|                                                   | AXA Equitable Life Insurance Company |   |
|--------------------------------------------------------|--------------------------------------|--------|
| (Exact name of registrant as specified in its charter) |
|                                                   |

|   | New York                        |   | 13-5570651          |   |
|--------|---------------------------------|--------|---------------------|--------|
|   | (State or other jurisdiction of |   | (I.R.S. Employer    |   |
|   | incorporation or organization)  |   | Identification No.) |   |

|   | 1290 Avenue of the Americas, New York, New York |   | 10104      |   |
|--------|-------------------------------------------------|--------|------------|--------|
|   | (Address of principal executive offices)        |   | (Zip Code) |   |

|   | (212) 554-1234                                           |   |
|--------|----------------------------------------------------------|--------|
|   | Registrant’s telephone number, including area code |   |

|                                                                                | Not applicable |   |
|-------------------------------------------------------------------------------------|----------------|--------|
| (Former name, former address, and former fiscal year if changed since last report.) |

|   |   | Yes | [X] | No | [   ] |
|--------|--------|-----|-----|----|-----------------|

|   |   | Yes | [   ] | No | [   ] |
|--------|--------|-----|-----------------|----|-----------------|

| Large accelerated filer [   ]                                                         | Accelerated filer  [   ]        |
|-------------------------------------------------------------------------------------------------|-----------------------------------------------------|
| Non-accelerated filer  [X]   (Do not check if a smaller reporting company.) | Smaller reporting company  [  ] |

|   |   | Yes | [   ] | No | [X] |
|--------|--------|-----|-----------------|----|-----|

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|   |                  |   |
|--------|-----------------------|--------|
| PART I | FINANCIAL INFORMATION | Page   |

| Item 1:    | Consolidated Financial Statements (Unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|       | ·   Consolidated Balance Sheets, September 30, 2010 and December 31, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 4      |
|       | ·   Consolidated Statements of Earnings (Loss), Three Months and Nine Months Ended September 30, 2010 and 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 5      |
|       | ·   Consolidated Statements of Equity, Nine Months Ended September 30, 2010 and 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 7      |
|       | ·   Consolidated Statements of Cash Flows, Nine Months Ended September 30, 2010 and 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 8      |
|       | ·   Notes to Consolidated Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 10     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| Item 2:    | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 51     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| Item 3:    | Quantitative and Qualitative Disclosures About Market Risk*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 59     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| Item 4(T): | Controls and Procedures                                                                                                                                               | 59     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| PART II    | OTHER INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| Item 1:    | Legal Proceedings                                                                                                                                                     | 60     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| Item 1A:   | Risk Factors                                                                                                                                                          | 60     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| Item 2:    | Unregistered Sales of Equity Securities and Use of Proceeds *                                                                                                         | 60     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| Item 3:    | Defaults Upon Senior Securities *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 60     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| Item 4:    | (Removed and Reserved)                                                                                                                                                | 60     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| Item 5:    | Other Information                                                                                                                                                     | 60     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| Item 6:    | Exhibits                                                                                                                                                              | 61     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| SIGNATURES |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 62     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | September 30, |   | December 31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|--------|--------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 2010          |   | 2009         |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (In Millions) |   |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |          |   |         |   |   |   |
| Investments:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |          |   |         |   |   |   |
| Fixed maturities available for sale, at fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |          | $      | 30,860.9     |   |   | $ | 27,470.2 |   |
| Mortgage loans on real estate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |          |   | 3,565.1      |   |   |   | 3,554.8 |   |
| Equity real estate, held for the production of income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |          |   | 114.0        |   |   |   | 98.5 |   |
| Policy loans                                                                                           |          |   | 3,594.8      |   |   |   | 3,616.8 |   |
| Other equity investments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |          |   | 1,575.3      |   |   |   | 1,562.3 |   |
| Trading securities                                                                                                                                                                                                                                                                                                                                                                                                                     |          |   | 631.4        |   |   |   | 484.6 |   |
| Other invested assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |          |   | 1,631.4      |   |   |   | 1,482.6 |   |
| Total investments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |          |   | 41,972.9     |   |   |   | 38,269.8 |   |
| Cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |          |   | 2,330.9      |   |   |   | 1,791.7 |   |
| Cash and securities segregated, at fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |          |   | 740.3        |   |   |   | 985.7 |   |
| Broker-dealer related receivables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |          |   | 1,302.5      |   |   |   | 1,087.6 |   |
| Deferred policy acquisition costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |          |   | 8,088.1      |   |   |   | 7,745.2 |   |
| Goodwill and other intangible assets, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |          |   | 3,659.2      |   |   |   | 3,676.5 |   |
| Amounts due from reinsurers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |          |   | 3,227.4      |   |   |   | 3,028.2 |   |
| Loans to affiliates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |          |   | 1,046.6      |   |   |   | 1,048.3 |   |
| GMIB derivative asset                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |          |   | 7,104.6      |   |   |   | 2,255.8 |   |
| Other assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |          |   | 5,725.6      |   |   |   | 5,999.1 |   |
| Separate Accounts’ assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |          |   | 86,343.2     |   |   |   | 84,016.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |          |   |         |   |   |   |   |   |
| Total Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |          | $      | 161,541.3    |   |   | $ | 149,904.4 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |          |   |         |   |   |   |   |   |
| LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |          |   |         |   |   |   |   |   |
| Policyholders’ account balances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |          | $      | 24,559.1     |   |   | $ | 24,107.3 |   |
| Future policy benefits and other policyholders liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |          |   | 19,970.5     |   |   |   | 17,726.7 |   |
| Broker-dealer related payables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |          |   | 327.8        |   |   |   | 279.4 |   |
| Customers related payables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |          |   | 1,348.3      |   |   |   | 1,430.7 |   |
| Amounts due to reinsurers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |          |   | 62.4         |   |   |   | 81.2 |   |
| Short-term and long-term debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |          |   | 309.0        |   |   |   | 449.0 |   |
| Loans from affiliates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |          |   | 1,325.0      |   |   |   | 1,325.0 |   |
| Income taxes payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |          |   | 5,454.0      |   |   |   | 3,356.0 |   |
| Other liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |          |   | 3,516.2      |   |   |   | 3,002.2 |   |
| Separate Accounts’ liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |          |   | 86,343.2     |   |   |   | 84,016.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |          |   |         |   |   |   |   |   |
| Total liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |          |   | 143,215.5    |   |   |   | 135,774.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |          |   |         |   |   |   |   |   |
| Commitments and contingent liabilities (Note 11)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |          |   |         |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |          |   |         |   |   |   |   |   |
| EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |          |   |         |   |   |   |   |   |
| AXA Equitable’s equity:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |          |   |         |   |   |   |   |   |
| Common stock, $1.25 par value, 2.0 million shares authorized,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |          |   |         |   |   |   |   |   |
| issued and outstanding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |          |   | 2.5          |   |   |   | 2.5 |   |
| Capital in excess of par value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |          |   | 5,606.1      |   |   |   | 5,582.3 |   |
| Retained earnings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |          |   | 9,866.3      |   |   |   | 6,311.8 |   |
| Accumulated other comprehensive loss                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |          |   | (259.8       | )      |   |   | (1,035.7 | ) |
| Total AXA Equitable’s equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |          |   | 15,215.1     |   |   |   | 10,860.9 |   |
| Noncontrolling interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |          |   | 3,110.7      |   |   |   | 3,269.5 |   |
|             Total equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |          |   | 18,325.8     |   |   |   | 14,130.4 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |          |   |         |   |   |   |   |   |
| Total Liabilities and Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |          | $      | 161,541.3    |   |   | $ | 149,904.4 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                   |   | Three Months EndedSeptember 30, |    |   | Nine Months EndedSeptember 30, |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|---------|--------|--------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2010                            |    |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                   |   | (In Millions)                   |    |
| REVENUES                                                                                                                                                                                                                                                                                                                                                                                                               |   |                            |    |   |                           |   |   |   |   |   |   |   |
| Universal life and investment-type                                                                                                                                                                                                                                                                                                                                                                                     |   |                            |    |   |                           |   |   |   |   |   |   |   |
| product policy fee income                                                                                  |   | $                               | 778.3   |   |                           | $      | 748.8 |   |   | $ | 2,267.9 |   |   | $ | 2,159.1 |   |
| Premiums                                                                                         |   |                            | 133.4   |   |                           |   | 74.7 |   |   |   | 409.7 |   |   |   | 315.5 |   |
| Net investment income (loss):                                                                                                                                                                                                                                                                                                                                                                                          |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Investment (loss) income from                                                                                                                                                                                                                                                                                                                                                                                          |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| derivative instruments                                                                                                    |   |                            | (251.5  | )      |                           |   | (740.0 | ) |   |   | 852.2 |   |   |   | (2,493.8 | ) |
| Other investment income                                                                                         |   |                            | 595.4   |   |                           |   | 667.5 |   |   |   | 1,648.9 |   |   |   | 1,530.5 |   |
| Total net investment income (loss)                                                                                        |   |                            | 343.9   |   |                           |   | (72.5 | ) |   |   | 2,501.1 |   |   |   | (963.3 | ) |
| Investment (losses) gains, net:                                                                                                                                                                                                                                                                                                                                                                                        |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Total other-than-temporary impairment losses                                                                                                                                                                                                                                                                                                                                                                           |   |                            | (131.0  | )      |                           |   | (49.2 | ) |   |   | (206.8 | ) |   |   | (142.4 | ) |
| Portion of loss recognized in other                                                                                                                                                                                                                                                                                                                                                                                    |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| comprehensive income                                                                                                 |   |                            | 8.8     |   |                           |   | .8 |   |   |   | 13.7 |   |   |   | 4.1 |   |
| Net impairment losses recognized                                                                                          |   |                            | (122.2  | )      |                           |   | (48.4 | ) |   |   | (193.1 | ) |   |   | (138.3 | ) |
| Other investment gains, net                                                                                     |   |                            | 9.7     |   |                           |   | 22.5 |   |   |   | 54.3 |   |   |   | 198.4 |   |
| Total investment (losses) gains, net                                                                                                                                                                                                                                                                                                                                                                                   |   |                            | (112.5  | )      |                           |   | (25.9 | ) |   |   | (138.8 | ) |   |   | 60.1 |   |
| Commissions, fees and other income                                                               |   |                            | 902.7   |   |                           |   | 864.0 |   |   |   | 2,746.0 |   |   |   | 2,440.0 |   |
| Increase (decrease) in fair value of                                                                                                                                                                                                                                                                                                                                                                                   |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| reinsurance contracts                                                                                      |   |                            | 3,069.0 |   |                           |   | 96.0 |   |   |   | 4,848.8 |   |   |   | (2,039.8 | ) |
| Total revenues                                                                                                                 |   |                            | 5,114.8 |   |                           |   | 1,685.1 |   |   |   | 12,634.7 |   |   |   | 1,971.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| BENEFITS AND OTHER DEDUCTIONS                                                                                                                                                                                                                                                                                                                                                                                          |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Policyholders’ benefits                                                                    |   |                            | 1,494.0 |   |                           |   | 499.9 |   |   |   | 3,302.5 |   |   |   | 988.7 |   |
| Interest credited to policyholders’                                                                                                                                                                                                                                                                                                                                                                              |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| account balances                                                                                           |   |                            | 243.8   |   |                           |   | 259.2 |   |   |   | 692.4 |   |   |   | 763.4 |   |
| Compensation and benefits                                                                        |   |                            | 496.4   |   |                           |   | 488.8 |   |   |   | 1,418.0 |   |   |   | 1,427.3 |   |
| Commissions                                                                                      |   |                            | 259.5   |   |                           |   | 217.9 |   |   |   | 761.8 |   |   |   | 766.3 |   |
| Distribution related payments                                                                    |   |                            | 72.5    |   |                           |   | 61.8 |   |   |   | 210.3 |   |   |   | 164.8 |   |
| Amortization of deferred sales commissions                                                                                                                                                                                                                                                                                                                                                                             |   |                            | 11.7    |   |                           |   | 13.4 |   |   |   | 36.0 |   |   |   | 42.1 |   |
| Interest expense                                                                                 |   |                            | 26.1    |   |                           |   | 26.7 |   |   |   | 79.8 |   |   |   | 80.7 |   |
| Amortization of deferred policy acquisition costs                                                                                                                                                                                                                                                                                                                                                                      |   |                            | (228.4  | )      |                           |   | 7.9 |   |   |   | 140.1 |   |   |   | (65.7 | ) |
| Capitalization of deferred policy acquisition costs                                                                                                                                                                                                                                                                                                                                                                    |   |                            | (219.0  | )      |                           |   | (206.0 | ) |   |   | (658.4 | ) |   |   | (735.4 | ) |
| Rent expense                                                                                     |   |                            | 63.0    |   |                           |   | 67.4 |   |   |   | 181.0 |   |   |   | 188.8 |   |
| Amortization of other intangible assets                                                                                                                                                                                                                                                                                                                                                                                |   |                            | 5.8     |   |                           |   | 6.2 |   |   |   | 17.6 |   |   |   | 18.4 |   |
| Other operating costs and expenses                                                                                                                                                                                                                                                                                                                                                                                |   |                            | 373.3   |   |                           |   | 310.3 |   |   |   | 1,019.6 |   |   |   | 973.0 |   |
| Total benefits and other deductions                                                                                                                                                                                                                                                                                                                                                                                    |   |                            | 2,598.7 |   |                           |   | 1,753.5 |   |   |   | 7,200.7 |   |   |   | 4,612.4 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Three Months Ended September 30, |    |   | Nine Months Ended September 30, |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|--------|---------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 2010                             |    |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | (In Millions)                    |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |
| Earnings (loss)  from continuing operations before income taxes                                                                                                                                                                                                                                                                                                                                                    |   | $                                | 2,516.1 |   |                            | $      | (68.4 | ) |   | $ | 5,434.0 |   |   | $ | (2,640.8 | ) |
| Income tax (expense) benefit                                                                 |   |                             | (921.4  | )      |                            |   | 75.9 |   |   |   | (1,729.6 | ) |   |   | 1,079.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Earnings (loss) from continuing operations,                                                                                                                                                                                                                                                                                                                                                                                  |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| net of income taxes                                                                                    |   |                             | 1,594.7 |   |                            |   | 7.5 |   |   |   | 3,704.4 |   |   |   | (1,561.8 | ) |
| (Loss) earnings from discontinued operations,                                                                                                                                                                                                                                                                                                                                                                                |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| net of income taxes                                                                                    |   |                             | -       |   |                            |   | (4.5 | ) |   |   | - |   |   |   | 4.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Net earnings (loss)                                                                          |   |                             | 1,594.7 |   |                            |   | 3.0 |   |   |   | 3,704.4 |   |   |   | (1,557.7 | ) |
| Less: net earnings attributable to the                                                                                                                                                                                                                                                                                                                                                                                       |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| noncontrolling interest                                                                                                    |   |                             | (27.2   | )      |                            |   | (148.1 | ) |   |   | (149.9 | ) |   |   | (241.6 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Net Earnings (Loss) Attributable to AXA Equitable                                                                                                                                                                                                                                                                                                                                                                            |   | $                                | 1,567.5 |   |                            | $      | (145.1 | ) |   | $ | 3,554.5 |   |   | $ | (1,799.3 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Amounts attributable to AXA Equitable:                                                                                                                                                                                                                                                                                                                                                                                       |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Earnings (loss) from continuing operations,                                                                                                                                                                                                                                                                                                                                                                                  |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| net of income taxes                                                                                                   |   | $                                | 1,567.5 |   |                            | $      | (140.6 | ) |   | $ | 3,554.5 |   |   | $ | (1,803.4 | ) |
| (Loss) earnings from discontinued operations,                                                                                                                                                                                                                                                                                                                                                                                |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| net of income taxes                                                                                                   |   |                             | -       |   |                            |   | (4.5 | ) |   |   | - |   |   |   | 4.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Net Earnings (Loss)                                                                          |   | $                                | 1,567.5 |   |                            | $      | (145.1 | ) |   | $ | 3,554.5 |   |   | $ | (1,799.3 | ) |

