Variable Annuity and Insurance Guarantees (Tables)

6 Months Ended

Jun. 30, 2018

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⁾	June 30, 2018							December 31, 2017
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	$	60,264	$	58,324	$	31	67	$	61,418	$	59,461	$	9	66
Five/six-year reset	8,478		5,760		16		66	8,870		6,149		12		66
One-year ratchet	6,212		5,857		48		69	6,548		6,187		11		69
Five-year ratchet	1,472		1,415		2		65	1,563		1,506		1		65
Other	1,098		1,078		68		72	1,099		1,075		50		72
Total — GMDB	$	77,524	$	72,434	$	165	67	$	79,498	$	74,378	$	83	66

GGU death benefit	$	1,092	$	1,041	$	125	70	$	1,118	$	1,067	$	133	70

GMIB	$	213	$	196	$	8	69	$	233	$	216	$	7	69

GMWB:
GMWB	$	2,295	$	2,288	$	1	72	$	2,508	$	2,500	$	1	71
GMWB for life	43,883		43,781		238		67	44,375		44,259		129		67
Total — GMWB	$	46,178	$	46,069	$	239	67	$	46,883	$	46,759	$	130	67

GMAB	$	2,793	$	2,789	$	2	59	$	3,086	$	3,083	$	—	59


⁽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 of Risk UL Secondary Guarantees [Table Text Block]

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



	June 30, 2018			December 31, 2017
	Net Amount at Risk		Weighted Average Attained Age	Net Amount at Risk		Weighted Average Attained Age
	(in millions, except age)
UL secondary guarantees	$	6,489	65	$	6,460	65

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, 2017	$	16		$	8		$	1,017		$	(24	)	$	434
Incurred claims	1			—			(278		)	(33		)	52
Paid claims	(1		)	(1		)	—			—			(16		)
Balance at June 30, 2017	$	16		$	7		$	739		$	(57	)	$	470

Balance at January 1, 2018	$	17		$	6		$	463		$	(80	)	$	489
Incurred claims	3			—			(335		)	5			53
Paid claims	(3		)	—			—			—			(13		)
Balance at June 30, 2018	$	17		$	6		$	128		$	(75	)	$	529

⁽¹⁾The incurred claims for GMWB and GMAB include 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:



	June 30, 2018		December 31, 2017
	(in millions)
Mutual funds:
Equity	$	43,724	$	46,038
Bond	22,577		23,529
Other	6,401		5,109
Total mutual funds	$	72,702	$	74,676