Reinsurance (Tables)

12 Months Ended

Dec. 31, 2012

Reinsurance [Abstract]

Effect of reinsurance

	Years Ended December 31,
	2012			2011			2010
	(In millions)
Premiums:
Direct premiums	$	38,719		$	37,185		$	27,596
Reinsurance assumed		1,488			1,484			1,377
Reinsurance ceded		(2,232	)		(2,308	)		(1,902	)
Net premiums	$	37,975		$	36,361		$	27,071
Universal life and investment-type product policy fees:
Direct universal life and investment-type product policy fees	$	9,216		$	8,455		$	6,621
Reinsurance assumed		155			154			138
Reinsurance ceded		(815	)		(803	)		(731	)
Net universal life and investment-type product policy fees	$	8,556		$	7,806		$	6,028
Policyholder benefits and claims:
Direct policyholder benefits and claims	$	39,262		$	37,588		$	31,402
Reinsurance assumed		1,167			1,101			1,275
Reinsurance ceded		(2,442	)		(3,218	)		(3,490	)
Net policyholder benefits and claims	$	37,987		$	35,471		$	29,187
Other expenses:
Direct other expenses	$	17,848		$	18,672		$	13,035
Reinsurance assumed		228			168			116
Reinsurance ceded		(321	)		(303	)		(224	)
Net other expenses	$	17,755		$	18,537		$	12,927

	December 31,
	2012									2011
	Direct		Assumed		Ceded			Total Balance Sheet		Direct		Assumed		Ceded			Total Balance Sheet
	(In millions)
Assets:
Premiums, reinsurance and other receivables	$	6,286	$	548	$	14,800		$	21,634	$	5,601	$	641	$	16,239		$	22,481
Deferred policy acquisition costs and value of business acquired		24,789		92		(120	)		24,761		24,412		340		(133	)		24,619
Total assets	$	31,075	$	640	$	14,680		$	46,395	$	30,013	$	981	$	16,106		$	47,100
Liabilities:
Future policy benefits	$	190,321	$	2,031	$	(1	)	$	192,351	$	182,304	$	1,972	$	(1	)	$	184,275
Policyholder account balances		223,229		2,594		(2	)		225,821		214,206		3,494		—			217,700
Other policy-related balances		15,142		313		8			15,463		14,880		339		380			15,599
Other liabilities		18,925		543		3,024			22,492		25,245		630		5,039			30,914
Total liabilities	$	447,617	$	5,481	$	3,029		$	456,127	$	436,635	$	6,435	$	5,418		$	448,488