Variable Annuity and Insurance Guarantees (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of variable annuity guarantees [Table Text Block]

The following table provides information related to variable annuity guarantees for which the Company has established additional liabilities:



Variable Annuity Guarantees by Benefit Type⁽¹⁾	December 31, 2016							December 31, 2015
Variable Annuity Guarantees by Benefit Type⁽¹⁾	Total Contract Value		Contract Value in Separate Accounts		Net Amount at Risk		Weighted Average Attained Age	Total Contract Value		Contract Value in Separate Accounts		Net Amount at Risk		Weighted Average Attained Age
	(in millions, except age)
GMDB:
Return of premium	$	56,143	$	54,145	$	208	65	$	54,716	$	52,871	$	297	65
Five/six-year reset	8,878		6,170		22		66	9,307		6,731		78		65
One-year ratchet	6,426		6,050		110		68	6,747		6,379		266		67
Five-year ratchet	1,542		1,483		7		64	1,613		1,556		20		63
Other	965		942		86		71	887		869		82		71
Total — GMDB	$	73,954	$	68,790	$	433	65	$	73,270	$	68,406	$	743	65

GGU death benefit	$	1,047	$	996	$	108	68	$	1,056	$	1,004	$	113	67

GMIB	$	245	$	227	$	13	68	$	270	$	251	$	17	68

GMWB:
GMWB	$	2,650	$	2,642	$	2	70	$	3,118	$	3,109	$	2	69
GMWB for life	39,436		39,282		495		66	37,301		37,179		330		66
Total — GMWB	$	42,086	$	41,924	$	497	66	$	40,419	$	40,288	$	332	66

GMAB	$	3,484	$	3,476	$	21	59	$	4,018	$	4,006	$	31	58

⁽¹⁾ Individual variable annuity contracts may have more than one guarantee and therefore may be included in more than one benefit type. Variable annuity contracts for which the death benefit equals the account value are not shown in this table.

Schedule of net amount at risk UL secondary guarantees [Table Text Block]

The following table provides information related to insurance guarantees for which the Company has established additional liabilities:



	December 31, 2016			December 31, 2015
	Net Amount at Risk		Weighted Average Attained Age	Net Amount at Risk		Weighted Average Attained Age
	(in millions, except age)
UL secondary guarantees	$	6,376	64	$	6,601	63

Schedule of changes in additional liabilities for variable annuity and insurance guarantees [Table Text Block]

Changes in additional liabilities (contra liabilities) for variable annuity and insurance guarantees were as follows:



	GMDB & GGU			GMIB			GMWB⁽¹⁾			GMAB⁽¹⁾			UL
	(in millions)
Balance at January 1, 2014	$	4		$	6		$	(383	)	$	(62	)	$	206
Incurred claims	9			1			1,076			21			75
Paid claims	(4		)	—			—			—			(18		)
Balance at December 31, 2014	9			7			693			(41		)	263
Incurred claims	10			1			364			41			92
Paid claims	(5		)	—			—			—			(23		)
Balance at December 31, 2015	14			8			1,057			—			332
Incurred claims	11			1			(40		)	(23		)	127
Paid claims	(9		)	(1		)	—			(1		)	(25		)
Balance at December 31, 2016	$	16		$	8		$	1,017		$	(24	)	$	434

⁽¹⁾ The incurred claims for GMWB and GMAB represent the change in the fair value of the liabilities (contra liabilities) less paid claims.

Schedule of separate account balances by asset type [Table Text Block]

The following table summarizes the distribution of separate account balances by asset type for variable annuity contracts providing guaranteed benefits:



	December 31,
	2016		2015
	(in millions)
Mutual funds:
Equity	$	40,622	$	39,806
Bond	23,142		23,700
Other	5,326		5,241
Total mutual funds	$	69,090	$	68,747