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Segment Information | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Information | 4. SEGMENT INFORMATION The Company conducts business principally in five reporting segments including Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits and Hartford Funds, as well as a Corporate category. Over 95% of the Company's revenues are generated in the United States ("U.S."). The remaining revenues are generated in the United Kingdom, continental Europe and other international locations. The Company’s reporting segments, as well as the Corporate category, are as follows: Commercial Lines Commercial Lines provides workers’ compensation, property, automobile, general liability, umbrella, professional liability, bond, marine, livestock and assumed reinsurance to businesses in the U.S. and internationally, 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. Hartford Funds Hartford Funds offers investment products for retail and retirement accounts and provides investment management and administrative services such as product design, implementation and oversight. This business also manages a portion of the mutual funds which support the variable annuity products within the life and annuity business sold in May 2018. Corporate The Company includes in the Corporate category discontinued operations related to the life and annuity business sold in May 2018, reserves for run-off structured settlement and terminal funding agreement liabilities, capital raising activities (including debt financing and related interest expense), transaction expenses incurred in connection with an acquisition, certain purchase accounting adjustments related to goodwill and other expenses not allocated to the reporting segments. Corporate also includes investment management fees and expenses related to managing third party business, including management of the invested assets of Talcott Resolution Life, Inc. and its subsidiaries ("Talcott Resolution"). In addition, Corporate includes a 9.7% ownership interest in the legal entity that acquired the life and annuity business sold in 2018. For further discussion of continued involvement in the life and annuity business sold, see Note 21 - Business Dispositions and Discontinued Operations of Notes to Consolidated Financial Statements. 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, investment transfers and capital contributions. 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,
| 2019 | 2018 | 2017
Earned premiums and fee income: |  |  |
Commercial Lines |  |  |
Workers’ compensation | $ | 3,314 |  | $ | 3,341 |  | $ | 3,287 |
Liability | 1,064 |  | 653 |  | 604 |
Marine | 147 |  | — |  | — |
Package business | 1,471 |  | 1,364 |  | 1,301 |
Property | 728 |  | 618 |  | 604 |
Professional liability | 447 |  | 254 |  | 246 |
Bond | 261 |  | 241 |  | 230 |
Assumed reinsurance | 180 |  | — |  | — |
Automobile | 713 |  | 610 |  | 630 |
Total Commercial Lines | 8,325 |  | 7,081 |  | 6,902 |
Personal Lines |  |  |  |  |  |
Automobile | 2,248 |  | 2,398 |  | 2,617 |
Homeowners | 987 |  | 1,041 |  | 1,117 |
Total Personal Lines [1] | 3,235 |  | 3,439 |  | 3,734 |
Property & Casualty Other Operations | 2 |  | — |  | — |
Group Benefits |  |  |  |  |  |
Group disability | 2,828 |  | 2,746 |  | 1,718 |
Group life | 2,521 |  | 2,611 |  | 1,745 |
Other | 254 |  | 241 |  | 214 |
Total Group Benefits | 5,603 |  | 5,598 |  | 3,677 |
Hartford Funds |  |  |
Mutual fund and ETP | 907 |  | 932 |  | 888 |
Talcott Resolution life and annuity separate accounts [2] | 92 |  | 100 |  | 104 |
Total Hartford Funds [3] | 999 |  | 1,032 |  | 992 |
Corporate | 60 |  | 32 |  | 4 |
Total earned premiums and fee income | 18,224 |  | 17,182 |  | 15,309 |
Total net investment income | 1,951 |  | 1,780 |  | 1,603 |
Net realized capital gains (losses) | 395 |  | (112 | ) | 165 |
Other revenues | 170 |  | 105 |  | 85 |
Total revenues | $ | 20,740 |  | $ | 18,955 |  | $ | 17,162 |
[1] | For 2019, 2018 and 2017, AARP members accounted for earned premiums of $2.9 billion, $3.0 billion and $3.2 billion, respectively.
[2] | Represents revenues earned on the life and annuity separate account AUM sold in May 2018 that is still managed by the Company's Hartford Funds segment.
[3] | Excludes distribution costs of $188 for the year ended December 31, 2017, that were previously netted against fee income and are now presented gross in insurance operating costs and other expenses.
