Genworth Financial (GNW) 10-Q 30 Oct 19 2019 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2019	Oct. 23, 2019
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001276520
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2019
Entity Registrant Name	GENWORTH FINANCIAL INC
Entity File Number	001-32195
Entity Tax Identification Number	80-0873306
Entity Incorporation, State or Country Code	DE
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Address, Address Line One	6620 West Broad Street
Entity Address, State or Province	VA
Entity Address, City or Town	Richmond
Entity Address, Postal Zip Code	23230
Entity Interactive Data Current	Yes
City Area Code	804
Local Phone Number	281-6000
Trading Symbol	GNW
Security Exchange Name	NYSE
Title of 12(b) Security	Class A Common Stock
Entity Common Stock, Shares Outstanding		503,465,078

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2019		Dec. 31, 2018
Assets
Fixed maturity securities available-for-sale, at fair value	$ 61,233		$ 55,589
Equity securities, at fair value	239		275
Commercial mortgage loans ($53 and $62 are restricted as of September 30, 2019 and December 31, 2018, respectively, related to a securitization entity)	7,033		6,749
Policy loans	2,069		1,861
Other invested assets	1,693		1,072
Total investments	72,267		65,546
Cash, cash equivalents and restricted cash	1,629	[1]	1,974
Accrued investment income	643		645
Deferred acquisition costs	1,881		3,142
Intangible assets and goodwill	210		333
Reinsurance recoverable	17,180		17,278
Other assets	479		395
Deferred tax asset	236		736
Separate account assets	6,005		5,859
Assets held for sale related to discontinued operations	5,123		5,015
Total assets	105,653		100,923
Liabilities and equity
Future policy benefits	40,489		37,940
Policyholder account balances	22,607		22,968
Liability for policy and contract claims	10,780		10,295
Unearned premiums	1,863		2,013
Other liabilities	1,445		1,529
Non-recourse funding obligations	311		311
Long-term borrowings	3,706		3,707
Separate account liabilities	6,005		5,859
Liabilities held for sale related to discontinued operations	2,302		2,112
Total liabilities	89,508		86,734
Commitments and contingencies
Equity:
Class A common stock, $0.001 par value; 1.5 billion shares authorized; 592 million and 589 million shares issued as of September 30, 2019 and December 31, 2018, respectively; 504 million and 501 million shares outstanding as of September 30, 2019 and December 31, 2018, respectively	1		1
Additional paid-in capital	11,986		11,987
Net unrealized investment gains (losses):
Net unrealized gains (losses) on securities not other-than-temporarily impaired	1,664		585
Net unrealized gains (losses) on other-than-temporarily impaired securities	11		10
Net unrealized investment gains (losses)	1,675		595
Derivatives qualifying as hedges	2,259		1,781
Foreign currency translation and other adjustments	(312)		(332)
Total accumulated other comprehensive income (loss)	3,622		2,044
Retained earnings	1,478		1,118
Treasury stock, at cost (88 million shares as of September 30, 2019 and December 31, 2018)	(2,700)		(2,700)
Total Genworth Financial, Inc.'s stockholders' equity	14,387		12,450
Noncontrolling interests	1,758		1,739
Total equity	16,145		14,189
Total liabilities and equity	$ 105,653		$ 100,923
[1]	On October 18, 2019, our U.S. mortgage insurance business paid a $250 million dividend. The cash proceeds from the dividend will be reflected in Genworth Holdings’ (“Issuer”) cash, cash equivalents and restricted cash balance in the fourth quarter of 2019.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Restricted commercial mortgage loans related to securitization entities	$ 53	$ 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	592,000,000	589,000,000
Class A common stock, shares outstanding	504,000,000	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		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Premiums		$ 1,015	$ 995	$ 3,004	$ 3,001
Net investment income		816	780	2,426	2,342
Net investment gains (losses)		(2)	(16)	27	(31)
Policy fees and other income		191	193	601	604
Total revenues		2,020	1,952	6,058	5,916
Benefits and expenses:
Benefits and other changes in policy reserves		1,284	1,303	3,817	3,782
Interest credited		146	151	439	459
Acquisition and operating expenses, net of deferrals		247	231	713	694
Amortization of deferred acquisition costs and intangibles		112	72	277	267
Interest expense		59	60	179	195
Total benefits and expenses		1,848	1,817	5,425	5,397
Income from continuing operations before income taxes		172	135	633	519
Provision for income taxes		34	30	169	179
Income from continuing operations		138	105	464	340
Income (loss) from discontinued operations, net of taxes		(80)	105	42	284
Net income		58	210	506	624
Less: net income from continuing operations attributable to noncontrolling interests		10	18	45	62
Less: net income from discontinued operations attributable to noncontrolling interests		30	46	101	114
Net income available to Genworth Financial, Inc.'s common stockholders		18	146	360	448
Net income (loss) available to Genworth Financial, Inc.'s common stockholders:
Income from continuing operations available to Genworth Financial, Inc.'s common stockholders		128	87	419	278
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders		(110)	59	(59)	170
Net income available to Genworth Financial, Inc.'s common stockholders		$ 18	$ 146	$ 360	$ 448
Income from continuing operations available to Genworth Financial, Inc.'s common stockholders per share:
Basic		$ 0.25	$ 0.17	$ 0.83	$ 0.56
Diluted		0.25	0.17	0.82	0.55
Net income available to Genworth Financial, Inc.'s common stockholders per share:
Basic	[1]	0.04	0.29	0.72	0.89
Diluted	[1]	$ 0.04	$ 0.29	$ 0.71	$ 0.89
Weighted-average common shares outstanding:
Basic		503.5	500.7	502.7	500.3
Diluted		511.2	503.3	509.5	502.9
Supplemental disclosures:
Total other-than-temporary impairments		$ 0	$ 0	$ 0	$ 0
Portion of other-than-temporary impairments included in other comprehensive income (loss)		0	0	0	0
Net other-than-temporary impairments		0	0	0	0
Other investments gains (losses)		(2)	(16)	27	(31)
Total net investment gains (losses)		$ (2)	$ (16)	$ 27	$ (31)
[1]	May not total due to whole number calculation.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net income	$ 58	$ 210	$ 506	$ 624
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired	371	(134)	1,126	(660)
Net unrealized gains (losses) on other-than-temporarily impaired securities	0	0	1	(2)
Derivatives qualifying as hedges	276	(146)	478	(362)
Foreign currency translation and other adjustments	(64)	20	33	(165)
Total other comprehensive income (loss)	583	(260)	1,638	(1,189)
Total comprehensive income (loss)	641	(50)	2,144	(565)
Less: comprehensive income attributable to noncontrolling interests	14	64	206	78
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	$ 627	$ (114)	$ 1,938	$ (643)

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	(89)							(89)
Comprehensive income (loss):
Net income	624				448		448	176
Other comprehensive income (loss), net of taxes	(1,189)			(1,091)			(1,091)	(98)
Total comprehensive income (loss)	(565)						(643)	78
Dividends to noncontrolling interests	(83)							(83)
Stock-based compensation expense and exercises and other	13		6				6	7
Balances, ending at Sep. 30, 2018	14,621	1	11,983	2,067	1,447	(2,700)	12,798	1,823
Balances, beginning at Jun. 30, 2018	14,741	1	11,981	2,327	1,301	(2,700)	12,910	1,831
Repurchase of subsidiary shares	(40)							(40)
Comprehensive income (loss):
Net income	210				146		146	64
Other comprehensive income (loss), net of taxes	(260)			(260)			(260)
Total comprehensive income (loss)	(50)						(114)	64
Dividends to noncontrolling interests	(33)							(33)
Stock-based compensation expense and exercises and other	3		2				2	1
Balances, ending at Sep. 30, 2018	14,621	1	11,983	2,067	1,447	(2,700)	12,798	1,823
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	(44)							(44)
Comprehensive income (loss):
Net income	506				360		360	146
Other comprehensive income (loss), net of taxes	1,638			1,578			1,578	60
Total comprehensive income (loss)	2,144						1,938	206
Dividends to noncontrolling interests	(149)						0	(149)
Stock-based compensation expense and exercises and other	5		(1)				(1)	6
Balances, ending at Sep. 30, 2019	16,145	1	11,986	3,622	1,478	(2,700)	14,387	1,758
Balances, beginning at Jun. 30, 2019	15,592	1	11,983	3,013	1,460	(2,700)	13,757	1,835
Comprehensive income (loss):
Net income	58				18		18	40
Other comprehensive income (loss), net of taxes	583			609			609	(26)
Total comprehensive income (loss)	641						627	14
Dividends to noncontrolling interests	(96)							(96)
Stock-based compensation expense and exercises and other	8		3				3	5
Balances, ending at Sep. 30, 2019	$ 16,145	$ 1	$ 11,986	$ 3,622	$ 1,478	$ (2,700)	$ 14,387	$ 1,758

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019		Sep. 30, 2018
Cash flows from operating activities:
Net income	$ 506		$ 624
Less income from discontinued operations, net of taxes	(42)		(284)
Adjustments to reconcile net income to net cash from operating activities:
Amortization of fixed maturity securities discounts and premiums	(93)		(99)
Net investment (gains) losses	(27)		31
Charges assessed to policyholders	(532)		(528)
Acquisition costs deferred	(22)		(32)
Amortization of deferred acquisition costs and intangibles	277		267
Deferred income taxes	106		119
Derivative instruments and limited partnerships	121		(369)
Stock-based compensation expense	17		23
Change in certain assets and liabilities:
Accrued investment income and other assets	(327)		(119)
Insurance reserves	906		1,039
Current tax liabilities	36		33
Other liabilities, policy and contract claims and other policy-related balances	348		62
Cash from operating activities—discontinued operations	334		206
Net cash from operating activities	1,608		973
Cash flows from (used by) investing activities:
Fixed maturity securities	2,734		2,661
Commercial mortgage loans	387		543
Restricted commercial mortgage loans related to a securitization entity	8		20
Proceeds from sales of investments:
Fixed maturity and equity securities	3,024		2,853
Purchases and originations of investments:
Fixed maturity and equity securities	(5,805)		(5,486)
Commercial mortgage loans	(682)		(769)
Other invested assets, net	(259)		250
Policy loans, net	51		35
Cash used by investing activities—discontinued operations	(6)		(38)
Net cash from (used by) investing activities	(548)		69
Cash flows used by financing activities:
Deposits to universal life and investment contracts	637		805
Withdrawals from universal life and investment contracts	(1,699)		(1,806)
Proceeds from issuance of long-term debt			441
Repayment and repurchase of long-term debt	(3)		(598)
Repayment of borrowings related to a securitization entity			(20)
Repurchase of subsidiary shares	(22)		(55)
Dividends paid to noncontrolling interests	(55)		(41)
Other, net	(24)		2
Cash used by financing activities—discontinued operations	(76)		(78)
Net cash used by financing activities	(1,242)		(1,350)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (includes $8 and $(11) related to discontinued operations)	(4)		(62)
Net change in cash, cash equivalents and restricted cash	(186)		(370)
Cash, cash equivalents and restricted cash at beginning of period	2,177		2,875
Cash, cash equivalents and restricted cash at end of period	1,991		2,505
Less cash, cash equivalents and restricted cash of discontinued operations at end of period	362		208
Cash, cash equivalents and restricted cash of continuing operations at end of period	$ 1,629	[1]	$ 2,297
[1]	On October 18, 2019, our U.S. mortgage insurance business paid a $250 million dividend. The cash proceeds from the dividend will be reflected in Genworth Holdings’ (“Issuer”) cash, cash equivalents and restricted cash balance in the fourth quarter of 2019.

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Statement of Cash Flows [Abstract]
Discontinued operations exchange rate effect	$ 8	$ (11)

Formation of Genworth and Basis

Formation of Genworth and Basis of Presentation	9 Months Ended
	Sep. 30, 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 a direct, 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 a direct, 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 Financial,” “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, Inc. on a consolidated basis. We operate our business through the following four operating segments: • U.S. Mortgage Insurance. • Australia Mortgage Insurance. • U.S. Life Insurance. • Runoff. non-strategic non-strategic include our variable annuity, variable life insurance, institutional, corporate-owned life insurance and other accident and health insurance products. Institutional products consist of funding agreements ​​​​​​​and funding agreements backing notes. In addition to our four 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 and discontinued operations. In August 2019, our Board of Directors approved an agreement to sell our Canada mortgage insurance business to Brookfield BBP Canada Holdings Inc (“Brookfield”), an affiliate of Brookfield Business Partners L.P. The details of the sales agreement satisfied the criteria for held-for-sale accounting in the third quarter of 2019, such as the business is available for immediate sale and the sale is anticipated to occur during the next 12 months. In the third quarter of 2019, we recorded an estimated loss to reduce the carrying value of the business to the fair value less cost to sell. Our Canada mortgage insurance business, previously the only business in the Canada Mortgage Insurance segment, is reported as discontinued operations and its financial position, results of operations and cash flows are separately reported for all periods presented. All prior periods reflected herein have been re-presented on this basis. See note 12 for additional information. Unless otherwise indicated, references to the condensed consolidated balance sheets, the condensed consolidated statements of income, the condensed consolidated statements of cash flows and the notes to the condensed consolidated financial statements, exclude amounts related to discontinued operations. 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	9 Months Ended
	Sep. 30, 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 condensed 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 did not have a significant impact on our condensed 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 right-of-use de-recognized right-of-use and did not have a significant impact on our condensed consolidated balance sheet as of September 30, 2019. The initial measurement of our right-of-use asset had no significant initial direct costs, prepaid lease payments or lease incentives; therefore, a cumulative-effect adjustment was not recorded to the opening retained earnings balance as a result of the change in accounting principle. Our leased assets are predominantly classified as operating leases and consist of office space in 12 locations primarily in the United States 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 non-lease Our aggregate annual rental expense for all leases under the previous guidance was approximately $11 million, including amounts related to our Canada mortgage insurance business which were classified as held for sale during the third quarter of 2019. Annual rental expense and future minimum lease payments are not significantly different under this new accounting guidance. Accounting Pronouncements Not Yet Adopted In August 2018, the Financial Accounting Standards Board (“the FASB”) issued new accounting guidance that significantly changes the recognition and measurement of long-duration insurance contracts and expands disclosure requirements, which impacts our life insurance deferred acquisition costs (“DAC”) and liabilities. In accordance with the guidance, the more significant changes include: • assumptions will no longer be locked-in catch-up • 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 • 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 related to instrument-specific credit risk recorded in other comprehensive income (loss) and remaining 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. We expect the guidance to be effective for us on January 1, 2022 using the modified retrospective method, with early adoption permitted. Given the nature and extent of the changes to our operations, this guidance is expected to have a significant impact on our condensed 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 condensed 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 do not expect a significant impact from this guidance on our condensed 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 recoverables. The new guidance retains most of the existing impairment guidance for available-for-sale instrument-by-instrument

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share	(3) Earnings ( Loss ) Basic and diluted earnings (loss) per share are calculated by dividing each income (loss) category presented below by the weighted-average basic and diluted common shares outstanding for the periods indicated: Three months ended Nine months ended (Amounts in millions, except per share amounts) 2019 2018 2019 2018 Weighted-average shares used in basic earnings per share calculations 503.5 500.7 502.7 500.3 Potentially dilutive securities: Stock options, restricted stock units and stock appreciation rights 7.7 2.6 6.8 2.6 Weighted-average shares used in diluted earnings per share calculations 511.2 503.3 509.5 502.9 Income from continuing operations: Income from continuing operations $ 138 $ 105 $ 464 $ 340 Less: net income from continuing operations attributable to noncontrolling interests 10 18 45 62 Income from continuing operations available to Genworth Financial, Inc.’s common $ 128 $ 87 $ 419 $ 278 Basic per share $ 0.25 $ 0.17 $ 0.83 $ 0.56 Diluted per share $ 0.25 $ 0.17 $ 0.82 $ 0.55 Income (loss) from discontinued operations: Income (loss) from discontinued operations, net of taxes $ (80 ) $ 105 $ 42 $ 284 Less: net income from discontinued operations, net of taxes, attributable to noncontrolling 30 46 101 114 Income (loss) from discontinued operations available to Genworth Financial, Inc.’s common stockholders $ (110 ) $ 59 $ (59 ) $ 170 Basic per share $ (0.22 ) $ 0.12 $ (0.12 ) $ 0.34 Diluted per share $ (0.21 ) $ 0.12 $ (0.12 ) $ 0.34 Net income: Income from continuing operations $ 138 $ 105 $ 464 $ 340 Income (loss) from discontinued operations, net of taxes (80 ) 105 42 284 Net income 58 210 506 624 Less: net income attributable to noncontrolling interests 40 64 146 176 Net income available to Genworth Financial, Inc.’s common stockholders $ 18 $ 146 $ 360 $ 448 Basic per share (1) $ 0.04 $ 0.29 $ 0.72 $ 0.89 Diluted per share (1) $ 0.04 $ 0.29 $ 0.71 $ 0.89 (1) May not total due to whole number calculation.

Investments

Investments	9 Months Ended
	Sep. 30, 2019
Investments	(4) Investments (a) Net Investment Income Sources of net investment income were as follows for the periods indicated: Three months ended Nine months (Amounts in millions) 2019 2018 2019 2018 Fixed maturity securities—taxable $ 631 $ 613 $ 1,878 $ 1,839 Fixed maturity securities—non-taxable 2 3 6 9 Equity securities 4 6 13 16 Commercial mortgage loans 86 81 251 240 Restricted commercial mortgage loans related to a securitization entity 1 1 3 5 Policy loans 47 41 138 125 Other invested assets 62 44 180 136 Cash, cash equivalents, restricted cash and short-term investments 8 12 30 37 Gross investment income before expenses and fees 841 801 2,499 2,407 Expenses and fees (25 ) (21 ) (73 ) (65 ) Net investment income $ 816 $ 780 $ 2,426 $ 2,342 (b) Net Investment Gains (Losses) The following table sets forth net investment gains (losses) for the periods indicated: Three months ended Nine months ended (Amounts in millions) 2018 2019 2018 Available-for-sale Realized gains $ 19 $ 21 $ 93 $ 38 Realized losses (3 ) (30 ) (30 ) (62 ) Net realized gains (losses) on available-for-sale 16 (9 ) 63 (24 ) Impairments: Total other-than-temporary impairments — — — — Portion of other-than-temporary impairments included inother comprehensive income — — — — Net other-than-temporary impairments — — — — Net realized gains (losses) on equity securities sold 6 — 9 10 Net unrealized gains (losses) on equity securities still held (4 ) (2 ) 13 (11 ) Limited partnerships 6 3 10 8 Commercial mortgage loans (1 ) — (1 ) — Derivative instruments (1) (29 ) (8 ) (71 ) (14 ) Other 4 — 4 — Net investment gains (losses) $ (2 ) $ (16 ) $ 27 $ (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 September 30, 2019 and 2018 was $107 million and $714 million, respectively, which was approximately 96% of book value for both periods. The aggregate fair value of securities sold at a loss during the nine months ended September 30, 2019 and 2018 was $1,112 million and $1,767 million, respectively, which was approximately 97 % . 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 periods indicated: As of or for the As of or for (Amounts in millions) 2019 2018 2019 2018 Beginning balance $ 23 $ 25 $ 24 $ 32 Reductions: Securities sold, paid down or disposed — — (1 ) (7 ) Ending balance $ 23 $ 25 $ 23 $ 25 (c) Unrealized Investment Gains and Losses Net unrealized gains and losses on available-for-sale (Amounts in millions) September 30, December 31, 2018 Net unrealized gains (losses) on fixed maturity (1) $ 7,263 $ 1,775 Adjustments to deferred acquisition costs, present value of (4,998 ) (952 ) Income taxes, net (505 ) (190 ) Net unrealized investment gains (losses) 1,760 633 Less: net unrealized investment gains (losses) attributable 85 38 Net unrealized investment gains (losses) attributable to $ 1,675 $ 595 (1) Excludes foreign exchange. The change in net unrealized gains (losses) on available-for-sale As of or for the three months ended (Amounts in millions) 2019 2018 Beginning balance $ 1,305 $ 736 Unrealized gains (losses) arising during the period: Unrealized gains (losses) on fixed maturity securities 1,607 (564 ) Adjustment to deferred acquisition costs (8 ) 292 Adjustment to present value of future profits 1 9 Adjustment to sales inducements (4 ) 3 Adjustment to benefit reserves (1,108 ) 65 Provision for income taxes (104 ) 54 Change in unrealized gains (losses) on investment securities 384 (141 ) Reclassification adjustments to net investment (gains) losses, net of taxes of $4 and $(2) (13 ) 7 Change in net unrealized investment gains (losses) 371 (134 ) Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests 1 (6 ) Ending balance $ 1,675 $ 608 As of or for the (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 fixed maturity securities 5,563 (3,150 ) Adjustment to deferred acquisition costs (1,049 ) 1,201 Adjustment to present value of future profits (54 ) 65 Adjustment to sales inducements (35 ) 32 Adjustment to benefit reserves (2,908 ) 967 Provision for income taxes (331 ) 203 Change in unrealized gains (losses) on investment securities 1,186 (682 ) Reclassification adjustments to net investment (gains) losses, net of taxes of $16 and $(5) (59 ) 20 Change in net unrealized investment gains (losses) 1,127 (662 ) Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests 47 (21 ) Ending balance $ 1,675 $ 608 Amounts reclassified out of accumulated other comprehensive income (loss) to net investment gains (losses) include realized gains (losses) on sales of securities, which are determined on a specific identification basis. (d) Fixed Maturity Securities As of September 30, 2019, the amortized cost or cost, gross unrealized gains (losses) and fair value of our fixed maturity securities classified as available-for-sale 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 $ 4,117 $ 1,137 $ — $ — $ — $ 5,254 State and political subdivisions 2,304 425 — — — 2,729 Non-U.S. 1,229 130 — — — 1,359 U.S. corporate: Utilities 4,327 731 — (1 ) — 5,057 Energy 2,480 291 — (13 ) — 2,758 Finance and insurance 7,062 798 — (5 ) — 7,855 Consumer—non-cyclical 4,949 797 — (14 ) — 5,732 Technology and communications 2,861 351 — (1 ) — 3,211 Industrial 1,301 118 — (1 ) — 1,418 Capital goods 2,348 374 — (2 ) — 2,720 Consumer—cyclical 1,679 175 — (4 ) — 1,850 Transportation 1,281 189 — (1 ) — 1,469 Other 318 36 — — — 354 Total U.S. corporate 28,606 3,860 — (42 ) — 32,424 Non-U.S. Utilities 841 55 — — — 896 Energy 1,204 186 — (1 ) — 1,389 Finance and insurance 2,126 222 — — — 2,348 Consumer—non-cyclical 647 56 — (4 ) — 699 Technology and communications 1,007 126 — — — 1,133 Industrial 900 94 — — — 994 Capital goods 619 41 — — — 660 Consumer—cyclical 363 23 — — — 386 Transportation 640 89 — (1 ) — 728 Other 1,249 175 — (1 ) — 1,423 Total non-U.S. 9,596 1,067 — (7 ) — 10,656 Residential mortgage-backed 2,131 230 14 — — 2,375 Commercial mortgage-backed 2,866 209 — (4 ) — 3,071 Other asset-backed 3,333 39 — (7 ) — 3,365 Total available-for-sale $ 54,182 $ 7,097 $ 14 $ (60 ) $ — $ 61,233 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 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. 1,232 44 — (8 ) — 1,268 U.S. corporate: Utilities 4,439 331 — (95 ) — 4,675 Energy 2,375 101 — (64 ) — 2,412 Finance and insurance 6,691 249 — (132 ) — 6,808 Consumer—non-cyclical 4,879 294 — (137 ) — 5,036 Technology and communications 2,809 110 — (78 ) — 2,841 Industrial 1,213 41 — (33 ) — 1,221 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 27,934 1,446 — (682 ) — 28,698 Non-U.S. Utilities 838 12 — (29 ) — 821 Energy 1,170 71 — (20 ) — 1,221 Finance and insurance 2,071 71 — (36 ) — 2,106 Consumer—non-cyclical 706 8 — (24 ) — 690 Technology and communications 1,043 21 — (24 ) — 1,040 Industrial 896 36 — (16 ) — 916 Capital goods 571 10 — (9 ) — 572 Consumer—cyclical 322 1 — (10 ) — 313 Transportation 580 44 — (14 ) — 610 Other 1,414 85 — (18 ) — 1,481 Total non-U.S. 9,611 359 — (200 ) — 9,770 Residential mortgage-backed 2,460 159 13 (14 ) — 2,618 Commercial mortgage-backed 3,054 43 — (81 ) — 3,016 Other asset-backed 3,048 10 1 (23 ) — 3,036 Total available-for-sale $ 53,920 $ 2,702 $ 14 $ (1,047 ) $ — $ 55,589 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 September 30, 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. corporate $ 437 $ (9 ) 79 $ 490 $ (33 ) 60 $ 927 $ (42 ) 139 Non-U.S. 49 (2 ) 15 60 (5 ) 7 109 (7 ) 22 Commercial mortgage-backed — — — 13 (4 ) 3 13 (4 ) 3 Other asset-backed 767 (3 ) 168 288 (4 ) 67 1,055 (7 ) 235 Total for fixed maturity securities inan $ 1,253 $ (14 ) 262 $ 851 $ (46 ) 137 $ 2,104 $ (60 ) 399 % Below cost: <20% Below cost $ 1,253 $ (14 ) 262 $ 796 $ (26 ) 132 $ 2,049 $ (40 ) 394 20%-50% — — — 52 (17 ) 4 52 (17 ) 4 >50% Below cost — — — 3 (3 ) 1 3 (3 ) 1 Total for fixed maturity securities inan unrealized loss position $ 1,253 $ (14 ) 262 $ 851 $ (46 ) 137 $ 2,104 $ (60 ) 399 Investment grade $ 1,172 $ (8 ) 251 $ 725 $ (24 ) 122 $ 1,897 $ (32 ) 373 Below investment grade 81 (6 ) 11 126 (22 ) 15 207 (28 ) 26 Total for fixed maturity securities inan $ 1,253 $ (14 ) 262 $ 851 $ (46 ) 137 $ 2,104 $ (60 ) 399 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 September 30, 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 $ — $ — — $ 62 $ (1 ) 10 $ 62 $ (1 ) 10 Energy 82 (5 ) 20 84 (8 ) 11 166 (13 ) 31 Finance and insurance 218 (2 ) 35 65 (3 ) 7 283 (5 ) 42 Consumer—non-cyclical 63 (1 ) 16 127 (13 ) 13 190 (14 ) 29 Technology andcommunications — — — 26 (1 ) 4 26 (1 ) 4 Industrial 74 (1 ) 8 — — — 74 (1 ) 8 Capital goods — — — 33 (2 ) 4 33 (2 ) 4 Consumer—cyclical — — — 62 (4 ) 8 62 (4 ) 8 Transportation — — — 31 (1 ) 3 31 (1 ) 3 Subtotal, U.S. corporate 437 (9 ) 79 490 (33 ) 60 927 (42 ) 139 Non-U.S. Energy 17 (1 ) 3 — — — 17 (1 ) 3 Consumer—non-cyclical 32 (1 ) 12 30 (3 ) 3 62 (4 ) 15 Transportation — — — 24 (1 ) 3 24 (1 ) 3 Other — — — 6 (1 ) 1 6 (1 ) 1 Subtotal, non-U.S. 49 (2 ) 15 60 (5 ) 7 109 (7 ) 22 Total for corporate securities in anunrealized loss position $ 486 $ (11 ) 94 $ 550 $ (38 ) 67 $ 1,036 $ (49 ) 161 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 Number Gross Number Gross Number Fair unrealized of Fair unrealized of Fair unrealized of (Dollar amounts in millions) value losses securities value losses securities value losses securities Description of Securities Fixed maturity securities: U.S. government, agenciesand government-sponsored enterprises $ 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. 177 (6 ) 26 119 (2 ) 18 296 (8 ) 44 U.S. corporate 9,956 (472 ) 1,338 2,440 (210 ) 363 12,396 (682 ) 1,701 Non-U.S. 3,684 (142 ) 502 664 (58 ) 96 4,348 (200 ) 598 Residential mortgage-backed 334 (6 ) 52 303 (8 ) 70 637 (14 ) 122 Commercial mortgage-backed 758 (19 ) 115 870 (62 ) 130 1,628 (81 ) 245 Other asset-backed 1,252 (17 ) 258 604 (6 ) 137 1,856 (23 ) 395 Total for fixed maturity securities in $ 17,077 $ (680 ) 2,371 $ 5,394 $ (367 ) 897 $ 22,471 $ (1,047 ) 3,268 % Below cost: <20% Below cost $ 17,043 $ (670 ) 2,367 $ 5,340 $ (349 ) 887 $ 22,383 $ (1,019 ) 3,254 20%-50% 34 (10 ) 4 54 (18 ) 10 88 (28 ) 14 Total for fixed maturity securities in $ 17,077 $ (680 ) 2,371 $ 5,394 $ (367 ) 897 $ 22,471 $ (1,047 ) 3,268 Investment grade $ 15,762 $ (601 ) 2,180 $ 5,224 $ (345 ) 866 $ 20,986 $ (946 ) 3,046 Below investment grade 1,315 (79 ) 191 170 (22 ) 31 1,485 (101 ) 222 Total for fixed maturity securities in $ 17,077 $ (680 ) 2,371 $ 5,394 $ (367 ) 897 $ 22,471 $ (1,047 ) 3,268 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 Number Gross Number Gross Number Fair unrealized of Fair unrealized of Fair unrealized 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 940 (47 ) 134 152 (17 ) 23 1,092 (64 ) 157 Finance and insurance 2,393 (92 ) 326 679 (40 ) 93 3,072 (132 ) 419 Consumer—non-cyclical 1,819 (101 ) 202 389 (36 ) 55 2,208 (137 ) 257 Technology andcommunications 1,130 (51 ) 151 263 (27 ) 34 1,393 (78 ) 185 Industrial 503 (27 ) 62 74 (6 ) 13 577 (33 ) 75 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 9,956 (472 ) 1,338 2,440 (210 ) 363 12,396 (682 ) 1,701 Non-U.S. Utilities 359 (18 ) 44 103 (11 ) 9 462 (29 ) 53 Energy 406 (15 ) 56 60 (5 ) 10 466 (20 ) 66 Finance and insurance 792 (24 ) 128 169 (12 ) 27 961 (36 ) 155 Consumer—non-cyclical 374 (16 ) 49 79 (8 ) 9 453 (24 ) 58 Technology andcommunications 572 (23 ) 61 26 (1 ) 6 598 (24 ) 67 Industrial 264 (11 ) 44 65 (5 ) 6 329 (16 ) 50 Capital goods 214 (7 ) 24 57 (2 ) 10 271 (9 ) 34 Consumer—cyclical 204 (9 ) 30 20 (1 ) 3 224 (10 ) 33 Transportation 189 (6 ) 24 36 (8 ) 6 225 (14 ) 30 Other 310 (13 ) 42 49 (5 ) 10 359 (18 ) 52 Subtotal, non-U.S. 3,684 (142 ) 502 664 (58 ) 96 4,348 (200 ) 598 Total for corporate securities in $ 13,640 $ (614 ) 1,840 $ 3,104 $ (268 ) 459 $ 16,744 $ (882 ) 2,299 The scheduled maturity distribution of fixed maturity securities as of September 30, 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. (Amounts in millions) Amortized Fair Due one year or less $ 1,574 $ 1,587 Due after one year through five years 9,269 9,655 Due after five years through ten years 11,336 12,387 Due after ten years 23,673 28,793 Subtotal 45,852 52,422 Residential mortgage-backed 2,131 2,375 Commercial mortgage-backed 2,866 3,071 Other asset-backed 3,333 3,365 Total $ 54,182 $ 61,233 As of September 30, 2019, securities issued by finance and insurance, consumer—non-cyclical, As of September 30, 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 credit 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: September 30, 2019 December 31, 2018 (Amounts in millions) Carrying % of Carrying % of Property type: Retail $ 2,619 37 % $ 2,463 37 % Industrial 1,693 24 1,659 25 Office 1,651 24 1,548 23 Apartments 516 7 495 7 Mixed use 249 4 254 4 Other 268 4 281 4 Subtotal 6,996 100 % 6,700 100 % Unamortized balance of loan origination fees and costs (4 ) (4 ) Allowance for credit losses (12 ) (9 ) Total $ 6,980 $ 6,687 September 30, 2019 December 31, 2018 (Amounts in millions) Carrying % of Carrying % of Geographic region: South Atlantic $ 1,731 25 % $ 1,709 26 % Pacific 1,673 24 1,684 25 Middle Atlantic 1,002 14 950 14 Mountain 727 10 667 10 West North Central 488 7 470 7 East North Central 457 7 405 6 West South Central 444 6 364 6 New England 259 4 228 3 East South Central 215 3 223 3 Subtotal 6,996 100 % 6,700 100 % Unamortized balance of loan origination fees and costs (4 ) (4 ) Allowance for credit losses (12 ) (9 ) Total $ 6,980 $ 6,687 The following tables set forth the aging of past due commercial mortgage loans by property type as of the dates indicated: September 30, 2019 (Amounts in millions) 31 - 60 days 61 - 90 days Greater than Total Current Total Property type: Retail $ — $ — $ — $ — $ 2,619 $ 2,619 Industrial — — — — 1,693 1,693 Office — — — — 1,651 1,651 Apartments — — — — 516 516 Mixed use — — — — 249 249 Other — — — — 268 268 Total recorded investment $ — $ — $ — $ — $ 6,996 $ 6,996 % of total commercial mortgage loans — % — % — % — % 100 % 100 % December 31, 2018 (Amounts in millions) 31 - 60 days 61 - 90 days Greater than Total 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 % As of September 30, 2019 and December 31, 2018, we had no commercial mortgage loans that were past due for more than 90 days and still accruing interest. We also did not have any commercial mortgage loans that were past due for less than 90 days on non-accrual We evaluate the impairment of commercial mortgage loans on an individual loan basis. As of September 30, 2019, none of our commercial mortgage loans were greater than 90 days past due. As of 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. During the nine months ended September 30, 2019 and the year ended December 31, 2018, we also modified or extended two loans in each period, with a total carrying value of $16 million and $12 million, respectively. All of these modifications or extensions were based on current market interest rates, did not result in any forgiveness of the outstanding principal amount owed by the borrower and were not considered troubled debt restructurings. 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 Nine months ended (Amounts in millions) 2019 2018 2019 2018 Allowance for credit losses: Beginning balance $ 11 $ 9 $ 9 $ 9 Charge-offs — — — — Recoveries — — — — Provision 1 — 3 — Ending balance $ 12 $ 9 $ 12 $ 9 Ending allowance for individually impaired loans $ — $ — $ — $ — Ending allowance for loans not individually impaired that were evaluated collectively for impairment $ 12 $ 9 $ 12 $ 9 Recorded investment: Ending balance $ 6,996 $ 6,581 $ 6,996 $ 6,581 Ending balance of individually impaired loans $ — $ 6 $ — $ 6 Ending balance of loans not individually impaired that were evaluated collectively for impairment $ 6,996 $ 6,575 $ 6,996 $ 6,575 As of September 30, 2019, we had no individually impaired loans. As of December 31, 2018, we had one individually impaired loan within the office property type with a recorded investment and unpaid principal balance of $3 million and as of September 30, 2018, this individually impaired loan had a recorded investment and 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 September 30, 2019 (Amounts in millions) 0% - 51% - 61% - 76% - Greater than 100% (1) Total Property type: Retail $ 820 $ 543 $ 1,241 $ 15 $ — $ 2,619 Industrial 695 303 679 14 2 1,693 Office 556 367 728 — — 1,651 Apartments 194 95 222 5 — 516 Mixed use 95 38 116 — — 249 Other 42 67 159 — — 268 Total recorded investment $ 2,402 $ 1,413 $ 3,145 $ 34 $ 2 $ 6,996 % of total 34 % 20 % 45 % 1 % — % 100 % Weighted-average debt service coverage ratio 2.40 1.84 1.58 1.46 0.88 1.91 (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 December 31, 2018 (Amounts in millions) 0% - 50% 51% - 61% - 76% - Greater 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 The following tables set forth the debt service coverage ratio for fixed rate commercial mortgage loans by property type as of the dates indicated: September 30, 2019 (Amounts in millions) Less 1.00 - 1.26 - 1.51 - Greater Total Property type: Retail $ 34 $ 144 $ 636 $ 1,241 $ 564 $ 2,619 Industrial 21 67 258 719 628 1,693 Office 50 46 222 825 508 1,651 Apartments 4 23 106 190 193 516 Mixed use — 21 51 82 95 249 Other 12 131 52 39 34 268 Total recorded investment $ 121 $ 432 $ 1,325 $ 3,096 $ 2,022 $ 6,996 % of total 2 % 6 % 19 % 44 % 29 % 100 % Weighted-average loan-to-value 55 % 60 % 64 % 59 % 42 % 55 % December 31, 2018 (Amounts in millions) Less 1.00 - 1.26 - 1.51 - Greater 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 limited 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	9 Months Ended
	Sep. 30, 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 (Amounts in millions) Balance sheet September 30, December 31, Balance sheet September 30, December 31, Derivatives designated as Cash flow hedges: Interest rate swaps Other invested assets $ 402 $ 42 Other liabilities $ — $ 102 Foreign currency swaps Other invested assets 10 6 Other liabilities — — Total cash flow hedges 412 48 — 102 Total derivatives 412 48 — 102 Derivatives not designated as Equity index options Other invested assets 62 39 Other liabilities — — Financial futures Other invested assets — — Other liabilities — — Other foreign currency Other invested assets 13 10 Other liabilities 4 7 GMWB embeddedderivatives Reinsurance recoverable (1) 25 20 Policyholder account balances (2) 381 337 Fixed index annuity embedded Other assets — — Policyholder account balances (3) 444 389 Indexed universal lifeembedded Reinsurance recoverable — — Policyholder account balances (4) 18 12 Total derivatives not 100 69 847 745 Total derivatives $ 512 $ 117 $ 847 $ 847 (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 embedded derivatives, 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: (Notional in millions) Measurement December 31, Additions Maturities/ September 30, Derivatives designated as hedges Cash flow hedges: Interest rate swaps Notional $ 9,924 $ 1,414 $ (2,313 ) $ 9,025 Foreign currency swaps Notional 80 52 (22 ) 110 Total cash flow hedges 10,004 1,466 (2,335 ) 9,135 Total derivatives designated as hedges 10,004 1,466 (2,335 ) 9,135 Derivatives not designated as hedges Interest rate swaps Notional 4,674 — — 4,674 Interest rate caps Notional 424 — — 424 Equity index options Notional 2,628 1,539 (1,730 ) 2,437 Financial futures Notional 1,415 4,335 (4,528 ) 1,222 Other foreign currency contracts Notional 646 5,436 (3,697 ) 2,385 Total derivatives not designated as hedges 9,787 11,310 (9,955 ) 11,142 Total derivatives $ 19,791 $ 12,776 $ (12,290 ) $ 20,277 (Number of policies) Measurement December 31, Additions Maturities/ September 30, Derivatives not designated as hedges GMWB embedded derivatives Policies 27,886 — (1,719 ) 26,167 Fixed index annuity embedded derivatives Policies 16,464 — (698 ) 15,766 Indexed universal life embedded derivatives Policies 929 — (34 ) 895 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 (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ 406 $ 41 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging assets — 4 Net investment gains (losses) — Net investment gains (losses) Interest rate swaps hedging liabilities (23 ) — Interest expense — Net investment gains (losses) Foreign currency swaps 5 1 Net investment income — Net investment gains (losses) Total $ 388 $ 46 $ — The following table provides information about the pre-tax (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ (164 ) $ 38 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging liabilities 9 — Interest expense — Net investment gains (losses) Foreign currency swaps 1 — Net investment income — Net investment gains (losses) Total $ (154 ) $ 38 $ — The following table provides information about the pre-tax (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ 759 $ 121 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 (55 ) — Interest expense — Net investment gains (losses) Foreign currency swaps 4 — Net investment income — Net investment gains (losses) Foreign currency swaps — — Net investment gains (losses) 2 Net investment gains (losses) Total $ 708 $ 127 $ 2 The following table provides information about the pre-tax (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ (391 ) $ 112 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 31 — Interest expense — Net investment gains (losses) Foreign currency swaps 1 — Net investment income — Net investment gains (losses) Total $ (359 ) $ 117 $ — The following tables provide 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 (Amounts in millions) 2019 2018 Derivatives qualifying as effective accounting hedges as of July 1 $ 1,983 $ 1,863 Current period increases (decreases) in fair value, net of deferred taxes of $(82) and $32 306 (122 ) Reclassification to net (income), net of deferred taxes of $16 and $14 (30 ) (24 ) Derivatives qualifying as effective accounting hedges as of September 30 $ 2,259 $ 1,717 Nine months (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 $(148) and $75 560 (287 ) Reclassification to net (income), net of deferred taxes of $45 and $42 (82 ) (75 ) Derivatives qualifying as effective accounting hedges as of September 30 $ 2,259 $ 1,717 The total of derivatives designated as cash flow hedges of $2,259 million, net of taxes, recorded in stockholders’ equity as of September 30, 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, $115 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 nine months ended September 30, 2019 and 2018, we reclassified net gains of $4 million and $6 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 Three months ended September 30, Classification of gain (loss) recognized (Amounts in millions) 2019 2018 in net income Interest rate swaps $ (2 ) $ 2 Net investment gains (losses) Equity index options 1 19 Net investment gains (losses) Financial futures 35 (42 ) Net investment gains (losses) Other foreign currency contracts (10 ) — Net investment gains (losses) GMWB embedded derivatives (44 ) 39 Net investment gains (losses) Fixed index annuity embedded derivatives (14 ) (29 ) Net investment gains (losses) Indexed universal life embedded derivatives 1 3 Net investment gains (losses) Total derivatives not designated as $ (33 ) $ (8 ) Nine months ended September 30, Classification of gain (loss) recognized (Amounts in millions) 2019 2018 in net income Interest rate swaps $ (6 ) $ (1 ) Net investment gains (losses) Equity index options 28 12 Net investment gains (losses) Financial futures 8 (79 ) Net investment gains (losses) Equity return swaps — (4 ) Net investment gains (losses) Other foreign currency contracts (17 ) 13 Net investment gains (losses) GMWB embedded derivatives (21 ) 66 Net investment gains (losses) Fixed index annuity embedded derivatives (72 ) (36 ) Net investment gains (losses) Indexed universal life embedded derivatives 1 10 Net investment gains (losses) Total derivatives not designated as $ (79 ) $ (19 ) 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: September 30, 2019 December 31, 2018 (Amounts in millions) Derivatives assets (1) Derivatives liabilities (1) Net Derivatives assets (1) Derivatives liabilities (1) Net Amounts presented in the balance sheet: Gross amounts recognized $ 487 $ 4 $ 483 $ 97 $ 109 $ (12 ) Gross amounts offset in the balance sheet — — — — — — Net amounts presented in the balance sheet 487 4 483 97 109 (12 ) Gross amounts not offset in the balance sheet: Financial instruments (2) (1 ) (1 ) — (8 ) (8 ) — Collateral received (312 ) — (312 ) (54 ) — (54 ) Collateral pledged — (383 ) 383 — (535 ) 535 Over collateralization 6 379 (373 ) — 434 (434 ) Net amount $ 180 $ (1 ) $ 181 $ 35 $ — $ 35 (1) Does not include amounts related to embedded derivatives as of September 30, 2019 and December 31, 2018. (2) 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 Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 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: September 30, 2019 Notional Carrying Fair value (Amounts in millions) amount amount Total Level 1 Level 2 Level 3 Assets: Commercial mortgage loans (1) $ 6,980 $ 7,286 $ — $ — $ 7,286 Restricted commercial mortgage loans (1) 53 58 — — 58 Other invested assets: Bank loan investments (1) 353 351 — — 351 Liabilities: Long-term borrowings (1) 3,706 3,469 — 3,333 136 Non-recourse (1) 311 210 — — 210 Investment contracts (1) 11,987 12,919 — — 12,919 Other firm commitments: Commitments to fund limited partnerships 1,009 — — — — — Commitments to fund bank loan investments 51 — — — — — Ordinary course of business lending 103 — — — — — 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 Other invested assets: Bank loan investments (1) 248 248 — — 248 Liabilities: Long-term borrowings (1) 3,707 3,251 — 3,108 143 Non-recourse (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 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 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. 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 or 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 September 30, 2019: (Amounts in millions) Fair value Primary methodologies Significant inputs U.S. government, agencies and government-sponsored enterprises $ 5,254 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 $ 2,657 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. $ 1,344 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 $ 29,081 Multi-dimensional attribute-based modeling systems, broker quotes, price quotes from market makers, 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. $ 8,389 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 $ 2,343 OAS-based 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 $ 2,965 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 $ 3,235 Multi-dimensional attribute-based modeling systems, spread matrix priced to swap curves, price quotes from market makers 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: non-U.S. non-U.S. 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: non-U.S. • Broker quotes: non-U.S. 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 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 non-performance non-performance To determine the appropriate discount rate to reflect the non-performance non-performance non-performance 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 non-performance 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 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 Derivatives We consider counterparty collateral arrangements and rights of set-off non-performance non-performance non-performance Interest rate swaps. Interest rate caps. 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: September 30, 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 $ 5,254 $ — $ 5,254 $ — $ — State and political subdivisions 2,729 — 2,657 72 — Non-U.S. 1,359 — 1,359 — — U.S. corporate: Utilities 5,057 — 4,233 824 — Energy 2,758 — 2,623 135 — Finance and insurance 7,855 — 7,243 612 — Consumer—non-cyclical 5,732 — 5,634 98 — Technology and communications 3,211 — 3,161 50 — Industrial 1,418 — 1,378 40 — Capital goods 2,720 — 2,620 100 — Consumer—cyclical 1,850 — 1,674 176 — Transportation 1,469 — 1,412 57 — Other 354 — 186 168 — Total U.S. corporate 32,424 — 30,164 2,260 — Non-U.S. Utilities 896 — 499 397 — Energy 1,389 — 1,124 265 — Finance and insurance 2,348 — 2,151 197 — Consumer—non-cyclical 699 — 635 64 — Technology and communications 1,133 — 1,105 28 — Industrial 994 — 917 77 — Capital goods 660 — 481 179 — Consumer—cyclical 386 — 249 137 — Transportation 728 — 528 200 — Other 1,423 — 1,292 131 — Total non-U.S. 10,656 — 8,981 1,675 — Residential mortgage-backed 2,375 — 2,343 32 — Commercial mortgage-backed 3,071 — 2,965 106 — Other asset-backed 3,365 — 3,235 130 — Total fixed maturity securities 61,233 — 56,958 4,275 — Equity securities 239 62 123 54 — Other invested assets: Derivative assets: Interest rate swaps 402 — 402 — — Foreign currency swaps 10 — 10 — — Equity index options 62 — — 62 — Other foreign currency contracts 13 — 13 — — Total derivative assets 487 — 425 62 — Securities lending collateral 62 — 62 — — Short-term investments 210 — 210 — — Limited partnerships 443 — — — 443 Total other invested assets 1,202 — 697 62 443 Reinsurance recoverable (2) 25 — — 25 — Separate account assets 6,005 6,005 — — — Total assets $ 68,704 $ 6,067 $ 57,778 $ 4,416 $ 443 (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. 1,268 — 1,268 — — U.S. corporate: Utilities 4,675 — 4,032 643 — Energy 2,412 — 2,291 121 — Finance and insurance 6,808 — 6,274 534 — Consumer—non-cyclical 5,036 — 4,963 73 — Technology and communications 2,841 — 2,791 50 — Industrial 1,221 — 1,182 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 28,698 — 26,700 1,998 — Non-U.S. Utilities 821 — 417 404 — Energy 1,221 — 1,004 217 — Finance and insurance 2,106 — 1,935 171 — Consumer—non-cyclical 690 — 584 106 — Technology and communications 1,040 — 1,014 26 — Industrial 916 — 855 61 — Capital goods 572 — 399 173 — Consumer—cyclical 313 — 191 122 — Transportation 610 — 439 171 — Other 1,481 — 1,400 81 — Total non-U.S. corporate 9,770 — 8,238 1,532 — Residential mortgage-backed 2,618 — 2,583 35 — Commercial mortgage-backed 3,016 — 2,921 95 — Other asset-backed 3,036 — 2,882 154 — Total fixed maturity securities 55,589 — 51,724 3,865 — Equity securities 275 153 64 58 — Other invested assets: Derivative assets: Interest rate swaps 42 — 42 — — Foreign currency swaps 6 — 6 — — Equity index options 39 — — 39 — Other foreign currency contracts 10 — 10 — — Total derivative assets 97 — 58 39 — Securities lending collateral 102 — 102 — — Short-term investments 195 — 195 — — Limited partnerships 318 — — — 318 Total other invested assets 712 — 355 39 318 Reinsurance recoverable (2) 20 — — 20 — Separate account assets 5,859 5,859 — — — Total assets $ 62,455 $ 6,012 $ 52,143 $ 3,982 $ 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 represent 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 fai r Beginning Total realized and Transfer Level 3 (1) Transfer Level 3 (1) Ending Total gains (Amounts in millions) Included net income Included Purchases Sales Issuances Settlements Fixed maturity securities: State and political subdivisions $ 61 $ — $ 11 $ — $ — $ — $ — $ — $ — $ 72 $ 1 U.S. corporate: Utilities 789 1 28 13 — — (7 ) — — 824 — Energy 122 — 2 12 — — (1 ) — — 135 — Finance and insurance 607 — 11 — — — (26 ) 20 — 612 — Consumer—non-cyclical 89 — 1 9 — — (1 ) — — 98 — Technology and 44 — 1 — — — — 5 — 50 — Industrial 40 — — — — — — — — 40 — Capital goods 98 — 2 — — — — — — 100 — Consumer—cyclical 185 — 2 — — — (2 ) — (9 ) 176 — Transportation 54 — 1 3 — — (1 ) — — 57 — Other 199 — — — — — — — (31 ) 168 — Total U.S. corporate 2,227 1 48 37 — — (38 ) 25 (40 ) 2,260 — Non-U.S. Utilities 417 — 5 — — — (25 ) — — 397 — Energy 241 — 5 31 — — (12 ) — — 265 — Finance and insurance 179 1 4 — — — (3 ) 16 — 197 1 Consumer—non-cyclical 68 — 1 — — — (5 ) — — 64 — Technology and 27 — 1 — — — — — — 28 — Industrial 64 — — 13 — — — — — 77 — Capital goods 181 — 2 — — — (4 ) — — 179 — Consumer—cyclical 126 — 2 9 — — — — — 137 — Transportation 199 — 1 — — — — — — 200 — Other 129 — 3 — — — (1 ) — — 131 — Total non-U.S. 1,631 1 24 53 — — (50 ) 16 — 1,675 1 Residential mortgage-backed 36 — 1 — — — (1 ) — (4 ) 32 — Commercial mortgage-backed 92 — 14 — — — — — — 106 — Other asset-backed 234 — — 13 — — (11 ) — (106 ) 130 — Total fixed maturity securities 4,281 2 98 103 — — (100 ) 41 (150 ) 4,275 2 Equity securities 56 — — — (2 ) — — — — 54 — Other invested assets: Derivative assets: Equity index options 65 1 — 13 — — (17 ) — — 62 — Total derivative assets 65 1 — 13 — — (17 ) — — 62 — Total other invested assets 65 1 — 13 — — (17 ) — — 62 — Reinsurance recoverable (2) 20 5 — — — — — — — 25 5 Total Level 3 assets $ 4,422 $ 8 $ 98 $ 116 $ (2 ) $ — $ (117 ) $ 41 $ (150 ) $ 4,416 $ 7 (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. Total gains (losses) Beginning Total realized and Ending included in balance unrealized gains balance net income as of (losses) Transfer Transfer as of attributable July 1, Included in Included into out of September 30, to assets (Amounts in millions) 2018 net income in OCI Purchases Sales Issuances Settlements Level 3 (1) Level 3 (1) 2018 still held Fixed maturity securities: State and political subdivisions $ 52 $ 1 $ 11 $ — $ — $ — $ — $ — $ (11 ) $ 53 $ 1 U.S. corporate: Utilities 622 — (11 ) 20 — — — — — 631 — Energy 138 — — — — — (14 ) — — 124 — Finance and insurance 458 — (2 ) 18 — — (2 ) — (3 ) 469 — Consumer—non-cyclical 79 — (1 ) — — — — — — 78 — Technology and 12 — (1 ) 1 — — — 7 (7 ) 12 — Industrial 40 — — — — — — — — 40 — Capital goods 119 — (1 ) — — — — — — 118 — Consumer—cyclical 254 — (1 ) — (1 ) — (5 ) — (7 ) 240 — Transportation 56 — — — — — (1 ) — — 55 — Other 153 — (1 ) — — — (1 ) — — 151 — Total U.S. corporate 1,931 — (18 ) 39 (1 ) — (23 ) 7 (17 ) 1,918 — Non-U.S. Utilities 333 — (3 ) — — — — — (7 ) 323 — Energy 175 — — — — — (11 ) 25 — 189 — Finance and insurance 150 1 (2 ) — — — — — — 149 1 Consumer—non-cyclical 108 — — — — — (1 ) — — 107 — Techn ology and communications 16 — — 10 — — — — — 26 — Industrial 105 — (1 ) — — — — — (25 ) 79 — Capital goods 166 — (1 ) — — — — — — 165 — Consumer—cyclical 48 — (1 ) — — — — — — 47 — Transportation 203 — (2 ) 16 — — — 1 (17 ) 201 — Other 82 — (1 ) — — — — — — 81 — Total non-U.S. 1,386 1 (11 ) 26 — — (12 ) 26 (49 ) 1,367 1 Residential mortgage-backed 34 — (1 ) — — — — 11 — 44 — Commercial mortgage-backed 44 — — 18 — — — 13 — 75 — Other asset-backed 156 — — 15 — — (18 ) 6 (18 ) 141 — Total fixed maturity securities 3,603 2 (19 ) 98 (1 ) — (53 ) 63 (95 ) 3,598 2 Equity securities 46 — — 5 (1 ) — — — — 50 — Other invested assets: Derivative assets: Equity index options 70 19 — 15 — — (25 ) — — 79 14 Total derivative assets 70 19 — 15 — — (25 ) — — 79 14 Total other invested assets 70 19 — 15 — — (25 ) — — 79 14 Reinsurance recoverable (2) 12 (2 ) — — — 1 — — — 11 (2 ) Total Level 3 assets $ 3,731 $ 19 $ (19 ) $ 118 $ (2 ) $ 1 $ (78 ) $ 63 $ (95 ) $ 3,738 $ 14 (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. The following tables present additional information about assets measured at fai r Beginning balance as of Total realized and unrealized gains (losses) Transfer Transfer Ending balance as of Total gains (losses) included in net income attributable (Amounts in millions) January 1, Included income Included in OCI Purchases Sales Issuances Settlements into Level 3 (1) out of Level 3 (1) September 30, to assets still held Fixed maturity securities: State and political subdivisions $ 51 $ 2 $ 19 $ — $ — $ — $ — $ — $ — $ 72 $ 2 U.S. corporate: Utilities 643 1 70 109 (14 ) — (47 ) 72 (10 ) 824 — Energy 121 — 9 17 — — (12 ) — — 135 — Finance and insurance 534 — 49 40 — — (38 ) 27 — 612 — Consumer—non-cyclical 73 — 4 23 — — (11 ) 9 — 98 — Technology and communications 50 — 6 — — — — 5 (11 ) 50 — Industrial 39 — 1 — — — — — — 40 — Capital goods 92 — 8 — — — — — — 100 — Consumer—cyclical 211 — 12 — (13 ) — (16 ) — (18 ) 176 — Transportation 57 — 2 7 — — (9 ) — — 57 — Other 178 — 6 22 — — (15 ) 8 (31 ) 168 — Total U.S. corporate 1,998 1 167 218 (27 ) — (148 ) 121 (70 ) 2,260 — Non-U.S. Utilities 404 — 28 30 (7 ) — (42 ) — (16 ) 397 — Energy 217 — 17 47 — — (16 ) — — 265 — Finance and insurance 171 3 22 7 — — (16 ) 16 (6 ) 197 3 Consumer—non-cyclical 106 2 5 — — — (49 ) — — 64 — Technology and communications 26 — 2 — — — — — — 28 — Industrial 61 — 3 13 — — — — — 77 — Capital goods 173 — 11 10 — — (15 ) — — 179 — Consumer—cyclical 122 — 10 9 — — (4 ) — — 137 — Transportation 171 — 10 19 — — — — — 200 — Other 81 — 11 35 — — (2 ) 6 — 131 — Total non-U.S. corporate 1,532 5 119 170 (7 ) — (144 ) 22 (22 ) 1,675 3 Residential mortgage-backed 35 — 2 — — — (1 ) — (4 ) 32 — Commercial mortgage-backed 95 — 23 2 — — — — (14 ) 106 — Other asset-backed 154 — 2 109 — — (53 ) 28 (110 ) 130 — Total fixed maturity securities 3,865 8 332 499 (34 ) — (346 ) 171 (220 ) 4,275 5 Equity securities 58 — — 2 (6 ) — — — — 54 — Other invested assets: Derivative assets: Equity index options 39 28 — 34 — — (39 ) — — 62 (2 ) Total derivative assets 39 28 — 34 — — (39 ) — — 62 (2 ) Total other invested assets 39 28 — 34 — — (39 ) — — 62 (2 ) Reinsurance recoverable (2) 20 4 — — — 1 — — — 25 4 Total Level 3 assets $ 3,982 $ 40 $ 332 $ 535 $ (40 ) $ 1 $ (385 ) $ 171 $ (220 ) $ 4,416 $ 7 (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. Beginning balance as of Total realized Transfer Transfer Ending balance Total gains (losses) included in net income (Amounts in millions) January 1, Included Included Purchases Sales Issuances Settlements into Level 3 (1) out of Level 3 (1) September 30, to assets Fixed maturity securities: U.S. government, agenciesand government-sponsored $ 1 $ — $ — $ — $ — $ — $ (1 ) $ — $ — $ — $ — State and political subdivisions 37 2 7 — — — — 18 (11 ) 53 2 U.S. corporate: Utilities 574 (1 ) (36 ) 89 (12 ) — (4 ) 25 (4 ) 631 — Energy 147 — (5 ) 22 — — (33 ) — (7 ) 124 — Finance and insurance 626 1 (69 ) 44 — — (112 ) — (21 ) 469 1 Consumer—non-cyclical 81 — (3 ) — — — — — — 78 — Technology and 73 — (6 ) 5 — — (

