XML 109 R46.htm IDEA: XBRL DOCUMENT

Premiums Receivable (Tables)

12 Months Ended

Dec. 31, 2020

Premium Receivable, Allowance for Credit Loss [Table Text Block]


Premiums Receivable and Agents' Balances
	As of December 31, 2020




Premiums receivable, excluding receivables for losses within a deductible and retrospectively-rated policy premiums	$	3,851
Receivables for loss within a deductible and retrospectively-rated policy premiums, by credit quality:
AAA	—
AA	142
A	62
BBB	185
BB	115
Below BB	65
Total receivables for losses within a deductible and retrospectively-rated policy premiums	569

Total Premiums Receivable and Agents' Balances, Gross	4,420
ACL	(152)
Total Premiums Receivable and Agents' Balances, Net of ACL	$	4,268


Rollforward of ACL on Premiums Receivable and Agents' Balances for the Year Ended December 31, 2020
	Premiums Receivable and Agents' Balances, Excluding Receivables for Loss within a Deductible and Retrospectively-Rated Policy Premiums		Receivables for Loss within a Deductible and Retrospectively-Rated Policy Premiums		Total
Beginning ACL	$	85	$	60	$	145
Cumulative effect of accounting change [1]	(2)		(21)		(23)
Adjusted beginning ACL	83		39		122
Current period provision (release)	78		(4)		74
Current period gross write-offs	(49)		—		(49)
Current period gross recoveries	5		—		5
Ending ACL	$	117	$	35	$	152

[1]Represents the adjustment to the ACL recorded on adoption of accounting guidance for credit losses on January 1, 2020. The adjusted beginning ACL was based on the Company's historical loss information adjusted for current conditions and the forecasted economic environment at the time the guidance was adopted. For further information refer to Note 1 - Basis of Presentation and Significant Accounting Policies