Genworth Financial (GNW) 10-Q 5 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Jul. 27, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001276520
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
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, par value $.001 per share
Entity Common Stock, Shares Outstanding		507,385,834

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Assets
Fixed maturity securities available-for-sale, at fair value (amortized cost of $53,111 and $53,417 and allowance for credit losses of $— and $4 as of June 30, 2021 and December 31, 2020, respectively)	$ 61,649	$ 63,495
Equity securities, at fair value	147	386
Commercial mortgage loans (net of unamortized balance of loan origination fees and costs of $4 as of June 30, 2021 and December 31, 2020)	6,912	6,774
Less: Allowance for credit losses	(33)	(31)
Commercial mortgage loans, net	6,879	6,743
Policy loans	2,083	1,978
Other invested assets	2,260	2,099
Total investments	73,018	74,701
Cash, cash equivalents and restricted cash	2,214	2,561
Accrued investment income	573	655
Deferred acquisition costs	1,212	1,487
Intangible assets	151	157
Reinsurance recoverable	16,716	16,864
Less: Allowance for credit losses	(50)	(45)
Reinsurance recoverable, net	16,666	16,819
Other assets	403	404
Deferred tax asset	211	65
Separate account assets	6,202	6,081
Assets related to discontinued operations	0	2,817
Total assets	100,650	105,747
Liabilities and equity
Future policy benefits	42,165	42,695
Policyholder account balances	19,944	21,503
Liability for policy and contract claims	11,546	11,486
Unearned premiums	695	775
Other liabilities	1,664	1,614
Long-term borrowings	2,924	3,403
Separate account liabilities	6,202	6,081
Liabilities related to discontinued operations	346	2,370
Total liabilities	85,486	89,927
Commitments and contingencies
Equity:
Class A common stock, $0.001 par value; 1.5 billion shares authorized; 596 million and 594 million shares issued as of June 30, 2021 and December 31, 2020, respectively; 508 million and 506 million shares outstanding as of June 30, 2021 and December 31, 2020, respectively	1	1
Additional paid-in capital	12,018	12,008
Accumulated other comprehensive income (loss)	3,834	4,425
Retained earnings	2,011	1,584
Treasury stock, at cost (88 million shares as of June 30, 2021 and December 31, 2020)	(2,700)	(2,700)
Total Genworth Financial, Inc.'s stockholders' equity	15,164	15,318
Noncontrolling interests	0	502
Total equity	15,164	15,820
Total liabilities and equity	$ 100,650	$ 105,747

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Debt securities amortized costs	$ 53,111	$ 53,417
Debt securities allowance for credit losses	0	4
Unamortized balance of loan origination fees	$ 4	$ 4
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	596,000,000	594,000,000
Class A common stock, shares outstanding	508,000,000	506,000,000
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		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues:
Premiums		$ 947	$ 957	$ 1,915	$ 1,903
Net investment income		844	779	1,645	1,561
Net investment gains (losses)		70	93	103	(6)
Policy fees and other income		180	174	363	354
Total revenues		2,041	2,003	4,026	3,812
Benefits and expenses:
Benefits and other changes in policy reserves		1,161	1,447	2,379	2,784
Interest credited		127	139	258	280
Acquisition and operating expenses, net of deferrals		304	210	579	447
Amortization of deferred acquisition costs and intangibles		86	87	163	195
Interest expense		43	42	94	93
Total benefits and expenses		1,721	1,925	3,473	3,799
Income from continuing operations before income taxes		320	78	553	13
Provision for income taxes		75	23	134	18
Income (loss) from continuing operations		245	55	419	(5)
Income (loss) from discontinued operations, net of taxes		(5)	(473)	16	(485)
Net income (loss)		240	(418)	435	(490)
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	23	8	17
Net income (loss) available to Genworth Financial, Inc.'s common stockholders		240	(441)	427	(507)
Net income (loss) available to Genworth Financial, Inc.'s common stockholders:
Income (loss) from continuing operations available to Genworth Financial, Inc.'s common stockholders		245	55	419	(5)
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders		(5)	(496)	8	(502)
Net income (loss) available to Genworth Financial, Inc.'s common stockholders		$ 240	$ (441)	$ 427	$ (507)
Income (loss) from continuing operations available to Genworth Financial, Inc.'s common stockholders per share:
Basic		$ 0.48	$ 0.11	$ 0.83	$ (0.01)
Diluted		0.47	0.11	0.82	(0.01)
Net income (loss) available to Genworth Financial, Inc.'s common stockholders per share:
Basic	[1]	0.47	(0.87)	0.84	(1)
Diluted		$ 0.47	$ (0.86)	$ 0.83	$ (1)
Weighted-average common shares outstanding:
Basic		507	505.4	506.5	504.8
Diluted	[2]	515	512.5	514.4	504.8
[1]	May not total due to whole number calculation.
[2]	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of our loss from continuing operations available to Genworth Financial, Inc.’s common stockholders for the six months ended June 30, 2020, we were required to use basic weighted-average common shares outstanding as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 6.3 million would have been antidilutive to the calculation. If we had not incurred a loss from continuing operations available to Genworth Financial, Inc.’s common stockholders for the six months ended June 30, 2020, dilutive potential weighted-average common shares outstanding would have been 511.1 million.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net income (loss)	$ 240	$ (418)	$ 435	$ (490)
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities without an allowance for credit losses	(58)	682	(380)	362
Net unrealized gains (losses) on securities with an allowance for credit losses	4	(8)	6	(8)
Derivatives qualifying as hedges	211	(78)	(208)	675
Foreign currency translation and other adjustments	2	73	138	(25)
Total other comprehensive income (loss)	159	669	(444)	1,004
Total comprehensive income (loss)	399	251	(9)	514
Less: comprehensive income attributable to noncontrolling interests	0	60	155	7
Total comprehensive income (loss) available to Genworth Financial, Inc.'s common stockholders	$ 399	$ 191	$ (164)	$ 507

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions	Total	Cumulative effect of change in accounting, net of taxes	Common stock	Common stockCumulative effect of change in accounting, net of taxes	Additional paid-in capital	Additional paid-in capitalCumulative effect of change in accounting, net of taxes	Accumulated other comprehensive income (loss)	Accumulated other comprehensive income (loss)Cumulative effect of change in accounting, net of taxes	Retained earnings	Retained earningsCumulative effect of change in accounting, net of taxes	Treasury stock, at cost	Treasury stock, at costCumulative effect of change in accounting, net of taxes	Total Genworth Financial, Inc.'s stockholders' equity	Total Genworth Financial, Inc.'s stockholders' equityCumulative effect of change in accounting, net of taxes	Noncontrolling interests	Noncontrolling interestsCumulative effect of change in accounting, net of taxes
Balances, beginning at Dec. 31, 2019	$ 14,632	$ (55)	$ 1	$ 0	$ 11,990	$ 0	$ 3,433	$ 0	$ 1,461	$ (55)	$ (2,700)	$ 0	$ 14,185	$ (55)	$ 447	$ 0
Comprehensive income (loss):
Net income	(490)		0		0		0		(507)		0		(507)		17
Other comprehensive income (loss), net of taxes	1,004		0		0		1,014		0		0		1,014		(10)
Total comprehensive income (loss)	514												507		7
Dividends to noncontrolling interests	(9)		0		0		0		0		0		0		(9)
Stock-based compensation expense and exercises and other	6		0		6		0		0		0		6		0
Balances, ending at Jun. 30, 2020	15,088		1		11,996		4,447		899		(2,700)		14,643		445
Balances, beginning at Mar. 31, 2020	14,834		1		11,993		3,815		1,340		(2,700)		14,449		385
Comprehensive income (loss):
Net income	(418)		0		0		0		(441)		0		(441)		23
Other comprehensive income (loss), net of taxes	669		0		0		632		0		0		632		37
Total comprehensive income (loss)	251												191		60
Stock-based compensation expense and exercises and other	3		0		3		0		0		0		3		0
Balances, ending at Jun. 30, 2020	15,088		1		11,996		4,447		899		(2,700)		14,643		445
Balances, beginning at Dec. 31, 2020	15,820		1		12,008		4,425		1,584		(2,700)		15,318		502
Sale of business that included noncontrolling interests	(657)		0		0		0		0		0		0		(657)
Comprehensive income (loss):
Net income	435		0		0		0		427		0		427		8
Other comprehensive income (loss), net of taxes	(444)		0		0		(591)		0		0		(591)		147
Total comprehensive income (loss)	(9)												(164)		155
Stock-based compensation expense and exercises and other	10		0		10		0		0		0		10		0
Balances, ending at Jun. 30, 2021	15,164		1		12,018		3,834		2,011		(2,700)		15,164		0
Balances, beginning at Mar. 31, 2021	14,758		1		12,011		3,675		1,771		(2,700)		14,758		0
Comprehensive income (loss):
Net income	240		0		0		0		240		0		240		0
Other comprehensive income (loss), net of taxes	159		0		0		159		0		0		159		0
Total comprehensive income (loss)	399												399		0
Stock-based compensation expense and exercises and other	7		0		7		0		0		0		7		0
Balances, ending at Jun. 30, 2021	$ 15,164		$ 1		$ 12,018		$ 3,834		$ 2,011		$ (2,700)		$ 15,164		$ 0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net income (loss)	$ 435	$ (490)
Less (income) loss from discontinued operations, net of taxes	(16)	485
Adjustments to reconcile net income (loss) to net cash from operating activities:
Amortization of fixed maturity securities discounts and premiums	(80)	(58)
Net investment (gains) losses	(103)	6
Charges assessed to policyholders	(317)	(314)
Acquisition costs deferred	(3)	(3)
Amortization of deferred acquisition costs and intangibles	163	195
Deferred income taxes	132	16
Derivative instruments, limited partnerships and other	(189)	196
Stock-based compensation expense	25	19
Change in certain assets and liabilities:
Accrued investment income and other assets	(69)	(84)
Insurance reserves	507	674
Current tax liabilities	(4)	2
Other liabilities, policy and contract claims and other policy-related balances	(60)	736
Cash used by operating activities—discontinued operations	(192)	(81)
Net cash from operating activities	229	1,299
Cash flows from (used by) investing activities:
Fixed maturity securities	2,220	1,616
Commercial mortgage loans	392	302
Other invested assets	107	71
Proceeds from sales of investments:
Fixed maturity and equity securities	1,306	1,006
Purchases and originations of investments:
Fixed maturity and equity securities	(2,868)	(3,336)
Commercial mortgage loans	(531)	(271)
Other invested assets	(240)	(236)
Short-term investments, net	(76)	(17)
Policy loans, net	28	10
Proceeds from sale of business, net of cash transferred	270	0
Cash used by investing activities—discontinued operations	(67)	(32)
Net cash from (used by) investing activities	541	(887)
Cash flows used by financing activities:
Deposits to universal life and investment contracts	349	516
Withdrawals from universal life and investment contracts	(1,143)	(914)
Redemption of non-recourse funding obligations	0	(315)
Repayment and repurchase of long-term debt	(484)	(471)
Other, net	65	49
Cash used by financing activities—discontinued operations	0	(9)
Net cash used by financing activities	(1,213)	(1,144)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (includes $(1) and $(6) related to discontinued operations)	1	(12)
Net change in cash, cash equivalents and restricted cash	(442)	(744)
Cash, cash equivalents and restricted cash at beginning of period	2,656	3,341
Cash, cash equivalents and restricted cash at end of period	2,214	2,597
Less cash, cash equivalents and restricted cash of discontinued operations at end of period	0	74
Cash, cash equivalents and restricted cash of continuing operations at end of period	$ 2,214	$ 2,523

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Statement of Cash Flows [Abstract]
Discontinued operations exchange rate effect	$ (1)	$ (6)

Formation of Genworth and Basis

Formation of Genworth and Basis of Presentation	6 Months Ended
	Jun. 30, 2021
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. upon the completion of the reorganization. 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. Unless the context otherwise requires, references to “Genworth Financial,” “Genworth,” the “Company,” “we” or “our” in the accompanying unaudited condensed consolidated financial statements and the notes thereto are to Genworth Financial, Inc. on a consolidated basis. We operate our business through the following three operating segments: • Enact (formerly known as U.S. Mortgage Insurance). • U.S. Life Insurance. • Runoff. In addition to our three 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 international mortgage insurance businesses and discontinued operations. On March 3, 2021, we completed a sale of our entire ownership interest of approximately 52% in Genworth Mortgage Insurance Australia Limited (“Genworth Australia”) through an underwritten agreement. We sold our approximately 214.3 million shares of Genworth Australia for AUD2.28 per share. Our Australian mortgage insurance business, previously the primary business in the Australia 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 13 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 2020 Annual Report on Form 10-K. Certain prior year amounts have been reclassified to conform to the current year presentation. Each reporting period, we assess our ability to continue as a going concern for one year from the date the financial statements are issued. As of June 30, 2021, Genworth Holdings has $823 million of unrestricted cash, cash equivalents and liquid assets. Our evaluation of our ability to meet our financial obligations included the following contractual obligations due within one year from the issue date of our unaudited condensed consolidated financial statements included herein, as well as other conditions and events and their relative significance in relation to our ability to meet our obligations: • As of June 30, 2021, Genworth Holdings had outstanding $513 million of its 7.625% senior notes, excluding the note premium, that was originally scheduled to mature in September 2021. We are currently in compliance with the terms of our debt agreements, and interest payments on our remaining senior notes are forecasted to be approximately $60 million for the next twelve months. In July 2021, Genworth Holdings early redeemed its 7.625% senior notes with a cash payment of approximately $532 million, comprised of the outstanding principal balance, accrued interest and a make-whole premium. See note 8 for additional details on our long-term borrowings. • As part of the settlement agreement reached in July 2020 regarding the case titled AXA S.A. v. Genworth Financial International Holdings, LLC et al., • Genworth Holdings received intercompany cash tax payments from its subsidiaries during the six months ended June 30, 2021 generated primarily from taxable income. Additional intercompany cash tax payments are expected in future periods. • Until the secured promissory note to AXA is paid, annual dividends above $50 million from Enact Holdings, Inc. (“Enact Holdings”), formerly known as Genworth Mortgage Holdings, Inc., our wholly-owned U.S. mortgage insurance subsidiary, are subject to mandatory prepayment conditions. We received net cash proceeds of $370 million from the sale of Genworth Australia in March 2021, of which $247 million was used to prepay a portion of the AXA promissory note, as noted above, including accrued interest. We believe Genworth Holdings’ current unrestricted cash, cash equivalents and liquid assets provide sufficient liquidity to meet our financial obligations and maintain business operations for one year from the date the financial statements are issued, based on relevant conditions and events that are known and reasonably estimable, including current cash and management actions in the normal course. Accordingly, we no longer need to determine whether our plans alleviate doubt about our ability to meet our financial commitments and obligations within the next year. The remaining AXA promissory note, including expected future claims, is estimated to be $344 million and is due in September 2022. In addition, Genworth Holdings has $400 million of senior notes due in both August 2023 and February 2024. To help address these debt obligations beyond the next year and reduce our overall indebtedness, we are actively taking additional steps toward raising capital by preparing for a potential partial sale of Enact Holdings, subject to market conditions, as well as the satisfaction of various conditions and approvals. The impact of the ongoing coronavirus pandemic (“COVID-19”) is very difficult to predict. Its related outcomes and impact on our business and the capital markets, and our ability to raise capital will depend on economic impacts from social, global and political influences as a result of the pandemic, and the shape of the economic recovery, among other factors and uncertainties. While these risks exist, we believe our current liquidity is sufficient to meet our obligations for one year following the issuance of our unaudited condensed consolidated financial statements.

Accounting Changes

Accounting Changes	6 Months Ended
	Jun. 30, 2021
Disclosue of Accounting Changes [Abstract]
Accounting Changes	(2) Accounting Changes Accounting Pronouncements Recently Adopted On January 1, 2021, we adopted new accounting guidance related to simplifying the accounting for income taxes. The guidance eliminates certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. We adopted this new accounting guidance using the retrospective method or modified retrospective method for certain changes and prospective method for all other changes, which did not have a significant impact on our consolidated financial statements and disclosures. 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 at contract inception and all cash flow assumptions used to estimate the liability for future policy benefits (except the discount rate) will be reviewed at least annually in the same period each year or more frequently if actual experience indicates a change is required. Changes will be recorded in net income (loss) using a retrospective approach with a cumulative catch-up adjustment by recalculating the net premium ratio (which will be capped at 100%) using actual historical and updated future cash flow assumptions; • the discount rate used to determine the liability for future policy benefits will be a current upper-medium grade (low credit risk) fixed-income instrument yield, which is generally interpreted to mean a single-A rated bond rate for the same duration, and is required to be reviewed quarterly, with changes in the discount rate recorded in other comprehensive income (loss); • the provision for adverse deviation and the premium deficiency test will be eliminated; • market risk benefits associated with deposit-type contracts will be measured at fair value with changes 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. This guidance is effective for us on January 1, 2023 using the modified retrospective method (with transition adjustments as of January 1, 2021) for all topics except for market risk benefits, which is required to be applied using the retrospective method, with early adoption permitted, which we do not intend to elect. We are currently in process of developing a detailed implementation plan that will allow us to obtain necessary data, modify systems, identify and develop key inputs and establish policies, systems and internal controls that will be necessary to implement this new accounting guidance. Given the nature and extent of the changes to our operations, this guidance is expected to have a significant impact on our consolidated financial statements, and may significantly reduce our equity at transition.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Jun. 30, 2021
Earnings (Loss) Per Share	(3) Earnings (Loss) 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 Six months ended (Amounts in millions, except per share amounts) 2021 2020 2021 2020 Weighted-average shares used in basic earnings per share calculations 507.0 505.4 506.5 504.8 Potentially dilutive securities: Stock options, restricted stock units and stock appreciation rights 8.0 7.1 7.9 — Weighted-average shares used in diluted earnings per share calculations (1) 515.0 512.5 514.4 504.8 Income (loss) from continuing operations: Income (loss) from continuing operations $ 245 $ 55 $ 419 $ (5 ) Less: net income from continuing operations attributable to noncontrolling interests — — — — Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders $ 245 $ 55 $ 419 $ (5 ) Basic per share $ 0.48 $ 0.11 $ 0.83 $ (0.01 ) Diluted per share $ 0.47 $ 0.11 $ 0.82 $ (0.01 ) Income (loss) from discontinued operations: Income (loss) from discontinued operations, net of taxes $ (5 ) $ (473 ) $ 16 $ (485 ) Less: net income from discontinued operations attributable to noncontrolling interests — 23 8 17 Income (loss) from discontinued operations available to Genworth Financial, Inc.’s common stockholders $ (5 ) $ (496 ) $ 8 $ (502 ) Basic per share $ (0.01 ) $ (0.98 ) $ 0.02 $ (0.99 ) Diluted per share $ (0.01 ) $ (0.97 ) $ 0.02 $ (0.99 ) Net income (loss): Income (loss) from continuing operations $ 245 $ 55 $ 419 $ (5 ) Income (loss) from discontinued operations, net of taxes (5 ) (473 ) 16 (485 ) Net income (loss) 240 (418 ) 435 (490 ) Less: net income attributable to noncontrolling interests — 23 8 17 Net income (loss) available to Genworth Financial, Inc.’s common stockholders $ 240 $ (441 ) $ 427 $ (507 ) Basic per share (2) $ 0.47 $ (0.87 ) $ 0.84 $ (1.00 ) Diluted per share (2) $ 0.47 $ (0.86 ) $ 0.83 $ (1.00 ) (1) Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of our loss from continuing operations available to Genworth Financial, Inc.’s common stockholders for the six months ended June 30, 2020, we were required to use basic weighted-average common shares outstanding as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 6.3 million would have been antidilutive to the calculation. If we had not incurred a loss from continuing operations available to Genworth Financial, Inc.’s common stockholders for the six months ended June 30, 2020, dilutive potential weighted-average common shares outstanding would have been 511.1 million. (2) May not total due to whole number calculation.

