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SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The following tables reconcile segment revenues and earnings (loss) from continuing operations before income taxes to total revenues and earnings (loss) as reported on the consolidated statements of earnings (loss) and segment assets to total assets on the consolidated balance sheets.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
 
(In Millions)
Segment revenues:
 
 
 
 
 
 
 
Insurance(1)
$
1,473

 
$
4,983

 
$
9,323

 
$
7,231

Investment Management(2)
750

 
738

 
2,243

 
2,291

Consolidation/elimination
(7
)
 
(7
)
 
(19
)
 
(21
)
Total Revenues
$
2,216

 
$
5,714

 
$
11,547

 
$
9,501

 
(1)
Includes investment expenses charged by AB of approximately $14 million, $39 million, $12 million and $34 million for the third quarter and first nine months of 2016 and 2015, respectively, for services provided to the Insurance Segment.
(2)
Intersegment investment advisory and other fees of approximately $21 million, $58 million, $19 million and $55 million for the third quarter and first nine months of 2016 and 2015, respectively, are included in total revenues of the Investment Management segment.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
 
(In Millions)
Segment earnings (loss) from continuing operations, before income taxes:
 
 
 
 
 
 
 
Insurance
$
(212
)
 
$
3,200

 
$
3,510

 
$
2,271

Investment Management
183

 
138

 
490

 
445

Consolidation/elimination
(1
)
 
1

 
—

 
—

Total Earnings (Loss) from Continuing Operations, before income taxes
$
(30
)
 
$
3,339

 
$
4,000

 
$
2,716
Reconciliation of Assets from Segment to Consolidated
 
September 30,
2016
 
December 31,
2015
 
(In Millions)
Segment assets:
 
 
 
Insurance
$
196,468

 
$
182,738

Investment Management(1)
12,568

 
11,895

Consolidation/elimination
(2
)
 
(7
)
Total Assets
$
209,034

 
$
194,626

 
(1)
In accordance with SEC regulations, the assets of the Investment Management segment include securities with a fair value of $444 million and $460 million which have been segregated in a special reserve bank custody account at September 30, 2016 and December 31, 2015, respectively, for the exclusive benefit of securities broker-dealer or brokerage customers under the Exchange Act. They also include cash held in several special bank accounts for the exclusive benefit of customers. As of September 30, 2016 and December 31, 2015, $48 million and $55 million, respectively, of cash were segregated in these bank accounts.