Genworth Financial (GNW) 10-Q 1 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 24, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	GENWORTH FINANCIAL INC
Entity Central Index Key	0001276520
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Trading Symbol	GNW
Entity Common Stock, Shares Outstanding		503,314,344
Entity Emerging Growth Company	false
Entity Small Business	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Assets
Fixed maturity securities available-for-sale, at fair value	$ 61,360	$ 59,661
Equity securities, at fair value	635	655
Commercial mortgage loans ($59 and $62 are restricted as of March 31, 2019 and December 31, 2018, respectively, related to a securitization entity)	6,988	6,749
Policy loans	1,994	1,861
Other invested assets	1,208	1,188
Total investments	72,185	70,114
Cash, cash equivalents and restricted cash	2,221	2,177
Accrued investment income	726	675
Deferred acquisition costs	2,219	3,263
Intangible assets and goodwill	265	347
Reinsurance recoverable	17,257	17,278
Other assets	532	474
Deferred tax asset	573	736
Separate account assets	6,210	5,859
Total assets	102,188	100,923
Liabilities and equity
Future policy benefits	38,369	37,940
Policyholder account balances	22,651	22,968
Liability for policy and contract claims	10,536	10,379
Unearned premiums	3,482	3,546
Other liabilities	1,682	1,682
Non-recourse funding obligations	311	311
Long-term borrowings	4,035	4,025
Deferred tax liability	30	24
Separate account liabilities	6,210	5,859
Total liabilities	87,306	86,734
Commitments and contingencies
Equity:
Class A common stock, $0.001 par value; 1.5 billion shares authorized; 591 million and 589 million shares issued as of March 31, 2019 and December 31, 2018, respectively; 503 million and 501 million shares outstanding as of March 31, 2019 and December 31, 2018, respectively	1	1
Additional paid-in capital	11,989	11,987
Net unrealized investment gains (losses):
Net unrealized gains (losses) on securities not other-than-temporarily impaired	932	585
Net unrealized gains (losses) on other-than-temporarily impaired securities	11	10
Net unrealized investment gains (losses)	943	595
Derivatives qualifying as hedges	1,850	1,781
Foreign currency translation and other adjustments	(301)	(332)
Total accumulated other comprehensive income (loss)	2,492	2,044
Retained earnings	1,292	1,118
Treasury stock, at cost (88 million shares as of March 31, 2019 and December 31, 2018)	(2,700)	(2,700)
Total Genworth Financial, Inc.'s stockholders' equity	13,074	12,450
Noncontrolling interests	1,808	1,739
Total equity	14,882	14,189
Total liabilities and equity	$ 102,188	$ 100,923

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Restricted commercial mortgage loans related to securitization entities	$ 59	$ 62
Class A common stock, par value	$ 0.001	$ 0.001
Class A common stock, shares authorized	1,500,000,000	1,500,000,000
Class A common stock, shares issued	591,000,000	589,000,000
Class A common stock, shares outstanding	503,000,000	501,000,000
Treasury stock, shares	88,000,000	88,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues:
Premiums	$ 1,114	$ 1,140
Net investment income	829	804
Net investment gains (losses)	74	(31)
Policy fees and other income	187	202
Total revenues	2,204	2,115
Benefits and expenses:
Benefits and other changes in policy reserves	1,301	1,311
Interest credited	147	156
Acquisition and operating expenses, net of deferrals	251	240
Amortization of deferred acquisition costs and intangibles	91	104
Interest expense	72	76
Total benefits and expenses	1,862	1,887
Income before income taxes	342	228
Provision for income taxes	112	63
Net income	230	165
Less: net income attributable to noncontrolling interests	56	53
Net income available to Genworth Financial, Inc.'s common stockholders	$ 174	$ 112
Net income available to Genworth Financial, Inc.'s common stockholders per share:
Basic	$ 0.35	$ 0.22
Diluted	$ 0.34	$ 0.22
Weighted-average common shares outstanding:
Basic	501.2	499.6
Diluted	508.6	502.7
Supplemental disclosures:
Total other-than-temporary impairments	$ 0	$ 0
Portion of other-than-temporary impairments included in other comprehensive income (loss)	0	0
Net other-than-temporary impairments	0	0
Other investments gains (losses)	74	(31)
Total net investment gains (losses)	$ 74	$ (31)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net income	$ 230	$ 165
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired	379	(341)
Net unrealized gains (losses) on other-than-temporarily impaired securities	1
Derivatives qualifying as hedges	69	(152)
Foreign currency translation and other adjustments	54	(87)
Total other comprehensive income (loss)	503	(580)
Total comprehensive income (loss)	733	(415)
Less: comprehensive income attributable to noncontrolling interests	111	4
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	$ 622	$ (419)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions	Total	Common stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Retained earnings	Treasury stock, at cost	Total Genworth Financial, Inc.'s stockholders' equity	Noncontrolling interests
Balances, beginning at Dec. 31, 2017	$ 15,328	$ 1	$ 11,977	$ 3,027	$ 1,113	$ (2,700)	$ 13,418	$ 1,910
Cumulative effect of change in accounting, net of taxes	17			131	(114)		17
Repurchase of subsidiary shares	(36)							(36)
Comprehensive income (loss):
Net income	165				112		112	53
Other comprehensive income (loss), net of taxes	(580)			(531)			(531)	(49)
Total comprehensive income (loss)	(415)						(419)	4
Dividends to noncontrolling interests	(36)							(36)
Stock-based compensation expense and exercises and other	4		2				2	2
Balances, ending at Mar. 31, 2018	14,862	1	11,979	2,627	1,111	(2,700)	13,018	1,844
Balances, beginning at Dec. 31, 2018	14,189	1	11,987	2,044	1,118	(2,700)	12,450	1,739
Repurchase of subsidiary shares	(12)							(12)
Comprehensive income (loss):
Net income	230				174		174	56
Other comprehensive income (loss), net of taxes	503			448			448	55
Total comprehensive income (loss)	733						622	111
Dividends to noncontrolling interests	(28)							(28)
Stock-based compensation expense and exercises and other			2				2	(2)
Balances, ending at Mar. 31, 2019	$ 14,882	$ 1	$ 11,989	$ 2,492	$ 1,292	$ (2,700)	$ 13,074	$ 1,808

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 230	$ 165
Adjustments to reconcile net income to net cash from operating activities:
Amortization of fixed maturity securities discounts and premiums	(16)	(25)
Net investment (gains) losses	(74)	31
Charges assessed to policyholders	(165)	(178)
Acquisition costs deferred	(17)	(18)
Amortization of deferred acquisition costs and intangibles	91	104
Deferred income taxes	75	26
Derivative instruments and limited partnerships	(30)	(152)
Stock-based compensation expense	7	7
Change in certain assets and liabilities:
Accrued investment income and other assets	(258)	(45)
Insurance reserves	301	377
Current tax liabilities	8	(39)
Other liabilities, policy and contract claims and other policy-related balances	(18)	(144)
Net cash from operating activities	134	109
Cash flows from (used by) investing activities:
Fixed maturity securities	902	934
Commercial mortgage loans	127	205
Restricted commercial mortgage loans related to a securitization entity	3	8
Proceeds from sales of investments:
Fixed maturity and equity securities	1,714	792
Purchases and originations of investments:
Fixed maturity and equity securities	(2,128)	(2,013)
Commercial mortgage loans	(370)	(199)
Other invested assets, net	17	104
Policy loans, net	12	2
Net cash from (used by) investing activities	277	(167)
Cash flows from (used by) financing activities:
Deposits to universal life and investment contracts	198	255
Withdrawals from universal life and investment contracts	(581)	(591)
Proceeds from issuance of long-term debt		441
Repayment of borrowings related to a securitization entity		(8)
Repurchase of subsidiary shares	(12)	(36)
Dividends paid to noncontrolling interests	(28)	(36)
Other, net	48	22
Net cash from (used by) financing activities	(375)	47
Effect of exchange rate changes on cash, cash equivalents and restricted cash	8	(21)
Net change in cash, cash equivalents and restricted cash	44	(32)
Cash, cash equivalents and restricted cash at beginning of period	2,177	2,875
Cash, cash equivalents and restricted cash at end of period	$ 2,221	$ 2,843

Formation of Genworth and Basis

Formation of Genworth and Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Formation of Genworth and Basis of Presentation	(1) Formation of Genworth and Basis of Presentation Genworth Holdings, Inc. (“Genworth Holdings”) (formerly known as Genworth Financial, Inc.) was incorporated in Delaware in 2003 in preparation for an initial public offering (“IPO”) of Genworth’s common stock, which was completed on May 28, 2004. On April 1, 2013, Genworth Holdings completed a holding company reorganization pursuant to which Genworth Holdings became a direct, 100% owned subsidiary of a new public holding company that it had formed. The new public holding company was incorporated in Delaware on December 5, 2012, in connection with the reorganization, and was renamed Genworth Financial, Inc. (“Genworth Financial”) upon the completion of the reorganization. On October 21, 2016, Genworth Financial entered into an agreement and plan of merger (the “Merger Agreement”) with Asia Pacific Global Capital Co., Ltd. (“Parent”), a limited liability company incorporated in the People’s Republic of China and a subsidiary of China Oceanwide Holdings Group Co., Ltd., a limited liability company incorporated in the People’s Republic of China (together with its affiliates, “China Oceanwide”), and Asia Pacific Global Capital USA Corporation (“Merger Sub”), a Delaware corporation and an indirect, wholly-owned subsidiary of Asia Pacific Insurance USA Holdings LLC (“Asia Pacific Insurance”), which is a Delaware limited liability company and owned by China Oceanwide, pursuant to which, subject to the terms and conditions set forth therein, Merger Sub would merge with and into Genworth Financial with Genworth Financial surviving the merger as an indirect, wholly-owned subsidiary of Asia Pacific Insurance. China Oceanwide has agreed to acquire all of our outstanding common stock for a total transaction value of approximately $2.7 billion, or $5.43 per share in cash. At a special meeting held on March 7, 2017, Genworth Financial’s stockholders voted on and approved a proposal to adopt the Merger Agreement. The closing of the transaction remains subject to other closing conditions and approvals. The accompanying unaudited condensed financial statements include on a consolidated basis the accounts of Genworth Financial and the affiliate companies in which it holds a majority voting interest or where it is the primary beneficiary of a variable interest entity (“VIE”). All intercompany accounts and transactions have been eliminated in consolidation. References to “Genworth,” the “Company,” “we” or “our” in the accompanying unaudited condensed consolidated financial statements and these notes thereto are, unless the context otherwise requires, to Genworth Financial on a consolidated basis. We operate our business through the following five operating segments: • U.S. Mortgage Insurance. • Canada Mortgage Insurance. • Australia Mortgage Insurance. • U.S. Life Insurance. • Runoff. non-strategic non-strategic In addition to our five operating business segments, we also have Corporate and Other activities which include debt financing expenses that are incurred at the Genworth Holdings level, unallocated corporate income and expenses, eliminations of inter-segment transactions and the results of other businesses that are managed outside of our operating segments, including certain smaller international mortgage insurance businesses. The accompanying condensed consolidated financial statements are unaudited and have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Preparing financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect reported amounts and related disclosures. Actual results could differ from those estimates. These unaudited condensed consolidated financial statements include all adjustments (including normal recurring adjustments) considered necessary by management to present a fair statement of the financial position, results of operations and cash flows for the periods presented. The results reported in these unaudited condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. The unaudited condensed consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and related notes contained in our 2018 Annual Report on Form 10-K.

Accounting Changes

Accounting Changes	3 Months Ended
	Mar. 31, 2019
Disclosue of Accounting Changes [Abstract]
Accounting Changes	(2) Accounting Changes Accounting Pronouncements Recently Adopted On January 1, 2019, we adopted new accounting guidance related to benchmark interest rates used in derivative hedge accounting. The guidance adds an additional permissible U.S. benchmark interest rate, the Secured Overnight Financing Rate, for hedge accounting purposes. We adopted this new accounting guidance using the prospective method, which did not have any impact on our condensed consolidated financial statements and disclosures. On January 1, 2019, we adopted new accounting guidance related to accounting for nonemployee share-based payments. The guidance aligns the measurement and classification of share-based payments to nonemployees issued in exchange for goods or services with the guidance for share-based payments to employees, with certain exceptions. We adopted this new accounting guidance using the modified retrospective method. This guidance is consistent with our previous accounting practices and, accordingly, had no impact on our consolidated financial statements at adoption. On January 1, 2019, we adopted new accounting guidance related to shortening the amortization period of certain callable debt securities held at a premium. The guidance requires the premium to be amortized to the earliest call date. This change does not apply to securities held at a discount. We adopted this new accounting guidance using the modified retrospective method, which had no significant impact on our consolidated financial statements at adoption. On January 1, 2019, we adopted new accounting guidance related to the accounting for leases. The new guidance generally requires lessees to recognize both a right-of-use asset and a corresponding lease liability on the balance sheet. We adopted this new accounting guidance using the effective date transition method, which permits entities to apply the new lease standard using a modified retrospective transition approach at the date of adoption. As such, historical periods will continue to be measured and presented under the previous guidance while current and future periods will be subject to this new accounting guidance. The package of practical expedients was also elected upon adoption. Upon adoption we recorded a $60 . Our leased assets are classified as operating leases and consist of office space in 14 locations primarily in the United States, Canada and Australia. Lease payments included in the calculation of our lease liability include fixed amounts contained within each rental agreement and variable lease payments that are based upon an index or rate. We have elected to combine lease and non-lease components, as permitted under this new accounting guidance, as a result, non-lease components are included in the calculation of our lease liability as opposed to being separated and accounted for as consideration under the new revenue recognition standard. Our remaining lease terms range from 1 to 14 years and have a weighted-average remaining lease term of 7.6 years as of March 31, 2019. The implicit rate of our lease agreements was not readily determinable; therefore, we utilized our incremental borrowing rate to discount future lease payments. The weighted-average discount rate was 6.24% as of March 31, 2019. Our aggregate annual rental expense for all leases under the previous guidance was approximately $11 million. Annual rental expense and future minimum lease payments are not expected to be materially different under this new accounting guidance. Accounting Pronouncements Not Yet Adopted In August 2018, the • assumptions will no longer be locked-in at contract inception and all cash flow assumptions used to estimate the liability for future policy benefits will be reviewed at least annually in the same period each year or more frequently if actual experience indicates a change is required; • changes in cash flow assumptions (except the discount rate) will be recorded in net income (loss) using a retrospective approach with a cumulative catch-up adjustment by recalculating the net premium ratio (which will be capped at 100%) using actual historical and updated future cash flow assumptions; • the discount rate used to determine the liability for future policy benefits will be a current upper-medium grade (low credit risk) fixed-income instrument yield, which is generally interpreted to mean a single-A rated bond rate for the same duration, and is required to be reviewed quarterly, with changes in the discount rate recorded in other comprehensive income (loss); • the provision for adverse deviation and the premium deficiency test will be eliminated; • market risk benefits associated with deposit-type contracts will be measured at fair value with changes recorded in net income (loss); • the amortization method for DAC will generally be on a straight-line basis over the expected contract term; and • disclosures will be greatly expanded to include significant assumptions and product liability rollforwards. The guidance is currently effective for us on January 1, 2021 using the modified retrospective method, with early adoption permitted. We are in process of evaluating the new guidance and the impact it will have on our consolidated financial statements. In August 2018, the FASB issued new accounting guidance related to disclosure requirements for defined benefit plans as part of its disclosure framework project. The guidance adds, eliminates and modifies certain disclosure requirements for defined benefit pension and other postretirement benefit plans. The guidance is currently effective for us on January 1, 2020 using the retrospective method, with early adoption permitted. We do not expect any significant impact from this guidance on our consolidated financial statements and disclosures. In August 2018, the FASB issued new accounting guidance related to fair value disclosure requirements as part of its disclosure framework project. The guidance adds, eliminates and modifies certain disclosure requirements for fair value measurements. The guidance includes new disclosure requirements related to the change in unrealized gains and losses included in other comprehensive income (loss) for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted-average of significant unobservable inputs used to develop Level 3 fair value measurements. The guidance is currently effective for us on January 1, 2020 using the prospective method for certain disclosures and the retrospective method for all other disclosures. Early adoption of either the entire standard or only the provisions that eliminate or modify the requirements is permitted. We are in process of evaluating the impact the guidance may have on our consolidated financial statements and disclosures. In June 2016, the FASB issued new accounting guidance related to accounting for credit losses on financial instruments. The guidance requires that entities recognize an allowance equal to its estimate of lifetime expected credit losses and applies to most debt instruments not measured at fair value, which would primarily include our commercial mortgage loans and reinsurance receivables. The new guidance retains most of the existing impairment guidance for available-for-sale debt securities but amends the presentation of credit losses to be presented as an allowance as opposed to a write-down and permits the reversal of credit losses when reassessing changes in the credit losses each reporting period. The new guidance is effective for us on January 1, 2020, with early adoption permitted beginning January 1, 2019. Upon adoption, the modified retrospective method will be used and a cumulative effect adjustment in retained earnings as of the beginning of the year of adoption will be recorded. We are in process of evaluating the impact the guidance may have on our consolidated financial statements.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share	(3) Earnings Per Share Basic and diluted earnings per share are calculated by dividing each income category presented below by the weighted-average basic and diluted common shares outstanding for the periods indicated: Three months ended March 31, (Amounts in millions, except per share amounts) 2019 2018 Weighted-average shares used in basic earnings per share calculations 501.2 499.6 Potentially dilutive securities: Stock options, restricted stock units and stock appreciation rights 7.4 3.1 Weighted-average shares used in diluted earnings per share calculations 508.6 502.7 Net income: Net income $ 230 $ 165 Less: net income attributable to noncontrolling interests 56 53 Net income available to Genworth Financial, Inc.’s common stockholders $ 174 $ 112 Basic earnings per share: Net income $ 0.46 $ 0.33 Less: net income attributable to noncontrolling interests 0.11 0.11 Net income available to Genworth Financial, Inc.’s common stockholders $ 0.35 $ 0.22 Diluted earnings per share: Net income $ 0.45 $ 0.33 Less: net income attributable to noncontrolling interests 0.11 0.10 Net income available to Genworth Financial, Inc.’s common stockholders (1) $ 0.34 $ 0.22 (1) May not total due to whole number calculation.

Investments

Investments	3 Months Ended
	Mar. 31, 2019
Investments	(4) Investments (a) Net Investment Income Sources of net investment income were as follows for the periods indicated: Three months ended March 31, (Amounts in millions) 2019 2018 Fixed maturity securities—taxable $ 643 $ 635 Fixed maturity securities—non-taxable 2 3 Equity securities 9 10 Commercial mortgage loans 81 82 Restricted commercial mortgage loans related to a securitization entity 1 2 Policy loans 46 43 Other invested assets 59 39 Cash, cash equivalents, restricted cash and short-term investments 12 12 Gross investment income before expenses and fees 853 826 Expenses and fees (24 ) (22 ) Net investment income $ 829 $ 804 (b) Net Investment Gains (Losses) The following table sets forth net investment gains (losses) for the periods indicated: Three months ended March 31, (Amounts in millions) 2019 2018 Available-for-sale securities: Realized gains $ 81 $ 7 Realized losses (22 ) (16 ) Net realized gains (losses) on available-for-sale securities 59 (9 ) Impairments: Total other-than-temporary impairments — — Portion of other-than-temporary impairments included in other comprehensive income — — Net realized gains (losses) on equity securities sold 3 2 Net unrealized gains (losses) on equity securities still held 8 (18 ) Limited partnerships 15 7 Commercial mortgage loans (1 ) — Derivative instruments (1) (10 ) (13 ) Net investment gains (losses) $ 74 $ (31 ) (1) See note 5 for additional information on the impact of derivative instruments included in net investment gains (losses). We generally intend to hold securities in unrealized loss positions until they recover. However, from time to time, our intent on an individual security may change, based upon market or other unforeseen developments. In such instances, we sell securities in the ordinary course of managing our portfolio to meet diversification, credit quality, yield and liquidity requirements. If a loss is recognized from a sale subsequent to a balance sheet date due to these unexpected developments, the loss is recognized in the period in which we determined that we have the intent to sell the securities or it is more likely than not that we will be required to sell the securities prior to recovery. The aggregate fair value of securities sold at a loss during the three months ended March 31, 2019 and 2018 was $763 million and $619 million, respectively, which was approximately 97% and 98%, respectively, of book value. The following represents the activity for credit losses recognized in net income on debt securities where an other-than-temporary impairment was identified and a portion of other-than-temporary impairments was included in other comprehensive income (“OCI”) as of and for the three months ended March 31: (Amounts in millions) 2019 2018 Beginning balance $ 24 $ 32 Reductions: Securities sold, paid down or disposed (1 ) (4 ) Ending balance $ 23 $ 28 (c) Unrealized Investment Gains and Losses Net unrealized gains and losses on available-for-sale investment securities reflected as a separate component of accumulated other comprehensive income (loss) were as follows as of the dates indicated: (Amounts in millions) March 31, 2019 December 31, 2018 Net unrealized gains (losses) on fixed maturity securities (1) $ 3,714 $ 1,775 Adjustments to deferred acquisition costs, present value of future profits, sales inducements and benefit reserves (2,401 ) (952 ) Income taxes, net (300 ) (190 ) Net unrealized investment gains (losses) 1,013 633 Less: net unrealized investment gains (losses) attributable to noncontrolling interests 70 38 Net unrealized investment gains (losses) attributable to Genworth Financial, Inc. $ 943 $ 595 (1) Excludes foreign exchange. The change in net unrealized gains (losses) on available-for-sale investment securities reported in accumulated other comprehensive income was as follows as of and for the three months ended March 31: (Amounts in millions) 2019 2018 Beginning balance $ 595 $ 1,085 Cumulative effect of changes in accounting: Stranded tax effects — 189 Recognition and measurement of financial assets and liabilities, net of taxes of $— and $18 — (25 ) Total cumulative effect of changes in accounting — 164 Unrealized gains (losses) arising during the period: Unrealized gains (losses) on investment securities 1,999 (1,681 ) Adjustment to deferred acquisition costs (989 ) 442 Adjustment to present value of future profits (53 ) 36 Adjustment to sales inducements (19 ) 20 Adjustment to benefit reserves (388 ) 740 Provision for income taxes (123 ) 95 Change in unrealized gains (losses) on investment securities 427 (348 ) Reclassification adjustments to net investment (gains) losses, net of taxes of $13 and $(1) (47 ) 7 Change in net unrealized investment gains (losses) 380 (341 ) Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests 32 (9 ) Ending balance $ 943 $ 917 (d) Fixed Maturity Securities As of March 31, 2019, the amortized cost or cost, gross unrealized gains (losses) and fair value of our fixed maturity securities classified as available-for-sale were as follows: Gross unrealized gains Gross unrealized losses Amortized Not other-than- Other-than- Not other-than- Other-than- cost or temporarily temporarily temporarily temporarily Fair (Amounts in millions) cost impaired impaired impaired impaired value Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 4,116 $ 619 $ — $ (4 ) $ — $ 4,731 State and political subdivisions 2,329 223 — (6 ) — 2,546 Non-U.S. government 2,403 121 — (6 ) — 2,518 U.S. corporate: Utilities 4,296 426 — (37 ) — 4,685 Energy 2,447 186 — (15 ) — 2,618 Finance and insurance 6,883 405 — (37 ) — 7,251 Consumer—non-cyclical 4,905 407 — (55 ) — 5,257 Technology and communications 2,832 161 — (19 ) — 2,974 Industrial 1,194 67 — (12 ) — 1,249 Capital goods 2,283 225 — (19 ) — 2,489 Consumer—cyclical 1,579 83 — (16 ) — 1,646 Transportation 1,271 107 — (16 ) — 1,362 Other 379 33 — (1 ) — 411 Total U.S. corporate 28,069 2,100 — (227 ) — 29,942 Non-U.S. corporate: Utilities 1,100 36 — (9 ) — 1,127 Energy 1,327 124 — (4 ) — 1,447 Finance and insurance 2,434 129 — (9 ) — 2,554 Consumer—non-cyclical 699 19 — (9 ) — 709 Technology and communications 1,151 52 — (6 ) — 1,197 Industrial 920 56 — (3 ) — 973 Capital goods 644 21 — (3 ) — 662 Consumer—cyclical 537 8 — (4 ) — 541 Transportation 756 65 — (6 ) — 815 Other 2,127 139 — (6 ) — 2,260 Total non-U.S. corporate 11,695 649 — (59 ) — 12,285 Residential mortgage-backed 2,762 181 13 (6 ) — 2,950 Commercial mortgage-backed 2,946 64 — (48 ) — 2,962 Other asset-backed 3,422 18 1 (15 ) — 3,426 Total available-for-sale fixed maturity securities $ 57,742 $ 3,975 $ 14 $ (371 ) $ — $ 61,360 As of December 31, 2018, the amortized cost or cost, gross unrealized gains (losses) and fair value of our fixed maturity securities classified as available-for-sale were as follows: Gross unrealized gains Gross unrealized losses Amortized Not other-than- Other-than- Not other-than- Other-than- cost or temporarily temporarily temporarily temporarily Fair (Amounts in millions) cost impaired impaired impaired impaired value Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 4,175 $ 473 $ — $ (17 ) $ — $ 4,631 State and political subdivisions 2,406 168 — (22 ) — 2,552 Non-U.S. government 2,345 72 — (24 ) — 2,393 U.S. corporate: Utilities 4,439 331 — (95 ) — 4,675 Energy 2,382 101 — (64 ) — 2,419 Finance and insurance 6,705 249 — (132 ) — 6,822 Consumer—non-cyclical 4,891 294 — (137 ) — 5,048 Technology and communications 2,823 110 — (78 ) — 2,855 Industrial 1,230 41 — (33 ) — 1,238 Capital goods 2,277 165 — (51 ) — 2,391 Consumer—cyclical 1,592 53 — (48 ) — 1,597 Transportation 1,283 78 — (41 ) — 1,320 Other 376 24 — (3 ) — 397 Total U.S. corporate 27,998 1,446 — (682 ) — 28,762 Non-U.S. corporate: Utilities 1,056 17 — (32 ) — 1,041 Energy 1,320 72 — (23 ) — 1,369 Finance and insurance 2,391 72 — (40 ) — 2,423 Consumer—non-cyclical 756 8 — (25 ) — 739 Technology and communications 1,168 23 — (26 ) — 1,165 Industrial 926 36 — (17 ) — 945 Capital goods 615 10 — (10 ) — 615 Consumer—cyclical 532 1 — (13 ) — 520 Transportation 689 46 — (15 ) — 720 Other 2,218 105 — (23 ) — 2,300 Total non-U.S. corporate 11,671 390 — (224 ) — 11,837 Residential mortgage-backed 2,888 160 13 (17 ) — 3,044 Commercial mortgage-backed 3,054 43 — (81 ) — 3,016 Other asset-backed 3,444 10 1 (29 ) — 3,426 Total available-for-sale fixed maturity securities $ 57,981 $ 2,762 $ 14 $ (1,096 ) $ — $ 59,661 The following table presents the gross unrealized losses and fair values of our fixed maturity securities, aggregated by investment type and length of time that individual fixed maturity securities have been in a continuous unrealized loss position, as of March 31, 2019: Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Number of Fair unrealized Number of Fair unrealized Number of (Dollar amounts in millions) value losses securities value losses securities value losses securities Description of Securities Fixed maturity securities: U.S. government, agencies and government-sponsored $ — $ — — $ 229 $ (4) 31 $ 229 $ (4) 31 State and political subdivisions 11 — 3 259 (6 ) 60 270 (6 ) 63 Non-U.S. government 62 — 11 331 (6 ) 36 393 (6 ) 47 U.S. corporate 1,247 (37 ) 153 5,003 (190 ) 698 6,250 (227 ) 851 Non-U.S. corporate 354 (6 ) 57 1,922 (53 ) 296 2,276 (59 ) 353 Residential mortgage-backed 46 (1 ) 9 476 (5 ) 85 522 (6 ) 94 Commercial mortgage-backed 168 (4 ) 22 933 (44 ) 143 1,101 (48 ) 165 Other asset-backed 981 (10 ) 209 707 (5 ) 162 1,688 (15 ) 371 Total for fixed maturity securities in an unrealized loss position $ 2,869 $ (58 ) 464 $ 9,860 $ (313 ) 1,511 $ 12,729 $ (371 ) 1,975 % Below cost: <20% Below cost $ 2,869 $ (58 ) 464 $ 9,839 $ (304 ) 1,505 $ 12,708 $ (362 ) 1,969 20%-50% Below cost — — — 18 (6 ) 3 18 (6 ) 3 >50% Below cost — — — 3 (3 ) 3 3 (3 ) 3 Total for fixed maturity securities in an unrealized loss position $ 2,869 $ (58 ) 464 $ 9,860 $ (313 ) 1,511 $ 12,729 $ (371 ) 1,975 Investment grade $ 2,639 $ (51 ) 434 $ 9,439 $ (292 ) 1,446 $ 12,078 $ (343 ) 1,880 Below investment grade 230 (7 ) 30 421 (21 ) 65 651 (28 ) 95 Total for fixed maturity securities in an unrealized loss position $ 2,869 $ (58 ) 464 $ 9,860 $ (313 ) 1,511 $ 12,729 $ (371 ) 1,975 The following table presents the gross unrealized losses and fair values of our corporate securities, aggregated by investment type and length of time that individual investment securities have been in a continuous unrealized loss position, based on industry, as of March 31, 2019: Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Number of Fair unrealized Number of Fair unrealized Number of (Dollar amounts in millions) value losses securities value losses securities value losses securities Description of Securities U.S. corporate: Utilities $ 217 $ (7 ) 22 $ 697 $ (30 ) 103 $ 914 $ (37 ) 125 Energy 60 — 15 368 (15 ) 49 428 (15 ) 64 Finance and insurance 203 (5 ) 27 1,398 (32 ) 198 1,601 (37 ) 225 Consumer— 313 (13 ) 27 813 (42 ) 104 1,126 (55 ) 131 Technology and communications 95 (4 ) 17 446 (15 ) 66 541 (19 ) 83 Industrial 98 (2 ) 10 193 (10 ) 27 291 (12 ) 37 Capital goods 87 (2 ) 15 359 (17 ) 48 446 (19 ) 63 Consumer—cyclical 59 — 12 397 (16 ) 53 456 (16 ) 65 Transportation 99 (3 ) 7 316 (13 ) 49 415 (16 ) 56 Other 16 (1 ) 1 16 — 1 32 (1 ) 2 Subtotal, U.S. corporate 1,247 (37 ) 153 5,003 (190 ) 698 6,250 (227 ) 851 Non-U.S. corporate: Utilities 24 — 2 259 (9 ) 30 283 (9 ) 32 Energy 29 — 4 187 (4 ) 26 216 (4 ) 30 Finance and insurance 39 — 9 475 (9 ) 73 514 (9 ) 82 Consumer— 38 (1 ) 9 208 (8 ) 25 246 (9 ) 34 Technology and communications 89 (2 ) 7 136 (4 ) 28 225 (6 ) 35 Industrial 8 — 4 135 (3 ) 18 143 (3 ) 22 Capital goods 23 — 4 116 (3 ) 16 139 (3 ) 20 Consumer—cyclical 37 (1 ) 6 128 (3 ) 25 165 (4 ) 31 Transportation 38 (1 ) 6 102 (5 ) 18 140 (6 ) 24 Other 29 (1 ) 6 176 (5 ) 37 205 (6 ) 43 Subtotal, non-U.S. corporate 354 (6 ) 57 1,922 (53 ) 296 2,276 (59 ) 353 Total for corporate securities in an unrealized loss position $ 1,601 $ (43 ) 210 $ 6,925 $ (243 ) 994 $ 8,526 $ (286 ) 1,204 For all securities in an unrealized loss position, we expect to recover the amortized cost based on our estimate of the amount and timing of cash flows to be collected. We do not intend to sell nor do we expect that we will be required to sell these securities prior to recovering our amortized cost. The following table presents the gross unrealized losses and fair values of our fixed maturity securities, aggregated by investment type and length of time that individual fixed maturity securities have been in a continuous unrealized loss position, as of December 31, 2018: Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Number of Fair unrealized Number of Fair unrealized Number of (Dollar amounts in millions) value losses securities value losses securities value losses securities Description of Securities Fixed maturity securities: U.S. government, agencies and government-sponsored $ 545 $ (8 ) 17 $ 161 $ (9 ) 26 $ 706 $ (17 ) 43 State and political subdivisions 371 (10 ) 63 233 (12 ) 57 604 (22 ) 120 Non-U.S. government 261 (7 ) 51 508 (17 ) 35 769 (24 ) 86 U.S. corporate 9,975 (472 ) 1,342 2,449 (210 ) 365 12,424 (682 ) 1,707 Non-U.S. corporate 4,172 (150 ) 614 1,274 (74 ) 209 5,446 (224 ) 823 Residential mortgage-backed 363 (6 ) 57 579 (11 ) 96 942 (17 ) 153 Commercial mortgage-backed 758 (19 ) 115 870 (62 ) 130 1,628 (81 ) 245 Other asset-backed 1,597 (23 ) 326 604 (6 ) 137 2,201 (29 ) 463 Total for fixed maturity securities in $ 18,042 $ (695 ) 2,585 $ 6,678 $ (401 ) 1,055 $ 24,720 $ (1,096 ) 3,640 % Below cost—fixed maturity <20% Below cost $ 18,008 $ (685 ) 2,581 $ 6,624 $ (383 ) 1,045 $ 24,632 $ (1,068 ) 3,626 20%-50% Below cost 34 (10 ) 4 54 (18 ) 10 88 (28 ) 14 Total for fixed maturity securities in $ 18,042 $ (695 ) 2,585 $ 6,678 $ (401 ) 1,055 $ 24,720 $ (1,096 ) 3,640 Investment grade $ 16,726 $ (615 ) 2,393 $ 6,508 $ (379 ) 1,024 $ 23,234 $ (994 ) 3,417 Below investment grade 1,316 (80 ) 192 170 (22 ) 31 1,486 (102 ) 223 Total for fixed maturity securities in $ 18,042 $ (695 ) 2,585 $ 6,678 $ (401 ) 1,055 $ 24,720 $ (1,096 ) 3,640 The following table presents the gross unrealized losses and fair values of our corporate securities, aggregated by investment type and length of time that individual investment securities have been in a continuous unrealized loss position, based on industry, as of December 31, 2018: Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Number of Fair unrealized Number of Fair unrealized Number of (Dollar amounts in millions) value losses securities value losses securities value losses securities Description of Securities U.S. corporate: Utilities $ 1,246 $ (61 ) 173 $ 343 $ (34 ) 60 $ 1,589 $ (95 ) 233 Energy 944 (47 ) 135 152 (17 ) 23 1,096 (64 ) 158 Finance and insurance 2,393 (92 ) 326 688 (40 ) 95 3,081 (132 ) 421 Consumer—non-cyclical 1,826 (101 ) 203 389 (36 ) 55 2,215 (137 ) 258 Technology and communications 1,135 (51 ) 152 263 (27 ) 34 1,398 (78 ) 186 Industrial 506 (27 ) 63 74 (6 ) 13 580 (33 ) 76 Capital goods 704 (31 ) 103 184 (20 ) 27 888 (51 ) 130 Consumer—cyclical 738 (35 ) 123 162 (13 ) 26 900 (48 ) 149 Transportation 435 (25 ) 60 179 (16 ) 31 614 (41 ) 91 Other 48 (2 ) 4 15 (1 ) 1 63 (3 ) 5 Subtotal, U.S. corporate 9,975 (472 ) 1,342 2,449 (210 ) 365 12,424 (682 ) 1,707 Non-U.S. corporate: Utilities 404 (19 ) 58 173 (13 ) 24 577 (32 ) 82 Energy 439 (15 ) 64 136 (8 ) 20 575 (23 ) 84 Finance and insurance 899 (25 ) 151 294 (15 ) 52 1,193 (40 ) 203 Consumer—non-cyclical 377 (16 ) 51 102 (9 ) 14 479 (25 ) 65 Technology and communications 611 (24 ) 75 50 (2 ) 12 661 (26 ) 87 Industrial 275 (11 ) 48 72 (6 ) 8 347 (17 ) 56 Capital goods 226 (7 ) 27 69 (3 ) 13 295 (10 ) 40 Consumer—cyclical 268 (11 ) 42 117 (2 ) 19 385 (13 ) 61 Transportation 232 (7 ) 27 67 (8 ) 11 299 (15 ) 38 Other 441 (15 ) 71 194 (8 ) 36 635 (23 ) 107 Subtotal, non-U.S. corporate 4,172 (150 ) 614 1,274 (74 ) 209 5,446 (224 ) 823 Total for corporate securities in an unrealized loss position $ 14,147 $ (622 ) 1,956 $ 3,723 $ (284 ) 574 $ 17,870 $ (906 ) 2,530 Amortized cost or Fair (Amounts in millions) cost value Due one year or less $ 2,005 $ 2,021 Due after one year through five years 10,826 11,105 Due after five years through ten years 12,265 12,770 Due after ten years 23,516 26,126 Subtotal 48,612 52,022 Residential mortgage-backed 2,762 2,950 Commercial mortgage-backed 2,946 2,962 Other asset-backed 3,422 3,426 Total $ 57,742 $ 61,360 As of March 31, 2019, securities issued by finance and insurance, consumer—non-cyclical As of March 31, 2019, we did not hold any fixed maturity securities in any single issuer, other than securities issued or guaranteed by the U.S. government, which exceeded 10% of stockholders’ equity. (e) Commercial Mortgage Loans Our mortgage loans are collateralized by commercial properties, including multi-family residential buildings. The carrying value of commercial mortgage loans is stated at original cost net of principal payments, amortization and allowance for loan losses. We diversify our commercial mortgage loans by both property type and geographic region. The following tables set forth the distribution across property type and geographic region for commercial mortgage loans as of the dates indicated: March 31, 2019 December 31, 2018 (Amounts in millions) Carrying % of Carrying % of Property type: Retail $ 2,548 37 % $ 2,463 37 % Industrial 1,678 24 1,659 25 Office 1,671 24 1,548 23 Apartments 520 7 495 7 Mixed use 254 4 254 4 Other 272 4 281 4 Subtotal 6,943 100 % 6,700 100 % Unamortized balance of loan origination fees and costs (4 ) (4 ) Allowance for losses (10 ) (9 ) Total $ 6,929 $ 6,687 March 31, 2019 December 31, 2018 (Amounts in millions) Carrying % of Carrying % of Geographic region: South Atlantic $ 1,739 25 % $ 1,709 26 % Pacific 1,705 25 1,684 25 Middle Atlantic 1,020 15 950 14 Mountain 688 10 667 10 West North Central 486 7 470 7 East North Central 449 6 405 6 West South Central 369 5 364 6 New England 267 4 228 3 East South Central 220 3 223 3 Subtotal 6,943 100 % 6,700 100 % Unamortized balance of loan origination fees and costs (4 ) (4 ) Allowance for losses (10 ) (9 ) Total $ 6,929 $ 6,687 The following tables set forth the aging of past due commercial mortgage loans by property type as of the dates indicated: March 31, 2019 Greater than 31 - 60 days 61 - 90 days 90 days past Total (Amounts in millions) past due past due due past due Current Total Property type: Retail $ — $ — $ — $ — $ 2,548 $ 2,548 Industrial — — — — 1,678 1,678 Office — — 3 3 1,668 1,671 Apartments — — — — 520 520 Mixed use — — — — 254 254 Other — — — — 272 272 Total recorded investment $ — $ — $ 3 $ 3 $ 6,940 $ 6,943 % of total commercial mortgage loans — % — % — % — % 100 % 100 % December 31, 2018 Greater than 31 - 60 days 61 - 90 days 90 days past Total (Amounts in millions) past due past due due past due Current Total Property type: Retail $ 3 $ — $ — $ 3 $ 2,460 $ 2,463 Industrial — — — — 1,659 1,659 Office — — 3 3 1,545 1,548 Apartments — — — — 495 495 Mixed use — — — — 254 254 Other — — — — 281 281 Total recorded investment $ 3 $ — $ 3 $ 6 $ 6,694 $ 6,700 % of total commercial mortgage loans — % — % — % — % 100 % 100 % non-accrual We evaluate the impairment of commercial mortgage loans on an individual loan basis. As of March 31, 2019 and December 31, 2018, our commercial mortgage loans greater than 90 days past due included one impaired loan with a carrying value of $3 million. This loan was modified and the modification was considered to be a troubled debt restructuring. As part of this troubled debt restructuring, we forgave default interest, penalties and fees, and modified the original contractual interest rate but we did not forgive the outstanding principal amount owed by the borrower. This loan’s collateral has an appraised value in excess of the carrying amount and the current carrying amount of this loan is expected to be recoverable. During the three months ended March 31, 2019 and the year ended December 31, 2018, we also modified or extended one and two additional commercial mortgage loans, respectively, with a total carrying value of $11 million and $12 million, respectively. All of these modifications or extensions were based on current market interest rates and did not result in any forgiveness of the outstanding principal amount owed by the borrower. The following table sets forth the allowance for credit losses and recorded investment in commercial mortgage loans as of or for the periods indicated: Three months ended March 31, (Amounts in millions) 2019 2018 Allowance for credit losses: Beginning balance $ 9 $ 9 Charge-offs — — Recoveries — — Provision 1 — Ending balance $ 10 $ 9 Ending allowance for individually impaired loans $ — $ — Ending allowance for loans not individually impaired that were evaluated collectively for impairment $ 10 $ 9 Recorded investment: Ending balance $ 6,943 $ 6,348 Ending balance of individually impaired loans $ 3 $ 6 Ending balance of loans not individually impaired that were evaluated collectively for impairment $ 6,940 $ 6,342 As of March 31, 2019 and December 31, 2018, we had one individual impaired loan within the office property type with a recorded investment and unpaid principal balance of $3 million and as of March 31, 2018, we had one individual impaired loan with an unpaid principal balance of $6 million. In evaluating the credit quality of commercial mortgage loans, we assess the performance of the underlying loans using both quantitative and qualitative criteria. Certain risks associated with commercial mortgage loans can be evaluated by reviewing both the loan-to-value loan-to-value loan-to-value one-time non-recurring The following tables set forth the loan-to-value of commercial mortgage loans by property type as of the dates indicated: March 31, 2019 Greater (Amounts in millions) 0% - 50% 51% - 60% 61% - 75% 76% - 100% than 100% (1) Total Property type: Retail $ 877 $ 537 $ 1,119 $ 15 $ — $ 2,548 Industrial 738 290 634 14 2 1,678 Office 588 371 712 — — 1,671 Apartments 208 90 217 5 — 520 Mixed use 104 45 105 — — 254 Other 43 68 161 — — 272 Total recorded investment $ 2,558 $ 1,401 $ 2,948 $ 34 $ 2 $ 6,943 % of total 37 % 20 % 43 % — % — % 100 % Weighted-average debt service coverage ratio 2.42 1.80 1.58 1.46 0.88 1.93 (1) Included a loan with a recorded investment of $2 million in good standing, where the borrower continued to make timely payments, with a loan-to-value of 104%. We evaluated this loan on an individual basis and as it is in good standing, the current recorded investment is expected to be recoverable. December 31, 2018 Greater (Amounts in millions) 0% - 50% 51% - 60% 61% - 75% 76% - 100% than 100% (1) Total Property type: Retail $ 866 $ 565 $ 1,017 $ 15 $ — $ 2,463 Industrial 749 279 615 14 2 1,659 Office 585 373 588 2 — 1,548 Apartments 206 95 189 5 — 495 Mixed use 105 36 113 — — 254 Other 43 78 160 — — 281 Total recorded investment $ 2,554 $ 1,426 $ 2,682 $ 36 $ 2 $ 6,700 % of total 38 % 21 % 40 % 1 % — % 100 % Weighted-average debt service coverage ratio 2.42 2.04 1.59 1.38 0.88 2.00 (1) Included a loan with a recorded investment of $2 million in good standing, where the borrower continued to make timely payments, with a loan-to-value of 105%. We evaluated this loan on an individual basis and as it is in good standing, the current recorded investment is expected to be recoverable. The following tables set forth the debt service coverage ratio for fixed rate commercial mortgage loans by property type as of the dates indicated: March 31, 2019 Greater (Amounts in millions) Less than 1.00 1.00 - 1.25 1.26 - 1.50 1.51 - 2.00 than 2.00 Total Property type: Retail $ 35 $ 155 $ 572 $ 1,216 $ 570 $ 2,548 Industrial 22 69 259 667 661 1,678 Office 53 56 203 836 523 1,671 Apartments 4 24 108 191 193 520 Mixed use 3 18 52 80 101 254 Other 13 133 52 40 34 272 Total recorded investment $ 130 $ 455 $ 1,246 $ 3,030 $ 2,082 $ 6,943 % of total 2 % 7 % 18 % 43 % 30 % 100 % Weighted-average loan-to-value 56 % 61 % 64 % 59 % 42 % 55 % December 31, 2018 Greater (Amounts in millions) Less than 1.00 1.00 - 1.25 1.26 - 1.50 1.51 - 2.00 than 2.00 Total Property type: Retail $ 43 $ 157 $ 448 $ 1,234 $ 581 $ 2,463 Industrial 22 75 233 653 676 1,659 Office 57 56 156 765 514 1,548 Apartments 4 24 104 168 195 495 Mixed use 3 19 51 80 101 254 Other 13 134 50 50 34 281 Total recorded investment $ 142 $ 465 $ 1,042 $ 2,950 $ 2,101 $ 6,700 % of total 2 % 7 % 16 % 44 % 31 % 100 % Weighted-average loan-to-value 57 % 61 % 62 % 59 % 42 % 54 % (f) Restricted Commercial Mortgage Loans Related To A Securitization Entity We have a consolidated securitization entity that holds commercial mortgage loans that are recorded as restricted commercial mortgage loans related to a securitization entity. Our primary economic interest in this securitization entity represents the excess interest of the commercial mortgage loans. (g) Limited Partnerships or Similar Entities Limited partnerships are accounted for at fair value when our partnership interest is considered minor (generally less than 3% ownership in the limited partnerships) and we exercise no influence over operating and financial policies. If our ownership percentage exceeds that threshold, limited partnerships are accounted for using the equity method of accounting. In applying either method, we use financial information provided by the investee generally on a one-to-three Investments in partnerships or similar entities are generally considered VIEs when the equity group lacks sufficient financial control. Generally, these investments are limited partner or non-managing

