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Business Dispositions and Discontinued Operations (Tables)
 12 Months Ended
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 recoverables20,718 
Loss accrual [1](3,044)
Other assets2,907 
Separate account assets110,773 
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 payable28,680 
Long-term debt142 
Other liabilities2,222 
Separate account liabilities110,773 
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 other382 
Net investment income519 
Net realized capital losses(68)
Total revenues872 
Benefits, losses and expenses
Benefits, losses and loss adjustment expenses535 
Amortization of DAC58 
Insurance operating costs and other expenses [1]157 
Total benefits, losses and expenses750 
Income before income taxes122 
Income tax expense2 
Income from operations of discontinued operations, net of tax120 
Net realized capital gain (loss) on disposal, net of tax202 
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 other35 
Total assets held for sale177 
Liabilities
Unpaid losses and loss adjustment expenses84 
Unearned premiums31 
Other liabilities43 
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.