XML 49 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information (Earnings) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Premiums $ 9,417 $ 9,312 $ 19,110 $ 18,565
Universal life and investment-type product policy fees 2,286 2,434 4,630 4,828
Net investment income 4,887 4,947 9,446 10,408
Other revenues 487 518 974 1,013
Net investment gains (losses) 266 (133) 281 153
Net derivative gains (losses) (2,099) (912) (764) (91)
Total revenues 15,244 16,166 33,677 34,876
Expenses        
Policyholder benefits and claims and policyholder dividends 10,598 9,683 20,591 19,279
Interest credited to policyholder account balances 1,500 1,298 2,826 3,293
Capitalization of DAC (915) (927) (1,896) (1,895)
Amortization of DAC and VOBA 121 897 1,116 1,922
Amortization of negative VOBA (67) (92) (166) (192)
Interest expense on debt 306 308 618 606
Other expenses 3,801 3,886 7,766 7,691
Total expenses 15,344 15,053 30,855 30,704
Provision for income tax expense (benefit) (214) (6) 505 890
Net income (loss) 114 1,119 2,317 3,282
Operating Segments        
Revenues        
Premiums 9,417 9,313 18,684 18,566
Universal life and investment-type product policy fees 2,173 2,335 4,324 4,629
Net investment income 4,881 5,185 9,587 10,167
Other revenues 484 527 971 1,030
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 16,955 17,360 33,566 34,392
Expenses        
Policyholder benefits and claims and policyholder dividends 10,385 9,503 19,978 18,950
Interest credited to policyholder account balances 1,314 1,342 2,615 2,673
Capitalization of DAC (915) (927) (1,791) (1,895)
Amortization of DAC and VOBA 1,015 1,001 1,896 1,954
Amortization of negative VOBA (61) (83) (128) (173)
Interest expense on debt 303 307 615 604
Other expenses 3,659 3,882 7,369 7,682
Total expenses 15,700 15,025 30,554 29,795
Provision for income tax expense (benefit) 285 539 707 1,133
Operating earnings 970 1,796 2,305 3,464
Operating Segments | Americas        
Revenues        
Premiums 7,204 6,953 14,287 13,936
Universal life and investment-type product policy fees 1,683 1,795 3,365 3,567
Net investment income 4,076 4,293 8,002 8,399
Other revenues 422 461 845 906
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 13,385 13,502 26,499 26,808
Expenses        
Policyholder benefits and claims and policyholder dividends 8,753 7,855 16,824 15,711
Interest credited to policyholder account balances 959 972 1,908 1,930
Capitalization of DAC (381) (397) (769) (797)
Amortization of DAC and VOBA 605 531 1,096 1,030
Amortization of negative VOBA 0 (1) 0 (1)
Interest expense on debt 4 1 8 1
Other expenses 2,291 2,450 4,643 4,839
Total expenses 12,231 11,411 23,710 22,713
Provision for income tax expense (benefit) 319 648 816 1,271
Operating earnings 835 1,443 1,973 2,824
Operating Segments | Retail        
Revenues        
Premiums 1,695 1,747 3,435 3,496
Universal life and investment-type product policy fees 1,156 1,252 2,305 2,488
Net investment income 1,950 2,003 3,830 3,983
Other revenues 224 263 439 514
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 5,025 5,265 10,009 10,481
Expenses        
Policyholder benefits and claims and policyholder dividends 2,937 2,373 5,395 4,822
Interest credited to policyholder account balances 525 551 1,047 1,093
Capitalization of DAC (245) (257) (500) (504)
Amortization of DAC and VOBA 487 400 860 775
Amortization of negative VOBA 0 0 0 0
Interest expense on debt 1 0 3 (1)
Other expenses 1,124 1,220 2,273 2,396
Total expenses 4,829 4,287 9,078 8,581
Provision for income tax expense (benefit) 12 288 215 557
Operating earnings 184 690 716 1,343
Operating Segments | Group, Voluntary & Worksite Benefits        
Revenues        
Premiums 4,276 4,104 8,570 8,221
Universal life and investment-type product policy fees 197 183 382 371
Net investment income 458 481 905 959
Other revenues 117 114 248 227
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 5,048 4,882 10,105 9,778
Expenses        
Policyholder benefits and claims and policyholder dividends 3,990 3,805 8,024 7,640
Interest credited to policyholder account balances 37 38 74 75
Capitalization of DAC (39) (36) (75) (72)
Amortization of DAC and VOBA 39 39 79 80
Amortization of negative VOBA 0 0 0 0
Interest expense on debt 1 0 1 0
Other expenses 685 681 1,397 1,345
Total expenses 4,713 4,527 9,500 9,068
Provision for income tax expense (benefit) 114 124 210 251
Operating earnings 221 231 395 459
Operating Segments | Corporate Benefit Funding        
Revenues        
Premiums 517 319 875 737
Universal life and investment-type product policy fees 61 59 141 113