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2019
Derivative Instruments	(5) Derivative Instruments Our business activities routinely deal with fluctuations in interest rates, equity prices, currency exchange rates and other asset and liability prices. We use derivative instruments to mitigate or reduce some of these risks. We have established policies for managing each of these risks, including prohibitions on derivatives market-making and other speculative derivatives activities. These policies require the use of derivative instruments in concert with other techniques to reduce or mitigate these risks. While we use derivatives to mitigate or reduce risks, certain derivatives do not meet the accounting requirements to be designated as hedging instruments and are denoted as “derivatives not designated as hedges” in the following disclosures. For derivatives that meet the accounting requirements to be designated as hedges, the following disclosures for these derivatives are denoted as “derivatives designated as hedges,” which include cash flow hedges. The following table sets forth our positions in derivative instruments as of the dates indicated: Derivative assets Derivative liabilities Fair value Fair value Balance March 31, December 31, Balance March 31, December 31, (Amounts in millions) sheet classification 2019 2018 sheet classification 2019 2018 Derivatives designated as Cash flow hedges: Interest rate swaps Other invested assets $ 59 $ 42 Other liabilities $ 49 $ 102 Foreign currency swaps Other invested assets 3 6 Other liabilities — — Total cash flow hedges 62 48 49 102 Total derivatives 62 48 49 102 Derivatives not designated as Interest rate swaps in a foreign currency Other invested assets 46 74 Other liabilities — — Interest rate caps and floors Other invested assets 13 7 Other liabilities — — Foreign currency swaps Other invested assets — — Other liabilities 13 23 Equity index options Other invested assets 60 39 Other liabilities — — Financial futures Other invested assets — — Other liabilities — — Equity return swaps Other invested assets — — Other liabilities 1 1 Other foreign currency Other invested assets 6 10 Other liabilities 25 42 GMWB embedded derivatives Reinsurance (1) 18 20 Policyholder (2) 295 337 Fixed index annuity embedded Other assets — — Policyholder (3) 423 389 Indexed universal life embedded derivatives Reinsurance — — Policyholder (4) 13 12 Total derivatives not 143 150 770 804 Total derivatives $ 205 $ 198 $ 819 $ 906 (1) Represents embedded derivatives associated with the reinsured portion of our guaranteed minimum withdrawal benefits (“GMWB”) liabilities. (2) Represents the embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. (3) Represents the embedded derivatives associated with our fixed index annuity liabilities. (4) Represents the embedded derivatives associated with our indexed universal life liabilities. The fair value of derivative positions presented above was not offset by the respective collateral amounts received or provided under these agreements. The activity associated with derivative instruments can generally be measured by the change in notional value over the periods presented. However, for GMWB, fixed index annuity embedded derivatives and indexed universal life embedded derivatives, the change between periods is best illustrated by the number of policies. The following tables represent activity associated with derivative instruments as of the dates indicated: December 31, Maturities/ March 31, (Notional in millions) Measurement 2018 Additions terminations 2019 Derivatives designated as hedges Cash flow hedges: Interest rate swaps Notional $ 9,924 $ — $ (654 ) $ 9,270 Foreign currency swaps Notional 80 35 (22 ) 93 Total cash flow hedges 10,004 35 (676 ) 9,363 Total derivatives designated as hedges 10,004 35 (676 ) 9,363 Derivatives not designated as hedges Interest rate swaps Notional 4,674 — — 4,674 Interest rate swaps in a foreign currency Notional 2,565 98 (44 ) 2,619 Interest rate caps and floors Notional 2,624 84 (38 ) 2,670 Foreign currency swaps Notional 453 — (2 ) 451 Equity index options Notional 2,628 503 (580 ) 2,551 Financial futures Notional 1,415 1,759 (1,968 ) 1,206 Equity return swaps Notional 17 1 — 18 Other foreign currency contracts Notional 1,080 1,386 (1,414 ) 1,052 Total derivatives not designated as hedges 15,456 3,831 (4,046 ) 15,241 Total derivatives $ 25,460 $ 3,866 $ (4,722 ) $ 24,604 December 31, Maturities/ March 31, (Number of policies) Measurement 2018 Additions terminations 2019 Derivatives not designated as hedges GMWB embedded derivatives Policies 27,886 — (577 ) 27,309 Fixed index annuity embedded derivatives Policies 16,464 — (213 ) 16,251 Indexed universal life embedded derivatives Policies 929 — (11 ) 918 Cash Flow Hedges Certain derivative instruments are designated as cash flow hedges. The changes in fair value of these instruments are recorded as a component of OCI. We designate and account for the following as cash flow hedges when they have met the effectiveness requirements: (i) various types of interest rate swaps to convert floating rate investments to fixed rate investments; (ii) various types of interest rate swaps to convert floating rate liabilities into fixed rate liabilities; (iii) receive U.S. dollar fixed on foreign currency swaps to hedge the foreign currency cash flow exposure of foreign currency denominated investments; (iv) forward starting interest rate swaps to hedge against changes in interest rates associated with future fixed rate bond purchases and/or interest income; and (v) other instruments to hedge the cash flows of various forecasted transactions. The following table provides information about the pre-tax Gain (loss) reclassified into Classification of gain Gain (loss) Classification of gain Gain (loss) net income (loss) reclassified into recognized in (loss) recognized in (Amounts in millions) recognized in OCI from OCI net income net income net income Interest rate swaps hedging assets $ 137 $ 38 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging assets — 6 Net investment gains (losses) — Net investment gains (losses) Interest rate swaps hedging liabilities (12 ) — Interest expense — Net investment gains (losses) Foreign currency swaps (3 ) — Net investment income 2 Net investment gains (losses) Total $ 122 $ 44 $ 2 The following table provides information about the pre-tax Gain (loss) reclassified into Classification of gain Gain (loss) Classification of gain Gain (loss) net income (loss) reclassified into recognized in (loss) recognized in (Amounts in millions) recognized in OCI from OCI net income net income net income Interest rate swaps hedging assets $ (173 ) $ 35 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging assets — 5 Net investment gains (losses) — Net investment gains (losses) Interest rate swaps hedging liabilities 17 — Interest expense — Net investment gains (losses) Foreign currency swaps (1 ) — Net investment income — Net investment gains (losses) Total $ (157 ) $ 40 $ — The following table provides a reconciliation of current period changes, net of applicable income taxes, for these designated derivatives presented in the separate component of stockholders’ equity labeled “derivatives qualifying as hedges,” for the periods indicated: Three months ended March 31, (Amounts in millions) 2019 2018 Derivatives qualifying as effective accounting hedges as of January 1 $ 1,781 $ 2,065 Cumulative effect of changes in accounting: Stranded tax effects — 12 Changes to the hedge accounting model, net of deferred taxes of $— and $(1) — 2 Total cumulative effect of changes in accounting — 14 Current period increases (decreases) in fair value, net of deferred taxes of $(25) and $34 97 (126 ) Reclassification to net (income), net of deferred taxes of $16 and $14 (28 ) (26 ) Derivatives qualifying as effective accounting hedges as of March 31 $ 1,850 $ 1,927 The total of derivatives designated as cash flow hedges of $1,850 million, net of taxes, recorded in stockholders’ equity as of March 31, 2019 is expected to be reclassified to net income in the future, concurrently with and primarily offsetting changes in interest expense and interest income on floating rate instruments and interest income on future fixed rate bond purchases. Of this amount, $109 million, net of taxes, is expected to be reclassified to net income in the next 12 months. Actual amounts may vary from this amount as a result of market conditions. All forecasted transactions associated with qualifying cash flow hedges are expected to occur by 2057. During the three months ended March 31, 2019 and 2018, we reclassified $4 million and $3 million, respectively, to net income in connection with forecasted transactions that were no longer considered probable of occurring. Derivatives Not Designated As Hedges We also enter into certain non-qualifying non-functional The following tables provide the pre-tax gain (loss) recognized in net income for the effects of derivatives not designated as hedges for the periods indicated: Three months ended March 31, Classification of gain (loss) recognized in net income (Amounts in millions) 2019 2018 Interest rate swaps $ (1 ) $ (1 ) Net investment gains (losses) Interest rate swaps in a foreign currency (23 ) — Net investment gains (losses) Interest rate caps and floors 6 — Net investment gains (losses) Equity index options 17 (15 ) Net investment gains (losses) Financial futures (44 ) (24 ) Net investment gains (losses) Equity return swaps — (5 ) Net investment gains (losses) Other foreign currency contracts 9 8 Net investment gains (losses) Foreign currency swaps 10 (8 ) Net investment gains (losses) GMWB embedded derivatives 45 14 Net investment gains (losses) Fixed index annuity embedded derivatives (38 ) 8 Net investment gains (losses) Indexed universal life embedded derivatives 1 5 Net investment gains (losses) Total derivatives not designated as hedges $ (18 ) $ (18 ) Derivative Counterparty Credit Risk Most of our derivative arrangements with counterparties require the posting of collateral upon meeting certain net exposure thresholds. The following table presents additional information about derivative assets and liabilities subject to an enforceable master netting arrangement as of the dates indicated: March 31, 2019 December 31, 2018 Derivatives Derivatives Net Derivatives Derivatives Net (Amounts in millions) assets (1) liabilities (2) derivatives assets (1) liabilities (2) derivatives Amounts presented in the balance sheet: Gross amounts recognized $ 196 $ 89 $ 107 $ 185 $ 169 $ 16 Gross amounts offset in the balance sheet — — — — — — Net amounts presented in the balance sheet 196 89 107 185 169 16 Gross amounts not offset in the balance sheet: Financial instruments (3) (40 ) (40 ) — (66 ) (66 ) — Collateral received (66 ) — (66 ) (84 ) — (84 ) Collateral pledged — (428 ) 428 — (536 ) 536 Over collateralization 2 380 (378 ) 10 433 (423 ) Net amount $ 92 $ 1 $ 91 $ 45 $ — $ 45 (1) Included $9 million and $6 million of accruals on derivatives classified as other assets and does not include amounts related to embedded derivatives as of March 31, 2019 and December 31, 2018, respectively. (2) Included $1 million of accruals on derivatives included in other liabilities as of March 31, 2019 and does not include amounts related to embedded derivatives as of March 31, 2019 and December 31, 2018. (3) Amounts represent derivative assets and/or liabilities that are presented gross within the balance sheet but are held with the same counterparty where we have a master netting arrangement. This adjustment results in presenting the net asset and net liability position for each counterparty. Several of our master swap agreements contain credit downgrade provisions that allow either party to assign or terminate derivative transactions if the other party’s long-term unsecured debt rating, financial strength rating or risk-based capital ratio is below the limit defined in the applicable agreement. If the provisions defined in these agreements had been triggered as of March 31, 2019 and December 31, 2018, we could have been allowed to claim $92 million and $45 million, respectively, or have been required to disburse up to $1 million as of March 31, 2019. The chart above excludes embedded derivatives as those derivatives are not subject to master netting arrangements. As of March 31, 2019, no counterparties exercised their rights to terminate or revise the terms of their transactions with us.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2019
Fair Value of Financial Instruments	(6) Fair Value of Financial Instruments Assets and liabilities that are reflected in the accompanying unaudited condensed consolidated financial statements at fair value are not included in the following disclosure of fair value. Such items include cash, cash equivalents and restricted cash, short-term investments, investment securities, separate accounts, securities held as collateral and derivative instruments. Apart from certain of our borrowings and certain marketable securities, few of the instruments are actively traded and their fair values must often be determined using models. The fair value estimates are made at a specific point in time, based upon available market information and judgments about the financial instruments, including estimates of the timing and amount of expected future cash flows and the credit standing of counterparties. Such estimates do not reflect any premium or discount that could result from offering for sale at one time our entire holdings of a particular financial instrument, nor do they consider the tax impact of the realization of unrealized gains or losses. In many cases, the fair value estimates cannot be substantiated by comparison to independent markets. The following represents our estimated fair value of financial assets and liabilities that are not required to be carried at fair value as of the dates indicated: March 31, 2019 Notional amount Carrying amount Fair value (Amounts in millions) Total Level 1 Level 2 Level 3 Assets: Commercial mortgage loans (1) $ 6,929 $ 7,038 $ — $ — $ 7,038 Restricted commercial mortgage loans (1) 59 63 — — 63 Bank loan investments (1) 294 293 — — 293 Liabilities: Long-term borrowings (1) 4,035 3,564 — 3,420 144 Non-recourse funding obligations (1) 311 215 — — 215 Investment contracts (1) 12,663 13,241 — — 13,241 Other firm commitments: Commitments to fund limited partnerships 747 — — — — — Commitments to fund bank loan investments 40 — — — — — Ordinary course of business lending 152 — — — — — December 31, 2018 Notional amount Carrying amount Fair value (Amounts in millions) Total Level 1 Level 2 Level 3 Assets: Commercial mortgage loans (1) $ 6,687 $ 6,737 $ — $ — $ 6,737 Restricted commercial mortgage loans (1) 62 66 — — 66 Bank loan investments (1) 248 248 — — 248 Liabilities: Long-term borrowings (1) 4,025 3,577 — 3,434 143 Non-recourse funding obligations (1) 311 215 — — 215 Investment contracts (1) 13,105 13,052 — — 13,052 Other firm commitments: Commitments to fund limited partnerships 539 — — — — — Commitments to fund bank loan investments 33 — — — — — Ordinary course of business lending 73 — — — — — (1) These financial instruments do not have notional amounts. Recurring Fair Value Measurements We have fixed maturity, short-term investments, equity securities, limited partnerships, derivatives, embedded derivatives, securities held as collateral, separate account assets and certain other financial instruments, which are carried at fair value. Below is a description of the valuation techniques and inputs used to determine fair value by class of instrument. Limited partnerships Limited partnerships are valued based on comparable market transactions, discounted future cash flows, quoted market prices and/or estimates using the most recent data available for the underlying instrument. We utilize the net asset value (“NAV”) of the underlying fund statements as a practical expedient for fair value. Fixed maturity, short-term investments and equity securities The fair value of fixed maturity, short-term investments and equity securities are estimated primarily based on information derived from third-party pricing services (“pricing services”), internal models and/or broker quotes, which use a market approach, income approach or a combination of the market and income approach depending on the type of instrument and availability of information. In general, a market approach is utilized if there is readily available and relevant market activity for an individual security. In certain cases where market information is not available for a specific security but is available for similar securities, a security is valued using that market information for similar securities, which is also a market approach. When market information is not available for a specific security or is available but such information is less relevant or reliable, an income approach or a combination of a market and income approach is utilized. For securities with optionality, such as call or prepayment features (including mortgage-backed or asset-backed securities), an income approach may be used. In addition, a combination of the results from market and income approaches may be used to estimate fair value. These valuation techniques may change from period to period, based on the relevance and availability of market data. We utilize certain third-party data providers when determining fair value. We consider information obtained from pricing services as well as broker quotes in our determination of fair value. Additionally, we utilize internal models to determine the valuation of securities using an income approach where the inputs are based on third-party provided market inputs. While we consider the valuations provided by pricing services and broker quotes to be of high quality, management determines the fair value of our investment securities after considering all relevant and available information. We also use various methods to obtain an understanding of the valuation methodologies and procedures used by third-party data providers to ensure sufficient understanding to evaluate the valuation data received, including an understanding of the assumptions and inputs utilized to determine the appropriate fair value. For pricing services, we analyze the prices provided by our primary pricing services to other readily available pricing services and perform a detailed review of the assumptions and inputs from each pricing service to determine the appropriate fair value when pricing differences exceed certain thresholds. We evaluate changes in fair value that are greater than certain pre-defined thresholds each month to further aid in our review of the accuracy of fair value measurements and our understanding of changes in fair value, with more detailed reviews performed by the asset managers responsible for the related asset class associated with the security being reviewed. A pricing committee provides additional oversight and guidance in the evaluation and review of the pricing methodologies used to value our investment portfolio. In general, we first obtain valuations from pricing services. For certain private fixed maturity securities where we do not obtain valuations from pricing services, we utilize an internal model to determine fair value since transactions for identical securities are not readily observable and these securities are not typically valued by pricing services. If prices are unavailable from public pricing services, we obtain broker quotes. For all securities, excluding certain private fixed maturity securities, if neither a pricing service nor broker quotes valuation is available, we determine fair value using internal models. For pricing services, we obtain an understanding of the pricing methodologies and procedures for each type of instrument. Additionally, on a monthly basis we review a sample of securities, examining the pricing service’s assumptions to determine if we agree with the service’s derived price. When available, we also evaluate the prices sampled as compared to other public prices. If a variance greater than a pre-defined threshold is noted, additional review of the price is executed to ensure accuracy. In general, a pricing service does not provide a price for a security if sufficient information is not readily available to determine fair value or if such security is not in the specific sector or class covered by a particular pricing service. Given our understanding of the pricing methodologies and procedures of pricing services, the securities valued by pricing services are typically classified as Level 2 unless we determine the valuation process for a security or group of securities utilizes significant unobservable inputs, which would result in the valuation being classified as Level 3. For private fixed maturity securities, we utilize an income approach where we obtain public bond spreads and utilize those in an internal model to determine fair value. Other inputs to the model include rating and weighted-average life, as well as sector which is used to assign the spread. We then add an additional premium, which represents an unobservable input, to the public bond spread to adjust for the liquidity and other features of our private placements. We utilize the estimated market yield to discount the expected cash flows of the security to determine fair value. We utilize price caps for securities where the estimated market yield results in a valuation that may exceed the amount that would be received in a market transaction and value all private fixed maturity securities at par that have less than 12 months to maturity. When a security does not have an external rating, we assign the security an internal rating to determine the appropriate public bond spread that should be utilized in the valuation. To evaluate the reasonableness of the internal model, we review a sample of private fixed maturity securities each month. In that review we compare the modeled prices to the prices of similar public securities in conjunction with analysis on current market indicators. If a pricing variance greater than a pre-defined threshold is noted, additional review of the price is executed to ensure accuracy. At the end of each month, all internally modeled prices are compared to the prior month prices with an evaluation of all securities with a month-over-month change greater than a pre-defined threshold. While we generally consider the public bond spreads by sector and maturity to be observable inputs, we evaluate the similarities of our private placement with the public bonds, any price caps utilized, liquidity premiums applied, and whether external ratings are available for our private placements to determine whether the spreads utilized would be considered observable inputs. We classify private securities without an external rating and public bond spread as Level 3. In general, increases (decreases) in credit spreads will decrease (increase) the fair value for our fixed maturity securities. For broker quotes, we consider the valuation methodology utilized by the third party and analyze a sample each month to assess reasonableness given then-current market conditions. Additionally, for broker quotes on certain structured securities, we validate prices received against other publicly available pricing sources. Broker quotes are typically based on an income approach given the lack of available market data. As the valuation typically includes significant unobservable inputs, we classify the securities where fair value is based on our consideration of broker quotes as Level 3 measurements. For remaining securities priced using internal models, we determine fair value using an income approach. We analyze a sample each month to assess reasonableness given then-current market conditions. We maximize the use of observable inputs but typically utilize significant unobservable inputs to determine fair value. Accordingly, the valuations are typically classified as Level 3. A summary of the inputs used for our fixed maturity, short-term investments and equity securities based on the level in which instruments are classified is included below. We have combined certain classes of instruments together as the nature of the inputs is similar. Level 1 measurements Equity securities. Short-term investments. Separate account assets. Level 2 measurements Fixed maturity securities • Third-party pricing services: The following table presents a summary of the significant inputs used by our third-party pricing services for certain fair value measurements of fixed maturity securities that are classified as Level 2 as of March 31, 2019: (Amounts in millions) Fair value Primary methodologies Significant inputs U.S. government, agencies and government-sponsored enterprises $ 4,731 Price quotes from trading desk, broker feeds Bid side prices, trade prices, Option Adjusted Spread (“OAS”) to swap curve, Bond Market Association OAS, Treasury Curve, Agency Bullet Curve, maturity to issuer spread State and political subdivisions $ 2,494 Multi-dimensional attribute-based modeling systems, third-party pricing vendors Trade prices, material event notices, Municipal Market Data benchmark yields, broker quotes Non-U.S. government $ 2,502 Matrix pricing, spread priced to benchmark curves, price quotes from market makers Benchmark yields, trade prices, broker quotes, comparative transactions, issuer spreads, bid-offer spread, market research publications, third-party pricing sources U.S. corporate $ 26,748 Multi-dimensional attribute-based modeling systems, broker quotes, price quotes from market makers, internal models, OAS-based models Bid side prices to Treasury Curve, Issuer Curve, which includes sector, quality, duration, OAS percentage and change for spread matrix, trade prices, comparative transactions, Trade Reporting and Compliance Engine (“TRACE”) reports Non-U.S. corporate $ 10,123 Multi-dimensional attribute-based modeling systems, OAS-based models, price quotes from market makers Benchmark yields, trade prices, broker quotes, comparative transactions, issuer spreads, bid-offer spread, market research publications, third-party pricing sources Residential mortgage-backed $ 2,915 OAS-based models, To Be Announced pricing models, single factor binomial models, internally priced Prepayment and default assumptions, aggregation of bonds with similar characteristics, including collateral type, vintage, tranche type, weighted-average life, weighted-average loan age, issuer program and delinquency ratio, pay up and pay down factors, TRACE reports Commercial mortgage-backed $ 2,864 Multi-dimensional attribute-based modeling systems, pricing matrix, spread matrix priced to swap curves, Trepp commercial mortgage-backed securities analytics model Credit risk, interest rate risk, prepayment speeds, new issue data, collateral performance, origination year, tranche type, original credit ratings, weighted-average life, cash flows, spreads derived from broker quotes, bid side prices, spreads to daily updated swaps curves, TRACE reports Other asset-backed $ 3,224 Multi-dimensional attribute-based modeling systems, spread matrix priced to swap curves, price quotes from market makers, internal models Spreads to daily updated swaps curves, spreads derived from trade prices and broker quotes, bid side prices, new issue data, collateral performance, analysis of prepayment speeds, cash flows, collateral loss analytics, historical issue analysis, trade data from market makers, TRACE reports • Internal models: Equity securities. Securities lending collateral The fair value of securities held as collateral is primarily based on Level 2 inputs from market information for the collateral that is held on our behalf by the custodian. We determine fair value after considering prices obtained by third-party pricing services. Short-term investments The fair value of short-term investments classified as Level 2 is determined after considering prices obtained by third-party pricing services. Level 3 measurements Fixed maturity securities • Internal models: • Broker quotes: Equity securities. GMWB embedded derivatives We are required to bifurcate an embedded derivative for certain features associated with annuity products and related reinsurance agreements where we provide a GMWB to the policyholder and are required to record the GMWB embedded derivative at fair value. The valuation of our GMWB embedded derivative is based on an income approach that incorporates inputs such as forward interest rates, equity index volatility, equity index and fund correlation, and policyholder assumptions such as utilization, lapse and mortality. In addition to these inputs, we also consider risk and expense margins when determining the projected cash flows that would be determined by another market participant. While the risk and expense margins are considered in determining fair value, these inputs do not have a significant impact on the valuation. We determine fair value using an internal model based on the various inputs noted above. The resulting fair value measurement from the model is reviewed by the product actuarial, risk and finance professionals each reporting period with changes in fair value also being compared to changes in derivatives and other instruments used to mitigate changes in fair value from certain market risks, such as equity index volatility and interest rates. For GMWB liabilities, non-performance risk is integrated into the discount rate. Our discount rate used to determine fair value of our GMWB liabilities includes market credit spreads above U.S. Treasury rates to reflect an adjustment for the non-performance risk of the GMWB liabilities. As of March 31, 2019 and December 31, 2018, the impact of non-performance risk resulted in a lower fair value of our GMWB liabilities of $60 million and $64 million, respectively. To determine the appropriate discount rate to reflect the non-performance risk of the GMWB liabilities, we evaluate the non-performance risk in our liabilities based on a hypothetical exit market transaction as there is no exit market for these types of liabilities. A hypothetical exit market can be viewed as a hypothetical transfer of the liability to another similarly rated insurance company which would closely resemble a reinsurance transaction. Another hypothetical exit market transaction can be viewed as a hypothetical transaction from the perspective of the GMWB policyholder. In determining the appropriate discount rate to incorporate non-performance risk of the GMWB liabilities, we also considered the impacts of state guarantees embedded in the related insurance product as a form of inseparable third-party guarantee. We believe that a hypothetical exit market participant would use a similar discount rate as described above to value the liabilities. For equity index volatility, we determine the projected equity market volatility using both historical volatility and projected equity market volatility with more significance being placed on projected near-term volatility and recent historical data. Given the different attributes and market characteristics of GMWB liabilities compared to equity index options in the derivative market, the equity index volatility assumption for GMWB liabilities may be different from the volatility assumption for equity index options, especially for the longer dated points on the curve. Equity index and fund correlations are determined based on historical price observations for the fund and equity index. For policyholder assumptions, we use our expected lapse, mortality and utilization assumptions and update these assumptions for our actual experience, as necessary. For our lapse assumption, we adjust our base lapse assumption by policy based on a combination of the policyholder’s current account value and GMWB benefit. We classify the GMWB valuation as Level 3 based on having significant unobservable inputs, with equity index volatility and non-performance risk being considered the more significant unobservable inputs. As equity index volatility increases, the fair value of the GMWB liabilities will increase. Any increase in non-performance risk would increase the discount rate and would decrease the fair value of the GMWB liability. Additionally, we consider lapse and utilization assumptions to be significant unobservable inputs. An increase in our lapse assumption would decrease the fair value of the GMWB liability, whereas an increase in our utilization rate would increase the fair value. Fixed index annuity embedded derivatives We have fixed indexed annuity products where interest is credited to the policyholder’s account balance based on equity index changes. This feature is required to be bifurcated as an embedded derivative and recorded at fair value. Fair value is determined using an income approach where the present value of the excess cash flows above the guaranteed cash flows is used to determine the value attributed to the equity index feature. The inputs used in determining the fair value include policyholder behavior (lapses and withdrawals), near-term equity index volatility, expected future interest credited, forward interest rates and an adjustment to the discount rate to incorporate non-performance risk and risk margins. As a result of our assumptions for policyholder behavior and expected future interest credited being considered significant unobservable inputs, we classify these instruments as Level 3. As lapses and withdrawals increase, the value of our embedded derivative liability will decrease. As expected future interest credited decreases, the value of our embedded derivative liability will decrease. Indexed universal life embedded derivatives We have indexed universal life insurance products where interest is credited to the policyholder’s account balance based on equity index changes. This feature is required to be bifurcated as an embedded derivative and recorded at fair value. Fair value is determined using an income approach where the present value of the excess cash flows above the guaranteed cash flows is used to determine the value attributed to the equity index feature. The inputs used in determining the fair value include policyholder behavior (lapses and withdrawals), near-term equity index volatility, expected future interest credited, forward interest rates and an adjustment to the discount rate to incorporate non-performance risk and risk margins. As a result of our assumptions for policyholder behavior and expected future interest credited being considered significant unobservable inputs, we classify these instruments as Level 3. As lapses and withdrawals increase, the value of our embedded derivative liability will decrease. As expected future interest credited decreases, the value of our embedded derivative liability will decrease. Derivatives We consider counterparty collateral arrangements and rights of set-off when evaluating our net credit risk exposure to our derivative counterparties. Accordingly, we are permitted to include consideration of these arrangements when determining whether any incremental adjustment should be made for both the counterparty’s and our non-performance risk in measuring fair value for our derivative instruments. As a result of these counterparty arrangements, we determined that any adjustment for credit risk would not be material and we have not recorded any incremental adjustment for our non-performance risk or the non-performance risk of the derivative counterparty for our derivative assets or liabilities. We determine fair value for our derivatives using an income approach with internal models based on relevant market inputs for each derivative instrument. We also compare the fair value determined using our internal model to the valuations provided by our derivative counterparties with any significant differences or changes in valuation being evaluated further by our derivatives professionals that are familiar with the instrument and market inputs used in the valuation. Interest rate swaps. Interest rate swaps in a foreign currency. Interest rate caps and floors. Foreign currency swaps. Equity index options. Financial futures. Equity return swaps. Other foreign currency contracts. The following tables set forth our assets by class of instrument that are measured at fair value on a recurring basis as of the dates indicated: March 31, 2019 (Amounts in millions) Total Level 1 Level 2 Level 3 NAV (1) Assets Investments: Fixed maturity securities: U.S. government, agencies and government-sponsored $ 4,731 $ — $ 4,731 $ — $ — State and political subdivisions 2,546 — 2,494 52 — Non-U.S. government 2,518 — 2,518 — — U.S. corporate: Utilities 4,685 — 3,937 748 — Energy 2,618 — 2,503 115 — Finance and insurance 7,251 — 6,661 590 — Consumer—non-cyclical 5,257 — 5,183 74 — Technology and communications 2,974 — 2,922 52 — Industrial 1,249 — 1,209 40 — Capital goods 2,489 — 2,394 95 — Consumer—cyclical 1,646 — 1,451 195 — Transportation 1,362 — 1,308 54 — Other 411 — 212 199 — Total U.S. corporate 29,942 — 27,780 2,162 — Non-U.S. corporate: Utilities 1,127 — 692 435 — Energy 1,447 — 1,226 221 — Finance and insurance 2,554 — 2,372 182 — Consumer—non-cyclical 709 — 642 67 — Technology and communications 1,197 — 1,170 27 — Industrial 973 — 910 63 — Capital goods 662 — 489 173 — Consumer—cyclical 541 — 416 125 — Transportation 815 — 623 192 — Other 2,260 — 2,170 90 — Total non-U.S. corporate 12,285 — 10,710 1,575 — Residential mortgage-backed 2,950 — 2,915 35 — Commercial mortgage-backed 2,962 — 2,864 98 — Other asset-backed 3,426 — 3,224 202 — Total fixed maturity securities 61,360 — 57,236 4,124 — Equity securities 635 513 67 55 — Other invested assets: Derivative assets: Interest rate swaps 59 — 59 — — Interest rate swaps in a foreign currency 46 — 46 — — Interest rate caps and floors 13 — 13 — — Foreign currency swaps 3 — 3 — — Equity index options 60 — — 60 — Other foreign currency contracts 6 — 6 — — Total derivative assets 187 — 127 60 — Securities lending collateral 106 — 106 — — Short-term investments 139 — 139 — — Limited partnerships 359 — — — 359 Total other invested assets 791 — 372 60 359 Reinsurance recoverable (2) 18 — — 18 — Separate account assets 6,210 6,210 — — — Total assets $ 69,014 $ 6,723 $ 57,675 $ 4,257 $ 359 (1) Limited partnerships that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities. December 31, 2018 (Amounts in millions) Total Level 1 Level 2 Level 3 NAV (1) Assets Investments: Fixed maturity securities: U.S. government, agencies and government-sponsored $ 4,631 $ — $ 4,631 $ — $ — State and political subdivisions 2,552 — 2,501 51 — Non-U.S. government 2,393 — 2,393 — — U.S. corporate: Utilities 4,675 — 4,032 643 — Energy 2,419 — 2,298 121 — Finance and insurance 6,822 — 6,288 534 — Consumer—non-cyclical 5,048 — 4,975 73 — Technology and communications 2,855 — 2,805 50 — Industrial 1,238 — 1,199 39 — Capital goods 2,391 — 2,299 92 — Consumer—cyclical 1,597 — 1,386 211 — Transportation 1,320 — 1,263 57 — Other 397 — 219 178 — Total U.S. corporate 28,762 — 26,764 1,998 — Non-U.S. corporate: Utilities 1,041 — 637 404 — Energy 1,369 — 1,152 217 — Finance and insurance 2,423 — 2,252 171 — Consumer—non-cyclical 739 — 633 106 — Technology and communications 1,165 — 1,139 26 — Industrial 945 — 884 61 — Capital goods 615 — 442 173 — Consumer—cyclical 520 — 398 122 — Transportation 720 — 549 171 — Other 2,300 — 2,219 81 — Total non-U.S. corporate 11,837 — 10,305 1,532 — Residential mortgage-backed 3,044 — 3,009 35 — Commercial mortgage-backed 3,016 — 2,921 95 — Other asset-backed 3,426 — 3,261 165 — Total fixed maturity securities 59,661 — 55,785 3,876 — Equity securities 655 533 64 58 — Other invested assets: Derivative assets: Interest rate swaps 42 — 42 — — Interest rate swaps in a foreign currency 74 — 74 — — Interest rate caps and floors 7 — 7 — — Foreign currency swaps 6 — 6 — — Equity index options 39 — — 39 — Other foreign currency contracts 10 — 10 — — Total derivative assets 178 — 139 39 — Securities lending collateral 102 — 102 — — Short-term investments 230 — 230 — — Limited partnerships 318 — — — 318 Total other invested assets 828 — 471 39 318 Reinsurance recoverable (2) 20 — — 20 — Separate account assets 5,859 5,859 — — — Total assets $ 67,023 $ 6,392 $ 56,320 $ 3,993 $ 318 (1) Limited partnerships that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities. We review the fair value hierarchy classifications each reporting period. Changes in the observability of the valuation attributes may result in a reclassification of certain financial assets or liabilities. Such reclassifications are reported as transfers between levels at the beginning fair value for the reporting period in which the changes occur. Given the types of assets classified as Level 1, which primarily represents mutual fund investments, we typically do not have any transfers between Level 1 and Level 2 measurement categories and did not have any such transfers during any period presented. Our assessment of whether or not there were significant unobservable inputs related to fixed maturity securities was based on our observations obtained through the course of managing our investment portfolio, including interaction with other market participants, observations related to the availability and consistency of pricing and/or rating, and understanding of general market activity such as new issuance and the level of secondary market trading for a class of securities. Additionally, we considered data obtained from third-party pricing sources to determine whether our estimated values incorporate significant unobservable inputs that would result in the valuation being classified as Level 3. The following tables present additional information about assets measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value as of or for the dates indicated: (Amounts in millions) Beginning balance as of January 1, Total realized and (losses) Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Ending Total gains income Included in net income Included in OCI Fixed maturity securities: U.S. government, agencies $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — State and political subdivisions 51 1 — — — — — — — 52 1 U.S. corporate: Utilities 643 — 22 14 (1 ) — (2 ) 72 — 748 — Energy 121 — 4 — — — (10 ) — — 115 — Finance and insurance 534 — 23 30 — — (4 ) 7 — 590 — Consumer—non-cyclical 73 — 2 — — — (10 ) 9 — 74 — Technology and 50 — 2 — — — — — — 52 — Industrial 39 — 1 — — — — — — 40 — Capital goods 92 — 3 — — — — — — 95 — Consumer—cyclical 211 — 7 — (13 ) — (1 ) — (9 ) 195 — Transportation 57 — 1 4 — — (8 ) — — 54 — Other 178 — 3 22 — — (12 ) 8 — 199 — Total U.S. corporate 1,998 — 68 70 (14 ) — (47 ) 96 (9 ) 2,162 — Non-U.S. corporate: Utilities 404 — 16 30 — — — — (15 ) 435 — Energy 217 — 7 1 — — (4 ) — — 221 — Finance and insurance 171 1 11 5 — — — — (6 ) 182 1 Consumer—non-cyclical 106 2 3 — — — (44 ) — — 67 — Technology and 26 — 1 — — — — — — 27 — Industrial 61 — 2 — — — — — — 63 — Capital goods 173 — 6 5 — — (11 ) — — 173 — Consumer—cyclical 122 — 6 — — — (3 ) — — 125 — Transportation 171 — 6 15 — — — — — 192 — Other 81 — 4 — — — (1 ) 6 — 90 — Total non-U.S. corporate 1,532 3 62 56 — — (63 ) 6 (21 ) 1,575 1 Residential mortgage-backed 35 — — — — — — — — 35 — Commercial mortgage-backed 95 — 2 1 — — — — — 98 — Other asset-backed 165 — 1 54 — — (13 ) 1 (6 ) 202 — Total fixed maturity securities 3,876 4 133 181 (14 ) — (123 ) 103 (36 ) 4,124 2 Equity securities 58 — — — (3 ) — — — — 55 — Other invested assets: Derivative assets: Equity index options 39 17 — 12 — — (8 ) — — 60 12 Total derivative assets 39 17 — 12 — — (8 ) — — 60 12 Total other invested assets 39 17 — 12 — — (8 ) — — 60 12 Reinsurance recoverable (2) 20 (3 ) — — — 1 — — — 18 (3 ) Total Level 3 assets $ 3,993 $ 18 $ 133 $ 193 $ (17 ) $ 1 $ (131 ) $ 103 $ (36 ) $ 4,257 $ 11 (1) The transfers into and out of Level 3 for fixed maturity securities were related to changes in the primary pricing source and changes in the observability of external information used in determining the fair value, such as external ratings or credit spreads, as well as changes in the industry sectors assigned to specific securities. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities. (Amounts in millions) Beginning balance as of January 1, Total realized and Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Ending Total gains income Included in net income Included in OCI Fixed maturity securities: U.S. government, agencies and government-sponsored $ 1 $ — $ — $ — $ — $ — $

