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Earnings (Loss) per Share (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Income (loss) from continuing operations                      
Income (loss) from continuing operations, net of tax                 $ (33) $ 626 $ 1,700
Less: Preferred stock dividends and accretion of discount                 42 42 515
Income (loss) from continuing operations, net of tax, available to common shareholders                 (75) 584 1,185
Add: Dilutive effect of preferred stock dividends                    0 33
Income (loss) from continuing operations, net of tax, available to common shareholders and assumed conversion of preferred shares                 (75) 584 1,218
Income (loss) from discontinued operations, net of tax (1) (2) [1]   (1) 1 3 (80) 162 (5) 86 (64)
Net income (loss)                      
Net income (loss) (46) 13 [1] (101) 96 118 60 33 501 (38) 712 1,636
Less: Preferred stock dividends and accretion of discount                 42 42 515
Net income (loss) available to common shareholders (57) [2] 3 [1],[2] (112) [2] 86 [2] 107 [2] 50 [2] 22 [2] 491 [2] (80) 670 1,121
Add: Dilutive effect of preferred stock dividends                    0 33
Net income (loss) available to common shareholders and assumed conversion of preferred shares                 $ (80) $ 670 $ 1,154
Shares                      
Weighted average common shares outstanding, basic 436.2 435.8 [1] 438.2 440.7 445.1 445.3 445.1 444.6 437.7 445.0 431.5
Dilutive effect of warrants                    31.9 32.3
Dilutive effect of stock compensation plans                    1.1 1.3
Dilutive effect of mandatory convertible preferred shares                    0 16.4
Weighted average shares outstanding and dilutive potential common shares 436.2 461.7 [1] 438.2 469.0 468.9 473.4 482.4 508.2 437.7 478.0 481.5
Basic                      
Income (loss) from continuing operations, net of tax, available to common shareholders                 $ (0.17) $ 1.31 $ 2.75
Income (loss) from discontinued operations, net of tax                 $ (0.01) $ 0.20 $ (0.15)
Net income (loss) available to common shareholders $ (0.13) $ 0.01 [1] $ (0.26) $ 0.20 $ 0.24 $ 0.11 $ 0.05 $ 1.10 $ (0.18) $ 1.51 $ 2.60
Diluted                      
Income (loss) from continuing operations, net of tax, available to common shareholders                 $ (0.17) $ 1.22 $ 2.53
Income (loss) from discontinued operations, net of tax                 $ (0.01) $ 0.18 $ (0.13)
Net income (loss) available to common shareholders $ (0.13) [2] $ 0.01 [1],[2] $ (0.26) [2] $ 0.18 [2] $ 0.23 [2] $ 0.11 [2] $ 0.05 [2] $ 0.99 [2] $ (0.18) $ 1.40 $ 2.40
[1] 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 previouslyreportedAdjustmentAs restatedIncome (loss) from continuing operations, net of tax$403$(388)$15Net income (loss)$401$(388)$13Net income (loss) available to common shareholders$391$(388)$3Basic earnings (losses) per common share$0.90$(0.89)$0.01Diluted earnings (losses) per common share$0.83$(0.82)$0.01
[2] 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.