Investments

Investments	6 Months Ended
	Jun. 30, 2021
Investments	(4) Investments (a) Net Investment Income Sources of net investment income were as follows for the periods indicated: Three months ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Fixed maturity securities—taxable $ 608 $ 594 $ 1,207 $ 1,205 Fixed maturity securities—non-taxable 1 1 3 3 Equity securities 2 2 5 4 Commercial mortgage loans 103 84 181 169 Policy loans 40 49 90 98 Other invested assets 112 66 201 113 Cash, cash equivalents, restricted cash and short-term investments — 4 — 14 Gross investment income before expenses and fees 866 800 1,687 1,606 Expenses and fees (22 ) (21 ) (42 ) (45 ) Net investment income $ 844 $ 779 $ 1,645 $ 1,561 (b) Net Investment Gains (Losses) The following table sets forth net investment gains (losses) for the periods indicated: Three months ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Available-for-sale fixed maturity securities: Realized gains $ 5 $ 103 $ 12 $ 105 Realized losses (4 ) (5 ) (7 ) (5 ) Net realized gains (losses) on available-for-sale fixed maturity securities 1 98 5 100 Net change in allowance for credit losses on available-for-sale fixed maturity securities (4 ) (7 ) (6 ) (7 ) Write-down of available-for-sale fixed maturity securities (1) — — (1 ) — Net realized gains (losses) on equity securities sold (2 ) — (7 ) — Net unrealized gains (losses) on equity securities still held 6 5 (2 ) (7 ) Limited partnerships 65 37 102 (3 ) Commercial mortgage loans (1 ) 1 (2 ) 1 Derivative instruments (2) 4 (36 ) 12 (84 ) Other 1 (5 ) 2 (6 ) Net investment gains (losses) $ 70 $ 93 $ 103 $ (6 ) (1) Represents write-down of securities deemed uncollectible or that we intend to sell or will be required to sell prior to recovery of the amortized cost basis. (2) See note 5 for additional information on the impact of derivative instruments included in net investment gains (losses). See Note 2—Summary of Significant Accounting Policies included in the Notes to Consolidated Financial Statements in our 2020 Annual Report on Form 10-K for a discussion of our policy for evaluating and measuring the allowance for credit losses related to our available-for-sale fixed maturity securities. The following table represents the allowance for credit losses aggregated by security type for available-for-sale fixed maturity investments as of and for the three months ended June 30, 2021:​​​​​​​ (Amounts in millions) Beginning Increase from Increase Securities sold Decrease Write-offs Recoveries Ending Fixed maturity securities: Non-U.S. corporate $ 3 $ — $ 4 $ (7 ) $ — $ — $ — $ — Total available-for-sale fixed maturity securities $ 3 $ — $ 4 $ (7 ) $ — $ — $ — $ — The following table represents the allowance for credit losses aggregated by security type for available-for-sale fixed maturity investments as of and for the three and six months ended June 30, 2020: (Amounts in millions) Beginning Increase from Increase Securities Decrease Write- Recoveries Ending Fixed maturity securities: Non-U.S. corporate $ — $ 4 $ — $ — $ — $ — $ — $ 4 Commercial mortgage-backed — 3 — — — — — 3 Total available-for-sale fixed maturity securities $ — $ 7 $ — $ — $ — $ — $ — $ 7 The following table represents the allowance for credit losses aggregated by security type for available-for-sale fixed maturity investments as of and for the six months ended June 30, 2021: (Amounts in millions) Beginning Increase from Increase Securities Decrease Write- Recoveries Ending Fixed maturity securities: Non-U.S. corporate $ 1 $ — $ 6 $ (7 ) $ — $ — $ — $ — Commercial mortgage-backed 3 — — — — (3 ) — — Total available-for-sale fixed maturity securities $ 4 $ — $ 6 $ (7 ) $ — $ (3 ) $ — $ — (c) Unrealized Investment Gains and Losses Net unrealized gains and losses on available-for-sale investment securities reflected as a separate component of accumulated other comprehensive income (loss) were as follows as of the dates indicated: (Amounts in millions) June 30, 2021 December 31, 2020 Net unrealized gains (losses) on fixed maturity securities without an allowance for credit losses (1) $ 8,538 $ 10,159 Net unrealized gains (losses) on fixed maturity securities with an allowance for credit losses (1) — (7 ) Adjustments to DAC, present value of future profits, sales inducements, benefit reserves and policyholder contract balances (6,169 ) (7,302 ) Income taxes, net (504 ) (611 ) Net unrealized investment gains (losses) 1,865 2,239 Less: net unrealized investment gains (losses) attributable to noncontrolling interests — 25 Net unrealized investment gains (losses) attributable to Genworth Financial, Inc. $ 1,865 $ 2,214 (1) Excludes foreign exchange. The change in net unrealized gains (losses) on available-for-sale investment securities reported in accumulated other comprehensive income (loss) was as follows as of and for the periods indicated: As of or for the June 30, (Amounts in millions) 2021 2020 Beginning balance $ 1,919 $ 1,140 Unrealized gains (losses) arising during the period: Unrealized gains (losses) on fixed maturity securities 1,774 3,911 Adjustment to deferred acquisition costs 42 (111 ) Adjustment to present value of future profits 1 5 Adjustment to sales inducements 2 (34 ) Adjustment to benefit reserves (1,887 ) (2,802 ) Provision for income taxes 14 (207 ) Change in unrealized gains (losses) on investment securities (54 ) 762 Reclassification adjustments to net investment (gains) losses, net of taxes of $— — (88 ) Change in net unrealized investment gains (losses) (54 ) 674 Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests — 3 Ending balance $ 1,865 $ 1,811 As of or for the June 30, (Amounts in millions) 2021 2020 Beginning balance $ 2,214 $ 1,456 Unrealized gains (losses) arising during the period: Unrealized gains (losses) on fixed maturity securities (1,609 ) 2,199 Adjustment to deferred acquisition costs (132 ) 57 Adjustment to present value of future profits 2 4 Adjustment to sales inducements 5 2 Adjustment to benefit reserves 1,258 (1,694 ) Provision for income taxes 106 (120 ) Change in unrealized gains (losses) on investment securities (370 ) 448 Reclassification adjustments to net investment (gains) losses, net of taxes of $1 and $25 (4 ) (94 ) Change in net unrealized investment gains (losses) (374 ) 354 Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests (25 ) (1 ) Ending balance $ 1,865 $ 1,811 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 June 30, 2021, the amortized cost or cost, gross unrealized gains (losses), allowance for credit losses and fair value of our fixed maturity securities classified as available-for-sale were as follows: (Amounts in millions) Amortized Gross Gross Allowance Fair value Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 3,350 $ 1,135 $ (1 ) $ — $ 4,484 State and political subdivisions 2,876 496 (1 ) — 3,371 Non-U.S. government 712 94 (4 ) — 802 U.S. corporate: Utilities 4,276 820 (5 ) — 5,091 Energy 2,573 388 (9 ) — 2,952 Finance and insurance 7,895 1,107 (13 ) — 8,989 Consumer—non-cyclical 5,128 1,100 (4 ) — 6,224 Technology and communications 3,244 515 (5 ) — 3,754 Industrial 1,377 196 (1 ) — 1,572 Capital goods 2,424 447 (1 ) — 2,870 Consumer—cyclical 1,758 240 (4 ) — 1,994 Transportation 1,156 253 — — 1,409 Other 394 40 — — 434 Total U.S. corporate 30,225 5,106 (42 ) — 35,289 Non-U.S. corporate: Utilities 873 73 (1 ) — 945 Energy 1,189 210 — — 1,399 Finance and insurance 2,108 298 (6 ) — 2,400 Consumer—non-cyclical 659 87 (1 ) — 745 Technology and communications 1,098 186 — — 1,284 Industrial 1,003 138 (1 ) — 1,140 Capital goods 574 69 (1 ) — 642 Consumer—cyclical 325 29 (1 ) — 353 Transportation 467 74 — — 541 Other 1,105 193 (3 ) — 1,295 Total non-U.S. corporate 9,401 1,357 (14 ) — 10,744 Residential mortgage-backed 1,524 167 — — 1,691 Commercial mortgage-backed 2,538 199 (3 ) — 2,734 Other asset-backed 2,485 50 (1 ) — 2,534 Total available-for-sale fixed maturity securities $ 53,111 $ 8,604 $ (66 ) $ — $ 61,649 As of December 31, 2020, the amortized cost or cost, gross unrealized gains (losses), allowance for credit losses and fair value of our fixed maturity securities classified as available-for-sale were as follows: (Amounts in millions) Amortized Gross Gross Allowance Fair Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 3,401 $ 1,404 $ — $ — $ 4,805 State and political subdivisions 2,622 544 (1 ) — 3,165 Non-U.S. government 728 130 (4 ) — 854 U.S. corporate: Utilities 4,226 970 (2 ) — 5,194 Energy 2,532 367 (16 ) — 2,883 Finance and insurance 7,798 1,306 (2 ) — 9,102 Consumer—non-cyclical 5,115 1,323 (1 ) — 6,437 Technology and communications 3,142 619 — — 3,761 Industrial 1,370 232 — — 1,602 Capital goods 2,456 535 — — 2,991 Consumer—cyclical 1,663 284 — — 1,947 Transportation 1,198 304 (2 ) — 1,500 Other 395 45 — — 440 Total U.S. corporate 29,895 5,985 (23 ) — 35,857 Non-U.S. corporate: Utilities 838 84 — — 922 Energy 1,172 209 (1 ) — 1,380 Finance and insurance 2,130 353 (6 ) (1 ) 2,476 Consumer—non-cyclical 662 112 (1 ) — 773 Technology and communications 1,062 229 — — 1,291 Industrial 969 159 — — 1,128 Capital goods 510 67 (1 ) — 576 Consumer—cyclical 331 41 (1 ) — 371 Transportation 483 88 (1 ) — 570 Other 1,088 236 — — 1,324 Total non-U.S. corporate 9,245 1,578 (11 ) (1 ) 10,811 Residential mortgage-backed 1,698 211 — — 1,909 Commercial mortgage-backed 2,759 231 (13 ) (3 ) 2,974 Other asset-backed 3,069 55 (4 ) — 3,120 Total available-for-sale fixed maturity securities $ 53,417 $ 10,138 $ (56 ) $ (4 ) $ 63,495 The following table presents the gross unrealized losses and fair values of our fixed maturity securities for which an allowance for credit losses has not been recorded, aggregated by investment type and length of time that individual fixed maturity securities have been in a continuous unrealized loss position, as of June 30, 2021: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number of Fair Gross Number of Fair Gross Number of Description of Securities Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 30 $ (1 ) 5 $ — $ — — $ 30 $ (1 ) 5 State and political subdivisions 100 (1 ) 32 — — — 100 (1 ) 32 Non-U.S. government 112 (3 ) 22 18 (1 ) 1 130 (4 ) 23 U.S. corporate 1,482 (37 ) 141 59 (5 ) 8 1,541 (42 ) 149 Non-U.S. corporate 434 (12 ) 51 35 (2 ) 7 469 (14 ) 58 Commercial mortgage-backed 48 (1 ) 6 53 (2 ) 9 101 (3 ) 15 Other asset-backed 280 (1 ) 55 — — — 280 (1 ) 55 Total for fixed maturity securities in an unrealized loss position $ 2,486 $ (56 ) 312 $ 165 $ (10 ) 25 $ 2,651 $ (66 ) 337 % Below cost: <20% Below cost $ 2,479 $ (53 ) 311 $ 160 $ (8 ) 24 $ 2,639 $ (61 ) 335 20%-50% Below cost 7 (3 ) 1 5 (2 ) 1 12 (5 ) 2 Total for fixed maturity securities in an unrealized loss position $ 2,486 $ (56 ) 312 $ 165 $ (10 ) 25 $ 2,651 $ (66 ) 337 Investment grade $ 2,379 $ (50 ) 293 $ 82 $ (4 ) 15 $ 2,461 $ (54 ) 308 Below investment grade 107 (6 ) 19 83 (6 ) 10 190 (12 ) 29 Total for fixed maturity securities in an unrealized loss position $ 2,486 $ (56 ) 312 $ 165 $ (10 ) 25 $ 2,651 $ (66 ) 337 The following table presents the gross unrealized losses and fair values of our corporate securities for which an allowance for credit losses has not been recorded, 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 June 30, 2021: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number of Fair Gross Number of Fair Gross Number of Description of Securities U.S. corporate: Utilities $ 82 $ (5 ) 17 $ — $ — — $ 82 $ (5 ) 17 Energy 88 (4 ) 10 59 (5 ) 8 147 (9 ) 18 Finance and insurance 540 (13 ) 42 — — — 540 (13 ) 42 Consumer—non-cyclical 202 (4 ) 19 — — — 202 (4 ) 19 Technology and communications 219 (5 ) 22 — — — 219 (5 ) 22 Industrial 67 (1 ) 6 — — — 67 (1 ) 6 Capital goods 95 (1 ) 8 — — — 95 (1 ) 8 Consumer—cyclical 189 (4 ) 17 — — — 189 (4 ) 17 Subtotal, U.S. corporate securities 1,482 (37 ) 141 59 (5 ) 8 1,541 (42 ) 149 Non-U.S. corporate: Utilities 42 (1 ) 6 — — — 42 (1 ) 6 Finance and insurance 271 (6 ) 28 — — — 271 (6 ) 28 Consumer—non-cyclical — — — 6 (1 ) 1 6 (1 ) 1 Technology and Industrial 43 (1 ) 4 — — — 43 (1 ) 4 Capital goods — — — 29 (1 ) 6 29 (1 ) 6 Consumer—cyclical 32 (1 ) 8 — — — 32 (1 ) 8 Other 46 (3 ) 5 — — — 46 (3 ) 5 Subtotal, non-U.S. corporate securities 434 (12 ) 51 35 (2 ) 7 469 (14 ) 58 Total for corporate securities in an unrealized loss position $ 1,916 $ (49 ) 192 $ 94 $ (7 ) 15 $ 2,010 $ (56 ) 207 We did not recognize an allowance for credit losses on securities in an unrealized loss position included in the tables above. Based on a qualitative and quantitative review of the issuers of the securities, we believe the decline in fair value is largely due to recent market volatility and is not indicative of credit losses. The issuers continue to make timely principal and interest payments. For all securities in an unrealized loss position without an allowance for credit losses, 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, 2020: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number of Fair Gross Number of Fair Gross Number of Description of Securities Fixed maturity securities: State and political subdivisions $ 28 $ (1 ) 6 $ — $ — — $ 28 $ (1 ) 6 Non-U.S. government 44 (4 ) 5 — — — 44 (4 ) 5 U.S. corporate 345 (20 ) 59 33 (3 ) 4 378 (23 ) 63 Non-U.S. corporate 145 (4 ) 32 6 (1 ) 1 151 (5 ) 33 Commercial mortgage-backed 227 (11 ) 34 1 (1 ) 1 228 (12 ) 35 Other asset-backed 238 (2 ) 60 207 (2 ) 48 445 (4 ) 108 Total for fixed maturity securities in an unrealized loss position $ 1,027 $ (42 ) 196 $ 247 $ (7 ) 54 $ 1,274 $ (49 ) 250 % Below cost: <20% Below cost $ 1,017 $ (35 ) 194 $ 246 $ (6 ) 53 $ 1,263 $ (41 ) 247 20%-50% Below cost 10 (7 ) 2 1 (1 ) 1 11 (8 ) 3 Total for fixed maturity securities in an unrealized loss position $ 1,027 $ (42 ) 196 $ 247 $ (7 ) 54 $ 1,274 $ (49 ) 250 Investment grade $ 852 $ (23 ) 163 $ 207 $ (2 ) 48 $ 1,059 $ (25 ) 211 Below investment grade 175 (19 ) 33 40 (5 ) 6 215 (24 ) 39 Total for fixed maturity securities in an unrealized loss position $ 1,027 $ (42 ) 196 $ 247 $ (7 ) 54 $ 1,274 $ (49 ) 250 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, 2020: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number of Fair Gross Number of Fair Gross Number of Description of Securities U.S. corporate: Utilities $ 49 $ (2 ) 9 $ — $ — — $ 49 $ (2 ) 9 Energy 106 (13 ) 19 33 (3 ) 4 139 (16 ) 23 Finance and insurance 128 (2 ) 15 — — — 128 (2 ) 15 Consumer—non-cyclical 16 (1 ) 5 — — — 16 (1 ) 5 Transportation 46 (2 ) 11 — — — 46 (2 ) 11 Subtotal, U.S. corporate securities 345 (20 ) 59 33 (3 ) 4 378 (23 ) 63 Non-U.S. corporate: Energy 66 (1 ) 10 — — — 66 (1 ) 10 Consumer—non-cyclical — — — 6 (1 ) 1 6 (1 ) 1 Capital goods 31 (1 ) 8 — — — 31 (1 ) 8 Consumer—cyclical 15 (1 ) 6 — — — 15 (1 ) 6 Transportation 33 (1 ) 8 — — — 33 (1 ) 8 Subtotal, non-U.S. corporate securities 145 (4 ) 32 6 (1 ) 1 151 (5 ) 33 Total for corporate securities in an unrealized loss position $ 490 $ (24 ) 91 $ 39 $ (4 ) 5 $ 529 $ (28 ) 96 The scheduled maturity distribution of fixed maturity securities as of June 30, 2021 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 $ 1,268 $ 1,291 Due after one year through five years 8,367 9,030 Due after five years through ten years 13,587 15,158 Due after ten years 23,342 29,211 Subtotal 46,564 54,690 Residential mortgage-backed 1,524 1,691 Commercial mortgage-backed 2,538 2,734 Other asset-backed 2,485 2,534 Total $ 53,111 $ 61,649 As of June 30, 2021, securities issued by finance and insurance, consumer—non-cyclical, utilities and technology and communications industry groups represented approximately 25%, 15%, 13% and 11%, respectively, of our domestic and foreign corporate fixed maturity securities portfolio. No other industry group comprised more than 10% of our investment portfolio. As of June 30, 2021, 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: June 30, 2021 December 31, 2020 (Amounts in millions) Carrying % of Carrying % of Property type: Retail $ 2,693 39 % $ 2,442 36 % Industrial 1,558 23 1,638 24 Office 1,531 22 1,567 23 Apartments 573 8 529 8 Mixed use 298 4 286 4 Other 259 4 312 5 Subtotal 6,912 100 % 6,774 100 % Allowance for credit losses (33 ) (31 ) Total $ 6,879 $ 6,743 June 30, 2021 December 31, 2020 (Amounts in millions) Carrying % of Carrying % of Geographic region: South Atlantic $ 1,788 26 % $ 1,711 25 % Pacific 1,456 21 1,510 22 Middle Atlantic 988 14 994 15 Mountain 847 12 781 12 West North Central 466 7 467 7 West South Central 455 7 423 6 East North Central 447 6 441 6 New England 262 4 260 4 East South Central 203 3 187 3 Subtotal 6,912 100 % 6,774 100 % Allowance for credit losses (33 ) (31 ) Total $ 6,879 $ 6,743 As of June 30, 2021 and December 31, 2020, all of our commercial mortgage loans were current. For a discussion of our policy related to placing commercial mortgage loans on non-accrual status, see Note 2—Summary of Significant Accounting Policies included in the Notes to Consolidated Financial Statements in our 2020 Annual Report on Form 10-K. As of June 30, 2021 and December 31, 2020, we had no commercial mortgage loans on non-accrual status. During the six months ended June 30, 2021 and the year ended December 31, 2020, we did not have any modifications or extensions that were considered troubled debt restructurings. The following table sets forth the allowance for credit losses related to commercial mortgage loans as of or for the periods indicated: Three months ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Allowance for credit losses: Beginning balance $ 32 $ 29 $ 31 $ 13 Cumulative effect of change in accounting — — — 16 Provision 1 (1 ) 2 (1 ) Write-offs — — — — Recoveries — — — — Ending balance $ 33 $ 28 $ 33 $ 28 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 debt-to-value and debt service coverage ratio to understand both the probability of the borrower not being able to make the necessary loan payments as well as the ability to sell the underlying property for an amount that would enable us to recover our unpaid principal balance in the event of default by the borrower. The average debt-to-value ratio is based on our most recent estimate of the fair value for the underlying property which is evaluated at least annually and updated more frequently if necessary to better indicate risk associated with the loan. A lower debt-to-value indicates that our loan value is more likely to be recovered in the event of default by the borrower if the property was sold. The debt service coverage ratio is based on “normalized” annual income of the property compared to the payments required under the terms of the loan. Normalization allows for the removal of annual one-time events such as capital expenditures, prepaid or late real estate tax payments or non-recurring third-party fees (such as legal, consulting or contract fees). This ratio is evaluated at least annually and updated more frequently if necessary to better indicate risk associated with the loan. A higher debt service coverage ratio indicates the borrower is less likely to default on the loan. The debt service coverage ratio is not used without considering other factors associated with the borrower, such as the borrower’s liquidity or access to other resources that may result in our expectation that the borrower will continue to make the future scheduled payments. The following tables set forth commercial mortgage loans by year of origination and credit quality indicator as of June 30, 2021: (Amounts in millions) 2021 2020 2019 2018 2017 2016 and Total Debt-to-value: 0% - 50% $ 7 $ 59 $ 25 $ 102 $ 157 $ 2,151 $ 2,501 51% - 60% 19 51 88 344 236 810 1,548 61% - 75% 503 426 649 504 273 508 2,863 76% - 100% — — — — — — — Greater than 100% — — — — — — — Total amortized cost $ 529 $ 536 $ 762 $ 950 $ 666 $ 3,469 $ 6,912 Debt service coverage ratio: Less than 1.00 $ — $ — $ 8 $ 27 $ 12 $ 131 $ 178 1.00 - 1.25 3 52 67 53 42 283 500 1.26 - 1.50 91 81 230 200 57 383 1,042 1.51 - 2.00 385 281 289 441 302 1,153 2,851 Greater than 2.00 50 122 168 229 253 1,519 2,341 Total amortized cost $ 529 $ 536 $ 762 $ 950 $ 666 $ 3,469 $ 6,912 The following tables set forth the debt-to-value of commercial mortgage loans by property type as of the dates indicated: June 30, 2021 (Amounts in millions) 0% - 50% 51% - 60% 61% - 75% 76% - 100% Greater Total Property type: Retail $ 920 $ 605 $ 1,168 $ — $ — $ 2,693 Industrial 716 324 518 — — 1,558 Office 468 452 611 — — 1,531 Apartments 225 77 271 — — 573 Mixed use 112 33 153 — — 298 Other 60 57 142 — — 259 Total amortized cost $ 2,501 $ 1,548 $ 2,863 $ — $ — $ 6,912 % of total 36 % 22 % 42 % — % — % 100 % Weighted-average debt service coverage ratio 2.39 1.84 1.62 — — 1.96 December 31, 2020 (Amounts in millions) 0% - 50% 51% - 60% 61% - 75% 76% - 100% Greater Total Property type: Retail $ 913 $ 639 $ 859 $ 29 $ 2 $ 2,442 Industrial 798 351 456 33 — 1,638 Office 523 431 595 18 — 1,567 Apartments 199 86 238 6 — 529 Mixed use 112 47 127 — — 286 Other 100 74 121 17 — 312 Total amortized cost $ 2,645 $ 1,628 $ 2,396 $ 103 $ 2 $ 6,774 % of total 39 % 24 % 35 % 2 % — % 100 % Weighted-average debt service coverage ratio 2.40 1.83 1.61 1.49 0.64 1.97 The following tables set forth the debt service coverage ratio for fixed rate commercial mortgage loans by property type as of the dates indicated: June 30, 2021 (Amounts in millions) Less than 1.00 1.00 - 1.25 1.26 - 1.50 1.51 - 2.00 Greater Total Property type: Retail $ 51 $ 163 $ 529 $ 1,190 $ 760 $ 2,693 Industrial 20 78 136 597 727 1,558 Office 70 90 169 658 544 1,531 Apartments 8 22 126 250 167 573 Mixed use 5 23 45 128 97 298 Other 24 124 37 28 46 259 Total amortized cost $ 178 $ 500 $ 1,042 $ 2,851 $ 2,341 $ 6,912 % of total 3 % 7 % 15 % 41 % 34 % 100 % Weighted-average debt-to-value 58 % 61 % 62 % 59 % 44 % 54 % December 31, 2020 (Amounts in millions) Less than 1.00 1.00 - 1.25 1.26 - 1.50 1.51 - 2.00 Greater Total Property type: Retail $ 55 $ 169 $ 483 $ 969 $ 766 $ 2,442 Industrial 21 85 143 616 773 1,638 Office 101 99 170 634 563 1,567 Apartments 9 24 126 228 142 529 Mixed use 5 24 29 115 113 286 Other 25 125 41 28 93 312 Total amortized cost $ 216 $ 526 $ 992 $ 2,590 $ 2,450 $ 6,774 % of total 3 % 8 % 15 % 38 % 36 % 100 % Weighted-average debt-to-value 57 % 62 % 62 % 57 % 44 % 53 % (f) 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 month lag. However, for limited partnerships measured at fair value, we consider whether an adjustment to the estimated fair value is necessary when the measurement date is not aligned with our reporting date. 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 member equity investments in a widely held fund that is sponsored and managed by a reputable asset manager. We are not the primary beneficiary of any VIE investment in a limited partnership or similar entity. As of June 30, 2021 and December 31, 2020, the total carrying value of these investments was $1,306 million and $1,018 million, respectively. Our maximum exposure to loss is equal to the outstanding carrying value and future funding commitments. We have not contributed, and do not plan to contribute, any additional financial or other support outside of what is contractually obligated.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2021
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 Balance sheet Fair value Balance sheet Fair value (Amounts in millions) June 30, December 31, June 30, December 31, Derivatives designated as hedges Cash flow hedges: Interest rate swaps Other invested assets $ 280 $ 468 Other liabilities $ 53 $ 23 Foreign currency swaps Other invested assets 2 1 Other liabilities 2 2 Total cash flow hedges 282 469 55 25 Total derivatives designated as hedges 282 469 55 25 Derivatives not designated as hedges Equity index options Other invested assets 47 63 Other liabilities — — Financial futures Other invested assets — — Other liabilities — — Other foreign currency contracts Other invested assets 24 42 Other liabilities — 1 GMWB embedded derivatives Reinsurance recoverable (1) 18 26 Policyholder account balances (2) 275 379 Fixed index annuity embedded derivatives Other assets — — Policyholder account balances (3) 339 399 Indexed universal life embedded derivatives Reinsurance recoverable — — Policyholder account balances (4) 24 26 Total derivatives not designated as hedges 89 131 638 805 Total derivatives $ 371 $ 600 $ 693 $ 830 (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/ June 30, Derivatives designated as hedges Cash flow hedges: Interest rate swaps Notional $ 8,178 $ — $ (405 ) $ 7,773 Foreign currency swaps Notional 127 — — 127 Total cash flow hedges 8,305 — (405 ) 7,900 Total derivatives designated as hedges 8,305 — (405 ) 7,900 Derivatives not designated as hedges Interest rate swaps Notional 4,674 — (4,674 ) — Equity index options Notional 2,000 614 (803 ) 1,811 Financial futures Notional 1,104 1,972 (2,116 ) 960 Other foreign currency contracts Notional 1,186 22 (536 ) 672 Total derivatives not designated as hedges 8,964 2,608 (8,129 ) 3,443 Total derivatives $ 17,269 $ 2,608 $ (8,534 ) $ 11,343 (Number of policies) Measurement December 31, Additions Maturities/ June 30, Derivatives not designated as hedges GMWB embedded derivatives Policies 23,713 — (982 ) 22,731 Fixed index annuity embedded derivatives Policies 12,778 — (1,944 ) 10,834 Indexed universal life embedded derivatives Policies 842 — (22 ) 820 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 other comprehensive income (loss) (“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 income (loss) effects of cash flow hedges for the three months ended June 30, 2021: (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ 314 $ 52 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging liabilities (8 ) — Interest expense — Net investment gains (losses) Foreign currency swaps 3 — Net investment income — Net investment gains (losses) Total $ 309 $ 52 $ — The following table provides information about the pre-tax income (loss) effects of cash flow hedges for the three months ended June 30, 2020: (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ (57 ) $ 46 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging liabilities 1 — Interest expense — Net investment gains (losses) Foreign currency swaps (4 ) — Net investment income — Net investment gains (losses) Total $ (60 ) $ 46 $ — The following table provides information about the pre-tax income (loss) effects of cash flow hedges for the six months ended June 30, 2021: (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ (215 ) $ 104 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging liabilities 36 — Interest expense — Net investment gains (losses) Foreign currency swaps 1 — Net investment income — Net investment gains (losses) Total $ (178 ) $ 104 $ — The following table provides information about the pre-tax income (loss) effects of cash flow hedges for the six months ended June 30, 2020: (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ 984 $ 89 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 (62 ) — Interest expense — Net investment gains (losses) Foreign currency swaps 13 — Net investment income — Net investment gains (losses) Total $ 935 $ 93 $ — 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) 2021 2020 Derivatives qualifying as effective accounting hedges as of April 1 $ 1,792 $ 2,755 Current period increases (decreases) in fair value, net of deferred taxes of $(64) and $12 245 (48 ) Reclassification to net (income) loss, net of deferred taxes of $18 and $16 (34 ) (30 ) Derivatives qualifying as effective accounting hedges as of June 30 $ 2,003 $ 2,677 Six months ended (Amounts in millions) 2021 2020 Derivatives qualifying as effective accounting hedges as of January 1 $ 2,211 $ 2,002 Current period increases (decreases) in fair value, net of deferred taxes of $38 and $(200) (140 ) 735 Reclassification to net (income) loss, net of deferred taxes of $36 and $33 (68 ) (60 ) Derivatives qualifying as effective accounting hedges as of June 30 $ 2,003 $ 2,677 The total of derivatives designated as cash flow hedges of $2,003 million, net of taxes, recorded in stockholders’ equity as of June 30, 2021 is expected to be reclassified to net income (loss) 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, $138 million, net of taxes, is expected to be reclassified to net income (loss) 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 six months ended June 30, 2021 and 2020, we reclassified $4 million and $1 million, respectively, to net income (loss) 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 derivative instruments such as: (i) interest rate swaps and financial futures to mitigate interest rate risk as part of managing regulatory capital positions; (ii) equity index options, equity return swaps, interest rate swaps and financial futures to mitigate the risks associated with liabilities that have guaranteed minimum benefits, fixed index annuities and indexed universal life; and (iii) foreign currency options and forward contracts to mitigate currency risk associated with future dividends, cash payments to AXA under a promissory note reported as discontinued operations and/or other cash flows from certain foreign subsidiaries to our holding company. Additionally, we provide GMWBs on certain variable annuities that are required to be bifurcated as embedded derivatives. We also offer fixed index annuity and indexed universal life insurance products and have reinsurance agreements with certain features that are required to be bifurcated as embedded derivatives. The following table provides the pre-tax gain (loss) recognized in net income (loss) for the effects of derivatives not designated as hedges for the periods indicated: Three months ended June 30, Classification of gain (loss) in net income (loss) (Amounts in millions) 2021 2020 Interest rate swaps $ (1 ) $ (2 ) Net investment gains (losses) Equity index options 6 4 Net investment gains (losses) Financial futures 8 (123 ) Net investment gains (losses) Other foreign currency contracts — (2 ) Net investment gains (losses) GMWB embedded derivatives 2 129 Net investment gains (losses) Fixed index annuity embedded derivatives (14 ) (45 ) Net investment gains (losses) Indexed universal life embedded derivatives 3 3 Net investment gains (losses) Total derivatives not designated as hedges $ 4 $ (36 ) Six months ended June 30, Classification of gain (loss) in net income (loss) (Amounts in millions) 2021 2020 Interest rate swaps $ 3 $ (12 ) Net investment gains (losses) Equity index options 9 (9 ) Net investment gains (losses) Financial futures (102 ) 138 Net investment gains (losses) Other foreign currency contracts — 8 Net investment gains (losses) GMWB embedded derivatives 107 (207 ) Net investment gains (losses) Fixed index annuity embedded derivatives (18 ) (13 ) Net investment gains (losses) Indexed universal life embedded derivatives 13 7 Net investment gains (losses) Total derivatives not designated as hedges $ 12 $ (88 ) 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:​​​​​​​ June 30, 2021 December 31, 2020 (Amounts in millions) Derivative (1) Derivative (1) Net Derivative (1) Derivative (1) Net Amounts presented in the balance sheet: Gross amounts recognized $ 353 $ 55 $ 298 $ 574 $ 26 $ 548 Gross amounts offset in the balance sheet — — — — — — Net amounts presented in the balance sheet 353 55 298 574 26 548 Gross amounts not offset in the balance sheet: Financial instruments (2) (42 ) (42 ) — (20 ) (20 ) — Collateral received (238 ) — (238 ) (401 ) — (401 ) Collateral pledged — (625 ) 625 — (505 ) 505 Over collateralization 3 612 (609 ) 2 499 (497 ) Net amount $ 76 $ — $ 76 $ 155 $ — $ 155 (1) Does not include amounts related to embedded derivatives as of June 30, 2021 and December 31, 2020. (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	6 Months Ended
	Jun. 30, 2021
Fair Value of Financial Instruments	(6) Fair Value of Financial Instruments Recurring Fair Value Measurements We have fixed maturity securities, 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. Fixed maturity, short-term investments and equity securities The fair value of fixed maturity securities, 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, that security is valued using market information for similar securities, which is also a market approach. When market information is not available for a specific security (or similar securities) 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. Further, 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. In general, we first obtain valuations from pricing services. If prices are unavailable for public securities, 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 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 similar securities are not readily observable and these securities are not typically valued by pricing services. Given our understanding of the pricing methodologies and procedures of pricing services, the securities valued by pricing services are typically classified as Level 2 unless we determine the valuation process for a security or group of securities utilizes significant unobservable inputs, which would result in the valuation being classified as Level 3. 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 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. 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, a significant increase (decrease) in credit spreads would have resulted in a significant decrease (increase) in the fair value for our fixed maturity securities as of June 30, 2021. For remaining securities priced using internal models, we determine fair value using an income approach. 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. 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 pricing services to determine whether our estimated values incorporate significant unobservable inputs that would result in the valuation being classified as Level 3. A summary of the inputs used for our fixed maturity securities, 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. 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 pricing services for certain fair value measurements of fixed maturity securities that are classified as Level 2 as of June 30, 2021: (Amounts in millions) Fair value Primary methodologies Significant inputs U.S. government, agencies andgovernment-sponsored enterprises $ 4,484 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 $ 3,296 Multi-dimensional attribute-based modeling systems, third-party pricing vendors Trade prices, material event notices, Municipal Market Data benchmark yields, broker quotes Non-U.S. government $ 802 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 $ 31,509 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. corporate $ 8,510 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 $ 1,678 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 $ 2,714 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 $ 2,446 Multi-dimensional attribute-based modeling systems, spread matrix priced to swap curves, price quotes from market makers Spreads to daily updated swap curves, spreads derived from trade prices and broker quotes, bid side prices, new issue data, collateral performance, analysis of prepayment speeds, cash flows, collateral loss analytics, historical issue analysis, trade data from market makers, TRACE reports • Internal models: Equity securities. Securities lending collateral The fair value of securities held as collateral is primarily based on Level 2 inputs from market information for the collateral that is held on our behalf by the custodian. We determine fair value after considering prices obtained by pricing services. Short-term investments The fair value of short-term investments classified as Level 2 is determined after considering prices obtained by pricing services. Level 3 measurements Fixed maturity securities • Broker quotes: • Internal models: Equity securities. Net asset value 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”) from the underlying fund statements as a practical expedient for fair value. Derivatives We consider counterparty collateral arrangements and rights of set-off when evaluating our net credit risk exposure to our derivative counterparties. Accordingly, we are permitted to include consideration of these arrangements when determining whether any incremental adjustment should be made for both the counterparty’s and our non-performance risk in measuring fair value for our derivative instruments. As a result of these counterparty arrangements, we determined that any adjustment for credit risk would not be material and we have not recorded any incremental adjustment for our non-performance risk or the non-performance risk of the derivative counterparty for our derivative assets or liabilities. Interest rate swaps. Foreign currency swaps. Equity index options. Financial futures. Other foreign currency contracts. optionality in the derivative, which are generally considered observable inputs and results in the derivative being classified as Level 2. We also have foreign currency forward contracts where the valuation is determined using an income approach. The primary inputs into the valuation represent the forward foreign currency exchange rates, which are generally considered observable inputs and results in the derivative being classified as Level 2. 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. We determine fair value using an internal model based on the various inputs noted above. Non-performance risk is integrated into the discount rate used to value GMWB liabilities. Our discount rate used to determine fair value of our GMWB liabilities includes market credit spreads above U.S. Treasury rates to reflect an adjustment for the non-performance risk of the GMWB liabilities. As of June 30, 2021 and December 31, 2020, the impact of non-performance risk resulted in a lower fair value of our GMWB liabilities of $52 million and $66 million, respectively. We classify the GMWB valuation as Level 3 based on having significant unobservable inputs, with equity index volatility and non-performance risk being considered the more significant unobservable inputs. As equity index volatility increases, the fair value of the GMWB liabilities will increase. Any increase in non-performance risk would increase the discount rate and would decrease the fair value of the GMWB liability. Additionally, we consider lapse and utilization assumptions to be significant unobservable inputs. An increase in our lapse assumption would decrease the fair value of the GMWB liability, whereas an increase in our utilization rate would increase the fair value. As of June 30, 2021, a significant change in the unobservable inputs discussed above would have resulted in a significantly lower or higher fair value measurement. Fixed index annuity embedded derivatives We have fixed indexed annuity products where interest is credited to the policyholder’s account balance based on equity index changes. This feature is required to be bifurcated as an embedded derivative and recorded at fair value. Fair value is determined using an income approach where the present value of the excess cash flows above the guaranteed cash flows is used to determine the value attributed to the equity index feature. The inputs used in determining the fair value include policyholder behavior (lapses and withdrawals), near-term equity index volatility, expected future interest credited, forward interest rates and an adjustment to the discount rate to incorporate non-performance risk and risk margins. As a result of our assumptions for policyholder behavior and expected future interest credited being considered significant unobservable inputs, we classify these instruments as Level 3. As lapses and withdrawals increase, the value of our embedded derivative liability will decrease. As expected future interest credited decreases, the value of our embedded derivative liability will decrease. As of June 30, 2021, a significant change in the unobservable inputs discussed above would have resulted in a significantly lower or higher fair value measurement. Indexed universal life embedded derivatives We have indexed universal life insurance products where interest is credited to the policyholder’s account balance based on equity index changes. This feature is required to be bifurcated as an embedded derivative and recorded at fair value. Fair value is determined using an income approach where the present value of the excess cash flows above the guaranteed cash flows is used to determine the value attributed to the equity index feature. The inputs used in determining the fair value include policyholder behavior (lapses and withdrawals), near-term equity index volatility, expected future interest credited, forward interest rates and an adjustment to the discount rate to incorporate non-performance risk and risk margins. As a result of our assumptions for policyholder behavior and expected future interest credited being considered significant unobservable inputs, we classify these instruments as Level 3. As lapses and withdrawals increase, the value of our embedded derivative liability will decrease. As expected future interest credited decreases, the value of our embedded derivative liability will decrease. As of June 30, 2021, a significant change in the unobservable inputs discussed above would have resulted in a significantly lower or higher fair value measurement. The following tables set forth our assets by class of instrument that are measured at fair value on a recurring basis as of the date s June 30, 2021 (Amounts in millions) Total Level 1 Level 2 Level 3 NAV (1) Assets Investments: Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 4,484 $ — $ 4,484 $ — $ — State and political subdivisions 3,371 — 3,296 75 — Non-U.S. government 802 — 802 — — U.S. corporate: Utilities 5,091 — 4,249 842 — Energy 2,952 — 2,875 77 — Finance and insurance 8,989 — 8,328 661 — Consumer—non-cyclical 6,224 — 6,115 109 — Technology and communications 3,754 — 3,724 30 — Industrial 1,572 — 1,552 20 — Capital goods 2,870 — 2,811 59 — Consumer—cyclical 1,994 — 1,855 139 — Transportation 1,409 — 1,342 67 — Other 434 — 236 198 — Total U.S. corporate 35,289 — 33,087 2,202 — Non-U.S. corporate: Utilities 945 — 597 348 — Energy 1,399 — 1,247 152 — Finance and insurance 2,400 — 2,198 202 — Consumer—non-cyclical 745 — 671 74 — Technology and communications 1,284 — 1,256 28 — Industrial 1,140 — 1,046 94 — Capital goods 642 — 461 181 — Consumer—cyclical 353 — 206 147 — Transportation 541 — 458 83 — Other 1,295 — 1,242 53 — Total non-U.S. corporate 10,744 — 9,382 1,362 — Residential mortgage-backed 1,691 — 1,678 13 — Commercial mortgage-backed 2,734 — 2,714 20 — Other asset-backed 2,534 — 2,446 88 — Total fixed maturity securities 61,649 — 57,889 3,760 — Equity securities 147 48 61 38 — Other invested assets: Derivative assets: Interest rate swaps 280 — 280 — — Foreign currency swaps 2 — 2 — — Equity index options 47 — — 47 — Other foreign currency contracts 24 — 24 — — Total derivative assets 353 — 306 47 — Securities lending collateral 105 — 105 — — Short-term investments 121 — 121 — — Limited partnerships 1,070 — — — 1,070 Total other invested assets 1,649 — 532 47 1,070 Reinsurance recoverable (2) 18 — — 18 — Separate account assets 6,202 6,202 — — — Total assets $ 69,665 $ 6,250 $ 58,482 $ 3,863 $ 1,070 (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. December 31, 2020 (Amounts in millions) Total Level 1 Level 2 Level 3 NAV (1) Assets Investments: Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 4,805 $ — $ 4,805 $ — $ — State and political subdivisions 3,165 — 3,099 66 — Non-U.S. government 854 — 854 — — U.S. corporate: Utilities 5,194 — 4,352 842 — Energy 2,883 — 2,755 128 — Finance and insurance 9,102 — 8,495 607 — Consumer—non-cyclical 6,437 — 6,328 109 — Technology and communications 3,761 — 3,714 47 — Industrial 1,602 — 1,562 40 — Capital goods 2,991 — 2,931 60 — Consumer—cyclical 1,947 — 1,797 150 — Transportation 1,500 — 1,430 70 — Other 440 — 221 219 — Total U.S. corporate 35,857 — 33,585 2,272 — Non-U.S. corporate: Utilities 922 — 570 352 — Energy 1,380 — 1,135 245 — Finance and insurance 2,476 — 2,171 305 — Consumer—non-cyclical 773 — 706 67 — Technology and communications 1,291 — 1,263 28 — Industrial 1,128 — 1,033 95 — Capital goods 576 — 398 178 — Consumer—cyclical 371 — 225 146 — Transportation 570 — 461 109 — Other 1,324 — 1,241 83 — Total non-U.S. corporate 10,811 — 9,203 1,608 — Residential mortgage-backed 1,909 — 1,895 14 — Commercial mortgage-backed 2,974 — 2,954 20 — Other asset-backed 3,120 — 3,011 109 — Total fixed maturity securities 63,495 — 59,406 4,089 — Equity securities 386 276 59 51 — Other invested assets: Derivative assets: Interest rate swaps 468 — 468 — — Foreign currency swaps 1 — 1 — — Equity index options 63 — — 63 — Other foreign currency contracts 42 — 42 — — Total derivative assets 574 — 511 63 — Securities lending collateral 67 — 67 — — Short-term investments 45 25 20 — — Limited partnerships 835 — — — 835 Total other invested assets 1,521 25 598 63 835 Reinsurance recoverable (2) 26 — — 26 — Separate account assets 6,081 6,081 — — — Total assets $ 71,509 $ 6,382 $ 60,063 $ 4,229 $ 835 (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. The following tables present additional information about assets measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value as of or for the dates indicated: (Amounts in millions) Beginning as of Total realized and Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Ending as of Total gains Included Included Included Included Fixed maturity securities: State and political subdivisions $ 68 $ 1 $ 6 $ — $ — $ — $ — $ — $ — $ 75 $ 1 $ 6 U.S. corporate: Utilities 793 — 23 8 — — (1 ) 19 — 842 — 23 Energy 122 — 8 — — — (1 ) — (52 ) 77 — 4 Finance and insurance 597 — 17 55 — — (8 ) — — 661 — 17 Consumer—non-cyclical 106 — 2 — — — (2 ) 3 — 109 — 1 Technology and communications 40 — 2 — — — — — (12 ) 30 — 1 Industrial 20 — — — — — — — — 20 — — Capital goods 58 — 1 — — — — — — 59 — 1 Consumer—cyclical 147 — 1 — — — (1 ) — (8 ) 139 — 1 Transportation 67 — 1 — — — (1 ) — — 67 — 1 Other 200 — — — — — (2 ) — — 198 — 1 Total U.S. corporate 2,150 — 55 63 — — (16 ) 22 (72 ) 2,202 — 50 Non-U.S. corporate: Utilities 375 — 5 — — — (8 ) — (24 ) 348 — 4 Energy 243 — 10 — — — (22 ) — (79 ) 152 — 5 Finance and insurance 290 — 17 — (2 ) — (52 ) — (51 ) 202 1 5 Consumer—non-cyclical 66 — — 8 — — — — — 74 — — Technology and communications 28 — — — — — — — — 28 — — Industrial 93 — 1 — — — — — — 94 — 1 Capital goods 175 — 1 5 — — — — — 181 — 2 Consumer—cyclical 144 — 2 1 — — — — — 147 — 2 Transportation 82 — 1 — — — — — — 83 — 2 Other 80 — 1 — — — (13 ) — (15 ) 53 — 1 Total non-U.S. corporate 1,576 — 38 14 (2 ) — (95 ) — (169 ) 1,362 1 22 Residential mortgage-backed 13 — 1 — — — (1 ) — — 13 — — Commercial mortgage-backed 19 — — 1 — — — — — 20 — 1 Other asset-backed 96 — 1 — — — (5 ) — (4 ) 88 — 1 Total fixed maturity securities 3,922 1 101 78 (2 ) — (117 ) 22 (245 ) 3,760 2 80 Equity securities 43 — — — — — (5 ) — — 38 — — Other invested assets: Derivative assets: Equity index options 53 6 — 5 — — (17 ) — — 47 2 — Total derivative assets 53 6 — 5 — — (17 ) — — 47 2 — Total other invested assets 53 6 — 5 — — (17 ) — — 47 2 — Reinsurance recoverable (2) 18 (1 ) — — — 1 — — — 18 (1 ) — Total Level 3 assets $ 4,036 $ 6 $ 101 $ 83 $ (2 ) $ 1 $ (139 ) $ 22 $ (245 ) $ 3,863 $ 3 $ 80 (1) The transfers into and out of Level 3 for fixed maturity securities were related to changes in the primary pricing source and changes in the observability of external information used in determining the fair value, such as external ratings or credit spreads, as well as changes in the industry sectors assigned to specific securities. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities. (Amounts in millions) Beginning Total realized and Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Ending Total gains (losses) Included Included Included Included Fixed maturity securities: State and political subdivisions $ 83 $ — $ 7 $ — $ — $ — $ — $ — $ (27 ) $ 63 $ 1 $ 6 Non-U.S. government 1 — — — — — (1 ) — — — — — U.S. corporate: Utilities 843 — 37 32 — — (2 ) 26 — 936 — 37 Energy 124 1 13 — — — (2 ) — (13 ) 123 — 9 Finance and insurance 510 — 33 21 — — (12 ) — (1 ) 551 — 33 Consumer—non-cyclical 88 — 8 8 — — (1 ) — — 103 — 8 Technology and communications 61 — 5 — — — — — — 66 — 5 Industrial 37 — 2 — — — — — — 39 — 2 Capital goods 90 — 7 — — — — — — 97 — 7 Consumer—cyclical 179 — 11 — — — (1 ) 9 — 198 — 11 Transportation 43 — 2 — — — (1 ) 10 — 54 — 2 Other 138 — 2 — — — (2 ) 27 — 165 — 2 Total U.S. corporate 2,113 1 120 61 — — (21 ) 72 (14 ) 2,332 — 116 Non-U.S. corporate: Utilities 355 — 23 1 — — — — (22 ) 357 — 23 Energy 236 — 22 — — — (26 ) 5 — 237 — 22 Finance and insurance 223 1 50 — — — — 37 — 311 1 49 Consumer—non-cyclical 58 — 5 — — — — — (9 ) 54 — 4 Technology and communications 27 — 1 — — — — — — 28 — 1 Industrial 92 — 8 — — — — — (8 ) 92 — 7 Capital goods 135 — 9 — — — — 29 — 173 — 9 Consumer—cyclical 164 — 12 — — — (3 ) — (17 ) 156 — 11 Transportation 108 — 11 — — — — 22 — 141 — 11 Other 131 — 9 5 — — — — — 145 — 9 Total non-U.S. corporate 1,529 1 150 6 — — (29 ) 93 (56 ) 1,694 1 146 Residential mortgage-backed 24 — 1 — — — (1 ) 3 (3 ) 24 — — Commercial mortgage-backed — — 1 — — — — 20 — 21 — 1 Other asset-backed 87 — 2 2 — — (1 ) — — 90 — 3 Total fixed maturity securities 3,837 2 281 69 — — (53 ) 188 (100 ) 4,224 2 272 Equity securities 50 — — 6 (3 ) — — — — 53 — — Other invested assets: Derivative assets: Equity index options 62 4 — 7 — — (7 ) — — 66 8 — Total derivative assets 62 4 — 7 — — (7 ) — — 66 8 — Total other invested assets 62 4 — 7 — — (7 ) — — 66 8 — Reinsurance recoverable (2) 47 (9 ) — — — — — — — 38 (9 ) — Total Level 3 assets $ 3,996 $ (3 ) $ 281 $ 82 $ (3 ) $ — $ (60 ) $ 188 $ (100 ) $ 4,381 $ 1 $ 272 (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 fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value as of or for the dates indicated: (Amounts in millions) Beginning Total realized Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Ending Total gains (losses) Included Included Included Included Fixed maturity securities: State and political subdivisions $ 66 $ 2 $ 7 $ — $ — $ — $ — $ — $ — $ 75 $ 2 $ 7 U.S. corporate: Utilities 842 — (7 ) 16 — — (14 ) 19 (14 ) 842 — (6 ) Energy 128 — 4 — — — (3 ) — (52 ) 77 — — Finance and insurance 607 — (5 ) 73 — — (25 ) 17 (6 ) 661 — (5 ) Consumer—non-cyclical 109 — (1 ) — — — (2 ) 3 — 109 — (2 ) Technology and communications 47 — — 12 — — — 4 (33 ) 30 — (1 ) Industrial 40 — — — — — (20 ) — — 20 — — Capital goods 60 — (1 ) — — — — — — 59 — (1 ) Consumer—cyclical 150 — (1 ) — — — (2 ) — (8 ) 139 — (1 ) Transportation 70 — — — — — (3 ) — — 67 — — Other 219 — (2 ) — — — (5 ) 6 (20 ) 198 — — Total U.S. corporate 2,272 — (13 ) 101 — — (74 ) 49 (133 ) 2,202 — (16 ) Non-U.S. corporate: Utilities 352 — (2 ) 30 — — (8 ) — (24 ) 348 — (3 ) Energy 245 — 8 — — — (22 ) — (79 ) 152 — 3 Finance and insurance 305 1 1 — (2 ) — (52 ) — (51 ) 202 2 (11 ) Consumer—non-cyclical 67 — (1 ) 8 — — — — — 74 — (1 ) Technology and communications 28 — — — — — — — — 28 — — Industrial 95 — (1 ) — — — — — — 94 — (1 ) Capital goods 178 — (2 ) 5 — — — — — 181 — (1 ) Consumer—cyclical 146 — — 17 — — — — (16 ) 147 — — Transportation 109 — — — — — (19 ) — (7 ) 83 — 1 Other 83 — (1 ) — — — (14 ) — (15 ) 53 — (1 ) Total non-U.S. corporate 1,608 1 2 60 (2 ) — (115 ) — (192 ) 1,362 2 (14 ) Residential mortgage-backed 14 — — — — — (1 ) — — 13 — — Commercial mortgage-backed 20 — (1 ) 1 — — — — — 20 — (1 ) Other asset-backed 109 — 1 3 — — (9 ) 2 (18 ) 88 — 1 Total fixed maturity securities 4,089 3 (4 ) 165 (2 ) — (199 ) 51 (343 ) 3,760 4 (23 ) Equity securities 51 — — — (8 ) — (5 ) — — 38 — — Other invested assets: Derivative assets: Equity index options 63 9 — 10 — — (35 ) — — 47 4 — Total derivative assets 63 9 — 10 — — (35 ) — — 47 4 — Total other invested assets 63 9 — 10 — — (35 ) — — 47 4 — Reinsurance recoverable (2) 26 (9 ) — — — 1 — — — 18 (9 ) — Total Level 3 assets $ 4,229 $ 3 $ (4 ) $ 175 $ (10 ) $ 1 $ (239 ) $ 51 $ (343 ) $ 3,863 $ (1 ) $ (23 ) (1) The transfers into and out of Level 3 for fixed maturity securities were related to changes in the primary pricing source and changes in the observability of external information used in determining the fair value, such as external ratings or credit spreads, as well as changes in the industry sectors assigned to specific securities. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities. (Amounts in millions) Beginning Total realized Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Ending Total gains (losses) Included Included Included Included Fixed maturity securities: State and political subdivisions $ 102 $ 1 $ (12 ) $ — $ — $ — $ (1 ) $ — $ (27 ) $ 63 $ 2 $ (13 ) Non-U.S. government — — — — — — (1 ) 1 — — — — U.S. corporate: Utilities 865 — 12 32 — — (2 ) 42 (13 ) 936 — 14 Energy 129 1 (2 ) 10 (21 ) — (3 ) 22 (13 ) 123 — (5 ) Finance and insurance 572 2 2 21 — — (24 ) — (22 ) 551 — 5 Consumer—non-cyclical 94 — 2 8 — — (1 ) — — 103 — 2 Technology and communications 50 — 1 20 — — — — (5 ) 66 — 2 Industrial 40 — (1 ) — — — — — — 39 — (1 ) Capital goods 102 — (1 ) — — — (4 ) — — 97 — (1 ) Consumer—cyclical 173 — 4 — — — (3 ) 24 — 198 — 4 Transportation 78 — (2 ) — — — (2 ) 10 (30 ) 54 — 1 Other 136 — 1 5 — — (4 ) 27 — 165 — 1 Total U.S. corporate 2,239 3 16 96 (21 ) — (43 ) 125 (83 ) 2,332 — 22 Non-U.S. corporate: Utilities 374 — 3 12 — — — 21 (53 ) 357 — 3 Energy 247 — (8 ) — — — (26 ) 24 — 237 — (8 ) Finance and insurance 234 2 9 15 — — — 58 (7 ) 311 2 10 Consumer—non-cyclical 59 — 2 8 — — — 1 (16 ) 54 — 1 Technology and communications 28 — — — — — — — — 28 — — Industrial 104 — 1 — — — (5 ) — (8 ) 92 — — Capital goods 161 1 (2 ) — — — (16 ) 29 — 173 — (1 ) Consumer—cyclical 147 — (3 ) 4 — — (7 ) 32 (17 ) 156 — (5 ) Transportation 191 — 2 — — — — 22 (74 ) 141 — 6 Other 140 — — 5 — — (1 ) 1 — 145 — — Total non-U.S. corporate 1,685 3 4 44 — — (55 ) 188 (175 ) 1,694 2 6 Residential mortgage-backed 27 — — — — — (1 ) 4 (6 ) 24 — — Commercial mortgage-backed 6 — 2 — — — — 20 (7 ) 21 — 1 Other asset-backed 93 — (2 ) 8 — — (8 ) — (1 ) 90 — (2 ) Total fixed maturity securities 4,152 7 8 148 (21 ) — (109 ) 338 (299 ) 4,224 4 14 Equity securities 51 — — 6 (4 ) — — — — 53 — — Other invested assets: Derivative assets: Equity index options 81 (9 ) — 18 — — (24 ) — — 66 5 — Total derivative assets 81 (9 ) — 18 — — (24 ) — — 66 5 — Total other invested assets 81 (9 ) — 18 — — (24 ) — — 66 5 — Reinsurance recoverable (2) 20 17 — — — 1 — — — 38 17 — Total Level 3 assets $ 4,304 $ 15 $ 8 $ 172 $ (25 ) $ 1 $ (133 ) $ 338 $ (299 ) $ 4,381 $ 26 $ 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 table presents the gains and losses included in net income (loss) 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 ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Total realized and unrealized gains (losses) included in net income (loss): Net investment income $ 1 $ 2 $ 3 $ 6 Net investment gains (losses) 5 (5 ) — 9 Total $ 6 $ (3 ) $ 3 $ 15 Total gains (losses) included in net income (loss) attributable to assets still held: Net investment income $ 2 $ 2 $ 4 $ 4 Net investment gains (losses) 1 (1 ) (5 ) 22 Total $ 3 $ 1 $ (1 ) $ 26 The amount presented for realized and unrealized gains (losses) included in net income (loss) for fixed maturity securities primarily represents amortization and accretion of premiums and discounts on certain fixed maturity securities. 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 June 30, 2021: (Amounts in millions) Valuation Fair Unobservable Range Weighted- (1) Fixed maturity securities: U.S. corporate: Utilities Intern

Liability for Policy and Contra

Liability for Policy and Contract Claims	6 Months Ended
	Jun. 30, 2021
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 six (Amounts in millions) 2021 2020 Beginning balance $ 11,486 $ 10,750 Less reinsurance recoverables (2,431 ) (2,406 ) Net beginning balance 9,055 8,344 Incurred related to insured events of: Current year 1,991 2,178 Prior years (332 ) (258 ) Total incurred 1,659 1,920 Paid related to insured events of: Current year (477 ) (434 ) Prior years (1,255 ) (1,298 ) Total paid (1,732 ) (1,732 ) Interest on liability for policy and contract claims 202 205 Foreign currency translation — (2 ) Net ending balance 9,184 8,735 Add reinsurance recoverables 2,362 2,319 Ending balance $ 11,546 $ 11,054 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 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. In addition, loss reserves recorded on new delinquencies in our Enact segment have a high degree of estimation, particularly due to the level of uncertainty regarding whether borrowers in forbearance will ultimately cure or result in a claim payment. For the six months ended June 30, 2021, the favorable development of $332 million related to insured events of prior years was primarily attributable to our long-term care insurance business largely from favorable development on prior year incurred but not reported claims, favorable claim terminations mostly attributable to higher mortality and favorable experience on pending claims that did not become an active claim. These decreases were partially offset by higher reserves associated with changes to incidence and mortality experience driven by COVID-19, which we believe are temporary.

