XML 125 R72.htm IDEA: XBRL DOCUMENT v3.3.1.900
FAIR VALUE MEASUREMENTS (Details - Assets and Liabilities Measured at Fair Value on a Recurring Basis) - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale $ 248,245 $ 259,859
Other bond securities 16,782 19,712
Equity securities available for sale 2,915 4,395
Other equity securities 921 1,049
Other invested assets 8,912 9,394
Derivative Assets, Fair Value 4,131 4,825
Derivative assets, Counterparty netting (1,268) (2,102)
Derivative assets, Cash collateral (1,554) (1,119)
Short-term investments, portion measured at fair value 2,591 1,684
Separate account assets, at fair value 79,574 80,036
Fair Value, Liabilities Measured on Recurring Basis    
Policyholder contract deposits, portion measured at fair value 2,325 1,561
Other policyholder funds 4,212 4,669
Derivative Liabilities, Fair Value 4,048 5,804
Derivative liabilities, Counterparty netting (1,268) (2,102)
Derivative liabilities, Cash collateral (760) (1,429)
Long-term debt, portion measured at fair value 3,670 5,466
Other liabilities 62 350
Recurring Basis | U.S. government and government sponsored entities    
Fair Value, Liabilities Measured on Recurring Basis    
Assets transferred from Level 1 to Level 2 181 107
Recurring Basis | Non-U.S. government    
Fair Value, Liabilities Measured on Recurring Basis    
Assets transferred from Level 1 to Level 2 695 590
Recurring Basis | Level 1    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 683 1,064
Other bond securities 0 130
Equity securities available for sale 2,914 4,389
Other equity securities 906 1,024
Mortgage and other loans receivable   0
Other invested assets 2 2
Derivative Assets, Fair Value 91 100
Short-term investments, portion measured at fair value 1,416 584
Separate account assets, at fair value 73,699 73,939
Fair value assets measured on recurring basis, total 79,711 81,232
Fair Value, Liabilities Measured on Recurring Basis    
Other policyholder funds 6  
Other liabilities 0 34
Fair value liabilities measured on recurring basis, total 6 34
Recurring Basis | Level 1 | Interest rate contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 0 2
Recurring Basis | Level 1 | Equity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 91 98
Recurring Basis | Level 1 | U.S. government and government sponsored entities    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale   322
Other bond securities 0 130
Recurring Basis | Level 1 | Obligations of states, municipalities and political subdivisions    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale   0
Other bond securities 0 0
Recurring Basis | Level 1 | Non-U.S. government    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 683 742
Other bond securities 0 0
Recurring Basis | Level 1 | Corporate debt    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale   0
Other bond securities 0 0
Recurring Basis | Level 1 | Residential mortgage-backed securities (RMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale   0
Other bond securities 0 0
Recurring Basis | Level 1 | Commercial mortgage-backed securities (CMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale   0
Other bond securities 0 0
Recurring Basis | Level 1 | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale   0
Other bond securities 0 0
Recurring Basis | Level 1 | Common Stock    
Fair Value, Assets Measured on Recurring Basis    
Equity securities available for sale 2,401 3,626
Recurring Basis | Level 1 | Preferred Stock    
Fair Value, Assets Measured on Recurring Basis    
Equity securities available for sale 22 25
Recurring Basis | Level 1 | Mutual Funds    
Fair Value, Assets Measured on Recurring Basis    
Equity securities available for sale 491 738
Recurring Basis | Level 2    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 218,745 229,112
Other bond securities 7,936 10,659
Equity securities available for sale 1 5
Other equity securities 1 25
Mortgage and other loans receivable   0
Other invested assets 4,256 3,742
Derivative Assets, Fair Value 3,950 4,626
Short-term investments, portion measured at fair value 1,175 1,100
Separate account assets, at fair value 5,875 6,097
Other assets   0
Fair value assets measured on recurring basis, total 241,939 255,366
Fair Value, Liabilities Measured on Recurring Basis    
Policyholder contract deposits, portion measured at fair value 36 52
Other policyholder funds   8
Derivative Liabilities, Fair Value 3,402 4,633
Long-term debt, portion measured at fair value 3,487 5,253
Other liabilities 62 316
Fair value liabilities measured on recurring basis, total 6,987 10,262
Recurring Basis | Level 2 | Interest rate contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 3,150 3,729
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 2,137 3,047
Recurring Basis | Level 2 | Foreign exchange contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 766 839
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 1,197 1,482
