Dispositions - Dispositions (Tables)

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Effects of Reinsurance [Table Text Block]

The Company entered into reinsurance transactions with Brighthouse in the normal course of business and such transactions will continue based upon business needs. Information regarding the significant effects of reinsurance transactions with Brighthouse was as follows:

	Included on Consolidated Statements of Operations						Excluded from Consolidated Statements of Operations
	Years Ended December 31,						Years Ended December 31,
	2018			2017 (1)			2017 (2)			2016
	(In millions)
Premiums
Reinsurance assumed	$	401		$	183		$	248		$	462
Reinsurance ceded	(13		)	(4		)	(7		)	(9		)
Net premiums	$	388		$	179		$	241		$	453
Universal life and investment-type product policy fees
Reinsurance assumed	$	7		$	(4	)	$	(6	)	$	(2	)
Reinsurance ceded	(96		)	(44		)	(55		)	(102		)
Net universal life and investment-type product policy fees	$	(89	)	$	(48	)	$	(61	)	$	(104	)
Policyholder benefits and claims
Reinsurance assumed	$	328		$	150		$	196		$	385
Reinsurance ceded	(36		)	(22		)	(16		)	(23		)
Net policyholder benefits and claims	$	292		$	128		$	180		$	362
Interest credited to policyholder account balances
Reinsurance assumed	$	14		$	6		$	10		$	16
Reinsurance ceded	(71		)	(30		)	(42		)	(75		)
Net interest credited to policyholder account balances	$	(57	)	$	(24	)	$	(32	)	$	(59	)
Other expenses
Reinsurance assumed	$	105		$	39		$	10		$	88
Reinsurance ceded	(29		)	7			(28		)	(29		)
Net other expenses	$	76		$	46		$	(18	)	$	59

__________________

(1) Includes transactions after the Separation.

(2) Includes transactions prior to the Separation.

Information regarding the related party effects of reinsurance transactions with Brighthouse included on the consolidated balance sheets was as follows at:

	December 31, 2017
	Assumed		Ceded
	(In millions)
Assets
Premiums, reinsurance and other receivables	$	167	$	1,793
Deferred policy acquisition costs and value of business acquired	384		(40		)
Total assets	$	551	$	1,753
Liabilities
Future policy benefits	$	1,734	$	—
Other policy-related balances	119		28
Other liabilities	1,458		19
Total liabilities	$	3,311	$	47

The amounts on the consolidated balance sheets include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows at:

	December 31,
	2018									2017
	Direct		Assumed		Ceded			Total Balance Sheet		Direct		Assumed		Ceded			Total Balance Sheet
	(In millions)
Assets
Premiums, reinsurance and other receivables	$	5,988	$	1,603	$	12,053		$	19,644	$	6,300	$	866	$	11,257		$	18,423
Deferred policy acquisition costs and value of business acquired	18,812		385		(302		)	18,895		18,350		398		(329		)	18,419
Total assets	$	24,800	$	1,988	$	11,751		$	38,539	$	24,650	$	1,264	$	10,928		$	36,842
Liabilities
Future policy benefits	$	183,367	$	3,413	$	—		$	186,780	$	174,694	$	3,280	$	—		$	177,974
Policyholder account balances	183,207		488		(2		)	183,693		182,226		293		(1		)	182,518
Other policy-related balances	15,519		986		24			16,529		14,962		520		33			15,515
Other liabilities	14,848		2,131		5,985			22,964		17,077		1,896		5,009			23,982
Total liabilities	$	396,941	$	7,018	$	6,007		$	409,966	$	388,959	$	5,989	$	5,041		$	399,989

The amounts on the consolidated statements of operations include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows:

	Years Ended December 31,
	2018			2017			2016
	(In millions)
Premiums
Direct premiums	$	44,199		$	39,595		$	37,975
Reinsurance assumed	2,021			1,773			1,363
Reinsurance ceded	(2,380		)	(2,376		)	(2,136		)
Net premiums	$	43,840		$	38,992		$	37,202
Universal life and investment-type product policy fees
Direct universal life and investment-type product policy fees	$	6,008		$	5,978		$	5,884
Reinsurance assumed	86			83			96
Reinsurance ceded	(592		)	(551		)	(497		)
Net universal life and investment-type product policy fees	$	5,502		$	5,510		$	5,483
Policyholder benefits and claims
Direct policyholder benefits and claims	$	43,456		$	39,354		$	37,186
Reinsurance assumed	1,583			1,388			1,085
Reinsurance ceded	(2,383		)	(2,429		)	(1,913		)
Net policyholder benefits and claims	$	42,656		$	38,313		$	36,358
Other expenses
Direct other expenses	$	13,704		$	13,610		$	13,958
Reinsurance assumed	321			246			169
Reinsurance ceded	(311		)	(235		)	(378		)
Net other expenses	$	13,714		$	13,621		$	13,749

Disposal Groups, Including Discontinued Operations [Table Text Block]

	For the Years Ended December 31,
	2017 (1)			2016
	(In millions)
Revenues
Premiums	$	820		$	1,951
Universal life and investment-type product policy fees	2,201			3,724
Net investment income	1,783			3,157
Other revenues	150			74
Total net investment gains (losses)	(48		)	(140		)
Net derivative gains (losses)	(1,061		)	(5,886		)
Total revenues	3,845			2,880
Expenses
Policyholder benefits and claims	2,217			4,487
Interest credited to policyholder account balances	620			1,107
Policyholder dividends	16			34
Goodwill impairment	—			260
Other expenses	853			1,333
Total expenses	3,706			7,221
Income (loss) from discontinued operations before provision for income tax and loss on disposal of discontinued operations	139			(4,341		)
Provision for income tax expense (benefit)	(46		)	(1,607		)
Income (loss) from discontinued operations before loss on disposal of discontinued operations, net of income tax	185			(2,734		)
Transaction costs associated with the Separation, net of income tax	(216		)	—
Tax charges associated with the Separation	(955		)	—
Income (loss) on disposal of discontinued operations, net of income tax	(1,171		)	—
Income (loss) from discontinued operations, net of income tax	$	(986	)	$	(2,734	)

__________________

(1) Includes transactions prior to the Separation.

In the consolidated statements of cash flows, the cash flows from discontinued operations are not separately classified. The following table presents selected financial information regarding cash flows of the discontinued operations.

	For the Years Ended December 31,
	2017			2016
	(In millions)
Net cash provided by (used in):
Operating activities	$	1,329		$	3,697
Investing activities	$	(2,732	)	$	4,674
Financing activities	$	(367	)	$	(4,715	)