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

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



	September 30, 2017				December 31, 2016
	(in millions)
Policyholder account balances
Fixed annuities ⁽¹⁾	$	10,100			$	10,588
Variable annuity fixed sub-accounts	5,187				5,211
Variable universal life (“VUL”)/universal life (“UL”) insurance	3,028				3,007
Indexed universal life (“IUL”) insurance	1,290				1,054
Other life insurance	731				758
Total policyholder account balances	20,336				20,618

Future policy benefits
Variable annuity guaranteed minimum withdrawal benefits (“GMWB”)	539				1,017
Variable annuity guaranteed minimum accumulation benefits (“GMAB”)	(73		)	⁽²⁾	(24		)	⁽²⁾
Other annuity liabilities	85				66
Fixed annuity life contingent liabilities	1,482				1,497
Life, disability income and long term care insurance	6,027				5,556
VUL/UL and other life insurance additional liabilities	674				588
Total future policy benefits	8,734				8,700
Policy claims and other policyholders’ funds	893				884
Total policyholder account balances, future policy benefits and claims	$	29,963			$	30,202

⁽¹⁾ Includes fixed deferred annuities, non-life contingent fixed payout annuities and equity indexed annuity (“EIA”) host contracts.

⁽²⁾ Includes the fair value of GMAB embedded derivatives that was a net asset as of both September 30, 2017 and December 31, 2016 reported as a contra liability.

Separate account liabilities consisted of the following:



	September 30, 2017		December 31, 2016
	(in millions)
Variable annuity	$	73,467	$	69,606
VUL insurance	7,154		6,659
Other insurance	33		33
Threadneedle investment liabilities	4,633		3,912
Total	$	85,287	$	80,210