XML 69 R54.htm IDEA: XBRL DOCUMENT v3.8.0.1
SIGNIFICANT ACCOUNTING POLICIES - ASSUMPTION UPDATES AND MODEL CHANGES (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Jun. 30, 2017
Sep. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Jun. 30, 2015
Dec. 31, 2014
Change in Accounting Estimate [Line Items]                              
Policyholders’ benefits increase (decrease)   $ 907 $ 1,364 $ 975         $ 2,338 $ 3,246 $ 3,462 $ 2,771 $ 2,474    
Amortization of deferred policy acquisition costs, net increase (decrease)                     846 646      
Income (loss) from operations, before income taxes   20 2,034 (175)         1,857 1,876 2,255 622 1,038    
Face value amount threshold for rate increase                         1    
Net income (loss) $ 1,712 $ 121 $ 1,615 $ (54) $ (1,144) $ 175 $ 600 $ 1,075 $ 1,559 $ 1,679 3,394 706 1,060    
Mean (RTM) assumption                           7.00% 9.00%
Increase (decrease) in the fair value of the reinsurance contract asset                     174 (268) (141)    
2016 Assumption Updates                              
Change in Accounting Estimate [Line Items]                              
Policyholders’ benefits increase (decrease)                     23 (135)      
Amortization of deferred policy acquisition costs, net increase (decrease)                     247 193      
Fees and commissions                     88 35      
Income (loss) from operations, before income taxes                     1,700 (23)      
Net income (loss)                     1,100 $ (15)      
Increase in Cost of Insurance                              
Change in Accounting Estimate [Line Items]                              
Income (loss) from operations, before income taxes                         71    
Net income (loss)                         46    
Long-term Lapses, Partial Withdrawal Rates and Election Assumptions Updates | GMIB                              
Change in Accounting Estimate [Line Items]                              
Policyholders’ benefits increase (decrease)                         (864)    
Amortization of deferred policy acquisition costs, net increase (decrease)                         (32)    
Income (loss) from operations, before income taxes                         (636)    
Net income (loss)                         (413)    
Increase (decrease) in the fair value of the reinsurance contract asset                     1,500   (746)    
Increase (decrease) in fair value of policy liability                     $ (447)   786    
Update RTM Assumptions                              
Change in Accounting Estimate [Line Items]                              
Income (loss) from operations, before income taxes                         (527)    
Net income (loss)                         $ (342)    
Mean (RTM) assumption                         7.00%   9.00%
Update RTM Assumptions | GMIB                              
Change in Accounting Estimate [Line Items]                              
Policyholders’ benefits increase (decrease)                         $ 570    
Amortization of deferred policy acquisition costs, net increase (decrease)                         (73)    
Update RTM Assumptions | Variable and Interest Sensitive Life                              
Change in Accounting Estimate [Line Items]                              
Policyholders’ benefits increase (decrease)                         29    
Long Term Lapse Assumption | GMIB                              
Change in Accounting Estimate [Line Items]                              
Policyholders’ benefits increase (decrease)                         53    
Amortization of deferred policy acquisition costs, net increase (decrease)                         (12)    
Income (loss) from operations, before income taxes                         74    
Net income (loss)                         48    
Increase (decrease) in the fair value of the reinsurance contract asset                         216    
Increase (decrease) in fair value of policy liability                         101    
Impact of Lump Sum Payment Option                              
Change in Accounting Estimate [Line Items]                              
Income (loss) from operations, before income taxes                         103    
Net income (loss)                         67    
Impact of Lump Sum Payment Option | GMIB                              
Change in Accounting Estimate [Line Items]                              
Policyholders’ benefits increase (decrease)                         (47)    
Increase (decrease) in the fair value of the reinsurance contract asset                         (263)    
Increase (decrease) in fair value of policy liability                         $ (320)