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)

3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4811,1811,4671,1571,7701,6431,650
Cash and cash equivalents104221199218277537239
Short-term investments1,3779601,2689391,4931,1061,411
Total current assets:1,4811,1811,4671,1571,7701,6431,650
Noncurrent Assets
Long-term investments and receivables 894   1,000 
Long-term investments 894   1,000 
Intangible assets, net (including goodwill)50515354   
Intangible assets, net (excluding goodwill)50515354   
Total noncurrent assets:509455354 1,000 
Other undisclosed assets154,765148,020157,583161,004158,516166,089168,155
TOTAL ASSETS:156,296150,146159,103162,215160,286168,732169,805
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Securities loaned     674655
Total current liabilities:     674655
Noncurrent Liabilities
Other undisclosed liabilities153,907148,141157,334160,464153,800161,378161,435
Total liabilities:153,907148,141157,334160,464153,800162,052162,090
Stockholders' equity
Stockholders' equity attributable to parent2,3892,0051,7691,7516,4866,6807,715
Common stock6666666
Additional paid in capital1,7611,7611,7611,7613,5413,5394,337
Accumulated other comprehensive income (loss)181(171)(122)(73)8841,023944
Retained earnings441409124572,0552,1122,428
Total stockholders' equity:2,3892,0051,7691,7516,4866,6807,715
TOTAL LIABILITIES AND EQUITY:156,296150,146159,103162,215160,286168,732169,805

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

3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
Revenues271 317156591577533
Insurance commissions and fees203 212  
Net investment income238 21665312323324
Realized investment gains (losses)(193) (136)4211(33)
Financial services revenue78258253242
Cost of revenue(133) (4)(52)(338)(407)(359)
Policyholder benefits and claims incurred, net(174)    
Present value of future insurance profits, amortization expense  (4)    
Financial services costs(45)(325) (352)
Amortization of value of business acquired (voba)43      
Gross profit:138 313104253170174
Operating expenses(106)  (33)(108)(96)(103)
Operating income:32 313711457471
Other undisclosed loss from continuing operations before equity method investments, income taxes(1) (259)    
Income from continuing operations before income taxes:31 54711457471
Income tax expense (benefit)1 13(14)(20)(390)12
Net income (loss) available to common stockholders, diluted:32 6757125(316)83

Comprehensive Income ($ in millions)

3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
Net income (loss):32 6757125(316)83
Other comprehensive income     79 
Comprehensive income (loss):32 6757125(237)83
Other undisclosed comprehensive income (loss), net of tax, attributable to parent352 (49)(73)(321) 25
Comprehensive income (loss), net of tax, attributable to parent:384 18(16)(196)(237)108

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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