The Hartford 2013 Annual Report Download - page 205
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F-69
11. Separate Accounts, Death Benefits and Other Insurance Benefit Features
U.S. GMDB, International GMDB/GMIB, and UL Secondary Guarantee Benefits
Changes in the gross U.S. GMDB, International GMDB/GMIB, and UL secondary guarantee benefits are as follows:
U.S. GMDB International
GMDB/GMIB UL Secondary
Guarantees
Liability balance as of January 1, 2013 $ 918 $ 661 $ 363
Incurred 182 82 292
Paid (135) (73) —
Unlock (116) (301) 2
Impact of reinsurance transaction — — 1,145
Currency translation adjustment — (97) —
Liability balance as of December 31, 2013 $ 849 $ 272 $ 1,802
Reinsurance recoverable asset, as of January 1, 2013 $ 608 $ 36 $ 21
Incurred 104 9 296
Paid (98) (14) —
Unlock (81) (2) —
Impact of reinsurance transaction — — 1,485
Currency translation adjustment — (6) —
Reinsurance recoverable asset, as of December 31, 2013 $ 533 $ 23 $ 1,802
U.S. GMDB International
GMDB/GMIB UL Secondary
Guarantees
Liability balance as of January 1, 2012 $ 1,104 $ 975 $ 228
Incurred 210 133 113
Paid (185) (189) —
Unlock (211) (155) 22
Currency translation adjustment — (103) —
Liability balance as of December 31, 2012 $ 918 $ 661 $ 363
Reinsurance recoverable asset, as of January 1, 2012 $ 724 $ 40 $ 22
Incurred 121 9 (1)
Paid (121) (27) —
Unlock (116) 18 —
Currency translation adjustment — (4) —
Reinsurance recoverable asset, as of December 31, 2012 $ 608 $ 36 $ 21
Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)