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, 2018				December 31, 2017
	(in millions)
Policyholder account balances
Fixed annuities ⁽¹⁾	$	9,765			$	9,934
Variable annuity fixed sub-accounts	5,139				5,166
Variable universal life (“VUL”)/universal life (“UL”) insurance	3,041				3,047
Indexed universal life (“IUL”) insurance	1,469				1,384
Other life insurance	709				720
Total policyholder account balances	20,123				20,251

Future policy benefits
Variable annuity guaranteed minimum withdrawal benefits (“GMWB”)	202				463
Variable annuity guaranteed minimum accumulation benefits (“GMAB”)	(76		)	⁽²⁾	(80		)	⁽²⁾
Other annuity liabilities	31				78
Fixed annuity life contingent liabilities	1,473				1,484
Life and disability income insurance	1,217				1,221
Long term care insurance	4,860				4,896
VUL/UL and other life insurance additional liabilities	646				688
Total future policy benefits	8,353				8,750
Policy claims and other policyholders’ funds	888				903
Total policyholder account balances, future policy benefits and claims	$	29,364			$	29,904

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

⁽²⁾ Includes the fair value of GMAB embedded derivatives that was a net asset as of both March 31, 2018 and December 31, 2017 reported as a contra liability.

Separate account liabilities consisted of the following:



	March 31, 2018		December 31, 2017
	(in millions)
Variable annuity	$	73,592	$	75,174
VUL insurance	7,215		7,352
Other insurance	33		34
Threadneedle investment liabilities	5,007		4,808
Total	$	85,847	$	87,368