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SEGMENT INFORMATION (Details - Schedule of continuing operations by operating segment, reconciling items) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Reconciling items from adjusted pre-tax income (loss) to pre-tax income (loss):        
Changes in fair value of equity securities $ 330 $ 341 $ (72) $ 866
Loss on extinguishment of debt 0 (15) (17) (13)
Net investment income 3,366 3,745 5,874 7,624
Net realized and unrealized gains (losses) on embedded derivatives (2,332) 404 1,187 (42)
Income (loss) from divested business (8,412) (1) (8,628) 5
Net loss reserve discount charge (16) (212) (72) (685)
Revenues 9,396 12,561 23,839 25,017
Adjusted Pre-tax Income (Loss) (9,661) 1,837 (7,103) 2,991
Excluding Fortitude Re funds withheld assets        
Reconciling items from adjusted pre-tax income (loss) to pre-tax income (loss):        
Net investment income 3,250 3,745 5,758 7,624
Net realized and unrealized gains (losses) on embedded derivatives (1,591) 404 1,928 (42)
Fortitude Re funds withheld assets        
Reconciling items from adjusted pre-tax income (loss) to pre-tax income (loss):        
Net investment income [1] 116 0 116 0
Net realized and unrealized gains (losses) on embedded derivatives [1] 96 0 96 0
Fortitude Re funds withheld embedded derivative        
Reconciling items from adjusted pre-tax income (loss) to pre-tax income (loss):        
Net realized and unrealized gains (losses) on embedded derivatives (837) 0 [1] (837) 0 [1]
Reconciling items from adjusted pre-tax income to pre-tax income | Total Revenues        
Reconciling items from adjusted pre-tax income (loss) to pre-tax income (loss):        
Changes in fair values of securities used to hedge guaranteed living benefits 14 84 28 189
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains (losses) 0 0 0 0
Changes in fair value of equity securities 56 (22) (135) 57
Other income (expense) - net 14 4 23 11
Loss on extinguishment of debt 0 0 0 0
Net realized capital gains (losses) (1,632) 335 1,853 (154)
Income (loss) from divested business 0 0 0 0
Non-operating litigation reserves and settlements 0 0 6 0
(Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements 0 0 0 0
Net loss reserve discount charge 0 0 0 0
Integration and transaction costs associated with acquired business 0 0 0 0
Restructuring and other costs 0 0 0 0
Non-recurring costs related to regulatory or accounting changes 0 0 0 0
Reconciling items from adjusted pre-tax income to pre-tax income | Total Revenues | Fortitude Re funds withheld assets        
Reconciling items from adjusted pre-tax income (loss) to pre-tax income (loss):        
Net investment income 116 0 116 0
Net realized and unrealized gains (losses) on embedded derivatives 96 0 96 0
Reconciling items from adjusted pre-tax income to pre-tax income | Total Revenues | Fortitude Re funds withheld embedded derivative        
Reconciling items from adjusted pre-tax income (loss) to pre-tax income (loss):        
Net realized and unrealized gains (losses) on embedded derivatives (837) 0 (837) 0
Reconciling items from adjusted pre-tax income to pre-tax income | Adjusted Pre-Tax Income (loss)        
Reconciling items from adjusted pre-tax income (loss) to pre-tax income (loss):        
Changes in fair values of securities used to hedge guaranteed living benefits 16 75 9 171
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains (losses) 255 (73) (283) 26
Changes in fair value of equity securities 56 (22) (135) 57
Other income (expense) - net 0 0 0 0
Loss on extinguishment of debt 0 (15) (17) (13)
Net realized capital gains (losses) (1,619) 351 1,883 (123)
Income (loss) from divested business (8,412) (1) (8,628) 5
Non-operating litigation reserves and settlements 0 0 6 (1)
(Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements 33 125 41 152
Net loss reserve discount charge (16) (212) (72) (685)
Integration and transaction costs associated with acquired business (4) (6) (6) (13)
Restructuring and other costs (134) (60) (224) (107)
Non-recurring costs related to regulatory or accounting changes (14) (2) (27) (2)
Reconciling items from adjusted pre-tax income to pre-tax income | Adjusted Pre-Tax Income (loss) | Fortitude Re funds withheld assets        
Reconciling items from adjusted pre-tax income (loss) to pre-tax income (loss):        
Net investment income 116 0 116 0
Net realized and unrealized gains (losses) on embedded derivatives 96 0 96 0
Reconciling items from adjusted pre-tax income to pre-tax income | Adjusted Pre-Tax Income (loss) | Fortitude Re funds withheld embedded derivative        
Reconciling items from adjusted pre-tax income (loss) to pre-tax income (loss):        
Net realized and unrealized gains (losses) on embedded derivatives $ (837) $ 0 $ (837) $ 0
[1] Represents activity subsequent to the deconsolidation of Fortitude Re on June 2, 2020.