Liability for Policy and Contra

Liability for Policy and Contract Claims	9 Months Ended
	Sep. 30, 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 nine (Amounts in millions) 2019 2018 Beginning balance $ 10,295 $ 9,507 Less reinsurance recoverables (2,379 ) (2,419 ) Net beginning balance 7,916 7,088 Incurred related to insured events of: Current year 2,865 2,768 Prior years (237 ) (238 ) Total incurred 2,628 2,530 Paid related to insured events of: Current year (659 ) (702 ) Prior years (1,794 ) (1,738 ) Total paid (2,453 ) (2,440 ) Interest on liability for policy and contract claims 285 248 Foreign currency translation (9 ) (16 ) Net ending balance 8,367 7,410 Add reinsurance recoverables 2,413 2,352 Ending balance $ 10,780 $ 9,762 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 nine months ended September 30, 2019, the favorable development of $237 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. The favorable development for the nine months ended September 30, 2019 was also related to our U.S. mortgage insurance business predominantly from an improvement in net cures and aging of existing delinquencies, including a favorable reserve adjustment of $9 million during the second quarter of 2019. For the nine months ended September 30, 2018, the favorable development of $238 million related to insured events of prior years was primarily attributable to our long-term care insurance business from favorable claim terminations, including pending claims that terminate before becoming an active claim. The favorable development for the nine months ended September 30, 2018 was also impacted by our mortgage insurance businesses, primarily from an improvement in net cures and aging of existing claims, including a favorable reserve adjustment of $26 million in our U.S. mortgage insurance business during the second quarter of 2018.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 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 Nine months ended 2019 2018 2019 2018 Statutory U.S. federal income tax rate 21.0 % 21.0 % 21.0 % 21.0 % Increase (reduction) in rate resulting from: Swaps terminated prior to the TCJA 1.2 14.0 3.2 10.7 Provision to return adjustments (1.6 ) 0.5 (0.4 ) (1.0 ) Effect of foreign operations (0.8 ) 4.5 2.5 4.8 Nondeductible expense 0.1 1.4 0.5 1.2 TCJA, impact on foreign operations — (7.2 ) — (1.9 ) TCJA, impact from change in tax rate — — — 3.7 Valuation allowance — (8.5 ) — (3.6 ) Other, net — (3.5 ) (0.2 ) (0.4 ) Effective rate 19.9 % 22.2 % 26.6 % 34.5 % The decrease in the effective tax rate for the three and nine months ended September 30, 2019 was primarily attributable to lower tax expense in the current year related to foreign operations, as well as higher expense in the prior year related to gains on forward starting swaps settled prior to the enactment of the Tax Cuts and Jobs Act (“TCJA”) in relation to lower pre-tax income. These decreases were partially offset by prior year transactions that did not recur: a reduction in our valuation allowance and a provision to return adjustment related to the mandatory repatriation rules of the TCJA.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Information	(9) Segment Information We have the following four businesses); and Runoff (which includes the results of non-strategic We tax our international businesses at their local jurisdictional 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 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 non-operating non-recourse non-operating non-operating 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 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 30% for our Australia Mortgage Insurance segment to tax effect its adjustments. Our domestic segments remain at a 21% tax rate. In 2018, we assumed a flat 21% tax rate on adjustments for all of our segments to reconcile net income (loss) available to Genworth Financial, Inc.’s common stockholders and adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders. These adjustments are also net of the portion attributable to noncontrolling interests and net investment gains (losses) are adjusted for DAC and other intangible amortization and certain benefit reserves. Prior year amounts have not been re-presented We recorded a pre-tax 2 The following is a summary of revenues for our segments and Corporate and Other activities for the periods indicated: Three months ended Nine months ended (Amounts in millions) 2019 2018 2019 2018 Revenues: U.S. Mortgage Insurance segment $ 251 $ 214 $ 709 $ 622 Australia Mortgage Insurance segment 82 105 288 348 U.S. Life Insurance segment: Long-term care insurance 1,110 1,048 3,279 3,103 Life insurance 347 345 1,101 1,091 Fixed annuities 145 168 455 526 U.S. Life Insurance segment 1,602 1,561 4,835 4,720 Runoff segment 74 79 234 227 Corporate and Other activities 11 (7 ) (8 ) (1 ) Total revenues $ 2,020 $ 1,952 $ 6,058 $ 5,916 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 Nine months September 30, September 30, (Amounts in millions) 2019 2018 2019 2018 Net income available to Genworth Financial, Inc.’s common stockholders $ 18 $ 146 $ 360 $ 448 Add: net income from continuing operations attributable tononcontrolling interests 10 18 45 62 Add: net income from discontinued operations attributable to 30 46 101 114 Net income 58 210 506 624 Less: income ( loss (80 ) 105 42 284 Income from continuing operations 138 105 464 340 Less: net income from continuing operations attributable tononcontrolling interests 10 18 45 62 Income from continuing operations available to GenworthFinancial, Inc.’s common stockholders 128 87 419 278 Adjustments to income from continuing operations available to Net investment (gains) losses, net (1) (5 ) 14 (33 ) 26 Expenses related to restructuring — 2 4 2 Taxes on adjustments — (4 ) 6 (6 ) Adjusted operating income available to Genworth Financial, Inc.’s $ 123 $ 99 $ 396 $ 300 (1) For the three months ended September 30, 2019 and 2018, net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves of $(3) million in each period, and adjusted $ million in each period. Three months Nine months (Amounts in millions) 2019 2018 2019 2018 Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders: U.S. Mortgage Insurance segment $ 137 $ 118 $ 408 $ 366 Australia Mortgage Insurance segment 12 17 39 58 U.S. Life Insurance segment: Long-term care insurance 21 (24 ) 38 (34 ) Life insurance (25 ) (2 ) (17 ) 1 Fixed annuities 3 23 39 82 U.S. Life Insurance segment (1 ) (3 ) 60 49 Runoff segment 10 14 39 37 Corporate and Other activities (35 ) (47 ) (150 ) (210 ) Adjusted operating income available to Genworth Financial, Inc.’s common stockholders $ 123 $ 99 $ 396 $ 300 The following is a summary of total assets for our segments and Corporate and Other activities as of the dates indicated: September 30, December 31, (Amounts in millions) 2019 2018 Assets: U.S. Mortgage Insurance segment $ 4,139 $ 3,583 Australia Mortgage Insurance segment 2,390 2,534 U.S. Life Insurance segment 82,378 79,799 Runoff segment 9,931 9,963 Corporate and Other activities 1,692 29 Segment assets from continuing operations 100,530 95,908 Assets held for sale related to discontinued operations 5,123 5,015 Total assets $ 105,653 $ 100,923

