Fair Value Measurements - Financial Instruments Excluding Guaranteed Living Benefits (Tables)

6 Months Ended

Jun. 30, 2011

Fair Value Measurements - Financial Instruments Excluding Guaranteed Living Benefits

Assets and (liabilities) carried at fair value by hierarchy level, excluding Company's living benefits and associated hedging programs

	June 30, 2011
				Quoted Prices
				in Active			Significant			Significant
				Markets for			Observable			Unobservable
				Identical Assets			Inputs			Inputs
	Total			(Level 1)			(Level 2)			(Level 3)
Assets accounted for at fair value on a recurring basis
Fixed maturities, AFS
ABS	$	3,297		$	—		$	2,845		$	452
CDOs		2,575			—			—			2,575
CMBS		7,277			—			6,623			654
Corporate		41,629			—			39,519			2,110
Foreign government/government agencies		1,864			—			1,813			51
States, municipalities and political subdivisions (“Municipal”)		12,781			—			12,501			280
RMBS		5,214			—			4,100			1,114
U.S. Treasuries		3,495			411			3,084			—
Total fixed maturities, AFS		78,132			411			70,485			7,236
Fixed maturities, FVO		1,227			—			671			556
Equity securities, trading		32,278			2,227			30,051			—
Equity securities, AFS		1,081			377			604			100
Derivative assets
Credit derivatives		(3	)		—			(17	)		14
Equity derivatives		3			—			—			3
Foreign exchange derivatives		428			—			428			—
Interest rate derivatives		23			—			(25	)		48
Other derivative contracts		30			—			—			30
Total derivative assets [1]		481			—			386			95
Short-term investments		8,861			327			8,534			—
Separate account assets [2]		153,140			116,044			36,028			1,068
Total assets accounted for at fair value on a recurring basis	$	275,200		$	119,386		$	146,759		$	9,055
Percentage of level to total		100	%		43	%		54	%		3	%
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
Equity linked notes	$	(10	)	$	—		$	—		$	(10	)
Derivative liabilities
Credit derivatives		(478	)		—			(62	)		(416	)
Equity derivatives		3			—			—			3
Foreign exchange derivatives		214			—			214			—
Interest rate derivatives		(254	)		—			(213	)		(41	)
Total derivative liabilities [3]		(515	)		—			(61	)		(454	)
Other liabilities		(44	)		—			—			(44	)
Consumer notes [4]		(4	)		—			—			(4	)
Total liabilities accounted for at fair value on a recurring basis	$	(573	)	$	—		$	(61	)	$	(512	)

[1]	Includes over-the-counter derivative instruments in a net asset value position which may require the counterparty to pledge collateral to the Company. As of June 30, 2011, $410 of a cash collateral liability was netted against the derivative asset value in the Condensed Consolidated Balance Sheet and is excluded from the table above. See footnote 3 below for derivative liabilities.
[2]	As of June 30, 2011, excludes approximately $4 billion of investment sales receivable that are not subject to fair value accounting.
[3]	Includes over-the-counter derivative instruments in a net negative market value position (derivative liability). In the Level 3 roll-forward table included below in this Note 4, the derivative asset and liability are referred to as “freestanding derivatives” and are presented on a net basis.
[4]	Represents embedded derivatives associated with non-funding agreement-backed consumer equity linked notes.

	December 31, 2010
				Quoted Prices in
				Active Markets			Significant			Significant
				for Identical			Observable			Unobservable
				Assets			Inputs			Inputs
	Total			(Level 1)			(Level 2)			(Level 3)
Assets accounted for at fair value on a recurring basis
Fixed maturities, AFS
ABS	$	2,889		$	—		$	2,412		$	477
CDOs		2,611			—			30			2,581
CMBS		7,917			—			7,228			689
Corporate		39,884			—			37,755			2,129
Foreign government/government agencies		1,683			—			1,627			56
Municipal		12,124			—			11,852			272
RMBS		5,683			—			4,398			1,285
U.S. Treasuries		5,029			434			4,595			—
Total fixed maturities, AFS		77,820			434			69,897			7,489
Fixed maturities, FVO		649			—			127			522
Equity securities, trading		32,820			2,279			30,541			—
Equity securities, AFS		973			298			521			154
Derivative assets
Credit derivatives		3			—			(18	)		21
Equity derivatives		2			—			—			2
Foreign exchange derivatives		868			—			868			—
Interest rate derivatives		(106	)		—			(70	)		(36	)
Other derivative contracts		32			—			—			32
Total derivative assets [1]		799			—			780			19
Short-term investments		8,528			541			7,987			—
Separate account assets [2]		153,727			116,717			35,763			1,247
Total assets accounted for at fair value on a recurring basis	$	275,316		$	120,269		$	145,616		$	9,431
Percentage of level to total		100	%		44	%		53	%		3	%
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
Equity linked notes	$	(9	)	$	—		$	—		$	(9	)
Derivative liabilities
Credit derivatives		(482	)		—			(71	)		(411	)
Equity derivatives		2			—			—			2
Foreign exchange derivatives		(34	)		—			(34	)		—
Interest rate derivatives		(266	)		—			(249	)		(17	)
Total derivative liabilities [3]		(780	)		—			(354	)		(426	)
Other liabilities		(37	)		—			—			(37	)
Consumer notes [4]		(5	)		—			—			(5	)
Total liabilities accounted for at fair value on a recurring basis	$	(831	)	$	—		$	(354	)	$	(477	)

[1]	Includes over-the-counter derivative instruments in a net asset value position which may require the counterparty to pledge collateral to the Company. As of December 31, 2010, $968 of cash collateral liability was netted against the derivative asset value in the Condensed Consolidated Balance Sheet and is excluded from the table above. See footnote 3 below for derivative liabilities.
[2]	As of December 31, 2010, excludes approximately $6 billion of investment sales receivable that are not subject to fair value accounting.
[3]	Includes over-the-counter derivative instruments in a net negative market value position (derivative liability). In the Level 3 roll-forward table included below in this Note 4, the derivative asset and liability are referred to as “freestanding derivatives” and are presented on a net basis.
[4]	Represents embedded derivatives associated with non-funding agreement-backed consumer equity linked notes.

Roll-forward of Financial Instruments Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

For the three months ended June 30, 2011

	Fixed Maturities, AFS
													Foreign									Total Fixed
													govt./govt.									Maturities,
Assets	ABS			CDOs			CMBS			Corporate			agencies			Municipal			RMBS			AFS
Fair value as of March 31, 2011	$	446		$	2,674		$	741		$	2,096		$	63		$	276		$	1,124		$	7,420
Total realized/unrealized gains (losses)
Included in net income [1]		(1	)		—			13			(6	)		—			—			—			6
Included in OCI [2]		17			10			34			27			1			9			(16	)		82
Purchases		—			—			—			35			—			—			25			60
Settlements		(7	)		(43	)		(20	)		(42	)		(1	)		—			(33	)		(146	)
Sales		(2	)		(66	)		(193	)		(61	)		(3	)		(2	)		—			(327	)
Transfers into Level 3 [3]		19			—			79			78			—			—			14			190
Transfers out of Level 3 [3]		(20	)		—			—			(17	)		(9	)		(3	)		—			(49	)
Fair value as of June 30, 2011	$	452		$	2,575		$	654		$	2,110		$	51		$	280		$	1,114		$	7,236
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2011 [1]	$	(1	)	$	—		$	13		$	(6	)	$	—		$	—		$	—		$	6

							Freestanding Derivatives [4]
	Fixed			Equity								Interest			Other			Total Free-
	Maturities			Securities,			Credit			Equity		Rate			Derivative			Standing			Separate
Assets	FVO			AFS			Derivatives			Derivatives		Derivatives			Contracts			Derivatives			Accounts
Fair value as of March 31, 2011	$	579		$	80		$	(382	)	$	5	$	9		$	31		$	(337	)	$	1,207
Total realized/unrealized gains (losses)
Included in net income [1]		(22	)		—			(17	)		1		(2	)		(1	)		(19	)		5
Included in OCI [2]		—			2			—			—		—			—			—			—
Purchases		—			24			—			—		—			—			—			(94	)
Settlements		(1	)		—			(3	)		—		—			—			(3	)		—
Sales		—			(1	)		—			—		—			—			—			(22	)
Transfers into Level 3 [3]		—			—			—			—		—			—			—			3
Transfers out of Level 3 [3]		—			(5	)		—			—		—			—			—			(31	)
Fair value as of June 30, 2011	$	556		$	100		$	(402	)	$	6	$	7		$	30		$	(359	)	$	1,068
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2011 [1]	$	(22	)	$	—		$	(19	)	$	1	$	(2	)	$	(1	)	$	(21	)	$	4

Liabilities	Equity Linked Notes			Other Liabilities			Consumer Notes
Fair value as of March 31, 2011	$	(10	)	$	(51	)	$	(5	)
Total realized/unrealized gains (losses)
Included in net income [1]		—			7			1
Fair value as of June 30, 2011	$	(10	)	$	(44	)	$	(4	)
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2011 [1]	$	—		$	7		$	1

For the six months ended June 30, 2011

	Fixed Maturities, AFS
													Foreign									Total Fixed
													govt./govt.									Maturities,
Assets	ABS			CDOs			CMBS			Corporate			agencies			Municipal			RMBS			AFS
Fair value as of January 1, 2011	$	477		$	2,581		$	689		$	2,129		$	56		$	272		$	1,285		$	7,489
Total realized/unrealized gains (losses)
Included in net income [1]		(6	)		(15	)		11			(28	)		—			—			(9	)		(47	)
Included in OCI [2]		37			123			147			19			1			9			25			361
Purchases		—			—			—			52			2			—			25			79
Settlements		(18	)		(78	)		(30	)		(73	)		(2	)		—			(67	)		(268	)
Sales		(2	)		(66	)		(315	)		(134	)		(5	)		(2	)		(16	)		(540	)
Transfers into Level 3 [3]		68			30			152			273			11			4			14			552
Transfers out of Level 3 [3]		(104	)		—			—			(128	)		(12	)		(3	)		(143	)		(390	)
Fair value as of June 30, 2011	$	452		$	2,575		$	654		$	2,110		$	51		$	280		$	1,114		$	7,236
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2011 [1]	$	(6	)	$	(15	)	$	11		$	(28	)	$	—		$	—		$	(9	)	$	(47	)

							Freestanding Derivatives [4]
	Fixed			Equity								Interest			Other			Total Free-
	Maturities			Securities,			Credit			Equity		Rate			Derivative			Standing			Separate
Assets	FVO			AFS			Derivatives			Derivatives		Derivatives			Contracts			Derivatives			Accounts
Fair value as of January 1, 2011	$	522		$	154		$	(390	)	$	4	$	(53	)	$	32		$	(407	)	$	1,247
Total realized/unrealized gains (losses)
Included in net income [1]		36			(10	)		(6	)		2		(5	)		(2	)		(11	)		24
Included in OCI [2]		—			1			—			—		—			—			—			—
Purchases		—			37			1			—		64			—			65			34
Settlements		(2	)		—			(7	)		—		1			—			(6	)		—
Sales		—			(1	)		—			—		—			—			—			(169	)
Transfers into Level 3 [3]		—			—			—			—		—			—			—			12
Transfers out of Level 3 [3]		—			(81	)		—			—		—			—			—			(80	)
Fair value as of June 30, 2011	$	556		$	100		$	(402	)	$	6	$	7		$	30		$	(359	)	$	1,068
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2011 [1]	$	36		$	(10	)	$	(8	)	$	2	$	(3	)	$	(2	)	$	(11	)	$	1

Liabilities	Equity Linked Notes			Other Liabilities			Consumer Notes
Fair value as of January 1, 2011	$	(9	)	$	(37	)	$	(5	)
Total realized/unrealized gains (losses)
Included in net income [1]		—			(7	)		1
Settlements		(1	)		—			—
Fair value as of June 30, 2011	$	(10	)	$	(44	)	$	(4	)
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2011 [1]	$	—		$	(7	)	$	1

For the three months ended June 30, 2010

	Fixed Maturities, AFS
													Foreign									Total Fixed
													govt./ govt.									Maturities,
Assets	ABS			CDOs			CMBS			Corporate			agencies			Municipal			RMBS			AFS
Fair value as of March 31, 2010	$	533		$	2,749		$	442		$	8,612		$	59		$	322		$	1,174		$	13,891
Total realized/unrealized gains (losses)
Included in net income [1]		(3	)		(22	)		(42	)		6			—			—			(21	)		(82	)
Included in OCI [2]		15			105			189			103			—			16			75			503
Purchases, issuances, and settlements		(13	)		(48	)		(17	)		61			(2	)		(21	)		238			198
Transfers into Level 3 [3]		28			11			139			174			—			—			—			352
Transfers out of Level 3 [3]		(12	)		(17	)		(59	)		(140	)		(6	)		—			—			(234	)
Fair value as of June 30, 2010	$	548		$	2,778		$	652		$	8,816		$	51		$	317		$	1,466		$	14,628
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2010 [1]	$	(4	)	$	(28	)	$	(39	)	$	2		$	—		$	—		$	(16	)	$	(85	)

				Freestanding Derivatives [4]
	Equity									Interest			Other		Total Free-
	Securities,			Credit			Equity			Rate			Derivative		Standing			Separate
Assets	AFS			Derivatives			Derivatives			Derivatives			Contracts		Derivatives			Accounts
Fair value as of March 31, 2010	$	65		$	(491	)	$	(1	)	$	(6	)	$	35	$	(463	)	$	955
Total realized/unrealized gains (losses)
Included in net income [1]		(1	)		(47	)		1			1			—		(45	)		(2	)
Included in OCI [2]		2			—			—			—			—		—			—
Purchases, issuances, and settlements		8			5			—			(44	)		—		(39	)		5
Transfers into Level 3 [3]		6			—			—			—			—		—			(2	)
Transfers out of Level 3 [3]		—			—			—			—			—		—			(19	)
Fair value as of June 30, 2010	$	80		$	(533	)	$	—		$	(49	)	$	35	$	(547	)	$	937
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2010 [1]	$	(4	)	$	(47	)	$	1		$	(20	)	$	—	$	(66	)	$	9

	Other Policyholder Funds and Benefits Payable
							Total Other
	Institutional			Equity Linked			Policyholder Funds
Liabilities	Notes			Notes			and Benefits Payable			Other Liabilities			Consumer Notes
Fair value as of March 31, 2010	$	(7	)	$	(9	)	$	(16	)	$	(22	)	$	(5	)
Total realized/unrealized gains (losses)
Included in net income [1]		9			2			11			6			1
Fair Value as of June 30, 2010	$	2		$	(7	)	$	(5	)	$	(16	)	$	(4	)
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2010 [1]	$	9		$	2		$	11		$	—		$	1

For the six months ended June 30, 2010

	Fixed Maturities, AFS
													Foreign									Total Fixed
													govt./ govt.									Maturities,
Assets	ABS			CDOs			CMBS			Corporate			agencies			Municipal			RMBS			AFS
Fair value as of January 1, 2010	$	580		$	2,835		$	307		$	8,027		$	93		$	262		$	1,153		$	13,257
Total realized/unrealized gains (losses)
Included in net income [1]		(3	)		(85	)		(114	)		8			—			—			(34	)		(228	)
Included in OCI [2]		43			320			275			232			2			34			164			1,070
Purchases, issuances, and settlements		(23	)		(67	)		(23	)		277			(8	)		25			206			387
Transfers into Level 3 [3]		28			27			266			510			6			—			—			837
Transfers out of Level 3 [3]		(77	)		(252	)		(59	)		(238	)		(42	)		(4	)		(23	)		(695	)
Fair value as of June 30, 2010	$	548		$	2,778		$	652		$	8,816		$	51		$	317		$	1,466		$	14,628
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2010 [1]	$	(4	)	$	(91	)	$	(110	)	$	2		$	—		$	—		$	(29	)	$	(232	)

