Segment Information (Tables)

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

	Operating Earnings
	Americas
Nine Months Ended September 30, 2012	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	4,804		$	11,021		$	1,480		$	1,948		$	19,253		$	6,215		$	1,815		$	43		$	27,326		$	60		$	27,386
Universal life and investment-type product policy fees	3,365			497			161			581			4,604			1,102			233			117			6,056			250			6,306
Net investment income	5,735			1,325			4,253			881			12,194			2,150			406			547			15,297			1,139			16,436
Other revenues	647			320			193			11			1,171			17			98			27			1,313			132			1,445
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			(152		)	(152		)
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			(604		)	(604		)
Total revenues	14,551			13,163			6,087			3,421			37,222			9,484			2,552			734			49,992			825			50,817
Expenses
Policyholder benefits and claims and policyholder dividends	6,668			10,153			3,293			1,667			21,781			4,250			941			94			27,066			942			28,008
Interest credited to policyholder account balances	1,784			127			1,016			289			3,216			1,323			91			23			4,653			1,028			5,681
Goodwill impairment	—			—			—			—			—			—			—			—			—			1,868			1,868
Capitalization of DAC	(1,352		)	(102		)	(28		)	(238		)	(1,720		)	(1,721		)	(535		)	—			(3,976		)	(5		)	(3,981		)
Amortization of DAC and VOBA	1,319			98			18			151			1,586			1,188			456			1			3,231			(30		)	3,201
Amortization of negative VOBA	—			—			—			(4		)	(4		)	(387		)	(65		)	—			(456		)	(50		)	(506		)
Interest expense on debt	—			1			6			(3		)	4			5			3			886			898			128			1,026
Other expenses	4,060			1,692			368			1,002			7,122			3,550			1,333			409			12,414			1,187			13,601
Total expenses	12,479			11,969			4,673			2,864			31,985			8,208			2,224			1,413			43,830			5,068			48,898
Provision for income tax expense (benefit)	703			401			495			122			1,721			437			116			(516		)	1,758			(1,048		)	710
Operating earnings	$	1,369		$	793		$	919		$	435		$	3,516		$	839		$	212		$	(163	)	4,404
Adjustments to:
Total revenues																									825
Total expenses																									(5,068		)
Provision for income tax (expense) benefit																									1,048
Income (loss) from continuing operations, net of income tax																									$	1,209					$	1,209

	Operating Earnings
	Americas
Nine Months Ended September 30, 2013	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	4,735		$	11,438		$	1,457		$	2,077		$	19,707		$	5,900		$	1,711		$	84		$	27,402		$	1		$	27,403
Universal life and investment-type product policy fees	3,662			521			187			682			5,052			1,324			287			105			6,768			266			7,034
Net investment income	5,876			1,384			4,302			912			12,474			2,151			372			282			15,279			1,106			16,385
Other revenues	767			316			208			9			1,300			63			82			22			1,467			(21		)	1,446
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			339			339
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			(2,866		)	(2,866		)
Total revenues	15,040			13,659			6,154			3,680			38,533			9,438			2,452			493			50,916			(1,175		)	49,741
Expenses
Policyholder benefits and claims and policyholder dividends	6,659			10,681			3,352			1,792			22,484			4,354			736			52			27,626			1,155			28,781
Interest credited to policyholder account balances	1,750			116			940			313			3,119			1,286			109			33			4,547			1,489			6,036
Goodwill impairment	—			—			—			—			—			—			—			—			—			—			—
Capitalization of DAC	(1,036		)	(105		)	(25		)	(316		)	(1,482		)	(1,583		)	(542		)	(14		)	(3,621		)	—			(3,621		)
Amortization of DAC and VOBA	1,042			104			21			220			1,387			1,186			526			1			3,100			(477		)	2,623
Amortization of negative VOBA	—			—			—			(2		)	(2		)	(325		)	(41		)	—			(368		)	(42		)	(410		)
Interest expense on debt	—			1			7			—			8			—			—			855			863			96			959
Other expenses	3,788			1,761			398			1,157			7,104			3,188			1,351			489			12,132			457			12,589
Total expenses	12,203			12,558			4,693			3,164			32,618			8,106			2,139			1,416			44,279			2,678			46,957
Provision for income tax expense (benefit)	971			370			512			115			1,968			412			73			(635		)	1,818			(1,510		)	308
Operating earnings	$	1,866		$	731		$	949		$	401		$	3,947		$	920		$	240		$	(288	)	4,819
Adjustments to:
Total revenues																									(1,175		)
Total expenses																									(2,678		)
Provision for income tax (expense) benefit																									1,510
Income (loss) from continuing operations, net of income tax																									$	2,476					$	2,476