----

|                                                                                                                                                                                                        |   | 2010          |     |   | 2009   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|----------|--------|--------|--------|
|                                                                                                                                                                                                        |   | (In Millions) |     |
|                                                                                                                                                                                                        |   |          |     |
| EQUITY                                                                                                                                                                                                      |   |          |     |   |   |   |
| AXA Equitable’s Equity:                                                                                                                                                                               |   |          |     |   |   |   |
| Common stock, at par value, beginning of year and end of period                                                                                                                                             |   | $             | 2.5      |   |   | $      | 2.5 |   |
|                                                                                                                                                                                                        |   |          |     |   |   |   |   |   |
| Capital in excess of par value, beginning of year                                                                                                                                            |   |          | 5,582.3  |   |   |   | 5,184.1 |   |
| Changes in capital in excess of par value                            |   |          | 23.8     |   |   |   | 442.8 |   |
| Capital in excess of par value, end of period                                                                                                                                                |   |          | 5,606.1  |   |   |   | 5,626.9 |   |
|                                                                                                                                                                                                        |   |          |     |   |   |   |   |   |
| Retained earnings, beginning of year                                                                                                                                                              |   |          | 6,311.8  |   |   |   | 8,412.6 |   |
| Net earnings (loss) attributable to AXA Equitable                                                                                                                                                      |   |          | 3,554.5  |   |   |   | (1,799.3 | ) |
| Impact of implementing new accounting guidance, net of taxes                                                                                                                                                |   |          | -        |   |   |   | 62.0 |   |
| Retained earnings, end of period                                                                             |   |          | 9,866.3  |   |   |   | 6,675.3 |   |
|                                                                                                                                                                                                        |   |          |     |   |   |   |   |   |
| Accumulated other comprehensive loss, beginning of year                                                                                                                                                     |   |          | (1,035.7 | )      |   |   | (2,235.6 | ) |
| Impact of implementing new accounting guidance, net of taxes                                                                                                                                                |   |          | -        |   |   |   | (62.0 | ) |
| Other comprehensive income                                                                                                                                                                        |   |          | 775.9    |   |   |   | 1,220.5 |   |
| Accumulated other comprehensive loss, end of period                                                                                                                                                         |   |          | (259.8   | )      |   |   | (1,077.1 | ) |
|                                                                                                                                                                                                        |   |          |     |   |   |   |   |   |
| Total AXA Equitable’s equity, end of period                                                                                                                                                 |   |          | 15,215.1 |   |   |   | 11,227.6 |   |
|                                                                                                                                                                                                        |   |          |     |   |   |   |   |   |
| Noncontrolling interest, beginning of year                                                         |   |          | 3,269.5  |   |   |   | 2,896.9 |   |
| Purchase of AllianceBernstein Units by noncontrolling interest                                                                                                                                              |   |          | 5.2      |   |   |   | - |   |
| Exercise of AllianceBernstein Put                                                                                                                                        |   |          | -        |   |   |   | 135.0 |   |
| Dividends paid to noncontrolling interest                                                                                                       |   |          | (289.7   | )      |   |   | (168.7 | ) |
| Capital contributions                                                                                                                                                                                       |   |          | -        |   |   |   | 19.4 |   |
| Net earnings attributable to noncontrolling interest                                                                                                                                                   |   |          | 149.9    |   |   |   | 241.6 |   |
| Other comprehensive (loss) income attributable to noncontrolling interest                                                                                                                                   |   |          | (3.1     | )      |   |   | 67.8 |   |
| Other changes in noncontrolling interest                                                                                         |   |          | (21.1    | )      |   |   | 23.6 |   |
|                                                                                                                                                                                                        |   |          |     |   |   |   |   |   |
| Noncontrolling interest, end of period                                                                                                                              |   |          | 3,110.7  |   |   |   | 3,215.6 |   |
|                                                                                                                                                                                                        |   |          |     |   |   |   |   |   |
| Total Equity, End of Period                                                                                                                                                                                 |   | $             | 18,325.8 |   |   | $      | 14,443.2 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2010          |        |    | 2009   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|-------------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (In Millions) |        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |          |        |    |   |   |
| Net earnings (loss)                                                                                             |   | $             | 3,704.4     |    |   | $      | (1,557.7 | ) |
| Adjustments to reconcile net earnings (loss) to net cash provided                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |          |        |    |   |   |   |   |
| by operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |          |        |    |   |   |   |   |
| Interest credited to policyholders’ account balances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |          | 692.4       |    |   |   | 763.4 |   |
| Universal life and investment-type product policy fee income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |          | (2,267.9    | )       |   |   | (2,159.1 | ) |
| Net change in broker-dealer and customer related receivables/payables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |          | (302.4      | )       |   |   | (1,334.8 | ) |
| (Income) loss on derivative instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |          | (852.2      | )       |   |   | 2,493.8 |   |
| Change in reinsurance recoverable with affiliate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |          | -           |    |   |   | 1,485.7 |   |
| Investment losses (gains), net                                                                                                      |   |          | 138.8       |    |   |   | (60.1 | ) |
| Change in segregated cash and securities, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |          | 245.4       |    |   |   | 1,298.3 |   |
| Non-cash real estate sub-lease charges                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |          | 101.6       |    |   |   | 5.7 |   |
| Change in deferred policy acquisition costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |          | (518.3      | )       |   |   | (801.1 | ) |
| Change in future policy benefits                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |          | 1,690.7     |    |   |   | (578.0 | ) |
| Change in income taxes payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |          | 1,503.3     |    |   |   | (1,031.6 | ) |
| Change in accounts payable and accrued expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |          | 392.0       |    |   |   | 184.6 |   |
| Contribution to pension plans                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |          | (181.9)     |    |   |   | - |   |
| Change in fair value of guaranteed minimum income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |          |        |    |   |   |   |   |
| benefit reinsurance contracts                                                                                                                           |   |          | (4,848.8    | )       |   |   | 2,039.8 |   |
| Equity (income) loss in other limited partnerships                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |          | (72.1       | )       |   |   | 128.6 |   |
| Amortization of deferred sales commissions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |          | 36.0        |    |   |   | 42.1 |   |
| Other depreciation and amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |          | 122.3       |    |   |   | 114.2 |   |
| Amortization of reinsurance cost                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |          | 140.9       |    |   |   | 230.1 |   |
| Amortization of other intangible assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |          | 17.6        |    |   |   | 18.4 |   |
| Other, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |          | 291.6       |    |   |   | 159.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |          |        |    |   |   |   |   |
| Net cash provided by operating activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |          | 33.4        |    |   |   | 1,441.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |          |        |    |   |   |   |   |
| Cash flows from investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |          |        |    |   |   |   |   |
| Maturities and repayments of fixed maturities and mortgage loans on real estate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |          | 1,584.3     |    |   |   | 1,490.5 |   |
| Sales of investments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |          | 2,609.8     |    |   |   | 4,785.2 |   |
| Purchases of investments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |          | (6,083.5    | )       |   |   | (6,357.6 | ) |
| Cash settlements related to derivative instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |          | 196.4       |    |   |   | (2,161.3 | ) |
| Change in short-term investments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |          | (30.3       | )       |   |   | 226.7 |   |
| Increase in loans to affiliates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |          | -           |    |   |   | (250.0 | ) |
| Change in capitalized software, leasehold improvements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |          |        |    |   |   |   |   |
|         and EDP equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |          |  (27.8 | )  |   |   |  (95.5 | )  |
| Other, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |          | (39.0       | )       |   |   | (26.8 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |          |        |    |   |   |   |   |
| Net cash used in investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |          | (1,790.1    | )       |   |   | (2,388.8 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |          |        |    |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                |   | 2010          |    |   | 2009   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|---------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                |   | (In Millions) |    |
|                                                                                                                                                                                                                                                                                |   |          |    |   |   |   |
|                                                                                                                                                                                                                                                                                |   |          |    |   |   |   |
| Cash flows from financing activities:                                                                                                                                                                                                                                               |   |          |    |   |   |   |
| Policyholders’ account balances:                                                                                                                                                                                                                                              |   |          |    |   |   |   |
| Deposits                                                                                                                                                                                                                |   | $             | 2,339.4 |   |   | $      | 2,724.5 |   |
| Withdrawals and transfers to Separate Accounts                                                                                                                                                                                                                                 |   |          | (254.5  | )      |   |   | (1,872.7 | ) |
| Net change in short-term financings                                                                                                                                                                                               |   |          | (136.1  | )      |   |   | (228.9 | ) |
| Decrease in collateralized pledged assets                                                                                                                                                                                                             |   |          | 592.9   |   |   |   | - |   |
| Increase (decrease) in collateralized pledged liabilities                                                                                                                                                                                                                      |   |          | 35.5    |   |   |   | (371.7 | ) |
| Capital contribution                                                                                                                                                                                                                                       |   |          | -       |   |   |   | 438.9 |   |
| Distribution to non-controlling interests in consolidated subsidiaries                                                                                                                                                                                                              |   |          | (289.7  | )      |   |   | (168.7 | ) |
| Other, net                                                                                                                                                                                               |   |          | 8.4     |   |   |   | 103.8 |   |
|                                                                                                                                                                                                                                                                                |   |          |    |   |   |   |   |   |
| Net cash provided by financing activities                                        |   |          | 2,295.9 |   |   |   | 625.2 |   |
|                                                                                                                                                                                                                                                                                |   |          |    |   |   |   |   |   |
| Change in cash and cash equivalents                                                                                                                                                                                          |   |          | 539.2   |   |   |   | (321.7 | ) |
| Cash and cash equivalents, beginning of year                                                                                                                                                                                                                                        |   |          | 1,791.7 |   |   |   | 2,403.2 |   |
|                                                                                                                                                                                                                                                                                |   |          |    |   |   |   |   |   |
| Cash and Cash Equivalents, End of Period                                                                                                                                                                                                    |   | $             | 2,330.9 |   |   | $      | 2,081.5 |   |
| Supplemental cash flow information                                                                                                                                                                                                                                                  |   |          |    |   |   |   |   |   |
| Interest Paid                                                                                                                                                                                                                                                   |   | $             | 2.8     |   |   | $      | 8.7 |   |
| Income Taxes Paid                                                                                                                                                                                                                                                         |   | $             | 38.3    |   |   | $      | 25.6 |   |

----

| 1) | ORGANIZATION AND BASIS OF PRESENTATION |
|----|----------------------------------------|

----

| 2)   | ACCOUNTING CHANGES AND NEW ACCOUNTING PRONOUNCEMENTS |
|----------------|------------------------------------------------------|

----

----

| ·    | incremental direct costs of the contract acquisition (i.e., would not have been incurred had the acquisition activity not occurred), |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------|

| ·    | a portion of the employee’s compensation and fringe benefits related to certain activities for successful contract acquisitions, or |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| ·    | direct-response advertising costs as defined in current accounting guidance for capitalized advertising costs. |
|---------------------|----------------------------------------------------------------------------------------------------------------|

----

| 3)   | INVESTMENTS |
|----------------|-------------|

|                                                                                                                                                                                                                                                                                            |   | Amortized Cost |     |   | Gross Unrealized Gains |   |    | Gross Unrealized Losses |   |   | Fair Value |   |   |   OTTI in AOCI (3) |     |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|----------|--------|------------------------|--------|---------|-------------------------|--------|--------|------------|--------|--------|-------------------------|----------|
|                                                                                                                                                                                                                                                                                            |   | (In Millions)  |     |
|                                                                                                                                                                                                                                                                                            |   |           |     |   |                   |   |    |                    |   |   |       |   |   |                    |     |
| September 30, 2010:                                                                                                                                                                                                                                                                             |   |           |     |   |                   |   |    |                    |   |   |       |   |   |                    |     |
| Fixed maturities:                                                                                                                                                                                                                                                                               |   |           |     |   |                   |   |    |                    |   |   |       |   |   |                    |     |
| Corporate                                                                          |   | $              | 21,040.9 |   |                   | $      | 1,984.7 |                    |   | $      | 53.0       |   |   | $                       | 22,972.6 |   |   | $ | - |   |
| U.S. Treasury, government                                                                                                                                                                                                                                                                       |   |           |     |   |                   |   |    |                    |   |   |       |   |   |                    |     |   |   |   |   |   |
| and agency (4)                                                                               |   |           | 2,032.3  |   |                   |   | 61.6    |                    |   |   | 16.4       |   |   |                    | 2,077.5  |   |   |   | - |   |
| States and political                                                                                                                                                                                                                                                                            |   |           |     |   |                   |   |    |                    |   |   |       |   |   |                    |     |   |   |   |   |   |
| subdivisions                                                                                 |   |           | 475.3    |   |                   |   | 29.1    |                    |   |   | 3.7        |   |   |                    | 500.7    |   |   |   | - |   |
| Foreign governments                                                                |   |           | 398.3    |   |                   |   | 66.0    |                    |   |   | .1         |   |   |                    | 464.2    |   |   |   | - |   |
| Commercial mortgage-backed                                                                                                                                                                                                                                                                      |   |           | 1,654.9  |   |                   |   | 4.7     |                    |   |   | 401.1      |   |   |                    | 1,258.5  |   |   |   | 14.7 |   |
| Residential mortgage-backed (1)                                                                                                                                                                                                                                                                 |   |           | 1,748.4  |   |                   |   | 68.1    |                    |   |   | 2.3        |   |   |                    | 1,814.2  |   |   |   | - |   |
| Asset-backed (2)                                                                   |   |           | 254.1    |   |                   |   | 12.1    |                    |   |   | 13.0       |   |   |                    | 253.2    |   |   |   | 7.1 |   |
| Redeemable preferred stock                                                                                                                                                                                                                                                                      |   |           | 1,540.0  |   |                   |   | 30.8    |                    |   |   | 50.8       |   |   |                    | 1,520.0  |   |   |   | - |   |
| Total Fixed Maturities                                                                                                                                                                                                                                                                     |   |           | 29,144.2 |   |                   |   | 2,257.1 |                    |   |   | 540.4      |   |   |                    | 30,860.9 |   |   |   | 21.8 |   |
|                                                                                                                                                                                                                                                                                            |   |           |     |   |                   |   |    |                    |   |   |       |   |   |                    |     |   |   |   |   |   |
| Equity securities                                              |   |           | 27.4     |   |                   |   | -       |                    |   |   | 1.4        |   |   |                    | 26.0     |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                            |   |           |     |   |                   |   |    |                    |   |   |       |   |   |                    |     |   |   |   |   |   |
| Total at September 30, 2010                                                                                                                                                                                                                                                                     |   | $              | 29,171.6 |   |                   | $      | 2,257.1 |                    |   | $      | 541.8      |   |   | $                       | 30,886.9 |   |   | $ | 21.8 |   |

|                                                                                                                                                                                                                                                                                            |   |   |     |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------|
| December 31, 2009                                                                                                                                                                                                                                                                               |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed maturities:                                                                                                                                                                                                                                                                               |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                                                          |   | $      | 19,437.7 |   |   | $ | 991.5 |   |   | $ | 235.1 |   |   | $ | 20,194.1 |   |   | $  | .7 |   |
| U.S. Treasury, government                                                                                                                                                                                                                                                                       |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and agency                                                                                   |   |   | 1,830.1  |   |   |   | 12.4 |   |   |   | 152.5 |   |   |   | 1,690.0 |   |   |   | - |   |
| States and political                                                                                                                                                                                                                                                                            |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| subdivisions                                                                                 |   |   | 388.6    |   |   |   | 7.3 |   |   |   | 14.2 |   |   |   | 381.7 |   |   |   | - |   |
| Foreign governments                                                                |   |   | 270.4    |   |   |   | 32.0 |   |   |   | .1 |   |   |   | 302.3 |   |   |   | - |   |
| Commercial mortgage-backed                                                                                                                                                                                                                                                                      |   |   | 1,979.6  |   |   |   | 2.2 |   |   |   | 492.0 |   |   |   | 1,489.8 |   |   |   | 1.8 |   |
| Residential mortgage-backed (1)                                                                                                                                                                                                                                                                 |   |   | 1,604.6  |   |   |   | 46.2 |   |   |   | .2 |   |   |   | 1,650.6 |   |   |   | - |   |
| Asset-backed (2)                                                                   |   |   | 278.2    |   |   |   | 10.9 |   |   |   | 21.4 |   |   |   | 267.7 |   |   |   | 7.9 |   |
| Redeemable preferred stock                                                                                                                                                                                                                                                                      |   |   | 1,707.6  |   |   |   | 8.5 |   |   |   | 222.1 |   |   |   | 1,494.0 |   |   |   | - |   |
| Total Fixed Maturities                                                                                                                                                                                                                                                                          |   |   | 27,496.8 |   |   |   | 1,111.0 |   |   |   | 1,137.6 |   |   |   | 27,470.2 |   |   |   | 10.4 |   |
|                                                                                                                                                                                                                                                                                            |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity securities                                              |   |   | 43.9     |   |   |   | 9.7 |   |   |   | - |   |   |   | 53.6 |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                            |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total at December 31, 2009                                                                                                                                                                                                                                                                 |   | $      | 27,540.7 |   |   | $ | 1,120.7 |   |   | $ | 1,137.6 |   |   | $ | 27,523.8 |   |   | $ | 10.4 |   |

| (1)    | Includes publicly traded agency pass-through securities and collateralized mortgage obligations. |
|------------------|--------------------------------------------------------------------------------------------------|

| (2)   | Includes credit-tranched securities collateralized by sub-prime mortgages and other asset types and credit tenant loans. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------|

| (3)   | Amounts represent OTTI losses in AOCI, which were not included in earnings in accordance with current accounting guidance. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------|

| (4)   | Reflects $121.6 million of amortized cost of FDIC insured bonds that were reported as Corporate in 2009 and moved to U.S. Treasury, government and agency in 2010. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                        |   | Amortized     |     |   |       |   |
|---------------------------------------------|--------|---------------|----------|--------|------------|--------|
|                                        |   | Cost          |     |   | Fair Value |   |
|                                        |   | (In Millions) |     |
|                                        |   |          |     |
| Due in one year or less                     |   | $             | 2,512.3  |   |       | $      | 2,561.7 |   |
| Due in years two through five               |   |          | 8,383.3  |   |       |   | 9,023.6 |   |
| Due in years six through ten                |   |          | 8,492.9  |   |       |   | 9,424.5 |   |
| Due after ten years                         |   |          | 4,558.3  |   |       |   | 5,005.2 |   |
| Subtotal                                    |   |          | 23,946.8 |   |       |   | 26,015.0 |   |
| Commercial mortgage-backed securities  |   |          | 1,654.9  |   |       |   | 1,258.5 |   |
| Residential mortgage-backed securities      |   |          | 1,748.4  |   |       |   | 1,814.2 |   |
| Asset-backed securities                     |   |          | 254.1    |   |       |   | 253.2 |   |
| Total                                       |   | $             | 27,604.2 |   |       | $      | 29,340.9 |   |