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2021
Borrowings	(8) Borrowings The following table sets forth total long-term borrowings as of the dates indicated: (Amounts in millions) June 30, December 31, Genworth Holdings (1) 7.20% Senior Notes, due 2021 $ — $ 338 7.625% Senior Notes, due 2021 514 660 4.90% Senior Notes, due 2023 400 400 4.80% Senior Notes, due 2024 400 400 6.50% Senior Notes, due 2034 297 297 Floating Rate Junior Subordinated Notes, due 2066 598 598 Subtotal 2,209 2,693 Bond consent fees (16 ) (19 ) Deferred borrowing charges (8 ) (9 ) Total Genworth Holdings 2,185 2,665 Enact Holdings 6.50% Senior Notes, due 2025 (2) 750 750 Deferred borrowing charges (11 ) (12 ) Total Enact Holdings 739 738 Total $ 2,924 $ 3,403 (1) We have the option to redeem all or a portion of the senior notes at any time with notice to the noteholders at a price equal to the greater of 100% of principal or the sum of the present value of the remaining scheduled payments of principal and interest discounted at the then-current treasury rate plus an applicable spread. (2) Senior notes issued by Enact Holdings, our wholly-owned U.S. mortgage insurance subsidiary, who has the option to redeem the notes in whole or in part at any time prior to February 15, 2025, by paying a make-whole premium plus accrued and unpaid interest. Genworth Holdings paid its 7.20% senior notes with a principal balance of $338 million at maturity on February 16, 2021. Genworth Holdings’ 7.20% senior notes were fully redeemed with a cash payment of $350 million, comprised of the outstanding principal balance and accrued interest. In March 2021, Genworth Holdings repurchased $146 million principal amount of its 7.625% senior notes due in September 2021 for a pre-tax loss of $4 million and paid accrued interest thereon. On July 21, 2021, Genworth Holdings early redeemed the remainder of its 7.625% senior notes originally scheduled to mature in September 2021. The senior notes were fully redeemed with a cash payment of $532 million, comprised of the outstanding principal balance of $513 million, accrued interest of approximately $13 million and a make-whole premium of approximately $6 million.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Taxes	(9) 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 Six months ended 2021 2020 2021 2020 (2) 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) 2.1 9.2 2.9 97.2 Stock-based compensation — 0.2 0.1 14.6 Non-deductible expense 0.7 1.3 0.6 14.5 Tax favored investments (0.3 ) (1.6 ) (0.4 ) (16.3 ) Other, net (0.1 ) (0.6 ) — 7.5 Effective rate 23.4 % 29.5 % 24.2 % 138.5 % (1) Tax Cuts and Jobs Act. (2) For the six months ended June 30, 2020, the effective tax rate of 138.5% and the associated higher percentages included in the effective tax rate reconciliation are principally due to the prior year low pre-tax income. The decrease in the effective tax rate for the three months ended June 30, 2021 was primarily attributable to tax expense on forward starting swaps settled prior to the enactment of the TCJA, which are tax effected at 35% as they are amortized into net investment income, in relation to higher pre-tax income in the current year. The decrease in the effective tax rate for the six months ended June 30, 2021 was mostly attributable to tax expense on forward starting swaps settled prior to the enactment of the TCJA and non-deductible expenses in relation to higher pre-tax income in the current year. The decrease was also attributable to higher tax expense related to stock-based compensation in the prior year. U.S. GAAP generally requires an annualized effective tax rate to be used for interim reporting periods, utilizing projections of full year results. However, in certain circumstances it is appropriate to record the actual effective tax rate for the period if a reliable full year estimate cannot be made. For the three and six months ended June 30, 2020, we elected to record the actual effective tax rate for the periods, primarily due to the sensitivity of the full year annualized effective rate in relation to small changes in projected pre-tax income.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2021
Segment Information	(10) Segment Information We have the following three operating business segments: Enact, formerly known as U.S. Mortgage Insurance; U.S. Life Insurance (which includes our long-term care insurance, life insurance and fixed annuities businesses); and Runoff (which includes the results of non-strategic products which have not been actively sold since 2011). In addition to our three 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 international mortgage insurance businesses and discontinued operations. We tax our businesses at the U.S. corporate federal income tax rate of 21%. Each segment is then adjusted to reflect the unique tax attributes of that segment, such as permanent differences between U.S. GAAP and tax law. The difference between the consolidated provision for income taxes and the sum of the provision for income taxes in each segment is reflected in Corporate and Other activities. The annually-determined tax rates and adjustments to each segment’s provision for income taxes are estimates which are subject to review and could change from year to year. We use the same accounting policies and procedures to measure segment income (loss) and assets as our consolidated net income and assets. Our chief operating decision maker evaluates segment performance and allocates resources on the basis of “adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders.” We define adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders as income (loss) from continuing operations excluding the after-tax effects of income (loss) from continuing operations attributable to noncontrolling interests, net investment gains (losses), gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions, restructuring costs and infrequent or unusual non-operating items. Gains (losses) on insurance block transactions are defined as gains (losses) on the early extinguishment of non-recourse funding obligations, early termination fees for other financing restructuring and/or resulting gains (losses) on reinsurance restructuring for certain blocks of business. We exclude net investment gains (losses) and infrequent or unusual non-operating items because we do not consider them to be related to the operating performance of our segments and Corporate and Other activities. A component of our net investment gains (losses) is the result of estimated future credit losses, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to our discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions and restructuring costs are also excluded from adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders because, in our opinion, they are not indicative of overall operating trends. Infrequent or unusual non-operating items are also excluded from adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders if, in our opinion, they are not indicative of overall operating trends. While some of these items may be significant components of net income (loss) available to Genworth Financial, Inc.’s common stockholders in accordance with U.S. GAAP, we believe that adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders, and measures that are derived from or incorporate adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders, are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Management also uses adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders as a basis for determining awards and compensation for senior management and to evaluate performance on a basis comparable to that used by analysts. However, the items excluded from adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders have occurred in the past and could, and in some cases will, recur in the future. Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders is not a substitute for net income (loss) available to Genworth Financial, Inc.’s common stockholders determined in accordance with U.S. GAAP. In addition, our definition of adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders may differ from the definitions used by other companies. Adjustments to reconcile net income (loss) available to Genworth Financial, Inc.’s common stockholders to adjusted operating income (loss) assume a 21% tax rate. Net investment gains (losses) are also adjusted for DAC and other intangible amortization and certain benefit reserves. During the six months ended June 30, 2021, we repurchased $146 million principal amount of Genworth Holdings’ senior notes due in September 2021 for a pre-tax loss of $4 million. During the three and six months ended June 30, 2020, we repurchased $52 million and $66 million, respectively, principal amount of Genworth Holdings’ senior notes with 2021 maturity dates for a pre-tax gain of $3 million and $4 million, respectively. In January 2020, we paid a pre-tax make-whole expense of $9 million related to the early redemption of Genworth Holdings’ senior notes originally scheduled to mature in June 2020 and Rivermont Life Insurance Company I, our indirect wholly-owned special purpose consolidated captive insurance subsidiary, early redeemed all of its $315 million outstanding non-recourse funding obligations originally due in 2050 resulting in a pre-tax loss of $4 million from the write-off of deferred borrowing costs. These transactions were excluded from adjusted operating income (loss) as they relate to gains (losses) on the early extinguishment of debt. We recorded a pre-tax expense of $5 million and $26 million for the three and six months ended June 30, 2021, respectively, and $1 million and $2 million for the three and six months ended June 30, 2020, respectively, related to restructuring costs as we continue to evaluate and appropriately size our organizational needs and expenses. There were no infrequent or unusual items excluded from adjusted operating income (loss) during the periods presented. The following is a summary of revenues for our segments and Corporate and Other activities for the periods indicated: Three months Six months ended June 30, (Amounts in millions) 2021 2020 2021 2020 Revenues: Enact segment $ 276 $ 274 $ 564 $ 535 U.S. Life Insurance segment: Long-term care insurance 1,226 1,200 2,366 2,206 Life insurance 329 335 677 683 Fixed annuities 122 129 254 262 U.S. Life Insurance segment 1,677 1,664 3,297 3,151 Runoff segment 88 90 164 97 Corporate and Other activities — (25 ) 1 29 Total revenues $ 2,041 $ 2,003 $ 4,026 $ 3,812 The following tables present the reconciliation of net income (loss) available to Genworth Financial, Inc.’s common stockholders to adjusted operating income (loss) 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 Six months (Amounts in millions) 2021 2020 2021 2020 Net income (loss) available to Genworth Financial, Inc.’s common stockholders $ 240 $ (441 ) $ 427 $ (507 ) Add: net income from continuing operations attributable to noncontrolling interests — — — — Add: net income from discontinued operations attributable to noncontrolling interests — 23 8 17 Net income (loss) 240 (418 ) 435 (490 ) Less: income (loss) from discontinued operations, net of taxes (5 ) (473 ) 16 (485 ) Income (loss) from continuing operations 245 55 419 (5 ) Less: net income from continuing operations attributable to noncontrolling interests — — — — Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders 245 55 419 (5 ) Adjustments to income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders: Net investment (gains) losses, net (1) (70 ) (97 ) (103 ) (9 ) (Gains) losses on early extinguishment of debt — (3 ) 4 9 Expenses related to restructuring 5 1 26 2 Taxes on adjustments 14 21 16 — Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders $ 194 $ (23 ) $ 362 $ (3 ) (1) For the three and six months ended June 30, 2020, net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves of $(4) million and $(15) million, respectively. Three months ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders: Enact segment $ 135 $ (3 ) $ 261 $ 145 U.S. Life Insurance segment: Long-term care insurance 98 48 193 49 Life insurance (40 ) (81 ) (103 ) (158 ) Fixed annuities 13 28 43 34 U.S. Life Insurance segment 71 (5 ) 133 (75 ) Runoff segment 15 24 27 11 Corporate and Other activities (27 ) (39 ) (59 ) (84 ) Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders $ 194 $ (23 ) $ 362 $ (3 ) The following is a summary of total assets for our segments and Corporate and Other activities as of the dates indicated: (Amounts in millions) June 30, December 31, Assets: Enact segment $ 5,845 $ 5,627 U.S. Life Insurance segment 82,522 84,671 Runoff segment 9,593 9,735 Corporate and Other activities 2,690 2,897 Segment assets from continuing operations 100,650 102,930 Assets related to discontinued operations — 2,817 Total assets $ 100,650 $ 105,747

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies	(11) Commitments and Contingencies (a) Litigation and Regulatory Matters We face the risk of litigation and regulatory investigations and actions in the ordinary course of operating our businesses, including the risk of class action lawsuits. Our pending legal and regulatory actions include proceedings specific to us and others generally applicable to business practices in the industries in which we operate. In our insurance operations, we are, have been, or may become subject to class actions and individual suits alleging, among other things, issues relating to sales or underwriting practices, increases to in-force long-term care insurance premiums, payment of contingent or other sales commissions, claims payments and procedures, product design, product disclosure, product administration, additional premium charges for premiums paid on a periodic basis, denial or delay of benefits, charging excessive or impermissible fees on products, recommending unsuitable products to customers, our pricing structures and business practices in our mortgage insurance business, such as captive reinsurance arrangements with lenders and contract underwriting services, violations of the Real Estate Settlement and Procedures Act of 1974 or related state anti-inducement laws, and mortgage insurance policy rescissions and curtailments, and breaching fiduciary or other duties to customers, including but not limited to breach of customer information. Plaintiffs in class action and other lawsuits against us may seek very large or indeterminate amounts which may remain unknown for substantial periods of time. In our investment-related operations, we are subject to litigation involving commercial disputes with counterparties. We are also subject to litigation arising out of our general business activities such as our contractual and employment relationships, post-closing obligations associated with previous dispositions and securities lawsuits. In addition, we are also subject to various regulatory inquiries, such as information requests, subpoenas, books and record examinations and market conduct and financial examinations from state, federal and international regulators and other authorities. A substantial legal liability or a significant regulatory action against us could have an adverse effect on our business, financial condition and results of operations. Moreover, even if we ultimately prevail in the litigation, regulatory action or investigation, we could suffer significant reputational harm, which could have an adverse effect on our business, financial condition or results of operations. In January 2016, Genworth Financial, its current chief executive officer, its former chief executive officer, its then 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 then current chief financial officer, its then 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 damages, costs, attorneys’ fees and such equitable relief as the Court may deem proper. We filed a motion to dismiss on November 14, 2016. The action was stayed pending the outcome of the proposed China Oceanwide transaction. On January 14, 2021, the parties submitted a joint letter to the Court requesting that the action remai n In September 2018, Genworth Life and Annuity Insurance Company (“GLAIC”), our indirect wholly-owned subsidiary, was named as a defendant in a putative class action lawsuit pending in the United States District Court for the Eastern District of Virginia captioned TVPX ARX INC., as Securities Intermediary for Consolidated Wealth Management, LTD. on behalf of itself and all others similarly situated v. Genworth Life and Annuity Insurance Company In September 2018, Genworth Financial, Genworth Holdings, Genworth North America Corporation, Genworth Financial International Holdings, LLC (“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 action for intentional fraudulent transfer and constructive fraudulent transfer, and seeks injunctive relief. We moved to dismiss this action in December 2018. On January 29, 2019, plaintiffs exercised their right to amend their complaint. On March 12, 2019, we moved to dismiss plaintiffs’ amended complaint. On April 26, 2019, plaintiffs filed a memorandum in opposition to our motion to dismiss, which we replied to on June 14, 2019. On August 7, 2019, plaintiffs filed a motion seeking to prevent proceeds that GFIH expected to receive from the then planned sale of its shares in Genworth MI Canada Inc. (“Genworth Canada”) from being transferred out of GFIH. On September 11, 2019, plaintiffs filed a renewed motion seeking the same relief from their August 7, 2019 motion with an exception that allowed GFIH to transfer On April 6, 2020, GLAIC, our indirect wholly-owned subsidiary, was named as a defendant in a putative class action lawsuit filed in the United States District Court for the Eastern District of Virginia, captioned Brighton Trustees, LLC, on behalf of and as trustee for Diamond LS Trust; and Bank of Utah, solely as securities intermediary for Diamond LS Trust; on behalf of themselves and all others similarly situated v. Genworth Life and Annuity Insurance Company Ronald L. Daubenmier, individually and on behalf of himself and all others similarly situated v. Genworth Life and Annuity Insurance Company In January 2021, GLIC and Genworth Life Insurance Company of New York were named as defendants in a putative class action lawsuit pending in the United States District Court for the Eastern District of Virginia captioned Judy Halcom, Hugh Penson, Harold Cherry, and Richard Landino, individually, and on behalf of all others similarly situated v. Genworth Life Insurance Company and Genworth Life Insurance Company of New York million. The trial is scheduled to commence on June 1, 2022. On June 18, 2021, following two days of mediation, the parties 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. 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 June 18, 2021, 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. In January 2021, 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 District of Oregon captioned Patsy H. McMillan, Individually and On Behalf Of All Others Similarly Situated, v. Genworth Life and Annuity Insurance Company s 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 June 30, 2021, we were committed to fund $1,187 million in limited partnership investments, $58 million in U.S. commercial mortgage loan investments and $98 million in private placement investments. As of June 30, 2021, we were also committed to fund $273 million of bank loan investments which had not yet been drawn.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2021
Changes In Accumulated Other Comprehensive Income (Loss)	(12) 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 (1) Derivatives (2) Foreign Total Balances as of April 1, 2021 $ 1,919 $ 1,792 $ (36 ) $ 3,675 OCI before reclassifications (54 ) 245 2 193 Amounts reclassified from (to) OCI — (34 ) — (34 ) Current period OCI (54 ) 211 2 159 Balances as of June 30, 2021 before noncontrolling interests 1,865 2,003 (34 ) 3,834 Less: change in OCI attributable to noncontrolling interests — — — — Balances as of June 30, 2021 $ 1,865 $ 2,003 $ (34 ) $ 3,834 (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 (1) Derivatives (2) Foreign Total Balances as of April 1, 2020 $ 1,140 $ 2,755 $ (80 ) $ 3,815 OCI before reclassifications 762 (48 ) 73 787 Amounts reclassified from (to) OCI (88 ) (30 ) — (118 ) Current period OCI 674 (78 ) 73 669 Balances as of June 30, 2020 before noncontrolling interests 1,814 2,677 (7 ) 4,484 Less: change in OCI attributable to noncontrolling interests 3 — 34 37 Balances as of June 30, 2020 $ 1,811 $ 2,677 $ (41 ) $ 4,447 (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 (1) Derivatives (2) Foreign Total Balances as of January 1, 2021 $ 2,214 $ 2,211 $ — $ 4,425 OCI before reclassifications (370 ) (140 ) 138 (372 ) Amounts reclassified from (to) OCI (4 ) (68 ) — (72 ) Current period OCI (374 ) (208 ) 138 (444 ) Balances as of June 30, 2021 before noncontrolling interests 1,840 2,003 138 3,981 Less: change in OCI attributable to noncontrolling interests (25 ) — 172 147 Balances as of June 30, 2021 $ 1,865 $ 2,003 $ (34 ) $ 3,834 (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 (1) Derivatives (2) Foreign Total Balances as of January 1, 2020 $ 1,456 $ 2,002 $ (25 ) $ 3,433 OCI before reclassifications 448 735 (25 ) 1,158 Amounts reclassified from (to) OCI (94 ) (60 ) — (154 ) Current period OCI 354 675 (25 ) 1,004 Balances as of June 30, 2020 before noncontrolling interests 1,810 2,677 (50 ) 4,437 Less: change in OCI attributable to noncontrolling interests (1 ) — (9 ) (10 ) Balances as of June 30, 2020 $ 1,811 $ 2,677 $ (41 ) $ 4,447 (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 $(15) million, net of taxes of $4 million, related to a net unrecognized postretirement benefit obligation as of June 30, 2021. The balance also included taxes of $(1) million and $22 million, respectively, related to foreign currency translation adjustments as of June 30, 2021 and 2020. The following table shows reclassifications in (out) of accumulated other comprehensive income (loss), net of taxes, for the periods presented: Amount reclassified from accumulated Affected line item in the consolidated statements of income Three months ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Net unrealized investment (gains) losses: Unrealized (gains) losses on investments (1) $ — $ (112 ) $ (5 ) $ (119 ) Net investment (gains) losses Income taxes — 24 1 25 Provision for income taxes Total $ — $ (88 ) $ (4 ) $ (94 ) Derivatives qualifying as hedges: Interest rate swaps hedging assets $ (52 ) $ (46 ) $ (104 ) $ (89 ) Net investment income Interest rate swaps hedging assets — — — (4 ) Net investment (gains) losses Income taxes 18 16 36 33 Provision for income taxes Total $ (34 ) $ (30 ) $ (68 ) $ (60 ) (1) Amounts exclude adjustments to DAC, present value of future profits, sales inducements and benefit reserves.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2021
Discontinued Operations	(13) Discontinued Operations As discussed in note 1, on March 3, 2021, we completed the sale of Genworth Australia through an underwritten agreement and received approximately AUD483 million ($370 million) in net cash proceeds. In the first quarter of 2021, we recognized an after-tax loss on sale of $3 million. In addition, we recorded an after-tax favorable adjustment of $11 million in the first quarter of 2021 associated with a refinement to our tax matters agreement liability. The assets and liabilities related to Genworth Australia were segregated in our condensed consolidated balance sheet until deconsolidation. The major asset and liability categories of Genworth Australia were as follows for the periods indicated: (Amounts in millions) June 30, December 31, Assets Investments: Fixed maturity securities available-for-sale, at fair value $ — $ 2,295 Equity securities, at fair value — 90 Other invested assets — 154 Total investments — 2,539 Cash, cash equivalents and restricted cash — 95 Accrued investment income — 16 Deferred acquisition costs — 42 Intangible assets — 43 Other assets — 40 Deferred tax asset — 42 Assets related to discontinued operations $ — $ 2,817 Liabilities Liability for policy and contract claims $ — $ 331 Unearned premiums — 1,193 Other liabilities — 104 Long-term borrowings — 145 Liabilities related to discontinued operations $ — $ 1,773 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 related to discontinued operations. A summary of operating results related to Genworth Australia reported as discontinued operations was as follows for the periods indicated: Three months Six months (Amounts in millions) 2021 2020 2021 2020 Revenues: Premiums $ — $ 62 $ 51 $ 131 Net investment income — 7 4 18 Net investment gains (losses) — 66 (5 ) 13 Policy fees and other income — — — 1 Total revenues — 135 50 163 Benefits and expenses: Benefits and other changes in policy reserves — 39 11 63 Acquisition and operating expenses, net of deferrals — 13 7 25 Amortization of deferred acquisition costs and intangibles — 6 6 14 Goodwill impairment — 5 — 5 Interest expense — 2 1 3 Total benefits and expenses — 65 25 110 Income before income taxes and loss on sale (1) — 70 25 53 Provision for income taxes — 23 8 18 Income before loss on sale — 47 17 35 Loss on sale, net of taxes — — (3 ) — Income from discontinued operations, net of taxes — 47 14 35 Less: net income from discontinued operations attributable to noncontrolling interests — 23 8 17 Income from discontinued operations available to Genworth Financial, Inc.’s common stockholders $ — $ 24 $ 6 $ 18 (1) The three months ended June 30, 2020, includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $37 million. The six months ended June 30, 2021 and 2020, includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $13 million and $28 million, respectively. Lifestyle protection insurance On December 1, 2015, we completed the sale of our lifestyle protection insurance business to AXA. In 2017, AXA sued us for damages on an indemnity in the 2015 agreement related to alleged remediation it paid to customers who purchased payment protection insurance (“PPI”). On July 20, 2020, we reached a settlement agreement related to losses incurred from mis-selling complaints on policies sold from 1970 through 2004. As part of the settlement agreement, we agreed to make payments for certain PPI mis-selling claims, along with a significant portion of future claims that are still being processed. Under the settlement agreement, we issued a secured promissory note to AXA, in which we agreed to make deferred cash payments in two installments in June 2022 and September 2022. Future claims that are still being processed will be added to the September 2022 installment payment. In connection with the Genworth Australia sale, we made a mandatory principal payment to AXA of approximately £176 million ($245 million) in March 2021. The mandatory payment fully repaid the first installment obligation originally due in June 2022 and partially prepaid the September 2022 installment payment. The following table presents the remaining amounts owed to AXA under the settlement agreement, which are reflected as liabilities related to discontinued operations in our condensed consolidated balance sheets as of the periods presented: (Amounts in millions) British Pounds U.S. Dollar June 30, December 31, June 30, December 31, Installment payments due to AXA: June 2022: Beginning balance £ 159 £ 159 $ 217 $ 217 Prepayments (1) (159 ) — (217 ) — Ending balance — 159 — 217 September 2022: Beginning balance 187 158 256 217 Prepayments (1) (17 ) — (28 ) — Amounts billed as future losses 41 29 56 39 Foreign exchange and other — — 8 — Ending balance 211 187 292 256 Total amounts due under the promissory note 211 346 292 473 Future claims: Estimated beginning balance 79 107 108 146 Change in estimated future claims — 1 — 1 Less: Amounts billed (41 ) (29 ) (56 ) (39 ) Estimated future billings 38 79 52 108 Total amounts due to AXA under the settlement agreement (2) £ 249 £ 425 $ 344 $ 581 (1) On March 3, 2021, we completed the sale of Genworth Australia and received net proceeds of approximately AUD483 million ($370 million). The sale of Genworth Australia resulted in a mandatory principal payment of approximately £176 million ($245 million) related to our outstanding secured promissory note issued to AXA, dated as of July 20, 2020, as amended by the parties in connection with the Genworth Australia sale. (2) Amounts exclude accrued interest on the promissory note and certain other expenses. As of June 30, 2021, due principally to the mandatory payment made in connection with the Genworth Australia sale, we reduced the amount of accrued interest payable on the promissory note resulting in a reduction in the total amount owed to AXA of approximately $2 million. An after-tax loss of $4 million and $5 million related to the settlement is included in income (loss) from discontinued operations for the three and six months ended June 30, 2021, respectively. The after-tax loss for the six months ended June 30, 2021 is comprised of foreign currency remeasurement losses and legal costs, partially offset by derivative hedge gains associated with foreign currency forward contracts entered into to mitigate our exposure to the installment payments made in British Pounds. For the three and six months ended June 30, 2020, we recorded an after-tax loss from discontinued operations of $520 million related to the settlement. In connection with our prepayment of the promissory note, interest now accrues at a fixed rate of To secure our obligation under the amended promissory note, we granted a 19.9% security interest in the outstanding common stock of Enact Holdings to AXA. AXA does not have the right to sell or repledge the collateral and is not entitled to any voting rights. The collateral will be released back to us upon full repayment of the promissory note. Accordingly, the collateral arrangement has no impact on our consolidated financial statements. In the event AXA recovers amounts from third parties related to the mis-selling losses, including from the distributor responsible for the sale of the policies, we have certain rights to share in those recoveries to recoup payments for the underlying mis-selling losses. As of June 30, 2021, we have not recorded any amounts associated with recoveries from third parties. The promissory note is also subject to certain mandatory prepayments upon the occurrence of: • the consummation of certain qualifying debt transactions in which total gross proceeds of at least $750 million are raised; • the consummation of certain qualifying equity issuances or dispositions with respect to Enact Holdings, or any of our subsidiaries, in which total net cash proceeds of at least $475 million are raised; • certain asset dispositions of Enact Holdings; • transactions involving a change of control of Genworth; and • receipt of dividends and sale proceeds from Enact Holdings above certain threshold amounts. The promissory note also contains certain negative and affirmative covenants, restrictions imposed on the collateral, representations and warranties and customary events of default. In addition to the promissory note, we also have an unrelated liability that is owed to AXA associated with underwriting losses on a product sold by a distributor in our former lifestyle protection insurance business. For the six months ended June 30, 2021, we recorded a $4 million after-tax loss due to an adjustment to the underwriting losses. As of June 30, 2021 and December 31, 2020, the balance of the liability is $4 million and $16 million, respectively, and is included as liabilities related to discontinued operations in our condensed consolidated balance sheets. During the second quarter of 2021, we reached a settlement with AXA and made a cash payment of approximately €15 million ($18 million) for the amounts owed related to the underwriting losses. The remaining amount accrued as of June 30, 2021 represents our best estimate of amounts owed for a tax gross up associated with the underwriting losses. We have established our current best estimates for future claims that are still being processed under the settlement agreement, as well as for a tax gross up related to underwriting losses and other expenses; however, there may be future adjustments to these estimates. If amounts are different from our estimates, it could result in an adjustment to our liabilities and an additional amount reflected in income (loss) from discontinued operations.

