Recent Accounting Pronouncements (Tables)

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2011

Jun. 30, 2011

Dec. 31, 2011

Recent Accounting Pronouncements

Impact of ASU 2010-26 Adoption on Consolidated Financial Statements and International Segment

Condensed Consolidated Statement of Income
Three Months Ended June 30, 2011
				Effect of
				amended		As
		As previously		accounting		retrospectively
(in millions)		reported		guidance		adjusted
Revenues, excluding other revenues	$	5,436	$		$	5,436
Other revenues		73		(2)		71
Total Revenues		5,509		(2)		5,507
Benefits and expenses, excluding other operating expenses		3,418				3,418
Other operating expenses		1,475		22		1,497
Total benefits and expenses		4,893		22		4,915
Income before Income Taxes		616		(24)		592
Current income taxes		138				138
Deferred income taxes		70		(7)		63
Total taxes		208		(7)		201
Net income		408		(17)		391
Less: Net income attributable to Noncontrolling Interest		-				-
Shareholders' Net Income	$	408	$	(17)	$	391
Earnings per share:
Basic	$	1.52	$	(0.06)	$	1.46
Diluted	$	1.50	$	(0.07)	$	1.43

Condensed Consolidated Statement of Cash Flows
Six Months Ended June 30, 2011
										Effect of
										amended		As
								As previously		accounting		retrospectively
(in millions)								reported		guidance		adjusted
Net income							$	838	$	(33)	$	805
Deferred income taxes								218		(12)		206
Deferred policy acquisition expenses								(116)		41		(75)
Other assets								(44)		4		(40)
Note 16
Segment information: International
		Three Months Ended June 30, 2011						Six Months Ended June 30, 2011
				Effect of						Effect of
				amended		As				amended		As
		As previously		accounting		retrospectively		As previously		accounting		retrospectively
(in millions)		reported		guidance		adjusted		reported		guidance		adjusted
Premiums and fees and other revenues	$	742	$	(2)	$	740	$	1,448	$	(4)	$	1,444
Segment earnings		74		(17)		57		151		(33)		118

Condensed Consolidated Statement of Income
Six Months Ended June 30, 2011
				Effect of
				amended		As
		As previously		accounting		retrospectively
(in millions)		reported		guidance		adjusted
Revenues, excluding other revenues	$	10,813	$		$	10,813
Other revenues		109		(4)		105
Total Revenues		10,922		(4)		10,918
Benefits and expenses, excluding other operating expenses		6,749				6,749
Other operating expenses		2,957		41		2,998
Total benefits and expenses		9,706		41		9,747
Income before Income Taxes		1,216		(45)		1,171
Current income taxes		160				160
Deferred income taxes		218		(12)		206
Total taxes		378		(12)		366
Net income		838		(33)		805
Less: Net income attributable to Noncontrolling Interest		1				1
Shareholders' Net Income	$	837	$	(33)	$	804
Earnings per share:
Basic	$	3.11	$	(0.13)	$	2.98
Diluted	$	3.06	$	(0.12)	$	2.94

Condensed Consolidated Statement of Cash Flows
Six Months Ended June 30, 2011
										Effect of
										amended		As
								As previously		accounting		retrospectively
(in millions)								reported		guidance		adjusted
Net income							$	838	$	(33)	$	805
Deferred income taxes								218		(12)		206
Deferred policy acquisition expenses								(116)		41		(75)
Other assets								(44)		4		(40)
Note 16
Segment information: International
		Three Months Ended June 30, 2011						Six Months Ended June 30, 2011
				Effect of						Effect of
				amended		As				amended		As
		As previously		accounting		retrospectively		As previously		accounting		retrospectively
(in millions)		reported		guidance		adjusted		reported		guidance		adjusted
Premiums and fees and other revenues	$	742	$	(2)	$	740	$	1,448	$	(4)	$	1,444
Segment earnings		74		(17)		57		151		(33)		118

Condensed Consolidated Balance sheet
As of December 31, 2011
				Effect of
				amended		As
		As previously		accounting		retrospectively
(in millions)		reported		guidance		adjusted
Deferred policy acquisition costs	$	1,312	$	(495)	$	817
Deferred income taxes, net		632		171		803
Other assets, including other intangibles		1,776		(26)		1,750
All other assets		47,327				47,327
Total assets	$	51,047	$	(350)	$	50,697
Net translation of foreign currencies	$	(3)	$	6	$	3
Retained earnings		11,143		(356)		10,787
Other shareholders' equity		(2,796)				(2,796)
Total shareholders' equity	$	8,344	$	(350)	$	7,994