XML 25 R50.htm IDEA: XBRL DOCUMENT v3.2.0.727
Investments and Derivative Instruments Level 4 Derivative Balance Sheet Classification (Details) - Hedging Relationship [Domain] - Fair Value Hierarchy [Domain] - Position [Domain] - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Derivative Balance Sheet Classification [Table]    
Derivative Liability, Fair Value, Amount Not Offset Against Collateral $ 1,000 $ 1,100
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 66,321 72,850
Derivative, Fair Value, Net (605) (639)
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement 1,162 1,267
Derivative Asset, Fair Value, Gross Asset 1,052 1,175
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement 1,767 1,906
Derivative Liability, Fair Value, Gross Liability (1,626) (1,741)
Reinsurance Recoverable [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 4,287 4,633
Derivative, Fair Value, Net 110 90
Derivative Asset, Fair Value, Gross Asset 110 90
Derivative Liability, Fair Value, Gross Liability 0 0
Fixed Maturities [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 448 454
Derivative, Fair Value, Net (3) 2
Derivative Asset, Fair Value, Gross Asset 0 2
Derivative Liability, Fair Value, Gross Liability (3) 0
Other Investments [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 25,401 23,014
Derivative, Fair Value, Net 308 364
Derivative Asset, Fair Value, Gross Asset 590 624
Derivative Liability, Fair Value, Gross Liability (282) (260)
Other Liabilities [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 19,774 26,791
Derivative, Fair Value, Net (882) (930)
Derivative Asset, Fair Value, Gross Asset 462 551
Derivative Liability, Fair Value, Gross Liability (1,344) (1,481)
Other Policyholder Funds and Benefits Payable [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 16,411 17,958
Derivative, Fair Value, Net (138) (165)
Derivative, Fair Value, Net 138  
Derivative Asset, Fair Value, Gross Asset 0 0
Derivative Liability, Fair Value, Gross Liability (138) (165)
Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 62,134 68,676
Derivative, Fair Value, Net (612) (664)
Derivative Asset, Fair Value, Gross Asset 1,112 1,212
Derivative Liability, Fair Value, Gross Liability (1,724) (1,876)
Interest Rate Contract [Member] | Other Investments [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Fair Value, Net (68) (129)
Interest Rate Contract [Member] | Other Liabilities [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Fair Value, Net 515  
Foreign Exchange Contract [Member] | Other Investments [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Fair Value, Net (9)  
Foreign Exchange Contract [Member] | Other Liabilities [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Fair Value, Net 479  
Derivative Financial Instruments, Assets [Member] | Other Investments [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Fair Value, Net [1] (308) (364) [2]
Derivative Financial Instruments, Liabilities [Member] | Other Liabilities [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Fair Value, Net [3] 879 927 [4]
Embedded Derivative Financial Instruments [Member] | Other Liabilities [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Fair Value, Net 3 [4] 3 [5]
Interest Rate Swap [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 13,100 13,100
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 186 177
Derivative, Fair Value, Net 8 1
Derivative Asset, Fair Value, Gross Asset 8 3
Derivative Liability, Fair Value, Gross Liability 0 (2)
Credit Default Swap, Buying Protection [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 209 595
Derivative, Fair Value, Net 2 (6)
Derivative Asset, Fair Value, Gross Asset 4 4
Derivative Liability, Fair Value, Gross Liability (2) (10)
Credit Default Swap, Selling Protection [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 3,067 1,487
Derivative, Fair Value, Net 4 3
Derivative Asset, Fair Value, Gross Asset 30 14
Derivative Liability, Fair Value, Gross Liability (26) (11)
Credit Derivatives in Offsetting Positions [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 4,158 5,343
Derivative, Fair Value, Net (2) (3)
Derivative Asset, Fair Value, Gross Asset 46 53
Derivative Liability, Fair Value, Gross Liability (48) (56)
Equity Contract [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 129 635
