XML 58 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Earnings) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Premiums $ 9,158 $ 9,161 $ 18,309 $ 18,290
Universal life and investment-type product policy fees 2,371 2,097 4,662 4,175
Net investment income 5,282 4,719 11,359 10,919
Other revenues 490 393 970 990
Net investment gains (losses) 110 (64) 424 (174)
Net derivative gains (losses) (1,690) 2,092 (2,320) 114
Total revenues 15,721 18,398 33,404 34,314
Expenses        
Policyholder benefits and claims and policyholder dividends 9,289 9,263 18,997 18,710
Interest credited to policyholder account balances 1,846 1,022 4,436 3,579
Capitalization of DAC (1,212) (1,315) (2,468) (2,679)
Amortization of DAC and VOBA 958 1,479 1,782 2,193
Amortization of negative VOBA (138) (181) (284) (336)
Interest expense on debt 321 342 642 700
Other expenses 4,096 4,450 8,491 9,218
Total expenses 15,160 15,060 31,596 31,385
Provision for income tax expense (benefit) 53 1,038 305 763
Income (loss) from continuing operations, net of income tax 508 2,300 1,503 2,166
Operating Segments [Member]
       
Revenues        
Premiums 9,157 9,139 18,308 18,246
Universal life and investment-type product policy fees 2,281 1,999 4,492 4,008
Net investment income 5,104 5,172 10,236 10,249
Other revenues 500 426 981 878
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 17,042 16,736 34,017 33,381
Expenses        
Policyholder benefits and claims and policyholder dividends 9,204 9,132 18,310 18,071
Interest credited to policyholder account balances 1,521 1,525 3,075 3,064
Capitalization of DAC (1,212) (1,313) (2,468) (2,675)
Amortization of DAC and VOBA 1,105 1,162 2,121 2,180
Amortization of negative VOBA (124) (164) (255) (301)
Interest expense on debt 287 297 575 612
Other expenses 4,014 4,051 8,101 8,294
Total expenses 14,795 14,690 29,459 29,245
Provision for income tax expense (benefit) 623 583 1,269 1,179
Operating earnings 1,624 1,463 3,289 2,957
Operating Segments [Member] | Americas [Member]
       
Revenues        
Premiums 6,591 6,434 13,151 12,836
Universal life and investment-type product policy fees 1,708 1,537 3,348 3,064
Net investment income 4,183 4,047 8,309 8,094
Other revenues 434 397 862 783
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 12,916 12,415 25,670 24,777
Expenses        
Policyholder benefits and claims and policyholder dividends 7,497 7,302 14,942 14,527
Interest credited to policyholder account balances 1,036 1,061 2,101 2,138
Capitalization of DAC (493) (558) (1,022) (1,156)
Amortization of DAC and VOBA 518 563 968 1,062
Amortization of negative VOBA 0 (1) (1) (3)
Interest expense on debt 5 2 6 5
Other expenses 2,354 2,368 4,735 4,794
Total expenses 10,917 10,737 21,729 21,367
Provision for income tax expense (benefit) 668 550 1,312 1,124
Operating earnings 1,331 1,128 2,629 2,286
Operating Segments [Member] | Latin America [Member]
       
Revenues        
Premiums 710 652 1,385 1,338
Universal life and investment-type product policy fees 235 196 460 392
Net investment income 281 283 558 582
Other revenues 5 3 9 8
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 1,231 1,134 2,412 2,320
Expenses        
Policyholder benefits and claims and policyholder dividends 601 568 1,155 1,160
Interest credited to policyholder account balances 103 90 207 190
Capitalization of DAC (108) (71) (213) (155)
Amortization of DAC and VOBA 83 54 157 109
Amortization of negative VOBA 0 (1) (1) (3)
Interest expense on debt 1 0 0 1
Other expenses 390 323 762 649
Total expenses 1,070 963 2,067 1,951
Provision for income tax expense (benefit) 36 36 77 86
Operating earnings 125 135 268 283
Operating Segments [Member] | Asia [Member]
       
Revenues        
Premiums 1,980 2,064 3,978 4,103
Universal life and investment-type product policy fees 442 352 886 714
Net investment income 723 760 1,455 1,441
Other revenues 28 (3) 41 13
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 3,173 3,173 6,360 6,271
Expenses        
Policyholder benefits and claims and policyholder dividends 1,433 1,435 2,848 2,795
Interest credited to policyholder account balances 437 426 879 855
Capitalization of DAC (522) (555) (1,068) (1,142)
Amortization of DAC and VOBA 392 419 793 792
Amortization of negative VOBA (113) (128) (226) (259)
Interest expense on debt 0 4 0 5
Other expenses 1,054 1,153 2,148 2,344
Total expenses 2,681 2,754 5,374 5,390
Provision for income tax expense (benefit) 162 140 323 301
Operating earnings 330 279 663 580
Operating Segments [Member] | Europe, the Middle East and Africa [Member]
       
