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Investments (Tables) | 12 Months Ended
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Dec. 31, 2019
Investments [Abstract] |
Schedule of amortized cost, gross unrealized gains (losses) and fair value for fixed income securities |
Amortized cost, gross unrealized gains (losses) and fair value for fixed income securities
|  | Amortized cost |  | Gross unrealized |  | Fair value
($ in millions) |  |  | Gains |  | Losses |
December 31, 2019 |  |  |  |  |  |  |  |
U.S. government and agencies |  | $ | 4,971 |  |  | $ | 141 |  |  | $ | (26 | ) |  | $ | 5,086 |
Municipal |  | 8,080 |  |  | 551 |  |  | (11 | ) |  | 8,620 |
Corporate |  | 41,090 |  |  | 2,035 |  |  | (47 | ) |  | 43,078 |
Foreign government |  | 968 |  |  | 16 |  |  | (5 | ) |  | 979 |
ABS |  | 860 |  |  | 8 |  |  | (6 | ) |  | 862 |
MBS |  | 324 |  |  | 96 |  |  | (1 | ) |  | 419 |
Total fixed income securities |  | $ | 56,293 |  |  | $ | 2,847 |  |  | $ | (96 | ) |  | $ | 59,044 |
December 31, 2018 |  |  |  |  |  |  |  |
U.S. government and agencies |  | $ | 5,386 |  |  | $ | 137 |  |  | $ | (6 | ) |  | $ | 5,517 |
Municipal |  | 8,963 |  |  | 249 |  |  | (43 | ) |  | 9,169 |
Corporate |  | 40,557 |  |  | 491 |  |  | (890 | ) |  | 40,158 |
Foreign government |  | 739 |  |  | 13 |  |  | (5 | ) |  | 747 |
ABS |  | 1,049 |  |  | 6 |  |  | (10 | ) |  | 1,045 |
MBS |  | 440 |  |  | 97 |  |  | (3 | ) |  | 534 |
Total fixed income securities |  | $ | 57,134 |  |  | $ | 993 |  |  | $ | (957 | ) |  | $ | 57,170 |
Schedule for fixed income securities based on contractual maturities |
Scheduled maturities for fixed income securities
|  | As of December 31, 2019
($ in millions) |  | Amortized cost |  | Fair value
Due in one year or less |  | $ | 3,214 |  |  | $ | 3,239 |
Due after one year through five years |  | 24,108 |  |  | 24,781 |
Due after five years through ten years |  | 18,194 |  |  | 19,177 |
Due after ten years |  | 9,593 |  |  | 10,566 |
|  | 55,109 |  |  | 57,763 |
ABS and MBS |  | 1,184 |  |  | 1,281 |
Total |  | $ | 56,293 |  |  | $ | 59,044 |
Schedule of realized capital gains and losses by asset type |
Realized capital gains (losses) by asset type
|  | For the years ended December 31,
($ in millions) |  | 2019 |  | 2018 |  | 2017
Fixed income securities |  | $ | 461 |  |  | $ | (237 | ) |  | $ | 94 |
Equity securities |  | 1,210 |  |  | (594 | ) |  | 255 |
Mortgage loans |  | — |  |  | 2 |  |  | 1 |
Limited partnership interests |  | 200 |  |  | (101 | ) |  | 132 |
Derivatives |  | (15 | ) |  | 46 |  |  | (46 | )
Other |  | 29 |  |  | 7 |  |  | 9 |
Realized capital gains and losses |  | $ | 1,885 |  |  | $ | (877 | ) |  | $ | 445 |
Schedule of realized capital gains and losses by transaction type |
Realized capital gains (losses) by transaction type
|  | For the years ended December 31,
($ in millions) |  | 2019 |  | 2018 |  | 2017
Impairment write-downs |  | $ | (47 | ) |  | $ | (14 | ) |  | $ | (102 | )
Change in intent write-downs |  | — |  |  | — |  |  | (48 | )
Net OTTI losses recognized in earnings |  | (47 | ) |  | (14 | ) |  | (150 | )
Sales |  | 575 |  |  | (215 | ) |  | 641 |
Valuation of equity investments (1) |  | 1,372 |  |  | (691 | ) |  | — |
Valuation and settlements of derivative instruments |  | (15 | ) |  | 43 |  |  | (46 | )
Realized capital gains and losses |  | $ | 1,885 |  |  | $ | (877 | ) |  | $ | 445 |
(1) Includes valuation of equity securities and certain limited partnership interests where the underlying assets are predominately public equity securities.
