XML 35 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
SIGNIFICANT ACCOUNTING POLICIES - REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS (DETAILS) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
ASSETS [Abstract]      
Deferred policy acquisition costs $ 218 $ 172  
LIABILITIES [Abstract]      
Future policy benefits and other policyholders liabilities 397 380  
Other liabilities 52 12  
Current and deferred income taxes 143 129  
SHAREHOLDER'S EQUITY [Abstract]      
Retained earnings 141 103  
Total Shareholder's Equity 741 675  
REVENUES [Abstract]      
Universal life and investment-type product policy fee income 117 123 122
BENEFITS AND OTHER DEDUCTIONS [Abstract]      
Commissions 38 33 27
Amortization of deferred policy acquisition costs and value of business acquired (27) (12) 41
Other operating costs and expenses 44 29 27
Earnings (loss), before income taxes 44 76 (30)
Income tax (expense) benefit (6) 1 11
Net Earnings (Loss) 38 77 (19)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: [Abstract]      
Net Earnings (Loss) 38 77 (19)
Universal life and investment-type product policy fee income (117) (123) (122)
Change in deferred policy acquisition costs and value of business acquired (58) (37) 20
Change in current and deferred income taxes (1) 15 (10)
Other, net 11 (18) (1)
Revision of Prior Period Financial Statements Commissions [Member]
     
Cumulative Effect on Retained Earnings, Net of Tax [Abstract]      
Cumulative Effect on Retained Earnings, before Tax   31  
Cumulative Effect on Retained Earnings, Net of Tax   20  
LIABILITIES [Abstract]      
Other liabilities   12  
BENEFITS AND OTHER DEDUCTIONS [Abstract]      
Commissions   33 27
Other operating costs and expenses   29 27
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: [Abstract]      
Other, net   (18) (1)
Revision of Prior Period Financial Statements Commissions [Member] | Scenario, Previously Reported [Member]
     
LIABILITIES [Abstract]      
Other liabilities   43  
BENEFITS AND OTHER DEDUCTIONS [Abstract]      
Commissions   45 35
Other operating costs and expenses   35 30
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: [Abstract]      
Other, net   0 10
Revision of Prior Period Financial Statements Commissions [Member] | Restatement Adjustment [Member]
     
LIABILITIES [Abstract]      
Other liabilities   (31)  
BENEFITS AND OTHER DEDUCTIONS [Abstract]      
Commissions   (12) (8)
Other operating costs and expenses   (6) (3)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: [Abstract]      
Other, net   (18) (11)
Revision of Prior Period Financial Statements IFL And DAC [Member]
     
Cumulative Effect on Retained Earnings, Net of Tax [Abstract]      
Cumulative Effect on Retained Earnings, before Tax   6  
Cumulative Effect on Retained Earnings, Net of Tax   4  
ASSETS [Abstract]      
Deferred policy acquisition costs   224  
LIABILITIES [Abstract]      
Future policy benefits and other policyholders liabilities   380  
REVENUES [Abstract]      
Universal life and investment-type product policy fee income   123 122
BENEFITS AND OTHER DEDUCTIONS [Abstract]      
Amortization of deferred policy acquisition costs and value of business acquired   (12) 43
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: [Abstract]      
Universal life and investment-type product policy fee income   (123) (122)
Change in deferred policy acquisition costs and value of business acquired   (47) 14
Revision of Prior Period Financial Statements IFL And DAC [Member] | Scenario, Previously Reported [Member]
     
ASSETS [Abstract]      
Deferred policy acquisition costs   228  
LIABILITIES [Abstract]      
Future policy benefits and other policyholders liabilities   390  
REVENUES [Abstract]      
Universal life and investment-type product policy fee income   117 118
BENEFITS AND OTHER DEDUCTIONS [Abstract]      
Amortization of deferred policy acquisition costs and value of business acquired   (14) 41
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: [Abstract]      
Universal life and investment-type product policy fee income   (117) (118)
Change in deferred policy acquisition costs and value of business acquired   (49) 12
Revision of Prior Period Financial Statements IFL And DAC [Member] | Restatement Adjustment [Member]
     
ASSETS [Abstract]      
Deferred policy acquisition costs   (4)  
LIABILITIES [Abstract]      
Future policy benefits and other policyholders liabilities   (10)  
REVENUES [Abstract]      
Universal life and investment-type product policy fee income   6 4
BENEFITS AND OTHER DEDUCTIONS [Abstract]      
Amortization of deferred policy acquisition costs and value of business acquired   2 2
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: [Abstract]      
Universal life and investment-type product policy fee income   (6) (4)
Change in deferred policy acquisition costs and value of business acquired   2 2
Revision of Prior Period Financial Statements [Member]
     
LIABILITIES [Abstract]      
Current and deferred income taxes   147  
SHAREHOLDER'S EQUITY [Abstract]      
Retained earnings   137  
Total Shareholder's Equity   709  
BENEFITS AND OTHER DEDUCTIONS [Abstract]      
Earnings (loss), before income taxes   86 (24)
Income tax (expense) benefit   (2) 9
Net Earnings (Loss)   84 (15)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: [Abstract]      
Net Earnings (Loss)   84 (15)
Change in current and deferred income taxes   18 (8)
Revision of Prior Period Financial Statements [Member] | Scenario, Previously Reported [Member]
     
LIABILITIES [Abstract]      
Current and deferred income taxes   134  
SHAREHOLDER'S EQUITY [Abstract]      
Retained earnings   113  
Total Shareholder's Equity   685  
BENEFITS AND OTHER DEDUCTIONS [Abstract]      
Earnings (loss), before income taxes   64 (37)
Income tax (expense) benefit   5 14
Net Earnings (Loss)   69 (23)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: [Abstract]      
Net Earnings (Loss)   69 (23)
Change in current and deferred income taxes   11 (13)
Revision of Prior Period Financial Statements [Member] | Restatement Adjustment [Member]
     
LIABILITIES [Abstract]      
Current and deferred income taxes   13  
SHAREHOLDER'S EQUITY [Abstract]      
Retained earnings   24  
Total Shareholder's Equity   24  
BENEFITS AND OTHER DEDUCTIONS [Abstract]      
Earnings (loss), before income taxes   22 13
Income tax (expense) benefit   (7) (5)
Net Earnings (Loss)   15 8
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: [Abstract]      
Net Earnings (Loss)   15 8
Change in current and deferred income taxes   $ 7 $ 5