Revenues        
Premiums 558 627 1,125 1,279
Universal life and investment-type product policy fees 96 71 187 151
Net investment income 120 127 248 284
Other revenues 34 27 61 63
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 808 852 1,621 1,777
Expenses        
Policyholder benefits and claims and policyholder dividends 256 343 493 686
Interest credited to policyholder account balances 37 26 72 59
Capitalization of DAC (192) (200) (369) (377)
Amortization of DAC and VOBA 195 180 360 326
Amortization of negative VOBA (11) (35) (28) (39)
Interest expense on debt (1) 1 0 1
Other expenses 460 422 908 893
Total expenses 744 737 1,436 1,549
Provision for income tax expense (benefit) (4) 37 30 78
Operating earnings 68 78 155 150
Operating Segments [Member] | Retail [Member]
       
Revenues        
Premiums 1,581 1,576 3,128 3,200
Universal life and investment-type product policy fees 1,238 1,119 2,405 2,233
Net investment income 1,987 1,894 3,948 3,805
Other revenues 257 217 500 426
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 5,063 4,806 9,981 9,664
Expenses        
Policyholder benefits and claims and policyholder dividends 2,272 2,212 4,425 4,440
Interest credited to policyholder account balances 589 590 1,168 1,186
Capitalization of DAC (344) (446) (718) (922)
Amortization of DAC and VOBA 396 477 727 881
Amortization of negative VOBA 0 0 0 0
Interest expense on debt 1 0 1 0
Other expenses 1,265 1,355 2,543 2,752
Total expenses 4,179 4,188 8,146 8,337
Provision for income tax expense (benefit) 303 210 628 450
Operating earnings 581 408 1,207 877
Operating Segments [Member] | Group, Voluntary & Worksite Benefits [Member]
       
Revenues        
Premiums 3,797 3,683 7,671 7,268
Universal life and investment-type product policy fees 170 165 350 331
Net investment income 472 439 925 875
Other revenues 105 112 213 220
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 4,544 4,399 9,159 8,694
Expenses        
Policyholder benefits and claims and policyholder dividends 3,514 3,391 7,154 6,704
Interest credited to policyholder account balances 39 43 78 85
Capitalization of DAC (35) (33) (68) (64)
Amortization of DAC and VOBA 33 28 67 58
Amortization of negative VOBA 0 0 0 0
Interest expense on debt 1 0 1 0
Other expenses 578 570 1,166 1,145
Total expenses 4,130 3,999 8,398 7,928
Provision for income tax expense (benefit) 139 133 256 256
Operating earnings 275 267 505 510
Operating Segments [Member] | Corporate Benefit Funding [Member]
       
Revenues        
Premiums 503 523 967 1,030
Universal life and investment-type product policy fees 65 57 133 108
Net investment income 1,443 1,431 2,878 2,832
Other revenues 67 65 140 129
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 2,078 2,076 4,118 4,099
Expenses        
Policyholder benefits and claims and policyholder dividends 1,110 1,131 2,208 2,223
Interest credited to policyholder account balances 305 338 648 677
Capitalization of DAC (6) (8) (23) (15)
Amortization of DAC and VOBA 6 4 17 14
Amortization of negative VOBA 0 0 0 0
Interest expense on debt 2 2 4 4
Other expenses 121 120 264 248
Total expenses 1,538 1,587 3,118 3,151
Provision for income tax expense (benefit) 190 171 351 332
Operating earnings 350 318 649 616
Operating Segments [Member] | Corporate & Other [Member]
       
Revenues        
Premiums 28 14 54 28
Universal life and investment-type product policy fees 35 39 71 79
Net investment income 78 238 224 430
Other revenues 4 5 17 19
Net investment gains (losses) 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total revenues 145 296 366 556
Expenses        
Policyholder benefits and claims and policyholder dividends 18 52 27 63
Interest credited to policyholder account balances 11 12 23 12
Capitalization of DAC (5) 0 (9) 0
Amortization of DAC and VOBA 0 0 0 0
Amortization of negative VOBA 0 0 0 0
Interest expense on debt 283 290 569 601
Other expenses 146 108 310 263
Total expenses 453 462 920 939
Provision for income tax expense (benefit) (203) (144) (396) (324)
Operating earnings (105) (22) (158) (59)
Significant Reconciling Items [Member]
       
Revenues        
Premiums 1 22 1 44
Universal life and investment-type product policy fees 90 98 170 167
Net investment income 178 (453) 1,123 670
Other revenues (10) (33) (11) 112
Net investment gains (losses) 110 (64) 424 (174)
Net derivative gains (losses) (1,690) 2,092 (2,320) 114
Total revenues (1,321) 1,662 (613) 933
Expenses        
Policyholder benefits and claims and policyholder dividends 85 131 687 639
Interest credited to policyholder account balances 325 (503) 1,361 515
Capitalization of DAC 0 (2) 0 (4)
Amortization of DAC and VOBA (147) 317 (339) 13
Amortization of negative VOBA (14) (17) (29) (35)
Interest expense on debt 34 45 67 88
Other expenses 82 399 390 924
Total expenses 365 370 2,137 2,140
Provision for income tax expense (benefit) $ (570) $ 455 $ (964) $ (416)