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Investments (Tables) | 3 Months Ended
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Mar. 31, 2021
Investments [Abstract] |
Net Realized Capital Gains (Losses) |
Net Realized Capital Gains (Losses)
| Three Months Ended March 31, |  |
(Before tax) | 2021 | 2020 |  |  |
Gross gains on sales | $ | 31 |  | $ | 78 |  |  |  |
Gross losses on sales | (31) |  | (8) |  |  |  |
Equity securities [1] | 43 |  | (386) |  |  |  |
Net credit losses on fixed maturities, AFS | 4 |  | (12) |  |  |  |
Change in ACL on mortgage loans | 4 |  | (2) |  |  |  |
Intent-to-sell impairments | — |  | (5) |  |  |  |
Other, net [2] | 29 |  | 104 |  |  |  |
Net realized capital gains (losses) | $ | 80 |  | $ | (231) |  |  |  |
[1] The net unrealized gains (losses) on equity securities included in net realized capital gains (losses) related to equity securities still held as of March 31, 2021, were $40 for the three months ended March 31, 2021. The net unrealized gains (losses) on equity securities included in net realized capital gains (losses) related to equity securities still held as of March 31, 2020, were $(277) for the three months ended March 31, 2020. [2] For the three months ended March 31, 2021, primarily includes gains (losses) from transactional foreign currency revaluation of ($7) and gains (losses) on non-qualifying derivatives of $35. For the three months ended March 31, 2020, includes gains (losses) from transactional foreign currency revaluation of $10 and gains (losses) on non-qualifying derivatives of $92
Debt Securities, Available-for-sale, Allowance for Credit Loss [Table Text Block] |
ACL on Fixed Maturities, AFS by Type
|  | Three Months Ended March 31, 2021 |  |  | Three Months Ended March 31, 2020
(Before tax) |  | Corporate |  | Total |  |  | Corporate |  | Total
Balance as of beginning of period |  | $ | 23 |  |  | $ | 23 |  |  |  | $ | — |  |  | $ | — |
Credit losses on fixed maturities where an allowance was not previously recorded |  | 2 |  |  | 2 |  |  |  | 12 |  |  | 12 |
Net increases (decreases) on fixed maturities where an allowance was previously recorded |  | (6) |  |  | (6) |  |  |  | — |  |  | — |
Balance as of end of period |  | $ | 19 |  |  | $ | 19 |  |  |  | $ | 12 |  |  | $ | 12 |
Schedule of Available-for-sale Securities |
Fixed Maturities, AFS, by Type
| March 31, 2021 |  | December 31, 2020
| Amortized Cost | ACL | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value |  |  | Amortized Cost | ACL | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value |
ABS | $ | 1,405 |  | $ | — |  | $ | 30 |  | $ | — |  | $ | 1,435 |  |  |  | $ | 1,525 |  | $ | — |  | $ | 39 |  | $ | — |  | $ | 1,564 |  |
CLOs | 3,040 |  | — |  | 10 |  | (1) |  | 3,049 |  |  |  | 2,780 |  | — |  | 7 |  | (7) |  | 2,780 |  |
CMBS | 3,979 |  | — |  | 206 |  | (18) |  | 4,167 |  |  |  | 4,219 |  | — |  | 286 |  | (21) |  | 4,484 |  |
Corporate | 18,385 |  | (19) |  | 1,216 |  | (87) |  | 19,495 |  |  |  | 18,401 |  | (23) |  | 1,926 |  | (31) |  | 20,273 |  |
Foreign govt./govt. agencies | 825 |  | — |  | 47 |  | (4) |  | 868 |  |  |  | 842 |  | — |  | 77 |  | — |  | 919 |  |
Municipal | 8,471 |  | — |  | 762 |  | (19) |  | 9,214 |  |  |  | 8,564 |  | — |  | 940 |  | (1) |  | 9,503 |  |
RMBS | 3,924 |  | — |  | 110 |  | (9) |  | 4,025 |  |  |  | 3,966 |  | — |  | 144 |  | (3) |  | 4,107 |  |
U.S. Treasuries | 1,288 |  | — |  | 69 |  | (3) |  | 1,354 |  |  |  | 1,264 |  | — |  | 141 |  | — |  | 1,405 |  |
Total fixed maturities, AFS | $ | 41,317 |  | $ | (19) |  | $ | 2,450 |  | $ | (141) |  | $ | 43,607 |  |  |  | $ | 41,561 |  | $ | (23) |  | $ | 3,560 |  | $ | (63) |  | $ | 45,035 |  |
