Investments (Tables)

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements [Abstract]

Available for Sale Securities

				As of September 30, 2011
				Amortized		Gross Unrealized						Fair
				Cost		Gains		Losses		OTTI		Value
Fixed Maturity Securities
Corporate bonds				$	52,926	$	5,955	$	551	$	67	$	58,263
U.S. Government bonds					239		47		-		-		286
Foreign government bonds					590		53		1		-		642
Mortgage-backed securities ("MBS"):
	Collateralized mortgage obligations ("CMOs")				5,001		404		73		124		5,208
	Mortgage pass through securities ("MPTS")				3,052		188		-		-		3,240
	Commercial mortgage-backed securities ("CMBS")				1,719		70		105		14		1,670
ABS CDOs					131		-		20		-		111
State and municipal bonds					3,407		571		9		-		3,969
Hybrid and redeemable preferred securities					1,317		55		170		-		1,202
VIEs' fixed maturity securities					672		28		-		-		700
		Total fixed maturity securities			69,054		7,371		929		205		75,291
Equity Securities
Banking securities					2		-		1		-		1
Insurance securities					29		1		3		-		27
Other financial services securities					17		8		-		-		25
Other securities					83		7		6		-		84
		Total equity securities			131		16		10		-		137
			Total AFS securities	$	69,185	$	7,387	$	939	$	205	$	75,428

				As of December 31, 2010
				Amortized		Gross Unrealized						Fair
				Cost		Gains		Losses		OTTI		Value
Fixed Maturity Securities
Corporate bonds				$	48,863	$	3,571	$	607	$	87	$	51,740
U.S. Government bonds					150		17		2		-		165
Foreign government bonds					473		38		3		-		508
MBS:
	CMOs				5,693		324		114		146		5,757
	MPTS				2,980		106		5		-		3,081
	CMBS				2,144		95		180		6		2,053
ABS CDOs					174		22		13		9		174
State and municipal bonds					3,222		27		94		-		3,155
Hybrid and redeemable preferred securities					1,476		56		135		-		1,397
VIEs' fixed maturity securities					570		14		-		-		584
		Total fixed maturity securities			65,745		4,270		1,153		248		68,614
Equity Securities
Banking securities					61		-		3		-		58
Insurance securities					33		4		-		-		37
Other financial services securities					18		14		-		-		32
Other securities					67		7		4		-		70
		Total equity securities			179		25		7		-		197
			Total AFS securities	$	65,924	$	4,295	$	1,160	$	248	$	68,811

			As of September 30, 2011
			Amortized		Fair
			Cost		Value
Due in one year or less			$	2,330	$	2,369
Due after one year through five years				12,515		13,390
Due after five years through ten years				21,789		23,809
Due after ten years				22,517		25,494
	Subtotal			59,151		65,062
MBS				9,772		10,118
Asset-backed securities ("ABS") collateralized debt obligations ("CDOs")				131		111
		Total fixed maturity AFS securities	$	69,054	$	75,291

				As of September 30, 2011
				Less Than or Equal				Greater Than
				to Twelve Months				Twelve Months				Total
						Gross				Gross				Gross
						Unrealized				Unrealized				Unrealized
				Fair		Losses and		Fair		Losses and		Fair		Losses and
				Value		OTTI		Value		OTTI		Value		OTTI
Fixed Maturity Securities
Corporate bonds				$	3,576	$	184	$	1,405	$	434	$	4,981	$	618
U.S. Government bonds					14		-		2		-		16		-
Foreign government bonds					86		1		-		-		86		1
MBS:
	CMOs				573		107		492		90		1,065		197
	MPTS				2		-		1		-		3		-
	CMBS				221		21		154		98		375		119
ABS CDOs					3		1		87		19		90		20
State and municipal bonds					5		-		28		9		33		9
Hybrid and redeemable
	preferred securities				277		23		396		147		673		170
		Total fixed maturity securities			4,757		337		2,565		797		7,322		1,134
Equity Securities
Banking securities					1		1		-		-		1		1
Insurance securities					24		3		-		-		24		3
Other securities					6		6		-		-		6		6
		Total equity securities			31		10		-		-		31		10
			Total AFS securities	$	4,788	$	347	$	2,565	$	797	$	7,353	$	1,144
Total number of AFS securities in an unrealized loss position															952

