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Shares and Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2014
Shares and Stockholders' Equity [Abstract]  
Changes In Preferred And Common stock (Number Of Shares)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

2014

 

2013

 

2012

 

Series A Preferred Stock

 

 

 

 

 

 

Balance as of beginning-of-year

 -

 
9,532

 
10,072

 

Conversion of convertible preferred stock (1)

 -

 
(5,818

)
(540

)

Redemption of convertible preferred stock

 -

 
(3,714

)

 -

 

Balance as of end-of-year

 -

 

 -

 
9,532

 

 

 

 

 

 

 

 

Common Stock

 

 

 

 

 

 

Balance as of beginning-of-year
262,896,701

 
271,402,586

 
291,319,222

 

Conversion of convertible preferred stock (1)

 -

 
93,088

 
8,640

 

Stock issued for exercise of warrants
4,356,385

 
1,981,856

 

 -

 

Stock compensation/issued for benefit plans
1,770,430

 
1,399,995

 
542,125

 

Retirement/cancellation of shares
(12,472,076

)
(11,980,824

)
(20,467,401

)

Balance as of end-of-year
256,551,440

 
262,896,701

 
271,402,586

 

 

 

 

 

 

 

 

Common Stock as of End-of-Year

 

 

 

 

 

 

Assuming conversion of preferred stock
256,551,440

 
262,896,701

 
271,555,098

 

Diluted basis
261,538,593

 
272,196,891

 
279,087,588

 

 

(1)    Represents the conversion of Series A preferred stock into common stock.

Reconciliation Of The Denominator Calculations Of Basic And Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

2014

 

2013

 

2012

 

Weighted-average shares, as used in basic calculation
260,877,533

 
265,631,377

 
280,648,391

 

Shares to cover exercise of outstanding warrants
4,342,860

 
9,884,307

 
10,150,212

 

Shares to cover conversion of preferred stock

 -

 
74,582

 
153,749

 

Shares to cover non-vested stock
1,522,737

 
1,491,483

 
1,153,178

 

Average stock options outstanding during the year
3,828,292

 
2,873,295

 
570,180

 

Assumed acquisition of shares with assumed proceeds

 

 

 

 

 

 

from exercising outstanding warrants
(894,175

)
(2,630,939

)
(4,685,901

)

Assumed acquisition of shares with assumed

 

 

 

 

 

 

proceeds and benefits from exercising stock

 

 

 

 

 

 

options (at average market price for the year)
(2,679,571

)
(2,036,098

)
(394,241

)

Shares repurchaseable from measured but

 

 

 

 

 

 

unrecognized stock option expense
(75,268

)
(139,131

)
(4,723

)

Average deferred compensation shares
1,041,587

 

 -

 

 -

 

Weighted-average shares, as used in diluted calculation
267,963,995

 
275,148,876

 
287,590,845

 

 

Components And Changes In Accumulated OCI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

2014

 

2013

 

2012

 

Unrealized Gain (Loss) on AFS Securities

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$
1,609

 

$
4,066

 

$
2,947

 

Unrealized holding gains (losses) arising during the year

 
3,877

 

 
(5,728

)

 
2,691

 

Change in foreign currency exchange rate adjustment

 
(47

)

 
19

 

 
14

 

Change in DAC, VOBA, DSI, future contract benefits and other contract holder funds

 
(1,252

)

 
1,834

 

 
(1,233

)

Income tax benefit (expense)

 
(904

)

 
1,356

 

 
(480

)

Less:

 

 

 

 

 

 

 

 

 

Reclassification adjustment for gains (losses) included in net income (loss)

 
10

 

 
(67

)

 
(194

)

Associated amortization of DAC, VOBA, DSI and DFEL

 
(32

)

 
(29

)

 
(2

)

Income tax benefit (expense)

 
8

 

 
34

 

 
69

 

Balance as of end-of-year

$
3,297

 

$
1,609

 

$
4,066

 

Unrealized OTTI on AFS Securities

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$
(78

)

$
(107

)

$
(109

)

(Increases) attributable to:

 

 

 

 

 

 

 

 

 

Gross OTTI recognized in OCI during the year

 
(12

)

 
(11

)

 
(121

)

Change in DAC, VOBA, DSI and DFEL

 
2

 

 
1

 

 
15

 

Income tax benefit (expense)

 
4

 

 
4

 

 
36

 

Decreases attributable to:

 

 

 

 

 

 

 

 

 

