2020 Q1 Form 10-Q Financial Statement

#000087476620000034 Filed on April 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $4.956B $4.940B
YoY Change 0.32% 5.31%
Cost Of Revenue $2.916B $2.685B
YoY Change 8.6% -0.37%
Gross Profit $2.040B $2.255B
YoY Change -9.53% 12.98%
Gross Profit Margin 41.16% 45.65%
Selling, General & Admin $1.176B
YoY Change
% of Gross Profit 57.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $437.0M $355.0M
YoY Change 23.1% 3.8%
% of Gross Profit 21.42% 15.74%
Operating Expenses $1.176B $1.048B
YoY Change 12.21% 1.06%
Operating Profit $864.0M $1.207B
YoY Change -28.42% 25.86%
Interest Expense $64.00M $64.00M
YoY Change 0.0% -20.0%
% of Operating Profit 7.41% 5.3%
Other Income/Expense, Net
YoY Change
Pretax Income $344.0M $775.0M
YoY Change -55.61% 49.33%
Income Tax $71.00M $145.0M
% Of Pretax Income 20.64% 18.71%
Net Earnings $273.0M $630.0M
YoY Change -56.67% 5.53%
Net Earnings / Revenue 5.51% 12.75%
Basic Earnings Per Share $0.75 $1.74
Diluted Earnings Per Share $0.74 $1.71
COMMON SHARES
Basic Shares Outstanding 358.5M shares 360.0M shares
Diluted Shares Outstanding 361.1M shares 364.7M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $301.0M $104.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.161B $1.145B
YoY Change 1.4% 12.48%
Goodwill $1.913B $1.290B
YoY Change 48.29% 0.0%
Intangibles
YoY Change
Long-Term Investments $50.36B $47.90B
YoY Change 5.14% 16.22%
Other Assets $592.0M $921.0M
YoY Change -35.72% -99.42%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $68.72B $63.32B
YoY Change 8.53% -70.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $167.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $499.0M
YoY Change -100.0% 20.82%
Long-Term Debt Due $0.00 $499.0M
YoY Change -100.0% 20.82%
Total Short-Term Liabilities $666.0M
YoY Change 61.26%
LONG-TERM LIABILITIES
Long-Term Debt $4.349B $3.767B
YoY Change 15.45% -20.78%
Other Long-Term Liabilities $4.330B $4.706B
YoY Change -7.99% -97.04%
Total Long-Term Liabilities $8.679B $8.473B
YoY Change 2.43% -94.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $666.0M
Total Long-Term Liabilities $8.679B $8.473B
Total Liabilities $53.46B $48.98B
YoY Change 9.13% -75.93%
SHAREHOLDERS EQUITY
Retained Earnings $12.67B $11.57B
YoY Change 9.46% 13.94%
Common Stock $4.000M $4.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.220B $1.014B
YoY Change 20.32% -11.13%
Treasury Stock Shares 26.99M shares 24.06M shares
Shareholders Equity $15.27B $14.34B
YoY Change
Total Liabilities & Shareholders Equity $68.72B $63.32B
YoY Change 8.53% -70.77%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $273.0M $630.0M
YoY Change -56.67% 5.53%
Depreciation, Depletion And Amortization $437.0M $355.0M
YoY Change 23.1% 3.8%
Cash From Operating Activities $298.0M $279.0M
YoY Change 6.81% -60.81%
INVESTING ACTIVITIES
Capital Expenditures $23.00M $20.00M
YoY Change 15.0% -48.72%
Acquisitions
YoY Change
Other Investing Activities $2.000M -$1.000M
YoY Change -300.0% -103.23%
Cash From Investing Activities $777.0M $129.0M
YoY Change 502.33% -153.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $150.0M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.027B -$428.0M
YoY Change 139.95% -36.78%
NET CHANGE
Cash From Operating Activities $298.0M $279.0M
Cash From Investing Activities $777.0M $129.0M
Cash From Financing Activities -$1.027B -$428.0M
Net Change In Cash $39.00M -$17.00M
YoY Change -329.41% -91.79%
FREE CASH FLOW
Cash From Operating Activities $298.0M $279.0M
Capital Expenditures $23.00M $20.00M
Free Cash Flow $275.0M $259.0M
YoY Change 6.18% -61.52%

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CY2019Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
108000000 USD
CY2020Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
79000000 USD
CY2019Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
37000000 USD
CY2020Q1 us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
75000000 USD
CY2019Q1 us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
-16000000 USD
CY2020Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-53000000 USD
CY2019Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-116000000 USD
CY2020Q1 us-gaap Increase Decrease In Insurance Liabilities
IncreaseDecreaseInInsuranceLiabilities
235000000 USD
CY2019Q1 us-gaap Increase Decrease In Insurance Liabilities
IncreaseDecreaseInInsuranceLiabilities
138000000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
622000000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
585000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
298000000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
279000000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
3906000000 USD
CY2020Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
329000000 USD
CY2019Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
100000000 USD
CY2020Q1 us-gaap Proceeds From Limited Partnership Investments
ProceedsFromLimitedPartnershipInvestments
34000000 USD
CY2019Q1 us-gaap Proceeds From Limited Partnership Investments
ProceedsFromLimitedPartnershipInvestments
68000000 USD
CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
3578000000 USD
CY2019Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
5105000000 USD
CY2020Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
518000000 USD
CY2019Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
607000000 USD
CY2020Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
487000000 USD
CY2019Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
31000000 USD
