Deferred Policy Acquisition Costs, Value of Business Acquired and Other Policy-Related Intangibles (Tables)

12 Months Ended

Dec. 31, 2017

Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]

Schedule of Deferred Policy Acquisition Costs and Value of Business Acquired

Information regarding DAC and VOBA was as follows:

	Years Ended December 31,
	2017			2016			2015
	(In millions)
DAC:
Balance at January 1,	$	5,667		$	5,066		$	5,097
Capitalizations	256			330			399
Amortization related to:
Net investment gains (losses) and net derivative gains (losses)	127			1,371			163
Other expenses	(958		)	(1,076		)	(690		)
Total amortization	(831		)	295			(527		)
Unrealized investment gains (losses)	(77		)	(24		)	97
Balance at December 31,	5,015			5,667			5,066
VOBA:
Balance at January 1,	672			711			763
Amortization related to:
Net investment gains (losses) and net derivative gains (losses)	(9		)	2			(19		)
Other expenses	(76		)	(72		)	(127		)
Total amortization	(85		)	(70		)	(146		)
Unrealized investment gains (losses)	21			31			94
Balance at December 31,	608			672			711
Total DAC and VOBA:
Balance at December 31,	$	5,623		$	6,339		$	5,777

Deferred Policy Acquisition Costs

Information regarding DAC and VOBA was as follows:

	Years Ended December 31,
	2017			2016			2015
	(In millions)
DAC:
Balance at January 1,	$	5,667		$	5,066		$	5,097
Capitalizations	256			330			399
Amortization related to:
Net investment gains (losses) and net derivative gains (losses)	127			1,371			163
Other expenses	(958		)	(1,076		)	(690		)
Total amortization	(831		)	295			(527		)
Unrealized investment gains (losses)	(77		)	(24		)	97
Balance at December 31,	5,015			5,667			5,066
VOBA:
Balance at January 1,	672			711			763
Amortization related to:
Net investment gains (losses) and net derivative gains (losses)	(9		)	2			(19		)
Other expenses	(76		)	(72		)	(127		)
Total amortization	(85		)	(70		)	(146		)
Unrealized investment gains (losses)	21			31			94
Balance at December 31,	608			672			711
Total DAC and VOBA:
Balance at December 31,	$	5,623		$	6,339		$	5,777

Information Regarding Deferred Policy Acquisition Costs and Value of Business Acquired by Segment

Information regarding total DAC and VOBA by segment, as well as Corporate & Other, was as follows at:

	December 31,
	2017		2016
	(In millions)
Annuities	$	4,819	$	4,820
Life	671		787
Run-off	5		584
Corporate & Other	128		148
Total	$	5,623	$	6,339

Deferred Sales Inducements

Information regarding other intangibles was as follows:

	Years Ended December 31,
	2017			2016			2015
	(In millions)
DSI:
Balance at January 1,	$	432		$	515		$	566
Capitalization	2			3			3
Amortization	(12		)	(83		)	(72		)
Unrealized investment gains (losses)	(11		)	(3		)	18
Balance at December 31,	$	411		$	432		$	515
VODA:
Balance at January 1,	$	120		$	136		$	155
Amortization	(15		)	(16		)	(19		)
Balance at December 31,	$	105		$	120		$	136
Accumulated amortization	$	155		$	140		$	124

Value of Distribution Agreements and Customer Relationships Acquired

Information regarding other intangibles was as follows:

	Years Ended December 31,
	2017			2016			2015
	(In millions)
DSI:
Balance at January 1,	$	432		$	515		$	566
Capitalization	2			3			3
Amortization	(12		)	(83		)	(72		)
Unrealized investment gains (losses)	(11		)	(3		)	18
Balance at December 31,	$	411		$	432		$	515
VODA:
Balance at January 1,	$	120		$	136		$	155
Amortization	(15		)	(16		)	(19		)
Balance at December 31,	$	105		$	120		$	136
Accumulated amortization	$	155		$	140		$	124

Estimated Future Amortization Expense

The estimated future amortization expense to be reported in other expenses for the next five years is as follows:

	VOBA		VODA
	(In millions)
2018	$	98	$	14
2019	$	84	$	13
2020	$	62	$	12
2021	$	53	$	10
2022	$	46	$	9