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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Investments    
Fixed maturities, available-for-sale, at fair value (amortized cost of $77,367 and $78,419) (includes variable interest entity assets, at fair value, of $177 and $406) $ 78,132 $ 77,820
Fixed maturities, at fair value using the fair value option (includes variable interest entity assets of $333 and $323) 1,227 649
Equity securities, trading, at fair value (cost of $32,774 and $33,899) 32,278 32,820
Equity securities, available-for-sale, at fair value (cost of $1,070 and $1,013) 1,081 973
Mortgage loans (net of allowances for loan losses of $171 and $155) 5,304 4,489
Policy loans, at outstanding balance 2,188 2,181
Limited partnerships and other alternative investments (includes variable interest entity assets of $7 and $14) 2,028 1,918
Other investments 973 1,617
Short-term investments 8,861 8,528
Total investments 132,072 130,995
Cash 1,898 2,062
Premiums receivable and agents' balances, net 3,418 3,273
Reinsurance recoverables, net 4,851 4,862
Deferred policy acquisition costs and present value of future profits 9,584 9,857
Deferred income taxes, net 3,362 3,725
Goodwill 1,036 1,051
Property and equipment, net 1,020 1,150
Other assets 2,743 1,629
Separate accounts assets 157,485 159,742
Total assets 317,469 318,346
Liabilities    
Reserve for future policy benefits and unpaid losses and loss adjustment expenses 40,184 39,598
Other policyholder funds and benefits payable 44,073 44,550
Other policyholder funds and benefits payable - international variable annuities 32,237 32,793
Unearned premium 5,315 5,176
Short-term debt 400 400
Long-term debt 6,214 6,207
Consumer notes 368 382
Other liabilities (includes variable interest entity liabilities of $439 and $394) 9,518 9,187
Separate account liabilities 157,485 159,742
Total liabilities 295,794 298,035
Commitments and Contingencies (Note 9)    
Stockholders' Equity    
Preferred stock, $0.01 par value - 50,000,000 shares authorized, 575,000 shares issued, liquidation preference $1,000 per share 556 556
Common stock, $0.01 par value - 1,500,000,000 shares authorized, 469,754,771 shares issued 5 5
Additional paid-in capital 10,393 10,448
Retained earnings 12,503 12,077
Treasury stock, at cost - 24,468,484 and 25,205,283 shares (1,705) (1,774)
Accumulated other comprehensive loss, net of tax (77) (1,001)
Total Stockholders' equity 21,675 20,311
Total liabilities and stockholders' equity $ 317,469 $ 318,346