Prudential Financial, Inc. 5.62 (PRS) 10-K 19 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2015	Jan. 31, 2016	Jun. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	PRU
Entity Registrant Name	PRUDENTIAL FINANCIAL INC
Entity Central Index Key	1,137,774
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		446	452
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 39,550
Entity Current Reporting Status	Yes

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
ASSETS
Fixed maturities, available-for-sale, at fair value (amortized cost: 2015 – $265,416; 2014 – $265,116)	[1]	$ 290,323	$ 299,090
Fixed maturities, held-to-maturity, at amortized cost (fair value: 2015 – $2,624; 2014 – $2,902)	[1]	2,308	2,575
Trading account assets supporting insurance liabilities, at fair value	[1]	20,522	20,263
Other trading account assets, at fair value	[1]	14,458	10,874
Equity securities, available-for-sale, at fair value (cost: 2015 – $6,847; 2014 – $6,921)		9,274	9,861
Commercial mortgage and other loans (includes $274 and $380 measured at fair value under the fair value option at December 31, 2015 and December 31, 2014, respectively)	[1]	50,559	46,432
Policy loans		11,657	11,712
Other long-term investments (includes $1,322 and $1,082 measured at fair value under the fair value option at December 31, 2015 and December 31, 2014, respectively)	[1]	9,986	10,921
Short-term investments		8,105	8,258
Total investments		417,192	419,986
Cash and cash equivalents	[1]	17,612	14,918
Accrued investment income	[1]	3,110	3,130
Deferred policy acquisition costs		16,718	15,971
Value of business acquired		2,828	2,836
Other assets	[1]	14,358	13,379
Separate account assets		285,570	296,435
TOTAL ASSETS		757,388	766,655
LIABILITIES
Future policy benefits		224,384	217,766
Policyholders’ account balances	[1]	136,784	136,150
Policyholders’ dividends		5,578	7,661
Securities sold under agreements to repurchase		7,882	9,407
Cash collateral for loaned securities		3,496	4,241
Income taxes		8,714	9,881
Short-term debt		1,216	3,839
Long-term debt		19,727	19,831
Other liabilities	[1]	13,517	13,037
Notes issued by consolidated variable interest entities (includes $8,597 and $6,033 measured at fair value under the fair value option at December 31, 2015 and December 31, 2014, respectively)	[1]	8,597	6,058
Separate account liabilities		285,570	296,435
Total liabilities		$ 715,465	$ 724,306
COMMITMENTS AND CONTINGENT LIABILITIES
EQUITY
Preferred Stock ($.01 par value; 10,000,000 shares authorized; none issued)		$ 0	$ 0
Additional paid-in capital		24,482	24,565
Common Stock held in treasury, at cost (213,009,970 and 205,277,862 shares at December 31, 2015 and December 31, 2014, respectively)		(13,814)	(13,088)
Class B Stock held in treasury, at cost (0 and 2,000,000 shares at December 31, 2015 and December 31, 2014, respectively)		0	(651)
Accumulated other comprehensive income (loss)		12,285	16,050
Retained earnings		18,931	14,888
Total Prudential Financial, Inc. equity		41,890	41,770
Noncontrolling interests		33	579
Total equity		41,923	42,349
TOTAL LIABILITIES AND EQUITY		757,388	766,655
Common Stock
EQUITY
Common Stock		6	6
Common Class B Stock
EQUITY
Common Stock		$ 0	$ 0
[1]	See Note 5 for details of balances associated with variable interest entities.

Consolidated Statements of Fin3

Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Fixed maturities, available-for-sale, amortized cost		$ 265,416	$ 265,116
Fixed maturities, held to maturity, fair value		2,624	2,902
Available-For-Sale Equity Securities Amortized Cost Basis		6,847	6,921
Total Commercial Mortgage And Other Loans		50,559	46,432
Other Long Term Investments	[1]	9,986	10,921
Notes Of Consolidated Variable Interest Entities	[1]	$ 8,597	$ 6,058
Preferred Stock, par value (in dollars per share)		$ 0.01	$ 0.01
Preferred Stock, shares authorized		10,000,000	10,000,000
Preferred Stock, shares issued		0	0
Fair Value Option
Total Commercial Mortgage And Other Loans		$ 274	$ 380
Other Long Term Investments		1,322	1,082
Notes Of Consolidated Variable Interest Entities		$ 8,597	$ 6,033
Common Stock
Common Stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares authorized		1,500,000,000	1,500,000,000
Common stock, shares issued		660,111,339	660,111,339
Common Stock held in treasury, shares		213,009,970	205,277,862
Common Class B Stock
Common Stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares authorized		0	10,000,000
Common stock, shares issued		0	2,000,000
Class B Stock Held in Treasury
Common Stock held in treasury, shares		0	2,000,000
[1]	See Note 5 for details of balances associated with variable interest entities.

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
REVENUES
Premiums		$ 28,521	$ 29,293	$ 26,237
Policy charges and fee income		5,972	6,179	5,415
Net investment income		14,829	15,256	14,729
Asset management and service fees		3,772	3,719	3,485
Other income (loss)		0	(1,978)	(3,199)
Realized investment gains (losses), net:
Other-than-temporary impairments on fixed maturity securities		(180)	(127)	(1,055)
Other-than-temporary impairments on fixed maturity securities transferred to Other comprehensive income		39	71	856
Other realized investment gains (losses), net		4,166	1,692	(5,007)
Total realized investment gains (losses), net		4,025	1,636	(5,206)
Total revenues		57,119	54,105	41,461
BENEFITS AND EXPENSES
Policyholders’ benefits		30,627	31,587	26,733
Interest credited to policyholders’ account balances		3,479	4,263	3,111
Dividends to policyholders		2,212	2,716	2,050
Amortization of deferred policy acquisition costs		2,120	1,973	240
General and administrative expenses		10,912	11,807	11,011
Total benefits and expenses		49,350	52,346	43,145
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES		7,769	1,759	(1,684)
Total income tax expense (benefit)		2,072	349	(1,058)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES		5,697	1,410	(626)
Equity in earnings of operating joint ventures, net of taxes		15	16	59
INCOME (LOSS) FROM CONTINUING OPERATIONS		5,712	1,426	(567)
Income (loss) from discontinued operations, net of taxes		0	12	7
NET INCOME (LOSS)		5,712	1,438	(560)
Less: Income (loss) attributable to noncontrolling interests		70	57	107
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC		$ 5,642	$ 1,381	$ (667)
Basic earnings per share-Common Stock:
Income (loss) from continuing operations attributable to Prudential Financial, Inc. (in dollars per share)	[1]	$ 12.37	$ 3.23	$ (1.57)
Income (loss) from discontinued operations, net of taxes (in dollars per share)	[1]	0	0.02	0.02
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	[1]	12.37	3.25	(1.55)
Diluted earnings per share-Common Stock:
Income (loss) from continuing operations attributable to Prudential Financial, Inc. (in dollars per share)	[1]	12.17	3.20	(1.57)
Income (loss) from discontinued operations, net of taxes (in dollars per share)	[1]	0	0.03	0.02
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	[1]	12.17	3.23	(1.55)
Dividends declared per share of Common Stock (in dollars per share)	[1]	$ 2.44	$ 2.17	$ 1.73
[1]	For 2015, represents consolidated earnings per share of Common Stock. For 2014 and 2013, represents earnings of the Company’s former Financial Services Businesses per share of Common Stock. See Note 16 for additional information.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
NET INCOME (LOSS)	$ 5,712	$ 1,438	$ (560)
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments for the period	(287)	(1,081)	(1,487)
Net unrealized investment gains (losses)	(5,486)	13,730	(1,528)
Defined benefit pension and postretirement unrecognized periodic benefit (cost)	(264)	(1,043)	874
Total	(6,037)	11,606	(2,141)
Less: Income tax expense (benefit) related to other comprehensive income (loss)	(2,213)	4,249	(582)
Other comprehensive income (loss), net of taxes	(3,824)	7,357	(1,559)
Comprehensive income (loss)	1,888	8,795	(2,119)
Less: Comprehensive income (loss) attributable to noncontrolling interests	11	45	81
Comprehensive income (loss) attributable to Prudential Financial, Inc.	$ 1,877	$ 8,750	$ (2,200)

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Common Stock Held In Treasury	Accumulated Other Comprehensive Income (Loss)	Total Prudential Financial, Inc. Equity	Noncontrolling Interests	Common Class B StockCommon Stock Held In Treasury
Balance at Dec. 31, 2012	$ 39,112	$ 6	$ 24,380	$ 16,066	$ (12,163)	$ 10,214	$ 38,503	$ 609	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(750)				(750)		(750)
Contributions from noncontrolling interests	4							4
Distributions to noncontrolling interests	(113)							(113)
Consolidations/(deconsolidations) of noncontrolling interests	22							22
Stock-based compensation programs	554		95	(39)	498		554
Dividends declared on Common Stock	(810)			(810)			(810)
Dividends declared on Class B Stock	(19)			(19)			(19)
Comprehensive income:
Net income (loss)	(560)			(667)			(667)	107
Other comprehensive income (loss), net of tax	(1,559)					(1,533)	(1,533)	(26)
Comprehensive income (loss)	(2,119)						(2,200)	81
Balance at Dec. 31, 2013	35,881	6	24,475	14,531	(12,415)	8,681	35,278	603	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(1,651)				(1,000)		(1,651)		(651)
Contributions from noncontrolling interests	103		(4)				(4)	107
Distributions to noncontrolling interests	(175)							(175)
Consolidations/(deconsolidations) of noncontrolling interests	(1)							(1)
Stock-based compensation programs	421		94		327		421
Dividends declared on Common Stock	(1,005)			(1,005)			(1,005)
Dividends declared on Class B Stock	(19)			(19)			(19)
Comprehensive income:
Net income (loss)	1,438			1,381			1,381	57
Other comprehensive income (loss), net of tax	7,357					7,369	7,369	(12)
Comprehensive income (loss)	8,795						8,750	45
Balance at Dec. 31, 2014	42,349	6	24,565	14,888	(13,088)	16,050	41,770	579	(651)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired	(1,000)				(1,000)		(1,000)
Class B Stock cancelled	0		(167)	(484)			0		651
Contributions from noncontrolling interests	28							28
Distributions to noncontrolling interests	(437)							(437)
Consolidations/(deconsolidations) of noncontrolling interests	(148)							(148)
Stock-based compensation programs	358		84		274		358
Dividends declared on Common Stock	(1,115)			(1,115)			(1,115)
Comprehensive income:
Net income (loss)	5,712			5,642			5,642	70
Other comprehensive income (loss), net of tax	(3,824)					(3,765)	(3,765)	(59)
Comprehensive income (loss)	1,888						1,877	11
Balance at Dec. 31, 2015	$ 41,923	$ 6	$ 24,482	$ 18,931	$ (13,814)	$ 12,285	$ 41,890	$ 33	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 5,712		$ 1,438		$ (560)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment (gains) losses, net	(4,025)		(1,636)		5,206
Policy charges and fee income	(1,883)		(2,156)		(1,649)
Interest credited to policyholders’ account balances	3,479		4,263		3,111
Depreciation and amortization	113		631		411
(Gains) losses on trading account assets supporting insurance liabilities, net	524		(339)		250
Change in:
Deferred policy acquisition costs	(533)		(721)		(2,661)
Future policy benefits and other insurance liabilities	8,311		11,276		8,379
Other trading account assets	256		44		(33)
Income taxes	245		175		(1,343)
Derivatives, net	1,305		4,989		(3,747)
Other, net	391		1,432		1,081
Cash flows from (used in) operating activities	13,895		19,396		8,445
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	47,080		49,529		60,719
Fixed maturities, held-to-maturity	235		415		587
Trading account assets supporting insurance liabilities and other trading account assets	14,313		13,548		19,412
Equity securities, available-for-sale	4,577		5,001		4,227
Commercial mortgage and other loans	5,464		4,076		6,501
Policy loans	2,199		2,084		2,231
Other long-term investments	1,276		574		1,594
Short-term investments	77,021		73,823		60,002
Payments for the purchase/origination of:
Fixed maturities, available-for-sale	(47,606)		(57,467)		(67,774)
Fixed maturities, held-to-maturity	0		(21)		(208)
Trading account assets supporting insurance liabilities and other trading account assets	(18,608)		(16,522)		(22,552)
Equity securities, available-for-sale	(4,055)		(4,476)		(4,301)
Commercial mortgage and other loans	(9,392)		(9,346)		(10,316)
Policy loans	(1,782)		(1,855)		(1,831)
Other long-term investments	(2,005)		(1,805)		(1,800)
Short-term investments	(76,622)		(74,295)		(61,034)
Acquisitions, net of cash acquired	0		(23)		(488)
Derivatives, net	53		(555)		(950)
Other, net	106		227		(353)
Cash flows from (used in) investing activities	(7,746)		(17,088)		(16,334)
CASH FLOWS FROM FINANCING ACTIVITIES
Policyholders’ account deposits	23,206		23,977		24,721
Policyholders’ account withdrawals	(21,963)		(22,003)		(24,960)
Net change in securities sold under agreements to repurchase and cash collateral for loaned securities	(2,270)		710		3,200
Cash dividends paid on Common Stock	(1,117)		(1,008)		(828)
Net change in financing arrangements (maturities 90 days or less)	68		(27)		96
Common Stock acquired	(1,013)		(1,000)		(738)
Common Stock reissued for exercise of stock options	209		269		348
Proceeds from the issuance of debt (maturities longer than 90 days)	5,166		7,955		4,660
Repayments of debt (maturities longer than 90 days)	(4,957)		(7,384)		(3,939)
Excess tax benefits from share-based payment arrangements	19		26		32
Other, net	(221)		133		(331)
Cash flows from (used in) financing activities	(3,524)		1,629		2,242
Effect of foreign exchange rate changes on cash balances	69		(458)		(1,014)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	2,694		3,479		(6,661)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	14,918	[1]	11,439		18,100
CASH AND CASH EQUIVALENTS, END OF YEAR	17,612	[1]	14,918	[1]	11,439
SUPPLEMENTAL CASH FLOW INFORMATION
Income taxes paid, net of refunds	1,083		109		1,279
Interest paid	1,324		1,883		1,387
NON-CASH TRANSACTIONS DURING THE YEAR
Treasury Stock shares issued for stock-based compensation programs	115		100		105
Pension Risk Transfer
NON-CASH TRANSACTIONS DURING THE YEAR
Assets received, excluding cash and cash equivalents	2,091		1,435		0
Liabilities assumed	3,739		4,653		0
Net cash received	1,648		3,218		0
Gibraltar BSN Life Berhad
NON-CASH TRANSACTIONS DURING THE YEAR
Assets acquired, excluding cash and cash equivalents acquired	0		656		0
Liabilities assumed	0		586		0
Noncontrolling interest assumed	0		47		0
Net cash paid on acquisition	0		23		0
Hartford
NON-CASH TRANSACTIONS DURING THE YEAR
Assets acquired, excluding cash and cash equivalents acquired	0		0		11,056
Liabilities assumed	0		0		10,568
Net cash paid on acquisition	0		0		488
Common Class B Stock
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on Common Stock	0		(19)		(19)
Common Stock acquired	$ (651)		$ 0		$ 0
[1]	See Note 5 for details of balances associated with variable interest entities.

Business and Basis of Presentat

Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	BUSINESS AND BASIS OF PRESENTATION Prudential Financial, Inc. (“Prudential Financial”) and its subsidiaries (collectively, “Prudential” or the “Company” or “PFI”) provide a wide range of insurance, investment management, and other financial products and services to both individual and institutional customers throughout the United States and in many other countries. Principal products and services provided include life insurance, annuities, retirement-related services, mutual funds and investment management. From December 18, 2001, the date of demutualization, through December 31, 2014, the Company organized its principal operations into the Financial Services Businesses and the Closed Block Business, and had two classes of common stock outstanding. The Common Stock, which is publicly-traded (NYSE:PRU), reflected the performance of the Financial Services Businesses, while the Class B Stock, which was issued through a private placement and did not trade on any exchange, reflected the performance of the Closed Block Business. On January 2, 2015, Prudential Financial repurchased and canceled all of the shares of the Class B Stock (the “Class B Repurchase”). As a result, the Company no longer organizes its principal operations into the Financial Services Businesses and the Closed Block Business. The Company’s principal operations are comprised of four divisions: the U.S. Retirement Solutions and Investment Management division, the U.S. Individual Life and Group Insurance division, the International Insurance division and the Closed Block division. The Company’s Corporate and Other operations include corporate items and initiatives that are not allocated to business segments and businesses that have been or will be divested, excluding the Closed Block division. The Closed Block division includes certain in force participating insurance and annuity products and corresponding assets that are used for the payment of benefits and policyholders’ dividends on these products (the “Closed Block”), as well as certain related assets and liabilities. See Note 12 for further information on the Closed Block. In connection with demutualization, the Company ceased offering these participating products. The Closed Block division is accounted for as a divested business that is reported separately from the divested businesses that are included in the Company’s Corporate and Other operations. Basis of Presentation As a result of the Class B Repurchase and resulting elimination of the separation of the Financial Services Businesses and the Closed Block Business, these Consolidated Financial Statements refer to the divisions and segments of the Company that formerly comprised the Financial Services Businesses as “PFI excluding Closed Block division” and refer to the operations that were formerly included in the Closed Block Business as the “Closed Block division,” except as otherwise noted. Closed Block Business results were associated with the Company’s Class B Stock for periods prior to January 1, 2015. The Consolidated Financial Statements include the accounts of Prudential Financial, entities over which the Company exercises control, including majority-owned subsidiaries and minority-owned entities such as limited partnerships in which the Company is the general partner, and variable interest entities in which the Company is considered the primary beneficiary. See Note 5 for more information on the Company’s consolidated variable interest entities. The Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Intercompany balances and transactions have been eliminated. The Company’s Gibraltar Life Insurance Company, Ltd. (“Gibraltar Life”) consolidated operations use a November 30 fiscal year end for purposes of inclusion in the Company’s Consolidated Financial Statements. Consolidated balance sheet data as of December 31, 2015 and 2014 , include the assets and liabilities of Gibraltar Life as of November 30 for each respective year. Consolidated income statement data for the years ended December 31, 2015 , 2014 and 2013 , include Gibraltar Life’s results of operations for the twelve months ended November 30 for each respective year. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining deferred policy acquisition costs (“DAC”) and related amortization; value of business acquired (“VOBA”) and its amortization; amortization of sales inducements; measurement of goodwill and any related impairment; valuation of investments including derivatives and the recognition of other-than-temporary impairments (“OTTI”); future policy benefits including guarantees; pension and other postretirement benefits; provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal matters. Out of Period Adjustments As previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2014 , during 2014 , the Company recorded out of period adjustments resulting in an aggregate net decrease of $193 million to “Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures” for the year ended December 31, 2014 . Such adjustments were primarily comprised of: 1) a charge of $58 million from an increase in reserves for group long-term disability products; 2) a charge of $43 million from an increase in the deferred profit liability for certain limited pay business within the Gibraltar Life business; and 3) a charge of $35 million from an increase in reserves, net of related amortization of DAC, for certain variable annuities products with optional living benefit guarantees. Subsequent to 2014, the Company identified and recorded additional out of period adjustments of $84 million related to 2014, primarily reflecting a benefit from the release of reserves related to certain variable annuities products with optional living benefit guarantees. Management evaluated the adjustments and concluded that they were not material to any previously reported quarterly or annual financial statements. Reclassifications Certain amounts in prior years have been reclassified to conform to the current year presentation.

Significant Accounting Policies

Significant Accounting Policies and Pronouncements	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies and Pronouncements	SIGNIFICANT ACCOUNTING POLICIES AND PRONOUNCEMENTS Share-Based Payments The Company recognizes the cost resulting from all share-based payments in accordance with the authoritative guidance on accounting for stock based-compensation and applies the fair value-based measurement method in accounting for share-based payment transactions with employees except for equity instruments held by employee share ownership plans. The Company accounts for excess tax benefits in additional paid-in capital as a single “pool” available to all share-based compensation awards. The Company does not recognize excess tax benefits in additional paid-in capital until the benefits result in a reduction in taxes payable. The Company has elected the “tax law ordering methodology” and has adopted a convention that considers excess tax benefits to be the last portion of a net operating loss carryforward to be utilized. The Company accounts for non-employee stock options using the fair value method in accordance with authoritative guidance and related interpretations on accounting for equity instruments that are issued to other than employees for acquiring, or in conjunction with selling, goods or services. Earnings Per Share As discussed in Note 1, from demutualization through December 31, 2014 , the Company had two separate classes of common stock. Basic earnings per share for those periods was computed by dividing available income attributable to each of the two groups of common shareholders by the respective weighted average number of common shares outstanding for the period. Diluted earnings per share included the effect of all dilutive potential common shares that were outstanding during the period. As a result of the Class B Repurchase, earnings per share of Common Stock for 2015 reflects the consolidated earnings of Prudential Financial. Basic earnings per share is computed by dividing available income attributable to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share includes the effect of all dilutive potential common shares that were outstanding during the period. See Note 16 for additional information. As discussed under “Share-Based Payments” above, the Company accounts for excess tax benefits in additional paid-in capital as a single “pool” available to all share-based compensation awards. The Company reflects in assumed proceeds, based on application of the treasury stock method, the excess tax benefits that would be recognized in additional paid-in capital upon exercise or release of the award. Investments and Investment-Related Liabilities The Company’s principal investments are fixed maturities; equity securities; commercial mortgage and other loans; policy loans; other long-term investments, including joint ventures (other than operating joint ventures), limited partnerships, and real estate; and short-term investments. Investments and investment-related liabilities also include securities repurchase and resale agreements and securities lending transactions. The accounting policies related to each are as follows: Fixed maturities are comprised of bonds, notes and redeemable preferred stock. Fixed maturities classified as “available-for-sale” are carried at fair value. See Note 20 for additional information regarding the determination of fair value. Fixed maturities that the Company has both the positive intent and ability to hold to maturity are carried at amortized cost and classified as “held-to-maturity.” The amortized cost of fixed maturities is adjusted for amortization of premiums and accretion of discounts to maturity. Interest income, as well as the related amortization of premium and accretion of discount, is included in “Net investment income” under the effective yield method. For mortgage-backed and asset-backed securities, the effective yield is based on estimated cash flows, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also vary based on other assumptions regarding the underlying collateral, including default rates and changes in value. These assumptions can significantly impact income recognition and the amount of OTTI recognized in earnings and other comprehensive income. For high credit quality mortgage-backed and asset-backed securities (those rated AA or above), cash flows are provided quarterly, and the amortized cost and effective yield of the security are adjusted as necessary to reflect historical prepayment experience and changes in estimated future prepayments. The adjustments to amortized cost are recorded as a charge or credit to net investment income in accordance with the retrospective method. For mortgage-backed and asset-backed securities rated below AA, or those for which an OTTI has been recorded, the effective yield is adjusted prospectively for any changes in estimated cash flows. See the discussion below on realized investment gains and losses for a description of the accounting for impairments. Unrealized gains and losses on fixed maturities classified as “available-for-sale,” net of tax, and the effect on DAC, VOBA, deferred sales inducements (“DSI”), future policy benefits, policyholders’ account balances and policyholders’ dividends that would result from the realization of unrealized gains and losses, are included in “Accumulated other comprehensive income (loss)” (“AOCI”). “Trading account assets supporting insurance liabilities, at fair value” includes invested assets that support certain products included in the Retirement and International Insurance segments which are experience-rated, meaning that the investment results associated with these products are expected to ultimately accrue to contractholders. Realized and unrealized gains and losses for these investments are reported in “Other income.” Interest and dividend income from these investments is reported in “Net investment income.” “Other trading account assets, at fair value” consist primarily of fixed maturities, equity securities, including certain perpetual preferred stock, and certain derivatives. Realized and unrealized gains and losses on these investments are reported in “Other income,” and interest and dividend income from these investments is reported in “Net investment income.” See “Derivative Financial Instruments” below for additional information regarding the accounting for derivatives. “Equity securities available-for-sale, at fair value” are comprised of common stock, mutual fund shares and non-redeemable preferred stock, and are carried at fair value. The associated unrealized gains and losses, net of tax, and the effect on DAC, VOBA, DSI, future policy benefits, policyholders’ account balances and policyholders’ dividends that would result from the realization of unrealized gains and losses, are included in AOCI. The cost of equity securities is written down to fair value when a decline in value is considered to be other-than-temporary. See the discussion below on realized investment gains and losses for a description of the accounting for impairments. Dividends from these investments are recognized in “Net investment income” when earned. “Commercial mortgage and other loans” consist of commercial mortgage loans, agricultural loans, loans backed by residential properties, as well as certain other collateralized and uncollateralized loans. Loans backed by residential properties primarily include recourse loans held by the Company’s international insurance businesses. Uncollateralized loans primarily represent reverse dual currency loans and corporate loans held by the Company’s international insurance businesses. Commercial mortgage and other loans originated and held for investment are generally carried at unpaid principal balance, net of unamortized deferred loan origination fees and expenses, and net of an allowance for losses. The Company carries certain commercial mortgage loans originated within the Company’s commercial mortgage operations at fair value where the fair value option has been elected. Loans held for sale where the Company has not elected the fair value option are carried at the lower of cost or fair value. Commercial mortgage and other loans acquired, including those related to the acquisition of a business, are recorded at fair value when purchased, reflecting any premiums or discounts to unpaid principal balances. Interest income, as well as prepayment fees and the amortization of the related premiums or discounts, related to commercial mortgage and other loans, are included in “Net investment income.” Impaired loans include those loans for which it is probable that amounts due will not all be collected according to the contractual terms of the loan agreement. The Company defines “past due” as principal or interest not collected at least 30 days past the scheduled contractual due date. Interest received on loans that are past due, including impaired and non-impaired loans as well as loans that were previously modified in a troubled debt restructuring, is either applied against the principal or reported as net investment income based on the Company’s assessment as to the collectability of the principal. See Note 4 for additional information about the Company’s past due loans. The Company discontinues accruing interest on loans after the loans become 90 days delinquent as to principal or interest payments, or earlier when the Company has doubts about collectability. When the Company discontinues accruing interest on a loan, any accrued but uncollectible interest on the loan and other loans backed by the same collateral, if any, is charged to interest income in the same period. Generally, a loan is restored to accrual status only after all delinquent interest and principal are brought current and, in the case of loans where the payment of interest has been interrupted for a substantial period, or the loan has been modified, a regular payment performance has been established. The Company reviews the performance and credit quality of the commercial mortgage and other loan portfolio on an on-going basis. Loans are placed on watch list status based on a predefined set of criteria and are assigned one of three categories. Loans are placed on “early warning” status in cases where, based on the Company’s analysis of the loan’s collateral, the financial situation of the borrower or tenants or other market factors, it is believed a loss of principal or interest could occur. Loans are classified as “closely monitored” when it is determined that there is a collateral deficiency or other credit events that may lead to a potential loss of principal or interest. Loans “not in good standing” are those loans where the Company has concluded that there is a high probability of loss of principal, such as when the loan is delinquent or in the process of foreclosure. As described below, in determining the allowance for losses, the Company evaluates each loan on the watch list to determine if it is probable that amounts due will not be collected according to the contractual terms of the loan agreement. Loan-to-value and debt service coverage ratios are measures commonly used to assess the quality of commercial mortgage loans. The loan-to-value ratio compares the amount of the loan to the fair value of the underlying property collateralizing the loan, and is commonly expressed as a percentage. Loan-to-value ratios greater than 100% indicate that the loan amount exceeds the collateral value. A smaller loan-to-value ratio indicates a greater excess of collateral value over the loan amount. The debt service coverage ratio compares a property’s net operating income to its debt service payments. Debt service coverage ratios less than 1.0 times indicate that property operations do not generate enough income to cover the loan’s current debt payments. A larger debt service coverage ratio indicates a greater excess of net operating income over the debt service payments. The values utilized in calculating these ratios are developed as part of the Company’s periodic review of the commercial mortgage loan and agricultural loan portfolio, which includes an internal appraisal of the underlying collateral value. The Company’s periodic review also includes a quality re-rating process, whereby the internal quality rating originally assigned at underwriting is updated based on current loan, property and market information using a proprietary quality rating system. The loan-to-value ratio is the most significant of several inputs used to establish the internal credit rating of a loan which in turn drives the allowance for losses. Other key factors considered in determining the internal credit rating include debt service coverage ratios, amortization, loan term, estimated market value growth rate and volatility for the property type and region. See Note 4 for additional information related to the loan-to-value ratios and debt service coverage ratios related to the Company’s commercial mortgage and agricultural loan portfolios. Loans backed by residential properties and uncollateralized loans are also reviewed periodically. Each loan is assigned an internal or external credit rating. Internal credit ratings take into consideration various factors including financial ratios and qualitative assessments based on non-financial information. In cases where there are personal or third-party guarantors, the credit quality of the guarantor is also reviewed. These factors are used in developing the allowance for losses. Based on the diversity of the loans in these categories and their immateriality, the Company has not disclosed the credit quality indicators related to these loans in Note 4. For those loans not reported at fair value, the allowance for losses includes a loan specific reserve for each impaired loan that has a specifically identified loss and a portfolio reserve for probable incurred but not specifically identified losses. For impaired commercial mortgage and other loans the allowances for losses are determined based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or based upon the fair value of the collateral if the loan is collateral dependent. The portfolio reserves for probable incurred but not specifically identified losses in the commercial mortgage and agricultural loan portfolios consider the current credit composition of the portfolio based on an internal quality rating (as described above). The portfolio reserves are determined using past loan experience, including historical credit migration, loss probability and loss severity factors by property type. These factors are reviewed each quarter and updated as appropriate. The allowance for losses on commercial mortgage and other loans can increase or decrease from period to period based on the factors noted above. “Realized investment gains (losses), net” includes changes in the allowance for losses and changes in value for loans accounted for under the fair value option. “Realized investment gains (losses), net” also includes gains and losses on sales, certain restructurings, and foreclosures. When a commercial mortgage or other loan is deemed to be uncollectible, any specific valuation allowance associated with the loan is reversed and a direct write-down to the carrying amount of the loan is made. The carrying amount of the loan is not adjusted for subsequent recoveries in value. Commercial mortgage and other loans are occasionally restructured in a troubled debt restructuring. These restructurings generally include one or more of the following: full or partial payoffs outside of the original contract terms; changes to interest rates; extensions of maturity; or additions or modifications to covenants. Additionally, the Company may accept assets in full or partial satisfaction of the debt as part of a troubled debt restructuring. When restructurings occur, they are evaluated individually to determine whether the restructuring or modification constitutes a “troubled debt restructuring” as defined by authoritative accounting guidance. If the borrower is experiencing financial difficulty and the Company has granted a concession, the restructuring, including those that involve a partial payoff or the receipt of assets in full satisfaction of the debt is deemed to be a troubled debt restructuring. Based on the Company’s credit review process described above, these loans generally would have been deemed impaired prior to the troubled debt restructuring, and specific allowances for losses would have been established prior to the determination that a troubled debt restructuring has occurred. In a troubled debt restructuring where the Company receives assets in full satisfaction of the debt, any specific valuation allowance is reversed and a direct write-down of the loan is recorded for the amount of the allowance, and any additional loss, net of recoveries, or any gain is recorded for the difference between the fair value of the assets received and the recorded investment in the loan. When assets are received in partial settlement, the same process is followed, and the remaining loan is evaluated prospectively for impairment based on the credit review process noted above. When a loan is restructured in a troubled debt restructuring, the impairment of the loan is remeasured using the modified terms and the loan’s original effective yield, and the allowance for loss is adjusted accordingly. Subsequent to the modification, income is recognized prospectively based on the modified terms of the loans in accordance with the income recognition policy noted above. Additionally, the loan continues to be subject to the credit review process noted above. In situations where a loan has been restructured in a troubled debt restructuring and the loan has subsequently defaulted, this factor is considered when evaluating the loan for a specific allowance for losses in accordance with the credit review process noted above. See Note 4 for additional information about commercial mortgage and other loans that have been restructured in a troubled debt restructuring. “Policy loans” are carried at unpaid principal balances. Interest income on policy loans is recognized in net investment income at the contract interest rate when earned. Policy loans are fully collateralized by the cash surrender value of the associated insurance policies. “Other long-term investments” consist of the Company’s non-coupon investments in joint ventures and limited partnerships, other than operating joint ventures, as well as wholly-owned investment real estate and other investments. Joint venture and partnership interests are either accounted for using the equity method of accounting or under the cost method when the Company’s partnership interest is so minor (generally less than 3% ) that it exercises virtually no influence over operating and financial policies. The Company’s income from investments in joint ventures and partnerships accounted for using the equity method or the cost method, other than the Company’s investment in operating joint ventures, is included in “Net investment income.” The carrying value of these investments is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. In applying the equity method or the cost method (including assessment for OTTI), the Company uses financial information provided by the investee, generally on a one to three month lag. The Company consolidates joint ventures and limited partnerships in certain other instances where it is deemed to exercise control, or is considered the primary beneficiary of a variable interest entity. See Note 5 for additional information about variable interest entities. The Company’s wholly-owned investment real estate consists of real estate which the Company has the intent to hold for the production of income as well as real estate held for sale. Real estate which the Company has the intent to hold for the production of income is carried at depreciated cost less any writedowns to fair value for impairment losses and is reviewed for impairment whenever events or circumstances indicate that the carrying value may not be recoverable. Real estate held for sale is carried at the lower of depreciated cost or fair value less estimated selling costs and is not further depreciated once classified as such. An impairment loss is recognized when the carrying value of the investment real estate exceeds the estimated undiscounted future cash flows (excluding interest charges) from the investment. At that time, the carrying value of the investment real estate is written down to fair value. Decreases in the carrying value of investment real estate held for the production of income due to OTTI are recorded in “Realized investment gains (losses), net.” Depreciation on real estate held for the production of income is computed using the straight-line method over the estimated lives of the properties, and is included in “Net investment income.” In the period a real estate investment is deemed held for sale and meets all of the discontinued operation criteria, the Company reports all related net investment income and any resulting investment gains and losses as discontinued operations for all periods presented. “Short-term investments” primarily consist of highly liquid debt instruments with a maturity of twelve months or less and greater than three months when purchased, other than those debt instruments meeting this definition that are included in “Trading account assets supporting insurance liabilities, at fair value.” These investments are generally carried at fair value and include certain money market investments, short-term debt securities issued by government-sponsored entities and other highly liquid debt instruments. Realized investment gains (losses) are computed using the specific identification method with the exception of some of the Company’s International Insurance businesses’ portfolios, where the average cost method is used. Realized investment gains and losses are generated from numerous sources, including the sale of fixed maturity securities, equity securities, investments in joint ventures and limited partnerships and other types of investments, as well as adjustments to the cost basis of investments for net OTTI recognized in earnings. Realized investment gains and losses are also generated from prepayment premiums received on private fixed maturity securities, allowance for losses on commercial mortgage and other loans, fair value changes on commercial mortgage loans carried at fair value, and fair value changes on embedded derivatives and free-standing derivatives that do not qualify for hedge accounting treatment. See “Derivative Financial Instruments” below for additional information regarding the accounting for derivatives. The Company’s available-for-sale and held-to-maturity securities with unrealized losses are reviewed quarterly to identify OTTI in value. In evaluating whether a decline in value is other-than-temporary, the Company considers several factors including, but not limited to the following: (1) the extent and the duration of the decline; (2) the reasons for the decline in value (credit event, currency or interest-rate related, including general credit spread widening); and (3) the financial condition of and near-term prospects of the issuer. With regard to available-for-sale equity securities, the Company also considers the ability and intent to hold the investment for a period of time to allow for a recovery of value. When it is determined that a decline in value of an equity security is other-than-temporary, the carrying value of the equity security is reduced to its fair value, with a corresponding charge to earnings. An OTTI is recognized in earnings for a debt security in an unrealized loss position when either (a) the Company has the intent to sell the debt security or (b) it is more likely than not the Company will be required to sell the debt security before its anticipated recovery. For all debt securities in unrealized loss positions that do not meet either of these two criteria, the Company analyzes its ability to recover the amortized cost by comparing the net present value of projected future cash flows with the amortized cost of the security. The net present value is calculated by discounting the Company’s best estimate of projected future cash flows at the effective interest rate implicit in the debt security prior to impairment. The Company may use the estimated fair value of collateral as a proxy for the net present value if it believes that the security is dependent on the liquidation of collateral for recovery of its investment. If the net present value is less than the amortized cost of the investment, an OTTI is recognized. In addition to the above mentioned circumstances, the Company also recognizes an OTTI in earnings when a non-functional currency denominated security in an unrealized loss position due to currency exchange rates approaches maturity. When an OTTI of a debt security has occurred, the amount of the OTTI recognized in earnings depends on whether the Company intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis. If the debt security meets either of these two criteria or the unrealized losses due to changes in foreign currency exchange rates are not expected to be recovered before maturity, the OTTI recognized in earnings is equal to the entire difference between the security’s amortized cost basis and its fair value at the impairment measurement date. For OTTI of debt securities that do not meet these criteria, the net amount recognized in earnings is equal to the difference between the amortized cost of the debt security and its net present value calculated as described above. Any difference between the fair value and the net present value of the debt security at the impairment measurement date is recorded in “Other comprehensive income (loss).” Unrealized gains or losses on securities for which an OTTI has been recognized in earnings is tracked as a separate component of AOCI. For debt securities, the split between the amount of an OTTI recognized in other comprehensive income and the net amount recognized in earnings is driven principally by assumptions regarding the amount and timing of projected cash flows. For mortgage-backed and asset-backed securities, cash flow estimates consider the payment terms of the underlying assets backing a particular security, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also include other assumptions regarding the underlying collateral including default rates and recoveries, which vary based on the asset type and geographic location, as well as the vintage year of the security. For structured securities, the payment priority within the tranche structure is also considered. For all other debt securities, cash flow estimates are driven by assumptions regarding probability of default and estimates regarding timing and amount of recoveries associated with a default. The Company has developed these estimates using information based on its historical experience as well as using market observable data, such as industry analyst reports and forecasts, sector credit ratings and other data relevant to the collectability of a security, such as the general payment terms of the security and the security’s position within the capital structure of the issuer. The new cost basis of an impaired security is not adjusted for subsequent increases in estimated fair value. In periods subsequent to the recognition of an OTTI, the impaired security is accounted for as if it had been purchased on the measurement date of the impairment. For debt securities, the discount (or reduced premium) based on the new cost basis may be accreted into net investment income in future periods, including increases in cash flow on a prospective basis. In certain cases where there are decreased cash flow expectations, the security is reviewed for further cash flow impairments. Unrealized investment gains and losses are also considered in determining certain other balances, including DAC, VOBA, DSI, certain future policy benefits, policyholders’ account balances, policyholders’ dividends and deferred tax assets or liabilities. These balances are adjusted, as applicable, for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. Each of these balances is discussed in greater detail below. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks, certain money market investments and other debt instruments with maturities of three months or less when purchased, other than cash equivalents that are included in “Trading account assets supporting insurance liabilities, at fair value.” DAC Costs that are related directly to the successful acquisition of new and renewal insurance and annuity business are deferred to the extent such costs are deemed recoverable from future profits. Such DAC primarily includes commissions, costs of policy issuance and underwriting, and certain other expenses that are directly related to successfully negotiated contracts. In each reporting period, capitalized DAC is amortized to “Amortization of DAC,” net of the accrual of imputed interest on DAC balances. DAC is subject to periodic recoverability testing. DAC, for applicable products, is adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. For traditional participating life insurance included in the Closed Block, DAC is amortized over the expected life of the contracts in proportion to gross margins based on historical and anticipated future experience, which is evaluated regularly. The effect of changes in estimated gross margins on unamortized DAC is reflected in the period such estimated gross margins are revised. DAC related to universal and variable life products and fixed and variable deferred annuity products are generally deferred and amortized over the expected life of the contracts in proportion to gross profits arising principally from investment margins, mortality and expense margins, and surrender charges, based on historical and anticipated future experience, which is updated periodically. The Company uses a reversion to the mean approach for equities to derive future equity return assumptions. However, if the projected equity return calculated using this approach is greater than the maximum equity return assumption, the maximum equity return is utilized. Gross profits also include impacts from the embedded derivatives associated with certain of the optional living benefit features of the Company’s variable annuity contracts and related hedging activities. The effect of changes to total gross profits on unamortized DAC is reflected in the period such total gross profits are revised. DAC related to non-participating traditional individual life insurance and longevity reinsurance contracts is amortized in proportion to gross premiums. For group annuity contracts (other than single premium group annuities), acquisition costs are generally deferred and amortized over the expected life of the contracts in proportion to gross profits. For group corporate-, bank- and trust-owned life insurance contracts, acquisition costs are generally deferred and amortized in proportion to lives insured. For single premium immediate annuities with life contingencies, single premium group annuities, including non-participating group annuity contracts, and single premium structured settlements with life contingencies, all acquisition costs are charged to expense immediately because generally all premiums are received at the inception of the contract. For funding agreement notes contracts, single premium structured settlement contracts without life contingencies, and single premium immediate annuities without life contingencies, acquisition expenses are deferred and amortized over the expected life of the contracts using the interest method. For other group life and disability insurance contracts and guaranteed inve

Acquisitions and Dispositions

Acquisitions and Dispositions	12 Months Ended
	Dec. 31, 2015
Acquisitions and Dispositions [Abstract]
Acquisitions and Dispositions	ACQUISITIONS AND DISPOSITIONS Acquisition of Deutsche Bank’s India Asset Management Business In August 2015, the Company and its asset management joint venture partner in India agreed to acquire Deutsche Bank’s India asset management business through the joint venture. The transaction, which is subject to customary closing conditions, has received regulatory approval and is expected to close in the first quarter of 2016. This acquisition, which will expand the Company’s investment management expertise, distribution platform and product portfolio in India, will not have a material impact on the Company’s financial results. Acquisition of Administradora de Fondos de Pensiones Habitat S.A. In October 2014, the Company announced that it has entered into a memorandum of understanding with Inversiones La Construcción S.A. (“ILC”), the investment subsidiary of the Chilean Construction Chamber, to acquire an indirect ownership interest in Administradora de Fondos de Pensiones Habitat S.A. (“AFP Habitat”), a leading provider of retirement services in Chile. The Company expects to acquire indirectly between approximately 34% and 40% of AFP Habitat from ILC, depending on the results of a pre-closing partial tender offer by ILC to acquire up to 13% of AFP Habitat’s outstanding shares from public shareholders. The Company would acquire its indirect interest in the AFP Habitat shares from subsidiaries of ILC for 899.90 Chilean pesos per share, for a total purchase price of approximately $430 million to $510 million at current exchange rates as of January 28, 2016. It is expected that the transaction would result in equal ownership positions for the Company and ILC, with a controlling stake in AFP Habitat held through a joint holding company. In March 2015, the Company and ILC signed definitive documentation for the previously disclosed acquisition of AFP Habitat. The transaction, which is subject to certain conditions, has received regulatory approval and is expected to close in the first quarter of 2016 . This acquisition will enable the Company to participate in the growing Chilean pension market. Acquisition of UniAsia Life Assurance In January 2014, the Company completed the acquisition of UniAsia Life Assurance Berhad, an established life insurance company in Malaysia, through the formation of a joint venture with Bank Simpanan Nasional (“BSN”), a bank owned by the Malaysian government. The joint venture paid cash consideration of $158 million , 70% of which was provided by Prudential Insurance and 30% of which was provided by BSN. This acquisition is part of the Company’s strategic initiative to further expand its business in Southeast Asian markets. Subsequent to the acquisition, the Company renamed the acquired company Gibraltar BSN Life Berhad. The assets acquired and the liabilities assumed have been included in the Company’s Consolidated Financial Statements as of the acquisition date. After adjustments, total assets acquired were $758 million , including $88 million of cash and cash equivalents and $33 million of goodwill, none of which is deductible for local tax purposes, and the total liabilities assumed were $600 million . Prudential Financial made a Section 338(g) election under the Internal Revenue Code with respect to this acquisition, resulting in the acquired entity being treated for U.S. tax purposes as a newly-incorporated company. Under such election, the U.S. tax basis of the assets acquired and liabilities assumed of UniAsia Life Assurance Berhad was adjusted as of January 2, 2014, to reflect the consequences of the Section 338(g) election. Acquisition of The Hartford’s Individual Life Insurance Business In January 2013, the Company acquired the Hartford Life Business through a reinsurance transaction. Under the agreement, the Company paid cash consideration of $615 million , primarily in the form of a ceding commission to provide reinsurance for approximately 700,000 life insurance policies with net retained face amount in force of approximately $141 billion . The acquisition increased the Company’s scale in the U.S. individual life insurance market, particularly universal life products, and provides complementary distribution opportunities through expanded wirehouse and bank distribution channels. The assets acquired and liabilities assumed have been included in the Company’s Consolidated Financial Statements as of the acquisition date. Total assets acquired were $11.2 billion , including $1.4 billion of VOBA and $0.1 billion of cash, and total liabilities assumed were $10.6 billion . There is no goodwill, including tax deductible goodwill, associated with the acquisition. Sale of Wealth Management Solutions Business In April 2013, the Company signed a definitive agreement to sell its wealth management solutions business to Envestnet Inc. The transaction, which did not have a material impact to the Company’s financial results, closed in July 2013. Due to the existence of an ongoing contractual relationship between the Company and these operations, this disposition did not qualify for discontinued operations accounting treatment under U.S. GAAP.

Investments

Investments	12 Months Ended
	Dec. 31, 2015
Investments [Abstract]
Investments	INVESTMENTS Fixed Maturities and Equity Securities The following tables provide information relating to fixed maturities and equity securities (excluding investments classified as trading) as of the dates indicated: December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(4) (in millions) Fixed maturities, available-for-sale U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 14,992 $ 3,544 $ 19 $ 18,517 $ 0 Obligations of U.S. states and their political subdivisions 8,089 747 41 8,795 0 Foreign government bonds 71,849 12,011 147 83,713 1 U.S. corporate public securities 70,979 6,344 1,955 75,368 (3 ) U.S. corporate private securities(1) 28,525 2,278 359 30,444 0 Foreign corporate public securities 26,354 2,821 621 28,554 0 Foreign corporate private securities 19,393 739 994 19,138 0 Asset-backed securities(2) 10,121 226 121 10,226 (452 ) Commercial mortgage-backed securities 10,337 195 70 10,462 (1 ) Residential mortgage-backed securities(3) 4,777 335 6 5,106 (4 ) Total fixed maturities, available-for-sale(1) $ 265,416 $ 29,240 $ 4,333 $ 290,323 $ (459 ) Equity securities, available-for-sale $ 6,847 $ 2,570 $ 143 $ 9,274 December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Fixed maturities, held-to-maturity Foreign government bonds $ 816 $ 196 $ 0 $ 1,012 Foreign corporate public securities 625 62 0 687 Foreign corporate private securities(5) 78 4 0 82 Commercial mortgage-backed securities 33 1 0 34 Residential mortgage-backed securities(3) 756 53 0 809 Total fixed maturities, held-to-maturity(5) $ 2,308 $ 316 $ 0 $ 2,624 __________ (1) Excludes notes with amortized cost of $1,050 million (fair value, $1,039 million ) which have been offset with the associated payables under a netting agreement. (2) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Represents the amount of OTTI losses in AOCI, which were not included in earnings. Amount excludes $693 million of net unrealized gains on impaired available-for-sale securities and less than $1 million of net unrealized gains on impaired held-to-maturity securities relating to changes in the value of such securities subsequent to the impairment measurement date. (5) Excludes notes with amortized cost of $3,850 million (fair value, $4,081 million ) which have been offset with the associated payables under a netting agreement. December 31, 2014(6) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(4) (in millions) Fixed maturities, available-for-sale U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 15,807 $ 4,321 $ 5 $ 20,123 $ 0 Obligations of U.S. states and their political subdivisions 5,720 814 3 6,531 0 Foreign government bonds 69,894 11,164 117 80,941 (1 ) U.S. corporate public securities 70,960 9,642 536 80,066 (6 ) U.S. corporate private securities(1) 27,767 3,082 89 30,760 0 Foreign corporate public securities 27,515 3,768 214 31,069 0 Foreign corporate private securities 17,389 1,307 215 18,481 0 Asset-backed securities(2) 10,966 353 134 11,185 (592 ) Commercial mortgage-backed securities 13,486 430 39 13,877 (1 ) Residential mortgage-backed securities(3) 5,612 448 3 6,057 (5 ) Total fixed maturities, available-for-sale(1) $ 265,116 $ 35,329 $ 1,355 $ 299,090 $ (605 ) Equity securities, available-for-sale $ 6,921 $ 3,023 $ 83 $ 9,861 December 31, 2014(6) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Fixed maturities, held-to-maturity Foreign government bonds $ 821 $ 184 $ 0 $ 1,005 Foreign corporate public securities 635 64 1 698 Foreign corporate private securities(5) 78 4 0 82 Commercial mortgage-backed securities 78 7 0 85 Residential mortgage-backed securities(3) 963 69 0 1,032 Total fixed maturities, held-to-maturity(5) $ 2,575 $ 328 $ 1 $ 2,902 __________ (1) Excludes notes with amortized cost of $385 million (fair value, $385 million ) which have been offset with the associated payables under a netting agreement. (2) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans, and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Represents the amount of OTTI losses in AOCI, which were not included in earnings. Amount excludes $954 million of net unrealized gains on impaired available-for-sale securities and $1 million of net unrealized gains on impaired held-to-maturity securities relating to changes in the value of such securities subsequent to the impairment measurement date. (5) Excludes notes with amortized cost of $3,588 million (fair value, $3,953 million ) which have been offset with the associated payables under a netting agreement. (6) Prior period amounts are presented on a basis consistent with the current period presentation. The amortized cost and fair value of fixed maturities by contractual maturities at December 31, 2015 , are as follows: December 31, 2015 Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value (in millions) Due in one year or less $ 8,599 $ 9,200 $ 0 $ 0 Due after one year through five years 46,088 50,303 73 78 Due after five years through ten years 57,566 62,024 437 485 Due after ten years(1) 127,928 143,002 1,009 1,218 Asset-backed securities 10,121 10,226 0 0 Commercial mortgage-backed securities 10,337 10,462 33 34 Residential mortgage-backed securities 4,777 5,106 756 809 Total $ 265,416 $ 290,323 $ 2,308 $ 2,624 __________ (1) Excludes available-for-sale notes with amortized cost of $1,050 million (fair value, $1,039 million ) and held-to-maturity notes with amortized cost of $3,850 million (fair value, $4,081 million ), which have been offset with the associated payables under a netting agreement. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Asset-backed, commercial mortgage-backed, and residential mortgage-backed securities are shown separately in the table above, as they are not due at a single maturity date. The following table depicts the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on impairments of both fixed maturities and equity securities: 2015 2014 2013 (in millions) Fixed maturities, available-for-sale Proceeds from sales $ 27,679 $ 28,359 $ 37,248 Proceeds from maturities/repayments 19,559 21,040 23,573 Gross investment gains from sales, prepayments, and maturities 2,115 1,664 1,571 Gross investment losses from sales and maturities (340 ) (414 ) (1,465 ) Fixed maturities, held-to-maturity Gross investment gains from prepayments $ 0 $ 0 $ 0 Proceeds from maturities/repayments 235 415 583 Equity securities, available-for-sale Proceeds from sales $ 4,589 $ 4,993 $ 4,235 Gross investment gains from sales 746 676 554 Gross investment losses from sales (169 ) (132 ) (94 ) Fixed maturity and equity security impairments Net writedowns for other-than-temporary impairment losses on fixed maturities recognized in earnings(1) $ (141 ) $ (56 ) $ (200 ) Writedowns for impairments on equity securities (126 ) (32 ) (15 ) __________ (1) Excludes the portion of OTTI recorded in “Other comprehensive income (loss),” representing any difference between the fair value of the impaired debt security and the net present value of its projected future cash flows at the time of impairment. As discussed in Note 2, a portion of certain OTTI losses on fixed maturity securities is recognized in “Other comprehensive income (loss)”. For these securities, the net amount recognized in earnings (“credit loss impairments”) represents the difference between the amortized cost of the security and the net present value of its projected future cash flows discounted at the effective interest rate implicit in the debt security prior to impairment. Any remaining difference between the fair value and amortized cost is recognized in “Other comprehensive income (loss)”. The following table sets forth the amount of pre-tax credit loss impairments on fixed maturity securities held by the Company as of the dates indicated, for which a portion of the OTTI loss was recognized in “Other comprehensive income (loss)”, and the corresponding changes in such amounts: Year Ended December 31, 2015 2014 (in millions) Balance, beginning of period $ 781 $ 968 Credit loss impairments previously recognized on securities which matured, paid down, prepaid or were sold during the period (243 ) (230 ) Credit loss impairments previously recognized on securities impaired to fair value during the period(1) (20 ) (6 ) Credit loss impairments recognized in the current period on securities not previously impaired 3 16 Additional credit loss impairments recognized in the current period on securities previously impaired 3 6 Increases due to the passage of time on previously recorded credit losses 20 42 Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected (12 ) (15 ) Balance, end of period $ 532 $ 781 __________ (1) Represents circumstances where the Company determined in the current period that it intends to sell the security or it is more likely than not that it will be required to sell the security before recovery of the security’s amortized cost. Trading Account Assets Supporting Insurance Liabilities The following table sets forth the composition of “Trading account assets supporting insurance liabilities” as of the dates indicated: December 31, 2015 December 31, 2014 Amortized Cost Fair Value Amortized Cost Fair Value (in millions) Short-term investments and cash equivalents $ 765 $ 765 $ 196 $ 196 Fixed maturities: Corporate securities 12,797 12,851 11,922 12,439 Commercial mortgage-backed securities 1,860 1,862 2,505 2,546 Residential mortgage-backed securities(1) 1,411 1,428 1,640 1,676 Asset-backed securities(2) 1,295 1,299 1,180 1,198 Foreign government bonds 680 694 621 650 U.S. government authorities and agencies and obligations of U.S. states 326 369 303 372 Total fixed maturities 18,369 18,503 18,171 18,881 Equity securities 1,030 1,254 896 1,186 Total trading account assets supporting insurance liabilities $ 20,164 $ 20,522 $ 19,263 $ 20,263 __________ (1) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (2) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. The net change in unrealized gains (losses) from trading account assets supporting insurance liabilities still held at period end, recorded within “Other income,” was $(642) million , $144 million and $(485) million during the years ended December 31, 2015 , 2014 and 2013 , respectively. Other Trading Account Assets The following table sets forth the composition of the “Other trading account assets” as of the dates indicated: December 31, 2015 December 31, 2014 Amortized Cost Fair Value Amortized Cost Fair Value (in millions) Short-term investments and cash equivalents $ 26 $ 26 $ 27 $ 27 Fixed maturities 11,132 10,764 8,306 8,282 Equity securities 1,006 1,098 992 1,105 Other 12 15 7 11 Subtotal $ 12,176 11,903 $ 9,332 9,425 Derivative instruments 2,555 1,449 Total other trading account assets $ 14,458 $ 10,874 The net change in unrealized gains (losses) from other trading account assets, excluding derivative instruments, still held at period end, recorded within “Other income,” was $(366) million , $(108) million and $188 million during the years ended December 31, 2015 , 2014 and 2013 , respectively. Concentrations of Financial Instruments The Company monitors its concentrations of financial instruments and mitigates credit risk by maintaining a diversified investment portfolio which limits exposure to any one issuer. As of both December 31, 2015 and 2014 , the Company’s exposure to concentrations of credit risk of single issuers greater than 10% of the Company’s stockholders’ equity included securities of the U.S. government, certain U.S. government agencies and certain securities guaranteed by the U.S. government, as well as the securities disclosed below. December 31, 2015 December 31, 2014 Amortized Cost Fair Value Amortized Cost Fair Value (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 53,851 $ 61,911 $ 52,703 $ 60,379 Fixed maturities, held-to-maturity 796 988 801 981 Trading account assets supporting insurance liabilities 492 502 457 470 Other trading account assets 33 33 36 36 Short-term investments 0 0 0 0 Cash equivalents 0 0 0 0 Total $ 55,172 $ 63,434 $ 53,997 $ 61,866 December 31, 2015 December 31, 2014 Amortized Cost Fair Value Amortized Cost Fair Value (in millions) Investments in South Korean government and government agency securities: Fixed maturities, available-for-sale $ 7,191 $ 9,233 $ 6,927 $ 8,438 Fixed maturities, held-to-maturity 0 0 0 0 Trading account assets supporting insurance liabilities 44 44 49 50 Other trading account assets 0 0 0 0 Short-term investments 0 0 0 0 Cash equivalents 0 0 0 0 Total $ 7,235 $ 9,277 $ 6,976 $ 8,488 Commercial Mortgage and Other Loans The Company’s commercial mortgage and other loans are comprised as follows, as of the dates indicated: December 31, 2015 December 31, 2014 Amount (in millions) % of Total Amount (in millions) % of Total Commercial mortgage and agricultural property loans by property type: Office $ 11,226 22.9 % $ 9,612 21.5 % Retail 8,917 18.2 8,765 19.6 Apartments/Multi-Family 12,034 24.5 10,369 23.2 Industrial 7,775 15.9 7,628 16.9 Hospitality 2,513 5.1 2,270 5.1 Other 3,722 7.6 3,659 8.2 Total commercial mortgage loans 46,187 94.2 42,303 94.5 Agricultural property loans 2,859 5.8 2,445 5.5 Total commercial mortgage and agricultural property loans by property type 49,046 100.0 % 44,748 100.0 % Valuation allowance (99 ) (105 ) Total net commercial mortgage and agricultural property loans by property type 48,947 44,643 Other loans: Uncollateralized loans 1,012 1,092 Residential property loans 301 392 Other collateralized loans 312 319 Total other loans 1,625 1,803 Valuation allowance (13 ) (14 ) Total net other loans 1,612 1,789 Total commercial mortgage and other loans(1) $ 50,559 $ 46,432 __________ (1) Includes loans held at fair value. The commercial mortgage and agricultural property loans are geographically dispersed throughout the United States (with the largest concentrations in California ( 26% ), New York ( 9% ) and Texas ( 9% )), and include loans secured by properties in Europe ( 4% ) and Asia ( 1% ) at December 31, 2015 . Activity in the allowance for credit losses for all commercial mortgage and other loans, as of the dates indicated, is as follows: December 31, 2015 Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Allowance for credit losses, beginning of year $ 104 $ 1 $ 5 $ 0 $ 9 $ 119 Addition to (release of) allowance of losses (7 ) 1 (2 ) 0 1 (7 ) Charge-offs, net of recoveries 0 0 0 0 0 0 Change in foreign exchange 0 0 0 0 0 0 Total ending balance $ 97 $ 2 $ 3 $ 0 $ 10 $ 112 December 31, 2014 Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Allowance for credit losses, beginning of year $ 188 $ 7 $ 6 $ 3 $ 12 $ 216 Addition to (release of) allowance of losses (77 ) (6 ) (1 ) (1 ) (2 ) (87 ) Charge-offs, net of recoveries (7 ) 0 0 (2 ) 0 (9 ) Change in foreign exchange 0 0 0 0 (1 ) (1 ) Total ending balance $ 104 $ 1 $ 5 $ 0 $ 9 $ 119 The following tables set forth the allowance for credit losses and the recorded investment in commercial mortgage and other loans as of the dates indicated: December 31, 2015 Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Allowance for Credit Losses: Individually evaluated for impairment $ 1 $ 0 $ 0 $ 0 $ 0 $ 1 Collectively evaluated for impairment 96 2 3 0 10 111 Loans acquired with deteriorated credit quality 0 0 0 0 0 0 Total ending balance $ 97 $ 2 $ 3 $ 0 $ 10 $ 112 Recorded Investment(1): Gross of reserves: individually evaluated for impairment $ 111 $ 8 $ 0 $ 0 $ 2 $ 121 Gross of reserves: collectively evaluated for impairment 46,076 2,851 301 312 1,010 50,550 Gross of reserves: loans acquired with deteriorated credit quality 0 0 0 0 0 0 Total ending balance, gross of reserves $ 46,187 $ 2,859 $ 301 $ 312 $ 1,012 $ 50,671 __________ (1) Recorded investment reflects the balance sheet carrying value gross of related allowance. December 31, 2014(1) Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Allowance for Credit Losses: Individually evaluated for impairment $ 8 $ 0 $ 0 $ 0 $ 0 $ 8 Collectively evaluated for impairment 96 1 5 0 9 111 Loans acquired with deteriorated credit quality 0 0 0 0 0 0 Total ending balance $ 104 $ 1 $ 5 $ 0 $ 9 $ 119 Recorded Investment(2): Gross of reserves: individually evaluated for impairment $ 247 $ 4 $ 0 $ 1 $ 2 $ 254 Gross of reserves: collectively evaluated for impairment 42,056 2,441 392 318 1,090 46,297 Gross of reserves: loans acquired with deteriorated credit quality 0 0 0 0 0 0 Total ending balance, gross of reserves $ 42,303 $ 2,445 $ 392 $ 319 $ 1,092 $ 46,551 __________ (1) Prior period amounts are presented on a basis consistent with current period presentation. (2) Recorded investment reflects the balance sheet carrying value gross of related allowance. Impaired loans include those loans for which it is probable that all amounts due will not be collected according to the contractual terms of the loan agreement. Impaired commercial mortgage and other loans identified in management’s specific review of probable loan losses and the related allowance for losses, as of the dates indicated, are as follows: December 31, 2015 Recorded Investment(1) Unpaid Principal Balance Related Allowance Average Recorded Investment Before Allowance(2) Interest Income Recognized(3) (in millions) With no related allowance recorded: Commercial mortgage loans $ 0 $ 0 $ 0 $ 0 $ 0 Agricultural property loans 0 0 0 2 0 Residential property loans 0 0 0 0 0 Other collateralized loans 0 0 0 0 0 Uncollateralized loans 0 1 0 0 0 Total with no related allowance $ 0 $ 1 $ 0 $ 2 $ 0 With an allowance recorded: Commercial mortgage loans $ 1 $ 1 $ 1 $ 52 $ 3 Agricultural property loans 0 0 0 0 0 Residential property loans 0 0 0 0 0 Other collateralized loans 0 0 0 0 0 Uncollateralized loans 0 0 0 0 0 Total with related allowance $ 1 $ 1 $ 1 $ 52 $ 3 Total: Commercial mortgage loans $ 1 $ 1 $ 1 $ 52 $ 3 Agricultural property loans 0 0 0 2 0 Residential property loans 0 0 0 0 0 Other collateralized loans 0 0 0 0 0 Uncollateralized loans 0 1 0 0 0 Total $ 1 $ 2 $ 1 $ 54 $ 3 __________ (1) Recorded investment reflects the balance sheet carrying value gross of related allowance. (2) Average recorded investment represents the average of the beginning-of-period and all subsequent quarterly end-of-period balances. (3) The interest income recognized is for the year-to-date income regardless of when the impairment occurred. December 31, 2014 Recorded Investment(1) Unpaid Principal Balance Related Allowance Average Recorded Investment Before Allowance(2) Interest Income Recognized(3) (in millions) With no related allowance recorded: Commercial mortgage loans $ 8 $ 8 $ 0 $ 16 $ 1 Agricultural property loans 4 4 0 4 0 Residential property loans 0 0 0 0 0 Other collateralized loans 0 0 0 0 0 Uncollateralized loans 0 1 0 0 0 Total with no related allowance $ 12 $ 13 $ 0 $ 20 $ 1 With an allowance recorded: Commercial mortgage loans $ 76 $ 76 $ 8 $ 82 $ 6 Agricultural property loans 0 0 0 0 0 Residential property loans 0 0 0 0 0 Other collateralized loans 0 0 0 3 1 Uncollateralized loans 0 0 0 0 0 Total with related allowance $ 76 $ 76 $ 8 $ 85 $ 7 Total: Commercial mortgage loans $ 84 $ 84 $ 8 $ 98 $ 7 Agricultural property loans 4 4 0 4 0 Residential property loans 0 0 0 0 0 Other collateralized loans 0 0 0 3 1 Uncollateralized loans 0 1 0 0 0 Total $ 88 $ 89 $ 8 $ 105 $ 8 __________ (1) Recorded investment reflects the balance sheet carrying value gross of related allowance. (2) Average recorded investment represents the average of the beginning-of-period and all subsequent quarterly end-of-period balances. (3) The interest income recognized is for the year-to-date income regardless of when the impairments occurred. The net carrying value of commercial and other loans held for sale by the Company as of December 31, 2015 and 2014 , was $274 million and $380 million , respectively. For all of these loans, the Company pre-arranges that it will sell the loan to an investor. As of both December 31, 2015 and 2014 , all of the Company’s commercial and other loans held for sale were collateralized, with collateral primarily consisting of apartment complexes. The following tables set forth certain key credit quality indicators as of December 31, 2015 , based upon the recorded investment gross of allowance for credit losses. Commercial mortgage loans Debt Service Coverage Ratio—December 31, 2015 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in millions) Loan-to-Value Ratio 0%-59.99% $ 25,978 $ 515 $ 207 $ 26,700 60%-69.99% 12,191 395 234 12,820 70%-79.99% 5,668 500 97 6,265 Greater than 80% 119 151 132 402 Total commercial mortgage loans $ 43,956 $ 1,561 $ 670 $ 46,187 Agricultural property loans Debt Service Coverage Ratio—December 31, 2015 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in millions) Loan-to-Value Ratio 0%-59.99% $ 2,587 $ 84 $ 3 $ 2,674 60%-69.99% 185 0 0 185 70%-79.99% 0 0 0 0 Greater than 80% 0 0 0 0 Total agricultural property loans $ 2,772 $ 84 $ 3 $ 2,859 Total commercial mortgage and agricultural property loans Debt Service Coverage Ratio—December 31, 2015 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in millions) Loan-to-Value Ratio 0%-59.99% $ 28,565 $ 599 $ 210 $ 29,374 60%-69.99% 12,376 395 234 13,005 70%-79.99% 5,668 500 97 6,265 Greater than 80% 119 151 132 402 Total commercial mortgage and agricultural property loans $ 46,728 $ 1,645 $ 673 $ 49,046 The following tables set forth certain key credit quality indicators as of December 31, 2014 , based upon the recorded investment gross of allowance for credit losses. Commercial mortgage loans Debt Service Coverage Ratio—December 31, 2014 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in millions) Loan-to-Value Ratio 0%-59.99% $ 22,557 $ 637 $ 207 $ 23,401 60%-69.99% 12,563 500 237 13,300 70%-79.99% 4,354 664 21 5,039 Greater than 80% 234 127 202 563 Total commercial mortgage loans $ 39,708 $ 1,928 $ 667 $ 42,303 Agricultural property loans Debt Service Coverage Ratio—December 31, 2014 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in millions) Loan-to-Value Ratio 0%-59.99% $ 2,152 $ 140 $ 2 $ 2,294 60%-69.99% 151 0 0 151 70%-79.99% 0 0 0 0 Greater than 80% 0 0 0 0 Total agricultural property loans $ 2,303 $ 140 $ 2 $ 2,445 Total commercial mortgage and agricultural property loans Debt Service Coverage Ratio—December 31, 2014 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in millions) Loan-to-Value Ratio 0%-59.99% $ 24,709 $ 777 $ 209 $ 25,695 60%-69.99% 12,714 500 237 13,451 70%-79.99% 4,354 664 21 5,039 Greater than 80% 234 127 202 563 Total commercial mortgage and agricultural property loans $ 42,011 $ 2,068 $ 669 $ 44,748 The following tables provide an aging of past due commercial mortgage and other loans as of the dates indicated, based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage loans on nonaccrual status as of the dates indicated. December 31, 2015 Current 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days - Accruing Greater Than 90 Days - Not Accruing Total Past Due Total Commercial Mortgage and Other Loans Non- Accrual Status (in millions) Commercial mortgage loans $ 46,187 $ 0 $ 0 $ 0 $ 0 $ 0 $ 46,187 $ 53 Agricultural property loans 2,856 2 0 0 1 3 2,859 1 Residential property loans 288 7 0 0 6 13 301 6 Other collateralized loans 312 0 0 0 0 0 312 0 Uncollateralized loans 1,012 0 0 0 0 0 1,012 0 Total $ 50,655 $ 9 $ 0 $ 0 $ 7 $ 16 $ 50,671 $ 60 December 31, 2014 Current 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days - Accruing Greater Than 90 Days - Not Accruing Total Past Due Total Commercial Mortgage and Other Loans Non- Accrual Status (in millions) Commercial mortgage loans $ 42,239 $ 62 $ 0 $ 0 $ 2 $ 64 $ 42,303 $ 101 Agricultural property loans 2,443 0 1 0 1 2 2,445 1 Residential property loans 375 7 2 0 8 17 392 8 Other collateralized loans 319 0 0 0 0 0 319 0 Uncollateralized loans 1,092 0 0 0 0 0 1,092 0 Total $ 46,468 $ 69 $ 3 $ 0 $ 11 $ 83 $ 46,551 $ 110 See Note 2 for further discussion regarding nonaccrual status loans. For the years ended December 31, 2015 and 2014 , there were $214 million and $0 million , respectively, of commercial mortgage and other loans acquired, other than those through direct origination. For the years ended December 31, 2015 and 2014 , there were $18 million and $25 million of commercial mortgage and other loans sold, other than those classified as held-for-sale. The Company’s commercial mortgage and other loans may occasionally be involved in a troubled debt restructuring. As of both December 31, 2015 and 2014 , the Company had no significant commitments to borrowers that have been involved in a troubled debt restructuring. As of both December 31, 2015 and 2014 , there were no new troubled debt restructurings related to commercial mortgage and other loans, and no payment defaults on commercial mortgage and other loans that were modified as a troubled debt restructuring within the 12 months preceding. See Note 2 for additional information relating to the accounting for troubled debt restructurings. For the years ended December 31, 2015 and 2014 , there were $22 million and $0 million , respectively, of private debt commitments to borrowers that have been involved in a troubled debt restructuring. As of both December 31, 2015 and 2014 , the Company did not have any foreclosed residential real estate property. Other Long-Term Investments The following table sets forth the composition of “Other long-term investments” at December 31 for the years indicated. 2015 2014 (in millions) Joint ventures and limited partnerships: Non-real estate-related $ 6,447 $ 6,527 Real estate-related 1,085 1,018 Total joint ventures and limited partnerships 7,532 7,545 Real estate held through direct ownership 1,464 2,235 Other 990 1,141 Total other long-term investments $ 9,986 $ 10,921 In certain investment structures, the Company’s asset management business invests with other co-investors in an investment fund referred to as a feeder fund. In these structures, the invested capital of several feeder funds is pooled together and used to purchase ownership interests in another fund, referred to as a master fund. The master fund utilizes this invested capital and, in certain cases, other debt financing, to purchase various classes of assets on behalf of its investors. Specialized industry accounting for investment companies calls for the feeder fund to reflect its investment in the master fund as a single net asset equal to its proportionate share of the net assets of the master fund, regardless of its level of interest in the master fund. In cases where the Company consolidates the feeder fund, it retains the feeder fund’s net asset presentation and reports the consolidated feeder fund’s proportionate share of the net assets of the master fund in “Other long-term investments,” with any unaffiliated investors’ noncontrolling interest in the feeder fund reported in “Other liabilities” or “Noncontrolling interests.” The consolidated feeder funds’ investments in these master funds, reflected on this net asset basis, totaled $81 million and $82 million as of December 31, 2015 and 2014 , respectively. There was no unaffiliated interest in the consolidated feeder funds as of both December 31, 2015 and 2014 , respectively, and the master funds had gross assets of $17,508 million and $12,666 million , respectively, and gross liabilities of $16,920 million and $11,979 million , respectively, which are not included on the Company’s balance sheet. Equity Method Investments The following tables set forth summarized combined financial information for significant joint ventures and limited partnership interests accounted for under the equity method, including the Company’s investments in operating joint ventures that are described in more detail in Note 7. Changes between periods in the tables below reflect changes in the activities within the joint ventures and limited partnerships, as well as changes in the Company’s level of investment in such entities. At December 31, 2015 2014 (in millions) STATEMENT OF FINANCIAL POSITION Total assets(1) $ 53,799 $ 50,602 Total liabilities(2) $ 13,610 $ 13,152 Partners’ capital 40,189 37,450 Total liabilities and partners’ capital $ 53,799 $ 50,602 Total liabilities and partners’ capital included above $ 4,398 $ 4,599 Equity in limited partnership interests not included above 142 42 Carrying value $ 4,540 $ 4,641 __________ (1) Assets consist primarily of investments in real estate, investments in securities and other miscellaneous assets. (2) Liabilities consist primarily of third-party-borrowed funds, securities repurchase agreements and other miscellaneous liabilities. Years ended December 31, 2015 2014 2013 (in millions) STATEMENTS OF OPERATIONS Total revenue(1) $ 4,356 $ 5,632 $ 4,013 Total expenses(2) (1,803 ) (1,654 ) (943 ) Net earnings (losses) $ 2,553 $ 3,978 $ 3,070 Equity in net earnings (losses) included above $ 216 $ 522 $ 255 Equity in net earnings (losses) of limited partnership interests not included above 32 72 77 Total equity in net earnings (losses) $ 248 $ 594 $ 332 __________ (1) Revenue consists of income from investments in real estate, investments in securities and other income. (2) Expenses consist primarily of interest expense, management fees, salary expenses and other expenses. Net Investment Income Net investment income for the years ended December 31, was from the following sources: 2015 2014 2013 (in millions) Fixed maturities, available-for-sale(1) $ 10,347 $ 10,558 $ 10,541 Fixed maturities, held-to-maturity(1) 202 185 125 Equity securities, available-for-sale 337 354 337 Trading account assets 1,205 1,074 963 Commercial mortgage and other loans 2,255 2,103 1,985 Policy loans 619 632 611 Short-term investments and cash equivalents 56 38 40 Other long-term investments 717 1,050 710 Gross investment income 15,738 15,994 15,312 Less: investment expenses (909 ) (738 ) (583 ) Net investment income $ 14,829 $ 15,256 $ 14,729 __________ (1) Includes income on credit-linked notes which are reported on the same financial line item as related surplus notes, as conditions are met for right to offset. Carrying value for non-income producing assets included $343 million in fixed maturities, $11 million in trading account assets supporting insurance liabilities, $1 million in other trading, $5 million in other long-term investments and $10 million in commercial mortgage and other loans as of December 31, 2015 . Non-income producing assets represent investments that have not produced income for the twelve months preceding December 31, 2015 . As of both December 31, 2015 and 2014, the Company had no significant low-income housing tax credits investments. Realized Investment Gains (Losses), Net Realized investment gains (losses), net, for the years ended December 31, were from the following sources: 2015 2014 2013 (in millions) Fixed maturities $ 1,634 $ 1,194 $ (93 ) Equity securities 451 512 444 Commercial mortgage and other loans 37 110 79 Investment real estate 40 (5 ) 2 Joint ventures and limited partnerships (122 ) (15 ) 34 Derivatives(1) 1,970 (182 ) (5,688 ) Other 15 22 16 Realized investment gains (losses), net $ 4,025 $ 1,636 $ (5,206 ) __________ (1) Includes the offset of hedged items in qualifying effective hedge relationships prior to

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2015
Variable Interest Entities [Abstract]
Variable Interest Entities	VARIABLE INTEREST ENTITIES In the normal course of its activities, the Company enters into relationships with various special-purpose entities and other entities that are deemed to be variable interest entities (“VIEs”). A VIE is an entity that either (1) has equity investors that lack certain essential characteristics of a controlling financial interest (including the ability to control activities of the entity, the obligation to absorb the entity’s expected losses and the right to receive the entity’s expected residual returns) or (2) lacks sufficient equity to finance its own activities without financial support provided by other entities, which in turn would be expected to absorb at least some of the expected losses of the VIE. If the Company determines that it is the VIE’s “primary beneficiary” it consolidates the VIE. There are currently two models for determining whether or not the Company is the “primary beneficiary” of a VIE. The first (the “Investment Company Model”) relates to those VIEs that have the characteristics of an investment company and for which certain other conditions are true. These conditions are that (1) the Company does not have the implicit or explicit obligation to fund losses of the VIE and (2) the VIE is not a securitization entity, asset-backed financing entity or an entity that was formerly considered a qualified special-purpose entity. In this model the Company is the primary beneficiary if it stands to absorb a majority of the VIE’s expected losses or to receive a majority of the VIE’s expected residual returns. For all other VIEs, the Company is the primary beneficiary if the Company has (1) the power to direct the activities of the VIE that most significantly impact the economic performance of the entity and (2) the obligation to absorb losses of the entity that could be potentially significant to the VIE or the right to receive benefits from the entity that could be potentially significant. Consolidated Variable Interest Entities The Company is the investment manager of certain asset-backed investment vehicles commonly referred to as collateralized loan obligations (“CLOs”) and certain other vehicles for which the Company earns fee income for investment management services, including certain investment structures in which the Company’s asset management business invests with other co-investors in investment funds referred to as feeder funds. The Company may sell or syndicate investments through these vehicles, principally as part of the strategic investing activity of the Company’s asset management businesses. Additionally, the Company may invest in securities issued by these vehicles. CLOs raise capital by issuing debt securities, and use the proceeds to purchase investments, typically interest-bearing financial instruments. The Company has analyzed these relationships and determined that for certain CLOs and other investment structures it is the primary beneficiary and consolidates these entities. This analysis includes a review of (1) the Company’s rights and responsibilities as investment manager, (2) fees received by the Company and (3) other interests (if any) held by the Company. The assets of these VIEs are restricted and must be used first to settle liabilities of the VIE. The Company is not required to provide, and has not provided, material financial or other support to any of these VIEs. Effective January 1, 2016, the Company adopted new guidance that resulted in the deconsolidation of certain of its previously consolidated CLOs. See Note 2 for additional information. Additionally, the Company is the primary beneficiary of certain VIEs in which the Company has invested, as part of its investment activities, but for which it is not the investment manager. These include structured investments issued by a VIE that manages yen-denominated investments coupled with cross-currency coupon swap agreements thereby creating synthetic dual currency investments. The Company’s involvement in the structuring of these investments combined with its economic interest indicates that the Company is the primary beneficiary. The Company has not provided material financial support or other support that was not contractually required to these VIEs. The table below reflects the carrying amount and balance sheet caption in which the assets and liabilities of consolidated VIEs are reported. The liabilities primarily comprise obligations under debt instruments issued by the VIEs that are non-recourse to the Company. The creditors of these VIEs do not have recourse to the Company in excess of the assets contained within the VIEs. Consolidated VIEs for Which the Company is the Investment Manager Other Consolidated VIEs December 31, December 31, 2015 2014 2015 2014 (in millions) Fixed maturities, available-for-sale $ 0 $ 44 $ 179 $ 104 Fixed maturities, held-to-maturity 0 0 760 763 Trading account assets supporting insurance liabilities 0 0 10 11 Other trading account assets 9,536 6,943 0 0 Commercial mortgage and other loans 0 13 300 300 Other long-term investments 0 0 155 159 Cash and cash equivalents 337 623 1 0 Accrued investment income 56 39 3 3 Other assets 324 166 3 0 Total assets of consolidated VIEs $ 10,253 $ 7,828 $ 1,411 $ 1,340 Notes issued by consolidated VIEs $ 8,597 $ 6,058 $ 0 $ 0 Other liabilities 674 674 3 1 Total liabilities of consolidated VIEs $ 9,271 $ 6,732 $ 3 $ 1 As included in the table above, notes issued by consolidated VIEs are classified in the line item on the Consolidated Statements of Financial Position titled, “Notes issued by consolidated VIEs.” Recourse is limited to the assets of the respective VIE and does not extend to the general credit of Prudential Financial. As of December 31, 2015 , the maturities of these obligations were greater than five years. In addition, not reflected in the table above, the Company has created a trust that is a VIE, to facilitate Prudential Insurance’s Funding Agreement Notes Issuance Program (“FANIP”). The trust issues medium-term notes secured by funding agreements issued to the trust by Prudential Insurance with the proceeds of such notes. The trust is the beneficiary of an indemnity agreement with the Company that provides that the Company is responsible for costs related to the notes issued with limited exceptions. As a result, the Company has determined that it is the primary beneficiary of the trust, which is therefore consolidated. The funding agreements represent an intercompany transaction that is eliminated upon consolidation. However, in recognition of the security interest in such funding agreements, the trust’s medium-term note liability of $2,958 million and $2,705 million at December 31, 2015 and 2014 , respectively, is classified within “Policyholders’ account balances.” Creditors of the trust have recourse to Prudential Insurance if the trust fails to make contractual payments on the medium-term notes. The Company has not provided material financial or other support to the trust that was not contractually required. Unconsolidated Variable Interest Entities The Company has determined that it is not the primary beneficiary of certain VIEs for which it is the investment manager. These VIEs consist primarily of investment funds for which the Company utilizes the Investment Company Model to assess consolidation. Accordingly, the Company has determined that it is not the primary beneficiary of these entities because it does not stand to absorb a majority of the VIE’s expected losses or to receive a majority of the VIE’s expected residual returns. For all other investment structures, the Company has determined that it is not the primary beneficiary as it does not have both (1) the power to direct the activities of the VIE that most significantly impact the economic performance of the entity and (2) the obligation to absorb losses of the entity that could be potentially significant to the VIE or the right to receive benefits from the entity that could be potentially significant. The Company’s maximum exposure to loss resulting from its relationship with unconsolidated VIEs for which it is the investment manager is limited to its investment in the VIEs, which was $218 million and $137 million at December 31, 2015 and 2014 , respectively. These investments are reflected in “Fixed maturities, available-for-sale,” “Other trading account assets, at fair value” and “Other long-term investments.” The fair value of assets held within these unconsolidated VIEs was $5,262 million and $6,973 million as of December 31, 2015 and 2014 , respectively. There are no liabilities associated with these unconsolidated VIEs on the Company’s Consolidated Statements of Financial Position. In the normal course of its activities, the Company will invest in joint ventures and limited partnerships. These ventures include hedge funds, private equity funds and real estate-related funds and may or may not be VIEs. The Company’s maximum exposure to loss on these investments, both VIEs and non-VIEs, is limited to the amount of its investment. The Company has determined that it is not required to consolidate these entities because either (1) it does not control them or (2) it does not have the obligation to absorb losses of the entities that could be potentially significant to the entities or the right to receive benefits from the entities that could be potentially significant. The Company classifies these investments as “Other long-term investments” and its maximum exposure to loss associated with these entities was $7,532 million and $7,545 million as of December 31, 2015 and 2014 , respectively. In addition, in the normal course of its activities, the Company will invest in structured investments including VIEs for which it is not the investment manager. These structured investments typically invest in fixed income investments and are managed by third parties and include asset-backed securities, commercial mortgage-backed securities and residential mortgage-backed securities. The Company’s maximum exposure to loss on these structured investments, both VIEs and non-VIEs, is limited to the amount of its investment. See Note 4 for details regarding the carrying amounts and classification of these assets. The Company has not provided material financial or other support that was not contractually required to these structures. The Company has determined that it is not the primary beneficiary of these structures due to the fact that it does not control these entities.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	12 Months Ended
	Dec. 31, 2015
Deferred Policy Acquisition Costs Disclosures [Abstract]
Deferred Policy Acquisition Costs	DEFERRED POLICY ACQUISITION COSTS The balances of and changes in DAC as of and for the years ended December 31, are as follows: 2015 2014 2013 (in millions) Balance, beginning of year $ 15,971 $ 16,512 $ 14,100 Capitalization of commissions, sales and issue expenses 2,653 2,694 2,902 Amortization—Impact of assumption and experience unlocking and true-ups 280 629 328 Amortization—All other (2,400 ) (2,602 ) (568 ) Change in unrealized investment gains and losses 477 (697 ) 492 Foreign currency translation and other (263 ) (565 ) (742 ) Balance, end of year $ 16,718 $ 15,971 $ 16,512

Investments In Operating Joint

Investments In Operating Joint Ventures	12 Months Ended
	Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Investments In Operating Joint Ventures	INVESTMENTS IN OPERATING JOINT VENTURES The Company has made investments in certain joint ventures that are strategic in nature and made other than for the sole purpose of generating investment income. These investments are accounted for under the equity method of accounting and are included in “Other assets” in the Company’s Consolidated Statements of Financial Position. The earnings from these investments are included on an after-tax basis in “Equity in earnings of operating joint ventures, net of taxes” in the Company’s Consolidated Statements of Operations. The summarized financial information for the Company’s operating joint ventures has been included in the summarized combined financial information for all significant equity method investments shown in Note 4. The following table sets forth information related to the Company’s investments in operating joint ventures as of and for the years ended December 31: 2015 2014 2013 (in millions) Investment in operating joint ventures $ 341 $ 325 $ 361 Dividends received from operating joint ventures $ 27 $ 27 $ 31 After-tax equity earnings of operating joint ventures(1) $ 15 $ 16 $ 59 ________________ (1) Includes gains associated with sales of the Company’s previous investment, through a consortium, in China Pacific Group, for which the Company’s remaining shares were sold in January 2013. For the year ended December 31, 2013 , the Company recognized a pre-tax gain of $66 million from the sale of this investment. The Company has made investments in operating joint ventures as part of its Asset Management and International Insurance segments and its Corporate and Other operations. For the years ended December 31, 2015 , 2014 and 2013 , the Company recognized $34 million , $33 million and $30 million , respectively, of asset management fee income from these transactions.

Value of Business Acquired

Value of Business Acquired	12 Months Ended
	Dec. 31, 2015
Present Value of Future Insurance Profits [Abstract]
Value of Business Acquired	VALUE OF BUSINESS ACQUIRED The balances of and changes in VOBA as of and for the years ended December 31, are as follows: 2015(1) 2014 2013 (in millions) Balance, beginning of year $ 2,836 $ 3,675 $ 3,248 Acquisitions 0 7 1,370 Amortization—Impact of assumption and experience unlocking and true-ups 128 (175 ) 59 Amortization—All other (385 ) (420 ) (509 ) Change in unrealized investment gains and losses 214 (89 ) (55 ) Interest(2) 86 95 105 Foreign currency translation (57 ) (257 ) (543 ) Other 6 0 0 Balance, end of year $ 2,828 $ 2,836 $ 3,675 __________ (1) The VOBA balances at December 31, 2015 were $201 million , $36 million , $1,332 million , $0 million , $1,250 million , and $9 million related to the insurance transactions associated with the CIGNA, Prudential Annuities Holding Co., Gibraltar Life, Aoba Life, The Hartford Life Business, and Gibraltar BSN Life Berhad, respectively. The weighted average remaining expected life of VOBA varies by product. The weighted average remaining expected lives were approximately 12 , 5 , 8 , 6 , 10 , and 13 years for the VOBA related to CIGNA, Prudential Annuities Holding Co., Gibraltar Life., Aoba Life, The Hartford Life Business, and Gibraltar BSN Life Berhad, respectively. (2) The interest accrual rates vary by product. The interest rates for 2015 were 6.40% , 6.05% , 1.28% to 2.87% , 2.60% , 3.00% to 6.17% and 4.07% to 5.51% for the VOBA related to CIGNA, Prudential Annuities Holding Co., Gibraltar Life, Aoba Life, The Hartford Life Business, and Gibraltar BSN Life Berhad, respectively. The interest rates for 2014 were 6.40% , 6.10% , 1.28% to 2.87% , 2.60% , 3.00% to 6.17% and 4.07% to 5.51% for the VOBA related to CIGNA, Prudential Annuities Holding Co., Gibraltar Life, Aoba Life, The Hartford Life Business, and Gibraltar BSN Life Berhad, respectively. The interest rates for 2013 were 6.40% , 6.14% , 1.28% to 2.87% , 2.60% and 3.00% to 6.17% for the VOBA related to CIGNA, Prudential Annuities Holding Co., Gibraltar Life, Aoba Life and the Hartford Life Business, respectively. The following table provides estimated future amortization, net of interest, for the periods indicated. 2016 2017 2018 2019 2020 (in millions) Estimated future VOBA amortization $ 269 $ 249 $ 227 $ 209 $ 193

Goodwill and Other Intangibles

Goodwill and Other Intangibles	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	GOODWILL AND OTHER INTANGIBLES The changes in the book value of goodwill by area are as follows: Retirement Asset Management International Insurance Total (in millions) Balance at December 31, 2012: Gross Goodwill $ 444 $ 238 $ 191 $ 873 Accumulated Impairment Losses 0 0 0 0 Net Goodwill 444 238 191 873 2013 Activity: Other(1) 0 2 (36 ) (34 ) Balance at December 31, 2013: Gross Goodwill 444 240 155 839 Accumulated Impairment Losses 0 0 0 0 Net Goodwill 444 240 155 839 2014 Activity: Acquisitions 0 0 18 18 Other(1) 0 (5 ) (21 ) (26 ) Balance at December 31, 2014: Gross Goodwill 444 235 152 831 Accumulated Impairment Losses 0 0 0 0 Net Goodwill 444 235 152 831 2015 Activity: Acquisitions 0 0 0 0 Other(1) 0 (4 ) (3 ) (7 ) Balance at December 31, 2015: Gross Goodwill 444 231 149 824 Accumulated Impairment Losses 0 0 0 0 Net Goodwill $ 444 $ 231 $ 149 $ 824 __________ (1) Other represents foreign currency translation and purchase price adjustments. The Company tests goodwill for impairment annually as of December 31 and more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount, as discussed in further detail in Note 2. The Company performed goodwill impairment testing using the quantitative approach for all reporting units that had goodwill at December 31, 2015 and 2014 , and no impairments were recorded. Other Intangibles Other intangible balances at December 31, are as follows: 2015 2014 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (in millions) Subject to amortization: Mortgage servicing rights $ 500 $ (302 ) $ 198 $ 462 $ (265 ) $ 197 Customer relationships 268 (196 ) 72 275 (191 ) 84 Other 72 (42 ) 30 42 (32 ) 10 Not subject to amortization 3 N/A 3 3 N/A 3 Total $ 303 $ 294 The fair values of net mortgage servicing rights were $203 million and $210 million at December 31, 2015 and 2014 , respectively. Amortization expense for other intangibles was $64 million , $55 million and $61 million for the years ending December 31, 2015 , 2014 and 2013 , respectively. Amortization expense for other intangibles is expected to be approximately $55 million in 2016 , $45 million in 2017 , $35 million in 2018 , $30 million in 2019 and $25 million in 2020 . The amortization expense amounts listed above for 2015 , 2014 and 2013 do not include impairments recorded for mortgage servicing rights or other intangibles. See the non-recurring fair value measurements section of Note 20 for more information regarding these impairments.

Policyholders' Liabilities

Policyholders' Liabilities	12 Months Ended
	Dec. 31, 2015
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Policyholders' Liabilities	POLICYHOLDERS’ LIABILITIES Future Policy Benefits Future policy benefits at December 31 for the years indicated are as follows: 2015 2014 (in millions) Life insurance $ 148,100 $ 143,842 Individual and group annuities and supplementary contracts 60,493 58,699 Other contract liabilities 12,872 12,172 Subtotal future policy benefits excluding unpaid claims and claim adjustment expenses 221,465 214,713 Unpaid claims and claim adjustment expenses 2,919 3,053 Total future policy benefits $ 224,384 $ 217,766 Life insurance liabilities include reserves for death and endowment policy benefits, terminal dividends and certain health benefits. Individual and group annuities and supplementary contracts liabilities include reserves for life contingent immediate annuities and life contingent group annuities. Other contract liabilities include unearned premiums and certain other reserves for group, annuities and individual life and health products. Future policy benefits for individual participating traditional life insurance are based on the net level premium method, calculated using the guaranteed mortality and nonforfeiture interest rates which range from 2.5% to 7.5% . Participating insurance represented 4% of direct individual life insurance in force for both December 31, 2015 and 2014 , and 16% , 16% and 14% of direct individual life insurance premiums for 2015 , 2014 and 2013 , respectively. Future policy benefits for individual non-participating traditional life insurance policies, group and individual long-term care policies and individual health insurance policies are generally equal to the present value of future benefit payments and related expenses, less the present value of future net premiums. Assumptions as to mortality, morbidity and persistency are based on the Company’s experience, industry data, and/or other factors, when the basis of the reserve is established. Interest rates used in the determination of the present values range from 0.2% to 9.5% ; less than 1% of the reserves are based on an interest rate in excess of 8%. Future policy benefits for individual and group annuities and supplementary contracts with life contingencies are generally equal to the present value of expected future payments. Assumptions as to mortality are based on the Company’s experience, industry data, and/or other factors, when the basis of the reserve is established. The interest rates used in the determination of the present values range from 0.4% to 11.3% ; less than 1% of the reserves are based on an interest rate in excess of 8%. Future policy benefits for other contract liabilities are generally equal to the present value of expected future payments based on the Company’s experience, except for example, certain group insurance coverages for which future policy benefits are equal to gross unearned premium reserves. The interest rates used in the determination of the present values range from 0.9% to 7.3% . The Company’s liability for future policy benefits is also inclusive of liabilities for guaranteed benefits related to certain long-duration life and annuity contracts. Liabilities for guaranteed benefits with embedded derivative features are primarily in “other contract liabilities” in the table above. The remaining liabilities for guaranteed benefits are primarily reflected with the underlying contract. See Note 11 for additional information regarding liabilities for guaranteed benefits related to certain long-duration life and annuity contracts. Premium deficiency reserves included in “Future policy benefits” are established, if necessary, when the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and expenses. Premium deficiency reserves have been recorded for the group single premium annuity business, which consists of limited-payment, long-duration traditional, non-participating annuities; structured settlements; single premium immediate annuities with life contingencies; long-term care; and for certain individual health policies. Unpaid claims and claim adjustment expenses primarily reflect the Company’s estimate of future disability claim payments and expenses as well as estimates of claims incurred but not yet reported as of the balance sheet dates related to group disability products. Unpaid claim liabilities that are discounted use interest rates ranging from 3.0% to 6.4% . Policyholders’ Account Balances Policyholders’ account balances at December 31 for the years indicated are as follows: 2015 2014 (in millions) Individual annuities $ 37,384 $ 37,718 Group annuities 27,141 27,200 Guaranteed investment contracts and guaranteed interest accounts 14,122 14,428 Funding agreements 3,997 4,691 Interest-sensitive life contracts 32,502 30,406 Dividend accumulation and other 21,638 21,707 Total policyholders’ account balances $ 136,784 $ 136,150 Policyholders’ account balances primarily represent an accumulation of account deposits plus credited interest less withdrawals, expense charges and mortality charges, if applicable. These policyholders’ account balances also include provisions for benefits under non-life contingent payout annuities. Included in “Funding agreements” at December 31, 2015 and 2014 are $2,957 million and $2,705 million , respectively, related to the Company’s FANIP. Under this program, which has a maximum authorized amount of $15 billion , a Delaware statutory trust issues medium-term notes to investors that are secured by funding agreements issued to the trust by Prudential Insurance. The outstanding notes have fixed or floating interest rates that range from 0.5% to 2.6% and original maturities ranging from two to ten years. Included in the amounts at December 31, 2015 and 2014 is the medium-term note liability, which is carried at amortized cost, of $2,958 million and $2,705 million , respectively. For additional details on the FANIP, see Note 5. Also included in “Funding agreements” are collateralized funding agreements issued to the Federal Home Loan Bank of New York (“FHLBNY”) of $1,001 million and $1,947 million , as of December 31, 2015 and 2014 , respectively. These obligations, which are carried at amortized cost, have fixed or floating interest rates that range from 0.8% to 1.7% and original maturities ranging from four to seven years. For additional details on the FHLBNY program, see Note 14. Interest crediting rates range from 0% to 7.5% for interest-sensitive life contracts and from 0% to 12.5% for contracts other than interest-sensitive life. Less than 1% of policyholders’ account balances have interest crediting rates in excess of 8%.

