Business Acquisitions (Tables)

9 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

Reconciliation of the Major Line Items Constituting Pretax Profit (Loss) of Discontinued Operations

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Revenues
Earned premiums	$	—		$	27		$	39		$	97
Fee income and other	—			217			382			665
Net investment income	—			326			519			964
Net realized capital gains (losses)	4			(29		)	(68		)	(53		)
Total revenues	4			541			872			1,673
Benefits, losses and expenses
Benefits, losses and loss adjustment expenses	—			356			535			1,036
Amortization of DAC	—			15			58			58
Insurance operating costs and other expenses [1]	(5		)	93			157			275
Total benefits, losses and expenses	(5		)	464			750			1,369
Income before income taxes	9			77			122			304
Income tax expense (benefit)	(7		)	(12		)	2			28
Income from operations of discontinued operations, net of tax	16			89			120			276
Net realized capital gain (loss) on disposal, net of tax	(11		)	—			202			—
Income from discontinued operations, net of tax	$	5		$	89		$	322		$	276

[1]Corporate allocated overhead has been included in continuing operations.

Major Classes of Assets and Liabilities Transferred to the Buyer in Connection with the Sale

	Carrying Value as of Closing			Carrying Value as of 12/31/2017
Assets
Cash and investments	$	27,058		$	30,135
Reinsurance recoverables	20,718			20,785
Loss accrual [1]	(3,044		)	(3,257		)
Other assets	2,907			1,439
Separate account assets	110,773			115,834
Total assets held for sale	158,412			164,936
Liabilities
Reserve for future policy benefits and unpaid loss and loss adjustment expenses	$	14,308		$	14,482
Other policyholder funds and benefits payable	28,680			29,228
Long-term debt	142			142
Other liabilities	2,222			2,756
Separate account liabilities	110,773			115,834
Total liabilities held for sale	$	156,125		$	162,442

[1] Represents the estimated accrued loss on sale of the Company's life and annuity run-off business.

Cash Flows from Discontinued Operations

	Nine Months Ended September 30,
	2018			2017
Net cash provided by operating activities from discontinued operations	$	603		$	612
Net cash provided by investing activities from discontinued operations	$	463		$	266
Net cash used in financing activities from discontinued operations [1]	$	(737	)	$	(595	)
Cash paid for interest	$	—		$	2

[1] Excludes return of capital to parent of $619 and $598 for the nine months ended September 30, 2018 and 2017, respectively.

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Fair Value of Assets Acquired and Liabilities Assumed at the Acquisition Date

	Preliminary Value as of November 1, 2017 (as previously reported as of December 31, 2017)		Measurement Period Adjustments			As Adjusted Value as of November 1, 2017
Assets
Cash and invested assets [1]	$	3,360	$	45		$	3,405
Premiums receivable	96		7			103
Deferred income taxes, net	56		13			69
Other intangible assets	629		—			629
Property and equipment	68		—			68
Reinsurance recoverables	—		31			31
Other assets	16		(16		)	—
Total Assets Acquired	4,225		80			4,305
Liabilities
Unpaid losses and loss adjustment expenses	2,833		71			2,904
Reserve for future policy benefits payable	346		1			347
Other policyholder funds and benefits payable	245		1			246
Unearned premiums	3		1			4
Other liabilities	69		6			75
Total Liabilities Assumed	3,496		80			3,576
Net identifiable assets acquired	729		—			729
Goodwill [2]	723		—			723
Net Assets Acquired	$	1,452	$	—		$	1,452

[1] Includes $45 of cash received from Aetna in October 2018 in settlement of the final balance sheet and reported as a receivable in other assets in the Condensed Consolidated Balance Sheet as of September 30, 2018.

[2] Approximately $610 is deductible for income tax purposes.

Business Acquisition, Pro Forma Information

Pro Forma Results

	Three months ended September 30, 2017 [1]		Nine months ended September 30, 2017 [1]
Total Revenue	$	4,777	$	14,309
Net Income	$	249	$	619

[1]Pro forma adjustments include the revenue and earnings of the Aetna U.S. group life and disability business as well as amortization of identifiable intangible assets acquired and the fair value adjustment to acquired insurance reserves. Pro forma adjustments do not include retrospective adjustments to defer and amortize acquisition costs as would be recorded under the Company’s accounting policy.