Income Taxes (Tables)

6 Months Ended

Jun. 30, 2012

Differences Between 35 Percent Statutory Income Tax Rate and Effective Income Tax Rate

The differences between the 35 percent statutory income tax rate and our effective income tax rate were as follows:

(Dollars in millions)	Three months ended June 30,										Six months ended June 30,
	2012					2011					2012					2011
Tax at statutory rate	$	10		35.0	%	$	(35	)	35.0	%	$	49		35.0	%	$	(8	)	35.0	%
Increase (decrease) resulting from:
Tax-exempt income from municipal bonds		(8	)	(27.6	)		(9	)	9.1			(17	)	(12.1	)		(17	)	70.8
Dividend received exclusion		(6	)	(20.7	)		(5	)	5.1			(11	)	(7.8	)		(10	)	41.7
Other		1		3.0			-		0.3			2		1.2			-		(1.7	)
Provision (benefit) for income taxes	$	(3	)	(10.3	)%	$	(49	)	49.5	%	$	23		16.3	%	$	(35	)	145.8	%