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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Securities available for sale, at fair value:    
Equity securities (cost $21 in 2012 and $22 in 2011) $ 23 $ 25
Securities held to maturity, at amortized cost:    
Fixed maturities 52,413 47,009
Other investments 176 168
Cash and cash equivalents 2,130 2,249
Total investments and cash 109,255 103,462
Receivables 747 680
Accrued investment income 813 802
Deferred policy acquisition costs 9,961 9,789
Property and equipment, at cost less accumulated depreciation 603 617
Other 830 [1] 887 [1]
Total assets 122,209 116,237
Policy liabilities:    
Future policy benefits 80,078 79,278
Unpaid policy claims 4,057 3,981
Unearned premiums 2,068 1,704
Other policyholders' funds 13,210 9,630
Total policy liabilities 99,413 94,593
Notes payable 3,672 3,285
Income taxes 2,635 2,308
Payables for return of cash collateral on loaned securities 192 838
Other 2,118 [2] 2,267 [2]
Commitments and contingent liabilities (Note 10)      
Total liabilities 108,030 103,291
Shareholders' equity:    
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2012 and 2011; issued 664,532 shares in 2012 and 663,639 shares in 2011 66 66
Additional paid-in capital 1,453 1,408
Retained earnings 16,108 15,148
Accumulated other comprehensive income (loss):    
Unrealized foreign currency translation gains 865 984
Unrealized gains (losses) on investment securities:    
Unrealized gains (losses) on securities not other-than-temporarily impaired 1,470 1,143
Unrealized gains (losses) on derivatives 4 9
Pension liability adjustment (168) (171)
Treasury stock, at average cost (5,619) (5,641)
Total shareholders' equity 14,179 12,946
Total liabilities and shareholders' equity 122,209 116,237
Investments Other Than Consolidated Variable Interest Entities
   
Securities available for sale, at fair value:    
Fixed maturities 44,036 42,222
Perpetual securities 3,966 5,149
Securities held to maturity, at amortized cost:    
Fixed maturities 52,098 46,366
Variable Interest Entity, Consolidated
   
Securities available for sale, at fair value:    
Fixed maturities 5,745 5,350
Perpetual securities 766 1,290
Securities held to maturity, at amortized cost:    
Fixed maturities $ 315 $ 643
[1] Includes $281 in 2012 and $375 in 2011 of derivatives from consolidated variable interest entities
[2] Includes $474 in 2012 and $531 in 2011 of derivatives from consolidated variable interest entities