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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Earned premiums $ 3,400 $ 3,545 $ 6,842 $ 7,064
Fee income 1,114 1,219 2,248 2,428
Net investment income (loss):        
Securities available-for-sale and other 1,097 1,104 2,167 2,212
Equity securities, trading (1,687) (597) 1,179 206
Total net investment income (loss) (590) 507 3,346 2,418
Net realized capital gains (losses):        
Total other-than-temporary impairment (OTTI) losses (106) (31) (142) (150)
OTTI losses recognized in other comprehensive income (OCI) 8 8 15 72
Net OTTI losses recognized in earnings (98) (23) (127) (78)
Net realized capital gains (losses), excluding net OTTI losses recognized in earnings 687 92 (194) (256)
Total net realized capital losses 589 69 (321) (334)
Other revenues 61 61 120 125
Total revenues 4,574 5,401 12,235 11,701
Benefits, losses and expenses        
Benefits, losses and loss adjustment expenses 3,621 3,976 6,659 7,154
Benefits, losses and loss adjustment expenses - returns credited on international variable annuities (1,686) (597) 1,178 206
Amortization of deferred policy acquisition costs and present value of future profits 554 592 875 1,042
Insurance operating costs and other expenses 1,309 1,452 2,621 2,806
Loss on extinguishment of debt 910 0 910 0
Interest expense 115 128 239 256
Total benefits, losses and expenses 4,823 5,551 12,482 11,464
Income from continuing operations before income taxes (249) (150) (247) 237
Income tax expense (benefit) (149) (263) (244) (215)
Income from continuing operations, net of tax (100) 113 (3) 452
Income (loss) from discontinued operations, net of tax (1) (80) (2) 82
Net income (101) 33 (5) 534
Preferred stock dividends 11 11 21 21
Net income available to common shareholders $ (112) $ 22 $ (26) $ 513
Income (loss) from continuing operations, net of tax, available to common shareholders per common share        
Basic $ (0.25) $ 0.23 $ (0.05) $ 0.97
Diluted $ (0.25) $ 0.21 $ (0.05) $ 0.89
Net income available to common shareholders per common share        
Basic $ (0.26) $ 0.05 $ (0.06) $ 1.15
Diluted $ (0.26) $ 0.05 $ (0.06) $ 1.06
Cash dividends declared per common share $ 0.10 $ 0.10 $ 0.20 $ 0.20