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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues      
Premiums (net of reinsurance ceded of $447, $485 and $528) $ 624 $ 592 $ 581
Contract charges (net of reinsurance ceded of $283, $291 and $278) 1,008 991 952
Net investment income 2,637 2,760 2,974
Realized capital gains and losses:      
Total other-than-temporary impairment losses (279) (591) (1,592)
Portion of loss recognized in other comprehensive income (14) (45) 316
Net other-than-temporary impairment losses recognized in earnings (293) (636) (1,276)
Sales and other realized capital gains and losses 683 123 856
Total realized capital gains and losses 390 (513) (420)
Total revenues 4,659 3,830 4,087
Costs and expenses      
Contract benefits (net of reinsurance ceded of $631, $673 and $601) 1,502 1,496 1,402
Interest credited to contractholder funds (net of reinsurance ceded of $27, $32 and $32) 1,608 1,764 2,076
Amortization of deferred policy acquisition costs 430 220 761
Operating costs and expenses 394 408 405
Restructuring and related charges 1 (3) 24
Interest expense 45 44 42
Total costs and expenses 3,980 3,929 4,710
Gain on disposition of operations 15 14 15
Income (loss) from operations before income tax expense (benefit) 694 (85) (608)
Income tax expense (benefit) 225 (45) (94)
Net income (loss) 469 (40) (514)
Other comprehensive income, after-tax      
Change in unrealized net capital gains and losses 275 1,408 1,877
Change in unrealized foreign currency translation adjustments (1)    
Other comprehensive income, after-tax 274 1,408 1,877
Comprehensive income $ 743 $ 1,368 $ 1,363