XML 60 R45.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements (Details 5) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Dec. 31, 2012
Reinsurance Recoverable [Member] | Guaranteed Withdrawal Benefits [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Fair Value, Measurement with Unobservable Inputs Reconcilliation, Recurring Basis, Asset, Transfers to Assets Held for Sale $ 0      
Roll Forward of Financial Instruments (Assets) Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)        
Fair value, Beginning Balance (465,000,000) [1] 1,081,000,000 [1]    
Total realized/unrealized gains (losses) included in net income (107,000,000) [1],[2],[3] (573,000,000) [1],[2],[3]    
Total realized/unrealized gains (losses) included in OCI 0 [1],[4]      
Purchases 0 [1] 0 [1]    
Settlements 63,000,000 [1] 84,000,000 [1]    
Sales 0 [1] 0 [1]    
Transfers into Level 3 0 [1],[5] 0 [1],[5]    
Transfers out of Level 3 0 [1],[5] 0 [1],[5]    
Fair value, Ending Balance (509,000,000) [1] 592,000,000 [1]    
Changes in unrealized gains (losses) included in net income related to financial instruments still held at March 31, 2011 (107,000,000) [1],[3],[6] (573,000,000) [1],[3],[6]    
Limited Partnerships and Other Alternative Investments [Member] | Guaranteed Withdrawal Benefits [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Fair Value, Measurement with Unobservable Inputs Reconcilliation, Recurring Basis, Asset, Transfers to Assets Held for Sale 0      
Roll Forward of Financial Instruments (Assets) Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)        
Fair value, Beginning Balance 54,000,000      
Total realized/unrealized gains (losses) included in net income 4,000,000      
Total realized/unrealized gains (losses) included in OCI 0      
Purchases 16,000,000      
Settlements 12,000,000      
Sales 0      
Transfers into Level 3 0      
Transfers out of Level 3 5,000,000      
Fair value, Ending Balance 57,000,000      
Changes in unrealized gains (losses) included in net income related to financial instruments still held at March 31, 2011 4,000,000      
Separate Accounts [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Fair Value, Measurement with Unobservable Inputs Reconcilliation, Recurring Basis, Asset, Transfers to Assets Held for Sale 0      
Roll Forward of Financial Instruments (Assets) Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)        
Fair value, Beginning Balance 737,000,000 583,000,000    
Total realized/unrealized gains (losses) included in net income 5,000,000 [1],[2],[3] 15,000,000 [2],[3]    
Total realized/unrealized gains (losses) included in OCI 0 [4]      
Purchases 130,000,000 255,000,000    
Settlements (1,000,000) 0    
Sales (86,000,000) (26,000,000)    
Transfers into Level 3 3,000,000 [5] 0 [5]    
Transfers out of Level 3 (26,000,000) [5] (4,000,000) [5]    
Fair value, Ending Balance 762,000,000 823,000,000    
Changes in unrealized gains (losses) included in net income related to financial instruments still held at March 31, 2011 5,000,000 [3],[6] 8,000,000 [3],[6]    
Other Policyholder Funds and Benefits Payable [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value (555,000,000) (2,214,000,000) [2] (594,000,000) (3,127,000,000) [2]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfer to from Liabilities Held for Sale 0      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings 73,000,000 [1],[2],[3] 935,000,000 [1],[2],[3]    
Roll Forward of Financial Instruments (Assets) Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)        
Total realized/unrealized gains (losses) included in OCI    [4]      
Settlements (34,000,000) (22,000,000) [2]    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease) 73,000,000 [3],[6] 935,000,000 [2],[3],[6]    
Other Policyholder Funds and Benefits Payable [Member] | Guaranteed Withdrawal Benefits [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value (536,000,000) [6] (2,204,000,000) [2],[6] (576,000,000) [6] (3,119,000,000) [2],[6]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings 74,000,000 [1],[2],[3],[6] 937,000,000 [1],[2],[3],[6]    
Roll Forward of Financial Instruments (Assets) Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)        
Total realized/unrealized gains (losses) included in OCI 0 [4],[6]      
Settlements (34,000,000) [6] (22,000,000) [2],[6]    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease) 74,000,000 [3],[6] 937,000,000 [2],[3],[6]    
Consumer Notes [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value (2,000,000) (2,000,000) [2] (2,000,000) (2,000,000) [2]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfer to from Liabilities Held for Sale 0      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings 0 [1],[2],[3] 0 [1],[2],[3]    
Roll Forward of Financial Instruments (Assets) Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)        
Total realized/unrealized gains (losses) included in OCI    [4]      
Settlements 0 0 [2]    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease) 0 [3],[6] 0 [3],[6]    
Equity Linked Notes [Member] | Other Policyholder Funds and Benefits Payable [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value (19,000,000) (10,000,000) [2] (18,000,000) (8,000,000) [2]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfer to from Liabilities Held for Sale 0      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings (1,000,000) [1],[2],[3] (2,000,000) [1],[2],[3]    
Roll Forward of Financial Instruments (Assets) Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)        
Total realized/unrealized gains (losses) included in OCI    [4]      
Settlements 0 0 [2]    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease) $ (1,000,000) [3],[6] $ (2,000,000) [2],[3],[6]    
[1] [6]Includes fair value of reinsurance recoverables of approximately $539 and $435 as of March 31, 2014 and 2013, respectively, related to a transaction entered into with an affiliated captive reinsurer. See Note 11 - Transactions with Affiliates of Notes to Condensed Consolidated Financial Statements for more information.
[2] [1]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.
[3] [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.
[4] [3]All amounts are before income taxes and amortization of DAC.
[5] [4]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] [7]Includes both market and non-market impacts in deriving realized and unrealized gains (losses).