Liability for Policy and Contra

Liability for Policy and Contract Claims	3 Months Ended
	Mar. 31, 2019
Liability for Policy and Contract Claims	(7) Liability for Policy and Contract Claims The following table sets forth changes in our liability for policy and contract claims as of the dates indicated: As of or for the three months ended March 31, (Amounts in millions) 2019 2018 Beginning balance $ 10,379 $ 9,594 Less reinsurance recoverables (2,379 ) (2,419 ) Net beginning balance 8,000 7,175 Incurred related to insured events of: Current year 986 998 Prior years (81 ) (108 ) Total incurred 905 890 Paid related to insured events of: Current year (162 ) (175 ) Prior years (678 ) (692 ) Total paid (840 ) (867 ) Interest on liability for policy and contract claims 93 81 Foreign currency translation 3 (5 ) Net ending balance 8,161 7,274 Add reinsurance recoverables 2,375 2,377 Ending balance $ 10,536 $ 9,651 The liability for policy and contract claims represents our current best estimate; however, there may be future adjustments to this estimate and related assumptions. Such adjustments, reflecting any variety of new and adverse trends, could possibly be significant, and result in increases in reserves by an amount that could be material to our results of operations and financial condition and liquidity. For the three months ended March 31, 2019, the favorable development of $81 million related to insured events of prior years was primarily attributable to our long-term care insurance business from favorable development on prior year incurred but not reported claims and favorable claim terminations, including pending claims that terminate before becoming an active claim. For the three months ended March 31, 2018, the favorable development of $108 million related to insured events of prior years was also primarily attributable to our long-term care insurance business from favorable claim terminations, including pending claims that terminate before becoming an active claim.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Taxes	(8) Income Taxes The reconciliation of the federal statutory tax rate to the effective income tax rate was as follows for the periods indicated: Three months ended March 31, 2019 2018 Statutory U.S. federal income tax rate 21.0 % 21.0 % Increase (reduction) in rate resulting from: Effect of foreign operations 5.4 5.0 U.S. shareholder tax on foreign operations 4.8 (2.1 ) Swaps terminated prior to the TCJA 2.6 2.3 Other, net (1.1 ) 1.4 Effective rate 32.7 % 27.6 % The increase in the effective tax rate for the three months ended March 31, 2019 was primarily attributable to a tax expense in the current year related to the Global Intangible Low Taxed Income (“GILTI”) provision of the Tax Cuts and Jobs Act (“TCJA”), which is reported within the line “U.S. shareholder tax on foreign operations” in the table above. GILTI has an unfavorable impact on our current year effective tax rate due to the utilization of net operating loss carryforwards and projected taxable losses in the U.S. life insurance businesses without any offsetting foreign tax credit carryforwards.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2019
Segment Information	(9) Segment Information We have the following five operating business segments: U.S. Mortgage Insurance; Canada Mortgage Insurance; Australia Mortgage Insurance; U.S Life Insurance (which includes our long-term care insurance, life insurance and fixed annuities businesses); and Runoff (which includes the results of non-strategic products which have not been actively sold). In addition to our five operating business segments, we also have Corporate and Other activities which include debt financing expenses that are incurred at the Genworth Holdings level, unallocated corporate income and expenses, eliminations of inter-segment transactions and the results of other businesses that are managed outside of our operating segments, including certain smaller international mortgage insurance businesses. We tax our international businesses at their local tax rates and our domestic businesses at the U.S. corporate federal income tax rate of 21%. Our segment tax methodology applies the respective jurisdictional or domestic tax rate to the pre-tax income (loss) of each segment, which is then adjusted in each segment to reflect the tax attributes of items unique to that segment such as foreign withholding taxes and permanent differences between U.S. GAAP and local tax law. The difference between the consolidated provision for income taxes and the sum of the provision for income taxes in each segment is reflected in Corporate and Other activities. We use the same accounting policies and procedures to measure segment income (loss) and assets as our consolidated net income and assets. Our chief operating decision maker evaluates segment performance and allocates resources on the basis of “adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders.” We define adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders as income (loss) from continuing operations excluding the after-tax effects of income (loss) attributable to noncontrolling interests, net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions, restructuring costs and infrequent or unusual non-operating items. Gains (losses) on insurance block transactions are defined as gains (losses) on the early extinguishment of non-recourse funding obligations, early termination fees for other financing restructuring and/or resulting gains (losses) on reinsurance restructuring for certain blocks of business. We exclude net investment gains (losses) and infrequent or unusual non-operating items because we do not consider them to be related to the operating performance of our segments and Corporate and Other activities. A component of our net investment gains (losses) is the result of impairments, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to our discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions and restructuring costs are also excluded from adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders because, in our opinion, they are not indicative of overall operating trends. Infrequent or unusual non-operating items are also excluded from adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders if, in our opinion, they are not indicative of overall operating trends. While some of these items may be significant components of net income (loss) available to Genworth Financial, Inc.’s common stockholders in accordance with U.S. GAAP, we believe that adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders, and measures that are derived from or incorporate adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders, are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Management also uses adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders as a basis for determining awards and compensation for senior management and to evaluate performance on a basis comparable to that used by analysts. However, the items excluded from adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders have occurred in the past and could, and in some cases will, recur in the future. Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders is not a substitute for net income (loss) available to Genworth Financial, Inc.’s common stockholders determined in accordance with U.S. GAAP. In addition, our definition of adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders may differ from the definitions used by other companies. In the first quarter of 2019, we revised how we tax the adjustments to reconcile net income (loss) available to Genworth Financial, Inc.’s common stockholders to adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders to align the tax rate used in the reconciliation to each segment’s local jurisdictional tax rate. Beginning in the first quarter of 2019, we used a tax rate of 27 30 21% 21 Prior year amounts have not been re -presented to reflect this revised presentation ; however, the previous methodology would not have resulted in a materially different segment-level adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders. We recorded a pre-tax expense of $4 million for the three months ended March 31, 2019 related to restructuring costs as we continue to evaluate and appropriately size our organizational needs and expenses. There were no infrequent or unusual items excluded from adjusted operating income during the periods presented. The following is a summary of revenues for our segments and Corporate and Other activities for the periods indicated: Three months ended March 31, (Amounts in millions) 2019 2018 Revenues: U.S. Mortgage Insurance segment $ 223 $ 200 Canada Mortgage Insurance segment 159 158 Australia Mortgage Insurance segment 110 107 U.S. Life Insurance segment: Long-term care insurance 1,114 1,020 Life insurance 372 379 Fixed annuities 159 182 U.S. Life Insurance segment 1,645 1,581 Runoff segment 82 68 Corporate and Other activities (15 ) 1 Total revenues $ 2,204 $ 2,115 The following tables present the reconciliation of net income available to Genworth Financial, Inc.’s common stockholders to adjusted operating income available to Genworth Financial, Inc.’s common stockholders and a summary of adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders for our segments and Corporate and Other activities for the periods indicated: Three months ended March 31, (Amounts in millions) 2019 2018 Net income $ 230 $ 165 Less: net income attributable to noncontrolling interests 56 53 Net income available to Genworth Financial, Inc.’s common stockholders 174 112 Adjustments to net income available to Genworth Financial, Inc.’s common stockholders: Net investment (gains) losses, net (1) (71 ) 17 Expenses related to restructuring 4 — Taxes on adjustments 14 (4 ) Adjusted operating income available to Genworth Financial, Inc.’s common stockholders $ 121 $ 125 (1) For the three months ended March 31, 2019 and March 31, 2018, net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves of $(2) million and $(3) million, respectively, and adjusted for net investment gains (losses) attributable to noncontrolling interests of $5 million and $(11) million, respectively. Three months ended March 31, (Amounts in millions) 2019 2018 Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders: U.S. Mortgage Insurance segment $ 124 $ 111 Canada Mortgage Insurance segment 41 49 Australia Mortgage Insurance segment 14 19 U.S. Life Insurance segment: Long-term care insurance (20 ) (32 ) Life insurance (2 ) (1 ) Fixed annuities 17 28 U.S. Life Insurance segment (5 ) (5 ) Runoff segment 20 10 Corporate and Other activities (73 ) (59 ) Adjusted operating income available to Genworth Financial, Inc.’s common stockholders $ 121 $ 125 The following is a summary of total assets for our segments and Corporate and Other activities as of the dates indicated: (Amounts in millions) March 31, 2019 December 31, 2018 Assets: U.S. Mortgage Insurance segment $ 3,808 $ 3,583 Canada Mortgage Insurance segment 5,146 5,038 Australia Mortgage Insurance segment 2,533 2,534 U.S. Life Insurance segment 80,619 79,799 Runoff segment 10,082 9,963 Corporate and Other activities — 6 Total assets $ 102,188 $ 100,923

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies	(10) Commitments and Contingencies (a) Litigation and Regulatory Matters We face the risk of litigation and regulatory investigations and actions in the ordinary course of operating our businesses, including the risk of class action lawsuits. Our pending legal and regulatory actions include proceedings specific to us and others generally applicable to business practices in the industries in which we operate. In our insurance operations, we are, have been, or may become subject to class actions and individual suits alleging, among other things, issues relating to sales or underwriting practices, increases to in-force long-term care insurance premiums, payment of contingent or other sales commissions, claims payments and procedures, product design, product disclosure, product administration, additional premium charges for premiums paid on a periodic basis, denial or delay of benefits, charging excessive or impermissible fees on products, recommending unsuitable products to customers, our pricing structures and business practices in our mortgage insurance businesses, such as captive reinsurance arrangements with lenders and contract underwriting services, violations of the Real Estate Settlement and Procedures Act of 1974 or related state anti-inducement laws, and mortgage insurance policy rescissions and curtailments, and breaching fiduciary or other duties to customers, including but not limited to breach of customer information. Plaintiffs in class action and other lawsuits against us may seek very large or indeterminate amounts which may remain unknown for substantial periods of time. In our investment-related operations, we are subject to litigation involving commercial disputes with counterparties. We are also subject to litigation arising out of our general business activities such as our contractual and employment relationships, post-closing obligations associated with previous dispositions and securities lawsuits. In addition, we are also subject to various regulatory inquiries, such as information requests, subpoenas, books and record examinations and market conduct and financial examinations from state, federal and international regulators and other authorities. A substantial legal liability or a significant regulatory action against us could have an adverse effect on our business, financial condition and results of operations. Moreover, even if we ultimately prevail in the litigation, regulatory action or investigation, we could suffer significant reputational harm, which could have an adverse effect on our business, financial condition or results of operations. In January 2016, Genworth Financial, Inc., its current chief executive officer, its former chief executive officer, its former chief financial officer and current and former members of its board of directors were named in a shareholder derivative suit filed by International Union of Operating Engineers Local No. 478 Pension Fund, Richard L. Salberg and David Pinkoski in the Court of Chancery of the State of Delaware. The case was captioned Int’l Union of Operating Engineers Local No. 478 Pension Fund, et al v. McInerney, et al. In February 2016, Genworth Financial, Inc., its current chief executive officer, its former chief executive officer, its former chief financial officer and current and former members of its board of directors were named in a second shareholder derivative suit filed by Martin Cohen in the Court of Chancery of the State of Delaware. The case was captioned Cohen v. McInerney, et al . On February 23, 2016, the Court of Chancery of the State of Delaware consolidated these derivative suits under the caption Genworth Financial, Inc. Consolidated Derivative Litigation . On March 28, 2016, plaintiffs in the consolidated action filed an amended complaint. The amended complaint alleges breaches of fiduciary duties concerning Genworth’s long-term care insurance reserves and concerning Genworth’s Australian mortgage insurance business, including our plans for an IPO of the business and seeks unspecified damages, costs, attorneys’ fees and such equitable relief as the court may deem proper. The amended consolidated complaint also adds Genworth’s current chief financial officer as a defendant, based on the current chief financial officer’s alleged conduct in her former capacity as Genworth’s controller and principal accounting officer. We moved to dismiss the consolidated action on May 27, 2016. Thereafter, plaintiffs filed a substantially similar second amended complaint which we moved to dismiss on September 16, 2016. The motion is fully briefed and awaiting disposition by the court. The action is stayed pending the completion of the proposed China Oceanwide transaction. In October 2016, Genworth Financial, Inc., its current chief executive officer, its former chief executive officer, its current chief financial officer, its former chief financial officer and current and former members of its board of directors were named in a shareholder derivative suit filed by Esther Chopp in the Court of Chancery of the State of Delaware. The case is captioned Chopp v. McInerney, et al. The complaint alleges that Genworth’s board of directors wrongfully refused plaintiff’s demand to commence litigation on behalf of Genworth and asserts claims for breaches of fiduciary duties, waste, contribution and indemnification, and unjust enrichment concerning Genworth’s long-term care insurance reserves and concerning Genworth’s Australian mortgage insurance business, including our plans for an IPO of the business, and seeks unspecified damages, costs, attorneys’ fees and such equitable relief as the court may deem proper. We filed a motion to dismiss on November 14, 2016. The action is stayed pending the completion of the proposed China Oceanwide transaction. In December 2017, Genworth Holdings and Genworth Financial were named as defendants in an action captioned AXA S.A. v. Genworth Financial International Holdings, Inc., et al., On February 25, 2019, AXA amended its claim and updated its demand to £26 5 million. The court held a case management conference and hearing on February 26, 2019. Santander, FICL and FACL consented to be joined as parties to the proceedings and consented to allow Genworth to amend its pleadings to include the subrogation declarations to reflect the additional parties. The court scheduled the points of principle hearing on liability and subrogation matters to commence on November 4, 2019 and conclude on November 12, 2019 , and scheduled the quantum hearing to commence on March 9, 2020 and conclude on March 12, 2020. On March 29, 2019, AXA, FICL, FACL and Santander filed their respective responses to our amended counterclaim. We intend to continue to vigorously defend this action. In September 2018, Genworth Life and Annuity Insurance Company (“GLAIC”), our indirect wholly-owned subsidiary, was named as a defendant in a putative class action lawsuit pending in the United States District Court for the Eastern District of Virginia captioned TVPX ARX INC., as Securities Intermediary for Consolidated Wealth Management, LTD. on behalf of itself and all others similarly situated v. Genworth Life and Annuity Insurance Company In September 2018, we were named as a defendant in a putative class action lawsuit pending in the Court of Chancery of the State of Delaware captioned Richard F. Burkhart, William E. Kelly, Richard S. Lavery, Thomas R. Pratt, Gerald Green, individually and on behalf of all other persons similarly situated v. Genworth et al In January 2019, Genworth Financial and GLIC were named as defendants in a putative class action lawsuit pending in the United States District Court for the Eastern District of Virginia captioned Jerome Skochin, Susan Skochin, and Larry Huber, individually and on behalf of all other persons similarly situated v. Genworth Financial, Inc. and Genworth Life Insurance Company $5 million. At this time we cannot determine or predict the ultimate outcome of any of the pending legal and regulatory matters specifically identified above or the likelihood of potential future legal and regulatory matters against us. Except as disclosed above, we are not able to provide an estimate or range of reasonably possible losses related to these matters. Therefore, we cannot ensure that the current investigations and proceedings will not have a material adverse effect on our business, financial condition or results of operations. In addition, it is possible that related investigations and proceedings may be commenced in the future, and we could become subject to additional unrelated investigations and lawsuits. Increased regulatory scrutiny and any resulting investigations or proceedings could result in new legal precedents and industry-wide regulations or practices that could adversely affect our business, financial condition and results of operations. (b) Commitments As of March 31, 2019, we were committed to fund $747 million in limited partnership investments, $122 million in U.S. commercial mortgage loan investments and $30 million in private placement investments. As of March 31, 2019, we were committed to fund $40 million of bank loan investments which had not yet been drawn.

Changes In Accumulated Other Co

Changes In Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2019
Changes In Accumulated Other Comprehensive Income (Loss)	(11) Changes in Accumulated Other Comprehensive Income The following tables show the changes in accumulated other comprehensive income (loss), net of taxes, by component as of and for the periods indicated: Net Derivatives Foreign (Amounts in millions) (losses) (1) hedges (2) adjustments Total Balances as of January 1, 2019 $ 595 $ 1,781 $ (332 ) $ 2,044 OCI before reclassifications 427 97 54 578 Amounts reclassified from (to) OCI (47 ) (28 ) — (75 ) Current period OCI 380 69 54 503 Balances as of March 31, 2019 before noncontrolling interests 975 1,850 (278 ) 2,547 Less: change in OCI attributable to noncontrolling interests 32 — 23 55 Balances as of March 31, 2019 $ 943 $ 1,850 $ (301 ) $ 2,492 (1) Net of adjustments to DAC, present value of future profits, sales inducements and benefit reserves. See note 4 for additional information. (2) See note 5 for additional information. Net Derivatives Foreign (Amounts in millions) (losses) (1) hedges (2) adjustments Total Balances as of January 1, 2018 $ 1,085 $ 2,065 $ (123 ) $ 3,027 Cumulative effect of changes in accounting 164 14 (47 ) 131 OCI before reclassifications (348 ) (126 ) (87 ) (561 ) Amounts reclassified from (to) OCI 7 (26 ) — (19 ) Current period OCI (341 ) (152 ) (87 ) (580 ) Balances as of March 31, 2018 before noncontrolling interests 908 1,927 (257 ) 2,578 Less: change in OCI attributable to noncontrolling interests (9 ) — (40 ) (49 ) Balances as of March 31, 2018 $ 917 $ 1,927 $ (217 ) $ 2,627 (1) Net of adjustments to DAC, present value of future profits, sales inducements and benefit reserves. See note 4 for additional information. (2) See note 5 for additional information. The foreign currency translation and other adjustments balance included $(2) million and $(14) million, respectively, net of taxes of $1 million and $5 million, respectively, related to a net unrecognized postretirement benefit obligation as of March 31, 2019 and 2018. The amount also includes taxes of $(45) million and $(46) million, respectively, related to foreign currency translation adjustments as of March 31, 2019 and 2018. The March 31, 2018 balance included the impact of adopting new accounting guidance related to stranded tax effects. The following table shows reclassifications in (out) of accumulated other comprehensive income (loss), net of taxes, for the periods presented: (Amounts in millions) Amount reclassified from accumulated other comprehensive income Affected line item in the consolidated statements of income Three months ended March 31, 2019 2018 Net unrealized investment (gains) losses: Unrealized (gains) losses on investments (1) $ (60 ) $ 8 Net investment (gains) losses (Provision) benefit for income taxes 13 (1 ) (Provision) benefit for income taxes Total $ (47 ) $ 7 Derivatives qualifying as hedges: Interest rate swaps hedging assets $ (38 ) $ (35 ) Net investment income Interest rate swaps hedging assets (6 ) (5 ) Net investment (gains) losses Benefit for income taxes 16 14 Benefit for income taxes Total $ (28 ) $ (26 ) (1) Amounts exclude adjustments to DAC, present value of future profits, sales inducements and benefit reserves.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	3 Months Ended
	Mar. 31, 2019
Condensed Consolidating Financial Information	(12) Condensed Consolidating Financial Information Genworth Financial provides a full and unconditional guarantee to the trustee of Genworth Holdings’ outstanding senior and subordinated notes and the holders of the senior and subordinated notes, on an unsecured unsubordinated and subordinated basis, respectively, of the full and punctual payment of the principal of, premium, if any and interest on, and all other amounts payable under, each outstanding series of senior notes and outstanding subordinated notes, and the full and punctual payment of all other amounts payable by Genworth Holdings under the senior and subordinated notes indentures in respect of such senior and subordinated notes. Genworth Holdings is a direct, 100% owned subsidiary of Genworth Financial. The following condensed consolidating financial information of Genworth Financial and its direct and indirect subsidiaries has been prepared pursuant to rules regarding the preparation of consolidating financial information of Regulation S-X. The condensed consolidating financial information presents the condensed consolidating balance sheet information as of March 31, 2019 and December 31, 2018, the condensed consolidating income statement information, the condensed consolidating comprehensive income statement information and the condensed consolidating cash flow statement information for the three months ended March 31, 2019 and 2018. The condensed consolidating financial information reflects Genworth Financial (“Parent Guarantor”), Genworth Holdings (“Issuer”) and each of Genworth Financial’s other direct and indirect subsidiaries (the “All Other Subsidiaries”) on a combined basis, none of which guarantee the senior notes or subordinated notes, as well as the eliminations necessary to present Genworth Financial’s financial information on a consolidated basis and total consolidated amounts. The accompanying condensed consolidating financial information is presented based on the equity method of accounting for all periods presented. Under this method, investments in subsidiaries are recorded at cost and adjusted for the subsidiaries’ cumulative results of operations, capital contributions and distributions, and other changes in equity. Elimination entries include consolidating and eliminating entries for investments in subsidiaries and intercompany activity. The following table presents the condensed consolidating balance sheet information as of March 31, 2019: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Assets Investments: Fixed maturity securities available-for-sale, at fair value $ — $ — $ 61,560 $ (200 ) $ 61,360 Equity securities, at fair value — — 635 — 635 Commercial mortgage loans ($59 are restricted related to a securitization entity) — — 6,988 — 6,988 Policy loans — — 1,994 — 1,994 Other invested assets — 49 1,160 (1 ) 1,208 Investments in subsidiaries 13,222 11,928 — (25,150 ) — Total investments 13,222 11,977 72,337 (25,351 ) 72,185 Cash, cash equivalents and restricted cash — 361 1,860 — 2,221 Accrued investment income — — 733 (7 ) 726 Deferred acquisition costs — — 2,219 — 2,219 Intangible assets and goodwill — — 265 — 265 Reinsurance recoverable — — 17,257 — 17,257 Other assets (4 ) 55 482 (1 ) 532 Intercompany notes receivable — 231 — (231 ) — Deferred tax assets (11 ) 913 (329 ) — 573 Separate account assets — — 6,210 — 6,210 Total assets $ 13,207 $ 13,537 $ 101,034 $ (25,590 ) $ 102,188 Liabilities and equity Liabilities: Future policy benefits $ — $ — $ 38,369 $ — $ 38,369 Policyholder account balances — — 22,651 — 22,651 Liability for policy and contract claims — — 10,536 — 10,536 Unearned premiums — — 3,482 — 3,482 Other liabilities 27 65 1,600 (10 ) 1,682 Intercompany notes payable 106 200 125 (431 ) — Non-recourse funding obligations — — 311 — 311 Long-term borrowings — 3,570 465 — 4,035 Deferred tax liability — — 30 — 30 Separate account liabilities — — 6,210 — 6,210 Total liabilities 133 3,835 83,779 (441 ) 87,306 Equity: Common stock 1 — 3 (3 ) 1 Additional paid-in capital 11,989 9,096 18,429 (27,525 ) 11,989 Accumulated other comprehensive income (loss) 2,492 2,521 2,515 (5,036 ) 2,492 Retained earnings 1,292 (1,915 ) (5,800 ) 7,715 1,292 Treasury stock, at cost (2,700 ) — — — (2,700 ) Total Genworth Financial, Inc.’s stockholders’ equity 13,074 9,702 15,147 (24,849 ) 13,074 Noncontrolling interests — — 2,108 (300 ) 1,808 Total equity 13,074 9,702 17,255 (25,149 ) 14,882 Total liabilities and equity $ 13,207 $ 13,537 $ 101,034 $ (25,590 ) $ 102,188 The following table presents the condensed consolidating balance sheet information as of December 31, 2018: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Assets Investments: Fixed maturity securities available-for-sale, at fair value $ — $ — $ 59,861 $ (200 ) $ 59,661 Equity securities, at fair value — — 655 — 655 Commercial mortgage loans ($62 are restricted related to a securitization entity) — — 6,749 — 6,749 Policy loans — — 1,861 — 1,861 Other invested assets — 86 1,104 (2 ) 1,188 Investments in subsidiaries 12,570 11,462 — (24,032 ) — Total investments 12,570 11,548 70,230 (24,234 ) 70,114 Cash, cash equivalents and restricted cash — 429 1,748 — 2,177 Accrued investment income — — 679 (4 ) 675 Deferred acquisition costs — — 3,263 — 3,263 Intangible assets and goodwill — — 347 — 347 Reinsurance recoverable — — 17,278 — 17,278 Other assets 15 62 397 — 474 Intercompany notes receivable — 180 6 (186 ) — Deferred tax assets 14 907 (185 ) — 736 Separate account assets — — 5,859 — 5,859 Total assets $ 12,599 $ 13,126 $ 99,622 $ (24,424 ) $ 100,923 Liabilities and equity Liabilities: Future policy benefits $ — $ — $ 37,940 $ — $ 37,940 Policyholder account balances — — 22,968 — 22,968 Liability for policy and contract claims — — 10,379 — 10,379 Unearned premiums — — 3,546 — 3,546 Other liabilities 27 97 1,565 (7 ) 1,682 Intercompany notes payable 122 207 57 (386 ) — Non-recourse funding obligations — — 311 — 311 Long-term borrowings — 3,567 458 — 4,025 Deferred tax liability — — 24 — 24 Separate account liabilities — — 5,859 — 5,859 Total liabilities 149 3,871 83,107 (393 ) 86,734 Equity: Common stock 1 — 3 (3 ) 1 Additional paid-in capital 11,987 9,095 18,425 (27,520 ) 11,987 Accumulated other comprehensive income (loss) 2,044 2,144 2,060 (4,204 ) 2,044 Retained earnings 1,118 (1,984 ) (6,012 ) 7,996 1,118 Treasury stock, at cost (2,700 ) — — — (2,700 ) Total Genworth Financial, Inc.’s stockholders’ equity 12,450 9,255 14,476 (23,731 ) 12,450 Noncontrolling interests — — 2,039 (300 ) 1,739 Total equity 12,450 9,255 16,515 (24,031 ) 14,189 Total liabilities and equity $ 12,599 $ 13,126 $ 99,622 $ (24,424 ) $ 100,923 The following table presents the condensed consolidating income statement information for the three months ended March 31, 2019: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Revenues: Premiums $ — $ — $ 1,114 $ — $ 1,114 Net investment income (1 ) 3 831 (4 ) 829 Net investment gains (losses) — (3 ) 77 — 74 Policy fees and other income — — 188 (1 ) 187 Total revenues (1 ) — 2,210 (5 ) 2,204 Benefits and expenses: Benefits and other changes in policy reserves — — 1,301 — 1,301 Interest credited — — 147 — 147 Acquisition and operating expenses, net of deferrals 4 (2 ) 249 — 251 Amortization of deferred acquisition costs and intangibles — — 91 — 91 Interest expense 2 65 10 (5 ) 72 Total benefits and expenses 6 63 1,798 (5 ) 1,862 Income (loss) before income taxes and equity in income of subsidiaries (7 ) (63 ) 412 — 342 Provision (benefit) for income taxes 21 (12 ) 103 — 112 Equity in income of subsidiaries 202 120 — (322 ) — Net income 174 69 309 (322 ) 230 Less: net income attributable to noncontrolling interests — — 56 — 56 Net income available to Genworth Financial, Inc.’s common stockholders $ 174 $ 69 $ 253 $ (322 ) $ 174 The following table presents the condensed consolidating income statement information for the three months ended March 31, 2018: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Revenues: Premiums $ — $ — $ 1,140 $ — $ 1,140 Net investment income (1 ) 3 805 (3 ) 804 Net investment gains (losses) — 6 (37 ) — (31 ) Policy fees and other income — — 203 (1 ) 202 Total revenues (1 ) 9 2,111 (4 ) 2,115 Benefits and expenses: Benefits and other changes in policy reserves — — 1,311 — 1,311 Interest credited — — 156 — 156 Acquisition and operating expenses, net of deferrals 7 — 233 — 240 Amortization of deferred acquisition costs and intangibles — — 104 — 104 Interest expense — 68 12 (4 ) 76 Total benefits and expenses 7 68 1,816 (4 ) 1,887 Income (loss) before income taxes and equity in income of subsidiaries (8 ) (59 ) 295 — 228 Provision (benefit) for income taxes 6 (17 ) 74 — 63 Equity in income of subsidiaries 126 45 — (171 ) — Net income 112 3 221 (171 ) 165 Less: net income attributable to noncontrolling interests — — 53 — 53 Net income available to Genworth Financial, Inc.’s common stockholders $ 112 $ 3 $ 168 $ (171 ) $ 112 The following table presents the condensed consolidating comprehensive income statement information for the three months ended March 31, 2019: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Net income $ 174 $ 69 $ 309 $ (322 ) $ 230 Other comprehensive income, net of taxes: Net unrealized gains (losses) on securities not other-than-temporarily impaired 347 283 379 (630 ) 379 Net unrealized gains (losses) on other-than-temporarily impaired securities 1 1 1 (2 ) 1 Derivatives qualifying as hedges 69 69 77 (146 ) 69 Foreign currency translation and other adjustments 31 24 53 (54 ) 54 Total other comprehensive income 448 377 510 (832 ) 503 Total comprehensive income 622 446 819 (1,154 ) 733 Less: comprehensive income attributable to noncontrolling interests — — 111 — 111 Total comprehensive income available to Genworth Financial, Inc.’s common stockholders $ 622 $ 446 $ 708 $ (1,154 ) $ 622 The following table presents the condensed consolidating comprehensive income statement information for the three months ended March 31, 2018: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Net income $ 112 $ 3 $ 221 $ (171 ) $ 165 Other comprehensive income (loss), net of taxes: Net unrealized gains (losses) on securities not other-than-temporarily impaired (332 ) (295 ) (341 ) 627 (341 ) Derivatives qualifying as hedges (152 ) (153 ) (165 ) 318 (152 ) Foreign currency translation and other adjustments (47 ) (36 ) (88 ) 84 (87 ) Total other comprehensive income (loss) (531 ) (484 ) (594 ) 1,029 (580 ) Total comprehensive loss (419 ) (481 ) (373 ) 858 (415 ) Less: comprehensive income attributable to noncontrolling interests — — 4 — 4 Total comprehensive loss available to Genworth Financial, Inc.’s common stockholders $ (419 ) $ (481 ) $ (377 ) $ 858 $ (419 ) The following table presents the condensed consolidating cash flow statement information for the three months ended March 31, 2019: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Cash flows from (used by) operating activities: Net income $ 174 $ 69 $ 309 $ (322 ) $ 230 Adjustments to reconcile net income to net cash from (used by) operating activities: Equity in income from subsidiaries (202 ) (120 ) — 322 — Dividends from subsidiaries — 47 (47 ) — — Amortization of fixed maturity securities discounts and premiums — 2 (18 ) — (16 ) Net investment (gains) losses — 3 (77 ) — (74 ) Charges assessed to policyholders — — (165 ) — (165 ) Acquisition costs deferred — — (17 ) — (17 ) Amortization of deferred acquisition costs and intangibles — — 91 — 91 Deferred income taxes 26 (3 ) 52 — 75 Derivative instruments and limited partnerships — (10 ) (20 ) — (30 ) Stock-based compensation expense 6 — 1 — 7 Change in certain assets and liabilities: Accrued investment income and other assets 19 — (281 ) 4 (258 ) Insurance reserves — — 301 — 301 Current tax liabilities 15 (9 ) 2 — 8 Other liabilities, policy and contract claims and other policy-related balances (18 ) (18 ) 21 (3 ) (18 ) Net cash from (used by) operating activities 20 (39 ) 152 1 134 Cash flows from (used by) investing activities: Proceeds from maturities and repayments of investments: Fixed maturity securities — — 902 — 902 Commercial mortgage loans — — 127 — 127 Restricted commercial mortgage loans related to a securitization entity — — 3 — 3 Proceeds from sales of investments: Fixed maturity and equity securities — — 1,714 — 1,714 Purchases and originations of investments: Fixed maturity and equity securities — — (2,128 ) — (2,128 ) Commercial mortgage loans — — (370 ) — (370 ) Other invested assets, net — 29 (11 ) (1 ) 17 Policy loans, net — — 12 — 12 Intercompany notes receivable — (51 ) 6 45 — Capital contributions to subsidiaries (3 ) — 3 — — Net cash from (used by) investing activities (3 ) (22 ) 258 44 277 Cash flows used by financing activities: Deposits to universal life and investment contracts — — 198 — 198 Withdrawals from universal life and investment contracts — — (581 ) — (581 ) Repurchase of subsidiary shares — — (12 ) — (12 ) Dividends paid to noncontrolling interests — — (28 ) — (28 ) Intercompany notes payable (16 ) (7 ) 68 (45 ) — Other, net (1 ) — 49 — 48 Net cash used by financing activities (17 ) (7 ) (306 ) (45 ) (375 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash — — 8 — 8 Net change in cash, cash equivalents and restricted cash — (68 ) 112 — 44 Cash, cash equivalents and restricted cash at beginning of period — 429 1,748 — 2,177 Cash, cash equivalents and restricted cash at end of period $ — $ 361 $ 1,860 $ — $ 2,221 The following table presents the condensed consolidating cash flow statement information for the three months ended March 31, 2018: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Cash flows from (used by) operating activities: Net income $ 112 $ 3 $ 221 $ (171 ) $ 165 Adjustments to reconcile net income to net cash from (used by) operating activities: Equity in income from subsidiaries (126 ) (45 ) — 171 — Dividends from subsidiaries — 63 (63 ) — — Amortization of fixed maturity securities discounts and premiums — 1 (26 ) — (25 ) Net investment (gains) losses — (6 ) 37 — 31 Charges assessed to policyholders — — (178 ) — (178 ) Acquisition costs deferred — — (18 ) — (18 ) Amortization of deferred acquisition costs and intangibles — — 104 — 104 Deferred income taxes 9 (47 ) 64 — 26 Derivative instruments and limited partnerships — 17 (169 ) — (152 ) Stock-based compensation expense 8 — (1 ) — 7 Change in certain assets and liabilities: Accrued investment income and other assets 5 16 (63 ) (3 ) (45 ) Insurance reserves — — 377 — 377 Current tax liabilities (23 ) 26 (42 ) — (39 ) Other liabilities, policy and contract claims and other policy-related balances (13 ) (19 ) (117 ) 5 (144 ) Net cash from (used by) operating activities (28 ) 9 126 2 109 Cash flows used by investing activities: Proceeds from maturities and repayments of investments: Fixed maturity securities — — 934 — 934 Commercial mortgage loans — — 205 — 205 Restricted commercial mortgage loans related to a securitization entity — — 8 — 8 Proceeds from sales of investments: Fixed maturity and equity securities — — 792 — 792 Purchases and originations of investments: Fixed maturity and equity securities — — (2,013 ) — (2,013 ) Commercial mortgage loans — — (199 ) — (199 ) Other invested assets, net — — 106 (2 ) 104 Policy loans, net — — 2 — 2 Intercompany notes receivable — (56 ) 59 (3 ) — Net cash used by investing activities — (56 ) (106 ) (5 ) (167 ) Cash flows from (used by) financing activities: Deposits to universal life and investment contracts — — 255 — 255 Withdrawals from universal life and investment contracts — — (591 ) — (591 ) Proceeds from the issuance of long-term debt — 441 — — 441 Repayment of borrowings related to a securitization entity — — (8 ) — (8 ) Repurchase of subsidiary shares — — (36 ) — (36 ) Dividends paid to noncontrolling interests — — (36 ) — (36 ) Intercompany notes payable 31 (59 ) 25 3 — Other, net (3 ) — 25 — 22 Net cash from (used by) financing activities 28 382 (366 ) 3 47 Effect of exchange rate changes on cash, cash equivalents and restricted cash — — (21 ) — (21 ) Net change in cash, cash equivalents and restricted cash — 335 (367 ) — (32 ) Cash, cash equivalents and restricted cash at beginning of period — 795 2,080 — 2,875 Cash, cash equivalents and restricted cash at end of period $ — $ 1,130 $ 1,713 $ — $ 2,843 Our insurance company subsidiaries are restricted by state and foreign laws and regulations as to the amount of dividends they may pay to their parent without regulatory approval in any year, the purpose of which is to protect affected insurance policyholders and contractholders, not stockholders. Any dividends in excess of limits are deemed “extraordinary” and require approval. Based on statutory results as of December 31, 2018, in accordance with applicable dividend restrictions, our subsidiaries could pay dividends of approximately $500 million to us in 2019 without obtaining regulatory approval, and the remaining net assets are considered restricted. While the $500 million is unrestricted, our insurance subsidiaries may not pay dividends to us in 2019 at this level if they need to retain capital for growth and to meet capital requirements and desired thresholds. As of March 31, 2019, Genworth Financial’s and Genworth Holdings’ subsidiaries had restricted net assets of $12.7 billion and $11.7 billion, respectively.

Accounting Changes (Policies)

