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

|   | 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 |        o |
|--------|-----|---|--------|----|---------------|

|   | Yes |        o |   | No |        o |
|--------|-----|---------------|--------|----|---------------|

| Large      accelerated filer  o                                                             |   |                                        | Accelerated      filer  o |
|-------------------------------------------------------------------------------------------------------|--------|---------------------------------------------|-------------------------------------|
| Non-accelerated      filer  x  (Do      not check if a smaller reporting company) |   | Smaller      reporting company  o |

|   | Yes |        o |   | No | x |
|--------|-----|---------------|--------|----|---|

----

----

|   |   | Page |
|--------|--------|------|

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

| Item      1:    | Consolidated      Financial Statements (Unaudited)                                                                                                                        |                      |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------|
|            | ●        Consolidated      Balance Sheets,  March 31, 2010 and December 31, 2009                                                                     |        4             |
|            | ●        Consolidated      Statements of Earnings (Loss), Quarters Ended March      31, 2010 and 2009                                                     |        5             |
|            | ●        Consolidated      Statements of Equity and Comprehensive Income      (Loss), Quarters Ended     March      31, 2010 and 2009 |               7 |
|            | ●        Consolidated      Statements of Cash Flows, Quarters Ended March      31, 2010 and 2009                                                          |        8             |
|            | ●        Notes      to Consolidated Financial Statements                                                                                                  | 10                        |
|            |                                                                                                                                                                      |                      |
| Item      2:    | Management’s      Discussion and Analysis of Financial Condition and Results      of Operations     (“Management Narrative”)   |  40                  |
|            |                                                                                                                                                                      |                      |
| Item      3:    | Quantitative      and Qualitative Disclosures About Market Risk *                                                                                                         | 46                        |
|            |                                                                                                                                                                      |                      |
| Item      4(T): | Controls      and Procedures                                                                                                                                              | 46                        |
|            |                                                                                                                                                                      |                      |
| PART      II    | OTHER      INFORMATION                                                                                                                                                    |                      |
|            |                                                                                                                                                                      |                      |
| Item      1:    | Legal      Proceedings                                                                                                                                                    | 47                        |
|            |                                                                                                                                                                      |                      |
| Item      1A:   | Risk      Factors                                                                                                                                                         | 47                        |
|            |                                                                                                                                                                      |                      |
| Item      2:    | Unregistered      Sales of Equity Securities and Use of Proceeds *                                                                                                        | 47                        |
|            |                                                                                                                                                                      |                      |
| Item      3:    | Defaults      Upon Senior Securities *                                                                                                                                    | 47                        |
|            |                                                                                                                                                                      |                      |
| Item      4:    | Submission      of Matters to a Vote of Security Holders *                                                                                                                | 47                        |
|            |                                                                                                                                                                      |                      |
| Item      5:    | Other      Information                                                                                                                                                    | 47                        |
|            |                                                                                                                                                                      |                      |
| Item      6:    | Exhibits                                                                                                                                                                  | 47                        |
|            |
| SIGNATURES      |                                                                                                                                                                      | 48                        |
|            |                                                                                                                                                                      |                      |
|            |                                                                                                                                                                      |                      |

----

----

|                                                               |   | March      31,     |      |   | December      31, |   |
|--------------------------------------------------------------------|--------|--------------------|-----------|--------|-------------------|--------|
|                                                               |   | 2010               |      |   | 2009              |   |
|                                                               |   | (In      Millions) |      |
| ASSETS                                                             |   |               |      |   |              |   |
| Investments:                                                       |   |               |      |   |              |   |
| Fixed      maturities available for sale, at fair value            |   | $                  | 28,097.2  |   |              | $      | 27,470.2 |   |
| Mortgage      loans on real estate                                 |   |               | 3,588.8   |   |              |   | 3,554.8 |   |
| Equity      real estate, held for the production of income         |   |               | 96.5      |   |              |   | 98.5 |   |
| Policy      loans                                                  |   |               | 3,611.0   |   |              |   | 3,616.8 |   |
| Other      equity investments                                      |   |               | 1,565.2   |   |              |   | 1,562.3 |   |
| Trading      securities                                            |   |               | 515.4     |   |              |   | 484.6 |   |
| Other      invested assets                                         |   |               | 1,135.9   |   |              |   | 1,482.6 |   |
| Total      investments                                             |   |               | 38,610.0  |   |              |   | 38,269.8 |   |
| Cash      and cash equivalents                                     |   |               | 2,045.6   |   |              |   | 1,791.7 |   |
| Cash      and securities segregated, at fair value                 |   |               | 1,004.8   |   |              |   | 985.7 |   |
| Broker-dealer      related receivables                             |   |               | 1,172.5   |   |              |   | 1,087.6 |   |
| Deferred      policy acquisition costs                             |   |               | 8,071.3   |   |              |   | 7,745.2 |   |
| Goodwill      and other intangible assets, net                     |   |               | 3,670.2   |   |              |   | 3,676.5 |   |
| Amounts      due from reinsurers                                   |   |               | 3,073.4   |   |              |   | 3,028.2 |   |
| Loans      to affiliates                                           |   |               | 1,048.3   |   |              |   | 1,048.3 |   |
| Other      assets                                                  |   |               | 8,107.2   |   |              |   | 8,254.9 |   |
| Separate      Accounts’ assets                               |   |               | 86,993.2  |   |              |   | 84,016.5 |   |
|                                                               |   |               |      |   |              |   |   |   |
| Total      Assets                                                  |   | $                  | 153,796.5 |   |              | $      | 149,904.4 |   |
|                                                               |   |               |      |   |              |   |   |   |
| LIABILITIES                                                        |   |               |      |   |              |   |   |   |
| Policyholders’      account balances                         |   | $                  | 24,172.0  |   |              | $      | 24,107.3 |   |
| Future      policy benefits and other policyholders liabilities    |   |               | 17,914.3  |   |              |   | 17,726.7 |   |
| Broker-dealer      related payables                                |   |               | 384.7     |   |              |   | 279.4 |   |
| Customers      related payables                                    |   |               | 1,506.5   |   |              |   | 1,430.7 |   |
| Amounts      due to reinsurers                                     |   |               | 56.8      |   |              |   | 81.2 |   |
| Short-term      and long-term debt                                 |   |               | 406.0     |   |              |   | 449.0 |   |
| Loans      from affiliates                                         |   |               | 1,325.0   |   |              |   | 1,325.0 |   |
| Income      taxes payable                                          |   |               | 3,667.0   |   |              |   | 3,356.0 |   |
| Other      liabilities                                             |   |               | 2,748.3   |   |              |   | 3,002.2 |   |
| Separate      Accounts’ liabilities                          |   |               | 86,993.2  |   |              |   | 84,016.5 |   |
| Total      liabilities                                             |   |               | 139,173.8 |   |              |   | 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                                |   |               | 5,589.7   |   |              |   | 5,582.3 |   |
| Retained      earnings                                             |   |               | 6,707.9   |   |              |   | 6,311.8 |   |
| Accumulated      other comprehensive loss                          |   |               | (924.2    | )      |              |   | (1,035.7 | ) |
| Total      AXA Equitable’s equity                            |   |               | 11,375.9  |   |              |   | 10,860.9 |   |
| Noncontrolling      interest                                       |   |               | 3,246.8   |   |              |   | 3,269.5 |   |
| Total      equity                                                  |   |               | 14,622.7  |   |              |   | 14,130.4 |   |
|                                                               |   |               |      |   |              |   |   |   |
| Total      Liabilities and Equity                                  |   | $                  | 153,796.5 |   |              | $      | 149,904.4 |   |

----

|                                                              |   | 2010               |    |   | 2009   |   |
|-------------------------------------------------------------------|--------|--------------------|---------|--------|--------|--------|
|                                                              |   | (In      Millions) |    |
|                                                              |   |               |    |
| REVENUES                                                          |   |               |    |   |   |   |
| Universal      life and investment-type product policy fee income |   | $                  | 723.3   |   |   | $      | 677.7 |   |
| Premiums                                                          |   |               | 148.2   |   |   |   | 127.9 |   |
| Net      investment income:                                       |   |               |    |   |   |   |   |   |
| Investment      (loss) income from derivative instruments         |   |               | (154.7  | )      |   |   | 222.5 |   |
| Other      investment income                                      |   |               | 550.0   |   |   |   | 322.7 |   |
| Total      net investment income                                  |   |               | 395.3   |   |   |   | 545.2 |   |
| Investment      gains, net:                                       |   |               |    |   |   |   |   |   |
| Total      other-than-temporary impairment losses                 |   |               | (32.3   | )      |   |   | (27.5 | ) |
| Portion      of loss recognized in other comprehensive income     |   |               | 2.3     |   |   |   | - |   |
| Net      impairment losses recognized                             |   |               | (30.0   | )      |   |   | (27.5 | ) |
| Other      investment gains, net                                  |   |               | 30.4    |   |   |   | 166.0 |   |
| Total      investment gains, net                                  |   |               | 0.4     |   |   |   | 138.5 |   |
| Commissions,      fees and other income                           |   |               | 912.8   |   |   |   | 768.4 |   |
| Decrease      in fair value of reinsurance contracts              |   |               | (46.9   | )      |   |   | (937.7 | ) |
| Total      revenues                                               |   |               | 2,133.1 |   |   |   | 1,320.0 |   |
|                                                              |   |               |    |   |   |   |   |   |
| BENEFITS      AND OTHER DEDUCTIONS                                |   |               |    |   |   |   |   |   |
| Policyholders’      benefits                                |   |               | 584.0   |   |   |   | 581.4 |   |
| Interest      credited to policyholders’ account balances   |   |               | 233.1   |   |   |   | 258.1 |   |
| Compensation      and benefits                                    |   |               | 480.0   |   |   |   | 462.3 |   |
| Commissions                                                       |   |               | 242.8   |   |   |   | 303.4 |   |
| Distribution      plan payments                                   |   |               | 58.6    |   |   |   | 42.4 |   |
| Amortization      of deferred sales commissions                   |   |               | 12.1    |   |   |   | 14.9 |   |
| Interest      expense                                             |   |               | 26.8    |   |   |   | 27.0 |   |
| Amortization      of deferred policy acquisition costs            |   |               | (147.0  | )      |   |   | 34.6 |   |
| Capitalization      of deferred policy acquisition costs          |   |               | (212.7  | )      |   |   | (295.5 | ) |
| Rent      expense                                                 |   |               | 68.8    |   |   |   | 64.5 |   |
| Amortization      of other intangible assets                      |   |               | 6.1     |   |   |   | 5.9 |   |
| Other      operating costs and expenses                           |   |               | 336.6   |   |   |   | 330.0 |   |
| Total      benefits and other deductions                          |   |               | 1,689.2 |   |   |   | 1,829.0 |   |

----

|                                                                 |   |  2010         |   |   |  2009 |   |
|----------------------------------------------------------------------|--------|--------------------|--------|--------|------------|--------|
|                                                                 |   | (In      Millions) |   |
|                                                                 |   |               |   |   |       |   |
| Earnings      (loss) from continuing operations before income taxes  |   | $                  | 443.9  |   |       | $      | (509.0 | ) |
| Income      tax benefit                                              |   |               | 24.0   |   |       |   | 206.3 |   |
|                                                                 |   |               |   |   |       |   |   |   |
| Earnings      (loss) from continuing operations, net of income taxes |   |               | 467.9  |   |       |   | (302.7 | ) |
| Earnings      from discontinued operations, net of income taxes      |   |               | -      |   |       |   | 5.1 |   |
|                                                                 |   |               |   |   |       |   |   |   |
| Net      earnings (loss)                                             |   |               | 467.9  |   |       |   | (297.6 | ) |
| Less:      net earnings attributable to the noncontrolling interest  |   |               | (71.8  | )      |       |   | (12.7 | ) |
|                                                                 |   |               |   |   |       |   |   |   |
| Net      Earnings (Loss) Attributable to AXA Equitable               |   | $                  | 396.1  |   |       | $      | (310.3 | ) |

| Amounts      attributable to AXA Equitable:                          |   |   |   |   |   |   |
|----------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Earnings      (loss) from continuing operations, net of income taxes |   | $      | 396.1  |   |   | $      | (315.4 | ) |
| Earnings      from discontinued operations, net of income taxes      |   |   | -      |   |   |   | 5.1 |   |
| Net      Earnings (Loss)                                             |   | $      | 396.1  |   |   | $      | (310.3 | ) |

----

|                                                                              |   | 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                                    |   |               | 7.4      |   |   |   | 1.4 |   |
| Capital      in excess of par value, end of period                                |   |               | 5,589.7  |   |   |   | 5,185.5 |   |
|                                                                              |   |               |     |   |   |   |   |   |
| Retained      earnings, beginning of year                                         |   |               | 6,311.8  |   |   |   | 8,412.6 |   |
| Net      earnings (loss) attributable to AXA Equitable                            |   |               | 396.1    |   |   |   | (310.3 | ) |
| Retained      earnings, end of period                                             |   |               | 6,707.9  |   |   |   | 8,102.3 |   |
|                                                                              |   |               |     |   |   |   |   |   |
| Accumulated      other comprehensive loss, beginning of year                      |   |               | (1,035.7 | )      |   |   | (2,235.6 | ) |
| Other      comprehensive income (loss)                                            |   |               | 111.5    |   |   |   | (270.8 | ) |
| Accumulated      other comprehensive loss, end of period                          |   |               | (924.2   | )      |   |   | (2,506.4 | ) |
|                                                                              |   |               |     |   |   |   |   |   |
| Total      AXA Equitable’s equity, end of period                            |   |               | 11,375.9 |   |   |   | 10,783.9 |   |
|                                                                              |   |               |     |   |   |   |   |   |
| Noncontrolling      interest, beginning of year                                   |   |               | 3,269.5  |   |   |   | 2,896.9 |   |
| Purchase      of AllianceBernstein Units by noncontrolling interest               |   |               | 1.0      |   |   |   | - |   |
| Exercise      of AllianceBernstein  Put                                 |   |               | -        |   |   |   | 135.0 |   |
| Dividends      paid to noncontrolling interest                                    |   |               | (125.7   | )      |   |   | (62.9 | ) |
| Capital      contribution                                                         |   |               | -        |   |   |   | 5.4 |   |
| Net      earnings attributable to noncontrolling interest                         |   |               | 71.8     |   |   |   | 12.7 |   |
| Other      comprehensive income attributable to noncontrolling    interest        |   |               | 11.1     |   |   |   | 2.9 |   |
| Other      changes in noncontrolling interest                                     |   |               | 19.1     |   |   |   | 11.6 |   |
|                                                                              |   |               |     |   |   |   |   |   |
| Noncontrolling      interest, end of period                                       |   |               | 3,246.8  |   |   |   | 3,001.6 |   |
|                                                                              |   |               |     |   |   |   |   |   |
| Total      Equity, End of Period                                                  |   | $                  | 14,622.7 |   |   | $      | 13,785.5 |   |
|                                                                              |   |               |     |   |   |   |   |   |
| COMPREHENSIVE      INCOME (LOSS)                                                  |   |               |     |   |   |   |   |   |
| Net      earnings (loss)                                                          |   | $                  | 467.9    |   |   | $      | (297.6 | ) |
| Other      comprehensive income (loss), net of income taxes:                      |   |               |     |   |   |   |   |   |
| Change      in unrealized gains (losses), net of reclassification      adjustment |   |               | 142.5    |   |   |   | (266.3 | ) |
| Changes      in defined benefit plan related items, not yet recognized    in      |   |               |     |   |   |   |   |   |
| periodic      benefit cost, net of reclassification adjustment                    |   |               | (19.9    | )      |   |   | (1.6 | ) |
| Total      other comprehensive income (loss), net of income taxes                 |   |               | 122.6    |   |   |   | (267.9 | ) |
| Comprehensive      income (loss)                                                  |   |               | 590.5    |   |   |   | (565.5 | ) |
| Comprehensive      income attributable to noncontrolling interest                 |   |               | (82.9    | )      |   |   | (15.6 | ) |
|                                                                              |   |               |     |   |   |   |   |   |
| Comprehensive      Income (Loss) Attributable to AXA Equitable                    |   | $                  | 507.6    |   |   | $      | (581.1 | ) |
|                                                                              |   |               |     |   |   |   |   |   |

----

|                                                                              |   | 2010               |     |   | 2009   |   |
|-----------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|
|                                                                              |   | (In      Millions) |     |
|                                                                              |   |               |     |
| Net      earnings (loss)                                                          |   | $                  | 467.9    |   |   | $      | (297.6 | ) |
| Adjustments      to reconcile net earnings (loss) to net cash provided    by |   |               |     |   |   |   |   |   |
| operating      activities:                                                        |   |               |     |   |   |   |   |   |
| Interest      credited to policyholders’ account balances                   |   |               | 233.1    |   |   |   | 258.1 |   |
| Universal      life and investment-type product policy fee income                 |   |               | (723.3   | )      |   |   | (677.7 | ) |
| Net      change in broker-dealer and customer related      receivables/payables   |   |               | (73.2    | )      |   |   | (313.1 | ) |
| Loss      (income) on derivative instruments                                      |   |               | 154.7    |   |   |   | (271.2 | ) |
| Change      in reinsurance recoverable with affiliate                             |   |               | -        |   |   |   | 1,485.7 |   |
| Investment      gains, net                                                        |   |               | (.4      | )      |   |   | (138.5 | ) |
| Change      in deferred policy acquisition costs                                  |   |               | (359.7   | )      |   |   | (260.9 | ) |
| Change      in accounts payable and accrued expenses                              |   |               | 177.9    |   |   |   | (23.9 | ) |
| Change      in future policy benefits                                             |   |               | 59.0     |   |   |   | 33.3 |   |
| Change      in income tax payable                                                 |   |               | 75.4     |   |   |   | (223.1 | ) |
| Change      in segregated cash and securities, net                                |   |               | (19.1    | )      |   |   | 350.4 |   |
| Change      in fair value of guaranteed minimum income                            |   |               |     |   |   |   |   |   |
| benefit      reinsurance contracts                                                |   |               | 46.9     |   |   |   | 937.7 |   |
| Equity      (income) loss in other limited partnerships                           |   |               | (17.1    | )      |   |   | 140.7 |   |
| Amortization      of reinsurance cost                                             |   |               | 70.2     |   |   |   | 61.7 |   |
| Amortization      of deferred sales commissions                                   |   |               | 12.1     |   |   |   | 14.9 |   |
| Other      depreciation and amortization                                          |   |               | 39.3     |   |   |   | 38.3 |   |
| Amortization      of other intangible assets, net                                 |   |               | 6.1      |   |   |   | 5.9 |   |
| Other,      net                                                                   |   |               | 55.3     |   |   |   | 35.1 |   |
|                                                                              |   |               |     |   |   |   |   |   |
| Net      cash provided by operating activities                               |   |               | 205.1    |   |   |   | 1,155.8 |   |
|                                                                              |   |               |     |   |   |   |   |   |
| Cash      flows from investing activities:                                        |   |               |     |   |   |   |   |   |
| Maturities      and repayments of fixed maturities and mortgage loans             |   |               | 429.3    |   |   |   | 390.4 |   |
| Sales      of investments                                                         |   |               | 2,118.7  |   |   |   | 1,566.5 |   |
| Purchases      of investments                                                     |   |               | (2,742.4 | )      |   |   | (1,033.0 | ) |
| Cash      settlements related to derivative instruments                           |   |               | (422.3   | )      |   |   | (597.3 | ) |
| Change      in short-term investments                                             |   |               | 7.0      |   |   |   | (174.8 | ) |
| Change      in capitalized software, leasehold improvements                       |   |               |     |   |   |   |   |   |
| and      EDP equipment                                                            |   |               | (2.8     | )      |   |   | (61.8 | ) |
| Other,      net                                                                   |   |               | (57.7    | )      |   |   | 94.8 |   |
|                                                                              |   |               |     |   |   |   |   |   |
| Net      cash (used in) provided by investing activities                          |   |               | (670.2   | )      |   |   | 184.8 |   |
|                                                                              |   |               |     |   |   |   |   |   |

