Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements [Abstract]

Carrying and Estimated Fair Values of Financial Instruments

		As of September 30, 2011				As of December 31, 2010
		Carrying		Fair		Carrying		Fair
		Value		Value		Value		Value
Assets
AFS securities:
	Fixed maturity securities	$	74,591	$	74,591	$	68,030	$	68,030
	VIEs' fixed maturity securities		700		700		584		584
	Equity securities		137		137		197		197
Trading securities			2,726		2,726		2,596		2,596
Mortgage loans on real estate			6,893		7,596		6,752		7,183
Derivative investments			3,029		3,029		1,076		1,076
Other investments			1,105		1,105		1,038		1,038
Cash and invested cash			4,833		4,833		2,741		2,741
Separate account assets			78,195		78,195		84,630		84,630
Liabilities
Future contract benefits:
	Indexed annuity contracts embedded derivatives		(342)		(342)		(497)		(497)
	GLB reserves embedded derivatives		(2,343)		(2,343)		(408)		(408)
Other contract holder funds:
	Remaining guaranteed interest and similar contracts		(1,115)		(1,115)		(1,119)		(1,119)
	Account values of certain investment contracts		(27,190)		(29,888)		(26,130)		(27,142)
Short-term debt (1)			(550)		(564)		(351)		(364)
Long-term debt			(5,348)		(4,898)		(5,399)		(5,512)
Reinsurance related embedded derivatives			(177)		(177)		(102)		(102)
VIEs' liabilities - derivative instruments			(307)		(307)		(209)		(209)
Other liabilities:
	Deferred compensation plans embedded derivatives		(325)		(325)		(363)		(363)
	Credit default swaps		(15)		(15)		(16)		(16)

Fair Value of Assets and Liabilities on a Recurring Basis

						As of September 30, 2011
						Quoted
						Prices
						in Active
					Markets for				Significant			Significant
						Identical		Observable			Unobservable			Total
						Assets			Inputs			Inputs		Fair
						(Level 1)			(Level 2)			(Level 3)		Value
Assets
Investments:
	Fixed maturity AFS securities:
		Corporate bonds				$	63		$	56,700		$	1,500	$	58,263
		U.S. Government bonds					267			18			1		286
		Foreign government bonds					-			537			105		642
		MBS:
			CMOs				-			5,189			19		5,208
			MPTS				-			3,120			120		3,240
			CMBS				-			1,633			37		1,670
		ABS CDOs					-			-			111		111
		State and municipal bonds					-			3,969			-		3,969
		Hybrid and redeemable preferred securities					15			1,095			92		1,202
		VIEs' fixed maturity securities					107			593			-		700
	Equity AFS securities:
		Banking securities					-			1			-		1
		Insurance securities					3			-			24		27
		Other financial services securities					-			7			18		25
		Other securities					34			-			50		84
	Trading securities						2			2,655			69		2,726
	Derivative investments						-			503			2,526		3,029
Cash and invested cash							-			4,833			-		4,833
Separate account assets							-			78,195			-		78,195
				Total assets		$	491		$	159,048		$	4,672	$	164,211
Liabilities
Future contract benefits:
	Indexed annuity contracts embedded derivatives					$	-		$	-		$	(342)	$	(342)
	GLB reserves embedded derivatives						-			-			(2,343)		(2,343)
Long-term debt - interest rate swap agreements							-			(277)			-		(277)
Reinsurance related embedded derivatives							-			(177)			-		(177)
VIEs' liabilities - derivative instruments							-			-			(307)		(307)
Other liabilities:
	Deferred compensation plans embedded derivatives						-			-			(325)		(325)
	Credit default swaps						-			-			(15)		(15)
				Total liabilities		$	-		$	(454)		$	(3,332)	$	(3,786)

						As of December 31, 2010
						Quoted
						Prices
						in Active
					Markets for				Significant			Significant
						Identical		Observable			Unobservable			Total
						Assets			Inputs			Inputs		Fair
						(Level 1)			(Level 2)			(Level 3)		Value
Assets
Investments:
	Fixed maturity AFS securities:
		Corporate bonds				$	60		$	49,864		$	1,816	$	51,740
		U.S. Government bonds					160			3			2		165
		Foreign government bonds					-			395			113		508
		MBS:
			CMOs				-			5,734			23		5,757
			MPTS				-			2,985			96		3,081
			CMBS				-			1,944			109		2,053
		ABS CDOs					-			2			172		174
		State and municipal bonds					-			3,155			-		3,155
		Hybrid and redeemable preferred securities					18			1,260			119		1,397
		VIEs' fixed maturity securities					-			584			-		584
	Equity AFS securities:
		Banking securities					-			58			-		58
		Insurance securities					3			-			34		37
		Other financial services securities					-			8			24		32
		Other securities					34			2			34		70
	Trading securities						2			2,518			76		2,596
	Derivative investments						-			(419)			1,495		1,076
Cash and invested cash							-			2,741			-		2,741
Separate account assets							-			84,630			-		84,630
				Total assets		$	277		$	155,464		$	4,113	$	159,854
Liabilities
Future contract benefits:
	Indexed annuity contracts embedded derivatives					$	-		$	-		$	(497)	$	(497)
	GLB reserves embedded derivatives						-			-			(408)		(408)
Long-term debt - interest rate swap agreements							-			(55)			-		(55)
Reinsurance related embedded derivatives							-			(102)			-		(102)
VIEs' liabilities - derivative instruments							-			-			(209)		(209)
Other liabilities:
	Deferred compensation plans embedded derivatives						-			-			(363)		(363)
	Credit default swaps						-			-			(16)		(16)
				Total liabilities		$	-		$	(157)		$	(1,493)	$	(1,650)

