XML 38 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Insurance premiums $ 589 $ 568
Insurance fees 907 818
Net investment income 1,166 1,191
Realized gain (loss):    
Total other-than-temporary impairment losses on securities (97) (44)
Portion of loss recognized in other comprehensive income 50 3
Net other-than-temporary impairment losses on securities recognized in earnings (47) (41)
Realized gain (loss), excluding other-than-temporary impairment losses on securities (38) 43
Total realized gain (loss) (85) 2
Amortization of deferred gain on business sold through reinsurance 19 19
Other revenues and fees 118 120
Total revenues 2,714 2,718
Benefits and Expenses    
Interest credited 625 614
Benefits 858 835
Underwriting, acquisition, insurance and other expenses 856 768
Interest and debt expense 68 72
Total benefits and expenses 2,407 2,289
Income (loss) from continuing operations before taxes 307 429
Federal income tax expense (benefit) 61 115
Income (loss) from continuing operations 246 314
Income (loss) from discontinued operations, net of federal income taxes (1) 0
Net income (loss) 245 314
Other comprehensive income, net of tax (57) 22
Comprehensive income $ 188 $ 336
Earnings (Loss) Per Common Share - Basic    
Income (loss) from continuing operations (in dollars per share) $ 0.85 $ 1.00
Income (loss) from discontinued operations (in dollars per share) $ 0 $ 0
Net income (loss) (in dollars per share) $ 0.85 $ 1.00
Earnings (Loss) Per Common Share - Diluted    
Income (loss) from continuing operations (in dollars per share) $ 0.83 $ 0.97
Income (loss) from discontinued operations (in dollars per share) $ 0 $ 0
Net income (loss) (in dollars per share) $ 0.83 $ 0.97