

	Operating Earnings
Three Months Ended September 30, 2013	Retail			Corporate Benefit Funding		Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	85		$	65	$	5		$	155		$	—		$	155
Universal life and investment-type product policy fees	575			9		—			584			40			624
Net investment income	388			276		20			684			(6		)	678
Other revenues	151			1		—			152			—			152
Net investment gains (losses)	—			—		—			—			(51		)	(51		)
Net derivative gains (losses)	—			—		—			—			(199		)	(199		)
Total revenues	1,199			351		25			1,575			(216		)	1,359
Expenses
Policyholder benefits and claims	183			215		(7		)	391			74			465
Interest credited to policyholder account balances	225			33		—			258			(2		)	256
Goodwill impairment	—			—		—			—			66			66
Capitalization of DAC	(108		)	—		(4		)	(112		)	—			(112		)
Amortization of DAC and VOBA	115			1		1			117			(75		)	42
Interest expense on debt	—			—		17			17			30			47
Other expenses	408			9		40			457			—			457
Total expenses	823			258		47			1,128			93			1,221
Provision for income tax expense (benefit)	129			32		(38		)	123			(93		)	30
Operating earnings	$	247		$	61	$	16		324
Adjustments to:
Total revenues									(216		)
Total expenses									(93		)
Provision for income tax (expense) benefit									93
Net income (loss)									$	108					$	108



	Operating Earnings
Three Months Ended September 30, 2012	Retail			Corporate Benefit Funding			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	106		$	178		$	—		$	284		$	—		$	284
Universal life and investment-type product policy fees	527			8			—			535			37			572
Net investment income	369			267			35			671			4			675
Other revenues	136			1			—			137			—			137
Net investment gains (losses)	—			—			—			—			4			4
Net derivative gains (losses)	—			—			—			—			(98		)	(98		)
Total revenues	1,138			454			35			1,627			(53		)	1,574
Expenses
Policyholder benefits and claims	185			311			—			496			54			550
Interest credited to policyholder account balances	240			37			—			277			(1		)	276
Goodwill impairment	—			—			—			—			394			394
Capitalization of DAC	(195		)	(2		)	—			(197		)	—			(197		)
Amortization of DAC and VOBA	173			1			—			174			11			185
Interest expense on debt	—			—			17			17			40			57
Other expenses	492			10			(1		)	501			1			502
Total expenses	895			357			16			1,268			499			1,767
Provision for income tax expense (benefit)	85			34			(18		)	101			(290		)	(189		)
Operating earnings	$	158		$	63		$	37		258
Adjustments to:
Total revenues										(53		)
Total expenses										(499		)
Provision for income tax (expense) benefit										290
Net income (loss)										$	(4	)				$	(4	)



	Operating Earnings
Nine Months Ended September 30, 2013	Retail			Corporate Benefit Funding			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	233		$	162		$	25		$	420		$	—		$	420
Universal life and investment-type product policy fees	1,612			26			—			1,638			106			1,744
Net investment income	1,203			865			88			2,156			(24		)	2,132
Other revenues	443			4			—			447			—			447
Net investment gains (losses)	—			—			—			—			31			31
Net derivative gains (losses)	—			—			—			—			(581		)	(581		)
Total revenues	3,491			1,057			113			4,661			(468		)	4,193
Expenses
Policyholder benefits and claims	494			587			10			1,091			147			1,238
Interest credited to policyholder account balances	681			103			—			784			(5		)	779
Goodwill impairment	—			—			—			—			66			66
Capitalization of DAC	(384		)	(2		)	(13		)	(399		)	—			(399		)
Amortization of DAC and VOBA	387			4			1			392			(320		)	72
Interest expense on debt	—			—			51			51			96			147
Other expenses	1,306			27			57			1,390			—			1,390
Total expenses	2,484			719			106			3,309			(16		)	3,293
Provision for income tax expense (benefit)	349			118			(60		)	407			(141		)	266
Operating earnings	$	658		$	220		$	67		945
Adjustments to:
Total revenues										(468		)
Total expenses										16
Provision for income tax (expense) benefit										141
Net income (loss)										$	634					$	634



	Operating Earnings
Nine Months Ended September 30, 2012	Retail			Corporate Benefit Funding			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	406		$	531		$	133		$	1,070		$	—		$	1,070
Universal life and investment-type product policy fees	1,555			23			14			1,592			99			1,691
Net investment income	1,127			867			145			2,139			84			2,223
Other revenues	381			4			—			385			—			385
Net investment gains (losses)	—			—			—			—			79			79
Net derivative gains (losses)	—			—			—			—			45			45
Total revenues	3,469			1,425			292			5,186			307			5,493
Expenses
Policyholder benefits and claims	588			917			127			1,632			143			1,775
Interest credited to policyholder account balances	715			123			—			838			44			882
Goodwill impairment	—			—			—			—			394			394
Capitalization of DAC	(652		)	(5		)	(34		)	(691		)	—			(691		)
Amortization of DAC and VOBA	550			9			3			562			77			639
Interest expense on debt	—			—			51			51			125			176
Other expenses	1,652			29			81			1,762			5			1,767
Total expenses	2,853			1,073			228			4,154			788			4,942
Provision for income tax expense (benefit)	216			123			(45		)	294			(256		)	38
Operating earnings	$	400		$	229		$	109		738
Adjustments to:
Total revenues										307
Total expenses										(788		)
Provision for income tax (expense) benefit										256
Net income (loss)										$	513					$	513