 $ 0 $ 137 Assets supporting experience-rated contractholder liabilities 0 (25) 0 0 2 0 (22) 0 0 Other assets: Fixed maturities, trading 0 (17) 0 0 1 0 (16) 0 0 Equity securities 0 9 0 0 0 0 6 0 0 Other invested assets 0 7 0 0 0 1 8 0 0 Short-term investments 1 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 164 0 0 0 0 165 0 0 0 Separate account assets(5) 0 0 58 0 0 0 0 70 0 Liabilities: Future policy benefits (9,630) 0 0 0 0 (9,940) 0 0 0 Policyholders’ account balances 38 0 0 0 0 80 0 0 0 Other liabilities 0 105 0 0 0 0 105 0 0 Notes issued by consolidated VIEs 0 25 0 0 0 0 25 0 0 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 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 (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) 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 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 (loss) 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 __________ (1) “Other,” for the period ended September 30, 2020 primarily represent the sale of POK, reclassifications of certain assets between reporting categories and foreign currency translation. For September 30, 2019, “Other” primarily represent 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. (7) Effective January 1, 2020, the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period were added prospectively due to adoption of ASU 2018-13. Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement .
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. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Three Months Ended September 30, 2020 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into 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 $ 122 $ 0 $ 10 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 132 $ 0 U.S. states 4 0 0 0 0 0 0 0 0 4 0 Foreign government 21 1 0 0 0 0 0 0 (12) 10 1 Corporate securities(3) 4,904 215 165 (8) 0 (160) (23) 113 (103) 5,103 193 Structured securities(4) 801 5 96 0 0 (147) 1 68 (258) 566 4 Assets supporting experience-rated contractholder liabilities: Foreign government 24 0 0 0 0 (2) 0 0 0 22 0 Corporate securities(3) 624 5 1 0 0 (6) (22) 0 (24) 578 3 Structured securities(4) 99 1 19 0 0 (9) 0 1 (1) 110 1 Equity securities 0 0 0 0 0 0 0 0 0 0 0 All other activity 7 0 107 0 0 (4) 0 0 0 110 0 Other assets: Fixed maturities, trading 236 0 (1) (1) 0 0 1 4 1 240 1 Equity securities 594 67 15 (3) 0 (4) 5 0 (1) 673 66 Other invested assets 658 3 101 0 1 2 9 8 0 782 4 Short-term investments 44 (1) 145 0 0 (5) 0 0 0 183 0 Cash equivalents 1 0 0 0 0 0 0 0 0 1 0 Other assets 377 (64) 19 0 0 0 0 0 0 332 (62) Separate account assets(5) 1,684 84 65 (5) 0 (14) 0 10 (23) 1,801 87 Liabilities: Future policy benefits (26,439) 3,339 0 0 (331) 0 91 0 0 (23,340) 3,069 Policyholders’ account balances(6) (1,441) (34) 0 0 (74) 0 0 0 0 (1,549) (6) Other liabilities 0 0 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs (741) (34) 0 0 0 0 0 0 0 (775) (34) Three Months Ended September 30, 2020 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 (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss)(7) (in millions) Fixed maturities, available-for-sale $ 3 $ 0 $ 0 $ 217 $ 1 $ (12) $ 0 $ 0 $ 210 Assets supporting experience-rated contractholder liabilities 0 4 0 0 2 0 4 0 0 Other assets: Fixed maturities, trading 0 0 0 0 0 0 1 0 0 Equity securities 0 67 0 0 0 0 66 0 0 Other invested assets 0 3 0 0 0 0 4 0 0 Short-term investments (1) 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets (64) 0 0 0 0 (62) 0 0 0 Separate account assets(5) 0 0 84 0 0 0 0 87 0 Liabilities: Future policy benefits 3,339 0 0 0 0 3,069 0 0 0 Policyholders’ account balances (34) 0 0 0 0 (6) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Notes issued by consolidated VIEs 0 (34) 0 0 0 0 (34) 0 0 Nine Months Ended September 30, 2020 Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into 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 $ 105 $ 0 $ 27 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 132 $ 0 U.S. states 4 0 0 0 0 0 0 0 0 4 0 Foreign government 22 0 0 0 0 0 0 1 (13) 10 0 Corporate securities(3) 3,236 33 584 (126) 0 (490) (22) 2,136 (248) 5,103 19 Structured securities(4) 948 2 484 (17) 0 (444) 156 160 (723) 566 0 Assets supporting experience-rated contractholder liabilities: Foreign government 24 0 0 0 0 (2) 0 0 0 22 0 Corporate securities(3) 637 (22) 5 (9) 0 (71) (22) 92 (32) 578 (25) Structured securities(4) 69 (1) 174 0 0 (19) 0 1 (114) 110 3 Equity securities 0 0 0 0 0 0 0 0 0 0 0 All other activity 0 0 114 0 0 (4) 0 0 0 110 0 Other assets: Fixed maturities, trading 287 (16) 21 (33) 0 0 9 19 (47) 240 (16) Equity securities 633 9 43 (13) 0 (4) 6 0 (1) 673 6 Other invested assets 567 7 182 0 5 (2) 15 8 0 782 9 Short-term investments 155 1 189 0 0 (115) (47) 0 0 183 0 Cash equivalents 131 0 0 0 0 0 (130) 0 0 1 0 Other assets 113 164 55 0 0 0 0 0 0 332 165 Separate account assets(5) 1,717 58 169 (26) 0 (47) 0 43 (113) 1,801 70 Liabilities: Future policy benefits (12,831) (9,630) 0 0 (972) 0 93 0 0 (23,340) (9,940) Policyholders’ account balances(6) (1,316) 38 0 0 (271) 0 0 0 0 (1,549) 80 Other liabilities (105) 105 0 0 0 0 0 0 0 0 105 Notes issued by consolidated VIEs (800) 25 0 0 0 0 0 0 0 (775) 25 Nine Months Ended September 30, 2020 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 (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss)(7) (in millions) Fixed maturities, available-for-sale $ (112) $ 0 $ 0 $ 141 $ 6 $ (118) $ 0 $ 0 $ 137 Assets supporting experience-rated contractholder liabilities 0 (25) 0 0 2 0 (22) 0 0 Other assets: Fixed maturities, trading 0 (17) 0 0 1 0 (16) 0 0 Equity securities 0 9 0 0 0 0 6 0 0 Other invested assets 0 7 0 0 0 1 8 0 0 Short-term investments 1 0 0 0 0 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 164 0 0 0 0 165 0 0 0 Separate account assets(5) 0 0 58 0 0 0 0 70 0 Liabilities: Future policy benefits (9,630) 0 0 0 0 (9,940) 0 0 0 Policyholders’ account balances 38 0 0 0 0 80 0 0 0 Other liabilities 0 105 0 0 0 0 105 0 0 Notes issued by consolidated VIEs 0 25 0 0 0 0 25 0 0 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 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 (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) 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 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 (loss) 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 __________ (1) “Other,” for the period ended September 30, 2020 primarily represent the sale of POK, reclassifications of certain assets between reporting categories and foreign currency translation. For September 30, 2019, “Other” primarily represent 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. (7) Effective January 1, 2020, the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period were added prospectively due to adoption of ASU 2018-13. Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement .
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, 2020 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 12 $ 22,770 $ 1 $ $ 22,783 Currency 0 797 0 797 Credit 0 10 0 10 Currency/Interest Rate 0 2,837 0 2,837 Equity 102 893 0 995 Other 0 0 0 0 Netting(1) (26,232) (26,232) Total derivative assets $ 114 $ 27,307 $ 1 $ (26,232) $ 1,190 Derivative Liabilities: Interest Rate $ 77 $ 10,654 $ 0 $ $ 10,731 Currency 0 565 0 565 Credit 0 23 0 23 Currency/Interest Rate 0 601 0 601 Equity 31 812 0 843 Other 0 0 0 0 Netting(1) (12,190) (12,190) Total derivative liabilities $ 108 $ 12,655 $ 0 $ (12,190) $ 573 As of December 31, 2019 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 4 $ 11,238 $ 1 $ $ 11,243 Currency 0 230 0 230 Credit 0 21 0 21 Currency/Interest Rate 0 2,207 0 2,207 Equity 2 683 0 685 Other 0 0 0 0 Netting(1) (13,519) (13,519) Total derivative assets $ 6 $ 14,379 $ 1 $ (13,519) $ 867 Derivative Liabilities: Interest Rate $ 38 $ 5,176 $ 0 $ $ 5,214 Currency 0 271 0 271 Credit 0 0 0 0 Currency/Interest Rate 0 647 0 647 Equity 3 1,401 0 1,404 Other 0 0 0 0 Netting(1) (6,705) (6,705) Total derivative liabilities $ 41 $ 7,495 $ 0 $ (6,705) $ 831 __________ (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	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, 2020 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, 2020 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 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 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) ______ (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.
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 2020 2019 2020 2019 (in millions) Realized investment gains (losses) net: Commercial mortgage loans(1) $ 3 $ 1 $ 0 $ 1 Mortgage servicing rights(2) $ 5 $ (3) $ (24) $ (5) September 30, 2020 December 31, 2019 (in millions) Carrying value after measurement as of period end: Commercial mortgage loans(1) $ 0 $ 15 Mortgage servicing rights(2) $ 280 $ 87 __________ (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 2020 2019 2020 2019 (in millions) Liabilities: Notes issued by consolidated VIEs: Changes in fair value $ 34 $ (9) $ (25) $ (8) Three Months Ended Nine Months Ended 2020 2019 2020 2019 (in millions) Commercial mortgage and other loans: Interest income $ 4 $ 5 $ 10 $ 16 Notes issued by consolidated VIEs: Interest expense $ 10 $ 11 $ 32 $ 33 September 30, 2020 December 31, 2019 (in millions) Commercial mortgage and other loans(1): Fair value as of period end $ 915 $ 228 Aggregate contractual principal as of period end $ 896 $ 224 Other assets: Fair value as of period end $ 10 $ 10 Notes issued by consolidated VIEs: Fair value as of period end $ 775 $ 800 Aggregate contractual principal as of period end $ 857 $ 857 __________ (1) As of September 30, 2020, 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, 2020 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in millions) Assets: Fixed maturities, held-to-maturity(2) $ 0 $ 2,177 $ 87 $ 2,264 $ 1,901 Assets supporting experience-rated contractholder liabilities 31 0 0 31 31 Commercial mortgage and other loans 0 105 66,812 66,917 63,626 Policy loans 0 0 11,502 11,502 11,502 Other invested assets 0 177 0 177 177 Short-term investments 1,855 20 0 1,875 1,875 Cash and cash equivalents 7,919 654 0 8,573 8,573 Accrued investment income 0 3,129 0 3,129 3,129 Other assets 146 2,513 392 3,051 3,050 Total assets $ 9,951 $ 8,775 $ 78,793 $ 97,519 $ 93,864 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 37,425 $ 72,888 $ 110,313 $ 107,498 Securities sold under agreements to repurchase 0 10,874 0 10,874 10,874 Cash collateral for loaned securities 0 3,071 0 3,071 3,071 Short-term debt 0 1,011 104 1,115 1,113 Long-term debt(3) 622 21,514 1,184 23,320 20,169 Notes issued by consolidated VIEs 0 0 467 467 467 Other liabilities 0 7,438 48 7,486 7,486 Separate account liabilities—investment contracts 0 79,329 23,653 102,982 102,982 Total liabilities $ 622 $ 160,662 $ 98,344 $ 259,628 $ 253,660 December 31, 2019 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in millions) Assets: Fixed maturities, held-to-maturity(2) $ 0 $ 2,217 $ 85 $ 2,302 $ 1,933 Assets supporting experience-rated contractholder liabilities 16 0 0 16 16 Commercial mortgage and other loans 0 107 65,558 65,665 63,331 Policy loans 0 0 12,096 12,096 12,096 Other invested assets 0 36 0 36 36 Short-term investments 1,492 39 0 1,531 1,531 Cash and cash equivalents 6,278 1,043 0 7,321 7,321 Accrued investment income 0 3,330 0 3,330 3,330 Other assets 147 2,526 643 3,316 3,315 Total assets $ 7,933 $ 9,298 $ 78,382 $ 95,613 $ 92,909 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 32,940 $ 69,216 $ 102,156 $ 101,241 Securities sold under agreements to repurchase 0 9,681 0 9,681 9,681 Cash collateral for loaned securities 0 4,213 0 4,213 4,213 Short-term debt 0 1,748 205 1,953 1,933 Long-term debt(3) 1,950 18,188 1,186 21,324 18,646 Notes issued by consolidated VIEs 0 0 474 474 474 Other liabilities 0 6,403 579 6,982 6,982 Separate account liabilities—investment contracts 0 77,134 24,407 101,541 101,541 Total liabilities $ 1,950 $ 150,307 $ 96,067 $ 248,324 $ 244,711 __________ (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 $5,814 million (carrying amount of $4,998 million) and $5,401 million (carrying amount of $4,998 million) as of September 30, 2020 and December 31, 2019, respectively, which have been offset with the associated payables under a netting agreement. (3) Includes notes with fair value of $12,408 million (carrying amount of $11,464 million) and $10,158 million (carrying amount of $9,749 million) as of September 30, 2020 and December 31, 2019, respectively, which have been offset with the associated receivables under a netting agreement.

Closed Block (Tables)

Closed Block (Tables)	9 Months Ended
	Sep. 30, 2020
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 $ 46,918 $ 47,613 Policyholders’ dividends payable 754 717 Policyholders’ dividend obligation 8,141 6,149 Policyholders’ account balances 4,894 4,973 Other Closed Block liabilities 3,224 4,049 Total Closed Block liabilities 63,931 63,501 Closed Block assets Fixed maturities, available-for-sale, at fair value 41,973 41,146 Fixed maturities, trading, at fair value 257 256 Equity securities, at fair value 2,074 2,245 Commercial mortgage and other loans 8,419 8,629 Policy loans 4,106 4,264 Other invested assets 3,418 3,333 Short-term investments 79 227 Total investments 60,326 60,100 Cash and cash equivalents 385 191 Accrued investment income 459 456 Other Closed Block assets 141 93 Total Closed Block assets 61,311 60,840 Excess of reported Closed Block liabilities over Closed Block assets 2,620 2,661 Portion of above representing accumulated other comprehensive income (loss): Net unrealized investment gains (losses) 5,473 3,280 Allocated to policyholder dividend obligation (5,530) (3,332) Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,563 $ 2,609
Schedule of Closed Block Dividend Obligation	Information regarding the policyholder dividend obligation is as follows: Nine Months Ended (in millions) Balance, December 31, 2019 $ 6,149 Cumulative effect adjustment from the adoption of ASU 2016-13(1) (13) Impact from earnings allocable to policyholder dividend obligation (192) Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation 2,197 Balance, September 30, 2020 $ 8,141
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 2020 2019 2020 2019 (in millions) Revenues Premiums $ 459 $ 510 $ 1,457 $ 1,618 Net investment income 586 591 1,649 1,732 Realized investment gains (losses), net 18 351 266 456 Other income (loss) 242 31 (43) 356 Total Closed Block revenues 1,305 1,483 3,329 4,162 Benefits and Expenses Policyholders’ benefits 641 659 2,013 2,148 Interest credited to policyholders’ account balances 32 33 96 97 Dividends to policyholders 532 649 955 1,617 General and administrative expenses 81 88 248 266 Total Closed Block benefits and expenses 1,286 1,429 3,312 4,128 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes 19 54 17 34 Income tax expense (benefit) 4 39 (30) (14) Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 15 $ 15 $ 47 $ 48

Short-Term and Long-Term Debt (

Short-Term and Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2020
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, 2020 December 31, 2019 ($ in millions) Commercial paper: Prudential Financial $ 25 $ 25 Prudential Funding, LLC 455 524 Subtotal commercial paper 480 549 Current portion of long-term debt: Senior Notes 529 1,179 Mortgage Debt 97 192 Surplus notes subject to set-off arrangements (1) 250 0 Subtotal current portion of long-term debt 876 1,371 Other(2) 7 13 Subtotal 1,363 1,933 Less: assets under set-off arrangements(1) 250 0 Total short-term debt(3) $ 1,113 $ 1,933 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 224 $ 224 Daily average commercial paper outstanding for the quarter ended $ 1,733 $ 1,702 Weighted average maturity of outstanding commercial paper, in days 14 6 Weighted average interest rate on outstanding commercial paper 0.11 % 1.61 % _________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes. (2) Includes $7 million drawn on a revolving line of credit held by a subsidiary at September 30, 2020. (3) Includes Prudential Financial debt of $553 million and $1,204 million at September 30, 2020 and December 31, 2019, respectively.
Schedule of Long-term Debt	The table below presents the Company’s long-term debt as of the dates indicated: September 30, 2020 December 31, 2019 (in millions) Fixed-rate obligations: Surplus notes $ 343 $ 342 Surplus notes subject to set-off arrangements(1) 8,884 7,484 Senior notes 11,577 10,084 Mortgage debt(2) 67 104 Floating-rate obligations: Line of credit 300 300 Surplus notes subject to set-off arrangements(1) 2,330 2,265 Mortgage debt(3) 271 241 Junior subordinated notes(4) 7,611 7,575 Subtotal 31,383 28,395 Less: assets under set-off arrangements(1) 11,214 9,749 Total long-term debt(5) $ 20,169 $ 18,646 __________ (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 $43 million and $43 million of debt denominated in foreign currency at September 30, 2020 and December 31, 2019, respectively. (3) Includes $29 million and $53 million of debt denominated in foreign currency at September 30, 2020 and December 31, 2019, respectively. (4) Includes Prudential Financial debt of $7,552 million and $7,518 million at September 30, 2020 and December 31, 2019, respectively. Also includes subsidiary debt of $59 million and $57 million denominated in foreign currency at September 30, 2020 and December 31, 2019, respectively. (5) Includes Prudential Financial debt of $18,956 million and $17,430 million at September 30, 2020 and December 31, 2019, respectively.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2020
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 2020 2019 2020 2019 (in millions) Components of net periodic (benefit) cost: Service cost $ 80 $ 73 $ 6 $ 5 Interest cost 108 122 15 20 Expected return on plan assets (201) (204) (25) (24) Amortization of prior service cost (1) (1) 2 1 Amortization of actuarial (gain) loss, net 65 54 4 6 Settlements (1) 4 0 0 Special termination benefits(1)(2) 5 2 0 0 Net periodic (benefit) cost $ 55 $ 50 $ 2 $ 8 Nine Months Ended September 30, Pension Benefits Other Postretirement Benefits 2020 2019 2020 2019 (in millions) Components of net periodic (benefit) cost: Service cost $ 241 $ 218 $ 18 $ 16 Interest cost 323 368 47 59 Expected return on plan assets (604) (612) (75) (71) Amortization of prior service cost (3) (3) 5 3 Amortization of actuarial (gain) loss, net 196 162 12 18 Settlements 3 52 0 0 Special termination benefits(1)(2) 7 3 0 0 Net periodic (benefit) cost $ 163 $ 188 $ 7 $ 25 __________ (1) For 2020 certain employees were provided special termination benefits under non-qualified plans in the form of unreduced early retirement benefits as a result of their involuntary termination or participation in the Voluntary Separation Program that was offered to eligible U.S.-based employees in 2019. (2) For 2019 certain employees were provided special termination benefits under non-qualified plans in the form of unreduced early retirement benefits as a result of their involuntary termination.

