Genworth Financial (GNW) 10-Q 5 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	Apr. 26, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001276520
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
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		510,505,341

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Assets
Fixed maturity securities available-for-sale, at fair value (amortized cost of $52,280 and $52,611 and allowance for credit losses of $— as of March 31, 2022 and December 31, 2021)	$ 55,027	$ 60,480
Equity securities, at fair value	230	198
Commercial mortgage loans (net of unamortized balance of loan origination fees and costs of $4 as of March 31, 2022 and December 31, 2021)	6,938	6,856
Less: Allowance for credit losses	(25)	(26)
Commercial mortgage loans, net	6,913	6,830
Policy loans	2,028	2,050
Limited partnerships	2,007	1,900
Other invested assets	671	820
Total investments	66,876	72,278
Cash, cash equivalents and restricted cash	1,291	1,571
Accrued investment income	696	647
Deferred acquisition costs	1,310	1,146
Intangible assets	159	143
Reinsurance recoverable	16,821	16,868
Less: Allowance for credit losses	(57)	(55)
Reinsurance recoverable, net	16,764	16,813
Other assets	440	388
Deferred tax asset	421	119
Separate account assets	5,530	6,066
Total assets	93,487	99,171
Liabilities and equity
Future policy benefits	38,897	41,528
Policyholder account balances	18,197	19,354
Liability for policy and contract claims	11,833	11,841
Unearned premiums	639	672
Other liabilities	1,416	1,511
Long-term borrowings	1,819	1,899
Separate account liabilities	5,530	6,066
Liabilities related to discontinued operations	4	34
Total liabilities	78,335	82,905
Commitments and contingencies
Equity:
Class A common stock, $0.001 par value; 1.5 billion shares authorized; 598 million and 596 million shares issued as of March 31, 2022 and December 31, 2021, respectively; 510 million and 508 million shares outstanding as of March 31, 2022 and December 31, 2021, respectively	1	1
Additional paid-in capital	11,857	11,858
Accumulated other comprehensive income (loss)	2,610	3,861
Retained earnings	2,639	2,490
Treasury stock, at cost (88 million shares as of March 31, 2022 and December 31, 2021)	(2,700)	(2,700)
Total Genworth Financial, Inc.'s stockholders' equity	14,407	15,510
Noncontrolling interests	745	756
Total equity	15,152	16,266
Total liabilities and equity	$ 93,487	$ 99,171

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt securities amortized costs	$ 52,280	$ 52,611
Debt securities allowance for credit losses	0	0
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	598,000,000	596,000,000
Class A common stock, shares outstanding	510,000,000	508,000,000
Treasury stock, shares	88,000,000	88,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Revenues:
Premiums		$ 931	$ 968
Net investment income		764	801
Net investment gains (losses)		28	33
Policy fees and other income		169	183
Total revenues		1,892	1,985
Benefits and expenses:
Benefits and other changes in policy reserves		1,139	1,218
Interest credited		125	131
Acquisition and operating expenses, net of deferrals		271	275
Amortization of deferred acquisition costs and intangibles		92	77
Interest expense		26	51
Total benefits and expenses		1,653	1,752
Income from continuing operations before income taxes		239	233
Provision for income taxes		58	59
Income from continuing operations		181	174
Income (loss) from discontinued operations, net of taxes		(2)	21
Net income		179	195
Less: net income from continuing operations attributable to noncontrolling interests		30	0
Less: net income from discontinued operations attributable to noncontrolling interests		0	8
Net income available to Genworth Financial, Inc.'s common stockholders		149	187
Net income available to Genworth Financial, Inc.'s common stockholders:
Income from continuing operations available to Genworth Financial, Inc.‘s common stockholders		151	174
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders		(2)	13
Net income available to Genworth Financial, Inc.'s common stockholders		$ 149	$ 187
Income from continuing operations available to Genworth Financial, Inc.‘s common stockholders per share:
Basic		$ 0.30	$ 0.35
Diluted		0.29	0.34
Net income available to Genworth Financial, Inc.'s common stockholders per share:
Basic	[1]	0.29	0.37
Diluted	[1]	$ 0.29	$ 0.37
Weighted-average common shares outstanding:
Basic		508.3	506
Diluted		517.4	513.8
[1]	May not total due to whole number calculation.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net income	$ 179	$ 195
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities without an allowance for credit losses	(1,051)	(322)
Net unrealized gains (losses) on securities with an allowance for credit losses	0	2
Derivatives qualifying as hedges	(236)	(419)
Foreign currency translation and other adjustments	(5)	136
Total other comprehensive income (loss)	(1,292)	(603)
Total comprehensive loss	(1,113)	(408)
Less: comprehensive income (loss) attributable to noncontrolling interests	(11)	155
Total comprehensive loss available to Genworth Financial, Inc.'s common stockholders	$ (1,102)	$ (563)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions	Total	Common stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Retained earnings	Treasury stock, at cost	Total Genworth Financial, Inc.‘s stockholders' equity	Noncontrolling interests
Balances, beginning at Dec. 31, 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	195	0	0	0	187	0	187	8
Other comprehensive income (loss), net of taxes	(603)	0	0	(750)	0	0	(750)	147
Total comprehensive loss	(408)						(563)	155
Stock-based compensation expense and exercises and other	3	0	3	0	0	0	3	0
Balances, ending at Mar. 31, 2021	14,758	1	12,011	3,675	1,771	(2,700)	14,758	0
Balances, beginning at Dec. 31, 2021	16,266	1	11,858	3,861	2,490	(2,700)	15,510	756
Comprehensive income (loss):
Net income	179	0	0	0	149	0	149	30
Other comprehensive income (loss), net of taxes	(1,292)	0	0	(1,251)	0	0	(1,251)	(41)
Total comprehensive loss	(1,113)						(1,102)	(11)
Stock-based compensation expense and exercises and other	(1)	0	(1)	0	0	0	(1)	0
Balances, ending at Mar. 31, 2022	$ 15,152	$ 1	$ 11,857	$ 2,610	$ 2,639	$ (2,700)	$ 14,407	$ 745

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from (used by) operating activities:
Net income	$ 179	$ 195
Less (income) loss from discontinued operations, net of taxes	2	(21)
Adjustments to reconcile net income to net cash used by operating activities:
Amortization of fixed maturity securities discounts and premiums	(34)	(32)
Net investment (gains) losses	(28)	(33)
Charges assessed to policyholders	(150)	(159)
Acquisition costs deferred	(2)	(2)
Amortization of deferred acquisition costs and intangibles	92	77
Deferred income taxes	57	59
Derivative instruments, limited partnerships and other	(105)	(113)
Stock-based compensation expense	10	11
Change in certain assets and liabilities:
Accrued investment income and other assets	(43)	(58)
Insurance reserves	249	326
Current tax liabilities	0	(4)
Other liabilities, policy and contract claims and other policy-related balances	(289)	(319)
Cash used by operating activities — discontinued operations	(30)	(174)
Net cash used by operating activities	(92)	(247)
Cash flows from (used by) investing activities:
Fixed maturity securities	730	1,031
Commercial mortgage loans	115	129
Limited partnerships and other invested assets	51	44
Proceeds from sales of investments:
Fixed maturity and equity securities	581	777
Purchases and originations of investments:
Fixed maturity and equity securities	(969)	(1,647)
Commercial mortgage loans	(197)	(142)
Limited partnerships and other invested assets	(137)	(91)
Short-term investments, net	(50)	28
Policy loans, net	14	3
Proceeds from sale of business, net of cash transferred	0	270
Cash used by investing activities — discontinued operations	0	(67)
Net cash from investing activities	138	335
Cash flows from (used by) financing activities:
Deposits to universal life and investment contracts	159	176
Withdrawals from universal life and investment contracts	(418)	(578)
Repayment and repurchase of long-term debt	(82)	(470)
Other, net	15	92
Net cash used by financing activities	(326)	(780)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (includes $— and $(1) related to discontinued operations)	0	0
Net change in cash, cash equivalents and restricted cash	(280)	(692)
Cash, cash equivalents and restricted cash at beginning of period	1,571	2,656
Cash, cash equivalents and restricted cash at end of period	1,291	1,964
Less cash, cash equivalents and restricted cash of discontinued operations at end of period	0	0
Cash, cash equivalents and restricted cash of continuing operations at end of period	$ 1,291	$ 1,964

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Cash Flows [Abstract]
Discontinued operations exchange rate effect	$ 0	$ (1)

Formation of Genworth and Basis

Formation of Genworth and Basis of Presentation	3 Months Ended
	Mar. 31, 2022
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 its common stock, which was completed on May 28, 2004. On April 1, 2013, Genworth Holdings completed a holding company reorganization pursuant to which Genworth Holdings became a direct, 100% owned subsidiary of a new public holding company that it had formed. The new public holding company was incorporated in Delaware on December 5, 2012, in connection with the reorganization, and was renamed Genworth Financial, Inc. (“Genworth Financial”) upon the completion of the reorganization. The accompanying unaudited condensed financial statements include on a consolidated basis the accounts of Genworth Financial and its affiliate companies in which it holds a majority voting interest or power to direct activities of certain variable interest entities (“VIE”), which on a consolidated basis is referred to as “Genworth,” the “Company,” “we,” “us” or “our” unless the context otherwise requires. All intercompany accounts and transactions have been eliminated in consolidation. References to “Genworth Financial” refer solely to Genworth Financial, Inc., and not to any of its consolidated subsidiaries. We operate our business through the following three operating segments: • Enact. • 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 reported outside of our operating segments, including certain international mortgage insurance businesses and 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 2021 Annual Report on Form 10-K. Certain prior year amounts have been reclassified to conform to the current year presentation. 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.

Accounting Changes

Accounting Changes	3 Months Ended
	Mar. 31, 2022
Disclosue of Accounting Changes [Abstract]
Accounting Changes	(2) Accounting Changes In March 2022, the Financial Accounting Standards Board (the “FASB”) issued new accounting guidance related to troubled debt restructurings and the vintage disclosures included within the accounting guidance for credit losses on financial instruments. The guidance eliminates the recognition and measurement requirements for troubled debt restructurings and requires creditors to instead apply existing guidance related to loan refinancing and restructuring to determine whether a modification results in a new loan or a continuation of an existing loan. The guidance also expands disclosures for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty and requires the presentation of gross write-offs by year of origination. The guidance is currently effective for us on January 1, 2023 using the prospective method, with an option to use the modified retrospective method for the recognition and measurement of troubled debt restructurings. We are permitted to early adopt this new accounting guidance as we adopted the accounting guidance related to credit losses on financial instruments on January 1, 2020. We do not expect any significant impact from this guidance on our consolidated financial statements and disclosures. In August 2018, the FASB issued new accounting guidance that significantly changes the recognition and measurement of long-duration insurance contracts and expands disclosure requirements, which impacts deferred acquisition costs (“DAC”) and liabilities in our U.S. life insurance companies. 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. T retrospective

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share	(3) Earnings Per Share Basic and diluted earnings 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 March 31, (Amounts in millions, except per share amounts) 2022 2021 Weighted-average shares used in basic earnings per share calculations 508.3 506.0 Potentially dilutive securities: Stock options, restricted stock units and other equity-based compensation 9.1 7.8 Weighted-average shares used in diluted earnings per share calculations 517.4 513.8 Income from continuing operations: Income from continuing operations $ 181 $ 174 Less: net income from continuing operations attributable to noncontrolling interests 30 — Income from continuing operations available to Genworth Financial, Inc.’s common stockholders $ 151 $ 174 Basic per share $ 0.30 $ 0.35 Diluted per share $ 0.29 $ 0.34 Income (loss) from discontinued operations: Income (loss) from discontinued operations, net of taxes $ (2 ) $ 21 Less: net income (loss) from discontinued operations attributable to noncontrolling interests — 8 Income (loss) from discontinued operations available to Genworth Financial, Inc.’s common stockholders $ (2 ) $ 13 Basic per share $ — $ 0.02 Diluted per share $ — $ 0.02 Net income: Income from continuing operations $ 181 $ 174 Income (loss) from discontinued operations, net of taxes (2 ) 21 Net income 179 195 Less: net income attributable to noncontrolling interests 30 8 Net income available to Genworth Financial, Inc.’s common stockholders $ 149 $ 187 Basic per share (1) $ 0.29 $ 0.37 Diluted per share (1) $ 0.29 $ 0.37 (1) May not total due to whole number calculation.

Investments

Investments	3 Months Ended
	Mar. 31, 2022
Investments	(4) Investments (a) Net Investment Income Sources of net investment income were as follows for the periods indicated: Three months ended (Amounts in millions) 2022 2021 Fixed maturity securities—taxable $ 580 $ 599 Fixed maturity securities—non-taxable 1 2 Equity securities 2 3 Commercial mortgage loans 81 78 Policy loans 50 50 Limited partnerships 7 31 Other invested assets 63 58 Gross investment income before expenses and fees 784 821 Expenses and fees (20 ) (20 ) Net investment income $ 764 $ 801 (b) Net Investment Gains (Losses) The following table sets forth net investment gains (losses) for the periods indicated: Three months ended (Amounts in millions) 2022 2021 Realized investment gains (losses): Available-for-sale fixed maturity securities: Realized gains $ 10 $ 7 Realized losses (18 ) (3 ) Net realized gains (losses) on available-for-sale fixed maturity securities (8 ) 4 Net realized gains (losses) on equity securities sold — (5 ) Net realized gains (losses) on limited partnerships — 3 Total net realized investment gains (losses) (8 ) 2 Net change in allowance for credit losses on available-for-sale fixed maturity securities — (2 ) Write-down of available-for-sale fixed maturity securities (1) (2 ) (1 ) Net unrealized gains (losses) on equity securities still held (6 ) (8 ) Net unrealized gains (losses) on limited partnerships 35 34 Commercial mortgage loans 1 (1 ) Derivative instruments (2) 4 8 Other 4 1 Net investment gains (losses) $ 28 $ 33 (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 2021 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. There was no allowance for credit losses related to our available-for-sale fixed maturity investments as of and for the three months ended March 31, 2022. 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 March 31, 2021: (Amounts in millions) Beginning Increase Increase Securities Decrease Write-offs Recoveries Ending Fixed maturity securities: Non-U.S. corporate $ 1 $ — $ 2 $ — $ — $ — $ — $ 3 Commercial mortgage-backed 3 — — — — (3 ) — — Total available-for-sale fixed maturity securities $ 4 $ — $ 2 $ — $ — $ (3 ) $ — $ 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) March 31, December 31, Net unrealized gains (losses) on fixed maturity securities without an allowance for credit losses (1) $ 2,747 $ 7,869 Net unrealized gains (losses) on fixed maturity securities with an allowance for credit losses (1) — — Adjustments to DAC, present value of future profits, sales inducements, benefit reserves and policyholder contract balances (1,700 ) (5,487 ) Income taxes, net (223 ) (507 ) Net unrealized investment gains (losses) 824 1,875 Less: net unrealized investment gains (losses) attributable to noncontrolling interests (26 ) 15 Net unrealized investment gains (losses) attributable to Genworth Financial, Inc. $ 850 $ 1,860 (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 three months ended March 31: (Amounts in millions) 2022 2021 Beginning balance $ 1,860 $ 2,214 Unrealized gains (losses) arising during the period: Unrealized gains (losses) on fixed maturity securities (5,130 ) (3,383 ) Adjustment to DAC 237 (174 ) Adjustment to present value of future profits 1 1 Adjustment to sales inducements 22 3 Adjustment to benefit reserves and policyholder contract balances 3,527 3,145 Provision for income taxes 286 92 Change in unrealized gains (losses) on investment securities (1,057 ) (316 ) Reclassification adjustments to net investment (gains) losses, net of taxes of $(2) and $1 6 (4 ) Change in net unrealized investment gains (losses) (1,051 ) (320 ) Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests (41 ) (25 ) Ending balance $ 850 $ 1,919 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 March 31, 2022, 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 $ 3,356 $ 744 $ (3 ) $ — $ 4,097 State and political subdivisions 3,009 206 (81 ) — 3,134 Non-U.S. government 778 48 (42 ) — 784 U.S. corporate: Utilities 4,345 355 (66 ) — 4,634 Energy 2,572 175 (48 ) — 2,699 Finance and insurance 8,026 406 (203 ) — 8,229 Consumer—non-cyclical 5,070 488 (70 ) — 5,488 Technology and communications 3,371 213 (87 ) — 3,497 Industrial 1,301 73 (26 ) — 1,348 Capital goods 2,346 205 (39 ) — 2,512 Consumer—cyclical 1,725 86 (44 ) — 1,767 Transportation 1,133 124 (9 ) — 1,248 Other 381 24 (4 ) — 401 Total U.S. corporate 30,270 2,149 (596 ) — 31,823 Non-U.S. corporate: Utilities 874 19 (15 ) — 878 Energy 1,158 102 (19 ) — 1,241 Finance and insurance 2,129 132 (70 ) — 2,191 Consumer—non-cyclical 665 28 (22 ) — 671 Technology and communications 1,055 61 (17 ) — 1,099 Industrial 918 56 (21 ) — 953 Capital goods 610 25 (16 ) — 619 Consumer—cyclical 316 5 (9 ) — 312 Transportation 392 38 (7 ) — 423 Other 996 86 (16 ) — 1,066 Total non-U.S. corporate 9,113 552 (212 ) — 9,453 Residential mortgage-backed 1,277 57 (14 ) — 1,320 Commercial mortgage-backed 2,369 36 (44 ) — 2,361 Other asset-backed 2,108 7 (60 ) — 2,055 Total available-for-sale fixed maturity securities $ 52,280 $ 3,799 $ (1,052 ) $ — $ 55,027 As of December 31, 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 Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 3,368 $ 1,184 $ — $ — $ 4,552 State and political subdivisions 2,982 474 (6 ) — 3,450 Non-U.S. government 762 86 (13 ) — 835 U.S. corporate: Utilities 4,330 783 (9 ) — 5,104 Energy 2,581 363 (10 ) — 2,934 Finance and insurance 8,003 1,012 (24 ) — 8,991 Consumer—non-cyclical 5,138 1,029 (8 ) — 6,159 Technology and communications 3,345 476 (13 ) — 3,808 Industrial 1,322 175 (3 ) — 1,494 Capital goods 2,334 415 (4 ) — 2,745 Consumer—cyclical 1,703 203 (7 ) — 1,899 Transportation 1,122 249 — — 1,371 Other 379 41 (1 ) — 419 Total U.S. corporate 30,257 4,746 (79 ) — 34,924 Non-U.S. corporate: Utilities 867 63 (2 ) — 928 Energy 1,194 190 (1 ) — 1,383 Finance and insurance 2,171 270 (9 ) — 2,432 Consumer—non-cyclical 664 81 (2 ) — 743 Technology and communications 1,085 166 (1 ) — 1,250 Industrial 933 117 (3 ) — 1,047 Capital goods 640 66 (1 ) — 705 Consumer—cyclical 316 27 (2 ) — 341 Transportation 422 68 (1 ) — 489 Other 1,052 169 (4 ) — 1,217 Total non-U.S. corporate 9,344 1,217 (26 ) — 10,535 Residential mortgage-backed 1,325 116 (1 ) — 1,440 Commercial mortgage-backed 2,435 152 (3 ) — 2,584 Other asset-backed 2,138 29 (7 ) — 2,160 Total available-for-sale fixed maturity securities $ 52,611 $ 8,004 $ (135 ) $ — $ 60,480 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 March 31, 2022: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number Fair Gross Number Fair Gross Number Description of Securities Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 67 $ (2 ) 17 $ 10 $ (1 ) 3 $ 77 $ (3 ) 20 State and political subdivisions 902 (78 ) 157 25 (3 ) 5 927 (81 ) 162 Non-U.S. government 305 (27 ) 46 80 (15 ) 10 385 (42 ) 56 U.S. corporate 8,109 (505 ) 995 627 (91 ) 65 8,736 (596 ) 1,060 Non-U.S. corporate 2,672 (173 ) 355 258 (39 ) 31 2,930 (212 ) 386 Residential mortgage-backed 304 (13 ) 78 5 (1 ) 5 309 (14 ) 83 Commercial mortgage-backed 1,098 (40 ) 160 43 (4 ) 6 1,141 (44 ) 166 Other asset-backed 1,500 (57 ) 254 66 (3 ) 15 1,566 (60 ) 269 Total for fixed maturity securities in an unrealized loss position $ 14,957 $ (895 ) 2,062 $ 1,114 $ (157 ) 140 $ 16,071 $ (1,052 ) 2,202 % Below cost: <20% Below cost $ 14,957 $ (895 ) 2,062 $ 1,066 $ (142 ) 134 $ 16,023 $ (1,037 ) 2,196 20%-50% Below cost — — — 48 (15 ) 6 48 (15 ) 6 Total for fixed maturity securities in an unrealized loss position $ 14,957 $ (895 ) 2,062 $ 1,114 $ (157 ) 140 $ 16,071 $ (1,052 ) 2,202 Investment grade $ 13,796 $ (823 ) 1,896 $ 1,031 $ (140 ) 129 $ 14,827 $ (963 ) 2,025 Below investment grade 1,161 (72 ) 166 83 (17 ) 11 1,244 (89 ) 177 Total for fixed maturity securities in an unrealized loss position $ 14,957 $ (895 ) 2,062 $ 1,114 $ (157 ) 140 $ 16,071 $ (1,052 ) 2,202 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 March 31, 2022: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number Fair Gross Number of Fair Gross Number of Description of Securities U.S. corporate: Utilities $ 1,089 $ (56 ) 142 $ 59 $ (10 ) 13 $ 1,148 $ (66 ) 155 Energy 740 (40 ) 87 63 (8 ) 7 803 (48 ) 94 Finance and insurance 2,529 (173 ) 293 203 (30 ) 17 2,732 (203 ) 310 Consumer—non-cyclical 916 (56 ) 109 86 (14 ) 7 1,002 (70 ) 116 Technology and communications 1,094 (73 ) 147 93 (14 ) 8 1,187 (87 ) 155 Industrial 361 (26 ) 46 — — — 361 (26 ) 46 Capital goods 553 (35 ) 65 27 (4 ) 4 580 (39 ) 69 Consumer—cyclical 507 (34 ) 65 78 (10 ) 7 585 (44 ) 72 Transportation 247 (9 ) 32 — — — 247 (9 ) 32 Other 73 (3 ) 9 18 (1 ) 2 91 (4 ) 11 Subtotal, U.S. corporate securities 8,109 (505 ) 995 627 (91 ) 65 8,736 (596 ) 1,060 Non-U.S. corporate: Utilities 272 (13 ) 28 12 (2 ) 1 284 (15 ) 29 Energy 291 (18 ) 27 4 (1 ) 1 295 (19 ) 28 Finance and insurance 685 (47 ) 96 157 (23 ) 16 842 (70 ) 112 Consumer—non-cyclical 253 (21 ) 32 6 (1 ) 1 259 (22 ) 33 Technology and communications 269 (17 ) 41 — — — 269 (17 ) 41 Industrial 274 (19 ) 35 18 (2 ) 2 292 (21 ) 37 Capital goods 231 (16 ) 30 — — — 231 (16 ) 30 Consumer—cyclical 128 (7 ) 25 20 (2 ) 4 148 (9 ) 29 Transportation 125 (7 ) 19 — — — 125 (7 ) 19 Other 144 (8 ) 22 41 (8 ) 6 185 (16 ) 28 Subtotal, non-U.S. corporate securities 2,672 (173 ) 355 258 (39 ) 31 2,930 (212 ) 386 Total for corporate securities in an unrealized loss position $ 10,781 $ (678 ) 1,350 $ 885 $ (130 ) 96 $ 11,666 $ (808 ) 1,446 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 was largely due to increasing interest rates and widening credit spreads and was 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 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 December 31, 2021: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number Fair Gross Number Fair Gross Number Description of Securities Fixed maturity securities: State and political subdivisions $ 339 $ (6 ) 67 $ — $ — — $ 339 $ (6 ) 67 Non-U.S. government 173 (9 ) 28 19 (4 ) 1 192 (13 ) 29 U.S. corporate 2,593 (64 ) 266 196 (15 ) 22 2,789 (79 ) 288 Non-U.S. corporate 912 (21 ) 124 62 (5 ) 8 974 (26 ) 132 Residential mortgage-backed 97 (1 ) 22 — — — 97 (1 ) 22 Commercial mortgage-backed 113 (2 ) 17 31 (1 ) 4 144 (3 ) 21 Other asset-backed 764 (7 ) 111 — — — 764 (7 ) 111 Total for fixed maturity securities in an unrealized loss position $ 4,991 $ (110 ) 635 $ 308 $ (25 ) 35 $ 5,299 $ (135 ) 670 % Below cost: <20% Below cost $ 4,991 $ (110 ) 635 $ 297 $ (20 ) 33 $ 5,288 $ (130 ) 668 20%-50% Below cost — — — 11 (5 ) 2 11 (5 ) 2 Total for fixed maturity securities in an unrealized loss position $ 4,991 $ (110 ) 635 $ 308 $ (25 ) 35 $ 5,299 $ (135 ) 670 Investment grade $ 4,644 $ (101 ) 587 $ 241 $ (12 ) 25 $ 4,885 $ (113 ) 612 Below investment grade 347 (9 ) 48 67 (13 ) 10 414 (22 ) 58 Total for fixed maturity securities in an unrealized loss position $ 4,991 $ (110 ) 635 $ 308 $ (25 ) 35 $ 5,299 $ (135 ) 670 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 December 31, 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 $ 211 $ (7 ) 32 $ 29 $ (2 ) 7 $ 240 $ (9 ) 39 Energy 166 (3 ) 18 25 (7 ) 4 191 (10 ) 22 Finance and insurance 960 (22 ) 89 62 (2 ) 3 1,022 (24 ) 92 Consumer—non-cyclical 296 (7 ) 30 14 (1 ) 2 310 (8 ) 32 Technology and communications 378 (12 ) 37 29 (1 ) 2 407 (13 ) 39 Industrial 143 (3 ) 18 — — — 143 (3 ) 18 Capital goods 171 (3 ) 16 18 (1 ) 2 189 (4 ) 18 Consumer—cyclical 268 (7 ) 26 — — — 268 (7 ) 26 Other — — — 19 (1 ) 2 19 (1 ) 2 Subtotal, U.S. corporate securities 2,593 (64 ) 266 196 (15 ) 22 2,789 (79 ) 288 Non-U.S. corporate: Utilities 69 (2 ) 9 — — — 69 (2 ) 9 Energy 64 (1 ) 10 — — — 64 (1 ) 10 Finance and insurance 366 (8 ) 43 18 (1 ) 2 384 (9 ) 45 Consumer—non-cyclical 67 (1 ) 12 6 (1 ) 1 73 (2 ) 13 Technology and communications 48 (1 ) 8 — — — 48 (1 ) 8 Industrial 122 (3 ) 14 — — — 122 (3 ) 14 Capital goods 78 (1 ) 8 — — — 78 (1 ) 8 Consumer—cyclical 22 (1 ) 8 15 (1 ) 3 37 (2 ) 11 Transportation 37 (1 ) 7 — — — 37 (1 ) 7 Other 39 (2 ) 5 23 (2 ) 2 62 (4 ) 7 Subtotal, non-U.S. corporate securities 912 (21 ) 124 62 (5 ) 8 974 (26 ) 132 Total for corporate securities in an unrealized loss position $ 3,505 $ (85 ) 390 $ 258 $ (20 ) 30 $ 3,763 $ (105 ) 420 The scheduled maturity distribution of fixed maturity securities as of March 31, 2022 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 $ 1,407 $ 1,420 Due after one year through five years 8,339 8,501 Due after five years through ten years 13,771 13,943 Due after ten years 23,009 25,427 Subtotal 46,526 49,291 Residential mortgage-backed 1,277 1,320 Commercial mortgage-backed 2,369 2,361 Other asset-backed 2,108 2,055 Total $ 52,280 $ 55,027 As of March 31, 2022, securities issued by finance and insurance, consumer—non-cyclical, utilities and technology and communications industry groups represented approximately 24%, 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 March 31, 2022, 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: March 31, 2022 December 31, 2021 (Amounts in millions) Carrying % of Carrying % of Property type: Retail $ 2,837 41 % $ 2,774 40 % Office 1,527 22 1,526 22 Industrial 1,461 21 1,420 21 Apartments 577 8 585 9 Mixed use 327 5 330 5 Other 209 3 221 3 Subtotal 6,938 100 % 6,856 100 % Allowance for credit losses (25 ) (26 ) Total $ 6,913 $ 6,830 March 31, 2022 December 31, 2021 (Amounts in millions) Carrying % of Carrying % of Geographic region: South Atlantic $ 1,806 26 % $ 1,770 26 % Pacific 1,357 20 1,360 20 Middle Atlantic 964 14 964 14 Mountain 932 13 892 13 West South Central 493 7 483 7 West North Central 466 7 461 7 East North Central 464 7 465 7 New England 235 3 237 3 East South Central 221 3 224 3 Subtotal 6,938 100 % 6,856 100 % Allowance for credit losses (25 ) (26 ) Total $ 6,913 $ 6,830 As of December 31, 2021, we had one commercial mortgage loan with an amortized cost of $22 million that was 31 to 60 days past due in the office property type. We wrote off $8 million of this commercial mortgage loan during the year ended December 31, 2021 and it was placed on non-accrual status as of December 31, 2021. The carrying value of this commercial mortgage loan was written down to the fair value of its collateral and this loan did not have an allowance for credit losses as of December 31, 2021. As of March 31, 2022, this commercial mortgage loan was more than 90 days past due with an amortized cost of $22 million and was on non-accrual status. As of March 31, 2022, we had no other commercial mortgage loans past due or on non-accrual status. 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 2021 Annual Report on Form 10-K. During the three months ended March 31, 2022 and the year ended December 31, 2021, 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 (Amounts in millions) 2022 2021 Allowance for credit losses: Beginning balance $ 26 $ 31 Provision (1 ) 1 Write-offs — — Recoveries — — Ending balance $ 25 $ 32 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 March 31, 2022: (Amounts in millions) 2022 2021 2020 2019 2018 2017 and Total Debt-to-value: 0% - 50% $ — $ 23 $ 72 $ 60 $ 161 $ 2,136 $ 2,452 51% - 60% — 40 30 161 272 991 1,494 61% - 75% 197 884 420 505 438 526 2,970 76% - 100% — — — — — — — Greater than 100% — — — — — 22 22 Total amortized cost $ 197 $ 947 $ 522 $ 726 $ 871 $ 3,675 $ 6,938 Debt service coverage ratio: Less than 1.00 $ — $ — $ 10 $ 19 $ 41 $ 150 $ 220 1.00 - 1.25 13 2 69 73 75 317 549 1.26 - 1.50 20 118 32 167 134 333 804 1.51 - 2.00 148 724 219 269 441 1,270 3,071 Greater than 2.00 16 103 192 198 180 1,605 2,294 Total amortized cost $ 197 $ 947 $ 522 $ 726 $ 871 $ 3,675 $ 6,938 The following tables set forth the debt-to-value of commercial mortgage loans by property type as of the dates indicated: March 31, 2022 (Amounts in millions) 0% - 50% 51% - 60% 61% - 75% 76% - 100% Greater Total Property type: Retail $ 849 $ 594 $ 1,394 $ — $ — $ 2,837 Office 492 387 626 — 22 1,527 Industrial 738 233 490 — — 1,461 Apartments 196 99 282 — — 577 Mixed use 121 67 139 — — 327 Other 56 114 39 — — 209 Total amortized cost $ 2,452 $ 1,494 $ 2,970 $ — $ 22 $ 6,938 % of total 35 % 22 % 43 % — % — % 100 % Weighted-average debt service coverage ratio 2.35 1.84 1.62 — — 1.92 December 31, 2021 (Amounts in millions) 0% - 50% 51% - 60% 61% - 75% 76% - 100% Greater Total Property type: Retail $ 853 $ 611 $ 1,310 $ — $ — $ 2,774 Office 505 395 604 — 22 1,526 Industrial 745 240 435 — — 1,420 Apartments 200 102 283 — — 585 Mixed use 120 70 140 — — 330 Other 57 121 43 — — 221 Total amortized cost $ 2,480 $ 1,539 $ 2,815 $ — $ 22 $ 6,856 % of total 36 % 23 % 41 % — % — % 100 % Weighted-average debt service coverage ratio 2.36 1.83 1.61 — 0.68 1.93 The following tables set forth the debt service coverage ratio for fixed rate commercial mortgage loans by property type as of the dates indicated: March 31, 2022 (Amounts in millions) Less than 1.00 1.00 - 1.25 1.26 - 1.50 1.51 - 2.00 Greater Total Property type: Retail $ 100 $ 157 $ 426 $ 1,441 $ 713 $ 2,837 Office 67 108 165 609 578 1,527 Industrial 8 77 80 629 667 1,461 Apartments 17 62 77 230 191 577 Mixed use 23 31 40 118 115 327 Other 5 114 16 44 30 209 Total amortized cost $ 220 $ 549 $ 804 $ 3,071 $ 2,294 $ 6,938 % of total 3 % 8 % 12 % 44 % 33 % 100 % Weighted-average debt-to-value 68 % 60 % 62 % 60 % 44 % 55 % December 31, 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 $ 102 $ 166 $ 405 $ 1,375 $ 726 $ 2,774 Office 67 109 167 593 590 1,526 Industrial 9 64 82 599 666 1,420 Apartments 17 62 84 225 197 585 Mixed use 24 32 40 118 116 330 Other 4 126 13 48 30 221 Total amortized cost $ 223 $ 559 $ 791 $ 2,958 $ 2,325 $ 6,856 % of total 3 % 8 % 12 % 43 % 34 % 100 % Weighted-average debt-to-value 68 % 61 % 61 % 60 % 43 % 55 % (f) Limited Partnerships or Similar Entities 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 March 31, 2022 and December 31, 2021, the total carrying value of these investments was $1,936 million and $1,829 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	3 Months Ended
	Mar. 31, 2022
Derivative Instruments	(5) Derivative Instruments Our business activities routinely deal with fluctuations in interest rates, equity prices, currency exchange rates and other asset and liability prices. We use derivative instruments to mitigate or reduce some of these risks. We have established policies for managing each of these risks, including prohibitions on derivatives market-making and other speculative derivatives activities. These policies require the use of derivative instruments in concert with other techniques to reduce or mitigate these risks. While we use derivatives to mitigate or reduce risks, certain derivatives do not meet the accounting requirements to be designated as hedging instruments and are denoted as “derivatives not designated as hedges” in the following disclosures. For derivatives that meet the accounting requirements to be designated as hedges, the following disclosures for these derivatives are denoted as “derivatives designated as hedges,” which include cash flow hedges. The following table sets forth our positions in derivative instruments as of the dates indicated: Derivative assets Derivative liabilities Fair value Fair value (Amounts in millions) Balance March 31, December 31, Balance sheet March 31, December 31, Derivatives designated as hedges Cash flow hedges: Interest rate swaps Other invested assets $ 162 $ 364 Other liabilities $ 76 $ 26 Foreign currency swaps Other invested assets 5 6 Other liabilities 1 — Total cash flow hedges 167 370 77 26 Total derivatives designated as hedges 167 370 77 26 Derivatives not designated as hedges Equity index options Other invested assets 30 42 Other liabilities — — Financial futures Other invested assets — — Other liabilities — — Other foreign currency contracts Other invested assets — 2 Other liabilities — — GMWB embedded derivatives Reinsurance (1) 17 19 Policyholder (2) 243 271 Fixed index annuity embedded derivatives Other assets — — Policyholder (3) 261 294 Indexed universal life embedded derivatives Reinsurance — — Policyholder (4) 21 25 Total derivatives not designated as hedges 47 63 525 590 Total derivatives $ 214 $ 433 $ 602 $ 616 (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/ March 31, Derivatives designated as hedges Cash flow hedges: Interest rate swaps Notional $ 7,653 $ — $ (58 ) $ 7,595 Foreign currency swaps Notional 127 — — 127 Total cash flow hedges 7,780 — (58 ) 7,722 Total derivatives designated as hedges 7,780 — (58 ) 7,722 Derivatives not designated as hedges Equity index options Notional 1,446 300 (368 ) 1,378 Financial futures Notional 946 994 (1,042 ) 898 Other foreign currency contracts Notional 83 — (59 ) 24 Total derivatives not designated as hedges 2,475 1,294 (1,469 ) 2,300 Total derivatives $ 10,255 $ 1,294 $ (1,527 ) $ 10,022 (Number of policies) Measurement December 31, Additions Maturities/ March 31, Derivatives not designated as hedges GMWB embedded derivatives Policies 21,804 — (477 ) 21,327 Fixed index annuity embedded derivatives Policies 9,344 — (568 ) 8,776 Indexed universal life embedded derivatives Policies 806 — (7 ) 799 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 effects of cash flow hedges for the three months ended March 31, 2022: (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ (250 ) $ 55 Net investment $ — Net investment gains (losses) Interest rate swaps hedging assets — 2 Net investment — Net investment Interest rate swaps hedging liabilities — (1 ) Interest — Net investment Foreign currency swaps (2 ) 1 Net investment — Net investment Total $ (252 ) $ 57 $ — The following table provides information about the pre-tax income effects of cash flow hedges for the three months ended March 31, 2021: (Amounts in millions) Gain (loss) recognized in OCI Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ (529 ) $ 52 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging liabilities 44 — Interest expense — Net investment gains (losses) Foreign currency swaps (2 ) — Net investment income — Net investment gains (losses) Total $ (487 ) $ 52 $ — The following table provides a reconciliation of current period changes, net of applicable income taxes, for these designated derivatives presented in the separate component of stockholders’ equity labeled “derivatives qualifying as hedges,” for the periods indicated: Three months ended (Amounts in millions) 2022 2021 Derivatives qualifying as effective accounting hedges as of January 1 $ 2,025 $ 2,211 Current period increases (decreases) in fair value, net of deferred taxes of $53 and $102 (199 ) (385 ) Reclassification to net (income), net of deferred taxes of $20 and $18 (37 ) (34 ) Derivatives qualifying as effective accounting hedges as of March 31 $ 1,789 $ 1,792 The total of derivatives designated as cash flow hedges of $1,789 million, net of taxes, recorded in stockholders’ equity as of March 31, 2022 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, $143 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 three months ended March 31, 2022 and 2021, we reclassified $3 million and $2 million, respectively, to net income in connection with forecasted transactions that were no longer considered probable of occurring. Derivatives Not Designated As Hedges We also enter into certain non-qualifying 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, 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 dividends, cash payments to AXA S.A. (“AXA”) 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 for the effects of derivatives not designated as hedges for the periods indicated: Three months ended Classification of gain (loss) recognized in net income (Amounts in millions) 2022 2021 Interest rate swaps $ — $ 4 Net investment gains (losses) Equity index options (6 ) 3 Net investment gains (losses) Financial futures (47 ) (110 ) Net investment gains (losses) GMWB embedded derivatives 32 105 Net investment gains (losses) Fixed index annuity embedded derivatives 12 (4 ) Net investment gains (losses) Indexed universal life embedded derivatives 11 10 Net investment gains (losses) Total derivatives not designated as hedges $ 2 $ 8 Derivative Counterparty Credit Risk Most of our derivative arrangements with counterparties require the posting of collateral upon meeting certain net exposure thresholds. The following table presents additional information about derivative assets and liabilities subject to an enforceable master netting arrangement as of the dates indicated: March 31, 2022 December 31, 2021 (Amounts in millions) Derivative (1) Derivative (1) Net Derivative (1) Derivative (1) Net Amounts presented in the balance sheet: Gross amounts recognized $ 198 $ 77 $ 121 $ 414 $ 26 $ 388 Gross amounts offset in the balance sheet — — — — — — Net amounts presented in the balance sheet 198 77 121 414 26 388 Gross amounts not offset in the balance sheet: Financial instruments (2) (49 ) (49 ) — (20 ) (20 ) — Collateral received (110 ) — (110 ) (308 ) — (308 ) Collateral pledged — (567 ) 567 — (536 ) 536 Over collateralization 13 539 (526 ) 2 530 (528 ) Net amount $ 52 $ — $ 52 $ 88 $ — $ 88 (1) Included $1 million of accruals on derivatives classified as other assets as of March 31, 2022 and does not include amounts related to embedded derivatives as of March 31, 2022 and December 31, 2021. (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	3 Months Ended
	Mar. 31, 2022
Fair Value of Financial Instruments	(6) Fair Value of Financial Instruments Recurring Fair Value Measurements We have fixed maturity securities, equity securities, limited partnerships, derivatives, short-term investments, embedded derivatives, 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 March 31, 2022. 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 March 31, 2022: (Amounts in millions) Fair value Primary methodologies Significant inputs U.S. government, agencies $4,097 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 $3,063 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 $783 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 $27,876 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 $7,414 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 $1,287 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 $2,346 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 $1,955 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. Short-term investments. Level 3 measurements Fixed maturity securities • Broker quotes: • Internal models: Equity securities. Limited partnerships. Net asset value Limited partnerships. 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. 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 March 31, 2022 and December 31, 2021, the impact of non-performance risk resulted in a lower fair value of our GMWB liabilities of $42 million and $49 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 March 31, 2022, 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 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 March 31, 2022, 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 dates indicated: March 31, 2022 (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 $ 4,097 $ — $ 4,097 $ — $ — State and political subdivisions 3,134 — 3,063 71 — Non-U.S. government 784 — 783 1 — U.S. corporate: Utilities 4,634 — 3,722 912 — Energy 2,699 — 2,627 72 — Finance and insurance 8,229 — 7,553 676 — Consumer—non-cyclical 5,488 — 5,396 92 — Technology and communications 3,497 — 3,469 28 — Industrial 1,348 — 1,313 35 — Capital goods 2,512 — 2,471 41 — Consumer—cyclical 1,767 — 1,640 127 — Transportation 1,248 — 1,184 64 — Other 401 — 179 222 — Total U.S. corporate 31,823 — 29,554 2,269 — Non-U.S. corporate: Utilities 878 — 544 334 — Energy 1,241 — 1,103 138 — Finance and insurance 2,191 — 2,048 143 — Consumer—non-cyclical 671 — 611 60 — Technology and communications 1,099 — 1,072 27 — Industrial 953 — 879 74 — Capital goods 619 — 487 132 — Consumer—cyclical 312 — 226 86 — Transportation 423 — 401 22 — Other 1,066 — 1,042 24 — Total non-U.S. corporate 9,453 — 8,413 1,040 — Residential mortgage-backed 1,320 — 1,287 33 — Commercial mortgage-backed 2,361 — 2,346 15 — Other asset-backed 2,055 — 1,955 100 — Total fixed maturity securities 55,027 — 51,498 3,529 — Equity securities 230 137 57 36 — Limited partnerships 1,558 — — 26 1,532 Other invested assets: Derivative assets: Interest rate swaps 162 — 162 — — Foreign currency swaps 5 — 5 — — Equity index options 30 — — 30 — Total derivative assets 197 — 167 30 — Short-term investments 76 — 76 — — Total other invested assets 273 — 243 30 — Reinsurance recoverable (2) 17 — — 17 — Separate account assets 5,530 5,530 — — — Total assets $ 62,635 $ 5,667 $ 51,798 $ 3,638 $ 1,532 (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, 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 $ 4,552 $ — $ 4,552 $ — $ — State and political subdivisions 3,450 — 3,368 82 — Non-U.S. government 835 — 833 2 — U.S. corporate: Utilities 5,104 — 4,154 950 — Energy 2,934 — 2,858 76 — Finance and insurance 8,991 — 8,306 685 — Consumer—non-cyclical 6,159 — 6,055 104 — Technology and communications 3,808 — 3,779 29 — Industrial 1,494 — 1,457 37 — Capital goods 2,745 — 2,700 45 — Consumer—cyclical 1,899 — 1,762 137 — Transportation 1,371 — 1,307 64 — Other 419 — 165 254 — Total U.S. corporate 34,924 — 32,543 2,381 — Non-U.S. corporate: Utilities 928 — 583 345 — Energy 1,383 — 1,238 145 — Finance and insurance 2,432 — 2,272 160 — Consumer—non-cyclical 743 — 680 63 — Technology and communications 1,250 — 1,222 28 — Industrial 1,047 — 954 93 — Capital goods 705 — 532 173 — Consumer—cyclical 341 — 265 76 — Transportation 489 — 436 53 — Other 1,217 — 1,191 26 — Total non-U.S. corporate 10,535 — 9,373 1,162 — Residential mortgage-backed 1,440 — 1,413 27 — Commercial mortgage-backed 2,584 — 2,568 16 — Other asset-backed 2,160 — 2,022 138 — Total fixed maturity securities 60,480 — 56,672 3,808 — Equity securities 198 101 60 37 — Limited partnerships 1,462 — — 26 1,436 Other invested assets: Derivative assets: Interest rate swaps 364 — 364 — — Foreign currency swaps 6 — 6 — — Equity index options 42 — — 42 — Other foreign currency contracts 2 — 2 — — Total derivative assets 414 — 372 42 — Short-term investments 26 — 26 — — Total other invested assets 440 — 398 42 — Reinsurance recoverable (2) 19 — — 19 — Separate account assets 6,066 6,066 — — — Total assets $ 68,665 $ 6,167 $ 57,130 $ 3,932 $ 1,436 (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: Beginning balance as of Total realized and unrealized gains (losses) Ending balance as of Total gains attributable to assets still held (Amounts in millions) Included Included Purchases Sales Issuances Settlements Transfer (1) Transfer (1 ) Included Included Fixed maturity securities: State and political subdivisions $ 82 $ 1 $ (12 ) $ — $ — $ — $ — $ — $ — $ 71 $ 1 $ (12 ) Non-U.S. government 2 — — — (1 ) — — — — 1 — — U.S. corporate: Utilities 950 — (73 ) 35 — — — — — 912 — (73 ) Energy 76 — (4 ) — — — — — — 72 — (4 ) Finance and insurance 685 — (56 ) 66 — — (2 ) — (17 ) 676 — (55 ) Consumer—non-cyclical 104 — (5 ) — — — (7 ) — — 92 — (6 ) Technology and communications 29 — (1 ) — — — — — — 28 — (1 ) Industrial 37 — (2 ) — — — — — — 35 — (2 ) Capital goods 45 — (4 ) — — — — — — 41 — (3 ) Consumer—cyclical 137 — (8 ) — — — (2 ) — — 127 — (8 ) Transportation 64 — (3 ) 5 — — (2 ) — — 64 — (3 ) Other 254 — (11 ) — — — (4 ) — (17 ) 222 — (10 ) Total U.S. corporate 2,381 — (167 ) 106 — — (17 ) — (34 ) 2,269 — (165 ) Non-U.S. corporate: Utilities 345 — (21 ) 10 — — — — — 334 — (21 ) Energy 145 — (7 ) — — — — — — 138 — (7 ) Finance and insurance 160 1 (18 ) — — — — — — 143 1 (18 ) Consumer—non-cyclical 63 — (3 ) — — — — — — 60 — (3 ) Technology and communications 28 — (1 ) — — — — — — 27 — (1 ) Industrial 93 — (6 ) — — — — — (13 ) 74 — (4 ) Capital goods 173 — (8 ) — — — (33 ) — — 132 — (8 ) Consumer—cyclical 76 — (7 ) — — — — 17 — 86 — (7 ) Transportation 53 — (2 ) — — — (29 ) — — 22 — (2 ) Other 26 — (2 ) — — — — — — 24 — (2 ) Total non-U.S. corporate 1,162 1 (75 ) 10 — — (62 ) 17 (13 ) 1,040 1 (73 ) Residential mortgage-backed 27 — (1 ) 9 — — (1 ) 4 (5 ) 33 — — Commercial mortgage-backed 16 — (1 ) — — — — — — 15 — (1 ) Other asset-backed 138 — (7 ) 6 — — (3 ) — (34 ) 100 — (5 ) Total fixed maturity securities 3,808 2 (263 ) 131 (1 ) — (83 ) 21 (86 ) 3,529 2 (256 ) Equity securities 37 — — — — — — — (1 ) 36 — — Limited partnerships 26 — — — — — — — — 26 — — Other invested assets: Derivative assets: Equity index options 42 (6 ) — 5 — — (11 ) — — 30 (3 ) — Total derivative assets 42 (6 ) — 5 — — (11 ) — — 30 (3 ) — Total other invested assets 42 (6 ) — 5 — — (11 ) — — 30 (3 ) — Reinsurance recoverable (2) 19 (2 ) — — — — — — — 17 (2 ) — Total Level 3 assets $ 3,932 $ (6 ) $ (263 ) $ 136 $ (1 ) $ — $ (94 ) $ 21 $ (87 ) $ 3,638 $ (3 ) $ (256 ) (1) The transfers into and out of Level 3 for fixed maturity securities were related to changes in the primary pricing source and changes in the observability of external information used in determining the fair value, such as external ratings or credit spreads, as well as changes in the industry sectors assigned to specific securities. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities. Beginning as of Total realized and Ending as of Total gains (Amounts in millions) Included Included Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Included Included Fixed maturity securities: State and political subdivisions $ 66 $ 1 $ 1 $ — $ — $ — $ — $ — $ — $ 68 $ 1 $ 1 U.S. corporate: Utilities 842 — (30 ) 8 — — (13 ) — (14 ) 793 — (29 ) Energy 128 — (4 ) — — — (2 ) — — 122 — (4 ) Finance and insurance 607 — (22 ) 18 — — (17 ) 17 (6 ) 597 — (22 ) Consumer—non-cyclical 109 — (3 ) — — — — — — 106 — (3 ) Technology and communications 47 — (2 ) 12 — — — 4 (21 ) 40 — (2 ) Industrial 40 — — — — — (20 ) — — 20 — — Capital goods 60 — (2 ) — — — — — — 58 — (2 ) Consumer—cyclical 150 — (2 ) — — — (1 ) — — 147 — (2 ) Transportation 70 — (1 ) — — — (2 ) — — 67 — (1 ) Other 219 — (2 ) — — — (3 ) 6 (20 ) 200 — (1 ) Total U.S. corporate 2,272 — (68 ) 38 — — (58 ) 27 (61 ) 2,150 — (66 ) Non-U.S. corporate: Utilities 352 — (7 ) 30 — — — — — 375 — (7 ) Energy 245 — (2 ) — — — — — — 243 — (2 ) Finance and insurance 305 1 (16 ) — — — — — — 290 1 (16 ) Consumer—non-cyclical 67 — (1 ) — — — — — — 66 — (1 ) Technology and communications 28 — — — — — — — — 28 — — Industrial 95 — (2 ) — — — — — — 93 — (2 ) Capital goods 178 — (3 ) — — — — — — 175 — (3 ) Consumer—cyclical 146 — (2 ) 16 — — — — (16 ) 144 — (2 ) Transportation 109 — (1 ) — — — (19 ) — (7 ) 82 — (1 ) Other 83 — (2 ) — — — (1 ) — — 80 — (2 ) Total non-U.S. corporate 1,608 1 (36 ) 46 — — (20 ) — (23 ) 1,576 1 (36 ) Residential mortgage-backed 14 — (1 ) — — — — — — 13 — — Commercial mortgage-backed 20 — (1 ) — — — — — — 19 — (2 ) Other asset-backed 109 — — 3 — — (4 ) 2 (14 ) 96 — — Total fixed maturity securities 4,089 2 (105 ) 87 — — (82 ) 29 (98 ) 3,922 2 (103 ) Equity securities 51 — — — (8 ) — — — — 43 — — Limited partnerships 17 — — 8 — — — — — 25 — — Other invested assets: Derivative assets: Equity index options 63 3 — 5 — — (18 ) — — 53 2 — Total derivative assets 63 3 — 5 — — (18 ) — — 53 2 — Total other invested assets 63 3 — 5 — — (18 ) — — 53 2 — Reinsurance recoverable (2) 26 (8 ) — — — — — — — 18 (8 ) — Total Level 3 assets $ 4,246 $ (3 ) $ (105 ) $ 100 $ (8 ) $ — $ (100 ) $ 29 $ (98 ) $ 4,061 $ (4 ) $ (103 ) (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 from assets measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value and the related income statement line item in which these gains and losses were presented for the three months ended March 31: (Amounts in millions) 2022 2021 Total realized and unrealized gains (losses) included in net income: Net investment income $ 2 $ 2 Net investment gains (losses) (8 ) (5 ) Total $ (6 ) $ (3 ) Net gains (losses) included in net income attributable to assets still held: Net investment income $ 2 $ 2 Net investment gains (losses) (5 ) (6 ) Total $ (3 ) $ (4 ) The amount presented for realized and unrealized gains (losses) included in net income 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 March 31, 2022: (Amounts in millions) Valuation technique Fair value Unobservable input Range Weighted-average (1) Fixed maturity securities: U.S. corporate: Utilities Internal models $ 880 Credit spreads 49bps - 227bps 148bps Energy Internal models 57 Credit spreads 108bps - 248bps 173bps Finance and insurance Internal models 670 Credit spreads 54bps - 218bps 158bps Consumer—non-cyclical Internal models 92 Credit spreads 54bps - 248bps 132bps Technology and communications Internal models 27 Credit spreads 87bps - 162bps 133bps Industrial Internal models 35 Credit spreads 98bps - 203bps 136bps Capital goods Internal models 41 Credit spreads 67bps - 190bps 145bps Consumer—cyclical Internal models 127 Credit spreads 85bps - 184bps 137bps Transportation Internal models 53 Credit spreads 32bps - 156bps 103bps Other Internal models 158 Credit spreads 90bps - 170bps 109bps Total U.S. corporate Internal models $ 2,140 Credit spreads 32bps - 248bps 146bps Non-U.S. corporate: Utilities Internal models $ 333 Credit spreads 75bps - 218bps 129bps Energy Internal models 129 Credit spreads 83bps - 203bps 138bps Finance and insurance Internal models 143 Credit spreads 88bps - 150bps 135bps Consumer—non-cyclical Internal models 58 Credit spreads 54bps - 154bps 103bps Technology and communications Internal models 27 Credit spreads 83bps - 139bps 108bps Industrial Internal models 74 Credit spreads 67bps - 182bps 113bps Capital goods Internal models 132 Credit spreads 54bps - 236bps 137bps Consumer—cyclical Internal models 57 Credit spreads 98bps - 203bps 137bps Transportation Internal models 21 Credit spreads 126bps - 203bps 141bps Other Internal models 24 Credit spreads 55bps - 130bps 106bps Total non-U.S. corporate Internal models $ 998 Credit spreads 54bps - 236bps 129bps Derivative assets: Equity index options Discounted cash flows $ 30 Equity index 6% - 56% 21% (1) Unobservable inputs weighted by the relative fair value of the associated instrument for fixed maturity securities and by notional for derivative assets. Certain classes of instruments classified as Level 3 are excluded above as a result of not being material or due to limitations in being able to obtain the underlying inputs used by certain third-party sources, such as broker quotes, used as an input in determining fair value. The following tables set forth our liabilities by class of instrument that are measured at fair value on a recurring basis as of the dates indicated: March 31, 2022 (Amounts in millions) Total Level 1 Level 2 Level 3 Liabilities Policyholder account balances: GMWB embedded derivatives (1) $ 243 $ — $ — $ 243 Fixed index annuity embedded derivatives 261 — — 261 Indexed universal life embedded derivatives 21 — — 21 Total policyholder account balances 525 — — 525 Derivative liabilities: Interest rate swaps 76 — 76 — Foreign currency swaps 1 — 1 — Total derivative liabilities 77 — 77 — Total liabilities $ 602 $ — $ 77 $ 525 (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. December 31, 2021 (Amounts in millions) Total Level 1 Level 2 Level 3 Liabilities Policyholder account balances: GMWB embedded derivatives (1) $ 271 $ — $ — $ 271 Fixed index annuity embedded derivatives 294 — — 294 Indexed universal life embedded derivatives 25 — — 25 Total policyholder account balances 590 — — 590 Derivative liabilities: Interest rate swaps 26 — 26 — Total derivative liabilities 26 — 26 — Total liabilities $ 616 $ — $ 26 $ 590 (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 2022 Total realized and Ending as of Total (gains) losses (Amounts in millions) Included Included Purchases Sales Issuances Settlements Transfer Transfer Included Included Policyholder account balances: GMWB embedded derivatives (1) $ 271 $ (34 ) $ — $ — $ — $ 6 $ — $ — $ — $ 243 $ (30 ) $ — Fixed index annuity embedded derivatives 294 (12 ) — — — — (20 ) — (1 ) 261 (12 ) — Indexed universal life embedded derivatives 25 (11 ) — — — 7 — — — 21 (11 ) — Total policyholder account balances 590 (57 ) — — — 13 (20 ) — (1 ) 525 (53 ) — Total Level 3 liabilities $ 590 $ (57 ) $ — $ — $ — $ 13 $ (20 ) $ — $ (1 ) $ 525 $ (53 ) $ — (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. Beginning as of Total realized and Ending as of Total (gains) losses (Amounts in millions) Included Included Purchases Sales Issuances Settlements Transfer Transfer Included Included Policyholder account balances: GMWB embedded derivatives (1) $ 379 $ (113 ) $ — $ — $ — $ 6 $ — $ — $ — $ 272 $ (107 ) $ — Fixed index annuity embedded derivatives 399 4 — — — — (41 ) — — 362 4 — Indexed universal life embedded derivatives 26 (10 ) — — — 7 — — — 23 (10 ) — Total policyholder account balances 804 (119 ) — — — 13 (41 ) — — 657 (113 ) — Total Level 3 liabilities $ 804 $ (119 ) $ — $ — $ — $ 13 $ (41 ) $ — $ — $ 657 $ (113 ) $ — (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. The following table presents the gains and losses included in net (income) from liabilities measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value and the related income statement line item in which these gains and losses were presented for the three months ended March 31: (Amounts in millions) 2022 2021 Total realized and unrealized (gains) losses included in net (income): Net investment income $ — $ — Net investment (gains) losses (57 ) (119 ) Total $ (57 ) $ (119 ) Total (gains) losses included in net (income) attributable to liabilities still held: Net investment income $ — $ — Net investment (gains) losses (53 ) (113 ) Total $ (53 ) $ (113 ) Purchases, sales, issuances and settlements represent the activity that occurred during the period that results in a change of the asset or liability but does not represent changes in fair value for the instruments held at the beginning of the period. Such activity primarily consists of purchases, sales and settlements of fixed maturity and equity securities and purchases, issuances and settlements of derivative instruments. Issuances presented for GMWB embedded derivative liabilities are characterized as the change in fair value associated with the product fees recognized that are attributed to the embedded derivative to equal the expected future benefit costs upon issuance. Issuances for fixed index annuity and indexed universal life embedded derivative liabilities represent the amount of the premium received that is attributed to the value of the embedded derivative. Settlements of embedded derivatives are characterized as the change in fair value upon exercising the embedded derivative instrument, effectively representing a settlement of the embedded derivative instrument. We have shown these changes in fair value separately based on the classification of this activity as effectively issuing and settling the embedded derivative instrument with all remaining changes in the fair value of these embedded derivative instruments being shown separately in the category labeled “included in net (income)” in the tables presented above. The following table presents a summary of the significant unobservable inputs used