CY2020Q1 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
97000000 USD
CY2019Q1 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
78000000 USD
CY2020Q1 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-161000000 USD
CY2019Q1 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-26000000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23000000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20000000 USD
CY2020Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-407000000 USD
CY2019Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-82000000 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5000000 USD
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
777000000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
129000000 USD
CY2020Q1 us-gaap Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
15000000 USD
CY2020Q1 us-gaap Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
10000000 USD
CY2019Q1 us-gaap Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
24000000 USD
CY2020Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2019Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
50000000 USD
CY2020Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
-237000000 USD
CY2019Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
102000000 USD
CY2020Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
500000000 USD
CY2019Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
413000000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
32000000 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
28000000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
150000000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2020Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5000000 USD
CY2019Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6000000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
108000000 USD
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
109000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1027000000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-9000000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-428000000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
3000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
39000000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-17000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
262000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
301000000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
104000000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1000000 USD
CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
74000000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
41000000 USD
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;font-size:16pt;"><span style="font-family:Montserrat,sans-serif;font-size:16pt;color:#3a557c;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ </span></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">from those estimates.</span></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">The most significant estimates include those used in determining property and casualty and group long-term disability insurance product reserves, net of reinsurance; evaluation of goodwill for impairment; valuation of investments and derivative instruments; valuation allowance on deferred tax assets; and contingencies relating to corporate litigation and regulatory matters.</span></div>
CY2020Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;font-size:16pt;"><span style="font-family:Montserrat,sans-serif;font-size:16pt;color:#3a557c;font-weight:bold;">Reclassifications</span></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Certain reclassifications have been made to prior year financial information to conform to the current year presentation. </span></div>
CY2019Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
4384000000 USD
CY2020Q1 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
4407000000 USD
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
299000000 USD
CY2020Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
304000000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
5157000000 USD
CY2020Q1 us-gaap Other Liabilities
OtherLiabilities
5182000000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
12685000000 USD
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
12667000000 USD
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4215000000 USD
CY2020Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
4215000000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
19000000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4215000000 USD
CY2020Q1 us-gaap Notes Receivable Net
NotesReceivableNet
4196000000 USD
CY2019Q4 us-gaap Premiums Receivable Gross
PremiumsReceivableGross
4529000000 USD
CY2020Q1 us-gaap Premiums Receivable Gross
PremiumsReceivableGross
4529000000 USD
CY2019Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
145000000 USD
CY2020Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
122000000 USD
