Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements [Abstract]

Outstanding derivative instruments with off-balance-sheet risks

							As of September 30, 2011
							Number			Asset Carrying				(Liability) Carrying
							of	Notional		or Fair Value				or Fair Value
						Instruments		Amounts		Gain		Loss		Gain		Loss
Derivative Instruments
	Designated and Qualifying
	as Hedging Instruments
Cash flow hedges:
	Interest rate swap agreements⁽¹⁾						148	$	877	$	34	$	(222)	$	-	$	-
	Forward-starting interest rate swaps⁽¹⁾						3		60		-		-		-		-
	Foreign currency swaps⁽¹⁾						13		340		47		(14)		-		-
	Treasury and reverse treasury locks⁽¹⁾						12		1,600		320		(10)		-		-
		Total cash flow hedges					176		2,877		401		(246)		-		-
Fair value hedges:
	Interest rate swap agreements⁽²⁾						11		1,675		277		-		-		(277)
		Total fair value hedges					11		1,675		277		-		-		(277)
			Total derivative instruments
				designated and qualifying as
				hedging instruments			187		4,552		678		(246)		-		(277)
Derivative Instruments Not
	Designated and Not Qualifying
	as Hedging Instruments
Interest rate futures⁽¹⁾							5,241		935		-		-		-		-
Equity futures⁽¹⁾							28,409		1,724		-		-		-		-
Interest rate swap agreements⁽¹⁾							106		10,076		887		(505)		-		-
Credit default swaps - buying protection⁽¹⁾							3		35		6		-		-		-
Credit default swaps - selling protection⁽³⁾							9		148		-		-		-		(15)
Total return swaps⁽¹⁾							24		2,597		101		(12)		-		-
Put options⁽¹⁾							172		6,477		1,878		(18)		-		-
Call options (based on S&P 500)⁽¹⁾							545		4,778		118		-		-		-
Variance swaps⁽¹⁾							74		40		125		(14)		-		-
Currency futures⁽¹⁾							18		3		-		-		-		-
Consumer price index swaps⁽¹⁾							98		51		-		(3)		-		-
Interest rate cap corridors⁽¹⁾							88		16,625		34		-		-		-
Embedded derivatives:
	Deferred compensation plans⁽³⁾						6		-		-		-		-		(325)
	Indexed annuity contracts⁽⁴⁾						145,862		-		-		-		-		(342)
	GLB reserves⁽⁴⁾						330,244		-		-		-		503		(2,846)
	Reinsurance related⁽⁵⁾						-		-		-		-		-		(177)
			Total derivative instruments not
				designated and not qualifying as
				hedging instruments			510,899		43,489		3,149		(552)		503		(3,705)
					Total derivative instruments		511,086	$	48,041	$	3,827	$	(798)	$	503	$	(3,982)

							As of December 31, 2010
							Number			Asset Carrying				(Liability) Carrying
							of	Notional		or Fair Value				or Fair Value
						Instruments		Amounts		Gain		Loss		Gain		Loss
Derivative Instruments
	Designated and Qualifying
	as Hedging Instruments
Cash flow hedges:
	Interest rate swap agreements⁽¹⁾						151	$	926	$	24	$	(71)	$	-	$	-
	Forward-starting interest rate swaps⁽¹⁾						2		150		1		-		-		-
	Foreign currency swaps⁽¹⁾						13		340		43		(13)		-		-
	Reverse treasury locks⁽¹⁾						5		1,000		11		(5)		-		-
		Total cash flow hedges					171		2,416		79		(89)		-		-
Fair value hedges:
	Interest rate swap agreements⁽²⁾						11		1,675		106		(51)		-		(55)
		Total fair value hedges					11		1,675		106		(51)		-		(55)
			Total derivative instruments
				designated and qualifying as
				hedging instruments			182		4,091		185		(140)		-		(55)
Derivative Instruments Not
	Designated and Not Qualifying
	as Hedging Instruments
Interest rate cap agreements⁽¹⁾							3		150		-		-		-		-
Interest rate futures⁽¹⁾							15,881		2,251		-		-		-		-
Equity futures⁽¹⁾							13,375		907		-		-		-		-
Interest rate swap agreements⁽¹⁾							81		7,955		34		(511)		-		-
Credit default swaps⁽³⁾							9		145		-		-		-		(16)
Total return swaps⁽¹⁾							9		900		-		(21)		-		-
Put options⁽¹⁾							145		5,602		1,151		-		-		-
Call options (based on S&P 500)⁽¹⁾							544		4,083		301		-		-		-
Variance swaps⁽¹⁾							50		30		46		(34)		-		-
Currency futures⁽¹⁾							1,589		219		-		-		-		-
Consumer price index swaps⁽¹⁾							100		55		-		(2)		-		-
Interest rate cap corridors⁽¹⁾							73		8,050		52		-		-		-
Embedded derivatives:
	Deferred compensation plans⁽³⁾						6		-		-		-		-		(363)
	Indexed annuity contracts⁽⁴⁾						132,260		-		-		-		-		(497)
	GLB reserves⁽⁴⁾						305,962		-		-		-		518		(926)
	Reinsurance related⁽⁵⁾						-		-		-		-		-		(102)
	AFS securities⁽¹⁾						1		-		15		-		-		-
			Total derivative instruments not
				designated and not qualifying as
				hedging instruments			470,088		30,347		1,599		(568)		518		(1,904)
					Total derivative instruments		470,270	$	34,438	$	1,784	$	(708)	$	518	$	(1,959)

