Segment Information (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

	Operating Results
	Americas
Three Months Ended June 30, 2016	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	1,695		$	4,276		$	517		$	716		$	7,204		$	1,681		$	519		$	13		$	9,417		$	—		$	9,417
Universal life and investment-type product policy fees	1,156			197			61			269			1,683			370			95			25			2,173			113			2,286
Net investment income	1,950			458			1,421			247			4,076			678			83			44			4,881			6			4,887
Other revenues	224			117			72			9			422			16			19			27			484			3			487
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			266			266
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			(2,099		)	(2,099		)
Total revenues	5,025			5,048			2,071			1,241			13,385			2,745			716			109			16,955			(1,711		)	15,244
Expenses
Policyholder benefits and claims and policyholder dividends	2,937			3,990			1,181			645			8,753			1,324			283			25			10,385			213			10,598
Interest credited to policyholder account balances	525			37			313			84			959			324			30			1			1,314			186			1,500
Capitalization of DAC	(245		)	(39		)	(1		)	(96		)	(381		)	(426		)	(106		)	(2		)	(915		)	—			(915		)
Amortization of DAC and VOBA	487			39			4			75			605			304			103			3			1,015			(894		)	121
Amortization of negative VOBA	—			—			—			—			—			(57		)	(4		)	—			(61		)	(6		)	(67		)
Interest expense on debt	1			1			2			—			4			—			—			299			303			3			306
Other expenses	1,124			685			109			373			2,291			877			336			155			3,659			142			3,801
Total expenses	4,829			4,713			1,608			1,081			12,231			2,346			642			481			15,700			(356		)	15,344
Provision for income tax expense (benefit)	12			114			161			32			319			140			10			(184		)	285			(499		)	(214		)
Operating earnings	$	184		$	221		$	302		$	128		$	835		$	259		$	64		$	(188	)	970
Adjustments to:
Total revenues																									(1,711		)
Total expenses																									356
Provision for income tax (expense) benefit																									499
Net income (loss)																									$	114					$	114

	Operating Results
	Americas
Three Months Ended June 30, 2015	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	1,747		$	4,104		$	319		$	783		$	6,953		$	1,809		$	525		$	26		$	9,313		$	(1	)	$	9,312
Universal life and investment-type product policy fees	1,252			183			59			301			1,795			400			114			26			2,335			99			2,434
Net investment income	2,003			481			1,526			283			4,293			679			84			129			5,185			(238		)	4,947
Other revenues	263			114			77			7			461			28			19			19			527			(9		)	518
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			(133		)	(133		)
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			(912		)	(912		)
Total revenues	5,265			4,882			1,981			1,374			13,502			2,916			742			200			17,360			(1,194		)	16,166
Expenses
Policyholder benefits and claims and policyholder dividends	2,373			3,805			933			744			7,855			1,375			265			8			9,503			180			9,683
Interest credited to policyholder account balances	551			38			294			89			972			328			34			8			1,342			(44		)	1,298
Capitalization of DAC	(257		)	(36		)	(4		)	(100		)	(397		)	(398		)	(132		)	—			(927		)	—			(927		)
Amortization of DAC and VOBA	400			39			6			86			531			336			133			1			1,001			(104		)	897
Amortization of negative VOBA	—			—			—			(1		)	(1		)	(78		)	(4		)	—			(83		)	(9		)	(92		)
Interest expense on debt	—			—			1			—			1			—			—			306			307			1			308
Other expenses	1,220			681			130			419			2,450			869			389			174			3,882			4			3,886
Total expenses	4,287			4,527			1,360			1,237			11,411			2,432			685			497			15,025			28			15,053
Provision for income tax expense (benefit)	288			124			215			21			648			59			7			(175		)	539			(545		)	(6		)
Operating earnings	$	690		$	231		$	406		$	116		$	1,443		$	425		$	50		$	(122	)	1,796
Adjustments to:
Total revenues																									(1,194		)
Total expenses																									(28		)
Provision for income tax (expense) benefit																									545
Net income (loss)																									$	1,119					$	1,119

	Operating Results
	Americas
Six Months Ended June 30, 2016	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	3,435		$	8,570		$	875		$	1,407		$	14,287		$	3,339		$	1,019		$	39		$	18,684		$	426		$	19,110
Universal life and investment-type product policy fees	2,305			382			141			537			3,365			720			190			49			4,324			306			4,630
Net investment income	3,830			905			2,763			504			8,002			1,296			163			126			9,587			(141		)	9,446
Other revenues	439			248			142			16			845			33			39			54			971			3			974
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			281			281
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			(764		)	(764		)
Total revenues	10,009			10,105			3,921			2,464			26,499			5,388			1,411			268			33,566			111			33,677
Expenses
Policyholder benefits and claims and policyholder dividends	5,395			8,024			2,143			1,262			16,824			2,560			544			50			19,978			613			20,591
Interest credited to policyholder account balances	1,047			74			623			164			1,908			643			59			5			2,615			211			2,826
Capitalization of DAC	(500		)	(75		)	(1		)	(193		)	(769		)	(811		)	(207		)	(4		)	(1,791		)	(105		)	(1,896		)
Amortization of DAC and VOBA	860			79			9			148			1,096			590			205			5			1,896			(780		)	1,116
Amortization of negative VOBA	—			—			—			—			—			(121		)	(7		)	—			(128		)	(38		)	(166		)
Interest expense on debt	3			1			4			—			8			—			—			607			615			3			618
Other expenses	2,273			1,397			229			744			4,643			1,728			669			329			7,369			397			7,766
Total expenses	9,078			9,500			3,007			2,125			23,710			4,589			1,263			992			30,554			301			30,855
Provision for income tax expense (benefit)	215			210			317			74			816			235			21			(365		)	707			(202		)	505
Operating earnings	$	716		$	395		$	597		$	265		$	1,973		$	564		$	127		$	(359	)	2,305
Adjustments to:
Total revenues																									111
Total expenses																									(301		)
Provision for income tax (expense) benefit																									202
Net income (loss)																									$	2,317					$	2,317

	Operating Results
	Americas
Six Months Ended June 30, 2015	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	3,496		$	8,221		$	737		$	1,482		$	13,936		$	3,561		$	1,033		$	36		$	18,566		$	(1	)	$	18,565
Universal life and investment-type product policy fees	2,488			371			113			595			3,567			797			216			49			4,629			199			4,828
Net investment income	3,983			959			2,956			501			8,399			1,363			167			238			10,167			241			10,408
Other revenues	514			227			148			17			906			56			29			39			1,030			(17		)	1,013
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			153			153
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			(91		)	(91		)
Total revenues	10,481			9,778			3,954			2,595			26,808			5,777			1,445			362			34,392			484			34,876
Expenses
Policyholder benefits and claims and policyholder dividends	4,822			7,640			1,924			1,325			15,711			2,715			504			20			18,950			329			19,279
Interest credited to policyholder account balances	1,093			75			587			175			1,930			665			64			14			2,673			620			3,293
Capitalization of DAC	(504		)	(72		)	(10		)	(211		)	(797		)	(833		)	(265		)	—			(1,895		)	—			(1,895		)
Amortization of DAC and VOBA	775			80			11			164			1,030			662			261			1			1,954			(32		)	1,922
Amortization of negative VOBA	—			—			—			(1		)	(1		)	(164		)	(8		)	—			(173		)	(19		)	(192		)
Interest expense on debt	(1		)	—			2			—			1			—			—			603			604			2			606
Other expenses	2,396			1,345			254			844			4,839			1,773			751			319			7,682			9			7,691
Total expenses	8,581			9,068			2,768			2,296			22,713			4,818			1,307			957			29,795			909			30,704
Provision for income tax expense (benefit)	557			251			411			52			1,271			207			18			(363		)	1,133			(243		)	890
Operating earnings	$	1,343		$	459		$	775		$	247		$	2,824		$	752		$	120		$	(232	)	3,464
Adjustments to:
Total revenues																									484
Total expenses																									(909		)
Provision for income tax (expense) benefit																									243
Net income (loss)																									$	3,282					$	3,282

The following table presents total assets with respect to the Company’s segments, as well as Corporate & Other, at:

	June 30, 2016		December 31, 2015
	(In millions)
Retail	$	364,611	$	347,257
Group, Voluntary & Worksite Benefits	51,721		46,476
Corporate Benefit Funding	236,311		225,015
Latin America	68,971		65,266
Asia	131,537		113,895
EMEA	27,007		26,767
Corporate & Other	62,409		53,257
Total	$	942,567	$	877,933