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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, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Premiums $ 145 $ 145 $ 443 $ 461
Contract charges 261 255 772 753
Net investment income 621 661 1,944 1,996
Realized capital gains and losses:        
Total other-than-temporary impairment losses (9) (84) (51) (207)
Portion of loss recognized in other comprehensive income (4) (4) (4) (17)
Net other-than-temporary impairment losses recognized in earnings (13) (88) (55) (224)
Sales and other realized capital gains and losses (44) 306 (17) 559
Total realized capital gains and losses (57) 218 (72) 335
Total revenues 970 1,279 3,087 3,545
Costs and expenses        
Contract benefits 376 377 1,128 1,109
Interest credited to contractholder funds 208 396 939 1,211
Amortization of deferred policy acquisition costs 128 166 268 345
Operating costs and expenses 111 91 332 285
Restructuring and related charges       (2)
Interest expense 12 12 34 34
Total costs and expenses 835 1,042 2,701 2,982
Gain on disposition of operations 9 4 15 13
Income from operations before income tax expense 144 241 401 576
Income tax expense 41 81 117 190
Net income 103 160 284 386
Other comprehensive income, after-tax        
Change in unrealized net capital gains and losses 419 (23) 807 213
Change in unrealized foreign currency translation adjustments (3) 1 (1) 3
Other comprehensive income (loss), after-tax 416 (22) 806 216
Comprehensive income $ 519 $ 138 $ 1,090 $ 602