Net investment income 1,421 1,526 2,763 2,956
Other revenues 72 77 142 148
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 2,071 1,981 3,921 3,954
Expenses        
Policyholder benefits and claims and policyholder dividends 1,181 933 2,143 1,924
Interest credited to policyholder account balances 313 294 623 587
Capitalization of DAC (1) (4) (1) (10)
Amortization of DAC and VOBA 4 6 9 11
Amortization of negative VOBA 0 0 0 0
Interest expense on debt 2 1 4 2
Other expenses 109 130 229 254
Total expenses 1,608 1,360 3,007 2,768
Provision for income tax expense (benefit) 161 215 317 411
Operating earnings 302 406 597 775
Operating Segments | Latin America        
Revenues        
Premiums 716 783 1,407 1,482
Universal life and investment-type product policy fees 269 301 537 595
Net investment income 247 283 504 501
Other revenues 9 7 16 17
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 1,241 1,374 2,464 2,595
Expenses        
Policyholder benefits and claims and policyholder dividends 645 744 1,262 1,325
Interest credited to policyholder account balances 84 89 164 175
Capitalization of DAC (96) (100) (193) (211)
Amortization of DAC and VOBA 75 86 148 164
Amortization of negative VOBA 0 (1) 0 (1)
Interest expense on debt 0 0 0 0
Other expenses 373 419 744 844
Total expenses 1,081 1,237 2,125 2,296
Provision for income tax expense (benefit) 32 21 74 52
Operating earnings 128 116 265 247
Operating Segments | Asia        
Revenues        
Premiums 1,681 1,809 3,339 3,561
Universal life and investment-type product policy fees 370 400 720 797
Net investment income 678 679 1,296 1,363
Other revenues 16 28 33 56
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 2,745 2,916 5,388 5,777
Expenses        
Policyholder benefits and claims and policyholder dividends 1,324 1,375 2,560 2,715
Interest credited to policyholder account balances 324 328 643 665
Capitalization of DAC (426) (398) (811) (833)
Amortization of DAC and VOBA 304 336 590 662
Amortization of negative VOBA (57) (78) (121) (164)
Interest expense on debt 0 0 0 0
Other expenses 877 869 1,728 1,773
Total expenses 2,346 2,432 4,589 4,818
Provision for income tax expense (benefit) 140 59 235 207
Operating earnings 259 425 564 752
Operating Segments | EMEA        
Revenues        
Premiums 519 525 1,019 1,033
Universal life and investment-type product policy fees 95 114 190 216
Net investment income 83 84 163 167
Other revenues 19 19 39 29
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 716 742 1,411 1,445
Expenses        
Policyholder benefits and claims and policyholder dividends 283 265 544 504
Interest credited to policyholder account balances 30 34 59 64
Capitalization of DAC (106) (132) (207) (265)
Amortization of DAC and VOBA 103 133 205 261
Amortization of negative VOBA (4) (4) (7) (8)
Interest expense on debt 0 0 0 0
Other expenses 336 389 669 751
Total expenses 642 685 1,263 1,307
Provision for income tax expense (benefit) 10 7 21 18
Operating earnings 64 50 127 120
Operating Segments | Corporate & Other        
Revenues        
Premiums 13 26 39 36
Universal life and investment-type product policy fees 25 26 49 49
Net investment income 44 129 126 238
Other revenues 27 19 54 39
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 109 200 268 362
Expenses        
Policyholder benefits and claims and policyholder dividends 25 8 50 20
Interest credited to policyholder account balances 1 8 5 14
Capitalization of DAC (2) 0 (4) 0
Amortization of DAC and VOBA 3 1 5 1
Amortization of negative VOBA 0 0 0 0
Interest expense on debt 299 306 607 603
Other expenses 155 174 329 319
Total expenses 481 497 992 957
Provision for income tax expense (benefit) (184) (175) (365) (363)
Operating earnings (188) (122) (359) (232)
Significant Reconciling Items        
Revenues        
Premiums 0 (1) 426 (1)
Universal life and investment-type product policy fees 113 99 306 199
Net investment income 6 (238) (141) 241
Other revenues 3 (9) 3 (17)
Net investment gains (losses) 266 (133) 281 153
Net derivative gains (losses) (2,099) (912) (764) (91)
Total revenues (1,711) (1,194) 111 484
Expenses        
Policyholder benefits and claims and policyholder dividends 213 180 613 329
Interest credited to policyholder account balances 186 (44) 211 620
Capitalization of DAC 0 0 (105) 0
Amortization of DAC and VOBA (894) (104) (780) (32)
Amortization of negative VOBA (6) (9) (38) (19)
Interest expense on debt 3 1 3 2
Other expenses 142 4 397 9
Total expenses (356) 28 301 909
Provision for income tax expense (benefit) $ (499) $ (545) $ (202) $ (243)