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Quarterly Results (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly financial information
 
Three months ended
 
March 31,
June 30,
September 30,
December 31,
 
2012
2011
2012
2011
2012 [2]
2011
2012
2011
Revenues
$
7,661

$
6,300

$
4,574

$
5,401

$
6,442

$
4,520

$
7,735

$
5,638

Benefits, losses and expenses
7,659

5,913

4,823

5,551

6,464

4,537

7,993

5,557

Income (loss) from continuing operations, net of tax
97

339

(100
)
113

15

57

(45
)
117

Income (loss) from discontinued operations, net of tax
(1
)
162

(1
)
(80
)
(2
)
3

(1
)
1

Net income (loss)
96

501

(101
)
33

13

60

(46
)
118

Less: Preferred stock dividends and accretion of discount
10

10

11

11

10

10

11

11

Net income (loss) available to common shareholders [1]
$
86

$
491

$
(112
)
$
22

$
3

$
50

$
(57
)
$
107

Basic earnings (losses) per common share
$
0.20

$
1.10

$
(0.26
)
$
0.05

$
0.01

$
0.11

$
(0.13
)
$
0.24

Diluted earnings (losses) per common share [1]
$
0.18

$
0.99

$
(0.26
)
$
0.05

$
0.01

$
0.11

$
(0.13
)
$
0.23

Weighted average common shares outstanding, basic
440.7

444.6

438.2

445.1

435.8

445.3

436.2

445.1

Weighted average shares outstanding and dilutive potential common shares
469.0

508.2

438.2

482.4

461.7

473.4

436.2

468.9

[1] In periods of a net loss available to common shareholders, the Company uses basic weighted average common shares outstanding in the calculation of diluted loss per common share, since the inclusion of shares for warrants, stock compensation plans and the assumed conversion of the preferred shares to common would have been antidilutive to the earnings (loss) per common share calculation. In the absence of the net loss available to common shareholders, weighted average common shares outstanding and dilutive potential common shares would have totaled 485.8 million and 488.9 million for the three months ended June 30, 2012 and December 31, 2012, respectively. In addition, assuming the impact of mandatory convertible preferred shares was not antidilutive, weighted average common shares outstanding and dilutive potential common shares would have totaled 489.9 million, 482.7 million, 489.6 million, 494.1 million and 503.1 million for the three months ended March 31, 2012, September 30, 2012 December 31, 2011, September 30, 2011 and June 30, 2011, respectively.
[2]
On March 1, 2013, the Company filed Amendment No. 1 on Form 10-Q/A to amend and restate its Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2012 as originally filed with the Securities and Exchange Commission on November 1, 2012. In this restatement the Company recognized an estimated pre-tax reinsurance loss on disposition of $533 comprised of impairment of goodwill attributed to the Individual Life business of $342 and a loss accrual for premium deficiency of $191 in the third quarter of 2012. The estimate is subject to change pending final determination of net assets sold, transaction costs, and other adjustments. The effect of the restatement is summarized as follows:
 
Three months ended September 30, 2012
 
As previously
reported
Adjustment
As restated
Income (loss) from continuing operations, net of tax
$
403

$
(388
)
$
15

Net income (loss)
$
401

$
(388
)
$
13

Net income (loss) available to common shareholders
$
391

$
(388
)
$
3

Basic earnings (losses) per common share
$
0.90

$
(0.89
)
$
0.01

Diluted earnings (losses) per common share
$
0.83

$
(0.82
)
$
0.01