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Segment Information Level 1 (Notes)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Information
The Company currently conducts business principally in six reporting segments, as well as a Corporate category. The Company's revenues from continuing operations are generated primarily in the United States ("U.S."). Any foreign sourced revenue in continuing operations is immaterial.
The Company’s reporting segments, as well as the Corporate category, are as follows:
Commercial Lines
Commercial Lines provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the U.S., along with a variety of customized insurance products and risk management services including professional liability, bond, surety, and specialty casualty coverages.
Personal Lines
Personal Lines provides standard automobile, homeowners and personal umbrella coverages to individuals across the U.S., including a special program designed exclusively for members of AARP.
Property & Casualty Other Operations
Property & Casualty Other Operations includes certain property and casualty operations, managed by the Company, that have discontinued writing new business and includes substantially all of the Company’s asbestos and environmental exposures.
Group Benefits
Group Benefits provides employers, associations and financial institutions with group life, accident and disability coverage, along with other products and services, including voluntary benefits, and group retiree health.
Mutual Funds
Mutual Funds offers investment products for retail and retirement accounts as well as ETPs and provides investment management and administrative services such as product design, implementation and oversight. This business also includes a portion of the run-off of the mutual funds which support the Company's variable annuity products.
Talcott Resolution
Talcott Resolution is comprised of run-off business from the Company's individual annuity, institutional, and private-placement life insurance businesses. The Company's individual annuity business consists of variable, fixed, and payout annuity products. In addition, Talcott Resolution includes the retained yen denominated fixed payout annuity liabilities, as well as the Company's discontinued operations from HLIKK prior to its sale in 2014.
Corporate
The Company includes in the Corporate category the Company’s capital raising activities (including debt financing and related interest expense), purchase accounting adjustments related to goodwill and other expenses not allocated to the reporting segments.
Financial Measures and Other Segment Information
Certain transactions between segments occur during the year that primarily relate to tax settlements, insurance coverage, expense reimbursements, services provided, security transfers and capital contributions. Also, one segment may purchase annuity contracts from another to fund pension costs and to settle certain group life claims. In addition, certain inter-segment transactions occur that relate to interest income on allocated surplus. Consolidated net investment income is unaffected by such transactions.
Revenues
 
For the years ended December 31,
 
2016
2015
2014
Earned premiums and fee income:
 
 
 
Commercial Lines
 
 
 
Workers’ compensation
$
3,174

$
3,051

$
2,971

Liability
585

567

582

Package business
1,229

1,203

1,163

Automobile
640

614

591

Professional liability
230

221

213

Bond
218

218

210

Property
575

637

559

Total Commercial Lines
6,651

6,511

6,289

Personal Lines
 

 

 

Automobile
2,720

2,671

2,613

Homeowners
1,178

1,202

1,193

Total Personal Lines [1]
3,898

3,873

3,806

Property & Casualty Other Operations

32

1

Group Benefits
 

 

 

Group disability
1,506

1,479

1,450

Group life
1,512

1,477

1,478

Other
205

180

167

Total Group Benefits
3,223

3,136

3,095

Mutual Funds
 

 

 

Mutual Fund
601

607

586

Talcott Resolution
100

116

137

Total Mutual Funds
701

723

723

Talcott Resolution
1,044

1,133

1,407

Corporate
4

8

11

Total earned premiums and fee income
15,521

15,416

15,332

Net investment income:
 

 

 

Securities available-for-sale and other
2,961

3,030

3,153

Equity securities, trading


1

Total net investment income:
2,961

3,030

3,154

Net realized capital gains (loss)
(268
)
(156
)
16

Other revenues
86

87

112

Total revenues
$
18,300

$
18,377

$
18,614


[1]
For 2016, 2015 and 2014, AARP members accounted for earned premiums of $3.3 billion, $3.2 billion and $3.0 billion, respectively.
Net Income (Loss)
 
For the years ended December 31,
 
2016
2015
2014
Commercial Lines
$
1,007

$
1,003

$
983

Personal Lines
(22
)
187

207

Property & Casualty Other Operations
(529
)
(53
)
(108
)
Group Benefits
230

187

191

Mutual Funds
78

86

87

Talcott Resolution
244

430

(187
)
Corporate
(112
)
(158
)
(375
)
Net income
$
896

$
1,682

$
798


Amortization of Deferred Policy Acquisition Costs
 
For the years ended December 31,
 
2016
2015
2014
Commercial Lines
$
973

$
951

$
919

Personal Lines
348

359

348

Group Benefits
31

31

32

Mutual Funds
24

22

28

Talcott Resolution
147

139

402

Total amortization of deferred policy acquisition costs
$
1,523

$
1,502

$
1,729


Income Tax (Benefit)
Expense
 
For the years ended December 31,
 
2016
2015
2014
Commercial Lines
$
422

$
409

$
385

Personal Lines
(30
)
82

92

Property & Casualty Other Operations
(355
)
(47
)
(51
)
Group Benefits
83

63

63

Mutual Funds
43

48

49

Talcott Resolution
54

(17
)
16

Corporate
(309
)
(233
)
(204
)
Total income tax (benefit) expense
$
(92
)
$
305

$
350


Assets
 
As of December 31,
 
2016
2015
Commercial Lines
$
29,141

$
28,388

Personal Lines
6,083

6,147

Property & Casualty Other Operations
4,732

4,562

Group Benefits
9,405

9,666

Mutual Funds
480

449

Talcott Resolution
170,327

175,319

Corporate
3,264

3,817

Total assets
$
223,432

$
228,348