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Subsequent Event
6 Months Ended
Jun. 30, 2012
Subsequent Event [Abstract]  
Subsequent Event

18. Subsequent Event

American Life U.K. Assumption Reinsurance

During July 2012, the Company completed the disposal, through assumption reinsurance, of certain closed blocks of business in the U.K., to a third party. Simultaneously, the Company recaptured from the third party the indemnity reinsurance agreement related to this business, previously reinsured as of July 1, 2011. These transactions resulted in a decrease in insurance and reinsurance assets and liabilities of approximately $4.1 billion and $4.1 billion, respectively. In the third quarter of 2012, the Company will recognize a gain of approximately $31 million, net of income tax, on the transactions.