CY2020Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="line-height:120%;padding-bottom:8px;font-size:16pt;"><span style="font-family:Montserrat,sans-serif;font-size:16pt;color:#3a557c;font-weight:bold;">Future Adoption of New Accounting Standards</span></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Section 4013 of the CARES Act allows financial institutions the option to suspend the requirement to disclose and account for loan modifications as troubled debt restructurings for loan modifications related to the COVID-19 pandemic occurring between March 1, 2020 and the earlier of 60 days after the end of the national emergency or December 31, 2020. We are evaluating the provisions of Section 4013 of the CARES Act. Had </span></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">we applied the CARES Act during the first quarter of 2020, it would have had no impact on our results of operations, financial position or cash flows because The Hartford had not granted any concessions to borrowers on its mortgage loans.</span></div>
CY2019Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
630000000 USD
CY2020Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5000000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
630000000 USD
CY2020Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
5000000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
273000000 USD
CY2019Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5000000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
268000000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
625000000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
358500000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
360000000.0 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1400000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2600000 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3300000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
361100000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
364700000 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.74
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.71
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
273000000 USD
CY2019Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
5000000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
268000000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
625000000 USD
CY2019Q1 hig Earnedpremiumsandfeeincome
Earnedpremiumsandfeeincome
4254000000 USD
CY2020Q1 us-gaap Net Investment Income
NetInvestmentIncome
459000000 USD
CY2019Q1 us-gaap Net Investment Income
NetInvestmentIncome
470000000 USD
CY2020Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-231000000 USD
CY2019Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
163000000 USD
CY2020Q1 us-gaap Other Income
OtherIncome
17000000 USD
CY2019Q1 us-gaap Other Income
OtherIncome
53000000 USD
CY2020Q1 us-gaap Revenues
Revenues
4956000000 USD
CY2019Q1 us-gaap Revenues
Revenues
4940000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
341000000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
339000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
40205000000 USD
CY2020Q1 hig Fair Value Option Fixed Maturity Securities
FairValueOptionFixedMaturitySecurities
8000000 USD
CY2020Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1155000000 USD
CY2020Q1 us-gaap Derivative Assets
DerivativeAssets
10000000 USD
CY2020Q1 us-gaap Other Short Term Investments
OtherShortTermInvestments
2505000000 USD
CY2020Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
43883000000 USD
CY2020Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
66000000 USD
CY2020Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
0 USD
CY2020Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
66000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
42148000000 USD
CY2019Q4 hig Fair Value Option Fixed Maturity Securities
FairValueOptionFixedMaturitySecurities
11000000 USD
CY2019Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1657000000 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
12000000 USD
CY2019Q4 us-gaap Other Short Term Investments
OtherShortTermInvestments
2921000000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
46749000000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
78000000 USD
CY2019Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
22000000 USD
CY2019Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
100000000 USD
CY2020Q1 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
0 USD
CY2020Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
0 USD
CY2020Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
78000000 USD
CY2019Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
44000000 USD
CY2020Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
8000000 USD
CY2019Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
21000000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Sell Before Recovery
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery
-5000000 USD
CY2019Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Sell Before Recovery
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery
0 USD
CY2019Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
2000000 USD
CY2020Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-231000000 USD
CY2019Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
163000000 USD
CY2020Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-277000000 USD
CY2019Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
68000000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
3100000000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
4300000000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
The Company does not include the current accrued interest receivable balance when estimating the ACL. The Company has a policy to write-off accrued interest receivable balances that are more than 90 days past due. Write-offs of accrued interest receivable are recorded as a credit loss component of realized capital gains and losses.
