| 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 areacode |

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

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

|   | Yes        x | 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                                                           |                                                                                                  |
|-----------------|--------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|
|            | ·                                                                            | Consolidated      Balance Sheets, September 30, 2009 and December 31, 2008                            | 4 |
|            | ·                                                                            | Consolidated      Statements of Earnings, Three Months and Nine Months Ended                          |   |
|            |                                                                                             |          September 30, 2009 and 2008                                                   | 5 |
|            | ·                                                                            | Consolidated      Statements of  Equity, Nine Months Ended September 30, 2009 and      2008 | 6 |
|            | ·                                                                            | Consolidated      Statements of Cash Flows, Nine Months Ended September 30, 2009 and      2008        | 7 |
|            | ·                                                                            | Notes      to Consolidated Financial Statements                                                       | 9 |
|            |                                                                                             |                                                                                                  |
| Item      2:    | Management’s      Discussion and Analysis of Financial Condition and Results of Operations |                                                                                                  |
|            |              (“Management Narrative”)             | 46                                                                                                    |
|            |                                                                                             |                                                                                                  |
| Item      3:    | Quantitative      and Qualitative Disclosures About Market Risk*                                 | 54                                                                                                    |
|            |                                                                                             |                                                                                                  |
| Item      4(T): | Controls      and Procedures                                                      | 54                                                                                                    |
|            |                                                                                             |                                                                                                  |
|            |                                                                                             |                                                                                                  |
| PART      II    | OTHER      INFORMATION                                                                           |                                                                                                  |
|            |                                                                                             |                                                                                                  |
| Item      1:    | Legal      Proceedings                                                       | 55                                                                                                    |
|            |                                                                                             |                                                                                                  |
| Item      1A:   | Risk      Factors                                                                 | 55                                                                                                    |
|            |                                                                                             |                                                                                                  |
| Item      2:    | Unregistered      Sales of Equity Securities and Use of Proceeds*                           | 55                                                                                                    |
|            |                                                                                             |                                                                                                  |
| Item      3:    | Defaults      Upon Senior Securities*                                                            | 55                                                                                                    |
|            |                                                                                             |                                                                                                  |
| Item      4:    | Submission      of Matters to a Vote of Security Holders*                                        | 55                                                                                                    |
|            |                                                                                             |                                                                                                  |
| Item      5:    | Other      Information                                                                 | 55                                                                                                    |
|            |                                                                                             |                                                                                                  |
| Item      6:    | Exhibits                                                                               | 56                                                                                                    |
|            |                                                                                             |                                                                                                  |
| SIGNATURES      |                                                                                             | 57                                                                                                    |
|            |                                                                                             |                                                                                                  |
|            |                                                                                             |                                                                                                  |