----

|                                                | 2010               |    |   | 2009   |   |
|-----------------------------------------------------|--------------------|---------|--------|--------|--------|
|                                                | (In      Millions) |    |
|                                                |               |    |
| Cash      flows from financing activities:          |               |    |   |   |   |
| Policyholders’      account balances:         |               |    |   |   |   |
| Deposits                                            | $                  | 725.4   |   |   | $      | 1,204.3 |   |
| Withdrawals      and transfers to Separate Accounts |               | (135.9  | )      |   |   | (619.5 | ) |
| Net      change in short-term financings            |               | (39.1   | )      |   |   | 81.0 |   |
| Decrease      in collateralized pledged assets      |               | 626.5   |   |   |   | - |   |
| Decrease      in collateralized pledged liabilities |               | (332.2  | )      |   |   | (115.4 | ) |
| Other,      net                                     |               | (125.7  | )      |   |   | (43.9 | ) |
|                                                |               |    |   |   |   |   |   |
| Net      cash provided by financing activities      |               | 719.0   |   |   |   | 506.5 |   |
|                                                |               |    |   |   |   |   |   |
| Change      in cash and cash equivalents            |               | 253.9   |   |   |   | 1,847.1 |   |
| Cash      and cash equivalents, beginning of year   |               | 1,791.7 |   |   |   | 2,403.9 |   |
|                                                |               |    |   |   |   |   |   |
| Cash      and Cash Equivalents, End of Period       | $                  | 2,045.6 |   |   | $      | 4,251.0 |   |
|                                                |               |    |   |   |   |   |   |
| Supplemental      cash flow information             |               |    |   |   |   |   |   |
| Interest      Paid                                  | $                  | .6      |   |   | $      | .5 |   |
| Income      Taxes (Refunded) Paid                   | $                  | (266.5  | )      |   | $      | 19.6 |   |

----

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

----

----

----

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

|                                 |   | AmortizedCost      |     |   | GrossUnrealizedGains |   |    | GrossUnrealizedLosses |   |   |        Fair      Value |   |   |        OTTIin      AOCI (3) |     |
|--------------------------------------|--------|--------------------|----------|--------|----------------------|--------|---------|-----------------------|--------|--------|-----------------------------|--------|--------|----------------------------------|----------|
|                                 |   | (In      Millions) |     |
|                                 |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                             |     |
| March 31, 2010:                      |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                             |     |
| Fixed      Maturities:               |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                             |     |
| Corporate                            |   | $                  | 19,874.9 |   |                 | $      | 1,113.7 |                  |   | $      | 132.7                       |   |   | $                                | 20,855.9 |   |   | $ | .6 |   |
| U.S.      Treasury, government       |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                             |     |   |   |   |   |   |
| and      agency(4)                   |   |               | 1,950.5  |   |                 |   | 15.1    |                  |   |   | 158.4                       |   |   |                             | 1,807.2  |   |   |   | - |   |
| States      and political            |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                             |     |   |   |   |   |   |
| subdivisions                         |   |               | 373.6    |   |                 |   | 7.9     |                  |   |   | 10.7                        |   |   |                             | 370.8    |   |   |   | - |   |
| Foreign      governments             |   |               | 323.9    |   |                 |   | 44.8    |                  |   |   | .1                          |   |   |                             | 368.6    |   |   |   | - |   |
| Commercial      mortgage-backed      |   |               | 1,950.2  |   |                 |   | 3.7     |                  |   |   | 534.3                       |   |   |                             | 1,419.6  |   |   |   | 4.1 |   |
| Residential      mortgage-backed (1) |   |               | 1,470.2  |   |                 |   | 55.4    |                  |   |   | .1                          |   |   |                             | 1,525.5  |   |   |   | - |   |
| Asset-backed      (2)                |   |               | 242.4    |   |                 |   | 10.1    |                  |   |   | 18.5                        |   |   |                             | 234.0    |   |   |   | 7.6 |   |
| Redeemable      preferred stock      |   |               | 1,619.1  |   |                 |   | 18.0    |                  |   |   | 121.5                       |   |   |                             | 1,515.6  |   |   |   | - |   |
| Total      Fixed Maturities          |   |               | 27,804.8 |   |                 |   | 1,268.7 |                  |   |   | 976.3                       |   |   |                             | 28,097.2 |   |   |   | 12.3 |   |
|                                 |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                             |     |   |   |   |   |   |
| Equity      securities               |   |               | 41.0     |   |                 |   | 7.7     |                  |   |   | -                           |   |   |                             | 48.7     |   |   |   | - |   |
|                                 |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                             |     |   |   |   |   |   |
| Total      at March 31, 2010         |   | $                  | 27,845.8 |   |                 | $      | 1,276.4 |                  |   | $      | 976.3                       |   |   | $                                | 28,145.9 |   |   | $ | 12.3 |   |
|                                 |   |               |     |

|                                 |   |   |     |   |   |   |    |   |   |   |    |   |   |   |     |
|--------------------------------------|--------|--------|----------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|----------|
| 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 accountingguidance. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------|

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

----

|        Available-for-Sale      Fixed Maturities |
|------------------------------------------------------|
|  Contractual Maturities at March 31, 2010  |
|                                                 |
|                                                 |   |   |   |   |
|                                                 | Amortized |   |   |   |
|                                                 | Cost |   | Fair      Value |   |
|                                                 | (In      Millions) |   |
|                                                 |   |   |
| Due      in one year or less                         |   | $ | 1,657.4 |   |   | $ | 1,710.8 |   |
| Due      in years two through five                   |   |   | 8,698.9 |   |   |   | 9,191.5 |   |
| Due      in years six through ten                    |   |   | 7,842.5 |   |   |   | 8,181.7 |   |
| Due      after ten years                             |   |   | 4,324.1 |   |   |   | 4,318.5 |   |
| Subtotal                                             |   |   | 22,522.9 |   |   |   | 23,402.5 |   |
| Commercial      mortgage-backed securities           |   |   | 1,950.2 |   |   |   | 1,419.6 |   |
| Residential      mortgage-backed securities          |   |   | 1,470.2 |   |   |   | 1,525.5 |   |
| Asset-backed      securities                         |   |   | 242.4 |   |   |   | 234.0 |   |
| Total                                                |   | $ | 26,185.7 |   |   | $ | 26,581.6 |   |

----

| Balance      at January 1, 2010                                                                  |   | $      | (145.5 | )  |
|--------------------------------------------------------------------------------------------------|--------|--------|--------|---------|
| Previously      recognized impairments on securities that matured, paid, prepaid or      sold    |   |   | 3.1    |    |
| Previously      recognized impairments on securities impaired to fair value this period      (1) |   |   | -      |    |
| Impairments      recognized this period on securities not previously    impaired                 |   |   | (30.0  | )       |
| Additional      impairments this period on securities previously impaired                        |   |   | -      |    |
| Increases      due to passage of time on previously recorded creditlosses                        |   |   | -      |    |
| Accretion      of previously recognized impairments due to increases in expected cash      flows |   |   | -      |    |
| Balance      at March 31, 2010                                                                   |   | $      | (172.4 | )       |

| (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. |
|-----------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                               | March      31,     |   | December      31, |   |
|------------------------------------|--------------------|--------|-------------------|--------|
|                               | 2010               |   | 2009              |   |
|                               | (In      Millions) |   |
|                               |               |   |
| AFS      Securities:               |               |   |              |   |   |   |
| Fixed      maturities:             |               |   |              |   |   |   |
| With      OTTI loss                |               | $      | (13.1             | )      |   | $ | (10.9 | ) |
| All      other                     |               |   | 305.5             |   |   |   | (15.7 | ) |
| Equity      securities             |               |   | 7.7               |   |   |   | 9.7 |   |
| Net      Unrealized Gains (Losses) |               | $      | 300.1             |   |   | $ | (16.9 | ) |

----

|                                                             |               |   |   |   |          |   |        |   | AOCI                |   |
|------------------------------------------------------------------|--------------------|--------|--------|--------|---------------|--------|-------------|--------|---------------------|--------|
|                                                             | Net                |   |   |   |          |   | Deferred    |   | (Loss)              |   |
|                                                             | Unrealized         |   |   |   |          |   | Income      |   | Related      to Net |   |
|                                                             | Gains              |   |   |   |          |   | Tax         |   | Unrealized          |   |
|                                                             | (Losses)      on   |   |   |   | Policyholders |   | (Liability) |   | Investment          |   |
|                                                             | Investments        |   | DAC    |   | Liabilities   |   | Asset       |   | Gains      (Losses) |   |
|                                                             | (In      Millions) |   |
|                                                             |               |   |   |   |          |   |        |   |                |   |   |   |   |   |   |
| Balance,      January 1, 2010                                    |               | $      | (10.9  | )      |          | $      | 5.3         |   |                | $      | - |   |   | $ | 1.9 |   |   | $ | (3.7 | ) |
| Net      investment gains (losses)arising      during the period |               |   | .1     |   |          |   | -           |   |                |   | - |   |   |   | - |   |   |   | .1 |   |
| Reclassification      adjustment for OTTI (losses):              |               |   |   |   |          |   |        |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Included      in Net earnings (loss)                             |               |   | -      |   |          |   | -           |   |                |   | - |   |   |   | - |   |   |   | - |   |
| Excluded      from Net        earnings (loss) (1)      |               |   | (2.3   | )      |          |   | -           |   |                |   | - |   |   |   | - |   |   |   | (2.3 | ) |
| Impact      of net unrealized investment gains (losses) on:      |               |   |   |   |          |   |        |   |                |   |   |   |   |   |   |   |   |   |   |   |
| DAC                                                              |               |   | -      |   |          |   | (2.3        | )      |                |   | - |   |   |   | - |   |   |   | (2.3 | ) |
| Deferred      income taxes                                       |               |   | -      |   |          |   | -           |   |                |   | - |   |   |   | .8 |   |   |   | .8 |   |
| Policyholders      liabilities                                   |               |   | -      |   |          |   | -           |   |                |   | 2.4 |   |   |   | - |   |   |   | 2.4 |   |
| Balance,      March 31, 2010                                     |               | $      | (13.1  | )      |          | $      | 3.0         |   |                | $      | 2.4 |   |   | $ | 2.7 |   |   | $ | (5.0 | ) |
|                                                             |               |   |   |   |          |   |        |   |                |   |   |   |   |   |   |   |   |   |   |   |