Sales, maturities or other settlements of AFS securities

 
43

 

 
62

 

 
129

 

Change in DAC, VOBA, DSI and DFEL

 
(5

)

 
(8

)

 
(18

)

Income tax benefit (expense)

 
(12

)

 
(19

)

 
(39

)

Balance as of end-of-year

$
(58

)

$
(78

)

$
(107

)

Unrealized Gain (Loss) on Derivative Instruments

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$
256

 

$
163

 

$
119

 

Unrealized holding gains (losses) arising during the year

 
(250

)

 
143

 

 
55

 

Change in foreign currency exchange rate adjustment

 
50

 

 
(19

)

 
(12

)

Change in DAC, VOBA, DSI and DFEL

 
2

 

 
5

 

 
15

 

Income tax benefit (expense)

 
69

 

 
(45

)

 
(21

)

Less:

 

 

 

 

 

 

 

 

 

Reclassification adjustment for gains (losses) included in net income (loss)

 
(19

)

 
(15

)

 
(15

)

Associated amortization of DAC, VOBA, DSI and DFEL

 
1

 

 
1

 

 
4

 

Income tax benefit (expense)

 
6

 

 
5

 

 
4

 

Balance as of end-of-year

$
139

 

$
256

 

$
163

 

Foreign Currency Translation Adjustment

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$
(5

)

$
(4

)

$
1

 

Foreign currency translation adjustment arising during the year

 
2

 

 
(1

)

 
(5

)

Balance as of end-of-year

$
(3

)

$
(5

)

$
(4

)

Funded Status of Employee Benefit Plans

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$
(219

)

$
(310

)

$
(278

)

Adjustment arising during the year

 
(96

)

 
140

 

 
2

 

Income tax benefit (expense)

 
36

 

 
(49

)

 
(34

)

Balance as of end-of-year

$
(279

)

$
(219

)

$
(310

)

 

Schedule of Reclassifications Out Of AOCI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended

 

 

 

December 31,

 

 

 

2014

 

 

2013

 

 

Unrealized Gain (Loss) on AFS Securities

 

 

 

 

 

 

 

 

Gross reclassification

$
10

 

 

$
(67

)

Total realized gain (loss)

Associated amortization of DAC, 

 

 

 

 

 

 

 

 

VOBA, DSI and DFEL

 
(32

)

 

 
(29

)

Total realized gain (loss)

Reclassification before income

 

 

 

 

 

 

 

 

tax benefit (expense)

 
(22

)

 

 
(96

)

Income (loss) from continuing operations before taxes

Income tax benefit (expense)

 
8

 

 

 
34

 

Federal income tax expense (benefit)

Reclassification, net of income tax

$
(14

)

 

$
(62

)

Net income (loss)

 

 

 

 

 

 

 

 

 

Unrealized OTTI on AFS Securities

 

 

 

 

 

 

 

 

Gross reclassification

$
43

 

 

$
62

 

Total realized gain (loss)

Change in DAC, VOBA, DSI and DFEL

 
(5

)

 

 
(8

)

Total realized gain (loss)

Reclassification before income

 

 

 

 

 

 

 

 

tax benefit (expense)

 
38

 

 

 
54

 

Income (loss) from continuing operations before taxes

Income tax benefit (expense)

 
(12

)

 

 
(19

)

Federal income tax expense (benefit)

Reclassification, net of income tax

$
26

 

 

$
35

 

Net income (loss)

 

 

 

 

 

 

 

 

 

Unrealized Gain (Loss) on Derivative Instruments

 

 

 

 

 

 

Gross reclassifications:

 

 

 

 

 

 

 

 

Interest rate contracts

$
(22

)

 

$
(21

)

Net investment income

Interest rate contracts

 
3

 

 

 
3

 

Interest and debt expense

Foreign currency contracts

 

 -

 

 

 
3

 

Net investment income

Total gross reclassifications

 
(19

)

 

 
(15

)

 

Associated amortization of DAC,

 

 

 

 

 

 

 

 

VOBA, DSI and DFEL

 
1

 

 

 
1

 

Commissions and other expenses

Reclassifications before income

 

 

 

 

 

 

 

 

tax benefit (expense)

 
(18

)

 

 
(14

)

Income (loss) from continuing operations before taxes

Income tax benefit (expense)

 
6

 

 

 
5

 

Federal income tax expense (benefit)

Reclassification, net of income tax

$
(12

)

 

$
(9

)

Net income (loss)