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

3 Months Ended

Mar. 31, 2015

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

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Text Block]

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, 2015			December 31, 2014
	(in millions)
Policyholder account balances
Fixed annuities	$	12,216		$	12,700
Variable annuity fixed sub-accounts	4,849			4,860
Variable universal life (“VUL”)/universal life (“UL”) insurance	2,858			2,856
Indexed universal life (“IUL”) insurance	590			534
Other life insurance	826			840
Total policyholder account balances	21,339			21,790
Future policy benefits
Variable annuity guaranteed minimum withdrawal benefits (“GMWB”)	1,040			693
Variable annuity guaranteed minimum accumulation benefits (“GMAB”) (1)	(35		)	(41		)
Other annuity liabilities	124			115
Fixed annuities life contingent liabilities	1,502			1,511
Equity indexed annuities (“EIA”)	29			29
Life, disability income and long term care insurance	5,277			5,106
VUL/UL and other life insurance additional liabilities	463			437
Total future policy benefits	8,400			7,850
Policy claims and other policyholders’ funds	743			710
Total policyholder account balances, future policy benefits and claims	$	30,482		$	30,350

⁽¹⁾  Includes the value of GMAB embedded derivatives that was a net asset at both March 31, 2015 and December 31, 2014 reported as a contra liability.

Separate account liabilities consisted of the following:

	March 31, 2015		December 31, 2014
	(in millions)
Variable annuity	$	73,087	$	72,125
VUL insurance	7,110		7,016
Other insurance	37		37
Threadneedle investment liabilities	4,009		4,078
Total	$	84,243	$	83,256