Variable Annuity and Insurance Guarantees (Tables)

12 Months Ended

Dec. 31, 2012

Variable Annuity and Insurance Guarantees

Schedule of variable annuity guarantees

	December 31, 2012								December 31, 2011
Variable Annuity Guarantees by Benefit Type(1)	Total Contract Value		Contract Value in Separate Accounts		Net Amount at Risk(2)		Weighted Average Attained Age		Total Contract Value		Contract Value in Separate Accounts		Net Amount at Risk(2)		Weighted Average Attained Age
	(in millions, except age)
GMDB:
Return of premium	$	45,697	$	43,942	$	61		63	$	40,011	$	38,275	$	382		63
Five/six-year reset		11,233		8,722		115		63		11,631		9,118		350		63
One-year ratchet		7,367		6,933		106		65		7,233		6,777		479		64
Five-year ratchet		1,616		1,563		3		61		1,472		1,418		25		61
Other		912		885		62		68		759		732		93		68
Total — GMDB	$	66,825	$	62,045	$	347		63	$	61,106	$	56,320	$	1,329		63
GGU death benefit	$	958	$	907	$	93		63	$	920	$	868	$	78		63
GMIB	$	425	$	399	$	72		66	$	463	$	433	$	106		65
GMWB:
GMWB	$	3,898	$	3,880	$	34		66	$	3,887	$	3,868	$	236		65
GMWB for life		28,588		28,462		263		64		23,756		23,625		863		64
Total — GMWB	$	32,486	$	32,342	$	297		64	$	27,643	$	27,493	$	1,099		64
GMAB	$	3,773	$	3,762	$	5		57	$	3,516	$	3,509	$	63		56

(1)

Individual variable annuity contracts may have more than one guarantee and therefore may be included in more than one benefit type. Variable annuity contracts for which the death benefit equals the account value are not shown in this table.

(2)

Represents the current guaranteed benefit amount in excess of the current contract value. GMIB, GMWB and GMAB benefits are subject to waiting periods and payment periods specified in the contract.

Schedule of changes in additional liabilities for variable annuity and insurance guarantees

	GMDB & GGU			GMIB			GMWB			GMAB			UL
	(in millions)
Balance at January 1, 2010	$	6		$	6		$	204		$	100		$	15
Incurred claims		17			3			133			4			59
Paid claims		(18	)		(1	)		—			—			(6	)
Balance at December 31, 2010		5			8			337			104			68
Incurred claims		10			2			1,040			133			53
Paid claims		(10	)		(1	)		—			—			(10	)
Balance at December 31, 2011		5			9			1,377			237			111
Incurred claims		6			1			(578	)		(134	)		57
Paid claims		(7	)		(1	)		—			—			(13	)
Balance at December 31, 2012	$	4		$	9		$	799		$	103		$	155

Schedule of separate account balances by asset type

	December 31,
	2012		2011
	(in millions)
Mutual funds:
Equity	$	32,054	$	30,738
Bond		26,165		23,862
Other		3,991		1,969
Total mutual funds	$	62,210	$	56,569