Short-Term and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2018

Short-Term and Long-Term Debt [Abstract]

Schedule of Debt

	As of December 31,
	2018		2017
Short-Term Debt
Short-term debt (1)	$	288	$	10
Long-Term Debt, Excluding Current Portion
9.76% surplus note, due 2024	$	50	$	50
6.56% surplus note, due 2028		500		500
LIBOR + 111 bps surplus note, due 2028		71		71
LIBOR + 226 bps surplus note, due 2028		600		573
6.03% surplus note, due 2028		750		750
LIBOR + 200 bps surplus note, due 2035		30		30
LIBOR + 155 bps surplus note, due 2037		25		25
4.20% surplus note, due 2037		50		50
LIBOR + 100 bps surplus note, due 2037		312		325
4.50% surplus note, due 2038		13		-
Total long-term debt	$	2,401	$	2,374

⁽¹⁾ The short-term debt represents short-term notes payable to LNC.

Future Principal Payments

2019	$	-
2020		-
2021		-
2022		-
2023		-
Thereafter		2,401
Total	$	2,401

Credit facilities and letters of credit

		As of December 31, 2018
	Expiration	Maximum		LOCs
	Date	Available		Issued
Credit Facilities
Five-year revolving credit facility	Jun-2021	$	2,500	$	995
LOC facility (1)	Aug-2031		990		953
LOC facility (1)	Oct-2031		1,006		1,006
Total		$	4,496	$	2,954

⁽¹⁾ Our wholly-owned subsidiaries entered into irrevocable LOC facility agreements with third-party lenders supporting inter-company reinsurance agreements.