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SEGMENT INFORMATION (Details - Schedule of continuing operations by operating segment, reconciling items) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Reconciling items from adjusted pre-tax income to pre-tax income (loss):        
Changes in fair value of equity securities $ 596 $ 350 $ 524 $ 1,216
Gains (loss) on extinguishment of debt 2 0 (15) (13)
Net investment income 3,800 3,408 9,674 11,032
Net realized capital gains (losses) on embedded derivative (1,122) 929 65 887
Loss from divested businesses (24) (9) (8,652) (4)
Net reserve discount benefit (charge) 31 (235) (41) (920)
Revenues 10,221 12,914 34,060 37,931
Adjusted Pre-tax Income (Loss) 368 1,260 (6,735) 4,251
Excluding Fortitude Re funds withheld assets        
Reconciling items from adjusted pre-tax income to pre-tax income (loss):        
Net investment income 3,342 3,408 9,100 11,032
Net realized capital gains (losses) on embedded derivative (498) 929 1,430 887
Fortitude Re funds withheld assets        
Reconciling items from adjusted pre-tax income to pre-tax income (loss):        
Net investment income [1] 458 0 574 0
Net realized capital gains (losses) on embedded derivative [1] 32 0 128 0
Fortitude Re funds withheld embedded derivative        
Reconciling items from adjusted pre-tax income to pre-tax income (loss):        
Net realized capital gains (losses) on embedded derivative [1] (656) 0 (1,493) 0
Total Revenues        
Reconciling items from adjusted pre-tax income to pre-tax income (loss):        
Changes in fair values of securities used to hedge guaranteed living benefits 14 25 42 214
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains (losses) 0 0 0 0
Changes in fair value of equity securities 119 (51) (16) 6
Other income (expense) - net 23 16 46 27
Gains (loss) on extinguishment of debt 0 0 0 0
Net realized capital gains (losses) (525) 867 1,328 713
Loss from divested businesses 0 0 0 0
Non-operating litigation reserves and settlements 0 0 6 0
(Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements 0 0 0 0
Net reserve discount benefit (charge) 0 0 0 0
Integration and transaction costs associated with acquired business 0 0 0 0
Restructuring and other costs 0 0 0 0
Non-recurring costs related to regulatory or accounting changes 0 0 0 0
Total Revenues | Fortitude Re funds withheld assets        
Reconciling items from adjusted pre-tax income to pre-tax income (loss):        
Net investment income 458 0 574 0
Net realized capital gains (losses) on embedded derivative 32 0 128 0
Total Revenues | Fortitude Re funds withheld embedded derivative        
Reconciling items from adjusted pre-tax income to pre-tax income (loss):        
Net realized capital gains (losses) on embedded derivative (656) 0 (1,493) 0
Adjusted Pre-tax Income (Loss)        
Reconciling items from adjusted pre-tax income to pre-tax income (loss):        
Changes in fair values of securities used to hedge guaranteed living benefits 15 12 24 183
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains (losses) 78 (65) (205) (39)
Changes in fair value of equity securities 119 (51) (16) 6
Other income (expense) - net 0 0 0 0
Gains (loss) on extinguishment of debt 2 0 (15) (13)
Net realized capital gains (losses) (514) 881 1,369 758
Loss from divested businesses (24) (9) (8,652) (4)
Non-operating litigation reserves and settlements (1) (5) 5 (6)
(Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements 30 59 71 211
Net reserve discount benefit (charge) 31 (235) (41) (920)
Integration and transaction costs associated with acquired business (1) (3) (7) (16)
Restructuring and other costs (100) (67) (324) (174)
Non-recurring costs related to regulatory or accounting changes (19) (3) (46) (5)
Adjusted Pre-tax Income (Loss) | Fortitude Re funds withheld assets        
Reconciling items from adjusted pre-tax income to pre-tax income (loss):        
Net investment income 458 0 574 0
Net realized capital gains (losses) on embedded derivative 32 0 128 0
Adjusted Pre-tax Income (Loss) | Fortitude Re funds withheld embedded derivative        
Reconciling items from adjusted pre-tax income to pre-tax income (loss):        
Net realized capital gains (losses) on embedded derivative $ (656) $ 0 $ (1,493) $ 0
[1] Represents activity subsequent to the deconsolidation of Fortitude Re on June 2, 2020.