Level 3 Unobservable Input Reconciliation

					For the Three Months Ended September 30, 2011
									Gains		Issuances,			Transfers
							Items		(Losses)			Sales,		In or
							Included		in		Maturities,			Out
					Beginning		in		OCI		Settlements,			of		Ending
					Fair		Net		and			Calls,		Level 3,		Fair
					Value		Income		Other (1)			Net		Net (2)		Value
Investments: (3)
	Fixed maturity AFS securities:
		Corporate bonds			$	1,573	$	(18)	$	(33)		$	(11)	$	(11)	$	1,500
		U.S. Government bonds				2		-		-			(1)		-		1
		Foreign government bonds				96		1		9			(1)		-		105
		MBS:
			CMOs			28		(1)		-			(1)		(7)		19
			MPTS			133		-		2			25		(40)		120
			CMBS			53		(7)		3			(12)		-		37
		ABS CDOs				126		5		(8)			(12)		-		111
		Hybrid and redeemable
			preferred securities			106		-		(12)			(18)		16		92
	Equity AFS securities:
		Insurance securities				30		-		(6)			-		-		24
		Other financial services securities				22		-		(4)			-		-		18
		Other securities				44		-		(4)			10		-		50
	Trading securities					71		1		1			(5)		1		69
	Derivative investments					1,492		684		340			10		-		2,526
Future contract benefits: (4)
	Indexed annuity contracts embedded
		derivatives				(506)		135		-			29		-		(342)
	GLB reserves embedded derivatives					(278)		(2,065)		-			-		-		(2,343)
VIEs' liabilities - derivative
	instruments (5)					(198)		(109)		-			-		-		(307)
Other liabilities:
	Deferred compensation plans embedded
		derivatives (6)				(360)		22		-			13		-		(325)
	Credit default swaps (7)					(7)		(8)		-			-		-		(15)
				Total, net	$	2,427	$	(1,360)	$	288		$	26	$	(41)	$	1,340

					For the Three Months Ended September 30, 2010
									Gains		Issuances,			Transfers
							Items		(Losses)			Sales		In or
							Included		in		Maturities,			Out
					Beginning		in		OCI		Settlements,			of		Ending
					Fair		Net		and			Calls,		Level 3,		Fair
					Value		Income		Other (1)			Net		Net (2)		Value
Investments: (3)
	Fixed maturity AFS securities:
		Corporate bonds			$	1,907	$	(31)	$	81		$	(84)	$	(78)	$	1,795
		U.S. Government bonds				4		-		-			(2)		-		2
		Foreign government bonds				92		-		8			(1)		(1)		98
		MBS:
			CMOs			27		(3)		3			19		-		46
			MPTS			101		-		1			(2)		-		100
			CMBS			119		(4)		13			(4)		(1)		123
		ABS CDOs				156		-		7			(3)		-		160
		State and municipal bonds				20		-		-			-		(20)		-
		Hybrid and redeemable
			preferred securities			97		-		6			-		-		103
	Equity AFS securities:
		Insurance securities				26		-		5			1		-		32
		Other financial services securities				23		3		1			(4)		-		23
		Other securities				34		-		(1)			-		-		33
	Trading securities					77		1		-			(1)		(1)		76
	Derivative investments					2,005		(244)		1			75		-		1,837
Future contract benefits: (4)
	Indexed annuity contracts embedded
		derivatives				(383)		(70)		-			(3)		-		(456)
	GLB reserves embedded derivatives					(1,669)		188		-			-		-		(1,481)
VIEs' liabilities - derivative
	instruments (5)					(297)		51		-			-		-		(246)
Other liabilities:
	Deferred compensation plans embedded
		derivatives (6)				(319)		(14)		-			(5)		-		(338)
	Credit default swaps (7)					(30)		12		-			-		-		(18)
				Total, net	$	1,990	$	(111)	$	125		$	(14)	$	(101)	$	1,889