Accounting Changes (Policies)	3 Months Ended
	Mar. 31, 2019
Disclosue of Accounting Changes [Abstract]
Accounting Pronouncements Recently Adopted	Accounting Pronouncements Recently Adopted On January 1, 2019, we adopted new accounting guidance related to benchmark interest rates used in derivative hedge accounting. The guidance adds an additional permissible U.S. benchmark interest rate, the Secured Overnight Financing Rate, for hedge accounting purposes. We adopted this new accounting guidance using the prospective method, which did not have any impact on our condensed consolidated financial statements and disclosures. On January 1, 2019, we adopted new accounting guidance related to accounting for nonemployee share-based payments. The guidance aligns the measurement and classification of share-based payments to nonemployees issued in exchange for goods or services with the guidance for share-based payments to employees, with certain exceptions. We adopted this new accounting guidance using the modified retrospective method. This guidance is consistent with our previous accounting practices and, accordingly, had no impact on our consolidated financial statements at adoption. On January 1, 2019, we adopted new accounting guidance related to shortening the amortization period of certain callable debt securities held at a premium. The guidance requires the premium to be amortized to the earliest call date. This change does not apply to securities held at a discount. We adopted this new accounting guidance using the modified retrospective method, which had no significant impact on our consolidated financial statements at adoption. On January 1, 2019, we adopted new accounting guidance related to the accounting for leases. The new guidance generally requires lessees to recognize both a right-of-use asset and a corresponding lease liability on the balance sheet. We adopted this new accounting guidance using the effective date transition method, which permits entities to apply the new lease standard using a modified retrospective transition approach at the date of adoption. As such, historical periods will continue to be measured and presented under the previous guidance while current and future periods will be subject to this new accounting guidance. The package of practical expedients was also elected upon adoption. Upon adoption we recorded a $60 . Our leased assets are classified as operating leases and consist of office space in 14 locations primarily in the United States, Canada and Australia. Lease payments included in the calculation of our lease liability include fixed amounts contained within each rental agreement and variable lease payments that are based upon an index or rate. We have elected to combine lease and non-lease components, as permitted under this new accounting guidance, as a result, non-lease components are included in the calculation of our lease liability as opposed to being separated and accounted for as consideration under the new revenue recognition standard. Our remaining lease terms range from 1 to 14 years and have a weighted-average remaining lease term of 7.6 years as of March 31, 2019. The implicit rate of our lease agreements was not readily determinable; therefore, we utilized our incremental borrowing rate to discount future lease payments. The weighted-average discount rate was 6.24% as of March 31, 2019. Our aggregate annual rental expense for all leases under the previous guidance was approximately $11 million. Annual rental expense and future minimum lease payments are not expected to be materially different under this new accounting guidance.
Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Not Yet Adopted In August 2018, the • assumptions will no longer be locked-in at contract inception and all cash flow assumptions used to estimate the liability for future policy benefits will be reviewed at least annually in the same period each year or more frequently if actual experience indicates a change is required; • changes in cash flow assumptions (except the discount rate) will be recorded in net income (loss) using a retrospective approach with a cumulative catch-up adjustment by recalculating the net premium ratio (which will be capped at 100%) using actual historical and updated future cash flow assumptions; • the discount rate used to determine the liability for future policy benefits will be a current upper-medium grade (low credit risk) fixed-income instrument yield, which is generally interpreted to mean a single-A rated bond rate for the same duration, and is required to be reviewed quarterly, with changes in the discount rate recorded in other comprehensive income (loss); • the provision for adverse deviation and the premium deficiency test will be eliminated; • market risk benefits associated with deposit-type contracts will be measured at fair value with changes recorded in net income (loss); • the amortization method for DAC will generally be on a straight-line basis over the expected contract term; and • disclosures will be greatly expanded to include significant assumptions and product liability rollforwards. The guidance is currently effective for us on January 1, 2021 using the modified retrospective method, with early adoption permitted. We are in process of evaluating the new guidance and the impact it will have on our consolidated financial statements. In August 2018, the FASB issued new accounting guidance related to disclosure requirements for defined benefit plans as part of its disclosure framework project. The guidance adds, eliminates and modifies certain disclosure requirements for defined benefit pension and other postretirement benefit plans. The guidance is currently effective for us on January 1, 2020 using the retrospective method, with early adoption permitted. We do not expect any significant impact from this guidance on our consolidated financial statements and disclosures. In August 2018, the FASB issued new accounting guidance related to fair value disclosure requirements as part of its disclosure framework project. The guidance adds, eliminates and modifies certain disclosure requirements for fair value measurements. The guidance includes new disclosure requirements related to the change in unrealized gains and losses included in other comprehensive income (loss) for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted-average of significant unobservable inputs used to develop Level 3 fair value measurements. The guidance is currently effective for us on January 1, 2020 using the prospective method for certain disclosures and the retrospective method for all other disclosures. Early adoption of either the entire standard or only the provisions that eliminate or modify the requirements is permitted. We are in process of evaluating the impact the guidance may have on our consolidated financial statements and disclosures. In June 2016, the FASB issued new accounting guidance related to accounting for credit losses on financial instruments. The guidance requires that entities recognize an allowance equal to its estimate of lifetime expected credit losses and applies to most debt instruments not measured at fair value, which would primarily include our commercial mortgage loans and reinsurance receivables. The new guidance retains most of the existing impairment guidance for available-for-sale debt securities but amends the presentation of credit losses to be presented as an allowance as opposed to a write-down and permits the reversal of credit losses when reassessing changes in the credit losses each reporting period. The new guidance is effective for us on January 1, 2020, with early adoption permitted beginning January 1, 2019. Upon adoption, the modified retrospective method will be used and a cumulative effect adjustment in retained earnings as of the beginning of the year of adoption will be recorded. We are in process of evaluating the impact the guidance may have on our consolidated financial statements.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share	Basic and diluted earnings per share are calculated by dividing each income category presented below by the weighted-average basic and diluted common shares outstanding for the periods indicated: Three months ended March 31, (Amounts in millions, except per share amounts) 2019 2018 Weighted-average shares used in basic earnings per share calculations 501.2 499.6 Potentially dilutive securities: Stock options, restricted stock units and stock appreciation rights 7.4 3.1 Weighted-average shares used in diluted earnings per share calculations 508.6 502.7 Net income: Net income $ 230 $ 165 Less: net income attributable to noncontrolling interests 56 53 Net income available to Genworth Financial, Inc.’s common stockholders $ 174 $ 112 Basic earnings per share: Net income $ 0.46 $ 0.33 Less: net income attributable to noncontrolling interests 0.11 0.11 Net income available to Genworth Financial, Inc.’s common stockholders $ 0.35 $ 0.22 Diluted earnings per share: Net income $ 0.45 $ 0.33 Less: net income attributable to noncontrolling interests 0.11 0.10 Net income available to Genworth Financial, Inc.’s common stockholders (1) $ 0.34 $ 0.22 (1) May not total due to whole number calculation.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2019
Net Investment Income	Sources of net investment income were as follows for the periods indicated: Three months ended March 31, (Amounts in millions) 2019 2018 Fixed maturity securities—taxable $ 643 $ 635 Fixed maturity securities—non-taxable 2 3 Equity securities 9 10 Commercial mortgage loans 81 82 Restricted commercial mortgage loans related to a securitization entity 1 2 Policy loans 46 43 Other invested assets 59 39 Cash, cash equivalents, restricted cash and short-term investments 12 12 Gross investment income before expenses and fees 853 826 Expenses and fees (24 ) (22 ) Net investment income $ 829 $ 804
Net Investment Gains (Losses)	The following table sets forth net investment gains (losses) for the periods indicated: Three months ended March 31, (Amounts in millions) 2019 2018 Available-for-sale securities: Realized gains $ 81 $ 7 Realized losses (22 ) (16 ) Net realized gains (losses) on available-for-sale securities 59 (9 ) Impairments: Total other-than-temporary impairments — — Portion of other-than-temporary impairments included in other comprehensive income — — Net realized gains (losses) on equity securities sold 3 2 Net unrealized gains (losses) on equity securities still held 8 (18 ) Limited partnerships 15 7 Commercial mortgage loans (1 ) — Derivative instruments (1) (10 ) (13 ) Net investment gains (losses) $ 74 $ (31 ) (1) See note 5 for additional information on the impact of derivative instruments included in net investment gains (losses).
Credit Losses Recognized in Net Income (Loss)	The following represents the activity for credit losses recognized in net income on debt securities where an other-than-temporary impairment was identified and a portion of other-than-temporary impairments was included in other comprehensive income (“OCI”) as of and for the three months ended March 31: (Amounts in millions) 2019 2018 Beginning balance $ 24 $ 32 Reductions: Securities sold, paid down or disposed (1 ) (4 ) Ending balance $ 23 $ 28
Unrealized Investment Gains and Losses	Net unrealized gains and losses on available-for-sale investment securities reflected as a separate component of accumulated other comprehensive income (loss) were as follows as of the dates indicated: (Amounts in millions) March 31, 2019 December 31, 2018 Net unrealized gains (losses) on fixed maturity securities (1) $ 3,714 $ 1,775 Adjustments to deferred acquisition costs, present value of future profits, sales inducements and benefit reserves (2,401 ) (952 ) Income taxes, net (300 ) (190 ) Net unrealized investment gains (losses) 1,013 633 Less: net unrealized investment gains (losses) attributable to noncontrolling interests 70 38 Net unrealized investment gains (losses) attributable to Genworth Financial, Inc. $ 943 $ 595 (1) Excludes foreign exchange.
Change in Net Unrealized Gains (Losses) on Available-for-Sale Investment Securities Reported in Accumulated Other Comprehensive Income (Loss)	The change in net unrealized gains (losses) on available-for-sale investment securities reported in accumulated other comprehensive income was as follows as of and for the three months ended March 31: (Amounts in millions) 2019 2018 Beginning balance $ 595 $ 1,085 Cumulative effect of changes in accounting: Stranded tax effects — 189 Recognition and measurement of financial assets and liabilities, net of taxes of $— and $18 — (25 ) Total cumulative effect of changes in accounting — 164 Unrealized gains (losses) arising during the period: Unrealized gains (losses) on investment securities 1,999 (1,681 ) Adjustment to deferred acquisition costs (989 ) 442 Adjustment to present value of future profits (53 ) 36 Adjustment to sales inducements (19 ) 20 Adjustment to benefit reserves (388 ) 740 Provision for income taxes (123 ) 95 Change in unrealized gains (losses) on investment securities 427 (348 ) Reclassification adjustments to net investment (gains) losses, net of taxes of $13 and $(1) (47 ) 7 Change in net unrealized investment gains (losses) 380 (341 ) Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests 32 (9 ) Ending balance $ 943 $ 917
Fixed Maturity and Equity Securities	As of March 31, 2019, the amortized cost or cost, gross unrealized gains (losses) and fair value of our fixed maturity securities classified as available-for-sale were as follows: Gross unrealized gains Gross unrealized losses Amortized Not other-than- Other-than- Not other-than- Other-than- cost or temporarily temporarily temporarily temporarily Fair (Amounts in millions) cost impaired impaired impaired impaired value Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 4,116 $ 619 $ — $ (4 ) $ — $ 4,731 State and political subdivisions 2,329 223 — (6 ) — 2,546 Non-U.S. government 2,403 121 — (6 ) — 2,518 U.S. corporate: Utilities 4,296 426 — (37 ) — 4,685 Energy 2,447 186 — (15 ) — 2,618 Finance and insurance 6,883 405 — (37 ) — 7,251 Consumer—non-cyclical 4,905 407 — (55 ) — 5,257 Technology and communications 2,832 161 — (19 ) — 2,974 Industrial 1,194 67 — (12 ) — 1,249 Capital goods 2,283 225 — (19 ) — 2,489 Consumer—cyclical 1,579 83 — (16 ) — 1,646 Transportation 1,271 107 — (16 ) — 1,362 Other 379 33 — (1 ) — 411 Total U.S. corporate 28,069 2,100 — (227 ) — 29,942 Non-U.S. corporate: Utilities 1,100 36 — (9 ) — 1,127 Energy 1,327 124 — (4 ) — 1,447 Finance and insurance 2,434 129 — (9 ) — 2,554 Consumer—non-cyclical 699 19 — (9 ) — 709 Technology and communications 1,151 52 — (6 ) — 1,197 Industrial 920 56 — (3 ) — 973 Capital goods 644 21 — (3 ) — 662 Consumer—cyclical 537 8 — (4 ) — 541 Transportation 756 65 — (6 ) — 815 Other 2,127 139 — (6 ) — 2,260 Total non-U.S. corporate 11,695 649 — (59 ) — 12,285 Residential mortgage-backed 2,762 181 13 (6 ) — 2,950 Commercial mortgage-backed 2,946 64 — (48 ) — 2,962 Other asset-backed 3,422 18 1 (15 ) — 3,426 Total available-for-sale fixed maturity securities $ 57,742 $ 3,975 $ 14 $ (371 ) $ — $ 61,360 As of December 31, 2018, the amortized cost or cost, gross unrealized gains (losses) and fair value of our fixed maturity securities classified as available-for-sale were as follows: Gross unrealized gains Gross unrealized losses Amortized Not other-than- Other-than- Not other-than- Other-than- cost or temporarily temporarily temporarily temporarily Fair (Amounts in millions) cost impaired impaired impaired impaired value Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 4,175 $ 473 $ — $ (17 ) $ — $ 4,631 State and political subdivisions 2,406 168 — (22 ) — 2,552 Non-U.S. government 2,345 72 — (24 ) — 2,393 U.S. corporate: Utilities 4,439 331 — (95 ) — 4,675 Energy 2,382 101 — (64 ) — 2,419 Finance and insurance 6,705 249 — (132 ) — 6,822 Consumer—non-cyclical 4,891 294 — (137 ) — 5,048 Technology and communications 2,823 110 — (78 ) — 2,855 Industrial 1,230 41 — (33 ) — 1,238 Capital goods 2,277 165 — (51 ) — 2,391 Consumer—cyclical 1,592 53 — (48 ) — 1,597 Transportation 1,283 78 — (41 ) — 1,320 Other 376 24 — (3 ) — 397 Total U.S. corporate 27,998 1,446 — (682 ) — 28,762 Non-U.S. corporate: Utilities 1,056 17 — (32 ) — 1,041 Energy 1,320 72 — (23 ) — 1,369 Finance and insurance 2,391 72 — (40 ) — 2,423 Consumer—non-cyclical 756 8 — (25 ) — 739 Technology and communications 1,168 23 — (26 ) — 1,165 Industrial 926 36 — (17 ) — 945 Capital goods 615 10 — (10 ) — 615 Consumer—cyclical 532 1 — (13 ) — 520 Transportation 689 46 — (15 ) — 720 Other 2,218 105 — (23 ) — 2,300 Total non-U.S. corporate 11,671 390 — (224 ) — 11,837 Residential mortgage-backed 2,888 160 13 (17 ) — 3,044 Commercial mortgage-backed 3,054 43 — (81 ) — 3,016 Other asset-backed 3,444 10 1 (29 ) — 3,426 Total available-for-sale fixed maturity securities $ 57,981 $ 2,762 $ 14 $ (1,096 ) $ — $ 59,661
Gross Unrealized Losses and Fair Values of Securities in a Continuous Unrealized Loss Position	The following table presents the gross unrealized losses and fair values of our fixed maturity securities, aggregated by investment type and length of time that individual fixed maturity securities have been in a continuous unrealized loss position, as of March 31, 2019: Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Number of Fair unrealized Number of Fair unrealized Number of (Dollar amounts in millions) value losses securities value losses securities value losses securities Description of Securities Fixed maturity securities: U.S. government, agencies and government-sponsored $ — $ — — $ 229 $ (4) 31 $ 229 $ (4) 31 State and political subdivisions 11 — 3 259 (6 ) 60 270 (6 ) 63 Non-U.S. government 62 — 11 331 (6 ) 36 393 (6 ) 47 U.S. corporate 1,247 (37 ) 153 5,003 (190 ) 698 6,250 (227 ) 851 Non-U.S. corporate 354 (6 ) 57 1,922 (53 ) 296 2,276 (59 ) 353 Residential mortgage-backed 46 (1 ) 9 476 (5 ) 85 522 (6 ) 94 Commercial mortgage-backed 168 (4 ) 22 933 (44 ) 143 1,101 (48 ) 165 Other asset-backed 981 (10 ) 209 707 (5 ) 162 1,688 (15 ) 371 Total for fixed maturity securities in an unrealized loss position $ 2,869 $ (58 ) 464 $ 9,860 $ (313 ) 1,511 $ 12,729 $ (371 ) 1,975 % Below cost: <20% Below cost $ 2,869 $ (58 ) 464 $ 9,839 $ (304 ) 1,505 $ 12,708 $ (362 ) 1,969 20%-50% Below cost — — — 18 (6 ) 3 18 (6 ) 3 >50% Below cost — — — 3 (3 ) 3 3 (3 ) 3 Total for fixed maturity securities in an unrealized loss position $ 2,869 $ (58 ) 464 $ 9,860 $ (313 ) 1,511 $ 12,729 $ (371 ) 1,975 Investment grade $ 2,639 $ (51 ) 434 $ 9,439 $ (292 ) 1,446 $ 12,078 $ (343 ) 1,880 Below investment grade 230 (7 ) 30 421 (21 ) 65 651 (28 ) 95 Total for fixed maturity securities in an unrealized loss position $ 2,869 $ (58 ) 464 $ 9,860 $ (313 ) 1,511 $ 12,729 $ (371 ) 1,975 The following table presents the gross unrealized losses and fair values of our corporate securities, aggregated by investment type and length of time that individual investment securities have been in a continuous unrealized loss position, based on industry, as of March 31, 2019:
Maturity Distribution of Fixed Maturity Securities	The scheduled maturity distribution of fixed maturity securities as of March 31, 2019 is set forth below. Actual maturities may differ from contractual maturities because issuers of securities may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized cost or Fair (Amounts in millions) cost value Due one year or less $ 2,005 $ 2,021 Due after one year through five years 10,826 11,105 Due after five years through ten years 12,265 12,770 Due after ten years 23,516 26,126 Subtotal 48,612 52,022 Residential mortgage-backed 2,762 2,950 Commercial mortgage-backed 2,946 2,962 Other asset-backed 3,422 3,426 Total $ 57,742 $ 61,360
Aging of Past Due Commercial Mortgage Loans by Property Type	The following tables set forth the aging of past due commercial mortgage loans by property type as of the dates indicated: March 31, 2019 Greater than 31 - 60 days 61 - 90 days 90 days past Total (Amounts in millions) past due past due due past due Current Total Property type: Retail $ — $ — $ — $ — $ 2,548 $ 2,548 Industrial — — — — 1,678 1,678 Office — — 3 3 1,668 1,671 Apartments — — — — 520 520 Mixed use — — — — 254 254 Other — — — — 272 272 Total recorded investment $ — $ — $ 3 $ 3 $ 6,940 $ 6,943 % of total commercial mortgage loans — % — % — % — % 100 % 100 % December 31, 2018 Greater than 31 - 60 days 61 - 90 days 90 days past Total (Amounts in millions) past due past due due past due Current Total Property type: Retail $ 3 $ — $ — $ 3 $ 2,460 $ 2,463 Industrial — — — — 1,659 1,659 Office — — 3 3 1,545 1,548 Apartments — — — — 495 495 Mixed use — — — — 254 254 Other — — — — 281 281 Total recorded investment $ 3 $ — $ 3 $ 6 $ 6,694 $ 6,700 % of total commercial mortgage loans — % — % — % — % 100 % 100 %
Allowance for Credit Losses and Recorded Investment in Commercial Mortgage Loans	The following table sets forth the allowance for credit losses and recorded investment in commercial mortgage loans as of or for the periods indicated: Three months ended March 31, (Amounts in millions) 2019 2018 Allowance for credit losses: Beginning balance $ 9 $ 9 Charge-offs — — Recoveries — — Provision 1 — Ending balance $ 10 $ 9 Ending allowance for individually impaired loans $ — $ — Ending allowance for loans not individually impaired that were evaluated collectively for impairment $ 10 $ 9 Recorded investment: Ending balance $ 6,943 $ 6,348 Ending balance of individually impaired loans $ 3 $ 6 Ending balance of loans not individually impaired that were evaluated collectively for impairment $ 6,940 $ 6,342
Investment Securities
Gross Unrealized Losses and Fair Values of Securities in a Continuous Unrealized Loss Position	The following table presents the gross unrealized losses and fair values of our fixed maturity securities, aggregated by investment type and length of time that individual fixed maturity securities have been in a continuous unrealized loss position, as of March 31, 2019: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair value Gross unrealized losses Number of securities Fair value Gross unrealized losses Number of securities Fair value Gross unrealized losses Number of securities Description of Securities Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ — $ — — $ 229 $ (4 ) 31 $ 229 $ (4 ) 31 State and political subdivisions 11 — 3 259 (6 ) 60 270 (6 ) 63 Non-U.S. government 62 — 11 331 (6 ) 36 393 (6 ) 47 U.S. corporate 1,247 (37 ) 153 5,003 (190 ) 698 6,250 (227 ) 851 Non-U.S. corporate 354 (6 ) 57 1,922 (53 ) 296 2,276 (59 ) 353 Residential mortgage-backed 46 (1 ) 9 476 (5 ) 85 522 (6 ) 94 Commercial mortgage-backed 168 (4 ) 22 933 (44 ) 143 1,101 (48 ) 165 Other asset-backed 981 (10 ) 209 707 (5 ) 162 1,688 (15 ) 371 Total for fixed maturity securities in an unrealized loss position $ 2,869 $ (58 ) 464 $ 9,860 $ (313 ) 1,511 $ 12,729 $ (371 ) 1,975 % Below cost: <20% Below cost $ 2,869 $ (58 ) 464 $ 9,839 $ (304 ) 1,505 $ 12,708 $ (362 ) 1,969 20%-50% Below cost — — — 18 (6 ) 3 18 (6 ) 3 >50% Below cost — — — 3 (3 ) 3 3 (3 ) 3 Total for fixed maturity securities in an unrealized loss position $ 2,869 $ (58 ) 464 $ 9,860 $ (313 ) 1,511 $ 12,729 $ (371 ) 1,975 Investment grade $ 2,639 $ (51 ) 434 $ 9,439 $ (292 ) 1,446 $ 12,078 $ (343 ) 1,880 Below investment grade 230 (7 ) 30 421 (21 ) 65 651 (28 ) 95 Total for fixed maturity securities in an unrealized loss position $ 2,869 $ (58 ) 464 $ 9,860 $ (313 ) 1,511 $ 12,729 $ (371 ) 1,975 The following table presents the gross unrealized losses and fair values of our corporate securities, aggregated by investment type and length of time that individual investment securities have been in a continuous unrealized loss position, based on industry, as of March 31, 2019: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair value Gross unrealized losses Number of securities Fair value Gross unrealized losses Number of securities Fair value Gross unrealized losses Number of securities Description of Securities U.S. corporate: Utilities $ 217 $ (7 ) 22 $ 697 $ (30 ) 103 $ 914 $ (37 ) 125 Energy 60 — 15 368 (15 ) 49 428 (15 ) 64 Finance and insurance 203 (5 ) 27 1,398 (32 ) 198 1,601 (37 ) 225 Consumer—non-cyclical 313 (13 ) 27 813 (42 ) 104 1,126 (55 ) 131 Technology and communications 95 (4 ) 17 446 (15 ) 66 541 (19 ) 83 Industrial 98 (2 ) 10 193 (10 ) 27 291 (12 ) 37 Capital goods 87 (2 ) 15 359 (17 ) 48 446 (19 ) 63 Consumer—cyclical 59 — 12 397 (16 ) 53 456 (16 ) 65 Transportation 99 (3 ) 7 316 (13 ) 49 415 (16 ) 56 Other 16 (1 ) 1 16 — 1 32 (1 ) 2 Subtotal, U.S. corporate securities 1,247 (37 ) 153 5,003 (190 ) 698 6,250 (227 ) 851 Non-U.S. corporate: Utilities 24 — 2 259 (9 ) 30 283 (9 ) 32 Energy 29 — 4 187 (4 ) 26 216 (4 ) 30 Finance and insurance 39 — 9 475 (9 ) 73 514 (9 ) 82 Consumer—non-cyclical 38 (1 ) 9 208 (8 ) 25 246 (9 ) 34 Technology and communications 89 (2 ) 7 136 (4 ) 28 225 (6 ) 35 Industrial 8 — 4 135 (3 ) 18 143 (3 ) 22 Capital goods 23 — 4 116 (3 ) 16 139 (3 ) 20 Consumer—cyclical 37 (1 ) 6 128 (3 ) 25 165 (4 ) 31 Transportation 38 (1 ) 6 102 (5 ) 18 140 (6 ) 24 Other 29 (1 ) 6 176 (5 ) 37 205 (6 ) 43 Subtotal, non-U.S. corporate securities 354 (6 ) 57 1,922 (53 ) 296 2,276 (59 ) 353 Total for corporate securities in an unrealized loss position $ 1,601 $ (43 ) 210 $ 6,925 $ (243 ) 994 $ 8,526 $ (286 ) 1,204 For all securities in an unrealized loss position, we expect to recover the amortized cost based on our estimate of the amount and timing of cash flows to be collected. We do not intend to sell nor do we expect that we will be required to sell these securities prior to recovering our amortized cost. The following table presents the gross unrealized losses and fair values of our fixed maturity securities, aggregated by investment type and length of time that individual fixed maturity securities have been in a continuous unrealized loss position, as of December 31, 2018: Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Number of Fair unrealized Number of Fair unrealized Number of (Dollar amounts in millions) value losses securities value losses securities value losses securities Description of Securities U.S. corporate: Utilities $ 217 $ (7 ) 22 $ 697 $ (30 ) 103 $ 914 $ (37 ) 125 Energy 60 — 15 368 (15 ) 49 428 (15 ) 64 Finance and insurance 203 (5 ) 27 1,398 (32 ) 198 1,601 (37 ) 225 Consumer— 313 (13 ) 27 813 (42 ) 104 1,126 (55 ) 131 Technology and communications 95 (4 ) 17 446 (15 ) 66 541 (19 ) 83 Industrial 98 (2 ) 10 193 (10 ) 27 291 (12 ) 37 Capital goods 87 (2 ) 15 359 (17 ) 48 446 (19 ) 63 Consumer—cyclical 59 — 12 397 (16 ) 53 456 (16 ) 65 Transportation 99 (3 ) 7 316 (13 ) 49 415 (16 ) 56 Other 16 (1 ) 1 16 — 1 32 (1 ) 2 Subtotal, U.S. corporate 1,247 (37 ) 153 5,003 (190 ) 698 6,250 (227 ) 851 Non-U.S. corporate: Utilities 24 — 2 259 (9 ) 30 283 (9 ) 32 Energy 29 — 4 187 (4 ) 26 216 (4 ) 30 Finance and insurance 39 — 9 475 (9 ) 73 514 (9 ) 82 Consumer— 38 (1 ) 9 208 (8 ) 25 246 (9 ) 34 Technology and communications 89 (2 ) 7 136 (4 ) 28 225 (6 ) 35 Industrial 8 — 4 135 (3 ) 18 143 (3 ) 22 Capital goods 23 — 4 116 (3 ) 16 139 (3 ) 20 Consumer—cyclical 37 (1 ) 6 128 (3 ) 25 165 (4 ) 31 Transportation 38 (1 ) 6 102 (5 ) 18 140 (6 ) 24 Other 29 (1 ) 6 176 (5 ) 37 205 (6 ) 43 Subtotal, non-U.S. corporate 354 (6 ) 57 1,922 (53 ) 296 2,276 (59 ) 353 Total for corporate securities in an unrealized loss position $ 1,601 $ (43 ) 210 $ 6,925 $ (243 ) 994 $ 8,526 $ (286 ) 1,204 For all securities in an unrealized loss position, we expect to recover the amortized cost based on our estimate of the amount and timing of cash flows to be collected. We do not intend to sell nor do we expect that we will be required to sell these securities prior to recovering our amortized cost. The following table presents the gross unrealized losses and fair values of our fixed maturity securities, aggregated by investment type and length of time that individual fixed maturity securities have been in a continuous unrealized loss position, as of December 31, 2018: Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Number of Fair unrealized Number of Fair unrealized Number of (Dollar amounts in millions) value losses securities value losses securities value losses securities Description of Securities Fixed maturity securities: U.S. government, agencies and government-sponsored $ 545 $ (8 ) 17 $ 161 $ (9 ) 26 $ 706 $ (17 ) 43 State and political subdivisions 371 (10 ) 63 233 (12 ) 57 604 (22 ) 120 Non-U.S. government 261 (7 ) 51 508 (17 ) 35 769 (24 ) 86 U.S. corporate 9,975 (472 ) 1,342 2,449 (210 ) 365 12,424 (682 ) 1,707 Non-U.S. corporate 4,172 (150 ) 614 1,274 (74 ) 209 5,446 (224 ) 823 Residential mortgage-backed 363 (6 ) 57 579 (11 ) 96 942 (17 ) 153 Commercial mortgage-backed 758 (19 ) 115 870 (62 ) 130 1,628 (81 ) 245 Other asset-backed 1,597 (23 ) 326 604 (6 ) 137 2,201 (29 ) 463 Total for fixed maturity securities in $ 18,042 $ (695 ) 2,585 $ 6,678 $ (401 ) 1,055 $ 24,720 $ (1,096 ) 3,640 % Below cost—fixed maturity <20% Below cost $ 18,008 $ (685 ) 2,581 $ 6,624 $ (383 ) 1,045 $ 24,632 $ (1,068 ) 3,626 20%-50% Below cost 34 (10 ) 4 54 (18 ) 10 88 (28 ) 14 Total for fixed maturity securities in $ 18,042 $ (695 ) 2,585 $ 6,678 $ (401 ) 1,055 $ 24,720 $ (1,096 ) 3,640 Investment grade $ 16,726 $ (615 ) 2,393 $ 6,508 $ (379 ) 1,024 $ 23,234 $ (994 ) 3,417 Below investment grade 1,316 (80 ) 192 170 (22 ) 31 1,486 (102 ) 223 Total for fixed maturity securities in $ 18,042 $ (695 ) 2,585 $ 6,678 $ (401 ) 1,055 $ 24,720 $ (1,096 ) 3,640 The following table presents the gross unrealized losses and fair values of our corporate securities, aggregated by investment type and length of time that individual investment securities have been in a continuous unrealized loss position, based on industry, as of December 31, 2018: Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Number of Fair unrealized Number of Fair unrealized Number of (Dollar amounts in millions) value losses securities value losses securities value losses securities Description of Securities U.S. corporate: Utilities $ 1,246 $ (61 ) 173 $ 343 $ (34 ) 60 $ 1,589 $ (95 ) 233 Energy 944 (47 ) 135 152 (17 ) 23 1,096 (64 ) 158 Finance and insurance 2,393 (92 ) 326 688 (40 ) 95 3,081 (132 ) 421 Consumer—non-cyclical 1,826 (101 ) 203 389 (36 ) 55 2,215 (137 ) 258 Technology and communications 1,135 (51 ) 152 263 (27 ) 34 1,398 (78 ) 186 Industrial 506 (27 ) 63 74 (6 ) 13 580 (33 ) 76 Capital goods 704 (31 ) 103 184 (20 ) 27 888 (51 ) 130 Consumer—cyclical 738 (35 ) 123 162 (13 ) 26 900 (48 ) 149 Transportation 435 (25 ) 60 179 (16 ) 31 614 (41 ) 91 Other 48 (2 ) 4 15 (1 ) 1 63 (3 ) 5 Subtotal, U.S. corporate 9,975 (472 ) 1,342 2,449 (210 ) 365 12,424 (682 ) 1,707 Non-U.S. corporate: Utilities 404 (19 ) 58 173 (13 ) 24 577 (32 ) 82 Energy 439 (15 ) 64 136 (8 ) 20 575 (23 ) 84 Finance and insurance 899 (25 ) 151 294 (15 ) 52 1,193 (40 ) 203 Consumer—non-cyclical 377 (16 ) 51 102 (9 ) 14 479 (25 ) 65 Technology and communications 611 (24 ) 75 50 (2 ) 12 661 (26 ) 87 Industrial 275 (11 ) 48 72 (6 ) 8 347 (17 ) 56 Capital goods 226 (7 ) 27 69 (3 ) 13 295 (10 ) 40 Consumer—cyclical 268 (11 ) 42 117 (2 ) 19 385 (13 ) 61 Transportation 232 (7 ) 27 67 (8 ) 11 299 (15 ) 38 Other 441 (15 ) 71 194 (8 ) 36 635 (23 ) 107 Subtotal, non-U.S. corporate 4,172 (150 ) 614 1,274 (74 ) 209 5,446 (224 ) 823 Total for corporate securities in an unrealized loss position $ 14,147 $ (622 ) 1,956 $ 3,723 $ (284 ) 574 $ 17,870 $ (906 ) 2,530
Loan To Value Ratio
Commercial Mortgage Loans by Property Type	The following tables set forth the loan-to-value of commercial mortgage loans by property type as of the dates indicated: March 31, 2019 Greater (Amounts in millions) 0% - 50% 51% - 60% 61% - 75% 76% - 100% than 100% (1) Total Property type: Retail $ 877 $ 537 $ 1,119 $ 15 $ — $ 2,548 Industrial 738 290 634 14 2 1,678 Office 588 371 712 — — 1,671 Apartments 208 90 217 5 — 520 Mixed use 104 45 105 — — 254 Other 43 68 161 — — 272 Total recorded investment $ 2,558 $ 1,401 $ 2,948 $ 34 $ 2 $ 6,943 % of total 37 % 20 % 43 % — % — % 100 % Weighted-average debt service coverage ratio 2.42 1.80 1.58 1.46 0.88 1.93 (1) Included a loan with a recorded investment of $2 million in good standing, where the borrower continued to make timely payments, with a loan-to-value of 104%. We evaluated this loan on an individual basis and as it is in good standing, the current recorded investment is expected to be recoverable. December 31, 2018 Greater (Amounts in millions) 0% - 50% 51% - 60% 61% - 75% 76% - 100% than 100% (1) Total Property type: Retail $ 866 $ 565 $ 1,017 $ 15 $ — $ 2,463 Industrial 749 279 615 14 2 1,659 Office 585 373 588 2 — 1,548 Apartments 206 95 189 5 — 495 Mixed use 105 36 113 — — 254 Other 43 78 160 — — 281 Total recorded investment $ 2,554 $ 1,426 $ 2,682 $ 36 $ 2 $ 6,700 % of total 38 % 21 % 40 % 1 % — % 100 % Weighted-average debt service coverage ratio 2.42 2.04 1.59 1.38 0.88 2.00 (1) Included a loan with a recorded investment of $2 million in good standing, where the borrower continued to make timely payments, with a loan-to-value of 105%. We evaluated this loan on an individual basis and as it is in good standing, the current recorded investment is expected to be recoverable.
Debt Service Coverage Ratio
Commercial Mortgage Loans by Property Type	The following tables set forth the debt service coverage ratio for fixed rate commercial mortgage loans by property type as of the dates indicated: March 31, 2019 Greater (Amounts in millions) Less than 1.00 1.00 - 1.25 1.26 - 1.50 1.51 - 2.00 than 2.00 Total Property type: Retail $ 35 $ 155 $ 572 $ 1,216 $ 570 $ 2,548 Industrial 22 69 259 667 661 1,678 Office 53 56 203 836 523 1,671 Apartments 4 24 108 191 193 520 Mixed use 3 18 52 80 101 254 Other 13 133 52 40 34 272 Total recorded investment $ 130 $ 455 $ 1,246 $ 3,030 $ 2,082 $ 6,943 % of total 2 % 7 % 18 % 43 % 30 % 100 % Weighted-average loan-to-value 56 % 61 % 64 % 59 % 42 % 55 % December 31, 2018 Greater (Amounts in millions) Less than 1.00 1.00 - 1.25 1.26 - 1.50 1.51 - 2.00 than 2.00 Total Property type: Retail $ 43 $ 157 $ 448 $ 1,234 $ 581 $ 2,463 Industrial 22 75 233 653 676 1,659 Office 57 56 156 765 514 1,548 Apartments 4 24 104 168 195 495 Mixed use 3 19 51 80 101 254 Other 13 134 50 50 34 281 Total recorded investment $ 142 $ 465 $ 1,042 $ 2,950 $ 2,101 $ 6,700 % of total 2 % 7 % 16 % 44 % 31 % 100 % Weighted-average loan-to-value 57 % 61 % 62 % 59 % 42 % 54 %
Other Geographic Area | Commercial Mortgage Loan
Distribution Across Property Type and Geographic Region for Commercial Mortgage Loans	We diversify our commercial mortgage loans by both property type and geographic region. The following tables set forth the distribution across property type and geographic region for commercial mortgage loans as of the dates indicated: March 31, 2019 December 31, 2018 (Amounts in millions) Carrying % of Carrying % of Property type: Retail $ 2,548 37 % $ 2,463 37 % Industrial 1,678 24 1,659 25 Office 1,671 24 1,548 23 Apartments 520 7 495 7 Mixed use 254 4 254 4 Other 272 4 281 4 Subtotal 6,943 100 % 6,700 100 % Unamortized balance of loan origination fees and costs (4 ) (4 ) Allowance for losses (10 ) (9 ) Total $ 6,929 $ 6,687 March 31, 2019 December 31, 2018 (Amounts in millions) Carrying % of Carrying % of Geographic region: South Atlantic $ 1,739 25 % $ 1,709 26 % Pacific 1,705 25 1,684 25 Middle Atlantic 1,020 15 950 14 Mountain 688 10 667 10 West North Central 486 7 470 7 East North Central 449 6 405 6 West South Central 369 5 364 6 New England 267 4 228 3 East South Central 220 3 223 3 Subtotal 6,943 100 % 6,700 100 % Unamortized balance of loan origination fees and costs (4 ) (4 ) Allowance for losses (10 ) (9 ) Total $ 6,929 $ 6,687

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2019
Schedule Of Positions in Derivative Instruments	The following table sets forth our positions in derivative instruments as of the dates indicated: Derivative assets Derivative liabilities Fair value Fair value Balance March 31, December 31, Balance March 31, December 31, (Amounts in millions) sheet classification 2019 2018 sheet classification 2019 2018 Derivatives designated as Cash flow hedges: Interest rate swaps Other invested assets $ 59 $ 42 Other liabilities $ 49 $ 102 Foreign currency swaps Other invested assets 3 6 Other liabilities — — Total cash flow hedges 62 48 49 102 Total derivatives 62 48 49 102 Derivatives not designated as Interest rate swaps in a foreign currency Other invested assets 46 74 Other liabilities — — Interest rate caps and floors Other invested assets 13 7 Other liabilities — — Foreign currency swaps Other invested assets — — Other liabilities 13 23 Equity index options Other invested assets 60 39 Other liabilities — — Financial futures Other invested assets — — Other liabilities — — Equity return swaps Other invested assets — — Other liabilities 1 1 Other foreign currency Other invested assets 6 10 Other liabilities 25 42 GMWB embedded derivatives Reinsurance (1) 18 20 Policyholder (2) 295 337 Fixed index annuity embedded Other assets — — Policyholder (3) 423 389 Indexed universal life embedded derivatives Reinsurance — — Policyholder (4) 13 12 Total derivatives not 143 150 770 804 Total derivatives $ 205 $ 198 $ 819 $ 906 (1) Represents embedded derivatives associated with the reinsured portion of our guaranteed minimum withdrawal benefits (“GMWB”) liabilities. (2) Represents the embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. (3) Represents the embedded derivatives associated with our fixed index annuity liabilities. (4) Represents the embedded derivatives associated with our indexed universal life liabilities.
Schedule of Notional Amounts Outstanding on Derivative Instruments	The following tables represent activity associated with derivative instruments as of the dates indicated: December 31, Maturities/ March 31, (Notional in millions) Measurement 2018 Additions terminations 2019 Derivatives designated as hedges Cash flow hedges: Interest rate swaps Notional $ 9,924 $ — $ (654 ) $ 9,270 Foreign currency swaps Notional 80 35 (22 ) 93 Total cash flow hedges 10,004 35 (676 ) 9,363 Total derivatives designated as hedges 10,004 35 (676 ) 9,363 Derivatives not designated as hedges Interest rate swaps Notional 4,674 — — 4,674 Interest rate swaps in a foreign currency Notional 2,565 98 (44 ) 2,619 Interest rate caps and floors Notional 2,624 84 (38 ) 2,670 Foreign currency swaps Notional 453 — (2 ) 451 Equity index options Notional 2,628 503 (580 ) 2,551 Financial futures Notional 1,415 1,759 (1,968 ) 1,206 Equity return swaps Notional 17 1 — 18 Other foreign currency contracts Notional 1,080 1,386 (1,414 ) 1,052 Total derivatives not designated as hedges 15,456 3,831 (4,046 ) 15,241 Total derivatives $ 25,460 $ 3,866 $ (4,722 ) $ 24,604 December 31, Maturities/ March 31, (Number of policies) Measurement 2018 Additions terminations 2019 Derivatives not designated as hedges GMWB embedded derivatives Policies 27,886 — (577 ) 27,309 Fixed index annuity embedded derivatives Policies 16,464 — (213 ) 16,251 Indexed universal life embedded derivatives Policies 929 — (11 ) 918
Schedule of Pre-Tax Income (Loss) Effects of Cash Flow Hedges	The following table provides information about the pre-tax Gain (loss) reclassified into Classification of gain Gain (loss) Classification of gain Gain (loss) net income (loss) reclassified into recognized in (loss) recognized in (Amounts in millions) recognized in OCI from OCI net income net income net income Interest rate swaps hedging assets $ 137 $ 38 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging assets — 6 Net investment gains (losses) — Net investment gains (losses) Interest rate swaps hedging liabilities (12 ) — Interest expense — Net investment gains (losses) Foreign currency swaps (3 ) — Net investment income 2 Net investment gains (losses) Total $ 122 $ 44 $ 2 The following table provides information about the pre-tax Gain (loss) reclassified into Classification of gain Gain (loss) Classification of gain Gain (loss) net income (loss) reclassified into recognized in (loss) recognized in (Amounts in millions) recognized in OCI from OCI net income net income net income Interest rate swaps hedging assets $ (173 ) $ 35 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging assets — 5 Net investment gains (losses) — Net investment gains (losses) Interest rate swaps hedging liabilities 17 — Interest expense — Net investment gains (losses) Foreign currency swaps (1 ) — Net investment income — Net investment gains (losses) Total $ (157 ) $ 40 $ —
Reconciliation of Current Period Changes, Net of Applicable Income Taxes, for Derivatives Qualifying as Hedge	The following table provides a reconciliation of current period changes, net of applicable income taxes, for these designated derivatives presented in the separate component of stockholders’ equity labeled “derivatives qualifying as hedges,” for the periods indicated: Three months ended March 31, (Amounts in millions) 2019 2018 Derivatives qualifying as effective accounting hedges as of January 1 $ 1,781 $ 2,065 Cumulative effect of changes in accounting: Stranded tax effects — 12 Changes to the hedge accounting model, net of deferred taxes of $— and $(1) — 2 Total cumulative effect of changes in accounting — 14 Current period increases (decreases) in fair value, net of deferred taxes of $(25) and $34 97 (126 ) Reclassification to net (income), net of deferred taxes of $16 and $14 (28 ) (26 ) Derivatives qualifying as effective accounting hedges as of March 31 $ 1,850 $ 1,927
Schedule of Pre-Tax Gain (Loss) Recognized in Net Income (loss) for Effects of Derivatives Not Designated as Hedges	The following tables provide the pre-tax gain (loss) recognized in net income for the effects of derivatives not designated as hedges for the periods indicated: Three months ended March 31, Classification of gain (loss) recognized in net income (Amounts in millions) 2019 2018 Interest rate swaps $ (1 ) $ (1 ) Net investment gains (losses) Interest rate swaps in a foreign currency (23 ) — Net investment gains (losses) Interest rate caps and floors 6 — Net investment gains (losses) Equity index options 17 (15 ) Net investment gains (losses) Financial futures (44 ) (24 ) Net investment gains (losses) Equity return swaps — (5 ) Net investment gains (losses) Other foreign currency contracts 9 8 Net investment gains (losses) Foreign currency swaps 10 (8 ) Net investment gains (losses) GMWB embedded derivatives 45 14 Net investment gains (losses) Fixed index annuity embedded derivatives (38 ) 8 Net investment gains (losses) Indexed universal life embedded derivatives 1 5 Net investment gains (losses) Total derivatives not designated as hedges $ (18 ) $ (18 )
Derivative Assets and Liabilities Subject to Master Netting Arrangement	The following table presents additional information about derivative assets and liabilities subject to an enforceable master netting arrangement as of the dates indicated: March 31, 2019 December 31, 2018 Derivatives Derivatives Net Derivatives Derivatives Net (Amounts in millions) assets (1) liabilities (2) derivatives assets (1) liabilities (2) derivatives Amounts presented in the balance sheet: Gross amounts recognized $ 196 $ 89 $ 107 $ 185 $ 169 $ 16 Gross amounts offset in the balance sheet — — — — — — Net amounts presented in the balance sheet 196 89 107 185 169 16 Gross amounts not offset in the balance sheet: Financial instruments (3) (40 ) (40 ) — (66 ) (66 ) — Collateral received (66 ) — (66 ) (84 ) — (84 ) Collateral pledged — (428 ) 428 — (536 ) 536 Over collateralization 2 380 (378 ) 10 433 (423 ) Net amount $ 92 $ 1 $ 91 $ 45 $ — $ 45 (1) Included $9 million and $6 million of accruals on derivatives classified as other assets and does not include amounts related to embedded derivatives as of March 31, 2019 and December 31, 2018, respectively. (2) Included $1 million of accruals on derivatives included in other liabilities as of March 31, 2019 and does not include amounts related to embedded derivatives as of March 31, 2019 and December 31, 2018. (3) Amounts represent derivative assets and/or liabilities that are presented gross within the balance sheet but are held with the same counterparty where we have a master netting arrangement. This adjustment results in presenting the net asset and net liability position for each counterparty.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Financial Instruments Not Required to be Carried at Fair Value	The following represents our estimated fair value of financial assets and liabilities that are not required to be carried at fair value as of the dates indicated: March 31, 2019 Notional Carrying Fair value (Amounts in millions) amount amount Total Level 1 Level 2 Level 3 Assets: Commercial mortgage loans (1) $ 6,929 $ 7,038 $ — $ — $ 7,038 Restricted commercial mortgage loans (1) 59 63 — — 63 Bank loan investments (1) 294 293 — — 293 Liabilities: Long-term borrowings (1) 4,035 3,564 — 3,420 144 Non-recourse funding obligations (1) 311 215 — — 215 Investment contracts (1) 12,663 13,241 — — 13,241 Other firm commitments: Commitments to fund limited partnerships 747 — — — — — Commitments to fund bank loan investments 40 — — — — — Ordinary course of business lending commitments 152 — — — — — December 31, 2018 Notional Carrying Fair value (Amounts in millions) amount amount Total Level 1 Level 2 Level 3 Assets: Commercial mortgage loans (1) $ 6,687 $ 6,737 $ — $ — $ 6,737 Restricted commercial mortgage loans (1) 62 66 — — 66 Bank loan investments (1) 248 248 — — 248 Liabilities: Long-term borrowings (1) 4,025 3,577 — 3,434 143 Non-recourse funding obligations (1) 311 215 — — 215 Investment contracts (1) 13,105 13,052 — — 13,052 Other firm commitments: Commitments to fund limited partnerships 539 — — — — — Commitments to fund bank loan investments 33 — — — — — Ordinary course of business lending commitments 73 — — — — — (1) These financial instruments do not have notional amounts.
Summary of Significant Inputs Used by Third-Party Pricing Services for Certain Fair Value Measurements of Fixed Maturity Securities that Classified as Level 2	The following table presents a summary of the significant inputs used by our third-party pricing services for certain fair value measurements of fixed maturity securities that are classified as Level 2 as of March 31 , 2019 : (Amounts in millions) Fair value Primary methodologies Significant inputs U.S. government, agencies and government-sponsored enterprises $ 4,731 Price quotes from trading desk, broker feeds Bid side prices, trade prices, Option Adjusted Spread (“OAS”) to swap curve, Bond Market Association OAS, Treasury Curve, Agency Bullet Curve, maturity to issuer spread State and political subdivisions $ 2,494 Multi-dimensional attribute-based modeling systems, third-party pricing vendors Trade prices, material event notices, Municipal Market Data benchmark yields, broker quotes Non-U.S. government $ 2,502 Matrix pricing, spread priced to benchmark curves, price quotes from market makers Benchmark yields, trade prices, broker quotes, comparative transactions, issuer spreads, bid-offer spread, market research publications, third-party pricing sources U.S. corporate $ 26,748 Multi-dimensional attribute-based modeling systems, broker quotes, price quotes from market makers, internal models, OAS-based models Bid side prices to Treasury Curve, Issuer Curve, which includes sector, quality, duration, OAS percentage and change for spread matrix, trade prices, comparative transactions, Trade Reporting and Compliance Engine (“TRACE”) reports Non-U.S. corporate $ 10,123 Multi-dimensional attribute-based modeling systems, OAS-based models, price quotes from market makers Benchmark yields, trade prices, broker quotes, comparative transactions, issuer spreads, bid-offer spread, market research publications, third-party pricing sources Residential mortgage-backed $ 2,915 OAS-based models, To Be Announced pricing models, single factor binomial models, internally priced Prepayment and default assumptions, aggregation of bonds with similar characteristics, including collateral type, vintage, tranche type, weighted-average life, weighted-average loan age, issuer program and delinquency ratio, pay up and pay down factors, TRACE reports Commercial mortgage-backed $ 2,864 Multi-dimensional attribute-based modeling systems, pricing matrix, spread matrix priced to swap curves, Trepp commercial mortgage-backed securities analytics model Credit risk, interest rate risk, prepayment speeds, new issue data, collateral performance, origination year, tranche type, original credit ratings, weighted-average life, cash flows, spreads derived from broker quotes, bid side prices, spreads to daily updated swaps curves, TRACE reports Other asset-backed $ 3,224 Multi-dimensional attribute-based modeling systems, spread matrix priced to swap curves, price quotes from market makers, internal models Spreads to daily updated swaps curves, spreads derived from trade prices and broker quotes, bid side prices, new issue data, collateral performance, analysis of prepayment speeds, cash flows, collateral loss analytics, historical issue analysis, trade data from market makers, TRACE reports • Internal models: 16 $ 588
Assets by Class of Instrument that are Measured at Fair Value on Recurring Basis	The following tables set forth our assets by class of instrument that are measured at fair value on a recurring basis as of the dates indicated: March 31, 2019 (Amounts in millions) Total Level 1 Level 2 Level 3 NAV (1) Assets Investments: Fixed maturity securities: U.S. government, agencies and government-sponsored $ 4,731 $ — $ 4,731 $ — $ — State and political subdivisions 2,546 — 2,494 52 — Non-U.S. government 2,518 — 2,518 — — U.S. corporate: Utilities 4,685 — 3,937 748 — Energy 2,618 — 2,503 115 — Finance and insurance 7,251 — 6,661 590 — Consumer—non-cyclical 5,257 — 5,183 74 — Technology and communications 2,974 — 2,922 52 — Industrial 1,249 — 1,209 40 — Capital goods 2,489 — 2,394 95 — Consumer—cyclical 1,646 — 1,451 195 — Transportation 1,362 — 1,308 54 — Other 411 — 212 199 — Total U.S. corporate 29,942 — 27,780 2,162 — Non-U.S. corporate: Utilities 1,127 — 692 435 — Energy 1,447 — 1,226 221 — Finance and insurance 2,554 — 2,372 182 — Consumer—non-cyclical 709 — 642 67 — Technology and communications 1,197 — 1,170 27 — Industrial 973 — 910 63 — Capital goods 662 — 489 173 — Consumer—cyclical 541 — 416 125 — Transportation 815 — 623 192 — Other 2,260 — 2,170 90 — Total non-U.S. corporate 12,285 — 10,710 1,575 — Residential mortgage-backed 2,950 — 2,915 35 — Commercial mortgage-backed 2,962 — 2,864 98 — Other asset-backed 3,426 — 3,224 202 — Total fixed maturity securities 61,360 — 57,236 4,124 — Equity securities 635 513 67 55 — Other invested assets: Derivative assets: Interest rate swaps 59 — 59 — — Interest rate swaps in a foreign currency 46 — 46 — — Interest rate caps and floors 13 — 13 — — Foreign currency swaps 3 — 3 — — Equity index options 60 — — 60 — Other foreign currency contracts 6 — 6 — — Total derivative assets 187 — 127 60 — Securities lending collateral 106 — 106 — — Short-term investments 139 — 139 — — Limited partnerships 359 — — — 359 Total other invested assets 791 — 372 60 359 Reinsurance recoverable (2) 18 — — 18 — Separate account assets 6,210 6,210 — — — Total assets $ 69,014 $ 6,723 $ 57,675 $ 4,257 $ 359 (1) Limited partnerships that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities. December 31, 2018 (Amounts in millions) Total Level 1 Level 2 Level 3 NAV (1) Assets Investments: Fixed maturity securities: U.S. government, agencies and government-sponsored $ 4,631 $ — $ 4,631 $ — $ — State and political subdivisions 2,552 — 2,501 51 — Non-U.S. government 2,393 — 2,393 — — U.S. corporate: Utilities 4,675 — 4,032 643 — Energy 2,419 — 2,298 121 — Finance and insurance 6,822 — 6,288 534 — Consumer—non-cyclical 5,048 — 4,975 73 — Technology and communications 2,855 — 2,805 50 — Industrial 1,238 — 1,199 39 — Capital goods 2,391 — 2,299 92 — Consumer—cyclical 1,597 — 1,386 211 — Transportation 1,320 — 1,263 57 — Other 397 — 219 178 — Total U.S. corporate 28,762 — 26,764 1,998 — Non-U.S. corporate: Utilities 1,041 — 637 404 — Energy 1,369 — 1,152 217 — Finance and insurance 2,423 — 2,252 171 — Consumer—non-cyclical 739 — 633 106 — Technology and communications 1,165 — 1,139 26 — Industrial 945 — 884 61 — Capital goods 615 — 442 173 — Consumer—cyclical 520 — 398 122 — Transportation 720 — 549 171 — Other 2,300 — 2,219 81 — Total non-U.S. corporate 11,837 — 10,305 1,532 — Residential mortgage-backed 3,044 — 3,009 35 — Commercial mortgage-backed 3,016 — 2,921 95 — Other asset-backed 3,426 — 3,261 165 — Total fixed maturity securities 59,661 — 55,785 3,876 — Equity securities 655 533 64 58 — Other invested assets: Derivative assets: Interest rate swaps 42 — 42 — — Interest rate swaps in a foreign currency 74 — 74 — — Interest rate caps and floors 7 — 7 — — Foreign currency swaps 6 — 6 — — Equity index options 39 — — 39 — Other foreign currency contracts 10 — 10 — — Total derivative assets 178 — 139 39 — Securities lending collateral 102 — 102 — — Short-term investments 230 — 230 — — Limited partnerships 318 — — — 318 Total other invested assets 828 — 471 39 318 Reinsurance recoverable (2) 20 — — 20 — Separate account assets 5,859 5,859 — — — Total assets $ 67,023 $ 6,392 $ 56,320 $ 3,993 $ 318 (1) Limited partnerships that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities.
Assets Measured at Fair Value on Recurring Basis and Utilized Significant Unobservable (Level 3) Inputs to Determine Fair Value	The following tables present additional information about assets measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value as of or for the dates indicated: (Amounts in millions) Beginning balance as of January 1, Total realized and (losses) Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Ending Total gains income Included in net income Included in OCI Fixed maturity securities: U.S. government, agencies $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — State and political subdivisions 51 1 — — — — — — — 52 1 U.S. corporate: Utilities 643 — 22 14 (1 ) — (2 ) 72 — 748 — Energy 121 — 4 — — — (10 ) — — 115 — Finance and insurance 534 — 23 30 — — (4 ) 7 — 590 — Consumer—non-cyclical 73 — 2 — — — (10 ) 9 — 74 — Technology and 50 — 2 — — — — — — 52 — Industrial 39 — 1 — — — — — — 40 — Capital goods 92 — 3 — — — — — — 95 — Consumer—cyclical 211 — 7 — (13 ) — (1 ) — (9 ) 195 — Transportation 57 — 1 4 — — (8 ) — — 54 — Other 178 — 3 22 — — (12 ) 8 — 199 — Total U.S. corporate 1,998 — 68 70 (14 ) — (47 ) 96 (9 ) 2,162 — Non-U.S. corporate: Utilities 404 — 16 30 — — — — (15 ) 435 — Energy 217 — 7 1 — — (4 ) — — 221 — Finance and insurance 171 1 11 5 — — — — (6 ) 182 1 Consumer—non-cyclical 106 2 3 — — — (44 ) — — 67 — Technology and 26 — 1 — — — — — — 27 — Industrial 61 — 2 — — — — — — 63 — Capital goods 173 — 6 5 — — (11 ) — — 173 — Consumer—cyclical 122 — 6 — — — (3 ) — — 125 — Transportation 171 — 6 15 — — — — — 192 — Other 81 — 4 — — — (1 ) 6 — 90 — Total non-U.S. corporate 1,532 3 62 56 — — (63 ) 6 (21 ) 1,575 1 Residential mortgage-backed 35 — — — — — — — — 35 — Commercial mortgage-backed 95 — 2 1 — — — — — 98 — Other asset-backed 165 — 1 54 — — (13 ) 1 (6 ) 202 — Total fixed maturity securities 3,876 4 133 181 (14 ) — (123 ) 103 (36 ) 4,124 2 Equity securities 58 — — — (3 ) — — — — 55 — Other invested assets: Derivative assets: Equity index options 39 17 — 12 — — (8 ) — — 60 12 Total derivative assets 39 17 — 12 — — (8 ) — — 60 12 Total other invested assets 39 17 — 12 — — (8 ) — — 60 12 Reinsurance recoverable (2) 20 (3 ) — — — 1 — — — 18 (3 ) Total Level 3 assets $ 3,993 $ 18 $ 133 $ 193 $ (17 ) $ 1 $ (131 ) $ 103 $ (36 ) $ 4,257 $ 11 (1) The transfers into and out of Level 3 for fixed maturity securities were related to changes in the primary pricing source and changes in the observability of external information used in determining the fair value, such as external ratings or credit spreads, as well as changes in the industry sectors assigned to specific securities. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities. (Amounts in millions) Beginning balance as of January 1, Total realized and Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Ending Total gains income Included in net income Included in OCI Fixed maturity securities: U.S. government, agencies and government-sponsored $ 1 $ — $ — $ — $ — $ — $ (1 ) $ — $ — $ — $ — State and political subdivisions 37 1 (3 ) — — — — 18 — 53 1 U.S. corporate: Utilities 574 — (18 ) 3 — — (2 ) — (4 ) 553 — Energy 147 — (5 ) 22 — — (18 ) — — 146 — Finance and insurance 626 1 (26 ) 26 — — (36 ) — (11 ) 580 1 Consumer—non-cyclical 81 — (2 ) — — — — — — 79 — Technology and 73 — (6 ) — — — (42 ) — — 25 — Industrial 39 — — — — — — — — 39 — Capital goods 121 — (8 ) — — — (10 ) — — 103 — Consumer—cyclical 262 — (9 ) 10 — — (11 ) — — 252 — Transportation 60 — (1 ) — — — (2 ) — — 57 — Other 169 — (1 ) — — — (2 ) — — 166 — Total U.S. corporate 2,152 1 (76 ) 61 — — (123 ) — (15 ) 2,000 1 Non-U.S. corporate: Utilities 343 — (9 ) 22 — — (20 ) — — 336 — Energy 176 — (4 ) 23 — — — — — 195 — Finance and insurance 161 1 (8 ) — — — (1 ) — — 153 1 Consumer—non-cyclical 124 — (3 ) — — — (1 ) — — 120 — Technology and 29 — (1 ) — — — — — — 28 — Industrial 116 — (3 ) — — — (5 ) — — 108 — Capital goods 191 — (5 ) — — — — — — 186 — Consumer—cyclical 54 — (2 ) — — — — — — 52 — Transportation 170 — (4 ) — — — — — — 166 — Other 52 — (2 ) 33 — — — — — 83 — Total non-U.S. corporate 1,416 1 (41 ) 78 — — (27 ) — — 1,427 1 Residential mortgage-backed 77 — (1 ) 12 — — — — (54 ) 34 — Commercial mortgage-backed 30 — (2 ) 7 — — — — (29 ) 6 — Other asset-backed 237 — (2 ) 55 — — (32 ) 3 (89 ) 172 — Total fixed maturity securities 3,950 3 (125 ) 213 — — (183 ) 21 (187 ) 3,692 3 Equity securities 44 — — 4 (3 ) — — — — 45 — Other invested assets: Derivative assets: Equity index options 80 (15 ) — 14 — — (19 ) — — 60 (12 ) Total derivative assets 80 (15 ) — 14 — — (19 ) — — 60 (12 ) Total other invested assets 80 (15 ) — 14 — — (19 ) — — 60 (12 ) Reinsurance recoverable (2) 14 (2 ) — — — 1 — — — 13 (2 ) Total Level 3 assets $ 4,088 $ (14 ) $ (125 ) $ 231 $ (3 ) $ 1 $ (202 ) $ 21 $ (187 ) $ 3,810 $ (11 ) (1) The transfers into and out of Level 3 for fixed maturity securities were related to changes in the primary pricing source and changes in the observability of external information used in determining the fair value, such as external ratings or credit spreads, as well as changes in the industry sectors assigned to specific securities. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities.
Gains and Losses Included in Net Income (Loss) from Assets Measured at Fair Value	The following table presents the gains and losses included in net income from assets measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value and the related income statement line item in which these gains and losses were presented for the three months ended March 31: (Amounts in millions) 2019 2018 Total realized and unrealized gains (losses) included in net income: Net investment income $ 4 $ 3 Net investment gains (losses) 14 (17 ) Total $ 18 $ (14 ) Net gains (losses) included in net income attributable to assets still held: Net investment income $ 2 $ 3 Net investment gains (losses) 9 (14 ) Total $ 11 $ (11 )
Summary of Significant Unobservable Inputs Used for Certain Asset and Liability Fair Value Measurements	The following table presents a summary of the significant unobservable inputs used for certain asset fair value measurements that are based on internal models and classified as Level 3 as of March 31, 2019: (Amounts in millions) Valuation technique Fair value Unobservable input Range Weighted-average Fixed maturity securities: U.S. corporate: Utilities Internal models $ 674 Credit spreads 60bps - 302bps 146bps Energy Internal models 92 Credit spreads 72bps - 317bps 169bps Finance and insurance Internal models 578 Credit spreads 64bps - 268bps 167bps Consumer—non-cyclical Internal models 74 Credit spreads 85bps - 177bps 123bps Technology and communications Internal models 52 Credit spreads 90bps - 317bps 205bps Industrial Internal models 40 Credit spreads 108bps - 225bps 153bps Capital goods Internal models 96 Credit spreads 100bps - 283bps 162bps Consumer—cyclical Internal models 181 Credit spreads 61bps - 235bps 142bps Transportation Internal models 54 Credit spreads 54bps - 235bps 107bps Other Internal models 170 Credit spreads 64bps - 146bps 85bps Total U.S. corporate Internal models $ 2,011 Credit spreads 54bps - 317bps 148bps Non-U.S. corporate: Utilities Internal models $ 435 Credit spreads 78bps - 228bps 142bps Energy Internal models 202 Credit spreads 100bps - 283bps 163bps Finance and insurance Internal models 182 Credit spreads 61bps - 222bps 131bps Consumer—non-cyclical Internal models 66 Credit spreads 61bps - 172bps 143bps Technology and communications Internal models 27 Credit spreads 127bps - 184bps 167bps Industrial Internal models 63 Credit spreads 99bps - 151bps 112bps Capital goods Internal models 173 Credit spreads 85bps - 283bps 165bps Consumer—cyclical Internal models 121 Credit spreads 72bps - 283bps 195bps Transportation Internal models 192 Credit spreads 61bps - 235bps 131bps Other Internal models 84 Credit spreads 111bps - 223bps 158bps Total non-U.S. corporate Internal models $ 1,545 Credit spreads 61bps - 283bps 149bps Derivative assets: Equity index options Discounted cash flows $ 60 Equity index volatility 6% - 28% 16%
Liabilities by Class of Instrument that are Measured at Fair Value on Recurring Basis	The following tables set forth our liabilities by class of instrument that are measured at fair value on a recurring basis as of the dates indicated: March 31, 2019 (Amounts in millions) Total Level 1 Level 2 Level 3 Liabilities Policyholder account balances: GMWB embedded derivatives (1) $ 295 $ — $ — $ 295 Fixed index annuity embedded derivatives 423 — — 423 Indexed universal life embedded derivatives 13 — — 13 Total policyholder account balances 731 — — 731 Derivative liabilities: Interest rate swaps 49 — 49 — Foreign currency swaps 13 — 13 — Equity return swaps 1 — 1 — Other foreign currency contracts 25 — 25 — Total derivative liabilities 88 — 88 — Total liabilities $ 819 $ — $ 88 $ 731 (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. December 31, 2018 (Amounts in millions) Total Level 1 Level 2 Level 3 Liabilities Policyholder account balances: GMWB embedded derivatives (1) $ 337 $ — $ — $ 337 Fixed index annuity embedded derivatives 389 — — 389 Indexed universal life embedded derivatives 12 — — 12 Total policyholder account balances 738 — — 738 Derivative liabilities: Interest rate swaps 102 — 102 — Foreign currency swaps 23 — 23 — Equity return swaps 1 — 1 — Other foreign currency contracts 42 — 42 — Total derivative liabilities 168 — 168 — Total liabilities $ 906 $ — $ 168 $ 738 (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
Liabilities Measured at Fair Value on Recurring Basis and Utilized Significant Unobservable (Level 3) Inputs to Determine Fair Value	The following tables present additional information about liabilities measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value as of or for the dates indicated: Total (gains) Total realized and losses Beginning unrealized (gains) included in balance losses Ending net (income) as of Transfer Transfer balance as of attributable (Amounts in millions) January 1, 2019 Included in net (income) Included in OCI Purchases Sales Issuances Settlements into Level 3 out of Level 3 March 31, 2019 to liabilities still held Policyholder account balances: GMWB embedded derivatives (1) $ 337 $ (48 ) $ — $ — $ — $ 6 $ — $ — $ — $ 295 $ (44 ) Fixed index annuity embedded derivatives 389 38 — — — — (4 ) — — 423 38 Indexed universal life embedded derivatives 12 (1 ) — — — 2 — — — 13 (1 ) Total policyholder account balances 738 (11 ) — — — 8 (4 ) — — 731 (7 ) Total Level 3 liabilities $ 738 $ (11 ) $ — $ — $ — $ 8 $ (4 ) $ — $ — $ 731 $ (7 ) (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. Total (gains) Total realized and losses Beginning unrealized (gains) included in balance losses Ending net (income) as of Transfer Transfer balance as of attributable (Amounts in millions) January 1, 2018 Included in net (income) Included Purchases Sales Issuances Settlements into out of March 31, to liabilities Policyholder account balances: GMWB embedded derivatives (1) $ 250 $ (16 ) $ — $ — $ — $ 8 $ — $ — $ — $ 242 $ (12 ) Fixed index annuity embedded derivatives 419 (8 ) — — — — (3 ) — — 408 (8 ) Indexed universal life embedded derivatives 14 (5 ) — — — 4 — — — 13 (5 ) Total policyholder account balances 683 (29 ) — — — 12 (3 ) — — 663 (25 ) Total Level 3 liabilities $ 683 $ (29 ) $ — $ — $ — $ 12 $ (3 ) $ — $ — $ 663 $ (25 ) (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
Gains and Losses Included in Net (Income) from Liabilities Measured at Fair Value	The following table presents the gains and losses included in net (income) from liabilities measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value and the related income statement line item in which these gains and losses were presented for the three months ended March 31: (Amounts in millions) 2019 2018 Total realized and unrealized (gains) losses included in net (income): Net investment income $ — $ — Net investment (gains) losses (11 ) (29 ) Total $ (11 ) $ (29 ) Total (gains) losses included in net (income) attributable to liabilities still held: Net investment income $ — $ — Net investment (gains) losses (7 ) (25 ) Total $ (7 ) $ (25 )
Summary of Significant Unobservable Inputs Used for Certain Liability Fair Value Measurements	The following table presents a summary of the significant unobservable inputs used for certain liability fair value measurements that are based on internal models and classified as Level 3 as of March 31, 2019: (Amounts in millions) Valuation technique Fair value Unobservable input Range Weighted-average Policyholder account balances: Withdrawal utilization rate 44% - 87% 69 Lapse rate 2% - 9% 3 Non-performance risk 17bps - 83bps 65 GMWB embedded derivative (1) Stochastic cash flow model $ 295 Equity index volatility 14% - 23% 20 Fixed index annuity embedded derivatives Option budget method $ 423 Expected future interest credited —% - 3% 1 Indexed universal life embedded derivatives Option budget method $ 13 Expected future interest credited 3% - 9% 5

