Allstate 2011 Annual Report Download - page 240
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The following table summarizes the liabilities for guarantees:
($ in millions) Liability for
guarantees Liability for
related to Liability for guarantees
death benefits guarantees related to
and interest- related to accumulation
sensitive life income and withdrawal
products benefits benefits Total
Balance, December 31, 2009 (1) $ 155 $ 287 $ 108 $ 550
Less reinsurance recoverables 109 268 107 484
Net balance as of December 31, 2009 46 19 1 66
Incurred guaranteed benefits 97 (2) — 95
Paid guarantee benefits — — — —
Net change 97 (2) — 95
Net balance as of December 31, 2010 143 17 1 161
Plus reinsurance recoverables 93 210 135 438
Balance, December 31, 2010 (2) $ 236 $ 227 $ 136 $ 599
Balance, December 31, 2008 (3) $ 115 $ 220 $ 266 $ 601
Less reinsurance recoverables 81 201 266 548
Net balance as of December 31, 2008 34 19 — 53
Incurred guaranteed benefits 13 — 1 14
Paid guarantee benefits (1) — — (1)
Net change 12 — 1 13
Net balance as of December 31, 2009 46 19 1 66
Plus reinsurance recoverables 109 268 107 484
Balance, December 31, 2009 (1) $ 155 $ 287 $ 108 $ 550
(1) Included in the total liability balance as of December 31, 2009 are reserves for variable annuity death benefits of $92 million, variable annuity income
benefits of $269 million, variable annuity accumulation benefits of $66 million, variable annuity withdrawal benefits of $41 million and other
guarantees of $82 million.
(2) Included in the total liability balance as of December 31, 2010 are reserves for variable annuity death benefits of $85 million, variable annuity income
benefits of $211 million, variable annuity accumulation benefits of $88 million, variable annuity withdrawal benefits of $47 million and other
guarantees of $168 million.
(3) Included in the total liability balance as of December 31, 2008 are reserves for variable annuity death benefits of $67 million, variable annuity income
benefits of $201 million, variable annuity accumulation benefits of $147 million, variable annuity withdrawal benefits of $119 million and other
guarantees of $67 million.
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Notes