					As of December 31, 2010
				Less Than or Equal				Greater Than
				to Twelve Months				Twelve Months				Total
						Gross				Gross				Gross
						Unrealized				Unrealized				Unrealized
				Fair		Losses and		Fair		Losses and		Fair		Losses and
				Value		OTTI		Value		OTTI		Value		OTTI
Fixed Maturity Securities
Corporate bonds				$	5,271	$	297	$	2,007	$	397	$	7,278	$	694
U.S. Government bonds					28		2		2		-		30		2
Foreign government bonds					19		-		9		3		28		3
MBS:
	CMOs				465		121		748		139		1,213		260
	MPTS				190		5		2		-		192		5
	CMBS				75		8		304		178		379		186
ABS CDOs					-		-		147		22		147		22
State and municipal bonds					1,889		84		27		10		1,916		94
Hybrid and redeemable
	preferred securities				203		10		568		125		771		135
		Total fixed maturity securities			8,140		527		3,814		874		11,954		1,401
Equity Securities
Banking securities					57		3		-		-		57		3
Other securities					3		4		-		-		3		4
		Total equity securities			60		7		-		-		60		7
			Total AFS securities	$	8,200	$	534	$	3,814	$	874	$	12,014	$	1,408
Total number of AFS securities in an unrealized loss position															1,237

		As of September 30, 2011
		Amortized		Fair		Unrealized
		Cost		Value		Loss
Total
AFS securities backed by pools of residential mortgages		$	2,120	$	1,650	$	470
AFS securities backed by pools of commercial mortgages			532		399		133
	Total	$	2,652	$	2,049	$	603
Subject to Detailed Analysis
AFS securities backed by pools of residential mortgages		$	2,097	$	1,627	$	470
AFS securities backed by pools of commercial mortgages			132		67		65
	Total	$	2,229	$	1,694	$	535

		As of December 31, 2010
		Amortized		Fair		Unrealized
		Cost		Value		Loss
Total
AFS securities backed by pools of residential mortgages		$	2,539	$	2,006	$	533
AFS securities backed by pools of commercial mortgages			611		410		201
	Total	$	3,150	$	2,416	$	734
Subject to Detailed Analysis
AFS securities backed by pools of residential mortgages		$	2,303	$	1,776	$	527
AFS securities backed by pools of commercial mortgages			185		76		109
	Total	$	2,488	$	1,852	$	636

		As of September 30, 2011
								Number
		Fair		Gross Unrealized				of
		Value		Losses		OTTI		Securities (1)
Less than six months		$	444	$	156	$	31		82
Six months or greater, but less than nine months			2		-		2		5
Nine months or greater, but less than twelve months			21		6		3		9
Twelve months or greater			630		450		120		174
	Total	$	1,097	$	612	$	156		270

		As of December 31, 2010
								Number
		Fair		Gross Unrealized				of
		Value		Losses		OTTI		Securities (1)
Less than six months		$	170	$	73	$	5		41
Six months or greater, but less than nine months			60		22		-		13
Nine months or greater, but less than twelve months			42		17		1		13
Twelve months or greater			929		520		184		224
	Total	$	1,201	$	632	$	190		291

					For the Three				For the Nine
					Months Ended				Months Ended
					September 30,				September 30,
					2011		2010		2011		2010
Balance as of beginning-of-period					$	340	$	293	$	319	$	268
	Increases attributable to:
		Credit losses on securities for which an OTTI was not previously
			recognized			11		6		40		7
		Credit losses on securities for which an OTTI was previously
			recognized			17		14		57		53
	Decreases attributable to:
		Securities sold				(6)		(6)		(54)		(21)
				Balance as of end-of-period	$	362	$	307	$	362	$	307

			As of September 30, 2011
					Gross Unrealized						OTTI in
			Amortized				Losses and		Fair		Credit
			Cost		Gains		OTTI		Value		Losses
Corporate bonds			$	168	$	1	$	66	$	103	$	46
MBS:
	CMOs			640		1		118		523		288
	CMBS			21		-		14		7		28
		Total	$	829	$	2	$	198	$	633	$	362

			As of December 31, 2010
					Gross Unrealized						OTTI in
			Amortized				Losses and		Fair		Credit
			Cost		Gains		OTTI		Value		Losses
Corporate bonds			$	204	$	3	$	76	$	131	$	60
MBS:
	CMOs			509		2		126		385		258
	CMBS			6		-		5		1		1
		Total	$	719	$	5	$	207	$	517	$	319

Schedule of impaired mortgage loans

			As of			As of
		September 30,			December 31,
			2011			2010
Current			$	6,806		$	6,697
60 to 90 days past due				26			8
Greater than 90 days past due				68			40
Valuation allowance associated with impaired mortgage loans on real estate				(22)			(13)
Unamortized premium (discount)				15			20
	Total carrying value		$	6,893		$	6,752

