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Reinsurance (Tables)
3 Months Ended
Mar. 31, 2018
Effects Of Reinsurance [Line Items]  
Components of reinsurance recoverables
(In millions)
March 31,December 31,Collateral and Other Terms
Line of BusinessReinsurer(s)20182017at March 31, 2018
Ongoing operations
Global Health Care, Global Supplemental Benefits, Group Disability and Life, COLIVarious$446$454Recoverables from approximately 85 reinsurers, used in the ordinary course of business. Current balances range from less than $1 million up to $76 million. Over 70% of the balance is from companies rated as investment grade by Standard & Poor's, and 12% is secured by assets in trusts or letters of credit.
Total recoverables related to ongoing operations446454
Acquisition, disposition or runoff activities
Individual Life and Annuity (sold in 1998)Lincoln National Life and Lincoln Life & Annuity of New York3,3823,436Both companies' ratings are sufficient to avoid triggering a contractual obligation to fully secure the outstanding balance.
GMDBBerkshire915928100% secured by assets in a trust.
Other3534100% secured by assets in a trust or letters of credit.
Retirement Benefits Business (sold in 2004)Prudential Retirement Insurance and Annuity832850100% secured by assets in a trust.
Supplemental Benefits Business (2012 acquisition)Great American Life277283100% secured by assets in a trust.
Other run-off reinsuranceVarious5861100% secured by assets in trusts.
Total recoverables related to acquisition, disposition or runoff activities5,4995,592
Total reinsurance recoverables$5,945$6,046
Effects of Reinsurance
Three Months Ended
(In millions)March 31, 2018March 31, 2017
Ceded premiums
Individual life insurance and annuity business sold$37$39
Other9881
Total ceded premiums$135$120
Reinsurance recoveries
Individual life insurance and annuity business sold$57$70
Other4729
Total reinsurance recoveries$104$99
Variable Annuity [Member] | Guaranteed Minimum Death Benefit [Member]  
Effects Of Reinsurance [Line Items]  
Account value, net amount at risk, contractholder average age
(Dollars in millions, excludes impact of reinsurance ceded)March 31, 2018December 31, 2017
Account value$9,762$10,109
Net amount at risk$2,120$2,112
Number of contractholders240,000245,000
Variable Annuity [Member] | Guaranteed Minimum Income Benefit [Member]  
Effects Of Reinsurance [Line Items]  
Components of reinsurance recoverables
(In millions)
March 31,December 31,Collateral and Other Terms
Line of BusinessReinsurer20182017at March 31, 2018
GMIB Berkshire $337 $ 359100% secured by assets in a trust.
Sun Life Assurance Company of Canada199221
Liberty Re (Bermuda) Ltd. 181197100% secured by assets in a trust.
Total GMIB recoverables reported in other assets$717$777