Schedule V - Valuation Allowances and Qualifying Accounts

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule V — Valuation Allowances and Qualifying Accounts

Schedule V — Valuation Allowances and Qualifying Accounts

($ in millions)			Additions
Description	Balance as of beginning of period (1)		Charged to costs and expenses		Other additions		Deductions		Balance as of end of period
Year ended December 31, 2020
Fixed income securities	$	—	$	5	$	—	$	2	$	3
Mortgage loans	45		39		—		17		67
Other investments
Bank loans	53		28		—		14		67
Agent loans	5		—		—		—		5
Investments	103		72		—		33		142
Premium installment receivable	91		223		—		161		153
Reinsurance recoverables	74		—		—		—		74
Other assets	18		5		—		—		23
Assets	286		300		—		194		392
Commitments to fund mortgage loans, bank loans and agent loans	3		—		—		2		1
Liabilities	3		—		—		2		1
Total	$	289	$	300	$	—	$	196	$	393
Year ended December 31, 2019
Reinsurance recoverables	$	65	$	(2)	$	—	$	—	$	63
Premium installment receivable	77		137		—		124		90
Deferred tax assets	—		—		—		—		—
Mortgage loans	3		—		—		—		3
Agent loans	2		1		—		—		3
Year ended December 31, 2018
Reinsurance recoverables	$	70	$	(5)	$	—	$	—	$	65
Premium installment receivable	77		118		—		118		77
Deferred tax assets	—		—		—		—		—
Mortgage loans	3		—		—		—		3
Agent loans	2		—		—		—		2

(1)Effective January 1, 2020, the Company adopted the measurement of credit losses on financial instruments accounting standard that primarily affected mortgage loans, bank loans and reinsurance recoverables. After consideration of existing valuation allowances maintained prior to adopting the new guidance, the Company increased its valuation allowances for credit losses at January 1, 2020 to conform to the new requirements.