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 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 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, 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. Cohen v. McInerney, et al Genworth Financial, Inc. Consolidated Derivative Litigation In October 2016, Genworth Financial, 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. In December 2017, Genworth Financial International Holdings, LLC (“GFIH”) AXA S.A. v. Genworth Financial International Holdings, LLC et al., two On March 29, 2019, AXA, FICL, FACL and Santander filed their respective responses to our amended counterclaim. On June 21, 2019, we filed an application to address certain deficiencies in AXA’s discovery production. On July 18, 2019, we reached an agreement with AXA and Santander regarding our discovery application. The hearing on liability and subrogation matters is scheduled to commence on November 4, 2019 and conclude on November 12, 2019, and the quantum hearing is scheduled to commence on March 9, 2020 and conclude on March 12, 2020. 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 non-mortality dismissed the case without prejudice, with leave for plaintiff to refile an amended complaint only if a final appellate court decision vacates the injunction and reverses the Middle District of Georgia’s opinion. On May 21, 2019, plaintiff filed its appeal and memorandum in support in the Eleventh Circuit. We filed our response to plaintiff’s appeal memorandum on July 3, 2019. Plaintiff’s appeal and our cross-appeal is now fully briefed and waiting for disposition by the Eleventh Circuit. We intend to continue to vigorously defend the dismissal of this action. In September 2018, Genworth Financial, Genworth Holdings, Genworth North America Corporation, GFIH and Genworth Life Insurance Company (“GLIC”) were named as defendants 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 On September 11, 2019, plaintiffs filed a renewed motion seeking the same relief from their August 7, 2019 motion with an exception that allows GFIH to transfer $450 million of expected proceeds from the sale of Genworth Canada through a dividend to Genworth Holdings to allow the pay off of a senior secured term loan facility dated March 7, 2018 among Genworth Holdings as the borrower, GFIH as the limited guarantor and the lending parties thereto. Oral arguments on our motion to dismiss and plaintiffs’ motion occurred on October 21, 2019. We intend to continue to vigorously defend this action. 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 On March 12, 2019, we moved to dismiss plaintiffs’ complaint. On March 26, 2019, plaintiffs filed a memorandum in opposition to our motion to dismiss, which we replied to on April 1, 2019. In July 2019, the court heard oral arguments on our motion to dismiss. On August 29, 2019, the Court issued an order granting our motion to dismiss the claim with regard to breach of contract, but denied our motion with regard to fraudulent omission, fraudulent inducement and violation of the Pennsylvania Unfair Trade Practices and Consumer Protection law. On September 20, 2019, plaintiffs filed an amended complaint, dropping Genworth Financial as a defendant and reducing their causes of action from four counts to two: fraudulent inducement by omission and violation of Pennsylvania’s Unfair Trade Practices and Consumer Protection Law (on behalf of the two named plaintiffs who are Pennsylvania residents). The trial is scheduled to commence on March 23, 2020 and conclude on April 3, 2020. The parties have been engaging in a mediation process for the past several weeks, and on October 22, 2019, reached an agreement in principle to settle this matter on a nationwide basis . The parties will need to enter into a definitive settlement agreement, file for approval of the settlement with the Court, and have the Court approve the settlement in order to finalize the settlement of this matter, and no assurance can be given that a final settlement will be reached. If we enter into a settlement agreement consistent with the agreement in principle we reached on October 22, 2019​​​​​​​, we do not anticipate the result to have a material negative impact on our results of operations or financial position. If we do not enter into a final settlement, we intend to continue to vigorously defend this action. 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 September 30, 2019, we were committed to fund $1,009 million in limited partnership investments, $24 million in U.S. commercial mortgage loan investments and $79 million in private placement investments. As of September 30, 2019, we were also committed to fund $51 million of bank loan investments which had not yet been drawn.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2019
Changes In Accumulated Other Comprehensive Income (Loss)	(11) Changes in Accumulated Other Comprehensive Income (Loss) The following tables show the changes in accumulated other comprehensive income (loss), net of taxes, by component as of and for the periods indicated: (Amounts in millions) Net (losses) (1) Derivatives hedges (2) Foreign Total Balances as of July 1, 2019 $ 1,305 $ 1,983 $ (275 ) $ 3,013 OCI before reclassifications 384 306 (64 ) 626 Amounts reclassified from (to) OCI (13 ) (30 ) — (43 ) Current period OCI 371 276 (64 ) 583 Balances as of September 30, 2019 before noncontrolling interests 1,676 2,259 (339 ) 3,596 Less: change in OCI attributable to noncontrolling interests 1 — (27 ) (26 ) Balances as of September 30, 2019 $ 1,675 $ 2,259 $ (312 ) $ 3,622 (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. (Amounts in millions) Net (losses) (1) Derivatives hedges (2) Foreign Total Balances as of July 1, 2018 $ 736 $ 1,863 $ (272 ) $ 2,327 OCI before reclassifications (141 ) (122 ) 20 (243 ) Amounts reclassified from (to) OCI 7 (24 ) — (17 ) Current period OCI (134 ) (146 ) 20 (260 ) Balances as of September 30, 2018 before noncontrolling interests 602 1,717 (252 ) 2,067 Less: change in OCI attributable to noncontrolling interests (6 ) — 6 — Balances as of September 30, 2018 $ 608 $ 1,717 $ (258 ) $ 2,067 (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. (Amounts in millions) Net (losses) (1) Derivatives hedges (2) Foreign Total Balances as of January 1, 2019 $ 595 $ 1,781 $ (332 ) $ 2,044 OCI before reclassifications 1,186 560 33 1,779 Amounts reclassified from (to) OCI (59 ) (82 ) — (141 ) Current period OCI 1,127 478 33 1,638 Balances as of September 30, 2019 before noncontrolling interests 1,722 2,259 (299 ) 3,682 Less: change in OCI attributable to noncontrolling interests 47 — 13 60 Balances as of September 30, 2019 $ 1,675 $ 2,259 $ (312 ) $ 3,622 (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. (Amounts in millions) Net (losses) (1) Derivatives hedges (2) Foreign 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 (682 ) (287 ) (165 ) (1,134 ) Amounts reclassified from (to) OCI 20 (75 ) — (55 ) Current period OCI (662 ) (362 ) (165 ) (1,189 ) Balances as of September 30, 2018 before noncontrolling interests 587 1,717 (335 ) 1,969 Less: change in OCI attributable to noncontrolling interests (21 ) — (77 ) (98 ) Balances as of September 30, 2018 $ 608 $ 1,717 $ (258 ) $ 2,067 (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 in the charts above 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 September 30, 2019 and 2018. The balance also included taxes of $(44) million and $(45) million, respectively, related to foreign currency translation adjustments as of September 30, 2019 and 2018. The balance as of September 30, 2018 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: Amount reclassified from accumulated other comprehensive income (loss) Three months ended Nine months ended Affected line item in the consolidated statements of income (Amounts in millions) 2019 2018 2019 2018 Net unrealized investment (gains) losses: Unrealized (gains) losses on (1) $ (17 ) $ 9 $ (75 ) $ 25 Net investment (gains) losses (Provision) benefit for income taxes 4 (2 ) 16 (5 ) Provision for income taxes Total $ (13 ) $ 7 $ (59 ) $ 20 Derivatives qualifying as Interest rate swaps hedging assets $ (41 ) $ (38 ) $ (121 ) $ (112 ) Net investment income Interest rate swaps hedging assets (4 ) — (6 ) (5 ) Net investment (gains) losses Foreign currency swaps (1 ) — — — Net investment income Benefit for income taxes 16 14 45 42 Provision for income taxes Total $ (30 ) $ (24 ) $ (82 ) $ (75 ) (1) Amounts exclude adjustments to DAC, present value of future profits, sales inducements and benefit reserves.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2019
Discontinued Operations	(12) Discontinued Operations As discussed in note 1, our Canada mortgage insurance business is reported as discontinued operations. The assets and liabilities held for sale related to discontinued operations for this business have been segregated in our condensed consolidated balance sheets. The major asset and liability categories were as follows as of the dates indicated: (Amounts in millions) September 30, December 31, Assets Investments: Fixed maturity securities available-for-sale, $ 4,225 $ 4,072 Equity securities, at fair value 373 380 Other invested assets 129 116 Total investments 4,727 4,568 Cash, cash equivalents and restricted cash 362 203 Accrued investment income 38 30 Deferred acquisition costs 125 121 Intangible assets and goodwill 15 14 Other assets 52 79 Assets held for sale related to discontinued operations 5,319 5,015 Impairment of disposal group and cost to sell (196 ) — Total assets held for sale related to discontinued operations $ 5,123 $ 5,015 Liabilities Liability for policy and contract claims $ 95 $ 84 Unearned premiums 1,588 1,533 Other liabilities 264 154 Long-term borrowings 329 318 Deferred tax liability 26 23 Liabilities held for sale related to discontinued operations $ 2,302 $ 2,112 Deferred tax assets and liabilities that result in future taxable or deductible amounts to the remaining consolidated group have been reflected in assets or liabilities of continuing operations and not reflected in assets or liabilities held for sale related to discontinued operations. A summary of operating results related to discontinued operations were as follows for the periods indicated: Three months ended Nine months ended (Amounts in millions) 2019 2018 2019 2018 Revenues: Premiums $ 130 $ 127 $ 381 $ 397 Net investment income 37 35 108 105 Net investment gains (losses) (12 ) 29 (12 ) (1 ) Total revenues 155 191 477 501 Benefits and expenses: Benefits and other changes in policy reserves 23 18 61 55 Acquisition and operating expenses, net of deferrals 20 12 52 42 Amortization of deferred acquisition costs and intangibles 11 11 32 32 Interest expense (1) 12 12 37 30 Total benefits and expenses 66 53 182 159 Income before income taxes and loss on sale (2) 89 138 295 342 Provision for income taxes 5 33 89 58 Income before loss on sale 84 105 206 284 Loss on sale, net of taxes (164 ) — (164 ) — Income (loss) from discontinued operations, net of taxes (80 ) 105 42 284 Less: net income from discontinued operations 30 46 101 114 Income (loss) from discontinued operations available to $ (110 ) $ 59 $ (59 ) $ 170 (1) Interest on debt that will be assumed by Brookfield and interest on debt required to be repaid as a result of the sale of Genworth Canada was allocated and reported in discontinued operations. A senior secured term loan facility (“Term Loan”), owed by Genworth Holdings and secured by GFIH’s ownership interest in Genworth Canada’s outstanding common shares, will be required to be repaid upon the sale of Genworth Canada. Accordingly, interest expense related to the Term Loan of million for both the three months ended September 30, 2019 and 2018, and million for the nine months ended September 30, 2019 and 2018, respectively, was allocated and reported in discontinued operations. (2) The three months ended September 30, 2019 and 2018 includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $47 million and $75 million, respectively. The nine months ended September 30, 2019 and 2018 includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $158 million and $188 million, respectively. On August 12, 2019, Genworth, GFIH and Genworth Mortgage Insurance Corporation (“GMICO”) entered into a Share Purchase Agreement with Brookfield. Under the Share Purchase Agreement, Genworth, GFIH and GMICO agreed to sell the common shares of Genworth Canada owned by GFIH and GMICO to Brookfield. GFIH and GMICO are indirect wholly-owned subsidiaries of Genworth. GFIH and GMICO currently own approximately 40.4% and 16.5%, respectively, or an aggregate ownership of 56.9%, of the issued and outstanding common shares of Genworth Canada. The sales price is CAD$48.86 per share or approximately $1.8 billion in cash. The sales price and estimated net loss will be adjusted for changes in stockholders’ equity and other items and are subject to change between now and closing. In addition, the sales price was reduced on a per purchased share basis by the amount of the special dividend declared by Genworth Canada on September 12, 2019 of CAD$1.45 per common share. GFIH and GMICO received this special dividend of approximately $54 million in the fourth quarter of 2019. Any future special dividends declared by Genworth Canada will further reduce the sales price on a per purchased share basis. However, the sales price will not be reduced by any ordinary quarterly dividends (not to exceed CAD$0.55 per share) paid by Genworth Canada to GFIH and GMICO prior to the closing date. During the three months ended September 30, 2019, due to the planned sale of our Canada mortgage insurance business and in connection with the preparation of our third quarter of 2019 financial statements, we recorded an estimated after-tax loss of approximately $ million . In accordance with the accounting guidance for groups of assets that are held-for-sale, we recorded an impairment and cost to sell of $ million to reduce the carrying value of the business to its fair va lue . N $ 1.7 billion. The following table provides a summary of the loss on sale recorded in connection with our planned disposition of Genworth Canada: (Amounts in millions) Three months ended September 30, 2019 Net cash proceeds $ 1,726 Add: adjusted (1) 1,405 Total adjusted consideration (2) 3,131 Carrying value of the disposal group before accumulated other comprehensive income (loss) 3,017 Add: total accumulated other comprehensive (income) loss of disposal group (3) 303 Total adjusted carrying value of the disposal group 3,320 Pre-tax loss on sale (189 ) Tax benefit on sale 25 After-tax loss on sale $ (164 ) (1) In accordance with accounting guidance on the deconsolidation of a subsidiary or group of assets, the carrying amount of any noncontrolling interests in the subsidiary to be sold (adjusted to reflect amounts in accumulated other comprehensive income (loss) required to be derecognized upon final disposition) is added to the total fair value of the consideration to be received. (2) Represents the aggregate of the estimated net cash proceeds to be received upon sale closing plus the carrying amount of noncontrolling interests, including accumulated other comprehensive income (loss) attributable to noncontrolling interests. (3) Consists primarily of cumulative losses on foreign currency translation adjustments and deferred tax losses, partially offset by unrealized investment gains. The sale is targeted to close by the end of 2019 and is subject to customary conditions, including requisite regulatory approvals.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	9 Months Ended
	Sep. 30, 2019
Condensed Consolidating Financial Information	(13) 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 September 30, 2019 and December 31, 2018, the condensed consolidating income statement information and the condensed consolidating comprehensive income statement information for the three and nine months ended September 30, 2019 and 2018 and the condensed consolidating cash flow statement information for the nine months ended September 30, 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 September 30, 2019: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Assets Investments: Fixed maturity securities available-for-sale, $ — $ — $ 61,433 $ (200 ) $ 61,233 Equity securities, at fair value — — 239 — 239 Commercial mortgage loans ($53 are restricted related to a securitization — — 7,033 — 7,033 Policy loans — — 2,069 — 2,069 Other invested assets — 82 1,623 (12 ) 1,693 Investments in subsidiaries 14,535 12,889 — (27,424 ) — Total investments 14,535 12,971 72,397 (27,636 ) 72,267 Cash, cash equivalents and restricted cash — 297 1,332 — 1,629 Accrued investment income — — 643 — 643 Deferred acquisition costs — — 1,881 — 1,881 Intangible assets and goodwill — — 210 — 210 Reinsurance recoverable — — 17,180 — 17,180 Other assets 3 54 422 — 479 Intercompany notes receivable — 279 — (279 ) — Deferred tax assets 4 883 (651 ) — 236 Separate account assets — — 6,005 — 6,005 Assets held for sale related to discontinued operations — — 5,123 — 5,123 Total assets $ 14,542 $ 14,484 $ 104,542 $ (27,915 ) $ 105,653 Liabilities and equity Liabilities: Future policy benefits $ — $ — $ 40,489 $ — $ 40,489 Policyholder account balances — — 22,607 — 22,607 Liability for policy and contract claims — — 10,780 — 10,780 Unearned premiums — — 1,863 — 1,863 Other liabilities 1 52 1,405 (13 ) 1,445 Intercompany notes payable 154 200 125 (479 ) — Non-recourse funding obligations — — 311 — 311 Long-term borrowings — 3,571 135 — 3,706 Separate account liabilities — — 6,005 — 6,005 Liabilities held for sale related to discontinued operations — — 2,302 — 2,302 Total liabilities 155 3,823 86,022 (492 ) 89,508 Equity: Common stock 1 — 3 (3 ) 1 Additional paid-in capital 11,986 9,095 18,429 (27,524 ) 11,986 Accumulated other comprehensive income (loss) 3,622 3,580 3,677 (7,257 ) 3,622 Retained earnings 1,478 (2,014 ) (5,647 ) 7,661 1,478 Treasury stock, at cost (2,700 ) — — — (2,700 ) Total Genworth Financial, Inc.’s stockholders’ equity 14,387 10,661 16,462 (27,123 ) 14,387 Noncontrolling interests — — 2,058 (300 ) 1,758 Total equity 14,387 10,661 18,520 (27,423 ) 16,145 Total liabilities and equity $ 14,542 $ 14,484 $ 104,542 $ (27,915 ) $ 105,653 The following table presents the condens e Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Assets Investments: Fixed maturity securities available-for-sale, at fair value $ — $ — $ 55,789 $ (200 ) $ 55,589 Equity securities, at fair value — — 275 — 275 Commercial mortgage loans ($62 are restricted related to a securitization entity) — — 6,749 — 6,749 Policy loans — — 1,861 — 1,861 Other invested assets — 86 988 (2 ) 1,072 Investments in subsidiaries 12,570 11,462 — (24,032 ) — Total investments 12,570 11,548 65,662 (24,234 ) 65,546 Cash, cash equivalents and restricted cash — 429 1,545 — 1,974 Accrued investment income — — 649 (4 ) 645 Deferred acquisition costs — — 3,142 — 3,142 Intangible assets and goodwill — — 333 — 333 Reinsurance recoverable — — 17,278 — 17,278 Other assets 15 62 318 — 395 Intercompany notes receivable — 180 6 (186 ) — Deferred tax assets 14 907 (185 ) — 736 Separate account assets — — 5,859 — 5,859 Assets held for sale related to discontinued operations — — 5,015 — 5,015 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 — — 10,295 — 10,295 Unearned premiums — — 2,013 — 2,013 Other liabilities 27 97 1,412 (7 ) 1,529 Intercompany notes payable 122 207 57 (386 ) — Non-recourse funding obligations — — 311 — 311 Long-term borrowings — 3,567 140 — 3,707 Separate account liabilities — — 5,859 — 5,859 Liabilities held for sale related to discontinued operations — — 2,112 — 2,112 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 September 30, 2019: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Revenues: Premiums $ — $ — $ 1,015 $ — $ 1,015 Net investment income (1 ) 3 818 (4 ) 816 Net investment gains (losses) — (1 ) (1 ) — (2 ) Policy fees and other income — — 192 (1 ) 191 Total revenues (1 ) 2 2,024 (5 ) 2,020 Benefits and expenses: Benefits and other changes in policy reserves — — 1,284 — 1,284 Interest credited — — 146 — 146 Acquisition and operating expenses, net of deferrals 6 — 241 — 247 Amortization of deferred acquisition costs and intangibles — — 112 — 112 Interest expense — 57 7 (5 ) 59 Total benefits and expenses 6 57 1,790 (5 ) 1,848 Income (loss) from continuing operations before income taxes and equity (7 ) (55 ) 234 — 172 Provision (benefit) for income taxes (39 ) (10 ) 83 — 34 Equity in loss of subsidiaries (14 ) (91 ) — 105 — Income (loss) from continuing operations 18 (136 ) 151 105 138 Income (loss) from discontinued operations, net of taxes — 1 (81 ) — (80 ) Net income (loss) 18 (135 ) 70 105 58 Less: net income from continuing operations attributable to noncontrolling — — 10 — 10 Less: net income from discontinued operations attributable to — — 30 — 30 Net income (loss) available to Genworth Financial, Inc.’s common $ 18 $ (135 ) $ 30 $ 105 $ 18 The following table presents the condensed consolidating income statement information for the three months ended September 30, 2018: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Revenues: Premiums $ — $ — $ 995 $ — $ 995 Net investment income (1 ) 4 781 (4 ) 780 Net investment gains (losses) — 4 (20 ) — (16 ) Policy fees and other income — (2 ) 195 — 193 Total revenues (1 ) 6 1,951 (4 ) 1,952 Benefits and expenses: Benefits and other changes in policy reserves — — 1,303 — 1,303 Interest credited — — 151 — 151 Acquisition and operating expenses, net of deferrals 8 1 222 — 231 Amortization of deferred acquisition costs and intangibles — — 72 — 72 Interest expense — 56 8 (4 ) 60 Total benefits and expenses 8 57 1,756 (4 ) 1,817 Income (loss) from continuing operations before income taxes and equity (9 ) (51 ) 195 — 135 Provision (benefit) for income taxes (25 ) — 55 — 30 Equity in income of subsidiaries 130 52 — (182 ) — Income from continuing operations 146 1 140 (182 ) 105 Income (loss) from discontinued operations, net of taxes — (6 ) 111 — 105 Net income (loss) 146 (5 ) 251 (182 ) 210 Less: net income from continuing operations attributable to noncontrolling interests — — 18 — 18 Less: net income from discontinued operations attributable to noncontrolling interests — — 46 — 46 Net income (loss) available to Genworth Financial, Inc.’s common stockholders $ 146 $ (5 ) $ 187 $ (182 ) $ 146 The following table presents the condensed consolidating income statement information for the nine months ended September 30, 2019: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Revenues: Premiums $ — $ — $ 3,004 $ — $ 3,004 Net investment income (2 ) 7 2,432 (11 ) 2,426 Net investment gains (losses) — (13 ) 40 — 27 Policy fees and other income — 2 603 (4 ) 601 Total revenues (2 ) (4 ) 6,079 (15 ) 6,058 Benefits and expenses: Benefits and other changes in policy reserves — — 3,817 — 3,817 Interest credited — — 439 — 439 Acquisition and operating expenses, net of deferrals 13 (2 ) 702 — 713 Amortization of deferred acquisition costs and intangibles — — 277 — 277 Interest expense 3 171 20 (15 ) 179 Total benefits and expenses 16 169 5,255 (15 ) 5,425 Income (loss) from continuing operations before income taxes and equity (18 ) (173 ) 824 — 633 Provision (benefit) for income taxes 5 (33 ) 197 — 169 Equity in income of subsidiaries 383 122 — (505 ) — Income (loss) from continuing operations 360 (18 ) 627 (505 ) 464 Income (loss) from discontinued operations, net of taxes — (12 ) 54 — 42 Net income (loss) 360 (30 ) 681 (505 ) 506 Less: net income from continuing operations attributable to noncontrolling interests — — 45 — 45 Less: net income from discontinued operations attributable to — — 101 — 101 Net income (loss) available to Genworth Financial, Inc.’s common $ 360 $ (30 ) $ 535 $ (505 ) $ 360 The following table presents the co n i (Amounts in millions) Parent Guarantor Issuer All Other Subsidiaries Eliminations Consolidated Revenues: Premiums $ — $ — $ 3,001 $ — $ 3,001 Net investment income (2 ) 11 2,344 (11 ) 2,342 Net investment gains (losses) — 2 (33 ) — (31 ) Policy fees and other income — (1 ) 607 (2 ) 604 Total revenues (2 ) 12 5,919 (13 ) 5,916 Benefits and expenses: Benefits and other changes in policy reserves — — 3,782 — 3,782 Interest credited — — 459 — 459 Acquisition and operating expenses, net of deferrals 22 1 671 — 694 Amortization of deferred acquisition costs and intangibles — — 267 — 267 Interest expense 1 185 22 (13 ) 195 Total benefits and expenses 23 186 5,201 (13 ) 5,397 Income (loss) from continuing operations before income taxes and equity in income of subsidiaries (25 ) (174 ) 718 — 519 Provision (benefit) for income taxes 13 (29 ) 195 — 179 Equity in income of subsidiaries 486 248 — (734 ) — Income from continuing operations 448 103 523 (734 ) 340 Income ( loss ) from discontinued operations, net of taxes — (13 ) 297 — 284 Net income 448 90 820 (734 ) 624 Less: net income from continuing operations attributable to noncontrolling interests — — 62 — 62 Less: net income from discontinued operations attributable to noncontrolling interests — — 114 — 114 Net income available to Genworth Financial, Inc.’s common stockholders $ 448 $ 90 $ 644 $ (734 ) $ 448 The following table presents the condensed consolidating comprehensive income ​​​​​​​statement information​​​​​​​ for the three months ended September 30, 2019: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Net income ( loss $ 18 $ (135 ) $ 70 $ 105 $ 58 Other comprehensive income (loss), net of taxes: Net unrealized gains (losses) on securities not other-than- 370 354 371 (724 ) 371 Derivatives qualifying as hedges 276 276 293 (569 ) 276 Foreign currency translation and other adjustments (37 ) (32 ) (64 ) 69 (64 ) Total other comprehensive income (loss) 609 598 600 (1,224 ) 583 Total comprehensive income 627 463 670 (1,119 ) 641 Less: comprehensive income attributable to noncontrolling interests — — 14 — 14 Total comprehensive income available to Genworth Financial, $ 627 $ 463 $ 656 $ (1,119 ) $ 627 The following table presents the condensed consolidating comprehensive income statement information for the three months ended September 30, 2018: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Net income (loss) $ 146 $ (5 ) $ 251 $ (182 ) $ 210 Other comprehensive income (loss), net of taxes: Net unrealized gains (losses) on securities not other-than-temporarily impaired (128 ) (120 ) (133 ) 247 (134 ) Net unrealized gains (losses) on other-than-temporarily — (1 ) — 1 — Derivatives qualifying as hedges (146 ) (146 ) (152 ) 298 (146 ) Foreign currency translation and other adjustments 14 6 19 (19 ) 20 Total other comprehensive income (loss) (260 ) (261 ) (266 ) 527 (260 ) Total comprehensive loss (114 ) (266 ) (15 ) 345 (50 ) Less: comprehensive income attributable to noncontrolling — — 64 — 64 Total comprehensive loss available to Genworth Financial, Inc.’s common stockholders $ (114 ) $ (266 ) $ (79 ) $ 345 $ (114 ) The following table presents the condensed consolidating comprehensive income statement information for the nine months ended September 30, 2019: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Net income (loss) $ 360 $ (30 ) $ 681 $ (505 ) $ 506 Other comprehensive income (loss), net of taxes: Net unrealized gains (losses) on securities not other-than- 1,079 948 1,126 (2,027 ) 1,126 Net unrealized gains (losses) on other-than-temporarily impaired 1 1 1 (2 ) 1 Derivatives qualifying as hedges 478 478 518 (996 ) 478 Foreign currency translation and other adjustments 20 9 32 (28 ) 33 Total other comprehensive income (loss) 1,578 1,436 1,677 (3,053 ) 1,638 Total comprehensive income 1,938 1,406 2,358 (3,558 ) 2,144 Less: comprehensive income attributable to noncontrolling interests — — 206 — 206 Total comprehensive income available to Genworth Financial, Inc.’s $ 1,938 $ 1,406 $ 2,152 $ (3,558 ) $ 1,938 The following table presents the condensed consolidating comprehensive income statement information for the nine months ended September 30, 2018: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Net income $ 448 $ 90 $ 820 $ (734 ) $ 624 Other comprehensive income (loss), net of taxes: Net unrealized gains (losses) on securities not other-than-temporarily impaired (639 ) (582 ) (659 ) 1,220 (660 ) Net unrealized gains (losses) on other-than-temporarily (2 ) (2 ) (2 ) 4 (2 ) Derivatives qualifying as hedges (362 ) (363 ) (385 ) 748 (362 ) Foreign currency translation and other adjustments (88 ) (76 ) (166 ) 165 (165 ) Total other comprehensive income (loss) (1,091 ) (1,023 ) (1,212 ) 2,137 (1,189 ) Total comprehensive loss (643 ) (933 ) (392 ) 1,403 (565 ) Less: comprehensive income attributable to noncontrolling — — 78 — 78 Total comprehensive loss available to Genworth Financial, Inc.’s common stockholders $ (643 ) $ (933 ) $ (470 ) $ 1,403 $ (643 ) The following table presents the condensed consolidating cash flow statement information for the nine months ended September 30, 2019: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Cash flows from (used by) operating activities: Net income (loss) $ 360 $ (30 ) $ 681 $ (505 ) $ 506 Less (income) loss from discontinued operations, net of taxes — 12 (54 ) — (42 ) Adjustments to reconcile net income (loss) to net cash from (used by) operating activities: Equity in income from subsidiaries (383 ) (122 ) — 505 — Dividends from subsidiaries — 83 (83 ) — — Amortization of fixed maturity securities discounts and — 5 (98 ) — (93 ) Net investment (gains) losses — 13 (40 ) — (27 ) Charges assessed to policyholders — — (532 ) — (532 ) Acquisition costs deferred — — (22 ) — (22 ) Amortization of deferred acquisition costs and intangibles — — 277 — 277 Deferred income taxes 10 39 57 — 106 Derivative instruments and limited partnerships — (52 ) 173 — 121 Stock-based compensation expense 16 — 1 — 17 Change in certain assets and liabilities: Accrued investment income and other assets — — (323 ) (4 ) (327 ) Insurance reserves — — 906 — 906 Current tax liabilities (6 ) 5 37 — 36 Other liabilities, policy and contract claims and other policy-related balances (18 ) (47 ) 419 (6 ) 348 Cash from operating activities—discontinued operations — 84 250 — 334 Net cash from (used by) operating activities (21 ) (10 ) 1,649 (10 ) 1,608 Cash flows used by investing activities: Proceeds from maturities and repayments of investments: Fixed maturity securities — — 2,734 — 2,734 Commercial mortgage loans — — 387 — 387 Restricted commercial mortgage loans related to a securitization — — 8 — 8 Proceeds from sales of investments: Fixed maturity and equity securities — — 3,024 — 3,024 Purchases and originations of investments: Fixed maturity and equity securities — — (5,805 ) — (5,805 ) Commercial mortgage loans — — (682 ) — (682 ) Other invested assets, net — 5 (274 ) 10 (259 ) Policy loans, net — — 51 — 51 Intercompany notes receivable — (99 ) 6 93 — Capital contributions to subsidiaries (4 ) — 4 — — Cash used by investing activities—discontinued operations — — (6 ) — (6 ) Net cash used by investing activities (4 ) (94 ) (553 ) 103 (548 ) Cash flows from (used by) financing activities: Deposits to universal life and investment contracts — — 637 — 637 Withdrawals from universal life and investment contracts — — (1,699 ) — (1,699 ) Repayment and repurchase of long-term debt — (3 ) — — (3 ) Repurchase of subsidiary shares — — (22 ) — (22 ) Dividends paid to noncontrolling interests — — (55 ) — (55 ) Intercompany notes payable 32 (7 ) 68 (93 ) — Other, net (7 ) (18 ) 1 — (24 ) Cash used by financing activities—discontinued operations — — (76 ) — (76 ) Net cash from (used by) financing activities 25 (28 ) (1,146 ) (93 ) (1,242 ) Effect of exchange rate changes on cash, cash equivalents and restricted 8 — — (4 ) — (4 ) Net change in cash, cash equivalents and restricted cash — (132 ) (54 ) — (186 ) 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 — 297 1,694 — 1,991 Less cash, cash equivalents and restricted cash of discontinued operations — — 362 — 362 Cash, cash equivalents and restricted cash of continuing operations at end of period (1) $ — $ 297 $ 1,332 $ — $ 1,629 (1) On October 18, 2019, our U.S. mortgage insurance business paid a $250 million dividend. The cash proceeds from the dividend will be reflected in Genworth Holdings’ (“Issuer”) cash, cash equivalents and restricted cash balance in the fourth quarter of 2019. The following table presents the condensed consolidating cash flow statement information for the nine months ended September 30, 2018: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Cash flows from operating activities: Net income $ 448 $ 90 $ 820 $ (734 ) $ 624 Less ( ) loss — 13 (297 ) — (284 ) Adjustments to reconcile net income to net cash from operating activities: Equity in income from subsidiaries (486 ) (248 ) — 734 — Dividends from subsidiaries 50 101 (151 ) — — Amortization of fixed maturity securities discounts and premiums — 4 (103 ) — (99 ) Net investment losses — (2 ) 33 — 31 Charges assessed to policyholders — — (528 ) — (528 ) Acquisition costs deferred — — (32 ) — (32 ) Amortization of deferred acquisition costs and intangibles — — 267 — 267 Deferred income taxes 23 (203 ) 299 — 119 Derivative instruments and limited partnerships — 33 (402 ) — (369 ) Stock-based compensation expense 23 — — — 23 Change in certain assets and liabilities: Accrued investment income and other assets — 149 (271 ) 3 (119 ) Insurance reserves — — 1,039 — 1,039 Current tax liabilities (33 ) 170 (104 ) — 33 Other liabilities, policy and contract claims and other policy-related balances (15 ) (174 ) 260 (9 ) 62 Cash from operating activities—discontinued operations — 68 138 — 206 Net cash from operating activities 10 1 968 (6 ) 973 Cash flows from (used by) investing activities: Proceeds from maturities and repayments of investments: Fixed maturity securities — — 2,661 — 2,661 Commercial mortgage loans — — 543 — 543 Restricted commercial mortgage loans related to a securitization entity — — 20 — 20 Proceeds from sales of investments: Fixed maturity and equity securities — — 2,853 — 2,853 Purchases and originations of investments: Fixed maturity and equity securities — — (5,486 ) — (5,486 ) Commercial mortgage loans — — (769 ) — (769 ) Other invested assets, net — — 244 6 250 Policy loans, net — — 35 — 35 Intercompany notes receivable — (19 ) 58 (39 ) — Capital contributions to subsidiaries (4 ) — 4 — — Cash used by investing activities—discontinued operations — — (38 ) — (38 ) Net cash from (used by) investing activities (4 ) (19 ) 125 (33 ) 69 Cash flows used by financing activities: Deposits to universal life and investment contracts — — 805 — 805 Withdrawals from universal life and investment contracts — — (1,806 ) — (1,806 ) Proceeds from the issuance of long-term debt — 441 — — 441 Repayment and repurchase of long-term debt — (598 ) — — (598 ) Repayment of borrowings related to a securitization entity — — (20 ) — (20 ) Repurchase of subsidiary shares — — (55 ) — (55 ) Dividends paid to noncontrolling interests — — (41 ) — (41 ) Intercompany notes payable (4 ) (58 ) 23 39 — Other, net (2 ) (28 ) 32 — 2 Cash used by financing activities—discontinued operations — — (78 ) — (78 ) Net cash used by financing activities (6 ) (243 ) (1,040 ) 39 (1,350 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash (includes $( 11 — — (62 ) — (62 ) Net change in cash, cash equivalents and restricted cash — (261 ) (109 ) — (370 ) 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 — 534 1,971 — 2,505 Less cash, cash equivalents and restricted cash of discontinued operations at end of period — — 208 — 208 Cash, cash equivalents and restricted cash of continuing operations at end of period $ — $ 534 $ 1,763 $ — $ 2,297 5

Accounting Changes (Policies)

Accounting Changes (Policies)	9 Months Ended
	Sep. 30, 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 condensed 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 did not have a significant impact on our condensed 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 right-of-use de-recognized right-of-use and did not have a significant impact on our condensed consolidated balance sheet as of September 30, 2019. The initial measurement of our right-of-use asset had no significant initial direct costs, prepaid lease payments or lease incentives; therefore, a cumulative-effect adjustment was not recorded to the opening retained earnings balance as a result of the change in accounting principle. Our leased assets are predominantly classified as operating leases and consist of office space in 12 locations primarily in the United States 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 non-lease Our aggregate annual rental expense for all leases under the previous guidance was approximately $11 million, including amounts related to our Canada mortgage insurance business which were classified as held for sale during the third quarter of 2019. Annual rental expense and future minimum lease payments are not significantly different under this new accounting guidance.
Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Not Yet Adopted In August 2018, the Financial Accounting Standards Board (“the FASB”) issued new accounting guidance that significantly changes the recognition and measurement of long-duration insurance contracts and expands disclosure requirements, which impacts our life insurance deferred acquisition costs (“DAC”) and liabilities. In accordance with the guidance, the more significant changes include: • assumptions will no longer be locked-in catch-up • 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 • 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 related to instrument-specific credit risk recorded in other comprehensive income (loss) and remaining 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. We expect the guidance to be effective for us on January 1, 2022 using the modified retrospective method, with early adoption permitted. Given the nature and extent of the changes to our operations, this guidance is expected to have a significant impact on our condensed 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 condensed 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 do not expect a significant impact from this guidance on our condensed 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 recoverables. The new guidance retains most of the existing impairment guidance for available-for-sale instrument-by-instrument

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share	Basic and diluted earnings (loss) per share are calculated by dividing each income (loss) category presented below by the weighted-average basic and diluted common shares outstanding for the periods indicated: Three months ended Nine months ended (Amounts in millions, except per share amounts) 2019 2018 2019 2018 Weighted-average shares used in basic earnings per share calculations 503.5 500.7 502.7 500.3 Potentially dilutive securities: Stock options, restricted stock units and stock appreciation rights 7.7 2.6 6.8 2.6 Weighted-average shares used in diluted earnings per share calculations 511.2 503.3 509.5 502.9 Income from continuing operations: Income from continuing operations $ 138 $ 105 $ 464 $ 340 Less: net income from continuing operations attributable to noncontrolling interests 10 18 45 62 Income from continuing operations available to Genworth Financial, Inc.’s common $ 128 $ 87 $ 419 $ 278 Basic per share $ 0.25 $ 0.17 $ 0.83 $ 0.56 Diluted per share $ 0.25 $ 0.17 $ 0.82 $ 0.55 Income (loss) from discontinued operations: Income (loss) from discontinued operations, net of taxes $ (80 ) $ 105 $ 42 $ 284 Less: net income from discontinued operations, net of taxes, attributable to noncontrolling 30 46 101 114 Income (loss) from discontinued operations available to Genworth Financial, Inc.’s common stockholders $ (110 ) $ 59 $ (59 ) $ 170 Basic per share $ (0.22 ) $ 0.12 $ (0.12 ) $ 0.34 Diluted per share $ (0.21 ) $ 0.12 $ (0.12 ) $ 0.34 Net income: Income from continuing operations $ 138 $ 105 $ 464 $ 340 Income (loss) from discontinued operations, net of taxes (80 ) 105 42 284 Net income 58 210 506 624 Less: net income attributable to noncontrolling interests 40 64 146 176 Net income available to Genworth Financial, Inc.’s common stockholders $ 18 $ 146 $ 360 $ 448 Basic per share (1) $ 0.04 $ 0.29 $ 0.72 $ 0.89 Diluted per share (1) $ 0.04 $ 0.29 $ 0.71 $ 0.89 (1) May not total due to whole number calculation.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2019
Net Investment Income	Sources of net investment income were as follows for the periods indicated: Three months ended Nine months (Amounts in millions) 2019 2018 2019 2018 Fixed maturity securities—taxable $ 631 $ 613 $ 1,878 $ 1,839 Fixed maturity securities—non-taxable 2 3 6 9 Equity securities 4 6 13 16 Commercial mortgage loans 86 81 251 240 Restricted commercial mortgage loans related to a securitization entity 1 1 3 5 Policy loans 47 41 138 125 Other invested assets 62 44 180 136 Cash, cash equivalents, restricted cash and short-term investments 8 12 30 37 Gross investment income before expenses and fees 841 801 2,499 2,407 Expenses and fees (25 ) (21 ) (73 ) (65 ) Net investment income $ 816 $ 780 $ 2,426 $ 2,342
Net Investment Gains (Losses)	The following table sets forth net investment gains (losses) for the periods indicated: Three months ended Nine months ended (Amounts in millions) 2018 2019 2018 Available-for-sale Realized gains $ 19 $ 21 $ 93 $ 38 Realized losses (3 ) (30 ) (30 ) (62 ) Net realized gains (losses) on available-for-sale 16 (9 ) 63 (24 ) Impairments: Total other-than-temporary impairments — — — — Portion of other-than-temporary impairments included inother comprehensive income — — — — Net other-than-temporary impairments — — — — Net realized gains (losses) on equity securities sold 6 — 9 10 Net unrealized gains (losses) on equity securities still held (4 ) (2 ) 13 (11 ) Limited partnerships 6 3 10 8 Commercial mortgage loans (1 ) — (1 ) — Derivative instruments (1) (29 ) (8 ) (71 ) (14 ) Other 4 — 4 — Net investment gains (losses) $ (2 ) $ (16 ) $ 27 $ (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 periods indicated: As of or for the As of or for (Amounts in millions) 2019 2018 2019 2018 Beginning balance $ 23 $ 25 $ 24 $ 32 Reductions: Securities sold, paid down or disposed — — (1 ) (7 ) Ending balance $ 23 $ 25 $ 23 $ 25
Unrealized Investment Gains and Losses	Net unrealized gains and losses on available-for-sale (Amounts in millions) September 30, December 31, 2018 Net unrealized gains (losses) on fixed maturity (1) $ 7,263 $ 1,775 Adjustments to deferred acquisition costs, present value of (4,998 ) (952 ) Income taxes, net (505 ) (190 ) Net unrealized investment gains (losses) 1,760 633 Less: net unrealized investment gains (losses) attributable 85 38 Net unrealized investment gains (losses) attributable to $ 1,675 $ 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 As of or for the three months ended (Amounts in millions) 2019 2018 Beginning balance $ 1,305 $ 736 Unrealized gains (losses) arising during the period: Unrealized gains (losses) on fixed maturity securities 1,607 (564 ) Adjustment to deferred acquisition costs (8 ) 292 Adjustment to present value of future profits 1 9 Adjustment to sales inducements (4 ) 3 Adjustment to benefit reserves (1,108 ) 65 Provision for income taxes (104 ) 54 Change in unrealized gains (losses) on investment securities 384 (141 ) Reclassification adjustments to net investment (gains) losses, net of taxes of $4 and $(2) (13 ) 7 Change in net unrealized investment gains (losses) 371 (134 ) Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests 1 (6 ) Ending balance $ 1,675 $ 608 As of or for the (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 fixed maturity securities 5,563 (3,150 ) Adjustment to deferred acquisition costs (1,049 ) 1,201 Adjustment to present value of future profits (54 ) 65 Adjustment to sales inducements (35 ) 32 Adjustment to benefit reserves (2,908 ) 967 Provision for income taxes (331 ) 203 Change in unrealized gains (losses) on investment securities 1,186 (682 ) Reclassification adjustments to net investment (gains) losses, net of taxes of $16 and $(5) (59 ) 20 Change in net unrealized investment gains (losses) 1,127 (662 ) Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests 47 (21 ) Ending balance $ 1,675 $ 608
Fixed Maturity Securities	As of September 30, 2019, the amortized cost or cost, gross unrealized gains (losses) and fair value of our fixed maturity securities classified as available-for-sale 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 $ 4,117 $ 1,137 $ — $ — $ — $ 5,254 State and political subdivisions 2,304 425 — — — 2,729 Non-U.S. 1,229 130 — — — 1,359 U.S. corporate: Utilities 4,327 731 — (1 ) — 5,057 Energy 2,480 291 — (13 ) — 2,758 Finance and insurance 7,062 798 — (5 ) — 7,855 Consumer—non-cyclical 4,949 797 — (14 ) — 5,732 Technology and communications 2,861 351 — (1 ) — 3,211 Industrial 1,301 118 — (1 ) — 1,418 Capital goods 2,348 374 — (2 ) — 2,720 Consumer—cyclical 1,679 175 — (4 ) — 1,850 Transportation 1,281 189 — (1 ) — 1,469 Other 318 36 — — — 354 Total U.S. corporate 28,606 3,860 — (42 ) — 32,424 Non-U.S. Utilities 841 55 — — — 896 Energy 1,204 186 — (1 ) — 1,389 Finance and insurance 2,126 222 — — — 2,348 Consumer—non-cyclical 647 56 — (4 ) — 699 Technology and communications 1,007 126 — — — 1,133 Industrial 900 94 — — — 994 Capital goods 619 41 — — — 660 Consumer—cyclical 363 23 — — — 386 Transportation 640 89 — (1 ) — 728 Other 1,249 175 — (1 ) — 1,423 Total non-U.S. 9,596 1,067 — (7 ) — 10,656 Residential mortgage-backed 2,131 230 14 — — 2,375 Commercial mortgage-backed 2,866 209 — (4 ) — 3,071 Other asset-backed 3,333 39 — (7 ) — 3,365 Total available-for-sale $ 54,182 $ 7,097 $ 14 $ (60 ) $ — $ 61,233 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 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. 1,232 44 — (8 ) — 1,268 U.S. corporate: Utilities 4,439 331 — (95 ) — 4,675 Energy 2,375 101 — (64 ) — 2,412 Finance and insurance 6,691 249 — (132 ) — 6,808 Consumer—non-cyclical 4,879 294 — (137 ) — 5,036 Technology and communications 2,809 110 — (78 ) — 2,841 Industrial 1,213 41 — (33 ) — 1,221 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 27,934 1,446 — (682 ) — 28,698 Non-U.S. Utilities 838 12 — (29 ) — 821 Energy 1,170 71 — (20 ) — 1,221 Finance and insurance 2,071 71 — (36 ) — 2,106 Consumer—non-cyclical 706 8 — (24 ) — 690 Technology and communications 1,043 21 — (24 ) — 1,040 Industrial 896 36 — (16 ) — 916 Capital goods 571 10 — (9 ) — 572 Consumer—cyclical 322 1 — (10 ) — 313 Transportation 580 44 — (14 ) — 610 Other 1,414 85 — (18 ) — 1,481 Total non-U.S. 9,611 359 — (200 ) — 9,770 Residential mortgage-backed 2,460 159 13 (14 ) — 2,618 Commercial mortgage-backed 3,054 43 — (81 ) — 3,016 Other asset-backed 3,048 10 1 (23 ) — 3,036 Total available-for-sale $ 53,920 $ 2,702 $ 14 $ (1,047 ) $ — $ 55,589
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 September 30, 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. corporate $ 437 $ (9 ) 79 $ 490 $ (33 ) 60 $ 927 $ (42 ) 139 Non-U.S. 49 (2 ) 15 60 (5 ) 7 109 (7 ) 22 Commercial mortgage-backed — — — 13 (4 ) 3 13 (4 ) 3 Other asset-backed 767 (3 ) 168 288 (4 ) 67 1,055 (7 ) 235 Total for fixed maturity securities inan $ 1,253 $ (14 ) 262 $ 851 $ (46 ) 137 $ 2,104 $ (60 ) 399 % Below cost: <20% Below cost $ 1,253 $ (14 ) 262 $ 796 $ (26 ) 132 $ 2,049 $ (40 ) 394 20%-50% — — — 52 (17 ) 4 52 (17 ) 4 >50% Below cost — — — 3 (3 ) 1 3 (3 ) 1 Total for fixed maturity securities inan unrealized loss position $ 1,253 $ (14 ) 262 $ 851 $ (46 ) 137 $ 2,104 $ (60 ) 399 Investment grade $ 1,172 $ (8 ) 251 $ 725 $ (24 ) 122 $ 1,897 $ (32 ) 373 Below investment grade 81 (6 ) 11 126 (22 ) 15 207 (28 ) 26 Total for fixed maturity securities inan $ 1,253 $ (14 ) 262 $ 851 $ (46 ) 137 $ 2,104 $ (60 ) 399 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 September 30, 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 $ — $ — — $ 62 $ (1 ) 10 $ 62 $ (1 ) 10 Energy 82 (5 ) 20 84 (8 ) 11 166 (13 ) 31 Finance and insurance 218 (2 ) 35 65 (3 ) 7 283 (5 ) 42 Consumer—non-cyclical 63 (1 ) 16 127 (13 ) 13 190 (14 ) 29 Technology andcommunications — — — 26 (1 ) 4 26 (1 ) 4 Industrial 74 (1 ) 8 — — — 74 (1 ) 8 Capital goods — — — 33 (2 ) 4 33 (2 ) 4 Consumer—cyclical — — — 62 (4 ) 8 62 (4 ) 8 Transportation — — — 31 (1 ) 3 31 (1 ) 3 Subtotal, U.S. corporate 437 (9 ) 79 490 (33 ) 60 927 (42 ) 139 Non-U.S. Energy 17 (1 ) 3 — — — 17 (1 ) 3 Consumer—non-cyclical 32 (1 ) 12 30 (3 ) 3 62 (4 ) 15 Transportation — — — 24 (1 ) 3 24 (1 ) 3 Other — — — 6 (1 ) 1 6 (1 ) 1 Subtotal, non-U.S. 49 (2 ) 15 60 (5 ) 7 109 (7 ) 22 Total for corporate securities in anunrealized loss position $ 486 $ (11 ) 94 $ 550 $ (38 ) 67 $ 1,036 $ (49 ) 161 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 Number Gross Number Gross Number Fair unrealized of Fair unrealized of Fair unrealized of (Dollar amounts in millions) value losses securities value losses securities value losses securities Description of Securities Fixed maturity securities: U.S. government, agenciesand government-sponsored enterprises $ 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. 177 (6 ) 26 119 (2 ) 18 296 (8 ) 44 U.S. corporate 9,956 (472 ) 1,338 2,440 (210 ) 363 12,396 (682 ) 1,701 Non-U.S. 3,684 (142 ) 502 664 (58 ) 96 4,348 (200 ) 598 Residential mortgage-backed 334 (6 ) 52 303 (8 ) 70 637 (14 ) 122 Commercial mortgage-backed 758 (19 ) 115 870 (62 ) 130 1,628 (81 ) 245 Other asset-backed 1,252 (17 ) 258 604 (6 ) 137 1,856 (23 ) 395 Total for fixed maturity securities in $ 17,077 $ (680 ) 2,371 $ 5,394 $ (367 ) 897 $ 22,471 $ (1,047 ) 3,268 % Below cost: <20% Below cost $ 17,043 $ (670 ) 2,367 $ 5,340 $ (349 ) 887 $ 22,383 $ (1,019 ) 3,254 20%-50% 34 (10 ) 4 54 (18 ) 10 88 (28 ) 14 Total for fixed maturity securities in $ 17,077 $ (680 ) 2,371 $ 5,394 $ (367 ) 897 $ 22,471 $ (1,047 ) 3,268 Investment grade $ 15,762 $ (601 ) 2,180 $ 5,224 $ (345 ) 866 $ 20,986 $ (946 ) 3,046 Below investment grade 1,315 (79 ) 191 170 (22 ) 31 1,485 (101 ) 222 Total for fixed maturity securities in $ 17,077 $ (680 ) 2,371 $ 5,394 $ (367 ) 897 $ 22,471 $ (1,047 ) 3,268 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 Number Gross Number Gross Number Fair unrealized of Fair unrealized of Fair unrealized 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 940 (47 ) 134 152 (17 ) 23 1,092 (64 ) 157 Finance and insurance 2,393 (92 ) 326 679 (40 ) 93 3,072 (132 ) 419 Consumer—non-cyclical 1,819 (101 ) 202 389 (36 ) 55 2,208 (137 ) 257 Technology andcommunications 1,130 (51 ) 151 263 (27 ) 34 1,393 (78 ) 185 Industrial 503 (27 ) 62 74 (6 ) 13 577 (33 ) 75 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 9,956 (472 ) 1,338 2,440 (210 ) 363 12,396 (682 ) 1,701 Non-U.S. Utilities 359 (18 ) 44 103 (11 ) 9 462 (29 ) 53 Energy 406 (15 ) 56 60 (5 ) 10 466 (20 ) 66 Finance and insurance 792 (24 ) 128 169 (12 ) 27 961 (36 ) 155 Consumer—non-cyclical 374 (16 ) 49 79 (8 ) 9 453 (24 ) 58 Technology andcommunications 572 (23 ) 61 26 (1 ) 6 598 (24 ) 67 Industrial 264 (11 ) 44 65 (5 ) 6 329 (16 ) 50 Capital goods 214 (7 ) 24 57 (2 ) 10 271 (9 ) 34 Consumer—cyclical 204 (9 ) 30 20 (1 ) 3 224 (10 ) 33 Transportation 189 (6 ) 24 36 (8 ) 6 225 (14 ) 30 Other 310 (13 ) 42 49 (5 ) 10 359 (18 ) 52 Subtotal, non-U.S. 3,684 (142 ) 502 664 (58 ) 96 4,348 (200 ) 598 Total for corporate securities in $ 13,640 $ (614 ) 1,840 $ 3,104 $ (268 ) 459 $ 16,744 $ (882 ) 2,299
Maturity Distribution of Fixed Maturity Securities	The scheduled maturity distribution of fixed maturity securities as of September 30, 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. (Amounts in millions) Amortized Fair Due one year or less $ 1,574 $ 1,587 Due after one year through five years 9,269 9,655 Due after five years through ten years 11,336 12,387 Due after ten years 23,673 28,793 Subtotal 45,852 52,422 Residential mortgage-backed 2,131 2,375 Commercial mortgage-backed 2,866 3,071 Other asset-backed 3,333 3,365 Total $ 54,182 $ 61,233
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: September 30, 2019 (Amounts in millions) 31 - 60 days 61 - 90 days Greater than Total Current Total Property type: Retail $ — $ — $ — $ — $ 2,619 $ 2,619 Industrial — — — — 1,693 1,693 Office — — — — 1,651 1,651 Apartments — — — — 516 516 Mixed use — — — — 249 249 Other — — — — 268 268 Total recorded investment $ — $ — $ — $ — $ 6,996 $ 6,996 % of total commercial mortgage loans — % — % — % — % 100 % 100 % December 31, 2018 (Amounts in millions) 31 - 60 days 61 - 90 days Greater than Total 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 Nine months ended (Amounts in millions) 2019 2018 2019 2018 Allowance for credit losses: Beginning balance $ 11 $ 9 $ 9 $ 9 Charge-offs — — — — Recoveries — — — — Provision 1 — 3 — Ending balance $ 12 $ 9 $ 12 $ 9 Ending allowance for individually impaired loans $ — $ — $ — $ — Ending allowance for loans not individually impaired that were evaluated collectively for impairment $ 12 $ 9 $ 12 $ 9 Recorded investment: Ending balance $ 6,996 $ 6,581 $ 6,996 $ 6,581 Ending balance of individually impaired loans $ — $ 6 $ — $ 6 Ending balance of loans not individually impaired that were evaluated collectively for impairment $ 6,996 $ 6,575 $ 6,996 $ 6,575
Loan To Value Ratio
Commercial Mortgage Loans by Property Type	The following tables set forth the loan-to-value September 30, 2019 (Amounts in millions) 0% - 51% - 61% - 76% - Greater than 100% (1) Total Property type: Retail $ 820 $ 543 $ 1,241 $ 15 $ — $ 2,619 Industrial 695 303 679 14 2 1,693 Office 556 367 728 — — 1,651 Apartments 194 95 222 5 — 516 Mixed use 95 38 116 — — 249 Other 42 67 159 — — 268 Total recorded investment $ 2,402 $ 1,413 $ 3,145 $ 34 $ 2 $ 6,996 % of total 34 % 20 % 45 % 1 % — % 100 % Weighted-average debt service coverage ratio 2.40 1.84 1.58 1.46 0.88 1.91 (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 December 31, 2018 (Amounts in millions) 0% - 50% 51% - 61% - 76% - Greater 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
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: September 30, 2019 (Amounts in millions) Less 1.00 - 1.26 - 1.51 - Greater Total Property type: Retail $ 34 $ 144 $ 636 $ 1,241 $ 564 $ 2,619 Industrial 21 67 258 719 628 1,693 Office 50 46 222 825 508 1,651 Apartments 4 23 106 190 193 516 Mixed use — 21 51 82 95 249 Other 12 131 52 39 34 268 Total recorded investment $ 121 $ 432 $ 1,325 $ 3,096 $ 2,022 $ 6,996 % of total 2 % 6 % 19 % 44 % 29 % 100 % Weighted-average loan-to-value 55 % 60 % 64 % 59 % 42 % 55 % December 31, 2018 (Amounts in millions) Less 1.00 - 1.26 - 1.51 - Greater 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: September 30, 2019 December 31, 2018 (Amounts in millions) Carrying % of Carrying % of Property type: Retail $ 2,619 37 % $ 2,463 37 % Industrial 1,693 24 1,659 25 Office 1,651 24 1,548 23 Apartments 516 7 495 7 Mixed use 249 4 254 4 Other 268 4 281 4 Subtotal 6,996 100 % 6,700 100 % Unamortized balance of loan origination fees and costs (4 ) (4 ) Allowance for credit losses (12 ) (9 ) Total $ 6,980 $ 6,687 September 30, 2019 December 31, 2018 (Amounts in millions) Carrying % of Carrying % of Geographic region: South Atlantic $ 1,731 25 % $ 1,709 26 % Pacific 1,673 24 1,684 25 Middle Atlantic 1,002 14 950 14 Mountain 727 10 667 10 West North Central 488 7 470 7 East North Central 457 7 405 6 West South Central 444 6 364 6 New England 259 4 228 3 East South Central 215 3 223 3 Subtotal 6,996 100 % 6,700 100 % Unamortized balance of loan origination fees and costs (4 ) (4 ) Allowance for credit losses (12 ) (9 ) Total $ 6,980 $ 6,687

