XML 39 R16.htm IDEA: XBRL DOCUMENT
v3.19.1

Reinsurance | 3 Months Ended
--- | ---
Mar. 31, 2019
Reinsurance Disclosures [Abstract] |
Reinsurance |
Note 9 | Reinsurance
Effects of reinsurance ceded on property and casualty premiums earned and life premiums and contract charges
($ in millions) |  | Three months ended March 31,
| 2019 |  | 2018
Property and casualty insurance premiums earned |  | $ | (260 | ) |  | $ | (239 | )
Life premiums and contract charges |  | (63 | ) |  | (72 | )
Effects of reinsurance ceded on property and casualty insurance claims and claims expense, life contract benefits and interest credited to contractholder funds
($ in millions) |  | Three months ended March 31,
| 2019 |  | 2018
Property and casualty insurance claims and claims expense |  | $ | (91 | ) |  | $ | (187 | )
Life contract benefits |  | (23 | ) |  | (49 | )
Interest credited to contractholder funds |  | (3 | ) |  | (4 | )
Reinsurance Recoverables As of March 31, 2019, the Company had $9.37 billion of reinsurance and indemnification recoverables, including $796 million of reinsurance recoverables for its life insurance business. Of the $796 million, the Company had $63 million of reinsurance recoverables, net of an allowance for estimated uncollectible amounts, related to a third party reinsurer Scottish Re (U.S.), Inc. On December 14, 2018, the Delaware Insurance Commissioner placed Scottish Re (U.S.), Inc. under regulatory supervision. On March 6, 2019, the Chancery Court of the State of Delaware entered a Rehabilitation and Injunction Order (the “Rehabilitation Order”) in response to a petition filed by the Insurance Commissioner (the “Petition”). Pursuant to the Petition, it is expected that Scottish Re (U.S.), Inc. will submit a Plan of Rehabilitation within a 120-day period from the date of the Rehabilitation Order and will not make payments relating to the claims or losses of ceding insurers during this period. The Company continues to monitor Scottish Re (U.S.), Inc. for future developments and will reevaluate its allowance for uncollectible amounts as new information becomes available.

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

X
- Definition The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -URI http://asc.fasb.org/topic&trid=2303980 + Details
Name: | us-gaap_ReinsuranceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration