CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Premiums (net of reinsurance ceded of $167, $216 and $367)	$ 600	$ 589	$ 613
Contract charges (net of reinsurance ceded of $189, $176 and $251)	738	847	1,054
Net investment income	1,819	2,081	2,485
Realized capital gains and losses:
Total other-than-temporary impairment (“OTTI”) losses	(144)	(54)	(49)
OTTI losses reclassified to (from) other comprehensive income	16	(1)	(3)
Net OTTI losses recognized in earnings	(128)	(55)	(52)
Sales and other realized capital gains and losses	393	198	128
Total realized capital gains and losses	265	143	76
Total revenues	3,422	3,660	4,228
Costs and expenses
Contract benefits (net of reinsurance ceded of $237, $329 and $331)	1,406	1,452	1,606
Interest credited to contractholder funds (net of reinsurance ceded of $40, $27 and $27)	717	891	1,251
Amortization of deferred policy acquisition costs	151	162	240
Operating costs and expenses	273	310	434
Restructuring and related charges	0	2	6
Interest expense	16	16	23
Total costs and expenses	2,563	2,833	3,560
Gain (loss) on disposition of operations	3	(68)	(687)
Income (loss) from operations before income tax expense	862	759	(19)
Income tax expense	301	233	19
Net income (loss)	561	526	(38)
Other comprehensive (loss) income, after-tax
Change in unrealized net capital gains and losses	(854)	455	(707)
Change in unrealized foreign currency translation adjustments	(4)	(4)	2
Other comprehensive (loss) income, after-tax	(858)	451	(705)
Comprehensive (loss) income	$ (297)	$ 977	$ (743)