Discontinued Operations and Held-for-Sale Classification (Tables)

6 Months Ended

Jun. 30, 2011

Discontinued Operations and Held-for-Sale Classification

Summary of income (loss) from discontinued operations

		Three Months Ended June 30,						Six Months Ended June 30,
(in millions)		2011			2010			2011		2010
Revenues:
	Premiums	$	1,548		$	4,892		$	4,097	$	9,922
	Net investment income		497			1,762			1,209		3,654
	Net realized capital gains (losses)		595			(276	)		964		(427	)
	Other income		-			468			5		1,018
Total revenues			2,640			6,846			6,275		14,167
Benefits, claims and expenses			2,028			9,659			5,122		16,292
Interest expense allocation			-			19			2		38
Income (loss) from discontinued operations			612			(2,832	)		1,151		(2,163	)
Gain (loss) on sales			(692	)		(294	)		902		(401	)
Income (loss) from discontinued operations, before tax expense (benefit)			(80	)		(3,126	)		2,053		(2,564	)
Income tax expense (benefit)			(43	)		(515	)		437		(296	)
Income (loss) from discontinued operations, net of income tax		$	(37	)	$	(2,611	)	$	1,616	$	(2,268	)

Summary of assets and liabilities held for sale

(in millions)		June 30, 2011		December 31, 2010
Assets:
	Fixed maturity securities	$	45,302	$	77,905
	Equity securities		2,654		4,488
	Mortgage and other loans receivable, net		4,265		5,584
	Other invested assets		2,484		4,167
	Short-term investments		692		3,670
	Deferred policy acquisition costs and Other assets		2,114		7,639
	Separate account assets		4,077		3,745
Assets of businesses held for sale			61,588		107,198
Flight equipment*			5		255
Total assets held for sale		$	61,593	$	107,453
Liabilities:
	Future policy benefits for life and accident and health insurance contracts	$	48,930	$	61,767
	Policyholder contract deposits		1,322		26,847
	Other liabilities		2,821		4,428
	Other long-term debt		-		525
	Separate account liabilities		4,077		3,745
Total liabilities held for sale		$	57,150	$	97,312

*

Represents one and nine aircraft that remain to be sold under agreements for sale by ILFC as of June 30, 2011 and December 31, 2010, respectively.