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Consolidated Statements of Operations (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Premiums $ 284 $ 484 $ 1,070 $ 1,261
Universal life and investment-type product policy fees 572 487 1,691 1,435
Net investment income 675 651 2,223 2,232
Other revenues 137 123 385 384
Net investment gains (losses):        
Other-than-temporary impairments on fixed maturity securities (19) (5) (50) (35)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss) 6 (9) 8 (5)
Other net investment gains (losses) 17 72 121 57
Total net investment gains (losses) 4 58 79 17
Net derivative gains (losses) (98) 882 45 859
Total revenues 1,574 2,685 5,493 6,188
Expenses        
Policyholder benefits and claims 550 737 1,775 1,882
Interest credited to policyholder account balances 276 162 882 753
Goodwill impairment 394 0 394 0
Other expenses 547 963 1,891 2,217
Total expenses 1,767 1,862 4,942 4,852
Income (loss) before provision for income tax (193) 823 551 1,336
Provision for income tax expense (benefit) (189) 261 38 415
Net income (loss) (4) 562 513 921
Comprehensive income (loss) $ 338 $ 1,840 $ 1,210 $ 2,496