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2020
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 Outstanding (in millions) Balance, December 31, 2019 666.3 267.5 398.8 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 6.7 (6.7) Stock-based compensation programs(1) 0.0 (3.3) 3.3 Balance, September 30, 2020 666.3 270.9 395.4 __________ (1) 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 2020 2019 2020 2019 Dividends declared per share of Common Stock $ 1.10 $ 1.00 $ 3.30 $ 3.00
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, 2020 and 2019, are as follows: Accumulated Other Comprehensive Income (Loss) Attributable to Foreign Currency Net Unrealized Pension and Total (in millions) Balance, December 31, 2019 $ (536) $ 28,112 $ (3,537) $ 24,039 Change in OCI before reclassifications 69 7,939 8 8,016 Amounts reclassified from AOCI 46 (1,045) 210 (789) Income tax benefit (expense) 73 (1,289) (49) (1,265) Balance, September 30, 2020 $ (348) $ 33,717 $ (3,368) $ 30,001 Accumulated Other Comprehensive Income (Loss) Attributable to Foreign Currency Net Unrealized Pension and Total (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 __________ (1) Includes cash flow hedges of $1,407 million and $832 million as of September 30, 2020 and December 31, 2019, respectively, and $1,584 million and $811 million as of September 30, 2019 and December 31, 2018, respectively, and fair value hedges of $(1) million and $0 million as of September 30, 2020 and December 31, 2019, 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 2020 2019 2020 2019 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustments $ (2) $ 0 $ (7) $ (5) Realized investment gains (losses), net Foreign currency translation adjustments (39) 0 (39) 0 Other income (loss) Total foreign currency translation adjustment (41) 0 (46) (5) Net unrealized investment gains (losses): Cash flow hedges—Interest rate 19 57 27 56 (3) Cash flow hedges—Currency 0 3 4 5 (3) Cash flow hedges—Currency/Interest rate (77) 267 343 438 (3) Net unrealized investment gains (losses) on available-for-sale securities 401 360 671 689 Total net unrealized investment gains (losses) 343 687 1,045 1,188 (4) Amortization of defined benefit pension items: Prior service cost (1) 0 (2) 0 (5) Actuarial gain (loss) (69) (60) (208) (180) (5) Total amortization of defined benefit pension items (70) (60) (210) (180) Total reclassifications for the period $ 232 $ 627 $ 789 $ 1,003 __________ (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 10 for information on employee benefit plans.
Allowance for Credit Losses Net Unrealized Investment Gain (Loss) AOCI Rollforward	The amounts for the periods indicated below, split between amounts related to available-for-sale fixed maturity securities on which an allowance for credit losses has been recognized, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Investment Gains (Losses) on Available-for-sale Fixed Maturity Securities on which an allowance for credit losses has been recognized Net Unrealized DAC, DSI, VOBA and Reinsurance Recoverables Future Policy Policyholders’ Deferred Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) (in millions) December 31, 2019(1) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Net investment gains (losses) on investments arising during the period 41 (8) 33 Reclassification adjustment for (gains) losses included in net income 23 (4) 19 Increase (Decrease) due to non-credit related losses recognized in AOCI during the period (87) 17 (70) Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables 2 0 2 Impact of net unrealized investment (gains) losses on future policy benefits, policyholders’ account balances and reinsurance payables 0 0 0 Impact of net unrealized investment (gains) losses on policyholders’ dividends (3) 1 (2) Balance, September 30, 2020 $ (23) $ 2 $ 0 $ (3) $ 6 $ (18) __________
All Other Net Unrealized Investment Gain (Loss) AOCI Rollforward	All Other Net Unrealized Investment Gains (Losses) in AOCI Net Unrealized DAC, DSI, VOBA and Reinsurance Recoverables Future Policy Policyholders’ Deferred Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) (in millions) December 31, 2019(2) $ 45,339 $ (1,585) $ (2,909) $ (3,366) $ (9,367) $ 28,112 Net investment gains (losses) on investments arising during the period 11,509 (2,232) 9,277 Reclassification adjustment for (gains) losses included in net income (1,068) 207 (861) Reclassification due to allowance for credit losses recorded during the period 87 (17) 70 Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables 336 (68) 268 Impact of net unrealized investment (gains) losses on future policy benefits, policyholders’ account balances and reinsurance payables (1,764) 357 (1,407) Impact of net unrealized investment (gains) losses on policyholders’ dividends (2,182) 458 (1,724) Balance, September 30, 2020 $ 55,867 $ (1,249) $ (4,673) $ (5,548) $ (10,662) $ 33,735 __________ (1) Includes cash flow and fair value hedges. See Note 5 for information on cash flow and fair value hedges. (2) Includes net unrealized gains (losses) for which an OTTI loss had been previously recognized.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
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, 2020 2019 Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 1,507 $ 1,425 Less: Income (loss) attributable to noncontrolling interests 20 7 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 18 15 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,469 395.3 $ 3.72 $ 1,403 404.1 $ 3.47 Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 18 $ 15 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 18 15 Stock options 0.3 1.0 Deferred and long-term compensation programs 1.5 1.2 Exchangeable Surplus Notes 0 0.0 1 2.2 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,469 397.1 $ 3.70 $ 1,404 408.5 $ 3.44 Nine Months Ended September 30, 2020 2019 Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ (1,168) $ 3,100 Less: Income (loss) attributable to noncontrolling interests 25 42 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 16 33 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ (1,209) 395.6 $ (3.06) $ 3,025 406.2 $ 7.45 Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 16 $ 33 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 16 33 Stock options 0.0 1.1 Deferred and long-term compensation programs 0.0 1.1 Exchangeable Surplus Notes 0 0.0 12 4.8 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ (1,209) 395.6 $ (3.06) $ 3,037 413.2 $ 7.35 __________ (1) For the nine months ended September 30, 2020, weighted average shares for basic earnings per share is also used for calculating diluted earnings per share because dilutive shares and dilutive earnings per share are not applicable when a net loss is reported. As a result of the net loss attributable to Prudential Financial available to holders of Common Stock for the nine months ended September 30, 2020, all potential stock options and compensation programs were considered antidilutive.
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, 2020 2019 Shares Exercise Price Shares Exercise Price (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 3.2 $ 84.17 1.4 $ 101.57 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 0.2 0.0 Antidilutive shares due to net loss available to holders of Common Stock 0.0 0.0 Total antidilutive stock options and shares 3.4 1.4 Nine Months Ended September 30, 2020 2019 Shares Exercise Price Shares Exercise Price (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 3.4 $ 80.64 1.2 $ 103.35 Antidilutive stock options due to net loss available to holders of Common Stock 0.4 0.0 Antidilutive shares based on application of the treasury stock method 0.2 0.0 Antidilutive shares due to net loss available to holders of Common Stock 1.6 0.0 Total antidilutive stock options and shares 5.6 1.2

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2020
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 2020 2019 2020 2019 Adjusted operating income before income taxes by segment: (in millions) PGIM $ 370 $ 232 $ 858 $ 710 U.S. Businesses: U.S. Workplace Solutions division: Retirement 372 302 898 1,020 Group Insurance 22 90 71 224 Total U.S. Workplace Solutions division 394 392 969 1,244 U.S. Individual Solutions division: Individual Annuities(1) 408 459 1,030 1,393 Individual Life 101 59 17 29 Total U.S. Individual Solutions division 509 518 1,047 1,422 Assurance IQ division(2): Assurance IQ (30) 0 (69) 0 Total Assurance IQ division (30) 0 (69) 0 Total U.S. Businesses 873 910 1,947 2,666 International Businesses(3) 775 721 2,162 2,364 Corporate and Other (455) (281) (1,338) (1,028) Total segment adjusted operating income before income taxes 1,563 1,582 3,629 4,712 Reconciling items: Realized investment gains (losses), net, and related adjustments(4) 223 331 (2,746) (882) Charges related to realized investment gains (losses), net (70) (92) (353) (149) Market experience updates(5) (134) (314) (1,016) (515) Divested and Run-off Businesses: Closed Block division 8 45 (15) 5 Other Divested and Run-off Businesses(3) (132) 207 (725) 641 Other adjustments(6) (12) 0 65 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests 1 (34) (62) (71) Income (loss) before income taxes and equity in earnings of operating joint ventures per Unaudited Interim Consolidated Financial Statements $ 1,447 $ 1,725 $ (1,223) $ 3,741 ________ (1) Individual Annuities segment results reflect DAC as if the Individual Annuities 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) Assurance IQ was acquired by the Company in October 2019. For additional information, see Note 1 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. (3) Effective second quarter of 2020, the results of POK and the impact of its sale are excluded from the International Businesses and are included in the Divested and Run-off Businesses in Corporate and Other. Effective third quarter of 2020, the results of POT and the impact of its anticipated sale are excluded from the International Businesses and are included in the Divested and Run-off Businesses in Corporate and Other. Prior period amounts have been updated to conform to current period presentation. See Note 1 for additional information. (4) Prior period amounts have been updated to conform to current period presentation. (5) 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. (6) Represents adjustments not included in the above reconciling items. “Other adjustments” include certain components of the consideration for the Assurance IQ acquisition, which are recognized as compensation expense over the requisite service periods, as well as changes in the fair value of contingent consideration.
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. September 30, December 31, Assets by segment: (in millions) PGIM $ 48,507 $ 47,655 U.S. Businesses: U.S. Workplace Solutions division: Retirement 205,878 198,153 Group Insurance 43,851 43,712 Total U.S. Workplace Solutions division 249,729 241,865 U.S. Individual Solutions division: Individual Annuities 193,509 189,040 Individual Life 104,036 96,072 Total U.S. Individual Solutions division 297,545 285,112 Assurance IQ division(1): Assurance IQ 2,621 2,639 Total Assurance IQ division 2,621 2,639 Total U.S. Businesses 549,895 529,616 International Businesses(2) 224,932 213,335 Corporate and Other(2) 26,433 44,619 Closed Block division 61,822 61,327 Total assets per Unaudited Interim Consolidated Financial Statements $ 911,589 $ 896,552 __________ (1) Assurance IQ was acquired by the Company in October 2019. For additional information, see Note 1 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. (2) Effective second quarter of 2020, the carrying amount of assets of POK are excluded from the International Businesses and are included in the Divested and Run-off Businesses in Corporate and Other. Effective third quarter of 2020, the carrying amount of assets of POT are excluded from the International Businesses and are included in the Divested and Run-off Businesses in Corporate and Other. Prior period amounts have been updated to conform to current period presentation. See Note 1 for additional information. Three Months Ended Nine Months Ended 2020 2019 2020 2019 Revenues on an adjusted operating income basis: (in millions) PGIM $ 1,066 $ 855 $ 2,801 $ 2,651 U.S. Businesses: U.S. Workplace Solutions division: Retirement 2,690 2,261 8,119 8,486 Group Insurance 1,457 1,438 4,352 4,340 Total U.S. Workplace Solutions division 4,147 3,699 12,471 12,826 U.S. Individual Solutions division: Individual Annuities 1,148 1,251 3,249 3,774 Individual Life 1,609 1,529 4,702 4,519 Total U.S. Individual Solutions division 2,757 2,780 7,951 8,293 Assurance IQ division(1): Assurance IQ 75 0 194 0 Total Assurance IQ division 75 0 194 0 Total U.S. Businesses 6,979 6,479 20,616 21,119 International Businesses(2) 5,481 5,216 16,201 15,734 Corporate and Other (190) (177) (545) (512) Total revenues on an adjusted operating income basis 13,336 12,373 39,073 38,992 Reconciling items: Realized investment gains (losses), net, and related adjustments(3) 392 491 (2,290) (6) Charges related to realized investment gains (losses), net (40) (62) (121) (187) Market experience updates(4) (58) (67) (406) (74) Divested and Run-off Businesses: Closed Block division 1,301 1,482 3,318 4,157 Other Divested and Run-off Businesses(2) 511 928 1,411 2,813 Other adjustments(5) 0 0 105 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (17) (40) (86) (111) Total revenues per Unaudited Interim Consolidated Financial Statements $ 15,425 $ 15,105 $ 41,004 $ 45,584 __________ (1) Assurance IQ was acquired by the Company in October 2019. For additional information, see Note 1 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. (2) Effective second quarter of 2020, the results of POK and the impact of its sale are excluded from the International Businesses and are included in the Divested and Run-off Businesses in Corporate and Other. Effective third quarter of 2020, the results of POT and the impact of its anticipated sale are excluded from the International Businesses and are included in the Divested and Run-off Businesses in Corporate and Other. Prior period amounts have been updated to conform to current period presentation. See Note 1 for additional information. (3) Prior period amounts have been updated to conform to current period presentation. (4) 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. (5) Represents adjustments not included in the above reconciling items. “Other adjustments” include certain components of the consideration for the Assurance IQ acquisition, which are recognized as compensation expense over the requisite service periods, as well as changes in the fair value of contingent consideration.
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 2020 2019 2020 2019 (in millions) PGIM segment intersegment revenues $ 215 $ 197 $ 640 $ 571
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, 2020 2019 2020 2019 (in millions) Asset-based management fees $ 930 $ 881 $ 2,644 $ 2,596 Performance-based incentive fees 43 10 73 108 Other fees 147 147 427 433 Total asset management and service fees $ 1,120 $ 1,038 $ 3,144 $ 3,137

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
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, 2020 December 31, 2019 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Office $ 12,677 19.9 % $ 13,462 21.4 % Retail 7,677 12.0 8,379 13.3 Apartments/Multi-Family 18,385 28.8 17,348 27.6 Industrial 13,639 21.4 13,226 21.1 Hospitality 2,390 3.7 2,415 3.9 Other 5,051 7.9 4,533 7.2 Total commercial mortgage loans 59,819 93.7 59,363 94.5 Agricultural property loans 4,015 6.3 3,472 5.5 Total commercial mortgage and agricultural property loans 63,834 100.0 % 62,835 100.0 % Allowance for credit losses (227) (117) Total net commercial mortgage and agricultural property loans 63,607 62,718 Other loans: Uncollateralized loans 723 656 Residential property loans 104 124 Other collateralized loans 115 65 Total other loans 942 845 Allowance for credit losses (8) (4) Total net other loans 934 841 Total net commercial mortgage and other loans(1) $ 64,541 $ 63,559 __________ (1) Includes loans held for sale which are carried at fair value and are collateralized primarily by apartment complexes. As of September 30, 2020 and December 31, 2019, the net carrying value of these loans was $915 million and $228 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 $ 1,701 $ 2,129 Portion of commitment where prearrangement to sell to investor exists $ 959 $ 751
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 $ 8,968 $ 7,372 Expected to be funded from separate accounts $ 120 $ 49
Indemnification
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) $ 7,328 $ 5,071 Fair value of related collateral associated with above indemnifications(2) $ 7,480 $ 5,204 Accrued liability associated with guarantee $ 0 $ 0 __________ (1) Includes $34 million and $38 million related to securities repurchase transactions as of September 30, 2020 and December 31, 2019, respectively. (2) Includes $34 million and $37 million related to securities repurchase transactions as of September 30, 2020 and December 31, 2019, respectively.
Indemnification | 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 $ 2,451 $ 2,113 First-loss exposure portion of above $ 718 $ 622 Accrued liability associated with guarantees(1) $ 39 $ 19 __________
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 $ 84,088 $ 80,009 Fair value of collateral supporting these assets $ 88,425 $ 81,604 Asset (liability) associated with guarantee, carried at fair value $ 1 $ 1
Other Guarantees
Commitments and Contingent Liabilities [Line Items]
Guarantees	Other Guarantees September 30, December 31, (in millions) Other guarantees where amount can be determined $ 52 $ 55 Accrued liability for other guarantees and indemnifications $ 0 $ 0

