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Acquisitions and Sale of Businesses (Tables)
 12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Summarized financial information
The impact of the sale of the run-off long-term care insurance business is shown below (in millions):
 
December 24, 2015
Net sale proceeds (*)
 
 
$
13

 
 
 
 
Assets of businesses sold:
 
 
 
Cash and investments
$
1,334

 


Recoverables from reinsurers
630

 


Deferred policy acquisition costs
16

 


Other receivables
16

 


Other assets
(4
)
 


Goodwill
2

 


Total assets
 
 
1,994

Liabilities of businesses sold:
 
 
 
Annuity benefits accumulated
261

 


Life, accident and health reserves
1,525

 


Other liabilities
7

 


Total liabilities
 
 
1,793

Reclassify net unrealized gain on marketable securities
 
 
22

Net assets of businesses sold
 
 
179

 
 
 
 
Loss on subsidiaries, pretax
 
 
(166
)
Tax benefit
 
 
58

Loss on subsidiaries, net of tax
 
 
$
(108
)

(*)
Includes the fair value of the potential additional consideration and capital maintenance agreement and is shown net of estimated expenses.

Revenues, costs and expenses, and earnings before income taxes for the subsidiaries sold were (in millions):
 
Year ended
 
December 31, 2015
Life, accident and health net earned premiums:
 
Long-term care
$
73

Life operations
11

Net investment income
73

Realized gains (losses) on securities and other income
(11
)
Total revenues
146

Annuity benefits
8

Life, accident and health benefits:
 
Long-term care
91

Life operations
11

Annuity and supplemental insurance acquisition expenses
12

Other expenses
16

Total costs and expenses
138

Earnings before income taxes
$
8