XML 39 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related Party Transactions
12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions
The Company reimburses Loews for, or pays directly, fees and expenses of investment facilities and services provided to the Company. Additionally, beginning in 2018, the Company provides investment-related processing services to Loews. The net amounts incurred by the Company for these fees, expenses and services were $43 million for each of the years ended December 31, 2018, 2017 and 2016. Net amounts due to Loews, included in Other liabilities and payable in the first quarter of the subsequent year, were $23 million and $22 million as of December 31, 2018 and 2017. In addition, the Company reimbursed Loews for general corporate services and related travel expenses of less than $1 million for the each of the years ended December 31, 2018 and 2017. The CNA Tax Group is included in the consolidated federal income tax return of Loews and its eligible subsidiaries. The related receivable from Loews, included in Other assets, was $8 million as of December 31, 2018. The related payable to Loews, included in Other liabilities, was $121 million as of December 31, 2017. For a detailed description of the income tax agreement with Loews see Note D to the Consolidated Financial Statements. In addition, the Company writes, at standard rates, a limited amount of insurance for Loews and its subsidiaries. The earned premiums for each of the years ended December 31, 2018, 2017 and 2016 were $2 million.