Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

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 amortized 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 are amortized over 10 years.

[2]

Non-deductible for income tax purposes.Fair Value of Assets Acquired and Liabilities Assumed at the Acquisition Date



	Preliminary Value as of November 1, 2017 (as previously reported as of December 31, 2017)		Measurement Period Adjustments			As Adjusted Value as of November 1, 2017
Assets
Cash and invested assets	$	3,360	$	45		$	3,405
Premiums receivable	96		7			103
Deferred income taxes, net	56		13			69
Other intangible assets	629		—			629
Property and equipment	68		—			68
Reinsurance recoverables	—		31			31
Other assets	16		(16		)	—
Total Assets Acquired	4,225		80			4,305
Liabilities
Unpaid losses and loss adjustment expenses	2,833		71			2,904
Reserve for future policy benefits payable	346		1			347
Other policyholder funds and benefits payable	245		1			246
Unearned premiums	3		1			4
Other liabilities	69		6			75
Total Liabilities Assumed	3,496		80			3,576
Net identifiable assets acquired	729		—			729
Goodwill [1]	723		—			723
Net Assets Acquired	$	1,452	$	—		$	1,452

[1]

Approximately $610 is deductible for income tax purposes.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

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

Pro Forma Results (Unaudited)



	Twelve months ended December 31, 2017 [1]			Twelve months ended December 31, 2016 [1]
Total Revenue	$	18,899		$	18,348
Net Income	$	(3,077	)	$	953

[1]Pro forma adjustments include the revenue and earnings of the Aetna U.S. group life and disability business as well as amortization of identifiable intangible assets acquired and 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.