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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Securities available for sale, at fair value:    
Equity securities (cost $17 in 2013 and $20 in 2012) $ 22 $ 23
Securities held to maturity, at amortized cost:    
Fixed maturities 42,718 54,426
Other investments 164 174
Cash and cash equivalents 2,388 2,041
Total investments and cash 103,936 118,219
Receivables 889 976
Accrued investment income 820 842
Deferred policy acquisition costs 9,028 9,658
Property and equipment, at cost less accumulated depreciation 510 564
Other 1,130 [1] 835 [1]
Total assets 116,313 131,094
Policy liabilities:    
Future policy benefits 70,297 76,463
Unpaid policy claims 3,760 4,034
Unearned premiums 11,551 11,904
Other policyholders' funds 5,018 5,319
Total policy liabilities 90,626 97,720
Income taxes 3,363 3,858
Payables for return of cash collateral on loaned securities 1,506 6,277
Notes payable 4,946 4,352
Other 2,176 [2] 2,909 [2]
Commitments and contingent liabilities (Note 10)      
Total liabilities 102,617 115,116
Shareholders' equity:    
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2013 and 2012; issued 666,009 shares in 2013 and 665,239 shares in 2012 67 67
Additional paid-in capital 1,562 1,505
Retained earnings 18,841 17,387
Accumulated other comprehensive income (loss):    
Unrealized foreign currency translation gains (losses) (453) 333
Unrealized gains (losses) on investment securities (198) 2,570
Unrealized gains (losses) on derivatives (11) (5)
Pension liability adjustment (178) (183)
Treasury stock, at average cost (5,934) (5,696)
Total shareholders' equity 13,696 15,978
Total liabilities and shareholders' equity 116,313 131,094
Investments Other Than Consolidated Variable Interest Entities
   
Securities available for sale, at fair value:    
Fixed maturities 50,788 51,466
Perpetual securities 2,384 3,728
Securities held to maturity, at amortized cost:    
Fixed maturities 42,464 54,137
Variable Interest Entity, Consolidated
   
Securities available for sale, at fair value:    
Fixed maturities 5,022 5,787
Perpetual securities 450 574
Securities held to maturity, at amortized cost:    
Fixed maturities $ 254 $ 289
[1] Includes $135 in 2013 and $191 in 2012 of derivatives from consolidated variable interest entities
[2] Includes $284 in 2013 and $399 in 2012 of derivatives from consolidated variable interest entities