XML 48 R29.htm IDEA: XBRL DOCUMENT v3.2.0.727
Reinsurance (Tables)
6 Months Ended
Jun. 30, 2015
Effects Of Reinsurance [Line Items]  
Effects of Reinsurance
 Three Months EndedSix Months Ended
 June 30,June 30,
(In millions)2015201420152014
Ceded premiums        
Individual life insurance and annuity business sold$ 42$ 44$ 83$ 89
Other  104  84  193  180
Total$ 146$ 128$ 276$ 269
Reinsurance recoveries        
Individual life insurance and annuity business sold$ 61$ 69$ 147$ 168
Other  127  88  200  170
Total$ 188$ 157$ 347$ 338
Reinsurance Recoverables [Text Block]
           
   June 30, December 31, Collateral and Other Terms 
Line of Business Reinsurer(s)2015 2014 at June 30, 2015 
(In millions)          
GMDB Berkshire$ 1,105 $ 1,147 100% secured by assets in a trust. 
           
  Other  38   39 99% secured by assets in a trust or letter of credit. 
           
Individual Life and Annuity (sold in 1998) Lincoln National Life and Lincoln Life &Annuity of New York  3,748   3,817 Both companies' ratings are sufficient to avoid triggering a contractual obligation to fully secure the outstanding balance. 
           
Retirement Benefits Business (sold in 2004) Prudential Retirement Insurance and Annuity  1,050   1,092 100% secured by assets in a trust. 
           
Supplemental Benefits Business (2012 acquisition) Great American Life  326   336 100% secured by assets in a trust. 
           
Global Health Care, Global Supplemental Benefits, Group Disability and Life Various  667   561 Recoverables from approximately 80 reinsurers, including the U.S. Government, used in the ordinary course of business. Balances range from less than $1 million up to $277 million, with 9% secured by assets in trusts or letters of credit.  
Other run-off reinsurance Various  87   88 99% of this balance is secured by assets in trusts. 
Total reinsurance recoverables$ 7,021 $ 7,080   
           
           
Variable Annuity [Member] | Guaranteed Minimum Death Benefit [Member]  
Effects Of Reinsurance [Line Items]  
GMDB reserve activity table
 For the period ended
 June 30,December 31,
(In millions)20152014
Balance at January 1$ 1,270$ 1,396
Add: Unpaid claims  16  18
Less: Reinsurance and other amounts recoverable  1,186  1,317
Balance at January 1, net  100  97
Add: Incurred benefits  1  3
Less: Paid benefits  (1)  -
Ending balance, net  102  100
Less: Unpaid claims  16  16
Add: Reinsurance and other amounts recoverable  1,143  1,186
Ending balance$ 1,229$ 1,270