Business and Basic Presentation

Business and Basic Presentation (Narrative) (Details) $ in Millions, ₩ in Trillions	3 Months Ended			9 Months Ended
	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Aug. 31, 2020USD ($)	Aug. 31, 2020KRW (₩)	Aug. 11, 2020USD ($)	Aug. 11, 2020TWD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other income	$ 992,000,000		$ 320,000,000	$ (125,000,000)	$ 2,217,000,000
The Prudential Life Insurance Company of Korea, Ltd. | Discontinued Operations, Held for Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash considerations for sale of a business						$ 1,900,000,000	₩ 2.3
Other income	(100,000,000)	$ (700,000,000)		$ (800,000,000)
The Prudential Life Insurance Company of Taiwan Inc. | Discontinued Operations, Held for Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash considerations for sale of a business								$ 190,000,000	$ 5,500
Other income	$ (300,000,000)
Business Combination, Contingent Consideration, Asset								26,000,000
The Prudential Life Insurance Company of Taiwan Inc. | Discontinued Operations, Held for Sale | Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Business Combination, Contingent Consideration, Asset								$ 100,000,000

Significant Accounting Polici_4

Significant Accounting Policies and Pronouncements (Summary of Transition Impact) (Details) - USD ($) $ in Millions		Sep. 30, 2020		Jun. 30, 2020	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fixed maturities, held-to-maturity	[1]	$ 1,901	[2]				$ 1,933
Commercial mortgage and other loans	[1]	64,541	[2]				63,559
Other invested assets	[1]	16,921	[2]				15,606
Deferred policy acquisition costs		18,599	[2]				19,912
Other assets	[1]	21,536	[2]				20,832
Total Assets		911,589					896,552
Policyholders’ dividends		8,978	[2]				6,988
Other liabilities	[1]	18,579	[2]				20,802
Income taxes		12,111	[2]				11,378
Total liabilities		844,699					832,833
Retained earnings		30,372					32,991
Total equity		66,890		$ 66,508	$ 61,072		63,719	$ 66,314	$ 62,153	$ 55,450	$ 49,031
Total liabilities and equity		911,589					$ 896,552
ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other liabilities		$ 19
Restatement Adjustment | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fixed maturities, held-to-maturity						$ (9)
Commercial mortgage and other loans						(115)
Other invested assets						(1)
Deferred policy acquisition costs						9
Other assets						(6)
Total Assets						(122)
Policyholders’ dividends						(14)
Other liabilities						21
Income taxes						(30)
Total liabilities						(23)
Retained earnings						(99)
Total equity						(99)
Total liabilities and equity						$ (122)
[1]	See Note 4 for details of balances associated with variable interest entities.
[2]	September 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.

Investments (Fixed Maturities S

Investments (Fixed Maturities Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Millions		Sep. 30, 2020		Dec. 31, 2019
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		$ 346,511		$ 346,574
Allowance for Credit Losses		152
Fair Value	[1]	400,816		391,096
Amortized Cost	[1]	1,901	[2]	1,933
Fair Value		2,264		2,302
Allowance for Credit Losses		9
Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		346,511		346,574
Gross Unrealized Gains		56,106		45,837
Gross Unrealized Losses		1,649		1,315
Allowance for Credit Losses		152
Fair Value		400,816		391,096
Amortized Cost		1,910		1,933
Gross Unrealized Gains		354		369
Gross Unrealized Losses		0		0
Fair Value		2,264		2,302
Allowance for Credit Losses		9
Amortized Cost, Net of Allowance		1,901
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		31,095		30,625
Gross Unrealized Gains		11,040		5,195
Gross Unrealized Losses		23		161
Allowance for Credit Losses		0
Fair Value		42,112		35,659
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		10,555		10,068
Gross Unrealized Gains		2,052		1,437
Gross Unrealized Losses		4		8
Allowance for Credit Losses		0
Fair Value		12,603		11,497
Fixed maturities | Foreign government bonds
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		90,915		98,356
Gross Unrealized Gains		16,317		20,761
Gross Unrealized Losses		195		63
Allowance for Credit Losses		1
Fair Value		107,036		119,054
Amortized Cost		915		891
Gross Unrealized Gains		265		282
Gross Unrealized Losses		0		0
Fair Value		1,180		1,173
Allowance for Credit Losses		0
Amortized Cost, Net of Allowance		915
Fixed maturities | U.S. public corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		92,988		87,566
Gross Unrealized Gains		16,259		11,030
Gross Unrealized Losses		454		257
Allowance for Credit Losses		64
Fair Value		108,729		98,339
Fixed maturities | U.S. private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		35,846		34,410
Gross Unrealized Gains		3,586		2,243
Gross Unrealized Losses		192		120
Allowance for Credit Losses		29
Fair Value		39,211		36,533
Fixed maturities | Foreign public corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		25,131		26,841
Gross Unrealized Gains		3,408		3,054
Gross Unrealized Losses		185		70
Allowance for Credit Losses		24
Fair Value		28,330		29,825
Amortized Cost		637		649
Gross Unrealized Gains		66		64
Gross Unrealized Losses		0		0
Fair Value		703		713
Allowance for Credit Losses		9
Amortized Cost, Net of Allowance		628
Fixed maturities | Foreign private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		27,934		27,619
Gross Unrealized Gains		1,785		1,201
Gross Unrealized Losses		485		580
Allowance for Credit Losses		30
Fair Value		29,204		28,240
Amortized Cost		85		83
Gross Unrealized Gains		2		2
Gross Unrealized Losses		0		0
Fair Value		87		85
Allowance for Credit Losses		0
Amortized Cost, Net of Allowance		85
Fixed maturities | Asset-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		14,070		13,067
Gross Unrealized Gains		168		147
Gross Unrealized Losses		104		40
Allowance for Credit Losses		0
Fair Value		14,134		13,174
Fixed maturities | Commercial mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		15,096		14,978
Gross Unrealized Gains		1,263		610
Gross Unrealized Losses		6		14
Allowance for Credit Losses		4
Fair Value		16,349		15,574
Fixed maturities | Residential mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		2,881		3,044
Gross Unrealized Gains		228		159
Gross Unrealized Losses		1		2
Allowance for Credit Losses		0
Fair Value		3,108		3,201
Amortized Cost		273		310
Gross Unrealized Gains		21		21
Gross Unrealized Losses		0		0
Fair Value		294		331
Allowance for Credit Losses		0
Amortized Cost, Net of Allowance		273
Available-for-sale | OTTI | Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI				(119)
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
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
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)
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				(6)
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
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				(1)
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
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				(77)
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
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)
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				362
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
Prudential Netting Agreement | U.S. private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fair Value		6,466		4,751
Prudential Netting Agreement | Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		4,998		4,998
Fair Value		5,814		5,401
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		6,466		4,751
Fair Value		$ 6,594		$ 4,757
[1]	See Note 4 for details of balances associated with variable interest entities.
[2]	September 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.

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, 2020	Dec. 31, 2019
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	$ 27,124	$ 21,898
Less Than Twelve Months, Gross Unrealized Losses	867	437
Twelve Months or More, Fair Value	10,737	15,006
Twelve Months or More, Gross Unrealized Losses	751	878
Total, Fair Value	37,861	36,904
Total, Gross Unrealized Losses	1,618	1,315
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	1,068	4,950
Less Than Twelve Months, Gross Unrealized Losses	23	161
Twelve Months or More, Fair Value	0	267
Twelve Months or More, Gross Unrealized Losses	0	0
Total, Fair Value	1,068	5,217
Total, Gross Unrealized Losses	23	161
Obligations of U.S. states and their political subdivisions
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	200	273
Less Than Twelve Months, Gross Unrealized Losses	4	8
Twelve Months or More, Fair Value	0	0
Twelve Months or More, Gross Unrealized Losses	0	0
Total, Fair Value	200	273
Total, Gross Unrealized Losses	4	8
Foreign government bonds
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	5,548	2,332
Less Than Twelve Months, Gross Unrealized Losses	190	60
Twelve Months or More, Fair Value	44	126
Twelve Months or More, Gross Unrealized Losses	5	3
Total, Fair Value	5,592	2,458
Total, Gross Unrealized Losses	195	63
U.S. public corporate securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	6,939	3,944
Less Than Twelve Months, Gross Unrealized Losses	261	85
Twelve Months or More, Fair Value	1,332	2,203
Twelve Months or More, Gross Unrealized Losses	174	172
Total, Fair Value	8,271	6,147
Total, Gross Unrealized Losses	435	257
U.S. private corporate securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	2,452	2,283
Less Than Twelve Months, Gross Unrealized Losses	105	44
Twelve Months or More, Fair Value	847	1,563
Twelve Months or More, Gross Unrealized Losses	86	76
Total, Fair Value	3,299	3,846
Total, Gross Unrealized Losses	191	120
Foreign public corporate securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	2,022	1,271
Less Than Twelve Months, Gross Unrealized Losses	126	23
Twelve Months or More, Fair Value	367	496
Twelve Months or More, Gross Unrealized Losses	52	47
Total, Fair Value	2,389	1,767
Total, Gross Unrealized Losses	178	70
Foreign private corporate securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	3,442	1,466
Less Than Twelve Months, Gross Unrealized Losses	105	33
Twelve Months or More, Fair Value	3,311	5,666
Twelve Months or More, Gross Unrealized Losses	376	547
Total, Fair Value	6,753	7,132
Total, Gross Unrealized Losses	481	580
Asset-backed securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	5,145	3,979
Less Than Twelve Months, Gross Unrealized Losses	48	12
Twelve Months or More, Fair Value	4,742	4,433
Twelve Months or More, Gross Unrealized Losses	56	28
Total, Fair Value	9,887	8,412
Total, Gross Unrealized Losses	104	40
Commercial mortgage-backed securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	160	1,193
Less Than Twelve Months, Gross Unrealized Losses	4	10
Twelve Months or More, Fair Value	94	164
Twelve Months or More, Gross Unrealized Losses	2	4
Total, Fair Value	254	1,357
Total, Gross Unrealized Losses	6	14
Residential mortgage-backed securities
Debt Securities [Line Items]
Less Than Twelve Months, Fair Value	148	207
Less Than Twelve Months, Gross Unrealized Losses	1	1
Twelve Months or More, Fair Value	0	88
Twelve Months or More, Gross Unrealized Losses	0	1
Total, Fair Value	148	295
Total, Gross Unrealized Losses	$ 1	$ 2

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Schedule of Investments [Line Items]
Write-down on accrued investment income receivable	$ 3		$ 15
Fixed maturity securities purchased with credit deterioration			0
Commercial mortgage and other loans purchased with credit deterioration			0
Loans on non-accrual status recognized in interest income	2		2
Loans on non-accrual status, do not have allowance for credit losses			17
Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	1,618		1,618		$ 1,315
Gross unrealized losses of twelve months or more concentrated in various sectors	751		751		878
Corporate securities
Schedule of Investments [Line Items]
Gross unrealized losses of twelve months or more concentrated in various sectors	751		751		878
Other income | Equity securities
Schedule of Investments [Line Items]
Unrealized gains (losses) for assets still held:	324	$ 52	(332)	$ 632
Other income | Assets supporting experience-rated contractholder liabilities
Schedule of Investments [Line Items]
Unrealized gains (losses) for assets still held:	$ 255	$ 99	$ 397	$ 868
California
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	27.00%		27.00%
Texas
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	9.00%		9.00%
New York
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	8.00%		8.00%
Europe
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	7.00%		7.00%
Asia
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	2.00%		2.00%
Australia
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	1.00%		1.00%
NAIC Other Than High or Highest Quality Rating | Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	$ 648		$ 648		342
NAIC High or Highest Quality Rating | Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	$ 970		$ 970		$ 973

Investments Investments (Amorti

Investments Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Millions		Sep. 30, 2020		Dec. 31, 2019
Available-for-sale, Amortized Cost
Due in one year or less		$ 13,497
Due after one year through five years		50,428
Due after five years through ten years		66,321
Due after ten years		184,218
Amortized Cost		346,511		$ 346,574
Available-for-sale, Fair Value
Due in one year or less		14,096
Due after one year through five years		53,969
Due after five years through ten years		74,393
Due after ten years		224,767
Fair Value	[1]	400,816		391,096
Held-to-maturity, Amortized Cost
Due in one year or less		117
Due after one year through five years		0
Due after five years through ten years		600
Due after ten years		911
Amortized Cost	[1]	1,901	[2]	1,933
Held-to-maturity, Fair Value
Due in one year or less		118
Due after one year through five years		0
Due after five years through ten years		676
Due after ten years		1,176
Fair Value		2,264		2,302
Asset-backed securities
Available-for-sale, Amortized Cost
Debt Maturities, without single maturity date		14,070
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		14,134
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		15,096
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		16,349
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		2,881
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		3,108
Held-to-maturity, Amortized Cost
Debt Maturities, without single maturity date		273
Held-to-maturity, Fair Value
Debt Maturities, without single maturity date		294
Prudential Netting Agreement | U.S. private corporate securities
Available-for-sale, Fair Value
Fair Value		6,466		4,751
Fixed maturities
Available-for-sale, Amortized Cost
Amortized Cost		346,511		346,574
Available-for-sale, Fair Value
Fair Value		400,816		391,096
Held-to-maturity, Amortized Cost
Amortized Cost		1,910		1,933
Held-to-maturity, Fair Value
Fair Value		2,264		2,302
Fixed maturities | U.S. private corporate securities
Available-for-sale, Amortized Cost
Amortized Cost		35,846		34,410
Available-for-sale, Fair Value
Fair Value		39,211		36,533
Fixed maturities | Asset-backed securities
Available-for-sale, Amortized Cost
Amortized Cost		14,070		13,067
Available-for-sale, Fair Value
Fair Value		14,134		13,174
Fixed maturities | Commercial mortgage-backed securities
Available-for-sale, Amortized Cost
Amortized Cost		15,096		14,978
Available-for-sale, Fair Value
Fair Value		16,349		15,574
Fixed maturities | Residential mortgage-backed securities
Available-for-sale, Amortized Cost
Amortized Cost		2,881		3,044
Available-for-sale, Fair Value
Fair Value		3,108		3,201
Held-to-maturity, Amortized Cost
Amortized Cost		273		310
Held-to-maturity, Fair Value
Fair Value		294		331
Fixed maturities | Prudential Netting Agreement
Held-to-maturity, Amortized Cost
Amortized Cost		4,998		4,998
Held-to-maturity, Fair Value
Fair Value		5,814		5,401
Fixed maturities | Prudential Netting Agreement | U.S. private corporate securities
Available-for-sale, Amortized Cost
Amortized Cost		6,466		4,751
Available-for-sale, Fair Value
Fair Value		$ 6,594		$ 4,757
[1]	See Note 4 for details of balances associated with variable interest entities.
[2]	September 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.

