XML 44 R21.htm IDEA: XBRL DOCUMENT
v3.20.4

Other (income) expense | 12 Months Ended
--- | ---
Dec. 31, 2020
Other Income and Expenses [Abstract] |
Other (income) expense | Other income and expense
| Year Ended December 31
(in millions of U.S. dollars) | 2020 |  |  | 2019 |  | 2018 |
Equity in net income of partially-owned entities (1) | $ | 1,019 |  |  | $ | 617 |  |  | $ | 514 |
Gains (losses) from fair value changes in separate account assets (2) | 58 |  |  | 44 |  |  | (38) |
Federal excise and capital taxes | (22) |  |  | (23) |  |  | (12) |
Other | (61) |  |  | (42) |  |  | (30) |
Total | $ | 994 |  |  | $ | 596 |  |  | $ | 434 |
(1) Equity in net income of partially-owned entities includes $167 million, $74 million, and $43 million attributable to our investments in Huatai (Huatai Group, Huatai P&C, and Huatai Life) for the years ended December 31, 2020, 2019, and 2018, respectively. (2) Related to gains (losses) from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP. Other income and expense includes equity in net income of partially-owned entities, which includes our share of net income or loss, both underlying operating income and mark-to-market movement, related to partially-owned investment companies (private equity) and partially-owned insurance companies. Also included in Other income and expense are gains (losses) from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP. The offsetting movement in the separate account liabilities is included in Policy benefits in the Consolidated statements of operations. Certain federal excise and capital taxes incurred as a result of capital management initiatives are included in Other income and expense as these are considered capital transactions and are excluded from underwriting results.

X
- References No definition available. + Details
Name: | us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI http://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI http://asc.fasb.org/topic&trid=49130413 + Details
Name: | us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration