Derivative Assets At December 31, 2020 Gross Amounts of Recognized Assets Gross Amounts Offset in the Balance Sheet Net Amounts of Assets Presented in the Balance Sheet Balance Sheet Location Collateral Net Amount Derivative Instruments Not Designated as Hedges Interest rate futures $ 1,019 $ 863 $ 156 Other assets $ — $ 156 Interest rate swaps 22 — 22 Other assets — 22 Foreign currency forward contracts (1) 23,055 184 22,871 Other assets — 22,871 Foreign currency forward contracts (2) 2,232 69 2,163 Other assets — 2,163 Credit default swaps 68 — 68 Other assets — 68 Total derivative instruments not designated as hedges 26,396 1,116 25,280 — 25,280 Derivative Instruments Designated as Hedges Foreign currency forward contracts (3) 19,953 — 19,953 Other assets — 19,953 Total $ 46,349 $ 1,116 $ 45,233 $ — $ 45,233 Derivative Liabilities At December 31, 2020 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Balance Sheet Net Amounts of Liabilities Presented in the Balance Sheet Balance Sheet Location Collateral Pledged Net Amount Derivative Instruments Not Designated as Hedges Interest rate futures $ 1,430 $ 863 $ 567 Other liabilities $ 567 $ — Foreign currency forward contracts (1) 12,791 — 12,791 Other liabilities — 12,791 Foreign currency forward contracts (2) 3,919 69 3,850 Other liabilities 1,053 2,797 Total derivative instruments not designated as hedges 18,140 932 17,208 1,620 15,588 Derivative Instruments Designated as Hedges Foreign currency forward contracts (3) 5,152 — 5,152 Other liabilities — 5,152 Total $ 23,292 $ 932 $ 22,360 $ 1,620 $ 20,740 (1) Contracts used to manage foreign currency risks in underwriting and non-investment operations. (2) Contracts used to manage foreign currency risks in investment operations. (3) Contracts designated as hedges of net investments in foreign operations. Refer to “Note 5. Investments” for information on reverse repurchase agreements. F-86