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Reinsurance (Tables)
12 Months Ended
Dec. 31, 2017
Insurance [Abstract]  
Ceded Credit Risk [Table Text Block]
Ceded Reinsurance Transactions—The following summarizes our reinsurance recoverable from the following:
 
December 31,
(In millions)
2017
 
2016
Global Atlantic
$
3,128

 
$
3,914

Protective
1,693

 
1,723

Other1
151

 
364

Reinsurance recoverable
$
4,972

 
$
6,001

 
 
 
 
1Represents all other reinsurers, with no single reinsurer having a carrying value in excess of 5% of total recoverable.
Schedule of Novated Balances [Table Text Block]
During the years ended December 31, 2017 and 2016, we novated certain open blocks of business ceded to Global Atlantic, in accordance with the terms of the coinsurance and assumption agreement. The following summarizes the decreases in amounts on the consolidated balance sheets as a result of the novations:
 
Years ended December 31,
(In millions)
2017
 
2016
Interest sensitive contract liabilities
$
945

 
$
1,006

Future policy benefits
190

 
188

Policy loans
34

 
33

Reinsurance recoverable
1,101

 
1,161

Effects of Reinsurance [Table Text Block]
The following summarizes the effect of reinsurance on premiums and future policy and other policy benefits on the consolidated statements of income:
 
Years ended December 31,
(In millions)
2017
 
2016
 
2015
Premiums
 
 
 
 
 
Direct
$
2,639

 
$
448

 
$
445

Reinsurance assumed
21

 
20

 
24

Reinsurance ceded
(195
)
 
(228
)
 
(274
)
Total premiums
$
2,465

 
$
240

 
$
195

 
 
 
 
 
 
Future policy and other policy benefits
 
 
 
 
 
Direct
$
3,350

 
$
1,434

 
$
1,030

Reinsurance assumed
37

 
82

 
42

Reinsurance ceded
(224
)
 
(457
)
 
(554
)
Total future policy and other policy benefits
$
3,163

 
$
1,059

 
$
518