XML 74 R62.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidating Financial Statements (details) - Consolidating Statement of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Consolidating Statement of Income        
Premiums $ 6,351 $ 6,067 $ 12,534 $ 12,048
Net investment income 598 549 1,208 1,093
Fee income 116 119 229 236
Net realized investment gains (losses) [1] 80 19 85 10
Other revenues 39 31 70 84
Total revenues 7,184 6,785 14,126 13,471
Claims and claim adjustment expenses 4,225 3,762 8,319 7,474
Amortization of deferred acquisition costs 1,032 989 2,035 1,960
General and administrative expenses 1,045 1,054 2,041 2,049
Interest expense 92 93 181 184
Total claims and expenses 6,394 5,898 12,576 11,667
Income before income taxes 790 887 1,550 1,804
Income tax expense (benefit) 195 223 338 449
Net income 595 664 1,212 1,355
Total other-than-temporary impairment losses (5) (4) (6) (32)
Other-than-temporary impairment losses recognized in net realized investment gains (losses) (5) (4) (7) (22)
Other-than-temporary impairment gains (losses) recognized in other comprehensive income 0 0 1 (10)
Reportable Legal Entities [Member] | TPC [Member]        
Consolidating Statement of Income        
Premiums 4,345 4,161 8,573 8,246
Net investment income 401 377 813 753
Fee income 116 119 229 236
Net realized investment gains (losses) (4) (1) (8) (17)
Other revenues 30 33 54 81
Total revenues 4,888 4,689 9,661 9,299
Claims and claim adjustment expenses 2,851 2,575 5,603 5,095
Amortization of deferred acquisition costs 693 666 1,361 1,316
General and administrative expenses 737 743 1,440 1,447
Interest expense 12 12 24 24
Total claims and expenses 4,293 3,996 8,428 7,882
Income before income taxes 595 693 1,233 1,417
Income tax expense (benefit) 157 191 287 390
Net income 438 502 946 1,027
Total other-than-temporary impairment losses (2) (3) (2) (17)
Other-than-temporary impairment losses recognized in net realized investment gains (losses) (2) (3) (3) (12)
Other-than-temporary impairment gains (losses) recognized in other comprehensive income     1 (5)
Reportable Legal Entities [Member] | Other Subsidiaries [Member]        
Consolidating Statement of Income        
Premiums 2,006 1,906 3,961 3,802
Net investment income 191 168 385 334
Net realized investment gains (losses) 25 20 34 27
Other revenues 12 1 21 17
Total revenues 2,234 2,095 4,401 4,180
Claims and claim adjustment expenses 1,374 1,187 2,716 2,379
Amortization of deferred acquisition costs 339 323 674 644
General and administrative expenses 305 313 597 611
Total claims and expenses 2,018 1,823 3,987 3,634
Income before income taxes 216 272 414 546
Income tax expense (benefit) 54 69 108 138
Net income 162 203 306 408
Total other-than-temporary impairment losses (3) (1) (4) (15)
Other-than-temporary impairment losses recognized in net realized investment gains (losses) (3) (1) (4) (10)
Other-than-temporary impairment gains (losses) recognized in other comprehensive income       (5)
Reportable Legal Entities [Member] | TRV [Member]        
Consolidating Statement of Income        
Net investment income 6 4 10 6
Net realized investment gains (losses) 59   59  
Total revenues 65 4 69 6
General and administrative expenses 6 1 9 5
Interest expense 80 81 157 160
Total claims and expenses 86 82 166 165
Income before income taxes (21) (78) (97) (159)
Income tax expense (benefit) (16) (37) (57) (79)
Net income of subsidiaries 600 705 1,252 1,435
Net income 595 664 1,212 1,355
Eliminations [Member]        
Consolidating Statement of Income        
Other revenues (3) (3) (5) (14)
Total revenues (3) (3) (5) (14)
General and administrative expenses (3) (3) (5) (14)
Total claims and expenses (3) (3) (5) (14)
Net income of subsidiaries (600) (705) (1,252) (1,435)
Net income $ (600) $ (705) $ (1,252) $ (1,435)
[1] Total other-than-temporary impairment (OTTI) losses were $(5) million and $(4) million for the three months ended June 30, 2017 and 2016, respectively, and $(6) million and $(32) million for the six months ended June 30, 2017 and 2016, respectively. Of total OTTI, credit losses of $(5) million and $(4) million for the three months ended June 30, 2017 and 2016, respectively, and $(7) million and $(22) million for the six months ended June 30, 2017 and 2016, 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 June 30, 2017 and 2016, and $1 million and $(10) million for the six months ended June 30, 2017 and 2016, respectively, were recognized in other comprehensive income as part of changes in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.