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Investments (Tables)
 3 Months Ended
Mar. 31, 2020
Investments [Abstract]  
Net Realized Capital Gains (Losses)
Net Realized Capital Gains (Losses)
 
Three Months Ended March 31,
(Before tax)
2020
2019
Gross gains on sales
$
78

$
44

Gross losses on sales
(8
)
(21
)
Equity securities [1]
(386
)
132

Change in ACL on fixed maturities, AFS [2]
(12
)
 
Change in ACL on mortgage loans [2]
(2
)
 
Intent-to-sell impairments
(5
)
—

Net OTTI losses recognized in earnings
 
(2
)
Other, net [3]
104

10

Net realized capital gains (losses)
$
(231
)
$
163


[1]
The net unrealized gain (loss) on equity securities included in net realized capital gains (losses) related to equity securities still held as of March 31, 2020, was $(277) for the three months ended March 31, 2020 . The net unrealized gain (loss) on equity securities included in net realized capital gains (losses) related to equity securities still held as of March 31, 2019, was $68 for the three months ended March 31, 2019.
[2]
Represents the change in ACL recorded during the period following the adoption of accounting guidance for credit losses on January 1, 2020. For further information refer to Note 1 - Basis of Presentation and Significant Accounting Policies.
[3]
For the three months ended March 31, 2020 and 2019 gains (losses) from transactional foreign currency revaluation were $10 and $0, respectively. Also includes gains (losses) on non-qualifying derivatives of $92 and $15, respectively, for the three months ended March 31, 2020 and 2019.
Debt Securities, Available-for-sale, Allowance for Credit Loss [Table Text Block]
ACL on Fixed Maturities, AFS by Type
Three months ended March 31, 2020
(Before tax)
Corporate
Total
Balance, beginning of year
$
—

$
—

Credit losses on fixed maturities where credit losses were not previously recorded
(12
)
(12
)
Balance as of end of period
$
(12
)
$
(12
)
Impairments
Cumulative Credit Impairments on Fixed Maturities, AFS

 
Three Months Ended March 31,
(Before tax)
2019
Balance as of beginning of period
$
(19
)
Additions for credit impairments recognized on [1]:
 
Fixed maturities previously impaired
(2
)
Reductions for credit impairments previously recognized on:
 
Fixed maturities that matured or were sold during the period
3

Balance as of end of period
$
(18
)
[1]
These additions are included in the net OTTI losses recognized in earnings in the Condensed Consolidated Statements of Operations.
Schedule of Available-for-sale Securities
Fixed Maturities, AFS, by Type
 
March 31, 2020
 
December 31, 2019
 

Amortized
Cost
ACL [1]
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
 

Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Non-Credit
OTTI [2]
ABS
$
1,368

$
—

$
6

$
(26
)
$
1,348

 
$
1,461

$
18

$
(3
)
$
1,476

$
—

CLOs
2,168

—

—

(179
)
1,989

 
2,186

5

(8
)
2,183

—

CMBS
4,316

—

102

(116
)
4,302

 
4,210

141

(13
)
4,338

(4
)
Corporate
16,744

(12
)
585

(519
)
16,798

 
16,435

986

(25
)
17,396

—

Foreign govt./govt. agencies
1,058

—

28

(23
)
1,063

 
1,057

66

—

1,123

—

Municipal
8,843

—

684

(30
)
9,497

 
8,763

737

(2
)
9,498

—

RMBS
4,052

—

96

(62
)
4,086

 
4,775

97

(3
)
4,869

—

U.S. Treasuries
924

—

198

—

1,122

 
1,191

75

(1
)
1,265

—

Total fixed maturities, AFS
$
39,473

$
(12
)
$
1,699

$
(955
)
$
40,205

 
$
40,078

$
2,125

$
(55
)
$
42,148

$
(4
)
[1]
Represents the ACL recorded following the adoption of accounting guidance for credit losses on January 1, 2020. For further information refer to Note 1 - Basis of Presentation and Significant Accounting Policies.
[2]
Represents the amount of cumulative non-credit impairment losses recognized in OCI on fixed maturities that also had credit impairments. These losses are included in gross unrealized losses as of December 31, 2019.
Investments by Contractual Maturity Year
Fixed Maturities, AFS, by Contractual Maturity Year
 
March 31, 2020
 
December 31, 2019

Amortized Cost
Fair Value
 
Amortized Cost
Fair Value
One year or less
$
1,197

$
1,196

 
$
1,082

$
1,090

Over one year through five years
7,477

7,447

 
7,200

7,401

Over five years through ten years
7,032

7,053

 
7,395

7,803

Over ten years
11,863

12,784

 
11,769

12,988

Subtotal
27,569

28,480

 
27,446

29,282

Mortgage-backed and asset-backed securities
11,904

11,725

 
12,632

12,866

Total fixed maturities, AFS
$
39,473

$
40,205

 
$
40,078

$
42,148
Unrealized Gain (Loss) on Investments [Table Text Block]
Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of March 31, 2020
 
Less Than 12 Months
 
12 Months or More
 
Total
 
Fair Value
Unrealized Losses
 
Fair Value
Unrealized Losses
 
Fair Value
Unrealized Losses
ABS
$
1,045

$
(26
)
 
$
—

$
—

 
$
1,045

$
(26
)
CLOs
1,373

(123
)
 
616

(56
)
 
1,989

(179
)
CMBS
1,379

(111
)
 
18

(5
)
 
1,397

(116
)
Corporate
6,762

(493
)
 
183

(26
)
 
6,945

(519
)
Foreign govt./govt. agencies
439

(23
)
 
—

—

 
439

(23
)
Municipal
719

(30
)
 
—

—

 
719

(30
)
RMBS
1,604

(60
)
 
