XML 153 R80.htm IDEA: XBRL DOCUMENT v3.8.0.1
FAIR VALUE MEASUREMENTS (Details - Quantitative Information about Level 3 Fair Value Measurements, Liabilities) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
GMWB | Level 3    
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]    
Fair value $ 1,994 $ 1,777
GMWB | Discounted cash flow | Minimum | Level 3    
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]    
Equity volatility 6.45% 13.00%
Base lapse rates 0.35% 0.50%
Dynamic lapse rates 30.00% 30.00%
Utilization rates 90.00% 100.00%
Mortality multiplier 40.00% 42.00%
Equity/Interest-rate Correlation 20.00% 20.00%
GMWB | Discounted cash flow | Maximum | Level 3    
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]    
Equity volatility 51.25% 50.00%
Base lapse rates 14.00% 20.00%
Dynamic lapse rates 170.00% 170.00%
Utilization rates 100.00% 100.00%
Mortality multiplier 153.00% 161.00%
Equity/Interest-rate Correlation 40.00% 40.00%
Index Annuities | Level 3    
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]    
Fair value $ 1,603 $ 859
Index Annuities | Discounted cash flow | Minimum | Level 3    
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]    
Lapse rates 0.50% 1.00%
Mortality multiplier 42.00% 101.00%
Options Budget 1.00% 1.00%
Index Annuities | Discounted cash flow | Maximum | Level 3    
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]    
Lapse rates 40.00% 66.00%
Mortality multiplier 162.00% 103.00%
Options Budget 4.00% 4.00%
Index Life | Level 3    
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]    
Fair value $ 515 $ 381
Index Life | Discounted cash flow | Minimum | Level 3    
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]    
Base lapse rates 2.00% 2.00%
Mortality rates 0.00% 0.00%
Index Life | Discounted cash flow | Maximum | Level 3    
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]    
Base lapse rates 19.00% 19.00%
Mortality rates 40.00% 40.00%
GMWB and GMAB    
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]    
Change in equity volatilities assumption $ 0  
Change in equity/interest rate correlation assumption $ 0