Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Reconcilliation between the Company's federal income tax (expense) benefit at statutory rates and the recorded income tax (expense) benefit, excluding taxes on discontinued operations

Tax Reconciliation

Years ended December 31
(In millions)	2011			2010			2009
Income tax expense at statutory rates	$	(307	)	$	(389	)	$	(189	)
Tax benefit from tax exempt income	74			84			119
Foreign taxes and credits	(3		)	(25		)	19
Taxes related to domestic affiliate	(21		)	(1		)	(2		)
Prior year tax adjustment	20			—			—
Other tax expense	(9		)	(2		)	(4		)
Income tax expense	$	(246	)	$	(333	)	$	(57	)

Current and deferred components of the Company's income tax (expense) benefit, excluding taxes on discontinued operations

Current and Deferred Taxes

Years ended December 31
(In millions)	2011			2010			2009
Current tax (expense) benefit	$	(54	)	$	(6	)	$	120
Deferred tax expense	(192		)	(327		)	(177		)
Total income tax expense	$	(246	)	$	(333	)	$	(57	)

Significant components of the Company's deferred tax assets and liabilities

Components of Net Deferred Tax Asset

December 31
(In millions)	2011		2010
Deferred Tax Assets:
Insurance reserves:
Property and casualty claim and claim adjustment expense reserves	$	419	$	525
Unearned premium reserves	142		127
Receivables	74		95
Employee benefits	323		258
Life settlement contracts	61		64
Investment valuation differences	3		70
Net loss and tax credits carried forward	25		84
Other assets	159		124
Gross deferred tax assets	1,206		1,347
Deferred Tax Liabilities:
Deferred acquisition costs	283		284
Net unrealized gains	508		314
Other liabilities	37		82
Gross deferred tax liabilities	828		680
Net deferred tax asset	$	378	$	667