| (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. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                             |               |   |   |   |          |   |        |   | AOCI                |   |
|------------------------------------------------------------------|--------------------|--------|--------|--------|---------------|--------|-------------|--------|---------------------|--------|
|                                                             | Net                |   |   |   |          |   | Deferred    |   | (Loss)              |   |
|                                                             | Unrealized         |   |   |   |          |   | Income      |   | Related      to Net |   |
|                                                             | Gains              |   |   |   |          |   | Tax         |   | Unrealized          |   |
|                                                             | (Losses)      on   |   |   |   | Policyholders |   | (Liability) |   | Investment          |   |
|                                                             | Investments        |   | DAC    |   | Liabilities   |   | Asset       |   | Gains      (Losses) |   |
|                                                             | (In      Millions) |   |
|                                                             |               |   |   |   |          |   |        |   |                |   |   |   |   |   |   |
| Balance,      January 1, 2010                                    |               | $      | (6.1   | )      |          | $      | (21.2       | )      |                | $      | - |   |   | $ | 32.3 |   |   | $ | 5.0 |   |
| Net      investment gains (losses)arising      during the period |               |   | 324.0  |   |          |   | -           |   |                |   | - |   |   |   | - |   |   |   | 324.0 |   |
| Reclassification      adjustment for OTTI (losses):              |               |   |   |   |          |   |        |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Included      in Net earnings (loss)                        |               |   | (7.0   | )      |          |   | -           |   |                |   | - |   |   |   | - |   |   |   | (7.0 | ) |
| Excluded      from Net        earnings (loss) (1)      |               |   | 2.3    |   |          |   | -           |   |                |   | - |   |   |   | - |   |   |   | 2.3 |   |
| Impact      of net unrealized investment gains (losses) on:      |               |   |   |   |          |   |        |   |                |   |   |   |   |   |   |   |   |   |   |   |
| DAC                                                              |               |   | -      |   |          |   | (35.0       | )      |                |   | - |   |   |   | - |   |   |   | (35.0 | ) |
| Deferred      income taxes                                       |               |   | -      |   |          |   | -           |   |                |   | - |   |   |   | (102.0 | ) |   |   | (102.0 | ) |
| Policyholders      liabilities                                   |               |   | -      |   |          |   | -           |   |                |   | (57.4 | ) |   |   | - |   |   |   | (57.4 | ) |
| Balance,      March 31, 2010                                     |               | $      | 313.2  |   |          | $      | (56.2       | )      |                | $      | (57.4 | ) |   | $ | (69.7 | ) |   | $ | 129.9 |   |
|                                                             |               |   |   |   |          |   |        |   |                |   |   |   |   |   |   |   |   |   |   |   |

|   | (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. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                   |   |                     |    |   | March      31, 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                              |   | $                        | 2,265.8 |   |                     | $      | (33.7  | )               |   | $ | 1,426.7 |   |   | $ | (99.0 | ) |   | $ | 3,692.5 |   |   | $ | (132.7 | ) |
| U.S.      Treasury,                    |   |                     |    |   |                     |   |   |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| government      and agency             |   |                     | 1,041.4 |   |                     |   | (158.4 | )               |   |   | - |   |   |   | - |   |   |   | 1,041.4 |   |   |   | (158.4 | ) |
| States      and political subdivisions |   |                     | 170.2   |   |                     |   | (7.0   | )               |   |   | 16.6 |   |   |   | (3.7 | ) |   |   | 186.8 |   |   |   | (10.7 | ) |
| Foreign      governments               |   |                     | 1.9     |   |                     |   | (.1    | )               |   |   | 4.2 |   |   |   | - |   |   |   | 6.1 |   |   |   | (.1 | ) |
| Commercial      mortgage-backed        |   |                     | 13.5    |   |                     |   | (13.3  | )               |   |   | 1,260.1 |   |   |   | (521.0 | ) |   |   | 1,273.6 |   |   |   | (534.3 | ) |
| Residential      mortgage-backed       |   |                     | -       |   |                     |   | -      |            |   |   | 2.4 |   |   |   | (.1 | ) |   |   | 2.4 |   |   |   | (.1 | ) |
| Asset-backed                           |   |                     | 42.4    |   |                     |   | (7.0   | )               |   |   | 54.7 |   |   |   | (11.5 | ) |   |   | 97.1 |   |   |   | (18.5 | ) |
| Redeemable                             |   |                     |    |   |                     |   |   |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| preferred      stock                   |   |                     | 32.4    |   |                     |   | (.7    | )               |   |   | 1,292.1 |   |   |   | (120.8 | ) |   |   | 1,324.5 |   |   |   | (121.5 | ) |
|                                   |   |                     |    |   |                     |   |   |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                  |   | $                        | 3,567.6 |   |                     | $      | (220.2 | )               |   | $ | 4,056.8 |   |   | $ | (756.1 | ) |   | $ | 7,624.4 |   |   | $ | (976.3 | ) |

|                                                      |   | 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. |
|-----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

|                                   |   |     |     |   | Fair      Value    |   |    | Gains      (Losses) |   |
|----------------------------------------|--------|----------|----------|--------|--------------------|--------|---------|---------------------|--------|
|                                   |   | Notional |     |   | Asset              |   |    | Liability           |   |   | Reported      in Net |   |
|                                   |   | Amount   |     |   | Derivatives        |   |    | Derivatives         |   |   | Earnings      (Loss) |   |
| Freestanding      derivatives          |   |     |     |   | (In      Millions) |   |    |                |   |
| Equity      contracts (1):        |   |     |     |   |               |   |    |                |   |   |   |   |
| Futures                                |   | $        | 3,605.2  |   |               | $      | -       |                |   | $ | - |   |   | $ | (234.0 | ) |
| Swaps                                  |   |     | 685.7    |   |               |   | 3.2     |                |   |   | 15.3 |   |   |   | (20.8 | ) |
| Options                                |   |     | 1,000.0  |   |               |   | 19.8    |                |   |   | - |   |   |   | (32.2 | ) |
|                                   |   |     |     |   |               |   |    |                |   |   |   |   |   |   |   |   |
| Interest      rate contracts (1): |   |     |     |   |               |   |    |                |   |   |   |   |   |   |   |   |
| Floors                                 |   |     | 15,000.0 |   |               |   | 295.5   |                |   |   | - |   |   |   | 27.8 |   |
| Swaps                                  |   |     | 3,252.0  |   |               |   | 93.3    |                |   |   | 4.2 |   |   |   | 46.2 |   |
| Futures                                |   |     | 4,821.8  |   |               |   | 40.0    |                |   |   | - |   |   |   | (4.6 | ) |
| Swaptions                              |   |     | 1,200.0  |   |               |   | -       |                |   |   |   |   |   |   | 63.0 |   |
|                                   |   |     |     |   |               |   |    |                |   |   |   |   |   |   |   |   |
|                                   |   |     |     |   |               |   |    |                |   |   |   |   |   |   |   |   |
| Net      investment loss               |   |     |     |   |               |   |    |                |   |   |   |   |   |   | (154.6 | ) |
|                                   |   |     |     |   |               |   |    |                |   |   |   |   |   |   |   |   |
| Embedded      derivatives:             |   |     |     |   |               |   |    |                |   |   |   |   |   |   |   |   |
| GMIB      reinsurance contracts(2)     |   |     |     |   |               |   | 2,208.9 |                |   |   |   |   |   |   | (46.9 | ) |
|                                   |   |     |     |   |               |   |    |                |   |   |   |   |   |   |   |   |
| GWBL      features (3)                 |   |     |     |   |               |   |    |                |   |   | 40.5 |   |   |   | 14.4 |   |
|                                   |   |     |     |   |               |   |    |                |   |   |   |   |   |   |   |   |
| Balances,      March 31, 2010          |   | $        | 29,564.7 |   |               | $      | 2,660.7 |                |   | $ | 60.0 |   |   | $ | (187.1 | ) |

| (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 |
|----------------|-------------------|

