XML 89 R70.htm IDEA: XBRL DOCUMENT v3.6.0.2
Fair Value Measurements (Financial Instruments Measured At Fair Value On Recurring Basis) (Detail) - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
[2],[3]
Dec. 31, 2013
[3]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value $ 80,115 $ 43,587    
Equity securities 814 497    
Short-term investments 3,002 10,446    
Other investments 4,519 3,291    
Securities lending collateral 1,092 1,046    
Estimate of Fair Value Measurement [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Other investments 4,519 3,291    
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 80,115 43,587    
Equity securities 814 497    
Short-term investments 3,002 10,446    
Other investments 868 789    
Securities lending collateral 1,092 1,046    
Investment derivative instruments, assets 31 12    
Other derivative instruments, assets 3      
Separate Account Assets 1,879 1,552    
Total assets measured at fair value 87,804 57,929    
Investment derivative instruments, liability 54 13    
Other derivative instruments, liability 13 10    
Total liabilities measured at fair value 626 632    
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 2,870 2,528    
Foreign | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 21,440 13,445    
Corporate securities | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 24,149 14,929    
Mortgage backed-securities | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 14,007 9,958    
States, municipalities, and political subdivisions | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 17,649 2,727    
Level 1 | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 2,175 1,712    
Equity securities 773 481    
Short-term investments 1,757 7,171    
Other investments 384 347    
Investment derivative instruments, assets 31 12    
Other derivative instruments, assets 3      
Separate Account Assets 1,784 1,464    
Total assets measured at fair value 6,907 11,187    
Investment derivative instruments, liability 54 13    
Other derivative instruments, liability   4    
Total liabilities measured at fair value 54 17    
Level 1 | US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 2,175 1,712    
Level 2 | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 77,140 41,591    
Short-term investments 1,220 3,275    
Other investments 259 230    
Securities lending collateral 1,092 1,046    
Separate Account Assets 95 88    
Total assets measured at fair value 79,806 46,230    
Level 2 | US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 695 816    
Level 2 | Foreign | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 21,366 13,388    
Level 2 | Corporate securities | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 23,468 14,755    
Level 2 | Mortgage backed-securities | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 13,962 9,905    
Level 2 | States, municipalities, and political subdivisions | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 17,649 2,727    
Level 3 | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 800 284    
Equity securities 41 16    
Short-term investments 25      
Other investments 225 212    
Total assets measured at fair value 1,091 512    
Other derivative instruments, liability 13 6    
Total liabilities measured at fair value 572 615    
Level 3 | Foreign | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 74 57    
Level 3 | Corporate securities | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 681 174    
Level 3 | Mortgage backed-securities | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Available for sale, Fair Value 45 53    
Guaranteed Minimum Income Benefit        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value 559 [1] 609 [1],[2] $ 406 $ 193
Guaranteed Minimum Income Benefit | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross 559 609    
Guaranteed Minimum Income Benefit | Level 3        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value 559 [4] 609    
Guaranteed Minimum Income Benefit | Level 3 | Fair Value, Measurements, Recurring [Member]        
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]        
Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross $ 559 $ 609    
[1] Our GLB reinsurance product meets the definition of a derivative instrument for accounting purposes and is accordingly carried at fair value. Excluded from the table above is the portion of the GLB derivative liability classified as Future policy benefits in the Consolidated balance sheets. Refer to Note 5 c) for additional information.
[2] Our GLB reinsurance product meets the definition of a derivative instrument for accounting purposes and is accordingly carried at fair value. Excluded from the table above is the portion of the GLB derivative liability classified as Future policy benefits in the Consolidated balance sheets. The liability for GLB reinsurance was $888 million at December 31, 2015 and $663 million at December 31, 2014, which includes a fair value derivative adjustment of $609 million and $406 million, respectively.
[3] Our GLB reinsurance product meets the definition of a derivative instrument for accounting purposes and is accordingly carried at fair value. Excluded from the table above is the portion of the GLB derivative liability classified as Future policy benefits in the Consolidated balance sheets. The liability for GLB reinsurance was $663 million at December 31, 2014 and $427 million at December 31, 2013, which includes a fair value derivative adjustment of $406 million and $193 million, respectively.
[4] Discussion of the most significant inputs used in the fair value measurement of GLB and the sensitivity of those assumptions is included within Note 4 a) Guaranteed living benefits.