Business Dispositions Level 1 (Notes)

3 Months Ended

Mar. 31, 2017

Business Combinations [Abstract]

Mergers, Acquisitions and Dispositions Disclosures [Text Block]

Sale of U.K. business

On July 26, 2016, the Company announced it had entered into an agreement to sell its U.K. property and casualty run-off subsidiaries, Hartford Financial Products International Limited and Downlands Liability Management Limited, in a cash transaction to Catalina Holdings U.K. Limited ("buyer"), for approximately $262, net of transaction costs. The Company's U.K. property and casualty run-off subsidiaries are included in the P&C Other Operations reporting segment. Revenues and earnings are not material to the Company's consolidated results of operations for the three months ended March 31, 2017 and 2016.

The pending sale resulted in a total estimated after-tax capital loss from the transaction of $5 in the year ended December 31, 2016. The accrual for the estimated before tax loss is included as a reduction of the carrying value of assets held for sale in the Company's Condensed Consolidated Balance Sheets as of March 31, 2017. The transaction is expected to close in the second quarter of 2017, subject to customary closing conditions.

Carrying Values of the Assets and Liabilities to be Transferred by the Company to the Buyer in Connection with the Sale

	Carrying Value as of
	March 31, 2017	December 31, 2016
Assets
Cash and investments	$657	$657
Reinsurance recoverables and other [1]	266	213
Total assets held for sale	$923	$870
Liabilities
Reserve for future policy benefits and unpaid losses and loss adjustment expenses	$646	$600
Other liabilities	15	11
Total liabilities held for sale	$661	$611

[1] Includes intercompany reinsurance recoverables of $69 and $71 to be settled in cash or securities prior to closing as of March 31, 2017 and December 31, 2016, respectively.