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 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 (Amounts in millions) Balance sheet September 30, December 31, Balance sheet September 30, December 31, Derivatives designated as Cash flow hedges: Interest rate swaps Other invested assets $ 402 $ 42 Other liabilities $ — $ 102 Foreign currency swaps Other invested assets 10 6 Other liabilities — — Total cash flow hedges 412 48 — 102 Total derivatives 412 48 — 102 Derivatives not designated as Equity index options Other invested assets 62 39 Other liabilities — — Financial futures Other invested assets — — Other liabilities — — Other foreign currency Other invested assets 13 10 Other liabilities 4 7 GMWB embeddedderivatives Reinsurance recoverable (1) 25 20 Policyholder account balances (2) 381 337 Fixed index annuity embedded Other assets — — Policyholder account balances (3) 444 389 Indexed universal lifeembedded Reinsurance recoverable — — Policyholder account balances (4) 18 12 Total derivatives not 100 69 847 745 Total derivatives $ 512 $ 117 $ 847 $ 847 (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: (Notional in millions) Measurement December 31, Additions Maturities/ September 30, Derivatives designated as hedges Cash flow hedges: Interest rate swaps Notional $ 9,924 $ 1,414 $ (2,313 ) $ 9,025 Foreign currency swaps Notional 80 52 (22 ) 110 Total cash flow hedges 10,004 1,466 (2,335 ) 9,135 Total derivatives designated as hedges 10,004 1,466 (2,335 ) 9,135 Derivatives not designated as hedges Interest rate swaps Notional 4,674 — — 4,674 Interest rate caps Notional 424 — — 424 Equity index options Notional 2,628 1,539 (1,730 ) 2,437 Financial futures Notional 1,415 4,335 (4,528 ) 1,222 Other foreign currency contracts Notional 646 5,436 (3,697 ) 2,385 Total derivatives not designated as hedges 9,787 11,310 (9,955 ) 11,142 Total derivatives $ 19,791 $ 12,776 $ (12,290 ) $ 20,277 (Number of policies) Measurement December 31, Additions Maturities/ September 30, Derivatives not designated as hedges GMWB embedded derivatives Policies 27,886 — (1,719 ) 26,167 Fixed index annuity embedded derivatives Policies 16,464 — (698 ) 15,766 Indexed universal life embedded derivatives Policies 929 — (34 ) 895
Schedule of Pre-Tax Income (Loss) Effects of Cash Flow Hedges	The following table provides information about the pre-tax (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ 406 $ 41 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging assets — 4 Net investment gains (losses) — Net investment gains (losses) Interest rate swaps hedging liabilities (23 ) — Interest expense — Net investment gains (losses) Foreign currency swaps 5 1 Net investment income — Net investment gains (losses) Total $ 388 $ 46 $ — The following table provides information about the pre-tax (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ (164 ) $ 38 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging liabilities 9 — Interest expense — Net investment gains (losses) Foreign currency swaps 1 — Net investment income — Net investment gains (losses) Total $ (154 ) $ 38 $ — The following table provides information about the pre-tax (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ 759 $ 121 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 (55 ) — Interest expense — Net investment gains (losses) Foreign currency swaps 4 — Net investment income — Net investment gains (losses) Foreign currency swaps — — Net investment gains (losses) 2 Net investment gains (losses) Total $ 708 $ 127 $ 2 The following table provides information about the pre-tax (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ (391 ) $ 112 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 31 — Interest expense — Net investment gains (losses) Foreign currency swaps 1 — Net investment income — Net investment gains (losses) Total $ (359 ) $ 117 $ —
Reconciliation of Current Period Changes, Net of Applicable Income Taxes, for Derivatives Qualifying as Hedge	The following tables provide 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 (Amounts in millions) 2019 2018 Derivatives qualifying as effective accounting hedges as of July 1 $ 1,983 $ 1,863 Current period increases (decreases) in fair value, net of deferred taxes of $(82) and $32 306 (122 ) Reclassification to net (income), net of deferred taxes of $16 and $14 (30 ) (24 ) Derivatives qualifying as effective accounting hedges as of September 30 $ 2,259 $ 1,717 Nine months (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 $(148) and $75 560 (287 ) Reclassification to net (income), net of deferred taxes of $45 and $42 (82 ) (75 ) Derivatives qualifying as effective accounting hedges as of September 30 $ 2,259 $ 1,717
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 Three months ended September 30, Classification of gain (loss) recognized (Amounts in millions) 2019 2018 in net income Interest rate swaps $ (2 ) $ 2 Net investment gains (losses) Equity index options 1 19 Net investment gains (losses) Financial futures 35 (42 ) Net investment gains (losses) Other foreign currency contracts (10 ) — Net investment gains (losses) GMWB embedded derivatives (44 ) 39 Net investment gains (losses) Fixed index annuity embedded derivatives (14 ) (29 ) Net investment gains (losses) Indexed universal life embedded derivatives 1 3 Net investment gains (losses) Total derivatives not designated as $ (33 ) $ (8 ) Nine months ended September 30, Classification of gain (loss) recognized (Amounts in millions) 2019 2018 in net income Interest rate swaps $ (6 ) $ (1 ) Net investment gains (losses) Equity index options 28 12 Net investment gains (losses) Financial futures 8 (79 ) Net investment gains (losses) Equity return swaps — (4 ) Net investment gains (losses) Other foreign currency contracts (17 ) 13 Net investment gains (losses) GMWB embedded derivatives (21 ) 66 Net investment gains (losses) Fixed index annuity embedded derivatives (72 ) (36 ) Net investment gains (losses) Indexed universal life embedded derivatives 1 10 Net investment gains (losses) Total derivatives not designated as $ (79 ) $ (19 )
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: September 30, 2019 December 31, 2018 (Amounts in millions) Derivatives assets (1) Derivatives liabilities (1) Net Derivatives assets (1) Derivatives liabilities (1) Net Amounts presented in the balance sheet: Gross amounts recognized $ 487 $ 4 $ 483 $ 97 $ 109 $ (12 ) Gross amounts offset in the balance sheet — — — — — — Net amounts presented in the balance sheet 487 4 483 97 109 (12 ) Gross amounts not offset in the balance sheet: Financial instruments (2) (1 ) (1 ) — (8 ) (8 ) — Collateral received (312 ) — (312 ) (54 ) — (54 ) Collateral pledged — (383 ) 383 — (535 ) 535 Over collateralization 6 379 (373 ) — 434 (434 ) Net amount $ 180 $ (1 ) $ 181 $ 35 $ — $ 35 (1) Does not include amounts related to embedded derivatives as of September 30, 2019 and December 31, 2018. (2) 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)	9 Months Ended
	Sep. 30, 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: September 30, 2019 Notional Carrying Fair value (Amounts in millions) amount amount Total Level 1 Level 2 Level 3 Assets: Commercial mortgage loans (1) $ 6,980 $ 7,286 $ — $ — $ 7,286 Restricted commercial mortgage loans (1) 53 58 — — 58 Other invested assets: Bank loan investments (1) 353 351 — — 351 Liabilities: Long-term borrowings (1) 3,706 3,469 — 3,333 136 Non-recourse (1) 311 210 — — 210 Investment contracts (1) 11,987 12,919 — — 12,919 Other firm commitments: Commitments to fund limited partnerships 1,009 — — — — — Commitments to fund bank loan investments 51 — — — — — Ordinary course of business lending 103 — — — — — 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 Other invested assets: Bank loan investments (1) 248 248 — — 248 Liabilities: Long-term borrowings (1) 3,707 3,251 — 3,108 143 Non-recourse (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.
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 September 30, 2019: (Amounts in millions) Fair value Primary methodologies Significant inputs U.S. government, agencies and government-sponsored enterprises $ 5,254 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 $ 2,657 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. $ 1,344 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 $ 29,081 Multi-dimensional attribute-based modeling systems, broker quotes, price quotes from market makers, 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. $ 8,389 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 $ 2,343 OAS-based 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 $ 2,965 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 $ 3,235 Multi-dimensional attribute-based modeling systems, spread matrix priced to swap curves, price quotes from market makers 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 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: September 30, 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 $ 5,254 $ — $ 5,254 $ — $ — State and political subdivisions 2,729 — 2,657 72 — Non-U.S. 1,359 — 1,359 — — U.S. corporate: Utilities 5,057 — 4,233 824 — Energy 2,758 — 2,623 135 — Finance and insurance 7,855 — 7,243 612 — Consumer—non-cyclical 5,732 — 5,634 98 — Technology and communications 3,211 — 3,161 50 — Industrial 1,418 — 1,378 40 — Capital goods 2,720 — 2,620 100 — Consumer—cyclical 1,850 — 1,674 176 — Transportation 1,469 — 1,412 57 — Other 354 — 186 168 — Total U.S. corporate 32,424 — 30,164 2,260 — Non-U.S. Utilities 896 — 499 397 — Energy 1,389 — 1,124 265 — Finance and insurance 2,348 — 2,151 197 — Consumer—non-cyclical 699 — 635 64 — Technology and communications 1,133 — 1,105 28 — Industrial 994 — 917 77 — Capital goods 660 — 481 179 — Consumer—cyclical 386 — 249 137 — Transportation 728 — 528 200 — Other 1,423 — 1,292 131 — Total non-U.S. 10,656 — 8,981 1,675 — Residential mortgage-backed 2,375 — 2,343 32 — Commercial mortgage-backed 3,071 — 2,965 106 — Other asset-backed 3,365 — 3,235 130 — Total fixed maturity securities 61,233 — 56,958 4,275 — Equity securities 239 62 123 54 — Other invested assets: Derivative assets: Interest rate swaps 402 — 402 — — Foreign currency swaps 10 — 10 — — Equity index options 62 — — 62 — Other foreign currency contracts 13 — 13 — — Total derivative assets 487 — 425 62 — Securities lending collateral 62 — 62 — — Short-term investments 210 — 210 — — Limited partnerships 443 — — — 443 Total other invested assets 1,202 — 697 62 443 Reinsurance recoverable (2) 25 — — 25 — Separate account assets 6,005 6,005 — — — Total assets $ 68,704 $ 6,067 $ 57,778 $ 4,416 $ 443 (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. 1,268 — 1,268 — — U.S. corporate: Utilities 4,675 — 4,032 643 — Energy 2,412 — 2,291 121 — Finance and insurance 6,808 — 6,274 534 — Consumer—non-cyclical 5,036 — 4,963 73 — Technology and communications 2,841 — 2,791 50 — Industrial 1,221 — 1,182 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 28,698 — 26,700 1,998 — Non-U.S. Utilities 821 — 417 404 — Energy 1,221 — 1,004 217 — Finance and insurance 2,106 — 1,935 171 — Consumer—non-cyclical 690 — 584 106 — Technology and communications 1,040 — 1,014 26 — Industrial 916 — 855 61 — Capital goods 572 — 399 173 — Consumer—cyclical 313 — 191 122 — Transportation 610 — 439 171 — Other 1,481 — 1,400 81 — Total non-U.S. corporate 9,770 — 8,238 1,532 — Residential mortgage-backed 2,618 — 2,583 35 — Commercial mortgage-backed 3,016 — 2,921 95 — Other asset-backed 3,036 — 2,882 154 — Total fixed maturity securities 55,589 — 51,724 3,865 — Equity securities 275 153 64 58 — Other invested assets: Derivative assets: Interest rate swaps 42 — 42 — — Foreign currency swaps 6 — 6 — — Equity index options 39 — — 39 — Other foreign currency contracts 10 — 10 — — Total derivative assets 97 — 58 39 — Securities lending collateral 102 — 102 — — Short-term investments 195 — 195 — — Limited partnerships 318 — — — 318 Total other invested assets 712 — 355 39 318 Reinsurance recoverable (2) 20 — — 20 — Separate account assets 5,859 5,859 — — — Total assets $ 62,455 $ 6,012 $ 52,143 $ 3,982 $ 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 fai r Beginning Total realized and Transfer Level 3 (1) Transfer Level 3 (1) Ending Total gains (Amounts in millions) Included net income Included Purchases Sales Issuances Settlements Fixed maturity securities: State and political subdivisions $ 61 $ — $ 11 $ — $ — $ — $ — $ — $ — $ 72 $ 1 U.S. corporate: Utilities 789 1 28 13 — — (7 ) — — 824 — Energy 122 — 2 12 — — (1 ) — — 135 — Finance and insurance 607 — 11 — — — (26 ) 20 — 612 — Consumer—non-cyclical 89 — 1 9 — — (1 ) — — 98 — Technology and 44 — 1 — — — — 5 — 50 — Industrial 40 — — — — — — — — 40 — Capital goods 98 — 2 — — — — — — 100 — Consumer—cyclical 185 — 2 — — — (2 ) — (9 ) 176 — Transportation 54 — 1 3 — — (1 ) — — 57 — Other 199 — — — — — — — (31 ) 168 — Total U.S. corporate 2,227 1 48 37 — — (38 ) 25 (40 ) 2,260 — Non-U.S. Utilities 417 — 5 — — — (25 ) — — 397 — Energy 241 — 5 31 — — (12 ) — — 265 — Finance and insurance 179 1 4 — — — (3 ) 16 — 197 1 Consumer—non-cyclical 68 — 1 — — — (5 ) — — 64 — Technology and 27 — 1 — — — — — — 28 — Industrial 64 — — 13 — — — — — 77 — Capital goods 181 — 2 — — — (4 ) — — 179 — Consumer—cyclical 126 — 2 9 — — — — — 137 — Transportation 199 — 1 — — — — — — 200 — Other 129 — 3 — — — (1 ) — — 131 — Total non-U.S. 1,631 1 24 53 — — (50 ) 16 — 1,675 1 Residential mortgage-backed 36 — 1 — — — (1 ) — (4 ) 32 — Commercial mortgage-backed 92 — 14 — — — — — — 106 — Other asset-backed 234 — — 13 — — (11 ) — (106 ) 130 — Total fixed maturity securities 4,281 2 98 103 — — (100 ) 41 (150 ) 4,275 2 Equity securities 56 — — — (2 ) — — — — 54 — Other invested assets: Derivative assets: Equity index options 65 1 — 13 — — (17 ) — — 62 — Total derivative assets 65 1 — 13 — — (17 ) — — 62 — Total other invested assets 65 1 — 13 — — (17 ) — — 62 — Reinsurance recoverable (2) 20 5 — — — — — — — 25 5 Total Level 3 assets $ 4,422 $ 8 $ 98 $ 116 $ (2 ) $ — $ (117 ) $ 41 $ (150 ) $ 4,416 $ 7 (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. Total gains (losses) Beginning Total realized and Ending included in balance unrealized gains balance net income as of (losses) Transfer Transfer as of attributable July 1, Included in Included into out of September 30, to assets (Amounts in millions) 2018 net income in OCI Purchases Sales Issuances Settlements Level 3 (1) Level 3 (1) 2018 still held Fixed maturity securities: State and political subdivisions $ 52 $ 1 $ 11 $ — $ — $ — $ — $ — $ (11 ) $ 53 $ 1 U.S. corporate: Utilities 622 — (11 ) 20 — — — — — 631 — Energy 138 — — — — — (14 ) — — 124 — Finance and insurance 458 — (2 ) 18 — — (2 ) — (3 ) 469 — Consumer—non-cyclical 79 — (1 ) — — — — — — 78 — Technology and 12 — (1 ) 1 — — — 7 (7 ) 12 — Industrial 40 — — — — — — — — 40 — Capital goods 119 — (1 ) — — — — — — 118 — Consumer—cyclical 254 — (1 ) — (1 ) — (5 ) — (7 ) 240 — Transportation 56 — — — — — (1 ) — — 55 — Other 153 — (1 ) — — — (1 ) — — 151 — Total U.S. corporate 1,931 — (18 ) 39 (1 ) — (23 ) 7 (17 ) 1,918 — Non-U.S. Utilities 333 — (3 ) — — — — — (7 ) 323 — Energy 175 — — — — — (11 ) 25 — 189 — Finance and insurance 150 1 (2 ) — — — — — — 149 1 Consumer—non-cyclical 108 — — — — — (1 ) — — 107 — Techn ology and communications 16 — — 10 — — — — — 26 — Industrial 105 — (1 ) — — — — — (25 ) 79 — Capital goods 166 — (1 ) — — — — — — 165 — Consumer—cyclical 48 — (1 ) — — — — — — 47 — Transportation 203 — (2 ) 16 — — — 1 (17 ) 201 — Other 82 — (1 ) — — — — — — 81 — Total non-U.S. 1,386 1 (11 ) 26 — — (12 ) 26 (49 ) 1,367 1 Residential mortgage-backed 34 — (1 ) — — — — 11 — 44 — Commercial mortgage-backed 44 — — 18 — — — 13 — 75 — Other asset-backed 156 — — 15 — — (18 ) 6 (18 ) 141 — Total fixed maturity securities 3,603 2 (19 ) 98 (1 ) — (53 ) 63 (95 ) 3,598 2 Equity securities 46 — — 5 (1 ) — — — — 50 — Other invested assets: Derivative assets: Equity index options 70 19 — 15 — — (25 ) — — 79 14 Total derivative assets 70 19 — 15 — — (25 ) — — 79 14 Total other invested assets 70 19 — 15 — — (25 ) — — 79 14 Reinsurance recoverable (2) 12 (2 ) — — — 1 — — — 11 (2 ) Total Level 3 assets $ 3,731 $ 19 $ (19 ) $ 118 $ (2 ) $ 1 $ (78 ) $ 63 $ (95 ) $ 3,738 $ 14 (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. The following tables present additional information about assets measured at fai r Beginning balance as of Total realized and unrealized gains (losses) Transfer Transfer Ending balance as of Total gains (losses) included in net income attributable (Amounts in millions) January 1, Included income Included in OCI Purchases Sales Issuances Settlements into Level 3 (1) out of Level 3 (1) September 30, to assets still held Fixed maturity securities: State and political subdivisions $ 51 $ 2 $ 19 $ — $ — $ — $ — $ — $ — $ 72 $ 2 U.S. corporate: Utilities 643 1 70 109 (14 ) — (47 ) 72 (10 ) 824 — Energy 121 — 9 17 — — (12 ) — — 135 — Finance and insurance 534 — 49 40 — — (38 ) 27 — 612 — Consumer—non-cyclical 73 — 4 23 — — (11 ) 9 — 98 — Technology and communications 50 — 6 — — — — 5 (11 ) 50 — Industrial 39 — 1 — — — — — — 40 — Capital goods 92 — 8 — — — — — — 100 — Consumer—cyclical 211 — 12 — (13 ) — (16 ) — (18 ) 176 — Transportation 57 — 2 7 — — (9 ) — — 57 — Other 178 — 6 22 — — (15 ) 8 (31 ) 168 — Total U.S. corporate 1,998 1 167 218 (27 ) — (148 ) 121 (70 ) 2,260 — Non-U.S. Utilities 404 — 28 30 (7 ) — (42 ) — (16 ) 397 — Energy 217 — 17 47 — — (16 ) — — 265 — Finance and insurance 171 3 22 7 — — (16 ) 16 (6 ) 197 3 Consumer—non-cyclical 106 2 5 — — — (49 ) — — 64 — Technology and communications 26 — 2 — — — — — — 28 — Industrial 61 — 3 13 — — — — — 77 — Capital goods 173 — 11 10 — — (15 ) — — 179 — Consumer—cyclical 122 — 10 9 — — (4 ) — — 137 — Transportation 171 — 10 19 — — — — — 200 — Other 81 — 11 35 — — (2 ) 6 — 131 — Total non-U.S. corporate 1,532 5 119 170 (7 ) — (144 ) 22 (22 ) 1,675 3 Residential mortgage-backed 35 — 2 — — — (1 ) — (4 ) 32 — Commercial mortgage-backed 95 — 23 2 — — — — (14 ) 106 — Other asset-backed 154 — 2 109 — — (53 ) 28 (110 ) 130 — Total fixed maturity securities 3,865 8 332 499 (34 ) — (346 ) 171 (220 ) 4,275 5 Equity securities 58 — — 2 (6 ) — — — — 54 — Other invested assets: Derivative assets: Equity index options 39 28 — 34 — — (39 ) — — 62 (2 ) Total derivative assets 39 28 — 34 — — (39 ) — — 62 (2 ) Total other invested assets 39 28 — 34 — — (39 ) — — 62 (2 ) Reinsurance recoverable (2) 20 4 — — — 1 — — — 25 4 Total Level 3 assets $ 3,982 $ 40 $ 332 $ 535 $ (40 ) $ 1 $ (385 ) $ 171 $ (220 ) $ 4,416 $ 7 (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. Beginning balance as of Total realized Transfer Transfer Ending balance Total gains (losses) included in net income (Amounts in millions) January 1, Included Included Purchases Sales Issuances Settlements into Level 3 (1) out of Level 3 (1) September 30, to assets Fixed maturity securities: U.S. government, agenciesand government-sponsored $ 1 $ — $ — $ — $ — $ — $ (1 ) $ — $ — $ — $ — State and political subdivisions 37 2 7 — — — — 18 (11 ) 53 2 U.S. corporate: Utilities 574 (1 ) (36 ) 89 (12 ) — (4 ) 25 (4 ) 631 — Energy 147 — (5 ) 22 — — (33 ) — (7 ) 124 — Finance and insurance 626 1 (69 ) 44 — — (112 ) — (21 ) 469 1 Consumer—non-cyclical 81 — (3 ) — — — — — — 78 — Technology and 73 — (6 ) 5 — — (60 ) 7 (7 ) 12 — Industrial 39 — 1 — — — — — — 40 — Capital goods 121 — (10 ) 24 — — (10 ) — (7 ) 118 — Consumer—cyclical 262 — (11 ) 17 (4 ) — (17 ) — (7 ) 240 — Transportation 60 — (1 ) — — — (4 ) — — 55 — Other 169 — (2 ) — (10 ) — (6 ) — — 151 — Total U.S. corporate 2,152 — (142 ) 201 (26 ) — (246 ) 32 (53 ) 1,918 1 Non-U.S. Utilities 343 — (16 ) 22 — — (20 ) 15 (21 ) 323 — Energy 176 — (6 ) 23 — — (29 ) 25 — 189 — Finance and insurance 161 3 (13 ) 1 — — (2 ) — (1 ) 149 3 Consumer—non-cyclical 124 — (4 ) — — — (13 ) — — 107 — Technology and 29 — — 10 — — (13 ) — — 26 — Industrial 116 — (5 ) 3 — — (10 ) — (25 ) 79 — Capital goods 191 1 (6 ) — — — (21 ) — — 165 1 Consumer—cyclical 54 — (3 ) — (1 ) — (3 ) — — 47 — Transportation 170 — (8 ) 38 — — — 18 (17 ) 201 — Other 52 — (4 ) 33 — — — — — 81 — Total non-U.S. corporate 1,416 4 (65 ) 130 (1 ) — (111 ) 58 (64 ) 1,367 4 Residential mortgage-backed 77 — (1 ) 29 — — (1 ) 11 (71 ) 44 — Commercial mortgage-backed 30 — (2 ) 53 — — — 26 (32 ) 75 — Other asset-backed 227 — (3 ) 66 — — (74 ) 54 (129 ) 141 — Total fixed maturity securities 3,940 6 (206 ) 479 (27 ) — (433 ) 199 (360 ) 3,598 7 Equity securities 44 — — 10 (4 ) — — — — 50 — Other invested assets: Derivative assets: Equity index options 80 12 — 44 — — (57 ) — — 79 10 Total derivative assets 80 12 — 44 — — (57 ) — — 79 10 Total other invested assets 80 12 — 44 — — (57 ) — — 79 10 Reinsurance recoverable (2) 14 (5 ) — — — 2 — — — 11 (5 ) Total Level 3 assets $ 4,078 $ 13 $ (206 ) $ 533 $ (31 ) $ 2 $ (490 ) $ 199 $ (360 ) $ 3,738 $ 12 (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 periods indicated: Three months Nine months September 30, September 30, (Amounts in millions) 2019 2018 2019 2018 Total realized and unrealized gains (losses) included in net income: Net investment income $ 2 $ 2 $ 8 $ 7 Net investment gains (losses) 6 17 32 6 Total $ 8 $ 19 $ 40 $ 13 Total gains (losses) included in net income attributable to assets still held: Net investment income $ 2 $ 2 $ 5 $ 7 Net investment gains (losses) 5 12 2 5 Total $ 7 $ 14 $ 7 $ 12
Summary of Significant Unobservable Inputs Used for Certain Asset 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 September 30, 2019: (Amounts in millions) Valuation Fair Unobservable Range Weighted- Fixed maturity securities: U.S. corporate: Utilities Internal models $ 748 Credit spreads 49 - 308 148 Energy Internal models 111 Credit spreads 73 309 173 Finance and insurance Internal models 596 Credit spreads 56 251 160 Consumer— non-cyclical Internal models 98 Credit spreads 85 309 154 Technology and Internal models 50 Credit spreads 167 309 227 Industrial Internal models 40 Credit spreads 110 213 150 Capital goods Internal models 100 Credit spreads 97 276 154 Consumer—cyclical Internal models 161 Credit spreads 93 252 163 Transportation Internal models 54 Credit spreads 56 227 107 Other Internal models 168 Credit spreads 70 148 89 Total U.S. corporate Internal models $ 2,126 Credit spreads 49 309 151 Non-U.S. Utilities Internal models $ 397 Credit spreads 74 224 137 Energy Internal models 246 Credit spreads 97 276 164 Finance and insurance Internal models 197 Credit spreads 109 195 133 Consumer—non-cyclical Internal models 64 Credit spreads 64 148 119 Technology and Internal models 28 Credit spreads 121 148 139 Industrial Internal models 77 Credit spreads 73 227 123 Capital goods Internal models 179 Credit spreads 85 276 162 Consumer—cyclical Internal models 133 Credit spreads 71 276 194 Transportation Internal models 200 Credit spreads 64 227 127 Other Internal models 127 Credit spreads 91 219 163 Total non-U.S. Internal models $ 1,648 Credit spreads 64 276 147 Derivative assets: Equity index options Discounted cash flows $ 62 Equity index volatility 6% - 29% 20 %
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: September 30, 2019 (Amounts in millions) Total Level 1 Level 2 Level 3 Liabilities Policyholder account balances: GMWB embedded derivatives (1) $ 381 $ — $ — $ 381 Fixed index annuity embedded derivatives 444 — — 444 Indexed universal life embedded derivatives 18 — — 18 Total policyholder account balances 843 — — 843 Derivative liabilities: Other foreign currency contracts 4 — 4 — Total derivative liabilities 4 — 4 — Total liabilities $ 847 $ — $ 4 $ 843 (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 — Other foreign currency contracts 7 — 7 — Total derivative liabilities 109 — 109 — Total liabilities $ 847 $ — $ 109 $ 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) inp Beginning Total realized and Transfer into Transfer out of Ending as of September 30, Total (gains) to liabilities (Amounts in millions) Included Included Purchases Sales Issuances Settlements Policyholder account balances: GMWB embedded (1) $ 325 $ 49 $ — $ — $ — $ 7 $ — $ — $ — $ 381 $ 50 Fixed index annuity 438 14 — — — — (8 ) — — 444 14 Indexed universal life 15 (1 ) — — — 4 — — — 18 (1 ) Total policyholder account 778 62 — — — 11 (8 ) — — 843 63 Total Level 3 liabilities $ 778 $ 62 $ — $ — $ — $ 11 $ (8 ) $ — $ — $ 843 $ 63 (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. Beginning July 1, Total realized and Transfer into Transfer out of Ending as of September 30, Total (gains) to liabilities (Amounts in millions) Included Included Purchases Sales Issuances Settlements Policyholder account balances: GMWB embedded (1) $ 235 $ (41 ) $ — $ — $ — $ 7 $ — $ — $ — $ 201 $ (42 ) Fixed index annuity 420 29 — — — — (3 ) — — 446 29 Indexed universal life 13 (3 ) — — — 3 — — — 13 (3 ) Total policyholder account 668 (15 ) — — — 10 (3 ) — — 660 (16 ) Total Level 3 liabilities $ 668 $ (15 ) $ — $ — $ — $ 10 $ (3 ) $ — $ — $ 660 $ (16 ) (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. 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: Beginning as of Total realized and Ending as of Total (gains) attributable (Amounts in millions) Included Included Purchases Sales Issuances Settlements Transfer Transfer Policyholder account balances: GMWB embedded derivatives (1) $ 337 $ 25 $ — $ — $ — $ 19 $ — $ — $ — $ 381 $ 29 Fixed index annuityembedded derivatives 389 72 — — — — (17 ) — — 444 72 Indexed universal life 12 (1 ) — — — 7 — — — 18 (1 ) Total policyholder account 738 96 — — — 26 (17 ) — — 843 100 Total Level 3 liabilities $ 738 $ 96 $ — $ — $ — $ 26 $ (17 ) $ — $ — $ 843 $ 100 (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. Beginning as of Total realized and Transfer Transfer Ending as of Total (gains) attributable (Amounts in millions) Included Included Purchases Sales Issuances Settlements Policyholder account balances: GMWB embedded (1) $ 250 $ (71 ) $ — $ — $ — $ 22 $ — $ — $ — $ 201 $ (68 ) Fixed index annuity 419 36 — — — — (9 ) — — 446 36 Indexed universal life 14 (10 ) — — — 9 — — — 13 (10 ) Total policyholder 683 (45 ) — — — 31 (9 ) — — 660 (42 ) Total Level 3 liabilities $ 683 $ (45 ) $ — $ — $ — $ 31 $ (9 ) $ — $ — $ 660 $ (42 ) (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 periods indicated: Three months Nine months September 30, September 30, (Amounts in millions) 2019 2018 2019 2018 Total realized and unrealized (gains) losses included in net (income): Net investment income $ — $ — $ — $ — Net investment (gains) losses 62 (15 ) 96 (45 ) Total $ 62 $ (15 ) $ 96 $ (45 ) Total (gains) losses included in net (income) attributable to liabilities still held: Net investment income $ — $ — $ — $ — Net investment (gains) losses 63 (16 ) 100 (42 ) Total $ 63 $ (16 ) $ 100 $ (42 )
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 September 30, 2019: (Amounts in millions) Valuation technique Fair value Unobservable input Range Weighted-average Policyholder account balances: Withdrawal 48% - 88% 71 % Lapse rate 2% - 9% 3 % Non-performance (credit spreads) 9 - 83 65 GMWB embedded derivatives (1) Stochastic cash flow model $ 381 Equity index 13 20 % Fixed Option budget method $ 444 Expected future interest credited — 1 % Indexed universal life embedded Option budget method $ 18 Expected future interest credited 3 5 % (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.

