XML 38 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2018
Reinsurance Disclosure [Line Items]  
Schedule of Related Party Transactions [Table Text Block]
The following table summarizes income and expense from transactions with related parties (excluding broker-dealer transactions) for the periods indicated:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2018
 
2017
 
2018
 
2017
 
(In millions)
Income
$
95

 
$
(11
)
 
$
155

 
$
(121
)
Expense
$
390

 
$
259

 
$
739

 
$
668

The following table summarizes assets and liabilities from transactions with related parties (excluding broker-dealer transactions) at:
 
September 30, 2018
 
December 31, 2017
 
(In millions)
Assets
$
93

 
$
2,839

Liabilities
$
—

 
$
2,675

The following table summarizes income and expense from transactions with related party broker-dealers for the periods indicated:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2018
 
2017
 
2018
 
2017
 
(In millions)
Fee income
$
55

 
$
56

 
$
166

 
$
167

Commission expense
$
214

 
$
157

 
$
540

 
$
477

The following table summarizes assets from transactions with related party broker-dealers at:
 
September 30, 2018
 
December 31, 2017
 
(In millions)
Fee income receivables
$
18

 
$
19
Effects of reinsurance
Information regarding the significant effects of reinsurance with NELICO and former MetLife affiliates included on the interim condensed consolidated statements of operations and comprehensive income (loss) was as follows:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2018
 
2017
 
2018
 
2017
 
(In millions)
Premiums
 
 
 
 
 
 
 
Reinsurance assumed
$
1

 
$
1

 
$
8

 
$
10

Reinsurance ceded
—

 
(106
)
 
(201
)
 
(423
)
Net premiums
$
1

 
$
(105
)
 
$
(193
)
 
$
(413
)
Universal life and investment-type product policy fees
 
 
 
 
 
 
 
Reinsurance assumed
$
2

 
$
32

 
$
49

 
$
82

Reinsurance ceded
—

 
1

 
1

 
(17
)
Net universal life and investment-type product policy fees
$
2

 
$
33

 
$
50

 
$
65

Other revenues
 
 
 
 
 
 
 
Reinsurance assumed
$
—

 
$
—

 
$
1

 
$
28

Reinsurance ceded
—

 
—

 
18

 
39

Net other revenues
$
—

 
$
—

 
$
19

 
$
67

Policyholder benefits and claims
 
 
 
 
 
 
 
Reinsurance assumed
$
8

 
$
32

 
$
38

 
$
67

Reinsurance ceded
—

 
(89
)
 
(177
)
 
(317
)
Net policyholder benefits and claims
$
8

 
$
(57
)
 
$
(139
)
 
$
(250
)
Information regarding the significant effects of reinsurance with NELICO and former MetLife affiliates included on the interim condensed consolidated balance sheets was as follows at:
 
September 30, 2018
 
December 31, 2017
 
Assumed
 
Ceded
 
Assumed
 
Ceded
 
(In millions)
Assets
 
 
 
 
 
 
 
Premiums, reinsurance and other receivables
$
19

 
$
—

 
$
34

 
$
3,254

Liabilities
 
 
 
 
 
 
 
Policyholder account balances
$
289

 
$
—

 
$
436

 
$
—

Other policy-related balances
$
10

 
$
—

 
$
1,683

 
$
—

Other liabilities
$
(38
)
 
$
—

 
$
(8
)
 
$
401