Certain Long-Duration Contracts

Certain Long-Duration Contracts With Guarantees	12 Months Ended
	Dec. 31, 2015
Certain Long-Duration Contracts With Guarantees [Abstract]
Certain Long-Duration Contracts With Guarantees	CERTAIN LONG-DURATION CONTRACTS WITH GUARANTEES The Company issues variable annuity contracts through its separate accounts for which investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contractholder. The Company also issues variable annuity contracts with general and separate account options where the Company contractually guarantees to the contractholder a return of no less than total deposits made to the contract adjusted for any partial withdrawals (“return of net deposits”). In certain of these variable annuity contracts, the Company also contractually guarantees to the contractholder a return of no less than (1) total deposits made to the contract adjusted for any partial withdrawals plus a minimum return (“minimum return”), and/or (2) the highest contract value on a specified date adjusted for any withdrawals (“contract value”). These guarantees include benefits that are payable in the event of death, annuitization or at specified dates during the accumulation period and withdrawal and income benefits payable during specified periods. The Company also issues annuity contracts with market value adjusted investment options (“MVAs”), which provide for a return of principal plus a fixed rate of return if held-to-maturity, or, alternatively, a “market adjusted value” if surrendered prior to maturity or if funds are reallocated to other investment options. The market value adjustment may result in a gain or loss to the Company, depending on crediting rates or an indexed rate at surrender, as applicable. The Company also issues fixed deferred annuity contracts without MVA that have a guaranteed credited rate and annuity benefit. In addition, the Company issues certain variable life, variable universal life and universal life contracts where the Company contractually guarantees to the contractholder a death benefit even when there is insufficient value to cover monthly mortality and expense charges, whereas otherwise the contract would typically lapse (no-lapse guarantee). Variable life and variable universal life contracts are offered with general and separate account options. The assets supporting the variable portion of all variable annuities are carried at fair value and reported as “Separate account assets” with an equivalent amount reported as “Separate account liabilities.” Amounts assessed against the contractholders for mortality, administration, and other services are included within revenue in “Policy charges and fee income” and changes in liabilities for minimum guarantees are generally included in “Policyholders’ benefits” or “Realized investment gains (losses), net.” For those guarantees of benefits that are payable in the event of death, the net amount at risk is generally defined as the current guaranteed minimum death benefit in excess of the current account balance at the balance sheet date. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including fixed income and equity market returns, contract lapses and contractholder mortality. For guarantees of benefits that are payable at annuitization, the net amount at risk is generally defined as the present value of the minimum guaranteed annuity payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including fixed income and equity market returns, timing of annuitization, contract lapses and contractholder mortality. For guarantees of benefits that are payable at withdrawal, the net amount at risk is generally defined as the present value of the minimum guaranteed withdrawal payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. For guarantees of accumulation balances, the net amount at risk is generally defined as the guaranteed minimum accumulation balance minus the current account balance. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including equity market returns, interest rates, market volatility and contractholder behavior. The Company’s contracts with guarantees may offer more than one type of guarantee in each contract; therefore, the amounts listed may not be mutually exclusive. The liabilities related to the net amount at risk are reflected within “Future policy benefits.” As of December 31, 2015 and 2014 , the Company had the following guarantees associated with these contracts, by product and guarantee type: December 31, 2015 December 31, 2014 In the Event of Death At Annuitization / Accumulation(1) In the Event of Death At Annuitization / Accumulation(1) ($ in millions) Annuity Contracts Return of net deposits Account value $ 115,317 $ 142 $ 118,629 $ 163 Net amount at risk $ 739 $ 0 $ 403 $ 0 Average attained age of contractholders 65 years 64 years 64 years 63 years Minimum return or contract value Account value $ 34,494 $ 131,005 $ 37,322 $ 134,938 Net amount at risk $ 4,212 $ 5,459 $ 2,856 $ 3,135 Average attained age of contractholders 67 years 64 years 66 years 62 years Average period remaining until earliest expected annuitization N/A 0.28 years N/A 0.29 years __________ (1) Includes income and withdrawal benefits. December 31, 2015 2014 In the Event of Death ($ in millions) Variable Life, Variable Universal Life and Universal Life Contracts No-lapse guarantees Separate account value $ 7,643 $ 7,816 General account value $ 13,364 $ 12,124 Net amount at risk $ 211,428 $ 200,386 Average attained age of contractholders 56 years 55 years Account balances of variable annuity contracts with guarantees were invested in separate account investment options as follows: December 31, 2015 2014 (in millions) Equity funds $ 88,992 $ 94,473 Bond funds 46,642 45,159 Balanced funds 843 753 Money market funds 6,355 8,335 Total $ 142,832 $ 148,720 In addition to the amounts invested in separate account investment options above, $8,714 million at December 31, 2015 , and $8,948 million at December 31, 2014 , of account balances of variable annuity contracts with guarantees, inclusive of contracts with MVA features, were invested in general account investment options. For the years ended December 31, 2015 , 2014 and 2013 , there were no transfers of assets, other than cash, from the general account to any separate account, and accordingly no gains or losses recorded. Liabilities for Guarantee Benefits The table below summarizes the changes in general account liabilities for guarantees. The liabilities for guaranteed minimum death benefits (“GMDB”), and guaranteed minimum income benefits (“GMIB”) are included in “Future policy benefits” and the related changes in the liabilities are included in “Policyholders’ benefits.” Guaranteed minimum accumulation benefits (“GMAB”), guaranteed minimum withdrawal benefits (“GMWB”), and guaranteed minimum income and withdrawal benefits (“GMIWB”) are accounted for as embedded derivatives and are recorded at fair value within “Future policy benefits.” Changes in the fair value of these derivatives, including changes in the Company’s own risk of non-performance, along with any fees attributed or payments made relating to the derivative, are recorded in “Realized investment gains (losses), net.” See Note 20 for additional information regarding the methodology used in determining the fair value of these embedded derivatives. The Company maintains a portfolio of derivative investments that serve as a partial hedge of the risks associated with these products, for which the changes in fair value are also recorded in “Realized investment gains (losses), net.” This portfolio of derivative investments does not qualify for hedge accounting treatment under U.S. GAAP. Additionally, the Company externally reinsures the guaranteed benefit features associated with certain contracts. See Note 13 for further information regarding the external reinsurance arrangement. GMDB GMIB GMAB/GMWB/GMIWB Variable Life, Variable Universal Life and Universal Life Annuity Annuity Annuity (in millions) Balance at December 31, 2012 $ 371 $ 488 $ 459 $ 3,348 Incurred guarantee benefits(1) 97 35 10 (2,904 ) Paid guarantee benefits and other (4 ) (75 ) (23 ) 0 Other(2)(3) 1,331 13 (49 ) (3 ) Balance at December 31, 2013 1,795 461 397 441 Incurred guarantee benefits(1) 794 245 84 7,741 Paid guarantee benefits and other (18 ) (68 ) (15 ) 0 Other(2) 279 4 1 0 Balance at December 31, 2014 2,850 642 467 8,182 Incurred guarantee benefits(1) 517 167 1 252 Paid guarantee benefits (22 ) (85 ) (16 ) 0 Other(2) (195 ) (10 ) (12 ) (1 ) Balance at December 31, 2015 $ 3,150 $ 714 $ 440 $ 8,433 __________ (1) Incurred guarantee benefits include the portion of assessments established as additions to reserves as well as changes in estimates affecting the reserves. Also includes changes in the fair value of features considered to be derivatives. (2) Other primarily represents impact of changes in unrealized investment gains and losses and foreign currency translation. (3) GMDB includes amounts acquired from The Hartford Life Business on January 2, 2013. The GMDB liability is determined each period end by estimating the accumulated value of a portion of the total assessments to date less the accumulated value of the guaranteed death benefits in excess of the account balance. The GMIB liability associated with variable annuities is determined each period by estimating the accumulated value of a portion of the total assessments to date less the accumulated value of the projected income benefits in excess of the account balance. The portion of assessments used is chosen such that, at issue the present value of expected death benefits or expected income benefits in excess of the projected account balance and the portion of the present value of total expected assessments over the lifetime of the contracts are equal. The GMIB liability associated with fixed annuities is determined each period by estimating the present value of projected income benefits in excess of the account balance. The Company regularly evaluates the estimates used and adjusts the GMDB and GMIB liability balances, with an associated charge or credit to earnings, if actual experience or other evidence suggests that earlier estimates should be revised. The GMAB features provide the contractholder with a guaranteed return of initial account value or an enhanced value if applicable. The most significant of the Company’s GMAB features are the guaranteed return option features, which includes an automatic rebalancing element that reduces the Company’s exposure to these guarantees. The GMAB liability is calculated as the present value of future expected payments in excess of the account balance less the present value of future expected rider fees attributable to the embedded derivative feature. The GMWB features provide the contractholder with access to a guaranteed remaining balance if the account value is reduced to zero through a combination of market declines and withdrawals. The guaranteed remaining balance is generally equal to the protected value under the contract, which is initially established as the greater of the account value or cumulative deposits when withdrawals commence, less cumulative withdrawals. The contractholder also has the option, after a specified time period, to reset the guaranteed remaining balance to the then current account value, if greater. The contractholder accesses the guaranteed remaining balance through payments over time, subject to maximum annual limits. The GMWB liability is calculated as the present value of future expected payments to customers less the present value of future expected rider fees attributable to the embedded derivative feature. The GMIWB features, taken collectively, provide a contractholder two optional methods to receive guaranteed minimum payments over time, a “withdrawal” option or an “income” option. The withdrawal option (which was available under only one of the GMIWBs and is no longer offered) guarantees that a contractholder can withdraw an amount each year until the cumulative withdrawals reach a total guaranteed balance. The income option (which varies among the Company’s GMIWBs) in general guarantees the contractholder the ability to withdraw an amount each year for life (or for joint lives, in the case of any spousal version of the benefit) where such amount is equal to a percentage of a protected value under the benefit. The contractholder also has the potential to increase this annual amount, based on certain subsequent increases in account value that may occur. The GMIWB can be elected by the contractholder upon issuance of an appropriate deferred variable annuity contract or at any time following contract issue prior to annuitization. Certain GMIWB features include an automatic rebalancing element that reduces the Company’s exposure to these guarantees. The GMIWB liability is calculated as the present value of future expected payments to customers less the present value of future expected rider fees attributable to the embedded derivative feature. Sales Inducements The Company defers sales inducements and amortizes them over the anticipated life of the policy using the same methodology and assumptions used to amortize DAC. DSI is included in “Other assets.” The Company has offered various types of sales inducements including: (1) a bonus whereby the policyholder’s initial account balance is increased by an amount equal to a specified percentage of the customer’s initial deposit; (2) additional credits after a certain number of years a contract is held; and (3) enhanced interest crediting rates that are higher than the normal general account interest rate credited in certain product lines. Changes in DSI, reported as “Interest credited to policyholders’ account balances,” are as follows: Sales Inducements (in millions) Balance at December 31, 2012 $ 1,357 Capitalization 53 Amortization—Impact of assumption and experience unlocking and true-ups 27 Amortization—All other 340 Change in unrealized investment gains and losses 36 Balance at December 31, 2013 1,813 Capitalization 22 Amortization—Impact of assumption and experience unlocking and true-ups 81 Amortization—All other (403 ) Change in unrealized investment gains and losses 1 Balance at December 31, 2014 1,514 Capitalization 8 Amortization—Impact of assumption and experience unlocking and true-ups 43 Amortization—All other (392 ) Change in unrealized investment gains and losses 16 Balance at December 31, 2015 $ 1,189

Closed Block

Closed Block	12 Months Ended
	Dec. 31, 2015
Closed Block Disclosure [Abstract]
Closed Block	CLOSED BLOCK On the date of demutualization, Prudential Insurance established a Closed Block for certain individual life insurance policies and annuities issued in the U.S by Prudential Insurance. The recorded assets and liabilities were allocated to the Closed Block at their historical carrying amounts. The Closed Block forms the principal component of the Closed Block division. See Note 22 for financial information on the Closed Block division. The insurance policies and annuity contracts comprising the Closed Block are managed in accordance with the Plan of Reorganization approved by the New Jersey Department of Banking and Insurance (“NJDOBI”) on December 18, 2001, and Prudential Insurance is directly obligated for the insurance policies and annuity contracts in the Closed Block. The Class B Repurchase discussed in Note 1 did not change the Closed Block assets allocated to support the Closed Block’s liabilities, policyholder dividend scales or the methodology for determining policyholder dividends, or impact the guaranteed benefits, premiums or dividends for Closed Block policyholders. The policies included in the Closed Block are specified individual life insurance policies and individual annuity contracts that were in force on the effective date of the Plan of Reorganization and for which Prudential Insurance is currently paying or expects to pay experience-based policy dividends. Assets have been allocated to the Closed Block in an amount that has been determined to produce cash flows which, together with revenues from policies included in the Closed Block, are expected to be sufficient to support obligations and liabilities relating to these policies, including provision for payment of benefits, certain expenses and taxes and to provide for continuation of the policyholder dividend scales in effect in 2000, assuming experience underlying such scales continues. To the extent that, over time, cash flows from the assets allocated to the Closed Block and claims and other experience related to the Closed Block are, in the aggregate, more or less favorable than what was assumed when the Closed Block was established, total dividends paid to Closed Block policyholders may be greater than or less than the total dividends that would have been paid to these policyholders if the policyholder dividend scales in effect in 2000 had been continued. Any cash flows in excess of amounts assumed will be available for distribution over time to Closed Block policyholders and will not be available to stockholders. If the Closed Block has insufficient funds to make guaranteed policy benefit payments, such payments will be made from Prudential Insurance’s assets outside of the Closed Block. The Closed Block will continue in effect as long as any policy in the Closed Block remains in force unless, with the consent of the New Jersey insurance regulator, it is terminated earlier. The excess of Closed Block liabilities over Closed Block assets at the date of the demutualization (adjusted to eliminate the impact of related amounts in AOCI) represented the estimated maximum future earnings at that date from the Closed Block expected to result from operations attributed to the Closed Block after income taxes. In establishing the Closed Block, the Company developed an actuarial calculation of the timing of such maximum future earnings. If actual cumulative earnings of the Closed Block from inception through the end of any given period are greater than the expected cumulative earnings, only the expected earnings will be recognized in income. Any excess of actual cumulative earnings over expected cumulative earnings will represent undistributed accumulated earnings attributable to policyholders, which are recorded as a policyholder dividend obligation. The policyholder dividend obligation represents amounts to be paid to Closed Block policyholders as an additional policyholder dividend unless otherwise offset by future Closed Block performance that is less favorable than originally expected. If the actual cumulative earnings of the Closed Block from its inception through the end of any given period are less than the expected cumulative earnings of the Closed Block, the Company will recognize only the actual earnings in income. However, the Company may reduce policyholder dividend scales, which would be intended to increase future actual earnings until the actual cumulative earnings equaled the expected cumulative earnings. As of December 31, 2015 and 2014 , the Company recognized a policyholder dividend obligation of $1,694 million and $1,558 million , respectively, to Closed Block policyholders for the excess of actual cumulative earnings over the expected cumulative earnings. Additionally, accumulated net unrealized investment gains that have arisen subsequent to the establishment of the Closed Block have been reflected as a policyholder dividend obligation of $2,815 million and $5,053 million at December 31, 2015 and 2014 , respectively, to be paid to Closed Block policyholders unless offset by future experience, with a corresponding amount reported in AOCI. On December 5, 2013, December 5, 2014 and December 4, 2015, Prudential Insurance’s Board of Directors acted to increase the 2014, 2015 and 2016 dividends payable on Closed Block policies, respectively. These actions resulted in an increase of approximately $ 33 million , $60 million and $58 million in the liability for policyholders dividends recognized for the years ended December 31, 2013 , 2014 and 2015 , respectively. Closed Block liabilities and assets designated to the Closed Block at December 31, as well as maximum future earnings to be recognized from Closed Block liabilities and Closed Block assets, are as follows: 2015 2014 (in millions) Closed Block liabilities Future policy benefits $ 49,538 $ 49,863 Policyholders’ dividends payable 945 931 Policyholders’ dividend obligation 4,509 6,612 Policyholders’ account balances 5,250 5,310 Other Closed Block liabilities 4,171 5,084 Total Closed Block liabilities 64,413 67,800 Closed Block assets Fixed maturities, available-for-sale, at fair value 37,584 40,629 Other trading account assets, at fair value 288 302 Equity securities, available-for-sale, at fair value 2,726 3,522 Commercial mortgage and other loans 9,770 9,472 Policy loans 4,790 4,914 Other long-term investments 2,921 2,765 Short-term investments 1,467 1,225 Total investments 59,546 62,829 Cash and cash equivalents 1,036 1,201 Accrued investment income 506 527 Other Closed Block assets 458 332 Total Closed Block assets 61,546 64,889 Excess of reported Closed Block liabilities over Closed Block assets 2,867 2,911 Portion of above representing accumulated other comprehensive income: Net unrealized investment gains (losses) 2,800 5,040 Allocated to policyholder dividend obligation (2,815 ) (5,053 ) Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,852 $ 2,898 Information regarding the policyholder dividend obligation is as follows: 2015 2014 (in millions) Balance, January 1 $ 6,612 $ 4,511 Impact from earnings allocable to policyholder dividend obligation 137 672 Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation (2,240 ) 1,429 Balance, December 31 $ 4,509 $ 6,612 Closed Block revenues and benefits and expenses for the years ended December 31, are as follows: 2015 2014 2013 (in millions) Revenues Premiums $ 2,668 $ 2,704 $ 2,728 Net investment income 2,709 2,809 2,796 Realized investment gains (losses), net 834 1,164 230 Other income (loss) 23 34 57 Total Closed Block revenues 6,234 6,711 5,811 Benefits and Expenses Policyholders’ benefits 3,366 3,326 3,334 Interest credited to policyholders’ account balances 135 136 136 Dividends to policyholders 2,130 2,635 1,910 General and administrative expenses 423 444 467 Total Closed Block benefits and expenses 6,054 6,541 5,847 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes and discontinued operations 180 170 (36 ) Income tax expense (benefit) 136 139 (57 ) Closed Block revenues, net of Closed Block benefits and expenses and income taxes, before discontinued operations 44 31 21 Income (loss) from discontinued operations, net of taxes 0 1 0 Closed Block revenues, net of Closed Block benefits and expenses, income taxes and discontinued operations $ 44 $ 32 $ 21

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2015
Reinsurance Disclosures [Abstract]
Reinsurance	REINSURANCE The Company participates in reinsurance with third parties primarily to provide additional capacity for future growth, limit the maximum net loss potential arising from large risks and acquire or dispose of businesses. Effective April 1, 2015, the Company entered into an agreement with Union Hamilton Reinsurance, Ltd. (“Union Hamilton”) an external counterparty, to reinsure approximately 50% of the Prudential Premier® Retirement Variable Annuity with Highest Daily Lifetime Income (“HDI”) v.3.0 business, a guaranteed benefit feature. This reinsurance agreement covers most new HDI v.3.0 variable annuity business issued between April 1, 2015 and December 31, 2016 on a quota share basis, until Union Hamilton’s quota share reaches $5 billion of new rider premiums through December 31, 2016. These guaranteed benefit features are accounted for as embedded derivatives. On January 2, 2013, the Company acquired the Hartford Life Business through a reinsurance transaction. Under the agreement, the Company provided reinsurance for approximately 700,000 life insurance policies with net retained face amount in force of approximately $141 billion . The Company acquired the general account business through a coinsurance arrangement and, for certain types of general account policies, a modified coinsurance arrangement. The Company acquired the separate account business through a modified coinsurance arrangement. Since 2011, the Company has entered into several reinsurance agreements to assume pension liabilities in the United Kingdom. Under these arrangements, the Company assumes the longevity risk associated with the pension benefits of certain named beneficiaries. In 2014, the Company entered into a significant reinsurance transaction with a new United Kingdom counterparty. The account value associated with this transaction was $27 billion . In 2006, the Company acquired the variable annuity business of The Allstate Corporation (“Allstate”) through a reinsurance transaction. The reinsurance arrangements with Allstate include a coinsurance arrangement associated with the general account liabilities assumed and a modified coinsurance arrangement associated with the separate account liabilities assumed. The reinsurance payable, which represents the Company’s obligation under the modified coinsurance arrangement, is netted with the reinsurance receivable in the Consolidated Statement of Financial Position. In 2004, the Company acquired the retirement business of CIGNA and subsequently entered into various reinsurance arrangements. The Company still has indemnity coinsurance and modified coinsurance without assumption arrangements in effect related to this acquisition. For the domestic business, life and disability reinsurance is accomplished through various plans of reinsurance, primarily yearly renewable term, per person excess, excess of loss, and coinsurance. On policies sold since 2000, the Company has reinsured a significant portion of the individual life mortality risk. Placement of reinsurance is accomplished primarily on an automatic basis with some specific risks reinsured on a facultative basis. The Company has historically retained up to $30 million per life, but reduced its retention limit to $20 million per life in 2013. In addition, through December 31, 2014 , the Company reinsured 73% of the Closed Block division with unaffiliated third parties through various modified coinsurance arrangements accounted for using the deposit method of accounting. Effective January 1, 2015, the external reinsurance arrangements related to the Closed Block division were recaptured. The international business primarily uses reinsurance to obtain experience with respect to certain new product offerings and to a lesser extent, to manage risk and volatility as necessary. Reinsurance ceded arrangements do not discharge the Company as the primary insurer. Ceded balances would represent a liability of the Company in the event the reinsurers were unable to meet their obligations to the Company under the terms of the reinsurance agreements. Reinsurance premiums, commissions, expense reimbursements, benefits and reserves related to reinsured long-duration contracts under coinsurance arrangements are accounted for over the life of the underlying reinsured contracts using assumptions consistent with those used to account for the underlying contracts. Coinsurance arrangements contrast with the Company’s yearly renewable term arrangements, where only mortality risk is transferred to the reinsurer and premiums are paid to the reinsurer to reinsure that risk . The mortality risk that is reinsured under yearly renewable term arrangements represents the difference between the stated death benefits in the underlying reinsured contracts and the corresponding reserves or account value carried by the Company on those same contracts. The premiums paid to the reinsurer are based upon negotiated amounts, not on the actual premiums paid by the underlying contract holders to the Company. As yearly renewable term arrangements are usually entered into by the Company with the expectation that the contracts will be inforce for the lives of the underlying policies, they are considered to be long-duration reinsurance contracts. The cost of reinsurance related to short-duration reinsurance contracts is accounted for over the reinsurance contract period. The tables presented below exclude amounts pertaining to the Company’s discontinued operations. Reinsurance amounts included in the Consolidated Statements of Operations for premiums, policy charges and fees and policyholders’ benefits for the years ended December 31, were as follows: 2015 2014 2013 (in millions) Direct premiums $ 27,996 $ 29,666 $ 27,444 Reinsurance assumed 2,147 1,134 272 Reinsurance ceded (1,622 ) (1,507 ) (1,479 ) Premiums $ 28,521 $ 29,293 $ 26,237 Direct policy charges and fees $ 5,127 $ 5,026 $ 4,648 Reinsurance assumed 1,179 1,425 918 Reinsurance ceded (334 ) (272 ) (151 ) Policy charges and fees $ 5,972 $ 6,179 $ 5,415 Direct policyholder benefits $ 29,242 $ 31,012 $ 27,458 Reinsurance assumed 3,107 2,732 809 Reinsurance ceded (1,722 ) (2,157 ) (1,534 ) Policyholders’ benefits $ 30,627 $ 31,587 $ 26,733 Reinsurance recoverables at December 31, are as follows: 2015 2014 (in millions) Individual and group annuities(1) $ 659 $ 109 Life insurance(2) 2,885 2,842 Other reinsurance 160 159 Total reinsurance recoverable $ 3,704 $ 3,110 __________ (1) Primarily represents reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the retirement business of CIGNA. The Company has recorded reinsurance recoverables related to the acquisition of the retirement business of CIGNA of $650 million and $105 million at December 31, 2015 and 2014 , respectively. Also included is $ 7 million of reinsurance recoverables as of December 31, 2015 established under the reinsurance agreement with Union Hamilton Reinsurance, Ltd. related to the ceding of certain embedded derivative liabilities associated with the Company’s guaranteed benefits. (2) Includes $2,118 million and $2,130 million of reinsurance recoverables established at December 31, 2015 and 2014 , respectively, under the reinsurance arrangements associated with the acquisition of the Hartford Life Business. The Company has also recorded reinsurance payables related to the Hartford Life Business acquisition of $1,305 million and $1,300 million at December 31, 2015 and 2014 , respectively. Excluding the reinsurance recoverable associated with the acquisition of the Hartford Life Business and the retirement business of CIGNA, four major reinsurance companies account for approximately 60% of the reinsurance recoverable at December 31, 2015 . The Company periodically reviews the financial condition of its reinsurers, amounts recoverable therefrom, and unearned reinsurance premium, in order to minimize its exposure to loss from reinsurer insolvencies. If deemed necessary, the Company would secure collateral in the form of a trust, letter of credit, or funds withheld arrangement to ensure collectability; otherwise, an allowance for uncollectible reinsurance would be recorded. Under the Company’s longevity reinsurance transactions, the Company has secured collateral from its counterparties to minimize counterparty default risk.

Short-Term and Long-Term Debt

Short-Term and Long-Term Debt	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Short-Term and Long-Term Debt	SHORT-TERM AND LONG-TERM DEBT Short-term Debt Short-term debt at December 31 for the years indicated is as follows: 2015 2014 ($ in millions) Commercial paper: Prudential Financial $ 80 $ 97 Prudential Funding, LLC 384 386 Subtotal commercial paper 464 483 Current portion of long-term debt(1) 752 3,356 Total short-term debt(2) $ 1,216 $ 3,839 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 331 $ 199 Daily average commercial paper outstanding $ 1,127 $ 1,409 Weighted average maturity of outstanding commercial paper, in days 10 22 Weighted average interest rate on outstanding short-term debt(3) 0.16 % 0.12 % __________ (1) Includes collateralized borrowings from the FHLBNY of $280 million at December 31, 2014. (2) Includes Prudential Financial debt of $831 million and $2,319 million at December 31, 2015 and 2014 , respectively. (3) Excludes the current portion of long-term debt. At December 31, 2015 and 2014 , the Company was in compliance with all covenants related to the above debt. Commercial Paper Prudential Financial has a commercial paper program with an authorized capacity of $3.0 billion . Prudential Financial commercial paper borrowings have generally been used to fund the working capital needs of Prudential Financial’s subsidiaries and provide short-term liquidity at Prudential Financial. Prudential Funding, LLC (“Prudential Funding”), a wholly-owned subsidiary of Prudential Insurance, has a commercial paper program, with an authorized capacity of $7.0 billion . Prudential Funding commercial paper borrowings generally have served as an additional source of financing to meet the working capital needs of Prudential Insurance and its subsidiaries. Prudential Funding also lends to other subsidiaries of Prudential Financial up to limits agreed with the NJDOBI. Prudential Funding maintains a support agreement with Prudential Insurance whereby Prudential Insurance has agreed to maintain Prudential Funding’s tangible net worth at a positive level. Additionally, Prudential Financial has issued a subordinated guarantee covering Prudential Funding’s $7.0 billion commercial paper program. Federal Home Loan Bank of New York Prudential Insurance is a member of the FHLBNY. Membership allows Prudential Insurance access to the FHLBNY’s financial services, including the ability to obtain collateralized loans and to issue collateralized funding agreements. Under applicable law, the funding agreements issued to the FHLBNY have priority claim status above debt holders of Prudential Insurance. FHLBNY borrowings and funding agreements are collateralized by qualifying mortgage-related assets or U.S. Treasury securities, the fair value of which must be maintained at certain specified levels relative to outstanding borrowings. FHLBNY membership requires Prudential Insurance to own member stock and borrowings require the purchase of activity-based stock in an amount equal to 4.5% of outstanding borrowings. Under FHLBNY guidelines, if any of Prudential Insurance’s financial strength ratings decline below A/A2/A Stable by S&P/Moody’s/Fitch, respectively, and the FHLBNY does not receive written assurances from the NJDOBI regarding Prudential Insurance’s solvency, new borrowings from the FHLBNY would be limited to a term of 90 days or less. Currently there are no restrictions on the term of borrowings from the FHLBNY. All FHLBNY stock purchased by Prudential Insurance is classified as restricted general account investments within “Other long-term investments,” and the carrying value of these investments was $98 million and $151 million as of December 31, 2015 and 2014 , respectively. NJDOBI permits Prudential Insurance to pledge collateral to the FHLBNY in an amount of up to 5% of its prior year-end statutory net admitted assets, excluding separate account assets. Based on Prudential Insurance’s statutory net admitted assets as of December 31, 2014 , the 5% limitation equates to a maximum amount of pledged assets of $8.9 billion and an estimated maximum borrowing capacity (after taking into account required collateralization levels) of approximately $7.4 billion . Nevertheless, FHLBNY borrowings are subject to the FHLBNY’s discretion and to the availability of qualifying assets at Prudential Insurance. As of December 31, 2015 , Prudential Insurance had pledged assets with a fair value of $1.4 billion supporting outstanding funding agreements totaling $1.0 billion , which are included in “Policyholders’ account balances.” The fair value of qualifying assets that were available to Prudential Insurance, but not pledged, amounted to $4.5 billion as of December 31, 2015 . Prudential Insurance had no advances outstanding under the FHLBNY facility as of December 31, 2015 . Federal Home Loan Bank of Boston Prudential Retirement Insurance and Annuity Company (“PRIAC”) is a member of the Federal Home Loan Bank of Boston (“FHLBB”). Membership allows PRIAC access to collateralized advances which will be classified in “Short-term debt” or “Long-term debt,” depending on the maturity date of the obligation. PRIAC’s membership in FHLBB requires the ownership of member stock and borrowings from FHLBB require the purchase of activity-based stock in an amount between 3.0% and 4.5% of outstanding borrowings, depending on the maturity date of the obligation. As of December 31, 2015 , PRIAC had no advances outstanding under the FHLBB facility. Under Connecticut state insurance law, without the prior consent of the Connecticut Insurance Department, the amount of assets insurers may pledge to secure debt obligations is limited to the lesser of 5% of prior-year statutory admitted assets or 25% of prior-year statutory surplus, resulting in a maximum borrowing capacity for PRIAC under the FHLBB facility of approximately $210 million as of December 31, 2015. Credit Facilities As of December 31, 2015 , the Company maintained a syndicated, unsecured committed credit facility as described below. Borrower Original Term Expiration Date Capacity Amount Outstanding ($ in millions) Prudential Financial and Prudential Funding 5 years Apr 2020 $ 4,000 $ 0 Borrowings under this credit facility may be used for general corporate purposes, and the Company expects that it may borrow under the facility from time to time to fund its working capital needs. In addition, amounts under the credit facility may be drawn in the form of standby letters of credit that can be used to meet the Company’s operating needs. The credit facility contains representations and warranties, covenants and events of default that are customary for facilities of this type, and borrowings are not contingent on the Company’s credit ratings nor subject to material adverse change clauses. Borrowings under the credit facility are conditioned on the Company’s maintenance of consolidated net worth of at least $18.985 billion , which is calculated as U.S. GAAP equity, excluding AOCI, equity of noncontrolling interests and equity attributable to the Closed Block. As of December 31, 2015 , the Company’s consolidated net worth exceeded this required minimum amount. This credit facility, which was entered into on April 14, 2015, amends and restates the Company’s previously existing $2.0 billion five -year credit facility and $1.75 billion three -year credit facility. In addition to the above credit facility, the Company had access to $581 million of certain other lines of credit at December 31, 2015 , of which $510 million was for the sole use of certain real estate separate accounts. The separate account facilities include loan-to-value ratio requirements and other financial covenants, and recourse on obligations under these facilities is limited to the assets of the applicable separate account. At December 31, 2015 , $343 million of these credit facilities were used. The Company also has access to uncommitted lines of credit from financial institutions. Put Option Agreement for Senior Debt Issuance In November 2013, Prudential Financial entered into a ten -year put option agreement with a Delaware trust upon the completion of the sale of $1.5 billion of trust securities by that Delaware trust in a Rule 144A private placement. The trust invested the proceeds from the sale of the trust securities in a portfolio of principal and interest strips of U.S. Treasury securities. The put option agreement provides Prudential Financial the right to sell to the trust at any time up to $1.5 billion of 4.419% senior notes due November 2023 and receive in exchange a corresponding amount of the principal and interest strips of U.S. Treasury securities held by the trust. In return, the Company agreed to pay a semi-annual put premium to the trust at a rate of 1.777% per annum applied to the unexercised portion of the put option. The put option agreement with the trust provides Prudential Financial with a source of liquid assets. The put option described above will be exercised automatically in full upon the Company’s failure to make certain payments to the trust, such as paying the put option premium or reimbursing the trust for its expenses, if the Company’s failure to pay is not cured within 30 days , and upon an event involving its bankruptcy. The Company is also required to exercise the put option if its consolidated stockholders’ equity, calculated in accordance with U.S. GAAP but excluding AOCI, falls below $7.0 billion , subject to adjustment in certain cases. The Company has a one-time right to unwind a prior voluntary exercise of the put option by repurchasing all of the senior notes then held by the trust in exchange for principal and interest strips of U.S. Treasury securities. Finally, any of the 4.419% senior notes that Prudential Financial issues may be redeemed prior to their maturity at par or, if greater, a make-whole price, following a voluntary exercise in full of the put option. Long-term Debt Long-term debt at December 31 for the years indicated is as follows: Maturity Dates Rate(1) December 31, 2015 2014 ($ in millions) Fixed-rate notes: Surplus notes 2019-2025 5.36%-8.30% $ 841 $ 841 Surplus notes subject to set-off arrangements 2021-2033 3.52%-5.26% 3,850 3,588 Senior notes 2016-2045 2.30%-11.31% 10,267 10,842 Mortgage debt(2) 2019-2024 1.72%-3.74% 134 142 Floating-rate notes: Surplus notes 2052 1.32%-1.58% 500 500 Surplus notes subject to set-off arrangements 2024 1.65%-1.73% 1,050 385 U.S. dollar-denominated senior notes 2016-2020 0.74%-4.41% 1,609 2,209 Foreign currency denominated senior notes (3) 1.24%-1.33% 51 53 Mortgage debt(4) 2017-2025 0.65%-3.11% 430 360 Junior subordinated notes 2042-2068 5.20%-8.88% 5,884 4,884 Subtotal 24,616 23,804 Less: assets under set-off arrangements(5) 4,889 3,973 Total long-term debt(6) $ 19,727 $ 19,831 __________ (1) Ranges of interest rates are for the year ended December 31, 2015 . (2) Includes $38 million and $ 71 million of debt denominated in foreign currency at December 31, 2015 and 2014, respectively. (3) Perpetual debt that has no stated maturity. (4) Includes $212 million and $ 142 million of debt denominated in foreign currency at December 31, 2015 and 2014, respectively. As of December 31, 2014, $31 million was presented as fixed-rate mortgage debt. (5) Assets under set-off arrangements represent a reduction in the amount of surplus notes included in long-term debt, resulting from an arrangement where valid rights of set-off exist and it is the intent of both parties to settle on a net basis under legally enforceable arrangements. These assets include available-for-sale securities that are valued at market. The fair market value adjustment at December 31, 2015 decreased the assets by $11 million . (6) Includes Prudential Financial debt of $16,487 million and $16,061 million at December 31, 2015 and 2014 , respectively. At December 31, 2015 and 2014 , the Company was in compliance with all debt covenants related to the borrowings in the table above. The following table presents the contractual maturities of the Company’s long-term debt as of December 31, 2015 : Calendar Year 2017 2018 2019 2020 2021 and thereafter Total (in millions) Long-term debt $ 1,544 $ 1,430 $ 1,689 $ 1,246 $ 13,818 $ 19,727 Surplus Notes As of December 31, 2015 , Prudential Insurance had $841 million of fixed-rate surplus notes outstanding. These notes are subordinated to other Prudential Insurance borrowings and policyholder obligations, and the payment of interest and principal may only be made with the prior approval of the NJDOBI. The NJDOBI could prohibit the payment of the interest and principal on the surplus notes if certain statutory capital requirements are not met. At December 31, 2015 and 2014 , the Company met these statutory capital requirements. Prudential Insurance’s fixed-rate surplus notes include $500 million of exchangeable surplus notes issued in a private placement in 2009 with an interest rate of 5.36% per annum and due September 2019. The surplus notes became exchangeable at the option of the holder, in whole but not in part, for shares of Prudential Financial Common Stock beginning as of September 18, 2014. The initial exchange rate for the surplus notes was 10.1235 shares of Common Stock per each $1,000 principal amount of surplus notes, which represented an initial exchange price per share of Common Stock of $98.78 ; however, the exchange rate is subject to customary anti-dilution adjustments. The exchange rate is also subject to a make-whole decrease in the event of an exchange prior to maturity (except upon a fundamental business combination or a continuing payment default), that will result in a reduction in the number of shares issued upon exchange (per $1,000 principal amount of surplus notes) determined by dividing a prescribed cash reduction value (which will decline over the life of the surplus notes, from $102.62 for an exercise on September 18, 2014, to zero for an exercise at maturity) by the price of the Common Stock at the time of exchange. In addition, the exchange rate is subject to a customary make-whole increase in connection with an exchange of the surplus notes upon a fundamental business combination where 10% or more of the consideration in that business combination consists of cash, other property or securities that are not listed on a U.S. national securities exchange. These exchangeable surplus notes are not redeemable by Prudential Insurance prior to maturity, except in connection with a fundamental business combination involving Prudential Financial, in which case the surplus notes will be redeemable by Prudential Insurance, subject to the noteholders’ right to exchange the surplus notes instead, at par or, if greater, a make-whole redemption price. From 2011 through 2013, a captive reinsurance subsidiary of Prudential Insurance entered into agreements providing for the issuance and sale of up to $2.0 billion of ten -year fixed-rate surplus notes. Under the agreements, the captive receives in exchange for the surplus notes one or more credit-linked notes issued by a special-purpose subsidiary of the Company in an aggregate principal amount equal to the surplus notes issued. The captive holds the credit-linked notes as assets supporting non-economic reserves required to be held by the Company’s domestic insurance subsidiaries under Regulation XXX in connection with the reinsurance of term life insurance policies through the captive. The principal amount of the outstanding credit-linked notes is redeemable by the captive in cash upon the occurrence of, and in an amount necessary to remedy, a specified liquidity stress event affecting the captive. Under the agreements, external counterparties have agreed to fund any such payment under the credit-linked notes in return for a fee. Prudential Financial has agreed to make capital contributions to the captive to reimburse it for investment losses in excess of specified amounts and has agreed to reimburse the external counterparties for any payments under the credit-linked notes that are funded by those counterparties. As of December 31, 2015 , an aggregate of $1.75 billion of surplus notes were outstanding under these agreements and no such payments under the credit-linked notes have been required. In December 2013, a captive reinsurance subsidiary entered into a twenty -year financing facility with external counterparties providing for the issuance and sale of a surplus note for the financing of non-economic reserves required under Guideline AXXX. The current financing capacity available under the facility is $3.5 billion . In December, 2015 the facility was amended to increase the maximum potential size of the facility to $4.5 billion . Similar to the agreements described above, the captive receives in exchange for the surplus note one or more credit-linked notes issued by a special-purpose affiliate in an aggregate principal amount equal to the surplus note. As above, the principal amount of the outstanding credit-linked notes is redeemable by the captive in cash upon the occurrence of, and in an amount necessary to remedy, a specified liquidity stress event, and the external counterparties have agreed to fund any such payment. Prudential Financial has agreed to reimburse the captive for investment losses in excess of specified amounts; however, Prudential Financial has no other reimbursement obligations to the external counterparties under this facility. As of December 31, 2015 , an aggregate of $2.1 billion of surplus notes were outstanding under the facility and no credit-linked note payments have been required. In December 2014, a captive reinsurance subsidiary entered into a ten -year financing facility with certain unaffiliated financial institutions, pursuant to which the captive agreed to issue and sell a surplus note in an aggregate principal amount of up to $1.75 billion in return for an equal principal amount of credit-linked notes issued by a special-purpose affiliate. The term of the financing facility may be extended, at the captive’s option, by up to five years . The captive holds the credit-linked notes as assets supporting non-economic reserves required to be held by the Company’s domestic insurance subsidiaries under Regulation XXX in connection with the reinsurance of term life insurance policies through the captive. The principal amount of the outstanding credit-linked notes is redeemable by the captive in cash upon the occurrence of, and in an amount necessary to remedy, a specified liquidity stress event affecting the captive. Under the agreements, external counterparties have agreed to fund any such payment under the credit-linked notes in return for a fee. Prudential Financial has agreed to make capital contributions to the captive to reimburse it for investment losses in excess of specified amounts. As of December 31, 2015 , an aggregate of $1.05 billion of surplus notes were outstanding under the facility and no credit-linked note payments have been required. In December 2014, a captive reinsurance subsidiary entered into a financing facility with an unaffiliated financial institution, pursuant to which the captive issued and sold $3.0 billion in principal amount of surplus notes in return for an equal principal amount of credit-linked notes issued by two special-purpose affiliates. One of the special-purpose affiliates also issued and sold to the unaffiliated financial institution $1.7 billion in principal amount of senior notes in exchange for cash. The maximum term of the financing is twenty years . The captive intends to hold the credit-linked notes as assets supporting reserves required to be held by the Company’s domestic insurance subsidiaries under Regulation XXX in connection with the reinsurance through the captive of term life insurance policies. This financing facility replaced the $3.0 billion facility for this captive initially entered into in 2006. The captive can redeem the credit-linked notes in cash upon the occurrence of, and in an amount necessary to remedy, a liquidity stress event affecting the captive. The unaffiliated financial institution has agreed to fund any such payment under a portion of the credit-linked notes in an aggregate amount of up to $1.0 billion , in return for the receipt of fees. The remaining obligations of the special-purpose affiliates to make such payments are supported by collateral held by those affiliates. Prudential Financial has agreed to make capital contributions to the captive and to the special-purpose affiliates to reimburse them for investment losses in excess of specified amounts. Prudential Financial has also agreed to reimburse the unaffiliated financial institution for any payments under the credit-linked notes funded by it and for any payments due but otherwise unpaid under the senior notes issued by the special-purpose affiliates. In December 2015, the special-purpose affiliate redeemed $600 million of its outstanding senior notes, and unaffiliated financial institutions agreed to fund any necessary payments on $600 million of the credit-linked notes in return for a fee. Prudential Financial has no reimbursement obligation with respect to payments made under this $600 million of credit-linked notes. Under each of the above transactions for the captive reinsurance subsidiaries, because valid rights of set-off exist, interest and principal payments on the surplus notes and on the credit-linked notes are settled on a net basis, and the surplus notes are reflected in the Company’s total consolidated borrowings on a net basis. Another captive reinsurance subsidiary has $500 million of surplus notes outstanding that were issued in 2007 with unaffiliated institutions to finance reserves required under Guideline AXXX. Prudential Financial has agreed to maintain the capital of this captive at or above a prescribed minimum level and has entered into arrangements (which are accounted for as derivative instruments) that require it to make certain payments in the event of deterioration in the value of the surplus notes. As of December 31, 2015 and 2014 , there were no collateral postings made under these derivative instruments. The surplus notes for the captive reinsurance subsidiaries described above are subordinated to policyholder obligations, and the payment of principal on the surplus notes may only be made with prior approval of the Arizona Department of Insurance. The payment of interest on the surplus notes has been approved by the Arizona Department of Insurance, subject to its ability to withdraw that approval. On February 18, 2015, Prudential Legacy Insurance Company of New Jersey (“PLIC”) entered into a twenty -year financing facility with certain unaffiliated financial institutions and a special-purpose company affiliate, pursuant to which PLIC may, at its option and subject to the satisfaction of customary conditions, issue and sell to the affiliate up to $4.0 billion in aggregate principal amount of surplus notes, in return for an equal principal amount of credit-linked notes. Upon issuance, PLIC would hold any credit-linked notes as assets to finance future statutory surplus needs within PLIC. As of December 31, 2015 , there were no surplus notes outstanding under the facility. Senior Notes Medium-Term Notes. Prudential Financial maintains a medium-term notes program under its shelf registration statement with an authorized issuance capacity of $20.0 billion . As of December 31, 2015 , the outstanding balance of medium-term notes under this program was $10.9 billion , a decrease of $2.1 billion from December 31, 2014 , due to maturities. Retail Medium-Term Notes. Prudential Financial also maintains a retail medium-term notes program, including the InterNotes ® program, under its shelf registration statement with an authorized issuance capacity of $5.0 billion . As of December 31, 2015 , the outstanding balance of retail notes was $477 million . Retail notes outstanding increased by $102 million from December 31, 2014 , due to issuances of $179 million of notes offset by maturities and prepayments of $77 million of notes in 2015 . Asset-Backed Notes. On March 30, 2012, Prudential Insurance sold, in a Rule 144A private placement, $1.0 billion of 2.997% asset-backed notes with a final maturity of September 30, 2015. In 2015 , the remaining $750 million was repaid with $50 million and $700 million , representing scheduled repayments and maturities, respectively. Funding Agreement Notes Issuance Program. The Company maintains a FANIP in which a statutory trust issues medium-term notes secured by funding agreements issued to the trust by Prudential Insurance. These obligations are included in “Policyholders’ account balances” and not included in the foregoing table. See Notes 5 and 10 for further discussion of these obligations. Mortgage Debt . As of December 31, 2015 , the Company’s subsidiaries had mortgage debt of $564 million that has recourse only to real estate property held for investment by those subsidiaries. This represents an increase of $62 million from December 31, 2014 , due to new borrowings in 2015 of $ 149 million including foreign exchange fluctuations offset by prepayments of $ 72 million and foreign exchange fluctuations of $ 15 million on debt outstanding as of 2014. Junior Subordinated Notes Prudential Financial’s junior subordinated notes outstanding are considered hybrid securities that receive enhanced equity treatment from the rating agencies. Junior subordinated notes outstanding, along with their key terms, are as follows: Issue Date Principal Amount Initial Interest Rate Investor Type Optional Redemption Date(1) Interest Rate Subsequent to Optional Redemption Date Scheduled Maturity Date Final Maturity Date ($ in millions) June 2008 $ 600 8.88 % Institutional 6/15/2018 LIBOR + 5.00% 6/15/2038 6/15/2068 August 2012 $ 1,000 5.88 % Institutional 9/15/2022 LIBOR + 4.18% n/a 9/15/2042 November 2012 $ 1,500 5.63 % Institutional 6/15/2023 LIBOR + 3.92% n/a 6/15/2043 December 2012 $ 575 5.75 % Retail 12/4/2017 5.75% n/a 12/15/2052 March 2013 $ 710 5.70 % Retail 3/15/2018 5.70% n/a 3/15/2053 March 2013 $ 500 5.20 % Institutional 3/15/2024 LIBOR + 3.04% n/a 3/15/2044 May 2015 $ 1,000 5.38 % Institutional 5/15/2025 LIBOR + 3.03% n/a 3/15/2045 __________ (1) Represents the initial date on which the notes can be redeemed at par solely at the option of the Company, subject in the case of the 8.88% notes to compliance with a replacement capital covenant. Prudential Financial has the right to defer interest payments on these notes for specified periods, typically 5 - 10 years without resulting in a default, during which time interest will be compounded. On or after the optional redemption dates, Prudential Financial may redeem the notes at par plus accrued and unpaid interest. Prior to those optional redemption dates, redemptions generally are subject to a make-whole price; however, the Company may redeem the notes prior to these dates at par upon the occurrence of certain events, such as, for the notes issued in 2012 and later, a future change in the regulatory capital treatment of the notes with respect to the Company. In connection with the issuance of the 8.88% notes, Prudential Financial entered into a replacement capital covenant for the benefit of the holders of its 5.90% senior notes due March 2036. Under this covenant, the Company agreed not to redeem or repurchase the 8.88% notes prior to June 2038 unless it has received proceeds from the issuance of specified replacement capital securities. Limited Recourse Notes. In the third and fourth quarters of 2014, Prudential Financial entered into financing transactions pursuant to which it issued $500 million of limited recourse notes and, in return, obtained $500 million of asset-backed notes issued by a designated series of a Delaware master trust. The asset-backed notes mature from 2019 through 2021; however, the maturity date of a portion of the notes may be extended by the Company for up to three years , subject to conditions. The asset-backed notes were ultimately contributed to PRIAC, an insurance subsidiary, to finance statutory surplus, and PRIAC, in turn, paid cash dividends totaling $500 million to its parent, Prudential Insurance. The master trust’s payment obligations under each of the asset-backed notes are secured by corresponding payment obligations of a third-party financial institution and a portfolio of specified assets that have an aggregate value at least equal to the principal amount of the applicable asset-backed note. The principal amount of each asset-backed note is payable to PRIAC in cash at any time upon demand by PRIAC or, if not earlier paid, at maturity. Each of the limited recourse notes obligates Prudential Financial to reimburse the applicable third-party financial institution for any principal payments received on the corresponding asset-backed note, but there is no obligation to reimburse any portion of a principal payment that is needed by PRIAC to pay then current claims to its policyholders. Each limited recourse note bears interest at a rate equal to the rate on the corresponding asset-backed note, plus an amount representing fees payable to the applicable third-party financial institution. As of December 31, 2015 , no principal payments have been received or are currently due on the asset-backed notes and, as a result, there was no payment obligation under the limited recourse notes. Accordingly, the notes are not reflected in the Company’s Consolidated Financial Statements as of December 31, 2015 . Interest Expense In order to modify exposure to interest rate and currency exchange rate movements, the Company utilizes derivative instruments, primarily interest rate swaps, in conjunction with some of its debt issues. The impact of these derivative instruments are not reflected in the rates presented in the tables above. For those derivative instruments that qualify for hedge accounting treatment, interest expense was increased by $7 million , $22 million and $23 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. See Note 21 for additional information on the Company’s use of derivative instruments. Interest expense for short-term and long-term debt was $1,328 million , $1,934 million and $1,419 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. This includes interest expense of $11 million , $11 million and $6 million for the years ended December 31, 2015 , 2014 and 2013 , respectively, reported in “Net investment income.”

Equity

Equity	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note [Abstract]
Equity	EQUITY On the date of demutualization, Prudential Financial completed an initial public offering of its Common Stock at an initial public offering price of $27.50 per share. The shares of Common Stock issued were in addition to shares of Common Stock the Company distributed to policyholders as part of the demutualization. The Common Stock is traded on the New York Stock Exchange under the symbol “PRU”. Through December 31, 2014 , the Common Stock reflected the performance of the Company’s former Financial Services Businesses. As a result of the Class B Repurchase, beginning in 2015, the Common Stock reflects the consolidated performance of Prudential Financial. Also on the date of demutualization, Prudential Financial completed the sale, through a private placement, of 2.0 million shares of Class B Stock at a price of $87.50 per share. The Class B Stock was a separate class of common stock not publicly- traded, which reflected the performance of the Company’s former Closed Block Business. As part of the Class B Repurchase, Prudential Financial repurchased and canceled all of the 2.0 million shares of the Class B Stock. The changes in the number of shares of Common Stock issued, held in treasury and outstanding, are as follows for the periods indicated: Common Stock Issued Held In Treasury Outstanding (in millions) Balance, December 31, 2012 660.1 197.1 463.0 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 10.0 (10.0 ) Stock-based compensation programs(1) 0.0 (8.1 ) 8.1 Balance, December 31, 2013 660.1 199.0 461.1 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 11.6 (11.6 ) Stock-based compensation programs(1) 0.0 (5.3 ) 5.3 Balance, December 31, 2014 660.1 205.3 454.8 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 12.1 (12.1 ) Stock-based compensation programs(1) 0.0 (4.4 ) 4.4 Balance, December 31, 2015 660.1 213.0 447.1 __________ (1) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs. In the event of a liquidation, dissolution or winding-up of the Company, holders of Common Stock would be entitled to receive a proportionate share of the net assets of the Company that remain after paying all liabilities and the liquidation preferences of any preferred stock. Common Stock Held in Treasury Common Stock held in treasury is accounted for at average cost. Gains resulting from the reissuance of “Common Stock held in treasury” are credited to “Additional paid-in capital.” Losses resulting from the reissuance of “Common Stock held in treasury” are charged first to “Additional paid-in capital” to the extent the Company has previously recorded gains on treasury share transactions, then to “Retained earnings.” In June 2013 , Prudential Financial’s Board of Directors authorized the Company to repurchase at management’s discretion up to $1.0 billion of its outstanding Common Stock from July 1, 2013 through June 30, 2014 . Under this authorization, 12.0 million shares of the Company’s Common Stock were repurchased at a total cost of $1.0 billion , of which 5.9 million shares were repurchased in the first six months of 2014 at a total cost of $500 million . In June 2014 , Prudential Financial’s Board of Directors authorized the Company to repurchase at management’s discretion up to $1.0 billion of its outstanding Common Stock from July 1, 2014 through June 30, 2015 . Under this authorization, 11.7 million shares of the Company’s Common Stock were repurchased at a total cost of $1.0 billion , of which 6.0 million shares were repurchased in the first six months of 2015 at a total cost of $500 million . In June 2015 , Prudential Financial’s Board of Directors authorized the Company to repurchase at management’s discretion up to $1.0 billion of its outstanding Common Stock from July 1, 2015 through June 30, 2016 . As of December 31, 2015 , 6.1 million shares of the Company’s Common Stock were repurchased under this authorization at a total cost of $500 million . In December 2015 , Prudential Financial’s Board of Directors authorized the Company to repurchase at management’s discretion up to $1.5 billion of its outstanding Common Stock from January 1, 2016 through December 31, 2016. Effective January 1, 2016, this authorization superseded the Company’s $1.0 billion share repurchase authorization that was announced in June 2015, covering the period from July 1, 2015 through June 30, 2016. The timing and amount of share repurchases are determined by management based upon market conditions and other considerations, and repurchases may be effected in the open market, through derivative, accelerated repurchase and other negotiated transactions and through prearranged trading plans complying with Rule 10b5-1(c) under the Exchange Act of 1934. Numerous factors could affect the timing and amount of any future repurchases under the share repurchase authorization, including increased capital needs of the Company due to changes in regulatory capital requirements, opportunities for growth and acquisitions, and the effect of adverse market conditions on the segments. Class B Stock The Company had 2.0 million shares of Class B Stock issued and outstanding as of December 31, 2012 and 2013 . On December 1, 2014, Prudential Financial entered into a Share Repurchase Agreement with the holders of the Class B Stock to repurchase all of the 2.0 million outstanding shares of Class B Stock for an aggregate cash purchase price of $650.8 million . As a result, all of the outstanding shares of Class B Stock were reclassified as “held in treasury” as of December 31, 2014, resulting in a reduction to “Total Prudential Financial, Inc. equity.” As discussed in Note 1, on January 2, 2015, the Company repurchased and canceled all of the shares of the Class B Stock, resulting in the elimination of the Class B Stock held in treasury, a $483.8 million decrease in “Retained earnings” and a $167.0 million decrease in “Additional paid-in capital.” In accordance with the terms of the Share Repurchase Agreement, the holders of a majority of the Class B Stock have exercised their right to dispute the calculation of the purchase price. As a result of this dispute, the final purchase price of the Class B Stock is expected to change, with a corresponding adjustment recorded within “Retained earnings.” Preferred Stock As of December 31, 2015 , 2014 and 2013 , the Company had no preferred stock outstanding. Dividends The declaration and payment of dividends on the Common Stock is limited by New Jersey corporate law, pursuant to which Prudential Financial is prohibited from paying a Common Stock dividend if, after giving effect to that dividend, either (a) the Company would be unable to pay its debts as they become due in the usual course of its business or (b) the Company’s total assets would be less than its liabilities. In addition, the terms of the Company’s outstanding junior subordinated debt include a “dividend stopper” provision that restricts the payment of dividends on the Common Stock if interest payments are not made on the junior subordinated debt. Further, as a Designated Financial Company under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”), Prudential Financial is expected to be subject to stricter requirements and limitations regarding capital, leverage and liquidity. Prudential Financial’s compliance with these and other requirements under Dodd-Frank could limit its ability to pay Common Stock dividends in the future. As of December 31, 2015 , the Company’s U.S. GAAP retained earnings were $18,931 million . Other than the above limitations, this amount is free of restrictions for the payment of Common Stock dividends. However, Common Stock dividends will be dependent upon financial conditions, results of operations, cash needs, future prospects and other factors, including cash available to Prudential Financial, the parent holding company. The principal sources of funds available to Prudential Financial are dividends and returns of capital from its subsidiaries, repayments of operating loans from its subsidiaries and cash and short-term investments. The primary uses of funds at Prudential Financial include servicing its debt, operating expenses, capital contributions and loans to subsidiaries, the payment of declared shareholder dividends and repurchases of outstanding shares of Common Stock if executed under Board authority. As of December 31, 2015 , Prudential Financial had cash and short-term investments, excluding amounts held in an intercompany liquidity account, of $5,062 million . Future cash available at Prudential Financial to support the payment of future Common Stock dividends is dependent on the receipt of dividends or other funds from its subsidiaries, the majority of which are subject to comprehensive regulation, including limitations on their payment of dividends and other transfers of funds, which are discussed below. With respect to Prudential Insurance, the Company’s primary domestic insurance subsidiary, New Jersey insurance law provides that, except in the case of extraordinary dividends (as described below), all dividends or other distributions paid by Prudential Insurance may be paid only from unassigned surplus, as determined pursuant to statutory accounting principles, less cumulative unrealized investment gains and losses and revaluation of assets as of the prior calendar year-end. As of December 31, 2015 , Prudential Insurance’s unassigned surplus was $9,781 million , and it recorded applicable adjustments for cumulative unrealized investment gains of $1,399 million . Prudential Insurance must give prior notification to the NJDOBI of its intent to pay any such dividend or distribution. Also, if any dividend, together with other dividends or distributions made within the preceding twelve months, exceeds the greater of (i) 10% of Prudential Insurance’s statutory surplus as of the preceding December 31 ( $11,543 million as of December 31, 2015 ) or (ii) its statutory net gain from operations excluding realized investment gains and losses for the twelve month period ending on the preceding December 31 ( $2,555 million for the year ended December 31, 2015 ), the dividend is considered to be an “extraordinary dividend” and requires the prior approval of the NJDOBI. Under New Jersey insurance law, Prudential Insurance is permitted to pay a dividend of $2,555 million in 2016 without prior approval of the NJDOBI. Of the $2,555 million , $605 million is permitted to be paid prior to May 2016 without prior approval of the NJDOBI. The remaining $1,950 million is permitted to be paid after May 2016, without prior approval of the NJDOBI. The laws regulating dividends of the states where the Company’s other domestic insurance subsidiaries are domiciled are similar, but not identical, to New Jersey’s. Prudential Annuities Life Assurance Corporation (“PALAC”), an Arizona-domiciled insurer that is a subsidiary of Prudential Financial, is permitted to pay a dividend of $48 million after December 22, 2016 with prior notification to the Arizona Department of Insurance. The Company’s international insurance operations are subject to dividend restrictions from the regulatory authorities in the jurisdictions in which they operate. With respect to The Prudential Life Insurance Company Ltd. (“Prudential of Japan”) and Gibraltar Life, the Company’s most significant international insurance subsidiaries, both of which are domiciled in Japan, Japan insurance law provides that common stock dividends may be paid in an amount of up to 83% of prior fiscal year statutory after-tax earnings, after certain reserving thresholds are met, including providing for policyholder dividends. If statutory retained earnings exceed 100% of statutory paid-in capital, 100% of prior year statutory after-tax earnings may be paid, after reserving thresholds are met. Dividends in excess of these amounts and other forms of capital distribution require the prior approval of the Japan Financial Services Agency (“FSA”). Additionally, Prudential of Japan and Gibraltar Life must give prior notification to the FSA of their intent to pay any dividend or distribution. During 2015 , Prudential Financial received a common stock dividend of ¥10.3 billion , or approximately $86 million , from Prudential of Japan, and a common stock dividend of ¥16.5 billion , or approximately $137 million , from Gibraltar Life and Other Japan operations. In addition to paying common stock dividends, Prudential of Japan and Gibraltar Life may return capital to Prudential Financial through other means, such as the repayment of subordinated debt or preferred stock obligations held by Prudential Financial or other affiliates. The current regulatory fiscal year end for both Prudential of Japan and Gibraltar Life is March 31, 2016, at which time the common stock dividend amount permitted to be paid without prior approval from the FSA will be determinable. In addition, although prior regulatory approval may not be required by law for the payment of dividends up to the limitations described above, in practice, the Company would typically discuss any dividend payments with the applicable regulatory authority prior to payment. Additionally, the payment of dividends by the Company’s subsidiaries is subject to declaration by their Board of Directors and may be affected by market conditions and other factors. Statutory Net Income, Capital and Surplus The Company’s domestic insurance subsidiaries are required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the insurance department of the state of domicile. . Statutory accounting practices primarily differ from U.S. GAAP by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions as well as valuing investments and certain assets and accounting for deferred taxes on a different basis. Statutory net income (loss) of Prudential Insurance amounted to $5,253 million , $901 million and $1,358 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. Statutory capital and surplus of Prudential Insurance amounted to $11,543 million and $10,331 million at December 31, 2015 and 2014 , respectively. Statutory net income (loss) of PALAC amounted to $340 million , $393 million and $406 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. Statutory capital and surplus of PALAC amounted to $482 million and $606 million at December 31, 2015 and 2014 , respectively. The risk-based capital (“RBC”) ratio is a primary measure by which the Company and its insurance regulators evaluate the capital adequacy of Prudential Insurance and the Company’s other domestic insurance subsidiaries. RBC is determined by NAIC-prescribed formulas that consider, among other things, risks related to the type and quality of the invested assets, insurance-related risks associated with an insurer’s products and liabilities, interest rate risks and general business risks. If a subsidiary’s Total Adjusted Capital (“TAC”), as calculated in a manner prescribed by the NAIC, falls below the Company Action Level RBC, corrective action is required . As of December 31, 2015 , Prudential Insurance and PALAC both had TAC levels in excess of 4.0 times the regulatory required minimums that would require corrective action. The Company’s international insurance subsidiaries prepare financial statements in accordance with local regulatory requirements. These statutory accounting practices differ from U.S. GAAP primarily by charging policy acquisition costs to expense as incurred and establishing future policy benefit liabilities using different actuarial assumptions, as well as valuing investments and certain assets and accounting for deferred taxes on a different basis. The FSA utilizes a solvency margin ratio to evaluate the capital adequacy of Japanese insurance companies. The solvency margin ratio considers the level of solvency margin capital to a solvency margin risk amount, which is calculated in a similar manner to RBC. As of December 31, 2015 , Prudential of Japan and Gibraltar Life both had solvency margin capital in excess of 3.5 times the regulatory required minimums that would require corrective action. All of the Company’s domestic and international insurance subsidiaries have capital and surplus levels that exceed their respective regulatory minimum requirements, and none utilized prescribed or permitted practices that vary materially from the practices prescribed by the NAIC or equivalent regulatory bodies for results reported as of December 31, 2015 and 2014, respectively, or for the years ended December 31, 2015, 2014 and 2013, respectively. Accumulated Other Comprehensive Income (Loss) The balance of and changes in each component of “Accumulated other comprehensive income (loss) attributable to Prudential Financial, Inc.” for the years ended December 31, are as follows: Accumulated Other Comprehensive Income (Loss) Attributable to Prudential Financial, Inc. Foreign Currency Translation Adjustment Net Unrealized Investment Gains (Losses)(1) Pension and Postretirement Unrecognized Net Periodic Benefit (Cost) Total Accumulated Other Comprehensive Income (Loss) (in millions) Balance, December 31, 2012 $ 928 $ 11,402 $ (2,116 ) $ 10,214 Change in OCI before reclassifications (1,465 ) (1,239 ) 749 (1,955 ) Amounts reclassified from AOCI 4 (289 ) 125 (160 ) Income tax benefit (expense) 420 470 (308 ) 582 Balance, December 31, 2013 (113 ) 10,344 (1,550 ) 8,681 Change in OCI before reclassifications (1,066 ) 15,490 (1,134 ) 13,290 Amounts reclassified from AOCI (3 ) (1,760 ) 91 (1,672 ) Income tax benefit (expense) 207 (4,823 ) 367 (4,249 ) Balance, December 31, 2014 (975 ) 19,251 (2,226 ) 16,050 Change in OCI before reclassifications (245 ) (3,161 ) (457 ) (3,863 ) Amounts reclassified from AOCI 17 (2,325 ) 193 (2,115 ) Income tax benefit (expense) 116 2,008 89 2,213 Balance, December 31, 2015 $ (1,087 ) $ 15,773 $ (2,401 ) $ 12,285 __________ (1) Includes cash flow hedges of $1,165 million , $206 million and $(446) million as of December 31, 2015 , 2014 , and 2013 , respectively. Reclassifications out of Accumulated Other Comprehensive Income (Loss) Years Ended December 31, Affected line item in Consolidated Statements of Operations 2015 2014 2013 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustment $ (8 ) $ 3 $ 0 Realized investment gains (losses), net Foreign currency translation adjustment (9 ) 0 (4 ) Other income Total foreign currency translation adjustment (17 ) 3 (4 ) Net unrealized investment gains (losses): Cash flow hedges—Interest Rate (7 ) (60 ) (24 ) (3) Cash flow hedges—Currency/Interest rate 247 114 (104 ) (3) Net unrealized investment gains (losses) on available-for-sale securities 2,085 1,706 351 Net unrealized investment gains (losses)—all other 0 0 66 Total net unrealized investment gains (losses) 2,325 1,760 289 (4) Amortization of defined benefit items: Prior service cost 13 20 22 (5) Actuarial gain (loss) (206 ) (111 ) (147 ) (5) Total amortization of defined benefit items (193 ) (91 ) (125 ) Total reclassifications for the period $ 2,115 $ 1,672 $ 160 __________ (1) All amounts are shown before tax. (2) Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI. (3) See Note 21 for additional information on cash flow hedges. (4) See table below for additional information on unrealized investment gains (losses), including the impact on deferred policy acquisition and other costs, future policy benefits and policyholders’ dividends. (5) See Note 18 for information on employee benefit plans. Net Unrealized Investment Gains (Losses) Net unrealized investment gains (losses) on securities classified as available-for-sale and certain other long-term investments and other assets are included in the Company’s Consolidated Statements of Financial Position as a component of AOCI. Changes in these amounts include reclassification adjustments to exclude from “Other comprehensive income (loss)” those items that are included as part of “Net income” for a period that had been part of “Other comprehensive income (loss)” in earlier periods. The amounts for the periods indicated below, split between amounts related to fixed maturity securities on which an OTTI loss has been recognized, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities on which an OTTI loss has been recognized Net Unrealized Gains (Losses) on Investments DAC, DSI, and VOBA Future Policy Benefits and Policyholders’ Account Balances Policyholders’ Dividends Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses) (in millions) Balance, December 31, 2012 $ (194 ) $ 3 $ 3 $ 139 $ 18 $ (31 ) Net investment gains (losses) on investments arising during the period 242 (85 ) 157 Reclassification adjustment for (gains) losses included in net income 70 (25 ) 45 Reclassification adjustment for OTTI losses excluded from net income(1) (8 ) 3 (5 ) Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA (8 ) 3 (5 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 1 1 Impact of net unrealized investment (gains) losses on policyholders’ dividends (75 ) 26 (49 ) Balance, December 31, 2013 110 (5 ) 4 64 (60 ) 113 Net investment gains (losses) on investments arising during the period 196 (69 ) 127 Reclassification adjustment for (gains) losses included in net income 47 (16 ) 31 Reclassification adjustment for OTTI losses excluded from net income(1) (4 ) 1 (3 ) Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA (1 ) (1 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances (1 ) (1 ) Impact of net unrealized investment (gains) losses on policyholders’ dividends (96 ) 34 (62 ) Balance, December 31, 2014 349 (6 ) 3 (32 ) (110 ) 204 Net investment gains (losses) on investments arising during the period (3 ) 1 (2 ) Reclassification adjustment for (gains) losses included in net income (97 ) 35 (62 ) Reclassification adjustment for OTTI losses excluded from net income(1) (15 ) 5 (10 ) Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA 12 (4 ) 8 Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 11 (4 ) 7 Impact of net unrealized investment (gains) losses on policyholders’ dividends 1 1 Balance, December 31, 2015 $ 234 $ 6 $ 14 $ (31 ) $ (77 ) $ 146 __________ (1) Represents “transfers in” related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss. All Other Net Unrealized Investment Gains (Losses) in AOCI Net Unrealized DAC, DSI, Future Policy Policyholders’ Deferred Accumulated Other Comprehensive Income (Loss) (in millions) Balance, December 31, 2012 $ 25,151 $ (1,228 ) $ (1,144 ) $ (5,627 ) $ (5,719 ) $ 11,433 Net investment gains (losses) on investments arising during the period (4,306 ) 1,443 (2,863 ) Reclassification adjustment for (gains) losses included in net income (359 ) 126 (233 ) Reclassification adjustment for OTTI losses excluded from net income(2) 8 (3 ) 5 Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA 509 (178 ) 331 Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 465 (164 ) 301 Impact of net unrealized investment (gains) losses on policyholders’ dividends 1,933 (676 ) 1,257 Balance, December 31, 2013 20,494 (719 ) (679 ) (3,694 ) (5,171 ) 10,231 Net investment gains (losses) on investments arising during the period 18,073 (6,337 ) 11,736 Reclassification adjustment for (gains) losses included in net income (1,807 ) 632 (1,175 ) Reclassification adjustment for OTTI losses excluded from net income(2) 4 (1 ) 3 Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA (736 ) 254 (482 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances (603 ) 211 (392 ) Impact of net unrealized investment (gains) losses on policyholders’ dividends (1,342 ) 468 (874 ) Balance, December 31, 2014 36,764 (1,455 ) (1,282 ) (5,036 ) (9,944 ) 19,047 Net investment gains (losses) on investments arising during the period (6,311 ) 2,268 (4,043 ) Reclassification adjustment for (gains) losses included in net income (2,228 ) 801 (1,427 ) Reclassification adjustment for OTTI losses excluded from net income(2) 15 (5 ) 10 Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA 695 (240 ) 455 Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 200 (67 ) 133 Impact of net unrealized investment (gains) losses on policyholders’ dividends 2,234 (782 ) 1,452 Balance, December 31, 2015 $ 28,240 $ (760 ) $ (1,082 ) $ (2,802 ) $ (7,969 ) $ 15,627 __________ (1) Includes cash flow hedges. See Note 21 for information on cash flow hedges. (2) Represents “transfers out” related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE From demutualization through December 31, 2014 , the Company had two separate classes of common stock. The Common Stock reflected the performance of the Company’s former Financial Services Businesses and the Class B Stock reflected the performance of the Company’s former Closed Block Business. Earnings per share were calculated separately for each of these two classes of common stock and included a direct equity adjustment to modify the earnings available to each of the classes of common stock for the difference between the allocation of general and administrative expenses to each of the businesses and the cash flows between the businesses related to these expenses. Accordingly, earnings per share of Common Stock presented below for the years ended December 31, 2014 and 2013 , reflect earnings attributable to the former Financial Services Businesses. As discussed in Note 1, on January 2, 2015, Prudential Financial repurchased and canceled all of the 2.0 million shares of the Class B Stock. Accordingly, earnings per share of Common Stock presented below for the year ended December 31, 2015, reflect the consolidated earnings of Prudential Financial. In addition, the Class B Repurchase resulted in the elimination of the separation of the former Financial Services Businesses and Closed Block Business. As a result, there was no direct equity adjustment recorded for the year ended December 31, 2015. Earnings per share of the Class B Stock for the years ended December 31, 2014 and 2013, is not presented herein as it is not meaningful due to the Class B Repurchase. A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidated earnings of Prudential Financial for the year ended December 31, 2015, is as follows: 2015 Income Weighted Average Shares Per Share Amount (in millions, except per share amounts) Basic earnings per share Income (loss) from continuing operations $ 5,712 Less: Income (loss) attributable to noncontrolling interests 70 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 55 Income (loss) from continuing operations attributable to Prudential Financial available to holders of Common Stock $ 5,587 451.7 $ 12.37 Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 55 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 54 Stock options 2.3 Deferred and long-term compensation programs 0.9 Exchangeable Surplus Notes 17 5.5 Diluted earnings per share Income (loss) from continuing operations attributable to Prudential Financial available to holders of Common Stock $ 5,605 460.4 $ 12.17 A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on earnings attributable to the former Financial Services Businesses for the years ended December 31, 2014 and 2013, is as follows: 2014 2013 Income Weighted Average Shares Per Share Amount Income Weighted Average Shares Per Share Amount (in millions, except per share amounts) Basic earnings per share Income (loss) from continuing operations attributable to the Financial Services Businesses $ 1,579 $ (613 ) Direct equity adjustment (27 ) 2 Less: Income (loss) attributable to noncontrolling interests 57 107 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 14 8 Income (loss) from continuing operations attributable to the Financial Services Businesses available to holders of Common Stock after direct equity adjustment $ 1,481 458.5 $ 3.23 $ (726 ) 463.1 $ (1.57 ) Effect of dilutive securities and compensation programs(1) Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 14 $ 8 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 14 8 Stock options 3.0 0.0 Deferred and long-term compensation programs 0.8 0.0 Exchangeable Surplus Notes 17 5.4 0 0.0 Diluted earnings per share(1) Income (loss) from continuing operations attributable to the Financial Services Businesses available to holders of Common Stock after direct equity adjustment $ 1,498 467.7 $ 3.20 $ (726 ) 463.1 $ (1.57 ) __________ (1) For the year ended December 31, 2013 , weighted average shares for basic earnings per share is also used for calculating diluted earnings per share because dilutive shares and dilutive earnings per share are not applicable when a loss from continuing operations is reported. As a result of the loss from continuing operations available to holders of Common Stock after direct equity adjustment for the year ended December 31, 2013 , all potential stock options and compensation programs were considered antidilutive. Unvested share-based payment awards that contain nonforfeitable rights to dividends are participating securities and included in the computation of earnings per share pursuant to the two-class method. Under this method, earnings attributable to Prudential Financial are allocated between Common Stock and the participating awards, as if the awards were a second class of stock. During periods of income from continuing operations available to holders of Common Stock, after direct equity adjustment as applicable, the calculation of earnings per share excludes the income attributable to participating securities in the numerator and the dilutive impact of these securities from the denominator. In the event of loss from continuing operations available to holders of Common Stock, after direct equity adjustment as applicable, undistributed earnings are not allocated to participating securities and the denominator excludes the dilutive impact of these securities as they do not share in the losses of the Company. For 2013 , undistributed earnings were not allocated to participating unvested share-based payment awards as these awards do not participate in losses. Undistributed earnings allocated to participating unvested share-based payment awards for the years ended December 31, 2015 and 2014 were based on 4.4 million and 4.3 million of such awards, respectively, weighted for the period they were outstanding. Stock options and shares related to deferred and long-term compensation programs that are considered antidilutive are excluded from the computation of dilutive earnings per share. Stock options are considered antidilutive based on application of the treasury stock method or in the event of loss from continuing operations available to holders of Common Stock, after direct equity adjustment as applicable. Shares related to deferred and long-term compensation programs are considered antidilutive in the event of loss from continuing operations available to holders of Common Stock, after direct equity adjustment as applicable. For the years ended December 31, the number of stock options and shares related to deferred and long-term compensation programs that were considered antidilutive and were excluded from the computation of diluted earnings per share, weighted for the portion of the period they were outstanding, are as follows: 2015 2014 2013 Shares Exercise Price Per Share Shares Exercise Price Per Share Shares Exercise Price Per Share (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 2.4 $ 87.97 1.9 $ 90.30 6.6 $ 73.51 Antidilutive stock options due to loss from continuing operations available to holders of Common Stock after direct equity adjustment 0.0 0.0 12.2 Antidilutive shares due to loss from continuing operations available to holders of Common Stock after direct equity adjustment 0.0 0.0 5.2 Total antidilutive stock options and shares 2.4 1.9 24.0 In September 2009, the Company issued $500 million of surplus notes with an interest rate of 5.36% per annum which are exchangeable at the option of the note holders for shares of Common Stock. The initial exchange rate for the surplus notes was 10.1235 shares of Common Stock per each $1,000 principal amount of surplus notes, which represents an initial exchange price per share of Common Stock of $98.78 ; however, the exchange rate is subject to customary anti-dilution adjustments. In calculating diluted earnings per share under the if-converted method, the potential shares that would be issued assuming a hypothetical exchange, weighted for the period the notes are outstanding, are added to the denominator, and interest expense, net of tax, is added to the numerator, if the overall effect is dilutive.

Share-Based Payments

Share-Based Payments	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Payments	SHARE-BASED PAYMENTS Omnibus Incentive Plan The Prudential Financial, Inc. Omnibus Incentive Plan (as subsequently amended and restated, the “Omnibus Plan”) provides stock-based awards including stock options, stock appreciation rights, restricted stock shares, restricted stock units, stock settled performance shares, and cash settled performance units. Dividend equivalents are generally provided on restricted stock shares and restricted stock units outstanding as of the record date. Dividend equivalents are generally accrued on target performance shares and units outstanding as of the record date. These dividend equivalents are paid only on the shares and units released up to a maximum of the target number of shares and units awarded. Generally, the requisite service period is the vesting period. As of December 31, 2015 , 7,947,141 authorized shares remain available for grant under the Omnibus Plan. Compensation Costs Compensation cost for employee stock options is based on the fair values estimated on the grant date, using the approach and assumptions described below. Compensation cost for restricted stock units, performance shares and performance units granted to employees is measured by the share price of the underlying Common Stock at the date of grant. The fair value of each stock option award is estimated using a binomial option pricing model on the date of grant for stock options issued to employees. The weighted average grant date assumptions used in the binomial option valuation model are as follows: 2015 2014 2013 Expected volatility 34.67 % 35.52 % 36.44 % Expected dividend yield 3.00 % 2.70 % 3.00 % Expected term 5.57 years 5.63 years 5.52 years Risk-free interest rate 1.61 % 1.74 % 1.01 % Expected volatilities are based on historical volatility of the Company’s Common Stock and implied volatilities from traded options on the Company’s Common Stock. The Company uses historical data and expectations of future exercise patterns to estimate option exercises and employee terminations within the valuation model. The expected term of options granted represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods associated with the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The following chart summarizes the compensation cost recognized and the related income tax benefit for stock options, restricted stock units, performance shares and performance units for the years ended December 31: 2015 2014 2013 Total Compensation Cost Recognized Income Tax Benefit Total Compensation Cost Recognized Income Tax Benefit Total Compensation Cost Recognized Income Tax Benefit (in millions) Employee stock options $ 21 $ 8 $ 25 $ 9 $ 43 $ 15 Employee restricted stock units 111 42 95 34 88 32 Employee performance shares and performance units 32 12 46 17 86 31 Total $ 164 $ 62 $ 166 $ 60 $ 217 $ 78 Compensation costs related to stock-based compensation plans capitalized in deferred acquisition costs for the years ended December 31, 2015 , 2014 and 2013 were de minimis. Stock Options Each stock option granted has an exercise price no less than the fair market value of the Company’s Common Stock on the date of grant and has a maximum term of 10 years . Generally, one third of the option grant vests in each of the first three years. A summary of the status of the Company’s stock option grants is as follows: Employee Stock Options Shares Weighted Average Exercise Price Outstanding at December 31, 2014 12,231,497 $ 64.88 Granted 934,939 78.10 Exercised (2,121,926 ) 62.95 Forfeited (22,074 ) 68.94 Expired (96,290 ) 87.33 Outstanding at December 31, 2015 10,926,146 $ 66.18 Vested and expected to vest at December 31, 2015 10,880,347 $ 66.13 Exercisable at December 31, 2015 8,547,934 $ 64.96 The weighted average grant date fair value of employee stock options granted during the years ended December 31, 2015 , 2014 and 2013 was $18.45 , $21.65 and $13.72 , respectively. The total intrinsic value (i.e., market price of the stock less the option exercise price) of employee stock options exercised during the years ended December 31, 2015 , 2014 and 2013 was $49 million , $97 million , and $146 million , respectively. The weighted average remaining contractual term and the aggregate intrinsic value of stock options outstanding, vested and expected to vest and exercisable as of December 31, 2015 is as follows: December 31, 2015 Employee Stock Options Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in years) (in millions) Outstanding 4.72 $ 183 Vested and expected to vest 4.70 $ 183 Exercisable 3.91 $ 156 Restricted Stock Units, Performance Share Awards and Performance Unit Awards A restricted stock unit is an unfunded, unsecured right to receive a share of the Company’s Common Stock at the end of a specified period of time, which is subject to forfeiture and transfer restrictions. Generally, the restrictions will lapse on the third anniversary of the date of grant. Performance shares and performance units are awards denominated in the Company’s Common Stock. The number of units is determined over the performance period, and may be adjusted based on the satisfaction of certain performance goals for the Company. Performance share awards are payable in the Company’s Common Stock. Performance unit awards are payable in cash. A summary of the Company’s restricted stock units and performance shares and performance unit awards is as follows: Restricted Stock Units Weighted Average Grant Date Fair Value Performance Share and Performance Unit Awards(1) Weighted Average Grant Date Fair Value Restricted at December 31, 2014(2) 4,202,891 $ 66.31 1,174,801 $ 90.46 Granted(2) 1,749,959 78.40 577,497 81.41 Forfeited (99,701 ) 74.70 (4,434 ) 81.01 Performance adjustment(3) 171,070 78.21 Released (1,498,863 ) 58.98 (528,437 ) 78.21 Restricted at December 31, 2015(2) 4,354,286 $ 73.50 1,390,497 $ 81.41 __________ (1) Performance share and performance unit awards reflect the target units awarded, reduced for forfeitures and releases to date. The actual number of units to be awarded at the end of each performance period will range between 0% and 150% of the target number of units granted for performance periods beginning prior to 2014 and between 0% and 125% thereafter, based upon a measure of the reported performance for the Company relative to stated goals. (2) For performance share and performance unit awards, the grant date is the same as the date the grant vests. The features of the grant are such that a mutual understanding of the key terms and conditions of the award between the employee and employer have not been reached until the grant is vested. Consequently, the weighted average grant date fair value as of December 31, 2015 and December 31, 2014 is the closing stock price of Prudential Financial’s common stock on those dates. (3) Represents the difference between the target units granted and the actual units awarded based upon the attainment of performance goals for the Company. The fair market value of restricted stock units, performance shares and performance units released for the years ended December 31, 2015 , 2014 and 2013 was $162 million , $145 million and $106 million , respectively. The weighted average grant date fair value for restricted stock units granted during the years ended December 31, 2015 , 2014 and 2013 was $78.40 , $84.56 and $57.94 , respectively. The weighted average grant date fair value for performance shares and performance units granted during the years ended December 31, 2015 , 2014 and 2013 was $81.41 , $90.46 and $92.22 , respectively. The number of restricted stock units, performance shares and performance units expected to vest at December 31, 2015 is 5,655,584 . Unrecognized Compensation Cost Unrecognized compensation cost for stock options as of December 31, 2015 was $5 million with a weighted average recognition period of 1.47 years . Unrecognized compensation cost for restricted stock units, performance shares and performance units as of December 31, 2015 was $110 million with a weighted average recognition period of 1.71 years . Tax Benefits Realized The tax benefit realized for exercises of stock options during the years ended December 31, 2015 , 2014 and 2013 was $20 million , $35 million and $51 million , respectively. The tax benefit realized upon vesting of restricted stock units, performance shares and performance units for the years ended December 31, 2015 , 2014 and 2013 was $58 million , $51 million and $38 million , respectively. Settlement of Awards The Company’s policy is to issue shares from Common Stock held in treasury upon exercise of stock options, the release of restricted stock units and performance shares. The Company uses cash to settle performance units. The amount of cash used to settle performance units during the years ended December, 31, 2015 , 2014 and 2013 was $21 million , $15 million and $10 million , respectively.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS Pension and Other Postretirement Plans The Company has funded and non-funded non-contributory defined benefit pension plans, which cover substantially all of its employees. For some employees, benefits are based on final average earnings and length of service, while benefits for other employees are based on an account balance that takes into consideration age, service and earnings during their career. The Company provides certain health care and life insurance benefits for its retired employees, their beneficiaries and covered dependents (“other postretirement benefits”). The health care plan is contributory; the life insurance plan is non-contributory. Substantially all of the Company’s U.S. employees may become eligible to receive other postretirement benefits if they retire after age 55 with at least 10 years of service or under certain circumstances after age 50 with at least 20 years of continuous service. The Company updated its mortality assumption as of December 31, 2014 with respect to its measure of its domestic pension and postretirement obligations as a result of a review of plan experience following the Society of Actuaries (“SOA”) final issuance in October 2014 of a study of rates of mortality and expected future improvement in mortality rates for U.S. participants. The foreign plans use the most current published mortality tables related to the foreign location. The Company’s evaluation resulted in an increase in its domestic obligations for pensions and postretirement of $458 million or 4.9% and $124 million or 6.3% , respectively. The offset to these benefit obligation increases was recorded in AOCI as of December 31, 2014. The mortality assumption update resulted in an increase in benefit cost in 2015 of $76 million and $15 million for the pension and postretirement plans, respectively. The 2015 cost increases included additional amortization of actuarial losses for pension and postretirement of $51 million and $9 million , respectively. As a result of this mortality assumption change, future benefit payments are expected to increase and, based upon the specific funding method for a given benefit plan, will be sourced primarily from existing plan assets or via employer contributions. The increases in the undiscounted expected cash outflows underlying the domestic benefit obligations are distributed whereby 8% occurs in the next ten years from December 31, 2014, 23% in the next ten year band and 69% in the remaining future years. Prepaid benefits costs and accrued benefit liabilities are included in “Other assets” and “Other liabilities,” respectively, in the Company’s Consolidated Statements of Financial Position. The status of these plans as of December 31, 2015 and 2014 is summarized below: Pension Benefits Other Postretirement Benefits 2015 2014 2015 2014 (in millions) Change in benefit obligation Benefit obligation at the beginning of period $ (12,545 ) $ (10,886 ) $ (2,233 ) $ (2,102 ) Service cost (244 ) (234 ) (20 ) (17 ) Interest cost (469 ) (481 ) (86 ) (96 ) Plan participants’ contributions 0 0 (29 ) (29 ) Medicare Part D subsidy receipts 0 0 (12 ) (8 ) Amendments 0 1 (2 ) 0 Actuarial gains (losses), net 335 (1,804 ) 43 (169 ) Settlements 22 42 0 0 Special termination benefits (4 ) (4 ) 0 0 Benefits paid 632 620 176 184 Foreign currency changes and other 52 201 4 4 Benefit obligation at end of period $ (12,221 ) $ (12,545 ) $ (2,159 ) $ (2,233 ) Change in plan assets Fair value of plan assets at beginning of period $ 13,028 $ 12,069 $ 1,717 $ 1,745 Actual return on plan assets 35 1,515 9 120 Employer contributions 162 165 5 7 Plan participants’ contributions 0 0 29 29 Disbursement for settlements (22 ) (42 ) 0 0 Benefits paid (632 ) (620 ) (176 ) (184 ) Foreign currency changes and other (30 ) (59 ) 0 0 Fair value of plan assets at end of period $ 12,541 $ 13,028 $ 1,584 $ 1,717 Funded status at end of period $ 320 $ 483 $ (575 ) $ (516 ) Amounts recognized in the Statements of Financial Position Prepaid benefit cost $ 2,687 $ 2,828 $ 0 $ 0 Accrued benefit liability (2,367 ) (2,345 ) (575 ) (516 ) Net amount recognized $ 320 $ 483 $ (575 ) $ (516 ) Items recorded in “Accumulated other comprehensive income (loss)” not yet recognized as a component of net periodic (benefit) cost: Transition obligation $ 0 $ 0 $ 0 $ 0 Prior service cost (33 ) (42 ) (1 ) (8 ) Net actuarial loss 3,173 2,946 621 600 Net amount not recognized $ 3,140 $ 2,904 $ 620 $ 592 Accumulated benefit obligation $ (11,607 ) $ (11,964 ) $ (2,159 ) $ (2,233 ) In addition to the plan assets above, the Company in 2007 established an irrevocable trust, commonly referred to as a “rabbi trust,” for the purpose of holding assets of the Company to be used to satisfy its obligations with respect to certain non-qualified retirement plans ( $1,175 million and $1,168 million benefit obligation at December 31, 2015 and 2014 , respectively). Assets held in the rabbi trust are available to the general creditors of the Company in the event of insolvency or bankruptcy. The Company may from time to time in its discretion make contributions to the trust to fund accrued benefits payable to participants in one or more of the plans, and, in the case of a change in control of the Company, as defined in the trust agreement, the Company will be required to make contributions to the trust to fund the accrued benefits, vested and unvested, payable on a pretax basis to participants in the plans. The Company made a discretionary payment of $95 million to the trust in 2015 and 2014 . As of December 31, 2015 and 2014 , the assets in the trust had a carrying value of $722 million and $656 million , respectively. The Company also maintains a separate rabbi trust for the purpose of holding assets of the Company to be used to satisfy its obligations with respect to certain other non-qualified retirement plans ( $78 million and $83 million benefit obligation at December 31, 2015 and 2014 , respectively), as well as certain cash-based deferred compensation arrangements. As of December 31, 2015 and 2014 , the assets in the trust had a carrying value of $118 million and $123 million , respectively. Pension benefits for foreign plans comprised 13% of the ending benefit obligation for both 2015 and 2014 . Foreign pension plans comprised 5% of the ending fair value of plan assets for both 2015 and 2014 . There are no material foreign postretirement plans. Information for pension plans with a projected benefit obligation in excess of plan assets 2015 2014 (in millions) Projected benefit obligation $ 2,403 $ 2,379 Fair value of plan assets $ 36 $ 34 Information for pension plans with an accumulated benefit obligation in excess of plan assets 2015 2014 (in millions) Accumulated benefit obligation $ 2,154 $ 2,164 Fair value of plan assets $ 5 $ 33 There were no purchases of annuity contracts in 2015 and 2014 from Prudential Insurance. The approximate future annual benefit payment payable by Prudential Insurance for all annuity contracts was $20 million and $21 million as of December 31, 2015 and 2014 , respectively. Components of Net Periodic Benefit Cost The Company uses market related value to determine components of net periodic (benefit) cost. Market related value recognizes certain changes in fair value of plan assets over a period of five years. Changes in the fair value of U.S Equities, International Equities, Real Estate and Other Assets are recognized over a five year period. However, the fair value for Fixed Maturity assets (including short-term investments) are recognized immediately for the purposes of market related value. Net periodic (benefit) cost included in “General and administrative expenses” in the Company’s Consolidated Statements of Operations for the years ended December 31, includes the following components: Pension Benefits Other Postretirement Benefits 2015 2014 2013 2015 2014 2013 (in millions) Service cost $ 244 $ 234 $ 252 $ 20 $ 17 $ 17 Interest cost 469 481 437 86 96 89 Expected return on plan assets (775 ) (712 ) (769 ) (115 ) (116 ) (87 ) Amortization of transition obligation 0 0 0 0 0 0 Amortization of prior service cost (8 ) (10 ) (10 ) (5 ) (10 ) (12 ) Amortization of actuarial (gain) loss, net 168 86 91 38 25 56 Settlements 5 10 0 0 0 0 Special termination benefits(1) 4 4 2 0 0 0 Net periodic (benefit) cost $ 107 $ 93 $ 3 $ 24 $ 12 $ 63 __________ (1) Certain employees were provided special termination benefits under non-qualified plans in the form of unreduced early retirement benefits as a result of their involuntary termination. Changes in Accumulated Other Comprehensive Income The benefit obligation is based upon actuarial assumptions such as discount, termination, retirement, mortality and salary growth rates. Changes at year-end in these actuarial assumptions, along with experience changes based on updated participant census data are deferred in AOCI. Plan assets generate actuarial gains and losses when actual returns on plan assets differ from expected returns on plan assets, and these differences are also deferred in AOCI. The cumulative deferred gain (loss) within AOCI is amortized into earnings if it exceeds 10% of the greater of the benefit obligation or plan assets at the beginning of the year, and the amortization period is based upon the actuarially calculated expected future years of service for a given plan. The amounts recorded in AOCI as of the end of the period, which have not yet been recognized as a component of net periodic (benefit) cost, and the related changes in these items during the period that are recognized in “Other comprehensive income (loss)” are as follows: Pension Benefits Other Postretirement Benefits Transition Obligation Prior Service Cost Net Actuarial (Gain) Loss Transition Obligation Prior Service Cost Net Actuarial (Gain) Loss (in millions) Balance, December 31, 2012 $ 0 $ (81 ) $ 2,548 $ 0 $ (30 ) $ 893 Amortization for the period 0 10 (91 ) 0 12 (56 ) Deferrals for the period 0 2 (341 ) 0 0 (377 ) Impact of foreign currency changes and other 0 13 (51 ) 0 (1 ) 3 Balance, December 31, 2013 0 (56 ) 2,065 0 (19 ) 463 Amortization for the period 0 10 (86 ) 0 10 (25 ) Deferrals for the period 0 (1 ) 1,001 0 0 165 Impact of foreign currency changes and other 0 5 (34 ) 0 1 (3 ) Balance, December 31, 2014 0 (42 ) 2,946 0 (8 ) 600 Amortization for the period 0 8 (168 ) 0 5 (38 ) Deferrals for the period 0 0 405 0 2 63 Impact of foreign currency changes and other 0 1 (10 ) 0 0 (4 ) Balance, December 31, 2015 $ 0 $ (33 ) $ 3,173 $ 0 $ (1 ) $ 621 The amounts included in AOCI expected to be recognized as components of net periodic (benefit) cost in 2016 are as follows: Pension Benefits Other Postretirement Benefits (in millions) Amortization of prior service cost $ (6 ) $ (2 ) Amortization of actuarial (gain) loss, net 180 41 Total $ 174 $ 39 The Company’s assumptions related to the calculation of the domestic benefit obligation (end of period) and the determination of net periodic (benefit) cost (beginning of period) are presented in the table below: Pension Benefits Other Postretirement Benefits 2015 2014 2013 2015 2014 2013 Weighted average assumptions Discount rate (beginning of period) 4.10 % 4.95 % 4.05 % 3.95 % 4.75 % 3.85 % Discount rate (end of period) 4.50 % 4.10 % 4.95 % 4.35 % 3.95 % 4.75 % Rate of increase in compensation levels (beginning of period) 4.50 % 4.50 % 4.50 % N/A N/A N/A Rate of increase in compensation levels (end of period) 4.50 % 4.50 % 4.50 % N/A N/A N/A Expected return on plan assets (beginning of period) 6.25 % 6.25 % 6.25 % 7.00 % 7.00 % 7.00 % Health care cost trend rates (beginning of period) N/A N/A N/A 5.00-6.66% 5.00-7.08% 5.00-7.50% Health care cost trend rates (end of period) N/A N/A N/A 5.00-7.00% 5.00-6.66% 5.00-7.08% For 2015, 2014 and 2013, the ultimate health care cost trend rate after gradual decrease until: 2019, 2019, 2019, (beginning of period) N/A N/A N/A 5.00 % 5.00 % 5.00 % For 2015, 2014 and 2013, the ultimate health care cost trend rate after gradual decrease until: 2021, 2019, 2019 (end of period) N/A N/A N/A 5.00 % 5.00 % 5.00 % The domestic discount rate used to value the pension and postretirement obligations at December 31, 2015 and December 31, 2014 is based upon the value of a portfolio of Aa investments whose cash flows would be available to pay the benefit obligation’s cash flows when due. The December 31, 2015 portfolio is selected from a compilation of approximately 720 Aa-rated bonds across the full range of maturities. Since yields can vary widely at each maturity point, the Company generally avoids using the highest and lowest yielding bonds at the maturity points, so as to avoid relying on bonds that might be mispriced or misrated. This refinement process generally results in having a distribution from the 10th to 90th percentile. The Aa portfolio is then selected and, accordingly, its value is a measure of the benefit obligation. A single equivalent discount rate is calculated to equate the value of the Aa portfolio to the cash flows for the benefit obligation. The result is rounded to the nearest 5 basis points and the benefit obligation is recalculated using the rounded discount rate. The pension and postretirement expected long-term rates of return on plan assets for 2015 were determined based upon an approach that considered the allocation of plan assets as of December 31, 2014. Expected returns are estimated by asset class as noted in the discussion of investment policies and strategies below. Expected returns on asset classes are developed using a building-block approach that is forward looking and are not strictly based upon historical returns. The building blocks for equity returns include inflation, real return, a term premium, an equity risk premium, capital appreciation, effect of active management, expenses and the effect of rebalancing. The building blocks for fixed maturity returns include inflation, real return, a term premium, credit spread, capital appreciation, effect of active management, expenses and the effect of rebalancing. The Company applied the same approach to the determination of the expected rate of return on plan assets in 2016 . The expected rate of return for 2016 is 6.25% and 7.00% for pension and postretirement, respectively. The assumptions for foreign pension plans are based on local markets. There are no material foreign postretirement plans. Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plan. A one-percentage point increase and decrease in assumed health care cost trend rates would have the following effects: Other Postretirement Benefits (in millions) One percentage point increase Increase in total service and interest costs $ 7 Increase in postretirement benefit obligation 153 One percentage point decrease Decrease in total service and interest costs $ 5 Decrease in postretirement benefit obligation 120 Plan Assets The investment goal of the domestic pension plan assets is to generate an above benchmark return on a diversified portfolio of stocks, bonds and other investments. The cash requirements of the pension obligation, which include a traditional formula principally representing payments to annuitants and a cash balance formula that allows lump sum payments and annuity payments, are designed to be met by the bonds and short-term investments in the portfolio. The pension plan risk management practices include guidelines for asset concentration, credit rating and liquidity. The pension plan does not invest in leveraged derivatives. Derivatives such as futures contracts are used to reduce transaction costs and change asset concentration, while interest rate swaps and futures are used to adjust duration. The investment goal of the domestic postretirement plan assets is to generate an above benchmark return on a diversified portfolio of stocks, bonds, and other investments, while meeting the cash requirements for the postretirement obligation that includes a medical benefit including prescription drugs, a dental benefit and a life benefit. The postretirement plan risk management practices include guidelines for asset concentration, credit rating, liquidity and tax efficiency. The postretirement plan does not invest in leveraged derivatives. Derivatives such as futures contracts are used to reduce transaction costs and change asset concentration, while interest rate swaps and futures are used to adjust duration. The plan fiduciaries for the Company’s pension and postretirement plans have developed guidelines for asset allocations reflecting a percentage of total assets by asset class, which are reviewed on an annual basis. Asset allocation targets as of December 31, 2015 are as follows: Pension Postretirement Minimum Maximum Minimum Maximum Asset Category U.S. Equities 2 % 15 % 25 % 58 % International Equities 2 % 16 % 2 % 22 % Fixed Maturities 50 % 69 % 3 % 52 % Short-term Investments 0 % 15 % 0 % 44 % Real Estate 2 % 15 % 0 % 0 % Other 0 % 16 % 0 % 0 % To implement the investment strategy, plan assets are invested in funds that primarily invest in securities that correspond to one of the asset categories under the investment guidelines. However, at any point in time, some of the assets in a fund may be of a different nature than the specified asset category. Assets held with Prudential Insurance are in either pooled separate accounts or single client separate accounts. Pooled separate accounts hold assets for multiple investors. Each investor owns a “unit of account.” Single client separate accounts hold assets for only one investor, the domestic qualified pension plan, and each security in the fund is treated as individually owned. Assets held with a bank are either in common/collective trusts or single client trusts. Common or collective trusts hold assets for more than one investor. Each investor owns a “unit of account.” Single client trusts hold assets for only one investor, the domestic qualified pension plan, and each security in the fund is treated as individually owned. There were no investments in Prudential Financial Common Stock as of December 31, 2015 and December 31, 2014 for either the pension or postretirement plans. The authoritative guidance around fair value established a framework for measuring fair value. Fair value is disclosed using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value, as described in Note 20. The following describes the valuation methodologies used for pension and postretirement plans assets measured at fair value. Insurance Company Pooled Separate Accounts, Common or Collective Trusts, and United Kingdom Insurance Pooled Funds —Insurance company pooled separate accounts are invested via group annuity contracts issued by Prudential Insurance. Assets are represented by a “unit of account.” The redemption value of those units is based on a per unit value whose value is the result of the accumulated values of underlying investments. The underlying investments are valued in accordance with the corresponding valuation method for the investments held. Equities —See Note 20 for a discussion of the valuation methodologies for equity securities. U.S. Government Securities (both Federal and State & Other), Non–U.S. Government Securities , and Corporate Debt —See Note 20 for a discussion of the valuation methodologies for fixed maturity securities. Interest Rate Swaps —See Note 20 for a discussion of the valuation methodologies for derivative instruments. Guaranteed Investment Contracts —The value is based on contract cash flows and available market rates for similar investments. Registered Investment Companies (Mutual Funds) —Securities are priced at the net asset value (“NAV”) of shares. Unrealized Gain (Loss) on Investment of Securities Lending Collateral —This value is the contractual position relative to the investment of securities lending collateral. Real Estate —The values are determined through an independent appraisal process. The estimate of fair value is based on three approaches; (1) current cost of reproducing the property less deterioration and functional/economic obsolescence; (2) discounting a series of income streams and reversion at a specific yield or by directly capitalizing a single year income estimate by an appropriate factor; and (3) value indicated by recent sales of comparable properties in the market. Each approach requires the exercise of subjective judgment. Short-term Investments —Securities are valued initially at cost and thereafter adjusted for amortization of any discount or premium (i.e., amortized cost). Amortized cost approximates fair value. Partnerships —The value of interests owned in partnerships is based on valuations of the underlying investments that include private placements, structured debt, real estate, equities, fixed maturities, commodities and other investments. Hedge Funds —The value of interests in hedge funds is based on the underlying investments that include equities, debt and other investments. Variable Life Insurance Policies —These assets are held in group and individual variable life insurance policies issued by Prudential Insurance. Group policies are invested in Insurance Company Pooled Separate Accounts. Individual policies are invested in Registered Investment Companies (Mutual Funds). The value of interest in these policies is the cash surrender value of the policies based on the underlying investments. Pension plan asset allocations in accordance with the investment guidelines are as follows: As of December 31, 2015 Level 1 Level 2 Level 3 Total (in millions) U.S. Equities: Pooled separate accounts(1) $ 0 $ 636 $ 0 $ 636 Common/collective trusts(1) 0 85 0 85 Subtotal 721 International Equities: Pooled separate accounts(2) 0 321 0 321 Common/collective trusts(3) 0 229 0 229 United Kingdom insurance pooled funds(4) 0 50 0 50 Subtotal 600 Fixed Maturities: Pooled separate accounts(5) 0 1,183 35 1,218 Common/collective trusts(6) 0 347 0 347 U.S. government securities (federal): Mortgage-backed 0 1 0 1 Other U.S. government securities 0 661 0 661 U.S. government securities (state & other) 0 582 0 582 Non-U.S. government securities 0 14 0 14 United Kingdom insurance pooled funds(7) 0 293 0 293 Corporate Debt: Corporate bonds(8) 0 4,417 0 4,417 Asset-backed 0 8 0 8 Collateralized Mortgage Obligations(9) 0 109 0 109 Interest rate swaps (Notional amount: $2,073) 0 (5 ) 0 (5 ) Guaranteed investment contract 0 31 0 31 Other(10) 685 2 93 780 Unrealized gain (loss) on investment of securities lending collateral(11) 0 0 0 0 Subtotal 8,456 Short-term Investments: Pooled separate accounts 0 39 0 39 United Kingdom insurance pooled funds 0 0 0 0 Subtotal 39 Real Estate: Pooled separate accounts(12) 0 0 607 607 Partnerships 0 0 347 347 Subtotal 954 Other: Partnerships 0 0 481 481 Hedge funds 0 0 1,290 1,290 Subtotal 1,771 Total $ 685 $ 9,003 $ 2,853 $ 12,541 As of December 31, 2014 Level 1 Level 2 Level 3 Total (in millions) U.S. Equities: Pooled separate accounts(1) $ 0 $ 881 $ 0 $ 881 Common/collective trusts(1) 0 87 0 87 Subtotal 968 International Equities: Pooled separate accounts(2) 0 323 0 323 Common/collective trusts(3) 0 202 0 202 United Kingdom insurance pooled funds(4) 0 45 0 45 Subtotal 570 Fixed Maturities: Pooled separate accounts(5) 0 1,162 35 1,197 Common/collective trusts(6) 0 490 0 490 U.S. government securities (federal): Mortgage-backed 0 1 0 1 Other U.S. government securities 0 852 0 852 U.S. government securities (state & other) 0 694 0 694 Non-U.S. government securities 0 16 0 16 United Kingdom insurance pooled funds(7) 0 320 0 320 Corporate Debt: Corporate bonds(8) 0 4,550 14 4,564 Asset-backed 0 25 0 25 Collateralized Mortgage Obligations(9) 0 112 0 112 Interest rate swaps (Notional amount: $1,536) 0 (1 ) 0 (1 ) Guaranteed investment contract 0 28 0 28 Other(10) 712 4 73 789 Unrealized gain (loss) on investment of securities lending collateral(13) 0 (37 ) 0 (37 ) Subtotal 9,050 Short-term Investments: Pooled separate accounts 0 39 0 39 United Kingdom insurance pooled funds 0 1 0 1 Subtotal 40 Real Estate: Pooled separate accounts(12) 0 0 465 465 Partnerships 0 0 336 336 Subtotal 801 Other: Partnerships 0 0 455 455 Hedge funds 0 0 1,144 1,144 Subtotal 1,599 Total $ 712 $ 9,794 $ 2,522 $ 13,028 __________ (1) These categories invest in U.S. equity funds whose objective is to track or outperform various indexes. (2) This category invests in a large cap international equity funds whose objective is to track an index. (3) This category invests in international equity funds, primarily large cap, whose objective is to outperform various indexes. This category also includes a global equity fund, primarily focused on new market leaders with sustainable competitive advantage. (4) This category invests in an international equity fund whose objective is to track an index. (5) This category invests in bond funds, primarily highly rated private placement securities. (6) This category invests in bond funds, primarily highly rated public securities whose objective is to outperform an index. (7) This category invests in bond funds, primarily highly rated corporate securities. (8) This category invests in highly rated corporate securities. (9) This category invests in highly rated Collateralized Mortgage Obligations. (10) Primarily cash and cash equivalents, short-term investments, payables and receivables, and open future contract positions (including fixed income collateral). (11) The contractual net value of the investment of securities lending collateral invested in primarily short-term bond funds is $163 million and the liability for securities lending collateral is $163 million . (12) This category invests in commercial real estate and real estate securities funds, whose objective is to outperform an index. (13) The contractual net value of the investment of securities lending collateral invested in primarily short-term bond funds is $717 million and the liability for securities lending collateral is $754 million . Changes in Fair Value of Level 3 Pension Assets Year Ended December 31, 2015 Fixed Maturities– Pooled Separate Accounts Fixed Maturities– Corporate Debt– Corporate Bonds Fixed Maturities– Other Real Estate– Pooled Separate Accounts (in millions) Fair Value, beginning of period $ 35 $ 14 $ 73 $ 465 Actual Return on Assets: Relating to assets still held at the reporting date 0 0 0 81 Relating to assets sold during the period 0 0 0 2 Purchases, sales and settlements 0 0 20 59 Transfers in and/or out of Level 3(1) 0 (14 ) 0 0 Fair Value, end of period $ 35 $ 0 $ 93 $ 607 Year Ended December 31, 2015 Real Estate– Partnerships Other– Partnerships Other–Hedge Fund (in millions) Fair Value, beginning of period $ 336 $ 455 $ 1,144 Actual Return on Assets: Relating to assets still held at the reporting date 32 34 (8 ) Relating to assets sold during the period 0 0 0 Purchases, sales and settlements (21 ) (8 ) 154 Transfers in and/or out of Level 3 0 0 0 Fair Value, end of period $ 347 $ 481 $ 1,290 __________ (1) The transfers from level 3 to level 2 are due to the availability of external pricing sources. Year Ended December 31, 2014 Fixed Maturities– Pooled Separate Accounts Fixed Maturities– Corporate Debt– Corporate Bonds Fixed Maturities– Other Real Estate– Pooled Separate Accounts (in millions) Fair Value, beginning of period $ 32 $ 16 $ 66 $ 356 Actual Return on Assets: Relating to assets still held at the reporting date 3 0 0 49 Relating to assets sold during the period 0 0 0 5 Purchases, sales and settlements 0 (2 ) 7 55 Transfers in and/or out of Level 3 0 0 0 0 Fair Value, end of period $ 35 $ 14 $ 73 $ 465 Year Ended December 31, 2014 Real Estate– Partnerships Other– Partnerships Other–Hedge Fund (in millions) Fair Value, beginning of period $ 320 $ 374 $ 1,095 Actual Return on Assets: Relating to assets still held at the reporting date 6 53 49 Relating to assets sold during the period 0 0 0 Purchases, sales and settlements 10 28 0 Transfers in and/or out of Level 3 0 0 0 Fair Value, end of period $ 336 $ 455 $ 1,144 Postretirement plan asset allocations in accordance with the investment guidelines are as follows: As of December 31, 2015 Level 1 Level 2 Level 3 Total (in millions) U.S. Equities: Variable Life Insurance Policies(1) $ 0 $ 592 $ 0 $ 592 Common trusts(2) 0 169 0 169 Equities 0 0 0 0 Subtotal 761 International Equities: Variable Life Insurance Policies(3) 0 89 0 89 Common trusts(4) 0 97 0 97 Subtotal 186 Fixed Maturities: Variable Life Insurance Policies(5) 0 59 0 59 Common trusts(5) 0 67 0 67 U.S. government securities (federal): Mortgage-Backed 0 4 0 4 Other U.S. government securities 0 80 0 80 U.S. government securities (state & other) 0 0 0 0 Non-U.S. government securities 0 5 0 5 Corporate Debt: Corporate bonds(6) 0 204 0 204 Asset-Backed 0 53 0 53 Collateralized Mortgage Obligations(7) 0 30 0 30 Interest rate swaps (Notional amount: $380) 0 0 0 0 Other(8) 6 0 3 9 Unrealized gain (loss) on investment of securities lending collateral(9) 0 0 0 0 Subtotal 511 Short-term Investments: Variable Life Insurance Policies 0 0 0 0 Registered investment companies 126 0 0 126 Subtotal 126 Total $ 132 $ 1,449 $ 3 $ 1,584 As of December 31, 2014 Level 1 Level 2 Level 3 Total (in millions) U.S. Equities: Variable Life Insurance Policies(1) $ 0 $ 698 $ 0 $ 698 Common trusts(2) 0 155 0 155 Equities 124 0 0 124 Subtotal 977 International Equities: Variable Life Insurance Policies(3) 0 61 0 61 Common trusts(4) 0 22 0 22 Subtotal 83 Fixed Maturities: Common trusts(5) 0 31 0 31 U.S. government securities (federal): Mortgage-Backed 0 5 0 5 Other U.S. government securities 0 116 0 116 U.S. government securities (state & other) 0 3 0 3 Non-U.S. government securities 0 7 0 7 Corporate Debt: Corporate bonds(6) 0 254 1 255 Asset-Backed 0 76 1 77 Collateralized Mortgage Obligations(7) 0 39 0 39 Interest rate swaps (Notional amount: $1,024) 0 (8 ) 0 (8 ) Other(8) 57 0 (5 ) 52 Unrealized gain (loss) on investment of securities lending collateral(10) 0 0 0 0 Subtotal 577 Short-term Investments: Variable Life Insurance Policies 0 0 0 0 Registered investment companies 80 0 0 80 Subtotal 80 Total $ 261 $ 1,459 $ (3 ) $ 1,717 __________ (1) This category invests in U.S. equity funds, primarily large cap equities whose objective is to track an index via pooled separate accounts and registered investment companies. (2) This category invests in U.S. equity funds, primarily large cap equities. (3) This category invests in international equity funds, primarily large cap international equities whose objective is to track an index. (4) This category fund invests in large cap international equity fund whose objective is to outperform an index. (5) This category invests in U.S. government and corporate bond funds. (6) This category invests in highly rated corporate bonds. (7) This category invests in highly rated Collateralized Mortgage Obligations. (8) Cash and cash equivalents, short-term investments, payables and receivables and open future contract positions (including fixed income collateral). (9) In 2015 , the contractual net value of the investment of securities lending collateral invested in primarily short-term bond funds is $2 million and the liability for securities lending collateral is $2 million . (10) In 2014 , the contractual net value of the investment of securities lending collateral invested in primarily short-term bond funds is $10 million and the liability for securities lending collateral is $10 million . Changes in Fair Value of Level 3 Postretirement Assets Year Ended December 31, 2015 Fixed Maturities– Corporate Debt– Corporate Bonds Fixed Maturities– Corporate Debt– Asset- Backed Fixed Maturities– Other (in millions) Fair Value, beginning of period $ 1 $ 1 $ (5 ) Actual Return on Assets: Relating to assets still held at the reporting date 0 0 0 Relating to assets sold during the period 0 0 0 Purchases, sales and settlements 0 0 8 Transfers in and/or out of Level 3(1) (1 ) (1 ) 0 Fair Value, end of period $ 0 $ 0 $ 3 __________ (1) The transfers from level 3 to level 2 are due to the availability of external pricing sources. Year Ended December 31, 2014 Fixed Maturities– Corporate Debt– Corporate Bonds Fixed Maturities– Corporate Debt– Asset- Backed Fixed Maturities– Other (in millions) Fair Value, beginning of period $ 1 $ 5 $ (6 ) Actual Return on Assets: Relating to assets still held at the reporting date 0 0 0 Relating to assets sold during the period 0 0 0 Purchases, sales and settlements 0 1 1 Transfers in and/or out of Level 3(1) 0 (5 ) 0 Fair Value, end of period $ 1 $ 1 $

