XML 103 R40.htm IDEA: XBRL DOCUMENT
v3.20.4

Business Acquisitions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | Fair Value of Assets Acquired and Liabilities Assumed at the Acquisition Date
| Preliminary Values as of May 23, 2019 (as previously reported) | Measurement Period Adjustments | Adjusted Values as of May 23, 2019
Assets |  |  |
Cash and invested assets | $ | 3,848 |  | $ | 3 |  | $ | 3,851 |
Premiums receivable | 492 |  | 6 |  | 498 |
Reinsurance recoverables | 1,100 |  | (3) |  | 1,097 |
Prepaid reinsurance premiums | 238 |  | — |  | 238 |
Other intangible assets | 580 |  | — |  | 580 |
Property and equipment | 83 |  | — |  | 83 |
Other assets | 99 |  | 3 |  | 102 |
Total Assets Acquired | 6,440 |  | 9 |  | 6,449 |
Liabilities |  |  |
Unpaid losses and loss adjustment expenses | 2,823 |  | — |  | 2,823 |
Unearned premiums | 1,219 |  | — |  | 1,219 |
Long-term debt | 284 |  | — |  | 284 |
Deferred income taxes, net | 48 |  | (1) |  | 47 |
Other liabilities | 568 |  | 8 |  | 576 |
Total Liabilities Assumed | 4,942 |  | 7 |  | 4,949 |
Net identifiable assets acquired | 1,498 |  | 2 |  | 1,500 |
Goodwill [1] | 623 |  | (2) |  | 621 |
Net Assets Acquired | $ | 2,121 |  | $ | — |  | $ | 2,121 |
[1] Non-deductible for income tax purposes.
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | 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 |  |
Business Acquisition, Pro Forma Information | Pro Forma Results for the Year Ended December 31
| Revenue | Earnings
2019 Supplemental (unaudited) combined pro forma | $ | 21,416 |  | $ | 2,080 |
2018 Supplemental (unaudited) combined pro forma | $ | 20,398 |  | $ | 1,828 |

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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration