XML 57 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (TABLES)
12 Months Ended
Dec. 31, 2012
Significant Accounting Policies Tables [Abstract]  
Schedule of Revision of Prior Period Financial Statements
     As Previously Reported Adjustment As Adjusted
             
December 31, 2011: (In Millions)
             
 Assets:         
  Deferred policy acquisition costs $228 $(4) $224
 Liabilities:         
  Future policy benefits and other         
   policyholders liabilities $390 $(10) $380
  Other liabilities  43  (31)  12
  Current and deferred income taxes  134  13  147
 Equity:         
  Retained earnings  113  24  137
  Total shareholder's equity  685  24  709

     As Previously      
      Reported Adjustment As Adjusted
             
Year Ended December 31, 2011: (In Millions)
 Revenues:         
  Universal life and investment-type product         
   policy fee income $117 $6 $123
 Benefits and Other Deductions:         
  Commissions  45  (12)  33
  Amortization of deferred policy acquisition costs         
   and value of business acquired  (14)  2  (12)
  Other operating costs and expenses  35  (6)  29
 Earnings (loss), before income taxes  64  22  86
 Income tax (expense) benefit  5  (7)  (2)
 Net earnings (loss)  69  15  84
             
Year Ended December 31, 2010:         
 Revenues:         
  Universal life and investment-type product         
   policy fee income $118 $4 $122
 Benefits and Other Deductions:         
  Commissions  35  (8)  27
  Amortization of deferred policy acquisition costs         
   and value of business acquired  41  2  43
  Other operating costs and expenses  30  (3)  27
 Earnings (loss), before income taxes  (37)  13  (24)
 Income tax (expense) benefit  14  (5)  9
 Net earnings (loss)  (23)  8  (15)

     As Previously      
      Reported Adjustment As Adjusted
             
     (In Millions)
Year Ended December 31, 2011:         
 Cash flows from operating activities:         
  Net earnings $69 $15 $84
  Universal life and investment-type product         
   policy fee income  (117)  (6)  (123)
  Change in deferred policy acquisition costs          
   and value of business acquired  (49)  2  (47)
  Change in current and deferred income taxes  11  7  18
  Other, net  0  (18)  (18)
             
Year Ended December 31, 2010:         
 Cash flows from operating activities:         
  Net earnings $(23) $8 $(15)
  Universal life and investment-type product         
   policy fee income  (118)  (4)  (122)
  Change in deferred policy acquisition costs          
   and value of business acquired  12  2  14
  Change in current and deferred income taxes  (13)  5  (8)
  Other, net  10  (11)  (1)
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
     As Previously Reported    
     and Adjusted Herein Adjustment As Adjusted
             
December 31, 2011: (In Millions)
             
 Assets:         
  Deferred policy acquisition costs  $224 $(52) $172
 Liabilities:         
  Current and deferred income taxes  147  (18)  129
 Equity:         
  Retained earnings  137  (34)  103
  Total shareholder's equity  709  (34)  675

      As Previously Reported    
     and Adjusted Herein Adjustment As Adjusted
             
Year Ended December 31, 2011: (In Millions)
 Benefits and Other Deductions:         
  Amortization of deferred policy acquisition costs         
   and value of business acquired $(12) $0 $(12)
  Capitalization of deferred policy acquisition costs  (35)  10  (25)
 Earnings (loss), before income taxes  86  (10)  76
 Income tax (expense) benefit  (2)  3  1
 Net earnings (loss)  84  (7)  77
             
Year Ended December 31, 2010:         
 Benefits and Other Deductions:         
  Amortization of deferred policy acquisition costs         
   and value of business acquired $43 $(2) $41
  Capitalization of deferred policy acquisition costs  (29)  8  (21)
 Earnings (loss), before income taxes  (24)  (6)  (30)
 Income tax (expense) benefit  9  2  11
 Net earnings (loss)  (15)  (4)  (19)

      As Previously Reported    
     and Adjusted Herein Adjustment As Adjusted
             
     (In Millions)
Year Ended December 31, 2011:         
 Cash flows from operating activities:         
  Net earnings $84 $(7) $77
  Change in deferred policy acquisition costs         
   and value of business acquired  (47)  10  (37)
  Change in current and deferred income taxes  18  (3)  15
             
Year Ended December 31, 2010:         
 Cash flows from operating activities:         
  Net earnings $(15) $(4) $(19)
  Change in deferred policy acquisition costs         
   and value of business acquired  14  6  20
  Change in current and deferred income taxes  (8)  (2)  (10)