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Investments (Tables)

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements [Abstract]

				As of March 31, 2012
				Amortized		Gross Unrealized						Fair
				Cost		Gains		Losses		OTTI		Value
Fixed maturity securities:
	Corporate bonds			$	55,255	$	5,854	$	407	$	103	$	60,599
	U.S. Government bonds				450		41		5		-		486
	Foreign government bonds				585		65		-		-		650
	Residential mortgage-backed securities ("RMBS")				7,196		524		48		100		7,572
	Commercial mortgage-backed securities ("CMBS")				1,533		76		67		19		1,523
	Collateralized debt obligations ("CDOs")				117		-		15		-		102
	State and municipal bonds				3,497		637		8		-		4,126
	Hybrid and redeemable preferred securities				1,256		62		122		-		1,196
	VIEs' fixed maturity securities				674		28		-		-		702
		Total fixed maturity securities			70,563		7,287		672		222		76,956
Equity securities					114		19		7		-		126
			Total AFS securities	$	70,677	$	7,306	$	679	$	222	$	77,082

				As of December 31, 2011
				Amortized		Gross Unrealized						Fair
				Cost		Gains		Losses		OTTI		Value
Fixed maturity securities:
	Corporate bonds			$	53,661	$	6,185	$	517	$	68	$	59,261
	U.S. Government bonds				439		55		-		-		494
	Foreign government bonds				668		65		-		-		733
	RMBS				7,690		548		73		126		8,039
	CMBS				1,642		73		106		9		1,600
	CDOs				121		-		19		-		102
	State and municipal bonds				3,490		566		9		-		4,047
	Hybrid and redeemable preferred securities				1,277		50		170		-		1,157
	VIEs' fixed maturity securities				673		27		-		-		700
		Total fixed maturity securities			69,661		7,569		894		203		76,133
Equity securities					135		16		12		-		139
			Total AFS securities	$	69,796	$	7,585	$	906	$	203	$	76,272

			As of March 31, 2012
			Amortized		Fair
			Cost		Value
Due in one year or less			$	2,854	$	2,914
Due after one year through five years				12,020		12,955
Due after five years through ten years				22,816		25,040
Due after ten years				24,027		26,850
	Subtotal			61,717		67,759
Mortgage-backed securities ("MBS")				8,729		9,095
CDOs				117		102
		Total fixed maturity AFS securities	$	70,563	$	76,956

					As of March 31, 2012
					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				$	3,186	$	194	$	1,335	$	316	$	4,521	$	510
	U.S. Government bonds					213		5		1		-		214		5
	RMBS					572		99		351		49		923		148
	CMBS					119		22		130		64		249		86
	CDOs					3		1		75		14		78		15
	State and municipal bonds					2		-		26		8		28		8
	Hybrid and redeemable
		preferred securities				159		6		370		116		529		122
			Total fixed maturity securities			4,254		327		2,288		567		6,542		894
Equity securities						12		7		-		-		12		7
				Total AFS securities	$	4,266	$	334	$	2,288	$	567	$	6,554	$	901

Total number of AFS securities in an unrealized loss position																828

					As of December 31, 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				$	2,848	$	162	$	1,452	$	423	$	4,300	$	585
	RMBS					565		125		429		74		994		199
	CMBS					178		15		146		100		324		115
	CDOs					9		1		80		18		89		19
	State and municipal bonds					31		-		30		9		61		9
	Hybrid and redeemable
		preferred securities				324		23		353		147		677		170
			Total fixed maturity securities			3,955		326		2,490		771		6,445		1,097
Equity securities						38		12		-		-		38		12
				Total AFS securities	$	3,993	$	338	$	2,490	$	771	$	6,483	$	1,109

Total number of AFS securities in an unrealized loss position																897

		As of March 31, 2012
		Amortized		Fair		Unrealized
		Cost		Value		Loss
Total
AFS securities backed by pools of residential mortgages		$	1,875	$	1,480	$	395
AFS securities backed by pools of commercial mortgages			367		270		97
	Total	$	2,242	$	1,750	$	492

Subject to Detailed Analysis
AFS securities backed by pools of residential mortgages		$	1,862	$	1,467	$	395
AFS securities backed by pools of commercial mortgages			109		59		50
	Total	$	1,971	$	1,526	$	445

		As of December 31, 2011
		Amortized		Fair		Unrealized
		Cost		Value		Loss
Total
AFS securities backed by pools of residential mortgages		$	2,023	$	1,553	$	470
AFS securities backed by pools of commercial mortgages			472		344		128
	Total	$	2,495	$	1,897	$	598

Subject to Detailed Analysis
AFS securities backed by pools of residential mortgages		$	2,015	$	1,545	$	470
AFS securities backed by pools of commercial mortgages			126		61		65
	Total	$	2,141	$	1,606	$	535

		As of March 31, 2012
								Number
		Fair		Gross Unrealized				of
		Value		Losses		OTTI		Securities⁽¹⁾
Less than six months		$	81	$	32	$	3		23
Six months or greater, but less than nine months			111		42		14		19
Nine months or greater, but less than twelve months			50		17		14		16
Twelve months or greater			579		343		151		166
	Total	$	821	$	434	$	182		224

		As of December 31, 2011
								Number
		Fair		Gross Unrealized				of
		Value		Losses		OTTI		Securities⁽¹⁾
Less than six months		$	385	$	125	$	31		56
Six months or greater, but less than nine months			53		30		12		18
Nine months or greater, but less than twelve months			2		-		1		7
Twelve months or greater			615		470		111		175
	Total	$	1,055	$	625	$	155		256

