Accounting Policies (Tables)

9 Months Ended

Sep. 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:

	September 30,		December 31,
(In millions, except per share amounts)	2012		2011
			As Previously Reported		As Adjusted		Difference
Deferred policy acquisition costs	$	491	$	510	$	477	$	(33	)
Total assets		16,479		15,668		15,635		(33	)
Deferred income tax liability		453		314		303		(11	)
Shareholders' equity		5,359		5,055		5,033		(22	)
Book value per share		32.95		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:

	Three months ended September 30,
(In millions, except per share amounts)	2012		2011
			As Previously Reported		As Adjusted		Difference
Underwriting, acquisition and insurance expenses	$	296	$	260	$	260	$	0
Net income		111		19		19		0
Net income per share:
Basic	$	0.69	$	0.12	$	0.12	$	0.00
Diluted		0.68		0.12		0.12		0.00

	Nine months ended September 30,
	2012		2011
			As Previously Reported		As Adjusted		Difference
Underwriting, acquisition and insurance expenses	$	857	$	772	$	775	$	3
Net income		229		32		30		(2	)
Net income per share:
Basic	$	1.41	$	0.20	$	0.19	$	(0.01	)
Diluted		1.40		0.20		0.19		(0.01	)