Maturity of the notional amounts of derivative financial instruments

							Remaining Life as of September 30, 2011
							Less Than		1 – 5		6 – 10		11 – 30		Over 30
							1 Year		Years		Years		Years		Years		Total
Derivative Instruments
	Designated and Qualifying
	as Hedging Instruments
Cash flow hedges:
	Interest rate swap agreements						$	-	$	59	$	264	$	547	$	7	$	877
	Forward-starting interest rate swaps							-		-		60		-		-		60
	Foreign currency swaps							-		154		105		81		-		340
	Treasury and reverse treasury locks							300		1,090		210		-		-		1,600
		Total cash flow hedges						300		1,303		639		628		7		2,877
Fair value hedges:
	Interest rate swap agreements							300		500		-		875		-		1,675
		Total fair value hedges						300		500		-		875		-		1,675
			Total derivative instruments
				designated and qualifying as
				hedging instruments				600		1,803		639		1,503		7		4,552
Derivative Instruments Not
	Designated and Not Qualifying
	as Hedging Instruments
Interest rate futures								935		-		-		-		-		935
Equity futures								1,724		-		-		-		-		1,724
Interest rate swap agreements								258		1,594		1,970		6,254		-		10,076
Credit default swaps - buying protection								-		35		-		-		-		35
Credit default swaps - selling protection								-		40		108		-		-		148
Total return swaps								2,447		150		-		-		-		2,597
Put options								-		1,814		4,663		-		-		6,477
Call options (based on S&P 500)								3,786		992		-		-		-		4,778
Variance swaps								-		3		37		-		-		40
Currency futures								3		-		-		-		-		3
Consumer price index swaps								4		15		13		17		2		51
Interest rate cap corridors								-		7,750		8,875		-		-		16,625
			Total derivative instruments
				not designated and not
				qualifying as hedging
				instruments				9,157		12,393		15,666		6,271		2		43,489
					Total derivative instruments
						with notional amounts	$	9,757	$	14,196	$	16,305	$	7,774	$	9	$	48,041

Change in our unrealized gain on derivative instruments in accumulated OCI

						For the Nine
						Months Ended
						September 30,
						2011		2010
Unrealized Gain (Loss) on Derivative Instruments
Balance as of beginning-of-year						$	(15)	$	11
Other comprehensive income (loss):
	Unrealized holding gains (losses) arising during the period:
		Cash flow hedges:
			Interest rate swap agreements				(147)		(91)
			Forward-starting interest rate swaps				(2)		-
			Foreign currency swaps				7		20
			Treasury and reverse treasury locks				327		(29)
		Fair value hedges:
			Interest rate swap agreements				3		3
	Change in foreign currency exchange rate adjustment						(1)		8
	Change in DAC, VOBA, DSI and DFEL						(1)		(10)
	Income tax benefit (expense)						(65)		35
	Less:
		Reclassification adjustment for gains (losses) included in net income (loss):
			Cash flow hedges:
				Interest rate swap agreements⁽¹⁾			(6)		5
				Foreign currency swaps⁽¹⁾			3		2
				Treasury and reverse treasury locks⁽²⁾			(3)		3
			Fair value hedges:
				Interest rate swap agreements⁽²⁾			3		3
		Associated amortization of DAC, VOBA, DSI and DFEL					-		(1)
		Income tax benefit (expense)					1		(4)
					Balance as of end-of-period	$	108	$	(61)

