XML 69 R48.htm IDEA: XBRL DOCUMENT v3.22.1
Related Party Transactions - Narrative and Other (Details) - USD ($)
3 Months Ended 12 Months Ended
Nov. 08, 2021
Nov. 01, 2021
Jun. 30, 2021
May 01, 2021
Apr. 01, 2021
Dec. 01, 2020
Dec. 02, 2016
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 16, 2019
Dec. 31, 2018
Dec. 22, 2016
Related Party Transactions                              
Allocation of operating expenses                   $ 136,000,000 $ 191,000,000 $ 211,000,000      
Cash               $ 217,000,000   217,000,000 36,000,000        
Notes due to related parties               0   0 214,000,000        
Interest expense                   7,000,000 5,000,000 5,000,000      
Decrease in invested assets   $ 171,000,000                          
Decrease in cash   16,000,000                          
Decrease in DAC   31,000,000                          
Decrease in contractholder funds   146,000,000                          
Decrease in reserve for life-contingent benefits   49,000,000                          
Total investments               25,189,000,000   25,189,000,000 34,798,000,000        
Deferred policy acquisition costs               1,112,000,000   1,112,000,000 973,000,000 947,000,000   $ 1,232,000,000  
Reserve for life-contingent contract benefits               9,119,000,000   9,119,000,000 11,800,000,000        
Contractholder funds               13,394,000,000   13,394,000,000 16,481,000,000 16,711,000,000   $ 17,470,000,000  
Reinsurance recoverable               6,645,000,000   6,645,000,000 1,989,000,000        
Surplus note                   6,694,000,000 5,335,000,000 4,406,000,000      
Funds withheld payable to affiliate               $ 5,630,000,000   5,630,000,000 0        
Investment expense                   $ 61,000,000 81,000,000 104,000,000      
Triple net lease, investment percentage               66.67%   66.67%          
Variable interest entity, fixed income securities               $ 237,000,000   $ 237,000,000          
Variable interest entity, limited partnership interests               29,000,000   29,000,000          
Retained income                              
Related Party Transactions                              
Gain (losses) on reinsurance with affiliates   (24,000,000)               (35,000,000)          
Liquidity agreement                              
Related Party Transactions                              
Amount of loan outstanding under agreement               0   0 0        
Liquidity agreement | Maximum                              
Related Party Transactions                              
Amount available for borrowings under the agreement                   1,000,000,000          
Intercompany loan agreement                              
Related Party Transactions                              
Amount of loan outstanding under agreement               0   0 0        
Intercompany loan agreement | Maximum                              
Related Party Transactions                              
Amount available for borrowings under the agreement                   1,000,000,000          
Revolving loan credit agreement                              
Related Party Transactions                              
Amount of loan outstanding under agreement               0   0 0        
Capital support agreement                              
Related Party Transactions                              
Amount of loan outstanding under agreement               0   $ 0 0        
Commitment fee as a percentage of the amount of the capital and surplus maximum that remains available at the beginning of the period                   1.00%          
Capital support agreement | Maximum                              
Related Party Transactions                              
Amount available for borrowings under the agreement                   $ 1,000,000,000          
Capital support agreement | Minimum                              
Related Party Transactions                              
Percentage of risk-based capital ratio                   150.00%          
Minimum risk-based capital ratio at which agreement will be terminated (as a percent)                   300.00%          
Voting stock to be held as per agreement (as a percent)                   50.00%          
Affiliate                              
Related Party Transactions                              
Reinsurance recoverable               $ 4,937,000,000   $ 4,937,000,000 0        
Blackstone Managed Direct Lending Securitization Structure ("Azul")                              
Related Party Transactions                              
Variable interest entity, ownership percentage               100.00%              
Variable interest entity, directly originated corporate loans               $ 937,000,000   937,000,000          
Variable interest entity, cash               32,000,000   32,000,000          
Blackstone Managed Aviation Loan Securitization Structure ("Maybay")                              
Related Party Transactions                              
Variable interest entity, cash               2,000,000   2,000,000          
Variable interest entity, aviation loans               197,000,000   197,000,000          
Structured settlement annuities | AIC                              
Related Party Transactions                              
Reserve for life-contingent contract benefits               3,120,000,000   3,120,000,000 4,730,000,000        
Affiliate                              
Related Party Transactions                              
Fee and commission expenses                   3,000,000 3,000,000 3,000,000      
Subsidiary of Common Parent | ALIC Reinsurance Company | Hybrid Instrument                              
Related Party Transactions                              
Credit derivative, maximum exposure, undiscounted               1,750,000,000   1,750,000,000          
Allstate Financial Services, LLC                              
Related Party Transactions                              
Payments of dividends   1,250,000,000             $ 392,000,000   0 75,000,000      
Non-cash dividends paid       $ 333,000,000 $ 40,000,000                    
Cash dividends     $ 19,000,000                        
Everlake US Holdings Company                              
Related Party Transactions                              
Payments of dividends   350,000,000                          
Allstate Finance Company Agency Loans LLC | Beneficial Owner                              
Related Party Transactions                              
Agent loans               568,000,000   568,000,000          
Cash               0   0          
Notes due to related parties               214,000,000   214,000,000          
Allstate Assurance Company                              
Related Party Transactions                              
Gain (losses) on reinsurance with affiliates           $ 59,000,000                  
Total investments           534,000,000                  
Deferred policy acquisition costs           245,000,000                  
Reserve for life-contingent contract benefits           118,000,000                  
Contractholder funds           256,000,000                  
Reinsurance recoverable           $ 397,000,000                  
Allstate Assurance Company | Subsidiary of Common Parent                              
Related Party Transactions                              
Surplus note             $ 40,000,000                
Notes payable interest rate (as a percent)             3.07%                
Interest income, related party                     $ 1,000,000 $ 1,000,000      
Everlake Services Company | Affiliate                              
Related Party Transactions                              
Total costs allocated to the company for services and administrative activities                   41,000,000          
Everlake Reinsurance Limited (ERL)                              
Related Party Transactions                              
Deferred policy acquisition costs   $ 1,300,000,000                          
Ceded percentage   35.00%                          
Assets transferred as consideration   $ 7,400,000,000                          
Ceding commission paid in cash and assets   500,000,000                          
Funds withheld payable to affiliate   5,700,000,000                          
Everlake Reinsurance Limited (ERL) | Affiliate                              
Related Party Transactions                              
Reinsurance recoverable   $ 4,900,000,000                          
Blackstone ISG-1 Advisors LLC                              
Related Party Transactions                              
Investment expense                   11,000,000          
Blackstone Treasury Holdings II L.L.C.                              
Related Party Transactions                              
Payments to acquire investments $ 231,000,000                            
Collateralized Loan Obligations                              
Related Party Transactions                              
Agent loans, fair value                         $ 222,000,000   $ 419,000,000
Collateralized Loan Obligations | Affiliate                              
Related Party Transactions                              
Agent loans, fair value               $ 641,000,000   $ 641,000,000