Investments (Fixed Maturity Pro

Investments (Fixed Maturity Proceeds) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Debt Securities [Line Items]
Proceeds from maturities/prepayments - AFS			$ 31,989	$ 38,356
Proceeds from maturities/prepayments - HTM			76	84
Fixed maturities | Available-for-sale
Debt Securities [Line Items]
Proceeds from sales	$ 4,284	$ 7,190	14,654	24,011
Proceeds from maturities/prepayments - AFS	7,181	5,315	17,603	14,507
Gross investment gains from sales and maturities	578	565	1,451	1,276
Gross investment losses from sales and maturities	(129)	(62)	(339)	(345)
OTTI recognized in earnings		(143)		(242)
Write-down recognized in earnings	(134)		(289)
(Addition to) release of allowance for credit losses - AFS	86		(152)
Fixed maturities | Held-to-maturity
Debt Securities [Line Items]
Proceeds from maturities/prepayments - HTM	14	$ 47	77	84
(Addition to) release of allowance for credit Losses - HTM	$ 0		0
Fixed maturities | Available-for-sale
Debt Securities [Line Items]
Noncash or Part Noncash Divestiture, Amount of Consideration Received			268	162
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) - Fixed maturities - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Available-for-sale
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	$ 238	$ 0
Additions to allowance for credit losses not previously recorded	34	278
Reductions for securities sold during the period	(8)	(36)
Additions (reductions) on securities with previous allowance	(9)	13
Write-downs charged against the allowance	(103)	(103)
Balance, ending of period	152	152
Available-for-sale | U.S. Treasury securities and obligations of U.S. government authorities and agencies
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Additions (reductions) on securities with previous allowance	0	0
Write-downs charged against the allowance	0	0
Balance, ending of period	0	0
Available-for-sale | Foreign government bonds
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	38	0
Additions to allowance for credit losses not previously recorded	1	39
Reductions for securities sold during the period	0	0
Additions (reductions) on securities with previous allowance	0	0
Write-downs charged against the allowance	(38)	(38)
Balance, ending of period	1	1
Available-for-sale | U.S. and Foreign Corporate Securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	199	0
Additions to allowance for credit losses not previously recorded	33	238
Reductions for securities sold during the period	(8)	(36)
Additions (reductions) on securities with previous allowance	(12)	10
Write-downs charged against the allowance	(65)	(65)
Balance, ending of period	147	147
Available-for-sale | Asset-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Additions (reductions) on securities with previous allowance	0	0
Write-downs charged against the allowance	0	0
Balance, ending of period	0	0
Available-for-sale | Commercial mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	1	0
Additions to allowance for credit losses not previously recorded	0	1
Reductions for securities sold during the period	0	0
Additions (reductions) on securities with previous allowance	3	3
Write-downs charged against the allowance	0	0
Balance, ending of period	4	4
Available-for-sale | Residential mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Additions (reductions) on securities with previous allowance	0	0
Write-downs charged against the allowance	0	0
Balance, ending of period	0	0
Held-to-maturity
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	9	0
Cumulative effect of adoption of ASU 2016-13		9
Balance, ending of period	9	9
Held-to-maturity | U.S. Treasury securities and obligations of U.S. government authorities and agencies
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0
Cumulative effect of adoption of ASU 2016-13		0
Balance, ending of period	0	0
Held-to-maturity | Foreign government bonds
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0
Cumulative effect of adoption of ASU 2016-13		0
Balance, ending of period	0	0
Held-to-maturity | U.S. and Foreign Corporate Securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	9	0
Cumulative effect of adoption of ASU 2016-13		9
Balance, ending of period	9	9
Held-to-maturity | Asset-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0
Cumulative effect of adoption of ASU 2016-13		0
Balance, ending of period	0	0
Held-to-maturity | Commercial mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0
Cumulative effect of adoption of ASU 2016-13		0
Balance, ending of period	0	0
Held-to-maturity | Residential mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0
Cumulative effect of adoption of ASU 2016-13		0
Balance, ending of period	$ 0	$ 0

Investments (Assets Supporting

Investments (Assets Supporting Experience-Rated Contractholder Liabilities) (Details) - USD ($) $ in Millions		Sep. 30, 2020	Dec. 31, 2019
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		$ 22,613	$ 20,646
Assets supporting experience-rated contractholder liabilities, at fair value	[1]	23,961	21,597
Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		19,907	18,904
Assets supporting experience-rated contractholder liabilities, at fair value		21,033	19,530
Equity securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		1,603	1,465
Assets supporting experience-rated contractholder liabilities, at fair value		1,825	1,790
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		1,103	277
Assets supporting experience-rated contractholder liabilities, at fair value		1,103	277
Corporate securities | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		14,060	13,143
Assets supporting experience-rated contractholder liabilities, at fair value		14,909	13,603
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		1,845	1,845
Assets supporting experience-rated contractholder liabilities, at fair value		1,946	1,896
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		1,064	1,134
Assets supporting experience-rated contractholder liabilities, at fair value		1,126	1,158
Asset-backed securities | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		1,691	1,639
Assets supporting experience-rated contractholder liabilities, at fair value		1,716	1,662
Foreign government bonds | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost		889	802
Assets supporting experience-rated contractholder liabilities, at fair value		898	814
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		358	341
Assets supporting experience-rated contractholder liabilities, at fair value		$ 438	$ 397
Public Securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost percentage		79.00%	77.00%
Collateralized loan obligations
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at fair value		$ 1,133	$ 1,060
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%	94.00%
[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, 2020	Dec. 31, 2019
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	$ 79,491	$ 75,663
Concentrations of credit risk at fair value	92,483	91,376
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	41	10,838
Concentrations of credit risk at fair value	50	13,338
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	826	653
Concentrations of credit risk at fair value	831	664
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	16
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	77,749	74,118
Concentrations of credit risk at fair value	90,480	89,546
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	26	10,823
Concentrations of credit risk at fair value	34	13,322
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	892	869
Concentrations of credit risk at fair value	1,148	1,143
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	24	23
Concentrations of credit risk at fair value	$ 24	$ 23

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 63,834	$ 62,835
Other loans	942	845
Total commercial mortgage and other loans	$ 64,541	$ 63,559
% of Total	100.00%	100.00%
Net carrying value of commercial loans held for sale	$ 915	$ 228
Commercial Mortgage Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 59,819	$ 59,363
% of Total	93.70%	94.50%
Commercial mortgage and agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Allowance for credit losses	$ (227)	$ (117)
Total net loans	63,607	62,718
Uncollateralized loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	723	656
Residential property loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	104	124
Other Collateralized Loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	115	65
Other loans
Commercial Mortgage and Other Loans [Line Items]
Total net loans	934	841
Allowance for credit losses, Other loans	(8)	(4)
Office
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 12,677	$ 13,462
% of Total	19.90%	21.40%
Retail
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 7,677	$ 8,379
% of Total	12.00%	13.30%
Apartments/Multi-Family
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 18,385	$ 17,348
% of Total	28.80%	27.60%
Industrial
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 13,639	$ 13,226
% of Total	21.40%	21.10%
Hospitality
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 2,390	$ 2,415
% of Total	3.70%	3.90%
Other
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 5,051	$ 4,533
% of Total	7.90%	7.20%
Agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 4,015	$ 3,472
% of Total	6.30%	5.50%

Investments (Allowance for Cred

Investments (Allowance for Credit Losses) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	$ 245	$ 121
Cumulative effect of adoption of ASU 2016-13		115
Addition to (release of) allowance for expected losses	(3)	3
Write-downs charged against the allowance	(7)	(7)
Other	0	3
Total ending balance	235	235
Commercial Mortgage Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	230	114
Cumulative effect of adoption of ASU 2016-13		110
Addition to (release of) allowance for expected losses	(5)	1
Write-downs charged against the allowance	(7)	(7)
Other	0	0
Total ending balance	218	218
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	8	3
Cumulative effect of adoption of ASU 2016-13		5
Addition to (release of) allowance for expected losses	1	1
Write-downs charged against the allowance	0	0
Other	0	0
Total ending balance	9	9
Residential Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	0	0
Cumulative effect of adoption of ASU 2016-13		0
Addition to (release of) allowance for expected losses	0	0
Write-downs charged against the allowance	0	0
Other	0	0
Total ending balance	0	0
Other Collateralized Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	3	0
Cumulative effect of adoption of ASU 2016-13		0
Addition to (release of) allowance for expected losses	0	0
Write-downs charged against the allowance	0	0
Other	0	3
Total ending balance	3	3
Uncollateralized Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	4	4
Cumulative effect of adoption of ASU 2016-13		0
Addition to (release of) allowance for expected losses	1	1
Write-downs charged against the allowance	0	0
Other	0	0
Total ending balance	$ 5	$ 5

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
2020	$ 3,874
2019	10,124
2018	9,072
2017	7,250
2016	6,819
Prior	22,680
Revolving Loans	0
Recording investment gross of allowance for credit losses	59,819	$ 59,363
Commercial Mortgage Loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
2020	3,759
2019	9,490
2018	8,590
2017	7,009
2016	6,525
Prior	21,045
Revolving Loans	0
Recording investment gross of allowance for credit losses	56,418	56,346
Commercial Mortgage Loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
2020	114
2019	518
2018	453
2017	241
2016	286
Prior	1,499
Revolving Loans	0
Recording investment gross of allowance for credit losses	3,111	2,708
Commercial Mortgage Loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
2020	1
2019	116
2018	29
2017	0
2016	8
Prior	136
Revolving Loans	0
Recording investment gross of allowance for credit losses	290	309
Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
2020	811
2019	554
2018	399
2017	534
2016	397
Prior	1,320
Revolving Loans	0
Recording investment gross of allowance for credit losses	4,015	3,472
Agricultural property loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
2020	801
2019	553
2018	398
2017	471
2016	377
Prior	1,303
Revolving Loans	0
Recording investment gross of allowance for credit losses	3,903	3,401
Agricultural property loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
2020	10
2019	0
2018	1
2017	59
2016	5
Prior	5
Revolving Loans	0
Recording investment gross of allowance for credit losses	80	57
Agricultural property loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	1
2018	0
2017	4
2016	15
Prior	12
Revolving Loans	0
Recording investment gross of allowance for credit losses	32	14
0%-59.99% | Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
2020	650
2019	2,824
2018	3,105
2017	3,309
2016	3,381
Prior	17,616
Revolving Loans	0
Recording investment gross of allowance for credit losses	30,885	31,945
0%-59.99% | Commercial Mortgage Loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		31,027
0%-59.99% | Commercial Mortgage Loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		701
0%-59.99% | Commercial Mortgage Loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		217
0%-59.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
2020	724
2019	482
2018	360
2017	531
2016	397
Prior	1,320
Revolving Loans	0
Recording investment gross of allowance for credit losses	3,814	3,360
0%-59.99% | Agricultural property loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		3,289
0%-59.99% | Agricultural property loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		57
0%-59.99% | Agricultural property loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		14
60%-69.99% | Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
2020	1,480
2019	4,152
2018	3,437
2017	2,913
2016	2,801
Prior	4,282
Revolving Loans	0
Recording investment gross of allowance for credit losses	19,065	18,277
60%-69.99% | Commercial Mortgage Loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		17,090
60%-69.99% | Commercial Mortgage Loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		1,145
60%-69.99% | Commercial Mortgage Loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		42
60%-69.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
2020	87
2019	72
2018	39
2017	3
2016	0
Prior	0
Revolving Loans	0
Recording investment gross of allowance for credit losses	201	112
60%-69.99% | Agricultural property loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		112
60%-69.99% | Agricultural property loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		0
60%-69.99% | Agricultural property loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		0
70%-79.99% | Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
2020	1,744
2019	3,138
2018	2,530
2017	1,010
2016	613
Prior	654
Revolving Loans	0
Recording investment gross of allowance for credit losses	9,689	8,767
70%-79.99% | Commercial Mortgage Loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		8,020
70%-79.99% | Commercial Mortgage Loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		719
70%-79.99% | Commercial Mortgage Loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		28
70%-79.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
Prior	0
Revolving Loans	0
Recording investment gross of allowance for credit losses	0	0
70%-79.99% | Agricultural property loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		0
70%-79.99% | Agricultural property loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		0
70%-79.99% | Agricultural property loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		0
80% or greater | Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	10
2018	0
2017	18
2016	24
Prior	128
Revolving Loans	0
Recording investment gross of allowance for credit losses	180	374
80% or greater | Commercial Mortgage Loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		209
80% or greater | Commercial Mortgage Loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		143
80% or greater | Commercial Mortgage Loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		22
80% or greater | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
Prior	0
Revolving Loans	0
Recording investment gross of allowance for credit losses	$ 0	0
80% or greater | Agricultural property loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		0
80% or greater | Agricultural property loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		0
80% or greater | Agricultural property loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses		$ 0

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Current	$ 64,748	$ 63,663
Total Past Due	28	17
Total Loans	64,776	63,680
Non-Accrual Status	43	59
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1	2
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	24	0
90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Past Due	3	15
Commercial Mortgage Loans
Financing Receivable, Past Due [Line Items]
Current	59,794	59,363
Total Past Due	25	0
Total Loans	59,819	59,363
Non-Accrual Status	27	44
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	24	0
Commercial Mortgage Loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total Past Due	1	0
Agricultural property loans
Financing Receivable, Past Due [Line Items]
Current	4,014	3,458
Total Past Due	1	14
Total Loans	4,015	3,472
Non-Accrual Status	15	13
Agricultural property loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	1
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	1	13
Residential Property Loans
Financing Receivable, Past Due [Line Items]
Current	102	121
Total Past Due	2	3
Total Loans	104	124
Non-Accrual Status	1	2
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	0	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	115	65
Total Past Due	0	0
Total Loans	115	65
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	723	656
Total Past Due	0	0
Total Loans	723	656
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, 2020		Dec. 31, 2019
Other Invested Assets [Line Items]
Other invested assets	[1]	$ 16,921	[2]	$ 15,606
LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		11,858		11,157
Real estate held through direct ownership
Other Invested Assets [Line Items]
Other invested assets		2,517		2,388
Derivative instruments
Other Invested Assets [Line Items]
Other invested assets		1,201		877
Other
Other Invested Assets [Line Items]
Other invested assets		1,345		1,184
Mortgage Debt | Real estate-related
Other Invested Assets [Line Items]
Other invested assets		436		537
Equity method | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		7,881		6,944
Equity method | Private equity | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		4,139		3,625
Equity method | Hedge funds | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		2,333		1,947
Equity method | Real estate-related | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		1,409		1,372
Fair Value
Other Invested Assets [Line Items]
Other invested assets		177		36
Fair Value | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		3,977		4,213
Fair Value | Private equity | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		1,679		1,705
Fair Value | Hedge funds | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		1,965		2,172
Fair Value | Real estate-related | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		$ 333		$ 336
[1]	See Note 4 for details of balances associated with variable interest entities.
[2]	September 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.

Investments (Accrued Investment

Investments (Accrued Investment Income) (Details) - USD ($) $ in Millions		Sep. 30, 2020	Dec. 31, 2019
Net Investment Income [Line Items]
Accrued investment income	[1]	$ 3,129	$ 3,330
Fixed maturities
Net Investment Income [Line Items]
Accrued investment income		2,586
Equity securities
Net Investment Income [Line Items]
Accrued investment income		17
Commercial mortgage and other loans
Net Investment Income [Line Items]
Accrued investment income		203
Policy loans
Net Investment Income [Line Items]
Accrued investment income		289
Other invested assets
Net Investment Income [Line Items]
Accrued investment income		28
Short-term investments and cash equivalents
Net Investment Income [Line Items]
Accrued investment income		$ 6
[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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 4,619	$ 4,685	$ 13,405	$ 13,797
Less: investment expenses	(173)	(247)	(571)	(753)
Net investment income	4,446	4,438	12,834	13,044
Assets supporting experience-rated contractholder liabilities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	179	191	527	558
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	36	38	119	119
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	608	636	1,866	1,863
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	147	160	450	463
Other invested assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	415	251	693	727
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	30	123	182	356
Available-for-sale | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	3,113	3,191	9,292	9,429
Held-to-maturity | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	59	58	176	173
Trading | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 32	$ 37	$ 100	$ 109

Investments (Realized Investmen

Investments (Realized Investment Gains Losses, Net) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	$ (79)	$ 853	$ (2,164)	$ (249)
Fixed maturities
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	401	360	671	689
Commercial mortgage and other loans
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	41	20	65	34
Investment real estate
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	5	38	15	38
LPs/LLCs
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	8	2	2	(1)
Derivatives
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(537)	433	(2,926)	(1,010)
Other
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	$ 3	$ 0	$ 9	$ 1

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	$ 55,844	$ 45,339
Fixed maturities | Available-for-sale | OTTI
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments		243
Fixed maturities | Available-for-sale | All Other
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments		44,279
Fixed maturities | Available-for-sale | With an allowance
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(23)
Fixed maturities | Available-for-sale | Without an allowance
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	54,480
Derivatives designated as cash flow hedges
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	1,407	832
Other investments
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(20)	$ (15)
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, 2020	Dec. 31, 2019
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	$ 10,874	$ 9,681
Total cash collateral for loaned securities	3,071	4,213
Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	10,321	9,681
Total cash collateral for loaned securities	3,071	4,213
Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	553	0
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	10,497	9,431
Total cash collateral for loaned securities	0	9
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	9,944	9,431
Total cash collateral for loaned securities	0	9
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	553	0
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	108	33
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	108	33
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	353	244
Foreign government bonds | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	353	244
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 cash collateral for loaned securities	2,161	2,996
U.S. public corporate securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	2,161	2,996
U.S. 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
Foreign public corporate securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	425	762
Foreign public corporate securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	425	762
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
Commercial mortgage-backed securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	2
Commercial mortgage-backed securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	2
Commercial mortgage-backed 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	377	250
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	377	250
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	24	167
Equity securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	24	167
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
		Sep. 30, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		$ 911,589	$ 896,552
Total liabilities of consolidated VIEs		844,699	832,833
Consolidated VIEs for Which the Company is the Investment Manager
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		5,365	5,048
Total liabilities of consolidated VIEs		1,533	1,578
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		44	47
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		976	883
Consolidated VIEs for Which the Company is the Investment Manager | Other
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		2,502	2,199
Consolidated VIEs for Which the Company is the Investment Manager | Cash and cash equivalents
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		140	166
Consolidated VIEs for Which the Company is the Investment Manager | Accrued investment income
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		6	4
Consolidated VIEs for Which the Company is the Investment Manager | Other assets
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		424	450
Consolidated VIEs for Which the Company is the Investment Manager | Other liabilities
Variable Interest Entity [Line Items]
Total liabilities of consolidated VIEs		291	304
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]	1,242	1,274
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	104
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		85	83
Consolidated VIEs for Which the Company is the Investment Manager | Trading | Fixed maturities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		1,081	1,112
Consolidated VIEs for Which the Company is the Investment Manager | ASU 2015-02, Wholly-owned by consolidated subsidiaries
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		$ 2,892	2,668
Consolidated VIEs for Which the Company is the Investment Manager | Minimum | Notes Issued by Consolidated VIEs
Variable Interest Entity [Line Items]
VIEs Liabilities, maturities obligations (greater than)		3 years
Consolidated VIEs for Which the Company is the Investment Manager | Maximum | Notes Issued by Consolidated VIEs
Variable Interest Entity [Line Items]
VIEs Liabilities, maturities obligations (greater than)		9 years
Other Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		$ 1,999	1,910
Total liabilities of consolidated VIEs		11	13
Other Consolidated VIEs | Assets supporting experience-rated contractholder liabilities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		1	4
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		152	89
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		689	689
Other Consolidated VIEs | Other liabilities
Variable Interest Entity [Line Items]
Total liabilities of consolidated VIEs		11	13
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		290	285
Other Consolidated VIEs | Held-to-maturity | Fixed maturities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		863	839
Other Consolidated VIEs | Trading | Fixed maturities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs		$ 0	$ 0
[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, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Total liabilities	$ 844,699,000,000	$ 832,833,000,000
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Total liabilities	0
Unconsolidated VIEs | Fixed maturities, available-for-sale, Fixed maturities, trading, Equity securities and Other invested assets
Variable Interest Entity [Line Items]
Maximum exposure to loss on these investments	1,098,000,000	1,021,000,000
VIEs and Non-VIEs | LPs/LLCs | Other invested assets
Variable Interest Entity [Line Items]
Maximum exposure to loss on these investments	$ 11,858,000,000	$ 11,157,000,000

