XML 163 R147.htm IDEA: XBRL DOCUMENT v3.6.0.2
Fair Value of Financial Instruments (Fair Value Measured On A Recurring Basis Reconciliation) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value $ 1,799 $ 2,547 $ 3,730
Items Included in Net Income (73) (795) (1,375)
Gains (Losses) in OCI and Other [1] (42) (173) 403
Issuances, Sales, Maturities, Settlements, Calls, Net 245 132 129
Transfers In or Out of Level 3, Net [2] (384) 88 (340) [3]
Ending Fair Value 1,545 1,799 2,547
Corporate bonds [Member] | Fixed maturity AFS securities [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [4] 1,993 1,953 1,701
Items Included in Net Income [4] 4 4 9
Gains (Losses) in OCI and Other [1],[4] (31) (140) 27
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 58 118 197
Transfers In or Out of Level 3, Net [2],[4] 381 58 19 [3]
Ending Fair Value [4] 2,405 1,993 1,953
ABS [Member] | Fixed maturity AFS securities [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [4] 45 33 10
Gains (Losses) in OCI and Other [1],[4] (2)   1
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 14 12  
Transfers In or Out of Level 3, Net [2],[4] (24)   22 [3]
Ending Fair Value [4] 33 45 33
U.S. government bonds [Member] | Fixed maturity AFS securities [Member]      
Level 3 Unobservable Input Reconciliation      
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 8    
Transfers In or Out of Level 3, Net [2],[4] (8)    
Foreign government bonds [Member] | Fixed maturity AFS securities [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [4] 111 109 79
Items Included in Net Income [4]    
Gains (Losses) in OCI and Other [1],[4] 2 5
Issuances, Sales, Maturities, Settlements, Calls, Net [4]    
Transfers In or Out of Level 3, Net [2],[4]   25 [3]
Ending Fair Value [4] 111 111 109
RMBS [Member] | Fixed maturity AFS securities [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [4] 1 1 1
Items Included in Net Income [4] 4
Gains (Losses) in OCI and Other [1],[4]  
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 66 (4)
Transfers In or Out of Level 3, Net [2],[4] (64)   [3]
Ending Fair Value [4] 3 1 1
CMBS [Member] | Fixed maturity AFS securities [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [4] 10 15 20
Items Included in Net Income [4] 2 2  
Gains (Losses) in OCI and Other [1],[4] (1) 8 2
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 27 (15) (13)
Transfers In or Out of Level 3, Net [2],[4] (31)   6 [3]
Ending Fair Value [4] 7 10 15
CLOs [Member] | Fixed maturity AFS securities [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [4] 551 368 179
Items Included in Net Income [4]     (3)
Gains (Losses) in OCI and Other [1],[4]   1 7
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 138 194 136
Transfers In or Out of Level 3, Net [2],[4] (621) (12) 49 [3]
Ending Fair Value [4] 68 551 368
State and municipal bonds [Member] | Fixed maturity AFS securities [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [4]     28
Gains (Losses) in OCI and Other [1],[4]     1
Transfers In or Out of Level 3, Net [2],[3],[4]     (29)
Hybrid and redeemable preferred securities [Member] | Fixed maturity AFS securities [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [4] 94 55 66
Items Included in Net Income [4]   (1)  
Gains (Losses) in OCI and Other [1],[4] (3) (3) (1)
Issuances, Sales, Maturities, Settlements, Calls, Net [4] (15)   (5)
Transfers In or Out of Level 3, Net [2],[4]   43 (5) [3]
Ending Fair Value [4] 76 94 55
Equity AFS securities [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [4] 164 157 161
Items Included in Net Income [4] 5 2 4
Gains (Losses) in OCI and Other [1],[4] (4) 3 (3)
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 12 3 (5)
Transfers In or Out of Level 3, Net [2],[4]   (1)  
Ending Fair Value [4] 177 164 157
Trading securities [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [4] 73 73 52
Items Included in Net Income [4] 4 3 4
Gains (Losses) in OCI and Other [1],[4]   (3) 8
Issuances, Sales, Maturities, Settlements, Calls, Net [4] 5   10
Transfers In or Out of Level 3, Net [2],[4] (17)   (1) [3]
Ending Fair Value [4] 65 73 73
Derivative investments [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [4] 555 989 1,266
Items Included in Net Income [4] (483) (90) 72
Gains (Losses) in OCI and Other [1],[4] (1) (41) 356
Issuances, Sales, Maturities, Settlements, Calls, Net [4] (164) (303) (279)
Transfers In or Out of Level 3, Net [2],[3],[4]     (426)
Ending Fair Value [4] (93) 555 989
Reinsurance recoverable [Member] | Other assets [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [5] 268 154 27
Items Included in Net Income [5] (65) 114 127
Ending Fair Value [5] 203 268 154
Indexed annuity and IUL contracts embedded derivatives [Member] | Future contract benefits [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [5] (1,100) (1,170) (1,048)
Items Included in Net Income [5] (120) (57) (210)
Issuances, Sales, Maturities, Settlements, Calls, Net [5] 81 127 88
Ending Fair Value [5] (1,139) (1,100) (1,170)
VIEs' liabilities - derivative instruments [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [6] (4) (13) (27)
Items Included in Net Income [6] 4 9 14
Ending Fair Value [6]   (4) (13)
Credit default swaps [Member] | Other liabilities [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [6] (9) (3) (2)
Items Included in Net Income [6] (6) (6) (1)
Issuances, Sales, Maturities, Settlements, Calls, Net [6] 15    
Ending Fair Value [6]   (9) (3)
GLB reserves embedded derivatives [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value     1,244
Transfers In or Out of Level 3, Net [2],[3]     (1,244)
GLB reserves embedded derivatives [Member] | Other liabilities [Member]      
Level 3 Unobservable Input Reconciliation      
Beginning Fair Value [5] (953) (174) (27)
Items Included in Net Income [5] 582 (779) (1,391)
Transfers In or Out of Level 3, Net [2],[3],[5]     1,244
Ending Fair Value [5] $ (371) $ (953) $ (174)
[1] The changes in fair value of the interest rate swaps are offset by an adjustment to derivative investments (see Note 6).
[2] Transfers into or out of Level 3 for AFS and trading securities are displayed at amortized cost as of the beginning-of-year. For AFS and trading securities, the difference between beginning-of-year amortized cost and beginning-of-year fair value was included in OCI and earnings, respectively, in prior years.
[3] Transfers into or out of Level 3 for GLB reserves embedded derivatives between future contract benefits, other assets and other liabilities on our Consolidated Balance Sheets.
[4] Amortization and accretion of premiums and discounts are included in net investment income on our Consolidated Statements of Comprehensive Income (Loss). Gains (losses) from sales, maturities, settlements and calls and OTTI are included in realized gain (loss) on our Consolidated Statements of Comprehensive Income (Loss).
[5] Gains (losses) from sales, maturities, settlements and calls are included in realized gain (loss) on our Consolidated Statements of Comprehensive Income (Loss).
[6] The changes in fair value of the credit default swaps and contingency forwards are included in realized gain (loss) on our Consolidated Statements of Comprehensive Income (Loss).