Liability for Policy and Cont_2

Liability for Policy and Contract Claims (Tables)	3 Months Ended
	Mar. 31, 2019
Changes in Liability for Policy and Contract Claims	The following table sets forth changes in our liability for policy and contract claims as of the dates indicated: As of or for the three months ended March 31, (Amounts in millions) 2019 2018 Beginning balance $ 10,379 $ 9,594 Less reinsurance recoverables (2,379 ) (2,419 ) Net beginning balance 8,000 7,175 Incurred related to insured events of: Current year 986 998 Prior years (81 ) (108 ) Total incurred 905 890 Paid related to insured events of: Current year (162 ) (175 ) Prior years (678 ) (692 ) Total paid (840 ) (867 ) Interest on liability for policy and contract claims 93 81 Foreign currency translation 3 (5 ) Net ending balance 8,161 7,274 Add reinsurance recoverables 2,375 2,377 Ending balance $ 10,536 $ 9,651

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2019
Reconciliation of Federal Statutory Tax Rate to Effective Income Tax Rate	The reconciliation of the federal statutory tax rate to the effective income tax rate was as follows for the periods indicated: Three months ended March 31, 2019 2018 Statutory U.S. federal income tax rate 21.0 % 21.0 % Increase (reduction) in rate resulting from: Effect of foreign operations 5.4 5.0 U.S. shareholder tax on foreign operations 4.8 (2.1 ) Swaps terminated prior to the TCJA 2.6 2.3 Other, net (1.1 ) 1.4 Effective rate 32.7 % 27.6 %

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Summary of Revenues of Major Product Groups for Segments and Corporate and Other Activities	The following is a summary of revenues for our segments and Corporate and Other activities for the periods indicated: Three months ended March 31, (Amounts in millions) 2019 2018 Revenues: U.S. Mortgage Insurance segment $ 223 $ 200 Canada Mortgage Insurance segment 159 158 Australia Mortgage Insurance segment 110 107 U.S. Life Insurance segment: Long-term care insurance 1,114 1,020 Life insurance 372 379 Fixed annuities 159 182 U.S. Life Insurance segment 1,645 1,581 Runoff segment 82 68 Corporate and Other activities (15 ) 1 Total revenues $ 2,204 $ 2,115
Summary of Net Operating Income (Loss) for Segments and Corporate and Other Activities	The following tables present the reconciliation of net income available to Genworth Financial, Inc.’s common stockholders to adjusted operating income available to Genworth Financial, Inc.’s common stockholders and a summary of adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders for our segments and Corporate and Other activities for the periods indicated: Three months ended March 31, (Amounts in millions) 2019 2018 Net income $ 230 $ 165 Less: net income attributable to noncontrolling interests 56 53 Net income available to Genworth Financial, Inc.’s common stockholders 174 112 Adjustments to net income available to Genworth Financial, Inc.’s common stockholders: Net investment (gains) losses, net (1) (71 ) 17 Expenses related to restructuring 4 — Taxes on adjustments 14 (4 ) Adjusted operating income available to Genworth Financial, Inc.’s common stockholders $ 121 $ 125 (1) For the three months ended March 31, 2019 and March 31, 2018, net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves of $(2) million and $(3) million, respectively, and adjusted for net investment gains (losses) attributable to noncontrolling interests of $5 million and $(11) million, respectively. Three months ended March 31, (Amounts in millions) 2019 2018 Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders: U.S. Mortgage Insurance segment $ 124 $ 111 Canada Mortgage Insurance segment 41 49 Australia Mortgage Insurance segment 14 19 U.S. Life Insurance segment: Long-term care insurance (20 ) (32 ) Life insurance (2 ) (1 ) Fixed annuities 17 28 U.S. Life Insurance segment (5 ) (5 ) Runoff segment 20 10 Corporate and Other activities (73 ) (59 ) Adjusted operating income available to Genworth Financial, Inc.’s common stockholders $ 121 $ 125
Schedule of Revenue, Net Income and Assets by Geographic Location	The following is a summary of total assets for our segments and Corporate and Other activities as of the dates indicated: (Amounts in millions) March 31, 2019 December 31, 2018 Assets: U.S. Mortgage Insurance segment $ 3,808 $ 3,583 Canada Mortgage Insurance segment 5,146 5,038 Australia Mortgage Insurance segment 2,533 2,534 U.S. Life Insurance segment 80,619 79,799 Runoff segment 10,082 9,963 Corporate and Other activities — 6 Total assets $ 102,188 $ 100,923

Changes In Accumulated Other _2

Changes In Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2019
Component of Changes in Accumulated Other Comprehensive Income (Loss), Net of Taxes	The following tables show the changes in accumulated other comprehensive income (loss), net of taxes, by component as of and for the periods indicated: Net Derivatives Foreign (Amounts in millions) (losses) (1) hedges (2) adjustments Total Balances as of January 1, 2019 $ 595 $ 1,781 $ (332 ) $ 2,044 OCI before reclassifications 427 97 54 578 Amounts reclassified from (to) OCI (47 ) (28 ) — (75 ) Current period OCI 380 69 54 503 Balances as of March 31, 2019 before noncontrolling interests 975 1,850 (278 ) 2,547 Less: change in OCI attributable to noncontrolling interests 32 — 23 55 Balances as of March 31, 2019 $ 943 $ 1,850 $ (301 ) $ 2,492 (1) Net of adjustments to DAC, present value of future profits, sales inducements and benefit reserves. See note 4 for additional information. (2) See note 5 for additional information. Net Derivatives Foreign (Amounts in millions) (losses) (1) hedges (2) adjustments Total Balances as of January 1, 2018 $ 1,085 $ 2,065 $ (123 ) $ 3,027 Cumulative effect of changes in accounting 164 14 (47 ) 131 OCI before reclassifications (348 ) (126 ) (87 ) (561 ) Amounts reclassified from (to) OCI 7 (26 ) — (19 ) Current period OCI (341 ) (152 ) (87 ) (580 ) Balances as of March 31, 2018 before noncontrolling interests 908 1,927 (257 ) 2,578 Less: change in OCI attributable to noncontrolling interests (9 ) — (40 ) (49 ) Balances as of March 31, 2018 $ 917 $ 1,927 $ (217 ) $ 2,627 (1) Net of adjustments to DAC, present value of future profits, sales inducements and benefit reserves. See note 4 for additional information. (2) See note 5 for additional information.
Reclassifications in (out) of Accumulated Other Comprehensive Income (Loss), Net of Taxes	The following table shows reclassifications in (out) of accumulated other comprehensive income (loss), net of taxes, for the periods presented: (Amounts in millions) Amount reclassified from accumulated other comprehensive income Affected line item in the consolidated statements of income Three months ended March 31, 2019 2018 Net unrealized investment (gains) losses: Unrealized (gains) losses on investments (1) $ (60 ) $ 8 Net investment (gains) losses (Provision) benefit for income taxes 13 (1 ) (Provision) benefit for income taxes Total $ (47 ) $ 7 Derivatives qualifying as hedges: Interest rate swaps hedging assets $ (38 ) $ (35 ) Net investment income Interest rate swaps hedging assets (6 ) (5 ) Net investment (gains) losses Benefit for income taxes 16 14 Benefit for income taxes Total $ (28 ) $ (26 ) (1) Amounts exclude adjustments to DAC, present value of future profits, sales inducements and benefit reserves.

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	Mar. 31, 2019
Condensed Consolidating Balance Sheet	The following table presents the condensed consolidating balance sheet information as of March 31, 2019: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Assets Investments: Fixed maturity securities available-for-sale, $ — $ — $ 61,560 $ (200 ) $ 61,360 Equity securities, at fair value — — 635 — 635 Commercial mortgage loans ($59 are restricted related to a securitization entity) — — 6,988 — 6,988 Policy loans — — 1,994 — 1,994 Other invested assets — 49 1,160 (1 ) 1,208 Investments in subsidiaries 13,222 11,928 — (25,150 ) — Total investments 13,222 11,977 72,337 (25,351 ) 72,185 Cash, cash equivalents and restricted cash — 361 1,860 — 2,221 Accrued investment income — — 733 (7 ) 726 Deferred acquisition costs — — 2,219 — 2,219 Intangible assets and goodwill — — 265 — 265 Reinsurance recoverable — — 17,257 — 17,257 Other assets (4 ) 55 482 (1 ) 532 Intercompany notes receivable — 231 — (231 ) — Deferred tax assets (11 ) 913 (329 ) — 573 Separate account assets — — 6,210 — 6,210 Total assets $ 13,207 $ 13,537 $ 101,034 $ (25,590 ) $ 102,188 Liabilities and equity Liabilities: Future policy benefits $ — $ — $ 38,369 $ — $ 38,369 Policyholder account balances — — 22,651 — 22,651 Liability for policy and contract claims — — 10,536 — 10,536 Unearned premiums — — 3,482 — 3,482 Other liabilities 27 65 1,600 (10 ) 1,682 Intercompany notes payable 106 200 125 (431 ) — Non-recourse — — 311 — 311 Long-term borrowings — 3,570 465 — 4,035 Deferred tax liability — — 30 — 30 Separate account liabilities — — 6,210 — 6,210 Total liabilities 133 3,835 83,779 (441 ) 87,306 Equity: Common stock 1 — 3 (3 ) 1 Additional paid-in 11,989 9,096 18,429 (27,525 ) 11,989 Accumulated other comprehensive income (loss) 2,492 2,521 2,515 (5,036 ) 2,492 Retained earnings 1,292 (1,915 ) (5,800 ) 7,715 1,292 Treasury stock, at cost (2,700 ) — — — (2,700 ) Total Genworth Financial, Inc.’s stockholders’ equity 13,074 9,702 15,147 (24,849 ) 13,074 Noncontrolling interests — — 2,108 (300 ) 1,808 Total equity 13,074 9,702 17,255 (25,149 ) 14,882 Total liabilities and equity $ 13,207 $ 13,537 $ 101,034 $ (25,590 ) $ 102,188 The following table presents the condensed consolidating balance sheet information as of December 31, 2018: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Assets Investments: Fixed maturity securities available-for-sale, $ — $ — $ 59,861 $ (200 ) $ 59,661 Equity securities, at fair value — — 655 — 655 Commercial mortgage loans ($62 are restricted related to a securitization entity) — — 6,749 — 6,749 Policy loans — — 1,861 — 1,861 Other invested assets — 86 1,104 (2 ) 1,188 Investments in subsidiaries 12,570 11,462 — (24,032 ) — Total investments 12,570 11,548 70,230 (24,234 ) 70,114 Cash, cash equivalents and restricted cash — 429 1,748 — 2,177 Accrued investment income — — 679 (4 ) 675 Deferred acquisition costs — — 3,263 — 3,263 Intangible assets and goodwill — — 347 — 347 Reinsurance recoverable — — 17,278 — 17,278 Other assets 15 62 397 — 474 Intercompany notes receivable — 180 6 (186 ) — Deferred tax assets 14 907 (185 ) — 736 Separate account assets — — 5,859 — 5,859 Total assets $ 12,599 $ 13,126 $ 99,622 $ (24,424 ) $ 100,923 Liabilities and equity Liabilities: Future policy benefits $ — $ — $ 37,940 $ — $ 37,940 Policyholder account balances — — 22,968 — 22,968 Liability for policy and contract claims — — 10,379 — 10,379 Unearned premiums — — 3,546 — 3,546 Other liabilities 27 97 1,565 (7 ) 1,682 Intercompany notes payable 122 207 57 (386 ) — Non-recourse — — 311 — 311 Long-term borrowings — 3,567 458 — 4,025 Deferred tax liability — — 24 — 24 Separate account liabilities — — 5,859 — 5,859 Total liabilities 149 3,871 83,107 (393 ) 86,734 Equity: Common stock 1 — 3 (3 ) 1 Additional paid-in 11,987 9,095 18,425 (27,520 ) 11,987 Accumulated other comprehensive income (loss) 2,044 2,144 2,060 (4,204 ) 2,044 Retained earnings 1,118 (1,984 ) (6,012 ) 7,996 1,118 Treasury stock, at cost (2,700 ) — — — (2,700 ) Total Genworth Financial, Inc.’s stockholders’ equity 12,450 9,255 14,476 (23,731 ) 12,450 Noncontrolling interests — — 2,039 (300 ) 1,739 Total equity 12,450 9,255 16,515 (24,031 ) 14,189 Total liabilities and equity $ 12,599 $ 13,126 $ 99,622 $ (24,424 ) $ 100,923
Condensed Consolidating Income Statement	The following table presents the condensed consolidating income statement information for the three months ended March 31, 2019: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Revenues: Premiums $ — $ — $ 1,114 $ — $ 1,114 Net investment income (1 ) 3 831 (4 ) 829 Net investment gains (losses) — (3 ) 77 — 74 Policy fees and other income — — 188 (1 ) 187 Total revenues (1 ) — 2,210 (5 ) 2,204 Benefits and expenses: Benefits and other changes in policy reserves — — 1,301 — 1,301 Interest credited — — 147 — 147 Acquisition and operating expenses, net of deferrals 4 (2 ) 249 — 251 Amortization of deferred acquisition costs and intangibles — — 91 — 91 Interest expense 2 65 10 (5 ) 72 Total benefits and expenses 6 63 1,798 (5 ) 1,862 Income (loss) before income taxes and equity in income of subsidiaries (7 ) (63 ) 412 — 342 Provision (benefit) for income taxes 21 (12 ) 103 — 112 Equity in income of subsidiaries 202 120 — (322 ) — Net income 174 69 309 (322 ) 230 Less: net income attributable to noncontrolling interests — — 56 — 56 Net income available to Genworth Financial, Inc.’s common stockholders $ 174 $ 69 $ 253 $ (322 ) $ 174 The following table presents the condensed consolidating income statement information for the three months ended March 31, 2018: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Revenues: Premiums $ — $ — $ 1,140 $ — $ 1,140 Net investment income (1 ) 3 805 (3 ) 804 Net investment gains (losses) — 6 (37 ) — (31 ) Policy fees and other income — — 203 (1 ) 202 Total revenues (1 ) 9 2,111 (4 ) 2,115 Benefits and expenses: Benefits and other changes in policy reserves — — 1,311 — 1,311 Interest credited — — 156 — 156 Acquisition and operating expenses, net of deferrals 7 — 233 — 240 Amortization of deferred acquisition costs and intangibles — — 104 — 104 Interest expense — 68 12 (4 ) 76 Total benefits and expenses 7 68 1,816 (4 ) 1,887 Income (loss) before income taxes and equity in income of subsidiaries (8 ) (59 ) 295 — 228 Provision (benefit) for income taxes 6 (17 ) 74 — 63 Equity in income of subsidiaries 126 45 — (171 ) — Net income 112 3 221 (171 ) 165 Less: net income attributable to noncontrolling interests — — 53 — 53 Net income available to Genworth Financial, Inc.’s common stockholders $ 112 $ 3 $ 168 $ (171 ) $ 112
Condensed Consolidating Statement of Comprehensive Income	The following table presents the condensed consolidating comprehensive income statement information for the three months ended March 31, 2019: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Net income $ 174 $ 69 $ 309 $ (322 ) $ 230 Other comprehensive income, net of taxes: Net unrealized gains (losses) on securities not other-than-temporarily impaired 347 283 379 (630 ) 379 Net unrealized gains (losses) on other-than-temporarily impaired securities 1 1 1 (2 ) 1 Derivatives qualifying as hedges 69 69 77 (146 ) 69 Foreign currency translation and other adjustments 31 24 53 (54 ) 54 Total other comprehensive income 448 377 510 (832 ) 503 Total comprehensive income 622 446 819 (1,154 ) 733 Less: comprehensive income attributable to noncontrolling interests — — 111 — 111 Total comprehensive income available to Genworth Financial, Inc.’s common stockholders $ 622 $ 446 $ 708 $ (1,154 ) $ 622 The following table presents the condensed consolidating comprehensive income statement information for the three months ended March 31, 2018: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Net income $ 112 $ 3 $ 221 $ (171 ) $ 165 Other comprehensive income (loss), net of taxes: Net unrealized gains (losses) on securities not other-than-temporarily impaired (332 ) (295 ) (341 ) 627 (341 ) Derivatives qualifying as hedges (152 ) (153 ) (165 ) 318 (152 ) Foreign currency translation and other adjustments (47 ) (36 ) (88 ) 84 (87 ) Total other comprehensive income (loss) (531 ) (484 ) (594 ) 1,029 (580 ) Total comprehensive loss (419 ) (481 ) (373 ) 858 (415 ) Less: comprehensive income attributable to noncontrolling interests — — 4 — 4 Total comprehensive loss available to Genworth Financial, Inc.’s common stockholders $ (419 ) $ (481 ) $ (377 ) $ 858 $ (419 )
Condensed Consolidating Statement of Cash Flows	The following table presents the condensed consolidating cash flow statement information for the three months ended March 31, 2019: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Cash flows from (used by) operating activities: Net income $ 174 $ 69 $ 309 $ (322 ) $ 230 Adjustments to reconcile net income to net cash from (used by) operating activities: Equity in income from subsidiaries (202 ) (120 ) — 322 — Dividends from subsidiaries — 47 (47 ) — — Amortization of fixed maturity securities discounts and premiums — 2 (18 ) — (16 ) Net investment (gains) losses — 3 (77 ) — (74 ) Charges assessed to policyholders — — (165 ) — (165 ) Acquisition costs deferred — — (17 ) — (17 ) Amortization of deferred acquisition costs and intangibles — — 91 — 91 Deferred income taxes 26 (3 ) 52 — 75 Derivative instruments and limited partnerships — (10 ) (20 ) — (30 ) Stock-based compensation expense 6 — 1 — 7 Change in certain assets and liabilities: Accrued investment income and other assets 19 — (281 ) 4 (258 ) Insurance reserves — — 301 — 301 Current tax liabilities 15 (9 ) 2 — 8 Other liabilities, policy and contract claims and other policy-related balances (18 ) (18 ) 21 (3 ) (18 ) Net cash from (used by) operating activities 20 (39 ) 152 1 134 Cash flows from (used by) investing activities: Proceeds from maturities and repayments of investments: Fixed maturity securities — — 902 — 902 Commercial mortgage loans — — 127 — 127 Restricted commercial mortgage loans related to a securitization entity — — 3 — 3 Proceeds from sales of investments: Fixed maturity and equity securities — — 1,714 — 1,714 Purchases and originations of investments: Fixed maturity and equity securities — — (2,128 ) — (2,128 ) Commercial mortgage loans — — (370 ) — (370 ) Other invested assets, net — 29 (11 ) (1 ) 17 Policy loans, net — — 12 — 12 Intercompany notes receivable — (51 ) 6 45 — Capital contributions to subsidiaries (3 ) — 3 — — Net cash from (used by) investing activities (3 ) (22 ) 258 44 277 Cash flows used by financing activities: Deposits to universal life and investment contracts — — 198 — 198 Withdrawals from universal life and investment contracts — — (581 ) — (581 ) Repurchase of subsidiary shares — — (12 ) — (12 ) Dividends paid to noncontrolling interests — — (28 ) — (28 ) Intercompany notes payable (16 ) (7 ) 68 (45 ) — Other, net (1 ) — 49 — 48 Net cash used by financing activities (17 ) (7 ) (306 ) (45 ) (375 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash — — 8 — 8 Net change in cash, cash equivalents and restricted cash — (68 ) 112 — 44 Cash, cash equivalents and restricted cash at beginning of period — 429 1,748 — 2,177 Cash, cash equivalents and restricted cash at end of period $ — $ 361 $ 1,860 $ — $ 2,221 The following table presents the condensed consolidating cash flow statement information for the three months ended March 31, 2018: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Cash flows from (used by) operating activities: Net income $ 112 $ 3 $ 221 $ (171 ) $ 165 Adjustments to reconcile net income to net cash from (used by) operating activities: Equity in income from subsidiaries (126 ) (45 ) — 171 — Dividends from subsidiaries — 63 (63 ) — — Amortization of fixed maturity securities discounts and premiums — 1 (26 ) — (25 ) Net investment (gains) losses — (6 ) 37 — 31 Charges assessed to policyholders — — (178 ) — (178 ) Acquisition costs deferred — — (18 ) — (18 ) Amortization of deferred acquisition costs and intangibles — — 104 — 104 Deferred income taxes 9 (47 ) 64 — 26 Derivative instruments and limited partnerships — 17 (169 ) — (152 ) Stock-based compensation expense 8 — (1 ) — 7 Change in certain assets and liabilities: Accrued investment income and other assets 5 16 (63 ) (3 ) (45 ) Insurance reserves — — 377 — 377 Current tax liabilities (23 ) 26 (42 ) — (39 ) Other liabilities, policy and contract claims and other policy-related balances (13 ) (19 ) (117 ) 5 (144 ) Net cash from (used by) operating activities (28 ) 9 126 2 109 Cash flows used by investing activities: Proceeds from maturities and repayments of investments: Fixed maturity securities — — 934 — 934 Commercial mortgage loans — — 205 — 205 Restricted commercial mortgage loans related to a securitization entity — — 8 — 8 Proceeds from sales of investments: Fixed maturity and equity securities — — 792 — 792 Purchases and originations of investments: Fixed maturity and equity securities — — (2,013 ) — (2,013 ) Commercial mortgage loans — — (199 ) — (199 ) Other invested assets, net — — 106 (2 ) 104 Policy loans, net — — 2 — 2 Intercompany notes receivable — (56 ) 59 (3 ) — Net cash used by investing activities — (56 ) (106 ) (5 ) (167 ) Cash flows from (used by) financing activities: Deposits to universal life and investment contracts — — 255 — 255 Withdrawals from universal life and investment contracts — — (591 ) — (591 ) Proceeds from the issuance of long-term debt — 441 — — 441 Repayment of borrowings related to a securitization entity — — (8 ) — (8 ) Repurchase of subsidiary shares — — (36 ) — (36 ) Dividends paid to noncontrolling interests — — (36 ) — (36 ) Intercompany notes payable 31 (59 ) 25 3 — Other, net (3 ) — 25 — 22 Net cash from (used by) financing activities 28 382 (366 ) 3 47 Effect of exchange rate changes on cash, cash equivalents and restricted cash — — (21 ) — (21 ) Net change in cash, cash equivalents and restricted cash — 335 (367 ) — (32 ) Cash, cash equivalents and restricted cash at beginning of period — 795 2,080 — 2,875 Cash, cash equivalents and restricted cash at end of period $ — $ 1,130 $ 1,713 $ — $ 2,843

Formation of Genworth and Bas_2

Formation of Genworth and Basis of Presentation - Additional Information (Detail) $ / shares in Units, $ in Billions	Oct. 21, 2016USD ($)$ / shares	Mar. 31, 2019Segment	Apr. 01, 2013
Number of operating segments | Segment		5
Genworth Holdings
Percentage of subsidiary equity ownership			100.00%
China Oceanwide Holdings Group Co., Ltd. | Definitive Acquisition Agreement
Total transaction value to acquire all of our outstanding common stock | $	$ 2.7
Per share amount to acquire all of our outstanding common stock | $ / shares	$ 5.43

Accounting Changes - Additional

Accounting Changes - Additional Information (Detail) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019Location	Dec. 31, 2018USD ($)	Jan. 01, 2019USD ($)
Disclosue of Accounting Changes [Line Items]
No of lease locations | Location	14
Operating Lease, Weighted Average Remaining Lease Term	7 years 7 months 6 days
Operating lease weighted average discount rate	6.24%
Lease rental expense		$ 11
Maximum [Member]
Disclosue of Accounting Changes [Line Items]
Operating lease term	14 years
Minimum [Member]
Disclosue of Accounting Changes [Line Items]
Operating lease term	1 year
Accounting Standards Update 2016-02 [Member]
Disclosue of Accounting Changes [Line Items]
Right of use asset related to operating leases included in other assets			$ 60
Operating Lease, Liability			63
Extinguish of accrued rent expense			$ 3

Earning Per Share (Detail)

Earning Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Weighted-average shares used in basic earnings per share calculations	501.2	499.6
Stock options, restricted stock units and stock appreciation rights	7.4	3.1
Weighted-average shares used in diluted earnings per share calculations	508.6	502.7
Net income:
Net income	$ 230	$ 165
Less: net income attributable to noncontrolling interests	56	53
Net income available to Genworth Financial, Inc.'s common stockholders	$ 174	$ 112
Basic earnings per share:
Net income	$ 0.46	$ 0.33
Less: net income attributable to noncontrolling interests	0.11	0.11
Net income available to Genworth Financial, Inc.'s common stockholders	0.35	0.22
Diluted earnings per share:
Net income	0.45	0.33
Less: net income attributable to noncontrolling interests	0.11	0.10
Net income available to Genworth Financial, Inc.'s common stockholders	$ 0.34	$ 0.22

Net Investment Income (Detail)

Net Investment Income (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net Investment Income [Line Items]
Gross investment income before expenses and fees	$ 853	$ 826
Expenses and fees	(24)	(22)
Net investment income	829	804
Fixed maturity securities—taxable
Net Investment Income [Line Items]
Gross investment income before expenses and fees	643	635
Fixed maturity securities—non-taxable
Net Investment Income [Line Items]
Gross investment income before expenses and fees	2	3
Equity Securities
Net Investment Income [Line Items]
Gross investment income before expenses and fees	9	10
Commercial mortgage loans
Net Investment Income [Line Items]
Gross investment income before expenses and fees	81	82
Restricted commercial mortgage loans related to securitization entities
Net Investment Income [Line Items]
Gross investment income before expenses and fees	1	2
Policy Loans
Net Investment Income [Line Items]
Gross investment income before expenses and fees	46	43
Other invested assets
Net Investment Income [Line Items]
Gross investment income before expenses and fees	59	39
Cash, cash equivalents, restricted cash and short-term investments
Net Investment Income [Line Items]
Gross investment income before expenses and fees	$ 12	$ 12

Net Investment Gains (Losses) (

Net Investment Gains (Losses) (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Investments [Abstract]
Realized gains		$ 81	$ 7
Realized losses		(22)	(16)
Net realized gains (losses) on available-for-sale securities		59	(9)
Total other-than-temporary impairments		0	0
Portion of other-than-temporary impairments included in other comprehensive income		0	0
Net realized gains (losses) on equity securities sold		3	2
Net unrealized gains (losses) on equity securities still held		8	(18)
Limited partnerships		15	7
Commercial mortgage loans		(1)	0
Derivative instruments	[1]	(10)	(13)
Total net investment gains (losses)		$ 74	$ (31)
[1]	See note 5 for additional information on the impact of derivative instruments included in net investment gains (losses).

Investments - Additional Inform

Investments - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)Loan	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)Loan
Schedule of Investments [Line Items]
Aggregate fair value of securities sold	$ 763	$ 619
Aggregate fair value of securities sold, percentage of book value	97.00%	98.00%
Percentage of investment portfolio by which no other industry group exceeded	10.00%
Percentage of stockholders' equity by which no single issuer of fixed maturity securities exceeded	10
Commercial mortgage loans outstanding more than 90 days, interest accruing	$ 0		$ 0
Commercial mortgage loans on nonaccrual status, past due less than 90 days	$ 0		$ 0
Commercial mortgage loans modified or extended, number of loans | Loan	1		2
Commercial mortgage loans modified or extended, carrying value	$ 11		$ 12
Investments in partnerships or similar entities generally considered VIEs	445		394
Commercial mortgage backed securities | Commercial mortgage loans greater than 90 days past due
Schedule of Investments [Line Items]
Impaired loans, unpaid principal balance	$ 3		3
Limited Partnership Interests
Schedule of Investments [Line Items]
Minimum threshold ownership percentage of limited partnership interest, equity method	3.00%
Finance and insurance | Fixed maturity securities
Schedule of Investments [Line Items]
Percent of investment portfolio, greater than 10%	24.00%
Utilities | Fixed maturity securities
Schedule of Investments [Line Items]
Percent of investment portfolio, greater than 10%	14.00%
Consumer-non-cyclical | Fixed maturity securities
Schedule of Investments [Line Items]
Percent of investment portfolio, greater than 10%	14.00%
Office
Schedule of Investments [Line Items]
Impaired loans, unpaid principal balance	$ 3	$ 6	$ 3

Credit Losses Recognized in Net

Credit Losses Recognized in Net Income (Loss) on Debt Securities (Detail) - Debt Securities - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Cumulative credit losses, beginning balance	$ 24	$ 32
Securities sold, paid down or disposed	(1)	(4)
Cumulative credit losses, ending balance	$ 23	$ 28

Net Unrealized Gains and Losses

Net Unrealized Gains and Losses on Available-for-Sale Investment Securities Reflected as Separate Component of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
		Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Components of Net Unrealized Investment Gains Losses Included in Accumulated Other Comprehensive Income Loss [Line Items]
Adjustments to deferred acquisition costs, present value of future profits, sales inducements and benefit reserves		$ (2,401)	$ (952)
Income taxes, net		(300)	(190)
Net unrealized investment gains (losses)		1,013	633
Less: net unrealized investment gains (losses) attributable to noncontrolling interests		70	38
Net unrealized investment gains (losses)		943	595	$ 917	$ 1,085
Net Unrealized Gains (Losses) On Investment Securities
Components of Net Unrealized Investment Gains Losses Included in Accumulated Other Comprehensive Income Loss [Line Items]
Net unrealized gains (losses) on fixed maturity securities	[1]	$ 3,714	$ 1,775
[1]	Excludes foreign exchange.