Liability for Policy and Contra

Liability for Policy and Contract Claims	3 Months Ended
	Mar. 31, 2022
Liability for Policy and Contract Claims	(7) Liability for Policy and Contract Claims The following table sets forth changes in our liability for policy and contract claims as of the dates indicated: As of or for the three (Amounts in millions) 2022 2021 Beginning balance $ 11,841 $ 11,486 Less reinsurance recoverables (2,388 ) (2,431 ) Net beginning balance 9,453 9,055 Incurred related to insured events of: Current year 1,094 1,054 Prior years (293 ) (229 ) Total incurred 801 825 Paid related to insured events of: Current year (202 ) (197 ) Prior years (675 ) (725 ) Total paid (877 ) (922 ) Interest on liability for policy and contract claims 103 101 Net ending balance 9,480 9,059 Add reinsurance recoverables 2,353 2,356 Ending balance $ 11,833 $ 11,415 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 three months ended March 31, 2022, the favorable development of $293 million related to insured events of prior years was primarily attributable to our long-term care insurance business largely related to favorable claim terminations mostly attributable to higher mortality, favorable development on prior year incurred but not reported claims and favorable experience on pending claims that did not become an active claim. COVID-19 significantly increased mortality on our most vulnerable claimants and temporarily decreased the number of new claims submitted. As of March 31, 2022 and December 31, 2021, the balance of incremental claim reserves recorded in connection with changes to claims incidence and mortality experience resulting from COVID-19 was $171 million and $209 million, respectively. During the first quarter of 2022, we reduced our incremental claim reserves associated with insured events of prior years by $38 million as the impacts of COVID-19 lessened. The favorable development related to insured events of prior years was also attributable to our Enact segment, predominantly associated with a $50 million favorable reserve adjustment in the first quarter of 2022 primarily related to COVID-19 delinquencies in 2020 curing at levels above original reserve expectations.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2022
Borrowings	(8) Borrowings The following table sets forth total long-term borrowings as of the dates indicated: (Amounts in millions) March 31, December 31, Genworth Holdings (1) 4.80% Senior Notes, due 2024 $ 200 $ 282 6.50% Senior Notes, due 2034 298 298 Floating Rate Junior Subordinated Notes, due 2066 598 598 Subtotal 1,096 1,178 Bond consent fees (11 ) (12 ) Deferred borrowing charges (7 ) (7 ) Total Genworth Holdings 1,078 1,159 Enact Holdings 6.50% Senior Notes, due 2025 (2) 750 750 Deferred borrowing charges (9 ) (10 ) Total Enact Holdings 741 740 Total $ 1,819 $ 1,899 (1) Genworth Holdings has 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 majority-owned indirect 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. In the first quarter of 2022, Genworth Holdings repurchased $82 million principal amount of its 4.80% senior notes due in 2024 for a pre-tax loss of $3 million and paid accrued interest thereon.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 2021 Statutory U.S. federal income tax rate 21.0 % 21.0 % Increase in rate resulting from: Tax on income from terminated swaps 2.8 4.1 Other, net 0.5 0.2 Effective rate 24.3 % 25.3 % The effective tax rate for the three months ended March 31, 2022 and 2021 was above the statutory U.S. federal income tax rate of 21% largely due to tax expense on forward starting swaps, which are tax effected at 35% when amortized into net investment income. The decrease in the effective tax rate for the three months ended March 31, 2022 compared to the three months ended March 31, 2021 was primarily attributable to lower tax expense on forward starting swaps in relation to pre-tax income in the current year.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
Segment Information	(10) Segment Information We have the following three operating business segments: Enact; 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 reported 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, initial gains (losses) on insurance block transactions, restructuring costs and infrequent or unusual non-operating items. Initial 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 initial 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, initial 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 and are net of the portion attributable to noncontrolling interests. Net investment gains (losses) are also adjusted for DAC and other intangible amortization and certain benefit reserves. We repurchased $82 million principal amount of Genworth Holdings’ senior notes due in February 2024 and $146 million principal amount of Genworth Holdings’ senior notes with 2021 maturity dates in the first quarters of 2022 and 2021, respectively, for a pre-tax loss of $3 million and $4 million, respectively. These transactions were excluded from adjusted operating income as they relate to losses on the early extinguishment of debt. We recorded a pre-tax expense of $21 million in the first quarter of 2021 related to restructuring costs as we continued to evaluate and appropriately size our organizational needs and expenses. There were no infrequent or unusual items excluded from adjusted operating income during the periods presented. The following is a summary of revenues for our segments and Corporate and Other activities for the periods indicated: Three months ended (Amounts in millions) 2022 2021 Revenues: Enact segment $ 270 $ 288 U.S. Life Insurance segment: Long-term care insurance 1,109 1,140 Life insurance 339 348 Fixed annuities 116 132 U.S. Life Insurance segment 1,564 1,620 Runoff segment 66 76 Corporate and Other activities (8 ) 1 Total revenues $ 1,892 $ 1,985 The following tables present the reconciliation of net income available to Genworth Financial, Inc.’s common stockholders to adjusted operating income available to Genworth Financial, Inc.’s common stockholders and a summary of adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders for our segments and Corporate and Other activities for the periods indicated: Three months ended (Amounts in millions) 2022 2021 Net income available to Genworth Financial, Inc.’s common stockholders $ 149 $ 187 Add: net income from continuing operations attributable to noncontrolling interests 30 — Add: net income from discontinued operations attributable to noncontrolling interests — 8 Net income 179 195 Less: income (loss) from discontinued operations, net of taxes (2 ) 21 Income from continuing operations 181 174 Less: net income from continuing operations attributable to noncontrolling interests 30 — Income from continuing operations available to Genworth Financial, Inc.’s common stockholders 151 174 Adjustments to income from continuing operations available to Genworth Financial, Inc.’s common stockholders: Net investment (gains) losses, net (28 ) (33 ) (Gains) losses on early extinguishment of debt 3 4 Expenses related to restructuring — 21 Taxes on adjustments 5 2 Adjusted operating income available to Genworth Financial, Inc.’s common stockholders $ 131 $ 168 Three months ended (Amounts in millions) 2022 2021 Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders: Enact segment $ 135 $ 126 U.S. Life Insurance segment: Long-term care insurance 59 95 Life insurance (79 ) (63 ) Fixed annuities 16 30 U.S. Life Insurance segment (4 ) 62 Runoff segment 9 12 Corporate and Other activities (9 ) (32 ) Adjusted operating income available to Genworth Financial, Inc.’s common stockholders $ 131 $ 168 The following is a summary of total assets for our segments and Corporate and Other activities as of the dates indicated: (Amounts in millions) March 31, December 31, Assets: Enact segment $ 5,790 $ 5,850 U.S. Life Insurance segment 76,482 81,210 Runoff segment 8,960 9,460 Corporate and Other activities 2,255 2,651 Total assets $ 93,487 $ 99,171

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
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 subsidiaries, 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 October 2016, Genworth Financial, certain members of its executive management team, including its former and present chief executive officer, and current and former members of its board of directors were named as defendants 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 Genworth’s long-term care insurance reserves and concerning Genworth’s former Australian mortgage insurance business, including our plans for an IPO of the business, and seeks unspecified damages, costs, attorneys’ fees and such equitable relief as the Court may deem proper. We filed a motion to dismiss on November 14, 2016. The action was stayed pending the outcome of the proposed China Oceanwide transaction. On April 6, 2021, Genworth Financial terminated the proposed China Oceanwide transaction, thereby lifting the stay. We intend to vigorously defend this action. In September 2018, Genworth Life and Annuity Insurance Company (“GLAIC”), our indirect wholly-owned subsidiary, was named as a defendant in a putative class action lawsuit pending in the United States District Court for the Eastern District of Virginia captioned TVPX ARX INC., as Securities Intermediary for Consolidated Wealth Management, LTD. on behalf of itself and all others similarly situated v. Genworth Life and Annuity Insurance Company In September 2018, 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 On April 6, 2020, GLAIC 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 (“GLICNY”) 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 In January 2021, GLAIC 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 On August 11, 2021, GLIC and GLICNY received a request for pre-suit mediation related to a potential class action lawsuit that may be brought by five long-term care insurance policyholders, seeking to represent a nationwide class alleging that the defendants made misleading and inadequate disclosures regarding premium increases for long-term care insurance policies. The draft complaint asserts claims for breach of contract, conversion, and declaratory and injunctive relief, and seeks damages in excess of $5 million. Genworth participated in pre-suit mediation in November 2021 and January 2022. On January 15, 2022, the parties reached an agreement in principle to settle the dispute on a nationwide basis, subject to the negotiation and execution of a final settlement agreement, and Court approval thereof. On January 28, 2022, the complaint was filed in the United States District Court for the Eastern District of Virginia captioned Fred Haney, Marsha Merrill, Sylvia Swanson, and Alan Wooten, individually, and on behalf of all others similarly situated v. Genworth Life Insurance Company and Genworth Life Insurance Company of New York At this time we cannot determine or predict the ultimate outcome of any of the pending legal and regulatory matters specifically identified above or the likelihood of potential future legal and regulatory matters against us. Except as disclosed above, we are not able to provide an estimate or range of reasonably possible losses related to these matters. Therefore, we cannot ensure that the current investigations and proceedings will not have a material adverse effect on our business, financial condition or results of operations. In addition, it is possible that related investigations and proceedings may be commenced in the future, and we could become subject to additional unrelated investigations and lawsuits. Increased regulatory scrutiny and any resulting investigations or proceedings could result in new legal precedents and industry-wide regulations or practices that could adversely affect our business, financial condition and results of operations. (b) Commitments As of March 31, 2022, we were committed to fund $1,309 million in limited partnership investments, $75 million in U.S. commercial mortgage loan investments and $20 million in private placement investments. As of March 31, 2022, we were also committed to fund $108 million of bank loan investments which had not yet been drawn.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2022
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 January 1, 2022 $ 1,860 $ 2,025 $ (24 ) $ 3,861 OCI before reclassifications (1,057 ) (199 ) (5 ) (1,261 ) Amounts reclassified from (to) OCI 6 (37 ) — (31 ) Current period OCI (1,051 ) (236 ) (5 ) (1,292 ) Balances as of March 31, 2022 before noncontrolling interests 809 1,789 (29 ) 2,569 Less: change in OCI attributable to noncontrolling interests (41 ) — — (41 ) Balances as of March 31, 2022 $ 850 $ 1,789 $ (29 ) $ 2,610 (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 (316 ) (385 ) 136 (565 ) Amounts reclassified from (to) OCI (4 ) (34 ) — (38 ) Current period OCI (320 ) (419 ) 136 (603 ) Balances as of March 31, 2021 before noncontrolling interests 1,894 1,792 136 3,822 Less: change in OCI attributable to noncontrolling interests (25 ) — 172 147 Balances as of March 31, 2021 $ 1,919 $ 1,792 $ (36 ) $ 3,675 (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 $(4) million and $(15) million, respectively, net of taxes of $1 million and $4 million, respectively, related to a net unrecognized postretirement benefit obligation as of March 31, 2022 and 2021. The balance also included taxes of $(1) million related to foreign currency translation adjustments as of March 31, 2021. 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 March 31, (Amounts in millions) 2022 2021 Net unrealized investment (gains) losses: Unrealized (gains) losses on (1) $ 8 $ (5 ) Net investment (gains) losses Income taxes (2 ) 1 Provision for income taxes Total $ 6 $ (4 ) Derivatives qualifying as hedges: Interest rate swaps hedging assets $ (55 ) $ (52 ) Net investment income Interest rate swaps hedging assets (2 ) — Net investment (gains) losses Interest rate swaps hedging liabilities 1 — Interest expense Foreign currency swaps (1 ) — Net investment income Income taxes 20 18 Provision for income taxes Total $ (37 ) $ (34 ) (1) Amounts exclude adjustments to DAC, present value of future profits, sales inducements and benefit reserves.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	(13) 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 underwriting agreement. We sold our approximately 214.3 million shares of Genworth Australia for AUD2.28 per share and received approximately AUD483 million ($370 million) in net cash proceeds. A summary of operating results related to Genworth Australia reported as discontinued operations was as follows for the period indicated: (Amounts in millions) Three months Revenues: Premiums $ 51 Net investment income 4 Net investment gains (losses) (5 ) Total revenues 50 Benefits and expenses: Benefits and other changes in policy reserves 11 Acquisition and operating expenses, net of deferrals 7 Amortization of deferred acquisition costs and intangibles 6 Interest expense 1 Total benefits and expenses 25 Income before income taxes and loss on sale (1) 25 Provision for income taxes 7 Income before loss on sale 18 Loss on sale, net of taxes (3 ) Income from discontinued operations, net of taxes 15 Less: net income from discontinued operations attributable to noncontrolling interests 8 Income from discontinued operations available to Genworth Financial, Inc.’s common stockholders $ 7 (1) The three months ended March 31, 2021, includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $13 million. In addition, we recorded after-tax income (loss) of $(1) and $11 million for the three months ended March 31, 2022 and 2021, respectively, associated with refinements to our tax matters agreement liability. Lifestyle protection insurance On December 1, 2015, Genworth Financial, through its subsidiaries, completed the sale of its 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, Genworth Holdings agreed to make payments for certain PPI mis-selling claims, along with a significant portion of future claims to be invoiced by AXA. Under the settlement agreement, Genworth Holdings issued a secured promissory note to AXA, in which it agreed to make deferred cash payments in two installments in June 2022 and September 2022. In connection with the Genworth Australia sale, Genworth Holdings 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. On September 21, 2021, Genworth Holdings used a portion of the net proceeds from the minority IPO of Enact Holdings to repay the remaining outstanding balance of the secured promissory note of approximately £215 million ($296 million). As of December 31, 2021, we accrued approximately £22 million ($30 million) of estimated future claims still in process of being invoiced. In February 2022, Genworth Holdings paid AXA million, which constitutes the majority of the estimated remaining unprocessed claims. We have established our current best estimates for claims still being processed by AXA, as well as other expenses; however, there may be future adjustments to this estimate. If amounts are different from our estimate, it could result in an adjustment to our liability and an additional amount reflected in income (loss) from discontinued operations. The following table presents the amounts owed to AXA under the settlement agreement 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 March 31, December 31, March 31, December 31, Installment payments due to AXA: June 2022: Beginning balance £ — £ 159 $ — $ 217 Prepayments (1) — (159 ) — (217 ) Ending balance — — — — September 2022: Beginning balance — 187 — 256 Amounts billed as future losses — 45 — 61 Prepayments (1) — (232 ) — (324 ) Foreign exchange and other — — — 7 Ending balance — — — — Total amounts due under the promissory note — — — — Future claims: Estimated beginning balance 22 79 30 108 Plus: Additional amounts invoiced 1 — 1 — Change in estimated future claims — (10 ) — (14 ) Less: Amounts billed and included as mandatory prepayments — (45 ) — (61 ) Less: Amounts paid (22 ) (2 ) (30 ) (3 ) Foreign exchange and other — — — — Estimated future claims 1 22 1 30 Total amounts due to AXA under the settlement £ 1 £ 22 $ 1 $ 30 (1) On March 3, 2021, we completed the sale of Genworth For the three months ended March 31, 2022 and 2021, we recorded an after-tax loss from discontinued operations of $1 million in each period, related to the settlement agreement with AXA. 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 March 31, 2022, we have not recorded any amounts associated with recoveries from third parties. In addition to the future claims still being processed under the settlement agreement, we also have an unrelated liability that is owed to AXA associated with a tax gross up on underwriting losses attributable to a product sold by a distributor in our former lifestyle protection insurance business. As of March 31, 2022 and December 31, 2021, the balance of the liability was $3 million and $4 million, respectively liability

Accounting Changes (Policies)

Accounting Changes (Policies)	3 Months Ended
	Mar. 31, 2022
Disclosue of Accounting Changes [Abstract]
Accounting Pronouncements Not Yet Adopted	In March 2022, the Financial Accounting Standards Board (the “FASB”) issued new accounting guidance related to troubled debt restructurings and the vintage disclosures included within the accounting guidance for credit losses on financial instruments. The guidance eliminates the recognition and measurement requirements for troubled debt restructurings and requires creditors to instead apply existing guidance related to loan refinancing and restructuring to determine whether a modification results in a new loan or a continuation of an existing loan. The guidance also expands disclosures for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty and requires the presentation of gross write-offs by year of origination. The guidance is currently effective for us on January 1, 2023 using the prospective method, with an option to use the modified retrospective method for the recognition and measurement of troubled debt restructurings. We are permitted to early adopt this new accounting guidance as we adopted the accounting guidance related to credit losses on financial instruments on January 1, 2020. We do not expect any significant impact from this guidance on our consolidated financial statements and disclosures. In August 2018, the FASB issued new accounting guidance that significantly changes the recognition and measurement of long-duration insurance contracts and expands disclosure requirements, which impacts deferred acquisition costs (“DAC”) and liabilities in our U.S. life insurance companies. 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. T retrospective

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share	Basic and diluted earnings 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 March 31, (Amounts in millions, except per share amounts) 2022 2021 Weighted-average shares used in basic earnings per share calculations 508.3 506.0 Potentially dilutive securities: Stock options, restricted stock units and other equity-based compensation 9.1 7.8 Weighted-average shares used in diluted earnings per share calculations 517.4 513.8 Income from continuing operations: Income from continuing operations $ 181 $ 174 Less: net income from continuing operations attributable to noncontrolling interests 30 — Income from continuing operations available to Genworth Financial, Inc.’s common stockholders $ 151 $ 174 Basic per share $ 0.30 $ 0.35 Diluted per share $ 0.29 $ 0.34 Income (loss) from discontinued operations: Income (loss) from discontinued operations, net of taxes $ (2 ) $ 21 Less: net income (loss) from discontinued operations attributable to noncontrolling interests — 8 Income (loss) from discontinued operations available to Genworth Financial, Inc.’s common stockholders $ (2 ) $ 13 Basic per share $ — $ 0.02 Diluted per share $ — $ 0.02 Net income: Income from continuing operations $ 181 $ 174 Income (loss) from discontinued operations, net of taxes (2 ) 21 Net income 179 195 Less: net income attributable to noncontrolling interests 30 8 Net income available to Genworth Financial, Inc.’s common stockholders $ 149 $ 187 Basic per share (1) $ 0.29 $ 0.37 Diluted per share (1) $ 0.29 $ 0.37 (1) May not total due to whole number calculation.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2022
Net Investment Income	Sources of net investment income were as follows for the periods indicated: Three months ended (Amounts in millions) 2022 2021 Fixed maturity securities—taxable $ 580 $ 599 Fixed maturity securities—non-taxable 1 2 Equity securities 2 3 Commercial mortgage loans 81 78 Policy loans 50 50 Limited partnerships 7 31 Other invested assets 63 58 Gross investment income before expenses and fees 784 821 Expenses and fees (20 ) (20 ) Net investment income $ 764 $ 801
Net Investment Gains (Losses)	The following table sets forth net investment gains (losses) for the periods indicated: Three months ended (Amounts in millions) 2022 2021 Realized investment gains (losses): Available-for-sale fixed maturity securities: Realized gains $ 10 $ 7 Realized losses (18 ) (3 ) Net realized gains (losses) on available-for-sale fixed maturity securities (8 ) 4 Net realized gains (losses) on equity securities sold — (5 ) Net realized gains (losses) on limited partnerships — 3 Total net realized investment gains (losses) (8 ) 2 Net change in allowance for credit losses on available-for-sale fixed maturity securities — (2 ) Write-down of available-for-sale fixed maturity securities (1) (2 ) (1 ) Net unrealized gains (losses) on equity securities still held (6 ) (8 ) Net unrealized gains (losses) on limited partnerships 35 34 Commercial mortgage loans 1 (1 ) Derivative instruments (2) 4 8 Other 4 1 Net investment gains (losses) $ 28 $ 33 (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 March 31, 2021: (Amounts in millions) Beginning Increase Increase Securities Decrease Write-offs Recoveries Ending Fixed maturity securities: Non-U.S. corporate $ 1 $ — $ 2 $ — $ — $ — $ — $ 3 Commercial mortgage-backed 3 — — — — (3 ) — — Total available-for-sale fixed maturity securities $ 4 $ — $ 2 $ — $ — $ (3 ) $ — $ 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) March 31, December 31, Net unrealized gains (losses) on fixed maturity securities without an allowance for credit losses (1) $ 2,747 $ 7,869 Net unrealized gains (losses) on fixed maturity securities with an allowance for credit losses (1) — — Adjustments to DAC, present value of future profits, sales inducements, benefit reserves and policyholder contract balances (1,700 ) (5,487 ) Income taxes, net (223 ) (507 ) Net unrealized investment gains (losses) 824 1,875 Less: net unrealized investment gains (losses) attributable to noncontrolling interests (26 ) 15 Net unrealized investment gains (losses) attributable to Genworth Financial, Inc. $ 850 $ 1,860 (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 three months ended March 31: (Amounts in millions) 2022 2021 Beginning balance $ 1,860 $ 2,214 Unrealized gains (losses) arising during the period: Unrealized gains (losses) on fixed maturity securities (5,130 ) (3,383 ) Adjustment to DAC 237 (174 ) Adjustment to present value of future profits 1 1 Adjustment to sales inducements 22 3 Adjustment to benefit reserves and policyholder contract balances 3,527 3,145 Provision for income taxes 286 92 Change in unrealized gains (losses) on investment securities (1,057 ) (316 ) Reclassification adjustments to net investment (gains) losses, net of taxes of $(2) and $1 6 (4 ) Change in net unrealized investment gains (losses) (1,051 ) (320 ) Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests (41 ) (25 ) Ending balance $ 850 $ 1,919
Fixed Maturity Securities	As of March 31, 2022, 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 $ 3,356 $ 744 $ (3 ) $ — $ 4,097 State and political subdivisions 3,009 206 (81 ) — 3,134 Non-U.S. government 778 48 (42 ) — 784 U.S. corporate: Utilities 4,345 355 (66 ) — 4,634 Energy 2,572 175 (48 ) — 2,699 Finance and insurance 8,026 406 (203 ) — 8,229 Consumer—non-cyclical 5,070 488 (70 ) — 5,488 Technology and communications 3,371 213 (87 ) — 3,497 Industrial 1,301 73 (26 ) — 1,348 Capital goods 2,346 205 (39 ) — 2,512 Consumer—cyclical 1,725 86 (44 ) — 1,767 Transportation 1,133 124 (9 ) — 1,248 Other 381 24 (4 ) — 401 Total U.S. corporate 30,270 2,149 (596 ) — 31,823 Non-U.S. corporate: Utilities 874 19 (15 ) — 878 Energy 1,158 102 (19 ) — 1,241 Finance and insurance 2,129 132 (70 ) — 2,191 Consumer—non-cyclical 665 28 (22 ) — 671 Technology and communications 1,055 61 (17 ) — 1,099 Industrial 918 56 (21 ) — 953 Capital goods 610 25 (16 ) — 619 Consumer—cyclical 316 5 (9 ) — 312 Transportation 392 38 (7 ) — 423 Other 996 86 (16 ) — 1,066 Total non-U.S. corporate 9,113 552 (212 ) — 9,453 Residential mortgage-backed 1,277 57 (14 ) — 1,320 Commercial mortgage-backed 2,369 36 (44 ) — 2,361 Other asset-backed 2,108 7 (60 ) — 2,055 Total available-for-sale fixed maturity securities $ 52,280 $ 3,799 $ (1,052 ) $ — $ 55,027 As of December 31, 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 Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 3,368 $ 1,184 $ — $ — $ 4,552 State and political subdivisions 2,982 474 (6 ) — 3,450 Non-U.S. government 762 86 (13 ) — 835 U.S. corporate: Utilities 4,330 783 (9 ) — 5,104 Energy 2,581 363 (10 ) — 2,934 Finance and insurance 8,003 1,012 (24 ) — 8,991 Consumer—non-cyclical 5,138 1,029 (8 ) — 6,159 Technology and communications 3,345 476 (13 ) — 3,808 Industrial 1,322 175 (3 ) — 1,494 Capital goods 2,334 415 (4 ) — 2,745 Consumer—cyclical 1,703 203 (7 ) — 1,899 Transportation 1,122 249 — — 1,371 Other 379 41 (1 ) — 419 Total U.S. corporate 30,257 4,746 (79 ) — 34,924 Non-U.S. corporate: Utilities 867 63 (2 ) — 928 Energy 1,194 190 (1 ) — 1,383 Finance and insurance 2,171 270 (9 ) — 2,432 Consumer—non-cyclical 664 81 (2 ) — 743 Technology and communications 1,085 166 (1 ) — 1,250 Industrial 933 117 (3 ) — 1,047 Capital goods 640 66 (1 ) — 705 Consumer—cyclical 316 27 (2 ) — 341 Transportation 422 68 (1 ) — 489 Other 1,052 169 (4 ) — 1,217 Total non-U.S. corporate 9,344 1,217 (26 ) — 10,535 Residential mortgage-backed 1,325 116 (1 ) — 1,440 Commercial mortgage-backed 2,435 152 (3 ) — 2,584 Other asset-backed 2,138 29 (7 ) — 2,160 Total available-for-sale fixed maturity securities $ 52,611 $ 8,004 $ (135 ) $ — $ 60,480
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 March 31, 2022: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number Fair Gross Number Fair Gross Number Description of Securities Fixed maturity securities: U.S. government, agencies and government-sponsored enterprises $ 67 $ (2 ) 17 $ 10 $ (1 ) 3 $ 77 $ (3 ) 20 State and political subdivisions 902 (78 ) 157 25 (3 ) 5 927 (81 ) 162 Non-U.S. government 305 (27 ) 46 80 (15 ) 10 385 (42 ) 56 U.S. corporate 8,109 (505 ) 995 627 (91 ) 65 8,736 (596 ) 1,060 Non-U.S. corporate 2,672 (173 ) 355 258 (39 ) 31 2,930 (212 ) 386 Residential mortgage-backed 304 (13 ) 78 5 (1 ) 5 309 (14 ) 83 Commercial mortgage-backed 1,098 (40 ) 160 43 (4 ) 6 1,141 (44 ) 166 Other asset-backed 1,500 (57 ) 254 66 (3 ) 15 1,566 (60 ) 269 Total for fixed maturity securities in an unrealized loss position $ 14,957 $ (895 ) 2,062 $ 1,114 $ (157 ) 140 $ 16,071 $ (1,052 ) 2,202 % Below cost: <20% Below cost $ 14,957 $ (895 ) 2,062 $ 1,066 $ (142 ) 134 $ 16,023 $ (1,037 ) 2,196 20%-50% Below cost — — — 48 (15 ) 6 48 (15 ) 6 Total for fixed maturity securities in an unrealized loss position $ 14,957 $ (895 ) 2,062 $ 1,114 $ (157 ) 140 $ 16,071 $ (1,052 ) 2,202 Investment grade $ 13,796 $ (823 ) 1,896 $ 1,031 $ (140 ) 129 $ 14,827 $ (963 ) 2,025 Below investment grade 1,161 (72 ) 166 83 (17 ) 11 1,244 (89 ) 177 Total for fixed maturity securities in an unrealized loss position $ 14,957 $ (895 ) 2,062 $ 1,114 $ (157 ) 140 $ 16,071 $ (1,052 ) 2,202 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 March 31, 2022: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number Fair Gross Number of Fair Gross Number of Description of Securities U.S. corporate: Utilities $ 1,089 $ (56 ) 142 $ 59 $ (10 ) 13 $ 1,148 $ (66 ) 155 Energy 740 (40 ) 87 63 (8 ) 7 803 (48 ) 94 Finance and insurance 2,529 (173 ) 293 203 (30 ) 17 2,732 (203 ) 310 Consumer—non-cyclical 916 (56 ) 109 86 (14 ) 7 1,002 (70 ) 116 Technology and communications 1,094 (73 ) 147 93 (14 ) 8 1,187 (87 ) 155 Industrial 361 (26 ) 46 — — — 361 (26 ) 46 Capital goods 553 (35 ) 65 27 (4 ) 4 580 (39 ) 69 Consumer—cyclical 507 (34 ) 65 78 (10 ) 7 585 (44 ) 72 Transportation 247 (9 ) 32 — — — 247 (9 ) 32 Other 73 (3 ) 9 18 (1 ) 2 91 (4 ) 11 Subtotal, U.S. corporate securities 8,109 (505 ) 995 627 (91 ) 65 8,736 (596 ) 1,060 Non-U.S. corporate: Utilities 272 (13 ) 28 12 (2 ) 1 284 (15 ) 29 Energy 291 (18 ) 27 4 (1 ) 1 295 (19 ) 28 Finance and insurance 685 (47 ) 96 157 (23 ) 16 842 (70 ) 112 Consumer—non-cyclical 253 (21 ) 32 6 (1 ) 1 259 (22 ) 33 Technology and communications 269 (17 ) 41 — — — 269 (17 ) 41 Industrial 274 (19 ) 35 18 (2 ) 2 292 (21 ) 37 Capital goods 231 (16 ) 30 — — — 231 (16 ) 30 Consumer—cyclical 128 (7 ) 25 20 (2 ) 4 148 (9 ) 29 Transportation 125 (7 ) 19 — — — 125 (7 ) 19 Other 144 (8 ) 22 41 (8 ) 6 185 (16 ) 28 Subtotal, non-U.S. corporate securities 2,672 (173 ) 355 258 (39 ) 31 2,930 (212 ) 386 Total for corporate securities in an unrealized loss position $ 10,781 $ (678 ) 1,350 $ 885 $ (130 ) 96 $ 11,666 $ (808 ) 1,446 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 December 31, 2021: Less than 12 months 12 months or more Total (Dollar amounts in millions) Fair Gross Number Fair Gross Number Fair Gross Number Description of Securities Fixed maturity securities: State and political subdivisions $ 339 $ (6 ) 67 $ — $ — — $ 339 $ (6 ) 67 Non-U.S. government 173 (9 ) 28 19 (4 ) 1 192 (13 ) 29 U.S. corporate 2,593 (64 ) 266 196 (15 ) 22 2,789 (79 ) 288 Non-U.S. corporate 912 (21 ) 124 62 (5 ) 8 974 (26 ) 132 Residential mortgage-backed 97 (1 ) 22 — — — 97 (1 ) 22 Commercial mortgage-backed 113 (2 ) 17 31 (1 ) 4 144 (3 ) 21 Other asset-backed 764 (7 ) 111 — — — 764 (7 ) 111 Total for fixed maturity securities in an unrealized loss position $ 4,991 $ (110 ) 635 $ 308 $ (25 ) 35 $ 5,299 $ (135 ) 670 % Below cost: <20% Below cost $ 4,991 $ (110 ) 635 $ 297 $ (20 ) 33 $ 5,288 $ (130 ) 668 20%-50% Below cost — — — 11 (5 ) 2 11 (5 ) 2 Total for fixed maturity securities in an unrealized loss position $ 4,991 $ (110 ) 635 $ 308 $ (25 ) 35 $ 5,299 $ (135 ) 670 Investment grade $ 4,644 $ (101 ) 587 $ 241 $ (12 ) 25 $ 4,885 $ (113 ) 612 Below investment grade 347 (9 ) 48 67 (13 ) 10 414 (22 ) 58 Total for fixed maturity securities in an unrealized loss position $ 4,991 $ (110 ) 635 $ 308 $ (25 ) 35 $ 5,299 $ (135 ) 670 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 December 31, 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 $ 211 $ (7 ) 32 $ 29 $ (2 ) 7 $ 240 $ (9 ) 39 Energy 166 (3 ) 18 25 (7 ) 4 191 (10 ) 22 Finance and insurance 960 (22 ) 89 62 (2 ) 3 1,022 (24 ) 92 Consumer—non-cyclical 296 (7 ) 30 14 (1 ) 2 310 (8 ) 32 Technology and communications 378 (12 ) 37 29 (1 ) 2 407 (13 ) 39 Industrial 143 (3 ) 18 — — — 143 (3 ) 18 Capital goods 171 (3 ) 16 18 (1 ) 2 189 (4 ) 18 Consumer—cyclical 268 (7 ) 26 — — — 268 (7 ) 26 Other — — — 19 (1 ) 2 19 (1 ) 2 Subtotal, U.S. corporate securities 2,593 (64 ) 266 196 (15 ) 22 2,789 (79 ) 288 Non-U.S. corporate: Utilities 69 (2 ) 9 — — — 69 (2 ) 9 Energy 64 (1 ) 10 — — — 64 (1 ) 10 Finance and insurance 366 (8 ) 43 18 (1 ) 2 384 (9 ) 45 Consumer—non-cyclical 67 (1 ) 12 6 (1 ) 1 73 (2 ) 13 Technology and communications 48 (1 ) 8 — — — 48 (1 ) 8 Industrial 122 (3 ) 14 — — — 122 (3 ) 14 Capital goods 78 (1 ) 8 — — — 78 (1 ) 8 Consumer—cyclical 22 (1 ) 8 15 (1 ) 3 37 (2 ) 11 Transportation 37 (1 ) 7 — — — 37 (1 ) 7 Other 39 (2 ) 5 23 (2 ) 2 62 (4 ) 7 Subtotal, non-U.S. corporate securities 912 (21 ) 124 62 (5 ) 8 974 (26 ) 132 Total for corporate securities in an unrealized loss position $ 3,505 $ (85 ) 390 $ 258 $ (20 ) 30 $ 3,763 $ (105 ) 420
Maturity Distribution of Fixed Maturity Securities	The scheduled maturity distribution of fixed maturity securities as of March 31, 2022 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 $ 1,407 $ 1,420 Due after one year through five years 8,339 8,501 Due after five years through ten years 13,771 13,943 Due after ten years 23,009 25,427 Subtotal 46,526 49,291 Residential mortgage-backed 1,277 1,320 Commercial mortgage-backed 2,369 2,361 Other asset-backed 2,108 2,055 Total $ 52,280 $ 55,027
Allowance for Credit Losses and Recorded Investment 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 (Amounts in millions) 2022 2021 Allowance for credit losses: Beginning balance $ 26 $ 31 Provision (1 ) 1 Write-offs — — Recoveries — — Ending balance $ 25 $ 32
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 March 31, 2022: (Amounts in millions) 2022 2021 2020 2019 2018 2017 and Total Debt-to-value: 0% - 50% $ — $ 23 $ 72 $ 60 $ 161 $ 2,136 $ 2,452 51% - 60% — 40 30 161 272 991 1,494 61% - 75% 197 884 420 505 438 526 2,970 76% - 100% — — — — — — — Greater than 100% — — — — — 22 22 Total amortized cost $ 197 $ 947 $ 522 $ 726 $ 871 $ 3,675 $ 6,938 Debt service coverage ratio: Less than 1.00 $ — $ — $ 10 $ 19 $ 41 $ 150 $ 220 1.00 - 1.25 13 2 69 73 75 317 549 1.26 - 1.50 20 118 32 167 134 333 804 1.51 - 2.00 148 724 219 269 441 1,270 3,071 Greater than 2.00 16 103 192 198 180 1,605 2,294 Total amortized cost $ 197 $ 947 $ 522 $ 726 $ 871 $ 3,675 $ 6,938
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: March 31, 2022 (Amounts in millions) 0% - 50% 51% - 60% 61% - 75% 76% - 100% Greater Total Property type: Retail $ 849 $ 594 $ 1,394 $ — $ — $ 2,837 Office 492 387 626 — 22 1,527 Industrial 738 233 490 — — 1,461 Apartments 196 99 282 — — 577 Mixed use 121 67 139 — — 327 Other 56 114 39 — — 209 Total amortized cost $ 2,452 $ 1,494 $ 2,970 $ — $ 22 $ 6,938 % of total 35 % 22 % 43 % — % — % 100 % Weighted-average debt service coverage ratio 2.35 1.84 1.62 — — 1.92 December 31, 2021 (Amounts in millions) 0% - 50% 51% - 60% 61% - 75% 76% - 100% Greater Total Property type: Retail $ 853 $ 611 $ 1,310 $ — $ — $ 2,774 Office 505 395 604 — 22 1,526 Industrial 745 240 435 — — 1,420 Apartments 200 102 283 — — 585 Mixed use 120 70 140 — — 330 Other 57 121 43 — — 221 Total amortized cost $ 2,480 $ 1,539 $ 2,815 $ — $ 22 $ 6,856 % of total 36 % 23 % 41 % — % — % 100 % Weighted-average debt service coverage ratio 2.36 1.83 1.61 — 0.68 1.93 The following tables set forth the debt service coverage ratio for fixed rate commercial mortgage loans by property type as of the dates indicated: March 31, 2022 (Amounts in millions) Less than 1.00 1.00 - 1.25 1.26 - 1.50 1.51 - 2.00 Greater Total Property type: Retail $ 100 $ 157 $ 426 $ 1,441 $ 713 $ 2,837 Office 67 108 165 609 578 1,527 Industrial 8 77 80 629 667 1,461 Apartments 17 62 77 230 191 577 Mixed use 23 31 40 118 115 327 Other 5 114 16 44 30 209 Total amortized cost $ 220 $ 549 $ 804 $ 3,071 $ 2,294 $ 6,938 % of total 3 % 8 % 12 % 44 % 33 % 100 % Weighted-average debt-to-value 68 % 60 % 62 % 60 % 44 % 55 % December 31, 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 $ 102 $ 166 $ 405 $ 1,375 $ 726 $ 2,774 Office 67 109 167 593 590 1,526 Industrial 9 64 82 599 666 1,420 Apartments 17 62 84 225 197 585 Mixed use 24 32 40 118 116 330 Other 4 126 13 48 30 221 Total amortized cost $ 223 $ 559 $ 791 $ 2,958 $ 2,325 $ 6,856 % of total 3 % 8 % 12 % 43 % 34 % 100 % Weighted-average debt-to-value 68 % 61 % 61 % 60 % 43 % 55 %
Other Geographic Area | Commercial Mortgage Loan
Distribution Across Property Type and Geographic Region for Commercial Mortgage Loans	The following tables set forth the distribution across property type and geographic region for commercial mortgage loans as of the dates indicated: March 31, 2022 December 31, 2021 (Amounts in millions) Carrying % of Carrying % of Property type: Retail $ 2,837 41 % $ 2,774 40 % Office 1,527 22 1,526 22 Industrial 1,461 21 1,420 21 Apartments 577 8 585 9 Mixed use 327 5 330 5 Other 209 3 221 3 Subtotal 6,938 100 % 6,856 100 % Allowance for credit losses (25 ) (26 ) Total $ 6,913 $ 6,830 March 31, 2022 December 31, 2021 (Amounts in millions) Carrying % of Carrying % of Geographic region: South Atlantic $ 1,806 26 % $ 1,770 26 % Pacific 1,357 20 1,360 20 Middle Atlantic 964 14 964 14 Mountain 932 13 892 13 West South Central 493 7 483 7 West North Central 466 7 461 7 East North Central 464 7 465 7 New England 235 3 237 3 East South Central 221 3 224 3 Subtotal 6,938 100 % 6,856 100 % Allowance for credit losses (25 ) (26 ) Total $ 6,913 $ 6,830

