Quarterly Supplementary Data

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Supplementary Data

Quarterly Supplementary Data

This table includes unaudited quarterly financial information for the years ended December 31, 2013 and 2012:

(Dollars in millions except per share data)	Quarter
	1st		2nd		3rd		4th		Full year
2013
Revenues *	$	1,103	$	1,104	$	1,152	$	1,172	$	4,531
Income before income taxes	217		148		182		167		714
Net income	154		110		131		122		517
Net income per common share—basic	0.95		0.67		0.80		0.75		3.16
Net income per common share—diluted	0.94		0.66		0.79		0.74		3.12
2012
Revenues *	$	986	$	1,020	$	1,035	$	1,070	$	4,111
Income before income taxes	112		29		152		273		566
Net income	86		32		111		192		421
Net income per common share—basic	0.53		0.20		0.69		1.18		2.59
Net income per common share—diluted	0.53		0.20		0.68		1.17		2.57

Note: The sum of the quarterly reported per share amounts may not equal the full year as each is computed independently.

* Revenues including realized investment gains and losses, which are integral to our financial results over the long term, may cause this value to fluctuate substantially because we have substantial discretion in the timing of investment sales. Also, applicable accounting standards require us to recognize gains and losses from certain changes in fair values of securities and embedded derivatives without actual realization of those gains and losses. We discuss realized investment gains for the past three years in Item 7, Investments Results of Operations, Page 79.