Derivative Financial Instruments (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2012

Jun. 30, 2012

Derivative Financial Instruments Tables [Abstract]

Not designated as accounting hedges; GMIB written and purchased options

Fair Value Effect on the Financial Statements (In millions)
	Other Assets, including other intangibles				Accounts Payable, Accrued Expenses and Other Liabilities				GMIB Fair Value (Gain) Loss
	As of June 30,		As of December 31,		As of June 30,		As of December 31,		For the three months ended June 30,				For the six months ended June 30,
Instrument	2012		2011		2012		2011		2012		2011		2012		2011
Written options (GMIB liability)	$		$		$	1,332	$	1,333	$	186	$	85	$	33	$	48
Purchased options (GMIB asset)		707		712						(99)		(48)		(13)		(27)
Total	$	707	$	712	$	1,332	$	1,333	$	87	$	37	$	20	$	21

Fair Value Effect on the Financial Statements (In millions)
	Other Assets, including other intangibles				Accounts Payable, Accrued Expenses and Other Liabilities				GMIB Fair Value (Gain) Loss
	As of June 30,		As of December 31,		As of June 30,		As of December 31,		For the three months ended June 30,				For the six months ended June 30,
Instrument	2012		2011		2012		2011		2012		2011		2012		2011
Written options (GMIB liability)	$		$		$	1,332	$	1,333	$	186	$	85	$	33	$	48
Purchased options (GMIB asset)		707		712						(99)		(48)		(13)		(27)
Total	$	707	$	712	$	1,332	$	1,333	$	87	$	37	$	20	$	21

Not designated as accounting hedges; futures and swaps, notional

	Notional Amount (In millions)
	As of June 30,		As of December 31,
Instrument	2012		2011
Equity and currency futures - equity hedge	$	934	$	994
Interest rate swaps - growth interest rate hedge		240		240
U.S. Treasury futures - growth interest rate hedge		54		29
Eurodollar futures - growth interest rate hedge		633		598
Total	$	1,861	$	1,861

	Notional Amount (In millions)
	As of June 30,		As of December 31,
Instrument	2012		2011
Equity and currency futures - equity hedge	$	934	$	994
Interest rate swaps - growth interest rate hedge		240		240
U.S. Treasury futures - growth interest rate hedge		54		29
Eurodollar futures - growth interest rate hedge		633		598
Total	$	1,861	$	1,861

Not designated as accounting hedges; futures

Fair Value Effect on the Financial Statements (In millions)
	Other Revenues
	For the three months ended June 30,				For the six months ended June 30,
	2012		2011		2012		2011
Equity and currency futures for GMDB exposures	$	20	$	(5)	$	(64)	$	(49)
Equity and currency futures for GMIB exposures		2		-		(6)		-
Total equity and currency futures (1)	$	22	$	(5)	$	(70)	$	(49)

Fair Value Effect on the Financial Statements (In millions)
	Other Revenues
	For the three months ended June 30,				For the six months ended June 30,
	2012		2011		2012		2011
Equity and currency futures for GMDB exposures	$	20	$	(5)	$	(64)	$	(49)
Equity and currency futures for GMIB exposures		2		-		(6)		-
Total equity and currency futures (1)	$	22	$	(5)	$	(70)	$	(49)

Not designated as accounting hedges; interest rate swaps and futures

	Other Assets, including other intangibles				Other Revenues
	As of		As of		For the three months ended				For the six months ended
	June 30, 2012		December 31, 2011		June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
Interest rate swaps	$	37	$	33	$	11	$	8	$	7	$	12
Interest rate futures (1)		-		-		(2)		(1)		(1)		-
Total interest rate swaps and futures	$	37	$	33	$	9	$	7	$	6	$	12
Interest rate derivatives for GMDB exposures					$	8	$	6	$	5	$	10
Interest rate derivatives for GMIB exposures						1		1		1		2
Total interest rate swaps and futures					$	9	$	7	$	6	$	12
(1) Balance sheet presentation of amounts receivable or payable relating to futures daily variation margin are not fair values and are excluded from this table.

	Other Assets, including other intangibles				Other Revenues
	As of		As of		For the three months ended				For the six months ended
	June 30, 2012		December 31, 2011		June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
Interest rate swaps	$	37	$	33	$	11	$	8	$	7	$	12
Interest rate futures (1)		-		-		(2)		(1)		(1)		-
Total interest rate swaps and futures	$	37	$	33	$	9	$	7	$	6	$	12
Interest rate derivatives for GMDB exposures					$	8	$	6	$	5	$	10
Interest rate derivatives for GMIB exposures						1		1		1		2
Total interest rate swaps and futures					$	9	$	7	$	6	$	12
(1) Balance sheet presentation of amounts receivable or payable relating to futures daily variation margin are not fair values and are excluded from this table.

Designated as accounting hedges; interest rate, FX and combinations, notional

	Notional Amount (In millions)
		As of		As of
Instrument		June 30, 2012		December 31, 2011
Interest rate swaps	$	120	$	134
Foreign currency swaps		134		134
Combination interest rate and foreign currency swaps		64		64
Total	$	318	$	332

	Notional Amount (In millions)
		As of		As of
Instrument		June 30, 2012		December 31, 2011
Interest rate swaps	$	120	$	134
Foreign currency swaps		134		134
Combination interest rate and foreign currency swaps		64		64
Total	$	318	$	332

Designated as accounting hedges; interest rate, FX and combinations

Fair Value Effect on the Financial Statements (In millions)
	Other Long-Term Investments				Accounts Payable, Accrued Expenses and Other Liabilities				Gain (Loss) Recognized in Other Comprehensive Income (1)
	As of		As of		As of		As of		For the three months ended June 30,				For the six months ended June 30,
Instrument		June 30, 2012		December 31, 2011	June 30, 2012		December 31, 2011		2012		2011		2012		2011
Interest rate swaps	$	6	$	7	$	-	$	-	$	(1)	$	-	$	(1)	$	(2)
Foreign currency swaps		4		3		17		19		5		(6)		2		(10)
Combination interest rate and foreign currency swaps		-		-		11		11		2		(2)		-		(5)
Total	$	10	$	10	$	28	$	30	$	6	$	(8)	$	1	$	(17)
(1) Other comprehensive income for foreign currency swaps excludes amounts required to adjust future policy benefits for the run-off settlement annuity business.

Fair Value Effect on the Financial Statements (In millions)
	Other Long-Term Investments				Accounts Payable, Accrued Expenses and Other Liabilities				Gain (Loss) Recognized in Other Comprehensive Income (1)
	As of		As of		As of		As of		For the three months ended June 30,				For the six months ended June 30,
Instrument		June 30, 2012		December 31, 2011	June 30, 2012		December 31, 2011		2012		2011		2012		2011
Interest rate swaps	$	6	$	7	$	-	$	-	$	(1)	$	-	$	(1)	$	(2)
Foreign currency swaps		4		3		17		19		5		(6)		2		(10)
Combination interest rate and foreign currency swaps		-		-		11		11		2		(2)		-		(5)
Total	$	10	$	10	$	28	$	30	$	6	$	(8)	$	1	$	(17)
(1) Other comprehensive income for foreign currency swaps excludes amounts required to adjust future policy benefits for the run-off settlement annuity business.