Business Dispositions Level 3 (Tables)

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Assets and Liabilities Transferred [Table Text Block]

Composition of Invested Assets Transferred

The following table summarizes invested assets transferred by the Company in 2013 in connection with the sale of the Retirement Plans and Individual Life businesses.

	Carrying Value
	As of December 31, 2012
Fixed maturities, at fair value (amortized cost of $13,916) [1]	$	15,349
Equity securities, AFS, at fair value (cost of $35) [2]	37
Fixed maturities, at fair value using the FVO [3]	16
Mortgage loans (net of allowances for loan losses of $1)	1,364
Policy loans, at outstanding balance	582
Total invested assets transferred	$	17,348

[1] Includes $14.7 billion and $670 of securities in level 2 and 3 of the fair value hierarchy, respectively.

[2] All equity securities transferred are included in level 2 of the fair value hierarchy.

[3] All FVO securities transferred are included in level 3 of the fair value hierarchy.

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The following table summarizes the major classes of assets and liabilities transferred by the Company in connection with the sale of HLIKK.

	Carrying Value
	As of Closing
Assets
Cash and investments	$	18,733
Reinsurance recoverables	$	46
Property and equipment, net	$	18
Other assets	$	988
Liabilities
Reserve for future policy benefits and unpaid loss and loss adjustment expenses	$	320
Other policyholder funds and benefits payable	$	2,265
Other policyholder funds and benefits payable - international variable annuities	$	16,465
Short-term debt	$	247
Other liabilities	$	102

The following table summarizes the amounts related to discontinued operations in the Consolidated Statements of Operations.

	For the years ended December 31,
	2014			2013			2012
Revenues
Earned premiums	$	(1	)	$	(1	)	$	(6	)
Fee income and other	239			713			865
Net investment income
Securities available-for-sale and other	18			96			111
Equity securities, trading	134			6,200			4,564
Total net investment income	152			6,296			4,675
Net realized capital losses	(157		)	(1,340		)	(1,208		)
Total revenues	233			5,668			4,326
Benefits, losses and expenses
Benefits, losses and loss adjustment expenses	7			(98		)	55
Benefits, losses and loss adjustment expenses - returns credited on international variable annuities	134			6,200			4,564
Amortization of DAC	—			907			(2		)
Insurance operating costs and other expenses	23			127			153
Total benefits, losses and expenses	164			7,136			4,770
Income (loss) before income taxes	69			(1,468		)	(444		)
Income tax benefit	(2		)	(521		)	(187		)
Income (loss) from operations of discontinued operations, net of tax	71			(947		)	(257		)
Net realized capital loss on disposal, net of tax [1]	(622		)	(102		)	(1		)
Loss from discontinued operations, net of tax	$	(551	)	$	(1,049	)	$	(258	)

[1] Includes income tax benefits of $265 on the sale of HLIKK and $219 on the sale of HLIL for the years ended December 31, 2014 and 2013, respectively.