				Freestanding Derivatives [4]
	Equity									Interest			Other			Total Free-
	Securities,			Credit			Equity			Rate			Derivative			Standing			Separate
Assets	AFS			Derivatives			Derivatives			Derivatives			Contracts			Derivatives			Accounts
Fair value as of January 1, 2010	$	58		$	(228	)	$	(2	)	$	5		$	36		$	(189	)	$	962
Total realized/unrealized gains (losses)
Included in net income [1]		(2	)		(20	)		2			1			(1	)		(18	)		16
Included in OCI [2]		9			—			—			—			—			—			—
Purchases, issuances, and settlements		9			5			—			(44	)		—			(39	)		82
Transfers into Level 3 [3]		6			(290	)		—			—			—			(290	)		4
Transfers out of Level 3 [3]		—			—			—			(11	)		—			(11	)		(127	)
Fair value as of June 30, 2010	$	80		$	(533	)	$	—		$	(49	)	$	35		$	(547	)	$	937
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2010 [1]	$	(5	)	$	(20	)	$	2		$	(20	)	$	(1	)	$	(39	)	$	13

	Other Policyholder Funds and Benefits Payable
							Total Other
	Institutional			Equity Linked			Policyholder Funds
Liabilities	Notes			Notes			and Benefits Payable			Other Liabilities			Consumer Notes
Fair value as of January 1, 2010	$	(2	)	$	(10	)	$	(12	)	$	—		$	(5	)
Total realized/unrealized gains (losses)
Included in net income [1]		4			3			7			(5	)		1
Transfers into Level 3 [3]		—			—			—			(11	)		—
Fair Value as of June 30, 2010	$	2		$	(7	)	$	(5	)	$	(16	)	$	(4	)
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2010 [1]	$	4		$	3		$	7		$	—		$	1

[1]	All amounts in these rows are reported in net realized capital gains/losses. The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization of deferred policy acquisition costs and present value of future profits (“DAC”).
[2]	All amounts are before income taxes and amortization of DAC.
[3]	Transfers in and/or (out) of Level 3 are primarily attributable to the availability of market observable information and the re-evaluation of the observability of pricing inputs.
[4]	Derivative instruments are reported in this table on a net basis for asset/(liability) positions and reported in the Condensed Consolidated Balance Sheet in other investments and other liabilities.

Changes in fair value of assets and liabilities accounted for using the fair value option

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(Before-tax)	2011			2010			2011			2010
Assets
Fixed maturities, FVO
Corporate	$	2		$	1		$	14		$	2
CRE CDOs		(25	)		(4	)		21			(4	)
Foreign government		17			—			11			—
Other liabilities
Credit-linked notes		7			6			(7	)		(5	)
Total realized capital gains (losses)	$	1		$	3		$	39		$	(7	)

Fair value of assets and liabilities accounted for using the fair value option

Assets	June 30, 2011		December 31, 2010
Fixed maturities, FVO
ABS	$	65	$	65
CRE CDOs		290		270
Corporate		267		250
Foreign government		605		64
Total fixed maturities, FVO	$	1,227	$	649
Other liabilities
Credit-linked notes [1]	$	44	$	37

[1] As of June 30, 2011 and December 31, 2010, the outstanding principal balance of the notes was $243.

Financial Instruments Not Carried at Fair Value

	June 30, 2011				December 31, 2010
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Assets
Mortgage loans	$	5,304	$	5,393	$	4,489	$	4,524
Policy loans		2,188		2,318		2,181		2,294
Liabilities
Other policyholder funds and benefits payable [1]	$	10,837	$	11,141	$	11,155	$	11,383
Senior notes [2]		4,880		5,167		4,880		5,072
Junior subordinated debentures [2]		1,734		2,634		1,727		2,596
Consumer notes [3]		364		377		377		392

[1]	Excludes guarantees on variable annuities, group accident and health and universal life insurance contracts, including corporate owned life insurance.
[2]	Included in long-term debt in the Condensed Consolidated Balance Sheets, except for current maturities, which are included in short-term debt.
[3]	Excludes amounts carried at fair value and included in disclosures above.

Fair Value Measurements Guaranteed Living Benefits

Assets and (liabilities) related to the guaranteed living benefits program carried at fair value

	June 30, 2011
				Quoted Prices
				in Active		Significant			Significant
				Markets for		Observable			Unobservable
				Identical Assets		Inputs			Inputs
	Total			(Level 1)		(Level 2)			(Level 3)
Assets accounted for at fair value on a recurring basis
Variable annuity hedging derivatives	$	144		$	—	$	(33	)	$	177
Macro hedge program		265			—		88			177
Reinsurance recoverable for U.S. GMWB		237			—		—			237
Total assets accounted for at fair value on a recurring basis	$	646		$	—	$	55		$	591
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
U.S. guaranteed withdrawal benefits	$	(1,420	)	$	—	$	—		$	(1,420	)
International guaranteed withdrawal benefits		(30	)		—		—			(30	)
Variable annuity hedging derivatives		285			—		(86	)		371
Macro hedge program		206			—		126			80
Total liabilities accounted for at fair value on a recurring basis	$	(959	)	$	—	$	40		$	(999	)

	December 31, 2010
				Quoted Prices
				in Active			Significant			Significant
				Markets for			Observable			Unobservable
				Identical Assets			Inputs			Inputs
	Total			(Level 1)			(Level 2)			(Level 3)
Assets accounted for at fair value on a recurring basis
Variable annuity hedging derivatives	$	339		$	—		$	(122	)	$	461
Macro hedge program		386			2			176			208
Reinsurance recoverable for U.S. GMWB		280			—			—			280
Total assets accounted for at fair value on a recurring basis	$	1,005		$	2		$	54		$	949
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
U.S. guaranteed withdrawal benefits	$	(1,611	)	$	—		$	—		$	(1,611	)
International guaranteed withdrawal benefits		(36	)		—			—			(36	)
International other guaranteed living benefits		3			—			—			3
Variable annuity hedging derivatives		128			—			(11	)		139
Macro hedge program		(2	)		(2	)		—			—
Total liabilities accounted for at fair value on a recurring basis	$	(1,518	)	$	(2	)	$	(11	)	$	(1,505	)

Roll-forward of Financial Instruments related to the Guaranteed Living Benefits Program Measured at Fair Value on a Recurring Basis

For the three months ended June 30, 2011

	Variable Annuity Hedging Derivatives [5]
						Total Variable Annuity
Asset/(liability)	Levels 1 and 2			Level 3		Hedging Derivatives
Fair value as of March 31, 2011	$	(142	)	$	488	$	346
Total realized/unrealized gains (losses)
Included in net income [1],[2],[6]		(17	)		60		43
Settlements[3]		40			—		40
Fair value as of June 30, 2011	$	(119	)	$	548	$	429
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2011 [1], [2], [4]				$	52

									Total Guaranteed
						International			Withdrawal Benefits
	Reinsurance		U.S. Guaranteed			Guaranteed			Net of Reinsurance
	Recoverable		Withdrawal			Withdrawal			and Hedging
Asset/(liability)	for GMWB		Benefits – Level 3			Benefits – Level 3			Derivatives
Fair value as of March 31, 2011	$	224	$	(1,301	)	$	(23	)	$	(754	)
Total realized/unrealized gains (losses)
Included in net income [1],[2],[6]		4		(80	)		(4	)		(37	)
Settlements[3]		9		(39	)		(3	)		7
Fair value as of June 30, 2011	$	237	$	(1,420	)	$	(30	)	$	(784	)
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2011 [1], [2], [4]	$	4	$	(80	)	$	(4	)

	Macro Hedge Program [5]								International Other
							Total Macro		Guaranteed Living
Asset/(liability)	Levels 1 and 2			Level 3			Hedge Program		Benefits – Level 3
Fair value as of March 31, 2011	$	(92	)	$	125		$	33	$	3
Total realized/unrealized gains (losses)
Included in net income [1],[2],[6]		53			(18	)		35		(2	)
Purchases [3]		99			185			284		—
Settlements[3]		154			(35	)		119		(1	)
Fair value as of June 30, 2011	$	214		$	257		$	471	$	—
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2011 [1], [2], [4]				$	(3	)			$	(2	)

For the six months ended June 30, 2011

	Variable Annuity Hedging Derivatives [5]
							Total Variable Annuity
Asset/(liability)	Levels 1 and 2			Level 3			Hedging Derivatives
Fair value as of January 1, 2011	$	(133	)	$	600		$	467
Total realized/unrealized gains (losses)
Included in net income [1],[2],[6]		(125	)		(59	)		(184	)
Purchases [3]		—			23			23
Settlements[3]		139			(16	)		123
Fair value as of June 30, 2011	$	(119	)	$	548		$	429
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2011 [1], [2], [4]				$	(61	)

										Total Guaranteed
							International			Withdrawal Benefits
	Reinsurance			U.S. Guaranteed			Guaranteed			Net of Reinsurance
	Recoverable			Withdrawal			Withdrawal			and Hedging
Asset/(liability)	for GMWB			Benefits – Level 3			Benefits – Level 3			Derivatives
Fair value as of January 1, 2011	$	280		$	(1,611	)	$	(36	)	$	(900	)
Total realized/unrealized gains (losses)
Included in net income [1],[2],[6]		(61	)		268			11			34
Purchases [3]		—			—			—			23
Settlements[3]		18			(77	)		(5	)		59
Fair value as of June 30, 2011	$	237		$	(1,420	)	$	(30	)	$	(784	)
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2011 [1], [2], [4]	$	(61	)	$	268		$	11

	Macro Hedge Program [5]
										International Other
							Total Macro			Guaranteed Living
Asset/(liability)	Levels 1 and 2			Level 3			Hedge Program			Benefits – Level 3
Fair value as of January 1, 2011	$	176		$	208		$	384		$	3
Total realized/unrealized gains (losses)
Included in net income [1],[2],[6]		(221	)		(101	)		(322	)		(1	)
Purchases [3]		99			185			284			—
Settlements[3]		160			(35	)		125		(2	)
Fair value as of June 30, 2011	$	214		$	257		$	471		$	—
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2011 [1], [2], [4]				$	(85	)				$	(1	)

For the three months ended June 30, 2010

	Variable Annuity Hedging Derivatives [5]
						Total Variable Annuity
Asset/(liability)	Levels 1 and 2			Level 3		Hedging Derivatives
Fair value as of March 31, 2010	$	(166	)	$	311	$	145
Total realized/unrealized gains (losses)
Included in net income [1],[2],[6]		208			617		825
Purchases, issuances, and settlements [3]		(133	)		—		(133	)
Fair value as of June 30, 2010	$	(91	)	$	928	$	837
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2010 [1], [2],[4]				$	617

									Total Guaranteed
						International			Withdrawal Benefits
	Reinsurance		U.S. Guaranteed			Guaranteed			Net of Reinsurance
	Recoverable		Withdrawal			Withdrawal			and Hedging
Asset/(liability)	for GMWB		Benefits – Level 3			Benefits – Level 3			Derivatives
Fair value as of March 31, 2010	$	295	$	(1,655	)	$	(31	)	$	(1,246	)
Total realized/unrealized gains (losses)
Included in net income [1],[2],[6]		246		(1,458	)		(39	)		(426	)
Included in OCI [2]		—		—			(1	)		(1	)
Purchases, issuances, and settlements [3]		9		(35	)		(1	)		(160	)
Fair value as of June 30, 2010	$	550	$	(3,148	)	$	(72	)	$	(1,833	)
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2010 [1], [2], [4]	$	246	$	(1,458	)	$	(39	)

