XML 159 R106.htm IDEA: XBRL DOCUMENT v3.3.1.900
DEFERRED POLICY ACQUISITION COSTS (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Rollforward of deferred policy acquisition costs      
Amortization expense $ (5,236) $ (5,330) $ (5,157)
Balance, end of year 11,115 9,827 9,436
Value of business acquired      
Amortization of VOBA 64 17 23
Unamortized balance of VOBA $ 453 510 373
Percentage of unamortized balance of VOBA expected to be amortized in the next five years      
Year one (as a percent) 8.40%    
Year two (as a percent) 7.60%    
Year three (as a percent) 7.10%    
Year four (as a percent) 6.90%    
Year five (as a percent) 6.50%    
Years after five year (as a percent) 63.50%    
Divested Businesses      
Rollforward of deferred policy acquisition costs      
Increase (decrease) in deferred policy acquisition costs due to net unrealized gains and losses on available for sale securities     0
Non-life insurance companies      
Rollforward of deferred policy acquisition costs      
Balance, beginning of year before consolidation and eliminations $ 2,551 2,493 2,342
Acquisition costs deferred 4,537 4,805 4,803
Amortization expense (4,313) (4,599) (4,481)
Other (144) (148) (171)
Balance, end of year before consolidation and eliminations 2,631 2,551 2,493
Life insurance companies      
Rollforward of deferred policy acquisition costs      
Balance, beginning of year before consolidation and eliminations 7,258 6,920 5,815
Acquisition costs deferred 1,288 1,114 1,034
Amortization expense (916) (727) (674)
Change in net unrealized gains (losses) on securities 848 (360) 784
Increase (decrease) due to foreign exchange (34) (32) (39)
Other 23 343 0
Balance, end of year before consolidation and eliminations 8,467 7,258 6,920
Consolidation and Eliminations      
Rollforward of deferred policy acquisition costs      
Balance, beginning of year before consolidation and eliminations 18 23  
Balance, end of year before consolidation and eliminations $ 17 $ 18 $ 23