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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Insurance premiums $ 2,294 $ 2,176 $ 2,064
Insurance fees 3,437 3,234 2,922
Net investment income 4,652 4,541 4,178
Realized gain (loss):      
Total other-than-temporary impairment losses on securities (165) (240) (667)
Portion of loss recognized in other comprehensive income 47 88 275
Net other-than-temporary impairment losses on securities recognized in earnings (118) (152) (392)
Realized gain (loss), excluding other-than-temporary impairment losses on securities (181) 75 (754)
Total realized gain (loss) (299) (77) (1,146)
Amortization of deferred gain on business sold through reinsurance 75 75 76
Other revenues and fees 477 458 405
Total revenues 10,636 10,407 8,499
Benefits and Expenses      
Interest credited 2,488 2,488 2,465
Benefits 3,345 3,327 2,834
Underwriting, acquisition, insurance and other expenses 3,163 3,067 2,794
Interest and debt expense 294 291 197
Impairment of intangibles 747 0 730
Total expenses 10,037 9,173 9,020
Income (loss) before federal income taxes, equity in income (loss) of subsidiaries, less dividends 599 1,234 (521)
Federal income tax expense (benefit) 297 283 (106)
Income (loss) from continuing operations 302 951 (415)
Income (loss) from discontinued operations, net of federal income taxes (8) 29 (70)
Net income (loss) 294 980 (485)
Preferred stock dividends and accretion of discount 0 (167) (35)
Net income (loss) available to common stockholders $ 294 $ 813 $ (520)
Earnings (Loss) Per Common Share - Basic      
Income (loss) from continuing operations (in dollars per share) $ 0.99 $ 2.53 $ (1.60)
Income (loss) from discontinued operations (in dollars per share) $ (0.03) $ 0.09 $ (0.25)
Net income (loss) (in dollars per share) $ 0.96 $ 2.62 $ (1.85)
Earnings (Loss) Per Common Share - Diluted      
Income (loss) from continuing operations (in dollars per share) $ 0.95 $ 2.45 $ (1.60)
Income (loss) from discontinued operations (in dollars per share) $ (0.03) $ 0.09 $ (0.25)
Net income (loss) (in dollars per share) $ 0.92 $ 2.54 $ (1.85)