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Investment Income (Tables)
12 Months Ended
Dec. 31, 2014
Investment Income And Gains And Losses [Abstract]  
Net Investment Income
(In millions)201420132012
Fixed maturities$ 876$ 823$ 843
Equity securities  3  6  4
Commercial mortgage loans  133  174  192
Policy loans  72  74  74
Other long-term investments  105  101  57
Short-term investments and cash  17  22  14
Total investment income  1,206  1,200  1,184
Less investment expenses  40  36  40
Net investment income$ 1,166$ 1,164$ 1,144
Realized Investment Gains and Losses
(In millions)201420132012
Fixed maturities$ 14$ 113$ 48
Equity securities  13  8  4
Commercial mortgage loans  (6)  (3)  (9)
Other investments, including derivatives  133  95  1
Realized investment gains, before income taxes  154  213  44
Less income taxes  48  72  13
Net realized investment gains$ 106$ 141$ 31
Asset write-downs and changes in valuation reserves
       
(In millions)201420132012
Credit related (1)$ (16)$ (8)$ (20)
Other   (36)  (21)  (2)
Total $ (52)$ (29)$ (22)
       
(1) Credit-related losses include other-than-temporary declines in fair value of equity securities, increases in valuation reserves on commercial mortgage loans and asset write-downs related to investments in real estate entities.
Realized investment results not reflected in the Company's revenues
(In millions)201420132012
Separate accounts$ 376$ 417$ 206
Investment gains required to adjust future policy benefits for the run-off settlement annuity business$ 86$ 9$ 21
Sales of available-for-sale fixed maturities and equity securities
(In millions)201420132012
Proceeds from sales$ 1,769$ 1,775$ 591
Gross gains on sales$ 62$ 102$ 37
Gross losses on sales$ 6$ 4$ 2