Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2011

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Table)

	For the three months ended
	December 31		September 30		June 30 (1)		March 31
	(in millions, except per share data)
2011
Total revenues	$	2,059.0	$	2,088.8	$	2,342.0	$	2,219.8
Total expenses		1,865.4		1,950.6		1,969.7		1,936.3
Net income		171.9		66.3		289.9		223.1
Net income available to common stockholders		164.0		63.7		258.0		196.3
Basic earnings per common share for net income available to common stockholders		0.54		0.20		0.81		0.61
Diluted earnings per common share for net income available to common stockholders		0.54		0.20		0.80		0.60
2010
Total revenues	$	2,372.5	$	2,288.5	$	2,233.6	$	2,264.0
Total expenses		2,108.8		2,125.0		2,075.8		2,007.7
Net income		218.1		151.3		144.2		203.6
Net income available to common stockholders		199.3		142.2		134.0		190.8
Basic earnings per common share for net income available to common stockholders		0.62		0.44		0.42		0.60
Diluted earnings per common share for net income available to common stockholders		0.62		0.44		0.42		0.59

(1)

During the second quarter of 2010, we determined our residential mortgage loan portfolio, and in particular our home equity loan portfolio, had experienced an increase in severe delinquencies and loss severity from sustained elevated levels of unemployment along with continued depressed collateral values. The deterioration resulted in an increase in delinquencies and default costs. During the second quarter of 2010, we recorded a $41.9 million after-tax residential mortgage loan loss provision for our Bank and Trust Services business. Of this residential mortgage loan loss provision, $21.4 million after-tax could be attributed to 2009. We evaluated the qualitative and quantitative factors for materiality. The adjustment related to prior periods could be considered material to the results of operations for the three months ended June 30, 2010, but was not material to the results of operations for any annual period presented. The provision for loan loss is reported in net realized capital gains (losses) on our consolidated statements of operations and the adjustment for prior periods resulted in a decrease in net income for the three months ended June 30, 2010.