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Consolidated Statements of Operations - USD ($)
$ in Millions
5 Months Ended 7 Months Ended 12 Months Ended
May 31, 2018
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2017
Revenues        
Fee income and other $ 381 $ 502 $ 821 $ 906
Earned premiums 42 31 42 105
Net investment income (loss):        
Net Investment Income 520 509 924 1,281
Net realized capital gains (losses):        
Total other-than-temporary impairment (“OTTI”) losses 0 (8) (4) (16)
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Portion in Other Comprehensive Loss, before Tax, Including Portion Attributable to Noncontrolling Interest 0 1 0 2
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities 0 (7) (4) (14)
Other net realized capital gains (losses) (107) 149 (271) (46)
Realized Investment Gains (Losses) (107) 142 (275) (60)
Recognition of Deferred Revenue 0 38 59 0
Total revenues 836 1,222 1,571 2,232
Benefits, losses and expenses        
Benefits, losses and loss adjustment expenses 534 415 760 1,406
Amortization of deferred policy acquisition costs (DAC) and value of business acquired (VOBA) (16) (98) (25) (48)
Insurance operating costs and other expenses (183) (235) (423) (400)
Amortization of Intangible Assets 0 4 5 0
Dividends to policyholders 2 2 5 2
Total benefits, losses and expenses 735 754 1,168 1,856
Income before income taxes 101 468 403 376
Income Tax Expense (Benefit) 7 59 44 422
Net Income (Loss) Attributable to Parent $ 94 $ 409 $ 359 $ (46)