Fair Value (Tables)

9 Months Ended

Sep. 30, 2011

Fair Value [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

September 30, 2011	Level 1			Level 2			Level 3			Total
(In millions)
Fixed maturity securities:
Corporate and other bonds				$	20,280		$	619		$	20,899
States, municipalities and political subdivisions					9,355			182			9,537
Asset-backed:
Residential mortgage-backed					5,219			631			5,850
Commercial mortgage-backed					1,090			159			1,249
Other asset-backed					607			429			1,036
Total asset-backed	$	—			6,916			1,219			8,135
U.S. Treasury and obligations of government- sponsored enterprises		176			61						237
Foreign government		92			490						582
Redeemable preferred stock		3			54						57
Fixed maturities available-for-sale		271			37,156			2,020			39,447
Fixed maturities, trading					122			111			233
Total fixed maturities	$	271		$	37,278		$	2,131		$	39,680
Equity securities available-for-sale	$	179		$	116		$	32		$	327
Equity securities, trading		585						12			597
Total equity securities	$	764		$	116		$	44		$	924
Short term investments	$	5,276		$	566		$	6		$	5,848
Other invested assets					6			10			16
Receivables					56			4			60
Life settlement contracts								125			125
Separate account business		23			360			35			418
Payable to brokers		(179	)		(53	)		(32	)		(264	)

December 31, 2010	Level 1			Level 2			Level 3			Total
(In millions)
Fixed maturity securities:
Corporate and other bonds				$	20,412		$	624		$	21,036
States, municipalities and political subdivisions					7,623			266			7,889
Asset-backed:
Residential mortgage-backed					5,324			767			6,091
Commercial mortgage-backed					920			73			993
Other asset-backed					404			359			763
Total asset-backed	$	—			6,648			1,199			7,847
U.S. Treasury securities and obligations of government-sponsored enterprises		76			61						137
Foreign government		115			505						620
Redeemable preferred stock		3			48			3			54
Fixed maturities available-for-sale		194			35,297			2,092			37,583
Fixed maturities, trading					47			184			231
Total fixed maturities	$	194		$	35,344		$	2,276		$	37,814
Equity securities available-for-sale	$	288		$	126		$	26		$	440
Equity securities, trading		640						6			646
Total equity securities	$	928		$	126		$	32		$	1,086
Short term investments	$	6,079		$	974		$	27		$	7,080
Other invested assets								26			26
Receivables					74			2			76
Life settlement contracts								129			129
Separate account business		28			381			41			450
Payable to brokers		(328	)		(79	)		(23	)		(430	)
Discontinued operations investments, included in Other liabilities		11			60						71

Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs

				Net Realized Gains (Losses) and Net Change in Unrealized Gains (Losses)														Transfers into Level 3		Transfers out of Level 3						Unrealized Gains (Losses) Recognized in Net Income on Level 3 Assets and  Liabilities Held at September 30
2011	Balance, July 1			Included in Net Income			Included in OCI			Purchases		Sales			Settlements								Balance, September 30
(In millions)
Fixed maturity securities:
Corporate and other bonds	$	812		$	(7	)	$	(3	)	$	113	$	(107	)	$	(47	)	$	12	$	(154	)	$	619		$	(10	)
States, municipalities and political subdivisions		179									3													182
Asset-backed:
Residential mortgage-backed		687			1			(5	)		73		(81	)		(13	)				(31	)		631
Commercial mortgage- backed		95						(7	)		76										(5	)		159
Other asset-backed		491			(5	)		(6	)		114		(105	)		(25	)		2		(37	)		429			(4	)
Total asset-backed		1,273			(4	)		(18	)		263		(186	)		(38	)		2		(73	)		1,219			(4	)
Fixed maturities available-for-sale		2,264			(11	)		(21	)		379		(293	)		(85	)		14		(227	)		2,020			(14	)
Fixed maturities, trading		114			(3	)																		111			(3	)
Total fixed maturities	$	2,378		$	(14	)	$	(21	)	$	379	$	(293	)	$	(85	)	$	14	$	(227	)	$	2,131		$	(17	)
Equity securities available-for-sale	$	36										$	(1	)						$	(3	)	$	32
Equity securities trading		16		$	(4	)																		12		$	(4	)
Total equity securities	$	52		$	(4	)	$	—		$	—	$	(1	)	$	—		$	—	$	(3	)	$	44		$	(4	)
Short term investments	$	6																					$	6
Other invested assets		10																						10
Life settlement contracts		129		$	11										$	(15	)							125		$	(1	)
Separate account business		37										$	(2	)										35
Derivative financial instruments, net		(37	)		(13	)	$	11								11								(28	)		(1	)