Investments by Contractual Maturity Year |
Fixed Maturities, AFS, by Contractual Maturity Year
| March 31, 2021 |  | December 31, 2020
| Amortized Cost | Fair Value |  | Amortized Cost | Fair Value
One year or less | $ | 1,394 |  | $ | 1,411 |  |  | $ | 1,411 |  | $ | 1,432 |
Over one year through five years | 7,706 |  | 8,108 |  |  | 7,832 |  | 8,286 |
Over five years through ten years | 7,755 |  | 8,158 |  |  | 7,622 |  | 8,354 |
Over ten years | 12,114 |  | 13,254 |  |  | 12,206 |  | 14,028 |
Subtotal | 28,969 |  | 30,931 |  |  | 29,071 |  | 32,100 |
Mortgage-backed and asset-backed securities | 12,348 |  | 12,676 |  |  | 12,490 |  | 12,935 |
Total fixed maturities, AFS | $ | 41,317 |  | $ | 43,607 |  |  | $ | 41,561 |  | $ | 45,035 |
Unrealized Gain (Loss) on Investments [Table Text Block] |
Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of March 31, 2021
|  | Less Than 12 Months |  |  | 12 Months or More |  |  | Total
|  | Fair Value | Unrealized Losses |  |  | Fair Value | Unrealized Losses |  |  | Fair Value | Unrealized Losses
ABS |  | $ | 99 |  | $ | — |  |  |  | $ | — |  | $ | — |  |  |  | $ | 99 |  | $ | — |
CLOs |  | 278 |  | — |  |  |  | 458 |  | (1) |  |  |  | 736 |  | (1) |
CMBS |  | 360 |  | (8) |  |  |  | 127 |  | (10) |  |  |  | 487 |  | (18) |
Corporate |  | 2,451 |  | (72) |  |  |  | 300 |  | (15) |  |  |  | 2,751 |  | (87) |
Foreign govt./govt. agencies |  | 173 |  | (4) |  |  |  | — |  | — |  |  |  | 173 |  | (4) |
Municipal |  | 796 |  | (19) |  |  |  | — |  | — |  |  |  | 796 |  | (19) |
RMBS |  | 953 |  | (9) |  |  |  | 13 |  | — |  |  |  | 966 |  | (9) |
U.S. Treasuries |  | 560 |  | (3) |  |  |  | — |  | — |  |  |  | 560 |  | (3) |
Total fixed maturities, AFS in an unrealized loss position |  | $ | 5,670 |  | $ | (115) |  |  |  | $ | 898 |  | $ | (26) |  |  |  | $ | 6,568 |  | $ | (141) |
Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of December 31, 2020
|  | Less Than 12 Months |  |  | 12 Months or More |  |  | Total
|  | Fair Value | Unrealized Losses |  |  | Fair Value | Unrealized Losses |  |  | Fair Value | Unrealized Losses
ABS |  | $ | 44 |  | $ | — |  |  |  | $ | — |  | $ | — |  |  |  | $ | 44 |  | $ | — |
CLOs |  | 758 |  | (2) |  |  |  | 715 |  | (5) |  |  |  | 1,473 |  | (7) |
CMBS |  | 410 |  | (17) |  |  |  | 19 |  | (4) |  |  |  | 429 |  | (21) |
Corporate |  | 466 |  | (13) |  |  |  | 212 |  | (18) |  |  |  | 678 |  | (31) |
Foreign govt./govt. agencies |  | 24 |  | — |  |  |  | — |  | — |  |  |  | 24 |  | — |
Municipal |  | 34 |  | (1) |  |  |  | — |  | — |  |  |  | 34 |  | (1) |
RMBS |  | 461 |  | (3) |  |  |  | 21 |  | — |  |  |  | 482 |  | (3) |
U.S. Treasuries |  | 39 |  | — |  |  |  | — |  | — |  |  |  | 39 |  | — |
Total fixed maturities, AFS in an unrealized loss position |  | $ | 2,236 |  | $ | (36) |  |  |  | $ | 967 |  | $ | (27) |  |  |  | $ | 3,203 |  | $ | (63) |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
ACL on Mortgage Loans |  |  |
| Three Months Ended March 31, |  |
| 2021 | 2020 |  |  |
ACL as of beginning of period | $ | 38 |  | $ | — |  |  |  |
Cumulative effect of accounting changes [1] |  | 19 |  |  |  |
Adjusted beginning ACL | 38 |  | 19 |  |  |  |
Current period provision (release) | (4) |  | 2 |  |  |  |
ACL as of March 31, | $ | 34 |  | $ | 21 |  |  |  |
[1] Represents the adjustment to the ACL recorded on adoption of accounting guidance for credit losses on January 1, 2020. For further information, see the Financial Instruments - Credit Losses section within Note 1 - Basis of Presentation and Significant Accounting Policies, included in The Hartford's 2020 Form 10-K Annual Report.
