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,	$	5,066		$	5,097		$	5,712
Capitalizations	330			399			376
Amortization related to:
Net investment gains (losses) and net derivative gains (losses)	1,371			163			(184		)
Other expenses	(1,076		)	(690		)	(745		)
Total amortization	295			(527		)	(929		)
Unrealized investment gains (losses)	(24		)	97			(64		)
Other	—			—			2
Balance at December 31,	5,667			5,066			5,097
VOBA
Balance at January 1,	711			763			932
Amortization related to:
Net investment gains (losses) and net derivative gains (losses)	2			(19		)	(1		)
Other expenses	(72		)	(127		)	(139		)
Total amortization	(70		)	(146		)	(140		)
Unrealized investment gains (losses)	31			94			(29		)
Balance at December 31,	672			711			763
Total DAC and VOBA
Balance at December 31,	$	6,339		$	5,777		$	5,860

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,	$	5,066		$	5,097		$	5,712
Capitalizations	330			399			376
Amortization related to:
Net investment gains (losses) and net derivative gains (losses)	1,371			163			(184		)
Other expenses	(1,076		)	(690		)	(745		)
Total amortization	295			(527		)	(929		)
Unrealized investment gains (losses)	(24		)	97			(64		)
Other	—			—			2
Balance at December 31,	5,667			5,066			5,097
VOBA
Balance at January 1,	711			763			932
Amortization related to:
Net investment gains (losses) and net derivative gains (losses)	2			(19		)	(1		)
Other expenses	(72		)	(127		)	(139		)
Total amortization	(70		)	(146		)	(140		)
Unrealized investment gains (losses)	31			94			(29		)
Balance at December 31,	672			711			763
Total DAC and VOBA
Balance at December 31,	$	6,339		$	5,777		$	5,860

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	$	4,820	$	3,724
Life	787		969
Run-off	584		974
Corporate & Other	148		110
Total	$	6,339	$	5,777

Deferred Sales Inducements

Information regarding other intangibles was as follows:

	Years Ended December 31,
	2016			2015			2014
	(In millions)
DSI
Balance at January 1,	$	515		$	566		$	669
Capitalization	3			3			5
Amortization	(83		)	(72		)	(80		)
Unrealized investment gains (losses)	(3		)	18			(28		)
Balance at December 31,	$	432		$	515		$	566
VODA and VOCRA
Balance at January 1,	$	136		$	155		$	173
Amortization	(16		)	(19		)	(18		)
Balance at December 31,	$	120		$	136		$	155
Accumulated amortization	$	140		$	124		$	105

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,	$	515		$	566		$	669
Capitalization	3			3			5
Amortization	(83		)	(72		)	(80		)
Unrealized investment gains (losses)	(3		)	18			(28		)
Balance at December 31,	$	432		$	515		$	566
VODA and VOCRA
Balance at January 1,	$	136		$	155		$	173
Amortization	(16		)	(19		)	(18		)
Balance at December 31,	$	120		$	136		$	155
Accumulated amortization	$	140		$	124		$	105

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	$	110	$	15
2018	$	94	$	14
2019	$	80	$	13
2020	$	60	$	12
2021	$	52	$	10