			Net Realized Gains (Losses) and Net Change in Unrealized Gains (Losses)						Purchases, Sales, Issuances and Settlements			Transfers into Level 3		Transfers out of Level 3						Unrealized Gains (Losses) Recognized in Net Income on Level 3 Assets and Liabilities Held at September 30
2010	Balance, July 1		Included in Net Income			Included in OCI											Balance, September 30
(In millions)
Fixed maturity securities:
Corporate and other bonds	$	718	$	1		$	18		$	(83	)			$	(54	)	$	600		$	(1	)
States, municipalities and political subdivisions		539					3			(84	)							458
Asset-backed:
Residential mortgage-backed		659		1			(9	)		(5	)							646
Commercial mortgage-backed		95					3								(20	)		78
Other asset-backed		306		(1	)		7			(66	)							246
Total asset-backed		1,060		—			1			(71	)	$	—		(20	)		970			—
Redeemable preferred stock		1																1
Fixed maturities available-for-sale		2,318		1			22			(238	)				(74	)		2,029			(1	)
Fixed maturities, trading		191		(2	)					(1	)							188			(2	)
Total fixed maturities	$	2,509	$	(1	)	$	22		$	(239	)	$	—	$	(74	)	$	2,217		$	(3	)
Equity securities available-for-sale	$	4	$	(3	)				$	15		$	6				$	22		$	(4	)
Short term investments		21								(8	)			$	(11	)		2
Other invested assets		—		2						26								28			2
Life settlement contracts		134		8						(6	)							136			4
Separate account business		37								4								41
Derivative financial instruments, net		4		(3	)	$	(15	)		1								(13	)

				Net Realized Gains (Losses) and Net Change in Unrealized Gains (Losses)														Transfers into Level 3		Transfers out of Level 3			Balance, September 30			Unrealized Gains (Losses) Recognized in Net Income on Level 3 Assets and Liabilities Held at September 30
2011	Balance, January 1			Included in Net Income			Included in OCI			Purchases		Sales			Settlements
(In millions)
Fixed maturity securities:
Corporate and other bonds	$	624		$	(5	)	$	(6	)	$	459	$	(157	)	$	(144	)	$	52	$	(204	)	$	619		$	(11	)
States, municipalities and political subdivisions		266									3					(87	)							182
Asset-backed:
Residential mortgage-backed		767			(11	)		9			170		(164	)		(54	)				(86	)		631			(15	)
Commercial mortgage- backed		73			3			11			81		(4	)							(5	)		159
Other asset-backed		359						(6	)		441		(236	)		(80	)		2		(51	)		429			(4	)
Total asset-backed		1,199			(8	)		14			692		(404	)		(134	)		2		(142	)		1,219			(19	)
Redeemable preferred stock		3			3			(3	)				(3	)
Fixed maturities available-for-sale		2,092			(10	)		5			1,154		(564	)		(365	)		54		(346	)		2,020			(30	)
Fixed maturities, trading		184			(1	)							(72	)										111			6
Total fixed maturities	$	2,276		$	(11	)	$	5		$	1,154	$	(636	)	$	(365	)	$	54	$	(346	)	$	2,131		$	(24	)
Equity securities available-for-sale	$	26		$	(2	)	$	(1	)	$	19	$	(12	)				$	5	$	(3	)	$	32		$	(3	)
Equity securities trading		6			(9	)					1								14					12			(9	)
Total equity securities	$	32		$	(11	)	$	(1	)	$	20	$	(12	)	$	—		$	19	$	(3	)	$	44		$	(12	)
Short term investments	$	27								$	12				$	(23	)			$	(10	)	$	6
Other invested assets		26		$	3							$	(19	)										10		$	1
Life settlement contracts		129			20											(24	)							125			2
Separate account business		41											(6	)										35
Derivative financial instruments, net		(21	)		(32	)	$	(5	)							30								(28	)		(1	)

				Net Realized Gains (Losses) and Net Change in Unrealized Gains (Losses)					Purchases, Sales, Issuances and Settlements			Transfers into Level 3		Transfers out of Level 3						Unrealized Gains (Losses) Recognized in Net Income on Level 3 Assets and Liabilities Held at September 30
2010	Balance, January 1			Included in Net Income			Included in OCI										Balance, September 30
(In millions)
Fixed maturity securities:
Corporate and other bonds	$	609		$	10		$	56	$	29		$	23	$	(127	)	$	600		$	(2	)
States, municipalities and political subdivisions		756						9		(307	)							458
Asset-backed:
Residential mortgage-backed		629			(7	)		20		50					(46	)		646			(10	)
Commercial mortgage- backed		123			(1	)		1		6			7		(58	)		78			(2	)
Other asset-backed		348			3			29		(89	)				(45	)		246			(1	)
Total asset-backed		1,100			(5	)		50		(33	)		7		(149	)		970			(13	)
Redeemable preferred stock		2			6					(7	)							1
Fixed maturities available-for-sale		2,467			11			115		(318	)		30		(276	)		2,029			(15	)
Fixed maturities, trading		197			6					(15	)							188			5
Total fixed maturities	$	2,664		$	17		$	115	$	(333	)	$	30	$	(276	)	$	2,217		$	(10	)
Equity securities available-for-sale	$	11		$	(4	)			$	14		$	8	$	(7	)	$	22		$	(5	)
Short term investments		—								12			1		(11	)		2
Other invested assets		—			2					26								28			2
Life settlement contracts		130			25					(19	)							136			11
Separate account business		38								3								41
Discontinued operations investments		16					$	1		(2	)				(15	)		—
Derivative financial instruments, net		(48	)		(18	)		27		26								(13	)

Carrying Amount And Estimated Fair Value Of Financial Instrument Assets And Liabilities Which Are Not Measured At Fair Value

	September 30, 2011				December 31, 2010
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
(In millions)
Financial assets:
Other invested assets	$	204	$	214	$	87	$	86
Financial liabilities:
Premium deposits and annuity contracts	$	108	$	110	$	104	$	105
Short term debt		1,206		1,210		647		662
Long term debt		8,026		8,633		8,830		9,243