Investments (Tables)

12 Months Ended

Dec. 31, 2015

Investments [Abstract]

Reconciliation Of Available-For-Sale Securities From Cost Basis To Fair Value

	As of December 31, 2015
	Amortized		Gross Unrealized							Fair
	Cost		Gains		Losses		OTTI (1)			Value
Fixed maturity securities:
Corporate bonds	$	70,993	$	3,924	$	1,984	$	2		$	72,931
ABS		1,064		41		17		(13	)		1,101
U.S. government bonds		386		45		2		-			429
Foreign government bonds		464		61		1		-			524
RMBS		3,566		186		36		(12	)		3,728
CMBS		364		10		2		(4	)		376
CLOs		588		1		3		(3	)		589
State and municipal bonds		3,806		686		12		-			4,480
Hybrid and redeemable preferred securities		762		88		44		-			806
VIEs’ fixed maturity securities		596		2		-		-			598
Total fixed maturity securities		82,589		5,044		2,101		(30	)		85,562
Equity securities		226		17		6		-			237
Total AFS securities	$	82,815	$	5,061	$	2,107	$	(30	)	$	85,799

	As of December 31, 2014
	Amortized		Gross Unrealized							Fair
	Cost		Gains		Losses		OTTI (1)			Value
Fixed maturity securities:
Corporate bonds	$	67,153	$	6,711	$	443	$	5		$	73,416
ABS		1,087		56		20		(7	)		1,130
U.S. government bonds		379		56		-		-			435
Foreign government bonds		473		68		-		-			541
RMBS		3,979		242		14		(19	)		4,226
CMBS		554		23		1		6			570
CLOs		375		-		2		(2	)		375
State and municipal bonds		3,723		874		4		-			4,593
Hybrid and redeemable preferred securities		886		108		40		-			954
VIEs’ fixed maturity securities		587		11		-		-			598
Total fixed maturity securities		79,196		8,149		524		(17	)		86,838
Equity securities		216		15		-		-			231
Total AFS securities	$	79,412	$	8,164	$	524	$	(17	)	$	87,069

⁽¹⁾ Includes unrealized gains and losses on impaired securities related to changes in the fair value of such securities subsequent to the impairment measurement date.

Available-For-Sale Securities By Contractual Maturities

	Amortized		Fair
	Cost		Value
Due in one year or less	$	2,602	$	2,637
Due after one year through five years		18,144		18,972
Due after five years through ten years		20,211		20,152
Due after ten years		35,454		37,409
Subtotal		76,411		79,170
Structured securities (ABS, MBS, CLOs)		6,178		6,392
Total fixed maturity AFS securities	$	82,589	$	85,562

Fair Value And Gross Unrealized Losses In A Continuous Unrealized Loss Position

	As of December 31, 2015
	Less Than or Equal					Greater Than
	to Twelve Months					Twelve Months					Total
				Gross					Gross					Gross
			Unrealized					Unrealized					Unrealized
	Fair		Losses and			Fair		Losses and			Fair		Losses and
	Value			OTTI		Value			OTTI		Value			OTTI
Fixed maturity securities:
Corporate bonds	$	20,380		$	1,364	$	2,383		$	623	$	22,763		$	1,987
ABS		213			4		274			29		487			33
U.S. government bonds		15			2		-			-		15			2
Foreign government bonds		37			1		-			-		37			1
RMBS		627			21		371			22		998			43
CMBS		116			2		11			2		127			4
CLOs		271			2		49			1		320			3
State and municipal bonds		129			8		27			4		156			12
Hybrid and redeemable
preferred securities		38			1		148			43		186			44
Total fixed maturity securities		21,826			1,405		3,263			724		25,089			2,129
Equity securities		47			6		-			-		47			6
Total AFS securities	$	21,873		$	1,411	$	3,263		$	724	$	25,136		$	2,135
Total number of AFS securities in an unrealized loss position															2,007