Liability for Policy and Cont_2

Liability for Policy and Contract Claims (Tables)	9 Months Ended
	Sep. 30, 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 nine (Amounts in millions) 2019 2018 Beginning balance $ 10,295 $ 9,507 Less reinsurance recoverables (2,379 ) (2,419 ) Net beginning balance 7,916 7,088 Incurred related to insured events of: Current year 2,865 2,768 Prior years (237 ) (238 ) Total incurred 2,628 2,530 Paid related to insured events of: Current year (659 ) (702 ) Prior years (1,794 ) (1,738 ) Total paid (2,453 ) (2,440 ) Interest on liability for policy and contract claims 285 248 Foreign currency translation (9 ) (16 ) Net ending balance 8,367 7,410 Add reinsurance recoverables 2,413 2,352 Ending balance $ 10,780 $ 9,762

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 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 Nine months ended 2019 2018 2019 2018 Statutory U.S. federal income tax rate 21.0 % 21.0 % 21.0 % 21.0 % Increase (reduction) in rate resulting from: Swaps terminated prior to the TCJA 1.2 14.0 3.2 10.7 Provision to return adjustments (1.6 ) 0.5 (0.4 ) (1.0 ) Effect of foreign operations (0.8 ) 4.5 2.5 4.8 Nondeductible expense 0.1 1.4 0.5 1.2 TCJA, impact on foreign operations — (7.2 ) — (1.9 ) TCJA, impact from change in tax rate — — — 3.7 Valuation allowance — (8.5 ) — (3.6 ) Other, net — (3.5 ) (0.2 ) (0.4 ) Effective rate 19.9 % 22.2 % 26.6 % 34.5 %

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 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 Nine months ended (Amounts in millions) 2019 2018 2019 2018 Revenues: U.S. Mortgage Insurance segment $ 251 $ 214 $ 709 $ 622 Australia Mortgage Insurance segment 82 105 288 348 U.S. Life Insurance segment: Long-term care insurance 1,110 1,048 3,279 3,103 Life insurance 347 345 1,101 1,091 Fixed annuities 145 168 455 526 U.S. Life Insurance segment 1,602 1,561 4,835 4,720 Runoff segment 74 79 234 227 Corporate and Other activities 11 (7 ) (8 ) (1 ) Total revenues $ 2,020 $ 1,952 $ 6,058 $ 5,916
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 Nine months September 30, September 30, (Amounts in millions) 2019 2018 2019 2018 Net income available to Genworth Financial, Inc.’s common stockholders $ 18 $ 146 $ 360 $ 448 Add: net income from continuing operations attributable tononcontrolling interests 10 18 45 62 Add: net income from discontinued operations attributable to 30 46 101 114 Net income 58 210 506 624 Less: income ( loss (80 ) 105 42 284 Income from continuing operations 138 105 464 340 Less: net income from continuing operations attributable tononcontrolling interests 10 18 45 62 Income from continuing operations available to GenworthFinancial, Inc.’s common stockholders 128 87 419 278 Adjustments to income from continuing operations available to Net investment (gains) losses, net (1) (5 ) 14 (33 ) 26 Expenses related to restructuring — 2 4 2 Taxes on adjustments — (4 ) 6 (6 ) Adjusted operating income available to Genworth Financial, Inc.’s $ 123 $ 99 $ 396 $ 300 (1) For the three months ended September 30, 2019 and 2018, net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves of $(3) million in each period, and adjusted $ million in each period. Three months Nine months (Amounts in millions) 2019 2018 2019 2018 Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders: U.S. Mortgage Insurance segment $ 137 $ 118 $ 408 $ 366 Australia Mortgage Insurance segment 12 17 39 58 U.S. Life Insurance segment: Long-term care insurance 21 (24 ) 38 (34 ) Life insurance (25 ) (2 ) (17 ) 1 Fixed annuities 3 23 39 82 U.S. Life Insurance segment (1 ) (3 ) 60 49 Runoff segment 10 14 39 37 Corporate and Other activities (35 ) (47 ) (150 ) (210 ) Adjusted operating income available to Genworth Financial, Inc.’s common stockholders $ 123 $ 99 $ 396 $ 300
Summary of Segments and Corporate and Other Activities	The following is a summary of total assets for our segments and Corporate and Other activities as of the dates indicated: September 30, December 31, (Amounts in millions) 2019 2018 Assets: U.S. Mortgage Insurance segment $ 4,139 $ 3,583 Australia Mortgage Insurance segment 2,390 2,534 U.S. Life Insurance segment 82,378 79,799 Runoff segment 9,931 9,963 Corporate and Other activities 1,692 29 Segment assets from continuing operations 100,530 95,908 Assets held for sale related to discontinued operations 5,123 5,015 Total assets $ 105,653 $ 100,923

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 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: (Amounts in millions) Net (losses) (1) Derivatives hedges (2) Foreign Total Balances as of July 1, 2019 $ 1,305 $ 1,983 $ (275 ) $ 3,013 OCI before reclassifications 384 306 (64 ) 626 Amounts reclassified from (to) OCI (13 ) (30 ) — (43 ) Current period OCI 371 276 (64 ) 583 Balances as of September 30, 2019 before noncontrolling interests 1,676 2,259 (339 ) 3,596 Less: change in OCI attributable to noncontrolling interests 1 — (27 ) (26 ) Balances as of September 30, 2019 $ 1,675 $ 2,259 $ (312 ) $ 3,622 (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. (Amounts in millions) Net (losses) (1) Derivatives hedges (2) Foreign Total Balances as of July 1, 2018 $ 736 $ 1,863 $ (272 ) $ 2,327 OCI before reclassifications (141 ) (122 ) 20 (243 ) Amounts reclassified from (to) OCI 7 (24 ) — (17 ) Current period OCI (134 ) (146 ) 20 (260 ) Balances as of September 30, 2018 before noncontrolling interests 602 1,717 (252 ) 2,067 Less: change in OCI attributable to noncontrolling interests (6 ) — 6 — Balances as of September 30, 2018 $ 608 $ 1,717 $ (258 ) $ 2,067 (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. (Amounts in millions) Net (losses) (1) Derivatives hedges (2) Foreign Total Balances as of January 1, 2019 $ 595 $ 1,781 $ (332 ) $ 2,044 OCI before reclassifications 1,186 560 33 1,779 Amounts reclassified from (to) OCI (59 ) (82 ) — (141 ) Current period OCI 1,127 478 33 1,638 Balances as of September 30, 2019 before noncontrolling interests 1,722 2,259 (299 ) 3,682 Less: change in OCI attributable to noncontrolling interests 47 — 13 60 Balances as of September 30, 2019 $ 1,675 $ 2,259 $ (312 ) $ 3,622 (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. (Amounts in millions) Net (losses) (1) Derivatives hedges (2) Foreign 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 (682 ) (287 ) (165 ) (1,134 ) Amounts reclassified from (to) OCI 20 (75 ) — (55 ) Current period OCI (662 ) (362 ) (165 ) (1,189 ) Balances as of September 30, 2018 before noncontrolling interests 587 1,717 (335 ) 1,969 Less: change in OCI attributable to noncontrolling interests (21 ) — (77 ) (98 ) Balances as of September 30, 2018 $ 608 $ 1,717 $ (258 ) $ 2,067 (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: Amount reclassified from accumulated other comprehensive income (loss) Three months ended Nine months ended Affected line item in the consolidated statements of income (Amounts in millions) 2019 2018 2019 2018 Net unrealized investment (gains) losses: Unrealized (gains) losses on (1) $ (17 ) $ 9 $ (75 ) $ 25 Net investment (gains) losses (Provision) benefit for income taxes 4 (2 ) 16 (5 ) Provision for income taxes Total $ (13 ) $ 7 $ (59 ) $ 20 Derivatives qualifying as Interest rate swaps hedging assets $ (41 ) $ (38 ) $ (121 ) $ (112 ) Net investment income Interest rate swaps hedging assets (4 ) — (6 ) (5 ) Net investment (gains) losses Foreign currency swaps (1 ) — — — Net investment income Benefit for income taxes 16 14 45 42 Provision for income taxes Total $ (30 ) $ (24 ) $ (82 ) $ (75 ) (1) Amounts exclude adjustments to DAC, present value of future profits, sales inducements and benefit reserves.

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2019
Assets and Liabilities Held for Sale Related to Discontinued Operations	The major asset and liability categories were as follows as of the dates indicated: (Amounts in millions) September 30, December 31, Assets Investments: Fixed maturity securities available-for-sale, $ 4,225 $ 4,072 Equity securities, at fair value 373 380 Other invested assets 129 116 Total investments 4,727 4,568 Cash, cash equivalents and restricted cash 362 203 Accrued investment income 38 30 Deferred acquisition costs 125 121 Intangible assets and goodwill 15 14 Other assets 52 79 Assets held for sale related to discontinued operations 5,319 5,015 Impairment of disposal group and cost to sell (196 ) — Total assets held for sale related to discontinued operations $ 5,123 $ 5,015 Liabilities Liability for policy and contract claims $ 95 $ 84 Unearned premiums 1,588 1,533 Other liabilities 264 154 Long-term borrowings 329 318 Deferred tax liability 26 23 Liabilities held for sale related to discontinued operations $ 2,302 $ 2,112 A summary of operating results related to discontinued operations were as follows for the periods indicated: Three months ended Nine months ended (Amounts in millions) 2019 2018 2019 2018 Revenues: Premiums $ 130 $ 127 $ 381 $ 397 Net investment income 37 35 108 105 Net investment gains (losses) (12 ) 29 (12 ) (1 ) Total revenues 155 191 477 501 Benefits and expenses: Benefits and other changes in policy reserves 23 18 61 55 Acquisition and operating expenses, net of deferrals 20 12 52 42 Amortization of deferred acquisition costs and intangibles 11 11 32 32 Interest expense (1) 12 12 37 30 Total benefits and expenses 66 53 182 159 Income before income taxes and loss on sale (2) 89 138 295 342 Provision for income taxes 5 33 89 58 Income before loss on sale 84 105 206 284 Loss on sale, net of taxes (164 ) — (164 ) — Income (loss) from discontinued operations, net of taxes (80 ) 105 42 284 Less: net income from discontinued operations 30 46 101 114 Income (loss) from discontinued operations available to $ (110 ) $ 59 $ (59 ) $ 170 (1) Interest on debt that will be assumed by Brookfield and interest on debt required to be repaid as a result of the sale of Genworth Canada was allocated and reported in discontinued operations. A senior secured term loan facility (“Term Loan”), owed by Genworth Holdings and secured by GFIH’s ownership interest in Genworth Canada’s outstanding common shares, will be required to be repaid upon the sale of Genworth Canada. Accordingly, interest expense related to the Term Loan of million for both the three months ended September 30, 2019 and 2018, and million for the nine months ended September 30, 2019 and 2018, respectively, was allocated and reported in discontinued operations. (2) The three months ended September 30, 2019 and 2018 includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $47 million and $75 million, respectively. The nine months ended September 30, 2019 and 2018 includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $158 million and $188 million, respectively.
Schedule Of Income Loss On Sale Recorded In Our Disposition Group	The following table provides a summary of the loss on sale recorded in connection with our planned disposition of Genworth Canada: (Amounts in millions) Three months ended September 30, 2019 Net cash proceeds $ 1,726 Add: adjusted (1) 1,405 Total adjusted consideration (2) 3,131 Carrying value of the disposal group before accumulated other comprehensive income (loss) 3,017 Add: total accumulated other comprehensive (income) loss of disposal group (3) 303 Total adjusted carrying value of the disposal group 3,320 Pre-tax loss on sale (189 ) Tax benefit on sale 25 After-tax loss on sale $ (164 ) (1) In accordance with accounting guidance on the deconsolidation of a subsidiary or group of assets, the carrying amount of any noncontrolling interests in the subsidiary to be sold (adjusted to reflect amounts in accumulated other comprehensive income (loss) required to be derecognized upon final disposition) is added to the total fair value of the consideration to be received. (2) Represents the aggregate of the estimated net cash proceeds to be received upon sale closing plus the carrying amount of noncontrolling interests, including accumulated other comprehensive income (loss) attributable to noncontrolling interests. (3) Consists primarily of cumulative losses on foreign currency translation adjustments and deferred tax losses, partially offset by unrealized investment gains.

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Sep. 30, 2019
Condensed Consolidating Balance Sheet	The following table presents the condensed consolidating balance sheet information as of September 30, 2019: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Assets Investments: Fixed maturity securities available-for-sale, $ — $ — $ 61,433 $ (200 ) $ 61,233 Equity securities, at fair value — — 239 — 239 Commercial mortgage loans ($53 are restricted related to a securitization — — 7,033 — 7,033 Policy loans — — 2,069 — 2,069 Other invested assets — 82 1,623 (12 ) 1,693 Investments in subsidiaries 14,535 12,889 — (27,424 ) — Total investments 14,535 12,971 72,397 (27,636 ) 72,267 Cash, cash equivalents and restricted cash — 297 1,332 — 1,629 Accrued investment income — — 643 — 643 Deferred acquisition costs — — 1,881 — 1,881 Intangible assets and goodwill — — 210 — 210 Reinsurance recoverable — — 17,180 — 17,180 Other assets 3 54 422 — 479 Intercompany notes receivable — 279 — (279 ) — Deferred tax assets 4 883 (651 ) — 236 Separate account assets — — 6,005 — 6,005 Assets held for sale related to discontinued operations — — 5,123 — 5,123 Total assets $ 14,542 $ 14,484 $ 104,542 $ (27,915 ) $ 105,653 Liabilities and equity Liabilities: Future policy benefits $ — $ — $ 40,489 $ — $ 40,489 Policyholder account balances — — 22,607 — 22,607 Liability for policy and contract claims — — 10,780 — 10,780 Unearned premiums — — 1,863 — 1,863 Other liabilities 1 52 1,405 (13 ) 1,445 Intercompany notes payable 154 200 125 (479 ) — Non-recourse funding obligations — — 311 — 311 Long-term borrowings — 3,571 135 — 3,706 Separate account liabilities — — 6,005 — 6,005 Liabilities held for sale related to discontinued operations — — 2,302 — 2,302 Total liabilities 155 3,823 86,022 (492 ) 89,508 Equity: Common stock 1 — 3 (3 ) 1 Additional paid-in capital 11,986 9,095 18,429 (27,524 ) 11,986 Accumulated other comprehensive income (loss) 3,622 3,580 3,677 (7,257 ) 3,622 Retained earnings 1,478 (2,014 ) (5,647 ) 7,661 1,478 Treasury stock, at cost (2,700 ) — — — (2,700 ) Total Genworth Financial, Inc.’s stockholders’ equity 14,387 10,661 16,462 (27,123 ) 14,387 Noncontrolling interests — — 2,058 (300 ) 1,758 Total equity 14,387 10,661 18,520 (27,423 ) 16,145 Total liabilities and equity $ 14,542 $ 14,484 $ 104,542 $ (27,915 ) $ 105,653 The following table presents the condens e Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Assets Investments: Fixed maturity securities available-for-sale, at fair value $ — $ — $ 55,789 $ (200 ) $ 55,589 Equity securities, at fair value — — 275 — 275 Commercial mortgage loans ($62 are restricted related to a securitization entity) — — 6,749 — 6,749 Policy loans — — 1,861 — 1,861 Other invested assets — 86 988 (2 ) 1,072 Investments in subsidiaries 12,570 11,462 — (24,032 ) — Total investments 12,570 11,548 65,662 (24,234 ) 65,546 Cash, cash equivalents and restricted cash — 429 1,545 — 1,974 Accrued investment income — — 649 (4 ) 645 Deferred acquisition costs — — 3,142 — 3,142 Intangible assets and goodwill — — 333 — 333 Reinsurance recoverable — — 17,278 — 17,278 Other assets 15 62 318 — 395 Intercompany notes receivable — 180 6 (186 ) — Deferred tax assets 14 907 (185 ) — 736 Separate account assets — — 5,859 — 5,859 Assets held for sale related to discontinued operations — — 5,015 — 5,015 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 — — 10,295 — 10,295 Unearned premiums — — 2,013 — 2,013 Other liabilities 27 97 1,412 (7 ) 1,529 Intercompany notes payable 122 207 57 (386 ) — Non-recourse funding obligations — — 311 — 311 Long-term borrowings — 3,567 140 — 3,707 Separate account liabilities — — 5,859 — 5,859 Liabilities held for sale related to discontinued operations — — 2,112 — 2,112 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
Condensed Consolidating Income Statement	The following table presents the condensed consolidating income statement information for the three months ended September 30, 2019: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Revenues: Premiums $ — $ — $ 1,015 $ — $ 1,015 Net investment income (1 ) 3 818 (4 ) 816 Net investment gains (losses) — (1 ) (1 ) — (2 ) Policy fees and other income — — 192 (1 ) 191 Total revenues (1 ) 2 2,024 (5 ) 2,020 Benefits and expenses: Benefits and other changes in policy reserves — — 1,284 — 1,284 Interest credited — — 146 — 146 Acquisition and operating expenses, net of deferrals 6 — 241 — 247 Amortization of deferred acquisition costs and intangibles — — 112 — 112 Interest expense — 57 7 (5 ) 59 Total benefits and expenses 6 57 1,790 (5 ) 1,848 Income (loss) from continuing operations before income taxes and equity (7 ) (55 ) 234 — 172 Provision (benefit) for income taxes (39 ) (10 ) 83 — 34 Equity in loss of subsidiaries (14 ) (91 ) — 105 — Income (loss) from continuing operations 18 (136 ) 151 105 138 Income (loss) from discontinued operations, net of taxes — 1 (81 ) — (80 ) Net income (loss) 18 (135 ) 70 105 58 Less: net income from continuing operations attributable to noncontrolling — — 10 — 10 Less: net income from discontinued operations attributable to — — 30 — 30 Net income (loss) available to Genworth Financial, Inc.’s common $ 18 $ (135 ) $ 30 $ 105 $ 18 The following table presents the condensed consolidating income statement information for the three months ended September 30, 2018: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Revenues: Premiums $ — $ — $ 995 $ — $ 995 Net investment income (1 ) 4 781 (4 ) 780 Net investment gains (losses) — 4 (20 ) — (16 ) Policy fees and other income — (2 ) 195 — 193 Total revenues (1 ) 6 1,951 (4 ) 1,952 Benefits and expenses: Benefits and other changes in policy reserves — — 1,303 — 1,303 Interest credited — — 151 — 151 Acquisition and operating expenses, net of deferrals 8 1 222 — 231 Amortization of deferred acquisition costs and intangibles — — 72 — 72 Interest expense — 56 8 (4 ) 60 Total benefits and expenses 8 57 1,756 (4 ) 1,817 Income (loss) from continuing operations before income taxes and equity (9 ) (51 ) 195 — 135 Provision (benefit) for income taxes (25 ) — 55 — 30 Equity in income of subsidiaries 130 52 — (182 ) — Income from continuing operations 146 1 140 (182 ) 105 Income (loss) from discontinued operations, net of taxes — (6 ) 111 — 105 Net income (loss) 146 (5 ) 251 (182 ) 210 Less: net income from continuing operations attributable to noncontrolling interests — — 18 — 18 Less: net income from discontinued operations attributable to noncontrolling interests — — 46 — 46 Net income (loss) available to Genworth Financial, Inc.’s common stockholders $ 146 $ (5 ) $ 187 $ (182 ) $ 146 The following table presents the condensed consolidating income statement information for the nine months ended September 30, 2019: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Revenues: Premiums $ — $ — $ 3,004 $ — $ 3,004 Net investment income (2 ) 7 2,432 (11 ) 2,426 Net investment gains (losses) — (13 ) 40 — 27 Policy fees and other income — 2 603 (4 ) 601 Total revenues (2 ) (4 ) 6,079 (15 ) 6,058 Benefits and expenses: Benefits and other changes in policy reserves — — 3,817 — 3,817 Interest credited — — 439 — 439 Acquisition and operating expenses, net of deferrals 13 (2 ) 702 — 713 Amortization of deferred acquisition costs and intangibles — — 277 — 277 Interest expense 3 171 20 (15 ) 179 Total benefits and expenses 16 169 5,255 (15 ) 5,425 Income (loss) from continuing operations before income taxes and equity (18 ) (173 ) 824 — 633 Provision (benefit) for income taxes 5 (33 ) 197 — 169 Equity in income of subsidiaries 383 122 — (505 ) — Income (loss) from continuing operations 360 (18 ) 627 (505 ) 464 Income (loss) from discontinued operations, net of taxes — (12 ) 54 — 42 Net income (loss) 360 (30 ) 681 (505 ) 506 Less: net income from continuing operations attributable to noncontrolling interests — — 45 — 45 Less: net income from discontinued operations attributable to — — 101 — 101 Net income (loss) available to Genworth Financial, Inc.’s common $ 360 $ (30 ) $ 535 $ (505 ) $ 360 The following table presents the co n i (Amounts in millions) Parent Guarantor Issuer All Other Subsidiaries Eliminations Consolidated Revenues: Premiums $ — $ — $ 3,001 $ — $ 3,001 Net investment income (2 ) 11 2,344 (11 ) 2,342 Net investment gains (losses) — 2 (33 ) — (31 ) Policy fees and other income — (1 ) 607 (2 ) 604 Total revenues (2 ) 12 5,919 (13 ) 5,916 Benefits and expenses: Benefits and other changes in policy reserves — — 3,782 — 3,782 Interest credited — — 459 — 459 Acquisition and operating expenses, net of deferrals 22 1 671 — 694 Amortization of deferred acquisition costs and intangibles — — 267 — 267 Interest expense 1 185 22 (13 ) 195 Total benefits and expenses 23 186 5,201 (13 ) 5,397 Income (loss) from continuing operations before income taxes and equity in income of subsidiaries (25 ) (174 ) 718 — 519 Provision (benefit) for income taxes 13 (29 ) 195 — 179 Equity in income of subsidiaries 486 248 — (734 ) — Income from continuing operations 448 103 523 (734 ) 340 Income ( loss ) from discontinued operations, net of taxes — (13 ) 297 — 284 Net income 448 90 820 (734 ) 624 Less: net income from continuing operations attributable to noncontrolling interests — — 62 — 62 Less: net income from discontinued operations attributable to noncontrolling interests — — 114 — 114 Net income available to Genworth Financial, Inc.’s common stockholders $ 448 $ 90 $ 644 $ (734 ) $ 448
Condensed Consolidating Statement of Comprehensive Income	The following table presents the condensed consolidating comprehensive income ​​​​​​​statement information​​​​​​​ for the three months ended September 30, 2019: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Net income ( loss $ 18 $ (135 ) $ 70 $ 105 $ 58 Other comprehensive income (loss), net of taxes: Net unrealized gains (losses) on securities not other-than- 370 354 371 (724 ) 371 Derivatives qualifying as hedges 276 276 293 (569 ) 276 Foreign currency translation and other adjustments (37 ) (32 ) (64 ) 69 (64 ) Total other comprehensive income (loss) 609 598 600 (1,224 ) 583 Total comprehensive income 627 463 670 (1,119 ) 641 Less: comprehensive income attributable to noncontrolling interests — — 14 — 14 Total comprehensive income available to Genworth Financial, $ 627 $ 463 $ 656 $ (1,119 ) $ 627 The following table presents the condensed consolidating comprehensive income statement information for the three months ended September 30, 2018: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Net income (loss) $ 146 $ (5 ) $ 251 $ (182 ) $ 210 Other comprehensive income (loss), net of taxes: Net unrealized gains (losses) on securities not other-than-temporarily impaired (128 ) (120 ) (133 ) 247 (134 ) Net unrealized gains (losses) on other-than-temporarily — (1 ) — 1 — Derivatives qualifying as hedges (146 ) (146 ) (152 ) 298 (146 ) Foreign currency translation and other adjustments 14 6 19 (19 ) 20 Total other comprehensive income (loss) (260 ) (261 ) (266 ) 527 (260 ) Total comprehensive loss (114 ) (266 ) (15 ) 345 (50 ) Less: comprehensive income attributable to noncontrolling — — 64 — 64 Total comprehensive loss available to Genworth Financial, Inc.’s common stockholders $ (114 ) $ (266 ) $ (79 ) $ 345 $ (114 ) The following table presents the condensed consolidating comprehensive income statement information for the nine months ended September 30, 2019: Parent All Other (Amounts in millions) Guarantor Issuer Subsidiaries Eliminations Consolidated Net income (loss) $ 360 $ (30 ) $ 681 $ (505 ) $ 506 Other comprehensive income (loss), net of taxes: Net unrealized gains (losses) on securities not other-than- 1,079 948 1,126 (2,027 ) 1,126 Net unrealized gains (losses) on other-than-temporarily impaired 1 1 1 (2 ) 1 Derivatives qualifying as hedges 478 478 518 (996 ) 478 Foreign currency translation and other adjustments 20 9 32 (28 ) 33 Total other comprehensive income (loss) 1,578 1,436 1,677 (3,053 ) 1,638 Total comprehensive income 1,938 1,406 2,358 (3,558 ) 2,144 Less: comprehensive income attributable to noncontrolling interests — — 206 — 206 Total comprehensive income available to Genworth Financial, Inc.’s $ 1,938 $ 1,406 $ 2,152 $ (3,558 ) $ 1,938 The following table presents the condensed consolidating comprehensive income statement information for the nine months ended September 30, 2018: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Net income $ 448 $ 90 $ 820 $ (734 ) $ 624 Other comprehensive income (loss), net of taxes: Net unrealized gains (losses) on securities not other-than-temporarily impaired (639 ) (582 ) (659 ) 1,220 (660 ) Net unrealized gains (losses) on other-than-temporarily (2 ) (2 ) (2 ) 4 (2 ) Derivatives qualifying as hedges (362 ) (363 ) (385 ) 748 (362 ) Foreign currency translation and other adjustments (88 ) (76 ) (166 ) 165 (165 ) Total other comprehensive income (loss) (1,091 ) (1,023 ) (1,212 ) 2,137 (1,189 ) Total comprehensive loss (643 ) (933 ) (392 ) 1,403 (565 ) Less: comprehensive income attributable to noncontrolling — — 78 — 78 Total comprehensive loss available to Genworth Financial, Inc.’s common stockholders $ (643 ) $ (933 ) $ (470 ) $ 1,403 $ (643 )
Condensed Consolidating Statement of Cash Flows	The following table presents the condensed consolidating cash flow statement information for the nine months ended September 30, 2019: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Cash flows from (used by) operating activities: Net income (loss) $ 360 $ (30 ) $ 681 $ (505 ) $ 506 Less (income) loss from discontinued operations, net of taxes — 12 (54 ) — (42 ) Adjustments to reconcile net income (loss) to net cash from (used by) operating activities: Equity in income from subsidiaries (383 ) (122 ) — 505 — Dividends from subsidiaries — 83 (83 ) — — Amortization of fixed maturity securities discounts and — 5 (98 ) — (93 ) Net investment (gains) losses — 13 (40 ) — (27 ) Charges assessed to policyholders — — (532 ) — (532 ) Acquisition costs deferred — — (22 ) — (22 ) Amortization of deferred acquisition costs and intangibles — — 277 — 277 Deferred income taxes 10 39 57 — 106 Derivative instruments and limited partnerships — (52 ) 173 — 121 Stock-based compensation expense 16 — 1 — 17 Change in certain assets and liabilities: Accrued investment income and other assets — — (323 ) (4 ) (327 ) Insurance reserves — — 906 — 906 Current tax liabilities (6 ) 5 37 — 36 Other liabilities, policy and contract claims and other policy-related balances (18 ) (47 ) 419 (6 ) 348 Cash from operating activities—discontinued operations — 84 250 — 334 Net cash from (used by) operating activities (21 ) (10 ) 1,649 (10 ) 1,608 Cash flows used by investing activities: Proceeds from maturities and repayments of investments: Fixed maturity securities — — 2,734 — 2,734 Commercial mortgage loans — — 387 — 387 Restricted commercial mortgage loans related to a securitization — — 8 — 8 Proceeds from sales of investments: Fixed maturity and equity securities — — 3,024 — 3,024 Purchases and originations of investments: Fixed maturity and equity securities — — (5,805 ) — (5,805 ) Commercial mortgage loans — — (682 ) — (682 ) Other invested assets, net — 5 (274 ) 10 (259 ) Policy loans, net — — 51 — 51 Intercompany notes receivable — (99 ) 6 93 — Capital contributions to subsidiaries (4 ) — 4 — — Cash used by investing activities—discontinued operations — — (6 ) — (6 ) Net cash used by investing activities (4 ) (94 ) (553 ) 103 (548 ) Cash flows from (used by) financing activities: Deposits to universal life and investment contracts — — 637 — 637 Withdrawals from universal life and investment contracts — — (1,699 ) — (1,699 ) Repayment and repurchase of long-term debt — (3 ) — — (3 ) Repurchase of subsidiary shares — — (22 ) — (22 ) Dividends paid to noncontrolling interests — — (55 ) — (55 ) Intercompany notes payable 32 (7 ) 68 (93 ) — Other, net (7 ) (18 ) 1 — (24 ) Cash used by financing activities—discontinued operations — — (76 ) — (76 ) Net cash from (used by) financing activities 25 (28 ) (1,146 ) (93 ) (1,242 ) Effect of exchange rate changes on cash, cash equivalents and restricted 8 — — (4 ) — (4 ) Net change in cash, cash equivalents and restricted cash — (132 ) (54 ) — (186 ) 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 — 297 1,694 — 1,991 Less cash, cash equivalents and restricted cash of discontinued operations — — 362 — 362 Cash, cash equivalents and restricted cash of continuing operations at end of period (1) $ — $ 297 $ 1,332 $ — $ 1,629 (1) On October 18, 2019, our U.S. mortgage insurance business paid a $250 million dividend. The cash proceeds from the dividend will be reflected in Genworth Holdings’ (“Issuer”) cash, cash equivalents and restricted cash balance in the fourth quarter of 2019. The following table presents the condensed consolidating cash flow statement information for the nine months ended September 30, 2018: (Amounts in millions) Parent Issuer All Other Eliminations Consolidated Cash flows from operating activities: Net income $ 448 $ 90 $ 820 $ (734 ) $ 624 Less ( ) loss — 13 (297 ) — (284 ) Adjustments to reconcile net income to net cash from operating activities: Equity in income from subsidiaries (486 ) (248 ) — 734 — Dividends from subsidiaries 50 101 (151 ) — — Amortization of fixed maturity securities discounts and premiums — 4 (103 ) — (99 ) Net investment losses — (2 ) 33 — 31 Charges assessed to policyholders — — (528 ) — (528 ) Acquisition costs deferred — — (32 ) — (32 ) Amortization of deferred acquisition costs and intangibles — — 267 — 267 Deferred income taxes 23 (203 ) 299 — 119 Derivative instruments and limited partnerships — 33 (402 ) — (369 ) Stock-based compensation expense 23 — — — 23 Change in certain assets and liabilities: Accrued investment income and other assets — 149 (271 ) 3 (119 ) Insurance reserves — — 1,039 — 1,039 Current tax liabilities (33 ) 170 (104 ) — 33 Other liabilities, policy and contract claims and other policy-related balances (15 ) (174 ) 260 (9 ) 62 Cash from operating activities—discontinued operations — 68 138 — 206 Net cash from operating activities 10 1 968 (6 ) 973 Cash flows from (used by) investing activities: Proceeds from maturities and repayments of investments: Fixed maturity securities — — 2,661 — 2,661 Commercial mortgage loans — — 543 — 543 Restricted commercial mortgage loans related to a securitization entity — — 20 — 20 Proceeds from sales of investments: Fixed maturity and equity securities — — 2,853 — 2,853 Purchases and originations of investments: Fixed maturity and equity securities — — (5,486 ) — (5,486 ) Commercial mortgage loans — — (769 ) — (769 ) Other invested assets, net — — 244 6 250 Policy loans, net — — 35 — 35 Intercompany notes receivable — (19 ) 58 (39 ) — Capital contributions to subsidiaries (4 ) — 4 — — Cash used by investing activities—discontinued operations — — (38 ) — (38 ) Net cash from (used by) investing activities (4 ) (19 ) 125 (33 ) 69 Cash flows used by financing activities: Deposits to universal life and investment contracts — — 805 — 805 Withdrawals from universal life and investment contracts — — (1,806 ) — (1,806 ) Proceeds from the issuance of long-term debt — 441 — — 441 Repayment and repurchase of long-term debt — (598 ) — — (598 ) Repayment of borrowings related to a securitization entity — — (20 ) — (20 ) Repurchase of subsidiary shares — — (55 ) — (55 ) Dividends paid to noncontrolling interests — — (41 ) — (41 ) Intercompany notes payable (4 ) (58 ) 23 39 — Other, net (2 ) (28 ) 32 — 2 Cash used by financing activities—discontinued operations — — (78 ) — (78 ) Net cash used by financing activities (6 ) (243 ) (1,040 ) 39 (1,350 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash (includes $( 11 — — (62 ) — (62 ) Net change in cash, cash equivalents and restricted cash — (261 ) (109 ) — (370 ) 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 — 534 1,971 — 2,505 Less cash, cash equivalents and restricted cash of discontinued operations at end of period — — 208 — 208 Cash, cash equivalents and restricted cash of continuing operations at end of period $ — $ 534 $ 1,763 $ — $ 2,297

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	Sep. 30, 2019Segment	Apr. 01, 2013
Number of operating segments | Segment		4
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	9 Months Ended	12 Months Ended
	Sep. 30, 2019Location	Dec. 31, 2018USD ($)	Jan. 01, 2019USD ($)
Disclosue of Accounting Changes [Line Items]
Number of office space lease locations | Location	12
Operating Lease, Weighted Average Remaining Lease Term	6 years 7 months 6 days
Operating lease weighted average discount rate	6.51%
Lease rental expense		$ 11
Maximum [Member]
Disclosue of Accounting Changes [Line Items]
Operating lease term	11 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
Accrued rent expense, derecognized			$ 3

Earning (Loss) Per Share (Detai

Earning (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Weighted-average shares used in basic earnings per share calculations		503.5	500.7	502.7	500.3
Stock options, restricted stock units and stock appreciation rights		7.7	2.6	6.8	2.6
Weighted-average shares used in diluted earnings per share calculations		511.2	503.3	509.5	502.9
Income from continuing operations:
Income from continuing operations		$ 138	$ 105	$ 464	$ 340
Less: net income from continuing operations attributable to noncontrolling interests		10	18	45	62
Income from continuing operations available to Genworth Financial, Inc.'s common stockholders		$ 128	$ 87	$ 419	$ 278
Basic per share		$ 0.25	$ 0.17	$ 0.83	$ 0.56
Diluted per share		$ 0.25	$ 0.17	$ 0.82	$ 0.55
Income (loss) from discontinued operations:
Income (loss) from discontinued operations, net of taxes		$ (80)	$ 105	$ 42	$ 284
Less: net income from discontinued operations, net of taxes, attributable to noncontrolling interests		30	46	101	114
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders		$ (110)	$ 59	$ (59)	$ 170
Basic per share		$ (0.22)	$ 0.12	$ (0.12)	$ 0.34
Diluted per share		$ (0.21)	$ 0.12	$ (0.12)	$ 0.34
Net income:
Income from continuing operations		$ 138	$ 105	$ 464	$ 340
Income (loss) from discontinued operations, net of taxes		(80)	105	42	284
Net income		58	210	506	624
Less: net income attributable to noncontrolling interests		40	64	146	176
Net income available to Genworth Financial, Inc.'s common stockholders		$ 18	$ 146	$ 360	$ 448
Basic per share	[1]	$ 0.04	$ 0.29	$ 0.72	$ 0.89
Diluted per share	[1]	$ 0.04	$ 0.29	$ 0.71	$ 0.89
[1]	May not total due to whole number calculation.

Net Investment Income (Detail)

Net Investment Income (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net Investment Income [Line Items]
Gross investment income before expenses and fees	$ 841	$ 801	$ 2,499	$ 2,407
Expenses and fees	(25)	(21)	(73)	(65)
Net investment income	816	780	2,426	2,342
Fixed maturity securities—taxable
Net Investment Income [Line Items]
Gross investment income before expenses and fees	631	613	1,878	1,839
Fixed maturity securities—non-taxable
Net Investment Income [Line Items]
Gross investment income before expenses and fees	2	3	6	9
Equity Securities
Net Investment Income [Line Items]
Gross investment income before expenses and fees	4	6	13	16
Commercial mortgage loans
Net Investment Income [Line Items]
Gross investment income before expenses and fees	86	81	251	240
Restricted commercial mortgage loans related to securitization entities
Net Investment Income [Line Items]
Gross investment income before expenses and fees	1	1	3	5
Policy Loans
Net Investment Income [Line Items]
Gross investment income before expenses and fees	47	41	138	125
Other invested assets
Net Investment Income [Line Items]
Gross investment income before expenses and fees	62	44	180	136
Cash, cash equivalents, restricted cash and short-term investments
Net Investment Income [Line Items]
Gross investment income before expenses and fees	$ 8	$ 12	$ 30	$ 37

Net Investment Gains (Losses) (

Net Investment Gains (Losses) (Detail) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Investments [Abstract]
Realized gains		$ 19	$ 21	$ 93	$ 38
Realized losses		(3)	(30)	(30)	(62)
Net realized gains (losses) on available-for-sale fixed maturity securities		16	(9)	63	(24)
Total other-than-temporary impairments		0	0	0	0
Portion of other-than-temporary impairments included in other comprehensive income (loss)		0	0	0	0
Net other-than-temporary impairments		0	0	0	0
Net realized gains (losses) on equity securities sold		6	0	9	10
Net unrealized gains (losses) on equity securities still held		(4)	(2)	13	(11)
Limited partnerships		6	3	10	8
Commercial mortgage loans		(1)	0	(1)	0
Derivative instruments	[1]	(29)	(8)	(71)	(14)
Other		4	0	4	0
Total net investment gains (losses)		$ (2)	$ (16)	$ 27	$ (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)	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)Loan	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)Loan	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)Loan
Schedule of Investments [Line Items]
Aggregate fair value of securities sold	$ 107,000,000	$ 714,000,000	$ 1,112,000,000	$ 1,767,000,000
Aggregate fair value of securities sold, percentage of book value	96.00%	96.00%	97.00%	97.00%
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		$ 0
Commercial mortgage loans on nonaccrual status, past due less than 90 days	$ 0		$ 0		$ 0
Commercial mortgage loans modified or extended, number of loans | Loan	2		2		2
Commercial mortgage loans modified or extended, carrying value	$ 16,000,000		$ 16,000,000		$ 12,000,000
Investments in partnerships or similar entities generally considered VIEs	547,000,000		547,000,000		394,000,000
Commercial mortgage loans greater than 90 days past due
Schedule of Investments [Line Items]
Impaired loans, unpaid principal balance	$ 0		$ 0		3,000,000
Limited Partnership Interests
Schedule of Investments [Line Items]
Minimum threshold ownership percentage of limited partnership interest, equity method	3.00%		3.00%
Finance and insurance | Fixed maturity securities
Schedule of Investments [Line Items]
Percent of investment portfolio, greater than 10%			23.00%
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%			15.00%
Technology and Communications [Member] | Fixed maturity securities
Schedule of Investments [Line Items]
Percent of investment portfolio, greater than 10%			10.00%
Office
Schedule of Investments [Line Items]
Impaired loans, unpaid principal balance	$ 0	$ 6,000,000	$ 0	$ 6,000,000	$ 3,000,000

Credit Losses Recognized in Net

Credit Losses Recognized in Net Income (Loss) on Debt Securities (Detail) - Debt Securities - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Cumulative credit losses, beginning balance	$ 23	$ 25	$ 24	$ 32
Securities sold, paid down or disposed	0	0	(1)	(7)
Cumulative credit losses, ending balance	$ 23	$ 25	$ 23	$ 25

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		9 Months Ended	12 Months Ended
		Sep. 30, 2019	Dec. 31, 2018	Jun. 30, 2019	Sep. 30, 2018	Jun. 30, 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		$ (4,998)	$ (952)
Income taxes, net		(505)	(190)
Net unrealized investment gains (losses) including noncontrolling interests		1,760	633
Less: net unrealized investment gains (losses) attributable to noncontrolling interests		85	38
Net unrealized investment gains (losses)		1,675	595	$ 1,305	$ 608	$ 736	$ 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]	$ 7,263	$ 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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Investments [Abstract]
Net unrealized investment gains (losses), beginning of period	$ 1,305	$ 736	$ 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 fixed maturity securities	1,607	(564)	5,563	(3,150)
Adjustment to deferred acquisition costs	(8)	292	(1,049)	1,201
Adjustment to present value of future profits	1	9	(54)	65
Adjustment to sales inducements	(4)	3	(35)	32
Adjustment to benefit reserves	(1,108)	65	(2,908)	967
Provision for income taxes	(104)	54	(331)	203
Change in unrealized gains (losses) on investment securities	384	(141)	1,186	(682)
Reclassification adjustments to net investment (gains) losses	(13)	7	(59)	20
Change in net unrealized investment gains (losses)	371	(134)	1,127	(662)
Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests	1	(6)	47	(21)
Net unrealized investment gains (losses), end of period	$ 1,675	$ 608	$ 1,675	$ 608

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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 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	$ 4	$ (2)	$ 16	$ (5)

