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STATEMENTS OF EARNINGS (LOSS) (USD $)
In Millions
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Universal life and investment-type product policy fee income $ 28 $ 31 $ 58 $ 62
Premiums 9 9 19 19
Net investment income (loss) 29 30 58 60
Investment gains (losses), net:        
Total other-than-temporary impairment losses (1) (3) (1) (7)
Portion of loss recognized in other comprehensive income (loss) 0 0 0 1
Net impairment losses recognized (1) (3) (1) (6)
Other investment gains (losses), net 0 2 1 4
Total investment gains (losses), net (1) (1) 0 (2)
Other income 3 2 5 5
Increase (decrease) in fair value of reinsurance contracts 1 3 0 2
Total revenues 69 74 140 146
BENEFITS AND OTHER DEDUCTIONS        
Policyholders benefits 20 19 47 49
Interest Credited To Policyholders Account Balances 13 16 28 34
Compensation and benefits 8 10 16 17
Commissions 11 8 20 17
Interest expense 0 1 0 1
Amortization of deferred policy acquisition costs and value of business acquired 7 11 (20) 25
Capitalization of deferred policy acquisition costs (8) (9) (15) (15)
Rent expense 1 1 2 2
Other operating costs and expenses 9 9 17 17
Total benefits and other deductions 61 66 95 147
Earnings (loss), before income taxes 8 8 45 (1)
Income tax (expense) benefit (3) (2) 3 2
Net Earnings (Loss) $ 5 $ 6 $ 48 $ 1