					For the Nine Months Ended September 30, 2011
									Gains			Issuances,		Transfers
							Items		(Losses)		Sales,			In or
							Included		in		Maturities,			Out
					Beginning		in		OCI		Settlements,			of		Ending
					Fair		Net		and			Calls,		Level 3,		Fair
					Value		Income		Other (1)			Net		Net (2)		Value
Investments: (3)
	Fixed maturity AFS securities:
		Corporate bonds			$	1,816	$	5	$	10		$	(247)	$	(84)	$	1,500
		U.S. Government bonds				2		-		-			(1)		-		1
		Foreign government bonds				113		-		12			(3)		(17)		105
		MBS:
			CMOs			23		(3)		3			(4)		-		19
			MPTS			96		-		4			20		-		120
			CMBS			109		(53)		57			(75)		(1)		37
		ABS CDOs				172		19		(17)			(63)		-		111
		Hybrid and redeemable
			preferred securities			119		-		(5)			(18)		(4)		92
	Equity AFS securities:
		Insurance securities				34		1		(6)			(5)		-		24
		Other financial services securities				24		7		(5)			(8)		-		18
		Other securities				34		-		(2)			16		2		50
	Trading securities					76		-		4			(8)		(3)		69
	Derivative investments					1,495		600		335			96		-		2,526
Future contract benefits: (4)
	Indexed annuity contracts embedded
		derivatives				(497)		80		-			75		-		(342)
	GLB reserves embedded derivatives					(408)		(1,935)		-			-		-		(2,343)
VIEs' liabilities - derivative
	instruments (5)					(209)		(98)		-			-		-		(307)
Other liabilities:
	Deferred compensation plans embedded
		derivatives (6)				(363)		10		-			28		-		(325)
	Credit default swaps (7)					(16)		(5)		-			6		-		(15)
				Total, net	$	2,620	$	(1,372)	$	390		$	(191)	$	(107)	$	1,340

					For the Nine Months Ended September 30, 2010
									Gains			Issuances,		Transfers
							Items		(Losses)		Sales,			In or
							Included		in		Maturities,			Out
					Beginning		in		OCI		Settlements,			of		Ending
					Fair		Net		and			Calls,		Level 3,		Fair
					Value		Income		Other (1)			Net		Net (2)		Value
Investments: (3)
	Fixed maturity AFS securities:
		Corporate bonds			$	2,070	$	(37)	$	86		$	(234)	$	(90)	$	1,795
		U.S. Government bonds				3		-		-			(4)		3		2
		Foreign government bonds				92		-		10			(4)		-		98
		MBS:
			CMOs			35		(5)		4			16		(4)		46
			MPTS			101		-		5			(6)		-		100
			CMBS			259		(6)		36			(48)		(118)		123
		ABS:
			CDOs			153		-		18			(11)		-		160
			CLNs			322		-		278			-		(600)		-
		Hybrid and redeemable
			preferred securities			156		3		(26)			(30)		-		103
	Equity AFS securities:
		Insurance securities				43		-		-			(11)		-		32
		Other financial services securities				22		-		6			(5)		-		23
		Other securities				23		-		(1)			11		-		33
	Trading securities					91		2		(10)			(6)		(1)		76
	Derivative investments					1,368		242		9			218		-		1,837
Future contract benefits: (4)
	Indexed annuity contracts embedded
		derivatives				(419)		(19)		-			(18)		-		(456)
	GLB reserves embedded derivatives					(676)		(805)		-			-		-		(1,481)
	VIEs' liabilities - derivative
		instruments (5)				-		(21)		-			-		(225)		(246)
Other liabilities:
	Deferred compensation plans embedded
		derivatives (6)				(332)		(14)		-			8		-		(338)
	Credit default swaps (7)					(65)		4		-			43		-		(18)
				Total, net	$	3,246	$	(656)	$	415		$	(81)	$	(1,035)	$	1,889

					For the Three Months Ended September 30, 2011
					Issuances		Sales		Maturities		Settlements			Calls		Total
Investments:
	Fixed maturity AFS securities:
		Corporate bonds			$	22	$	(14)	$	(10)		$	(9)	$	-	$	(11)
		U.S. Government bonds				-		-		-			(1)		-		(1)
		Foreign government bonds				-		-		-			-		(1)		(1)
		MBS:
			CMOs			-		-		-			(1)		-		(1)
			MPTS			28		(1)		-			(2)		-		25
			CMBS			-		-		-			(12)		-		(12)
		ABS CDOs				-		-		-			(12)		-		(12)
		Hybrid and redeemable
			preferred securities			-		(18)		-			-		-		(18)
	Equity AFS securities:
		Other securities				10		-		-			-		-		10
	Trading securities					-		(2)		-			(3)		-		(5)
	Derivative investments					87		6		(83)			-		-		10
Future contract benefits:
	Indexed annuity contracts embedded
		derivatives				(11)		-		-			40		-		29
Other liabilities:
	Deferred compensation plans embedded
		derivatives				-		-		-			13		-		13
				Total, net	$	136	$	(29)	$	(93)		$	13	$	(1)	$	26

