Dispositions - Dispositions (Tables)

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Effects of Reinsurance [Table Text Block]

The Company entered into reinsurance transactions with Brighthouse in the normal course of business and such transactions will continue based upon business needs. Information regarding the significant effects of reinsurance transactions with Brighthouse was as follows:

	Included on Consolidated Statements of Operations									Excluded from Consolidated Statements of Operations
	Years Ended December 31,									Years Ended December 31,
	2019			2018			2017 (1)			2017 (2)
	(In millions)
Premiums
Reinsurance assumed	$	387		$	401		$	183		$	248
Reinsurance ceded	(8		)	(13		)	(4		)	(7		)
Net premiums	$	379		$	388		$	179		$	241
Universal life and investment-type product policy fees
Reinsurance assumed	$	(16	)	$	7		$	(4	)	$	(6	)
Reinsurance ceded	(52		)	(96		)	(44		)	(55		)
Net universal life and investment-type product policy fees	$	(68	)	$	(89	)	$	(48	)	$	(61	)
Policyholder benefits and claims
Reinsurance assumed	$	323		$	328		$	150		$	196
Reinsurance ceded	(46		)	(36		)	(22		)	(16		)
Net policyholder benefits and claims	$	277		$	292		$	128		$	180
Interest credited to policyholder account balances
Reinsurance assumed	$	13		$	14		$	6		$	10
Reinsurance ceded	(75		)	(71		)	(30		)	(42		)
Net interest credited to policyholder account balances	$	(62	)	$	(57	)	$	(24	)	$	(32	)
Other expenses
Reinsurance assumed	$	96		$	105		$	39		$	10
Reinsurance ceded	(17		)	(29		)	7			(28		)
Net other expenses	$	79		$	76		$	46		$	(18	)

__________________

(1) Includes transactions after the Separation.

(2)

Includes transactions prior to the Separation.

The amounts on the consolidated balance sheets include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows at:

	December 31,
	2019									2018
	Direct		Assumed		Ceded			Total Balance Sheet		Direct		Assumed		Ceded			Total Balance Sheet
	(In millions)
Assets
Premiums, reinsurance and other receivables	$	6,814	$	2,190	$	11,439		$	20,443	$	5,988	$	1,603	$	12,053		$	19,644
Deferred policy acquisition costs and value of business acquired	17,822		301		(290		)	17,833		18,812		385		(302		)	18,895
Total assets	$	24,636	$	2,491	$	11,149		$	38,276	$	24,800	$	1,988	$	11,751		$	38,539
Liabilities
Future policy benefits	$	191,403	$	3,506	$	—		$	194,909	$	183,367	$	3,413	$	—		$	186,780
Policyholder account balances	192,328		299		—			192,627		183,207		488		(2		)	183,693
Other policy-related balances	15,806		1,351		14			17,171		15,519		986		24			16,529
Other liabilities	16,165		2,402		5,612			24,179		14,848		2,131		5,985			22,964
Total liabilities	$	415,702	$	7,558	$	5,626		$	428,886	$	396,941	$	7,018	$	6,007		$	409,966

The amounts on the consolidated statements of operations include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows:

	Years Ended December 31,
	2019			2018			2017
	(In millions)
Premiums
Direct premiums	$	42,513		$	44,199		$	39,595
Reinsurance assumed	2,020			2,021			1,773
Reinsurance ceded	(2,298		)	(2,380		)	(2,376		)
Net premiums	$	42,235		$	43,840		$	38,992
Universal life and investment-type product policy fees
Direct universal life and investment-type product policy fees	$	6,109		$	6,008		$	5,978
Reinsurance assumed	56			86			83
Reinsurance ceded	(562		)	(592		)	(551		)
Net universal life and investment-type product policy fees	$	5,603		$	5,502		$	5,510
Policyholder benefits and claims
Direct policyholder benefits and claims	$	42,094		$	43,456		$	39,354
Reinsurance assumed	1,584			1,583			1,388
Reinsurance ceded	(2,217		)	(2,383		)	(2,429		)
Net policyholder benefits and claims	$	41,461		$	42,656		$	38,313
Other expenses
Direct other expenses	$	13,559		$	13,704		$	13,610
Reinsurance assumed	382			321			246
Reinsurance ceded	(252		)	(311		)	(235		)
Net other expenses	$	13,689		$	13,714		$	13,621

Disposal Groups, Including Discontinued Operations [Table Text Block]

	For the Year Ended  December 31,
	2017
	(In millions)
Revenues
Premiums	$	820
Universal life and investment-type product policy fees	2,201
Net investment income	1,783
Other revenues	150
Total net investment gains (losses)	(48		)
Net derivative gains (losses)	(1,061		)
Total revenues	3,845
Expenses
Policyholder benefits and claims	2,217
Interest credited to policyholder account balances	620
Policyholder dividends	16
Other expenses	853
Total expenses	3,706
Income (loss) from discontinued operations before provision for income tax and loss on disposal of discontinued operations	139
Provision for income tax expense (benefit)	(46		)
Income (loss) from discontinued operations before loss on disposal of discontinued operations, net of income tax	185
Transaction costs associated with the Separation, net of income tax	(216		)
Tax charges associated with the Separation	(955		)
Income (loss) on disposal of discontinued operations, net of income tax	(1,171		)
Income (loss) from discontinued operations, net of income tax	$	(986	)

In the consolidated statements of cash flows, the cash flows from discontinued operations are not separately classified. The following table presents selected financial information regarding cash flows of the discontinued operations.

	For the Year Ended December 31,
	2017
	(In millions)
Net cash provided by (used in):
Operating activities	$	1,329
Investing activities	$	(2,732	)
Financing activities	$	(367	)