	Operating Earnings
	Americas
Three Months Ended September 30, 2012	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	1,604		$	3,753		$	450		$	610		$	6,417		$	2,112		$	536		$	15		$	9,080		$	16		$	9,096
Universal life and investment-type product policy fees	1,132			166			53			189			1,540			388			82			38			2,048			83			2,131
Net investment income	1,930			450			1,421			299			4,100			709			122			117			5,048			469			5,517
Other revenues	221			100			64			3			388			4			35			8			435			20			455
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			22			22
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			(718		)	(718		)
Total revenues	4,887			4,469			1,988			1,101			12,445			3,213			775			178			16,611			(108		)	16,503
Expenses
Policyholder benefits and claims and policyholder dividends	2,228			3,449			1,070			507			7,254			1,455			255			31			8,995			303			9,298
Interest credited to policyholder account balances	598			42			339			99			1,078			468			32			11			1,589			513			2,102
Goodwill impairment	—			—			—			—			—			—			—			—			—			1,868			1,868
Capitalization of DAC	(430		)	(38		)	(13		)	(83		)	(564		)	(579		)	(158		)	—			(1,301		)	(1		)	(1,302		)
Amortization of DAC and VOBA	438			40			4			42			524			396			130			1			1,051			(43		)	1,008
Amortization of negative VOBA	—			—			—			(1		)	(1		)	(128		)	(26		)	—			(155		)	(15		)	(170		)
Interest expense on debt	—			1			2			(4		)	(1		)	—			2			285			286			40			326
Other expenses	1,308			547			120			353			2,328			1,206			440			146			4,120			263			4,383
Total expenses	4,142			4,041			1,522			913			10,618			2,818			675			474			14,585			2,928			17,513
Provision for income tax expense (benefit)	253			145			163			36			597			136			38			(192		)	579			(632		)	(53		)
Operating earnings	$	492		$	283		$	303		$	152		$	1,230		$	259		$	62		$	(104	)	1,447
Adjustments to:
Total revenues																									(108		)
Total expenses																									(2,928		)
Provision for income tax (expense) benefit																									632
Income (loss) from continuing operations, net of income tax																									$	(957	)				$	(957	)

	Operating Earnings
	Americas
Three Months Ended September 30, 2013	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	1,607		$	3,767		$	490		$	692		$	6,556		$	1,922		$	586		$	30		$	9,094		$	—		$	9,094
Universal life and investment-type product policy fees	1,257			171			54			222			1,704			438			100			34			2,276			96			2,372
Net investment income	1,928			459			1,424			354			4,165			696			124			58			5,043			(17		)	5,026
Other revenues	267			103			68			—			438			22			21			5			486			(10		)	476
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			(85		)	(85		)
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			(546		)	(546		)
Total revenues	5,059			4,500			2,036			1,268			12,863			3,078			831			127			16,899			(562		)	16,337
Expenses
Policyholder benefits and claims and policyholder dividends	2,234			3,527			1,144			637			7,542			1,506			243			25			9,316			468			9,784
Interest credited to policyholder account balances	582			38			292			106			1,018			407			37			10			1,472			128			1,600
Goodwill impairment	—			—			—			—			—			—			—			—			—			—			—
Capitalization of DAC	(318		)	(37		)	(2		)	(103		)	(460		)	(515		)	(173		)	(5		)	(1,153		)	—			(1,153		)
Amortization of DAC and VOBA	315			37			4			63			419			393			166			1			979			(138		)	841
Amortization of negative VOBA	—			—			—			(1		)	(1		)	(99		)	(13		)	—			(113		)	(13		)	(126		)
Interest expense on debt	(1		)	—			3			—			2			—			—			286			288			29			317
Other expenses	1,245			595			134			395			2,369			1,040			443			179			4,031			67			4,098
Total expenses	4,057			4,160			1,575			1,097			10,889			2,732			703			496			14,820			541			15,361
Provision for income tax expense (benefit)	343			114			161			38			656			89			43			(239		)	549			(546		)	3
Operating earnings	$	659		$	226		$	300		$	133		$	1,318		$	257		$	85		$	(130	)	1,530
Adjustments to:
Total revenues																									(562		)
Total expenses																									(541		)
Provision for income tax (expense) benefit																									546
Income (loss) from continuing operations, net of income tax																									$	973					$	973

The following table presents total assets with respect to the Company’s segments, as well as Corporate & Other, at:

	September 30, 2013		December 31, 2012
	(In millions)
Retail	$	342,665	$	332,387
Group, Voluntary & Worksite Benefits	43,648		44,138
Corporate Benefit Funding	218,819		217,352
Latin America	24,116		23,272
Asia	119,742		131,138
EMEA	24,203		23,474
Corporate & Other	49,450		65,020
Total	$	822,643	$	836,781