	As of December 31, 2014
	Less Than or Equal					Greater Than
	to Twelve Months					Twelve Months					Total
				Gross					Gross					Gross
			Unrealized					Unrealized					Unrealized
	Fair		Losses and			Fair		Losses and			Fair		Losses and
	Value			OTTI		Value			OTTI		Value			OTTI
Fixed maturity securities:
Corporate bonds	$	4,799		$	207	$	4,465		$	244	$	9,264		$	451
ABS		91			2		323			41		414			43
RMBS		447			7		241			14		688			21
CMBS		121			1		19			10		140			11
CLOs		110			1		70			1		180			2
State and municipal bonds		6			-		26			4		32			4
Hybrid and redeemable
preferred securities		31			-		176			40		207			40
Total fixed maturity securities		5,605			218		5,320			354		10,925			572
Equity securities		37			1		-			-		37			1
Total AFS securities	$	5,642		$	219	$	5,320		$	354	$	10,962		$	573
Total number of AFS securities in an unrealized loss position															1,019

Schedule Of Available-For-Sale Securites Whose Value Is Below Amortized Cost

	As of December 31, 2015
								Number
	Fair		Gross Unrealized					of
	Value		Losses		OTTI		Securities (1)
Less than six months	$	1,584	$	701	$	2			138
Six months or greater, but less than nine months		76		85		-			19
Nine months or greater, but less than twelve months		39		38		-			2
Twelve months or greater		153		83		15			60
Total	$	1,852	$	907	$	17			219

	As of December 31, 2014
								Number
	Fair		Gross Unrealized					of
	Value		Losses		OTTI		Securities (1)
Less than six months	$	48	$	19	$	-			12
Six months or greater, but less than nine months		8		7		-			3
Twelve months or greater		242		97		33			82
Total	$	298	$	123	$	33			97

⁽¹⁾ We may reflect a security in more than one aging category based on various purchase dates. 

Schedule Of Changes In Amount Of Credit Losses Of OTTI Recognized In Net Income (Loss)

	For the Years Ended December 31,
	2015			2014			2013
Balance as of beginning-of-year	$	380		$	404		$	424
Increases attributable to:
Credit losses on securities for which an OTTI was not previously recognized		19			4			39
Credit losses on securities for which an OTTI was previously recognized		16			16			43
Decreases attributable to:
Securities sold, paid down or matured		(33	)		(44	)		(102	)
Balance as of end-of-year	$	382		$	380		$	404

Schedule of Details Of The Amount Of Credit Losses Of OTTI Recognized In Net Income (Loss)

	As of December 31, 2015
			Net
			Unrealized					OTTI in
	Amortized		Gain/(Loss)			Fair		Credit
	Cost		Position			Value		Losses
Corporate bonds	$	31	$	(2	)	$	29	$	28
ABS		199		13			212		108
RMBS		365		12			377		193
CMBS		34		4			38		48
CLOs		11		3			14		5
Total	$	640	$	30		$	670	$	382

	As of December 31, 2014
			Net
			Unrealized					OTTI in
	Amortized		Gain/(Loss)			Fair		Credit
	Cost		Position			Value		Losses
Corporate bonds	$	38	$	(5	)	$	33	$	20
ABS		221		7			228		103
RMBS		447		19			466		190
CMBS		46		(6	)		40		62
CLOs		11		2			13		5
Total	$	763	$	17		$	780	$	380

Trading Securities (and Certain Trading Assets) [Table Text Block]

	As of December 31,
	2015		2014
Fixed maturity securities:
Corporate bonds	$	1,416	$	1,528
ABS		25		32
U.S. government bonds		221		278
Foreign government bonds		25		25
RMBS		104		135
CMBS		4		4
CLOs		10		9
State and municipal bonds		18		22
Hybrid and redeemable preferred securities		31		32
Total trading securities	$	1,854	$	2,065