Gains (losses) on derivative instruments recorded within income (loss) from continuing operations

						For the Three				For the Nine
						Months Ended				Months Ended
						September 30,				September 30,
						2011		2010		2011		2010
Derivative Instruments Designated and
	Qualifying as Hedging Instruments
Cash flow hedges:
	Interest rate swap agreements⁽¹⁾					$	(2)	$	(3)	$	(7)	$	5
	Foreign currency swaps⁽¹⁾						2		1		3		2
		Total cash flow hedges					-		(2)		(4)		7
Fair value hedges:
	Interest rate swap agreements⁽²⁾						13		12		38		29
	Equity collars⁽³⁾						-		15		-		15
		Total fair value hedges					13		27		38		44
			Total derivative instruments designated
				and qualifying as hedging instruments			13		25		34		51
Derivative Instruments Not Designated and
	Not Qualifying as Hedging Instruments
Interest rate futures⁽³⁾							132		134		121		348
Equity futures⁽³⁾							105		(184)		51		(172)
Interest rate swap agreements⁽³⁾							850		10		888		313
Foreign currency forwards⁽³⁾							-		-		-		43
Credit default swaps - fees⁽¹⁾							-		-		-		1
Credit default swaps - buying protection - marked-to-market⁽¹⁾							(1)		-		(1)		-
Credit default swaps - selling protection - marked-to-market⁽³⁾							(8)		12		(6)		4
Total return swaps⁽⁴⁾							154		(110)		120		(59)
Put options⁽³⁾							606		(148)		504		235
Call options (based on S&P 500)⁽³⁾							(140)		70		(78)		27
Variance swaps⁽³⁾							126		(56)		84		38
Currency futures⁽³⁾							(5)		(8)		(11)		(15)
Consumer price index swaps⁽³⁾							(3)		(4)		(1)		(4)
Interest rate cap corridors⁽¹⁾							(25)		(4)		(41)		(15)
Embedded derivatives:
	Deferred compensation plans⁽⁴⁾						22		(14)		10		(14)
	Indexed annuity contracts⁽³⁾						135		(70)		81		(19)
	GLB reserves⁽³⁾						(2,065)		188		(1,935)		(805)
	Reinsurance related⁽³⁾						(58)		(40)		(76)		(102)
	AFS securities⁽¹⁾						-		1		1		-
			Total derivative instruments not designated
				and not qualifying as hedging instruments			(175)		(223)		(289)		(196)
					Total derivative instruments	$	(162)	$	(198)	$	(255)	$	(145)

Gains (losses) on derivative instruments designated as cash flow hedges

		For the Three				For the Nine
		Months Ended				Months Ended
		September 30,				September 30,
		2011		2010		2011		2010
Gain (loss) recognized as a component of OCI with the offset
	to net investment income	$	-	$	(3)	$	(4)	$	7

		For the Three				For the Nine
		Months Ended				Months Ended
		September 30,				September 30,
		2011		2010		2011		2010
Ineffective portion recognized in realized gain (loss)		$	-	$	-	$	-	$	1
Gain (loss) recognized as a component of OCI with the offset
	to interest expense		1		1		3		3

Open credit default swap liabilities

As of September 30, 2011

Credit

Reason

Nature

Rating of

Number

Maximum

for

Underlying

Fair

Potential

Maturity

Entering

Recourse

Obligation⁽¹⁾

Instruments

Value⁽²⁾

Payout

12/20/2012⁽³⁾

⁽⁵⁾

⁽⁶⁾

BBB+

12/20/2016⁽⁴⁾

⁽⁵⁾

⁽⁶⁾

A-

(10)

03/20/2017⁽⁴⁾

⁽⁵⁾

⁽⁶⁾

BBB

(5)

(15)

148

As of December 31, 2010