Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued operations in Condensed Consolidated Statements of Operations

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Revenues
Earned premiums	$	—		$	(2	)	$	(2	)	$	(7	)
Fee income	—			139			$	8		420
Net investment income (loss)
Securities available-for-sale and other	(1		)	2			(3		)	8
Equity securities, trading	—			75			138			155
Total net investment income (loss)	(1		)	77			135			163
Net realized capital gains (losses)	(7		)	24			(17		)	72
Total revenues	(8		)	238			124			648
Benefits, losses and expenses
Benefits, losses and loss adjustment expenses	—			—			1			2
Benefits, losses and loss adjustment expenses - returns credited on international variable annuity	—			75			138			155
Amortization of DAC	—			8			—			26
Insurance operating costs and other expenses	(6		)	116			(39		)	327
Total benefits, losses and expenses	(6		)	199			100			510
Income before income taxes	(2		)	39			24			138
Income tax expense (benefit)	(1		)	9			1			28
Income (loss) from operations of discontinued operations, net of tax	(1		)	30			23			110
Net realized capital loss on disposal, net of tax	—			—			(51		)	—
Income (loss) from discontinued operations, net of tax	$	(1	)	$	30		$	(28	)	$	110

[1] Includes an income tax benefit of $298 on the sale of HLIL for nine months ended September 30, 2013.

The carrying values of the assets and liabilities of HLIL classified as held for sale in the Condensed Consolidated Balance Sheets are as follows:

	As of September 30, 2013
Assets
Fixed maturities	$	469
Equity securities, trading	1,732
Short-term investments	2
Cash	115
Other assets	(316		)
Total assets held for sale	$	2,002
Liabilities
Other policyholder funds and benefits payable – international variable annuities	1,732
Other liabilities	(9		)
Total liabilities held for sale	$	1,723