CY2019Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
12000000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
12000000 USD
CY2018Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
19000000 USD
CY2019Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
2000000 USD
CY2019Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
3000000 USD
CY2019Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
18000000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
39473000000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
12000000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1699000000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
955000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
40205000000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
40078000000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2125000000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
55000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
42148000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Other Than Temporary Impairment Not Credit Loss Net Of Tax Availableforsale Debt Securities
AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxAvailableforsaleDebtSecurities
4000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1197000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1196000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1082000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1090000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
7477000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
7447000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
7200000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
7401000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
7032000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
7053000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
7395000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
7803000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
11863000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
12784000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
11769000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
12988000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
27569000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
28480000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
27446000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
29282000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
11904000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
11725000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
12632000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
12866000000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
39473000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
40205000000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
40078000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
42148000000 USD
CY2020Q1 us-gaap Fair Value Concentration Of Risk Investments
FairValueConcentrationOfRiskInvestments
0 USD
CY2020Q1 hig Original Weighted Average Loan To Value Ratio Of Commercial Mortgage Loan
OriginalWeightedAverageLoanToValueRatioOfCommercialMortgageLoan
0.61
CY2020Q1 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
2204
CY2020Q1 hig Percentage Of Gross Unrealized Losses Depressed Less Than Twenty Percent Of Cost Or Amortized Cost
PercentageOfGrossUnrealizedLossesDepressedLessThanTwentyPercentOfCostOrAmortizedCost
0.94
CY2020Q1 hig Numberofloansheldforsale
Numberofloansheldforsale
0
CY2020Q1 hig Numberofloanswithextensionsorrestructuring
Numberofloanswithextensionsorrestructuring
0
CY2020Q1 hig Current Weighted Average Loan To Value Ratio Of Commercial Mortgage Loan
CurrentWeightedAverageLoanToValueRatioOfCommercialMortgageLoan
0.52
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4215000000 USD
CY2020Q1 us-gaap Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
6600000000 USD
CY2020Q1 us-gaap Derecognized Assets Securitized Or Assetbacked Financing Arrangement Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
3600000000 USD
CY2019Q4 us-gaap Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
6400000000 USD
CY2019Q4 us-gaap Derecognized Assets Securitized Or Assetbacked Financing Arrangement Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
3500000000 USD
CY2020Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
0 USD
CY2020Q1 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
1200000000 USD
CY2019Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
1100000000 USD
CY2020Q1 us-gaap Securities Loaned Gross
SecuritiesLoanedGross
344000000 USD
CY2019Q4 us-gaap Securities Loaned Gross
SecuritiesLoanedGross
606000000 USD
CY2020Q1 hig Securities Loaned Collateral Obligationto Return
SecuritiesLoanedCollateralObligationtoReturn
352000000 USD
CY2019Q4 hig Securities Loaned Collateral Obligationto Return
SecuritiesLoanedCollateralObligationtoReturn
621000000 USD
CY2020Q1 us-gaap Securities For Reverse Repurchase Agreements
SecuritiesForReverseRepurchaseAgreements
14000000 USD
CY2019Q4 us-gaap Securities For Reverse Repurchase Agreements
SecuritiesForReverseRepurchaseAgreements
15000000 USD
CY2020Q1 hig Securities Loaned Collateral Obligationto Return Securities
SecuritiesLoanedCollateralObligationtoReturnSecurities
0 USD
CY2019Q4 hig Securities Loaned Collateral Obligationto Return Securities
SecuritiesLoanedCollateralObligationtoReturnSecurities
34000000 USD
CY2020Q1 us-gaap Assets Held By Insurance Regulators
AssetsHeldByInsuranceRegulators
2500000000 USD
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
47000000 USD
CY2019Q4 us-gaap Assets Held By Insurance Regulators
AssetsHeldByInsuranceRegulators
2300000000 USD
CY2020Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
11854000000 USD
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
13706000000 USD
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-56000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-66000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
40000000 USD
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
103000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
106000000 USD
CY2020Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
11854000000 USD
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
13706000000 USD
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-56000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-66000000 USD
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
47000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
40000000 USD
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
103000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
106000000 USD