----

|                                 |   | Three Months EndedSeptember 30, |   |   | Nine Months EndedSeptember 30, |   |
|--------------------------------------|--------|---------------------------------|--------|--------|--------------------------------|--------|
|                                 |   | 2010                            |   |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
|                                 |   | (In Millions)                   |   |
|                                 |   |                            |   |   |                           |   |   |   |   |   |   |   |
| Credit losses recognized in earnings |   | $                               | 122.2  |   |                           | $      | 48.5 |   |   | $ | 193.1 |   |   | $ | 138.3 |   |
| Non-credit losses recognized in OCI  |   |                            | 8.8    |   |                           |   | .7 |   |   |   | 13.7 |   |   |   | 4.1 |   |
| Total OTTI                           |   | $                               | 131.0  |   |                           | $      | 49.2 |   |   | $ | 206.8 |   |   | $ | 142.4 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |          |   |   |   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 2010          |   |   | 2009   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | (In Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |          |   |   |   |   |
| Balances at January 1,                                                                                                                   |   | $             | (145.5 | )      |   | $      | (229.7 | ) |
| Cumulative adjustment related to implementing new accounting guidance on April 1, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |          | -      |   |   |   | 107.9 |   |
| Previously recognized impairments on securities that matured, paid, prepaid or sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |          | 48.8   |   |   |   | 29.9 |   |
| Previously recognized impairments on securities impaired to fair value this period (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |          | -      |   |   |   | - |   |
| Impairments recognized this period on securities not previously impaired                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |          | (62.1  | )      |   |   | (67.8 | ) |
| Additional impairments this period on securities previously impaired                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |          | (8.8   | )      |   |   | (22.0 | ) |
| Increases due to passage of time on previously recorded credit losses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |          | -      |   |   |   | - |   |
| Accretion of previously recognized impairments due to increases in expected cash flows                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |          | -      |   |   |   | - |   |
| Balances at June 30,                                                                                                                     |   |          | (167.6 | )      |   |   | (181.7 | ) |
| Previously recognized impairments on securities that matured, paid, prepaid or sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |          | 12.7   |   |   |   | 10.7 |   |
| Previously recognized impairments on securities impaired to fair value this period (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |          | -      |   |   |   | - |   |
| Impairments recognized this period on securities not previously impaired                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |          | (122.2 | )      |   |   | (48.5 | ) |
| Additional impairments this period on securities previously impaired                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |          | -      |   |   |   | - |   |
| Increases due to passage of time on previously recorded credit losses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |          | -      |   |   |   | - |   |
| Accretion of previously recognized impairments due to increases in expected cash flows                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |          | -      |   |   |   | - |   |
| Balances at September 30,                                                                                                                |   | $             | (277.1 | )      |   | $      | (219.5 | ) |

| (1)     | Represents circumstances where the Company determined in the current period that it intends to sell the security or it is more likely than not that it will be required to sell the security before recovery of the security’s amortized cost. |
|------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | September 30, |    | December 31, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|---------|--------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 2010          |    | 2009         |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | (In Millions) |    |
| AFS Securities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |          |    |         |   |   |
| Fixed maturities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |          |    |         |   |   |
| With OTTI loss                                                                                                                             |   | $             | (14.2   | )            |   | $ | (10.9 | ) |
| All other                                                                                                                                  |   |          | 1,730.9 |         |   |   | (15.7 | ) |
| Equity securities                                                                                                                |   |          | (1.4    | )            |   |   | 9.7 |   |
| Net Unrealized Gains (Losses)                                                                                          |   | $             | 1,715.3 |         |   | $ | (16.9 | ) |

|                                                             |   | NetUnrealized(Losses) Gains onInvestments |   |   | DAC    |   |   | PolicyholdersLiabilities |   |   | DeferredIncomeTaxAsset |   |   | AOCILossRelated to NetUnrealizedInvestmentGains (Losses) |   |
|------------------------------------------------------------------|--------|-------------------------------------------|--------|--------|--------|--------|--------|--------------------------|--------|--------|------------------------|--------|--------|----------------------------------------------------------|--------|
|                                                             |   | (In Millions)                             |   |
|                                                             |   |                                      |   |   |   |   |   |                     |   |   |                   |   |   |                                                     |   |
| Balance, June 30, 2010                                           |   | $                                         | (7.2   | )      |   | $      | .7     |                     |   | $      | 1.4                    |   |   | $                                                        | 1.8    |   |   | $ | (3.3 | ) |
| Net investment gains                                             |   |                                      |   |   |   |   |   |                     |   |   |                   |   |   |                                                     |   |   |   |   |   |   |
| arising during the period                                        |   |                                      | 1.8    |   |   |   | -      |                     |   |   | -                      |   |   |                                                     | -      |   |   |   | 1.8 |   |
| Reclassification adjustment for OTTI losses:                |   |                                      |   |   |   |   |   |                     |   |   |                   |   |   |                                                     |   |   |   |   |   |   |
| Included in Net earnings                                         |   |                                      | -      |   |   |   | -      |                     |   |   | -                      |   |   |                                                     | -      |   |   |   | - |   |
| Excluded from Net earnings (1)                                   |   |                                      | (8.8   | )      |   |   | -      |                     |   |   | -                      |   |   |                                                     | -      |   |   |   | (8.8 | ) |
| Impact of net unrealized investment gains on:                    |   |                                      |   |   |   |   |   |                     |   |   |                   |   |   |                                                     |   |   |   |   |   |   |
| DAC                                                              |   |                                      | -      |   |   |   | .9     |                     |   |   | -                      |   |   |                                                     | -      |   |   |   | .9 |   |
| Deferred income taxes                                            |   |                                      | -      |   |   |   | -      |                     |   |   | -                      |   |   |                                                     | 1.7    |   |   |   | 1.7 |   |
| Policyholders liabilities                                        |   |                                      | -      |   |   |   | -      |                     |   |   | 1.1                    |   |   |                                                     | -      |   |   |   | 1.1 |   |
| Balance, September 30, 2010                                      |   | $                                         | (14.2  | )      |   | $      | 1.6    |                     |   | $      | 2.5                    |   |   | $                                                        | 3.5    |   |   | $ | (6.6 | ) |
|                                                             |   |                                      |   |   |   |   |   |                     |   |   |                   |   |   |                                                     |   |   |   |   |   |   |
| Balance, January 1, 2010                                         |   | $                                         | (10.9  | )      |   | $      | 5.3    |                     |   | $      | -                      |   |   | $                                                        | 1.9    |   |   | $ | (3.7 | ) |
| N Net investment gains                                           |   |                                      |   |   |   |   |   |                     |   |   |                   |   |   |                                                     |   |   |   |   |   |   |
| arising during the period                                        |   |                                      | 1.6    |   |   |   | -      |                     |   |   | -                      |   |   |                                                     | -      |   |   |   | 1.6 |   |
| Reclassification adjustment for OTTI losses:                     |   |                                      |   |   |   |   |   |                     |   |   |                   |   |   |                                                     |   |   |   |   |   |   |
| Included in Net earnings                                         |   |                                      | 8.8    |   |   |   | -      |                     |   |   | -                      |   |   |                                                     | -      |   |   |   | 8.8 |   |
| Excluded from Net earnings (1)                                   |   |                                      | (13.7  | )      |   |   | -      |                     |   |   | -                      |   |   |                                                     | -      |   |   |   | (13.7 | ) |
| Impact of net unrealized investment (losses) gains on: |   |                                      |   |   |   |   |   |                     |   |   |                   |   |   |                                                     |   |   |   |   |   |   |
| DAC                                                              |   |                                      | -      |   |   |   | (3.7   | )                        |   |   | -                      |   |   |                                                     | -      |   |   |   | (3.7 | ) |
| Deferred income taxes                                            |   |                                      | -      |   |   |   | -      |                     |   |   | -                      |   |   |                                                     | 1.6    |   |   |   | 1.6 |   |
| Policyholders liabilities                                        |   |                                      | -      |   |   |   | -      |                     |   |   | 2.5                    |   |   |                                                     | -      |   |   |   | 2.5 |   |
| Balance, September 30, 2010                                      |   | $                                         | (14.2  | )      |   | $      | 1.6    |                     |   | $      | 2.5                    |   |   | $                                                        | 3.5    |   |   | $ | (6.6 | ) |

| (1)     | Represents “transfers in” related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss. |
|-----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                |   | NetUnrealized(Losses)Gains onInvestments |   |   | DAC    |   |   | PolicyholdersLiabilities |   |   | DeferredIncomeTaxAsset(Liability) |   |   | AOCILossRelated to NetUnrealizedInvestmentGains (Losses) |   |
|-------------------------------------|--------|------------------------------------------|--------|--------|--------|--------|--------|--------------------------|--------|--------|-----------------------------------|--------|--------|----------------------------------------------------------|--------|
|                                |   | (In Millions)                            |   |
|                                |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |
| Balance, June 30, 2009              |   | $                                        | (73.5  | )      |   | $      | 15.0   |                     |   | $      | -                                 |   |   | $                                                        | 20.5   |   |   | $ | (38.0 | ) |
| Net investment gains                |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| arising during the period           |   |                                     | 69.8   |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | -      |   |   |   | 69.8 |   |
| Reclassification adjustment for     |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| OTTI losses:                        |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| Included in Net loss                |   |                                     | -      |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | -      |   |   |   | - |   |
| Excluded from Net loss (1)          |   |                                     | -      |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | -      |   |   |   | - |   |
| Impact of net unrealized investment |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| losses on:                          |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| DAC                                 |   |                                     | -      |   |   |   | (13.1  | )                        |   |   | -                                 |   |   |                                                     | -      |   |   |   | (13.1 | ) |
| Deferred income taxes               |   |                                     | -      |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | (19.8  | ) |   |   | (19.8 | ) |
| Policyholders liabilities           |   |                                     | -      |   |   |   | -      |                     |   |   | (.1                               | )      |   |                                                     | -      |   |   |   | (.1 | ) |
| Balance, September 30, 2009         |   | $                                        | (3.7   | )      |   | $      | 1.9    |                     |   | $      | (.1                               | )      |   | $                                                        | .7     |   |   | $ | (1.2 | ) |
|                                |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| Balance, March 31, 2009             |   | $                                        | -      |   |   | $      | -      |                     |   | $      | -                                 |   |   | $                                                        | -      |   |   | $ | - |   |
| Cumulative impact of implementing   |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| new guidance                        |   |                                     | (35.1  | )      |   |   | 5.5    |                     |   |   | -                                 |   |   |                                                     | 10.3   |   |   |   | (19.3 | ) |
| Net investment gains                |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| arising during the period           |   |                                     | 12.1   |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | -      |   |   |   | 12.1 |   |
| Reclassification adjustment for     |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| OTTI losses:                        |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| Included in Net loss                |   |                                     | 22.1   |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | -      |   |   |   | 22.1 |   |
| Excluded from Net loss (1)          |   |                                     | (2.8   | )      |   |   | -      |                     |   |   | -                                 |   |   |                                                     | -      |   |   |   | (2.8 | ) |
| Impact of net unrealized investment |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
|  losses on:                    |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| DAC                                 |   |                                     | -      |   |   |   | (3.6   | )                        |   |   | -                                 |   |   |                                                     | -      |   |   |   | (3.6 | ) |
| Deferred income taxes               |   |                                     | -      |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | (9.6   | ) |   |   | (9.6 | ) |
| Policyholders liabilities           |   |                                     | -      |   |   |   | -      |                     |   |   | (.1                               | )      |   |                                                     | -      |   |   |   | (.1 | ) |
| Balance, September 30, 2009         |   | $                                        | (3.7   | )      |   | $      | 1.9    |                     |   | $      | (.1                               | )      |   | $                                                        | .7     |   |   | $ | (1.2 | ) |
|                                |   |                                     |   |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |

| (1)     | Represents “transfers in” related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss. |
|-----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                |   | NetUnrealizedGains(Losses) onInvestments |    |   | DAC    |   |   | PolicyholdersLiabilities |   |   | DeferredIncomeTax(Liability)Asset |   |   | AOCIGainRelated to NetUnrealizedInvestmentGains (Losses) |   |
|-------------------------------------|--------|------------------------------------------|---------|--------|--------|--------|--------|--------------------------|--------|--------|-----------------------------------|--------|--------|---------------------------------------------------------------|--------|
|                                |   | (In Millions)                            |    |
|                                |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |
| Balance, June 30, 2010              |   | $                                        | 832.9   |   |   | $      | (92.6  | )                        |   | $      | (166.0                            | )      |   | $                                                             | (202.2 | ) |   | $ | 372.1 |   |
| Net investment gains                |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |   |   |   |   |   |
| arising during the period           |   |                                     | 772.6   |   |   |   | -      |                     |   |   | -                                 |   |   |                                                          | -      |   |   |   | 772.6 |   |
| Reclassification adjustment for     |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |   |   |   |   |   |
| OTTI losses:                        |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |   |   |   |   |   |
| Included in Net earnings            |   |                                     | 115.2   |   |   |   | -      |                     |   |   | -                                 |   |   |                                                          | -      |   |   |   | 115.2 |   |
| Excluded from Net earnings (1)      |   |                                     | 8.8     |   |   |   | -      |                     |   |   | -                                 |   |   |                                                          | -      |   |   |   | 8.8 |   |
| Impact of net unrealized investment |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |   |   |   |   |   |
| losses on:                          |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |   |   |   |   |   |
| DAC                                 |   |                                     | -       |   |   |   | (107.5 | )                        |   |   | -                                 |   |   |                                                          | -      |   |   |   | (107.5 | ) |
| Deferred income taxes               |   |                                     | -       |   |   |   | -      |                     |   |   | -                                 |   |   |                                                          | (228.0 | ) |   |   | (228.0 | ) |
| Policyholders liabilities           |   |                                     | -       |   |   |   | -      |                     |   |   | (137.2                            | )      |   |                                                          | -      |   |   |   | (137.2 | ) |
| Balance, September 30, 2010         |   | $                                        | 1,729.5 |   |   | $      | (200.1 | )                        |   | $      | (303.2                            | )      |   | $                                                             | (430.2 | ) |   | $ | 796.0 |   |
|                                |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |   |   |   |   |   |
| Balance, January 1, 2010            |   | $                                        | (6.1    | )      |   | $      | (21.2  | )                        |   | $      | -                                 |   |   | $                                                             | 32.3   |   |   | $ | 5.0 |   |
| Net investment gains                |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |   |   |   |   |   |
| arising during the period           |   |                                     | 1,590.8 |   |   |   | -      |                     |   |   | -                                 |   |   |                                                          | -      |   |   |   | 1,590.8 |   |
| Reclassification adjustment for     |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |   |   |   |   |   |
| OTTI losses:                        |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |   |   |   |   |   |
| Included in Net earnings            |   |                                     | 131.2   |   |   |   | -      |                     |   |   | -                                 |   |   |                                                          | -      |   |   |   | 131.2 |   |
| Excluded from Net earnings (1)      |   |                                     | 13.6    |   |   |   | -      |                     |   |   | -                                 |   |   |                                                          | -      |   |   |   | 13.6 |   |
| Impact of net unrealized investment |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |   |   |   |   |   |
| losses on:                          |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |   |   |   |   |   |
| DAC                                 |   |                                     | -       |   |   |   | (178.9 | )                        |   |   | -                                 |   |   |                                                          | -      |   |   |   | (178.9 | ) |
| Deferred income taxes               |   |                                     | -       |   |   |   | -      |                     |   |   | -                                 |   |   |                                                          | (462.5 | ) |   |   | (462.5 | ) |
| Policyholders liabilities           |   |                                     | -       |   |   |   | -      |                     |   |   | (303.2                            | )      |   |                                                          | -      |   |   |   | (303.2 | ) |
| Balance, September 30, 2010         |   | $                                        | 1,729.5 |   |   | $      | (200.1 | )                        |   | $      | (303.2                            | )      |   | $                                                             | (430.2 | ) |   | $ | 796.0 |   |
|                                |   |                                     |    |   |   |   |   |                     |   |   |                              |   |   |                                                          |   |   |   |   |   |   |

