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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Insurance premiums $ 594 $ 551 $ 1,162 $ 1,083
Insurance fees 900 793 1,718 1,581
Net investment income 1,181 1,120 2,372 2,226
Realized gain (loss):        
Total other-than-temporary impairment losses on securities (45) (11) (90) (88)
Portion of loss recognized in other comprehensive income 15 0 21 24
Net other-than-temporary impairment losses on securities recognized in earnings (30) (11) (69) (64)
Realized gain (loss), excluding other-than-temporary impairment losses on securities 17 16 54 43
Total realized gain (loss) (13) 5 (15) (21)
Amortization of deferred gain on business sold through reinsurance 19 19 38 38
Other revenues and fees 123 117 243 225
Total revenues 2,804 2,605 5,518 5,132
Benefits and Expenses        
Interest credited 625 614 1,239 1,232
Benefits 1,028 838 1,862 1,617
Underwriting, acquisition, insurance and other expenses 638 754 1,362 1,467
Interest and debt expense 72 69 144 137
Total benefits and expenses 2,363 2,275 4,607 4,453
Income (loss) from continuing operations before taxes 441 330 911 679
Federal income tax expense (benefit) 116 78 246 171
Income (loss) from continuing operations 325 252 665 508
Income (loss) from discontinued operations, net of federal income taxes 0 3 0 31
Net income (loss) 325 255 665 539
Preferred stock dividends and accretion of discount 0 (149) 0 (168)
Net income (loss) available to common stockholders $ 325 $ 106 $ 665 $ 371
Earnings (Loss) Per Common Share - Basic        
Income (loss) from continuing operations (in dollars per share) $ 1.04 $ 0.34 $ 2.12 $ 1.12
Income (loss) from discontinued operations (in dollars per share) $ 0 $ 0.01 $ 0 $ 0.10
Net income (loss) (in dollars per share) $ 1.04 $ 0.35 $ 2.12 $ 1.22
Earnings (Loss) Per Common Share - Diluted        
Income (loss) from continuing operations (in dollars per share) $ 1.01 $ 0.32 $ 2.07 $ 1.08
Income (loss) from discontinued operations (in dollars per share) $ 0 $ 0.01 $ 0 $ 0.10
Net income (loss) (in dollars per share) $ 1.01 $ 0.33 $ 2.07 $ 1.18