Investments (Tables)

3 Months Ended

Mar. 31, 2013

Investments Details [Abstract]

Realized gains and losses on investments table

	Three Months Ended
	March 31,
(In millions)	2013		2012
Fixed maturities	$	67	$	12
Equity securities		3		4
Commercial mortgage loans		-		(3)
Real estate		-		(1)
Other investments, including derivatives		69		1
Realized investment gains before income taxes		139		13
Less income taxes		46		1
Net realized investment gains	$	93	$	12

Impairment on investments table

	Three Months Ended
	March 31,
(In millions)	2013		2012
Credit-related (1)	$	-	$	(5)
Other		-		(1)
Total	$	-	$	(6)
(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 March 31,		As of December 31,
(In millions)	2013		2012
Included in fixed maturities:
Trading securities (amortized cost: $1; $1)	$	1	$	1
Hybrid securities (amortized cost: $15; $15)		15		15
Total	$	16	$	16
Included in equity securities:
Hybrid securities (amortized cost: $76; $84)	$	63	$	70

Amortized cost and fair value for fixed maturities table

		Amortized		Fair
(In millions)		Cost		Value
Due in one year or less	$	1,149	$	1,169
Due after one year through five years		5,042		5,472
Due after five years through ten years		4,695		5,319
Due after ten years		2,666		3,520
Mortgage and other asset-backed securities		963		1,104
Total	$	14,515	$	16,584

Gross unrealized appreciation (depreciation) fixed maturities table

	March 31, 2013
				Unrealized		Unrealized
		Amortized		Appre-		Depre-		Fair
(In millions)		Cost		ciation		ciation		Value
Federal government and agency	$	482	$	365	$	-	$	847
State and local government		2,148		254		(1)		2,401
Foreign government		1,125		118		(1)		1,242
Corporate		9,797		1,212		(18)		10,991
Federal agency mortgage-backed		106		1		-		107
Other mortgage-backed		77		10		(4)		83
Other asset-backed		780		135		(2)		913
Total	$	14,515	$	2,095	$	(26)	$	16,584
(In millions)	December 31, 2012
Federal government and agency	$	509	$	393	$	-	$	902
State and local government		2,169		270		(2)		2,437
Foreign government		1,197		126		(1)		1,322
Corporate		10,590		1,308		(17)		11,881
Federal agency mortgage-backed		121		1		-		122
Other mortgage-backed		82		11		(4)		89
Other asset-backed		797		145		(6)		936
Total	$	15,465	$	2,254	$	(30)	$	17,689

Sales of AFS fixed maturities table

	Three Months Ended
	March 31,
(In millions)	2013		2012
Proceeds from sales	$	961	$	221
Gross gains on sales	$	60	$	15
Gross losses on sales	$	2	$	-

Declines in fair value table

	Fair		Amortized		Unrealized		Number
(In millions)	Value		Cost		Depreciation		of Issues
Fixed maturities:
One year or less:
Investment grade	$	454	$	461	$	(7)	168
Below investment grade	$	117	$	118	$	(1)	88
More than one year:
Investment grade	$	183	$	194	$	(11)	59
Below investment grade	$	28	$	35	$	(7)	12

Financing Receivable Credit Quality Indicators Table [Text Block]

(In millions)				March 31, 2013
		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%	$	295	$	7	$	-	$	50	$	-	$	352
50% to 59%		589		104		25		52		-		770
60% to 69%		576		74		-		66		-		716
70% to 79%		116		142		132		22		16		428
80% to 89%		100		42		130		-		58		330
90% to 99%		14		30		-		-		58		102
100% or above		-		-		30		17		66		113
Total	$	1,690	$	399	$	317	$	207	$	198	$	2,811
(In millions)					December 31, 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%	$	297	$	8	$	-	$	50	$	-	$	355
50% to 59%		614		104		25		52		-		795
60% to 69%		562		75		-		66		-		703
70% to 79%		194		143		132		4		16		489
80% to 89%		45		42		131		18		58		294
90% to 99%		14		30		-		-		58		102
100% or above		-		-		30		17		66		113
Total	$	1,726	$	402	$	318	$	207	$	198	$	2,851

Impaired commercial mortgage loans and related valuation reserves table

(In millions)		March 31, 2013					December 31, 2012
		Gross		Reserves		Net		Gross		Reserves		Net
Impaired commercial mortgage loans with valuation reserves	$	72	$	(7)	$	65	$	72	$	(7)	$	65
Impaired commercial mortgage loans with no valuation reserves		60		-		60		60		-		60
Total	$	132	$	(7)	$	125	$	132	$	(7)	$	125

Schedule of Changes in Valuation Reserves For Commercial Mortgage Loans Table

(In millions)	2013		2012
Reserve balance, January 1,	$	7	$	19
Increase in valuation reserves		-		3
Transfers to other long-term investments		-		(16)
Reserve balance, March 31,	$	7	$	6