XML 40 R61.htm IDEA: XBRL DOCUMENT v3.20.1
Deferred Policy Acquisition Costs - Progression of deferred policy acquisition costs (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Movement Analysis of Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]    
Deferred policy acquisition costs and present value of future profits, beginning balance $ 1,037 $ 1,682
Deferred policy acquisition costs and present value of future profits, additions 208 252
Deferred policy acquisition costs and present value of future profits, periodic amortization (273) (195)
Deferred policy acquisition costs and present value of future profits, change included in realized gains 10 2
Deferred policy acquisition costs and present value of future profits, foreign currency translation 0 1
Deferred policy acquisition costs and present value of future profits, change in unrealized 591 (295)
Deferred policy acquisition costs and present value of future profits, ending balance 1,573 1,447
P&C    
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]    
Deferred policy acquisition costs, beginning balance 322 299
Deferred policy acquisition costs, additions 158 187
Deferred policy acquisition costs, periodic amortization (170) (175)
Deferred policy acquisition costs, foreign currency translation 0 1
Deferred policy acquisition costs, ending balance 310 312
Annuity and Other    
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]    
Deferred policy acquisition costs, beginning balance 1,303 1,285
Deferred policy acquisition costs, additions 49 64
Deferred policy acquisition costs, periodic amortization (98) (15)
Deferred policy acquisition costs, change included in realized gains 10 2
Deferred policy acquisition costs, ending balance 1,264 1,336
Movement in Deferred Sales Inducements [Roll Forward]    
Deferred sales inducements, beginning balance 75 86
Deferred sales inducements, additions 1 1
Deferred sales inducements, periodic amortization (3) (3)
Deferred sales inducements, change included in realized gains 0 0
Deferred sales inducements, ending balance 73 84
Movement in Present Value of Future Insurance Profits [Roll Forward]    
Present value of future profits, beginning balance 36 42
Present value of future profits, periodic amortization (2) (2)
Present value of future profits, ending balance 34 40
Movement in Unrealized Gains (Losses) Related to Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]    
Unrealized investment gains (losses), beginning balance [1] (699) (30)
Unrealized investment gains (losses), change in unrealized [1] 591 (295)
Unrealized investment gains (losses), ending balance [1] (108) (325)
Movement Analysis of Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]    
Deferred policy acquisition costs and present value of future profits, beginning balance 715 1,383
Deferred policy acquisition costs and present value of future profits, additions 50 65
Deferred policy acquisition costs and present value of future profits, periodic amortization (103) (20)
Deferred policy acquisition costs and present value of future profits, change included in realized gains 10 2
Deferred policy acquisition costs and present value of future profits, change in unrealized 591 (295)
Deferred policy acquisition costs and present value of future profits, ending balance 1,263 1,135
Excluding Unrealized Gains | Annuity and Other    
Movement Analysis of Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]    
Deferred policy acquisition costs and present value of future profits, beginning balance 1,414 1,413
Deferred policy acquisition costs and present value of future profits, change in unrealized 0 0
Deferred policy acquisition costs and present value of future profits, ending balance $ 1,371 $ 1,460
[1]
Adjustments to DPAC related to net unrealized gains/losses on securities and cash flow hedges.