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Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Information [Abstract]  
Reconciliation Of Revenue From Segments To Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

2015

 

2014

 

2013

 

Revenues

 

 

 

 

 

 

 

 

 

Operating revenues:

 

 

 

 

 

 

 

 

 

Annuities

$

4,120

 

$

3,746

 

$

3,321

 

Retirement Plan Services

 

1,101

 

 

1,090

 

 

1,071

 

Life Insurance

 

5,948

 

 

6,003

 

 

5,170

 

Group Protection

 

2,357

 

 

2,445

 

 

2,260

 

Other Operations

 

374

 

 

432

 

 

417

 

Excluded realized gain (loss), pre-tax

 

(329

)

 

(165

)

 

(274

)

Amortization of deferred gain arising from reserve changes on business

 

 

 

 

 

 

 

 

 

sold through reinsurance, pre-tax

 

3

 

 

3

 

 

3

 

Amortization of DFEL associated with benefit ratio unlocking, pre-tax

 

(2

)

 

 -

 

 

1

 

Total revenues

$

13,572

 

$

13,554

 

$

11,969

 

 

Reconciliation Of Income (Loss) From Operations By Segment To Consolidated Net Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

2015

 

2014

 

2013

 

Net Income (Loss)

 

 

 

 

 

 

 

 

 

Income (loss) from operations:

 

 

 

 

 

 

 

 

 

Annuities

$

996

 

$

925

 

$

750

 

Retirement Plan Services

 

140

 

 

160

 

 

141

 

Life Insurance

 

370

 

 

612

 

 

544

 

Group Protection

 

43

 

 

23

 

 

71

 

Other Operations

 

(154

)

 

(109

)

 

(122

)

Excluded realized gain (loss), after-tax

 

(214

)

 

(106

)

 

(178

)

Income (loss) from reserve changes (net of related amortization)

 

 

 

 

 

 

 

 

 

on business sold through reinsurance, after-tax

 

2

 

 

2

 

 

2

 

Benefit ratio unlocking, after-tax

 

(29

)

 

7

 

 

36

 

Income (loss) from continuing operations, after-tax

 

1,154

 

 

1,514

 

 

1,244

 

Income (loss) from discontinued operations, after-tax

 

 -

 

 

1

 

 

 -

 

Net income (loss)

$

1,154

 

$

1,515

 

$

1,244

 

 

Reconciliation of Net Investment Income From Segments to Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

2015

 

2014

 

2013

 

Net Investment Income

 

 

 

 

 

 

 

 

 

Annuities

$

1,004 

 

$

1,033 

 

$

1,044 

 

Retirement Plan Services

 

846 

 

 

831 

 

 

827 

 

Life Insurance

 

2,541 

 

 

2,529 

 

 

2,452 

 

Group Protection

 

184 

 

 

180 

 

 

165 

 

Other Operations

 

252 

 

 

286 

 

 

266 

 

Total net investment income

$

4,827 

 

$

4,859 

 

$

4,754 

 

 

Reconciliation of DAC VOBA Amortization From Segments to Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

2015

 

2014

 

2013

 

Amortization of DAC and VOBA, Net of Interest

 

 

 

 

 

 

 

 

 

Annuities

$

342 

 

$

362 

 

$

383 

 

Retirement Plan Services

 

30 

 

 

37 

 

 

48 

 

Life Insurance

 

831 

 

 

655 

 

 

447 

 

Group Protection

 

80 

 

 

57 

 

 

53 

 

Total amortization of DAC and VOBA, net of interest

$

1,283 

 

$

1,111 

 

$

931 

 

 

Reconciliation of federal income tax expense (benefit) from segments to consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

2015

 

2014

 

2013

 

Federal Income Tax Expense (Benefit)

 

 

 

 

 

 

 

 

 

Annuities

$

262

 

$

238

 

$

177

 

Retirement Plan Services

 

49

 

 

51

 

 

49

 

Life Insurance

 

159

 

 

295

 

 

268

 

Group Protection

 

23

 

 

12

 

 

38

 

Other Operations

 

(86

)

 

(57

)

 

(71

)

Excluded realized gain (loss)

 

(116

)

 

(60

)

 

(95

)

Reserve changes (net of related amortization)

 

 

 

 

 

 

 

 

 

on business sold through reinsurance

 

1

 

 

1

 

 

1

 

Benefit ratio unlocking

 

(16

)

 

3

 

 

20

 

Total federal income tax expense (benefit)

$

276

 

$

483

 

$

387

 

 

Reconciliation of assets from segments to consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

2015

 

2014

 

Assets

 

 

 

 

 

 

Annuities

$

130,641 

 

$

130,316 

 

Retirement Plan Services

 

32,649 

 

 

33,678 

 

Life Insurance

 

71,062 

 

 

70,493 

 

Group Protection

 

4,182 

 

 

4,238 

 

Other Operations

 

13,403 

 

 

14,652 

 

Total assets

$

251,937 

 

$

253,377