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Schedule Of Positions in Derivative Instruments	The following table sets forth our positions in derivative instruments as of the dates indicated: Derivative assets Derivative liabilities Fair value Fair value (Amounts in millions) Balance March 31, December 31, Balance sheet March 31, December 31, Derivatives designated as hedges Cash flow hedges: Interest rate swaps Other invested assets $ 162 $ 364 Other liabilities $ 76 $ 26 Foreign currency swaps Other invested assets 5 6 Other liabilities 1 — Total cash flow hedges 167 370 77 26 Total derivatives designated as hedges 167 370 77 26 Derivatives not designated as hedges Equity index options Other invested assets 30 42 Other liabilities — — Financial futures Other invested assets — — Other liabilities — — Other foreign currency contracts Other invested assets — 2 Other liabilities — — GMWB embedded derivatives Reinsurance (1) 17 19 Policyholder (2) 243 271 Fixed index annuity embedded derivatives Other assets — — Policyholder (3) 261 294 Indexed universal life embedded derivatives Reinsurance — — Policyholder (4) 21 25 Total derivatives not designated as hedges 47 63 525 590 Total derivatives $ 214 $ 433 $ 602 $ 616 (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/ March 31, Derivatives designated as hedges Cash flow hedges: Interest rate swaps Notional $ 7,653 $ — $ (58 ) $ 7,595 Foreign currency swaps Notional 127 — — 127 Total cash flow hedges 7,780 — (58 ) 7,722 Total derivatives designated as hedges 7,780 — (58 ) 7,722 Derivatives not designated as hedges Equity index options Notional 1,446 300 (368 ) 1,378 Financial futures Notional 946 994 (1,042 ) 898 Other foreign currency contracts Notional 83 — (59 ) 24 Total derivatives not designated as hedges 2,475 1,294 (1,469 ) 2,300 Total derivatives $ 10,255 $ 1,294 $ (1,527 ) $ 10,022 (Number of policies) Measurement December 31, Additions Maturities/ March 31, Derivatives not designated as hedges GMWB embedded derivatives Policies 21,804 — (477 ) 21,327 Fixed index annuity embedded derivatives Policies 9,344 — (568 ) 8,776 Indexed universal life embedded derivatives Policies 806 — (7 ) 799
Schedule of Pre-Tax Income (Loss) Effects of Cash Flow Hedges	The following table provides information about the pre-tax income effects of cash flow hedges for the three months ended March 31, 2022: (Amounts in millions) Gain (loss) Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ (250 ) $ 55 Net investment $ — Net investment gains (losses) Interest rate swaps hedging assets — 2 Net investment — Net investment Interest rate swaps hedging liabilities — (1 ) Interest — Net investment Foreign currency swaps (2 ) 1 Net investment — Net investment Total $ (252 ) $ 57 $ — The following table provides information about the pre-tax income effects of cash flow hedges for the three months ended March 31, 2021: (Amounts in millions) Gain (loss) recognized in OCI Gain (loss) Classification of gain Gain (loss) Classification of gain Interest rate swaps hedging assets $ (529 ) $ 52 Net investment income $ — Net investment gains (losses) Interest rate swaps hedging liabilities 44 — Interest expense — Net investment gains (losses) Foreign currency swaps (2 ) — Net investment income — Net investment gains (losses) Total $ (487 ) $ 52 $ —
Reconciliation of Current Period Changes, Net of Applicable Income Taxes, for Derivatives Qualifying as Hedge	The following table provides a reconciliation of current period changes, net of applicable income taxes, for these designated derivatives presented in the separate component of stockholders’ equity labeled “derivatives qualifying as hedges,” for the periods indicated: Three months ended (Amounts in millions) 2022 2021 Derivatives qualifying as effective accounting hedges as of January 1 $ 2,025 $ 2,211 Current period increases (decreases) in fair value, net of deferred taxes of $53 and $102 (199 ) (385 ) Reclassification to net (income), net of deferred taxes of $20 and $18 (37 ) (34 ) Derivatives qualifying as effective accounting hedges as of March 31 $ 1,789 $ 1,792
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 for the effects of derivatives not designated as hedges for the periods indicated: Three months ended Classification of gain (loss) recognized in net income (Amounts in millions) 2022 2021 Interest rate swaps $ — $ 4 Net investment gains (losses) Equity index options (6 ) 3 Net investment gains (losses) Financial futures (47 ) (110 ) Net investment gains (losses) GMWB embedded derivatives 32 105 Net investment gains (losses) Fixed index annuity embedded derivatives 12 (4 ) Net investment gains (losses) Indexed universal life embedded derivatives 11 10 Net investment gains (losses) Total derivatives not designated as hedges $ 2 $ 8
Derivative Assets and Liabilities Subject to Master Netting Arrangement	The following table presents additional information about derivative assets and liabilities subject to an enforceable master netting arrangement as of the dates indicated: March 31, 2022 December 31, 2021 (Amounts in millions) Derivative (1) Derivative (1) Net Derivative (1) Derivative (1) Net Amounts presented in the balance sheet: Gross amounts recognized $ 198 $ 77 $ 121 $ 414 $ 26 $ 388 Gross amounts offset in the balance sheet — — — — — — Net amounts presented in the balance sheet 198 77 121 414 26 388 Gross amounts not offset in the balance sheet: Financial instruments (2) (49 ) (49 ) — (20 ) (20 ) — Collateral received (110 ) — (110 ) (308 ) — (308 ) Collateral pledged — (567 ) 567 — (536 ) 536 Over collateralization 13 539 (526 ) 2 530 (528 ) Net amount $ 52 $ — $ 52 $ 88 $ — $ 88 (1) Included $1 million of accruals on derivatives classified as other assets as of March 31, 2022 and does not include amounts related to embedded derivatives as of March 31, 2022 and December 31, 2021. (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)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022: (Amounts in millions) Fair value Primary methodologies Significant inputs U.S. government, agencies $4,097 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 $3,063 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 $783 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 $27,876 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 $7,414 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 $1,287 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 $2,346 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 $1,955 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 dates indicated: March 31, 2022 (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 $ 4,097 $ — $ 4,097 $ — $ — State and political subdivisions 3,134 — 3,063 71 — Non-U.S. government 784 — 783 1 — U.S. corporate: Utilities 4,634 — 3,722 912 — Energy 2,699 — 2,627 72 — Finance and insurance 8,229 — 7,553 676 — Consumer—non-cyclical 5,488 — 5,396 92 — Technology and communications 3,497 — 3,469 28 — Industrial 1,348 — 1,313 35 — Capital goods 2,512 — 2,471 41 — Consumer—cyclical 1,767 — 1,640 127 — Transportation 1,248 — 1,184 64 — Other 401 — 179 222 — Total U.S. corporate 31,823 — 29,554 2,269 — Non-U.S. corporate: Utilities 878 — 544 334 — Energy 1,241 — 1,103 138 — Finance and insurance 2,191 — 2,048 143 — Consumer—non-cyclical 671 — 611 60 — Technology and communications 1,099 — 1,072 27 — Industrial 953 — 879 74 — Capital goods 619 — 487 132 — Consumer—cyclical 312 — 226 86 — Transportation 423 — 401 22 — Other 1,066 — 1,042 24 — Total non-U.S. corporate 9,453 — 8,413 1,040 — Residential mortgage-backed 1,320 — 1,287 33 — Commercial mortgage-backed 2,361 — 2,346 15 — Other asset-backed 2,055 — 1,955 100 — Total fixed maturity securities 55,027 — 51,498 3,529 — Equity securities 230 137 57 36 — Limited partnerships 1,558 — — 26 1,532 Other invested assets: Derivative assets: Interest rate swaps 162 — 162 — — Foreign currency swaps 5 — 5 — — Equity index options 30 — — 30 — Total derivative assets 197 — 167 30 — Short-term investments 76 — 76 — — Total other invested assets 273 — 243 30 — Reinsurance recoverable (2) 17 — — 17 — Separate account assets 5,530 5,530 — — — Total assets $ 62,635 $ 5,667 $ 51,798 $ 3,638 $ 1,532 (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, 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 $ 4,552 $ — $ 4,552 $ — $ — State and political subdivisions 3,450 — 3,368 82 — Non-U.S. government 835 — 833 2 — U.S. corporate: Utilities 5,104 — 4,154 950 — Energy 2,934 — 2,858 76 — Finance and insurance 8,991 — 8,306 685 — Consumer—non-cyclical 6,159 — 6,055 104 — Technology and communications 3,808 — 3,779 29 — Industrial 1,494 — 1,457 37 — Capital goods 2,745 — 2,700 45 — Consumer—cyclical 1,899 — 1,762 137 — Transportation 1,371 — 1,307 64 — Other 419 — 165 254 — Total U.S. corporate 34,924 — 32,543 2,381 — Non-U.S. corporate: Utilities 928 — 583 345 — Energy 1,383 — 1,238 145 — Finance and insurance 2,432 — 2,272 160 — Consumer—non-cyclical 743 — 680 63 — Technology and communications 1,250 — 1,222 28 — Industrial 1,047 — 954 93 — Capital goods 705 — 532 173 — Consumer—cyclical 341 — 265 76 — Transportation 489 — 436 53 — Other 1,217 — 1,191 26 — Total non-U.S. corporate 10,535 — 9,373 1,162 — Residential mortgage-backed 1,440 — 1,413 27 — Commercial mortgage-backed 2,584 — 2,568 16 — Other asset-backed 2,160 — 2,022 138 — Total fixed maturity securities 60,480 — 56,672 3,808 — Equity securities 198 101 60 37 — Limited partnerships 1,462 — — 26 1,436 Other invested assets: Derivative assets: Interest rate swaps 364 — 364 — — Foreign currency swaps 6 — 6 — — Equity index options 42 — — 42 — Other foreign currency contracts 2 — 2 — — Total derivative assets 414 — 372 42 — Short-term investments 26 — 26 — — Total other invested assets 440 — 398 42 — Reinsurance recoverable (2) 19 — — 19 — Separate account assets 6,066 6,066 — — — Total assets $ 68,665 $ 6,167 $ 57,130 $ 3,932 $ 1,436 (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: Beginning balance as of Total realized and unrealized gains (losses) Ending balance as of Total gains attributable to assets still held (Amounts in millions) Included Included Purchases Sales Issuances Settlements Transfer (1) Transfer (1 ) Included Included Fixed maturity securities: State and political subdivisions $ 82 $ 1 $ (12 ) $ — $ — $ — $ — $ — $ — $ 71 $ 1 $ (12 ) Non-U.S. government 2 — — — (1 ) — — — — 1 — — U.S. corporate: Utilities 950 — (73 ) 35 — — — — — 912 — (73 ) Energy 76 — (4 ) — — — — — — 72 — (4 ) Finance and insurance 685 — (56 ) 66 — — (2 ) — (17 ) 676 — (55 ) Consumer—non-cyclical 104 — (5 ) — — — (7 ) — — 92 — (6 ) Technology and communications 29 — (1 ) — — — — — — 28 — (1 ) Industrial 37 — (2 ) — — — — — — 35 — (2 ) Capital goods 45 — (4 ) — — — — — — 41 — (3 ) Consumer—cyclical 137 — (8 ) — — — (2 ) — — 127 — (8 ) Transportation 64 — (3 ) 5 — — (2 ) — — 64 — (3 ) Other 254 — (11 ) — — — (4 ) — (17 ) 222 — (10 ) Total U.S. corporate 2,381 — (167 ) 106 — — (17 ) — (34 ) 2,269 — (165 ) Non-U.S. corporate: Utilities 345 — (21 ) 10 — — — — — 334 — (21 ) Energy 145 — (7 ) — — — — — — 138 — (7 ) Finance and insurance 160 1 (18 ) — — — — — — 143 1 (18 ) Consumer—non-cyclical 63 — (3 ) — — — — — — 60 — (3 ) Technology and communications 28 — (1 ) — — — — — — 27 — (1 ) Industrial 93 — (6 ) — — — — — (13 ) 74 — (4 ) Capital goods 173 — (8 ) — — — (33 ) — — 132 — (8 ) Consumer—cyclical 76 — (7 ) — — — — 17 — 86 — (7 ) Transportation 53 — (2 ) — — — (29 ) — — 22 — (2 ) Other 26 — (2 ) — — — — — — 24 — (2 ) Total non-U.S. corporate 1,162 1 (75 ) 10 — — (62 ) 17 (13 ) 1,040 1 (73 ) Residential mortgage-backed 27 — (1 ) 9 — — (1 ) 4 (5 ) 33 — — Commercial mortgage-backed 16 — (1 ) — — — — — — 15 — (1 ) Other asset-backed 138 — (7 ) 6 — — (3 ) — (34 ) 100 — (5 ) Total fixed maturity securities 3,808 2 (263 ) 131 (1 ) — (83 ) 21 (86 ) 3,529 2 (256 ) Equity securities 37 — — — — — — — (1 ) 36 — — Limited partnerships 26 — — — — — — — — 26 — — Other invested assets: Derivative assets: Equity index options 42 (6 ) — 5 — — (11 ) — — 30 (3 ) — Total derivative assets 42 (6 ) — 5 — — (11 ) — — 30 (3 ) — Total other invested assets 42 (6 ) — 5 — — (11 ) — — 30 (3 ) — Reinsurance recoverable (2) 19 (2 ) — — — — — — — 17 (2 ) — Total Level 3 assets $ 3,932 $ (6 ) $ (263 ) $ 136 $ (1 ) $ — $ (94 ) $ 21 $ (87 ) $ 3,638 $ (3 ) $ (256 ) (1) The transfers into and out of Level 3 for fixed maturity securities were related to changes in the primary pricing source and changes in the observability of external information used in determining the fair value, such as external ratings or credit spreads, as well as changes in the industry sectors assigned to specific securities. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities. Beginning as of Total realized and Ending as of Total gains (Amounts in millions) Included Included Purchases Sales Issuances Settlements Transfer (1) Transfer (1) Included Included Fixed maturity securities: State and political subdivisions $ 66 $ 1 $ 1 $ — $ — $ — $ — $ — $ — $ 68 $ 1 $ 1 U.S. corporate: Utilities 842 — (30 ) 8 — — (13 ) — (14 ) 793 — (29 ) Energy 128 — (4 ) — — — (2 ) — — 122 — (4 ) Finance and insurance 607 — (22 ) 18 — — (17 ) 17 (6 ) 597 — (22 ) Consumer—non-cyclical 109 — (3 ) — — — — — — 106 — (3 ) Technology and communications 47 — (2 ) 12 — — — 4 (21 ) 40 — (2 ) Industrial 40 — — — — — (20 ) — — 20 — — Capital goods 60 — (2 ) — — — — — — 58 — (2 ) Consumer—cyclical 150 — (2 ) — — — (1 ) — — 147 — (2 ) Transportation 70 — (1 ) — — — (2 ) — — 67 — (1 ) Other 219 — (2 ) — — — (3 ) 6 (20 ) 200 — (1 ) Total U.S. corporate 2,272 — (68 ) 38 — — (58 ) 27 (61 ) 2,150 — (66 ) Non-U.S. corporate: Utilities 352 — (7 ) 30 — — — — — 375 — (7 ) Energy 245 — (2 ) — — — — — — 243 — (2 ) Finance and insurance 305 1 (16 ) — — — — — — 290 1 (16 ) Consumer—non-cyclical 67 — (1 ) — — — — — — 66 — (1 ) Technology and communications 28 — — — — — — — — 28 — — Industrial 95 — (2 ) — — — — — — 93 — (2 ) Capital goods 178 — (3 ) — — — — — — 175 — (3 ) Consumer—cyclical 146 — (2 ) 16 — — — — (16 ) 144 — (2 ) Transportation 109 — (1 ) — — — (19 ) — (7 ) 82 — (1 ) Other 83 — (2 ) — — — (1 ) — — 80 — (2 ) Total non-U.S. corporate 1,608 1 (36 ) 46 — — (20 ) — (23 ) 1,576 1 (36 ) Residential mortgage-backed 14 — (1 ) — — — — — — 13 — — Commercial mortgage-backed 20 — (1 ) — — — — — — 19 — (2 ) Other asset-backed 109 — — 3 — — (4 ) 2 (14 ) 96 — — Total fixed maturity securities 4,089 2 (105 ) 87 — — (82 ) 29 (98 ) 3,922 2 (103 ) Equity securities 51 — — — (8 ) — — — — 43 — — Limited partnerships 17 — — 8 — — — — — 25 — — Other invested assets: Derivative assets: Equity index options 63 3 — 5 — — (18 ) — — 53 2 — Total derivative assets 63 3 — 5 — — (18 ) — — 53 2 — Total other invested assets 63 3 — 5 — — (18 ) — — 53 2 — Reinsurance recoverable (2) 26 (8 ) — — — — — — — 18 (8 ) — Total Level 3 assets $ 4,246 $ (3 ) $ (105 ) $ 100 $ (8 ) $ — $ (100 ) $ 29 $ (98 ) $ 4,061 $ (4 ) $ (103 ) (1) The transfers into and out of Level 3 for fixed maturity securities were related to changes in the primary pricing source and changes in the observability of external information used in determining the fair value, such as external ratings or credit spreads, as well as changes in the industry sectors assigned to specific securities. (2) Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities.
Gains and Losses Included in Net Income (Loss) from Assets Measured at Fair Value	The following table presents the gains and losses included in net income from assets measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value and the related income statement line item in which these gains and losses were presented for the three months ended March 31: (Amounts in millions) 2022 2021 Total realized and unrealized gains (losses) included in net income: Net investment income $ 2 $ 2 Net investment gains (losses) (8 ) (5 ) Total $ (6 ) $ (3 ) Net gains (losses) included in net income attributable to assets still held: Net investment income $ 2 $ 2 Net investment gains (losses) (5 ) (6 ) Total $ (3 ) $ (4 )
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 March 31, 2022: (Amounts in millions) Valuation technique Fair value Unobservable input Range Weighted-average (1) Fixed maturity securities: U.S. corporate: Utilities Internal models $ 880 Credit spreads 49bps - 227bps 148bps Energy Internal models 57 Credit spreads 108bps - 248bps 173bps Finance and insurance Internal models 670 Credit spreads 54bps - 218bps 158bps Consumer—non-cyclical Internal models 92 Credit spreads 54bps - 248bps 132bps Technology and communications Internal models 27 Credit spreads 87bps - 162bps 133bps Industrial Internal models 35 Credit spreads 98bps - 203bps 136bps Capital goods Internal models 41 Credit spreads 67bps - 190bps 145bps Consumer—cyclical Internal models 127 Credit spreads 85bps - 184bps 137bps Transportation Internal models 53 Credit spreads 32bps - 156bps 103bps Other Internal models 158 Credit spreads 90bps - 170bps 109bps Total U.S. corporate Internal models $ 2,140 Credit spreads 32bps - 248bps 146bps Non-U.S. corporate: Utilities Internal models $ 333 Credit spreads 75bps - 218bps 129bps Energy Internal models 129 Credit spreads 83bps - 203bps 138bps Finance and insurance Internal models 143 Credit spreads 88bps - 150bps 135bps Consumer—non-cyclical Internal models 58 Credit spreads 54bps - 154bps 103bps Technology and communications Internal models 27 Credit spreads 83bps - 139bps 108bps Industrial Internal models 74 Credit spreads 67bps - 182bps 113bps Capital goods Internal models 132 Credit spreads 54bps - 236bps 137bps Consumer—cyclical Internal models 57 Credit spreads 98bps - 203bps 137bps Transportation Internal models 21 Credit spreads 126bps - 203bps 141bps Other Internal models 24 Credit spreads 55bps - 130bps 106bps Total non-U.S. corporate Internal models $ 998 Credit spreads 54bps - 236bps 129bps Derivative assets: Equity index options Discounted cash flows $ 30 Equity index 6% - 56% 21% (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: March 31, 2022 (Amounts in millions) Total Level 1 Level 2 Level 3 Liabilities Policyholder account balances: GMWB embedded derivatives (1) $ 243 $ — $ — $ 243 Fixed index annuity embedded derivatives 261 — — 261 Indexed universal life embedded derivatives 21 — — 21 Total policyholder account balances 525 — — 525 Derivative liabilities: Interest rate swaps 76 — 76 — Foreign currency swaps 1 — 1 — Total derivative liabilities 77 — 77 — Total liabilities $ 602 $ — $ 77 $ 525 (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. December 31, 2021 (Amounts in millions) Total Level 1 Level 2 Level 3 Liabilities Policyholder account balances: GMWB embedded derivatives (1) $ 271 $ — $ — $ 271 Fixed index annuity embedded derivatives 294 — — 294 Indexed universal life embedded derivatives 25 — — 25 Total policyholder account balances 590 — — 590 Derivative liabilities: Interest rate swaps 26 — 26 — Total derivative liabilities 26 — 26 — Total liabilities $ 616 $ — $ 26 $ 590 (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 2022 Total realized and Ending as of Total (gains) losses (Amounts in millions) Included Included Purchases Sales Issuances Settlements Transfer Transfer Included Included Policyholder account balances: GMWB embedded derivatives (1) $ 271 $ (34 ) $ — $ — $ — $ 6 $ — $ — $ — $ 243 $ (30 ) $ — Fixed index annuity embedded derivatives 294 (12 ) — — — — (20 ) — (1 ) 261 (12 ) — Indexed universal life embedded derivatives 25 (11 ) — — — 7 — — — 21 (11 ) — Total policyholder account balances 590 (57 ) — — — 13 (20 ) — (1 ) 525 (53 ) — Total Level 3 liabilities $ 590 $ (57 ) $ — $ — $ — $ 13 $ (20 ) $ — $ (1 ) $ 525 $ (53 ) $ — (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance. Beginning as of Total realized and Ending as of Total (gains) losses (Amounts in millions) Included Included Purchases Sales Issuances Settlements Transfer Transfer Included Included Policyholder account balances: GMWB embedded derivatives (1) $ 379 $ (113 ) $ — $ — $ — $ 6 $ — $ — $ — $ 272 $ (107 ) $ — Fixed index annuity embedded derivatives 399 4 — — — — (41 ) — — 362 4 — Indexed universal life embedded derivatives 26 (10 ) — — — 7 — — — 23 (10 ) — Total policyholder account balances 804 (119 ) — — — 13 (41 ) — — 657 (113 ) — Total Level 3 liabilities $ 804 $ (119 ) $ — $ — $ — $ 13 $ (41 ) $ — $ — $ 657 $ (113 ) $ — (1) Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
Gains and Losses Included in Net (Income) from Liabilities Measured at Fair Value	The following table presents the gains and losses included in net (income) from liabilities measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value and the related income statement line item in which these gains and losses were presented for the three months ended March 31: (Amounts in millions) 2022 2021 Total realized and unrealized (gains) losses included in net (income): Net investment income $ — $ — Net investment (gains) losses (57 ) (119 ) Total $ (57 ) $ (119 ) Total (gains) losses included in net (income) attributable to liabilities still held: Net investment income $ — $ — Net investment (gains) losses (53 ) (113 ) Total $ (53 ) $ (113 )
Summary of Significant Unobservable Inputs Used for Certain Liability Fair Value Measurements	The following table presents a summary of the significant unobservable inputs used for certain liability fair value measurements that are based on internal models and classified as Level 3 as of March 31, 2022: (Amounts in millions) Valuation technique Fair value Unobservable input Range Weighted-average (1) Policyholder account balances: Withdrawal 61% - 89% 77% Lapse rate 2% - 9% 4% Non-performance risk (credit spreads) 23bps - 83bps 66bps GMWB embedded derivatives (2) Stochastic cash flow model $243 Equity index 18% - 27% 23% Fixed index annuity embedded derivatives Option budget method $261 Expected future —% - 3% 1% Indexed universal life embedded derivatives Option budget method $21 Expected future 3% - 12% 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: March 31, 2022 Notional amount Carrying amount Fair value (Amounts in millions) Total Level 1 Level 2 Level 3 Assets: Commercial mortgage loans, net (1) $ 6,913 $ 6,983 $ — $ 22 $ 6,961 Bank loan investments (1) 381 384 — — 384 Liabilities: Long-term borrowings (1) 1,819 1,587 — 1,587 — Investment contracts (1) 8,327 8,582 — — 8,582 Other firm commitments: Commitments to fund bank loan investments 108 — — — — — Ordinary course of business lending commitments 95 — — — — — (1) These financial instruments do not have notional amounts. December 31, 2021 Notional amount Carrying amount Fair value (Amounts in millions) Total Level 1 Level 2 Level 3 Assets: Commercial mortgage loans, net (1) $ 6,830 $ 7,224 $ — $ — $ 7,224 Bank loan investments (1) 363 370 — — 370 Liabilities: Long-term borrowings (1) 1,899 1,767 — 1,767 — Investment contracts (1) 8,657 9,352 — — 9,352 Other firm commitments: Commitments to fund bank loan investments 141 — — — — — Ordinary course of business lending commitments 125 — — — — — (1) These financial instruments do not have notional amounts.
Summary of carrying value of limited partnerships and commitments to fund	The following table presents the carrying value of limited partnerships and commitments to fund as of the dates indicated: March 31, 2022 December 31, 2021 (Amounts in millions) Carrying value Commitments Carrying Commitments Limited partnerships accounted for at NAV: Private equity funds (1) $ 1,405 $ 975 $ 1,312 $ 950 Real estate funds (2) 72 117 67 101 Infrastructure funds (3) 55 13 57 13 Total limited partnerships accounted for at NAV 1,532 1,105 1,436 1,064 Limited partnerships accounted for at fair value 26 1 26 1 Limited partnerships accounted for under equity method of accounting 448 203 437 120 Low-income housing tax credits (4) 1 — 1 — Total $ 2,007 $ 1,309 $ 1,900 $ 1,185 (1) This class employs various investment strategies such as leveraged buyout, growth equity, venture capital and mezzanine financing, generally investing in debt or equity positions directly in companies or assets of various sizes across diverse industries globally, primarily concentrated in North America. (2) This class invests in real estate in North America, Europe and Asia via direct property ownership, joint ventures, mortgages and investments in debt and equity instruments. (3) This class invests in the debt or equity of cash flow generating assets diversified across a variety of industries, including transportation, energy infrastructure, renewable power, social infrastructure, power generation, water, telecommunications and other regulated entities globally. (4) Relates to limited partnership investments that invest in affordable housing projects that qualify for the Low-Income Housing Tax Credit and are accounted for using the proportional amortization method.