----

|                                                                         |   | March      31,2010 |    |   | December      31,2009 |   |
|------------------------------------------------------------------------------|--------|--------------------|---------|--------|-----------------------|--------|
|                                                                         |   | (In      Millions) |    |
| CLOSED      BLOCK LIABILITIES:                                               |   |               |    |   |                  |   |
| Future      policy benefits, policyholders’ account balances and other |   | $                  | 8,376.3 |   |                  | $      | 8,411.7 |   |
| Policyholder      dividend obligation                                        |   |               | 55.1    |   |                  |   | - |   |
| Other      liabilities                                                       |   |               | 54.5    |   |                  |   | 69.8 |   |
| Total      Closed Block liabilities                                          |   |               | 8,485.9 |   |                  |   | 8,481.5 |   |
|                                                                         |   |               |    |   |                  |   |   |   |
| ASSETS      DESIGNATED TO THE CLOSED BLOCK:                                  |   |               |    |   |                  |   |   |   |
| Fixed      maturities, available for sale, at fair value                     |   |               |    |   |                  |   |   |   |
| (amortized      cost of $5,544.7 and $5,575.5)                               |   |               | 5,653.2 |   |                  |   | 5,631.2 |   |
| Mortgage      loans on real estate                                           |   |               | 1,016.5 |   |                  |   | 1,028.5 |   |
| Policy      loans                                                            |   |               | 1,152.2 |   |                  |   | 1,157.5 |   |
| Cash      and other invested assets                                          |   |               | 85.4    |   |                  |   | 68.2 |   |
| Other      assets                                                            |   |               | 254.9   |   |                  |   | 264.1 |   |
| Total      assets designated to the Closed Block                             |   |               | 8,162.2 |   |                  |   | 8,149.5 |   |
|                                                                         |   |               |    |   |                  |   |   |   |
| Excess      of Closed Block liabilities over assets designated to            |   |               |    |   |                  |   |   |   |
| the      Closed Block                                                        |   |               | 323.7   |   |                  |   | 332.0 |   |
|                                                                         |   |               |    |   |                  |   |   |   |
| Amounts      included in accumulated other comprehensive income:             |   |               |    |   |                  |   |   |   |
| Net      unrealized investment gains, net of deferred income tax             |   |               |    |   |                  |   |   |   |
| expense      of $22.6 and $23.4 and policyholder                             |   |               |    |   |                  |   |   |   |
| dividend      obligation of $(55.1) and $0                                   |   |               | 42.0    |   |                  |   | 43.6 |   |
|                                                                         |   |               |    |   |                  |   |   |   |
| Maximum      Future Earnings To Be Recognized From Closed Block              |   |               |    |   |                  |   |   |   |
| Assets      and Liabilities                                                  |   | $                  | 365.7   |   |                  | $      | 375.6 |   |

----

|                                                             |   | Three      Months Ended |   |
|------------------------------------------------------------------|--------|-------------------------|--------|
|                                                             |   | March      31,          |   |
|                                                             |   | 2010                    |   |   | 2009 |   |
|                                                             |   | (In      Millions)      |   |
|                                                             |   |                    |   |
| REVENUES:                                                        |   |                    |   |   |   |   |
| Premiums      and other income                                   |   | $                       | 94.9   |   |   | $ | 99.9 |   |
| Investment      income (net of investment expenses of $0 and $0) |   |                    | 118.1  |   |   |   | 120.2 |   |
| Investment      gains, net:Total      OTTI losses                |   |                    | -      |   |   |   | - |   |
| Portion      of loss recognized in other comprehensive income    |   |                    | -      |   |   |   | - |   |
| Net      impairment losses recognized                            |   |                    | -      |   |   |   | - |   |
| Other      investment gains, net                                 |   |                    | 6.2    |   |   |   | 7.5 |   |
| Total      investment gains, net                                 |   |                    | 6.2    |   |   |   | 7.5 |   |
| Total      revenues                                              |   |                    | 219.2  |   |   |   | 227.6 |   |
|                                                             |   |                    |   |   |   |   |   |   |
| BENEFITS      AND OTHER DEDUCTIONS:                              |   |                    |   |   |   |   |   |   |
| Policyholders’      benefits and dividends                 |   |                    | 203.2  |   |   |   | 208.9 |   |
| Other      operating costs and expenses                          |   |                    | .8     |   |   |   | .6 |   |
| Total      benefits and other deductions                         |   |                    | 204.0  |   |   |   | 209.5 |   |
|                                                             |   |                    |   |   |   |   |   |   |
| Net      revenues before income taxes                            |   |                    | 15.2   |   |   |   | 18.1 |   |
| Income      taxes                                                |   |                    | (5.3   | ) |   |   | (6.3 | ) |
| Net      Revenues                                                |   | $                       | 9.9    |   |   | $ | 11.8 |   |

|                             | Three      Months Ended |   |
|----------------------------------|-------------------------|--------|
|                             | March      31,          |   |
|                             | 2010                    |   | 2009 |   |
|                             | (In      Millions)      |   |
|                             |                    |   |   |   |   |   |
| Balances,      beginning of year |                    | $      | - |   |   | $ | - |   |
| Unrealized      investment gains |                    |   | 55.1 |   |   |   | - |   |
| Balances,      End of Period     |                    | $      | 55.1 |   |   | $ | - |   |

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

|                                                                  |   | Three      Months Ended |   |
|-----------------------------------------------------------------------|--------|-------------------------|--------|
|                                                                  |   | March      31,          |   |
|                                                                  |   | 2010                    |   | 2009 |   |
|                                                                  |   | (In      Millions)      |   |
| Earnings      from Discontinued Operations, Net      of Income Taxes: |   |                    |   |
| Wind-up      Annuities                                                |   | $                       | -      |   |   | $ | (1.5 | ) |
| Real      estate held-for-sale                                        |   |                    | -      |   |   |   | 6.6 |   |
| Total                                                                 |   | $                       | -      |   |   | $ | 5.1 |   |
|                                                                  |   |                    |   |   |   |   |   |   |

----

| 6)   | GMDB,      GMIB, GWBL AND NO LAPSE GUARANTEEFEATURES |
|----------------|------------------------------------------------------|

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

| ●    | 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 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    |   |               | (47.8   | )      |   |   | (11.2   | )      |   |   | (59.0 | ) |
| Other      changes in reserve   |   |               | 75.5    |   |   |   | 29.6    |   |   |   | 105.1 |   |
| Balance      at March 31, 2010  |   | $                  | 1,114.2 |   |   | $      | 1,631.3 |   |   | $ | 2,745.5 |   |
|                            |   |               |    |   |   |   |    |   |   |   |   |   |
| Balance      at January 1, 2009 |   | $                  | 980.9   |   |   | $      | 1,979.9 |   |   | $ | 2,960.8 |   |
| Paid      guarantee benefits    |   |               | (80.9   | )      |   |   | (20.2   | )      |   |   | (101.1 | ) |
| Other      changes in reserve   |   |               | 214.0   |   |   |   | 1.5     |   |   |   | 215.5 |   |
| Balance      at March 31, 2009  |   | $                  | 1,114.0 |   |   | $      | 1,961.2 |   |   | $ | 3,075.2 |   |

|                             | Three      Months Ended |   |   |
|----------------------------------|-------------------------|--------|--------|
|                             | March      31,          |   |   |
|                             | 2010                    |   | 2009   |   |   |
|                             | (In      Millions)      |   |   |
|                             |                    |   |   |   |   |   |   |
| Balances,      beginning of year |                    | $      | 405.0  |   |   | $ | 327.3 |   |   |
| Paid      guarantee benefits     |                    |   | (17.4  | ) |   |   | (5.1 | ) |   |
| Other      changes in reserve    |                    |   | 44.3   |   |   |   | 57.6 |   |   |
| Balances,      End of Period     |                    | $      | 431.9  |   |   | $ | 379.8 |   |   |

----

|                             |   | ReturnofPremium            |   |         |        Ratchet |   |   |        Roll-Up |   |   |        Combo |   |   |        Total |   |
|----------------------------------|--------|----------------------------|--------|--------------|---------------------|--------|--------|---------------------|--------|--------|-------------------|--------|--------|-------------------|--------|
|                             |   | (Dollars      In Millions) |   |
|                             |   |                       |   |         |                |   |   |                |   |   |              |   |   |              |   |   |   |   |   |   |
| GMDB:                            |   |                       |   |         |                |   |   |                |   |   |              |   |   |              |   |   |   |   |   |   |
| Account      values invested in: |   |                       |   |         |                |   |   |                |   |   |              |   |   |              |   |   |   |   |   |   |
| General      Account             |   | $                          | 11,238 |         |                | $      | 266    |                |   | $      | 154               |   |   | $                 | 500    |   |   | $ | 12,158 |   |
| Separate      Accounts           |   | $                          | 26,863 |    |                | $      | 7,170  |                |   | $      | 4,288             |   |   | $                 | 32,770 |   |   | $ | 71,091 |   |
| Net      amount at risk, gross   |   | $                          | 1,875  |         |                | $      | 1,495  |                |   | $      | 2,747             |   |   | $                 | 10,091 |   |   | $ | 16,208 |   |

| Net      amount at risk, net of                      |   |   |   |   |   |   |   |   |   |   |        |   |   |   |          |
|------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-------------|--------|--------|--------|---------------|
| amounts      reinsured                               |   | $      | 1,875  |   |   | $      | 954    |   |   | $      | 1,845       |   |   | $      | 4,107         |   |   | $ | 8,781 |   |
| Average      attained age                            |   |   |   |   |   |   |   |   |   |   |        |   |   |   |          |   |   |   |   |   |
| of      contractholders                              |   |   | 49.8   |   |   |   | 62.4   |   |   |   | 67.2        |   |   |   | 62.7          |   |   |   | 53.5 |   |
| Percentage      of contractholders                   |   |   |   |   |   |   |   |   |   |   |        |   |   |   |          |   |   |   |   |   |
| over      age 70                                     |   |   | 7.6    | %      |   |   | 25.1   | %      |   |   | 42.4        | %      |   |   | 24.4          | % |   |   | 13.0 | % |
| 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    |   |   | $      | 34          |   |   | $      | 729           |   |   | $ | 763 |   |
| Separate      Accounts                               |   |   | N/A    |   |   |   | N/A    |   |   | $      | 2,877       |   |   | $      | 45,217        |   |   | $ | 48,094 |   |
| Net      amount at risk, gross                       |   |   | N/A    |   |   |   | N/A    |   |   | $      | 1,146       |   |   | $      | 518           |   |   | $ | 1,664 |   |
| Net      amount at risk, net of                      |   |   |   |   |   |   |   |   |   |   |        |   |   |   |          |   |   |   |   |   |
| amounts      reinsured                               |   |   | N/A    |   |   |   | N/A    |   |   | $      | 335         |   |   | $      | 116           |   |   | $ | 451 |   |
| Weighted      average years remaining                |   |   |   |   |   |   |   |   |   |   |        |   |   |   |          |   |   |   |   |   |
| until      annuitization                             |   |   | N/A    |   |   |   | N/A    |   |   |   | 1.0         |   |   |   | 6.8           |   |   |   | 6.3 |   |
| Range      of contractually specified interest rates |   |   | N/A    |   |   |   | N/A    |   |   |   | 3%      - 6 | %      |   |   | 3%      - 6.5 | % |   |   | 3%      - 6.5 | % |

