Liability For Unpaid Claims (Tables)

12 Months Ended

Dec. 31, 2020

Liability For Unpaid Claims [Abstract]



	For the Years Ended December 31,
	2020			2019			2018
Balance as of beginning-of-year	$	5,552		$	5,335		$	2,222
Reinsurance recoverable		152			143			57
Net balance as of beginning-of-year		5,400			5,192			2,165
Business acquired ⁽¹⁾		-			-			2,842
Incurred related to:
Current year		3,517			3,193			2,531
Prior years:
Interest		148			151			120
All other incurred ⁽²⁾		(209	)		(308	)		(208	)
Total incurred		3,456			3,036			2,443
Paid related to:
Current year		(1,707	)		(1,518	)		(1,197	)
Prior years		(1,366	)		(1,310	)		(1,061	)
Total paid		(3,073	)		(2,828	)		(2,258	)
Net balance as of end-of-year		5,783			5,400			5,192
Reinsurance recoverable		151			152			143
Balance as of end-of-year	$	5,934		$	5,552		$	5,335

⁽¹⁾Represents acquired group life and disability reserves, net, as of May 1, 2018. See Note 3 for additional information.

⁽²⁾All other incurred is primarily impacted by the level of claim resolutions in the period compared to that which is expected by the reserve assumption. A negative number implies a favorable result where claim resolutions were more favorable than assumed. Our claim resolution rate assumption used in determining reserves is our expectation of the resolution rate we will experience over the long-term life of the block of claims. It will vary from actual experience in any one period, both favorably and unfavorably.