Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Tax Expense (Benefit)

Income Tax Expense

	For the years ended December 31,
	2019			2018			2017
Income Tax Expense (Benefit)
Current - U.S. Federal	$	8		$	(18	)	$	116
Foreign	—			—			1
Total current	8			(18		)	117
Deferred - U.S. Federal	476			286			866
Foreign	(9		)	—			2
Total deferred	467			286			868
Total income tax expense	$	475		$	268		$	985

Income Tax Rate Reconciliation

Income Tax Rate Reconciliation

	For the years ended December 31,
	2019			2018			2017
Tax provision at U.S. federal statutory rate	$	538		$	368		$	253
Tax-exempt interest	(56		)	(66		)	(123		)
Dividends received deduction	(6		)	(2		)	(3		)
Executive Compensation	7			11			—
Stock-based compensation	(7		)	(5		)	(15		)
Tax Reform	—			(39		)	877
Other	(1		)	1			(4		)
Provision for income taxes	$	475		$	268		$	985

Deferred Tax Assets (Liabilities)

Deferred Tax Assets (Liabilities)

	As of December 31,
	2019			2018
Deferred Tax Assets
Loss reserves and tax discount	$	214		$	150
Unearned premium reserve and other underwriting related reserves	385			355
Investment-related items	130			183
Employee benefits	287			287
Net operating loss carryover	84			521
Other	27			1
Total Deferred Tax Assets	1,127			1,497
Valuation Allowance	(4		)	—
Deferred Tax Assets, Net of Valuation Allowance	1,123			1,497
Deferred Tax Liabilities
Deferred acquisition costs	(143		)	(104		)
Net unrealized gains on investments	(458		)	(7		)
Other depreciable and amortizable assets	(223		)	(135		)
Other	—			(3		)
Total Deferred Tax Liabilities	(824		)	(249		)
Net Deferred Tax Asset	$	299		$	1,248

Roll-forward of Unrecognized Tax Benefits

Rollforward of Unrecognized Tax Benefits

	For the years ended December 31,
	2019		2018		2017
Balance, beginning of period	$	14	$	9	$	12
Gross increases - tax positions in prior period	—		5		3
Gross decreases - tax positions in prior period	—		—		—
Gross decreases - Tax Reform	—		—		(6		)
Balance, end of period	$	14	$	14	$	9