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Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Premiums $ 114 $ 406 $ 265 $ 786
Universal life and investment-type product policy fees 556 575 1,120 1,119
Net investment income 724 656 1,454 1,548
Other revenues 138 125 295 248
Net investment gains (losses):        
Other-than-temporary impairments on fixed maturity securities (3) (18) (5) (31)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss) 1 4 (6) 2
Other net investment gains (losses) 18 85 93 104
Total net investment gains (losses) 16 71 82 75
Net derivative gains (losses) (495) 582 (382) 143
Total revenues 1,053 2,415 2,834 3,919
Expenses        
Policyholder benefits and claims 359 636 773 1,225
Interest credited to policyholder account balances 259 167 523 606
Other expenses 368 887 776 1,344
Total expenses 986 1,690 2,072 3,175
Income (loss) before provision for income tax 67 725 762 744
Provision for income tax expense (benefit) 6 227 236 227
Net income (loss) 61 498 526 517
Comprehensive income (loss) $ (653) $ 1,000 $ (602) $ 872