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Segment Information
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
The accounting policies of the segments are the same as those described in Note 2 – “Significant Accounting Policies and Pronouncements” in the Notes to Consolidated Financial Statements included in the Company’s 2020 Annual Report. The Company measures segment performance primarily based on profit or loss from operations before income taxes. There are no intersegment reinsurance transactions and the Company does not have any material long-lived assets.
The Company allocates capital to its segments based on an internally developed economic capital model, the purpose of which is to measure the risk in the business and to provide a basis upon which capital is deployed. The economic capital model considers the unique and specific nature of the risks inherent in the Company’s businesses. As a result of the economic capital allocation process, a portion of investment income is attributed to the segments based on the level of allocated capital. In addition, the segments are charged for excess capital utilized above the allocated economic capital basis. This charge is included in policy acquisition costs and other insurance expenses.
The Company has geographic-based and business-based operational segments. Geographic-based operations are further segmented into traditional and financial solutions businesses. Information related to revenues, income (loss) before income taxes and total assets of the Company for each reportable segment are summarized below (dollars in millions).
 Three months ended September 30,Nine months ended September 30,
Revenues:2021202020212020
U.S. and Latin America:
Traditional$1,795 $1,599 $5,248 $4,774 
Financial Solutions374 399 1,125 861 
Total2,169 1,998 6,373 5,635 
Canada:
Traditional354 309 1,063 916 
Financial Solutions25 23 77 69 
Total379 332 1,140 985 
Europe, Middle East and Africa:
Traditional454 390 1,370 1,168 
Financial Solutions174 110 459 324 
Total628 500 1,829 1,492 
Asia Pacific:
Traditional663 680 1,963 1,983 
Financial Solutions95 66 303 209 
Total758 746 2,266 2,192 
Corporate and Other109 67 691 149 
Total$4,043 $3,643 $12,299 $10,453 
 Three months ended September 30,Nine months ended September 30,
Income (loss) before income taxes:2021202020212020
U.S. and Latin America:
Traditional$(126)$14 $(329)$(206)
Financial Solutions128 74 397 176 
Total2 88 68 (30)
Canada:
Traditional44 30 100 97 
Financial Solutions— 6 10 13 
Total44 36 110 110 
Europe, Middle East and Africa:
Traditional(91)7 (171)40 
Financial Solutions85 92 228 220 
Total(6)99 57 260 
Asia Pacific:
Traditional(96)78 (67)149 
Financial Solutions6 10 65 11 
Total(90)88 (2)160 
Corporate and Other16 (26)401 (116)
Total$(34)$285 $634 $384 
Assets:September 30, 2021December 31, 2020
U.S. and Latin America:
Traditional$20,196 $20,071 
Financial Solutions29,516 25,433 
Total49,712 45,504 
Canada:
Traditional4,999 4,682 
Financial Solutions11 13 
Total5,010 4,695 
Europe, Middle East and Africa:
Traditional4,808 4,763 
Financial Solutions7,025 7,292 
Total11,833 12,055 
Asia Pacific:
Traditional10,259 8,197 
Financial Solutions7,423 4,299 
Total17,682 12,496 
Corporate and Other7,212 9,906 
Total$91,449 $84,656