|   | (1)   | Represents “transfers out” related to the portion of OTTI losses during the period that were not recognized in earnings for securities with no prior OTTI loss. |
|--------|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                |   | NetUnrealized(Losses)Gains onInvestments |     |   | DAC    |   |   | PolicyholdersLiabilities |   |   | DeferredIncomeTaxAsset(Liability) |   |   | AOCILossRelated to NetUnrealizedInvestmentGains (Losses) |   |
|-------------------------------------|--------|------------------------------------------|----------|--------|--------|--------|--------|--------------------------|--------|--------|-----------------------------------|--------|--------|----------------------------------------------------------|--------|
|                                |   | (In Millions)                            |     |
|                                |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |
| Balance, June 30, 2009              |   | $                                        | (1,395.8 | )      |   | $      | 285.2  |                     |   | $      | -                                 |   |   | $                                                        | 389.8  |   |   | $ | (720.8 | ) |
| Net investment gains                |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| arising during the period           |   |                                     | 1,322.3  |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | -      |   |   |   | 1,322.3 |   |
| Reclassification adjustment for     |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| OTTI losses:                        |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| Included in Net loss                |   |                                     | 60.6     |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | -      |   |   |   | 60.6 |   |
| Excluded from Net loss (1)          |   |                                     | -        |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | -      |   |   |   | - |   |
| Impact of net unrealized investment |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| losses on:                          |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| DAC                                 |   |                                     | -        |   |   |   | (305.6 | )                        |   |   | -                                 |   |   |                                                     | -      |   |   |   | (305.6 | ) |
| Deferred income taxes               |   |                                     | -        |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | (370.8 | ) |   |   | (370.8 | ) |
| Policyholders liabilities           |   |                                     | -        |   |   |   | -      |                     |   |   | (17.8                             | )      |   |                                                     | -      |   |   |   | (17.8 | ) |
| Balance, September 30, 2009         |   | $                                        | (12.9    | )      |   | $      | (20.4  | )                        |   | $      | (17.8                             | )      |   | $                                                        | 19.0   |   |   | $ | (32.1 | ) |
|                                |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| Balance, January 1, 2009            |   | $                                        | (2,384.9 | )      |   | $      | 553.6  |                     |   | $      | -                                 |   |   | $                                                        | 642.1  |   |   | $ | (1,189.2 | ) |
| Cumulative impact of implementing   |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| new guidance                        |   |                                     | (72.8    | )      |   |   | 14.5   |                     |   |   | -                                 |   |   |                                                     | 20.4   |   |   |   | (37.9 | ) |
| Net investment gains                |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| arising during the period           |   |                                     | 2,451.5  |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | -      |   |   |   | 2,451.5 |   |
| Reclassification adjustment for     |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| OTTI losses:                        |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| Included in Net loss                |   |                                     | (9.5     | )      |   |   | -      |                     |   |   | -                                 |   |   |                                                     | -      |   |   |   | (9.5 | ) |
| Excluded from Net loss (1)          |   |                                     | 2.8      |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | -      |   |   |   | 2.8 |   |
| Impact of net unrealized investment |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| losses on:                          |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |
| DAC                                 |   |                                     | -        |   |   |   | (588.5 | )                        |   |   | -                                 |   |   |                                                     | -      |   |   |   | (588.5 | ) |
| Deferred income taxes               |   |                                     | -        |   |   |   | -      |                     |   |   | -                                 |   |   |                                                     | (643.5 | ) |   |   | (643.5 | ) |
| Policyholders liabilities           |   |                                     | -        |   |   |   | -      |                     |   |   | (17.8                             | )      |   |                                                     | -      |   |   |   | (17.8 | ) |
| Balance, September 30, 2009         |   | $                                        | (12.9    | )      |   | $      | (20.4  | )                        |   | $      | (17.8                             | )      |   | $                                                        | 19.0   |   |   | $ | (32.1 | ) |
|                                |   |                                     |     |   |   |   |   |                     |   |   |                              |   |   |                                                     |   |   |   |   |   |   |

|   | (1)     | Represents “transfers out” related to the portion of OTTI losses during the period that were not recognized in earnings for securities with no prior OTTI loss. |
|--------|-----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                      |   | September 30, 2010  |       |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|------------|
|                                                                                                                                                                                      |   | Less Than 12 Months |       |   | 12 Months or Longer |   |   | Total |   |
|                                                                                                                                                                                      |   |                |       |   | Gross |   |   |   |   |   | Gross |   |   |   |   |   | Gross |   |
|                                                                                                                                                                                      |   |                |       |   | Unrealized |   |   |   |   |   | Unrealized |   |   |   |   |   | Unrealized |   |
|                                                                                                                                                                                      |   | Fair Value          |       |   | Losses |   |   | Fair Value |   |   | Losses |   |   | Fair Value |   |   | Losses |   |
|                                                                                                                                                                                      |   | (In Millions)       |       |
|                                                                                                                                                                                      |   |                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed maturities:                                                                                                                                                                         |   |                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | $                   | 242.6      |   |   | $ | (6.2 | ) |   | $ | 635.1 |   |   | $ | (46.8 | ) |   | $ | 877.7 |   |   | $ | (53.0 | ) |
| U.S. Treasury,                                                                                                                                                                            |   |                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| government and agency                                                                                                                                                                     |   |                | 212.3      |   |   |   | (2.9 | ) |   |   | 206.6 |   |   |   | (13.5 | ) |   |   | 418.9 |   |   |   | (16.4 | ) |
| States and political                                                                                                                                                                      |   |                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| subdivisions                                                                                                                                                                    |   |                | 36.7       |   |   |   | - |   |   |   | 36.5 |   |   |   | (3.7 | ) |   |   | 73.2 |   |   |   | (3.7 | ) |
| Foreign governments                                                                                                                                                                       |   |                | -          |   |   |   | - |   |   |   | 1.0 |   |   |   | (.1 | ) |   |   | 1.0 |   |   |   | (.1 | ) |
| Commercial mortgage-backed                                                                                                                                                                |   |                | 3.8        |   |   |   | (1.4 | ) |   |   | 1,082.5 |   |   |   | (399.7 | ) |   |   | 1,086.3 |   |   |   | (401.1 | ) |
| Residential mortgage-backed                                                                                                                                                               |   |                | 543.0      |   |   |   | (2.2 | ) |   |   | 2.0 |   |   |   | (.1 | ) |   |   | 545.0 |   |   |   | (2.3 | ) |
| Asset-backed                                                                                                                                                                              |   |                | 4.3        |   |   |   | (.2 | ) |   |   | 85.0 |   |   |   | (12.8 | ) |   |   | 89.3 |   |   |   | (13.0 | ) |
|     Redeemable preferred stock                                                                                                                                             |   |                |  44.4 |   |   |   |  (.4 | ) |   |   |  801.2 |   |   |   |  (50.4 | ) |   |   |  845.6 |   |   |   |  (50.8 | ) |
|                                                                                                                                                                                      |   |                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                               |   | $                   | 1,087.1    |   |   | $ | (13.3 | ) |   | $ | 2,849.9 |   |   | $ | (527.1 | ) |   | $ | 3,937.0 |   |   | $ | (540.4 | ) |

|                                                                                                                                                                                      |   | December 31, 2009       |       |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|------------|
|                                                                                                                                                                                      |   | Less Than 12 Months (1) |       |   | 12 Months or Longer (1) |   |   | Total |   |
|                                                                                                                                                                                      |   |                    |       |   | Gross |   |   |   |   |   | Gross |   |   |   |   |   | Gross |   |
|                                                                                                                                                                                      |   |                    |       |   | Unrealized |   |   |   |   |   | Unrealized |   |   |   |   |   | Unrealized |   |
|                                                                                                                                                                                      |   | Fair Value              |       |   | Losses |   |   | Fair Value |   |   | Losses |   |   | Fair Value |   |   | Losses |   |
|                                                                                                                                                                                      |   | (In Millions)           |       |
|                                                                                                                                                                                      |   |                    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed maturities:                                                                                                                                                                         |   |                    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                                                                                                                                                            |   | $                       | 2,043.5    |   |   | $ | (53.9 | ) |   | $ | 2,022.3 |   |   | $ | (181.2 | ) |   | $ | 4,065.8 |   |   | $ | (235.1 | ) |
| U.S. Treasury,                                                                                                                                                                            |   |                    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| government and agency                                                                                                                                                                     |   |                    | 1,591.7    |   |   |   | (152.4 | ) |   |   | - |   |   |   | - |   |   |   | 1,591.7 |   |   |   | (152.4 | ) |
| States and political                                                                                                                                                                      |   |                    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| subdivisions                                                                                                                                                                         |   |                    | 209.7      |   |   |   | (10.5 | ) |   |   | 23.5 |   |   |   | (3.7 | ) |   |   | 233.2 |   |   |   | (14.2 | ) |
| Foreign governments                                                                                                                                                                       |   |                    | 41.0       |   |   |   | (.1 | ) |   |   | 5.1 |   |   |   | - |   |   |   | 46.1 |   |   |   | (.1 | ) |
| Commercial mortgage-backed                                                                                                                                                                |   |                    |  33.6 |   |   |   |  (15.7 | )  |   |   |  1,348.8 |   |   |   |  (476.2 | )  |   |   |  1,382.4 |   |   |   |  (491.9 | )  |
| Residential mortgage-backed                                                                                                                                                               |   |                    |  54.1 |   |   |   |  (.1 | )  |   |   |  2.4 |   |   |   |  (.2 | )  |   |   |  56.5 |   |   |   |  (.3 | )  |
| Asset-backed                                                                                                                                                                              |   |                    | 48.6       |   |   |   | (8.5 | ) |   |   | 68.6 |   |   |   | (12.9 | ) |   |   | 117.2 |   |   |   | (21.4 | ) |
| Redeemable preferred stock                                                                                                                                                                |   |                    | 51.2       |   |   |   | (6.6 | ) |   |   | 1,283.3 |   |   |   | (215.6 | ) |   |   | 1,334.5 |   |   |   | (222.2 | ) |
|                                                                                                                                                                                      |   |                    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                               |   | $                       | 4,073.4    |   |   | $ | (247.8 | ) |   | $ | 4,754.0 |   |   | $ | (889.8 | ) |   | $ | 8,827.4 |   |   | $ | (1,137.6 | ) |

| (1)      | The month count for aging of unrealized losses was reset back to historical unrealized loss month counts for securities impacted by the adoption of new guidance. |
|-----------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

|                                                                                                                                                                                                                                                                          |   |          |     |   | Gains (Losses) Reported |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|----------|--------|-------------------------|--------|
|                                                                                                                                                                                                                                                                          |   |          |     |   | Fair Value              |   |   | In Net Earnings |   |
|                                                                                                                                                                                                                                                                          |   | Notional      |     |   | Asset                   |   |   | Liability |   |   | Nine Months Ended |   |
|                                                                                                                                                                                                                                                                          |   | Amount        |     |   | Derivatives             |   |   | Derivatives |   |   | September 30 |   |
|                                                                                                                                                                                                                                                                          |   | (In Millions) |     |
| Freestanding derivatives:                                                                                                                                                                                                                                                     |   |          |     |   |                    |   |   |   |   |   |   |   |
| Equity contracts (1):                                                                                                                                                                                                                                                    |   |          |     |   |                    |   |   |   |   |   |   |   |
| Futures                                                               |   | $             | 4,348.5  |   |                    | $      | - |   |   | $ | .5 |   |   | $ | (368.2 | ) |
| Swaps                                                                 |   |          | 672.4    |   |                    |   | .1 |   |   |   | 54.4 |   |   |   | (18.6 | ) |
| Options                                                               |   |          | 1,007.8  |   |                    |   | 23.3 |   |   |   | 6.7 |   |   |   | (36.6 | ) |
|                                                                                                                                                                                                                                                                          |   |          |     |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate contracts (1):                                                                                                                                                                                                                                             |   |          |     |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Floors                                                                |   |          | 15,000.0 |   |                    |   | 423.2 |   |   |   | - |   |   |   | 217.9 |   |
| Swaps                                                                 |   |          | 5,883.5  |   |                    |   | 354.9 |   |   |   | 121.1 |   |   |   | 453.6 |   |
| Futures                                                               |   |          | 5,937.9  |   |                    |   | - |   |   |   | - |   |   |   | 531.5 |   |
| Swaptions                                                             |   |          | 2,356.0  |   |                    |   | 193.6 |   |   |   | - |   |   |   | 71.6 |   |
|                                                                                                                                                                                                                                                                          |   |          |     |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Other freestanding contracts (2):                                                                                                                                                                                                                                             |   |          |     |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Currency contracts                                                    |   |          | 154.7    |   |                    |   | - |   |   |   | .3 |   |   |   | 1.0 |   |
| Net investment income                                                 |   |          |     |   |                    |   |   |   |   |   |   |   |   |   | 852.2 |   |
|                                                                                                                                                                                                                                                                          |   |          |     |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Embedded derivatives:                                                                                                                                                                                                                                                         |   |          |     |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| GMIB reinsurance contracts(2)                                                                                                                                                                                                                                                 |   |          | -        |   |                    |   | 7,104.6 |   |   |   | - |   |   |   | 4,848.8 |   |
|                                                                                                                                                                                                                                                                          |   |          |     |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| GWBL features (3)                                           |   |          | -        |   |                    |   | - |   |   |   | 222.7 |   |   |   | (167.8 | ) |
|                                                                                                                                                                                                                                                                          |   |          |     |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Balances, September 30, 2010                                                                                                                                                                                                                                                  |   | $             | 35,360.8 |   |                    | $      | 8,099.7 |   |   | $ | 405.7 |   |   | $ | 5,533.2 |   |

|   (1)   | Reported in Other invested assets in the consolidated balance sheets. |
|------------------------|-----------------------------------------------------------------------|

| (2)   | Reported in Other assets in the consolidated balance sheets. |
|-----------------|--------------------------------------------------------------|

| (3)   | Reported in Future policy benefits and other policyholder liabilities. |
|-----------------|------------------------------------------------------------------------|

----

| 4)   | CLOSED BLOCK |
|----------------|--------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | September 30, 2010 |    |   | December 31, 2009 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | (In Millions)      |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |    |   |              |   |
| CLOSED BLOCK LIABILITIES:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |    |   |              |   |
| Future policy benefits, policyholders’ account balances and other                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $                  | 8,302.4 |   |              | $      | 8,411.7 |   |
| Policyholder dividend obligation                                                                                             |   |               | 300.8   |   |              |   | - |   |
| Other liabilities                                                                                                            |   |               | 54.8    |   |              |   | 69.8 |   |
| Total Closed Block liabilities                                                                                               |   |               | 8,658.0 |   |              |   | 8,481.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |    |   |              |   |   |   |
| ASSETS DESIGNATED TO THE CLOSED BLOCK:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |   |              |   |   |   |
| Fixed maturities, available for sale, at fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |               |    |   |              |   |   |   |
| (amortized cost of $5,573.6 and $5,575.5)                                                                                              |   |               | 5,936.6 |   |              |   | 5,631.2 |   |
| Mortgage loans on real estate                                                                                                |   |               | 999.5   |   |              |   | 1,028.5 |   |
| Policy loans                                                                                                                 |   |               | 1,130.0 |   |              |   | 1,157.5 |   |
| Cash and other invested assets                                                                                               |   |               | 30.8    |   |              |   | 68.2 |   |
| Other assets                                                                                                                 |   |               | 252.1   |   |              |   | 264.1 |   |
| Total assets designated to the Closed Block                                                                                  |   |               | 8,349.0 |   |              |   | 8,149.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |    |   |              |   |   |   |
| Excess of Closed Block liabilities over assets designated to                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |    |   |              |   |   |   |
| the Closed Block                                                                                                                       |   |               | 309.0   |   |              |   | 332.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |    |   |              |   |   |   |
| Amounts included in accumulated other comprehensive income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |    |   |              |   |   |   |
| Net unrealized investment gains, net of deferred income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |    |   |              |   |   |   |
| tax expense of $25.7 and $23.4 and policyholder                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |               |    |   |              |   |   |   |
| dividend obligation of $300.8 and $0                                                                                                                  |   |               | 47.7    |   |              |   | 43.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |    |   |              |   |   |   |
| Maximum Future Earnings To Be Recognized From Closed Block                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |    |   |              |   |   |   |
| Assets and Liabilities                                                                                                                 |   | $                  | 356.7   |   |              | $      | 375.6 |   |

----

|                                                                                                                                                                                                                                                                                                                |   | Three Months Ended September 30, |   |   | Nine Months Ended September 30, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|--------|--------|---------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                |   | 2010                             |   |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                |   | (In Millions)                    |   |
|                                                                                                                                                                                                                                                                                                                |   |                             |   |   |                            |   |   |   |   |   |   |   |
| REVENUES:                                                                                                                                                                                                                                                                                                           |   |                             |   |   |                            |   |   |   |   |   |   |   |
| Premiums and other income                                                |   | $                                | 85.2   |   |                            | $      | 88.6 |   |   | $ | 272.4 |   |   | $ | 284.4 |   |
| Investment income (net of investment                                                                                                                                                                                                                                                                                |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| expenses of $0, $0, $0 and $0)                                                                                                                                                                                                                                                                                      |   |                             | 115.0  |   |                            |   | 119.8 |   |   |   | 349.8 |   |   |   | 362.6 |   |
| Investment (losses) gains, net:                                                                                                                                                                                                                                                                                |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Total other-than-temporary                                                                                                                                                                                                                                                                                          |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| impairment losses                                                                  |   |                             | -      |   |                            |   | (5.7 | ) |   |   | (7.7 | ) |   |   | (7.8 | ) |
| Portion of loss recognized in other                                                                                                                                                                                                                                                                                 |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| comprehensive income                                                               |   |                             | -      |   |                            |   | - |   |   |   | .5 |   |   |   | - |   |
| Net impairment losses recognized                                                                                                                                                                                                                                                                                    |   |                             | -      |   |                            |   | (5.7 | ) |   |   | (7.2 | ) |   |   | (7.8 | ) |
| Other investment (losses) gains, net                                                                                                                                                                                                                                                                                |   |                             | (.4    | )      |                            |   | (2.3 | ) |   |   | 5.8 |   |   |   | 9.1 |   |
| Total investment (losses) gains, net                                                                                                                                                                                                                                                                                |   |                             | (.4    | )      |                            |   | (8.0 | ) |   |   | (1.4 | ) |   |   | 1.3 |   |
| Total revenues                                                           |   |                             | 199.8  |   |                            |   | 200.4 |   |   |   | 620.8 |   |   |   | 648.3 |   |
|                                                                                                                                                                                                                                                                                                                |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| BENEFITS AND                                                                                                                                                                                                                                                                                                        |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| OTHER DEDUCTIONS:                                                                                                                                                                                                                                                                                                   |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Policyholders’ benefits and dividends                                                                                                                                                                                                                                                                         |   |                             | 186.2  |   |                            |   | 192.1 |   |   |   | 590.1 |   |   |   | 606.3 |   |
| Other operating costs and expenses                                                                                                                                                                                                                                                                                  |   |                             | .4     |   |                            |   | .4 |   |   |   | 1.7 |   |   |   | 1.7 |   |
| Total benefits and other deductions                                                                                                                                                                                                                                                                                 |   |                             | 186.6  |   |                            |   | 192.5 |   |   |   | 591.8 |   |   |   | 608.0 |   |
|                                                                                                                                                                                                                                                                                                                |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Net revenues before income taxes                                                                                                                                                                                                                                                                                    |   |                             | 13.2   |   |                            |   | 7.9 |   |   |   | 29.0 |   |   |   | 40.3 |   |
| Income tax expense                                                       |   |                             | (4.6   | )      |                            |   | (2.8 | ) |   |   | (10.1 | ) |   |   | (14.1 | ) |
| Net Revenues                                                             |   | $                                | 8.6    |   |                            | $      | 5.1 |   |   | $ | 18.9 |   |   | $ | 26.2 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Nine Months Ended |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | September 30,     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |              | 2010   |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | (In Millions)     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |              |   |   |   |   |   |
| Balances, beginning of year                                                                                     |              | $      | - |   |   | $ | - |   |
| Unrealized investment gains                                                                                     |              |   | 300.8 |   |   |   | 17.9 |   |
| Balances, End of Period                                                                                         |              | $      | 300.8 |   |   | $ | 17.9 |   |