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Asset	$ 1,190		$ 1,190		$ 867
Total derivative liabilities	573		573		831
Anticipated pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to earnings			$ 271
Maximum Length of Time Hedged in Cash Flow Hedge			10 years
Net Investment Hedges income (loss) before taxes	(160)	$ 9	$ (150)	$ 12
Non-derivative Net Investment Hedges income (loss) before taxes	(17)	$ 0	(17)	$ 0
Credit Derivatives [Line Items]
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	8		8		21
Credit Derivative Protection Purchased Notional Amount	440		440		6
Single Name Credit Default Swaps
Credit Derivatives [Line Items]
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0		$ 0		1
Credit Default Swaps Referencing Indices
Credit Derivatives [Line Items]
Credit Derivatives Written Max Length Of Maturities (less than)			27 years
Credit Default Swap, Buying Protection
Credit Derivatives [Line Items]
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	$ (21)		$ (21)		$ 0

Derivative Instruments (Gross N

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 27,422	$ 14,386
Derivative Liability, Fair Value, Gross Liability	(12,763)	(7,536)
Derivative, Notional Amount	428,742	379,860
Net Embedded Derivative Liability	(24,153)	(14,035)
Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	3,213	2,121
Derivative Liability, Fair Value, Gross Liability	(396)	(433)
Derivative, Notional Amount	27,429	27,669
Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	1,128	628
Derivative Liability, Fair Value, Gross Liability	(100)	(73)
Derivative, Notional Amount	3,101	3,257
Designated as Hedging Instrument | Interest Rate Forward
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	11	4
Derivative Liability, Fair Value, Gross Liability	(2)	(1)
Derivative, Notional Amount	249	205
Designated as Hedging Instrument | Foreign Exchange Forward
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	51	22
Derivative Liability, Fair Value, Gross Liability	(48)	(57)
Derivative, Notional Amount	2,194	1,461
Designated as Hedging Instrument | Currency Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	2,023	1,467
Derivative Liability, Fair Value, Gross Liability	(246)	(302)
Derivative, Notional Amount	21,885	22,746
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	24,209	12,265
Derivative Liability, Fair Value, Gross Liability	(12,367)	(7,103)
Derivative, Notional Amount	401,313	352,191
Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	20,256	10,249
Derivative Liability, Fair Value, Gross Liability	(10,295)	(4,861)
Derivative, Notional Amount	151,469	141,162
Not Designated as Hedging Instrument | Interest Rate Forward
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	22	18
Derivative Liability, Fair Value, Gross Liability	0	(3)
Derivative, Notional Amount	3,077	2,218
Not Designated as Hedging Instrument | Foreign Exchange Forward
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	746	208
Derivative Liability, Fair Value, Gross Liability	(517)	(214)
Derivative, Notional Amount	36,539	26,604
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	0
Not Designated as Hedging Instrument | Currency Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	814	740
Derivative Liability, Fair Value, Gross Liability	(355)	(345)
Derivative, Notional Amount	14,164	13,874
Not Designated as Hedging Instrument | Interest Rate Future
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	12	4
Derivative Liability, Fair Value, Gross Liability	(77)	(38)
Derivative, Notional Amount	16,651	17,095
Not Designated as Hedging Instrument | Interest Rate Option
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	1,353	339
Derivative Liability, Fair Value, Gross Liability	(257)	(238)
Derivative, Notional Amount	13,418	16,496
Not Designated as Hedging Instrument | Credit Default Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	10	21
Derivative Liability, Fair Value, Gross Liability	(23)	0
Derivative, Notional Amount	1,667	798
Not Designated as Hedging Instrument | Equity Future
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	7	0
Derivative Liability, Fair Value, Gross Liability	(31)	(3)
Derivative, Notional Amount	7,742	1,802
Not Designated as Hedging Instrument | Equity Option
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	854	679
Derivative Liability, Fair Value, Gross Liability	(403)	(765)
Derivative, Notional Amount	46,829	32,657
Not Designated as Hedging Instrument | Total Return Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	134	6
Derivative Liability, Fair Value, Gross Liability	(409)	(636)
Derivative, Notional Amount	24,407	18,218
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	1,262	1,258
Not Designated as Hedging Instrument | Synthetic Gics
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	1	1
Derivative Liability, Fair Value, Gross Liability	0	0
Derivative, Notional Amount	$ 84,088	$ 80,009

Derivative Instruments (Hedged

Derivative Instruments (Hedged Item Offset By Derivatives Achieving Fair Value Hedge Accounting) (Details) - USD ($) $ in Millions		Sep. 30, 2020		Dec. 31, 2019
Derivative [Line Items]
Fixed maturities, available-for-sale	[1]	$ 400,816		$ 391,096
Commercial mortgage and other loans	[1]	64,541	[2]	63,559
Policyholders’ account balances		(159,346)		(152,110)
Future policy benefits		(303,733)		(293,527)
Carrying Amount of the Hedged Assets (Liabilities)
Derivative [Line Items]
Fixed maturities, available-for-sale		402		389
Commercial mortgage and other loans		21		23
Policyholders’ account balances		(1,686)		(1,376)
Future policy benefits		(1,248)		(676)
Cumulative Adjustment Included in Carrying Amount
Derivative [Line Items]
Fixed maturities, available-for-sale		86		64
Commercial mortgage and other loans		2		2
Policyholders’ account balances		(376)		(107)
Future policy benefits		$ (410)		$ (172)
[1]	See Note 4 for details of balances associated with variable interest entities.
[2]	September 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Derivative Assets
Gross Amounts of Recognized Financial Instruments	$ 27,270	$ 14,303
Gross Amounts Offset in the Statements of Financial Position	(26,232)	(13,519)
Net Amounts Presented in the Statements of Financial Position	1,038	784
Financial Instruments/Collateral	(569)	(607)
Net Amount	469	177
Securities purchased under agreement to resell
Gross Amounts of Recognized Financial Instruments	641	1,012
Gross Amounts Offset in the Statements of Financial Position	0	0
Net Amounts Presented in the Statements of Financial Position	641	1,012
Financial Instruments/Collateral	(641)	(1,012)
Net Amount	0	0
Total assets
Gross Amounts of Recognized Financial Instruments	27,911	15,315
Gross Amounts Offset in the Statements of Financial Position	(26,232)	(13,519)
Net Amounts Presented in the Statements of Financial Position	1,679	1,796
Financial Instruments/Collateral	(1,210)	(1,619)
Net Amount	469	177
Derivative Liabilities
Gross Amounts of Recognized Financial Instruments	12,757	7,528
Gross Amounts Offset in the Statements of Financial Position	(12,190)	(6,705)
Net Amounts Presented in the Statements of Financial Position	567	823
Financial Instruments/Collateral	(140)	(244)
Net Amount	427	579
Securities sold under agreement to repurchase
Gross Amounts of Recognized Financial Instruments	10,874	9,681
Gross Amounts Offset in the Statements of Financial Position	0	0
Net Amounts Presented in the Statements of Financial Position	10,874	9,681
Financial Instruments/Collateral	(10,874)	(9,681)
Net Amount	0	0
Total liabilities
Gross Amounts of Recognized Financial Instruments	23,631	17,209
Gross Amounts Offset in the Statements of Financial Position	(12,190)	(6,705)
Net Amounts Presented in the Statements of Financial Position	11,441	10,504
Financial Instruments/Collateral	(11,014)	(9,925)
Net Amount	$ 427	$ 579

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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ (538)	$ 438	$ (2,925)	$ (1,006)
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	(604)	322	(3,070)	(1,160)
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	80	75	247	221
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	(69)	147	119	141
Other Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)	7	(6)	6
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
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	14	(1)	26	3
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	10	(1)	19	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	0	0
AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1,232)	576	441	776
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	4	(9)	(23)	(22)
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)	(6)	(5)
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	(35)	115	295	283
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	(22)	102	259	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	(6)	9	22	20
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	(2)	0	(1)	(2)
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	4	6	14	18
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	2	4	8	13
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	49	(116)	(269)	(280)
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	14	(1)	26	3
Fair Value Hedged Item | Policyholder Benefts
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	33	(103)	(239)	(222)
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	10	(1)	19	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	2	0	(1)	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	74	116	152	156
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	78	71	239	208
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	(210)	140	(17)	135
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
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	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	(1,091)	567	575	764
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	(6)	0	(6)	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	142	0	142	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	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	(143)	9	(133)	12
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	(1,163)	3,356	7,829	7,090
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	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	5	(10)	(24)	(24)
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)	(6)	(5)
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	(35)	115	295	283
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	(37)	102	242	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	(6)	10	23	21
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	4	5	13	16
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	49	(116)	(269)	(280)
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	48	(103)	(222)	(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	19	56	27	55
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	0	1	0	1
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	0
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	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	(15)	(38)	29	(16)
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	(44)	158	186	242
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	2	5	(5)	4
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	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	1	2
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	15	0	17	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	0	(1)	(1)	(1)
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	0	1	1	2
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	(15)	0	(17)	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 | Amortization of Gain(loss) excluded from assessment of effectiveness | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Interest Credited To Policyholders’ Account Balances
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0		0
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | Policyholder Benefts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)		(1)
Currency | Amortization of Gain(loss) excluded from assessment of effectiveness | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	2		(1)
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	0	3	4	5
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	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	(65)	4	27	9
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	(6)	0	(6)	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	142	0	142	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	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	(143)	9	(133)	12
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	(394)	364	337	568
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	(3)	2	(1)	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	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	55	57	121	96
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	78	70	239	207
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	(210)	140	(17)	135
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	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	(1,011)	601	519	771
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	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	(15)	4	(56)	107
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	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	(2,243)	(133)	(2,028)	(2,560)
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	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	1	0	1	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	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	3,254	(3,427)	(9,339)	(6,607)
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	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) - Cash flow hedges in AOCI $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Balance, beginning	$ 832
Amount recorded in AOCI	949
Amount reclassified from AOCI to income	(374)
Balance, ending	1,407
Interest Rate
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount recorded in AOCI	56
Amount reclassified from AOCI to income	(27)
Currency
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount recorded in AOCI	31
Amount reclassified from AOCI to income	(4)
Currency/Interest Rate
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount recorded in AOCI	862
Amount reclassified from AOCI to income	$ (343)

Derivative Instruments Derivati

Derivative Instruments Derivative Instruments (Credit Derivatives) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	$ 1,227	$ 792
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	8	21
Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	100
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	1
Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	1,227	692
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	8	20
NAIC 1
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	50	86
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 1 | Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	36
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 1 | Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	50	50
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 2
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	60
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	1
NAIC 2 | Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	60
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	1
NAIC 2 | Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 3
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	577	574
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	6	13
NAIC 3 | Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	4
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 3 | Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	577	570
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	6	13
NAIC 4
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	600	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	2	0
NAIC 4 | Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 4 | Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	600	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	2	0
NAIC 5
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 5 | Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 5 | Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 6
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	72
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	7
NAIC 6 | Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	0
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	0	0
NAIC 6 | Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	72
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)	$ 0	$ 7

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, 2020		Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	[1]	$ 400,816		$ 391,096
Assets supporting experience-rated contractholder liabilities	[1]	23,961		21,597
Fixed maturities, trading	[1]	4,371		3,884
Equity securities	[1]	7,025		7,522
Commercial mortgage and other loans	[1]	64,541	[2]	63,559
Other invested assets	[1]	16,921	[2]	15,606
Short-term investments		10,015		5,467
Other assets	[1]	21,536	[2]	20,832
Separate account assets		305,483		312,281
TOTAL ASSETS		911,589		896,552
Future policy benefits		303,733		293,527
Other liabilities	[1]	18,579	[2]	20,802
Total liabilities		844,699		832,833
Netting		(26,232)		(13,519)
Embedded Derivative, Fair Value of Embedded Derivative, Net Liability		24,153		14,035
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		23,300		12,800
Embedded Derivative, Fair Value Of Embedded Derivative Gross Asset		300		700
Embedded Derivative, Fair Value Of Embedded Derivative Gross Liability		23,700		13,500
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		400,816		391,096
Assets supporting experience-rated contractholder liabilities		23,930		21,581
Fixed maturities, trading		4,371		3,884
Equity securities		6,888		7,385
Commercial mortgage and other loans		915		228
Other invested assets		1,972		1,433
Short-term investments		8,140		3,936
Cash equivalents		12,085		9,006
Other assets		332		113
Separate account assets		282,444		288,724
TOTAL ASSETS		741,893		727,386
Future policy benefits		23,340		12,831
Policyholders' account balances		1,549		1,316
Other liabilities		171		936
Notes issued by consolidated VIEs		775		800
Total liabilities		25,835		15,883
Assets Netting		(26,232)		(13,519)
Liabilities Netting		(12,190)		(6,705)
Netting		(14,042)		(6,814)
Fair Value, Measurements, Recurring | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Netting		(26,232)		(13,519)
Fair Value, Measurements, Recurring | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities Netting		(12,190)		(6,705)
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		42,112		35,659
Assets supporting experience-rated contractholder liabilities		209		185
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		12,603		11,497
Assets supporting experience-rated contractholder liabilities		229		212
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		107,036		119,054
Assets supporting experience-rated contractholder liabilities		898		814
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		108,729		98,339
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		39,211		36,533
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		28,330		29,825
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		29,204		28,240
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		14,909		13,603
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		14,134		13,174
Assets supporting experience-rated contractholder liabilities		1,716		1,662
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		16,349		15,574
Assets supporting experience-rated contractholder liabilities		1,946		1,896
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		3,108		3,201
Assets supporting experience-rated contractholder liabilities		1,126		1,158
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		1,825		1,790
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		1,072		261
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		1,662		1,505
Fixed maturities, trading		0		0
Equity securities		5,118		5,813
Commercial mortgage and other loans		0		0
Other invested assets		115		6
Short-term investments		1,124		1,806
Cash equivalents		3,686		2,079
Other assets		0		0
Separate account assets		46,517		46,574
TOTAL ASSETS		58,222		57,783
Future policy benefits		0		0
Policyholders' account balances		0		0
Other liabilities		110		41
Notes issued by consolidated VIEs		0		0
Total liabilities		110		41
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		1,582		1,505
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		80		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		395,001		386,781
Assets supporting experience-rated contractholder liabilities		21,448		19,346
Fixed maturities, trading		4,131		3,597
Equity securities		1,097		939
Commercial mortgage and other loans		915		228
Other invested assets		27,307		14,379
Short-term investments		6,833		1,975
Cash equivalents		8,398		6,796
Other assets		0		0
Separate account assets		234,126		240,433
TOTAL ASSETS		699,256		674,474
Future policy benefits		0		0
Policyholders' account balances		0		0
Other liabilities		12,251		7,495
Notes issued by consolidated VIEs		0		0
Total liabilities		12,251		7,495
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		41,980		35,554
Assets supporting experience-rated contractholder liabilities		209		185
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		12,599		11,493
Assets supporting experience-rated contractholder liabilities		229		212
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		107,026		119,032
Assets supporting experience-rated contractholder liabilities		876		790
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		108,346		97,959
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		37,245		34,749
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		28,170		29,756
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		26,610		27,237
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		14,331		12,966
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		13,593		12,238
Assets supporting experience-rated contractholder liabilities		1,607		1,593
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		16,335		15,574
Assets supporting experience-rated contractholder liabilities		1,945		1,896
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		3,097		3,189
Assets supporting experience-rated contractholder liabilities		1,126		1,158
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		243		285
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		882		261
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		5,815		4,315
Assets supporting experience-rated contractholder liabilities		820		730
Fixed maturities, trading		240		287
Equity securities		673		633
Commercial mortgage and other loans		0		0
Other invested assets		782		567
Short-term investments		183		155
Cash equivalents		1		131
Other assets		332		113
Separate account assets		1,801		1,717
TOTAL ASSETS		10,647		8,648
Future policy benefits		23,340		12,831
Policyholders' account balances		1,549		1,316
Other liabilities		0		105
Notes issued by consolidated VIEs		775		800
Total liabilities		25,664		15,052
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		132		105
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		4
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		10		22
Assets supporting experience-rated contractholder liabilities		22		24
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		383		380
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		1,966		1,784
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		160		69
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		2,594		1,003
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		578		637
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		541		936
Assets supporting experience-rated contractholder liabilities		109		69
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		14		0
Assets supporting experience-rated contractholder liabilities		1		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		11		12
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		0		0
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		110		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		6,466		4,751
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		6,594		4,757
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		3,977		4,213
Separate account assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		$ 23,039		$ 23,557
[1]	See Note 4 for details of balances associated with variable interest entities.
[2]	September 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.

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, 2020	Dec. 31, 2019
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 303,733	$ 293,527
Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	23,340	12,831
Policyholders' account balances	$ 1,549	1,316
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	$ 23,340	12,831
Policyholders' account balances	$ 1,549	$ 1,316
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	0.09%	0.10%
Utilization rate	39.00%	43.00%
Withdrawal rate (greater than maximum range)	76.00%	78.00%
Mortality rate	0.00%	0.00%
Equity volatility curve	18.00%	13.00%
Level 3 | Internal | Minimum | Discounted cash flow | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1.00%	1.00%
Spread over LIBOR	0.09%	0.10%
Mortality rate	0.00%	0.00%
Equity volatility curve	6.00%	6.00%
Level 3 | Internal | Minimum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	0.50%	0.49%
Level 3 | Internal | Minimum | Discounted cash flow | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	0.50%	10.00%
Level 3 | Internal | Minimum | Discounted cash flow | Separate accounts commercial mortgage loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Spread	1.68%	1.11%
Level 3 | Internal | Minimum | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	6.5	5.7
Level 3 | Internal | Minimum | Market comparables | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	1	1
Level 3 | Internal | Minimum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	15.06%	14.25%
Level 3 | Internal | Minimum | Net asset value | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price	1	5
Level 3 | Internal | Maximum | Discounted cash flow | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	20.00%	18.00%
Spread over LIBOR	1.59%	1.23%
Utilization rate	96.00%	97.00%
Withdrawal rate (greater than maximum range)	100.00%	100.00%
Mortality rate	15.00%	15.00%
Equity volatility curve	26.00%	23.00%
Level 3 | Internal | Maximum | Discounted cash flow | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	42.00%	42.00%
Spread over LIBOR	1.59%	1.23%
Mortality rate	24.00%	24.00%
Equity volatility curve	38.00%	25.00%
Level 3 | Internal | Maximum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	30.00%	20.00%
Level 3 | Internal | Maximum | Discounted cash flow | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	20.00%	30.00%
Level 3 | Internal | Maximum | Discounted cash flow | Separate accounts commercial mortgage loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Spread	3.29%	1.85%
Level 3 | Internal | Maximum | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	15	9.2
Level 3 | Internal | Maximum | Market comparables | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	8.8	10.1
Level 3 | Internal | Maximum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	77.34%	83.61%
Level 3 | Internal | Maximum | Net asset value | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price	1,414	1,353
Level 3 | Internal | Weighted Average | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	5.03%	7.41%
Level 3 | Internal | Weighted Average | Discounted cash flow | Separate accounts commercial mortgage loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Spread	1.90%	1.26%
Level 3 | Internal | Weighted Average | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	9.1	7.3
Level 3 | Internal | Weighted Average | Market comparables | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	3.3	5.4
Level 3 | Internal | Weighted Average | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	53.84%	59.47%
Level 3 | Internal | Weighted Average | Net asset value | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price	509	451
Level 3 | Internal | Fair Value, Measurements, Recurring | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 23,340	$ 12,831
Level 3 | Internal | Fair Value, Measurements, Recurring | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Policyholders' account balances	1,549	1,316
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	3,491	1,424
Level 3 | Internal | Fair Value, Measurements, Recurring | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Equity securities	231	210
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	$ 797	$ 796

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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Equity securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	$ 594	$ 624	$ 633	$ 671
Purchases	15	27	43	73
Sales	(3)	(20)	(13)	(44)
Issuances	0	0	0	0
Settlements	(4)	(1)	(4)	(75)
Other	5	(2)	6	2
Transfers into Level 3	0	0	0	1
Transfers out of Level 3	(1)	0	(1)	(24)
Fair Value, end of period	673	643	673	643
Total gains (losses) (realized/unrealized):
Included in earnings	67	15	9	39
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	66	7	6	30
Equity securities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	3	0	3
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	67	12	9	36
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	66	7	6	30
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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	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	4	(8)	(25)	1
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	4	(8)	(22)	0
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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0		0
Assets supporting experience-rated contractholder liabilities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	2	3	2	6
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	24	26	24	225
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(2)	0	(2)	(3)
Other	0	0	0	(196)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	22	26	22	26
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 | Corporate securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	624	553	637	444
Purchases	1	103	5	144
Sales	0	0	(9)	0
Issuances	0	0	0	0
Settlements	(6)	(27)	(71)	(170)
Other	(22)	0	(22)	196
Transfers into Level 3	0	36	92	46
Transfers out of Level 3	(24)	0	(32)	(5)
Fair Value, end of period	578	660	578	660
Total gains (losses) (realized/unrealized):
Included in earnings	5	(5)	(22)	5
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	3	(8)	(25)	(2)
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	99	57	69	149
Purchases	19	22	174	28
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(9)	(4)	(19)	(29)
Other	0	0	0	0
Transfers into Level 3	1	0	1	0
Transfers out of Level 3	(1)	0	(114)	(74)
Fair Value, end of period	110	75	110	75
Total gains (losses) (realized/unrealized):
Included in earnings	1	0	(1)	1
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1	0	3	1
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	0	1	0	1
Purchases	0	0	0	0
Sales	0	0	0	(1)
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	0	1	0	1
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
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	7	1	0	0
Purchases	107	3	114	6
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(4)	(1)	(4)	(3)
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	110	3	110	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	658	436	567	263
Purchases	101	28	182	246
Sales	0	0	0	0
Issuances	1	0	5	0
Settlements	2	0	(2)	(42)
Other	9	0	15	(2)
Transfers into Level 3	8	0	8	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	782	464	782	464
Total gains (losses) (realized/unrealized):
Included in earnings	3	0	7	(1)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	4	0	9	(1)
Other invested assets | 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	1	(1)
Other invested assets | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	3	0	7	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	4	0	8	0
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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	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	44	288	155	89
Purchases	145	127	189	553
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(5)	(121)	(115)	(348)
Other	0	0	(47)	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	183	294	183	294
Total gains (losses) (realized/unrealized):
Included in earnings	(1)	0	1	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(1)	0	1	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	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	1	131	77
Purchases	0	0	0	1
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	(77)
Other	0	0	(130)	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	1	1	1	1
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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	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	377	98	113	25
Purchases	19	10	55	27
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	332	179	332	179
Total gains (losses) (realized/unrealized):
Included in earnings	(64)	71	164	127
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(62)	73	165	127
Other assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(64)	71	164	127
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(62)	73	165	127
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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	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	1,684	1,708	1,717	1,534
Purchases	65	54	169	282
Sales	(5)	(88)	(26)	(105)
Issuances	0	0	0	0
Settlements	(14)	(62)	(47)	(112)
Other	0	0	0	0
Transfers into Level 3	10	43	43	43
Transfers out of Level 3	(23)	(4)	(113)	(116)
Fair Value, end of period	1,801	1,660	1,801	1,660
Total gains (losses) (realized/unrealized):
Included in earnings	84	9	58	134
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	87	8	70	122
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	84	8	58	131
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	87	8	70	122
Separate accounts assets | Included in other comprehensive income (loss)
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
Separate accounts assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	1	0	3
Future policy benefits
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(26,439)	(12,723)	(12,831)	(8,926)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	(331)	(314)	(972)	(902)
Settlements	0	0	0	0
Other	91	2	93	3
Transfers Into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	(23,340)	(16,452)	(23,340)	(16,452)
Total gains (losses) (realized/unrealized):
Included in earnings	3,339	(3,417)	(9,630)	(6,627)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	3,069	(3,570)	(9,940)	(6,870)
Future policy benefits | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	3,339	(3,417)	(9,630)	(6,627)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	3,069	(3,570)	(9,940)	(6,870)
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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	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	(1,441)	(1,047)	(1,316)	(56)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	(74)	(62)	(271)	(171)
Settlements	0	0	0	0
Other	0	0	0	(3)
Transfers Into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	(1,549)	(1,188)	(1,549)	(1,188)
Total gains (losses) (realized/unrealized):
Included in earnings	(34)	(79)	38	(958)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(6)	(66)	80	(938)
Policyholders' account balances | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(34)	(79)	38	(958)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(6)	(66)	80	(938)
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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	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	0	(105)	0
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	0	0	0	0
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	105	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	105	0
Other 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
Other liabilities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	105	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	105	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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	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	(741)	(816)	(800)	(595)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	(858)
Settlements	0	0	0	638
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	(775)	(807)	(775)	(807)
Total gains (losses) (realized/unrealized):
Included in earnings	(34)	9	25	8
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(34)	9	25	8
Notes Issued by Consolidated VIEs | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	9	0	8
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	9	0	8
Notes Issued by Consolidated VIEs | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	(34)	0	25	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(34)	0	25	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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	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	3	(25)	(112)	(38)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(12)	(27)	(118)	(53)
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	217	(3)	141	37
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	210		137
Available-for-sale | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	1	4	6	14
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	122	94	105	81
Purchases	10	5	27	18
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	132	99	132	99
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	4	4	5
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	(1)
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	4	4	4
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	21	24	22	125
Purchases	0	0	0	0
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	1	9
Transfers out of Level 3	(12)	0	(13)	(111)
Fair Value, end of period	10	22	10	22
Total gains (losses) (realized/unrealized):
Included in earnings	1	(2)	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1	(2)	0	(2)
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	4,904	2,792	3,236	2,685
Purchases	165	509	584	1,116
Sales	(8)	(7)	(126)	(36)
Issuances	0	0	0	0
Settlements	(160)	(203)	(490)	(807)
Other	(23)	(1)	(22)	(2)
Transfers into Level 3	113	136	2,136	319
Transfers out of Level 3	(103)	(21)	(248)	(80)
Fair Value, end of period	5,103	3,179	5,103	3,179
Total gains (losses) (realized/unrealized):
Included in earnings	215	(26)	33	(16)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	193	(25)	19	(51)
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	801	861	948	1,339
Purchases	96	439	484	870
Sales	0	(1)	(17)	(48)
Issuances	0	0	0	0
Settlements	(147)	(74)	(444)	(406)
Other	1	(14)	156	(7)
Transfers into Level 3	68	5	160	755
Transfers out of Level 3	(258)	(45)	(723)	(1,357)
Fair Value, end of period	566	1,175	566	1,175
Total gains (losses) (realized/unrealized):
Included in earnings	5	4	2	29
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	4	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	236	296	287	206
Purchases	(1)	16	21	90
Sales	(1)	(6)	(33)	(20)
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	1	(1)	9	2
Transfers into Level 3	4	2	19	41
Transfers out of Level 3	1	0	(47)	(1)
Fair Value, end of period	240	304	240	304
Total gains (losses) (realized/unrealized):
Included in earnings	0	(3)	(16)	(14)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1	(3)	(16)	(15)
Trading | Fixed maturities | 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
Trading | Fixed maturities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	(3)	(17)	(15)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1	(3)	(16)	(15)
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
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0		0
Trading | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	$ 0	$ 0	$ 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, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	$ 1,190	$ 867
Netting	(26,232)	(13,519)
Total derivative liabilities	573	831
Netting	(12,190)	(6,705)
Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	22,783	11,243
Total derivative liabilities	10,731	5,214
Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	797	230
Total derivative liabilities	565	271
Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	10	21
Total derivative liabilities	23	0
Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	2,837	2,207
Total derivative liabilities	601	647
Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	995	685
Total derivative liabilities	843	1,404
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Total derivative liabilities	0	0
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	114	6
Total derivative liabilities	108	41
Level 1 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	12	4
Total derivative liabilities	77	38
Level 1 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Total derivative liabilities	0	0
Level 1 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	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]
Derivative Asset	0	0
Total derivative liabilities	0	0
Level 1 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	102	2
Total derivative liabilities	31	3
Level 1 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Total derivative liabilities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	27,307	14,379
Total derivative liabilities	12,655	7,495
Level 2 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	22,770	11,238
Total derivative liabilities	10,654	5,176
Level 2 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	797	230
Total derivative liabilities	565	271
Level 2 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	10	21
Total derivative liabilities	23	0
Level 2 | Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	2,837	2,207
Total derivative liabilities	601	647
Level 2 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	893	683
Total derivative liabilities	812	1,401
Level 2 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Total derivative liabilities	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	1	1
Total derivative liabilities	0	0
Level 3 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	1	1
Total derivative liabilities	0	0
Level 3 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Total derivative liabilities	0	0
Level 3 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	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]
Derivative Asset	0	0
Total derivative liabilities	0	0
Level 3 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Total derivative liabilities	0	0
Level 3 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	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	$ (14,042)	$ (6,814)

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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net Derivative- Equity
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	$ 0	$ 0	$ 0	$ 0
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	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	1	1	2
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	1	1	1
Realized investment gains (losses), net | Net Derivative- Equity
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
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	0	(1)
Unrealized Gain (Loss) for assets still held
Included in earnings	$ 0	$ 0	$ 0	$ (1)

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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Commercial Mortgage Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	$ 3	$ 1	$ 0	$ 1
Carrying value after measurement as of period end	0		0		$ 15
Mortgage servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	5	$ (3)	(24)	$ (5)
Carrying value after measurement as of period end	$ 280		$ 280		$ 87

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, 2020		Sep. 30, 2019	Sep. 30, 2020		Sep. 30, 2019	Dec. 31, 2019
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans	[1]	$ 64,541	[2]		$ 64,541	[2]		$ 63,559
Other assets	[1]	21,536	[2]		21,536	[2]		20,832
Commercial mortgage and other loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Interest income		4		$ 5	10		$ 16
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		34		(9)	(25)		(8)
Interest expense		10		$ 11	32		$ 33
Fair value option
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans		915			915			228
Other assets		10			10			10
Notes issued by consolidated VIEs		775			775			800
Fair value option, aggregate contractual principal
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans		896			896			224
Notes issued by consolidated VIEs		$ 857			$ 857			$ 857
[1]	See Note 4 for details of balances associated with variable interest entities.
[2]	September 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.

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, 2020		Dec. 31, 2019		Sep. 30, 2019
Assets:
Fixed maturities, held-to-maturity	[1]	$ 1,901	[2]	$ 1,933
Assets supporting experience-rated contractholder liabilities	[1]	23,961		21,597
Commercial mortgage and other loans	[1]	64,541	[2]	63,559
Policy loans		11,502		12,096
Other invested assets	[1]	16,921	[2]	15,606
Cash and cash equivalents		20,658	[1]	16,327	[1]	$ 18,289
Accrued investment income	[1]	3,129		3,330
Liabilities:
Securities sold under agreements to repurchase		10,874		9,681
Cash collateral for loaned securities		3,071		4,213
Short-term debt		1,113		1,933
Long-term Debt, Excluding Current Maturities		20,169		18,646
Fair Value
Assets:
Fixed maturities, held-to-maturity		2,264		2,302
Assets supporting experience-rated contractholder liabilities		31		16
Commercial mortgage and other loans		66,917		65,665
Policy loans		11,502		12,096
Other invested assets		177		36
Short-term Investments		1,875		1,531
Cash and cash equivalents		8,573		7,321
Accrued investment income		3,129		3,330
Other assets		3,051		3,316
Total assets		97,519		95,613
Liabilities:
Policyholders’ account balances—investment contracts		110,313		102,156
Securities sold under agreements to repurchase		10,874		9,681
Cash collateral for loaned securities		3,071		4,213
Short-term debt		1,115		1,953
Long-term Debt, Excluding Current Maturities		23,320		21,324
Notes issued by consolidated VIEs		467		474
Other liabilities		7,486		6,982
Separate account liabilities—investment contracts		102,982		101,541
Total liabilities		259,628		248,324
Carrying Amount
Assets:
Fixed maturities, held-to-maturity		1,901		1,933
Assets supporting experience-rated contractholder liabilities		31		16
Commercial mortgage and other loans		63,626		63,331
Policy loans		11,502		12,096
Other invested assets		177		36
Short-term Investments		1,875		1,531
Cash and cash equivalents		8,573		7,321
Accrued investment income		3,129		3,330
Other assets		3,050		3,315
Total assets		93,864		92,909
Liabilities:
Policyholders’ account balances—investment contracts		107,498		101,241
Securities sold under agreements to repurchase		10,874		9,681
Cash collateral for loaned securities		3,071		4,213
Short-term debt		1,113		1,933
Long-term Debt, Excluding Current Maturities		20,169		18,646
Notes issued by consolidated VIEs		467		474
Other liabilities		7,486		6,982
Separate account liabilities—investment contracts		102,982		101,541
Total liabilities		253,660		244,711
Level 1 | Fair Value
Assets:
Fixed maturities, held-to-maturity		0		0
Assets supporting experience-rated contractholder liabilities		31		16
Commercial mortgage and other loans		0		0
Policy loans		0		0
Other invested assets		0		0
Short-term Investments		1,855		1,492
Cash and cash equivalents		7,919		6,278
Accrued investment income		0		0
Other assets		146		147
Total assets		9,951		7,933
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, Excluding Current Maturities		622		1,950
Notes issued by consolidated VIEs		0		0
Other liabilities		0		0
Separate account liabilities—investment contracts		0		0
Total liabilities		622		1,950
Level 2 | Fair Value
Assets:
Fixed maturities, held-to-maturity		2,177		2,217
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		105		107
Policy loans		0		0
Other invested assets		177		36
Short-term Investments		20		39
Cash and cash equivalents		654		1,043
Accrued investment income		3,129		3,330
Other assets		2,513		2,526
Total assets		8,775		9,298
Liabilities:
Policyholders’ account balances—investment contracts		37,425		32,940
Securities sold under agreements to repurchase		10,874		9,681
Cash collateral for loaned securities		3,071		4,213
Short-term debt		1,011		1,748
Long-term Debt, Excluding Current Maturities		21,514		18,188
Notes issued by consolidated VIEs		0		0
Other liabilities		7,438		6,403
Separate account liabilities—investment contracts		79,329		77,134
Total liabilities		160,662		150,307
Level 3 | Fair Value
Assets:
Fixed maturities, held-to-maturity		87		85
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		66,812		65,558
Policy loans		11,502		12,096
Other invested assets		0		0
Short-term Investments		0		0
Cash and cash equivalents		0		0
Accrued investment income		0		0
Other assets		392		643
Total assets		78,793		78,382
Liabilities:
Policyholders’ account balances—investment contracts		72,888		69,216
Securities sold under agreements to repurchase		0		0
Cash collateral for loaned securities		0		0
Short-term debt		104		205
Long-term Debt, Excluding Current Maturities		1,184		1,186
Notes issued by consolidated VIEs		467		474
Other liabilities		48		579
Separate account liabilities—investment contracts		23,653		24,407
Total liabilities		98,344		96,067
Prudential Netting Agreement | Fair Value
Assets:
Fixed maturities, held-to-maturity		5,814		5,401
Liabilities:
Long-term Debt, Excluding Current Maturities		12,408		10,158
Prudential Netting Agreement | Carrying Amount
Assets:
Fixed maturities, held-to-maturity		4,998		4,998
Liabilities:
Long-term Debt, Excluding Current Maturities		$ 11,464		$ 9,749
[1]	See Note 4 for details of balances associated with variable interest entities.
[2]	September 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.

