Schedule V Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2021

Valuation and Qualifying Accounts [Abstract]

Schedule V Valuation and Qualifying Accounts

Valuation and Qualifying Accounts

												Schedule V
For the years ended December 31, 2021, 2020 and 2019
				Initial
		Balance,	Allowance			Charged to
		Beginning	Upon CECL			Costs and						Other		Balance,
(in millions)		of year	Adoption			Expenses		Charge Offs		Divestitures		Changes*		End of year
2021
Allowance for mortgage and
other loans receivable	$	814	$	-	$	(164)	$	(2)	$	(19)	$	-	$	629
Allowance for premiums and
insurances balances receivable		205		-		(15)		(2)		-		(3)		185
Allowance for reinsurance assets		326		-		24		(17)		-		-		333
Federal and foreign valuation
allowance for deferred tax assets		1,330		-		718		-		-		(61)		1,987
2020
Allowance for mortgage and
other loans receivable	$	438	$	318	$	75	$	(17)	$	-	$	-	$	814
Allowance for premiums and
insurances balances receivable		178		34		6		(12)		-		(1)		205
Allowance for reinsurance assets		151		172		12		(9)		-		-		326
Federal and foreign valuation
allowance for deferred tax assets		1,425		-		(65)		-		-		(30)		1,330
2019
Allowance for mortgage and
other loans receivable	$	397	$	-	$	46	$	(5)	$	-	$	-	$	438
Allowance for premiums and
insurances balances receivable		216		-		(25)		(23)		-		10		178
Allowance for reinsurance assets		140		-		20		(11)		-		2		151
Federal and foreign valuation
allowance for deferred tax assets		1,779		-		(44)		-		-		(310)		1,425

*Includes recoveries of amounts previously charged off and reclassifications to/from other accounts.