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Summary of Operating Results of Discontinued Operations (Detail) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:                      
Premiums                 $ 4,579 $ 4,700 $ 4,516
Net investment income                 3,138 3,142 3,155
Net investment gains (losses)                 (75) (22) (64)
Policy fees and other income                 906 909 1,018
Benefits and expenses:                      
Benefits and other changes in policy reserves                 5,149 6,418 4,737
Total benefits and expenses $ 2,359 [1] $ 2,451 [1] $ 1,912 [1] $ 1,841 [1] $ 3,153 [2] $ 3,170 [2] $ 1,886 [2] $ 1,819 [2] 8,563 10,028 7,632
Income (loss) from discontinued operations, net of taxes (73) [3] $ (21) [3] $ (314) [3] $ 1 [3] $ 138 $ 6 $ 4 $ 9 (407) 157 34
Wealth Management Business                      
Revenues:                      
Policy fees and other income                     211
Total revenues                     211
Benefits and expenses:                      
Acquisition and operating expenses                     178
Amortization of deferred acquisition costs and intangibles                     4
Total benefits and expenses                     182
Income (loss) before income taxes and loss on sale                     29
Provision (benefit) for income taxes                     12
Income (loss) before loss on sale                     17
Loss on sale, net of taxes                     (29)
Goodwill impairment and other loss from sale, net of taxes                     (29)
Income (loss) from discontinued operations, net of taxes                     (12)
Lifestyle Protection Insurance                      
Benefits and expenses:                      
Loss on sale, net of taxes $ (63)                    
Assets Held For Sale Discontinued Operations | Lifestyle Protection Insurance                      
Revenues:                      
Premiums                 627 731 632
Net investment income                 74 100 116
Net investment gains (losses)                   2 27
Policy fees and other income                   3 3
Total revenues                 701 836 778
Benefits and expenses:                      
Benefits and other changes in policy reserves                 182 202 158
Acquisition and operating expenses                 396 447 415
Amortization of deferred acquisition costs and intangibles                 83 118 106
Interest expense                 29 46 42
Total benefits and expenses                 690 813 721
Income (loss) before income taxes and loss on sale                 11 23 57
Provision (benefit) for income taxes                 37 (134) 11
Income (loss) before loss on sale                 (26) 157 46
Loss on sale, net of taxes                 (381)    
Income (loss) from discontinued operations, net of taxes                 $ (407) $ 157 $ 46
[1] We completed our annual review of assumptions in the fourth quarter of 2015, which primarily resulted in $310 million of charges, which included $60 million of corrections related to reinsurance inputs, in our universal and term universal life insurance products. The updated assumptions reflected changes to persistency, long-term interest rates, mortality and other refinements. We also recorded an expected loss of $140 million related to the planned sale of our mortgage insurance business in Europe in the fourth quarter of 2015.
[2] During the fourth quarter of 2014, we completed our annual loss recognition testing of our long-term care insurance business which resulted in additional expenses of $735 million. During the fourth quarter of 2014, we also recorded goodwill impairments of $299 million in our U.S. Life Insurance segment. In the fourth quarter of 2014, we recorded a correction of $49 million in our life insurance business related to reserves on a reinsurance transaction. Our long-term care insurance claim reserves also increased in the fourth quarter of 2014 as a result of a $67 million unfavorable correction related to claims in course of settlement arising in connection with the implementation of our updated assumptions and methodologies as part of our comprehensive claims review completed in the third quarter of 2014, partially offset by a $43 million favorable refinement of assumptions for claim termination rates.
[3] We completed the sale of our lifestyle protection insurance business on December 1, 2015 and recorded an additional loss of $63 million, net of taxes, in the fourth quarter of 2015. The additional loss in the fourth quarter of 2015 was primarily related to the write off of currency translation adjustments on a holding company that was not part of the sale but related to our lifestyle protection insurance business that was substantially liquidated after the completion of the sale.