Schedule I — Condensed Financial Information of Registrant
Condensed Statements of Operations

(Parent Company Only)

	Years Ended December 31,

	2012			2011			2010
	(in millions)
Revenues
Management and financial advice fees	$	1		$	—		$	129
Distribution fees		—			9			11
Net investment income		29			18			17
Other revenues		9			30			29

Total revenues		39			57			186
Banking and deposit interest expense		3			—			1

Total net revenues		36			57			185

Expenses
Distribution expenses		(5	)		5			(9	)
Interest and debt expense		94			95			107
General and administrative expense		255			223			288

Total expenses		344			323			386

Pretax loss before equity in earnings of subsidiaries		(308	)		(266	)		(201	)
Income tax benefit		(104	)		(102	)		(120	)

Loss before equity in earnings of subsidiaries		(204	)		(164	)		(81	)
Equity in earnings of subsidiaries excluding discontinued operations		1,235			1,340			1,094

Net income from continuing operations		1,031			1,176			1,013
Loss from discontinued operations, net of tax		(2	)		(60	)		(24	)

Net income	$	1,029		$	1,116		$	989

Schedule I — Condensed Financial Information of Registrant
Condensed Balance Sheets

(Parent Company Only)

	December 31,

	2012			2011
	(in millions, except share data)
Assets
Cash and cash equivalents	$	900		$	712
Investments		894			857
Loans to subsidiaries		467			624
Due from subsidiaries		225			243
Receivables		12			35
Land, buildings, equipment, and software, net of accumulated depreciation of $756 and $707, respectively		251			263
Investments in subsidiaries		8,200			8,065
Other assets		1,350			1,357

Total assets	$	12,299		$	12,156

Liabilities and Shareholders' Equity
Liabilities:
Accounts payable and accrued expenses	$	198		$	167
Due to subsidiaries		330			382
Debt		2,403			2,393
Other liabilities		612			654

Total liabilities		3,543			3,596

Shareholders' Equity:
Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 309,399,529 and 303,757,574, respectively)		3			3
Additional paid-in capital		6,503			6,237
Retained earnings		6,381			5,603
Treasury shares, at cost (105,456,535 and 81,814,591 shares, respectively)		(5,325	)		(4,034	)
Accumulated other comprehensive income, net of tax, including amounts applicable to equity investments in subsidiaries		1,194			751

Total shareholders' equity		8,756			8,560

Total liabilities and shareholders' equity	$	12,299		$	12,156

Schedule I — Condensed Financial Information of Registrant
Condensed Statements of Cash Flows

(Parent Company Only)

	Years Ended December 31,

	2012			2011			2010
	(in millions)
Cash Flows from Operating Activities
Net income	$	1,029		$	1,116		$	989
Equity in earnings of subsidiaries excluding discontinued operations		(1,235	)		(1,340	)		(1,094	)
Loss from discontinued operations, net of tax		2			60			24
Dividends received from subsidiaries		1,366			1,210			796
Other operating activities, primarily with subsidiaries		197			(231	)		921

Net cash provided by operating activities		1,359			815			1,636

Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales		—			—			31
Maturities, sinking fund payments and calls		30			239			151
Purchases		—			(22	)		(151	)
Proceeds from sale of other investments		1			—			—
Purchase of other investments		(55	)		—			(32	)
Purchase of land, buildings, equipment and software		(38	)		(56	)		(32	)
Contributions to subsidiaries		(131	)		(128	)		(73	)
Return of capital from subsidiaries		347			22			116
Acquisitions		—			—			(866	)
Proceeds from sale of business		—			150			—
Repayment of loans from subsidiaries		1,150			1,252			1,282
Issuance of loans to subsidiaries		(994	)		(1,312	)		(1,463	)
Other, net		(16	)		2			34

Net cash provided by (used in) investing activities		294			147			(1,003	)

Cash Flows from Financing Activities
Repayments of debt	$	—		$	(14	)	$	(354	)
Dividends paid to shareholders		(305	)		(212	)		(183	)
Repurchase of common shares		(1,381	)		(1,495	)		(582	)
Issuances of debt, net of issuance costs		—			—			744
Exercise of stock options		160			66			113
Excess tax benefits from share-based compensation		64			90			9
Other, net		(3	)		(1	)		(2	)

Net cash used in financing activities		(1,465	)		(1,566	)		(255	)

Net increase (decrease) in cash and cash equivalents		188			(604	)		378
Cash and cash equivalents at beginning of year		712			1,316			938

Cash and cash equivalents at end of year	$	900		$	712		$	1,316

Supplemental Disclosures:
Interest paid on debt	$	139		$	139		$	140
Income taxes paid, net		170			334			2
Non-cash capital transactions to (from) subsidiaries		—			(850	)		14
Non-cash financing activity:
Dividends declared but not paid		—			62			—