Separate Accounts, Death Benefits and Other Insurance Benefit Features (Tables)

9 Months Ended

Sep. 30, 2011

Separate Accounts, Death Benefits and Other Insurance Benefit Features [Abstract]

Changes in the gross U.S. GMDB, Japan GMDB/GMIB, and UL secondary guarantee benefits

				International			UL Secondary
	U.S. GMDB			GMDB/GMIB			Guarantees
Liability balance as of January 1, 2011	$	1,053		$	696		$	113
Incurred		171			91			29
Paid		(156	)		(116	)		—
Unlock		171			250			66
Currency translation adjustment		—			33			—
Liability balance as of September 30, 2011	$	1,239		$	954		$	208
Reinsurance recoverable asset, as of January 1, 2011	$	686		$	36		$	30
Incurred		99			14			(10	)
Paid		(101	)		(21	)		—
Unlock		113			11			—
Currency translation adjustment		—			2			—
Reinsurance recoverable asset, as of September 30, 2011	$	797		$	42		$	20

				International			UL Secondary
	U.S. GMDB			GMDB/GMIB			Guarantees
Liability balance as of January 1, 2010	$	1,233		$	599		$	76
Incurred		183			87			29
Paid		(233	)		(95	)		—
Unlock		(24	)		(20	)		(2	)
Currency translation adjustment		—			70			—
Liability balance as of September 30, 2010	$	1,159		$	641		$	103
Reinsurance recoverable asset, as of January 1, 2010	$	787		$	51		$	22
Incurred		107			(7	)		6
Paid		(138	)		—			—
Unlock		(4	)		(5	)		—
Currency translation adjustment		—			4			—
Reinsurance recoverable asset, as of September 30, 2010	$	752		$	43		$	28

Individual Variable and Group Annuity Account Value By GMDB GMIB Type

Individual Variable and Group Annuity Account Value by GMDB/GMIB Type
					Retained Net
	Account		Net Amount		Amount		Weighted Average
	Value		at Risk		at Risk		Attained Age of
Maximum anniversary value (“MAV”) [1]	(“AV”) [8]		(“NAR”) [10]		(“RNAR”) [10]		Annuitant
MAV only	$	20,113	$	7,357	$	2,009		68
With 5% rollup [2]		1,407		612		226		68
With Earnings Protection Benefit Rider (“EPB”) [3]		5,225		1,271		131		65
With 5% rollup & EPB		572		206		42		68
Total MAV		27,317		9,446		2,408
Asset Protection Benefit (“APB”) [4]		21,875		4,495		2,939		66
Lifetime Income Benefit (“LIB”) — Death Benefit [5]		1,052		187		187		64
Reset [6] (5-7 years)		3,030		446		442		68
Return of Premium (“ROP”) [7]/Other		20,557		1,360		1,330		65
Subtotal U.S. GMDB		73,831		15,934		7,306		66
Less: General Account Value with U.S. GMDB		7,172
Subtotal Separate Account Liabilities with GMDB		66,659
Separate Account Liabilities without U.S. GMDB		77,264
Total Separate Account Liabilities	$	143,923
Japan GMDB [9], [11]	$	29,522	$	11,035	$	9,583		69
Japan GMIB [9], [11]	$	27,471	$	7,662	$	7,662		69

[1]	MAV GMDB is the greatest of current AV, net premiums paid and the highest AV on any anniversary before age 80 (adjusted for withdrawals).
[2]	Rollup GMDB is the greatest of the MAV, current AV, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 or 100% of adjusted premiums.
[3]	EPB GMDB is the greatest of the MAV, current AV, or contract value plus a percentage of the contract’s growth. The contract’s growth is AV less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.
[4]	APB GMDB is the greater of current AV or MAV, not to exceed current AV plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).
[5]	LIB GMDB is the greatest of current AV, net premiums paid, or for certain contracts a benefit amount that ratchets over time, generally based on market performance.
[6]	Reset GMDB is the greatest of current AV, net premiums paid and the most recent five to seven year anniversary AV before age 80 (adjusted for withdrawals).
[7]	ROP GMDB is the greater of current AV or net premiums paid.
[8]	AV includes the contract holder’s investment in the separate account and the general account.
[9]	GMDB includes a ROP and MAV (before age 80) paid in a single lump sum. GMIB is a guarantee to return initial investment, adjusted for earnings liquidity which allows for free withdrawal of earnings, paid through a fixed payout annuity, after a minimum deferral period of 10, 15 or 20 years. The GRB related to the Japan GMIB was $34.4 billion and $33.9 billion as of September 30, 2011 and December 31, 2010, respectively. The GRB related to the Japan GMAB and GMWB was $707 as of September 30, 2011 and December 31, 2010. These liabilities are not included in the Separate Account as they are not legally insulated from the general account liabilities of the insurance enterprise. As of September 30, 2011, 56% of the GMDB RNAR and 66% of the GMIB NAR is reinsured to a Hartford affiliate.
[10]	NAR is defined as the guaranteed benefit in excess of the current AV. RNAR represents NAR reduced for reinsurance. NAR and RNAR are highly sensitive to equity markets movements and increase when equity markets decline. Additionally Japan’s NAR and RNAR are highly sensitive to currency movements and increase when the Yen strengthens.
[11]	Policies with a guaranteed living benefit (GMIB in Japan) also have a guaranteed death benefit. The NAR for each benefit is shown in the table above, however these benefits are not additive. When a policy terminates due to death, any NAR related to GMWB or GMIB is released. Similarly, when a policy goes into benefit status on a GMWB or GMIB, its GMDB NAR is released.

Account balances of contracts with guarantees

Asset type	As of September 30, 2011		As of December 31, 2010
Equity securities (including mutual funds)	$	59,253	$	75,601
Cash and cash equivalents		7,406		8,365
Total	$	66,659	$	83,966