Realized gain (loss) on investments | The following table presents the net pre-tax appreciation (decline) recognized in net income of equity securities and limited partnership interests carried at fair value that are still held as of December 31, 2019 and 2018, respectively.
Net appreciation (decline) recognized in net income
|  | For the years ended December 31,
($ in millions) |  | 2019 |  | 2018
Equity securities |  | $ | 1,073 |  |  | $ | (261 | )
Limited partnership interests carried at fair value |  | 149 |  |  | 249 |
Total |  | $ | 1,222 |  |  | $ | (12 | )
Net investment income
|  | For the years ended December 31,
($ in millions) |  | 2019 |  | 2018 |  | 2017
Fixed income securities |  | $ | 2,175 |  |  | $ | 2,077 |  |  | $ | 2,078 |
Equity securities |  | 206 |  |  | 170 |  |  | 174 |
Mortgage loans |  | 220 |  |  | 217 |  |  | 206 |
Limited partnership interests |  | 471 |  |  | 705 |  |  | 889 |
Short-term investments |  | 102 |  |  | 73 |  |  | 30 |
Other |  | 262 |  |  | 272 |  |  | 236 |
Investment income, before expense |  | 3,436 |  |  | 3,514 |  |  | 3,613 |
Investment expense |  | (277 | ) |  | (274 | ) |  | (212 | )
Net investment income |  | $ | 3,159 |  |  | $ | 3,240 |  |  | $ | 3,401 |
Schedule of other-than-temporary impairment losses by asset type |
OTTI losses by asset type
|  | For the years ended December 31,
($ in millions) |  | 2019 |  | 2018 |  | 2017
|  | Gross |  | Included in OCI |  | Net |  | Gross |  | Included in OCI |  | Net |  | Gross |  | Included in OCI |  | Net
Fixed income securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal |  | $ | (2 | ) |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (1 | ) |  | $ | (3 | ) |  | $ | (4 | )
Corporate |  | (5 | ) |  | (2 | ) |  | (7 | ) |  | (4 | ) |  | 2 |  |  | (2 | ) |  | (9 | ) |  | 3 |  |  | (6 | )
ABS |  | (4 | ) |  | — |  |  | (4 | ) |  | (1 | ) |  | (2 | ) |  | (3 | ) |  | (1 | ) |  | (2 | ) |  | (3 | )
MBS |  | (4 | ) |  | 1 |  |  | (3 | ) |  | (4 | ) |  | (1 | ) |  | (5 | ) |  | (11 | ) |  | (2 | ) |  | (13 | )
Total fixed income securities |  | (15 | ) |  | 1 |  |  | (14 | ) |  | (9 | ) |  | (1 | ) |  | (10 | ) |  | (22 | ) |  | (4 | ) |  | (26 | )
Equity securities |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (86 | ) |  | — |  |  | (86 | )
Mortgage loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Limited partnership interests |  | (6 | ) |  | — |  |  | (6 | ) |  | (3 | ) |  | — |  |  | (3 | ) |  | (32 | ) |  | — |  |  | (32 | )
Other |  | (27 | ) |  | — |  |  | (27 | ) |  | (1 | ) |  | — |  |  | (1 | ) |  | (5 | ) |  | — |  |  | (5 | )
OTTI losses |  | $ | (48 | ) |  | $ | 1 |  |  | $ | (47 | ) |  | $ | (13 | ) |  | $ | (1 | ) |  | $ | (14 | ) |  | $ | (146 | ) |  | $ | (4 | ) |  | $ | (150 | )
Schedule of other-than-temporary impairment losses on fixed income securities included in Accumulated Other Comprehensive Income |
OTTI losses included in AOCI at the time of impairment for fixed income securities which were not included in earnings (1)
|  | As of December 31,
($ in millions) |  | 2019 |  | 2018
Municipal |  | $ | (7 | ) |  | $ | (5 | )
Corporate |  | — |  |  | (2 | )
ABS |  | (10 | ) |  | (10 | )
MBS |  | (56 | ) |  | (69 | )
Total |  | $ | (73 | ) |  | $ | (86 | )
(1) The amounts exclude $161 million and $180 million as of December 31, 2019 and 2018, respectively, of net unrealized gains related to changes in valuation of the fixed income securities subsequent to the impairment measurement date.