Change in Net Unrealized Gains

Change in Net Unrealized Gains (Losses) on Available-for-Sale Securities Reported in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Investments [Abstract]
Net unrealized investment gains (losses), beginning of period	$ 595	$ 1,085
Cumulative effect of changes in accounting:
Stranded tax effects	0	189
Recognition and measurement of financial assets and liabilities, net of taxes of $— and $18	0	(25)
Total cumulative effect of changes in accounting	0	164
Unrealized gains (losses) on investment securities	1,999	(1,681)
Adjustment to deferred acquisition costs	(989)	442
Adjustment to present value of future profits	(53)	36
Adjustment to sales inducements	(19)	20
Adjustment to benefit reserves	(388)	740
Provision for income taxes	(123)	95
Change in unrealized gains (losses) on investment securities	427	(348)
Reclassification adjustments to net investment (gains) losses, net of taxes of $13 and $(1)	(47)	7
Change in net unrealized investment gains (losses)	380	(341)
Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests	32	(9)
Net unrealized investment gains (losses), end of period	$ 943	$ 917

Change in Net Unrealized Gain_2

Change in Net Unrealized Gains (Losses) on Available-for-Sale Securities Reported in Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Components of Net Unrealized Investment Gains Losses Included in Accumulated Other Comprehensive Income Loss [Line Items]
Recognition and measurement of financial assets and liabilities,tax amount	$ 0	$ 18
Reclassification adjustments to net investment (gains) losses, taxes	$ 13	$ (1)

Amortized Cost or Cost, Gross U

Amortized Cost or Cost, Gross Unrealized Gains (Losses) and Fair Value of Fixed Maturity and Equity Securities Classified as Available-for-Sale (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Schedule of Investments [Line Items]
Amortized cost or cost, total	$ 57,742	$ 57,981
Fair value, total	61,360	59,661
Amortized cost or cost, fixed maturity securities	57,742
Fair value, fixed maturity securities	61,360	59,661
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	4,116	4,175
Fair value, fixed maturity securities	4,731	4,631
Fixed maturity securities | State and Political Subdivisions
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,329	2,406
Fair value, fixed maturity securities	2,546	2,552
Fixed maturity securities | Non-U.S. government
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,403	2,345
Fair value, fixed maturity securities	2,518	2,393
Fixed maturity securities | U.S. corporate
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	28,069	27,998
Fair value, fixed maturity securities	29,942	28,762
Fixed maturity securities | U.S. corporate | Utilities
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	4,296	4,439
Fair value, fixed maturity securities	4,685	4,675
Fixed maturity securities | U.S. corporate | Energy
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,447	2,382
Fair value, fixed maturity securities	2,618	2,419
Fixed maturity securities | U.S. corporate | Finance and insurance
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	6,883	6,705
Fair value, fixed maturity securities	7,251	6,822
Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	4,905	4,891
Fair value, fixed maturity securities	5,257	5,048
Fixed maturity securities | U.S. corporate | Technology and communications
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,832	2,823
Fair value, fixed maturity securities	2,974	2,855
Fixed maturity securities | U.S. corporate | Industrial
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,194	1,230
Fair value, fixed maturity securities	1,249	1,238
Fixed maturity securities | U.S. corporate | Capital goods
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,283	2,277
Fair value, fixed maturity securities	2,489	2,391
Fixed maturity securities | U.S. corporate | Consumer-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,579	1,592
Fair value, fixed maturity securities	1,646	1,597
Fixed maturity securities | U.S. corporate | Transportation
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,271	1,283
Fair value, fixed maturity securities	1,362	1,320
Fixed maturity securities | U.S. corporate | Other
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	379	376
Fair value, fixed maturity securities	411	397
Fixed maturity securities | Non-U.S. corporate
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	11,695	11,671
Fair value, fixed maturity securities	12,285	11,837
Fixed maturity securities | Non-U.S. corporate | Utilities
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,100	1,056
Fair value, fixed maturity securities	1,127	1,041
Fixed maturity securities | Non-U.S. corporate | Energy
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,327	1,320
Fair value, fixed maturity securities	1,447	1,369
Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,434	2,391
Fair value, fixed maturity securities	2,554	2,423
Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	699	756
Fair value, fixed maturity securities	709	739
Fixed maturity securities | Non-U.S. corporate | Technology and communications
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,151	1,168
Fair value, fixed maturity securities	1,197	1,165
Fixed maturity securities | Non-U.S. corporate | Industrial
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	920	926
Fair value, fixed maturity securities	973	945
Fixed maturity securities | Non-U.S. corporate | Capital goods
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	644	615
Fair value, fixed maturity securities	662	615
Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	537	532
Fair value, fixed maturity securities	541	520
Fixed maturity securities | Non-U.S. corporate | Transportation
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	756	689
Fair value, fixed maturity securities	815	720
Fixed maturity securities | Non-U.S. corporate | Other
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,127	2,218
Fair value, fixed maturity securities	2,260	2,300
Fixed maturity securities | Residential mortgage-backed
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,762	2,888
Fair value, fixed maturity securities	2,950	3,044
Fixed maturity securities | Commercial mortgage-backed
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,946	3,054
Fair value, fixed maturity securities	2,962	3,016
Fixed maturity securities | Other asset-backed
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	3,422	3,444
Fair value, fixed maturity securities	3,426	3,426
Not other-than-temporary impairments
Schedule of Investments [Line Items]
Gross unrealized gains	3,975	2,762
Gross unrealized losses	(371)	(1,096)
Not other-than-temporary impairments | Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	619	473
Gross unrealized losses, fixed maturity securities	(4)	(17)
Not other-than-temporary impairments | Fixed maturity securities | State and Political Subdivisions
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	223	168
Gross unrealized losses, fixed maturity securities	(6)	(22)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. government
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	121	72
Gross unrealized losses, fixed maturity securities	(6)	(24)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	2,100	1,446
Gross unrealized losses, fixed maturity securities	(227)	(682)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Utilities
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	426	331
Gross unrealized losses, fixed maturity securities	(37)	(95)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Energy
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	186	101
Gross unrealized losses, fixed maturity securities	(15)	(64)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Finance and insurance
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	405	249
Gross unrealized losses, fixed maturity securities	(37)	(132)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	407	294
Gross unrealized losses, fixed maturity securities	(55)	(137)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Technology and communications
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	161	110
Gross unrealized losses, fixed maturity securities	(19)	(78)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Industrial
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	67	41
Gross unrealized losses, fixed maturity securities	(12)	(33)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Capital goods
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	225	165
Gross unrealized losses, fixed maturity securities	(19)	(51)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Consumer-cyclical
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	83	53
Gross unrealized losses, fixed maturity securities	(16)	(48)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Transportation
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	107	78
Gross unrealized losses, fixed maturity securities	(16)	(41)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Other
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	33	24
Gross unrealized losses, fixed maturity securities	(1)	(3)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	649	390
Gross unrealized losses, fixed maturity securities	(59)	(224)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Utilities
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	36	17
Gross unrealized losses, fixed maturity securities	(9)	(32)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Energy
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	124	72
Gross unrealized losses, fixed maturity securities	(4)	(23)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	129	72
Gross unrealized losses, fixed maturity securities	(9)	(40)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	19	8
Gross unrealized losses, fixed maturity securities	(9)	(25)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Technology and communications
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	52	23
Gross unrealized losses, fixed maturity securities	(6)	(26)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Industrial
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	56	36
Gross unrealized losses, fixed maturity securities	(3)	(17)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Capital goods
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	21	10
Gross unrealized losses, fixed maturity securities	(3)	(10)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	8	1
Gross unrealized losses, fixed maturity securities	(4)	(13)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Transportation
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	65	46
Gross unrealized losses, fixed maturity securities	(6)	(15)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Other
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	139	105
Gross unrealized losses, fixed maturity securities	(6)	(23)
Not other-than-temporary impairments | Fixed maturity securities | Residential mortgage-backed
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	181	160
Gross unrealized losses, fixed maturity securities	(6)	(17)
Not other-than-temporary impairments | Fixed maturity securities | Commercial mortgage-backed
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	64	43
Gross unrealized losses, fixed maturity securities	(48)	(81)
Not other-than-temporary impairments | Fixed maturity securities | Other asset-backed
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	18	10
Gross unrealized losses, fixed maturity securities	(15)	(29)
Other-than-temporary impairments
Schedule of Investments [Line Items]
Gross unrealized gains	14	14
Other-than-temporary impairments | Fixed maturity securities | Residential mortgage-backed
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	13	13
Other-than-temporary impairments | Fixed maturity securities | Other asset-backed
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	$ 1	$ 1

Gross Unrealized Losses and Fai

Gross Unrealized Losses and Fair Value of Investment Securities (Detail) $ in Millions	Mar. 31, 2019USD ($)Securities	Dec. 31, 2018USD ($)Securities
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 2,869	$ 18,042
Less than 12 months, Gross unrealized losses	$ (58)	$ (695)
Less than 12 months, Number of securities in a continuous loss position | Securities	464	2,585
12 months or more, Fair value	$ 9,860	$ 6,678
12 months or more, Gross unrealized losses	$ (313)	$ (401)
12 months or more, Number of securities in a continuous loss position | Securities	1,511	1,055
Fair value	$ 12,729	$ 24,720
Gross unrealized losses	$ (371)	$ (1,096)
Number of securities in a continuous loss position | Securities	1,975	3,640
Investment grade
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 2,639	$ 16,726
Less than 12 months, Gross unrealized losses	$ (51)	$ (615)
Less than 12 months, Number of securities in a continuous loss position | Securities	434	2,393
12 months or more, Fair value	$ 9,439	$ 6,508
12 months or more, Gross unrealized losses	$ (292)	$ (379)
12 months or more, Number of securities in a continuous loss position | Securities	1,446	1,024
Fair value	$ 12,078	$ 23,234
Gross unrealized losses	$ (343)	$ (994)
Number of securities in a continuous loss position | Securities	1,880	3,417
Below investment grade
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 230	$ 1,316
Less than 12 months, Gross unrealized losses	$ (7)	$ (80)
Less than 12 months, Number of securities in a continuous loss position | Securities	30	192
12 months or more, Fair value	$ 421	$ 170
12 months or more, Gross unrealized losses	$ (21)	$ (22)
12 months or more, Number of securities in a continuous loss position | Securities	65	31
Fair value	$ 651	$ 1,486
Gross unrealized losses	$ (28)	$ (102)
Number of securities in a continuous loss position | Securities	95	223
Greater Than 50 Percent Below Cost
Schedule of Investments [Line Items]
12 months or more, Fair value	$ 3
12 months or more, Gross unrealized losses	$ (3)
12 months or more, Number of securities in a continuous loss position | Securities	3
Fair value	$ 3
Gross unrealized losses	$ (3)
Number of securities in a continuous loss position | Securities	3
Fixed maturity securities
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 2,869	$ 18,042
Less than 12 months, Gross unrealized losses	$ (58)	$ (695)
Less than 12 months, Number of securities in a continuous loss position | Securities	464	2,585
12 months or more, Fair value	$ 9,860	$ 6,678
12 months or more, Gross unrealized losses	$ (313)	$ (401)
12 months or more, Number of securities in a continuous loss position | Securities	1,511	1,055
Fair value	$ 12,729	$ 24,720
Gross unrealized losses	$ (371)	$ (1,096)
Number of securities in a continuous loss position | Securities	1,975	3,640
Fixed maturity securities | Less Than 20 Percent Below Cost
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 2,869	$ 18,008
Less than 12 months, Gross unrealized losses	$ (58)	$ (685)
Less than 12 months, Number of securities in a continuous loss position | Securities	464	2,581
12 months or more, Fair value	$ 9,839	$ 6,624
12 months or more, Gross unrealized losses	$ (304)	$ (383)
12 months or more, Number of securities in a continuous loss position | Securities	1,505	1,045
Fair value	$ 12,708	$ 24,632
Gross unrealized losses	$ (362)	$ (1,068)
Number of securities in a continuous loss position | Securities	1,969	3,626
Fixed maturity securities | 20 To 50 percent below cost
Schedule of Investments [Line Items]
Less than 12 months, Fair value		$ 34
Less than 12 months, Gross unrealized losses		$ (10)
Less than 12 months, Number of securities in a continuous loss position | Securities		4
12 months or more, Fair value	$ 18	$ 54
12 months or more, Gross unrealized losses	$ (6)	$ (18)
12 months or more, Number of securities in a continuous loss position | Securities	3	10
Fair value	$ 18	$ 88
Gross unrealized losses	$ (6)	$ (28)
Number of securities in a continuous loss position | Securities	3	14
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Schedule of Investments [Line Items]
Less than 12 months, Fair value		$ 545
Less than 12 months, Gross unrealized losses		$ (8)
Less than 12 months, Number of securities in a continuous loss position | Securities		17
12 months or more, Fair value	$ 229	$ 161
12 months or more, Gross unrealized losses	$ (4)
12 months or more, Number of securities in a continuous loss position | Securities	31	26
Fair value	$ 229	$ 706
Gross unrealized losses	$ (4)	$ (17)
Number of securities in a continuous loss position | Securities	31	43
Fixed maturity securities | State and Political Subdivisions
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 11	$ 371
Less than 12 months, Gross unrealized losses		$ (10)
Less than 12 months, Number of securities in a continuous loss position | Securities	3	63
12 months or more, Fair value	$ 259	$ 233
12 months or more, Gross unrealized losses	$ (6)	$ (12)
12 months or more, Number of securities in a continuous loss position | Securities	60	57
Fair value	$ 270	$ 604
Gross unrealized losses	$ (6)	$ (22)
Number of securities in a continuous loss position | Securities	63	120
Fixed maturity securities | Non-U.S. government
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 62	$ 261
Less than 12 months, Gross unrealized losses		$ (7)
Less than 12 months, Number of securities in a continuous loss position | Securities	11	51
12 months or more, Fair value	$ 331	$ 508
12 months or more, Gross unrealized losses	$ (6)	$ (17)
12 months or more, Number of securities in a continuous loss position | Securities	36	35
Fair value	$ 393	$ 769
Gross unrealized losses	$ (6)	$ (24)
Number of securities in a continuous loss position | Securities	47	86
Fixed maturity securities | U.S. corporate
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 1,247	$ 9,975
Less than 12 months, Gross unrealized losses	$ (37)	$ (472)
Less than 12 months, Number of securities in a continuous loss position | Securities	153	1,342
12 months or more, Fair value	$ 5,003	$ 2,449
12 months or more, Gross unrealized losses	$ (190)	$ (210)
12 months or more, Number of securities in a continuous loss position | Securities	698	365
Fair value	$ 6,250	$ 12,424
Gross unrealized losses	$ (227)	$ (682)
Number of securities in a continuous loss position | Securities	851	1,707
Fixed maturity securities | Non-U.S. corporate
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 354	$ 4,172
Less than 12 months, Gross unrealized losses	$ (6)	$ (150)
Less than 12 months, Number of securities in a continuous loss position | Securities	57	614
12 months or more, Fair value	$ 1,922	$ 1,274
12 months or more, Gross unrealized losses	$ (53)	$ (74)
12 months or more, Number of securities in a continuous loss position | Securities	296	209
Fair value	$ 2,276	$ 5,446
Gross unrealized losses	$ (59)	$ (224)
Number of securities in a continuous loss position | Securities	353	823
Fixed maturity securities | Residential mortgage-backed
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 46	$ 363
Less than 12 months, Gross unrealized losses	$ (1)	$ (6)
Less than 12 months, Number of securities in a continuous loss position | Securities	9	57
12 months or more, Fair value	$ 476	$ 579
12 months or more, Gross unrealized losses	$ (5)	$ (11)
12 months or more, Number of securities in a continuous loss position | Securities	85	96
Fair value	$ 522	$ 942
Gross unrealized losses	$ (6)	$ (17)
Number of securities in a continuous loss position | Securities	94	153
Fixed maturity securities | Commercial mortgage-backed
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 168	$ 758
Less than 12 months, Gross unrealized losses	$ (4)	$ (19)
Less than 12 months, Number of securities in a continuous loss position | Securities	22	115
12 months or more, Fair value	$ 933	$ 870
12 months or more, Gross unrealized losses	$ (44)	$ (62)
12 months or more, Number of securities in a continuous loss position | Securities	143	130
Fair value	$ 1,101	$ 1,628
Gross unrealized losses	$ (48)	$ (81)
Number of securities in a continuous loss position | Securities	165	245
Fixed maturity securities | Other asset-backed
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 981	$ 1,597
Less than 12 months, Gross unrealized losses	$ (10)	$ (23)
Less than 12 months, Number of securities in a continuous loss position | Securities	209	326
12 months or more, Fair value	$ 707	$ 604
12 months or more, Gross unrealized losses	$ (5)	$ (6)
12 months or more, Number of securities in a continuous loss position | Securities	162	137
Fair value	$ 1,688	$ 2,201
Gross unrealized losses	$ (15)	$ (29)
Number of securities in a continuous loss position | Securities	371	463

Gross Unrealized Losses and F_2

Gross Unrealized Losses and Fair Value of Corporate Securities Based on Industries (Detail) $ in Millions	Mar. 31, 2019USD ($)Securities	Dec. 31, 2018USD ($)Securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 2,869	$ 18,042
Less than 12 months, Gross unrealized losses	$ (58)	$ (695)
Less than 12 months, Number of securities in a continuous loss position | Securities	464	2,585
12 months or more, Fair value	$ 9,860	$ 6,678
12 months or more, Gross unrealized losses	$ (313)	$ (401)
12 months or more, Number of securities in a continuous loss position | Securities	1,511	1,055
Fair value	$ 12,729	$ 24,720
Gross unrealized losses	$ (371)	$ (1,096)
Number of securities in a continuous loss position | Securities	1,975	3,640
Fixed maturity securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 2,869	$ 18,042
Less than 12 months, Gross unrealized losses	$ (58)	$ (695)
Less than 12 months, Number of securities in a continuous loss position | Securities	464	2,585
12 months or more, Fair value	$ 9,860	$ 6,678
12 months or more, Gross unrealized losses	$ (313)	$ (401)
12 months or more, Number of securities in a continuous loss position | Securities	1,511	1,055
Fair value	$ 12,729	$ 24,720
Gross unrealized losses	$ (371)	$ (1,096)
Number of securities in a continuous loss position | Securities	1,975	3,640
Fixed maturity securities | U.S. corporate
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 1,247	$ 9,975
Less than 12 months, Gross unrealized losses	$ (37)	$ (472)
Less than 12 months, Number of securities in a continuous loss position | Securities	153	1,342
12 months or more, Fair value	$ 5,003	$ 2,449
12 months or more, Gross unrealized losses	$ (190)	$ (210)
12 months or more, Number of securities in a continuous loss position | Securities	698	365
Fair value	$ 6,250	$ 12,424
Gross unrealized losses	$ (227)	$ (682)
Number of securities in a continuous loss position | Securities	851	1,707
Fixed maturity securities | U.S. corporate | Utilities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 217	$ 1,246
Less than 12 months, Gross unrealized losses	$ (7)	$ (61)
Less than 12 months, Number of securities in a continuous loss position | Securities	22	173
12 months or more, Fair value	$ 697	$ 343
12 months or more, Gross unrealized losses	$ (30)	$ (34)
12 months or more, Number of securities in a continuous loss position | Securities	103	60
Fair value	$ 914	$ 1,589
Gross unrealized losses	$ (37)	$ (95)
Number of securities in a continuous loss position | Securities	125	233
Fixed maturity securities | U.S. corporate | Energy
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 60	$ 944
Less than 12 months, Gross unrealized losses		$ (47)
Less than 12 months, Number of securities in a continuous loss position | Securities	15	135
12 months or more, Fair value	$ 368	$ 152
12 months or more, Gross unrealized losses	$ (15)	$ (17)
12 months or more, Number of securities in a continuous loss position | Securities	49	23
Fair value	$ 428	$ 1,096
Gross unrealized losses	$ (15)	$ (64)
Number of securities in a continuous loss position | Securities	64	158
Fixed maturity securities | U.S. corporate | Finance and insurance
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 203	$ 2,393
Less than 12 months, Gross unrealized losses	$ (5)	$ (92)
Less than 12 months, Number of securities in a continuous loss position | Securities	27	326
12 months or more, Fair value	$ 1,398	$ 688
12 months or more, Gross unrealized losses	$ (32)	$ (40)
12 months or more, Number of securities in a continuous loss position | Securities	198	95
Fair value	$ 1,601	$ 3,081
Gross unrealized losses	$ (37)	$ (132)
Number of securities in a continuous loss position | Securities	225	421
Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 313	$ 1,826
Less than 12 months, Gross unrealized losses	$ (13)	$ (101)
Less than 12 months, Number of securities in a continuous loss position | Securities	27	203
12 months or more, Fair value	$ 813	$ 389
12 months or more, Gross unrealized losses	$ (42)	$ (36)
12 months or more, Number of securities in a continuous loss position | Securities	104	55
Fair value	$ 1,126	$ 2,215
Gross unrealized losses	$ (55)	$ (137)
Number of securities in a continuous loss position | Securities	131	258
Fixed maturity securities | U.S. corporate | Technology and communications
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 95	$ 1,135
Less than 12 months, Gross unrealized losses	$ (4)	$ (51)
Less than 12 months, Number of securities in a continuous loss position | Securities	17	152
12 months or more, Fair value	$ 446	$ 263
12 months or more, Gross unrealized losses	$ (15)	$ (27)
12 months or more, Number of securities in a continuous loss position | Securities	66	34
Fair value	$ 541	$ 1,398
Gross unrealized losses	$ (19)	$ (78)
Number of securities in a continuous loss position | Securities	83	186
Fixed maturity securities | U.S. corporate | Industrial
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 98	$ 506
Less than 12 months, Gross unrealized losses	$ (2)	$ (27)
Less than 12 months, Number of securities in a continuous loss position | Securities	10	63
12 months or more, Fair value	$ 193	$ 74
12 months or more, Gross unrealized losses	$ (10)	$ (6)
12 months or more, Number of securities in a continuous loss position | Securities	27	13
Fair value	$ 291	$ 580
Gross unrealized losses	$ (12)	$ (33)
Number of securities in a continuous loss position | Securities	37	76
Fixed maturity securities | U.S. corporate | Capital goods
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 87	$ 704
Less than 12 months, Gross unrealized losses	$ (2)	$ (31)
Less than 12 months, Number of securities in a continuous loss position | Securities	15	103
12 months or more, Fair value	$ 359	$ 184
12 months or more, Gross unrealized losses	$ (17)	$ (20)
12 months or more, Number of securities in a continuous loss position | Securities	48	27
Fair value	$ 446	$ 888
Gross unrealized losses	$ (19)	$ (51)
Number of securities in a continuous loss position | Securities	63	130
Fixed maturity securities | U.S. corporate | Consumer-cyclical
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 59	$ 738
Less than 12 months, Gross unrealized losses	$ 0	$ (35)
Less than 12 months, Number of securities in a continuous loss position | Securities	12	123
12 months or more, Fair value	$ 397	$ 162
12 months or more, Gross unrealized losses	$ (16)	$ (13)
12 months or more, Number of securities in a continuous loss position | Securities	53	26
Fair value	$ 456	$ 900
Gross unrealized losses	$ (16)	$ (48)
Number of securities in a continuous loss position | Securities	65	149
Fixed maturity securities | U.S. corporate | Transportation
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 99	$ 435
Less than 12 months, Gross unrealized losses	$ (3)	$ (25)
Less than 12 months, Number of securities in a continuous loss position | Securities	7	60
12 months or more, Fair value	$ 316	$ 179
12 months or more, Gross unrealized losses	$ (13)	$ (16)
12 months or more, Number of securities in a continuous loss position | Securities	49	31
Fair value	$ 415	$ 614
Gross unrealized losses	$ (16)	$ (41)
Number of securities in a continuous loss position | Securities	56	91
Fixed maturity securities | U.S. corporate | Other
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 16	$ 48
Less than 12 months, Gross unrealized losses	$ (1)	$ (2)
Less than 12 months, Number of securities in a continuous loss position | Securities	1	4
12 months or more, Fair value	$ 16	$ 15
12 months or more, Gross unrealized losses	$ 0	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	1	1
Fair value	$ 32	$ 63
Gross unrealized losses	$ (1)	$ (3)
Number of securities in a continuous loss position | Securities	2	5
Fixed maturity securities | Non-U.S. corporate
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 354	$ 4,172
Less than 12 months, Gross unrealized losses	$ (6)	$ (150)
Less than 12 months, Number of securities in a continuous loss position | Securities	57	614
12 months or more, Fair value	$ 1,922	$ 1,274
12 months or more, Gross unrealized losses	$ (53)	$ (74)
12 months or more, Number of securities in a continuous loss position | Securities	296	209
Fair value	$ 2,276	$ 5,446
Gross unrealized losses	$ (59)	$ (224)
Number of securities in a continuous loss position | Securities	353	823
Fixed maturity securities | Non-U.S. corporate | Utilities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 24	$ 404
Less than 12 months, Gross unrealized losses		$ (19)
Less than 12 months, Number of securities in a continuous loss position | Securities	2	58
12 months or more, Fair value	$ 259	$ 173
12 months or more, Gross unrealized losses	$ (9)	$ (13)
12 months or more, Number of securities in a continuous loss position | Securities	30	24
Fair value	$ 283	$ 577
Gross unrealized losses	$ (9)	$ (32)
Number of securities in a continuous loss position | Securities	32	82
Fixed maturity securities | Non-U.S. corporate | Energy
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 29	$ 439
Less than 12 months, Gross unrealized losses		$ (15)
Less than 12 months, Number of securities in a continuous loss position | Securities	4	64
12 months or more, Fair value	$ 187	$ 136
12 months or more, Gross unrealized losses	$ (4)	$ (8)
12 months or more, Number of securities in a continuous loss position | Securities	26	20
Fair value	$ 216	$ 575
Gross unrealized losses	$ (4)	$ (23)
Number of securities in a continuous loss position | Securities	30	84
Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 39	$ 899
Less than 12 months, Gross unrealized losses		$ (25)
Less than 12 months, Number of securities in a continuous loss position | Securities	9	151
12 months or more, Fair value	$ 475	$ 294
12 months or more, Gross unrealized losses	$ (9)	$ (15)
12 months or more, Number of securities in a continuous loss position | Securities	73	52
Fair value	$ 514	$ 1,193
Gross unrealized losses	$ (9)	$ (40)
Number of securities in a continuous loss position | Securities	82	203
Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 38	$ 377
Less than 12 months, Gross unrealized losses	$ (1)	$ (16)
Less than 12 months, Number of securities in a continuous loss position | Securities	9	51
12 months or more, Fair value	$ 208	$ 102
12 months or more, Gross unrealized losses	$ (8)	$ (9)
12 months or more, Number of securities in a continuous loss position | Securities	25	14
Fair value	$ 246	$ 479
Gross unrealized losses	$ (9)	$ (25)
Number of securities in a continuous loss position | Securities	34	65
Fixed maturity securities | Non-U.S. corporate | Technology and communications
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 89	$ 611
Less than 12 months, Gross unrealized losses	$ (2)	$ (24)
Less than 12 months, Number of securities in a continuous loss position | Securities	7	75
12 months or more, Fair value	$ 136	$ 50
12 months or more, Gross unrealized losses	$ (4)	$ (2)
12 months or more, Number of securities in a continuous loss position | Securities	28	12
Fair value	$ 225	$ 661
Gross unrealized losses	$ (6)	$ (26)
Number of securities in a continuous loss position | Securities	35	87
Fixed maturity securities | Non-U.S. corporate | Industrial
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 8	$ 275
Less than 12 months, Gross unrealized losses		$ (11)
Less than 12 months, Number of securities in a continuous loss position | Securities	4	48
12 months or more, Fair value	$ 135	$ 72
12 months or more, Gross unrealized losses	$ (3)	$ (6)
12 months or more, Number of securities in a continuous loss position | Securities	18	8
Fair value	$ 143	$ 347
Gross unrealized losses	$ (3)	$ (17)
Number of securities in a continuous loss position | Securities	22	56
Fixed maturity securities | Non-U.S. corporate | Capital goods
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 23	$ 226
Less than 12 months, Gross unrealized losses		$ (7)
Less than 12 months, Number of securities in a continuous loss position | Securities	4	27
12 months or more, Fair value	$ 116	$ 69
12 months or more, Gross unrealized losses	$ (3)	$ (3)
12 months or more, Number of securities in a continuous loss position | Securities	16	13
Fair value	$ 139	$ 295
Gross unrealized losses	$ (3)	$ (10)
Number of securities in a continuous loss position | Securities	20	40
Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 37	$ 268
Less than 12 months, Gross unrealized losses	$ (1)	$ (11)
Less than 12 months, Number of securities in a continuous loss position | Securities	6	42
12 months or more, Fair value	$ 128	$ 117
12 months or more, Gross unrealized losses	$ (3)	$ (2)
12 months or more, Number of securities in a continuous loss position | Securities	25	19
Fair value	$ 165	$ 385
Gross unrealized losses	$ (4)	$ (13)
Number of securities in a continuous loss position | Securities	31	61
Fixed maturity securities | Non-U.S. corporate | Transportation
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 38	$ 232
Less than 12 months, Gross unrealized losses	$ (1)	$ (7)
Less than 12 months, Number of securities in a continuous loss position | Securities	6	27
12 months or more, Fair value	$ 102	$ 67
12 months or more, Gross unrealized losses	$ (5)	$ (8)
12 months or more, Number of securities in a continuous loss position | Securities	18	11
Fair value	$ 140	$ 299
Gross unrealized losses	$ (6)	$ (15)
Number of securities in a continuous loss position | Securities	24	38
Fixed maturity securities | Non-U.S. corporate | Other
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 29	$ 441
Less than 12 months, Gross unrealized losses	$ (1)	$ (15)
Less than 12 months, Number of securities in a continuous loss position | Securities	6	71
12 months or more, Fair value	$ 176	$ 194
12 months or more, Gross unrealized losses	$ (5)	$ (8)
12 months or more, Number of securities in a continuous loss position | Securities	37	36
Fair value	$ 205	$ 635
Gross unrealized losses	$ (6)	$ (23)
Number of securities in a continuous loss position | Securities	43	107
Fixed maturity securities | Corporate Debt Securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 1,601	$ 14,147
Less than 12 months, Gross unrealized losses	$ (43)	$ (622)
Less than 12 months, Number of securities in a continuous loss position | Securities	210	1,956
12 months or more, Fair value	$ 6,925	$ 3,723
12 months or more, Gross unrealized losses	$ (243)	$ (284)
12 months or more, Number of securities in a continuous loss position | Securities	994	574
Fair value	$ 8,526	$ 17,870
Gross unrealized losses	$ (286)	$ (906)
Number of securities in a continuous loss position | Securities	1,204	2,530

Scheduled Maturity Distribution

Scheduled Maturity Distribution of Fixed Maturity Securities (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Amortized cost or cost
Due one year or less	$ 2,005
Due after one year through five years	10,826
Due after five years through ten years	12,265
Due after ten years	23,516
Subtotal	48,612
Amortized cost or cost, fixed maturity securities	57,742
Fair value
Due one year or less	2,021
Due after one year through five years	11,105
Due after five years through ten years	12,770
Due after ten years	26,126
Subtotal	52,022
Fair value, fixed maturity securities	61,360	$ 59,661
Residential mortgage-backed
Amortized cost or cost
Fixed maturity securities	2,762
Fair value
Fixed maturity securities	2,950
Commercial mortgage-backed
Amortized cost or cost
Fixed maturity securities	2,946
Fair value
Fixed maturity securities	2,962
Other asset-backed
Amortized cost or cost
Fixed maturity securities	3,422
Fair value
Fixed maturity securities	$ 3,426

Distribution Across Property Ty

Distribution Across Property Type and Geographic Region for Commercial Mortgage Loans (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 6,943	$ 6,700
Unamortized balance of loan origination fees and costs	$ (4)	$ (4)
% of total	100.00%	100.00%
Allowance for losses	$ (10)	$ (9)
Total	6,988	6,749
Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	6,943	6,700
Unamortized balance of loan origination fees and costs	$ (4)	$ (4)
% of total	100.00%	100.00%
Allowance for losses	$ (10)	$ (9)
Total	6,929	6,687
South Atlantic | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,739	$ 1,709
% of total	25.00%	26.00%
Pacific | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,705	$ 1,684
% of total	25.00%	25.00%
Middle Atlantic | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,020	$ 950
% of total	15.00%	14.00%
Mountain | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 688	$ 667
% of total	10.00%	10.00%
West North Central | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 486	$ 470
% of total	7.00%	7.00%
East North Central | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 449	$ 405
% of total	6.00%	6.00%
West South Central | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 369	$ 364
% of total	5.00%	6.00%
New England
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 267	$ 228
% of total	4.00%	3.00%
East South Central
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 220	$ 223
% of total	3.00%	3.00%
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2,548	$ 2,463
% of total	37.00%	37.00%
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,678	$ 1,659
% of total	24.00%	25.00%
Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,671	$ 1,548
% of total	24.00%	23.00%
Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 520	$ 495
% of total	7.00%	7.00%
Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 254	$ 254
% of total	4.00%	4.00%
Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 272	$ 281
% of total	4.00%	4.00%

Aging of Past Due Commercial Mo

Aging of Past Due Commercial Mortgage Loans by Property Type (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 6,943	$ 6,700
% of total	100.00%	100.00%
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2,548	$ 2,463
% of total	37.00%	37.00%
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,678	$ 1,659
% of total	24.00%	25.00%
Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,671	$ 1,548
% of total	24.00%	23.00%
Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 520	$ 495
% of total	7.00%	7.00%
Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 254	$ 254
% of total	4.00%	4.00%
Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 272	$ 281
% of total	4.00%	4.00%
31-60 days past due
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment		$ 3
31-60 days past due | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment		3
Greater than 90 days past due
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 3	3
Greater than 90 days past due | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	3	3
Total past due
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	3	6
Total past due | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment		3
Total past due | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	3	3
Current
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 6,940	$ 6,694
% of total	100.00%	100.00%
Current | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2,548	$ 2,460
Current | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	1,678	1,659
Current | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	1,668	1,545
Current | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	520	495
Current | Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	254	254
Current | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 272	$ 281

Allowance for Credit Losses and

Allowance for Credit Losses and Recorded Investment in Commercial Mortgage Loans (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 9
Ending balance	10
Ending balance	6,943		$ 6,700
Allowance for Credit Losses
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	9	$ 9
Provision	1
Ending balance	10	9
Ending allowance for loans not individually impaired that were evaluated collectively for impairment	10	9
Commercial Mortgage Loans Recorded Investment
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending balance	6,943	6,348
Ending balance of individually impaired loans	3	6
Ending balance of loans not individually impaired that were evaluated collectively for impairment	$ 6,940	$ 6,342

Loan-to-Value of Commercial Mor

Loan-to-Value of Commercial Mortgage Loans by Property Type (Detail) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019USD ($)		Dec. 31, 2018USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 6,943		$ 6,700
% of total	100.00%		100.00%
Weighted-average debt service coverage ratio	1.93		2
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2,548		$ 2,463
% of total	37.00%		37.00%
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,678		$ 1,659
% of total	24.00%		25.00%
Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,671		$ 1,548
% of total	24.00%		23.00%
Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 520		$ 495
% of total	7.00%		7.00%
Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 254		$ 254
% of total	4.00%		4.00%
Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 272		$ 281
% of total	4.00%		4.00%
0% - 50%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2,558		$ 2,554
% of total	37.00%		38.00%
Weighted-average debt service coverage ratio	2.42		2.42
0% - 50% | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 877		$ 866
0% - 50% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	738		749
0% - 50% | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	588		585
0% - 50% | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	208		206
0% - 50% | Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	104		105
0% - 50% | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	43		43
51% - 60%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,401		$ 1,426
% of total	20.00%		21.00%
Weighted-average debt service coverage ratio	1.80		2.04
51% - 60% | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 537		$ 565
51% - 60% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	290		279
51% - 60% | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	371		373
51% - 60% | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	90		95
51% - 60% | Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	45		36
51% - 60% | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	68		78
61% - 75%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2,948		$ 2,682
% of total	43.00%		40.00%
Weighted-average debt service coverage ratio	1.58		1.59
61% - 75% | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,119		$ 1,017
61% - 75% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	634		615
61% - 75% | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	712		588
61% - 75% | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	217		189
61% - 75% | Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	105		113
61% - 75% | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	161		160
76% - 100%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 34		$ 36
% of total			1.00%
Weighted-average debt service coverage ratio	1.46		1.38
76% - 100% | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 15		$ 15
76% - 100% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	14		14
76% - 100% | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment			2
76% - 100% | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	5		5
76% - 100% | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0		0
Greater than 100%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2	[1]	$ 2	[2]
Weighted-average debt service coverage ratio	0.88	[1]	0.88	[2]
Greater than 100% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2	[1]	$ 2	[2]
[1]	Included a loan with a recorded investment of $2 million in good standing, where the borrower continued to make timely payments, with a loan-to-value of 104%. We evaluated this loan on an individual basis and as it is in good standing, the current recorded investment is expected to be recoverable.
[2]	Included a loan with a recorded investment of $2 million in good standing, where the borrower continued to make timely payments, with a loan-to-value of 105%. We evaluated this loan on an individual basis and as it is in good standing, the current recorded investment is expected to be recoverable.

Loan-to-Value of Commercial M_2

Loan-to-Value of Commercial Mortgage Loans by Property Type (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019		Dec. 31, 2018
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 6,943		$ 6,700
Weighted-average loan-to-value	64.00%
Greater than 100%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2	[1]	2	[2]
Greater than 100% | Loans in Good Standing
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2		$ 2
Weighted-average loan-to-value	104.00%		105.00%
[1]	Included a loan with a recorded investment of $2 million in good standing, where the borrower continued to make timely payments, with a loan-to-value of 104%. We evaluated this loan on an individual basis and as it is in good standing, the current recorded investment is expected to be recoverable.
[2]	Included a loan with a recorded investment of $2 million in good standing, where the borrower continued to make timely payments, with a loan-to-value of 105%. We evaluated this loan on an individual basis and as it is in good standing, the current recorded investment is expected to be recoverable.

Debt Service Coverage Ratio for

Debt Service Coverage Ratio for Fixed Rate Commercial Mortgage Loans by Property Type (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 6,943	$ 6,700
% of total	100.00%	100.00%
Weighted-average loan-to-value	64.00%
Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 6,943	$ 6,700
% of total	100.00%	100.00%
Weighted-average loan-to-value		54.00%
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2,548	$ 2,463
% of total	37.00%	37.00%
Retail | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2,548	$ 2,463
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,678	$ 1,659
% of total	24.00%	25.00%
Industrial | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,678	$ 1,659
Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,671	$ 1,548
% of total	24.00%	23.00%
Office | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,671	$ 1,548
Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 520	$ 495
% of total	7.00%	7.00%
Apartments | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 520	$ 495
Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 254	$ 254
% of total	4.00%	4.00%
Mixed Use | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 254	$ 254
Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 272	$ 281
% of total	4.00%	4.00%
Other | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 272	$ 281
Less than 1.00 | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 130	$ 142
% of total	2.00%	2.00%
Weighted-average loan-to-value		57.00%
Less than 1.00 | Retail | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 35	$ 43
Less than 1.00 | Industrial | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	22	22
Less than 1.00 | Office | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	53	57
Less than 1.00 | Apartments | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	4	4
Less than 1.00 | Mixed Use | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	3	3
Less than 1.00 | Other | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	13	13
1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 455	$ 465
% of total	7.00%	7.00%
Weighted-average loan-to-value		61.00%
1.00 - 1.25 | Retail | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 155	$ 157
1.00 - 1.25 | Industrial | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	69	75
1.00 - 1.25 | Office | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	56	56
1.00 - 1.25 | Apartments | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	24	24
1.00 - 1.25 | Mixed Use | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	18	19
1.00 - 1.25 | Other | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	133	134
1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,246	$ 1,042
% of total	18.00%	16.00%
Weighted-average loan-to-value		62.00%
1.26 - 1.50 | Retail | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 572	$ 448
1.26 - 1.50 | Industrial | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	259	233
1.26 - 1.50 | Office | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	203	156
1.26 - 1.50 | Apartments | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	108	104
1.26 - 1.50 | Mixed Use | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	52	51
1.26 - 1.50 | Other | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	52	50
1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 3,030	$ 2,950
% of total	43.00%	44.00%
Weighted-average loan-to-value		59.00%
1.51 - 2.00 | Retail | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,216	$ 1,234
1.51 - 2.00 | Industrial | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	667	653
1.51 - 2.00 | Office | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	836	765
1.51 - 2.00 | Apartments | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	191	168
1.51 - 2.00 | Mixed Use | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	80	80
1.51 - 2.00 | Other | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	40	50
Greater than 2.00 | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2,082	$ 2,101
% of total	30.00%	31.00%
Weighted-average loan-to-value		42.00%
Greater than 2.00 | Retail | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 570	$ 581
Greater than 2.00 | Industrial | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	661	676
Greater than 2.00 | Office | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	523	514
Greater than 2.00 | Apartments | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	193	195
Greater than 2.00 | Mixed Use | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	101	101
Greater than 2.00 | Other | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 34	$ 34

Schedule of Positions in Deriva

Schedule of Positions in Derivative Instruments (Detail) - USD ($) $ in Millions		Mar. 31, 2019		Dec. 31, 2018
Derivative [Line Items]
Derivative assets, fair value		$ 205		$ 198
Derivative liabilities, fair value		819		906
Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value		731		738
Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		88		168
Other invested assets
Derivative [Line Items]
Derivative assets, fair value		187		178
Interest rate swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		49		102
Interest rate swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		59		42
Foreign currency swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		13		23
Foreign currency swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		3		6
Interest rate swaps in a foreign currency | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		46		74
Interest rate caps and floors | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		13		7
Equity index options | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		60		39
Equity return swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		1		1
Other foreign currency contracts | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		25		42
Other foreign currency contracts | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		6		10
GMWB embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[1]	295		337
GMWB embedded derivatives | Reinsurance recoverable
Derivative [Line Items]
Derivative assets, fair value		18	[2]	20	[3]
Fixed index annuity embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value		423		389
Indexed universal life embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value		13		12
Designated As Hedging Instrument
Derivative [Line Items]
Derivative assets, fair value		62		48
Derivative liabilities, fair value		49		102
Designated As Hedging Instrument | Cash Flow Hedges
Derivative [Line Items]
Derivative assets, fair value		62		48
Derivative liabilities, fair value		49		102
Designated As Hedging Instrument | Cash Flow Hedges | Interest rate swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		49		102
Designated As Hedging Instrument | Cash Flow Hedges | Interest rate swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		59		42
Designated As Hedging Instrument | Cash Flow Hedges | Foreign currency swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		0		0
Designated As Hedging Instrument | Cash Flow Hedges | Foreign currency swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		3		6
Derivatives not designated as hedges
Derivative [Line Items]
Derivative assets, fair value		143		150
Derivative liabilities, fair value		770		804
Derivatives not designated as hedges | Foreign currency swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		13		23
Derivatives not designated as hedges | Foreign currency swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		0		0
Derivatives not designated as hedges | Interest rate swaps in a foreign currency | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		0		0
Derivatives not designated as hedges | Interest rate swaps in a foreign currency | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		46		74
Derivatives not designated as hedges | Interest rate caps and floors | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		0		0
Derivatives not designated as hedges | Interest rate caps and floors | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		13		7
Derivatives not designated as hedges | Equity index options | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		0		0
Derivatives not designated as hedges | Equity index options | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		60		39
Derivatives not designated as hedges | Financial futures | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		0		0
Derivatives not designated as hedges | Financial futures | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		0		0
Derivatives not designated as hedges | Equity return swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		1		1
Derivatives not designated as hedges | Equity return swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		0		0
Derivatives not designated as hedges | Other foreign currency contracts | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		25		42
Derivatives not designated as hedges | Other foreign currency contracts | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		6		10
Derivatives not designated as hedges | GMWB embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[4]	295		337
Derivatives not designated as hedges | GMWB embedded derivatives | Reinsurance recoverable
Derivative [Line Items]
Derivative assets, fair value	[5]	18		20
Derivatives not designated as hedges | Fixed index annuity embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[6]	423		389
Derivatives not designated as hedges | Fixed index annuity embedded derivatives | Other assets
Derivative [Line Items]
Derivative assets, fair value		0		0
Derivatives not designated as hedges | Indexed universal life embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[7]	13		12
Derivatives not designated as hedges | Indexed universal life embedded derivatives | Reinsurance recoverable
Derivative [Line Items]
Derivative assets, fair value		$ 0		$ 0
[1]	Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
[2]	Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities.
[3]	Limited partnerships that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy.
[4]	Represents the embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
[5]	Represents embedded derivatives associated with the reinsured portion of our guaranteed minimum withdrawal benefits (“GMWB”) liabilities.
[6]	Represents the embedded derivatives associated with our fixed index annuity liabilities.
[7]	Represents the embedded derivatives associated with our indexed universal life liabilities.

