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Business Acquisitions (Tables)

6 Months Ended

Jun. 30, 2019

Business Combinations [Abstract]

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

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

	As of May 23, 2019
Assets
Cash and invested assets	$	3,848
Premiums receivable	492
Reinsurance recoverables	1,100
Prepaid reinsurance premiums	238
Other intangible assets	580
Property and equipment	83
Other assets	99
Total Assets Acquired	6,440
Liabilities
Unpaid losses and loss adjustment expenses	2,823
Unearned premiums	1,219
Long-term debt	284
Deferred income taxes, net	48
Other liabilities	568
Total Liabilities Assumed	4,942
Net identifiable assets acquired	1,498
Goodwill [1]	623
Net Assets Acquired	$	2,121

[1] Non-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			Weighted Average Expected Life
Value of in-force contracts - Property and Casualty ("P&C")	$	180		1
Distribution relationships	302			15
Trade name	17			10
Total finite life intangibles	499			10
Capacity of Lloyd's Syndicate	66
Licenses	15
Total indefinite life intangibles	81
Total other intangible assets	$	580

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Expected Pre-tax Amortization Expense ^[1] for Acquired Intangibles as of June 30, 2019

	Value of In-force Contracts			Other Intangible Assets
2019 (six months)	$	84		$	11
2020	$	47		$	22
2021	$	21		$	22
2022	$	9		$	22
2023	$	—		$	22

[1] In the Condensed Consolidated Statements of Operations, the amortization of value of in-force contracts is reported in amortization of deferred policy acquisition costs and the amortization of other intangible assets is reported in amortization of other intangible assets.

Business Acquisition, Pro Forma Information [Table Text Block]

Pro Forma Results for the Six Months Ended June 30

	Revenue			Earnings
2019 Supplemental (unaudited) combined pro forma	$	10,708		$	997
2018 Supplemental (unaudited) combined pro forma	$	10,185		$	1,235

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
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