Schedule of credit losses on fixed income securities recognized in earnings |
Rollforward of the cumulative credit losses recognized in earnings for fixed income securities held
|  | As of December 31,
($ in millions) |  | 2019 |  | 2018 |  | 2017
Beginning balance |  | $ | (204 | ) |  | $ | (226 | ) |  | $ | (318 | )
Additional credit loss for securities previously other-than-temporarily impaired |  | (10 | ) |  | (7 | ) |  | (18 | )
Additional credit loss for securities not previously other-than-temporarily impaired |  | (4 | ) |  | (3 | ) |  | (8 | )
Reduction in credit loss for securities disposed or collected |  | 32 |  |  | 30 |  |  | 116 |
Change in credit loss due to accretion of increase in cash flows |  | — |  |  | 2 |  |  | 2 |
Ending balance |  | $ | (186 | ) |  | $ | (204 | ) |  | $ | (226 | )
Schedule of unrealized net capital gains and losses |
Unrealized net capital gains and losses included in AOCI
($ in millions) |  | Fair value |  | Gross unrealized |  | Unrealized net gains (losses)
December 31, 2019 |  |  | Gains |  | Losses |
Fixed income securities |  | $ | 59,044 |  |  | $ | 2,847 |  |  | $ | (96 | ) |  | $ | 2,751 |
Short-term investments |  | 4,256 |  |  | — |  |  | — |  |  | — |
Derivative instruments |  | — |  |  | — |  |  | (3 | ) |  | (3 | )
EMA limited partnerships (1) |  |  |  |  |  |  |  | (4 | )
Unrealized net capital gains and losses, pre-tax |  |  |  |  |  |  |  | 2,744 |
Amounts recognized for: |  |  |  |  |  |  |  |
Insurance reserves (2) |  |  |  |  |  |  |  | (126 | )
DAC and DSI (3) |  |  |  |  |  |  |  | (224 | )
Amounts recognized |  |  |  |  |  |  |  | (350 | )
Deferred income taxes |  |  |  |  |  |  |  | (507 | )
Unrealized net capital gains and losses, after-tax |  |  |  |  |  |  |  | $ | 1,887 |
December 31, 2018 |  |  |  |  |  |  |  |
Fixed income securities |  | $ | 57,170 |  |  | $ | 993 |  |  | $ | (957 | ) |  | $ | 36 |
Short-term investments |  | 3,027 |  |  | — |  |  | — |  |  | — |
Derivative instruments |  | — |  |  | — |  |  | (3 | ) |  | (3 | )
EMA limited partnerships |  |  |  |  |  |  |  | — |
Unrealized net capital gains and losses, pre-tax |  |  |  |  |  |  |  | 33 |
Amounts recognized for: |  |  |  |  |  |  |  |
Insurance reserves |  |  |  |  |  |  |  | — |
DAC and DSI |  |  |  |  |  |  |  | (33 | )
Amounts recognized |  |  |  |  |  |  |  | (33 | )
Deferred income taxes |  |  |  |  |  |  |  | (2 | )
Unrealized net capital gains and losses, after-tax |  |  |  |  |  |  |  | $ | (2 | )
(1) | Unrealized net capital gains and losses for limited partnership interests represent the Company’s share of EMA limited partnerships’ OCI. Fair value and gross unrealized gains and losses are not applicable.
(2) | The insurance reserves adjustment represents the amount by which the reserve balance would increase if the net unrealized gains in the applicable product portfolios were realized and reinvested at lower interest rates, resulting in a premium deficiency. This adjustment primarily relates to structured settlement annuities with life contingencies (a type of immediate fixed annuities).
(3) | The DAC and DSI adjustment balance represents the amount by which the amortization of DAC and DSI would increase or decrease if the unrealized gains or losses in the respective product portfolios were realized.
Change in unrealized net capital gains (losses)
|  | For the years ended December 31,
($ in millions) |  | 2019 |  | 2018 |  | 2017
Fixed income securities |  | $ | 2,715 |  |  | $ | (1,431 | ) |  | $ | 204 |
Equity securities (1) |  | — |  |  | — |  |  | 651 |
Derivative instruments |  | — |  |  | (2 | ) |  | (3 | )
EMA limited partnerships |  | (4 | ) |  | (1 | ) |  | 5 |
Total |  | 2,711 |  |  | (1,434 | ) |  | 857 |
Amounts recognized for: |  |  |  |  |  |
Insurance reserves |  | (126 | ) |  | 315 |  |  | (315 | )
DAC and DSI |  | (191 | ) |  | 163 |  |  | (50 | )
Amounts recognized |  | (317 | ) |  | 478 |  |  | (365 | )
Deferred income taxes |  | (505 | ) |  | 202 |  |  | 117 |
Increase (decrease) in unrealized net capital gains and losses, after-tax |  | $ | 1,889 |  |  | $ | (754 | ) |  | $ | 609 |
Schedule of change in unrealized net capital gains and losses |
Change in unrealized net capital gains (losses)
|  | For the years ended December 31,
($ in millions) |  | 2019 |  | 2018 |  | 2017
Fixed income securities |  | $ | 2,715 |  |  | $ | (1,431 | ) |  | $ | 204 |
Equity securities (1) |  | — |  |  | — |  |  | 651 |
Derivative instruments |  | — |  |  | (2 | ) |  | (3 | )
EMA limited partnerships |  | (4 | ) |  | (1 | ) |  | 5 |
Total |  | 2,711 |  |  | (1,434 | ) |  | 857 |
Amounts recognized for: |  |  |  |  |  |
Insurance reserves |  | (126 | ) |  | 315 |  |  | (315 | )
DAC and DSI |  | (191 | ) |  | 163 |  |  | (50 | )
Amounts recognized |  | (317 | ) |  | 478 |  |  | (365 | )
Deferred income taxes |  | (505 | ) |  | 202 |  |  | 117 |
Increase (decrease) in unrealized net capital gains and losses, after-tax |  | $ | 1,889 |  |  | $ | (754 | ) |  | $ | 609 |
(1) | Upon adoption of the recognition and measurement accounting standard on January 1, 2018, $1.16 billion of pre-tax unrealized net capital gains for equity securities were reclassified from AOCI to retained income.
Schedule of gross unrealized losses and fair value of available for sale securities by length of time |
Gross unrealized losses and fair value by type and length of time held in a continuous unrealized loss position
|  | Less than 12 months |  | 12 months or more |  |
($ in millions) |  | Number of issues |  | Fair value |  | Unrealized losses |  | Number of issues |  | Fair value |  | Unrealized losses |  | Total unrealized losses
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed income securities |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government and agencies |  | 31 |  |  | $ | 1,713 |  |  | $ | (26 | ) |  | 10 |  |  | $ | 26 |  |  | $ | — |  |  | $ | (26 | )
Municipal |  | 307 |  |  | 576 |  |  | (9 | ) |  | 1 |  |  | 14 |  |  | (2 | ) |  | (11 | )
Corporate |  | 186 |  |  | 1,392 |  |  | (20 | ) |  | 65 |  |  | 485 |  |  | (27 | ) |  | (47 | )
Foreign government |  | 55 |  |  | 412 |  |  | (4 | ) |  | 6 |  |  | 102 |  |  | (1 | ) |  | (5 | )
ABS |  | 36 |  |  | 193 |  |  | (2 | ) |  | 23 |  |  | 160 |  |  | (4 | ) |  | (6 | )
MBS |  | 27 |  |  | 15 |  |  | — |  |  | 123 |  |  | 14 |  |  | (1 | ) |  | (1 | )
Total fixed income securities |  | 642 |  |  | $ | 4,301 |  |  | $ | (61 | ) |  | 228 |  |  | $ | 801 |  |  | $ | (35 | ) |  | $ | (96 | )
Investment grade fixed income securities |  | 581 |  |  | $ | 3,878 |  |  | $ | (41 | ) |  | 185 |  |  | $ | 594 |  |  | $ | (20 | ) |  | $ | (61 | )
Below investment grade fixed income securities |  | 61 |  |  | 423 |  |  | (20 | ) |  | 43 |  |  | 207 |  |  | (15 | ) |  | (35 | )
Total fixed income securities |  | 642 |  |  | $ | 4,301 |  |  | $ | (61 | ) |  | 228 |  |  | $ | 801 |  |  | $ | (35 | ) |  | $ | (96 | )
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed income securities |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government and agencies |  | 11 |  |  | $ | 55 |  |  | $ | — |  |  | 38 |  |  | $ | 364 |  |  | $ | (6 | ) |  | $ | (6 | )
Municipal |  | 943 |  |  | 1,633 |  |  | (10 | ) |  | 1,147 |  |  | 1,554 |  |  | (33 | ) |  | (43 | )
Corporate |  | 1,736 |  |  | 19,243 |  |  | (543 | ) |  | 645 |  |  | 8,374 |  |  | (347 | ) |  | (890 | )
Foreign government |  | 7 |  |  | 20 |  |  | (1 | ) |  | 27 |  |  | 412 |  |  | (4 | ) |  | (5 | )
ABS |  | 64 |  |  | 454 |  |  | (5 | ) |  | 28 |  |  | 161 |  |  | (5 | ) |  | (10 | )
MBS |  | 169 |  |  | 37 |  |  | — |  |  | 197 |  |  | 52 |  |  | (3 | ) |  | (3 | )
Total fixed income securities |  | 2,930 |  |  | $ | 21,442 |  |  | $ | (559 | ) |  | 2,082 |  |  | $ | 10,917 |  |  | $ | (398 | ) |  | $ | (957 | )
Investment grade fixed income securities |  | 2,348 |  |  | $ | 17,485 |  |  | $ | (331 | ) |  | 2,021 |  |  | $ | 10,626 |  |  | $ | (360 | ) |  | $ | (691 | )
Below investment grade fixed income securities |  | 582 |  |  | 3,957 |  |  | (228 | ) |  | 61 |  |  | 291 |  |  | (38 | ) |  | (266 | )
Total fixed income securities |  | 2,930 |  |  | $ | 21,442 |  |  | $ | (559 | ) |  | 2,082 |  |  | $ | 10,917 |  |  | $ | (398 | ) |  | $ | (957 | )
Gross unrealized losses by unrealized loss position and credit quality as of December 31, 2019
($ in millions) |  | Investment grade |  | Below investment grade |  | Total
Fixed income securities with unrealized loss position less than 20% of amortized cost (1) (2) |  | $ | (48 | ) |  | $ | (27 | ) |  | $ | (75 | )
Fixed income securities with unrealized loss position greater than or equal to 20% of amortized cost (3) (4) |  | (13 | ) |  | (8 | ) |  | (21 | )
Total unrealized losses |  | $ | (61 | ) |  | $ | (35 | ) |  | $ | (96 | )
(1) | Below investment grade fixed income securities include $14 million that have been in an unrealized loss position for less than twelve months.
