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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Premiums $ 143 $ 150 $ 299 $ 295
Contract charges 193 260 460 524
Net investment income 525 619 1,151 1,240
Realized capital gains and losses:        
Total other-than-temporary impairment losses (14) (15) (22) (16)
Portion of loss recognized in other comprehensive income   (2) (1) (10)
Net other-than-temporary impairment losses recognized in earnings (14) (17) (23) (26)
Sales and other realized capital gains and losses 4 75 13 103
Total realized capital gains and losses (10) 58 (10) 77
Total revenues 851 1,087 1,900 2,136
Costs and expenses        
Contract benefits 334 396 745 777
Interest credited to contractholder funds 205 304 505 643
Amortization of deferred policy acquisition costs 43 51 88 104
Operating costs and expenses 76 114 157 231
Restructuring and related charges 1   3 2
Interest expense 4 7 8 15
Total costs and expenses 663 872 1,506 1,772
Gain (loss) on disposition of operations 15 1 (44) 3
Income from operations before income tax expense 203 216 350 367
Income tax expense 71 66 91 108
Net income 132 150 259 259
Other comprehensive (loss) income, after-tax        
Change in unrealized net capital gains and losses (4) (562) 321 (536)
Change in unrealized foreign currency translation adjustments   (1) 1  
Other comprehensive (loss) income, after-tax (4) (563) 322 (536)
Comprehensive income (loss) $ 128 $ (413) $ 581 $ (277)