Discontinued Operations

12 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

On December 12, 2013, the Company completed the sale of HLIL, an indirect wholly-owned subsidiary of the Company. For further information regarding the sale of HLIL, see Note 2 - Business Dispositions of Notes to Consolidated Financial Statements.

On December 10, 2012, HLA received regulatory approval to reorganize its Mutual Funds business for the purpose of streamlining the business by consolidating the entities that provide services to the Mutual Funds business under a subsidiary of HLI, thereby separating its Mutual Funds business from its insurance business. Following the reorganization, the Company will no longer have any significant continuing involvement in HLI's Mutual Funds business. For further discussion of the reorganization of the Mutual Funds business, see Note 1 - Basis of Presentation and Significant Accounting Policies and Note 7 - Goodwill of Notes to Consolidated Financial Statements.

The Company does not expect these transactions to have a material impact on the Company’s future earnings. The results of operations reflected as discontinued operations in the Consolidated Statements of Operations, consisting of amounts related to HLIL and the Company's Mutual Funds business, are as follows:

	For the years ended December 31,
	2013			2012			2011
Revenues
Earned Premiums	$	(23	)	$	—		$	—
Fee income and other	14			563			609
Net investment income (loss)
Securities available-for-sale and other	(3		)	10			8
Equity securities, trading	139			201			(14		)
Total net investment income (loss)	136			211			(6		)
Net realized capital gains (losses)	(14		)	68			78
Total revenues	113			842			681
Benefits, losses and expenses
Benefits, losses and loss adjustment expenses	2			—			(1		)
Benefits, losses and loss adjustment expenses - returns credited on international variable annuity	139			201			(14		)
Amortization of DAC	—			35			47
Insurance operating costs and other expenses	(33		)	410			541
Goodwill impairment	—			149			—
Total benefits, losses and expenses	108			795			573
Income (loss) before income taxes	5			47			108
Income tax expense (benefit)	(5		)	(14		)	50
Income (loss) from operations of discontinued operations, net of tax	10			61			58
Net realized capital losses on disposal, net of tax	(51		)	—			—
Income (loss) from discontinued operations, net of tax	$	(41	)	$	61		$	58