(2) | Related to securities with an unrealized loss position less than 20% of amortized cost, the degree of which suggests that these securities do not pose a high risk of being other-than-temporarily impai red.
(3) | No below investment grade fixed income securities have been in an unrealized loss position for a period of twelve or more consecutive months.
(4) Evaluated based on factors such as discounted cash flows and the financial condition and near-term and long-term prospects of the issue or issuer and were determined to have adequate resources to fulfill contractual obligations.
Principal geographic distribution of commercial real estate represented in the mortgage portfolio |
Principal geographic distribution of commercial real estate exceeding 5% of the mortgage loans portfolio
|  | As of December 31,
(% of mortgage loan portfolio carrying value) |  | 2019 |  | 2018
Texas |  | 16.9 | % |  | 14.9 | %
California |  | 15.1 |  |  | 16.4 |
Illinois |  | 7.1 |  |  | 7.8 |
Florida |  | 6.4 |  |  | 6.1 |
New Jersey |  | 5.6 |  |  | 6.8 |
North Carolina |  | 4.5 |  |  | 5.1 |
Types of property collateralizing the mortgage loans |
Types of properties collateralizing the mortgage loan portfolio
|  | As of December 31,
(% of mortgage loan portfolio carrying value) |  | 2019 |  | 2018
Apartment complex |  | 36.8 | % |  | 34.4 | %
Office buildings |  | 22.6 |  |  | 24.5 |
Warehouse |  | 16.8 |  |  | 15.8 |
Retail |  | 13.4 |  |  | 14.4 |
Other |  | 10.4 |  |  | 10.9 |
Total |  | 100.0 | % |  | 100.0 | %
Contractual maturities of the commercial mortgage loan portfolio |
Contractual maturities of the mortgage loan portfolio
|  | As of December 31, 2019
($ in millions) |  | Number of loans |  | Carrying value |  | Percent
2020 |  | 9 |  |  | $ | 58 |  |  | 1.2 | %
2021 |  | 36 |  |  | 446 |  |  | 9.3 |
2022 |  | 28 |  |  | 460 |  |  | 9.5 |
2023 |  | 52 |  |  | 776 |  |  | 16.1 |
Thereafter |  | 161 |  |  | 3,077 |  |  | 63.9 |
Total |  | 286 |  |  | $ | 4,817 |  |  | 100.0 | %
Carrying value of non-impaired fixed and variable rate mortgage loans by debt service coverage ratio distribution |
Carrying value of non-impaired mortgage loans summarized by debt service coverage ratio distribution
|  | As of December 31,
($ in millions) |  | 2019 |  | 2018
Debt Service Coverage Ratio Distribution |  | Fixed rate mortgage loans |  | Variable rate mortgage loans |  | Total |  | Fixed rate mortgage loans |  | Variable rate mortgage loans |  | Total
Below 1.0 |  | $ | 13 |  |  | $ | 32 |  |  | $ | 45 |  |  | $ | 6 |  |  | $ | 31 |  |  | $ | 37 |
1.0 - 1.25 |  | 225 |  |  | — |  |  | 225 |  |  | 273 |  |  | — |  |  | 273 |
1.26 - 1.50 |  | 1,219 |  |  | 18 |  |  | 1,237 |  |  | 1,192 |  |  | — |  |  | 1,192 |
Above 1.50 |  | 3,264 |  |  | 38 |  |  | 3,302 |  |  | 3,063 |  |  | 101 |  |  | 3,164 |
Total non-impaired mortgage loans |  | $ | 4,721 |  |  | $ | 88 |  |  | $ | 4,809 |  |  | $ | 4,534 |  |  | $ | 132 |  |  | $ | 4,666 |
Net carrying value of impaired mortgage loans |
Net carrying value of impaired mortgage loans
|  | As of December 31,
($ in millions) |  | 2019 |  | 2018
Impaired mortgage loans with a valuation allowance |  | $ | 8 |  |  | $ | 4 |
Impaired mortgage loans without a valuation allowance |  | — |  |  | — |
Total impaired mortgage loans |  | $ | 8 |  |  | $ | 4 |
Valuation allowance on impaired mortgage loans |  | $ | 3 |  |  | $ | 3 |
Valuation allowance on impaired mortgage loans |
Rollforward of the valuation allowance on impaired mortgage loans
|  | For the years ended December 31,
($ in millions) |  | 2019 |  | 2018 |  | 2017
Beginning balance |  | $ | 3 |  |  | $ | 3 |  |  | $ | 3 |
Net increase in valuation allowance |  | — |  |  | — |  |  | 1 |
Charge offs |  | — |  |  | — |  |  | (1 | )
Ending balance |  | $ | 3 |  |  | $ | 3 |  |  | $ | 3 |
Principal geographic distribution of municipal bond |
Principal geographic distribution of municipal bond issuers exceeding 5% of the portfolio
|  | As of December 31,
(% of municipal bond portfolio carrying value) |  | 2019 |  | 2018
