Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Reconcilliation between the Company's federal income tax (expense) benefit at statutory rates and the recorded income tax (expense) benefit

Tax Reconciliation

Years ended December 31
(In millions)	2013			2012			2011
Income tax expense at statutory rates	$	(460	)	$	(305	)	$	(305	)
Tax benefit from tax exempt income	97			84			74
Foreign taxes and credits	(1		)	(13		)	(3		)
Taxes related to domestic affiliate	—			—			(21		)
Prior year tax adjustment	—			—			20
Other tax expense	(12		)	(10		)	(7		)
Income tax expense	$	(376	)	$	(244	)	$	(242	)

Current and deferred components of the Company's income tax (expense) benefit

Current and Deferred Taxes

Years ended December 31
(In millions)	2013			2012			2011
Current tax expense	$	(299	)	$	(97	)	$	(54	)
Deferred tax expense	(77		)	(147		)	(188		)
Total income tax expense	$	(376	)	$	(244	)	$	(242	)

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

Components of Net Deferred Tax Asset

December 31
(In millions)	2013		2012
Deferred Tax Assets:
Insurance reserves:
Property and casualty claim and claim adjustment expense reserves	$	289	$	352
Unearned premium reserves	178		162
Receivables	50		60
Employee benefits	187		384
Life settlement contracts	46		45
Deferred retroactive reinsurance benefit	66		—
Other assets	149		160
Gross deferred tax assets	965		1,163
Deferred Tax Liabilities:
Investment valuation differences	68		38
Deferred acquisition costs	232		238
Net unrealized gains	383		737
Other liabilities	62		57
Gross deferred tax liabilities	745		1,070
Net deferred tax asset	$	220	$	93