Premiums Receivable (Tables)

9 Months Ended

Sep. 30, 2020

Premium Receivable, Allowance for Credit Loss [Table Text Block]


Premiums Receivable and Agents' Balances
	As of September 30, 2020




Premiums receivable, excluding receivables for losses within a deductible and retrospectively-rated policy premiums	$	4,027
Receivables for loss within a deductible and retrospectively-rated policy premiums, by credit quality:
AAA	—
AA	139
A	52
BBB	226
BB	103
Below BB	77
Total receivables for losses within a deductible and retrospectively-rated policy premiums	597

Total Premiums Receivable and Agents' Balances, Gross	4,624
ACL	(174)
Total Premiums Receivable and Agents' Balances, Net of ACL	$	4,450


Rollforward of ACL on Premiums Receivable and Agents' Balances
	Three Months Ended September 30, 2020						Nine Months Ended September 30, 2020
	Premiums Receivable and Agents' Balances, Excluding Receivables for Loss within a Deductible and Retrospectively-Rated Policy Premiums		Receivables for Loss within a Deductible and Retrospectively-Rated Policy Premiums		Total		Premiums Receivable and Agents' Balances, Excluding Receivables for Loss within a Deductible and Retrospectively-Rated Policy Premiums		Receivables for Loss within a Deductible and Retrospectively-Rated Policy Premiums		Total
Beginning ACL	$	139	$	44	$	183	$	85	$	60	$	145
Cumulative effect of accounting change [1]	—		—		—		(2)		(21)		(23)
Adjusted beginning ACL	139		44		183		83		39		122
Current period provision (release)	2		—		2		78		5		83

Current period gross write-offs	(12)		—		(12)		(35)		—		(35)
Current period gross recoveries	1		—		1		4		—		4
Ending ACL	$	130	$	44	$	174	$	130	$	44	$	174

[1]Represents the adjustment to the ACL recorded on adoption of accounting guidance for credit losses on January 1, 2020. The adjusted beginning ACL was based on the Company's historical loss information adjusted for current conditions and the forecasted economic environment at the time the guidance was adopted. For further information refer to Note 1 - Basis of Presentation and Significant Accounting Policies.