Life Policy and Investment Contract Reserves (Tables)

6 Months Ended

Jun. 30, 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 settlement policies 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)	June 30,		December 31,
	2012		2011
Ordinary/traditional life	$	719	$	691
Universal life		481		481
Deferred annuities		842		827
Structured settlements		197		198
Other		17		17
Total gross reserves	$	2,256	$	2,214