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Investments (Tables)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2012
Investments Tables [Abstract]    
Realized gains and losses on investments table
 Three Months EndedSix Months Ended
 June 30,June 30,
(In millions)2012201120122011
Fixed maturities$ 3$ 29$ 15$ 50
Equity securities  -  1  4  4
Commercial mortgage loans  (7)  (16)  (10)  (16)
Real estate  -  -  (1)  -
Other investments, including derivatives  -  3  1  5
Realized investment gains (losses) before income taxes (benefits)  (4)  17  9  43
Less income taxes (benefits)  (1)  6  -  15
Net realized investment gains (losses)$ (3)$ 11$ 9$ 28
 Three Months EndedSix Months Ended
 June 30,June 30,
(In millions)2012201120122011
Fixed maturities$ 3$ 29$ 15$ 50
Equity securities  -  1  4  4
Commercial mortgage loans  (7)  (16)  (10)  (16)
Real estate  -  -  (1)  -
Other investments, including derivatives  -  3  1  5
Realized investment gains (losses) before income taxes (benefits)  (4)  17  9  43
Less income taxes (benefits)  (1)  6  -  15
Net realized investment gains (losses)$ (3)$ 11$ 9$ 28
Impairment on investments table
 Three Months EndedSix Months Ended
 June 30,June 30,
(In millions)2012201120122011
Credit-related (1)$ 9$ 16$ 14$ 16
Other   1  2  2  2
Total $ 10$ 18$ 16$ 18
         
(1) Credit related losses include other-than-temporary declines in fair value of fixed maturities and changes in valuation reserves related to commercial mortgage loans. There were no credit losses on fixed maturities for which a portion of the impairment was recognized in other comprehensive income.
 Three Months EndedSix Months Ended
 June 30,June 30,
(In millions)2012201120122011
Credit-related (1)$ 9$ 16$ 14$ 16
Other   1  2  2  2
Total $ 10$ 18$ 16$ 18
         
(1) Credit related losses include other-than-temporary declines in fair value of fixed maturities and changes in valuation reserves related to commercial mortgage loans. There were no credit losses on fixed maturities for which a portion of the impairment was recognized in other comprehensive income.
Fixed maturities and equity securities table
 As of June 30,As of December 31,
(In millions)20122011
Included in fixed maturities:    
Trading securities (amortized cost: $2; $2)$ 2$ 2
Hybrid securities (amortized cost: $20; $26)  20  28
Total$ 22$ 30
Included in equity securities:    
Hybrid securities (amortized cost: $81; $90)$ 64$ 65
 As of June 30,As of December 31,
(In millions)20122011
Included in fixed maturities:    
Trading securities (amortized cost: $2; $2)$ 2$ 2
Hybrid securities (amortized cost: $20; $26)  20  28
Total$ 22$ 30
Included in equity securities:    
Hybrid securities (amortized cost: $81; $90)$ 64$ 65
Amortized cost and fair value for fixed maturities table
  Amortized Fair
(In millions) Cost Value
Due in one year or less$ 1,005$ 1,022
Due after one year through five years  5,070  5,431
Due after five years through ten years  5,331  6,005
Due after ten years  2,738  3,665
Mortgage and other asset-backed securities  1,027  1,182
Total$ 15,171$ 17,305
  Amortized Fair
(In millions) Cost Value
Due in one year or less$ 1,005$ 1,022
Due after one year through five years  5,070  5,431
Due after five years through ten years  5,331  6,005
Due after ten years  2,738  3,665
Mortgage and other asset-backed securities  1,027  1,182
Total$ 15,171$ 17,305
Gross unrealized appreciation (depreciation) fixed maturities table
         
 June 30, 2012
    Unrealized Unrealized  
  Amortized Appre- Depre- Fair
(In millions) Cost ciation ciation Value
Federal government and agency$ 500$ 410$ -$ 910
State and local government  2,231  274  (2)  2,503
Foreign government  1,208  116  (2)  1,322
Corporate  10,205  1,215  (32)  11,388
Federal agency mortgage-backed  151  1  -  152
Other mortgage-backed  87  10  (5)  92
Other asset-backed  789  159  (10)  938
Total$ 15,171$ 2,185$ (51)$ 17,305
(In millions)December 31, 2011
Federal government and agency$ 552$ 406$ -$ 958
State and local government  2,185  274  (3)  2,456
Foreign government  1,173  103  (2)  1,274
Corporate  9,460  1,070  (45)  10,485
Federal agency mortgage-backed  9  -  -  9
Other mortgage-backed  73  10  (4)  79
Other asset-backed  777  160  (11)  926
Total$ 14,229$ 2,023$ (65)$ 16,187
         