Liability for Policy and Cont_2

Liability for Policy and Contract Claims (Tables)	3 Months Ended
	Mar. 31, 2022
Changes in Liability for Policy and Contract Claims	The following table sets forth changes in our liability for policy and contract claims as of the dates indicated: As of or for the three (Amounts in millions) 2022 2021 Beginning balance $ 11,841 $ 11,486 Less reinsurance recoverables (2,388 ) (2,431 ) Net beginning balance 9,453 9,055 Incurred related to insured events of: Current year 1,094 1,054 Prior years (293 ) (229 ) Total incurred 801 825 Paid related to insured events of: Current year (202 ) (197 ) Prior years (675 ) (725 ) Total paid (877 ) (922 ) Interest on liability for policy and contract claims 103 101 Net ending balance 9,480 9,059 Add reinsurance recoverables 2,353 2,356 Ending balance $ 11,833 $ 11,415

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2022
Schedule of Long Term Borrowings	The following table sets forth total long-term borrowings as of the dates indicated: (Amounts in millions) March 31, December 31, Genworth Holdings (1) 4.80% Senior Notes, due 2024 $ 200 $ 282 6.50% Senior Notes, due 2034 298 298 Floating Rate Junior Subordinated Notes, due 2066 598 598 Subtotal 1,096 1,178 Bond consent fees (11 ) (12 ) Deferred borrowing charges (7 ) (7 ) Total Genworth Holdings 1,078 1,159 Enact Holdings 6.50% Senior Notes, due 2025 (2) 750 750 Deferred borrowing charges (9 ) (10 ) Total Enact Holdings 741 740 Total $ 1,819 $ 1,899 (1) Genworth Holdings has 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 majority-owned indirect 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)	3 Months Ended
	Mar. 31, 2022
Reconciliation of Federal Statutory Tax Rate to Effective Income Tax Rate	The reconciliation of the federal statutory tax rate to the effective income tax rate was as follows for the periods indicated: Three months ended March 31, 2022 2021 Statutory U.S. federal income tax rate 21.0 % 21.0 % Increase in rate resulting from: Tax on income from terminated swaps 2.8 4.1 Other, net 0.5 0.2 Effective rate 24.3 % 25.3 %

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Summary of Revenues of Major Product Groups for Segments and Corporate and Other Activities	The following is a summary of revenues for our segments and Corporate and Other activities for the periods indicated: Three months ended (Amounts in millions) 2022 2021 Revenues: Enact segment $ 270 $ 288 U.S. Life Insurance segment: Long-term care insurance 1,109 1,140 Life insurance 339 348 Fixed annuities 116 132 U.S. Life Insurance segment 1,564 1,620 Runoff segment 66 76 Corporate and Other activities (8 ) 1 Total revenues $ 1,892 $ 1,985
Summary of Net Operating Income (Loss) for Segments and Corporate and Other Activities	The following tables present the reconciliation of net income available to Genworth Financial, Inc.’s common stockholders to adjusted operating income available to Genworth Financial, Inc.’s common stockholders and a summary of adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders for our segments and Corporate and Other activities for the periods indicated: Three months ended (Amounts in millions) 2022 2021 Net income available to Genworth Financial, Inc.’s common stockholders $ 149 $ 187 Add: net income from continuing operations attributable to noncontrolling interests 30 — Add: net income from discontinued operations attributable to noncontrolling interests — 8 Net income 179 195 Less: income (loss) from discontinued operations, net of taxes (2 ) 21 Income from continuing operations 181 174 Less: net income from continuing operations attributable to noncontrolling interests 30 — Income from continuing operations available to Genworth Financial, Inc.’s common stockholders 151 174 Adjustments to income from continuing operations available to Genworth Financial, Inc.’s common stockholders: Net investment (gains) losses, net (28 ) (33 ) (Gains) losses on early extinguishment of debt 3 4 Expenses related to restructuring — 21 Taxes on adjustments 5 2 Adjusted operating income available to Genworth Financial, Inc.’s common stockholders $ 131 $ 168 Three months ended (Amounts in millions) 2022 2021 Adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders: Enact segment $ 135 $ 126 U.S. Life Insurance segment: Long-term care insurance 59 95 Life insurance (79 ) (63 ) Fixed annuities 16 30 U.S. Life Insurance segment (4 ) 62 Runoff segment 9 12 Corporate and Other activities (9 ) (32 ) Adjusted operating income available to Genworth Financial, Inc.’s common stockholders $ 131 $ 168
Summary of Assets for Segments and Corporate and Other Activities	The following is a summary of total assets for our segments and Corporate and Other activities as of the dates indicated: (Amounts in millions) March 31, December 31, Assets: Enact segment $ 5,790 $ 5,850 U.S. Life Insurance segment 76,482 81,210 Runoff segment 8,960 9,460 Corporate and Other activities 2,255 2,651 Total assets $ 93,487 $ 99,171

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2022
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 January 1, 2022 $ 1,860 $ 2,025 $ (24 ) $ 3,861 OCI before reclassifications (1,057 ) (199 ) (5 ) (1,261 ) Amounts reclassified from (to) OCI 6 (37 ) — (31 ) Current period OCI (1,051 ) (236 ) (5 ) (1,292 ) Balances as of March 31, 2022 before noncontrolling interests 809 1,789 (29 ) 2,569 Less: change in OCI attributable to noncontrolling interests (41 ) — — (41 ) Balances as of March 31, 2022 $ 850 $ 1,789 $ (29 ) $ 2,610 (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 (316 ) (385 ) 136 (565 ) Amounts reclassified from (to) OCI (4 ) (34 ) — (38 ) Current period OCI (320 ) (419 ) 136 (603 ) Balances as of March 31, 2021 before noncontrolling interests 1,894 1,792 136 3,822 Less: change in OCI attributable to noncontrolling interests (25 ) — 172 147 Balances as of March 31, 2021 $ 1,919 $ 1,792 $ (36 ) $ 3,675 (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 March 31, (Amounts in millions) 2022 2021 Net unrealized investment (gains) losses: Unrealized (gains) losses on (1) $ 8 $ (5 ) Net investment (gains) losses Income taxes (2 ) 1 Provision for income taxes Total $ 6 $ (4 ) Derivatives qualifying as hedges: Interest rate swaps hedging assets $ (55 ) $ (52 ) Net investment income Interest rate swaps hedging assets (2 ) — Net investment (gains) losses Interest rate swaps hedging liabilities 1 — Interest expense Foreign currency swaps (1 ) — Net investment income Income taxes 20 18 Provision for income taxes Total $ (37 ) $ (34 ) (1) Amounts exclude adjustments to DAC, present value of future profits, sales inducements and benefit reserves.

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
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 period indicated: (Amounts in millions) Three months Revenues: Premiums $ 51 Net investment income 4 Net investment gains (losses) (5 ) Total revenues 50 Benefits and expenses: Benefits and other changes in policy reserves 11 Acquisition and operating expenses, net of deferrals 7 Amortization of deferred acquisition costs and intangibles 6 Interest expense 1 Total benefits and expenses 25 Income before income taxes and loss on sale (1) 25 Provision for income taxes 7 Income before loss on sale 18 Loss on sale, net of taxes (3 ) Income from discontinued operations, net of taxes 15 Less: net income from discontinued operations attributable to noncontrolling interests 8 Income from discontinued operations available to Genworth Financial, Inc.’s common stockholders $ 7 (1) The three months ended March 31, 2021, includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $13 million.
Assets and liabilities held for sale and operating results related to discontinued operations	The following table presents the amounts owed to AXA under the settlement agreement 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 March 31, December 31, March 31, December 31, Installment payments due to AXA: June 2022: Beginning balance £ — £ 159 $ — $ 217 Prepayments (1) — (159 ) — (217 ) Ending balance — — — — September 2022: Beginning balance — 187 — 256 Amounts billed as future losses — 45 — 61 Prepayments (1) — (232 ) — (324 ) Foreign exchange and other — — — 7 Ending balance — — — — Total amounts due under the promissory note — — — — Future claims: Estimated beginning balance 22 79 30 108 Plus: Additional amounts invoiced 1 — 1 — Change in estimated future claims — (10 ) — (14 ) Less: Amounts billed and included as mandatory prepayments — (45 ) — (61 ) Less: Amounts paid (22 ) (2 ) (30 ) (3 ) Foreign exchange and other — — — — Estimated future claims 1 22 1 30 Total amounts due to AXA under the settlement £ 1 £ 22 $ 1 $ 30 (1) On March 3, 2021, we completed the sale of Genworth

Formation of Genworth and Bas_2

Formation of Genworth and Basis of Presentation - Additional Information (Detail) - Segment	3 Months Ended
	Mar. 31, 2022	Apr. 01, 2013
Number of operating segments	3
Genworth Holdings
Percentage of subsidiary equity ownership		100.00%

Earning (Loss) Per Share (Detai

Earning (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Weighted-average shares used in basic earnings per share calculations		508.3	506
Stock options, restricted stock units and other equity-based compensation		9.1	7.8
Weighted-average shares used in diluted earnings per share calculations		517.4	513.8
Income from continuing operations:
Income from continuing operations		$ 181	$ 174
Less: net income from continuing operations attributable to noncontrolling interests		30	0
Income from continuing operations available to Genworth Financial, Inc.'s common stockholders		$ 151	$ 174
Basic per share		$ 0.30	$ 0.35
Diluted per share		$ 0.29	$ 0.34
Income (loss) from discontinued operations:
Income (loss) from discontinued operations, net of taxes		$ (2)	$ 21
Less: net income (loss) from discontinued operations attributable to noncontrolling interests		0	8
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders		$ (2)	$ 13
Basic per share		$ 0	$ 0.02
Diluted per share		$ 0	$ 0.02
Net income:
Income from continuing operations		$ 181	$ 174
Income (loss) from discontinued operations, net of taxes		(2)	21
Net income		179	195
Less: net income attributable to noncontrolling interests		30	8
Net income available to Genworth Financial, Inc.'s common stockholders		$ 149	$ 187
Basic per share	[1]	$ 0.29	$ 0.37
Diluted per share	[1]	$ 0.29	$ 0.37
[1]	May not total due to whole number calculation.

Net Investment Income (Detail)

Net Investment Income (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net Investment Income [Line Items]
Gross investment income before expenses and fees	$ 784	$ 821
Expenses and fees	(20)	(20)
Net investment income	764	801
Fixed maturity securities—taxable
Net Investment Income [Line Items]
Gross investment income before expenses and fees	580	599
Fixed maturity securities—non-taxable
Net Investment Income [Line Items]
Gross investment income before expenses and fees	1	2
Equity Securities
Net Investment Income [Line Items]
Gross investment income before expenses and fees	2	3
Commercial mortgage loans
Net Investment Income [Line Items]
Gross investment income before expenses and fees	81	78
Policy Loans
Net Investment Income [Line Items]
Gross investment income before expenses and fees	50	50
Limited partnerships
Net Investment Income [Line Items]
Gross investment income before expenses and fees	7	31
Other invested assets
Net Investment Income [Line Items]
Gross investment income before expenses and fees	$ 63	$ 58

Net Investment Gains (Losses) (

Net Investment Gains (Losses) (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Available-for-sale fixed maturity securities:
Realized gains		$ 10	$ 7
Realized losses		(18)	(3)
Net realized gains (losses) on available-for-sale fixed maturity securities		(8)	4
Net realized gains (losses) on equity securities sold		0	(5)
Net realized gains (losses) on limited partnerships		0	3
Total net realized investment gains (losses)		(8)	2
Net change in allowance for credit losses on available-for-sale fixed maturity securities		0	(2)
Write-down of available-for-sale fixed maturity securities	[1]	(2)	(1)
Net unrealized gains (losses) on equity securities still held		(6)	(8)
Net unrealized gains (losses) on limited partnerships		35	34
Commercial mortgage loans		1	(1)
Derivative instruments	[2]	4	8
Other		4	1
Total net investment gains (losses)		$ 28	$ 33
[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 $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Beginning Balance	$ 4
Increase from securities without allowance in previous periods	0
Increase (decrease) from securities with allowance in previous periods	2
Securities Sold	0
Decrease due to change in intent or requirement to sell	0
Write-offs	(3)
Recoveries	0
Ending Balance	3
Non-U.S. corporate
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Beginning Balance	1
Increase from securities without allowance in previous periods	0
Increase (decrease) from securities with allowance in previous periods	2
Securities Sold	0
Decrease due to change in intent or requirement to sell	0
Write-offs	0
Recoveries	0
Ending Balance	3
Commercial mortgage-backed
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Beginning Balance	3
Increase from securities without allowance in previous periods	0
Increase (decrease) from securities with allowance in previous periods	0
Securities Sold	0
Decrease due to change in intent or requirement to sell	0
Write-offs	(3)
Recoveries	0
Ending Balance	$ 0

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
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
Total Assets	93,487	$ 99,171
Limited Partnership Interests | Variable interest Entity, not primary beneficiary
Schedule of Investments [Line Items]
Total Assets	$ 1,936	1,829
Finance and insurance | Fixed maturity securities
Schedule of Investments [Line Items]
Percent of investment portfolio, greater than 10%	24.00%
Utilities | Fixed maturity securities
Schedule of Investments [Line Items]
Percent of investment portfolio, greater than 10%	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%
Office
Schedule of Investments [Line Items]
Write-offs		8
Office | 31 to 60 Past due
Schedule of Investments [Line Items]
Commercial mortgage loans on nonaccrual status		$ 22
Office | More than 90 days past due
Schedule of Investments [Line Items]
Commercial mortgage loans on nonaccrual status	$ 22

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		Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
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]	$ 2,747	$ 7,869
Net unrealized gains (losses) on fixed maturity securities with an allowance for credit losses	[1]	0	0
Adjustments to DAC, present value of future profits, sales inducements, benefit reserves and policyholder contract balances		(1,700)	(5,487)
Income taxes, net		(223)	(507)
Net unrealized investment gains (losses)		824	1,875
Less: net unrealized investment gains (losses) attributable to noncontrolling interests		(26)	15
Net unrealized investment gains (losses)		$ 850	$ 1,860	$ 1,919	$ 2,214
[1]	Excludes foreign exchange.

Change in Net Unrealized Gains

Change in Net Unrealized Gains (Losses) on Available-for-Sale Securities Reported in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Investments [Abstract]
Net unrealized investment gains (losses), beginning of period	$ 1,860	$ 2,214
Unrealized gains (losses) on fixed maturity securities	(5,130)	(3,383)
Adjustment to DAC	237	(174)
Adjustment to present value of future profits	1	1
Adjustment to sales inducements	22	3
Adjustment to benefit reserves and policyholder contract balances	3,527	3,145
Provision for income taxes	286	92
Change in unrealized gains (losses) on investment securities	(1,057)	(316)
Reclassification adjustments to net investment (gains) losses, net of taxes of $(2) and $1	6	(4)
Change in net unrealized investment gains (losses)	(1,051)	(320)
Less: change in net unrealized investment gains (losses) attributable to noncontrolling interests	(41)	(25)
Net unrealized investment gains (losses), end of period	$ 850	$ 1,919

Change in Net Unrealized Gain_2

Change in Net Unrealized Gains (Losses) on Available-for-Sale Securities Reported in Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Components of Net Unrealized Investment Gains Losses Included in Accumulated Other Comprehensive Income Loss [Line Items]
Reclassification adjustments to net investment (gains) losses, taxes	$ (2)	$ 1

Amortized Cost or Cost, Gross U

Amortized Cost or Cost, Gross Unrealized Gains (Losses) and Fair Value of Fixed Maturity and Equity Securities Classified as Available-for-Sale (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	$ 52,280	$ 52,611
Fair value, fixed maturity securities	55,027	60,480
Fixed maturity securities
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	52,280	52,611
Gross unrealized gains, fixed maturity securities	3,799	8,004
Gross unrealized losses, fixed maturity securities	(1,052)	(135)
Allowance for credit losses	0	0	$ (3)	$ (4)
Fair value, fixed maturity securities	55,027	60,480
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	3,356	3,368
Gross unrealized gains, fixed maturity securities	744	1,184
Gross unrealized losses, fixed maturity securities	(3)	0
Allowance for credit losses	0	0
Fair value, fixed maturity securities	4,097	4,552
Fixed maturity securities | State and Political Subdivisions
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	3,009	2,982
Gross unrealized gains, fixed maturity securities	206	474
Gross unrealized losses, fixed maturity securities	(81)	(6)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	3,134	3,450
Fixed maturity securities | Non-U.S. government
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	778	762
Gross unrealized gains, fixed maturity securities	48	86
Gross unrealized losses, fixed maturity securities	(42)	(13)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	784	835
Fixed maturity securities | U.S. corporate
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	30,270	30,257
Gross unrealized gains, fixed maturity securities	2,149	4,746
Gross unrealized losses, fixed maturity securities	(596)	(79)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	31,823	34,924
Fixed maturity securities | U.S. corporate | Utilities
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	4,345	4,330
Gross unrealized gains, fixed maturity securities	355	783
Gross unrealized losses, fixed maturity securities	(66)	(9)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	4,634	5,104
Fixed maturity securities | U.S. corporate | Energy
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,572	2,581
Gross unrealized gains, fixed maturity securities	175	363
Gross unrealized losses, fixed maturity securities	(48)	(10)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	2,699	2,934
Fixed maturity securities | U.S. corporate | Finance and insurance
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	8,026	8,003
Gross unrealized gains, fixed maturity securities	406	1,012
Gross unrealized losses, fixed maturity securities	(203)	(24)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	8,229	8,991
Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	5,070	5,138
Gross unrealized gains, fixed maturity securities	488	1,029
Gross unrealized losses, fixed maturity securities	(70)	(8)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	5,488	6,159
Fixed maturity securities | U.S. corporate | Technology and communications
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	3,371	3,345
Gross unrealized gains, fixed maturity securities	213	476
Gross unrealized losses, fixed maturity securities	(87)	(13)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	3,497	3,808
Fixed maturity securities | U.S. corporate | Industrial
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,301	1,322
Gross unrealized gains, fixed maturity securities	73	175
Gross unrealized losses, fixed maturity securities	(26)	(3)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	1,348	1,494
Fixed maturity securities | U.S. corporate | Capital goods
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,346	2,334
Gross unrealized gains, fixed maturity securities	205	415
Gross unrealized losses, fixed maturity securities	(39)	(4)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	2,512	2,745
Fixed maturity securities | U.S. corporate | Consumer-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,725	1,703
Gross unrealized gains, fixed maturity securities	86	203
Gross unrealized losses, fixed maturity securities	(44)	(7)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	1,767	1,899
Fixed maturity securities | U.S. corporate | Transportation
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,133	1,122
Gross unrealized gains, fixed maturity securities	124	249
Gross unrealized losses, fixed maturity securities	(9)	0
Allowance for credit losses	0	0
Fair value, fixed maturity securities	1,248	1,371
Fixed maturity securities | U.S. corporate | Other
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	381	379
Gross unrealized gains, fixed maturity securities	24	41
Gross unrealized losses, fixed maturity securities	(4)	(1)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	401	419
Fixed maturity securities | Non-U.S. corporate
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	9,113	9,344
Gross unrealized gains, fixed maturity securities	552	1,217
Gross unrealized losses, fixed maturity securities	(212)	(26)
Allowance for credit losses	0	0	(3)	(1)
Fair value, fixed maturity securities	9,453	10,535
Fixed maturity securities | Non-U.S. corporate | Utilities
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	874	867
Gross unrealized gains, fixed maturity securities	19	63
Gross unrealized losses, fixed maturity securities	(15)	(2)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	878	928
Fixed maturity securities | Non-U.S. corporate | Energy
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,158	1,194
Gross unrealized gains, fixed maturity securities	102	190
Gross unrealized losses, fixed maturity securities	(19)	(1)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	1,241	1,383
Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,129	2,171
Gross unrealized gains, fixed maturity securities	132	270
Gross unrealized losses, fixed maturity securities	(70)	(9)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	2,191	2,432
Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	665	664
Gross unrealized gains, fixed maturity securities	28	81
Gross unrealized losses, fixed maturity securities	(22)	(2)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	671	743
Fixed maturity securities | Non-U.S. corporate | Technology and communications
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,055	1,085
Gross unrealized gains, fixed maturity securities	61	166
Gross unrealized losses, fixed maturity securities	(17)	(1)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	1,099	1,250
Fixed maturity securities | Non-U.S. corporate | Industrial
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	918	933
Gross unrealized gains, fixed maturity securities	56	117
Gross unrealized losses, fixed maturity securities	(21)	(3)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	953	1,047
Fixed maturity securities | Non-U.S. corporate | Capital goods
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	610	640
Gross unrealized gains, fixed maturity securities	25	66
Gross unrealized losses, fixed maturity securities	(16)	(1)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	619	705
Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	316	316
Gross unrealized gains, fixed maturity securities	5	27
Gross unrealized losses, fixed maturity securities	(9)	(2)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	312	341
Fixed maturity securities | Non-U.S. corporate | Transportation
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	392	422
Gross unrealized gains, fixed maturity securities	38	68
Gross unrealized losses, fixed maturity securities	(7)	(1)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	423	489
Fixed maturity securities | Non-U.S. corporate | Other
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	996	1,052
Gross unrealized gains, fixed maturity securities	86	169
Gross unrealized losses, fixed maturity securities	(16)	(4)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	1,066	1,217
Fixed maturity securities | Residential mortgage-backed
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	1,277	1,325
Gross unrealized gains, fixed maturity securities	57	116
Gross unrealized losses, fixed maturity securities	(14)	(1)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	1,320	1,440
Fixed maturity securities | Commercial mortgage-backed
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,369	2,435
Gross unrealized gains, fixed maturity securities	36	152
Gross unrealized losses, fixed maturity securities	(44)	(3)
Allowance for credit losses	0	0	$ 0	$ (3)
Fair value, fixed maturity securities	2,361	2,584
Fixed maturity securities | Other asset-backed
Schedule of Investments [Line Items]
Amortized cost or cost, fixed maturity securities	2,108	2,138
Gross unrealized gains, fixed maturity securities	7	29
Gross unrealized losses, fixed maturity securities	(60)	(7)
Allowance for credit losses	0	0
Fair value, fixed maturity securities	$ 2,055	$ 2,160

