Schedule V. Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule V. Valuation and Qualifying Accounts

SCHEDULE V. VALUATION AND QUALIFYING ACCOUNTS

(In millions)	Balance at Beginning of Period (1)		Charged to Costs and Expenses		Charged to Other Accounts		Deductions		Balance at End of Period
Year ended December 31, 2020
Allowance for uncollectible:
Mortgage loan receivables (1)	$	7	$	—	$	19	$	—	$	26
Insurance and reinsurance receivables	$	57	$	4	$	—	$	(7)	$	54
Allowance for credit losses:
Fixed maturity securities (1)	$	6	$	—	$	92	$	(58)	$	40
Year ended December 31, 2019
Allowance for uncollectible:
Insurance and reinsurance receivables	$	71	$	(6)	$	—	$	(8)	$	57
Year ended December 31, 2018
Allowance for uncollectible:
Insurance and reinsurance receivables	$	73	$	4	$	—	$	(6)	$	71

(1)    As of January 1, 2020, the Company adopted ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. Adoption of the new standard resulted in beginning of period adjustments to the allowance for uncollectible mortgage loan receivables and the allowance for credit losses on fixed maturity securities of $7 million and $6 million, respectively. The beginning of period balances reflect these adjustments. For more information on the adoption of ASU 2016-13, see Note A to the Consolidated Financial Statements included under Item 8.