XML 102 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Earned premiums $ 13,631 $ 14,088 $ 14,055
Fee income 4,432 4,750 4,748
Net investment income:      
Securities available-for-sale and other 4,237 4,272 4,364
Equity securities, trading 4,565 (1,359) (774)
Total net investment income 8,802 2,913 3,590
Net realized capital gains (losses):      
Total other-than-temporary impairment (“OTTI”) losses (389) (263) (852)
OTTI losses recognized in other comprehensive income (“OCI”) 40 89 418
Net OTTI losses recognized in earnings (349) (174) (434)
Net realized capital gains (losses), excluding net OTTI losses recognized in earnings (362) 29 (177)
Total net realized capital losses (711) (145) (611)
Other revenues 258 253 267
Total revenues 26,412 21,859 22,049
Benefits, losses and expenses      
Benefits, losses and loss adjustment expenses 13,250 14,625 13,025
Benefits, losses and loss adjustment expenses — returns credited on international variable annuities 4,564 (1,359) (774)
Amortization of deferred policy acquisition costs and present value of future profits 1,988 2,444 1,692
Insurance operating costs and other expenses 5,237 5,310 5,326
Loss on extinguishment of debt 910 0 0
Reinsurance loss on disposition, including goodwill impairment of $342 533 0 0
Interest expense 457 508 508
Goodwill impairment 0 30 0
Total benefits, losses and expenses 26,939 21,558 19,777
Income (loss) from continuing operations before income taxes (527) 301 2,272
Income tax expense (benefit) (494) (325) 572
Income (loss) from continuing operations, net of tax (33) 626 1,700
Income (loss) from discontinued operations, net of tax (5) 86 (64)
Net income (loss) (38) 712 1,636
Preferred stock dividends (42) (42) (515)
Net income (loss) available to common shareholders $ (80) $ 670 $ 1,121
Income from continuing operations, net of tax, available to common shareholders per common share      
Basic $ (0.17) $ 1.31 $ 2.75
Diluted $ (0.17) $ 1.22 $ 2.53
Net income (loss) available to common shareholders per common share      
Basic $ (0.18) $ 1.51 $ 2.60
Diluted $ (0.18) $ 1.40 $ 2.40
Cash dividends declared per common share $ 0.40 $ 0.40 $ 0.20