Short-Term and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Short-Term and Long-Term Debt [Abstract]

Schedule of Debt

	As of December 31,
	2019		2018
Short-Term Debt
Short-term debt (1)	$	609	$	288
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		613		600
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		284		312
4.225% surplus note, due 2037		28		-
4.50% surplus note, due 2038		13		13
Total long-term debt	$	2,414	$	2,401

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

Future Principal Payments

2020	$	-
2021		-
2022		-
2023		-
2024		50
Thereafter		2,364
Total	$	2,414

Credit facilities and letters of credit

		As of December 31, 2019
	Expiration	Maximum		LOCs
	Date	Available		Issued
Credit Facilities
Five-year revolving credit facility	July 31, 2024	$	2,250	$	340
LOC facility (1)	August 26, 2031		990		965
LOC facility (1)	October 1, 2031		982		982
Total		$	4,222	$	2,287

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