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Investments (Tables)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2011
Investments Tables [Abstract]  
Realized gains and losses on investments table
 Three Months EndedNine Months Ended
 September 30,September 30,
(In millions)2011201020112010
Fixed maturities$ (14)$ 14$ 36$ 48
Equity securities  (9)  4  (5)  7
Commercial mortgage loans  -  (1)  (16)  (16)
Other investments, including derivatives  36  11  41  5
Realized investment gains before income taxes  13  28  56  44
Less income taxes   4  10  19  15
Net realized investment gains $ 9$ 18$ 37$ 29
 Three Months EndedNine Months Ended
 September 30,September 30,
(In millions)2011201020112010
Fixed maturities$ (14)$ 14$ 36$ 48
Equity securities  (9)  4  (5)  7
Commercial mortgage loans  -  (1)  (16)  (16)
Other investments, including derivatives  36  11  41  5
Realized investment gains before income taxes  13  28  56  44
Less income taxes   4  10  19  15
Net realized investment gains $ 9$ 18$ 37$ 29
Impairment on investments table
 Three Months EndedNine Months Ended
 September 30,September 30,
(In millions)2011201020112010
Credit-related (1)$ 5$ 1$ 21$ 31
Other (2)  22  -  24  1
Total $ 27$ 1$ 45$ 32
         
(1) Credit-related losses include other-than-temporary declines in fair value of fixed maturities and equity securities, and changes in valuation reserves and asset write-downs related to commercial mortgage loans and investments in real estate entities.
(2) Other primarily represents the impact of rising market yields on investments where the Company could not demonstrate the intent and ability to hold until recovery.
 Three Months EndedNine Months Ended
 September 30,September 30,
(In millions)2011201020112010
Credit-related (1)$ 5$ 1$ 21$ 31
Other (2)  22  -  24  1
Total $ 27$ 1$ 45$ 32
         
(1) Credit-related losses include other-than-temporary declines in fair value of fixed maturities and equity securities, and changes in valuation reserves and asset write-downs related to commercial mortgage loans and investments in real estate entities.
(2) Other primarily represents the impact of rising market yields on investments where the Company could not demonstrate the intent and ability to hold until recovery.
Fixed maturities and equity securities table
 As of September 30,As of December 31,
(In millions)20112010
Included in fixed maturities:    
Trading securities (amortized cost: $2; $3)$ 2$ 3
Hybrid securities (amortized cost: $29; $45)  31  52
Total$ 33$ 55
Included in equity securities:    
Hybrid securities (amortized cost: $112; $108)$ 87$ 86
 As of September 30,As of December 31,
(In millions)20112010
Included in fixed maturities:    
Trading securities (amortized cost: $2; $3)$ 2$ 3
Hybrid securities (amortized cost: $29; $45)  31  52
Total$ 33$ 55
Included in equity securities:    
Hybrid securities (amortized cost: $112; $108)$ 87$ 86
Amortized cost and fair value for fixed maturities table
  Amortized Fair
(In millions) Cost Value
Due in one year or less$ 954$ 966
Due after one year through five years  4,738  5,069
Due after five years through ten years  5,200  5,746
Due after ten years  2,605  3,459
Other asset and mortgage-backed securities  845  999
Total$ 14,342$ 16,239
  Amortized Fair
(In millions) Cost Value
Due in one year or less$ 954$ 966
Due after one year through five years  4,738  5,069
Due after five years through ten years  5,200  5,746
Due after ten years  2,605  3,459
Other asset and mortgage-backed securities  845  999
Total$ 14,342$ 16,239
Gross unrealized appreciation (depreciation) fixed maturities table
         
 September 30, 2011
    Unrealized Unrealized  
  Amortized Appre- Depre- Fair
(In millions) Cost ciation ciation Value
Federal government and agency$ 549$ 398$0$ 947
State and local government  2,214  251 (4)  2,461
Foreign government  1,148  94 (2)  1,240
Corporate  9,586  1,047 (41)  10,592
Federal agency mortgage-backed  9  - 0  9
Other mortgage-backed  75  10 (4)  81
Other asset-backed  761  158 (10)  909
Total$ 14,342$ 1,958$(61)$ 16,239
(In millions)December 31, 2010
Federal government and agency$ 459$ 229$ (1)$ 687
State and local government  2,305  172  (10)  2,467
Foreign government  1,095  63  (4)  1,154
Corporate  8,697  744  (49)  9,392
Federal agency mortgage-backed  9  1  -  10
Other mortgage-backed  80  10  (3)  87
Other asset-backed  752  117  (12)  857
Total$ 13,397$ 1,336$ (79)$ 14,654
         