Derivative, Fair Value, Net (1) 2
Derivative Asset, Fair Value, Gross Asset 28 31
Derivative Liability, Fair Value, Gross Liability (29) (29)
Commodity Option [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 637 0
Derivative, Fair Value, Net 3 0
Derivative Asset, Fair Value, Gross Asset 3 0
Derivative Liability, Fair Value, Gross Liability 0 0
Put Option [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 500 500
Derivative, Fair Value, Net 9 12
Derivative Asset, Fair Value, Gross Asset 9 12
Derivative Liability, Fair Value, Gross Liability 0 0
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 921 974
Derivative, Fair Value, Net 60 34
Derivative Asset, Fair Value, Gross Asset 60 34
Derivative Liability, Fair Value, Gross Liability 0 0
JAPAN | Three Win Related Foreign Currency Swaps [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 1,319 1,319
Derivative, Fair Value, Net (458) (427)
Derivative Asset, Fair Value, Gross Asset 0 0
Derivative Liability, Fair Value, Gross Liability (458) (427)
UNITED STATES | GMWB Hedging Instruments [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 11,732 14,442
Derivative, Fair Value, Net 134 174
UNITED STATES | GMWB Hedging Instruments [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 11,732 14,442
Derivative, Fair Value, Net 134 174
Derivative Asset, Fair Value, Gross Asset 246 289
Derivative Liability, Fair Value, Gross Liability (112) (115)
UNITED STATES | Macro Hedge Program [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 4,591 6,383
Derivative, Fair Value, Net 165 141
Derivative Asset, Fair Value, Gross Asset 200 180
Derivative Liability, Fair Value, Gross Liability (35) (39)
UNITED STATES | Macro Hedge Program [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 4,591 6,383
Derivative, Fair Value, Net 165 141
UNITED STATES | Macro Hedge Program [Member] | Other Investments [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Fair Value, Net (100) (93)
UNITED STATES | Macro Hedge Program [Member] | Other Liabilities [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Fair Value, Net (65) (48)
UNITED STATES | Equity Contract [Member] | GMWB Hedging Instruments [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 1,719 3,761
Derivative, Fair Value, Net 10 39
UNITED STATES | GMWB Product Derivatives [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 16,361 17,908
Derivative, Fair Value, Net (112) (139)
Derivative Asset, Fair Value, Gross Asset 0 0
Derivative Liability, Fair Value, Gross Liability (112) (139)
UNITED STATES | GMWB Reinsurance [Member] | Not Designated as Hedging Instrument [Member]    
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Abstract]    
Derivative, Notional Amount 3,366 3,659
Derivative, Fair Value, Net 50 56
Derivative Asset, Fair Value, Gross Asset 50 56
Derivative Liability, Fair Value, Gross Liability $ 0 $ 0
[1] [1]Included in other investments on the Condensed Consolidated Balance Sheets.
[2] [2]Includes over-the-counter ("OTC") and OTC-cleared derivative instruments in a net positive fair value position after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements, clearing house rules and applicable law. As of June 30, 2015 and December 31, 2014, $289 and $413, respectively, of cash collateral liability was netted against the derivative asset value in the Condensed Consolidated Balance Sheets and is excluded from the preceding table. See the following footnote 4 for derivative liabilities.
[3] [4]Approximately $3.8 billion and $2.5 billion of investment sales receivable, as of June 30, 2015 and December 31, 2014, respectively, are excluded from this disclosure requirement because they are trade receivables in the ordinary course of business where the carrying amount approximates fair value.
[4] [5]Includes OTC and OTC-cleared derivative instruments in a net negative fair market value position (derivative liability) after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements, clearing house rules and applicable law. In the following Level 3 roll-forward table in this Note 4, the derivative assets and liabilities are referred to as “freestanding derivatives” and are presented on a net basis.
[5] [6]Represents embedded derivatives associated with non-funding agreement-backed consumer equity linked notes.