----

|              |   | March      31,     |   | December      31, |   |
|-------------------|--------|--------------------|--------|-------------------|--------|
|              |   | 2010               |   | 2009              |   |
|              |   | (In      Millions) |   |
|              |   |               |   |
| GMDB:             |   |               |   |              |   |   |
| Equity            |   | $                  | 43,393 |              |   | $ | 41,447 |   |
| Fixed      income |   |               | 3,997  |              |   |   | 3,957 |   |
| Balanced          |   |               | 21,514 |              |   |   | 20,940 |   |
| Other             |   |               | 2,187  |              |   |   | 2,246 |   |
| Total             |   | $                  | 71,091 |              |   | $ | 68,590 |   |
|              |   |               |   |              |   |   |   |   |
| GMIB:             |   |               |   |              |   |   |   |   |
| Equity            |   | $                  | 29,293 |              |   | $ | 27,837 |   |
| Fixed      income |   |               | 2,550  |              |   |   | 2,514 |   |
| Balanced          |   |               | 15,718 |              |   |   | 15,351 |   |
| Other             |   |               | 533    |              |   |   | 618 |   |
| Total             |   | $                  | 48,094 |              |   | $ | 46,320 |   |

----

|                            |   | Direct             |   |   | Reinsurance |   |   |    |   |
|---------------------------------|--------|--------------------|--------|--------|-------------|--------|--------|---------|--------|
|                            |   | Liability          |   |   | Ceded       |   |   | Net     |   |
|                            |   | (In      Millions) |   |
|                            |   |               |   |   |        |   |   |    |   |
| Balance      at January 1, 2010 |   | $                  | 255.0  |   |        | $      | (173.6 | )       |   | $ | 81.4 |   |
| Other      changes in reserves  |   |               | 53.0   |   |        |   | (22.0  | )  |   |   | 31.0 |   |
| Balance      at March 31, 2010  |   | $                  | 308.0  |   |        | $      | (195.6 | )       |   | $ | 112.4 |   |
|                            |   |               |   |   |        |   |   |    |   |   |   |   |
| Balance      at January 1, 2009 |   | $                  | 203.0  |   |        | $      | (152.6 | )       |   | $ | 50.4 |   |
| Other      changes in reserves  |   |               | 2.0    |   |        |   | 8.4    |    |   |   | 10.4 |   |
| Balance      at March 31, 2009  |   | $                  | 205.0  |   |        | $      | (144.2 | )       |   | $ | 60.8 |   |

| 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                                                |   | $                  | -                  |   |         | $      | 20,434.6    |         |   | $      | 421.3      |    |   | $ | 20,855.9 |   |
| U.S.      Treasury, government                           |   |               |               |   |         |   |        |         |   |   |       |    |   |   |   |   |
| and      agency                                          |   |               | -                  |   |         |   | 1,807.2     |         |   |   | -          |    |   |   | 1,807.2 |   |
| States      and political subdivisions                   |   |               | -                  |   |         |   | 323.3       |         |   |   | 47.5       |    |   |   | 370.8 |   |
| Foreign      governments                                 |   |               | -                  |   |         |   | 367.6       |         |   |   | 1.0        |    |   |   | 368.6 |   |
| Commercial      mortgage-backed                          |   |               | -                  |   |         |   | -           |         |   |   | 1,419.6    |    |   |   | 1,419.6 |   |
| Residential      mortgage-backed(1)                      |   |               | -                  |   |         |   | 1,525.3     |         |   |   | .2         |    |   |   | 1,525.5 |   |
| Asset-backed(2)                                          |   |               | -                  |   |         |   | 45.8        |         |   |   | 188.2      |    |   |   | 234.0 |   |
| Redeemable      preferred stock                          |   |               | 225.3              |   |         |   | 1,277.9     |         |   |   | 12.4       |    |   |   | 1,515.6 |   |
| Subtotal                                                 |   |               | 225.3              |   |         |   | 25,781.7    |         |   |   | 2,090.2    |    |   |   | 28,097.2 |   |
| Other      equity investments                            |   |               | 85.1               |   |         |   | -           |         |   |   | .9         |    |   |   | 86.0 |   |
| Trading      securities                                  |   |               | 460.2              |   |         |   | 54.8        |         |   |   | .4         |    |   |   | 515.4 |   |
| Other      invested assets:                              |   |               |     |   |         |   |        |         |   |   |       |    |   |   |   |   |
|     Short-term                       |   |               |  -            |   |         |   | 87.5        |         |   |   |  -    |    |   |   | 87.5 |   |
|     Swaps                       |   |               |  -            |   |         |   |  83.5  |         |   |   |  (6.5 | )  |   |   |  77.0 |   |
|     Options                     |   |               |  -            |   |         |   |  19.8  |         |   |   |  -    |    |   |   |  19.8 |   |
|     Floors                      |   |               |  -            |   |         |   |  295.5 |         |   |   |  -    |    |   |   |  295.5 |   |
|     Swaptions                   |   |               |  -            |   |         |   |  40.0  |         |   |   |  -    |    |   |   |  40.0 |   |
|              Subtotal |   |               |  -            |   |         |   |  526.3 |         |   |   |  (6.5 | )       |   |   |  519.8 |   |
| Cash      equivalents                                    |   |               | 1,509.9            |   |         |   | -           |         |   |   | -          |    |   |   | 1,509.9 |   |
| Segregated      securities                               |   |               | -                  |   |         |   | 1,004.8     |         |   |   | -          |    |   |   | 1,004.8 |   |
| GMIB      reinsurance contracts                          |   |               | -                  |   |         |   | -           |         |   |   | 2,208.9    |    |   |   | 2,208.9 |   |
| Separate      Accounts’ assets                     |   |               | 85,021.3           |   |         |   | 1,765.0     |         |   |   | 206.9      |    |   |   | 86,993.2 |   |
| Total      Assets                                        |   | $                  | 87,301.8           |   |         | $      | 29,132.6    |         |   | $      | 4,500.8    |    |   | $ | 120,935.2 |   |
|                                                     |   |               |               |   |         |   |        |         |   |   |       |    |   |   |   |   |
| Liabilities                                              |   |               |               |   |         |   |        |         |   |   |       |    |   |   |   |   |
| GWBL      features’ liability                      |   | $                  | -                  |   |         | $      | -           |         |   | $      | 40.5       |    |   | $ | 40.5 |   |
| Total      Liabilities                                   |   | $                  | -                  |   |         | $      | -           |         |   | $      | 40.5       |    |   | $ | 40.5 |   |

| (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 tenantloans. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|

----

|                                       |   | 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 tenantloans. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|

----

----

|                                        |   |      |   |   | U.S.          |   |    |    |   |   | State      and |   |   | Commer-   |     |   | Residen- |   |    |   |   |
|---------------------------------------------|--------|-----------|--------|--------|---------------|--------|---------|---------|--------|--------|----------------|--------|--------|-----------|----------|--------|----------|--------|---------|--------|--------|
|                                        |   |      |   |   | Treasury,     |   |    |    |   |   | Political      |   |   | cial      |     |   | tial     |   |    |   |   |
|                                        |   |      |   |   | Govt      and |   |    | Foreign |   |   | Sub-           |   |   | Mortgage- |     |   | Mortgage |   |    | Asset- |   |
|                                        |   | Corporate |   |   | Agency        |   |    | Govts   |   |   | divisions      |   |   | backed    |     |   | backed   |   |    | backed |   |
|                                        |   |      |   |   |          |   |    |    |   |   |           |   |   |      |     |   |     |   |    |   |   |
| 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                  |   |      | .4     |   |          |   | -       |    |   |   | -              |   |   |      | -        |   |     |   | .7      |   |   |   | - |   |   |   | - |   |
| Investment      (losses) gains, net         |   |      | -      |   |          |   | -       |    |   |   | -              |   |   |      | -        |   |     |   | (30.0   | )      |   |   | - |   |   |   | .6 |   |
| Decrease      in      the fair value of the |   |      |   |   |          |   |    |    |   |   |           |   |   |      |     |   |     |   |    |   |   |   |   |   |   |   |   |   |
| reinsurance      contracts                  |   |      | -      |   |          |   | -       |    |   |   | -              |   |   |      | -        |   |     |   | -       |   |   |   | - |   |   |   | - |   |
| Subtotal                                    |   |      | .4     |   |          |   | -       |    |   |   | -              |   |   |      | -        |   |     |   | (29.3   | )      |   |   | - |   |   |   | .6 |   |
| Other      comprehensive income             |   |      | 10.4   |   |          |   |  - |    |   |   | -              |   |   |      |  .4 |   |     |   | (40.9   | )      |   |   |  - |   |   |   |  2.3 |   |
| Purchases/issuances                         |   |      | 71.3   |   |          |   | -       |    |   |   | -              |   |   |      | -        |   |     |   | -       |   |   |   | - |   |   |   | - |   |
| Sales/settlements                           |   |      | (16.1  | )      |          |   | -       |    |   |   | -              |   |   |      | (.3      | )      |     |   | -       |   |   |   | - |   |   |   | (10.6 | ) |
| Transfers      into/out of                  |   |      |   |   |          |   |    |    |   |   |           |   |   |      |     |   |     |   |    |   |   |   |   |   |   |   |   |   |
| Level      3 (2)                            |   |      | (110.3 | )      |          |   | -       |    |   |   | (19.7          | )      |   |      | -        |   |     |   | -       |   |   |   | .2 |   |   |   | (21.2 | ) |
| Balance,      March 31, 2010                |   | $         | 421.3  |   |          | $      | -       |    |   | $      | 1.0            |   |   | $         | 47.5     |   |     | $      | 1,419.6 |   |   | $ | .2 |   |   | $ | 188.2 |   |
|                                        |   |      |   |   |          |   |    |    |   |   |           |   |   |      |     |   |     |   |    |   |   |   |   |   |   |   |   |   |