 June 30, 2012
    Unrealized Unrealized  
  Amortized Appre- Depre- Fair
(In millions) Cost ciation ciation Value
Federal government and agency$ 500$ 410$ -$ 910
State and local government  2,231  274  (2)  2,503
Foreign government  1,208  116  (2)  1,322
Corporate  10,205  1,215  (32)  11,388
Federal agency mortgage-backed  151  1  -  152
Other mortgage-backed  87  10  (5)  92
Other asset-backed  789  159  (10)  938
Total$ 15,171$ 2,185$ (51)$ 17,305
(In millions)December 31, 2011
Federal government and agency$ 552$ 406$ -$ 958
State and local government  2,185  274  (3)  2,456
Foreign government  1,173  103  (2)  1,274
Corporate  9,460  1,070  (45)  10,485
Federal agency mortgage-backed  9  -  -  9
Other mortgage-backed  73  10  (4)  79
Other asset-backed  777  160  (11)  926
Total$ 14,229$ 2,023$ (65)$ 16,187
Sales of AFS fixed maturities table
 Three Months EndedSix Months Ended
 June 30,June 30,
(In millions)2012201120122011
Proceeds from sales$ 134$ 149$ 355$ 304
Gross gains on sales$ 4$ 14$ 19$ 28
Gross losses on sales$ (1)$ (1)$ (1)$ (1)
 Three Months EndedSix Months Ended
 June 30,June 30,
(In millions)2012201120122011
Proceeds from sales$ 134$ 149$ 355$ 304
Gross gains on sales$ 4$ 14$ 19$ 28
Gross losses on sales$ (1)$ (1)$ (1)$ (1)
Declines in fair value table
 Fair Amortized UnrealizedNumber
(In millions)ValueCostDepreciationof Issues
Fixed maturities:       
One year or less:       
Investment grade$ 554$ 563$ (9)310
Below investment grade$ 116$ 122$ (6)85
More than one year:       
Investment grade$ 228$ 256$ (28)52
Below investment grade$ 14$ 22$ (8)14
 Fair Amortized UnrealizedNumber
(In millions)ValueCostDepreciationof Issues
Fixed maturities:       
One year or less:       
Investment grade$ 554$ 563$ (9)310
Below investment grade$ 116$ 122$ (6)85
More than one year:       
Investment grade$ 228$ 256$ (28)52
Below investment grade$ 14$ 22$ (8)14
Credit Risk Profile of Commercial Loan Portfolio Table
(In millions)    June 30, 2012     
  Debt Service Coverage Ratio  
  1.30x or 1.20x to 1.10x to 1.00x to Less than  
Loan-to-Value Ratios Greater 1.29x 1.19x 1.09x 1.00x Total
Below 50%$ 280$ 8$ -$ 50$ -$ 338
50% to 59%  669  105  25  53  -  852
60% to 69%  538  87  -  24  -  649
70% to 79%  193  167  142  46  16  564
80% to 89%  44  42  141  -  59  286
90% to 99%  35  66  -  -  58  159
100% or above  -  -  30  36  81  147
Total$ 1,759$ 475$ 338$ 209$ 214$ 2,995
             
             
(In millions)    December 31, 2011     
  Debt Service Coverage Ratio  
  1.30x or 1.20x to 1.10x to 1.00x to Less than  
Loan-to-Value Ratios Greater 1.29x 1.19x 1.09x 1.00x Total
Below 50%$ 225 $ 55 $ 3 $ 50 $ 9$ 342
50% to 59%  444  47  26  -  53  570
60% to 69%  646  140  42  -  77  905
70% to 79%  117  132  120  159  33  561
80% to 89%  99  81  79  72  71  402
90% to 99%  36  35  30  58  116  275
100% or above  -  10  50  51  135  246
Total$ 1,567$ 500$ 350$ 390$ 494$ 3,301
(In millions)    June 30, 2012     
  Debt Service Coverage Ratio  
  1.30x or 1.20x to 1.10x to 1.00x to Less than  
Loan-to-Value Ratios Greater 1.29x 1.19x 1.09x 1.00x Total
Below 50%$ 280$ 8$ -$ 50$ -$ 338
50% to 59%  669  105  25  53  -  852
60% to 69%  538  87  -  24  -  649
70% to 79%  193  167  142  46  16  564
80% to 89%  44  42  141  -  59  286
90% to 99%  35  66  -  -  58  159
100% or above  -  -  30  36  81  147
Total$ 1,759$ 475$ 338$ 209$ 214$ 2,995
             
             
(In millions)    December 31, 2011     
  Debt Service Coverage Ratio  
  1.30x or 1.20x to 1.10x to 1.00x to Less than  
Loan-to-Value Ratios Greater 1.29x 1.19x 1.09x 1.00x Total
Below 50%$ 225 $ 55 $ 3 $ 50 $ 9$ 342
50% to 59%  444  47  26  -  53  570
60% to 69%  646  140  42  -  77  905
70% to 79%  117  132  120  159  33  561
80% to 89%  99  81  79  72  71  402
90% to 99%  36  35  30  58  116  275
100% or above  -  10  50  51  135  246
Total$ 1,567$ 500$ 350$ 390$ 494$ 3,301
Impaired commercial mortgage loans and related valuation reserves table
(In millions) June 30, 2012 December 31, 2011
  Gross  Reserves Net  Gross  Reserves Net
Impaired commercial mortgage loans with valuation reserves$ 110$ (13)$ 97 $ 154$ (19)$ 135
Impaired commercial mortgage loans with no valuation reserves  60  -  60   60  -  60
Total $ 170$ (13)$ 157 $ 214$ (19)$ 195
(In millions) June 30, 2012 December 31, 2011
  Gross  Reserves Net  Gross  Reserves Net
Impaired commercial mortgage loans with valuation reserves$ 110$ (13)$ 97 $ 154$ (19)$ 135
Impaired commercial mortgage loans with no valuation reserves  60  -  60   60  -  60
Total $ 170$ (13)$ 157 $ 214$ (19)$ 195
Schedule of Changes in Valuation Reserves For Commercial Mortgage Loans Table  
(In millions)20122011
Reserve balance, January 1,$ 19$ 12
Increase in valuation reserves  10  16
Charge-offs upon sales and repayments, net of recoveries  -  (1)
Transfers to Other long-term investments  (16)  -
Reserve balance, June 30,$ 13$ 27