<ARTICLE> 7 <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> DEC-31-1999 <DEBT-HELD-FOR-SALE> 17,035 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 153 <MORTGAGE> 200 <REAL-ESTATE> 0 <TOTAL-INVEST> 21,786 <CASH> 89 <RECOVER-REINSURE> 449 <DEFERRED-ACQUISITION> 4,210 <TOTAL-ASSETS> 139,033 <POLICY-LOSSES> 6,236 <UNEARNED-PREMIUMS> 48 <POLICY-OTHER> 16,873 <POLICY-HOLDER-FUNDS> 110,652 <NOTES-PAYABLE> 650 <PREFERRED-MANDATORY> 1 <PREFERRED> 250<F1> <COMMON> 0 <OTHER-SE> 2,305 <TOTAL-LIABILITY-AND-EQUITY> 139,033 <PREMIUMS> 3,979 <INVESTMENT-INCOME> 1,562 <INVESTMENT-GAINS> (5) <OTHER-INCOME> 0 <BENEFITS> 3,054 <UNDERWRITING-AMORTIZATION> 568 <UNDERWRITING-OTHER> 1,130 <INCOME-PRETAX> 686 <INCOME-TAX> 219 <INCOME-CONTINUING> 467 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 467 <EPS-BASIC> 3.34 <EPS-DILUTED> 3.33 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0 <FN> <F1>REPRESENTS COMPANY OBLIGATED MANDATORILY REDEEMABLE PREFERRED SECURITIES OF SUBSIDIARY TRUST HOLDING SOLELY PARENT JUNIOR SUBORDINATED DEBENTURES. </FN>