XML 35 R40.htm IDEA: XBRL DOCUMENT v3.2.0.727
Investments and Derivative Instruments Level 4 Derivative Balance Sheet Classification (Details) - Fair Value Hierarchy [Domain] - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Mar. 31, 2013
Derivative Balance Sheet Location [Line Items]      
Derivative Asset, Collateral, Obligation to Return Cash, Offset $ 30 $ 33  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 49,064 55,838 $ 55,838
Derivative, Fair Value, Net (446) (460)  
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement 973 1,050  
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement 1,419 1,510  
Derivative Asset, Fair Value, Gross Asset 863 959  
Derivative Liability, Fair Value, Gross Liability (1,280) (1,345)  
Offsetting Derivative Assets [Abstract]      
Derivative Asset, Fair Value, Amount Offset Against Collateral 712 801  
Derivative Accrued Interest and Collateral Assets After Offsetting (160) (181)  
Derivative Asset, Fair Value, Amount Not Offset Against Collateral 80 83  
Offsetting Derivative Liabilities [Abstract]      
Derivative Liability, Fair Value, Amount Offset Against Collateral (494) (574)  
Derivative Accrued Interest and Collateral Liabilities After Offsetting (61) (49)  
Derivative Liability, Fair Value, Amount Not Offset Against Collateral (936) (900)  
Derivative Asset, Fair Value, Amount Offset Against Collateral 71 75  
Derivative Liability, Fair Value, Amount Offset Against Collateral 150 129  
Fixed Maturities [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative Asset, Fair Value, Gross Asset 0 1  
Not Designated as Hedging Instrument [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 46,685 53,421  
Derivative, Fair Value, Net (460) (478)  
Derivative Asset, Fair Value, Gross Asset 935 1,010  
Derivative Liability, Fair Value, Gross Liability (1,395) (1,488)  
Interest Rate Contract [Member] | Other Liabilities [Member]      
Offsetting Derivative Assets [Abstract]      
Derivative Assets (Liabilities), at Fair Value, Net (371)    
Interest Rate Contract [Member] | Other Investments [Member]      
Offsetting Derivative Assets [Abstract]      
Derivative Assets (Liabilities), at Fair Value, Net 101 123  
Foreign Exchange Contract [Member] | Other Liabilities [Member]      
Offsetting Derivative Assets [Abstract]      
Derivative Assets (Liabilities), at Fair Value, Net (479)    
Foreign Exchange Contract [Member] | Other Investments [Member]      
Offsetting Derivative Assets [Abstract]      
Derivative Assets (Liabilities), at Fair Value, Net 2 (1)  
Embedded Derivative Financial Instruments [Member] | Other Liabilities [Member]      
Offsetting Derivative Assets [Abstract]      
Derivative Assets (Liabilities), at Fair Value, Net (3) (3) [1]  
Derivative Financial Instruments, Liabilities [Member]      
Offsetting Derivative Liabilities [Abstract]      
Derivative Liability, Fair Value, Amount Offset Against Collateral 280 399  
Derivative Financial Instruments, Liabilities [Member] | Other Liabilities [Member]      
Offsetting Derivative Assets [Abstract]      
Derivative Assets (Liabilities), at Fair Value, Net (725) (722) [2]  
Derivative Financial Instruments, Assets [Member] | Other Investments [Member]      
Offsetting Derivative Assets [Abstract]      
Derivative Assets (Liabilities), at Fair Value, Net 311 339 [3]  
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 921 974  
Derivative, Fair Value, Net 60 34  
Derivative Asset, Fair Value, Gross Asset 60 34  
Derivative Liability, Fair Value, Gross Liability 0 0  
Credit Default Swap, Selling Protection [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount [4] 1,398 946  
Derivative, Fair Value, Net [4] 3 7  
Derivative Asset, Fair Value, Gross Asset [4] 14 11  
Derivative Liability, Fair Value, Gross Liability [4] (11) (4)  
Equity Contract [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 120 422  
Derivative, Fair Value, Net (1) 1  
Derivative Asset, Fair Value, Gross Asset 28 30  
Derivative Liability, Fair Value, Gross Liability (29) (29)  
Commodity Option [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 378 0  
Derivative, Fair Value, Net 2 0  
Derivative Asset, Fair Value, Gross Asset 2 0  
Derivative Liability, Fair Value, Gross Liability 0 0  
Other Investments [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 13,198 13,588  
Derivative, Fair Value, Net 311 339  
Derivative Asset, Fair Value, Gross Asset 429 478  
Derivative Liability, Fair Value, Gross Liability (118) (139)  
Other Liabilities [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 14,984 19,473  
Derivative, Fair Value, Net (728) (725)  
Derivative Asset, Fair Value, Gross Asset 434 481  
Derivative Liability, Fair Value, Gross Liability (1,162) (1,206)  
Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Fair Value, Net (20)    
Cash Flow Hedging [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 2,330 2,385  
Derivative, Fair Value, Net 14 18  
Derivative Asset, Fair Value, Gross Asset 38 40  
Derivative Liability, Fair Value, Gross Liability (24) (22)  
Fair Value Hedging [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 49 32  
Derivative, Fair Value, Net 0 0  
Derivative Asset, Fair Value, Gross Asset 0 0  
