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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Insurance premiums$ 559$ 538$ 1,721$ 1,621
Insurance fees8647692,5822,351
Net investment income1,1511,1323,5223,358
Realized gain (loss):    
Total other-than-temporary impairment losses on securities(42)(99)(133)(187)
Portion of loss recognized in other comprehensive income17533977
Net other-than-temporary impairment losses on securities recognized in earnings(25)(46)(94)(110)
Realized gain (loss), excluding other-than-temporary impairment losses on securities(138)89(83)132
Total realized gain (loss)(163)43(177)22
Amortization of deferred gain on business sold through reinsurance19195656
Other revenues and fees118112361337
Total revenues2,5482,6138,0657,745
Benefits and Expenses    
Interest credited6256231,8641,855
Benefits6659242,5272,541
Underwriting, acquisition, insurance and other expenses1,0406892,4012,155
Interest and debt expense7974223212
Total benefits and expenses2,4092,3107,0156,763
Income (loss) from continuing operations before taxes1393031,050982
Federal income tax expense (benefit)(12)55234226
Income (loss) from continuing operations151248816756
Income (loss) from discontinued operations, net of federal income taxes(8)(2)(8)29
Net income (loss)143246808785
Preferred stock dividends and accretion of discount000(168)
Net income (loss) available to common stockholders$ 143$ 246$ 808$ 617
Earnings (Loss) Per Common Share - Basic    
Income (loss) from continuing operations (in dollars per share)$ 0.50$ 0.79$ 2.63$ 1.92
Income (loss) from discontinued operations (in dollars per share)$ (0.03)$ (0.01)$ (0.03)$ 0.09
Net income (loss) (in dollars per share)$ 0.47$ 0.78$ 2.60$ 2.01
Earnings (Loss) Per Common Share - Diluted    
Income (loss) from continuing operations (in dollars per share)$ 0.47$ 0.76$ 2.55$ 1.85
Income (loss) from discontinued operations (in dollars per share)$ (0.03)$ (0.01)$ (0.03)$ 0.09
Net income (loss) (in dollars per share)$ 0.44$ 0.75$ 2.52$ 1.94