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The components of income tax expense (benefit) for the years ended December 31 were as follows: 2015 2014 2013 (in millions) Current tax expense (benefit) U.S. $ 738 $ (80 ) $ (292 ) State and local 3 (7 ) 16 Foreign 622 463 310 Total 1,363 376 34 Deferred tax expense (benefit) U.S. 585 880 44 State and local 4 12 0 Foreign 120 (919 ) (1,136 ) Total 709 (27 ) (1,092 ) Total income tax expense (benefit) on continuing operations before equity in earnings of operating joint ventures 2,072 349 (1,058 ) Income tax expense on equity in earnings of operating joint ventures (1 ) (2 ) 19 Income tax expense on discontinued operations 0 6 3 Income tax expense (benefit) reported in equity related to: Other comprehensive income (2,213 ) 4,249 (582 ) Stock-based compensation programs (22 ) (29 ) (32 ) Total income taxes $ (164 ) $ 4,573 $ (1,650 ) In July 2014, the IRS issued guidance relating to the hedging of variable annuity guaranteed minimum benefits (“Hedging IDD”). The Hedging IDD provides an elective safe harbor tax accounting method for certain contracts which permits the current deduction of losses and the deferral of gains for hedging activities that can be applied to open years under IRS examination beginning with the earliest open year. The Company will apply this tax accounting method for hedging gains and losses covered by the Hedging IDD beginning with 2009. As a result of applying such accounting method in 2014 , the Company’s U.S. current tax benefit includes an additional tax benefit of $475 million and a corresponding reduction of deferred tax assets. The Company’s actual income tax expense on continuing operations before equity in earnings of operating joint ventures for the years ended December 31 differs from the expected amount computed by applying the statutory federal income tax rate of 35% to income from continuing operations before income taxes and equity in earnings of operating joint ventures for the following reasons: 2015 2014 2013 (in millions) Expected federal income tax expense (benefit) $ 2,719 $ 616 $ (589 ) Non-taxable investment income (341 ) (381 ) (319 ) Foreign taxes at other than U.S. rate (51 ) 146 (38 ) Low-income housing and other tax credits (116 ) (127 ) (105 ) Reversal of acquisition opening balance sheet deferred tax items 0 53 55 Change in repatriation assertion (3 ) 32 0 Minority interest (24 ) (19 ) (37 ) Medicare Part D (10 ) 3 (43 ) Change in tax law: active financing exception (108 ) 0 (2 ) Other 6 26 20 Total income tax expense (benefit) on continuing operations before equity in earnings of operating joint ventures $ 2,072 $ 349 $ (1,058 ) The dividends received deduction (“DRD”) reduces the amount of dividend income subject to U.S. tax and accounts for most of the non-taxable investment income shown in the table above, and as a result, is a major reason for the difference between the Company’s effective tax rate and the federal statutory tax rate of 35% . The DRD for the current period was estimated using information from 2014 and current year results, and was adjusted to take into account current year’s equity market performance. The actual current year DRD can vary based on factors such as, but not limited to, changes in the amount of dividends received that are eligible for the DRD, changes in the amount of distributions received from fund investments, changes in the account balances of variable life and annuity contracts, and the Company’s taxable income before the DRD. In August 2007, the IRS released Revenue Ruling 2007-54, which included, among other items, guidance on the methodology to be followed in calculating the DRD related to variable life insurance and annuity contracts. In September 2007, the IRS released Revenue Ruling 2007-61. Revenue Ruling 2007-61 suspended Revenue Ruling 2007-54 and informed taxpayers that the U.S. Treasury Department and the IRS intend to address through new guidance the issues considered in Revenue Ruling 2007-54, including the methodology to be followed in determining the DRD related to variable life insurance and annuity contracts. In May 2010, the IRS issued an Industry Director Directive (“IDD”) confirming that the methodology for calculating the DRD set forth in Revenue Ruling 2007-54 should not be followed. The IDD also confirmed that the IRS guidance issued before Revenue Ruling 2007-54, which guidance the Company relied upon in calculating its DRD, should be used to determine the DRD. In February 2014, the IRS released Revenue Ruling 2014-7, which modified and superseded Revenue Ruling 2007-54, by removing the provisions of Revenue Ruling 2007-54 related to the methodology to be followed in calculating the DRD and making Revenue Ruling 2007-61 obsolete. These activities had no impact on the Company’s 2013 , 2014 or 2015 results. However, there remains the possibility that the IRS and the U.S. Treasury will address, through subsequent guidance, the issues related to the calculation of the DRD. For the last several years, the revenue proposals included in the Obama Administration’s budgets included a proposal that would change the method used to determine the amount of the DRD. A change in the DRD, including the possible retroactive or prospective elimination of this deduction through guidance or legislation, could increase actual tax expense and reduce the Company’s consolidated net income. In December 2015, Congress enacted legislation renewing the Active Financing Exception (“AFE”), retroactive for tax years beginning on or after January 1, 2015 and made the provision a permanent part of the U.S. tax code. Under the AFE, subject to certain tests, foreign business income derived in the active conduct of an insurance business is not subject to U.S. tax until distributed to the U.S. As a result of the change in tax law, the Company recognized a $108 million tax benefit in “Income from continuing operations before equity in earnings of operating joint ventures”. This amount relates to the reversal of $108 million of tax expense associated with Prudential of Korea’s and Prudential of Taiwan’s unrealized investment gains originally included in AOCI. This provision will lower the Company’s future U.S. tax liability on undistributed foreign earnings and increase after-tax results. The Medicare Part D subsidy provided by the government is not subject to tax. However, the amount a company can otherwise deduct for retiree health care expenses must be reduced by the amount of the Medicare Part D subsidy received and not taxed in that year, effectively making the subsidy taxable. During 2013 , the Company transferred $340 million of assets within the qualified pension plan under Section 420 of the Internal Revenue Code from assets supporting pension benefits to assets supporting retiree medical and life benefits. As a result, the Company reduced the projected amount of retiree health care payments that would not be deductible related to future receipts by the Company of the Medicare Part D subsidy and recognized a $43 million tax benefit in “Income from continuing operations before equity in earnings of operating joint ventures.” Total income tax expense includes additional income tax expense related to the realization of local deferred tax assets recorded in the Company’s Consolidated Statements of Financial Position as of the acquisition date for Prudential Gibraltar Financial Life Insurance Company, Ltd. (“Prudential Gibraltar”) and AIG Star Life Insurance Co., Ltd, AIG Edison Life Insurance Company, AIG Financial Assurance Japan K.K. and AIG Edison Service Co., Ltd. (collectively, the “Star and Edison Businesses”). As of December 31, 2014, the entire amount of additional U.S. GAAP tax expense of $ 734 million related to the utilization of opening balance sheet local deferred tax assets has been recognized in the Consolidated Statements of Operations. During the first quarter of 2013 , the Company changed its repatriation assertion for Gibraltar Life and Prudential Gibraltar. As a result, the Company recorded an additional U.S. tax expense of $108 million in the first quarter of 2013 . Future losses in pre-tax income of Gibraltar Life may reduce the amount of additional tax expense recognized in the Consolidated Statements of Operations and increase the amount of additional tax expense recognized in Other Comprehensive Income. Deferred tax assets and liabilities at December 31 resulted from the items listed in the following table: 2015 2014 (in millions) Deferred tax assets(1) Insurance reserves $ 2,878 $ 3,930 Policyholders’ dividends 1,815 2,552 Net operating and capital loss carryforwards 181 256 Employee benefits 628 825 Investments 530 260 Other 0 285 Deferred tax assets before valuation allowance 6,032 8,108 Valuation allowance (133 ) (277 ) Deferred tax assets after valuation allowance 5,899 7,831 Deferred tax liabilities(2) Net unrealized investment gains 9,167 12,713 Deferred policy acquisition costs 4,179 4,049 Investments 0 0 Unremitted foreign earnings 290 512 Value of business acquired 903 924 Other 291 0 Deferred tax liabilities 14,830 18,198 Net deferred tax liability $ (8,931 ) $ (10,367 ) __________ (1) Amounts for Insurance reserves, Investments, Deferred tax assets before valuation allowance and Deferred tax assets after valuation allowance have been revised to correct previously reported amounts of $4,361 million , $0 million , $8,279 million and $8,002 million , respectively. (2) Amounts for Investments and Deferred tax liabilities have been revised to correct previously reported amounts of $171 million and $18,369 million , respectively. The application of U.S. GAAP requires the Company to evaluate the recoverability of deferred tax assets and establish a valuation allowance if necessary to reduce the deferred tax asset to an amount that is more likely than not expected to be realized. Considerable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance. In evaluating the need for a valuation allowance, the Company considers many factors, including: (1) the nature of the deferred tax assets and liabilities; (2) whether they are ordinary or capital; (3) in which tax jurisdictions they were generated and the timing of their reversal; (4) taxable income in prior carryback years as well as projected taxable earnings exclusive of reversing temporary differences and carryforwards; (5) the length of time that carryovers can be utilized in the various taxing jurisdictions; (6) any unique tax rules that would impact the utilization of the deferred tax assets; and (7) any tax planning strategies that the Company would employ to avoid a tax benefit from expiring unused. Although realization is not assured, management believes it is more likely than not that the deferred tax assets, net of valuation allowances, will be realized. A valuation allowance has been recorded against deferred tax assets related to state and local taxes and foreign operations. Adjustments to the valuation allowance are made to reflect changes in management’s assessment of the amount of the deferred tax asset that is realizable and the amount of deferred tax asset actually realized during the year. The valuation allowance includes amounts recorded in connection with deferred tax assets as of December 31 as follows: 2015 2014 (in millions) Valuation allowance related to state and local deferred tax assets $ 98 $ 252 Valuation allowance related to foreign operations deferred tax assets $ 35 $ 25 The following table sets forth the federal, state and foreign operating, capital loss and tax credit carryforwards for tax purposes, as of December 31: 2015 2014 (in millions) Federal net operating and capital loss carryforwards $ 0 $ 0 State net operating and capital loss carryforwards(1) $ 3,687 $ 5,895 Foreign operating loss carryforwards(2) $ 65 $ 53 General business credits $ 0 $ 136 Alternative minimum tax credits(3) $ 85 $ 248 __________ (1) Expires between 2016 and 2034. (2) $34 million expires between 2016 and 2025 and $31 million has an unlimited carryforward. (3) Alternative minimum tax credits do not expire. The following table sets forth the Company’s foreign operations and unremitted earnings for which the Company provides U.S. income taxes as of December 31, 2015: Foreign Operation Unremitted earnings for which the Company provides U.S. income taxes Japanese insurance operations - Pre-2014 U.S. GAAP earnings - Post-2013 realized and unrealized capital gains - An additional amount from Gibraltar Life and Prudential Gibraltar, not to exceed the deferred tax asset recorded in the Statements of Financial Position as of the acquisition date for Prudential Gibraltar and the Star and Edison Businesses Korean insurance operations Portion of post 2011 U.S. GAAP earnings Certain operations in India, Germany, Taiwan, Brazil, and non-insurance operations in Japan U.S. GAAP earnings Unremitted foreign earnings from operations in other foreign jurisdictions are considered to be indefinitely reinvested. During the first quarter of 2013, we determined that in addition to U.S. GAAP earnings, we would repatriate an additional amount from Gibraltar Life and Prudential Gibraltar, but that such additional amount would not exceed the deferred tax assets recorded in the Statement of Financial Position as of the acquisition date for Prudential Gibraltar and the Star and Edison Businesses. Consequently we recognized an additional U.S. tax expense of $108 million in “Income from continuing operations before equity in earnings of operating joint ventures” during 2013. During the fourth quarter of 2014 , we determined that the current year operating earnings and AOCI, except realized and unrealized capital gains (losses), of our Japanese insurance operations will be treated as indefinitely reinvested. Consequently, we recognized a U.S. tax expense of $32 million in “Income from continuing operations before equity in earnings of operating joint ventures” during 2014. During the third quarter of 2015, the Company determined that the earnings from its Brazilian insurance operations would be repatriated to the U.S. Accordingly, earnings from those Brazilian insurance operations were not considered indefinitely reinvested, and the Company recognized an income tax benefit of $3 million in “Income from continuing operations before equity in earnings of operating joint ventures”. The following table sets forth the undistributed earnings of foreign subsidiaries, where the Company assumes indefinite reinvestment of such earnings and for which U.S. deferred taxes have not been provided, as of the periods indicated. Determining the tax liability that would arise if these earnings were remitted is not practicable. At December 31, 2015 2014 2013 (in millions) Undistributed earnings of foreign subsidiaries (assuming indefinite reinvestment) $ 3,215 $ 2,396 $ 1,973 The Company’s income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures includes income from domestic operations of $4,235 million , $3,487 million and $1,274 million , and income (loss) from foreign operations of $3,534 million , $(1,728) million and $(2,958) million for the years ended December 31, 2015 , 2014 and 2013 , respectively. The Company’s liability for income taxes includes the liability for unrecognized tax benefits and interest that relate to tax years still subject to review by the IRS or other taxing authorities. The completion of review or the expiration of the Federal statute of limitations for a given audit period could result in an adjustment to the liability for income taxes. The Company’s unrecognized tax benefits for the years ended December 31 are as follows: 2015 2014 2013 (in millions) Balance at January 1, $ 6 $ 11 $ 19 Increases in unrecognized tax benefits—prior years 0 0 0 (Decreases) in unrecognized tax benefits—prior years 0 0 (7 ) Increases in unrecognized tax benefits—current year 0 0 0 (Decreases) in unrecognized tax benefits—current year 0 0 0 Settlements with taxing authorities 0 (5 ) (1 ) Balance at December 31, $ 6 $ 6 $ 11 Unrecognized tax benefits that, if recognized, would favorably impact the effective rate $ 6 $ 6 $ 11 The Company does not anticipate any significant changes within the next twelve months to its total unrecognized tax benefits related to tax years for which the statute of limitations has not expired. The Company classifies all interest and penalties related to tax uncertainties as income tax expense (benefit). The amounts recognized in the consolidated financial statements for tax-related interest and penalties for the years ended December 31 are as follows: 2015 2014 2013 (in millions) Interest and penalties recognized in the consolidated statements of operations $ 0 $ 2 $ 1 2015 2014 (in millions) Interest and penalties recognized in liabilities in the consolidated statements of financial position $ 4 $ 4 Listed below are the tax years that remain subject to examination, by major tax jurisdiction, as of December 31, 2015 : Major Tax Jurisdiction Open Tax Years United States 2007-2015 Japan Fiscal years ended March 31, 2011-2015 Korea Fiscal years ended March 31, 2011-2013, the periods ended December 31, 2014 and 2015 For tax years 2007 through 2016, the Company is participating in the IRS’s Compliance Assurance Program (“CAP”). Under CAP, the IRS assigns an examination team to review completed transactions as they occur in order to reach agreement with the Company on how they should be reported in the relevant tax returns. If disagreements arise, accelerated resolutions programs are available to resolve the disagreements in a timely manner before the tax return is filed. Certain of the Company’s affiliates in Japan file a consolidated tax return, while others file separate tax returns. The Company’s affiliates in Japan are subject to audits by the local taxing authority. The general statute of limitations is five years from when the return is filed. During 2013 , the Tokyo Regional Taxation Bureau concluded a routine tax audit of the tax returns of the Company’s affiliates in Japan for their tax years ended March 31, 2009 to March 31, 2012. During 2015, the Tokyo Regional Taxation Bureau notified the Company that it will conduct a routine tax audit of the Company’s affiliates in Japan. These activities had no material impact on the Company’s 2013 , 2014 or 2015 results. The Company’s affiliates in South Korea file separate tax returns and are subject to audits by the local taxing authority. The general statute of limitations is five years from when the return is filed. During 2014 , the Korean National Tax Service concluded a routine tax audit of the tax returns of Prudential of Korea for the tax years ended March 31, 2010 to March 31, 2012. These activities had no material impact on the Company’s 2013 , 2014 or 2015 results.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	FAIR VALUE OF ASSETS AND LIABILITIES Fair Value Measurement ––Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative fair value guidance establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows: Level 1—Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets or liabilities. The Company’s Level 1 assets and liabilities primarily include certain cash equivalents and short-term investments, equity securities and derivative contracts that trade on an active exchange market. Level 2—Fair value is based on significant inputs, other than quoted prices included in Level 1, that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability through corroboration with observable market data. Level 2 inputs include quoted market prices in active markets for similar assets and liabilities, quoted market prices in markets that are not active for identical or similar assets or liabilities, and other market observable inputs. The Company’s Level 2 assets and liabilities include: fixed maturities (corporate public and private bonds, most government securities, certain asset-backed and mortgage-backed securities, etc.), certain equity securities (mutual funds, which do not actively trade and are priced based on a NAV), certain commercial mortgage loans, short-term investments and certain cash equivalents (primarily commercial paper), and certain OTC derivatives. Level 3—Fair value is based on at least one significant unobservable input for the asset or liability. The assets and liabilities in this category may require significant judgment or estimation in determining the fair value. The Company’s Level 3 assets and liabilities primarily include: certain private fixed maturities and equity securities, certain manually priced public equity securities and fixed maturities, certain highly structured OTC derivative contracts, certain commercial mortgage loans, certain consolidated real estate funds for which the Company is the general partner and embedded derivatives resulting from certain products with guaranteed benefits. Assets and Liabilities by Hierarchy Level ––The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated. As of December 31, 2015 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 18,517 $ 0 $ $ 18,517 Obligations of U.S. states and their political subdivisions 0 8,789 6 8,795 Foreign government bonds 0 83,590 123 83,713 U.S. corporate public securities 0 75,163 205 75,368 U.S. corporate private securities 0 29,750 694 30,444 Foreign corporate public securities 0 28,510 44 28,554 Foreign corporate private securities 0 18,859 279 19,138 Asset-backed securities(7) 0 6,178 4,048 10,226 Commercial mortgage-backed securities 0 10,424 38 10,462 Residential mortgage-backed securities 0 4,923 183 5,106 Subtotal 0 284,703 5,620 290,323 Trading account assets:(2) U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 288 0 288 Obligations of U.S. states and their political subdivisions 0 189 0 189 Foreign government bonds 0 697 34 731 Corporate securities 0 23,125 203 23,328 Asset-backed securities(7) 0 749 596 1,345 Commercial mortgage-backed securities 0 1,870 3 1,873 Residential mortgage-backed securities 0 1,509 4 1,513 Equity securities 1,542 221 589 2,352 All other(3) 630 14,173 5 (11,447 ) 3,361 Subtotal 2,172 42,821 1,434 (11,447 ) 34,980 Equity securities, available-for-sale 6,011 2,997 266 9,274 Commercial mortgage and other loans 0 274 0 274 Other long-term investments 13 212 1,380 (10 ) 1,595 Short-term investments 6,776 711 0 7,487 Cash equivalents 4,834 9,374 0 14,208 Other assets 0 9 7 16 Subtotal excluding separate account assets 19,806 341,101 8,707 (11,457 ) 358,157 Separate account assets(4) 43,076 214,838 27,656 285,570 Total assets $ 62,882 $ 555,939 $ 36,363 $ (11,457 ) $ 643,727 Future policy benefits(5) $ 0 $ 0 $ 8,434 $ $ 8,434 Other liabilities 1 5,306 2 (5,276 ) 33 Notes issued by consolidated VIEs 0 0 8,597 8,597 Total liabilities $ 1 $ 5,306 $ 17,033 $ (5,276 ) $ 17,064 As of December 31, 2014(6) Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 20,123 $ 0 $ $ 20,123 Obligations of U.S. states and their political subdivisions 0 6,525 6 6,531 Foreign government bonds 0 80,939 2 80,941 U.S. corporate public securities 0 79,709 357 80,066 U.S. corporate private securities 0 30,238 523 30,761 Foreign corporate public securities 0 30,816 252 31,068 Foreign corporate private securities 0 18,310 171 18,481 Asset-backed securities(7) 0 7,126 4,059 11,185 Commercial mortgage-backed securities 0 13,834 43 13,877 Residential mortgage-backed securities 0 5,804 253 6,057 Subtotal 0 293,424 5,666 299,090 Trading account assets:(2) U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 399 0 399 Obligations of U.S. states and their political subdivisions 0 199 0 199 Foreign government bonds 0 696 21 717 Corporate securities 0 20,146 124 20,270 Asset-backed securities(7) 0 850 393 1,243 Commercial mortgage-backed securities 0 2,556 5 2,561 Residential mortgage-backed securities 0 1,767 7 1,774 Equity securities 1,396 232 663 2,291 All other(3) 194 13,803 7 (12,321 ) 1,683 Subtotal 1,590 40,648 1,220 (12,321 ) 31,137 Equity securities, available-for-sale 6,688 2,898 275 9,861 Commercial mortgage and other loans 0 380 0 380 Other long-term investments 12 224 1,547 (11 ) 1,772 Short-term investments 5,263 2,472 0 7,735 Cash equivalents 2,657 9,188 0 11,845 Other assets 4 109 2 115 Subtotal excluding separate account assets 16,214 349,343 8,710 (12,332 ) 361,935 Separate account assets(4) 48,063 223,710 24,662 296,435 Total assets $ 64,277 $ 573,053 $ 33,372 $ (12,332 ) $ 658,370 Future policy benefits(5) $ 0 $ 0 $ 8,182 $ $ 8,182 Other liabilities 1 6,883 5 (6,661 ) 228 Notes issued by consolidated VIEs 0 0 6,033 6,033 Total liabilities $ 1 $ 6,883 $ 14,220 $ (6,661 ) $ 14,443 __________ (1) “Netting” amounts represent cash collateral of $6,181 million and $5,671 million as of December 31, 2015 and 2014 , respectively, and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting arrangements. (2) Includes “Trading account assets supporting insurance liabilities” and “Other trading account assets.” (3) Level 1 represents cash equivalents and short-term investments. All other amounts primarily represent derivative assets. (4) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account assets classified as Level 3 consist primarily of real estate and real estate investment funds. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Consolidated Statements of Financial Position. (5) For the year ended December 31, 2015 , the net embedded derivative liability position of $8.4 billion includes $0.7 billion of embedded derivatives in an asset position and $9.1 billion of embedded derivatives in a liability position. For the year ended December 31, 2014 , the net embedded derivative liability position of $8.2 billion includes $0.6 billion of embedded derivatives in an asset position and $8.8 billion of embedded derivatives in a liability position. (6) Prior period amounts are presented on a basis consistent with the current period presentation. (7) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. The methods and assumptions the Company uses to estimate the fair value of assets and liabilities measured at fair value on a recurring basis are summarized below. Fixed Maturity Securities —The fair values of the Company’s public fixed maturity securities are generally based on prices obtained from independent pricing services. Prices for each security are generally sourced from multiple pricing vendors, and a vendor hierarchy is maintained by asset type based on historical pricing experience and vendor expertise. The Company ultimately uses the price from the pricing service highest in the vendor hierarchy based on the respective asset type. The pricing hierarchy is updated for new financial products and recent pricing experience with various vendors. Consistent with the fair value hierarchy described above, securities with validated quotes from pricing services are generally reflected within Level 2, as they are primarily based on observable pricing for similar assets and/or other market observable inputs. Typical inputs used by these pricing services include but are not limited to, reported trades, benchmark yields, issuer spreads, bids, offers, and/or estimated cash flow, prepayment speeds and default rates. If the pricing information received from third-party pricing services is deemed not reflective of market activity or other inputs observable in the market, the Company may challenge the price through a formal process with the pricing service or classify the securities as Level 3. If the pricing service updates the price to be more consistent with the presented market observations, the security remains within Level 2. Internally-developed valuations or indicative broker quotes are also used to determine fair value in circumstances where vendor pricing is not available, or where the Company ultimately concludes that pricing information received from the independent pricing services is not reflective of market activity. If the Company concludes the values from both pricing services and brokers are not reflective of market activity, it may override the information with an internally-developed valuation. As of December 31, 2015 and 2014 , overrides on a net basis were not material. Pricing service overrides, internally-developed valuations and indicative broker quotes are generally included in Level 3 in the fair value hierarchy. The Company conducts several specific price monitoring activities. Daily analyses identify price changes over predetermined thresholds defined at the financial instrument level. Various pricing integrity reports are reviewed on a daily and monthly basis to determine if pricing is reflective of market activity or if it would warrant any adjustments. Other procedures performed include, but are not limited to, reviews of third-party pricing services methodologies, reviews of pricing trends and back testing. The fair value of private fixed maturities, which are comprised of investments in private placement securities, originated by internal private asset managers, are primarily determined using discounted cash flow models. These models primarily use observable inputs that include Treasury or similar base rates plus estimated credit spreads to value each security. The credit spreads are obtained through a survey of private market intermediaries who are active in both primary and secondary transactions, and consider, among other factors, the credit quality and industry sector of the issuer and the reduced liquidity associated with private placements. Since most private placements are valued using standard market observable inputs and inputs derived from, or corroborated by, market observable data including observed prices and spreads for similar publicly-traded or privately-traded issues, they have been reflected within Level 2. For certain private fixed maturities, the discounted cash flow model may incorporate significant unobservable inputs, which reflect the Company’s own assumptions about the inputs that market participants would use in pricing the asset. To the extent management determines that such unobservable inputs are significant to the price of a security, a Level 3 classification is made. Trading Account Assets —Trading account assets consist primarily of fixed maturity securities, equity securities and derivatives whose fair values are determined consistent with similar instruments described above under “Fixed Maturity Securities” and below under “Equity Securities” and “Derivative Instruments.” Equity Securities —Equity securities consist principally of investments in common and preferred stock of publicly-traded companies, perpetual preferred stock, privately-traded securities, as well as mutual fund shares. The fair values of most publicly-traded equity securities are based on quoted market prices in active markets for identical assets and are classified within Level 1 in the fair value hierarchy. Estimated fair values for most privately traded equity securities are determined using discounted cash flow, earnings multiple and other valuation models that require a substantial level of judgment around inputs and therefore are classified within Level 3. The fair values of mutual fund shares that transact regularly (but do not trade in active markets because they are not publicly available) are based on transaction prices of identical fund shares and are classified within Level 2 in the fair value hierarchy. The fair values of perpetual preferred stock are based on inputs obtained from independent pricing services that are primarily based on indicative broker quotes. As a result, the fair values of perpetual preferred stock are classified as Level 3. Commercial Mortgage and Other Loans —The fair value of loans held and accounted for using the fair value option is determined utilizing pricing indicators from the whole loan market, where investors are committed to purchase these loans at a predetermined price, which is considered the principal exit market for these loans. The Company has evaluated the valuation inputs used for these assets, including the existence of predetermined exit prices, the terms of the loans, prevailing interest rates and credit risk, and deemed that the primary pricing inputs are Level 2 inputs in the fair value hierarchy. Other Long-Term Investments —Other long-term investments include limited partnerships which are consolidated because the Company is either deemed to exercise control or considered the primary beneficiary of a variable interest entity. These entities are considered investment companies and follow specialized industry accounting whereby their assets are carried at fair value. The investments held by these entities include various feeder fund investments in underlying master funds (whose underlying holdings generally include public fixed maturities, equity securities and mutual funds), as well as wholly-owned real estate held within other investment funds. The fair value is determined by reference to the underlying direct investments, with publicly-traded equity securities based on quoted prices in active markets reflected in Level 1, and public fixed maturities and mutual funds priced via quotes from pricing services or observable data reflected in Level 2. The fair value of investments in funds that are subject to significant liquidity restrictions are reflected in Level 3. The fair value of real estate held in consolidated investment funds is determined through an independent appraisal process. The appraisals generally utilize a discounted cash flow model, supplemented with replacement cost estimates and comparable recent sales data when available. These appraisals and the related assumptions are updated at least annually. Since many of the assumptions utilized are unobservable and are considered to be significant inputs to the valuation, the real estate investments within other long-term investments have been reflected within Level 3 in the fair value hierarchy. The fair value of fund investments, where the fair value option has been elected, is primarily determined by the fund managers and is measured at fair value using NAV as a practical expedient. Since the valuations may be based on unobservable market inputs and cannot be validated by the Company, these investments have been included within Level 3 in the fair value hierarchy. Other Assets —Other assets reflected in Level 3 include reinsurance recoverables which are carried at fair value and consist of the reinsurance of the Company’s living benefit guarantees on certain variable annuity contracts. The methods and assumptions used to estimate the fair value are consistent with those described in “Future Policy Benefits”. The reinsurance agreements covering these guarantees are derivatives with fair value determined in the same manner as the living benefit guarantee. Derivative Instruments —Derivatives are recorded at fair value either as assets, within “Other trading account assets,” or “Other long-term investments,” or as liabilities, within “Other liabilities,” except for embedded derivatives which are recorded with the associated host contract. The fair values of derivative contracts can be affected by changes in interest rates, foreign exchange rates, commodity prices, credit spreads, market volatility, expected returns, NPR, liquidity and other factors. For derivative positions included within Level 3 of the fair value hierarchy, liquidity valuation adjustments are made to reflect the cost of exiting significant risk positions, and consider the bid-ask spread, maturity, complexity, and other specific attributes of the underlying derivative position. The Company’s exchange-traded futures and options include Treasury futures, Eurodollar futures, commodity futures, Eurodollar options and commodity options. Exchange-traded futures and options are valued using quoted prices in active markets and are classified within Level 1 in the fair value hierarchy. The majority of the Company’s derivative positions are traded in the OTC derivative market and are classified within Level 2 in the fair value hierarchy. OTC derivatives classified within Level 2 are valued using models that utilize actively quoted or observable market input values from external market data providers, third-party pricing vendors and/or recent trading activity. The Company’s policy is to use mid-market pricing in determining its best estimate of fair value. The fair values of most OTC derivatives, including interest rate and cross-currency swaps, currency forward contracts, commodity swaps, commodity forward contracts, single name credit default swaps, loan commitments held for sale and “to be announced” (“TBA”) forward contracts on highly rated mortgage-backed securities issued by U.S. government sponsored entities are determined using discounted cash flow models. The fair values of European style option contracts are determined using Black-Scholes option pricing models. These models’ key inputs include the contractual terms of the respective contract, along with significant observable inputs, including interest rates, currency rates, credit spreads, equity prices, index dividend yields, NPR, volatility and other factors. The Company’s cleared interest rate swaps and credit derivatives linked to an index are valued using models that utilize actively quoted or observable market inputs, including Overnight Indexed Swap discount rates, obtained from external market data providers, third-party pricing vendors and/or recent trading activity. These derivatives are classified as Level 2 in the fair value hierarchy. The vast majority of the Company’s derivative agreements are with highly rated major international financial institutions. To reflect the market’s perception of its own and the counterparty’s NPR, the Company incorporates additional spreads over LIBOR into the discount rate used in determining the fair value of OTC derivative assets and liabilities that are not otherwise collateralized. Derivatives classified as Level 3 include look-back equity options and other structured products. These derivatives are valued based upon models, such as Monte Carlo simulation models and other techniques that utilize significant unobservable inputs. Level 3 methodologies are validated through periodic comparison of the Company’s fair values to external broker-dealer values. Cash Equivalents and Short-Term Investments —Cash equivalents and short-term investments include money market instruments, commercial paper and other highly liquid debt instruments. Certain money market instruments are valued using unadjusted quoted prices in active markets that are accessible for identical assets and are primarily classified as Level 1. The remaining instruments in this category are generally fair valued based on market observable inputs and these investments have primarily been classified within Level 2. Separate Account Assets —Separate account assets include fixed maturity securities, treasuries, equity securities, mutual funds and real estate investments for which values are determined consistent with similar instruments described above under “Fixed Maturity Securities,” “Equity Securities” and “Other Long-Term Investments.” Notes issued by Consolidated VIEs —The fair values of these notes are based on indicative broker quotes and classified within Level 3. See Note 5 and “Fair Value Option” below for additional information. Other Liabilities —Other liabilities include certain derivative instruments, the fair values of which are determined consistent with similar derivative instruments described above under “Derivative Instruments.” Future Policy Benefits —The liability for future policy benefits is related to guarantees primarily associated with the living benefit features of certain variable annuity contracts offered by the Company’s Individual Annuities segment, including GMAB, GMWB and GMIWB, accounted for as embedded derivatives. The fair values of these liabilities are calculated as the present value of future expected benefit payments to customers less the present value of future expected rider fees attributable to the embedded derivative feature. This methodology could result in either a liability or contra-liability balance, given changing capital market conditions and various actuarial assumptions. Since there is no observable active market for the transfer of these obligations, the valuations are calculated using internally-developed models with option pricing techniques. The models are based on a risk neutral valuation framework and incorporate premiums for risks inherent in valuation techniques, inputs, and the general uncertainty around the timing and amount of future cash flows. The determination of these risk premiums requires the use of management’s judgment. The significant inputs to the valuation models for these embedded derivatives include capital market assumptions, such as interest rate levels and volatility assumptions, the Company’s market-perceived NPR, as well as actuarially determined assumptions, including contractholder behavior, such as lapse rates, benefit utilization rates, withdrawal rates, and mortality rates. Since many of these assumptions are unobservable and are considered to be significant inputs to the liability valuation, the liability included in future policy benefits has been reflected within Level 3 in the fair value hierarchy . Capital market inputs and actual policyholders’ account values are updated each quarter based on capital market conditions as of the end of the quarter, including interest rates, equity markets and volatility. In the risk neutral valuation, the initial swap curve drives the total return used to grow the policyholders’ account values. The Company’s discount rate assumption is based on the LIBOR swap curve adjusted for an additional spread relative to LIBOR to reflect NPR. Actuarial assumptions, including contractholder behavior and mortality, are reviewed at least annually, and updated based upon emerging experience, future expectations and other data, including any observable market data. These assumptions are generally updated annually unless a material change that the Company feels is indicative of a long term trend is observed in an interim period. Transfers between Levels 1 and 2 —Overall, transfers between levels are made to reflect changes in observability of inputs and market activity. Transfers into or out of any level are generally reported as the value as of the beginning of the quarter in which the transfers occur for any such assets still held at the end of the quarter. Periodically there are transfers between Level 1 and Level 2 for assets held in the Company’s Separate Account. The fair value of foreign common stock held in the Company’s Separate Account may reflect differences in market levels between the close of foreign trading markets and the close of U.S. trading markets for the respective day. Dependent on the existence of such a timing difference, the assets may move between Level 1 and Level 2. During the year ended December 31, 2015 , $0.2 billion were transferred from Level 1 to Level 2 and $0.2 billion were transferred from Level 2 to Level 1. During the year ended December 31, 2014 , $2.1 billion were transferred from Level 1 to Level 2 and $0.1 billion were transferred from Level 2 to Level 1. Level 3 Assets and Liabilities by Price Source —The table below presents the balances of Level 3 assets and liabilities measured at fair value with their corresponding pricing sources. As of December 31, 2015 Internal(1) External(2) Total (in millions) Obligations of U.S. states and their political subdivisions $ 6 $ 0 $ 6 Foreign government bonds 0 157 157 Corporate securities(3) 1,085 340 1,425 Asset-backed securities(4) 149 4,495 4,644 Commercial mortgage-backed securities 5 36 41 Residential mortgage-backed securities 37 150 187 Equity securities 63 792 855 Other long-term investments 33 1,347 1,380 Other assets 12 0 12 Subtotal excluding separate account assets(3) 1,390 7,317 8,707 Separate account assets 26,326 1,330 27,656 Total assets $ 27,716 $ 8,647 $ 36,363 Future policy benefits $ 8,434 $ 0 $ 8,434 Other liabilities 2 0 2 Notes issued by consolidated VIEs 0 8,597 8,597 Total liabilities $ 8,436 $ 8,597 $ 17,033 As of December 31, 2014 Internal(1) External(2) Total (in millions) Obligations of U.S. states and their political subdivisions $ 6 $ 0 $ 6 Foreign government bonds 0 23 23 Corporate securities(3) 752 675 1,427 Asset-backed securities(4) 150 4,302 4,452 Commercial mortgage-backed securities 10 38 48 Residential mortgage-backed securities 57 203 260 Equity securities 140 798 938 Other long-term investments 1 1,546 1,547 Other assets 9 0 9 Subtotal excluding separate account assets(3) 1,125 7,585 8,710 Separate account assets 23,632 1,030 24,662 Total assets $ 24,757 $ 8,615 $ 33,372 Future policy benefits $ 8,182 $ 0 $ 8,182 Other liabilities 2 3 5 Notes issued by consolidated VIEs 0 6,033 6,033 Total liabilities $ 8,184 $ 6,036 $ 14,220 __________ (1) Represents valuations reflecting both internally-derived and market inputs, as well as third-party pricing information or quotes. See below for additional information related to internally-developed valuation for significant items in the above table. (2) Represents unadjusted prices from independent pricing services and independent indicative broker quotes where pricing inputs are not readily available. (3) Includes assets classified as fixed maturities available-for-sale, trading account assets supporting insurance liabilities and other trading account assets. (4) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. Quantitative Information Regarding Internally - Priced Level 3 Assets and Liabilities —The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities (see narrative below for quantitative information for separate account assets). As of December 31, 2015 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in millions) Assets: Corporate securities(9) $ 1,085 Discounted cash flow Discount rate 0.93% — 25% 7.66 % Decrease Market comparables EBITDA multiples(2) 1.4X — 5.0X 3.7X Increase Liquidation Liquidation value 15.79% — 29.33% 17.77 % Increase Liabilities: Future policy benefits(3) $ 8,434 Discounted cash flow Lapse rate(4) 0% — 14% Decrease NPR spread(5) 0.06% — 1.76% Decrease Utilization rate(6) 56% — 96% Increase Withdrawal rate(7) 74% — 100% Increase Mortality rate(8) 0% — 14% Decrease Equity volatility curve 17% — 28% Increase As of December 31, 2014 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in millions) Assets: Corporate securities(9) $ 752 Discounted cash flow Discount rate 0.84% — 15% 7.73% Decrease Market comparables EBITDA multiples(2) 6.1X — 7.0X 6.1X Increase Liquidation Liquidation value 22.12% — 100.0% 82.92% Increase Liabilities: Future policy benefits(3) $ 8,182 Discounted cash flow Lapse rate(4) 0% — 14% Decrease NPR spread(5) 0% — 1.30% Decrease Utilization rate(6) 63% — 96% Increase Withdrawal rate(7) 74% — 100% Increase Mortality rate(8) 0% — 14% Decrease Equity volatility curve 17% — 28% Increase __________ (1) Conversely, the impact of a decrease in input would have the opposite impact for the fair value as that presented in the table. (2) Represents multiples of earnings before interest, taxes, depreciation and amortization (“EBITDA”), and are amounts used when the reporting entity has determined that market participants would use such multiples when pricing the investments. (3) Future policy benefits primarily represent general account liabilities for the living benefit features of the Company’s variable annuity contracts which are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (4) Lapse rates are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. (5) To reflect NPR, the Company incorporates an additional spread over LIBOR into the discount rate used in the valuation of individual living benefit contracts in a liability position and generally not to those in a contra-liability position. The NPR spread reflects the financial strength ratings of the Company, as these are insurance liabilities and senior to debt. The additional spread over LIBOR is determined by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. (6) The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration, and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status, and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale, and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits. (7) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions may vary based on the product type, contractholder age, tax status, and withdrawal timing

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVE INSTRUMENTS Types of Derivative Instruments and Derivative Strategies Interest Rate Contracts Interest rate swaps, options and futures are used by the Company to reduce risks from changes in interest rates, manage interest rate exposures arising from mismatches between assets and liabilities (including duration mismatches) and to hedge against changes in the value of assets it owns or anticipates acquiring or selling. Swaps may be attributed to specific assets or liabilities or may be used on a portfolio basis. Under interest rate swaps, the Company agrees with counterparties to exchange, at specified intervals, the difference between fixed-rate and floating-rate interest amounts calculated by reference to an agreed upon notional principal amount. The Company also uses swaptions, interest rate caps and interest rate floors to manage interest rate risk. A swaption is an option to enter into a swap with a forward starting effective date. The Company pays a premium for purchased swaptions and receives a premium for written swaptions. In an interest rate cap, the buyer receives payments at the end of each period in which the interest rate exceeds the agreed strike price. Similarly, in an interest rate floor, the buyer receives payments at the end of each period in which the interest rate is below the agreed strike price. Swaptions and interest rate caps and floors are included in interest rate options. In exchange-traded interest rate futures transactions, the Company purchases or sells a specified number of contracts, the values of which are determined by the values of underlying referenced investments, and posts variation margin on a daily basis in an amount equal to the difference in the daily market values of those contracts. The Company enters into exchange-traded futures with regulated futures commission’s merchants who are members of a trading exchange. Equity Contracts Equity index options are contracts which will settle in cash based on differentials in the underlying indices at the time of exercise and the strike price. The Company uses combinations of purchases and sales of equity index options to hedge the effects of adverse changes in equity indices within a predetermined range. Total return swaps are contracts whereby the Company agrees with counterparties to exchange, at specified intervals, the difference between the return on an asset (or market index) and LIBOR plus an associated funding spread based on a notional amount. The Company generally uses total return swaps to hedge the effect of adverse changes in equity indices. Foreign Exchange Contracts Currency derivatives, including currency futures, options, forwards and swaps, are used by the Company to reduce risks from changes in currency exchange rates with respect to investments denominated in foreign currencies that the Company either holds or intends to acquire or sell, and to hedge the currency risk associated with net investments in foreign operations and anticipated earnings of its foreign operations. Under currency forwards, the Company agrees with counterparties to deliver a specified amount of an identified currency at a specified future date. Typically, the price is agreed upon at the time of the contract and payment for such a contract is made at the specified future date. As noted above, the Company uses currency forwards to mitigate the impact of changes in currency exchange rates on U.S. dollar-equivalent earnings generated by certain of its non-U.S. businesses, primarily its international insurance and investment operations. The Company executes forward sales of the hedged currency in exchange for U.S. dollars at a specified exchange rate. The maturities of these forwards correspond with the future periods in which the non-U.S. dollar-denominated earnings are expected to be generated. These earnings hedges do not qualify for hedge accounting. Under currency swaps, the Company agrees with counterparties to exchange, at specified intervals, the difference between one currency and another at an exchange rate and calculated by reference to an agreed principal amount. Generally, the principal amount of each currency is exchanged at the beginning and termination of the currency swap by each party. Credit Contracts The Company writes credit default swaps for which it receives a premium to insure credit risk. These are used by the Company to enhance the return on the Company’s investment portfolio by creating credit exposure similar to an investment in public fixed maturity cash instruments. With these derivatives the Company sells credit protection on a single name reference, or certain index reference, and in return receives a quarterly premium. This premium or credit spread generally corresponds to the difference between the yield on the referenced names (or an index’s referenced names) public fixed maturity cash instruments and swap rates, at the time the agreement is executed. If there is an event of default by the referenced name or one of the referenced names in the index, as defined by the agreement, then the Company is obligated to pay the referenced amount of the contract to the counterparty and receive in return the referenced defaulted security or similar security or (in the case of a credit default index) pay the referenced amount less the auction recovery rate. See credit derivatives written section for further discussion of guarantees. In addition to selling credit protection, the Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio. Other Contracts TBAs. The Company uses TBA forward contracts to gain exposure to the investment risk and return of mortgage-backed securities. TBA transactions can help the Company enhance the return on its investment portfolio, and can provide a more liquid and cost effective method of achieving these goals than purchasing or selling individual mortgage-backed pools. Typically, the price is agreed upon at the time of the contract and payment for such a contract is made at a specified future date. Additionally, pursuant to the Company’s mortgage dollar roll program, TBAs or mortgage-backed securities are transferred to counterparties with a corresponding agreement to repurchase them at a future date. These transactions do not qualify as secured borrowings and are accounted for as derivatives. Loan Commitments. In its mortgage operations, the Company enters into commitments to fund commercial mortgage loans at specified interest rates and other applicable terms within specified periods of time. These commitments are legally binding agreements to extend credit to a counterparty. Loan commitments for loans that will be held for sale are recognized as derivatives and recorded at fair value. The determination of the fair value of loan commitments accounted for as derivatives considers various factors including, among others, terms of the related loan, the intended exit strategy for the loans based upon either securitization valuation models or investor purchase commitments, prevailing interest rates, origination income or expense, and the value of service rights. Loan commitments that relate to the origination of mortgage loans that will be held for investment are not accounted for as derivatives and accordingly are not recognized in the Company’s financial statements. See Note 23 for additional information. Embedded Derivatives. The Company sells variable annuity products, which may include guaranteed benefit features that are accounted for as embedded derivatives. These embedded derivatives are marked to market through “Realized investment gains (losses), net” based on the change in value of the underlying contractual guarantees, which are determined using valuation models. The Company maintains a portfolio of derivative instruments that is intended to offset certain risks related to the above products’ features. The derivatives may include, but are not limited to equity options, total return swaps, interest rate swaptions, caps, floors and other instruments. Synthetic Guarantees. The Company sells synthetic Guaranteed Investment Contracts ("GICs"), through both full service and investment-only sales channels, to investment vehicles primarily used by qualified defined contribution pension plans. The synthetic GICs are issued in respect of assets that are owned by the trustees of such plans, who invest the assets according to the contract terms agreed to with the Company. The contracts establish participant balances and credit interest thereon. The participant balances are supported by the underlying assets. In connection with certain participant-initiated withdrawals, the contract guarantees that after all underlying assets are liquidated, any remaining participant balances will be paid by the Company. Under U.S. GAAP, these contracts are accounted for as derivatives and recorded at fair value. The table below provides a summary of the gross notional amount and fair value of derivatives contracts by the primary underlying, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlyings. The fair value amounts below represent the gross fair value of derivative contracts prior to taking into account the netting effects of master netting agreements, cash collateral held with the same counterparty and NPR. This netting impact results in total derivative assets of $2,728 million and $1,593 million as of December 31, 2015 and 2014 , respectively, and total derivative liabilities of $40 million and $158 million as of December 31, 2015 and 2014 , respectively, reflected in the Consolidated Statements of Financial Position. December 31, 2015 December 31, 2014 Primary Underlying/ Instrument Type Gross Fair Value Gross Fair Value Notional(1) Assets Liabilities Notional(1) Assets Liabilities (in millions) Derivatives Designated as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 1,431 $ 20 $ (148 ) $ 1,714 $ 21 $ (191 ) Foreign Currency Foreign Currency Forwards 323 7 (1 ) 443 5 (14 ) Currency/Interest Rate Foreign Currency Swaps 12,739 1,592 (5 ) 10,772 679 (161 ) Total Qualifying Hedges $ 14,493 $ 1,619 $ (154 ) $ 12,929 $ 705 $ (366 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 173,091 $ 10,161 $ (4,232 ) $ 182,937 $ 9,904 $ (4,578 ) Interest Rate Futures 28,209 11 (3 ) 32,008 5 (3 ) Interest Rate Options 40,056 387 (196 ) 27,561 663 (180 ) Interest Rate Forwards 86 0 0 877 2 (1 ) Foreign Currency Foreign Currency Forwards 17,400 311 (113 ) 21,197 854 (1,011 ) Foreign Currency Options 93 0 0 203 6 0 Currency/Interest Rate Foreign Currency Swaps 11,607 1,404 (238 ) 11,083 1,207 (145 ) Credit Credit Default Swaps 1,839 3 (53 ) 2,622 7 (30 ) Equity Equity Futures 249 2 0 331 3 0 Equity Options 48,958 159 (118 ) 57,590 504 (41 ) Total Return Swaps 18,804 128 (209 ) 15,217 65 (462 ) Commodity Commodity Futures 80 0 0 18 1 0 Synthetic GICs 72,585 7 0 74,707 6 0 Total Non-Qualifying Derivatives(2) $ 413,057 $ 12,573 $ (5,162 ) $ 426,351 $ 13,227 $ (6,451 ) Total Derivatives(3) $ 427,550 $ 14,192 $ (5,316 ) $ 439,280 $ 13,932 $ (6,817 ) __________ (1) Notional amounts are presented on a gross basis and include derivatives used to offset existing positions. (2) Based on notional amounts, most of the Company’s derivatives do not qualify for hedge accounting as follows: i) derivatives that economically hedge embedded derivatives do not qualify for hedge accounting because changes in the fair value of the embedded derivatives are already recorded in net income, ii) derivatives that are utilized as macro hedges of the Company’s exposure to various risks typically do not qualify for hedge accounting because they do not meet the criteria required under portfolio hedge accounting rules, and iii) synthetic GICs, which are product standalone derivatives, do not qualify as hedging instruments under hedge accounting rules. (3) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlyings. The fair value of these embedded derivatives was a net liability of $8,408 million as of December 31, 2015 and a net liability of $8,162 million as of December 31, 2014 , primarily included in “Future policy benefits.” Offsetting Assets and Liabilities The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Consolidated Statements of Financial Position. December 31, 2015 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Statement of Financial Position Net Amounts Presented in the Statement of Financial Position Financial Instruments/ Collateral(1) Net Amount (in millions) Offsetting of Financial Assets: Derivatives(1) $ 14,028 $ (11,457 ) $ 2,571 $ (1,296 ) $ 1,275 Securities purchased under agreement to resell 776 0 776 (776 ) 0 Total Assets $ 14,804 $ (11,457 ) $ 3,347 $ (2,072 ) $ 1,275 Offsetting of Financial Liabilities: Derivatives(1) $ 5,310 $ (5,276 ) $ 34 $ (14 ) $ 20 Securities sold under agreement to repurchase 7,882 0 7,882 (7,882 ) 0 Total Liabilities $ 13,192 $ (5,276 ) $ 7,916 $ (7,896 ) $ 20 December 31, 2014 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Statement of Financial Position Net Amounts Presented in the Statement of Financial Position Financial Instruments/ Collateral(1) Net Amount (in millions) Offsetting of Financial Assets: Derivatives(1) $ 13,786 $ (12,332 ) $ 1,454 $ (623 ) $ 831 Securities purchased under agreement to resell 702 0 702 (702 ) 0 Total Assets $ 14,488 $ (12,332 ) $ 2,156 $ (1,325 ) $ 831 Offsetting of Financial Liabilities: Derivatives(1) $ 6,810 $ (6,661 ) $ 149 $ (149 ) $ 0 Securities sold under agreement to repurchase 9,407 0 9,407 (9,407 ) 0 Total Liabilities $ 16,217 $ (6,661 ) $ 9,556 $ (9,556 ) $ 0 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty. For information regarding the rights of offset associated with the derivative assets and liabilities in the table above see “ — Counterparty Credit Risk” below. For securities purchased under agreements to resell and securities sold under agreements to repurchase, the Company monitors the value of the securities and maintains collateral, as appropriate, to protect against credit exposure. Where the Company has entered into repurchase and resale agreements with the same counterparty, in the event of default, the Company would generally be permitted to exercise rights of offset. See Note 2 for additional information. Cash Flow, Fair Value and Net Investment Hedges The primary derivative instruments used by the Company in its fair value, cash flow and net investment hedge accounting relationships are interest rate swaps, currency swaps and currency forwards. These instruments are only designated for hedge accounting in instances where the appropriate criteria are met. The Company does not use futures, options, credit, equity or embedded derivatives in any of its fair value, cash flow or net investment hedge accounting relationships. The following table provides the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship. Year Ended December 31, 2015 Realized Investment Gains (Losses) Net Investment Income Other Income Interest Expense Interest Credited To Policyholders’ Account Balances AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Interest Rate $ 29 $ (44 ) $ 0 $ 0 $ 0 $ 0 Currency 18 (1 ) 0 0 0 0 Total fair value hedges 47 (45 ) 0 0 0 0 Cash flow hedges Interest Rate 0 0 0 (7 ) 0 2 Currency/Interest Rate 0 75 146 0 0 957 Total cash flow hedges 0 75 146 (7 ) 0 959 Net investment hedges Currency 0 0 0 0 0 9 Currency/Interest Rate 0 0 0 0 0 31 Total net investment hedges 0 0 0 0 0 40 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 1,394 0 0 0 0 0 Currency (124 ) 0 (2 ) 0 0 0 Currency/Interest Rate 563 0 7 0 0 0 Credit (5 ) 0 0 0 0 0 Equity (591 ) 0 0 0 0 0 Commodity 0 0 0 0 0 0 Embedded Derivatives 724 0 0 0 0 0 Total non-qualifying hedges 1,961 0 5 0 0 0 Total $ 2,008 $ 30 $ 151 $ (7 ) $ 0 $ 999 Year Ended December 31, 2014 Realized Investment Gains (Losses) Net Investment Income Other Income Interest Expense Interest Credited To Policyholders’ Account Balances AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Interest Rate $ (4 ) $ (57 ) $ 0 $ 0 $ 2 $ 0 Currency (9 ) (1 ) 0 0 0 0 Total fair value hedges (13 ) (58 ) 0 0 2 0 Cash flow hedges Interest Rate 0 0 0 (22 ) 0 38 Currency/Interest Rate 0 7 67 0 0 614 Total cash flow hedges 0 7 67 (22 ) 0 652 Net investment hedges Currency 0 0 0 0 0 17 Currency/Interest Rate 0 0 0 0 0 128 Total net investment hedges 0 0 0 0 0 145 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 7,623 0 0 0 0 0 Currency (562 ) 0 0 0 0 0 Currency/Interest Rate 1,124 0 5 0 0 0 Credit (22 ) 0 0 0 0 0 Equity (1,605 ) 0 0 0 0 0 Commodity 1 0 0 0 0 0 Embedded Derivatives (6,734 ) 0 0 0 0 0 Total non-qualifying hedges (175 ) 0 5 0 0 0 Total $ (188 ) $ (51 ) $ 72 $ (22 ) $ 2 $ 797 Year Ended December 31, 2013 Realized Investment Gains (Losses) Net Investment Income Other Income Interest Expense Interest Credited To Policyholders’ Account Balances AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Interest Rate $ 103 $ (71 ) $ 0 $ 0 $ 20 $ 0 Currency (80 ) (1 ) 0 0 0 0 Total fair value hedges 23 (72 ) 0 0 20 0 Cash flow hedges Interest Rate 0 0 0 (23 ) 0 26 Currency/Interest Rate 0 2 (91 ) 0 0 (215 ) Total cash flow hedges 0 2 (91 ) (23 ) 0 (189 ) Net investment hedges Currency(2) 0 0 (4 ) 0 0 6 Currency/Interest Rate 0 0 0 0 0 233 Total net investment hedges 0 0 (4 ) 0 0 239 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (5,254 ) 0 0 0 0 0 Currency (591 ) 0 0 0 0 0 Currency/Interest Rate 131 0 (2 ) 0 0 0 Credit (4 ) 0 0 0 0 0 Equity (3,684 ) 0 0 0 0 0 Commodity 1 0 0 0 0 0 Embedded Derivatives 3,752 0 0 0 0 0 Total non-qualifying hedges (5,649 ) 0 (2 ) 0 0 0 Total $ (5,626 ) $ (70 ) $ (97 ) $ (23 ) $ 20 $ 50 __________ (1) Amounts deferred in AOCI. (2) Relates to the sale of equity method investments. For the years ended December 31, 2015 , 2014 and 2013 , the ineffective portion of derivatives accounted for using hedge accounting was not material to the Company’s results of operations. Also, there were no material amounts reclassified into earnings relating to instances in which the Company discontinued cash flow hedge accounting because the forecasted transaction did not occur by the anticipated date or within the additional time period permitted by the authoritative guidance for the accounting for derivatives and hedging. In addition, there were no instances in which the Company discontinued fair value hedge accounting due to a hedged firm commitment no longer qualifying as a fair value hedge. Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in millions) Balance, December 31, 2012 $ (257 ) Net deferred gains (losses) on cash flow hedges from January 1 to December 31, 2013 (317 ) Amount reclassified into current period earnings 128 Balance, December 31, 2013 (446 ) Net deferred gains (losses) on cash flow hedges from January 1 to December 31, 2014 706 Amount reclassified into current period earnings (54 ) Balance, December 31, 2014 206 Net deferred gains (losses) on cash flow hedges from January 1 to December 31, 2015 1,199 Amount reclassified into current period earnings (240 ) Balance, December 31, 2015 $ 1,165 Using December 31, 2015 values, it is estimated that a pre-tax gain of approximately $106 million will be reclassified from AOCI to earnings during the subsequent twelve months ending December 31, 2016 , offset by amounts pertaining to the hedged items. As of December 31, 2015 , the Company does not have any qualifying cash flow hedges of forecasted transactions other than those related to the variability of the payment or receipt of interest or foreign currency amounts on existing financial instruments. The maximum length of time for which these variable cash flows are hedged is 30 years . Income amounts deferred in AOCI as a result of cash flow hedges are included in “Net unrealized investment gains (losses)” in the Consolidated Statements of Comprehensive Income. For effective net investment hedges, the amounts, before applicable taxes, recorded in the cumulative translation adjustment account within AOCI were $541 million in 2015 , $501 million in 2014 and $356 million in 2013 . Credit Derivatives Credit derivatives, where the Company has written credit protection on a single name reference, had outstanding notional amounts of $106 million and $5 million as of December 31, 2015 and 2014 , respectively. These credit derivatives are reported at fair value as a liability of $3 million and an asset of less than $1 million , as of December 31, 2015 and 2014 , respectively. As of December 31, 2015 , these credit derivatives’ notionals had the following NAIC ratings: $37 million in NAIC 1, $60 million in NAIC 2, $4 million in NAIC 3, $2 million in NAIC 5 and $3 million in NAIC 6. The Company has also written credit protection on certain index references with notional amounts of $701 million and $1,544 million , reported at fair value as a liability of $24 million and $2 million as of December 31, 2015 and December 31, 2014 , respectively. As of December 31, 2015 , these credit derivatives’ notionals had the following NAIC ratings: $450 million in NAIC 1 and $251 million in NAIC 5. As of December 31, 2014 , these credit derivatives’ notionals had a designation of NAIC 3. NAIC designations are based on the lowest rated single name reference included in the index. The Company’s maximum amount at risk under these credit derivatives equals the aforementioned notional amounts and assumes the value of the underlying referenced securities become worthless. These single name credit derivatives have maturities of less than 5 years , while the credit protection on the index references have maturities of less than 42 years . This excludes a credit derivative related to surplus notes issued by a subsidiary of Prudential Insurance. The Company also entered into a credit derivative that will require the Company to make certain payments in the event of deterioration in the value of the surplus notes issued by a subsidiary of Prudential Insurance. The notional amount of this credit derivative is $500 million and the fair value as of December 31, 2015 and 2014 , was a liability of $15 million and $4 million , respectively. No collateral was pledged in either period. In addition to writing credit protection, the Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio. As of December 31, 2015 and 2014 , the Company had $532 million and $573 million of outstanding notional amounts reported at fair value as a liability of $8 million and $17 million , respectively. Counterparty Credit Risk The Company is exposed to credit-related losses in the event of non-performance by counterparties to financial derivative transactions. The Company manages credit risk by entering into derivative transactions with highly rated major international financial institutions and other creditworthy counterparties, and by obtaining collateral, such as cash and securities, when appropriate. Additionally, limits are set on single party credit exposures which are subject to periodic management review. The credit exposure of the Company’s OTC derivative transactions is represented by the contracts with a positive fair value at the reporting date. To reduce credit exposures, the Company seeks to (i) enter into OTC derivative transactions pursuant to master agreements that provide for a netting of payments and receipts with a single counterparty and (ii) enter into agreements that allow the use of credit support annexes, which are bilateral rating-sensitive agreements that require collateral postings at established threshold levels. Cleared derivatives are transactions between the Company and a counterparty where the transactions are cleared through a clearinghouse, such that each derivative counterparty is only exposed to the default of the clearinghouse. These cleared transactions require initial and daily variation margin collateral postings and include certain interest rate swaps and credit default swaps entered into on or after June 10, 2013, related to guidelines under Dodd-Frank. The Company also enters into exchange-traded futures and certain options transactions through regulated exchanges and these transactions are settled on a daily basis, thereby reducing credit risk exposure in the event of non-performance by counterparties to such financial instruments. Under fair value measurements, the Company incorporates the market’s perception of its own and the counterparty’s NPR in determining the fair value of the portion of its OTC derivative assets and liabilities that are uncollateralized. Credit spreads are applied to the derivative fair values on a net basis by counterparty. To reflect the Company’s own credit spread a proxy based on relevant debt spreads is applied to OTC derivative net liability positions. Similarly, the Company’s counterparty’s credit spread is applied to OTC derivative net asset positions. Certain of the Company’s derivative agreements with some of its counterparties contain credit-rating related triggers. If the Company’s credit rating were to fall below a certain level, the counterparties to the derivative instruments could request termination at the then fair value of the derivative or demand immediate full collateralization on derivative instruments in net liability positions. As of December 31, 2015 , there were no net liability derivative positions with counterparties with credit-risk-related contingent features. As such, the Company has not posted any collateral related to these positions and the Company would not be required to post any additional collateral to the counterparties if the credit-risk-related contingent features underlying these agreements had been triggered as of December 31, 2015 .

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Segments As discussed in Note 1, from December 18, 2001, the date of demutualization, through December 31, 2014, the Company organized its principal operations into the Financial Services Businesses and the Closed Block Business. As a result of the Class B Repurchase on January 2, 2015, the Company no longer organizes its principal operations into the Financial Services Businesses and the Closed Block Business. The Company operates through four divisions, which together encompass seven reportable segments, and its Corporate and Other operations. U.S. Retirement Solutions and Investment Management division. The U.S. Retirement Solutions and Investment Management division consists of the Individual Annuities, Retirement, and Asset Management segments. The Individual Annuities segment manufactures and distributes individual variable and fixed annuity products, primarily to the U.S. mass affluent market. The Retirement segment manufactures and distributes products and provides administrative services for qualified and non-qualified retirement plans and offers innovative pension risk transfer solutions, investment-only stable value products, guaranteed investment contracts, funding agreements, institutional and retail notes, structured settlement annuities and other group annuities. The Asset Management segment provides a broad array of investment management and advisory services by means of institutional portfolio management, mutual funds, asset securitization activity and other structured products, and strategic investments. These products and services are provided to the public and private marketplace, as well as to other segments of the Company. U.S. Individual Life and Group Insurance division. The U.S. Individual Life and Group Insurance division consists of the Individual Life and Group Insurance segments. The Individual Life segment manufactures and distributes individual variable life, term life and universal life insurance products primarily to the U.S. mass middle, mass affluent and affluent markets. The Individual Life segment also includes the results of the Hartford Life Business acquired on January 2, 2013. The Group Insurance segment manufactures and distributes a full range of group life, long-term and short-term group disability, and group corporate-, bank- and trust-owned life insurance in the U.S. primarily to institutional clients for use in connection with employee plans and affinity groups. International Insurance division. The International Insurance division consists of the International Insurance segment, which manufactures and distributes individual life insurance, retirement and related products to the mass affluent and affluent markets in Japan, Korea and other foreign countries through its Life Planner operations. In addition, similar products are offered to the broad middle income market across Japan through Life Consultants, the proprietary distribution channel of the Company’s Gibraltar Life operation, as well as other channels, including banks and independent agencies. Corporate and Other. Corporate and Other includes items and initiatives that are not allocated to business segments, and divested businesses. Corporate operations consist primarily of: (1) capital that is not deployed in any business segments; (2) investments not allocated to business segments, including debt-financed investment portfolios, as well as tax credit investments and other tax enhanced investments financed by business segments; (3) capital debt that is used or will be used to meet the capital requirements of the Company and the related interest expense; (4) the Company’s qualified pension and other employee benefit plans, after allocations to business segments; (5) corporate-level activities, after allocations to business segments, including corporate governance, corporate advertising, philanthropic activities, deferred compensation, and costs related to certain contingencies and enhanced regulatory supervision; (6) certain retained obligations relating to pre-demutualization policyholders; (7) a life insurance joint venture and an asset management joint venture in China; (8) the Company’s capital protection framework; (9) the foreign currency income hedging program used to hedge certain non-U.S. dollar-denominated earnings in our International Insurance segment; and (10) transactions with and between other segments. Closed Block division . The Closed Block division includes certain in force participating insurance and annuity products and corresponding assets that are used for the payment of benefits, expenses and policyholders’ dividends related to these products, as well as certain related assets and liabilities. In connection with demutualization, the Company ceased offering these participating products. The Closed Block division is accounted for as a divested business that is reported separately from the divested businesses that are included in the Company’s Corporate and Other operations. See Note 12 for additional information on the Closed Block. Segment Accounting Policies. The accounting policies of the segments are the same as those described in Note 2. Results for each segment include earnings on attributed equity established at a level which management considers necessary to support each segment’s risks. Operating expenses specifically identifiable to a particular segment are allocated to that segment as incurred. Operating expenses not identifiable to a specific segment that are incurred in connection with the generation of segment revenues are generally allocated based upon the segment’s historical percentage of general and administrative expenses. For information related to significant acquisitions and dispositions, see Note 3. For information related to the adoption of new accounting pronouncements, see Note 2. The segments’ results in prior years have been revised for these items, as applicable, to conform to the current year presentation. Adjusted Operating Income The Company analyzes the operating performance of each segment using “adjusted operating income.” Adjusted operating income does not equate to “Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures” or “Net income (loss)” as determined in accordance with U.S. GAAP but is the measure of segment profit or loss used by the Company’s chief operating decision maker to evaluate segment performance and allocate resources, and consistent with authoritative guidance, is the measure of segment performance presented below. Adjusted operating income is calculated by adjusting each segment’s “Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures” for the following items, which are described in greater detail below: • realized investment gains (losses), net, and related charges and adjustments; • net investment gains (losses) on trading account assets supporting insurance liabilities and changes in experience-rated contractholder liabilities due to asset value changes; • the contribution to income (loss) of divested businesses that have been or will be sold or exited, including businesses that have been placed in wind down status, but that did not qualify for “discontinued operations” accounting treatment under U.S. GAAP; and • equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests. These items are important to an understanding of overall results of operations. Adjusted operating income is not a substitute for income determined in accordance with U.S. GAAP, and the Company’s definition of adjusted operating income may differ from that used by other companies. However, the Company believes that the presentation of adjusted operating income as measured for management purposes enhances the understanding of results of operations by highlighting the results from ongoing operations and the underlying profitability factors of its businesses. In addition, as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2014, during 2014, the Company recorded out of period adjustments resulting in an aggregate net decrease of $193 million to “Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures.” Subsequent to 2014, the Company identified and recorded additional out of period adjustments of $84 million related to 2014, primarily reflecting a benefit from the release of reserves related to certain variable annuities products with optional living benefit guarantees. The impact of these items resulted in a decrease in pre-tax adjusted operating income of $193 million for the year ended December 31, 2014, principally consisting of a net decrease of $84 million for the Group Insurance segment and $73 million for the International Insurance segment. Realized investment gains (losses), net, and related charges and adjustments Realized investment gains (losses), net Adjusted operating income excludes “Realized investment gains (losses), net,” except for certain items described below. Significant activity excluded from adjusted operating income includes impairments and credit-related gains (losses) from sales of securities, the timing of which depends largely on market credit cycles and can vary considerably across periods, and interest rate-related gains (losses) from sales of securities, which are largely subject to the Company’s discretion and influenced by market opportunities, as well as the Company’s tax and capital profile. Additionally, certain gains (losses) pertaining to derivative contracts that do not qualify for hedge accounting treatment are also excluded from adjusted operating income. Trends in the underlying profitability of the Company’s businesses can be more clearly identified without the fluctuating effects of these transactions. The following table sets forth the significant components of “Realized investment gains (losses), net” that are included in adjusted operating income and, as a result, are reflected as adjustments to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income: Year Ended December 31, 2015 2014 2013 (in millions) Net gains (losses) from(1): Terminated hedges of foreign currency earnings $ 284 $ 293 $ 240 Current period yield adjustments $ 475 $ 476 $ 445 Principal source of earnings $ 123 $ 100 $ 122 __________ (1) In addition to the items in the table above, “Realized investment gains (losses), net, and related charges and adjustments” also includes an adjustment to reflect “Realized investment gains (losses), net” related to divested businesses as results of “Divested businesses,” discussed below. Terminated Hedges of Foreign Currency Earnings. The amounts shown in the table above primarily reflect the impact of an intercompany arrangement between Corporate and Other operations and the International Insurance segment, pursuant to which the non-U.S. dollar-denominated earnings in all countries for a particular year, including its interim reporting periods, are translated at fixed currency exchange rates. The fixed rates are determined in connection with a currency hedging program designed to mitigate the risk that unfavorable rate changes will reduce the segment’s U.S. dollar-equivalent earnings. Pursuant to this program, the Company’s Corporate and Other operations may execute forward currency contracts with third parties to sell the net exposure of projected earnings from the hedged currency in exchange for U.S. dollars at a specified exchange rate. The maturities of these contracts correspond with the future periods in which the identified non-U.S. dollar-denominated earnings are expected to be generated. These contracts do not qualify for hedge accounting under U.S. GAAP, so the resulting profits or losses are recorded in “Realized investment gains (losses), net.” When the contracts are terminated in the same period that the expected earnings emerge, the resulting positive or negative cash flow effect is included in adjusted operating income. Current Period Yield Adjustments. The Company uses interest rate and currency swaps and other derivatives to manage interest and currency exchange rate exposures arising from mismatches between assets and liabilities, including duration mismatches. For derivative contracts that do not qualify for hedge accounting treatment, the periodic swap settlements, as well as certain other derivative related yield adjustments are recorded in “Realized investment gains (losses), net,” and are included in adjusted operating income to reflect the after-hedge yield of the underlying instruments. In certain instances, when these derivative contracts are terminated or offset before their final maturity, the resulting realized gains or losses are recognized in adjusted operating income over periods that generally approximate the expected terms of the derivatives or underlying instruments in order for adjusted operating income to reflect the after-hedge yield of the underlying instruments. Included in the amounts shown in the table above are gains on certain derivative contracts that were terminated or offset before their final maturity of $55 million , $105 million and $72 million for the years ended 2015 , 2014 and 2013 , respectively. As of December 31, 2015 , there was a $182 million deferred net gain related to certain derivative contracts that were terminated or offset before their final maturity, primarily in the International Insurance segment. Also included in the amounts shown in the table above are fees related to synthetic GICs of $158 million , $168 million and $157 million for the years ended 2015 , 2014 and 2013 , respectively. Synthetic GICs are accounted for as derivatives under U.S. GAAP and, therefore, these fees are recorded in “Realized investment gains (losses), net.” See Note 21 for additional information on synthetic GICs. Principal Source of Earnings. The Company conducts certain activities for which realized investment gains (losses) are a principal source of earnings for its businesses and therefore included in adjusted operating income, particularly within the Company’s Asset Management segment. For example, Asset Management’s strategic investing business makes investments for sale or syndication to other investors or for placement or co-investment in the Company’s managed funds and structured products. The realized investment gains (losses) associated with the sale of these strategic investments, as well as the majority of derivative results, are a principal activity for this business and included in adjusted operating income. In addition, the realized investment gains (losses) associated with loans originated by the Company’s commercial mortgage operations, as well as related derivative results and retained mortgage servicing rights, are a principal activity for this business and included in adjusted operating income. Other items reflected as adjustments to Realized investment gains (losses), net The following table sets forth certain other items excluded from adjusted operating income and reflected as an adjustment to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income: Year Ended December 31, 2015 2014 2013 (in millions) Net gains (losses) from: Other trading account assets $ (94 ) $ (21 ) $ 168 Foreign currency exchange movements $ 69 $ (3,023 ) $ (4,060 ) Other activities $ 9 $ 13 $ 167 Other Trading Account Assets. The Company has certain investments in its general account portfolios that are classified as trading. These trading investments are carried at fair value and included in “Other trading account assets, at fair value” on the Company’s Consolidated Statements of Financial Position. Realized and unrealized gains (losses) for these investments are recorded in “Other income.” Consistent with the exclusion of realized investment gains (losses) with respect to other investments managed on a consistent basis, the net gains or losses on these investments are excluded from adjusted operating income. Foreign Currency Exchange Movements. The Company has certain assets and liabilities for which, under U.S. GAAP, the changes in value, including those associated with changes in foreign currency exchange rates during the period, are recorded in “Other income.” To the extent the foreign currency exposure on these assets and liabilities is economically hedged or considered part of the Company’s capital funding strategies for its international subsidiaries, the change in value included in “Other income” is excluded from adjusted operating income. The amounts in the table above for the years ended 2014 and 2013, were largely driven by non-yen denominated insurance liabilities in the Company’s Japanese insurance operations. The insurance liabilities are supported by investments denominated in corresponding currencies, including a significant portion designated as available-for-sale. While these non-yen denominated assets and liabilities are economically hedged, unrealized gains (losses) on available-for-sale investments, including those arising from foreign currency exchange rate movements, are recorded in “Accumulated other comprehensive income (loss)” under U.S. GAAP, while the non-yen denominated liabilities are re-measured for foreign currency exchange rate movements, with the related change in value recorded in earnings within “Other income.” Due to this non-economic volatility that has been reflected in U.S. GAAP earnings, the change in value recorded within “Other income” is excluded from adjusted operating income. As a result of continued growth in these portfolios, the Company implemented a reporting structure in Gibraltar Life that disaggregated the U.S. and Australian dollar-denominated businesses into separate divisions, each with its own functional currency that aligns with the underlying products and investments. The new structure was effective for financial reporting beginning in the first quarter of 2015 and has minimized volatility in reported U.S. GAAP earnings arising from foreign currency remeasurement. Other Activities. The Company excludes certain other items from adjusted operating income that are consistent with similar adjustments described above. The significant items within other activities shown in the table above included the following: In connection with disputes arising out of the Chapter 11 bankruptcy petition filed by Lehman Brothers Holdings Inc., the Company previously recorded losses related to a portion of its counterparty exposure on derivative transactions it had previously held with Lehman Brothers and its affiliates. The Company recorded estimated recoveries related to this matter of $0 million , $19 million and $146 million for the years ended 2015 , 2014 and 2013 , respectively. These recoveries are recorded within “Other income” within the Company’s Corporate and Other operations. Consistent with the exclusion of credit-related losses recorded in “Realized investment gains (losses), net,” the impact of this estimated recovery is excluded from adjusted operating income. The Company records valuation adjustments for NPR that relates to the uncollateralized portion of certain derivative contracts between a subsidiary of the Company and third parties and liquidity risk associated with certain derivatives. These adjustments are recorded within “Other income.” Consistent with the exclusion of the mark-to-market on derivatives recorded in “Realized investment gains (losses), net,” the impact of these risks is excluded from adjusted operating income. The net impact of these risks was to exclude from adjusted operating income net gains of $8 million , net losses of $1 million and net gains of $30 million for the years ended 2015 , 2014 and 2013 , respectively. Related charges Charges that relate to realized investment gains (losses) are also excluded from adjusted operating income, and include the following: • The portion of the amortization of DAC, VOBA, unearned revenue reserves and DSI for certain products that is related to net realized investment gains (losses). • Policyholder dividends and interest credited to policyholders’ account balances that relate to certain life policies that pass back certain realized investment gains (losses) to the policyholder, and reserves for future policy benefits for certain policies that are affected by net realized investment gains (losses). • Market value adjustments paid or received upon a contractholder’s surrender of certain of the Company’s annuity products as these amounts mitigate the net realized investment gains or losses incurred upon the disposition of the underlying invested assets. Investment gains (losses) on trading account assets supporting insurance liabilities and changes in experience-rated contractholder liabilities due to asset value changes Certain products included in the Retirement and International Insurance segments are experience-rated in that investment results associated with these products are expected to ultimately accrue to contractholders. The majority of investments supporting these experience-rated products are classified as trading and are carried at fair value, with realized and unrealized gains (losses) reported in “Other income.” To a lesser extent, these experience-rated products are also supported by derivatives and commercial mortgage and other loans. The derivatives are carried at fair value, with realized and unrealized gains (losses) reported in “Realized investment gains (losses), net.” The commercial mortgage and other loans are carried at unpaid principal, net of unamortized discounts and an allowance for losses, with gains (losses) on sales and changes in the valuation allowance for commercial mortgage and other loans reported in “Realized investment gains (losses), net.” Adjusted operating income excludes net investment gains (losses) on trading account assets supporting insurance liabilities, which is consistent with the exclusion of realized investment gains (losses) with respect to other investments supporting insurance liabilities managed on a consistent basis. In addition, to be consistent with the historical treatment of charges related to realized investment gains (losses) on investments, adjusted operating income also excludes the change in contractholder liabilities due to asset value changes in the pool of investments (including changes in the fair value of commercial mortgage and other loans) supporting these experience-rated contracts, which are reflected in “Interest credited to policyholders’ account balances.” These adjustments are in addition to the exclusion from adjusted operating income of net investment gains (losses) on the related derivatives and commercial mortgage and other loans through “Realized investment gains (losses), net, and related charges and adjustments,” as discussed above. The result of this approach is that adjusted operating income for these products includes net fee revenue and interest spread the Company earns on these experience-rated contracts, and excludes changes in fair value of the pool of investments, both realized and unrealized, that are expected to ultimately accrue to the contractholders. Divested businesses The contribution to income (loss) of divested businesses that have been or will be sold or exited, including businesses that have been placed in wind down, but that did not qualify for “discontinued operations” accounting treatment under U.S. GAAP, are excluded from adjusted operating income as the results of divested businesses are not considered relevant to understanding the Company’s ongoing operating results. As discussed in Note 1, the Class B Repurchase on January 2, 2015 resulted in the elimination of the separate reporting of the Company’s former Financial Services Businesses and Closed Block Business. As a result of the Class B Repurchase, for the year ended December 31, 2015, the Closed Block division, which is comprised of the Closed Block segment, has been accounted for as a divested business because it consists primarily of certain participating insurance and annuity products that the Company ceased selling at demutualization in 2001. See Note 12 for further information on the Closed Block. For reporting periods through December 31, 2014, the Closed Block segment was reported as the Closed Block Business and was analyzed using U.S. GAAP rather than adjusted operating income. Both the current reporting of the Closed Block division and the historic reporting of the Closed Block Business exclude its results from adjusted operating income. Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests Equity in earnings of operating joint ventures, on a pre-tax basis, are included in adjusted operating income as these results are a principal source of earnings. These earnings are reflected on a U.S. GAAP basis on an after-tax basis as a separate line on the Company’s Consolidated Statements of Operations. Earnings attributable to noncontrolling interests are excluded from adjusted operating income. Earnings attributable to noncontrolling interests represents the portion of earnings from consolidated entities that relates to the equity interests of minority investors, and are reflected on a U.S. GAAP basis as a separate line on the Company’s Consolidated Statements of Operations. Reconciliation of adjusted operating income and net income (loss) The table below reconciles adjusted operating income before income taxes to income from continuing operations before income taxes and equity in earnings of operating joint ventures: Year ended December 31, 2015 2014 2013 (in millions) Adjusted Operating Income before income taxes by Segment: Individual Annuities $ 1,797 $ 1,467 $ 2,085 Retirement 931 1,215 1,039 Asset Management 779 785 723 Total U.S. Retirement Solutions and Investment Management division 3,507 3,467 3,847 Individual Life 635 498 583 Group Insurance 176 23 157 Total U.S. Individual Life and Group Insurance division 811 521 740 International Insurance 3,226 3,252 3,152 Total International Insurance division 3,226 3,252 3,152 Corporate and Other operations (1,313 ) (1,348 ) (1,370 ) Total Corporate and Other (1,313 ) (1,348 ) (1,370 ) Total Adjusted Operating Income before income taxes 6,231 5,892 6,369 Reconciling Items: Realized investment gains (losses), net, and related adjustments 2,258 (3,588 ) (9,956 ) Charges related to realized investment gains (losses), net (679 ) (542 ) 1,807 Investment gains (losses) on trading account assets supporting insurance liabilities, net (524 ) 339 (250 ) Change in experience-rated contractholder liabilities due to asset value changes 433 (294 ) 227 Divested businesses: Closed Block division(1) 58 0 0 Other divested businesses (66 ) 167 29 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests 58 44 28 Subtotal(2) 7,769 2,018 (1,746 ) Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures for Closed Block Business(3) 0 (259 ) 62 Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures $ 7,769 $ 1,759 $ (1,684 ) __________ (1) As a result of the Class B Repurchase, for the year ended December 31, 2015, the Closed Block, along with certain related assets and liabilities, comprises the Closed Block division, which is accounted for as a divested business that is reported separately from the divested businesses that are included in Corporate and Other operations. (2) Amounts for the years ended December 31, 2014 and 2013 represent “Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures” of the Company’s former Financial Services Businesses, reflecting the existence of two classes of common stock and the separate reporting of the Financial Services Businesses and the Closed Block Business for each period. (3) Reflects the existence of two classes of common stock and the separate reporting of the Company’s former Financial Services Businesses and the Closed Block Business for the years ended December 31, 2014 and 2013. The Individual Annuities segment results reflect DAC as if the individual annuity business is a stand-alone operation. The elimination of intersegment costs capitalized in accordance with this policy is included in consolidating adjustments within Corporate and Other operations. Reconciliation of select financial information The tables below present certain financial information for the Company’s reportable segments: As of December 31, 2015 2014 (in millions) Total Assets: Individual Annuities $ 169,447 $ 174,951 Retirement 171,183 179,674 Asset Management 54,491 50,214 Total U.S. Retirement Solutions and Investment Management division 395,121 404,839 Individual Life 71,856 70,152 Group Insurance 39,344 41,125 Total U.S. Individual Life and Group Insurance division 111,200 111,277 International Insurance 175,153 171,635 Total International Insurance division 175,153 171,635 Corporate and Other operations 13,787 8,013 Total Corporate and Other 13,787 8,013 Closed Block(1) 62,127 70,891 Total Closed Block division(1) 62,127 70,891 Total per Consolidated Statements of Financial Position $ 757,388 $ 766,655 __________ (1) As of December 31, 2014, represents assets of the former Closed Block Business. Year Ended December 31, 2015 Revenues Net Investment Income Policyholders’ Benefits Interest Credited to Policyholders’ Account Balances Dividends to Policyholders Interest Expense Amortization of DAC (in millions) Individual Annuities $ 4,695 $ 603 $ 314 $ 363 $ 0 $ 69 $ 465 Retirement 11,821 4,082 8,352 1,441 (2 ) 25 66 Asset Management 2,944 111 0 0 0 10 19 Total U.S. Retirement Solutions and Investment Management division 19,460 4,796 8,666 1,804 (2 ) 104 550 Individual Life 5,233 1,669 2,245 644 33 550 133 Group Insurance 5,143 586 3,868 257 0 8 6 Total U.S. Individual Life and Group Insurance division 10,376 2,255 6,113 901 33 558 139 International Insurance 19,364 4,357 11,821 880 51 5 989 Total International Insurance division 19,364 4,357 11,821 880 51 5 989 Corporate and Other operations (570 ) 550 16 0 0 635 (47 ) Total Corporate and Other (570 ) 550 16 0 0 635 (47 ) Total 48,630 11,958 26,616 3,585 82 1,302 1,631 Reconciling items: Realized investment gains (losses), net, and related adjustments 2,258 1 0 0 0 0 0 Charges related to realized investment gains (losses), net (31 ) 0 39 191 0 0 452 Investment gains (losses) on trading account assets supporting insurance liabilities, net (524 ) 0 0 0 0 0 0 Change in experience-rated contractholder liabilities due to assets value changes 0 0 0 (433 ) 0 0 0 Divested businesses: Closed Block division(1) 6,160 2,653 3,365 135 2,130 1 37 Other divested businesses 638 217 607 1 0 3 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (12 ) 0 0 0 0 0 0 Total per Consolidated Statements of Operations $ 57,119 $ 14,829 $ 30,627 $ 3,479 $ 2,212 $ 1,306 $ 2,120 __________ (1) As a result of the Class B Repurchase, for the year ended December 31, 2015, the Closed Block, along with certain related assets and liabilities, comprises the Closed Block division, which is accounted for as a divested business that is reported separately from the divested businesses that are included in Corporate and Other operations. Year Ended December 31, 2014 Revenues Net Investment Income Policyholders’ Benefits Interest Credited to Policyholders’ Account Balances Dividends to Policyholders Interest Expense Amortization of DAC (in millions) Individual Annuities $ 4,710 $ 630 $ 481 $ 429 $ 0 $ 107 $ 543 Retirement 12,077 4,209 8,336 1,476 0 25 31 Asset Management 2,840 120 0 0 0 10 20 Total U.S. Retirement Solutions and Investment Management division 19,627 4,959 8,817 1,905 0 142 594 Individual Life 5,226 1,620 2,108 606 32 533 345 Group Insurance 5,357 613 4,215 248 0 9 8 Total U.S. Individual Life and Group Insurance division 10,583 2,233 6,323 854 32 542 353 International Insurance 20,066 4,434 12,234 961 50 4 961 Total International Insurance division 20,066 4,434 12,234 961 50 4 961 Corporate and Other operations (632 ) 420 83 0 0 620 (55 ) Total Corporate and Other (632 ) 420 83 0 0 620 (55 ) Total 49,644 12,046 27,457 3,720 82 1,308 1,853 Reconciling items: Realized investment gains (losses), net, and related adjustments (3,588 ) (5 ) 0 0 0 0 0 Charges related to realized invest

Commitments and Guarantees, Con

Commitments and Guarantees, Contingent Liabilities and Litigation and Regulatory Matters	12 Months Ended
	Dec. 31, 2015
Commitments And Guarantees And Contingent Liabilities [Abstract]
Commitments and Guarantees, Contingent Liabilities and Litigation and Regulatory Matters	COMMITMENTS AND GUARANTEES, CONTINGENT LIABILITIES AND LITIGATION AND REGULATORY MATTERS Leases The Company occupies leased office space in many locations under various long-term leases and has entered into numerous leases covering the long-term use of computers and other equipment. Rental expense, net of sub-lease income, incurred for the years ended December 31, 2015 , 2014 and 2013 was $232 million , $225 million and $253 million , respectively. The following table presents, at December 31, 2015 , the Company’s future minimum lease payments under non-cancelable operating and capital leases along with associated sub-lease income: Operating and Capital Leases(1) Sub-lease Income (in millions) 2016 $ 131 $ (1 ) 2017 117 0 2018 92 0 2019 74 0 2020 53 0 2021 and thereafter 198 0 Total $ 665 $ (1 ) __________ (1) Future minimum lease payments under capital leases were $ 22 million as of December 31, 2015 . Occasionally, for business reasons, the Company may exit certain non-cancelable operating leases prior to their expiration. In these instances, the Company’s policy is to accrue, at the time it ceases to use the property being leased, the future rental expense net of any expected sub-lease income, and to release this reserve over the remaining commitment period. Of the total non-cancelable operating and capital leases amounts listed above, $2 million has been accrued as of December 31, 2015 . There were no accruals of sub-lease income as of December 31, 2015 . Commercial Mortgage Loan Commitments As of December 31, 2015 2014 (in millions) Total outstanding mortgage loan commitments $ 2,272 $ 2,442 Portion of commitment where prearrangement to sell to investor exists $ 721 $ 958 In connection with the Company’s commercial mortgage operations, it originates commercial mortgage loans. Commitments for loans that will be held for sale are recognized as derivatives and recorded at fair value. In certain of these transactions, the Company pre-arranges that it will sell the loan to an investor, including to government sponsored entities as discussed below, after the Company funds the loan. Commitments to Purchase Investments (excluding Commercial Mortgage Loans) As of December 31, 2015 2014 (in millions) Expected to be funded from the general account and other operations outside the separate accounts(1) $ 3,787 $ 4,883 Expected to be funded from separate accounts $ 92 $ 28 __________ (1) Includes a remaining commitment of $152 million and $194 million at December 31, 2015 and 2014 , respectively, related to the Company’s agreement to co-invest with the Fosun Group (“Fosun”) in a private equity fund, managed by Fosun, for the Chinese marketplace. The Company has other commitments to purchase or fund investments, some of which are contingent upon events or circumstances not under the Company’s control, including those at the discretion of the Company’s counterparties. The Company anticipates a portion of these commitments will ultimately be funded from its separate accounts. Indemnification of Securities Lending Transactions As of December 31, 2015 2014 (in millions) Indemnification provided to mutual fund, trust fund, and insurance company separate account clients for securities lending $ 15,084 $ 14,334 Fair value of related collateral associated with above indemnifications $ 15,508 $ 14,740 Accrued liability associated with guarantee $ 0 $ 0 In the normal course of business, the Company may facilitate securities lending transactions on behalf of mutual funds, trust funds, and insurance company separate account clients (collectively, “the accounts”) for which the Company is the investment advisor and/or the asset manager. In certain of these arrangements, the Company has provided an indemnification to the accounts to hold them harmless against losses caused by counterparty (i.e., borrower) defaults associated with the securities lending activity facilitated by the Company. Collateral is provided by the counterparty to the accounts at the inception of the loan equal to or greater than 102% of the fair value of the loaned securities and the collateral is maintained daily at 102% or greater of the fair value of the loaned securities. The Company is only at risk if the counterparty to the securities lending transaction defaults and the value of the collateral held is less than the value of the securities loaned to such counterparty. The Company believes the possibility of any payments under these indemnities is remote. Credit Derivatives Written As discussed further in Note 21, the Company writes credit derivatives under which the Company is obligated to pay the counterparty the referenced amount of the contract and receive in return the defaulted security or similar security. Guarantees of Asset Values As of December 31, 2015 2014 (in millions) Guaranteed value of third parties’ assets $ 72,585 $ 74,707 Fair value of collateral supporting these assets $ 73,634 $ 76,711 Asset associated with guarantee, carried at fair value $ 7 $ 6 Certain contracts underwritten by the Retirement segment include guarantees related to financial assets owned by the guaranteed party. These contracts are accounted for as derivatives and carried at fair value. The collateral supporting these guarantees is not reflected on the Company’s balance sheet. Guarantees of Credit Enhancements As of December 31, 2015 2014 (in millions) Guarantees of credit enhancements of debt instruments associated with commercial real estate assets $ 24 $ 5 Fair value of collateral that secure the guarantee $ 25 $ 8 Accrued liability associated with guarantee $ 0 $ 0 The Company arranges for credit enhancements of certain debt instruments that provide financing primarily for affordable multi-family real estate assets, including certain tax-exempt bond financings. The credit enhancements provide assurances to the debt holders as to the timely payment of amounts due under the debt instruments. The remaining contractual maturities for these guarantees are up to fifteen years . The Company’s obligations to reimburse required credit enhancement payments are secured by mortgages on the related real estate. The Company receives certain ongoing fees for providing these enhancement arrangements and anticipates the extinguishment of its obligation under these enhancements prior to maturity through the aggregation and transfer of its positions to a substitute enhancement provider. Indemnification of Serviced Mortgage Loans As of December 31, 2015 2014 (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 1,200 $ 1,248 First-loss exposure portion of above $ 371 $ 388 Accrued liability associated with guarantees $ 14 $ 16 As part of the commercial mortgage activities of the Company’s Asset Management segment, the Company provides commercial mortgage origination, underwriting and servicing for certain government sponsored entities, such as Fannie Mae and Freddie Mac. The Company has agreed to indemnify the government sponsored entities for a portion of the credit risk associated with certain of the mortgages it services through a delegated authority arrangement. Under these arrangements, the Company originates multi-family mortgages for sale to the government sponsored entities based on underwriting standards they specify, and makes payments to them for a specified percentage share of losses they incur on certain loans serviced by the Company. The Company’s percentage share of losses incurred generally varies from 2% to 20% of the loan balance, and is typically based on a first-loss exposure for a stated percentage of the loan balance, plus a shared exposure with the government sponsored entity for any losses in excess of the stated first-loss percentage, subject to a contractually specified maximum percentage. The Company services $9,833 million of mortgages subject to these loss-sharing arrangements as of December 31, 2015 , all of which are collateralized by first priority liens on the underlying multi-family residential properties. As of December 31, 2015 , these mortgages had a weighted average debt service coverage ratio of 1.96 times and a weighted average loan-to-value ratio of 61% . The Company’s total share of losses related to indemnifications that were settled was $1 million , $1 million , and $0 million for the years ended December 31, 2015 , 2014 , and 2013 , respectively. Other Guarantees As of December 31, 2015 2014 (in millions) Other guarantees where amount can be determined $ 324 $ 331 Accrued liability for other guarantees and indemnifications $ 4 $ 5 The Company is also subject to other financial guarantees and indemnity arrangements. The Company has provided indemnities and guarantees related to acquisitions, dispositions, investments and other transactions that are triggered by, among other things, breaches of representations, warranties or covenants provided by the Company. These obligations are typically subject to various time limitations, defined by the contract or by operation of law, such as statutes of limitation. In some cases, the maximum potential obligation is subject to contractual limitations, while in other cases such limitations are not specified or applicable. Included above are $317 million and $323 million as of December 31, 2015 and 2014 , respectively, of yield maintenance guarantees related to certain investments the Company sold. The Company does not expect to make any payments on these guarantees and is not carrying any liabilities associated with these guarantees. Since certain of these obligations are not subject to limitations, it is not possible to determine the maximum potential amount due under these guarantees. The accrued liabilities identified above do not include retained liabilities associated with sold businesses. Insolvency Assessments Most of the jurisdictions in which the Company is admitted to transact business require insurers doing business within the jurisdiction to participate in guarantee associations, which are organized to pay contractual benefits owed pursuant to insurance policies issued by impaired, insolvent or failed insurers. These associations levy assessments, up to prescribed limits, on all member insurers in a particular state on the basis of the proportionate share of the premiums written by member insurers in the lines of business in which the impaired, insolvent or failed insurer engaged. Some states permit member insurers to recover assessments paid through full or partial premium tax offsets. In addition, Japan has established the Japan Policyholders Protection Corporation as a contingency to protect policyholders against the insolvency of life insurance companies in Japan through assessments to companies licensed to provide life insurance. Assets and liabilities held for insolvency assessments were as follows: As of December 31, 2015 2014 (in millions) Other assets: Premium tax offset for future undiscounted assessments $ 79 $ 92 Premium tax offsets currently available for paid assessments 6 6 Total $ 85 $ 98 Other liabilities: Insolvency assessments $ 39 $ 39 Contingent Liabilities On an ongoing basis, the Company’s internal supervisory and control functions review the quality of sales, marketing and other customer interface procedures and practices and may recommend modifications or enhancements. From time to time, this review process results in the discovery of product administration, servicing or other errors, including errors relating to the timing or amount of payments or contract values due to customers. In certain cases, if appropriate, the Company may offer customers remediation and may incur charges, including the cost of such remediation, administrative costs and regulatory fines. The Company is subject to the laws and regulations of states and other jurisdictions concerning the identification, reporting and escheatment of unclaimed or abandoned funds, and is subject to audit and examination for compliance with these requirements. For additional discussion of these matters, see “––Litigation and Regulatory Matters” below. It is possible that the results of operations or the cash flow of the Company in a particular quarterly or annual period could be materially affected as a result of payments in connection with the matters discussed above or other matters depending, in part, upon the results of operations or cash flow for such period. Management believes, however, that ultimate payments in connection with these matters, after consideration of applicable reserves and rights to indemnification, should not have a material adverse effect on the Company’s financial position. Litigation and Regulatory Matters The Company is subject to legal and regulatory actions in the ordinary course of its businesses. Pending legal and regulatory actions include proceedings relating to aspects of the Company’s businesses and operations that are specific to it and proceedings that are typical of the businesses in which it operates, including in both cases businesses that have been either divested or placed in wind down status. Some of these proceedings have been brought on behalf of various alleged classes of complainants. In certain of these matters, the plaintiffs are seeking large and/or indeterminate amounts, including punitive or exemplary damages. The outcome of litigation or a regulatory matter, and the amount or range of potential loss at any particular time, is often inherently uncertain. The Company establishes accruals for litigation and regulatory matters when it is probable that a loss has been incurred and the amount of that loss can be reasonably estimated. For litigation and regulatory matters where a loss may be reasonably possible, but not probable, or is probable but not reasonably estimable, no accrual is established but the matter, if material, is disclosed, including matters discussed below. The Company estimates that as of December 31, 2015 , the aggregate range of reasonably possible losses in excess of accruals established for those litigation and regulatory matters for which such an estimate currently can be made is less than $250 million . Any estimate is not an indication of expected loss, if any, or the Company’s maximum possible loss exposure on such matters. The Company reviews relevant information with respect to its litigation and regulatory matters on a quarterly and annual basis and updates its accruals, disclosures and estimates of reasonably possible loss based on such reviews. Individual Annuities, Individual Life and Group Insurance Escheatment Litigation State of West Virginia ex. Rel. John D. Perdue v. Prudential Insurance Company of America In September 2012, the State of West Virginia, through its State Treasurer, filed a lawsuit in the Circuit Court of Putnam County, West Virginia. The complaint alleges violations of the West Virginia Uniform Unclaimed Property Fund Act by failing to properly identify and report all unclaimed insurance policy proceeds which should either be paid to beneficiaries or escheated to West Virginia. The complaint seeks to examine the records of Prudential Insurance to determine compliance with the West Virginia Uniform Unclaimed Property Fund Act, and to assess penalties and costs in an undetermined amount. In June 2015, the West Virginia Supreme Court issued a decision: (i) reversing the trial court’s dismissal of the West Virginia Treasurer’s complaint alleging violations of West Virginia’s unclaimed property law; and (ii) remanding the case to the Circuit Court of Putnam County for proceedings consistent with its decision. In July 2015, a petition for rehearing was filed with the West Virginia Supreme Court. In September 2015, the West Virginia Supreme Court of Appeals denied defendants’ rehearing petition. In November 2015, the Company filed its answer. State of West Virginia ex. Rel. John D. Perdue v. Pruco Life Insurance Company In October 2012, the State of West Virginia commenced a second action making the same allegations stated in the action against Prudential Insurance. In April 2013, the Company filed motions to dismiss the complaints in both of the West Virginia actions. In December 2013, the Court granted the Company’s motions and dismissed the complaints with prejudice. In January 2014, the State of West Virginia appealed the decisions. In June 2015, the West Virginia Supreme Court issued a decision: (i) reversing the trial court’s dismissal of the West Virginia Treasurer’s complaint alleging violations of West Virginia’s unclaimed property law; and (ii) remanding the case to the Circuit Court of Putnam County for proceedings consistent with its decision. In July 2015, a petition for rehearing was filed with the West Virginia Supreme Court. In September 2015, the West Virginia Supreme Court of Appeals denied defendants’ rehearing petition. In November 2015, the Company filed its answer. Escheatment Audit and Claims Settlement Practices Market Conduct Exam In January 2012, a Global Resolution Agreement entered into by the Company and a third-party auditor became effective upon its acceptance by the unclaimed property departments of 20 states and jurisdictions. Under the terms of the Global Resolution Agreement, the third-party auditor acting on behalf of the signatory states will compare expanded matching criteria to the Social Security Master Death File (“SSMDF”) to identify deceased insureds and contractholders where a valid claim has not been made. In February 2012, a Regulatory Settlement Agreement entered into by the Company to resolve a multi-state market conduct examination regarding its adherence to state claim settlement practices became effective upon its acceptance by the insurance departments of 20 states and jurisdictions. The Regulatory Settlement Agreement applies prospectively and requires the Company to adopt and implement additional procedures comparing its records to the SSMDF to identify unclaimed death benefits and prescribes procedures for identifying and locating beneficiaries once deaths are identified. Substantially all other jurisdictions that are not signatories to the Global Resolution Agreement or the Regulatory Settlement Agreement have entered into similar agreements with the Company. The New York Attorney General has subpoenaed the Company, along with other companies, regarding its unclaimed property procedures and may ultimately seek remediation and other relief, including damages. Additionally, the New York Office of Unclaimed Funds is conducting an audit of the Company’s compliance with New York’s unclaimed property laws. Huffman v. The Prudential Insurance Company of America In September 2010, Huffman v. The Prudential Insurance Company of America , a purported nationwide class action brought on behalf of beneficiaries of group life insurance contracts owned by the Employee Retirement Income Security Act (“ERISA”)-governed employee welfare benefit plans was filed in the United States District Court for the Eastern District of Pennsylvania, challenging the use of retained asset accounts in employee welfare benefit plans to settle death benefit claims as a violation of ERISA and seeking injunctive relief and disgorgement of profits. In July 2011, the Company’s motion for judgment on the pleadings was denied. In February 2012, plaintiffs filed a motion to certify the class. In April 2012, the Court stayed the case pending the outcome of a case involving another insurer that is before the Third Circuit Court of Appeals. In August 2014, the Court lifted the stay, and in September 2014, Plaintiffs filed a motion seeking leave to amend the complaint. In July 2015, the Court granted plaintiffs’ motion to file an amended complaint. Plaintiffs’ Amended Complaint added two new class representatives, a new common law breach of fiduciary duty claim, and a prohibited transactions claim under Section 406(a)(1)(C) of ERISA. In August 2015, the Company filed its answer to the First Amended Complaint. Plaintiffs’ motion for class certification was filed in February 2016. Lederman v. PFI From November 2002 to March 2005, eleven separate complaints were filed against the Company and the law firm of Leeds, Morelli & Brown in New Jersey state court and in the New Jersey Superior Court, Essex County as Lederman v. Prudential Financial, Inc., et al. The complaints allege that an alternative dispute resolution agreement entered into among Prudential Insurance, over 235 claimants who are current and former Prudential Insurance employees, and Leeds, Morelli & Brown (the law firm representing the claimants) was illegal and that Prudential Insurance conspired with Leeds, Morelli & Brown to commit fraud, malpractice, breach of contract, and violate racketeering laws by advancing legal fees to the law firm with the purpose of limiting Prudential’s liability to the claimants. In February 2010, the New Jersey Supreme Court assigned the cases for centralized case management to the Superior Court, Bergen County. The Company participated in a court-ordered mediation that resulted in a settlement involving 193 of the remaining 235 plaintiffs. The amounts paid to the 193 plaintiffs were within existing reserves for this matter. In December 2013, the Company participated in court-ordered mediation that resulted in a December 2013 settlement involving 40 of the remaining 42 plaintiffs with litigation against the Company, including plaintiffs who had not yet appealed the dismissal of their claims. The amounts paid to the 40 plaintiffs were within existing reserves for this matter. In July 2014, the Court granted the Company’s summary judgment motion dismissing with prejudice the complaint of one of the two remaining plaintiffs asserting claims against the Company. In August 2014, an appeal was filed from the Court’s summary judgment decision. In January 2015, the New Jersey Appellate Division dismissed the appeal without prejudice. In March 2015, the court granted the Company summary judgment and dismissed with prejudice the complaint of the remaining plaintiff with claims against the Company. In October 2015, the Company settled with one of the two plaintiffs remaining with claims against the Company. In November 2015, the remaining plaintiff filed an appeal with the New Jersey Superior Court - Appellate Division. Other Matters Securities Lending Matter In February 2016, the Company self-reported to the SEC, and notified other regulators, that in some cases it failed to maximize securities lending income due to a long-standing restriction benefitting the Company that limited the availability of loanable securities for certain separate account investments. The Company has removed the restriction and intends to implement a remediation plan for the benefit of customers. The Company intends to fully cooperate with regulators in this matter. Wood II, et al. v. PRIAC In December 2015, a putative class action complaint entitled, Leonard D. Wood II on behalf of the KeHe Distributors, Inc. 401(k) Retirement Saving Non-Union Plan and Maya Shaw on behalf of the Exco Resources, Inc. 401(k) Plan and all other similarly situated ERISA-covered employee pension benefit plans v. PRIAC was filed in the United States District Court, District of Connecticut. The complaint: (1) seeks certification of a class of all ERISA-covered employee pension benefit plans whose plan assets were invested in group annuity contract stable value funds within 6 years prior to, on, or after December 3, 2015; and (2) alleges that PRIAC breached its fiduciary obligations and accepted excessive compensation by crediting rates on the stable value accounts that are less than PRIAC's internal rate of return on those plan assets without disclosing this spread to the plans. In February 2016, PRIAC filed a motion to dismiss the complaint. Rosen, v. PRIAC, et al. In December 2015, a putative class action complaint entitled Richard A. Rosen, On behalf of the Ferguson Enterprises, Inc. 401(k) Retirement Savings Plan and On behalf of All Other Similarly Situated Employee Benefit Plans v. PRIAC, Prudential Bank & Trust, FSB and Prudential Investment Management Services, LLC was filed in the United States District Court, District of Connecticut. The complaint: (1) seeks certification of a class of all ERISA-covered employee pension benefit plans with which Prudential has maintained a contractual relationship based on a group annuity contract or group funding agreement; and (2) alleges that the defendants breached their fiduciary obligations by accepting revenue sharing payments from investment vehicles in its separate accounts and/or by accepting excessive compensation by crediting rates on stable value accounts that are less that PRIAC’s internal rate of return. North Valley GI Medical Group v. Prudential Investments LLC In October 2015, an action was filed in the U.S. District Court for the District of Maryland bearing the caption North Valley GI Medical Group, et al. v. Prudential Investments LLC. This complaint is brought by shareholders in six different mutual funds, and alleges that Prudential Investments breached its fiduciary duty by receiving excessive investment advisory fees from each of the funds. The complaint seeks injunctive relief, compensatory damages, rescission of Prudential Investments’ management agreements with the funds, and attorneys’ fees and costs. In January 2016, Prudential Investments filed a motion to dismiss the complaint. Bouder v. PFI In October 2006, a purported class action lawsuit, Bouder v. Prudential Financial, Inc. and Prudential Insurance Company of America , was filed in the United States District Court for the District of New Jersey, claiming that Prudential failed to pay overtime to insurance agents in violation of federal and Pennsylvania law, and that improper deductions were made from these agents’ wages in violation of state law. The complaint sought back overtime pay and statutory damages, recovery of improper deductions, interest, and attorneys’ fees. In March 2008, the court conditionally certified a nationwide class on the federal overtime claim. Separately, in March 2008, a purported nationwide class action lawsuit was filed in the United States District Court for the Southern District of California, Wang v. Prudential Financial, Inc. and Prudential Insurance, claiming that the Company failed to pay its agents overtime and provide other benefits in violation of California and federal law and seeking compensatory and punitive damages in unspecified amounts. In September 2008, Wang was transferred to the United States District Court for the District of New Jersey and consolidated with the Bouder matter. Subsequent amendments to the complaint resulted in additional allegations involving purported violations of an additional nine states’ overtime and wage payment laws. In February 2010, Prudential moved to decertify the federal overtime class that had been conditionally certified in March 2008 and moved for summary judgment on the federal overtime claims of the named plaintiffs. In July 2010, plaintiffs filed a motion for class certification of the state law claims. In August 2010, the district court granted Prudential’s motion for summary judgment, dismissing the federal overtime claims. In January 2013, the Court denied plaintiffs’ motion for class certification in its entirety. In July 2013, the Court granted plaintiffs’ motion for reconsideration, permitting plaintiffs to file a motion to certify a class of employee insurance agents seeking recovery under state wage and hour laws. In September 2013, plaintiffs filed a renewed motion for class certification. In February 2015, the federal District Court for New Jersey granted in part, and denied in part, plaintiffs’ renewed class certification motion. It certified for class treatment plaintiffs’ wage payment claims which include allegations that the Company made improper deductions from the wages of its former common law agents in California, New York, and Pennsylvania, and its financial services associates in California and New York. The Court denied plaintiffs’ attempt to certify a class based on the Company’s alleged failure to pay overtime to its former common law agents and its financial services associates in California, Illinois, New York and Pennsylvania. In March 2015, the Company filed a motion requesting that the Court reconsider its decision to partially grant plaintiffs’ renewed class certification motion with regard to its former common law agents. Lehman Brothers Special Financing Inc. In September 2014, Lehman Brothers Special Financing Inc. through Lehman Brothers Holdings Inc. (“LBHI”), the Plan Administrator under the Modified Third Amended Joint Chapter 11 Plan of LBHI and its affiliated debtors, filed a Third Amended Complaint in the United States Bankruptcy Court for the Southern District of New York against certain indenture trustees, certain special-purpose entities, and a putative class of 158 noteholders, including Gibraltar Life Insurance Company, Ltd. (f/k/a AIG Edison—GA Non Dima), in its adversary proceeding to recover funds alleged to have been paid improperly to the noteholders. In October 2014, the matter was mediated. In May 2015, the matter was settled and Gibraltar was dismissed from the adversary proceeding. Financial Disclosures Concerning Death Benefits and Unclaimed Property City of Sterling Heights General Employees’ Retirement System v. Prudential Financial, Inc., et al. In August 2012, a purported class action lawsuit, was filed in the United States District Court for the District of New Jersey, alleging violations of federal securities law. The complaint names as defendants the Company’s Chief Executive Officer, the Chief Financial Officer, the Principal Accounting Officer and certain members of the Company’s Board of Directors. The complaint alleges that knowingly false and misleading statements were made regarding the Company’s current and future financial condition based on, among other things, the alleged failure to disclose: (i) potential liability for benefits that should either have been paid to policyholders or their beneficiaries, or escheated to applicable states; and (ii) the extent of the Company’s exposure for alleged state and federal law violations concerning the settlement of claims and the escheatment of unclaimed property. The complaint seeks an undetermined amount of damages, interest, attorneys’ fees and costs. In May 2013, the complaint was amended to add three additional putative institutional investors as lead plaintiffs: National Shopmen Pension Fund, The Heavy & General Laborers’ Locals 472 & 172 Pension & Annuity Funds, and Roofers Local No. 149 Pension Fund. In June 2013, the Company moved to dismiss the amended complaint. In February 2014, the Court denied the Company’s motion to dismiss. In July 2014, plaintiffs’ filed a motion to certify a class comprised of investors who purchased shares of the Company’s Common Stock between May 5, 2010 and November 4, 2011. That motion was subsequently withdrawn and refiled in December 2014. In August 2015, Plaintiffs’ class certification motion was granted. In September 2015, defendants filed a petition with the United States Court of Appeals for the Third Circuit seeking permission to file an appeal from the order certifying a class. In January 2016, the defendants’ petition to file an appeal was granted. Stephen Silverman, Derivatively on Behalf of Prudential Financial, Inc. v. John R. Strangfeld, et. al. , In October 2012, a shareholder derivative lawsuit, was filed in the United States District Court for the District of New Jersey, alleging breaches of fiduciary duties, waste of corporate assets and unjust enrichment by certain senior officers and directors. The complaint names as defendants the Company’s Chief Executive Officer, the Chief Financial Officer, the Principal Accounting Officer, certain members of the Company’s Board of Directors and a former Director. The complaint alleges that the defendants made false and misleading statements regarding the Company’s current and future financial condition based on, among other things, the alleged failure to disclose: (i) potential liability for benefits that should either have been paid to policyholders or their beneficiaries, or escheated to applicable states; and (ii) the extent of the Company’s exposure for alleged state and federal law violations concerning the settlement of claims and the escheatment of unclaimed property. The complaint seeks an undetermined amount of damages, attorneys’ fees and costs, and equitable relief including a direction for the Company to reform and to impro

Quarterly Results of Operations

Quarterly Results of Operations (Unaudited)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Data [Abstract]
Quarterly Results of Operations (Unaudited)	QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The unaudited quarterly results of operations for the years ended December 31, 2015 and 2014 are summarized in the table below: Three Months Ended March 31 June 30 September 30 December 31 (in millions, except per share amounts) 2015 Total revenues $15,552 $13,712 $13,599 $14,256 Total benefits and expenses 12,804 11,583 11,550 13,413 Income (loss) from continuing operations 2,046 1,459 1,467 740 Income (loss) from discontinued operations 0 0 0 0 Net income (loss) 2,046 1,459 1,467 740 Less: Income attributable to noncontrolling interests 10 53 2 5 Net income (loss) attributable to Prudential Financial, Inc. 2,036 1,406 1,465 735 Basic earnings per share—Common Stock(1)(2): Income (loss) from continuing operations attributable to Prudential Financial, Inc. $ 4.44 $ 3.07 $ 3.22 $ 1.62 Income (loss) from discontinued operations, net of taxes 0.00 0.00 0.00 0.00 Net income (loss) attributable to Prudential Financial, Inc. $ 4.44 $ 3.07 $ 3.22 $ 1.62 Diluted earnings per share—Common Stock(1)(2): Income (loss) from continuing operations attributable to Prudential Financial, Inc. $ 4.37 $ 3.03 $ 3.16 $ 1.60 Income (loss) from discontinued operations, net of taxes 0.00 0.00 0.00 0.00 Net income (loss) attributable to Prudential Financial, Inc. $ 4.37 $ 3.03 $ 3.16 $ 1.60 2014 Total revenues $12,854 $13,146 $12,380 $15,725 Total benefits and expenses 11,136 11,639 12,096 17,475 Income (loss) from continuing operations 1,245 1,109 523 (1,451 ) Income (loss) from discontinued operations 4 4 0 4 Net income (loss) 1,249 1,113 523 (1,447 ) Less: Income attributable to noncontrolling interests 11 23 11 12 Net income (loss) attributable to Prudential Financial, Inc. 1,238 1,090 512 (1,459 ) Basic earnings per share—Common Stock(1)(2): Income (loss) from continuing operations attributable to Prudential Financial, Inc. $ 2.62 $ 2.25 $ 1.00 $ (2.70 ) Income (loss) from discontinued operations, net of taxes 0.01 0.01 0.00 0.01 Net income (loss) attributable to Prudential Financial, Inc. $ 2.63 $ 2.26 $ 1.00 $ (2.69 ) Diluted earnings per share—Common Stock(1)(2): Income (loss) from continuing operations attributable to Prudential Financial, Inc. $ 2.58 $ 2.21 $ 0.99 $ (2.70 ) Income (loss) from discontinued operations, net of taxes 0.01 0.01 0.00 0.01 Net income (loss) attributable to Prudential Financial, Inc. $ 2.59 $ 2.22 $ 0.99 $ (2.69 ) __________ (1) Quarterly earnings per share amounts may not add to the full year amounts due to the averaging of shares. (2) For 2015, represents consolidated earnings per share of Common Stock. For 2014, represents earnings of the Company’s former Financial Services Businesses per share of Common Stock. See Note 16 for additional information. Results for the third quarter of 2014 include total pre-tax out of period adjustments of $156 million which primarily consisted of: 1) a charge of $48 million from an increase in reserves for group long-term disability products and 2) a charge of $45 million from an increase in reserves, net of related amortization of DAC, for certain variable annuities products with optional living benefit guarantees. These items were identified during the Company’s annual review and update of assumptions used in calculating these reserves. Subsequent to the third quarter of 2014, the Company identified and recorded additional out of period adjustments of $127 million that related to the third quarter of 2014, primarily reflecting a benefit from the release of reserves for certain variable annuities products with optional living benefit guarantees.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS Common Stock Dividend Declaration On February 9, 2016, Prudential Financial’s Board of Directors declared a cash dividend of $0.70 per share of Common Stock, payable on March 17, 2016.

