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Fair Value Measurements - Assets and Liabilities by Level (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Fixed maturities:    
Total fixed maturities $ 16,600 $ 17,705
Equity securities 131 111
Short-term investments 122 154
Financial liabilities at fair value:    
Percentage of GMIB exposure covered by retrocessional coverage   55.00%
Unrealized Appreciation Settlement Annuity 810 875
Fair Value, Measurements, Recurring [Member]
   
Fixed maturities:    
Federal government and agency 847 902
State and local government 2,401 2,437
Foreign government 1,242 1,322
Corporate 11,006 11,896
Federal agency mortgage-backed 107 122
Other mortgage-backed 83 89
Other asset-backed 914 937
Total fixed maturities 16,600 [1] 17,705 [2]
Equity securities 131 111
Subtotal 16,731 17,816
Short-term investments 122 154
GMIB assets 1,117 [3] 622 [4]
Other derivative assets 7 [5] 41 [6]
Total financial assets at fair value, excluding separate accounts 17,977 18,633
Financial liabilities at fair value:    
GMIB liabilities 1,099 1,170
Other derivative liabilities 28 [5] 31 [6]
Total financial liabilities at fair value 1,127 1,201
Designated as Hedging Instrument [Member] | Fair Value, Measurements, Recurring [Member]
   
Fixed maturities:    
Other derivative assets 6 5
Non designated [Member] | Fair Value, Measurements, Recurring [Member]
   
Fixed maturities:    
Other derivative assets 1 36
Fair Value Inputs Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
   
Fixed maturities:    
Federal government and agency 132 156
State and local government 0 0
Foreign government 0 0
Corporate 0 0
Federal agency mortgage-backed 0 0
Other mortgage-backed 0 0
Other asset-backed 0 0
Total fixed maturities 132 [1] 156 [2]
Equity securities 6 4
Subtotal 138 160
Short-term investments 0 0
GMIB assets 0 [3] 0 [4]
Other derivative assets 0 [5] 0 [6]
Total financial assets at fair value, excluding separate accounts 138 160
Financial liabilities at fair value:    
GMIB liabilities 0 0
Other derivative liabilities 0 [5] 0 [6]
Total financial liabilities at fair value 0 0
Fair Value Inputs Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
   
Fixed maturities:    
Federal government and agency 715 746
State and local government 2,401 2,437
Foreign government 1,218 1,298
Corporate 10,422 11,201
Federal agency mortgage-backed 107 122
Other mortgage-backed 82 88
Other asset-backed 269 340
Total fixed maturities 15,214 [1] 16,232 [2]
Equity securities 91 73
Subtotal 15,305 16,305
Short-term investments 122 154
GMIB assets 0 [3] 0 [4]
Other derivative assets 7 [5] 41 [6]
Total financial assets at fair value, excluding separate accounts 15,434 16,500
Financial liabilities at fair value:    
GMIB liabilities 0 0
Other derivative liabilities 28 [5] 31 [6]
Total financial liabilities at fair value 28 31
Fair Value Inputs Level 3 [Member]
   
Financial liabilities at fair value:    
Unrealized Appreciation Settlement Annuity 103 108
Fair Value Inputs Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
   
Fixed maturities:    
Federal government and agency 0 0
State and local government 0 0
Foreign government 24 24
Corporate 584 695
Federal agency mortgage-backed 0 0
Other mortgage-backed 1 1
Other asset-backed 645 597
Total fixed maturities 1,254 [1] 1,317 [2]
Equity securities 34 34
Subtotal 1,288 1,351
Short-term investments 0 0
GMIB assets 1,117 [3] 622 [4]
Other derivative assets 0 [5] 0 [6]
Total financial assets at fair value, excluding separate accounts 2,405 1,973
Financial liabilities at fair value:    
GMIB liabilities 1,099 1,170
Other derivative liabilities 0 [5] 0 [6]
Total financial liabilities at fair value $ 1,099 $ 1,170
[1] Fixed maturities included $810 million of net appreciation required to adjust future policy benefits for the run-off settlement annuity business including $103 million of appreciation for securities classified in Level 3.
[2] Fixed maturities included $875 million of net appreciation required to adjust future policy benefits for the run-off settlement annuity business including $108 million of appreciation for securities classified in Level 3.
[3] The GMIB assets represent retrocessional contracts in place from three external reinsurers that cover the exposures on these contracts.
[4] The GMIB assets represent retrocessional contracts in place from two external reinsurers that covered 55% of the exposures on these contracts.
[5] Other derivative assets included $6 million of interest rate and foreign currency swaps qualifying as cash flow hedges and $1 million of interest rate swaps not designated as accounting hedges. Other derivative liabilities reflected foreign currency and interest rate swaps qualifying as cash flow hedges. See Note 10 for additional information.
[6] Other derivative assets included $5 million of interest rate and foreign currency swaps qualifying as cash flow hedges and $36 million of interest rate swaps not designated as accounting hedges. Other derivative liabilities reflected foreign currency and interest rate swaps qualifying as cash flow hedges. See Note 10 for additional information.