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                   |      |   |                  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|-----------|--------|-----------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | September      30,2009 |      |   | December      31,2008 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (In      Millions)     |      |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                   |      |   |                  |   |
| Investments:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                   |      |   |                  |   |
| Fixed      maturities available for sale, at fair      value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | $                      | 27,213.1  |   |                  | $      | 23,831.0 |   |
| Mortgage      loans on real      estate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                   | 3,606.6   |   |                  |   | 3,673.9 |   |
| Equity      real estate, held for the production of      income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                   | 6.3       |   |                  |   | 56.3 |   |
| Policy      loans                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                   | 3,610.8   |   |                  |   | 3,700.3 |   |
| Other      equity      investments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                   | 1,506.7   |   |                  |   | 1,646.8 |   |
| Trading      securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                   | 524.2     |   |                  |   | 322.7 |   |
| Other      invested      assets                                                                                                           |   |                   | 1,369.4   |   |                  |   | 1,501.4 |   |
| Total      investments                                                                                                                                             |   |                   | 37,837.1  |   |                  |   | 34,732.4 |   |
| Cash      and cash      equivalents                                                                                             |   |                   | 2,081.5   |   |                  |   | 2,403.2 |   |
| Cash      and securities segregated, at fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                   | 1,274.3   |   |                  |   | 2,572.6 |   |
| Broker-dealer      related receivables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                   | 1,192.2   |   |                  |   | 1,020.4 |   |
| Deferred      policy acquisition      costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                   | 7,690.9   |   |                  |   | 7,482.0 |   |
| Goodwill      and other intangible assets,      net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                   | 3,683.6   |   |                  |   | 3,702.4 |   |
| Amounts      due from      reinsurers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                   | 2,974.2   |   |                  |   | 2,897.2 |   |
| Loans      to      affiliates                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                   | 900.0     |   |                  |   | 588.3 |   |
| Other      assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                   | 8,882.2   |   |                  |   | 13,240.8 |   |
| Separate      Accounts’ assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                   | 81,516.2  |   |                  |   | 67,627.0 |   |
| Total      Assets                                                                                                               |   | $                      | 148,032.2 |   |                  | $      | 136,266.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                   |      |   |                  |   |   |   |
| LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                   |      |   |                  |   |   |   |
| Policyholders’      account      balances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | $                      | 24,241.2  |   |                  | $      | 24,742.5 |   |
| Future      policy benefits and other policyholders      liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                   | 17,200.9  |   |                  |   | 17,733.1 |   |
| Broker-dealer      related      payables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                   | 533.9     |   |                  |   | 485.5 |   |
| Customers      related      payables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                   | 1,617.7   |   |                  |   | 2,753.1 |   |
| Amounts      due to      reinsurers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                   | 112.2     |   |                  |   | 64.2 |   |
| Short-term      and long-term debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                   | 1,577.0   |   |                  |   | 484.6 |   |
| Loans      from      affiliates                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                   | -         |   |                  |   | 1,325.0 |   |
| Income      taxes      payable                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                   | 3,454.0   |   |                  |   | 3,794.4 |   |
| Other      liabilities                                                                                                          |   |                   | 3,335.9   |   |                  |   | 2,861.4 |   |
| Noncontrolling      interest subject to redemption      rights                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                   | -         |   |                  |   | 135.0 |   |
| Separate      Accounts’      liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                   | 81,516.2  |   |                  |   | 67,627.0 |   |
| Total      liabilities                                                                                                                                                                                                                                                                                                                                                               |   |                   | 133,589.0 |   |                  |   | 122,005.8 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                   |      |   |                  |   |   |   |
| 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                   | 5,626.9   |   |                  |   | 5,184.1 |   |
| Retained      earnings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   | 6,675.3   |   |                  |   | 8,412.6 |   |
| Accumulated      other comprehensive loss                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                   | (1,077.1  | )      |                  |   | (2,235.6 | ) |
| Total      AXA Equitable’s equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                   | 11,227.6  |   |                  |   | 11,363.6 |   |
| Noncontrolling      interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                   | 3,215.6   |   |                  |   | 2,896.9 |   |
| Total      equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                   | 14,443.2  |   |                  |   | 14,260.5 |   |
| Total      Liabilities and Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | $                      | 148,032.2 |   |                  | $      | 136,266.3 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                |   |                                      |    |   |                                     |   |    |             |   |   |             |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|---------|--------|------------------------------------------|--------|---------|------------------|--------|--------|------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                |   | Three      Months EndedSeptember      30, |    |   | Nine      Months EndedSeptember      30, |   |
|                                                                                                                                                                                                                                                                                                                                                                |   |        2009                          |    |   |        2008                         |   |    |        2009 |   |   |        2008 |   |
|                                                                                                                                                                                                                                                                                                                                                                |   | (In      Millions)                        |    |
|                                                                                                                                                                                                                                                                                                                                                                |   |                                      |    |   |                                     |   |    |             |   |   |             |   |
| REVENUES                                                                                                                                                                                                                                                                                                                                                            |   |                                      |    |   |                                     |   |    |             |   |   |             |   |
| Universal      life and investment-type                                                                                                                                                                                                                                                                                                                             |   |                                      |    |   |                                     |   |    |             |   |   |             |   |
| product      policy fee income                                                                                                                                                                                                                                                                                                                  |   | $                                         | 748.8   |   |                                     | $      | 756.5   |             |   | $      | 2,159.1          |   |   | $ | 2,226.7 |   |
| Premiums                                                                                                                                                                                                                                                        |   |                                      | 74.7    |   |                                     |   | 190.7   |             |   |   | 315.5            |   |   |   | 593.7 |   |
| Net      investment (loss) income:                                                                                                                                                                                                                                                                                                                                  |   |                                      |    |   |                                     |   |    |             |   |   |             |   |   |   |   |   |
| Investment      (loss) income from                                                                                                                                                                                                                                                                                                                                  |   |                                      |    |   |                                     |   |    |             |   |   |             |   |   |   |   |   |
