XML 126 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 2013
Accumulated Other Comprehensive Income [Abstract]  
Comprehensive Income (Loss) Note
ACCUMULATED OTHER COMPREHENSIVE INCOME
 
Accumulated other comprehensive income includes changes in unrealized gains and losses on available for sale investments and other invested assets, changes in pension obligations and changes in life deferred acquisition costs, life policy reserves and other as follows:    

(In millions)
 
Three months ended June 30,
 
 
2013
 
 
2012
 
 
Before tax
 
Income tax
 
Net
 
 
Before tax
 
Income tax
 
Net
Accumulated unrealized gains, net, on investments available for sale,
   beginning of period
 
$
2,231

 
$
771

 
$
1,460

 
 
$
1,717

 
$
592

 
$
1,125

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassification
 
(230
)
 
(81
)
 
(149
)
 
 
(47
)
 
(17
)
 
(30
)
Reclassification adjustment for realized investment gains, net, included in
   net income
 
(14
)
 
(4
)
 
(10
)
 
 
(6
)
 
(2
)
 
(4
)
Effect on other comprehensive income
 
(244
)
 
(85
)
 
(159
)
 
 
(53
)
 
(19
)
 
(34
)
Accumulated unrealized gains, net, on investments available for sale,
   end of period
 
$
1,987

 
$
686

 
$
1,301

 
 
$
1,664

 
$
573

 
$
1,091

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses, net, for pension obligations,
   beginning of period
 
$
(99
)
 
$
(34
)
 
$
(65
)
 
 
$
(86
)
 
$
(30
)
 
$
(56
)
Other comprehensive income before reclassification
 
—

 
—

 
—

 
 
—

 
—

 
—

Reclassification adjustment for amortization of actuarial loss and prior
    service cost, net, included in net income
 
3

 
1

 
2

 
 
1

 
—

 
1

Effect on other comprehensive income
 
3

 
1

 
2

 
 
1

 
—

 
1

Accumulated unrealized losses, net, for pension obligations, end of period
 
$
(96
)
 
$
(33
)
 
$
(63
)
 
 
$
(85
)
 
$
(30
)
 
$
(55
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses, net, on life deferred acquisition costs, life
   policy reserves and other, beginning of period
 
$
(50
)
 
$
(17
)
 
$
(33
)
 
 
$
(34
)
 
$
(12
)
 
$
(22
)
Effect on other comprehensive income
 
24

 
8

 
16

 
 
(5
)
 
(1
)
 
(4
)
Accumulated unrealized losses, net, on life deferred acquisition costs, life
   policy reserves and other, end of period
 
$
(26
)
 
$
(9
)
 
$
(17
)
 
 
$
(39
)
 
$
(13
)
 
$
(26
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated other comprehensive income, beginning of period
 
$
2,082

 
$
720

 
$
1,362

 
 
$
1,597

 
$
550

 
$
1,047

Change in unrealized gains, net, on investments available for sale
 
(244
)
 
(85
)
 
(159
)
 
 
(53
)
 
(19
)
 
(34
)
Change in pension obligations
 
3

 
1

 
2

 
 
1

 
—

 
1

Change in life deferred acquisition costs, life policy reserves and other
 
24

 
8

 
16

 
 
(5
)
 
(1
)
 
(4
)
Effect on other comprehensive income
 
(217
)
 
(76
)
 
(141
)
 
 
(57
)
 
(20
)
 
(37
)
Accumulated other comprehensive income, end of period
 
$
1,865

 
$
644

 
$
1,221

 
 
$
1,540

 
$
530

 
$
1,010


(In millions)
 
Six months ended June 30,
 
 
2013
 
 
2012
 
 
Before tax
 
Income tax
 
Net
 
 
Before tax
 
Income tax
 
Net
Accumulated unrealized gains, net, on investments available for sale,
   beginning of period
 
$
1,875

 
$
647

 
$
1,228

 
 
$
1,489

 
$
512

 
$
977

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassification
 
164

 
56

 
108

 
 
194

 
67

 
127

Reclassification adjustment for realized investment gains, net, included in net income
 
(52
)
 
(17
)
 
(35
)
 
 
(19
)
 
(6
)
 
(13
)
Effect on other comprehensive income
 
112

 
39

 
73

 
 
175

 
61

 
114

Accumulated unrealized gains, net, on investments available for sale,
   end of period
 
$
1,987

 
$
686

 
$
1,301

 
 
$
1,664

 
$
573

 
$
1,091

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses, net, for pension obligations,
   beginning of period
 
$
(101
)
 
$
(35
)
 
$
(66
)
 
 
$
(88
)
 
$
(31
)
 
$
(57
)
Other comprehensive income before reclassification
 
—

 
—

 
—

 
 
—

 
—

 
—

Reclassification adjustment for amortization of actuarial loss and prior
   service cost, net, included in net income
 
5

 
2

 
3

 
 
3

 
1

 
2

Effect on other comprehensive income
 
5

 
2

 
3

 
 
3

 
1

 
2

Accumulated unrealized losses, net, for pension obligations, end of period
 
$
(96
)
 
$
(33
)
 
$
(63
)
 
 
$
(85
)
 
$
(30
)
 
$
(55
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses, net, on life deferred acquisition costs, life
   policy reserves and other, beginning of period
 
$
(50
)
 
$
(17
)
 
$
(33
)
 
 
$
(29
)
 
$
(10
)
 
$
(19
)
Other comprehensive income before reclassification
 
27

 
10

 
17

 
 
(10
)
 
(3
)
 
(7
)
Reclassification adjustment for life deferred acquisition costs, life policy
   reserves and other, net, included in net income
 
(3
)
 
(2
)
 
(1
)
 
 
—

 
—

 
—

Effect on other comprehensive income
 
24

 
8

 
16

 
 
(10
)
 
(3
)
 
(7
)
Accumulated unrealized losses, net, on life deferred acquisition costs, life
   policy reserves and other, end of period
 
$
(26
)
 
$
(9
)
 
$
(17
)
 
 
$
(39
)
 
$
(13
)
 
$
(26
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated other comprehensive income, beginning of period
 
$
1,724

 
$
595

 
$
1,129

 
 
$
1,372

 
$
471

 
$
901

Change in unrealized gains, net, on investments available for sale
 
112

 
39

 
73

 
 
175

 
61

 
114

Change in pension obligations
 
5

 
2

 
3

 
 
3

 
1

 
2

Change in life deferred acquisition costs, life policy reserves and other
 
24

 
8

 
16

 
 
(10
)
 
(3
)
 
(7
)
Effect on other comprehensive income
 
141

 
49

 
92

 
 
168

 
59

 
109

Accumulated other comprehensive income, end of period
 
$
1,865

 
$
644

 
$
1,221

 
 
$
1,540

 
$
530

 
$
1,010


The reclassification adjustment for realized gains on investments available for sale are recorded in the total realized investment gains, net, line item of the condensed consolidated statements of income. The reclassification adjustment for amortization of actuarial loss and prior service cost, net, are recorded in the insurance losses and policyholder benefits, underwriting, acquisition and insurance expenses and the other operating expenses line items of the condensed consolidated statements of income.