|
Fair Value Measurements - Financial Assets and Financial Liabilities Carried at Fair Value (Details) (USD $) In Millions, unless otherwise specified
|
3 Months Ended |
12 Months Ended |
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
$ 19,141 |
|
$ 18,983 |
|
| Equity securities |
182 |
|
189 |
|
| Short-term investments |
172 |
|
163 |
|
| Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
19,141 |
[1] |
18,983 |
[2] |
| Equity securities |
182 |
|
189 |
|
| Subtotal |
19,323 |
|
19,172 |
|
| Short-term investments |
172 |
|
163 |
|
| Total financial assets at fair value, excluding separate accounts |
20,481 |
|
20,294 |
|
| Financial liabilities at fair value: |
|
|
|
|
| Total financial liabilities at fair value |
948 |
|
930 |
|
| Run-off Settlement Annuity Business [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial liabilities at fair value: |
|
|
|
|
| Net appreciation required to adjust future policy benefits for run-off settlement annuity business included in fixed maturities |
817 |
|
756 |
|
| Other derivatives [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Derivative assets |
16 |
[3] |
6 |
[4] |
| Financial liabilities at fair value: |
|
|
|
|
| Derivative liabilities |
|
|
1 |
[4] |
| Other derivatives [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Derivative assets |
15 |
|
5 |
|
| Financial liabilities at fair value: |
|
|
|
|
| Derivative liabilities |
|
|
1 |
|
| Other derivatives [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Derivative assets |
1 |
|
1 |
|
| Other derivatives [Member] | Non designated [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Derivative assets |
0 |
|
0 |
|
| Financial liabilities at fair value: |
|
|
|
|
| Derivative liabilities |
|
|
0 |
|
| Guaranteed Minimum Income Benefit [Member] |
|
|
|
|
| Financial liabilities at fair value: |
|
|
|
|
| Percentage of GMIB exposure covered by retrocessional coverage |
100.00% |
|
100.00% |
|
| Number of external reinsurers |
3 |
|
3 |
|
| Guaranteed Minimum Income Benefit [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Derivative assets |
970 |
[5] |
953 |
[6] |
| Financial liabilities at fair value: |
|
|
|
|
| Derivative liabilities |
948 |
|
929 |
|
| Federal government and agency [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
923 |
|
954 |
|
| State and local government [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
1,832 |
|
1,856 |
|
| Foreign government [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
1,956 |
|
1,940 |
|
| Corporate [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
13,721 |
|
13,498 |
|
| Mortgage-backed [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
64 |
|
85 |
|
| Other asset-backed [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
645 |
|
650 |
|
| Fair Value Inputs Level 1 [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
258 |
[1] |
290 |
[2] |
| Equity securities |
34 |
|
61 |
|
| Subtotal |
292 |
|
351 |
|
| Short-term investments |
0 |
|
0 |
|
| Total financial assets at fair value, excluding separate accounts |
292 |
|
351 |
|
| Financial liabilities at fair value: |
|
|
|
|
| Total financial liabilities at fair value |
0 |
|
0 |
|
| Fair Value Inputs Level 1 [Member] | Other derivatives [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Derivative assets |
0 |
[3] |
0 |
[4] |
| Financial liabilities at fair value: |
|
|
|
|
| Derivative liabilities |
|
|
0 |
[4] |
| Fair Value Inputs Level 1 [Member] | Guaranteed Minimum Income Benefit [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Derivative assets |
0 |
[5] |
0 |
[6] |
| Financial liabilities at fair value: |
|
|
|
|
| Derivative liabilities |
0 |
|
0 |
|
| Fair Value Inputs Level 1 [Member] | Federal government and agency [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
258 |
|
290 |
|
| Fair Value Inputs Level 1 [Member] | State and local government [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
0 |
|
0 |
|
| Fair Value Inputs Level 1 [Member] | Foreign government [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
0 |
|
0 |
|