| 5)   | DISCONTINUED OPERATIONS |
|----------------|-------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                          |   | Three Months Ended September 30, |   |   | Nine Months Ended September 30, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|--------|--------|---------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                          |   | 2010                             |   |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                          |   |   (In Millions)        |   |
|                                                                                                                                                                                                                                                                                                                                                          |   |                             |   |   |                            |   |   |   |   |   |   |   |
| (Losses) Earnings from Discontinued Operations, Net of Income Taxes:                                                                                                                                                                                                                                                                                          |   |                             |   |   |                            |   |   |   |   |   |   |   |
| Wind-up Annuities                                                               |   | $                                | -      |   |                            | $      | (4.5 | ) |   | $ | - |   |   | $ | (8.3 | ) |
| Real estate held-for-sale                                                       |   |                             | -      |   |                            |   | - |   |   |   | - |   |   |   | 12.4 |   |
| Total                                                                           |   | $                                | -      |   |                            | $      | (4.5 | ) |   | $ | - |   |   | $ | 4.1 |   |

| 6)   | GMDB, GMIB, GWBL AND NO LAPSE GUARANTEE FEATURES |
|----------------|--------------------------------------------------|

| ·   | Return of Premium: the benefit is the greater of current account value or premiums paid (adjusted for withdrawals); |
|--------------------|---------------------------------------------------------------------------------------------------------------------|

| ·   | Ratchet: the benefit is the greatest of current account value, premiums paid (adjusted for withdrawals), or the highest account value on any anniversary up to contractually specified ages (adjusted for withdrawals); |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Roll-Up: the benefit is the greater of current account value or premiums paid (adjusted for withdrawals) accumulated at contractually specified interest rates up to specified ages; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Combo: the benefit is the greater of the ratchet benefit or the roll-up benefit which may include a five year or an annual reset; or |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Withdrawal: the withdrawal is guaranteed up to a maximum amount per year for life. |
|--------------------|------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                              |   | GMDB          |    |   | GMIB   |   |    | Total  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                              |   | (In Millions) |    |
|                                                                                                                                                                                                                                                                                                                                                                                                              |   |          |    |
| Balance at January 1, 2010                                                                  |   | $             | 1,086.5 |   |   | $      | 1,612.9 |   |   | $ | 2,699.4 |   |
| Paid guarantee benefits                                                                               |   |          | (157.4  | )      |   |   | (32.4   | )      |   |   | (189.8 | ) |
| Other changes in reserve                                                                              |   |          | 416.1   |   |   |   | 1,537.4 |   |   |   | 1,953.5 |   |
| Balance at September 30, 2010                                                               |   | $             | 1,345.2 |   |   | $      | 3,117.9 |   |   | $ | 4,463.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                              |   |          |    |   |   |   |    |   |   |   |   |   |
| Balance at January 1, 2009                                                                  |   | $             | 980.9   |   |   | $      | 1,979.9 |   |   | $ | 2,960.8 |   |
| Paid guarantee benefits                                                                               |   |          | (196.5  | )      |   |   | (45.9   | )      |   |   | (242.4 | ) |
| Other changes in reserve                                                                              |   |          | 258.7   |   |   |   | (135.2  | )      |   |   | 123.5 |   |
| Balance at September 30, 2009                                                               |   | $             | 1,043.1 |   |   | $      | 1,798.8 |   |   | $ | 2,841.9 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                         | Nine Months Ended |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                         | September 30,     |   |
|                                                                                                                                                                                                                                                                                                                                                                         |              | 2010   |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                         | (In Millions)     |   |
|                                                                                                                                                                                                                                                                                                                                                                         |              |   |   |   |   |   |
| Balance at beginning of year                                                         |              | $      | 405.0 |   |   | $ | 327.3 |   |
| Paid guarantee benefits                                                                        |              |   | (63.4 | ) |   |   | (69.1 | ) |
| Other changes in reserve                                                                       |              |   | 214.0 |   |   |   | 116.8 |   |
| Balance at End of Period                                                             |              | $      | 555.6 |   |   | $ | 375.0 |   |

|                                                                                                                                                                                                                                                                                  |   | ReturnofPremium       |   |   |   Ratchet |   |   |   Roll-Up |   |   |   Combo |   |   |   Total |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|--------|--------|----------------|--------|--------|----------------|--------|--------|--------------|--------|--------|--------------|--------|
|                                                                                                                                                                                                                                                                                  |   | (Dollars In Millions) |   |
|                                                                                                                                                                                                                                                                                  |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |
| GMDB:                                                                                                                                                                                                                                                                                 |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |
| Account values invested in:                                                                                                                                                                                                                                                           |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |
|         General Account                                                                                                                                                                                                                            |   | $                     | 11,560 |   |           | $      | 260    |           |   | $      | 143          |   |   | $            | 526    |   |   | $ | 12,489 |   |
|         Separate Accounts                                                                                                                                                                                                                     |   | $                     | 27,015 |   |           | $      | 7,149  |           |   | $      | 4,073        |   |   | $            | 32,718 |   |   | $ | 70,955 |   |
|     Net amount at risk, gross                                                                                                                                                                                                                                     |   | $                     | 1,893  |   |           | $      | 1,478  |           |   | $      | 2,852        |   |   | $            | 11,240 |   |   | $ | 17,463 |   |
| Net amount at risk, net of                                                                                                                                                                                                                                                            |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |   |   |   |   |   |
| amounts reinsured                                                                  |   | $                     | 1,893  |   |           | $      | 936    |           |   | $      | 1,926        |   |   | $            | 4,534  |   |   | $ | 9,289 |   |
| Average attained age                                                                                                                                                                                                                                                                  |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |   |   |   |   |   |
| of contractholders                                                            |   |                  | 50.0   |   |           |   | 62.6   |           |   |   | 67.6         |   |   |         | 63.0   |   |   |   | 53.7 |   |
| Percentage of contractholders                                                                                                                                                                                                                                                         |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |   |   |   |   |   |
| over age 70                                                                   |   |                  | 7.7    | %      |           |   | 25.7   | %              |   |   | 43.8         | %      |   |         | 25.4   | % |   |   | 13.3 | % |
| Range of contractually specified                                                                                                                                                                                                                                                      |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |   |   |   |   |   |
| interest rates                                                                     |   |                  | N/A    |   |           |   | N/A    |           |   |   | 3%-6         | %      |   |         | 3%-6.5 | % |   |   | 3%-6.5 | % |
|                                                                                                                                                                                                                                                                                  |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |   |   |   |   |   |
| GMIB:                                                                                                                                                                                                                                                                                 |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |   |   |   |   |   |
| Account values invested in:                                                                                                                                                                                                                                                           |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |   |   |   |   |   |
| General Account                                                                    |   |                  | N/A    |   |           |   | N/A    |           |   | $      | 32           |   |   | $            | 633    |   |   | $ | 665 |   |
| Separate Accounts                                                                  |   |                  | N/A    |   |           |   | N/A    |           |   | $      | 2,726        |   |   | $            | 44,766 |   |   | $ | 47,492 |   |
| Net amount at risk, gross                                           |   |                  | N/A    |   |           |   | N/A    |           |   | $      | 1,602        |   |   | $            | 3,153  |   |   | $ | 4,755 |   |
| Net amount at risk, net of                                                                                                                                                                                                                                                            |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |   |   |   |   |   |
| amounts reinsured                                                                  |   |                  | N/A    |   |           |   | N/A    |           |   | $      | 472          |   |   | $            | 839    |   |   | $ | 1,311 |   |
| Weighted average years                                                                                                                                                                                                                                                                |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |   |   |   |   |   |
| remaining until annuitization                                                                                                                                                                                                                                                         |   |                  | N/A    |   |           |   | N/A    |           |   |   | .8           |   |   |         | 6.4    |   |   |   | 5.9 |   |
| Range of contractually specified                                                                                                                                                                                                                                                      |   |                  |   |   |           |   |   |           |   |   |         |   |   |         |   |   |   |   |   |   |
| interest rates                                                                                                                                                                                                                                                                   |   |                  | N/A    |   |           |   | N/A    |           |   |   | 3%-6         | %      |   |         | 3%-6.5 | % |   |   | 3%-6.5 | % |

----

| Investment in Variable Insurance Trust Mutual Funds                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | September 30, |   | December 31, |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | 2010 |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | (In Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |
| GMDB:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
| Equity                                                                                            |   | $ | 44,567 |   |   | $ | 41,447 |   |
| Fixed income                                                                                      |   |   | 4,223 |   |   |   | 3,957 |   |
| Balanced                                                                                          |   |   | 21,365 |   |   |   | 20,940 |   |
| Other                                                                                             |   |   | 800 |   |   |   | 2,246 |   |
| Total                                                                                             |   | $ | 70,955 |   |   | $ | 68,590 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| GMIB:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
| Equity                                                                                            |   | $ | 29,265 |   |   | $ | 27,837 |   |
| Fixed income                                                                                      |   |   | 2,645 |   |   |   | 2,514 |   |
| Balanced                                                                                          |   |   | 15,157 |   |   |   | 15,351 |   |
| Other                                                                                             |   |   | 425 |   |   |   | 618 |   |
| Total                                                                                             |   | $ | 47,492 |   |   | $ | 46,320 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                              |   | Direct        |   |   | Reinsurance |   |   |   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|--------|--------|-------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                              |   | Liability     |   |   | Ceded       |   |   | Net    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                              |   | (In Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                              |   |          |   |   |        |   |   |   |   |
| Balance at January 1, 2010                                                                  |   | $             | 255.0  |   |        | $      | (173.6 | )      |   | $ | 81.4 |   |
| Other changes in reserves                                                                                  |   |          | 84.0   |   |        |   | (29.0  | )      |   |   | 55.0 |   |
| Balance at September 30, 2010                                                               |   | $             | 339.0  |   |        | $      | 202.6  |   |   | $ | 136.4 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                              |   |          |   |   |        |   |   |   |   |   |   |   |
| Balance at January 1, 2009                                                                  |   | $             | 203.0  |   |        | $      | (152.6 | )      |   | $ | 50.4 |   |
| Other changes in reserves                                                                                  |   |          | 19.0   |   |        |   | (6.0   | )      |   |   | 13.0 |   |
| Balance at September 30, 2009                                                               |   | $             | 222.0  |   |        | $      | (158.6 | )      |   | $ | 63.4 |   |

| 7)   | FAIR VALUE DISCLOSURES |
|----------------|------------------------|

| Level 1 | Quoted prices for identical instruments in active markets.  Level 1 fair values generally are supported by market transactions that occur with sufficient frequency and volume to provide pricing information on an ongoing basis.                                                                   |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Level 2 | Observable inputs other than Level 1 prices, such as quoted prices for similar instruments, quoted prices in markets that are not active, and inputs to model-derived valuations that are directly observable or can be corroborated by observable market data.                                                |
| Level 3 | Unobservable inputs supported by little or no market activity and often requiring significant management judgment or estimation, such as an entity’s own assumptions about the cash flows or other significant components of value that market participants would use in pricing the asset or liability. |

----

|                                                    |   | Level 1       |     |   | Level 2 |   |     | Level 3 |   |   | Total   |   |
|---------------------------------------------------------|--------|---------------|----------|--------|---------|--------|----------|---------|--------|--------|---------|--------|
|                                                    |   | (In Millions) |     |
|     Assets                          |   |          |     |   |    |   |     |    |   |   |    |   |
|     Investments:                         |   |          |     |   |    |   |     |    |   |   |    |   |
| Fixed maturities, available-for-sale:                   |   |          |     |   |    |   |     |    |   |   |    |   |
| Corporate                                               |   | $             | 6.4      |   |    | $      | 22,593.8 |    |   | $      | 372.4   |   |   | $ | 22,972.6 |   |
| U.S. Treasury, government                               |   |          |     |   |    |   |     |    |   |   |    |   |   |   |   |   |
| and agency                                              |   |          | -        |   |    |   | 2,077.5  |    |   |   | -       |   |   |   | 2,077.5 |   |
| States and political subdivisions                       |   |          | -        |   |    |   | 448.2    |    |   |   | 52.5    |   |   |   | 500.7 |   |
| Foreign governments                                     |   |          | -        |   |    |   | 443.4    |    |   |   | 20.8    |   |   |   | 464.2 |   |
| Commercial mortgage-backed                              |   |          | -        |   |    |   | -        |    |   |   | 1,258.5 |   |   |   | 1,258.5 |   |
| Residential mortgage-backed (1)                         |   |          | -        |   |    |   | 1,814.0  |    |   |   | .2      |   |   |   | 1,814.2 |   |
| Asset-backed (2)                                   |   |          | -        |   |    |   | 108.6    |    |   |   | 144.6   |   |   |   | 253.2 |   |
| Redeemable preferred stock                              |   |          | 244.6    |   |    |   | 1,272.9  |    |   |   | 2.5     |   |   |   | 1,520.0 |   |
| Subtotal                                                |   |          | 251.0    |   |    |   | 28,758.4 |    |   |   | 1,851.5 |   |   |   | 30,860.9 |   |
| Other equity investments                                |   |          | 62.0     |   |    |   | .1       |    |   |   | .6      |   |   |   | 62.7 |   |
| Trading securities                                      |   |          | 556.6    |   |    |   | 74.6     |    |   |   | .2      |   |   |   | 631.4 |   |
| Other invested assets:                                  |   |          |     |   |    |   |     |    |   |   |    |   |   |   |   |   |
| Short-term                                              |   |          | -        |   |    |   | 123.1    |    |   |   | -       |   |   |   | 123.1 |   |
| Futures                                                 |   |          | -        |   |    |   | (.5      | )  |   |   | -       |   |   |   | (.5 | )  |
| Swaps                                                   |   |          | -        |   |    |   | 179.2    |    |   |   | -       |   |   |   | 179.2 |   |
| Options                                                 |   |          | -        |   |    |   | 16.6     |    |   |   | -       |   |   |   | 16.6 |   |
| Floors                                                  |   |          | -        |   |    |   | 423.2    |    |   |   | -       |   |   |   | 423.2 |   |
| Swaptions                                               |   |          | -        |   |    |   | 193.6    |    |   |   | -       |   |   |   | 193.6 |   |
| Subtotal                                                |   |          | -        |   |    |   | 935.2    |    |   |   | -       |   |   |   | 935.2 |   |
|     Cash equivalents                |   |          | 1,855.5  |   |    |   | -        |    |   |   | -       |   |   |   | 1,855.5 |   |
|     Segregated securities           |   |          | -        |   |    |   | 740.3    |    |   |   | -       |   |   |   | 740.3 |   |
| G GMIB reinsurance contracts                       |   |          | -        |   |    |   | -        |    |   |   | 7,104.6 |   |   |   | 7,104.6 |   |
|     Separate Accounts’ assets |   |          | 84,380.2 |   |    |   | 1,751.4  |    |   |   | 211.6   |   |   |   | 86,343.2 |   |
| Total Assets                                            |   | $             | 87,105.3 |   |    | $      | 32,260.0 |    |   | $      | 9,168.5 |   |   | $ | 128,533.8 |   |
|                                                    |   |          |     |   |    |   |     |    |   |   |    |   |   |   |   |   |
|     Liabilities                          |   |          |     |   |    |   |     |    |   |   |    |   |   |   |   |   |
|     GWBL features’ liability  |   | $             | -        |   |    | $      | -        |    |   | $      | 222.7   |   |   | $ | 222.7 |   |
| Total Liabilities                                       |   | $             | -        |   |    | $      | -        |    |   | $      | 222.7   |   |   | $ | 222.7 |   |

|    (1)     | Includes publicly traded agency pass-through securities and collateralized obligations. |
|-------------------------------------|-----------------------------------------------------------------------------------------|

| (2)     | Includes credit-tranched securities collateralized by sub-prime mortgages and other asset types and credit tenant loans. |
|------------------------|--------------------------------------------------------------------------------------------------------------------------|