Schedule I - Summary of Investm

Schedule I - Summary of Investments Other Than investments in Related Parties	12 Months Ended
	Dec. 31, 2015
Summary of Investments, Other than Investments in Related Parties [Abstract]
Schedule I - Summary of Investments Other Than investments in Related Parties	PRUDENTIAL FINANCIAL, INC. Schedule I Summary of Investments Other Than Investments in Related Parties As of December 31, 2015 (in millions) Type of Investment Cost(1) Fair Value Amount shown in the Balance Sheet Fixed maturities, available-for-sale: Bonds: United States Government and government agencies and authorities $ 14,992 $ 18,517 $ 18,517 States, municipalities and political subdivisions 8,089 8,795 8,795 Foreign governments 71,849 83,713 83,713 Asset-backed securities 10,121 10,226 10,226 Residential mortgage-backed securities 4,777 5,106 5,106 Commercial mortgage-backed securities 10,337 10,462 10,462 Public utilities 20,825 22,157 22,157 Certificates of deposit 62 60 60 All other corporate bonds 123,780 130,669 130,669 Redeemable preferred stock 584 618 618 Total fixed maturities, available-for-sale $ 265,416 $ 290,323 $ 290,323 Fixed maturities, held-to-maturity: Bonds: Foreign governments $ 816 $ 1,012 $ 816 Residential mortgage-backed securities 756 809 756 Commercial mortgage-backed securities 33 34 33 All other corporate bonds 703 769 703 Total fixed maturities, held-to-maturity $ 2,308 $ 2,624 $ 2,308 Equity securities: Common Stocks: Public utilities $ 134 $ 160 $ 160 Banks, trust and insurance companies 1,164 1,779 1,779 Industrial, miscellaneous and other 5,525 7,312 7,312 Nonredeemable preferred stocks 24 23 23 Total equity securities, available-for-sale $ 6,847 $ 9,274 $ 9,274 Trading account assets supporting insurance liabilities(2)(3) $ 20,522 $ 20,522 Other trading account assets(2) 14,458 14,458 Commercial mortgage and other loans(4) 50,559 50,559 Policy loans 11,657 11,657 Short-term investments(5) 8,105 8,105 Other long-term investments 9,986 9,986 Total investments $ 389,858 $ 417,192 __________ (1) Original cost of equities reduced by impairment and, as to fixed maturities, original cost reduced by repayments and impairments and adjusted for amortization of premiums and accretion of discounts. (2) At fair value. (3) See Note 4 to the Consolidated Financial Statements for the composition of the Company’s “Trading account assets supporting insurance liabilities, at fair value.” (4) At carrying value, net of allowance for losses. Includes commercial mortgage and other collateralized loans of $49,557 million and uncollateralized loans of $1,002 million . (5) “Short-term investments” include securities purchased under agreements to resell.

Schedule II - Condensed Financi

Schedule II - Condensed Financial Information of Registrant	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule II - Condensed Financial Information of Registrant	PRUDENTIAL FINANCIAL, INC. Schedule II Condensed Financial Information of Registrant Condensed Statements of Financial Positions as of December 31, 2015 and 2014 (in millions) 2015 2014 ASSETS Investment contracts from subsidiaries $ 1 $ 1 Other investments 1,691 2,395 Total investments 1,692 2,396 Cash and cash equivalents 9,437 8,692 Due from subsidiaries 1,723 875 Loans receivable from subsidiaries 6,122 8,475 Investment in subsidiaries 50,625 50,218 Property, plant and equipment 579 0 Other assets 728 365 TOTAL ASSETS $ 70,906 $ 71,021 LIABILITIES AND EQUITY LIABILITIES Due to subsidiaries $ 7,664 $ 7,414 Loans payable to subsidiaries 3,248 2,033 Short-term debt 831 2,319 Long-term debt 16,487 16,061 Income taxes payable 0 271 Other liabilities 786 1,153 Total liabilities 29,016 29,251 EQUITY Preferred Stock ($.01 par value; 10,000,000 shares authorized; none issued) 0 0 Common Stock ($.01 par value; 1,500,000,000 shares authorized; 660,111,339 shares issued at both December 31, 2015 and 2014) 6 6 Class B Stock ($.01 par value; 0 shares authorized and issued at December 31, 2015; 10,000,000 shares authorized and 2,000,000 shares issued at December 31, 2014) 0 0 Additional paid-in capital 24,482 24,565 Common Stock held in treasury, at cost (213,009,970 and 205,277,862 shares at December 31, 2015 and 2014, respectively) (13,814 ) (13,088 ) Class B Stock held in treasury, at cost (0 and 2,000,000 shares at December 31, 2015 and December 31, 2014, respectively) 0 (651 ) Accumulated other comprehensive income (loss) 12,285 16,050 Retained earnings 18,931 14,888 Total equity 41,890 41,770 TOTAL LIABILITIES AND EQUITY $ 70,906 $ 71,021 See Notes to Condensed Financial Information of Registrant PRUDENTIAL FINANCIAL, INC. Schedule II Condensed Financial Information of Registrant Condensed Statements of Operations for the Years Ended December 31, 2015 , 2014 and 2013 (in millions) 2015 2014 2013 REVENUES Net investment income $ 19 $ 7 $ 6 Realized investment gains (losses), net (98 ) (793 ) 390 Affiliated interest revenue 353 417 416 Other income 28 146 153 Total revenues 302 (223 ) 965 EXPENSES General and administrative expenses 170 59 50 Interest expense 1,080 1,075 1,091 Total expenses 1,250 1,134 1,141 LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES (948 ) (1,357 ) (176 ) Total income tax expense (benefit) (396 ) (492 ) (80 ) LOSS FROM CONTINUING OPERATIONS BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES (552 ) (865 ) (96 ) Equity in earnings of subsidiaries 6,194 2,246 (571 ) INCOME (LOSS) FROM CONTINUING OPERATIONS 5,642 1,381 (667 ) Income (loss) from discontinued operations, net of taxes 0 0 0 NET INCOME (LOSS) $ 5,642 $ 1,381 $ (667 ) COMPREHENSIVE INCOME (LOSS) $ 1,877 $ 8,750 $ (2,200 ) See Notes to Condensed Financial Information of Registrant PRUDENTIAL FINANCIAL, INC. Schedule II Condensed Financial Information of Registrant Condensed Statements of Cash Flows for the Years Ended December 31, 2015 , 2014 and 2013 (in millions) 2015 2014 2013 CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ 5,642 $ 1,381 $ (667 ) Adjustments to reconcile net income to cash provided by operating activities: Equity in earnings of subsidiaries (6,194 ) (2,246 ) 571 Realized investment (gains) losses, net 98 793 (390 ) Dividends received from subsidiaries 4,557 2,218 2,483 Property, plant and equipment (579 ) 0 0 Change in: Due to/from subsidiaries, net (493 ) 5,718 (1,753 ) Other, operating (380 ) 647 (418 ) Cash flows from (used in) operating activities 2,651 8,511 (174 ) CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from the sale/maturity of: Short-term investments 13,700 10,207 6,522 Payments for the purchase of: Investment contracts from subsidiaries 0 0 (1 ) Short-term investments (13,002 ) (11,394 ) (6,544 ) Capital contributions to subsidiaries (2,545 ) (3,065 ) (1,760 ) Returns of capital contributions from subsidiaries 75 258 524 Loans to subsidiaries, net of maturities 2,056 925 (22 ) Other, investing 244 21 32 Cash flows from (used in) investing activities 528 (3,048 ) (1,249 ) CASH FLOWS FROM FINANCING ACTIVITIES Cash dividends paid on Common Stock (1,117 ) (1,008 ) (828 ) Cash dividends paid on Class B Stock 0 (19 ) (19 ) Common Stock acquired (1,664 ) (999 ) (738 ) Common Stock reissued for exercise of stock options 209 269 348 Proceeds from the issuance of debt (maturities longer than 90 days) 1,332 2,063 2,414 Repayments of debt (maturities longer than 90 days) (2,404 ) (1,659 ) (3,257 ) Repayments of loans from subsidiaries (102 ) (241 ) (102 ) Proceeds from loans payable to subsidiaries 1,316 558 545 Net change in financing arrangements (maturities of 90 days or less) 8 (94 ) 65 Excess tax benefits from share-based payment arrangements 3 7 10 Other, financing (15 ) (18 ) (45 ) Cash flows from (used in) financing activities (2,434 ) (1,141 ) (1,607 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 745 4,322 (3,030 ) CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 8,692 4,370 7,400 CASH AND CASH EQUIVALENTS, END OF YEAR $ 9,437 $ 8,692 $ 4,370 SUPPLEMENTAL CASH FLOW INFORMATION Cash paid during the period for interest $ 1,048 $ 1,036 $ 1,070 Cash paid (refunds received) during the period for taxes $ 46 $ (1,231 ) $ 246 NON-CASH TRANSACTIONS DURING THE YEAR Non-cash capital contributions to subsidiaries $ 1,453 $ 100 $ 1,097 Non-cash dividends from subsidiaries $ 1,335 $ 650 $ 942 Treasury Stock shares issued for stock-based compensation programs $ 115 $ 100 $ 105 See Notes to Condensed Financial Information of Registrant PRUDENTIAL FINANCIAL, INC. Schedule II Condensed Financial Information of Registrant Notes to Condensed Financial Information of Registrant 1. ORGANIZATION AND PRESENTATION Prudential Financial, Inc. (“Prudential Financial”) was incorporated on December 28, 1999, as a wholly-owned subsidiary of The Prudential Insurance Company of America (“PICA”). On December 18, 2001, PICA converted from a mutual life insurance company to a stock life insurance company and became an indirect, wholly-owned subsidiary of Prudential Financial. The condensed financial statements of Prudential Financial reflect its direct wholly-owned subsidiaries using the equity method of accounting. Certain amounts in prior years have been reclassified to conform to the current year presentation. 2. OTHER INVESTMENTS Prudential Financial’s other investments as of December 31, 2015 and 2014 consisted of money market funds and derivative instruments. 3. DEBT A summary of Prudential Financial’s short- and long-term debt is as follows: December 31, Maturity Dates Rate(1) 2015 2014 ($ in millions) Short-term debt: Commercial Paper(2) $ 80 $ 97 Current portion of long-term debt 751 2,222 Total short-term debt $ 831 $ 2,319 Long-term debt: Fixed rate senior notes 2016-2045 2.30%-7.38% $ 10,093 $ 10,667 Floating rate senior notes 2018-2020 1.01%-5.00% 510 510 Junior subordinated notes 2042-2068 5.20%-8.88% 5,884 4,884 Total long-term debt $ 16,487 $ 16,061 __________ (1) Ranges of interest rates are for the year ended December 31, 2015 . (2) The weighted average interest rate on outstanding commercial paper was 0.4% and 0.28% at December 31, 2015 and 2014 , respectively. Long-term Debt In order to modify exposure to interest rate movements, Prudential Financial utilizes derivative instruments, primarily interest rate swaps, in conjunction with some of its debt issues. The impact of these derivative instruments are not reflected in the rates presented in the table above. For those derivatives that qualify for hedge accounting treatment, interest expense was increased by $3 million for the year ended December 31, 2015 and $2 million for each of the years ended December 31, 2014 and 2013. Schedule of Long-term Debt Maturities The following table presents, as of December 31, 2015 , Prudential Financial’s contractual maturities for long-term debt: Calendar Year 2017 2018 2019 2020 2021 and thereafter Total ($ in millions) Long-term debt $ 971 $ 830 $ 1,100 $ 1,179 $ 12,407 $ 16,487 4. DIVIDENDS AND RETURNS OF CAPITAL For the years ended December 31, Prudential Financial received cash dividends and/or returns of capital from the following companies: 2015 2014(1) 2013 (in millions) Prudential Holdings, LLC $ 1,950 $ 400 $ 0 Prudential Annuities Life Assurance Corporation 450 342 284 International Insurance and Investments Holding Companies 1,818 966 1,642 Prudential Asset Management Holding Company 266 578 441 Other Holding Companies 148 190 640 Total $ 4,632 $ 2,476 $ 3,007 __________ (1) Amounts for International Insurance and Investments Holding Companies, Prudential Asset Management Holding Company and Other Holding Companies have been revised to correct previously reported amounts of $526 million , $588 million and $620 million , respectively. 5. COMMITMENTS AND GUARANTEES Prudential Financial has issued a subordinated guarantee covering a subsidiary’s domestic commercial paper program. As of December 31, 2015 , there was $384 million outstanding under this commercial paper program. Prudential Financial has provided guarantees of the payment of principal and interest on inter-company loans between affiliates. As of December 31, 2015 , Prudential Financial had issued guarantees of outstanding loans totaling $4.0 billion between International Insurance subsidiaries and other affiliates. In 2013, Prudential Financial entered into a $500 million indemnity and guarantee agreement with Wells Fargo Bank Northwest, N.A. Under this agreement, Prudential Financial guaranteed obligations with respect to an affiliated loan from PICA to an affiliate. The loan proceeds were utilized to construct Prudential’s new home office in Newark, New Jersey. Prudential Financial is also subject to other financial guarantees, net worth maintenance agreements and indemnity arrangements, including those made in the normal course of businesses guaranteeing the performance of, or representations made by, Prudential Financial subsidiaries. Prudential Financial has provided indemnities and guarantees related to acquisitions and dispositions, investments, debt issuances and other transactions, including those provided as part of its on-going operations that are triggered by, among other things, breaches of representations, warranties or covenants provided by Prudential Financial or its subsidiaries. These obligations are typically subject to various time limitations, defined by the contract or by operation of law, such as statutes of limitation. In some cases, the maximum potential obligation is subject to contractual limitations, while in other cases such limitations are not specified or applicable. Since certain of these obligations are not subject to limitations, it is not possible to determine the maximum potential amount due under these guarantees. At December 31, 2015 , Prudential Financial has accrued liabilities of $25 million associated with all other financial guarantees and indemnity arrangements. 6. REDEMPTION OF CLASS B SHARES From demutualization through December 31, 2014, Prudential Financial had two classes of common stock outstanding. The Common Stock, which is publicly-traded (NYSE:PRU), reflected the performance of the Financial Services Businesses, while the Class B Stock, which was issued through a private placement and did not trade on any exchange, reflected the performance of the Closed Block Business. On January 2, 2015, Prudential Financial repurchased from the Class B holders 2.0 million shares of the Class B Stock, representing all of the outstanding shares of the Class B Stock, for an aggregate cash purchase price of $651 million . In accordance with the terms of a Share Repurchase Agreement, the holders of a majority of the Class B Stock have exercised their right to dispute the calculation of the purchase price. As a result of this dispute, the final purchase price of the Class B Stock is expected to change.

Schedule III - Supplementary In

Schedule III - Supplementary Insurance Information	12 Months Ended
	Dec. 31, 2015
Supplementary Insurance Information [Abstract]
Schedule III - Supplementary Insurance Information	PRUDENTIAL FINANCIAL, INC. Schedule III Supplementary Insurance Information As of and for the Year Ended December 31, 2015 (in millions) Segment Deferred Policy Acquisition Costs Future Policy Benefits, Losses, Claims, Expenses Unearned Premiums Other Policy Claims and Benefits Payable Premiums, Policy Charges and Fee Income Net Investment Income Benefits, Claims, Losses and Settlement Expenses Amortization of DAC Other Operating Expenses Individual Annuities $ 4,915 $ 10,486 $ 0 $ 8,720 $ 2,823 $ 594 $ 864 $ 940 $ 1,757 Retirement 133 51,264 1,835 47,113 6,946 4,110 9,301 66 1,034 Asset Management 0 0 0 0 0 111 0 19 2,076 U.S. Retirement Solutions and Investment Management division 5,048 61,750 1,835 55,833 9,769 4,815 10,165 1,025 4,867 Individual Life 4,883 10,102 0 23,425 2,944 1,679 2,961 133 1,508 Group Insurance 181 4,745 206 8,569 4,468 573 4,129 6 837 U.S. Individual Life and Group Insurance division 5,064 14,847 206 31,994 7,412 2,252 7,090 139 2,345 International Insurance 6,554 91,357 574 43,828 14,311 4,383 12,809 987 2,396 International Insurance division 6,554 91,357 574 43,828 14,311 4,383 12,809 987 2,396 Corporate and Other operations (321 ) 4,276 0 3 332 726 624 (68 ) 869 Total PFI excluding Closed Block division 16,345 172,230 2,615 131,658 31,824 12,176 30,688 2,083 10,477 Closed Block division 373 49,539 0 10,704 2,669 2,653 5,630 37 435 Total $ 16,718 $ 221,769 $ 2,615 $ 142,362 $ 34,493 $ 14,829 $ 36,318 $ 2,120 $ 10,912 PRUDENTIAL FINANCIAL, INC. Schedule III Supplementary Insurance Information As of and for the Year Ended December 31, 2014 (in millions) Segment Deferred Policy Acquisition Costs Future Policy Benefits, Losses, Claims Expenses Unearned Premiums Other Policy Claims and Benefits Payable Premiums, Policy Charges and Fee Income Net Investment Income Benefits, Claims, Losses and Settlement Expenses Amortization of DAC Other Operating Expenses Individual Annuities $ 5,376 $ 10,220 $ 0 $ 8,693 $ 2,785 $ 615 $ 1,017 $ 603 $ 1,791 Retirement 117 49,237 1,848 47,465 7,013 4,238 9,918 33 1,020 Asset Management 0 0 0 0 0 120 0 20 1,976 U.S. Retirement Solutions and Investment Management division 5,493 59,457 1,848 56,158 9,798 4,973 10,935 656 4,787 Individual Life 4,056 9,224 0 21,463 3,073 1,610 3,040 368 1,745 Group Insurance 177 4,925 201 8,342 4,626 610 4,468 8 863 U.S. Individual Life and Group Insurance division 4,233 14,149 201 29,805 7,699 2,220 7,508 376 2,608 International Insurance 6,156 87,744 543 44,977 14,961 4,434 13,432 962 2,608 International Insurance division 6,156 87,744 543 44,977 14,961 4,434 13,432 962 2,608 Corporate and Other operations (321 ) 3,961 0 18 310 622 594 (58 ) 773 Total Financial Services Businesses 15,561 165,311 2,592 130,958 32,768 12,249 32,469 1,936 10,776 Closed Block Business 410 49,863 0 12,853 2,704 3,007 6,097 37 1,031 Total $ 15,971 $ 215,174 $ 2,592 $ 143,811 $ 35,472 $ 15,256 $ 38,566 $ 1,973 $ 11,807 PRUDENTIAL FINANCIAL, INC. Schedule III Supplementary Insurance Information As of and for the Year Ended December 31, 2013 (in millions) Segment Deferred Policy Acquisition Costs Future Policy Benefits, Losses, Claims, Expenses Unearned Premiums Other Policy Claims and Benefits Payable Premiums, Policy Charges and Fee Income Net Investment Income Benefits, Claims, Losses and Settlement Expenses Amortization of DAC Other Operating Expenses Individual Annuities $ 5,490 $ 2,341 $ 0 $ 9,035 $ 2,541 $ 685 $ (30 ) $ (956 ) $ 1,661 Retirement 225 45,241 1,939 46,475 1,107 4,084 3,294 15 984 Asset Management 0 0 0 0 0 87 0 25 1,826 U.S. Retirement Solutions and Investment Management division 5,715 47,582 1,939 55,510 3,648 4,856 3,264 (916 ) 4,471 Individual Life 4,112 7,407 0 20,746 2,660 1,403 2,238 95 1,363 Group Insurance 183 4,921 193 8,179 4,813 581 4,535 10 820 U.S. Individual Life and Group Insurance division 4,295 12,328 193 28,925 7,473 1,984 6,773 105 2,183 International Insurance 6,407 90,641 504 46,948 17,482 4,291 16,057 998 2,782 International Insurance division 6,407 90,641 504 46,948 17,482 4,291 16,057 998 2,782 Corporate and Other (316 ) 3,414 0 12 321 582 420 16 1,018 Total Financial Services Businesses 16,101 153,965 2,636 131,395 28,924 11,713 26,514 203 10,454 Closed Block Business 411 50,258 0 10,777 2,728 3,016 5,380 37 557 Total $ 16,512 $ 204,223 $ 2,636 $ 142,172 $ 31,652 $ 14,729 $ 31,894 $ 240 $ 11,011

Schedule IV - Reinsurance

Schedule IV - Reinsurance	12 Months Ended
	Dec. 31, 2015
Supplemental Schedule of Reinsurance Premiums for Insurance Companies [Abstract]
Schedule IV - Reinsurance	PRUDENTIAL FINANCIAL, INC. Schedule IV Reinsurance For the Years Ended December 31, 2015 , 2014 and 2013 ($ in millions) Gross Amount Ceded to Other Companies Assumed from Other Companies Net Amount Percentage of Amount Assumed to Net 2015 Life Insurance Face Amount In Force $ 3,457,711 $ 642,525 $ 235,418 $ 3,050,604 7.7 % Premiums: Life Insurance $ 25,346 $ 1,573 $ 2,147 $ 25,920 8.3 % Accident and Health Insurance 2,650 49 0 2,601 0.0 Total Premiums $ 27,996 $ 1,622 $ 2,147 $ 28,521 7.5 % 2014 Life Insurance Face Amount In Force $ 3,492,396 $ 633,501 $ 245,674 $ 3,104,569 7.9 % Premiums: Life Insurance $ 26,638 $ 1,451 $ 1,134 $ 26,321 4.3 % Accident and Health Insurance 3,028 56 0 2,972 0.0 Total Premiums $ 29,666 $ 1,507 $ 1,134 $ 29,293 3.9 % 2013 Life Insurance Face Amount In Force $ 3,534,834 $ 521,189 $ 185,479 $ 3,199,124 5.8 % Premiums: Life Insurance $ 24,068 $ 1,408 $ 272 $ 22,932 1.2 % Accident and Health Insurance 3,376 71 0 3,305 0.0 Total Premiums $ 27,444 $ 1,479 $ 272 $ 26,237 1.0 %

Schedule V - Valuation and Qual

Schedule V - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2015
Valuation and Qualifying Accounts [Abstract]
Schedule V - Valuation and Qualifying Accounts	PRUDENTIAL FINANCIAL, INC. Schedule V Valuation and Qualifying Accounts For the Years Ended December 31, 2015 , 2014 and 2013 (in millions) Additions Description Balance at Beginning of Period Charged to Costs and Expenses Other Deductions Effect of Foreign Exchange Rates Balance at End of Period 2015 Allowance for losses on commercial mortgage and other loans $ 119 $ 0 $ 0 $ 7 (1) $ 0 $ 112 Valuation allowance on deferred tax asset 277 38 (3 ) 178 (1 ) 133 $ 396 $ 38 $ (3 ) $ 185 $ (1 ) $ 245 2014 Allowance for losses on commercial mortgage and other loans $ 216 $ 0 $ 0 $ 96 (1) $ (1 ) $ 119 Valuation allowance on deferred tax asset 235 44 0 0 (2 ) 277 $ 451 $ 44 $ 0 $ 96 $ (3 ) $ 396 2013 Allowance for losses on commercial mortgage and other loans $ 269 $ 0 $ 0 $ 48 (1) $ (5 ) $ 216 Valuation allowance on deferred tax asset 280 (42 ) (1 ) 0 (2 ) 235 $ 549 $ (42 ) $ (1 ) $ 48 $ (7 ) $ 451 __________ (1) Represents net release of allowance for losses and charge-offs, net of recoveries.

Significant Accounting Polici38

Significant Accounting Policies and Pronouncements (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation As a result of the Class B Repurchase and resulting elimination of the separation of the Financial Services Businesses and the Closed Block Business, these Consolidated Financial Statements refer to the divisions and segments of the Company that formerly comprised the Financial Services Businesses as “PFI excluding Closed Block division” and refer to the operations that were formerly included in the Closed Block Business as the “Closed Block division,” except as otherwise noted. Closed Block Business results were associated with the Company’s Class B Stock for periods prior to January 1, 2015. The Consolidated Financial Statements include the accounts of Prudential Financial, entities over which the Company exercises control, including majority-owned subsidiaries and minority-owned entities such as limited partnerships in which the Company is the general partner, and variable interest entities in which the Company is considered the primary beneficiary. See Note 5 for more information on the Company’s consolidated variable interest entities. The Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Intercompany balances and transactions have been eliminated. The Company’s Gibraltar Life Insurance Company, Ltd. (“Gibraltar Life”) consolidated operations use a November 30 fiscal year end for purposes of inclusion in the Company’s Consolidated Financial Statements. Consolidated balance sheet data as of December 31, 2015 and 2014 , include the assets and liabilities of Gibraltar Life as of November 30 for each respective year. Consolidated income statement data for the years ended December 31, 2015 , 2014 and 2013 , include Gibraltar Life’s results of operations for the twelve months ended November 30 for each respective year.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining deferred policy acquisition costs (“DAC”) and related amortization; value of business acquired (“VOBA”) and its amortization; amortization of sales inducements; measurement of goodwill and any related impairment; valuation of investments including derivatives and the recognition of other-than-temporary impairments (“OTTI”); future policy benefits including guarantees; pension and other postretirement benefits; provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal matters.
Reclassifications	Reclassifications Certain amounts in prior years have been reclassified to conform to the current year presentation.
Share-Based Payments	Share-Based Payments The Company recognizes the cost resulting from all share-based payments in accordance with the authoritative guidance on accounting for stock based-compensation and applies the fair value-based measurement method in accounting for share-based payment transactions with employees except for equity instruments held by employee share ownership plans. The Company accounts for excess tax benefits in additional paid-in capital as a single “pool” available to all share-based compensation awards. The Company does not recognize excess tax benefits in additional paid-in capital until the benefits result in a reduction in taxes payable. The Company has elected the “tax law ordering methodology” and has adopted a convention that considers excess tax benefits to be the last portion of a net operating loss carryforward to be utilized. The Company accounts for non-employee stock options using the fair value method in accordance with authoritative guidance and related interpretations on accounting for equity instruments that are issued to other than employees for acquiring, or in conjunction with selling, goods or services.
Earnings Per Share	Earnings Per Share As discussed in Note 1, from demutualization through December 31, 2014 , the Company had two separate classes of common stock. Basic earnings per share for those periods was computed by dividing available income attributable to each of the two groups of common shareholders by the respective weighted average number of common shares outstanding for the period. Diluted earnings per share included the effect of all dilutive potential common shares that were outstanding during the period. As a result of the Class B Repurchase, earnings per share of Common Stock for 2015 reflects the consolidated earnings of Prudential Financial. Basic earnings per share is computed by dividing available income attributable to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share includes the effect of all dilutive potential common shares that were outstanding during the period. See Note 16 for additional information. As discussed under “Share-Based Payments” above, the Company accounts for excess tax benefits in additional paid-in capital as a single “pool” available to all share-based compensation awards. The Company reflects in assumed proceeds, based on application of the treasury stock method, the excess tax benefits that would be recognized in additional paid-in capital upon exercise or release of the award.
Investments and Investment-Related Liabilities	Investments and Investment-Related Liabilities The Company’s principal investments are fixed maturities; equity securities; commercial mortgage and other loans; policy loans; other long-term investments, including joint ventures (other than operating joint ventures), limited partnerships, and real estate; and short-term investments. Investments and investment-related liabilities also include securities repurchase and resale agreements and securities lending transactions. The accounting policies related to each are as follows: Fixed maturities are comprised of bonds, notes and redeemable preferred stock. Fixed maturities classified as “available-for-sale” are carried at fair value. See Note 20 for additional information regarding the determination of fair value. Fixed maturities that the Company has both the positive intent and ability to hold to maturity are carried at amortized cost and classified as “held-to-maturity.” The amortized cost of fixed maturities is adjusted for amortization of premiums and accretion of discounts to maturity. Interest income, as well as the related amortization of premium and accretion of discount, is included in “Net investment income” under the effective yield method. For mortgage-backed and asset-backed securities, the effective yield is based on estimated cash flows, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also vary based on other assumptions regarding the underlying collateral, including default rates and changes in value. These assumptions can significantly impact income recognition and the amount of OTTI recognized in earnings and other comprehensive income. For high credit quality mortgage-backed and asset-backed securities (those rated AA or above), cash flows are provided quarterly, and the amortized cost and effective yield of the security are adjusted as necessary to reflect historical prepayment experience and changes in estimated future prepayments. The adjustments to amortized cost are recorded as a charge or credit to net investment income in accordance with the retrospective method. For mortgage-backed and asset-backed securities rated below AA, or those for which an OTTI has been recorded, the effective yield is adjusted prospectively for any changes in estimated cash flows. See the discussion below on realized investment gains and losses for a description of the accounting for impairments. Unrealized gains and losses on fixed maturities classified as “available-for-sale,” net of tax, and the effect on DAC, VOBA, deferred sales inducements (“DSI”), future policy benefits, policyholders’ account balances and policyholders’ dividends that would result from the realization of unrealized gains and losses, are included in “Accumulated other comprehensive income (loss)” (“AOCI”). “Trading account assets supporting insurance liabilities, at fair value” includes invested assets that support certain products included in the Retirement and International Insurance segments which are experience-rated, meaning that the investment results associated with these products are expected to ultimately accrue to contractholders. Realized and unrealized gains and losses for these investments are reported in “Other income.” Interest and dividend income from these investments is reported in “Net investment income.” “Other trading account assets, at fair value” consist primarily of fixed maturities, equity securities, including certain perpetual preferred stock, and certain derivatives. Realized and unrealized gains and losses on these investments are reported in “Other income,” and interest and dividend income from these investments is reported in “Net investment income.” See “Derivative Financial Instruments” below for additional information regarding the accounting for derivatives. “Equity securities available-for-sale, at fair value” are comprised of common stock, mutual fund shares and non-redeemable preferred stock, and are carried at fair value. The associated unrealized gains and losses, net of tax, and the effect on DAC, VOBA, DSI, future policy benefits, policyholders’ account balances and policyholders’ dividends that would result from the realization of unrealized gains and losses, are included in AOCI. The cost of equity securities is written down to fair value when a decline in value is considered to be other-than-temporary. See the discussion below on realized investment gains and losses for a description of the accounting for impairments. Dividends from these investments are recognized in “Net investment income” when earned. “Commercial mortgage and other loans” consist of commercial mortgage loans, agricultural loans, loans backed by residential properties, as well as certain other collateralized and uncollateralized loans. Loans backed by residential properties primarily include recourse loans held by the Company’s international insurance businesses. Uncollateralized loans primarily represent reverse dual currency loans and corporate loans held by the Company’s international insurance businesses. Commercial mortgage and other loans originated and held for investment are generally carried at unpaid principal balance, net of unamortized deferred loan origination fees and expenses, and net of an allowance for losses. The Company carries certain commercial mortgage loans originated within the Company’s commercial mortgage operations at fair value where the fair value option has been elected. Loans held for sale where the Company has not elected the fair value option are carried at the lower of cost or fair value. Commercial mortgage and other loans acquired, including those related to the acquisition of a business, are recorded at fair value when purchased, reflecting any premiums or discounts to unpaid principal balances. Interest income, as well as prepayment fees and the amortization of the related premiums or discounts, related to commercial mortgage and other loans, are included in “Net investment income.” Impaired loans include those loans for which it is probable that amounts due will not all be collected according to the contractual terms of the loan agreement. The Company defines “past due” as principal or interest not collected at least 30 days past the scheduled contractual due date. Interest received on loans that are past due, including impaired and non-impaired loans as well as loans that were previously modified in a troubled debt restructuring, is either applied against the principal or reported as net investment income based on the Company’s assessment as to the collectability of the principal. See Note 4 for additional information about the Company’s past due loans. The Company discontinues accruing interest on loans after the loans become 90 days delinquent as to principal or interest payments, or earlier when the Company has doubts about collectability. When the Company discontinues accruing interest on a loan, any accrued but uncollectible interest on the loan and other loans backed by the same collateral, if any, is charged to interest income in the same period. Generally, a loan is restored to accrual status only after all delinquent interest and principal are brought current and, in the case of loans where the payment of interest has been interrupted for a substantial period, or the loan has been modified, a regular payment performance has been established. The Company reviews the performance and credit quality of the commercial mortgage and other loan portfolio on an on-going basis. Loans are placed on watch list status based on a predefined set of criteria and are assigned one of three categories. Loans are placed on “early warning” status in cases where, based on the Company’s analysis of the loan’s collateral, the financial situation of the borrower or tenants or other market factors, it is believed a loss of principal or interest could occur. Loans are classified as “closely monitored” when it is determined that there is a collateral deficiency or other credit events that may lead to a potential loss of principal or interest. Loans “not in good standing” are those loans where the Company has concluded that there is a high probability of loss of principal, such as when the loan is delinquent or in the process of foreclosure. As described below, in determining the allowance for losses, the Company evaluates each loan on the watch list to determine if it is probable that amounts due will not be collected according to the contractual terms of the loan agreement. Loan-to-value and debt service coverage ratios are measures commonly used to assess the quality of commercial mortgage loans. The loan-to-value ratio compares the amount of the loan to the fair value of the underlying property collateralizing the loan, and is commonly expressed as a percentage. Loan-to-value ratios greater than 100% indicate that the loan amount exceeds the collateral value. A smaller loan-to-value ratio indicates a greater excess of collateral value over the loan amount. The debt service coverage ratio compares a property’s net operating income to its debt service payments. Debt service coverage ratios less than 1.0 times indicate that property operations do not generate enough income to cover the loan’s current debt payments. A larger debt service coverage ratio indicates a greater excess of net operating income over the debt service payments. The values utilized in calculating these ratios are developed as part of the Company’s periodic review of the commercial mortgage loan and agricultural loan portfolio, which includes an internal appraisal of the underlying collateral value. The Company’s periodic review also includes a quality re-rating process, whereby the internal quality rating originally assigned at underwriting is updated based on current loan, property and market information using a proprietary quality rating system. The loan-to-value ratio is the most significant of several inputs used to establish the internal credit rating of a loan which in turn drives the allowance for losses. Other key factors considered in determining the internal credit rating include debt service coverage ratios, amortization, loan term, estimated market value growth rate and volatility for the property type and region. See Note 4 for additional information related to the loan-to-value ratios and debt service coverage ratios related to the Company’s commercial mortgage and agricultural loan portfolios. Loans backed by residential properties and uncollateralized loans are also reviewed periodically. Each loan is assigned an internal or external credit rating. Internal credit ratings take into consideration various factors including financial ratios and qualitative assessments based on non-financial information. In cases where there are personal or third-party guarantors, the credit quality of the guarantor is also reviewed. These factors are used in developing the allowance for losses. Based on the diversity of the loans in these categories and their immateriality, the Company has not disclosed the credit quality indicators related to these loans in Note 4. For those loans not reported at fair value, the allowance for losses includes a loan specific reserve for each impaired loan that has a specifically identified loss and a portfolio reserve for probable incurred but not specifically identified losses. For impaired commercial mortgage and other loans the allowances for losses are determined based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or based upon the fair value of the collateral if the loan is collateral dependent. The portfolio reserves for probable incurred but not specifically identified losses in the commercial mortgage and agricultural loan portfolios consider the current credit composition of the portfolio based on an internal quality rating (as described above). The portfolio reserves are determined using past loan experience, including historical credit migration, loss probability and loss severity factors by property type. These factors are reviewed each quarter and updated as appropriate. The allowance for losses on commercial mortgage and other loans can increase or decrease from period to period based on the factors noted above. “Realized investment gains (losses), net” includes changes in the allowance for losses and changes in value for loans accounted for under the fair value option. “Realized investment gains (losses), net” also includes gains and losses on sales, certain restructurings, and foreclosures. When a commercial mortgage or other loan is deemed to be uncollectible, any specific valuation allowance associated with the loan is reversed and a direct write-down to the carrying amount of the loan is made. The carrying amount of the loan is not adjusted for subsequent recoveries in value. Commercial mortgage and other loans are occasionally restructured in a troubled debt restructuring. These restructurings generally include one or more of the following: full or partial payoffs outside of the original contract terms; changes to interest rates; extensions of maturity; or additions or modifications to covenants. Additionally, the Company may accept assets in full or partial satisfaction of the debt as part of a troubled debt restructuring. When restructurings occur, they are evaluated individually to determine whether the restructuring or modification constitutes a “troubled debt restructuring” as defined by authoritative accounting guidance. If the borrower is experiencing financial difficulty and the Company has granted a concession, the restructuring, including those that involve a partial payoff or the receipt of assets in full satisfaction of the debt is deemed to be a troubled debt restructuring. Based on the Company’s credit review process described above, these loans generally would have been deemed impaired prior to the troubled debt restructuring, and specific allowances for losses would have been established prior to the determination that a troubled debt restructuring has occurred. In a troubled debt restructuring where the Company receives assets in full satisfaction of the debt, any specific valuation allowance is reversed and a direct write-down of the loan is recorded for the amount of the allowance, and any additional loss, net of recoveries, or any gain is recorded for the difference between the fair value of the assets received and the recorded investment in the loan. When assets are received in partial settlement, the same process is followed, and the remaining loan is evaluated prospectively for impairment based on the credit review process noted above. When a loan is restructured in a troubled debt restructuring, the impairment of the loan is remeasured using the modified terms and the loan’s original effective yield, and the allowance for loss is adjusted accordingly. Subsequent to the modification, income is recognized prospectively based on the modified terms of the loans in accordance with the income recognition policy noted above. Additionally, the loan continues to be subject to the credit review process noted above. In situations where a loan has been restructured in a troubled debt restructuring and the loan has subsequently defaulted, this factor is considered when evaluating the loan for a specific allowance for losses in accordance with the credit review process noted above. See Note 4 for additional information about commercial mortgage and other loans that have been restructured in a troubled debt restructuring. “Policy loans” are carried at unpaid principal balances. Interest income on policy loans is recognized in net investment income at the contract interest rate when earned. Policy loans are fully collateralized by the cash surrender value of the associated insurance policies. “Other long-term investments” consist of the Company’s non-coupon investments in joint ventures and limited partnerships, other than operating joint ventures, as well as wholly-owned investment real estate and other investments. Joint venture and partnership interests are either accounted for using the equity method of accounting or under the cost method when the Company’s partnership interest is so minor (generally less than 3% ) that it exercises virtually no influence over operating and financial policies. The Company’s income from investments in joint ventures and partnerships accounted for using the equity method or the cost method, other than the Company’s investment in operating joint ventures, is included in “Net investment income.” The carrying value of these investments is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. In applying the equity method or the cost method (including assessment for OTTI), the Company uses financial information provided by the investee, generally on a one to three month lag. The Company consolidates joint ventures and limited partnerships in certain other instances where it is deemed to exercise control, or is considered the primary beneficiary of a variable interest entity. See Note 5 for additional information about variable interest entities. The Company’s wholly-owned investment real estate consists of real estate which the Company has the intent to hold for the production of income as well as real estate held for sale. Real estate which the Company has the intent to hold for the production of income is carried at depreciated cost less any writedowns to fair value for impairment losses and is reviewed for impairment whenever events or circumstances indicate that the carrying value may not be recoverable. Real estate held for sale is carried at the lower of depreciated cost or fair value less estimated selling costs and is not further depreciated once classified as such. An impairment loss is recognized when the carrying value of the investment real estate exceeds the estimated undiscounted future cash flows (excluding interest charges) from the investment. At that time, the carrying value of the investment real estate is written down to fair value. Decreases in the carrying value of investment real estate held for the production of income due to OTTI are recorded in “Realized investment gains (losses), net.” Depreciation on real estate held for the production of income is computed using the straight-line method over the estimated lives of the properties, and is included in “Net investment income.” In the period a real estate investment is deemed held for sale and meets all of the discontinued operation criteria, the Company reports all related net investment income and any resulting investment gains and losses as discontinued operations for all periods presented. “Short-term investments” primarily consist of highly liquid debt instruments with a maturity of twelve months or less and greater than three months when purchased, other than those debt instruments meeting this definition that are included in “Trading account assets supporting insurance liabilities, at fair value.” These investments are generally carried at fair value and include certain money market investments, short-term debt securities issued by government-sponsored entities and other highly liquid debt instruments. Realized investment gains (losses) are computed using the specific identification method with the exception of some of the Company’s International Insurance businesses’ portfolios, where the average cost method is used. Realized investment gains and losses are generated from numerous sources, including the sale of fixed maturity securities, equity securities, investments in joint ventures and limited partnerships and other types of investments, as well as adjustments to the cost basis of investments for net OTTI recognized in earnings. Realized investment gains and losses are also generated from prepayment premiums received on private fixed maturity securities, allowance for losses on commercial mortgage and other loans, fair value changes on commercial mortgage loans carried at fair value, and fair value changes on embedded derivatives and free-standing derivatives that do not qualify for hedge accounting treatment. See “Derivative Financial Instruments” below for additional information regarding the accounting for derivatives. The Company’s available-for-sale and held-to-maturity securities with unrealized losses are reviewed quarterly to identify OTTI in value. In evaluating whether a decline in value is other-than-temporary, the Company considers several factors including, but not limited to the following: (1) the extent and the duration of the decline; (2) the reasons for the decline in value (credit event, currency or interest-rate related, including general credit spread widening); and (3) the financial condition of and near-term prospects of the issuer. With regard to available-for-sale equity securities, the Company also considers the ability and intent to hold the investment for a period of time to allow for a recovery of value. When it is determined that a decline in value of an equity security is other-than-temporary, the carrying value of the equity security is reduced to its fair value, with a corresponding charge to earnings. An OTTI is recognized in earnings for a debt security in an unrealized loss position when either (a) the Company has the intent to sell the debt security or (b) it is more likely than not the Company will be required to sell the debt security before its anticipated recovery. For all debt securities in unrealized loss positions that do not meet either of these two criteria, the Company analyzes its ability to recover the amortized cost by comparing the net present value of projected future cash flows with the amortized cost of the security. The net present value is calculated by discounting the Company’s best estimate of projected future cash flows at the effective interest rate implicit in the debt security prior to impairment. The Company may use the estimated fair value of collateral as a proxy for the net present value if it believes that the security is dependent on the liquidation of collateral for recovery of its investment. If the net present value is less than the amortized cost of the investment, an OTTI is recognized. In addition to the above mentioned circumstances, the Company also recognizes an OTTI in earnings when a non-functional currency denominated security in an unrealized loss position due to currency exchange rates approaches maturity. When an OTTI of a debt security has occurred, the amount of the OTTI recognized in earnings depends on whether the Company intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis. If the debt security meets either of these two criteria or the unrealized losses due to changes in foreign currency exchange rates are not expected to be recovered before maturity, the OTTI recognized in earnings is equal to the entire difference between the security’s amortized cost basis and its fair value at the impairment measurement date. For OTTI of debt securities that do not meet these criteria, the net amount recognized in earnings is equal to the difference between the amortized cost of the debt security and its net present value calculated as described above. Any difference between the fair value and the net present value of the debt security at the impairment measurement date is recorded in “Other comprehensive income (loss).” Unrealized gains or losses on securities for which an OTTI has been recognized in earnings is tracked as a separate component of AOCI. For debt securities, the split between the amount of an OTTI recognized in other comprehensive income and the net amount recognized in earnings is driven principally by assumptions regarding the amount and timing of projected cash flows. For mortgage-backed and asset-backed securities, cash flow estimates consider the payment terms of the underlying assets backing a particular security, including interest rate and prepayment assumptions based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also include other assumptions regarding the underlying collateral including default rates and recoveries, which vary based on the asset type and geographic location, as well as the vintage year of the security. For structured securities, the payment priority within the tranche structure is also considered. For all other debt securities, cash flow estimates are driven by assumptions regarding probability of default and estimates regarding timing and amount of recoveries associated with a default. The Company has developed these estimates using information based on its historical experience as well as using market observable data, such as industry analyst reports and forecasts, sector credit ratings and other data relevant to the collectability of a security, such as the general payment terms of the security and the security’s position within the capital structure of the issuer. The new cost basis of an impaired security is not adjusted for subsequent increases in estimated fair value. In periods subsequent to the recognition of an OTTI, the impaired security is accounted for as if it had been purchased on the measurement date of the impairment. For debt securities, the discount (or reduced premium) based on the new cost basis may be accreted into net investment income in future periods, including increases in cash flow on a prospective basis. In certain cases where there are decreased cash flow expectations, the security is reviewed for further cash flow impairments. Unrealized investment gains and losses are also considered in determining certain other balances, including DAC, VOBA, DSI, certain future policy benefits, policyholders’ account balances, policyholders’ dividends and deferred tax assets or liabilities. These balances are adjusted, as applicable, for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. Each of these balances is discussed in greater detail below.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks, certain money market investments and other debt instruments with maturities of three months or less when purchased, other than cash equivalents that are included in “Trading account assets supporting insurance liabilities, at fair value.”
DAC	DAC Costs that are related directly to the successful acquisition of new and renewal insurance and annuity business are deferred to the extent such costs are deemed recoverable from future profits. Such DAC primarily includes commissions, costs of policy issuance and underwriting, and certain other expenses that are directly related to successfully negotiated contracts. In each reporting period, capitalized DAC is amortized to “Amortization of DAC,” net of the accrual of imputed interest on DAC balances. DAC is subject to periodic recoverability testing. DAC, for applicable products, is adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. For traditional participating life insurance included in the Closed Block, DAC is amortized over the expected life of the contracts in proportion to gross margins based on historical and anticipated future experience, which is evaluated regularly. The effect of changes in estimated gross margins on unamortized DAC is reflected in the period such estimated gross margins are revised. DAC related to universal and variable life products and fixed and variable deferred annuity products are generally deferred and amortized over the expected life of the contracts in proportion to gross profits arising principally from investment margins, mortality and expense margins, and surrender charges, based on historical and anticipated future experience, which is updated periodically. The Company uses a reversion to the mean approach for equities to derive future equity return assumptions. However, if the projected equity return calculated using this approach is greater than the maximum equity return assumption, the maximum equity return is utilized. Gross profits also include impacts from the embedded derivatives associated with certain of the optional living benefit features of the Company’s variable annuity contracts and related hedging activities. The effect of changes to total gross profits on unamortized DAC is reflected in the period such total gross profits are revised. DAC related to non-participating traditional individual life insurance and longevity reinsurance contracts is amortized in proportion to gross premiums. For group annuity contracts (other than single premium group annuities), acquisition costs are generally deferred and amortized over the expected life of the contracts in proportion to gross profits. For group corporate-, bank- and trust-owned life insurance contracts, acquisition costs are generally deferred and amortized in proportion to lives insured. For single premium immediate annuities with life contingencies, single premium group annuities, including non-participating group annuity contracts, and single premium structured settlements with life contingencies, all acquisition costs are charged to expense immediately because generally all premiums are received at the inception of the contract. For funding agreement notes contracts, single premium structured settlement contracts without life contingencies, and single premium immediate annuities without life contingencies, acquisition expenses are deferred and amortized over the expected life of the contracts using the interest method. For other group life and disability insurance contracts and guaranteed investment contracts, acquisition costs are expensed as incurred. For some products, policyholders can elect to modify product benefits, features, rights or coverages by exchanging a contract for a new contract or by amendment, endorsement, or rider to a contract, or by the election of a feature or coverage within a contract. These transactions are known as internal replacements. If policyholders surrender traditional life insurance policies in exchange for life insurance policies that do not have fixed and guaranteed terms, the Company immediately charges to expense the remaining unamortized DAC on the surrendered policies. For other internal replacement transactions, except those that involve the addition of a nonintegrated contract feature that does not change the existing base contract, the unamortized DAC is immediately charged to expense if the terms of the new policies are not substantially similar to those of the former policies. If the new terms are substantially similar to those of the earlier policies, the DAC is retained with respect to the new policies and amortized over the expected life of the new policies.
VOBA	VOBA As a result of certain acquisitions and the application of purchase accounting, the Company reports a financial asset representing VOBA. VOBA represents an adjustment to the stated value of inforce insurance contract liabilities to present them at fair value, determined as of the acquisition date. VOBA balances are subject to recoverability testing, in the manner in which they were acquired. The Company has established a VOBA asset primarily for its acquired life insurance products, accident and health products with fixed benefits, deferred annuity contracts, and defined contribution and defined benefit businesses. As of December 31, 2015 , the majority of the VOBA balance relates to the 2011 acquisition of the Star and Edison Businesses and the 2013 acquisition of The Hartford Financial Services Group’s individual life insurance business (“the Hartford Life Business”). The Company generally amortizes VOBA over the effective life of the acquired contracts in “General and administrative expenses.” For acquired traditional life insurance products and accident and health products with fixed benefits, VOBA is amortized in proportion to estimated gross premiums or in proportion to the face amount of insurance inforce, as applicable. For acquired annuity and non-traditional life insurance contracts, VOBA is amortized in proportion to gross profits arising principally from investment margins, mortality and expense margins, and surrender charges, based on historical and anticipated future experience, which is updated periodically. For acquired defined contribution and defined benefit businesses, the majority of VOBA is amortized in proportion to estimated gross profits arising principally from investment spreads and fees in excess of actual expense based upon historical and estimated future experience, which is updated periodically. The effect of changes in total gross profits on unamortized VOBA is reflected in the period such total gross profits are revised. VOBA, for applicable products, is adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. See Note 8 for additional information regarding VOBA.
Separate Account Assets and Liabilities	Separate Account Assets and Liabilities Separate account assets are reported at fair value and represent segregated funds that are invested for certain policyholders, pension funds and other customers. The assets consist primarily of equity securities, fixed maturities, real estate-related investments, real estate mortgage loans, short-term investments and derivative instruments. The assets of each account are legally segregated and are not subject to claims that arise out of any other business of the Company. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. See Note 11 for additional information regarding separate account arrangements with contractual guarantees. Separate account liabilities primarily represent the contractholder’s account balance in separate account assets and to a lesser extent borrowings of the separate account, and will be equal and offsetting to total separate account assets. The investment income and realized investment gains or losses from separate account assets generally accrue to the policyholders and are not included in the Company’s results of operations. Mortality, policy administration and surrender charges assessed against the accounts are included in “Policy charges and fee income.” Asset management fees charged to the accounts are included in “Asset management and service fees.” Seed money that the Company invests in separate accounts is reported in the appropriate general account asset line. Investment income and realized investment gains or losses from seed money invested in separate accounts accrues to the Company and is included in the Company’s results of operations.
Other Assets and Other Liabilities	Other Assets and Other Liabilities Other assets consist primarily of prepaid pension benefit costs, certain restricted assets, trade receivables, goodwill and other intangible assets, DSI, the Company’s investments in operating joint ventures, property and equipment, reinsurance recoverables, and receivables resulting from sales of securities that had not yet settled at the balance sheet date. Other liabilities consist primarily of trade payables, pension and other employee benefit liabilities, derivative liabilities, reinsurance payables, and payables resulting from purchases of securities that had not yet settled at the balance sheet date. Property and equipment are carried at cost less accumulated depreciation. Depreciation is determined using the straight-line method over the estimated useful lives of the related assets, which generally range from 3 to 40 years . As a result of certain acquisitions, the Company recognizes an asset for goodwill representing the excess of cost over the net fair value of the assets acquired and liabilities assumed. Goodwill is assigned to reporting units at the date the goodwill is initially recorded. A reporting unit is an operating segment or a unit one level below the operating segment, if discrete financial information is prepared and regularly reviewed by management at that level. Once goodwill has been assigned to reporting units, it no longer retains its association with a particular acquisition, and all of the activities within a reporting unit, whether acquired or organically grown, are available to support the value of the goodwill. The Company tests goodwill for impairment annually as of December 31 and more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The fundamental goodwill impairment analysis is a two-step test that is performed at the reporting unit level. The first step, used to identify potential impairment, involves comparing each reporting unit’s fair value to its carrying value including goodwill. If the fair value of a reporting unit exceeds its carrying value, the applicable goodwill is considered not to be impaired. If the carrying value exceeds fair value, there is an indication of a potential impairment and the second step of the test is performed to measure the amount of impairment. The second step involves calculating an implied fair value of goodwill for each reporting unit for which the first step indicated impairment. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination, which is the excess of the fair value of the reporting unit, as determined in the first step, over the aggregate fair values of the individual assets, liabilities and identifiable intangibles as if the reporting unit was being acquired in a business combination. If the implied fair value of goodwill in the “pro forma” business combination accounting as described above exceeds the goodwill assigned to the reporting unit, there is no impairment. If the goodwill assigned to a reporting unit exceeds the implied fair value of the goodwill, an impairment charge is recorded in “General and administrative expenses” for the excess. An impairment loss recognized cannot exceed the amount of goodwill assigned to a reporting unit, and the loss establishes a new basis in the goodwill. Subsequent reversal of goodwill impairment losses is not permitted. Management is required to make significant estimates in determining the fair value of a reporting unit including, but not limited to: projected earnings, comparative market multiples, and the risk rate at which future net cash flows are discounted. In accordance with accounting guidance, the Company may first perform a qualitative goodwill assessment to determine whether events or circumstances lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Factors such as macroeconomic conditions; industry and market considerations; cost factors and other are used to assess the validity of goodwill. If, after assessing the totality of events or circumstances, the Company determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step goodwill impairment test, as described above, is not necessary. If, however, the Company concludes otherwise, then the Company must perform the first step of the two-step impairment test by comparing the reporting unit’s fair value with its carrying value including goodwill. If the carrying value exceeds fair value, then the Company must perform the second step of the goodwill impairment test to measure the impairment loss, if any. See Note 9 for additional information regarding goodwill. The Company offers various types of sales inducements to policyholders related to fixed and variable deferred annuity contracts. The Company defers sales inducements and amortizes them over the anticipated life of the policy using the same methodology and assumptions used to amortize DAC. Sales inducements balances are subject to periodic recoverability testing. The Company records amortization of DSI in “Interest credited to policyholders’ account balances.” DSI, for applicable products, is adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. See Note 11 for additional information regarding sales inducements. The majority of the Company’s reinsurance recoverables and payables are associated with the reinsurance arrangements used to effect the Company’s acquisition of the retirement business of CIGNA and the Hartford Life Business. The remaining amounts relate to other reinsurance arrangements entered into by the Company. For each of its reinsurance contracts, the Company determines if the contract provides indemnification against loss or liability relating to insurance risk in accordance with applicable accounting standards. The Company reviews all contractual features, particularly those that may limit the amount of insurance risk to which the reinsurer is subject or features that delay the timely reimbursement of claims. See Note 13 for additional information about the Company’s reinsurance arrangements. Identifiable intangible assets primarily include customer relationships and mortgage servicing rights and are recorded net of accumulated amortization. The Company tests identifiable intangible assets for impairment on an annual basis as of December 31 of each year or whenever events or circumstances suggest that the carrying value of an identifiable intangible asset may exceed the sum of the undiscounted cash flows expected to result from its use and eventual disposition. If this condition exists and the carrying value of an identifiable intangible asset exceeds its fair value, the excess is recognized as an impairment and is recorded as a charge against net income. Measuring intangibles requires the use of estimates. Significant estimates include the projected net cash flow attributable to the intangible asset and the risk rate at which future net cash flows are discounted for purposes of estimating fair value, as applicable. See Note 9 for additional information regarding identifiable intangible assets. Investments in operating joint ventures are generally accounted for under the equity method. The carrying value of these investments is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. See Note 7 for additional information on investments in operating joint ventures.
Future Policy Benefits	Future Policy Benefits The Company’s liability for future policy benefits is primarily comprised of the present value of estimated future payments to or on behalf of policyholders, where the timing and amount of payment depends on policyholder mortality or morbidity, less the present value of future net premiums. For individual traditional participating life insurance products, the mortality and interest rate assumptions applied are those used to calculate the policies’ guaranteed cash surrender values. For life insurance, other than individual traditional participating life insurance, and annuity and disability products, expected mortality and morbidity are generally based on Company experience, industry data and/or other factors. Interest rate assumptions are based on factors such as market conditions and expected investment returns. Although mortality and morbidity and interest rate assumptions are “locked-in” upon the issuance of new insurance or annuity business with fixed and guaranteed terms, significant changes in experience or assumptions may require the Company to provide for expected future losses on a product by establishing premium deficiency reserves. Premium deficiency reserves are established, if necessary, when the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and expenses. Premium deficiency reserves do not include a provision for the risk of adverse deviation. In determining if a premium deficiency related to short-duration contracts exists, the Company considers, among other factors, anticipated investment income. Any adjustments to future policy benefit reserves related to net unrealized gains on securities classified as available-for-sale are included in AOCI. See Note 10 for additional information regarding future policy benefits. The Company’s liability for future policy benefits also includes a liability for unpaid claims and claim adjustment expenses. The Company does not establish claim liabilities until a loss has been incurred. However, unpaid claims and claim adjustment expenses includes estimates of claims that the Company believes have been incurred but have not yet been reported as of the balance sheet date. The Company’s liability for future policy benefits also includes net liabilities for guarantee benefits related to certain long-duration life and annuity contracts, which are discussed more fully in Note 11, and deferred profits.
Policyholders' Account Balances	Policyholders’ Account Balances The Company’s liability for policyholders’ account balances represents the contract value that has accrued to the benefit of the policyholder as of the balance sheet date. This liability is primarily associated with the accumulated account deposits, plus interest credited, less policyholder withdrawals and other charges assessed against the account balance, as applicable. These policyholders’ account balances also include provision for benefits under non-life contingent payout annuities and certain unearned revenues. See Note 10 for additional information regarding policyholders’ account balances.
Policyholders' Dividends	Policyholders’ Dividends The Company’s liability for policyholders’ dividends includes its dividends payable to policyholders and its policyholder dividend obligation associated with the participating policies included in the Closed Block. The dividends payable for participating policies included in the Closed Block are determined at the end of each year for the following year by the Board of Directors of the Prudential Insurance Company of America (“Prudential Insurance”) based on its statutory results, capital position, ratings, and the emerging experience of the Closed Block. The policyholder dividend obligation represents amounts expected to be paid to Closed Block policyholders as an additional policyholder dividend unless otherwise offset by future Closed Block performance. Any adjustments to the policyholder dividend obligation related to net unrealized gains on securities classified as available-for-sale are included in AOCI. For additional information on the policyholder dividend obligation, see Note 12. The dividends payable for policies other than the participating policies included in the Closed Block include dividends payable in accordance with certain group and individual insurance policies.
Securities repurchase and resale agreements and securities loaned transactions	Securities repurchase and resale agreements and securities loaned transactions Securities repurchase and resale agreements and securities loaned transactions are used primarily to earn spread income, to borrow funds, or to facilitate trading activity. As part of securities repurchase agreements or securities loaned transactions, the Company transfers U.S. and foreign debt and equity securities, as well as U.S. government and government agency securities, and receives cash as collateral. As part of securities resale agreements, the Company invests cash and receives as collateral U.S. government securities or other debt securities. For securities repurchase agreements and securities loaned transactions used to earn spread income, the cash received is typically invested in cash equivalents, short-term investments or fixed maturities. Securities repurchase and resale agreements that satisfy certain criteria are treated as secured borrowing or secured lending arrangements. These agreements are carried at the amounts at which the securities will be subsequently resold or reacquired, as specified in the respective transactions. For securities purchased under agreements to resell, the Company’s policy is to take possession or control of the securities either directly or through a third-party custodian. These securities are valued daily and additional securities or cash collateral is received, or returned, when appropriate to protect against credit exposure. Securities to be resold are the same, or substantially the same, as the securities received. For securities sold under agreements to repurchase, the market value of the securities to be repurchased is monitored, and additional collateral is obtained where appropriate, to protect against credit exposure. The Company obtains collateral in an amount at least equal to 95% of the fair value of the securities sold. Securities to be repurchased are the same, or substantially the same, as those sold. Income and expenses related to these transactions executed within the insurance companies used to earn spread income are reported as “Net investment income;” however, for transactions used for funding purposes, the associated borrowing cost is reported as interest expense (included in “General and administrative expenses”). Income and expenses related to these transactions executed within the Company’s derivative operations are reported in “Other income.” Securities loaned transactions are treated as financing arrangements and are recorded at the amount of cash received. The Company obtains collateral in an amount equal to 102% and 105% of the fair value of the domestic and foreign securities, respectively. The Company monitors the market value of the securities loaned on a daily basis with additional collateral obtained as necessary. Substantially all of the Company’s securities loaned transactions are with large brokerage firms. Income and expenses associated with securities loaned transactions used to earn spread income are reported as “Net investment income;” however, for securities loaned transactions used for funding purposes the associated rebate is reported as interest expense (included in “General and administrative expenses”).
Contingent Liabilities	Contingent Liabilities Amounts related to contingent liabilities are accrued if it is probable that a liability has been incurred and an amount is reasonably estimable. Management evaluates whether there are incremental legal or other costs directly associated with the ultimate resolution of the matter that are reasonably estimable and, if so, they are included in the accrual.
Insurance Revenue and Expense Recognition	Insurance Revenue and Expense Recognition Premiums from individual life products, other than universal and variable life contracts, and health insurance and long-term care products are recognized when due. When premiums are due over a significantly shorter period than the period over which benefits are provided, any gross premium in excess of the net premium (i.e., the portion of the gross premium required to provide for all expected future benefits and expenses) is generally deferred and recognized into revenue in a constant relationship to insurance in force. Benefits are recorded as an expense when they are incurred. A liability for future policy benefits is recorded when premiums are recognized using the net level premium method. Premiums from non-participating group annuities with life contingencies, single premium structured settlements with life contingencies and single premium immediate annuities with life contingencies are recognized when due. When premiums are due over a significantly shorter period than the period over which benefits are provided, any gross premium in excess of the net premium is generally deferred and recognized into revenue based on expected future benefit payments. Benefits are recorded as an expense when they are incurred. A liability for future policy benefits is recorded when premiums are recognized using the net premium method. Certain individual annuity contracts provide the contractholder a guarantee that the benefit received upon death or annuitization will be no less than a minimum prescribed amount. These benefits are accounted for as insurance contracts. The Company also provides contracts with certain living benefits which are considered embedded derivatives. See Note 11 for additional information regarding these contracts. Amounts received as payment for interest-sensitive or variable group and individual life contracts, deferred fixed or variable annuities, structured settlements and other contracts without life contingencies, and participating group annuities are reported as deposits to “Policyholders’ account balances” and/or “Separate account liabilities.” Revenues from these contracts are reflected in “Policy charges and fee income” consisting primarily of fees assessed during the period against the policyholders’ account balances for mortality and other benefit charges, policy administration charges and surrender charges. In addition to fees, the Company earns investment income from the investment of deposits in the Company’s general account portfolio. Fees assessed that represent compensation to the Company for services to be provided in future periods and certain other fees are generally deferred and amortized into revenue over the life of the related contracts in proportion to estimated gross profits. Benefits and expenses for these products include claims in excess of related account balances, expenses of contract administration, interest credited to policyholders’ account balances and amortization of DAC, DSI and VOBA. For group life, other than universal and variable group life contracts, and disability insurance, premiums are generally recognized over the period to which the premiums relate in proportion to the amount of insurance protection provided. Claim and claim adjustment expenses are recognized when incurred. Premiums, benefits and expenses are stated net of reinsurance ceded to other companies, except for amounts associated with certain modified coinsurance contracts which are reflected in the Company’s financial statements based on the application of the deposit method of accounting.
Asset Management and Service Fees	Asset Management and Service Fees “Asset management and service fees” principally include asset management fees and securities commission revenues, which are recognized in the period in which the services are performed. In 2013, the Company adopted retrospectively a discretionary change in accounting principle for recognition of performance-based incentive fee revenue. In certain asset management fee arrangements, the Company is entitled to receive performance-based incentive fees when the return on assets under management exceeds certain benchmark returns or other performance targets. The Company may be required to return all, or part, of such performance-based incentive fee depending on future performance of these assets relative to performance benchmarks. Under the newly adopted accounting principle, the Company records performance-based incentive fee revenue when the contractual terms of the asset management fee arrangement have been satisfied such that the performance fee is no longer subject to clawback or contingency. Under this principle the Company records a deferred performance-based incentive fee liability to the extent it receives cash related to the performance-based incentive fee prior to meeting the revenue recognition criteria delineated above. Under the prior accounting principle, the Company accrued performance-based incentive fee revenue quarterly based on measuring fund performance to date versus the performance benchmark stated in the investment management agreement, as if the contracts containing the fee arrangements were terminated as of the applicable balance sheet date. Certain performance-based incentive fees were also subject to future adjustment based on cumulative fund performance in relation to these specified benchmarks. The new method is recognized as preferable in authoritative accounting literature. In addition, the Company believes that the new method improves the quality of earnings by eliminating the potential that revenue will be recognized in one quarter and reversed in a future quarter. Finally, the Company believes that the new accounting principle provides a more meaningful comparison to competitors.
Other Income	Other Income “Other income” includes realized and unrealized gains or losses from investments classified as “trading” such as “Trading account assets supporting insurance liabilities” and “Other trading account assets,” short-term investments that are marked-to-market through other income, and from consolidated entities that follow specialized investment company fair value accounting. “Other income” also includes a gain of $0.1 billion and losses of $3.0 billion and $4.1 billion for the years ended December 31, 2015 , 2014 and 2013 , respectively, primarily related to the remeasurement of foreign currency denominated assets and liabilities, as discussed in more detail under “Foreign Currency” below.
Foreign Currency	Foreign Currency Assets, liabilities and results of foreign operations are recorded based on the functional currency of each foreign operation. The determination of the functional currency is based on economic facts and circumstances pertaining to each foreign operation. With the exception of our Japanese operations, where multiple functional currencies exist, the local currencies of our foreign operations are typically their functional currencies. See Note 22 for additional information. Assets and liabilities of foreign operations and subsidiaries reported in currencies other than U.S. dollars are translated at the exchange rate in effect at the end of the period. Revenues, benefits and other expenses are translated at the average rate prevailing during the period. The effects of translating the statements of operations and financial position of non-U.S. entities with functional currencies other than the U.S. dollar are included, net of related qualifying hedge gains and losses and income taxes, in AOCI. Gains and losses resulting from the remeasurement of foreign currency transactions are reported in either AOCI or current earnings in “Other income” depending on the nature of the related foreign currency denominated asset or liability.
Derivative Financial Instruments	Derivative Financial Instruments Derivatives are financial instruments whose values are derived from interest rates, foreign exchange rates, financial indices, values of securities or commodities, credit spreads, market volatility, expected returns, and liquidity. Values can also be affected by changes in estimates and assumptions, including those related to counterparty behavior and non-performance risk (“NPR”) used in valuation models. Derivative financial instruments generally used by the Company include swaps, futures, forwards and options and may be exchange-traded or contracted in the over-the-counter (“OTC”) market. Derivative positions are carried at fair value, generally by obtaining quoted market prices or through the use of valuation models. Derivatives are used to manage the interest rate and currency characteristics of assets or liabilities and to mitigate volatility of expected non-U.S. earnings and net investments in foreign operations resulting from changes in currency exchange rates. Additionally, derivatives may be used to seek to reduce exposure to interest rate, credit, foreign currency and equity risks associated with assets held or expected to be purchased or sold, and liabilities incurred or expected to be incurred. As discussed in detail below and in Note 21, all realized and unrealized changes in fair value of derivatives are recorded in current earnings, with the exception of the effective portion of cash flow hedges and effective hedges of net investments in foreign operations. Cash flows from derivatives are reported in the operating, investing, or financing activities sections in the Consolidated Statements of Cash Flows based on the nature and purpose of the derivative. Derivatives are recorded either as assets, within “Other trading account assets, at fair value” or “Other long-term investments,” or as liabilities, within “Other liabilities,” except for embedded derivatives which are recorded with the associated host contract. The Company nets the fair value of all derivative financial instruments with counterparties for which a master netting arrangement has been executed. The Company designates derivatives as either (1) a hedge of the fair value of a recognized asset or liability or unrecognized firm commitment (“fair value” hedge); (2) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow” hedge); (3) a foreign currency fair value or cash flow hedge (“foreign currency” hedge); (4) a hedge of a net investment in a foreign operation; or (5) a derivative that does not qualify for hedge accounting. To qualify for hedge accounting treatment, a derivative must be highly effective in mitigating the designated risk of the hedged item. Effectiveness of the hedge is formally assessed at inception and throughout the life of the hedging relationship. Even if a derivative qualifies for hedge accounting treatment, there may be an element of ineffectiveness of the hedge. Under such circumstances, the ineffective portion is recorded in “Realized investment gains (losses), net.” The Company formally documents at inception all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives designated as fair value, cash flow, or foreign currency hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. Hedges of a net investment in a foreign operation are linked to the specific foreign operation. When a derivative is designated as a fair value hedge and is determined to be highly effective, changes in its fair value, along with changes in the fair value of the hedged asset or liability (including losses or gains on firm commitments), are reported on a net basis in the income statement, generally in “Realized investment gains (losses), net.” When swaps are used in hedge accounting relationships, periodic settlements are recorded in the same income statement line as the related settlements of the hedged items. When a derivative is designated as a cash flow hedge and is determined to be highly effective, changes in its fair value are recorded in AOCI until earnings are affected by the variability of cash flows being hedged (e.g., when periodic settlements on a variable-rate asset or liability are recorded in earnings). At that time, the related portion of deferred gains or losses on the derivative instrument is reclassified and reported in the income statement line item associated with the hedged item. When a derivative is designated as a foreign currency hedge and is determined to be highly effective, changes in its fair value are recorded either in current period earnings if the hedge transaction is a fair value hedge (e.g., a hedge of a recognized foreign currency asset or liability) or in AOCI if the hedge transaction is a cash flow hedge (e.g., a foreign currency denominated forecasted transaction). When a derivative is used as a hedge of a net investment in a foreign operation, its change in fair value, to the extent effective as a hedge, is accounted for in the same manner as a translation adjustment (i.e., reported in the cumulative translation adjustment account within AOCI). If it is determined that a derivative no longer qualifies as an effective fair value or cash flow hedge or management removes the hedge designation, the derivative will continue to be carried on the balance sheet at its fair value, with changes in fair value recognized currently in “Realized investment gains (losses), net.” In this scenario, the hedged asset or liability under a fair value hedge will no longer be adjusted for changes in fair value and the existing basis adjustment is amortized to the income statement line associated with the asset or liability. The component of AOCI related to discontinued cash flow hedges is reclassified to the income statement line associated with the hedged cash flows consistent with the earnings impact of the original hedged cash flows. When hedge accounting is discontinued because the hedged item no longer meets the definition of a firm commitment, or because it is probable that the forecasted transaction will not occur by the end of the specified time period, the derivative will continue to be carried on the balance sheet at its fair value, with changes in fair value recognized currently in “Realized investment gains (losses), net.” Any asset or liability that was recorded pursuant to recognition of the firm commitment is removed from the balance sheet and recognized currently in “Realized investment gains (losses), net.” Gains and losses that were in AOCI pursuant to the cash flow hedge of a forecasted transaction are recognized immediately in “Realized investment gains (losses), net.” If a derivative does not qualify for hedge accounting, all changes in its fair value, including net receipts and payments, are included in “Realized investment gains (losses), net” without considering changes in the fair value of the economically associated assets or liabilities. The Company is a party to financial instruments that contain derivative instruments that are “embedded” in the financial instruments. At inception, the Company assesses whether the economic characteristics of the embedded instrument are clearly and closely related to the economic characteristics of the remaining component of the financial instrument (i.e., the host contract) and whether a separate instrument with the same terms as the embedded instrument would meet the definition of a derivative instrument. When it is determined that (1) the embedded instrument possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract, and (2) a separate instrument with the same terms would qualify as a derivative instrument, the embedded instrument qualifies as an embedded derivative that is separated from the host contract, carried at fair value, and changes in its fair value are included in “Realized investment gains (losses), net.” For certain financial instruments that contain an embedded derivative that otherwise would need to be bifurcated and reported at fair value, the Company may elect to classify the entire instrument as a trading account asset and report it within “Other trading account assets, at fair value.”
Short-Term and Long-Term Debt	Short-Term and Long-Term Debt Liabilities for short-term and long-term debt are primarily carried at an amount equal to unpaid principal balance, net of unamortized discount or premium. Original-issue discount or premium and debt-issue costs are recognized as a component of interest expense over the period the debt is expected to be outstanding, using the interest method of amortization. Interest expense is generally presented within “General and administrative expenses” in the Company’s Consolidated Statements of Operations. Interest expense may also be reported within “Net investment income” for certain activity, as prescribed by specialized industry guidance. Short-term debt is debt coming due in the next twelve months, including that portion of debt otherwise classified as long-term. The short-term debt caption may exclude short-term debt items the Company intends to refinance on a long-term basis in the near-term. See Note 14 for additional information regarding short-term and long-term debt.
Income Taxes	Income Taxes The Company and its includible domestic subsidiaries file a consolidated federal income tax return that includes both life insurance companies and non-life insurance companies. Non-includible domestic subsidiaries file separate individual corporate tax returns. Subsidiaries operating outside the U.S. are taxed, and income tax expense is recorded, based on applicable foreign statutes. See Note 19 for a discussion of certain non-U.S. jurisdictions for which the Company assumes repatriation of earnings to the U.S. Deferred income taxes are recognized, based on enacted rates, when assets and liabilities have different values for financial statement and tax reporting purposes. A valuation allowance is recorded to reduce a deferred tax asset to the amount expected to be realized. Items required by tax regulations to be included in the tax return may differ from the items reflected in the financial statements. As a result, the effective tax rate reflected in the financial statements may be different than the actual rate applied on the tax return. Some of these differences are permanent such as expenses that are not deductible in the Company’s tax return, and some differences are temporary, reversing over time, such as valuation of insurance reserves. Temporary differences create deferred tax assets and liabilities. Deferred tax assets generally represent items that can be used as a tax deduction or credit in future years for which the Company has already recorded the tax benefit in the Company’s income statement. Deferred tax liabilities generally represent tax expense recognized in the Company’s financial statements for which payment has been deferred, or expenditures for which the Company has already taken a deduction in the Company’s tax return but have not yet been recognized in the Company’s financial statements. The application of U.S. GAAP requires the Company to evaluate the recoverability of the Company’s deferred tax assets and establish a valuation allowance if necessary to reduce the Company’s deferred tax assets to an amount that is more likely than not to be realized. Considerable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance. In evaluating the need for a valuation allowance the Company may consider many factors, including: (1) the nature of the deferred tax assets and liabilities; (2) whether they are ordinary or capital; (3) in which tax jurisdictions they were generated and the timing of their reversal; (4) taxable income in prior carryback years as well as projected taxable earnings exclusive of reversing temporary differences and carryforwards; (5) the length of time that carryovers can be utilized in the various taxing jurisdictions; (6) any unique tax rules that would impact the utilization of the deferred tax assets; and (7) any tax planning strategies that the Company would employ to avoid a tax benefit from expiring unused. Although realization is not assured, management believes it is more likely than not that the deferred tax assets, net of valuation allowances, will be realized. U.S. GAAP prescribes a comprehensive model for how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that a company has taken or expects to take on tax returns. The application of this guidance is a two-step process, the first step being recognition. The Company determines whether it is more likely than not, based on the technical merits, that the tax position will be sustained upon examination. If a tax position does not meet the more likely than not recognition threshold, the benefit of that position is not recognized in the financial statements. The second step is measurement. The Company measures the tax position as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate resolution with a taxing authority that has full knowledge of all relevant information. This measurement considers the amounts and probabilities of the outcomes that could be realized upon ultimate settlement using the facts, circumstances, and information available at the reporting date. The Company’s liability for income taxes includes the liability for unrecognized tax benefits, interest and penalties which relate to tax years still subject to review by the Internal Revenue Service (“IRS”) or other taxing jurisdictions. Audit periods remain open for review until the statute of limitations has passed. Generally, for tax years which produce net operating losses, capital losses or tax credit carryforwards (“tax attributes”), the statute of limitations does not close, to the extent of these tax attributes, until the expiration of the statute of limitations for the tax year in which they are fully utilized. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the liability for income taxes. The Company classifies all interest and penalties related to tax uncertainties as income tax expense. See Note 19 for additional information regarding income taxes.
Adoption of New Accounting Pronouncements	Adoption of New Accounting Pronouncements In August 2014, the Financial Accounting Standards Board (“FASB”) issued updated guidance (Accounting Standards Update (“ASU”) 2014-14, Receivables — Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure ) requiring that mortgage loans be derecognized and that a separate other receivable be recognized upon foreclosure if certain conditions are met. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The new guidance became effective for annual periods and interim periods within those annual periods that began after December 15, 2014, and was applied prospectively. Adoption of the guidance did not have a significant effect on the Company’s consolidated financial position, results of operations or financial statement disclosures. In June 2014, the FASB issued updated guidance (ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures ) that requires repurchase-to-maturity transactions to be accounted for as secured borrowings and eliminates existing guidance for repurchase financings. The guidance also requires new disclosures for certain transactions accounted for as secured borrowings and for transfers accounted for as sales when the transferor also retains substantially all of the exposure to the economic return on the transferred financial assets. Accounting changes and new disclosures for transfers accounted for as sales under the new guidance were effective for the first interim or annual period beginning after December 15, 2014 and did not have a significant effect on the Company's consolidated financial position, results of operations or financial statement disclosures. Disclosures for certain transactions accounted for as secured borrowings were effective for interim periods beginning after March 15, 2015 and are included in Note 4. In April 2014, the FASB issued updated guidance (ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity ) that changes the criteria for reporting discontinued operations and introduces new disclosures. The new guidance became effective for new disposals and new classifications of disposal groups as held for sale that occur within annual periods that began on or after December 15, 2014, and interim periods within those annual periods. Adoption of the guidance did not have a significant effect on the Company’s consolidated financial position, results of operations or financial statement disclosures. In January 2014, the FASB issued updated guidance (ASU 2014-04, Receivables — Troubled Debt Restructuring by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure ) for troubled debt restructurings clarifying when an in-substance repossession or foreclosure occurs, and when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. The new guidance became effective for annual periods and interim periods within those annual periods that began after December 15, 2014, and was applied prospectively. Adoption of the guidance did not have a significant effect on the Company’s consolidated financial position, results of operations or financial statement disclosures. In January 2014, the FASB issued updated guidance (ASU 2014-01, Investments — Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects ) regarding investments in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for the low-income housing tax credit. Under the guidance, an entity is permitted to make an accounting policy election to amortize the initial cost of its investment in proportion to the tax credits and other tax benefits received and recognize the net investment performance in the statement of operations as a component of income tax expense (benefit) if certain conditions are met. The new guidance became effective for annual periods and interim reporting periods within those annual periods that began after December 15, 2014. The Company did not elect the proportional amortization method under this guidance. In December 2013, the FASB issued updated guidance (ASU 2013-12, Definition of a Public Business Entity—An Addition to the Master Glossary ) establishing a single definition of a public entity for use in financial accounting and reporting guidance. The new guidance became effective for all current and future reporting periods and did not have a significant effect on the Company’s consolidated financial position, results of operations or financial statement disclosures. In July 2013, the FASB issued updated guidance (ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists ) regarding the presentation of unrecognized tax benefits when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. The new guidance became effective for interim or annual reporting periods that began after December 15, 2013, and was applied prospectively. Adoption of the guidance did not have a significant effect on the Company’s consolidated financial position, results of operations or financial statement disclosures. In July 2013, the FASB issued new guidance (ASU 2013-10, Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes ) regarding derivatives. The guidance permits the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) to be used as a U.S. benchmark interest rate for hedge accounting in addition to the United States Treasury rate and London Inter-Bank Offered Rate (“LIBOR”). The guidance also removes the restriction on using different benchmark rates for similar hedges. The guidance became effective for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013, and was applied prospectively. Adoption of the guidance did not have a significant effect on the Company’s consolidated financial position, results of operations or financial statement disclosures. In June 2013, the FASB issued updated guidance (ASU 2013-08, Financial Services-Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements ) clarifying the characteristics of an investment company and requiring new disclosures. Under the guidance, all entities regulated under the Investment Company Act of 1940 automatically qualify as investment companies, while all other entities need to consider both the fundamental and typical characteristics of an investment company in determining whether they qualify as investment companies. The new guidance became effective for interim or annual reporting periods that began after December 15, 2013, and was applied prospectively. Adoption of the guidance did not have a significant effect on the Company’s consolidated financial position, results of operations or financial statement disclosures. In March 2013, the FASB issued updated guidance (ASU 2013-05, Foreign Currency Matters (Topic 830): Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity ) regarding the recognition in net income of the cumulative translation adjustment upon the sale or loss of control of a business or group of assets residing in a foreign subsidiary, or a loss of control of a foreign investment. This guidance became effective for interim or annual reporting periods that began after December 15, 2013, and was applied prospectively. The amendments require an entity that ceases to have a controlling financial interest in a subsidiary or group of assets within a foreign entity to release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. For an equity method investment that is a foreign entity, the partial sale guidance still applies. As such, a pro rata portion of the cumulative translation adjustment should be released into net income upon a partial sale of such an equity method investment. Adoption of the guidance did not have a significant effect on the Company’s consolidated financial position, results of operations or financial statement disclosures. In February 2013, the FASB issued updated guidance (ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income ) regarding the presentation of comprehensive income. Under the guidance, an entity is required to separately present information about significant items reclassified out of AOCI by component as well as changes in AOCI balances by component in either the financial statements or the notes to the financial statements. The guidance does not change the items that are reported in other comprehensive income, does not change when an item of other comprehensive income must be reclassified to net income, and does not amend any existing requirements for reporting net income or other comprehensive income. The guidance became effective for interim or annual reporting periods that began after December 15, 2012, and was applied prospectively. The disclosures required by this guidance are included in Note 7. In December 2011 and January 2013, the FASB issued updated guidance (ASU 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities ) regarding the disclosure of recognized derivative instruments (including bifurcated embedded derivatives), repurchase agreements and securities borrowing/lending transactions that are offset in the statement of financial position or are subject to an enforceable master netting arrangement or similar agreement (irrespective of whether they are offset in the statement of financial position). The new guidance requires an entity to disclose information on both a gross and net basis about instruments and transactions within the scope of this guidance. The new guidance became effective for interim or annual reporting periods that began on or after January 1, 2013, and was applied retrospectively for all comparative periods presented. The disclosures required by this guidance are included in Note 14.
Future Adoption of New Accounting Pronouncements	Future Adoption of New Accounting Pronouncements In May 2014, the FASB issued updated guidance (ASU 2014-09, Revenue from Contracts with Customers (Topic 606) ) on accounting for revenue recognition. The guidance is based on the core principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The guidance also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from cost incurred to obtain or fulfill a contract. Revenue recognition for insurance contracts is explicitly scoped out of the guidance. In August 2015, the FASB issued an update to defer the original effective date of this guidance. As a result of the deferral, the new guidance is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2017, and must be applied using one of two retrospective application methods. Early adoption is permitted only for annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations and financial statement disclosures. In August 2014, the FASB issued updated guidance (ASU 2014-13, Consolidation (Topic 810): Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity ) for measuring the financial assets and the financial liabilities of a consolidated collateralized financing entity. Under the guidance, an entity within scope is permitted to measure both the financial assets and financial liabilities of a consolidated collateralized financing entity based on either the fair value of the financial assets or the financial liabilities, whichever is more observable. If adopted, the guidance eliminates the measurement difference that exists when both are measured at fair value. The Company adopted the updated guidance effective January 1, 2016, and applied the modified retrospective method of adoption. This guidance did not have a significant impact on the Company’s consolidated financial position, results of operations, or financial statement disclosures. In February 2015, the FASB issued updated guidance (ASU 2015-02, Consolidation (Topic 810): Amendments to Consolidation Analysis) that modifies the rules regarding consolidation. The pronouncement eliminates specialized guidance for limited partnerships and similar legal entities, and removes the indefinite deferral for certain investment funds. The new guidance is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015, with early adoption permitted. The Company adopted the updated guidance effective January 1, 2016, resulting in the deconsolidation of certain of its previously consolidated collateralized loan obligations (“CLOs”), as its fee arrangements are no longer deemed variable interests in these entities. The Company continues to consolidate CLOs where it retains other economic interests which absorb more than an insignificant amount of the CLOs expected variability. The impact to the Company’s consolidated statements of financial position upon adoption of the updated guidance is primarily the deconsolidation of approximately $5.5 billion of “Total assets” (including $5.1 billion of “Total investments”), approximately $5.5 billion of “Total liabilities” (including $5.1 billion of “Notes issued by consolidated variable interest entities”) with an adjustment to “Total equity” of approximately $12 million . In April 2015, the FASB issued guidance (ASU 2015-03, Interest — Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs ) that simplifies presentation of debt issuance costs. The pronouncement requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The new guidance is effective for periods beginning after December 15, 2015, with early adoption permitted, and it must be applied retrospectively. The Company does not expect the impact of the guidance to have a significant effect on the Company’s consolidated financial position and financial statement disclosures. In May 2015, the FASB issued final guidance (ASU 2015-09, Financial Services — Insurance (Topic 944): Disclosures about Short-Duration Contracts ) that aims to enhance disclosures about insurance contracts classified as short-duration. The new disclosure requirements focus on providing users of financial statements with more transparent information about an insurance entity’s initial claim estimates and subsequent adjustments to those estimates, methodologies and judgments in estimating claims, and timing, frequency and severity of claims as they relate to short-duration insurance contracts. The new guidance is effective for annual periods beginning after December 15, 2015 and interim periods within annual periods beginning after December 15, 2016 and is to be applied retrospectively. The Company is currently assessing the impact of the guidance on the Company’s financial statement disclosures but has concluded that this guidance will not impact the Company’s consolidated financial position or results of operations. In January 2016, the FASB issued updated guidance (ASU 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities ) on the recognition and measurement of financial assets and financial liabilities. The guidance revises an entity’s accounting related to the classification and measurement of certain equity investments and the presentation of certain fair value changes for financial liabilities measured at fair value. The guidance also amends certain disclosure requirements associated with the fair value of financial instruments. The new guidance is effective for annual periods and interim reporting periods within those annual periods beginning after December 15, 2017. Early adoption is not permitted except for the provisions related to the presentation of certain fair value changes for financial liabilities measured at fair value. The Company is currently assessing the impact of the guidance on the Company’s consolidation financial position, results of operations and financial statement disclosures.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2015
Investments [Abstract]
Fixed Maturities and Equity Securities, Available-for-sale Securities	The following tables provide information relating to fixed maturities and equity securities (excluding investments classified as trading) as of the dates indicated: December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(4) (in millions) Fixed maturities, available-for-sale U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 14,992 $ 3,544 $ 19 $ 18,517 $ 0 Obligations of U.S. states and their political subdivisions 8,089 747 41 8,795 0 Foreign government bonds 71,849 12,011 147 83,713 1 U.S. corporate public securities 70,979 6,344 1,955 75,368 (3 ) U.S. corporate private securities(1) 28,525 2,278 359 30,444 0 Foreign corporate public securities 26,354 2,821 621 28,554 0 Foreign corporate private securities 19,393 739 994 19,138 0 Asset-backed securities(2) 10,121 226 121 10,226 (452 ) Commercial mortgage-backed securities 10,337 195 70 10,462 (1 ) Residential mortgage-backed securities(3) 4,777 335 6 5,106 (4 ) Total fixed maturities, available-for-sale(1) $ 265,416 $ 29,240 $ 4,333 $ 290,323 $ (459 ) Equity securities, available-for-sale $ 6,847 $ 2,570 $ 143 $ 9,274 December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Fixed maturities, held-to-maturity Foreign government bonds $ 816 $ 196 $ 0 $ 1,012 Foreign corporate public securities 625 62 0 687 Foreign corporate private securities(5) 78 4 0 82 Commercial mortgage-backed securities 33 1 0 34 Residential mortgage-backed securities(3) 756 53 0 809 Total fixed maturities, held-to-maturity(5) $ 2,308 $ 316 $ 0 $ 2,624 __________ (1) Excludes notes with amortized cost of $1,050 million (fair value, $1,039 million ) which have been offset with the associated payables under a netting agreement. (2) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Represents the amount of OTTI losses in AOCI, which were not included in earnings. Amount excludes $693 million of net unrealized gains on impaired available-for-sale securities and less than $1 million of net unrealized gains on impaired held-to-maturity securities relating to changes in the value of such securities subsequent to the impairment measurement date. (5) Excludes notes with amortized cost of $3,850 million (fair value, $4,081 million ) which have been offset with the associated payables under a netting agreement.
Fixed Maturities, Held-to-maturity Securities	December 31, 2014(6) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(4) (in millions) Fixed maturities, available-for-sale U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 15,807 $ 4,321 $ 5 $ 20,123 $ 0 Obligations of U.S. states and their political subdivisions 5,720 814 3 6,531 0 Foreign government bonds 69,894 11,164 117 80,941 (1 ) U.S. corporate public securities 70,960 9,642 536 80,066 (6 ) U.S. corporate private securities(1) 27,767 3,082 89 30,760 0 Foreign corporate public securities 27,515 3,768 214 31,069 0 Foreign corporate private securities 17,389 1,307 215 18,481 0 Asset-backed securities(2) 10,966 353 134 11,185 (592 ) Commercial mortgage-backed securities 13,486 430 39 13,877 (1 ) Residential mortgage-backed securities(3) 5,612 448 3 6,057 (5 ) Total fixed maturities, available-for-sale(1) $ 265,116 $ 35,329 $ 1,355 $ 299,090 $ (605 ) Equity securities, available-for-sale $ 6,921 $ 3,023 $ 83 $ 9,861 December 31, 2014(6) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Fixed maturities, held-to-maturity Foreign government bonds $ 821 $ 184 $ 0 $ 1,005 Foreign corporate public securities 635 64 1 698 Foreign corporate private securities(5) 78 4 0 82 Commercial mortgage-backed securities 78 7 0 85 Residential mortgage-backed securities(3) 963 69 0 1,032 Total fixed maturities, held-to-maturity(5) $ 2,575 $ 328 $ 1 $ 2,902 __________ (1) Excludes notes with amortized cost of $385 million (fair value, $385 million ) which have been offset with the associated payables under a netting agreement. (2) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans, and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Represents the amount of OTTI losses in AOCI, which were not included in earnings. Amount excludes $954 million of net unrealized gains on impaired available-for-sale securities and $1 million of net unrealized gains on impaired held-to-maturity securities relating to changes in the value of such securities subsequent to the impairment measurement date. (5) Excludes notes with amortized cost of $3,588 million (fair value, $3,953 million ) which have been offset with the associated payables under a netting agreement. (6) Prior period amounts are presented on a basis consistent with the current period presentation.
Investments Classified by Contractual Maturity Date	The amortized cost and fair value of fixed maturities by contractual maturities at December 31, 2015 , are as follows: December 31, 2015 Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value (in millions) Due in one year or less $ 8,599 $ 9,200 $ 0 $ 0 Due after one year through five years 46,088 50,303 73 78 Due after five years through ten years 57,566 62,024 437 485 Due after ten years(1) 127,928 143,002 1,009 1,218 Asset-backed securities 10,121 10,226 0 0 Commercial mortgage-backed securities 10,337 10,462 33 34 Residential mortgage-backed securities 4,777 5,106 756 809 Total $ 265,416 $ 290,323 $ 2,308 $ 2,624 __________ (1) Excludes available-for-sale notes with amortized cost of $1,050 million (fair value, $1,039 million ) and held-to-maturity notes with amortized cost of $3,850 million (fair value, $4,081 million ), which have been offset with the associated payables under a netting agreement.
Sources of Fixed Maturity Proceeds, Related Investment Gains (Losses), and Losses on Impairments of Fixed Maturities and Equity Securities	The following table depicts the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on impairments of both fixed maturities and equity securities: 2015 2014 2013 (in millions) Fixed maturities, available-for-sale Proceeds from sales $ 27,679 $ 28,359 $ 37,248 Proceeds from maturities/repayments 19,559 21,040 23,573 Gross investment gains from sales, prepayments, and maturities 2,115 1,664 1,571 Gross investment losses from sales and maturities (340 ) (414 ) (1,465 ) Fixed maturities, held-to-maturity Gross investment gains from prepayments $ 0 $ 0 $ 0 Proceeds from maturities/repayments 235 415 583 Equity securities, available-for-sale Proceeds from sales $ 4,589 $ 4,993 $ 4,235 Gross investment gains from sales 746 676 554 Gross investment losses from sales (169 ) (132 ) (94 ) Fixed maturity and equity security impairments Net writedowns for other-than-temporary impairment losses on fixed maturities recognized in earnings(1) $ (141 ) $ (56 ) $ (200 ) Writedowns for impairments on equity securities (126 ) (32 ) (15 ) __________ (1) Excludes the portion of OTTI recorded in “Other comprehensive income (loss),” representing any difference between the fair value of the impaired debt security and the net present value of its projected future cash flows at the time of impairment.
Credit Losses Recognized in Earnings on Fixed Maturity Securities Held by the Company for which a Portion of the OTTI Loss was Recognized in OCI	The following table sets forth the amount of pre-tax credit loss impairments on fixed maturity securities held by the Company as of the dates indicated, for which a portion of the OTTI loss was recognized in “Other comprehensive income (loss)”, and the corresponding changes in such amounts: Year Ended December 31, 2015 2014 (in millions) Balance, beginning of period $ 781 $ 968 Credit loss impairments previously recognized on securities which matured, paid down, prepaid or were sold during the period (243 ) (230 ) Credit loss impairments previously recognized on securities impaired to fair value during the period(1) (20 ) (6 ) Credit loss impairments recognized in the current period on securities not previously impaired 3 16 Additional credit loss impairments recognized in the current period on securities previously impaired 3 6 Increases due to the passage of time on previously recorded credit losses 20 42 Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected (12 ) (15 ) Balance, end of period $ 532 $ 781 __________ (1) Represents circumstances where the Company determined in the current period that it intends to sell the security or it is more likely than not that it will be required to sell the security before recovery of the security’s amortized cost.
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure	The following table sets forth the composition of “Trading account assets supporting insurance liabilities” as of the dates indicated: December 31, 2015 December 31, 2014 Amortized Cost Fair Value Amortized Cost Fair Value (in millions) Short-term investments and cash equivalents $ 765 $ 765 $ 196 $ 196 Fixed maturities: Corporate securities 12,797 12,851 11,922 12,439 Commercial mortgage-backed securities 1,860 1,862 2,505 2,546 Residential mortgage-backed securities(1) 1,411 1,428 1,640 1,676 Asset-backed securities(2) 1,295 1,299 1,180 1,198 Foreign government bonds 680 694 621 650 U.S. government authorities and agencies and obligations of U.S. states 326 369 303 372 Total fixed maturities 18,369 18,503 18,171 18,881 Equity securities 1,030 1,254 896 1,186 Total trading account assets supporting insurance liabilities $ 20,164 $ 20,522 $ 19,263 $ 20,263 __________ (1) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (2) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types.
Other Trading Account Assets Disclosure	The following table sets forth the composition of the “Other trading account assets” as of the dates indicated: December 31, 2015 December 31, 2014 Amortized Cost Fair Value Amortized Cost Fair Value (in millions) Short-term investments and cash equivalents $ 26 $ 26 $ 27 $ 27 Fixed maturities 11,132 10,764 8,306 8,282 Equity securities 1,006 1,098 992 1,105 Other 12 15 7 11 Subtotal $ 12,176 11,903 $ 9,332 9,425 Derivative instruments 2,555 1,449 Total other trading account assets $ 14,458 $ 10,874
Investments Securities Disclosure	As of both December 31, 2015 and 2014 , the Company’s exposure to concentrations of credit risk of single issuers greater than 10% of the Company’s stockholders’ equity included securities of the U.S. government, certain U.S. government agencies and certain securities guaranteed by the U.S. government, as well as the securities disclosed below. December 31, 2015 December 31, 2014 Amortized Cost Fair Value Amortized Cost Fair Value (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 53,851 $ 61,911 $ 52,703 $ 60,379 Fixed maturities, held-to-maturity 796 988 801 981 Trading account assets supporting insurance liabilities 492 502 457 470 Other trading account assets 33 33 36 36 Short-term investments 0 0 0 0 Cash equivalents 0 0 0 0 Total $ 55,172 $ 63,434 $ 53,997 $ 61,866 December 31, 2015 December 31, 2014 Amortized Cost Fair Value Amortized Cost Fair Value (in millions) Investments in South Korean government and government agency securities: Fixed maturities, available-for-sale $ 7,191 $ 9,233 $ 6,927 $ 8,438 Fixed maturities, held-to-maturity 0 0 0 0 Trading account assets supporting insurance liabilities 44 44 49 50 Other trading account assets 0 0 0 0 Short-term investments 0 0 0 0 Cash equivalents 0 0 0 0 Total $ 7,235 $ 9,277 $ 6,976 $ 8,488
Commercial Mortgage and Other Loans	The Company’s commercial mortgage and other loans are comprised as follows, as of the dates indicated: December 31, 2015 December 31, 2014 Amount (in millions) % of Total Amount (in millions) % of Total Commercial mortgage and agricultural property loans by property type: Office $ 11,226 22.9 % $ 9,612 21.5 % Retail 8,917 18.2 8,765 19.6 Apartments/Multi-Family 12,034 24.5 10,369 23.2 Industrial 7,775 15.9 7,628 16.9 Hospitality 2,513 5.1 2,270 5.1 Other 3,722 7.6 3,659 8.2 Total commercial mortgage loans 46,187 94.2 42,303 94.5 Agricultural property loans 2,859 5.8 2,445 5.5 Total commercial mortgage and agricultural property loans by property type 49,046 100.0 % 44,748 100.0 % Valuation allowance (99 ) (105 ) Total net commercial mortgage and agricultural property loans by property type 48,947 44,643 Other loans: Uncollateralized loans 1,012 1,092 Residential property loans 301 392 Other collateralized loans 312 319 Total other loans 1,625 1,803 Valuation allowance (13 ) (14 ) Total net other loans 1,612 1,789 Total commercial mortgage and other loans(1) $ 50,559 $ 46,432 __________ (1) Includes loans held at fair value.
Allowance for Losses	Activity in the allowance for credit losses for all commercial mortgage and other loans, as of the dates indicated, is as follows: December 31, 2015 Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Allowance for credit losses, beginning of year $ 104 $ 1 $ 5 $ 0 $ 9 $ 119 Addition to (release of) allowance of losses (7 ) 1 (2 ) 0 1 (7 ) Charge-offs, net of recoveries 0 0 0 0 0 0 Change in foreign exchange 0 0 0 0 0 0 Total ending balance $ 97 $ 2 $ 3 $ 0 $ 10 $ 112 December 31, 2014 Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Allowance for credit losses, beginning of year $ 188 $ 7 $ 6 $ 3 $ 12 $ 216 Addition to (release of) allowance of losses (77 ) (6 ) (1 ) (1 ) (2 ) (87 ) Charge-offs, net of recoveries (7 ) 0 0 (2 ) 0 (9 ) Change in foreign exchange 0 0 0 0 (1 ) (1 ) Total ending balance $ 104 $ 1 $ 5 $ 0 $ 9 $ 119
Allowance for Credit Losses and Recorded Investment in Commercial Mortgage and Other Loans	The following tables set forth the allowance for credit losses and the recorded investment in commercial mortgage and other loans as of the dates indicated: December 31, 2015 Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Allowance for Credit Losses: Individually evaluated for impairment $ 1 $ 0 $ 0 $ 0 $ 0 $ 1 Collectively evaluated for impairment 96 2 3 0 10 111 Loans acquired with deteriorated credit quality 0 0 0 0 0 0 Total ending balance $ 97 $ 2 $ 3 $ 0 $ 10 $ 112 Recorded Investment(1): Gross of reserves: individually evaluated for impairment $ 111 $ 8 $ 0 $ 0 $ 2 $ 121 Gross of reserves: collectively evaluated for impairment 46,076 2,851 301 312 1,010 50,550 Gross of reserves: loans acquired with deteriorated credit quality 0 0 0 0 0 0 Total ending balance, gross of reserves $ 46,187 $ 2,859 $ 301 $ 312 $ 1,012 $ 50,671 __________ (1) Recorded investment reflects the balance sheet carrying value gross of related allowance. December 31, 2014(1) Commercial Mortgage Loans Agricultural Property Loans Residential Property Loans Other Collateralized Loans Uncollateralized Loans Total (in millions) Allowance for Credit Losses: Individually evaluated for impairment $ 8 $ 0 $ 0 $ 0 $ 0 $ 8 Collectively evaluated for impairment 96 1 5 0 9 111 Loans acquired with deteriorated credit quality 0 0 0 0 0 0 Total ending balance $ 104 $ 1 $ 5 $ 0 $ 9 $ 119 Recorded Investment(2): Gross of reserves: individually evaluated for impairment $ 247 $ 4 $ 0 $ 1 $ 2 $ 254 Gross of reserves: collectively evaluated for impairment 42,056 2,441 392 318 1,090 46,297 Gross of reserves: loans acquired with deteriorated credit quality 0 0 0 0 0 0 Total ending balance, gross of reserves $ 42,303 $ 2,445 $ 392 $ 319 $ 1,092 $ 46,551 __________ (1) Prior period amounts are presented on a basis consistent with current period presentation. (2) Recorded investment reflects the balance sheet carrying value gross of related allowance.
Impaired Financing Receivables	Impaired commercial mortgage and other loans identified in management’s specific review of probable loan losses and the related allowance for losses, as of the dates indicated, are as follows: December 31, 2015 Recorded Investment(1) Unpaid Principal Balance Related Allowance Average Recorded Investment Before Allowance(2) Interest Income Recognized(3) (in millions) With no related allowance recorded: Commercial mortgage loans $ 0 $ 0 $ 0 $ 0 $ 0 Agricultural property loans 0 0 0 2 0 Residential property loans 0 0 0 0 0 Other collateralized loans 0 0 0 0 0 Uncollateralized loans 0 1 0 0 0 Total with no related allowance $ 0 $ 1 $ 0 $ 2 $ 0 With an allowance recorded: Commercial mortgage loans $ 1 $ 1 $ 1 $ 52 $ 3 Agricultural property loans 0 0 0 0 0 Residential property loans 0 0 0 0 0 Other collateralized loans 0 0 0 0 0 Uncollateralized loans 0 0 0 0 0 Total with related allowance $ 1 $ 1 $ 1 $ 52 $ 3 Total: Commercial mortgage loans $ 1 $ 1 $ 1 $ 52 $ 3 Agricultural property loans 0 0 0 2 0 Residential property loans 0 0 0 0 0 Other collateralized loans 0 0 0 0 0 Uncollateralized loans 0 1 0 0 0 Total $ 1 $ 2 $ 1 $ 54 $ 3 __________ (1) Recorded investment reflects the balance sheet carrying value gross of related allowance. (2) Average recorded investment represents the average of the beginning-of-period and all subsequent quarterly end-of-period balances. (3) The interest income recognized is for the year-to-date income regardless of when the impairment occurred. December 31, 2014 Recorded Investment(1) Unpaid Principal Balance Related Allowance Average Recorded Investment Before Allowance(2) Interest Income Recognized(3) (in millions) With no related allowance recorded: Commercial mortgage loans $ 8 $ 8 $ 0 $ 16 $ 1 Agricultural property loans 4 4 0 4 0 Residential property loans 0 0 0 0 0 Other collateralized loans 0 0 0 0 0 Uncollateralized loans 0 1 0 0 0 Total with no related allowance $ 12 $ 13 $ 0 $ 20 $ 1 With an allowance recorded: Commercial mortgage loans $ 76 $ 76 $ 8 $ 82 $ 6 Agricultural property loans 0 0 0 0 0 Residential property loans 0 0 0 0 0 Other collateralized loans 0 0 0 3 1 Uncollateralized loans 0 0 0 0 0 Total with related allowance $ 76 $ 76 $ 8 $ 85 $ 7 Total: Commercial mortgage loans $ 84 $ 84 $ 8 $ 98 $ 7 Agricultural property loans 4 4 0 4 0 Residential property loans 0 0 0 0 0 Other collateralized loans 0 0 0 3 1 Uncollateralized loans 0 1 0 0 0 Total $ 88 $ 89 $ 8 $ 105 $ 8 __________ (1) Recorded investment reflects the balance sheet carrying value gross of related allowance. (2) Average recorded investment represents the average of the beginning-of-period and all subsequent quarterly end-of-period balances. (3) The interest income recognized is for the year-to-date income regardless of when the impairments occurred.
Financing Receivable Credit Quality Indicators	The following tables set forth certain key credit quality indicators as of December 31, 2015 , based upon the recorded investment gross of allowance for credit losses. Commercial mortgage loans Debt Service Coverage Ratio—December 31, 2015 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in millions) Loan-to-Value Ratio 0%-59.99% $ 25,978 $ 515 $ 207 $ 26,700 60%-69.99% 12,191 395 234 12,820 70%-79.99% 5,668 500 97 6,265 Greater than 80% 119 151 132 402 Total commercial mortgage loans $ 43,956 $ 1,561 $ 670 $ 46,187 Agricultural property loans Debt Service Coverage Ratio—December 31, 2015 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in millions) Loan-to-Value Ratio 0%-59.99% $ 2,587 $ 84 $ 3 $ 2,674 60%-69.99% 185 0 0 185 70%-79.99% 0 0 0 0 Greater than 80% 0 0 0 0 Total agricultural property loans $ 2,772 $ 84 $ 3 $ 2,859 Total commercial mortgage and agricultural property loans Debt Service Coverage Ratio—December 31, 2015 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in millions) Loan-to-Value Ratio 0%-59.99% $ 28,565 $ 599 $ 210 $ 29,374 60%-69.99% 12,376 395 234 13,005 70%-79.99% 5,668 500 97 6,265 Greater than 80% 119 151 132 402 Total commercial mortgage and agricultural property loans $ 46,728 $ 1,645 $ 673 $ 49,046 The following tables set forth certain key credit quality indicators as of December 31, 2014 , based upon the recorded investment gross of allowance for credit losses. Commercial mortgage loans Debt Service Coverage Ratio—December 31, 2014 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in millions) Loan-to-Value Ratio 0%-59.99% $ 22,557 $ 637 $ 207 $ 23,401 60%-69.99% 12,563 500 237 13,300 70%-79.99% 4,354 664 21 5,039 Greater than 80% 234 127 202 563 Total commercial mortgage loans $ 39,708 $ 1,928 $ 667 $ 42,303 Agricultural property loans Debt Service Coverage Ratio—December 31, 2014 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in millions) Loan-to-Value Ratio 0%-59.99% $ 2,152 $ 140 $ 2 $ 2,294 60%-69.99% 151 0 0 151 70%-79.99% 0 0 0 0 Greater than 80% 0 0 0 0 Total agricultural property loans $ 2,303 $ 140 $ 2 $ 2,445 Total commercial mortgage and agricultural property loans Debt Service Coverage Ratio—December 31, 2014 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in millions) Loan-to-Value Ratio 0%-59.99% $ 24,709 $ 777 $ 209 $ 25,695 60%-69.99% 12,714 500 237 13,451 70%-79.99% 4,354 664 21 5,039 Greater than 80% 234 127 202 563 Total commercial mortgage and agricultural property loans $ 42,011 $ 2,068 $ 669 $ 44,748
Aging of Past Due Commercial Mortgage and Other Loans and Nonaccrual Status	The following tables provide an aging of past due commercial mortgage and other loans as of the dates indicated, based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage loans on nonaccrual status as of the dates indicated. December 31, 2015 Current 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days - Accruing Greater Than 90 Days - Not Accruing Total Past Due Total Commercial Mortgage and Other Loans Non- Accrual Status (in millions) Commercial mortgage loans $ 46,187 $ 0 $ 0 $ 0 $ 0 $ 0 $ 46,187 $ 53 Agricultural property loans 2,856 2 0 0 1 3 2,859 1 Residential property loans 288 7 0 0 6 13 301 6 Other collateralized loans 312 0 0 0 0 0 312 0 Uncollateralized loans 1,012 0 0 0 0 0 1,012 0 Total $ 50,655 $ 9 $ 0 $ 0 $ 7 $ 16 $ 50,671 $ 60 December 31, 2014 Current 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days - Accruing Greater Than 90 Days - Not Accruing Total Past Due Total Commercial Mortgage and Other Loans Non- Accrual Status (in millions) Commercial mortgage loans $ 42,239 $ 62 $ 0 $ 0 $ 2 $ 64 $ 42,303 $ 101 Agricultural property loans 2,443 0 1 0 1 2 2,445 1 Residential property loans 375 7 2 0 8 17 392 8 Other collateralized loans 319 0 0 0 0 0 319 0 Uncollateralized loans 1,092 0 0 0 0 0 1,092 0 Total $ 46,468 $ 69 $ 3 $ 0 $ 11 $ 83 $ 46,551 $ 110
Schedule of Other Long Term Investments	The following table sets forth the composition of “Other long-term investments” at December 31 for the years indicated. 2015 2014 (in millions) Joint ventures and limited partnerships: Non-real estate-related $ 6,447 $ 6,527 Real estate-related 1,085 1,018 Total joint ventures and limited partnerships 7,532 7,545 Real estate held through direct ownership 1,464 2,235 Other 990 1,141 Total other long-term investments $ 9,986 $ 10,921
Equity Method Investments	The following tables set forth summarized combined financial information for significant joint ventures and limited partnership interests accounted for under the equity method, including the Company’s investments in operating joint ventures that are described in more detail in Note 7. Changes between periods in the tables below reflect changes in the activities within the joint ventures and limited partnerships, as well as changes in the Company’s level of investment in such entities. At December 31, 2015 2014 (in millions) STATEMENT OF FINANCIAL POSITION Total assets(1) $ 53,799 $ 50,602 Total liabilities(2) $ 13,610 $ 13,152 Partners’ capital 40,189 37,450 Total liabilities and partners’ capital $ 53,799 $ 50,602 Total liabilities and partners’ capital included above $ 4,398 $ 4,599 Equity in limited partnership interests not included above 142 42 Carrying value $ 4,540 $ 4,641 __________ (1) Assets consist primarily of investments in real estate, investments in securities and other miscellaneous assets. (2) Liabilities consist primarily of third-party-borrowed funds, securities repurchase agreements and other miscellaneous liabilities. Years ended December 31, 2015 2014 2013 (in millions) STATEMENTS OF OPERATIONS Total revenue(1) $ 4,356 $ 5,632 $ 4,013 Total expenses(2) (1,803 ) (1,654 ) (943 ) Net earnings (losses) $ 2,553 $ 3,978 $ 3,070 Equity in net earnings (losses) included above $ 216 $ 522 $ 255 Equity in net earnings (losses) of limited partnership interests not included above 32 72 77 Total equity in net earnings (losses) $ 248 $ 594 $ 332 __________ (1) Revenue consists of income from investments in real estate, investments in securities and other income. (2) Expenses consist primarily of interest expense, management fees, salary expenses and other expenses. The following table sets forth information related to the Company’s investments in operating joint ventures as of and for the years ended December 31: 2015 2014 2013 (in millions) Investment in operating joint ventures $ 341 $ 325 $ 361 Dividends received from operating joint ventures $ 27 $ 27 $ 31 After-tax equity earnings of operating joint ventures(1) $ 15 $ 16 $ 59 ________________ (1) Includes gains associated with sales of the Company’s previous investment, through a consortium, in China Pacific Group, for which the Company’s remaining shares were sold in January 2013. For the year ended December 31, 2013 , the Company recognized a pre-tax gain of $66 million from the sale of this investment.
Net Investment Income	Net investment income for the years ended December 31, was from the following sources: 2015 2014 2013 (in millions) Fixed maturities, available-for-sale(1) $ 10,347 $ 10,558 $ 10,541 Fixed maturities, held-to-maturity(1) 202 185 125 Equity securities, available-for-sale 337 354 337 Trading account assets 1,205 1,074 963 Commercial mortgage and other loans 2,255 2,103 1,985 Policy loans 619 632 611 Short-term investments and cash equivalents 56 38 40 Other long-term investments 717 1,050 710 Gross investment income 15,738 15,994 15,312 Less: investment expenses (909 ) (738 ) (583 ) Net investment income $ 14,829 $ 15,256 $ 14,729 __________ (1) Includes income on credit-linked notes which are reported on the same financial line item as related surplus notes, as conditions are met for right to offset.
Realized Gain (Loss) on Investments	Realized investment gains (losses), net, for the years ended December 31, were from the following sources: 2015 2014 2013 (in millions) Fixed maturities $ 1,634 $ 1,194 $ (93 ) Equity securities 451 512 444 Commercial mortgage and other loans 37 110 79 Investment real estate 40 (5 ) 2 Joint ventures and limited partnerships (122 ) (15 ) 34 Derivatives(1) 1,970 (182 ) (5,688 ) Other 15 22 16 Realized investment gains (losses), net $ 4,025 $ 1,636 $ (5,206 ) __________ (1) Includes the offset of hedged items in qualifying effective hedge relationships prior to maturity or termination.
Unrealized Gains and (Losses) on Investments	The table below presents net unrealized gains (losses) on investments by asset class as of the dates indicated: 2015 2014 2013 (in millions) Fixed maturity securities on which an OTTI loss has been recognized $ 234 $ 349 $ 110 Fixed maturity securities, available-for-sale—all other 24,673 33,625 18,029 Equity securities, available-for-sale 2,427 2,940 2,907 Derivatives designated as cash flow hedges(1) 1,165 206 (446 ) Other investments(2) (25 ) (7 ) 4 Net unrealized gains (losses) on investments $ 28,474 $ 37,113 $ 20,604 __________ (1) See Note 21 for more information on cash flow hedges. (2) As of December 31, 2015 , there were $0 million of net unrealized losses on held-to-maturity securities that were previously transferred from available-for-sale. Includes net unrealized losses on certain joint ventures that are strategic in nature and are included in “Other assets,” and losses on notes associated with payables under a netting agreement.
Duration Of Gross Unrealized Losses On Fixed Maturity and Equity Securities	The following table shows the fair value and gross unrealized losses aggregated by investment category and length of time that individual fixed maturity securities and equity securities have been in a continuous unrealized loss position, at December 31 for the years indicated: 2015 Less than twelve months Twelve months or more Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in millions) Fixed maturities(1) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 3,068 $ 19 $ 0 $ 0 $ 3,068 $ 19 Obligations of U.S. states and their political subdivisions 1,391 40 7 1 1,398 41 Foreign government bonds 1,925 82 411 65 2,336 147 U.S. corporate public securities 24,642 1,396 3,455 559 28,097 1,955 U.S. corporate private securities 6,996 266 802 93 7,798 359 Foreign corporate public securities 5,985 288 1,584 333 7,569 621 Foreign corporate private securities 6,199 340 3,917 654 10,116 994 Commercial mortgage-backed securities 3,888 63 473 7 4,361 70 Asset-backed securities 4,342 33 3,138 88 7,480 121 Residential mortgage-backed securities 558 4 119 2 677 6 Total $ 58,994 $ 2,531 $ 13,906 $ 1,802 $ 72,900 $ 4,333 Equity securities, available-for-sale $ 1,862 $ 142 $ 11 $ 1 $ 1,873 $ 143 __________ (1) Includes $0 million of fair value and $0 million of gross unrealized losses at December 31, 2015 , on securities classified as held-to-maturity, a portion of which is not reflected in AOCI. 2014(2) Less than twelve months Twelve months or more Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in millions) Fixed maturities(1) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 2,145 $ 5 $ 10 $ 0 $ 2,155 $ 5 Obligations of U.S. states and their political subdivisions 105 1 89 2 194 3 Foreign government bonds 839 26 1,052 91 1,891 117 U.S. corporate public securities 4,213 95 9,548 441 13,761 536 U.S. corporate private securities 1,866 55 838 34 2,704 89 Foreign corporate public securities 1,902 72 2,400 143 4,302 215 Foreign corporate private securities 3,345 179 560 36 3,905 215 Commercial mortgage-backed securities 1,299 6 1,746 33 3,045 39 Asset-backed securities 3,417 16 3,229 118 6,646 134 Residential mortgage-backed securities 35 0 194 3 229 3 Total $ 19,166 $ 455 $ 19,666 $ 901 $ 38,832 $ 1,356 Equity securities, available-for-sale $ 1,670 $ 82 $ 9 $ 1 $ 1,679 $ 83 __________ (1) Includes $91 million of fair value and $1 million of gross unrealized losses at December 31, 2014 , on securities classified as held-to-maturity, a portion of which is not reflected in AOCI. (2) Prior period amounts are presented on a basis consistent with the current period presentation.
Transfer of Certain Financial Assets Accounted for as Secured Borrowings	The following table sets forth the composition of repurchase agreements as of the date indicated. December 31, 2015 Remaining Contractual Maturity of the Agreements Overnight & Continuous Up to 30 Days 30 to 90 Days Greater than 90 Days Total (in millions) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 1,991 $ 4,513 $ 253 $ 0 $ 6,757 Obligations of U.S. states and their political subdivisions 0 0 0 0 0 Foreign government bonds 0 0 0 0 0 U.S. corporate public securities 11 0 0 0 11 U.S. corporate private securities 0 0 0 0 0 Foreign corporate public securities 0 0 0 0 0 Foreign corporate private securities 0 0 0 0 0 Asset-backed securities 0 0 0 0 0 Commercial mortgage-backed securities 0 0 0 0 0 Residential mortgage-backed securities 169 945 0 0 1,114 Equity securities 0 0 0 0 0 Total repurchase agreements $ 2,171 $ 5,458 $ 253 $ 0 $ 7,882 The following table sets forth the composition of securities lending transactions as of the date indicated. December 31, 2015 Remaining Contractual Maturity of the Agreements Overnight & Continuous Up to 30 Days 30 to 90 Days Greater than 90 Days Total (in millions) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 94 $ 0 $ 0 $ 0 $ 94 Obligations of U.S. states and their political subdivisions 4 0 0 0 4 Foreign government bonds 0 0 0 0 0 U.S. corporate public securities 1,401 86 0 0 1,487 U.S. corporate private securities 0 0 0 0 0 Foreign corporate public securities 579 50 0 0 629 Foreign corporate private securities 0 0 0 0 0 Asset-backed securities 241 0 0 0 241 Commercial mortgage-backed securities 8 0 0 0 8 Residential mortgage-backed securities 0 97 0 0 97 Equity securities 936 0 0 0 936 Total securities lending transactions $ 3,263 $ 233 $ 0 $ 0 $ 3,496
Securities Pledged	At December 31, the carrying value of investments pledged to third parties as reported in the Consolidated Statements of Financial Position included the following: 2015 2014 (in millions) Fixed maturities $ 11,732 $ 15,338 Trading account assets supporting insurance liabilities 327 391 Other trading account assets 8 231 Separate account assets 2,128 2,861 Equity securities 903 512 Total securities pledged $ 15,098 $ 19,333