| derivative      instruments                                                                                                                                                                                                                                                                                                                                         |   |                                      | (740.0  | )      |                                     |   | 897.1   |             |   |   | (2,493.8         | )      |   |   | 1,458.9 |   |
| Other      investment income                                                                                                                                                                                                                                                                                                                                   |   |                                      | 667.5   |   |                                     |   | 383.5   |             |   |   | 1,530.5          |   |   |   | 1,468.3 |   |
| Total      net investment (loss) income                                                                                                                                                                                                                                                                                                                        |   |                                      | (72.5   | )      |                                     |   | 1,280.6 |             |   |   | (963.3           | )      |   |   | 2,927.2 |   |
| Investment      (losses) gains, net:                                                                                                                                                                                                                                                                                                                                |   |                                      |    |   |                                     |   |    |             |   |   |             |   |   |   |   |   |
| Total      other-than-temporary impairment losses                                                                                                                                                                                                                                                                                                                   |   |                                      | (49.2   | )      |                                     |   | (199.7  | )                |   |   | (142.4           | )      |   |   | (260.7 | ) |
| Portion      of loss recognized in other                                                                                                                                                                                                                                                                                                                            |   |                                      |    |   |                                     |   |    |             |   |   |             |   |   |   |   |   |
| comprehensive      income                                                                                                                                                                                                                                                                                                                                      |   |                                      | .8      |   |                                     |   | -       |             |   |   | 4.1              |   |   |   | - |   |
| Net      impairment losses recognized                                                                                                                                                                                                                                                                                                                               |   |                                      | (48.4   | )      |                                     |   | (199.7  | )                |   |   | (138.3           | )      |   |   | (260.7 | ) |
| Other      investment gains (losses), net                                                                                                                                                                                                                                                                                                                      |   |                                      | 22.5    |   |                                     |   | (13.5   | )                |   |   | 198.4            |   |   |   | 8.0 |   |
| Total      investment (losses) gains, net                                                                                                                                                                                                                                                                                                                           |   |                                      | (25.9   | )      |                                     |   | (213.2  | )                |   |   | 60.1             |   |   |   | (252.7 | ) |
| Commissions,      fees and other income                                                                                                                                                                                                                                                                                                                             |   |                                      | 864.0   |   |                                     |   | 1,159.5 |             |   |   | 2,440.0          |   |   |   | 3,677.7 |   |
| Increase      (decrease) in fair value of reinsurance contracts                                                                                                                                                                                                                                                                                                     |   |                                      | 96.0    |   |                                     |   | 203.6   |             |   |   | (2,039.8         | )      |   |   | 389.0 |   |
| Total      revenues                                                         |   |                                      | 1,685.1 |   |                                     |   | 3,377.7 |             |   |   | 1,971.6          |   |   |   | 9,561.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                |   |                                      |    |   |                                     |   |    |             |   |   |             |   |   |   |   |   |
| BENEFITS      AND OTHER DEDUCTIONS                                                                                                                                                                                                                                                                                                                                  |   |                                      |    |   |                                     |   |    |             |   |   |             |   |   |   |   |   |
| Policyholders’      benefits                                                                                                                                                                                                                                                                                                                        |   |                                      | 499.9   |   |                                     |   | 655.3   |             |   |   | 988.7            |   |   |   | 1,672.4 |   |
| Interest      credited to policyholders’                                                                                                                                                                                                                                                                                                                      |   |                                      |    |   |                                     |   |    |             |   |   |             |   |   |   |   |   |
| account      balances                                                                                                                                                                                                                                                                                                                                |   |                                      | 259.2   |   |                                     |   | 261.0   |             |   |   | 763.4            |   |   |   | 789.0 |   |
| Compensation      and benefits                                                                                                                                                                                                                                                                                                                                 |   |                                      | 488.8   |   |                                     |   | 474.8   |             |   |   | 1,427.3          |   |   |   | 1,610.7 |   |
| Commissions                                                                                                                                                                                                                                                                                                                                          |   |                                      | 217.9   |   |                                     |   | 368.6   |             |   |   | 766.3            |   |   |   | 1,106.8 |   |
| Distribution      plan payments                                                                                                                                                                                                                                                                                                                           |   |                                      | 55.2    |   |                                     |   | 70.0    |             |   |   | 146.4            |   |   |   | 227.9 |   |
| Amortization      of deferred sales commissions                                                                                                                                                                                                                                                                                                                     |   |                                      | 13.4    |   |                                     |   | 19.4    |             |   |   | 42.1             |   |   |   | 61.9 |   |
| Interest      expense                                                                                                                                                                                                                                                                                                                                |   |                                      | 26.7    |   |                                     |   | 10.4    |             |   |   | 80.7             |   |   |   | 36.9 |   |
| Amortization      of deferred policy acquisition costs                                                                                                                                                                                                                                                                                                              |   |                                      | 7.9     |   |                                     |   | 1,202.1 |             |   |   | (65.7            | )      |   |   | 1,714.1 |   |
| Capitalization      of deferred policy acquisition costs                                                                                                                                                                                                                                                                                                            |   |                                      | (206.0  | )      |                                     |   | (344.4  | )                |   |   | (735.4           | )      |   |   | (1,081.6 | ) |
| Rent      expense                                                                                                                                                                                                                                                                                                                                              |   |                                      | 67.4    |   |                                     |   | 62.2    |             |   |   | 192.1            |   |   |   | 182.1 |   |
| Amortization      of other intangible assets                                                                                                                                                                                                                                                                                                              |   |                                      | 6.2     |   |                                     |   | 5.9     |             |   |   | 18.4             |   |   |   | 17.8 |   |
| Other      operating costs and expenses                                                                                                                                                                                                                                                                                                                   |   |                                      | 316.9   |   |                                     |   | 277.4   |             |   |   | 988.1            |   |   |   | 900.9 |   |
| Total      benefits and other deductions                                                                                                                                                                                                                                                                                                                            |   |                                      | 1,753.5 |   |                                     |   | 3,062.7 |             |   |   | 4,612.4          |   |   |   | 7,238.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                |   |                                      |    |   |                                     |   |    |             |   |   |             |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Three      Months Ended        |   |   |  Nine      Months Ended |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|--------|--------|------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   |  September      30,       |   |   |  September      30,     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   |  2009                     |   |   |  2008                   |   |   |  2009 |   |   |  2008 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   (In      Millions) |   |
| (Loss)      earnings from continuing operations before                                                                                                                                                                                                                                                                                                                                                                     |   |                           |   |   |                         |   |   |   |   |   |   |   |
| income      taxes                                                                                              |   | $                              | (68.4  | )      |                         | $      | 315.0 |   |   | $  | (2,640.8 | ) |   | $ | 2,322.7 |   |
| Income      tax benefit      (expense)                                                               |   |                           | 75.9   |   |                         |   | (96.3 | ) |   |   | 1,079.0 |   |   |   | (693.8 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      (loss) from continuing operations                                                                                                                                                                                                                                                                                                                                                                            |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| net      of income      taxes                                                                                  |   |                           | 7.5    |   |                         |   | 218.7 |   |   |   | (1,561.8 | ) |   |   | 1,628.9 |   |
| (Loss)      earnings from discontinued operations,                                                                                                                                                                                                                                                                                                                                                                         |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| net      of income      taxes                                                                                  |   |                           | (4.5   | )      |                         |   | 5.0 |   |   |   | 4.1 |   |   |   | 16.0 |   |
| Gain      on disposal of discontinued                                                                                                                                                                                                                                                                                                                                                                                      |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| operations,      net of income taxes                                                                                                                                                                                                                                                                                                                                                                                       |   |                           | -      |   |                         |   | - |   |   |   | - |   |   |   | 6.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Net      earnings      (loss)                                                                        |   |                           | 3.0    |   |                         |   | 223.7 |   |   |   | (1,557.7 | ) |   |   | 1,651.2 |   |
| Less:      net earnings attributable to the                                                                                                                                                                                                                                                                                                                                                                                |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| noncontrolling      interest                                                                                                       |   |                           | (148.1 | )      |                         |   | (127.1 | ) |   |   | (241.6 | ) |   |   | (436.6 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Net      (Loss) Earnings Attributable to AXA Equitable                                                                                                                                                                                                                                                                                                                                                                     |   | $                              | (145.1 | )      |                         | $      | 96.6 |   |   | $ | (1,799.3 | ) |   | $ | 1,214.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Amounts      attributable to AXA Equitable:                                                                                                                                                                                                                                                                                                                                                                                |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| (Loss)      earnings from continuing operations,                                                                                                                                                                                                                                                                                                                                                                           |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| net      of income taxes                                                                                                                                                                                                                                                                                                                                                                                                   |   | $                         | (140.6 | )      |                         | $      | 91.6 |   |   | $  | (1,803.4 | ) |   | $ | 1,192.3 |   |
| (Loss)      earnings from discontinued operations,                                                                                                                                                                                                                                                                                                                                                                         |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| net      of income taxes                                                                                                                                                                                                                                                                                                                                                                                                   |   |                           | (4.5   | )      |                         |   | 5.0 |   |   |   | 4.1 |   |   |   | 16.0 |   |
| Gain      on disposal of discontinued                                                                                                                                                                                                                                                                                                                                                                                      |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| operations,      net of income taxes                                                                                                                                                                                                                                                                                                                                                                                       |   |                           | -      |   |                         |   | - |   |   |   | - |   |   |   | 6.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                           |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Net      (Loss) Earnings Attributable to AXA Equitable                                                                                                                                                                                                                                                                                                                                                                     |   | $                              | (145.1 | )      |                         | $      | 96.6 |   |   | $ | (1,799.3 | ) |   | $ | 1,214.6 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 2009               |     |   | 2008   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | (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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               | 5,184.1  |   |   |   | 5,265.4 |   |