Composition Of Current And Past Due Mortgage Loans On Real Estate

	As of December 31,
	2015			2014
Current	$	8,677		$	7,565
60 to 90 days past due		-			-
Greater than 90 days past due		-			8
Valuation allowance associated with impaired mortgage loans on real estate		(2	)		(3	)
Unamortized premium (discount)		3			4
Total carrying value	$	8,678		$	7,574

Schedule Of Impaired Mortgage Loans

	As of December 31,
	2015			2014
Number of impaired mortgage loans on real estate	2			3
Principal balance of impaired mortgage loans on real estate	$	8		$	26
Valuation allowance associated with impaired mortgage loans on real estate		(2	)		(3	)
Carrying value of impaired mortgage loans on real estate	$	6		$	23

Schedule of changes in the valuation allowance associated with impaired mortgage loans on real estate

	As of December 31,
	2015			2014		2013
Balance as of beginning-of-year	$	3		$	3	$	21
Additions		-			-		3
Charge-offs, net of recoveries		(1	)		-		(21	)
Balance as of end-of-year	$	2		$	3	$	3

Schedule Of Average Carrying Value Of Impaired Mortgage Loans

	For the Years Ended December 31,
	2015		2014		2013
Average carrying value for impaired mortgage loans on real estate	$	17	$	24	$	34
Interest income recognized on impaired mortgage loans on real estate		1		2		2
Interest income collected on impaired mortgage loans on real estate		1		2		2

Credit Quality Indicators For Mortgage Loans

	As of December 31, 2015				As of December 31, 2014
				Debt-				Debt-
				Service				Service
	Carrying		% of	Coverage	Carrying		% of	Coverage
Loan-to-Value Ratio	Value		Total	Ratio	Value		Total	Ratio
Less than 65%	$	7,718	88.9%	2.06	$	6,596	87.1%	1.90
65% to 74%		653	7.5%	1.60		631	8.3%	1.55
75% to 100%		301	3.5%	0.83		316	4.2%	0.77
Greater than 100%		6	0.1%	1.05		31	0.4%	0.77
Total mortgage loans on real estate	$	8,678	100.0%		$	7,574	100.0%

Net Investment Income

	For the Years Ended December 31,
	2015			2014			2013
Fixed maturity AFS securities	$	4,079		$	4,041		$	3,976
Equity AFS securities		9			9			6
Trading securities		107			125			137
Mortgage loans on real estate		395			378			388
Real estate		4			7			13
Policy loans		152			155			155
Invested cash		3			2			3
Commercial mortgage loan prepayment and
bond make-whole premiums		105			138			117
Alternative investments		88			130			86
Consent fees		5			2			4
Other investments		5			(11	)		(9	)
Investment income		4,952			4,976			4,876
Investment expense		(125	)		(117	)		(122	)
Net investment income	$	4,827		$	4,859		$	4,754

Realized Gain (Loss) Related To Certain Investments

	For The Years Ended December 31,
	2015			2014			2013
Fixed maturity AFS securities: (1)
Gross gains	$	43		$	29		$	21
Gross losses		(99	)		(23	)		(94	)
Equity AFS securities:
Gross gains		3			5			8
Gross losses		-			-			(2	)
Gain (loss) on other investments		(9	)		3			(3	)
Associated amortization of DAC, VOBA, DSI and DFEL
and changes in other contract holder funds		(26	)		(32	)		(28	)
Total realized gain (loss) related to certain investments, pre-tax	$	(88	)	$	(18	)	$	(98	)

⁽¹⁾ These amounts are represented net of related fair value hedging activity.  See Note 6 for more information.