Activity Associated with Deriva

Activity Associated with Derivative Instruments (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)Policies
Derivative [Line Items]
Notional amount, beginning balance	$ 25,460
Additions	3,866
Maturities/ terminations	(4,722)
Notional amount, ending balance	24,604
Designated As Hedging Instrument
Derivative [Line Items]
Notional amount, beginning balance	10,004
Additions	35
Maturities/ terminations	(676)
Notional amount, ending balance	9,363
Designated As Hedging Instrument | Cash Flow Hedges
Derivative [Line Items]
Notional amount, beginning balance	10,004
Additions	35
Maturities/ terminations	(676)
Notional amount, ending balance	9,363
Designated As Hedging Instrument | Cash Flow Hedges | Interest rate swaps
Derivative [Line Items]
Notional amount, beginning balance	9,924
Additions	0
Maturities/ terminations	(654)
Notional amount, ending balance	9,270
Designated As Hedging Instrument | Cash Flow Hedges | Foreign currency swaps
Derivative [Line Items]
Notional amount, beginning balance	80
Additions	35
Maturities/ terminations	(22)
Notional amount, ending balance	93
Derivatives not designated as hedges
Derivative [Line Items]
Notional amount, beginning balance	15,456
Additions	3,831
Maturities/ terminations	(4,046)
Notional amount, ending balance	15,241
Derivatives not designated as hedges | Interest rate swaps
Derivative [Line Items]
Notional amount, beginning balance	4,674
Additions	0
Maturities/ terminations	0
Notional amount, ending balance	4,674
Derivatives not designated as hedges | Foreign currency swaps
Derivative [Line Items]
Notional amount, beginning balance	453
Additions	0
Maturities/ terminations	(2)
Notional amount, ending balance	451
Derivatives not designated as hedges | Interest rate swaps in a foreign currency | Other invested assets
Derivative [Line Items]
Notional amount, beginning balance	2,565
Additions	98
Maturities/ terminations	(44)
Notional amount, ending balance	2,619
Derivatives not designated as hedges | Interest rate caps and floors
Derivative [Line Items]
Notional amount, beginning balance	2,624
Additions	84
Maturities/ terminations	(38)
Notional amount, ending balance	2,670
Derivatives not designated as hedges | Equity index options
Derivative [Line Items]
Notional amount, beginning balance	2,628
Additions	503
Maturities/ terminations	(580)
Notional amount, ending balance	2,551
Derivatives not designated as hedges | Financial futures
Derivative [Line Items]
Notional amount, beginning balance	1,415
Additions	1,759
Maturities/ terminations	(1,968)
Notional amount, ending balance	1,206
Derivatives not designated as hedges | Equity return swaps
Derivative [Line Items]
Notional amount, beginning balance	17
Additions	1
Maturities/ terminations	0
Notional amount, ending balance	18
Derivatives not designated as hedges | Other foreign currency contracts
Derivative [Line Items]
Notional amount, beginning balance	1,080
Additions	1,386
Maturities/ terminations	(1,414)
Notional amount, ending balance	$ 1,052
Derivatives not designated as hedges | GMWB embedded derivatives
Derivative [Line Items]
Notional amount, beginning balance | Policies	27,886
Additions | Policies	0
Maturities/ terminations | Policies	(577)
Notional amount, ending balance | Policies	27,309
Derivatives not designated as hedges | Fixed index annuity embedded derivatives
Derivative [Line Items]
Notional amount, beginning balance | Policies	16,464
Additions | Policies	0
Maturities/ terminations | Policies	(213)
Notional amount, ending balance | Policies	16,251
Derivatives not designated as hedges | Indexed universal life embedded derivatives
Derivative [Line Items]
Notional amount, beginning balance | Policies	929
Additions | Policies	0
Maturities/ terminations | Policies	(11)
Notional amount, ending balance | Policies	918

Schedule of Pre-Tax Income (Los

Schedule of Pre-Tax Income (Loss) Effects of Cash Flow Hedges (Detail) - Cash Flow Hedges - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	$ 122	$ (157)
Gain (loss) reclassified into net income from OCI	44	40
Gain (loss) recognized in net income (loss)	2	0
Interest Rate Swaps Hedging Assets | Net Investment Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	137	(173)
Gain (loss) reclassified into net income from OCI	38	35
Gain (loss) recognized in net income (loss)	0	0
Interest Rate Swaps Hedging Assets | Net Investment (Gains) Losses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	0	0
Gain (loss) reclassified into net income from OCI	6	5
Gain (loss) recognized in net income (loss)	0	0
Interest Rate Swaps Hedging Liabilities | Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	(12)	17
Gain (loss) reclassified into net income from OCI	0	0
Interest Rate Swaps Hedging Liabilities | Net Investment (Gains) Losses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in net income (loss)	0	0
Foreign currency swaps | Net Investment Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	(3)	(1)
Gain (loss) reclassified into net income from OCI	0	0
Foreign currency swaps | Net Investment (Gains) Losses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in net income (loss)	$ 2	$ 0

Reconciliation of Current Perio

Reconciliation of Current Period Changes, Net of Applicable Income Taxes, for Derivatives Qualifying as Hedges (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments [Abstract]
Derivatives qualifying as effective accounting hedges, beginning of period	$ 1,781	$ 2,065
Cumulative effect of changes in accounting:
Stranded tax effects	0	12
Changes to the hedge accounting model, net of deferred taxes	0	2
Total cumulative effect of changes in accounting	0	14
Current period increases (decreases) in fair value, net of deferred taxes	97	(126)
Reclassification to net (income), net of deferred taxes	(28)	(26)
Derivatives qualifying as effective accounting hedges, end of period	$ 1,850	$ 1,927

Reconciliation of Current Per_2

Reconciliation of Current Period Changes, Net of Applicable Income Taxes, for Derivatives Qualifying as Hedges (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Changes to the hedge accounting model, deferred taxes	$ 0	$ (1)
Current period increases (decreases) in fair value, deferred taxes	(25)	34
Reclassification to net (income), deferred taxes	$ 16	$ 14

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Derivative [Line Items]
Derivatives designated as cash flow hedges gain (loss), amount expected to be reclassified to future net income (loss), net of tax	$ 1,850	$ 1,927	$ 1,781	$ 2,065
Year by which all forecasted transactions associated with qualifying cash flow hedges are expected to occur	2057
Derivatives designated as cash flow hedges gain (loss), amount expected to be reclassified to net income in the next 12 months, net of tax	$ 109
Amount reclassified to net income in connection with forecasted transactions that were no longer considered probable of occurring	4	$ 3
Subject to enforceable master netting arrangement | Derivative liabilities
Derivative [Line Items]
Amount required for disbursement to counterparties if the downgrade provisions had been triggered	1
Derivative assets | Subject to enforceable master netting arrangement
Derivative [Line Items]
Amount to claim from counterparties if the downgrade provisions had been triggered	$ 92		$ 45

Schedule of Pre-Tax Gain (Loss)

Schedule of Pre-Tax Gain (Loss) Recognized in Net Income (Loss) for Effects of Derivatives not Designated as Hedges (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	$ (18)	$ (18)
Interest rate swaps | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	(1)	(1)
Interest rate swaps in a foreign currency | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	(23)	0
Interest rate caps and floors | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	6	0
Foreign currency swaps | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	10	(8)
Equity index options | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	17	(15)
Financial futures | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	(44)	(24)
Equity return swaps | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	0	(5)
Other foreign currency contracts | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	9	8
GMWB embedded derivatives | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	45	14
Fixed index annuity embedded derivatives | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	(38)	8
Indexed universal life embedded derivatives | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	$ 1	$ 5

Additional Information about De

Additional Information about Derivative Assets and Liabilities Subject to Enforceable Master Netting Arrangement (Detail) - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Gross amounts recognized, derivatives assets		$ 205	$ 198
Gross amounts recognized, derivatives liabilities		819	906
Subject to enforceable master netting arrangement
Derivative [Line Items]
Gross amounts recognized, net derivatives		107	16
Gross amounts offset in the balance sheet, net derivatives		0	0
Net amounts presented in the balance sheet, net derivatives		107	16
Gross amounts not offset in the balance sheet, financial instruments, net derivatives	[1]	0	0
Collateral received		(66)	(84)
Collateral pledged		428	536
Over collateralization, net derivatives		(378)	(423)
Net amount		91	45
Subject to enforceable master netting arrangement | Derivative assets
Derivative [Line Items]
Gross amounts recognized, derivatives assets		196	185
Gross amounts offset in the balance sheet, derivatives assets		0	0
Net amounts presented in the balance sheet, derivatives assets		196	185
Gross amounts not offset in the balance sheet, financial instruments, derivatives assets	[1],[2]	(40)	(66)
Collateral received		(66)	(84)
Collateral pledged		0	0
Over collateralization, derivatives assets		2	10
Net amount, derivatives assets		92	45
Subject to enforceable master netting arrangement | Derivative liabilities
Derivative [Line Items]
Gross amounts recognized, derivatives liabilities		89	169
Gross amounts offset in the balance sheet, derivatives liabilities		0	0
Net amounts presented in the balance sheet, derivatives liabilities		89	169
Gross amounts not offset in the balance sheet, financial instruments, derivative liabilities	[1],[3]	(40)	(66)
Collateral received		0	0
Collateral pledged		(428)	(536)
Over collateralization, derivatives liabilities		380	433
Net amount, derivatives liabilities		$ 1	$ 0
[1]	Amounts represent derivative assets and/or liabilities that are presented gross within the balance sheet but are held with the same counterparty where we have a master netting arrangement. This adjustment results in presenting the net asset and net liability position for each counterparty.
[2]	Included $9 million and $6 million of accruals on derivatives classified as other assets and does not include amounts related to embedded derivatives as of March 31, 2019 and December 31, 2018, respectively.
[3]	Included $1 million of accruals on derivatives included in other liabilities as of March 31, 2019 and does not include amounts related to embedded derivatives and derivatives related to securitization entities as of March 31, 2019 and December 31, 2018.

Additional Information about _2

Additional Information about Derivative Assets and Liabilities Subject to Enforceable Master Netting Arrangement (Parenthetical) (Detail) - Subject to enforceable master netting arrangement - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivative liabilities
Derivative [Line Items]
Net amounts presented in the balance sheet, derivatives liabilities	$ 89	$ 169
Derivative assets
Derivative [Line Items]
Net amounts presented in the balance sheet, accruals on derivative assets	196	185
Other assets | Derivative assets
Derivative [Line Items]
Net amounts presented in the balance sheet, accruals on derivative assets	9	$ 6
Other liabilities | Derivative liabilities
Derivative [Line Items]
Net amounts presented in the balance sheet, derivatives liabilities	$ 1

Gains and Losses Included in Ne

Gains and Losses Included in Net Income (Loss) from Assets Measured at Fair Value (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Fair value of financial instruments [Abstract]
Total realized and unrealized gains (losses) included in net income, assets	$ 18	$ (14)
Net gains (losses) included in net income attributable to assets still held, assets	11	(11)
Net Investment Income
Fair value of financial instruments [Abstract]
Total realized and unrealized gains (losses) included in net income, assets	4	3
Net gains (losses) included in net income attributable to assets still held, assets	2	3
Net Investment (Gains) Losses
Fair value of financial instruments [Abstract]
Total realized and unrealized gains (losses) included in net income, assets	14	(17)
Net gains (losses) included in net income attributable to assets still held, assets	$ 9	$ (14)

Gains and Losses Included in _2

Gains and Losses Included in Net (Income) from Liabilities Measured at Fair Value (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total realized and unrealized (gains) losses included in net (income) loss, liabilities	$ (11)	$ (29)
Total (gains) losses included in net (income) loss attributable to liabilities still held, liabilities	(7)	(25)
Net Investment Income
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total realized and unrealized (gains) losses included in net (income) loss, liabilities	0	0
Total (gains) losses included in net (income) loss attributable to liabilities still held, liabilities	0	0
Net Investment (Gains) Losses
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total realized and unrealized (gains) losses included in net (income) loss, liabilities	(11)	(29)
Total (gains) losses included in net (income) loss attributable to liabilities still held, liabilities	$ (7)	$ (25)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 61,360	$ 59,661
GMWB non-performance risk impact	60	64
Fixed maturity securities | Non-U.S. government
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	2,518	2,393
Fixed maturity securities | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	29,942	28,762
Fixed maturity securities | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	12,285	11,837
Level 2
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	57,236	55,785
Level 2 | Fixed maturity securities | Non-U.S. government
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	2,518	2,393
Level 2 | Fixed maturity securities | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	27,780	26,764
Level 2 | Fixed maturity securities | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 10,710	10,305
Level 2 | Fixed maturity securities | Third-Party Pricing Services
Fair Value of Financial Instruments [Line Items]
Percentage of available for sale debt securities	91.00%
Level 2 | Fixed maturity securities | Third-Party Pricing Services | Non-U.S. government
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 2,502
Level 2 | Fixed maturity securities | Third-Party Pricing Services | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	26,748
Level 2 | Fixed maturity securities | Third-Party Pricing Services | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	10,123
Level 2 | Fixed maturity securities | Internal models | Non-U.S. government
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	16
Level 2 | Fixed maturity securities | Internal models | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	1,031
Level 2 | Fixed maturity securities | Internal models | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	588
Level 3
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	4,124	3,876
Level 3 | Fixed maturity securities | Non-U.S. government
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	0	0
Level 3 | Fixed maturity securities | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	2,162	1,998
Level 3 | Fixed maturity securities | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	1,575	$ 1,532
Level 3 | Fixed maturity securities | Internal models
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	3,660
Level 3 | Fixed maturity securities | Broker Quotes
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 464

Fair Value Financial Instrument

Fair Value Financial Instruments Not Required to Be Carried at Fair Value (Detail) - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans		$ 6,988	$ 6,749
Restricted commercial mortgage loans		59	62
Bank loan investments		1,208	1,188
Liabilities:
Long-term borrowings		4,035	4,025
Non-recourse funding obligations		311	311
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans		0	0
Restricted commercial mortgage loans		0	0
Bank loan investments		0	0
Liabilities:
Long-term borrowings		0	0
Non-recourse funding obligations		0	0
Investment contracts		0	0
Commitments to fund limited partnerships		0	0
Commitments to fund bank loan investments		0	0
Ordinary course of business lending commitments		0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans		0	0
Restricted commercial mortgage loans		0	0
Bank loan investments		0	0
Liabilities:
Long-term borrowings		3,420	3,434
Non-recourse funding obligations		0	0
Investment contracts		0	0
Commitments to fund limited partnerships		0	0
Commitments to fund bank loan investments		0	0
Ordinary course of business lending commitments		0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans		7,038	6,737
Restricted commercial mortgage loans		63	66
Bank loan investments		293	248
Liabilities:
Long-term borrowings		144	143
Non-recourse funding obligations		215	215
Investment contracts		13,241	13,052
Commitments to fund limited partnerships		0	0
Commitments to fund bank loan investments		0	0
Ordinary course of business lending commitments		0	0
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans		6,929	6,687
Restricted commercial mortgage loans		59	62
Bank loan investments		294	248
Liabilities:
Long-term borrowings		4,035	4,025
Non-recourse funding obligations		311	311
Investment contracts		12,663	13,105
Commitments to fund limited partnerships		0	0
Commitments to fund bank loan investments		0	0
Ordinary course of business lending commitments		0	0
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans		7,038	6,737
Restricted commercial mortgage loans		63	66
Bank loan investments		293	248
Liabilities:
Long-term borrowings		3,564	3,577
Non-recourse funding obligations		215	215
Investment contracts		13,241	13,052
Commitments to fund limited partnerships		0	0
Commitments to fund bank loan investments		0	0
Ordinary course of business lending commitments		0	0
Notional amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans	[1]	0
Restricted commercial mortgage loans	[1]	0
Bank loan investments	[1]	0
Liabilities:
Long-term borrowings	[1]	0
Non-recourse funding obligations	[1]	0
Investment contracts	[1]	0
Commitments to fund limited partnerships		747	539
Commitments to fund bank loan investments		40	33
Ordinary course of business lending commitments		$ 152	$ 73
[1]	These financial instruments do not have notional amounts.

Summary of Significant Inputs U

Summary of Significant Inputs Used by Third-Party Pricing Services for Certain Fair Value Measurements of Fixed Maturity Securities that Classified as Level 2 (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 61,360	$ 59,661
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	4,731	4,631
Fixed maturity securities | State and Political Subdivisions
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,546	2,552
Fixed maturity securities | Non-U.S. government
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,518	2,393
Fixed maturity securities | U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	29,942	28,762
Fixed maturity securities | Non-U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	12,285	11,837
Fixed maturity securities | Residential mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,950	3,044
Fixed maturity securities | Commercial mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,962	3,016
Fixed maturity securities | Other asset-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	3,426	3,426
Level 2
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	57,236	55,785
Level 2 | Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	4,731	4,631
Level 2 | Fixed maturity securities | State and Political Subdivisions
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,494	2,501
Level 2 | Fixed maturity securities | Non-U.S. government
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,518	2,393
Level 2 | Fixed maturity securities | U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	27,780	26,764
Level 2 | Fixed maturity securities | Non-U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	10,710	10,305
Level 2 | Fixed maturity securities | Residential mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,915	3,009
Level 2 | Fixed maturity securities | Commercial mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,864	2,921
Level 2 | Fixed maturity securities | Other asset-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	3,224	$ 3,261
Level 2 | Third-Party Pricing Services | Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 4,731
Primary methodologies	Price quotes from trading desk, broker feeds
Significant inputs	Bid side prices, trade prices, Option Adjusted Spread (“OAS”) to swap curve, Bond Market Association OAS, Treasury Curve, Agency Bullet Curve, maturity to issuer spread
Level 2 | Third-Party Pricing Services | Fixed maturity securities | State and Political Subdivisions
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 2,494
Primary methodologies	Multi-dimensional attribute-based modeling systems, third-party pricing vendors
Significant inputs	Trade prices, material event notices, Municipal Market Data benchmark yields, broker quotes
Level 2 | Third-Party Pricing Services | Fixed maturity securities | Non-U.S. government
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 2,502
Primary methodologies	Matrix pricing, spread priced to benchmark curves, price quotes from market makers
Significant inputs	Benchmark yields, trade prices, broker quotes, comparative transactions, issuer spreads, bid-offer spread, market research publications, third-party pricing sources
Level 2 | Third-Party Pricing Services | Fixed maturity securities | U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 26,748
Primary methodologies	Multi-dimensional attribute-based modeling systems, broker quotes, price quotes from market makers, internal models, OAS-based models
Significant inputs	Bid side prices to Treasury Curve, Issuer Curve, which includes sector, quality, duration, OAS percentage and change for spread matrix, trade prices, comparative transactions, Trade Reporting and Compliance Engine (“TRACE”) reports
Level 2 | Third-Party Pricing Services | Fixed maturity securities | Non-U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 10,123
Primary methodologies	Multi-dimensional attribute-based modeling systems, OAS-based models, price quotes from market makers
Significant inputs	Benchmark yields, trade prices, broker quotes, comparative transactions, issuer spreads, bid-offer spread, market research publications, third-party pricing sources
Level 2 | Third-Party Pricing Services | Fixed maturity securities | Residential mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 2,915
Primary methodologies	OAS-based models, To Be Announced pricing models, single factor binomial models, internally priced
Significant inputs	Prepayment and default assumptions, aggregation of bonds with similar characteristics, including collateral type, vintage, tranche type, weighted-average life, weighted-average loan age, issuer program and delinquency ratio, pay up and pay down factors, TRACE reports
Level 2 | Third-Party Pricing Services | Fixed maturity securities | Commercial mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 2,864
Primary methodologies	Multi-dimensional attribute-based modeling systems, pricing matrix, spread matrix priced to swap curves, Trepp commercial mortgage-backed securities analytics model
Significant inputs	Credit risk, interest rate risk, prepayment speeds, new issue data, collateral performance, origination year, tranche type, original credit ratings, weighted-average life, cash flows, spreads derived from broker quotes, bid side prices, spreads to daily updated swaps curves, TRACE reports
Level 2 | Third-Party Pricing Services | Fixed maturity securities | Other asset-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 3,224
Primary methodologies	Multi-dimensional attribute-based modeling systems, spread matrix priced to swap curves, price quotes from market makers, internal models
Significant inputs	Spreads to daily updated swaps curves, spreads derived from trade prices and broker quotes, bid side prices, new issue data, collateral performance, analysis of prepayment speeds, cash flows, collateral loss analytics, historical issue analysis, trade data from market makers, TRACE reports

Assets by Class of Instrument t

Assets by Class of Instrument that are Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions		Mar. 31, 2019		Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		$ 61,360		$ 59,661
Available-for-sale equity securities		635		655
Derivative assets, fair value		205		198
Total other invested assets		1,208		1,188
Separate account assets		6,210		5,859
Total assets		69,014		67,023
Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Available-for-sale equity securities		0	[1]	0	[2]
Separate account assets		0	[1]	0	[2]
Total assets		359	[1]	318	[2]
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		187		178
Securities lending collateral		106		102
Short-term investments		139		230
Limited partnerships		359		318
Other invested assets | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	[1]	0	[2]
Securities lending collateral		0	[1]	0	[2]
Short-term investments		0	[1]	0	[2]
Limited partnerships		359	[1]	318	[2]
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other invested assets		293		248
Fair value | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other invested assets		791		828
Fair value | Other invested assets | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other invested assets		359	[1]	318	[2]
Interest rate swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		59		42
Interest rate swaps | Other invested assets | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	[1]	0	[2]
Interest rate swaps in a foreign currency | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		46		74
Interest rate swaps in a foreign currency | Other invested assets | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	[1]	0	[2]
Foreign currency swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		3		6
Foreign currency swaps | Other invested assets | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	[1]	0	[2]
Equity index options | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		60		39
Equity index options | Other invested assets | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	[1]	0	[2]
Other foreign currency contracts | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		6		10
Other foreign currency contracts | Other invested assets | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	[1]	0	[2]
GMWB embedded derivatives | Reinsurance recoverable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		18	[3]	20	[2]
GMWB embedded derivatives | Reinsurance recoverable | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	[1],[3]	0	[2]
Interest rate caps and floors | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		13		7
Interest rate caps and floors | Other invested assets | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	[1]	0	[2]
State and Political Subdivisions | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	[1]	0
Non-U.S. government | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	[1]	0
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		4,731		4,631
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | State and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,546		2,552
Fixed maturity securities | State and Political Subdivisions | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	[2]			0
Fixed maturity securities | Non-U.S. government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,518		2,393
Fixed maturity securities | Non-U.S. government | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	[2]			0
Fixed maturity securities | U.S. corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		29,942		28,762
Fixed maturity securities | U.S. corporate | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | U.S. corporate | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		4,685		4,675
Fixed maturity securities | U.S. corporate | Utilities | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | U.S. corporate | Energy
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,618		2,419
Fixed maturity securities | U.S. corporate | Energy | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | U.S. corporate | Finance and insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		7,251		6,822
Fixed maturity securities | U.S. corporate | Finance and insurance | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		5,257		5,048
Fixed maturity securities | U.S. corporate | Consumer-non-cyclical | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | U.S. corporate | Technology and communications
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,974		2,855
Fixed maturity securities | U.S. corporate | Technology and communications | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | U.S. corporate | Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,249		1,238
Fixed maturity securities | U.S. corporate | Industrial | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | U.S. corporate | Capital goods
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,489		2,391
Fixed maturity securities | U.S. corporate | Capital goods | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | U.S. corporate | Consumer-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,646		1,597
Fixed maturity securities | U.S. corporate | Consumer-cyclical | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | U.S. corporate | Transportation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,362		1,320
Fixed maturity securities | U.S. corporate | Transportation | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | U.S. corporate | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		411		397
Fixed maturity securities | U.S. corporate | Other | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Non-U.S. corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		12,285		11,837
Fixed maturity securities | Non-U.S. corporate | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Non-U.S. corporate | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,127		1,041
Fixed maturity securities | Non-U.S. corporate | Utilities | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Non-U.S. corporate | Energy
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,447		1,369
Fixed maturity securities | Non-U.S. corporate | Energy | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,554		2,423
Fixed maturity securities | Non-U.S. corporate | Finance and insurance | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		709		739
Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Non-U.S. corporate | Technology and communications
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,197		1,165
Fixed maturity securities | Non-U.S. corporate | Technology and communications | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Non-U.S. corporate | Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		973		945
Fixed maturity securities | Non-U.S. corporate | Industrial | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Non-U.S. corporate | Capital goods
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		662		615
Fixed maturity securities | Non-U.S. corporate | Capital goods | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		541		520
Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Non-U.S. corporate | Transportation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		815		720
Fixed maturity securities | Non-U.S. corporate | Transportation | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Non-U.S. corporate | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,260		2,300
Fixed maturity securities | Non-U.S. corporate | Other | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Residential mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,950		3,044
Fixed maturity securities | Residential mortgage-backed | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Commercial mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,962		3,016
Fixed maturity securities | Commercial mortgage-backed | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Fixed maturity securities | Other asset-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		3,426		3,426
Fixed maturity securities | Other asset-backed | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0	[1]	0	[2]
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Available-for-sale equity securities		513		533
Total other invested assets		0		0
Separate account assets		6,210		5,859
Total assets		6,723		6,392
Level 1 | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Securities lending collateral		0		0
Short-term investments		0		0
Limited partnerships		0		0
Level 1 | Fair value | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other invested assets		0		0
Level 1 | Interest rate swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Level 1 | Interest rate swaps in a foreign currency | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Level 1 | Foreign currency swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Level 1 | Equity index options | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Level 1 | Other foreign currency contracts | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Level 1 | GMWB embedded derivatives | Reinsurance recoverable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	[3]	0	[2]
Level 1 | Interest rate caps and floors | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Level 1 | State and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 1 | Non-U.S. government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 1 | Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | State and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities				0
Level 1 | Fixed maturity securities | Non-U.S. government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities				0
Level 1 | Fixed maturity securities | U.S. corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | U.S. corporate | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | U.S. corporate | Energy
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | U.S. corporate | Finance and insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | U.S. corporate | Technology and communications
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | U.S. corporate | Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | U.S. corporate | Capital goods
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | U.S. corporate | Consumer-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | U.S. corporate | Transportation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | U.S. corporate | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Non-U.S. corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Non-U.S. corporate | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Non-U.S. corporate | Energy
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Non-U.S. corporate | Technology and communications
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Non-U.S. corporate | Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Non-U.S. corporate | Capital goods
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Non-U.S. corporate | Transportation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Non-U.S. corporate | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Residential mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Commercial mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 1 | Fixed maturity securities | Other asset-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		57,236		55,785
Available-for-sale equity securities		67		64
Total other invested assets		0		0
Separate account assets		0		0
Total assets		57,675		56,320
Level 2 | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		127		139
Securities lending collateral		106		102
Short-term investments		139		230
Limited partnerships		0		0
Level 2 | Fair value | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other invested assets		372		471
Level 2 | Interest rate swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		59		42
Level 2 | Interest rate swaps in a foreign currency | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		46		74
Level 2 | Foreign currency swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		3		6
Level 2 | Equity index options | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Level 2 | Other foreign currency contracts | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		6		10
Level 2 | GMWB embedded derivatives | Reinsurance recoverable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	[3]	0	[2]
Level 2 | Interest rate caps and floors | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		13		7
Level 2 | Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		4,731		4,631
Level 2 | Fixed maturity securities | State and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,494		2,501
Level 2 | Fixed maturity securities | Non-U.S. government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,518		2,393
Level 2 | Fixed maturity securities | U.S. corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		27,780		26,764
Level 2 | Fixed maturity securities | U.S. corporate | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		3,937		4,032
Level 2 | Fixed maturity securities | U.S. corporate | Energy
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,503		2,298
Level 2 | Fixed maturity securities | U.S. corporate | Finance and insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		6,661		6,288
Level 2 | Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		5,183		4,975
Level 2 | Fixed maturity securities | U.S. corporate | Technology and communications
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,922		2,805
Level 2 | Fixed maturity securities | U.S. corporate | Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,209		1,199
Level 2 | Fixed maturity securities | U.S. corporate | Capital goods
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,394		2,299
Level 2 | Fixed maturity securities | U.S. corporate | Consumer-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,451		1,386
Level 2 | Fixed maturity securities | U.S. corporate | Transportation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,308		1,263
Level 2 | Fixed maturity securities | U.S. corporate | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		212		219
Level 2 | Fixed maturity securities | Non-U.S. corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		10,710		10,305
Level 2 | Fixed maturity securities | Non-U.S. corporate | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		692		637
Level 2 | Fixed maturity securities | Non-U.S. corporate | Energy
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,226		1,152
Level 2 | Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,372		2,252
Level 2 | Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		642		633
Level 2 | Fixed maturity securities | Non-U.S. corporate | Technology and communications
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,170		1,139
Level 2 | Fixed maturity securities | Non-U.S. corporate | Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		910		884
Level 2 | Fixed maturity securities | Non-U.S. corporate | Capital goods
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		489		442
Level 2 | Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		416		398
Level 2 | Fixed maturity securities | Non-U.S. corporate | Transportation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		623		549
Level 2 | Fixed maturity securities | Non-U.S. corporate | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,170		2,219
Level 2 | Fixed maturity securities | Residential mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,915		3,009
Level 2 | Fixed maturity securities | Commercial mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,864		2,921
Level 2 | Fixed maturity securities | Other asset-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		3,224		3,261
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		4,124		3,876
Available-for-sale equity securities		55		58
Total other invested assets		293		248
Separate account assets		0		0
Total assets		4,257		3,993
Level 3 | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		60		39
Securities lending collateral		0		0
Short-term investments		0		0
Limited partnerships		0		0
Level 3 | Fair value | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other invested assets		60		39
Level 3 | Interest rate swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Level 3 | Interest rate swaps in a foreign currency | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Level 3 | Foreign currency swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Level 3 | Equity index options | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		60		39
Level 3 | Other foreign currency contracts | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Level 3 | GMWB embedded derivatives | Reinsurance recoverable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		18	[3]	20	[2]
Level 3 | Interest rate caps and floors | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0		0
Level 3 | Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 3 | Fixed maturity securities | State and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		52		51
Level 3 | Fixed maturity securities | Non-U.S. government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0		0
Level 3 | Fixed maturity securities | U.S. corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,162		1,998
Level 3 | Fixed maturity securities | U.S. corporate | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		748		643
Level 3 | Fixed maturity securities | U.S. corporate | Energy
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		115		121
Level 3 | Fixed maturity securities | U.S. corporate | Finance and insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		590		534
Level 3 | Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		74		73
Level 3 | Fixed maturity securities | U.S. corporate | Technology and communications
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		52		50
Level 3 | Fixed maturity securities | U.S. corporate | Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		40		39
Level 3 | Fixed maturity securities | U.S. corporate | Capital goods
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		95		92
Level 3 | Fixed maturity securities | U.S. corporate | Consumer-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		195		211
Level 3 | Fixed maturity securities | U.S. corporate | Transportation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		54		57
Level 3 | Fixed maturity securities | U.S. corporate | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		199		178
Level 3 | Fixed maturity securities | Non-U.S. corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,575		1,532
Level 3 | Fixed maturity securities | Non-U.S. corporate | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		435		404
Level 3 | Fixed maturity securities | Non-U.S. corporate | Energy
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		221		217
Level 3 | Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		182		171
Level 3 | Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		67		106
Level 3 | Fixed maturity securities | Non-U.S. corporate | Technology and communications
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		27		26
Level 3 | Fixed maturity securities | Non-U.S. corporate | Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		63		61
Level 3 | Fixed maturity securities | Non-U.S. corporate | Capital goods
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		173		173
Level 3 | Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		125		122
Level 3 | Fixed maturity securities | Non-U.S. corporate | Transportation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		192		171
Level 3 | Fixed maturity securities | Non-U.S. corporate | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		90		81
Level 3 | Fixed maturity securities | Residential mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		35		35
Level 3 | Fixed maturity securities | Commercial mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		98		95
Level 3 | Fixed maturity securities | Other asset-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		$ 202		$ 165
[1]	Limited partnerships that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy.
[2]	Limited partnerships that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy.
[3]	Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities.

Assets Measured at Fair Value o

Assets Measured at Fair Value on Recurring Basis and Utilized Significant Unobservable (Level 3) Inputs to Determine Fair Value (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		$ 3,993	$ 4,088
Total realized and unrealized gains (losses), Included in net income		18	(14)
Total realized and unrealized gains (losses), Included in OCI		133	(125)
Purchases		193	231
Sales		(17)	(3)
Issuances		1	1
Settlements		(131)	(202)
Transfer into Level 3	[1]	103	0
Transfer out of Level 3	[1]	(36)	0
Ending balance		4,257	3,810
Total gains (losses) included in net income attributable to assets still held		11	(11)
Other invested assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		39	80
Total realized and unrealized gains (losses), Included in net income		17	(15)
Total realized and unrealized gains (losses), Included in OCI		0	0
Purchases		12	14
Sales		0	0
Issuances		0	0
Settlements		(8)	(19)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		60	60
Total gains (losses) included in net income attributable to assets still held		12	(12)
Other invested assets | Derivative assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		39	80
Total realized and unrealized gains (losses), Included in net income		17	(15)
Total realized and unrealized gains (losses), Included in OCI		0	0
Purchases		12	14
Sales		0	0
Issuances		0	0
Settlements		(8)	(19)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		60	60
Total gains (losses) included in net income attributable to assets still held		12	(12)
Other invested assets | Derivative assets | Equity index options
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		39	80
Total realized and unrealized gains (losses), Included in net income		17	(15)
Total realized and unrealized gains (losses), Included in OCI		0	0
Purchases		12	14
Sales		0	0
Issuances		0	0
Settlements		(8)	(19)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		60	60
Total gains (losses) included in net income attributable to assets still held		12	(12)
Reinsurance recoverable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	[2]	20	14
Total realized and unrealized gains (losses), Included in net income	[2]	(3)	(2)
Total realized and unrealized gains (losses), Included in OCI	[2]	0	0
Purchases	[2]	0	0
Sales	[2]	0	0
Issuances	[2]	1	1
Settlements	[2]	0	0
Transfer into Level 3	[1],[2]	0	0
Transfer out of Level 3	[1],[2]	0	0
Ending balance	[2]	18	13
Total gains (losses) included in net income attributable to assets still held	[2]	(3)	(2)
Fixed maturity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		3,876	3,950
Total realized and unrealized gains (losses), Included in net income		4	3
Total realized and unrealized gains (losses), Included in OCI		133	(125)
Purchases		181	213
Sales		(14)	0
Issuances		0	0
Settlements		(123)	(183)
Transfer into Level 3	[1]	103	21
Transfer out of Level 3	[1]	(36)	(187)
Ending balance		4,124	3,692
Total gains (losses) included in net income attributable to assets still held		2	3
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		0	1
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		0	0
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	(1)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		0	0
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | State and Political Subdivisions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		51	37
Total realized and unrealized gains (losses), Included in net income		1	1
Total realized and unrealized gains (losses), Included in OCI		0	(3)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	18
Transfer out of Level 3	[1]	0	0
Ending balance		52	53
Total gains (losses) included in net income attributable to assets still held		1	1
Fixed maturity securities | U.S. corporate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		1,998	2,152
Total realized and unrealized gains (losses), Included in net income		0	1
Total realized and unrealized gains (losses), Included in OCI		68	(76)
Purchases		70	61
Sales		(14)	0
Issuances		0	0
Settlements		(47)	(123)
Transfer into Level 3	[1]	96	0
Transfer out of Level 3	[1]	(9)	(15)
Ending balance		2,162	2,000
Total gains (losses) included in net income attributable to assets still held		0	1
Fixed maturity securities | U.S. corporate | Utilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		643	574
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		22	(18)
Purchases		14	3
Sales		(1)	0
Issuances		0	0
Settlements		(2)	(2)
Transfer into Level 3	[1]	72	0
Transfer out of Level 3	[1]	0	(4)
Ending balance		748	553
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | U.S. corporate | Energy
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		121	147
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		4	(5)
Purchases		0	22
Sales		0	0
Issuances		0	0
Settlements		(10)	(18)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		115	146
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | U.S. corporate | Finance and insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		534	626
Total realized and unrealized gains (losses), Included in net income		0	1
Total realized and unrealized gains (losses), Included in OCI		23	(26)
Purchases		30	26
Sales		0	0
Issuances		0	0
Settlements		(4)	(36)
Transfer into Level 3	[1]	7	0
Transfer out of Level 3	[1]	0	(11)
Ending balance		590	580
Total gains (losses) included in net income attributable to assets still held		0	1
Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		73	81
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		2	(2)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		(10)	0
Transfer into Level 3	[1]	9	0
Transfer out of Level 3	[1]	0	0
Ending balance		74	79
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | U.S. corporate | Technology and communications
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		50	73
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		2	(6)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	(42)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		52	25
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | U.S. corporate | Industrial
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		39	39
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		1	0
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		40	39
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | U.S. corporate | Capital goods
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		92	121
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		3	(8)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	(10)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		95	103
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | U.S. corporate | Consumer-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		211	262
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		7	(9)
Purchases		0	10
Sales		(13)	0
Issuances		0	0
Settlements		(1)	(11)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	(9)	0
Ending balance		195	252
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | U.S. corporate | Transportation
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		57	60
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		1	(1)
Purchases		4	0
Sales		0	0
Issuances		0	0
Settlements		(8)	(2)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		54	57
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | U.S. corporate | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		178	169
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		3	(1)
Purchases		22	0
Sales		0	0
Issuances		0	0
Settlements		(12)	(2)
Transfer into Level 3	[1]	8	0
Transfer out of Level 3	[1]	0	0
Ending balance		199	166
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | Non-U.S. corporate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		1,532	1,416
Total realized and unrealized gains (losses), Included in net income		3	1
Total realized and unrealized gains (losses), Included in OCI		62	(41)
Purchases		56	78
Sales		0	0
Issuances		0	0
Settlements		(63)	(27)
Transfer into Level 3	[1]	6	0
Transfer out of Level 3	[1]	(21)	0
Ending balance		1,575	1,427
Total gains (losses) included in net income attributable to assets still held		1	1
Fixed maturity securities | Non-U.S. corporate | Utilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		404	343
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		16	(9)
Purchases		30	22
Sales		0	0
Issuances		0	0
Settlements		0	(20)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	(15)	0
Ending balance		435	336
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | Non-U.S. corporate | Energy
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		217	176
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		7	(4)
Purchases		1	23
Sales		0	0
Issuances		0	0
Settlements		(4)	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		221	195
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		171	161
Total realized and unrealized gains (losses), Included in net income		1	1
Total realized and unrealized gains (losses), Included in OCI		11	(8)
Purchases		5	0
Sales		0	0
Issuances		0	0
Settlements		0	(1)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	(6)	0
Ending balance		182	153
Total gains (losses) included in net income attributable to assets still held		1	1
Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		106	124
Total realized and unrealized gains (losses), Included in net income		2	0
Total realized and unrealized gains (losses), Included in OCI		3	(3)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		(44)	(1)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		67	120
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | Non-U.S. corporate | Technology and communications
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		26	29
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		1	(1)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		27	28
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | Non-U.S. corporate | Industrial
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		61	116
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		2	(3)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	(5)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		63	108
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | Non-U.S. corporate | Capital goods
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		173	191
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		6	(5)
Purchases		5	0
Sales		0	0
Issuances		0	0
Settlements		(11)	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		173	186
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		122	54
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		6	(2)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		(3)	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		125	52
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | Non-U.S. corporate | Transportation
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		171	170
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		6	(4)
Purchases		15	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		192	166
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | Non-U.S. corporate | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		81	52
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		4	(2)
Purchases		0	33
Sales		0	0
Issuances		0	0
Settlements		(1)	0
Transfer into Level 3	[1]	6	0
Transfer out of Level 3	[1]	0	0
Ending balance		90	83
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | Residential mortgage-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		35	77
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		0	(1)
Purchases		0	12
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	(54)
Ending balance		35	34
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | Commercial mortgage-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		95	30
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		2	(2)
Purchases		1	7
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	(29)
Ending balance		98	6
Total gains (losses) included in net income attributable to assets still held		0	0
Fixed maturity securities | Other asset-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		165	237
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		1	(2)
Purchases		54	55
Sales		0	0
Issuances		0	0
Settlements		(13)	(32)
Transfer into Level 3	[1]	1	3
Transfer out of Level 3	[1]	(6)	(89)
Ending balance		202	172
Total gains (losses) included in net income attributable to assets still held		0	0
Equity Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		58	44
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		0	0
Purchases		0	4
Sales		(3)	(3)
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		55	45
Total gains (losses) included in net income attributable to assets still held		$ 0	$ 0
[1]	The transfers into and out of Level 3 for fixed maturity securities were related to changes in the primary pricing source and changes in the observability of external information used in determining the fair value, such as external ratings or credit spreads, as well as changes in the industry sectors assigned to specific securities.
[2]	Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities.