Accounting Changes (Policies)

Accounting Changes (Policies)	6 Months Ended
	Jun. 30, 2021
Disclosue of Accounting Changes [Abstract]
Accounting Pronouncements Recently Adopted	Accounting Pronouncements Recently Adopted On January 1, 2021, we adopted new accounting guidance related to simplifying the accounting for income taxes. The guidance eliminates certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. We adopted this new accounting guidance using the retrospective method or modified retrospective method for certain changes and prospective method for all other changes, which did not have a significant impact on our consolidated financial statements and disclosures.
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 at contract inception and all cash flow assumptions used to estimate the liability for future policy benefits (except the discount rate) will be reviewed at least annually in the same period each year or more frequently if actual experience indicates a change is required. Changes will be recorded in net income (loss) using a retrospective approach with a cumulative catch-up adjustment by recalculating the net premium ratio (which will be capped at 100%) using actual historical and updated future cash flow assumptions; • the discount rate used to determine the liability for future policy benefits will be a current upper-medium grade (low credit risk) fixed-income instrument yield, which is generally interpreted to mean a single-A rated bond rate for the same duration, and is required to be reviewed quarterly, with changes in the discount rate recorded in other comprehensive income (loss); • the provision for adverse deviation and the premium deficiency test will be eliminated; • market risk benefits associated with deposit-type contracts will be measured at fair value with changes 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. This guidance is effective for us on January 1, 2023 using the modified retrospective method (with transition adjustments as of January 1, 2021) for all topics except for market risk benefits, which is required to be applied using the retrospective method, with early adoption permitted, which we do not intend to elect. We are currently in process of developing a detailed implementation plan that will allow us to obtain necessary data, modify systems, identify and develop key inputs and establish policies, systems and internal controls that will be necessary to implement this new accounting guidance. Given the nature and extent of the changes to our operations, this guidance is expected to have a significant impact on our consolidated financial statements, and may significantly reduce our equity at transition.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings (Loss) 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 Six months ended (Amounts in millions, except per share amounts) 2021 2020 2021 2020 Weighted-average shares used in basic earnings per share calculations 507.0 505.4 506.5 504.8 Potentially dilutive securities: Stock options, restricted stock units and stock appreciation rights 8.0 7.1 7.9 — Weighted-average shares used in diluted earnings per share calculations (1) 515.0 512.5 514.4 504.8 Income (loss) from continuing operations: Income (loss) from continuing operations $ 245 $ 55 $ 419 $ (5 ) Less: net income from continuing operations attributable to noncontrolling interests — — — — Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders $ 245 $ 55 $ 419 $ (5 ) Basic per share $ 0.48 $ 0.11 $ 0.83 $ (0.01 ) Diluted per share $ 0.47 $ 0.11 $ 0.82 $ (0.01 ) Income (loss) from discontinued operations: Income (loss) from discontinued operations, net of taxes $ (5 ) $ (473 ) $ 16 $ (485 ) Less: net income from discontinued operations attributable to noncontrolling interests — 23 8 17 Income (loss) from discontinued operations available to Genworth Financial, Inc.’s common stockholders $ (5 ) $ (496 ) $ 8 $ (502 ) Basic per share $ (0.01 ) $ (0.98 ) $ 0.02 $ (0.99 ) Diluted per share $ (0.01 ) $ (0.97 ) $ 0.02 $ (0.99 ) Net income (loss): Income (loss) from continuing operations $ 245 $ 55 $ 419 $ (5 ) Income (loss) from discontinued operations, net of taxes (5 ) (473 ) 16 (485 ) Net income (loss) 240 (418 ) 435 (490 ) Less: net income attributable to noncontrolling interests — 23 8 17 Net income (loss) available to Genworth Financial, Inc.’s common stockholders $ 240 $ (441 ) $ 427 $ (507 ) Basic per share (2) $ 0.47 $ (0.87 ) $ 0.84 $ (1.00 ) Diluted per share (2) $ 0.47 $ (0.86 ) $ 0.83 $ (1.00 ) (1) Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of our loss from continuing operations available to Genworth Financial, Inc.’s common stockholders for the six months ended June 30, 2020, we were required to use basic weighted-average common shares outstanding as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 6.3 million would have been antidilutive to the calculation. If we had not incurred a loss from continuing operations available to Genworth Financial, Inc.’s common stockholders for the six months ended June 30, 2020, dilutive potential weighted-average common shares outstanding would have been 511.1 million. (2) May not total due to whole number calculation.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2021
Net Investment Income	Sources of net investment income were as follows for the periods indicated: Three months ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Fixed maturity securities—taxable $ 608 $ 594 $ 1,207 $ 1,205 Fixed maturity securities—non-taxable 1 1 3 3 Equity securities 2 2 5 4 Commercial mortgage loans 103 84 181 169 Policy loans 40 49 90 98 Other invested assets 112 66 201 113 Cash, cash equivalents, restricted cash and short-term investments — 4 — 14 Gross investment income before expenses and fees 866 800 1,687 1,606 Expenses and fees (22 ) (21 ) (42 ) (45 ) Net investment income $ 844 $ 779 $ 1,645 $ 1,561
Net Investment Gains (Losses)	The following table sets forth net investment gains (losses) for the periods indicated: Three months ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Available-for-sale fixed maturity securities: Realized gains $ 5 $ 103 $ 12 $ 105 Realized losses (4 ) (5 ) (7 ) (5 ) Net realized gains (losses) on available-for-sale fixed maturity securities 1 98 5 100 Net change in allowance for credit losses on available-for-sale fixed maturity securities (4 ) (7 ) (6 ) (7 ) Write-down of available-for-sale fixed maturity securities (1) — — (1 ) — Net realized gains (losses) on equity securities sold (2 ) — (7 ) — Net unrealized gains (losses) on equity securities still held 6 5 (2 ) (7 ) Limited partnerships 65 37 102 (3 ) Commercial mortgage loans (1 ) 1 (2 ) 1 Derivative instruments (2) 4 (36 ) 12 (84 ) Other 1 (5 ) 2 (6 ) Net investment gains (losses) $ 70 $ 93 $ 103 $ (6 ) (1) Represents write-down of securities deemed uncollectible or that we intend to sell or will be required to sell prior to recovery of the amortized cost basis. (2) See note 5 for additional information on the impact of derivative instruments included in net investment gains (losses).
Allowance for credit losses related to fixed maturity securities	The following table represents the allowance for credit losses aggregated by security type for available-for-sale fixed maturity investments as of and for the three months ended June 30, 2021: (Amounts in millions) Beginning Increase from Increase Securities sold Decrease Write-offs Recoveries Ending Fixed maturity securities: Non-U.S. corporate $ 3 $ — $ 4 $ (7 ) $ — $ — $ — $ — Total available-for-sale fixed maturity securities $ 3 $ — $ 4 $ (7 ) $ — $ — $ — $ — The following table represents the allowance for credit losses aggregated by security type for available-for-sale fixed maturity investments as of and for the three and six months ended June 30, 2020: (Amounts in millions) Beginning Increase from Increase Securities Decrease Write- Recoveries Ending Fixed maturity securities: Non-U.S. corporate $ — $ 4 $ — $ — $ — $ — $ — $ 4 Commercial mortgage-backed — 3 — — — — — 3 Total available-for-sale fixed maturity securities $ — $ 7 $ — $ — $ — $ — $ — $ 7 The following table represents the allowance for credit losses aggregated by security type for available-for-sale fixed maturity investments as of and for the six months ended June 30, 2021: (Amounts in millions) Beginning Increase from Increase Securities Decrease Write- Recoveries Ending Fixed maturity securities: Non-U.S. corporate $ 1 $ — $ 6 $ (7 ) $ — $ — $ — $ — Commercial mortgage-backed 3 — — — — (3 ) — — Total available-for-sale fixed maturity securities $ 4 $ — $ 6 $ (7 ) $ — $ (3 ) $ — $ —
Unrealized Investment Gains and Losses	Net unrealized gains and losses on available-for-sale investment securities reflected as a separate component of accumulated other comprehensive income (loss) were as follows as of the dates indicated: (Amounts in millions) June 30, 2021 December 31, 2020 Net unrealized gains (losses) on fixed maturity securities without an allowance for credit losses (1) $ 8,538 $ 10,159 Net unrealized gains (losses) on fixed maturity securities with an allowance for credit losses (1) — (7 ) Adjustments to DAC, present value of future profits, sales inducements, benefit reserves and policyholder contract balances (6,169 ) (7,302 ) Income taxes, net (504 ) (611 ) Net unrealized investment gains (losses) 1,865 2,239 Less: net unrealized investment gains (losses) attributable to noncontrolling interests — 25 Net unrealized investment gains (losses) attributable to Genworth Financial, Inc. $ 1,865 $ 2,214 (1) Excludes foreign exchange.
Change in Net Unrealized Gains (Losses) on Available-for-Sale Investment Securities Reported in Accumulated Other Comprehensive Income (Loss)	The change in net unrealized gains (losses) on available-for-sale investment securities reported in accumulated other comprehensive income (loss) was as follows as of and for the periods indicated: As of or for the June 30, (Amounts in millions) 2021 2020 Beginning balance $ 1,919 $ 1,140 Unrealized gains (losses) arising during the period: Unrealized gains (losses) on fixed maturity securities 1,774 3,911 Adjustment to deferred acquisition costs 42 (111 ) Adjustment to present value of future profits 1 5 Adjustment to sales inducements 2 (34 ) Adjustment to benefit reserves (1,887 ) (2,802 ) Provision for income taxes 14 (207 ) Change in unrealized gains (losses) on investment securities (54 ) 762 Reclassification adjustments to net investment (gains) losses, net of taxes of $— — (88 ) Change in net unrealized investment gains (losses) (54 ) 674 Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests — 3 Ending balance $ 1,865 $ 1,811 As of or for the June 30, (Amounts in millions) 2021 2020 Beginning balance $ 2,214 $ 1,456 Unrealized gains (losses) arising during the period: Unrealized gains (losses) on fixed maturity securities (1,609 ) 2,199 Adjustment to deferred acquisition costs (132 ) 57 Adjustment to present value of future profits 2 4 Adjustment to sales inducements 5 2 Adjustment to benefit reserves 1,258 (1,694 ) Provision for income taxes 106 (120 ) Change in unrealized gains (losses) on investment securities (370 ) 448 Reclassification adjustments to net investment (gains) losses, net of taxes of $1 and $25 (4 ) (94 ) Change in net unrealized investment gains (losses) (374 ) 354 Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests (25 ) (1 ) Ending balance $ 1,865 $ 1,811
Fixed Maturity Securities	As of June 30, 2021, the amortized cost or cost, gross unrealized gains (losses), allowance for credit losses and fair value of our fixed maturity securities classified as available-for-sale were as follows: (Amounts in millions) Amortized Gross Gross Allowance Fair value Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 3,350 $ 1,135 $ (1 ) $ — $ 4,484 State and political subdivisions 2,876 496 (1 ) — 3,371 Non-U.S. government 712 94 (4 ) — 802 U.S. corporate: Utilities 4,276 820 (5 ) — 5,091 Energy 2,573 388 (9 ) — 2,952 Finance and insurance 7,895 1,107 (13 ) — 8,989 Consumer—non-cyclical 5,128 1,100 (4 ) — 6,224 Technology and communications 3,244 515 (5 ) — 3,754 Industrial 1,377 196 (1 ) — 1,572 Capital goods 2,424 447 (1 ) — 2,870 Consumer—cyclical 1,758 240 (4 ) — 1,994 Transportation 1,156 253 — — 1,409 Other 394 40 — — 434 Total U.S. corporate 30,225 5,106 (42 ) — 35,289 Non-U.S. corporate: Utilities 873 73 (1 ) — 945 Energy 1,189 210 — — 1,399 Finance and insurance 2,108 298 (6 ) — 2,400 Consumer—non-cyclical 659 87 (1 ) — 745 Technology and communications 1,098 186 — — 1,284 Industrial 1,003 138 (1 ) — 1,140 Capital goods 574 69 (1 ) — 642 Consumer—cyclical 325 29 (1 ) — 353 Transportation 467 74 — — 541 Other 1,105 193 (3 ) — 1,295 Total non-U.S. corporate 9,401 1,357 (14 ) — 10,744 Residential mortgage-backed 1,524 167 — — 1,691 Commercial mortgage-backed 2,538 199 (3 ) — 2,734 Other asset-backed 2,485 50 (1 ) — 2,534 Total available-for-sale fixed maturity securities $ 53,111 $ 8,604 $ (66 ) $ — $ 61,649 As of December 31, 2020, the amortized cost or cost, gross unrealized gains (losses), allowance for credit losses and fair value of our fixed maturity securities classified as available-for-sale were as follows: (Amounts in millions) Amortized Gross Gross Allowance Fair Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 3,401 $ 1,404 $ — $ — $ 4,805 State and political subdivisions 2,622 544 (1 ) — 3,165 Non-U.S. government 728 130 (4 ) — 854 U.S. corporate: Utilities 4,226 970 (2 ) — 5,194 Energy 2,532 367 (16 ) — 2,883 Finance and insurance 7,798 1,306 (2 ) — 9,102 Consumer—non-cyclical 5,115 1,323 (1 ) — 6,437 Technology and communications 3,142 619 — — 3,761 Industrial 1,370 232 — — 1,602 Capital goods 2,456 535 — — 2,991 Consumer—cyclical 1,663 284 — — 1,947 Transportation 1,198 304 (2 ) — 1,500 Other 395 45 — — 440 Total U.S. corporate 29,895 5,985 (23 ) — 35,857 Non-U.S. corporate: Utilities 838 84 — — 922 Energy 1,172 209 (1 ) — 1,380 Finance and insurance 2,130 353 (6 ) (1 ) 2,476 Consumer—non-cyclical 662 112 (1 ) — 773 Technology and communications 1,062 229 — — 1,291 Industrial 969 159 — — 1,128 Capital goods 510 67 (1 ) — 576 Consumer—cyclical 331 41 (1 ) — 371 Transportation 483 88 (1 ) — 570 Other 1,088 236 — — 1,324 Total non-U.S. corporate 9,245 1,578 (11 ) (1 ) 10,811 Residential mortgage-backed 1,698 211 — — 1,909 Commercial mortgage-backed 2,759 231 (13 ) (3 ) 2,974 Other asset-backed 3,069 55 (4 ) — 3,120 Total available-for-sale fixed maturity securities $ 53,417 $ 10,138 $ (56 ) $ (4 ) $ 63,495
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 for which an allowance for credit losses has not been recorded, aggregated by investment type and length of time that individual fixed maturity securities have been in a continuous unrealized loss position, as of June 30, 2021: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number of Fair Gross Number of Fair Gross Number of Description of Securities Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 30 $ (1 ) 5 $ — $ — — $ 30 $ (1 ) 5 State and political subdivisions 100 (1 ) 32 — — — 100 (1 ) 32 Non-U.S. government 112 (3 ) 22 18 (1 ) 1 130 (4 ) 23 U.S. corporate 1,482 (37 ) 141 59 (5 ) 8 1,541 (42 ) 149 Non-U.S. corporate 434 (12 ) 51 35 (2 ) 7 469 (14 ) 58 Commercial mortgage-backed 48 (1 ) 6 53 (2 ) 9 101 (3 ) 15 Other asset-backed 280 (1 ) 55 — — — 280 (1 ) 55 Total for fixed maturity securities in an unrealized loss position $ 2,486 $ (56 ) 312 $ 165 $ (10 ) 25 $ 2,651 $ (66 ) 337 % Below cost: <20% Below cost $ 2,479 $ (53 ) 311 $ 160 $ (8 ) 24 $ 2,639 $ (61 ) 335 20%-50% Below cost 7 (3 ) 1 5 (2 ) 1 12 (5 ) 2 Total for fixed maturity securities in an unrealized loss position $ 2,486 $ (56 ) 312 $ 165 $ (10 ) 25 $ 2,651 $ (66 ) 337 Investment grade $ 2,379 $ (50 ) 293 $ 82 $ (4 ) 15 $ 2,461 $ (54 ) 308 Below investment grade 107 (6 ) 19 83 (6 ) 10 190 (12 ) 29 Total for fixed maturity securities in an unrealized loss position $ 2,486 $ (56 ) 312 $ 165 $ (10 ) 25 $ 2,651 $ (66 ) 337 The following table presents the gross unrealized losses and fair values of our corporate securities for which an allowance for credit losses has not been recorded, 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 June 30, 2021: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number of Fair Gross Number of Fair Gross Number of Description of Securities U.S. corporate: Utilities $ 82 $ (5 ) 17 $ — $ — — $ 82 $ (5 ) 17 Energy 88 (4 ) 10 59 (5 ) 8 147 (9 ) 18 Finance and insurance 540 (13 ) 42 — — — 540 (13 ) 42 Consumer—non-cyclical 202 (4 ) 19 — — — 202 (4 ) 19 Technology and communications 219 (5 ) 22 — — — 219 (5 ) 22 Industrial 67 (1 ) 6 — — — 67 (1 ) 6 Capital goods 95 (1 ) 8 — — — 95 (1 ) 8 Consumer—cyclical 189 (4 ) 17 — — — 189 (4 ) 17 Subtotal, U.S. corporate securities 1,482 (37 ) 141 59 (5 ) 8 1,541 (42 ) 149 Non-U.S. corporate: Utilities 42 (1 ) 6 — — — 42 (1 ) 6 Finance and insurance 271 (6 ) 28 — — — 271 (6 ) 28 Consumer—non-cyclical — — — 6 (1 ) 1 6 (1 ) 1 Technology and Industrial 43 (1 ) 4 — — — 43 (1 ) 4 Capital goods — — — 29 (1 ) 6 29 (1 ) 6 Consumer—cyclical 32 (1 ) 8 — — — 32 (1 ) 8 Other 46 (3 ) 5 — — — 46 (3 ) 5 Subtotal, non-U.S. corporate securities 434 (12 ) 51 35 (2 ) 7 469 (14 ) 58 Total for corporate securities in an unrealized loss position $ 1,916 $ (49 ) 192 $ 94 $ (7 ) 15 $ 2,010 $ (56 ) 207 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, 2020: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number of Fair Gross Number of Fair Gross Number of Description of Securities Fixed maturity securities: State and political subdivisions $ 28 $ (1 ) 6 $ — $ — — $ 28 $ (1 ) 6 Non-U.S. government 44 (4 ) 5 — — — 44 (4 ) 5 U.S. corporate 345 (20 ) 59 33 (3 ) 4 378 (23 ) 63 Non-U.S. corporate 145 (4 ) 32 6 (1 ) 1 151 (5 ) 33 Commercial mortgage-backed 227 (11 ) 34 1 (1 ) 1 228 (12 ) 35 Other asset-backed 238 (2 ) 60 207 (2 ) 48 445 (4 ) 108 Total for fixed maturity securities in an unrealized loss position $ 1,027 $ (42 ) 196 $ 247 $ (7 ) 54 $ 1,274 $ (49 ) 250 % Below cost: <20% Below cost $ 1,017 $ (35 ) 194 $ 246 $ (6 ) 53 $ 1,263 $ (41 ) 247 20%-50% Below cost 10 (7 ) 2 1 (1 ) 1 11 (8 ) 3 Total for fixed maturity securities in an unrealized loss position $ 1,027 $ (42 ) 196 $ 247 $ (7 ) 54 $ 1,274 $ (49 ) 250 Investment grade $ 852 $ (23 ) 163 $ 207 $ (2 ) 48 $ 1,059 $ (25 ) 211 Below investment grade 175 (19 ) 33 40 (5 ) 6 215 (24 ) 39 Total for fixed maturity securities in an unrealized loss position $ 1,027 $ (42 ) 196 $ 247 $ (7 ) 54 $ 1,274 $ (49 ) 250 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, 2020: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number of Fair Gross Number of Fair Gross Number of Description of Securities U.S. corporate: Utilities $ 49 $ (2 ) 9 $ — $ — — $ 49 $ (2 ) 9 Energy 106 (13 ) 19 33 (3 ) 4 139 (16 ) 23 Finance and insurance 128 (2 ) 15 — — — 128 (2 ) 15 Consumer—non-cyclical 16 (1 ) 5 — — — 16 (1 ) 5 Transportation 46 (2 ) 11 — — — 46 (2 ) 11 Subtotal, U.S. corporate securities 345 (20 ) 59 33 (3 ) 4 378 (23 ) 63 Non-U.S. corporate: Energy 66 (1 ) 10 — — — 66 (1 ) 10 Consumer—non-cyclical — — — 6 (1 ) 1 6 (1 ) 1 Capital goods 31 (1 ) 8 — — — 31 (1 ) 8 Consumer—cyclical 15 (1 ) 6 — — — 15 (1 ) 6 Transportation 33 (1 ) 8 — — — 33 (1 ) 8 Subtotal, non-U.S. corporate securities 145 (4 ) 32 6 (1 ) 1 151 (5 ) 33 Total for corporate securities in an unrealized loss position $ 490 $ (24 ) 91 $ 39 $ (4 ) 5 $ 529 $ (28 ) 96
Maturity Distribution of Fixed Maturity Securities	The scheduled maturity distribution of fixed maturity securities as of June 30, 2021 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 $ 1,268 $ 1,291 Due after one year through five years 8,367 9,030 Due after five years through ten years 13,587 15,158 Due after ten years 23,342 29,211 Subtotal 46,564 54,690 Residential mortgage-backed 1,524 1,691 Commercial mortgage-backed 2,538 2,734 Other asset-backed 2,485 2,534 Total $ 53,111 $ 61,649
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: June 30, 2021 December 31, 2020 (Amounts in millions) Carrying % of Carrying % of Property type: Retail $ 2,693 39 % $ 2,442 36 % Industrial 1,558 23 1,638 24 Office 1,531 22 1,567 23 Apartments 573 8 529 8 Mixed use 298 4 286 4 Other 259 4 312 5 Subtotal 6,912 100 % 6,774 100 % Allowance for credit losses (33 ) (31 ) Total $ 6,879 $ 6,743 June 30, 2021 December 31, 2020 (Amounts in millions) Carrying % of Carrying % of Geographic region: South Atlantic $ 1,788 26 % $ 1,711 25 % Pacific 1,456 21 1,510 22 Middle Atlantic 988 14 994 15 Mountain 847 12 781 12 West North Central 466 7 467 7 West South Central 455 7 423 6 East North Central 447 6 441 6 New England 262 4 260 4 East South Central 203 3 187 3 Subtotal 6,912 100 % 6,774 100 % Allowance for credit losses (33 ) (31 ) Total $ 6,879 $ 6,743
Allowance for Credit Losses in Commercial Mortgage Loans	The following table sets forth the allowance for credit losses related to commercial mortgage loans as of or for the periods indicated: Three months ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Allowance for credit losses: Beginning balance $ 32 $ 29 $ 31 $ 13 Cumulative effect of change in accounting — — — 16 Provision 1 (1 ) 2 (1 ) Write-offs — — — — Recoveries — — — — Ending balance $ 33 $ 28 $ 33 $ 28
Commercial Mortgage Loans By Credit Quality Indicator	The following tables set forth commercial mortgage loans by year of origination and credit quality indicator as of June 30, 2021: (Amounts in millions) 2021 2020 2019 2018 2017 2016 and Total Debt-to-value: 0% - 50% $ 7 $ 59 $ 25 $ 102 $ 157 $ 2,151 $ 2,501 51% - 60% 19 51 88 344 236 810 1,548 61% - 75% 503 426 649 504 273 508 2,863 76% - 100% — — — — — — — Greater than 100% — — — — — — — Total amortized cost $ 529 $ 536 $ 762 $ 950 $ 666 $ 3,469 $ 6,912 Debt service coverage ratio: Less than 1.00 $ — $ — $ 8 $ 27 $ 12 $ 131 $ 178 1.00 - 1.25 3 52 67 53 42 283 500 1.26 - 1.50 91 81 230 200 57 383 1,042 1.51 - 2.00 385 281 289 441 302 1,153 2,851 Greater than 2.00 50 122 168 229 253 1,519 2,341 Total amortized cost $ 529 $ 536 $ 762 $ 950 $ 666 $ 3,469 $ 6,912
Loan To Value Ratio
Commercial Mortgage Loans By Credit Quality Indicator	The following tables set forth the debt-to-value of commercial mortgage loans by property type as of the dates indicated: June 30, 2021 (Amounts in millions) 0% - 50% 51% - 60% 61% - 75% 76% - 100% Greater Total Property type: Retail $ 920 $ 605 $ 1,168 $ — $ — $ 2,693 Industrial 716 324 518 — — 1,558 Office 468 452 611 — — 1,531 Apartments 225 77 271 — — 573 Mixed use 112 33 153 — — 298 Other 60 57 142 — — 259 Total amortized cost $ 2,501 $ 1,548 $ 2,863 $ — $ — $ 6,912 % of total 36 % 22 % 42 % — % — % 100 % Weighted-average debt service coverage ratio 2.39 1.84 1.62 — — 1.96 December 31, 2020 (Amounts in millions) 0% - 50% 51% - 60% 61% - 75% 76% - 100% Greater Total Property type: Retail $ 913 $ 639 $ 859 $ 29 $ 2 $ 2,442 Industrial 798 351 456 33 — 1,638 Office 523 431 595 18 — 1,567 Apartments 199 86 238 6 — 529 Mixed use 112 47 127 — — 286 Other 100 74 121 17 — 312 Total amortized cost $ 2,645 $ 1,628 $ 2,396 $ 103 $ 2 $ 6,774 % of total 39 % 24 % 35 % 2 % — % 100 % Weighted-average debt service coverage ratio 2.40 1.83 1.61 1.49 0.64 1.97
Debt Service Coverage Ratio
Commercial Mortgage Loans By Credit Quality Indicator	The following tables set forth the debt service coverage ratio for fixed rate commercial mortgage loans by property type as of the dates indicated: June 30, 2021 (Amounts in millions) Less than 1.00 1.00 - 1.25 1.26 - 1.50 1.51 - 2.00 Greater Total Property type: Retail $ 51 $ 163 $ 529 $ 1,190 $ 760 $ 2,693 Industrial 20 78 136 597 727 1,558 Office 70 90 169 658 544 1,531 Apartments 8 22 126 250 167 573 Mixed use 5 23 45 128 97 298 Other 24 124 37 28 46 259 Total amortized cost $ 178 $ 500 $ 1,042 $ 2,851 $ 2,341 $ 6,912 % of total 3 % 7 % 15 % 41 % 34 % 100 % Weighted-average debt-to-value 58 % 61 % 62 % 59 % 44 % 54 % December 31, 2020 (Amounts in millions) Less than 1.00 1.00 - 1.25 1.26 - 1.50 1.51 - 2.00 Greater Total Property type: Retail $ 55 $ 169 $ 483 $ 969 $ 766 $ 2,442 Industrial 21 85 143 616 773 1,638 Office 101 99 170 634 563 1,567 Apartments 9 24 126 228 142 529 Mixed use 5 24 29 115 113 286 Other 25 125 41 28 93 312 Total amortized cost $ 216 $ 526 $ 992 $ 2,590 $ 2,450 $ 6,774 % of total 3 % 8 % 15 % 38 % 36 % 100 % Weighted-average debt-to-value 57 % 62 % 62 % 57 % 44 % 53 %