| Changes      in capital in excess of par value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               | 442.8    |   |   |   | 34.6 |   |
| Capital      in excess of par value, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               | 5,626.9  |   |   |   | 5,300.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |   |   |   |   |
| Retained      earnings, beginning of year                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               | 8,412.6  |   |   |   | 5,186.0 |   |
| Net      (loss) earnings attributable to AXA Equitable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               | (1,799.3 | )      |   |   | 1,214.6 |   |
| Impact      of implementing new accounting standards, net of taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               | 62.0     |   |   |   | - |   |
| Retained      earnings, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |               | 6,675.3  |   |   |   | 6,400.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |   |   |   |   |
| Accumulated      other comprehensive loss, beginning of year                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               | (2,235.6 | )      |   |   | (267.9 | ) |
| Impact      of implementing new accounting standards, net of taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               | (62.0    | )      |   |   | - |   |
| Other      comprehensive gain (loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               | 1,220.5  |   |   |   | (1,221.3 | ) |
| Accumulated      other comprehensive loss, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               | (1,077.1 | )      |   |   | (1,489.2 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |   |   |   |   |
| Total      AXA Equitable’s equity, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               | 11,227.6 |   |   |   | 10,213.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |   |   |   |   |
| Noncontrolling      interest, beginning of year                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               | 2,896.9  |   |   |   | 2,478.9 |   |
| Net      earnings attributable to noncontrolling interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               | 241.6    |   |   |   | 436.6 |   |
| Other      comprehensive (loss) income attributable to noncontrolling      interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               | 67.8     |   |   |   | (24.6 | ) |
| Purchase      of AllianceBernstein Units by noncontrolling interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               | -        |   |   |   | 31.9 |   |
| Exercise      of AllianceBernstein      Put                                                                                             |   |               | 135.0    |   |   |   | - |   |
| Dividends      paid to noncontrolling interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               | (168.7   | )      |   |   | (460.7 | ) |
| Capital      contributions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               | 19.4     |   |   |   | 12.8 |   |
| Other      changes in noncontrolling interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | 23.6     |   |   |   | 27.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |   |   |   |   |
| Noncontrolling      interest, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               | 3,215.6  |   |   |   | 2,502.8 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |   |   |   |   |
| Total      Equity, End of Period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | $                  | 14,443.2 |   |   | $      | 12,716.7 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 2009               |     |   | 2008   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |
| Net      (loss)      earnings                                                                                             |   | $                  | (1,557.7 | )      |   | $      | 1,651.2 |   |
| Adjustments      to reconcile net (loss) earnings to net cash provided                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |   |   |   |   |
| by      operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |     |   |   |   |   |   |
| Interest      credited to policyholders’ account balances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               | 763.4    |   |   |   | 789.0 |   |
| Universal      life and investment-type product policy fee income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               | (2,159.1 | )      |   |   | (2,226.7 | ) |
| Net      change in broker-dealer and customer related      receivables/payables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | (1,334.8 | )      |   |   | (487.1 | ) |
| Change      in net investment income related to derivative instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               | 2,493.8  |   |   |   | (1,458.9 | ) |
| Investment      (gains) losses, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               | (60.1    | )      |   |   | 252.7 |   |
| Change      in segregated cash and securities, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |               | 1,298.3  |   |   |   | 10.2 |   |
| Change      in deferred policy acquisition costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | (801.1   | )      |   |   | 632.5 |   |
| Change      in future policy benefits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | (578.0   | )      |   |   | 184.1 |   |
| Change      in income taxes payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               | (1,031.6 | )      |   |   | 490.4 |   |
| Change      in fair value of guaranteed minimum income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |   |   |   |   |
| benefit      reinsurance      contracts                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | 2,039.8  |   |   |   | (388.9 | ) |
| Change      in reinsurance recoverable with      affiliate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |               | 1,485.7  |   |   |   | - |   |
| Equity      loss (income) in other limited      partnerships                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               | 128.6    |   |   |   | (39.4 | ) |
| Amortization      of deferred sales commissions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               | 42.1     |   |   |   | 61.9 |   |
| Other      depreciation and amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |               | 114.2    |   |   |   | 99.9 |   |
| Amortization      of reinsurance cost                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               | 230.1    |   |   |   | - |   |
| Amortization      of other intangible assets, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               | 18.4     |   |   |   | 17.8 |   |
| Other,      net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               | 349.9    |   |   |   | 122.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |   |   |
| Net      cash provided by (used in) operating      activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               | 1,441.9  |   |   |   | (288.4 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |   |   |
| Cash      flows from investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |     |   |   |   |   |   |
| Maturities      and repayments of fixed maturities and mortgage loans on real      estate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               | 1,490.5  |   |   |   | 1,285.1 |   |
| Sales      of investments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               | 4,785.2  |   |   |   | 617.4 |   |
| Sale      of AXA Equitable Life and      Annuity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               | -        |   |   |   | 60.8 |   |
| Purchases      of      investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               | (6,357.6 | )      |   |   | (1,708.6 | ) |
| Cash      settlements related to derivative      instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               | (2,161.3 | )      |   |   | 1,659.6 |   |
| Change      in short-term      investments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               | 226.7    |   |   |   | 12.6 |   |
| Increase      in loans to      affiliates                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               | (250.0   | )      |   |   | - |   |
| Change      in capitalized software, leasehold improvements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |     |   |   |   |   |   |
| and      EDP      equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               | (95.5    | )      |   |   | (109.7 | ) |
| Other,      net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |               | (26.8    | )      |   |   | 74.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |   |   |
| Net      cash (used in) provided by investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               | (2,388.8 | )      |   |   | 1,891.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2009               |     |   | 2008   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |
| Cash      flows from financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |
| Policyholders’      account balances:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               |     |   |   |   |
| Deposits                                                                                                                                                            |   | $                  | 2,724.5  |   |   | $      | 3,189.7 |   |
| Withdrawals      and transfers to Separate Accounts                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               | (1,872.7 | )      |   |   | (1,887.6 | ) |
| Net      change in short-term      financings                                                                                                             |   |               | (228.9   | )      |   |   | 231.6 |   |
| Decrease      in collateralized pledged liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               | (371.7   | )      |   |   | - |   |
| Capital      contribution                                                                                                                                 |   |               | 438.9    |   |   |   | - |   |
| Other,      net                                                                                                                                           |   |               | (64.9    | )      |   |   | (252.7 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |   |   |
| Net      cash provided by financing      activities                                                                                             |   |               | 625.2    |   |   |   | 1,281.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |   |   |
| Change      in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               | (321.7   | )      |   |   | 2,883.8 |   |
| Cash      and cash equivalents, beginning of year                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               | 2,403.2  |   |   |   | 1,173.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |   |   |
| Cash      and Cash Equivalents, End of Period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                  | 2,081.5  |   |   | $      | 4,057.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |   |   |
| Supplemental      cash flow information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |   |   |   |   |   |
| Interest      Paid                                                                                                                                        |   | $                  | 8.7      |   |   | $      | 18.1 |   |
| Income      Taxes      Paid                                                                                                                               |   | $                  | 25.6     |   |   | $      | 214.7 |   |