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

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

----

|                                                              |   | Redeemable      preferred stock |   |   | OtherEquity      Investments(1) |   |   | Other      Invested Assets |   |   | GMIB      Reinsurance Asset |   |   | Separate      Accounts Assets |    |   | GWBL      Features Liability |   |
|-------------------------------------------------------------------|--------|---------------------------------|--------|--------|---------------------------------|--------|--------|----------------------------|--------|--------|-----------------------------|--------|--------|-------------------------------|---------|--------|------------------------------|--------|
|                                                              |   |                            |   |   |                            |   |   |                       |   |   |                        |   |   |                          |    |   |                         |   |
| 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                                        |   |                            | -      |   |                            |   | -      |                       |   |   | (6.5                        | )      |   |                          | -       |   |                         |   | - |   |   |   | - |   |
| Investment      (losses), net                                     |   |                            | -      |   |                            |   | -      |                       |   |   | -                           |   |   |                          | -       |   |                         |   | (24.0 | ) |   |   | - |   |
| Decrease      in the      fair value of the reinsurance contracts |   |                            | -      |   |                            |   | -      |                       |   |   | -                           |   |   |                          | (97.3   | )      |                         |   | - |   |   |   | - |   |
| Policyholders’      benefits                                |   |                            | -      |   |                            |   | -      |                       |   |   | -                           |   |   |                          | -       |   |                         |   | - |   |   |   | (16.7 | ) |
| Subtotal                                                          |   |                            | -      |   |                            |   | -      |                       |   |   | (6.5                        | )      |   |                          | (97.3   | )      |                         |   | (24.0 | ) |   |   | (16.7 | ) |
| Other      comprehensive income                                   |   |                            | -      |   |                            |   | -      |                       |   |   | -                           |   |   |                          | -       |   |                         |   | - |   |   |   | - |   |
| Purchases/issuances                                               |   |                            | -      |   |                            |   | -      |                       |   |   | -                           |   |   |                          | 50.4    |   |                         |   | 1.4 |   |   |   | 2.3 |   |
| Sales/settlements                                                 |   |                            | -      |   |                            |   | (.4    | )                          |   |   | -                           |   |   |                          | -       |   |                         |   | (1.1 | ) |   |   | - |   |
| Transfers      into/out of Level      3 (2)                       |   |                            | -      |   |                            |   | -      |                       |   |   | (299.6                      | )      |   |                          | -       |   |                         |   | .9 |   |   |   | - |   |
| Balance,      March 31, 2010                                      |   |                            | 12.4   |   |                            |   | 1.3    |                       |   |   | (6.5                        | )      |   |                          | 2,208.9 |   |                         |   | 206.9 |   |   |   | 40.5 |   |

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

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

|                                                                             |   | Fixed      |    |    |           |   |   |     |   |   |        |   |   |     |    |   |        |   |
|----------------------------------------------------------------------------------|--------|------------|---------|---------|----------------|--------|--------|----------|--------|--------|-------------|--------|--------|----------|---------|--------|-------------|--------|
|                                                                             |   | Maturities |    |    | Other          |   |   | Other    |   |   | GMIB        |   |   | Separate |    |   | GWBL        |   |
|                                                                             |   | Available- |    |    | Equity         |   |   | Invested |   |   | Reinsurance |   |   | Accounts |    |   | Features(1) |   |
|                                                                             |   | For-Sale   |    |    | Investments(1) |   |   | Assets   |   |   | Asset       |   |   | Assets   |    |   | Liability   |   |
|                                                                             |   |       |    |    |           |   |   |     |   |   |        |   |   |     |    |   |        |   |
| Balance,      Jan. 1, 2009                                                       |   | $          | 2,424.4 |    |           | $      | 2.1    |     |   | $      | 547.0       |   |   | $        | 4,821.7 |   |        | $      | 334.3 |   |   | $ | 272.6 |   |
| Total gains      (losses),                                             |   |       |    |    |           |   |   |     |   |   |        |   |   |     |    |   |        |   |   |   |   |   |   |   |
| realized      and unrealized,                                                    |   |       |    |    |           |   |   |     |   |   |        |   |   |     |    |   |        |   |   |   |   |   |   |   |
| included      in:                                                                |   |       |    |    |           |   |   |     |   |   |        |   |   |     |    |   |        |   |   |   |   |   |   |   |
| Earnings      as:                                                                |   |       |    |    |           |   |   |     |   |   |        |   |   |     |    |   |        |   |   |   |   |   |   |   |
| Net      investment income                                                       |   |       | .8      |    |           |   | -      |     |   |   | (136.7      | )      |   |     | -       |   |        |   | - |   |   |   | - |   |
| Investment      gains,                                                           |   |       |    |    |           |   |   |     |   |   |        |   |   |     |    |   |        |   |   |   |   |   |   |   |
| (losses),      net                                                               |   |       | (4.6    | )  |           |   | -      |     |   |   | -           |   |   |     | -       |   |        |   | (32.2 | ) |   |   | - |   |
| Decrease      in fair value of                                                   |   |       |    |    |           |   |   |     |   |   |        |   |   |     |    |   |        |   |   |   |   |   |   |   |
| reinsurance      contracts                                                       |   |       | -       |    |           |   | -      |     |   |   | -           |   |   |     | (982.6  | )      |        |   | - |   |   |   | - |   |
| Policyholders’      benefits                                               |   |       | -       |    |           |   | -      |     |   |   | -           |   |   |     | -       |   |        |   | - |   |   |   | (14.4 | ) |
|                  Subtotal |   |       | (3.8    | )       |           |   | -      |     |   |   | (136.7      | )      |   |     | (982.6  | )      |        |   | (32.2 | ) |   |   | (14.4 | ) |
|          Other      comprehensive loss                            |   |       | (125.7  | )  |           |   | .1     |     |   |   | -           |   |   |     | -       |   |        |   | - |   |   |   | - |   |
| Purchases/issuances      and                                                     |   |       |    |    |           |   |   |     |   |   |        |   |   |     |    |   |        |   |   |   |   |   |   |   |
| sales/settlements,      net                                                      |   |       | 15.8    |    |           |   | (.1    | )        |   |   | 22.8        |   |   |     | 44.9    |   |        |   | (3.0 | ) |   |   | 1.9 |   |
| Transfers      into/out of                                                       |   |       |    |    |           |   |   |     |   |   |        |   |   |     |    |   |        |   |   |   |   |   |   |   |
| Level      3(2)                                                                  |   |       | (72.3   | )       |           |   | (.1    | )        |   |   | -           |   |   |     | -       |   |        |   | .9 |   |   |   | - |   |
| Balance,      March 31, 2009                                                     |   | $          | 2,238.4 |    |           | $      | 2.0    |     |   | $      | 433.1       |   |   | $        | 3,884.0 |   |        | $      | 300.0 |   |   | $ | 260.1 |   |
|                                                                             |   |       |    |    |           |   |   |     |   |   |        |   |   |     |    |   |        |   |   |   |   |   |   |   |

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

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

----

|                                           |   |               |   |
|------------------------------------------------|--------|--------------------|--------|
|                                           |   | Earnings           |   |   |   |   |   |   |   |
|                                           |   |               |   |   | Investment |   |   | Decrease in |   |   |   |   |   |   |   |
|                                           |   | Net                |   |   | Gains |   |   | Fair      Value of |   |   |   |   |   | Policy- |   |
|                                           |   | Investment         |   |   | (Losses), |   |   | Reinsurance |   |   |   |   |   | holders’ |   |
|                                           |   | Income             |   |   | Net |   |   | Contracts |   |   | OCI |   |   | Benefits |   |
|                                           |   | (In      Millions) |   |
| Level      3 Instruments                       |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Still      Held at March 31, 2010:             |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change      in unrealized gains or      losses |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      maturities,                         |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| available-for-sale:                            |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                      |   | $                  | -      |   |   | $ | - |   |   | $ | - |   |   | $ | 10.4 |   |   | $ | - |   |
| U.S.      Treasury, government                 |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and      agency                                |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| State      and political                       |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| subdivisions                                   |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | .4 |   |   |   | - |   |
| Foreign      governments                       |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Commercial                                     |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgage-backed                                |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | (40.9 | ) |   |   | - |   |
| Residential                                    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgage-backed                                |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Asset-backed                                   |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | 2.3 |   |   |   | - |   |
| Redeemable      preferred stock                |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Subtotal                                       |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | (27.8 | ) |   |   | - |   |
| Equity      securities,                        |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| available-for-sale                             |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Other      equity investments                  |   |               | (6.5   | ) |   |   | - |   |   |   | - |   |   |   | .1 |   |   |   | - |   |
| Other      invested assets                     |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Cash      equivalents                          |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Segregated      securities                     |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| GMIB      reinsurance contracts                |   |               | -      |   |   |   | - |   |   |   | (46.9 | ) |   |   | - |   |   |   | - |   |
| Separate      Accounts’ assets           |   |               | -      |   |   |   | (24.1 | ) |   |   | - |   |   |   | - |   |   |   | - |   |
| GWBL      features’ liability            |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 14.4 |   |
| Total                                          |   | $                  | (6.5   | ) |   | $ | (24.1 | ) |   | $ | (46.9 | ) |   | $ | (27.7 | ) |   | $ | 14.4 |   |
|                                           |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                           |   |                       |   |
|------------------------------------------------|--------|----------------------------|--------|
|                                           |   | Earnings                   |   |   |   |   |   |   |   |
|                                           |   | Net      Investment Income |   |   | Investment      Gains (Losses), Net |   |   | Decrease in      Fair Value of Reinsurance Contracts |   |   | OCI |   |   | Policy-holders’      Benefits |   |
|                                           |   |                       |   |   |   |   |   | (In      Millions) |   |   |   |   |   |   |   |
| Level      3 Instruments                       |   |                       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Still      Held at March 31, 2009:             |   |                       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change      in unrealized gains      or losses |   |                       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      maturities, available-for-sale      |   | $                          | -      |   |   | $ | - |   |   | $ | - |   |   | $ | (125.7 | ) |   | $ | - |   |
| Other      equity investments                  |   |                       | -      |   |   |   | - |   |   |   | - |   |   |   | .1 |   |   |   | - |   |
| Other      invested assets                     |   |                       | (113.9 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Cash      equivalents                          |   |                       | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Segregated      securities                     |   |                       | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| GMIB      reinsurance contracts                |   |                       | -      |   |   |   | - |   |   |   | (937.7 | ) |   |   | - |   |   |   | - |   |
| Separate      Accounts’ assets           |   |                       | -      |   |   |   | (32.2 | ) |   |   | - |   |   |   | - |   |   |   | - |   |
| GWBL      features’ liability            |   |                       | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (14.4 | ) |
| Total                                          |   | $                          | (113.9 | ) |   | $ | (32.2 | ) |   | $ | (937.7 | ) |   | $ | (125.6 | ) |   | $ | (14.4 | ) |

