Business Dispositions (Tables)

3 Months Ended

Mar. 31, 2021

Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]

Disposal Groups, Including Discontinued Operations

Carrying Value of Assets and Liabilities to be Transferred in Connection With the Sale [1]

	As of March 31, 2021		As of December 31, 2020
Assets
Investments and cash	$	137	$	142
Reinsurance recoverables and other	28		35
Total assets held for sale	165		177
Liabilities
Unpaid losses and loss adjustment expenses	77		84
Unearned premiums	23		31
Other liabilities	48		43
Total liabilities held for sale	$	148	$	158

[1] As of March 31, 2021 and December 31, 2020, the estimated fair value of the disposal group was $14 based on the estimated consideration to be received less cost to sell. Within the disposal group, as of March 31, 2021 and December 31, 2020, investments in fixed maturities and short-term investments, which are measured at fair value on a recurring basis, had a fair value of $80 and $84, respectively, of which $1 and $1, respectively, was based on quoted prices in active markets for identical assets and $79 and $83, respectively, was based on significant observable inputs. The remaining fair value less costs to sell for the disposal group as of March 31, 2021 and December 31, 2020 was ($66) and ($70), respectively, which is measured on a nonrecurring basis using significant unobservable inputs. See Note 4—Fair Value Measurements for more information