XML 48 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value of Assets and Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Assets      
Fixed income securities $ 23,696 $ 24,222  
Equity securities 1,589 1,511  
Short-term investments 760 566  
Other investments: Free-standing derivatives 1   $ 1
Separate account assets 3,417 3,373  
Derivative asset, fair value, gross liability and obligation to return cash, offset $ (7) $ (6)  
% of total assets at fair value 0.00% 0.00%  
Liabilities      
Other liabilities: Free-standing derivatives $ (2)   $ (9)
Free standing derivative liabilities derivative liability, fair value, gross asset and right to reclaim cash, offset $ 3 $ 2  
% of total liabilities at fair value (0.90%) (0.60%)  
Other investments $ 1    
U.S. government and agencies      
Assets      
Fixed income securities 634 $ 1,014  
Municipal      
Assets      
Fixed income securities 2,266 2,274  
Foreign government      
Assets      
Fixed income securities 327 332  
RMBS      
Assets      
Fixed income securities 301 333  
CMBS      
Assets      
Fixed income securities 179 241  
Redeemable preferred stock      
Assets      
Fixed income securities 15 16  
Quoted prices in active markets for identical assets (Level 1)      
Assets      
Total assets at fair value $ 5,343 $ 5,590  
% of total assets at fair value 18.10% 18.70%  
Liabilities      
Total liabilities at fair value $ 0 $ 0  
% of total liabilities at fair value 0.00% 0.00%  
Significant other observable inputs (Level 2)      
Assets      
Total assets at fair value $ 23,704 $ 23,668  
% of total assets at fair value 80.10% 79.50%  
Liabilities      
Total liabilities at fair value $ (46) $ (39)  
% of total liabilities at fair value 13.90% 11.90%  
Significant unobservable inputs (Level 3)      
Assets      
Total assets at fair value $ 532 $ 526  
% of total assets at fair value 1.80% 1.80%  
Liabilities      
Total liabilities at fair value $ (287) $ (292)  
% of total liabilities at fair value 87.00% 88.70%  
Recurring basis      
Assets      
Other investments: Free-standing derivatives, gross liability and obligation to return cash, offset $ (7) $ (6)  
Derivative asset, fair value, gross liability and obligation to return cash, offset (7) (6)  
Liabilities      
Free standing derivative liabilities derivative liability, fair value, gross asset and right to reclaim cash, offset 3 2  
Recurring basis | Quoted prices in active markets for identical assets (Level 1)      
Assets      
Fixed income securities 259 619  
Equity securities 1,505 1,432  
Short-term investments 162 166  
Other investments: Free-standing derivatives 0 0  
Separate account assets 3,417 3,373  
Other assets   0  
Total assets at fair value 5,343 5,590  
Liabilities      
Other liabilities: Free-standing derivatives 0 0  
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | U.S. government and agencies      
Assets      
Fixed income securities 259 619  
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Municipal      
Assets      
Fixed income securities 0 0  
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Corporate - public      
Assets      
Fixed income securities 0 0  
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Corporate - privately placed      
Assets      
Fixed income securities 0 0  
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Foreign government      
Assets      
Fixed income securities 0 0  
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | ABS - CDO      
Assets      
Fixed income securities 0 0  
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | ABS - consumer and other      
Assets      
Fixed income securities 0 0  
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | RMBS      
Assets      
Fixed income securities 0 0  
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | CMBS      
Assets      
Fixed income securities 0 0  
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Redeemable preferred stock      
Assets      
Fixed income securities 0 0  
Recurring basis | Significant other observable inputs (Level 2)      
Assets      
Fixed income securities 22,994 23,164  
Equity securities 4 3  
Short-term investments 598 400  
Other investments: Free-standing derivatives 108 101  
Separate account assets 0 0  
Other assets   0  
Total assets at fair value 23,704 23,668  
Liabilities      
Other liabilities: Free-standing derivatives (46) (39)  
Recurring basis | Significant other observable inputs (Level 2) | U.S. government and agencies      
Assets      
Fixed income securities 375 395  
Recurring basis | Significant other observable inputs (Level 2) | Municipal      
Assets      
Fixed income securities 2,206 2,215  
Recurring basis | Significant other observable inputs (Level 2) | Corporate - public      
Assets      
Fixed income securities 13,457 13,475  
Recurring basis | Significant other observable inputs (Level 2) | Corporate - privately placed      
Assets      
Fixed income securities 5,811 5,895  
Recurring basis | Significant other observable inputs (Level 2) | Foreign government      
Assets      
Fixed income securities 327 332  
Recurring basis | Significant other observable inputs (Level 2) | ABS - CDO      
Assets      
Fixed income securities 77 102  