CY2020Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-231000000 USD
CY2020Q1 us-gaap Net Investment Income
NetInvestmentIncome
459000000 USD
CY2019Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
163000000 USD
CY2019Q1 us-gaap Net Investment Income
NetInvestmentIncome
470000000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
1000000 USD
CY2020Q1 us-gaap Security Owned And Pledged As Collateral Fair Value
SecurityOwnedAndPledgedAsCollateralFairValue
91000000 USD
CY2019Q4 us-gaap Security Owned And Pledged As Collateral Fair Value
SecurityOwnedAndPledgedAsCollateralFairValue
78000000 USD
CY2020Q1 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
37000000 USD
CY2019Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
16000000 USD
CY2020Q1 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
2000000 USD
CY2019Q4 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
1000000 USD
CY2020Q1 us-gaap Collateral Securities Repledged Delivered Or Used
CollateralSecuritiesRepledgedDeliveredOrUsed
0 USD
CY2020Q1 us-gaap Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged
0 USD
CY2020Q1 us-gaap Premiums Receivable Note
PremiumsReceivableNote
<div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:left;padding-left:0px;text-indent:0px;font-size:18pt;"><span style="font-family:Montserrat,sans-serif;font-size:18pt;color:#1a1a1a;font-style:normal;font-weight:bold;text-decoration:none;">8</span><span style="font-family:Montserrat,sans-serif;font-size:18pt;color:#1a1a1a;font-style:normal;font-weight:bold;text-decoration:none;">. </span><span style="font-family:Montserrat,sans-serif;font-size:18pt;color:#1a1a1a;font-style:normal;font-weight:bold;text-decoration:none;">PREMIUMS RECEIVABLE AND AGENTS' BALANCES</span><span style="font-family:Montserrat,sans-serif;font-size:18pt;color:#1a1a1a;font-style:normal;font-weight:bold;text-decoration:none;"> </span></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:77%;"/><td style="width:1%;"/><td style="width:21%;"/><td style="width:1%;"/></tr><tr><td colspan="4" style="vertical-align:bottom;border-bottom:1px solid #3a5a78;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><span style="font-family:Montserrat,sans-serif;font-size:11pt;color:#3a557c;font-style:normal;font-weight:bold;text-decoration:none;">Premiums Receivable and Agents' Balances </span></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #3a5a78;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">As of March 31, 2020</span></div></td></tr><tr><td style="vertical-align:top;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Premiums receivable, excluding receivables for losses within a deductible and retrospectively-rated policy premiums</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#e2e1e1;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>4,074</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">Receivables for loss within a deductible and retrospectively-rated policy premiums, by credit quality:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#e2e1e1;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">AAA</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">AA</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>150</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#e2e1e1;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">A</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>71</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">BBB</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>216</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#e2e1e1;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">BB</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>112</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Below BB</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>74</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#e2e1e1;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;font-weight:bold;color:#1a1a1a;">Total receivables for losses within a deductible and retrospectively-rated policy premiums</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>623</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;font-weight:bold;color:#1a1a1a;">Total Premiums Receivable and Agents' Balances, Gross</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>4,697</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">ACL</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(139</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #3a5a78;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;font-weight:bold;color:#1a1a1a;">Total Premiums Receivable and Agents' Balances, Net of ACL</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#e2e1e1;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;background-color:#e2e1e1;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>4,558</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Lato,sans-serif;font-size:9pt;"><br/></span></div><div style="line-height:120%;padding-bottom:8px;font-size:13pt;"><span style="font-family:Montserrat,sans-serif;font-size:13pt;color:#1a1a1a;font-style:normal;font-weight:bold;text-decoration:none;">ACL on Premiums Receivable and Agents' Balances</span></div><div style="line-height:120%;padding-bottom:8px;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Premium receivable and agents' balances, excluding receivables for losses within a deductible and retrospectively-rated policy premiums, are primarily comprised of premiums due from policyholders, which are typically collectible within one year or less. The Company had </span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">an immaterial amount</span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"> of receivables with a due date of more than one year that are past-due. Balances are considered past due when amounts that have been billed are not collected within contractually stipulated time periods.</span></div><div style="line-height:120%;padding-bottom:8px;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">For these balances, the ACL is estimated based on an aging of receivables based on recent historical credit loss history and collection experience, adjusted for current economic conditions and reasonable and supportable forecasts, when appropriate. In response to significant economic stress experienced as a result of the COVID-19 pandemic, the Company increased the expected loss factors used to estimate the ACL based on collections experience during past moderate and severe recessions as well as experience during periods, as is the case now, when we provided policyholders additional time to make premiums payments. The ultimate impact to The Company’s financial statements could vary significantly from our estimates depending on the duration and severity of the pandemic, the duration and severity of the economic downturn and the degree to which federal, state and local government actions to mitigate the economic impact of COVID-19 are effective.