XML 50 R44.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements (Details 5) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Mar. 31, 2012
Mar. 31, 2011
Reinsurance Recoverable [Member] | Guaranteed Withdrawal Benefits [Member]
           
Roll Forward of Financial Instruments (Assets) Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)            
Fair value, Beginning Balance     $ 3,073 [1] $ 2,002 [1] $ 2,662 [1] $ 1,668 [1]
Total realized/unrealized gains (losses) included in net income (916) [1],[2],[3] 1,107 [1],[2],[3] (1,429) [1],[2],[3] 550 [1],[2],[3]    
Total realized/unrealized gains (losses) included in OCI 67 [1],[4] 105 [1],[4] (23) [1],[4] 105 [1],[4]    
Purchases 0 [1] 0 [1] 0 [1] 0 [1]    
Settlements 98 [1] 116 [1] 290 [1] 339 [1]    
Sales 0 [1] 0 [1] 0 [1] 0 [1]    
Transfers into Level 3 0 [1],[5] 0 [1],[5] 0 [1],[5] 0 [1],[5]    
Transfers out of Level 3 0 [1],[5] 0 [1],[5] 0 [1],[5] 0 [1],[5]    
Fair value, Ending Balance 1,911 [1] 2,996 [1] 1,911 [1] 2,996 [1] 2,662 [1] 1,668 [1]
Changes in unrealized gains (losses) included in net income related to financial instruments still held at March 31, 2011 (916) [1],[2],[6] 1,107 [1],[2],[6] (1,429) [1],[2],[6] 550 [1],[2],[6]    
Separate Accounts [Member]
           
Roll Forward of Financial Instruments (Assets) Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)            
Fair value, Beginning Balance     1,031 1,247 1,335 1,068
Total realized/unrealized gains (losses) included in net income (2) [1],[2],[3] 11 [1],[2],[3] 31 [1],[2],[3] 35 [1],[2],[3]    
Total realized/unrealized gains (losses) included in OCI 0 [4] 0 [4] 0 [4] 0 [4]    
Purchases 97 131 336 165    
Settlements 0 0 (1) 0    
Sales (41) (11) (442) (180)    
Transfers into Level 3 (3) [5] 1 [5] 451 [5] 13 [5]    
Transfers out of Level 3 (7) [5] (16) [5] (27) [5] (96) [5]    
Fair value, Ending Balance 1,379 1,184 1,379 1,184 1,335 1,068
Changes in unrealized gains (losses) included in net income related to financial instruments still held at March 31, 2011 $ 8 [2],[6] $ 8 [2],[6] $ 18 [2],[6] $ 9 [2],[6]    
[1] Includes fair value of reinsurance recoverables of approximately $1.7 billion and $2.5 billion as of September 30, 2012 and 2011, respectively, related to a transaction entered into with an affiliated captive reinsurer. See Note 10 of the Notes to Condensed Consolidated Financial Statements for more information.
[2] All amounts in these rows are reported in net realized capital gains (losses). The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization of DAC.
[3] The Company classifies gains and losses on GMWB reinsurance derivatives and Guaranteed Living Benefit embedded derivatives as unrealized gains (losses) for purposes of disclosure in this table because it is impracticable to track on a contract-by-contract basis the realized gains (losses) for these derivatives and embedded derivatives.
[4] All amounts are before income taxes and amortization of DAC.
[5] Transfers in and/or (out) of Level 3 are primarily attributable to the availability of market observable information and the re-evaluation of the observability of pricing inputs.
[6] Includes both market and non-market impacts in deriving realized and unrealized gains (losses).