XML 64 R54.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Financial Instruments (Details)
9 Months Ended
Sep. 30, 2016
USD ($)
contract
Dec. 31, 2015
USD ($)
contract
shares
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Assumed recoveries under sale of credit protection $ 0  
Cash and securities pledged in the form of margin deposits 23,000,000  
Derivatives, Fair Value    
Total asset derivatives, Notional amount 542,000,000 $ 1,568,000,000
Total liability derivatives, Notional amount 3,573,000,000 3,409,000,000
Total derivatives, Notional amount $ 4,115,000,000 $ 4,977,000,000
Total asset derivatives, Number of contracts | contract 5,083 5,627
Total liability derivatives, Number of contracts | contract 7,016 4,406
Total derivatives, Number of contracts | contract 12,099 10,033
Derivative assets net amount on balance sheet $ 68,000,000 $ 61,000,000
Asset derivatives gross amount 89,000,000 63,000,000
Asset derivatives, gross liability (21,000,000) (2,000,000)
Derivative liabilities net amount on balance sheet (351,000,000) (323,000,000)
Total derivatives, Fair value, net (283,000,000) (262,000,000)
Liability derivatives, gross asset 6,000,000 6,000,000
Liability derivatives, Gross liability (357,000,000) $ (329,000,000)
Number of stock rights and warrants held by the company related to derivative contracts (in shares) | shares   220
Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 542,000,000 $ 1,523,000,000
Total liability derivatives, Notional amount $ 3,524,000,000 $ 3,390,000,000
Total asset derivatives, Number of contracts | contract 5,083 5,627
Total liability derivatives, Number of contracts | contract 7,016 4,406
Derivative assets net amount on balance sheet $ 68,000,000 $ 55,000,000
Asset derivatives gross amount 89,000,000 57,000,000
Asset derivatives, gross liability (21,000,000) (2,000,000)
Derivative liabilities net amount on balance sheet (355,000,000) (327,000,000)
Liability derivatives, gross asset 2,000,000 2,000,000
Liability derivatives, Gross liability (357,000,000) (329,000,000)
Foreign currency swap agreements | Other investments | Derivatives designated as accounting hedging instruments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount   45,000,000
Derivative assets net amount on balance sheet   6,000,000
Asset derivatives gross amount   6,000,000
Asset derivatives, gross liability   0
Foreign currency swap agreements | Other liabilities & accrued expenses | Derivatives designated as accounting hedging instruments    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 49,000,000 19,000,000
Derivative liabilities net amount on balance sheet 4,000,000 4,000,000
Liability derivatives, gross asset 4,000,000 4,000,000
Liability derivatives, Gross liability 0 0
Interest rate swap agreements | Other liabilities & accrued expenses | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 85,000,000 85,000,000
Derivative liabilities net amount on balance sheet 0 0
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability 0 0
Interest rate cap agreements | Other investments | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 23,000,000 42,000,000
Derivative assets net amount on balance sheet 0 0
Asset derivatives gross amount 0 0
Asset derivatives, gross liability 0 0
Interest rate cap agreements | Other liabilities & accrued expenses | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 44,000,000 72,000,000
Derivative liabilities net amount on balance sheet 1,000,000 1,000,000
Liability derivatives, gross asset 1,000,000 1,000,000
Liability derivatives, Gross liability 0 0
Options | Other investments | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount $ 0 $ 0
Total asset derivatives, Number of contracts | contract 4,246 3,730
Derivative assets net amount on balance sheet $ 84,000,000 $ 44,000,000
Asset derivatives gross amount 84,000,000 44,000,000
Asset derivatives, gross liability 0 0
Options and futures | Other liabilities & accrued expenses | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total liability derivatives, Notional amount $ 0 $ 0
Total liability derivatives, Number of contracts | contract 7,016 4,406
Derivative liabilities net amount on balance sheet $ (28,000,000) $ (7,000,000)
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability (28,000,000) (7,000,000)
Financial futures contracts | Other assets | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount $ 0 $ 0
Total asset derivatives, Number of contracts | contract 837 1,897
Derivative assets net amount on balance sheet $ 1,000,000 $ 2,000,000
Asset derivatives gross amount 1,000,000 2,000,000
Asset derivatives, gross liability 0 0
Foreign currency forwards | Other investments | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 347,000,000 185,000,000
Derivative assets net amount on balance sheet (19,000,000) 1,000,000
Asset derivatives gross amount 1,000,000 2,000,000
Asset derivatives, gross liability (20,000,000) (1,000,000)
Foreign currency forwards | Other liabilities & accrued expenses | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 352,000,000 361,000,000
Derivative liabilities net amount on balance sheet (4,000,000) (12,000,000)
Liability derivatives, gross asset 1,000,000 1,000,000
Liability derivatives, Gross liability (5,000,000) (13,000,000)
Guaranteed accumulation benefits | Contractholder funds | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 420,000,000 481,000,000
Derivative liabilities net amount on balance sheet (38,000,000) (38,000,000)
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability (38,000,000) (38,000,000)
Guaranteed withdrawal benefits | Contractholder funds | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 299,000,000 332,000,000
Derivative liabilities net amount on balance sheet (13,000,000) (14,000,000)
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability (13,000,000) (14,000,000)
Equity-indexed and forward starting options in life and annuity product contracts | Contractholder funds | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 1,750,000,000 1,781,000,000
Derivative liabilities net amount on balance sheet (256,000,000) (247,000,000)
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability (256,000,000) (247,000,000)
Other embedded derivative financial instruments | Other investments | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount   1,000,000,000
Derivative assets net amount on balance sheet   0
Asset derivatives gross amount   0
Asset derivatives, gross liability   0
Other embedded derivative financial instruments | Contractholder funds | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 85,000,000 85,000,000
Derivative liabilities net amount on balance sheet 0 0
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability 0 0
Credit default swaps – buying protection | Other investments | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 49,000,000 112,000,000
Derivative assets net amount on balance sheet (1,000,000) 4,000,000
Asset derivatives gross amount 0 5,000,000
Asset derivatives, gross liability (1,000,000) (1,000,000)
Credit default swaps – buying protection | Other liabilities & accrued expenses | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 364,000,000 88,000,000
Derivative liabilities net amount on balance sheet (13,000,000) (2,000,000)
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability (13,000,000) (2,000,000)
Credit default swaps – selling protection | Other investments | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 120,000,000 150,000,000
Derivative assets net amount on balance sheet 2,000,000 2,000,000
Asset derivatives gross amount 2,000,000 2,000,000
Asset derivatives, gross liability 0 0
Credit default swaps – selling protection | Other liabilities & accrued expenses | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total liability derivatives, Notional amount 125,000,000 105,000,000
Derivative liabilities net amount on balance sheet (4,000,000) (8,000,000)
Liability derivatives, gross asset 0 0
Liability derivatives, Gross liability (4,000,000) (8,000,000)
Other contracts | Other investments | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount   31,000,000
Derivative assets net amount on balance sheet   1,000,000
Asset derivatives gross amount   1,000,000
Asset derivatives, gross liability   0
Other contracts | Other assets | Derivatives not designated as accounting hedging instruments    
Derivatives, Fair Value    
Total asset derivatives, Notional amount 3,000,000 3,000,000
Derivative assets net amount on balance sheet 1,000,000 1,000,000
Asset derivatives gross amount 1,000,000 1,000,000
Asset derivatives, gross liability $ 0 $ 0