Closed Block (Narrative) (Detai

Closed Block (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Closed Block Dividend Obligation	$ 8,141	$ 6,149
Accumulated Distributions in Excess of Net Income
Closed Block Dividend Obligation	2,611	2,816
Net Unrealized Investment Gains (Losses)
Closed Block Dividend Obligation	$ 5,530	$ 3,332

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, 2020	Dec. 31, 2019
Closed Block liabilities
Future policy benefits	$ 46,918	$ 47,613
Policyholders’ dividends payable	754	717
Policyholders’ dividend obligation	8,141	6,149
Policyholders’ account balances	4,894	4,973
Other Closed Block liabilities	3,224	4,049
Total Closed Block liabilities	63,931	63,501
Closed Block assets
Fixed maturities, available-for-sale, at fair value	41,973	41,146
Fixed maturities, trading, at fair value	257	256
Equity securities, at fair value	2,074	2,245
Commercial mortgage and other loans	8,419	8,629
Policy loans	4,106	4,264
Other invested assets	3,418	3,333
Short-term investments	79	227
Total investments	60,326	60,100
Cash and cash equivalents	385	191
Accrued investment income	459	456
Other Closed Block assets	141	93
Total Closed Block assets	61,311	60,840
Excess of reported Closed Block liabilities over Closed Block assets	2,620	2,661
Portion of above representing accumulated other comprehensive income (loss):
Net unrealized investment gains (losses)	5,473	3,280
Allocated to policyholder dividend obligation	(5,530)	(3,332)
Future earnings to be recognized from Closed Block assets and Closed Block liabilities	$ 2,563	$ 2,609

Closed Block (Information Regar

Closed Block (Information Regarding Policyholder Dividend Obligation) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Movement in Closed Block Dividend Obligation [Roll Forward]
Balance, beginning	$ 6,149
Impact from earnings allocable to policyholder dividend obligation	(192)
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation	2,197
Balance, ending	8,141
ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Closed Block Dividend Obligation, Period Increase (Decrease)	$ (13)

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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues
Premiums	$ 459	$ 510	$ 1,457	$ 1,618
Net investment income	586	591	1,649	1,732
Realized investment gains (losses), net	18	351	266	456
Other income (loss)	242	31	(43)	356
Total Closed Block revenues	1,305	1,483	3,329	4,162
Benefits and Expenses
Policyholders’ benefits	641	659	2,013	2,148
Interest credited to policyholders’ account balances	32	33	96	97
Dividends to policyholders	532	649	955	1,617
General and administrative expenses	81	88	248	266
Total Closed Block benefits and expenses	1,286	1,429	3,312	4,128
Closed Block revenues, net of Closed Block benefits and expenses, before income taxes	19	54	17	34
Income tax expense (benefit)	4	39	(30)	(14)
Closed Block revenues, net of Closed Block benefits and expenses and income taxes	$ 15	$ 15	$ 47	$ 48

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2017	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Total income tax expense (benefit)	$ (50)	$ 332		$ 7	$ 726
Effective Income Tax Rate, Percent				(0.60%)	19.40%
Federal Statutory Income Tax Rate, Percent			35.00%	21.00%
GILTI Tax on NOL Carryback				$ 13
YTD CARES Act NOL Carryback				38
NOL Carryback				$ (47)
High Tax Exception Percentage				18.90%
Percentage of the Effective Income Tax Rate Rec at Federal Statutory Income				90.00%
CARES Act NOL Carryback				$ (325)

Short-Term and Long-Term Debt_2

Short-Term and Long-Term Debt (Short-Term Debt) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Short-term debt		$ 1,113	$ 1,933
Weighted average interest rate on outstanding short-term debt		0.11%	1.61%
Commercial paper
Short-term Debt [Line Items]
Short-term debt		$ 480	$ 549
Weighted average maturity of outstanding commercial paper, in days	6 days	14 days
Long-term debt
Short-term Debt [Line Items]
Long-term Debt, Current Maturities		$ 876	1,371
Short-term Debt
Short-term Debt [Line Items]
Long-term Debt, Current Maturities		1,363	1,933
Borrowings due overnight | Commercial paper
Short-term Debt [Line Items]
Short-term debt		224	224
Daily average outstanding | Commercial paper
Short-term Debt [Line Items]
Short-term debt		1,733	1,702
Prudential Financial
Short-term Debt [Line Items]
Short-term debt		553	1,204
Prudential Financial | Commercial paper
Short-term Debt [Line Items]
Short-term debt		25	25
Prudential Funding, LLC | Commercial paper
Short-term Debt [Line Items]
Short-term debt		455	524
Mortgages
Short-term Debt [Line Items]
Long-term Debt, Current Maturities		97	192
Line of Credit
Short-term Debt [Line Items]
Short-term debt		7
Long-term Debt, Current Maturities		7	13
Senior notes
Short-term Debt [Line Items]
Short-term debt		1,500
Long-term Debt, Current Maturities		651
Senior notes | Long-term debt
Short-term Debt [Line Items]
Long-term Debt, Current Maturities		529	1,179
Surplus notes subject to set-off arrangements
Short-term Debt [Line Items]
Long-term Debt, Current Maturities		250	0
Assets Under Set-Off Arrangements
Short-term Debt [Line Items]
Short-term debt		$ 250	$ 0

Short-Term and Long-Term Debt_3

Short-Term and Long-Term Debt (Narrative) (Details)	Aug. 02, 2019USD ($)	Jun. 14, 2020	Sep. 30, 2020USD ($)Rate	Sep. 30, 2020USD ($)Rate	Aug. 21, 2020USD ($)	Jun. 11, 2020USD ($)	May 15, 2020USD ($)Rate	Dec. 31, 2019USD ($)	Feb. 18, 2015USD ($)	Sep. 30, 2009USD ($)
Debt Instrument [Line Items]
Long-term debt			$ 20,169,000,000	$ 20,169,000,000				$ 18,646,000,000
Debt, Current			1,113,000,000	$ 1,113,000,000				1,933,000,000
Document Period End Date				Sep. 30, 2020
Amounts drawn on credit facilities			0	$ 0
Assets Under Set-Off Arrangements
Debt Instrument [Line Items]
Long-term debt			11,214,000,000	11,214,000,000				9,749,000,000
Debt, Current			250,000,000	250,000,000				0
Senior notes
Debt Instrument [Line Items]
Debt, Current			1,500,000,000	1,500,000,000
Increase (decrease) of debt				800,000,000
Senior Notes			12,100,000,000	12,100,000,000
Long-term Debt, Current Maturities			651,000,000	651,000,000
Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term debt			$ 7,611,000,000	$ 7,611,000,000				7,575,000,000
Junior Notes
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			4.125%	4.125%
5.70% Junior Subordinated Notes
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			5.70%	5.70%
5.75% Junior Subordinated Note
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			5.75%	5.75%
Parent Company
Debt Instrument [Line Items]
Long-term debt			$ 18,956,000,000	$ 18,956,000,000				17,430,000,000
Debt, Current			553,000,000	553,000,000				1,204,000,000
Parent Company | Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term debt			7,552,000,000	7,552,000,000				7,518,000,000
Subsidiaries | Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term debt			59,000,000	59,000,000				57,000,000
Private Placement | Parent Company
Debt Instrument [Line Items]
Debt Instrument, Face Amount							$ 1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage | Rate							2.85%
Debt Instrument, Interest Rate, Effective Percentage | Rate							2.175%
Private Placement | Parent Company | Senior notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount							$ 1,500,000,000
Private Placement | Parent Company | Maturity in 2030
Debt Instrument [Line Items]
Debt Instrument, Face Amount							$ 1,500,000,000
Long-term debt
Debt Instrument [Line Items]
Long-term Debt, Current Maturities			876,000,000	876,000,000				1,371,000,000
Long-term debt | Senior notes
Debt Instrument [Line Items]
Long-term Debt, Current Maturities			529,000,000	529,000,000				1,179,000,000
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
Put Option | Parent Company
Debt Instrument [Line Items]
Derivative, Time to Cure		30 days
Minimum Equity Less AOCI for Automatic Exercise			$ 9,000,000,000	$ 9,000,000,000
Medium-term Notes | Junior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 1,300,000,000
Debt Instrument, Interest Rate, Stated Percentage			3.70%	3.70%
Debt Instrument, Interest Rate Terms				3.035
Debt Instrument, Redemption Price, Percentage				102.00%
Junior Subordinated Debt
Debt Instrument [Line Items]
Repayments of Senior Debt			$ 575,000,000
Junior Subordinated Debt | Senior notes
Debt Instrument [Line Items]
Repayments of Senior Debt			710,000,000
Junior Subordinated Debt | Bond Issuance Cost
Debt Instrument [Line Items]
Repayments of Senior Debt			30,000,000
Federal Home Loan Bank of New York | Subsidiaries
Debt Instrument [Line Items]
Debt Issuance Costs, Net			3,600,000,000	$ 3,600,000,000
Federal Home Loan Bank of New York | Long-term debt | Subsidiaries
Debt Instrument [Line Items]
Debt Issuance Costs, Net			3,000,000,000	3,000,000,000
Maturing in 2026 | Senior notes
Debt Instrument [Line Items]
Debt, Current			$ 500,000,000	$ 500,000,000
Debt Instrument, Interest Rate, Stated Percentage | Rate			1.50%	1.50%
Maturity in 2030 | Senior notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount			$ 500,000,000	$ 500,000,000
Debt Instrument, Interest Rate, Stated Percentage | Rate			2.10%	2.10%
Maturing in 2040 | Senior notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount			$ 500,000,000	$ 500,000,000
Debt Instrument, Interest Rate, Stated Percentage | Rate			3.00%	3.00%
Maturing in 2050 | Medium-term Notes | Junior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount					800,000,000
Maturity in 2060 | Medium-term Notes | Junior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 500,000,000
Captive Reinsurance Subsidiary | Floating Rate Debt Surplus Notes Subject To Set Off Arrangement
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding			$ 900,000,000	$ 900,000,000
Surplus Notes			800,000,000	800,000,000
Prudential Legacy Insurance Company
Debt Instrument [Line Items]
Future Debt Instrument Authorized									$ 4,000,000,000
Prudential Arizona Reinsurance Universal Company
Debt Instrument [Line Items]
Debt Instrument, Face Amount						$ 700,000,000
Future Debt Instrument Authorized						$ 1,200,000,000
Prudential Arizona Reinsurance Universal Company | Floating Rate Debt Surplus Notes Subject To Set Off Arrangement
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding			$ 700,000,000	$ 700,000,000
Minimum | Federal Home Loan Bank of New York | Subsidiaries
Debt Instrument [Line Items]
Weighted average maturity of outstanding commercial paper, in days				5 months
Debt Instrument, Interest Rate, Stated Percentage			0.43%	0.43%
Maximum | Federal Home Loan Bank of New York | Subsidiaries
Debt Instrument [Line Items]
Weighted average maturity of outstanding commercial paper, in days				7 years
Debt Instrument, Interest Rate, Stated Percentage			1.925%	1.925%
Fed Funds Effective Rate Overnight Index Swap Rate | Senior notes
Debt Instrument [Line Items]
Long-term debt			$ 11,577,000,000	$ 11,577,000,000				10,084,000,000
Fed Funds Effective Rate Overnight Index Swap Rate | Mortgages
Debt Instrument [Line Items]
Long-term debt			67,000,000	67,000,000				104,000,000
Fed Funds Effective Rate Overnight Index Swap Rate | Debt denominated in foreign currency | Mortgages
Debt Instrument [Line Items]
Long-term debt			$ 43,000,000	$ 43,000,000				$ 43,000,000

Short-Term and Long-Term Debt_4

Short-Term and Long-Term Debt (Long-Term Debt) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt	$ 20,169	$ 18,646
Surplus notes | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	343	342
Surplus notes subject to set-off arrangements | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	8,884	7,484
Surplus notes subject to set-off arrangements | Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	2,330	2,265
Senior notes | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	11,577	10,084
Mortgages | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	67	104
Mortgages | Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	271	241
Line of Credit
Debt Instrument [Line Items]
Long-term Line of Credit, Noncurrent	300	300
Junior subordinated notes
Debt Instrument [Line Items]
Long-term debt	7,611	7,575
Subtotal
Debt Instrument [Line Items]
Long-term debt	31,383	28,395
Less: assets under set-off arrangements
Debt Instrument [Line Items]
Long-term debt	11,214	9,749
Debt denominated in foreign currency | Mortgages | Fixed-rate notes:
Debt Instrument [Line Items]
Long-term debt	43	43
Debt denominated in foreign currency | Mortgages | Floating-rate notes:
Debt Instrument [Line Items]
Long-term debt	29	53
Prudential Financial
Debt Instrument [Line Items]
Long-term debt	18,956	17,430
Prudential Financial | Junior subordinated notes
Debt Instrument [Line Items]
Long-term debt	7,552	7,518
Subsidiaries | Junior subordinated notes
Debt Instrument [Line Items]
Long-term debt	59	$ 57
Maturing in 2040 | Senior notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - Other Postretirement Benefits	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 80	$ 73	$ 241	$ 218
Interest cost	108	122	323	368
Expected return on plan assets	(201)	(204)	(604)	(612)
Amortization of prior service cost	(1)	(1)	(3)	(3)
Amortization of actuarial (gain) loss, net	65	54	196	162
Settlements	(1)	4	3	52
Special termination benefits(1)(2)	5	2	7	3
Net periodic (benefit) cost	55	50	163	188
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	6	5	18	16
Interest cost	15	20	47	59
Expected return on plan assets	(25)	(24)	(75)	(71)
Amortization of prior service cost	2	1	5	3
Amortization of actuarial (gain) loss, net	4	6	12	18
Settlements	0	0	0	0
Special termination benefits(1)(2)	0	0	0	0
Net periodic (benefit) cost	$ 2	$ 8	$ 7	$ 25

Equity (Common Stock Changes in

Equity (Common Stock Changes in Number of Shares Issued, Held in Treasury and Outstanding) (Details)	Aug. 02, 2019USD ($)shares	Sep. 30, 2020shares	Sep. 30, 2019shares	Sep. 30, 2020shares	Sep. 30, 2019shares	Sep. 30, 2009USD ($)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning				666,305,189
Balance, ending		666,305,189		666,305,189
Exchangeable surplus notes (in shares)		0	2,200,000	0	4,800,000
Issued
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning				666,300,000
Common Stock issued				0
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				267,500,000
Common Stock issued				0
Common Stock acquired				6,700,000
Stock-based compensation programs				(3,300,000)
Balance, ending		270,900,000		270,900,000
Outstanding
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning				398,800,000
Common Stock issued				0
Common Stock acquired				(6,700,000)
Stock-based compensation programs				3,300,000
Balance, ending		395,400,000		395,400,000
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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Equity [Abstract]
Dividends declared per share of Common Stock	$ 1.10	$ 1	$ 3.30	$ 3

Equity (Narrative) (Details)

Equity (Narrative) (Details) - USD ($) shares in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Class of Stock [Line Items]
Cost of Treasury Stock Acquired	$ 500,000,000	$ 1,940,000,000
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	6.7
Cost of Treasury Stock Acquired	$ 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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			$ 24,039
Income tax benefit (expense)	$ 620	$ (1,051)	(1,265)	$ (4,961)
Ending balance	30,001		30,001
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(536)	(564)
Change in OCI before reclassifications			69	(74)
Amounts reclassified from AOCI			46	5
Income tax benefit (expense)			73	20
Cumulative effect of adoption of ASU 2017-12				0
Ending balance	(348)	(613)	(348)	(613)
Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			28,112	14,745
Change in OCI before reclassifications			7,939	22,759
Amounts reclassified from AOCI			(1,045)	(1,188)
Income tax benefit (expense)			(1,289)	(4,956)
Cumulative effect of adoption of ASU 2017-12				7
Ending balance	33,717	31,367	33,717	31,367
Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(3,537)	(3,275)
Change in OCI before reclassifications			8	(76)
Amounts reclassified from AOCI			210	180
Income tax benefit (expense)			(49)	(25)
Cumulative effect of adoption of ASU 2017-12				0
Ending balance	(3,368)	(3,196)	(3,368)	(3,196)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			24,039	10,906
Change in OCI before reclassifications			8,016	22,609
Amounts reclassified from AOCI			(789)	(1,003)
Income tax benefit (expense)			(1,265)	(4,961)
Cumulative effect of adoption of ASU 2017-12				7
Ending balance	30,001	27,558	30,001	27,558
Cash flow hedges | Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			832	811
Ending balance	1,407	$ 1,584	1,407	$ 1,584
Fair value hedges | Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			0
Ending balance	$ (1)		$ (1)

