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Investments (Tables)

6 Months Ended

Jun. 30, 2021

Investments [Abstract]

Net Realized Capital Gains (Losses)

Net Realized Capital Gains (Losses)
			Three Months Ended June 30,									Six Months Ended June 30,
(Before tax)			2021			2020						2021			2020
Gross gains on sales			$	68		$	96					$	99		$	174
Gross losses on sales			(15)			(22)						(46)			(30)
Equity securities [1]			88			75						131			(311)
Net credit losses on fixed maturities, AFS			—			(20)						4			(32)
Change in ACL on mortgage loans			10			(22)						14			(24)
Intent-to-sell impairments			—			—						—			(5)
Other, net [2]			(4)			2						25			106
Net realized capital gains (losses)			$	147		$	109					$	227		$	(122)

[1] The net unrealized gains on equity securities included in net realized capital gains (losses) related to equity securities still held as of June 30, 2021, were $80 and $118 for the three and six months ended June 30, 2021 respectively. The net unrealized gains (losses) on equity securities included in net realized capital gains (losses) related to equity securities still held as of June 30, 2020, were $67 and $(34) for the three and six months ended June 30, 2020 respectively.

[2] For the three and six months ended June 30, 2021 includes gains (losses) from transactional foreign currency revaluation of $0 and $(7) and gains (losses) on non-qualifying derivatives of $(29) and $6, respectively. For the same periods, also includes a gain of $46 on the sale of Talcott Resolution, and, an additional gain (loss) of $(19) and $(18), respectively, on the pending sale of Continental Europe Operations. For the three and six months ended June 30, 2020, includes gains (losses) from transactional foreign currency revaluation of $0 and $10, respectively. For the same periods, also includes gains (losses) on non-qualifying derivatives of $7 and $99, respectively.

Debt Securities, Available-for-sale, Allowance for Credit Loss [Table Text Block]

ACL on Fixed Maturities, AFS by Type
			Three Months Ended June 30, 2021						Three Months Ended June 30, 2020									Six Months Ended June 30, 2021						Six Months Ended June 30, 2020
(Before tax)			Corporate			Total			Corporate			Total						Corporate			Total			Corporate			Total
Balance as of beginning of period			$	19		$	19		$	12		$	12					$	23		$	23		$	—		$	—
Credit losses on fixed maturities where an allowance was not previously recorded			—			—			23			23						2			2			35			35
Reduction due to sales			(15)			(15)			(2)			(2)						(15)			(15)			(2)			(2)
Net increases (decreases) on fixed maturities where an allowance was previously recorded			—			—			(1)			(1)						(6)			(6)			(1)			(1)
Balance as of end of period			$	4		$	4		$	32		$	32					$	4		$	4		$	32		$	32

Schedule of Available-for-sale Securities

Fixed Maturities, AFS, by Type
			June 30, 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			$	1,295		$	—		$	26		$	—		$	1,321								$	1,525		$	—		$	39		$	—		$	1,564
CLOs			3,092			—			9			(1)			3,100									2,780			—			7			(7)			2,780
CMBS			3,853			—			250			(8)			4,095									4,219			—			286			(21)			4,484
Corporate			17,740			(4)			1,457			(32)			19,161									18,401			(23)			1,926			(31)			20,273
Foreign govt./govt. agencies			824			—			52			(3)			873									842			—			77			—			919
Municipal			8,281			—			882			(2)			9,161									8,564			—			940			(1)			9,503
RMBS			3,436			—			92			(8)			3,520									3,966			—			144			(3)			4,107
U.S. Treasuries			2,699			—			96			(3)			2,792									1,264			—			141			—			1,405
Total fixed maturities, AFS			$	41,220		$	(4)		$	2,864		$	(57)		$	44,023								$	41,561		$	(23)		$	3,560		$	(63)		$	45,035