					For the Nine Months Ended September 30, 2011
					Issuances		Sales		Maturities		Settlements			Calls		Total
Investments:
	Fixed maturity AFS securities:
		Corporate bonds			$	45	$	(146)	$	(11)		$	(46)	$	(89)	$	(247)
		U.S. Government bonds				-		-		-			(1)		-		(1)
		Foreign government bonds				-		(2)		-			-		(1)		(3)
		MBS:
			CMOs			-		-		-			(4)		-		(4)
			MPTS			28		(1)		-			(7)		-		20
			CMBS			-		(53)		-			(22)		-		(75)
		ABS CDOs				-		(34)		-			(29)		-		(63)
		Hybrid and redeemable
			preferred securities			-		(18)		-			-		-		(18)
	Equity AFS securities:
		Insurance securities				2		(7)		-			-		-		(5)
		Other financial services securities				-		(8)		-			-		-		(8)
		Other securities				16		-		-			-		-		16
	Trading securities					-		(3)		-			(5)		-		(8)
	Derivative investments					362		(27)		(239)			-		-		96
Future contract benefits:
	Indexed annuity contracts embedded
		derivatives				(49)		-		-			124		-		75
Other liabilities:
	Deferred compensation plans embedded
		derivatives				-		-		-			28		-		28
	Credit default swaps					-		6		-			-		-		6
				Total, net	$	404	$	(293)	$	(250)		$	38	$	(90)	$	(191)

					For the Three Months						For the Three Months
					Ended September 30, 2011						Ended September 30, 2010
					Transfers		Transfers				Transfers		Transfers
					In to		Out of				In to		Out of
					Level 3		Level 3		Total		Level 3		Level 3		Total
Investments:
	Fixed maturity AFS securities:
		Corporate bonds			$	4	$	(15)	$	(11)	$	6	$	(84)	$	(78)
		Foreign government bonds				-		-		-		-		(1)		(1)
		MBS:
			CMOs			-		(7)		(7)		-		-		-
			MPTS			-		(40)		(40)		-		-		-
			CMBS			-		-		-		-		(1)		(1)
		State and municipal bonds				-		-		-		-		(20)		(20)
		Hybrid and redeemable preferred
			securities			16		-		16		-		-		-
	Trading securities					1		-		1		-		(1)		(1)
				Total, net	$	21	$	(62)	$	(41)	$	6	$	(107)	$	(101)

					For the Nine Months						For the Nine Months
					Ended September 30, 2011						Ended September 30, 2010
					Transfers		Transfers				Transfers		Transfers
					In to		Out of				In to		Out of
					Level 3		Level 3		Total		Level 3		Level 3		Total
Investments:
	Fixed maturity AFS securities:
		Corporate bonds			$	33	$	(117)	$	(84)	$	117	$	(207)	$	(90)
		U.S. Government bonds				-		-		-		3		-		3
		Foreign government bonds				-		(17)		(17)		-		-		-
		MBS:
			CMOs			-		-		-		-		(4)		(4)
			CMBS			-		(1)		(1)		3		(121)		(118)
		ABS CLNs				-		-		-		-		(600)		(600)
		Hybrid and redeemable preferred
			securities			18		(22)		(4)		-		-		-
	Equity AFS securities:
		Other securities				2		-		2		-		-		-
	Trading securities					1		(4)		(3)		-		(1)		(1)
	VIEs' liabilities - derivative instruments					-		-		-		(225)		-		(225)
				Total, net	$	54	$	(161)	$	(107)	$	(102)	$	(933)	$	(1,035)

Changes in unrealized gains (losses) within Level 3 financial instruments carried at fair value and still held

			For the Three				For the Nine
			Months Ended				Months Ended
			September 30,				September 30,
			2011		2010		2011		2010
Investments: (1)
	Derivative investments		$	696	$	(267)	$	574	$	222
Future contract benefits: (1)
	Indexed annuity contracts embedded derivatives			(4)		105		-		35
	GLB reserves embedded derivatives			(2,011)		221		(1,781)		(688)
VIEs' liabilities - derivative instruments (1)				(108)		51		(98)		(21)
Other liabilities:
	Deferred compensation plans embedded derivatives (2)			22		(14)		10		(14)
	Credit default swaps (3)			(8)		11		(7)		(15)
		Total, net	$	(1,413)	$	107	$	(1,302)	$	(481)