Reinsurance Level 3 (Tables)

12 Months Ended

Dec. 31, 2016

Reinsurance Disclosures [Abstract]

Schedule of Derivative Instruments [Table Text Block]

	Notional Amount				Fair Value
	December 31, 2016		December 31, 2015		December 31, 2016			December 31, 2015
Customized swaps	$	5,191	$	5,877	$	100		$	131
Equity swaps, options, and futures	1,362		1,362		(27		)	2
Interest rate swaps and futures	3,703		3,740		21			25
Total	$	10,256	$	10,979	$	94		$	158

Macro Hedge Program

The Company utilizes equity swaps, options, futures, and forwards to provide partial protection against the statutory tail scenario risk arising from GMWB and the GMDB liabilities on the Company's statutory surplus. These derivatives cover some of the residual risks not otherwise covered by the dynamic hedging program.

Reinsurance Recoverable [Table Text Block]

	As of December 31,
Reinsurance Recoverables	2016		2015
Reserve for future policy benefits and other policyholder funds and benefits payable
Sold businesses (MassMutual and Prudential)	$	19,363	$	18,993
Other reinsurers	1,362		1,506
Gross reinsurance recoverables	$	20,725	$	20,499

Life Insurance Fees Earned Premiums and Other [Table Text Block]

	Year Ended December 31,
	2016			2015			2014
Gross earned premiums, fee income and other	$	2,659		$	2,877		$	3,228
Reinsurance assumed	129			113			74
Reinsurance ceded	(1,616		)	(1,801		)	(2,060		)
Net earned premiums, fee income and other	$	1,172		$	1,189		$	1,242

The cost of reinsurance related to long-duration contracts is accounted for over the life of the underlying reinsured policies using assumptions consistent with those used to account for the underlying policies. Insurance recoveries on ceded reinsurance agreements, which reduce death and other benefits, were $1,131, $1,094, and $845 for the years ended December 31, 2016, 2015, and 2014, respectively. In addition, the Company has reinsured a portion of the risk associated with U.S. variable annuities and the associated GMDB and GMWB riders.

The Company also maintains a reinsurance agreement with HLA, whereby the Company cedes both group life and group accident and health risk. Under this treaty, the Company ceded group life premium of $40, $64, and $85 for the years ended December 31, 2016, 2015, and 2014, respectively. The Company ceded accident and health premiums to HLA of $86, $129, and $365 for the years ended December 31, 2016, 2015, and 2014, respectively.