Gross Unrealized Losses and Fai

Gross Unrealized Losses and Fair Value of Investment Securities (Detail) $ in Millions	Mar. 31, 2022USD ($)Securities	Dec. 31, 2021USD ($)Securities
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 14,957	$ 4,991
Less than 12 months, Gross unrealized losses	$ (895)	$ (110)
Less than 12 months, Number of securities in a continuous loss position | Securities	2,062	635
12 months or more, Fair value	$ 1,114	$ 308
12 months or more, Gross unrealized losses	$ (157)	$ (25)
12 months or more, Number of securities in a continuous loss position | Securities	140	35
Fair value	$ 16,071	$ 5,299
Gross unrealized losses	$ (1,052)	$ (135)
Number of securities in a continuous loss position | Securities	2,202	670
Investment grade
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 13,796	$ 4,644
Less than 12 months, Gross unrealized losses	$ (823)	$ (101)
Less than 12 months, Number of securities in a continuous loss position | Securities	1,896	587
12 months or more, Fair value	$ 1,031	$ 241
12 months or more, Gross unrealized losses	$ (140)	$ (12)
12 months or more, Number of securities in a continuous loss position | Securities	129	25
Fair value	$ 14,827	$ 4,885
Gross unrealized losses	$ (963)	$ (113)
Number of securities in a continuous loss position | Securities	2,025	612
Below investment grade
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 1,161	$ 347
Less than 12 months, Gross unrealized losses	$ (72)	$ (9)
Less than 12 months, Number of securities in a continuous loss position | Securities	166	48
12 months or more, Fair value	$ 83	$ 67
12 months or more, Gross unrealized losses	$ (17)	$ (13)
12 months or more, Number of securities in a continuous loss position | Securities	11	10
Fair value	$ 1,244	$ 414
Gross unrealized losses	$ (89)	$ (22)
Number of securities in a continuous loss position | Securities	177	58
Fixed maturity securities
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 14,957	$ 4,991
Less than 12 months, Gross unrealized losses	$ (895)	$ (110)
Less than 12 months, Number of securities in a continuous loss position | Securities	2,062	635
12 months or more, Fair value	$ 1,114	$ 308
12 months or more, Gross unrealized losses	$ (157)	$ (25)
12 months or more, Number of securities in a continuous loss position | Securities	140	35
Fair value	$ 16,071	$ 5,299
Gross unrealized losses	$ (1,052)	$ (135)
Number of securities in a continuous loss position | Securities	2,202	670
Fixed maturity securities | Less Than 20 Percent Below Cost
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 14,957	$ 4,991
Less than 12 months, Gross unrealized losses	$ (895)	$ (110)
Less than 12 months, Number of securities in a continuous loss position | Securities	2,062	635
12 months or more, Fair value	$ 1,066	$ 297
12 months or more, Gross unrealized losses	$ (142)	$ (20)
12 months or more, Number of securities in a continuous loss position | Securities	134	33
Fair value	$ 16,023	$ 5,288
Gross unrealized losses	$ (1,037)	$ (130)
Number of securities in a continuous loss position | Securities	2,196	668
Fixed maturity securities | 20 To 50 percent below cost
Schedule of Investments [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	$ 48	$ 11
12 months or more, Gross unrealized losses	$ (15)	$ (5)
12 months or more, Number of securities in a continuous loss position | Securities	6	2
Fair value	$ 48	$ 11
Gross unrealized losses	$ (15)	$ (5)
Number of securities in a continuous loss position | Securities	6	2
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 67
Less than 12 months, Gross unrealized losses	$ (2)
Less than 12 months, Number of securities in a continuous loss position | Securities	17
12 months or more, Fair value	$ 10
12 months or more, Gross unrealized losses	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	3
Fair value	$ 77
Gross unrealized losses	$ (3)
Number of securities in a continuous loss position | Securities	20
Fixed maturity securities | State and Political Subdivisions
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 902	$ 339
Less than 12 months, Gross unrealized losses	$ (78)	$ (6)
Less than 12 months, Number of securities in a continuous loss position | Securities	157	67
12 months or more, Fair value	$ 25	$ 0
12 months or more, Gross unrealized losses	$ (3)	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	5	0
Fair value	$ 927	$ 339
Gross unrealized losses	$ (81)	$ (6)
Number of securities in a continuous loss position | Securities	162	67
Fixed maturity securities | Non-U.S. government
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 305	$ 173
Less than 12 months, Gross unrealized losses	$ (27)	$ (9)
Less than 12 months, Number of securities in a continuous loss position | Securities	46	28
12 months or more, Fair value	$ 80	$ 19
12 months or more, Gross unrealized losses	$ (15)	$ (4)
12 months or more, Number of securities in a continuous loss position | Securities	10	1
Fair value	$ 385	$ 192
Gross unrealized losses	$ (42)	$ (13)
Number of securities in a continuous loss position | Securities	56	29
Fixed maturity securities | U.S. corporate
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 8,109	$ 2,593
Less than 12 months, Gross unrealized losses	$ (505)	$ (64)
Less than 12 months, Number of securities in a continuous loss position | Securities	995	266
12 months or more, Fair value	$ 627	$ 196
12 months or more, Gross unrealized losses	$ (91)	$ (15)
12 months or more, Number of securities in a continuous loss position | Securities	65	22
Fair value	$ 8,736	$ 2,789
Gross unrealized losses	$ (596)	$ (79)
Number of securities in a continuous loss position | Securities	1,060	288
Fixed maturity securities | Non-U.S. corporate
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 2,672	$ 912
Less than 12 months, Gross unrealized losses	$ (173)	$ (21)
Less than 12 months, Number of securities in a continuous loss position | Securities	355	124
12 months or more, Fair value	$ 258	$ 62
12 months or more, Gross unrealized losses	$ (39)	$ (5)
12 months or more, Number of securities in a continuous loss position | Securities	31	8
Fair value	$ 2,930	$ 974
Gross unrealized losses	$ (212)	$ (26)
Number of securities in a continuous loss position | Securities	386	132
Fixed maturity securities | Residential mortgage-backed
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 304	$ 97
Less than 12 months, Gross unrealized losses	$ (13)	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	78	22
12 months or more, Fair value	$ 5	$ 0
12 months or more, Gross unrealized losses	$ (1)	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	5	0
Fair value	$ 309	$ 97
Gross unrealized losses	$ (14)	$ (1)
Number of securities in a continuous loss position | Securities	83	22
Fixed maturity securities | Commercial mortgage-backed
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 1,098	$ 113
Less than 12 months, Gross unrealized losses	$ (40)	$ (2)
Less than 12 months, Number of securities in a continuous loss position | Securities	160	17
12 months or more, Fair value	$ 43	$ 31
12 months or more, Gross unrealized losses	$ (4)	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	6	4
Fair value	$ 1,141	$ 144
Gross unrealized losses	$ (44)	$ (3)
Number of securities in a continuous loss position | Securities	166	21
Fixed maturity securities | Other asset-backed
Schedule of Investments [Line Items]
Less than 12 months, Fair value	$ 1,500	$ 764
Less than 12 months, Gross unrealized losses	$ (57)	$ (7)
Less than 12 months, Number of securities in a continuous loss position | Securities	254	111
12 months or more, Fair value	$ 66	$ 0
12 months or more, Gross unrealized losses	$ (3)	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	15	0
Fair value	$ 1,566	$ 764
Gross unrealized losses	$ (60)	$ (7)
Number of securities in a continuous loss position | Securities	269	111

Gross Unrealized Losses and F_2

Gross Unrealized Losses and Fair Value of Corporate Securities Based on Industries (Detail) $ in Millions	Mar. 31, 2022USD ($)Securities	Dec. 31, 2021USD ($)Securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 14,957	$ 4,991
Less than 12 months, Gross unrealized losses	$ (895)	$ (110)
Less than 12 months, Number of securities in a continuous loss position | Securities	2,062	635
12 months or more, Fair value	$ 1,114	$ 308
12 months or more, Gross unrealized losses	$ (157)	$ (25)
12 months or more, Number of securities in a continuous loss position | Securities	140	35
Fair value	$ 16,071	$ 5,299
Gross unrealized losses	$ (1,052)	$ (135)
Number of securities in a continuous loss position | Securities	2,202	670
Fixed maturity securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 14,957	$ 4,991
Less than 12 months, Gross unrealized losses	$ (895)	$ (110)
Less than 12 months, Number of securities in a continuous loss position | Securities	2,062	635
12 months or more, Fair value	$ 1,114	$ 308
12 months or more, Gross unrealized losses	$ (157)	$ (25)
12 months or more, Number of securities in a continuous loss position | Securities	140	35
Fair value	$ 16,071	$ 5,299
Gross unrealized losses	$ (1,052)	$ (135)
Number of securities in a continuous loss position | Securities	2,202	670
Fixed maturity securities | U.S. corporate
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 8,109	$ 2,593
Less than 12 months, Gross unrealized losses	$ (505)	$ (64)
Less than 12 months, Number of securities in a continuous loss position | Securities	995	266
12 months or more, Fair value	$ 627	$ 196
12 months or more, Gross unrealized losses	$ (91)	$ (15)
12 months or more, Number of securities in a continuous loss position | Securities	65	22
Fair value	$ 8,736	$ 2,789
Gross unrealized losses	$ (596)	$ (79)
Number of securities in a continuous loss position | Securities	1,060	288
Fixed maturity securities | U.S. corporate | Utilities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 1,089	$ 211
Less than 12 months, Gross unrealized losses	$ (56)	$ (7)
Less than 12 months, Number of securities in a continuous loss position | Securities	142	32
12 months or more, Fair value	$ 59	$ 29
12 months or more, Gross unrealized losses	$ (10)	$ (2)
12 months or more, Number of securities in a continuous loss position | Securities	13	7
Fair value	$ 1,148	$ 240
Gross unrealized losses	$ (66)	$ (9)
Number of securities in a continuous loss position | Securities	155	39
Fixed maturity securities | U.S. corporate | Energy
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 740	$ 166
Less than 12 months, Gross unrealized losses	$ (40)	$ (3)
Less than 12 months, Number of securities in a continuous loss position | Securities	87	18
12 months or more, Fair value	$ 63	$ 25
12 months or more, Gross unrealized losses	$ (8)	$ (7)
12 months or more, Number of securities in a continuous loss position | Securities	7	4
Fair value	$ 803	$ 191
Gross unrealized losses	$ (48)	$ (10)
Number of securities in a continuous loss position | Securities	94	22
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	$ 2,529	$ 960
Less than 12 months, Gross unrealized losses	$ (173)	$ (22)
Less than 12 months, Number of securities in a continuous loss position | Securities	293	89
12 months or more, Fair value	$ 203	$ 62
12 months or more, Gross unrealized losses	$ (30)	$ (2)
12 months or more, Number of securities in a continuous loss position | Securities	17	3
Fair value	$ 2,732	$ 1,022
Gross unrealized losses	$ (203)	$ (24)
Number of securities in a continuous loss position | Securities	310	92
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	$ 916	$ 296
Less than 12 months, Gross unrealized losses	$ (56)	$ (7)
Less than 12 months, Number of securities in a continuous loss position | Securities	109	30
12 months or more, Fair value	$ 86	$ 14
12 months or more, Gross unrealized losses	$ (14)	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	7	2
Fair value	$ 1,002	$ 310
Gross unrealized losses	$ (70)	$ (8)
Number of securities in a continuous loss position | Securities	116	32
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	$ 1,094	$ 378
Less than 12 months, Gross unrealized losses	$ (73)	$ (12)
Less than 12 months, Number of securities in a continuous loss position | Securities	147	37
12 months or more, Fair value	$ 93	$ 29
12 months or more, Gross unrealized losses	$ (14)	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	8	2
Fair value	$ 1,187	$ 407
Gross unrealized losses	$ (87)	$ (13)
Number of securities in a continuous loss position | Securities	155	39
Fixed maturity securities | U.S. corporate | Industrial
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 361	$ 143
Less than 12 months, Gross unrealized losses	$ (26)	$ (3)
Less than 12 months, Number of securities in a continuous loss position | Securities	46	18
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	$ 361	$ 143
Gross unrealized losses	$ (26)	$ (3)
Number of securities in a continuous loss position | Securities	46	18
Fixed maturity securities | U.S. corporate | Capital goods
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 553	$ 171
Less than 12 months, Gross unrealized losses	$ (35)	$ (3)
Less than 12 months, Number of securities in a continuous loss position | Securities	65	16
12 months or more, Fair value	$ 27	$ 18
12 months or more, Gross unrealized losses	$ (4)	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	4	2
Fair value	$ 580	$ 189
Gross unrealized losses	$ (39)	$ (4)
Number of securities in a continuous loss position | Securities	69	18
Fixed maturity securities | U.S. corporate | Consumer-cyclical
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 507	$ 268
Less than 12 months, Gross unrealized losses	$ (34)	$ (7)
Less than 12 months, Number of securities in a continuous loss position | Securities	65	26
12 months or more, Fair value	$ 78	$ 0
12 months or more, Gross unrealized losses	$ (10)	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	7	0
Fair value	$ 585	$ 268
Gross unrealized losses	$ (44)	$ (7)
Number of securities in a continuous loss position | Securities	72	26
Fixed maturity securities | U.S. corporate | Transportation
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 247
Less than 12 months, Gross unrealized losses	$ (9)
Less than 12 months, Number of securities in a continuous loss position | Securities	32
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	$ 247
Gross unrealized losses	$ (9)
Number of securities in a continuous loss position | Securities	32
Fixed maturity securities | U.S. corporate | Other
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 73	$ 0
Less than 12 months, Gross unrealized losses	$ (3)	$ 0
Less than 12 months, Number of securities in a continuous loss position | Securities	9	0
12 months or more, Fair value	$ 18	$ 19
12 months or more, Gross unrealized losses	$ (1)	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	2	2
Fair value	$ 91	$ 19
Gross unrealized losses	$ (4)	$ (1)
Number of securities in a continuous loss position | Securities	11	2
Fixed maturity securities | Non-U.S. corporate
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 2,672	$ 912
Less than 12 months, Gross unrealized losses	$ (173)	$ (21)
Less than 12 months, Number of securities in a continuous loss position | Securities	355	124
12 months or more, Fair value	$ 258	$ 62
12 months or more, Gross unrealized losses	$ (39)	$ (5)
12 months or more, Number of securities in a continuous loss position | Securities	31	8
Fair value	$ 2,930	$ 974
Gross unrealized losses	$ (212)	$ (26)
Number of securities in a continuous loss position | Securities	386	132
Fixed maturity securities | Non-U.S. corporate | Utilities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 272	$ 69
Less than 12 months, Gross unrealized losses	$ (13)	$ (2)
Less than 12 months, Number of securities in a continuous loss position | Securities	28	9
12 months or more, Fair value	$ 12	$ 0
12 months or more, Gross unrealized losses	$ (2)	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	1	0
Fair value	$ 284	$ 69
Gross unrealized losses	$ (15)	$ (2)
Number of securities in a continuous loss position | Securities	29	9
Fixed maturity securities | Non-U.S. corporate | Energy
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 291	$ 64
Less than 12 months, Gross unrealized losses	$ (18)	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	27	10
12 months or more, Fair value	$ 4	$ 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	$ 295	$ 64
Gross unrealized losses	$ (19)	$ (1)
Number of securities in a continuous loss position | Securities	28	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	$ 685	$ 366
Less than 12 months, Gross unrealized losses	$ (47)	$ (8)
Less than 12 months, Number of securities in a continuous loss position | Securities	96	43
12 months or more, Fair value	$ 157	$ 18
12 months or more, Gross unrealized losses	$ (23)	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	16	2
Fair value	$ 842	$ 384
Gross unrealized losses	$ (70)	$ (9)
Number of securities in a continuous loss position | Securities	112	45
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	$ 253	$ 67
Less than 12 months, Gross unrealized losses	$ (21)	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	32	12
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	$ 259	$ 73
Gross unrealized losses	$ (22)	$ (2)
Number of securities in a continuous loss position | Securities	33	13
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	$ 269	$ 48
Less than 12 months, Gross unrealized losses	$ (17)	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	41	8
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	$ 269	$ 48
Gross unrealized losses	$ (17)	$ (1)
Number of securities in a continuous loss position | Securities	41	8
Fixed maturity securities | Non-U.S. corporate | Industrial
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 274	$ 122
Less than 12 months, Gross unrealized losses	$ (19)	$ (3)
Less than 12 months, Number of securities in a continuous loss position | Securities	35	14
12 months or more, Fair value	$ 18	$ 0
12 months or more, Gross unrealized losses	$ (2)	$ 0
12 months or more, Number of securities in a continuous loss position | Securities	2	0
Fair value	$ 292	$ 122
Gross unrealized losses	$ (21)	$ (3)
Number of securities in a continuous loss position | Securities	37	14
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	$ 231	$ 78
Less than 12 months, Gross unrealized losses	$ (16)	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	30	8
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	$ 231	$ 78
Gross unrealized losses	$ (16)	$ (1)
Number of securities in a continuous loss position | Securities	30	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	$ 128	$ 22
Less than 12 months, Gross unrealized losses	$ (7)	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	25	8
12 months or more, Fair value	$ 20	$ 15
12 months or more, Gross unrealized losses	$ (2)	$ (1)
12 months or more, Number of securities in a continuous loss position | Securities	4	3
Fair value	$ 148	$ 37
Gross unrealized losses	$ (9)	$ (2)
Number of securities in a continuous loss position | Securities	29	11
Fixed maturity securities | Non-U.S. corporate | Transportation
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 125	$ 37
Less than 12 months, Gross unrealized losses	$ (7)	$ (1)
Less than 12 months, Number of securities in a continuous loss position | Securities	19	7
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	$ 125	$ 37
Gross unrealized losses	$ (7)	$ (1)
Number of securities in a continuous loss position | Securities	19	7
Fixed maturity securities | Non-U.S. corporate | Other
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 144	$ 39
Less than 12 months, Gross unrealized losses	$ (8)	$ (2)
Less than 12 months, Number of securities in a continuous loss position | Securities	22	5
12 months or more, Fair value	$ 41	$ 23
12 months or more, Gross unrealized losses	$ (8)	$ (2)
12 months or more, Number of securities in a continuous loss position | Securities	6	2
Fair value	$ 185	$ 62
Gross unrealized losses	$ (16)	$ (4)
Number of securities in a continuous loss position | Securities	28	7
Fixed maturity securities | Corporate Debt Securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than 12 months, Fair value	$ 10,781	$ 3,505
Less than 12 months, Gross unrealized losses	$ (678)	$ (85)
Less than 12 months, Number of securities in a continuous loss position | Securities	1,350	390
12 months or more, Fair value	$ 885	$ 258
12 months or more, Gross unrealized losses	$ (130)	$ (20)
12 months or more, Number of securities in a continuous loss position | Securities	96	30
Fair value	$ 11,666	$ 3,763
Gross unrealized losses	$ (808)	$ (105)
Number of securities in a continuous loss position | Securities	1,446	420

Scheduled Maturity Distribution

Scheduled Maturity Distribution of Fixed Maturity Securities (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Amortized cost or cost
Due one year or less	$ 1,407
Due after one year through five years	8,339
Due after five years through ten years	13,771
Due after ten years	23,009
Subtotal	46,526
Amortized cost or cost, fixed maturity securities	52,280	$ 52,611
Fair value
Due one year or less	1,420
Due after one year through five years	8,501
Due after five years through ten years	13,943
Due after ten years	25,427
Subtotal	49,291
Fair value, fixed maturity securities	55,027	$ 60,480
Residential mortgage-backed
Amortized cost or cost
Fixed maturity securities	1,277
Fair value
Fixed maturity securities	1,320
Commercial mortgage-backed
Amortized cost or cost
Fixed maturity securities	2,369
Fair value
Fixed maturity securities	2,361
Other asset-backed
Amortized cost or cost
Fixed maturity securities	2,108
Fair value
Fixed maturity securities	$ 2,055

Distribution Across Property Ty

Distribution Across Property Type and Geographic Region for Commercial Mortgage Loans (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 6,938	$ 6,856
% of total	100.00%	100.00%
Allowance for credit losses	$ (25)	$ (26)
Commercial mortgage loans, net	6,913	6,830
Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 6,938	$ 6,856
% of total	100.00%	100.00%
Allowance for credit losses	$ (25)	$ (26)
Commercial mortgage loans, net	6,913	6,830
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	$ 1,806	$ 1,770
% of total	26.00%	26.00%
Pacific | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,357	$ 1,360
% of total	20.00%	20.00%
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	$ 964	$ 964
% of total	14.00%	14.00%
Mountain | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 932	$ 892
% of total	13.00%	13.00%
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	$ 461
% 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	$ 464	$ 465
% of total	7.00%	7.00%
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	$ 493	$ 483
% of total	7.00%	7.00%
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	$ 235	$ 237
% of total	3.00%	3.00%
East South Central | Commercial Mortgage Loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 221	$ 224
% 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	$ 2,837	$ 2,774
% of total	41.00%	40.00%
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,461	$ 1,420
% of total	21.00%	21.00%
Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,527	$ 1,526
% of total	22.00%	22.00%
Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 577	$ 585
% of total	8.00%	9.00%
Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 327	$ 330
% of total	5.00%	5.00%
Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 209	$ 221
% of total	3.00%	3.00%

Allowance for Credit Losses and

Allowance for Credit Losses and Recorded Investment in Commercial Mortgage Loans (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 26
Ending balance	25		$ 26
Allowance for Credit Losses
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	26	$ 31	31
Provision	(1)	1
Write-offs	0	0
Recoveries	0	0
Ending balance	$ 25	$ 32	$ 26

Commercial Mortgage Loans By Ye

Commercial Mortgage Loans By Year of Origination and Credit Quality Indicator (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	$ 6,938	$ 6,856
Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	6,938	6,856
0% - 50%
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	2,452	2,480
0% - 50% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	2,452
51% - 60%
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	1,494	1,539
51% - 60% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	1,494
61% - 75%
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	2,970	2,815
61% - 75% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	2,970
76% - 100%
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0	0
76% - 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
Greater than 100%
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	22	22
Greater than 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	22
Less than 1.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	220	223
1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	549	559
1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	804	791
1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	3,071	2,958
Greater than 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	2,294	$ 2,325
2022 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	197
2022 | 0% - 50% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2022 | 51% - 60% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2022 | 61% - 75% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	197
2022 | 76% - 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2022 | Greater than 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2022 | Less than 1.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2022 | 1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	13
2022 | 1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	20
2022 | 1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	148
2022 | Greater than 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	16
2021 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	947
2021 | 0% - 50% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	23
2021 | 51% - 60% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	40
2021 | 61% - 75% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	884
2021 | 76% - 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2021 | Greater than 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2021 | Less than 1.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2021 | 1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	2
2021 | 1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	118
2021 | 1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	724
2021 | Greater than 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	103
2020 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	522
2020 | 0% - 50% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	72
2020 | 51% - 60% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	30
2020 | 61% - 75% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	420
2020 | 76% - 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2020 | Greater than 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2020 | Less than 1.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	10
2020 | 1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	69
2020 | 1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	32
2020 | 1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	219
2020 | Greater than 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	192
2019 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	726
2019 | 0% - 50% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	60
2019 | 51% - 60% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	161
2019 | 61% - 75% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	505
2019 | 76% - 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2019 | Greater than 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2019 | Less than 1.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	19
2019 | 1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	73
2019 | 1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	167
2019 | 1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	269
2019 | Greater than 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	198
2018 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	871
2018 | 0% - 50% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	161
2018 | 51% - 60% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	272
2018 | 61% - 75% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	438
2018 | 76% - 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2018 | Greater than 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2018 | Less than 1.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	41
2018 | 1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	75
2018 | 1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	134
2018 | 1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	441
2018 | Greater than 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	180
2017 and prior | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	3,675
2017 and prior | 0% - 50% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	2,136
2017 and prior | 51% - 60% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	991
2017 and prior | 61% - 75% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	526
2017 and prior | 76% - 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	0
2017 and prior | Greater than 100% | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	22
2017 and prior | Less than 1.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	150
2017 and prior | 1.00 - 1.25 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	317
2017 and prior | 1.26 - 1.50 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	333
2017 and prior | 1.51 - 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	1,270
2017 and prior | Greater than 2.00 | Fixed Rate Commercial Mortgage Loans
Disclosure Of Commercial Mortgage Loans By Year Of Origination And Credit Quality Indicator [Line Items]
Commercial mortgage loans, amortized cost	$ 1,605

Debt-to-Value of Commercial Mor

Debt-to-Value of Commercial Mortgage Loans by Property Type (Detail) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 6,938	$ 6,856
Commercial mortgage loans, amortized cost	$ 6,938	$ 6,856
% of total	100.00%	100.00%
Weighted-average debt service coverage ratio	1.92	1.93
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 2,837	$ 2,774
% of total	41.00%	40.00%
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,461	$ 1,420
% of total	21.00%	21.00%
Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,527	$ 1,526
% of total	22.00%	22.00%
Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 577	$ 585
% of total	8.00%	9.00%
Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 327	$ 330
% of total	5.00%	5.00%
Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 209	$ 221
% of total	3.00%	3.00%
0% - 50%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 2,452	$ 2,480
% of total	35.00%	36.00%
Weighted-average debt service coverage ratio	2.35	2.36
0% - 50% | Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 849	$ 853
0% - 50% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	738	745
0% - 50% | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	492	505
0% - 50% | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	196	200
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	121	120
0% - 50% | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	56	57
51% - 60%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,494	$ 1,539
% of total	22.00%	23.00%
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	$ 594	$ 611
51% - 60% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	233	240
51% - 60% | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	387	395
51% - 60% | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	99	102
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	67	70
51% - 60% | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	114	121
61% - 75%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 2,970	$ 2,815
% of total	43.00%	41.00%
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	$ 1,394	$ 1,310
61% - 75% | Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	490	435
61% - 75% | Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	626	604
61% - 75% | Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	282	283
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	139	140
61% - 75% | Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	39	43
76% - 100%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 0	$ 0
% of total	0.00%	0.00%
Weighted-average debt service coverage ratio	0	0
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	$ 0
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	0
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	0
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	0
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	0
Greater than 100%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 22	$ 22
% of total	0.00%	0.00%
Weighted-average debt service coverage ratio	0	0.68
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	$ 0
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	22	22
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	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 6,938	$ 6,856
% 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, amortized cost	$ 6,938	$ 6,856
% of total	100.00%	100.00%
Weighted-average debt-to-value	55.00%	55.00%
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 2,837	$ 2,774
% of total	41.00%	40.00%
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, amortized cost	$ 2,837	$ 2,774
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,461	$ 1,420
% of total	21.00%	21.00%
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, amortized cost	$ 1,461	$ 1,420
Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 1,527	$ 1,526
% of total	22.00%	22.00%
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, amortized cost	$ 1,527	$ 1,526
Apartments
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 577	$ 585
% of total	8.00%	9.00%
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, amortized cost	$ 577	$ 585
Mixed Use
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 327	$ 330
% of total	5.00%	5.00%
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, amortized cost	$ 327	$ 330
Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 209	$ 221
% of total	3.00%	3.00%
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, amortized cost	$ 209	$ 221
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, amortized cost	$ 220	$ 223
% of total	3.00%	3.00%
Weighted-average debt-to-value	68.00%	68.00%
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, amortized cost	$ 100	$ 102
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, amortized cost	8	9
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, amortized cost	67	67
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, amortized cost	17	17
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, amortized cost	23	24
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, amortized cost	5	4
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, amortized cost	$ 549	$ 559
% of total	8.00%	8.00%
Weighted-average debt-to-value	60.00%	61.00%
1.00 - 1.25 | Retail | Fixed Rate Commercial Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Commercial mortgage loans, amortized cost	$ 157	$ 166
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, amortized cost	77	64
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, amortized cost	108	109
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, amortized cost	62	62
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, amortized cost	31	32
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, amortized cost	114	126
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, amortized cost	$ 804	$ 791
% of total	12.00%	12.00%
Weighted-average debt-to-value	62.00%	61.00%
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, amortized cost	$ 426	$ 405
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, amortized cost	80	82
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, amortized cost	165	167
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, amortized cost	77	84
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, amortized cost	40	40
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, amortized cost	16	13
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, amortized cost	$ 3,071	$ 2,958
% of total	44.00%	43.00%
Weighted-average debt-to-value	60.00%	60.00%
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, amortized cost	$ 1,441	$ 1,375
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, amortized cost	629	599
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, amortized cost	609	593
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, amortized cost	230	225
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, amortized cost	118	118
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, amortized cost	44	48
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, amortized cost	$ 2,294	$ 2,325
% of total	33.00%	34.00%
Weighted-average debt-to-value	44.00%	43.00%
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, amortized cost	$ 713	$ 726
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, amortized cost	667	666
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, amortized cost	578	590
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, amortized cost	191	197
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, amortized cost	115	116
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, amortized cost	$ 30	$ 30

Schedule of Positions in Deriva

Schedule of Positions in Derivative Instruments (Detail) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Derivative assets, fair value		$ 214	$ 433
Derivative liabilities, fair value		602	616
Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value		525	590
Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		77	26
Other invested assets
Derivative [Line Items]
Derivative assets, fair value		197	414
Interest rate swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		76	26
Interest rate swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		162	364
Foreign currency swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		1
Foreign currency swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		5	6
Equity index options | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		30	42
Other foreign currency contracts | Other invested assets
Derivative [Line Items]
Derivative assets, fair value			2
GMWB embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[1]	243	271
GMWB embedded derivatives | Reinsurance recoverable
Derivative [Line Items]
Derivative assets, fair value	[2]	17	19
Fixed index annuity embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value		261	294
Indexed universal life embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value		21	25
Designated As Hedging Instrument
Derivative [Line Items]
Derivative assets, fair value		167	370
Derivative liabilities, fair value		77	26
Designated As Hedging Instrument | Cash Flow Hedges
Derivative [Line Items]
Derivative assets, fair value		167	370
Derivative liabilities, fair value		77	26
Designated As Hedging Instrument | Cash Flow Hedges | Interest rate swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		76	26
Designated As Hedging Instrument | Cash Flow Hedges | Interest rate swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		162	364
Designated As Hedging Instrument | Cash Flow Hedges | Foreign currency swaps | Other liabilities
Derivative [Line Items]
Derivative liabilities, fair value		1	0
Designated As Hedging Instrument | Cash Flow Hedges | Foreign currency swaps | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		5	6
Derivatives not designated as hedges
Derivative [Line Items]
Derivative assets, fair value		47	63
Derivative liabilities, fair value		525	590
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		30	42
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	0
Derivatives not designated as hedges | Other foreign currency contracts | Other invested assets
Derivative [Line Items]
Derivative assets, fair value		0	2
Derivatives not designated as hedges | GMWB embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[3]	243	271
Derivatives not designated as hedges | GMWB embedded derivatives | Reinsurance recoverable
Derivative [Line Items]
Derivative assets, fair value	[4]	17	19
Derivatives not designated as hedges | Fixed index annuity embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[5]	261	294
Derivatives not designated as hedges | Fixed index annuity embedded derivatives | Other assets
Derivative [Line Items]
Derivative assets, fair value		0	0
Derivatives not designated as hedges | Indexed universal life embedded derivatives | Policyholder account balances
Derivative [Line Items]
Derivative liabilities, fair value	[6]	21	25
Derivatives not designated as hedges | Indexed universal life embedded derivatives | Reinsurance recoverable
Derivative [Line Items]
Derivative assets, fair value		$ 0	$ 0
[1]	Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
[2]	Represents embedded derivatives associated with the reinsured portion of our GMWB liabilities.
[3]	Represents the embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
[4]	Represents embedded derivatives associated with the reinsured portion of our guaranteed minimum withdrawal benefits (“GMWB”) liabilities.
[5]	Represents the embedded derivatives associated with our fixed index annuity liabilities.
[6]	Represents the embedded derivatives associated with our indexed universal life liabilities.

