The Company's financing receivables include commercial mortgage loans, syndicated loans, consumer bank loans, policy loans and margin loans. See Note 2 for information regarding the Company's accounting policies related to loans and the allowance for loan losses.

The following tables present a rollforward of the allowance for loan losses for the years ended and the ending balance of the allowance for loan losses by impairment method and type of loan:

	December 31, 2011

	Commercial Mortgage Loans			Syndicated Loans			Consumer Bank Loans			Total

	(in millions)
Beginning balance	$	38		$	10		$	16		$	64
Charge-offs		(2	)		—			(12	)		(14	)
Recoveries		—			—			1			1
Provisions		(1	)		(1	)		11			9

Ending balance	$	35		$	9		$	16		$	60

Individually evaluated for impairment	$	10		$	1		$	1		$	12
Collectively evaluated for impairment		25			8			15			48

	December 31, 2010

	Commercial Mortgage Loans			Syndicated Loans			Consumer Bank Loans			Total

	(in millions)
Beginning balance	$	32		$	26		$	13		$	71
Charge-offs		(2	)		(5	)		(12	)		(19	)
Recoveries		—			—			1			1
Provisions		8			(11	)		14			11

Ending balance	$	38		$	10		$	16		$	64

Individually evaluated for impairment	$	8		$	1		$	2		$	11
Collectively evaluated for impairment		30			9			14			53

The recorded investment in financing receivables by impairment method and type of loan was as follows:

	December 31, 2011

	Commercial Mortgage Loans		Syndicated Loans		Consumer Bank Loans		Total

	(in millions)
Individually evaluated for impairment	$	68	$	5	$	11	$	84
Collectively evaluated for impairment		2,556		359		1,369		4,284

Total	$	2,624	$	364	$	1,380	$	4,368

	December 31, 2010

	Commercial Mortgage Loans		Syndicated Loans		Consumer Bank Loans		Total

	(in millions)
Individually evaluated for impairment	$	75	$	8	$	12	$	95
Collectively evaluated for impairment		2,540		303		1,054		3,897

Total	$	2,615	$	311	$	1,066	$	3,992

As of December 31, 2011 and 2010, the Company's recorded investment in financing receivables individually evaluated for impairment for which there was no related allowance for loan losses was $13 million and $24 million, respectively. Unearned income, unamortized premiums and discounts, and net unamortized deferred fees and costs are not material to the Company's total loan balance.

	Years Ended December 31,

	2011		2010

	(in millions)
Purchases
Consumer bank loans	$	373	$	283
Syndicated loans		194		59

Total loans purchased	$	567	$	342

Sales
Consumer bank loans	$	209	$	415
Syndicated loans		2		40

Total loans sold	$	211	$	455

The Company has not acquired any loans with deteriorated credit quality as of the acquisition date.

Nonperforming loans, which are generally loans 90 days or more past due, were $20 million and $15 million as of December 31, 2011 and 2010, respectively. All other loans were considered to be performing.

The Company reviews the credit worthiness of the borrower and the performance of the underlying properties in order to determine the risk of loss on commercial mortgage loans. Based on this review, the commercial mortgage loans are assigned an internal risk rating, which management updates as necessary. Commercial mortgage loans which management has assigned its highest risk rating were 3% of total commercial mortgage loans at both December 31, 2011 and 2010. Loans with the highest risk rating represent distressed loans which the Company has identified as impaired or expects to become delinquent or enter into foreclosure within the next six months. In addition, the Company reviews the concentrations of credit risk by region and property type.

Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:

	Loans				Percentage


	December 31,				December 31,

	2011		2010		2011			2010

	(in millions)
East North Central	$	252	$	242		10	%		9	%
East South Central		65		66		2			3
Middle Atlantic		223		215		9			8
Mountain		284		301		11			11
New England		141		156		5			6
Pacific		584		541		22			21
South Atlantic		648		625		25			24
West North Central		244		271		9			10
West South Central		183		198		7			8

		2,624		2,615		100	%		100	%

Less: allowance for loan losses		35		38

Total	$	2,589	$	2,577

Concentrations of credit risk of commercial mortgage loans by property type were as follows:

	Loans				Percentage


	December 31,				December 31,

	2011		2010		2011			2010

	(in millions)
Apartments	$	392	$	351		15	%		13	%
Hotel		51		57		2			2
Industrial		480		475		18			18
Mixed Use		42		43		2			2
Office		694		747		26			29
Retail		845		843		32			32
Other		120		99		5			4

		2,624		2,615		100	%		100	%

Less: allowance for loan losses		35		38

Total	$	2,589	$	2,577

The Company's syndicated loan portfolio is diversified across industries and issuers. The primary credit indicator for syndicated loans is whether the loans are performing in accordance with the contractual terms of the syndication. Total nonperforming syndicated loans at both December 31, 2011 and 2010 were $3 million.

The Company considers the credit worthiness of borrowers (FICO score), collateral characteristics such as LTV and geographic concentration in determining the allowance for loan losses for residential mortgage loans, credit cards and other consumer bank loans. At a minimum, management updates FICO scores and LTV ratios semiannually.

As of both December 31, 2011 and 2010, approximately 7% of residential mortgage loans and credit cards and other consumer bank loans had FICO scores below 640. At December 31, 2011 and 2010, approximately 2% and 3%, respectively, of the Company's residential mortgage loans had LTV ratios greater than 90%. The Company's most significant geographic concentration for consumer bank loans is in California representing 38% and 33% of the portfolio as of December 31, 2011 and 2010, respectively. No other state represents more than 10% of the total consumer bank loan portfolio.

During the year ended December 31, 2011 the Company restructured 119 loans with a recorded investment of $52 million as of December 31, 2011. Of the total restructured loans, 11 loans were commercial mortgage loans with a recorded investment of $51 million as of December 31, 2011. The troubled debt restructurings did not have a material impact to the Company's allowance for loan losses or income recognized for the year ended December 31, 2011. There are no material commitments to lend additional funds to borrowers whose loans have been restructured.