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Reinsurance (Tables)
12 Months Ended
Dec. 31, 2014
Reinsurance Disclosure [Line Items]  
Effects of reinsurance
The amounts in the consolidated statements of operations include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows:
 
Years Ended December 31,
 
2014
 
2013
 
2012
 
(In millions)
Premiums
 
 
 
 
 
Direct premiums
$
20,963

 
$
20,290

 
$
19,821

Reinsurance assumed
1,673

 
1,469

 
1,350

Reinsurance ceded
(1,252
)
 
(1,284
)
 
(1,291
)
Net premiums
$
21,384

 
$
20,475

 
$
19,880

Universal life and investment-type product policy fees
 
 
 
 
 
Direct universal life and investment-type product policy fees
$
3,029

 
$
2,913

 
$
2,763

Reinsurance assumed
48

 
41

 
39

Reinsurance ceded
(611
)
 
(591
)
 
(563
)
Net universal life and investment-type product policy fees
$
2,466

 
$
2,363

 
$
2,239

Other revenues
 
 
 
 
 
Direct other revenues
$
1,040

 
$
970

 
$
887

Reinsurance assumed
2

 
(2
)
 
(6
)
Reinsurance ceded
766

 
731

 
849

Net other revenues
$
1,808

 
$
1,699

 
$
1,730

Policyholder benefits and claims
 
 
 
 
 
Direct policyholder benefits and claims
$
23,978

 
$
23,305

 
$
22,677

Reinsurance assumed
1,416

 
1,225

 
1,208

Reinsurance ceded
(1,539
)
 
(1,498
)
 
(1,616
)
Net policyholder benefits and claims
$
23,855

 
$
23,032

 
$
22,269

Interest credited to policyholder account balances
 
 
 
 
 
Direct interest credited to policyholder account balances
$
2,227

 
$
2,322

 
$
2,455

Reinsurance assumed
35

 
35

 
33

Reinsurance ceded
(88
)
 
(104
)
 
(98
)
  Net interest credited to policyholder account balances
$
2,174


$
2,253


$
2,390

Other expenses
 
 
 
 
 
Direct other expenses
$
5,132

 
$
5,028

 
$
5,328

Reinsurance assumed
399

 
427

 
479

Reinsurance ceded
540

 
533

 
587

Net other expenses
$
6,071

 
$
5,988

 
$
6,394

The amounts in the consolidated balance sheets include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows at:
 
December 31,
 
2014
 
2013
 
Direct
 
Assumed
 
Ceded
 
Total
Balance
Sheet
 
Direct
 
Assumed
 
Ceded
 
Total
Balance
Sheet
 
(In millions)
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums, reinsurance and other receivables
$
1,711

 
$
649

 
$
21,079

 
$
23,439

 
$
1,700

 
$
527

 
$
21,410

 
$
23,637

Deferred policy acquisition costs and value of business acquired
6,002

 
391

 
(418
)
 
5,975

 
6,567

 
330

 
(481
)
 
6,416

Total assets
$
7,713

 
$
1,040

 
$
20,661

 
$
29,414

 
$
8,267

 
$
857

 
$
20,929

 
$
30,053

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Future policy benefits
$
115,143

 
$
2,259

 
$
—

 
$
117,402

 
$
110,072

 
$
1,891

 
$
—

 
$
111,963

Policyholder account balances
95,601

 
301

 
—

 
95,902

 
92,246

 
252

 
—

 
92,498

Other policy-related balances
5,353

 
455

 
32

 
5,840

 
5,416

 
294

 
(39
)
 
5,671

Other liabilities
10,350

 
7,020

 
16,077

 
33,447

 
8,690

 
7,046

 
16,444

 
32,180

Total liabilities
$
226,447

 
$
10,035

 
$
16,109

 
$
252,591

 
$
216,424

 
$
9,483

 
$
16,405

 
$
242,312

Affiliated Entity [Member]  
Reinsurance Disclosure [Line Items]  
Effects of reinsurance
Information regarding the significant effects of affiliated reinsurance included in the consolidated statements of operations was as follows:
 
Years Ended December 31,
 
2014
 
2013
 
2012
 
(In millions)
Premiums
 
 
 
 
 
Reinsurance assumed
$
681

 
$
451

 
$
319

Reinsurance ceded
(36
)
 
(45
)
 
(54
)
Net premiums
$
645

 
$
406

 
$
265

Universal life and investment-type product policy fees
 
 
 
 
 
Reinsurance assumed
$
48

 
$
40

 
$
39

Reinsurance ceded
(240
)
 
(221
)
 
(216
)
Net universal life and investment-type product policy fees
$
(192
)
 
$
(181
)
 
$
(177
)
Other revenues
 
 
 
 
 
Reinsurance assumed
$
2

 
$
(2
)
 
$
(6
)
Reinsurance ceded
713

 
675

 
790

Net other revenues
$
715

 
$
673

 
$
784

Policyholder benefits and claims
 
 
 
 
 
Reinsurance assumed
$
623

 
$
402

 
$
334

Reinsurance ceded
(197
)
 
(144
)
 
(177
)
Net policyholder benefits and claims
$
426

 
$
258

 
$
157

Interest credited to policyholder account balances
 
 
 
 
 
Reinsurance assumed
$
33

 
$
31

 
$
30

Reinsurance ceded
(88
)
 
(102
)
 
(98
)
Net interest credited to policyholder account balances
$
(55
)
 
$
(71
)
 
$
(68
)
Other expenses
 
 
 
 
 
Reinsurance assumed
$
298

 
$
326

 
$
357

Reinsurance ceded
680

 
653

 
789

Net other expenses
$
978

 
$
979

 
$
1,146

Information regarding the significant effects of affiliated reinsurance included in the consolidated balance sheets was as follows at:
 
December 31,
 
2014
 
2013
 
 
Assumed
 
Ceded
 
Assumed
 
Ceded
 
(In millions)
Assets
 
 
 
 
 
 
 
 
Premiums, reinsurance and other receivables
 
$
257

 
$
15,453

 
$
109

 
$
15,748

Deferred policy acquisition costs and value of business acquired
 
370

 
(231
)
 
309

 
(273
)
Total assets
 
$
627

 
$
15,222

 
$
418

 
$
15,475

Liabilities
 
 
 
 
 
 
 
 
Future policy benefits
 
$
1,146

 
$
—

 
$
761

 
$
—

Policyholder account balances
 
288

 
—

 
239

 
—

Other policy-related balances
 
264

 
32

 
67

 
(39
)
Other liabilities
 
6,610

 
13,545

 
6,606

 
14,044

Total liabilities
 
$
8,308

 
$
13,577

 
$
7,673

 
$
14,005