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Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Premiums $ 155 $ 284 $ 420 $ 1,070
Universal life and investment-type product policy fees 624 572 1,744 1,691
Net investment income 678 675 2,132 2,223
Other revenues 152 137 447 385
Net investment gains (losses):        
Other-than-temporary impairments on fixed maturity securities (4) (19) (9) (50)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss) (5) 6 (11) 8
Other net investment gains (losses) (42) 17 51 121
Total net investment gains (losses) (51) 4 31 79
Net derivative gains (losses) (199) (98) (581) 45
Total revenues 1,359 1,574 4,193 5,493
Expenses        
Policyholder benefits and claims 465 550 1,238 1,775
Interest credited to policyholder account balances 256 276 779 882
Goodwill impairment 66 394 66 394
Other expenses 434 547 1,210 1,891
Total expenses 1,221 1,767 3,293 4,942
Income (loss) before provision for income tax 138 (193) 900 551
Provision for income tax expense (benefit) 30 (189) 266 38
Net income (loss) 108 (4) 634 513
Comprehensive income (loss) $ 71 $ 338 $ (531) $ 1,210