Aetna 2009 Annual Report Download - page 90

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The expected run-off of the SPA and GIC liabilities can vary from actual due to several factors, including, among other
things, contract holders redeeming their contracts prior to contract maturity or additional amounts received from
existing contracts. The liability expected at December 31, 1993 and actual liability balances at December 31, 2009,
2008 and 2007 for the GIC and SPA liabilities were as follows:
(Millions) GIC SPA GIC SPA
2007 26.4$ 3,414.7$ 21.0$ 3,614.5$
2008 20.4 3,261.2 16.7 3,446.4
2009 19.1 3,103.9 12.1 3,301.0
Expected Actual
The GIC balances were lower than expected in each period because several contract holders redeemed their contracts
prior to contract maturity. The SPA balances in each period were higher than expected because of additional amounts
received under existing contracts.
Distributions on SPA and GIC liabilities in 2009, 2008 and 2007 were as follows:
(Millions) 2009 2008 2007
Scheduled contract maturities, settlements and benefit payments 447.1$ 454.3$ 468.0$
Participant-directed withdrawals .2 .1 .3
Cash required to fund these distributions was provided by earnings and scheduled payments on, and sales of, invested
assets.
Annual Report – Page 84