XML 49 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
Deferred Policy Acquisition Costs, Value of Business Acquired and Other Policy-Related Intangibles (Tables)
 12 Months Ended
Dec. 31, 2016
Deferred Policy Acquisition Costs and Value of Business Acquired [Abstract]  
Schedule of Deferred Policy Acquisition Costs and Value of Business Acquired
Information regarding DAC and VOBA was as follows:
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
(In millions)
DAC
 
 
 
 
 
Balance at January 1,
$
4,131

 
$
4,162

 
$
4,795

Capitalizations
282

 
325

 
279

Amortization related to:
 
 
 
 
 
Net investment gains (losses) and net derivative gains (losses)
1,348

 
188

 
(152
)
Other expenses
(1,107
)
 
(639
)
 
(699
)
Total amortization
241

 
(451
)
 
(851
)
Unrealized investment gains (losses)
(20
)
 
95

 
(61
)
Balance at December 31,
4,634

 
4,131

 
4,162

VOBA
 
 
 
 
 
Balance at January 1,
678

 
728

 
896

Amortization related to:
 
 
 
 
 
Net investment gains (losses) and net derivative gains (losses)
2

 
(19
)
 
(1
)
Other expenses
(71
)
 
(125
)
 
(138
)
Total amortization
(69
)
 
(144
)
 
(139
)
Unrealized investment gains (losses)
31

 
94

 
(29
)
Balance at December 31,
640

 
678

 
728

Total DAC and VOBA
 
 
 
 
 
Balance at December 31,
$
5,274

 
$
4,809

 
$
4,890
Deferred Policy Acquisition Costs
Information regarding DAC and VOBA was as follows:
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
(In millions)
DAC
 
 
 
 
 
Balance at January 1,
$
4,131

 
$
4,162

 
$
4,795

Capitalizations
282

 
325

 
279

Amortization related to:
 
 
 
 
 
Net investment gains (losses) and net derivative gains (losses)
1,348

 
188

 
(152
)
Other expenses
(1,107
)
 
(639
)
 
(699
)
Total amortization
241

 
(451
)
 
(851
)
Unrealized investment gains (losses)
(20
)
 
95

 
(61
)
Balance at December 31,
4,634

 
4,131

 
4,162

VOBA
 
 
 
 
 
Balance at January 1,
678

 
728

 
896

Amortization related to:
 
 
 
 
 
Net investment gains (losses) and net derivative gains (losses)
2

 
(19
)
 
(1
)
Other expenses
(71
)
 
(125
)
 
(138
)
Total amortization
(69
)
 
(144
)
 
(139
)
Unrealized investment gains (losses)
31

 
94

 
(29
)
Balance at December 31,
640

 
678

 
728

Total DAC and VOBA
 
 
 
 
 
Balance at December 31,
$
5,274

 
$
4,809

 
$
4,890
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,
 
2016
 
2015
 
(In millions)
Annuities
$
4,521

 
$
3,510

Life
504

 
680

Run-off
112

 
510

Corporate & Other
137

 
109

Total
$
5,274

 
$
4,809
Deferred Sales Inducements
Information regarding other intangibles was as follows:
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
(In millions)
DSI
 
 
 
 
 
Balance at January 1,
$
478

 
$
522

 
$
619

Capitalization
2

 
3

 
4

Amortization
(88
)
 
(64
)
 
(73
)
Unrealized investment gains (losses)
(1
)
 
17

 
(28
)
Balance at December 31,
$
391

 
$
478

 
$
522

VODA and VOCRA
 
 
 
 
 
Balance at January 1,
$
125

 
$
142

 
$
159

Amortization
(15
)
 
(17
)
 
(17
)
Balance at December 31,
$
110

 
$
125

 
$
142

Accumulated amortization
$
130

 
$
115

 
$
98
Value of Distribution Agreements and Customer Relationships Acquired
Information regarding other intangibles was as follows:
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
(In millions)
DSI
 
 
 
 
 
Balance at January 1,
$
478

 
$
522

 
$
619

Capitalization
2

 
3

 
4

Amortization
(88
)
 
(64
)
 
(73
)
Unrealized investment gains (losses)
(1
)
 
17

 
(28
)
Balance at December 31,
$
391

 
$
478

 
$
522

VODA and VOCRA
 
 
 
 
 
Balance at January 1,
$
125

 
$
142

 
$
159

Amortization
(15
)
 
(17
)
 
(17
)
Balance at December 31,
$
110

 
$
125

 
$
142

Accumulated amortization
$
130

 
$
115

 
$
98
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 and VOCRA
 
(In millions)
2017
$
108

 
$
14

2018
$
92

 
$
13

2019
$
78

 
$
12

2020
$
58

 
$
11

2021
$
50

 
$
9