Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

Acquisitions And Dispositions Tables [Abstract]

Condensed Balance Sheet At Acquisition Date

(In millions)
Investments	$	23
Cash and cash equivalents		54
Value of business acquired (reported in Deferred policy acquisition costs in the Consolidated Balance Sheet)		28
Goodwill		113
Separate account assets		99
Other assets, including other intangibles		100
Total assets acquired		417
Insurance liabilities		58
Accounts payable, accrued expenses and other liabilities		33
Separate account liabilities		99
Total liabilities acquired		190
Redeemable noncontrolling interest		111
Net assets acquired	$	116

Condensed Great American Supplemental Benefits Group Balance Sheet At Acquisition Date

(In millions)
Investments	$	211
Cash and cash equivalents		36
Reinsurance recoverables		448
Goodwill		168
Value of business acquired (reported in Deferred policy acquisition costs in the Consolidated Balance Sheet)		144
Other assets, including other intangibles		35
Total assets acquired		1,042
Insurance liabilities		707
Accounts payable, accrued expenses and other liabilities		9
Total liabilities acquired		716
Net assets acquired	$	326

Calculation Of Estimated Merger Consideration Heathspring

(In millions, except per share amounts)
HealthSpring, Inc. common shares outstanding at January 30, 2012		67.8
Less: common shares outstanding not settled in cash		(0.1)
Common shares settled in cash		67.7
Price per share	$	55
Cash consideration for outstanding shares	$	3,725
Fair value of share-based compensation awards		65
Additional cash and equity consideration		21
Total merger consideration	$	3,811

Rollover Awards For Healthspring Employees

									Compensation
	Number of		Average exercise/		Fair value		Included in		expense
(Awards in thousands, dollars in millions, except per share amounts)	awards		award price		of awards		purchase price		post-acquisition
Vested options	589	$	14.04	$	18	$	18	$	-
Unvested options	1,336	$	16.21		37		28		9
Restricted stock	786	$	44.43		35		19		16
Total	2,711			$	90	$	65	$	25

Condensed Healthspring Balance Sheet At Acquisition Date

(In millions)
Investments	$	612
Cash and cash equivalents		492
Premiums, accounts and notes receivable		320
Goodwill		2,541
Intangible assets		795
Other		96
Total assets acquired		4,856
Insurance liabilities		505
Deferred income taxes		214
Debt		326
Total liabilities acquired		1,045
Net assets acquired	$	3,811

Fair Value And Useful Lives Of Intangible Assets

(Dollars in millions)		Estimated Fair Value	Estimated Useful Life (In Years)
Customer relationships	$	711	8
Other		84	3-10
Total other intangible assets	$	795

Business Acquisition Pro Forma Information

		Year Ended December 31,
(In millions, except per share amounts)		2012		2011
Total revenues	$	29,608	$	27,461
Shareholders' net income	$	1,633	$	1,456
Earnings per share:
Basic	$	5.73	$	5.11
Diluted	$	5.63	$	5.02