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SEGMENT INFORMATION (Details - Schedule of continuing operations by operating segment, reconciling items) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Reconciling items to pre-tax income (loss):        
Changes in fair value of equity securities $ 486 $ 330 $ 875 $ (72)
Loss on extinguishment of debt (106) 0 (98) (17)
Net Investment Income 3,675 3,366 7,332 5,874
Net realized capital gains (losses) on embedded derivatives (1,926) (2,332) 1,324 1,187
Loss from divested businesses (1) (8,412) 6 (8,628)
Net loss reserve discount charge (22) (16) 10 (72)
Revenues 10,681 9,396 25,135 23,839
Amortization of DAC 915 754 2,219 2,616
Adjusted Pre-tax Income (Loss) 147 (9,661) 4,875 (7,103)
Excluding Fortitude Re funds withheld assets        
Reconciling items to pre-tax income (loss):        
Net Investment Income 3,168 3,250 6,339 5,758
Net realized capital gains (losses) on embedded derivatives (43) (1,591) 652 1,928
Fortitude Re funds withheld assets        
Reconciling items to pre-tax income (loss):        
Net Investment Income 507 116 993 116
Net realized capital gains (losses) on embedded derivatives 173 96 346 96
Fortitude Re funds withheld embedded derivative        
Reconciling items to pre-tax income (loss):        
Net realized capital gains (losses) on embedded derivatives (2,056) (837) 326 (837)
Total Revenues        
Reconciling items to pre-tax income (loss):        
Changes in fair values of securities used to hedge guaranteed living benefits 14 14 32 28
Changes in benefit reserves and DAC, VOBA and SIA related to net realized gains (losses) 0 0 0 0
Changes in fair value of equity securities (13) 56 9 (135)
Other income (expense) - net (2) 14 (8) 24
Loss on extinguishment of debt 0 0 0 0
Net realized gains (losses) (68) (1,621) 549 1,856
Loss from divested businesses 0 0 0 0
Non-operating litigation reserves and settlements 0 0 0 6
Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements 0 0 0 0
Net loss reserve discount charge 0 0 0 0
Integration and transaction costs associated with acquiring or divesting businesses 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 to pre-tax income (loss):        
Net Investment Income 507 116 993 116
Net realized capital gains (losses) on embedded derivatives 173 96 346 96
Total Revenues | Fortitude Re funds withheld embedded derivative        
Reconciling items to pre-tax income (loss):        
Net realized capital gains (losses) on embedded derivatives (2,056) (837) 326 (837)
Adjusted Pre-tax Income (Loss)        
Reconciling items to pre-tax income (loss):        
Changes in fair values of securities used to hedge guaranteed living benefits 13 16 35 9
Changes in benefit reserves and DAC, VOBA and SIA related to net realized gains (losses) 120 255 (83) (283)
Changes in fair value of equity securities (13) 56 9 (135)
Other income (expense) - net 0 0 0 0
Loss on extinguishment of debt (106) 0 (98) (17)
Net realized gains (losses) (59) (1,607) 568 1,887
Loss from divested businesses (1) (8,412) 6 (8,628)
Non-operating litigation reserves and settlements 0 0 0 6
Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements 65 33 84 41
Net loss reserve discount charge (22) (16) 10 (72)
Integration and transaction costs associated with acquiring or divesting businesses (35) (4) (44) (6)
Restructuring and other costs (126) (134) (200) (224)
Non-recurring costs related to regulatory or accounting changes (21) (14) (41) (27)
Adjusted Pre-tax Income (Loss) | Fortitude Re funds withheld assets        
Reconciling items to pre-tax income (loss):        
Net Investment Income 507 116 993 116
Net realized capital gains (losses) on embedded derivatives 173 96 346 96
Adjusted Pre-tax Income (Loss) | Fortitude Re funds withheld embedded derivative        
Reconciling items to pre-tax income (loss):        
Net realized capital gains (losses) on embedded derivatives $ (2,056) $ (837) $ 326 $ (837)