Texas |  | 12.7 | % |  | 12.3 | %
California |  | 8.6 |  |  | 7.4 |
Colorado |  | 5.8 |  |  | 4.0 |
Washington |  | 5.5 |  |  | 6.2 |
New York |  | 3.7 |  |  | 5.6 |
Schedule of other investments, by type |
Other investments by asset type
($ in millions) |  | December 31, 2019 |  | December 31, 2018
Bank loans |  | $ | 1,204 |  |  | $ | 1,350 |
Real estate |  | 1,005 |  |  | 791 |
Policy loans |  | 894 |  |  | 891 |
Agent loans |  | 666 |  |  | 620 |
Derivatives and other |  | 236 |  |  | 200 |
Total |  | $ | 4,005 |  |  | $ | 3,852 |

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- Definition This item represents the schedule of change in unrealized net capital gains and losses by type of securities. + References No definition available. + Details
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- Definition This element represents the details of the commercial mortgage loan portfolio by contractual maturity. + References No definition available. + Details
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- Definition This item represents the schedule of realized gains and losses reported in the statement of income by type of securities. + References No definition available. + Details
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- Definition This item represents the schedule of realized gains and losses reported in the statement of income by type of transactions. + References No definition available. + Details
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- Definition Schedule of commercial real estate represented in the mortgage portfolio, by states representing a significant concentration of the total carrying value. + References No definition available. + Details
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- Definition Schedule of supplemental data and information pertaining to each mortgage loan receivable that equals or exceeds three percent of the carrying amount of mortgages, and other required disclosures. + References No definition available. + Details
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- Definition This element represents the schedule of net carrying value and the related valuation allowance of impaired mortgage loans. + References No definition available. + Details
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- Definition This item represents the schedule of other-than-temporary impairment losses recognized in statement of income and other comprehensive income by asset type. + References No definition available. + Details
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- Definition This item represents the schedule of other-than-temporary impairment losses on fixed income securities included in Accumulated Other Comprehensive Income. + References No definition available. + Details
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- Definition This element represents the schedule of principal geographic distribution of municipal bond. + References No definition available. + Details
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- Definition This item represents the schedule of unrealized net capital gains and losses recorded in accumulated other comprehensive income by type of securities. + References No definition available. + Details
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- Definition Schedule of Other Investments, By Type [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953659-111524 + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
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- Definition Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27340-111563 + Details
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- Definition Tabular disclosure of realized gains and losses on investments reported in the statement of income. + References No definition available. + Details
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- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27290-111563 + Details
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