Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

	Operating Results
	Americas
Year Ended December 31, 2014	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	7,280		$	15,979		$	2,768		$	3,039		$	29,066		$	7,566		$	2,309		$	81		$	39,022		$	45		$	39,067
Universal life and investment-type product policy fees	5,074			716			226			1,239			7,255			1,693			466			127			9,541			405			9,946
Net investment income	7,887			1,861			5,684			1,229			16,661			2,886			428			509			20,484			669			21,153
Other revenues	1,059			420			286			35			1,800			106			60			67			2,033			(3		)	2,030
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			(197		)	(197		)
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			1,317			1,317
Total revenues	21,300			18,976			8,964			5,542			54,782			12,251			3,263			784			71,080			2,236			73,316
Expenses
Policyholder benefits and claims and policyholder dividends	9,851			14,897			5,106			2,786			32,640			5,724			1,053			61			39,478			1,000			40,478
Interest credited to policyholder account balances	2,245			156			1,140			394			3,935			1,544			148			34			5,661			1,282			6,943
Goodwill impairment	—			—			—			—			—			—			—			—			—			—			—
Capitalization of DAC	(969		)	(143		)	(31		)	(445		)	(1,588		)	(1,914		)	(680		)	—			(4,182		)	(1		)	(4,183		)
Amortization of DAC and VOBA	1,515			149			19			334			2,017			1,397			613			—			4,027			105			4,132
Amortization of negative VOBA	—			—			—			(1		)	(1		)	(364		)	(31		)	—			(396		)	(46		)	(442		)
Interest expense on debt	1			1			9			—			11			—			—			1,167			1,178			38			1,216
Other expenses	4,711			2,571			492			1,810			9,584			3,975			1,846			849			16,254			114			16,368
Total expenses	17,354			17,631			6,735			4,878			46,598			10,362			2,949			2,111			62,020			2,492			64,512
Provision for income tax expense (benefit)	1,130			467			771			96			2,464			582			29			(697		)	2,378			87			2,465
Operating earnings	$	2,816		$	878		$	1,458		$	568		$	5,720		$	1,307		$	285		$	(630	)	6,682
Adjustments to:
Total revenues																									2,236
Total expenses																									(2,492		)
Provision for income tax (expense) benefit																									(87		)
Income (loss) from continuing operations, net of income tax																									$	6,339					$	6,339

At December 31, 2014	Retail		Group, Voluntary & Worksite Benefits		Corporate Benefit Funding		Latin America		Asia (1)		EMEA		Corporate & Other		Total
	(In millions)
Total assets	$	359,188	$	46,483	$	228,543	$	72,259	$	117,894	$	29,217	$	48,753	$	902,337
Separate account assets	$	171,726	$	669	$	81,150	$	50,301	$	9,078	$	4,070	$	—	$	316,994
Separate account liabilities	$	171,726	$	669	$	81,150	$	50,301	$	9,078	$	4,070	$	—	$	316,994

______________

(1) Total assets includes $95.0 billion of assets from the Japan operations which represents 11% of total consolidated assets. See Note 11 for information regarding goodwill.

	Operating Results
	Americas
Year Ended December 31, 2013	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	6,528		$	15,250		$	2,767		$	2,870		$	27,415		$	7,801		$	2,297		$	70		$	37,583		$	91		$	37,674
Universal life and investment-type product policy fees	4,912			688			247			991			6,838			1,722			386			139			9,085			366			9,451
Net investment income	7,796			1,833			5,506			1,145			16,280			2,943			425			746			20,394			1,838			22,232
Other revenues	1,018			418			278			23			1,737			92			97			28			1,954			(34		)	1,920
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			161			161
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			(3,239		)	(3,239		)
Total revenues	20,254			18,189			8,798			5,029			52,270			12,558			3,205			983			69,016			(817		)	68,199
Expenses
Policyholder benefits and claims and policyholder dividends	9,028			14,227			5,180			2,487			30,922			5,755			1,039			30			37,746			1,620			39,366
Interest credited to policyholder account balances	2,331			155			1,233			417			4,136			1,690			147			42			6,015			2,164			8,179
Goodwill impairment	—			—			—			—			—			—			—			—			—			—			—
Capitalization of DAC	(1,309		)	(141		)	(27		)	(452		)	(1,929		)	(2,143		)	(714		)	—			(4,786		)	—			(4,786		)
Amortization of DAC and VOBA	1,384			140			23			311			1,858			1,542			683			—			4,083			(533		)	3,550
Amortization of negative VOBA	—			—			—			(2		)	(2		)	(427		)	(95		)	—			(524		)	(55		)	(579		)
Interest expense on debt	—			1			9			—			10			—			1			1,148			1,159			123			1,282
Other expenses	5,101			2,379			481			1,722			9,683			4,317			1,812			784			16,596			539			17,135
Total expenses	16,535			16,761			6,899			4,483			44,678			10,734			2,873			2,004			60,289			3,858			64,147
Provision for income tax expense (benefit)	1,107			480			667			83			2,337			565			51			(609		)	2,344			(1,683		)	661
Operating earnings	$	2,612		$	948		$	1,232		$	463		$	5,255		$	1,259		$	281		$	(412	)	6,383
Adjustments to:
Total revenues																									(817		)
Total expenses																									(3,858		)
Provision for income tax (expense) benefit																									1,683
Income (loss) from continuing operations, net of income tax																									$	3,391					$	3,391

