XML 71 R56.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value of Assets and Liabilities (Details 3) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period $ 842 $ 1,019 $ 735 $ 973
Total gains (losses) included in: net income 3 4 23 (14)
Total gains (losses) included in: OCI 4 4 13 21
Transfers into Level 3 0 0 60 60
Transfers out of Level 3 (173) (286) (322) (383)
Purchases 83 221 371 382
Sales (5) (21) (106) (46)
Issues 0 0 0 0
Settlements (13) (32) (33) (84)
Balance at end of period 741 909 741 909
Fair Value Liabilities Measured on Recurring Basis Unobservable Input Reconciliation Calculation        
Balance at the beginning of the period (285) (304) (290) (299)
Total gains (losses) included in: net income 9 3 6 11
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 (1) (1) (2)
Settlements 2 1 5 5
Balance at the end of the period (292) (307) (292) (307)
Fair value assets and liabilities measured on recurring basis, gain (loss) included in earnings        
Total realized and unrealized gains (losses) included in net income, recurring Level 3 assets and liabilities (6) 1 17 (25)
Free-standing derivatives 1 1 1 1
Free-standing derivatives, liabilities   4   4
Realized capital gains and losses        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Total gains (losses) included in: net income   1 7 (24)
Fair value assets and liabilities measured on recurring basis, gain (loss) included in earnings        
Change in unrealized gain (loss) (3) 1 (3) (37)
(Loss) gain reclassified from AOCI into income (net investment income)        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Total gains (losses) included in: net income 3 3 17 10
Fair value assets and liabilities measured on recurring basis, gain (loss) included in earnings        
Change in unrealized gain (loss) 3 3 17 11
Interest credited to contractholder funds        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Total gains (losses) included in: net income (5) (6) (11) (12)
Fair value assets and liabilities measured on recurring basis, gain (loss) included in earnings        
Change in unrealized gain (loss) (5) (6) (11) (12)
Life and annuity contract benefits        
Fair value assets and liabilities measured on recurring basis, gain (loss) included in earnings        
Change in unrealized gain (loss) (4) 3 4 1
Fixed income securities        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period 675 907 558 846
Total gains (losses) included in: net income 1 1 6 15
Total gains (losses) included in: OCI 3 4 9 13
Transfers into Level 3 0 0 60 60
Transfers out of Level 3 (172) (286) (318) (383)
Purchases 83 178 343 330
Sales (5) (21) (53) (46)
Issues 0 0 0 0
Settlements (13) (32) (33) (84)
Balance at end of period 572 751 572 751
U.S. government and agencies        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period       5
Total gains (losses) included in: net income       0
Total gains (losses) included in: OCI       0
Transfers into Level 3       0
Transfers out of Level 3       (4)
Purchases       0
Sales       0
Issues       0
Settlements       (1)
Balance at end of period   0   0
Municipal        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period 114 149 125 161
Total gains (losses) included in: net income 0 1 (1) 11
Total gains (losses) included in: OCI 0 (1) 6 (6)
Transfers into Level 3 0 0 0 6
Transfers out of Level 3 (4) 0 (5) 0
Purchases 1 22 6 22
Sales (3) (11) (23) (33)
Issues 0 0 0 0
Settlements (1) 0 (1) (1)
Balance at end of period 107 160 107 160
Corporate - public        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period 60 74 78 46
Total gains (losses) included in: net income 0 0 0 0
Total gains (losses) included in: OCI 0 0 0 1
Transfers into Level 3 0 0 0 25
Transfers out of Level 3 (4) (6) (20) (13)
Purchases 51 40 50 47
Sales (1) (10) 0 (6)
Issues 0 0 0 0
Settlements (2) 0 (4) (2)
Balance at end of period 104 98 104 98
Corporate - privately placed        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period 266 585 263 502
Total gains (losses) included in: net income 1 0 7 4
Total gains (losses) included in: OCI 2 2 0 15
Transfers into Level 3 0 0 30 16
Transfers out of Level 3 (34) (280) (34) (363)
Purchases 18 38 22 181
Sales (1) 0 (30) 0
Issues 0 0 0 0
Settlements (2) (29) (8) (39)
Balance at end of period 250 316 250 316
ABS - CDO        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period 91 33 27 61
Total gains (losses) included in: net income 0 0 0 0
Total gains (losses) included in: OCI 1 3 3 5
Transfers into Level 3 0 0 30 10
Transfers out of Level 3 (68) 0 (190) (3)
Purchases 0 40 160 40
Sales 0 0 0 (2)
Issues 0 0 0 0
Settlements (5) (2) (11) (37)
Balance at end of period 19 74 19 74
ABS - consumer and other        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period 120 45 42 50
Total gains (losses) included in: net income 0 0 0 0
Total gains (losses) included in: OCI 0 0 0 (2)
Transfers into Level 3 0 0 0 3
Transfers out of Level 3 (62) 0 (69) 0
Purchases 10 35 99 35
Sales 0 0 0 (5)
Issues 0 0 0 0
Settlements (2) (1) (6) (2)
Balance at end of period 66 79 66 79
Residential mortgage-backed securities (“RMBS”)        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period   1 1 1
Total gains (losses) included in: net income   0 0 0
Total gains (losses) included in: OCI   0 0 0
Transfers into Level 3   0 0 0
Transfers out of Level 3   0 0 0
Purchases   0 0 0
Sales   0 0 0
Issues   0 0 0
Settlements   0 (1) 0
Balance at end of period 0 1 0 1
Commercial mortgage-backed securities (“CMBS”)        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period 24 20 22 20
Total gains (losses) included in: net income 0 0 0 0
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Purchases 3 3 6 5
Sales 0 0 0 0
Issues 0 0 0 0
Settlements (1) 0 (2) (2)
Balance at end of period 26 23 26 23
Equity securities        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period 166 118 163 133
Total gains (losses) included in: net income 2 (1) 15 (33)
Total gains (losses) included in: OCI 1 0 4 8
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (1) 0 (4) 0
Purchases 0 43 3 52
Sales 0 0 (13) 0
Issues 0 0 0 0
Settlements 0 0 0 0
Balance at end of period 168 160 168 160
Short-term investments        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period     15  
Total gains (losses) included in: net income     0  
Total gains (losses) included in: OCI     0  
Transfers into Level 3     0  
Transfers out of Level 3     0  
Purchases     25  
Sales     (40)  
Issues     0  
Settlements     0  
Balance at end of period 0   0  
Free-standing derivatives, net        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period 1 (7) (2) (7)
Total gains (losses) included in: net income 0 4 3 4
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 0 0 0 0
Balance at end of period 1 (3) 1 (3)
Other assets        
Fair Value Assets Measured on Recurring Basis Unobservable Input Reconciliation Calculation Rollforward        
Balance at beginning of period   1 1 1
Total gains (losses) included in: net income   0 (1) 0
Total gains (losses) included in: OCI   0 0 0
Transfers into Level 3   0 0 0
Transfers out of Level 3   0 0 0
Purchases   0 0 0
Sales   0 0 0
Issues   0 0 0
Settlements   0 0 0
Balance at end of period 0 1 0 1
Derivatives embedded in life and annuity contracts        
Fair Value Liabilities Measured on Recurring Basis Unobservable Input Reconciliation Calculation        
Balance at the beginning of the period (285) (304) (290) (299)
Total gains (losses) included in: net income 9 3 6 11
Total gains (losses) included in: OCI 0 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 (1) (1) (2)
Settlements 2 1 5 5
Balance at the end of the period $ (292) $ (307) $ (292) $ (307)