</span></div><div style="line-height:120%;padding-bottom:8px;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">A portion of the Company's Commercial Lines business is written with large deductibles or under retrospectively-rated plans. Under some commercial insurance contracts with a large deductible, the Company is obligated to pay the claimant the full amount of the claim and the Company is subsequently reimbursed by the policyholder for the deductible amount. As such, the Company is subject to credit risk until reimbursement is made. Retrospectively-rated policies are utilized primarily for workers' compensation coverage, whereby the ultimate premium is adjusted based on actual losses incurred. Although the premium adjustment feature of a retrospectively-rated policy substantially reduces insurance risk for the Company, it presents credit risk to the Company. The Company’s results of operations could be adversely affected if a significant portion of such policyholders failed to reimburse the Company for the deductible amount or the amount of additional premium owed under retrospectively-rated policies. The Company manages these credit risks through credit analysis, collateral requirements, and oversight.</span></div><div style="line-height:120%;padding-bottom:8px;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">The ACL for receivables for loss within a deductible and retrospectively-rated policy premiums is estimated as the amount of the receivable exposed to loss multiplied by estimated factors for probability of default and the amount of loss given a default. The probability of default is assigned based on each policyholder's credit rating, or a rating is estimated if no external rating is available. Credit ratings are reviewed and updated at least annually. The exposure amount is estimated net of collateral and other credit enhancement, considering the nature of the collateral, potential future changes in collateral values, and historical loss information for the type of collateral obtained. The probability of default factors are historical corporate defaults for receivables with similar durations estimated through multiple economic cycles. Credit ratings are forward-looking and consider a variety of economic outcomes. The loss given default factors are based on a study of historical recovery rates for general creditors through multiple economic cycles. The Company's evaluation of the required ACL for receivables for loss within a deductible and retrospectively-rated policy premiums considers the current economic environment as well as the probability-weighted macroeconomic scenarios similar to the approach used for estimating the ACL for mortgage loans. </span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#000000;">See Note </span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#000000;">6</span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#000000;"> - </span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Investments</span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#000000;"> of Notes to Condensed Consolidated Financial Statements. </span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">In response to significant economic stress experienced as a result of the COVID-19 pandemic, the Company increased the weight of both a moderate and severe recession scenario in our estimate of the ACL as of </span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#000000;">March 31, 2020</span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">. The ultimate impact to the Company’s financial statements could vary significantly from our estimates depending on the duration and severity of the pandemic, the duration and severity of the economic downturn and the degree to which federal, state and local government actions to mitigate the economic impact of COVID-19 are effective.</span></div><div style="line-height:120%;padding-bottom:0px;text-align:left;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10" style="padding-left:0px;padding-right:0px;padding-top:4px;padding-bottom:4px;"><div style="line-height:120%;text-align:center;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;"><br/></span></div></td></tr><tr><td style="width:25%;"/><td style="width:1%;"/><td style="width:23%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:23%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:23%;"/><td style="width:1%;"/></tr><tr><td colspan="10" style="vertical-align:bottom;border-bottom:1px solid #3a5a78;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><span style="font-family:Montserrat,sans-serif;font-size:11pt;color:#3a557c;font-style:normal;font-weight:bold;text-decoration:none;">Rollforward of ACL on Premiums Receivable and Agents' Balances for the Three Months Ended March 31, 2020</span></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">Premiums Receivable and Agents' Balances, Excluding Receivables for Loss within a Deductible and Retrospectively-Rated Policy Premiums</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">Receivables for Loss within a Deductible and Retrospectively-Rated Policy Premiums</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;font-weight:bold;color:#1a1a1a;">Beginning ACL</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#e2e1e1;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>(85</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#e2e1e1;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>(60</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#e2e1e1;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>(145</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">)</span></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Cumulative effect of accounting change [1]</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>2</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>21</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>23</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">Adjusted beginning ACL</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>(83</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>(39</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>(122</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Current period provision</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(28</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(2</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(30</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Current period