----

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

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

----

| ·         | Recharacterize      minority interests, previously classified within liabilities, as      noncontrolling interests reported as a component of consolidated equity on      the balance sheet,  |
|--------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·         | Include      total income in net income, with separate disclosure on the face of the      consolidated income statement of the attribution of income between      controlling and noncontrolling interests, and  |
|--------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·         | Account      for increases and decreases in noncontrolling interests as equity      transactions with any difference between proceeds of a purchase or      issuance of noncontrolling interests being accounted for as a change to      the controlling entity’s equity instead of as current period gains/losses      in the consolidated income statement.  Only when the controlling      entity loses control and deconsolidates a subsidiary will a gain or loss      be recognized. |
|--------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| ·         | a      valuation technique that uses: |
|--------------------------|---------------------------------------|

| o    | the      quoted price of the identical liability when traded as an      asset |
|---------------------|-------------------------------------------------------------------------------|

| o         | quoted      prices for similar liabilities or similar liabilities when traded as      assets, or |
|---------------------|--------------------------------------------------------------------------------------------------|

| ·         | another      valuation technique that is consistent with the principles of Fair Value      Measurements and Disclosures, such as an income approach (like a present      value technique) or a market approach (like a technique based on the      amount the reporting entity would pay to transfer the identical liability      or would receive to enter into the identical liability at the measurement      date. |
|--------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

|                                                                                                                                                                                                                                                                                                 |   | AmortizedCost      |     |   | GrossUnrealizedGains |   |    | GrossUnrealizedLosses |   |   |        Fair      Value |   |   | Other-than-temporaryImpairmentsin      AOCI (3) |     |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|----------------------|--------|---------|-----------------------|--------|--------|-----------------------------|--------|--------|-------------------------------------------------|----------|
|                                                                                                                                                                                                                                                                                                 |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                 |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                                            |     |
| September 30, 2009:                                                                                                                                                                                                                                                                                  |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                                            |     |
| Fixed      Maturities:                                                                                                                                                                                                                                                                               |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                                            |     |
| Corporate                                                                               |   | $                  | 19,024.2 |   |                 | $      | 1,014.9 |                  |   | $      | 290.9                       |   |   | $                                               | 19,748.2 |   |   | $ | 1.1 |   |
| U.S.      Treasury, government                                                                                                                                                                                                                                                                       |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                                            |     |   |   |   |   |   |
| and      agency                                                                                   |   |               | 1,540.2  |   |                 |   | 5.3     |                  |   |   | 61.9                        |   |   |                                            | 1,483.6  |   |   |   | - |   |
| States      and political                                                                                                                                                                                                                                                                            |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                                            |     |   |   |   |   |   |
| subdivisions                                                                                      |   |               | 253.4    |   |                 |   | 9.4     |                  |   |   | 1.8                         |   |   |                                            | 261.0    |   |   |   | - |   |
| Foreign      governments                                                                |   |               | 247.6    |   |                 |   | 35.4    |                  |   |   | -                           |   |   |                                            | 283.0    |   |   |   | - |   |
| Commercial      mortgage-backed                                                                                                                                                                                                                                                                      |   |               | 2,103.1  |   |                 |   | 3.5     |                  |   |   | 490.6                       |   |   |                                            | 1,616.0  |   |   |   | - |   |
| Residential      mortgage-backed (1)                                                                                                                                                                                                                                                                 |   |               | 1,882.7  |   |                 |   | 47.2    |                  |   |   | 1.9                         |   |   |                                            | 1,928.0  |   |   |   | - |   |
| Asset-backed      (2)                                                                   |   |               | 438.1    |   |                 |   | 23.3    |                  |   |   | 27.9                        |   |   |                                            | 433.5    |   |   |   | 14.9 |   |
| Redeemable      preferred stock                                                                                                                                                                                                                                                                      |   |               | 1,746.4  |   |                 |   | 5.3     |                  |   |   | 291.9                       |   |   |                                            | 1,459.8  |   |   |   | - |   |
| Total      Fixed Maturities                                                                                                                                                                                                                                                                          |   |               | 27,235.7 |   |                 |   | 1,144.3 |                  |   |   | 1,166.9                     |   |   |                                            | 27,213.1 |   |   |   | 16.0 |   |
|                                                                                                                                                                                                                                                                                                 |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                                            |     |   |   |   |   |   |
| Equity      securities                                              |   |               | 39.1     |   |                 |   | 6.0     |                  |   |   | -                           |   |   |                                            | 45.1     |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                 |   |               |     |   |                 |   |    |                  |   |   |                        |   |   |                                            |     |   |   |   |   |   |
| Total      at September 30, 2009                                                                                                                                                                                                                                                                     |   | $                  | 27,274.8 |   |                 | $      | 1,150.3 |                  |   | $      | 1,166.9                     |   |   | $                                               | 27,258.2 |   |   | $ | 16.0 |   |