Net Income (Loss)
| For the years ended December 31,
| 2019 | 2018 | 2017
Commercial Lines | $ | 1,192 |  | $ | 1,212 |  | $ | 865 |
Personal Lines | 318 |  | (32 | ) | (9 | )
Property & Casualty Other Operations | 61 |  | 15 |  | 69 |
Group Benefits | 536 |  | 340 |  | 294 |
Hartford Funds | 149 |  | 148 |  | 106 |
Corporate | (171 | ) | 124 |  | (4,456 | )
Net income (loss) | $ | 2,085 |  | $ | 1,807 |  | $ | (3,131 | )
Preferred stock dividends | 21 |  | 6 |  | — |
Net income (loss) available to common stockholders | $ | 2,064 |  | $ | 1,801 |  | $ | (3,131 | )
Net Investment Income
| For the years ended December 31,
| 2019 | 2018 | 2017
Commercial Lines | $ | 1,129 |  | $ | 997 |  | $ | 949 |
Personal Lines | 179 |  | 155 |  | 141 |
Property & Casualty Other Operations | 84 |  | 90 |  | 106 |
Group Benefits | 486 |  | 474 |  | 381 |
Hartford Funds | 7 |  | 5 |  | 3 |
Corporate | 66 |  | 59 |  | 23 |
Net investment income | $ | 1,951 |  | $ | 1,780 |  | $ | 1,603 |
Amortization of Deferred Policy Acquisition Costs
| For the years ended December 31,
| 2019 | 2018 | 2017
Commercial Lines | $ | 1,296 |  | $ | 1,048 |  | $ | 1,009 |
Personal Lines | 259 |  | 275 |  | 309 |
Group Benefits | 54 |  | 45 |  | 33 |
Hartford Funds | 12 |  | 16 |  | 21 |
Corporate | 1 |  | — |  | — |
Total amortization of deferred policy acquisition costs | $ | 1,622 |  | $ | 1,384 |  | $ | 1,372 |
Amortization of Other Intangible Assets
| For the years ended December 31,
| 2019 | 2018 | 2017
Commercial Lines | $ | 18 |  | $ | 4 |  | $ | 1 |
Personal Lines | 6 |  | 4 |  | 4 |
Group Benefits | 41 |  | 60 |  | 9 |
Corporate | 1 |  | — |  | — |
Total amortization of other intangible assets | $ | 66 |  | $ | 68 |  | $ | 14 |
Income Tax Expense (Benefit)
| For the years ended December 31,
| 2019 | 2018 | 2017
Commercial Lines | $ | 270 |  | $ | 267 |  | $ | 377 |
Personal Lines | 76 |  | (19 | ) | 26 |
Property & Casualty Other Operations | 12 |  | (7 | ) | 24 |
Group Benefits | 126 |  | 84 |  | 38 |
Hartford Funds | 37 |  | 38 |  | 63 |
Corporate | (46 | ) | (95 | ) | 457 |
Total income tax expense | $ | 475 |  | $ | 268 |  | $ | 985 |
Assets
| As of December 31,
| 2019 | 2018
Commercial Lines | $ | 42,041 |  | $ | 31,693 |
Personal Lines | 6,310 |  | 6,180 |
Property & Casualty Other Operations | 3,560 |  | 3,351 |
Group Benefits | 14,595 |  | 14,114 |
Hartford Funds | 634 |  | 583 |
Corporate | 3,677 |  | 6,386 |
Total assets | $ | 70,817 |  | $ | 62,307 |
Revenue from Non-Insurance Contracts with Customers
|  | For the years ended December 31,
| Revenue Line Item | 2019 | 2018 | 2017
Commercial Lines |  |  |  |
Installment billing fees | Fee income | $ | 35 |  | $ | 34 |  | $ | 37 |
Personal Lines |  |  |  |
Installment billing fees | Fee income | 37 |  | 40 |  | 44 |
Insurance servicing revenues | Other revenues | 83 |  | 84 |  | 85 |
Group Benefits |  |  |  |
Administrative services | Fee income | 180 |  | 175 |  | 91 |
Hartford Funds |  |  |  |
Advisor, distribution and other management fees | Fee income | 911 |  | 947 |  | 897 |
Other fees | Fee income | 88 |  | 85 |  | 95 |
Corporate |  |  |  |
Investment management and other fees | Fee income | 50 |  | 32 |  | 4 |
Transition service revenues | Other revenues | 20 |  | 21 |  | — |
Total non-insurance revenues with customers |  | $ | 1,404 |  | $ | 1,418 |  | $ | 1,253 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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