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CONSOLIDATED STATEMENTS OF SHAREHOLDER'S EQUITY - USD ($)
$ in Millions
Total
Common stock
Additional capital paid-in
Retained income
Accumulated other comprehensive income
Increase (decrease) in equity          
Cumulative effect of change in accounting principle       $ 314  
Cumulative effect of change in accounting principle | Adjustments for New Accounting Pronouncement $ (238)        
Balance, beginning of year at Dec. 31, 2017     $ 2,024 3,981 $ 845
Increase (decrease) in equity          
Gain on reinsurance with an affiliate     0    
Net income 365     365  
Dividends       (250)  
Change in unrealized net capital gains and losses (354)       (354)
Change in unrealized foreign currency translation adjustments 0       0
Balance, end of year at Dec. 31, 2018 6,692 $ 5 2,024 4,410 253
Increase (decrease) in equity          
Gain on reinsurance with an affiliate     0    
Net income 530     530  
Dividends       (75)  
Change in unrealized net capital gains and losses 679       679
Change in unrealized foreign currency translation adjustments (17)       (17)
Balance, end of year at Dec. 31, 2019 7,809 5 2,024 4,865 915
Balance, end of year (Adjustments for New Accounting Pronouncement) at Dec. 31, 2019       (49)  
Increase (decrease) in equity          
Cumulative effect of change in accounting principle 11        
Cumulative effect of change in accounting principle | Adjustments for New Accounting Pronouncement       (49)  
Gain on reinsurance with an affiliate     59    
Net income 136     136  
Dividends       0  
Change in unrealized net capital gains and losses 282       282
Change in unrealized foreign currency translation adjustments 10       10
Balance, end of year at Dec. 31, 2020 $ 8,247 $ 5 $ 2,083 $ 4,952 $ 1,207