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2015
Variable Interest Entities [Abstract]
Schedule of Qualified Special Purpose Entities and Variable Interest Entities	The table below reflects the carrying amount and balance sheet caption in which the assets and liabilities of consolidated VIEs are reported. The liabilities primarily comprise obligations under debt instruments issued by the VIEs that are non-recourse to the Company. The creditors of these VIEs do not have recourse to the Company in excess of the assets contained within the VIEs. Consolidated VIEs for Which the Company is the Investment Manager Other Consolidated VIEs December 31, December 31, 2015 2014 2015 2014 (in millions) Fixed maturities, available-for-sale $ 0 $ 44 $ 179 $ 104 Fixed maturities, held-to-maturity 0 0 760 763 Trading account assets supporting insurance liabilities 0 0 10 11 Other trading account assets 9,536 6,943 0 0 Commercial mortgage and other loans 0 13 300 300 Other long-term investments 0 0 155 159 Cash and cash equivalents 337 623 1 0 Accrued investment income 56 39 3 3 Other assets 324 166 3 0 Total assets of consolidated VIEs $ 10,253 $ 7,828 $ 1,411 $ 1,340 Notes issued by consolidated VIEs $ 8,597 $ 6,058 $ 0 $ 0 Other liabilities 674 674 3 1 Total liabilities of consolidated VIEs $ 9,271 $ 6,732 $ 3 $ 1

Deferred Policy Acquisition C41

Deferred Policy Acquisition Costs (Tables)	12 Months Ended
	Dec. 31, 2015
Deferred Policy Acquisition Costs Disclosures [Abstract]
Schedule Of Deferred Acquisition Costs	The balances of and changes in DAC as of and for the years ended December 31, are as follows: 2015 2014 2013 (in millions) Balance, beginning of year $ 15,971 $ 16,512 $ 14,100 Capitalization of commissions, sales and issue expenses 2,653 2,694 2,902 Amortization—Impact of assumption and experience unlocking and true-ups 280 629 328 Amortization—All other (2,400 ) (2,602 ) (568 ) Change in unrealized investment gains and losses 477 (697 ) 492 Foreign currency translation and other (263 ) (565 ) (742 ) Balance, end of year $ 16,718 $ 15,971 $ 16,512

Investments in Operating Join42

Investments in Operating Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	The following tables set forth summarized combined financial information for significant joint ventures and limited partnership interests accounted for under the equity method, including the Company’s investments in operating joint ventures that are described in more detail in Note 7. Changes between periods in the tables below reflect changes in the activities within the joint ventures and limited partnerships, as well as changes in the Company’s level of investment in such entities. At December 31, 2015 2014 (in millions) STATEMENT OF FINANCIAL POSITION Total assets(1) $ 53,799 $ 50,602 Total liabilities(2) $ 13,610 $ 13,152 Partners’ capital 40,189 37,450 Total liabilities and partners’ capital $ 53,799 $ 50,602 Total liabilities and partners’ capital included above $ 4,398 $ 4,599 Equity in limited partnership interests not included above 142 42 Carrying value $ 4,540 $ 4,641 __________ (1) Assets consist primarily of investments in real estate, investments in securities and other miscellaneous assets. (2) Liabilities consist primarily of third-party-borrowed funds, securities repurchase agreements and other miscellaneous liabilities. Years ended December 31, 2015 2014 2013 (in millions) STATEMENTS OF OPERATIONS Total revenue(1) $ 4,356 $ 5,632 $ 4,013 Total expenses(2) (1,803 ) (1,654 ) (943 ) Net earnings (losses) $ 2,553 $ 3,978 $ 3,070 Equity in net earnings (losses) included above $ 216 $ 522 $ 255 Equity in net earnings (losses) of limited partnership interests not included above 32 72 77 Total equity in net earnings (losses) $ 248 $ 594 $ 332 __________ (1) Revenue consists of income from investments in real estate, investments in securities and other income. (2) Expenses consist primarily of interest expense, management fees, salary expenses and other expenses. The following table sets forth information related to the Company’s investments in operating joint ventures as of and for the years ended December 31: 2015 2014 2013 (in millions) Investment in operating joint ventures $ 341 $ 325 $ 361 Dividends received from operating joint ventures $ 27 $ 27 $ 31 After-tax equity earnings of operating joint ventures(1) $ 15 $ 16 $ 59 ________________ (1) Includes gains associated with sales of the Company’s previous investment, through a consortium, in China Pacific Group, for which the Company’s remaining shares were sold in January 2013. For the year ended December 31, 2013 , the Company recognized a pre-tax gain of $66 million from the sale of this investment.

Value of Business Acquired (Tab

Value of Business Acquired (Tables)	12 Months Ended
	Dec. 31, 2015
Present Value of Future Insurance Profits [Abstract]
Schedule of Present Value of Future Insurance Profits	The balances of and changes in VOBA as of and for the years ended December 31, are as follows: 2015(1) 2014 2013 (in millions) Balance, beginning of year $ 2,836 $ 3,675 $ 3,248 Acquisitions 0 7 1,370 Amortization—Impact of assumption and experience unlocking and true-ups 128 (175 ) 59 Amortization—All other (385 ) (420 ) (509 ) Change in unrealized investment gains and losses 214 (89 ) (55 ) Interest(2) 86 95 105 Foreign currency translation (57 ) (257 ) (543 ) Other 6 0 0 Balance, end of year $ 2,828 $ 2,836 $ 3,675 __________ (1) The VOBA balances at December 31, 2015 were $201 million , $36 million , $1,332 million , $0 million , $1,250 million , and $9 million related to the insurance transactions associated with the CIGNA, Prudential Annuities Holding Co., Gibraltar Life, Aoba Life, The Hartford Life Business, and Gibraltar BSN Life Berhad, respectively. The weighted average remaining expected life of VOBA varies by product. The weighted average remaining expected lives were approximately 12 , 5 , 8 , 6 , 10 , and 13 years for the VOBA related to CIGNA, Prudential Annuities Holding Co., Gibraltar Life., Aoba Life, The Hartford Life Business, and Gibraltar BSN Life Berhad, respectively. (2) The interest accrual rates vary by product. The interest rates for 2015 were 6.40% , 6.05% , 1.28% to 2.87% , 2.60% , 3.00% to 6.17% and 4.07% to 5.51% for the VOBA related to CIGNA, Prudential Annuities Holding Co., Gibraltar Life, Aoba Life, The Hartford Life Business, and Gibraltar BSN Life Berhad, respectively. The interest rates for 2014 were 6.40% , 6.10% , 1.28% to 2.87% , 2.60% , 3.00% to 6.17% and 4.07% to 5.51% for the VOBA related to CIGNA, Prudential Annuities Holding Co., Gibraltar Life, Aoba Life, The Hartford Life Business, and Gibraltar BSN Life Berhad, respectively. The interest rates for 2013 were 6.40% , 6.14% , 1.28% to 2.87% , 2.60% and 3.00% to 6.17% for the VOBA related to CIGNA, Prudential Annuities Holding Co., Gibraltar Life, Aoba Life and the Hartford Life Business, respectively.
Expected Amortization Expense of Ending Value of Future Insurance Profits	The following table provides estimated future amortization, net of interest, for the periods indicated. 2016 2017 2018 2019 2020 (in millions) Estimated future VOBA amortization $ 269 $ 249 $ 227 $ 209 $ 193

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the book value of goodwill by area are as follows: Retirement Asset Management International Insurance Total (in millions) Balance at December 31, 2012: Gross Goodwill $ 444 $ 238 $ 191 $ 873 Accumulated Impairment Losses 0 0 0 0 Net Goodwill 444 238 191 873 2013 Activity: Other(1) 0 2 (36 ) (34 ) Balance at December 31, 2013: Gross Goodwill 444 240 155 839 Accumulated Impairment Losses 0 0 0 0 Net Goodwill 444 240 155 839 2014 Activity: Acquisitions 0 0 18 18 Other(1) 0 (5 ) (21 ) (26 ) Balance at December 31, 2014: Gross Goodwill 444 235 152 831 Accumulated Impairment Losses 0 0 0 0 Net Goodwill 444 235 152 831 2015 Activity: Acquisitions 0 0 0 0 Other(1) 0 (4 ) (3 ) (7 ) Balance at December 31, 2015: Gross Goodwill 444 231 149 824 Accumulated Impairment Losses 0 0 0 0 Net Goodwill $ 444 $ 231 $ 149 $ 824 __________ (1) Other represents foreign currency translation and purchase price adjustments.
Schedule of Finite-Lived Intangible Assets	Other intangible balances at December 31, are as follows: 2015 2014 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (in millions) Subject to amortization: Mortgage servicing rights $ 500 $ (302 ) $ 198 $ 462 $ (265 ) $ 197 Customer relationships 268 (196 ) 72 275 (191 ) 84 Other 72 (42 ) 30 42 (32 ) 10 Not subject to amortization 3 N/A 3 3 N/A 3 Total $ 303 $ 294
Schedule of Indefinite-Lived Intangible Assets	Other intangible balances at December 31, are as follows: 2015 2014 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (in millions) Subject to amortization: Mortgage servicing rights $ 500 $ (302 ) $ 198 $ 462 $ (265 ) $ 197 Customer relationships 268 (196 ) 72 275 (191 ) 84 Other 72 (42 ) 30 42 (32 ) 10 Not subject to amortization 3 N/A 3 3 N/A 3 Total $ 303 $ 294

Policyholders' Liabilities (Tab

Policyholders' Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Schedule of Liability for Future Policy Benefits, by Product Segment	Policyholders’ account balances at December 31 for the years indicated are as follows: 2015 2014 (in millions) Individual annuities $ 37,384 $ 37,718 Group annuities 27,141 27,200 Guaranteed investment contracts and guaranteed interest accounts 14,122 14,428 Funding agreements 3,997 4,691 Interest-sensitive life contracts 32,502 30,406 Dividend accumulation and other 21,638 21,707 Total policyholders’ account balances $ 136,784 $ 136,150 Future policy benefits at December 31 for the years indicated are as follows: 2015 2014 (in millions) Life insurance $ 148,100 $ 143,842 Individual and group annuities and supplementary contracts 60,493 58,699 Other contract liabilities 12,872 12,172 Subtotal future policy benefits excluding unpaid claims and claim adjustment expenses 221,465 214,713 Unpaid claims and claim adjustment expenses 2,919 3,053 Total future policy benefits $ 224,384 $ 217,766

Certain Long-Duration Contrac46

Certain Long-Duration Contracts With Guarantees (Tables)	12 Months Ended
	Dec. 31, 2015
Certain Long-Duration Contracts With Guarantees [Abstract]
Schedule of Net Amount of Risk by Product and Guarantee	As of December 31, 2015 and 2014 , the Company had the following guarantees associated with these contracts, by product and guarantee type: December 31, 2015 December 31, 2014 In the Event of Death At Annuitization / Accumulation(1) In the Event of Death At Annuitization / Accumulation(1) ($ in millions) Annuity Contracts Return of net deposits Account value $ 115,317 $ 142 $ 118,629 $ 163 Net amount at risk $ 739 $ 0 $ 403 $ 0 Average attained age of contractholders 65 years 64 years 64 years 63 years Minimum return or contract value Account value $ 34,494 $ 131,005 $ 37,322 $ 134,938 Net amount at risk $ 4,212 $ 5,459 $ 2,856 $ 3,135 Average attained age of contractholders 67 years 64 years 66 years 62 years Average period remaining until earliest expected annuitization N/A 0.28 years N/A 0.29 years __________ (1) Includes income and withdrawal benefits. December 31, 2015 2014 In the Event of Death ($ in millions) Variable Life, Variable Universal Life and Universal Life Contracts No-lapse guarantees Separate account value $ 7,643 $ 7,816 General account value $ 13,364 $ 12,124 Net amount at risk $ 211,428 $ 200,386 Average attained age of contractholders 56 years 55 years
Schedule of Fair Value of Separate Accounts by Major Category of Investment	Account balances of variable annuity contracts with guarantees were invested in separate account investment options as follows: December 31, 2015 2014 (in millions) Equity funds $ 88,992 $ 94,473 Bond funds 46,642 45,159 Balanced funds 843 753 Money market funds 6,355 8,335 Total $ 142,832 $ 148,720
Schedule of Minimum Guaranteed Benefit Liabilities	The table below summarizes the changes in general account liabilities for guarantees. The liabilities for guaranteed minimum death benefits (“GMDB”), and guaranteed minimum income benefits (“GMIB”) are included in “Future policy benefits” and the related changes in the liabilities are included in “Policyholders’ benefits.” Guaranteed minimum accumulation benefits (“GMAB”), guaranteed minimum withdrawal benefits (“GMWB”), and guaranteed minimum income and withdrawal benefits (“GMIWB”) are accounted for as embedded derivatives and are recorded at fair value within “Future policy benefits.” Changes in the fair value of these derivatives, including changes in the Company’s own risk of non-performance, along with any fees attributed or payments made relating to the derivative, are recorded in “Realized investment gains (losses), net.” See Note 20 for additional information regarding the methodology used in determining the fair value of these embedded derivatives. The Company maintains a portfolio of derivative investments that serve as a partial hedge of the risks associated with these products, for which the changes in fair value are also recorded in “Realized investment gains (losses), net.” This portfolio of derivative investments does not qualify for hedge accounting treatment under U.S. GAAP. Additionally, the Company externally reinsures the guaranteed benefit features associated with certain contracts. See Note 13 for further information regarding the external reinsurance arrangement. GMDB GMIB GMAB/GMWB/GMIWB Variable Life, Variable Universal Life and Universal Life Annuity Annuity Annuity (in millions) Balance at December 31, 2012 $ 371 $ 488 $ 459 $ 3,348 Incurred guarantee benefits(1) 97 35 10 (2,904 ) Paid guarantee benefits and other (4 ) (75 ) (23 ) 0 Other(2)(3) 1,331 13 (49 ) (3 ) Balance at December 31, 2013 1,795 461 397 441 Incurred guarantee benefits(1) 794 245 84 7,741 Paid guarantee benefits and other (18 ) (68 ) (15 ) 0 Other(2) 279 4 1 0 Balance at December 31, 2014 2,850 642 467 8,182 Incurred guarantee benefits(1) 517 167 1 252 Paid guarantee benefits (22 ) (85 ) (16 ) 0 Other(2) (195 ) (10 ) (12 ) (1 ) Balance at December 31, 2015 $ 3,150 $ 714 $ 440 $ 8,433 __________ (1) Incurred guarantee benefits include the portion of assessments established as additions to reserves as well as changes in estimates affecting the reserves. Also includes changes in the fair value of features considered to be derivatives. (2) Other primarily represents impact of changes in unrealized investment gains and losses and foreign currency translation. (3) GMDB includes amounts acquired from The Hartford Life Business on January 2, 2013.
Deferred Sales Inducements	Changes in DSI, reported as “Interest credited to policyholders’ account balances,” are as follows: Sales Inducements (in millions) Balance at December 31, 2012 $ 1,357 Capitalization 53 Amortization—Impact of assumption and experience unlocking and true-ups 27 Amortization—All other 340 Change in unrealized investment gains and losses 36 Balance at December 31, 2013 1,813 Capitalization 22 Amortization—Impact of assumption and experience unlocking and true-ups 81 Amortization—All other (403 ) Change in unrealized investment gains and losses 1 Balance at December 31, 2014 1,514 Capitalization 8 Amortization—Impact of assumption and experience unlocking and true-ups 43 Amortization—All other (392 ) Change in unrealized investment gains and losses 16 Balance at December 31, 2015 $ 1,189

Closed Block (Tables)

Closed Block (Tables)	12 Months Ended
	Dec. 31, 2015
Closed Block Disclosure [Abstract]
Schedule of Closed Block Liabilities and Assets	Closed Block liabilities and assets designated to the Closed Block at December 31, as well as maximum future earnings to be recognized from Closed Block liabilities and Closed Block assets, are as follows: 2015 2014 (in millions) Closed Block liabilities Future policy benefits $ 49,538 $ 49,863 Policyholders’ dividends payable 945 931 Policyholders’ dividend obligation 4,509 6,612 Policyholders’ account balances 5,250 5,310 Other Closed Block liabilities 4,171 5,084 Total Closed Block liabilities 64,413 67,800 Closed Block assets Fixed maturities, available-for-sale, at fair value 37,584 40,629 Other trading account assets, at fair value 288 302 Equity securities, available-for-sale, at fair value 2,726 3,522 Commercial mortgage and other loans 9,770 9,472 Policy loans 4,790 4,914 Other long-term investments 2,921 2,765 Short-term investments 1,467 1,225 Total investments 59,546 62,829 Cash and cash equivalents 1,036 1,201 Accrued investment income 506 527 Other Closed Block assets 458 332 Total Closed Block assets 61,546 64,889 Excess of reported Closed Block liabilities over Closed Block assets 2,867 2,911 Portion of above representing accumulated other comprehensive income: Net unrealized investment gains (losses) 2,800 5,040 Allocated to policyholder dividend obligation (2,815 ) (5,053 ) Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,852 $ 2,898
Schedule of Closed Block Dividend Obligation	Information regarding the policyholder dividend obligation is as follows: 2015 2014 (in millions) Balance, January 1 $ 6,612 $ 4,511 Impact from earnings allocable to policyholder dividend obligation 137 672 Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation (2,240 ) 1,429 Balance, December 31 $ 4,509 $ 6,612
Schedule of Closed Block Revenues Benefits Expenses	Closed Block revenues and benefits and expenses for the years ended December 31, are as follows: 2015 2014 2013 (in millions) Revenues Premiums $ 2,668 $ 2,704 $ 2,728 Net investment income 2,709 2,809 2,796 Realized investment gains (losses), net 834 1,164 230 Other income (loss) 23 34 57 Total Closed Block revenues 6,234 6,711 5,811 Benefits and Expenses Policyholders’ benefits 3,366 3,326 3,334 Interest credited to policyholders’ account balances 135 136 136 Dividends to policyholders 2,130 2,635 1,910 General and administrative expenses 423 444 467 Total Closed Block benefits and expenses 6,054 6,541 5,847 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes and discontinued operations 180 170 (36 ) Income tax expense (benefit) 136 139 (57 ) Closed Block revenues, net of Closed Block benefits and expenses and income taxes, before discontinued operations 44 31 21 Income (loss) from discontinued operations, net of taxes 0 1 0 Closed Block revenues, net of Closed Block benefits and expenses, income taxes and discontinued operations $ 44 $ 32 $ 21

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2015
Reinsurance Disclosures [Abstract]
Reinsurance Information	Reinsurance amounts included in the Consolidated Statements of Operations for premiums, policy charges and fees and policyholders’ benefits for the years ended December 31, were as follows: 2015 2014 2013 (in millions) Direct premiums $ 27,996 $ 29,666 $ 27,444 Reinsurance assumed 2,147 1,134 272 Reinsurance ceded (1,622 ) (1,507 ) (1,479 ) Premiums $ 28,521 $ 29,293 $ 26,237 Direct policy charges and fees $ 5,127 $ 5,026 $ 4,648 Reinsurance assumed 1,179 1,425 918 Reinsurance ceded (334 ) (272 ) (151 ) Policy charges and fees $ 5,972 $ 6,179 $ 5,415 Direct policyholder benefits $ 29,242 $ 31,012 $ 27,458 Reinsurance assumed 3,107 2,732 809 Reinsurance ceded (1,722 ) (2,157 ) (1,534 ) Policyholders’ benefits $ 30,627 $ 31,587 $ 26,733
Reinsurance Recoverables	Reinsurance recoverables at December 31, are as follows: 2015 2014 (in millions) Individual and group annuities(1) $ 659 $ 109 Life insurance(2) 2,885 2,842 Other reinsurance 160 159 Total reinsurance recoverable $ 3,704 $ 3,110 __________ (1) Primarily represents reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the retirement business of CIGNA. The Company has recorded reinsurance recoverables related to the acquisition of the retirement business of CIGNA of $650 million and $105 million at December 31, 2015 and 2014 , respectively. Also included is $ 7 million of reinsurance recoverables as of December 31, 2015 established under the reinsurance agreement with Union Hamilton Reinsurance, Ltd. related to the ceding of certain embedded derivative liabilities associated with the Company’s guaranteed benefits. (2) Includes $2,118 million and $2,130 million of reinsurance recoverables established at December 31, 2015 and 2014 , respectively, under the reinsurance arrangements associated with the acquisition of the Hartford Life Business. The Company has also recorded reinsurance payables related to the Hartford Life Business acquisition of $1,305 million and $1,300 million at December 31, 2015 and 2014 , respectively.

Short-Term and Long-Term Debt (

Short-Term and Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Short-term Debt	Short-term debt at December 31 for the years indicated is as follows: 2015 2014 ($ in millions) Commercial paper: Prudential Financial $ 80 $ 97 Prudential Funding, LLC 384 386 Subtotal commercial paper 464 483 Current portion of long-term debt(1) 752 3,356 Total short-term debt(2) $ 1,216 $ 3,839 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 331 $ 199 Daily average commercial paper outstanding $ 1,127 $ 1,409 Weighted average maturity of outstanding commercial paper, in days 10 22 Weighted average interest rate on outstanding short-term debt(3) 0.16 % 0.12 % __________ (1) Includes collateralized borrowings from the FHLBNY of $280 million at December 31, 2014. (2) Includes Prudential Financial debt of $831 million and $2,319 million at December 31, 2015 and 2014 , respectively. (3) Excludes the current portion of long-term debt.
Schedule of Line of Credit Facilities	As of December 31, 2015 , the Company maintained a syndicated, unsecured committed credit facility as described below. Borrower Original Term Expiration Date Capacity Amount Outstanding ($ in millions) Prudential Financial and Prudential Funding 5 years Apr 2020 $ 4,000 $ 0
Long-term Debt	Long-term debt at December 31 for the years indicated is as follows: Maturity Dates Rate(1) December 31, 2015 2014 ($ in millions) Fixed-rate notes: Surplus notes 2019-2025 5.36%-8.30% $ 841 $ 841 Surplus notes subject to set-off arrangements 2021-2033 3.52%-5.26% 3,850 3,588 Senior notes 2016-2045 2.30%-11.31% 10,267 10,842 Mortgage debt(2) 2019-2024 1.72%-3.74% 134 142 Floating-rate notes: Surplus notes 2052 1.32%-1.58% 500 500 Surplus notes subject to set-off arrangements 2024 1.65%-1.73% 1,050 385 U.S. dollar-denominated senior notes 2016-2020 0.74%-4.41% 1,609 2,209 Foreign currency denominated senior notes (3) 1.24%-1.33% 51 53 Mortgage debt(4) 2017-2025 0.65%-3.11% 430 360 Junior subordinated notes 2042-2068 5.20%-8.88% 5,884 4,884 Subtotal 24,616 23,804 Less: assets under set-off arrangements(5) 4,889 3,973 Total long-term debt(6) $ 19,727 $ 19,831 __________ (1) Ranges of interest rates are for the year ended December 31, 2015 . (2) Includes $38 million and $ 71 million of debt denominated in foreign currency at December 31, 2015 and 2014, respectively. (3) Perpetual debt that has no stated maturity. (4) Includes $212 million and $ 142 million of debt denominated in foreign currency at December 31, 2015 and 2014, respectively. As of December 31, 2014, $31 million was presented as fixed-rate mortgage debt. (5) Assets under set-off arrangements represent a reduction in the amount of surplus notes included in long-term debt, resulting from an arrangement where valid rights of set-off exist and it is the intent of both parties to settle on a net basis under legally enforceable arrangements. These assets include available-for-sale securities that are valued at market. The fair market value adjustment at December 31, 2015 decreased the assets by $11 million . (6) Includes Prudential Financial debt of $16,487 million and $16,061 million at December 31, 2015 and 2014 , respectively.
Contractual Maturities Of Long-Term Debt	The following table presents the contractual maturities of the Company’s long-term debt as of December 31, 2015 : Calendar Year 2017 2018 2019 2020 2021 and thereafter Total (in millions) Long-term debt $ 1,544 $ 1,430 $ 1,689 $ 1,246 $ 13,818 $ 19,727
Junior Subordinated Notes	Junior subordinated notes outstanding, along with their key terms, are as follows: Issue Date Principal Amount Initial Interest Rate Investor Type Optional Redemption Date(1) Interest Rate Subsequent to Optional Redemption Date Scheduled Maturity Date Final Maturity Date ($ in millions) June 2008 $ 600 8.88 % Institutional 6/15/2018 LIBOR + 5.00% 6/15/2038 6/15/2068 August 2012 $ 1,000 5.88 % Institutional 9/15/2022 LIBOR + 4.18% n/a 9/15/2042 November 2012 $ 1,500 5.63 % Institutional 6/15/2023 LIBOR + 3.92% n/a 6/15/2043 December 2012 $ 575 5.75 % Retail 12/4/2017 5.75% n/a 12/15/2052 March 2013 $ 710 5.70 % Retail 3/15/2018 5.70% n/a 3/15/2053 March 2013 $ 500 5.20 % Institutional 3/15/2024 LIBOR + 3.04% n/a 3/15/2044 May 2015 $ 1,000 5.38 % Institutional 5/15/2025 LIBOR + 3.03% n/a 3/15/2045 __________ (1) Represents the initial date on which the notes can be redeemed at par solely at the option of the Company, subject in the case of the 8.88% notes to compliance with a replacement capital covenant.

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note [Abstract]
Common Stock Disclosure	The changes in the number of shares of Common Stock issued, held in treasury and outstanding, are as follows for the periods indicated: Common Stock Issued Held In Treasury Outstanding (in millions) Balance, December 31, 2012 660.1 197.1 463.0 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 10.0 (10.0 ) Stock-based compensation programs(1) 0.0 (8.1 ) 8.1 Balance, December 31, 2013 660.1 199.0 461.1 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 11.6 (11.6 ) Stock-based compensation programs(1) 0.0 (5.3 ) 5.3 Balance, December 31, 2014 660.1 205.3 454.8 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 12.1 (12.1 ) Stock-based compensation programs(1) 0.0 (4.4 ) 4.4 Balance, December 31, 2015 660.1 213.0 447.1 __________ (1) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs.
Components of Accumulated Other Comprehensive Income (Loss)	The balance of and changes in each component of “Accumulated other comprehensive income (loss) attributable to Prudential Financial, Inc.” for the years ended December 31, are as follows: Accumulated Other Comprehensive Income (Loss) Attributable to Prudential Financial, Inc. Foreign Currency Translation Adjustment Net Unrealized Investment Gains (Losses)(1) Pension and Postretirement Unrecognized Net Periodic Benefit (Cost) Total Accumulated Other Comprehensive Income (Loss) (in millions) Balance, December 31, 2012 $ 928 $ 11,402 $ (2,116 ) $ 10,214 Change in OCI before reclassifications (1,465 ) (1,239 ) 749 (1,955 ) Amounts reclassified from AOCI 4 (289 ) 125 (160 ) Income tax benefit (expense) 420 470 (308 ) 582 Balance, December 31, 2013 (113 ) 10,344 (1,550 ) 8,681 Change in OCI before reclassifications (1,066 ) 15,490 (1,134 ) 13,290 Amounts reclassified from AOCI (3 ) (1,760 ) 91 (1,672 ) Income tax benefit (expense) 207 (4,823 ) 367 (4,249 ) Balance, December 31, 2014 (975 ) 19,251 (2,226 ) 16,050 Change in OCI before reclassifications (245 ) (3,161 ) (457 ) (3,863 ) Amounts reclassified from AOCI 17 (2,325 ) 193 (2,115 ) Income tax benefit (expense) 116 2,008 89 2,213 Balance, December 31, 2015 $ (1,087 ) $ 15,773 $ (2,401 ) $ 12,285 __________ (1) Includes cash flow hedges of $1,165 million , $206 million and $(446) million as of December 31, 2015 , 2014 , and 2013 , respectively.
Reclassification Out Of Accumulated Other Comprehensive Income (Loss)	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Years Ended December 31, Affected line item in Consolidated Statements of Operations 2015 2014 2013 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustment $ (8 ) $ 3 $ 0 Realized investment gains (losses), net Foreign currency translation adjustment (9 ) 0 (4 ) Other income Total foreign currency translation adjustment (17 ) 3 (4 ) Net unrealized investment gains (losses): Cash flow hedges—Interest Rate (7 ) (60 ) (24 ) (3) Cash flow hedges—Currency/Interest rate 247 114 (104 ) (3) Net unrealized investment gains (losses) on available-for-sale securities 2,085 1,706 351 Net unrealized investment gains (losses)—all other 0 0 66 Total net unrealized investment gains (losses) 2,325 1,760 289 (4) Amortization of defined benefit items: Prior service cost 13 20 22 (5) Actuarial gain (loss) (206 ) (111 ) (147 ) (5) Total amortization of defined benefit items (193 ) (91 ) (125 ) Total reclassifications for the period $ 2,115 $ 1,672 $ 160 __________ (1) All amounts are shown before tax. (2) Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI. (3) See Note 21 for additional information on cash flow hedges. (4) See table below for additional information on unrealized investment gains (losses), including the impact on deferred policy acquisition and other costs, future policy benefits and policyholders’ dividends. (5) See Note 18 for information on employee benefit plans.
Net Unrealized Investment Gain (Loss) AOCI Rollforward	The amounts for the periods indicated below, split between amounts related to fixed maturity securities on which an OTTI loss has been recognized, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities on which an OTTI loss has been recognized Net Unrealized Gains (Losses) on Investments DAC, DSI, and VOBA Future Policy Benefits and Policyholders’ Account Balances Policyholders’ Dividends Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses) (in millions) Balance, December 31, 2012 $ (194 ) $ 3 $ 3 $ 139 $ 18 $ (31 ) Net investment gains (losses) on investments arising during the period 242 (85 ) 157 Reclassification adjustment for (gains) losses included in net income 70 (25 ) 45 Reclassification adjustment for OTTI losses excluded from net income(1) (8 ) 3 (5 ) Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA (8 ) 3 (5 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 1 1 Impact of net unrealized investment (gains) losses on policyholders’ dividends (75 ) 26 (49 ) Balance, December 31, 2013 110 (5 ) 4 64 (60 ) 113 Net investment gains (losses) on investments arising during the period 196 (69 ) 127 Reclassification adjustment for (gains) losses included in net income 47 (16 ) 31 Reclassification adjustment for OTTI losses excluded from net income(1) (4 ) 1 (3 ) Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA (1 ) (1 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances (1 ) (1 ) Impact of net unrealized investment (gains) losses on policyholders’ dividends (96 ) 34 (62 ) Balance, December 31, 2014 349 (6 ) 3 (32 ) (110 ) 204 Net investment gains (losses) on investments arising during the period (3 ) 1 (2 ) Reclassification adjustment for (gains) losses included in net income (97 ) 35 (62 ) Reclassification adjustment for OTTI losses excluded from net income(1) (15 ) 5 (10 ) Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA 12 (4 ) 8 Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 11 (4 ) 7 Impact of net unrealized investment (gains) losses on policyholders’ dividends 1 1 Balance, December 31, 2015 $ 234 $ 6 $ 14 $ (31 ) $ (77 ) $ 146 __________ (1) Represents “transfers in” related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss.
All Other Net Unrealized Investment Gain (Loss) AOCI Rollforward	All Other Net Unrealized Investment Gains (Losses) in AOCI Net Unrealized DAC, DSI, Future Policy Policyholders’ Deferred Accumulated Other Comprehensive Income (Loss) (in millions) Balance, December 31, 2012 $ 25,151 $ (1,228 ) $ (1,144 ) $ (5,627 ) $ (5,719 ) $ 11,433 Net investment gains (losses) on investments arising during the period (4,306 ) 1,443 (2,863 ) Reclassification adjustment for (gains) losses included in net income (359 ) 126 (233 ) Reclassification adjustment for OTTI losses excluded from net income(2) 8 (3 ) 5 Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA 509 (178 ) 331 Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 465 (164 ) 301 Impact of net unrealized investment (gains) losses on policyholders’ dividends 1,933 (676 ) 1,257 Balance, December 31, 2013 20,494 (719 ) (679 ) (3,694 ) (5,171 ) 10,231 Net investment gains (losses) on investments arising during the period 18,073 (6,337 ) 11,736 Reclassification adjustment for (gains) losses included in net income (1,807 ) 632 (1,175 ) Reclassification adjustment for OTTI losses excluded from net income(2) 4 (1 ) 3 Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA (736 ) 254 (482 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances (603 ) 211 (392 ) Impact of net unrealized investment (gains) losses on policyholders’ dividends (1,342 ) 468 (874 ) Balance, December 31, 2014 36,764 (1,455 ) (1,282 ) (5,036 ) (9,944 ) 19,047 Net investment gains (losses) on investments arising during the period (6,311 ) 2,268 (4,043 ) Reclassification adjustment for (gains) losses included in net income (2,228 ) 801 (1,427 ) Reclassification adjustment for OTTI losses excluded from net income(2) 15 (5 ) 10 Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA 695 (240 ) 455 Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 200 (67 ) 133 Impact of net unrealized investment (gains) losses on policyholders’ dividends 2,234 (782 ) 1,452 Balance, December 31, 2015 $ 28,240 $ (760 ) $ (1,082 ) $ (2,802 ) $ (7,969 ) $ 15,627 __________ (1) Includes cash flow hedges. See Note 21 for information on cash flow hedges. (2) Represents “transfers out” related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Reconciliation of Earnings Per Share	A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidated earnings of Prudential Financial for the year ended December 31, 2015, is as follows: 2015 Income Weighted Average Shares Per Share Amount (in millions, except per share amounts) Basic earnings per share Income (loss) from continuing operations $ 5,712 Less: Income (loss) attributable to noncontrolling interests 70 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 55 Income (loss) from continuing operations attributable to Prudential Financial available to holders of Common Stock $ 5,587 451.7 $ 12.37 Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 55 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 54 Stock options 2.3 Deferred and long-term compensation programs 0.9 Exchangeable Surplus Notes 17 5.5 Diluted earnings per share Income (loss) from continuing operations attributable to Prudential Financial available to holders of Common Stock $ 5,605 460.4 $ 12.17 A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on earnings attributable to the former Financial Services Businesses for the years ended December 31, 2014 and 2013, is as follows: 2014 2013 Income Weighted Average Shares Per Share Amount Income Weighted Average Shares Per Share Amount (in millions, except per share amounts) Basic earnings per share Income (loss) from continuing operations attributable to the Financial Services Businesses $ 1,579 $ (613 ) Direct equity adjustment (27 ) 2 Less: Income (loss) attributable to noncontrolling interests 57 107 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 14 8 Income (loss) from continuing operations attributable to the Financial Services Businesses available to holders of Common Stock after direct equity adjustment $ 1,481 458.5 $ 3.23 $ (726 ) 463.1 $ (1.57 ) Effect of dilutive securities and compensation programs(1) Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 14 $ 8 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 14 8 Stock options 3.0 0.0 Deferred and long-term compensation programs 0.8 0.0 Exchangeable Surplus Notes 17 5.4 0 0.0 Diluted earnings per share(1) Income (loss) from continuing operations attributable to the Financial Services Businesses available to holders of Common Stock after direct equity adjustment $ 1,498 467.7 $ 3.20 $ (726 ) 463.1 $ (1.57 ) __________ (1) For the year ended December 31, 2013 , weighted average shares for basic earnings per share is also used for calculating diluted earnings per share because dilutive shares and dilutive earnings per share are not applicable when a loss from continuing operations is reported. As a result of the loss from continuing operations available to holders of Common Stock after direct equity adjustment for the year ended December 31, 2013 , all potential stock options and compensation programs were considered antidilutive.
Earnings Per Share Computation	For the years ended December 31, the number of stock options and shares related to deferred and long-term compensation programs that were considered antidilutive and were excluded from the computation of diluted earnings per share, weighted for the portion of the period they were outstanding, are as follows: 2015 2014 2013 Shares Exercise Price Per Share Shares Exercise Price Per Share Shares Exercise Price Per Share (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 2.4 $ 87.97 1.9 $ 90.30 6.6 $ 73.51 Antidilutive stock options due to loss from continuing operations available to holders of Common Stock after direct equity adjustment 0.0 0.0 12.2 Antidilutive shares due to loss from continuing operations available to holders of Common Stock after direct equity adjustment 0.0 0.0 5.2 Total antidilutive stock options and shares 2.4 1.9 24.0

Share-Based Payments (Tables)

Share-Based Payments (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share Based Payment Award Stock Options Valuation Assumptions	The weighted average grant date assumptions used in the binomial option valuation model are as follows: 2015 2014 2013 Expected volatility 34.67 % 35.52 % 36.44 % Expected dividend yield 3.00 % 2.70 % 3.00 % Expected term 5.57 years 5.63 years 5.52 years Risk-free interest rate 1.61 % 1.74 % 1.01 %
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	The following chart summarizes the compensation cost recognized and the related income tax benefit for stock options, restricted stock units, performance shares and performance units for the years ended December 31: 2015 2014 2013 Total Compensation Cost Recognized Income Tax Benefit Total Compensation Cost Recognized Income Tax Benefit Total Compensation Cost Recognized Income Tax Benefit (in millions) Employee stock options $ 21 $ 8 $ 25 $ 9 $ 43 $ 15 Employee restricted stock units 111 42 95 34 88 32 Employee performance shares and performance units 32 12 46 17 86 31 Total $ 164 $ 62 $ 166 $ 60 $ 217 $ 78
Schedule of Share Based Compensation Stock Options Activity	A summary of the status of the Company’s stock option grants is as follows: Employee Stock Options Shares Weighted Average Exercise Price Outstanding at December 31, 2014 12,231,497 $ 64.88 Granted 934,939 78.10 Exercised (2,121,926 ) 62.95 Forfeited (22,074 ) 68.94 Expired (96,290 ) 87.33 Outstanding at December 31, 2015 10,926,146 $ 66.18 Vested and expected to vest at December 31, 2015 10,880,347 $ 66.13 Exercisable at December 31, 2015 8,547,934 $ 64.96 The weighted average remaining contractual term and the aggregate intrinsic value of stock options outstanding, vested and expected to vest and exercisable as of December 31, 2015 is as follows: December 31, 2015 Employee Stock Options Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in years) (in millions) Outstanding 4.72 $ 183 Vested and expected to vest 4.70 $ 183 Exercisable 3.91 $ 156
Schedule of Nonvested Share Activity	A summary of the Company’s restricted stock units and performance shares and performance unit awards is as follows: Restricted Stock Units Weighted Average Grant Date Fair Value Performance Share and Performance Unit Awards(1) Weighted Average Grant Date Fair Value Restricted at December 31, 2014(2) 4,202,891 $ 66.31 1,174,801 $ 90.46 Granted(2) 1,749,959 78.40 577,497 81.41 Forfeited (99,701 ) 74.70 (4,434 ) 81.01 Performance adjustment(3) 171,070 78.21 Released (1,498,863 ) 58.98 (528,437 ) 78.21 Restricted at December 31, 2015(2) 4,354,286 $ 73.50 1,390,497 $ 81.41 __________ (1) Performance share and performance unit awards reflect the target units awarded, reduced for forfeitures and releases to date. The actual number of units to be awarded at the end of each performance period will range between 0% and 150% of the target number of units granted for performance periods beginning prior to 2014 and between 0% and 125% thereafter, based upon a measure of the reported performance for the Company relative to stated goals. (2) For performance share and performance unit awards, the grant date is the same as the date the grant vests. The features of the grant are such that a mutual understanding of the key terms and conditions of the award between the employee and employer have not been reached until the grant is vested. Consequently, the weighted average grant date fair value as of December 31, 2015 and December 31, 2014 is the closing stock price of Prudential Financial’s common stock on those dates. (3) Represents the difference between the target units granted and the actual units awarded based upon the attainment of performance goals for the Company.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Status of Employee Benefit Plans	The status of these plans as of December 31, 2015 and 2014 is summarized below: Pension Benefits Other Postretirement Benefits 2015 2014 2015 2014 (in millions) Change in benefit obligation Benefit obligation at the beginning of period $ (12,545 ) $ (10,886 ) $ (2,233 ) $ (2,102 ) Service cost (244 ) (234 ) (20 ) (17 ) Interest cost (469 ) (481 ) (86 ) (96 ) Plan participants’ contributions 0 0 (29 ) (29 ) Medicare Part D subsidy receipts 0 0 (12 ) (8 ) Amendments 0 1 (2 ) 0 Actuarial gains (losses), net 335 (1,804 ) 43 (169 ) Settlements 22 42 0 0 Special termination benefits (4 ) (4 ) 0 0 Benefits paid 632 620 176 184 Foreign currency changes and other 52 201 4 4 Benefit obligation at end of period $ (12,221 ) $ (12,545 ) $ (2,159 ) $ (2,233 ) Change in plan assets Fair value of plan assets at beginning of period $ 13,028 $ 12,069 $ 1,717 $ 1,745 Actual return on plan assets 35 1,515 9 120 Employer contributions 162 165 5 7 Plan participants’ contributions 0 0 29 29 Disbursement for settlements (22 ) (42 ) 0 0 Benefits paid (632 ) (620 ) (176 ) (184 ) Foreign currency changes and other (30 ) (59 ) 0 0 Fair value of plan assets at end of period $ 12,541 $ 13,028 $ 1,584 $ 1,717 Funded status at end of period $ 320 $ 483 $ (575 ) $ (516 ) Amounts recognized in the Statements of Financial Position Prepaid benefit cost $ 2,687 $ 2,828 $ 0 $ 0 Accrued benefit liability (2,367 ) (2,345 ) (575 ) (516 ) Net amount recognized $ 320 $ 483 $ (575 ) $ (516 ) Items recorded in “Accumulated other comprehensive income (loss)” not yet recognized as a component of net periodic (benefit) cost: Transition obligation $ 0 $ 0 $ 0 $ 0 Prior service cost (33 ) (42 ) (1 ) (8 ) Net actuarial loss 3,173 2,946 621 600 Net amount not recognized $ 3,140 $ 2,904 $ 620 $ 592 Accumulated benefit obligation $ (11,607 ) $ (11,964 ) $ (2,159 ) $ (2,233 )
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets	2015 2014 (in millions) Projected benefit obligation $ 2,403 $ 2,379 Fair value of plan assets $ 36 $ 34
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets	2015 2014 (in millions) Accumulated benefit obligation $ 2,154 $ 2,164 Fair value of plan assets $ 5 $ 33
Schedule of Net Benefit Costs	Net periodic (benefit) cost included in “General and administrative expenses” in the Company’s Consolidated Statements of Operations for the years ended December 31, includes the following components: Pension Benefits Other Postretirement Benefits 2015 2014 2013 2015 2014 2013 (in millions) Service cost $ 244 $ 234 $ 252 $ 20 $ 17 $ 17 Interest cost 469 481 437 86 96 89 Expected return on plan assets (775 ) (712 ) (769 ) (115 ) (116 ) (87 ) Amortization of transition obligation 0 0 0 0 0 0 Amortization of prior service cost (8 ) (10 ) (10 ) (5 ) (10 ) (12 ) Amortization of actuarial (gain) loss, net 168 86 91 38 25 56 Settlements 5 10 0 0 0 0 Special termination benefits(1) 4 4 2 0 0 0 Net periodic (benefit) cost $ 107 $ 93 $ 3 $ 24 $ 12 $ 63 __________ (1) Certain employees were provided special termination benefits under non-qualified plans in the form of unreduced early retirement benefits as a result of their involuntary termination.
Schedule of Changes in Accumulated Other Comprehensive Income	The amounts recorded in AOCI as of the end of the period, which have not yet been recognized as a component of net periodic (benefit) cost, and the related changes in these items during the period that are recognized in “Other comprehensive income (loss)” are as follows: Pension Benefits Other Postretirement Benefits Transition Obligation Prior Service Cost Net Actuarial (Gain) Loss Transition Obligation Prior Service Cost Net Actuarial (Gain) Loss (in millions) Balance, December 31, 2012 $ 0 $ (81 ) $ 2,548 $ 0 $ (30 ) $ 893 Amortization for the period 0 10 (91 ) 0 12 (56 ) Deferrals for the period 0 2 (341 ) 0 0 (377 ) Impact of foreign currency changes and other 0 13 (51 ) 0 (1 ) 3 Balance, December 31, 2013 0 (56 ) 2,065 0 (19 ) 463 Amortization for the period 0 10 (86 ) 0 10 (25 ) Deferrals for the period 0 (1 ) 1,001 0 0 165 Impact of foreign currency changes and other 0 5 (34 ) 0 1 (3 ) Balance, December 31, 2014 0 (42 ) 2,946 0 (8 ) 600 Amortization for the period 0 8 (168 ) 0 5 (38 ) Deferrals for the period 0 0 405 0 2 63 Impact of foreign currency changes and other 0 1 (10 ) 0 0 (4 ) Balance, December 31, 2015 $ 0 $ (33 ) $ 3,173 $ 0 $ (1 ) $ 621
Amounts in AOCI to be recognized in next year	The amounts included in AOCI expected to be recognized as components of net periodic (benefit) cost in 2016 are as follows: Pension Benefits Other Postretirement Benefits (in millions) Amortization of prior service cost $ (6 ) $ (2 ) Amortization of actuarial (gain) loss, net 180 41 Total $ 174 $ 39
Schedule of Assumptions Used	The Company’s assumptions related to the calculation of the domestic benefit obligation (end of period) and the determination of net periodic (benefit) cost (beginning of period) are presented in the table below: Pension Benefits Other Postretirement Benefits 2015 2014 2013 2015 2014 2013 Weighted average assumptions Discount rate (beginning of period) 4.10 % 4.95 % 4.05 % 3.95 % 4.75 % 3.85 % Discount rate (end of period) 4.50 % 4.10 % 4.95 % 4.35 % 3.95 % 4.75 % Rate of increase in compensation levels (beginning of period) 4.50 % 4.50 % 4.50 % N/A N/A N/A Rate of increase in compensation levels (end of period) 4.50 % 4.50 % 4.50 % N/A N/A N/A Expected return on plan assets (beginning of period) 6.25 % 6.25 % 6.25 % 7.00 % 7.00 % 7.00 % Health care cost trend rates (beginning of period) N/A N/A N/A 5.00-6.66% 5.00-7.08% 5.00-7.50% Health care cost trend rates (end of period) N/A N/A N/A 5.00-7.00% 5.00-6.66% 5.00-7.08% For 2015, 2014 and 2013, the ultimate health care cost trend rate after gradual decrease until: 2019, 2019, 2019, (beginning of period) N/A N/A N/A 5.00 % 5.00 % 5.00 % For 2015, 2014 and 2013, the ultimate health care cost trend rate after gradual decrease until: 2021, 2019, 2019 (end of period) N/A N/A N/A 5.00 % 5.00 % 5.00 %
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates	A one-percentage point increase and decrease in assumed health care cost trend rates would have the following effects: Other Postretirement Benefits (in millions) One percentage point increase Increase in total service and interest costs $ 7 Increase in postretirement benefit obligation 153 One percentage point decrease Decrease in total service and interest costs $ 5 Decrease in postretirement benefit obligation 120
Schedule of Plans Assets-Fair Value and Allocation % (Target/Actual)	Asset allocation targets as of December 31, 2015 are as follows: Pension Postretirement Minimum Maximum Minimum Maximum Asset Category U.S. Equities 2 % 15 % 25 % 58 % International Equities 2 % 16 % 2 % 22 % Fixed Maturities 50 % 69 % 3 % 52 % Short-term Investments 0 % 15 % 0 % 44 % Real Estate 2 % 15 % 0 % 0 % Other 0 % 16 % 0 % 0 % Postretirement plan asset allocations in accordance with the investment guidelines are as follows: As of December 31, 2015 Level 1 Level 2 Level 3 Total (in millions) U.S. Equities: Variable Life Insurance Policies(1) $ 0 $ 592 $ 0 $ 592 Common trusts(2) 0 169 0 169 Equities 0 0 0 0 Subtotal 761 International Equities: Variable Life Insurance Policies(3) 0 89 0 89 Common trusts(4) 0 97 0 97 Subtotal 186 Fixed Maturities: Variable Life Insurance Policies(5) 0 59 0 59 Common trusts(5) 0 67 0 67 U.S. government securities (federal): Mortgage-Backed 0 4 0 4 Other U.S. government securities 0 80 0 80 U.S. government securities (state & other) 0 0 0 0 Non-U.S. government securities 0 5 0 5 Corporate Debt: Corporate bonds(6) 0 204 0 204 Asset-Backed 0 53 0 53 Collateralized Mortgage Obligations(7) 0 30 0 30 Interest rate swaps (Notional amount: $380) 0 0 0 0 Other(8) 6 0 3 9 Unrealized gain (loss) on investment of securities lending collateral(9) 0 0 0 0 Subtotal 511 Short-term Investments: Variable Life Insurance Policies 0 0 0 0 Registered investment companies 126 0 0 126 Subtotal 126 Total $ 132 $ 1,449 $ 3 $ 1,584 As of December 31, 2014 Level 1 Level 2 Level 3 Total (in millions) U.S. Equities: Variable Life Insurance Policies(1) $ 0 $ 698 $ 0 $ 698 Common trusts(2) 0 155 0 155 Equities 124 0 0 124 Subtotal 977 International Equities: Variable Life Insurance Policies(3) 0 61 0 61 Common trusts(4) 0 22 0 22 Subtotal 83 Fixed Maturities: Common trusts(5) 0 31 0 31 U.S. government securities (federal): Mortgage-Backed 0 5 0 5 Other U.S. government securities 0 116 0 116 U.S. government securities (state & other) 0 3 0 3 Non-U.S. government securities 0 7 0 7 Corporate Debt: Corporate bonds(6) 0 254 1 255 Asset-Backed 0 76 1 77 Collateralized Mortgage Obligations(7) 0 39 0 39 Interest rate swaps (Notional amount: $1,024) 0 (8 ) 0 (8 ) Other(8) 57 0 (5 ) 52 Unrealized gain (loss) on investment of securities lending collateral(10) 0 0 0 0 Subtotal 577 Short-term Investments: Variable Life Insurance Policies 0 0 0 0 Registered investment companies 80 0 0 80 Subtotal 80 Total $ 261 $ 1,459 $ (3 ) $ 1,717 __________ (1) This category invests in U.S. equity funds, primarily large cap equities whose objective is to track an index via pooled separate accounts and registered investment companies. (2) This category invests in U.S. equity funds, primarily large cap equities. (3) This category invests in international equity funds, primarily large cap international equities whose objective is to track an index. (4) This category fund invests in large cap international equity fund whose objective is to outperform an index. (5) This category invests in U.S. government and corporate bond funds. (6) This category invests in highly rated corporate bonds. (7) This category invests in highly rated Collateralized Mortgage Obligations. (8) Cash and cash equivalents, short-term investments, payables and receivables and open future contract positions (including fixed income collateral). (9) In 2015 , the contractual net value of the investment of securities lending collateral invested in primarily short-term bond funds is $2 million and the liability for securities lending collateral is $2 million . (10) In 2014 , the contractual net value of the investment of securities lending collateral invested in primarily short-term bond funds is $10 million and the liability for securities lending collateral is $10 million . Pension plan asset allocations in accordance with the investment guidelines are as follows: As of December 31, 2015 Level 1 Level 2 Level 3 Total (in millions) U.S. Equities: Pooled separate accounts(1) $ 0 $ 636 $ 0 $ 636 Common/collective trusts(1) 0 85 0 85 Subtotal 721 International Equities: Pooled separate accounts(2) 0 321 0 321 Common/collective trusts(3) 0 229 0 229 United Kingdom insurance pooled funds(4) 0 50 0 50 Subtotal 600 Fixed Maturities: Pooled separate accounts(5) 0 1,183 35 1,218 Common/collective trusts(6) 0 347 0 347 U.S. government securities (federal): Mortgage-backed 0 1 0 1 Other U.S. government securities 0 661 0 661 U.S. government securities (state & other) 0 582 0 582 Non-U.S. government securities 0 14 0 14 United Kingdom insurance pooled funds(7) 0 293 0 293 Corporate Debt: Corporate bonds(8) 0 4,417 0 4,417 Asset-backed 0 8 0 8 Collateralized Mortgage Obligations(9) 0 109 0 109 Interest rate swaps (Notional amount: $2,073) 0 (5 ) 0 (5 ) Guaranteed investment contract 0 31 0 31 Other(10) 685 2 93 780 Unrealized gain (loss) on investment of securities lending collateral(11) 0 0 0 0 Subtotal 8,456 Short-term Investments: Pooled separate accounts 0 39 0 39 United Kingdom insurance pooled funds 0 0 0 0 Subtotal 39 Real Estate: Pooled separate accounts(12) 0 0 607 607 Partnerships 0 0 347 347 Subtotal 954 Other: Partnerships 0 0 481 481 Hedge funds 0 0 1,290 1,290 Subtotal 1,771 Total $ 685 $ 9,003 $ 2,853 $ 12,541 As of December 31, 2014 Level 1 Level 2 Level 3 Total (in millions) U.S. Equities: Pooled separate accounts(1) $ 0 $ 881 $ 0 $ 881 Common/collective trusts(1) 0 87 0 87 Subtotal 968 International Equities: Pooled separate accounts(2) 0 323 0 323 Common/collective trusts(3) 0 202 0 202 United Kingdom insurance pooled funds(4) 0 45 0 45 Subtotal 570 Fixed Maturities: Pooled separate accounts(5) 0 1,162 35 1,197 Common/collective trusts(6) 0 490 0 490 U.S. government securities (federal): Mortgage-backed 0 1 0 1 Other U.S. government securities 0 852 0 852 U.S. government securities (state & other) 0 694 0 694 Non-U.S. government securities 0 16 0 16 United Kingdom insurance pooled funds(7) 0 320 0 320 Corporate Debt: Corporate bonds(8) 0 4,550 14 4,564 Asset-backed 0 25 0 25 Collateralized Mortgage Obligations(9) 0 112 0 112 Interest rate swaps (Notional amount: $1,536) 0 (1 ) 0 (1 ) Guaranteed investment contract 0 28 0 28 Other(10) 712 4 73 789 Unrealized gain (loss) on investment of securities lending collateral(13) 0 (37 ) 0 (37 ) Subtotal 9,050 Short-term Investments: Pooled separate accounts 0 39 0 39 United Kingdom insurance pooled funds 0 1 0 1 Subtotal 40 Real Estate: Pooled separate accounts(12) 0 0 465 465 Partnerships 0 0 336 336 Subtotal 801 Other: Partnerships 0 0 455 455 Hedge funds 0 0 1,144 1,144 Subtotal 1,599 Total $ 712 $ 9,794 $ 2,522 $ 13,028 __________ (1) These categories invest in U.S. equity funds whose objective is to track or outperform various indexes. (2) This category invests in a large cap international equity funds whose objective is to track an index. (3) This category invests in international equity funds, primarily large cap, whose objective is to outperform various indexes. This category also includes a global equity fund, primarily focused on new market leaders with sustainable competitive advantage. (4) This category invests in an international equity fund whose objective is to track an index. (5) This category invests in bond funds, primarily highly rated private placement securities. (6) This category invests in bond funds, primarily highly rated public securities whose objective is to outperform an index. (7) This category invests in bond funds, primarily highly rated corporate securities. (8) This category invests in highly rated corporate securities. (9) This category invests in highly rated Collateralized Mortgage Obligations. (10) Primarily cash and cash equivalents, short-term investments, payables and receivables, and open future contract positions (including fixed income collateral). (11) The contractual net value of the investment of securities lending collateral invested in primarily short-term bond funds is $163 million and the liability for securities lending collateral is $163 million . (12) This category invests in commercial real estate and real estate securities funds, whose objective is to outperform an index. (13) The contractual net value of the investment of securities lending collateral invested in primarily short-term bond funds is $717 million and the liability for securities lending collateral is $754 million . A summary of pension and postretirement plan asset allocation as of the year ended December 31, are as follows: Pension Percentage of Plan Assets Postretirement Percentage of Plan Assets 2015 2014 2015 2014 Asset Category U.S. Equities 6 % 7 % 48 % 57 % International Equities 5 5 12 5 Fixed Maturities 67 69 32 34 Short-term Investments 0 0 8 4 Real Estate 8 6 0 0 Other 14 13 0 0 Total 100 % 100 % 100 % 100 %
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets	Year Ended December 31, 2015 Fixed Maturities– Pooled Separate Accounts Fixed Maturities– Corporate Debt– Corporate Bonds Fixed Maturities– Other Real Estate– Pooled Separate Accounts (in millions) Fair Value, beginning of period $ 35 $ 14 $ 73 $ 465 Actual Return on Assets: Relating to assets still held at the reporting date 0 0 0 81 Relating to assets sold during the period 0 0 0 2 Purchases, sales and settlements 0 0 20 59 Transfers in and/or out of Level 3(1) 0 (14 ) 0 0 Fair Value, end of period $ 35 $ 0 $ 93 $ 607 Year Ended December 31, 2015 Real Estate– Partnerships Other– Partnerships Other–Hedge Fund (in millions) Fair Value, beginning of period $ 336 $ 455 $ 1,144 Actual Return on Assets: Relating to assets still held at the reporting date 32 34 (8 ) Relating to assets sold during the period 0 0 0 Purchases, sales and settlements (21 ) (8 ) 154 Transfers in and/or out of Level 3 0 0 0 Fair Value, end of period $ 347 $ 481 $ 1,290 __________ (1) The transfers from level 3 to level 2 are due to the availability of external pricing sources. Year Ended December 31, 2014 Fixed Maturities– Pooled Separate Accounts Fixed Maturities– Corporate Debt– Corporate Bonds Fixed Maturities– Other Real Estate– Pooled Separate Accounts (in millions) Fair Value, beginning of period $ 32 $ 16 $ 66 $ 356 Actual Return on Assets: Relating to assets still held at the reporting date 3 0 0 49 Relating to assets sold during the period 0 0 0 5 Purchases, sales and settlements 0 (2 ) 7 55 Transfers in and/or out of Level 3 0 0 0 0 Fair Value, end of period $ 35 $ 14 $ 73 $ 465 Year Ended December 31, 2014 Real Estate– Partnerships Other– Partnerships Other–Hedge Fund (in millions) Fair Value, beginning of period $ 320 $ 374 $ 1,095 Actual Return on Assets: Relating to assets still held at the reporting date 6 53 49 Relating to assets sold during the period 0 0 0 Purchases, sales and settlements 10 28 0 Transfers in and/or out of Level 3 0 0 0 Fair Value, end of period $ 336 $ 455 $ 1,144 Year Ended December 31, 2015 Fixed Maturities– Corporate Debt– Corporate Bonds Fixed Maturities– Corporate Debt– Asset- Backed Fixed Maturities– Other (in millions) Fair Value, beginning of period $ 1 $ 1 $ (5 ) Actual Return on Assets: Relating to assets still held at the reporting date 0 0 0 Relating to assets sold during the period 0 0 0 Purchases, sales and settlements 0 0 8 Transfers in and/or out of Level 3(1) (1 ) (1 ) 0 Fair Value, end of period $ 0 $ 0 $ 3 __________ (1) The transfers from level 3 to level 2 are due to the availability of external pricing sources. Year Ended December 31, 2014 Fixed Maturities– Corporate Debt– Corporate Bonds Fixed Maturities– Corporate Debt– Asset- Backed Fixed Maturities– Other (in millions) Fair Value, beginning of period $ 1 $ 5 $ (6 ) Actual Return on Assets: Relating to assets still held at the reporting date 0 0 0 Relating to assets sold during the period 0 0 0 Purchases, sales and settlements 0 1 1 Transfers in and/or out of Level 3(1) 0 (5 ) 0 Fair Value, end of period $ 1 $ 1 $ (5 ) __________ (1) The transfers from level 3 to level 2 are due to the availability of external pricing sources.
Schedule of Expected Benefit Payments	The expected benefit payments for the Company’s pension and postretirement plans, as well as the expected Medicare Part D subsidy receipts related to the Company’s postretirement plan, for the years indicated are as follows: Pension Benefit Payments Other Postretirement Benefit Payments Other Postretirement Benefits– Medicare Part D Subsidy Receipts (in millions) 2016 $ 678 $ 172 $ 12 2017 696 176 12 2018 722 178 13 2019 746 179 14 2020 772 180 14 2021-2025 4,205 876 75 Total $ 7,819 $ 1,761 $ 140

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax expense (benefit) for the years ended December 31 were as follows: 2015 2014 2013 (in millions) Current tax expense (benefit) U.S. $ 738 $ (80 ) $ (292 ) State and local 3 (7 ) 16 Foreign 622 463 310 Total 1,363 376 34 Deferred tax expense (benefit) U.S. 585 880 44 State and local 4 12 0 Foreign 120 (919 ) (1,136 ) Total 709 (27 ) (1,092 ) Total income tax expense (benefit) on continuing operations before equity in earnings of operating joint ventures 2,072 349 (1,058 ) Income tax expense on equity in earnings of operating joint ventures (1 ) (2 ) 19 Income tax expense on discontinued operations 0 6 3 Income tax expense (benefit) reported in equity related to: Other comprehensive income (2,213 ) 4,249 (582 ) Stock-based compensation programs (22 ) (29 ) (32 ) Total income taxes $ (164 ) $ 4,573 $ (1,650 )
Schedule of Effective Income Tax Rate Reconciliation	The Company’s actual income tax expense on continuing operations before equity in earnings of operating joint ventures for the years ended December 31 differs from the expected amount computed by applying the statutory federal income tax rate of 35% to income from continuing operations before income taxes and equity in earnings of operating joint ventures for the following reasons: 2015 2014 2013 (in millions) Expected federal income tax expense (benefit) $ 2,719 $ 616 $ (589 ) Non-taxable investment income (341 ) (381 ) (319 ) Foreign taxes at other than U.S. rate (51 ) 146 (38 ) Low-income housing and other tax credits (116 ) (127 ) (105 ) Reversal of acquisition opening balance sheet deferred tax items 0 53 55 Change in repatriation assertion (3 ) 32 0 Minority interest (24 ) (19 ) (37 ) Medicare Part D (10 ) 3 (43 ) Change in tax law: active financing exception (108 ) 0 (2 ) Other 6 26 20 Total income tax expense (benefit) on continuing operations before equity in earnings of operating joint ventures $ 2,072 $ 349 $ (1,058 )
Schedule of Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities at December 31 resulted from the items listed in the following table: 2015 2014 (in millions) Deferred tax assets(1) Insurance reserves $ 2,878 $ 3,930 Policyholders’ dividends 1,815 2,552 Net operating and capital loss carryforwards 181 256 Employee benefits 628 825 Investments 530 260 Other 0 285 Deferred tax assets before valuation allowance 6,032 8,108 Valuation allowance (133 ) (277 ) Deferred tax assets after valuation allowance 5,899 7,831 Deferred tax liabilities(2) Net unrealized investment gains 9,167 12,713 Deferred policy acquisition costs 4,179 4,049 Investments 0 0 Unremitted foreign earnings 290 512 Value of business acquired 903 924 Other 291 0 Deferred tax liabilities 14,830 18,198 Net deferred tax liability $ (8,931 ) $ (10,367 )
Valuation Allowance For State Local And Foreign Deferred Tax Assets	The valuation allowance includes amounts recorded in connection with deferred tax assets as of December 31 as follows: 2015 2014 (in millions) Valuation allowance related to state and local deferred tax assets $ 98 $ 252 Valuation allowance related to foreign operations deferred tax assets $ 35 $ 25
Operating And Capital Loss Carryforwards	The following table sets forth the federal, state and foreign operating, capital loss and tax credit carryforwards for tax purposes, as of December 31: 2015 2014 (in millions) Federal net operating and capital loss carryforwards $ 0 $ 0 State net operating and capital loss carryforwards(1) $ 3,687 $ 5,895 Foreign operating loss carryforwards(2) $ 65 $ 53 General business credits $ 0 $ 136 Alternative minimum tax credits(3) $ 85 $ 248 __________ (1) Expires between 2016 and 2034. (2) $34 million expires between 2016 and 2025 and $31 million has an unlimited carryforward. (3) Alternative minimum tax credits do not expire.
Schedule Of Repatriation	The following table sets forth the Company’s foreign operations and unremitted earnings for which the Company provides U.S. income taxes as of December 31, 2015: Foreign Operation Unremitted earnings for which the Company provides U.S. income taxes Japanese insurance operations - Pre-2014 U.S. GAAP earnings - Post-2013 realized and unrealized capital gains - An additional amount from Gibraltar Life and Prudential Gibraltar, not to exceed the deferred tax asset recorded in the Statements of Financial Position as of the acquisition date for Prudential Gibraltar and the Star and Edison Businesses Korean insurance operations Portion of post 2011 U.S. GAAP earnings Certain operations in India, Germany, Taiwan, Brazil, and non-insurance operations in Japan U.S. GAAP earnings
Undistributed Earnings Of Foreign Subsidiaries Assuming Permanent Reinvestment	Determining the tax liability that would arise if these earnings were remitted is not practicable. At December 31, 2015 2014 2013 (in millions) Undistributed earnings of foreign subsidiaries (assuming indefinite reinvestment) $ 3,215 $ 2,396 $ 1,973
Unrecognized Tax Benefits Reconciliation	The Company’s unrecognized tax benefits for the years ended December 31 are as follows: 2015 2014 2013 (in millions) Balance at January 1, $ 6 $ 11 $ 19 Increases in unrecognized tax benefits—prior years 0 0 0 (Decreases) in unrecognized tax benefits—prior years 0 0 (7 ) Increases in unrecognized tax benefits—current year 0 0 0 (Decreases) in unrecognized tax benefits—current year 0 0 0 Settlements with taxing authorities 0 (5 ) (1 ) Balance at December 31, $ 6 $ 6 $ 11 Unrecognized tax benefits that, if recognized, would favorably impact the effective rate $ 6 $ 6 $ 11
Amounts Recognized In Consolidated Financial Statements For Tax Related Interest And Penalties	The amounts recognized in the consolidated financial statements for tax-related interest and penalties for the years ended December 31 are as follows: 2015 2014 2013 (in millions) Interest and penalties recognized in the consolidated statements of operations $ 0 $ 2 $ 1 2015 2014 (in millions) Interest and penalties recognized in liabilities in the consolidated statements of financial position $ 4 $ 4
Open Tax Years By Major Tax Jurisdictions	Listed below are the tax years that remain subject to examination, by major tax jurisdiction, as of December 31, 2015 : Major Tax Jurisdiction Open Tax Years United States 2007-2015 Japan Fiscal years ended March 31, 2011-2015 Korea Fiscal years ended March 31, 2011-2013, the periods ended December 31, 2014 and 2015

