CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues
Premiums (net of reinsurance ceded of $158, $167 and $216)	$ 592	$ 600	$ 589
Contract charges (net of reinsurance ceded of $189, $189 and $176)	717	738	847
Net investment income	1,659	1,819	2,081
Realized capital gains and losses:
Total other-than-temporary impairment (“OTTI”) losses	(120)	(144)	(54)
OTTI losses reclassified to (from) other comprehensive income	7	16	(1)
Net OTTI losses recognized in earnings	(113)	(128)	(55)
Sales and other realized capital gains and losses	36	393	198
Total realized capital gains and losses	(77)	265	143
Total revenues	2,891	3,422	3,660
Costs and expenses
Contract benefits (net of reinsurance ceded of $224, $237 and $329)	1,387	1,406	1,452
Interest credited to contractholder funds (net of reinsurance ceded of $46, $40 and $27)	677	717	891
Amortization of deferred policy acquisition costs	134	151	162
Operating costs and expenses	219	273	310
Restructuring and related charges	1	0	2
Interest expense	15	16	16
Total costs and expenses	2,433	2,563	2,833
Gain (loss) on disposition of operations	5	3	(68)
Income from operations before income tax expense	463	862	759
Income tax expense	144	301	233
Net income	319	561	526
Other comprehensive income (loss), after-tax
Change in unrealized net capital gains and losses	153	(854)	455
Change in unrealized foreign currency translation adjustments	4	(4)	(4)
Other comprehensive income (loss), after-tax	157	(858)	451
Comprehensive income (loss)	$ 476	$ (297)	$ 977