Related Parties (Tables)

12 Months Ended

Dec. 31, 2016

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

The following summarizes the asset management fees and sub-advisory fees we have incurred related to AAM, AAME and other Apollo affiliates:

	Years ended December 31,
(In millions)	2016		2015		2014
Asset management fees	$	229	$	226	$	222
Sub-advisory fees	66		42		36

The following represents the assets sub-advised by AAME:

	December 31,
(In millions)	2016		2015
Fixed maturity securities
Foreign governments	$	2,062	$	2,349
Corporate	1,567		1,607
Equity securities	187		220
Mortgage loans	—		139
Investment funds	34		41
Policy loans	6		9
Real estate	541		566
Other investments	153		125
Cash and cash equivalents	25		—
Total assets sub-advised by AAME	$	4,575	$	5,056

The MSAA covers services rendered by Apollo-affiliated sub-advisors relating to the following investments:

	December 31,
(In millions, except for percentages)	2016			2015
Fixed maturity securities
U.S. state, municipal and political subdivisions	$	5		$	10
Foreign governments	149			107
Corporate	2,032			1,435
CLO	4,727			4,339
ABS	911			1,746
CMBS	975			1,010
RMBS	—			21
Mortgage loans	1,767			1,594
Investment funds	23			21
Trading securities	126			207
Funds withheld at interest	1,682			1,182
Other investments	81			83
Total assets sub-advised by Apollo affiliates	$	12,478		$	11,755
Percent of assets sub-advised by Apollo affiliates to total AAM-managed assets	19		%	20		%