|                                                                                                                                                                                                                                                                                                 |   |   |     |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------|
| December 31, 2008                                                                                                                                                                                                                                                                                    |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      Maturities:                                                                                                                                                                                                                                                                               |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                                                               |   | $      | 18,689.6 |   |   | $ | 231.4 |   |   | $ | 1,713.3 |   |   | $ | 17,207.7 |   |   |   | - |   |
| U.S.      Treasury, government                                                                                                                                                                                                                                                                       |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and      agency                                                                                   |   |   | 907.0    |   |   |   | 260.9 |   |   |   | - |   |   |   | 1,167.9 |   |   |   | - |   |
| States      and political                                                                                                                                                                                                                                                                            |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| subdivisions                                                                                      |   |   | 181.5    |   |   |   | 12.0 |   |   |   | 9.1 |   |   |   | 184.4 |   |   |   | - |   |
| Foreign      governments                                                                |   |   | 214.3    |   |   |   | 37.3 |   |   |   | 5.6 |   |   |   | 246.0 |   |   |   | - |   |
| Commercial      mortgage-backed                                                                                                                                                                                                                                                                      |   |   | 2,215.5  |   |   |   | 4.0 |   |   |   | 544.8 |   |   |   | 1,674.7 |   |   |   | - |   |
| Residential      mortgage-backed (1)                                                                                                                                                                                                                                                                 |   |   | 1,244.8  |   |   |   | 51.2 |   |   |   | - |   |   |   | 1,296.0 |   |   |   | - |   |
| Asset-backed      (2)                                                                   |   |   | 937.4    |   |   |   | 40.3 |   |   |   | 35.2 |   |   |   | 942.5 |   |   |   | - |   |
| Redeemable      preferred stock                                                                                                                                                                                                                                                                      |   |   | 1,820.9  |   |   |   | 1.5 |   |   |   | 710.6 |   |   |   | 1,111.8 |   |   |   | - |   |
| Total      Fixed Maturities                                                                                                                                                                                                                                                                          |   |   | 26,211.0 |   |   |   | 638.6 |   |   |   | 3,018.6 |   |   |   | 23,831.0 |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                 |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity      securities                                              |   |   | 31.7     |   |   |   | - |   |   |   | 4.9 |   |   |   | 26.8 |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                 |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      at December 31, 2008                                                                                                                                                                                                                                                                      |   | $      | 26,242.7 |   |   | $ | 638.6 |   |   | $ | 3,023.5 |   |   | $ | 23,857.8 |   |   |   | - |   |

| (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 since      the adoption of new guidance on April 1,2009. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                             | Available      for Sale |   |
|--------------------------------------------------|-------------------------|--------|
|                                             | Amortized               |   |   |   |
|                                             | Cost                    |   | Fair      Value |   |
|                                             | (In      Millions)      |   |
|                                             |                    |   |
| Due      in one year or less                     |                    | $      | 592.2 |   |   | $ | 602.9 |   |
| Due      in years two through five               |                    |   | 8,732.9 |   |   |   | 9,127.5 |   |
| Due      in years six through ten                |                    |   | 7,766.1 |   |   |   | 7,965.8 |   |
| Due      after ten years                         |                    |   | 3,974.2 |   |   |   | 4,079.6 |   |
| Subtotal                                         |                    |   | 21,065.4 |   |   |   | 21,775.8 |   |
| Commercial      mortgage-backed securities  |                    |   | 2,103.1 |   |   |   | 1,616.0 |   |
| Residential      mortgage-backed securities      |                    |   | 1,882.7 |   |   |   | 1,928.0 |   |
| Asset-backed      securities                     |                    |   | 438.1 |   |   |   | 433.5 |   |
| Total                                            |                    | $      | 25,489.3 |   |   | $ | 25,753.3 |   |