	Macro Hedge Program [5]						International Other
					Total Macro		Guaranteed Living
Asset/(liability)	Levels 1 and 2		Level 3		Hedge Program		Benefits – Level 3
Fair Value as of March 31, 2010	$	54	$	151	$	205	$	4
Total realized/unrealized gains (losses)
Included in net income [1],[2],[6]		117		280		397		(5	)
Purchases, issuances, and settlements [3]		19		232		251		—
Fair value as of June 30, 2010	$	190	$	663	$	853	$	(1	)
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2010 [1], [2],[4]			$	300			$	(5	)

For the six months ended June 30, 2010

	Variable Annuity Hedging Derivatives [5]
						Total Variable Annuity
Asset/(liability)	Levels 1 and 2			Level 3		Hedging Derivatives
Fair value as of January 1, 2010	$	(184	)	$	236	$	52
Total realized/unrealized gains (losses)
Included in net income [1],[2],[6]		123			539		662
Purchases, issuances, and settlements [3]		(30	)		153		123
Fair value as of June 30, 2010	$	(91	)	$	928	$	837
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2010 [1], [2],[4]				$	502

									Total Guaranteed
						International			Withdrawal Benefits
	Reinsurance		U.S. Guaranteed			Guaranteed			Net of Reinsurance
	Recoverable		Withdrawal			Withdrawal			and Hedging
Asset/(liability)	for GMWB		Benefits – Level 3			Benefits – Level 3			Derivatives
Fair value as of January 1, 2010	$	347	$	(1,957	)	$	(45	)	$	(1,603	)
Total realized/unrealized gains (losses)
Included in net income [1],[2],[6]		185		(1,120	)		(24	)		(297	)
Purchases, issuances, and settlements [3]		18		(71	)		(3	)		67
Fair value as of June 30, 2010	$	550	$	(3,148	)	$	(72	)	$	(1,833	)
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2010 [1], [2], [4]	$	185	$	(1,120	)	$	(24	)

	Macro Hedge Program [5]						International Other
					Total Macro		Guaranteed Living
Asset/(liability)	Levels 1 and 2		Level 3		Hedge Program		Benefits – Level 3
Fair Value as of January 1, 2010	$	28	$	290	$	318	$	2
Total realized/unrealized gains (losses)
Included in net income [1],[2],[6]		92		141		233		(2	)
Purchases, issuances, and settlements [3]		70		232		302		(1	)
Fair value as of June 30, 2010	$	190	$	663	$	853	$	(1	)
Changes in unrealized gains (losses) included in net income related to financial instruments still held at June 30, 2010 [1], [2],[4]			$	161			$	(2	)

[1]	The Company classifies gains and losses on GMWB reinsurance derivatives and Guaranteed Living Benefit embedded derivatives as unrealized gains (losses) for purposes of disclosure in this table because it is impracticable to track on a contract-by-contract basis the realized gains (losses) for these derivatives and embedded derivatives.
[2]	All amounts are before income taxes and amortization of DAC.
[3]	The ‘Purchases, issuances, and settlements’ primarily relates to the payment and receipt of cash on futures and option contracts classified as Level 1 and interest rate, currency and credit default swaps classified as Level 2. As of January 1, 2011, for GMWB reinsurance and guaranteed withdrawal benefits, purchases, issuances and settlements represent the reinsurance premium paid and the attributed fees collected, respectively.
[4]	Disclosure of changes in unrealized gains (losses) is not required for Levels 1 and 2. Information presented is for Level 3 only.
[5]	The variable annuity hedging derivatives and the macro hedge program derivatives are reported in this table on a net basis for asset/(liability) positions and reported in the Condensed Consolidated Balance Sheet in other investments and other liabilities.
[6]	Includes both market and non-market impacts in deriving realized and unrealized gains (losses).