DISCONTINUED OPERATIONS (Details) (USD $)
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3 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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Feb. 28, 2011
Star/Edison Sale
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Sep. 30, 2010
Star/Edison Sale
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Jan. 31, 2011
Nan Shan
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Sep. 30, 2011
Nan Shan
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Sep. 30, 2011
Nan Shan
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Sep. 30, 2011
Discontinued operations
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Sep. 30, 2011
Discontinued operations
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Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations | |||||||||||
Consideration in cash | $ 4,800,000,000 | ||||||||||
Amount of debt assumed by purchaser as part of total consideration received | 600,000,000 | ||||||||||
Pre-tax gain (loss) reflected in Income (loss) from discontinued operations in the Income Statement | 3,500,000,000 | 60,000,000 | (1,000,000,000) | 32,000,000 | 2,341,000,000 | ||||||
Voting interest (as a percent) | 97.57% | ||||||||||
Revenues: | |||||||||||
Premiums | 9,503,000,000 | 9,829,000,000 | 28,583,000,000 | 29,209,000,000 | 915,000,000 | 5,012,000,000 | |||||
Net investment income | 4,650,000,000 | 128,000,000 | 16,236,000,000 | 10,161,000,000 | 423,000,000 | 1,632,000,000 | |||||
Net realized capital gains (losses) | 647,000,000 | 607,000,000 | 794,000,000 | (53,000,000) | (120,000,000) | 844,000,000 | |||||
Other income | 1,010,000,000 | 368,000,000 | 2,119,000,000 | 2,078,000,000 | 5,000,000 | ||||||
Total revenues | 17,648,000,000 | 12,719,000,000 | 53,214,000,000 | 46,838,000,000 | 1,218,000,000 | 7,493,000,000 | |||||
Benefits, claims and expenses | 15,053,000,000 | 16,989,000,000 | 44,284,000,000 | 50,624,000,000 | 1,228,000,000 | 6,324,000,000 | |||||
Interest expense allocation | 988,000,000 | 970,000,000 | 2,895,000,000 | 3,055,000,000 | 2,000,000 | ||||||
Income (loss) from discontinued operations | (10,000,000) | 1,167,000,000 | |||||||||
Gain (loss) on sales | 3,500,000,000 | 60,000,000 | (1,000,000,000) | 32,000,000 | 2,341,000,000 | ||||||
Income (loss) from discontinued operations, before tax expense (benefit) | 22,000,000 | 3,508,000,000 | |||||||||
Income tax expense (benefit) | 243,000,000 | 1,181,000,000 | |||||||||
Income (loss) from discontinued operations, net of income tax | $ 1,000,000 | $ (221,000,000) | $ 9,000,000 | $ 2,327,000,000 | $ (221,000,000) | $ 2,327,000,000 |
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- Definition
The amount of debt assumed by the buyer in the sale of a business. No definition available.
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- Definition
Represents the net realized gains or (losses) on investments, including available for sale and trading securities, real estate investments, loans, and derivative instruments. Also includes other-than temporary impairment charges, the provision for loan losses, foreign currency transactions and other charges related to the valuation of these investments in the period. No definition available.
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- Definition
Percentage of voting interest in subsidiary sold. No definition available.
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- Definition
The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss), before tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of operating income or loss attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The income earned from investments in securities and property, equipment and other capital assets. It includes rent from property and equipment, dividends from shares in corporations, and interest from bonds, loans, mortgages, derivatives, commercial paper, bank accounts, certificates of deposits, treasuries, and other financial securities. It does not include realized gains and losses on investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Premiums earned on the income statement for all insurance and reinsurance contracts after subtracting any amounts ceded to another insurer and adding premiums assumed from other insurers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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