Summary of Significant Unobserv

Summary of Significant Unobservable Inputs Used for Fair Value Measurements Classified As Level 3 (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value		$ 819	$ 906
Fixed maturity securities available-for-sale, at fair value		61,360	59,661
Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value		731	738
Policyholder account balances | GMWB embedded derivative
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value	[1]	295	337
Policyholder account balances | Fixed index annuity embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value		423	389
Policyholder account balances | Indexed universal life embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value		13	12
Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fixed maturity securities available-for-sale, at fair value		4,124	3,876
Level 3 | GMWB embedded derivative
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value	[1]	$ 295
Fair value input, equity index volatility, lower limit	[1]	14.00%
Fair value input, equity index volatility, upper limit	[1]	23.00%
Fair value input, equity index volatility, weighted-average	[1]	20.00%
Level 3 | Fixed index annuity embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value		$ 423
Fair value, expected future interest credited, upper limit		3.00%
Fair value, expected future interest credited, weighted-average		1.00%
Level 3 | Indexed universal life embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value		$ 13
Fair value, expected future interest credited, lower limit		3.00%
Fair value, expected future interest credited, upper limit		9.00%
Fair value, expected future interest credited, weighted-average		5.00%
Level 3 | Other invested assets | Equity index options
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Discounted cash flows
Fixed maturity securities available-for-sale, at fair value		$ 60
Fair value input, equity index volatility, lower limit		6.00%
Fair value input, equity index volatility, upper limit		28.00%
Fair value input, equity index volatility, weighted-average		16.00%
Level 3 | Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value		$ 731	738
Fair value, withdrawal utilization rate, lower limit		44.00%
Fair value, withdrawal utilization rate, upper limit		87.00%
Fair value, lapse rate, lower limit		2.00%
Fair value, lapse rate, upper limit		9.00%
Fair value input, credit spreads, lower limit		17.00%
Fair value input, credit spreads, upper limit		83.00%
Fair value, withdrawal utilization rate, weighted-average		69.00%
Fair value, lapse rate, weighted-average		3.00%
Fair value input, credit spreads, weighted-average		65.00%
Level 3 | Policyholder account balances | GMWB embedded derivative
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique	[1]	Stochastic cash flow model
Derivative liabilities, fair value	[1]	$ 295	337
Level 3 | Policyholder account balances | Fixed index annuity embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Option budget method
Derivative liabilities, fair value		$ 423	389
Level 3 | Policyholder account balances | Indexed universal life embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Option budget method
Derivative liabilities, fair value		$ 13	$ 12
Internal Models | Level 3 | U.S. corporate
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 2,011
Fair value input, credit spreads, lower limit		54.00%
Fair value input, credit spreads, upper limit		317.00%
Fair value input, credit spreads, weighted-average		148.00%
Internal Models | Level 3 | U.S. corporate | Utilities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 674
Fair value input, credit spreads, lower limit		60.00%
Fair value input, credit spreads, upper limit		302.00%
Fair value input, credit spreads, weighted-average		146.00%
Internal Models | Level 3 | U.S. corporate | Energy
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 92
Fair value input, credit spreads, lower limit		72.00%
Fair value input, credit spreads, upper limit		317.00%
Fair value input, credit spreads, weighted-average		169.00%
Internal Models | Level 3 | U.S. corporate | Finance and insurance
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 578
Fair value input, credit spreads, lower limit		64.00%
Fair value input, credit spreads, upper limit		268.00%
Fair value input, credit spreads, weighted-average		167.00%
Internal Models | Level 3 | U.S. corporate | Consumer-non-cyclical
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 74
Fair value input, credit spreads, lower limit		85.00%
Fair value input, credit spreads, upper limit		177.00%
Fair value input, credit spreads, weighted-average		123.00%
Internal Models | Level 3 | U.S. corporate | Technology and communications
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 52
Fair value input, credit spreads, lower limit		90.00%
Fair value input, credit spreads, upper limit		317.00%
Fair value input, credit spreads, weighted-average		205.00%
Internal Models | Level 3 | U.S. corporate | Industrial
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 40
Fair value input, credit spreads, lower limit		108.00%
Fair value input, credit spreads, upper limit		225.00%
Fair value input, credit spreads, weighted-average		153.00%
Internal Models | Level 3 | U.S. corporate | Capital goods
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 96
Fair value input, credit spreads, lower limit		100.00%
Fair value input, credit spreads, upper limit		283.00%
Fair value input, credit spreads, weighted-average		162.00%
Internal Models | Level 3 | U.S. corporate | Consumer-cyclical
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 181
Fair value input, credit spreads, lower limit		61.00%
Fair value input, credit spreads, upper limit		235.00%
Fair value input, credit spreads, weighted-average		142.00%
Internal Models | Level 3 | U.S. corporate | Transportation
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 54
Fair value input, credit spreads, lower limit		54.00%
Fair value input, credit spreads, upper limit		235.00%
Fair value input, credit spreads, weighted-average		107.00%
Internal Models | Level 3 | U.S. corporate | Other
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 170
Fair value input, credit spreads, lower limit		64.00%
Fair value input, credit spreads, upper limit		146.00%
Fair value input, credit spreads, weighted-average		85.00%
Internal Models | Level 3 | Non-U.S. corporate
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 1,545
Fair value input, credit spreads, lower limit		61.00%
Fair value input, credit spreads, upper limit		283.00%
Fair value input, credit spreads, weighted-average		149.00%
Internal Models | Level 3 | Non-U.S. corporate | Utilities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 435
Fair value input, credit spreads, lower limit		78.00%
Fair value input, credit spreads, upper limit		228.00%
Fair value input, credit spreads, weighted-average		142.00%
Internal Models | Level 3 | Non-U.S. corporate | Energy
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 202
Fair value input, credit spreads, lower limit		100.00%
Fair value input, credit spreads, upper limit		283.00%
Fair value input, credit spreads, weighted-average		163.00%
Internal Models | Level 3 | Non-U.S. corporate | Finance and insurance
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 182
Fair value input, credit spreads, lower limit		61.00%
Fair value input, credit spreads, upper limit		222.00%
Fair value input, credit spreads, weighted-average		131.00%
Internal Models | Level 3 | Non-U.S. corporate | Consumer-non-cyclical
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 66
Fair value input, credit spreads, lower limit		61.00%
Fair value input, credit spreads, upper limit		172.00%
Fair value input, credit spreads, weighted-average		143.00%
Internal Models | Level 3 | Non-U.S. corporate | Technology and communications
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 27
Fair value input, credit spreads, lower limit		127.00%
Fair value input, credit spreads, upper limit		184.00%
Fair value input, credit spreads, weighted-average		167.00%
Internal Models | Level 3 | Non-U.S. corporate | Industrial
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 63
Fair value input, credit spreads, lower limit		99.00%
Fair value input, credit spreads, upper limit		151.00%
Fair value input, credit spreads, weighted-average		112.00%
Internal Models | Level 3 | Non-U.S. corporate | Capital goods
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 173
Fair value input, credit spreads, lower limit		85.00%
Fair value input, credit spreads, upper limit		283.00%
Fair value input, credit spreads, weighted-average		165.00%
Internal Models | Level 3 | Non-U.S. corporate | Consumer-cyclical
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 121
Fair value input, credit spreads, lower limit		72.00%
Fair value input, credit spreads, upper limit		283.00%
Fair value input, credit spreads, weighted-average		195.00%
Internal Models | Level 3 | Non-U.S. corporate | Transportation
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 192
Fair value input, credit spreads, lower limit		61.00%
Fair value input, credit spreads, upper limit		235.00%
Fair value input, credit spreads, weighted-average		131.00%
Internal Models | Level 3 | Non-U.S. corporate | Other
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value		$ 84
Fair value input, credit spreads, lower limit		111.00%
Fair value input, credit spreads, upper limit		223.00%
Fair value input, credit spreads, weighted-average		158.00%
[1]	Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.

Liabilities by Class of Instrum

Liabilities by Class of Instrument that are Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		$ 819	$ 906
Total liabilities		819	906
Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		88	168
Other liabilities | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		49	102
Other liabilities | Foreign currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		13	23
Other liabilities | Other foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		25	42
Other liabilities | Equity return swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		1	1
Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		731	738
Policyholder account balances | GMWB embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value	[1]	295	337
Policyholder account balances | Fixed index annuity embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		423	389
Policyholder account balances | Indexed universal life embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		13	12
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		0	0
Level 1 | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 1 | Other liabilities | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 1 | Other liabilities | Foreign currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 1 | Other liabilities | Other foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 1 | Other liabilities | Equity return swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0
Level 1 | Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 1 | Policyholder account balances | GMWB embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value	[1]	0	0
Level 1 | Policyholder account balances | Fixed index annuity embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 1 | Policyholder account balances | Indexed universal life embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		88	168
Level 2 | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		88	168
Level 2 | Other liabilities | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		49	102
Level 2 | Other liabilities | Foreign currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		13	23
Level 2 | Other liabilities | Other foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		25	42
Level 2 | Other liabilities | Equity return swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		1	1
Level 2 | Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 2 | Policyholder account balances | GMWB embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value	[1]	0	0
Level 2 | Policyholder account balances | Fixed index annuity embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 2 | Policyholder account balances | Indexed universal life embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		731	738
Level 3 | GMWB embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value	[1]	295
Level 3 | Fixed index annuity embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		423
Level 3 | Indexed universal life embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		13
Level 3 | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 3 | Other liabilities | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 3 | Other liabilities | Foreign currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 3 | Other liabilities | Other foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 3 | Other liabilities | Equity return swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0
Level 3 | Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		731	738
Level 3 | Policyholder account balances | GMWB embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value	[1]	295	337
Level 3 | Policyholder account balances | Fixed index annuity embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		423	389
Level 3 | Policyholder account balances | Indexed universal life embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		$ 13	$ 12
[1]	Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.

Liabilities Measured at Fair Va

Liabilities Measured at Fair Value on Recurring Basis and Utilized Significant Unobservable (Level 3) Inputs to Determine Fair Value (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		$ 738	$ 683
Total realized and unrealized (gains) losses included in net (income)		(11)	(29)
Total realized and unrealized (gains) losses included in OCI		0	0
Purchases		0	0
Sales		0	0
Issuances		8	12
Settlements		(4)	(3)
Transfer into Level 3		0	0
Transfer out of Level 3		0	0
Ending balance		731	663
Total (gains) losses included in net (income) attributable to liabilities still held		(7)	(25)
Policyholder account balances
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		738	683
Total realized and unrealized (gains) losses included in net (income)		(11)	(29)
Total realized and unrealized (gains) losses included in OCI		0	0
Purchases		0	0
Sales		0	0
Issuances		8	12
Settlements		(4)	(3)
Transfer into Level 3		0	0
Transfer out of Level 3		0	0
Ending balance		731	663
Total (gains) losses included in net (income) attributable to liabilities still held		(7)	(25)
Policyholder account balances | GMWB embedded derivatives
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	[1]	337	250
Total realized and unrealized (gains) losses included in net (income)	[1]	(48)	(16)
Total realized and unrealized (gains) losses included in OCI	[1]	0	0
Purchases	[1]	0	0
Sales	[1]	0	0
Issuances	[1]	6	8
Settlements	[1]	0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance	[1]	295	242
Total (gains) losses included in net (income) attributable to liabilities still held	[1]	(44)	(12)
Policyholder account balances | Fixed index annuity embedded derivatives
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		389	419
Total realized and unrealized (gains) losses included in net (income)		38	(8)
Total realized and unrealized (gains) losses included in OCI		0	0
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		(4)	(3)
Transfer into Level 3		0	0
Transfer out of Level 3		0	0
Ending balance		423	408
Total (gains) losses included in net (income) attributable to liabilities still held		38	(8)
Policyholder account balances | Indexed universal life embedded derivatives
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		12	14
Total realized and unrealized (gains) losses included in net (income)		(1)	(5)
Total realized and unrealized (gains) losses included in OCI		0	0
Purchases		0	0
Sales		0	0
Issuances		2	4
Settlements		0	0
Transfer into Level 3		0	0
Transfer out of Level 3		0	0
Ending balance		13	13
Total (gains) losses included in net (income) attributable to liabilities still held		$ (1)	$ (5)
[1]	Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.

Changes in Liability for Policy

Changes in Liability for Policy and Contract Claims (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Beginning balance	$ 10,379	$ 9,594
Less reinsurance recoverables	(2,379)	(2,419)
Net beginning balance	8,000	7,175
Current year	986	998
Prior years	(81)	(108)
Total incurred	905	890
Current year	(162)	(175)
Prior years	(678)	(692)
Total paid	(840)	(867)
Interest on liability for policy and contract claims	93	81
Foreign currency translation	3	(5)
Net ending balance	8,161	7,274
Add reinsurance recoverables	2,375	2,377
Ending balance	$ 10,536	$ 9,651

Liability for Policy and Cont_3

Liability for Policy and Contract Claims - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Liability for Claims and Claims Adjustment Expense [Line Items]
Incurred related to insured events of prior year	$ (81)	$ (108)
Long-term Care Insurance
Liability for Claims and Claims Adjustment Expense [Line Items]
Incurred related to insured events of prior year	$ 81	$ 108

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%

Reconciliation of Federal Statu

Reconciliation of Federal Statutory Tax Rate to Effective Income Tax Rate (Detail)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Examination [Line Items]
Statutory U.S. federal income tax rate	21.00%	21.00%
Effect of foreign operations	5.40%	5.00%
U.S. shareholder tax on foreign operations	4.80%	(2.10%)
Swaps terminated prior to the TCJA	2.60%	2.30%
Other, net	(1.10%)	1.40%
Effective rate	32.70%	27.60%

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019USD ($)Segment	Mar. 31, 2018USD ($)	Dec. 31, 2018
Segment Reporting Information [Line Items]
Number of operating segments | Segment	5
Corporate federal income tax rate	21.00%	21.00%
Assumed tax rate on adjustments to adjusted operating income	21.00%		21.00%
Expenses related to restructuring | $	$ 4	$ 0
Canada Mortgage Insurance | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Assumed tax rate on adjustments to adjusted operating income	27.00%
Australia Mortgage Insurance | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Assumed tax rate on adjustments to adjusted operating income	30.00%

Summary of Revenues for Segment

Summary of Revenues for Segments and Corporate and Other Activities (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Revenues	$ 2,204	$ 2,115
Segment, Continuing Operations | U.S. Mortgage Insurance
Segment Reporting Information [Line Items]
Revenues	223	200
Segment, Continuing Operations | Canada Mortgage Insurance
Segment Reporting Information [Line Items]
Revenues	159	158
Segment, Continuing Operations | Australia Mortgage Insurance
Segment Reporting Information [Line Items]
Revenues	110	107
Segment, Continuing Operations | Long-term Care Insurance
Segment Reporting Information [Line Items]
Revenues	1,114	1,020
Segment, Continuing Operations | Life Insurance
Segment Reporting Information [Line Items]
Revenues	372	379
Segment, Continuing Operations | Fixed Annuities
Segment Reporting Information [Line Items]
Revenues	159	182
Segment, Continuing Operations | U.S. Life Insurance
Segment Reporting Information [Line Items]
Revenues	1,645	1,581
Segment, Continuing Operations | Runoff
Segment Reporting Information [Line Items]
Revenues	82	68
Segment, Continuing Operations | Corporate and Other
Segment Reporting Information [Line Items]
Revenues	$ (15)	$ 1

Summary of Net Operating Income

Summary of Net Operating Income (Loss) for Segments and Corporate and Other Activities (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Net income		$ 230	$ 165
Less: net income attributable to noncontrolling interests		56	53
Net income (loss) available to Genworth Financial, Inc.'s common stockholders		174	112
Net investment (gains) losses, net	[1]	(71)	17
Expenses related to restructuring		4	0
Taxes on adjustments		14	(4)
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		121	125
Segment, Continuing Operations | U.S. Mortgage Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		124	111
Segment, Continuing Operations | Canada Mortgage Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		41	49
Segment, Continuing Operations | Australia Mortgage Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		14	19
Segment, Continuing Operations | Long-term Care Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		(20)	(32)
Segment, Continuing Operations | Life Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		(2)	(1)
Segment, Continuing Operations | Fixed Annuities
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		17	28
Segment, Continuing Operations | U.S. Life Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		(5)	(5)
Segment, Continuing Operations | Runoff
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		20	10
Segment, Continuing Operations | Corporate and Other
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		$ (73)	$ (59)
[1]	For the three months ended March 31, 2019 and March 31, 2018, net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves of $0 million and $(3) million, respectively, and adjusted for net investment gains (losses) attributable to noncontrolling interests of $0 million and $(11) million, respectively.

Summary of Net Operating Inco_2

Summary of Net Operating Income (Loss) for Segments and Corporate and Other Activities (Parenthetical) (Detail) - Net Investment (Gains) Losses - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Adjustment for DAC and other intangibles and certain benefit reserves	$ (2)	$ (3)
Adjustment for portion attributable to noncontrolling interests	$ 5	$ (11)

Summary of Segments and Corpora

Summary of Segments and Corporate and Other Activities (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total assets	$ 102,188	$ 100,923
Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	102,188	100,923
U.S. Mortgage Insurance | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	3,808	3,583
Canada Mortgage Insurance | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	5,146	5,038
Australia Mortgage Insurance | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	2,533	2,534
U.S. Life Insurance | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	80,619	79,799
Runoff | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	10,082	9,963
Corporate and Other | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	$ 0	$ 6

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) £ in Millions, $ in Millions	Feb. 25, 2019GBP (£)	Nov. 15, 2018GBP (£)	Jan. 31, 2019USD ($)	Dec. 31, 2017GBP (£)Company	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Line Items]
Indemnity limit | £				£ 28
Number of insurance company sold | Company				2
Commitment to fund limited partnership investments					$ 747
Commitment to fund U.S. commercial mortgage loan investments					122
Commitment to fund private placement investments					30
Updated Indemnity Limit | £	£ 265	£ 237
Loss Contingency, Damages Sought			$ 5
Notional amount
Commitments and Contingencies Disclosure [Line Items]
Commitment to fund bank loan investments					$ 40	$ 33

Component of Changes in Accumul

Component of Changes in Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		$ 2,044	$ 3,027
Cumulative effect of changes in accounting			131
OCI before reclassifications		578	(561)
Amounts reclassified from (to) OCI		(75)	(19)
Total other comprehensive income (loss)		503	(580)
Balances before nonnontrolling interests		2,547	2,578
Less: change in OCI attributable to noncontrolling interests		55	(49)
Ending balance		2,492	2,627
Net unrealized investment (gains) losses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[1]	595	1,085
Cumulative effect of changes in accounting	[1]		164
OCI before reclassifications	[1]	427	(348)
Amounts reclassified from (to) OCI	[1]	(47)	7
Total other comprehensive income (loss)	[1]	380	(341)
Balances before nonnontrolling interests	[1]	975	908
Less: change in OCI attributable to noncontrolling interests	[1]	32	(9)
Ending balance	[1]	943	917
Derivatives qualifying as hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[2]	1,781	2,065
Cumulative effect of changes in accounting	[2]		14
OCI before reclassifications	[2]	97	(126)
Amounts reclassified from (to) OCI	[2]	(28)	(26)
Total other comprehensive income (loss)	[2]	69	(152)
Balances before nonnontrolling interests	[2]	1,850	1,927
Less: change in OCI attributable to noncontrolling interests	[2]	0	0
Ending balance	[2]	1,850	1,927
Foreign currency translation and other adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(332)	(123)
Cumulative effect of changes in accounting			(47)
OCI before reclassifications		54	(87)
Amounts reclassified from (to) OCI		0	0
Total other comprehensive income (loss)		54	(87)
Balances before nonnontrolling interests		(278)	(257)
Less: change in OCI attributable to noncontrolling interests		23	(40)
Ending balance		(301)	(217)
Accumulated other comprehensive income (loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		2,044	3,027
Total other comprehensive income (loss)		448	(531)
Ending balance		$ 2,492	$ 2,627
[1]	Net of adjustments to DAC, present value of future profits, sales inducements and benefit reserves. See note 4 for additional information.
[2]	See note 5 for additional information.

Changes In Accumulated Other _3

Changes In Accumulated Other Comprehensive Income - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrecognized postretirement benefit obligation, current period OCI	$ (2)	$ (14)
Unrecognized postretirement benefit obligation, current period OCI, tax	1	5
Foreign currency translation and other adjustments, current period OCI, tax	$ (45)	$ (46)

Reclassifications In (Out) of A

Reclassifications In (Out) of Accumulated Other Comprehensive Income, Net of Taxes (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income		$ (829)	$ (804)
Net investment (gains) losses		(74)	31
(Provision) benefit for income taxes		112	63
Amount reclassified from accumulated other comprehensive income (loss) | Net unrealized investment (gains) losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment (gains) losses	[1]	(60)	8
(Provision) benefit for income taxes		13	(1)
(Income) loss from continuing operations		(47)	7
Amount reclassified from accumulated other comprehensive income (loss) | Derivatives qualifying as hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
(Provision) benefit for income taxes		16	14
(Income) loss from continuing operations		(28)	(26)
Amount reclassified from accumulated other comprehensive income (loss) | Derivatives qualifying as hedges | Interest rate swaps
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income		(38)	(35)
Net investment (gains) losses		$ (6)	$ (5)
[1]	Amounts exclude adjustments to DAC, present value of future profits, sales inducements and benefit reserves.

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Assets
Fixed maturity securities available-for-sale, at fair value	$ 61,360	$ 59,661
Equity securities, at fair value	635	655
Commercial mortgage loans	6,988	6,749
Policy loans	1,994	1,861
Other invested assets	1,208	1,188
Investments in subsidiaries	0	0
Total investments	72,185	70,114
Cash, cash equivalents and restricted cash	2,221	2,177	$ 2,843	$ 2,875
Accrued investment income	726	675
Deferred acquisition costs	2,219	3,263
Intangible assets and goodwill	265	347
Reinsurance recoverable	17,257	17,278
Other assets	532	474
Intercompany notes receivable	0	0
Deferred tax assets	573	736
Separate account assets	6,210	5,859
Total assets	102,188	100,923
Liabilities and equity
Future policy benefits	38,369	37,940
Policyholder account balances	22,651	22,968
Liability for policy and contract claims	10,536	10,379	9,651	9,594
Unearned premiums	3,482	3,546
Other liabilities	1,682	1,682
Intercompany notes payable	0	0
Non-recourse funding obligations	311	311
Long-term borrowings	4,035	4,025
Deferred tax liability	30	24
Separate account liabilities	6,210	5,859
Total liabilities	87,306	86,734
Equity:
Common stock	1	1
Additional paid-in capital	11,989	11,987
Accumulated other comprehensive income (loss)	2,492	2,044	2,627	3,027
Retained earnings	1,292	1,118
Treasury stock, at cost	(2,700)	(2,700)
Total Genworth Financial, Inc.'s stockholders' equity	13,074	12,450
Noncontrolling interests	1,808	1,739
Total equity	14,882	14,189	14,862	15,328
Total liabilities and equity	102,188	100,923
Reportable Legal Entities | Parent Guarantor
Assets
Fixed maturity securities available-for-sale, at fair value	0	0
Equity securities, at fair value	0	0
Commercial mortgage loans	0	0
Policy loans	0	0
Other invested assets	0	0
Investments in subsidiaries	13,222	12,570
Total investments	13,222	12,570
Cash, cash equivalents and restricted cash	0	0	0	0
Accrued investment income	0	0
Deferred acquisition costs	0	0
Intangible assets and goodwill	0	0
Reinsurance recoverable	0	0
Other assets	(4)	15
Intercompany notes receivable	0	0
Deferred tax assets	(11)	14
Separate account assets	0	0
Total assets	13,207	12,599
Liabilities and equity
Future policy benefits	0	0
Policyholder account balances	0	0
Liability for policy and contract claims	0	0
Unearned premiums	0	0
Other liabilities	27	27
Intercompany notes payable	106	122
Non-recourse funding obligations	0	0
Long-term borrowings	0	0
Deferred tax liability	0	0
Separate account liabilities	0	0
Total liabilities	133	149
Equity:
Common stock	1	1
Additional paid-in capital	11,989	11,987
Accumulated other comprehensive income (loss)	2,492	2,044
Retained earnings	1,292	1,118
Treasury stock, at cost	(2,700)	(2,700)
Total Genworth Financial, Inc.'s stockholders' equity	13,074	12,450
Noncontrolling interests	0	0
Total equity	13,074	12,450
Total liabilities and equity	13,207	12,599
Reportable Legal Entities | Issuer
Assets
Fixed maturity securities available-for-sale, at fair value	0	0
Equity securities, at fair value	0	0
Commercial mortgage loans	0	0
Policy loans	0	0
Other invested assets	49	86
Investments in subsidiaries	11,928	11,462
Total investments	11,977	11,548
Cash, cash equivalents and restricted cash	361	429	1,130	795
Accrued investment income	0	0
Deferred acquisition costs	0	0
Intangible assets and goodwill	0	0
Reinsurance recoverable	0	0
Other assets	55	62
Intercompany notes receivable	231	180
Deferred tax assets	913	907
Separate account assets	0	0
Total assets	13,537	13,126
Liabilities and equity
Future policy benefits	0	0
Policyholder account balances	0	0
Liability for policy and contract claims	0	0
Unearned premiums	0	0
Other liabilities	65	97
Intercompany notes payable	200	207
Non-recourse funding obligations	0	0
Long-term borrowings	3,570	3,567
Deferred tax liability	0	0
Separate account liabilities	0	0
Total liabilities	3,835	3,871
Equity:
Common stock	0	0
Additional paid-in capital	9,096	9,095
Accumulated other comprehensive income (loss)	2,521	2,144
Retained earnings	(1,915)	(1,984)
Treasury stock, at cost	0	0
Total Genworth Financial, Inc.'s stockholders' equity	9,702	9,255
Noncontrolling interests	0	0
Total equity	9,702	9,255
Total liabilities and equity	13,537	13,126
Reportable Legal Entities | All Other Subsidiaries
Assets
Fixed maturity securities available-for-sale, at fair value	61,560	59,861
Equity securities, at fair value	635	655
Commercial mortgage loans	6,988	6,749
Policy loans	1,994	1,861
Other invested assets	1,160	1,104
Investments in subsidiaries	0	0
Total investments	72,337	70,230
Cash, cash equivalents and restricted cash	1,860	1,748	1,713	2,080
Accrued investment income	733	679
Deferred acquisition costs	2,219	3,263
Intangible assets and goodwill	265	347
Reinsurance recoverable	17,257	17,278
Other assets	482	397
Intercompany notes receivable	0	6
Deferred tax assets	(329)	(185)
Separate account assets	6,210	5,859
Total assets	101,034	99,622
Liabilities and equity
Future policy benefits	38,369	37,940
Policyholder account balances	22,651	22,968
Liability for policy and contract claims	10,536	10,379
Unearned premiums	3,482	3,546
Other liabilities	1,600	1,565
Intercompany notes payable	125	57
Non-recourse funding obligations	311	311
Long-term borrowings	465	458
Deferred tax liability	30	24
Separate account liabilities	6,210	5,859
Total liabilities	83,779	83,107
Equity:
Common stock	3	3
Additional paid-in capital	18,429	18,425
Accumulated other comprehensive income (loss)	2,515	2,060
Retained earnings	(5,800)	(6,012)
Treasury stock, at cost	0	0
Total Genworth Financial, Inc.'s stockholders' equity	15,147	14,476
Noncontrolling interests	2,108	2,039
Total equity	17,255	16,515
Total liabilities and equity	101,034	99,622
Eliminations
Assets
Fixed maturity securities available-for-sale, at fair value	(200)	(200)
Equity securities, at fair value	0	0
Commercial mortgage loans	0	0
Policy loans	0	0
Other invested assets	(1)	(2)
Investments in subsidiaries	(25,150)	(24,032)
Total investments	(25,351)	(24,234)
Cash, cash equivalents and restricted cash	0	0	$ 0	$ 0
Accrued investment income	(7)	(4)
Deferred acquisition costs	0	0
Intangible assets and goodwill	0	0
Reinsurance recoverable	0	0
Other assets	(1)	0
Intercompany notes receivable	(231)	(186)
Deferred tax assets	0	0
Separate account assets	0	0
Total assets	(25,590)	(24,424)
Liabilities and equity
Future policy benefits	0	0
Policyholder account balances	0	0
Liability for policy and contract claims	0	0
Unearned premiums	0	0
Other liabilities	(10)	(7)
Intercompany notes payable	(431)	(386)
Non-recourse funding obligations	0	0
Long-term borrowings	0	0
Deferred tax liability	0	0
Separate account liabilities	0	0
Total liabilities	(441)	(393)
Equity:
Common stock	(3)	(3)
Additional paid-in capital	(27,525)	(27,520)
Accumulated other comprehensive income (loss)	(5,036)	(4,204)
Retained earnings	7,715	7,996
Treasury stock, at cost	0	0
Total Genworth Financial, Inc.'s stockholders' equity	(24,849)	(23,731)
Noncontrolling interests	(300)	(300)
Total equity	(25,149)	(24,031)
Total liabilities and equity	$ (25,590)	$ (24,424)

Condensed Consolidating Balan_2

Condensed Consolidating Balance Sheet (Detail) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Condensed Financial Statements, Captions [Line Items]
Restricted commercial mortgage loans related to securitization entities	$ 59	$ 62

Condensed Consolidating Income

Condensed Consolidating Income Statement (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues:
Premiums	$ 1,114	$ 1,140
Net investment income	829	804
Net investment gains (losses)	74	(31)
Policy fees and other income	187	202
Total revenues	2,204	2,115
Benefits and expenses:
Benefits and other changes in policy reserves	1,301	1,311
Interest credited	147	156
Acquisition and operating expenses, net of deferrals	251	240
Amortization of deferred acquisition costs and intangibles	91	104
Interest expense	72	76
Total benefits and expenses	1,862	1,887
Income before income taxes	342	228
Provision (benefit) for income taxes	112	63
Equity in income of subsidiaries	0	0
Net income	230	165
Less: net income attributable to noncontrolling interests	56	53
Net income available to Genworth Financial, Inc.'s common stockholders	174	112
Reportable Legal Entities | Parent Guarantor
Revenues:
Premiums	0	0
Net investment income	(1)	(1)
Net investment gains (losses)	0	0
Policy fees and other income	0	0
Total revenues	(1)	(1)
Benefits and expenses:
Benefits and other changes in policy reserves	0	0
Interest credited	0	0
Acquisition and operating expenses, net of deferrals	4	7
Amortization of deferred acquisition costs and intangibles	0	0
Interest expense	2	0
Total benefits and expenses	6	7
Income before income taxes	(7)	(8)
Provision (benefit) for income taxes	21	6
Equity in income of subsidiaries	202	126
Net income	174	112
Less: net income attributable to noncontrolling interests	0	0
Net income available to Genworth Financial, Inc.'s common stockholders	174	112
Reportable Legal Entities | Issuer
Revenues:
Premiums	0	0
Net investment income	3	3
Net investment gains (losses)	(3)	6
Policy fees and other income	0	0
Total revenues	0	9
Benefits and expenses:
Benefits and other changes in policy reserves	0	0
Interest credited	0	0
Acquisition and operating expenses, net of deferrals	(2)	0
Amortization of deferred acquisition costs and intangibles	0	0
Interest expense	65	68
Total benefits and expenses	63	68
Income before income taxes	(63)	(59)
Provision (benefit) for income taxes	(12)	(17)
Equity in income of subsidiaries	120	45
Net income	69	3
Less: net income attributable to noncontrolling interests	0	0
Net income available to Genworth Financial, Inc.'s common stockholders	69	3
Reportable Legal Entities | All Other Subsidiaries
Revenues:
Premiums	1,114	1,140
Net investment income	831	805
Net investment gains (losses)	77	(37)
Policy fees and other income	188	203
Total revenues	2,210	2,111
Benefits and expenses:
Benefits and other changes in policy reserves	1,301	1,311
Interest credited	147	156
Acquisition and operating expenses, net of deferrals	249	233
Amortization of deferred acquisition costs and intangibles	91	104
Interest expense	10	12
Total benefits and expenses	1,798	1,816
Income before income taxes	412	295
Provision (benefit) for income taxes	103	74
Equity in income of subsidiaries	0	0
Net income	309	221
Less: net income attributable to noncontrolling interests	56	53
Net income available to Genworth Financial, Inc.'s common stockholders	253	168
Eliminations
Revenues:
Premiums	0	0
Net investment income	(4)	(3)
Net investment gains (losses)	0	0
Policy fees and other income	(1)	(1)
Total revenues	(5)	(4)
Benefits and expenses:
Benefits and other changes in policy reserves	0	0
Interest credited	0	0
Acquisition and operating expenses, net of deferrals	0	0
Amortization of deferred acquisition costs and intangibles	0	0
Interest expense	(5)	(4)
Total benefits and expenses	(5)	(4)
Income before income taxes	0	0
Provision (benefit) for income taxes	0	0
Equity in income of subsidiaries	(322)	(171)
Net income	(322)	(171)
Less: net income attributable to noncontrolling interests	0	0
Net income available to Genworth Financial, Inc.'s common stockholders	$ (322)	$ (171)

Condensed Consolidating Stateme

Condensed Consolidating Statement of Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Financial Statements, Captions [Line Items]
Net income	$ 230	$ 165
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired	379	(341)
Net unrealized gains (losses) on other-than-temporarily impaired securities	1
Derivatives qualifying as hedges	69	(152)
Foreign currency translation and other adjustments	54	(87)
Total other comprehensive income (loss)	503	(580)
Total comprehensive income (loss)	733	(415)
Less: comprehensive income attributable to noncontrolling interests	111	4
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	622	(419)
Reportable Legal Entities | Parent Guarantor
Condensed Financial Statements, Captions [Line Items]
Net income	174	112
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired	347	(332)
Net unrealized gains (losses) on other-than-temporarily impaired securities	1
Derivatives qualifying as hedges	69	(152)
Foreign currency translation and other adjustments	31	(47)
Total other comprehensive income (loss)	448	(531)
Total comprehensive income (loss)	622	(419)
Less: comprehensive income attributable to noncontrolling interests		0
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	622	(419)
Reportable Legal Entities | Issuer
Condensed Financial Statements, Captions [Line Items]
Net income	69	3
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired	283	(295)
Net unrealized gains (losses) on other-than-temporarily impaired securities	1
Derivatives qualifying as hedges	69	(153)
Foreign currency translation and other adjustments	24	(36)
Total other comprehensive income (loss)	377	(484)
Total comprehensive income (loss)	446	(481)
Less: comprehensive income attributable to noncontrolling interests		0
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	446	(481)
Reportable Legal Entities | All Other Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income	309	221
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired	379	(341)
Net unrealized gains (losses) on other-than-temporarily impaired securities	1
Derivatives qualifying as hedges	77	(165)
Foreign currency translation and other adjustments	53	(88)
Total other comprehensive income (loss)	510	(594)
Total comprehensive income (loss)	819	(373)
Less: comprehensive income attributable to noncontrolling interests	111	4
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	708	(377)
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net income	(322)	(171)
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired	(630)	627
Net unrealized gains (losses) on other-than-temporarily impaired securities	(2)
Derivatives qualifying as hedges	(146)	318
Foreign currency translation and other adjustments	(54)	84
Total other comprehensive income (loss)	(832)	1,029
Total comprehensive income (loss)	(1,154)	858
Less: comprehensive income attributable to noncontrolling interests		0
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	$ (1,154)	$ 858

Condensed Consolidating State_2

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from (used by) operating activities:
Net income	$ 230	$ 165
Adjustments to reconcile net income (loss) to net cash from (used by) operating activities:
Equity in (income) loss from subsidiaries	0	0
Dividends from subsidiaries	0	0
Amortization of fixed maturity securities discounts and premiums	(16)	(25)
Net investment (gains) losses	(74)	31
Charges assessed to policyholders	(165)	(178)
Acquisition costs deferred	(17)	(18)
Amortization of deferred acquisition costs and intangibles	91	104
Deferred income taxes	75	26
Derivative instruments and limited partnerships	(30)	(152)
Stock-based compensation expense	7	7
Change in certain assets and liabilities:
Accrued investment income and other assets	(258)	(45)
Insurance reserves	301	377
Current tax liabilities	8	(39)
Other liabilities, policy and contract claims and other policy-related balances	(18)	(144)
Net cash from operating activities	134	109
Cash flows from (used by) investing activities:
Fixed maturity securities	902	934
Commercial mortgage loans	127	205
Restricted commercial mortgage loans related to a securitization entity	3	8
Proceeds from sales of investments:
Fixed maturity and equity securities	1,714	792
Purchases and originations of investments:
Fixed maturity and equity securities	(2,128)	(2,013)
Commercial mortgage loans	(370)	(199)
Other invested assets, net	17	104
Policy loans, net	12	2
Intercompany notes receivable	0	0
Capital contributions to subsidiaries	0
Net cash from (used by) investing activities	277	(167)
Cash flows from (used by) financing activities:
Deposits to universal life and investment contracts	198	255
Withdrawals from universal life and investment contracts	(581)	(591)
Proceeds from the issuance of long-term debt		441
Repayment of borrowings related to a securitization entity		(8)
Repurchase of subsidiary shares	(12)	(36)
Dividends paid to noncontrolling interests	(28)	(36)
Intercompany notes payable	0	0
Other, net	48	22
Net cash from (used by) financing activities	(375)	47
Effect of exchange rate changes on cash, cash equivalents and restricted cash	8	(21)
Net change in cash, cash equivalents and restricted cash	44	(32)
Cash, cash equivalents and restricted cash at beginning of period	2,177	2,875
Cash, cash equivalents and restricted cash at end of period	2,221	2,843
Reportable Legal Entities | Parent Guarantor
Cash flows from (used by) operating activities:
Net income	174	112
Adjustments to reconcile net income (loss) to net cash from (used by) operating activities:
Equity in (income) loss from subsidiaries	(202)	(126)
Dividends from subsidiaries	0	0
Amortization of fixed maturity securities discounts and premiums	0	0
Net investment (gains) losses	0	0
Charges assessed to policyholders	0	0
Acquisition costs deferred	0	0
Amortization of deferred acquisition costs and intangibles	0	0
Deferred income taxes	26	9
Derivative instruments and limited partnerships	0	0
Stock-based compensation expense	6	8
Change in certain assets and liabilities:
Accrued investment income and other assets	19	5
Insurance reserves	0	0
Current tax liabilities	15	(23)
Other liabilities, policy and contract claims and other policy-related balances	(18)	(13)
Net cash from operating activities	20	(28)
Cash flows from (used by) investing activities:
Fixed maturity securities	0	0
Commercial mortgage loans	0	0
Restricted commercial mortgage loans related to a securitization entity	0	0
Proceeds from sales of investments:
Fixed maturity and equity securities	0	0
Purchases and originations of investments:
Fixed maturity and equity securities	0	0
Commercial mortgage loans	0	0
Other invested assets, net	0	0
Policy loans, net	0	0
Intercompany notes receivable	0	0
Capital contributions to subsidiaries	(3)
Net cash from (used by) investing activities	(3)	0
Cash flows from (used by) financing activities:
Deposits to universal life and investment contracts	0	0
Withdrawals from universal life and investment contracts	0	0
Proceeds from the issuance of long-term debt		0
Repayment of borrowings related to a securitization entity		0
Repurchase of subsidiary shares	0	0
Dividends paid to noncontrolling interests	0	0
Intercompany notes payable	(16)	31
Other, net	(1)	(3)
Net cash from (used by) financing activities	(17)	28
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0	0
Net change in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash at beginning of period	0	0
Cash, cash equivalents and restricted cash at end of period	0	0
Reportable Legal Entities | Issuer
Cash flows from (used by) operating activities:
Net income	69	3
Adjustments to reconcile net income (loss) to net cash from (used by) operating activities:
Equity in (income) loss from subsidiaries	(120)	(45)
Dividends from subsidiaries	47	63
Amortization of fixed maturity securities discounts and premiums	2	1
Net investment (gains) losses	3	(6)
Charges assessed to policyholders	0	0
Acquisition costs deferred	0	0
Amortization of deferred acquisition costs and intangibles	0	0
Deferred income taxes	(3)	(47)
Derivative instruments and limited partnerships	(10)	17
Stock-based compensation expense	0	0
Change in certain assets and liabilities:
Accrued investment income and other assets	0	16
Insurance reserves	0	0
Current tax liabilities	(9)	26
Other liabilities, policy and contract claims and other policy-related balances	(18)	(19)
Net cash from operating activities	(39)	9
Cash flows from (used by) investing activities:
Fixed maturity securities	0	0
Commercial mortgage loans	0	0
Restricted commercial mortgage loans related to a securitization entity	0	0
Proceeds from sales of investments:
Fixed maturity and equity securities	0	0
Purchases and originations of investments:
Fixed maturity and equity securities	0	0
Commercial mortgage loans	0	0
Other invested assets, net	29	0
Policy loans, net	0	0
Intercompany notes receivable	(51)	(56)
Capital contributions to subsidiaries	0
Net cash from (used by) investing activities	(22)	(56)
Cash flows from (used by) financing activities:
Deposits to universal life and investment contracts	0	0
Withdrawals from universal life and investment contracts	0	0
Proceeds from the issuance of long-term debt		441
Repayment of borrowings related to a securitization entity		0
Repurchase of subsidiary shares	0	0
Dividends paid to noncontrolling interests	0	0
Intercompany notes payable	(7)	(59)
Other, net	0	0
Net cash from (used by) financing activities	(7)	382
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0	0
Net change in cash, cash equivalents and restricted cash	(68)	335
Cash, cash equivalents and restricted cash at beginning of period	429	795
Cash, cash equivalents and restricted cash at end of period	361	1,130
Reportable Legal Entities | All Other Subsidiaries
Cash flows from (used by) operating activities:
Net income	309	221
Adjustments to reconcile net income (loss) to net cash from (used by) operating activities:
Equity in (income) loss from subsidiaries	0	0
Dividends from subsidiaries	(47)	(63)
Amortization of fixed maturity securities discounts and premiums	(18)	(26)
Net investment (gains) losses	(77)	37
Charges assessed to policyholders	(165)	(178)
Acquisition costs deferred	(17)	(18)
Amortization of deferred acquisition costs and intangibles	91	104
Deferred income taxes	52	64
Derivative instruments and limited partnerships	(20)	(169)
Stock-based compensation expense	1	(1)
Change in certain assets and liabilities:
Accrued investment income and other assets	(281)	(63)
Insurance reserves	301	377
Current tax liabilities	2	(42)
Other liabilities, policy and contract claims and other policy-related balances	21	(117)
Net cash from operating activities	152	126
Cash flows from (used by) investing activities:
Fixed maturity securities	902	934
Commercial mortgage loans	127	205
Restricted commercial mortgage loans related to a securitization entity	3	8
Proceeds from sales of investments:
Fixed maturity and equity securities	1,714	792
Purchases and originations of investments:
Fixed maturity and equity securities	(2,128)	(2,013)
Commercial mortgage loans	(370)	(199)
Other invested assets, net	(11)	106
Policy loans, net	12	2
Intercompany notes receivable	6	59
Capital contributions to subsidiaries	3
Net cash from (used by) investing activities	258	(106)
Cash flows from (used by) financing activities:
Deposits to universal life and investment contracts	198	255
Withdrawals from universal life and investment contracts	(581)	(591)
Proceeds from the issuance of long-term debt		0
Repayment of borrowings related to a securitization entity		(8)
Repurchase of subsidiary shares	(12)	(36)
Dividends paid to noncontrolling interests	(28)	(36)
Intercompany notes payable	68	25
Other, net	49	25
Net cash from (used by) financing activities	(306)	(366)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	8	(21)
Net change in cash, cash equivalents and restricted cash	112	(367)
Cash, cash equivalents and restricted cash at beginning of period	1,748	2,080
Cash, cash equivalents and restricted cash at end of period	1,860	1,713
Eliminations
Cash flows from (used by) operating activities:
Net income	(322)	(171)
Adjustments to reconcile net income (loss) to net cash from (used by) operating activities:
Equity in (income) loss from subsidiaries	322	171
Dividends from subsidiaries	0	0
Amortization of fixed maturity securities discounts and premiums	0	0
Net investment (gains) losses	0	0
Charges assessed to policyholders	0	0
Acquisition costs deferred	0	0
Amortization of deferred acquisition costs and intangibles	0	0
Deferred income taxes	0	0
Derivative instruments and limited partnerships	0	0
Stock-based compensation expense	0	0
Change in certain assets and liabilities:
Accrued investment income and other assets	4	(3)
Insurance reserves	0	0
Current tax liabilities	0	0
Other liabilities, policy and contract claims and other policy-related balances	(3)	5
Net cash from operating activities	1	2
Cash flows from (used by) investing activities:
Fixed maturity securities	0	0
Commercial mortgage loans	0	0
Restricted commercial mortgage loans related to a securitization entity	0	0
Proceeds from sales of investments:
Fixed maturity and equity securities	0	0
Purchases and originations of investments:
Fixed maturity and equity securities	0	0
Commercial mortgage loans	0	0
Other invested assets, net	(1)	(2)
Policy loans, net	0	0
Intercompany notes receivable	45	(3)
Capital contributions to subsidiaries	0
Net cash from (used by) investing activities	44	(5)
Cash flows from (used by) financing activities:
Deposits to universal life and investment contracts	0	0
Withdrawals from universal life and investment contracts	0	0
Proceeds from the issuance of long-term debt		0
Repayment of borrowings related to a securitization entity		0
Repurchase of subsidiary shares	0	0
Dividends paid to noncontrolling interests	0	0
Intercompany notes payable	(45)	3
Other, net	0	0
Net cash from (used by) financing activities	(45)	3
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0	0
Net change in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash at beginning of period	0	0
Cash, cash equivalents and restricted cash at end of period	$ 0	$ 0

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval		$ 500
Genworth Financial's Subsidiaries [Member]
Restricted net assets	$ 12,700
Genworth Holdings Subsidiaries [Member]
Restricted net assets	$ 11,700