Loans Credit Quality |
Mortgage Loans LTV & DSCR by Origination Year as of March 31, 2021
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 & Prior | Total
Loan-to-value | Amortized Cost | Avg. DSCR | Amortized Cost | Avg. DSCR | Amortized Cost | Avg. DSCR | Amortized Cost | Avg. DSCR | Amortized Cost | Avg. DSCR | Amortized Cost | Avg. DSCR | Amortized Cost [1] | Avg. DSCR
65% - 80% | $ | 26 |  | 2.28x | $ | 57 |  | 2.12x | $ | 223 |  | 1.59x | $ | 210 |  | 1.32x | $ | 45 |  | 1.83x | $ | 166 |  | 1.57x | $ | 727 |  | 1.59x
Less than 65% | 149 |  | 2.62x | 637 |  | 2.71x | 695 |  | 2.74x | 410 |  | 2.16x | 423 |  | 1.88x | 1,581 |  | 2.53x | 3,895 |  | 2.49x
Total mortgage loans | $ | 175 |  | 2.57x | $ | 694 |  | 2.66x | $ | 918 |  | 2.46x | $ | 620 |  | 1.87x | $ | 468 |  | 1.88x | $ | 1,747 |  | 2.44x | $ | 4,622 |  | 2.35x
[1] Amortized cost of mortgage loans excludes ACL of $34.
Mortgage Loans LTV & DSCR by Origination Year as of December 31, 2020
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 & Prior | Total
Loan-to-value | Amortized Cost | Avg. DSCR | Amortized Cost | Avg. DSCR | Amortized Cost | Avg. DSCR | Amortized Cost | Avg. DSCR | Amortized Cost | Avg. DSCR | Amortized Cost | Avg. DSCR | Amortized Cost [1] | Avg. DSCR
65% - 80% | $ | 28 |  | 1.62x | $ | 243 |  | 1.58x | $ | 212 |  | 1.33x | $ | 45 |  | 2.02x | $ | 51 |  | 1.92x | $ | 115 |  | 1.74x | $ | 694 |  | 1.59x
Less than 65% | 659 |  | 2.56x | 676 |  | 2.85x | 410 |  | 2.25x | 446 |  | 1.89x | 235 |  | 2.99x | 1,411 |  | 3.01x | 3,837 |  | 2.69x
Total mortgage loans | $ | 687 |  | 2.52x | $ | 919 |  | 2.51x | $ | 622 |  | 1.94x | $ | 491 |  | 1.90x | $ | 286 |  | 2.80x | $ | 1,526 |  | 2.92x | $ | 4,531 |  | 2.52x
[1] Amortized cost of mortgage loans excludes ACL of $38.
Mortgage Loans by Region
| March 31, 2021 |  | December 31, 2020
| Amortized Cost | Percent of Total |  | Amortized Cost | Percent of Total
East North Central | $ | 279 |  | 6.0 | % |  | $ | 290 |  | 6.4 | %
Middle Atlantic | 290 |  | 6.3 | % |  | 291 |  | 6.4 | %
Mountain | 295 |  | 6.4 | % |  | 254 |  | 5.6 | %
New England | 396 |  | 8.6 | % |  | 397 |  | 8.8 | %
Pacific | 1,044 |  | 22.6 | % |  | 1,001 |  | 22.1 | %
South Atlantic | 1,062 |  | 23.0 | % |  | 1,038 |  | 22.9 | %
West North Central | 44 |  | 0.9 | % |  | 44 |  | 1.0 | %
West South Central | 431 |  | 9.3 | % |  | 433 |  | 9.5 | %
Other [1] | 781 |  | 16.9 | % |  | 783 |  | 17.3 | %
Total mortgage loans | 4,622 |  | 100.0 | % |  | 4,531 |  | 100.0 | %
ACL | (34) |  |  |  | (38) |  |
Total mortgage loans, net of ACL | $ | 4,588 |  |  |  | $ | 4,493 |  |
[1]Primarily represents loans collateralized by multiple properties in various regions.
Mortgage Loans by Property Type
| March 31, 2021 |  | December 31, 2020
| Amortized Cost | Percent of Total |  | Amortized Cost | Percent of Total
Commercial |  |  |  |  |
Industrial | $ | 1,472 |  | 31.8 | % |  | $ | 1,339 |  | 29.5 | %
Multifamily | 1,499 |  | 32.4 | % |  | 1,498 |  | 33.1 | %
Office | 712 |  | 15.4 | % |  | 774 |  | 17.1 | %
Retail | 807 |  | 17.5 | % |  | 788 |  | 17.4 | %
Single Family | 92 |  | 2.0 | % |  | 92 |  | 2.0 | %
Other | 40 |  | 0.9 | % |  | 40 |  | 0.9 | %
Total mortgage loans | 4,622 |  | 100.0 | % |  | 4,531 |  | 100.0 | %
ACL | (34) |  |  |  | (38) |  |
Total mortgage loans, net of ACL | $ | 4,588 |  |  |  | $ | 4,493 |  |

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