Variable Annuity and Insurance Guarantees (Tables)

9 Months Ended

Sep. 30, 2019

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⁾	September 30, 2019							December 31, 2018
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	$	60,653	$	58,705	$	17	67	$	55,810	$	53,872	$	417	67
Five/six-year reset	7,835		5,108		11		67	7,670		4,941		112		67
One-year ratchet	5,806		5,466		24		70	5,560		5,210		417		70
Five-year ratchet	1,365		1,310		1		66	1,307		1,251		23		66
Other	1,144		1,125		81		73	1,033		1,014		148		72
Total — GMDB	$	76,803	$	71,714	$	134	67	$	71,380	$	66,288	$	1,117	67

GGU death benefit	$	1,071	$	1,018	$	121	71	$	992	$	940	$	112	70

GMIB	$	182	$	167	$	8	70	$	180	$	164	$	12	69

GMWB:
GMWB	$	1,989	$	1,983	$	1	73	$	1,990	$	1,984	$	3	72
GMWB for life	44,997		44,888		374		68	40,966		40,876		742		68
Total — GMWB	$	46,986	$	46,871	$	375	68	$	42,956	$	42,860	$	745	68


GMAB	$	2,494	$	2,490	$	1	60	$	2,456	$	2,450	$	24	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:



	September 30, 2019			December 31, 2018
	Net Amount at Risk		Weighted Average Attained Age	Net Amount at Risk		Weighted Average Attained Age
	(in millions, except age)
UL secondary guarantees	$	6,531	66	$	6,513	66

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, 2018	$	17		$	6		$	463		$	(80	)	$	489
Incurred claims	5			—			(588		)	(3		)	171
Paid claims	(4		)	—			—			—			(19		)
Balance at September 30, 2018	$	18		$	6		$	(125	)	$	(83	)	$	641

Balance at January 1, 2019	$	19		$	8		$	875		$	(19	)	$	659
Incurred claims	—			(1		)	1,245			—			110
Paid claims	(4		)	—			—			—			(34		)
Balance at September 30, 2019	$	15		$	7		$	2,120		$	(19	)	$	735

⁽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:



	September 30, 2019		December 31, 2018
	(in millions)
Mutual funds:
Equity	$	42,770	$	39,764
Bond	23,235		21,190
Other	5,944		5,568
Total mutual funds	$	71,949	$	66,522