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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Premiums $ 152 $ 145 $ 298 $ 316
Contract charges 256 251 511 498
Net investment income 650 673 1,323 1,335
Realized capital gains and losses:        
Total other-than-temporary impairment losses (9) (41) (42) (123)
Portion of loss recognized in other comprehensive income 3 (6)   (13)
Net other-than-temporary impairment losses recognized in earnings (6) (47) (42) (136)
Sales and other realized capital gains and losses 13 119 27 253
Total realized capital gains and losses 7 72 (15) 117
Total revenues 1,065 1,141 2,117 2,266
Costs and expenses        
Contract benefits 388 350 752 732
Interest credited to contractholder funds 360 407 731 815
Amortization of deferred policy acquisition costs 59 76 140 179
Operating costs and expenses 109 99 221 194
Restructuring and related charges       (2)
Interest expense 11 11 22 22
Total costs and expenses 927 943 1,866 1,940
Gain on disposition of operations 3 4 6 9
Income from operations before income tax expense 141 202 257 335
Income tax expense 43 67 76 109
Net income 98 135 181 226
Other comprehensive income, after-tax        
Change in unrealized net capital gains and losses 160 130 388 236
Change in unrealized foreign currency translation adjustments 3 2 2 2
Other comprehensive income, after-tax 163 132 390 238
Comprehensive income $ 261 $ 267 $ 571 $ 464