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
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 Balance sheet Fair value Balance sheet Fair value (Amounts in millions) June 30, December 31, June 30, December 31, Derivatives designated as hedges Cash flow hedges: Interest rate swaps Other invested assets $ 280 $ 468 Other liabilities $ 53 $ 23 Foreign currency swaps Other invested assets 2 1 Other liabilities 2 2 Total cash flow hedges 282 469 55 25 Total derivatives designated as hedges 282 469 55 25 Derivatives not designated as hedges Equity index options Other invested assets 47 63 Other liabilities — — Financial futures Other invested assets — — Other liabilities — — Other foreign currency contracts Other invested assets 24 42 Other liabilities — 1 GMWB embedded derivatives Reinsurance recoverable (1) 18 26 Policyholder account balances (2) 275 379 Fixed index annuity embedded derivatives Other assets — — Policyholder account balances (3) 339 399 Indexed universal life embedded derivatives Reinsurance recoverable — — Policyholder account balances (4) 24 26 Total derivatives not designated as hedges 89 131 638 805 Total derivatives $ 371 $ 600 $ 693 $ 830 (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/ June 30, Derivatives designated as hedges Cash flow hedges: Interest rate swaps Notional $ 8,178 $ — $ (405 ) $ 7,773 Foreign currency swaps Notional 127 — — 127 Total cash flow hedges 8,305 — (405 ) 7,900 Total derivatives designated as hedges 8,305 — (405 ) 7,900 Derivatives not designated as hedges Interest rate swaps Notional 4,674 — (4,674 ) — Equity index options Notional 2,000 614 (803 ) 1,811 Financial futures Notional 1,104 1,972 (2,116 ) 960 Other foreign currency contracts Notional 1,186 22 (536 ) 672 Total derivatives not designated as hedges 8,964 2,608 (8,129 ) 3,443 Total derivatives $ 17,269 $ 2,608 $ (8,534 ) $ 11,343 (Number of policies) Measurement December 31, Additions Maturities/ June 30, Derivatives not designated as hedges GMWB embedded derivatives Policies 23,713 — (982 ) 22,731 Fixed index annuity embedded derivatives Policies 12,778 — (1,944 ) 10,834 Indexed universal life embedded derivatives Policies 842 — (22 ) 820
Schedule of Pre-Tax Income (Loss) Effects of Cash Flow Hedges	The following table provides information about the pre-tax income (loss) effects of cash flow hedges for the three months ended June 30, 2021: (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ 314 $ 52 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging liabilities (8 ) — Interest expense — Net investment gains (losses) Foreign currency swaps 3 — Net investment income — Net investment gains (losses) Total $ 309 $ 52 $ — The following table provides information about the pre-tax income (loss) effects of cash flow hedges for the three months ended June 30, 2020: (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ (57 ) $ 46 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging liabilities 1 — Interest expense — Net investment gains (losses) Foreign currency swaps (4 ) — Net investment income — Net investment gains (losses) Total $ (60 ) $ 46 $ — The following table provides information about the pre-tax income (loss) effects of cash flow hedges for the six months ended June 30, 2021: (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ (215 ) $ 104 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging liabilities 36 — Interest expense — Net investment gains (losses) Foreign currency swaps 1 — Net investment income — Net investment gains (losses) Total $ (178 ) $ 104 $ — The following table provides information about the pre-tax income (loss) effects of cash flow hedges for the six months ended June 30, 2020: (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ 984 $ 89 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 (62 ) — Interest expense — Net investment gains (losses) Foreign currency swaps 13 — Net investment income — Net investment gains (losses) Total $ 935 $ 93 $ —
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) 2021 2020 Derivatives qualifying as effective accounting hedges as of April 1 $ 1,792 $ 2,755 Current period increases (decreases) in fair value, net of deferred taxes of $(64) and $12 245 (48 ) Reclassification to net (income) loss, net of deferred taxes of $18 and $16 (34 ) (30 ) Derivatives qualifying as effective accounting hedges as of June 30 $ 2,003 $ 2,677 Six months ended (Amounts in millions) 2021 2020 Derivatives qualifying as effective accounting hedges as of January 1 $ 2,211 $ 2,002 Current period increases (decreases) in fair value, net of deferred taxes of $38 and $(200) (140 ) 735 Reclassification to net (income) loss, net of deferred taxes of $36 and $33 (68 ) (60 ) Derivatives qualifying as effective accounting hedges as of June 30 $ 2,003 $ 2,677
Schedule of Pre-Tax Gain (Loss) Recognized in Net Income (loss) for Effects of Derivatives Not Designated as Hedges	The following table provides the pre-tax gain (loss) recognized in net income (loss) for the effects of derivatives not designated as hedges for the periods indicated: Three months ended June 30, Classification of gain (loss) in net income (loss) (Amounts in millions) 2021 2020 Interest rate swaps $ (1 ) $ (2 ) Net investment gains (losses) Equity index options 6 4 Net investment gains (losses) Financial futures 8 (123 ) Net investment gains (losses) Other foreign currency contracts — (2 ) Net investment gains (losses) GMWB embedded derivatives 2 129 Net investment gains (losses) Fixed index annuity embedded derivatives (14 ) (45 ) Net investment gains (losses) Indexed universal life embedded derivatives 3 3 Net investment gains (losses) Total derivatives not designated as hedges $ 4 $ (36 ) Six months ended June 30, Classification of gain (loss) in net income (loss) (Amounts in millions) 2021 2020 Interest rate swaps $ 3 $ (12 ) Net investment gains (losses) Equity index options 9 (9 ) Net investment gains (losses) Financial futures (102 ) 138 Net investment gains (losses) Other foreign currency contracts — 8 Net investment gains (losses) GMWB embedded derivatives 107 (207 ) Net investment gains (losses) Fixed index annuity embedded derivatives (18 ) (13 ) Net investment gains (losses) Indexed universal life embedded derivatives 13 7 Net investment gains (losses) Total derivatives not designated as hedges $ 12 $ (88 )
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: June 30, 2021 December 31, 2020 (Amounts in millions) Derivative (1) Derivative (1) Net Derivative (1) Derivative (1) Net Amounts presented in the balance sheet: Gross amounts recognized $ 353 $ 55 $ 298 $ 574 $ 26 $ 548 Gross amounts offset in the balance sheet — — — — — — Net amounts presented in the balance sheet 353 55 298 574 26 548 Gross amounts not offset in the balance sheet: Financial instruments (2) (42 ) (42 ) — (20 ) (20 ) — Collateral received (238 ) — (238 ) (401 ) — (401 ) Collateral pledged — (625 ) 625 — (505 ) 505 Over collateralization 3 612 (609 ) 2 499 (497 ) Net amount $ 76 $ — $ 76 $ 155 $ — $ 155 (1) Does not include amounts related to embedded derivatives as of June 30, 2021 and December 31, 2020. (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)	6 Months Ended
	Jun. 30, 2021
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 pricing services for certain fair value measurements of fixed maturity securities that are classified as Level 2 as of June 30, 2021: (Amounts in millions) Fair value Primary methodologies Significant inputs U.S. government, agencies andgovernment-sponsored enterprises $ 4,484 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 $ 3,296 Multi-dimensional attribute-based modeling systems, third-party pricing vendors Trade prices, material event notices, Municipal Market Data benchmark yields, broker quotes Non-U.S. government $ 802 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 $ 31,509 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. corporate $ 8,510 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 $ 1,678 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 $ 2,714 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 $ 2,446 Multi-dimensional attribute-based modeling systems, spread matrix priced to swap curves, price quotes from market makers Spreads to daily updated swap 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 date s June 30, 2021 (Amounts in millions) Total Level 1 Level 2 Level 3 NAV (1) Assets Investments: Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 4,484 $ — $ 4,484 $ — $ — State and political subdivisions 3,371 — 3,296 75 — Non-U.S. government 802 — 802 — — U.S. corporate: Utilities 5,091 — 4,249 842 — Energy 2,952 — 2,875 77 — Finance and insurance 8,989 — 8,328 661 — Consumer—non-cyclical 6,224 — 6,115 109 — Technology and communications 3,754 — 3,724 30 — Industrial 1,572 — 1,552 20 — Capital goods 2,870 — 2,811 59 — Consumer—cyclical 1,994 — 1,855 139 — Transportation 1,409 — 1,342 67 — Other 434 — 236 198 — Total U.S. corporate 35,289 — 33,087 2,202 — Non-U.S. corporate: Utilities 945 — 597 348 — Energy 1,399 — 1,247 152 — Finance and insurance 2,400 — 2,198 202 — Consumer—non-cyclical 745 — 671 74 — Technology and communications 1,284 — 1,256 28 — Industrial 1,140 — 1,046 94 — Capital goods 642 — 461 181 — Consumer—cyclical 353 — 206 147 — Transportation 541 — 458 83 — Other 1,295 — 1,242 53 — Total non-U.S. corporate 10,744 — 9,382 1,362 — Residential mortgage-backed 1,691 — 1,678 13 — Commercial mortgage-backed 2,734 — 2,714 20 — Other asset-backed 2,534 — 2,446 88 — Total fixed maturity securities 61,649 — 57,889 3,760 — Equity securities 147 48 61 38 — Other invested assets: Derivative assets: Interest rate swaps 280 — 280 — — Foreign currency swaps 2 — 2 — — Equity index options 47 — — 47 — Other foreign currency contracts 24 — 24 — — Total derivative assets 353 — 306 47 — Securities lending collateral 105 — 105 — — Short-term investments 121 — 121 — — Limited partnerships 1,070 — — — 1,070 Total other invested assets 1,649 — 532 47 1,070 Reinsurance recoverable (2) 18 — — 18 — Separate account assets 6,202 6,202 — — — Total assets $ 69,665 $ 6,250 $ 58,482 $ 3,863 $ 1,070 (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. December 31, 2020 (Amounts in millions) Total Level 1 Level 2 Level 3 NAV (1) Assets Investments: Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 4,805 $ — $ 4,805 $ — $ — State and political subdivisions 3,165 — 3,099 66 — Non-U.S. government 854 — 854 — — U.S. corporate: Utilities 5,194 — 4,352 842 — Energy 2,883 — 2,755 128 — Finance and insurance 9,102 — 8,495 607 — Consumer—non-cyclical 6,437 — 6,328 109 — Technology and communications 3,761 — 3,714 47 — Industrial 1,602 — 1,562 40 — Capital goods 2,991 — 2,931 60 — Consumer—cyclical 1,947 — 1,797 150 — Transportation 1,500 — 1,430 70 — Other 440 — 221 219 — Total U.S. corporate 35,857 — 33,585 2,272 — Non-U.S. corporate: Utilities 922 — 570 352 — Energy 1,380 — 1,135 245 — Finance and insurance 2,476 — 2,171 305 — Consumer—non-cyclical 773 — 706 67 — Technology and communications 1,291 — 1,263 28 — Industrial 1,128 — 1,033 95 — Capital goods 576 — 398 178 — Consumer—cyclical 371 — 225 146 — Transportation 570 — 461 109 — Other 1,324 — 1,241 83 — Total non-U.S. corporate 10,811 — 9,203 1,608 — Residential mortgage-backed 1,909 — 1,895 14 — Commercial mortgage-backed 2,974 — 2,954 20 — Other asset-backed 3,120 — 3,011 109 — Total fixed maturity securities 63,495 — 59,406 4,089 — Equity securities 386 276 59 51 — Other invested assets: Derivative assets: Interest rate swaps 468 — 468 — — Foreign currency swaps 1 — 1 — — Equity index options 63 — — 63 — Other foreign currency contracts 42 — 42 — — Total derivative assets 574 — 511 63 — Securities lending collateral 67 — 67 — — Short-term investments 45 25 20 — — Limited partnerships 835 — — — 835 Total other invested assets 1,521 25 598 63 835 Reinsurance recoverable (2) 26 — — 26 — Separate account assets 6,081 6,081 — — — Total assets $ 71,509 $ 6,382 $ 60,063 $ 4,229 $ 835 (1) Limited partnerships that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities.
Assets Measured at Fair Value on Recurring Basis and Utilized Significant Unobservable (Level 3) Inputs to Determine Fair Value	The following tables present additional information about assets measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value as of or for the dates indicated: (Amounts in millions) Beginning as of Total realized and Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Ending as of Total gains Included Included Included Included Fixed maturity securities: State and political subdivisions $ 68 $ 1 $ 6 $ — $ — $ — $ — $ — $ — $ 75 $ 1 $ 6 U.S. corporate: Utilities 793 — 23 8 — — (1 ) 19 — 842 — 23 Energy 122 — 8 — — — (1 ) — (52 ) 77 — 4 Finance and insurance 597 — 17 55 — — (8 ) — — 661 — 17 Consumer—non-cyclical 106 — 2 — — — (2 ) 3 — 109 — 1 Technology and communications 40 — 2 — — — — — (12 ) 30 — 1 Industrial 20 — — — — — — — — 20 — — Capital goods 58 — 1 — — — — — — 59 — 1 Consumer—cyclical 147 — 1 — — — (1 ) — (8 ) 139 — 1 Transportation 67 — 1 — — — (1 ) — — 67 — 1 Other 200 — — — — — (2 ) — — 198 — 1 Total U.S. corporate 2,150 — 55 63 — — (16 ) 22 (72 ) 2,202 — 50 Non-U.S. corporate: Utilities 375 — 5 — — — (8 ) — (24 ) 348 — 4 Energy 243 — 10 — — — (22 ) — (79 ) 152 — 5 Finance and insurance 290 — 17 — (2 ) — (52 ) — (51 ) 202 1 5 Consumer—non-cyclical 66 — — 8 — — — — — 74 — — Technology and communications 28 — — — — — — — — 28 — — Industrial 93 — 1 — — — — — — 94 — 1 Capital goods 175 — 1 5 — — — — — 181 — 2 Consumer—cyclical 144 — 2 1 — — — — — 147 — 2 Transportation 82 — 1 — — — — — — 83 — 2 Other 80 — 1 — — — (13 ) — (15 ) 53 — 1 Total non-U.S. corporate 1,576 — 38 14 (2 ) — (95 ) — (169 ) 1,362 1 22 Residential mortgage-backed 13 — 1 — — — (1 ) — — 13 — — Commercial mortgage-backed 19 — — 1 — — — — — 20 — 1 Other asset-backed 96 — 1 — — — (5 ) — (4 ) 88 — 1 Total fixed maturity securities 3,922 1 101 78 (2 ) — (117 ) 22 (245 ) 3,760 2 80 Equity securities 43 — — — — — (5 ) — — 38 — — Other invested assets: Derivative assets: Equity index options 53 6 — 5 — — (17 ) — — 47 2 — Total derivative assets 53 6 — 5 — — (17 ) — — 47 2 — Total other invested assets 53 6 — 5 — — (17 ) — — 47 2 — Reinsurance recoverable (2) 18 (1 ) — — — 1 — — — 18 (1 ) — Total Level 3 assets $ 4,036 $ 6 $ 101 $ 83 $ (2 ) $ 1 $ (139 ) $ 22 $ (245 ) $ 3,863 $ 3 $ 80 (1) The transfers into and out of Level 3 for fixed maturity securities were related to changes in the primary pricing source and changes in the observability of external information used in determining the fair value, such as external ratings or credit spreads, as well as changes in the industry sectors assigned to specific securities. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities. (Amounts in millions) Beginning Total realized and Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Ending Total gains (losses) Included Included Included Included Fixed maturity securities: State and political subdivisions $ 83 $ — $ 7 $ — $ — $ — $ — $ — $ (27 ) $ 63 $ 1 $ 6 Non-U.S. government 1 — — — — — (1 ) — — — — — U.S. corporate: Utilities 843 — 37 32 — — (2 ) 26 — 936 — 37 Energy 124 1 13 — — — (2 ) — (13 ) 123 — 9 Finance and insurance 510 — 33 21 — — (12 ) — (1 ) 551 — 33 Consumer—non-cyclical 88 — 8 8 — — (1 ) — — 103 — 8 Technology and communications 61 — 5 — — — — — — 66 — 5 Industrial 37 — 2 — — — — — — 39 — 2 Capital goods 90 — 7 — — — — — — 97 — 7 Consumer—cyclical 179 — 11 — — — (1 ) 9 — 198 — 11 Transportation 43 — 2 — — — (1 ) 10 — 54 — 2 Other 138 — 2 — — — (2 ) 27 — 165 — 2 Total U.S. corporate 2,113 1 120 61 — — (21 ) 72 (14 ) 2,332 — 116 Non-U.S. corporate: Utilities 355 — 23 1 — — — — (22 ) 357 — 23 Energy 236 — 22 — — — (26 ) 5 — 237 — 22 Finance and insurance 223 1 50 — — — — 37 — 311 1 49 Consumer—non-cyclical 58 — 5 — — — — — (9 ) 54 — 4 Technology and communications 27 — 1 — — — — — — 28 — 1 Industrial 92 — 8 — — — — — (8 ) 92 — 7 Capital goods 135 — 9 — — — — 29 — 173 — 9 Consumer—cyclical 164 — 12 — — — (3 ) — (17 ) 156 — 11 Transportation 108 — 11 — — — — 22 — 141 — 11 Other 131 — 9 5 — — — — — 145 — 9 Total non-U.S. corporate 1,529 1 150 6 — — (29 ) 93 (56 ) 1,694 1 146 Residential mortgage-backed 24 — 1 — — — (1 ) 3 (3 ) 24 — — Commercial mortgage-backed — — 1 — — — — 20 — 21 — 1 Other asset-backed 87 — 2 2 — — (1 ) — — 90 — 3 Total fixed maturity securities 3,837 2 281 69 — — (53 ) 188 (100 ) 4,224 2 272 Equity securities 50 — — 6 (3 ) — — — — 53 — — Other invested assets: Derivative assets: Equity index options 62 4 — 7 — — (7 ) — — 66 8 — Total derivative assets 62 4 — 7 — — (7 ) — — 66 8 — Total other invested assets 62 4 — 7 — — (7 ) — — 66 8 — Reinsurance recoverable (2) 47 (9 ) — — — — — — — 38 (9 ) — Total Level 3 assets $ 3,996 $ (3 ) $ 281 $ 82 $ (3 ) $ — $ (60 ) $ 188 $ (100 ) $ 4,381 $ 1 $ 272 (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 fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value as of or for the dates indicated: (Amounts in millions) Beginning Total realized Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Ending Total gains (losses) Included Included Included Included Fixed maturity securities: State and political subdivisions $ 66 $ 2 $ 7 $ — $ — $ — $ — $ — $ — $ 75 $ 2 $ 7 U.S. corporate: Utilities 842 — (7 ) 16 — — (14 ) 19 (14 ) 842 — (6 ) Energy 128 — 4 — — — (3 ) — (52 ) 77 — — Finance and insurance 607 — (5 ) 73 — — (25 ) 17 (6 ) 661 — (5 ) Consumer—non-cyclical 109 — (1 ) — — — (2 ) 3 — 109 — (2 ) Technology and communications 47 — — 12 — — — 4 (33 ) 30 — (1 ) Industrial 40 — — — — — (20 ) — — 20 — — Capital goods 60 — (1 ) — — — — — — 59 — (1 ) Consumer—cyclical 150 — (1 ) — — — (2 ) — (8 ) 139 — (1 ) Transportation 70 — — — — — (3 ) — — 67 — — Other 219 — (2 ) — — — (5 ) 6 (20 ) 198 — — Total U.S. corporate 2,272 — (13 ) 101 — — (74 ) 49 (133 ) 2,202 — (16 ) Non-U.S. corporate: Utilities 352 — (2 ) 30 — — (8 ) — (24 ) 348 — (3 ) Energy 245 — 8 — — — (22 ) — (79 ) 152 — 3 Finance and insurance 305 1 1 — (2 ) — (52 ) — (51 ) 202 2 (11 ) Consumer—non-cyclical 67 — (1 ) 8 — — — — — 74 — (1 ) Technology and communications 28 — — — — — — — — 28 — — Industrial 95 — (1 ) — — — — — — 94 — (1 ) Capital goods 178 — (2 ) 5 — — — — — 181 — (1 ) Consumer—cyclical 146 — — 17 — — — — (16 ) 147 — — Transportation 109 — — — — — (19 ) — (7 ) 83 — 1 Other 83 — (1 ) — — — (14 ) — (15 ) 53 — (1 ) Total non-U.S. corporate 1,608 1 2 60 (2 ) — (115 ) — (192 ) 1,362 2 (14 ) Residential mortgage-backed 14 — — — — — (1 ) — — 13 — — Commercial mortgage-backed 20 — (1 ) 1 — — — — — 20 — (1 ) Other asset-backed 109 — 1 3 — — (9 ) 2 (18 ) 88 — 1 Total fixed maturity securities 4,089 3 (4 ) 165 (2 ) — (199 ) 51 (343 ) 3,760 4 (23 ) Equity securities 51 — — — (8 ) — (5 ) — — 38 — — Other invested assets: Derivative assets: Equity index options 63 9 — 10 — — (35 ) — — 47 4 — Total derivative assets 63 9 — 10 — — (35 ) — — 47 4 — Total other invested assets 63 9 — 10 — — (35 ) — — 47 4 — Reinsurance recoverable (2) 26 (9 ) — — — 1 — — — 18 (9 ) — Total Level 3 assets $ 4,229 $ 3 $ (4 ) $ 175 $ (10 ) $ 1 $ (239 ) $ 51 $ (343 ) $ 3,863 $ (1 ) $ (23 ) (1) The transfers into and out of Level 3 for fixed maturity securities were related to changes in the primary pricing source and changes in the observability of external information used in determining the fair value, such as external ratings or credit spreads, as well as changes in the industry sectors assigned to specific securities. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities. (Amounts in millions) Beginning Total realized Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Ending Total gains (losses) Included Included Included Included Fixed maturity securities: State and political subdivisions $ 102 $ 1 $ (12 ) $ — $ — $ — $ (1 ) $ — $ (27 ) $ 63 $ 2 $ (13 ) Non-U.S. government — — — — — — (1 ) 1 — — — — U.S. corporate: Utilities 865 — 12 32 — — (2 ) 42 (13 ) 936 — 14 Energy 129 1 (2 ) 10 (21 ) — (3 ) 22 (13 ) 123 — (5 ) Finance and insurance 572 2 2 21 — — (24 ) — (22 ) 551 — 5 Consumer—non-cyclical 94 — 2 8 — — (1 ) — — 103 — 2 Technology and communications 50 — 1 20 — — — — (5 ) 66 — 2 Industrial 40 — (1 ) — — — — — — 39 — (1 ) Capital goods 102 — (1 ) — — — (4 ) — — 97 — (1 ) Consumer—cyclical 173 — 4 — — — (3 ) 24 — 198 — 4 Transportation 78 — (2 ) — — — (2 ) 10 (30 ) 54 — 1 Other 136 — 1 5 — — (4 ) 27 — 165 — 1 Total U.S. corporate 2,239 3 16 96 (21 ) — (43 ) 125 (83 ) 2,332 — 22 Non-U.S. corporate: Utilities 374 — 3 12 — — — 21 (53 ) 357 — 3 Energy 247 — (8 ) — — — (26 ) 24 — 237 — (8 ) Finance and insurance 234 2 9 15 — — — 58 (7 ) 311 2 10 Consumer—non-cyclical 59 — 2 8 — — — 1 (16 ) 54 — 1 Technology and communications 28 — — — — — — — — 28 — — Industrial 104 — 1 — — — (5 ) — (8 ) 92 — — Capital goods 161 1 (2 ) — — — (16 ) 29 — 173 — (1 ) Consumer—cyclical 147 — (3 ) 4 — — (7 ) 32 (17 ) 156 — (5 ) Transportation 191 — 2 — — — — 22 (74 ) 141 — 6 Other 140 — — 5 — — (1 ) 1 — 145 — — Total non-U.S. corporate 1,685 3 4 44 — — (55 ) 188 (175 ) 1,694 2 6 Residential mortgage-backed 27 — — — — — (1 ) 4 (6 ) 24 — — Commercial mortgage-backed 6 — 2 — — — — 20 (7 ) 21 — 1 Other asset-backed 93 — (2 ) 8 — — (8 ) — (1 ) 90 — (2 ) Total fixed maturity securities 4,152 7 8 148 (21 ) — (109 ) 338 (299 ) 4,224 4 14 Equity securities 51 — — 6 (4 ) — — — — 53 — — Other invested assets: Derivative assets: Equity index options 81 (9 ) — 18 — — (24 ) — — 66 5 — Total derivative assets 81 (9 ) — 18 — — (24 ) — — 66 5 — Total other invested assets 81 (9 ) — 18 — — (24 ) — — 66 5 — Reinsurance recoverable (2) 20 17 — — — 1 — — — 38 17 — Total Level 3 assets $ 4,304 $ 15 $ 8 $ 172 $ (25 ) $ 1 $ (133 ) $ 338 $ (299 ) $ 4,381 $ 26 $ 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.
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 (loss) 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 ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Total realized and unrealized gains (losses) included in net income (loss): Net investment income $ 1 $ 2 $ 3 $ 6 Net investment gains (losses) 5 (5 ) — 9 Total $ 6 $ (3 ) $ 3 $ 15 Total gains (losses) included in net income (loss) attributable to assets still held: Net investment income $ 2 $ 2 $ 4 $ 4 Net investment gains (losses) 1 (1 ) (5 ) 22 Total $ 3 $ 1 $ (1 ) $ 26
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 June 30, 2021: (Amounts in millions) Valuation Fair Unobservable Range Weighted- (1) Fixed maturity securities: U.S. corporate: Utilities Internal models $ 807 Credit spreads 47bps - 210bps 124bps Energy Internal models 66 Credit spreads 57bps - 203bps 128bps Finance and insurance Internal models 644 Credit spreads 44bps - 171bps 113bps Consumer—non-cyclical Internal models 109 Credit spreads 52bps - 203bps 117bps Technology and communications Internal models 30 Credit spreads 72bps - 150bps 122bps Industrial Internal models 21 Credit spreads 85bps - 159bps 127bps Capital goods Internal models 59 Credit spreads 62bps - 159bps 112bps Consumer—cyclical Internal models 138 Credit spreads 81bps - 156bps 122bps Transportation Internal models 55 Credit spreads 46bps - 134bps 87bps Other Internal models 177 Credit spreads 63bps - 143bps 82bps Total U.S. corporate Internal models $ 2,106 Credit spreads 44bps - 210bps 115bps Non-U.S. corporate: Utilities Internal models $ 347 Credit spreads 58bps - 210bps 109bps Energy Internal models 140 Credit spreads 62bps - 187bps 113bps Finance and insurance Internal models 160 Credit spreads 78bps - 111bps 93bps Consumer—non-cyclical Internal models 72 Credit spreads 52bps - 121bps 89bps Technology and communications Internal models 28 Credit spreads 62bps - 106bps 89bps Industrial Internal models 94 Credit spreads 57bps - 156bps 98bps Capital goods Internal models 152 Credit spreads 52bps - 187bps 100bps Consumer—cyclical Internal models 61 Credit spreads 81bps - 156bps 111bps Transportation Internal models 83 Credit spreads 52bps - 156bps 85bps Other Internal models 54 Credit spreads 66bps - 343bps 123bps Total non-U.S. corporate Internal models $ 1,191 Credit spreads 52bps - 343bps 103bps Derivative assets: Equity index options Discounted cash flows $ 47 Equity index 6% - 48% 27% (1) Unobservable inputs weighted by the relative fair value of the associated instrument for fixed maturity securities and by notional for derivative assets.
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: June 30, 2021 (Amounts in millions) Total Level 1 Level 2 Level 3 Liabilities Policyholder account balances: GMWB embedded derivatives (1) $ 275 $ — $ — $ 275 Fixed index annuity embedded derivatives 339 — — 339 Indexed universal life embedded derivatives 24 — — 24 Total policyholder account balances 638 — — 638 Derivative liabilities: Interest rate swaps 53 — 53 — Foreign currency swaps 2 — 2 — Total derivative liabilities 55 — 55 — Total liabilities $ 693 $ — $ 55 $ 638 (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. December 31, 2020 (Amounts in millions) Total Level 1 Level 2 Level 3 Liabilities Policyholder account balances: GMWB embedded derivatives (1) $ 379 $ — $ — $ 379 Fixed index annuity embedded derivatives 399 — — 399 Indexed universal life embedded derivatives 26 — — 26 Total policyholder account balances 804 — — 804 Derivative liabilities: Interest rate swaps 23 — 23 — Foreign currency swaps 2 — 2 — Other foreign currency contracts 1 — 1 — Total derivative liabilities 26 — 26 — Total liabilities $ 830 $ — $ 26 $ 804 (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
Liabilities Measured at Fair Value on Recurring Basis and Utilized Significant Unobservable (Level 3) Inputs to Determine Fair Value	The following tables present additional information about liabilities measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value as of or for the dates indicated: Beginning as of Total realized and Transfer Transfer Ending as of Total (gains) (Amounts in millions) Included Included Purchases Sales Issuances Settlements Included Included Policyholder account balances: GMWB embedded derivatives (1) $ 272 $ (3 ) $ — $ — $ — $ 6 $ — $ — $ — $ 275 $ (4 ) $ — Fixed index annuity embedded derivatives 362 14 — — — — (37 ) — — 339 14 — Indexed universal life embedded derivatives 23 (3 ) — — — 4 — — — 24 (3 ) — Total policyholder account balances 657 8 — — — 10 (37 ) — — 638 7 — Total Level 3 liabilities $ 657 $ 8 $ — $ — $ — $ 10 $ (37 ) $ — $ — $ 638 $ 7 $ — (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) (Amounts in millions) Included Included Purchases Sales Issuances Settlements Included Included Policyholder account balances: GMWB embedded derivatives (1) $ 691 $ (138 ) $ — $ — $ — $ 6 $ — $ — $ — $ 559 $ (137 ) $ — Fixed index annuity embedded derivatives 413 45 — — — — (11 ) — — 447 45 — Indexed universal life embedded derivatives 21 (3 ) — — — 5 — — — 23 (3 ) — Total policyholder account balances 1,125 (96 ) — — — 11 (11 ) — — 1,029 (95 ) — Total Level 3 liabilities $ 1,125 $ (96 ) $ — $ — $ — $ 11 $ (11 ) $ — $ — $ 1,029 $ (95 ) $ — (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 Transfer Transfer Ending as of Total (gains) (Amounts in millions) Included Included Purchases Sales Issuances Settlements Included Included Policyholder account balances: GMWB embedded derivatives (1) $ 379 $ (116 ) $ — $ — $ — $ 12 $ — $ — $ — $ 275 $ (111 ) $ — Fixed index annuity embedded derivatives 399 18 — — — — (78 ) — — 339 18 — Indexed universal life embedded derivatives 26 (13 ) — — — 11 — — — 24 (13 ) — Total policyholder account balances 804 (111 ) — — — 23 (78 ) — — 638 (106 ) — Total Level 3 liabilities $ 804 $ (111 ) $ — $ — $ — $ 23 $ (78 ) $ — $ — $ 638 $ (106 ) $ — (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) (Amounts in millions) Included Included Purchases Sales Issuances Settlements Included Included Policyholder account balances: GMWB embedded derivatives (1) $ 323 $ 224 $ — $ — $ — $ 12 $ — $ — $ — $ 559 $ 231 $ — Fixed index annuity embedded derivatives 452 13 — — — — (18 ) — — 447 13 — Indexed universal life embedded derivatives 19 (7 ) — — — 11 — — — 23 (7 ) — Total policyholder account balances 794 230 — — — 23 (18 ) — — 1,029 237 — Total Level 3 liabilities $ 794 $ 230 $ — $ — $ — $ 23 $ (18 ) $ — $ — $ 1,029 $ 237 $ — (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) loss 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 ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Total realized and unrealized (gains) losses included in net (income) loss: Net investment income $ — $ — $ — $ — Net investment (gains) losses 8 (96 ) (111 ) 230 Total $ 8 $ (96 ) $ (111 ) $ 230 Total (gains) losses included in net (income) loss attributable to liabilities still held: Net investment income $ — $ — $ — $ — Net investment (gains) losses 7 (95 ) (106 ) 237 Total $ 7 $ (95 ) $ (106 ) $ 237
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 June 30, 2021: (Amounts in millions) Valuation technique Fair Unobservable input Range Weighted- (1) Policyholder account balances: Withdrawal utilization rate 59% - 88% 75% Lapse rate 2% - 9% 4% Non-performance risk 14bps - 83bps 65bps GMWB embedded derivatives (2) Stochastic cash flow model $ 275 Equity index volatility 16% - 26% 22% Fixed index annuity embedded derivatives Option budget method $ 339 Expected future interest credited — % - 3% 1% Indexed universal life embedded derivatives Option budget method $ 24 Expected future interest credited 3% - 9% 5% (1) Unobservable inputs weighted by the policyholder account balances associated with the instrument. (2) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. The unobservable inputs associated with GMWB embedded derivatives are not interrelated and therefore, a directional change in one input will not affect the other inputs.
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: June 30, 2021 Notional amount Carrying amount Fair value (Amounts in millions) Total Level 1 Level 2 Level 3 Assets: Commercial mortgage loans, net (1) $ 6,879 $ 7,270 $ — $ — $ 7,270 Bank loan investments (1) 308 314 — — 314 Liabilities: Long-term borrowings (1) 2,924 2,813 — 2,813 — Investment contracts (1) 9,360 10,172 — — 10,172 Other firm commitments: Commitments to fund limited partnerships 1,187 — — — — — Commitments to fund bank loan investments 273 — — — — — Ordinary course of business lending commitments 156 — — — — — (1) These financial instruments do not have notional amounts. December 31, 2020 Notional amount Carrying amount Fair value (Amounts in millions) Total Level 1 Level 2 Level 3 Assets: Commercial mortgage loans, net (1) $ 6,743 $ 7,145 $ — $ — $ 7,145 Bank loan investments (1) 344 354 — — 354 Liabilities: Long-term borrowings (1) 3,403 3,090 — 3,090 — Investment contracts (1) 10,276 11,353 — — 11,353 Other firm commitments: Commitments to fund limited partnerships 1,090 — — — — — Commitments to fund bank loan investments 32 — — — — — Ordinary course of business lending commitments 117 — — — — — (1) These financial instruments do not have notional amounts.

Liability for Policy and Cont_2

Liability for Policy and Contract Claims (Tables)	6 Months Ended
	Jun. 30, 2021
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 six (Amounts in millions) 2021 2020 Beginning balance $ 11,486 $ 10,750 Less reinsurance recoverables (2,431 ) (2,406 ) Net beginning balance 9,055 8,344 Incurred related to insured events of: Current year 1,991 2,178 Prior years (332 ) (258 ) Total incurred 1,659 1,920 Paid related to insured events of: Current year (477 ) (434 ) Prior years (1,255 ) (1,298 ) Total paid (1,732 ) (1,732 ) Interest on liability for policy and contract claims 202 205 Foreign currency translation — (2 ) Net ending balance 9,184 8,735 Add reinsurance recoverables 2,362 2,319 Ending balance $ 11,546 $ 11,054

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2021
Schedule of Long Term Borrowings	The following table sets forth total long-term borrowings as of the dates indicated: (Amounts in millions) June 30, December 31, Genworth Holdings (1) 7.20% Senior Notes, due 2021 $ — $ 338 7.625% Senior Notes, due 2021 514 660 4.90% Senior Notes, due 2023 400 400 4.80% Senior Notes, due 2024 400 400 6.50% Senior Notes, due 2034 297 297 Floating Rate Junior Subordinated Notes, due 2066 598 598 Subtotal 2,209 2,693 Bond consent fees (16 ) (19 ) Deferred borrowing charges (8 ) (9 ) Total Genworth Holdings 2,185 2,665 Enact Holdings 6.50% Senior Notes, due 2025 (2) 750 750 Deferred borrowing charges (11 ) (12 ) Total Enact Holdings 739 738 Total $ 2,924 $ 3,403 (1) We have the option to redeem all or a portion of the senior notes at any time with notice to the noteholders at a price equal to the greater of 100% of principal or the sum of the present value of the remaining scheduled payments of principal and interest discounted at the then-current treasury rate plus an applicable spread. (2) Senior notes issued by Enact Holdings, our wholly-owned U.S. mortgage insurance subsidiary, who has the option to redeem the notes in whole or in part at any time prior to February 15, 2025, by paying a make-whole premium plus accrued and unpaid interest.

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2021
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 Six months ended 2021 2020 2021 2020 (2) 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) 2.1 9.2 2.9 97.2 Stock-based compensation — 0.2 0.1 14.6 Non-deductible expense 0.7 1.3 0.6 14.5 Tax favored investments (0.3 ) (1.6 ) (0.4 ) (16.3 ) Other, net (0.1 ) (0.6 ) — 7.5 Effective rate 23.4 % 29.5 % 24.2 % 138.5 % (1) Tax Cuts and Jobs Act. (2) For the six months ended June 30, 2020, the effective tax rate of 138.5% and the associated higher percentages included in the effective tax rate reconciliation are principally due to the prior year low pre-tax income.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
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 Six months ended June 30, (Amounts in millions) 2021 2020 2021 2020 Revenues: Enact segment $ 276 $ 274 $ 564 $ 535 U.S. Life Insurance segment: Long-term care insurance 1,226 1,200 2,366 2,206 Life insurance 329 335 677 683 Fixed annuities 122 129 254 262 U.S. Life Insurance segment 1,677 1,664 3,297 3,151 Runoff segment 88 90 164 97 Corporate and Other activities — (25 ) 1 29 Total revenues $ 2,041 $ 2,003 $ 4,026 $ 3,812
Summary of Net Operating Income (Loss) for Segments and Corporate and Other Activities	The following tables present the reconciliation of net income (loss) available to Genworth Financial, Inc.’s common stockholders to adjusted operating income (loss) 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 Six months (Amounts in millions) 2021 2020 2021 2020 Net income (loss) available to Genworth Financial, Inc.’s common stockholders $ 240 $ (441 ) $ 427 $ (507 ) Add: net income from continuing operations attributable to noncontrolling interests — — — — Add: net income from discontinued operations attributable to noncontrolling interests — 23 8 17 Net income (loss) 240 (418 ) 435 (490 ) Less: income (loss) from discontinued operations, net of taxes (5 ) (473 ) 16 (485 ) Income (loss) from continuing operations 245 55 419 (5 ) Less: net income from continuing operations attributable to noncontrolling interests — — — — Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders 245 55 419 (5 ) Adjustments to income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders: Net investment (gains) losses, net (1) (70 ) (97 ) (103 ) (9 ) (Gains) losses on early extinguishment of debt — (3 ) 4 9 Expenses related to restructuring 5 1 26 2 Taxes on adjustments 14 21 16 — Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders $ 194 $ (23 ) $ 362 $ (3 ) (1) For the three and six months ended June 30, 2020, net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves of $(4) million and $(15) million, respectively. Three months ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders: Enact segment $ 135 $ (3 ) $ 261 $ 145 U.S. Life Insurance segment: Long-term care insurance 98 48 193 49 Life insurance (40 ) (81 ) (103 ) (158 ) Fixed annuities 13 28 43 34 U.S. Life Insurance segment 71 (5 ) 133 (75 ) Runoff segment 15 24 27 11 Corporate and Other activities (27 ) (39 ) (59 ) (84 ) Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders $ 194 $ (23 ) $ 362 $ (3 )
Schedule of Revenue, Net Income and Assets by Geographic Location	The following is a summary of total assets for our segments and Corporate and Other activities as of the dates indicated: (Amounts in millions) June 30, December 31, Assets: Enact segment $ 5,845 $ 5,627 U.S. Life Insurance segment 82,522 84,671 Runoff segment 9,593 9,735 Corporate and Other activities 2,690 2,897 Segment assets from continuing operations 100,650 102,930 Assets related to discontinued operations — 2,817 Total assets $ 100,650 $ 105,747

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2021
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 (1) Derivatives (2) Foreign Total Balances as of April 1, 2021 $ 1,919 $ 1,792 $ (36 ) $ 3,675 OCI before reclassifications (54 ) 245 2 193 Amounts reclassified from (to) OCI — (34 ) — (34 ) Current period OCI (54 ) 211 2 159 Balances as of June 30, 2021 before noncontrolling interests 1,865 2,003 (34 ) 3,834 Less: change in OCI attributable to noncontrolling interests — — — — Balances as of June 30, 2021 $ 1,865 $ 2,003 $ (34 ) $ 3,834 (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 (1) Derivatives (2) Foreign Total Balances as of April 1, 2020 $ 1,140 $ 2,755 $ (80 ) $ 3,815 OCI before reclassifications 762 (48 ) 73 787 Amounts reclassified from (to) OCI (88 ) (30 ) — (118 ) Current period OCI 674 (78 ) 73 669 Balances as of June 30, 2020 before noncontrolling interests 1,814 2,677 (7 ) 4,484 Less: change in OCI attributable to noncontrolling interests 3 — 34 37 Balances as of June 30, 2020 $ 1,811 $ 2,677 $ (41 ) $ 4,447 (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 (1) Derivatives (2) Foreign Total Balances as of January 1, 2021 $ 2,214 $ 2,211 $ — $ 4,425 OCI before reclassifications (370 ) (140 ) 138 (372 ) Amounts reclassified from (to) OCI (4 ) (68 ) — (72 ) Current period OCI (374 ) (208 ) 138 (444 ) Balances as of June 30, 2021 before noncontrolling interests 1,840 2,003 138 3,981 Less: change in OCI attributable to noncontrolling interests (25 ) — 172 147 Balances as of June 30, 2021 $ 1,865 $ 2,003 $ (34 ) $ 3,834 (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 (1) Derivatives (2) Foreign Total Balances as of January 1, 2020 $ 1,456 $ 2,002 $ (25 ) $ 3,433 OCI before reclassifications 448 735 (25 ) 1,158 Amounts reclassified from (to) OCI (94 ) (60 ) — (154 ) Current period OCI 354 675 (25 ) 1,004 Balances as of June 30, 2020 before noncontrolling interests 1,810 2,677 (50 ) 4,437 Less: change in OCI attributable to noncontrolling interests (1 ) — (9 ) (10 ) Balances as of June 30, 2020 $ 1,811 $ 2,677 $ (41 ) $ 4,447 (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 Affected line item in the consolidated statements of income Three months ended Six months ended (Amounts in millions) 2021 2020 2021 2020 Net unrealized investment (gains) losses: Unrealized (gains) losses on investments (1) $ — $ (112 ) $ (5 ) $ (119 ) Net investment (gains) losses Income taxes — 24 1 25 Provision for income taxes Total $ — $ (88 ) $ (4 ) $ (94 ) Derivatives qualifying as hedges: Interest rate swaps hedging assets $ (52 ) $ (46 ) $ (104 ) $ (89 ) Net investment income Interest rate swaps hedging assets — — — (4 ) Net investment (gains) losses Income taxes 18 16 36 33 Provision for income taxes Total $ (34 ) $ (30 ) $ (68 ) $ (60 ) (1) Amounts exclude adjustments to DAC, present value of future profits, sales inducements and benefit reserves.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Summary Of Balance Sheet Disclosures Relating To Disposal Group	The assets and liabilities related to Genworth Australia were segregated in our condensed consolidated balance sheet until deconsolidation. The major asset and liability categories of Genworth Australia were as follows for the periods indicated: (Amounts in millions) June 30, December 31, Assets Investments: Fixed maturity securities available-for-sale, at fair value $ — $ 2,295 Equity securities, at fair value — 90 Other invested assets — 154 Total investments — 2,539 Cash, cash equivalents and restricted cash — 95 Accrued investment income — 16 Deferred acquisition costs — 42 Intangible assets — 43 Other assets — 40 Deferred tax asset — 42 Assets related to discontinued operations $ — $ 2,817 Liabilities Liability for policy and contract claims $ — $ 331 Unearned premiums — 1,193 Other liabilities — 104 Long-term borrowings — 145 Liabilities related to discontinued operations $ — $ 1,773
Summary of Operating Results Related to Discontinued Operations	A summary of operating results related to Genworth Australia reported as discontinued operations was as follows for the periods indicated: Three months Six months (Amounts in millions) 2021 2020 2021 2020 Revenues: Premiums $ — $ 62 $ 51 $ 131 Net investment income — 7 4 18 Net investment gains (losses) — 66 (5 ) 13 Policy fees and other income — — — 1 Total revenues — 135 50 163 Benefits and expenses: Benefits and other changes in policy reserves — 39 11 63 Acquisition and operating expenses, net of deferrals — 13 7 25 Amortization of deferred acquisition costs and intangibles — 6 6 14 Goodwill impairment — 5 — 5 Interest expense — 2 1 3 Total benefits and expenses — 65 25 110 Income before income taxes and loss on sale (1) — 70 25 53 Provision for income taxes — 23 8 18 Income before loss on sale — 47 17 35 Loss on sale, net of taxes — — (3 ) — Income from discontinued operations, net of taxes — 47 14 35 Less: net income from discontinued operations attributable to noncontrolling interests — 23 8 17 Income from discontinued operations available to Genworth Financial, Inc.’s common stockholders $ — $ 24 $ 6 $ 18 (1) The three months ended June 30, 2020, includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $37 million. The six months ended June 30, 2021 and 2020, includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $13 million and $28 million, respectively.
Assets and liabilities held for sale and operating results related to discontinued operations	The following table presents the remaining amounts owed to AXA under the settlement agreement, which are reflected as liabilities related to discontinued operations in our condensed consolidated balance sheets as of the periods presented: (Amounts in millions) British Pounds U.S. Dollar June 30, December 31, June 30, December 31, Installment payments due to AXA: June 2022: Beginning balance £ 159 £ 159 $ 217 $ 217 Prepayments (1) (159 ) — (217 ) — Ending balance — 159 — 217 September 2022: Beginning balance 187 158 256 217 Prepayments (1) (17 ) — (28 ) — Amounts billed as future losses 41 29 56 39 Foreign exchange and other — — 8 — Ending balance 211 187 292 256 Total amounts due under the promissory note 211 346 292 473 Future claims: Estimated beginning balance 79 107 108 146 Change in estimated future claims — 1 — 1 Less: Amounts billed (41 ) (29 ) (56 ) (39 ) Estimated future billings 38 79 52 108 Total amounts due to AXA under the settlement agreement (2) £ 249 £ 425 $ 344 $ 581 (1) On March 3, 2021, we completed the sale of Genworth Australia and received net proceeds of approximately AUD483 million ($370 million). The sale of Genworth Australia resulted in a mandatory principal payment of approximately £176 million ($245 million) related to our outstanding secured promissory note issued to AXA, dated as of July 20, 2020, as amended by the parties in connection with the Genworth Australia sale. (2) Amounts exclude accrued interest on the promissory note and certain other expenses. As of June 30, 2021, due principally to the mandatory payment made in connection with the Genworth Australia sale, we reduced the amount of accrued interest payable on the promissory note resulting in a reduction in the total amount owed to AXA of approximately $2 million.

Formation of Genworth and Bas_2

Formation of Genworth and Basis of Presentation - Additional Information (Detail) shares in Millions, $ in Millions	Jan. 31, 2020	Jul. 31, 2021USD ($)	Mar. 31, 2021USD ($)	Jun. 30, 2021USD ($)Segmentshares	Jun. 30, 2021$ / shares	Jun. 30, 2021USD ($)	Apr. 01, 2013
Number of operating segments | Segment				3
Domestic Insurance Subsidiaries | Minimum
Dividends receivable						$ 50
AXA Promissory Note Due September 2022 [Member]
Debt instrument face amount						344
Debt instrument, maturity month and year				2022-09
Senior Notes Due [Member]
Debt instrument face amount						400
Senior Notes Due August 2023 [Member]
Debt instrument, maturity month and year				2023-08
Senior Notes Due February 2024 [Member]
Debt instrument, maturity month and year				2024-02
AXA Settlement Agreement
Litigation Settlement, Expense				$ 10
Genworth Mortgage Insurance Australia Limited
Proceeds from divestiture of businesses and interests in affiliates			$ 370
Genworth Holdings
Percentage of subsidiary equity ownership							100.00%
Debt instrument, maturity month and year	2020-06
Debt instrument interest payment on outstanding debt						60
Unrestricted cash and cash equivalents						823
Genworth Holdings | 7.625% Senior Notes, Due 2021
Debt instrument face amount						$ 513
Debt instrument interest rate						7.625%
Debt instrument, maturity month and year				2021-09
Genworth Holdings | Subsequent Event | 7.625% Senior Notes, Due 2021
Debt instrument interest rate		7.625%
Genworth Holdings | Subsequent Event | 7.625% Senior Notes, Due 2021 | Outstanding Principal Accrued Interest And Make Whole Premium
Early repayment of senior debt		$ 532
Genworth Australia
Percentage of subsidiary equity ownership						52.00%
Number of subsidiaries shares sold | shares				214.3
Sale of stock price | $ / shares					$ 2.28
AXA SA
Redemption of secured debt			$ 247

Earning (Loss) Per Share (Detai

Earning (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Weighted-average shares used in basic earnings per share calculations		507	505.4	506.5	504.8
Stock options, restricted stock units and stock appreciation rights		8	7.1	7.9	0
Weighted-average shares used in diluted earnings per share calculations	[1]	515	512.5	514.4	504.8
Income (loss) from continuing operations:
Income (loss) from continuing operations		$ 245	$ 55	$ 419	$ (5)
Less: net income from continuing operations attributable to noncontrolling interests		0	0	0	0
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders		$ 245	$ 55	$ 419	$ (5)
Basic per share		$ 0.48	$ 0.11	$ 0.83	$ (0.01)
Diluted per share		$ 0.47	$ 0.11	$ 0.82	$ (0.01)
Income (loss) from discontinued operations:
Income (loss) from discontinued operations, net of taxes		$ (5)	$ (473)	$ 16	$ (485)
Less: net income from discontinued operations attributable to noncontrolling interests		0	23	8	17
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders		$ (5)	$ (496)	$ 8	$ (502)
Basic per share		$ (0.01)	$ (0.98)	$ 0.02	$ (0.99)
Diluted per share		$ (0.01)	$ (0.97)	$ 0.02	$ (0.99)
Net income (loss):
Income (loss) from continuing operations		$ 245	$ 55	$ 419	$ (5)
Income (loss) from discontinued operations, net of taxes		(5)	(473)	16	(485)
Net income (loss)		240	(418)	435	(490)
Less: net income attributable to noncontrolling interests		0	23	8	17
Net income (loss) available to Genworth Financial, Inc.'s common stockholders		$ 240	$ (441)	$ 427	$ (507)
Basic per share	[2]	$ 0.47	$ (0.87)	$ 0.84	$ (1)
Diluted per share		$ 0.47	$ (0.86)	$ 0.83	$ (1)
[1]	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of our loss from continuing operations available to Genworth Financial, Inc.’s common stockholders for the six months ended June 30, 2020, we were required to use basic weighted-average common shares outstanding as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 6.3 million would have been antidilutive to the calculation. If we had not incurred a loss from continuing operations available to Genworth Financial, Inc.’s common stockholders for the six months ended June 30, 2020, dilutive potential weighted-average common shares outstanding would have been 511.1 million.
[2]	May not total due to whole number calculation.