Activity Associated with Deriva

Activity Associated with Derivative Instruments (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)Policies
Derivative [Line Items]
Notional amount, beginning balance	$ 10,255
Additions	1,294
Maturities/ terminations	(1,527)
Notional amount, ending balance	10,022
Designated As Hedging Instrument
Derivative [Line Items]
Notional amount, beginning balance	7,780
Additions	0
Maturities/ terminations	(58)
Notional amount, ending balance	7,722
Designated As Hedging Instrument | Cash Flow Hedges
Derivative [Line Items]
Notional amount, beginning balance	7,780
Additions	0
Maturities/ terminations	(58)
Notional amount, ending balance	7,722
Designated As Hedging Instrument | Cash Flow Hedges | Interest rate swaps
Derivative [Line Items]
Notional amount, beginning balance	7,653
Additions	0
Maturities/ terminations	(58)
Notional amount, ending balance	7,595
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	2,475
Additions	1,294
Maturities/ terminations	(1,469)
Notional amount, ending balance	2,300
Derivatives not designated as hedges | Equity index options
Derivative [Line Items]
Notional amount, beginning balance	1,446
Additions	300
Maturities/ terminations	(368)
Notional amount, ending balance	1,378
Derivatives not designated as hedges | Financial futures
Derivative [Line Items]
Notional amount, beginning balance	946
Additions	994
Maturities/ terminations	(1,042)
Notional amount, ending balance	898
Derivatives not designated as hedges | Other foreign currency contracts
Derivative [Line Items]
Notional amount, beginning balance	83
Additions	0
Maturities/ terminations	(59)
Notional amount, ending balance	$ 24
Derivatives not designated as hedges | GMWB embedded derivatives
Derivative [Line Items]
Notional amount, beginning balance | Policies	21,804
Additions | Policies	0
Maturities/ terminations | Policies	(477)
Notional amount, ending balance | Policies	21,327
Derivatives not designated as hedges | Fixed index annuity embedded derivatives
Derivative [Line Items]
Notional amount, beginning balance | Policies	9,344
Additions | Policies	0
Maturities/ terminations | Policies	(568)
Notional amount, ending balance | Policies	8,776
Derivatives not designated as hedges | Indexed universal life embedded derivatives
Derivative [Line Items]
Notional amount, beginning balance | Policies	806
Additions | Policies	0
Maturities/ terminations | Policies	(7)
Notional amount, ending balance | Policies	799

Schedule of Pre-Tax Income (Los

Schedule of Pre-Tax Income (Loss) Effects of Cash Flow Hedges (Detail) - Cash Flow Hedges - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	$ (252)	$ (487)
Gain (loss) reclassified into net income from OCI	57	52
Gain (loss) recognized in net income (loss)	0	0
Interest Rate Swaps Hedging Assets | Net Investment Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	(250)	(529)
Gain (loss) reclassified into net income from OCI	55	52
Interest Rate Swaps Hedging Assets | Net Investment Gains (Losses)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	0	44
Gain (loss) reclassified into net income from OCI	2	0
Gain (loss) recognized in net income (loss)	0	0
Interest Rate Swaps Hedging Liabilities | Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	0
Gain (loss) reclassified into net income from OCI	(1)
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
Foreign currency swaps | Net Investment Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI	(2)	(2)
Gain (loss) reclassified into net income from OCI	1	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

Reconciliation of Current Perio

Reconciliation of Current Period Changes, Net of Applicable Income Taxes, for Derivatives Qualifying as Hedges (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments [Abstract]
Derivatives qualifying as effective accounting hedges, beginning of period	$ 2,025	$ 2,211
Current period increases (decreases) in fair value, net of deferred taxes	(199)	(385)
Reclassification to net (income) loss, net of deferred taxes	(37)	(34)
Derivatives qualifying as effective accounting hedges, end of period	$ 1,789	$ 1,792

Reconciliation of Current Per_2

Reconciliation of Current Period Changes, Net of Applicable Income Taxes, for Derivatives Qualifying as Hedges (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Current period increases (decreases) in fair value, deferred taxes	$ 53	$ 102
Reclassification to net (income), deferred taxes	$ 20	$ 18

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Derivatives designated as cash flow hedges gain (loss), amount expected to be reclassified to future net income (loss), net of tax	$ 1,789	$ 1,792	$ 2,025	$ 2,211
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	$ 143
Amount reclassified to net income (loss) in connection with forecasted transactions that were no longer considered probable of occurring	$ 3	$ 2

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
	Mar. 31, 2022	Mar. 31, 2021
Derivative [Line Items]
Pre-tax gain (loss) recognized in net income	$ 2	$ 8
Interest rate swaps | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net income	0	4
Equity index options | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net income	(6)	3
Financial futures | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net income	(47)	(110)
GMWB embedded derivatives | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net income	32	105
Fixed index annuity embedded derivatives | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net income	12	(4)
Indexed universal life embedded derivatives | Net Investment Gains (Losses)
Derivative [Line Items]
Pre-tax gain (loss) recognized in net income	$ 11	$ 10

Additional Information about De

Additional Information about Derivative Assets and Liabilities Subject to Enforceable Master Netting Arrangement (Detail) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Gross amounts recognized, derivatives assets		$ 214	$ 433
Gross amounts recognized, derivatives liabilities		602	616
Subject to enforceable master netting arrangement
Derivative [Line Items]
Gross amounts recognized, net derivatives		121	388
Gross amounts offset in the balance sheet, net derivatives		0	0
Net amounts presented in the balance sheet, net derivatives		121	388
Gross amounts not offset in the balance sheet, financial instruments, net derivatives	[1]	0	0
Collateral received		(110)	(308)
Collateral pledged		567	536
Over collateralization, net derivatives		(526)	(528)
Net amount		52	88
Subject to enforceable master netting arrangement | Derivative assets
Derivative [Line Items]
Gross amounts recognized, derivatives assets	[2]	198	414
Gross amounts offset in the balance sheet, derivatives assets	[2]	0	0
Net amounts presented in the balance sheet, derivatives assets	[2]	198	414
Gross amounts not offset in the balance sheet, financial instruments, derivatives assets	[1],[2]	(49)	(20)
Collateral received	[2]	(110)	(308)
Collateral pledged	[2]	0	0
Over collateralization, derivatives assets	[2]	13	2
Net amount, derivatives assets	[2]	52	88
Subject to enforceable master netting arrangement | Derivative liabilities
Derivative [Line Items]
Gross amounts recognized, derivatives liabilities	[2]	77	26
Gross amounts offset in the balance sheet, derivatives liabilities	[2]	0	0
Net amounts presented in the balance sheet, derivatives liabilities	[2]	77	26
Gross amounts not offset in the balance sheet, financial instruments, derivative liabilities	[1],[2]	(49)	(20)
Collateral received	[2]	0	0
Collateral pledged	[2]	(567)	(536)
Over collateralization, derivatives liabilities	[2]	539	530
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]	Included $1 million of accruals on derivatives classified as other assets as of March 31, 2022 and does not include amounts related to embedded derivatives as of March 31, 2022 and December 31, 2021.

Additional Information about _2

Additional Information about Derivative Assets and Liabilities Subject to Enforceable Master Netting Arrangement (Parenthetical) (Detail) $ in Millions	Mar. 31, 2022USD ($)
Other assets | Derivative assets
Derivative [Line Items]
Net amounts presented in the balance sheet, accruals on derivative assets	$ 1

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 55,027	$ 60,480
GMWB non-performance risk impact	$ 42	49
Period end valuation	0
Fixed maturity securities
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 55,027	60,480
Fixed maturity securities | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	31,823	34,924
Fixed maturity securities | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	9,453	10,535
Level 2
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	51,498	56,672
Level 2 | Fixed maturity securities | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	29,554	32,543
Level 2 | Fixed maturity securities | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 8,413	9,373
Level 2 | Fixed maturity securities | Third-Party Pricing Services
Fair Value of Financial Instruments [Line Items]
Percentage of available for sale debt securities	89.00%
Level 2 | Fixed maturity securities | Third-Party Pricing Services | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 27,876
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	7,414
Level 2 | Fixed maturity securities | Internal models | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	1,678
Level 2 | Fixed maturity securities | Internal models | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	999
Level 3
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	3,529	3,808
Level 3 | Fixed maturity securities | U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	2,269	2,381
Level 3 | Fixed maturity securities | Non-U.S. corporate
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	1,040	$ 1,162
Level 3 | Fixed maturity securities | Internal models
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	3,260
Level 3 | Fixed maturity securities | Broker Quotes
Fair Value of Financial Instruments [Line Items]
Available-for-sale debt securities	$ 269
Fair Value Measured at Net Asset Value Per Share | Limited Partnerships | Maximum
Fair Value of Financial Instruments [Line Items]
Liquidation period	10 years
Contractual period	12 years
Fair Value Measured at Net Asset Value Per Share | Limited Partnerships | Minimum
Fair Value of Financial Instruments [Line Items]
Liquidation period	5 years
Contractual period	10 years

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Summary of Significant Inputs Used by Third-Party Pricing Services for Certain Fair Value Measurements of Fixed Maturity Securities that Classified as Level 2 (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	$ 55,027	$ 60,480
Fixed maturity securities
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	55,027	60,480
Fixed maturity securities | U.S. government, agencies and government-sponsored enterprises
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	4,097	4,552
Fixed maturity securities | State and Political Subdivisions
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	3,134	3,450
Fixed maturity securities | Non-U.S. government
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	784	835
Fixed maturity securities | U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	31,823	34,924
Fixed maturity securities | Non-U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	9,453	10,535
Fixed maturity securities | Residential mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	1,320	1,440
Fixed maturity securities | Commercial mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,361	2,584
Fixed maturity securities | Other asset-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,055	2,160
Level 2
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	51,498	56,672
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	4,097	4,552
Level 2 | Fixed maturity securities | State and Political Subdivisions
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	3,063	3,368
Level 2 | Fixed maturity securities | Non-U.S. government
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	783	833
Level 2 | Fixed maturity securities | U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	29,554	32,543
Level 2 | Fixed maturity securities | Non-U.S. corporate
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	8,413	9,373
Level 2 | Fixed maturity securities | Residential mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	1,287	1,413
Level 2 | Fixed maturity securities | Commercial mortgage-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	2,346	2,568
Level 2 | Fixed maturity securities | Other asset-backed
Fair value measurements Significant unobservable inputs [Line Items]
Available-for-sale debt securities	1,955	$ 2,022
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	$ 4,097
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	$ 3,063
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	$ 783
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	$ 27,876
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	$ 7,414
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	$ 1,287
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	$ 2,346
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	$ 1,955
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		Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		$ 55,027	$ 60,480
Available-for-sale equity securities		230	198
Derivative assets, fair value		214	433
Limited partnerships		2,007	1,900
Total other invested assets		671	820
Separate account assets		5,530	6,066
Total assets		62,635	68,665
Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	[1]	0	0
Available-for-sale equity securities	[1]	0	0
Separate account assets	[1]	0	0
Total assets	[1]	1,532	1,436
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		197	414
Short-term investments		76	26
Total other invested assets		273	440
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
Short-term investments	[1]	0	0
Total other invested assets	[1]	0	0
Interest rate swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		162	364
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		5	6
Foreign currency swaps | Other invested assets | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value	[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		30	42
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			2
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
GMWB embedded derivatives | Reinsurance recoverable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value	[2]	17	19
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
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		55,027	60,480
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		4,097	4,552
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		3,134	3,450
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		784	835
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		31,823	34,924
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		4,634	5,104
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		2,699	2,934
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		8,229	8,991
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		5,488	6,159
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		3,497	3,808
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		1,348	1,494
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		2,512	2,745
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		1,767	1,899
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		1,248	1,371
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		401	419
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		9,453	10,535
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		878	928
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		1,241	1,383
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		2,191	2,432
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		671	743
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		1,099	1,250
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		953	1,047
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		619	705
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		312	341
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		423	489
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		1,066	1,217
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		1,320	1,440
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		2,361	2,584
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		2,055	2,160
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
Limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Limited partnerships		1,558	1,462
Limited partnerships | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Limited partnerships	[1]	1,532	1,436
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		137	101
Separate account assets		5,530	6,066
Total assets		5,667	6,167
Level 1 | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	0
Short-term investments		0	0
Total other invested assets		0	0
Level 1 | Interest rate swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	0
Level 1 | Foreign currency swaps | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	0
Level 1 | Equity index options | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	0
Level 1 | Other foreign currency contracts | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value			0
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
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 1 | Limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Limited partnerships		0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		51,498	56,672
Available-for-sale equity securities		57	60
Separate account assets		0	0
Total assets		51,798	57,130
Level 2 | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		167	372
Short-term investments		76	26
Total other invested assets		243	398
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		162	364
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		5	6
Level 2 | Equity index options | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		0	0
Level 2 | Other foreign currency contracts | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value			2
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
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		4,097	4,552
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		3,063	3,368
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		783	833
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		29,554	32,543
Level 2 | Fixed maturity securities | U.S. corporate | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		3,722	4,154
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		2,627	2,858
Level 2 | Fixed maturity securities | U.S. corporate | Finance and insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		7,553	8,306
Level 2 | Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		5,396	6,055
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		3,469	3,779
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		1,313	1,457
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		2,471	2,700
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		1,640	1,762
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		1,184	1,307
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		179	165
Level 2 | Fixed maturity securities | Non-U.S. corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		8,413	9,373
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		544	583
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		1,103	1,238
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		2,048	2,272
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		611	680
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		1,072	1,222
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		879	954
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		487	532
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		226	265
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		401	436
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		1,042	1,191
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		1,287	1,413
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		2,346	2,568
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		1,955	2,022
Level 2 | Limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Limited partnerships		0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		3,529	3,808
Available-for-sale equity securities		36	37
Separate account assets		0	0
Total assets		3,638	3,932
Level 3 | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, fair value		30	42
Short-term investments		0	0
Total other invested assets		30	42
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		30	42
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
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]	17	19
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		71	82
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		1	2
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		2,269	2,381
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		912	950
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		72	76
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		676	685
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		92	104
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		28	29
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		35	37
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		41	45
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		127	137
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		64	64
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		222	254
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		1,040	1,162
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		334	345
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		138	145
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		143	160
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		60	63
Level 3 | Fixed maturity securities | Non-U.S. corporate | Technology and communications
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		27	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		74	93
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		132	173
Level 3 | Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		86	76
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		22	53
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		24	26
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		33	27
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		15	16
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		100	138
Level 3 | Limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Limited partnerships		$ 26	$ 26
[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
		Mar. 31, 2022	Mar. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		$ 3,932	$ 4,246
Total realized and unrealized gains (losses), Included in net income		(6)	(3)
Total realized and unrealized gains (losses), Included in OCI		(263)	(105)
Purchases		136	100
Sales		(1)	(8)
Issuances		0	0
Settlements		(94)	(100)
Transfer into Level 3	[1]	21	29
Transfer out of Level 3	[1]	(87)	(98)
Ending balance		3,638	4,061
Total gains (losses) included in net income attributable to assets still held		(3)	(4)
Total gains (losses) included in OCI attributable to assets still held		(256)	(103)
Other invested assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		42	63
Total realized and unrealized gains (losses), Included in net income		(6)	3
Total realized and unrealized gains (losses), Included in OCI		0	0
Purchases		5	5
Sales		0	0
Issuances		0	0
Settlements		(11)	(18)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		30	53
Total gains (losses) included in net income attributable to assets still held		(3)	2
Total gains (losses) included in OCI attributable to assets still held		0	0
Other invested assets | Derivative assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		42	63
Total realized and unrealized gains (losses), Included in net income		(6)	3
Total realized and unrealized gains (losses), Included in OCI		0	0
Purchases		5	5
Sales		0	0
Issuances		0	0
Settlements		(11)	(18)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		30	53
Total gains (losses) included in net income attributable to assets still held		(3)	2
Total gains (losses) included in OCI attributable to assets still held		0	0
Other invested assets | Derivative assets | Equity index options
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		42	63
Total realized and unrealized gains (losses), Included in net income		(6)	3
Total realized and unrealized gains (losses), Included in OCI		0	0
Purchases		5	5
Sales		0	0
Issuances		0	0
Settlements		(11)	(18)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		30	53
Total gains (losses) included in net income attributable to assets still held		(3)	2
Total gains (losses) included in OCI attributable to assets still held		0	0
Reinsurance recoverable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	[2]	19	26
Total realized and unrealized gains (losses), Included in net income	[2]	(2)	(8)
Total realized and unrealized gains (losses), Included in OCI	[2]	0	0
Purchases	[2]	0	0
Sales	[2]	0	0
Issuances	[2]	0	0
Settlements	[2]	0	0
Transfer into Level 3	[1],[2]	0	0
Transfer out of Level 3	[1],[2]	0	0
Ending balance	[2]	17	18
Total gains (losses) included in net income attributable to assets still held	[2]	(2)	(8)
Total gains (losses) included in OCI attributable to assets still held	[2]	0	0
Fixed maturity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		3,808	4,089
Total realized and unrealized gains (losses), Included in net income		2	2
Total realized and unrealized gains (losses), Included in OCI		(263)	(105)
Purchases		131	87
Sales		(1)	0
Issuances		0	0
Settlements		(83)	(82)
Transfer into Level 3	[1]	21	29
Transfer out of Level 3	[1]	(86)	(98)
Ending balance		3,529	3,922
Total gains (losses) included in net income attributable to assets still held		2	2
Total gains (losses) included in OCI attributable to assets still held		(256)	(103)
Fixed maturity securities | State and political subdivisions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		82	66
Total realized and unrealized gains (losses), Included in net income		1	1
Total realized and unrealized gains (losses), Included in OCI		(12)	1
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		71	68
Total gains (losses) included in net income attributable to assets still held		1	1
Total gains (losses) included in OCI attributable to assets still held		(12)	1
Fixed maturity securities | U.S. corporate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		2,381	2,272
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(167)	(68)
Purchases		106	38
Sales		0	0
Issuances		0	0
Settlements		(17)	(58)
Transfer into Level 3	[1]	0	27
Transfer out of Level 3	[1]	(34)	(61)
Ending balance		2,269	2,150
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		(165)	(66)
Fixed maturity securities | U.S. corporate | Utilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		950	842
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(73)	(30)
Purchases		35	8
Sales		0	0
Issuances		0	0
Settlements		0	(13)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	(14)
Ending balance		912	793
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		(73)	(29)
Fixed maturity securities | U.S. corporate | Energy
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		76	128
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(4)	(4)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	(2)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		72	122
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		(4)	(4)
Fixed maturity securities | U.S. corporate | Finance and insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		685	607
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(56)	(22)
Purchases		66	18
Sales		0	0
Issuances		0	0
Settlements		(2)	(17)
Transfer into Level 3	[1]	0	17
Transfer out of Level 3	[1]	(17)	(6)
Ending balance		676	597
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		(55)	(22)
Fixed maturity securities | U.S. corporate | Consumer-non-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		104	109
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(5)	(3)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		(7)	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		92	106
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		(6)	(3)
Fixed maturity securities | U.S. corporate | Technology and communications
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		29	47
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(1)	(2)
Purchases		0	12
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	4
Transfer out of Level 3	[1]	0	(21)
Ending balance		28	40
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		(1)	(2)
Fixed maturity securities | U.S. corporate | Industrial
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		37	40
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(2)	0
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	(20)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		35	20
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		(2)	0
Fixed maturity securities | U.S. corporate | Capital goods
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		45	60
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(4)	(2)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		41	58
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		(3)	(2)
Fixed maturity securities | U.S. corporate | Consumer-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		137	150
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(8)	(2)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		(2)	(1)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		127	147
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		(8)	(2)
Fixed maturity securities | U.S. corporate | Transportation
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		64	70
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(3)	(1)
Purchases		5	0
Sales		0	0
Issuances		0	0
Settlements		(2)	(2)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		64	67
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		(3)	(1)
Fixed maturity securities | U.S. corporate | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		254	219
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(11)	(2)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		(4)	(3)
Transfer into Level 3	[1]	0	6
Transfer out of Level 3	[1]	(17)	(20)
Ending balance		222	200
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		(10)	(1)
Fixed maturity securities | Non-U.S. corporate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		1,162	1,608
Total realized and unrealized gains (losses), Included in net income		1	1
Total realized and unrealized gains (losses), Included in OCI		(75)	(36)
Purchases		10	46
Sales		0	0
Issuances		0	0
Settlements		(62)	(20)
Transfer into Level 3	[1]	17	0
Transfer out of Level 3	[1]	(13)	(23)
Ending balance		1,040	1,576
Total gains (losses) included in net income attributable to assets still held		1	1
Total gains (losses) included in OCI attributable to assets still held		(73)	(36)
Fixed maturity securities | Non-U.S. corporate | Utilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		345	352
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(21)	(7)
Purchases		10	30
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		334	375
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		(21)	(7)
Fixed maturity securities | Non-U.S. corporate | Energy
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		145	245
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(7)	(2)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		138	243
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		(7)	(2)
Fixed maturity securities | Non-U.S. corporate | Finance and insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		160	305
Total realized and unrealized gains (losses), Included in net income		1	1
Total realized and unrealized gains (losses), Included in OCI		(18)	(16)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		143	290
Total gains (losses) included in net income attributable to assets still held		1	1
Total gains (losses) included in OCI attributable to assets still held		(18)	(16)
Fixed maturity securities | Non-U.S. corporate | Consumer-non-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		63	67
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(3)	(1)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3		0	0	[1]
Transfer out of Level 3		0	0	[1]
Ending balance		60	66
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		(3)	(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	28
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(1)	0
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		27	28
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		(1)	0
Fixed maturity securities | Non-U.S. corporate | Industrial
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		93	95
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(6)	(2)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	(13)	0
Ending balance		74	93
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		(4)	(2)
Fixed maturity securities | Non-U.S. corporate | Capital goods
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		173	178
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(8)	(3)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		(33)	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		132	175
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		(8)	(3)
Fixed maturity securities | Non-U.S. corporate | Consumer-cyclical
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		76	146
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(7)	(2)
Purchases		0	16
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	17	0
Transfer out of Level 3	[1]	0	(16)
Ending balance		86	144
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		(7)	(2)
Fixed maturity securities | Non-U.S. corporate | Transportation
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		53	109
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(2)	(1)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		(29)	(19)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	(7)
Ending balance		22	82
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		(2)	(1)
Fixed maturity securities | Non-U.S. corporate | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		26	83
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(2)	(2)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	(1)
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		24	80
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		(2)	(2)
Fixed maturity securities | Residential mortgage-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		27	14
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(1)	(1)
Purchases		9	0
Sales		0	0
Issuances		0	0
Settlements		(1)	0
Transfer into Level 3	[1]	4	0
Transfer out of Level 3	[1]	(5)	0
Ending balance		33	13
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
Fixed maturity securities | Commercial mortgage-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		16	20
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(1)	(1)
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		15	19
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		(1)	(2)
Fixed maturity securities | Other asset-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		138	109
Total realized and unrealized gains (losses), Included in net income		0	0
Total realized and unrealized gains (losses), Included in OCI		(7)	0
Purchases		6	3
Sales		0	0
Issuances		0	0
Settlements		(3)	(4)
Transfer into Level 3	[1]	0	2
Transfer out of Level 3	[1]	(34)	(14)
Ending balance		100	96
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		(5)	0
Fixed maturity securities | Non-U.S. government
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		2
Total realized and unrealized gains (losses), Included in net income		0
Total realized and unrealized gains (losses), Included in OCI		0
Purchases		0
Sales		(1)
Issuances		0
Settlements		0
Transfer into Level 3	[1]	0
Transfer out of Level 3	[1]	0
Ending balance		1
Total gains (losses) included in net income attributable to assets still held		0
Total gains (losses) included in OCI attributable to assets still held		0
Equity Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		37	51
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	(8)
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	(1)	0
Ending balance		36	43
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
Limited Partnerships
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		26	17
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	8
Sales		0	0
Issuances		0	0
Settlements		0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance		26	25
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
[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 Ne

Gains and Losses Included in Net Income (Loss) from Assets Measured at Fair Value (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair value of financial instruments [Abstract]
Total realized and unrealized gains (losses) included in net income, assets	$ (6)	$ (3)
Total gains (losses) included in net income attributable to assets still held, assets	(3)	(4)
Net Investment Income
Fair value of financial instruments [Abstract]
Total realized and unrealized gains (losses) included in net income, assets	2	2
Total gains (losses) included in net income attributable to assets still held, assets	2	2
Net investment gains (losses)
Fair value of financial instruments [Abstract]
Total realized and unrealized gains (losses) included in net income, assets	(8)	(5)
Total gains (losses) included in net income attributable to assets still held, assets	$ (5)	$ (6)

Summary of Significant Unobserv

Summary of Significant Unobservable Inputs Used for Fair Value Measurements Classified As Level 3 (Detail) $ in Millions		3 Months Ended
		Mar. 31, 2022USD ($)bps		Dec. 31, 2021USD ($)
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value | $		$ 602		$ 616
Fixed maturity securities available-for-sale, at fair value | $		55,027		60,480
Derivative assets, fair value | $		214		433
Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value | $		525		590
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]	243		271
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 | $		261		294
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 | $		21		25
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 | $		$ 3,529		3,808
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 | $		$ 30
Fair value input, equity index volatility, lower limit		6.00%
Fair value input, equity index volatility, upper limit		56.00%
Fair value input, equity index volatility, weighted-average		21.00%
Level 3 | Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities, fair value | $		$ 525		590
Level 3 | Policyholder account balances | GMWB embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique	[2]	Stochastic cash flow model
Derivative liabilities, fair value | $	[1]	$ 243	[2]	271
Fair value, withdrawal utilization rate, lower limit		61.00%
Fair value, withdrawal utilization rate, upper limit		89.00%
Fair value, lapse rate, lower limit		2.00%
Fair value, lapse rate, upper limit		9.00%
Fair value input, credit spreads, lower limit		23
Fair value input, credit spreads, upper limit		83
Fair value input, credit spreads, weighted-average	[3]	66
Fair value input, equity index volatility, lower limit	[2]	18.00%
Fair value input, equity index volatility, upper limit	[2]	27.00%
Fair value, withdrawal utilization rate, weighted-average	[3]	77.00%
Fair value, lapse rate, weighted-average	[3]	4.00%
Fair value input, equity index volatility, weighted-average	[3]	23.00%
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 | $		$ 261		294
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 | $		$ 21		$ 25
Fair value, expected future interest credited, lower limit		3.00%
Fair value, expected future interest credited, upper limit		12.00%
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 | $		$ 2,140
Fair value input, credit spreads, lower limit		32
Fair value input, credit spreads, upper limit		248
Fair value input, credit spreads, weighted-average		146
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 | $		$ 880
Fair value input, credit spreads, lower limit		49
Fair value input, credit spreads, upper limit		227
Fair value input, credit spreads, weighted-average		148
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 | $		$ 57
Fair value input, credit spreads, lower limit		108
Fair value input, credit spreads, upper limit		248
Fair value input, credit spreads, weighted-average		173
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 | $		$ 670
Fair value input, credit spreads, lower limit		54
Fair value input, credit spreads, upper limit		218
Fair value input, credit spreads, weighted-average		158
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 | $		$ 92
Fair value input, credit spreads, lower limit		54
Fair value input, credit spreads, upper limit		248
Fair value input, credit spreads, weighted-average		132
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 | $		$ 27
Fair value input, credit spreads, lower limit		87
Fair value input, credit spreads, upper limit		162
Fair value input, credit spreads, weighted-average		133
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 | $		$ 35
Fair value input, credit spreads, lower limit		98
Fair value input, credit spreads, upper limit		203
Fair value input, credit spreads, weighted-average		136
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 | $		$ 41
Fair value input, credit spreads, lower limit		67
Fair value input, credit spreads, upper limit		190
Fair value input, credit spreads, weighted-average		145
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 | $		$ 127
Fair value input, credit spreads, lower limit		85
Fair value input, credit spreads, upper limit		184
Fair value input, credit spreads, weighted-average		137
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 | $		$ 53
Fair value input, credit spreads, lower limit		32
Fair value input, credit spreads, upper limit		156
Fair value input, credit spreads, weighted-average		103
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 | $		$ 158
Fair value input, credit spreads, lower limit		90
Fair value input, credit spreads, upper limit		170
Fair value input, credit spreads, weighted-average		109
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 | $		$ 998
Fair value input, credit spreads, lower limit		54
Fair value input, credit spreads, upper limit		236
Fair value input, credit spreads, weighted-average		129
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 | $		$ 333
Fair value input, credit spreads, lower limit		75
Fair value input, credit spreads, upper limit		218
Fair value input, credit spreads, weighted-average		129
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 | $		$ 129
Fair value input, credit spreads, lower limit		83
Fair value input, credit spreads, upper limit		203
Fair value input, credit spreads, weighted-average		138
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 | $		$ 143
Fair value input, credit spreads, lower limit		88
Fair value input, credit spreads, upper limit		150
Fair value input, credit spreads, weighted-average		135
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 | $		$ 58
Fair value input, credit spreads, lower limit		54
Fair value input, credit spreads, upper limit		154
Fair value input, credit spreads, weighted-average		103
Internal Models | Level 3 | Non-U.S. corporate | Technology and communications
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Valuation technique		Internal models
Fixed maturity securities available-for-sale, at fair value | $		$ 27
Fair value input, credit spreads, lower limit		83
Fair value input, credit spreads, upper limit		139
Fair value input, credit spreads, weighted-average		108
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 | $		$ 74
Fair value input, credit spreads, lower limit		67
Fair value input, credit spreads, upper limit		182
Fair value input, credit spreads, weighted-average		113
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 | $		$ 132
Fair value input, credit spreads, lower limit		54
Fair value input, credit spreads, upper limit		236
Fair value input, credit spreads, weighted-average		137
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 | $		$ 57
Fair value input, credit spreads, lower limit		98
Fair value input, credit spreads, upper limit		203
Fair value input, credit spreads, weighted-average		137
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 | $		$ 21
Fair value input, credit spreads, lower limit		126
Fair value input, credit spreads, upper limit		203
Fair value input, credit spreads, weighted-average		141
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 | $		$ 24
Fair value input, credit spreads, lower limit		55
Fair value input, credit spreads, upper limit		130
Fair value input, credit spreads, weighted-average		106
[1]	Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
[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.
[3]	Unobservable inputs weighted by the policyholder account balances associated with the instrument.