 September 30, 2011
    Unrealized Unrealized  
  Amortized Appre- Depre- Fair
(In millions) Cost ciation ciation Value
Federal government and agency$ 549$ 398$0$ 947
State and local government  2,214  251 (4)  2,461
Foreign government  1,148  94 (2)  1,240
Corporate  9,586  1,047 (41)  10,592
Federal agency mortgage-backed  9  - 0  9
Other mortgage-backed  75  10 (4)  81
Other asset-backed  761  158 (10)  909
Total$ 14,342$ 1,958$(61)$ 16,239
(In millions)December 31, 2010
Federal government and agency$ 459$ 229$ (1)$ 687
State and local government  2,305  172  (10)  2,467
Foreign government  1,095  63  (4)  1,154
Corporate  8,697  744  (49)  9,392
Federal agency mortgage-backed  9  1  -  10
Other mortgage-backed  80  10  (3)  87
Other asset-backed  752  117  (12)  857
Total$ 13,397$ 1,336$ (79)$ 14,654
Sales of AFS fixed maturities table
 Three Months EndedNine Months Ended
 September 30,September 30,
(In millions)2011201020112010
Proceeds from sales$ 153$ 239$ 457$ 688
Gross gains on sales$ 8$ 9$ 36$ 36
Gross losses on sales$ (3)$ -$ (4)$ (3)
 Three Months EndedNine Months Ended
 September 30,September 30,
(In millions)2011201020112010
Proceeds from sales$ 153$ 239$ 457$ 688
Gross gains on sales$ 8$ 9$ 36$ 36
Gross losses on sales$ (3)$ -$ (4)$ (3)
Declines in fair value table
 Fair Amortized UnrealizedNumber
(In millions)ValueCostDepreciationof Issues
Fixed maturities:       
One year or less:       
Investment grade$ 635$ 654$ (19)232
Below investment grade$ 381$ 388$ (7)195
More than one year:       
Investment grade$ 234$ 261$ (27)56
Below investment grade$ 25$ 33$ (8)15
 Fair Amortized UnrealizedNumber
(In millions)ValueCostDepreciationof Issues
Fixed maturities:       
One year or less:       
Investment grade$ 635$ 654$ (19)232
Below investment grade$ 381$ 388$ (7)195
More than one year:       
Investment grade$ 234$ 261$ (27)56
Below investment grade$ 25$ 33$ (8)15
Credit Risk Profile of Commercial Loan Portfolio Table
(Dollars in millions) 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%$ 274$ -$ 4$ 50$ 9$ 337
50% to 59%  368  102  26  -  53  549
60% to 69%  517  140  42  -  74  773
70% to 79%  150  133  142  159  37  621
80% to 89%  112  81  115  72  72  452
90% to 99%  36  35  30  59  116  276
100% or above  -  10  50  87  144  291
Total$ 1,457$ 501$ 409$ 427$ 505$ 3,299
(Dollars in millions) 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%$ 274$ -$ 4$ 50$ 9$ 337
50% to 59%  368  102  26  -  53  549
60% to 69%  517  140  42  -  74  773
70% to 79%  150  133  142  159  37  621
80% to 89%  112  81  115  72  72  452
90% to 99%  36  35  30  59  116  276
100% or above  -  10  50  87  144  291
Total$ 1,457$ 501$ 409$ 427$ 505$ 3,299
Impaired commercial mortgage loans and related valuation reserves table
(In millions) September 30, 2011 December 31, 2010
  Gross  Reserves Net  Gross  Reserves Net
Impaired commercial mortgage loans with valuation reserves$ 171$ (27)$ 144 $ 47$ (12)$ 35
Impaired commercial mortgage loans with no valuation reserves  60  -  60   60  -  60
Total $ 231$ (27)$ 204 $ 107$ (12)$ 95
(In millions) September 30, 2011 December 31, 2010
  Gross  Reserves Net  Gross  Reserves Net
Impaired commercial mortgage loans with valuation reserves$ 171$ (27)$ 144 $ 47$ (12)$ 35
Impaired commercial mortgage loans with no valuation reserves  60  -  60   60  -  60
Total $ 231$ (27)$ 204 $ 107$ (12)$ 95
Schedule of Changes in Valuation Reserves For Commercial Mortgage Loans Table 
(In millions)20112010
Reserve balance, January 1,$ 12$ 17
Increase in valuation reserves  16  17
Charge-offs upon sales and repayments, net of recoveries  (1)  (12)
Transfers to real estate  -  (12)
     
Reserve balance, September 30,$ 27$ 10