XML 59 R41.htm IDEA: XBRL DOCUMENT v3.20.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Rollforward of allowance for credit losses and disputes in connection with the adoption of the Financial Instruments Credit Losses Standard) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Summary of Significant Accounting Policies [Line Items]      
Securities available for sale, balance, beginning of year $ 0    
Securities available for sale, purchased credit deteriorated initial allowance and purchases of available for sale debt securites accounted for as PCD assets 13    
Securities available for sale, increase (decrease) 198 $ 0  
Securities available for sale, balance, end of period 211    
Mortgage and other loan receivables, balance, beginning of year 438 397  
Mortgage and other loan receivables, increase (decrease) 31    
Mortgage and other loan receivables, balance, end of period 787 $ 422  
Reinsurance recoverables, balance, beginning of year 151    
Reinsurance recoverables, increase (decrease) (13)    
Reinsurance recoverables, balance, end of period 362    
Premiums and other receivables, balance, beginning of year 178    
Premiums and other receivables, increase (decrease) (2)    
Premiums and other receivables, balance, end of period 210    
Contractual deductible recoverables, balance, beginning of year 0    
Contractual deductible recoverables, increase (decrease) 0    
Contractual deductible recoverables, balance, end of period 14    
Commercial mortgage loan commitments, balance, beginning of year 0    
Commercial mortgage loan commitments, increase (decrease) 7    
Commercial mortgage loan commitments, balance, end of period 58    
Total, beginning of year 767    
Total, increase (decrease) 221    
Total, end of period 1,642    
Retained earnings (24,062)   $ (23,084)
Cumulative effect of change in accounting principle      
Summary of Significant Accounting Policies [Line Items]      
Securities available for sale, balance, beginning of year 0    
Mortgage and other loan receivables, balance, beginning of year 318    
Reinsurance recoverables, balance, beginning of year 224    
Premiums and other receivables, balance, beginning of year 34    
Contractual deductible recoverables, balance, beginning of year 14    
Commercial mortgage loan commitments, balance, beginning of year 51    
Total, beginning of year 641    
Secondary impacts to certain long-duration insurance contracts (27)    
Tax impact $ (127)    
Retained earnings     $ 487