gross write-offs</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>15</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>15</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Current period gross recoveries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(2</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(2</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;font-weight:bold;color:#1a1a1a;">Ending ACL</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#e2e1e1;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;background-color:#e2e1e1;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>(98</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">)</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#e2e1e1;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;background-color:#e2e1e1;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>(41</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">)</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#e2e1e1;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;background-color:#e2e1e1;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>(139</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #3a5a78;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">)</span></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:0px;padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:7.5pt;padding-left:0px;"><span style="font-family:Lato,sans-serif;font-size:7.5pt;color:#1a1a1a;font-style:italic;font-weight:normal;text-decoration:none;">[1]</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:start;font-size:7.5pt;"><span style="font-family:Lato,sans-serif;font-size:7.5pt;color:#1a1a1a;font-style:italic;font-weight:normal;text-decoration:none;">Represents the adjustment to the ACL recorded on adoption of accounting guidance for credit losses on January 1, 2020. For further information refer to Note </span><span style="font-family:Lato;font-size:7.5pt;color:#1a1a1a;font-style:italic;font-weight:normal;text-decoration:none;">1</span><span style="font-family:Lato,sans-serif;font-size:7.5pt;color:#1a1a1a;font-style:italic;font-weight:normal;text-decoration:none;"> - </span><span style="font-family:Lato;font-size:7.5pt;color:#1a1a1a;font-style:italic;font-weight:normal;text-decoration:none;">Basis of Presentation and Significant Accounting Policies</span><span style="font-family:Lato,sans-serif;font-size:7.5pt;color:#1a1a1a;font-style:italic;font-weight:normal;text-decoration:none;"> of Notes to Condensed Consolidated Financial Statements.</span></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">The cumulative effect of accounting changes is attributable to the recognition of an ACL in connection with the adoption of accounting guidance for credit losses on January 1, 2020 that was less than the allowance recognized under the prior guidance. 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 </span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#000000;">Note </span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#000000;">1</span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#000000;"> - </span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#000000;">Basis of Presentation and Significant Accounting Policies</span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"> of Notes to Condensed Consolidated Financial Statements. The increase in the allowance during the three months ended</span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#000000;"> </span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#000000;">March 31, 2020</span><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"> is </span></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">primarily due to adjusting loss factors on premiums receivables and giving more weight to recession scenarios on receivables for loss within a deductible and retrospectively-rated policy premiums in response to the COVID-19 pandemic, as discussed above.</span></div><div style="line-height:120%;padding-bottom:8px;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#000000;">The Company records total credit loss expenses related to premiums receivable in insurance operating costs and other expenses. Write-offs of premiums receivable and agents' balances and any related ACL are recorded in the period in which the balance is deemed uncollectible.</span></div>
CY2020Q1 us-gaap Premiums Receivable Gross
PremiumsReceivableGross
4697000000 USD
CY2020Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
139000000 USD
CY2020Q1 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
4558000000 USD
CY2019Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
145000000 USD
CY2020Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
122000000 USD
CY2020Q1 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
-30000000 USD
CY2020Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
15000000 USD
CY2020Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts Recoveries
PremiumsReceivableAllowanceForDoubtfulAccountsRecoveries
2000000 USD
CY2020Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
139000000 USD
CY2020Q1 us-gaap Reinsurance Recoverables Gross
ReinsuranceRecoverablesGross
5713000000 USD
CY2020Q1 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
5596000000 USD
CY2019Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
48000000 USD
CY2020Q1 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
50000000 USD
CY2020Q1 us-gaap Reinsurance Recoverable Allowance For Credit Loss Period Increase Decrease
ReinsuranceRecoverableAllowanceForCreditLossPeriodIncreaseDecrease
-2000000 USD
CY2020Q1 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
52000000 USD
CY2020Q1 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
0 USD
