XML 46 R26.htm IDEA: XBRL DOCUMENT v3.22.1

Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents information for the Company’s operating segments.

Segment Information

						Three Months Ended March 31,
						2022												2021
						Insurance						Asset Management						Insurance						Asset Management
						(in millions)
Third-party revenues						$	276					$	30					$	177					$	18
Intersegment revenues						2						9						2						2
Segment revenues						278						39						179						20
Segment expenses						122						39						106						29
Segment equity in earnings (losses) of investees						(1)						—						19						—
Less: Segment provision (benefit) for income taxes						22						—						13						(2)
Segment adjusted operating income (loss)						$	133					$	—					$	79					$	(7)

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

The tables below present a reconciliation of significant components of segment information to the comparable consolidated amounts.

Reconciliation of Segment Information to Consolidated Information

First Quarter 2022

															Equity in Earnings (Losses) of Investees						Less:												Net Income (Loss) Attributable to AGL
			Revenues						Expenses												Provision (Benefit) for Income Taxes						Noncontrolling Interests
			(in millions)
Segments:
Insurance			$	278					$	122					$	(1)					$	22					$	—					$	133
Asset Management			39						39						—						—						—						—
Total segments			317						161						(1)						22						—						133
Corporate division			1						34						—						—						—						(33)
Other			14						5						(10)						—						9						(10)
Subtotal			332						200						(11)						22						9						90
Reconciling items:
Realized gains (losses) on investments			3						—						—						—						—						3
Non-credit impairment-related unrealized fair value gains (losses) on credit derivatives			(7)						(4)						—						—						—						(3)
Fair value gains (losses) on CCS			1						—						—						—						—						1
Foreign exchange gains (losses) on remeasurement of premiums receivable and loss and LAE reserves			(29)						—						—						—						—						(29)
Tax effect			—						—						—						(4)						—						4
Total consolidated			$	300					$	196					$	(11)					$	18					$	9					$	66

Reconciliation of Segment Information to Consolidated Information

First Quarter 2021

															Equity in Earnings (Losses) of Investees						Less:												Net Income (Loss) Attributable to AGL
			Revenues						Expenses												Provision (Benefit) for Income Taxes						Noncontrolling Interests
			(in millions)
Segments:
Insurance			$	179					$	106					$	19					$	13					$	—					$	79
Asset Management			20						29						—						(2)						—						(7)
Total segments			199						135						19						11						—						72
Corporate division			—						32						—						(3)						—						(29)
Other			21						7						(10)						—						4						—
Subtotal			220						174						9						8						4						43
Reconciling items:
Realized gains (losses) on investments			(3)						—						—						—						—						(3)
Non-credit impairment-related unrealized fair value gains (losses) on credit derivatives			(22)						(3)						—						—						—						(19)
Fair value gains (losses) on CCS			(19)						—						—						—						—						(19)
Foreign exchange gains (losses) on remeasurement of premiums receivable and loss and LAE reserves			1						—						—						—						—						1
Tax effect			—						—						—						(8)						—						8
Total consolidated			$	177					$	171					$	9					$	—					$	4					$	11

X

- Definition

Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration