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&lt;p style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple;"&gt;&lt;b&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2"&gt;9.&amp;#160; Subsequent Event&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;
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&lt;p style="MARGIN: 0in 0in 0pt;"&gt;&lt;b&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2"&gt;Sale agreement&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;
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&lt;p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt;"&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2"&gt;On July&amp;#160;17, 2013, the Company entered into a definitive agreement with Resolution Life Holdings,&amp;#160;Inc. to sell Lincoln Benefit Life Company and its business generated through independent master brokerage agencies for $600 million.&amp;#160; The transaction is expected to close by December&amp;#160;31, 2013.&amp;#160; The transaction is subject to regulatory approvals and other customary closing conditions.&amp;#160; A loss on disposition estimated to be in the range of approximately $475 million to $525 million, after-tax, will be recorded in third quarter 2013.&amp;#160; The total reduction in shareholder&amp;#8217;s equity, including the impact to unrealized capital gains and losses, is estimated to be in the range of approximately $575 million to $675 million.&amp;#160; This transaction will meet the criteria for held-for-sale accounting beginning in third quarter 2013.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN: 0in 0in 0pt;"&gt;&amp;#160;&lt;/p&gt;
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