----

|                                                    |   | Level 1       |     |   | Level 2 |   |     | Level 3 |   |   | Total   |   |
|---------------------------------------------------------|--------|---------------|----------|--------|---------|--------|----------|---------|--------|--------|---------|--------|
|                                                    |   | (In Millions) |     |
|     Assets                          |   |          |     |   |    |   |     |    |   |   |    |   |
|     Investments:                    |   |          |     |   |    |   |     |    |   |   |    |   |
| Fixed maturities, available-for-sale:                   |   |          |     |   |    |   |     |    |   |   |    |   |
| Corporate                                               |   | $             | -        |   |    | $      | 19,728.5 |    |   | $      | 465.6   |   |   | $ | 20,194.1 |   |
| U.S. Treasury, government                               |   |          |     |   |    |   |     |    |   |   |    |   |   |   |   |   |
| and agency                                              |   |          | -        |   |    |   | 1,690.0  |    |   |   | -       |   |   |   | 1,690.0 |   |
| States and political subdivisions                       |   |          | -        |   |    |   | 334.3    |    |   |   | 47.4    |   |   |   | 381.7 |   |
| Foreign governments                                     |   |          | -        |   |    |   | 281.6    |    |   |   | 20.7    |   |   |   | 302.3 |   |
| Commercial mortgage-backed                              |   |          | -        |   |    |   | -        |    |   |   | 1,489.8 |   |   |   | 1,489.8 |   |
| Residential mortgage-backed (1)                         |   |          | -        |   |    |   | 1,650.6  |    |   |   | -       |   |   |   | 1,650.6 |   |
| Asset-backed (2)                                   |   |          | -        |   |    |   | 50.6     |    |   |   | 217.1   |   |   |   | 267.7 |   |
| Redeemable preferred stock                              |   |          | 190.6    |   |    |   | 1,291.0  |    |   |   | 12.4    |   |   |   | 1,494.0 |   |
| Subtotal                                                |   |          | 190.6    |   |    |   | 25,026.6 |    |   |   | 2,253.0 |   |   |   | 27,470.2 |   |
| Other equity investments                                |   |          | 90.3     |   |    |   | -        |    |   |   | .9      |   |   |   | 91.2 |   |
| Trading securities                                      |   |          | 423.0    |   |    |   | 60.9     |    |   |   | .7      |   |   |   | 484.6 |   |
| Other invested assets                                   |   |          | -        |   |    |   | (36.3    | )       |   |   | 299.6   |   |   |   | 263.3 |   |
|     Cash equivalents                |   |          | 1,366.5  |   |    |   | -        |    |   |   | -       |   |   |   | 1,366.5 |   |
|     Segregated securities           |   |          | -        |   |    |   | 985.7    |    |   |   | -       |   |   |   | 985.7 |   |
|     GMIB reinsurance contracts      |   |          | -        |   |    |   | -        |    |   |   | 2,255.8 |   |   |   | 2,255.8 |   |
|     Separate Accounts’ assets |   |          | 82,102.3 |   |    |   | 1,684.5  |    |   |   | 229.7   |   |   |   | 84,016.5 |   |
| Total Assets                                            |   | $             | 84,172.7 |   |    | $      | 27,721.4 |    |   | $      | 5,039.7 |   |   | $ | 116,933.8 |   |
|                                                    |   |          |     |   |    |   |     |    |   |   |    |   |   |   |   |   |
|     Liabilities                          |   |          |     |   |    |   |     |    |   |   |    |   |   |   |   |   |
|     GWBL features’ liability  |   | $             | -        |   |    | $      | -        |    |   | $      | 54.9    |   |   | $ | 54.9 |   |
| Total Liabilities                                       |   | $             | -        |   |    | $      | -        |    |   | $      | 54.9    |   |   | $ | 54.9 |   |

| (1)   | Includes publicly traded agency pass-through securities and collateralized obligations. |
|-----------------|-----------------------------------------------------------------------------------------|

| (2)   | Includes credit-tranched securities collateralized by sub-prime mortgages and other asset types and credit tenant loans. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------|

----

----

----

|   | The table below presents a reconciliation for all Level 3 assets and liabilities for third quarter and first nine months of 2010 and 2009, respectively: |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                  |   |   Corporate |   |   | U.S.Treasury,Govt andAgency |   |   |   ForeignGovts |   |   | State andPoliticalSub-divisions |   |   | Commer-cialMortgage-backed |   |   | Residen-tialMortgagebacked |   |    |   Asset-backed |   |
|---------------------------------------|--------|------------------|--------|--------|-----------------------------|--------|--------|---------------------|--------|--------|---------------------------------|--------|--------|----------------------------|--------|--------|----------------------------|--------|---------|---------------------|--------|
|                                  |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |
| Discrete third quarter:               |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |
| Balance, July 1, 2010                 |   | $                | 426.5  |   |                        | $      | -      |                |   | $      | 1.0                             |   |   | $                          | 50.3   |   |                       | $      | 1,243.3 |                |   | $ | .2 |   |   | $ | 148.3 |   |
| Total gains (losses),                 |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| realized and unrealized,              |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| included in:                          |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Earnings as:                          |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Net investment income                 |   |             | .8     |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | .6      |                |   |   | - |   |   |   | (.1 | ) |
| Investment losses, net                |   |             | (1.4   | )      |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | (122.1  | )                   |   |   | - |   |   |   | .4 |   |
| Increase in the                       |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| fair value of the                     |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| reinsurance contracts                 |   |             | -      |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | -       |                |   |   | - |   |   |   | - |   |
| Subtotal                              |   |             | (.6    | )      |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | (121.5  | )                   |   |   | - |   |   |   | .3 |   |
| Other comprehensive                   |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| income                                |   |             | 8.4    |   |                        |   | -      |                |   |   | .4                              |   |   |                       | 2.4    |   |                       |   | 145.5   |                |   |   | - |   |   |   | 3.3 |   |
| Purchases/issuances              |   |             | 10.0   |   |                        |   | -      |                |   |   |                            |   |   |                       | -      |   |                       |   | -       |                |   |   | - |   |   |   | - |   |
| Sales/settlements                     |   |             | (12.2  | )      |                        |   | -      |                |   |   | -                               |   |   |                       | (.2    | )      |                       |   | (8.8    | )                   |   |   | - |   |   |   | (7.3 | ) |
| Transfers into/out of                 |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Level 3 (2)                      |   |             | (59.7  | )      |                        |   | -      |                |   |   | 19.4                            |   |   |                       | -      |   |                       |   | -       |                |   |   | - |   |   |   | - |   |
| Balance, Sept. 30, 2010               |   | $                | 372.4  |   |                        | $      | -      |                |   | $      | 20.8                            |   |   | $                          | 52.5   |   |                       | $      | 1,258.5 |                |   | $ | .2 |   |   | $ | 144.6 |   |
|                                  |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| First nine months of  2010: |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Balance, January 1, 2010              |   | $                | 465.6  |   |                        | $      | -      |                |   | $      | 20.7                            |   |   | $                          | 47.4   |   |                       | $      | 1,489.8 |                |   | $ | - |   |   | $ | 217.1 |   |
| Total gains (losses),                 |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| realized and unrealized,              |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| included in:                          |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Earnings as:                          |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Net investment income                 |   |             | 2.4    |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | 2.0     |                |   |   | - |   |   |   | - |   |
| Investment losses, net                |   |             | (1.2   | )      |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | (190.5  | )                   |   |   | - |   |   |   | .4 |   |
| Increase in the                       |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| fair value of the                     |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| reinsurance contracts                 |   |             | -      |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | -       |                |   |   | - |   |   |   | - |   |
| Subtotal                              |   |             | 1.2    |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | (188.5  | )                   |   |   | - |   |   |   | .4 |   |
| Other comprehensive                   |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| income                                |   |             | 22.1   |   |                        |   | -      |                |   |   | .3                              |   |   |                       | 5.7    |   |                       |   | 93.4    |                |   |   | - |   |   |   | 8.2 |   |
| Purchases/issuances                   |   |             | 38.4   |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | -       |                |   |   | - |   |   |   | - |   |
| Sales/settlements                     |   |             | (46.2  | )      |                        |   | -      |                |   |   | (.2                             | )      |   |                       | (.6    | )      |                       |   | (136.2  | )                   |   |   | - |   |   |   | (30.9 | ) |
| Transfers into/out of                 |   |             |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Level 3 (2)                      |   |             | (108.7 | )      |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | -       |                |   |   | .2 |   |   |   | (50.2 | ) |
| Balance, Sept. 30, 2010               |   | $                | 372.4  |   |                        | $      | -      |                |   | $      | 20.8                            |   |   | $                          | 52.5   |   |                       | $      | 1,258.5 |                |   | $ | .2 |   |   | $ | 144.6 |   |

| (1)   | Includes Trading securities’ Level 3 amount. |
|-----------------|----------------------------------------------------|

| (2)   | Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values. |
|-----------------|------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                |   | Redeem-ablePreferredStock |   |   |   OtherEquityInvestments(1) |   |   |   OtherInvestedAssets |   |   |   GMIBReinsuranceAsset |   |   |   SeparateAccountsAssets |    |   |   GWBLFeaturesLiability |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|--------|--------|----------------------------------|--------|--------|----------------------------|--------|--------|-----------------------------|--------|--------|-------------------------------|---------|--------|------------------------------|--------|
| Discrete third quarter:                                                                                                                                                                                                             |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |
| Balance, July 1, 2010                                                                                                                                                                                                               |   | $                         | 2.5    |   |                             | $      | 13.5   |                       |   | $      | 12.4                        |   |   | $                             | 4,035.6 |   |                         | $      | 205.1 |   |   | $ | 178.7 |   |
| Total gains (losses),                                                                                                                                                                                                               |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| realized and unrealized,                                                                                                                                                                                                            |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| included in:                                                                                                                                                                                                                        |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| Earnings as:                                                                                                                                                                                                                        |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| Net investment income                                                                                                                                                                                                               |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | -       |   |                         |   | - |   |   |   | - |   |
| Investment losses, net                                                                                                                                                                                                              |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | -       |   |                         |   | 4.3 |   |   |   | - |   |
| Increase in the                                                                                                                                                                                                                     |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| fair value of the                                                                                                                                                                                                                   |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| reinsurance contracts                                                                                                                                                                                                               |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | 3,019.6 |   |                         |   | - |   |   |   | - |   |
| Policyholders’ benefits                                                                                                                                                                                                       |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | -       |   |                         |   | - |   |   |   | 41.7 |   |
| Subtotal                                                                      |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | 3,019.6 |   |                         |   | 4.3 |   |   |   | 41.7 |   |
| Other comprehensive                                                                                                                                                                                                                 |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| income                                                                   |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | -       |   |                         |   | - |   |   |   | - |   |
| Purchases/issuances                                                                                                                                                                                                            |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | 49.4    |   |                         |   | .1 |   |   |   | 2.3 |   |
| Sales/settlements                                    |   |                      | -      |   |                             |   | (.1    | )                          |   |   | -                           |   |   |                          | -       |   |                         |   | (2.6 | ) |   |   | - |   |
| Transfers into/out of                                                                                                                                                                                                               |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| Level 3 (2)                                                         |   |                      | -      |   |                             |   | (12.6  | )                          |   |   | (12.4                       | )      |   |                          | -       |   |                         |   | 4.7 |   |   |   | - |   |
| Balance, Sept. 30, 2010                                                                                                                                                                                                             |   | $                         | 2.5    |   |                             | $      | .8     |                       |   | $      | -                           |   |   | $                             | 7,104.6 |   |                         | $      | 211.6 |   |   | $ | 222.7 |   |
|                                                                                                                                                                                                                                |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| First nine months of 2010:                                                                                                                                                                                                          |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| Balance, January 1, 2010                                                                                                                                                                                                            |   | $                         | 12.4   |   |                             | $      | 1.7    |                       |   | $      | 299.6                       |   |   | $                             | 2,255.8 |   |                         | $      | 229.7 |   |   | $ | 54.9 |   |
| Total gains (losses),                                                                                                                                                                                                               |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| realized and unrealized,                                                                                                                                                                                                            |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| included in:                                                                                                                                                                                                                        |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| Earnings as:                                                                                                                                                                                                                        |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| Net investment income                                                                                                                                                                                                               |   |                      | -      |   |                             |   | (.5    | )                          |   |   | -                           |   |   |                          | -       |   |                         |   | - |   |   |   | - |   |
| Investment losses, net                                                                                                                                                                                                              |   |                      | 3.9    |   |                             |   | -      |                       |   |   | -                           |   |   |                          | -       |   |                         |   | (18.0 | ) |   |   | - |   |
| Increase in the                                                                                                                                                                                                                     |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| fair value of the                                                                                                                                                                                                                   |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| reinsurance contracts                                                                                                                                                                                                               |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | 4,698.3 |   |                         |   | - |   |   |   | - |   |
| Policyholders’ benefits                                                                                                                                                                                                       |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | -       |   |                         |   | - |   |   |   | 156.5 |   |
| Subtotal                                                                      |   |                      | 3.9    |   |                             |   | (.5    | )                          |   |   | -                           |   |   |                          | 4,698.3 |   |                         |   | (18.0 | ) |   |   | 156.5 |   |
| Other comprehensive                                                                                                                                                                                                                 |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| income                                                                   |   |                      |   |   |                             |   | .1     |                       |   |   | -                           |   |   |                          | -       |   |                         |   | - |   |   |   | - |   |
| Purchases/issuances                                                                                                                                                                                                                 |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | 150.5   |   |                         |   | 1.5 |   |   |   | 11.3 |   |
| Sales/settlements                                                                                                                                                                                                                   |   |                      | (13.8  | )      |                             |   | (.3    | )                          |   |   | -                           |   |   |                          | -       |   |                         |   | (7.2 | ) |   |   | - |   |
| Transfers into/out of                                                                                                                                                                                                               |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |   |   |   |   |   |   |
| Level 3 (2)                                                         |   |                      | -      |   |                             |   | (.2    | )                          |   |   | (299.6                      | )      |   |                          | -       |   |                         |   | 5.6 |   |   |   | - |   |
| Balance, Sept. 30, 2010                                                                                                                                                                                                             |   | $                         | 2.5    |   |                             | $      | .8     |                       |   | $      | -                           |   |   | $                             | 7,104.6 |   |                         | $      | 211.6 |   |   | $ | 222.7 |   |

| (1)   |  Includes Trading securities’ Level 3 amount. |
|-----------------|----------------------------------------------------------|

| (2)   | Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values. |
|-----------------|------------------------------------------------------------------------------------------------|

----

|                                  |   | Corporate |   |   | U.S.Treasury,Govt andAgency |   |   |   ForeignGovts |   |   | State andPoliticalSub-divisions |   |   | Commer-cialMortgage-backed |   |   | Residen-tialMortgagebacked |   |    |   Asset-backed |   |
|---------------------------------------|--------|-----------|--------|--------|-----------------------------|--------|--------|---------------------|--------|--------|---------------------------------|--------|--------|----------------------------|--------|--------|----------------------------|--------|---------|---------------------|--------|
|                                  |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |
| Discrete third quarter:               |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |
| Balance, July 1, 2009                 |   | $         | 395.4  |   |                        | $      | -      |                |   | $      | 19.3                            |   |   | $                          | 47.9   |   |                       | $      | 1,610.4 |                |   | $ | - |   |   | $ | 223.3 |   |
| Total gains (losses),                 |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| realized and unrealized,              |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| included in:                          |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Loss as:                              |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Net investment loss                   |   |      | .7     |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | .7      |                |   |   | - |   |   |   | (.4 | ) |
| Investment losses, net           |   |      | -      |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | (8.6    | )                   |   |   | - |   |   |   | (1.3 | ) |
| Increase in the                       |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| fair value of the                     |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| reinsurance contracts                 |   |      | -      |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | -       |                |   |   | - |   |   |   | - |   |
| Subtotal                              |   |      | .7     |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | (7.9    | )                   |   |   | - |   |   |   | (1.7 | ) |
| Other comprehensive                   |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| income                                |   |      | 25.5   |   |                        |   | -      |                |   |   | 2.7                             |   |   |                       | 1.8    |   |                       |   | (5.2    | )                   |   |   | - |   |   |   | 17.3 |   |
| Purchases/issuances              |   |      | 96.1   |   |                        |   | -      |                |   |   | 26.0                            |   |   |                       | 40.0   |   |                       |   | -       |                |   |   | - |   |   |   | - |   |
| Sales/settlements                     |   |      | (45.8  | )      |                        |   | -      |                |   |   | -                               |   |   |                       | (.2    | )      |                       |   | (7.7    | )                   |   |   | - |   |   |   | (10.1 | ) |
| Transfers into/out of                 |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Level 3 (2)                      |   |      | 28.2   |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | -       |                |   |   | - |   |   |   | - |   |
| Balance, Sept. 30, 2009               |   | $         | 500.1  |   |                        | $      | -      |                |   | $      | 48.0                            |   |   | $                          | 89.5   |   |                       | $      | 1,589.6 |                |   | $ | - |   |   | $ | 228.8 |   |
|                                  |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| First nine months of  2009: |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Balance, January 1, 2009              |   | $         | 411.1  |   |                        | $      | -      |                |   | $      | 64.0                            |   |   | $                          | 55.4   |   |                       | $      | 1,587.3 |                |   | $ | - |   |   | $ | 304.1 |   |
| Total gains (losses),                 |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| realized and unrealized,              |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| included in:                          |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Loss as:                              |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Net investment loss                   |   |      | 1.1    |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | 2.3     |                |   |   | - |   |   |   | (1.1 | ) |
| Investment gains, net                 |   |      | (2.9   | )      |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | (8.6    | )                   |   |   | - |   |   |   | (15.4 | ) |
| Decrease in the                       |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| fair value of the                     |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| reinsurance contracts                 |   |      | -      |   |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | -       |                |   |   | - |   |   |   | - |   |
| Subtotal                              |   |      | (1.8   | )      |                        |   | -      |                |   |   | -                               |   |   |                       | -      |   |                       |   | (6.3    | )                   |   |   | - |   |   |   | (16.5 | ) |
| Other comprehensive                   |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| income                                |   |      | 29.0   |   |                        |   | -      |                |   |   | 3.8                             |   |   |                       | (7.0   | )      |                       |   | 52.3    |                |   |   | - |   |   |   | 15.0 |   |
| Purchases/issuances                   |   |      | 116.4  |   |                        |   |   |                |   |   | 27.0                            |   |   |                       | 42.2   |   |                       |   | -       |                |   |   | - |   |   |   | - |   |
| Sales/settlements                     |   |      | (55.3  | )      |                        |   | -      |                |   |   | (.2                             | )      |   |                       | (1.1   | )      |                       |   | (43.7   | )                   |   |   | - |   |   |   | (41.6 | ) |
| Transfers into/out of                 |   |      |   |   |                        |   |   |                |   |   |                            |   |   |                       |   |   |                       |   |    |                |   |   |   |   |   |   |   |   |
| Level 3 (2)                      |   |      | .7     |   |                        |   | -      |                |   |   | (46.6                           | )      |   |                       | -      |   |                       |   | -       |                |   |   | - |   |   |   | (32.2 | ) |
| Balance, Sept. 30, 2009               |   | $         | 500.1  |   |                        | $      | -      |                |   | $      | 48.0                            |   |   | $                          | 89.5   |   |                       | $      | 1,589.6 |                |   | $ | - |   |   | $ | 228.8 |   |