At December 31, 2013	Retail		Group, Voluntary & Worksite Benefits		Corporate Benefit Funding		Latin America		Asia (1)		EMEA		Corporate & Other		Total
	(In millions)
Total assets	$	349,230	$	43,646	$	219,612	$	70,427	$	121,386	$	34,937	$	46,058	$	885,296
Separate account assets	$	172,382	$	644	$	77,023	$	49,660	$	8,996	$	8,496	$	—	$	317,201
Separate account liabilities	$	172,382	$	644	$	77,023	$	49,660	$	8,996	$	8,496	$	—	$	317,201

______________

(1) Total assets includes $100.0 billion of assets from the Japan operations which represents 11% of total consolidated assets. See Note 11 for information regarding goodwill.

	Operating Results
	Americas
Year Ended December 31, 2012	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	6,532		$	14,794		$	2,681		$	2,578		$	26,585		$	8,344		$	2,370		$	56		$	37,355		$	620		$	37,975
Universal life and investment-type product policy fees	4,561			662			225			785			6,233			1,491			333			155			8,212			344			8,556
Net investment income	7,709			1,763			5,435			1,104			16,011			2,919			482			875			20,287			1,697			21,984
Other revenues	879			422			259			16			1,576			26			121			33			1,756			150			1,906
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			(352		)	(352		)
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			(1,919		)	(1,919		)
Total revenues	19,681			17,641			8,600			4,483			50,405			12,780			3,306			1,119			67,610			540			68,150
Expenses
Policyholder benefits and claims and policyholder dividends	9,010			13,691			5,039			2,231			29,971			5,819			1,196			119			37,105			2,251			39,356
Interest credited to policyholder account balances	2,375			167			1,358			393			4,293			1,784			126			39			6,242			1,487			7,729
Goodwill impairment	—			—			—			—			—			—			—			—			—			1,868			1,868
Capitalization of DAC	(1,753		)	(138		)	(29		)	(353		)	(2,273		)	(2,288		)	(723		)	—			(5,284		)	(5		)	(5,289		)
Amortization of DAC and VOBA	1,607			133			22			224			1,986			1,563			626			2			4,177			22			4,199
Amortization of negative VOBA	—			—			—			(5		)	(5		)	(456		)	(94		)	—			(555		)	(67		)	(622		)
Interest expense on debt	—			1			8			(1		)	8			5			1			1,176			1,190			166			1,356
Other expenses	5,367			2,363			449			1,380			9,559			4,741			1,812			550			16,662			1,449			18,111
Total expenses	16,606			16,217			6,847			3,869			43,539			11,168			2,944			1,886			59,537			7,171			66,708
Provision for income tax expense (benefit)	910			474			596			95			2,075			561			127			(461		)	2,302			(2,174		)	128
Operating earnings	$	2,165		$	950		$	1,157		$	519		$	4,791		$	1,051		$	235		$	(306	)	5,771
Adjustments to:
Total revenues																									540
Total expenses																									(7,171		)
Provision for income tax (expense) benefit																									2,174
Income (loss) from continuing operations, net of income tax																									$	1,314					$	1,314

Premiums, Universal Life and Investment-Type Policy Fees and Other Revenue by Product Groups for Reportable Segment

The following table presents total premiums, universal life and investment-type product policy fees and other revenues by major product groups of the Company’s segments, as well as Corporate & Other:

	Years Ended December 31,
	2014		2013		2012
	(In millions)
Life insurance	$	23,483	$	23,189	$	22,832
Accident & health insurance	13,336		13,214		13,255
Annuities	9,984		8,987		8,891
Property and casualty insurance	3,524		3,270		3,117
Non-insurance	716		385		342
Total	$	51,043	$	49,045	$	48,437

Total premiums, universal life & investment-type product policy fees and other revenues associated with the Company's U.S. and foreign operations

The following table presents total premiums, universal life and investment-type product policy fees and other revenues associated with the Company’s U.S. and foreign operations:

	Years Ended December 31,
	2014		2013		2012
	(In millions)
U.S.	$	34,536	$	32,529	$	31,500
Foreign:
Japan	6,917		7,373		7,833
Other	9,590		9,143		9,104
Total	$	51,043	$	49,045	$	48,437