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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Statement of Cash Flows [Abstract]      
Net earnings (loss) $ 1,464 $ 4,420 $ (3,236)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Interest credited to policyholders’ account balances 978 1,186 1,373
Universal life and investment-type product policy fee income (3,574) (3,475) (3,546)
Net change in broker-dealer and customer related receivables/payables (38) (525) (740)
(Income) loss related to derivative instruments 81 (1,605) 2,866
Change in reinsurance recoverable with affiliate (581) (128) (176)
Investment (gains) losses, net 20 58 99
Change in segregated cash and securities, net (89) 505 571
Change in deferred policy acquisition costs (331) (413) (74)
Change in future policy benefits 961 1,647 (384)
Change in current and deferred income taxes 258 1,448 (1,754)
Real estate related write-off charges 0 25 56
Change in accounts payable and accrued expenses 38 (259) 33
Change in the fair value of the reinsurance contract asset 141 (3,964) 4,297
Contribution to pension plans 0 (6) 0
Amortization of deferred compensation 172 171 159
Amortization of deferred sales commission 49 42 41
Amortization of reinsurance cost 39 302 302
Other depreciation and amortization (18) 44 122
Amortization of other intangibles 28 27 24
Other, net 116 (117) 128
Net cash provided by (used in) operating activities (286) (617) 161
Cash flows from investing activities:      
Maturities and repayments of fixed maturities and mortgage loans on real estate 3,996 2,975 3,691
Sales of investments 1,284 1,099 3,444
Purchases of investments (6,145) (6,751) (6,057)
Purchases of trading account securities (12,501) (7,014) (3,794)
Sales maturities and repayment of trading account securities 10,810 6,077 1,893
Cash settlements related to derivative instruments 529 999 (2,500)
Purchase of business, net of cash acquired 0 (61) 0
Change in short-term investments (363) (5) 0
Decrease in loans to affiliates 0 0 5
Increase in loans to affiliates 0 0 (56)
Investment in capitalized software, leasehold improvements and EDP equipment (71) (83) (67)
Other, net 35 (9) 12
Net cash provided by (used in) investing activities (2,426) (2,773) (3,429)
Cash flows from financing activities:      
Deposits 4,821 5,034 5,469
Withdrawals and transfers to Separate Accounts (880) (1,075) (1,188)
Change in short-term financings 95 221 (55)
Change in collateralized pledged liabilities (270) 430 (663)
Change in collateralized pledged assets (2) (12) (18)
Repayment of Loans from Affiliates 0 (825) (500)
Repayment of long term debt (200) 0 0
Shareholder dividends paid (767) (382) (234)
Repurchase of AB Holding units (214) (90) (113)
Distribution to noncontrolling interest in consolidated subsidiaries (414) (401) (306)
Increase (decrease) in Securities sold under agreement to repurchase 939 950 0
Change in securities sold under agreements to resale (79) 0 0
Other, net 5 (7) 0
Net cash provided by (used in) financing activities 3,034 3,843 2,392
Effect of exchange rate changes on cash and cash equivalents (10) (20) (3)
Change in cash and cash equivalents 312 433 (879)
Cash and cash equivalents, beginning of year 2,716 2,283 3,162
Cash and Cash Equivalents, End of Year 3,028 2,716 2,283
Supplemental cash flow information:      
Interest Paid 19 72 91
Income Taxes (Refunded) Paid $ (80) $ 272 $ (214)