Earning (Loss) Per Share (Paren

Earning (Loss) Per Share (Parenthetical) (Detail) shares in Millions	6 Months Ended
	Jun. 30, 2020shares
Earnings Per Share Disclosure [Line Items]
Weighted-average diluted common shares outstanding, antidilutive securities (stock options, RSUs and SARs)	6.3
Weighted-average number of diluted shares if not in a loss position	511.1

Net Investment Income (Detail)

Net Investment Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net Investment Income [Line Items]
Gross investment income before expenses and fees	$ 866	$ 800	$ 1,687	$ 1,606
Expenses and fees	(22)	(21)	(42)	(45)
Net investment income	844	779	1,645	1,561
Fixed maturity securities—taxable
Net Investment Income [Line Items]
Gross investment income before expenses and fees	608	594	1,207	1,205
Fixed maturity securities—non-taxable
Net Investment Income [Line Items]
Gross investment income before expenses and fees	1	1	3	3
Equity Securities
Net Investment Income [Line Items]
Gross investment income before expenses and fees	2	2	5	4
Commercial mortgage loans
Net Investment Income [Line Items]
Gross investment income before expenses and fees	103	84	181	169
Policy Loans
Net Investment Income [Line Items]
Gross investment income before expenses and fees	40	49	90	98
Other invested assets
Net Investment Income [Line Items]
Gross investment income before expenses and fees	112	66	201	113
Cash, cash equivalents, restricted cash and short-term investments
Net Investment Income [Line Items]
Gross investment income before expenses and fees	$ 0	$ 4	$ 0	$ 14

Net Investment Gains (Losses) (

Net Investment Gains (Losses) (Detail) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Available-for-sale fixed maturity securities:
Realized gains		$ 5	$ 103	$ 12	$ 105
Realized losses		(4)	(5)	(7)	(5)
Net realized gains (losses) on available-for-sale fixed maturity securities		1	98	5	100
Net change in allowance for credit losses on available-for-sale fixed maturity securities		(4)	(7)	(6)	(7)
Write-down of available-for-sale fixed maturity securities	[1]	0	0	(1)	0
Net realized gains (losses) on equity securities sold		(2)	0	(7)	0
Net unrealized gains (losses) on equity securities still held		6	5	(2)	(7)
Limited partnerships		65	37	102	(3)
Commercial mortgage loans		(1)	1	(2)	1
Derivative instruments	[2]	4	(36)	12	(84)
Other		1	(5)	2	(6)
Total net investment gains (losses)		$ 70	$ 93	$ 103	$ (6)
[1]	Represents write-down of securities deemed uncollectible or that we intend to sell or will be required to sell prior to recovery of the amortized cost basis.
[2]	See note 5 for additional information on the impact of derivative instruments included in net investment gains (losses).

Net Investment Allowance for Cr

Net Investment Allowance for Credit Losses (Detail) - Fixed maturity securities - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Beginning Balance	$ 3	$ 0	$ 4
Increase from securities without allowance in previous periods	0	7	0
Increase (decrease) from securities with allowance in previous periods	4	0	6
Securities Sold	(7)	0	(7)
Decrease due to change in intent or requirement to sell	0	0	0
Write-offs	0	0	(3)
Recoveries	0	0	0
Ending Balance	0	7	0
Non-U.S. corporate
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Beginning Balance	3	0	1
Increase from securities without allowance in previous periods	0	4	0
Increase (decrease) from securities with allowance in previous periods	4	0	6
Securities Sold	(7)	0	(7)
Decrease due to change in intent or requirement to sell	0	0	0
Write-offs	0	0	0
Recoveries	0	0	0
Ending Balance	0	4	0
Commercial mortgage-backed
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Beginning Balance		0	3
Increase from securities without allowance in previous periods		3	0
Increase (decrease) from securities with allowance in previous periods		0	0
Securities Sold		0	0
Decrease due to change in intent or requirement to sell		0	0
Write-offs		0	(3)
Recoveries		0	0
Ending Balance	$ 0	$ 3	$ 0

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Schedule of Investments [Line Items]
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 on nonaccrual status	$ 0	$ 0
Total Assets	100,650	105,747
Modified or extended troubled debt restructurings	$ 0	0
Limited Partnership Interests
Schedule of Investments [Line Items]
Minimum threshold ownership percentage of limited partnership interest, equity method	3.00%
Limited Partnership Interests | Variable interest Entity, not primary beneficiary
Schedule of Investments [Line Items]
Total Assets	$ 1,306	$ 1,018
Finance and insurance | Fixed maturity securities
Schedule of Investments [Line Items]
Percent of investment portfolio, greater than 10%	25.00%
Utilities | Fixed maturity securities
Schedule of Investments [Line Items]
Percent of investment portfolio, greater than 10%	13.00%
Consumer-non-cyclical | Fixed maturity securities
Schedule of Investments [Line Items]
Percent of investment portfolio, greater than 10%	15.00%
Technology and Communications | Fixed maturity securities
Schedule of Investments [Line Items]
Percent of investment portfolio, greater than 10%	11.00%

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		Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Components of Net Unrealized Investment Gains Losses Included in Accumulated Other Comprehensive Income Loss [Line Items]
Net unrealized gains (losses) on fixed maturity securities without an allowance for credit losses	[1]	$ 8,538		$ 10,159
Net unrealized gains (losses) on fixed maturity securities with an allowance for credit losses	[1]	0		(7)
Adjustments to DAC, present value of future profits, sales inducements, benefit reserves and policyholder contract balances		(6,169)		(7,302)
Income taxes, net		(504)		(611)
Net unrealized investment gains (losses)		1,865		2,239
Less: net unrealized investment gains (losses) attributable to noncontrolling interests		0		25
Net unrealized investment gains (losses)		$ 1,865	$ 1,919	$ 2,214	$ 1,811	$ 1,140	$ 1,456
[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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Investments [Abstract]
Net unrealized investment gains (losses), beginning of period	$ 1,919	$ 1,140	$ 2,214	$ 1,456
Unrealized gains (losses) on investment securities	1,774	3,911	(1,609)	2,199
Adjustment to deferred acquisition costs	42	(111)	(132)	57
Adjustment to present value of future profits	1	5	2	4
Adjustment to sales inducements	2	(34)	5	2
Adjustment to benefit reserves	(1,887)	(2,802)	1,258	(1,694)
Provision for income taxes	14	(207)	106	(120)
Change in unrealized gains (losses) on investment securities	(54)	762	(370)	448
Reclassification adjustments to net investment (gains) losses, net of taxes of $0, $24, $1 and $25	0	(88)	(4)	(94)
Change in net unrealized investment gains (losses)	(54)	674	(374)	354
Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests	0	3	(25)	(1)
Net unrealized investment gains (losses), end of period	$ 1,865	$ 1,811	$ 1,865	$ 1,811

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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Components of Net Unrealized Investment Gains Losses Included in Accumulated Other Comprehensive Income Loss [Line Items]
Reclassification adjustments to net investment (gains) losses, taxes	$ 0	$ 24	$ 1	$ 25

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	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	$ 53,111		$ 53,417
Fair value, fixed maturity securities	61,649		63,495
Fixed maturity securities
Schedule of Investments [Line Items]
Amortized cost or cost, total	53,111		53,417
Gross unrealized gains	8,604		10,138
Gross unrealized losses	(66)		(56)
Fair value, total	61,649		63,495
Allowance for credit losses	0	$ (3)	(4)	$ (7)	$ 0
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	3,350		3,401
Gross unrealized gains, fixed maturity securities	1,135		1,404
Gross unrealized losses, fixed maturity securities	(1)		0
Allowance for credit losses	0		0
Fair value, fixed maturity securities	4,484		4,805
Fixed maturity securities | State and Political Subdivisions
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,876		2,622
Gross unrealized gains, fixed maturity securities	496		544
Gross unrealized losses, fixed maturity securities	(1)		(1)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	3,371		3,165
Fixed maturity securities | Non-U.S. government
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	712		728
Gross unrealized gains, fixed maturity securities	94		130
Gross unrealized losses, fixed maturity securities	(4)		(4)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	802		854
Fixed maturity securities | U.S. corporate
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	30,225		29,895
Gross unrealized gains, fixed maturity securities	5,106		5,985
Gross unrealized losses, fixed maturity securities	(42)		(23)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	35,289		35,857
Fixed maturity securities | U.S. corporate | Utilities
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	4,276		4,226
Gross unrealized gains, fixed maturity securities	820		970
Gross unrealized losses, fixed maturity securities	(5)		(2)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	5,091		5,194
Fixed maturity securities | U.S. corporate | Energy
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,573		2,532
Gross unrealized gains, fixed maturity securities	388		367
Gross unrealized losses, fixed maturity securities	(9)		(16)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	2,952		2,883
Fixed maturity securities | U.S. corporate | Finance and insurance
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	7,895		7,798
Gross unrealized gains, fixed maturity securities	1,107		1,306
Gross unrealized losses, fixed maturity securities	(13)		(2)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	8,989		9,102
Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	5,128		5,115
Gross unrealized gains, fixed maturity securities	1,100		1,323
Gross unrealized losses, fixed maturity securities	(4)		(1)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	6,224		6,437
Fixed maturity securities | U.S. corporate | Technology and communications
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	3,244		3,142
Gross unrealized gains, fixed maturity securities	515		619
Gross unrealized losses, fixed maturity securities	(5)		0
Allowance for credit losses	0		0
Fair value, fixed maturity securities	3,754		3,761
Fixed maturity securities | U.S. corporate | Industrial
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,377		1,370
Gross unrealized gains, fixed maturity securities	196		232
Gross unrealized losses, fixed maturity securities	(1)		0
Allowance for credit losses	0		0
Fair value, fixed maturity securities	1,572		1,602
Fixed maturity securities | U.S. corporate | Capital goods
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,424		2,456
Gross unrealized gains, fixed maturity securities	447		535
Gross unrealized losses, fixed maturity securities	(1)		0
Allowance for credit losses	0		0
Fair value, fixed maturity securities	2,870		2,991
Fixed maturity securities | U.S. corporate | Consumer-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,758		1,663
Gross unrealized gains, fixed maturity securities	240		284
Gross unrealized losses, fixed maturity securities	(4)		0
Allowance for credit losses	0		0
Fair value, fixed maturity securities	1,994		1,947
Fixed maturity securities | U.S. corporate | Transportation
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,156		1,198
Gross unrealized gains, fixed maturity securities	253		304
Gross unrealized losses, fixed maturity securities	0		(2)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	1,409		1,500
Fixed maturity securities | U.S. corporate | Other
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	394		395
Gross unrealized gains, fixed maturity securities	40		45
Gross unrealized losses, fixed maturity securities	0		0
Allowance for credit losses	0		0
Fair value, fixed maturity securities	434		440
Fixed maturity securities | Non-U.S. corporate
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	9,401		9,245
Gross unrealized gains, fixed maturity securities	1,357		1,578
Gross unrealized losses, fixed maturity securities	(14)		(11)
Allowance for credit losses	0	$ (3)	(1)	(4)	0
Fair value, fixed maturity securities	10,744		10,811
Fixed maturity securities | Non-U.S. corporate | Utilities
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	873		838
Gross unrealized gains, fixed maturity securities	73		84
Gross unrealized losses, fixed maturity securities	(1)		0
Allowance for credit losses	0		0
Fair value, fixed maturity securities	945		922
Fixed maturity securities | Non-U.S. corporate | Energy
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,189		1,172
Gross unrealized gains, fixed maturity securities	210		209
Gross unrealized losses, fixed maturity securities	0		(1)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	1,399		1,380
Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,108		2,130
Gross unrealized gains, fixed maturity securities	298		353
Gross unrealized losses, fixed maturity securities	(6)		(6)
Allowance for credit losses	0		(1)
Fair value, fixed maturity securities	2,400		2,476
Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	659		662
Gross unrealized gains, fixed maturity securities	87		112
Gross unrealized losses, fixed maturity securities	(1)		(1)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	745		773
Fixed maturity securities | Non-U.S. corporate | Technology and communications
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,098		1,062
Gross unrealized gains, fixed maturity securities	186		229
Gross unrealized losses, fixed maturity securities	0		0
Allowance for credit losses	0		0
Fair value, fixed maturity securities	1,284		1,291
Fixed maturity securities | Non-U.S. corporate | Industrial
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,003		969
Gross unrealized gains, fixed maturity securities	138		159
Gross unrealized losses, fixed maturity securities	(1)		0
Allowance for credit losses	0		0
Fair value, fixed maturity securities	1,140		1,128
Fixed maturity securities | Non-U.S. corporate | Capital goods
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	574		510
Gross unrealized gains, fixed maturity securities	69		67
Gross unrealized losses, fixed maturity securities	(1)		(1)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	642		576
Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	325		331
Gross unrealized gains, fixed maturity securities	29		41
Gross unrealized losses, fixed maturity securities	(1)		(1)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	353		371
Fixed maturity securities | Non-U.S. corporate | Transportation
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	467		483
Gross unrealized gains, fixed maturity securities	74		88
Gross unrealized losses, fixed maturity securities	0		(1)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	541		570
Fixed maturity securities | Non-U.S. corporate | Other
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,105		1,088
Gross unrealized gains, fixed maturity securities	193		236
Gross unrealized losses, fixed maturity securities	(3)		0
Allowance for credit losses	0		0
Fair value, fixed maturity securities	1,295		1,324
Fixed maturity securities | Residential mortgage-backed
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,524		1,698
Gross unrealized gains, fixed maturity securities	167		211
Gross unrealized losses, fixed maturity securities	0		0
Allowance for credit losses	0		0
Fair value, fixed maturity securities	1,691		1,909
Fixed maturity securities | Commercial mortgage-backed
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,538		2,759
Gross unrealized gains, fixed maturity securities	199		231
Gross unrealized losses, fixed maturity securities	(3)		(13)
Allowance for credit losses	0		(3)	$ (3)	$ 0
Fair value, fixed maturity securities	2,734		2,974
Fixed maturity securities | Other asset-backed
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,485		3,069
Gross unrealized gains, fixed maturity securities	50		55
Gross unrealized losses, fixed maturity securities	(1)		(4)
Allowance for credit losses	0		0
Fair value, fixed maturity securities	$ 2,534		$ 3,120

Gross Unrealized Losses and Fai

Gross Unrealized Losses and Fair Value of Investment Securities (Detail) $ in Millions	Jun. 30, 2021USD ($)Securities	Dec. 31, 2020USD ($)Securities
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 2,486	$ 1,027
Less than 12 months, Gross unrealized losses	$ (56)	$ (42)
Less than 12 months, Number of securities in a continuous loss position | Securities	312	196
12 months or more, Fair value	$ 165	$ 247
12 months or more, Gross unrealized losses	$ (10)	$ (7)
12 months or more, Number of securities in a continuous loss position | Securities	25	54
Fair value	$ 2,651	$ 1,274
Gross unrealized losses	$ (66)	$ (49)
Number of securities in a continuous loss position | Securities	337	250
Investment grade
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 2,379	$ 852
Less than 12 months, Gross unrealized losses	$ (50)	$ (23)
Less than 12 months, Number of securities in a continuous loss position | Securities	293	163
12 months or more, Fair value	$ 82	$ 207
12 months or more, Gross unrealized losses	$ (4)	$ (2)
12 months or more, Number of securities in a continuous loss position | Securities	15	48
Fair value	$ 2,461	$ 1,059
Gross unrealized losses	$ (54)	$ (25)
Number of securities in a continuous loss position | Securities	308	211
Below investment grade
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 107	$ 175
Less than 12 months, Gross unrealized losses	$ (6)	$ (19)
Less than 12 months, Number of securities in a continuous loss position | Securities	19	33
12 months or more, Fair value	$ 83	$ 40
12 months or more, Gross unrealized losses	$ (6)	$ (5)
12 months or more, Number of securities in a continuous loss position | Securities	10	6
Fair value	$ 190	$ 215
Gross unrealized losses	$ (12)	$ (24)
Number of securities in a continuous loss position | Securities	29	39
Fixed maturity securities
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 2,486	$ 1,027
Less than 12 months, Gross unrealized losses	$ (56)	$ (42)
Less than 12 months, Number of securities in a continuous loss position | Securities	312	196
12 months or more, Fair value	$ 165	$ 247
12 months or more, Gross unrealized losses	$ (10)	$ (7)
12 months or more, Number of securities in a continuous loss position | Securities	25	54
Fair value	$ 2,651	$ 1,274
Gross unrealized losses	$ (66)	$ (49)
Number of securities in a continuous loss position | Securities	337	250
Fixed maturity securities | Less Than 20 Percent Below Cost
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 2,479	$ 1,017
Less than 12 months, Gross unrealized losses	$ (53)	$ (35)
Less than 12 months, Number of securities in a continuous loss position | Securities	311	194
12 months or more, Fair value	$ 160	$ 246
12 months or more, Gross unrealized losses	$ (8)	$ (6)
12 months or more, Number of securities in a continuous loss position | Securities	24	53
Fair value	$ 2,639	$ 1,263
Gross unrealized losses	$ (61)	$ (41)
Number of securities in a continuous loss position | Securities	335	247
Fixed maturity securities | 20 To 50 percent below cost
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 7	$ 10
Less than 12 months, Gross unrealized losses	$ (3)	$ (7)
Less than 12 months, Number of securities in a continuous loss position | Securities	1	2
12 months or more, Fair value	$ 5	$ 1
12 months or more, Gross unrealized losses	$ (2)	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	1	1
Fair value	$ 12	$ 11
Gross unrealized losses	$ (5)	$ (8)
Number of securities in a continuous loss position | Securities	2	3
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 30
Less than 12 months, Gross unrealized losses	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	5
12 months or more, Fair value	$ 0
12 months or more, Gross unrealized losses	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0
Fair value	$ 30
Gross unrealized losses	$ (1)
Number of securities in a continuous loss position | Securities	5
Fixed maturity securities | State and Political Subdivisions
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 100	$ 28
Less than 12 months, Gross unrealized losses	$ (1)	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	32	6
12 months or more, Fair value	$ 0	$ 0
12 months or more, Gross unrealized losses	$ 0	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0	0
Fair value	$ 100	$ 28
Gross unrealized losses	$ (1)	$ (1)
Number of securities in a continuous loss position | Securities	32	6
Fixed maturity securities | Non-U.S. government
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 112	$ 44
Less than 12 months, Gross unrealized losses	$ (3)	$ (4)
Less than 12 months, Number of securities in a continuous loss position | Securities	22	5
12 months or more, Fair value	$ 18	$ 0
12 months or more, Gross unrealized losses	$ (1)	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	1	0
Fair value	$ 130	$ 44
Gross unrealized losses	$ (4)	$ (4)
Number of securities in a continuous loss position | Securities	23	5
Fixed maturity securities | U.S. corporate
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 1,482	$ 345
Less than 12 months, Gross unrealized losses	$ (37)	$ (20)
Less than 12 months, Number of securities in a continuous loss position | Securities	141	59
12 months or more, Fair value	$ 59	$ 33
12 months or more, Gross unrealized losses	$ (5)	$ (3)
12 months or more, Number of securities in a continuous loss position | Securities	8	4
Fair value	$ 1,541	$ 378
Gross unrealized losses	$ (42)	$ (23)
Number of securities in a continuous loss position | Securities	149	63
Fixed maturity securities | Non-U.S. corporate
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 434	$ 145
Less than 12 months, Gross unrealized losses	$ (12)	$ (4)
Less than 12 months, Number of securities in a continuous loss position | Securities	51	32
12 months or more, Fair value	$ 35	$ 6
12 months or more, Gross unrealized losses	$ (2)	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	7	1
Fair value	$ 469	$ 151
Gross unrealized losses	$ (14)	$ (5)
Number of securities in a continuous loss position | Securities	58	33
Fixed maturity securities | Commercial mortgage-backed
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 48	$ 227
Less than 12 months, Gross unrealized losses	$ (1)	$ (11)
Less than 12 months, Number of securities in a continuous loss position | Securities	6	34
12 months or more, Fair value	$ 53	$ 1
12 months or more, Gross unrealized losses	$ (2)	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	9	1
Fair value	$ 101	$ 228
Gross unrealized losses	$ (3)	$ (12)
Number of securities in a continuous loss position | Securities	15	35
Fixed maturity securities | Other asset-backed
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 280	$ 238
Less than 12 months, Gross unrealized losses	$ (1)	$ (2)
Less than 12 months, Number of securities in a continuous loss position | Securities	55	60
12 months or more, Fair value	$ 0	$ 207
12 months or more, Gross unrealized losses	$ 0	$ (2)
12 months or more, Number of securities in a continuous loss position | Securities	0	48
Fair value	$ 280	$ 445
Gross unrealized losses	$ (1)	$ (4)
Number of securities in a continuous loss position | Securities	55	108

Gross Unrealized Losses and F_2

Gross Unrealized Losses and Fair Value of Corporate Securities Based on Industries (Detail) $ in Millions	Jun. 30, 2021USD ($)Securities	Dec. 31, 2020USD ($)Securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 2,486	$ 1,027
Less than 12 months, Gross unrealized losses	$ (56)	$ (42)
Less than 12 months, Number of securities in a continuous loss position | Securities	312	196
12 months or more, Fair value	$ 165	$ 247
12 months or more, Gross unrealized losses	$ (10)	$ (7)
12 months or more, Number of securities in a continuous loss position | Securities	25	54
Fair value	$ 2,651	$ 1,274
Gross unrealized losses	$ (66)	$ (49)
Number of securities in a continuous loss position | Securities	337	250
Fixed maturity securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 2,486	$ 1,027
Less than 12 months, Gross unrealized losses	$ (56)	$ (42)
Less than 12 months, Number of securities in a continuous loss position | Securities	312	196
12 months or more, Fair value	$ 165	$ 247
12 months or more, Gross unrealized losses	$ (10)	$ (7)
12 months or more, Number of securities in a continuous loss position | Securities	25	54
Fair value	$ 2,651	$ 1,274
Gross unrealized losses	$ (66)	$ (49)
Number of securities in a continuous loss position | Securities	337	250
Fixed maturity securities | U.S. corporate
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 1,482	$ 345
Less than 12 months, Gross unrealized losses	$ (37)	$ (20)
Less than 12 months, Number of securities in a continuous loss position | Securities	141	59
12 months or more, Fair value	$ 59	$ 33
12 months or more, Gross unrealized losses	$ (5)	$ (3)
12 months or more, Number of securities in a continuous loss position | Securities	8	4
Fair value	$ 1,541	$ 378
Gross unrealized losses	$ (42)	$ (23)
Number of securities in a continuous loss position | Securities	149	63
Fixed maturity securities | U.S. corporate | Utilities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 82	$ 49
Less than 12 months, Gross unrealized losses	$ (5)	$ (2)
Less than 12 months, Number of securities in a continuous loss position | Securities	17	9
12 months or more, Fair value	$ 0	$ 0
12 months or more, Gross unrealized losses	$ 0	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0	0
Fair value	$ 82	$ 49
Gross unrealized losses	$ (5)	$ (2)
Number of securities in a continuous loss position | Securities	17	9
Fixed maturity securities | U.S. corporate | Energy
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 88	$ 106
Less than 12 months, Gross unrealized losses	$ (4)	$ (13)
Less than 12 months, Number of securities in a continuous loss position | Securities	10	19
12 months or more, Fair value	$ 59	$ 33
12 months or more, Gross unrealized losses	$ (5)	$ (3)
12 months or more, Number of securities in a continuous loss position | Securities	8	4
Fair value	$ 147	$ 139
Gross unrealized losses	$ (9)	$ (16)
Number of securities in a continuous loss position | Securities	18	23
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	$ 540	$ 128
Less than 12 months, Gross unrealized losses	$ (13)	$ (2)
Less than 12 months, Number of securities in a continuous loss position | Securities	42	15
12 months or more, Fair value	$ 0	$ 0
12 months or more, Gross unrealized losses	$ 0	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0	0
Fair value	$ 540	$ 128
Gross unrealized losses	$ (13)	$ (2)
Number of securities in a continuous loss position | Securities	42	15
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	$ 202	$ 16
Less than 12 months, Gross unrealized losses	$ (4)	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	19	5
12 months or more, Fair value	$ 0	$ 0
12 months or more, Gross unrealized losses	$ 0	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0	0
Fair value	$ 202	$ 16
Gross unrealized losses	$ (4)	$ (1)
Number of securities in a continuous loss position | Securities	19	5
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	$ 219
Less than 12 months, Gross unrealized losses	$ (5)
Less than 12 months, Number of securities in a continuous loss position | Securities	22
12 months or more, Fair value	$ 0
12 months or more, Gross unrealized losses	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0
Fair value	$ 219
Gross unrealized losses	$ (5)
Number of securities in a continuous loss position | Securities	22
Fixed maturity securities | U.S. corporate | Industrial
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 67
Less than 12 months, Gross unrealized losses	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	6
12 months or more, Fair value	$ 0
12 months or more, Gross unrealized losses	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0
Fair value	$ 67
Gross unrealized losses	$ (1)
Number of securities in a continuous loss position | Securities	6
Fixed maturity securities | U.S. corporate | Capital goods
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 95
Less than 12 months, Gross unrealized losses	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	8
12 months or more, Fair value	$ 0
12 months or more, Gross unrealized losses	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0
Fair value	$ 95
Gross unrealized losses	$ (1)
Number of securities in a continuous loss position | Securities	8
Fixed maturity securities | U.S. corporate | Consumer-cyclical
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 189
Less than 12 months, Gross unrealized losses	$ (4)
Less than 12 months, Number of securities in a continuous loss position | Securities	17
12 months or more, Fair value	$ 0
12 months or more, Gross unrealized losses	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0
Fair value	$ 189
Gross unrealized losses	$ (4)
Number of securities in a continuous loss position | Securities	17
Fixed maturity securities | U.S. corporate | Transportation
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value		$ 46
Less than 12 months, Gross unrealized losses		$ (2)
Less than 12 months, Number of securities in a continuous loss position | Securities		11
12 months or more, Fair value		$ 0
12 months or more, Gross unrealized losses		$ 0
12 months or more, Number of securities in a continuous loss position | Securities		0
Fair value		$ 46
Gross unrealized losses		$ (2)
Number of securities in a continuous loss position | Securities		11
Fixed maturity securities | Non-U.S. corporate
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 434	$ 145
Less than 12 months, Gross unrealized losses	$ (12)	$ (4)
Less than 12 months, Number of securities in a continuous loss position | Securities	51	32
12 months or more, Fair value	$ 35	$ 6
12 months or more, Gross unrealized losses	$ (2)	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	7	1
Fair value	$ 469	$ 151
Gross unrealized losses	$ (14)	$ (5)
Number of securities in a continuous loss position | Securities	58	33
Fixed maturity securities | Non-U.S. corporate | Utilities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 42
Less than 12 months, Gross unrealized losses	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	6
12 months or more, Fair value	$ 0
12 months or more, Gross unrealized losses	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0
Fair value	$ 42
Gross unrealized losses	$ (1)
Number of securities in a continuous loss position | Securities	6
Fixed maturity securities | Non-U.S. corporate | Energy
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value		$ 66
Less than 12 months, Gross unrealized losses		$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities		10
12 months or more, Fair value		$ 0
12 months or more, Gross unrealized losses		$ 0
12 months or more, Number of securities in a continuous loss position | Securities		0
Fair value		$ 66
Gross unrealized losses		$ (1)
Number of securities in a continuous loss position | Securities		10
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	$ 271
Less than 12 months, Gross unrealized losses	$ (6)
Less than 12 months, Number of securities in a continuous loss position | Securities	28
12 months or more, Fair value	$ 0
12 months or more, Gross unrealized losses	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0
Fair value	$ 271
Gross unrealized losses	$ (6)
Number of securities in a continuous loss position | Securities	28
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	$ 0	$ 0
Less than 12 months, Gross unrealized losses	$ 0	$ 0
Less than 12 months, Number of securities in a continuous loss position | Securities	0	0
12 months or more, Fair value	$ 6	$ 6
12 months or more, Gross unrealized losses	$ (1)	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	1	1
Fair value	$ 6	$ 6
Gross unrealized losses	$ (1)	$ (1)
Number of securities in a continuous loss position | Securities	1	1
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	$ 43
Less than 12 months, Gross unrealized losses	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	4
12 months or more, Fair value	$ 0
12 months or more, Gross unrealized losses	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0
Fair value	$ 43
Gross unrealized losses	$ (1)
Number of securities in a continuous loss position | Securities	4
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	$ 0	$ 31
Less than 12 months, Gross unrealized losses	$ 0	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	0	8
12 months or more, Fair value	$ 29	$ 0
12 months or more, Gross unrealized losses	$ (1)	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	6	0
Fair value	$ 29	$ 31
Gross unrealized losses	$ (1)	$ (1)
Number of securities in a continuous loss position | Securities	6	8
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	$ 32	$ 15
Less than 12 months, Gross unrealized losses	$ (1)	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	8	6
12 months or more, Fair value	$ 0	$ 0
12 months or more, Gross unrealized losses	$ 0	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0	0
Fair value	$ 32	$ 15
Gross unrealized losses	$ (1)	$ (1)
Number of securities in a continuous loss position | Securities	8	6
Fixed maturity securities | Non-U.S. corporate | Transportation
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value		$ 33
Less than 12 months, Gross unrealized losses		$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities		8
12 months or more, Fair value		$ 0
12 months or more, Gross unrealized losses		$ 0
12 months or more, Number of securities in a continuous loss position | Securities		0
Fair value		$ 33
Gross unrealized losses		$ (1)
Number of securities in a continuous loss position | Securities		8
Fixed maturity securities | Non-U.S. corporate | Other
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 46
Less than 12 months, Gross unrealized losses	$ (3)
Less than 12 months, Number of securities in a continuous loss position | Securities	5
12 months or more, Fair value	$ 0
12 months or more, Gross unrealized losses	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	0
Fair value	$ 46
Gross unrealized losses	$ (3)
Number of securities in a continuous loss position | Securities	5
Fixed maturity securities | Corporate Debt Securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 1,916	$ 490
Less than 12 months, Gross unrealized losses	$ (49)	$ (24)
Less than 12 months, Number of securities in a continuous loss position | Securities	192	91
12 months or more, Fair value	$ 94	$ 39
12 months or more, Gross unrealized losses	$ (7)	$ (4)
12 months or more, Number of securities in a continuous loss position | Securities	15	5
Fair value	$ 2,010	$ 529
Gross unrealized losses	$ (56)	$ (28)
Number of securities in a continuous loss position | Securities	207	96

Scheduled Maturity Distribution

Scheduled Maturity Distribution of Fixed Maturity Securities (Detail) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Amortized cost or cost
Due one year or less	$ 1,268
Due after one year through five years	8,367
Due after five years through ten years	13,587
Due after ten years	23,342
Subtotal	46,564
Amortized cost or cost, fixed maturity securities	53,111	$ 53,417
Fair value
Due one year or less	1,291
Due after one year through five years	9,030
Due after five years through ten years	15,158
Due after ten years	29,211
Subtotal	54,690
Fair value, fixed maturity securities	61,649	$ 63,495
Residential mortgage-backed
Amortized cost or cost
Fixed maturity securities	1,524
Fair value
Fixed maturity securities	1,691
Commercial mortgage-backed
Amortized cost or cost
Fixed maturity securities	2,538
Fair value
Fixed maturity securities	2,734
Other asset-backed
Amortized cost or cost
Fixed maturity securities	2,485
Fair value
Fixed maturity securities	$ 2,534

Distribution Across Property Ty

Distribution Across Property Type and Geographic Region for Commercial Mortgage Loans (Detail) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 6,912	$ 6,774
% of total	100.00%	100.00%
Allowance for credit losses	$ (33)	$ (31)
Commercial mortgage loans, net	6,879	6,743
Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 6,912	$ 6,774
% of total	100.00%	100.00%
Allowance for credit losses	$ (33)	$ (31)
Commercial mortgage loans, net	6,879	6,743
South Atlantic | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,788	$ 1,711
% of total	26.00%	25.00%
Pacific | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,456	$ 1,510
% of total	21.00%	22.00%
Middle Atlantic | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 988	$ 994
% of total	14.00%	15.00%
Mountain | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 847	$ 781
% of total	12.00%	12.00%
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, amortized cost	$ 466	$ 467
% 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, amortized cost	$ 447	$ 441
% of total	6.00%	6.00%
West South Central | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 455	$ 423
% of total	7.00%	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, amortized cost	$ 262	$ 260
% of total	4.00%	4.00%
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, amortized cost	$ 203	$ 187
% 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, amortized cost	$ 2,693	$ 2,442
% of total	39.00%	36.00%
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,558	$ 1,638
% of total	23.00%	24.00%
Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,531	$ 1,567
% of total	22.00%	23.00%
Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 573	$ 529
% of total	8.00%	8.00%
Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 298	$ 286
% 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, amortized cost	$ 259	$ 312
% of total	4.00%	5.00%

Allowance for Credit Losses and

Allowance for Credit Losses and Recorded Investment in Commercial Mortgage Loans (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			$ 31
Ending balance	$ 33		33
Allowance for Credit Losses
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	32	$ 29	31	$ 13
Cumulative effect of change in accounting	0	0	0	16
Provision	1	(1)	2	(1)
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Ending balance	$ 33	$ 28	$ 33	$ 28

Commercial Mortgage Loans By Ye

Commercial Mortgage Loans By Year of Origination and Credit Quality Indicator (Detail) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	$ 6,912	$ 6,774
Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	6,912	6,774
0% - 50%
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	2,501	2,645
0% - 50% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	2,501
51% - 60%
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	1,548	1,628
51% - 60% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	1,548
61% - 75%
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	2,863	2,396
61% - 75% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	2,863
76% - 100%
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0	103
76% - 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
Greater than 100%
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0	2
Greater than 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
Less than 1.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	178	216
1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	500	526
1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	1,042	992
1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	2,851	2,590
Greater than 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	2,341	$ 2,450
2021 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	529
2021 | 0% - 50% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	7
2021 | 51% - 60% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	19
2021 | 61% - 75% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	503
2021 | 76% - 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2021 | Greater than 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2021 | Less than 1.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2021 | 1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	3
2021 | 1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	91
2021 | 1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	385
2021 | Greater than 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	50
2020 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	536
2020 | 0% - 50% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	59
2020 | 51% - 60% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	51
2020 | 61% - 75% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	426
2020 | 76% - 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2020 | Greater than 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2020 | Less than 1.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2020 | 1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	52
2020 | 1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	81
2020 | 1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	281
2020 | Greater than 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	122
2019 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	762
2019 | 0% - 50% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	25
2019 | 51% - 60% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	88
2019 | 61% - 75% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	649
2019 | 76% - 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2019 | Greater than 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2019 | Less than 1.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	8
2019 | 1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	67
2019 | 1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	230
2019 | 1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	289
2019 | Greater than 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	168
2018 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	950
2018 | 0% - 50% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	102
2018 | 51% - 60% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	344
2018 | 61% - 75% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	504
2018 | 76% - 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2018 | Greater than 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2018 | Less than 1.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	27
2018 | 1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	53
2018 | 1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	200
2018 | 1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	441
2018 | Greater than 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	229
2017 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	666
2017 | 0% - 50% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	157
2017 | 51% - 60% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	236
2017 | 61% - 75% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	273
2017 | 76% - 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2017 | Greater than 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2017 | Less than 1.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	12
2017 | 1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	42
2017 | 1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	57
2017 | 1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	302
2017 | Greater than 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	253
2016 and prior | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	3,469
2016 and prior | 0% - 50% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	2,151
2016 and prior | 51% - 60% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	810
2016 and prior | 61% - 75% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	508
2016 and prior | 76% - 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2016 and prior | Greater than 100% | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	0
2016 and prior | Less than 1.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	131
2016 and prior | 1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	283
2016 and prior | 1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	383
2016 and prior | 1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	1,153
2016 and prior | Greater than 2.00 | Fixed Rate Commercial Mortgage Loans [Member]
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, recorded investment	$ 1,519

Debt-to-Value of Commercial Mor

Debt-to-Value of Commercial Mortgage Loans by Property Type (Detail) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 6,912	$ 6,774
Commercial mortgage loans, amortized cost	$ 6,912	$ 6,774
% of total	100.00%	100.00%
Weighted-average debt service coverage ratio	1.96	1.97
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 2,693	$ 2,442
% of total	39.00%	36.00%
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,558	$ 1,638
% of total	23.00%	24.00%
Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,531	$ 1,567
% of total	22.00%	23.00%
Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 573	$ 529
% of total	8.00%	8.00%
Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 298	$ 286
% 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, amortized cost	$ 259	$ 312
% of total	4.00%	5.00%
0% - 50%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 2,501	$ 2,645
% of total	36.00%	39.00%
Weighted-average debt service coverage ratio	2.39	2.40
0% - 50% | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 920	$ 913
0% - 50% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	716	798
0% - 50% | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	468	523
0% - 50% | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	225	199
0% - 50% | Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	112	112
0% - 50% | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	60	100
51% - 60%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,548	$ 1,628
% of total	22.00%	24.00%
Weighted-average debt service coverage ratio	1.84	1.83
51% - 60% | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 605	$ 639
51% - 60% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	324	351
51% - 60% | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	452	431
51% - 60% | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	77	86
51% - 60% | Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	33	47
51% - 60% | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	57	74
61% - 75%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 2,863	$ 2,396
% of total	42.00%	35.00%
Weighted-average debt service coverage ratio	1.62	1.61
61% - 75% | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,168	$ 859
61% - 75% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	518	456
61% - 75% | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	611	595
61% - 75% | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	271	238
61% - 75% | Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	153	127
61% - 75% | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	142	121
76% - 100%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 0	$ 103
% of total	0.00%	2.00%
Weighted-average debt service coverage ratio	0	1.49
76% - 100% | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 0	$ 29
76% - 100% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	0	33
76% - 100% | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	0	18
76% - 100% | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	0	6
76% - 100% | Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	0	0
76% - 100% | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	0	17
Greater than 100%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 0	$ 2
% of total	0.00%	0.00%
Weighted-average debt service coverage ratio	0	0.64
Greater than 100% | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 0	$ 2
Greater than 100% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	0	0
Greater than 100% | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	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, amortized cost	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, amortized cost	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, amortized cost	$ 0	$ 0

Debt Service Coverage Ratio for

Debt Service Coverage Ratio for Fixed Rate Commercial Mortgage Loans by Property Type (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 6,912	$ 6,774
% 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	$ 6,912	$ 6,774
% of total	100.00%	100.00%
Weighted-average debt-to-value	54.00%	53.00%
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 2,693	$ 2,442
% of total	39.00%	36.00%
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	$ 2,693	$ 2,442
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,558	$ 1,638
% of total	23.00%	24.00%
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	$ 1,558	$ 1,638
Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 1,531	$ 1,567
% of total	22.00%	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	$ 1,531	$ 1,567
Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 573	$ 529
% of total	8.00%	8.00%
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	$ 573	$ 529
Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 298	$ 286
% 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	$ 298	$ 286
Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, recorded investment	$ 259	$ 312
% of total	4.00%	5.00%
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	$ 259	$ 312
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	$ 178	$ 216
% of total	3.00%	3.00%
Weighted-average debt-to-value	58.00%	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	$ 51	$ 55
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	20	21
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	70	101
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	8	9
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	5	5
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	24	25
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	$ 500	$ 526
% of total	7.00%	8.00%
Weighted-average debt-to-value	61.00%	62.00%
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	$ 163	$ 169
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	78	85
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	90	99
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	22	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	23	24
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	124	125
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	$ 1,042	$ 992
% of total	15.00%	15.00%
Weighted-average debt-to-value	62.00%	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	$ 529	$ 483
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	136	143
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	169	170
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	126	126
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	45	29
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	37	41
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	$ 2,851	$ 2,590
% of total	41.00%	38.00%
Weighted-average debt-to-value	59.00%	57.00%
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	$ 1,190	$ 969
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	597	616
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	658	634
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	250	228
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	128	115
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	28	28
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	$ 2,341	$ 2,450
% of total	34.00%	36.00%
Weighted-average debt-to-value	44.00%	44.00%
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	$ 760	$ 766
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	727	773
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	544	563
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	167	142
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	97	113
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	$ 46	$ 93

Schedule of Positions in Deriva

Schedule of Positions in Derivative Instruments (Detail) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Derivative assets, fair value		$ 371	$ 600
Derivative liabilities, fair value		693	830
Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value		638	804
Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		55	26
Other invested assets
Derivative [Line Items]
Derivative assets, fair value		353	574
Interest rate swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		53	23
Interest rate swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		280	468
Foreign currency swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		2	2
Foreign currency swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		2	1
Equity index options | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		47	63
Other foreign currency contracts | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value			1
Other foreign currency contracts | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		24	42
GMWB embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[1]	275	379
GMWB embedded derivatives | Reinsurance recoverable
Derivative [Line Items]
Derivative assets, fair value	[2]	18	26	[3]
Fixed index annuity embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value		339	399
Indexed universal life embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value		24	26
Designated As Hedging Instrument
Derivative [Line Items]
Derivative assets, fair value		282	469
Derivative liabilities, fair value		55	25
Designated As Hedging Instrument | Cash Flow Hedges
Derivative [Line Items]
Derivative assets, fair value		282	469
Derivative liabilities, fair value		55	25
Designated As Hedging Instrument | Cash Flow Hedges | Interest rate swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		53	23
Designated As Hedging Instrument | Cash Flow Hedges | Interest rate swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		280	468
Designated As Hedging Instrument | Cash Flow Hedges | Foreign currency swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		2	2
Designated As Hedging Instrument | Cash Flow Hedges | Foreign currency swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		2	1
Derivatives not designated as hedges
Derivative [Line Items]
Derivative assets, fair value		89	131
Derivative liabilities, fair value		638	805
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		47	63
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		0	1
Derivatives not designated as hedges | Other foreign currency contracts | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		24	42
Derivatives not designated as hedges | GMWB embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[4]	275	379
Derivatives not designated as hedges | GMWB embedded derivatives | Reinsurance recoverable
Derivative [Line Items]
Derivative assets, fair value	[5]	18	26
Derivatives not designated as hedges | Fixed index annuity embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[6]	339	399
Derivatives not designated as hedges | Fixed index annuity embedded derivatives | Other assets
Derivative [Line Items]
Derivative assets, fair value		0	0
Derivatives not designated as hedges | Indexed universal life embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[7]	24	26
Derivatives not designated as hedges | Indexed universal life embedded derivatives | Reinsurance recoverable
Derivative [Line Items]
Derivative assets, fair value		$ 0	$ 0
[1]	Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
[2]	Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities.
[3]	Limited partnerships that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy.
[4]	Represents the embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
[5]	Represents embedded derivatives associated with the reinsured portion of our guaranteed minimum withdrawal benefits (“GMWB”) liabilities.
[6]	Represents the embedded derivatives associated with our fixed index annuity liabilities.
[7]	Represents the embedded derivatives associated with our indexed universal life liabilities.