| Fair Value Inputs Level 1 [Member] | Corporate [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
0 |
|
0 |
|
| Fair Value Inputs Level 1 [Member] | Mortgage-backed [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
0 |
|
0 |
|
| Fair Value Inputs Level 1 [Member] | Other asset-backed [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
0 |
|
0 |
|
| Fair Value Inputs Level 2 [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
18,110 |
[1] |
17,879 |
[2] |
| Equity securities |
103 |
|
85 |
|
| Subtotal |
18,213 |
|
17,964 |
|
| Short-term investments |
172 |
|
163 |
|
| Total financial assets at fair value, excluding separate accounts |
18,401 |
|
18,133 |
|
| Financial liabilities at fair value: |
|
|
|
|
| Total financial liabilities at fair value |
0 |
|
1 |
|
| Fair Value Inputs Level 2 [Member] | Other derivatives [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Derivative assets |
16 |
[3] |
6 |
[4] |
| Financial liabilities at fair value: |
|
|
|
|
| Derivative liabilities |
|
|
1 |
[4] |
| Fair Value Inputs Level 2 [Member] | Guaranteed Minimum Income Benefit [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Derivative assets |
0 |
[5] |
0 |
[6] |
| Financial liabilities at fair value: |
|
|
|
|
| Derivative liabilities |
0 |
|
0 |
|
| Fair Value Inputs Level 2 [Member] | Federal government and agency [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
665 |
|
664 |
|
| Fair Value Inputs Level 2 [Member] | State and local government [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
1,832 |
|
1,856 |
|
| Fair Value Inputs Level 2 [Member] | Foreign government [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
1,953 |
|
1,936 |
|
| Fair Value Inputs Level 2 [Member] | Corporate [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
13,371 |
|
13,105 |
|
| Fair Value Inputs Level 2 [Member] | Mortgage-backed [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
63 |
|
84 |
|
| Fair Value Inputs Level 2 [Member] | Other asset-backed [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
226 |
|
234 |
|
| Fair Value Inputs Level 3 [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
773 |
[1] |
814 |
[2] |
| Equity securities |
45 |
|
43 |
|
| Subtotal |
818 |
|
857 |
|
| Short-term investments |
0 |
|
0 |
|
| Total financial assets at fair value, excluding separate accounts |
1,788 |
|
1,810 |
|
| Financial liabilities at fair value: |
|
|
|
|
| Total financial liabilities at fair value |
948 |
|
929 |
|
| Fair Value Inputs Level 3 [Member] | Run-off Settlement Annuity Business [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial liabilities at fair value: |
|
|
|
|
| Net appreciation required to adjust future policy benefits for run-off settlement annuity business included in fixed maturities |
71 |
|
65 |
|
| Fair Value Inputs Level 3 [Member] | Other derivatives [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Derivative assets |
0 |
[3] |
0 |
[4] |
| Financial liabilities at fair value: |
|
|
|
|
| Derivative liabilities |
|
|
0 |
[4] |
| Fair Value Inputs Level 3 [Member] | Guaranteed Minimum Income Benefit [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Derivative assets |
970 |
[5] |
953 |
[6] |
| Financial liabilities at fair value: |
|
|
|
|
| Derivative liabilities |
948 |
|
929 |
|
| Fair Value Inputs Level 3 [Member] | Federal government and agency [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
0 |
|
0 |
|
| Fair Value Inputs Level 3 [Member] | State and local government [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
0 |
|
0 |
|
| Fair Value Inputs Level 3 [Member] | Foreign government [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
3 |
|
4 |
|
| Fair Value Inputs Level 3 [Member] | Corporate [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
350 |
|
393 |
|
| Fair Value Inputs Level 3 [Member] | Mortgage-backed [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
1 |
|
1 |
|
| Fair Value Inputs Level 3 [Member] | Other asset-backed [Member] | Fair Value, Measurements, Recurring [Member] |
|
|
|
|
| Financial assets at fair value: |
|
|
|
|
| Fixed maturities |
$ 419 |
|
$ 416 |
|
|
|
|