Life Policy and Investment Contract Reserves (Tables)

3 Months Ended

Mar. 31, 2012

Reserve in Addition to Account Balance, Based on Expected No-Lapse Guarantee Benefits and Expected Policy Assessments

We establish reserves for the company’s universal life, deferred annuity and structured settlements equal to the cumulative account balances, which include premium deposits plus credited interest less charges and withdrawals. Some of our universal life policies contain no-lapse guarantee provisions. For these policies, we establish a reserve in addition to the account balance, based on expected no-lapse guarantee benefits and expected policy assessments.

(In millions)	March 31,		December 31,
	2012		2011
Ordinary/traditional life	$	704	$	691
Universal life		485		481
Deferred annuities		837		827
Structured settlements		197		198
Other		17		17
Total gross reserves	$	2,240	$	2,214