|                                     |   | March      31, 2010 |    |   | December      31, 2009 |   |
|------------------------------------------|--------|---------------------|---------|--------|------------------------|--------|
|                                     |   | Carrying            |    |   | Fair                   |   |   | Carrying |   |   | Fair |   |
|                                     |   | Value               |    |   | Value                  |   |   | Value |   |   | Value |   |
|                                     |   | (In      Millions)  |    |
|                                     |   |                |    |
| Consolidated:                            |   |                |    |   |                   |   |   |   |   |   |   |   |
| Mortgage      loans on real estate       |   | $                   | 3,558.8 |   |                   | $      | 3,603.8 |   |   | $ | 3,554.8 |   |   | $ | 3,547.4 |   |
| Other      limited partnership interests |   |                | 1,337.1 |   |                   |   | 1,337.1 |   |   |   | 1,308.4 |   |   |   | 1,308.4 |   |
| Policyholders      liabilities:          |   |                |    |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Investment      contracts                |   |                | 2,679.1 |   |                   |   | 2,703.9 |   |   |   | 2,721.0 |   |   |   | 2,729.4 |   |
| Guaranteed      Interest contracts       |   |                | 5.1     |   |                   |   | 5.4 |   |   |   | - |   |   |   | - |   |
| Loans      to Affiliates                 |   |                | 1,048.3 |   |                   |   | 1,083.9 |   |   |   | 1,048.3 |   |   |   | 1,077.2 |   |
| Long-term      debt                      |   |                | 199.9   |   |                   |   | 230.3 |   |   |   | 199.9 |   |   |   | 226.0 |   |
|                                     |   |                |    |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Closed Block:                            |   |                |    |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage      loans on real estate       |   | $                   | 1,016.5 |   |                   | $      | 1,015.1 |   |   | $ | 1,028.5 |   |   | $ | 1,021.2 |   |
| Other      equity investments            |   |                | 1.5     |   |                   |   | 1.5 |   |   |   | 1.5 |   |   |   | 1.5 |   |
| SCNILC      liability                    |   |                | 7.2     |   |                   |   | 7.2 |   |   |   | 7.6 |   |   |   | 7.6 |   |
|                                     |   |                |    |   |                   |   |   |   |   |   |   |   |   |   |   |   |

----

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

|                              | Three      Months Ended |   |
|-----------------------------------|-------------------------|--------|
|                              | March      31,          |   |
|                              | 2010                    |   | 2009 |   |
|                              | (In      Millions)      |   |
|                              |                    |   |
| Service      cost                 |                    |   | $ | 10.9 |   |   |   | $ | 10.3 |   |
| Interest      cost                |                    |   |   | 32.2 |   |   |   |   | 33.9 |   |
| Expected      return on assets    |                    |   |   | (28.7 | ) |   |   |   | (32.1 | ) |
| Net      amortization             |                    |   |   | 31.1 |   |   |   |   | 23.3 |   |
| Net      Periodic Pension Expense |                    |   | $ | 45.5 |   |   |   | $ | 35.4 |   |

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

----

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

----

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

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

|                                                                           |   | Three      Months Ended |    |
|--------------------------------------------------------------------------------|--------|-------------------------|---------|
|                                                                           |   | March      31,          |    |
|                                                                           |   | 2010                    |    |   | 2009 |   |
|                                                                           |   | (In      Millions)      |    |
|                                                                           |   |                    |    |   |   |   |
| Segment      revenues:                                                         |   |                    |    |   |   |   |
| Insurance                                                                      |   | $                       | 1,409.1 |   |   | $ | 722.4 |   |
| Investment      Management (1)                                                 |   |                    | 729.7   |   |   |   | 604.0 |   |
| Consolidation/elimination                                                      |   |                    | (5.7    | ) |   |   | (6.4 | ) |
| Total      Revenues                                                            |   | $                       | 2,133.1 |   |   | $ | 1,320.0 |   |
|                                                                           |   |                    |    |   |   |   |   |   |
| (1)      Net of interest expense incurred on securities borrowed               |   |                    |    |   |   |   |   |   |
|                                                                           |   |                    |    |   |   |   |   |   |
| Segment      earnings (loss) from continuing operations before                 |   |                    |    |   |   |   |   |   |
| income      taxes:                                                             |   |                    |    |   |   |   |   |   |
| Insurance                                                                      |   | $                       | 314.3   |   |   | $ | (538.5 | ) |
| Investment      Management                                                     |   |                    | 127.6   |   |   |   | 29.5 |   |
| Consolidation/elimination                                                      |   |                    | 2.0     |   |   |   | - |   |
| Total      Earnings (Loss) from Continuing Operations before Income      Taxes |   | $                       | 443.9   |   |   | $ | (509.0 | ) |

----

|                       |   | March      31,2010 |      |   | December      31,2009 |   |
|----------------------------|--------|--------------------|-----------|--------|-----------------------|--------|
|                       |   | (In      Millions) |      |
|                       |   |               |      |   |                  |   |
| Segment      assets:       |   |               |      |   |                  |   |
| Insurance                  |   | $                  | 142,792.3 |   |                  | $      | 139,202.3 |   |
| Investment      Management |   |               | 11,053.2  |   |                  |   | 10,770.7 |   |
| Consolidation/elimination  |   |               | (49.0     | )      |                  |   | (68.6 | ) |
| Total      Assets          |   | $                  | 153,796.5 |   |                  | $      | 149,904.4 |   |

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

----

| ●    | 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      markets and interest rates.  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. |
|---------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                              |   | Three      Months Ended March 31, |   |   | Year      Ended December 31, |   |
|-------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|--------|--------|------------------------------|--------|
|                                                                                                              |   | 2010                              |   |   | 2009                         |   |   | 2009 |   |
|                                                                                                              |   | (In      Millions)                |   |
|                                                                                                              |   |                              |   |
| (Losses)      gains on free-standing derivatives      (1)                                                         |   | $                                 | (154.7 | )      |                         | $      | 222.5 |   |   | $ | (3,079.4 | ) |
| Decrease      in fair value of GMIB reinsurance contracts (2)                                                     |   |                              | (46.9  | )      |                         |   | (937.7 | ) |   |   | (2,565.9 | ) |
| (Increase)      decrease in GMDB, GMIB and      GWBL reserves, net of related      GMDB reinsurance (3) |   |                              | (19.3  | )      |                         |   | (49.5 | ) |   |   | 532.8 |   |
| Total                                                                                                             |   | $                                 | (220.9 | )      |                         | $      | (764.7 | ) |   | $ | (5,112.5 | ) |

| (1) | Reported      in Net investment income (loss) in the consolidated statement of earnings      (loss) |
|-----|-----------------------------------------------------------------------------------------------------|

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

| (3) | Reported      in Policyholders’ benefits in the consolidated statement of earnings      (loss) |
|-----|------------------------------------------------------------------------------------------------------|

----

----

----

----

|                                   |   |   | March      31, |   |
|----------------------------------------|--------|--------|----------------|--------|
|                                   |   |   | 2010           |   |   |   | 2009 |   |
|                                   |   |   |           |   |   |   |   |   |
| Third      party                       |   | $      |  441,420  |   |   | $ | 361,137 |   |
| General      Account and other         |   |   |  48,774   |   |   |   | 52,590 |   |
| Insurance      Group Separate Accounts |   |   |  87,031   |   |   |   | 63,652 |   |
| Total      Assets Under Management     |   | $      |  577,225  |   |   | $ | 477,379 |   |

----

----

| Item      1. | Legal      Proceedings |
|--------------|------------------------|

| Item      1A. | Risk      Factors |
|---------------|-------------------|

| 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. | Submission      of Matters to a Vote of Security Holders         |
|         |                                                             |
|         | Omitted      pursuant to General Instruction H to Form 10-Q.     |
|         |                                                             |
| Item      5. | Other      Information                                           |
|         |                                                             |
|         | None                                                             |

| Item      6. | Exhibits |
|--------------|----------|

|   |   | Number     |   | Description      and Method of Filing                                                                                                     |
|--------|--------|------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |  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:  | May      20, 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:  | May      20, 2010 |   |   | /s/      Alvin H.  Fenichel  |
|   |              |   |   | Name:                        | Alvin      H. Fenichel |
|   |              |   |   | Title:                       | Senior      Vice President and |
|   |              |   |   |                         | Chief      Accounting Officer |

----