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Schedule V - Valuation Allowances and Qualifying Accounts | 12 Months Ended
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Dec. 31, 2020
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] |
Schedule V — Valuation Allowances and Qualifying Accounts | Schedule V — Valuation Allowances and Qualifying Accounts
($ in millions) |  |  |  | Additions |  |  |  |
Description |  | Balance as of beginning of period (1) |  | Charged to costs and expenses |  | Other additions |  | Deductions |  | Balance as of end of period
Year ended December 31, 2020 |  |  |  |  |  |  |  |  |  |
Fixed income securities |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 3 |
Mortgage loans |  | 45 |  |  | 39 |  |  | — |  |  | 17 |  |  | 67 |
Other investments |  |  |  |  |  |  |  |  |  |
Bank loans |  | 53 |  |  | 28 |  |  | — |  |  | 14 |  |  | 67 |
Agent loans |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |
Investments |  | 103 |  |  | 72 |  |  | — |  |  | 33 |  |  | 142 |
Premium installment receivable |  | 91 |  |  | 223 |  |  | — |  |  | 161 |  |  | 153 |
Reinsurance recoverables |  | 74 |  |  | — |  |  | — |  |  | — |  |  | 74 |
Other assets |  | 18 |  |  | 5 |  |  | — |  |  | — |  |  | 23 |
Assets |  | 286 |  |  | 300 |  |  | — |  |  | 194 |  |  | 392 |
Commitments to fund mortgage loans, bank loans and agent loans |  | 3 |  |  | — |  |  | — |  |  | 2 |  |  | 1 |
Liabilities |  | 3 |  |  | — |  |  | — |  |  | 2 |  |  | 1 |
Total |  | $ | 289 |  |  | $ | 300 |  |  | $ | — |  |  | $ | 196 |  |  | $ | 393 |
Year ended December 31, 2019 |  |  |  |  |  |  |  |  |  |
Reinsurance recoverables |  | $ | 65 |  |  | $ | (2) |  |  | $ | — |  |  | $ | — |  |  | $ | 63 |
Premium installment receivable |  | 77 |  |  | 137 |  |  | — |  |  | 124 |  |  | 90 |
Deferred tax assets |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Mortgage loans |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Agent loans |  | 2 |  |  | 1 |  |  | — |  |  | — |  |  | 3 |
Year ended December 31, 2018 |  |  |  |  |  |  |  |  |  |
Reinsurance recoverables |  | $ | 70 |  |  | $ | (5) |  |  | $ | — |  |  | $ | — |  |  | $ | 65 |
Premium installment receivable |  | 77 |  |  | 118 |  |  | — |  |  | 118 |  |  | 77 |
Deferred tax assets |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Mortgage loans |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Agent loans |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
(1)Effective January 1, 2020, the Company adopted the measurement of credit losses on financial instruments accounting standard that primarily affected mortgage loans, bank loans and reinsurance recoverables. After consideration of existing valuation allowances maintained prior to adopting the new guidance, the Company increased its valuation allowances for credit losses at January 1, 2020 to conform to the new requirements.

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- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24092-122690 + Details
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- References No definition available. + Details
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