Investments by Contractual Maturity Year

Fixed Maturities, AFS, by Contractual Maturity Year
			June 30, 2021									December 31, 2020
			Amortized Cost			Fair Value						Amortized Cost			Fair Value
One year or less			$	1,224		$	1,241					$	1,411		$	1,432
Over one year through five years			7,949			8,376						7,832			8,286
Over five years through ten years			8,817			9,323						7,622			8,354
Over ten years			11,554			13,047						12,206			14,028
Subtotal			29,544			31,987						29,071			32,100
Mortgage-backed and asset-backed securities			11,676			12,036						12,490			12,935
Total fixed maturities, AFS			$	41,220		$	44,023					$	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 June 30, 2021
						Less Than 12 Months												12 Months or More												Total
						Fair Value			Unrealized Losses									Fair Value			Unrealized Losses									Fair Value			Unrealized Losses
ABS						$	137		$	—								$	—		$	—								$	137		$	—
CLOs						703			(1)									251			—									954			(1)
CMBS						130			(1)									91			(7)									221			(8)
Corporate						1,436			(23)									207			(9)									1,643			(32)
Foreign govt./govt. agencies						153			(3)									—			—									153			(3)
Municipal						263			(2)									—			—									263			(2)
RMBS						725			(8)									6			—									731			(8)
U.S. Treasuries						377			(3)									—			—									377			(3)
Total fixed maturities, AFS in an unrealized loss position						$	3,924		$	(41)								$	555		$	(16)								$	4,479		$	(57)

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 June 30,									Six Months Ended June 30,
			2021			2020						2021			2020
ACL as of beginning of period			$	34		$	21					$	38		$	—
Cumulative effect of accounting changes [1]															19
Adjusted beginning ACL			34			21						38			19
Current period provision (release)			(10)			22						(14)			24
ACL as of June 30,			$	24		$	43					$	24		$	43

[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 June 30, 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%			$	—		—x			$	57		2.13x			$	187		1.61x			$	175		1.25x			$	45		1.75x			$	140		1.51x			$	604		1.54x
Less than 65%			713			2.93x			642			2.69x			730			2.71x			428			2.22x			421			1.85x			1,362			2.51x			4,296			2.55x
Total mortgage loans			$	713		2.93x			$	699		2.64x			$	917		2.49x			$	603		1.93x			$	466		1.84x			$	1,502		2.42x			$	4,900		2.42x

[1] Amortized cost of mortgage loans excludes ACL of $24.

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
			June 30, 2021									December 31, 2020
			Amortized Cost			Percent of Total						Amortized Cost			Percent of Total
East North Central			$	293		6.0		%				$	290		6.4		%
Middle Atlantic			289			5.9		%				291			6.4		%
Mountain			345			7.0		%				254			5.6		%
New England			395			8.1		%				397			8.8		%
Pacific			1,196			24.4		%				1,001			22.1		%
South Atlantic			1,246			25.4		%				1,038			22.9		%
West North Central			44			0.9		%				44			1.0		%
West South Central			373			7.6		%				433			9.5		%
Other [1]			719			14.7		%				783			17.3		%
Total mortgage loans			4,900			100.0		%				4,531			100.0		%
ACL			(24)									(38)
Total mortgage loans, net of ACL			$	4,876								$	4,493

[1]Primarily represents loans collateralized by multiple properties in various regions.

Mortgage Loans by Property Type
			June 30, 2021									December 31, 2020
			Amortized Cost			Percent of Total						Amortized Cost			Percent of Total
Commercial
Industrial			$	1,622		33.1		%				$	1,339		29.5		%
Multifamily			1,609			32.8		%				1,498			33.1		%
Office			652			13.3		%				774			17.1		%
Retail [1]			901			18.4		%				788			17.4		%
Single Family			76			1.6		%				92			2.0		%
Other			40			0.8		%				40			0.9		%
Total mortgage loans			4,900			100.0		%				4,531			100.0		%
ACL			(24)									(38)
Total mortgage loans, net of ACL			$	4,876								$	4,493

[1]Primarily comprised of grocery-anchored retail centers, with no exposure to regional shopping malls.

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