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	Sep. 30, 2019	Dec. 31, 2018
Schedule of Investments [Line Items]
Amortized cost or cost, total	$ 54,182	$ 53,920
Fair value, total	61,233	55,589
Amortized cost or cost, fixed maturity securities	54,182
Fair value, fixed maturity securities	61,233	55,589
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	4,117	4,175
Fair value, fixed maturity securities	5,254	4,631
Fixed maturity securities | State and Political Subdivisions
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,304	2,406
Fair value, fixed maturity securities	2,729	2,552
Fixed maturity securities | Non-U.S. government
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,229	1,232
Fair value, fixed maturity securities	1,359	1,268
Fixed maturity securities | U.S. corporate
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	28,606	27,934
Fair value, fixed maturity securities	32,424	28,698
Fixed maturity securities | U.S. corporate | Utilities
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	4,327	4,439
Fair value, fixed maturity securities	5,057	4,675
Fixed maturity securities | U.S. corporate | Energy
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,480	2,375
Fair value, fixed maturity securities	2,758	2,412
Fixed maturity securities | U.S. corporate | Finance and insurance
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	7,062	6,691
Fair value, fixed maturity securities	7,855	6,808
Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	4,949	4,879
Fair value, fixed maturity securities	5,732	5,036
Fixed maturity securities | U.S. corporate | Technology and communications
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,861	2,809
Fair value, fixed maturity securities	3,211	2,841
Fixed maturity securities | U.S. corporate | Industrial
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,301	1,213
Fair value, fixed maturity securities	1,418	1,221
Fixed maturity securities | U.S. corporate | Capital goods
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,348	2,277
Fair value, fixed maturity securities	2,720	2,391
Fixed maturity securities | U.S. corporate | Consumer-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,679	1,592
Fair value, fixed maturity securities	1,850	1,597
Fixed maturity securities | U.S. corporate | Transportation
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,281	1,283
Fair value, fixed maturity securities	1,469	1,320
Fixed maturity securities | U.S. corporate | Other
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	318	376
Fair value, fixed maturity securities	354	397
Fixed maturity securities | Non-U.S. corporate
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	9,596	9,611
Fair value, fixed maturity securities	10,656	9,770
Fixed maturity securities | Non-U.S. corporate | Utilities
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	841	838
Fair value, fixed maturity securities	896	821
Fixed maturity securities | Non-U.S. corporate | Energy
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,204	1,170
Fair value, fixed maturity securities	1,389	1,221
Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,126	2,071
Fair value, fixed maturity securities	2,348	2,106
Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	647	706
Fair value, fixed maturity securities	699	690
Fixed maturity securities | Non-U.S. corporate | Technology and communications
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,007	1,043
Fair value, fixed maturity securities	1,133	1,040
Fixed maturity securities | Non-U.S. corporate | Industrial
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	900	896
Fair value, fixed maturity securities	994	916
Fixed maturity securities | Non-U.S. corporate | Capital goods
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	619	571
Fair value, fixed maturity securities	660	572
Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	363	322
Fair value, fixed maturity securities	386	313
Fixed maturity securities | Non-U.S. corporate | Transportation
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	640	580
Fair value, fixed maturity securities	728	610
Fixed maturity securities | Non-U.S. corporate | Other
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,249	1,414
Fair value, fixed maturity securities	1,423	1,481
Fixed maturity securities | Residential mortgage-backed
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,131	2,460
Fair value, fixed maturity securities	2,375	2,618
Fixed maturity securities | Commercial mortgage-backed
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,866	3,054
Fair value, fixed maturity securities	3,071	3,016
Fixed maturity securities | Other asset-backed
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	3,333	3,048
Fair value, fixed maturity securities	3,365	3,036
Not other-than-temporary impairments
Schedule of Investments [Line Items]
Gross unrealized gains	7,097	2,702
Gross unrealized losses	(60)	(1,047)
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	1,137	473
Gross unrealized losses, fixed maturity securities	0	(17)
Not other-than-temporary impairments | Fixed maturity securities | State and Political Subdivisions
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	425	168
Gross unrealized losses, fixed maturity securities	0	(22)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. government
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	130	44
Gross unrealized losses, fixed maturity securities	0	(8)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	3,860	1,446
Gross unrealized losses, fixed maturity securities	(42)	(682)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Utilities
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	731	331
Gross unrealized losses, fixed maturity securities	(1)	(95)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Energy
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	291	101
Gross unrealized losses, fixed maturity securities	(13)	(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	798	249
Gross unrealized losses, fixed maturity securities	(5)	(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	797	294
Gross unrealized losses, fixed maturity securities	(14)	(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	351	110
Gross unrealized losses, fixed maturity securities	(1)	(78)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Industrial
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	118	41
Gross unrealized losses, fixed maturity securities	(1)	(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	374	165
Gross unrealized losses, fixed maturity securities	(2)	(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	175	53
Gross unrealized losses, fixed maturity securities	(4)	(48)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Transportation
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	189	78
Gross unrealized losses, fixed maturity securities	(1)	(41)
Not other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Other
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	36	24
Gross unrealized losses, fixed maturity securities	0	(3)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	1,067	359
Gross unrealized losses, fixed maturity securities	(7)	(200)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Utilities
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	55	12
Gross unrealized losses, fixed maturity securities	0	(29)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Energy
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	186	71
Gross unrealized losses, fixed maturity securities	(1)	(20)
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	222	71
Gross unrealized losses, fixed maturity securities	0	(36)
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	56	8
Gross unrealized losses, fixed maturity securities	(4)	(24)
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	126	21
Gross unrealized losses, fixed maturity securities	0	(24)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Industrial
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	94	36
Gross unrealized losses, fixed maturity securities	0	(16)
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	41	10
Gross unrealized losses, fixed maturity securities	0	(9)
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	23	1
Gross unrealized losses, fixed maturity securities	0	(10)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Transportation
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	89	44
Gross unrealized losses, fixed maturity securities	(1)	(14)
Not other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Other
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	175	85
Gross unrealized losses, fixed maturity securities	(1)	(18)
Not other-than-temporary impairments | Fixed maturity securities | Residential mortgage-backed
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	230	159
Gross unrealized losses, fixed maturity securities	0	(14)
Not other-than-temporary impairments | Fixed maturity securities | Commercial mortgage-backed
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	209	43
Gross unrealized losses, fixed maturity securities	(4)	(81)
Not other-than-temporary impairments | Fixed maturity securities | Other asset-backed
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	39	10
Gross unrealized losses, fixed maturity securities	(7)	(23)
Other-than-temporary impairments
Schedule of Investments [Line Items]
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	14	14
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	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | State and Political Subdivisions
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | Non-U.S. government
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | U.S. corporate
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Utilities
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Energy
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Finance and insurance
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Technology and communications
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Industrial
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Capital goods
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Consumer-cyclical
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Transportation
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | U.S. corporate | Other
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Utilities
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Energy
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
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	0	0
Gross unrealized losses, fixed maturity securities	0	0
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	0	0
Gross unrealized losses, fixed maturity securities	0	0
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	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Industrial
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Capital goods
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Transportation
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | Non-U.S. corporate | Other
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | Residential mortgage-backed
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	14	13
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | Commercial mortgage-backed
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	0
Gross unrealized losses, fixed maturity securities	0	0
Other-than-temporary impairments | Fixed maturity securities | Other asset-backed
Schedule of Investments [Line Items]
Gross unrealized gains, fixed maturity securities	0	1
Gross unrealized losses, fixed maturity securities	$ 0	$ 0

Gross Unrealized Losses and Fai

Gross Unrealized Losses and Fair Value of Investment Securities (Detail) $ in Millions	Sep. 30, 2019USD ($)Securities	Dec. 31, 2018USD ($)Securities
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 1,253	$ 17,077
Less than 12 months, Gross unrealized losses	$ (14)	$ (680)
Less than 12 months, Number of securities in a continuous loss position | Securities	262	2,371
12 months or more, Fair value	$ 851	$ 5,394
12 months or more, Gross unrealized losses	$ (46)	$ (367)
12 months or more, Number of securities in a continuous loss position | Securities	137	897
Fair value	$ 2,104	$ 22,471
Gross unrealized losses	$ (60)	$ (1,047)
Number of securities in a continuous loss position | Securities	399	3,268
Investment grade
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 1,172	$ 15,762
Less than 12 months, Gross unrealized losses	$ (8)	$ (601)
Less than 12 months, Number of securities in a continuous loss position | Securities	251	2,180
12 months or more, Fair value	$ 725	$ 5,224
12 months or more, Gross unrealized losses	$ (24)	$ (345)
12 months or more, Number of securities in a continuous loss position | Securities	122	866
Fair value	$ 1,897	$ 20,986
Gross unrealized losses	$ (32)	$ (946)
Number of securities in a continuous loss position | Securities	373	3,046
Below investment grade
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 81	$ 1,315
Less than 12 months, Gross unrealized losses	$ (6)	$ (79)
Less than 12 months, Number of securities in a continuous loss position | Securities	11	191
12 months or more, Fair value	$ 126	$ 170
12 months or more, Gross unrealized losses	$ (22)	$ (22)
12 months or more, Number of securities in a continuous loss position | Securities	15	31
Fair value	$ 207	$ 1,485
Gross unrealized losses	$ (28)	$ (101)
Number of securities in a continuous loss position | Securities	26	222
Fixed maturity securities
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 1,253	$ 17,077
Less than 12 months, Gross unrealized losses	$ (14)	$ (680)
Less than 12 months, Number of securities in a continuous loss position | Securities	262	2,371
12 months or more, Fair value	$ 851	$ 5,394
12 months or more, Gross unrealized losses	$ (46)	$ (367)
12 months or more, Number of securities in a continuous loss position | Securities	137	897
Fair value	$ 2,104	$ 22,471
Gross unrealized losses	$ (60)	$ (1,047)
Number of securities in a continuous loss position | Securities	399	3,268
Fixed maturity securities | Less Than 20 Percent Below Cost
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 1,253	$ 17,043
Less than 12 months, Gross unrealized losses	$ (14)	$ (670)
Less than 12 months, Number of securities in a continuous loss position | Securities	262	2,367
12 months or more, Fair value	$ 796	$ 5,340
12 months or more, Gross unrealized losses	$ (26)	$ (349)
12 months or more, Number of securities in a continuous loss position | Securities	132	887
Fair value	$ 2,049	$ 22,383
Gross unrealized losses	$ (40)	$ (1,019)
Number of securities in a continuous loss position | Securities	394	3,254
Fixed maturity securities | 20 To 50 percent below cost
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 0	$ 34
Less than 12 months, Gross unrealized losses	$ 0	$ (10)
Less than 12 months, Number of securities in a continuous loss position | Securities	0	4
12 months or more, Fair value	$ 52	$ 54
12 months or more, Gross unrealized losses	$ (17)	$ (18)
12 months or more, Number of securities in a continuous loss position | Securities	4	10
Fair value	$ 52	$ 88
Gross unrealized losses	$ (17)	$ (28)
Number of securities in a continuous loss position | Securities	4	14
Fixed maturity securities | Greater Than 50 Percent Below Cost
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 0
Less than 12 months, Gross unrealized losses	$ 0
Less than 12 months, Number of securities in a continuous loss position | Securities	0
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	1
Fair value	$ 3
Gross unrealized losses	$ (3)
Number of securities in a continuous loss position | Securities	1
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		$ 161
12 months or more, Gross unrealized losses		$ (9)
12 months or more, Number of securities in a continuous loss position | Securities		26
Fair value		$ 706
Gross unrealized losses		$ (17)
Number of securities in a continuous loss position | Securities		43
Fixed maturity securities | State and Political Subdivisions
Schedule of Investments [Line Items]
Less than 12 months, Fair value		$ 371
Less than 12 months, Gross unrealized losses		$ (10)
Less than 12 months, Number of securities in a continuous loss position | Securities		63
12 months or more, Fair value		$ 233
12 months or more, Gross unrealized losses		$ (12)
12 months or more, Number of securities in a continuous loss position | Securities		57
Fair value		$ 604
Gross unrealized losses		$ (22)
Number of securities in a continuous loss position | Securities		120
Fixed maturity securities | Non-U.S. government
Schedule of Investments [Line Items]
Less than 12 months, Fair value		$ 177
Less than 12 months, Gross unrealized losses		$ (6)
Less than 12 months, Number of securities in a continuous loss position | Securities		26
12 months or more, Fair value		$ 119
12 months or more, Gross unrealized losses		$ (2)
12 months or more, Number of securities in a continuous loss position | Securities		18
Fair value		$ 296
Gross unrealized losses		$ (8)
Number of securities in a continuous loss position | Securities		44
Fixed maturity securities | U.S. corporate
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 437	$ 9,956
Less than 12 months, Gross unrealized losses	$ (9)	$ (472)
Less than 12 months, Number of securities in a continuous loss position | Securities	79	1,338
12 months or more, Fair value	$ 490	$ 2,440
12 months or more, Gross unrealized losses	$ (33)	$ (210)
12 months or more, Number of securities in a continuous loss position | Securities	60	363
Fair value	$ 927	$ 12,396
Gross unrealized losses	$ (42)	$ (682)
Number of securities in a continuous loss position | Securities	139	1,701
Fixed maturity securities | Non-U.S. corporate
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 49	$ 3,684
Less than 12 months, Gross unrealized losses	$ (2)	$ (142)
Less than 12 months, Number of securities in a continuous loss position | Securities	15	502
12 months or more, Fair value	$ 60	$ 664
12 months or more, Gross unrealized losses	$ (5)	$ (58)
12 months or more, Number of securities in a continuous loss position | Securities	7	96
Fair value	$ 109	$ 4,348
Gross unrealized losses	$ (7)	$ (200)
Number of securities in a continuous loss position | Securities	22	598
Fixed maturity securities | Residential mortgage-backed
Schedule of Investments [Line Items]
Less than 12 months, Fair value		$ 334
Less than 12 months, Gross unrealized losses		$ (6)
Less than 12 months, Number of securities in a continuous loss position | Securities		52
12 months or more, Fair value		$ 303
12 months or more, Gross unrealized losses		$ (8)
12 months or more, Number of securities in a continuous loss position | Securities		70
Fair value		$ 637
Gross unrealized losses		$ (14)
Number of securities in a continuous loss position | Securities		122
Fixed maturity securities | Commercial mortgage-backed
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 0	$ 758
Less than 12 months, Gross unrealized losses	$ 0	$ (19)
Less than 12 months, Number of securities in a continuous loss position | Securities	0	115
12 months or more, Fair value	$ 13	$ 870
12 months or more, Gross unrealized losses	$ (4)	$ (62)
12 months or more, Number of securities in a continuous loss position | Securities	3	130
Fair value	$ 13	$ 1,628
Gross unrealized losses	$ (4)	$ (81)
Number of securities in a continuous loss position | Securities	3	245
Fixed maturity securities | Other asset-backed
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 767	$ 1,252
Less than 12 months, Gross unrealized losses	$ (3)	$ (17)
Less than 12 months, Number of securities in a continuous loss position | Securities	168	258
12 months or more, Fair value	$ 288	$ 604
12 months or more, Gross unrealized losses	$ (4)	$ (6)
12 months or more, Number of securities in a continuous loss position | Securities	67	137
Fair value	$ 1,055	$ 1,856
Gross unrealized losses	$ (7)	$ (23)
Number of securities in a continuous loss position | Securities	235	395

Gross Unrealized Losses and F_2

Gross Unrealized Losses and Fair Value of Corporate Securities Based on Industries (Detail) $ in Millions	Sep. 30, 2019USD ($)Securities	Dec. 31, 2018USD ($)Securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 1,253	$ 17,077
Less than 12 months, Gross unrealized losses	$ (14)	$ (680)
Less than 12 months, Number of securities in a continuous loss position | Securities	262	2,371
12 months or more, Fair value	$ 851	$ 5,394
12 months or more, Gross unrealized losses	$ (46)	$ (367)
12 months or more, Number of securities in a continuous loss position | Securities	137	897
Fair value	$ 2,104	$ 22,471
Gross unrealized losses	$ (60)	$ (1,047)
Number of securities in a continuous loss position | Securities	399	3,268
Fixed maturity securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 1,253	$ 17,077
Less than 12 months, Gross unrealized losses	$ (14)	$ (680)
Less than 12 months, Number of securities in a continuous loss position | Securities	262	2,371
12 months or more, Fair value	$ 851	$ 5,394
12 months or more, Gross unrealized losses	$ (46)	$ (367)
12 months or more, Number of securities in a continuous loss position | Securities	137	897
Fair value	$ 2,104	$ 22,471
Gross unrealized losses	$ (60)	$ (1,047)
Number of securities in a continuous loss position | Securities	399	3,268
Fixed maturity securities | U.S. corporate
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 437	$ 9,956
Less than 12 months, Gross unrealized losses	$ (9)	$ (472)
Less than 12 months, Number of securities in a continuous loss position | Securities	79	1,338
12 months or more, Fair value	$ 490	$ 2,440
12 months or more, Gross unrealized losses	$ (33)	$ (210)
12 months or more, Number of securities in a continuous loss position | Securities	60	363
Fair value	$ 927	$ 12,396
Gross unrealized losses	$ (42)	$ (682)
Number of securities in a continuous loss position | Securities	139	1,701
Fixed maturity securities | U.S. corporate | Utilities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 0	$ 1,246
Less than 12 months, Gross unrealized losses	$ 0	$ (61)
Less than 12 months, Number of securities in a continuous loss position | Securities	0	173
12 months or more, Fair value	$ 62	$ 343
12 months or more, Gross unrealized losses	$ (1)	$ (34)
12 months or more, Number of securities in a continuous loss position | Securities	10	60
Fair value	$ 62	$ 1,589
Gross unrealized losses	$ (1)	$ (95)
Number of securities in a continuous loss position | Securities	10	233
Fixed maturity securities | U.S. corporate | Energy
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 82	$ 940
Less than 12 months, Gross unrealized losses	$ (5)	$ (47)
Less than 12 months, Number of securities in a continuous loss position | Securities	20	134
12 months or more, Fair value	$ 84	$ 152
12 months or more, Gross unrealized losses	$ (8)	$ (17)
12 months or more, Number of securities in a continuous loss position | Securities	11	23
Fair value	$ 166	$ 1,092
Gross unrealized losses	$ (13)	$ (64)
Number of securities in a continuous loss position | Securities	31	157
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	$ 218	$ 2,393
Less than 12 months, Gross unrealized losses	$ (2)	$ (92)
Less than 12 months, Number of securities in a continuous loss position | Securities	35	326
12 months or more, Fair value	$ 65	$ 679
12 months or more, Gross unrealized losses	$ (3)	$ (40)
12 months or more, Number of securities in a continuous loss position | Securities	7	93
Fair value	$ 283	$ 3,072
Gross unrealized losses	$ (5)	$ (132)
Number of securities in a continuous loss position | Securities	42	419
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	$ 63	$ 1,819
Less than 12 months, Gross unrealized losses	$ (1)	$ (101)
Less than 12 months, Number of securities in a continuous loss position | Securities	16	202
12 months or more, Fair value	$ 127	$ 389
12 months or more, Gross unrealized losses	$ (13)	$ (36)
12 months or more, Number of securities in a continuous loss position | Securities	13	55
Fair value	$ 190	$ 2,208
Gross unrealized losses	$ (14)	$ (137)
Number of securities in a continuous loss position | Securities	29	257
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	$ 0	$ 1,130
Less than 12 months, Gross unrealized losses	$ 0	$ (51)
Less than 12 months, Number of securities in a continuous loss position | Securities	0	151
12 months or more, Fair value	$ 26	$ 263
12 months or more, Gross unrealized losses	$ (1)	$ (27)
12 months or more, Number of securities in a continuous loss position | Securities	4	34
Fair value	$ 26	$ 1,393
Gross unrealized losses	$ (1)	$ (78)
Number of securities in a continuous loss position | Securities	4	185
Fixed maturity securities | U.S. corporate | Industrial
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 74	$ 503
Less than 12 months, Gross unrealized losses	$ (1)	$ (27)
Less than 12 months, Number of securities in a continuous loss position | Securities	8	62
12 months or more, Fair value	$ 0	$ 74
12 months or more, Gross unrealized losses	$ 0	$ (6)
12 months or more, Number of securities in a continuous loss position | Securities	0	13
Fair value	$ 74	$ 577
Gross unrealized losses	$ (1)	$ (33)
Number of securities in a continuous loss position | Securities	8	75
Fixed maturity securities | U.S. corporate | Capital goods
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 0	$ 704
Less than 12 months, Gross unrealized losses	$ 0	$ (31)
Less than 12 months, Number of securities in a continuous loss position | Securities	0	103
12 months or more, Fair value	$ 33	$ 184
12 months or more, Gross unrealized losses	$ (2)	$ (20)
12 months or more, Number of securities in a continuous loss position | Securities	4	27
Fair value	$ 33	$ 888
Gross unrealized losses	$ (2)	$ (51)
Number of securities in a continuous loss position | Securities	4	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	$ 0	$ 738
Less than 12 months, Gross unrealized losses	$ 0	$ (35)
Less than 12 months, Number of securities in a continuous loss position | Securities	0	123
12 months or more, Fair value	$ 62	$ 162
12 months or more, Gross unrealized losses	$ (4)	$ (13)
12 months or more, Number of securities in a continuous loss position | Securities	8	26
Fair value	$ 62	$ 900
Gross unrealized losses	$ (4)	$ (48)
Number of securities in a continuous loss position | Securities	8	149
Fixed maturity securities | U.S. corporate | Transportation
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 0	$ 435
Less than 12 months, Gross unrealized losses	$ 0	$ (25)
Less than 12 months, Number of securities in a continuous loss position | Securities	0	60
12 months or more, Fair value	$ 31	$ 179
12 months or more, Gross unrealized losses	$ (1)	$ (16)
12 months or more, Number of securities in a continuous loss position | Securities	3	31
Fair value	$ 31	$ 614
Gross unrealized losses	$ (1)	$ (41)
Number of securities in a continuous loss position | Securities	3	91
Fixed maturity securities | U.S. corporate | Other
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value		$ 48
Less than 12 months, Gross unrealized losses		$ (2)
Less than 12 months, Number of securities in a continuous loss position | Securities		4
12 months or more, Fair value		$ 15
12 months or more, Gross unrealized losses		$ (1)
12 months or more, Number of securities in a continuous loss position | Securities		1
Fair value		$ 63
Gross unrealized losses		$ (3)
Number of securities in a continuous loss position | Securities		5
Fixed maturity securities | Non-U.S. corporate
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 49	$ 3,684
Less than 12 months, Gross unrealized losses	$ (2)	$ (142)
Less than 12 months, Number of securities in a continuous loss position | Securities	15	502
12 months or more, Fair value	$ 60	$ 664
12 months or more, Gross unrealized losses	$ (5)	$ (58)
12 months or more, Number of securities in a continuous loss position | Securities	7	96
Fair value	$ 109	$ 4,348
Gross unrealized losses	$ (7)	$ (200)
Number of securities in a continuous loss position | Securities	22	598
Fixed maturity securities | Non-U.S. corporate | Utilities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value		$ 359
Less than 12 months, Gross unrealized losses		$ (18)
Less than 12 months, Number of securities in a continuous loss position | Securities		44
12 months or more, Fair value		$ 103
12 months or more, Gross unrealized losses		$ (11)
12 months or more, Number of securities in a continuous loss position | Securities		9
Fair value		$ 462
Gross unrealized losses		$ (29)
Number of securities in a continuous loss position | Securities		53
Fixed maturity securities | Non-U.S. corporate | Energy
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 17	$ 406
Less than 12 months, Gross unrealized losses	$ (1)	$ (15)
Less than 12 months, Number of securities in a continuous loss position | Securities	3	56
12 months or more, Fair value	$ 0	$ 60
12 months or more, Gross unrealized losses	$ 0	$ (5)
12 months or more, Number of securities in a continuous loss position | Securities	0	10
Fair value	$ 17	$ 466
Gross unrealized losses	$ (1)	$ (20)
Number of securities in a continuous loss position | Securities	3	66
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		$ 792
Less than 12 months, Gross unrealized losses		$ (24)
Less than 12 months, Number of securities in a continuous loss position | Securities		128
12 months or more, Fair value		$ 169
12 months or more, Gross unrealized losses		$ (12)
12 months or more, Number of securities in a continuous loss position | Securities		27
Fair value		$ 961
Gross unrealized losses		$ (36)
Number of securities in a continuous loss position | Securities		155
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	$ 32	$ 374
Less than 12 months, Gross unrealized losses	$ (1)	$ (16)
Less than 12 months, Number of securities in a continuous loss position | Securities	12	49
12 months or more, Fair value	$ 30	$ 79
12 months or more, Gross unrealized losses	$ (3)	$ (8)
12 months or more, Number of securities in a continuous loss position | Securities	3	9
Fair value	$ 62	$ 453
Gross unrealized losses	$ (4)	$ (24)
Number of securities in a continuous loss position | Securities	15	58
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		$ 572
Less than 12 months, Gross unrealized losses		$ (23)
Less than 12 months, Number of securities in a continuous loss position | Securities		61
12 months or more, Fair value		$ 26
12 months or more, Gross unrealized losses		$ (1)
12 months or more, Number of securities in a continuous loss position | Securities		6
Fair value		$ 598
Gross unrealized losses		$ (24)
Number of securities in a continuous loss position | Securities		67
Fixed maturity securities | Non-U.S. corporate | Industrial
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value		$ 264
Less than 12 months, Gross unrealized losses		$ (11)
Less than 12 months, Number of securities in a continuous loss position | Securities		44
12 months or more, Fair value		$ 65
12 months or more, Gross unrealized losses		$ (5)
12 months or more, Number of securities in a continuous loss position | Securities		6
Fair value		$ 329
Gross unrealized losses		$ (16)
Number of securities in a continuous loss position | Securities		50
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		$ 214
Less than 12 months, Gross unrealized losses		$ (7)
Less than 12 months, Number of securities in a continuous loss position | Securities		24
12 months or more, Fair value		$ 57
12 months or more, Gross unrealized losses		$ (2)
12 months or more, Number of securities in a continuous loss position | Securities		10
Fair value		$ 271
Gross unrealized losses		$ (9)
Number of securities in a continuous loss position | Securities		34
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		$ 204
Less than 12 months, Gross unrealized losses		$ (9)
Less than 12 months, Number of securities in a continuous loss position | Securities		30
12 months or more, Fair value		$ 20
12 months or more, Gross unrealized losses		$ (1)
12 months or more, Number of securities in a continuous loss position | Securities		3
Fair value		$ 224
Gross unrealized losses		$ (10)
Number of securities in a continuous loss position | Securities		33
Fixed maturity securities | Non-U.S. corporate | Transportation
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 0	$ 189
Less than 12 months, Gross unrealized losses	$ 0	$ (6)
Less than 12 months, Number of securities in a continuous loss position | Securities	0	24
12 months or more, Fair value	$ 24	$ 36
12 months or more, Gross unrealized losses	$ (1)	$ (8)
12 months or more, Number of securities in a continuous loss position | Securities	3	6
Fair value	$ 24	$ 225
Gross unrealized losses	$ (1)	$ (14)
Number of securities in a continuous loss position | Securities	3	30
Fixed maturity securities | Non-U.S. corporate | Other
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 0	$ 310
Less than 12 months, Gross unrealized losses	$ 0	$ (13)
Less than 12 months, Number of securities in a continuous loss position | Securities	0	42
12 months or more, Fair value	$ 6	$ 49
12 months or more, Gross unrealized losses	$ (1)	$ (5)
12 months or more, Number of securities in a continuous loss position | Securities	1	10
Fair value	$ 6	$ 359
Gross unrealized losses	$ (1)	$ (18)
Number of securities in a continuous loss position | Securities	1	52
Fixed maturity securities | Corporate Debt Securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 486	$ 13,640
Less than 12 months, Gross unrealized losses	$ (11)	$ (614)
Less than 12 months, Number of securities in a continuous loss position | Securities	94	1,840
12 months or more, Fair value	$ 550	$ 3,104
12 months or more, Gross unrealized losses	$ (38)	$ (268)
12 months or more, Number of securities in a continuous loss position | Securities	67	459
Fair value	$ 1,036	$ 16,744
Gross unrealized losses	$ (49)	$ (882)
Number of securities in a continuous loss position | Securities	161	2,299

Scheduled Maturity Distribution

Scheduled Maturity Distribution of Fixed Maturity Securities (Detail) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Amortized cost or cost
Due one year or less	$ 1,574
Due after one year through five years	9,269
Due after five years through ten years	11,336
Due after ten years	23,673
Subtotal	45,852
Amortized cost or cost, fixed maturity securities	54,182
Fair value
Due one year or less	1,587
Due after one year through five years	9,655
Due after five years through ten years	12,387
Due after ten years	28,793
Subtotal	52,422
Fair value, fixed maturity securities	61,233	$ 55,589
Residential mortgage-backed
Amortized cost or cost
Fixed maturity securities	2,131
Fair value
Fixed maturity securities	2,375
Commercial mortgage-backed
Amortized cost or cost
Fixed maturity securities	2,866
Fair value
Fixed maturity securities	3,071
Other asset-backed
Amortized cost or cost
Fixed maturity securities	3,333
Fair value
Fixed maturity securities	$ 3,365

Distribution Across Property Ty

Distribution Across Property Type and Geographic Region for Commercial Mortgage Loans (Detail) - USD ($) $ in Millions	Sep. 30, 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	$ 6,996	$ 6,700
Unamortized balance of loan origination fees and costs	$ (4)	$ (4)
% of total	100.00%	100.00%
Allowance for credit losses	$ (12)	$ (9)
Total	7,033	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	6,996	6,700
Unamortized balance of loan origination fees and costs	$ (4)	$ (4)
% of total	100.00%	100.00%
Allowance for credit losses	$ (12)	$ (9)
Total	6,980	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	$ 1,731	$ 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	$ 1,673	$ 1,684
% of total	24.00%	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	$ 1,002	$ 950
% of total	14.00%	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	$ 727	$ 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	$ 488	$ 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	$ 457	$ 405
% of total	7.00%	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	$ 444	$ 364
% of total	6.00%	6.00%
New England | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 259	$ 228
% of total	4.00%	3.00%
East 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	$ 215	$ 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	$ 2,619	$ 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	$ 1,693	$ 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	$ 1,651	$ 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	$ 516	$ 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	$ 249	$ 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	$ 268	$ 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	Sep. 30, 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	$ 6,996	$ 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	$ 2,619	$ 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	$ 1,693	$ 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	$ 1,651	$ 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	$ 516	$ 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	$ 249	$ 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	$ 268	$ 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	$ 0	$ 3
% of total	0.00%	0.00%
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	$ 0	$ 3
31-60 days past due | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0	0
31-60 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	0	0
31-60 days past due | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0	0
31-60 days past due | Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0	0
31-60 days past due | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0	0
61-90 days past due
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 0	$ 0
% of total	0.00%	0.00%
61-90 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	$ 0	$ 0
61-90 days past due | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0	0
61-90 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	0	0
61-90 days past due | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0	0
61-90 days past due | Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0	0
61-90 days past due | 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 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	$ 0	$ 3
% of total	0.00%	0.00%
Greater than 90 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	$ 0	$ 0
Greater than 90 days past due | Industrial
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 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	0	3
Greater than 90 days past due | Apartments
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 90 days past due | Mixed Use
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 90 days past due | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0	0
Total past due
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 0	$ 6
% of total	0.00%	0.00%
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	$ 0	$ 3
Total past due | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0	0
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	0	3
Total past due | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0	0
Total past due | Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0	0
Total past due | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0	0
Current
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 6,996	$ 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	$ 2,619	$ 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	1,693	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	1,651	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	516	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	249	254
Current | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 268	$ 281

Allowance for Credit Losses and

Allowance for Credit Losses and Recorded Investment in Commercial Mortgage Loans (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			$ 9
Provision		$ 0		$ 0
Ending balance	$ 12		12
Ending balance	6,996		6,996		$ 6,700
Allowance for Credit Losses
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	11	9	9	9
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	1		3
Ending balance	12	9	12	9
Ending allowance for individually impaired loans	0	0	0	0
Ending allowance for loans not individually impaired that were evaluated collectively for impairment	12	9	12	9
Commercial Mortgage Loans Recorded Investment
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending balance	6,996	6,581	6,996	6,581
Ending balance of individually impaired loans	0	6	0	6
Ending balance of loans not individually impaired that were evaluated collectively for impairment	$ 6,996	$ 6,575	$ 6,996	$ 6,575

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
	Sep. 30, 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	$ 6,996		$ 6,700
% of total	100.00%		100.00%
Weighted-average debt service coverage ratio	1.91		2
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2,619		$ 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	$ 1,693		$ 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	$ 1,651		$ 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	$ 516		$ 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	$ 249		$ 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	$ 268		$ 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	$ 2,402		$ 2,554
% of total	34.00%		38.00%
Weighted-average debt service coverage ratio	2.40		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	$ 820		$ 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	695		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	556		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	194		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	95		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	42		43
51% - 60%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,413		$ 1,426
% of total	20.00%		21.00%
Weighted-average debt service coverage ratio	1.84		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	$ 543		$ 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	303		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	367		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	95		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	38		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	67		78
61% - 75%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 3,145		$ 2,682
% of total	45.00%		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	$ 1,241		$ 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	679		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	728		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	222		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	116		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	159		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%		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	0		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% | Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	0		0
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]
% of total	0.00%		0.00%
Weighted-average debt service coverage ratio	0.88	[1]	0.88	[2]
Greater than 100% | Retail
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% | 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]
Greater than 100% | Office
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% | Apartments
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% | Mixed Use
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% | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 0		$ 0
[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 102%. 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	9 Months Ended		12 Months Ended
	Sep. 30, 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	$ 6,996		$ 6,700
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	102.00%		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 102%. 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
	Sep. 30, 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	$ 6,996	$ 6,700
% of total	100.00%	100.00%
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	$ 6,996	$ 6,700
% of total	100.00%	100.00%
Weighted-average loan-to-value	55.00%	54.00%
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2,619	$ 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	$ 2,619	$ 2,463
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,693	$ 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	$ 1,693	$ 1,659
Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,651	$ 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	$ 1,651	$ 1,548
Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 516	$ 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	$ 516	$ 495
Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 249	$ 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	$ 249	$ 254
Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 268	$ 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	$ 268	$ 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	$ 121	$ 142
% of total	2.00%	2.00%
Weighted-average loan-to-value	55.00%	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	$ 34	$ 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	21	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	50	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
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	12	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	$ 432	$ 465
% of total	6.00%	7.00%
Weighted-average loan-to-value	60.00%	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	$ 144	$ 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	67	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	46	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	23	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	21	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	131	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	$ 1,325	$ 1,042
% of total	19.00%	16.00%
Weighted-average loan-to-value	64.00%	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	$ 636	$ 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	258	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	222	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	106	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	51	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	$ 3,096	$ 2,950
% of total	44.00%	44.00%
Weighted-average loan-to-value	59.00%	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	$ 1,241	$ 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	719	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	825	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	190	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	82	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	39	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	$ 2,022	$ 2,101
% of total	29.00%	31.00%
Weighted-average loan-to-value	42.00%	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	$ 564	$ 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	628	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	508	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	95	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		Sep. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Derivative assets, fair value		$ 512	$ 117
Derivative liabilities, fair value		847	847
Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value		843	738
Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		4	109
Other invested assets
Derivative [Line Items]
Derivative assets, fair value		487	97
Interest rate swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value			102
Interest rate swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		402	42
Foreign currency swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		10	6
Equity index options | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		62	39
Other foreign currency contracts | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		4	7
Other foreign currency contracts | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		13	10
GMWB embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[1]	381	337
GMWB embedded derivatives | Reinsurance recoverable
Derivative [Line Items]
Derivative assets, fair value	[2]	25	20
Fixed index annuity embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value		444	389
Indexed universal life embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value		18	12
Designated As Hedging Instrument
Derivative [Line Items]
Derivative assets, fair value		412	48
Derivative liabilities, fair value		0	102
Designated As Hedging Instrument | Cash Flow Hedges
Derivative [Line Items]
Derivative assets, fair value		412	48
Derivative liabilities, fair value		0	102
Designated As Hedging Instrument | Cash Flow Hedges | Interest rate swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		0	102
Designated As Hedging Instrument | Cash Flow Hedges | Interest rate swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		402	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		10	6
Derivatives not designated as hedges
Derivative [Line Items]
Derivative assets, fair value		100	69
Derivative liabilities, fair value		847	745
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		62	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 | Other foreign currency contracts | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		4	7
Derivatives not designated as hedges | Other foreign currency contracts | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		13	10
Derivatives not designated as hedges | GMWB embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[3]	381	337
Derivatives not designated as hedges | GMWB embedded derivatives | Reinsurance recoverable
Derivative [Line Items]
Derivative assets, fair value	[4]	25	20
Derivatives not designated as hedges | Fixed index annuity embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[5]	444	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	[6]	18	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]	Represents the embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
[4]	Represents embedded derivatives associated with the reinsured portion of our guaranteed minimum withdrawal benefits (“GMWB”) liabilities.
[5]	Represents the embedded derivatives associated with our fixed index annuity liabilities.
[6]	Represents the embedded derivatives associated with our indexed universal life liabilities.

Activity Associated with Deriva

Activity Associated with Derivative Instruments (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)Policies
Derivative [Line Items]
Notional amount, beginning balance	$ 19,791
Additions	12,776
Maturities/ terminations	(12,290)
Notional amount, ending balance	20,277
Designated As Hedging Instrument
Derivative [Line Items]
Notional amount, beginning balance	10,004
Additions	1,466
Maturities/ terminations	(2,335)
Notional amount, ending balance	9,135
Designated As Hedging Instrument | Cash Flow Hedges
Derivative [Line Items]
Notional amount, beginning balance	10,004
Additions	1,466
Maturities/ terminations	(2,335)
Notional amount, ending balance	9,135
Designated As Hedging Instrument | Cash Flow Hedges | Interest rate swaps
Derivative [Line Items]
Notional amount, beginning balance	9,924
Additions	1,414
Maturities/ terminations	(2,313)
Notional amount, ending balance	9,025
Designated As Hedging Instrument | Cash Flow Hedges | Foreign currency swaps
Derivative [Line Items]
Notional amount, beginning balance	80
Additions	52
Maturities/ terminations	(22)
Notional amount, ending balance	110
Derivatives not designated as hedges
Derivative [Line Items]
Notional amount, beginning balance	9,787
Additions	11,310
Maturities/ terminations	(9,955)
Notional amount, ending balance	11,142
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 | Interest rate caps
Derivative [Line Items]
Notional amount, beginning balance	424
Additions	0
Maturities/ terminations	0
Notional amount, ending balance	424
Derivatives not designated as hedges | Equity index options
Derivative [Line Items]
Notional amount, beginning balance	2,628
Additions	1,539
Maturities/ terminations	(1,730)
Notional amount, ending balance	2,437
Derivatives not designated as hedges | Financial futures
Derivative [Line Items]
Notional amount, beginning balance	1,415
Additions	4,335
Maturities/ terminations	(4,528)
Notional amount, ending balance	1,222
Derivatives not designated as hedges | Other foreign currency contracts
Derivative [Line Items]
Notional amount, beginning balance	646
Additions	5,436
Maturities/ terminations	(3,697)
Notional amount, ending balance	$ 2,385
Derivatives not designated as hedges | GMWB embedded derivatives
Derivative [Line Items]
Notional amount, beginning balance | Policies	27,886
Additions | Policies	0
Maturities/ terminations | Policies	(1,719)
Notional amount, ending balance | Policies	26,167
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	(698)
Notional amount, ending balance | Policies	15,766
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	(34)
Notional amount, ending balance | Policies	895

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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	$ 388	$ (154)	$ 708	$ (359)
Gain (loss) reclassified into net income from OCI	46	38	127	117
Gain (loss) recognized in net income (loss)	0	0	2	0
Interest Rate Swaps Hedging Assets | Net Investment Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	406	(164)	759	(391)
Gain (loss) reclassified into net income from OCI	41	38	121	112
Interest Rate Swaps Hedging Assets | Net Investment (Gains) Losses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	0		0	0
Gain (loss) reclassified into net income from OCI	4		6	5
Gain (loss) recognized in net income (loss)	0	0	0	0
Interest Rate Swaps Hedging Liabilities | Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	(23)	9	(55)	31
Gain (loss) reclassified into net income from OCI	0	0	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	0	0
Foreign currency swaps | Net Investment Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	5	1	4	1
Gain (loss) reclassified into net income from OCI	1	0	0	0
Foreign currency swaps | Net Investment (Gains) Losses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI			0
Gain (loss) reclassified into net income from OCI			0
Gain (loss) recognized in net income (loss)	$ 0	$ 0	$ 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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative Instruments [Abstract]
Derivatives qualifying as effective accounting hedges, beginning of period	$ 1,983	$ 1,863	$ 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	306	(122)	560	(287)
Reclassification to net (income), net of deferred taxes	(30)	(24)	(82)	(75)
Derivatives qualifying as effective accounting hedges, end of period	$ 2,259	$ 1,717	$ 2,259	$ 1,717

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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 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	$ (82)	$ 32	(148)	75
Reclassification to net (income), deferred taxes	$ 16	$ 14	$ 45	$ 42

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 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	$ 2,259	$ 1,717	$ 1,983	$ 1,781	$ 1,863	$ 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	$ 115
Amount reclassified to net income in connection with forecasted transactions that were no longer considered probable of occurring	$ 4	$ 6

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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	$ (33)	$ (8)	$ (79)	$ (19)
Interest rate swaps | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	(2)	2	(6)	(1)
Equity index options | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	1	19	28	12
Financial futures | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	35	(42)	8	(79)
Equity return swaps | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss			0	(4)
Other foreign currency contracts | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	(10)	0	(17)	13
GMWB embedded derivatives | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	(44)	39	(21)	66
Fixed index annuity embedded derivatives | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	(14)	(29)	(72)	(36)
Indexed universal life embedded derivatives | Net Investment (Gains) Losses
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	$ 1	$ 3	$ 1	$ 10

Additional Information about De

Additional Information about Derivative Assets and Liabilities Subject to Enforceable Master Netting Arrangement (Detail) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Gross amounts recognized, derivatives assets		$ 512	$ 117
Gross amounts recognized, derivatives liabilities		847	847
Subject to enforceable master netting arrangement
Derivative [Line Items]
Gross amounts recognized, net derivatives		483	(12)
Gross amounts offset in the balance sheet, net derivatives		0	0
Net amounts presented in the balance sheet, net derivatives		483	(12)
Gross amounts not offset in the balance sheet, financial instruments, net derivatives	[1]	0	0
Collateral received		(312)	(54)
Collateral pledged		383	535
Over collateralization, net derivatives		(373)	(434)
Net amount		181	35
Subject to enforceable master netting arrangement | Derivative assets
Derivative [Line Items]
Gross amounts recognized, derivatives assets	[2]	487	97
Gross amounts offset in the balance sheet, derivatives assets	[2]	0	0
Net amounts presented in the balance sheet, derivatives assets	[2]	487	97
Gross amounts not offset in the balance sheet, financial instruments, derivatives assets	[1],[2]	(1)	(8)
Collateral received	[2]	(312)	(54)
Collateral pledged	[2]	0	0
Over collateralization, derivatives assets	[2]	6	0
Net amount, derivatives assets	[2]	180	35
Subject to enforceable master netting arrangement | Derivative liabilities
Derivative [Line Items]
Gross amounts recognized, derivatives liabilities	[2]	4	109
Gross amounts offset in the balance sheet, derivatives liabilities	[2]	0	0
Net amounts presented in the balance sheet, derivatives liabilities	[2]	4	109
Gross amounts not offset in the balance sheet, financial instruments, derivative liabilities	[1],[2]	(1)	(8)
Collateral received	[2]	0	0
Collateral pledged	[2]	(383)	(535)
Over collateralization, derivatives liabilities	[2]	379	434
Net amount, derivatives liabilities	[2]	$ (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]	Does not include amounts related to embedded derivatives as of September 30, 2019 and December 31, 2018.

