XML 66 R51.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements - Fair Value Measurement (Details) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Assets:    
Derivatives $ 148 $ 136
Assets held in separate accounts 73,489 73,036
Liabilities:    
Derivatives 102 85
Fixed maturities    
Assets:    
Fixed maturities, including securities pledged 24,678 25,042
U.S. Treasuries    
Assets:    
Fixed maturities, including securities pledged 552 656
U.S. government agencies and authorities    
Assets:    
Fixed maturities, including securities pledged 0 3
State, municipalities and political subdivisions    
Assets:    
Fixed maturities, including securities pledged 859 878
U.S. corporate public securities    
Assets:    
Fixed maturities, including securities pledged 8,792 9,236
U.S. corporate private securities    
Assets:    
Fixed maturities, including securities pledged 3,395 3,497
Foreign corporate public securities and foreign governments    
Assets:    
Fixed maturities, including securities pledged 2,696 2,777
Foreign corporate private securities    
Assets:    
Fixed maturities, including securities pledged 3,276 3,215
Residential mortgage-backed    
Assets:    
Fixed maturities, including securities pledged 2,695 2,629
Commercial mortgage-backed    
Assets:    
Fixed maturities, including securities pledged 1,567 1,470
Other asset-backed securities    
Assets:    
Fixed maturities, including securities pledged 846 681
Equity securities    
Assets:    
Equity securities   60
Assets measured on recurring basis    
Assets:    
Fixed maturities, including securities pledged 24,678 25,042
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreement 1,010 1,078
Assets held in separate accounts 73,489 73,036
Total assets, fair value $ 99,383 $ 99,352
Percentage of Level to total assets 100.00% 100.00%
Liabilities:    
Total liabilities, fair value $ 146 $ 181
Assets measured on recurring basis | FIA    
Liabilities:    
Product guarantees 18 20
Assets measured on recurring basis | Stabilizer and MCGs    
Liabilities:    
Product guarantees 77 97
Assets measured on recurring basis | Credit contracts    
Assets:    
Derivatives 8 10
Liabilities:    
Derivatives 4 6
Assets measured on recurring basis | Interest rate contracts    
Assets:    
Derivatives 133 117
Liabilities:    
Derivatives 16 20
Assets measured on recurring basis | Foreign exchange contracts    
Assets:    
Derivatives 1 0
Liabilities:    
Derivatives 77 52
Assets measured on recurring basis | Equity contract    
Assets:    
Derivatives 6 9
Liabilities:    
Derivatives 5 7
Assets measured on recurring basis | Embedded derivative on reinsurance    
Liabilities:    
Embedded derivative on reinsurance (51) (21)
Assets measured on recurring basis | U.S. Treasuries    
Assets:    
Fixed maturities, including securities pledged 552 656
Assets measured on recurring basis | U.S. government agencies and authorities    
Assets:    
Fixed maturities, including securities pledged 0 3
Assets measured on recurring basis | State, municipalities and political subdivisions    
Assets:    
Fixed maturities, including securities pledged 859 878
Assets measured on recurring basis | U.S. corporate public securities    
Assets:    
Fixed maturities, including securities pledged 8,792 9,236
Assets measured on recurring basis | U.S. corporate private securities    
Assets:    
Fixed maturities, including securities pledged 3,395 3,497
Assets measured on recurring basis | Foreign corporate public securities and foreign governments    
Assets:    
Fixed maturities, including securities pledged 2,696 2,777
Assets measured on recurring basis | Foreign corporate private securities    
Assets:    
Fixed maturities, including securities pledged 3,276 3,215
Assets measured on recurring basis | Residential mortgage-backed    
Assets:    
Fixed maturities, including securities pledged 2,695 2,629
Assets measured on recurring basis | Commercial mortgage-backed    
Assets:    
Fixed maturities, including securities pledged 1,567 1,470
Assets measured on recurring basis | Other asset-backed securities    
Assets:    
Fixed maturities, including securities pledged 846 681
Assets measured on recurring basis | Equity securities    
Assets:    
Equity securities 58 60
Assets measured on recurring basis | Level 1    
Assets:    
Fixed maturities, including securities pledged 494 597
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreement 1,010 1,078
Assets held in separate accounts 68,387 67,966
Total assets, fair value $ 69,901 $ 69,651
Percentage of Level to total assets 70.00% 70.00%
Liabilities:    
Total liabilities, fair value $ 0 $ 0
Assets measured on recurring basis | Level 1 | FIA    
Liabilities:    
Product guarantees 0 0
Assets measured on recurring basis | Level 1 | Stabilizer and MCGs    
Liabilities:    
Product guarantees 0 0
Assets measured on recurring basis | Level 1 | Credit contracts    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Assets measured on recurring basis | Level 1 | Interest rate contracts    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Assets measured on recurring basis | Level 1 | Foreign exchange contracts    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Assets measured on recurring basis | Level 1 | Equity contract    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Assets measured on recurring basis | Level 1 | Embedded derivative on reinsurance    
Liabilities:    
Embedded derivative on reinsurance 0 0
Assets measured on recurring basis | Level 1 | U.S. Treasuries    
Assets:    
Fixed maturities, including securities pledged 494 597
Assets measured on recurring basis | Level 1 | U.S. government agencies and authorities    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 1 | State, municipalities and political subdivisions    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 1 | U.S. corporate public securities    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 1 | U.S. corporate private securities    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 1 | Foreign corporate public securities and foreign governments    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 1 | Foreign corporate private securities    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 1 | Residential mortgage-backed    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 1 | Commercial mortgage-backed    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 1 | Other asset-backed securities    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 1 | Equity securities    
