VALUE OF BUSINESS ACQUIRED

12 Months Ended

Dec. 31, 2012

Value Of Business Acquired [Abstract]

Value Of Business Acquired

4)       VALUE OF BUSINESS ACQUIRED

The following table presents MLOA's VOBA asset at December 31, 2012 and 2011:

	Gross		Accumulated
	Carrying		Amortization
	Amount		and Other(1)		Net
	(In Millions)
VOBA
December 31, 2012	$	416	$	(313)	$	103
December 31, 2011	$	416	$	(319)	$	97

(1)Includes reactivity to unrealized investment gains (losses) and impact of the December 31, 2005 modified coinsurance (“MODCO”) recapture.

For 2012 and 2011, negative amortization expense related to VOBA was $(13)million and $(10) million. For 2010, amortization expense related to VOBA was $27 million. VOBA amortization is estimated to range between $19 million and $13 million annually through 2017.