Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Business Acquisitions, by Acquisition

Fair Value of the Consideration Transferred at the Acquisition Date



Cash	$	19
Contingent consideration	23
Total	$	42

Fair Value of Assets Acquired and Liabilities Assumed at the Acquisition Date



	As of July 29, 2016
Assets
Intangible assets [1]	$	11
Cash	1
Total assets acquired	12
Liabilities
Total liabilities assumed	1
Net identifiable assets acquired	11
Goodwill [2]	31
Net assets acquired	$	42


[1]	Comprised of indefinite lived intangibles of $10 related to customer relationships and $1 of other intangibles, which are amortizable over 5 to 8 years.


[2]	Deductible for federal income tax purposes.

Fair Value of Assets Acquired and Liabilities Assumed at the Acquisition Date



	As of July 29, 2016
Assets
Cash and investments (including cash of $12)	$	274
Reinsurance recoverables	113
Intangible assets [1]	11
Other assets	79
Total assets acquired	477
Liabilities
Unpaid losses	235
Unearned premiums	77
Other liabilities	34
Total liabilities assumed	346
Net identifiable assets acquired	131
Goodwill [2]	38
Net assets acquired	$	169


[1]	Comprised of indefinite lived intangibles of $4 related to state insurance licenses acquired and other intangibles of $7 related to agency distribution relationships of Maxum which will amortize over 10 years.


[2]	Non-deductible for income tax purposes



	As of November 1, 2017
Assets
Cash and invested assets	$	3,360
Premiums receivable	96
Deferred income taxes, net	56
Other intangible assets	629
Property and equipment	68
Other assets	16
Total Assets Acquired	4,225
Liabilities
Unpaid losses and loss adjustment expenses	2,833
Reserve for future policy benefits	346
Other policyholder funds and benefits payable	245
Unearned premiums	3
Other liabilities	69
Total Liabilities Assumed	3,496
Net identifiable assets acquired	729
Goodwill [1]	723
Net Assets Acquired	$	1,452


[1]	Approximately $623 is deductible for income tax purposes.

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Intangible Assets Recorded in Connection with the Acquisition



Asset	Amount		Estimated Useful Life
Value of in-force contracts	$	23	1 year
Customer relationships	590		15 years
Marketing agreement with Aetna	16		15 years
Total	$	629

Business Acquisition, Pro Forma Information

The following table presents supplemental unaudited pro forma amounts of revenue and net income for the Company in 2016 and 2017 as though the business was acquired on January 1, 2016. Pro forma adjustments include the revenue and earnings of the Aetna U.S. group life and disability business for each period as well as amortization of identifiable intangible assets acquired and of the fair value adjustment to acquired insurance reserves. Pro forma adjustments do not include retrospective adjustments to defer and amortize acquisition costs as would be recorded under the Company’s accounting policy.

Pro Forma Results



	Revenue		Earnings
2017 Supplemental (unaudited) combined pro forma	$	18,899	$	(3,077	)
2016 Supplemental (unaudited) combined pro forma	$	18,348	$	953