Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities (Tables)

6 Months Ended

Jun. 30, 2014

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

Policyholder Account Balances, Future Policy Benefits and Unpaid Claims Disclosure

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



	June 30, 2014			December 31, 2013
	(in millions)
Policyholder account balances
Fixed annuities	$	13,143		$	13,826
Variable annuity fixed sub-accounts	4,877			4,926
Variable universal life (“VUL”)/universal life (“UL”) insurance	2,821			2,790
Indexed universal life (“IUL”) insurance	418			315
Other life insurance	858			878
Total policyholder account balances	22,117			22,735
Future policy benefits
Variable annuity guaranteed minimum withdrawal benefits (“GMWB”)⁽¹⁾	(131		)	(383		)
Variable annuity guaranteed minimum accumulation benefits (“GMAB”)⁽¹⁾	(76		)	(62		)
Other annuity liabilities	126			76
Fixed annuities life contingent liabilities	1,520			1,523
Equity indexed annuities (“EIA”)	29			29
Life, disability income and long term care insurance	4,936			4,739
VUL/UL and other life insurance additional liabilities	405			336
Total future policy benefits	6,809			6,258
Policy claims and other policyholders’ funds	681			627
Total policyholder account balances, future policy benefits and claims	$	29,607		$	29,620

⁽¹⁾ Includes the value of GMWB and GMAB embedded derivatives that was a net asset at both June 30, 2014 and December 31, 2013 reported as a contra liability.

Schedule of Separate Account Liabilities by Policy Type

Separate account liabilities consisted of the following:



	June 30, 2014		December 31, 2013
	(in millions)
Variable annuity	$	72,771	$	70,687
VUL insurance	7,099		6,885
Other insurance	44		44
Threadneedle investment liabilities	4,113		3,607
Total	$	84,027	$	81,223