Information regarding the Company’s guarantee exposure, which includes direct and assumed business, but excludes offsets from hedging or ceded reinsurance, if any, was as follows at:



	March 31, 2016								December 31, 2015
	In the Event of Death				At Annuitization				In the Event of Death				At Annuitization
	(In millions)
Annuity Contracts (1)
Variable Annuity Guarantees
Total account value (2), (3)	$	180,216			$	90,785			$	181,413			$	91,240
Separate account value	$	150,726			$	87,235			$	151,901			$	87,841
Net amount at risk (2)	$	10,475	(4	)	$	3,412	(5	)	$	10,339	(4	)	$	2,762	(5	)
Average attained age of contractholders	67 years				66 years				66 years				66 years
Other Annuity Guarantees
Total account value (3)	N/A				$	1,583			N/A				$	1,560
Net amount at risk	N/A				$	425	(6	)	N/A				$	422	(6	)
Average attained age of contractholders	N/A				51 years				N/A				51 years



	March 31, 2016				December 31, 2015
	Secondary Guarantees		Paid-Up Guarantees		Secondary Guarantees		Paid-Up Guarantees
	(In millions)
Universal and Variable Life Contracts (1)
Total account value (3)	$	16,818	$	3,428	$	17,211	$	3,461
Net amount at risk (7)	$	176,200	$	18,718	$	175,958	$	19,047
Average attained age of policyholders	57 years		62 years		57 years		62 years

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(1)	The Company’s annuity and life contracts with guarantees may offer more than one type of guarantee in each contract. Therefore, the amounts listed above may not be mutually exclusive.


(2)	Includes amounts, which are not reported on the consolidated balance sheets, from assumed reinsurance of certain variable annuity products from the Company’s former operating joint venture in Japan.


(3)	Includes the contractholder’s investments in the general account and separate account, if applicable.


(4)	Defined as the death benefit less the total account value, as of the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts on the balance sheet date and includes any additional contractual claims associated with riders purchased to assist with covering income taxes payable upon death.

(5)

Defined as the amount (if any) that would be required to be added to the total account value to purchase a lifetime income stream, based on current annuity rates, equal to the minimum amount provided under the guaranteed benefit. This amount represents the Company’s potential economic exposure to such guarantees in the event all contractholders were to annuitize on the balance sheet date, even though the contracts contain terms that allow annuitization of the guaranteed amount only after the 10th anniversary of the contract, which not all contractholders have achieved.

(6)

Defined as either the excess of the upper tier, adjusted for a profit margin, less the lower tier, as of the balance sheet date or the amount (if any) that would be required to be added to the total account value to purchase a lifetime income stream, based on current annuity rates, equal to the minimum amount provided under the guaranteed benefit. These amounts represent the Company’s potential economic exposure to such guarantees in the event all contractholders were to annuitize on the balance sheet date.


(7)	Defined as the guarantee amount less the account value, as of the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts on the balance sheet date.