Recurring Basis | Level 2 | Equity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 32 58
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 68 98
Recurring Basis | Level 2 | Commodity contracts    
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 0 6
Recurring Basis | Level 2 | Other contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value   0
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value   0
Recurring Basis | Level 2 | U.S. government and government sponsored entities    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 1,844 2,670
Other bond securities 3,369 5,368
Recurring Basis | Level 2 | Obligations of states, municipalities and political subdivisions    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 25,199 25,500
Other bond securities 75 122
Recurring Basis | Level 2 | Non-U.S. government    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 17,480 20,323
Other bond securities 50 2
Recurring Basis | Level 2 | Corporate debt    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 134,618 142,550
Other bond securities 2,018 719
Recurring Basis | Level 2 | Residential mortgage-backed securities (RMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 19,690 20,715
Other bond securities 649 989
Recurring Basis | Level 2 | Commercial mortgage-backed securities (CMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 10,986 10,189
Other bond securities 557 708
Recurring Basis | Level 2 | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 8,928 7,165
Other bond securities 1,218 2,751
Recurring Basis | Level 2 | Common Stock    
Fair Value, Assets Measured on Recurring Basis    
Equity securities available for sale 0 2
Recurring Basis | Level 2 | Preferred Stock    
Fair Value, Assets Measured on Recurring Basis    
Equity securities available for sale 0 0
Recurring Basis | Level 2 | Mutual Funds    
Fair Value, Assets Measured on Recurring Basis    
Equity securities available for sale 1 3
Recurring Basis | Level 3    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 28,817 29,683
Other bond securities 8,846 8,923
Equity securities available for sale 0 1
Other equity securities 14  
Mortgage and other loans receivable 11 6
Other invested assets 4,654 5,650
Derivative Assets, Fair Value 90 99
Fair value assets measured on recurring basis, total 42,432 44,362
Fair Value, Liabilities Measured on Recurring Basis    
Policyholder contract deposits, portion measured at fair value 2,289 1,509
Derivative Liabilities, Fair Value 646 1,171
Long-term debt, portion measured at fair value 183 213
Fair value liabilities measured on recurring basis, total 3,118 2,893
Recurring Basis | Level 3 | Interest rate contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 12 12
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 62 86
Recurring Basis | Level 3 | Foreign exchange contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 0 1
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 7 9
Recurring Basis | Level 3 | Equity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 54 51
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 0 4
Recurring Basis | Level 3 | Commodity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value   0
Recurring Basis | Level 3 | Credit contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 3 4
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 508 982
Recurring Basis | Level 3 | Other contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 21 31
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 69 90
Recurring Basis | Level 3 | U.S. government and government sponsored entities    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 0 0
Other bond securities 0 0
Recurring Basis | Level 3 | Obligations of states, municipalities and political subdivisions    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 2,124 2,159
Other bond securities 0 0
Recurring Basis | Level 3 | Non-U.S. government    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 32 30
Other bond securities 0 0
Recurring Basis | Level 3 | Corporate debt    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 1,370 1,883
Other bond securities 17 0
Recurring Basis | Level 3 | Residential mortgage-backed securities (RMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 16,537 16,805
Other bond securities 1,581 1,105
Recurring Basis | Level 3 | Commercial mortgage-backed securities (CMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 2,585 2,696
Other bond securities 193 369
Recurring Basis | Level 3 | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 6,169 6,110
Other bond securities 7,055 7,449
Recurring Basis | Level 3 | Common Stock    
Fair Value, Assets Measured on Recurring Basis    
Equity securities available for sale   1
Recurring Basis | Level 3 | Preferred Stock    
Fair Value, Assets Measured on Recurring Basis    
Equity securities available for sale   0
Recurring Basis | Level 3 | Mutual Funds    
Fair Value, Assets Measured on Recurring Basis    
