Aetna 2015 Annual Report Download - page 155

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Annual Report- Page 149
The liability expected as of December 31, 1993 and the actual liability balances at December 31, 2015, 2014 and
2013 for the GIC and SPA liabilities were as follows:
Expected Actual
(Millions) GIC SPA GIC SPA
2013 $ 15.7 $ 2,448.9 $ — $ 2,804.8
2014 12.0 2,281.0 — 2,645.8
2015 9.5 2,112.0 — 2,493.5
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.
The distributions on our discontinued products consisted of scheduled contract maturities, settlements and benefit
payments of $356 million, $378 million and $392 million for the years ended December 31, 2015, 2014 and 2013,
respectively. Participant-directed withdrawals from our discontinued products were not significant in the years
ended December 31, 2015, 2014 or 2013. Cash required to fund these distributions was provided by earnings and
scheduled payments on, and sales of, invested assets.