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Transactions With Affiliates (Tables)
12 Months Ended
Dec. 31, 2018
Transactions With Affiliates [Abstract]  
Schedule Of Transactions With Affiliates









 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

As of December 31,

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

Assets with affiliates:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inter-company notes

 

$

1,512

 

 

$

1,444

 

 

 

Fixed maturity AFS securities

Limited partnerships

 

 

 -

 

 

 

(66

)

 

 

Other investments

Ceded reinsurance contracts

 

 

(188

)

 

 

(188

)

 

 

Deferred acquisition costs and value of



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

business acquired

Accrued inter-company interest receivable

 

 

11

 

 

 

8

 

 

 

Accrued investment income

Ceded reinsurance contracts

 

 

2,574

 

 

 

2,152

 

 

 

Reinsurance recoverables

Ceded reinsurance contracts

 

 

191

 

 

 

8

 

 

 

Reinsurance related embedded derivatives

Ceded reinsurance contracts

 

 

235

 

 

 

244

 

 

 

Other assets

Cash management agreement

 

 

112

 

 

 

441

 

 

 

Other assets

Service agreement receivable 

 

 

5

 

 

 

15

 

 

 

Other assets



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities with affiliates:

 

 

 

 

 

 

 

 

 

 

 

Assumed reinsurance contracts

 

 

29

 

 

 

32

 

 

 

Future contract benefits

Assumed reinsurance contracts

 

 

400

 

 

 

400

 

 

 

Other contract holder funds

Ceded reinsurance contracts

 

 

(46

)

 

 

(47

)

 

 

Other contract holder funds

Inter-company short-term debt

 

 

288

 

 

 

10

 

 

 

Short-term debt

Inter-company long-term debt    

 

 

2,401

 

 

 

2,374

 

 

 

Long-term debt

Ceded reinsurance contracts

 

 

3,120

 

 

 

2,587

 

 

 

Funds withheld reinsurance liabilities

Ceded reinsurance contracts

 

 

325

 

 

 

1,023

 

 

 

Other liabilities

Accrued inter-company interest payable

 

 

13

 

 

 

29

 

 

 

Other liabilities

Service agreement payable

 

 

56

 

 

 

8

 

 

 

Other liabilities



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following summarizes transactions with affiliates (in millions) and the associated line item on our Consolidated Statements of Comprehensive Income (Loss):









 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

For the Years Ended

 

 

 



 

 

 

 

 

 

 

 

December 31,

 

 

 



 

 

 

 

 

 

 

 

2018

 

2017

 

2016

 

 

 

Revenues with affiliates:

 

 

 

 

 

 

 

 

 

 

 

Premiums received on assumed (paid on ceded)

$

(404

)

$

(393

)

$

(389

)

 

Insurance premiums

reinsurance contracts

 

 

 

 

 

 

 

 

 

 

 

Fees for management of general account

 

(106

)

 

(100

)

 

(117

)

 

Net investment income

Net investment income on ceded funds withheld treaties

 

(123

)

 

(84

)

 

(69

)

 

Net investment income

Net investment income on inter-company notes

 

49

 

 

42

 

 

38

 

 

Net investment income

Realized gains (losses) on ceded reinsurance contracts:

 

 

 

 

 

 

 

 

 

 

 

GLB reserves embedded derivatives

 

709

 

 

(1,055

)

 

(516

)

 

Realized gain (loss)

Other gains (losses)

 

237

 

 

(150

)

 

(93

)

 

Realized gain (loss)

Reinsurance related settlements

 

(1,189

)

 

951

 

 

488

 

 

Realized gain (loss)

Amortization of deferred gain on reinsurance contracts

 

(5

)

 

(5

)

 

(5

)

 

Amortization of deferred gain



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

on business sold through



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

reinsurance

Benefits and expenses with affiliates:

 

 

 

 

 

 

 

 

 

 

 

Interest credited on assumed reinsurance contracts

 

57

 

 

67

 

 

61

 

 

Interest credited

Reinsurance (recoveries) benefits on ceded reinsurance

 

(610

)

 

(299

)

 

(424

)

 

Benefits

Ceded reinsurance contracts

 

(8

)

 

(12

)

 

(14

)

 

Commissions and other



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

expenses

Service agreement payments

 

3

 

 

3

 

 

76

 

 

Commissions and other



 

 

 

 

 

 

 

 

 

 

 

expenses

Interest expense on inter-company debt    

 

126

 

 

120

 

 

111

 

 

Interest and debt expense