Equity securities available for sale   0
Recurring Basis | Counterparty Netting    
Fair Value, Assets Measured on Recurring Basis    
Derivative assets, Counterparty netting (1,268) (2,102)
Fair Value, Liabilities Measured on Recurring Basis    
Derivative liabilities, Counterparty netting (1,268) (2,102)
Recurring Basis | Counterparty Netting | Counterparty netting and cash collateral    
Fair Value, Assets Measured on Recurring Basis    
Derivative assets, Counterparty netting (1,268) (2,102)
Fair Value, Liabilities Measured on Recurring Basis    
Derivative liabilities, Counterparty netting (1,268) (2,102)
Recurring Basis | Cash Collateral    
Fair Value, Assets Measured on Recurring Basis    
Derivative assets, Cash collateral (1,554) (1,119)
Fair Value, Liabilities Measured on Recurring Basis    
Derivative liabilities, Cash collateral (760) (1,429)
Recurring Basis | Cash Collateral | Counterparty netting and cash collateral    
Fair Value, Assets Measured on Recurring Basis    
Derivative assets, Cash collateral (1,554) (1,119)
Fair Value, Liabilities Measured on Recurring Basis    
Derivative liabilities, Cash collateral (760) (1,429)
Recurring Basis | Total Fair Value    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 248,245 259,859
Other bond securities 16,782 19,712
Equity securities available for sale 2,915 4,395
Other equity securities 921 1,049
Mortgage and other loans receivable 11 6
Other invested assets 8,912 9,394
Derivative Assets, Fair Value 1,309 1,604
Short-term investments, portion measured at fair value 2,591 1,684
Separate account assets, at fair value 79,574 80,036
Other assets   0
Fair value assets measured on recurring basis, total 361,260 377,739
Fair Value, Liabilities Measured on Recurring Basis    
Policyholder contract deposits, portion measured at fair value 2,325 1,561
Other policyholder funds 6 8
Derivative Liabilities, Fair Value 2,020 2,273
Long-term debt, portion measured at fair value 3,670 5,466
Other liabilities 62 350
Fair value liabilities measured on recurring basis, total 8,083 9,658
Recurring Basis | Total Fair Value | Interest rate contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 3,162 3,743
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 2,199 3,133
Recurring Basis | Total Fair Value | Foreign exchange contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 766 840
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 1,204 1,491
Recurring Basis | Total Fair Value | Equity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 177 207
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 68 102
Recurring Basis | Total Fair Value | Commodity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value   0
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 0 6
Recurring Basis | Total Fair Value | Credit contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 3 4
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 508 982
Recurring Basis | Total Fair Value | Other contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value 23 31
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value 69 90
Recurring Basis | Total Fair Value | Counterparty netting and cash collateral    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value (2,822) (3,221)
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value (2,028) (3,531)
Recurring Basis | Total Fair Value | U.S. government and government sponsored entities    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 1,844 2,992
Other bond securities 3,369 5,498
Recurring Basis | Total Fair Value | Obligations of states, municipalities and political subdivisions    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 27,323 27,659
Other bond securities 75 122
Recurring Basis | Total Fair Value | Non-U.S. government    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 18,195 21,095
Other bond securities 50 2
Recurring Basis | Total Fair Value | Corporate debt    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 135,988 144,433
Other bond securities 2,035 719
Recurring Basis | Total Fair Value | Residential mortgage-backed securities (RMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 36,227 37,520
Other bond securities 2,230 2,094
Recurring Basis | Total Fair Value | Commercial mortgage-backed securities (CMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 13,571 12,885
Other bond securities 750 1,077
Recurring Basis | Total Fair Value | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 15,097 13,275
Other bond securities 8,273 10,200
Recurring Basis | Total Fair Value | Common Stock    
Fair Value, Assets Measured on Recurring Basis    
Equity securities available for sale 2,401 3,629
Recurring Basis | Total Fair Value | Preferred Stock    
Fair Value, Assets Measured on Recurring Basis    
Equity securities available for sale 22 25
Recurring Basis | Total Fair Value | Mutual Funds    
Fair Value, Assets Measured on Recurring Basis    
Equity securities available for sale $ 492 $ 741