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Realized Gain (Loss) (Tables)
3 Months Ended
Mar. 31, 2013
Realized (Gain) Loss [Abstract]  
Details underlying realized (gain) loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended March 31,

 

 

2013

 

2012

Total realized gain (loss) related to certain investments (1)

 

$

(14)

 

$

(48)

Realized gain (loss) on the mark-to-market on certain instruments (2)

 

 

 

 

58 

Indexed annuity and universal life net derivative results: (3)

 

 

 

 

 

 

Gross gain (loss)  

 

 

(8)

 

 

22 

Associated amortization of DAC, VOBA, DSI and DFEL 

 

 

 

 

(6)

Variable annuity net derivatives results: (4)

 

 

 

 

 

 

Gross gain (loss) 

 

 

(50)

 

 

(133)

Associated amortization of DAC, VOBA, DSI and DFEL 

 

 

 

 

22 

Total realized gain (loss) 

 

$

(54)

 

$

(85)

 

 

(1)

See “Realized Gain (Loss) Related to Certain Investments” section in Note 5.

(2)

Represents changes in the fair values of certain derivative investments (including those associated with our consolidated VIEs), total return swaps (embedded derivatives that are theoretically included in our various modified coinsurance and coinsurance with funds withheld reinsurance arrangements that have contractual returns related to various assets and liabilities associated with these arrangements) and trading securities.

(3)

Represents the net difference between the change in the fair value of the S&P 500 call options that we hold and the change in the fair value of the embedded derivative liabilities of our indexed annuity and universal life products along with changes in the fair value of embedded derivative liabilities related to index call options we may purchase in the future to hedge contract holder index allocations applicable to future reset periods for our indexed annuity products. 

(4)

Includes the net difference in the change in embedded derivative reserves of our GLB products and the change in the fair value of the derivative instruments we own to hedge GDB and GLB products, including the cost of purchasing the hedging instruments.