The Hartford 2014 Annual Report Download - page 203
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Table of Contents
Changes in the gross U.S. GMDB/GMWB, International GMDB/GMIB, and universal life secondary guarantee benefits are as follows:
Incurred 173 28 236
Paid (110) (15) —
Unlock (100) (41) 3
Impact of Japan business disposition — (254) —
Currency translation adjustment — 10 —
Incurred 99 4 239
Paid (85) (4) —
Unlock (66) 3 —
Impact of Japan business disposition — (27) —
Currency translation adjustment — 1 —
Incurred 182 82 292
Paid (135) (73) —
Unlock (116) (301) 2
Impact of reinsurance transactions (MassMutual and Prudential) — — 1,145
Currency translation adjustment — (97) —
Incurred 104 9 296
Paid (98) (14) —
Unlock (81) (2) —
Impact of reinsurance transactions (MassMutual and Prudential) — — 1,485
Currency translation adjustment — (6) —
[1] These liability balances include all GMDB benefits, plus the life-contingent portion of GMWB benefits in excess of the return of the GRB. GMWB benefits up to the return of
the GRB are embedded derivatives held at fair value and are excluded from these balances.
F-67