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Consolidated Statements of Operations (Unaudited) (USD $)
In Millions
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Premiums $ 641 $ 256 $ 777 $ 711
Universal life and investment-type product policy fees 493 407 948 776
Net investment income 796 725 1,584 1,515
Other revenues 131 103 261 213
Net investment gains (losses):        
Other-than-temporary impairments on fixed maturity securities (21) (19) (30) (53)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss) 6 7 4 23
Other net investment gains (losses) (12) 62 (15) 117
Total net investment gains (losses) (27) 50 (41) 87
Net derivative gains (losses) 133 563 (23) 255
Total revenues 2,167 2,104 3,506 3,557
Expenses        
Policyholder benefits and claims 818 504 1,145 1,198
Interest credited to policyholder account balances 304 257 591 573
Other expenses 729 839 1,233 1,258
Total expenses 1,851 1,600 2,969 3,029
Income (loss) before provision for income tax 316 504 537 528
Provision for income tax expense (benefit) 100 162 161 154
Net income $ 216 $ 342 $ 376 $ 374