Closed Block (Tables)

12 Months Ended

Dec. 31, 2012

Closed Block [Abstract]

Information regarding the closed block liabilities and assets

	December 31,
	2012			2011
	(In millions)
Closed Block Liabilities
Future policy benefits	$	42,586		$	43,169
Other policy-related balances		298			358
Policyholder dividends payable		466			514
Policyholder dividend obligation		3,828			2,919
Other liabilities		602			613
Total closed block liabilities		47,780			47,573
Assets Designated to the Closed Block
Investments:
Fixed maturity securities available-for-sale, at estimated fair value		30,546			30,407
Equity securities available-for-sale, at estimated fair value		41			35
Mortgage loans		6,192			6,206
Policy loans		4,670			4,657
Real estate and real estate joint ventures		459			364
Other invested assets		953			857
Total investments		42,861			42,526
Cash and cash equivalents		381			249
Accrued investment income		481			509
Premiums, reinsurance and other receivables		107			109
Current income tax recoverable		2			53
Deferred income tax assets		319			362
Total assets designated to the closed block		44,151			43,808
Excess of closed block liabilities over assets designated to the closed block		3,629			3,765
Amounts included in accumulated other comprehensive income (loss):
Unrealized investment gains (losses), net of income tax		2,891			2,394
Unrealized gains (losses) on derivatives, net of income tax		9			11
Allocated to policyholder dividend obligation, net of income tax		(2,488	)		(1,897	)
Total amounts included in accumulated other comprehensive income (loss)		412			508
Maximum future earnings to be recognized from closed block assets and liabilities	$	4,041		$	4,273

Closed block policyholder dividend obligation

	Years Ended December 31,
	2012		2011		2010
	(In millions)
Balance at January 1,	$	2,919	$	876	$	—
Change in unrealized investment and derivative gains (losses)		909		2,043		876
Balance at December 31,	$	3,828	$	2,919	$	876

Information regarding the closed block revenues and expenses

	Years Ended December 31,
	2012			2011		2010
	(In millions)
Revenues
Premiums	$	2,139		$	2,306	$	2,461
Net investment income		2,188			2,231		2,292
Net investment gains (losses)		61			32		39
Net derivative gains (losses)		(12	)		8		(27	)
Total revenues		4,376			4,577		4,765
Expenses
Policyholder benefits and claims		2,783			2,991		3,115
Policyholder dividends		1,072			1,137		1,235
Other expenses		179			193		199
Total expenses		4,034			4,321		4,549
Revenues, net of expenses before provision for income tax expense (benefit)		342			256		216
Provision for income tax expense (benefit)		120			89		71
Revenues, net of expenses and provision for income tax expense (benefit) from continuing operations		222			167		145
Revenues, net of expenses and provision for income tax expense (benefit) from discontinued operations		10			1		1
Revenues, net of expenses and provision for income tax expense (benefit)	$	232		$	168	$	146