Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) consisted of the following for the periods indicated:

	Year Ended December 31,
	2019		2018		2017
Current tax expense (benefit):
Federal	$	9	$	3	$	(6	)
Total current tax expense (benefit)	9		3		(6		)
Deferred tax expense (benefit):
Federal	23		58		(95		)
Total deferred tax expense (benefit)	23		58		(95		)
Total income tax expense (benefit)	$	32	$	61	$	(101	)

Schedule of Effective Income Tax Rate Reconciliation

Income taxes were different from the amount computed by applying the federal income tax rate to Income (loss) before income taxes for the following reasons for the periods indicated:

	Year Ended December 31,
	2019			2018				2017
Income (loss) before income taxes	$	332		$	506			$	14
Tax rate	21.0		%	21.0		%		35.0		%
Income tax expense (benefit) at federal statutory rate	70			106				5
Tax effect of:
Dividends received deduction	(35		)	(49		)		(36		)
Valuation allowance	—			9				(5		)
Tax Attribute	(4		)	—				5
Effect of Tax Reform	—			—			—	(71		)
Other	1			(5		)		1
Income tax expense (benefit)	$	32		$	61			$	(101	)
Effective tax rate	9.6		%	12.1		%		(721.4		)%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of the dates indicated, are presented below.

	December 31,
	2019			2018
Deferred tax assets
Insurance reserves	$	107		$	74
Investments	23			79
Compensation and benefits	57			58
Other assets	34			34
Total gross assets	221			245
Deferred tax liabilities
Net unrealized investment (gains) losses	(424		)	(45		)
Deferred policy acquisition costs	(101		)	(205		)
Total gross liabilities	(525		)	(250		)
Net deferred income tax asset (liability)	$	(304	)	$	(5	)