OTTI Recognized In Net Income (Loss) And OCI

	For the Years Ended December 31,
	2015			2014			2013
OTTI Recognized in Net Income (Loss)
Fixed maturity securities:
Corporate bonds	$	(45	)	$	(1	)	$	(16	)
ABS		(7	)		(10	)		(20	)
RMBS		(7	)		(8	)		(31	)
CMBS		(1	)		(1	)		(15	)
Total fixed maturity securities		(60	)		(20	)		(82	)
Equity securities		-			-			(1	)
Gross OTTI recognized in net income (loss)		(60	)		(20	)		(83	)
Associated amortization of DAC, VOBA, DSI and DFEL		6			4			13
Net OTTI recognized in net income (loss), pre-tax	$	(54	)	$	(16	)	$	(70	)
Portion of OTTI Recognized in OCI
Gross OTTI recognized in OCI	$	30		$	12		$	11
Change in DAC, VOBA, DSI and DFEL		(4	)		(2	)		(1	)
Net portion of OTTI recognized in OCI, pre-tax	$	26		$	10		$	10

Payables For Collateral On Investments

	As of December 31, 2015				As of December 31, 2014
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Collateral payable for derivative investments (1)	$	1,387	$	1,387	$	1,673	$	1,673
Securities pledged under securities lending agreements (2)		242		231		204		196
Securities pledged under repurchase agreements (3)		673		739		607		666
Investments pledged for Federal Home Loan Bank of
Indianapolis (“FHLBI”) (4)		2,355		3,391		1,925		3,151
Total payables for collateral on investments	$	4,657	$	5,748	$	4,409	$	5,686

⁽¹⁾ We obtain collateral based upon contractual provisions with our counterparties.  These agreements take into consideration the counterparties’ credit rating as compared to ours, the fair value of the derivative investments and specified thresholds that if exceeded result in the receipt of cash that is typically invested in cash and invested cash.  See Note 6 for additional information.

⁽²⁾ Our pledged securities under securities lending agreements are included in fixed maturity AFS securities on our Consolidated Balance Sheets.  We generally obtain collateral in an amount equal to 102% and 105% of the fair value of the domestic and foreign securities, respectively.  We value collateral daily and obtain additional collateral when deemed appropriate.  The cash received in our securities lending program is typically invested in cash and invested cash or fixed maturity AFS securities.

⁽³⁾ Our pledged securities under repurchase agreements are included in fixed maturity AFS securities on our Consolidated Balance Sheets.  We obtain collateral in an amount equal to 95% of the fair value of the securities, and our agreements with third parties contain contractual provisions to allow for additional collateral to be obtained when necessary.  The cash received in our repurchase program is typically invested in fixed maturity AFS securities.

⁽⁴⁾ Our pledged investments for FHLBI are included in fixed maturity AFS securities and mortgage loans on real estate on our Consolidated Balance Sheets.  The collateral requirements are generally 105% to 115% of the fair value for fixed maturity AFS securities and 155% to 175% of the fair value for mortgage loans on real estate.  The cash received in these transactions is primarily invested in cash and invested cash or fixed maturity AFS securities.

Schedule Of Increase (Decrease) In Payables For Collateral On Investments

	For the Years Ended December 31,
	2015			2014			2013
Collateral payable for derivative investments	$	(286	)	$	1,035		$	(1,929	)
Securities pledged under securities lending agreements		38			20			(13	)
Securities pledged under repurchase agreements		66			77			250
Securities pledged for Term Asset-Backed Securities Loan Facility		-			(36	)		(1	)
Investments pledged for FHLBI		430			75			750
Total increase (decrease) in payables for collateral on investments	$	248		$	1,171		$	(943	)

Schedule Of Securities Pledged By Contractual Maturity

	As of December 31, 2015
	Overnight and Continuous		Up to 30 Days		30 –  90 Days		Greater Than 90 Days		Total
Repurchase Agreements
RMBS	$	-	$	-	$	-	$	250	$	250
Corporate bonds		-		-		275		148		423
Total		-		-		275		398		673
Securities Lending
Corporate bonds		242		-		-		-		242
Foreign government bonds		-		-		-		-		-
Total		242		-		-		-		242
Total secured borrowings	$	242	$	-	$	275	$	398	$	915
Gross amount of recognized liabilities for repurchase agreements and securities lending:									$	914
Amounts related to agreements not included in offsetting disclosures:									$	-