XML 79 R67.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidating Financial Statements (Details) - Consolidating Statement of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Consolidating Statement of Income        
Premiums $ 6,882 $ 6,523 $ 20,114 $ 19,057
Net investment income 646 588 1,844 1,796
Fee income 109 113 324 342
Net realized investment gains (losses) [1] 29 61 54 146
Other revenues 57 40 150 110
Total revenues 7,723 7,325 22,486 21,451
Claims and claim adjustment expenses 4,655 4,806 13,513 13,125
Amortization of deferred acquisition costs 1,117 1,059 3,259 3,094
General and administrative expenses 1,059 1,045 3,234 3,086
Interest expense 86 95 265 276
Total claims and expenses 6,917 7,005 20,271 19,581
Income before income taxes 806 320 2,215 1,870
Income tax expense (benefit) 97 27 313 365
Net income 709 293 1,902 1,505
Total other-than-temporary impairment losses 0 (5) (1) (11)
Other-than-temporary impairment losses recognized in net realized investment gains (losses)   (5)   (12)
Other-than-temporary impairment losses recognized in net realized investment gains (losses) 0   (1)  
Other-than-temporary impairment losses recognized in other comprehensive income     0  
Other-than-temporary impairment gains recognized in other comprehensive income 0 0   1
Reportable Legal Entities [Member] | TPC [Member]        
Consolidating Statement of Income        
Premiums 4,715 4,466 13,760 13,039
Net investment income 444 405 1,268 1,218
Fee income 108 113 323 342
Net realized investment gains (losses) 13 6 33 (2)
Other revenues 29 21 69 75
Total revenues 5,309 5,011 15,453 14,672
Claims and claim adjustment expenses 3,149 3,191 9,123 8,794
Amortization of deferred acquisition costs 757 716 2,189 2,077
General and administrative expenses 728 723 2,223 2,163
Interest expense 12 12 36 36
Total claims and expenses 4,646 4,642 13,571 13,070
Income before income taxes 663 369 1,882 1,602
Income tax expense (benefit) 104 74 314 361
Net income 559 295 1,568 1,241
Total other-than-temporary impairment losses   (2) (1) (4)
Other-than-temporary impairment losses recognized in net realized investment gains (losses)   (2)   (5)
Other-than-temporary impairment losses recognized in net realized investment gains (losses)     (1)  
Other-than-temporary impairment gains recognized in other comprehensive income       1
Reportable Legal Entities [Member] | Other Subsidiaries [Member]        
Consolidating Statement of Income        
Premiums 2,167 2,057 6,354 6,018
Net investment income 193 189 553 574
Fee income 1   1  
Net realized investment gains (losses) 9 56 13 90
Other revenues 30 21 85 42
Total revenues 2,400 2,323 7,006 6,724
Claims and claim adjustment expenses 1,506 1,615 4,390 4,331
Amortization of deferred acquisition costs 360 343 1,070 1,017
General and administrative expenses 326 314 997 911
Total claims and expenses 2,192 2,272 6,457 6,259
Income before income taxes 208 51 549 465
Income tax expense (benefit) 36 17 89 125
Net income 172 34 460 340
Total other-than-temporary impairment losses   (3)   (7)
Other-than-temporary impairment losses recognized in net realized investment gains (losses)   (3)   (7)
Reportable Legal Entities [Member] | TRV [Member]        
Consolidating Statement of Income        
Net investment income 9 7 23 17
Net realized investment gains (losses) 7 (1) 8 58
Total revenues 16 6 31 75
General and administrative expenses 7 10 18 19
Interest expense 74 83 229 240
Total claims and expenses 81 93 247 259
Income before income taxes (65) (87) (216) (184)
Income tax expense (benefit) (43) (60) (90) (117)
Net income of subsidiaries 731 329 2,028 1,581
Net income 709 302 1,902 1,514
Eliminations [Member]        
Consolidating Statement of Income        
Net investment income   (13)   (13)
Other revenues (2) (2) (4) (7)
Total revenues (2) (15) (4) (20)
General and administrative expenses (2) (2) (4) (7)
Total claims and expenses (2) (2) (4) (7)
Income before income taxes   (13)   (13)
Income tax expense (benefit)   (4)   (4)
Net income of subsidiaries (731) (329) (2,028) (1,581)
Net income $ (731) $ (338) $ (2,028) $ (1,590)
[1] Total other-than-temporary impairment (OTTI) losses were $0 million and $(5) million for the three months ended September 30, 2018 and 2017, respectively, and $(1) million and $(11) million for the nine months ended September 30, 2018 and 2017, respectively. Of total OTTI, credit losses of $0 million and $(5) million for the three months ended September 30, 2018 and 2017, respectively, and $(1) million and $(12) million for the nine months ended September 30, 2018 and 2017, respectively, were recognized in net realized investment gains. In addition, unrealized gains (losses) from other changes in total OTTI of $0 million for each of the three months ended September 30, 2018 and 2017, respectively, and $0 million and $1 million for the nine months ended September 30, 2018 and 2017, respectively, were recognized in other comprehensive income (loss) as part of changes in net unrealized gains (losses) on investment securities having credit losses recognized in the consolidated statement of income.