Activity Associated with Deriva

Activity Associated with Derivative Instruments (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)Policies
Derivative [Line Items]
Notional amount, beginning balance	$ 17,269
Additions	2,608
Maturities/ terminations	(8,534)
Notional amount, ending balance	11,343
Designated As Hedging Instrument
Derivative [Line Items]
Notional amount, beginning balance	8,305
Additions	0
Maturities/ terminations	(405)
Notional amount, ending balance	7,900
Designated As Hedging Instrument | Cash Flow Hedges
Derivative [Line Items]
Notional amount, beginning balance	8,305
Additions	0
Maturities/ terminations	(405)
Notional amount, ending balance	7,900
Designated As Hedging Instrument | Cash Flow Hedges | Interest rate swaps
Derivative [Line Items]
Notional amount, beginning balance	8,178
Additions	0
Maturities/ terminations	(405)
Notional amount, ending balance	7,773
Designated As Hedging Instrument | Cash Flow Hedges | Foreign currency swaps
Derivative [Line Items]
Notional amount, beginning balance	127
Additions	0
Maturities/ terminations	0
Notional amount, ending balance	127
Derivatives not designated as hedges
Derivative [Line Items]
Notional amount, beginning balance	8,964
Additions	2,608
Maturities/ terminations	(8,129)
Notional amount, ending balance	3,443
Derivatives not designated as hedges | Interest rate swaps
Derivative [Line Items]
Notional amount, beginning balance	4,674
Additions	0
Maturities/ terminations	(4,674)
Notional amount, ending balance	0
Derivatives not designated as hedges | Equity index options
Derivative [Line Items]
Notional amount, beginning balance	2,000
Additions	614
Maturities/ terminations	(803)
Notional amount, ending balance	1,811
Derivatives not designated as hedges | Financial futures
Derivative [Line Items]
Notional amount, beginning balance	1,104
Additions	1,972
Maturities/ terminations	(2,116)
Notional amount, ending balance	960
Derivatives not designated as hedges | Other foreign currency contracts
Derivative [Line Items]
Notional amount, beginning balance	1,186
Additions	22
Maturities/ terminations	(536)
Notional amount, ending balance	$ 672
Derivatives not designated as hedges | GMWB embedded derivatives
Derivative [Line Items]
Notional amount, beginning balance | Policies	23,713
Additions | Policies	0
Maturities/ terminations | Policies	(982)
Notional amount, ending balance | Policies	22,731
Derivatives not designated as hedges | Fixed index annuity embedded derivatives
Derivative [Line Items]
Notional amount, beginning balance | Policies	12,778
Additions | Policies	0
Maturities/ terminations | Policies	(1,944)
Notional amount, ending balance | Policies	10,834
Derivatives not designated as hedges | Indexed universal life embedded derivatives
Derivative [Line Items]
Notional amount, beginning balance | Policies	842
Additions | Policies	0
Maturities/ terminations | Policies	(22)
Notional amount, ending balance | Policies	820

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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	$ 309	$ (60)	$ (178)	$ 935
Gain (loss) reclassified into net income from OCI	52	46	104	93
Gain (loss) recognized in net income (loss)	0	0	0	0
Interest Rate Swaps Hedging Assets | Net Investment Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	314	(57)	(215)	984
Gain (loss) reclassified into net income from OCI	52	46	104	89
Interest Rate Swaps Hedging Assets | 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				4
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	(8)	1	36	(62)
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	3	(4)	1	13
Gain (loss) reclassified into net income from OCI	0	0	0	0
Foreign currency swaps | Net Investment Gains (Losses)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in net income (loss)	$ 0	$ 0	$ 0	$ 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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments [Abstract]
Derivatives qualifying as effective accounting hedges, beginning of period	$ 1,792	$ 2,755	$ 2,211	$ 2,002
Current period increases (decreases) in fair value, net of deferred taxes	245	(48)	(140)	735
Reclassification to net (income) loss, net of deferred taxes	(34)	(30)	(68)	(60)
Derivatives qualifying as effective accounting hedges, end of period	$ 2,003	$ 2,677	$ 2,003	$ 2,677

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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Current period increases (decreases) in fair value, deferred taxes	$ (64)	$ 12	$ 38	$ (200)
Reclassification to net (income), deferred taxes	$ 18	$ 16	$ 36	$ 33

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Derivatives designated as cash flow hedges gain (loss), amount expected to be reclassified to future net income (loss), net of tax	$ 2,003	$ 2,677	$ 1,792	$ 2,211	$ 2,755	$ 2,002
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	$ 138
Amount reclassified to net income (loss) in connection with forecasted transactions that were no longer considered probable of occurring	$ 4	$ 1

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) - Derivatives not designated as hedges - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	$ 4	$ (36)	$ 12	$ (88)
Interest rate swaps | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	(1)	(2)	3	(12)
Equity index options | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	6	4	9	(9)
Financial futures | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	8	(123)	(102)	138
Other foreign currency contracts | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	0	(2)	0	8
GMWB embedded derivatives | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	2	129	107	(207)
Fixed index annuity embedded derivatives | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	(14)	(45)	(18)	(13)
Indexed universal life embedded derivatives | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net loss	$ 3	$ 3	$ 13	$ 7

Additional Information about De

Additional Information about Derivative Assets and Liabilities Subject to Enforceable Master Netting Arrangement (Detail) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Gross amounts recognized, derivatives assets		$ 371	$ 600
Gross amounts recognized, derivatives liabilities		693	830
Subject to enforceable master netting arrangement
Derivative [Line Items]
Gross amounts recognized, net derivatives		298	548
Gross amounts offset in the balance sheet, net derivatives		0	0
Net amounts presented in the balance sheet, net derivatives		298	548
Gross amounts not offset in the balance sheet, financial instruments, net derivatives	[1],[2]	0	0
Collateral received		(238)	(401)
Collateral pledged		625	505
Over collateralization, net derivatives		(609)	(497)
Net amount		76	155
Subject to enforceable master netting arrangement | Derivative assets
Derivative [Line Items]
Gross amounts recognized, derivatives assets	[2]	353	574
Gross amounts offset in the balance sheet, derivatives assets	[2]	0	0
Net amounts presented in the balance sheet, derivatives assets	[2]	353	574
Gross amounts not offset in the balance sheet, financial instruments, derivatives assets	[1],[2]	(42)	(20)
Collateral received	[2]	(238)	(401)
Collateral pledged	[2]	0	0
Over collateralization, derivatives assets	[2]	3	2
Net amount, derivatives assets	[2]	76	155
Subject to enforceable master netting arrangement | Derivative liabilities
Derivative [Line Items]
Gross amounts recognized, derivatives liabilities	[2]	55	26
Gross amounts offset in the balance sheet, derivatives liabilities	[2]	0	0
Net amounts presented in the balance sheet, derivatives liabilities	[2]	55	26
Gross amounts not offset in the balance sheet, financial instruments, derivative liabilities	[1],[2]	(42)	(20)
Collateral received	[2]	0	0
Collateral pledged	[2]	(625)	(505)
Over collateralization, derivatives liabilities	[2]	612	499
Net amount, derivatives liabilities	[2]	$ 0	$ 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 June 30, 2021 and December 31, 2020.

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 61,649	$ 63,495
GMWB non-performance risk impact	$ 52	66
Period end valuation	0
Fixed maturity securities | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 35,289	35,857
Fixed maturity securities | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	10,744	10,811
Level 2
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	57,889	59,406
Level 2 | Fixed maturity securities | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	33,087	33,585
Level 2 | Fixed maturity securities | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 9,382	9,203
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 | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 31,509
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	8,510
Level 2 | Fixed maturity securities | Internal models | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	1,578
Level 2 | Fixed maturity securities | Internal models | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	872
Level 3
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	3,760	4,089
Level 3 | Fixed maturity securities | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	2,202	2,272
Level 3 | Fixed maturity securities | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	1,362	$ 1,608
Level 3 | Fixed maturity securities | Internal models
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	3,424
Level 3 | Fixed maturity securities | Broker Quotes
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 336

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	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 61,649	$ 63,495
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	4,484	4,805
Fixed maturity securities | State and Political Subdivisions
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	3,371	3,165
Fixed maturity securities | Non-U.S. government
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	802	854
Fixed maturity securities | U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	35,289	35,857
Fixed maturity securities | Non-U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	10,744	10,811
Fixed maturity securities | Residential mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	1,691	1,909
Fixed maturity securities | Commercial mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,734	2,974
Fixed maturity securities | Other asset-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,534	3,120
Level 2
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	57,889	59,406
Level 2 | Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	4,484	4,805
Level 2 | Fixed maturity securities | State and Political Subdivisions
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	3,296	3,099
Level 2 | Fixed maturity securities | Non-U.S. government
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	802	854
Level 2 | Fixed maturity securities | U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	33,087	33,585
Level 2 | Fixed maturity securities | Non-U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	9,382	9,203
Level 2 | Fixed maturity securities | Residential mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	1,678	1,895
Level 2 | Fixed maturity securities | Commercial mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,714	2,954
Level 2 | Fixed maturity securities | Other asset-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,446	$ 3,011
Level 2 | Third-Party Pricing Services | Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 4,484
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	$ 3,296
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	$ 802
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	$ 31,509
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	$ 8,510
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	$ 1,678
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	$ 2,714
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	$ 2,446
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 swap 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		Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		$ 61,649	$ 63,495
Available-for-sale equity securities		147	386
Derivative assets, fair value		371	600
Total other invested assets		2,260	2,099
Separate account assets		6,202	6,081
Total assets		69,665	71,509
Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	[1]	0
Available-for-sale equity securities	[1]	0
Separate account assets	[1]	0	0
Total assets	[1]	1,070	835
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		353	574
Securities lending collateral		105	67
Short-term investments		121	45
Limited partnerships		1,070	835
Total other invested assets		1,649	1,521
Other invested assets | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value	[1]	0	0
Securities lending collateral	[1]	0	0
Short-term investments	[1]	0	0
Limited partnerships	[1]	1,070	835
Total other invested assets	[1]	1,070	835
Interest rate swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		280	468
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	[1]	0	0
Foreign currency swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		2	1
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	[1]	0	0
Equity index options | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		47	63
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	[1]	0	0
Other foreign currency contracts | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		24	42
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	[1]	0	0
GMWB embedded derivatives | Reinsurance recoverable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value	[2]	18	26	[1]
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	[1],[2]	0	0
Fixed maturity securities | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	[1]		0
Available-for-sale equity securities	[1]		0
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		4,484	4,805
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	[1]	0	0
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		3,371	3,165
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	[1]	0	0
Fixed maturity securities | Non-U.S. government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		802	854
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	[1]	0	0
Fixed maturity securities | U.S. corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		35,289	35,857
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	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		5,091	5,194
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	[1]	0	0
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		2,952	2,883
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	[1]	0	0
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		8,989	9,102
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	[1]	0	0
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		6,224	6,437
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	[1]	0	0
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		3,754	3,761
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	[1]	0	0
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		1,572	1,602
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	[1]	0	0
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		2,870	2,991
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	[1]	0	0
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		1,994	1,947
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	[1]	0	0
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		1,409	1,500
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	[1]	0	0
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		434	440
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	[1]	0	0
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		10,744	10,811
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	[1]	0	0
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		945	922
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	[1]	0	0
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		1,399	1,380
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	[1]	0	0
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		2,400	2,476
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	[1]	0	0
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		745	773
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	[1]	0	0
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		1,284	1,291
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	[1]	0	0
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		1,140	1,128
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	[1]	0	0
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		642	576
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	[1]	0	0
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		353	371
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	[1]	0	0
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		541	570
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	[1]	0	0
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		1,295	1,324
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	[1]	0	0
Fixed maturity securities | Residential mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,691	1,909
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	[1]	0	0
Fixed maturity securities | Commercial mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,734	2,974
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	[1]	0	0
Fixed maturity securities | Other asset-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,534	3,120
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	[1]	0	0
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		48	276
Separate account assets		6,202	6,081
Total assets		6,250	6,382
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	25
Limited partnerships		0	0
Total other invested assets		0	25
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	[2]	0	0	[1]
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		57,889	59,406
Available-for-sale equity securities		61	59
Separate account assets		0	0
Total assets		58,482	60,063
Level 2 | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		306	511
Securities lending collateral		105	67
Short-term investments		121	20
Limited partnerships		0	0
Total other invested assets		532	598
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		280	468
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		2	1
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		24	42
Level 2 | GMWB embedded derivatives | Reinsurance recoverable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value	[2]	0	0	[1]
Level 2 | Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		4,484	4,805
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		3,296	3,099
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		802	854
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		33,087	33,585
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		4,249	4,352
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		2,875	2,755
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		8,328	8,495
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		6,115	6,328
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		3,724	3,714
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		1,552	1,562
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		2,811	2,931
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		1,855	1,797
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		1,342	1,430
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		236	221
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		9,382	9,203
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		597	570
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		1,247	1,135
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		2,198	2,171
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		671	706
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		1,256	1,263
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		1,046	1,033
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		461	398
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		206	225
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		458	461
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		1,242	1,241
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		1,678	1,895
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		2,714	2,954
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		2,446	3,011
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		3,760	4,089
Available-for-sale equity securities		38	51
Separate account assets		0	0
Total assets		3,863	4,229
Level 3 | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		47	63
Securities lending collateral		0	0
Short-term investments		0	0
Limited partnerships		0	0
Total other invested assets		47	63
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		47	63
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	[2]	18	26	[1]
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		75	66
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		2,202	2,272
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		842	842
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		77	128
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		661	607
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		109	109
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		30	47
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		20	40
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		59	60
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		139	150
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		67	70
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		198	219
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		1,362	1,608
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		348	352
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		152	245
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		202	305
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		74	67
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	28
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		94	95
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		181	178
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		147	146
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		83	109
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		53	83
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		13	14
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		20	20
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		$ 88	$ 109
[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 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				6 Months Ended
		Jun. 30, 2021		Jun. 30, 2020		Jun. 30, 2021		Jun. 30, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		$ 4,036		$ 3,996		$ 4,229		$ 4,304
Total realized and unrealized gains (losses), Included in net income		6		(3)		3		15
Total realized and unrealized gains (losses), Included in OCI		101		281		(4)		8
Purchases		83		82		175		172
Sales		(2)		(3)		(10)		(25)
Issuances		1		0		1		1
Settlements		(139)		(60)		(239)		(133)
Transfer into Level 3		22	[1]	188	[2]	51	[1]	338	[2]
Transfer out of Level 3		(245)	[1]	(100)	[2]	(343)	[1]	(299)	[2]
Ending balance		3,863		4,381		3,863		4,381
Total gains (losses) included in net income attributable to assets still held		3		1		(1)		26
Total gains (losses) included in OCI attributable to assets still held		80		272		(23)		14
Other invested assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		53		62		63		81
Total realized and unrealized gains (losses), Included in net income		6		4		9		(9)
Total realized and unrealized gains (losses), Included in OCI		0		0		0		0
Purchases		5		7		10		18
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(17)		(7)		(35)		(24)
Transfer into Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Transfer out of Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Ending balance		47		66		47		66
Total gains (losses) included in net income attributable to assets still held		2		8		4		5
Total gains (losses) included in OCI attributable to assets still held		0		0		0		0
Other invested assets | Derivative assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		53		62		63		81
Total realized and unrealized gains (losses), Included in net income		6		4		9		(9)
Total realized and unrealized gains (losses), Included in OCI		0		0		0		0
Purchases		5		7		10		18
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(17)		(7)		(35)		(24)
Transfer into Level 3		0	[1]	0	[2]			0	[2]
Transfer out of Level 3		0	[1]	0	[2]			0	[2]
Ending balance		47		66		47		66
Total gains (losses) included in net income attributable to assets still held		2		8		4		5
Total gains (losses) included in OCI attributable to assets still held		0		0		0		0
Other invested assets | Derivative assets | Equity index options
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		53		62		63		81
Total realized and unrealized gains (losses), Included in net income		6		4		9		(9)
Total realized and unrealized gains (losses), Included in OCI		0		0		0		0
Purchases		5		7		10		18
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(17)		(7)		(35)		(24)
Transfer into Level 3		0	[1]	0	[2]			0	[2]
Transfer out of Level 3		0	[1]	0	[2]			0	[2]
Ending balance		47		66		47		66
Total gains (losses) included in net income attributable to assets still held		2		8		4		5
Total gains (losses) included in OCI attributable to assets still held		0		0		0		0
Reinsurance recoverable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	[3]	18	[1]	47	[2]	26	[1]	20	[2]
Total realized and unrealized gains (losses), Included in net income	[3]	(1)	[1]	(9)	[2]	(9)	[1]	17	[2]
Total realized and unrealized gains (losses), Included in OCI	[3]	0	[1]	0	[2]	0	[1]	0	[2]
Purchases	[3]	0	[1]	0	[2]	0	[1]	0	[2]
Sales	[3]	0	[1]	0	[2]	0	[1]	0	[2]
Issuances	[3]	1	[1]	0	[2]	1	[1]	1	[2]
Settlements	[3]	0	[1]	0	[2]	0	[1]	0	[2]
Transfer into Level 3	[3]	0	[1]	0	[2]	0	[1]	0	[2]
Transfer out of Level 3	[3]	0	[1]	0	[2]	0	[1]	0	[2]
Ending balance	[3]	18	[1]	38	[2]	18	[1]	38	[2]
Total gains (losses) included in net income attributable to assets still held	[3]	(1)	[1]	(9)	[2]	(9)	[1]	17	[2]
Total gains (losses) included in OCI attributable to assets still held	[3]	0	[1]	0	[2]	0	[1]	0	[2]
Fixed maturity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		3,922		3,837		4,089		4,152
Total realized and unrealized gains (losses), Included in net income		1		2		3		7
Total realized and unrealized gains (losses), Included in OCI		101		281		(4)		8
Purchases		78		69		165		148
Sales		(2)		0		(2)		(21)
Issuances		0		0		0		0
Settlements		(117)		(53)		(199)		(109)
Transfer into Level 3		22	[1]	188	[2]	51	[1]	338	[2]
Transfer out of Level 3		(245)	[1]	(100)	[2]	(343)	[1]	(299)	[2]
Ending balance		3,760		4,224		3,760		4,224
Total gains (losses) included in net income attributable to assets still held		2		2		4		4
Total gains (losses) included in OCI attributable to assets still held		80		272		(23)		14
Fixed maturity securities | State and political subdivisions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		68		83		66		102
Total realized and unrealized gains (losses), Included in net income		1		0		2		1
Total realized and unrealized gains (losses), Included in OCI		6		7		7		(12)
Purchases		0		0		0		0
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		0		0		0		(1)
Transfer into Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Transfer out of Level 3		0	[1]	(27)	[2]	0	[1]	(27)	[2]
Ending balance		75		63		75		63
Total gains (losses) included in net income attributable to assets still held		1		1		2		2
Total gains (losses) included in OCI attributable to assets still held		6		6		7		(13)
Fixed maturity securities | U.S. corporate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		2,150		2,113		2,272		2,239
Total realized and unrealized gains (losses), Included in net income		0		1		0		3
Total realized and unrealized gains (losses), Included in OCI		55		120		(13)		16
Purchases		63		61		101		96
Sales		0		0		0		(21)
Issuances		0		0		0		0
Settlements		(16)		(21)		(74)		(43)
Transfer into Level 3		22	[1]	72	[2]	49	[1]	125	[2]
Transfer out of Level 3		(72)	[1]	(14)	[2]	(133)	[1]	(83)	[2]
Ending balance		2,202		2,332		2,202		2,332
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		50		116		(16)		22
Fixed maturity securities | U.S. corporate | Utilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		793		843		842		865
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		23		37		(7)		12
Purchases		8		32		16		32
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(1)		(2)		(14)		(2)
Transfer into Level 3		19	[1]	26	[2]	19	[1]	42	[2]
Transfer out of Level 3		0	[1]	0	[2]	(14)	[1]	(13)	[2]
Ending balance		842		936		842		936
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		23		37		(6)		14
Fixed maturity securities | U.S. corporate | Energy
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		122		124		128		129
Total realized and unrealized gains (losses), Included in net income		0		1		0		1
Total realized and unrealized gains (losses), Included in OCI		8		13		4		(2)
Purchases		0		0		0		10
Sales		0		0		0		(21)
Issuances		0		0		0		0
Settlements		(1)		(2)		(3)		(3)
Transfer into Level 3		0	[1]	0	[2]	0	[1]	22	[2]
Transfer out of Level 3		(52)	[1]	(13)	[2]	(52)	[1]	(13)	[2]
Ending balance		77		123		77		123
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		4		9		0		(5)
Fixed maturity securities | U.S. corporate | Finance and insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		597		510		607		572
Total realized and unrealized gains (losses), Included in net income		0		0		0		2
Total realized and unrealized gains (losses), Included in OCI		17		33		(5)		2
Purchases		55		21		73		21
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(8)		(12)		(25)		(24)
Transfer into Level 3		0	[1]	0	[2]	17	[1]	0	[2]
Transfer out of Level 3		0	[1]	(1)	[2]	(6)	[1]	(22)	[2]
Ending balance		661		551		661		551
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		17		33		(5)		5
Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		106		88		109		94
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		2		8		(1)		2
Purchases		0		8		0		8
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(2)		(1)		(2)		(1)
Transfer into Level 3		3	[1]	0	[2]	3	[1]	0	[2]
Transfer out of Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Ending balance		109		103		109		103
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		1		8		(2)		2
Fixed maturity securities | U.S. corporate | Technology and communications
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		40		61		47		50
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		2		5		0		1
Purchases		0		0		12		20
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		0		0		0		0
Transfer into Level 3		0	[1]	0	[2]	4	[1]	0	[2]
Transfer out of Level 3		(12)	[1]	0	[2]	(33)	[1]	(5)	[2]
Ending balance		30		66		30		66
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		1		5		(1)		2
Fixed maturity securities | U.S. corporate | Industrial
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		20		37		40		40
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		0		2		0		(1)
Purchases		0		0		0		0
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		0		0		(20)		0
Transfer into Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Transfer out of Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Ending balance		20		39		20		39
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		0		2		0		(1)
Fixed maturity securities | U.S. corporate | Capital goods
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		58		90		60		102
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		1		7		(1)		(1)
Purchases		0		0		0		0
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		0		0		0		(4)
Transfer into Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Transfer out of Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Ending balance		59		97		59		97
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		1		7		(1)		(1)
Fixed maturity securities | U.S. corporate | Consumer-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		147		179		150		173
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		1		11		(1)		4
Purchases		0		0		0		0
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(1)		(1)		(2)		(3)
Transfer into Level 3		0	[1]	9	[2]	0	[1]	24	[2]
Transfer out of Level 3		(8)	[1]	0	[2]	(8)	[1]	0	[2]
Ending balance		139		198		139		198
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		1		11		(1)		4
Fixed maturity securities | U.S. corporate | Transportation
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		67		43		70		78
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		0		(2)
Purchases		0		0		0		0
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(1)		(1)		(3)		(2)
Transfer into Level 3		0	[1]	10	[2]	0	[1]	10	[2]
Transfer out of Level 3		0	[1]	0	[2]	0	[1]	(30)	[2]
Ending balance		67		54		67		54
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		1		2		0		1
Fixed maturity securities | U.S. corporate | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		200		138		219		136
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		0		2		(2)		1
Purchases		0		0		0		5
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(2)		(2)		(5)		(4)
Transfer into Level 3		0	[1]	27	[2]	6	[1]	27	[2]
Transfer out of Level 3		0	[1]	0	[2]	(20)	[1]	0	[2]
Ending balance		198		165		198		165
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		1		2		0		1
Fixed maturity securities | Non-U.S. corporate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		1,576		1,529		1,608		1,685
Total realized and unrealized gains (losses), Included in net income		0		1		1		3
Total realized and unrealized gains (losses), Included in OCI		38		150		2		4
Purchases		14		6		60		44
Sales		(2)		0		(2)		0
Issuances		0		0		0		0
Settlements		(95)		(29)		(115)		(55)
Transfer into Level 3		0	[1]	93	[2]	0	[1]	188	[2]
Transfer out of Level 3		(169)	[1]	(56)	[2]	(192)	[1]	(175)	[2]
Ending balance		1,362		1,694		1,362		1,694
Total gains (losses) included in net income attributable to assets still held		1		1		2		2
Total gains (losses) included in OCI attributable to assets still held		22		146		(14)		6
Fixed maturity securities | Non-U.S. corporate | Utilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		375		355		352		374
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		5		23		(2)		3
Purchases		0		1		30		12
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(8)		0		(8)		0
Transfer into Level 3		0	[1]	0	[2]	0	[1]	21	[2]
Transfer out of Level 3		(24)	[1]	(22)	[2]	(24)	[1]	(53)	[2]
Ending balance		348		357		348		357
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		4		23		(3)		3
Fixed maturity securities | Non-U.S. corporate | Energy
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		243		236		245		247
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		10		22		8		(8)
Purchases		0		0		0		0
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(22)		(26)		(22)		(26)
Transfer into Level 3		0	[1]	5	[2]	0	[1]	24	[2]
Transfer out of Level 3		(79)	[1]	0	[2]	(79)	[1]	0	[2]
Ending balance		152		237		152		237
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		5		22		3		(8)
Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		290		223		305		234
Total realized and unrealized gains (losses), Included in net income		0		1		1		2
Total realized and unrealized gains (losses), Included in OCI		17		50		1		9
Purchases		0		0		0		15
Sales		(2)		0		(2)		0
Issuances		0		0		0		0
Settlements		(52)		0		(52)		0
Transfer into Level 3		0	[1]	37	[2]	0	[1]	58	[2]
Transfer out of Level 3		(51)	[1]	0	[2]	(51)	[1]	(7)	[2]
Ending balance		202		311		202		311
Total gains (losses) included in net income attributable to assets still held		1		1		2		2
Total gains (losses) included in OCI attributable to assets still held		5		49		(11)		10
Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		66		58		67		59
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		0		5		(1)		2
Purchases		8		0		8		8
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		0		0		0		0
Transfer into Level 3		0	[1]	0	[2]	0	[1]	1	[2]
Transfer out of Level 3		0	[1]	(9)	[2]	0	[1]	(16)	[2]
Ending balance		74		54		74		54
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		0		4		(1)		1
Fixed maturity securities | Non-U.S. corporate | Technology and communications
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		28		27		28		28
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		0		0
Purchases		0		0		0		0
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		0		0		0		0
Transfer into Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Transfer out of Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Ending balance		28		28		28		28
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		0		1		0		0
Fixed maturity securities | Non-U.S. corporate | Industrial
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		93		92		95		104
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		1		8		(1)		1
Purchases		0		0		0		0
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		0		0		0		(5)
Transfer into Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Transfer out of Level 3		0	[1]	(8)	[2]	0	[1]	(8)	[2]
Ending balance		94		92		94		92
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		1		7		(1)		0
Fixed maturity securities | Non-U.S. corporate | Capital goods
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		175		135		178		161
Total realized and unrealized gains (losses), Included in net income		0		0		0		1
Total realized and unrealized gains (losses), Included in OCI		1		9		(2)		(2)
Purchases		5		0		5		0
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		0		0		0		(16)
Transfer into Level 3		0	[1]	29	[2]	0	[1]	29	[2]
Transfer out of Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Ending balance		181		173		181		173
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		2		9		(1)		(1)
Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		144		164		146		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		12		0		(3)
Purchases		1		0		17		4
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		0		(3)		0		(7)
Transfer into Level 3		0	[1]	0	[2]	0	[1]	32	[2]
Transfer out of Level 3		0	[1]	(17)	[2]	(16)	[1]	(17)	[2]
Ending balance		147		156		147		156
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		2		11		0		(5)
Fixed maturity securities | Non-U.S. corporate | Transportation
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		82		108		109		191
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		1		11		0		2
Purchases		0		0		0		0
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		0		0		(19)		0
Transfer into Level 3		0	[1]	22	[2]	0	[1]	22	[2]
Transfer out of Level 3		0	[1]	0	[2]	(7)	[1]	(74)	[2]
Ending balance		83		141		83		141
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		2		11		1		6
Fixed maturity securities | Non-U.S. corporate | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		80		131		83		140
Total realized and unrealized gains (losses), Included in net income		0		0		0		0
Total realized and unrealized gains (losses), Included in OCI		1		9		(1)		0
Purchases		0		5		0		5
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(13)		0		(14)		(1)
Transfer into Level 3		0	[1]	0	[2]	0	[1]	1	[2]
Transfer out of Level 3		(15)	[1]	0	[2]	(15)	[1]	0	[2]
Ending balance		53		145		53		145
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		1		9		(1)		0
Fixed maturity securities | Residential mortgage-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		13		24		14		27
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		0		0
Purchases		0		0		0		0
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(1)		(1)		(1)		(1)
Transfer into Level 3		0	[1]	3	[2]	0	[1]	4	[2]
Transfer out of Level 3		0	[1]	(3)	[2]	0	[1]	(6)	[2]
Ending balance		13		24		13		24
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI 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		19		0		20		6
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		(1)		2
Purchases		1		0		1		0
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		0		0		0		0
Transfer into Level 3		0	[1]	20	[2]	0	[1]	20	[2]
Transfer out of Level 3		0	[1]	0	[2]	0	[1]	(7)	[2]
Ending balance		20		21		20		21
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		1		1		(1)		1
Fixed maturity securities | Other asset-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		96		87		109		93
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		1		(2)
Purchases		0		2		3		8
Sales		0		0		0		0
Issuances		0		0		0		0
Settlements		(5)		(1)		(9)		(8)
Transfer into Level 3		0	[1]	0	[2]	2	[1]	0	[2]
Transfer out of Level 3		(4)	[1]	0	[2]	(18)	[1]	(1)	[2]
Ending balance		88		90		88		90
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI attributable to assets still held		1		3		1		(2)
Fixed maturity securities | Non-U.S. government
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance				1				0
Total realized and unrealized gains (losses), Included in net income				0				0
Total realized and unrealized gains (losses), Included in OCI				0				0
Purchases				0				0
Sales				0				0
Issuances				0				0
Settlements				(1)				(1)
Transfer into Level 3	[2]			0				1
Transfer out of Level 3	[2]			0				0
Ending balance				0				0
Total gains (losses) included in net income attributable to assets still held				0				0
Total gains (losses) included in OCI attributable to assets still held				0				0
Equity Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		43		50		51		51
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		6		0		6
Sales		0		(3)		(8)		(4)
Issuances		0		0		0		0
Settlements		(5)		0		(5)		0
Transfer into Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Transfer out of Level 3		0	[1]	0	[2]	0	[1]	0	[2]
Ending balance		38		53		38		53
Total gains (losses) included in net income attributable to assets still held		0		0		0		0
Total gains (losses) included in OCI 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]	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.
[3]	Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities.

