TALCOTT RESOLUTION LIFE INSURANCE CO financial statements (2021 and earlier)

Company profile

Business Address 1 GRIFFIN ROAD NORTH
WINDSOR, CT 06095
State of Incorp. CT
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1811,6431,9038772,4202,3983,696
Cash and cash equivalents2215375543052584461,342
Short-term investments9601,1061,3495722,1621,9522,354
Receivables  64276231  
Income taxes receivable80(192)
Total current assets:1,1811,6431,9671,1532,6512,4783,504
Noncurrent Assets
Long-term investments and receivables8941,0009301,2001,300270582
Long-term investments8941,0009301,2001,300270582
Intangible assets, net (including goodwill)51    250
Goodwill      250
Intangible assets, net (excluding goodwill)51      
Total noncurrent assets:9451,0009301,2001,300270832
Other undisclosed assets148,020166,089167,449172,997187,824199,967211,555
TOTAL ASSETS:150,146168,732170,346175,350191,775202,715215,891
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Securities loaned 674435    
Total current liabilities: 674435    
Noncurrent Liabilities
Other undisclosed liabilities148,141161,378162,090167,188182,484194,476205,508
Total liabilities:148,141162,052162,525167,188182,484194,476205,508
Stockholders' equity
Stockholders' equity attributable to parent2,0056,6807,8218,1629,2918,23910,383
Common stock6666666
Additional paid in capital1,7613,5394,9355,6876,6886,9598,155
Accumulated other comprehensive income (loss)(171)1,0237225931,2215741,987
Retained earnings4092,1122,1581,8761,376700235
Total stockholders' equity:2,0056,6807,8218,1629,2918,23910,383
TOTAL LIABILITIES AND EQUITY:150,146168,732170,346175,350191,775202,715215,891

Income statement (P&L) ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 2,2322,3822,4993,3623,6554,420
Net investment income 1,2811,3731,4561,5431,6832,747
Realized investment gains (losses) (60)(163)(146)577326(1,413)
Financial services revenue1,0111,1721,1891,24218484
Cost of revenue (1,456)(40)(1,473)(1,673)254357
Deferred policy acquisition costs, amortization expense (48)(40)(69)(206)228324
Financial services costs(1,406) (1,402)(1,460)  
Gross profit: 7762,3421,0261,6893,9094,777
Operating expenses (400) (524)(851)401(294)
Operating income: 3762,3425028384,3104,483
Nonoperating income (expense)
(Investment Income, Nonoperating)
   28528(1,190)(1,219)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (1,986)    
Income from continuing operations before equity method investments, income taxes: 3763565301,3663,1203,264
Other undisclosed loss from continuing operations before income taxes    (505)(2,559)(2,644)
Income from continuing operations before income taxes: 376356530861561620
Income tax expense (422)(74)(30)(184)(49)(35)
Income (loss) from continuing operations: (46)282500677512585
Loss from discontinued operations      (29)
Income (loss) before gain (loss) on sale of properties: (46)282500677512556
Other undisclosed net loss     (41) 
Net income (loss): (46)282500677471556
Net loss attributable to noncontrolling interest    (1)(6)(2)
Net income (loss) available to common stockholders, diluted: (46)282500676465554

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): (46)282500677471556
Other comprehensive income (loss) 301129(628)647(1,413)1,034
Comprehensive income (loss): 255411(128)1,324(942)1,590
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (1)62
Other undisclosed comprehensive loss, net of tax, attributable to parent     (12)(4)
Comprehensive income (loss), net of tax, attributable to parent: 255411(128)1,323(948)1,588

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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