Reinsurance (Tables)

6 Months Ended

Jun. 30, 2014

Effects of Reinsurance [Line Items]

GMDB reserve activity table

	For the period ended
	June 30,		December 31,
(In millions)	2014		2013
Balance at January 1	$	1,396	$	1,090
Add: Unpaid claims		18		24
Less: Reinsurance and other amounts recoverable		1,317		42
Balance at January 1, net		97		1,072
Add: Incurred benefits		2		699
Less: Paid benefits (including the $1,647 payment in 2013 for the Berkshire reinsurance transaction)		-		1,674
Ending balance, net		99		97
Less: Unpaid claims		19		18
Add: Reinsurance and other amounts recoverable		1,234		1,317
Ending balance	$	1,314	$	1,396

Effects of Reinsurance

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In millions)	2014		2013		2014		2013
Ceded premiums and fees
Individual life insurance and annuity business sold	$	44	$	45	$	89	$	91
Other		84		104		180		183
Total	$	128	$	149	$	269	$	274
Reinsurance recoveries
Individual life insurance and annuity business sold	$	69	$	94	$	168	$	182
Other		88		68		170		(194)
Total	$	157	$	162	$	338	$	(12)

Reinsurance Recoverables

(In millions)
	Line of Business	Reinsurer(s)	June 30, 2014		December 31, 2013		Collateral and Other Terms at June 30, 2014
	GMDB	Berkshire	$	1,195	$	1,276	100% secured by assets in a trust.
		Other		40		41	97% secured by assets in a trust or letter of credit.
	Individual Life and Annuity (sold)	Lincoln National Life and Lincoln Life &Annuity of New York		3,855		3,905	Both companies' ratings are sufficient to avoid triggering a contractual obligation to fully secure the outstanding balance.
	Retirement Benefits Business (sold)	Prudential Retirement Insurance and Annuity		1,148		1,200	100% secured by assets in a trust.
	Supplemental Benefits business	Great American Life		344		363	100% secured by assets in a trust.
	Global Health Care, Global Supplemental Benefits, Group Disability and Life	Various		444		407	Recoverables from more than 80 reinsurers used in the ordinary course of business. Balances range from less than $1 million up to $70 million, with 12% secured by assets in trusts or letters of credit.
	Other run-off reinsurance	Various		106		107	89% of this balance is secured by assets in a trust.
	Total reinsurance recoverables		$	7,132	$	7,299