Income Taxes Level 3 (Tables)

12 Months Ended

Dec. 31, 2015

Operating Loss Carryforwards [Line Items]

Summary of Operating Loss Carryforwards [Table Text Block]

	As of
	December 31, 2015				December 31, 2014				Expiration
	Carryover amount		Expected tax benefit, gross		Carryover amount		Expected tax benefit, gross		Dates			Amount
Net operating loss carryover - U.S.	$	5,182	$	1,814	$	5,508	$	1,928	2016	-	2020	$	4
									2023	-	2033	$	5,178
Net operating loss carryover - foreign	$	89	$	17	$	39	$	8	No expiration			$	89
Foreign tax credit carryover	$	154	$	154	$	178	$	178	2019	-	2024	$	154
Capital loss carryover	$	222	$	78	$	491	$	172	2019			$	222
Alternative minimum tax credit carryover	$	639	$	639	$	652	$	652	No expiration			$	639

Provision Benefit for Income Taxes [Table Text Block]

The provision (benefit) for income taxes consists of the following:

	For the years ended December 31,
	2015			2014			2013
Income Tax Expense (Benefit)
Current - U.S. Federal	$	(55	)	$	(62	)	$	219
International	3			2			—
Total current	(52		)	(60		)	219
Deferred - U.S. Federal	357			410			27
Total income tax expense	$	305		$	350		$	246

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred tax assets (liabilities) include the following:

	As of December 31,
Deferred Tax Assets	2015			2014
Tax discount on loss reserves	$	524		$	573
Tax basis deferred policy acquisition costs	162			163
Unearned premium reserve and other underwriting related reserves	377			456
Investment-related items	831			1,020
Insurance product derivatives	90			44
Employee benefits	655			677
Alternative minimum tax credit	639			652
Net operating loss carryover	1,831			1,936
Foreign tax credit carryover	154			178
Capital loss carryover	78			172
Total Deferred Tax Assets	5,341			5,871
Valuation Allowance	(79		)	(181		)
Deferred Tax Assets, Net of Valuation Allowance	5,262			5,690
Deferred Tax Liabilities
Financial statement deferred policy acquisition costs and reserves	(943		)	(1,040		)
Net unrealized gains on investments	(842		)	(1,489		)
Other depreciable and amortizable assets	(229		)	(217		)
Other	(42		)	(47		)
Total Deferred Tax Liabilities	(2,056		)	(2,793		)
Net Deferred Tax Asset	$	3,206		$	2,897

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the tax provision at the U.S. federal statutory rate to the provision (benefit) for income taxes is as follows:

	For the years ended December 31,
	2015			2014			2013
Tax provision at U.S. federal statutory rate	$	692		$	595		$	515
Tax-exempt interest	(132		)	(138		)	(138		)
Dividends received deduction	(156		)	(114		)	(139		)
Increase (decrease) in valuation allowance	(102		)	5			(2		)
Other	3			2			10
Provision for income taxes	$	305		$	350		$	246

The Company’s effective tax rate for the year ended December 31, 2015 reflects a $36 net reduction in the provision for income taxes related to the release of reserves due to the resolution of uncertain tax positions consisting of a $48 reduction in the provision upon conclusion of the Internal Revenue Service audit of the Company's 2007-2011 federal consolidated corporate income tax returns, offset by a $12 increase in the provision due to the filing of the Company's 2014 federal consolidated income tax return.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	For the year ended December 31,
	2015
Balance, beginning of period	$	48
Gross increases - tax positions in prior period	12
Gross decreases - tax positions in prior period	(48		)
Balance, end of period	$	12

The Company’s unrecognized tax benefits were unchanged during the years ended December 31, 2014, and 2013 remaining at $48 as of December 31, 2014, and 2013. The entire amount of unrecognized tax benefits, if recognized, would affect the effective tax rate in the period of the release.

As of December 31, 2015, the Company had a current income tax payable of $5.

The federal audit of the years 2012 and 2013 began in March 2015 and is expected to be completed in 2016. Management believes that adequate provision has been made in the financial statements for any potential adjustments that may result from tax examinations and other tax-related matters for all open tax years.

The Company classifies interest and penalties (if applicable) as income tax expense in the consolidated financial statements. The Company recognized interest expense of $0, $0, and $5 for the years ended December 31, 2015, 2014 and 2013, respectively. The Company had approximately $0 and $1 of interest payable as of December 31, 2015 and 2014, respectively. The Company does not believe it would be subject to any penalties in any open tax years and, therefore, has not recorded any accrual for penalties.