Future Policy Benefits and Claims and Separate Account Liabilities

3 Months Ended

Mar. 31, 2013

Future Policy Benefits and Claims and Separate Account Liabilities

Future Policy Benefits and Claims and Separate Account Liabilities

7.  Future Policy Benefits and Claims and Separate Account Liabilities

Future policy benefits and claims consisted of the following:

	March 31, 2013		December 31, 2012
	(in millions)
Fixed annuities	$	15,905	$	16,075
Equity indexed annuity (“EIA”) accumulated host values	29		31
EIA embedded derivatives	3		2
Variable annuity fixed sub-accounts	4,832		4,843
Variable annuity guaranteed minimum withdrawal benefits (“GMWB”)	319		799
Variable annuity guaranteed minimum accumulation benefits (“GMAB”)	23		103
Other variable annuity guarantees	13		13
Total annuities	21,124		21,866
Variable universal life (“VUL”)/universal life (“UL”) insurance	2,767		2,760
Indexed universal life (“IUL”) accumulated host values	74		59
IUL embedded derivatives	61		45
VUL/UL insurance additional liabilities	296		294
Other life, disability income and long term care insurance	5,657		5,646
Auto, home and other insurance	421		415
Policy claims and other policyholders’ funds	145		132
Total	$	30,545	$	31,217

Separate account liabilities consisted of the following:

	March 31, 2013		December 31, 2012
	(in millions)
Variable annuity variable sub-accounts	$	66,121	$	63,302
VUL insurance variable sub-accounts	6,368		6,051
Other insurance variable sub-accounts	43		42
Threadneedle investment liabilities	2,967		3,002
Total	$	75,499	$	72,397