Fair Value of Assets and Liab55

Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated. As of December 31, 2015 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 18,517 $ 0 $ $ 18,517 Obligations of U.S. states and their political subdivisions 0 8,789 6 8,795 Foreign government bonds 0 83,590 123 83,713 U.S. corporate public securities 0 75,163 205 75,368 U.S. corporate private securities 0 29,750 694 30,444 Foreign corporate public securities 0 28,510 44 28,554 Foreign corporate private securities 0 18,859 279 19,138 Asset-backed securities(7) 0 6,178 4,048 10,226 Commercial mortgage-backed securities 0 10,424 38 10,462 Residential mortgage-backed securities 0 4,923 183 5,106 Subtotal 0 284,703 5,620 290,323 Trading account assets:(2) U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 288 0 288 Obligations of U.S. states and their political subdivisions 0 189 0 189 Foreign government bonds 0 697 34 731 Corporate securities 0 23,125 203 23,328 Asset-backed securities(7) 0 749 596 1,345 Commercial mortgage-backed securities 0 1,870 3 1,873 Residential mortgage-backed securities 0 1,509 4 1,513 Equity securities 1,542 221 589 2,352 All other(3) 630 14,173 5 (11,447 ) 3,361 Subtotal 2,172 42,821 1,434 (11,447 ) 34,980 Equity securities, available-for-sale 6,011 2,997 266 9,274 Commercial mortgage and other loans 0 274 0 274 Other long-term investments 13 212 1,380 (10 ) 1,595 Short-term investments 6,776 711 0 7,487 Cash equivalents 4,834 9,374 0 14,208 Other assets 0 9 7 16 Subtotal excluding separate account assets 19,806 341,101 8,707 (11,457 ) 358,157 Separate account assets(4) 43,076 214,838 27,656 285,570 Total assets $ 62,882 $ 555,939 $ 36,363 $ (11,457 ) $ 643,727 Future policy benefits(5) $ 0 $ 0 $ 8,434 $ $ 8,434 Other liabilities 1 5,306 2 (5,276 ) 33 Notes issued by consolidated VIEs 0 0 8,597 8,597 Total liabilities $ 1 $ 5,306 $ 17,033 $ (5,276 ) $ 17,064 As of December 31, 2014(6) Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 20,123 $ 0 $ $ 20,123 Obligations of U.S. states and their political subdivisions 0 6,525 6 6,531 Foreign government bonds 0 80,939 2 80,941 U.S. corporate public securities 0 79,709 357 80,066 U.S. corporate private securities 0 30,238 523 30,761 Foreign corporate public securities 0 30,816 252 31,068 Foreign corporate private securities 0 18,310 171 18,481 Asset-backed securities(7) 0 7,126 4,059 11,185 Commercial mortgage-backed securities 0 13,834 43 13,877 Residential mortgage-backed securities 0 5,804 253 6,057 Subtotal 0 293,424 5,666 299,090 Trading account assets:(2) U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 399 0 399 Obligations of U.S. states and their political subdivisions 0 199 0 199 Foreign government bonds 0 696 21 717 Corporate securities 0 20,146 124 20,270 Asset-backed securities(7) 0 850 393 1,243 Commercial mortgage-backed securities 0 2,556 5 2,561 Residential mortgage-backed securities 0 1,767 7 1,774 Equity securities 1,396 232 663 2,291 All other(3) 194 13,803 7 (12,321 ) 1,683 Subtotal 1,590 40,648 1,220 (12,321 ) 31,137 Equity securities, available-for-sale 6,688 2,898 275 9,861 Commercial mortgage and other loans 0 380 0 380 Other long-term investments 12 224 1,547 (11 ) 1,772 Short-term investments 5,263 2,472 0 7,735 Cash equivalents 2,657 9,188 0 11,845 Other assets 4 109 2 115 Subtotal excluding separate account assets 16,214 349,343 8,710 (12,332 ) 361,935 Separate account assets(4) 48,063 223,710 24,662 296,435 Total assets $ 64,277 $ 573,053 $ 33,372 $ (12,332 ) $ 658,370 Future policy benefits(5) $ 0 $ 0 $ 8,182 $ $ 8,182 Other liabilities 1 6,883 5 (6,661 ) 228 Notes issued by consolidated VIEs 0 0 6,033 6,033 Total liabilities $ 1 $ 6,883 $ 14,220 $ (6,661 ) $ 14,443 __________ (1) “Netting” amounts represent cash collateral of $6,181 million and $5,671 million as of December 31, 2015 and 2014 , respectively, and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting arrangements. (2) Includes “Trading account assets supporting insurance liabilities” and “Other trading account assets.” (3) Level 1 represents cash equivalents and short-term investments. All other amounts primarily represent derivative assets. (4) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account assets classified as Level 3 consist primarily of real estate and real estate investment funds. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Consolidated Statements of Financial Position. (5) For the year ended December 31, 2015 , the net embedded derivative liability position of $8.4 billion includes $0.7 billion of embedded derivatives in an asset position and $9.1 billion of embedded derivatives in a liability position. For the year ended December 31, 2014 , the net embedded derivative liability position of $8.2 billion includes $0.6 billion of embedded derivatives in an asset position and $8.8 billion of embedded derivatives in a liability position. (6) Prior period amounts are presented on a basis consistent with the current period presentation. (7) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types.
Fair Value Level Three Amounts By Pricing Source	The table below presents the balances of Level 3 assets and liabilities measured at fair value with their corresponding pricing sources. As of December 31, 2015 Internal(1) External(2) Total (in millions) Obligations of U.S. states and their political subdivisions $ 6 $ 0 $ 6 Foreign government bonds 0 157 157 Corporate securities(3) 1,085 340 1,425 Asset-backed securities(4) 149 4,495 4,644 Commercial mortgage-backed securities 5 36 41 Residential mortgage-backed securities 37 150 187 Equity securities 63 792 855 Other long-term investments 33 1,347 1,380 Other assets 12 0 12 Subtotal excluding separate account assets(3) 1,390 7,317 8,707 Separate account assets 26,326 1,330 27,656 Total assets $ 27,716 $ 8,647 $ 36,363 Future policy benefits $ 8,434 $ 0 $ 8,434 Other liabilities 2 0 2 Notes issued by consolidated VIEs 0 8,597 8,597 Total liabilities $ 8,436 $ 8,597 $ 17,033 As of December 31, 2014 Internal(1) External(2) Total (in millions) Obligations of U.S. states and their political subdivisions $ 6 $ 0 $ 6 Foreign government bonds 0 23 23 Corporate securities(3) 752 675 1,427 Asset-backed securities(4) 150 4,302 4,452 Commercial mortgage-backed securities 10 38 48 Residential mortgage-backed securities 57 203 260 Equity securities 140 798 938 Other long-term investments 1 1,546 1,547 Other assets 9 0 9 Subtotal excluding separate account assets(3) 1,125 7,585 8,710 Separate account assets 23,632 1,030 24,662 Total assets $ 24,757 $ 8,615 $ 33,372 Future policy benefits $ 8,182 $ 0 $ 8,182 Other liabilities 2 3 5 Notes issued by consolidated VIEs 0 6,033 6,033 Total liabilities $ 8,184 $ 6,036 $ 14,220 __________ (1) Represents valuations reflecting both internally-derived and market inputs, as well as third-party pricing information or quotes. See below for additional information related to internally-developed valuation for significant items in the above table. (2) Represents unadjusted prices from independent pricing services and independent indicative broker quotes where pricing inputs are not readily available. (3) Includes assets classified as fixed maturities available-for-sale, trading account assets supporting insurance liabilities and other trading account assets. (4) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types.
Fair Value Inputs Quantitative Information	The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities (see narrative below for quantitative information for separate account assets). As of December 31, 2015 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in millions) Assets: Corporate securities(9) $ 1,085 Discounted cash flow Discount rate 0.93% — 25% 7.66 % Decrease Market comparables EBITDA multiples(2) 1.4X — 5.0X 3.7X Increase Liquidation Liquidation value 15.79% — 29.33% 17.77 % Increase Liabilities: Future policy benefits(3) $ 8,434 Discounted cash flow Lapse rate(4) 0% — 14% Decrease NPR spread(5) 0.06% — 1.76% Decrease Utilization rate(6) 56% — 96% Increase Withdrawal rate(7) 74% — 100% Increase Mortality rate(8) 0% — 14% Decrease Equity volatility curve 17% — 28% Increase As of December 31, 2014 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in millions) Assets: Corporate securities(9) $ 752 Discounted cash flow Discount rate 0.84% — 15% 7.73% Decrease Market comparables EBITDA multiples(2) 6.1X — 7.0X 6.1X Increase Liquidation Liquidation value 22.12% — 100.0% 82.92% Increase Liabilities: Future policy benefits(3) $ 8,182 Discounted cash flow Lapse rate(4) 0% — 14% Decrease NPR spread(5) 0% — 1.30% Decrease Utilization rate(6) 63% — 96% Increase Withdrawal rate(7) 74% — 100% Increase Mortality rate(8) 0% — 14% Decrease Equity volatility curve 17% — 28% Increase __________ (1) Conversely, the impact of a decrease in input would have the opposite impact for the fair value as that presented in the table. (2) Represents multiples of earnings before interest, taxes, depreciation and amortization (“EBITDA”), and are amounts used when the reporting entity has determined that market participants would use such multiples when pricing the investments. (3) Future policy benefits primarily represent general account liabilities for the living benefit features of the Company’s variable annuity contracts which are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (4) Lapse rates are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. (5) To reflect NPR, the Company incorporates an additional spread over LIBOR into the discount rate used in the valuation of individual living benefit contracts in a liability position and generally not to those in a contra-liability position. The NPR spread reflects the financial strength ratings of the Company, as these are insurance liabilities and senior to debt. The additional spread over LIBOR is determined by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. (6) The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration, and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status, and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale, and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits. (7) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions may vary based on the product type, contractholder age, tax status, and withdrawal timing. The fair value of the liability will generally increase the closer the withdrawal rate is to 100%. (8) Range reflects the mortality rate for the vast majority of business with living benefits, with policyholders ranging from 35 to 90 years old. While the majority of living benefits have a minimum age requirement, certain benefits do not have an age restriction. This results in contractholders for certain benefits with mortality rates approaching 0% . Based on historical experience, the Company applies a set of age and duration specific mortality rate adjustments compared to standard industry tables. A mortality improvement assumption is also incorporated into the overall mortality table. (9) Includes assets classified as fixed maturities available-for-sale, trading account assets supporting insurance liabilities and other trading account assets.
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	–The following tables provide summaries of the changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. Year Ended December 31, 2015 Fixed Maturities Available-For-Sale U.S. States Foreign Government U.S. Corporate Public Securities U.S. Corporate Private Securities Foreign Corporate Public Securities Foreign Corporate Private Securities (in millions) Fair Value, beginning of period $ 6 $ 2 $ 357 $ 523 $ 252 $ 171 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 0 (14 ) 0 (81 ) Included in other comprehensive income (loss) 0 (3 ) 1 (27 ) 6 27 Net investment income 0 0 1 12 0 (27 ) Purchases 15 20 33 182 33 108 Sales (1 ) 0 (1 ) (43 ) (51 ) 0 Issuances 0 0 0 0 0 0 Settlements 0 0 (26 ) (110 ) (32 ) (59 ) Foreign currency translation 0 (4 ) (3 ) 0 (5 ) 0 Other(1) 0 0 0 (3 ) 0 0 Transfers into Level 3(2) 0 129 23 209 0 140 Transfers out of Level 3(2) (14 ) (21 ) (180 ) (35 ) (159 ) 0 Fair Value, end of period $ 6 $ 123 $ 205 $ 694 $ 44 $ 279 Unrealized gains (losses) for assets still held(3): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 0 $ (19 ) $ 0 $ (68 ) Year Ended December 31, 2015 Fixed Maturities Available-For-Sale Asset- Backed(6) Commercial Mortgage- Backed Residential Mortgage- Backed (in millions) Fair Value, beginning of period $ 4,059 $ 43 $ 253 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 40 1 0 Included in other comprehensive income (loss) (37 ) (1 ) (2 ) Net investment income 21 0 (1 ) Purchases 1,234 44 0 Sales (563 ) 0 (7 ) Issuances (4 ) 0 0 Settlements (308 ) (6 ) (52 ) Foreign currency translation (13 ) 0 (8 ) Other(1) 3 0 0 Transfers into Level 3(2) 2,555 2 0 Transfers out of Level 3(2) (2,939 ) (45 ) 0 Fair Value, end of period $ 4,048 $ 38 $ 183 Unrealized gains (losses) for assets still held(3): Included in earnings: Realized investment gains (losses), net $ 4 $ 0 $ 0 Year Ended December 31, 2015 Trading Account Assets Foreign Government Corporate Asset- Backed(6) Commercial Mortgage- Backed Residential Mortgage- Backed Equity All Other Activity (in millions) Fair Value, beginning of period $ 21 $ 124 $ 393 $ 5 $ 7 $ 663 $ 7 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 0 0 0 0 0 Other income 0 (28 ) (7 ) 0 0 (15 ) (1 ) Net investment income 0 1 1 0 0 0 0 Purchases 16 124 325 27 0 28 0 Sales 0 (15 ) (16 ) (3 ) 0 (26 ) (1 ) Issuances 0 0 0 0 0 0 0 Settlements (3 ) (39 ) (11 ) (2 ) (2 ) (40 ) 0 Foreign currency translation 0 0 0 0 0 (13 ) 0 Other(1) 0 0 0 0 0 (8 ) 0 Transfers into Level 3(2) 0 77 272 1 0 0 0 Transfers out of Level 3(2) 0 (41 ) (361 ) (25 ) (1 ) 0 0 Fair Value, end of period $ 34 $ 203 $ 596 $ 3 $ 4 $ 589 $ 5 Unrealized gains (losses) for assets still held(3): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Other income $ 0 $ 9 $ (7 ) $ 0 $ 0 $ 6 $ (1 ) Year Ended December 31, 2015 Equity Securities Available- For-Sale Other Long-term Investments Other Assets (in millions) Fair Value, beginning of period $ 275 $ 1,547 $ 2 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 15 23 0 Other income 0 58 0 Included in other comprehensive income (loss) 1 0 0 Net investment income 0 0 0 Purchases 31 481 0 Sales (48 ) (30 ) 0 Issuances 0 0 5 Settlements (3 ) (213 ) 0 Foreign currency translation (7 ) (52 ) 0 Other(1) 0 (433 ) 0 Transfers into Level 3(2) 2 0 0 Transfers out of Level 3(2) 0 (1 ) 0 Fair Value, end of period $ 266 $ 1,380 $ 7 Unrealized gains (losses) for assets still held(3): Included in earnings: Realized investment gains (losses), net $ (3 ) $ 19 $ 2 Other income $ 0 $ 60 $ 0 Year Ended December 31, 2015 Separate Account Assets(4) Future Policy Benefits Other Liabilities Notes Issued by Consolidated VIEs (in millions) Fair Value, beginning of period $ 24,662 $ (8,182 ) $ (5 ) $ (6,033 ) Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 15 717 1 287 Other income 0 0 0 146 Interest credited to policyholders’ account balances 3,359 0 0 0 Net investment income 24 0 0 0 Purchases 3,495 0 0 0 Sales (1,114 ) 0 0 0 Issuances 0 (969 ) 0 (2,997 ) Settlements (1,839 ) 0 2 0 Foreign currency translation (5 ) 0 0 0 Other(1) (472 ) 0 0 0 Transfers into Level 3(2) 51 0 0 0 Transfers out of Level 3(2) (520 ) 0 0 0 Fair Value, end of period $ 27,656 $ (8,434 ) $ (2 ) $ (8,597 ) Unrealized gains (losses) for assets/liabilities still held(3): Included in earnings: Realized investment gains (losses), net $ 0 $ 485 $ 1 $ 287 Other income $ 0 $ 0 $ 0 $ 146 Interest credited to policyholders’ account balances $ 1,970 $ 0 $ 0 $ 0 Year Ended December 31, 2014(5) Fixed Maturities Available-For-Sale U.S. Government U.S. States Foreign Government U.S. Corporate Public Securities U.S. Corporate Private Securities Foreign Corporate Public Securities Foreign Corporate Private Securities (in millions) Fair Value, beginning of period $ 0 $ 0 $ 1 $ 270 $ 343 $ 487 $ 229 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 0 0 9 (8 ) 19 Included in other comprehensive income (loss) 0 0 0 11 2 52 (20 ) Net investment income 0 0 0 (1 ) 8 1 (18 ) Purchases 0 2 2 232 192 13 388 Sales 0 (1 ) 0 (34 ) (22 ) (217 ) (363 ) Issuances 0 0 0 0 0 0 0 Settlements 0 0 0 (105 ) (231 ) (13 ) (64 ) Foreign currency translation 0 0 0 (13 ) 0 (53 ) 0 Other(1) 0 0 0 0 2 2 0 Transfers into Level 3(2) 0 5 0 61 257 1 0 Transfers out of Level 3(2) 0 0 (1 ) (64 ) (37 ) (13 ) 0 Fair Value, end of period $ 0 $ 6 $ 2 $ 357 $ 523 $ 252 $ 171 Unrealized gains (losses) for assets still held(3): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 0 $ 0 $ (20 ) $ 0 $ 0 Year Ended December 31, 2014 Fixed Maturities Available-For-Sale Asset- Backed(6) Commercial Mortgage- Backed Residential Mortgage- Backed (in millions) Fair Value, beginning of period $ 3,112 $ 165 $ 338 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 17 4 0 Included in other comprehensive income (loss) 24 (1 ) 0 Net investment income 17 0 0 Purchases 2,743 869 0 Sales (346 ) (11 ) 0 Issuances 0 0 0 Settlements (1,046 ) (5 ) (12 ) Foreign currency translation (60 ) (1 ) (18 ) Other(1) 53 0 (55 ) Transfers into Level 3(2) 1,164 0 0 Transfers out of Level 3(2) (1,619 ) (977 ) 0 Fair Value, end of period $ 4,059 $ 43 $ 253 Unrealized gains (losses) for assets still held(3): Included in earnings: Realized investment gains (losses), net $ 2 $ 0 $ 0 Year Ended December 31, 2014 Trading Account Assets Foreign Corporate Asset- Backed(6) Commercial Mortgage- Backed Residential Mortgage- Backed Equity All Other Activity (in millions) Fair Value, beginning of period $ 0 $ 115 $ 395 $ 1 $ 9 $ 842 $ 6 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 0 0 0 1 0 Other income 0 (7 ) 0 0 0 13 1 Net investment income 0 0 1 0 0 0 0 Purchases 21 181 119 87 0 29 0 Sales 0 (160 ) (21 ) 0 0 (64 ) 0 Issuances 0 0 0 0 0 0 0 Settlements 0 (10 ) (29 ) 0 (1 ) (84 ) 0 Foreign currency translation 0 0 (2 ) 0 0 (74 ) 0 Other(1) 0 0 2 (1 ) (1 ) 0 0 Transfers into Level 3(2) 0 9 47 5 0 0 0 Transfers out of Level 3(2) 0 (4 ) (119 ) (87 ) 0 0 0 Fair Value, end of period $ 21 $ 124 $ 393 $ 5 $ 7 $ 663 $ 7 Unrealized gains (losses) for assets still held(3): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 0 $ 0 $ 0 $ 1 $ 0 Other income $ 0 $ 6 $ 0 $ 0 $ 1 $ 16 $ 1 Year Ended December 31, 2014 Equity Securities Available- For-Sale Commercial Mortgage and Other Loans Other Long-term Investments Other Assets (in millions) Fair Value, beginning of period $ 304 $ 0 $ 1,396 $ 4 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 8 0 (8 ) 0 Other income 0 0 94 0 Included in other comprehensive income (loss) 9 0 0 0 Net investment income 0 0 (1 ) 0 Purchases 24 0 240 0 Sales (41 ) 0 (2 ) 0 Issuances 0 0 0 0 Settlements 0 0 (89 ) (2 ) Foreign currency translation (29 ) 0 (9 ) 0 Other(1) 1 0 (79 ) 0 Transfers into Level 3(2) 7 0 5 0 Transfers out of Level 3(2) (8 ) 0 0 0 Fair Value, end of period $ 275 $ 0 $ 1,547 $ 2 Unrealized gains (losses) for assets still held(3): Included in earnings: Realized investment gains (losses), net $ (2 ) $ 0 $ (8 ) $ 0 Other income $ 0 $ 0 $ 94 $ 0 Year Ended December 31, 2014 Separate Account Assets(4) Future Policy Benefits Other Liabilities Notes Issued by Consolidated VIEs (in millions) Fair Value, beginning of period $ 22,603 $ (441 ) $ (5 ) $ (3,254 ) Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 10 (6,831 ) 2 201 Interest credited to policyholders’ account balances 2,738 0 0 0 Net investment income 24 0 0 0 Purchases 1,801 0 0 0 Sales (710 ) 0 0 0 Issuances 0 (910 ) 0 (2,980 ) Settlements (1,783 ) 0 0 0 Foreign currency translation (1 ) 0 0 0 Other(1) 0 0 (2 ) 0 Transfers into Level 3(2) 100 0 0 0 Transfers out of Level 3(2) (120 ) 0 0 0 Fair Value, end of period $ 24,662 $ (8,182 ) $ (5 ) $ (6,033 ) Unrealized gains (losses) for assets/liabilities still held(3): Included in earnings: Realized investment gains (losses), net $ 0 $ (6,853 ) $ 2 $ 201 Interest credited to policyholders’ account balances $ 1,760 $ 0 $ 0 $ 0 Year Ended December 31, 2013(5) Fixed Maturities Available-For-Sale U.S. Government U.S. States Foreign Government U.S. Corporate Public Securities U.S. Corporate Private Securities Foreign Corporate Public Securities Foreign Corporate Private Securities (in millions) Fair Value, beginning of period $ 0 $ 0 $ 0 $ 263 $ 650 $ 566 $ 151 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 0 0 (40 ) (1 ) 11 Included in other comprehensive income (loss) 0 0 (1 ) (4 ) (17 ) 30 (27 ) Net investment income 0 0 0 0 5 0 (9 ) Purchases 0 0 4 107 162 139 69 Sales 0 0 (1 ) (61 ) (43 ) (14 ) (8 ) Issuances 0 0 0 0 0 0 0 Settlements 0 0 (2 ) (95 ) (347 ) 0 (137 ) Foreign currency translation 0 0 0 (7 ) 0 (112 ) (8 ) Other(1) 0 0 0 0 0 0 0 Transfers into Level 3(2) 0 0 13 222 143 21 187 Transfers out of Level 3(2) 0 0 (12 ) (155 ) (170 ) (142 ) 0 Fair Value, end of period $ 0 $ 0 $ 1 $ 270 $ 343 $ 487 $ 229 Unrealized gains (losses) for assets still held(3): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 0 $ 0 $ (51 ) $ (1 ) $ (1 ) Year Ended December 31, 2013 Fixed Maturities Available-For-Sale Asset- Backed(6) Commercial Mortgage- Backed Residential Mortgage- Backed (in millions) Fair Value, beginning of period $ 3,230 $ 124 $ 484 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 29 37 0 Included in other comprehensive income (loss) (6 ) (19 ) (2 ) Net investment income 37 0 (2 ) Purchases 2,412 438 0 Sales (320 ) (51 ) 0 Issuances 0 0 0 Settlements (1,175 ) (41 ) (55 ) Foreign currency translation (22 ) (9 ) (88 ) Other(1) (171 ) 0 1 Transfers into Level 3(2) 10 0 0 Transfers out of Level 3(2) (912 ) (314 ) 0 Fair Value, end of period $ 3,112 $ 165 $ 338 Unrealized gains (losses) for assets still held(3): Included in earnings: Realized investment gains (losses), net $ 13 $ 0 $ 0 Year Ended December 31, 2013 Trading Account Assets U.S. Government Corporate Asset- Backed(6) Commercial Mortgage- Backed Residential Mortgage- Backed Equity All Other Activity (in millions) Fair Value, beginning of period $ 0 $ 134 $ 419 $ 10 $ 12 $ 1,098 $ 25 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 0 0 0 0 (16 ) Other income 0 (8 ) 7 0 1 63 2 Net investment income 0 0 5 1 0 0 0 Purchases 0 23 319 74 0 17 0 Sales 0 (13 ) (2 ) (1 ) 0 (140 ) 0 Issuances 0 0 0 0 0 0 0 Settlements 0 (49 ) (228 ) (2 ) (3 ) (43 ) (5 ) Foreign currency translation 0 0 (6 ) (1 ) (2 ) (153 ) 0 Other(1) 0 0 (76 ) 0 0 0 0 Transfers into Level 3(2) 0 52 2 0 2 0 0 Transfers out of Level 3(2) 0 (24 ) (45 ) (80 ) (1 ) 0 0 Fair Value, end of period $ 0 $ 115 $ 395 $ 1 $ 9 $ 842 $ 6 Unrealized gains (losses) for assets still held(3): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ (16 ) Other income $ 0 $ (7 ) $ 7 $ 0 $ 0 $ 50 $ 2 Year Ended December 31, 2013 Equity Securities Available- For-Sale Commercial Mortgage and Other Loans Other Long-term Investments Other (in millions) Fair Value, beginning of period $ 330 $ 48 $ 1,053 $ 8 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 13 5 0 (4 ) Other income 0 0 160 0 Included in other comprehensive income (loss) 58 0 0 0 Purchases 37 0 439 0 Sales (65 ) 0 0 0 Issuances 0 0 0 0 Settlements (3 ) (53 ) (134 ) 0 Foreign currency translation (53 ) 0 (13 ) 0 Other(1) (18 ) 0 (109 ) 0 Transfers into Level 3(2) 6 0 0 0 Transfers out of Level 3(2) (1 ) 0 0 0 Fair Value, end of period $ 304 $ 0 $ 1,396 $ 4 Unrealized gains (losses) for assets/liabilities still held(3): Included in earnings: Realized investment gains (losses), net $ (5 ) $ 0 $ (2 ) $ (3 ) Other income $ 0 $ 0 $ 155 $ 0 Year Ended December 31, 2013 Separate Account Assets(4) Future Policy Benefits Other Liabilities Notes Issued by Consolidated VIEs (in millions) Fair Value, beginning of period $ 21,132 $ (3,348 ) $ 0 $ (1,406 ) Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 2 3,741 (3 ) 17 Interest credited to policyholders’ account balances 2,649 0 0 0 Net investment income 20 0 0 0 Purchases 1,653 0 0 0 Sales (832 ) 0 0 0 Issuances 0 (836 ) 0 (1,834 ) Settlements (2,120 ) 0 0 (31 ) Foreign currency translation 0 2 0 0 Other(1) 140 0 (2 ) 0 Transfers into Level 3(2) 89 0 0 0 Transfers out of Level 3(2) (130 ) 0 0 0 Fair Value, end of period $ 22,603 $ (441 ) $ (5 ) $ (3,254 ) Unrealized gains (losses) for assets/liabilities still held(3): Included in earnings: Realized investment gains (losses), net $ 0 $ 3,647 $ (3 ) $ 17 Interest credited to policyholders’ account balances $ 1,652 $ 0 $ 0 $ 0 __________ (1) For the year ended December 31, 2015 primarily represents distributions to and deconsolidations of noncontrolling interests and eliminations of intercompany separate account investments. For the years ended December 31, 2014 and 2013 primarily represents reclassifications of certain assets between reporting categories. (2) Transfers into or out of Level 3 are generally reported as the value as of the beginning of the quarter in which the transfers occur for any such assets still held at the end of the quarter. (3) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (4) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Consolidated Statements of Financial Position. (5) Prior period's amounts are presented on a basis consistent with the current period presentation. (6) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types.
Fair Value Assets and Liabilities Measured on Recurring Basis, Derivatives	The following tables present the balance of derivative assets and liabilities measured at fair value on a recurring basis, as of the date indicated, by primary underlying. These tables include NPR and exclude embedded derivatives and associated reinsurance recoverables. The derivative assets and liabilities shown below are included in “Trading account assets-All Other Activity,” “Other long-term investments” or “Other liabilities” in the tables presented above, under the headings “Assets and Liabilities by Hierarchy Level” and “Changes in Level 3 Assets and Liabilities.” As of December 31, 2015 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative assets: Interest Rate $ 11 $ 10,561 $ 7 $ 10,579 Currency 0 318 0 318 Credit 0 3 0 3 Currency/Interest Rate 0 2,995 0 2,995 Equity 4 254 32 290 Commodity 0 0 0 0 Netting(1) (11,457 ) (11,457 ) Total derivative assets $ 15 $ 14,131 $ 39 $ (11,457 ) $ 2,728 Derivative liabilities: Interest Rate $ 3 $ 4,573 $ 2 $ 4,578 Currency 0 114 0 114 Credit 0 53 0 53 Currency/Interest Rate 0 244 0 244 Equity 0 327 0 327 Commodity 0 0 0 0 Netting(1) (5,276 ) (5,276 ) Total derivative liabilities $ 3 $ 5,311 $ 2 $ (5,276 ) $ 40 As of December 31, 2014 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative assets: Interest Rate $ 5 $ 10,584 $ 6 $ 10,595 Currency 0 865 0 865 Credit 0 7 0 7 Currency/Interest Rate 0 1,885 0 1,885 Equity 5 562 5 572 Commodity 1 0 0 1 Netting(1) (12,332 ) (12,332 ) Total derivative assets $ 11 $ 13,903 $ 11 $ (12,332 ) $ 1,593 Derivative liabilities: Interest Rate $ 3 $ 4,948 $ 3 $ 4,954 Currency 0 1,025 0 1,025 Credit 0 30 0 30 Currency/Interest Rate 0 307 0 307 Equity 0 503 0 503 Commodity 0 0 0 0 Netting(1) (6,661 ) (6,661 ) Total derivative liabilities $ 3 $ 6,813 $ 3 $ (6,661 ) $ 158 __________ (1) “Netting” amounts represent cash collateral and the impact of offsetting asset and liability positions held with the same counterparty.
Fair Value Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation, Derivatives	The following tables provide a summary of the changes in fair value of Level 3 derivative assets and liabilities for the year ended December 31, 2015 , as well as the portion of gains or losses included in income for the year ended December 31, 2015 , attributable to unrealized gains or losses related to those assets and liabilities still held at December 31, 2015 . Year Ended December 31, 2015 Derivative Assets– Equity Derivative Assets– Interest Rate (in millions) Fair Value, beginning of period $ 6 $ 3 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 20 2 Other income 0 0 Purchases 9 0 Sales (2 ) 0 Issuances 0 0 Settlements 0 0 Transfers into Level 3(1) 0 0 Transfers out of Level 3(1) (1 ) 0 Fair Value, end of period $ 32 $ 5 Unrealized gains (losses) for the period relating to those Level 3 assets that were still held at the end of the period: Included in earnings: Realized investment gains (losses), net $ 20 $ 2 Other income $ 0 $ 0 Year Ended December 31, 2014 Derivative Assets– Equity Derivative Assets– Interest Rate (in millions) Fair Value, beginning of period $ 0 $ 3 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 1 0 Other income 0 0 Purchases 0 0 Sales 0 0 Issuances 0 0 Settlements 0 0 Transfers into Level 3(1) 5 0 Transfers out of Level 3(1) 0 0 Fair Value, end of period $ 6 $ 3 Unrealized gains (losses) for the period relating to those Level 3 assets that were still held at the end of the period: Included in earnings: Realized investment gains (losses), net $ 1 $ 0 Other income $ 0 $ 0 __________ (1) Transfers into or out of Level 3 are generally reported as the value as of the beginning of the quarter in which the transfer occurs.
Fair Value Measurements, Nonrecurring	The following table represents information for assets measured at fair value on a nonrecurring basis. The estimated fair values were classified as Level 3 in the valuation hierarchy. Year Ended December 31, 2015 2014 2013 (in millions) Commercial mortgage loans(1): Carrying value $ 0 $ 0 $ 27 Gains (Losses) $ 0 $ 0 $ (9 ) Mortgage servicing rights(2): Carrying value $ 90 $ 89 $ 100 Gains (Losses) $ (7 ) $ 7 $ 16 Cost method investments(3): Carrying value $ 239 $ 102 $ 338 Gains (Losses) $ (123 ) $ (21 ) $ (21 ) __________ (1) The reserve adjustments were based on discounted cash flows utilizing market rates or the fair value of the underlying real estate collateral. (2) Mortgage servicing rights are revalued based on internal models which utilize inputs. The fair value for mortgage servicing rights is determined using a discounted cash flow model incorporating assumptions for servicing revenues, adjusted for expected prepayments, delinquency rates, escrow deposit income and estimated loan servicing expenses. (3) For cost method impairments, the methodologies utilized were primarily discounted cash flow and, where appropriate, valuations provided by the general partners taking into consideration investment-related expenses.
Fair Value, Option	The following table presents information regarding changes in fair values recorded in earnings for commercial mortgage and other loans, other long-term investments and notes issued by consolidated VIEs, where the fair value option has been elected. Year Ended December 31, 2015 2014 2013 (in millions) Assets: Commercial mortgage and other loans: Changes in instrument-specific credit risk $ 0 $ 0 $ 0 Other changes in fair value 0 0 0 Other long-term investments: Changes in fair value 2 54 68 Liabilities: Notes issued by consolidated VIEs: Changes in fair value $ (434 ) $ (201 ) $ (17 )
Fair Value Disclosure Financial Instruments Not Carried at Fair Value	The table below presents the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value. The financial instruments presented below are reported at carrying value on the Company’s Consolidated Statements of Financial Position; however, in some cases, as described below, the carrying amount equals or approximates fair value. December 31, 2015 Fair Value Carrying Amount(1) Level 1 Level 2 Level 3 Total Total (in millions) Assets: Fixed maturities, held-to-maturity $ 0 $ 1,543 $ 1,081 $ 2,624 $ 2,308 Commercial mortgage and other loans 0 533 51,046 51,579 50,285 Policy loans 0 0 11,657 11,657 11,657 Other long-term investments 0 0 1,653 1,653 1,563 Short-term investments 0 617 1 618 618 Cash and cash equivalents 2,832 572 0 3,404 3,404 Accrued investment income 0 3,110 0 3,110 3,110 Other assets 136 2,334 652 3,122 3,122 Total assets $ 2,968 $ 8,709 $ 66,090 $ 77,767 $ 76,067 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 39,314 $ 54,957 $ 94,271 $ 93,937 Securities sold under agreements to repurchase 0 7,882 0 7,882 7,882 Cash collateral for loaned securities 0 3,496 0 3,496 3,496 Short-term debt 0 1,221 0 1,221 1,216 Long-term debt 1,328 16,540 3,433 21,301 19,727 Notes issued by consolidated VIEs 0 0 0 0 0 Other liabilities 0 5,344 695 6,039 6,039 Separate account liabilities—investment contracts 0 69,978 32,267 102,245 102,245 Total liabilities $ 1,328 $ 143,775 $ 91,352 $ 236,455 $ 234,542 December 31, 2014 Fair Value Carrying Amount(1) Level 1 Level 2 Level 3 Total Total (in millions) Assets: Fixed maturities, held-to-maturity $ 0 $ 1,703 $ 1,199 $ 2,902 $ 2,575 Commercial mortgage and other loans 0 559 48,158 48,717 46,052 Policy loans 0 0 11,712 11,712 11,712 Other long-term investments 0 0 1,917 1,917 1,712 Short-term investments 0 523 0 523 523 Cash and cash equivalents 2,230 843 0 3,073 3,073 Accrued investment income 0 3,130 0 3,130 3,130 Other assets 143 2,106 109 2,358 2,358 Total assets $ 2,373 $ 8,864 $ 63,095 $ 74,332 $ 71,135 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 40,264 $ 56,111 $ 96,375 $ 95,069 Securities sold under agreements to repurchase 0 9,407 0 9,407 9,407 Cash collateral for loaned securities 0 4,241 0 4,241 4,241 Short-term debt 0 3,784 104 3,888 3,839 Long-term debt 1,285 16,718 4,083 22,086 19,831 Notes issued by consolidated VIEs 0 0 18 18 25 Other liabilities 0 6,254 120 6,374 6,374 Separate account liabilities—investment contracts 0 82,801 24,175 106,976 106,976 Total liabilities $ 1,285 $ 163,469 $ 84,611 $ 249,365 $ 245,762 __________ (1) Carrying values presented herein differ from those in the Company’s Consolidated Statements of Financial Position because certain items within the respective financial statement captions are not considered financial instruments or out of scope under authoritative guidance relating to disclosures of the fair value of financial instruments. Financial statement captions excluded from the above table are not considered financial instruments.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below provides a summary of the gross notional amount and fair value of derivatives contracts by the primary underlying, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlyings. The fair value amounts below represent the gross fair value of derivative contracts prior to taking into account the netting effects of master netting agreements, cash collateral held with the same counterparty and NPR. This netting impact results in total derivative assets of $2,728 million and $1,593 million as of December 31, 2015 and 2014 , respectively, and total derivative liabilities of $40 million and $158 million as of December 31, 2015 and 2014 , respectively, reflected in the Consolidated Statements of Financial Position. December 31, 2015 December 31, 2014 Primary Underlying/ Instrument Type Gross Fair Value Gross Fair Value Notional(1) Assets Liabilities Notional(1) Assets Liabilities (in millions) Derivatives Designated as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 1,431 $ 20 $ (148 ) $ 1,714 $ 21 $ (191 ) Foreign Currency Foreign Currency Forwards 323 7 (1 ) 443 5 (14 ) Currency/Interest Rate Foreign Currency Swaps 12,739 1,592 (5 ) 10,772 679 (161 ) Total Qualifying Hedges $ 14,493 $ 1,619 $ (154 ) $ 12,929 $ 705 $ (366 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 173,091 $ 10,161 $ (4,232 ) $ 182,937 $ 9,904 $ (4,578 ) Interest Rate Futures 28,209 11 (3 ) 32,008 5 (3 ) Interest Rate Options 40,056 387 (196 ) 27,561 663 (180 ) Interest Rate Forwards 86 0 0 877 2 (1 ) Foreign Currency Foreign Currency Forwards 17,400 311 (113 ) 21,197 854 (1,011 ) Foreign Currency Options 93 0 0 203 6 0 Currency/Interest Rate Foreign Currency Swaps 11,607 1,404 (238 ) 11,083 1,207 (145 ) Credit Credit Default Swaps 1,839 3 (53 ) 2,622 7 (30 ) Equity Equity Futures 249 2 0 331 3 0 Equity Options 48,958 159 (118 ) 57,590 504 (41 ) Total Return Swaps 18,804 128 (209 ) 15,217 65 (462 ) Commodity Commodity Futures 80 0 0 18 1 0 Synthetic GICs 72,585 7 0 74,707 6 0 Total Non-Qualifying Derivatives(2) $ 413,057 $ 12,573 $ (5,162 ) $ 426,351 $ 13,227 $ (6,451 ) Total Derivatives(3) $ 427,550 $ 14,192 $ (5,316 ) $ 439,280 $ 13,932 $ (6,817 ) __________ (1) Notional amounts are presented on a gross basis and include derivatives used to offset existing positions. (2) Based on notional amounts, most of the Company’s derivatives do not qualify for hedge accounting as follows: i) derivatives that economically hedge embedded derivatives do not qualify for hedge accounting because changes in the fair value of the embedded derivatives are already recorded in net income, ii) derivatives that are utilized as macro hedges of the Company’s exposure to various risks typically do not qualify for hedge accounting because they do not meet the criteria required under portfolio hedge accounting rules, and iii) synthetic GICs, which are product standalone derivatives, do not qualify as hedging instruments under hedge accounting rules. (3) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlyings. The fair value of these embedded derivatives was a net liability of $8,408 million as of December 31, 2015 and a net liability of $8,162 million as of December 31, 2014 , primarily included in “Future policy benefits.”
Offsetting Assets	The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Consolidated Statements of Financial Position. December 31, 2015 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Statement of Financial Position Net Amounts Presented in the Statement of Financial Position Financial Instruments/ Collateral(1) Net Amount (in millions) Offsetting of Financial Assets: Derivatives(1) $ 14,028 $ (11,457 ) $ 2,571 $ (1,296 ) $ 1,275 Securities purchased under agreement to resell 776 0 776 (776 ) 0 Total Assets $ 14,804 $ (11,457 ) $ 3,347 $ (2,072 ) $ 1,275 Offsetting of Financial Liabilities: Derivatives(1) $ 5,310 $ (5,276 ) $ 34 $ (14 ) $ 20 Securities sold under agreement to repurchase 7,882 0 7,882 (7,882 ) 0 Total Liabilities $ 13,192 $ (5,276 ) $ 7,916 $ (7,896 ) $ 20 December 31, 2014 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Statement of Financial Position Net Amounts Presented in the Statement of Financial Position Financial Instruments/ Collateral(1) Net Amount (in millions) Offsetting of Financial Assets: Derivatives(1) $ 13,786 $ (12,332 ) $ 1,454 $ (623 ) $ 831 Securities purchased under agreement to resell 702 0 702 (702 ) 0 Total Assets $ 14,488 $ (12,332 ) $ 2,156 $ (1,325 ) $ 831 Offsetting of Financial Liabilities: Derivatives(1) $ 6,810 $ (6,661 ) $ 149 $ (149 ) $ 0 Securities sold under agreement to repurchase 9,407 0 9,407 (9,407 ) 0 Total Liabilities $ 16,217 $ (6,661 ) $ 9,556 $ (9,556 ) $ 0 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Offsetting Liabilities	The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Consolidated Statements of Financial Position. December 31, 2015 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Statement of Financial Position Net Amounts Presented in the Statement of Financial Position Financial Instruments/ Collateral(1) Net Amount (in millions) Offsetting of Financial Assets: Derivatives(1) $ 14,028 $ (11,457 ) $ 2,571 $ (1,296 ) $ 1,275 Securities purchased under agreement to resell 776 0 776 (776 ) 0 Total Assets $ 14,804 $ (11,457 ) $ 3,347 $ (2,072 ) $ 1,275 Offsetting of Financial Liabilities: Derivatives(1) $ 5,310 $ (5,276 ) $ 34 $ (14 ) $ 20 Securities sold under agreement to repurchase 7,882 0 7,882 (7,882 ) 0 Total Liabilities $ 13,192 $ (5,276 ) $ 7,916 $ (7,896 ) $ 20 December 31, 2014 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Statement of Financial Position Net Amounts Presented in the Statement of Financial Position Financial Instruments/ Collateral(1) Net Amount (in millions) Offsetting of Financial Assets: Derivatives(1) $ 13,786 $ (12,332 ) $ 1,454 $ (623 ) $ 831 Securities purchased under agreement to resell 702 0 702 (702 ) 0 Total Assets $ 14,488 $ (12,332 ) $ 2,156 $ (1,325 ) $ 831 Offsetting of Financial Liabilities: Derivatives(1) $ 6,810 $ (6,661 ) $ 149 $ (149 ) $ 0 Securities sold under agreement to repurchase 9,407 0 9,407 (9,407 ) 0 Total Liabilities $ 16,217 $ (6,661 ) $ 9,556 $ (9,556 ) $ 0 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following table provides the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship. Year Ended December 31, 2015 Realized Investment Gains (Losses) Net Investment Income Other Income Interest Expense Interest Credited To Policyholders’ Account Balances AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Interest Rate $ 29 $ (44 ) $ 0 $ 0 $ 0 $ 0 Currency 18 (1 ) 0 0 0 0 Total fair value hedges 47 (45 ) 0 0 0 0 Cash flow hedges Interest Rate 0 0 0 (7 ) 0 2 Currency/Interest Rate 0 75 146 0 0 957 Total cash flow hedges 0 75 146 (7 ) 0 959 Net investment hedges Currency 0 0 0 0 0 9 Currency/Interest Rate 0 0 0 0 0 31 Total net investment hedges 0 0 0 0 0 40 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 1,394 0 0 0 0 0 Currency (124 ) 0 (2 ) 0 0 0 Currency/Interest Rate 563 0 7 0 0 0 Credit (5 ) 0 0 0 0 0 Equity (591 ) 0 0 0 0 0 Commodity 0 0 0 0 0 0 Embedded Derivatives 724 0 0 0 0 0 Total non-qualifying hedges 1,961 0 5 0 0 0 Total $ 2,008 $ 30 $ 151 $ (7 ) $ 0 $ 999 Year Ended December 31, 2014 Realized Investment Gains (Losses) Net Investment Income Other Income Interest Expense Interest Credited To Policyholders’ Account Balances AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Interest Rate $ (4 ) $ (57 ) $ 0 $ 0 $ 2 $ 0 Currency (9 ) (1 ) 0 0 0 0 Total fair value hedges (13 ) (58 ) 0 0 2 0 Cash flow hedges Interest Rate 0 0 0 (22 ) 0 38 Currency/Interest Rate 0 7 67 0 0 614 Total cash flow hedges 0 7 67 (22 ) 0 652 Net investment hedges Currency 0 0 0 0 0 17 Currency/Interest Rate 0 0 0 0 0 128 Total net investment hedges 0 0 0 0 0 145 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 7,623 0 0 0 0 0 Currency (562 ) 0 0 0 0 0 Currency/Interest Rate 1,124 0 5 0 0 0 Credit (22 ) 0 0 0 0 0 Equity (1,605 ) 0 0 0 0 0 Commodity 1 0 0 0 0 0 Embedded Derivatives (6,734 ) 0 0 0 0 0 Total non-qualifying hedges (175 ) 0 5 0 0 0 Total $ (188 ) $ (51 ) $ 72 $ (22 ) $ 2 $ 797 Year Ended December 31, 2013 Realized Investment Gains (Losses) Net Investment Income Other Income Interest Expense Interest Credited To Policyholders’ Account Balances AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Interest Rate $ 103 $ (71 ) $ 0 $ 0 $ 20 $ 0 Currency (80 ) (1 ) 0 0 0 0 Total fair value hedges 23 (72 ) 0 0 20 0 Cash flow hedges Interest Rate 0 0 0 (23 ) 0 26 Currency/Interest Rate 0 2 (91 ) 0 0 (215 ) Total cash flow hedges 0 2 (91 ) (23 ) 0 (189 ) Net investment hedges Currency(2) 0 0 (4 ) 0 0 6 Currency/Interest Rate 0 0 0 0 0 233 Total net investment hedges 0 0 (4 ) 0 0 239 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (5,254 ) 0 0 0 0 0 Currency (591 ) 0 0 0 0 0 Currency/Interest Rate 131 0 (2 ) 0 0 0 Credit (4 ) 0 0 0 0 0 Equity (3,684 ) 0 0 0 0 0 Commodity 1 0 0 0 0 0 Embedded Derivatives 3,752 0 0 0 0 0 Total non-qualifying hedges (5,649 ) 0 (2 ) 0 0 0 Total $ (5,626 ) $ (70 ) $ (97 ) $ (23 ) $ 20 $ 50 __________ (1) Amounts deferred in AOCI. (2) Relates to the sale of equity method investments.
Schedule of Derivative Instruments Recognized in Accumulated Other Comprehensive Income(Loss) Before Taxes	Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in millions) Balance, December 31, 2012 $ (257 ) Net deferred gains (losses) on cash flow hedges from January 1 to December 31, 2013 (317 ) Amount reclassified into current period earnings 128 Balance, December 31, 2013 (446 ) Net deferred gains (losses) on cash flow hedges from January 1 to December 31, 2014 706 Amount reclassified into current period earnings (54 ) Balance, December 31, 2014 206 Net deferred gains (losses) on cash flow hedges from January 1 to December 31, 2015 1,199 Amount reclassified into current period earnings (240 ) Balance, December 31, 2015 $ 1,165

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table sets forth the significant components of “Realized investment gains (losses), net” that are included in adjusted operating income and, as a result, are reflected as adjustments to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income: Year Ended December 31, 2015 2014 2013 (in millions) Net gains (losses) from(1): Terminated hedges of foreign currency earnings $ 284 $ 293 $ 240 Current period yield adjustments $ 475 $ 476 $ 445 Principal source of earnings $ 123 $ 100 $ 122 __________ (1) In addition to the items in the table above, “Realized investment gains (losses), net, and related charges and adjustments” also includes an adjustment to reflect “Realized investment gains (losses), net” related to divested businesses as results of “Divested businesses,” discussed below. The following table sets forth certain other items excluded from adjusted operating income and reflected as an adjustment to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income: Year Ended December 31, 2015 2014 2013 (in millions) Net gains (losses) from: Other trading account assets $ (94 ) $ (21 ) $ 168 Foreign currency exchange movements $ 69 $ (3,023 ) $ (4,060 ) Other activities $ 9 $ 13 $ 167 The table below reconciles adjusted operating income before income taxes to income from continuing operations before income taxes and equity in earnings of operating joint ventures: Year ended December 31, 2015 2014 2013 (in millions) Adjusted Operating Income before income taxes by Segment: Individual Annuities $ 1,797 $ 1,467 $ 2,085 Retirement 931 1,215 1,039 Asset Management 779 785 723 Total U.S. Retirement Solutions and Investment Management division 3,507 3,467 3,847 Individual Life 635 498 583 Group Insurance 176 23 157 Total U.S. Individual Life and Group Insurance division 811 521 740 International Insurance 3,226 3,252 3,152 Total International Insurance division 3,226 3,252 3,152 Corporate and Other operations (1,313 ) (1,348 ) (1,370 ) Total Corporate and Other (1,313 ) (1,348 ) (1,370 ) Total Adjusted Operating Income before income taxes 6,231 5,892 6,369 Reconciling Items: Realized investment gains (losses), net, and related adjustments 2,258 (3,588 ) (9,956 ) Charges related to realized investment gains (losses), net (679 ) (542 ) 1,807 Investment gains (losses) on trading account assets supporting insurance liabilities, net (524 ) 339 (250 ) Change in experience-rated contractholder liabilities due to asset value changes 433 (294 ) 227 Divested businesses: Closed Block division(1) 58 0 0 Other divested businesses (66 ) 167 29 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests 58 44 28 Subtotal(2) 7,769 2,018 (1,746 ) Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures for Closed Block Business(3) 0 (259 ) 62 Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures $ 7,769 $ 1,759 $ (1,684 ) __________ (1) As a result of the Class B Repurchase, for the year ended December 31, 2015, the Closed Block, along with certain related assets and liabilities, comprises the Closed Block division, which is accounted for as a divested business that is reported separately from the divested businesses that are included in Corporate and Other operations. (2) Amounts for the years ended December 31, 2014 and 2013 represent “Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures” of the Company’s former Financial Services Businesses, reflecting the existence of two classes of common stock and the separate reporting of the Financial Services Businesses and the Closed Block Business for each period. (3) Reflects the existence of two classes of common stock and the separate reporting of the Company’s former Financial Services Businesses and the Closed Block Business for the years ended December 31, 2014 and 2013.
Reconciliation of Certain Financial Information from Segments to Consolidated	The tables below present certain financial information for the Company’s reportable segments: As of December 31, 2015 2014 (in millions) Total Assets: Individual Annuities $ 169,447 $ 174,951 Retirement 171,183 179,674 Asset Management 54,491 50,214 Total U.S. Retirement Solutions and Investment Management division 395,121 404,839 Individual Life 71,856 70,152 Group Insurance 39,344 41,125 Total U.S. Individual Life and Group Insurance division 111,200 111,277 International Insurance 175,153 171,635 Total International Insurance division 175,153 171,635 Corporate and Other operations 13,787 8,013 Total Corporate and Other 13,787 8,013 Closed Block(1) 62,127 70,891 Total Closed Block division(1) 62,127 70,891 Total per Consolidated Statements of Financial Position $ 757,388 $ 766,655 __________ (1) As of December 31, 2014, represents assets of the former Closed Block Business. Year Ended December 31, 2015 Revenues Net Investment Income Policyholders’ Benefits Interest Credited to Policyholders’ Account Balances Dividends to Policyholders Interest Expense Amortization of DAC (in millions) Individual Annuities $ 4,695 $ 603 $ 314 $ 363 $ 0 $ 69 $ 465 Retirement 11,821 4,082 8,352 1,441 (2 ) 25 66 Asset Management 2,944 111 0 0 0 10 19 Total U.S. Retirement Solutions and Investment Management division 19,460 4,796 8,666 1,804 (2 ) 104 550 Individual Life 5,233 1,669 2,245 644 33 550 133 Group Insurance 5,143 586 3,868 257 0 8 6 Total U.S. Individual Life and Group Insurance division 10,376 2,255 6,113 901 33 558 139 International Insurance 19,364 4,357 11,821 880 51 5 989 Total International Insurance division 19,364 4,357 11,821 880 51 5 989 Corporate and Other operations (570 ) 550 16 0 0 635 (47 ) Total Corporate and Other (570 ) 550 16 0 0 635 (47 ) Total 48,630 11,958 26,616 3,585 82 1,302 1,631 Reconciling items: Realized investment gains (losses), net, and related adjustments 2,258 1 0 0 0 0 0 Charges related to realized investment gains (losses), net (31 ) 0 39 191 0 0 452 Investment gains (losses) on trading account assets supporting insurance liabilities, net (524 ) 0 0 0 0 0 0 Change in experience-rated contractholder liabilities due to assets value changes 0 0 0 (433 ) 0 0 0 Divested businesses: Closed Block division(1) 6,160 2,653 3,365 135 2,130 1 37 Other divested businesses 638 217 607 1 0 3 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (12 ) 0 0 0 0 0 0 Total per Consolidated Statements of Operations $ 57,119 $ 14,829 $ 30,627 $ 3,479 $ 2,212 $ 1,306 $ 2,120 __________ (1) As a result of the Class B Repurchase, for the year ended December 31, 2015, the Closed Block, along with certain related assets and liabilities, comprises the Closed Block division, which is accounted for as a divested business that is reported separately from the divested businesses that are included in Corporate and Other operations. Year Ended December 31, 2014 Revenues Net Investment Income Policyholders’ Benefits Interest Credited to Policyholders’ Account Balances Dividends to Policyholders Interest Expense Amortization of DAC (in millions) Individual Annuities $ 4,710 $ 630 $ 481 $ 429 $ 0 $ 107 $ 543 Retirement 12,077 4,209 8,336 1,476 0 25 31 Asset Management 2,840 120 0 0 0 10 20 Total U.S. Retirement Solutions and Investment Management division 19,627 4,959 8,817 1,905 0 142 594 Individual Life 5,226 1,620 2,108 606 32 533 345 Group Insurance 5,357 613 4,215 248 0 9 8 Total U.S. Individual Life and Group Insurance division 10,583 2,233 6,323 854 32 542 353 International Insurance 20,066 4,434 12,234 961 50 4 961 Total International Insurance division 20,066 4,434 12,234 961 50 4 961 Corporate and Other operations (632 ) 420 83 0 0 620 (55 ) Total Corporate and Other (632 ) 420 83 0 0 620 (55 ) Total 49,644 12,046 27,457 3,720 82 1,308 1,853 Reconciling items: Realized investment gains (losses), net, and related adjustments (3,588 ) (5 ) 0 0 0 0 0 Charges related to realized investment gains (losses), net 55 0 295 111 (1 ) 0 83 Investment gains (losses) on trading account assets supporting insurance liabilities, net 339 0 0 0 0 0 0 Change in experience-rated contractholder liabilities due to assets value changes 0 0 0 294 0 0 0 Divested businesses 762 208 509 2 0 3 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (13 ) 0 0 0 0 0 0 Subtotal 47,199 12,249 28,261 4,127 81 1,311 1,936 Closed Block Business(1) 6,906 3,007 3,326 136 2,635 597 37 Total per Consolidated Statements of Operations $ 54,105 $ 15,256 $ 31,587 $ 4,263 $ 2,716 $ 1,908 $ 1,973 __________ (1) Reflects the existence of two classes of common stock and the separate reporting of the Company’s former Financial Services Businesses and the Closed Block Business for the year ended December 31, 2014. Year Ended December 31, 2013 Revenues Net Investment Income Policyholders’ Benefits Interest Credited to Policyholders’ Account Balances Dividends to Policyholders Interest Expense Amortization of DAC (in millions) Individual Annuities $ 4,465 $ 693 $ 77 $ 381 $ 0 $ 91 $ 257 Retirement 6,028 4,067 2,461 1,529 0 26 15 Asset Management 2,678 87 0 0 0 11 25 Total U.S. Retirement Solutions and Investment Management division 13,171 4,847 2,538 1,910 0 128 297 Individual Life 4,620 1,406 1,869 576 33 407 111 Group Insurance 5,518 585 4,299 232 0 7 10 Total U.S. Individual Life and Group Insurance division 10,138 1,991 6,168 808 33 414 121 International Insurance 22,540 4,306 14,499 984 107 3 1,011 Total International Insurance division 22,540 4,306 14,499 984 107 3 1,011 Corporate and Other operations (568 ) 386 (35 ) 0 0 715 (35 ) Total Corporate and Other (568 ) 386 (35 ) 0 0 715 (35 ) Total 45,281 11,530 23,170 3,702 140 1,260 1,394 Reconciling items: Realized investment gains (losses), net, and related adjustments (9,960 ) (13 ) 0 0 0 0 0 Charges related to realized investment gains (losses), net (199 ) 0 (225 ) (500 ) 0 0 (1,191 ) Investment gains (losses) on trading account assets supporting insurance liabilities, net (250 ) 0 0 0 0 0 0 Change in experience-rated contractholder liabilities due to assets value changes 0 0 0 (227 ) 0 0 0 Divested businesses 631 196 454 0 0 1 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (78 ) 0 0 0 0 0 0 Subtotal 35,425 11,713 23,399 2,975 140 1,261 203 Closed Block Business(1) 6,036 3,016 3,334 136 1,910 148 37 Total per Consolidated Statements of Operations $ 41,461 $ 14,729 $ 26,733 $ 3,111 $ 2,050 $ 1,409 $ 240 __________ (1) Reflects the existence of two classes of common stock and the separate reporting of the Company’s former Financial Services Businesses and the Closed Block Business for the year ended December 31, 2013.
Schedule Of Revenues From Domestic And Foreign Operations	Revenues, calculated in accordance with U.S. GAAP, for the years ended December 31, include the following associated with the Company’s foreign and domestic operations: 2015 2014 2013 (in millions) Domestic operations $ 36,151 $ 35,793 $ 22,222 Foreign operations, total $ 20,968 $ 18,312 $ 19,239 Foreign operations, Japan $ 18,177 $ 15,461 $ 16,523 Foreign operations, Korea $ 1,462 $ 1,484 $ 1,437
Schedule Of Intersegment Revenues	The Asset Management segment revenues include intersegment revenues, primarily consisting of asset-based management and administration fees, for the years ended December 31, as follows: 2015 2014 2013 (in millions) Asset Management segment intersegment revenues $ 682 $ 645 $ 611

Commitments and Guarantees, C58

Commitments and Guarantees, Contingent Liabilities and Litigation and Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments And Guarantees And Contingent Liabilities [Abstract]
Operating Leases of Lessee Disclosure	The following table presents, at December 31, 2015 , the Company’s future minimum lease payments under non-cancelable operating and capital leases along with associated sub-lease income: Operating and Capital Leases(1) Sub-lease Income (in millions) 2016 $ 131 $ (1 ) 2017 117 0 2018 92 0 2019 74 0 2020 53 0 2021 and thereafter 198 0 Total $ 665 $ (1 ) __________ (1) Future minimum lease payments under capital leases were $ 22 million as of December 31, 2015 .
Commitments Gurantees And Contingent Liabilities [Line Items]
Insolvency Assessment	Assets and liabilities held for insolvency assessments were as follows: As of December 31, 2015 2014 (in millions) Other assets: Premium tax offset for future undiscounted assessments $ 79 $ 92 Premium tax offsets currently available for paid assessments 6 6 Total $ 85 $ 98 Other liabilities: Insolvency assessments $ 39 $ 39
Securities Lending Transactions
Commitments Gurantees And Contingent Liabilities [Line Items]
Commitments And Guarantees	Indemnification of Securities Lending Transactions As of December 31, 2015 2014 (in millions) Indemnification provided to mutual fund, trust fund, and insurance company separate account clients for securities lending $ 15,084 $ 14,334 Fair value of related collateral associated with above indemnifications $ 15,508 $ 14,740 Accrued liability associated with guarantee $ 0 $ 0
Asset Values
Commitments Gurantees And Contingent Liabilities [Line Items]
Commitments And Guarantees	Guarantees of Asset Values As of December 31, 2015 2014 (in millions) Guaranteed value of third parties’ assets $ 72,585 $ 74,707 Fair value of collateral supporting these assets $ 73,634 $ 76,711 Asset associated with guarantee, carried at fair value $ 7 $ 6
Credit Enhancements
Commitments Gurantees And Contingent Liabilities [Line Items]
Commitments And Guarantees	Guarantees of Credit Enhancements As of December 31, 2015 2014 (in millions) Guarantees of credit enhancements of debt instruments associated with commercial real estate assets $ 24 $ 5 Fair value of collateral that secure the guarantee $ 25 $ 8 Accrued liability associated with guarantee $ 0 $ 0
Serviced Mortgage Loans
Commitments Gurantees And Contingent Liabilities [Line Items]
Commitments And Guarantees	Indemnification of Serviced Mortgage Loans As of December 31, 2015 2014 (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 1,200 $ 1,248 First-loss exposure portion of above $ 371 $ 388 Accrued liability associated with guarantees $ 14 $ 16
Other Guarantees
Commitments Gurantees And Contingent Liabilities [Line Items]
Commitments And Guarantees	Other Guarantees As of December 31, 2015 2014 (in millions) Other guarantees where amount can be determined $ 324 $ 331 Accrued liability for other guarantees and indemnifications $ 4 $ 5
Commercial mortgage and other loans
Commitments Gurantees And Contingent Liabilities [Line Items]
Commitments And Guarantees	Commercial Mortgage Loan Commitments As of December 31, 2015 2014 (in millions) Total outstanding mortgage loan commitments $ 2,272 $ 2,442 Portion of commitment where prearrangement to sell to investor exists $ 721 $ 958
Investments Excluding Commercial Mortgage Loans
Commitments Gurantees And Contingent Liabilities [Line Items]
Commitments And Guarantees	Commitments to Purchase Investments (excluding Commercial Mortgage Loans) As of December 31, 2015 2014 (in millions) Expected to be funded from the general account and other operations outside the separate accounts(1) $ 3,787 $ 4,883 Expected to be funded from separate accounts $ 92 $ 28 __________ (1) Includes a remaining commitment of $152 million and $194 million at December 31, 2015 and 2014 , respectively, related to the Company’s agreement to co-invest with the Fosun Group (“Fosun”) in a private equity fund, managed by Fosun, for the Chinese marketplace.

Quarterly Results of Operatio59

Quarterly Results of Operations (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Data [Abstract]
Schedule of Quarterly Financial Information	The unaudited quarterly results of operations for the years ended December 31, 2015 and 2014 are summarized in the table below: Three Months Ended March 31 June 30 September 30 December 31 (in millions, except per share amounts) 2015 Total revenues $15,552 $13,712 $13,599 $14,256 Total benefits and expenses 12,804 11,583 11,550 13,413 Income (loss) from continuing operations 2,046 1,459 1,467 740 Income (loss) from discontinued operations 0 0 0 0 Net income (loss) 2,046 1,459 1,467 740 Less: Income attributable to noncontrolling interests 10 53 2 5 Net income (loss) attributable to Prudential Financial, Inc. 2,036 1,406 1,465 735 Basic earnings per share—Common Stock(1)(2): Income (loss) from continuing operations attributable to Prudential Financial, Inc. $ 4.44 $ 3.07 $ 3.22 $ 1.62 Income (loss) from discontinued operations, net of taxes 0.00 0.00 0.00 0.00 Net income (loss) attributable to Prudential Financial, Inc. $ 4.44 $ 3.07 $ 3.22 $ 1.62 Diluted earnings per share—Common Stock(1)(2): Income (loss) from continuing operations attributable to Prudential Financial, Inc. $ 4.37 $ 3.03 $ 3.16 $ 1.60 Income (loss) from discontinued operations, net of taxes 0.00 0.00 0.00 0.00 Net income (loss) attributable to Prudential Financial, Inc. $ 4.37 $ 3.03 $ 3.16 $ 1.60 2014 Total revenues $12,854 $13,146 $12,380 $15,725 Total benefits and expenses 11,136 11,639 12,096 17,475 Income (loss) from continuing operations 1,245 1,109 523 (1,451 ) Income (loss) from discontinued operations 4 4 0 4 Net income (loss) 1,249 1,113 523 (1,447 ) Less: Income attributable to noncontrolling interests 11 23 11 12 Net income (loss) attributable to Prudential Financial, Inc. 1,238 1,090 512 (1,459 ) Basic earnings per share—Common Stock(1)(2): Income (loss) from continuing operations attributable to Prudential Financial, Inc. $ 2.62 $ 2.25 $ 1.00 $ (2.70 ) Income (loss) from discontinued operations, net of taxes 0.01 0.01 0.00 0.01 Net income (loss) attributable to Prudential Financial, Inc. $ 2.63 $ 2.26 $ 1.00 $ (2.69 ) Diluted earnings per share—Common Stock(1)(2): Income (loss) from continuing operations attributable to Prudential Financial, Inc. $ 2.58 $ 2.21 $ 0.99 $ (2.70 ) Income (loss) from discontinued operations, net of taxes 0.01 0.01 0.00 0.01 Net income (loss) attributable to Prudential Financial, Inc. $ 2.59 $ 2.22 $ 0.99 $ (2.69 ) __________ (1) Quarterly earnings per share amounts may not add to the full year amounts due to the averaging of shares. (2) For 2015, represents consolidated earnings per share of Common Stock. For 2014, represents earnings of the Company’s former Financial Services Businesses per share of Common Stock. See Note 16 for additional information.

Business and Basis of Present60

Business and Basis of Presentation (Narrative) (Details) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2015USD ($)division	Dec. 31, 2014USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Operating Segments | division			4
Long-term disability
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Out of Period Adjustment Increase/Benefit (Decrease/Charge)		$ (48)		$ (58)
Deferred Profit Liability
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Out of Period Adjustment Increase/Benefit (Decrease/Charge)				(43)
Variable Annuity
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Out of Period Adjustment Increase/Benefit (Decrease/Charge)	$ (127)	(45)	$ 84	(35)
Income From Continuing Operations Before Income Taxes And Equity In Earnings Of Operating Joint Ventures
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Out of Period Adjustment Increase/Benefit (Decrease/Charge)		$ (156)	$ 84	$ (193)

Significant Accounting Polici61

Significant Accounting Policies and Pronouncements (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jan. 01, 2016	Dec. 31, 2012
Accounting Policies [Abstract]
Loan-to-value ratios (greater than)		100.00%
Debt service coverage ratios (less than)		1
Partnership interest (generally less than)		3.00%
Significant Accounting Policies [Line Items]
Other income (loss)		$ 0	$ (1,978)	$ (3,199)
Uncertain Tax Positions Measurement Percentage (greater than)		50.00%
Decrease to Total assets		$ (757,388)	(766,655)
Decrease to Total investments		(417,192)	(419,986)
Decrease to Total liabilities		(715,465)	(724,306)
Decrease to Notes issued by consolidated variable interest entities	[1]	(8,597)	(6,058)
Increase to Total equity		41,923	42,349	35,881		$ 39,112
Subsequent Event | Adjustments for New Accounting Pronouncement
Significant Accounting Policies [Line Items]
Decrease to Total assets					$ 5,500
Decrease to Total investments					5,100
Decrease to Total liabilities					5,500
Decrease to Notes issued by consolidated variable interest entities					5,100
Increase to Total equity					$ 12
Foreign Currency Gain Loss
Significant Accounting Policies [Line Items]
Other income (loss)		$ 100	$ (3,000)	$ (4,100)
Minimum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life		3 years
Repurchase and Resale Agreements, Collateral, Percentage		95.00%
Securities loaned transactions collateral		102.00%
Maximum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life		40 years
Securities loaned transactions collateral		105.00%
[1]	See Note 5 for details of balances associated with variable interest entities.

Acquisitions and Dispositions (

Acquisitions and Dispositions (Narrative) (Details) policy in Millions	Jan. 28, 2016USD ($)	Jan. 02, 2014USD ($)	Jan. 02, 2013USD ($)	Jan. 31, 2013USD ($)policy	Jan. 28, 2016CLP / shares	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Oct. 31, 2014	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Business Acquisition [Line Items]
Goodwill						$ 824,000,000	$ 831,000,000		$ 839,000,000	$ 873,000,000
Net Retained Face Amount of Life Insurance In Force Acquired			$ 141,000,000,000
Value Of Business Acquired VOBA						$ 2,828,000,000	$ 2,836,000,000		$ 3,675,000,000	$ 3,248,000,000
AFP Habitat | Subsequent Event
Business Acquisition [Line Items]
Acquisition Price per Share (in Chilean pesos per share) | CLP / shares					CLP 899.90
Gibraltar BSN Life Berhad
Business Acquisition [Line Items]
Cash paid for business acquisition		$ 158,000,000
Total assets acquired		758,000,000
Cash and Cash Equivalents Acquired		88,000,000
Goodwill		33,000,000
Goodwill, Tax Deductible Amount		0
Total liabilities assumed		$ 600,000,000
Gibraltar BSN Life Berhad | Prudential Insurance
Business Acquisition [Line Items]
Percentage of cash paid for business acquired		70.00%
Gibraltar BSN Life Berhad | Bank Simpanan Nasional
Business Acquisition [Line Items]
Percentage of cash paid for business acquired		30.00%
Hartford
Business Acquisition [Line Items]
Total assets acquired				$ 11,200,000,000
Cash and Cash Equivalents Acquired				100,000,000
Goodwill				0
Total liabilities assumed				10,600,000,000
Ceding Commission Paid				$ 615,000,000
Number of Life Insurance Policies Acquired | policy				0.7
Net Retained Face Amount of Life Insurance In Force Acquired				$ 141,000,000,000
Value Of Business Acquired VOBA				$ 1,400,000,000
Minimum | AFP Habitat
Business Acquisition [Line Items]
Percentage of shares acquired								34.00%
Minimum | AFP Habitat | Subsequent Event
Business Acquisition [Line Items]
Cash paid for business acquisition	$ 430,000,000
Maximum | AFP Habitat
Business Acquisition [Line Items]
Percentage of shares acquired								40.00%
Percentage of shares expected to be acquired by third party								13.00%
Maximum | AFP Habitat | Subsequent Event
Business Acquisition [Line Items]
Cash paid for business acquisition	$ 510,000,000

Investments (Fixed Maturities a

Investments (Fixed Maturities and Equity Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		$ 265,416	$ 265,116
Amortized Cost		6,847	6,921
Fair Value	[1]	290,323	299,090
Fair Value		9,274	9,861
OTTI in AOCI		(459)	(605)
Amortized Cost	[1]	2,308	2,575
Fair Value		2,624	2,902
Net unrealized gains on impaired available for sale securities relating to changes in value of securities subsequent to the impairment measurement date		693	954
Net unrealized gains on impaired held to maturity securities (less than for 2015)		1	1
Prudential Netting Agreement
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		1,050
Fair Value		1,039
Amortized Cost		3,850	3,588
Fair Value		4,081	3,953
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		0	0
Obligations of U.S. states and their political subdivisions
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		0	0
Foreign government bonds
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		1	(1)
U.S. corporate public securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		(3)	(6)
U.S. corporate private securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		0	0
Foreign corporate public securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		0	0
Foreign corporate private securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		0	0
Asset-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		(452)	(592)
Commercial mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		(1)	(1)
Residential mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
OTTI in AOCI		(4)	(5)
Fixed Maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		265,416	265,116
Gross Unrealized Gains		29,240	35,329
Gross Unrealized Losses		4,333	1,355
Fair Value		290,323	299,090
Amortized Cost		2,308	2,575
Gross Unrealized Gains		316	328
Gross Unrealized Losses		0	1
Fair Value		2,624	2,902
Fixed Maturities | Prudential Netting Agreement
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		1,050	385
Fair Value		1,039	385
Fixed Maturities | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		14,992	15,807
Gross Unrealized Gains		3,544	4,321
Gross Unrealized Losses		19	5
Fair Value		18,517	20,123
Fixed Maturities | Obligations of U.S. states and their political subdivisions
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		8,089	5,720
Gross Unrealized Gains		747	814
Gross Unrealized Losses		41	3
Fair Value		8,795	6,531
Fixed Maturities | Foreign government bonds
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		71,849	69,894
Gross Unrealized Gains		12,011	11,164
Gross Unrealized Losses		147	117
Fair Value		83,713	80,941
Amortized Cost		816	821
Gross Unrealized Gains		196	184
Gross Unrealized Losses		0	0
Fair Value		1,012	1,005
Fixed Maturities | U.S. corporate public securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		70,979	70,960
Gross Unrealized Gains		6,344	9,642
Gross Unrealized Losses		1,955	536
Fair Value		75,368	80,066
Fixed Maturities | U.S. corporate private securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		28,525	27,767
Gross Unrealized Gains		2,278	3,082
Gross Unrealized Losses		359	89
Fair Value		30,444	30,760
Fixed Maturities | Foreign corporate public securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		26,354	27,515
Gross Unrealized Gains		2,821	3,768
Gross Unrealized Losses		621	214
Fair Value		28,554	31,069
Amortized Cost		625	635
Gross Unrealized Gains		62	64
Gross Unrealized Losses		0	1
Fair Value		687	698
Fixed Maturities | Foreign corporate private securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		19,393	17,389
Gross Unrealized Gains		739	1,307
Gross Unrealized Losses		994	215
Fair Value		19,138	18,481
Amortized Cost		78	78
Gross Unrealized Gains		4	4
Gross Unrealized Losses		0	0
Fair Value		82	82
Fixed Maturities | Asset-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		10,121	10,966
Gross Unrealized Gains		226	353
Gross Unrealized Losses		121	134
Fair Value		10,226	11,185
Fixed Maturities | Commercial mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		10,337	13,486
Gross Unrealized Gains		195	430
Gross Unrealized Losses		70	39
Fair Value		10,462	13,877
Amortized Cost		33	78
Gross Unrealized Gains		1	7
Gross Unrealized Losses		0	0
Fair Value		34	85
Fixed Maturities | Residential mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		4,777	5,612
Gross Unrealized Gains		335	448
Gross Unrealized Losses		6	3
Fair Value		5,106	6,057
Amortized Cost		756	963
Gross Unrealized Gains		53	69
Gross Unrealized Losses		0	0
Fair Value		809	1,032
Equity Securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		6,847	6,921
Gross Unrealized Gains		2,570	3,023
Gross Unrealized Losses		143	83
Fair Value		$ 9,274	$ 9,861
[1]	See Note 5 for details of balances associated with variable interest entities.

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Available for Sale, Amortized Cost
Due in one year or less		$ 8,599
Due after one year through five years		46,088
Due after five years through ten years		57,566
Due after ten years		127,928
Total		265,416	$ 265,116
Available-for-Sale, Fair Value
Due in one year or less		9,200
Due after one year through five years		50,303
Due after five years through ten years		62,024
Due after ten years		143,002
Fair Value	[1]	290,323	299,090
Held-to-Maturity, Amortized Cost
Due in one year or less		0
Due after one year through five years		73
Due after five years through ten years		437
Due after ten years		1,009
Total	[1]	2,308	2,575
Held-to-Maturity, Fair Value
Due in one year or less		0
Due after one year through five years		78
Due after five years through ten years		485
Due after ten years		1,218
Fixed maturities, held to maturity, fair value		2,624	2,902
Prudential Netting Agreement
Available for Sale, Amortized Cost
Total		1,050
Available-for-Sale, Fair Value
Fair Value		1,039
Held-to-Maturity, Amortized Cost
Total		3,850	3,588
Held-to-Maturity, Fair Value
Fixed maturities, held to maturity, fair value		4,081	$ 3,953
Commercial mortgage-backed securities
Available for Sale, Amortized Cost
Debt Maturities, without single maturity date		10,337
Available-for-Sale, Fair Value
Debt Maturities, without Single Maturity Date		10,462
Held-to-Maturity, Amortized Cost
Debt Maturities, without Single Maturity Date		33
Held-to-Maturity, Fair Value
Debt Maturities, without Single Maturity Date		34
Residential mortgage-backed securities
Available for Sale, Amortized Cost
Debt Maturities, without single maturity date		4,777
Available-for-Sale, Fair Value
Debt Maturities, without Single Maturity Date		5,106
Held-to-Maturity, Amortized Cost
Debt Maturities, without Single Maturity Date		756
Held-to-Maturity, Fair Value
Debt Maturities, without Single Maturity Date		809
Asset-backed securities
Available for Sale, Amortized Cost
Debt Maturities, without single maturity date		10,121
Available-for-Sale, Fair Value
Debt Maturities, without Single Maturity Date		10,226
Held-to-Maturity, Amortized Cost
Debt Maturities, without Single Maturity Date		0
Held-to-Maturity, Fair Value
Debt Maturities, without Single Maturity Date		$ 0
[1]	See Note 5 for details of balances associated with variable interest entities.

Investments (Fixed Maturities P

Investments (Fixed Maturities Proceeds) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fixed maturity and equity security impairments
Net writedowns for other-than-temporary impairment losses on fixed maturities recognized in earnings	$ (141)	$ (56)	$ (200)
Writedowns for impairments on equity securities	(126)	(32)	(15)
Fixed maturities, available-for-sale
Schedule of Trading Securities and Other Trading Assets [Line Items]
Proceeds from sales	27,679	28,359	37,248
Proceeds from maturities/repayments	19,559	21,040	23,573
Gross investment gains from sales, prepayments, and maturities	2,115	1,664	1,571
Gross investment losses from sales and maturities	(340)	(414)	(1,465)
Fixed maturities, held-to-maturity
Fixed maturities, held-to-maturity
Gross investment gains from prepayments	0	0	0
Proceeds from maturities/repayments	235	415	583
Equity securities, available-for-sale
Schedule of Trading Securities and Other Trading Assets [Line Items]
Proceeds from sales	4,589	4,993	4,235
Gross investment gains from sales, prepayments, and maturities	746	676	554
Gross investment losses from sales and maturities	$ (169)	$ (132)	$ (94)

Investments (Credit Losses Reco

Investments (Credit Losses Recognized In Earnings on Fixed Maturity Securities Held by the Company) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Credit losses recognized in earnings on fixed maturity securities
Balance, beginning of period	$ 781	$ 968
Credit loss impairments previously recognized on securities which matured, paid down, prepaid or were sold during the period	(243)	(230)
Credit loss impairments previously recognized on securities impaired to fair value during the period	(20)	(6)
Credit loss impairments recognized in the current period on securities not previously impaired	3	16
Additional credit loss impairments recognized in the current period on securities previously impaired	3	6
Increases due to the passage of time on previously recorded credit losses	20	42
Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected	(12)	(15)
Balance, end of period	$ 532	$ 781

Investments (Trading Account As

Investments (Trading Account Assets Supporting Insurance Liabilities) (Details) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Major Types Of Investment Securities [Line Items]
Amortized Cost		$ 20,164	$ 19,263
Fair Value	[1]	20,522	20,263
Short-term investments and cash equivalents
Major Types Of Investment Securities [Line Items]
Amortized Cost		765	196
Fair Value		765	196
Fixed maturities
Major Types Of Investment Securities [Line Items]
Amortized Cost		18,369	18,171
Fair Value		18,503	18,881
Fixed maturities | Corporate securities
Major Types Of Investment Securities [Line Items]
Amortized Cost		12,797	11,922
Fair Value		12,851	12,439
Fixed maturities | Commercial mortgage-backed securities
Major Types Of Investment Securities [Line Items]
Amortized Cost		1,860	2,505
Fair Value		1,862	2,546
Fixed maturities | Residential mortgage-backed securities
Major Types Of Investment Securities [Line Items]
Amortized Cost		1,411	1,640
Fair Value		1,428	1,676
Fixed maturities | Asset-backed securities
Major Types Of Investment Securities [Line Items]
Amortized Cost		1,295	1,180
Fair Value		1,299	1,198
Fixed maturities | Foreign government bonds
Major Types Of Investment Securities [Line Items]
Amortized Cost		680	621
Fair Value		694	650
Fixed maturities | U.S. government authorities and agencies and obligations of U.S. states
Major Types Of Investment Securities [Line Items]
Amortized Cost		326	303
Fair Value		369	372
Equity securities
Major Types Of Investment Securities [Line Items]
Amortized Cost		1,030	896
Fair Value		$ 1,254	$ 1,186
[1]	See Note 5 for details of balances associated with variable interest entities.

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investments [Abstract]
Net change in unrealized gains (losses) from trading account assets supporting insurance liabilities	$ (642,000,000)	$ 144,000,000	$ (485,000,000)
Net change in unrealized gains (losses) from other trading account assets	(366,000,000)	(108,000,000)	$ 188,000,000
Schedule Of Marketable Securities [Line Items]
Net carrying value of commercial loans held for sale	274,000,000	380,000,000
Acquired	214,000,000	0
Sold	18,000,000	25,000,000
Troubled Debt Restructuring Commitment To Borrowers	0	0
Financing Receivable, Modifications, Pre-Modification Recorded Investment	0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0
Troubled Debt Restructuring, Private Debt Commitments	22,000,000	0
Consolidated Feeder Funds Investments in Master Funds	81,000,000	82,000,000
Unaffiliated Interest in Consolidated Feeder Funds	0	0
Master Funds Gross Assets	17,508,000,000	12,666,000,000
Master Funds Gross Liabilities	16,920,000,000	11,979,000,000
Non Income Producing Assets, Fixed Maturities	343,000,000
Non Income Producing Assets, Trading Account Assets Supporting Insurance Liabilities	11,000,000
Non Income Producing Assets, Other Trading	1,000,000
Non Income Producing Assets, Other Long Term Investments	5,000,000
Non Income Producing Assets, Loans	10,000,000
Gross unrealized losses related to high or highest quality securities	3,750,000,000	1,156,000,000
Gross unrealized losses related to other than high or highest quality securities	583,000,000	200,000,000
Twelve months or more, Unrealized Losses	1,802,000,000	901,000,000
Gross unrealized losses representing declines in value of greater than 20%	19,000,000	13,000,000
Securities Continuous Unrealized Loss Position Less Than 6 Months Aggregate Losses	18,000,000	13,000,000
Financial Instruments Owned and Pledged as Collateral, Associated Liabilities	14,557,000,000	18,810,000,000
Assets Deposited With Governmental Authorities	162,000,000	168,000,000
Assets Held In Voluntary Trusts	603,000,000	606,000,000
Available-for-sale Securities, Restricted	109,000,000	164,000,000
Restricted Cash and Investments	136,000,000	143,000,000
Fair Value of Securities Received as Collateral that Can be Resold or Repledged	7,794,000,000	6,518,000,000
Scenario, Previously Reported
Schedule Of Marketable Securities [Line Items]
Financial Instruments Owned and Pledged as Collateral, Associated Liabilities		16,863,000,000
Securities Sold under Agreements to Repurchase
Schedule Of Marketable Securities [Line Items]
Financial Instruments Owned and Pledged as Collateral, Associated Liabilities	7,882,000,000	9,407,000,000
Separate Account Liabilities
Schedule Of Marketable Securities [Line Items]
Financial Instruments Owned and Pledged as Collateral, Associated Liabilities	2,178,000,000	2,935,000,000
Cash Collateral For Loaned Securities
Schedule Of Marketable Securities [Line Items]
Financial Instruments Owned and Pledged as Collateral, Associated Liabilities	3,496,000,000	4,241,000,000
Policyholders' Account Balances
Schedule Of Marketable Securities [Line Items]
Financial Instruments Owned and Pledged as Collateral, Associated Liabilities	1,001,000,000	1,947,000,000
Policyholders' Account Balances | Scenario, Previously Reported
Schedule Of Marketable Securities [Line Items]
Financial Instruments Owned and Pledged as Collateral, Associated Liabilities		0
Short-term Debt
Schedule Of Marketable Securities [Line Items]
Financial Instruments Owned and Pledged as Collateral, Associated Liabilities		280,000,000
Investments
Schedule Of Marketable Securities [Line Items]
Fair Value of Securities Received as Collateral that Can be Resold or Repledged	2,195,000,000	1,333,000,000
Cash
Schedule Of Marketable Securities [Line Items]
Fair Value of Securities Received as Collateral that Can be Resold or Repledged	$ 5,599,000,000	$ 5,185,000,000
California
Schedule Of Marketable Securities [Line Items]
Commercial mortgage loan, concentration percentage	26.00%
New York
Schedule Of Marketable Securities [Line Items]
Commercial mortgage loan, concentration percentage	9.00%
Texas
Schedule Of Marketable Securities [Line Items]
Commercial mortgage loan, concentration percentage	9.00%
Europe
Schedule Of Marketable Securities [Line Items]
Commercial mortgage loan, concentration percentage	4.00%
Asia
Schedule Of Marketable Securities [Line Items]
Commercial mortgage loan, concentration percentage	1.00%

Investments (Other Trading Acco

Investments (Other Trading Account Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Marketable Securities [Line Items]
Fair Value	$ 14,458	$ 10,874
Other
Schedule Of Marketable Securities [Line Items]
Amortized Cost	12	7
Fair Value	15	11
Fixed maturities
Schedule Of Marketable Securities [Line Items]
Amortized Cost	11,132	8,306
Fair Value	10,764	8,282
Equity securities
Schedule Of Marketable Securities [Line Items]
Amortized Cost	1,006	992
Fair Value	1,098	1,105
Short-term investments and cash equivalents
Schedule Of Marketable Securities [Line Items]
Amortized Cost	26	27
Fair Value	26	27
Subtotal
Schedule Of Marketable Securities [Line Items]
Amortized Cost	12,176	9,332
Fair Value	11,903	9,425
Derivative instruments
Schedule Of Marketable Securities [Line Items]
Fair Value	$ 2,555	$ 1,449

Investments (Concentrations of

Investments (Concentrations of Financial Instruments) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Investments in Japanese government and government agency securities:
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	$ 55,172	$ 53,997
Fair Value	63,434	61,866
Investments in Japanese government and government agency securities: | Fixed maturities, available-for-sale | Fixed Maturities
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	53,851	52,703
Fair Value	61,911	60,379
Investments in Japanese government and government agency securities: | Fixed maturities, held-to-maturity | Fixed Maturities
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	796	801
Fair Value	988	981
Investments in Japanese government and government agency securities: | Trading account assets supporting insurance liabilities
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	492	457
Fair Value	502	470
Investments in Japanese government and government agency securities: | Other trading account assets
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	33	36
Fair Value	33	36
Investments in Japanese government and government agency securities: | Short-term investments
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	0	0
Fair Value	0	0
Investments in Japanese government and government agency securities: | Cash equivalents
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	0	0
Fair Value	0	0
Investments in South Korean government and government agency securities:
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	7,235	6,976
Fair Value	9,277	8,488
Investments in South Korean government and government agency securities: | Fixed maturities, available-for-sale | Fixed Maturities
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	7,191	6,927
Fair Value	9,233	8,438
Investments in South Korean government and government agency securities: | Fixed maturities, held-to-maturity | Fixed Maturities
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	0	0
Fair Value	0	0
Investments in South Korean government and government agency securities: | Trading account assets supporting insurance liabilities
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	44	49
Fair Value	44	50
Investments in South Korean government and government agency securities: | Other trading account assets
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	0	0
Fair Value	0	0
Investments in South Korean government and government agency securities: | Short-term investments
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	0	0
Fair Value	0	0
Investments in South Korean government and government agency securities: | Cash equivalents
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Amortized Cost	0	0
Fair Value	$ 0	$ 0

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Servicing Assets at Fair Value [Line Items]
Total commercial mortgage and agricultural property loans by property type	$ 49,046	$ 44,748
Valuation allowance	(99)	(105)
Total net commercial mortgage and agricultural property loans by property type	48,947	44,643
Total other loans	1,625	1,803
Valuation allowance	(13)	(14)
Total net other loans	1,612	1,789
Commercial mortgage and other loans	$ 50,559	$ 46,432
Commercial mortgage loans, % of Total	100.00%	100.00%
Total commercial mortgage loans
Servicing Assets at Fair Value [Line Items]
Total commercial mortgage and agricultural property loans by property type	$ 46,187	$ 42,303
Commercial mortgage loans, % of Total	94.20%	94.50%
Uncollateralized loans
Servicing Assets at Fair Value [Line Items]
Total other loans	$ 1,012	$ 1,092
Residential property loans
Servicing Assets at Fair Value [Line Items]
Total other loans	301	392
Other collateralized loans
Servicing Assets at Fair Value [Line Items]
Total other loans	312	319
Office
Servicing Assets at Fair Value [Line Items]
Total commercial mortgage and agricultural property loans by property type	$ 11,226	$ 9,612
Commercial mortgage loans, % of Total	22.90%	21.50%
Retail
Servicing Assets at Fair Value [Line Items]
Total commercial mortgage and agricultural property loans by property type	$ 8,917	$ 8,765
Commercial mortgage loans, % of Total	18.20%	19.60%
Apartments/Multi-Family
Servicing Assets at Fair Value [Line Items]
Total commercial mortgage and agricultural property loans by property type	$ 12,034	$ 10,369
Commercial mortgage loans, % of Total	24.50%	23.20%
Industrial
Servicing Assets at Fair Value [Line Items]
Total commercial mortgage and agricultural property loans by property type	$ 7,775	$ 7,628
Commercial mortgage loans, % of Total	15.90%	16.90%
Hospitality
Servicing Assets at Fair Value [Line Items]
Total commercial mortgage and agricultural property loans by property type	$ 2,513	$ 2,270
Commercial mortgage loans, % of Total	5.10%	5.10%
Other
Servicing Assets at Fair Value [Line Items]
Total commercial mortgage and agricultural property loans by property type	$ 3,722	$ 3,659
Commercial mortgage loans, % of Total	7.60%	8.20%
Agricultural property loans
Servicing Assets at Fair Value [Line Items]
Total commercial mortgage and agricultural property loans by property type	$ 2,859	$ 2,445
Commercial mortgage loans, % of Total	5.80%	5.50%

Investments (Allowance for Loss

Investments (Allowance for Losses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, beginning of year	$ 119	$ 216
Addition to (release of) allowance of losses	(7)	(87)
Charge-offs, net of recoveries	0	(9)
Change in foreign exchange	0	(1)
Total ending balance	112	119
Commercial Mortgage Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, beginning of year	104	188
Addition to (release of) allowance of losses	(7)	(77)
Charge-offs, net of recoveries	0	(7)
Change in foreign exchange	0	0
Total ending balance	97	104
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, beginning of year	1	7
Addition to (release of) allowance of losses	1	(6)
Charge-offs, net of recoveries	0	0
Change in foreign exchange	0	0
Total ending balance	2	1
Residential Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, beginning of year	5	6
Addition to (release of) allowance of losses	(2)	(1)
Charge-offs, net of recoveries	0	0
Change in foreign exchange	0	0
Total ending balance	3	5
Other Collateralized Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, beginning of year	0	3
Addition to (release of) allowance of losses	0	(1)
Charge-offs, net of recoveries	0	(2)
Change in foreign exchange	0	0
Total ending balance	0	0
Uncollateralized Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, beginning of year	9	12
Addition to (release of) allowance of losses	1	(2)
Charge-offs, net of recoveries	0	0
Change in foreign exchange	0	(1)
Total ending balance	$ 10	$ 9

Investments (Allowance for Cred

Investments (Allowance for Credit Losses and Recorded Investment in Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Allowance for Credit Losses:
Individually evaluated for impairment	$ 1	$ 8
Collectively evaluated for impairment	111	111
Total ending balance	112	119
Recorded Investment:
Gross of reserves: individually evaluated for impairment	121	254
Gross of reserves: collectively evaluated for impairment	50,550	46,297
Total ending balance, gross of reserves	50,671	46,551
Loans acquired with deteriorated credit quality
Allowance for Credit Losses:
Total ending balance	0	0
Recorded Investment:
Total ending balance, gross of reserves	0	0
Commercial Mortgage Loans
Allowance for Credit Losses:
Individually evaluated for impairment	1	8
Collectively evaluated for impairment	96	96
Total ending balance	97	104
Recorded Investment:
Gross of reserves: individually evaluated for impairment	111	247
Gross of reserves: collectively evaluated for impairment	46,076	42,056
Total ending balance, gross of reserves	46,187	42,303
Commercial Mortgage Loans | Loans acquired with deteriorated credit quality
Allowance for Credit Losses:
Total ending balance	0	0
Recorded Investment:
Total ending balance, gross of reserves	0	0
Agricultural Property Loans
Allowance for Credit Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	2	1
Total ending balance	2	1
Recorded Investment:
Gross of reserves: individually evaluated for impairment	8	4
Gross of reserves: collectively evaluated for impairment	2,851	2,441
Total ending balance, gross of reserves	2,859	2,445
Agricultural Property Loans | Loans acquired with deteriorated credit quality
Allowance for Credit Losses:
Total ending balance	0	0
Recorded Investment:
Total ending balance, gross of reserves	0	0
Residential Property Loans
Allowance for Credit Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	3	5
Total ending balance	3	5
Recorded Investment:
Gross of reserves: individually evaluated for impairment	0	0
Gross of reserves: collectively evaluated for impairment	301	392
Total ending balance, gross of reserves	301	392
Residential Property Loans | Loans acquired with deteriorated credit quality
Allowance for Credit Losses:
Total ending balance	0	0
Recorded Investment:
Total ending balance, gross of reserves	0	0
Other Collateralized Loans
Allowance for Credit Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	0	0
Total ending balance	0	0
Recorded Investment:
Gross of reserves: individually evaluated for impairment	0	1
Gross of reserves: collectively evaluated for impairment	312	318
Total ending balance, gross of reserves	312	319
Other Collateralized Loans | Loans acquired with deteriorated credit quality
Allowance for Credit Losses:
Total ending balance	0	0
Recorded Investment:
Total ending balance, gross of reserves	0	0
Uncollateralized Loans
Allowance for Credit Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	10	9
Total ending balance	10	9
Recorded Investment:
Gross of reserves: individually evaluated for impairment	2	2
Gross of reserves: collectively evaluated for impairment	1,010	1,090
Total ending balance, gross of reserves	1,012	1,092
Uncollateralized Loans | Loans acquired with deteriorated credit quality
Allowance for Credit Losses:
Total ending balance	0	0
Recorded Investment:
Total ending balance, gross of reserves	$ 0	$ 0

Investments (Impaired Loans) (D

Investments (Impaired Loans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	$ 1	$ 88
Unpaid Principal Balance	2	89
Related Allowance	1	8
Average Recorded Investment Before Allowance	54	105
Interest Income Recognized	3	8
Commercial mortgage loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	1	84
Unpaid Principal Balance	1	84
Related Allowance	1	8
Average Recorded Investment Before Allowance	52	98
Interest Income Recognized	3	7
Agricultural property loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	4
Unpaid Principal Balance	0	4
Related Allowance	0	0
Average Recorded Investment Before Allowance	2	4
Interest Income Recognized	0	0
Residential property loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	0
Interest Income Recognized	0	0
Other collateralized loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	3
Interest Income Recognized	0	1
Uncollateralized loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	1	1
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	0
Interest Income Recognized	0	0
With no related allowance recorded:
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	12
Unpaid Principal Balance	1	13
Related Allowance	0	0
Average Recorded Investment Before Allowance	2	20
Interest Income Recognized	0	1
With no related allowance recorded: | Commercial mortgage loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	8
Unpaid Principal Balance	0	8
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	16
Interest Income Recognized	0	1
With no related allowance recorded: | Agricultural property loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	4
Unpaid Principal Balance	0	4
Related Allowance	0	0
Average Recorded Investment Before Allowance	2	4
Interest Income Recognized	0	0
With no related allowance recorded: | Residential property loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	0
Interest Income Recognized	0	0
With no related allowance recorded: | Other collateralized loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	0
Interest Income Recognized	0	0
With no related allowance recorded: | Uncollateralized loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	1	1
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	0
Interest Income Recognized	0	0
With an allowance recorded:
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	1	76
Unpaid Principal Balance	1	76
Related Allowance	1	8
Average Recorded Investment Before Allowance	52	85
Interest Income Recognized	3	7
With an allowance recorded: | Commercial mortgage loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	1	76
Unpaid Principal Balance	1	76
Related Allowance	1	8
Average Recorded Investment Before Allowance	52	82
Interest Income Recognized	3	6
With an allowance recorded: | Agricultural property loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	0
Interest Income Recognized	0	0
With an allowance recorded: | Residential property loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	0
Interest Income Recognized	0	0
With an allowance recorded: | Other collateralized loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	3
Interest Income Recognized	0	1
With an allowance recorded: | Uncollateralized loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	0
Interest Income Recognized	$ 0	$ 0

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	$ 50,671	$ 46,551
Debt Service Coverage Ratio, Greater than 1.2X | Loan-to-Value Ratio, 0%-59.99% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	25,978	22,557
Debt Service Coverage Ratio, Greater than 1.2X | Loan-to-Value Ratio, 0%-59.99% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	2,587	2,152
Debt Service Coverage Ratio, Greater than 1.2X | Loan-to-Value Ratio, 0%-59.99% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	28,565	24,709
Debt Service Coverage Ratio, Greater than 1.2X | Loan-to-Value Ratio, 60%-69.99% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	12,191	12,563
Debt Service Coverage Ratio, Greater than 1.2X | Loan-to-Value Ratio, 60%-69.99% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	185	151
Debt Service Coverage Ratio, Greater than 1.2X | Loan-to-Value Ratio, 60%-69.99% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	12,376	12,714
Debt Service Coverage Ratio, Greater than 1.2X | Loan-to-Value Ratio, 70%-79.99% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	5,668	4,354
Debt Service Coverage Ratio, Greater than 1.2X | Loan-to-Value Ratio, 70%-79.99% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	0
Debt Service Coverage Ratio, Greater than 1.2X | Loan-to-Value Ratio, 70%-79.99% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	5,668	4,354
Debt Service Coverage Ratio, Greater than 1.2X | Loan-to-Value Ratio, Greater than 80% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	119	234
Debt Service Coverage Ratio, Greater than 1.2X | Loan-to-Value Ratio, Greater than 80% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	0
Debt Service Coverage Ratio, Greater than 1.2X | Loan-to-Value Ratio, Greater than 80% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	119	234
Debt Service Coverage Ratio, Greater than 1.2X | Loan To Value Ratio, Total | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	43,956	39,708
Debt Service Coverage Ratio, Greater than 1.2X | Loan To Value Ratio, Total | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	2,772	2,303
Debt Service Coverage Ratio, Greater than 1.2X | Loan To Value Ratio, Total | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	46,728	42,011
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan-to-Value Ratio, 0%-59.99% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	515	637
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan-to-Value Ratio, 0%-59.99% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	84	140
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan-to-Value Ratio, 0%-59.99% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	599	777
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan-to-Value Ratio, 60%-69.99% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	395	500
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan-to-Value Ratio, 60%-69.99% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	0
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan-to-Value Ratio, 60%-69.99% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	395	500
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan-to-Value Ratio, 70%-79.99% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	500	664
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan-to-Value Ratio, 70%-79.99% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	0
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan-to-Value Ratio, 70%-79.99% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	500	664
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan-to-Value Ratio, Greater than 80% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	151	127
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan-to-Value Ratio, Greater than 80% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	0
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan-to-Value Ratio, Greater than 80% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	151	127
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan To Value Ratio, Total | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	1,561	1,928
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan To Value Ratio, Total | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	84	140
Debt Service Coverage Ratio, 1.0X to 1.2X | Loan To Value Ratio, Total | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	1,645	2,068
Debt Service Coverage Ratio, Less than 1.0X | Loan-to-Value Ratio, 0%-59.99% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	207	207
Debt Service Coverage Ratio, Less than 1.0X | Loan-to-Value Ratio, 0%-59.99% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	3	2
Debt Service Coverage Ratio, Less than 1.0X | Loan-to-Value Ratio, 0%-59.99% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	210	209
Debt Service Coverage Ratio, Less than 1.0X | Loan-to-Value Ratio, 60%-69.99% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	234	237
Debt Service Coverage Ratio, Less than 1.0X | Loan-to-Value Ratio, 60%-69.99% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	0
Debt Service Coverage Ratio, Less than 1.0X | Loan-to-Value Ratio, 60%-69.99% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	234	237
Debt Service Coverage Ratio, Less than 1.0X | Loan-to-Value Ratio, 70%-79.99% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	97	21
Debt Service Coverage Ratio, Less than 1.0X | Loan-to-Value Ratio, 70%-79.99% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	0
Debt Service Coverage Ratio, Less than 1.0X | Loan-to-Value Ratio, 70%-79.99% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	97	21
Debt Service Coverage Ratio, Less than 1.0X | Loan-to-Value Ratio, Greater than 80% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	132	202
Debt Service Coverage Ratio, Less than 1.0X | Loan-to-Value Ratio, Greater than 80% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	0
Debt Service Coverage Ratio, Less than 1.0X | Loan-to-Value Ratio, Greater than 80% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	132	202
Debt Service Coverage Ratio, Less than 1.0X | Loan To Value Ratio, Total | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	670	667
Debt Service Coverage Ratio, Less than 1.0X | Loan To Value Ratio, Total | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	3	2
Debt Service Coverage Ratio, Less than 1.0X | Loan To Value Ratio, Total | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	673	669
Debt Service Coverage Ratio, Total | Loan-to-Value Ratio, 0%-59.99% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	26,700	23,401
Debt Service Coverage Ratio, Total | Loan-to-Value Ratio, 0%-59.99% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	2,674	2,294
Debt Service Coverage Ratio, Total | Loan-to-Value Ratio, 0%-59.99% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	29,374	25,695
Debt Service Coverage Ratio, Total | Loan-to-Value Ratio, 60%-69.99% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	12,820	13,300
Debt Service Coverage Ratio, Total | Loan-to-Value Ratio, 60%-69.99% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	185	151
Debt Service Coverage Ratio, Total | Loan-to-Value Ratio, 60%-69.99% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	13,005	13,451
Debt Service Coverage Ratio, Total | Loan-to-Value Ratio, 70%-79.99% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	6,265	5,039
Debt Service Coverage Ratio, Total | Loan-to-Value Ratio, 70%-79.99% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	0
Debt Service Coverage Ratio, Total | Loan-to-Value Ratio, 70%-79.99% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	6,265	5,039
Debt Service Coverage Ratio, Total | Loan-to-Value Ratio, Greater than 80% | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	402	563
Debt Service Coverage Ratio, Total | Loan-to-Value Ratio, Greater than 80% | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	0
Debt Service Coverage Ratio, Total | Loan-to-Value Ratio, Greater than 80% | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	402	563
Debt Service Coverage Ratio, Total | Loan To Value Ratio, Total | Commercial Mortgage Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	46,187	42,303
Debt Service Coverage Ratio, Total | Loan To Value Ratio, Total | Agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	2,859	2,445
Debt Service Coverage Ratio, Total | Loan To Value Ratio, Total | Total commercial mortgage and agricultural property loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	$ 49,046	$ 44,748

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Servicing Liabilities at Fair Value [Line Items]
Current	$ 50,655	$ 46,468
Past Due	16	83
Total Commercial Mortgage and Other Loans	50,671	46,551
Non- Accrual Status	60	110
Commercial Mortgage Loans
Servicing Liabilities at Fair Value [Line Items]
Current	46,187	42,239
Past Due	0	64
Total Commercial Mortgage and Other Loans	46,187	42,303
Non- Accrual Status	53	101
Agricultural property loans
Servicing Liabilities at Fair Value [Line Items]
Current	2,856	2,443
Past Due	3	2
Total Commercial Mortgage and Other Loans	2,859	2,445
Non- Accrual Status	1	1
Residential property loans
Servicing Liabilities at Fair Value [Line Items]
Current	288	375
Past Due	13	17
Total Commercial Mortgage and Other Loans	301	392
Non- Accrual Status	6	8
Other collateralized loans
Servicing Liabilities at Fair Value [Line Items]
Current	312	319
Past Due	0	0
Total Commercial Mortgage and Other Loans	312	319
Non- Accrual Status	0	0
Uncollateralized loans
Servicing Liabilities at Fair Value [Line Items]
Current	1,012	1,092
Past Due	0	0
Total Commercial Mortgage and Other Loans	1,012	1,092
Non- Accrual Status	0	0
30-59 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	9	69
30-59 Days Past Due | Commercial Mortgage Loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	62
30-59 Days Past Due | Agricultural property loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	2	0
30-59 Days Past Due | Residential property loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	7	7
30-59 Days Past Due | Other collateralized loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
30-59 Days Past Due | Uncollateralized loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
60-89 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	3
60-89 Days Past Due | Commercial Mortgage Loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
60-89 Days Past Due | Agricultural property loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	1
60-89 Days Past Due | Residential property loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	2
60-89 Days Past Due | Other collateralized loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
60-89 Days Past Due | Uncollateralized loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Greater Than 90 Days
Servicing Liabilities at Fair Value [Line Items]
Past Due	7	11
Greater Than 90 Days - Accruing	0	0
Greater Than 90 Days | Commercial Mortgage Loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	2
Greater Than 90 Days - Accruing	0	0
Greater Than 90 Days | Agricultural property loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	1	1
Greater Than 90 Days - Accruing	0	0
Greater Than 90 Days | Residential property loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	6	8
Greater Than 90 Days - Accruing	0	0
Greater Than 90 Days | Other collateralized loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Greater Than 90 Days - Accruing	0	0
Greater Than 90 Days | Uncollateralized loans
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Greater Than 90 Days - Accruing	$ 0	$ 0

Investments (Other Long Term In

Investments (Other Long Term Investments) (Details) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Other Long Term Investments [Line Items]
Other Long Term Investments	[1]	$ 9,986	$ 10,921
Joint ventures and limited partnerships:
Other Long Term Investments [Line Items]
Other Long Term Investments		7,532	7,545
Joint ventures and limited partnerships: | Non-real estate-related
Other Long Term Investments [Line Items]
Other Long Term Investments		6,447	6,527
Joint ventures and limited partnerships: | Real estate-related
Other Long Term Investments [Line Items]
Other Long Term Investments		1,085	1,018
Real estate held through direct ownership
Other Long Term Investments [Line Items]
Other Long Term Investments		1,464	2,235
Other
Other Long Term Investments [Line Items]
Other Long Term Investments		$ 990	$ 1,141
[1]	See Note 5 for details of balances associated with variable interest entities.

Investments (Equity Method Inve

Investments (Equity Method Investments, Statement of Financial Position) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Investments [Abstract]
Total assets	$ 53,799	$ 50,602
Total liabilities	13,610	13,152
Partners’ capital	40,189	37,450
Total liabilities and partners’ capital	53,799	50,602
Total liabilities and partners’ capital included above	4,398	4,599
Equity in limited partnership interests not included above	142	42
Carrying value	$ 4,540	$ 4,641

Investments (Equity Method In79

Investments (Equity Method Investments, Statement of Operations) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule Equity Method Investments [Line Items]
Net earnings (losses)	$ 2,553	$ 3,978	$ 3,070
Equity in net earnings (losses) included above	216	522	255
Equity in net earnings (losses) of limited partnership interests not included above	32	72	77
Total equity in net earnings (losses)	248	594	332
Total revenue
Schedule Equity Method Investments [Line Items]
Net earnings (losses)	4,356	5,632	4,013
Total expenses
Schedule Equity Method Investments [Line Items]
Net earnings (losses)	$ (1,803)	$ (1,654)	$ (943)

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 15,738	$ 15,994	$ 15,312
Less: investment expenses	(909)	(738)	(583)
Net investment income	14,829	15,256	14,729
Fixed maturities, available-for-sale
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	10,347	10,558	10,541
Fixed maturities, held-to-maturity
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	202	185	125
Equity securities, available-for-sale
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	337	354	337
Trading account assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	1,205	1,074	963
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	2,255	2,103	1,985
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	619	632	611
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	56	38	40
Other long-term investments
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 717	$ 1,050	$ 710

Investments (Realized Investmen

Investments (Realized Investment Gains Losses Net) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ 4,025	$ 1,636	$ (5,206)
Fixed maturities
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	1,634	1,194	(93)
Equity securities
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	451	512	444
Commercial mortgage and other loans
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	37	110	79
Investment real estate
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	40	(5)	2
Joint ventures and limited partnerships
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(122)	(15)	34
Derivatives
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	1,970	(182)	(5,688)
Other
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ 15	$ 22	$ 16

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments by Asset Class) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule Of Marketable Securities [Line Items]
Net unrealized gains (losses) on investments	$ 28,474	$ 37,113	$ 20,604
Net unrealized losses on held to maturity securities transferred from available-for-sale	0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Schedule Of Marketable Securities [Line Items]
Net unrealized gains (losses) on investments	1,165	206	(446)
Fixed Maturities | Available-for-sale
Schedule Of Marketable Securities [Line Items]
Net unrealized gains (losses) on investments	24,673	33,625	18,029
Fixed Maturities | OTTI
Schedule Of Marketable Securities [Line Items]
Net unrealized gains (losses) on investments	234	349	110
Equity securities, available-for-sale | Available-for-sale
Schedule Of Marketable Securities [Line Items]
Net unrealized gains (losses) on investments	2,427	2,940	2,907
Other investments
Schedule Of Marketable Securities [Line Items]
Net unrealized gains (losses) on investments	$ (25)	$ (7)	$ 4

Investments (Fair Value and Los

Investments (Fair Value and Losses by Investment Category and Length of Time in a Loss Position) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months, Fair Value	$ 58,994	$ 19,166
Less than twelve months, Gross Unrealized Losses	2,531	455
Twelve months or more, Fair Value	13,906	19,666
Twelve months or more Gross Unrealized Losses	1,802	901
Total, Fair Value	72,900	38,832
Total, Gross Unrealized Losses	4,333	1,356
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months, Fair Value	3,068	2,145
Less than twelve months, Gross Unrealized Losses	19	5
Twelve months or more, Fair Value	0	10
Twelve months or more Gross Unrealized Losses	0	0
Total, Fair Value	3,068	2,155
Total, Gross Unrealized Losses	19	5
Obligations of U.S. states and their political subdivisions
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months, Fair Value	1,391	105
Less than twelve months, Gross Unrealized Losses	40	1
Twelve months or more, Fair Value	7	89
Twelve months or more Gross Unrealized Losses	1	2
Total, Fair Value	1,398	194
Total, Gross Unrealized Losses	41	3
Foreign government bonds
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months, Fair Value	1,925	839
Less than twelve months, Gross Unrealized Losses	82	26
Twelve months or more, Fair Value	411	1,052
Twelve months or more Gross Unrealized Losses	65	91
Total, Fair Value	2,336	1,891
Total, Gross Unrealized Losses	147	117
U.S. corporate public securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months, Fair Value	24,642	4,213
Less than twelve months, Gross Unrealized Losses	1,396	95
Twelve months or more, Fair Value	3,455	9,548
Twelve months or more Gross Unrealized Losses	559	441
Total, Fair Value	28,097	13,761
Total, Gross Unrealized Losses	1,955	536
U.S. corporate private securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months, Fair Value	6,996	1,866
Less than twelve months, Gross Unrealized Losses	266	55
Twelve months or more, Fair Value	802	838
Twelve months or more Gross Unrealized Losses	93	34
Total, Fair Value	7,798	2,704
Total, Gross Unrealized Losses	359	89
Foreign corporate public securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months, Fair Value	5,985	1,902
Less than twelve months, Gross Unrealized Losses	288	72
Twelve months or more, Fair Value	1,584	2,400
Twelve months or more Gross Unrealized Losses	333	143
Total, Fair Value	7,569	4,302
Total, Gross Unrealized Losses	621	215
Foreign corporate private securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months, Fair Value	6,199	3,345
Less than twelve months, Gross Unrealized Losses	340	179
Twelve months or more, Fair Value	3,917	560
Twelve months or more Gross Unrealized Losses	654	36
Total, Fair Value	10,116	3,905
Total, Gross Unrealized Losses	994	215
Commercial mortgage-backed securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months, Fair Value	3,888	1,299
Less than twelve months, Gross Unrealized Losses	63	6
Twelve months or more, Fair Value	473	1,746
Twelve months or more Gross Unrealized Losses	7	33
Total, Fair Value	4,361	3,045
Total, Gross Unrealized Losses	70	39
Asset-backed securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months, Fair Value	4,342	3,417
Less than twelve months, Gross Unrealized Losses	33	16
Twelve months or more, Fair Value	3,138	3,229
Twelve months or more Gross Unrealized Losses	88	118
Total, Fair Value	7,480	6,646
Total, Gross Unrealized Losses	121	134
Residential mortgage-backed securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months, Fair Value	558	35
Less than twelve months, Gross Unrealized Losses	4	0
Twelve months or more, Fair Value	119	194
Twelve months or more Gross Unrealized Losses	2	3
Total, Fair Value	677	229
Total, Gross Unrealized Losses	6	3
Equity securities, available-for-sale
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months, Fair Value	1,862	1,670
Less than twelve months, Gross Unrealized Losses	142	82
Twelve months or more, Fair Value	11	9
Twelve months or more Gross Unrealized Losses	1	1
Total, Fair Value	1,873	1,679
Total, Gross Unrealized Losses	143	83
Held-to-maturity
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Total, Fair Value	0	91
Total, Gross Unrealized Losses	$ 0	$ 1

Investments (Repurchase Agreeme

Investments (Repurchase Agreements and Securities Lending Transactions) (Details) $ in Millions	Dec. 31, 2015USD ($)
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	$ 7,882
Total securities lending transactions	3,496
Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	2,171
Total securities lending transactions	3,263
Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	5,458
Total securities lending transactions	233
30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	253
Total securities lending transactions	0
Greater than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	6,757
Total securities lending transactions	94
U.S. Treasury securities and obligations of U.S. government authorities and agencies | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	1,991
Total securities lending transactions	94
U.S. Treasury securities and obligations of U.S. government authorities and agencies | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	4,513
Total securities lending transactions	0
U.S. Treasury securities and obligations of U.S. government authorities and agencies | 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	253
Total securities lending transactions	0
U.S. Treasury securities and obligations of U.S. government authorities and agencies | Greater than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Obligations of U.S. states and their political subdivisions
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	4
Obligations of U.S. states and their political subdivisions | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	4
Obligations of U.S. states and their political subdivisions | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Obligations of U.S. states and their political subdivisions | 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Obligations of U.S. states and their political subdivisions | Greater than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Foreign government bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Foreign government bonds | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Foreign government bonds | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Foreign government bonds | 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Foreign government bonds | Greater than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
U.S. corporate public securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	11
Total securities lending transactions	1,487
U.S. corporate public securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	11
Total securities lending transactions	1,401
U.S. corporate public securities | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	86
U.S. corporate public securities | 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
U.S. corporate public securities | Greater than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
U.S. corporate private securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
U.S. corporate private securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
U.S. corporate private securities | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
U.S. corporate private securities | 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
U.S. corporate private securities | Greater than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Foreign corporate public securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	629
Foreign corporate public securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	579
Foreign corporate public securities | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	50
Foreign corporate public securities | 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Foreign corporate public securities | Greater than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Foreign corporate private securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Foreign corporate private securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Foreign corporate private securities | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Foreign corporate private securities | 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Foreign corporate private securities | Greater than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Asset-backed securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	241
Asset-backed securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	241
Asset-backed securities | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Asset-backed securities | 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Asset-backed securities | Greater than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Commercial mortgage-backed securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	8
Commercial mortgage-backed securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	8
Commercial mortgage-backed securities | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Commercial mortgage-backed securities | 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Commercial mortgage-backed securities | Greater than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Residential mortgage-backed securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	1,114
Total securities lending transactions	97
Residential mortgage-backed securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	169
Total securities lending transactions	0
Residential mortgage-backed securities | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	945
Total securities lending transactions	97
Residential mortgage-backed securities | 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Residential mortgage-backed securities | Greater than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Equity securities, available-for-sale
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	936
Equity securities, available-for-sale | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	936
Equity securities, available-for-sale | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Equity securities, available-for-sale | 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	0
Equity securities, available-for-sale | Greater than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total repurchase agreements	0
Total securities lending transactions	$ 0

Investments (Securities Pledged

Investments (Securities Pledged) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	$ 15,098	$ 19,333
Fixed maturities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	11,732	15,338
Trading account assets supporting insurance liabilities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	327	391
Other trading account assets
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	8	231
Separate account assets
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	2,128	2,861
Equity securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Total securities pledged	$ 903	$ 512

Variable Interest Entities (Tot

Variable Interest Entities (Total Assets of Consolidated VIEs) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Consolidated VIEs for Which the Company is the Investment Manager
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	$ 10,253	$ 7,828
Total liabilities of consolidated VIEs	9,271	6,732
Consolidated VIEs for Which the Company is the Investment Manager | Fixed maturities, available-for-sale
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	0	44
Consolidated VIEs for Which the Company is the Investment Manager | Fixed maturities, held-to-maturity
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	0	0
Consolidated VIEs for Which the Company is the Investment Manager | Trading account assets supporting insurance liabilities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	0	0
Consolidated VIEs for Which the Company is the Investment Manager | Other trading account assets
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	9,536	6,943
Consolidated VIEs for Which the Company is the Investment Manager | Commercial mortgage and other loans
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	0	13
Consolidated VIEs for Which the Company is the Investment Manager | Other long-term investments
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	0	0
Consolidated VIEs for Which the Company is the Investment Manager | Cash and cash equivalents
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	337	623
Consolidated VIEs for Which the Company is the Investment Manager | Accrued investment income
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	56	39
Consolidated VIEs for Which the Company is the Investment Manager | Other assets
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	324	166
Consolidated VIEs for Which the Company is the Investment Manager | Notes issued by consolidated VIEs
Variable Interest Entity [Line Items]
Total liabilities of consolidated VIEs	8,597	6,058
Consolidated VIEs for Which the Company is the Investment Manager | Other liabilities
Variable Interest Entity [Line Items]
Total liabilities of consolidated VIEs	674	674
Other Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	1,411	1,340
Total liabilities of consolidated VIEs	3	1
Other Consolidated VIEs | Fixed maturities, available-for-sale
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	179	104
Other Consolidated VIEs | Fixed maturities, held-to-maturity
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	760	763
Other Consolidated VIEs | Trading account assets supporting insurance liabilities
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	10	11
Other Consolidated VIEs | Other trading account assets
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	0	0
Other Consolidated VIEs | Commercial mortgage and other loans
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	300	300
Other Consolidated VIEs | Other long-term investments
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	155	159
Other Consolidated VIEs | Cash and cash equivalents
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	1	0
Other Consolidated VIEs | Accrued investment income
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	3	3
Other Consolidated VIEs | Other assets
Variable Interest Entity [Line Items]
Total assets of consolidated VIEs	3	0
Other Consolidated VIEs | Notes issued by consolidated VIEs
Variable Interest Entity [Line Items]
Total liabilities of consolidated VIEs	0	0
Other Consolidated VIEs | Other liabilities
Variable Interest Entity [Line Items]
Total liabilities of consolidated VIEs	$ 3	$ 1

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Variable Interest Entity [Line Items]
Principal Amount	$ 2,958,000,000	$ 2,705,000,000
Other long-term investments | Joint ventures and limited partnerships:
Variable Interest Entity [Line Items]
Maximum exposure to loss resulting from investment in unconsolidated VIEs	$ 7,532,000,000	7,545,000,000
Variable Interest Entity, Primary Beneficiary | Notes issued by consolidated VIEs
Variable Interest Entity [Line Items]
Debt Instrument, Term (greater than)	5 years
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Fair value of assets held within unconsolidated VIEs	$ 5,262,000,000	6,973,000,000
Fair value of liabilities held within unconsolidated VIEs	0	0
Variable Interest Entity, Not Primary Beneficiary | Other long-term investments | Fixed maturities, available-for-sale | Other trading account assets | Fixed Maturities
Variable Interest Entity [Line Items]
Maximum exposure to loss resulting from investment in unconsolidated VIEs	$ 218,000,000	$ 137,000,000

Deferred Policy Acquisition C88

Deferred Policy Acquisition Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	$ 15,971	$ 16,512	$ 14,100
Capitalization of commissions, sales and issue expenses	2,653	2,694	2,902
Amortization—Impact of assumption and experience unlocking and true-ups	280	629	328
Amortization—All other	(2,400)	(2,602)	(568)
Change in unrealized investment gains and losses	477	(697)	492
Foreign currency translation and other	(263)	(565)	(742)
Balance, end of year	$ 16,718	$ 15,971	$ 16,512

Investments in Operating Join89

Investments in Operating Joint Ventures (Investments in Operating Joint Ventures) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Total Operating Joint Ventures
Schedule of Equity Method Investments [Line Items]
Investment in operating joint ventures	$ 341	$ 325	$ 361
Dividends received from operating joint ventures	27	27	31
After-tax equity earnings of operating joint ventures	$ 15	$ 16	59
China Pacific Group
Schedule of Equity Method Investments [Line Items]
Pre-tax gain on sale of operating joint venture			$ 66

Investments in Operating Join90

Investments in Operating Joint Ventures (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Total Operating Joint Ventures
Schedule of Equity Method Investments [Line Items]
Asset management fees	$ 34	$ 33	$ 30

Value of Business Acquired (Bal

Value of Business Acquired (Balance of and Changes in VOBA) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, beginning of year	$ 2,836	$ 3,675	$ 3,248
Acquisitions	0	7	1,370
Amortization—Impact of assumption and experience unlocking and true-ups	128	(175)	59
Amortization—All other	(385)	(420)	(509)
Change in unrealized investment gains and losses	214	(89)	(55)
Interest	86	95	105
Foreign currency translation	(57)	(257)	(543)
Other	6	0	0
Balance, end of year	2,828	$ 2,836	$ 3,675
Connecticut General Life Insurance Company
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, end of year	$ 201
Weighted average remaining expected life	12 years
Interest accrual rates	6.40%	6.40%	6.40%
Prudential Annuities Holding Company
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, end of year	$ 36
Weighted average remaining expected life	5 years
Interest accrual rates	6.05%	6.10%	6.14%
Gibraltar Life
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, end of year	$ 1,332
Weighted average remaining expected life	8 years
Gibraltar Life | Minimum
Movement in Present Value of Future Insurance Profits [Roll Forward]
Interest accrual rates	1.28%	1.28%	1.28%
Gibraltar Life | Maximum
Movement in Present Value of Future Insurance Profits [Roll Forward]
Interest accrual rates	2.87%	2.87%	2.87%
Aoba Life Insurance Company Ltd
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, end of year	$ 0
Weighted average remaining expected life	6 years
Interest accrual rates	2.60%	2.60%	2.60%
Hartford
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, end of year	$ 1,250
Weighted average remaining expected life	10 years
Hartford | Minimum
Movement in Present Value of Future Insurance Profits [Roll Forward]
Interest accrual rates	3.00%	3.00%	3.00%
Hartford | Maximum
Movement in Present Value of Future Insurance Profits [Roll Forward]
Interest accrual rates	6.17%	6.17%	6.17%
Gibraltar BSN Life Berhad
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, end of year	$ 9
Weighted average remaining expected life	13 years
Gibraltar BSN Life Berhad | Minimum
Movement in Present Value of Future Insurance Profits [Roll Forward]
Interest accrual rates	4.07%	4.07%
Gibraltar BSN Life Berhad | Maximum
Movement in Present Value of Future Insurance Profits [Roll Forward]
Interest accrual rates	5.51%	5.51%

Value of Business Acquired (Est

Value of Business Acquired (Estimated Future Amortization, Net of Interest) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Present Value of Future Insurance Profits [Abstract]
2,016	$ 269
2,017	249
2,018	227
2,019	209
2,020	$ 193

Goodwill and Other Intangible93

Goodwill and Other Intangibles (Changes in the Book Value of Goodwill by Segment) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill [Roll Forward]
Gross Goodwill, Beginning of the year	$ 831	$ 839	$ 873
Accumulated Impairment Losses, Beginning of the year	0	0	0
Net Goodwill, Beginning of the year	831	839	873
Acquisitions	0	18
Other	(7)	(26)	(34)
Gross Goodwill, End of the year	824	831	839
Accumulated Impairment Losses, End of the year	0	0	0
Net Goodwill, End of the year	824	831	839
Retirement
Goodwill [Roll Forward]
Gross Goodwill, Beginning of the year	444	444	444
Accumulated Impairment Losses, Beginning of the year	0	0	0
Net Goodwill, Beginning of the year	444	444	444
Acquisitions	0	0
Other	0	0	0
Gross Goodwill, End of the year	444	444	444
Accumulated Impairment Losses, End of the year	0	0	0
Net Goodwill, End of the year	444	444	444
Asset Management
Goodwill [Roll Forward]
Gross Goodwill, Beginning of the year	235	240	238
Accumulated Impairment Losses, Beginning of the year	0	0	0
Net Goodwill, Beginning of the year	235	240	238
Acquisitions	0	0
Other	(4)	(5)	2
Gross Goodwill, End of the year	231	235	240
Accumulated Impairment Losses, End of the year	0	0	0
Net Goodwill, End of the year	231	235	240
International Insurance
Goodwill [Roll Forward]
Gross Goodwill, Beginning of the year	152	155	191
Accumulated Impairment Losses, Beginning of the year	0	0	0
Net Goodwill, Beginning of the year	152	155	191
Acquisitions	0	18
Other	(3)	(21)	(36)
Gross Goodwill, End of the year	149	152	155
Accumulated Impairment Losses, End of the year	0	0	0
Net Goodwill, End of the year	$ 149	$ 152	$ 155

Goodwill and Other Intangible94

Goodwill and Other Intangibles (Other Intangibles) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Other Intangibles [Line Items]
Not subject to amortization	$ 3	$ 3
Total	303	294
Mortgage servicing rights
Other Intangibles [Line Items]
Gross Carrying Amount	500	462
Accumulated Amortization	(302)	(265)
Net Carrying Amount	198	197
Customer relationships
Other Intangibles [Line Items]
Gross Carrying Amount	268	275
Accumulated Amortization	(196)	(191)
Net Carrying Amount	72	84
Other
Other Intangibles [Line Items]
Gross Carrying Amount	72	42
Accumulated Amortization	(42)	(32)
Net Carrying Amount	$ 30	$ 10

Goodwill and Other Intangible95

Goodwill and Other Intangibles (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Mortgage Servicing Rights Fair Value	$ 203	$ 210
Amortization expense for other intangibles	64	$ 55	$ 61
2,016	55
2,017	45
2,018	35
2,019	30
2,020	$ 25

Policyholders' Liabilities (Fut

Policyholders' Liabilities (Future Policy Benefits) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Life insurance	$ 148,100	$ 143,842
Individual and group annuities and supplementary contracts	60,493	58,699
Other contract liabilities	12,872	12,172
Subtotal future policy benefits excluding unpaid claims and claim adjustment expenses	221,465	214,713
Unpaid claims and claim adjustment expenses	2,919	3,053
Total future policy benefits	$ 224,384	$ 217,766

Policyholders' Liabilities (Nar

Policyholders' Liabilities (Narrative) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Traditional life insurance low limit guaranteed mortality and nonforfeiture interest rate used to calculate future policy benefits		2.50%
Traditional life insurance high limit guaranteed mortality and nonforfeiture interest rate used to calculate future policy benefits		7.50%
Participating Policies As Percentage Of Direct Gross Life Insurance In Force		4.00%	4.00%
Participating Policies As Percentage Of Direct Gross Life Premiums		16.00%	16.00%	14.00%
Liability for Future Policy Benefit, by Product Segment [Line Items]
Unpaid Claims And Claim Adjustment Expenses Interest Rate Lower End		3.00%
Unpaid Claims And Claim Adjustment Expenses Interest Rate High End		6.40%
Total policyholders’ account balances	[1]	$ 136,784,000,000	$ 136,150,000,000
Other Than Interest Sensitive Life Interest Rate Assumptions Low End		0.00%
Other Than Interest Sensitive Life Interest Rate Assumptions High End		12.50%
Medium-term Notes, at amortized cost		$ 2,958,000,000	2,705,000,000
Interest Sensitive Life, Interest Rate Assumptions, Low End		0.00%
Interest Sensitive Life, Interest Rate Assumptions, High End		7.50%
Percentage Of Policyholders Account Balances With Interest Crediting Rates In Excess Of 8 Percent (less than)		1.00%
Individual Non Participating Life Insurance Long Term Care And Individual Health
Liability for Future Policy Benefit, by Product Segment [Line Items]
Future Policy Benefits Interest Rate Low End		0.20%
Future Policy Benefits Interest Rate High End		9.50%
Percentage Of Reserves Based On Interest Rates In Excess Of 8 Percent (less than)		1.00%
Individual And Group Annuities And Supplementary Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Future Policy Benefits Interest Rate Low End		0.40%
Future Policy Benefits Interest Rate High End		11.30%
Percentage Of Reserves Based On Interest Rates In Excess Of 8 Percent (less than)		1.00%
Other Contract Liabilities
Liability for Future Policy Benefit, by Product Segment [Line Items]
Future Policy Benefits Interest Rate Low End		0.90%
Future Policy Benefits Interest Rate High End		7.30%
Funding agreements
Liability for Future Policy Benefit, by Product Segment [Line Items]
Total policyholders’ account balances		$ 3,997,000,000	4,691,000,000
Funding agreements | Federal Home Loan Bank of New York
Liability for Future Policy Benefit, by Product Segment [Line Items]
Total policyholders’ account balances		$ 1,001,000,000	1,947,000,000
Other Than Interest Sensitive Life Interest Rate Assumptions Low End		0.80%
Other Than Interest Sensitive Life Interest Rate Assumptions High End		1.70%
Funding agreements | Minimum | Federal Home Loan Bank of New York
Liability for Future Policy Benefit, by Product Segment [Line Items]
Debt Instrument, Term		4 years
Funding agreements | Maximum | Federal Home Loan Bank of New York
Liability for Future Policy Benefit, by Product Segment [Line Items]
Debt Instrument, Term		7 years
Funding agreements | Delaware Statutory Trust
Liability for Future Policy Benefit, by Product Segment [Line Items]
Total policyholders’ account balances		$ 2,957,000,000	$ 2,705,000,000
Debt Instrument Authorized		$ 15,000,000,000
Other Than Interest Sensitive Life Interest Rate Assumptions Low End		0.50%
Other Than Interest Sensitive Life Interest Rate Assumptions High End		2.60%
Funding agreements | Delaware Statutory Trust | Minimum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Debt Instrument, Term		2 years
Funding agreements | Delaware Statutory Trust | Maximum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Debt Instrument, Term		10 years
[1]	See Note 5 for details of balances associated with variable interest entities.

