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Business Dispositions and Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2020 | Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract] |  |
Disposal Groups, Including Discontinued Operations | Major Classes of Assets and Liabilities Transferred to the Buyer in Connection with the Sale
| Carrying Value as of
| Closing
Assets |
Cash and investments | $ | 27,058 |
Reinsurance recoverables | 20,718 |
Loss accrual [1] | (3,044) |
Other assets | 2,907 |
Separate account assets | 110,773 |
Total assets held for sale | $ | 158,412 |
Liabilities |
Reserve for future policy benefits and unpaid loss and loss adjustment expenses | $ | 14,308 |
Other policyholder funds and benefits payable | 28,680 |
Long-term debt | 142 |
Other liabilities | 2,222 |
Separate account liabilities | 110,773 |
Total liabilities held for sale | $ | 156,125 |
[1]Represents the estimated accrued loss on sale of the Company's life and annuity business. Reconciliation of the Major Line Items Constituting Pretax Profit (Loss) of Discontinued Operations
|  | For the year ended December 31,
|  | 2018
Revenues |  |
Earned premiums |  | $ | 39 |
Fee income and other |  | 382 |
Net investment income |  | 519 |
Net realized capital losses |  | (68) |
Total revenues |  | 872 |
Benefits, losses and expenses |  |
Benefits, losses and loss adjustment expenses |  | 535 |
Amortization of DAC |  | 58 |
Insurance operating costs and other expenses [1] |  | 157 |
Total benefits, losses and expenses |  | 750 |
Income before income taxes |  | 122 |
Income tax expense |  | 2 |
Income from operations of discontinued operations, net of tax |  | 120 |
Net realized capital gain (loss) on disposal, net of tax |  | 202 |
Income (loss) from discontinued operations, net of tax |  | $ | 322 |
[1]Corporate allocated overhead has been included in continuing operations. Carrying Value of Assets and Liabilities to be Transferred in Connection With the Sale [1]
| As of December 31, 2020
Assets |
Investments and cash | $ | 142 |
Reinsurance recoverables and other | 35 |
Total assets held for sale | 177 |
Liabilities |
Unpaid losses and loss adjustment expenses | 84 |
Unearned premiums | 31 |
Other liabilities | 43 |
Total liabilities held for sale | $ | 158 |
[1] As of December 31, 2020, the estimated fair value of the disposal group is $14 based on the estimated consideration to be received less cost to sell. Within the disposal group, as of December 31, 2020, investments in fixed maturities and short-term investments, which are measured at fair value on a recurring basis, had a fair value of $84, of which $1 was based on quoted prices in active markets for identical assets and $83 was based on significant observable inputs. The remaining fair value less costs to sell for the disposal group is ($70), which is measured on a nonrecurring basis using significant unobservable inputs. See Note 5—Fair Value Measurements for more information. | Cash Flows from Discontinued Operations included in the Consolidated Statement of Cash Flows
|  | For the year ended December 31,
|  | 2018
Net cash provided by operating activities from discontinued operations |  | $ | 603 |
Net cash provided by investing activities from discontinued operations |  | $ | 463 |
Net cash used in financing activities from discontinued operations [1] |  | $ | (737) |
[1]Excludes return of capital to parent of $619 for 2018.

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