XML 20 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Net premiums earned $ 11 $ 8 $ 21 $ 36
Net investment income:        
Securities available-for-sale and short-term 26 78 57 125
Net investment income 52 86 31 141
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 10 36 18 53
Realized Investment Gains (Losses) 10 36 18 53
Change in fair value of credit derivatives:        
Unrealized gains (losses)     (1) 1
Derivative, Gain (Loss) on Derivative, Net 2 (35) (68) (52)
Other Operating Income (Expense), Net 0 (9) 0 (8)
Income (loss) on variable interest entities 0 3 3 19
Total revenues 75 89 6 189
Expenses:        
Losses and loss expenses (benefit) 16 (133) 132 (121)
Insurance intangible amortization 14 226 27 263
Operating expenses 21 29 44 54
Interest expense 58 67 122 135
Total expenses 108 189 325 331
Pre-tax income (loss) (33) (100) (320) (141)
Provision (benefit) for income taxes 2 28 (4) 30
Net income (loss) (35) (128) (315) (172)
Net income (loss) attributable to common stockholders (35) (128) (315) (172)
Other comprehensive income (loss), after tax:        
Net income (loss) (35) (128) (315) (172)
Unrealized gains (losses) on securities, net of income tax provision (benefit) of $1, $(7), $1 and $(8) 104 15 (42) 71
Gains (losses) on foreign currency translation, net of income tax provision (benefit) of $0, $0, $0 and $0 (2) (19) (48) (4)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax (1) 0 2 0
Changes to postretirement benefit, net of income tax provision (benefit) of $0, $0, $0 and $0 0 0 (2) 0
Total other comprehensive income (loss), net of income tax 100 (3) (90) 68
Total comprehensive income (loss) 65 (132) (405) (104)
Less: comprehensive (gain) loss attributable to the noncontrolling interest:        
Total comprehensive income (loss) attributable to common stockholders $ 65 $ (132) $ (405) $ (104)
Earnings Per Share, Basic $ (0.77) $ (2.79) $ (6.83) $ (3.74)
Earnings Per Share, Diluted $ (0.77) $ (2.79) $ (6.83) $ (3.74)
Weighted Average Number of Shares Outstanding, Basic 46,166,666 45,986,043 46,113,495 45,909,595
Weighted Average Number of Shares Outstanding, Diluted 46,166,666 45,986,043 46,113,495 45,909,595