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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair value of financial instruments [Abstract]
Total realized and unrealized gains (losses) included in net income, assets	$ 8	$ 19	$ 40	$ 13
Net gains (losses) included in net income attributable to assets still held, assets	7	14	7	12
Net Investment Income
Fair value of financial instruments [Abstract]
Total realized and unrealized gains (losses) included in net income, assets	2	2	8	7
Net gains (losses) included in net income attributable to assets still held, assets	2	2	5	7
Net Investment (Gains) Losses
Fair value of financial instruments [Abstract]
Total realized and unrealized gains (losses) included in net income, assets	6	17	32	6
Net gains (losses) included in net income attributable to assets still held, assets	$ 5	$ 12	$ 2	$ 5

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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 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	$ 62	$ (15)	$ 96	$ (45)
Total (gains) losses included in net (income) loss attributable to liabilities still held, liabilities	63	(16)	100	(42)
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	0	0
Total (gains) losses included in net (income) loss attributable to liabilities still held, liabilities	0	0	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	62	(15)	96	(45)
Total (gains) losses included in net (income) loss attributable to liabilities still held, liabilities	$ 63	$ (16)	$ 100	$ (42)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Additional Information (Detail) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 61,233	$ 55,589
GMWB non-performance risk impact	$ 70	$ 64
Period end valuation	0	0
Fixed maturity securities | Non-U.S. government
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 1,359	$ 1,268
Fixed maturity securities | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	32,424	28,698
Fixed maturity securities | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	10,656	9,770
Level 2
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	56,958	51,724
Level 2 | Fixed maturity securities | Non-U.S. government
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	1,359	1,268
Level 2 | Fixed maturity securities | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	30,164	26,700
Level 2 | Fixed maturity securities | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 8,981	8,238
Level 2 | Fixed maturity securities | Third-Party Pricing Services
Fair Value of Financial Instruments [Line Items]
Percentage of available for sale debt securities	90.00%
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	$ 1,344
Level 2 | Fixed maturity securities | Third-Party Pricing Services | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	29,081
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	8,389
Level 2 | Fixed maturity securities | Internal models | Non-U.S. government
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	15
Level 2 | Fixed maturity securities | Internal models | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	1,083
Level 2 | Fixed maturity securities | Internal models | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	592
Level 3
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	4,275	3,865
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	2,260	1,998
Level 3 | Fixed maturity securities | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	1,675	$ 1,532
Level 3 | Fixed maturity securities | Internal models
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	3,905
Level 3 | Fixed maturity securities | Broker Quotes
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 370

Fair Value Financial Instrument

Fair Value Financial Instruments Not Required to Be Carried at Fair Value (Detail) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans	$ 7,033	$ 6,749
Restricted commercial mortgage loans	53	62
Liabilities:
Long-term borrowings	3,706	3,707
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
Other invested assets:
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
Other invested assets:
Bank loan investments	0	0
Liabilities:
Long-term borrowings	3,333	3,108
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	7,286	6,737
Restricted commercial mortgage loans	58	66
Other invested assets:
Bank loan investments	351	248
Liabilities:
Long-term borrowings	136	143
Non-recourse funding obligations	210	215
Investment contracts	12,919	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	6,980	6,687
Restricted commercial mortgage loans	53	62
Other invested assets:
Bank loan investments	353	248
Liabilities:
Long-term borrowings	3,706	3,707
Non-recourse funding obligations	311	311
Investment contracts	11,987	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	7,286	6,737
Restricted commercial mortgage loans	58	66
Other invested assets:
Bank loan investments	351	248
Liabilities:
Long-term borrowings	3,469	3,251
Non-recourse funding obligations	210	215
Investment contracts	12,919	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
Liabilities:
Commitments to fund limited partnerships	1,009	539
Commitments to fund bank loan investments	51	33
Ordinary course of business lending commitments	$ 103	$ 73

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	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 61,233	$ 55,589
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	5,254	4,631
Fixed maturity securities | State and Political Subdivisions
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,729	2,552
Fixed maturity securities | Non-U.S. government
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	1,359	1,268
Fixed maturity securities | U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	32,424	28,698
Fixed maturity securities | Non-U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	10,656	9,770
Fixed maturity securities | Residential mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,375	2,618
Fixed maturity securities | Commercial mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	3,071	3,016
Fixed maturity securities | Other asset-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	3,365	3,036
Level 2
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	56,958	51,724
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	5,254	4,631
Level 2 | Fixed maturity securities | State and Political Subdivisions
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,657	2,501
Level 2 | Fixed maturity securities | Non-U.S. government
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	1,359	1,268
Level 2 | Fixed maturity securities | U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	30,164	26,700
Level 2 | Fixed maturity securities | Non-U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	8,981	8,238
Level 2 | Fixed maturity securities | Residential mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,343	2,583
Level 2 | Fixed maturity securities | Commercial mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,965	2,921
Level 2 | Fixed maturity securities | Other asset-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	3,235	$ 2,882
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	$ 5,254
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	$ 2,657
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	$ 1,344
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	$ 29,081
Primary methodologies	Multi-dimensional attribute-based modeling systems, broker quotes, price quotes from market makers, 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	$ 8,389
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	$ 2,343
Primary methodologies	OAS-based 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	$ 2,965
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	$ 3,235
Primary methodologies	Multi-dimensional attribute-based modeling systems, spread matrix priced to swap curves, price quotes from market makers
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		Sep. 30, 2019		Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		$ 61,233		$ 55,589
Available-for-sale equity securities		239		275
Derivative assets, fair value		512		117
Total other invested assets		1,693		1,072
Separate account assets		6,005		5,859
Total assets		68,704		62,455
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		443	[1]	318	[2]
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		487		97
Securities lending collateral		62		102
Short-term investments		210		195
Limited partnerships		443		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		443	[1]	318	[2]
Fair value | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other invested assets		1,202		712
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		443	[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		402		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]
Foreign currency swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		10		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		62		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		13		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	[3]	25		20
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	[3]	0	[1]	0	[2]
Fixed maturity securities | 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. government, agencies and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		5,254		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		2,729		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		0	[1]	0	[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		1,359		1,268
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		0	[1]	0	[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		32,424		28,698
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	[1]	0
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		5,057		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		2,758		2,412
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		7,855		6,808
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		5,732		5,036
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		3,211		2,841
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		1,418		1,221
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		2,720		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		1,850		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		1,469		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		354		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		10,656		9,770
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		896		821
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		1,389		1,221
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		2,348		2,106
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		699		690
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		1,133		1,040
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		994		916
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		660		572
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		386		313
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		728		610
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		1,423		1,481
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		2,375		2,618
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		3,071		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		3,365		3,036
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		62		153
Separate account assets		6,005		5,859
Total assets		6,067		6,012
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 | 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	[3]	0		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		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		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		56,958		51,724
Available-for-sale equity securities		123		64
Separate account assets		0		0
Total assets		57,778		52,143
Level 2 | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		425		58
Securities lending collateral		62		102
Short-term investments		210		195
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		697		355
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		402		42
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		10		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		13		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	[3]	0		0
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		5,254		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		2,657		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		1,359		1,268
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		30,164		26,700
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		4,233		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		2,623		2,291
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		7,243		6,274
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		5,634		4,963
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		3,161		2,791
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		1,378		1,182
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		2,620		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		1,674		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		1,412		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		186		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		8,981		8,238
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		499		417
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		1,124		1,004
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		2,151		1,935
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		635		584
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		1,105		1,014
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		917		855
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		481		399
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		249		191
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		528		439
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		1,292		1,400
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		2,343		2,583
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		2,965		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		3,235		2,882
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		4,275		3,865
Available-for-sale equity securities		54		58
Separate account assets		0		0
Total assets		4,416		3,982
Level 3 | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		62		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		62		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 | 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		62		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	[3]	25		20
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		72		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		2,260		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		824		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		135		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		612		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		98		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		50		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		100		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		176		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		57		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		168		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		1,675		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		397		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		265		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		197		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		64		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		28		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		77		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		179		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		137		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		200		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		131		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		32		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		106		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		$ 130		$ 154
[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		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		$ 4,422	$ 3,731	$ 3,982	$ 4,078
Total realized and unrealized gains (losses), Included in net income		8	19	40	13
Total realized and unrealized gains (losses), Included in OCI		98	(19)	332	(206)
Purchases		116	118	535	533
Sales		(2)	(2)	(40)	(31)
Issuances		0	1	1	2
Settlements		(117)	(78)	(385)	(490)
Transfer into Level 3	[1]	41	63	171	199
Transfer out of Level 3	[1]	(150)	(95)	(220)	(360)
Ending balance		4,416	3,738	4,416	3,738
Total gains (losses) included in net income attributable to assets still held		7	14	7	12
Other invested assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		65	70	39	80
Total realized and unrealized gains (losses), Included in net income		1	19	28	12
Total realized and unrealized gains (losses), Included in OCI		0	0	0	0
Purchases		13	15	34	44
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(17)	(25)	(39)	(57)
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		62	79	62	79
Total gains (losses) included in net income attributable to assets still held		0	14	(2)	10
Other invested assets | Derivative assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		65	70	39	80
Total realized and unrealized gains (losses), Included in net income		1	19	28	12
Total realized and unrealized gains (losses), Included in OCI		0	0	0	0
Purchases		13	15	34	44
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(17)	(25)	(39)	(57)
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		62	79	62	79
Total gains (losses) included in net income attributable to assets still held		0	14	(2)	10
Other invested assets | Derivative assets | Equity index options
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		65	70	39	80
Total realized and unrealized gains (losses), Included in net income		1	19	28	12
Total realized and unrealized gains (losses), Included in OCI		0	0	0	0
Purchases		13	15	34	44
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(17)	(25)	(39)	(57)
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		62	79	62	79
Total gains (losses) included in net income attributable to assets still held		0	14	(2)	10
Reinsurance recoverable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	[2]	20	12	20	14
Total realized and unrealized gains (losses), Included in net income	[2]	5	(2)	4	(5)
Total realized and unrealized gains (losses), Included in OCI	[2]	0	0	0	0
Purchases	[2]	0	0	0	0
Sales	[2]	0	0	0	0
Issuances	[2]	0	1	1	2
Settlements	[2]	0	0	0	0
Transfer into Level 3	[1],[2]	0	0	0	0
Transfer out of Level 3	[1],[2]	0	0	0	0
Ending balance	[2]	25	11	25	11
Total gains (losses) included in net income attributable to assets still held	[2]	5	(2)	4	(5)
Fixed maturity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		4,281	3,603	3,865	3,940
Total realized and unrealized gains (losses), Included in net income		2	2	8	6
Total realized and unrealized gains (losses), Included in OCI		98	(19)	332	(206)
Purchases		103	98	499	479
Sales		0	(1)	(34)	(27)
Issuances		0	0	0	0
Settlements		(100)	(53)	(346)	(433)
Transfer into Level 3	[1]	41	63	171	199
Transfer out of Level 3	[1]	(150)	(95)	(220)	(360)
Ending balance		4,275	3,598	4,275	3,598
Total gains (losses) included in net income attributable to assets still held		2	2	5	7
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					1
Total realized and unrealized gains (losses), Included in net income					0
Total realized and unrealized gains (losses), Included in OCI					0
Purchases					0
Sales					0
Issuances					0
Settlements					(1)
Transfer into Level 3	[1]				0
Transfer out of Level 3	[1]				0
Ending balance			0		0
Total gains (losses) included in net income attributable to assets still held					0
Fixed maturity securities | State and Political Subdivisions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		61	52	51	37
Total realized and unrealized gains (losses), Included in net income		0	1	2	2
Total realized and unrealized gains (losses), Included in OCI		11	11	19	7
Purchases		0	0	0	0
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		0	0	0	0
Transfer into Level 3	[1]	0	0	0	18
Transfer out of Level 3	[1]	0	(11)	0	(11)
Ending balance		72	53	72	53
Total gains (losses) included in net income attributable to assets still held		1	1	2	2
Fixed maturity securities | U.S. corporate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		2,227	1,931	1,998	2,152
Total realized and unrealized gains (losses), Included in net income		1	0	1	0
Total realized and unrealized gains (losses), Included in OCI		48	(18)	167	(142)
Purchases		37	39	218	201
Sales		0	(1)	(27)	(26)
Issuances		0	0	0	0
Settlements		(38)	(23)	(148)	(246)
Transfer into Level 3	[1]	25	7	121	32
Transfer out of Level 3	[1]	(40)	(17)	(70)	(53)
Ending balance		2,260	1,918	2,260	1,918
Total gains (losses) included in net income attributable to assets still held		0	0	0	1
Fixed maturity securities | U.S. corporate | Utilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		789	622	643	574
Total realized and unrealized gains (losses), Included in net income		1	0	1	(1)
Total realized and unrealized gains (losses), Included in OCI		28	(11)	70	(36)
Purchases		13	20	109	89
Sales		0	0	(14)	(12)
Issuances		0	0	0	0
Settlements		(7)	0	(47)	(4)
Transfer into Level 3	[1]	0	0	72	25
Transfer out of Level 3	[1]	0	0	(10)	(4)
Ending balance		824	631	824	631
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | U.S. corporate | Energy
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		122	138	121	147
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		2	0	9	(5)
Purchases		12	0	17	22
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(1)	(14)	(12)	(33)
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	(7)
Ending balance		135	124	135	124
Total gains (losses) included in net income attributable to assets still held		0	0	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		607	458	534	626
Total realized and unrealized gains (losses), Included in net income		0	0	0	1
Total realized and unrealized gains (losses), Included in OCI		11	(2)	49	(69)
Purchases		0	18	40	44
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(26)	(2)	(38)	(112)
Transfer into Level 3	[1]	20	0	27	0
Transfer out of Level 3	[1]	0	(3)	0	(21)
Ending balance		612	469	612	469
Total gains (losses) included in net income attributable to assets still held		0	0	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		89	79	73	81
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		1	(1)	4	(3)
Purchases		9	0	23	0
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(1)	0	(11)	0
Transfer into Level 3	[1]	0	0	9	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		98	78	98	78
Total gains (losses) included in net income attributable to assets still held		0	0	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		44	12	50	73
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		1	(1)	6	(6)
Purchases		0	1	0	5
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		0	0	0	(60)
Transfer into Level 3	[1]	5	7	5	7
Transfer out of Level 3	[1]	0	(7)	(11)	(7)
Ending balance		50	12	50	12
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | U.S. corporate | Industrial
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		40	40	39	39
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		0	0	1	1
Purchases		0	0	0	0
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		0	0	0	0
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		40	40	40	40
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | U.S. corporate | Capital goods
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		98	119	92	121
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		2	(1)	8	(10)
Purchases		0	0	0	24
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		0	0	0	(10)
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	(7)
Ending balance		100	118	100	118
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | U.S. corporate | Consumer-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		185	254	211	262
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		2	(1)	12	(11)
Purchases		0	0	0	17
Sales		0	(1)	(13)	(4)
Issuances		0	0	0	0
Settlements		(2)	(5)	(16)	(17)
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	(9)	(7)	(18)	(7)
Ending balance		176	240	176	240
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | U.S. corporate | Transportation
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		54	56	57	60
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		1	0	2	(1)
Purchases		3	0	7	0
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(1)	(1)	(9)	(4)
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		57	55	57	55
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | U.S. corporate | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		199	153	178	169
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		0	(1)	6	(2)
Purchases		0	0	22	0
Sales		0	0	0	(10)
Issuances		0	0	0	0
Settlements		0	(1)	(15)	(6)
Transfer into Level 3	[1]	0	0	8	0
Transfer out of Level 3	[1]	(31)	0	(31)	0
Ending balance		168	151	168	151
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | Non-U.S. corporate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		1,631	1,386	1,532	1,416
Total realized and unrealized gains (losses), Included in net income		1	1	5	4
Total realized and unrealized gains (losses), Included in OCI		24	(11)	119	(65)
Purchases		53	26	170	130
Sales		0	0	(7)	(1)
Issuances		0	0	0	0
Settlements		(50)	(12)	(144)	(111)
Transfer into Level 3	[1]	16	26	22	58
Transfer out of Level 3	[1]	0	(49)	(22)	(64)
Ending balance		1,675	1,367	1,675	1,367
Total gains (losses) included in net income attributable to assets still held		1	1	3	4
Fixed maturity securities | Non-U.S. corporate | Utilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		417	333	404	343
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		5	(3)	28	(16)
Purchases		0	0	30	22
Sales		0	0	(7)	0
Issuances		0	0	0	0
Settlements		(25)	0	(42)	(20)
Transfer into Level 3	[1]	0	0	0	15
Transfer out of Level 3	[1]	0	(7)	(16)	(21)
Ending balance		397	323	397	323
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | Non-U.S. corporate | Energy
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		241	175	217	176
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		5	0	17	(6)
Purchases		31	0	47	23
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(12)	(11)	(16)	(29)
Transfer into Level 3	[1]	0	25	0	25
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		265	189	265	189
Total gains (losses) included in net income attributable to assets still held		0	0	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		179	150	171	161
Total realized and unrealized gains (losses), Included in net income		1	1	3	3
Total realized and unrealized gains (losses), Included in OCI		4	(2)	22	(13)
Purchases		0	0	7	1
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(3)	0	(16)	(2)
Transfer into Level 3	[1]	16	0	16	0
Transfer out of Level 3	[1]	0	0	(6)	(1)
Ending balance		197	149	197	149
Total gains (losses) included in net income attributable to assets still held		1	1	3	3
Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		68	108	106	124
Total realized and unrealized gains (losses), Included in net income		0	0	2	0
Total realized and unrealized gains (losses), Included in OCI		1	0	5	(4)
Purchases		0	0	0	0
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(5)	(1)	(49)	(13)
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		64	107	64	107
Total gains (losses) included in net income attributable to assets still held		0	0	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		27	16	26	29
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		1	0	2	0
Purchases		0	10	0	10
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		0	0	0	(13)
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		28	26	28	26
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | Non-U.S. corporate | Industrial
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		64	105	61	116
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		0	(1)	3	(5)
Purchases		13	0	13	3
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		0	0	0	(10)
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	(25)	0	(25)
Ending balance		77	79	77	79
Total gains (losses) included in net income attributable to assets still held		0	0	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		181	166	173	191
Total realized and unrealized gains (losses), Included in net income		0	0	0	1
Total realized and unrealized gains (losses), Included in OCI		2	(1)	11	(6)
Purchases		0	0	10	0
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(4)	0	(15)	(21)
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		179	165	179	165
Total gains (losses) included in net income attributable to assets still held		0	0	0	1
Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		126	48	122	54
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		2	(1)	10	(3)
Purchases		9	0	9	0
Sales		0	0	0	(1)
Issuances		0	0	0	0
Settlements		0	0	(4)	(3)
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		137	47	137	47
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | Non-U.S. corporate | Transportation
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		199	203	171	170
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		1	(2)	10	(8)
Purchases		0	16	19	38
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		0	0	0	0
Transfer into Level 3	[1]	0	1	0	18
Transfer out of Level 3	[1]	0	(17)	0	(17)
Ending balance		200	201	200	201
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | Non-U.S. corporate | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		129	82	81	52
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		3	(1)	11	(4)
Purchases		0	0	35	33
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(1)	0	(2)	0
Transfer into Level 3	[1]	0	0	6	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		131	81	131	81
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | Residential mortgage-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		36	34	35	77
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		1	(1)	2	(1)
Purchases		0	0	0	29
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(1)	0	(1)	(1)
Transfer into Level 3	[1]	0	11	0	11
Transfer out of Level 3	[1]	(4)	0	(4)	(71)
Ending balance		32	44	32	44
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | Commercial mortgage-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		92	44	95	30
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		14	0	23	(2)
Purchases		0	18	2	53
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		0	0	0	0
Transfer into Level 3	[1]	0	13	0	26
Transfer out of Level 3	[1]	0	0	(14)	(32)
Ending balance		106	75	106	75
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Fixed maturity securities | Other asset-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		234	156	154	227
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		0	0	2	(3)
Purchases		13	15	109	66
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(11)	(18)	(53)	(74)
Transfer into Level 3	[1]	0	6	28	54
Transfer out of Level 3	[1]	(106)	(18)	(110)	(129)
Ending balance		130	141	130	141
Total gains (losses) included in net income attributable to assets still held		0	0	0	0
Equity Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		56	46	58	44
Total realized and unrealized gains (losses), Included in net income		0	0	0	0
Total realized and unrealized gains (losses), Included in OCI		0	0	0	0
Purchases		0	5	2	10
Sales		(2)	(1)	(6)	(4)
Issuances		0	0	0	0
Settlements		0	0	0	0
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance		54	50	54	50
Total gains (losses) included in net income attributable to assets still held		$ 0	$ 0	$ 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		9 Months Ended
		Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value		$ 847	$ 847
Fixed maturity securities available-for-sale, at fair value		61,233	55,589
Derivative assets, fair value		512	117
Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value		843	738
Policyholder account balances | GMWB embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value	[1]	381	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		444	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		18	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		$ 4,275	3,865
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
Derivative assets, fair value		$ 62
Fair value input, equity index volatility, lower limit		6.00%
Fair value input, equity index volatility, upper limit		29.00%
Fair value input, equity index volatility, weighted-average		20.00%
Level 3 | Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value		$ 843	738
Level 3 | Policyholder account balances | GMWB embedded derivatives
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]	$ 381	337
Fair value, withdrawal utilization rate, lower limit		48.00%
Fair value, withdrawal utilization rate, upper limit		88.00%
Fair value, lapse rate, lower limit		2.00%
Fair value, lapse rate, upper limit		9.00%
Fair value input, credit spreads, lower limit		0.09%
Fair value input, credit spreads, upper limit		0.83%
Fair value input, credit spreads, weighted-average		0.65%
Fair value input, equity index volatility, lower limit	[1]	13.00%
Fair value input, equity index volatility, upper limit	[1]	23.00%
Fair value, withdrawal utilization rate, weighted-average		71.00%
Fair value, lapse rate, weighted-average		3.00%
Fair value input, equity index volatility, weighted-average		20.00%
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		$ 444	389
Fair value, expected future interest credited, lower limit		0.00%
Fair value, expected future interest credited, upper limit		3.00%
Fair value, expected future interest credited, weighted-average		1.00%
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		$ 18	$ 12
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%
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		$ 2,126
Fair value input, credit spreads, lower limit		0.49%
Fair value input, credit spreads, upper limit		3.09%
Fair value input, credit spreads, weighted-average		1.51%
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		$ 748
Fair value input, credit spreads, lower limit		0.49%
Fair value input, credit spreads, upper limit		3.08%
Fair value input, credit spreads, weighted-average		1.48%
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		$ 111
Fair value input, credit spreads, lower limit		0.73%
Fair value input, credit spreads, upper limit		3.09%
Fair value input, credit spreads, weighted-average		1.73%
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		$ 596
Fair value input, credit spreads, lower limit		0.56%
Fair value input, credit spreads, upper limit		2.51%
Fair value input, credit spreads, weighted-average		1.60%
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		$ 98
Fair value input, credit spreads, lower limit		0.85%
Fair value input, credit spreads, upper limit		3.09%
Fair value input, credit spreads, weighted-average		1.54%
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		$ 50
Fair value input, credit spreads, lower limit		1.67%
Fair value input, credit spreads, upper limit		3.09%
Fair value input, credit spreads, weighted-average		2.27%
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		1.10%
Fair value input, credit spreads, upper limit		2.13%
Fair value input, credit spreads, weighted-average		1.50%
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		$ 100
Fair value input, credit spreads, lower limit		0.97%
Fair value input, credit spreads, upper limit		2.76%
Fair value input, credit spreads, weighted-average		1.54%
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		$ 161
Fair value input, credit spreads, lower limit		0.93%
Fair value input, credit spreads, upper limit		2.52%
Fair value input, credit spreads, weighted-average		1.63%
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		0.56%
Fair value input, credit spreads, upper limit		2.27%
Fair value input, credit spreads, weighted-average		1.07%
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		$ 168
Fair value input, credit spreads, lower limit		0.70%
Fair value input, credit spreads, upper limit		1.48%
Fair value input, credit spreads, weighted-average		0.89%
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		$ 1,648
Fair value input, credit spreads, lower limit		0.64%
Fair value input, credit spreads, upper limit		2.76%
Fair value input, credit spreads, weighted-average		1.47%
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		$ 397
Fair value input, credit spreads, lower limit		0.74%
Fair value input, credit spreads, upper limit		2.24%
Fair value input, credit spreads, weighted-average		1.37%
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		$ 246
Fair value input, credit spreads, lower limit		0.97%
Fair value input, credit spreads, upper limit		2.76%
Fair value input, credit spreads, weighted-average		1.64%
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		$ 197
Fair value input, credit spreads, lower limit		1.09%
Fair value input, credit spreads, upper limit		1.95%
Fair value input, credit spreads, weighted-average		1.33%
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		$ 64
Fair value input, credit spreads, lower limit		0.64%
Fair value input, credit spreads, upper limit		1.48%
Fair value input, credit spreads, weighted-average		1.19%
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		$ 28
Fair value input, credit spreads, lower limit		1.21%
Fair value input, credit spreads, upper limit		1.48%
Fair value input, credit spreads, weighted-average		1.39%
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		$ 77
Fair value input, credit spreads, lower limit		0.73%
Fair value input, credit spreads, upper limit		2.27%
Fair value input, credit spreads, weighted-average		1.23%
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		$ 179
Fair value input, credit spreads, lower limit		0.85%
Fair value input, credit spreads, upper limit		2.76%
Fair value input, credit spreads, weighted-average		1.62%
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		$ 133
Fair value input, credit spreads, lower limit		0.71%
Fair value input, credit spreads, upper limit		2.76%
Fair value input, credit spreads, weighted-average		1.94%
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		$ 200
Fair value input, credit spreads, lower limit		0.64%
Fair value input, credit spreads, upper limit		2.27%
Fair value input, credit spreads, weighted-average		1.27%
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		$ 127
Fair value input, credit spreads, lower limit		0.91%
Fair value input, credit spreads, upper limit		2.19%
Fair value input, credit spreads, weighted-average		1.63%
[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		Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		$ 847	$ 847
Total liabilities		847	847
Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		4	109
Other liabilities | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value			102
Other liabilities | Other foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		4	7
Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		843	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]	381	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		444	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		18	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
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 | 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		4	109
Level 2 | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		4	109
Level 2 | Other liabilities | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value			102
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		4	7
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		843	738
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
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 | Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		843	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]	381	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		444	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		$ 18	$ 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		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		$ 778	$ 668	$ 738	$ 683
Total realized and unrealized (gains) losses included in net (income)		62	(15)	96	(45)
Total realized and unrealized (gains) losses included in OCI		0	0	0	0
Purchases		0	0	0	0
Sales		0	0	0	0
Issuances		11	10	26	31
Settlements		(8)	(3)	(17)	(9)
Transfer into Level 3		0	0	0	0
Transfer out of Level 3		0	0	0	0
Ending balance		843	660	843	660
Total (gains) losses included in net (income) attributable to liabilities still held		63	(16)	100	(42)
Policyholder account balances
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		778	668	738	683
Total realized and unrealized (gains) losses included in net (income)		62	(15)	96	(45)
Total realized and unrealized (gains) losses included in OCI		0	0	0	0
Purchases		0	0	0	0
Sales		0	0	0	0
Issuances		11	10	26	31
Settlements		(8)	(3)	(17)	(9)
Transfer into Level 3		0	0	0	0
Transfer out of Level 3		0	0	0	0
Ending balance		843	660	843	660
Total (gains) losses included in net (income) attributable to liabilities still held		63	(16)	100	(42)
Policyholder account balances | GMWB embedded derivatives
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	[1]	325	235	337	250
Total realized and unrealized (gains) losses included in net (income)	[1]	49	(41)	25	(71)
Total realized and unrealized (gains) losses included in OCI	[1]	0	0	0	0
Purchases	[1]	0	0	0	0
Sales	[1]	0	0	0	0
Issuances	[1]	7	7	19	22
Settlements	[1]	0	0	0	0
Transfer into Level 3	[1]	0	0	0	0
Transfer out of Level 3	[1]	0	0	0	0
Ending balance	[1]	381	201	381	201
Total (gains) losses included in net (income) attributable to liabilities still held	[1]	50	(42)	29	(68)
Policyholder account balances | Fixed index annuity embedded derivatives
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		438	420	389	419
Total realized and unrealized (gains) losses included in net (income)		14	29	72	36
Total realized and unrealized (gains) losses included in OCI		0	0	0	0
Purchases		0	0	0	0
Sales		0	0	0	0
Issuances		0	0	0	0
Settlements		(8)	(3)	(17)	(9)
Transfer into Level 3		0	0	0	0
Transfer out of Level 3		0	0	0	0
Ending balance		444	446	444	446
Total (gains) losses included in net (income) attributable to liabilities still held		14	29	72	36
Policyholder account balances | Indexed universal life embedded derivatives
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		15	13	12	14
Total realized and unrealized (gains) losses included in net (income)		(1)	(3)	(1)	(10)
Total realized and unrealized (gains) losses included in OCI		0	0	0	0
Purchases		0	0	0	0
Sales		0	0	0	0
Issuances		4	3	7	9
Settlements		0	0	0	0
Transfer into Level 3		0	0	0	0
Transfer out of Level 3		0	0	0	0
Ending balance		18	13	18	13
Total (gains) losses included in net (income) attributable to liabilities still held		$ (1)	$ (3)	$ (1)	$ (10)
[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	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Beginning balance	$ 10,295	$ 9,507
Less reinsurance recoverables	(2,379)	(2,419)
Net beginning balance	7,916	7,088
Current year	2,865	2,768
Prior years	(237)	(238)
Total incurred	2,628	2,530
Current year	(659)	(702)
Prior years	(1,794)	(1,738)
Total paid	(2,453)	(2,440)
Interest on liability for policy and contract claims	285	248
Foreign currency translation	(9)	(16)
Net ending balance	8,367	7,410
Add reinsurance recoverables	2,413	2,352
Ending balance	$ 10,780	$ 9,762

Liability for Policy and Cont_3

Liability for Policy and Contract Claims - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Liability for Claims and Claims Adjustment Expense [Line Items]
Incurred related to insured events of prior year	$ (237)	$ (238)
U.S. Mortgage Insurance
Liability for Claims and Claims Adjustment Expense [Line Items]
Favorable reserve adjustment	$ 9	$ 26

Reconciliation of Federal Statu

Reconciliation of Federal Statutory Tax Rate to Effective Income Tax Rate (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Examination [Line Items]
Statutory U.S. federal income tax rate	21.00%	21.00%	21.00%	21.00%
Swaps terminated prior to the TCJA	1.20%	14.00%	3.20%	10.70%
Provision to return adjustments	(1.60%)	0.50%	(0.40%)	(1.00%)
Effect of foreign operations	(0.80%)	4.50%	2.50%	4.80%
Nondeductible expense	0.10%	1.40%	0.50%	1.20%
TCJA, impact on foreign operations	0.00%	(7.20%)	0.00%	(1.90%)
TCJA, impact from change in tax rate	0.00%	0.00%	0.00%	3.70%
Valuation allowance	0.00%	(8.50%)	0.00%	(3.60%)
Other, net	0.00%	(3.50%)	(0.20%)	(0.40%)
Effective rate	19.90%	22.20%	26.60%	34.50%

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)Segment	Sep. 30, 2018USD ($)	Dec. 31, 2018
Segment Reporting Information [Line Items]
Number of operating segments | Segment			4
Assumed tax rate on adjustments to adjusted operating income			21.00%		21.00%
Expenses related to restructuring | $	$ 0	$ 2	$ 4	$ 2
Segment, Continuing Operations | Australia Mortgage Insurance
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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Revenues	$ 2,020	$ 1,952	$ 6,058	$ 5,916
Segment, Continuing Operations | U.S. Mortgage Insurance
Segment Reporting Information [Line Items]
Revenues	251	214	709	622
Segment, Continuing Operations | Australia Mortgage Insurance
Segment Reporting Information [Line Items]
Revenues	82	105	288	348
Segment, Continuing Operations | Long-term Care Insurance
Segment Reporting Information [Line Items]
Revenues	1,110	1,048	3,279	3,103
Segment, Continuing Operations | Life Insurance
Segment Reporting Information [Line Items]
Revenues	347	345	1,101	1,091
Segment, Continuing Operations | Fixed Annuities
Segment Reporting Information [Line Items]
Revenues	145	168	455	526
Segment, Continuing Operations | U.S. Life Insurance
Segment Reporting Information [Line Items]
Revenues	1,602	1,561	4,835	4,720
Segment, Continuing Operations | Runoff
Segment Reporting Information [Line Items]
Revenues	74	79	234	227
Segment, Continuing Operations | Corporate and Other
Segment Reporting Information [Line Items]
Revenues	$ 11	$ (7)	$ (8)	$ (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		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Net income available to Genworth Financial, Inc.'s common stockholders		$ 18	$ 146	$ 360	$ 448
Add: net income from continuing operations attributable tononcontrolling interests		10	18	45	62
Add: net income from discontinued operations attributable to noncontrolling interests		30	46	101	114
Net income		58	210	506	624
Less: income (loss) from discontinued operations, net of taxes		(80)	105	42	284
Income from continuing operations		138	105	464	340
Less: net income from continuing operations attributable tononcontrolling interests		10	18	45	62
Income from continuing operations available to GenworthFinancial, Inc.'s common stockholders		128	87	419	278
Net investment (gains) losses, net	[1]	(5)	14	(33)	26
Expenses related to restructuring		0	2	4	2
Taxes on adjustments		0	(4)	6	(6)
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		123	99	396	300
Segment, Continuing Operations | U.S. Mortgage Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		137	118	408	366
Segment, Continuing Operations | Australia Mortgage Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		12	17	39	58
Segment, Continuing Operations | Long-term Care Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		21	(24)	38	(34)
Segment, Continuing Operations | Life Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		(25)	(2)	(17)	1
Segment, Continuing Operations | Fixed Annuities
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		3	23	39	82
Segment, Continuing Operations | U.S. Life Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		(1)	(3)	60	49
Segment, Continuing Operations | Runoff
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		10	14	39	37
Segment, Continuing Operations | Corporate and Other
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders		$ (35)	$ (47)	$ (150)	$ (210)
[1]	For the three months ended September 30, 2019 and 2018, net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves of $(3) million in each period, and adjusted for net investment gains (losses) attributable to noncontrolling interests of $(4) million and $1 million, respectively. For the nine months ended September 30, 2019 and 2018, net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves of $(8) million and $(7) million, respectively, and adjusted for net investment gains (losses) attributable to noncontrolling interests of $ $2 million in each period.

