XML 129 R73.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Deferred Policy Acquisition Costs - Progression of deferred policy acquisition costs (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Movement Analysis of Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]      
Deferred policy acquisition costs and present value of future profits, beginning balance $ 1,682 $ 1,216 $ 1,239
Deferred policy acquisition costs and present value of future profits, additions 952 940 817
Deferred policy acquisition costs and present value of future profits, periodic amortization (860) (908) (744)
Deferred policy acquisition costs and present value of future profits, annuity unlocking (77) 29 41
Deferred policy acquisition costs and present value of future profits, change included in realized gains 9 15 10
Deferred policy acquisition costs and present value of future profits, foreign currency translation 0 (2) 0
Deferred policy acquisition costs and present value of future profits, other     10
Deferred policy acquisition costs and present value of future profits, change in unrealized (669) 392 (157)
Deferred policy acquisition costs and present value of future profits, ending balance 1,037 1,682 1,216
Property and casualty insurance      
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]      
Deferred policy acquisition costs, beginning balance 299 270 238
Deferred policy acquisition costs, additions 744 675 588
Deferred policy acquisition costs, periodic amortization (721) (644) (556)
Deferred policy acquisition costs, foreign currency translation 0 (2) 0
Deferred policy acquisition costs, ending balance 322 299 270
Annuity and Other      
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]      
Deferred policy acquisition costs, beginning balance 1,285 1,217 1,110
Deferred policy acquisition costs, additions 206 263 225
Deferred policy acquisition costs, periodic amortization (120) (238) (161)
Deferred policy acquisition costs, annuity unlocking (76) 29 34
Deferred policy acquisition costs, change included in realized gains 8 14 9
Deferred policy acquisition costs, ending balance 1,303 1,285 1,217
Movement in Deferred Sales Inducements [Roll Forward]      
Deferred sales inducements, beginning balance 86 102 110
Deferred sales inducements, additions 2 2 4
Deferred sales inducements, periodic amortization (13) (19) (19)
Deferred sales inducements, annuity unlocking (1) 0 6
Deferred sales inducements, change included in realized gains 1 1 1
Deferred sales inducements, ending balance 75 86 102
Movement in Present Value of Future Insurance Profits [Roll Forward]      
Present value of future profits, beginning balance 42 49 46
Present value of future profits, periodic amortization (6) (7) (8)
Present value of future profits, annuity unlocking 0 0 1
Present value of future profits, other     10
Present value of future profits, ending balance 36 42 49
Movement in Unrealized Gains (Losses) Related to Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]      
Unrealized investment gains (losses), beginning balance [1] (30) (422) (265)
Unrealized investment gains (losses), change in unrealized [1] (669) 392 (157)
Unrealized investment gains (losses), ending balance [1] (699) (30) (422)
Movement Analysis of Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]      
Deferred policy acquisition costs and present value of future profits, beginning balance 1,383 946 1,001
Deferred policy acquisition costs and present value of future profits, additions 208 265 229
Deferred policy acquisition costs and present value of future profits, periodic amortization (139) (264) (188)
Deferred policy acquisition costs and present value of future profits, annuity unlocking (77) 29 41
Deferred policy acquisition costs and present value of future profits, change included in realized gains 9 15 10
Deferred policy acquisition costs and present value of future profits, other     10
Deferred policy acquisition costs and present value of future profits, change in unrealized (669) 392 (157)
Deferred policy acquisition costs and present value of future profits, ending balance 715 1,383 946
Excluding Unrealized Gains | Annuity and Other      
Movement Analysis of Deferred Policy Acquisition Costs and Present Value of Future Profits [Roll Forward]      
Deferred policy acquisition costs and present value of future profits, beginning balance 1,413 1,368 1,266
Deferred policy acquisition costs and present value of future profits, change in unrealized 0 0 0
Deferred policy acquisition costs and present value of future profits, ending balance $ 1,414 $ 1,413 $ 1,368
[1]
Adjustments to DPAC related to net unrealized gains/losses on securities and cash flow hedges.