XML 42 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Revenue from External Customers by Products and Services [Table Text Block]
The following table presents total premiums, universal life and investment-type product policy fees and other revenues by major product groups of the Company’s segments, as well as Corporate & Other:
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
(In millions)
Annuity products
$
3,411

 
$
3,701

 
$
4,110

Life insurance products
1,552

 
1,529

 
1,466

Other products
23

 
133

 
5

Total
$
4,986

 
$
5,363

 
$
5,581

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]
Reconciliation of Company operating revenues to total revenues:
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
 
 
(In millions)
Annuities
 
$
4,423

 
$
4,665

 
$
4,790

Life
 
1,036

 
881

 
897

Run-off
 
2,313

 
2,366

 
2,319

    Total segment
 
7,772

 
7,912

 
8,006

Corporate & Other
 
338

 
398

 
314

Net investment gains (losses)
 
(67
)
 
5

 
(489
)
Net derivative gains (losses)
 
(5,770
)
 
(497
)
 
294

Other adjustments
 
(13
)
 
54

 
245

Total
 
$
2,260

 
$
7,872

 
$
8,370

Segment Reporting Information, by Segment
 
 
Operating Results
Year Ended December 31, 2016
 
Annuities
 
Life
 
Run-off
 
Corporate
& Other
 
Total
 
 
(In millions)
Pre-tax operating earnings
 
$
1,494

 
$
6

 
$
(249
)
 
$
23

 
$
1,274

Provision for income tax expense (benefit)
 
441

 

 
(90
)
 
(10
)
 
341

Operating earnings
 
$
1,053

 
$
6

 
$
(159
)
 
$
33

 
933

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(67
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(5,770
)
Other adjustments to net income
 
 
 
 
 
 
 
 
 
98

Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
2,031

Net income (loss)
 
 
 
 
 
 
 
 
 
$
(2,775
)
 
 
 
 
 
 
 
 
 
 
 
Inter-segment revenues
 
$
716

 
$
(722
)
 
$
135

 
$
20

 
 
Interest revenue
 
$
1,446

 
$
351

 
$
1,411

 
$
197

 
 
Interest expense
 
$

 
$

 
$
60

 
$
67

 
 
 
 
 
 
 
 
 
 
 
 
 
At December 31, 2016

Annuities

Life

Run-off
 
Corporate & Other

Total


(In millions)
Total assets

$
146,224

 
$
12,296

 
$
40,575

 
$
12,330


$
211,425

Separate account assets

$
100,209

 
$
1,671

 
$
3,466

 
$


$
105,346

Separate account liabilities

$
100,209

 
$
1,671

 
$
3,466

 
$


$
105,346

 
 
Operating Results
Year Ended December 31, 2015
 
Annuities
 
Life
 
Run-off
 
Corporate
& Other
 
Total
 
 
(In millions)
Pre-tax operating earnings
 
$
1,339

 
$
(56
)
 
$
713

 
$
(77
)
 
$
1,919

Provision for income tax expense (benefit)
 
329

 
(21
)
 
247

 
(43
)
 
512

Operating earnings
 
$
1,010

 
$
(35
)
 
$
466

 
$
(34
)
 
1,407

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
5

Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(497
)
Other adjustments to net income
 
 
 
 
 
 
 
 
 
(262
)
Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
265

Net income (loss)
 
 
 
 
 
 
 
 
 
$
918


 
 
 
 
 
 
 
 
 
 
Inter-segment revenues
 
$
595

 
$
(695
)
 
$
118

 
$
215

 
 
Interest revenue
 
$
1,266

 
$
313

 
$
1,551

 
$
97

 
 
Interest expense
 
$

 
$

 
$
60

 
$
69

 
 
At December 31, 2015

Annuities

Life

Run-off
 
Corporate & Other

Total
 
 
(In millions)
Total assets
 
$
142,646

 
$
13,242

 
$
44,176

 
$
15,552

 
$
215,616

Separate account assets
 
$
101,714

 
$
1,580

 
$
3,233

 
$

 
$
106,527

Separate account liabilities
 
$
101,714

 
$
1,580

 
$
3,233

 
$

 
$
106,527

 
 
Operating Results
Year Ended December 31, 2014
 
Annuities
 
Life
 
Run-off
 
Corporate
& Other
 
Total
 
 
(In millions)
Pre-tax operating earnings
 
$
1,182

 
$
(7
)
 
$
824

 
$
(16
)
 
$
1,983

Provision for income tax expense (benefit)
 
281

 
(4
)
 
283

 
(21
)
 
539

Operating earnings
 
$
901

 
$
(3
)
 
$
541

 
$
5

 
1,444

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(489
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
294

Other adjustments to net income
 
 
 
 
 
 
 
 
 
(720
)
Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
278

Net income (loss)
 
 
 
 
 
 
 
 
 
$
807

 
 
 
 
 
 
 
 
 
 
 
Inter-segment revenues
 
$
849

 
$
(575
)
 
$
23

 
$
36

 
 
Interest revenue
 
$
1,119

 
$
359

 
$
1,518

 
$
66

 
 
Interest expense
 
$

 
$
5

 
$
60

 
$
68