Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

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)	2014			2013			2012
Income tax expense at statutory rates	$	(423	)	$	(447	)	$	(301	)
Tax benefit from tax exempt income	119			97			84
Foreign taxes and credits	(6		)	(1		)	(13		)
Other tax expense	(9		)	(10		)	(9		)
Income tax expense	$	(319	)	$	(361	)	$	(239	)

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

Current and Deferred Taxes

Years ended December 31
(In millions)	2014			2013			2012
Current tax expense	$	(318	)	$	(292	)	$	(94	)
Deferred tax expense	(1		)	(69		)	(145		)
Total income tax expense	$	(319	)	$	(361	)	$	(239	)

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

Components of Net Deferred Tax Asset

December 31
(In millions)	2014		2013
Deferred Tax Assets:
Insurance reserves:
Property and casualty claim and claim adjustment expense reserves	$	265	$	289
Unearned premium reserves	187		178
Receivables	35		50
Employee benefits	289		187
Life settlement contracts	46		46
Deferred retroactive reinsurance benefit	61		66
Other assets	138		149
Gross deferred tax assets	1,021		965
Deferred Tax Liabilities:
Investment valuation differences	50		68
Deferred acquisition costs	226		232
Net unrealized gains	489		383
Other liabilities	65		62
Gross deferred tax liabilities	830		745
Net deferred tax asset	$	191	$	220