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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Premiums (net of reinsurance ceded of $402, $447 and $485) $ 593 $ 624 $ 592
Contract charges (net of reinsurance ceded of $252, $283 and $291) 1,029 1,008 991
Net investment income 2,597 2,637 2,760
Realized capital gains and losses:      
Total other-than-temporary impairment losses (60) (279) (591)
Portion of loss recognized in other comprehensive income (8) (14) (45)
Net other-than-temporary impairment losses recognized in earnings (68) (293) (636)
Sales and other realized capital gains and losses 52 683 123
Total realized capital gains and losses (16) 390 (513)
Total revenues 4,203 4,659 3,830
Costs and expenses      
Contract benefits (net of reinsurance ceded of $644, $631 and $673) 1,521 1,502 1,496
Interest credited to contractholder funds (net of reinsurance ceded of $28, $27 and $32) 1,289 1,608 1,764
Amortization of deferred policy acquisition costs 324 430 220
Operating costs and expenses 437 394 408
Restructuring and related charges   1 (3)
Interest expense 45 45 44
Total costs and expenses 3,616 3,980 3,929
Gain on disposition of operations 18 15 14
Income (loss) from operations before income tax expense (benefit) 605 694 (85)
Income tax expense (benefit) 179 225 (45)
Net income (loss) 426 469 (40)
Other comprehensive income, after-tax      
Change in unrealized net capital gains and losses 821 275 1,408
Change in unrealized foreign currency translation adjustments   (1)  
Other comprehensive income, after-tax 821 274 1,408
Comprehensive income $ 1,247 $ 743 $ 1,368