XML 108 R41.htm IDEA: XBRL DOCUMENT v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Rollforward of allowance for credit losses related to the adoption of the Financial Instruments Credit Losses Standard) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Summary of Significant Accounting Policies [Line Items]          
Securities available for sale, balance, beginning of year $ 211   $ 0    
Securities available for sale, purchased credit deteriorated initial allowance and purchases of available for sale debt securites accounted for as PCD assets 20   33    
Securities available for sale, incremental increase (decrease) recognized in income 29   227    
Securities available for sale, write-offs and other changes in the allowance (62)   (62)    
Securities available for sale, balance, end of period 198   198    
Mortgage and other loan receivables, balance, beginning of year 787 $ 422 438 $ 397  
Mortgage and other loan receivables, incremental increase (decrease) recognized in income 19 (15) 50 10  
Mortgage and other loans receivable, write-offs and other changes in the allowance (12) 0 (12) 0  
Mortgage and other loan receivables, balance, end of period 794 $ 407 794 $ 407  
Reinsurance recoverables, balance, beginning of year 362   151    
Reinsurance recoverables, incremental increase (decrease) recognized in income 7   5    
Reinsurance recoverables, write-offs and other changes in allowance (5)   (16)    
Reinsurance recoverables, balance, end of period 364   364    
Premiums and other receivables, balance, beginning of year 210   178    
Premiums and other receivables, incremental increase (decrease) recognized in income 2   2    
Premiums and other receivables, write-offs and other changes in the allowance 0   (2)    
Premiums and other receivables, balance, end of period 212   212    
Contractual deductible recoverables, balance, beginning of year 14   0    
Contractual deductible recoverables, incremental increase (decrease) recognized in income 0   0    
Contractual deductible recoverables, write-offs and other changes in the allowance 0   0    
Contractual deductible recoverables, balance, end of period 14   14    
Commercial mortgage loan commitments, balance, beginning of year 58   0    
Commercial mortgage loan commitments, incremental increase (decrease) recognized in income 0   7    
Commercial mortgage loan commitments, write-offs and other changes in the allowance 0   0    
Commercial mortgage loan commitments, balance, end of period 58   58    
Total, beginning of year 1,642   767    
Total, incremental increase (decrease) recognized in income 57   291    
Total, write-offs and other changes in the allowance (79)   (92)    
Total, end of period 1,640   1,640    
Retained earnings (15,847)   (15,847)   $ (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   0    
Mortgage and other loan receivables, balance, beginning of year 0   318    
Reinsurance recoverables, balance, beginning of year 0   224    
Premiums and other receivables, balance, beginning of year 0   34    
Contractual deductible recoverables, balance, beginning of year 0   14    
Commercial mortgage loan commitments, balance, beginning of year 0   51    
Total, beginning of year $ 0   641    
Secondary impacts to certain long-duration insurance contracts     (27)    
Tax impact     $ (127)    
Retained earnings         $ 487