Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2012

Condensed consolidated balance sheets

Effect of Adopting ASU 2010-26 in Financial Statement

The following table illustrates the effect of adopting ASU 2010-26 in the condensed consolidated balance sheets:

(In millions, except per share amounts)	June 30,		December 31,
	2012		2011
			As Reported		As Adjusted		Difference
Deferred policy acquisition costs	$	484	$	510	$	477	$	(33	)
Total assets		16,089		15,668		15,635		(33	)
Deferred income tax		359		314		303		(11	)
Shareholders' equity		5,144		5,055		5,033		(22	)
Book value per share		31.66		31.16		31.03		(0.13	)

Condensed consolidated statements of comprehensive income

Effect of Adopting ASU 2010-26 in Financial Statement

The following table illustrates the effect of adopting ASU 2010-26 in the condensed consolidated statements of comprehensive operations:

(In millions, except per share amounts)	Three months ended June 30,
	2012		2011
			As Reported			As Adjusted			Difference
Underwriting, acquisition and insurance expenses	$	287	$	251		$	253		$	2
Net income		32		(49	)		(50	)		(1	)
Net income per share:
Basic	$	0.20	$	(0.30	)	$	(0.31	)	$	(0.01	)
Diluted		0.20		(0.30	)		(0.31	)		(0.01	)

	Six months ended June 30,
	2012		2011
			As Reported		As Adjusted		Difference
Underwriting, acquisition and insurance expenses	$	561	$	512	$	515	$	3
Net income		118		13		11		(2	)
Net income per share:
Basic	$	0.73	$	0.08	$	0.07	$	(0.01	)
Diluted		0.72		0.08		0.07		(0.01	)