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STATEMENTS OF EARNINGS (LOSS) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES      
Universal life and investment-type product policy fee income $ 117 $ 118 $ 129
Premiums 42 39 40
Net investment income (loss) 116 119 122
Investment gains (losses), net:      
Total other-than-temporary impairment losses (2) (56) (53)
Portion of loss recognized in other comprehensive income (loss) 0 2 0
Net impairment losses recognized (2) (54) (53)
Other investment gains (losses), net 1 6 (3)
Total investment gains (losses), net (1) (48) (56)
Other income 4 8 11
Increase (decrease) in the fair value of the reinsurance contract asset 7 1 (7)
Total revenues 285 237 239
BENEFITS AND OTHER DEDUCTIONS      
Policyholders benefits 96 93 84
Interest Credited To Policyholders Account Balances 61 68 71
Compensation and benefits 30 32 26
Commissions 45 35 31
Interest expense 0 1 1
Amortization of deferred policy acquisition costs and value of business acquired (14) 41 23
Capitalization of deferred policy acquisition costs (35) (29) (29)
Rent expense 3 3 4
Other operating costs and expenses 35 30 26
Total benefits and other deductions 221 274 237
Earnings (loss), before income taxes 64 (37) 2
Income tax (expense) benefit 5 14 3
Net Earnings (Loss) $ 69 $ (23) $ 5