25

(2
)
 
1,629

(62
)
U.S. Treasuries
45

—

 
—

—

 
45

—

Total fixed maturities, AFS in an unrealized loss position
$
13,366

$
(866
)
 
$
842

$
(89
)
 
$
14,208

$
(955
)
Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of December 31, 2019
 
Less Than 12 Months
 
12 Months or More
 
Total
 
Fair Value
Unrealized Losses
 
Fair Value
Unrealized Losses
 
Fair Value
Unrealized Losses
ABS
$
398

$
(3
)
 
$
9

$
—

 
$
407

$
(3
)
CLOs
679

(2
)
 
923

(6
)
 
1,602

(8
)
CMBS
538

(7
)
 
20

(6
)
 
558

(13
)
Corporate
789

(9
)
 
328

(16
)
 
1,117

(25
)
Foreign govt./govt. agencies
101

—

 
29

—

 
130

—

Municipal
222

(2
)
 
—

—

 
222

(2
)
RMBS
614

(3
)
 
68

—

 
682

(3
)
U.S. Treasuries
88

—

 
34

(1
)
 
122

(1
)
Total fixed maturities, AFS in an unrealized loss position
$
3,429

$
(26
)
 
$
1,411

$
(29
)
 
$
4,840

$
(55
)
Financing Receivable, Allowance for Credit Loss [Table Text Block]
ACL on Mortgage Loans
 
Three Months Ended March 31,
 
2020
2019
ACL as of January 1,
$
—

$
(1
)
Cumulative effect of accounting changes [1]
(19
)
 
Adjusted beginning ACL
(19
)
(1
)
Current period provision
(2
)
—

ACL as of March 31,
$
(21
)
$
(1
)
[1]
Represents the adjustment to the ACL recorded on adoption of accounting guidance for credit losses on January 1, 2020. For further information refer to Note 1 - Basis of Presentation and Significant Accounting Policies.
Loans Credit Quality
Mortgage Loans LTV & DSCR by Origination Year as of March 31, 2020
 
2020
2019
2018
2017
2016
2015 & Prior
Total
Loan-to-value
Amortized Cost
Avg. DSCR
Amortized Cost
Avg. DSCR
Amortized Cost
Avg. DSCR
Amortized Cost
Avg. DSCR
Amortized Cost
Avg. DSCR
Amortized Cost
Avg. DSCR
Amortized Cost [1]
Avg. DSCR
65% - 80%
$
—

—
$
90

1.48x
$
175

1.80x
$
48

1.06x
$
33

1.35x
$
16

1.52x
$
362

1.57x
Less than 65%
202

2.51x
898

2.52x
523

2.01x
462

2.00x
255

2.83x
1,672

2.87x
4,012

2.56x
Total mortgage loans
$
202

2.51x
$
988

2.43x
$
698

1.96x
$
510

1.91x
$
288

2.66x
$
1,688

2.86x
$
4,374

2.48x
[1] Amortized cost of mortgage loans excludes ACL of $21.
Mortgage Loans LTV & DSCR
 
December 31, 2019
Loan-to-value
Amortized Cost
Avg. DSCR
65% - 80%
376

1.53x
Less than 65%
3,839

2.56x
Total mortgage loans
$
4,215

2.46x

Mortgage Loans by Region
 
March 31, 2020
 
December 31, 2019
 
Amortized Cost [1]
Percent of Total
 
Amortized Cost
Percent of Total
East North Central
$
285

6.5
%
 
$
270

6.4
%
Middle Atlantic
327

7.5
%
 
319

7.5
%
Mountain
118

2.7
%
 
109

2.6
%
New England
338

7.7
%
 
344

8.2
%
Pacific
966

22.1
%
 
906

21.5
%
South Atlantic
986

22.5
%
 
944

22.4
%
West North Central
44

1.0
%
 
46

1.1
%
West South Central
476

10.9
%
 
439

10.4
%
Other [2]
834

19.1
%
 
838

19.9
%
Total mortgage loans
$
4,374

100.0
%
 
$
4,215

100.0
%
[1]
Amortized cost of mortgage loans excludes ACL of $21.
[2]
Primarily represents loans collateralized by multiple properties in various regions.
Mortgage Loans by Property Type
 
March 31, 2020
 
December 31, 2019
 
Amortized Cost [1]
Percent of Total
 
Amortized Cost
Percent of Total
Commercial
 
 
 
 
 
Industrial
$
1,234

28.2
%
 
$
1,167

27.7
%
Multifamily
1,389

31.8
%
 
1,313

31.2
%
Office
741

16.9
%
 
723

17.2
%
Retail
835

19.1
%
 
735

17.4
%
Single Family
135

3.1
%
 
137

3.2
%
Other
40

0.9
%
 
140

3.3
%
Total mortgage loans
$
4,374

100.0
%
 
$
4,215

100.0
%
[1] Amortized cost of mortgage loans excludes ACL of $21.
Securities Lending and Repurchase Agreements [Table Text Block]
Securities Lending and Repurchase Agreements
 
March 31, 2020
December 31, 2019
 
Fair Value
Fair Value

Securities Lending Transactions:
 
 
Gross amount of securities on loan
$
344

$
606

Gross amount of associated liability for collateral received [1]
$
352

$
621

 
 
 
Repurchase agreements:
 
 
Gross amount of recognized receivables for reverse repurchase agreements
$
14

$
15

[1]
Cash collateral received is reinvested in fixed maturities, AFS and short-term investments which are included in the Condensed Consolidated Balance Sheets. Amount includes additional securities collateral received of $0 and $34 which are excluded from the Company's Condensed Consolidated Balance Sheets as of March 31, 2020 and December 31, 2019, respectively.