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FAIR VALUE DISCLOSURES (TABLES)

12 Months Ended

Dec. 31, 2012

Fair Value Disclosures Tables [Abstract]

Fair Value By Balance Sheet Grouping Text Block

Fair Value Measurements

				Level 1		Level 2		Level 3		Total

				(In Millions)
December 31, 2012
Assets:
Investments:
	Fixed maturities, available-for-sale:
		Corporate		$	0	$	1,684	$	35	$	1,719
		U.S. Treasury, government and agency			0		113		0		113
		States and political subdivisions			0		28		0		28
		Foreign governments			0		2		0		2
		Commercial mortgage-backed			0		0		35		35
		Residential mortgage-backed⁽¹⁾			0		20		0		20
		Asset-backed⁽²⁾			0		5		6		11
		Redeemable preferred stock			37		61		0		98
			Subtotal		37		1,913		76		2,026
	Other equity investments				1		0		0		1
Cash equivalents					145		0		0		145
GMIB reinsurance contracts					0		0		7		7
Separate Accounts' assets					1,623		15		0		1,638
		Total Assets		$	1,806	$	1,928	$	83	$	3,817

December 31, 2011
Assets:
Investments:
	Fixed maturities, available-for-sale:
		Corporate		$	0	$	1,659	$	34	$	1,693
		U.S. Treasury, government and agency			0		105		0		105
		States and political subdivisions			0		22		0		22
		Foreign governments			0		4		0		4
		Commercial mortgage-backed			0		0		29		29
		Residential mortgage-backed⁽¹⁾			0		28		0		28
		Asset-backed⁽²⁾			0		5		5		10
		Redeemable preferred stock			19		57		0		76
			Subtotal		19		1,880		68		1,967
	Other equity investments				1		0		0		1
Cash equivalents					57		0		0		57
GMIB reinsurance contracts					0		0		9		9
Separate Accounts' assets					1,589		15		0		1,604
		Total Assets		$	1,666	$	1,895	$	77	$	3,638

Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation Text Block

Level 3 Instruments
Fair Value Measurements


								Commercial				Redeemable		GMIB
								Mortgage-		Asset-		Preferred		Reinsurance
						Corporate		backed		backed		Stock		Contracts

						(In Millions)

Balance, January 1, 2012						$	34	$	29	$	5	$	0	$	9
	Total gains (losses), realized and unrealized, included in:
		Earnings (loss) as:
			Net investment income (loss)				0		0		0		0		0
			Investment gains (losses), net				1		(7)		0		0		0
			Increase (decrease) in the fair value of
				reinsurance contracts			0		0		0		0		(2)
					Subtotal		1		(7)		0		0		(2)
		Other comprehensive income (loss)					0		13		1		0		0
Purchases							0		0		0		0		0
Sales							(3)		0		0		0		0
Transfers into Level 3⁽²⁾							3		0		0		0		0
Balance, December 31, 2012⁽¹⁾						$	35	$	35	$	6	$	0	$	7

Balance, January 1, 2011						$	19	$	36	$	5	$	0	$	2
	Total gains (losses), realized and unrealized included in:
		Earnings (loss) as:
			Net investment income (loss)				0		0		0		0		0
			Investment gains (losses), net				0		(1)		0		0		0
			Increase (decrease) in the fair value of
				reinsurance contracts			0		0		0		0		7
					Subtotal	$	0	$	(1)	$	0	$	0	$	7
		Other comprehensive income (loss)					(2)		(3)		0		0		0
Sales							(1)		(3)		0		0		0
Transfers into Level 3⁽²⁾							22		0		0		0		0
Transfers out of Level 3⁽²⁾							(4)		0		0		0		0
Balance, December 31, 2011⁽¹⁾						$	34	$	29	$	5	$	0	$	9

Fair Value Assets Unrealized Gains Losses By Category For Level 3 Assets And Liabilities Still Held [Table Text Block]

					Earnings (Loss)
									Increase
					Net		Investment		(Decrease) in the
					Investment		Gains		Fair Value of
					Income		(Losses),		Reinsurance
					(Loss)		Net		Contracts		OCI

					(In Millions)
Level 3 Instruments
Full Year 2012
Still Held at December 31, 2012:⁽¹⁾
	Change in unrealized gains (losses):
		Fixed maturities, available-for-sale:
			Commercial mortgage-backed			0		0		0		13
			Other fixed maturities, available-for-sale			0		0		0		1
				Subtotal	$	0	$	0	$	0	$	14
		GMIB reinsurance contracts				0		0		(2)		0
				Total	$	0	$	0	$	(2)	$	14

Level 3 Instruments
Full Year 2011
Still Held at December 31, 2011:⁽¹⁾
	Change in unrealized gains (losses):
		Fixed maturities, available-for-sale:
			Commercial mortgage-backed			0		0		0		(4)
			Other fixed maturities, available-for-sale			0		0		0		(2)
				Subtotal	$	0	$	0	$	0	$	(6)
		GMIB reinsurance contracts				0		0		7		0
				Total	$	0	$	0	$	7	$	(6)

Fair Value Inputs Quantitative Information [Table Text Block]

Quantitative Information about Level 3 Fair Value Measurements

December 31, 2012

Fair

Valuation

Significant

Value

Technique

Unobservable Input

Range

Assets:

(In Millions)

Investments:

Fixed maturities, available-for-sale:

Corporate

Matrix pricing model

Spread over the industry-specific

benchmark yield curve

600 bps - 650 bps

Commercial mortgage-backed

Discounted Cash flow

Constant default rate

3.0% - 25.0%

Probability of default

55.0%

Loss severity

49.0%

Discount rate

3.72% - 13.42%

GMIB reinsurance contracts

Discounted Cash flow

Lapse Rates

2.5% - 27.5%

Withdrawal Rates

3.5%

GMIB Utilization Rates

0.0% - 15.0%

Non-performance risk

13.5 bps

Volatility rates - Equity

24.0%- 36.0%

Fair Value Disclosure Financial Instruments Not Carried At Fair Value [Table Text Block]

	December 31, 2012
	Carrying		Fair Value
	Value		Level 1		Level 2		Level 3		Total

	(In Millions)

Mortgage loans on real estate	$	45	$	0	$	0	$	46	$	46
Policyholders liabilities: Investment contracts		200		0		0		223		223


	December 31, 2011
	Carrying		Fair
	Value		Value

	(In Millions)

Mortgage loans on real estate	$	124	$	130
Policyholders liabilities - Investment contracts		229		242

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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