Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Provision (benefit) for income taxes

	For the years ended December 31,
	2012			2011			2010
Income Tax Expense (Benefit)
Current - U.S. Federal	$	20		$	(495	)	$	106
- International	6			22			69
Total current	26			(473		)	175
Deferred - U.S. Federal Excluding NOL Carryforward	(377		)	921			93
- Net Operating Loss Carryforward	(301		)	(652		)	1
- International	158			(121		)	303
Total deferred	(520		)	148			397
Total income tax expense (benefit)	$	(494	)	$	(325	)	$	572

Deferred tax assets (liabilities)

	As of December 31,
Deferred Tax Assets	2012			2011
Tax discount on loss reserves	$	621		$	632
Tax basis deferred policy acquisition costs	481			528
Unearned premium reserve and other underwriting related reserves	414			421
Investment-related items	1,525			1,159
Insurance product derivatives	454			913
Employee benefits	599			523
Minimum tax credit	860			868
Net operating loss carryover	1,007			736
Foreign tax credit carryover	149			132
Capital loss carryover	5			—
Other	118			16
Total Deferred Tax Assets	6,233			5,928
Valuation Allowance	(58		)	(83		)
Deferred Tax Assets, Net of Valuation Allowance	6,175			5,845
Deferred Tax Liabilities
Financial statement deferred policy acquisition costs and reserves	(1,694		)	(2,361		)
Net unrealized gains on investments	(2,396		)	(1,210		)
Other depreciable & amortizable assets	(143		)	(104		)
Other	—			(39		)
Total Deferred Tax Liabilities	(4,233		)	(3,714		)
Net Deferred Tax Asset	$	1,942		$	2,131

Reconciliation of tax provision at U.S. federal statutory rate to provision for income taxes

	For the years ended December 31,
	2012			2011			2010
Tax provision (benefit) at U.S. Federal statutory rate	$	(184	)	$	105		$	795
Tax-exempt interest	(141		)	(148		)	(152		)
Dividends received deduction	(145		)	(206		)	(154		)
Valuation allowance	(25		)	(82		)	78
Other	1			6			5
Provision (benefit) for income taxes	$	(494	)	$	(325	)	$	572