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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair value of financial instruments [Abstract]
Total realized and unrealized gains (losses) included in net income (loss), assets	$ 6	$ (3)	$ 3	$ 15
Total gains (losses) included in net income (loss) attributable to assets still held, assets	3	1	(1)	26
Net Investment Income
Fair value of financial instruments [Abstract]
Total realized and unrealized gains (losses) included in net income (loss), assets	1	2	3	6
Total gains (losses) included in net income (loss) attributable to assets still held, assets	2	2	4	4
Net investment gains (losses)
Fair value of financial instruments [Abstract]
Total realized and unrealized gains (losses) included in net income (loss), assets	5	(5)	0	9
Total gains (losses) included in net income (loss) attributable to assets still held, assets	$ 1	$ (1)	$ (5)	$ 22

Summary of Significant Unobserv

Summary of Significant Unobservable Inputs Used for Fair Value Measurements Classified As Level 3 (Detail) $ in Millions		6 Months Ended
		Jun. 30, 2021USD ($)bps	Dec. 31, 2020USD ($)
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value | $		$ 693	$ 830
Fixed maturity securities available-for-sale, at fair value | $		61,649	63,495
Derivative assets, fair value | $		371	600
Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value | $		638	804
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]	275	379
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 | $		339	399
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 | $		24	26
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 | $		$ 3,760	4,089
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 | $		$ 47
Fair value input, equity index volatility, lower limit		6.00%
Fair value input, equity index volatility, upper limit		48.00%
Fair value input, equity index volatility, weighted-average	[2]	27.00%
Level 3 | Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value | $		$ 638	804
Level 3 | Policyholder account balances | GMWB embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Stochastic cash flow model
Derivative liabilities, fair value | $	[1]	$ 275	379
Fair value, withdrawal utilization rate, lower limit		59.00%
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		14
Fair value input, credit spreads, upper limit		83
Fair value input, credit spreads, weighted-average	[3]	65
Fair value input, equity index volatility, lower limit	[4]	16.00%
Fair value input, equity index volatility, upper limit	[4]	26.00%
Fair value, withdrawal utilization rate, weighted-average	[3]	75.00%
Fair value, lapse rate, weighted-average	[3]	4.00%
Fair value input, equity index volatility, weighted-average	[3],[4]	22.00%
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 | $		$ 339	399
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	[3]	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 | $		$ 24	$ 26
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	[3]	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 | $		$ 2,106
Fair value input, credit spreads, lower limit		44
Fair value input, credit spreads, upper limit		210
Fair value input, credit spreads, weighted-average	[2]	115
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 | $		$ 807
Fair value input, credit spreads, lower limit		47
Fair value input, credit spreads, upper limit		210
Fair value input, credit spreads, weighted-average	[2]	124
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 | $		$ 66
Fair value input, credit spreads, lower limit		57
Fair value input, credit spreads, upper limit		203
Fair value input, credit spreads, weighted-average	[2]	128
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 | $		$ 644
Fair value input, credit spreads, lower limit		44
Fair value input, credit spreads, upper limit		171
Fair value input, credit spreads, weighted-average	[2]	113
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 | $		$ 109
Fair value input, credit spreads, lower limit		52
Fair value input, credit spreads, upper limit		203
Fair value input, credit spreads, weighted-average	[2]	117
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 | $		$ 30
Fair value input, credit spreads, lower limit		72
Fair value input, credit spreads, upper limit		150
Fair value input, credit spreads, weighted-average	[2]	122
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 | $		$ 21
Fair value input, credit spreads, lower limit		85
Fair value input, credit spreads, upper limit		159
Fair value input, credit spreads, weighted-average	[2]	127
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 | $		$ 59
Fair value input, credit spreads, lower limit		62
Fair value input, credit spreads, upper limit		159
Fair value input, credit spreads, weighted-average	[2]	112
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 | $		$ 138
Fair value input, credit spreads, lower limit		81
Fair value input, credit spreads, upper limit		156
Fair value input, credit spreads, weighted-average	[2]	122
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 | $		$ 55
Fair value input, credit spreads, lower limit		46
Fair value input, credit spreads, upper limit		134
Fair value input, credit spreads, weighted-average	[2]	87
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 | $		$ 177
Fair value input, credit spreads, lower limit		63
Fair value input, credit spreads, upper limit		143
Fair value input, credit spreads, weighted-average	[2]	82
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 | $		$ 1,191
Fair value input, credit spreads, lower limit		52
Fair value input, credit spreads, upper limit		343
Fair value input, credit spreads, weighted-average	[2]	103
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 | $		$ 347
Fair value input, credit spreads, lower limit		58
Fair value input, credit spreads, upper limit		210
Fair value input, credit spreads, weighted-average	[2]	109
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 | $		$ 140
Fair value input, credit spreads, lower limit		62
Fair value input, credit spreads, upper limit		187
Fair value input, credit spreads, weighted-average	[2]	113
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 | $		$ 160
Fair value input, credit spreads, lower limit		78
Fair value input, credit spreads, upper limit		111
Fair value input, credit spreads, weighted-average	[2]	93
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 | $		$ 72
Fair value input, credit spreads, lower limit		52
Fair value input, credit spreads, upper limit		121
Fair value input, credit spreads, weighted-average	[2]	89
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		62
Fair value input, credit spreads, upper limit		106
Fair value input, credit spreads, weighted-average	[2]	89
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 | $		$ 94
Fair value input, credit spreads, lower limit		57
Fair value input, credit spreads, upper limit		156
Fair value input, credit spreads, weighted-average	[2]	98
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 | $		$ 152
Fair value input, credit spreads, lower limit		52
Fair value input, credit spreads, upper limit		187
Fair value input, credit spreads, weighted-average	[2]	100
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 | $		$ 61
Fair value input, credit spreads, lower limit		81
Fair value input, credit spreads, upper limit		156
Fair value input, credit spreads, weighted-average	[2]	111
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 | $		$ 83
Fair value input, credit spreads, lower limit		52
Fair value input, credit spreads, upper limit		156
Fair value input, credit spreads, weighted-average	[2]	85
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 | $		$ 54
Fair value input, credit spreads, lower limit		66
Fair value input, credit spreads, upper limit		343
Fair value input, credit spreads, weighted-average	[2]	123
[1]	Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
[2]	Unobservable inputs weighted by the relative fair value of the associated instrument for fixed maturity securities and by notional for derivative assets.
[3]	Unobservable inputs weighted by the policyholder account balances associated with the instrument.
[4]	Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. The unobservable inputs associated with GMWB embedded derivatives are not interrelated and therefore, a directional change in one input will not affect the other inputs.

Liabilities by Class of Instrum

Liabilities by Class of Instrument that are Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		$ 693	$ 830
Total liabilities		693	830
Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		55	26
Other liabilities | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		53	23
Other liabilities | Foreign currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		2	2
Other liabilities | Other foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value			1
Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		638	804
Policyholder account balances | GMWB embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value	[1]	275	379
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		339	399
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		24	26
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		0	0
Level 1 | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 1 | Other liabilities | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 1 | Other liabilities | Foreign currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 1 | Other liabilities | Other foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value			0
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		55	26
Level 2 | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		55	26
Level 2 | Other liabilities | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		53	23
Level 2 | Other liabilities | Foreign currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		2	2
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			1
Level 2 | Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 2 | Policyholder account balances | GMWB embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value	[1]	0	0
Level 2 | Policyholder account balances | Fixed index annuity embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 2 | Policyholder account balances | Indexed universal life embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		638	804
Level 3 | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 3 | Other liabilities | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 3 | Other liabilities | Foreign currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		0	0
Level 3 | Other liabilities | Other foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value			0
Level 3 | Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		638	804
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]	275	379
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		339	399
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		$ 24	$ 26
[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		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total realized and unrealized (gains) losses included in net (income)		$ 8	$ (96)	$ (111)	$ 230
Total (gains) losses included in net (income) attributable to liabilities still held		7	(95)	(106)	237
Policyholder account balances
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		657	1,125	804	794
Total realized and unrealized (gains) losses included in net (income)		8	(96)	(111)	230
Total realized and unrealized (gains) losses included in OCI		0	0	0	0
Purchases		0	0	0	0
Sales		0	0	0	0
Issuances		10	11	23	23
Settlements		(37)	(11)	(78)	(18)
Transfer into Level 3		0	0	0	0
Transfer out of Level 3		0	0	0	0
Ending balance		638	1,029	638	1,029
Total (gains) losses included in net (income) attributable to liabilities still held		7	(95)	(106)	237
Total (gains) losses included in OCI attributable to liabilities still held		0	0	0	0
Policyholder account balances | GMWB embedded derivatives
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	[1]	272	691	379	323
Total realized and unrealized (gains) losses included in net (income)	[1]	(3)	(138)	(116)	224
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]	6	6	12	12
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]	275	559	275	559
Total (gains) losses included in net (income) attributable to liabilities still held	[1]	(4)	(137)	(111)	231
Total (gains) losses included in OCI attributable to liabilities still held	[1]	0	0	0	0
Policyholder account balances | Fixed index annuity embedded derivatives
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		362	413	399	452
Total realized and unrealized (gains) losses included in net (income)		14	45	18	13
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		(37)	(11)	(78)	(18)
Transfer into Level 3		0	0	0	0
Transfer out of Level 3		0	0	0	0
Ending balance		339	447	339	447
Total (gains) losses included in net (income) attributable to liabilities still held		14	45	18	13
Total (gains) losses included in OCI attributable to liabilities still held		0	0	0	0
Policyholder account balances | Indexed universal life embedded derivatives
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		23	21	26	19
Total realized and unrealized (gains) losses included in net (income)		(3)	(3)	(13)	(7)
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	5	11	11
Settlements		0	0	0	0
Transfer into Level 3		0	0	0	0
Transfer out of Level 3		0	0	0	0
Ending balance		24	23	24	23
Total (gains) losses included in net (income) attributable to liabilities still held		(3)	(3)	(13)	(7)
Total (gains) losses included in OCI attributable to liabilities still held		$ 0	$ 0	$ 0	$ 0
[1]	Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.

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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total realized and unrealized (gains) losses included in net (income) loss, liabilities	$ 8	$ (96)	$ (111)	$ 230
Total (gains) losses included in net (income) loss attributable to liabilities still held, liabilities	7	(95)	(106)	237
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	8	(96)	(111)	230
Total (gains) losses included in net (income) loss attributable to liabilities still held, liabilities	$ 7	$ (95)	$ (106)	$ 237

Fair Value Financial Instrument

Fair Value Financial Instruments Not Required to Be Carried at Fair Value (Detail) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans	$ 6,879	$ 6,743
Liabilities:
Long-term borrowings	2,924	3,403
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans	0	0
Bank loan investments	0	0
Liabilities:
Long-term borrowings	0	0
Investment contracts	0	0
Level 1 | Commitments to fund limited partnerships
Liabilities:
Off-balance sheet risk	0	0
Level 1 | Commitments to fund bank loan investments
Liabilities:
Off-balance sheet risk	0	0
Level 1 | Ordinary course of business lending commitments
Liabilities:
Off-balance sheet risk	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans	0	0
Bank loan investments	0	0
Liabilities:
Long-term borrowings	2,813	3,090
Investment contracts	0	0
Level 2 | Commitments to fund limited partnerships
Liabilities:
Off-balance sheet risk	0	0
Level 2 | Commitments to fund bank loan investments
Liabilities:
Off-balance sheet risk	0	0
Level 2 | Ordinary course of business lending commitments
Liabilities:
Off-balance sheet risk	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans	7,270	7,145
Bank loan investments	314	354
Liabilities:
Long-term borrowings	0	0
Investment contracts	10,172	11,353
Level 3 | Commitments to fund limited partnerships
Liabilities:
Off-balance sheet risk	0	0
Level 3 | Commitments to fund bank loan investments
Liabilities:
Off-balance sheet risk	0	0
Level 3 | Ordinary course of business lending commitments
Liabilities:
Off-balance sheet risk	0	0
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans	6,879	6,743
Bank loan investments	308	344
Liabilities:
Long-term borrowings	2,924	3,403
Investment contracts	9,360	10,276
Carrying value | Commitments to fund limited partnerships
Liabilities:
Off-balance sheet risk	0	0
Carrying value | Commitments to fund bank loan investments
Liabilities:
Off-balance sheet risk	0	0
Carrying value | Ordinary course of business lending commitments
Liabilities:
Off-balance sheet risk	0	0
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans	7,270	7,145
Bank loan investments	314	354
Liabilities:
Long-term borrowings	2,813	3,090
Investment contracts	10,172	11,353
Fair value | Commitments to fund limited partnerships
Liabilities:
Off-balance sheet risk	0	0
Fair value | Commitments to fund bank loan investments
Liabilities:
Off-balance sheet risk	0	0
Fair value | Ordinary course of business lending commitments
Liabilities:
Off-balance sheet risk	0	0
Notional amount | Commitments to fund limited partnerships
Liabilities:
Off-balance sheet risk	1,187	1,090
Notional amount | Commitments to fund bank loan investments
Liabilities:
Off-balance sheet risk	273	32
Notional amount | Ordinary course of business lending commitments
Liabilities:
Off-balance sheet risk	$ 156	$ 117

Changes in Liability for Policy

Changes in Liability for Policy and Contract Claims (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Beginning balance	$ 11,486
Ending balance	11,546
Long-term Care Insurance
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Beginning balance	11,486	$ 10,750
Less reinsurance recoverables	(2,431)	(2,406)
Net beginning balance	9,055	8,344
Current year	1,991	2,178
Prior years	(332)	(258)
Total incurred	1,659	1,920
Current year	(477)	(434)
Prior years	(1,255)	(1,298)
Total paid	(1,732)	(1,732)
Interest on liability for policy and contract claims	202	205
Foreign currency translation	0	(2)
Net ending balance	9,184	8,735
Add reinsurance recoverables	2,362	2,319
Ending balance	$ 11,546	$ 11,054

Liability for Policy and Cont_3

Liability for Policy and Contract Claims - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Long-term Care Insurance
Liability for Claims and Claims Adjustment Expense [Line Items]
Incurred related to insured events of prior year	$ (332)	$ (258)

Borrowings - Long Term Borrowin

Borrowings - Long Term Borrowings (Detail) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total		$ 2,924	$ 3,403
Genworth Holdings
Debt Instrument [Line Items]
Long-term borrowings	[1]	2,209	2,693
Bond consent fees	[1]	(16)	(19)
Deferred borrowing charges	[1]	(8)	(9)
Total	[1]	2,185	2,665
Genworth Holdings | 7.20% Senior Notes, Due 2021
Debt Instrument [Line Items]
Long-term borrowings	[1]	0	338
Genworth Holdings | 7.625% Senior Notes, Due 2021
Debt Instrument [Line Items]
Long-term borrowings	[1]	514	660
Genworth Holdings | 4.90% Senior Notes, Due 2023
Debt Instrument [Line Items]
Long-term borrowings	[1]	400	400
Genworth Holdings | 4.80% Senior Notes, Due 2024
Debt Instrument [Line Items]
Long-term borrowings	[1]	400	400
Genworth Holdings | 6.50% Senior Notes, Due 2034
Debt Instrument [Line Items]
Long-term borrowings	[1]	297	297
Genworth Holdings | Floating Rate Junior Subordinated Notes, due 2066
Debt Instrument [Line Items]
Long-term borrowings	[1]	598	598
Enact Holdings
Debt Instrument [Line Items]
Deferred borrowing charges		(11)	(12)
Total		739	738
Enact Holdings | 6.50% Senior Notes, Due 2025
Debt Instrument [Line Items]
Long-term borrowings	[2]	$ 750	$ 750
[1]	We have the option to redeem all or a portion of the senior notes at any time with notice to the noteholders at a price equal to the greater of 100% of principal or the sum of the present value of the remaining scheduled payments of principal and interest discounted at the then-current treasury rate plus an applicable spread.
[2]	Senior notes issued by Enact Holdings, our wholly-owned U.S. mortgage insurance subsidiary, who has the option to redeem the notes in whole or in part at any time prior to February 15, 2025, by paying a make-whole premium plus accrued and unpaid interest.

Borrowings - Long Term Borrow_2

Borrowings - Long Term Borrowings (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021
7.20% Senior Notes, Due 2021 | Genworth Holdings
Debt Instrument [Line Items]
Interest rate	7.20%
Debt instrument, maturity year	2021
7.625% Senior Notes, Due 2021 | Genworth Holdings
Debt Instrument [Line Items]
Interest rate	7.625%	7.625%
Debt instrument, maturity year	2021
4.90% Senior Notes, Due 2023 | Genworth Holdings
Debt Instrument [Line Items]
Interest rate	4.90%
Debt instrument, maturity year	2023
4.80% Senior Notes, Due 2024 | Genworth Holdings
Debt Instrument [Line Items]
Interest rate	4.80%
Debt instrument, maturity year	2024
6.50% Senior Notes, Due 2034 | Genworth Holdings
Debt Instrument [Line Items]
Interest rate	6.50%
Debt instrument, maturity year	2034
Floating Rate Junior Subordinated Notes, due 2066 | Genworth Holdings
Debt Instrument [Line Items]
Debt instrument, maturity year	2066
6.50% Senior Notes, Due 2025 | Enact Holdings
Debt Instrument [Line Items]
Interest rate	6.50%
Debt instrument, maturity year	2025

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($) $ in Millions	Jul. 21, 2021	Mar. 31, 2021	Feb. 16, 2021	Jan. 31, 2020	Jan. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Debt Instrument [Line Items]
Pre-tax gain (loss) on early extinguishment of debt						$ 0	$ 3	$ (4)	$ (9)
Genworth Holdings
Debt Instrument [Line Items]
Debt instrument, maturity month and year				2020-06
Pre-tax make-whole expense on redemption of senior notes					$ 9
Genworth Holdings | 7.20% Senior Notes, Due 2021
Debt Instrument [Line Items]
Debt instrument, maturity date			Feb. 16, 2021
Interest rate			7.20%
Aggregate principal amount of notes redeemed			$ 338
Redemption of senior notes			$ 350
Genworth Holdings | 7.625% Senior Notes, Due 2021
Debt Instrument [Line Items]
Interest rate		7.625%				7.625%		7.625%
Debt instrument, maturity month and year								2021-09
Pre-tax gain (loss) on early extinguishment of debt		$ 4
Aggregate principal amount of notes repurchased		$ 146
Genworth Holdings | 7.625% Senior Notes, Due 2021 | Subsequent Event [Member]
Debt Instrument [Line Items]
Interest rate	7.625%
Aggregate principal amount of notes redeemed	$ 513
Early redemption of senior notes	532
Pre-tax make-whole expense on redemption of senior notes	6
Interest paid	$ 13

Reconciliation of Federal Statu

Reconciliation of Federal Statutory Tax Rate to Effective Income Tax Rate (Detail)		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	[1]
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	[2]	2.10%	9.20%	2.90%	97.20%
Stock-based compensation		0.00%	0.20%	0.10%	14.60%
Non-deductible expense		0.70%	1.30%	0.60%	14.50%
Tax favored investments		(0.30%)	(1.60%)	(0.40%)	(16.30%)
Other, net		(0.10%)	(0.60%)	0.00%	7.50%
Effective rate		23.40%	29.50%	24.20%	138.50%
[1]	For the six months ended June 30, 2020, the effective tax rate of 138.5% and the associated higher percentages included in the effective tax rate reconciliation are principally due to the prior year low pre-tax income.
[2]	Tax Cuts and Jobs Act.

Reconciliation of Federal Sta_2

Reconciliation of Federal Statutory Tax Rate to Effective Income Tax Rate (Parenthetical) (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Effective rate	23.40%	29.50%	24.20%	138.50%	[1]
[1]	For the six months ended June 30, 2020, the effective tax rate of 138.5% and the associated higher percentages included in the effective tax rate reconciliation are principally due to the prior year low pre-tax income.

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Millions	Jan. 31, 2020	Jan. 31, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)Segment	Jun. 30, 2020USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment					3
Corporate federal income tax rate			21.00%	21.00%	21.00%	21.00%	[1]
Assumed tax rate on adjustments to adjusted operating income (loss)					21.00%
Expenses related to restructuring			$ 5	$ 1	$ 26	$ 2
Pre-tax gain (loss) on early extinguishment of debt			$ 0	3	(4)	(9)
Floating Rate Subordinated Notes Due in 2050 | Non-Recourse Funding Obligations
Segment Reporting Information [Line Items]
Pre-tax gain (loss) on early extinguishment of debt		$ 4
Redemption of secured debt		$ 315
Debt instrument, maturity year		2050
Genworth Holdings
Segment Reporting Information [Line Items]
Pre-tax make-whole expense		$ 9
Debt instrument, maturity month and year	2020-06
Genworth Holdings | Senior Notes 2021
Segment Reporting Information [Line Items]
Pre-tax gain (loss) on early extinguishment of debt				3	$ 4	4
Debt instrument, maturity year					2021
Debt instrument, maturity month and year					2021-09
Repayments of Senior Debt				$ 52	$ 146	$ 66
[1]	For the six months ended June 30, 2020, the effective tax rate of 138.5% and the associated higher percentages included in the effective tax rate reconciliation are principally due to the prior year low pre-tax income.

Summary of Segments and Corpora

Summary of Segments and Corporate and Other Activities (Detail) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Assets related to discontinued operations	$ 0	$ 2,817
Total assets	100,650	105,747
Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	100,650	102,930
Discontinued Operations
Segment Reporting Information [Line Items]
Assets related to discontinued operations	0	2,817
Enact Segment | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	5,845	5,627
U.S. Life Insurance | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	82,522	84,671
Runoff | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	9,593	9,735
Corporate and Other | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	$ 2,690	$ 2,897

Summary of Revenues for Segment

Summary of Revenues for Segments and Corporate and Other Activities (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Revenues	$ 2,041	$ 2,003	$ 4,026	$ 3,812
Segment, Continuing Operations
Segment Reporting Information [Line Items]
Revenues	2,041	2,003	4,026	3,812
Segment, Continuing Operations | Enact Segment
Segment Reporting Information [Line Items]
Revenues	276	274	564	535
Segment, Continuing Operations | Long-term Care Insurance
Segment Reporting Information [Line Items]
Revenues	1,226	1,200	2,366	2,206
Segment, Continuing Operations | Life Insurance
Segment Reporting Information [Line Items]
Revenues	329	335	677	683
Segment, Continuing Operations | Fixed Annuities
Segment Reporting Information [Line Items]
Revenues	122	129	254	262
Segment, Continuing Operations | U.S. Life Insurance
Segment Reporting Information [Line Items]
Revenues	1,677	1,664	3,297	3,151
Segment, Continuing Operations | Runoff
Segment Reporting Information [Line Items]
Revenues	88	90	164	97
Segment, Continuing Operations | Corporate and Other
Segment Reporting Information [Line Items]
Revenues	$ 0	$ (25)	$ 1	$ 29

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		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Net income (loss) available to Genworth Financial, Inc.'s common stockholders		$ 240	$ (441)	$ 427	$ (507)
Add: net income from continuing operations attributable to noncontrolling interests		0	0	0	0
Add: net income from discontinued operations attributable to noncontrolling interests		0	23	8	17
Net income (loss)		240	(418)	435	(490)
Less: income (loss) from discontinued operations, net of taxes		(5)	(473)	16	(485)
Income (loss) from continuing operations		245	55	419	(5)
Less: net income (loss) from continuing operations attributable to noncontrolling interests		0	0	0	0
Income (loss) from continuing operations available to Genworth Financial, Inc.'s common stockholders		245	55	419	(5)
Net investment (gains) losses, net	[1]	(70)	(97)	(103)	(9)
(Gains) losses on early extinguishment of debt		0	(3)	4	9
Expenses related to restructuring		5	1	26	2
Taxes on adjustments		14	21	16	0
Adjusted operating income (loss) available to Genworth Financial, Inc.'s common stockholders		194	(23)	362	(3)
Segment, Continuing Operations
Segment Reporting Information [Line Items]
Net income (loss)		240	(418)	435	(490)
Income (loss) from continuing operations		245	55	419	(5)
Segment, Continuing Operations | Enact Segment
Segment Reporting Information [Line Items]
Adjusted operating income (loss) available to Genworth Financial, Inc.'s common stockholders		135	(3)	261	145
Segment, Continuing Operations | Long-term Care Insurance
Segment Reporting Information [Line Items]
Adjusted operating income (loss) available to Genworth Financial, Inc.'s common stockholders		98	48	193	49
Segment, Continuing Operations | Life Insurance
Segment Reporting Information [Line Items]
Adjusted operating income (loss) available to Genworth Financial, Inc.'s common stockholders		(40)	(81)	(103)	(158)
Segment, Continuing Operations | Fixed Annuities
Segment Reporting Information [Line Items]
Adjusted operating income (loss) available to Genworth Financial, Inc.'s common stockholders		13	28	43	34
Segment, Continuing Operations | U.S. Life Insurance
Segment Reporting Information [Line Items]
Adjusted operating income (loss) available to Genworth Financial, Inc.'s common stockholders		71	(5)	133	(75)
Segment, Continuing Operations | Runoff
Segment Reporting Information [Line Items]
Adjusted operating income (loss) available to Genworth Financial, Inc.'s common stockholders		15	24	27	11
Segment, Continuing Operations | Corporate and Other
Segment Reporting Information [Line Items]
Adjusted operating income (loss) available to Genworth Financial, Inc.'s common stockholders		$ (27)	$ (39)	$ (59)	$ (84)
[1]	For the three and six months ended June 30, 2020, net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves of $(4) million and $(15) million, respectively.

Summary of Net Operating Inco_2

Summary of Net Operating Income (Loss) for Segments and Corporate and Other Activities (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Net Investment (Gains) Losses
Segment Reporting Information [Line Items]
Adjustment for DAC and other intangibles and certain benefit reserves	$ (4)	$ (15)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	Jul. 17, 2020	Jan. 31, 2020	Jan. 31, 2021	Dec. 31, 2019	Jun. 30, 2021	Sep. 11, 2019
Commitments to Fund Limited Partnerships
Commitments and Contingencies Disclosure [Line Items]
Off-balance sheet risk					$ 1,187
Commitments to fund U.S. commercial mortgage loan investments
Commitments and Contingencies Disclosure [Line Items]
Off-balance sheet risk					58
Commitments to Fund Private Placement Investments
Commitments and Contingencies Disclosure [Line Items]
Off-balance sheet risk					98
Commitments to Fund Bank Loan Investments
Commitments and Contingencies Disclosure [Line Items]
Off-balance sheet risk					$ 273
Other Litigation
Commitments and Contingencies Disclosure [Line Items]
Plaintiff's Motion Dismissed		$ 395
Loss Contingency, Damages Sought	$ 5		$ 5
Plaintiffs' motion		$ 15		$ 410
Restricted cash proceeds on sale per litigation						$ 450

Component of Changes in Accumul

Component of Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		$ 3,675	$ 3,815	$ 4,425	$ 3,433
OCI before reclassifications		193	787	(372)	1,158
Amounts reclassified from (to) OCI		(34)	(118)	(72)	(154)
Total other comprehensive income (loss)		159	669	(444)	1,004
Balances before nonnontrolling interests		3,834	4,484	3,981	4,437
Less: change in OCI attributable to noncontrolling interests		0	37	147	(10)
Ending balance		3,834	4,447	3,834	4,447
Net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[1]	1,919	1,140	2,214	1,456
OCI before reclassifications	[1]	(54)	762	(370)	448
Amounts reclassified from (to) OCI	[1]	0	(88)	(4)	(94)
Total other comprehensive income (loss)	[1]	(54)	674	(374)	354
Balances before nonnontrolling interests	[1]	1,865	1,814	1,840	1,810
Less: change in OCI attributable to noncontrolling interests	[1]	0	3	(25)	(1)
Ending balance	[1]	1,865	1,811	1,865	1,811
Derivatives qualifying as hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[2]	1,792	2,755	2,211	2,002
OCI before reclassifications	[2]	245	(48)	(140)	735
Amounts reclassified from (to) OCI	[2]	(34)	(30)	(68)	(60)
Total other comprehensive income (loss)	[2]	211	(78)	(208)	675
Balances before nonnontrolling interests	[2]	2,003	2,677	2,003	2,677
Less: change in OCI attributable to noncontrolling interests	[2]	0	0	0	0
Ending balance	[2]	2,003	2,677	2,003	2,677
Foreign currency translation and other adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(36)	(80)	0	(25)
OCI before reclassifications		2	73	138	(25)
Amounts reclassified from (to) OCI		0	0	0	0
Total other comprehensive income (loss)		2	73	138	(25)
Balances before nonnontrolling interests		(34)	(7)	138	(50)
Less: change in OCI attributable to noncontrolling interests		0	34	172	(9)
Ending balance		$ (34)	$ (41)	$ (34)	$ (41)
[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	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrecognized postretirement benefit obligation, current period OCI	$ (15)
Unrecognized postretirement benefit obligation, current period OCI, tax	4
Foreign currency translation and other adjustments, current period OCI, tax	$ (1)	$ 22

Reclassifications In (Out) of A

Reclassifications In (Out) of Accumulated Other Comprehensive Income (Loss), Net of Taxes (Detail) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income		$ (844)	$ (779)	$ (1,645)	$ (1,561)
Net investment (gains) losses		(70)	(93)	(103)	6
Income taxes		75	23	134	18
(Income) loss from continuing operations		(245)	(55)	(419)	5
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]	0	(112)	(5)	(119)
Income taxes		0	24	1	25
(Income) loss from continuing operations		0	(88)	(4)	(94)
Amount reclassified from accumulated other comprehensive income (loss) | Derivatives qualifying as hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income taxes		18	16	36	33
(Income) loss from continuing operations		(34)	(30)	(68)	(60)
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		(52)	(46)	(104)	(89)
Net investment (gains) losses		$ 0	$ 0	$ 0	$ (4)
[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 Australia Mortgage Insurance Business (Detail) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Investments:
Fixed maturity securities available-for-sale, at fair value	$ 61,649	$ 63,495
Equity securities, at fair value	147	386
Other invested assets	2,260	2,099
Total investments	73,018	74,701
Cash, cash equivalents and restricted cash	2,214	2,561	$ 2,523
Accrued investment income	573	655
Deferred acquisition costs	1,212	1,487
Intangible assets	151	157
Other assets	403	404
Deferred tax asset	211	65
Assets related to discontinued operations	0	2,817
Liabilities
Liability for policy and contract claims	11,546	11,486
Unearned premiums	695	775
Other liabilities	1,664	1,614
Long-term borrowings	2,924	3,403
Liabilities related to discontinued operations	346	2,370
Genworth Australia
Investments:
Fixed maturity securities available-for-sale, at fair value	0	2,295
Equity securities, at fair value	0	90
Other invested assets	0	154
Total investments	0	2,539
Cash, cash equivalents and restricted cash	0	95
Accrued investment income	0	16
Deferred acquisition costs	0	42
Intangible assets	0	43
Other assets	0	40
Deferred tax asset	0	42
Assets related to discontinued operations	0	2,817
Liabilities
Liability for policy and contract claims	0	331
Unearned premiums	0	1,193
Other liabilities	0	104
Long-term borrowings	0	145
Liabilities related to discontinued operations	$ 0	$ 1,773

Summary of Operating Results Re

Summary of Operating Results Related to Discontinued Operations (Detail) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues:
Premiums		$ 947	$ 957	$ 1,915	$ 1,903
Net investment income		844	779	1,645	1,561
Net investment gains (losses)		70	93	103	(6)
Policy fees and other income		180	174	363	354
Benefits and expenses:
Benefits and other changes in policy reserves		1,161	1,447	2,379	2,784
Acquisition and operating expenses, net of deferrals		304	210	579	447
Amortization of deferred acquisition costs and intangibles		86	87	163	195
Total benefits and expenses		1,721	1,925	3,473	3,799
Income from discontinued operations, net of taxes		(5)	(473)	16	(485)
Less: net income from discontinued operations attributable to noncontrolling interests		0	23	8	17
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders		(5)	(496)	8	(502)
Assets Held For Sale Related To Discontinued Operations | Genworth Australia
Revenues:
Premiums		0	62	51	131
Net investment income		0	7	4	18
Net investment gains (losses)		0	66	(5)	13
Policy fees and other income		0	0	0	1
Total revenues		0	135	50	163
Benefits and expenses:
Benefits and other changes in policy reserves		0	39	11	63
Acquisition and operating expenses, net of deferrals		0	13	7	25
Amortization of deferred acquisition costs and intangibles		0	6	6	14
Goodwill impairment		0	5	0	5
Interest expense		0	2	1	3
Total benefits and expenses		0	65	25	110
Income before income taxes and loss on sale	[1]	0	70	25	53
Provision for income taxes		0	23	8	18
Income before loss on sale		0	47	17	35
Loss on sale, net of taxes		0	0	(3)	0
Income from discontinued operations, net of taxes		0	47	14	35
Less: net income from discontinued operations attributable to noncontrolling interests		0	23	8	17
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders		$ 0	$ 24	$ 6	$ 18
[1]	The three months ended June 30, 2020, includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $37 million. The six months ended June 30, 2021 and 2020, includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $13 million and $28 million, respectively.

Summary of Operating Results _2

Summary of Operating Results Related to Discontinued Operations (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Genworth Australia | Parent Company [Member]
Discontinued operation pretax income attributable to parent	$ 37	$ 13	$ 28

Discontinued Operations - Summa

Discontinued Operations - Summary of Liabilities Related to Discontinued Operations (Detail) - AXA Settlement Agreement £ in Millions, $ in Millions		6 Months Ended		12 Months Ended
		Jun. 30, 2021GBP (£)	Jun. 30, 2021USD ($)	Dec. 31, 2020GBP (£)	Dec. 31, 2020USD ($)	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Installment payments due to AXA:
Prepayments	[1]			£ 0	$ 0
Amounts billed as future losses		£ 41	$ 56	29	39
Total amounts due under the promissory note		211		346		$ 292	$ 473
Future claims:
Estimated beginning balance		79	108	107	146
Change in estimated future claims		0	0	1	1
Less: Amounts billed to date		(41)	(56)	(29)	(39)
Estimated future billings		38	52	79	108
Total amounts due to AXA under the settlement agreement	[2]	249		425		$ 344	$ 581
June 2022
Installment payments due to AXA:
Beginning balance		159	217	159	217
Prepayments	[1]	(159)	(217)
Ending balance		0	0	159	217
September 2022
Installment payments due to AXA:
Beginning balance		187	256	158	217
Prepayments	[1]	(17)	(28)	0	0
Amounts billed as future losses		41	56	29	39
Foreign exchange and other		0	8	0	0
Ending balance		211	292	187	256
Future claims:
Less: Amounts billed to date		£ (41)	$ (56)	£ (29)	$ (39)
[1]	On March 3, 2021, we completed the sale of Genworth Australia and received net proceeds of approximately AUD483 million ($370 million). The sale of Genworth Australia resulted in a mandatory principal payment of approximately £176 million ($245 million) related to our outstanding secured promissory note issued to AXA, dated as of July 20, 2020, as amended by the parties in connection with the Genworth Australia sale.
[2]	Amounts exclude accrued interest on the promissory note and certain other expenses. As of June 30, 2021, due principally to the mandatory payment made in connection with the Genworth Australia sale, we reduced the amount of accrued interest payable on the promissory note resulting in a reduction in the total amount owed to AXA of approximately $2 million.

Discontinued Operations - Sum_2

Discontinued Operations - Summary of Liabilities Related to Discontinued Operations (Parenthetical) (Detail) £ in Millions, $ in Millions, $ in Millions		Mar. 03, 2021USD ($)	Mar. 03, 2021AUD ($)	Mar. 03, 2021GBP (£)	Dec. 31, 2020USD ($)	Dec. 31, 2020GBP (£)
Genworth Mortgage Insurance Australia Limited [Member]
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Proceeds from sale of disposal group including discontinuing operations		$ 370	$ 483
AXA Settlement Agreement Promissory Note [Member]
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Prepayments	[1]				$ 0	£ 0
AXA Settlement Agreement Promissory Note [Member] | Mandatory Payment [Member] | Promissory Note [Member] | Discontinued Operations [Member] | Genworth Mortgage Insurance Australia Limited [Member]
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Prepayments		245		£ 176
Increase decrease in accrued interest		$ 2
[1]	On March 3, 2021, we completed the sale of Genworth Australia and received net proceeds of approximately AUD483 million ($370 million). The sale of Genworth Australia resulted in a mandatory principal payment of approximately £176 million ($245 million) related to our outstanding secured promissory note issued to AXA, dated as of July 20, 2020, as amended by the parties in connection with the Genworth Australia sale.

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) € in Millions, £ in Millions, $ in Millions, $ in Millions	Mar. 31, 2021USD ($)	Mar. 31, 2021GBP (£)	Mar. 03, 2021USD ($)	Mar. 03, 2021AUD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2021EUR (€)	Mar. 31, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Unrelated liability					$ 4				$ 4		$ 16
Underwriting Liability [Member] | AXA [Member]
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Adjustments to underwriting loss									4
Cash settlement payment, underwriting losses					18	€ 15
Genworth Mortgage Insurance Australia Limited
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Proceeds from sale of disposal group including discontinuing operations			$ 370	$ 483
Disposal group discontinued operations after tax loss on sale of the business							$ 3
After-tax favorable adjustment							$ 11
AXA Settlement Agreement
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Income loss from discontinued operations after tax					$ 4			$ 520	$ 5	$ 520
AXA Settlement Agreement | Discontinued Operations | Promissory Note
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Debt instrument interest rate					2.75%				2.75%
Percent Of Security Interest Pledged					19.90%				19.90%
Proceeds from Issuance of debt gross									$ 750
Proceeds from Issuance or Sale of Equity									$ 475
AXA Settlement Agreement Promissory Note | Discontinued Operations | Promissory Note | Genworth Mortgage Insurance Australia Limited | Mandatory Payment
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Repayment of mandatory principal payment	$ 245	£ 176