			As of			As of
		September 30,			December 31,
			2011			2010
Number of impaired mortgage loans on real estate			10			9
Principal balance of impaired mortgage loans on real estate			$	79		$	75
Valuation allowance associated with impaired mortgage loans on real estate				(22)			(13)
	Carrying value of impaired mortgage loans on real estate		$	57		$	62

				For the
				Nine
				Months
				Ended
			September 30,
				2011
Balance as of beginning-of-year				$	13
	Additions				14
	Charge-offs				(5)
		Balance as of end-of-period		$	22

	For the Three				For the Nine
	Months Ended				Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
Average carrying value for impaired mortgage loans on real estate	$	58	$	61	$	55	$	53
Interest income recognized on impaired mortgage loans on real estate		-		-		2		1
Interest income collected on impaired mortgage loans on real estate		-		-		2		1

Credit quality indicators for mortgage loans

		As of September 30, 2011					As of December 31, 2010
						Debt-					Debt-
						Service					Service
		Principal				Coverage	Principal				Coverage
Loan-to-Value		Amount		%		Ratio	Amount		%		Ratio
Less than 65%		$	5,343	77.4	%	1.60	$	4,863	72.1	%	1.62
65% to 74%			1,148	16.7	%	1.37		1,484	22.0	%	1.40
75% to 100%			319	4.6	%	0.86		179	2.7	%	0.85
Greater than 100%			90	1.3	%	0.26		219	3.2	%	1.06
	Total mortgage loans on real estate	$	6,900	100.0	%		$	6,745	100.0	%

Realized gain (loss) related to certain investments

			For the Three				For the Nine
			Months Ended				Months Ended
			September 30,				September 30,
			2011		2010		2011		2010
Fixed maturity AFS securities:
	Gross gains		$	17	$	12	$	84	$	96
	Gross losses			(63)		(61)		(177)		(174)
Equity AFS securities:
	Gross gains			-		3		10		9
	Gross losses			-		-		-		(4)
Gain (loss) on other investments				(3)		(2)		1		(33)
Associated amortization of DAC, VOBA, DSI and DFEL
	and changes in other contract holder funds			5		22		(13)		20
		Total realized gain (loss) related to certain investments	$	(44)	$	(26)	$	(95)	$	(86)

OTTI Recognized in Net Income (Loss) and OCI

						For the Three				For the Nine
						Months Ended				Months Ended
						September 30,				September 30,
						2011		2010		2011		2010
OTTI Recognized in Net Income (Loss)
Fixed maturity securities:
	Corporate bonds					$	(3)	$	(34)	$	(9)	$	(80)
	MBS:
		CMOs					(22)		(16)		(65)		(52)
		CMBS					(8)		(4)		(47)		(4)
	ABS CDOs						-		-		(1)		(1)
	Hybrid and redeemable preferred securities						-		-		(2)		(5)
			Total fixed maturity securities				(33)		(54)		(124)		(142)
Equity securities:
	Other financial services securities						-		-		-		(3)
			Total equity securities				-		-		-		(3)
				Gross OTTI recognized in net income (loss)			(33)		(54)		(124)		(145)
				Associated amortization of DAC, VOBA, DSI and DFEL			8		8		30		35
					Net OTTI recognized in net income (loss), pre-tax	$	(25)	$	(46)	$	(94)	$	(110)
Portion of OTTI Recognized in OCI
Gross OTTI recognized in OCI						$	21	$	62	$	48	$	84
Change in DAC, VOBA, DSI and DFEL							(4)		(9)		(9)		(7)
	Net portion of OTTI recognized in OCI, pre-tax					$	17	$	53	$	39	$	77

Payables for collateral on investments

			As of September 30, 2011				As of December 31, 2010
			Carrying		Fair		Carrying		Fair
			Value		Value		Value		Value
Collateral payable held for derivative investments (1)			$	2,593	$	2,593	$	800	$	800
Securities pledged under securities lending agreements (2)				198		191		199		192
Securities pledged under reverse repurchase agreements (3)				280		295		280		294
Securities pledged for Term Asset-Backed Securities
	Loan Facility ("TALF") (4)			184		211		280		318
Investments pledged for Federal Home Loan Bank of
	Indianapolis Securities ("FHLBI") (5)			600		1,037		100		115
		Total payables for collateral on investments	$	3,855	$	4,327	$	1,659	$	1,719

		For the Nine
		Months Ended
		September 30,
		2011		2010
Collateral payable held for derivative investments		$	1,793	$	1,053
Securities pledged under securities lending agreements			(1)		(301)
Securities pledged under reverse repurchase agreements			-		(64)
Securities pledged for TALF			(96)		(28)
Securities pledged for FHLBI			500		-
	Total increase (decrease) in payables for collateral on investments	$	2,196	$	660