Policyholders' Liabilities (Pol

Policyholders' Liabilities (Policyholders' Account Balances) (Details) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Schedule Of Policyholder Contract Deposits [Line Items]
Total policyholders’ account balances	[1]	$ 136,784	$ 136,150
Individual annuities
Schedule Of Policyholder Contract Deposits [Line Items]
Total policyholders’ account balances		37,384	37,718
Group annuities
Schedule Of Policyholder Contract Deposits [Line Items]
Total policyholders’ account balances		27,141	27,200
Guaranteed investment contracts and guaranteed interest accounts
Schedule Of Policyholder Contract Deposits [Line Items]
Total policyholders’ account balances		14,122	14,428
Funding agreements
Schedule Of Policyholder Contract Deposits [Line Items]
Total policyholders’ account balances		3,997	4,691
Interest-sensitive life contracts
Schedule Of Policyholder Contract Deposits [Line Items]
Total policyholders’ account balances		32,502	30,406
Dividend accumulation and other
Schedule Of Policyholder Contract Deposits [Line Items]
Total policyholders’ account balances		$ 21,638	$ 21,707
[1]	See Note 5 for details of balances associated with variable interest entities.

Certain Long-Duration Contrac99

Certain Long-Duration Contracts With Guarantees (Guarantees Associated with Variable Annuity Contracts, by Guarantee Type) (Details) - Annuity Contracts - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
In the Event of Death | Return of net deposits
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 115,317	$ 118,629
Net amount at risk	$ 739	$ 403
Average attained age of contractholders	65 years	64 years
In the Event of Death | Minimum return or contract value
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 34,494	$ 37,322
Net amount at risk	$ 4,212	$ 2,856
Average attained age of contractholders	67 years	66 years
At Annuitization / Accumulation | Return of net deposits
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 142	$ 163
Net amount at risk	$ 0	$ 0
Average attained age of contractholders	64 years	63 years
At Annuitization / Accumulation | Minimum return or contract value
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 131,005	$ 134,938
Net amount at risk	$ 5,459	$ 3,135
Average attained age of contractholders	64 years	62 years
Average period remaining until earliest expected annuitization	3 months 11 days	3 months 15 days

Certain Long-Duration Contra100

Certain Long-Duration Contracts With Guarantees (Guarantees Associated with Variable Life Contracts, by Guarantee Type) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net Amount at Risk by Product and Guarantee [Line Items]
Separate account value	$ 142,832	$ 148,720
In the Event of Death | Variable Life, Variable Universal Life and Universal Life Contracts
Net Amount at Risk by Product and Guarantee [Line Items]
Separate account value	7,643	7,816
General account value	13,364	12,124
Net amount at risk	$ 211,428	$ 200,386
Average attained age of contractholders	56 years	55 years

Certain Long-Duration Contra101

Certain Long-Duration Contracts With Guarantees (Account Balances of Variable Annuity Contracts with Guarantees Invested in General and Separate Account Investment Options) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Net Amount at Risk by Product and Guarantee [Line Items]
Separate account value	$ 142,832	$ 148,720
Equity funds
Net Amount at Risk by Product and Guarantee [Line Items]
Separate account value	88,992	94,473
Bond funds
Net Amount at Risk by Product and Guarantee [Line Items]
Separate account value	46,642	45,159
Balanced funds
Net Amount at Risk by Product and Guarantee [Line Items]
Separate account value	843	753
Money market funds
Net Amount at Risk by Product and Guarantee [Line Items]
Separate account value	$ 6,355	$ 8,335

Certain Long-Duration Contra102

Certain Long-Duration Contracts With Guarantees (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Annuity Contracts | Market Value Adjusted Annuities
Net Amount at Risk by Product and Guarantee [Line Items]
Account Value	$ 8,714	$ 8,948

Certain Long-Duration Contra103

Certain Long-Duration Contracts With Guarantees (Summary of the Changes in General Account Liabilities for Guarantees on Variable Contracts) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Variable Life, Variable Universal Life and Universal Life Contracts | GMDB
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Beginning Balance	$ 2,850	$ 1,795	$ 371
Incurred guarantee benefits	517	794	97
Paid guarantee benefits and other	(22)	(18)	(4)
Other	(195)	279	1,331
Ending Balance	3,150	2,850	1,795
Annuity Contracts | GMDB
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Beginning Balance	642	461	488
Incurred guarantee benefits	167	245	35
Paid guarantee benefits and other	(85)	(68)	(75)
Other	(10)	4	13
Ending Balance	714	642	461
Annuity Contracts | GMIB
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Beginning Balance	467	397	459
Incurred guarantee benefits	1	84	10
Paid guarantee benefits and other	(16)	(15)	(23)
Other	(12)	1	(49)
Ending Balance	440	467	397
Annuity Contracts | GMAB/GMWB/GMIWB
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Beginning Balance	8,182	441	3,348
Incurred guarantee benefits	252	7,741	(2,904)
Paid guarantee benefits and other	0	0	0
Other	(1)	0	(3)
Ending Balance	$ 8,433	$ 8,182	$ 441

Certain Long-Duration Contra104

Certain Long-Duration Contracts With Guarantees (Changes in Deferred Sales Inducements, Reported as "Interest credited to policyholders' account balances") (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Movement in Deferred Sales Inducements [Roll Forward]
Beginning Balance	$ 1,514	$ 1,813	$ 1,357
Capitalization	8	22	53
Amortization—Impact of assumption and experience unlocking and true-ups	43	81	27
Amortization—All other	(392)	(403)	340
Change in unrealized investment gains and losses	16	1	36
Ending Balance	$ 1,189	$ 1,514	$ 1,813

Closed Block (Narrative) (Detai

Closed Block (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Closed Block [Line Items]
Policyholders’ dividend obligation	$ 4,509	$ 6,612	$ 4,511
Dividends to policyholders	2,130	2,635	1,910
Dividend Declared
Closed Block [Line Items]
Dividends to policyholders	58	60	$ 33
Excess Of Actual Cumulative Earnings Over Expected Cumulative Earnings
Closed Block [Line Items]
Policyholders’ dividend obligation	1,694	1,558
Accumulated Net Unrealized Investment Gains That Have Arisen Subsequent To Establishment Of Closed Block
Closed Block [Line Items]
Policyholders’ dividend obligation	$ 2,815	$ 5,053

Closed Block (Closed Block Liab

Closed Block (Closed Block Liabilities and Assets Designated to Closed Block; Maximum Future Earnings to be Recognized) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Closed Block liabilities
Future policy benefits	$ 49,538	$ 49,863
Policyholders’ dividends payable	945	931
Policyholders’ dividend obligation	4,509	6,612	$ 4,511
Policyholders’ account balances	5,250	5,310
Other Closed Block liabilities	4,171	5,084
Total Closed Block liabilities	64,413	67,800
Closed Block assets
Fixed maturities, available-for-sale, at fair value	37,584	40,629
Other trading account assets, at fair value	288	302
Equity securities, available-for-sale, at fair value	2,726	3,522
Commercial mortgage and other loans	9,770	9,472
Policy loans	4,790	4,914
Other long-term investments	2,921	2,765
Short-term investments	1,467	1,225
Total investments	59,546	62,829
Cash and cash equivalents	1,036	1,201
Accrued investment income	506	527
Other Closed Block assets	458	332
Total Closed Block assets	61,546	64,889
Excess of reported Closed Block liabilities over Closed Block assets	2,867	2,911
Portion of above representing accumulated other comprehensive income:
Net unrealized investment gains (losses)	2,800	5,040
Allocated to policyholder dividend obligation	(2,815)	(5,053)
Future earnings to be recognized from Closed Block assets and Closed Block liabilities	$ 2,852	$ 2,898

Closed Block (Information Regar

Closed Block (Information Regarding Policyholder Dividend Obligation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Movement in Closed Block Dividend Obligation [Roll Forward]
Balance, January 1	$ 6,612	$ 4,511
Impact from earnings allocable to policyholder dividend obligation	137	672
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation	(2,240)	1,429
Balance, December 31	$ 4,509	$ 6,612

Closed Block (Closed Block Reve

Closed Block (Closed Block Revenues and Benefits and Expenses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Premiums	$ 2,668	$ 2,704	$ 2,728
Net investment income	2,709	2,809	2,796
Realized investment gains (losses), net	834	1,164	230
Other income (loss)	23	34	57
Total Closed Block revenues	6,234	6,711	5,811
Benefits and Expenses
Policyholders’ benefits	3,366	3,326	3,334
Interest credited to policyholders’ account balances	135	136	136
Dividends to policyholders	2,130	2,635	1,910
General and administrative expenses	423	444	467
Total Closed Block benefits and expenses	6,054	6,541	5,847
Closed Block revenues, net of Closed Block benefits and expenses, before income taxes and discontinued operations	180	170	(36)
Income tax expense (benefit)	136	139	(57)
Closed Block revenues, net of Closed Block benefits and expenses and income taxes, before discontinued operations	44	31	21
Income (loss) from discontinued operations, net of taxes	0	1	0
Closed Block revenues, net of Closed Block benefits and expenses, income taxes and discontinued operations	$ 44	$ 32	$ 21

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details) policy in Millions	Apr. 01, 2015USD ($)	Jan. 02, 2013USD ($)policy	Dec. 31, 2015company	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Reinsurance Disclosures [Abstract]
Reinsurance Retention Policy, Reinsured Risk, Percentage	50.00%
Reinsurance Retention Policy, Maximum Purchase Payments	$ 5,000,000,000
Business Acquisition Number of Life Insurance Policies Acquired Reinsurance | policy		0.7
Business Acquisition Contracts In Force Acquired Through Reinsurance Net Retained Face Amount		$ 141,000,000,000
United Kingdom Longevity Reinsurance				$ 27,000,000,000
Retention Limits For Reinsurance (up to)					$ 20,000,000	$ 30,000,000
Closed Block Reinsurance Percentage				73.00%
Number Of Major Reinsurance Companies | company			4
Percentage Of Reinsurance Recoverable From Major Reinsurance Companies			60.00%

Reinsurance (Reinsurance Info)

Reinsurance (Reinsurance Info) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reinsurance Disclosures [Abstract]
Direct premiums	$ 27,996	$ 29,666	$ 27,444
Reinsurance assumed	2,147	1,134	272
Reinsurance ceded	(1,622)	(1,507)	(1,479)
Premiums	28,521	29,293	26,237
Direct policy charges and fees	5,127	5,026	4,648
Reinsurance assumed	1,179	1,425	918
Reinsurance ceded	(334)	(272)	(151)
Policy charges and fees	5,972	6,179	5,415
Direct policyholder benefits	29,242	31,012	27,458
Reinsurance assumed	3,107	2,732	809
Reinsurance ceded	(1,722)	(2,157)	(1,534)
Policyholders’ benefits	$ 30,627	$ 31,587	$ 26,733

Reinsurance (Reinsurance Recove

Reinsurance (Reinsurance Recoverable) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Total reinsurance recoverable	$ 3,704	$ 3,110
Reinsurance Recoverable Related To Acquired Retirement Business	650	105
Reinsurance Recoverable Related To Acquired Hartford Business	2,118	2,130
Reinsurance Payable Related To Acquired Hartford Business	1,305	1,300
Individual and group annuities
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Total reinsurance recoverable	659	109
Individual and group annuities | Union Hamilton Reinsurance, Ltd.
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Total reinsurance recoverable	7
Life insurance
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Total reinsurance recoverable	2,885	2,842
Other reinsurance
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Total reinsurance recoverable	$ 160	$ 159

Short-Term and Long-Term Deb112

Short-Term and Long-Term Debt (Short-Term Debt) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Short Term Debt [Line Items]
Short-term debt	$ 1,216	$ 3,839
Portion of commercial paper borrowings due overnight	331	199
Daily average commercial paper outstanding	$ 1,127	$ 1,409
Weighted average maturity of outstanding commercial paper, in days	10 days	22 days
Weighted average interest rate on outstanding short-term debt	0.16%	0.12%
Federal Home Loan Bank of New York
Short Term Debt [Line Items]
Collateralized borrowings from Federal Home Loan Bank of New York		$ 280
Prudential Financial
Short Term Debt [Line Items]
Short-term debt	$ 831	2,319
Commercial paper:
Short Term Debt [Line Items]
Short-term debt	464	483
Commercial paper: | Prudential Financial
Short Term Debt [Line Items]
Short-term debt	$ 80	$ 97
Weighted average interest rate on outstanding short-term debt	0.40%	0.28%
Commercial paper: | Prudential Funding, LLC
Short Term Debt [Line Items]
Short-term debt	$ 384	$ 386
Current portion of long-term debt
Short Term Debt [Line Items]
Short-term debt	752	3,356
Current portion of long-term debt | Prudential Financial
Short Term Debt [Line Items]
Short-term debt	$ 751	$ 2,222

Short-Term and Long-Term Deb113

Short-Term and Long-Term Debt (Narrative) (Details)

Apr. 13, 2015USD ($)

Feb. 18, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)

Nov. 30, 2013USD ($)

Sep. 30, 2009USD ($)$ / shares

Dec. 31, 2014USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)

Dec. 31, 2013USD ($)

Mar. 30, 2012USD ($)

Debt Instrument [Line Items]

Other Long Term Investments

[1]

$ 10,921,000,000

$ 10,921,000,000

$ 9,986,000,000

$ 10,921,000,000

Assets Under Set Off Arrangements (up to)

3,973,000,000

3,973,000,000

4,889,000,000

3,973,000,000

Debt Maturities

4,957,000,000

7,384,000,000

$ 3,939,000,000

Asset-Backed Notes

Debt Instrument [Line Items]

Repayments of Senior Debt

50,000,000

Maturities of Senior Debt

700,000,000

Limited Recourse Note

Debt Instrument [Line Items]

Issued amount

500,000,000

$ 500,000,000

500,000,000

Junior Subordinated Institutional Notes June 2008

Debt Instrument [Line Items]

Issued amount

$ 600,000,000

Interest rate percent

8.88%

Senior Notes

Debt Instrument [Line Items]

Interest rate percent

5.90%

Minimum | Junior subordinated notes

Debt Instrument [Line Items]

Debt Instrument, Deferral Period

5 years

Maximum | Junior subordinated notes

Debt Instrument [Line Items]

Debt Instrument, Deferral Period

10 years

Line of Credit and Other Credit Facilities

Debt Instrument [Line Items]

Minimum statutory consolidated net worth

$ 18,985,000,000

Credit Facility One

Debt Instrument [Line Items]

Capacity

$ 2,000,000,000

Original Term

5 years

Credit Facility Two

Debt Instrument [Line Items]

Capacity

$ 1,750,000,000

Original Term

3 years

Put Option

Debt Instrument [Line Items]

Term of contract

10 years

Put Option Premium

1.777%

Derivative, Time To Cure

30 days

Minimum Equity Less AOCI For Automatic Exercise

$ 7,000,000,000

Private Placement

Debt Instrument [Line Items]

Outstanding amount of notes

750,000,000

Issued amount

$ 1,000,000,000

Interest rate percent

2.997%

Surplus notes

Debt Instrument [Line Items]

Outstanding amount of notes

841,000,000

Exhangeable Surplus Notes

Debt Instrument [Line Items]

Outstanding amount of notes

$ 500,000,000

Interest rate percent

5.36%

Initial number of shares of common stock per each $1,000 principal amount of surplus notes

10.1235

Surplus Notes, Principle Amount

$ 1,000

Initial exchange price per share of Common Stock (in dollars per share) | $ / shares

$ 98.78

Maximum consideration percentage

10.00%

Exhangeable Surplus Notes | Maximum

Debt Instrument [Line Items]

Prescribed cash reduction value (in dollars per share) | $ / shares

$ 102.62

Senior Notes

Debt Instrument [Line Items]

Debt Instrument, Repurchase Amount

600,000,000

Medium Term Note

Debt Instrument [Line Items]

Outstanding amount of notes

10,900,000,000

Debt Instrument Authorized (up to)

20,000,000,000

Increase (decrease) in outstanding debt

(2,100,000,000)

Maturities of Senior Debt

2,100,000,000

Retail Medium Term Note

Debt Instrument [Line Items]

Outstanding amount of notes

477,000,000

Issued amount

179,000,000

Debt Instrument Authorized (up to)

5,000,000,000

Increase (decrease) in outstanding debt

102,000,000

Debt Maturities

77,000,000

Asset-backed securities

Debt Instrument [Line Items]

Debt Instrument, Extension Term

3 years

Assets Under Set Off Arrangements (up to)

500,000,000

$ 500,000,000

500,000,000

CashDividendsPaidtoPrudentialInsurance

500,000,000

500,000,000

500,000,000

Derivative Financial Instruments, Liabilities

Debt Instrument [Line Items]

Increase (Decrease) In Interest Expense

7,000,000

22,000,000

23,000,000

Current And Long Term Debt

Debt Instrument [Line Items]

Interest Expense, Debt

1,328,000,000

1,934,000,000

1,419,000,000

Net Investment Income

Debt Instrument [Line Items]

Interest Expense, Debt

$ 11,000,000

11,000,000

6,000,000

Federal Home Loan Bank of New York

Debt Instrument [Line Items]

Purchase requirement of FHLBNY activity based stock in percent of the outstanding borrowings

4.50%

Other Long Term Investments

151,000,000

151,000,000

$ 98,000,000

151,000,000

Maximum amount of qualifying assets, percentage collateral to the FHLBNY, prior year-end statutory net admitted assets exclusive of separate account assets

5.00%

Maximum amount of pledged asset

$ 8,900,000,000

Estimated maximum borrowing capacity, after taking into account applicable required collateralization levels and required purchases of activity based stock

7,400,000,000

Pledged qualifying assets with a fair value

1,400,000,000

Advances outstanding short term

$ 280,000,000

280,000,000

280,000,000

Collateralized agreements

1,000,000,000

Assets not pledged fair value

4,500,000,000

Outstanding amount of notes

0

Federal Home Loan Bank of Boston

Debt Instrument [Line Items]

Estimated maximum borrowing capacity, after taking into account applicable required collateralization levels and required purchases of activity based stock

210,000,000

Outstanding amount of notes

$ 0

Minimum purchase requirement of activity based stock in percent of the outstanding borrowings

3.00%

Maximum purchase requirement of activity based stock in percent of the outstanding borrowings

4.50%

Prudential Financial

Debt Instrument [Line Items]

Commercial paper authorized capacity

$ 3,000,000,000

Debt Maturities

2,404,000,000

1,659,000,000

3,257,000,000

Increase (Decrease) In Interest Expense

3,000,000

2,000,000

2,000,000

Prudential Funding, LLC

Debt Instrument [Line Items]

Commercial paper authorized capacity

7,000,000,000

Prudential Financial and Prudential Funding

Debt Instrument [Line Items]

Proceeds from Lines of Credit

0

Capacity

$ 4,000,000,000

Original Term

5 years

Other Subsidiaries

Debt Instrument [Line Items]

Capacity

$ 581,000,000

Other Subsidiaries | Senior Notes

Debt Instrument [Line Items]

Debt Instrument, Term

20 years

Senior Notes Issued

$ 1,700,000,000

Real Estate Separate Account | Line of Credit and Other Credit Facilities

Debt Instrument [Line Items]

Proceeds from Lines of Credit

343,000,000

Capacity

510,000,000

Trust | Private Placement

Debt Instrument [Line Items]

Issued amount

$ 1,500,000,000

Interest rate percent

4.419%

Captive Reinsurance Subsidiary

Debt Instrument [Line Items]

Debt Instrument, Term

20 years

Assets Under Set Off Arrangements (up to)

1,000,000,000

1,000,000,000

1,000,000,000

Captive Reinsurance Subsidiary | Surplus notes subject to set-off arrangements | Regulation XXX

Debt Instrument [Line Items]

Outstanding amount of notes

1,750,000,000

Debt Instrument Authorized (up to)

$ 2,000,000,000

$ 2,000,000,000

$ 2,000,000,000

Debt Instrument, Term

10 years

Captive Reinsurance Subsidiary | Surplus notes subject to set-off arrangements | Guideline AXXX

Debt Instrument [Line Items]

Outstanding amount of notes

2,100,000,000

Debt Instrument Authorized (up to)

3,500,000,000

Future Debt Instrument Authorized (up to)

4,500,000,000

Captive Reinsurance Subsidiary | Floating Rate Debt Surplus Notes Subject To Set Off Arrangement | Regulation XXX

Debt Instrument [Line Items]

Outstanding amount of notes

1,050,000,000

Debt Instrument Authorized (up to)

$ 1,750,000,000

1,750,000,000

1,750,000,000

Debt Instrument, Term

10 years

Debt Instrument, Extension Term

5 years

Captive Reinsurance Subsidiary | Affiliated Surplus Note Subject to Set Off Arrangement | Regulation XXX

Debt Instrument [Line Items]

Debt Instrument Authorized (up to)

$ 3,000,000,000

3,000,000,000

3,000,000,000

Captive Reinsurance Subsidiary | Surplus notes

Debt Instrument [Line Items]

Debt Instrument Authorized (up to)

$ 3,000,000,000

$ 3,000,000,000

$ 3,000,000,000

Captive Reinsurance Subsidiary | Surplus notes | Guideline AXXX

Debt Instrument [Line Items]

Outstanding amount of notes

500,000,000

Prudential Legacy Insurance Company

Debt Instrument [Line Items]

Debt Instrument, Term

20 years

Future Debt Instrument Authorized (up to)

$ 4,000,000,000

Real Estate subsidiaries | Mortgage Debt

Debt Instrument [Line Items]

Outstanding amount of notes

564,000,000

Issued amount

149,000,000

Increase (decrease) in outstanding debt

62,000,000

Prepayments of Debt and Exchange Adjustments

72,000,000

Debt Instrument, Translation Adjustment

$ 15,000,000

[1]

See Note 5 for details of balances associated with variable interest entities.

Short-Term and Long-Term Deb114

Short-Term and Long-Term Debt (Credit Facilities) (Details) - Prudential Financial and Prudential Funding	12 Months Ended
	Dec. 31, 2015USD ($)
CreditFacility [Line Items]
Original Term	5 years
Capacity	$ 4,000,000,000
Amount Outstanding	$ 0

Short-Term and Long-Term Deb115

Short-Term and Long-Term Debt (Long-Term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Subtotal	$ 24,616	$ 24,616	$ 23,804
Less: assets under set-off arrangements	4,889	4,889	3,973
Long-term debt	19,727	19,727	19,831
Prudential Financial
Debt Instrument [Line Items]
Long-term debt	16,487	$ 16,487	16,061
Assets Under Set-Off Arrangements
Debt Instrument [Line Items]
Assets, Fair Value Decrease Adjustment	11
Surplus notes
Debt Instrument [Line Items]
Minimum Interest Rate		5.36%
Maximum Interest Rate		8.30%
Subtotal	841	$ 841	841
Surplus notes subject to set-off arrangements
Debt Instrument [Line Items]
Minimum Interest Rate		3.52%
Maximum Interest Rate		5.26%
Subtotal	3,850	$ 3,850	3,588
Senior notes
Debt Instrument [Line Items]
Minimum Interest Rate		2.30%
Maximum Interest Rate		11.31%
Subtotal	10,267	$ 10,267	10,842
Mortgage debt
Debt Instrument [Line Items]
Minimum Interest Rate		1.72%
Maximum Interest Rate		3.74%
Subtotal	134	$ 134	142
Surplus notes
Debt Instrument [Line Items]
Minimum Interest Rate		1.32%
Maximum Interest Rate		1.58%
Subtotal	500	$ 500	500
Surplus notes subject to set-off arrangements
Debt Instrument [Line Items]
Minimum Interest Rate		1.65%
Maximum Interest Rate		1.73%
Subtotal	1,050	$ 1,050	385
U.S. dollar-denominated senior notes
Debt Instrument [Line Items]
Minimum Interest Rate		0.74%
Maximum Interest Rate		4.41%
Subtotal	1,609	$ 1,609	2,209
Foreign currency denominated senior notes
Debt Instrument [Line Items]
Minimum Interest Rate		1.24%
Maximum Interest Rate		1.33%
Subtotal	51	$ 51	53
Mortgage debt
Debt Instrument [Line Items]
Minimum Interest Rate		0.65%
Maximum Interest Rate		3.11%
Subtotal	430	$ 430	360
Junior subordinated notes
Debt Instrument [Line Items]
Minimum Interest Rate		5.20%
Maximum Interest Rate		8.88%
Subtotal	5,884	$ 5,884	4,884
Fixed Rate Foreign Currency Mortgage Debt
Debt Instrument [Line Items]
Long-term debt	38	38	71
Floating Rate Foreign Currency Mortgage Debt
Debt Instrument [Line Items]
Long-term debt	$ 212	$ 212	142
Foreign Currency Fixed Rate Mortgage Debt
Debt Instrument [Line Items]
Subtotal			$ 31

Short-Term and Long-Term Deb116

Short-Term and Long-Term Debt (Contractual Maturities for Long-Term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
2,017	$ 1,544
2,018	1,430
2,019	1,689
2,020	1,246
2021 and thereafter	13,818
Long-term debt	$ 19,727	$ 19,831

Short-Term and Long-Term Deb117

Short-Term and Long-Term Debt (Schedule of Junior Subordinated Notes) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Junior Subordinated Institutional Notes June 2008
Debt Instrument [Line Items]
Principal Amount	$ 600,000,000
Interest Rate	8.88%
Interest Rate Subsequent to Optional Redemption Date	5.00%
Junior Subordinated Institutional Notes August 2012
Debt Instrument [Line Items]
Principal Amount	$ 1,000,000,000
Interest Rate	5.88%
Interest Rate Subsequent to Optional Redemption Date	4.18%
Junior Subordinated Institutional Notes November 2012
Debt Instrument [Line Items]
Principal Amount	$ 1,500,000,000
Interest Rate	5.63%
Interest Rate Subsequent to Optional Redemption Date	3.92%
Junior Subordinated Retail Notes December 2012
Debt Instrument [Line Items]
Principal Amount	$ 575,000,000
Interest Rate	5.75%
Junior Subordinated Retail Notes March 2013
Debt Instrument [Line Items]
Principal Amount	$ 710,000,000
Interest Rate	5.70%
Junior Subordinated Institutional Notes March 2013
Debt Instrument [Line Items]
Principal Amount	$ 500,000,000
Interest Rate	5.20%
Interest Rate Subsequent to Optional Redemption Date	3.04%
Junior Subordinated Institutional Notes May 2015
Debt Instrument [Line Items]
Principal Amount	$ 1,000,000,000
Interest Rate	5.38%
Interest Rate Subsequent to Optional Redemption Date	3.03%

Equity (Narrative) (Details)

Equity (Narrative) (Details) $ / shares in Units, ¥ in Billions	Jan. 02, 2015USD ($)shares	Jan. 02, 2015USD ($)shares	Dec. 01, 2014USD ($)shares	Dec. 18, 2001$ / sharesshares	Dec. 31, 2015USD ($)shares	Jun. 30, 2015USD ($)shares	Jun. 30, 2014USD ($)shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2015JPY (¥)	Jun. 30, 2015USD ($)shares	Dec. 31, 2014USD ($)shares	Jun. 30, 2014USD ($)shares	Dec. 31, 2013USD ($)shares	Jun. 30, 2013USD ($)
Class of Stock [Line Items]
Cost of Treasury Stock Acquired								$ 1,013,000,000			$ 1,000,000,000		$ 738,000,000
Class B Stock Held In Treasury, at cost					$ 0			0			651,000,000
Retained Earnings (Accumulated Deficit)					$ 18,931,000,000			$ 18,931,000,000			$ 14,888,000,000
Preferred Stock, Shares Outstanding | shares					0			0			0		0
Prudential Financial
Class of Stock [Line Items]
Cost of Treasury Stock Acquired								$ 1,664,000,000			$ 999,000,000		$ 738,000,000
Class B Stock Held In Treasury, at cost	$ 651,000,000	$ 651,000,000
Retained Earnings (Accumulated Deficit)					$ 18,931,000,000			18,931,000,000			14,888,000,000
Cash and ST Investments, excluding ELA					5,062,000,000			5,062,000,000
Prudential Insurance
Class of Stock [Line Items]
Unassigned Surplus					9,781,000,000			9,781,000,000
Cumulative Unrealized Investment Gains					$ 1,399,000,000			$ 1,399,000,000
Percentage of Statutory Surplus					10.00%			10.00%
Statutory Surplus Balance					$ 11,543,000,000			$ 11,543,000,000
Statutory Net Gains From Operations					2,555,000,000			2,555,000,000
Dividend permitted to be paid without prior approval					2,555,000,000			2,555,000,000
Dividend permitted to be paid without prior approval, deadline one					605,000,000			605,000,000
Dividend permitted to be paid without prior approval, deadline two					1,950,000,000			1,950,000,000
Statutory Net Income								5,253,000,000			901,000,000		1,358,000,000
Statutory Capital and Surplus					$ 11,543,000,000			$ 11,543,000,000			10,331,000,000
RBC or solvency margin ratio multiple					4			4
Prudential Annuities Life Assurance Corporation
Class of Stock [Line Items]
Dividend permitted to be paid with prior approval					$ 48,000,000			$ 48,000,000
Statutory Net Income								340,000,000			393,000,000		406,000,000
Statutory Capital and Surplus					$ 482,000,000			$ 482,000,000			606,000,000
RBC or solvency margin ratio multiple					4			4
POJ
Class of Stock [Line Items]
Japan Permitted Percentage of Statutory Earnings w/o approval					83.00%			83.00%
Japan-Retained Earnings Level- Permitted Percentage of Prior Year Statutory Earnings					100.00%			100.00%
Proceeds from Dividends Received								$ 86,000,000	¥ 10.3
RBC or solvency margin ratio multiple					3.50			3.50
Gibraltar Life
Class of Stock [Line Items]
Japan Permitted Percentage of Statutory Earnings w/o approval					83.00%			83.00%
Proceeds from Dividends Received								$ 137,000,000	¥ 16.5
RBC or solvency margin ratio multiple					3.50			3.50
Under June 2013 Board Of Directors Authorization
Class of Stock [Line Items]
Number of Treasury Stock Shares Acquired | shares							5,900,000					12,000,000
Amount of Stock Repurchases Authorized by the Board of Directors														$ 1,000,000,000
Cost of Treasury Stock Acquired							$ 500,000,000					$ 1,000,000,000
Under June 2014 Board Of Directors Authorization
Class of Stock [Line Items]
Number of Treasury Stock Shares Acquired | shares						6,000,000				11,700,000
Amount of Stock Repurchases Authorized by the Board of Directors							$ 1,000,000,000					$ 1,000,000,000
Cost of Treasury Stock Acquired						$ 500,000,000				$ 1,000,000,000
Under June 2015 Board Of Directors Authorization
Class of Stock [Line Items]
Number of Treasury Stock Shares Acquired | shares					6,100,000
Amount of Stock Repurchases Authorized by the Board of Directors						$ 1,000,000,000				$ 1,000,000,000
Cost of Treasury Stock Acquired					$ 500,000,000
Under December 2015 Board Of Directors Authorization
Class of Stock [Line Items]
Amount of Stock Repurchases Authorized by the Board of Directors					1,500,000,000			$ 1,500,000,000
Common Stock | IPO
Class of Stock [Line Items]
Price Per Share (in dollars per share) | $ / shares				$ 27.50
Common Class B Stock
Class of Stock [Line Items]
Number of Treasury Stock Shares Acquired | shares	2,000,000	2,000,000	2,000,000
Cost of Treasury Stock Acquired								651,000,000			0		$ 0
Common Stock, shares outstanding | shares													2,000,000
Common Class B Stock | Private Placement
Class of Stock [Line Items]
Price Per Share (in dollars per share) | $ / shares				$ 87.50
Number of Common Stock Shares Issued | shares				2,000,000
Class B Stock Held in Treasury
Class of Stock [Line Items]
Class B Stock Held In Treasury, at cost			$ 650,800,000
Retained Earnings (Accumulated Deficit)	$ (483,800,000)	$ (483,800,000)
Decrease in Additional Paid In Capital	$ 167,000,000	$ 167,000,000
Class B Stock Held in Treasury | Prudential Financial
Class of Stock [Line Items]
Number of Treasury Stock Shares Acquired | shares		2,000,000
Class B Stock Held In Treasury, at cost					$ 0			$ 0			$ 651,000,000

Equity (Common Stock Changes in

Equity (Common Stock Changes in Number of Shares Issued, Held in Treasury and Outstanding) (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Issued
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	660.1	660.1	660.1
Common Stock issued	0	0	0
Common Stock acquired	0	0	0
Stock-based compensation programs	0	0	0
Ending Balance	660.1	660.1	660.1
Held In Treasury
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	205.3	199	197.1
Common Stock issued	0	0	0
Common Stock acquired	12.1	11.6	10
Stock-based compensation programs	(4.4)	(5.3)	(8.1)
Ending Balance	213	205.3	199
Outstanding
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	454.8	461.1	463
Common Stock issued	0	0	0
Common Stock acquired	(12.1)	(11.6)	(10)
Stock-based compensation programs	4.4	5.3	8.1
Ending Balance	447.1	454.8	461.1

Equity (Balance of and Changes

Equity (Balance of and Changes in Each Component of "AOCI Attributable to Prudential Financial, Inc.") (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 16,050
Income tax benefit (expense)	2,213	$ (4,249)	$ 582
Ending Balance	12,285	16,050
Accumulated Net Unrealized Investment Gain (Loss), Cash Flow Hedges	1,165	206	(446)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(975)	(113)	928
Change in OCI before reclassifications	(245)	(1,066)	(1,465)
Amounts reclassified from AOCI	17	(3)	4
Income tax benefit (expense)	116	207	420
Ending Balance	(1,087)	(975)	(113)
Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	19,251	10,344	11,402
Change in OCI before reclassifications	(3,161)	15,490	(1,239)
Amounts reclassified from AOCI	(2,325)	(1,760)	(289)
Income tax benefit (expense)	2,008	(4,823)	470
Ending Balance	15,773	19,251	10,344
Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(2,226)	(1,550)	(2,116)
Change in OCI before reclassifications	(457)	(1,134)	749
Amounts reclassified from AOCI	193	91	125
Income tax benefit (expense)	89	367	(308)
Ending Balance	(2,401)	(2,226)	(1,550)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	16,050	8,681	10,214
Change in OCI before reclassifications	(3,863)	13,290	(1,955)
Amounts reclassified from AOCI	(2,115)	(1,672)	(160)
Income tax benefit (expense)	2,213	(4,249)	582
Ending Balance	$ 12,285	$ 16,050	$ 8,681

Equity (Reclassifications out o

Equity (Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	$ 4,025	$ 1,636	$ (5,206)
Other income (loss)	0	(1,978)	(3,199)
Foreign Currency Translation Adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	17	(3)	4
Net Unrealized Investment Gains (Losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(2,325)	(1,760)	(289)
Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(2,115)	(1,672)	(160)
Reclassification Out Of Accumulated Other Comprehensive Income
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(193)	(91)	(125)
Amortization of defined benefit items:
Prior service cost	13	20	22
Actuarial gain (loss)	(206)	(111)	(147)
Reclassification Out Of Accumulated Other Comprehensive Income | Cash flow hedges—Interest Rate
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	(7)	(60)	(24)
Reclassification Out Of Accumulated Other Comprehensive Income | Cash flow hedges—Currency/Interest rate
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	247	114	(104)
Reclassification Out Of Accumulated Other Comprehensive Income | Net unrealized investment gains (losses) on available-for-sale securities
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	2,085	1,706	351
Reclassification Out Of Accumulated Other Comprehensive Income | Net unrealized investment gains (losses)—all other
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	0	0	66
Reclassification Out Of Accumulated Other Comprehensive Income | Foreign Currency Translation Adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(17)	3	(4)
Realized investment gains (losses), net	(8)	3	0
Other income (loss)	(9)	0	(4)
Reclassification Out Of Accumulated Other Comprehensive Income | Net Unrealized Investment Gains (Losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	2,325	1,760	289
Reclassification Out Of Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	$ 2,115	$ 1,672	$ 160

Equity (Net Unrealized Investme

Equity (Net Unrealized Investment Gains and Losses on Fixed Maturity Securities on which an OTTI loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 16,050
Ending Balance	12,285	$ 16,050
OTTI | Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	204	113	$ (31)
Net investment gains (losses) on investments arising during the period	(2)	127	157
Reclassification adjustment for (gains) losses included in net income	(62)	31	45
Reclassification adjustment for OTTI losses excluded from net income	(10)	(3)	(5)
Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA	8	(1)	(5)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	7	(1)	1
Impact of net unrealized investment (gains) losses on policyholders’ dividends	1	(62)	(49)
Ending Balance	146	204	113
OTTI | Net Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	349	110	(194)
Net investment gains (losses) on investments arising during the period	(3)	196	242
Reclassification adjustment for (gains) losses included in net income	(97)	47	70
Reclassification adjustment for OTTI losses excluded from net income	(15)	(4)	(8)
Ending Balance	234	349	110
OTTI | DAC, DSI, and VOBA
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(6)	(5)	3
Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA	12	(1)	(8)
Ending Balance	6	(6)	(5)
OTTI | Future Policy Benefits and Policyholders’ Account Balances
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	3	4	3
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	11	(1)	1
Ending Balance	14	3	4
OTTI | Policyholders’ Dividends
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(32)	64	139
Impact of net unrealized investment (gains) losses on policyholders’ dividends	1	(96)	(75)
Ending Balance	(31)	(32)	64
OTTI | Deferred Income Tax (Liability) Benefit
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(110)	(60)	18
Net investment gains (losses) on investments arising during the period	1	(69)	(85)
Reclassification adjustment for (gains) losses included in net income	35	(16)	(25)
Reclassification adjustment for OTTI losses excluded from net income	5	$ 1	3
Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA	(4)		3
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	(4)
Impact of net unrealized investment (gains) losses on policyholders’ dividends		$ 34	26
Ending Balance	$ (77)	$ (110)	$ (60)

Equity (All Other Net Unrealize

Equity (All Other Net Unrealized Investment Gains and Losses in AOCI) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 16,050
Ending Balance	12,285	$ 16,050
Other Net Unrealized Investment Gains and Losses | Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	19,047	10,231	$ 11,433
Net investment gains (losses) on investments arising during the period	(4,043)	11,736	(2,863)
Reclassification adjustment for (gains) losses included in net income	(1,427)	(1,175)	(233)
Reclassification adjustment for OTTI losses excluded from net income	10	3	5
Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA	455	(482)	331
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	133	(392)	301
Impact of net unrealized investment (gains) losses on policyholders’ dividends	1,452	(874)	1,257
Ending Balance	15,627	19,047	10,231
Other Net Unrealized Investment Gains and Losses | Net Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	36,764	20,494	25,151
Net investment gains (losses) on investments arising during the period	(6,311)	18,073	(4,306)
Reclassification adjustment for (gains) losses included in net income	(2,228)	(1,807)	(359)
Reclassification adjustment for OTTI losses excluded from net income	15	4	8
Ending Balance	28,240	36,764	20,494
Other Net Unrealized Investment Gains and Losses | DAC, DSI, and VOBA
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(1,455)	(719)	(1,228)
Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA	695	(736)	509
Ending Balance	(760)	(1,455)	(719)
Other Net Unrealized Investment Gains and Losses | Future Policy Benefits and Policyholders’ Account Balances
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(1,282)	(679)	(1,144)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	200	(603)	465
Ending Balance	(1,082)	(1,282)	(679)
Other Net Unrealized Investment Gains and Losses | Policyholders’ Dividends
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(5,036)	(3,694)	(5,627)
Impact of net unrealized investment (gains) losses on policyholders’ dividends	2,234	(1,342)	1,933
Ending Balance	(2,802)	(5,036)	(3,694)
Other Net Unrealized Investment Gains and Losses | Deferred Income Tax (Liability) Benefit
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(9,944)	(5,171)	(5,719)
Net investment gains (losses) on investments arising during the period	2,268	(6,337)	1,443
Reclassification adjustment for (gains) losses included in net income	801	632	126
Reclassification adjustment for OTTI losses excluded from net income	(5)	(1)	(3)
Impact of net unrealized investment (gains) losses on DAC, DSI, and VOBA	(240)	254	(178)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	(67)	211	(164)
Impact of net unrealized investment (gains) losses on policyholders’ dividends	(782)	468	(676)
Ending Balance	$ (7,969)	$ (9,944)	$ (5,171)

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) $ / shares in Units, shares in Millions	Jan. 02, 2015shares	Jan. 02, 2015shares	Dec. 01, 2014USD ($)shares	Sep. 30, 2009USD ($)$ / shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)shares
Debt Instrument [Line Items]
Class B Stock Held In Treasury, at cost					$ 0	$ 651,000,000
Undistributed earnings allocated to participating unvested share-based payment awards, weighted outstanding shares | shares					4.4	4.3
Long Term Debt Gross Of Set Off Arrangements					$ 24,616,000,000	$ 23,804,000,000
Exhangeable Surplus Notes
Debt Instrument [Line Items]
Long Term Debt Gross Of Set Off Arrangements				$ 500,000,000
Interest Rate				5.36%
Debt Instrument, Convertible, Conversion Ratio				10.1235
Surplus notes principle amount				$ 1,000
Initial exchange price per share of Common Stock (in dollars per share) | $ / shares				$ 98.78
Common Class B Stock
Debt Instrument [Line Items]
Treasury Stock, Shares, Acquired | shares	2	2	2
Class B Stock Held in Treasury
Debt Instrument [Line Items]
Class B Stock Held In Treasury, at cost			$ 650,800,000

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation of the Numerators and Denominators of the Basic and Diluted Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Income
Less: Income (loss) attributable to noncontrolling interests	$ (5)	$ (2)	$ (53)	$ (10)	$ (12)	$ (11)	$ (23)	$ (11)	$ (70)		$ (57)		$ (107)
Basic earnings per share
Income (loss) from continuing operations attributable to Prudential Financial/Financial Services Businesses available to holders of Common Stock (in dollars per share)	$ 1.62	$ 3.22	$ 3.07	$ 4.44	$ (2.70)	$ 1	$ 2.25	$ 2.62	$ 12.37	[1]	$ 3.23	[1]	$ (1.57)	[1]
Diluted earnings per share
Income (loss) from continuing operations attributable to Prudential Financial/Financial Services Businesses available to holders of Common Stock (in dollars per share)	$ 1.60	$ 3.16	$ 3.03	$ 4.37	$ (2.70)	$ 0.99	$ 2.21	$ 2.58	$ 12.17	[1]	$ 3.20	[1]	$ (1.57)	[1]
Common Stock
Income
Income (loss) from continuing operations attributable to Prudential Financial/Financial Services Businesses									$ 5,712		$ 1,579		$ (613)
Direct equity adjustment											(27)		2
Less: Income (loss) attributable to noncontrolling interests									70		57		107
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards									55		14		8
Income (loss) from continuing operations attributable to Prudential Financial/Financial Services Businesses available to holders of Common Stock after direct equity adjustment									5,587		1,481		(726)
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic									55		14		8
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted									54		14		8
Exchangeable Surplus Notes									17		17		0
Income (loss) from continuing operations attributable to Prudential Financial/Financial Services Businesses available to holders of Common Stock after direct equity adjustment									$ 5,605		$ 1,498		$ (726)
Weighted Average Shares
Income (loss) from continuing operations attributable to Prudential Financial/Financial Services Businesses available to holders of Common Stock (in shares)									451.7		458.5		463.1
Stock options (in shares)									2.3		3		0
Deferred and long-term compensation programs (in shares)									0.9		0.8		0
Exchangeable Surplus Notes (in shares)									5.5		5.4		0
Income (loss) from continuing operations attributable to Prudential Financial/Financial Services Businesses available to holders of Common Stock (in shares)									460.4		467.7		463.1
Basic earnings per share
Income (loss) from continuing operations attributable to Prudential Financial/Financial Services Businesses available to holders of Common Stock (in dollars per share)									$ 12.37		$ 3.23		$ (1.57)
Diluted earnings per share
Income (loss) from continuing operations attributable to Prudential Financial/Financial Services Businesses available to holders of Common Stock (in dollars per share)									$ 12.17		$ 3.20		$ (1.57)
[1]	For 2015, represents consolidated earnings per share of Common Stock. For 2014 and 2013, represents earnings of the Company’s former Financial Services Businesses per share of Common Stock. See Note 16 for additional information.

Earnings Per Share (Antidilutiv

Earnings Per Share (Antidilutive Securities Excluded From the Computation of Diluted Earnings Per Share) (Details) - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	2.4	1.9	24
Stock Options | Treasury Stock Method
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	2.4	1.9	6.6
Weighted average exercise price of options excluded from computation of diluted earnings per share (in dollars per share)	$ 87.97	$ 90.30	$ 73.51
Stock Options | Direct Equity Adjustment
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	0	0	12.2
Employee And Non Employee Restricted Stock Shares Restricted Stock Units Performance Shares And Performance Units | Direct Equity Adjustment
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average shares of antidilutive security excluded from computation of diluted earnings per share (in shares)	0	0	5.2

Share-Based Payments (Narrative

Share-Based Payments (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cash used to settle performance units	$ 21	$ 15	$ 10
Omnibus Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Authorized shares remain available for grant including previously authorized but unissued shares under the Option Plan	7,947,141
Employee stock options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum term of stock option granted (in years)	10 years
Weighed Average grant date fair value of stock options granted (in dollars per share)	$ 18.45	$ 21.65	$ 13.72
The total intrinsic value of stock options exercised	$ 49	$ 97	$ 146
Unrecognized Compensation Cost	$ 5
Weighted Average Recognition Period (in years)	1 year 5 months 19 days
Employee Restricted Stock Restricted Units And Performance Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
The fair market value of share awards released	$ 162	$ 145	$ 106
The number of employee restricted stock units and performance shares expected to vest	5,655,584
Unrecognized Compensation Cost	$ 110
Weighted Average Recognition Period (in years)	1 year 8 months 16 days
Employee restricted stock units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted (in dollars per share)	$ 78.40	$ 84.56	$ 57.94
Employee performance shares and performance units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted (in dollars per share)	$ 81.41	$ 90.46	$ 92.22
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Tax Benefit realized for exercises of employee and non-employee stock options	$ 20	$ 35	$ 51
Employee And Non Employee Restricted Stock Shares Restricted Stock Units Performance Shares And Performance Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Tax benefit realized upon vesting of restricted stock shares, restricted stock units, and performance shares	$ 58	$ 51	$ 38

Share-Based Payments (Weighted

Share-Based Payments (Weighted Average Grant Date Assumptions Used in Binomial Optional Valuation Model) (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected volatility	34.67%	35.52%	36.44%
Expected dividend yield	3.00%	2.70%	3.00%
Expected term	5 years 6 months 26 days	5 years 7 months 17 days	5 years 6 months 7 days
Risk-free interest rate	1.61%	1.74%	1.01%

Share-Based Payments (Compensat

Share-Based Payments (Compensation Cost Recognized and Related Income Tax Benefit for Stock Options, Restricted Stock Shares, Restricted Stock Units, and Performance Share Awards) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	$ 164	$ 166	$ 217
Income Tax Benefit	62	60	78
Employee stock options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	21	25	43
Income Tax Benefit	8	9	15
Employee restricted stock units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	111	95	88
Income Tax Benefit	42	34	32
Employee performance shares and performance units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Compensation Cost Recognized	32	46	86
Income Tax Benefit	$ 12	$ 17	$ 31

Share-Based Payments (Summary o

Share-Based Payments (Summary of the Status of the Company's Employee Stock Option Grants) (Details) - Employee stock options	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Shares
Outstanding (in shares) | shares	12,231,497
Granted (in shares) | shares	934,939
Exercised (in shares) | shares	(2,121,926)
Forfeited (in shares) | shares	(22,074)
Expired (in shares) | shares	(96,290)
Outstanding (in shares) | shares	10,926,146
Vested and expected to vest (in shares) | shares	10,880,347
Exercisable (in shares) | shares	8,547,934
Weighted Average Exercise Price
Outstanding (in dollars per share) | $ / shares	$ 64.88
Granted (in dollars per share) | $ / shares	78.10
Exercised (in dollars per share) | $ / shares	62.95
Forfeited (in dollars per share) | $ / shares	68.94
Expired (in dollars per share) | $ / shares	87.33
Outstanding (in dollars per share) | $ / shares	66.18
Vested and expected to vest (in dollars per share) | $ / shares	66.13
Exercisable (in dollars per share) | $ / shares	$ 64.96

Share-Based Payments (Weight131

Share-Based Payments (Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value of Stock Options Outstanding, Vested and Expected to Vest, and Exercisable) (Details) - Employee stock options $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, Weighted Average Remaining Contractual Term	4 years 8 months 19 days
Vested and expected to vest, Weighted Average Remaining Contractual Term	4 years 8 months 12 days
Exercisable, Weighted Average Remaining Contractual Term	3 years 10 months 28 days
Outstanding, Aggregate Intrinsic Value	$ 183
Vested and Expected to Vest, Aggregate Intrinsic Value	183
Exercisable, Aggregate Intrinsic Value	$ 156

Share-Based Payments (Summar132

Share-Based Payments (Summary of the Company's Employee Restricted Stock Shares, Restricted Stock Units and Performance Shares (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Weighted Average Grant Date Fair Value
Number of shares to be awarded at the end of each performance period, lower limit	0.00%	0.00%	0.00%
Number of shares to be awarded at the end of each performance period, upper limit	125.00%	125.00%	150.00%
Employee restricted stock units
Restricted Awards
Restricted (in shares)	4,202,891
Granted (in shares)	1,749,959
Forfeited (in shares)	(99,701)
Released (in shares)	(1,498,863)
Restricted (in shares)	4,354,286	4,202,891
Weighted Average Grant Date Fair Value
Restricted (in dollars per share)	$ 66.31
Granted (in dollars per share)	78.40	$ 84.56	$ 57.94
Forfeited (in dollars per share)	74.70
Released (in dollars per share)	58.98
Restricted (in dollars per share)	$ 73.50	$ 66.31
Employee performance shares and performance units
Restricted Awards
Restricted (in shares)	1,174,801
Granted (in shares)	577,497
Forfeited (in shares)	(4,434)
Performance adjustment (in shares)	171,070
Released (in shares)	(528,437)
Restricted (in shares)	1,390,497	1,174,801
Weighted Average Grant Date Fair Value
Restricted (in dollars per share)	$ 90.46
Granted (in dollars per share)	81.41	$ 90.46	$ 92.22
Forfeited (in dollars per share)	81.01
Performance adjustment (in dollars per share)	78.21
Released (in dollars per share)	78.21
Restricted (in dollars per share)	$ 81.41	$ 90.46

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)year	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Cash Outflows, Increase (Decrease) Due To Mortality Assumption Change, Next Ten Years		8.00%
Defined Benefit Plan, Expected Cash Outflows, Increase (Decrease) Due To Mortality Assumption Change, Year Eleven Through Year Twenty		23.00%
Defined Benefit Plan, Expected Cash Outflows, Increase (Decrease) Due To Mortality Assumption Change, Year Twenty-One And Thereafter		69.00%
Percentage of annual salary Contributed by the Company for employees (401(k) plans)	4.00%
General And Administrative Expense
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Cost Recognized	$ 64	$ 60	$ 57
Other liabilities
Defined Benefit Plan Disclosure [Line Items]
Net accumulated liability for non-retiree postemployment benefits provided to former or inactive employee	48	55
Rabbi Trust
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Obligation	1,175	1,168
Discretionary contributions from the Company to defined benefit or other plans	95	95
Fair value of plan assets	722	656
Rabbi Trust | Discontinued Operations
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Obligation	78	83
Fair value of plan assets	$ 118	$ 123
Foreign Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Pension benefits for foreign plans percentage of the ending benefit obligation	13.00%	13.00%
Defined Benefit Plan Weighted Average Asset Allocations	5.00%	5.00%
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation, Period Increase (Decrease)		$ 458
Defined Benefit Plan, Benefit Obligation, Period Increase (Decrease), Percentage		4.90%
Defined Benefit Plan, Benefit Cost, Period Increase (Decrease) Due To Mortality Assumption Changes	$ 76
Defined Benefit Plan, Benefit Cost, Additional Amortization Of Actuarial Losses, Period Increase (Decrease)	51
Defined Benefit Plan Obligation	12,221	$ 12,545	10,886
Fair value of plan assets	$ 12,541	$ 13,028	$ 12,069
Defined Benefit Plan Weighted Average Asset Allocations	100.00%	100.00%
Bond Yield rate used in determining Discount rate	4.50%	4.10%	4.95%	4.05%
Expected long-term rate of return on plan assets	6.25%	6.25%	6.25%	6.25%
Defined Benefit Plans Estimated Future Employer Contributions in Next Fiscal Year	$ 140
Pension Benefits | Annuity Contracts
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Obligation	20	$ 21
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation, Period Increase (Decrease)		$ 124
Defined Benefit Plan, Benefit Obligation, Period Increase (Decrease), Percentage		6.30%
Defined Benefit Plan, Benefit Cost, Period Increase (Decrease) Due To Mortality Assumption Changes	15
Defined Benefit Plan, Benefit Cost, Additional Amortization Of Actuarial Losses, Period Increase (Decrease)	9
Defined Benefit Plan Obligation	2,159	$ 2,233	$ 2,102
Fair value of plan assets	$ 1,584	$ 1,717	$ 1,745
Defined Benefit Plan Weighted Average Asset Allocations	100.00%	100.00%
Bond Yield rate used in determining Discount rate	4.35%	3.95%	4.75%	3.85%
Expected long-term rate of return on plan assets	7.00%	7.00%	7.00%	7.00%
Defined Benefit Plans Estimated Future Employer Contributions in Next Fiscal Year	$ 10
Maximum
Defined Benefit Plan Disclosure [Line Items]
Bond Yield rate used in determining Discount rate	90.00%
Maximum | Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Deferred Compensation Arrangement with Individual, Requisite Age | year	55
Deferred Compensation Arrangement with Individual, Requisite Service Period	20 years
Minimum
Defined Benefit Plan Disclosure [Line Items]
Bond Yield rate used in determining Discount rate	10.00%
Minimum | Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Deferred Compensation Arrangement with Individual, Requisite Age | year	50
Deferred Compensation Arrangement with Individual, Requisite Service Period	10 years

Employee Benefit Plans (Status

Employee Benefit Plans (Status of Prepaid Benefits Costs and Accrued Benefit Liabilities Included in Other Assets and Other Liabilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension Benefits
Change in benefit obligation
Benefit obligation at the beginning of period	$ (12,545)	$ (10,886)
Service cost	(244)	(234)	$ (252)
Interest cost	(469)	(481)	(437)
Plan participants’ contributions	0	0
Medicare Part D subsidy receipts	0	0
Amendments	0	1
Actuarial gains (losses), net	335	(1,804)
Settlements	22	42
Special termination benefits	(4)	(4)
Benefits paid	632	620
Foreign currency changes and other	52	201
Benefit obligation at end of period	(12,221)	(12,545)	(10,886)
Change in plan assets
Fair value of plan assets at beginning of period	13,028	12,069
Actual return on plan assets	35	1,515
Employer contributions	162	165
Plan participants’ contributions	0	0
Disbursement for settlements	(22)	(42)
Benefits paid	(632)	(620)
Foreign currency changes and other	(30)	(59)
Fair value of plan assets at end of period	12,541	13,028	12,069
Funded status at end of period	320	483
Amounts recognized in the Statements of Financial Position
Prepaid benefit cost	2,687	2,828
Accrued benefit liability	(2,367)	(2,345)
Net amount recognized	320	483
Items recorded in “Accumulated other comprehensive income (loss)” not yet recognized as a component of net periodic (benefit) cost:
Transition obligation	0	0
Prior service cost	(33)	(42)
Net actuarial loss	3,173	2,946
Net amount not recognized	3,140	2,904
Accumulated benefit obligation	(11,607)	(11,964)
Other Postretirement Benefits
Change in benefit obligation
Benefit obligation at the beginning of period	(2,233)	(2,102)
Service cost	(20)	(17)	(17)
Interest cost	(86)	(96)	(89)
Plan participants’ contributions	(29)	(29)
Medicare Part D subsidy receipts	(12)	(8)
Amendments	(2)	0
Actuarial gains (losses), net	43	(169)
Settlements	0	0
Special termination benefits	0	0
Benefits paid	176	184
Foreign currency changes and other	4	4
Benefit obligation at end of period	(2,159)	(2,233)	(2,102)
Change in plan assets
Fair value of plan assets at beginning of period	1,717	1,745
Actual return on plan assets	9	120
Employer contributions	5	7
Plan participants’ contributions	29	29
Disbursement for settlements	0	0
Benefits paid	(176)	(184)
Foreign currency changes and other	0	0
Fair value of plan assets at end of period	1,584	1,717	$ 1,745
Funded status at end of period	(575)	(516)
Amounts recognized in the Statements of Financial Position
Prepaid benefit cost	0	0
Accrued benefit liability	(575)	(516)
Net amount recognized	(575)	(516)
Items recorded in “Accumulated other comprehensive income (loss)” not yet recognized as a component of net periodic (benefit) cost:
Transition obligation	0	0
Prior service cost	(1)	(8)
Net actuarial loss	621	600
Net amount not recognized	620	592
Accumulated benefit obligation	$ (2,159)	$ (2,233)

Employee Benefit Plans (Informa

Employee Benefit Plans (Information for Pension Plans with a Projected and Accumulated Benefit Obligation in Excess of Plan Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Information On Pension Plans With Projected Benefit Obligation In Excess Of Plan Assets [Abstract]
Projected benefit obligation	$ 2,403	$ 2,379
Fair value of plan assets	36	34
Information On Pension Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract]
Accumulated benefit obligation	2,154	2,164
Fair value of plan assets	$ 5	$ 33

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Benefit Cost Included in General and Administrative Expenses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 244	$ 234	$ 252
Interest cost	469	481	437
Expected return on plan assets	(775)	(712)	(769)
Amortization of transition obligation	0	0	0
Amortization of prior service cost	(8)	(10)	(10)
Amortization of actuarial (gain) loss, net	168	86	91
Settlements	5	10	0
Special termination benefits	4	4	2
Net periodic (benefit) cost	107	93	3
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	20	17	17
Interest cost	86	96	89
Expected return on plan assets	(115)	(116)	(87)
Amortization of transition obligation	0	0	0
Amortization of prior service cost	(5)	(10)	(12)
Amortization of actuarial (gain) loss, net	38	25	56
Settlements	0	0	0
Special termination benefits	0	0	0
Net periodic (benefit) cost	$ 24	$ 12	$ 63

Employee Benefit Plans (Amounts

Employee Benefit Plans (Amounts Recorded in Accumulated Other Comprehensive Income not yet Recognized) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension Benefits
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	$ 2,904
Deferrals for the period	174
Impact of foreign currency changes and other	(52)	$ (201)
Balance, end of period	3,140	2,904
Pension Benefits | Transition Obligation
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	0	0	$ 0
Amortization for the period	0	0	0
Deferrals for the period	0	0	0
Impact of foreign currency changes and other	0	0	0
Balance, end of period	0	0	0
Pension Benefits | Prior Service Cost
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	(42)	(56)	(81)
Amortization for the period	8	10	10
Deferrals for the period	0	(1)	2
Impact of foreign currency changes and other	1	5	13
Balance, end of period	(33)	(42)	(56)
Pension Benefits | Net Actuarial (Gain) Loss
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	2,946	2,065	2,548
Amortization for the period	(168)	(86)	(91)
Deferrals for the period	405	1,001	(341)
Impact of foreign currency changes and other	(10)	(34)	(51)
Balance, end of period	3,173	2,946	2,065
Other Postretirement Benefits
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	592
Deferrals for the period	39
Impact of foreign currency changes and other	(4)	(4)
Balance, end of period	620	592
Other Postretirement Benefits | Transition Obligation
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	0	0	0
Amortization for the period	0	0	0
Deferrals for the period	0	0	0
Impact of foreign currency changes and other	0	0	0
Balance, end of period	0	0	0
Other Postretirement Benefits | Prior Service Cost
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	(8)	(19)	(30)
Amortization for the period	5	10	12
Deferrals for the period	2	0	0
Impact of foreign currency changes and other	0	1	(1)
Balance, end of period	(1)	(8)	(19)
Other Postretirement Benefits | Net Actuarial (Gain) Loss
Pension And Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance, beginning of year	600	463	893
Amortization for the period	(38)	(25)	(56)
Deferrals for the period	63	165	(377)
Impact of foreign currency changes and other	(4)	(3)	3
Balance, end of period	$ 621	$ 600	$ 463

Employee Benefit Plans (Amou138

Employee Benefit Plans (Amounts Included in Accumulated Other Comprehensive Income Expected to be Recognized as Components of Net Periodic Benefit Cost in Subsequent Year) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Amortization of prior service cost	$ (6)
Amortization of actuarial (gain) loss, net	180
Total	174
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Amortization of prior service cost	(2)
Amortization of actuarial (gain) loss, net	41
Total	$ 39

Employee Benefit Plans (Assumpt

Employee Benefit Plans (Assumptions Related to Calculation of Domestic Benefit Obligation (End of Period) and Determination of Net Periodic (Benefit) Cost (Beginning of Period)) (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Minimum
Defined Benefit Plan Disclosure [Line Items]
Discount rate	10.00%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Discount rate	90.00%
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.50%	4.10%	4.95%	4.05%
Rate of increase in compensation levels	4.50%	4.50%	4.50%	4.50%
Expected return on plan assets	6.25%	6.25%	6.25%	6.25%
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.35%	3.95%	4.75%	3.85%
Expected return on plan assets	7.00%	7.00%	7.00%	7.00%
Ultimate health care cost trend rate	5.00%	5.00%	5.00%	5.00%
Other Postretirement Benefits | Minimum
Defined Benefit Plan Disclosure [Line Items]
Health care cost trend rates	5.00%	5.00%	5.00%	5.00%
Other Postretirement Benefits | Maximum
Defined Benefit Plan Disclosure [Line Items]
Health care cost trend rates	7.00%	6.66%	7.08%	7.50%

Employee Benefit Plans (Effects

Employee Benefit Plans (Effects of a One-Percentage Point Increase and Decrease in Assumed Health Care Cost Trend Rates) (Details) - Other Postretirement Benefits $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Defined Benefit Plan Disclosure [Line Items]
Increase in total service and interest costs	$ 7
Increase in postretirement benefit obligation	153
Decrease in total service and interest costs	5
Decrease in postretirement benefit obligation	$ 120

Employee Benefit Plans (Asset A

Employee Benefit Plans (Asset Allocation Targets Reflecting a Percentage of Total Assets by Asset Class) (Details)	12 Months Ended
	Dec. 31, 2015
Pension Benefits | Equity securities | U.S.
Defined Benefit Plan Disclosure [Line Items]
Minimum	2.00%
Maximum	15.00%
Pension Benefits | Equity securities | International
Defined Benefit Plan Disclosure [Line Items]
Minimum	2.00%
Maximum	16.00%
Pension Benefits | Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Minimum	50.00%
Maximum	69.00%
Pension Benefits | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Minimum	0.00%
Maximum	15.00%
Pension Benefits | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Minimum	2.00%
Maximum	15.00%
Pension Benefits | Other
Defined Benefit Plan Disclosure [Line Items]
Minimum	0.00%
Maximum	16.00%
Other Postretirement Benefits | Equity securities | U.S.
Defined Benefit Plan Disclosure [Line Items]
Minimum	25.00%
Maximum	58.00%
Other Postretirement Benefits | Equity securities | International
Defined Benefit Plan Disclosure [Line Items]
Minimum	2.00%
Maximum	22.00%
Other Postretirement Benefits | Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Minimum	3.00%
Maximum	52.00%
Other Postretirement Benefits | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Minimum	0.00%
Maximum	44.00%
Other Postretirement Benefits | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Minimum	0.00%
Maximum	0.00%
Other Postretirement Benefits | Other
Defined Benefit Plan Disclosure [Line Items]
Minimum	0.00%
Maximum	0.00%

Employee Benefit Plans (Pension

Employee Benefit Plans (Pension and Post Retirement Asset Allocations in Accordance with Investment Guidelines) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Notional	$ 427,550	$ 439,280
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Total	12,541	13,028	$ 12,069
Net Value of investment of securities lending collateral invested in short-term bond	163	717
Liability for securities lending collateral	163	754
Pension Benefits | Equity securities | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	721	968
Pension Benefits | Equity securities | International
Defined Benefit Plan Disclosure [Line Items]
Total	600	570
Pension Benefits | Equity securities | Pooled separate accounts | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	636	881
Pension Benefits | Equity securities | Pooled separate accounts | International
Defined Benefit Plan Disclosure [Line Items]
Total	321	323
Pension Benefits | Equity securities | Common/collective trusts | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	85	87
Pension Benefits | Equity securities | Common/collective trusts | International
Defined Benefit Plan Disclosure [Line Items]
Total	229	202
Pension Benefits | Equity securities | United Kingdom insurance pooled funds | International
Defined Benefit Plan Disclosure [Line Items]
Total	50	45
Pension Benefits | Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Total	8,456	9,050
Pension Benefits | Fixed Maturities | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total	1,218	1,197
Pension Benefits | Fixed Maturities | Common/collective trusts
Defined Benefit Plan Disclosure [Line Items]
Total	347	490
Pension Benefits | Fixed Maturities | Mortgage-backed
Defined Benefit Plan Disclosure [Line Items]
Total	1	1
Pension Benefits | Fixed Maturities | Other U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	661	852
Pension Benefits | Fixed Maturities | U.S. government securities (state & other)
Defined Benefit Plan Disclosure [Line Items]
Total	582	694
Pension Benefits | Fixed Maturities | Non-U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	14	16
Pension Benefits | Fixed Maturities | United Kingdom insurance pooled funds
Defined Benefit Plan Disclosure [Line Items]
Total	293	320
Pension Benefits | Fixed Maturities | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Total	4,417	4,564
Pension Benefits | Fixed Maturities | Asset-backed
Defined Benefit Plan Disclosure [Line Items]
Total	8	25
Pension Benefits | Fixed Maturities | Collateralized Mortgage Obligations
Defined Benefit Plan Disclosure [Line Items]
Total	109	112
Pension Benefits | Fixed Maturities | Interest Rate Swaps
Defined Benefit Plan Disclosure [Line Items]
Total	(5)	(1)
Pension Benefits | Fixed Maturities | Variable Life Insurance Policies
Defined Benefit Plan Disclosure [Line Items]
Total	31	28
Pension Benefits | Fixed Maturities | Other
Defined Benefit Plan Disclosure [Line Items]
Total	780	789
Pension Benefits | Fixed Maturities | Unrealized gain (loss) on investment of securities lending collateral
Defined Benefit Plan Disclosure [Line Items]
Total	0	(37)
Pension Benefits | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Total	39	40
Pension Benefits | Short-term Investments | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total	39	39
Pension Benefits | Short-term Investments | United Kingdom insurance pooled funds
Defined Benefit Plan Disclosure [Line Items]
Total	0	1
Pension Benefits | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Total	954	801
Pension Benefits | Real Estate | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total	607	465
Pension Benefits | Real Estate | Partnerships
Defined Benefit Plan Disclosure [Line Items]
Total	347	336
Pension Benefits | Interest Rate Swaps
Defined Benefit Plan Disclosure [Line Items]
Notional	2,073	1,536
Pension Benefits | Other
Defined Benefit Plan Disclosure [Line Items]
Total	1,771	1,599
Pension Benefits | Other | Partnerships
Defined Benefit Plan Disclosure [Line Items]
Total	481	455
Pension Benefits | Other | Hedge Fund
Defined Benefit Plan Disclosure [Line Items]
Total	1,290	1,144
Pension Benefits | Level 1
Defined Benefit Plan Disclosure [Line Items]
Total	685	712
Pension Benefits | Level 1 | Equity securities | Pooled separate accounts | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Equity securities | Pooled separate accounts | International
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Equity securities | Common/collective trusts | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Equity securities | Common/collective trusts | International
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Equity securities | United Kingdom insurance pooled funds | International
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | Common/collective trusts
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | Mortgage-backed
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | Other U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | U.S. government securities (state & other)
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | Non-U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | United Kingdom insurance pooled funds
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | Asset-backed
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | Collateralized Mortgage Obligations
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | Interest Rate Swaps
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | Variable Life Insurance Policies
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Fixed Maturities | Other
Defined Benefit Plan Disclosure [Line Items]
Total	685	712
Pension Benefits | Level 1 | Fixed Maturities | Unrealized gain (loss) on investment of securities lending collateral
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Short-term Investments | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Short-term Investments | United Kingdom insurance pooled funds
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Real Estate | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Real Estate | Partnerships
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Other | Partnerships
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 1 | Other | Hedge Fund
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 2
Defined Benefit Plan Disclosure [Line Items]
Total	9,003	9,794
Pension Benefits | Level 2 | Equity securities | Pooled separate accounts | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	636	881
Pension Benefits | Level 2 | Equity securities | Pooled separate accounts | International
Defined Benefit Plan Disclosure [Line Items]
Total	321	323
Pension Benefits | Level 2 | Equity securities | Common/collective trusts | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	85	87
Pension Benefits | Level 2 | Equity securities | Common/collective trusts | International
Defined Benefit Plan Disclosure [Line Items]
Total	229	202
Pension Benefits | Level 2 | Equity securities | United Kingdom insurance pooled funds | International
Defined Benefit Plan Disclosure [Line Items]
Total	50	45
Pension Benefits | Level 2 | Fixed Maturities | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total	1,183	1,162
Pension Benefits | Level 2 | Fixed Maturities | Common/collective trusts
Defined Benefit Plan Disclosure [Line Items]
Total	347	490
Pension Benefits | Level 2 | Fixed Maturities | Mortgage-backed
Defined Benefit Plan Disclosure [Line Items]
Total	1	1
Pension Benefits | Level 2 | Fixed Maturities | Other U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	661	852
Pension Benefits | Level 2 | Fixed Maturities | U.S. government securities (state & other)
Defined Benefit Plan Disclosure [Line Items]
Total	582	694
Pension Benefits | Level 2 | Fixed Maturities | Non-U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	14	16
Pension Benefits | Level 2 | Fixed Maturities | United Kingdom insurance pooled funds
Defined Benefit Plan Disclosure [Line Items]
Total	293	320
Pension Benefits | Level 2 | Fixed Maturities | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Total	4,417	4,550
Pension Benefits | Level 2 | Fixed Maturities | Asset-backed
Defined Benefit Plan Disclosure [Line Items]
Total	8	25
Pension Benefits | Level 2 | Fixed Maturities | Collateralized Mortgage Obligations
Defined Benefit Plan Disclosure [Line Items]
Total	109	112
Pension Benefits | Level 2 | Fixed Maturities | Interest Rate Swaps
Defined Benefit Plan Disclosure [Line Items]
Total	(5)	(1)
Pension Benefits | Level 2 | Fixed Maturities | Variable Life Insurance Policies
Defined Benefit Plan Disclosure [Line Items]
Total	31	28
Pension Benefits | Level 2 | Fixed Maturities | Other
Defined Benefit Plan Disclosure [Line Items]
Total	2	4
Pension Benefits | Level 2 | Fixed Maturities | Unrealized gain (loss) on investment of securities lending collateral
Defined Benefit Plan Disclosure [Line Items]
Total	0	(37)
Pension Benefits | Level 2 | Short-term Investments | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total	39	39
Pension Benefits | Level 2 | Short-term Investments | United Kingdom insurance pooled funds
Defined Benefit Plan Disclosure [Line Items]
Total	0	1
Pension Benefits | Level 2 | Real Estate | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 2 | Real Estate | Partnerships
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 2 | Other | Partnerships
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 2 | Other | Hedge Fund
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3
Defined Benefit Plan Disclosure [Line Items]
Total	2,853	2,522
Pension Benefits | Level 3 | Equity securities | Pooled separate accounts | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Equity securities | Pooled separate accounts | International
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Equity securities | Common/collective trusts | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Equity securities | Common/collective trusts | International
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Equity securities | United Kingdom insurance pooled funds | International
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Fixed Maturities | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total	35	35
Pension Benefits | Level 3 | Fixed Maturities | Common/collective trusts
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Fixed Maturities | Mortgage-backed
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Fixed Maturities | Other U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Fixed Maturities | U.S. government securities (state & other)
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Fixed Maturities | Non-U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Fixed Maturities | United Kingdom insurance pooled funds
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Fixed Maturities | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Total	0	14
Pension Benefits | Level 3 | Fixed Maturities | Asset-backed
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Fixed Maturities | Collateralized Mortgage Obligations
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Fixed Maturities | Interest Rate Swaps
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Fixed Maturities | Variable Life Insurance Policies
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Fixed Maturities | Other
Defined Benefit Plan Disclosure [Line Items]
Total	93	73
Pension Benefits | Level 3 | Fixed Maturities | Unrealized gain (loss) on investment of securities lending collateral
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Short-term Investments | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Short-term Investments | United Kingdom insurance pooled funds
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Pension Benefits | Level 3 | Real Estate | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total	607	465
Pension Benefits | Level 3 | Real Estate | Partnerships
Defined Benefit Plan Disclosure [Line Items]
Total	347	336
Pension Benefits | Level 3 | Other | Partnerships
Defined Benefit Plan Disclosure [Line Items]
Total	481	455
Pension Benefits | Level 3 | Other | Hedge Fund
Defined Benefit Plan Disclosure [Line Items]
Total	1,290	1,144
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Total	1,584	1,717	$ 1,745
Net Value of investment of securities lending collateral invested in short-term bond	2	10
Liability for securities lending collateral	2	10
Other Postretirement Benefits | Equity securities | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	761	977
Other Postretirement Benefits | Equity securities | International
Defined Benefit Plan Disclosure [Line Items]
Total	186	83
Other Postretirement Benefits | Equity securities | Common/collective trusts | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	169	155
Other Postretirement Benefits | Equity securities | Common/collective trusts | International
Defined Benefit Plan Disclosure [Line Items]
Total	97	22
Other Postretirement Benefits | Equity securities | Equities | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	0	124
Other Postretirement Benefits | Equity securities | Variable Life Insurance Policies | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	592	698
Other Postretirement Benefits | Equity securities | Variable Life Insurance Policies | International
Defined Benefit Plan Disclosure [Line Items]
Total	89	61
Other Postretirement Benefits | Fixed Maturities
Defined Benefit Plan Disclosure [Line Items]
Total	511	577
Other Postretirement Benefits | Fixed Maturities | Common/collective trusts
Defined Benefit Plan Disclosure [Line Items]
Total	67	31
Other Postretirement Benefits | Fixed Maturities | Mortgage-backed
Defined Benefit Plan Disclosure [Line Items]
Total	4	5
Other Postretirement Benefits | Fixed Maturities | Other U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	80	116
Other Postretirement Benefits | Fixed Maturities | U.S. government securities (state & other)
Defined Benefit Plan Disclosure [Line Items]
Total	0	3
Other Postretirement Benefits | Fixed Maturities | Non-U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	5	7
Other Postretirement Benefits | Fixed Maturities | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Total	204	255
Other Postretirement Benefits | Fixed Maturities | Asset-backed
Defined Benefit Plan Disclosure [Line Items]
Total	53	77
Other Postretirement Benefits | Fixed Maturities | Collateralized Mortgage Obligations
Defined Benefit Plan Disclosure [Line Items]
Total	30	39
Other Postretirement Benefits | Fixed Maturities | Interest Rate Swaps
Defined Benefit Plan Disclosure [Line Items]
Total	0	(8)
Other Postretirement Benefits | Fixed Maturities | Variable Life Insurance Policies
Defined Benefit Plan Disclosure [Line Items]
Total	59
Other Postretirement Benefits | Fixed Maturities | Other
Defined Benefit Plan Disclosure [Line Items]
Total	9	52
Other Postretirement Benefits | Fixed Maturities | Unrealized gain (loss) on investment of securities lending collateral
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Total	126	80
Other Postretirement Benefits | Short-term Investments | Variable Life Insurance Policies
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Short-term Investments | Registered investment companies
Defined Benefit Plan Disclosure [Line Items]
Total	126	80
Other Postretirement Benefits | Interest Rate Swaps
Defined Benefit Plan Disclosure [Line Items]
Notional	380	1,024
Other Postretirement Benefits | Level 1
Defined Benefit Plan Disclosure [Line Items]
Total	132	261
Other Postretirement Benefits | Level 1 | Equity securities | Common/collective trusts | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Equity securities | Common/collective trusts | International
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Equity securities | Equities | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	0	124
Other Postretirement Benefits | Level 1 | Equity securities | Variable Life Insurance Policies | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Equity securities | Variable Life Insurance Policies | International
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Fixed Maturities | Common/collective trusts
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Fixed Maturities | Mortgage-backed
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Fixed Maturities | Other U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Fixed Maturities | U.S. government securities (state & other)
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Fixed Maturities | Non-U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Fixed Maturities | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Fixed Maturities | Asset-backed
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Fixed Maturities | Collateralized Mortgage Obligations
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Fixed Maturities | Interest Rate Swaps
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Fixed Maturities | Variable Life Insurance Policies
Defined Benefit Plan Disclosure [Line Items]
Total	0
Other Postretirement Benefits | Level 1 | Fixed Maturities | Other
Defined Benefit Plan Disclosure [Line Items]
Total	6	57
Other Postretirement Benefits | Level 1 | Fixed Maturities | Unrealized gain (loss) on investment of securities lending collateral
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Short-term Investments | Variable Life Insurance Policies
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 1 | Short-term Investments | Registered investment companies
Defined Benefit Plan Disclosure [Line Items]
Total	126	80
Other Postretirement Benefits | Level 2
Defined Benefit Plan Disclosure [Line Items]
Total	1,449	1,459
Other Postretirement Benefits | Level 2 | Equity securities | Common/collective trusts | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	169	155
Other Postretirement Benefits | Level 2 | Equity securities | Common/collective trusts | International
Defined Benefit Plan Disclosure [Line Items]
Total	97	22
Other Postretirement Benefits | Level 2 | Equity securities | Equities | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 2 | Equity securities | Variable Life Insurance Policies | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	592	698
Other Postretirement Benefits | Level 2 | Equity securities | Variable Life Insurance Policies | International
Defined Benefit Plan Disclosure [Line Items]
Total	89	61
Other Postretirement Benefits | Level 2 | Fixed Maturities | Common/collective trusts
Defined Benefit Plan Disclosure [Line Items]
Total	67	31
Other Postretirement Benefits | Level 2 | Fixed Maturities | Mortgage-backed
Defined Benefit Plan Disclosure [Line Items]
Total	4	5
Other Postretirement Benefits | Level 2 | Fixed Maturities | Other U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	80	116
Other Postretirement Benefits | Level 2 | Fixed Maturities | U.S. government securities (state & other)
Defined Benefit Plan Disclosure [Line Items]
Total	0	3
Other Postretirement Benefits | Level 2 | Fixed Maturities | Non-U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	5	7
Other Postretirement Benefits | Level 2 | Fixed Maturities | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Total	204	254
Other Postretirement Benefits | Level 2 | Fixed Maturities | Asset-backed
Defined Benefit Plan Disclosure [Line Items]
Total	53	76
Other Postretirement Benefits | Level 2 | Fixed Maturities | Collateralized Mortgage Obligations
Defined Benefit Plan Disclosure [Line Items]
Total	30	39
Other Postretirement Benefits | Level 2 | Fixed Maturities | Interest Rate Swaps
Defined Benefit Plan Disclosure [Line Items]
Total	0	(8)
Other Postretirement Benefits | Level 2 | Fixed Maturities | Variable Life Insurance Policies
Defined Benefit Plan Disclosure [Line Items]
Total	59
Other Postretirement Benefits | Level 2 | Fixed Maturities | Other
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 2 | Fixed Maturities | Unrealized gain (loss) on investment of securities lending collateral
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 2 | Short-term Investments | Variable Life Insurance Policies
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 2 | Short-term Investments | Registered investment companies
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3
Defined Benefit Plan Disclosure [Line Items]
Total	3	(3)
Other Postretirement Benefits | Level 3 | Equity securities | Common/collective trusts | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Equity securities | Common/collective trusts | International
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Equity securities | Equities | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Equity securities | Variable Life Insurance Policies | U.S.
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Equity securities | Variable Life Insurance Policies | International
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Fixed Maturities | Common/collective trusts
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Fixed Maturities | Mortgage-backed
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Fixed Maturities | Other U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Fixed Maturities | U.S. government securities (state & other)
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Fixed Maturities | Non-U.S. government securities
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Fixed Maturities | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Total	0	1
Other Postretirement Benefits | Level 3 | Fixed Maturities | Asset-backed
Defined Benefit Plan Disclosure [Line Items]
Total	0	1
Other Postretirement Benefits | Level 3 | Fixed Maturities | Collateralized Mortgage Obligations
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Fixed Maturities | Interest Rate Swaps
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Fixed Maturities | Variable Life Insurance Policies
Defined Benefit Plan Disclosure [Line Items]
Total	0
Other Postretirement Benefits | Level 3 | Fixed Maturities | Other
Defined Benefit Plan Disclosure [Line Items]
Total	3	(5)
Other Postretirement Benefits | Level 3 | Fixed Maturities | Unrealized gain (loss) on investment of securities lending collateral
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Short-term Investments | Variable Life Insurance Policies
Defined Benefit Plan Disclosure [Line Items]
Total	0	0
Other Postretirement Benefits | Level 3 | Short-term Investments | Registered investment companies
Defined Benefit Plan Disclosure [Line Items]
Total	$ 0	$ 0

Employee Benefit Plans (Changes

Employee Benefit Plans (Changes in Fair Value of Level 3 Pension and Post Retirement Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Pension Benefits | Fixed Maturities | Pooled Separate Accounts
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	$ 35	$ 32
Actual Return on Assets:
Relating to assets still held at the reporting date	0	3
Relating to assets sold during the period	0	0
Purchases, sales and settlements	0	0
Transfers in and/or out of Level 3(1)	0	0
Fair Value, end of period	35	35
Pension Benefits | Fixed Maturities | Corporate Debt-Corporate Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	14	16
Actual Return on Assets:
Relating to assets still held at the reporting date	0	0
Relating to assets sold during the period	0	0
Purchases, sales and settlements	0	(2)
Transfers in and/or out of Level 3(1)	(14)	0
Fair Value, end of period	0	14
Pension Benefits | Fixed Maturities | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	73	66
Actual Return on Assets:
Relating to assets still held at the reporting date	0	0
Relating to assets sold during the period	0	0
Purchases, sales and settlements	20	7
Transfers in and/or out of Level 3(1)	0	0
Fair Value, end of period	93	73
Pension Benefits | Real Estate | Pooled Separate Accounts
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	465	356
Actual Return on Assets:
Relating to assets still held at the reporting date	81	49
Relating to assets sold during the period	2	5
Purchases, sales and settlements	59	55
Transfers in and/or out of Level 3(1)	0	0
Fair Value, end of period	607	465
Pension Benefits | Real Estate | Partnerships
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	336	320
Actual Return on Assets:
Relating to assets still held at the reporting date	32	6
Relating to assets sold during the period	0	0
Purchases, sales and settlements	(21)	10
Transfers in and/or out of Level 3(1)	0	0
Fair Value, end of period	347	336
Pension Benefits | Other | Partnerships
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	455	374
Actual Return on Assets:
Relating to assets still held at the reporting date	34	53
Relating to assets sold during the period	0	0
Purchases, sales and settlements	(8)	28
Transfers in and/or out of Level 3(1)	0	0
Fair Value, end of period	481	455
Pension Benefits | Other | Hedge Fund
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1,144	1,095
Actual Return on Assets:
Relating to assets still held at the reporting date	(8)	49
Relating to assets sold during the period	0	0
Purchases, sales and settlements	154	0
Transfers in and/or out of Level 3(1)	0	0
Fair Value, end of period	1,290	1,144
Other Postretirement Benefits | Fixed Maturities | Corporate Debt-Corporate Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1	1
Actual Return on Assets:
Relating to assets still held at the reporting date	0	0
Relating to assets sold during the period	0	0
Purchases, sales and settlements	0	0
Transfers in and/or out of Level 3(1)	(1)	0
Fair Value, end of period	0	1
Other Postretirement Benefits | Fixed Maturities | Asset-Backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1	5
Actual Return on Assets:
Relating to assets still held at the reporting date	0	0
Relating to assets sold during the period	0	0
Purchases, sales and settlements	0	1
Transfers in and/or out of Level 3(1)	(1)	(5)
Fair Value, end of period	0	1
Other Postretirement Benefits | Fixed Maturities | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(5)	(6)
Actual Return on Assets:
Relating to assets still held at the reporting date	0	0
Relating to assets sold during the period	0	0
Purchases, sales and settlements	8	1
Transfers in and/or out of Level 3(1)	0	0
Fair Value, end of period	$ 3	$ (5)

Employee Benefit Plans (Summary

Employee Benefit Plans (Summary of Pension and Postretirement Plan Asset Allocation) (Details)	Dec. 31, 2015	Dec. 31, 2014
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	100.00%	100.00%
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	100.00%	100.00%
Equity securities, available-for-sale | U.S. | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	6.00%	7.00%
Equity securities, available-for-sale | U.S. | Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	48.00%	57.00%
Equity securities, available-for-sale | International | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	5.00%	5.00%
Equity securities, available-for-sale | International | Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	12.00%	5.00%
Fixed Maturities | U.S. | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	67.00%	69.00%
Fixed Maturities | U.S. | Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	32.00%	34.00%
Short-term investments | U.S. | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	0.00%	0.00%
Short-term investments | U.S. | Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	8.00%	4.00%
Real Estate | U.S. | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	8.00%	6.00%
Real Estate | U.S. | Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	0.00%	0.00%
Other | U.S. | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	14.00%	13.00%
Other | U.S. | Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Percentage of asset class to total plan assets (actual)	0.00%	0.00%

Employee Benefit Plans (Expecte

Employee Benefit Plans (Expected Benefit Payments for Company's Pension and Postretirement Plans as well as Expected Medicare Part D Subsidy Receipts Related to Postretirement Plan) (Details) $ in Millions	Dec. 31, 2015USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2,016	$ 678
2,017	696
2,018	722
2,019	746
2,020	772
2021-2025	4,205
Total	7,819
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
2,016	172
2,017	176
2,018	178
2,019	179
2,020	180
2021-2025	876
Total	1,761
Other Postretirement Benefits | Other Postretirement Benefits– Medicare Part D Subsidy Receipts
Defined Benefit Plan Disclosure [Line Items]
2,016	12
2,017	12
2,018	13
2,019	14
2,020	14
2021-2025	75
Total	$ 140

Income Taxes (Components of Inc

Income Taxes (Components of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current tax expense (benefit)
U.S.	$ 738	$ (80)	$ (292)
State and local	3	(7)	16
Foreign	622	463	310
Total	1,363	376	34
Deferred tax expense (benefit)
U.S.	585	880	44
State and local	4	12	0
Foreign	120	(919)	(1,136)
Total	709	(27)	(1,092)
Total income tax expense (benefit) on continuing operations before equity in earnings of operating joint ventures	2,072	349	(1,058)
Income tax expense on equity in earnings of operating joint ventures	(1)	(2)	19
Income tax expense on discontinued operations	0	6	3
Income tax expense (benefit) reported in equity related to:
Other comprehensive income	(2,213)	4,249	(582)
Stock-based compensation programs	(22)	(29)	(32)
Total income taxes	$ (164)	$ 4,573	$ (1,650)

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended			12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Sep. 30, 2015	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Hedging IDD					$ 475
Effective Income Tax Rate Reconciliation, Deductions, Dividends					35.00%
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount	$ 108				$ 3	$ (32)	$ 0
Section 420 Transfer						340
Non Taxable Medicare Part D						43
Opening Balance Sheet Deferred Tax Assets After Valuation Allowance That Will Result In Additional Tax Expense						734
Additional Tax Expense (Benefit) Recognized In Statement Of Operations		$ 32	$ (3)	$ 108
Income (Loss) from Continuing Operations before Income Taxes, Domestic					4,235	3,487	1,274
Income (Loss) from Continuing Operations before Income Taxes, Foreign					$ 3,534	$ (1,728)	$ (2,958)

Income Taxes (Reconciliation To

Income Taxes (Reconciliation To Effective Rate) (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Expected federal income tax expense (benefit)		$ 2,719	$ 616	$ (589)
Non-taxable investment income		(341)	(381)	(319)
Foreign taxes at other than U.S. rate		(51)	146	(38)
Low-income housing and other tax credits		(116)	(127)	(105)
Reversal of acquisition opening balance sheet deferred tax items		0	53	55
Change in repatriation assertion	$ (108)	(3)	32	0
Minority interest		(24)	(19)	(37)
Medicare Part D		(10)	3	(43)
Change in tax law: active financing exception		(108)	0	(2)
Other		6	26	20
Total income tax expense (benefit) on continuing operations before equity in earnings of operating joint ventures		$ 2,072	$ 349	$ (1,058)

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets(1)
Insurance reserves	$ 2,878	$ 3,930
Policyholders’ dividends	1,815	2,552
Net operating and capital loss carryforwards	181	256
Employee benefits	628	825
Investments	530	260
Other		285
Deferred tax assets before valuation allowance	6,032	8,108
Valuation allowance	(133)	(277)
Deferred tax assets after valuation allowance	5,899	7,831
Deferred tax liabilities(2)
Net unrealized investment gains	9,167	12,713
Deferred policy acquisition costs	4,179	4,049
Unremitted foreign earnings	290	512
Value of business acquired	903	924
Other	291
Deferred tax liabilities	14,830	18,198
Net deferred tax liability	$ (8,931)	(10,367)
Scenario, Previously Reported
Deferred tax assets(1)
Insurance reserves		4,361
Investments		0
Deferred tax assets before valuation allowance		8,279
Deferred tax assets after valuation allowance		8,002
Deferred tax liabilities(2)
Investments		171
Deferred tax liabilities		$ 18,369

Income Taxes (Valuation Allowan

Income Taxes (Valuation Allowance) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Deferred Tax Asset Valuation [Line Items]
Valuation allowance	$ 133	$ 277
State and local
Deferred Tax Asset Valuation [Line Items]
Valuation allowance	98	252
Foreign operations
Deferred Tax Asset Valuation [Line Items]
Valuation allowance	$ 35	$ 25

Income Taxes (Operating and Cap

Income Taxes (Operating and Capital Loss Carryforwards) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Operating Loss Carryforwards [Line Items]
General business credits	$ 0	$ 136
Alternative minimum tax credits	85	248
Federal
Operating Loss Carryforwards [Line Items]
Net operating and capital loss carryforwards	0	0
State and local
Operating Loss Carryforwards [Line Items]
Net operating and capital loss carryforwards	3,687	5,895
Foreign operations
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	65	$ 53
Foreign operations | Operating Loss Expiring Between 2019 And 2023
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	34
Foreign operations | Net Operating Loss Unlimited Carryforward
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 31

Income Taxes (Undistributed Ear

Income Taxes (Undistributed Earnings) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Undistributed earnings of foreign subsidiaries (assuming indefinite reinvestment)	$ 3,215	$ 2,396	$ 1,973

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Amount	$ 6	$ 11	$ 19
Increases in unrecognized tax benefits—prior years	0	0	0
(Decreases) in unrecognized tax benefits—prior years	0	0	(7)
Increases in unrecognized tax benefits—current year	0	0	0
(Decreases) in unrecognized tax benefits—current year	0	0	0
Settlements with taxing authorities	0	(5)	(1)
Amount	6	6	11
Unrecognized tax benefits that, if recognized, would favorably impact the effective rate	$ 6	$ 6	$ 11

Income Taxes (Amounts Recognize

Income Taxes (Amounts Recognized for Tax Related Interest and Penalties) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Interest and penalties recognized in the consolidated statements of operations	$ 0	$ 2	$ 1
Interest and penalties recognized in liabilities in the consolidated statements of financial position	$ 4	$ 4

Fair Value of Assets and Lia155

Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	[1]	$ 290,323	$ 299,090
Equity securities, available-for-sale		9,274	9,861
Commercial mortgage and other loans	[1]	50,559	46,432
Other Long Term Investments	[1]	9,986	10,921
Short-term investments		8,105	8,258
Other assets	[1]	14,358	13,379
Separate account assets		285,570	296,435
TOTAL ASSETS		757,388	766,655
Future policy benefits		224,384	217,766
Total liabilities		715,465	724,306
Netting		11,457	12,332
Embedded Derivative, Fair Value of Embedded Derivative Liability		8,400	8,200
Gross Asset Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset		700	600
Gross Liability Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Liability		9,100	8,800
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		290,323	299,090
Trading account assets		34,980	31,137
Equity securities, available-for-sale		9,274	9,861
Commercial mortgage and other loans		274	380
Other Long Term Investments		1,595	1,772
Short-term investments		7,487	7,735
Cash equivalents		14,208	11,845
Other assets		16	115
Subtotal excluding separate account assets		358,157	361,935
Separate account assets		285,570	296,435
TOTAL ASSETS		643,727	658,370
Future policy benefits		8,434	8,182
Other liabilities		33	228
Notes issued by consolidated VIEs		8,597	6,033
Total liabilities		17,064	14,443
Assets Netting		(11,457)	(12,332)
Liabilities Netting		(5,276)	(6,661)
Netting		6,181	5,671
Fair Value, Measurements, Recurring | All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Netting		(11,447)	(12,321)
Fair Value, Measurements, Recurring | Other long-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Netting		(10)	(11)
Fair Value, Measurements, Recurring | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities Netting		(5,276)	(6,661)
Fair Value, Measurements, Recurring | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		18,517	20,123
Trading account assets - debt		288	399
Fair Value, Measurements, Recurring | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		8,795	6,531
Trading account assets - debt		189	199
Fair Value, Measurements, Recurring | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		83,713	80,941
Trading account assets - debt		731	717
Fair Value, Measurements, Recurring | U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		75,368	80,066
Fair Value, Measurements, Recurring | U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		30,444	30,761
Fair Value, Measurements, Recurring | Foreign corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		28,554	31,068
Fair Value, Measurements, Recurring | Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		19,138	18,481
Fair Value, Measurements, Recurring | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account assets - debt		23,328	20,270
Fair Value, Measurements, Recurring | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		10,226	11,185
Trading account assets - debt		1,345	1,243
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		10,462	13,877
Trading account assets - debt		1,873	2,561
Fair Value, Measurements, Recurring | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		5,106	6,057
Trading account assets - debt		1,513	1,774
Fair Value, Measurements, Recurring | Equity securities, available-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account assets - Equity securities		2,352	2,291
Fair Value, Measurements, Recurring | All Other Activity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account assets - All other		3,361	1,683
Fair Value, Measurements, Recurring | All Other Activity | All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Netting		(11,447)	(12,321)
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		0	0
Trading account assets		2,172	1,590
Equity securities, available-for-sale		6,011	6,688
Commercial mortgage and other loans		0	0
Other Long Term Investments		13	12
Short-term investments		6,776	5,263
Cash equivalents		4,834	2,657
Other assets		0	4
Subtotal excluding separate account assets		19,806	16,214
Separate account assets		43,076	48,063
TOTAL ASSETS		62,882	64,277
Future policy benefits		0	0
Other liabilities		1	1
Notes issued by consolidated VIEs		0	0
Total liabilities		1	1
Fair Value, Measurements, Recurring | Level 1 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		0	0
Trading account assets - debt		0	0
Fair Value, Measurements, Recurring | Level 1 | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		0	0
Trading account assets - debt		0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		0	0
Trading account assets - debt		0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		0	0
Fair Value, Measurements, Recurring | Level 1 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account assets - debt		0	0
Fair Value, Measurements, Recurring | Level 1 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		0	0
Trading account assets - debt		0	0
Fair Value, Measurements, Recurring | Level 1 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		0	0
Trading account assets - debt		0	0
Fair Value, Measurements, Recurring | Level 1 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		0	0
Trading account assets - debt		0	0
Fair Value, Measurements, Recurring | Level 1 | Equity securities, available-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account assets - Equity securities		1,542	1,396
Fair Value, Measurements, Recurring | Level 1 | All Other Activity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account assets - All other		630	194
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		284,703	293,424
Trading account assets		42,821	40,648
Equity securities, available-for-sale		2,997	2,898
Commercial mortgage and other loans		274	380
Other Long Term Investments		212	224
Short-term investments		711	2,472
Cash equivalents		9,374	9,188
Other assets		9	109
Subtotal excluding separate account assets		341,101	349,343
Separate account assets		214,838	223,710
TOTAL ASSETS		555,939	573,053
Future policy benefits		0	0
Other liabilities		5,306	6,883
Notes issued by consolidated VIEs		0	0
Total liabilities		5,306	6,883
Fair Value, Measurements, Recurring | Level 2 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		18,517	20,123
Trading account assets - debt		288	399
Fair Value, Measurements, Recurring | Level 2 | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		8,789	6,525
Trading account assets - debt		189	199
Fair Value, Measurements, Recurring | Level 2 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		83,590	80,939
Trading account assets - debt		697	696
Fair Value, Measurements, Recurring | Level 2 | U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		75,163	79,709
Fair Value, Measurements, Recurring | Level 2 | U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		29,750	30,238
Fair Value, Measurements, Recurring | Level 2 | Foreign corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		28,510	30,816
Fair Value, Measurements, Recurring | Level 2 | Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		18,859	18,310
Fair Value, Measurements, Recurring | Level 2 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account assets - debt		23,125	20,146
Fair Value, Measurements, Recurring | Level 2 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		6,178	7,126
Trading account assets - debt		749	850
Fair Value, Measurements, Recurring | Level 2 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		10,424	13,834
Trading account assets - debt		1,870	2,556
Fair Value, Measurements, Recurring | Level 2 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		4,923	5,804
Trading account assets - debt		1,509	1,767
Fair Value, Measurements, Recurring | Level 2 | Equity securities, available-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account assets - Equity securities		221	232
Fair Value, Measurements, Recurring | Level 2 | All Other Activity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account assets - All other		14,173	13,803
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		5,620	5,666
Trading account assets		1,434	1,220
Equity securities, available-for-sale		266	275
Commercial mortgage and other loans		0	0
Other Long Term Investments		1,380	1,547
Short-term investments		0	0
Cash equivalents		0	0
Other assets		7	2
Subtotal excluding separate account assets		8,707	8,710
Separate account assets		27,656	24,662
TOTAL ASSETS		36,363	33,372
Future policy benefits		8,434	8,182
Other liabilities		2	5
Notes issued by consolidated VIEs		8,597	6,033
Total liabilities		17,033	14,220
Fair Value, Measurements, Recurring | Level 3 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		0	0
Trading account assets - debt		0	0
Fair Value, Measurements, Recurring | Level 3 | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		6	6
Trading account assets - debt		0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		123	2
Trading account assets - debt		34	21
Fair Value, Measurements, Recurring | Level 3 | U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		205	357
Fair Value, Measurements, Recurring | Level 3 | U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		694	523
Fair Value, Measurements, Recurring | Level 3 | Foreign corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		44	252
Fair Value, Measurements, Recurring | Level 3 | Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		279	171
Fair Value, Measurements, Recurring | Level 3 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account assets - debt		203	124
Fair Value, Measurements, Recurring | Level 3 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		4,048	4,059
Trading account assets - debt		596	393
Fair Value, Measurements, Recurring | Level 3 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		38	43
Trading account assets - debt		3	5
Fair Value, Measurements, Recurring | Level 3 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:		183	253
Trading account assets - debt		4	7
Fair Value, Measurements, Recurring | Level 3 | Equity securities, available-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account assets - Equity securities		589	663
Fair Value, Measurements, Recurring | Level 3 | All Other Activity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account assets - All other		$ 5	$ 7
[1]	See Note 5 for details of balances associated with variable interest entities.