Liabilities by Class of Instrum

Liabilities by Class of Instrument that are Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions		Mar. 31, 2022		Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		$ 602		$ 616
Total liabilities		602		616
Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		77		26
Other liabilities | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		76		26
Other liabilities | Foreign currency swaps
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		525		590
Policyholder account balances | GMWB embedded derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value	[1]	243		271
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		261		294
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		21		25
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
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		77		26
Level 2 | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		77		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		76		26
Level 2 | Other liabilities | Foreign currency swaps
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		525		590
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
Level 3 | Policyholder account balances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities, fair value		525		590
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]	243	[2]	271
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		261		294
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		$ 21		$ 25
[1]	Represents embedded derivatives associated with our GMWB liabilities, excluding the impact of reinsurance.
[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.

Liabilities Measured at Fair Va

Liabilities Measured at Fair Value on Recurring Basis and Utilized Significant Unobservable (Level 3) Inputs to Determine Fair Value (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		$ 590	$ 804
Total realized and unrealized (gains) losses included in net (income)		(57)	(119)
Total realized and unrealized (gains) losses included in OCI		0	0
Purchases		0	0
Sales		0	0
Issuances		13	13
Settlements		(20)	(41)
Transfer into Level 3		0	0
Transfer out of Level 3		(1)	0
Ending balance		525	657
Total (gains) losses included in net (income) attributable to liabilities still held		(53)	(113)
Total (gains) losses included in OCI attributable to liabilities still held		0	0
Policyholder account balances
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		590	804
Total realized and unrealized (gains) losses included in net (income)		(57)	(119)
Total realized and unrealized (gains) losses included in OCI		0	0
Purchases		0	0
Sales		0	0
Issuances		13	13
Settlements		(20)	(41)
Transfer into Level 3		0	0
Transfer out of Level 3		(1)	0
Ending balance		525	657
Total (gains) losses included in net (income) attributable to liabilities still held		(53)	(113)
Total (gains) losses included in OCI attributable to liabilities still held		0	0
Policyholder account balances | GMWB embedded derivatives
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	[1]	271	379
Total realized and unrealized (gains) losses included in net (income)	[1]	(34)	(113)
Total realized and unrealized (gains) losses included in OCI	[1]	0	0
Purchases	[1]	0	0
Sales	[1]	0	0
Issuances	[1]	6	6
Settlements	[1]	0	0
Transfer into Level 3	[1]	0	0
Transfer out of Level 3	[1]	0	0
Ending balance	[1]	243	272
Total (gains) losses included in net (income) attributable to liabilities still held	[1]	(30)	(107)
Total (gains) losses included in OCI attributable to liabilities still held	[1]	0	0
Policyholder account balances | Fixed index annuity embedded derivatives
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		294	399
Total realized and unrealized (gains) losses included in net (income)		(12)	4
Total realized and unrealized (gains) losses included in OCI		0	0
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		(20)	(41)
Transfer into Level 3		0	0
Transfer out of Level 3		(1)	0
Ending balance		261	362
Total (gains) losses included in net (income) attributable to liabilities still held		(12)	4
Total (gains) losses included in OCI attributable to liabilities still held		0	0
Policyholder account balances | Indexed universal life embedded derivatives
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		25	26
Total realized and unrealized (gains) losses included in net (income)		(11)	(10)
Total realized and unrealized (gains) losses included in OCI		0	0
Purchases		0	0
Sales		0	0
Issuances		7	7
Settlements		0	0
Transfer into Level 3		0	0
Transfer out of Level 3		0	0
Ending balance		21	23
Total (gains) losses included in net (income) attributable to liabilities still held		(11)	(10)
Total (gains) losses included in OCI attributable to liabilities still held		$ 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
	Mar. 31, 2022	Mar. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total realized and unrealized (gains) losses included in net (income), liabilities	$ (57)	$ (119)
Total (gains) losses included in net (income) attributable to liabilities still held, liabilities	(53)	(113)
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), liabilities	0	0
Total (gains) losses included in net (income) attributable to liabilities still held, liabilities	0	0
Net investment (gains) losses
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total realized and unrealized (gains) losses included in net (income), liabilities	(57)	(119)
Total (gains) losses included in net (income) attributable to liabilities still held, liabilities	$ (53)	$ (113)

Fair Value Financial Instrument

Fair Value Financial Instruments Not Required to Be Carried at Fair Value (Detail) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans		$ 6,913	$ 6,830
Liabilities:
Long-term borrowings		1,819	1,899
Off-balance sheet risk		1,309	1,185
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial mortgage loans	[1]	0	0
Bank loan investments	[1]	0	0
Liabilities:
Long-term borrowings	[1]	0	0
Investment contracts	[1]	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	[1]	22	0
Bank loan investments	[1]	0	0
Liabilities:
Long-term borrowings	[1]	1,587	1,767
Investment contracts	[1]	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	[1]	6,961	7,224
Bank loan investments	[1]	384	370
Liabilities:
Long-term borrowings	[1]	0	0
Investment contracts	[1]	8,582	9,352
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	[1]	6,913	6,830
Bank loan investments	[1]	381	363
Liabilities:
Long-term borrowings	[1]	1,819	1,899
Investment contracts	[1]	8,327	8,657
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	[1]	6,983	7,224
Bank loan investments	[1]	384	370
Liabilities:
Long-term borrowings	[1]	1,587	1,767
Investment contracts	[1]	8,582	9,352
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 bank loan investments
Liabilities:
Off-balance sheet risk		108	141
Notional amount | Ordinary course of business lending commitments
Liabilities:
Off-balance sheet risk		$ 95	$ 125
[1]	These financial instruments do not have notional amounts.

Summary of carrying value of li

Summary of carrying value of limited partnerships and commitments to fund (Detail) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Schedule of Carrying Value of Limited Partnerships and Commitments To Fund [Line Items]
Limited partnerships, carrying value		$ 2,007	$ 1,900
Off-balance sheet risk		1,309	1,185
Limited Partnerships
Schedule of Carrying Value of Limited Partnerships and Commitments To Fund [Line Items]
Limited partnerships, carrying value		1,558	1,462
Assets Measured Using Net Asset Value | Limited Partnerships Private Equity Funds
Schedule of Carrying Value of Limited Partnerships and Commitments To Fund [Line Items]
Limited partnerships, carrying value	[1]	1,405	1,312
Off-balance sheet risk	[1]	975	950
Assets Measured Using Net Asset Value | Limited Partnerships Real Estate Funds
Schedule of Carrying Value of Limited Partnerships and Commitments To Fund [Line Items]
Limited partnerships, carrying value	[2]	72	67
Off-balance sheet risk	[2]	117	101
Assets Measured Using Net Asset Value | Limited Partnerships Infrastructure Funds
Schedule of Carrying Value of Limited Partnerships and Commitments To Fund [Line Items]
Limited partnerships, carrying value	[3]	55	57
Off-balance sheet risk	[3]	13	13
Assets Measured Using Net Asset Value | Limited Partnerships
Schedule of Carrying Value of Limited Partnerships and Commitments To Fund [Line Items]
Limited partnerships, carrying value		1,532	1,436
Off-balance sheet risk		1,105	1,064
Accounted For Under Equity method of Accounting | Limited Partnerships
Schedule of Carrying Value of Limited Partnerships and Commitments To Fund [Line Items]
Limited partnerships, carrying value		448	437
Off-balance sheet risk		203	120
Low-Income Housing Tax Credits | Limited Partnerships
Schedule of Carrying Value of Limited Partnerships and Commitments To Fund [Line Items]
Limited partnerships, carrying value	[4]	1	1
Off-balance sheet risk	[4]	0	0
Accounted for at Fair Value | Limited Partnerships
Schedule of Carrying Value of Limited Partnerships and Commitments To Fund [Line Items]
Limited partnerships, carrying value		26	26
Off-balance sheet risk		$ 1	$ 1
[1]	This class employs various investment strategies such as leveraged buyout, growth equity, venture capital and mezzanine financing, generally investing in debt or equity positions directly in companies or assets of various sizes across diverse industries globally, primarily concentrated in North America.
[2]	This class invests in real estate in North America, Europe and Asia via direct property ownership, joint ventures, mortgages and investments in debt and equity instruments.
[3]	This class invests in the debt or equity of cash flow generating assets diversified across a variety of industries, including transportation, energy infrastructure, renewable power, social infrastructure, power generation, water, telecommunications and other regulated entities globally.
[4]	Relates to limited partnership investments that invest in affordable housing projects that qualify for the Low-Income Housing Tax Credit and are accounted for using the proportional amortization method.

Changes in Liability for Policy

Changes in Liability for Policy and Contract Claims (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Beginning balance	$ 11,841
Ending balance	11,833		$ 11,841
Long-term Care Insurance
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Beginning balance	11,841	$ 11,486	11,486
Less reinsurance recoverables	(2,388)	(2,431)	(2,431)
Net beginning balance	9,453	9,055	9,055
Current year	1,094	1,054
Prior years	(293)	(229)
Total incurred	801	825
Current year	(202)	(197)
Prior years	(675)	(725)
Total paid	(877)	(922)
Interest on liability for policy and contract claims	103	101
Net ending balance	9,480	9,059	9,453
Add reinsurance recoverables	2,353	2,356	2,388
Ending balance	$ 11,833	$ 11,415	$ 11,841

Liability for Policy and Cont_3

Liability for Policy and Contract Claims - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Claims and Claims Adjustment Expense	$ 11,833		$ 11,841
Long-term Care Insurance
Liability for Claims and Claims Adjustment Expense [Line Items]
Incurred related to insured events of prior year	(293)	$ (229)
Liability for Claims and Claims Adjustment Expense	11,833	$ 11,415	11,841	$ 11,486
GNW Long Term Care Insurance [Member] | GNW Covid Nineteen [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Incurred related to insured events of prior year	38
GNW Long Term Care Insurance [Member] | GNW Covid Nineteen [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Claims and Claims Adjustment Expense	171		$ 209
Enact | GNW Covid Nineteen [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Incurred related to insured events of prior year	$ 50

Borrowings - Long Term Borrowin

Borrowings - Long Term Borrowings (Detail) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total		$ 1,819	$ 1,899
Genworth Holdings
Debt Instrument [Line Items]
Long-term borrowings	[1]	1,096	1,178
Bond consent fees	[1]	(11)	(12)
Deferred borrowing charges	[1]	(7)	(7)
Total	[1]	1,078	1,159
Genworth Holdings | 4.80% Senior Notes, Due 2024
Debt Instrument [Line Items]
Long-term borrowings	[1]	200	282
Genworth Holdings | 6.50% Senior Notes, Due 2034
Debt Instrument [Line Items]
Long-term borrowings	[1]	298	298
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		(9)	(10)
Total		741	740
Enact Holdings | 6.50% Senior Notes, Due 2025
Debt Instrument [Line Items]
Long-term borrowings	[2]	$ 750	$ 750
[1]	Genworth Holdings has 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 majority-owned indirect 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) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt Instrument [Line Items]
Gain (Loss) on Extinguishment of Debt	$ (3)	$ (4)
4.80% Senior Notes, Due 2024 | Genworth Holdings
Debt Instrument [Line Items]
Interest rate	4.80%
Debt instrument, maturity year	2024
Aggregate principal amount of notes repurchased	$ 82
Gain (Loss) on Extinguishment of Debt	$ 3
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)	3 Months Ended
	Mar. 31, 2022
Genworth Holdings | Fixed Rate Senior Notes | Minimum
Debt Instrument [Line Items]
Senior notes option to redeem	100.00%
Enact Holdings | 6.50% Senior Notes, Due 2025
Debt Instrument [Line Items]
Debt instrument, option to redeem date, prior to	Feb. 15, 2025

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%
Tax Expense | Forward Starting Swaps
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%

Reconciliation of Federal Statu

Reconciliation of Federal Statutory Tax Rate to Effective Income Tax Rate (Detail)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Examination [Line Items]
Statutory U.S. federal income tax rate	21.00%	21.00%
Tax on income from terminated swaps	2.80%	4.10%
Other, net	0.50%	0.20%
Effective rate	24.30%	25.30%

Segment Information - Additiona

Segment Information - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Corporate federal income tax rate	21.00%	21.00%
Assumed tax rate on adjustments to adjusted operating income (loss)	21.00%
Expenses related to restructuring	$ 0	$ 21
Gains (losses) related to early extinguishment of debt	(3)	(4)
Genworth Holdings | Senior Notes 2021
Segment Reporting Information [Line Items]
Gains (losses) related to early extinguishment of debt		4
Aggregate principal amount of notes repurchased		$ 146
Genworth Holdings | Senior Notes 2024
Segment Reporting Information [Line Items]
Gains (losses) related to early extinguishment of debt	3
Aggregate principal amount of notes repurchased	$ 82

Summary of Assets for Segments

Summary of Assets for Segments and Corporate and Other Activities (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total assets	$ 93,487	$ 99,171
Enact | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	5,790	5,850
U.S. Life Insurance | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	76,482	81,210
Runoff | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	8,960	9,460
Corporate and Other | Segment, Continuing Operations
Segment Reporting Information [Line Items]
Total assets	$ 2,255	$ 2,651

Summary of Revenues of Major Pr

Summary of Revenues of Major Product Groups for Segments and Corporate and Other Activities (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Revenues	$ 1,892	$ 1,985
Segment, Continuing Operations
Segment Reporting Information [Line Items]
Revenues	1,892	1,985
Segment, Continuing Operations | Enact
Segment Reporting Information [Line Items]
Revenues	270	288
Segment, Continuing Operations | Long-term Care Insurance
Segment Reporting Information [Line Items]
Revenues	1,109	1,140
Segment, Continuing Operations | Life Insurance
Segment Reporting Information [Line Items]
Revenues	339	348
Segment, Continuing Operations | Fixed Annuities
Segment Reporting Information [Line Items]
Revenues	116	132
Segment, Continuing Operations | U.S. Life Insurance
Segment Reporting Information [Line Items]
Revenues	1,564	1,620
Segment, Continuing Operations | Runoff
Segment Reporting Information [Line Items]
Revenues	66	76
Segment, Continuing Operations | Corporate and Other
Segment Reporting Information [Line Items]
Revenues	$ (8)	$ 1

Summary of Net Operating Income

Summary of Net Operating Income (Loss) for Segments and Corporate and Other Activities (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Net income (loss) available to Genworth Financial, Inc.'s common stockholders	$ 149	$ 187
Add: net income from continuing operations attributable to noncontrolling interests	30	0
Add: net income from discontinued operations attributable to noncontrolling interests	0	8
Net income	179	195
Less: income (loss) from discontinued operations, net of taxes	(2)	21
Income from continuing operations	181	174
Less: net income from continuing operations attributable to noncontrolling interests	30	0
Income from continuing operations available to Genworth Financial, Inc.'s common stockholders	151	174
Net investment (gains) losses, net	(28)	(33)
(Gains) losses on early extinguishment of debt	3	4
Expenses related to restructuring	0	21
Taxes on adjustments	5	2
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders	131	168
Segment, Continuing Operations | Enact
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders	135	126
Segment, Continuing Operations | Long-term Care Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders	59	95
Segment, Continuing Operations | Life Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders	(79)	(63)
Segment, Continuing Operations | Fixed Annuities
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders	16	30
Segment, Continuing Operations | U.S. Life Insurance
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders	(4)	62
Segment, Continuing Operations | Runoff
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders	9	12
Segment, Continuing Operations | Corporate and Other
Segment Reporting Information [Line Items]
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders	$ (9)	$ (32)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	Mar. 25, 2022	Jul. 17, 2020	Jan. 31, 2020	Jan. 31, 2021	Mar. 31, 2022	Dec. 31, 2019	Dec. 31, 2021	Sep. 11, 2019
Commitments and Contingencies Disclosure [Line Items]
Loss Contingency, Damages Sought		$ 5
Off-balance sheet risk					$ 1,309		$ 1,185
Commitments to Fund Limited Partnerships
Commitments and Contingencies Disclosure [Line Items]
Off-balance sheet risk					1,309
Commitments to fund U.S. commercial mortgage loan investments
Commitments and Contingencies Disclosure [Line Items]
Off-balance sheet risk					75
Commitments to Fund Private Placement Investments
Commitments and Contingencies Disclosure [Line Items]
Off-balance sheet risk					20
Commitments to Fund Bank Loan Investments
Commitments and Contingencies Disclosure [Line Items]
Off-balance sheet risk					108
Other Litigation
Commitments and Contingencies Disclosure [Line Items]
Plaintiff's Motion Dismissed			$ 395
Loss Contingency, Damages Sought		$ 5		$ 5	5
Plaintiffs' motion			$ 15			$ 410
Restricted cash proceeds on sale per litigation								$ 450
Life Insurance | Litigation | Cost of Insurance
Commitments and Contingencies Disclosure [Line Items]
Contingent liability					$ 25
Litigation Settlement, Amount Awarded to Other Party	$ 25

Component of Changes in Accumul

Component of Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		$ 3,861	$ 4,425
OCI before reclassifications		(1,261)	(565)
Amounts reclassified from (to) OCI		(31)	(38)
Total other comprehensive income (loss)		(1,292)	(603)
Balances before nonnontrolling interests		2,569	3,822
Less: change in OCI attributable to noncontrolling interests		(41)	147
Ending balance		2,610	3,675
Net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[1]	1,860	2,214
OCI before reclassifications	[1]	(1,057)	(316)
Amounts reclassified from (to) OCI	[1]	6	(4)
Total other comprehensive income (loss)	[1]	(1,051)	(320)
Balances before nonnontrolling interests	[1]	809	1,894
Less: change in OCI attributable to noncontrolling interests	[1]	(41)	(25)
Ending balance	[1]	850	1,919
Derivatives qualifying as hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[2]	2,025	2,211
OCI before reclassifications	[2]	(199)	(385)
Amounts reclassified from (to) OCI	[2]	(37)	(34)
Total other comprehensive income (loss)	[2]	(236)	(419)
Balances before nonnontrolling interests	[2]	1,789	1,792
Less: change in OCI attributable to noncontrolling interests	[2]	0	0
Ending balance	[2]	1,789	1,792
Foreign currency translation and other adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(24)	0
OCI before reclassifications		(5)	136
Amounts reclassified from (to) OCI		0	0
Total other comprehensive income (loss)		(5)	136
Balances before nonnontrolling interests		(29)	136
Less: change in OCI attributable to noncontrolling interests		0	172
Ending balance		$ (29)	$ (36)
[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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrecognized postretirement benefit obligation, current period OCI	$ (4)	$ (15)
Unrecognized postretirement benefit obligation, current period OCI, tax	$ 1	4
Foreign currency translation and other adjustments, current period OCI, tax		$ (1)

Reclassifications In (Out) of A

Reclassifications In (Out) of Accumulated Other Comprehensive Income (Loss), Net of Taxes (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income	$ (764)	$ (801)
Net investment (gains) losses	(28)	(33)
Interest expense	26	51
Income taxes	58	59
(Income) loss from continuing operations	(181)	(174)
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	8	(5)
Income taxes	(2)	1
(Income) loss from continuing operations	6	(4)
Amount reclassified from accumulated other comprehensive income (loss) | Derivatives qualifying as hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income taxes	20	18
(Income) loss from continuing operations	(37)	(34)
Amount reclassified from accumulated other comprehensive income (loss) | Derivatives qualifying as hedges | Interest rate swaps | Derivative liabilities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	1	0
Amount reclassified from accumulated other comprehensive income (loss) | Derivatives qualifying as hedges | Interest rate swaps | Derivative assets
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income	(55)	(52)
Net investment (gains) losses	(2)	0
Amount reclassified from accumulated other comprehensive income (loss) | Derivatives qualifying as hedges | Foreign currency swaps
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income	$ (1)	$ 0

Summary of Operating Results Re

Summary of Operating Results Related to Discontinued Operations (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Revenues:
Premiums		$ 931	$ 968
Net investment income		764	801
Net investment gains (losses)		28	33
Benefits and expenses:
Benefits and other changes in policy reserves		1,139	1,218
Acquisition and operating expenses, net of deferrals		271	275
Amortization of deferred acquisition costs and intangibles		92	77
Total benefits and expenses		1,653	1,752
Income from discontinued operations, net of taxes		(2)	21
Less: net income from discontinued operations attributable to noncontrolling interests		0	8
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders		$ (2)	13
Assets Held For Sale Related To Discontinued Operations | Genworth Australia
Revenues:
Premiums			51
Net investment income			4
Net investment gains (losses)			(5)
Total revenues			50
Benefits and expenses:
Benefits and other changes in policy reserves			11
Acquisition and operating expenses, net of deferrals			7
Amortization of deferred acquisition costs and intangibles			6
Interest expense			1
Total benefits and expenses			25
Income before income taxes and loss on sale	[1]		25
Provision for income taxes			7
Income before loss on sale			18
Loss on sale, net of taxes			(3)
Income from discontinued operations, net of taxes			15
Less: net income from discontinued operations attributable to noncontrolling interests			8
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders			$ 7
[1]	The three months ended March 31, 2021, includes pre-tax income from discontinued operations available to Genworth Financial, Inc.’s common stockholders of $13 million.

Summary of Operating Results _2

Summary of Operating Results Related to Discontinued Operations (Parenthetical) (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Genworth Australia | Parent Company [Member]
Discontinued operation pretax income attributable to parent	$ 13

Discontinued Operations - Summa

Discontinued Operations - Summary of Liabilities Related to Discontinued Operations (Detail) - AXA Settlement Agreement | Future Losses £ in Millions, $ in Millions		3 Months Ended		12 Months Ended
		Mar. 31, 2022USD ($)	Mar. 31, 2022GBP (£)	Dec. 31, 2021USD ($)	Dec. 31, 2021GBP (£)	Mar. 31, 2022GBP (£)	Dec. 31, 2021GBP (£)
Installment payments due to AXA:
Total amounts due under the promissory note		$ 0		$ 0		£ 0	£ 0
Future claims:
Estimated beginning balance		30	£ 22	108	£ 79
Plus: Additional amounts invoiced		1	1	0	0
Change in estimated future claims		0	0	(14)	(10)
Less: Amounts billed and included as mandatory prepayments		0	0	(61)	(45)
Less: Amounts paid		(30)	(22)	(3)	(2)
Foreign exchange and other		0
Estimated future claims		1	1	30	22
Total amounts due to AXA under the settlement agreement		1		30		£ 1	£ 22
June 2022
Installment payments due to AXA:
Beginning balance		0	0	217	159
Prepayments	[1]	0	0	(217)	(159)
Ending balance		0	0	0	0
September 2022
Installment payments due to AXA:
Beginning balance		0	0	256	187
Amounts billed as future losses		0	0	61	45
Prepayments	[1]	0	0	(324)	(232)
Foreign exchange and other		0	0	7	0
Ending balance		$ 0	£ 0	$ 0	£ 0
[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. On September 21, 2021, we used a portion of the net proceeds from the minority IPO of Enact Holdings to repay the remaining outstanding balance of the secured promissory note of approximately £215 million ($296 million).

Discontinued Operations - Sum_2

Discontinued Operations - Summary of Liabilities Related to Discontinued Operations (Parenthetical) (Detail) - Genworth Mortgage Insurance Australia Limited [Member] £ in Millions, $ in Millions, $ in Millions	Mar. 31, 2021USD ($)	Mar. 31, 2021GBP (£)	Mar. 03, 2021AUD ($)	Mar. 03, 2021USD ($)	Mar. 03, 2021GBP (£)
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Proceeds from sale of disposal group including discontinuing operations			$ 483	$ 370
Mandatory Payment [Member] | Promissory Note [Member] | Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Promissory Note repayment	$ 296	£ 215
AXA Settlement Agreement Promissory Note [Member] | Mandatory Payment [Member] | Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Promissory Note repayment				$ 245	£ 176

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) $ / shares in Units, $ / shares in Units, £ in Millions, $ in Millions, $ in Millions	Sep. 21, 2021USD ($)	Sep. 21, 2021GBP (£)	Mar. 31, 2021USD ($)	Mar. 31, 2021GBP (£)	Mar. 03, 2021AUD ($)$ / shares	Mar. 03, 2021USD ($)	Feb. 28, 2022USD ($)	Mar. 31, 2022USD ($)$ / shares	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2021GBP (£)
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Unrelated liability								$ 3		$ 4
Underwriting Liability [Member] | AXA [Member]
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Adjustments to underwriting loss									$ 4
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					$ 483	$ 370
After-tax favorable adjustment								$ (1)	$ 11
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Percentage of shareholding in the investee company									52.00%
Sale price per share disposed | (per share)					$ 2.28			$ 214.3
AXA Settlement Agreement
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Income (losses) from discontinued operations after tax								$ 1	$ 1
AXA Settlement Agreement Promissory Note | Discontinued Operations | Future Claims
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Loss Contingency, Estimate of Possible Loss										$ 30	£ 22
AXA Settlement Agreement Promissory Note | Discontinued Operations | Promissory Note | Mandatory Payment
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Repayment of mandatory principal payment	$ 296	£ 215	$ 245	£ 176
Discontinued Operations, Disposed of by Sale | AXA Settlement Agreement Promissory Note | Future Claims
Income Statement, Balance Sheet and Additional Disclosures by Planned Disposal Groups [Line Items]
Reduction in liabilities associated with future claims							$ 30