Assets:    
Equity securities 10 10
Assets measured on recurring basis | Level 2    
Assets:    
Fixed maturities, including securities pledged 23,218 23,614
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreement 0 0
Assets held in separate accounts 5,091 5,059
Total assets, fair value $ 28,457 $ 28,809
Percentage of Level to total assets 29.00% 29.00%
Liabilities:    
Total liabilities, fair value $ 51 $ 64
Assets measured on recurring basis | Level 2 | FIA    
Liabilities:    
Product guarantees 0 0
Assets measured on recurring basis | Level 2 | Stabilizer and MCGs    
Liabilities:    
Product guarantees 0 0
Assets measured on recurring basis | Level 2 | Credit contracts    
Assets:    
Derivatives 8 10
Liabilities:    
Derivatives 4 6
Assets measured on recurring basis | Level 2 | Interest rate contracts    
Assets:    
Derivatives 133 117
Liabilities:    
Derivatives 16 20
Assets measured on recurring basis | Level 2 | Foreign exchange contracts    
Assets:    
Derivatives 1 0
Liabilities:    
Derivatives 77 52
Assets measured on recurring basis | Level 2 | Equity contract    
Assets:    
Derivatives 6 9
Liabilities:    
Derivatives 5 7
Assets measured on recurring basis | Level 2 | Embedded derivative on reinsurance    
Liabilities:    
Embedded derivative on reinsurance (51) (21)
Assets measured on recurring basis | Level 2 | U.S. Treasuries    
Assets:    
Fixed maturities, including securities pledged 58 59
Assets measured on recurring basis | Level 2 | U.S. government agencies and authorities    
Assets:    
Fixed maturities, including securities pledged 0 3
Assets measured on recurring basis | Level 2 | State, municipalities and political subdivisions    
Assets:    
Fixed maturities, including securities pledged 859 878
Assets measured on recurring basis | Level 2 | U.S. corporate public securities    
Assets:    
Fixed maturities, including securities pledged 8,777 9,210
Assets measured on recurring basis | Level 2 | U.S. corporate private securities    
Assets:    
Fixed maturities, including securities pledged 2,744 2,855
Assets measured on recurring basis | Level 2 | Foreign corporate public securities and foreign governments    
Assets:    
Fixed maturities, including securities pledged 2,696 2,777
Assets measured on recurring basis | Level 2 | Foreign corporate private securities    
Assets:    
Fixed maturities, including securities pledged 3,175 3,123
Assets measured on recurring basis | Level 2 | Residential mortgage-backed    
Assets:    
Fixed maturities, including securities pledged 2,622 2,608
Assets measured on recurring basis | Level 2 | Commercial mortgage-backed    
Assets:    
Fixed maturities, including securities pledged 1,567 1,463
Assets measured on recurring basis | Level 2 | Other asset-backed securities    
Assets:    
Fixed maturities, including securities pledged 720 638
Assets measured on recurring basis | Level 2 | Equity securities    
Assets:    
Equity securities 0 0
Assets measured on recurring basis | Level 3    
Assets:    
Fixed maturities, including securities pledged 966 831
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreement 0 0
Assets held in separate accounts 11 11
Total assets, fair value $ 1,025 $ 892
Percentage of Level to total assets 1.00% 1.00%
Liabilities:    
Total liabilities, fair value $ 95 $ 117
Assets measured on recurring basis | Level 3 | FIA    
Liabilities:    
Product guarantees 18 20
Assets measured on recurring basis | Level 3 | Stabilizer and MCGs    
Liabilities:    
Product guarantees 77 97
Assets measured on recurring basis | Level 3 | Credit contracts    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Assets measured on recurring basis | Level 3 | Interest rate contracts    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Assets measured on recurring basis | Level 3 | Foreign exchange contracts    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Assets measured on recurring basis | Level 3 | Equity contract    
Assets:    
Derivatives 0 0
Liabilities:    
Derivatives 0 0
Assets measured on recurring basis | Level 3 | Embedded derivative on reinsurance    
Liabilities:    
Embedded derivative on reinsurance 0 0
Assets measured on recurring basis | Level 3 | U.S. Treasuries    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 3 | U.S. government agencies and authorities    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 3 | State, municipalities and political subdivisions    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 3 | U.S. corporate public securities    
Assets:    
Fixed maturities, including securities pledged 15 26
Assets measured on recurring basis | Level 3 | U.S. corporate private securities    
Assets:    
Fixed maturities, including securities pledged 651 642
Assets measured on recurring basis | Level 3 | Foreign corporate public securities and foreign governments    
Assets:    
Fixed maturities, including securities pledged 0 0
Assets measured on recurring basis | Level 3 | Foreign corporate private securities    
Assets:    
Fixed maturities, including securities pledged 101 92
Assets measured on recurring basis | Level 3 | Residential mortgage-backed    
Assets:    
Fixed maturities, including securities pledged 73 21
Assets measured on recurring basis | Level 3 | Commercial mortgage-backed    
Assets:    
Fixed maturities, including securities pledged 0 7
Assets measured on recurring basis | Level 3 | Other asset-backed securities    
Assets:    
Fixed maturities, including securities pledged 126 43
Assets measured on recurring basis | Level 3 | Equity securities    
Assets:    
Equity securities $ 48 $ 50