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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	$ (79)	$ 853	$ (2,164)	$ (249)
Other income	992	320	(125)	2,217
Total foreign currency translation adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			46	5
Net Unrealized Investment Gains (Losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			(1,045)	(1,188)
Total amortization of defined benefit pension items
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			210	180
Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			(789)	(1,003)
Amounts reclassified from AOCI
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	(2)	0	(7)	(5)
Other income	(39)	0	(39)	0
Amortization of defined benefit pension items:
Prior service cost	(1)	0	(2)	0
Actuarial gain (loss)	(69)	(60)	(208)	(180)
Amounts reclassified from AOCI | Total foreign currency translation adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(41)	0	(46)	(5)
Amounts reclassified from AOCI | Net Unrealized Investment Gains (Losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	343	687	1,045	1,188
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	(70)	(60)	(210)	(180)
Amounts reclassified from AOCI | Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	232	627	789	1,003
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)	401	360	671	689
Amounts reclassified from AOCI | Interest Rate | Cash flow hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	19	57	27	56
Amounts reclassified from AOCI | Currency | Cash flow hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	0	3	4	5
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)	$ (77)	$ 267	$ 343	$ 438

Equity (Net Unrealized Investme

Equity (Net Unrealized Investment Gains and Losses in AOCI with Allowance for Credit Losses) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 24,039
Ending balance	30,001
Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	28,112
Ending balance	33,717
With an allowance | Net Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	0
Net investment gains (losses) on investments arising during the period	41
Reclassification adjustment for (gains) losses included in net income	23
Increase (decrease) due to non-credit related losses recognized in AOCI during the period	(87)
Ending balance	(23)
With an allowance | DAC, DSI, VOBA and Reinsurance Recoverables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	0
Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables	2
Ending balance	2
With an allowance | Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	0
Impact of net unrealized investment (gains) losses on future policy benefits, policyholders’ account balances and reinsurance payables	0
Ending balance	0
With an allowance | Policyholders’ Dividends
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	0
Impact of net unrealized investment (gains) losses on policyholders’ dividends	(3)
Ending balance	(3)
With an allowance | Deferred Income Tax (Liability) Benefit
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	0
Net investment gains (losses) on investments arising during the period	(8)
Reclassification adjustment for (gains) losses included in net income	(4)
Increase (decrease) due to non-credit related losses recognized in AOCI during the period	17
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, policyholders’ account balances and reinsurance payables	0
Impact of net unrealized investment (gains) losses on policyholders’ dividends	1
Ending balance	6
With an allowance | Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	0
Net investment gains (losses) on investments arising during the period	33
Reclassification adjustment for (gains) losses included in net income	19
Increase (decrease) due to non-credit related losses recognized in AOCI during the period	(70)
Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables	2
Impact of net unrealized investment (gains) losses on future policy benefits, policyholders’ account balances and reinsurance payables	0
Impact of net unrealized investment (gains) losses on policyholders’ dividends	(2)
Ending balance	$ (18)

Equity (All Other Net Unrealize

Equity (All Other Net Unrealized Investment Gains and Losses in AOCI) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 24,039
Ending balance	30,001
Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	28,112
Ending balance	33,717
All Other | Net Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	45,339
Net investment gains (losses) on investments arising during the period	11,509
Reclassification adjustment for (gains) losses included in net income	(1,068)
Reclassification due to allowance for credit loses recorded during the period	87
Ending balance	55,867
All Other | DAC, DSI, VOBA and Reinsurance Recoverables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(1,585)
Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables	336
Ending balance	(1,249)
All Other | Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(2,909)
Impact of net unrealized investment (gains) losses on future policy benefits, policyholders’ account balances and reinsurance payables	(1,764)
Ending balance	(4,673)
All Other | Policyholders’ Dividends
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(3,366)
Impact of net unrealized investment (gains) losses on policyholders’ dividends	(2,182)
Ending balance	(5,548)
All Other | Deferred Income Tax (Liability) Benefit
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(9,367)
Net investment gains (losses) on investments arising during the period	(2,232)
Reclassification adjustment for (gains) losses included in net income	207
Reclassification due to allowance for credit loses recorded during the period	(17)
Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables	(68)
Impact of net unrealized investment (gains) losses on future policy benefits, policyholders’ account balances and reinsurance payables	357
Impact of net unrealized investment (gains) losses on policyholders’ dividends	458
Ending balance	(10,662)
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	28,112
Net investment gains (losses) on investments arising during the period	9,277
Reclassification adjustment for (gains) losses included in net income	(861)
Reclassification due to allowance for credit loses recorded during the period	70
Impact of net unrealized investment (gains) losses on DAC, DSI, VOBA and reinsurance recoverables	268
Impact of net unrealized investment (gains) losses on future policy benefits, policyholders’ account balances and reinsurance payables	(1,407)
Impact of net unrealized investment (gains) losses on policyholders’ dividends	(1,724)
Ending balance	$ 33,735

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, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Basic earnings per share
Net income (loss)	$ 1,507	$ (2,405)	$ (270)	$ 1,425	$ 738	$ 937	$ (1,168)	$ 3,100
Less: Income (loss) attributable to noncontrolling interests	20			7			25	42
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards	18			15			16	33
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Income	$ 1,469			$ 1,403			$ (1,209)	$ 3,025
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Weighted Average Shares	395.3			404.1			395.6	406.2
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Per Share Amount	$ 3.72			$ 3.47			$ (3.06)	$ 7.45
Effect of dilutive securities and compensation programs
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic	$ 18			$ 15			$ 16	$ 33
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted	$ 18			$ 15			$ 16	$ 33
Stock options, Weighted Average Shares	0.3			1			0	1.1
Deferred and long-term compensation programs, Weighted Average Shares	1.5			1.2			0	1.1
Exchangeable Surplus Notes	$ 0			$ 1			$ 0	$ 12
Exchangeable Surplus Notes, Weighted Average Shares	0			2.2			0	4.8
Diluted earnings per share
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Income	$ 1,469			$ 1,404			$ (1,209)	$ 3,037
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Weighted Average Shares	397.1			408.5			395.6	413.2
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Per Share Amount	$ 3.70			$ 3.44			$ (3.06)	$ 7.35

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) shares in Millions	Aug. 02, 2019USD ($)shares	Sep. 30, 2020shares	Sep. 30, 2019shares	Sep. 30, 2020shares	Sep. 30, 2019shares	Sep. 30, 2009USD ($)
Debt Instrument [Line Items]
Exchangeable surplus notes (in shares)		0	2.2	0	4.8
Undistributed earnings allocated to participating unvested share-based payment awards, weighted outstanding shares		4.9	4.5	5	4.6
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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	3.4	1.4	5.6	1.2
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	3.2	1.4	3.4	1.2
Antidilutive securities excluded from computation of earnings, Exercise Price Per Share	$ 84.17	$ 101.57	$ 80.64	$ 103.35
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	0.4	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	0.2	0	0.2	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	1.6	0

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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
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	$ 1,447	$ 1,725	$ (1,223)	$ 3,741
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	1,563	1,582	3,629	4,712
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	370	232	858	710
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	394	392	969	1,244
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	372	302	898	1,020
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	22	90	71	224
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	509	518	1,047	1,422
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	408	459	1,030	1,393
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	101	59	17	29
Operating Segments | Assurance IQ 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	(30)	0	(69)	0
Operating Segments | Assurance IQ division | Assurance IQ
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	(30)	0	(69)	0
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	775	721	2,162	2,364
Operating Segments | Total Corporate and Other | 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	(455)	(281)	(1,338)	(1,028)
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	223	331	(2,746)	(882)
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	(70)	(92)	(353)	(149)
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	(134)	(314)	(1,016)	(515)
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	1	(34)	(62)	(71)
Segment Reconciling Items | Segment Reconciling Items, Other 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	(12)	0	65	0
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	8	45	(15)	5
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	(132)	207	(725)	641
U.S. Businesses | 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	$ 873	$ 910	$ 1,947	$ 2,666

Segment Information (Reconcil_2

Segment Information (Reconciliation of Select Financial Information) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 15,425	$ 15,105	$ 41,004	$ 45,584
Total Assets	911,589		911,589		$ 896,552
Operating Segments
Segment Reporting Information [Line Items]
Revenues	13,336	12,373	39,073	38,992
Operating Segments | Total PGIM division | PGIM
Segment Reporting Information [Line Items]
Revenues	1,066	855	2,801	2,651
Total Assets	48,507		48,507		47,655
Operating Segments | Total U.S. Workplace Solutions division
Segment Reporting Information [Line Items]
Revenues	4,147	3,699	12,471	12,826
Total Assets	249,729		249,729		241,865
Operating Segments | Total U.S. Workplace Solutions division | Retirement
Segment Reporting Information [Line Items]
Revenues	2,690	2,261	8,119	8,486
Total Assets	205,878		205,878		198,153
Operating Segments | Total U.S. Workplace Solutions division | Group Insurance
Segment Reporting Information [Line Items]
Revenues	1,457	1,438	4,352	4,340
Total Assets	43,851		43,851		43,712
Operating Segments | Total U.S. Individual Solutions division
Segment Reporting Information [Line Items]
Revenues	2,757	2,780	7,951	8,293
Total Assets	297,545		297,545		285,112
Operating Segments | Total U.S. Individual Solutions division | Individual Annuities
Segment Reporting Information [Line Items]
Revenues	1,148	1,251	3,249	3,774
Total Assets	193,509		193,509		189,040
Operating Segments | Total U.S. Individual Solutions division | Individual Life
Segment Reporting Information [Line Items]
Revenues	1,609	1,529	4,702	4,519
Total Assets	104,036		104,036		96,072
Operating Segments | Assurance IQ division
Segment Reporting Information [Line Items]
Revenues	75	0	194	0
Total Assets	2,621		2,621		2,639
Operating Segments | Assurance IQ division | Assurance IQ
Segment Reporting Information [Line Items]
Revenues	75	0	194	0
Total Assets	2,621		2,621		2,639
Operating Segments | Total International Insurance division | International Insurance
Segment Reporting Information [Line Items]
Revenues	5,481	5,216	16,201	15,734
Total Assets	224,932		224,932		213,335
Operating Segments | Total Corporate and Other | Corporate and Other
Segment Reporting Information [Line Items]
Revenues	(190)	(177)	(545)	(512)
Total Assets	26,433		26,433		44,619
Operating Segments | Total Closed Block division | Closed Block division
Segment Reporting Information [Line Items]
Total Assets	61,822		61,822		61,327
Segment Reconciling Items | Realized investment gains (losses), net, and related adjustments
Segment Reporting Information [Line Items]
Revenues	392	491	(2,290)	(6)
Segment Reconciling Items | Charges related to realized investment gains (losses), net
Segment Reporting Information [Line Items]
Revenues	(40)	(62)	(121)	(187)
Segment Reconciling Items | Market experience updates
Segment Reporting Information [Line Items]
Revenues	(58)	(67)	(406)	(74)
Segment Reconciling Items | Segment Reconciling Items, Other Adjustments
Segment Reporting Information [Line Items]
Revenues	0	0	105	0
Segment Reconciling Items | Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests
Segment Reporting Information [Line Items]
Revenues	(17)	(40)	(86)	(111)
Segment Reconciling Items | Closed Block division
Segment Reporting Information [Line Items]
Revenues	1,301	1,482	3,318	4,157
Segment Reconciling Items | Other Divested and Run-off businesses
Segment Reporting Information [Line Items]
Revenues	511	928	1,411	2,813
Intersegment Eliminations | Total PGIM division | PGIM
Segment Reporting Information [Line Items]
Revenues	215	197	640	571
U.S. Businesses | Operating Segments
Segment Reporting Information [Line Items]
Revenues	6,979	$ 6,479	20,616	$ 21,119
Total Assets	$ 549,895		$ 549,895		$ 529,616

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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Asset management and service fees	$ 1,120	$ 1,038	$ 3,144	$ 3,137
Asset-based management fees
Asset management and service fees	930	881	2,644	2,596
Performance-based incentive fees
Asset management and service fees	43	10	73	108
Other fees
Asset management and service fees	$ 147	$ 147	$ 427	$ 433

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Commitments and Contingent Liabilities [Line Items]
Fair value of collateral supporting these assets	$ 569	$ 569	$ 607
Commitments | Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Total outstanding mortgage loan commitments	1,701	1,701	2,129
Portion of commitment where prearrangement to sell to investor exists	959	959	751
Allowance for credit losses	1	1
Change in allowance for credit losses	(1)	(1)
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)	8,968	8,968	7,372
Expected to be funded from separate accounts
Commitments and Contingent Liabilities [Line Items]
Commitments to Purchase Investment (excluding Commercial Mortgage Loans)	120	120	49
Indemnification | Securities Lending and Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Indemnification provided to certain clients for securities lending and securities repurchase transactions	7,328	7,328	5,071
Fair value of related collateral associated with above indemnifications	7,480	7,480	5,204
Accrued liability associated with guarantee	0	0	0
Indemnification | Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Indemnification provided to certain clients for securities lending and securities repurchase transactions	34	34	38
Fair value of related collateral associated with above indemnifications	34	34	37
Indemnification | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Maximum exposure under indemnification agreements for mortgage loans serviced by the Company	2,451	2,451	2,113
First-loss exposure portion of above	718	718	622
Accrued liability associated with guarantee	39	39	19
Allowance for credit losses	18	18
Change in allowance for credit losses	1	0
Guarantees of Asset Values
Commitments and Contingent Liabilities [Line Items]
Guaranteed value of third-parties’ assets	84,088	84,088	80,009
Fair value of collateral supporting these assets	88,425	88,425	81,604
Asset (liability) associated with guarantee, carried at fair value	1	1	1
Other Guarantees
Commitments and Contingent Liabilities [Line Items]
Other guarantees where amount can be determined	52	52	55
Accrued liability associated with guarantee	$ 0	$ 0	$ 0

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Narrative Excluding Litigation) (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Commitments | Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Allowance for credit losses	$ 1	$ 1
Change in allowance for credit losses	(1)	(1)
Purchase Investments
Commitments and Contingent Liabilities [Line Items]
Change in allowance for credit losses	0	$ 0
Indemnification | Securities Lending and Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Guarantor Obligations, Liquidation Proceeds, Percentage		102.00%
Indemnification | Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Guarantor Obligations, Liquidation Proceeds, Percentage		95.00%
Indemnification | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Allowance for credit losses	18	$ 18
Change in allowance for credit losses	1	0
Mortgages subject to loss-sharing arrangements	$ 19,411	$ 19,411		$ 16,878
Weighted-average debt service coverage ratio of mortgages subject to loss-sharing arrangements	1.89	1.89		1.88
Weighted-average loan-to-value ratio of mortgages subject to loss-sharing arrangements	62.00%	62.00%		61.00%
Losses related to indemnifications that were settled		$ 0	$ 0
Indemnification | Minimum | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Percentage share of losses incurred on certain loans serviced		4.00%
Indemnification | 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	$ 9	$ 9		$ 12

Commitments and Contingent Li_5

Commitments and Contingent Liabilities (Assurance IQ Contingent Consideration Liability Narrative) (Details) - USD ($)

3 Months Ended

9 Months Ended

36 Months Ended

Sep. 30, 2020

Jun. 30, 2020

Mar. 31, 2020

Sep. 30, 2019

Jun. 30, 2019

Mar. 31, 2019

Sep. 30, 2020

Sep. 30, 2019

Dec. 31, 2022

Dec. 31, 2019

Oct. 31, 2019

Sep. 04, 2019

Business Acquisition [Line Items]

Net income (loss)

$ 1,507,000,000

$ (2,405,000,000)

$ (270,000,000)

$ 1,425,000,000

$ 738,000,000

$ 937,000,000

$ (1,168,000,000)

$ 3,100,000,000

Share price (usd per share)

$ 83.71

Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Contingent consideration, liability

$ 0

$ 0

$ 105,000,000

Cash | Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Equity interest in acquiree

25.00%

Common Stock | Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Equity interest in acquiree

75.00%

Condition Three | Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Contingent liability, stock based compensation component

$ 900,000,000

Condition Four - Quotient - Denominator | Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Consideration payable, cash and equity interests

$ 400,000,000

Condition Four - Multiplier | Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Consideration payable, cash and equity interests

1,150,000,000

Subsequent Event | Condition One | Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Net income (loss)

$ 900,000,000

Subsequent Event | Condition Four - Quotient - Numerator | Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Net income (loss)

900,000,000

Minimum | Condition One | Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Consideration payable, cash and equity interests

0

Minimum | Subsequent Event | Condition Two | Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Net income (loss)

1,300,000,000

Minimum | Subsequent Event | Condition Three | Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Net income (loss)

900,000,000

Maximum | Condition Two | Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Consideration payable, cash and equity interests

$ 1,150,000,000

Maximum | Subsequent Event | Condition Three | Acquisition of Assurance IQ, Inc.

Business Acquisition [Line Items]

Net income (loss)

$ 1,300,000,000

Commitments and Contingent Li_6

Commitments and Contingent Liabilities (Litigation Narrative) (Details) $ in Millions	Sep. 30, 2020USD ($)
Loss Contingencies [Line Items]
Estimate of possible losses in excess of accruals (less than) for litigation and regulatory matters	$ 250