Fair Value of Assets and Lia156

Fair Value of Assets and Liabilities (Narrative) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value Disclosures [Abstract]
Fair Value Assets Level 1 To Level 2 Transfers		$ 200,000,000	$ 2,100,000,000
Fair Value Assets Level 2 to Level 1 Transfers		200,000,000	100,000,000
Fair Value Reporting [Line Items]
Total commercial mortgage and other loans	[1]	50,559,000,000	46,432,000,000
Other Long Term Investments	[1]	9,986,000,000	10,921,000,000
Notes Of Consolidated Variable Interest Entities	[1]	8,597,000,000	6,058,000,000
Interest Expense		1,306,000,000	1,908,000,000	$ 1,409,000,000
Fair Value Option
Fair Value Reporting [Line Items]
Interest income recorded on certain commercial loans		11,000,000	11,000,000	10,000,000
Commercial mortgage and other loans		274,000,000	380,000,000
Contractual principal amounts of commercial mortgage loans, for which the fair value option has been elected		270,000,000	372,000,000
Other Long Term Investments		1,322,000,000	1,082,000,000
Notes Of Consolidated Variable Interest Entities		8,597,000,000	6,033,000,000
Notes Of Vies Contractual Principle Amount		9,186,000,000	6,216,000,000
Interest Expense		351,000,000	200,000,000	$ 106,000,000
Non Accrual Loans
Fair Value Reporting [Line Items]
Commercial mortgage and other loans		0
Contractual principal amounts of commercial mortgage loans, for which the fair value option has been elected		0
Fair Value, Measurements, Recurring
Fair Value Reporting [Line Items]
Total commercial mortgage and other loans		274,000,000	380,000,000
Other Long Term Investments		$ 1,595,000,000	$ 1,772,000,000
Level 3 | Minimum | Market comparables | Separate Account Assets
Fair Value Reporting [Line Items]
Fair Value Inputs, Cap Rate		4.25%	4.50%
Discount rate		5.75%	6.00%
Fair Value Inputs Yield To Maturity		0.75%	0.77%
Fair Value Inputs Market Spread Over Base Rate		1.27%	1.50%
Level 3 | Minimum | Discounted cash flow | Separate Account Assets
Fair Value Reporting [Line Items]
Fair Value Inputs Credit Risk		1.49%	1.17%
Level 3 | Maximum | Market comparables | Separate Account Assets
Fair Value Reporting [Line Items]
Fair Value Inputs, Cap Rate		10.00%	9.75%
Discount rate		14.00%	15.00%
Fair Value Inputs Yield To Maturity		5.59%	6.76%
Fair Value Inputs Market Spread Over Base Rate		4.20%	4.76%
Level 3 | Maximum | Discounted cash flow | Separate Account Assets
Fair Value Reporting [Line Items]
Fair Value Inputs Credit Risk		4.81%	8.39%
Level 3 | Weighted Average | Market comparables | Separate Account Assets
Fair Value Reporting [Line Items]
Fair Value Inputs, Cap Rate		5.76%	6.05%
Discount rate		6.97%	7.36%
Fair Value Inputs Yield To Maturity		3.24%	4.02%
Fair Value Inputs Market Spread Over Base Rate		2.12%	2.67%
Level 3 | Weighted Average | Discounted cash flow | Separate Account Assets
Fair Value Reporting [Line Items]
Fair Value Inputs Credit Risk		1.79%	1.44%
Level 3 | Fair Value, Measurements, Recurring
Fair Value Reporting [Line Items]
Total commercial mortgage and other loans		$ 0	$ 0
Other Long Term Investments		1,380,000,000	1,547,000,000
Level 3 | Fair Value, Measurements, Recurring | Internal
Fair Value Reporting [Line Items]
Other Long Term Investments		33,000,000	1,000,000
Level 3 | Fair Value, Measurements, Recurring | Separate Accounts Assets | Internal
Fair Value Reporting [Line Items]
Real Estate Investments, Net		25,302,000,000	22,641,000,000
Total commercial mortgage and other loans		$ 960,000,000	$ 943,000,000
[1]	See Note 5 for details of balances associated with variable interest entities.

Fair Value of Assets and Lia157

Fair Value of Assets and Liabilities (Level 3 by Pricing Source) (Details) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other long-term investments	[1]	$ 9,986	$ 10,921
Separate account assets		285,570	296,435
TOTAL ASSETS		757,388	766,655
Future policy benefits		224,384	217,766
Total liabilities		715,465	724,306
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other long-term investments		1,595	1,772
Subtotal excluding separate account assets		358,157	361,935
Separate account assets		285,570	296,435
TOTAL ASSETS		643,727	658,370
Future policy benefits		8,434	8,182
Other liabilities		33	228
Notes issued by consolidated VIEs		8,597	6,033
Total liabilities		17,064	14,443
Level 3 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities		855	938
Other long-term investments		1,380	1,547
Other assets		12	9
Subtotal excluding separate account assets		8,707	8,710
Separate account assets		27,656	24,662
TOTAL ASSETS		36,363	33,372
Future policy benefits		8,434	8,182
Other liabilities		2	5
Notes issued by consolidated VIEs		8,597	6,033
Total liabilities		17,033	14,220
Level 3 | Fair Value, Measurements, Recurring | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		6	6
Level 3 | Fair Value, Measurements, Recurring | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		157	23
Level 3 | Fair Value, Measurements, Recurring | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		1,425	1,427
Level 3 | Fair Value, Measurements, Recurring | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		4,644	4,452
Level 3 | Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		41	48
Level 3 | Fair Value, Measurements, Recurring | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		187	260
Level 3 | Fair Value, Measurements, Recurring | Internal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities		63	140
Other long-term investments		33	1
Other assets		12	9
Subtotal excluding separate account assets		1,390	1,125
Separate account assets		26,326	23,632
TOTAL ASSETS		27,716	24,757
Future policy benefits		8,434	8,182
Other liabilities		2	2
Notes issued by consolidated VIEs		0	0
Total liabilities		8,436	8,184
Level 3 | Fair Value, Measurements, Recurring | Internal | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		6	6
Level 3 | Fair Value, Measurements, Recurring | Internal | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		0	0
Level 3 | Fair Value, Measurements, Recurring | Internal | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		1,085	752
Level 3 | Fair Value, Measurements, Recurring | Internal | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		149	150
Level 3 | Fair Value, Measurements, Recurring | Internal | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		5	10
Level 3 | Fair Value, Measurements, Recurring | Internal | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		37	57
Level 3 | Fair Value, Measurements, Recurring | External
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities		792	798
Other long-term investments		1,347	1,546
Other assets		0	0
Subtotal excluding separate account assets		7,317	7,585
Separate account assets		1,330	1,030
TOTAL ASSETS		8,647	8,615
Future policy benefits		0	0
Other liabilities		0	3
Notes issued by consolidated VIEs		8,597	6,033
Total liabilities		8,597	6,036
Level 3 | Fair Value, Measurements, Recurring | External | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		0	0
Level 3 | Fair Value, Measurements, Recurring | External | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		157	23
Level 3 | Fair Value, Measurements, Recurring | External | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		340	675
Level 3 | Fair Value, Measurements, Recurring | External | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		4,495	4,302
Level 3 | Fair Value, Measurements, Recurring | External | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		36	38
Level 3 | Fair Value, Measurements, Recurring | External | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities		$ 150	$ 203
[1]	See Note 5 for details of balances associated with variable interest entities.

Fair Value of Assets and Lia158

Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Fair Value Quantiative Information [Line Items]
Future policy benefits	$ 224,384	$ 217,766
Fair Value, Measurements, Recurring
Fair Value Quantiative Information [Line Items]
Future policy benefits	$ 8,434	$ 8,182
Level 3 | Minimum
Fair Value Quantiative Information [Line Items]
Fair Value Inputs, Policyholder Age	35 years
Level 3 | Minimum | Future policy benefits
Fair Value Quantiative Information [Line Items]
Mortality rate	0.00%
Level 3 | Minimum | Discounted cash flow | Future policy benefits
Fair Value Quantiative Information [Line Items]
Lapse rate	0.00%	0.00%
NPR spread	0.06%	0.00%
Utilization rate	56.00%	63.00%
Withdrawal rate	74.00%	74.00%
Mortality rate	0.00%	0.00%
Equity volatility curve	17.00%	17.00%
Level 3 | Minimum | Discounted cash flow | Corporate securities
Fair Value Quantiative Information [Line Items]
Discount rate	0.93%	0.84%
Level 3 | Minimum | Market comparables | Corporate securities
Fair Value Quantiative Information [Line Items]
EBITDA multiples	1.4	6.1
Level 3 | Minimum | Liquidation | Corporate securities
Fair Value Quantiative Information [Line Items]
Liquidation value	15.79%	22.12%
Level 3 | Maximum
Fair Value Quantiative Information [Line Items]
Fair Value Inputs, Policyholder Age	90 years
Level 3 | Maximum | Discounted cash flow | Future policy benefits
Fair Value Quantiative Information [Line Items]
Lapse rate	14.00%	14.00%
NPR spread	1.76%	1.30%
Utilization rate	96.00%	96.00%
Withdrawal rate	100.00%	100.00%
Mortality rate	14.00%	14.00%
Equity volatility curve	28.00%	28.00%
Level 3 | Maximum | Discounted cash flow | Corporate securities
Fair Value Quantiative Information [Line Items]
Discount rate	25.00%	15.00%
Level 3 | Maximum | Market comparables | Corporate securities
Fair Value Quantiative Information [Line Items]
EBITDA multiples	5	7
Level 3 | Maximum | Liquidation | Corporate securities
Fair Value Quantiative Information [Line Items]
Liquidation value	29.33%	100.00%
Level 3 | Weighted Average | Discounted cash flow | Corporate securities
Fair Value Quantiative Information [Line Items]
Discount rate	7.66%	7.73%
Level 3 | Weighted Average | Market comparables | Corporate securities
Fair Value Quantiative Information [Line Items]
EBITDA multiples	3.7	6.1
Level 3 | Weighted Average | Liquidation | Corporate securities
Fair Value Quantiative Information [Line Items]
Liquidation value	17.77%	82.92%
Level 3 | Fair Value, Measurements, Recurring
Fair Value Quantiative Information [Line Items]
Future policy benefits	$ 8,434	$ 8,182
Level 3 | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Quantiative Information [Line Items]
Fair Value	1,425	1,427
Level 3 | Internal | Fair Value, Measurements, Recurring
Fair Value Quantiative Information [Line Items]
Future policy benefits	8,434	8,182
Level 3 | Internal | Fair Value, Measurements, Recurring | Future policy benefits
Fair Value Quantiative Information [Line Items]
Future policy benefits	8,434	8,182
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Quantiative Information [Line Items]
Fair Value	$ 1,085	$ 752

Fair Value of Assets and Lia159

Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Equity securities, available-for-sale
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	$ 275	$ 304	$ 330
Included in earnings:
Realized investment gains (losses), net	15	8	13
Included in other comprehensive income (loss)	1	9	58
Purchases	31	24	37
Sales	(48)	(41)	(65)
Issuances	0	0	0
Settlements	(3)	0	(3)
Foreign currency translation	(7)	(29)	(53)
Other	0	1	(18)
Transfers into Level 3	2	7	6
Transfers out of Level 3	0	(8)	(1)
Fair Value, end of period	266	275	304
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	(3)	(2)	(5)
Other income	0	0	0
Equity securities, available-for-sale | Other income
Included in earnings:
Net investment income	0	0	0
Equity securities, available-for-sale | Net investment income
Included in earnings:
Net investment income	0	0
Notes issued by consolidated VIEs
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(6,033)	(3,254)	(1,406)
Included in earnings:
Realized investment gains (losses), net	287	201	17
Interest credited to policyholders’ account balances	0	0	0
Purchases	0	0	0
Sales	0	0	0
Issuances	(2,997)	(2,980)	(1,834)
Settlements	0	0	(31)
Foreign currency translation	0	0	0
Other	0	0	0
Transfers into Level 3	0	0	0
Transfers out of Level 3	0	0	0
Fair Value, end of period	(8,597)	(6,033)	(3,254)
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	287	201	17
Other income	146
Interest credited to policyholders’ account balances	0	0	0
Notes issued by consolidated VIEs | Other income
Included in earnings:
Net investment income	146
Notes issued by consolidated VIEs | Net investment income
Included in earnings:
Net investment income	0	0	0
Fixed Maturities Available-For-Sale | U.S. Government
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	0	0
Included in earnings:
Realized investment gains (losses), net		0	0
Included in other comprehensive income (loss)		0	0
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	0
Foreign currency translation		0	0
Other		0	0
Transfers into Level 3		0	0
Transfers out of Level 3		0	0
Fair Value, end of period		0	0
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net		0	0
Fixed Maturities Available-For-Sale | U.S. Government | Net investment income
Included in earnings:
Net investment income		0	0
Fixed Maturities Available-For-Sale | U.S. States
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	6	0	0
Included in earnings:
Realized investment gains (losses), net	0	0	0
Included in other comprehensive income (loss)	0	0	0
Purchases	15	2	0
Sales	(1)	(1)	0
Issuances	0	0	0
Settlements	0	0	0
Foreign currency translation	0	0	0
Other	0	0	0
Transfers into Level 3	0	5	0
Transfers out of Level 3	(14)	0	0
Fair Value, end of period	6	6	0
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0	0
Fixed Maturities Available-For-Sale | U.S. States | Net investment income
Included in earnings:
Net investment income	0	0	0
Fixed Maturities Available-For-Sale | Foreign Government
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	2	1	0
Included in earnings:
Realized investment gains (losses), net	0	0	0
Included in other comprehensive income (loss)	(3)	0	(1)
Purchases	20	2	4
Sales	0	0	(1)
Issuances	0	0	0
Settlements	0	0	(2)
Foreign currency translation	(4)	0	0
Other	0	0	0
Transfers into Level 3	129	0	13
Transfers out of Level 3	(21)	(1)	(12)
Fair Value, end of period	123	2	1
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0	0
Fixed Maturities Available-For-Sale | Foreign Government | Net investment income
Included in earnings:
Net investment income	0	0	0
Fixed Maturities Available-For-Sale | U.S. Corporate Public Securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	357	270	263
Included in earnings:
Realized investment gains (losses), net	0	0	0
Included in other comprehensive income (loss)	1	11	(4)
Purchases	33	232	107
Sales	(1)	(34)	(61)
Issuances	0	0	0
Settlements	(26)	(105)	(95)
Foreign currency translation	(3)	(13)	(7)
Other	0	0	0
Transfers into Level 3	23	61	222
Transfers out of Level 3	(180)	(64)	(155)
Fair Value, end of period	205	357	270
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0	0
Fixed Maturities Available-For-Sale | U.S. Corporate Public Securities | Net investment income
Included in earnings:
Net investment income	1	(1)	0
Fixed Maturities Available-For-Sale | U.S. Corporate Private Securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	523	343	650
Included in earnings:
Realized investment gains (losses), net	(14)	9	(40)
Included in other comprehensive income (loss)	(27)	2	(17)
Purchases	182	192	162
Sales	(43)	(22)	(43)
Issuances	0	0	0
Settlements	(110)	(231)	(347)
Foreign currency translation	0	0	0
Other	(3)	2	0
Transfers into Level 3	209	257	143
Transfers out of Level 3	(35)	(37)	(170)
Fair Value, end of period	694	523	343
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	(19)	(20)	(51)
Fixed Maturities Available-For-Sale | U.S. Corporate Private Securities | Net investment income
Included in earnings:
Net investment income	12	8	5
Fixed Maturities Available-For-Sale | Foreign Corporate Public Securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	252	487	566
Included in earnings:
Realized investment gains (losses), net	0	(8)	(1)
Included in other comprehensive income (loss)	6	52	30
Purchases	33	13	139
Sales	(51)	(217)	(14)
Issuances	0	0	0
Settlements	(32)	(13)	0
Foreign currency translation	(5)	(53)	(112)
Other	0	2	0
Transfers into Level 3	0	1	21
Transfers out of Level 3	(159)	(13)	(142)
Fair Value, end of period	44	252	487
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0	(1)
Fixed Maturities Available-For-Sale | Foreign Corporate Public Securities | Net investment income
Included in earnings:
Net investment income	0	1	0
Fixed Maturities Available-For-Sale | Foreign Corporate Private Securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	171	229	151
Included in earnings:
Realized investment gains (losses), net	(81)	19	11
Included in other comprehensive income (loss)	27	(20)	(27)
Purchases	108	388	69
Sales	0	(363)	(8)
Issuances	0	0	0
Settlements	(59)	(64)	(137)
Foreign currency translation	0	0	(8)
Other	0	0	0
Transfers into Level 3	140	0	187
Transfers out of Level 3	0	0	0
Fair Value, end of period	279	171	229
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	(68)	0	(1)
Fixed Maturities Available-For-Sale | Foreign Corporate Private Securities | Net investment income
Included in earnings:
Net investment income	(27)	(18)	(9)
Fixed Maturities Available-For-Sale | Asset-Backed
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	4,059	3,112	3,230
Included in earnings:
Realized investment gains (losses), net	40	17	29
Included in other comprehensive income (loss)	(37)	24	(6)
Purchases	1,234	2,743	2,412
Sales	(563)	(346)	(320)
Issuances	(4)	0	0
Settlements	(308)	(1,046)	(1,175)
Foreign currency translation	(13)	(60)	(22)
Other	3	53	(171)
Transfers into Level 3	2,555	1,164	10
Transfers out of Level 3	(2,939)	(1,619)	(912)
Fair Value, end of period	4,048	4,059	3,112
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	4	2	13
Fixed Maturities Available-For-Sale | Asset-Backed | Net investment income
Included in earnings:
Net investment income	21	17	37
Fixed Maturities Available-For-Sale | Commercial Mortgage- Backed
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	43	165	124
Included in earnings:
Realized investment gains (losses), net	1	4	37
Included in other comprehensive income (loss)	(1)	(1)	(19)
Purchases	44	869	438
Sales	0	(11)	(51)
Issuances	0	0	0
Settlements	(6)	(5)	(41)
Foreign currency translation	0	(1)	(9)
Other	0	0	0
Transfers into Level 3	2	0	0
Transfers out of Level 3	(45)	(977)	(314)
Fair Value, end of period	38	43	165
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0	0
Fixed Maturities Available-For-Sale | Commercial Mortgage- Backed | Net investment income
Included in earnings:
Net investment income	0	0	0
Fixed Maturities Available-For-Sale | Residential Mortgage- Backed
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	253	338	484
Included in earnings:
Realized investment gains (losses), net	0	0	0
Included in other comprehensive income (loss)	(2)	0	(2)
Purchases	0	0	0
Sales	(7)	0	0
Issuances	0	0	0
Settlements	(52)	(12)	(55)
Foreign currency translation	(8)	(18)	(88)
Other	0	(55)	1
Transfers into Level 3	0	0	0
Transfers out of Level 3	0	0	0
Fair Value, end of period	183	253	338
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0	0
Fixed Maturities Available-For-Sale | Residential Mortgage- Backed | Net investment income
Included in earnings:
Net investment income	(1)	0	(2)
Trading Account Assets | U.S. Government
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period		0	0
Included in earnings:
Realized investment gains (losses), net			0
Purchases			0
Sales			0
Issuances			0
Settlements			0
Foreign currency translation			0
Other			0
Transfers into Level 3			0
Transfers out of Level 3			0
Fair Value, end of period			0
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net			0
Other income			0
Trading Account Assets | U.S. Government | Other income
Included in earnings:
Net investment income			0
Trading Account Assets | U.S. Government | Net investment income
Included in earnings:
Net investment income			0
Trading Account Assets | Foreign Government
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	21	0
Included in earnings:
Realized investment gains (losses), net	0	0
Purchases	16	21
Sales	0	0
Issuances	0	0
Settlements	(3)	0
Foreign currency translation	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	34	21	0
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0
Other income	0	0
Trading Account Assets | Foreign Government | Other income
Included in earnings:
Net investment income	0	0
Trading Account Assets | Foreign Government | Net investment income
Included in earnings:
Net investment income	0	0
Trading Account Assets | Corporate securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	124	115	134
Included in earnings:
Realized investment gains (losses), net	0	0	0
Purchases	124	181	23
Sales	(15)	(160)	(13)
Issuances	0	0	0
Settlements	(39)	(10)	(49)
Foreign currency translation	0	0	0
Other	0	0	0
Transfers into Level 3	77	9	52
Transfers out of Level 3	(41)	(4)	(24)
Fair Value, end of period	203	124	115
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0	0
Other income	9	6	(7)
Trading Account Assets | Corporate securities | Other income
Included in earnings:
Net investment income	(28)	(7)
Net investment income			(8)
Trading Account Assets | Corporate securities | Net investment income
Included in earnings:
Net investment income	1	0	0
Trading Account Assets | Asset-Backed
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	393	395	419
Included in earnings:
Realized investment gains (losses), net	0	0	0
Purchases	325	119	319
Sales	(16)	(21)	(2)
Issuances	0	0	0
Settlements	(11)	(29)	(228)
Foreign currency translation	0	(2)	(6)
Other	0	2	(76)
Transfers into Level 3	272	47	2
Transfers out of Level 3	(361)	(119)	(45)
Fair Value, end of period	596	393	395
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0	0
Other income	(7)	0	7
Trading Account Assets | Asset-Backed | Other income
Included in earnings:
Net investment income	(7)	0
Net investment income			7
Trading Account Assets | Asset-Backed | Net investment income
Included in earnings:
Net investment income	1	1	5
Trading Account Assets | Commercial Mortgage- Backed
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	5	1	10
Included in earnings:
Realized investment gains (losses), net	0	0	0
Purchases	27	87	74
Sales	(3)	0	(1)
Issuances	0	0	0
Settlements	(2)	0	(2)
Foreign currency translation	0	0	(1)
Other	0	(1)	0
Transfers into Level 3	1	5	0
Transfers out of Level 3	(25)	(87)	(80)
Fair Value, end of period	3	5	1
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0	0
Other income	0	0	0
Trading Account Assets | Commercial Mortgage- Backed | Other income
Included in earnings:
Net investment income	0	0
Net investment income			0
Trading Account Assets | Commercial Mortgage- Backed | Net investment income
Included in earnings:
Net investment income	0	0	1
Trading Account Assets | Residential Mortgage- Backed
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	7	9	12
Included in earnings:
Realized investment gains (losses), net	0	0	0
Purchases	0	0	0
Sales	0	0	0
Issuances	0	0	0
Settlements	(2)	(1)	(3)
Foreign currency translation	0	0	(2)
Other	0	(1)	0
Transfers into Level 3	0	0	2
Transfers out of Level 3	(1)	0	(1)
Fair Value, end of period	4	7	9
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0	0
Other income	0	1	0
Trading Account Assets | Residential Mortgage- Backed | Other income
Included in earnings:
Net investment income	0	0
Net investment income			1
Trading Account Assets | Residential Mortgage- Backed | Net investment income
Included in earnings:
Net investment income	0	0	0
Trading Account Assets | Equity securities, available-for-sale
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	663	842	1,098
Included in earnings:
Realized investment gains (losses), net	0	1	0
Purchases	28	29	17
Sales	(26)	(64)	(140)
Issuances	0	0	0
Settlements	(40)	(84)	(43)
Foreign currency translation	(13)	(74)	(153)
Other	(8)	0	0
Transfers into Level 3	0	0	0
Transfers out of Level 3	0	0	0
Fair Value, end of period	589	663	842
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	1	0
Other income	6	16	50
Trading Account Assets | Equity securities, available-for-sale | Other income
Included in earnings:
Net investment income	(15)	13
Net investment income			63
Trading Account Assets | Equity securities, available-for-sale | Net investment income
Included in earnings:
Net investment income	0	0	0
Trading Account Assets | All Other Activity
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	7	6	25
Included in earnings:
Realized investment gains (losses), net	0	0	(16)
Purchases	0	0	0
Sales	(1)	0	0
Issuances	0	0	0
Settlements	0	0	(5)
Foreign currency translation	0	0	0
Other	0	0	0
Transfers into Level 3	0	0	0
Transfers out of Level 3	0	0	0
Fair Value, end of period	5	7	6
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0	(16)
Other income	(1)	1	2
Trading Account Assets | All Other Activity | Other income
Included in earnings:
Net investment income	(1)	1
Net investment income			2
Trading Account Assets | All Other Activity | Net investment income
Included in earnings:
Net investment income	0	0	0
Commercial Mortgage and Other Loans
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	0	48
Included in earnings:
Realized investment gains (losses), net		0	5
Included in other comprehensive income (loss)		0	0
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		0	(53)
Foreign currency translation		0	0
Other		0	0
Transfers into Level 3		0	0
Transfers out of Level 3		0	0
Fair Value, end of period		0	0
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net		0	0
Other income		0	0
Commercial Mortgage and Other Loans | Other income
Included in earnings:
Net investment income		0	0
Commercial Mortgage and Other Loans | Net investment income
Included in earnings:
Net investment income		0
Other Long-term Investments
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1,547	1,396	1,053
Included in earnings:
Realized investment gains (losses), net	23	(8)	0
Included in other comprehensive income (loss)	0	0	0
Purchases	481	240	439
Sales	(30)	(2)	0
Issuances	0	0	0
Settlements	(213)	(89)	(134)
Foreign currency translation	(52)	(9)	(13)
Other	(433)	(79)	(109)
Transfers into Level 3	0	5	0
Transfers out of Level 3	(1)	0	0
Fair Value, end of period	1,380	1,547	1,396
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	19	(8)	(2)
Other income	60	94	155
Other Long-term Investments | Other income
Included in earnings:
Net investment income	58	94	160
Other Long-term Investments | Net investment income
Included in earnings:
Net investment income	0	(1)
Other Assets
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	2	4	8
Included in earnings:
Realized investment gains (losses), net	0	0	(4)
Included in other comprehensive income (loss)	0	0	0
Purchases	0	0	0
Sales	0	0	0
Issuances	5	0	0
Settlements	0	(2)	0
Foreign currency translation	0	0	0
Other	0	0	0
Transfers into Level 3	0	0	0
Transfers out of Level 3	0	0	0
Fair Value, end of period	7	2	4
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	2	0	(3)
Other income	0	0	0
Other Assets | Other income
Included in earnings:
Net investment income	0	0	0
Other Assets | Net investment income
Included in earnings:
Net investment income	0	0
Separate Accounts Assets
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	24,662	22,603	21,132
Included in earnings:
Realized investment gains (losses), net	15	10	2
Interest credited to policyholders’ account balances	3,359	2,738	2,649
Purchases	3,495	1,801	1,653
Sales	(1,114)	(710)	(832)
Issuances	0	0	0
Settlements	(1,839)	(1,783)	(2,120)
Foreign currency translation	(5)	(1)	0
Other	(472)	0	140
Transfers into Level 3	51	100	89
Transfers out of Level 3	(520)	(120)	(130)
Fair Value, end of period	27,656	24,662	22,603
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	0	0	0
Other income	0
Interest credited to policyholders’ account balances	1,970	1,760	1,652
Separate Accounts Assets | Other income
Included in earnings:
Net investment income	0
Separate Accounts Assets | Net investment income
Included in earnings:
Net investment income	24	24	20
Future Policy Benefits
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(8,182)	(441)	(3,348)
Included in earnings:
Realized investment gains (losses), net	717	(6,831)	3,741
Interest credited to policyholders’ account balances	0	0	0
Purchases	0	0	0
Sales	0	0	0
Issuances	(969)	(910)	(836)
Settlements	0	0	0
Foreign currency translation	0	0	2
Other	0	0	0
Transfers into Level 3	0	0	0
Transfers out of Level 3	0	0	0
Fair Value, end of period	(8,434)	(8,182)	(441)
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	485	(6,853)	3,647
Other income	0
Interest credited to policyholders’ account balances	0	0	0
Future Policy Benefits | Other income
Included in earnings:
Net investment income	0
Future Policy Benefits | Net investment income
Included in earnings:
Net investment income	0	0	0
Other Liabilities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(5)	(5)	0
Included in earnings:
Realized investment gains (losses), net	1	2	(3)
Interest credited to policyholders’ account balances	0	0	0
Purchases	0	0	0
Sales	0	0	0
Issuances	0	0	0
Settlements	2	0	0
Foreign currency translation	0	0	0
Other	0	(2)	(2)
Transfers into Level 3	0	0	0
Transfers out of Level 3	0	0	0
Fair Value, end of period	(2)	(5)	(5)
Unrealized gains (losses) for assets still held included in earnings:
Realized investment gains (losses), net	1	2	(3)
Other income	0
Interest credited to policyholders’ account balances	0	0	0
Other Liabilities | Other income
Included in earnings:
Net investment income	0
Other Liabilities | Net investment income
Included in earnings:
Net investment income	$ 0	$ 0	$ 0

Fair Value of Assets and Lia160

Fair Value of Assets and Liabilities (Derivative Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	$ 2,728	$ 1,593
Netting	(11,457)	(12,332)
Total derivative liabilities	40	158
Netting	(5,276)	(6,661)
Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	10,579	10,595
Total derivative liabilities	4,578	4,954
Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	318	865
Total derivative liabilities	114	1,025
Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	3	7
Total derivative liabilities	53	30
Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	2,995	1,885
Total derivative liabilities	244	307
Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	290	572
Total derivative liabilities	327	503
Commodity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	1
Total derivative liabilities	0	0
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	15	11
Total derivative liabilities	3	3
Level 1 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	11	5
Total derivative liabilities	3	3
Level 1 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1 | Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	4	5
Total derivative liabilities	0	0
Level 1 | Commodity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	1
Total derivative liabilities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	14,131	13,903
Total derivative liabilities	5,311	6,813
Level 2 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	10,561	10,584
Total derivative liabilities	4,573	4,948
Level 2 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	318	865
Total derivative liabilities	114	1,025
Level 2 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	3	7
Total derivative liabilities	53	30
Level 2 | Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	2,995	1,885
Total derivative liabilities	244	307
Level 2 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	254	562
Total derivative liabilities	327	503
Level 2 | Commodity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	39	11
Total derivative liabilities	2	3
Level 3 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	7	6
Total derivative liabilities	2	3
Level 3 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 | Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	32	5
Total derivative liabilities	0	0
Level 3 | Commodity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	$ 0	$ 0

Fair Value of Assets and Lia161

Fair Value of Assets and Liabilities (Changes in Level 3 Derivative Assets and Liabilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Equity
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	$ 6	$ 0
Included in earnings:
Realized investment gains (losses), net	20	1
Other income	0	0
Purchases	9	0
Sales	(2)	0
Issuances	0	0
Settlements	0	0
Transfers into Level 3	0	5
Transfers out of Level 3	(1)	0
Fair Value, end of period	32	6
Included in earnings:
Realized investment gains (losses), net	20	1
Other income	0	0
Interest Rate
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	3	3
Included in earnings:
Realized investment gains (losses), net	2	0
Other income	0	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	5	3
Included in earnings:
Realized investment gains (losses), net	2	0
Other income	$ 0	$ 0

Fair Value of Assets and Lia162

Fair Value of Assets and Liabilities (Nonrecurring Fair Value Measurements) (Details) - Fair Value, Measurements, Nonrecurring - Level 3 - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commercial mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value	$ 0	$ 0	$ 27
Gains (Losses)	0	0	(9)
Mortgage servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value	90	89	100
Gains (Losses)	(7)	7	16
Cost method investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value	239	102	338
Gains (Losses)	$ (123)	$ (21)	$ (21)

Fair Value of Assets and Lia163

Fair Value of Assets and Liabilities (Changes in Fair Values Recorded in Earnings for FVO Assets-Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commercial mortgage and other loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Changes in instrument-specific credit risk	$ 0	$ 0	$ 0
Other changes in fair value	0	0	0
Other long-term investments
Fair Value, Option, Quantitative Disclosures [Line Items]
Changes in fair value	2	54	68
Notes issued by consolidated VIEs
Fair Value, Option, Quantitative Disclosures [Line Items]
Changes in fair value	$ (434)	$ (201)	$ (17)

Fair Value of Assets and Lia164

Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Assets:
Fixed maturities, held-to-maturity	[1]	$ 2,308	$ 2,575
Policy loans		11,657	11,712
Accrued investment income	[1]	3,110	3,130
Liabilities:
Securities sold under agreements to repurchase		7,882	9,407
Cash collateral for loaned securities		3,496	4,241
Short-term debt		1,216	3,839
Long-term debt		19,727	19,831
Fair Value
Assets:
Fixed maturities, held-to-maturity		2,624	2,902
Commercial mortgage and other loans		51,579	48,717
Policy loans		11,657	11,712
Other long-term investments		1,653	1,917
Short-term investments		618	523
Cash and cash equivalents		3,404	3,073
Accrued investment income		3,110	3,130
Other assets		3,122	2,358
Total assets		77,767	74,332
Liabilities:
Policyholders’ account balances—investment contracts		94,271	96,375
Securities sold under agreements to repurchase		7,882	9,407
Cash collateral for loaned securities		3,496	4,241
Short-term debt		1,221	3,888
Long-term debt		21,301	22,086
Notes issued by consolidated VIEs		0	18
Other liabilities		6,039	6,374
Separate account liabilities—investment contracts		102,245	106,976
Total liabilities		236,455	249,365
Fair Value | Level 1
Assets:
Fixed maturities, held-to-maturity		0	0
Commercial mortgage and other loans		0	0
Policy loans		0	0
Other long-term investments		0	0
Short-term investments		0	0
Cash and cash equivalents		2,832	2,230
Accrued investment income		0	0
Other assets		136	143
Total assets		2,968	2,373
Liabilities:
Policyholders’ account balances—investment contracts		0	0
Securities sold under agreements to repurchase		0	0
Cash collateral for loaned securities		0	0
Short-term debt		0	0
Long-term debt		1,328	1,285
Notes issued by consolidated VIEs		0	0
Other liabilities		0	0
Separate account liabilities—investment contracts		0	0
Total liabilities		1,328	1,285
Fair Value | Level 2
Assets:
Fixed maturities, held-to-maturity		1,543	1,703
Commercial mortgage and other loans		533	559
Policy loans		0	0
Other long-term investments		0	0
Short-term investments		617	523
Cash and cash equivalents		572	843
Accrued investment income		3,110	3,130
Other assets		2,334	2,106
Total assets		8,709	8,864
Liabilities:
Policyholders’ account balances—investment contracts		39,314	40,264
Securities sold under agreements to repurchase		7,882	9,407
Cash collateral for loaned securities		3,496	4,241
Short-term debt		1,221	3,784
Long-term debt		16,540	16,718
Notes issued by consolidated VIEs		0	0
Other liabilities		5,344	6,254
Separate account liabilities—investment contracts		69,978	82,801
Total liabilities		143,775	163,469
Fair Value | Level 3
Assets:
Fixed maturities, held-to-maturity		1,081	1,199
Commercial mortgage and other loans		51,046	48,158
Policy loans		11,657	11,712
Other long-term investments		1,653	1,917
Short-term investments		1	0
Cash and cash equivalents		0	0
Accrued investment income		0	0
Other assets		652	109
Total assets		66,090	63,095
Liabilities:
Policyholders’ account balances—investment contracts		54,957	56,111
Securities sold under agreements to repurchase		0	0
Cash collateral for loaned securities		0	0
Short-term debt		0	104
Long-term debt		3,433	4,083
Notes issued by consolidated VIEs		0	18
Other liabilities		695	120
Separate account liabilities—investment contracts		32,267	24,175
Total liabilities		91,352	84,611
Carrying Amount
Assets:
Fixed maturities, held-to-maturity		2,308	2,575
Commercial mortgage and other loans		50,285	46,052
Policy loans		11,657	11,712
Other long-term investments		1,563	1,712
Short-term investments		618	523
Cash and cash equivalents		3,404	3,073
Accrued investment income		3,110	3,130
Other assets		3,122	2,358
Total assets		76,067	71,135
Liabilities:
Policyholders’ account balances—investment contracts		93,937	95,069
Securities sold under agreements to repurchase		7,882	9,407
Cash collateral for loaned securities		3,496	4,241
Short-term debt		1,216	3,839
Long-term debt		19,727	19,831
Notes issued by consolidated VIEs		0	25
Other liabilities		6,039	6,374
Separate account liabilities—investment contracts		102,245	106,976
Total liabilities		$ 234,542	$ 245,762
[1]	See Note 5 for details of balances associated with variable interest entities.

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Total derivative assets	$ 2,728,000,000	$ 1,593,000,000
Total derivative liabilities	40,000,000	158,000,000
Anticipated pre-tax loss reclassified from accumulated other comprehensive income (loss) to earnings	$ 106,000,000
Max length of time hedged in cash flow hedge	30 years
Net investment hedges income (loss) before taxes	$ 541,000,000	501,000,000	$ 356,000,000
Derivative [Line Items]
Notional of credit derivative	500,000,000	500,000,000
Fair value of credit derivative liability	15,000,000	4,000,000
Credit protection derivatives outstanding notional amounts	532,000,000	573,000,000
Purchased credit protection, Liability	8,000,000	17,000,000
Single Name
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	106,000,000	5,000,000
Credit Risk Derivatives, at Fair Value, Net Asset (Liability) (less than for single name in 2014)	$ (3,000,000)	1,000,000
Credit Derivatives Written Max Length Of Maturities (less than)	5 years
Single Name | NAIC 3
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	$ 4,000,000
Single Name | NAIC 5
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	2,000,000
Single Name | NAIC 6
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	3,000,000
Single Name | NAIC 1
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	37,000,000
Single Name | NAIC 2
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	60,000,000
Credit Default Index
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	701,000,000	1,544,000,000
Credit Risk Derivatives, at Fair Value, Net Asset (Liability) (less than for single name in 2014)	$ (24,000,000)	$ (2,000,000)
Credit Derivatives Written Max Length Of Maturities (less than)	42 years
Credit Default Index | NAIC 5
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	$ 251,000,000
Credit Default Index | NAIC 1
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	$ 450,000,000

Derivative Instruments (Gross N

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Derivative [Line Items]
Notional	$ 427,550	$ 439,280
Assets	14,192	13,932
Liabilities	(5,316)	(6,817)
Net Embedded Derivative Liability	8,408	8,162
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	14,493	12,929
Assets	1,619	705
Liabilities	(154)	(366)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	413,057	426,351
Assets	12,573	13,227
Liabilities	(5,162)	(6,451)
Interest Rate Swaps | Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	1,431	1,714
Assets	20	21
Liabilities	(148)	(191)
Interest Rate Swaps | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	173,091	182,937
Assets	10,161	9,904
Liabilities	(4,232)	(4,578)
Interest Rate Futures | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	28,209	32,008
Assets	11	5
Liabilities	(3)	(3)
Interest Rate Options | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	40,056	27,561
Assets	387	663
Liabilities	(196)	(180)
Interest Rate Forwards | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	86	877
Assets	0	2
Liabilities	0	(1)
Foreign Currency Forwards | Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	323	443
Assets	7	5
Liabilities	(1)	(14)
Foreign Currency Forwards | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	17,400	21,197
Assets	311	854
Liabilities	(113)	(1,011)
Foreign Currency Options | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	93	203
Assets	0	6
Liabilities	0	0
Foreign Currency Swaps | Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	12,739	10,772
Assets	1,592	679
Liabilities	(5)	(161)
Foreign Currency Swaps | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	11,607	11,083
Assets	1,404	1,207
Liabilities	(238)	(145)
Credit Default Swaps | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	1,839	2,622
Assets	3	7
Liabilities	(53)	(30)
Equity Futures | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	249	331
Assets	2	3
Liabilities	0	0
Equity Options | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	48,958	57,590
Assets	159	504
Liabilities	(118)	(41)
Total Return Swaps | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	18,804	15,217
Assets	128	65
Liabilities	(209)	(462)
Commodity Futures | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	80	18
Assets	0	1
Liabilities	0	0
Synthetic GICs | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	72,585	74,707
Assets	7	6
Liabilities	$ 0	$ 0

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Derivatives
Gross Amounts of Recognized Financial Instruments	$ 14,192	$ 13,932
Securities purchased under agreement to resell
Gross Amounts of Recognized Financial Instruments	776	702
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts Presented in the Statement of Financial Position	776	702
Financial Instruments/Collateral	(776)	(702)
Net Amount	0	0
Total Assets
Gross Amounts of Recognized Financial Instruments	14,804	14,488
Gross Amounts Offset in the Statement of Financial Position	(11,457)	(12,332)
Net Amounts Presented in the Statement of Financial Position	3,347	2,156
Financial Instruments/Collateral	(2,072)	(1,325)
Net Amount	1,275	831
Derivatives
Gross Amounts of Recognized Financial Instruments	5,316	6,817
Securities sold under agreement to repurchase
Gross Amounts of Recognized Financial Instruments	7,882	9,407
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts Presented in the Statement of Financial Position	7,882	9,407
Financial Instruments/Collateral	(7,882)	(9,407)
Net Amount	0	0
Total Liabilities
Gross Amounts of Recognized Financial Instruments	13,192	16,217
Gross Amounts Offset in the Statement of Financial Position	(5,276)	(6,661)
Net Amounts Presented in the Statement of Financial Position	7,916	9,556
Financial Instruments/Collateral	(7,896)	(9,556)
Net Amount	20	0
Counterparty
Derivatives
Gross Amounts of Recognized Financial Instruments	14,028	13,786
Gross Amounts Offset in the Statement of Financial Position	(11,457)	(12,332)
Net Amounts Presented in the Statement of Financial Position	2,571	1,454
Financial Instruments/Collateral	(1,296)	(623)
Net Amount	1,275	831
Derivatives
Gross Amounts of Recognized Financial Instruments	5,310	6,810
Gross Amounts Offset in the Statement of Financial Position	(5,276)	(6,661)
Net Amounts Presented in the Statement of Financial Position	34	149
Financial Instruments/Collateral	(14)	(149)
Net Amount	$ 20	$ 0

Derivative Instruments (Financi

Derivative Instruments (Financial Statement Classification and Impact of Derivatives Used in Qualifying and Non-qualifying Hedge Relationships) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 2,008	$ (188)	$ (5,626)
Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	30	(51)	(70)
Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	151	72	(97)
Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(7)	(22)	(23)
Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	2	20
AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	999	797	50
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	47	(13)	23
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(45)	(58)	(72)
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	2	20
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	29	(4)	103
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Interest Rate | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(44)	(57)	(71)
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Interest Rate | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Interest Rate | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Interest Rate | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	2	20
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Interest Rate | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Currency | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	18	(9)	(80)
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Currency | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)	(1)	(1)
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Currency | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Currency | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Currency | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Fair value hedges | Currency | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	75	7	2
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	146	67	(91)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(7)	(22)	(23)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	959	652	(189)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(7)	(22)	(23)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	2	38	26
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	75	7	2
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	146	67	(91)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	957	614	(215)
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	(4)
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	40	145	239
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Currency | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Currency | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Currency | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	(4)
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Currency | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Currency | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Currency | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	9	17	6
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Currency/Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Currency/Interest Rate | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Currency/Interest Rate | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Currency/Interest Rate | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Currency/Interest Rate | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Net investment hedges | Currency/Interest Rate | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	31	128	233
Derivatives Not Qualifying as Hedge Accounting Instruments: | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	1,961	(175)	(5,649)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	5	5	(2)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	1,394	7,623	(5,254)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(124)	(562)	(591)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(2)	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	563	1,124	131
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	7	5	(2)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(5)	(22)	(4)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(591)	(1,605)	(3,684)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Commodity | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	1	1
Derivatives Not Qualifying as Hedge Accounting Instruments: | Commodity | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Commodity | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Commodity | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Commodity | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Commodity | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Realized Investment Gains (Losses)
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	724	(6,734)	3,752
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Net Investment Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Other Income
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Interest Credited To Policyholders’ Account Balances
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | AOCI
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0	$ 0

Derivative Instruments (Current

Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
AOCI Including Portion Attributable to Noncontrolling Interest, Before Tax [Roll Forward]
Beginning Balance	$ 206	$ (446)	$ (257)
Net deferred gains (losses) on cash flow hedges for the period	1,199	706	(317)
Amount reclassified into current period earnings	(240)	(54)	128
Ending Balance	$ 1,165	$ 206	$ (446)

Segment Information (Narrative)

Segment Information (Narrative) (Details) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2014USD ($)	Dec. 31, 2015USD ($)divisionsegment	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Segment Reporting [Abstract]
Number of divisions | division		4
Number of Reportable Segments | segment		7
Segment Reporting Information [Line Items]
Total deferred gain (loss)		$ 182
Synthetic Gic Fees		158	$ 168	$ 157
Realized investment gains (losses), net, and related adjustments
Segment Reporting Information [Line Items]
Derivative, Gain (Loss) on Derivative, Net, Terminated Or Offset Before Maturity		55	105	72
Gain (Loss) From Derivative Counterparty Exposure Adjustments		0	19	146
Gain (Loss) From Non-Performance Risk Adjustments		8	(1)	$ 30
Group Insurance
Segment Reporting Information [Line Items]
Out of Period Adjustment Increase/Benefit (Decrease/Charge)			(84)
International Insurance
Segment Reporting Information [Line Items]
Out of Period Adjustment Increase/Benefit (Decrease/Charge)			(73)
Included In Operating Measure
Segment Reporting Information [Line Items]
Out of Period Adjustment Increase/Benefit (Decrease/Charge)			(193)
Income From Continuing Operations Before Income Taxes And Equity In Earnings Of Operating Joint Ventures
Segment Reporting Information [Line Items]
Out of Period Adjustment Increase/Benefit (Decrease/Charge)	$ (156)	$ 84	$ (193)

Segment Information (Operating

Segment Information (Operating Income of Reportable Segments) (Reconciling Items) (Details) - Realized investment gains (losses), net, and related adjustments - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Terminated hedges of foreign currency earnings	$ 284	$ 293	$ 240
Current period yield adjustments	475	476	445
Principal source of earnings	123	100	122
Other trading account assets	(94)	(21)	168
Foreign currency exchange movements	69	(3,023)	(4,060)
Other activities	$ 9	$ 13	$ 167

Segment Information (Operati172

Segment Information (Operating Income of Reportable Segments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	$ 7,769	$ 1,759	$ (1,684)
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	6,231	5,892	6,369
Operating Segments | Total U.S. Retirement Solutions and Investment Management division
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	3,507	3,467	3,847
Operating Segments | Total U.S. Retirement Solutions and Investment Management division | Individual Annuities
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	1,797	1,467	2,085
Operating Segments | Total U.S. Retirement Solutions and Investment Management division | Retirement
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	931	1,215	1,039
Operating Segments | Total U.S. Retirement Solutions and Investment Management division | Asset Management
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	779	785	723
Operating Segments | Total U.S. Individual Life and Group Insurance division
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	811	521	740
Operating Segments | Total U.S. Individual Life and Group Insurance division | Individual Life
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	635	498	583
Operating Segments | Total U.S. Individual Life and Group Insurance division | Group Insurance
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	176	23	157
Operating Segments | Total International Insurance division
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	3,226	3,252	3,152
Operating Segments | Total International Insurance division | International Insurance
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	3,226	3,252	3,152
Operating Segments | Total Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	(1,313)	(1,348)	(1,370)
Operating Segments | Total Corporate and Other | Corporate and Other operations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	(1,313)	(1,348)	(1,370)
Realized investment gains (losses), net, and related adjustments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	2,258	(3,588)	(9,956)
Charges related to realized investment gains (losses), net
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	(679)	(542)	1,807
Investment gains (losses) on trading account assets supporting insurance liabilities, net
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	(524)	339	(250)
Change in experience-rated contractholder liabilities due to asset value changes
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	433	(294)	227
Divested businesses: | Closed Block division
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	58	0	0
Divested businesses: | Other divested businesses
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	(66)	167	29
Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	58	44	28
Subtotal
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	7,769	2,018	(1,746)
Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures for Closed Block Business
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures	$ 0	$ (259)	$ 62

Segment Information (Certain Fi

Segment Information (Certain Financial Information for the Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Assets	$ 757,388				$ 766,655				$ 757,388	$ 766,655
Revenues	14,256	$ 13,599	$ 13,712	$ 15,552	15,725	$ 12,380	$ 13,146	$ 12,854	57,119	54,105	$ 41,461
Net Investment Income									14,829	15,256	14,729
Policyholders’ Benefits									30,627	31,587	26,733
Interest Credited to Policyholders’ Account Balances									3,479	4,263	3,111
Dividends to Policyholders									2,212	2,716	2,050
Interest Expense									1,306	1,908	1,409
Amortization of DAC									2,120	1,973	240
Operating Segments
Segment Reporting Information [Line Items]
Assets	757,388				766,655				757,388	766,655
Revenues									48,630	49,644	45,281
Net Investment Income									11,958	12,046	11,530
Policyholders’ Benefits									26,616	27,457	23,170
Interest Credited to Policyholders’ Account Balances									3,585	3,720	3,702
Dividends to Policyholders									82	82	140
Interest Expense									1,302	1,308	1,260
Amortization of DAC									1,631	1,853	1,394
Operating Segments | Total U.S. Retirement Solutions and Investment Management division
Segment Reporting Information [Line Items]
Assets	395,121				404,839				395,121	404,839
Revenues									19,460	19,627	13,171
Net Investment Income									4,796	4,959	4,847
Policyholders’ Benefits									8,666	8,817	2,538
Interest Credited to Policyholders’ Account Balances									1,804	1,905	1,910
Dividends to Policyholders									(2)	0	0
Interest Expense									104	142	128
Amortization of DAC									550	594	297
Operating Segments | Total U.S. Individual Life and Group Insurance division
Segment Reporting Information [Line Items]
Assets	111,200				111,277				111,200	111,277
Revenues									10,376	10,583	10,138
Net Investment Income									2,255	2,233	1,991
Policyholders’ Benefits									6,113	6,323	6,168
Interest Credited to Policyholders’ Account Balances									901	854	808
Dividends to Policyholders									33	32	33
Interest Expense									558	542	414
Amortization of DAC									139	353	121
Operating Segments | Total International Insurance division
Segment Reporting Information [Line Items]
Assets	175,153				171,635				175,153	171,635
Revenues									19,364	20,066	22,540
Net Investment Income									4,357	4,434	4,306
Policyholders’ Benefits									11,821	12,234	14,499
Interest Credited to Policyholders’ Account Balances									880	961	984
Dividends to Policyholders									51	50	107
Interest Expense									5	4	3
Amortization of DAC									989	961	1,011
Operating Segments | Total Corporate and Other
Segment Reporting Information [Line Items]
Assets	13,787				8,013				13,787	8,013
Revenues									(570)	(632)	(568)
Net Investment Income									550	420	386
Policyholders’ Benefits									16	83	(35)
Interest Credited to Policyholders’ Account Balances									0	0	0
Dividends to Policyholders									0	0	0
Interest Expense									635	620	715
Amortization of DAC									(47)	(55)	(35)
Operating Segments | Closed Block Business
Segment Reporting Information [Line Items]
Assets	62,127				70,891				62,127	70,891
Revenues										6,906	6,036
Net Investment Income										3,007	3,016
Policyholders’ Benefits										3,326	3,334
Interest Credited to Policyholders’ Account Balances										136	136
Dividends to Policyholders										2,635	1,910
Interest Expense										597	148
Amortization of DAC										37	37
Realized investment gains (losses), net, and related adjustments
Segment Reporting Information [Line Items]
Revenues									2,258	(3,588)	(9,960)
Net Investment Income									1	(5)	(13)
Policyholders’ Benefits									0	0	0
Interest Credited to Policyholders’ Account Balances									0	0	0
Dividends to Policyholders									0	0	0
Interest Expense									0	0	0
Amortization of DAC									0	0	0
Charges related to realized investment gains (losses), net
Segment Reporting Information [Line Items]
Revenues									(31)	55	(199)
Net Investment Income									0	0	0
Policyholders’ Benefits									39	295	(225)
Interest Credited to Policyholders’ Account Balances									191	111	(500)
Dividends to Policyholders									0	(1)	0
Interest Expense									0	0	0
Amortization of DAC									452	83	(1,191)
Investment gains (losses) on trading account assets supporting insurance liabilities, net
Segment Reporting Information [Line Items]
Revenues									(524)	339	(250)
Net Investment Income									0	0	0
Policyholders’ Benefits									0	0	0
Interest Credited to Policyholders’ Account Balances									0	0	0
Dividends to Policyholders									0	0	0
Interest Expense									0	0	0
Amortization of DAC									0	0	0
Change in experience-rated contractholder liabilities due to assets value changes
Segment Reporting Information [Line Items]
Revenues									0	0	0
Net Investment Income									0	0	0
Policyholders’ Benefits									0	0	0
Interest Credited to Policyholders’ Account Balances									(433)	294	(227)
Dividends to Policyholders									0	0	0
Interest Expense									0	0	0
Amortization of DAC									0	0	0
Divested businesses: | Closed Block division
Segment Reporting Information [Line Items]
Assets	62,127				70,891				62,127	70,891
Revenues									6,160
Net Investment Income									2,653
Policyholders’ Benefits									3,365
Interest Credited to Policyholders’ Account Balances									135
Dividends to Policyholders									2,130
Interest Expense									1
Amortization of DAC									37
Divested businesses: | Other divested businesses
Segment Reporting Information [Line Items]
Revenues									638	762	631
Net Investment Income									217	208	196
Policyholders’ Benefits									607	509	454
Interest Credited to Policyholders’ Account Balances									1	2	0
Dividends to Policyholders									0	0	0
Interest Expense									3	3	1
Amortization of DAC									0	0	0
Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests
Segment Reporting Information [Line Items]
Revenues									(12)	(13)	(78)
Net Investment Income									0	0	0
Policyholders’ Benefits									0	0	0
Interest Credited to Policyholders’ Account Balances									0	0	0
Dividends to Policyholders									0	0	0
Interest Expense									0	0	0
Amortization of DAC									0	0	0
Subtotal
Segment Reporting Information [Line Items]
Revenues										47,199	35,425
Net Investment Income										12,249	11,713
Policyholders’ Benefits										28,261	23,399
Interest Credited to Policyholders’ Account Balances										4,127	2,975
Dividends to Policyholders										81	140
Interest Expense										1,311	1,261
Amortization of DAC										1,936	203
Individual annuities | Operating Segments | Total U.S. Retirement Solutions and Investment Management division
Segment Reporting Information [Line Items]
Assets	169,447				174,951				169,447	174,951
Revenues									4,695	4,710	4,465
Net Investment Income									603	630	693
Policyholders’ Benefits									314	481	77
Interest Credited to Policyholders’ Account Balances									363	429	381
Dividends to Policyholders									0	0	0
Interest Expense									69	107	91
Amortization of DAC									465	543	257
Retirement | Operating Segments | Total U.S. Retirement Solutions and Investment Management division
Segment Reporting Information [Line Items]
Assets	171,183				179,674				171,183	179,674
Revenues									11,821	12,077	6,028
Net Investment Income									4,082	4,209	4,067
Policyholders’ Benefits									8,352	8,336	2,461
Interest Credited to Policyholders’ Account Balances									1,441	1,476	1,529
Dividends to Policyholders									(2)	0	0
Interest Expense									25	25	26
Amortization of DAC									66	31	15
Asset Management | Operating Segments | Total U.S. Retirement Solutions and Investment Management division
Segment Reporting Information [Line Items]
Assets	54,491				50,214				54,491	50,214
Revenues									2,944	2,840	2,678
Net Investment Income									111	120	87
Policyholders’ Benefits									0	0	0
Interest Credited to Policyholders’ Account Balances									0	0	0
Dividends to Policyholders									0	0	0
Interest Expense									10	10	11
Amortization of DAC									19	20	25
Individual Life | Operating Segments | Total U.S. Individual Life and Group Insurance division
Segment Reporting Information [Line Items]
Assets	71,856				70,152				71,856	70,152
Revenues									5,233	5,226	4,620
Net Investment Income									1,669	1,620	1,406
Policyholders’ Benefits									2,245	2,108	1,869
Interest Credited to Policyholders’ Account Balances									644	606	576
Dividends to Policyholders									33	32	33
Interest Expense									550	533	407
Amortization of DAC									133	345	111
Group Insurance | Operating Segments | Total U.S. Individual Life and Group Insurance division
Segment Reporting Information [Line Items]
Assets	39,344				41,125				39,344	41,125
Revenues									5,143	5,357	5,518
Net Investment Income									586	613	585
Policyholders’ Benefits									3,868	4,215	4,299
Interest Credited to Policyholders’ Account Balances									257	248	232
Dividends to Policyholders									0	0	0
Interest Expense									8	9	7
Amortization of DAC									6	8	10
International Insurance | Operating Segments | Total International Insurance division
Segment Reporting Information [Line Items]
Assets	175,153				171,635				175,153	171,635
Revenues									19,364	20,066	22,540
Net Investment Income									4,357	4,434	4,306
Policyholders’ Benefits									11,821	12,234	14,499
Interest Credited to Policyholders’ Account Balances									880	961	984
Dividends to Policyholders									51	50	107
Interest Expense									5	4	3
Amortization of DAC									989	961	1,011
Corporate and Other operations | Operating Segments | Total Corporate and Other
Segment Reporting Information [Line Items]
Assets	$ 13,787				$ 8,013				13,787	8,013
Revenues									(570)	(632)	(568)
Net Investment Income									550	420	386
Policyholders’ Benefits									16	83	(35)
Interest Credited to Policyholders’ Account Balances									0	0	0
Dividends to Policyholders									0	0	0
Interest Expense									635	620	715
Amortization of DAC									$ (47)	$ (55)	$ (35)

Segment Information (Revenues a

Segment Information (Revenues and Asset Management Revenues) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Total revenues	$ 14,256	$ 13,599	$ 13,712	$ 15,552	$ 15,725	$ 12,380	$ 13,146	$ 12,854	$ 57,119	$ 54,105	$ 41,461
Total U.S. Retirement Solutions and Investment Management division | Asset Management | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues									682	645	611
Domestic operations
Segment Reporting Information [Line Items]
Total revenues									36,151	35,793	22,222
Foreign operations, total
Segment Reporting Information [Line Items]
Total revenues									20,968	18,312	19,239
Foreign operations, Japan
Segment Reporting Information [Line Items]
Total revenues									18,177	15,461	16,523
Foreign operations, Korea
Segment Reporting Information [Line Items]
Total revenues									$ 1,462	$ 1,484	$ 1,437

Commitments and Guarantees, 175

Commitments and Guarantees, Contingent Liabilities and Litigation and Regulatory Matters (Narrative Excluding Litigation) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Commitments And Guarantees And Contingent Liabilities [Abstract]
Operating Leases, Rent Expense, Net	$ 232	$ 225	$ 253
Yield Maintenance Guarantee
Commitments Guarantees Contingent Liabilities And Litigation [Line Items]
Guarantee obligation - maximum exposure	317	323
Securities Lending Transactions
Commitments Guarantees Contingent Liabilities And Litigation [Line Items]
Accrued liability (asset) associated with guarantee	$ 0	0
Fair value of the loaned securities, minimum collateral (greater than)	102.00%
Guarantee obligation - maximum exposure	$ 15,084	14,334
Credit Enhancements
Commitments Guarantees Contingent Liabilities And Litigation [Line Items]
Accrued liability (asset) associated with guarantee	$ 0	0
Guarantee Expiration	15 years
Guarantee obligation - maximum exposure	$ 24	5
Serviced Mortgage Loans
Commitments Guarantees Contingent Liabilities And Litigation [Line Items]
Accrued liability (asset) associated with guarantee	$ 14	16
Minimum percentage share of losses incurred of loan balance	2.00%
Maximum percentage share of losses incurred of loan balance	20.00%
Mortgages subject to loss-sharing arrangements	$ 9,833
Average debt service coverage ratio of mortgages subject to loss-sharing arrangements	1.96
Average loan-to-value ratio of mortgages subject to loss-sharing arrangements	61.00%
Indemnification of Serviced Mortgage Loans, Losses	$ 1	1	$ 0
Guarantee obligation - maximum exposure	1,200	$ 1,248
Operating Leases Reserves
Commitments Guarantees Contingent Liabilities And Litigation [Line Items]
Accrued liability (asset) associated with guarantee	$ 2

Commitments and Guarantees, 176

Commitments and Guarantees, Contingent Liabilities and Litigation and Regulatory Matters (Commitments and Guarantees) (Lease) (Details) $ in Millions	Dec. 31, 2015USD ($)
Operating and Capital Leases
2,016	$ 131
2,017	117
2,018	92
2,019	74
2,020	53
2021 and thereafter	198
Total	665
Sub-lease Income
2,016	(1)
2,017	0
2,018	0
2,019	0
2,020	0
2021 and thereafter	0
Total	(1)
Capital Leases	$ 22

Commitments and Guarantees, 177

Commitments and Guarantees, Contingent Liabilities and Litigation and Regulatory Matters (Commitments and Guarantees) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Commitments Gurantees And Contingent Liabilities [Line Items]
Premium tax offset for future undiscounted assessments	$ 79	$ 92
Premium tax offsets currently available for paid assessments	6	6
Total	85	98
Insolvency assessments	39	39
Securities Lending Transactions
Commitments Gurantees And Contingent Liabilities [Line Items]
Guarantee obligation - maximum exposure	15,084	14,334
Fair value of related collateral	15,508	14,740
Accrued liability (asset) associated with guarantee	0	0
Asset Values
Commitments Gurantees And Contingent Liabilities [Line Items]
Guarantee obligation - maximum exposure	72,585	74,707
Fair value of related collateral	73,634	76,711
Accrued liability (asset) associated with guarantee	(7)	(6)
Credit Enhancements
Commitments Gurantees And Contingent Liabilities [Line Items]
Guarantee obligation - maximum exposure	24	5
Fair value of related collateral	25	8
Accrued liability (asset) associated with guarantee	0	0
Serviced Mortgage Loans
Commitments Gurantees And Contingent Liabilities [Line Items]
Guarantee obligation - maximum exposure	1,200	1,248
First-loss exposure portion of above	371	388
Accrued liability (asset) associated with guarantee	14	16
Other Guarantees
Commitments Gurantees And Contingent Liabilities [Line Items]
Guarantee obligation - maximum exposure	324	331
Accrued liability (asset) associated with guarantee	4	5
Commercial mortgage and other loans
Commitments Gurantees And Contingent Liabilities [Line Items]
Total outstanding mortgage loan commitments	2,272	2,442
Portion of commitment where prearrangement to sell to investor exists	721	958
Investments Excluding Commercial Mortgage Loans
Commitments Gurantees And Contingent Liabilities [Line Items]
Expected to be funded from the general account and other operations outside the separate accounts	3,787	4,883
Expected to be funded from separate accounts	92	28
Investments Excluding Commercial Mortgage Loans | Fosun Group
Commitments Gurantees And Contingent Liabilities [Line Items]
Expected to be funded from the general account and other operations outside the separate accounts	$ 152	$ 194

Commitments and Guarantees, 178

Commitments and Guarantees, Contingent Liabilities and Litigation and Regulatory Matters (Litigation Narrative) (Details) $ in Millions

1 Months Ended

29 Months Ended

Dec. 31, 2015USD ($)

Oct. 31, 2015plaintiff

Jul. 31, 2015case

Feb. 28, 2015

Sep. 30, 2014defendant

Jun. 30, 2014caseplaintiff

Apr. 30, 2014

Dec. 31, 2013plaintiff

May. 31, 2013plaintiff

Apr. 30, 2012case

Feb. 29, 2012state_and_jurisdiction

Jan. 31, 2012state_and_jurisdiction

Feb. 28, 2010plaintiff

Mar. 31, 2008state

Mar. 31, 2005plaintiffcase

Jul. 31, 2014plaintiffdefendant

May. 31, 2014defendant

Positive Outcome of Litigation | Residential mortgage-backed securities

Litigation [Line Items]

Number of actions filed by the Company | case

10

Positive Outcome of Litigation | Residential mortgage-backed securities | Origination Underwriting And Sales

Litigation [Line Items]

Number Of Days To Amend Complaint

45 days

45 days

Positive Outcome of Litigation | Residential mortgage-backed securities | Trusts Rights

Litigation [Line Items]

Number of other institutions filing actions along with Company

9

Number of Trusts represented in legal action filed by the Company (more than)

2,200

Number of defendants in legal action filed by the company | defendant

6

Positive Outcome of Litigation | Residential mortgage-backed securities | United States District Court

Litigation [Line Items]

Number of actions filed by the Company | case

1

Positive Outcome of Litigation | Residential mortgage-backed securities | New Jersey State Court

Litigation [Line Items]

Number of actions filed by the Company | case

4

Positive Outcome of Litigation | Residential mortgage-backed securities | New York State Court | Trusts Rights

Litigation [Line Items]

Number of actions filed by the Company | case

6

Positive Outcome of Litigation | LIBOR | United States District Court

Litigation [Line Items]

Number of defendants in legal action filed by the company | defendant

10

Huffman v. The Prudential Insurance Company of America

Litigation [Line Items]

Number of Complaints Filed Against The Company | case

2

Wood II, et al. v. PRIAC

Litigation [Line Items]

Loss Contingency, Claim Period

6 years

North Valley GI Medical Group v. Prudential Investments LLC

Litigation [Line Items]

Loss Contingency, Number of Plaintiffs

6

Bouder v. Prudential Financial, Inc. And Prudential Insurance Company Of America

Litigation [Line Items]

Loss Contingency, Alleged Violations Of Overtime And Wage Payment Laws, Number Of States | state

9

Litigation And Regulatory Matters

Litigation [Line Items]

Estimate of possible losses in excess of accruals (less than) | $

$ 250

Litigation And Regulatory Matters | Lehman Brothers Special Financing

Litigation [Line Items]

Number of (co) defendants in legal action against the company | defendant

158

Litigation And Regulatory Matters | Lederman v. PFI

Litigation [Line Items]

Number of Complaints Filed Against The Company | case

11

Number of claimants who are current and former Prudential Insurance employees

235

Claims that settled

1

40

193

Pending Claims

42

2

Litigation And Regulatory Matters | Abandoned Property | Sterling Heights

Litigation [Line Items]

Number of lead plaintiffs added

3

Litigation And Regulatory Matters | Abandoned Property | Global Resolution Agreement

Litigation [Line Items]

Number of states accepting agreement | state_and_jurisdiction

20

20

Quarterly Results of Operati179

Quarterly Results of Operations (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Quarterly Financial Data [Abstract]
Total revenues	$ 14,256	$ 13,599	$ 13,712	$ 15,552	$ 15,725	$ 12,380	$ 13,146	$ 12,854	$ 57,119		$ 54,105		$ 41,461
Total benefits and expenses	13,413	11,550	11,583	12,804	17,475	12,096	11,639	11,136	49,350		52,346		43,145
Income (loss) from continuing operations	740	1,467	1,459	2,046	(1,451)	523	1,109	1,245	5,712		1,426		(567)
Income (loss) from discontinued operations	0	0	0	0	4	0	4	4	0		12		7
NET INCOME (LOSS)	740	1,467	1,459	2,046	(1,447)	523	1,113	1,249	5,712		1,438		(560)
Less: Income attributable to noncontrolling interests	5	2	53	10	12	11	23	11	70		57		107
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC	$ 735	$ 1,465	$ 1,406	$ 2,036	$ (1,459)	$ 512	$ 1,090	$ 1,238	$ 5,642		$ 1,381		$ (667)
Basic earnings per share-Common Stock:
Income (loss) from continuing operations attributable to Prudential Financial, Inc. (in dollars per share)	$ 1.62	$ 3.22	$ 3.07	$ 4.44	$ (2.70)	$ 1	$ 2.25	$ 2.62	$ 12.37	[1]	$ 3.23	[1]	$ (1.57)	[1]
Basic Income from discontinued operations attributable to Prudential Financial, Inc. per share of Common Stock (in dollars per share)	0	0	0	0	0.01	0	0.01	0.01	0	[1]	0.02	[1]	0.02	[1]
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	1.62	3.22	3.07	4.44	(2.69)	1	2.26	2.63	12.37	[1]	3.25	[1]	(1.55)	[1]
Diluted earnings per share-Common Stock:
Diluted Income from continuing operations attributable to Prudential Financial, Inc. per share of Common Stock (in dollars per share)	1.60	3.16	3.03	4.37	(2.70)	0.99	2.21	2.58	12.17	[1]	3.20	[1]	(1.57)	[1]
Diluted Income from discontinued operations attributable to Prudential Financial, Inc. per share of Common Stock (in dollars per share)	0	0	0	0	0.01	0	0.01	0.01	0	[1]	0.03	[1]	0.02	[1]
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 1.60	$ 3.16	$ 3.03	$ 4.37	$ (2.69)	$ 0.99	$ 2.22	$ 2.59	$ 12.17	[1]	$ 3.23	[1]	$ (1.55)	[1]
[1]	For 2015, represents consolidated earnings per share of Common Stock. For 2014 and 2013, represents earnings of the Company’s former Financial Services Businesses per share of Common Stock. See Note 16 for additional information.

Quarterly Results of Operati180

Quarterly Results of Operations (Unaudited) (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2015	Dec. 31, 2014
Long-term disability
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Out of Period Adjustment Increase/Benefit (Decrease/Charge)		$ (48)		$ (58)
Variable Annuity
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Out of Period Adjustment Increase/Benefit (Decrease/Charge)	$ (127)	(45)	$ 84	(35)
Income From Continuing Operations Before Income Taxes And Equity In Earnings Of Operating Joint Ventures
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Out of Period Adjustment Increase/Benefit (Decrease/Charge)		$ (156)	$ 84	$ (193)

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - $ / shares		Feb. 09, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Subsequent Event [Line Items]
Dividends declared per share of Common Stock (in dollars per share)	[1]		$ 2.44	$ 2.17	$ 1.73
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per share of Common Stock (in dollars per share)		$ 0.70
[1]	For 2015, represents consolidated earnings per share of Common Stock. For 2014 and 2013, represents earnings of the Company’s former Financial Services Businesses per share of Common Stock. See Note 16 for additional information.

Schedule I - Summary of Inve182

Schedule I - Summary of Investments Other Than investments in Related Parties (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Investment Details [Line Items]
Cost	$ 389,858
Amount shown in the Balance Sheet	417,192
Total Commercial Mortgage And Other Loans	49,557
Uncollateralized Loans	1,002
Equity securities
Investment Details [Line Items]
Cost	6,847
Fair Value	9,274
Amount shown in the Balance Sheet	9,274
Bonds: | Certificates of deposit
Investment Details [Line Items]
Amount shown in the Balance Sheet	60
Common Stock | Public utilities | Equity securities
Investment Details [Line Items]
Cost	134
Fair Value	160
Amount shown in the Balance Sheet	160
Common Stock | Banks, trust and insurance companies | Equity securities
Investment Details [Line Items]
Cost	1,164
Fair Value	1,779
Amount shown in the Balance Sheet	1,779
Common Stock | Industrial, miscellaneous and other | Equity securities
Investment Details [Line Items]
Cost	5,525
Fair Value	7,312
Amount shown in the Balance Sheet	7,312
Nonredeemable preferred stocks | Equity securities
Investment Details [Line Items]
Cost	24
Fair Value	23
Amount shown in the Balance Sheet	23
Fixed maturities, available-for-sale | Fixed Maturities
Investment Details [Line Items]
Cost	265,416
Fair Value	290,323
Amount shown in the Balance Sheet	290,323
Fixed maturities, available-for-sale | Bonds: | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Fixed Maturities
Investment Details [Line Items]
Cost	14,992
Fair Value	18,517
Amount shown in the Balance Sheet	18,517
Fixed maturities, available-for-sale | Bonds: | Obligations of U.S. states and their political subdivisions | Fixed Maturities
Investment Details [Line Items]
Cost	8,089
Fair Value	8,795
Amount shown in the Balance Sheet	8,795
Fixed maturities, available-for-sale | Bonds: | Foreign government bonds | Fixed Maturities
Investment Details [Line Items]
Cost	71,849
Fair Value	83,713
Amount shown in the Balance Sheet	83,713
Fixed maturities, available-for-sale | Bonds: | Asset-backed securities | Fixed Maturities
Investment Details [Line Items]
Cost	10,121
Fair Value	10,226
Amount shown in the Balance Sheet	10,226
Fixed maturities, available-for-sale | Bonds: | Residential mortgage-backed securities | Fixed Maturities
Investment Details [Line Items]
Cost	4,777
Fair Value	5,106
Amount shown in the Balance Sheet	5,106
Fixed maturities, available-for-sale | Bonds: | Commercial mortgage-backed securities | Fixed Maturities
Investment Details [Line Items]
Cost	10,337
Fair Value	10,462
Amount shown in the Balance Sheet	10,462
Fixed maturities, available-for-sale | Bonds: | Public utilities | Fixed Maturities
Investment Details [Line Items]
Cost	20,825
Fair Value	22,157
Amount shown in the Balance Sheet	22,157
Fixed maturities, available-for-sale | Bonds: | Certificates of deposit | Fixed Maturities
Investment Details [Line Items]
Cost	62
Fair Value	60
Fixed maturities, available-for-sale | Bonds: | All other corporate bonds | Fixed Maturities
Investment Details [Line Items]
Cost	123,780
Fair Value	130,669
Amount shown in the Balance Sheet	130,669
Fixed maturities, available-for-sale | Redeemable preferred stock | Fixed Maturities
Investment Details [Line Items]
Cost	584
Fair Value	618
Amount shown in the Balance Sheet	618
Fixed maturities, held-to-maturity | Fixed Maturities
Investment Details [Line Items]
Cost	2,308
Fair Value	2,624
Amount shown in the Balance Sheet	2,308
Fixed maturities, held-to-maturity | Bonds: | Foreign government bonds | Fixed Maturities
Investment Details [Line Items]
Cost	816
Fair Value	1,012
Amount shown in the Balance Sheet	816
Fixed maturities, held-to-maturity | Bonds: | Residential mortgage-backed securities | Fixed Maturities
Investment Details [Line Items]
Cost	756
Fair Value	809
Amount shown in the Balance Sheet	756
Fixed maturities, held-to-maturity | Bonds: | Commercial mortgage-backed securities | Fixed Maturities
Investment Details [Line Items]
Cost	33
Fair Value	34
Amount shown in the Balance Sheet	33
Fixed maturities, held-to-maturity | Bonds: | All other corporate bonds | Fixed Maturities
Investment Details [Line Items]
Cost	703
Fair Value	769
Amount shown in the Balance Sheet	703
Trading account assets supporting insurance liabilities
Investment Details [Line Items]
Cost	20,522
Amount shown in the Balance Sheet	20,522
Other trading account assets
Investment Details [Line Items]
Cost	14,458
Amount shown in the Balance Sheet	14,458
Commercial mortgage and other loans
Investment Details [Line Items]
Cost	50,559
Amount shown in the Balance Sheet	50,559
Policy loans
Investment Details [Line Items]
Cost	11,657
Amount shown in the Balance Sheet	11,657
Short-term investments
Investment Details [Line Items]
Cost	8,105
Amount shown in the Balance Sheet	8,105
Other long-term investments
Investment Details [Line Items]
Cost	9,986
Amount shown in the Balance Sheet	$ 9,986

Schedule II - Condensed Fina183

Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Financial Position) (Details) - USD ($) $ / shares in Units, $ in Millions		Dec. 31, 2015		Jan. 02, 2015	Dec. 31, 2014		Dec. 01, 2014	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Total investments		$ 417,192			$ 419,986
Cash and cash equivalents		17,612	[1]		14,918	[1]		$ 11,439	$ 18,100
Other assets	[1]	14,358			13,379
TOTAL ASSETS		757,388			766,655
LIABILITIES
Short-term debt		1,216			3,839
Long-term debt		19,727			19,831
Income taxes payable		8,714			9,881
Other liabilities	[1]	13,517			13,037
Total liabilities		715,465			724,306
EQUITY
Preferred Stock ($.01 par value; 10,000,000 shares authorized; none issued)		0			0
Additional paid-in capital		24,482			24,565
Common Stock held in treasury, at cost (213,009,970 and 205,277,862 shares at December 31, 2015 and 2014, respectively)		(13,814)			(13,088)
Class B Stock held in treasury, at cost (0 and 2,000,000 shares at December 31, 2015 and December 31, 2014, respectively)		0			(651)
Accumulated other comprehensive income (loss)		12,285			16,050
Retained earnings		18,931			14,888
Total equity		41,890			41,770
TOTAL LIABILITIES AND EQUITY		$ 757,388			$ 766,655
Preferred Stock, par value (in dollars per share)		$ 0.01			$ 0.01
Preferred Stock, shares authorized		10,000,000			10,000,000
Preferred Stock, shares issued		0			0
Common Stock
EQUITY
Common Stock		$ 6			$ 6
Common Stock, par value (in dollars per share)		$ 0.01			$ 0.01
Common stock, shares authorized		1,500,000,000			1,500,000,000
Common stock, shares issued		660,111,339			660,111,339
Common Stock held in treasury, shares		213,009,970			205,277,862
Common Class B Stock
EQUITY
Common Stock		$ 0			$ 0
Common Stock, par value (in dollars per share)		$ 0.01			$ 0.01
Common stock, shares authorized		0			10,000,000
Common stock, shares issued		0			2,000,000
Common Stock, shares outstanding								2,000,000
Class B Stock Held in Treasury
EQUITY
Class B Stock held in treasury, at cost (0 and 2,000,000 shares at December 31, 2015 and December 31, 2014, respectively)							$ (650.8)
Retained earnings				$ (483.8)
Common Stock held in treasury, shares		0			2,000,000
Prudential Financial
ASSETS
Investment contracts from subsidiaries		$ 1			$ 1
Other investments		1,691			2,395
Total investments		1,692			2,396
Cash and cash equivalents		9,437			8,692			$ 4,370	$ 7,400
Due from subsidiaries		1,723			875
Loans receivable from subsidiaries		6,122			8,475
Investment in subsidiaries		50,625			50,218
Property, plant and equipment		579			0
Other assets		728			365
TOTAL ASSETS		70,906			71,021
LIABILITIES
Due to subsidiaries		7,664			7,414
Loans payable to subsidiaries		3,248			2,033
Short-term debt		831			2,319
Long-term debt		16,487			16,061
Income taxes payable		0			271
Other liabilities		786			1,153
Total liabilities		29,016			29,251
EQUITY
Preferred Stock ($.01 par value; 10,000,000 shares authorized; none issued)		0			0
Additional paid-in capital		24,482			24,565
Common Stock held in treasury, at cost (213,009,970 and 205,277,862 shares at December 31, 2015 and 2014, respectively)		(13,814)			(13,088)
Class B Stock held in treasury, at cost (0 and 2,000,000 shares at December 31, 2015 and December 31, 2014, respectively)				$ (651)
Accumulated other comprehensive income (loss)		12,285			16,050
Retained earnings		18,931			14,888
Total equity		41,890			41,770
TOTAL LIABILITIES AND EQUITY		$ 70,906			$ 71,021
Preferred Stock, par value (in dollars per share)		$ 0.01			$ 0.01
Preferred Stock, shares authorized		10,000,000			10,000,000
Preferred Stock, shares issued		0			0
Prudential Financial | Common Stock
EQUITY
Common Stock		$ 6			$ 6
Common Stock, par value (in dollars per share)		$ 0.01			$ 0.01
Common stock, shares authorized		1,500,000,000			1,500,000,000
Common stock, shares issued		660,111,339			660,111,339
Common Stock held in treasury, shares		213,009,970			205,277,862
Prudential Financial | Common Class B Stock
EQUITY
Common Stock		$ 0			$ 0
Common Stock, par value (in dollars per share)		$ 0.01			$ 0.01
Common stock, shares authorized		0			10,000,000
Common stock, shares issued		0			2,000,000
Prudential Financial | Class B Stock Held in Treasury
EQUITY
Class B Stock held in treasury, at cost (0 and 2,000,000 shares at December 31, 2015 and December 31, 2014, respectively)		$ 0			$ (651)
Common Stock held in treasury, shares		0			2,000,000
[1]	See Note 5 for details of balances associated with variable interest entities.

Schedule II - Condensed Fina184

Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Operations) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
REVENUES
Net investment income									$ 14,829	$ 15,256	$ 14,729
Realized investment gains (losses), net									4,025	1,636	(5,206)
Other income (loss)									0	(1,978)	(3,199)
Total revenues	$ 14,256	$ 13,599	$ 13,712	$ 15,552	$ 15,725	$ 12,380	$ 13,146	$ 12,854	57,119	54,105	41,461
EXPENSES
Interest expense									1,306	1,908	1,409
Total income tax expense (benefit)									2,072	349	(1,058)
INCOME (LOSS) FROM CONTINUING OPERATIONS	740	1,467	1,459	2,046	(1,451)	523	1,109	1,245	5,712	1,426	(567)
Income (loss) from discontinued operations, net of taxes	0	0	0	0	4	0	4	4	0	12	7
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC	$ 735	$ 1,465	$ 1,406	$ 2,036	$ (1,459)	$ 512	$ 1,090	$ 1,238	5,642	1,381	(667)
COMPREHENSIVE INCOME (LOSS)									1,877	8,750	(2,200)
Prudential Financial
REVENUES
Net investment income									19	7	6
Realized investment gains (losses), net									(98)	(793)	390
Affiliated interest revenue									353	417	416
Other income (loss)									28	146	153
Total revenues									302	(223)	965
EXPENSES
General and administrative expenses									170	59	50
Interest expense									1,080	1,075	1,091
Total expenses									1,250	1,134	1,141
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES									(948)	(1,357)	(176)
Total income tax expense (benefit)									(396)	(492)	(80)
LOSS FROM CONTINUING OPERATIONS BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES									(552)	(865)	(96)
Equity in earnings of subsidiaries									6,194	2,246	(571)
INCOME (LOSS) FROM CONTINUING OPERATIONS									5,642	1,381	(667)
Income (loss) from discontinued operations, net of taxes									0	0	0
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC									5,642	1,381	(667)
COMPREHENSIVE INCOME (LOSS)									$ 1,877	$ 8,750	$ (2,200)

Schedule II - Condensed Fina185

Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Cash Flow) (Details) - USD ($) $ in Millions	3 Months Ended											12 Months Ended
	Dec. 31, 2015		Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME (LOSS)	$ 740		$ 1,467	$ 1,459	$ 2,046		$ (1,447)		$ 523	$ 1,113	$ 1,249	$ 5,712		$ 1,438		$ (560)
Adjustments to reconcile net income to cash provided by operating activities:
Realized investment (gains) losses, net												(4,025)		(1,636)		5,206
Change in:
Other, operating												391		1,432		1,081
Cash flows from (used in) operating activities												13,895		19,396		8,445
Proceeds from the sale/maturity of:
Short-term investments												77,021		73,823		60,002
Payments for the purchase of:
Investment contracts from subsidiaries												(2,005)		(1,805)		(1,800)
Short-term investments												(76,622)		(74,295)		(61,034)
Other, investing												106		227		(353)
Cash flows from (used in) investing activities												(7,746)		(17,088)		(16,334)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on Common Stock												(1,117)		(1,008)		(828)
Common Stock acquired												(1,013)		(1,000)		(738)
Common Stock reissued for exercise of stock options												209		269		348
Proceeds from the issuance of debt (maturities longer than 90 days)												5,166		7,955		4,660
Repayments of debt (maturities longer than 90 days)												(4,957)		(7,384)		(3,939)
Net change in financing arrangements (maturities 90 days or less)												68		(27)		96
Excess tax benefits from share-based payment arrangements												19		26		32
Other, financing												(221)		133		(331)
Cash flows from (used in) financing activities												(3,524)		1,629		2,242
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS												2,694		3,479		(6,661)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR					14,918	[1]					11,439	14,918	[1]	11,439		18,100
CASH AND CASH EQUIVALENTS, END OF YEAR	17,612	[1]					14,918	[1]				17,612	[1]	14,918	[1]	11,439
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for interest												1,324		1,883		1,387
Cash paid (refunds received) during the period for taxes												1,083		109		1,279
Common Class B Stock
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on Common Stock												0		(19)		(19)
Common Stock acquired												(651)		0		0
Prudential Financial
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME (LOSS)												5,642		1,381		(667)
Adjustments to reconcile net income to cash provided by operating activities:
Equity in earnings of subsidiaries												(6,194)		(2,246)		571
Realized investment (gains) losses, net												98		793		(390)
Dividends received from subsidiaries												4,557		2,218		2,483
Property, plant and equipment												(579)		0		0
Change in:
Due to/from subsidiaries, net												(493)		5,718		(1,753)
Other, operating												(380)		647		(418)
Cash flows from (used in) operating activities												2,651		8,511		(174)
Proceeds from the sale/maturity of:
Short-term investments												13,700		10,207		6,522
Payments for the purchase of:
Investment contracts from subsidiaries												0		0		(1)
Short-term investments												(13,002)		(11,394)		(6,544)
Capital contributions to subsidiaries												(2,545)		(3,065)		(1,760)
Returns of capital contributions from subsidiaries												75		258		524
Loans to subsidiaries, net of maturities												2,056		925		(22)
Other, investing												244		21		32
Cash flows from (used in) investing activities												528		(3,048)		(1,249)
CASH FLOWS FROM FINANCING ACTIVITIES
Common Stock acquired												(1,664)		(999)		(738)
Common Stock reissued for exercise of stock options												209		269		348
Proceeds from the issuance of debt (maturities longer than 90 days)												1,332		2,063		2,414
Repayments of debt (maturities longer than 90 days)												(2,404)		(1,659)		(3,257)
Repayments of loans from subsidiaries												(102)		(241)		(102)
Proceeds from loans payable to subsidiaries												1,316		558		545
Net change in financing arrangements (maturities 90 days or less)												8		(94)		65
Excess tax benefits from share-based payment arrangements												3		7		10
Other, financing												(15)		(18)		(45)
Cash flows from (used in) financing activities												(2,434)		(1,141)		(1,607)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS												745		4,322		(3,030)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR					$ 8,692						$ 4,370	8,692		4,370		7,400
CASH AND CASH EQUIVALENTS, END OF YEAR	$ 9,437						$ 8,692					9,437		8,692		4,370
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for interest												1,048		1,036		1,070
Cash paid (refunds received) during the period for taxes												46		(1,231)		246
NON-CASH TRANSACTIONS DURING THE YEAR
Non-cash capital contributions to subsidiaries												1,453		100		1,097
Non-cash dividends from subsidiaries												1,335		650		942
Treasury Stock shares issued for stock-based compensation programs												115		100		105
Prudential Financial | Common Stock
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on Common Stock												(1,117)		(1,008)		(828)
Prudential Financial | Common Class B Stock
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on Common Stock												$ 0		$ (19)		$ (19)
[1]	See Note 5 for details of balances associated with variable interest entities.

Schedule II - Condensed Fina186

Schedule II - Condensed Financial Information of Registrant (Debt and Undistributed Demutualization Consideration) (Short and Long-Term Debt) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Short-term debt	$ 1,216	$ 3,839
Long-term debt	$ 19,727	$ 19,831
Commercial Paper, Weighted Average Interest Rate	0.16%	0.12%
Commercial Paper
Debt Instrument [Line Items]
Short-term debt	$ 464	$ 483
Current portion of long-term debt
Debt Instrument [Line Items]
Short-term debt	752	3,356
Prudential Financial
Debt Instrument [Line Items]
Short-term debt	831	2,319
Long-term debt	16,487	16,061
Prudential Financial | Commercial Paper
Debt Instrument [Line Items]
Short-term debt	$ 80	$ 97
Commercial Paper, Weighted Average Interest Rate	0.40%	0.28%
Prudential Financial | Current portion of long-term debt
Debt Instrument [Line Items]
Short-term debt	$ 751	$ 2,222
Prudential Financial | Fixed rate senior notes
Debt Instrument [Line Items]
Minimum Interest Rate	2.30%
Maximum Interest Rate	7.38%
Long-term debt	$ 10,093	10,667
Prudential Financial | Floating rate senior notes
Debt Instrument [Line Items]
Minimum Interest Rate	1.01%
Maximum Interest Rate	5.00%
Long-term debt	$ 510	510
Prudential Financial | Junior subordinated notes
Debt Instrument [Line Items]
Minimum Interest Rate	5.20%
Maximum Interest Rate	8.88%
Long-term debt	$ 5,884	$ 4,884

Schedule II - Condensed Fina187

Schedule II - Condensed Financial Information of Registrant (Debt) (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Prudential Financial
Debt Instrument [Line Items]
Increase (Decrease) In Interest Expense, Derivative Instruments	$ 3	$ 2	$ 2

Schedule II - Condensed Fina188

Schedule II - Condensed Financial Information of Registrant (Debt and Undistributed Demutualization Consideration) (Contractual Maturities for Long-Term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
2,017	$ 1,544
2,018	1,430
2,019	1,689
2,020	1,246
2021 and thereafter	13,818
Long-term debt	19,727	$ 19,831
Prudential Financial
Debt Instrument [Line Items]
2,017	971
2,018	830
2,019	1,100
2,020	1,179
2021 and thereafter	12,407
Long-term debt	$ 16,487	$ 16,061

Schedule II - Condensed Fina189

Schedule II - Condensed Financial Information of Registrant (Dividends and Returns of Capital) (Dividends and/or Returns of Capital from Holding Companies) (Details) - Prudential Financial - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	$ 4,632	$ 2,476	$ 3,007
Prudential Holdings, LLC
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	1,950	400	0
Prudential Annuities Life Assurance Corporation
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	450	342	284
International Insurance and Investments Holding Companies
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	1,818	966	1,642
International Insurance and Investments Holding Companies | Scenario, Previously Reported
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries		526
Prudential Asset Management Holding Company
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	266	578	441
Prudential Asset Management Holding Company | Scenario, Previously Reported
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries		588
Other Holding Companies
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries	$ 148	190	$ 640
Other Holding Companies | Scenario, Previously Reported
Condensed Financial Statements, Captions [Line Items]
Dividends or Returns of Capital received by Parent Company from Subsidiaries		$ 620

Schedule II - Condensed Fina190

Schedule II - Condensed Financial Information of Registrant (Guarantees)/(Redemption of Class B Shares) (Narrative) (Details) - USD ($) shares in Millions	Jan. 02, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 01, 2014	Dec. 31, 2013
Commitments Gurantees And Contingent Liabilities [Line Items]
Class B Stock Held In Treasury, at cost		$ 0	$ 651,000,000
Class B Stock Held in Treasury
Commitments Gurantees And Contingent Liabilities [Line Items]
Class B Stock Held In Treasury, at cost				$ 650,800,000
Other Guarantees
Commitments Gurantees And Contingent Liabilities [Line Items]
Guarantee obligation - maximum exposure		324,000,000	331,000,000
Prudential Financial
Commitments Gurantees And Contingent Liabilities [Line Items]
Class B Stock Held In Treasury, at cost	$ 651,000,000
Prudential Financial | Class B Stock Held in Treasury
Commitments Gurantees And Contingent Liabilities [Line Items]
Treasury Stock, Shares, Acquired	2
Class B Stock Held In Treasury, at cost		0	$ 651,000,000
Prudential Financial | Commercial Paper | Prudential Financial Subsidiaries
Commitments Gurantees And Contingent Liabilities [Line Items]
Guarantee obligation - maximum exposure		384,000,000
Prudential Financial | Investee Debt | Prudential Financial Subsidiaries
Commitments Gurantees And Contingent Liabilities [Line Items]
Guarantee obligation - maximum exposure		4,000,000,000
Prudential Financial | Commitments to Extend Credit | Prudential Financial Subsidiaries
Commitments Gurantees And Contingent Liabilities [Line Items]
Guarantee obligation - maximum exposure					$ 500,000,000
Prudential Financial | Other Guarantees
Commitments Gurantees And Contingent Liabilities [Line Items]
Guarantee obligation - maximum exposure		$ 25,000,000

Schedule III - Supplementary191

Schedule III - Supplementary Insurance Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	$ 16,718	$ 15,971	$ 16,512
Future Policy Benefits, Losses, Claims, Expenses	221,769	215,174	204,223
Unearned Premiums	2,615	2,592	2,636
Other Policy Claims and Benefits Payable	142,362	143,811	142,172
Premiums, Policy Charges and Fee Income	34,493	35,472	31,652
Net Investment Income	14,829	15,256	14,729
Benefits, Claims, Losses and Settlement Expenses	36,318	38,566	31,894
Amortization of DAC	2,120	1,973	240
Other Operating Expenses	10,912	11,807	11,011
Total PFI excluding Closed Block division
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	16,345
Future Policy Benefits, Losses, Claims, Expenses	172,230
Unearned Premiums	2,615
Other Policy Claims and Benefits Payable	131,658
Premiums, Policy Charges and Fee Income	31,824
Net Investment Income	12,176
Benefits, Claims, Losses and Settlement Expenses	30,688
Amortization of DAC	2,083
Other Operating Expenses	10,477
Closed Block division
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	373
Future Policy Benefits, Losses, Claims, Expenses	49,539
Unearned Premiums	0
Other Policy Claims and Benefits Payable	10,704
Premiums, Policy Charges and Fee Income	2,669
Net Investment Income	2,653
Benefits, Claims, Losses and Settlement Expenses	5,630
Amortization of DAC	37
Other Operating Expenses	435
Total Financial Services Businesses
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs		15,561	16,101
Future Policy Benefits, Losses, Claims, Expenses		165,311	153,965
Unearned Premiums		2,592	2,636
Other Policy Claims and Benefits Payable		130,958	131,395
Premiums, Policy Charges and Fee Income		32,768	28,924
Net Investment Income		12,249	11,713
Benefits, Claims, Losses and Settlement Expenses		32,469	26,514
Amortization of DAC		1,936	203
Other Operating Expenses		10,776	10,454
Closed Block Business
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs		410	411
Future Policy Benefits, Losses, Claims, Expenses		49,863	50,258
Unearned Premiums		0	0
Other Policy Claims and Benefits Payable		12,853	10,777
Premiums, Policy Charges and Fee Income		2,704	2,728
Net Investment Income		3,007	3,016
Benefits, Claims, Losses and Settlement Expenses		6,097	5,380
Amortization of DAC		37	37
Other Operating Expenses		1,031	557
U.S. Retirement Solutions and Investment Management division | Total PFI excluding Closed Block division
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	5,048
Future Policy Benefits, Losses, Claims, Expenses	61,750
Unearned Premiums	1,835
Other Policy Claims and Benefits Payable	55,833
Premiums, Policy Charges and Fee Income	9,769
Net Investment Income	4,815
Benefits, Claims, Losses and Settlement Expenses	10,165
Amortization of DAC	1,025
Other Operating Expenses	4,867
U.S. Retirement Solutions and Investment Management division | Total Financial Services Businesses
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs		5,493	5,715
Future Policy Benefits, Losses, Claims, Expenses		59,457	47,582
Unearned Premiums		1,848	1,939
Other Policy Claims and Benefits Payable		56,158	55,510
Premiums, Policy Charges and Fee Income		9,798	3,648
Net Investment Income		4,973	4,856
Benefits, Claims, Losses and Settlement Expenses		10,935	3,264
Amortization of DAC		656	(916)
Other Operating Expenses		4,787	4,471
U.S. Individual Life and Group Insurance division | Total PFI excluding Closed Block division
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	5,064
Future Policy Benefits, Losses, Claims, Expenses	14,847
Unearned Premiums	206
Other Policy Claims and Benefits Payable	31,994
Premiums, Policy Charges and Fee Income	7,412
Net Investment Income	2,252
Benefits, Claims, Losses and Settlement Expenses	7,090
Amortization of DAC	139
Other Operating Expenses	2,345
U.S. Individual Life and Group Insurance division | Total Financial Services Businesses
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs		4,233	4,295
Future Policy Benefits, Losses, Claims, Expenses		14,149	12,328
Unearned Premiums		201	193
Other Policy Claims and Benefits Payable		29,805	28,925
Premiums, Policy Charges and Fee Income		7,699	7,473
Net Investment Income		2,220	1,984
Benefits, Claims, Losses and Settlement Expenses		7,508	6,773
Amortization of DAC		376	105
Other Operating Expenses		2,608	2,183
International Insurance division | Total PFI excluding Closed Block division
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	6,554
Future Policy Benefits, Losses, Claims, Expenses	91,357
Unearned Premiums	574
Other Policy Claims and Benefits Payable	43,828
Premiums, Policy Charges and Fee Income	14,311
Net Investment Income	4,383
Benefits, Claims, Losses and Settlement Expenses	12,809
Amortization of DAC	987
Other Operating Expenses	2,396
International Insurance division | Total Financial Services Businesses
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs		6,156	6,407
Future Policy Benefits, Losses, Claims, Expenses		87,744	90,641
Unearned Premiums		543	504
Other Policy Claims and Benefits Payable		44,977	46,948
Premiums, Policy Charges and Fee Income		14,961	17,482
Net Investment Income		4,434	4,291
Benefits, Claims, Losses and Settlement Expenses		13,432	16,057
Amortization of DAC		962	998
Other Operating Expenses		2,608	2,782
Corporate and Other operations | Total PFI excluding Closed Block division
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	(321)
Future Policy Benefits, Losses, Claims, Expenses	4,276
Unearned Premiums	0
Other Policy Claims and Benefits Payable	3
Premiums, Policy Charges and Fee Income	332
Net Investment Income	726
Benefits, Claims, Losses and Settlement Expenses	624
Amortization of DAC	(68)
Other Operating Expenses	869
Corporate and Other operations | Total Financial Services Businesses
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs		(321)	(316)
Future Policy Benefits, Losses, Claims, Expenses		3,961	3,414
Unearned Premiums		0	0
Other Policy Claims and Benefits Payable		18	12
Premiums, Policy Charges and Fee Income		310	321
Net Investment Income		622	582
Benefits, Claims, Losses and Settlement Expenses		594	420
Amortization of DAC		(58)	16
Other Operating Expenses		773	1,018
Individual annuities | U.S. Retirement Solutions and Investment Management division | Total PFI excluding Closed Block division
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	4,915
Future Policy Benefits, Losses, Claims, Expenses	10,486
Unearned Premiums	0
Other Policy Claims and Benefits Payable	8,720
Premiums, Policy Charges and Fee Income	2,823
Net Investment Income	594
Benefits, Claims, Losses and Settlement Expenses	864
Amortization of DAC	940
Other Operating Expenses	1,757
Individual annuities | U.S. Retirement Solutions and Investment Management division | Total Financial Services Businesses
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs		5,376	5,490
Future Policy Benefits, Losses, Claims, Expenses		10,220	2,341
Unearned Premiums		0	0
Other Policy Claims and Benefits Payable		8,693	9,035
Premiums, Policy Charges and Fee Income		2,785	2,541
Net Investment Income		615	685
Benefits, Claims, Losses and Settlement Expenses		1,017	(30)
Amortization of DAC		603	(956)
Other Operating Expenses		1,791	1,661
Retirement | U.S. Retirement Solutions and Investment Management division | Total PFI excluding Closed Block division
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	133
Future Policy Benefits, Losses, Claims, Expenses	51,264
Unearned Premiums	1,835
Other Policy Claims and Benefits Payable	47,113
Premiums, Policy Charges and Fee Income	6,946
Net Investment Income	4,110
Benefits, Claims, Losses and Settlement Expenses	9,301
Amortization of DAC	66
Other Operating Expenses	1,034
Retirement | U.S. Retirement Solutions and Investment Management division | Total Financial Services Businesses
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs		117	225
Future Policy Benefits, Losses, Claims, Expenses		49,237	45,241
Unearned Premiums		1,848	1,939
Other Policy Claims and Benefits Payable		47,465	46,475
Premiums, Policy Charges and Fee Income		7,013	1,107
Net Investment Income		4,238	4,084
Benefits, Claims, Losses and Settlement Expenses		9,918	3,294
Amortization of DAC		33	15
Other Operating Expenses		1,020	984
Asset Management | U.S. Retirement Solutions and Investment Management division | Total PFI excluding Closed Block division
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	0
Future Policy Benefits, Losses, Claims, Expenses	0
Unearned Premiums	0
Other Policy Claims and Benefits Payable	0
Premiums, Policy Charges and Fee Income	0
Net Investment Income	111
Benefits, Claims, Losses and Settlement Expenses	0
Amortization of DAC	19
Other Operating Expenses	2,076
Asset Management | U.S. Retirement Solutions and Investment Management division | Total Financial Services Businesses
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs		0	0
Future Policy Benefits, Losses, Claims, Expenses		0	0
Unearned Premiums		0	0
Other Policy Claims and Benefits Payable		0	0
Premiums, Policy Charges and Fee Income		0	0
Net Investment Income		120	87
Benefits, Claims, Losses and Settlement Expenses		0	0
Amortization of DAC		20	25
Other Operating Expenses		1,976	1,826
Individual Life | U.S. Individual Life and Group Insurance division | Total PFI excluding Closed Block division
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	4,883
Future Policy Benefits, Losses, Claims, Expenses	10,102
Unearned Premiums	0
Other Policy Claims and Benefits Payable	23,425
Premiums, Policy Charges and Fee Income	2,944
Net Investment Income	1,679
Benefits, Claims, Losses and Settlement Expenses	2,961
Amortization of DAC	133
Other Operating Expenses	1,508
Individual Life | U.S. Individual Life and Group Insurance division | Total Financial Services Businesses
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs		4,056	4,112
Future Policy Benefits, Losses, Claims, Expenses		9,224	7,407
Unearned Premiums		0	0
Other Policy Claims and Benefits Payable		21,463	20,746
Premiums, Policy Charges and Fee Income		3,073	2,660
Net Investment Income		1,610	1,403
Benefits, Claims, Losses and Settlement Expenses		3,040	2,238
Amortization of DAC		368	95
Other Operating Expenses		1,745	1,363
Group Insurance | U.S. Individual Life and Group Insurance division | Total PFI excluding Closed Block division
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	181
Future Policy Benefits, Losses, Claims, Expenses	4,745
Unearned Premiums	206
Other Policy Claims and Benefits Payable	8,569
Premiums, Policy Charges and Fee Income	4,468
Net Investment Income	573
Benefits, Claims, Losses and Settlement Expenses	4,129
Amortization of DAC	6
Other Operating Expenses	837
Group Insurance | U.S. Individual Life and Group Insurance division | Total Financial Services Businesses
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs		177	183
Future Policy Benefits, Losses, Claims, Expenses		4,925	4,921
Unearned Premiums		201	193
Other Policy Claims and Benefits Payable		8,342	8,179
Premiums, Policy Charges and Fee Income		4,626	4,813
Net Investment Income		610	581
Benefits, Claims, Losses and Settlement Expenses		4,468	4,535
Amortization of DAC		8	10
Other Operating Expenses		863	820
International Insurance | International Insurance division | Total PFI excluding Closed Block division
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	6,554
Future Policy Benefits, Losses, Claims, Expenses	91,357
Unearned Premiums	574
Other Policy Claims and Benefits Payable	43,828
Premiums, Policy Charges and Fee Income	14,311
Net Investment Income	4,383
Benefits, Claims, Losses and Settlement Expenses	12,809
Amortization of DAC	987
Other Operating Expenses	$ 2,396
International Insurance | International Insurance division | Total Financial Services Businesses
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs		6,156	6,407
Future Policy Benefits, Losses, Claims, Expenses		87,744	90,641
Unearned Premiums		543	504
Other Policy Claims and Benefits Payable		44,977	46,948
Premiums, Policy Charges and Fee Income		14,961	17,482
Net Investment Income		4,434	4,291
Benefits, Claims, Losses and Settlement Expenses		13,432	16,057
Amortization of DAC		962	998
Other Operating Expenses		$ 2,608	$ 2,782

Schedule IV - Reinsurance (Deta

Schedule IV - Reinsurance (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reinsurance Face Amount/Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount	$ 3,457,711	$ 3,492,396	$ 3,534,834
Ceded to Other Companies	642,525	633,501	521,189
Assumed from Other Companies	235,418	245,674	185,479
Net Amount	$ 3,050,604	$ 3,104,569	$ 3,199,124
Percentage of Amount Assumed to Net	7.70%	7.90%	5.80%
Gross Amount	$ 27,996	$ 29,666	$ 27,444
Ceded to Other Companies	1,622	1,507	1,479
Assumed from Other Companies	2,147	1,134	272
Premiums	$ 28,521	$ 29,293	$ 26,237
Percentage of Amount Assumed to Net	7.50%	3.90%	1.00%
Life Insurance
Reinsurance Face Amount/Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount	$ 25,346	$ 26,638	$ 24,068
Ceded to Other Companies	1,573	1,451	1,408
Assumed from Other Companies	2,147	1,134	272
Premiums	$ 25,920	$ 26,321	$ 22,932
Percentage of Amount Assumed to Net	8.30%	4.30%	1.20%
Accident and Health Insurance
Reinsurance Face Amount/Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount	$ 2,650	$ 3,028	$ 3,376
Ceded to Other Companies	49	56	71
Assumed from Other Companies	0	0	0
Premiums	$ 2,601	$ 2,972	$ 3,305
Percentage of Amount Assumed to Net	0.00%	0.00%	0.00%

Schedule V - Valuation and Q193

Schedule V - Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 396	$ 451	$ 549
Charged to Costs and Expenses	38	44	(42)
Other	(3)	0	(1)
Deductions	185	96	48
Effect of Foreign Exchange Rates	(1)	(3)	(7)
Balance at End of Period	245	396	451
Allowance for losses on commercial mortgage and other loans
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	119	216	269
Charged to Costs and Expenses	0	0	0
Other	0	0	0
Deductions	7	96	48
Effect of Foreign Exchange Rates	0	(1)	(5)
Balance at End of Period	112	119	216
Valuation allowance on deferred tax asset
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	277	235	280
Charged to Costs and Expenses	38	44	(42)
Other	(3)	0	(1)
Deductions	178	0	0
Effect of Foreign Exchange Rates	(1)	(2)	(2)
Balance at End of Period	$ 133	$ 277	$ 235