Derivative Liability, Fair Value, Gross Liability 0 0  
Currency Swap [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 65 60  
Derivative, Fair Value, Net 1 0  
Derivative Asset, Fair Value, Gross Asset 1 0  
Derivative Liability, Fair Value, Gross Liability 0 0  
Credit Default Swap, Buying Protection [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 66 276  
Derivative, Fair Value, Net 1 (1)  
Derivative Asset, Fair Value, Gross Asset 2 4  
Derivative Liability, Fair Value, Gross Liability (1) (5)  
Credit Derivatives in Offsetting Positions [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 1,506 2,175  
Derivative, Fair Value, Net (1) (1)  
Derivative Asset, Fair Value, Gross Asset 18 21  
Derivative Liability, Fair Value, Gross Liability (19) (22)  
Reinsurance Recoverable [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 4,287 4,633  
Derivative, Fair Value, Net 110 90  
Derivative Asset, Fair Value, Gross Asset 110 90  
Derivative Liability, Fair Value, Gross Liability 0 0  
Other Policyholder Funds and Benefits Payable [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 16,411 17,958  
Derivative, Fair Value, Net (138) (165)  
Derivative Asset, Fair Value, Gross Asset 0 0  
Derivative Liability, Fair Value, Gross Liability (138) (165)  
Fixed Maturities [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 184 186  
Derivative, Fair Value, Net (1) 1  
Derivative Liability, Fair Value, Gross Liability (1) 0  
JAPAN | Three Win Related Foreign Currency Swaps [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 1,319 1,319  
Derivative, Fair Value, Net (458) (427)  
Derivative Asset, Fair Value, Gross Asset 0 0  
Derivative Liability, Fair Value, Gross Liability (458) (427)  
UNITED STATES | GMWB Hedging Instruments [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 11,732 14,442  
Derivative, Fair Value, Net 134 174  
Derivative Asset, Fair Value, Gross Asset 246 289  
Derivative Liability, Fair Value, Gross Liability (112) (115)  
UNITED STATES | Macro Hedge Program [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 4,591 6,383  
Derivative, Fair Value, Net 165 141  
Derivative Asset, Fair Value, Gross Asset 200 180  
Derivative Liability, Fair Value, Gross Liability (35) (39)  
UNITED STATES | Equity Contract [Member] | GMWB Hedging Instruments [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 1,719 3,761  
Derivative, Fair Value, Net 10 39  
UNITED STATES | Macro Hedge Program [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 4,591 6,383  
Derivative, Fair Value, Net 165 141  
UNITED STATES | Macro Hedge Program [Member] | Other Liabilities [Member]      
Offsetting Derivative Assets [Abstract]      
Derivative Assets (Liabilities), at Fair Value, Net 65 48  
UNITED STATES | Macro Hedge Program [Member] | Other Investments [Member]      
Offsetting Derivative Assets [Abstract]      
Derivative Assets (Liabilities), at Fair Value, Net 100 93  
UNITED STATES | GMWB Product Derivatives [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount [5] 16,361 17,908  
Derivative, Fair Value, Net [5] (112) (139)  
Derivative Asset, Fair Value, Gross Asset [5] 0 0  
Derivative Liability, Fair Value, Gross Liability [5] (112) (139)  
UNITED STATES | GMWB Reinsurance [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 3,366 3,659  
Derivative, Fair Value, Net 50 56  
Derivative Asset, Fair Value, Gross Asset 50 56  
Derivative Liability, Fair Value, Gross Liability 0 0  
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 2,187 2,242  
Derivative, Fair Value, Net 34 37  
Derivative Asset, Fair Value, Gross Asset 34 37  
Derivative Liability, Fair Value, Gross Liability 0 0  
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]      
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Footnote [Abstract]      
Derivative, Notional Amount 143 143  
Derivative, Fair Value, Net 4 (19)  
Derivative Asset, Fair Value, Gross Asset   3  
Derivative Liability, Fair Value, Gross Liability $ (24) $ (22)  
[1] Represents embedded derivatives associated with non-funding agreement-backed consumer equity-linked notes.
[2] Includes OTC and OTC-cleared derivative instruments in a net negative fair market value position (derivative liability) after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements, clearing house rules and applicable law. In the following Level 3 roll-forward table in this Note 2, the derivative assets and liabilities are referred to as “freestanding derivatives” and are presented on a net basis.
[3] Includes over-the-counter ("OTC") and OTC-cleared derivative instruments in a net positive fair value position after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements, clearing house rules and applicable law. As of June 30, 2015 and December 31, 2014, $280 and $399, respectively, of cash collateral liability was netted against the derivative asset value in the Condensed Consolidated Balance Sheet and is excluded from the preceding table. See the following footnote 4 for derivative liabilities.
[4] The derivative instruments related to this strategy are held for other investment purposes.
[5] These derivatives are embedded within liabilities and are not held for risk management purposes.