CY2020Q1 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="line-height:120%;text-align:center;font-size:11pt;"><span style="font-family:Montserrat,sans-serif;font-size:11pt;color:#3a557c;font-style:normal;font-weight:bold;text-decoration:none;">Unfavorable (Favorable) Prior Accident Year Development</span></div><div style="line-height:120%;padding-top:0px;text-align:start;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"/></tr><tr><td style="width:68%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #0c3b60;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #0c3b60;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">For the three months ended March 31,</span></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #0c3b60;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #0c3b60;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">2020</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #0c3b60;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">2019</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Workers’ compensation</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#e2e1e1;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">$</span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(17</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#e2e1e1;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">$</span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(20</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Workers’ compensation discount accretion</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>9</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>8</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">General liability</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>12</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>6</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Marine</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Package business</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>1</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>5</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Commercial property</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(7</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(2</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Professional liability</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>1</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Bond</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Assumed reinsurance</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Automobile liability - Commercial Lines</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>5</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Automobile liability - Personal Lines</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(6</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(5</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Homeowners</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(2</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>1</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Net asbestos reserves </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Net environmental reserves </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Catastrophes</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(13</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>(8</span></span></div></td><td style="vertical-align:bottom;background-color:#e2e1e1;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Uncollectible reinsurance</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Other reserve re-estimates, net </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>11</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>4</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;font-weight:bold;color:#1a1a1a;">Prior accident year development before change in deferred gain</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>(6</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>(11</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">)</span></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;">Change in deferred gain on retroactive reinsurance included in other liabilities [1]</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>29</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#e2e1e1;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#e2e1e1;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #0c3b60;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">Total prior accident year development</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #0c3b60;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #0c3b60;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>23</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #0c3b60;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #0c3b60;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #0c3b60;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;"><span>(11</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #0c3b60;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Lato,sans-serif;font-size:9pt;color:#1a1a1a;font-weight:bold;">)</span></div></td></tr></table></div><span style="font-family:Lato,sans-serif;font-size:7.5pt;"><br/></span></div>
CY2020Q1 hig Changein Deferred Gainon Retroactive Reinsurance
ChangeinDeferredGainonRetroactiveReinsurance
29000000 USD
CY2019Q1 hig Changein Deferred Gainon Retroactive Reinsurance
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0 USD
CY2020Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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72000000 USD
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163000000 USD
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12000000 USD
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IncomeTaxReconciliationTaxExemptIncome
15000000 USD
CY2020Q1 us-gaap Income Tax Reconciliation Nondeductible Expense
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5000000 USD
CY2019Q1 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
4000000 USD
CY2020Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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-6000000 USD
CY2019Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 USD
CY2020Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-1000000 USD
CY2019Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-3000000 USD
CY2020Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1000000 USD
CY2019Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-4000000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
71000000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
145000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
14000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
14000000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
14000000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
14000000 USD
CY2020Q1 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
90000000 USD
CY2020Q1 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
90000000 USD
CY2020Q1 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
90000000 USD
CY2020Q1 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
7000000 USD
CY2020Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
25000000 USD
CY2020Q1 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
1000000 USD
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000.0 USD
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2700000 shares
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
150000000 USD
CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
650000000 USD

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