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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Adjustment for DAC and other intangibles and certain benefit reserves	$ (3)	$ (3)	$ (8)	$ (7)
Adjustment for portion attributable to noncontrolling interests	$ (4)	$ 1	$ 2	$ 2

Summary of Segments and Corpora

Summary of Segments and Corporate and Other Activities (Detail) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Assets held for sale related to discontinued operations	$ 5,123	$ 5,015
Total assets	105,653	100,923
Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	100,530	95,908
U.S. Mortgage Insurance | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	4,139	3,583
Australia Mortgage Insurance | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	2,390	2,534
U.S. Life Insurance | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	82,378	79,799
Runoff | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	9,931	9,963
Corporate and Other | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	$ 1,692	$ 29

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) £ in Millions, $ in Millions	Sep. 11, 2019USD ($)	Feb. 25, 2019GBP (£)	Nov. 15, 2018GBP (£)	Jan. 31, 2019USD ($)	Dec. 31, 2017GBP (£)Company	Sep. 30, 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						$ 1,009
Commitment to fund U.S. commercial mortgage loan investments						24
Commitment to fund private placement investments						79
Updated Indemnity Limit | £		£ 265	£ 237
Loss Contingency, Damages Sought				$ 5
Loss contingencies actions by plaintiff	On September 11, 2019, plaintiffs filed a renewed motion seeking the same relief from their August 7, 2019 motion with an exception that allows GFIH to transfer $450 million of expected proceeds from the sale of Genworth Canada through a dividend to Genworth Holdings to allow the pay off of a senior secured term loan facility dated March 7, 2018 among Genworth Holdings as the borrower, GFIH as the limited guarantor and the lending parties thereto. Oral arguments on our motion to dismiss and plaintiffs’ motion occurred on October 21, 2019. We intend to continue to vigorously defend this action.
Restricted Cash Proceeds On Sale Per Litigation	$ 450
Notional amount
Commitments and Contingencies Disclosure [Line Items]
Commitment to fund bank loan investments						$ 51	$ 33

Component of Changes in Accumul

Component of Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions		3 Months Ended			9 Months Ended
		Sep. 30, 2019		Sep. 30, 2018	Sep. 30, 2019		Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		$ 3,013		$ 2,327	$ 2,044		$ 3,027
Cumulative effect of changes in accounting							131
OCI before reclassifications		626		(243)	1,779		(1,134)
Amounts reclassified from (to) OCI		(43)		(17)	(141)		(55)
Total other comprehensive income (loss)		583		(260)	1,638		(1,189)
Balances before nonnontrolling interests		3,596		2,067	3,682		1,969
Less: change in OCI attributable to noncontrolling interests		(26)		0	60		(98)
Ending balance		3,622		2,067	3,622		2,067
Net unrealized investment (gains) losses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[1]	1,305		736	595		1,085
Cumulative effect of changes in accounting	[1]						164
OCI before reclassifications	[1]	384		(141)	1,186		(682)
Amounts reclassified from (to) OCI	[1]	(13)		7	(59)		20
Total other comprehensive income (loss)	[1]	371		(134)	1,127		(662)
Balances before nonnontrolling interests	[1]	1,676		602	1,722		587
Less: change in OCI attributable to noncontrolling interests	[1]	1		(6)	47		(21)
Ending balance	[1]	1,675		608	1,675		608
Derivatives qualifying as hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[2]	1,983		1,863	1,781		2,065
Cumulative effect of changes in accounting	[2]						14
OCI before reclassifications	[2]	306		(122)	560		(287)
Amounts reclassified from (to) OCI	[2]	(30)		(24)	(82)		(75)
Total other comprehensive income (loss)	[2]	276		(146)	478		(362)
Balances before nonnontrolling interests	[2]	2,259		1,717	2,259		1,717
Less: change in OCI attributable to noncontrolling interests		0	[2]	0	0	[2]	0
Ending balance	[2]	2,259		1,717	2,259		1,717
Foreign currency translation and other adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(275)		(272)	(332)		(123)
Cumulative effect of changes in accounting							(47)
OCI before reclassifications		(64)		20	33		(165)
Amounts reclassified from (to) OCI		0		0	0		0
Total other comprehensive income (loss)		(64)		20	33		(165)
Balances before nonnontrolling interests		(339)		(252)	(299)		(335)
Less: change in OCI attributable to noncontrolling interests		(27)		6	13		(77)
Ending balance		(312)		(258)	(312)		(258)
Accumulated other comprehensive income (loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive income (loss)		609		(260)	1,578		(1,091)
Ending balance		$ 3,622		$ 2,067	$ 3,622		$ 2,067
[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 (Loss) - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 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	$ (44)	$ (45)

Reclassifications In (Out) of A

Reclassifications In (Out) of Accumulated Other Comprehensive Income (Loss), Net of Taxes (Detail) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income		$ (816)	$ (780)	$ (2,426)	$ (2,342)
Net investment (gains) losses		2	16	(27)	31
Provision for income taxes		34	30	169	179
(Income) loss from continuing operations		(138)	(105)	(464)	(340)
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]	(17)	9	(75)	25
Provision for income taxes		4	(2)	16	(5)
(Income) loss from continuing operations		(13)	7	(59)	20
Amount reclassified from accumulated other comprehensive income (loss) | Derivatives qualifying as hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Provision for income taxes		16	14	45	42
(Income) loss from continuing operations		(30)	(24)	(82)	(75)
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		(41)	(38)	(121)	(112)
Net investment (gains) losses		(4)	0	(6)	(5)
Amount reclassified from accumulated other comprehensive income (loss) | Derivatives qualifying as hedges | Foreign currency swaps
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income		$ (1)	$ 0	$ 0	$ 0
[1]	Amounts exclude adjustments to DAC, present value of future profits, sales inducements and benefit reserves.

Assets and Liabilities Held for

Assets and Liabilities Held for Sale Related to Discontinued Operations (Detail) - USD ($) $ in Millions	Sep. 30, 2019		Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Investments:
Fixed maturity securities available-for-sale, at fair value	$ 61,233		$ 55,589
Equity securities, at fair value	239		275
Other invested assets	1,693		1,072
Total investments	72,267		65,546
Cash, cash equivalents and restricted cash	1,629	[1]	1,974	$ 2,297
Accrued investment income	643		645
Deferred acquisition costs	1,881		3,142
Intangible assets and goodwill	210		333
Other assets	479		395
Total assets held for sale related to discontinued operations	5,123		5,015
Liabilities
Liability for policy and contract claims	10,780		10,295	$ 9,762	$ 9,507
Unearned premiums	1,863		2,013
Other liabilities	1,445		1,529
Long-term borrowings	3,706		3,707
Liabilities held for sale related to discontinued operations	2,302		2,112
Assets Held For Sale Related To Discontinued Operations | Canada Mortgage Insurance
Investments:
Fixed maturity securities available-for-sale, at fair value	4,225		4,072
Equity securities, at fair value	373		380
Other invested assets	129		116
Total investments	4,727		4,568
Cash, cash equivalents and restricted cash	362		203
Accrued investment income	38		30
Deferred acquisition costs	125		121
Intangible assets and goodwill	15		14
Other assets	52		79
Assets held for sale related to discontinued operations	5,319		5,015
Impairment of disposal group and cost to sell	(196)		0
Total assets held for sale related to discontinued operations	5,123		5,015
Liabilities
Liability for policy and contract claims	95		84
Unearned premiums	1,588		1,533
Other liabilities	264		154
Long-term borrowings	329		318
Deferred tax liability	26		23
Liabilities held for sale related to discontinued operations	$ 2,302		$ 2,112
[1]	On October 18, 2019, our U.S. mortgage insurance business paid a $250 million dividend. The cash proceeds from the dividend will be reflected in Genworth Holdings’ (“Issuer”) cash, cash equivalents and restricted cash balance in the fourth quarter of 2019.

Schedule Of Income Loss On Sale

Schedule Of Income Loss On Sale Recorded In Our Disposition Group (Detail) - Genworth Canada MI $ in Millions	3 Months Ended
	Sep. 30, 2019USD ($)
Net cash proceeds	$ 1,726
Add: adjusted carrying value of noncontrolling interests	1,405	[1]
Total adjusted consideration	3,131	[2]
Carrying value of the disposal group before accumulated other comprehensive income (loss)	3,017
Add: total accumulated other comprehensive (income) loss of disposal group	303	[3]
Total adjusted carrying value of the disposal group	3,320
Pre-tax loss on sale	(189)
Tax benefit on sale	25
After-tax loss on sale	$ (164)
[1]	In accordance with accounting guidance on the deconsolidation of a subsidiary or group of assets, the carrying amount of any noncontrolling interests in the subsidiary to be sold (adjusted to reflect amounts in accumulated other comprehensive income (loss) required to be derecognized upon final disposition) is added to the total fair value of the consideration to be received.
[2]	Represents the aggregate of the estimated net cash proceeds to be received upon sale closing plus the carrying amount of noncontrolling interests, including accumulated other comprehensive income (loss) attributable to noncontrolling interests.
[3]	Consists primarily of cumulative losses on foreign currency translation adjustments and deferred tax losses, partially offset by unrealized investment gains.

Summary of Operating Results Re

Summary of Operating Results Related to Discontinued Operations (Detail) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Premiums		$ 1,015	$ 995	$ 3,004	$ 3,001
Net investment income		816	780	2,426	2,342
Net investment gains (losses)		(2)	(16)	27	(31)
Benefits and expenses:
Benefits and other changes in policy reserves		1,284	1,303	3,817	3,782
Acquisition and operating expenses, net of deferrals		247	231	713	694
Amortization of deferred acquisition costs and intangibles		112	72	277	267
Total benefits and expenses		1,848	1,817	5,425	5,397
Income (loss) from discontinued operations, net of taxes		(80)	105	42	284
Less: net income from discontinued operations attributable to noncontrolling interests		30	46	101	114
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders		(110)	59	(59)	170
Assets Held For Sale Related To Discontinued Operations | Canada Mortgage Insurance
Revenues:
Premiums		130	127	381	397
Net investment income		37	35	108	105
Net investment gains (losses)		(12)	29	(12)	(1)
Total revenues		155	191	477	501
Benefits and expenses:
Benefits and other changes in policy reserves		23	18	61	55
Acquisition and operating expenses, net of deferrals		20	12	52	42
Amortization of deferred acquisition costs and intangibles		11	11	32	32
Interest expense	[1]	12	12	37	30
Total benefits and expenses		66	53	182	159
Income before income taxes and loss on sale	[2]	89	138	295	342
Provision for income taxes		5	33	89	58
Income before loss on sale		84	105	206	284
Loss on sale, net of taxes		(164)	0	(164)	0
Income (loss) from discontinued operations, net of taxes		(80)	105	42	284
Less: net income from discontinued operations attributable to noncontrolling interests		30	46	101	114
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders		$ (110)	$ 59	$ (59)	$ 170
[1]	Interest on debt that will be assumed by Brookfield and interest on debt required to be repaid as a result of the sale of Genworth Canada was allocated and reported in discontinued operations. A senior secured term loan facility (“Term Loan”), owed by Genworth Holdings and secured by GFIH’s ownership interest in Genworth Canada’s outstanding common shares, will be required to be repaid upon the sale of Genworth Canada. Accordingly, interest expense related to the Term Loan of $8 million for both the three months ended September 30, 2019 and 2018, and $23 million and $17 million for the nine months ended September 30, 2019 and 2018, respectively, was allocated and reported in discontinued operations.
[2]	The three months ended September 30, 2019 and 2018, includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $47 million and $75 million, respectively. The nine months ended September 30, 2019 and 2018, includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $158 million and $188 million, respectively.

Summary of Operating Results _2

Summary of Operating Results Related to Discontinued Operations (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Parent Company [Member]
Discontinued operation pretax income attributable to parent	$ 47	$ 75	$ 158	$ 188
Genworth Canada MI [Member]
Interest expense-term loan	$ 8	$ 8	$ 23	$ 17

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) - Genworth Canada MI $ in Millions	Aug. 12, 2019$ / shares	Aug. 12, 2019USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Sep. 12, 2019$ / shares
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of shareholding in the investee company		56.90%
Sale price per share disposed | $ / shares	$ 48.86
Sale of stock consideration received on transaction		$ 1,800
Special dividend reducing the purchase price per share | $ / shares					$ 1.45
Ordinary dividends no impact on share purchase price | $ / shares	$ 0.55
Estimated after tax loss on disposal of business				$ (164)
Subsequent Event [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Payments Of Dividends To Holding Company			$ 54
Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale discontinued operation impairment loss				196
Proceeds from sale of businesses				$ 1,700
GMICO
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of shareholding in the investee company		16.50%
GFIH
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of shareholding in the investee company		40.40%

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Millions	Sep. 30, 2019		Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Assets
Fixed maturity securities available-for-sale, at fair value	$ 61,233			$ 55,589
Equity securities, at fair value	239			275
Commercial mortgage loans	7,033			6,749
Policy loans	2,069			1,861
Other invested assets	1,693			1,072
Investments in subsidiaries	0			0
Total investments	72,267			65,546
Cash, cash equivalents and restricted cash	1,629	[1]		1,974	$ 2,297
Accrued investment income	643			645
Deferred acquisition costs	1,881			3,142
Intangible assets and goodwill	210			333
Reinsurance recoverable	17,180			17,278
Other assets	479			395
Intercompany notes receivable	0			0
Deferred tax assets	236			736
Separate account assets	6,005			5,859
Assets held for sale related to discontinued operations	5,123			5,015
Total assets	105,653			100,923
Liabilities and equity
Future policy benefits	40,489			37,940
Policyholder account balances	22,607			22,968
Liability for policy and contract claims	10,780			10,295	9,762		$ 9,507
Unearned premiums	1,863			2,013
Other liabilities	1,445			1,529
Intercompany notes payable	0			0
Non-recourse funding obligations	311			311
Long-term borrowings	3,706			3,707
Separate account liabilities	6,005			5,859
Liabilities held for sale related to discontinued operations	2,302			2,112
Total liabilities	89,508			86,734
Equity:
Common stock	1			1
Additional paid-in capital	11,986			11,987
Accumulated other comprehensive income (loss)	3,622		$ 3,013	2,044	2,067	$ 2,327	3,027
Retained earnings	1,478			1,118
Treasury stock, at cost	(2,700)			(2,700)
Total Genworth Financial, Inc.'s stockholders' equity	14,387			12,450
Noncontrolling interests	1,758			1,739
Total equity	16,145		$ 15,592	14,189	14,621	$ 14,741	$ 15,328
Total liabilities and equity	105,653			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	14,535			12,570
Total investments	14,535			12,570
Cash, cash equivalents and restricted cash	0	[1]		0	0
Accrued investment income	0			0
Deferred acquisition costs	0			0
Intangible assets and goodwill	0			0
Reinsurance recoverable	0			0
Other assets	3			15
Intercompany notes receivable	0			0
Deferred tax assets	4			14
Separate account assets	0			0
Assets held for sale related to discontinued operations	0			0
Total assets	14,542			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	1			27
Intercompany notes payable	154			122
Non-recourse funding obligations	0			0
Long-term borrowings	0			0
Separate account liabilities	0			0
Liabilities held for sale related to discontinued operations	0			0
Total liabilities	155			149
Equity:
Common stock	1			1
Additional paid-in capital	11,986			11,987
Accumulated other comprehensive income (loss)	3,622			2,044
Retained earnings	1,478			1,118
Treasury stock, at cost	(2,700)			(2,700)
Total Genworth Financial, Inc.'s stockholders' equity	14,387			12,450
Noncontrolling interests	0			0
Total equity	14,387			12,450
Total liabilities and equity	14,542			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	82			86
Investments in subsidiaries	12,889			11,462
Total investments	12,971			11,548
Cash, cash equivalents and restricted cash	297	[1]		429	534
Accrued investment income	0			0
Deferred acquisition costs	0			0
Intangible assets and goodwill	0			0
Reinsurance recoverable	0			0
Other assets	54			62
Intercompany notes receivable	279			180
Deferred tax assets	883			907
Separate account assets	0			0
Assets held for sale related to discontinued operations	0			0
Total assets	14,484			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	52			97
Intercompany notes payable	200			207
Non-recourse funding obligations	0			0
Long-term borrowings	3,571			3,567
Separate account liabilities	0			0
Liabilities held for sale related to discontinued operations	0			0
Total liabilities	3,823			3,871
Equity:
Common stock	0			0
Additional paid-in capital	9,095			9,095
Accumulated other comprehensive income (loss)	3,580			2,144
Retained earnings	(2,014)			(1,984)
Treasury stock, at cost	0			0
Total Genworth Financial, Inc.'s stockholders' equity	10,661			9,255
Noncontrolling interests	0			0
Total equity	10,661			9,255
Total liabilities and equity	14,484			13,126
Reportable Legal Entities | All Other Subsidiaries
Assets
Fixed maturity securities available-for-sale, at fair value	61,433			55,789
Equity securities, at fair value	239			275
Commercial mortgage loans	7,033			6,749
Policy loans	2,069			1,861
Other invested assets	1,623			988
Investments in subsidiaries	0			0
Total investments	72,397			65,662
Cash, cash equivalents and restricted cash	1,332	[1]		1,545	1,763
Accrued investment income	643			649
Deferred acquisition costs	1,881			3,142
Intangible assets and goodwill	210			333
Reinsurance recoverable	17,180			17,278
Other assets	422			318
Intercompany notes receivable	0			6
Deferred tax assets	(651)			(185)
Separate account assets	6,005			5,859
Assets held for sale related to discontinued operations	5,123			5,015
Total assets	104,542			99,622
Liabilities and equity
Future policy benefits	40,489			37,940
Policyholder account balances	22,607			22,968
Liability for policy and contract claims	10,780			10,295
Unearned premiums	1,863			2,013
Other liabilities	1,405			1,412
Intercompany notes payable	125			57
Non-recourse funding obligations	311			311
Long-term borrowings	135			140
Separate account liabilities	6,005			5,859
Liabilities held for sale related to discontinued operations	2,302			2,112
Total liabilities	86,022			83,107
Equity:
Common stock	3			3
Additional paid-in capital	18,429			18,425
Accumulated other comprehensive income (loss)	3,677			2,060
Retained earnings	(5,647)			(6,012)
Treasury stock, at cost	0			0
Total Genworth Financial, Inc.'s stockholders' equity	16,462			14,476
Noncontrolling interests	2,058			2,039
Total equity	18,520			16,515
Total liabilities and equity	104,542			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	(12)			(2)
Investments in subsidiaries	(27,424)			(24,032)
Total investments	(27,636)			(24,234)
Cash, cash equivalents and restricted cash	0	[1]		0	$ 0
Accrued investment income	0			(4)
Deferred acquisition costs	0			0
Intangible assets and goodwill	0			0
Reinsurance recoverable	0			0
Other assets	0			0
Intercompany notes receivable	(279)			(186)
Deferred tax assets	0			0
Separate account assets	0			0
Assets held for sale related to discontinued operations	0			0
Total assets	(27,915)			(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	(13)			(7)
Intercompany notes payable	(479)			(386)
Non-recourse funding obligations	0			0
Long-term borrowings	0			0
Separate account liabilities	0			0
Liabilities held for sale related to discontinued operations	0			0
Total liabilities	(492)			(393)
Equity:
Common stock	(3)			(3)
Additional paid-in capital	(27,524)			(27,520)
Accumulated other comprehensive income (loss)	(7,257)			(4,204)
Retained earnings	7,661			7,996
Treasury stock, at cost	0			0
Total Genworth Financial, Inc.'s stockholders' equity	(27,123)			(23,731)
Noncontrolling interests	(300)			(300)
Total equity	(27,423)			(24,031)
Total liabilities and equity	$ (27,915)			$ (24,424)
[1]	On October 18, 2019, our U.S. mortgage insurance business paid a $250 million dividend. The cash proceeds from the dividend will be reflected in Genworth Holdings’ (“Issuer”) cash, cash equivalents and restricted cash balance in the fourth quarter of 2019.

Condensed Consolidating Balan_2

Condensed Consolidating Balance Sheet (Detail) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Condensed Financial Statements, Captions [Line Items]
Restricted commercial mortgage loans related to securitization entities	$ 53	$ 62

Condensed Consolidating Income

Condensed Consolidating Income Statement (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Premiums	$ 1,015	$ 995	$ 3,004	$ 3,001
Net investment income	816	780	2,426	2,342
Net investment gains (losses)	(2)	(16)	27	(31)
Policy fees and other income	191	193	601	604
Total revenues	2,020	1,952	6,058	5,916
Benefits and expenses:
Benefits and other changes in policy reserves	1,284	1,303	3,817	3,782
Interest credited	146	151	439	459
Acquisition and operating expenses, net of deferrals	247	231	713	694
Amortization of deferred acquisition costs and intangibles	112	72	277	267
Interest expense	59	60	179	195
Total benefits and expenses	1,848	1,817	5,425	5,397
Income from continuing operations before income taxes	172	135	633	519
Provision (benefit) for income taxes	34	30	169	179
Equity in loss of subsidiaries	0	0	0	0
Income (loss) from continuing operations	138	105	464	340
Income (loss) from discontinued operations, net of taxes	(80)	105	42	284
Net income	58	210	506	624
Less: net income from continuing operations attributable to noncontrolling interests	10	18	45	62
Less: net income from discontinued operations attributable to noncontrolling interests	30	46	101	114
Net income available to Genworth Financial, Inc.'s common stockholders	18	146	360	448
Reportable Legal Entities | Parent Guarantor
Revenues:
Premiums	0	0	0	0
Net investment income	(1)	(1)	(2)	(2)
Net investment gains (losses)	0	0	0	0
Policy fees and other income	0	0	0	0
Total revenues	(1)	(1)	(2)	(2)
Benefits and expenses:
Benefits and other changes in policy reserves	0	0	0	0
Interest credited	0	0	0	0
Acquisition and operating expenses, net of deferrals	6	8	13	22
Amortization of deferred acquisition costs and intangibles	0	0	0	0
Interest expense	0	0	3	1
Total benefits and expenses	6	8	16	23
Income from continuing operations before income taxes	(7)	(9)	(18)	(25)
Provision (benefit) for income taxes	(39)	(25)	5	13
Equity in loss of subsidiaries	(14)	130	383	486
Income (loss) from continuing operations	18	146	360	448
Income (loss) from discontinued operations, net of taxes	0	0	0	0
Net income	18	146	360	448
Less: net income from continuing operations attributable to noncontrolling interests	0	0	0	0
Less: net income from discontinued operations attributable to noncontrolling interests	0	0	0	0
Net income available to Genworth Financial, Inc.'s common stockholders	18	146	360	448
Reportable Legal Entities | Issuer
Revenues:
Premiums	0	0	0	0
Net investment income	3	4	7	11
Net investment gains (losses)	(1)	4	(13)	2
Policy fees and other income	0	(2)	2	(1)
Total revenues	2	6	(4)	12
Benefits and expenses:
Benefits and other changes in policy reserves	0	0	0	0
Interest credited	0	0	0	0
Acquisition and operating expenses, net of deferrals	0	1	(2)	1
Amortization of deferred acquisition costs and intangibles	0	0	0	0
Interest expense	57	56	171	185
Total benefits and expenses	57	57	169	186
Income from continuing operations before income taxes	(55)	(51)	(173)	(174)
Provision (benefit) for income taxes	(10)	0	(33)	(29)
Equity in loss of subsidiaries	(91)	52	122	248
Income (loss) from continuing operations	(136)	1	(18)	103
Income (loss) from discontinued operations, net of taxes	1	(6)	(12)	(13)
Net income	(135)	(5)	(30)	90
Less: net income from continuing operations attributable to noncontrolling interests	0	0	0	0
Less: net income from discontinued operations attributable to noncontrolling interests	0	0	0	0
Net income available to Genworth Financial, Inc.'s common stockholders	(135)	(5)	(30)	90
Reportable Legal Entities | All Other Subsidiaries
Revenues:
Premiums	1,015	995	3,004	3,001
Net investment income	818	781	2,432	2,344
Net investment gains (losses)	(1)	(20)	40	(33)
Policy fees and other income	192	195	603	607
Total revenues	2,024	1,951	6,079	5,919
Benefits and expenses:
Benefits and other changes in policy reserves	1,284	1,303	3,817	3,782
Interest credited	146	151	439	459
Acquisition and operating expenses, net of deferrals	241	222	702	671
Amortization of deferred acquisition costs and intangibles	112	72	277	267
Interest expense	7	8	20	22
Total benefits and expenses	1,790	1,756	5,255	5,201
Income from continuing operations before income taxes	234	195	824	718
Provision (benefit) for income taxes	83	55	197	195
Equity in loss of subsidiaries	0	0	0	0
Income (loss) from continuing operations	151	140	627	523
Income (loss) from discontinued operations, net of taxes	(81)	111	54	297
Net income	70	251	681	820
Less: net income from continuing operations attributable to noncontrolling interests	10	18	45	62
Less: net income from discontinued operations attributable to noncontrolling interests	30	46	101	114
Net income available to Genworth Financial, Inc.'s common stockholders	30	187	535	644
Eliminations
Revenues:
Premiums	0	0	0	0
Net investment income	(4)	(4)	(11)	(11)
Net investment gains (losses)	0	0	0	0
Policy fees and other income	(1)	0	(4)	(2)
Total revenues	(5)	(4)	(15)	(13)
Benefits and expenses:
Benefits and other changes in policy reserves	0	0	0	0
Interest credited	0	0	0	0
Acquisition and operating expenses, net of deferrals	0	0	0	0
Amortization of deferred acquisition costs and intangibles	0	0	0	0
Interest expense	(5)	(4)	(15)	(13)
Total benefits and expenses	(5)	(4)	(15)	(13)
Income from continuing operations before income taxes	0	0	0	0
Provision (benefit) for income taxes	0	0	0	0
Equity in loss of subsidiaries	105	(182)	(505)	(734)
Income (loss) from continuing operations	105	(182)	(505)	(734)
Income (loss) from discontinued operations, net of taxes	0	0	0	0
Net income	105	(182)	(505)	(734)
Less: net income from continuing operations attributable to noncontrolling interests	0	0	0	0
Less: net income from discontinued operations attributable to noncontrolling interests	0	0	0	0
Net income available to Genworth Financial, Inc.'s common stockholders	$ 105	$ (182)	$ (505)	$ (734)

Condensed Consolidating Stateme

Condensed Consolidating Statement of Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	$ 58	$ 210	$ 506	$ 624
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired	371	(134)	1,126	(660)
Net unrealized gains (losses) on other-than-temporarily impaired securities	0	0	1	(2)
Derivatives qualifying as hedges	276	(146)	478	(362)
Foreign currency translation and other adjustments	(64)	20	33	(165)
Total other comprehensive income (loss)	583	(260)	1,638	(1,189)
Total comprehensive income (loss)	641	(50)	2,144	(565)
Less: comprehensive income attributable to noncontrolling interests	14	64	206	78
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	627	(114)	1,938	(643)
Reportable Legal Entities | Parent Guarantor
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	18	146	360	448
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired	370	(128)	1,079	(639)
Net unrealized gains (losses) on other-than-temporarily impaired securities		0	1	(2)
Derivatives qualifying as hedges	276	(146)	478	(362)
Foreign currency translation and other adjustments	(37)	14	20	(88)
Total other comprehensive income (loss)	609	(260)	1,578	(1,091)
Total comprehensive income (loss)	627	(114)	1,938	(643)
Less: comprehensive income attributable to noncontrolling interests	0	0	0	0
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	627	(114)	1,938	(643)
Reportable Legal Entities | Issuer
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(135)	(5)	(30)	90
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired	354	(120)	948	(582)
Net unrealized gains (losses) on other-than-temporarily impaired securities		(1)	1	(2)
Derivatives qualifying as hedges	276	(146)	478	(363)
Foreign currency translation and other adjustments	(32)	6	9	(76)
Total other comprehensive income (loss)	598	(261)	1,436	(1,023)
Total comprehensive income (loss)	463	(266)	1,406	(933)
Less: comprehensive income attributable to noncontrolling interests	0	0	0	0
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	463	(266)	1,406	(933)
Reportable Legal Entities | All Other Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	70	251	681	820
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired	371	(133)	1,126	(659)
Net unrealized gains (losses) on other-than-temporarily impaired securities		0	1	(2)
Derivatives qualifying as hedges	293	(152)	518	(385)
Foreign currency translation and other adjustments	(64)	19	32	(166)
Total other comprehensive income (loss)	600	(266)	1,677	(1,212)
Total comprehensive income (loss)	670	(15)	2,358	(392)
Less: comprehensive income attributable to noncontrolling interests	14	64	206	78
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	656	(79)	2,152	(470)
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	105	(182)	(505)	(734)
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired	(724)	247	(2,027)	1,220
Net unrealized gains (losses) on other-than-temporarily impaired securities		1	(2)	4
Derivatives qualifying as hedges	(569)	298	(996)	748
Foreign currency translation and other adjustments	69	(19)	(28)	165
Total other comprehensive income (loss)	(1,224)	527	(3,053)	2,137
Total comprehensive income (loss)	(1,119)	345	(3,558)	1,403
Less: comprehensive income attributable to noncontrolling interests	0	0	0	0
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	$ (1,119)	$ 345	$ (3,558)	$ 1,403

Condensed Consolidating State_2

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2019		Sep. 30, 2018	Sep. 30, 2019		Sep. 30, 2018	Dec. 31, 2018
Cash flows from (used by) operating activities:
Net income (loss)	$ 58		$ 210	$ 506		$ 624
Less (income) loss from discontinued operations, net of taxes	80		(105)	(42)		(284)
Adjustments to reconcile net income (loss) to net cash from (used by) operating activities:
Equity in income from subsidiaries	0		0	0		0
Dividends from subsidiaries				0		0
Amortization of fixed maturity securities discounts and premiums				(93)		(99)
Net investment (gains) losses	2		16	(27)		31
Charges assessed to policyholders				(532)		(528)
Acquisition costs deferred				(22)		(32)
Amortization of deferred acquisition costs and intangibles				277		267
Deferred income taxes				106		119
Derivative instruments and limited partnerships				121		(369)
Stock-based compensation expense				17		23
Change in certain assets and liabilities:
Accrued investment income and other assets				(327)		(119)
Insurance reserves				906		1,039
Current tax liabilities				36		33
Other liabilities, policy and contract claims and other policy-related balances				348		62
Cash from operating activities—discontinued operations				334		206
Net cash from (used by) operating activities				1,608		973
Cash flows used by investing activities:
Fixed maturity securities				2,734		2,661
Commercial mortgage loans				387		543
Restricted commercial mortgage loans related to a securitization entity				8		20
Proceeds from sales of investments:
Fixed maturity and equity securities				3,024		2,853
Purchases and originations of investments:
Fixed maturity and equity securities				(5,805)		(5,486)
Commercial mortgage loans				(682)		(769)
Other invested assets, net				(259)		250
Policy loans, net				51		35
Intercompany notes receivable				0		0
Capital contributions to subsidiaries				0		0
Cash used by investing activities—discontinued operations				(6)		(38)
Net cash used by investing activities				(548)		69
Cash flows from (used by) financing activities:
Deposits to universal life and investment contracts				637		805
Withdrawals from universal life and investment contracts				(1,699)		(1,806)
Proceeds from the issuance of long-term debt						441
Repayment and repurchase of long-term debt				(3)		(598)
Repayment of borrowings related to a securitization entity						(20)
Repurchase of subsidiary shares				(22)		(55)
Dividends paid to noncontrolling interests				(55)		(41)
Intercompany notes payable				0		0
Other, net				(24)		2
Cash used by financing activities—discontinued operations				(76)		(78)
Net cash from (used by) financing activities				(1,242)		(1,350)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (includes $8 and $(11) related to discontinued operations				(4)		(62)
Net change in cash, cash equivalents and restricted cash				(186)		(370)
Cash, cash equivalents and restricted cash at beginning of period				2,177		2,875
Cash, cash equivalents and restricted cash at end of period	1,991		2,505	1,991		2,505
Less cash, cash equivalents and restricted cash of discontinued operations at end of period	362		208	362		208
Cash, cash equivalents and restricted cash of continuing operations at end of period	1,629	[1]	2,297	1,629	[1]	2,297	$ 1,974
Reportable Legal Entities | Parent Guarantor
Cash flows from (used by) operating activities:
Net income (loss)	18		146	360		448
Less (income) loss from discontinued operations, net of taxes	0		0	0		0
Adjustments to reconcile net income (loss) to net cash from (used by) operating activities:
Equity in income from subsidiaries	14		(130)	(383)		(486)
Dividends from subsidiaries				0		50
Amortization of fixed maturity securities discounts and premiums				0		0
Net investment (gains) losses	0		0	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				10		23
Derivative instruments and limited partnerships				0		0
Stock-based compensation expense				16		23
Change in certain assets and liabilities:
Accrued investment income and other assets				0		0
Insurance reserves				0		0
Current tax liabilities				(6)		(33)
Other liabilities, policy and contract claims and other policy-related balances				(18)		(15)
Cash from operating activities—discontinued operations				0		0
Net cash from (used by) operating activities				(21)		10
Cash flows 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				(4)		(4)
Cash used by investing activities—discontinued operations				0		0
Net cash used by investing activities				(4)		(4)
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 and repurchase of long-term debt				0		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				32		(4)
Other, net				(7)		(2)
Cash used by financing activities—discontinued operations				0		0
Net cash from (used by) financing activities				25		(6)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (includes $8 and $(11) related to discontinued operations				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	0		0
Less cash, cash equivalents and restricted cash of discontinued operations at end of period	0		0	0		0
Cash, cash equivalents and restricted cash of continuing operations at end of period	0	[1]	0	0	[1]	0	0
Reportable Legal Entities | Issuer
Cash flows from (used by) operating activities:
Net income (loss)	(135)		(5)	(30)		90
Less (income) loss from discontinued operations, net of taxes	(1)		6	12		13
Adjustments to reconcile net income (loss) to net cash from (used by) operating activities:
Equity in income from subsidiaries	91		(52)	(122)		(248)
Dividends from subsidiaries				83		101
Amortization of fixed maturity securities discounts and premiums				5		4
Net investment (gains) losses	1		(4)	13		(2)
Charges assessed to policyholders				0		0
Acquisition costs deferred				0		0
Amortization of deferred acquisition costs and intangibles				0		0
Deferred income taxes				39		(203)
Derivative instruments and limited partnerships				(52)		33
Stock-based compensation expense				0		0
Change in certain assets and liabilities:
Accrued investment income and other assets				0		149
Insurance reserves				0		0
Current tax liabilities				5		170
Other liabilities, policy and contract claims and other policy-related balances				(47)		(174)
Cash from operating activities—discontinued operations				84		68
Net cash from (used by) operating activities				(10)		1
Cash flows 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				5		0
Policy loans, net				0		0
Intercompany notes receivable				(99)		(19)
Capital contributions to subsidiaries				0		0
Cash used by investing activities—discontinued operations				0		0
Net cash used by investing activities				(94)		(19)
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 and repurchase of long-term debt				(3)		(598)
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)		(58)
Other, net				(18)		(28)
Cash used by financing activities—discontinued operations				0		0
Net cash from (used by) financing activities				(28)		(243)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (includes $8 and $(11) related to discontinued operations				0		0
Net change in cash, cash equivalents and restricted cash				(132)		(261)
Cash, cash equivalents and restricted cash at beginning of period				429		795
Cash, cash equivalents and restricted cash at end of period	297		534	297		534
Less cash, cash equivalents and restricted cash of discontinued operations at end of period	0		0	0		0
Cash, cash equivalents and restricted cash of continuing operations at end of period	297	[1]	534	297	[1]	534	429
Reportable Legal Entities | All Other Subsidiaries
Cash flows from (used by) operating activities:
Net income (loss)	70		251	681		820
Less (income) loss from discontinued operations, net of taxes	81		(111)	(54)		(297)
Adjustments to reconcile net income (loss) to net cash from (used by) operating activities:
Equity in income from subsidiaries	0		0	0		0
Dividends from subsidiaries				(83)		(151)
Amortization of fixed maturity securities discounts and premiums				(98)		(103)
Net investment (gains) losses	1		20	(40)		33
Charges assessed to policyholders				(532)		(528)
Acquisition costs deferred				(22)		(32)
Amortization of deferred acquisition costs and intangibles				277		267
Deferred income taxes				57		299
Derivative instruments and limited partnerships				173		(402)
Stock-based compensation expense				1		0
Change in certain assets and liabilities:
Accrued investment income and other assets				(323)		(271)
Insurance reserves				906		1,039
Current tax liabilities				37		(104)
Other liabilities, policy and contract claims and other policy-related balances				419		260
Cash from operating activities—discontinued operations				250		138
Net cash from (used by) operating activities				1,649		968
Cash flows used by investing activities:
Fixed maturity securities				2,734		2,661
Commercial mortgage loans				387		543
Restricted commercial mortgage loans related to a securitization entity				8		20
Proceeds from sales of investments:
Fixed maturity and equity securities				3,024		2,853
Purchases and originations of investments:
Fixed maturity and equity securities				(5,805)		(5,486)
Commercial mortgage loans				(682)		(769)
Other invested assets, net				(274)		244
Policy loans, net				51		35
Intercompany notes receivable				6		58
Capital contributions to subsidiaries				4		4
Cash used by investing activities—discontinued operations				(6)		(38)
Net cash used by investing activities				(553)		125
Cash flows from (used by) financing activities:
Deposits to universal life and investment contracts				637		805
Withdrawals from universal life and investment contracts				(1,699)		(1,806)
Proceeds from the issuance of long-term debt						0
Repayment and repurchase of long-term debt				0		0
Repayment of borrowings related to a securitization entity						(20)
Repurchase of subsidiary shares				(22)		(55)
Dividends paid to noncontrolling interests				(55)		(41)
Intercompany notes payable				68		23
Other, net				1		32
Cash used by financing activities—discontinued operations				(76)		(78)
Net cash from (used by) financing activities				(1,146)		(1,040)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (includes $8 and $(11) related to discontinued operations				(4)		(62)
Net change in cash, cash equivalents and restricted cash				(54)		(109)
Cash, cash equivalents and restricted cash at beginning of period				1,748		2,080
Cash, cash equivalents and restricted cash at end of period	1,694		1,971	1,694		1,971
Less cash, cash equivalents and restricted cash of discontinued operations at end of period	362		208	362		208
Cash, cash equivalents and restricted cash of continuing operations at end of period	1,332	[1]	1,763	1,332	[1]	1,763	1,545
Eliminations
Cash flows from (used by) operating activities:
Net income (loss)	105		(182)	(505)		(734)
Less (income) loss from discontinued operations, net of taxes	0		0	0		0
Adjustments to reconcile net income (loss) to net cash from (used by) operating activities:
Equity in income from subsidiaries	(105)		182	505		734
Dividends from subsidiaries				0		0
Amortization of fixed maturity securities discounts and premiums				0		0
Net investment (gains) losses	0		0	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				(6)		(9)
Cash from operating activities—discontinued operations				0		0
Net cash from (used by) operating activities				(10)		(6)
Cash flows 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				10		6
Policy loans, net				0		0
Intercompany notes receivable				93		(39)
Capital contributions to subsidiaries				0		0
Cash used by investing activities—discontinued operations				0		0
Net cash used by investing activities				103		(33)
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 and repurchase of long-term debt				0		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				(93)		39
Other, net				0		0
Cash used by financing activities—discontinued operations				0		0
Net cash from (used by) financing activities				(93)		39
Effect of exchange rate changes on cash, cash equivalents and restricted cash (includes $8 and $(11) related to discontinued operations				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	0		0
Less cash, cash equivalents and restricted cash of discontinued operations at end of period	0		0	0		0
Cash, cash equivalents and restricted cash of continuing operations at end of period	$ 0	[1]	$ 0	$ 0	[1]	$ 0	$ 0
[1]	On October 18, 2019, our U.S. mortgage insurance business paid a $250 million dividend. The cash proceeds from the dividend will be reflected in Genworth Holdings’ (“Issuer”) cash, cash equivalents and restricted cash balance in the fourth quarter of 2019.

Condensed Consolidating State_3

Condensed Consolidating Statement of Cash Flows (Parenthetical) (Detail) - USD ($) $ in Millions	1 Months Ended	9 Months Ended
	Oct. 18, 2019	Sep. 30, 2019	Sep. 30, 2018
Discontinued operations exchange rate effect		$ 8	$ (11)
Dividends from subsidiaries		$ 0	$ 0
Subsequent Event [Member]
Dividends from subsidiaries	$ 250

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 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	$ 14,000
Genworth Holdings Subsidiaries [Member]
Restricted net assets	$ 12,700