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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Securities available for sale, at fair value:    
Equity securities (cost $21 in 2012 and $22 in 2011) $ 25 $ 25
Securities held to maturity, at amortized cost:    
Fixed maturities 48,834 47,009
Other investments 161 168
Cash and cash equivalents 2,210 2,249
Total investments and cash 103,104 103,462
Receivables 744 680
Accrued investment income 746 802
Deferred policy acquisition costs 9,542 9,789
Property and equipment, at cost less accumulated depreciation 591 617
Other 825 [1] 887 [1]
Total assets 115,552 116,237
Policy liabilities:    
Future policy benefits 76,332 79,278
Unpaid policy claims 3,885 3,981
Unearned premiums 1,854 1,704
Other policyholders' funds 10,933 9,630
Total policy liabilities 93,004 94,593
Notes payable 3,964 3,285
Income taxes 2,599 2,308
Payables for return of cash collateral on loaned securities 193 838
Other 2,149 [2] 2,267 [2]
Commitments and contingent liabilities (Note 10)      
Total liabilities 101,909 103,291
Shareholders' equity:    
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2012 and 2011; issued 664,437 shares in 2012 and 663,639 shares in 2011 66 66
Additional paid-in capital 1,433 1,408
Retained earnings 15,779 15,148
Accumulated other comprehensive income (loss):    
Unrealized foreign currency translation gains 718 984
Unrealized gains (losses) on investment securities:    
Unrealized gains (losses) on securities not other-than-temporarily impaired 1,448 1,143
Unrealized gains (losses) on derivatives 1 9
Pension liability adjustment (167) (171)
Treasury stock, at average cost (5,635) (5,641)
Total shareholders' equity 13,643 12,946
Total liabilities and shareholders' equity 115,552 116,237
Investments other than Consolidated Variable Interest Entities
   
Securities available for sale, at fair value:    
Fixed maturities 41,276 42,222
Perpetual securities 4,159 5,149
Securities held to maturity, at amortized cost:    
Fixed maturities 48,226 46,366
Variable Interest Entity, Consolidated
   
Securities available for sale, at fair value:    
Fixed maturities 5,246 5,350
Perpetual securities 1,193 1,290
Securities held to maturity, at amortized cost:    
Fixed maturities $ 608 $ 643
[1] Includes $271 in 2012 and $375 in 2011 of derivatives from consolidated variable interest entities
[2] Includes $419 in 2012 and $531 in 2011 of derivatives from consolidated variable interest entities