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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Premiums $ 142 $ 147 $ 441 $ 442
Contract charges 192 264 652 788
Net investment income 461 621 1,612 1,861
Realized capital gains and losses:        
Total other-than-temporary impairment losses (19) (25) (41) (41)
Portion of loss recognized in other comprehensive income 0 8 (1) (2)
Net other-than-temporary impairment losses recognized in earnings (19) (17) (42) (43)
Sales and other realized capital gains and losses 47 1 60 104
Total realized capital gains and losses 28 (16) 18 61
Total revenues 823 1,016 2,723 3,152
Costs and expenses        
Contract benefits 356 422 1,101 1,199
Interest credited to contractholder funds 191 310 696 953
Amortization of deferred policy acquisition costs 36 73 124 177
Operating costs and expenses 75 102 232 333
Restructuring and related charges (1) 4 2 6
Interest expense 4 4 12 19
Total costs and expenses 661 915 2,167 2,687
Loss on disposition of operations (27) (646) (71) (643)
Income (loss) from operations before income tax expense (benefit) 135 (545) 485 (178)
Income tax expense (benefit) 51 (151) 142 (43)
Net income (loss) 84 (394) 343 (135)
Other comprehensive income (loss), after-tax        
Change in unrealized net capital gains and losses 24 (45) 345 (581)
Change in unrealized foreign currency translation adjustments 0 0 1 0
Other comprehensive income (loss), after-tax 24 (45) 346 (581)
Comprehensive income (loss) $ 108 $ (439) $ 689 $ (716)