Recurring basis | Significant other observable inputs (Level 2) | ABS - consumer and other      
Assets      
Fixed income securities 246 160  
Recurring basis | Significant other observable inputs (Level 2) | RMBS      
Assets      
Fixed income securities 301 333  
Recurring basis | Significant other observable inputs (Level 2) | CMBS      
Assets      
Fixed income securities 179 241  
Recurring basis | Significant other observable inputs (Level 2) | Redeemable preferred stock      
Assets      
Fixed income securities 15 16  
Recurring basis | Significant unobservable inputs (Level 3)      
Assets      
Fixed income securities 443 439  
Equity securities 80 76  
Short-term investments 0 0  
Other investments: Free-standing derivatives 1 1  
Separate account assets 0 0  
Other assets   1  
Total assets at fair value 524 517  
Liabilities      
Other liabilities: Free-standing derivatives (2) (3)  
Recurring basis | Significant unobservable inputs (Level 3) | U.S. government and agencies      
Assets      
Fixed income securities 0 0  
Recurring basis | Significant unobservable inputs (Level 3) | Municipal      
Assets      
Fixed income securities 60 59  
Recurring basis | Significant unobservable inputs (Level 3) | Corporate - public      
Assets      
Fixed income securities 36 47  
Recurring basis | Significant unobservable inputs (Level 3) | Corporate - privately placed      
Assets      
Fixed income securities 268 264  
Recurring basis | Significant unobservable inputs (Level 3) | Foreign government      
Assets      
Fixed income securities 0 0  
Recurring basis | Significant unobservable inputs (Level 3) | ABS - CDO      
Assets      
Fixed income securities 32 27  
Recurring basis | Significant unobservable inputs (Level 3) | ABS - consumer and other      
Assets      
Fixed income securities 47 42  
Recurring basis | Significant unobservable inputs (Level 3) | RMBS      
Assets      
Fixed income securities 0 0  
Recurring basis | Significant unobservable inputs (Level 3) | CMBS      
Assets      
Fixed income securities 0 0  
Recurring basis | Significant unobservable inputs (Level 3) | Redeemable preferred stock      
Assets      
Fixed income securities 0 0  
Non-recurring basis | Quoted prices in active markets for identical assets (Level 1)      
Assets      
Total assets at fair value 0 0  
Non-recurring basis | Significant other observable inputs (Level 2)      
Assets      
Total assets at fair value 0 0  
Non-recurring basis | Significant unobservable inputs (Level 3)      
Assets      
Total assets at fair value 8 9  
Contractholder funds: Derivatives embedded in life and annuity contracts | Recurring basis | Quoted prices in active markets for identical assets (Level 1)      
Liabilities      
Contractholder funds: Derivatives embedded in life and annuity contracts 0 0  
Contractholder funds: Derivatives embedded in life and annuity contracts | Recurring basis | Significant other observable inputs (Level 2)      
Liabilities      
Contractholder funds: Derivatives embedded in life and annuity contracts 0 0  
Contractholder funds: Derivatives embedded in life and annuity contracts | Recurring basis | Significant unobservable inputs (Level 3)      
Liabilities      
Contractholder funds: Derivatives embedded in life and annuity contracts (285) (289)  
Fair value      
Assets      
Total assets at fair value $ 29,572 $ 29,778  
% of total assets at fair value 100.00% 100.00%  
Liabilities      
Total liabilities at fair value $ (330) $ (329)  
% of total liabilities at fair value 100.00% 100.00%  
Limited partnership interests $ 7 $ 9  
Fair value | Recurring basis      
Assets      
Fixed income securities 23,696 24,222  
Equity securities 1,589 1,511  
Short-term investments 760 566  
Other investments: Free-standing derivatives 102 96  
Separate account assets 3,417 3,373  
Other assets   1  
Total assets at fair value 29,564 29,769  
Liabilities      
Other liabilities: Free-standing derivatives (45) (40)  
Fair value | Recurring basis | U.S. government and agencies      
Assets      
Fixed income securities 634 1,014  
Fair value | Recurring basis | Municipal      
Assets      
Fixed income securities 2,266 2,274  
Fair value | Recurring basis | Corporate - public      
Assets      
Fixed income securities 13,493 13,522  
Fair value | Recurring basis | Corporate - privately placed      
Assets      
Fixed income securities 6,079 6,159  
Fair value | Recurring basis | Foreign government      
Assets      
Fixed income securities 327 332  
Fair value | Recurring basis | ABS - CDO      
Assets      
Fixed income securities 109 129  
Fair value | Recurring basis | ABS - consumer and other      
Assets      
Fixed income securities 293 202  
Fair value | Recurring basis | RMBS      
Assets      
Fixed income securities 301 333  
Fair value | Recurring basis | CMBS      
Assets      
Fixed income securities 179 241  
Fair value | Recurring basis | Redeemable preferred stock      
Assets      
Fixed income securities 15 16  
Fair value | Non-recurring basis      
Assets      
Total assets at fair value 8 9  
Fair value | Contractholder funds: Derivatives embedded in life and annuity contracts | Recurring basis      
Liabilities      
Contractholder funds: Derivatives embedded in life and annuity contracts $ (285) $ (289)