| (1)   | Includes Trading securities’ Level 3 amount. |
|-----------------|----------------------------------------------------|

| (2)   | Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values. |
|-----------------|------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                |   | Redeem-ablePreferredStock |   |   |   OtherEquityInvestments(1) |   |   |   OtherInvestedAssets |   |   |   GMIBReinsuranceAsset |   |   |   SeparateAccountsAssets |     |   |   GWBLFeaturesLiability |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|--------|--------|----------------------------------|--------|--------|----------------------------|--------|--------|-----------------------------|--------|--------|-------------------------------|----------|--------|------------------------------|--------|
|                                                                                                                                                                                                                                |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |
| Discrete third quarter:                                                                                                                                                                                                             |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |
| Balance, July 1, 2009                                                                                                                                                                                                               |   | $                         | 2.5    |   |                             | $      | 2.0    |                       |   | $      | 433.1                       |   |   | $                             | 2,685.8  |   |                         | $      | 261.8 |   |   | $ | 123.4 |   |
| Total gains (losses),                                                                                                                                                                                                               |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| realized and unrealized,                                                                                                                                                                                                            |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| included in:                                                                                                                                                                                                                        |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| Loss as:                                                                                                                                                                                                                            |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| Net investment loss                                                 |   |                      | -      |   |                             |   | -      |                       |   |   | (36.2                       | )      |   |                          | -        |   |                         |   | - |   |   |   | - |   |
| Investment losses, net                                                                                                                                                                                                              |   |                      | (38.7  | )      |                             |   | -      |                       |   |   | -                           |   |   |                          | -        |   |                         |   | (23.9 | ) |   |   | - |   |
| Increase in the                                                                                                                                                                                                                     |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| fair value of the                                                                                                                                                                                                                   |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| reinsurance contracts                                                                                                                                                                                                               |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | 64.3     |   |                         |   | - |   |   |   | - |   |
| Policyholders’ benefits                                                                                                                                                                                                       |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | -        |   |                         |   | - |   |   |   | (16.8 | ) |
| Subtotal                                                                      |   |                      | (38.7  | )      |                             |   | -      |                       |   |   | (36.2                       | )      |   |                          | 64.3     |   |                         |   | (23.9 | ) |   |   | (16.8 | ) |
| Other comprehensive                                                                                                                                                                                                                 |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| income                                                                   |   |                      | 44.1   |   |                             |   | .2     |                       |   |   | -                           |   |   |                          | -        |   |                         |   | - |   |   |   | - |   |
| Purchases/issuances                                                                                                                                                                                                            |   |                      | -      |   |                             |   | -      |                       |   |   | 29.9                        |   |   |                          | 31.7     |   |                         |   | 4.5 |   |   |   | 3.5 |   |
| Sales/settlements                                    |   |                      | -      |   |                             |   | (1.2   | )                          |   |   | -                           |   |   |                          | -        |   |                         |   | (1.3 | ) |   |   | - |   |
| Transfers into/out of                                                                                                                                                                                                               |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| Level 3 (2)                                                         |   |                      | 11.0   |   |                             |   | -      |                       |   |   | -                           |   |   |                          | -        |   |                         |   | - |   |   |   | - |   |
| Balance, Sept. 30, 2009                                                                                                                                                                                                             |   | $                         | 18.9   |   |                             | $      | 1.0    |                       |   | $      | 426.8                       |   |   | $                             | 2,781.8  |   |                         | $      | 241.1 |   |   | $ | 110.1 |   |
|                                                                                                                                                                                                                                |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| First nine months of 2009:                                                                                                                                                                                                          |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| Balance, January 1, 2009                                                                                                                                                                                                            |   | $                         | 2.5    |   |                             | $      | 2.1    |                       |   | $      | 547.0                       |   |   | $                             | 4,821.7  |   |                         | $      | 334.3 |   |   | $ | 272.6 |   |
| Total gains (losses),                                                                                                                                                                                                               |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| realized and unrealized,                                                                                                                                                                                                            |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| included in:                                                                                                                                                                                                                        |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| Loss as:                                                                                                                                                                                                                            |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| Net investment loss                                                 |   |                      | -      |   |                             |   | -      |                       |   |   | (199.2                      | )      |   |                          | -        |   |                         |   | - |   |   |   | - |   |
| Investment gains, net                                                                                                                                                                                                               |   |                      | (38.7  | )      |                             |   | -      |                       |   |   | -                           |   |   |                          | -        |   |                         |   | (92.8 | ) |   |   | - |   |
| Decrease in the                                                                                                                                                                                                                     |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| fair value of the                                                                                                                                                                                                                   |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| reinsurance contracts                                                                                                                                                                                                               |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | (2,169.6 | )      |                         |   | - |   |   |   | - |   |
| Policyholders’ benefits                                                                                                                                                                                                       |   |                      | -      |   |                             |   | -      |                       |   |   | -                           |   |   |                          | -        |   |                         |   | - |   |   |   | (170.9 | ) |
| Subtotal                                                                      |   |                      | (38.7  | )      |                             |   | -      |                       |   |   | (199.2                      | )      |   |                          | (2,169.6 | )      |                         |   | (92.8 | ) |   |   | (170.9 | ) |
| Other comprehensive                                                                                                                                                                                                                 |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| income                                                                   |   |                      | 34.2   |   |                             |   | .1     |                       |   |   | -                           |   |   |                          | -        |   |                         |   | - |   |   |   | - |   |
| Purchases/issuances                                                                                                                                                                                                                 |   |                      | -      |   |                             |   | -      |                       |   |   | 79.0                        |   |   |                          | 129.7    |   |                         |   | 4.5 |   |   |   | 8.4 |   |
| Sales/settlements                                                                                                                                                                                                                   |   |                      | -      |   |                             |   | (1.2   | )                          |   |   | -                           |   |   |                          | -        |   |                         |   | (5.8 | ) |   |   | - |   |
| Transfers into/out of                                                                                                                                                                                                               |   |                      |   |   |                             |   |   |                       |   |   |                        |   |   |                          |     |   |                         |   |   |   |   |   |   |   |
| Level 3 (2)                                                         |   |                      | 20.9   |   |                             |   | -      |                       |   |   | -                           |   |   |                          | -        |   |                         |   | .9 |   |   |   | - |   |
| Balance, Sept. 30, 2009                                                                                                                                                                                                             |   | $                         | 18.9   |   |                             | $      | 1.0    |                       |   | $      | 426.8                       |   |   | $                             | 2,781.8  |   |                         | $      | 241.1 |   |   | $ | 110.1 |   |

| (1)   | Includes Trading securities’ Level 3 amount. |
|-----------------|----------------------------------------------------|

| (2)   | Transfers into/out of Level 3 classification are reflected at beginning-of-period fair values. |
|-----------------|------------------------------------------------------------------------------------------------|

----

|                              |   | Earnings      |   |   |       |   |   |          |   |
|-----------------------------------|--------|---------------|--------|--------|------------|--------|--------|---------------|--------|
|                              |   |          |   |   |       |   |   | Increase in   |   |   |   |   |   |   |   |
|                              |   | Net           |   |   | Investment |   |   | Fair Value of |   |   |   |   |   | Policy- |   |
|                              |   | Investment    |   |   | Losses     |   |   | Reinsurance   |   |   |   |   |   | holder |   |
|                              |   | Income        |   |   | Net        |   |   | Contracts     |   |   | OCI |   |   | Benefits |   |
|                              |   | (In Millions) |   |
| Level 3 Instruments               |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Third Quarter 2010                |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Still Held at September 30, 2010: |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Change in unrealized gains        |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| or losses:                        |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Fixed maturities                  |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| available-for-sale                |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Corporate                         |   | $             | -      |   |       | $      | -      |          |   | $ | - |   |   | $ | 7.6 |   |   | $ | - |   |
| U.S. Treasury, government         |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| and agency                        |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| State and political               |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| subdivisions                      |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 2.4 |   |   |   | - |   |
| Foreign governments               |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | .4 |   |   |   | - |   |
| Commercial                        |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgage-backed                   |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 145.6 |   |   |   | - |   |
| Residential                       |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgage-backed                   |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Asset-backed                      |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 3.1 |   |   |   | - |   |
| Redeemable preferred stock        |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Subtotal                          |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 159.1 |   |   |   | - |   |
| Equity securities,                |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| available-for-sale                |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Other equity investments          |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Other invested assets             |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Cash equivalents                  |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Segregated securities             |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| GMIB reinsurance contracts        |   |          | -      |   |       |   | -      |          |   |   | 3,069.0 |   |   |   | - |   |   |   | - |   |
| Separate Accounts’ assets   |   |          | -      |   |       |   | 2.4    |          |   |   | - |   |   |   | - |   |   |   | - |   |
| GWBL features’ liability    |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | (44.0 | ) |
| Total                             |   | $             | -      |   |       | $      | 2.4    |          |   | $ | 3,069.0 |   |   | $ | 159.1 |   |   | $ | (44.0 | ) |
|                              |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                              |   | Earnings      |   |   |       |   |   |          |   |
|-----------------------------------|--------|---------------|--------|--------|------------|--------|--------|---------------|--------|
|                              |   |          |   |   |       |   |   | Increase in   |   |   |   |   |   |   |   |
|                              |   | Net           |   |   | Investment |   |   | Fair Value of |   |   |   |   |   | Policy- |   |
|                              |   | Investment    |   |   | Losses,    |   |   | Reinsurance   |   |   |   |   |   | holder |   |
|                              |   | Income        |   |   | Net        |   |   | Contracts     |   |   | OCI |   |   | Benefits |   |
|                              |   | (In Millions) |   |
| Level 3 Instruments               |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| First Nine Months of 2010         |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Still Held at September 30, 2010: |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Change in unrealized gains        |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| or losses:                        |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Fixed maturities                  |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| available-for-sale                |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Corporate                         |   | $             | -      |   |       | $      | -      |          |   | $ | - |   |   | $ | 22.0 |   |   | $ | - |   |
| U.S. Treasury, government         |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| and agency                        |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| State and political               |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| subdivisions                      |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 5.7 |   |   |   | - |   |
| Foreign governments               |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | .2 |   |   |   | - |   |
| Commercial                        |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgage-backed                   |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 91.5 |   |   |   | - |   |
| Residential                       |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgage-backed                   |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Asset-backed                      |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 7.8 |   |   |   | - |   |
| Redeemable preferred stock        |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Subtotal                          |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 127.2 |   |   |   | - |   |
| Equity securities,                |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| available-for-sale                |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Other equity investments          |   |          | (.5    | )      |       |   | -      |          |   |   | - |   |   |   |   |   |   |   | - |   |
| Other invested assets             |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Cash equivalents                  |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Segregated securities             |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| GMIB reinsurance contracts        |   |          | -      |   |       |   | -      |          |   |   | 4,848.8 |   |   |   | - |   |   |   | - |   |
| Separate Accounts’ assets   |   |          | -      |   |       |   | (18.3  | )             |   |   | - |   |   |   | - |   |   |   | - |   |
| GWBL features’ liability    |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | (167.8 | ) |
| Total                             |   | $             | (.5    | )      |       | $      | (18.3  | )             |   | $ | 4,848.8 |   |   | $ | 127.2 |   |   | $ | (167.8 | ) |
|                              |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                              |   | Loss          |   |   |       |   |   |          |   |
|-----------------------------------|--------|---------------|--------|--------|------------|--------|--------|---------------|--------|
|                              |   |          |   |   |       |   |   | Increase in   |   |   |   |   |   |   |   |
|                              |   | Net           |   |   | Investment |   |   | Fair Value of |   |   |   |   |   | Policy- |   |
|                              |   | Investment    |   |   | Losses,    |   |   | Reinsurance   |   |   |   |   |   | holder |   |
|                              |   | Loss          |   |   | Net        |   |   | Contracts     |   |   | OCI |   |   | Benefits |   |
|                              |   | (In Millions) |   |
| Level 3 Instruments               |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Third Quarter 2009                |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Still Held at September 30, 2009: |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Change in unrealized gains        |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| or losses:                        |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Fixed maturities,                 |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| available-for-sale:               |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Corporate                         |   | $             | -      |   |       | $      | -      |          |   | $ | - |   |   | $ | 25.5 |   |   | $ | - |   |
| U.S. Treasury, government         |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| and agency                        |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| State and political               |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| subdivisions                      |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 1.8 |   |   |   | - |   |
| Foreign governments               |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 2.7 |   |   |   | - |   |
| Commercial                        |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgage-backed                   |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | (5.2 | ) |   |   | - |   |
| Residential                       |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgage-backed                   |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Asset-backed                      |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 17.2 |   |   |   | - |   |
| Redeemable preferred stock        |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 44.0 |   |   |   | - |   |
| Subtotal                          |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 86.0 |   |   |   | - |   |
| Equity securities,                |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| available-for-sale                |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Other equity investments          |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | (.2 | ) |   |   | - |   |
| Other invested assets             |   |          | (120.2 | )      |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Cash equivalents                  |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Segregated securities             |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| GMIB reinsurance contracts        |   |          | -      |   |       |   | -      |          |   |   | 64.2 |   |   |   | - |   |   |   | - |   |
| Separate Accounts’ assets   |   |          | -      |   |       |   | (26.4  | )             |   |   | - |   |   |   | - |   |   |   | - |   |
| GWBL features’ liability    |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | (16.8 | ) |
| Total                             |   | $             | (120.2 | )      |       | $      | (26.4  | )             |   | $ | 64.2 |   |   | $ | 85.8 |   |   | $ | (16.8 | ) |
|                              |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                              |   | Loss          |   |   |       |   |   |          |   |
|-----------------------------------|--------|---------------|--------|--------|------------|--------|--------|---------------|--------|
|                              |   |          |   |   |       |   |   | Decrease in   |   |   |   |   |   |   |   |
|                              |   | Net           |   |   | Investment |   |   | Fair Value of |   |   |   |   |   | Policy- |   |
|                              |   | Investment    |   |   | Gains,     |   |   | Reinsurance   |   |   |   |   |   | holder |   |
|                              |   | Loss          |   |   | Net        |   |   | Contracts     |   |   | OCI |   |   | Benefits |   |
|                              |   | (In Millions) |   |
| Level 3 Instruments               |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| First Nine Months of 2009         |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Still Held at September 30, 2009: |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Change in unrealized gains        |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| or losses:                        |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Fixed maturities,                 |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| available-for-sale:               |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |
| Corporate                         |   | $             | -      |   |       | $      | -      |          |   | $ | - |   |   | $ | 19.1 |   |   | $ | - |   |
| U.S. Treasury, government         |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| and agency                        |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| State and political               |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| subdivisions                      |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | (7.0 | ) |   |   | - |   |
| Foreign governments               |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 3.8 |   |   |   | - |   |
| Commercial                        |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgage-backed                   |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 44.3 |   |   |   | - |   |
| Residential                       |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgage-backed                   |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Asset-backed                      |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 2.0 |   |   |   | - |   |
| Redeemable preferred stock        |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 34.1 |   |   |   | - |   |
| Subtotal                          |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | 96.3 |   |   |   | - |   |
| Equity securities,                |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| available-for-sale                |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Other equity investments          |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | .2 |   |   |   | - |   |
| Other invested assets             |   |          | (120.2 | )      |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Cash equivalents                  |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| Segregated securities             |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | - |   |
| GMIB reinsurance contracts        |   |          | -      |   |       |   | -      |          |   |   | (2,169.6 | ) |   |   | - |   |   |   | - |   |
| Separate Accounts’ assets   |   |          | -      |   |       |   | (95.7  | )             |   |   | - |   |   |   | - |   |   |   | - |   |
| GWBL features’ liability    |   |          | -      |   |       |   | -      |          |   |   | - |   |   |   | - |   |   |   | (170.9 | ) |
| Total                             |   | $             | (120.2 | )      |       | $      | (95.7  | )             |   | $ | (2,169.6 | ) |   | $ | 96.5 |   |   | $ | (170.9 | ) |
|                              |   |          |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                         |   | September 30, 2010 |    |   | December 31, 2009 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-------------------|--------|
|                                                                                                                                                                                                                                                                                                         |   | Carrying           |    |   | Fair              |   |   | Carrying |   |   | Fair |   |
|                                                                                                                                                                                                                                                                                                         |   | Value              |    |   | Value             |   |   | Value |   |   | Value |   |
|                                                                                                                                                                                                                                                                                                         |   | (In Millions)      |    |
|                                                                                                                                                                                                                                                                                                         |   |               |    |
| Consolidated:                                                                                                                                                                                                                                                                                                |   |               |    |   |              |   |   |   |   |   |   |   |
| Mortgage loans on real estate                                                                                                                                                                                                                                                                                |   | $                  | 3,565.1 |   |              | $      | 3,663.2 |   |   | $ | 3,554.8 |   |   | $ | 3,547.4 |   |
| Other limited partnership interests                                                                                                                                                                                                                                                                          |   |               | 1,384.4 |   |              |   | 1,384.4 |   |   |   | 1,308.4 |   |   |   | 1,308.4 |   |
| Policyholders liabilities:                                                                                                                                                                                                                                                                                   |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Investment contracts                                                                  |   |               | 2,682.5 |   |              |   | 2,841.4 |   |   |   | 2,721.0 |   |   |   | 2,729.4 |   |
| Guaranteed interest contracts                                                                                                                                                                                                                                                                                |   |               | 5.1     |   |              |   | 5.4 |   |   |   | - |   |   |   | - |   |
| Loans to affiliates                                                    |   |               | 1,046.6 |   |              |   | 1,088.0 |   |   |   | 1,048.3 |   |   |   | 1,077.2 |   |
| Long-term debt                                                         |   |               | 199.9   |   |              |   | 235.0 |   |   |   | 199.9 |   |   |   | 226.0 |   |
|                                                                                                                                                                                                                                                                                                         |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Closed Block:                                                                                                                                                                                                                                                                                                |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage loans on real estate                                                                                                                                                                                                                                                                                |   | $                  | 999.5   |   |              | $      | 1,035.4 |   |   | $ | 1,028.5 |   |   | $ | 1,021.2 |   |
| Other equity investments                                               |   |               | 1.4     |   |              |   | 1.4 |   |   |   | 1.5 |   |   |   | 1.5 |   |
| SCNILC liability                                                       |   |               | 6.9     |   |              |   | 6.9 |   |   |   | 7.6 |   |   |   | 7.6 |   |