				For the Three
				Months Ended
				March 31,
				2012		2011
Balance as of beginning-of-period				$	390	$	319
	Increases attributable to:
		Credit losses on securities for which an OTTI was not previously recognized			34		25
		Credit losses on securities for which an OTTI was previously recognized			23		22
	Decreases attributable to:
		Securities sold			(37)		(14)
			Balance as of end-of-period	$	410	$	352

		As of March 31, 2012
				Gross Unrealized						OTTI in
		Amortized				Losses and		Fair		Credit
		Cost		Gains		OTTI		Value		Losses
Corporate bonds		$	242	$	1	$	100	$	143	$	63
RMBS			688		4		100		592		290
CMBS			39		-		19		20		57
	Total	$	969	$	5	$	219	$	755	$	410

		As of December 31, 2011
				Gross Unrealized						OTTI in
		Amortized				Losses and		Fair		Credit
		Cost		Gains		OTTI		Value		Losses
Corporate bonds		$	169	$	1	$	67	$	103	$	51
RMBS			690		1		128		563		301
CMBS			17		-		10		7		38
	Total	$	876	$	2	$	205	$	673	$	390

Schedule of impaired mortgage loans

			As of			As of
		March 31,			December 31,
			2012			2011
Current			$	6,853		$	6,858
60 to 90 days past due				-			26
Greater than 90 days past due				99			76
Valuation allowance associated with impaired mortgage loans on real estate				(27)			(31)
Unamortized premium (discount)				13			13
	Total carrying value		$	6,938		$	6,942

			As of			As of
		March 31,			December 31,
			2012			2011
Number of impaired mortgage loans on real estate			10			12

Principal balance of impaired mortgage loans on real estate			$	85		$	100
Valuation allowance associated with impaired mortgage loans on real estate				(27)			(31)
	Carrying value of impaired mortgage loans on real estate		$	58		$	69

	For the Three
	Months Ended
	March 31,
	2012		2011
Average carrying value for impaired mortgage loans on real estate	$	64	$	55
Interest income recognized on impaired mortgage loans on real estate		-		1
Interest income collected on impaired mortgage loans on real estate		-		1

Credit quality indicators for mortgage loans

		As of March 31, 2012					As of December 31, 2011
						Debt-					Debt-
						Service					Service
		Principal		% of		Coverage	Principal		% of		Coverage
Loan-to-Value		Amount		Total		Ratio	Amount		Total		Ratio
Less than 65%		$	5,419	77.9	%	1.62	$	5,338	76.7	%	1.61
65% to 74%			1,121	16.1	%	1.39		1,198	17.2	%	1.37
75% to 100%			311	4.5	%	0.90		308	4.4	%	0.92
Greater than 100%			101	1.5	%	0.37		116	1.7	%	0.36
	Total mortgage loans on real estate	$	6,952	100.0	%		$	6,960	100.0	%

Realized gain (loss) related to certain investments

			For the Three
			Months Ended
			March 31,
			2012		2011
Fixed maturity AFS securities:
	Gross gains		$	5	$	36
	Gross losses			(63)		(63)
Equity AFS securities:
	Gross gains			1		8
Gain (loss) on other investments				7		13
Associated amortization of DAC, VOBA, DSI and DFEL
	and changes in other contract holder funds			2		(9)
		Total realized gain (loss) related to certain investments	$	(48)	$	(15)

OTTI Recognized in Net Income (Loss) and OCI

			For the Three
			Months Ended
			March 31,
			2012		2011
OTTI Recognized in Net Income (Loss)
Corporate bonds			$	(19)	$	(3)
RMBS				(18)		(20)
CMBS				(20)		(24)
CDOs				-		(1)
Hybrid and redeemable preferred securities				-		(2)
	Gross OTTI recognized in net income (loss)			(57)		(50)
	Associated amortization of DAC, VOBA, DSI and DFEL			10		9
		Net OTTI recognized in net income (loss), pre-tax	$	(47)	$	(41)

Portion of OTTI Recognized in OCI
Gross OTTI recognized in OCI			$	58	$	8
Change in DAC, VOBA, DSI and DFEL				(8)		(5)
	Net portion of OTTI recognized in OCI, pre-tax		$	50	$	3

Payables for collateral on investments

			As of March 31, 2012				As of December 31, 2011
			Carrying		Fair		Carrying		Fair
			Value		Value		Value		Value
Collateral payable held for derivative investments⁽¹⁾			$	2,132	$	2,132	$	2,980	$	2,980
Securities pledged under securities lending agreements⁽²⁾				200		192		200		193
Securities pledged under reverse repurchase agreements⁽³⁾				280		292		280		294
Securities pledged for Term Asset-Backed Securities
	Loan Facility ("TALF")⁽⁴⁾			163		188		173		199
Securities pledged for Federal Home Loan Bank of
	Indianapolis Securities ("FHLBI")⁽⁵⁾			100		153		100		142
		Total payables for collateral on investments	$	2,875	$	2,957	$	3,733	$	3,808

		For the Three
		Months Ended
		March 31,
		2012		2011
Collateral payable held for derivative investments		$	(848)	$	(70)
Securities pledged under securities lending agreements			-		1
Securities pledged for TALF			(10)		(36)
	Total increase (decrease) in payables for collateral on investments	$	(858)	$	(105)

- Definition

This item represents the entire disclosure related to Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale.

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