Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting Information, by Segment



	Operating Results
	Americas
Year Ended December 31, 2015	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	7,228		$	16,358		$	3,019		$	2,891		$	29,496		$	6,937		$	2,036		$	79		$	38,548		$	(3	)	$	38,545
Universal life and investment-type product policy fees	4,933			740			259			1,116			7,048			1,542			424			99			9,113			394			9,507
Net investment income	7,814			1,898			5,710			1,047			16,469			2,675			326			319			19,789			(508		)	19,281
Other revenues	989			451			286			42			1,768			105			61			86			2,020			(37		)	1,983
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			597			597
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			38			38
Total revenues	20,964			19,447			9,274			5,096			54,781			11,259			2,847			583			69,470			481			69,951
Expenses
Policyholder benefits and claims and policyholder dividends	9,995			15,170			5,447			2,625			33,237			5,275			988			65			39,565			537			40,102
Interest credited to policyholder account balances	2,198			151			1,184			349			3,882			1,309			120			23			5,334			276			5,610
Capitalization of DAC	(1,048		)	(151		)	(19		)	(426		)	(1,644		)	(1,720		)	(472		)	(1		)	(3,837		)	—			(3,837		)
Amortization of DAC and VOBA	1,561			164			21			303			2,049			1,256			497			—			3,802			134			3,936
Amortization of negative VOBA	—			—			—			(1		)	(1		)	(309		)	(16		)	—			(326		)	(35		)	(361		)
Interest expense on debt	(1		)	—			3			—			2			—			—			1,198			1,200			8			1,208
Other expenses	4,855			2,703			512			1,666			9,736			3,611			1,469			990			15,806			17			15,823
Total expenses	17,560			18,037			7,148			4,516			47,261			9,422			2,586			2,275			61,544			937			62,481
Provision for income tax expense (benefit)	956			499			739			7			2,201			457			21			(353		)	2,326			(178		)	2,148
Operating earnings	$	2,448		$	911		$	1,387		$	573		$	5,319		$	1,380		$	240		$	(1,339	)	5,600
Adjustments to:
Total revenues																									481
Total expenses																									(937		)
Provision for income tax (expense) benefit																									178
Income (loss) from continuing operations, net of income tax																									$	5,322					$	5,322



At December 31, 2015	Retail		Group, Voluntary & Worksite Benefits		Corporate Benefit Funding		Latin America		Asia (1)		EMEA		Corporate & Other		Total
	(In millions)
Total assets	$	347,257	$	46,476	$	225,015	$	65,266	$	113,895	$	26,767	$	53,257	$	877,933
Separate account assets	$	159,782	$	638	$	82,157	$	46,061	$	8,964	$	3,996	$	—	$	301,598
Separate account liabilities	$	159,782	$	638	$	82,157	$	46,061	$	8,964	$	3,996	$	—	$	301,598

______________


(1)	Total assets includes $90.0 billion of assets from the Japan operations which represents 10% of total consolidated assets.



	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
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.



	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
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

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,
	2015		2014		2013
	(In millions)
Life insurance	$	23,037	$	23,483	$	23,189
Accident & health insurance	13,090		13,336		13,214
Annuities	9,653		9,984		8,987
Property & casualty insurance	3,504		3,524		3,270
Non-insurance	751		716		385
Total	$	50,035	$	51,043	$	49,045

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,
	2015		2014		2013
	(In millions)
U.S.	$	35,042	$	34,536	$	32,529
Foreign:
Japan	6,264		6,917		7,373
Other	8,729		9,590		9,143
Total	$	50,035	$	51,043	$	49,045