----

| 8)   | EMPLOYEE BENEFIT PLANS |
|----------------|------------------------|

|                         |   | Three Months EndedSeptember 30, |   |   | Nine Months EndedSeptember 30, |   |
|------------------------------|--------|---------------------------------|--------|--------|--------------------------------|--------|
|                         |   | 2010                            |   |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
|                         |   | (In Millions)                   |   |
|                         |   |                            |   |   |                           |   |   |   |   |   |   |   |
| Service cost                 |   | $                               | 6.0    |   |                           | $      | 8.0 |   |   | $ | 27.8 |   |   | $ | 28.7 |   |
| Interest cost                |   |                            | 32.3   |   |                           |   | 34.2 |   |   |   | 96.8 |   |   |   | 102.1 |   |
| Expected return on assets    |   |                            | (28.4  | )      |                           |   | (29.8 | ) |   |   | (85.8 | ) |   |   | (94.0 | ) |
| Net amortization             |   |                            | 31.4   |   |                           |   | 24.6 |   |   |   | 93.6 |   |   |   | 71.3 |   |
| Net Periodic Pension Expense |   | $                               | 41.3   |   |                           | $      | 37.0 |   |   | $ | 132.4 |   |   | $ | 108.1 |   |

----

| 9)   | SHARE-BASED COMPENSATION PROGRAMS |
|----------------|-----------------------------------|

----

| 10)   | INCOME TAXES |
|-----------------|--------------|

----

| 11)   | LITIGATION |
|-----------------|------------|

| 12)   | SEGMENT INFORMATION |
|-----------------|---------------------|

|                                                                                                                                                                                                                                                                                                                      |   | Three Months EndedSeptember 30, |    |   | Nine Months EndedSeptember 30, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|---------|--------|--------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                      |   | 2010                            |    |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                      |   | (In Millions)                   |    |
|                                                                                                                                                                                                                                                                                                                      |   |                            |    |   |                           |   |   |   |   |   |   |   |
| Segment revenues:                                                                                                                                                                                                                                                                                                         |   |                            |    |   |                           |   |   |   |   |   |   |   |
| Insurance                                                                 |   | $                               | 4,364.7 |   |                           | $      | 874.1 |   |   | $ | 10,476.9 |   |   | $ | (156.9 | ) |
| Investment Management (1)                                                                                                                                                                                                                                                                                                 |   |                            | 757.9   |   |                           |   | 823.3 |   |   |   | 2,178.0 |   |   |   | 2,155.1 |   |
| Consolidation/elimination                                                 |   |                            | (7.8    | )      |                           |   | (12.3 | ) |   |   | (20.2 | ) |   |   | (26.6 | ) |
| Total Revenues                                                            |   | $                               | 5,114.8 |   |                           | $      | 1,685.1 |   |   | $ | 12,634.7 |   |   | $ | 1,971.6 |   |
|                                                                                                                                                                                                                                                                                                                      |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |

| (1)   |   Net of interest expense incurred on securities borrowed. |
|-----------------|----------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                      |   | Three Months Ended        |    |   | Nine Months Ended |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|---------|--------|-------------------|--------|
|                                                                                                                                                                                                                                                                                                                      |   | September 30,             |    |   | September 30,     |   |
|                                                                                                                                                                                                                                                                                                                      |   | 2010                      |    |   | 2009              |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                      |   |   (in Millions) |    |
| Segment earnings (loss) from                                                                                                                                                                                                                                                                                              |   |                      |    |   |              |   |   |   |   |   |   |   |
| continuing operations before income                                                                                                                                                                                                                                                                                       |   |                      |    |   |              |   |   |   |   |   |   |   |
| taxes:                                                                                                                                                                                                                                                                                                                    |   |                      |    |   |              |   |   |   |   |   |   |   |
| Insurance                                                                 |   | $                         | 2,476.7 |   |              | $      | (296.0 | ) |   | $ | 5,171.9 |   |   | $ | (3,027.5 | ) |
| Investment Management                                                     |   |                      | 39.5    |   |              |   | 230.2 |   |   |   | 259.2 |   |   |   | 388.7 |   |
| Consolidation/elimination                                                 |   |                      | (.1     | )      |              |   | (2.6 | ) |   |   | 2.9 |   |   |   | (2.0 | ) |
| Total Earnings (Loss) from Continuing                                                                                                                                                                                                                                                                                     |   |                      |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Operations before Income Taxes                                                                                                                                                                                                                                                                                            |   | $                         | 2,516.1 |   |              | $      | (68.4 | ) |   | $ | 5,434.0 |   |   | $ | (2,640.8 | ) |

|                      |   | September 30,2010 |      |   | December 31,2009 |   |
|---------------------------|--------|-------------------|-----------|--------|------------------|--------|
|                      |   | (In Millions)     |      |
| Segment assets:           |   |              |      |   |             |   |
| Insurance                 |   | $                 | 150,845.7 |   |             | $      | 139,202.3 |   |
| Investment Management     |   |              | 10,724.5  |   |             |   | 10,770.7 |   |
| Consolidation/elimination |   |              | (28.9     | )      |             |   | (68.6 | ) |
| Total Assets              |   | $                 | 161,541.3 |   |             | $      | 149,904.4 |   |

| 13)   | RELATED PARTY TRANSACTIONS |
|-----------------|----------------------------|

----

| 14)   | COMPREHENSIVE INCOME (LOSS) |
|-----------------|-----------------------------|

|                                                                                                                                                                                                                                                                                                                                          |   | Three Months Ended |    |   | Nine Months Ended |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-------------------|--------|
|                                                                                                                                                                                                                                                                                                                                          |   | September 30,      |    |   | September 30,     |   |
|                                                                                                                                                                                                                                                                                                                                          |   | 2010               |    |   | 2009              |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                          |   | (In Millions)      |    |
|                                                                                                                                                                                                                                                                                                                                          |   |               |    |
| Net earnings (loss)                                                            |   | $                  | 1,594.7 |   |              | $      | 3.0 |   |   | $ | 3,704.4 |   |   | $ | (1,557.7 | ) |
|                                                                                                                                                                                                                                                                                                                                          |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income,                                                                                                                                                                                                                                                                                                                   |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| net of income taxes:                                                                                                                                                                                                                                                                                                                          |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Change in unrealized gains,                                                                                                                                                                                                                                                                                                                   |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| net of reclassification adjustment                                                                                                                                                                                                                                                                                                            |   |               | 471.8   |   |              |   | 774.8 |   |   |   | 832.3 |   |   |   | 1,347.0 |   |
| Changes in defined benefit plan                                                                                                                                                                                                                                                                                                               |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| related items, not yet recognized in periodic benefit cost,                                                                                                                                                                                                                                                                                   |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| net of reclassification adjustment                                                                                                                                                                                                                                                                                                            |   |               | (38.5   | )      |              |   | (42.1 | ) |   |   | (59.5 | ) |   |   | (58.7 | ) |
| Total other comprehensive income,                                                                                                                                                                                                                                                                                                             |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| net of income taxes                                                                           |   |               | 433.3   |   |              |   | 732.7 |   |   |   | 772.8 |   |   |   | 1,288.3 |   |
| Comprehensive income (loss)                                                    |   |               | 2,028.0 |   |              |   | 735.7 |   |   |   | 4,477.2 |   |   |   | (269.4 | ) |
| Comprehensive income attributable                                                                                                                                                                                                                                                                                                             |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| to noncontrolling interest                                                                    |   |               | (72.4   | )      |              |   | (180.1 | ) |   |   | (146.8 | ) |   |   | (309.4 | ) |
| Comprehensive Income (Loss)                                                                                                                                                                                                                                                                                                                   |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Attributable to AXA Equitable                                                                                                                                                                                                                                                                                                                 |   | $                  | 1,955.6 |   |              | $      | 555.6 |   |   | $ | 4,330.4 |   |   | $ | (578.8 | ) |

| 15)   | ALLIANCEBERNSTEIN REAL ESTATE CHARGE |
|-----------------|--------------------------------------|

----

| ·   | GMIB reinsurance contracts.  GMIB reinsurance contracts are used to cede to affiliated and non-affiliated reinsurers a portion of the exposure on variable annuity products that offer the GMIB feature.  Under U.S. GAAP, the GMIB reinsurance contracts ceded to non-affiliated reinsurers are accounted for as derivatives and are reported at fair value.  Gross reserves for GMIB, on the other hand, are calculated under U.S. GAAP on the basis of assumptions related to projected benefits and related contract charges over the lives of the contracts and therefore will not immediately reflect the offsetting impact on future claims exposure resulting from the same capital market and/or interest rate fluctuations that cause gains or losses on the fair value of the GMIB reinsurance contracts.  Because the changes in the fair value of the GMIB reinsurance contracts are recorded in the period in which they occur while offsetting changes in gross reserves for GMIB will be recognized over time, earnings will tend to be more volatile, particularly during periods in which equity markets and/or interest rates change significantly. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Hedging programs.  Hedging programs are used to hedge certain risks associated with the VA Guarantee Features.  These programs currently utilize various derivative instruments that are managed in an effort to reduce the economic impact of unfavorable changes in VA Guarantee Features’ exposures attributable to movements in the equity and interest rate markets.  Although these programs are designed to provide a measure of economic protection against the impact adverse market conditions may have with respect to VA Guarantee Features, they do not qualify for hedge accounting treatment under U.S. GAAP, meaning that as in the case of the GMIB reinsurance contracts, changes in the value of the derivatives will be recognized in the period in which they occur while offsetting changes in reserves will be recognized over time, which will contribute to earnings volatility. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                             |                            |   | Year Ended   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|--------|--------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                             | Nine Months Ended September 30, |   | December 31, |   |
|                                                                                                                                                                                                                                                                                                                                                                                             | 2010                            |   | 2009         |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                                             | (In Millions)                   |   |
|                                                                                                                                                                                                                                                                                                                                                                                             |                            |   |         |   |   |   |   |   |   |
| (Increase) decrease in GMDB, GMIB and GWBL                                                                                                                                                                                                                                                                                                                                                       |                            |   |         |   |   |   |   |   |   |
| reserves, net of related GMDB reinsurance (1)                                                                                                                                                                                                                                                                                                                                                    |                            | $      | (1,765.1     | )      |   | $ | 405.1 |   |   | $ | 532.8 |   |
| Increase (decrease) in fair value of                                                                                                                                                                                                                                                                                                                                                             |                            |   |         |   |   |   |   |   |   |   |   |   |
| GMIB reinsurance contracts (2)                                                            |                            |   | 4,848.8      |   |   |   | (2,039.8 | ) |   |   | (2,565.9 | ) |
| Gains (losses)  on free-standing derivatives (3)                                                                                                                                                                                                                                                                                                                                       |                            |   | 852.2        |   |   |   | (2,493.8 | ) |   |   | (3,079.4 | ) |
| Total                                                                      |                            | $      | 3,935.9      |   |   | $ | (4,128.5 | ) |   | $ | (5,112.5 | ) |

| (1)   | Reported in Policyholders’ benefits in the consolidated statement of earnings (loss). |
|-----------------|---------------------------------------------------------------------------------------------|

| (2)   | Reported in Increase (decrease) in fair value of reinsurance contracts in the consolidated statement of earnings (loss). |
|-----------------|--------------------------------------------------------------------------------------------------------------------------|

| (3)   | Reported in Net investment (loss) income in the consolidated statement of earnings (loss). |
|-----------------|--------------------------------------------------------------------------------------------|

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | September 30,       |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 2010                |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |  (In Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                |   |   |   |   |   |   |   |
| Third party                                                                                                                       |                | $      | 430,473 |   |   | $ | 437,830 |   |
| General Account and other                                                                                                         |                |   | 52,695 |   |   |   | 52,959 |   |
| Insurance Group Separate Accounts                                                                                                 |                |   | 86,343 |   |   |   | 81,580 |   |
| Total Assets Under Management                                                                                                     |                | $      | 569,511 |   |   | $ | 572,369 |   |

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| Item 3. |  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
|---------|------------------------------------------------------------------|

| Item 4(T). |  CONTROLS AND PROCEDURES |
|------------|-------------------------------|

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| PART II   |   | OTHER INFORMATION                                                                                                                                                                                                                                                                                                       |
|---------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                |   |                                                                                                                                                                                                                                                                                                                    |
| Item 1.             |   | Legal Proceedings                                                                                                                                                                                                                                                                                                       |
|                |   |                                                                                                                                                                                                                                                                                                                    |
|                |   | See Note 11 of Notes to Consolidated Financial Statements contained herein.  Except as disclosed in Note 11 of Notes to Consolidated Financial Statements, there have been no new material legal proceedings and no new material developments in legal proceedings previously reported in the 2009 Form 10-K. |
|                |   |                                                                                                                                                                                                                                                                                                                    |
| Item 1A.            |   | Risk Factors                                                                                                                                                                                                                                                                                                            |
|                |   |                                                                                                                                                                                                                                                                                                                    |
|                |   | There have been no material changes to the risk factors described in Item 1A, “Risk Factors,” included in the 2009 Form 10-K.                                                                                                                                                                               |
|                |   |                                                                                                                                                                                                                                                                                                                    |
| Item 2.             |   | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                                                                                             |
|                |   |                                                                                                                                                                                                                                                                                                                    |
|                |   | Omitted pursuant to General Instruction H to Form 10-Q.                                                                                                                                                                                                                                                                 |
|                |   |                                                                                                                                                                                                                                                                                                                    |
| Item 3.             |   | Defaults Upon Senior Securities                                                                                                                                                                                                                                                                                         |
|                |   |                                                                                                                                                                                                                                                                                                                    |
|                |   | Omitted pursuant to General Instruction H to Form 10-Q.                                                                                                                                                                                                                                                                 |
|                |   |                                                                                                                                                                                                                                                                                                                    |
| Item 4.             |   | (Removed and Reserved)                                                                                                                                                                                                                                                                                                  |
|                |   |                                                                                                                                                                                                                                                                                                                    |
| Item 5.             |   | Other Information                                                                                                                                                                                                                                                                                                       |
|                |   |                                                                                                                                                                                                                                                                                                                    |
|                |   | None                                                                                                                                                                                                                                                                                                                    |

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| Item 6. |   | Exhibits   |
|---------|--------|------------|
|    |   |       |
|    |   | Number     |   | Description and Method of Filing |   |
|    |   |       |   |   |   |
|    |   |  3.1  |   | Restated Charter of AXA Equitable, dated September 16, 2010 |   |
|    |   |       |   |   |   |
|    |   |  31.1 |   | Certification of the Registrant’s Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |   |
|    |   |       |   |   |   |
|    |   |  31.2 |   | Certification of the Registrant’s Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |   |
|    |   |       |   |   |   |
|    |   |  32.1 |   | Certification of the Registrant’s Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |   |
|    |   |       |   |   |   |
|    |   |  32.2 |   | Certification of the Registrant’s Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |   |
|    |   |       |   |   |   |
|    |   |       |   |   |   |
|    |   |       |
|    |   |       |
|    |   |       |
|    |   |       |

----

| Date:  | November 10, 2010 |   | AXA EQUITABLE LIFE INSURANCE COMPANY |
|--------|-------------------|--------|--------------------------------------|
|   |              |   |                                 |

|   |              |   |  By: | /s/ Richard S. Dziadzio |
|--------|-------------------|--------|-----------|-------------------------|
|   |              |   |      | Name:                   | Richard S. Dziadzio |
|   |              |   |      | Title:                  | Senior Executive Vice President and |
|   |              |   |      |                    | Chief Financial Officer |
|   |              |   |      |                    |
|   |              |   |      |                    |
| Date:  | November 10, 2010 |   |      | /s/ Alvin H. Fenichel   |
|   |              |   |      | Name:                   | Alvin H. Fenichel |
|   |              |   |      | Title:                  | Senior Vice President and |
|   |              |   |      |                    | Chief Accounting Officer |

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