Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities

Policyholder account balances, future policy benefits and claims consisted of the following:



	March 31, 2014			December 31, 2013
	(in millions)
Policyholder account balances
Fixed annuities	$	13,511		$	13,826
Variable annuity fixed sub-accounts	4,892			4,926
Variable universal life (“VUL”)/universal life (“UL”) insurance	2,798			2,790
Indexed universal life (“IUL”) insurance	363			315
Other life insurance	868			878
Total policyholder account balances	22,432			22,735
Future policy benefits
Variable annuity GMWB⁽¹⁾	(267		)	(383		)
Variable annuity GMAB⁽¹⁾	(69		)	(62		)
Other annuity liabilities	103			76
Fixed annuities life contingent liabilities	1,517			1,523
Equity indexed annuities (“EIA”)	28			29
Life, disability income and long term care insurance	4,845			4,739
VUL/UL and other life insurance additional liabilities	373			336
Total future policy benefits	6,530			6,258
Policy claims and other policyholders’ funds	663			627
Total policyholder account balances, future policy benefits and claims	$	29,625		$	29,620

⁽¹⁾ Includes the value of GMWB and GMAB embedded derivatives which was a net asset at both March 31, 2014 and December 31, 2013 and the amount is reported as a contra liability.

Separate account liabilities consisted of the following:



	March 31, 2014		December 31, 2013
	(in millions)
Variable annuity	$	71,072	$	70,687
VUL insurance	6,918		6,885
Other insurance	43		44
Threadneedle investment liabilities	3,839		3,607
Total	$	81,872	$	81,223