General (Tables)

9 Months Ended

Sep. 30, 2012

General

Summary of premiums and contract charges by product

($ in millions)		Three months ended				Nine months ended
		September 30,				September 30,
		2012		2011		2012		2011
Premiums
Traditional life insurance	$	111	$	105	$	334	$	314
Immediate annuities with life contingencies		10		16		36		74
Accident and health insurance		24		24		73		73
Total premiums		145		145		443		461
Contract charges
Interest-sensitive life insurance		256		248		756		729
Fixed annuities		5		7		16		24
Total contract charges		261		255		772		753
Total premiums and contract charges	$	406	$	400	$	1,215	$	1,214

Summary of impacts of the retrospective adjustments on previously issued financial statements

($ in millions)		Three months ended September 30, 2011				Nine months ended September 30, 2011
		Previously Reported		As Adjusted		Previously Reported		As Adjusted
Amortization of DAC	$	198	$	166	$	412	$	345
Operating costs and expenses		73		91		229		285
Gain on disposition of operations		2		4		6		13
Income tax expense		75		81		184		190
Net income		150		160		374		386
		As of December 31, 2011
		Previously Reported		As Adjusted
DAC		2,588		2,165
Reserve for life-contingent contract benefits		13,709		13,666
Other liabilities and accrued expenses		1,043		1,092
Deferred income taxes		971		821
Retained income		2,377		2,060
Unrealized adjustment to DAC, DSI and insurance reserves		(502)		(464)