Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

Quarterly Financial Data (unaudited)

The following unaudited quarterly financial data is presented on a consolidated basis for each of the years ended December 31, 2012 and December 31, 2011. Quarterly financial results necessarily rely heavily on estimates. This and certain other factors, such as the seasonal nature of portions of the insurance business, suggest the need to exercise caution in drawing specific conclusions from quarterly consolidated results. Certain reclassifications have been made to previously reported quarterly amounts to conform to the current presentation. See Note 2 to the Consolidated Financial Statements for additional information.

(In millions, except per share amounts)				Three Months Ended
	March 31		June 30			Sept. 30			Dec. 31
Consolidated Results
2012
Total revenues	$	6,754	$	7,422		$	7,323		$	7,620
Income from continuing operations before income taxes		552		588			718			619
Shareholders' net income		371	(1)	380	(2)		466	(3)		406	(4)
Shareholders' net income per share:	1
Basic		1.30		1.33			1.64			1.43
Diluted		1.28		1.31			1.61			1.41
2011
Total revenues	$	5,387	$	5,479		$	5,574		$	5,425
Income from continuing operations before income taxes		579		592			273			432
Shareholders' net income		413	(5)	391	(6)		183	(7)		273	(8)
Shareholders' net income per share:
Basic		1.53		1.46			0.68			0.99
Diluted		1.51		1.43			0.67			0.98
Stock and Dividend Data
2012
Price range of common stock — high	$	49.89	$	49.63		$	47.92		$	54.53
— low	$	41.27	$	42.21		$	39.34		$	47.31
Dividends declared per common share	$	0.04	$	-		$	-		$	-
2011
Price range of common stock — high	$	44.29	$	51.81		$	52.95		$	47.61
— low	$	36.76	$	42.80		$	40.24		$	38.82
Dividends declared per common share	$	0.04	$	-		$	-		$	-

(1) The first quarter of 2012 includes an after-tax gain of $41 million for the GMIB business, an after-tax charge of $28 million for costs associated with acquisitions, and an after-tax charge of $13 million for costs associated a litigation matter in Global Health Care.

(2) The second quarter of 2012 includes an after-tax loss of $51 million for the GMIB business.

(3) The third quarter of 2012 includes an after-tax gain of $32 million for the GMIB business, an after-tax charge of $12 million for costs associated with acquisitions, and an after-tax charge of $50 million for costs associated with a realignment and efficiency plan.

(4) The fourth quarter of 2012 includes an after-tax gain of $7 million for the GMIB business and an after-tax charge of $68 million for litigation matters.

(5) The first quarter of 2011 includes an after-tax gain of $13 million for the GMIB business and a net tax benefit of $24 million related to the resolution of a Federal tax matter.

(6) The second quarter of 2011 includes an after-tax loss of $21 million for the GMIB business.

(7) The third quarter of 2011 includes an after-tax loss of $134 million for the GMIB business.

(8)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details