Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Segment Information

Segment information is summarized in the following table: 

(Dollars in millions)	Three months ended March 31,
	2020			2019
Revenues:
Commercial lines insurance
Commercial casualty	$	289		$	268
Commercial property	249			234
Commercial auto	185			170
Workers' compensation	75			77
Other commercial	65			61
Commercial lines insurance premiums	863			810
Fee revenues	1			1
Total commercial lines insurance	864			811
Personal lines insurance
Personal auto	154			155
Homeowner	159			147
Other personal	46			42
Personal lines insurance premiums	359			344
Fee revenues	1			1
Total personal lines insurance	360			345
Excess and surplus lines insurance	78			63
Fee revenues	1			1
Total excess and surplus lines insurance	79			64
Life insurance premiums	67			66
Fee revenues	—			1
Total life insurance	67			67
Investments
Investment income, net of expenses	165			157
Investment gains and losses, net	(1,725		)	663
Total investment revenue	(1,560		)	820
Other
Premiums	89			50
Other	2			2
Total other revenues	91			52
Total revenues	$	(99	)	$	2,159
Income (loss) before income taxes:
Insurance underwriting results
Commercial lines insurance	$	(20	)	$	76
Personal lines insurance	21			(4		)
Excess and surplus lines insurance	9			11
Life insurance	2			(1		)
Investments	(1,586		)	796
Other	(2		)	(11		)
Total income (loss) before income taxes	$	(1,576	)	$	867

Identifiable assets:	March 31, 2020		December 31, 2019
Property casualty insurance	$	3,444	$	3,437
Life insurance	1,517		1,516
Investments	17,699		19,583
Other	707		872
Total	$	23,367	$	25,408