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General (Tables)
 9 Months Ended
Sep. 30, 2020
General [Abstract]  
Allowance for credit loss
Allowance for credit losses
 
 
 
 
 
 
 
 
($ in millions)
 
September 30, 2020
 
June 30, 2020
 
March 31, 2020
 
January 1, 2020
Fixed income securities
 
$
8

 
$
7

 
$
4

 
$
—

Mortgage loans
 
85

 
86

 
85

 
45

Other investments
 
 
 
 
 
 
 


Bank loans
 
61

 
76

 
79

 
53

Agent loans
 
5

 
5

 
5

 
5

Investments
 
159

 
174

 
173

 
103

Premium installment receivables
 
153

 
139

 
96

 
91

Reinsurance recoverables
 
75

 
74

 
74

 
74

Other assets
 
22

 
23

 
18

 
18

Assets
 
409

 
410

 
361

 
286

 
 
 
 
 
 
 
 
 
Commitments to fund mortgage loans, bank loans and agent loans
 
2

 
3

 
4

 
3

Liabilities
 
2


3

 
4

 
3

Total
 
$
411

 
$
413

 
$
365

 
$
289


Rollforward of credit loss allowance for premium installment receivables
 
 
($ in millions)
 
Three months ended September 30, 2020
 
Nine months ended September 30, 2020
Beginning balance
 
$
139

 
$
91

Increase in the provision for credit losses
 
65

 
201

Write-off of uncollectible premium installment receivable amounts
 
(51
)
 
(139
)
Ending balance
 
$
153

 
$
153


Rollforward of credit loss allowance for fixed income securities
 
 
 
 
($ in millions)
 
Three months ended
September 30, 2020
 
Nine months ended September 30, 2020
Beginning balance
 
$
(7
)
 
$
—

Credit losses on securities for which credit losses not previously reported
 
(1
)
 
(10
)
Net increases related to credit losses previously reported
 
(1
)
 
—

Reduction of allowance related to sales
 
1

 
2

Ending balance (1)
 
$
(8
)
 
$
(8
)
(1) 
Allowance for fixed income securities as of September 30, 2020 comprised $3 million, $2 million, $2 million and $1 million of municipal bonds, corporate bonds, ABS and MBS, respectively.
Rollforward of credit loss allowance for bank loans
 
 
 
 
($ in millions)
 
Three months ended September 30, 2020
 
Nine months ended September 30, 2020
Beginning balance
 
$
(76
)
 
$
—

Cumulative effect of change in accounting principle
 
—

 
(53
)
Net decreases (increases) related to credit losses
 
10

 
(20
)
Reduction of allowance related to sales
 
5

 
7

Write-offs
 
—

 
5

Ending balance
 
$
(61
)
 
$
(61
)

Rollforward of credit loss allowance for mortgage loans
 
 
 
 
($ in millions)
 
Three months ended September 30, 2020
 
Nine months ended September 30, 2020
Beginning balance
 
$
(86
)
 
$
(3
)
Cumulative effect of change in accounting principle
 
—

 
(42
)
Net decreases (increases) related to credit losses
 
1

 
(40
)
Ending balance
 
$
(85
)
 
$
(85
)