----

| Balance      at March 31, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $      | -      |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|---------|
| Cumulative      adjustment related to implementing new guidance on April 1,      2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | (127.3 |  ) |
| Previously      recognized impairments on securities that matured, paid, prepaid or      sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 29.9   |    |
| Previously      recognized impairments on securities impaired to fair value this period      (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | -      |    |
| Impairments      recognized this period on securities not previously    impaired                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | (69.8  |  ) |
| Additional      impairments this period on securities previously impaired                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | (22.1  |  ) |
| Increases      due to passage of time on previously recorded creditlosses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | -      |    |
| Accretion      of previously recognized impairments due to increases in expected cash      flows                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | -      |    |
| Balance      at June 30,      2009                                                                                                              |   |   | (189.3 |  ) |
| Previously      recognized impairments on securities that matured, paid, prepaid or      sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 10.7   |    |
| Previously      recognized impairments on securities impaired to fair value this period      (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | -      |    |
| Impairments      recognized this period on securities not previously    impaired                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | (48.5  |  ) |
| Additional      impairments this period on securities previously      impaired                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   | -      |    |
| Increases      due to passage of time on previously recorded credit      losses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | -      |    |
| Accretion      of previously recognized impairments due to increases in expected cash      flows                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | -      |    |
| Balance      at September 30,      2009                                                                                                         |   | $      | (227.1 |  ) |

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

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  September 30,      |   | December      31, |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------|--------|-------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 2009                     |   | 2008              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                     |   |
| AFS      Securities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                     |   |              |   |   |   |
| Fixed      maturities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                     |   |              |   |   |   |
| With      OTTI      loss                                                                                                |                     | $      | (3.7              | )      |   | $ | - |   |
| All      other                                                                                                          |                     |   | (18.9             | )      |   |   | (2,380.0 | ) |
| Equity      securities                                                                                        |                     |   | 6.0               |   |   |   | (4.9 | ) |
| Net      Unrealized Losses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                     | $      | (16.6             | )      |   | $ | (2,384.9 | ) |

----

|                                     |   |               |   |   |   |    |    |          |   |   |        |    |   | 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,      June 30, 2009              |   | $                  | (73.5  | )      |   | $       | 15.0    |          |   | $      | -           |    |   | $                   | 20.5    |   |   | $ | (38.0 | ) |
| Cumulative      impact of implementing   |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| new      guidance on April 1, 2009       |   |               | -      |   |   |    | -       |          |   |   | -           |    |   |                | -       |   |   |   | - |   |
| Net      investment gains (losses)       |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| arising      during the period           |   |               | 69.8   |   |   |    | -       |          |   |   | -           |    |   |                | -       |   |   |   | 69.8 |   |
| Reclassification      adjustment for     |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| OTTI      (losses) included in           |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| Net      earnings                        |   |               | -      |   |   |    | -       |          |   |   | -           |    |   |                | -       |   |   |   | - |   |
| Reclassification      adjustment for     |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| OTTI      (losses) excluded from         |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| Net      earnings (1)               |   |               | -      |   |   |    | -       |          |   |   | -           |    |   |                | -       |   |   |   | - |   |
| Impact      of net unrealized investment |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| gains      (losses) on DAC               |   |               | -      |   |   | (13.1   | )  |          |   | -      |        |    |   | -                   |    |   |   | (13.1 | )  |
| Impact      of net unrealized investment |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| gains      (losses) on deferred income   |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| taxes                                    |   |               | -      |   |   |    | -       |          |   |   | -           |    |   | (19.8               | )  |   |   | (19.8 | )  |
| Impact      of net unrealized investment |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| gains      (losses) on Policyholders     |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| liabilities                              |   |               | -      |   |   |    | -       |          |   |   | (.1         | )  |   |                | -       |   |   |   | (.1 | )  |
| Balance,      September 30, 2009         |   | $                  | (3.7   | )      |   |  $ | 1.9     |          |   | $      | (.1         | )  |   |  $             | .7      |   |   | $ | (1.2 | ) |
|                                     |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| Balance,      March 31, 2009             |   | $                  | -      |   |   | $       | -       |          |   | $      | -           |    |   | $                   | -       |   |   | $ | - |   |
| Cumulative      impact of implementing   |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| new      guidance on April 1, 2009       |   |               | (35.1  | )      |   |    | 5.5     |          |   |   | -           |    |   |                | 10.3    |   |   |   | (19.3 | ) |
| Net      investment gains (losses)       |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| arising      during the period           |   |               | 12.1   |   |   |    | -       |          |   |   | -           |    |   |                | -       |   |   |   | 12.1 |   |
| Reclassification      adjustment for     |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| OTTI      (losses) included in           |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| Net      earnings                        |   |               | 22.1   |   |   |    | -       |          |   |   | -           |    |   |                | -       |   |   |   | 22.1 |   |
| Reclassification      adjustment for     |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| OTTI      (losses) excluded from         |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| Net      earnings (1)               |   |               | (2.8   | )      |   |    | -       |          |   |   | -           |    |   |                | -       |   |   |   | (2.8 | ) |
| Impact      of net unrealized investment |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| gains      (losses) on DAC               |   |               | -      |   |   | (3.6    | )  |          |   | -      |        |    |   | -                   |    |   |   | (3.6 | )  |
| Impact      of net unrealized investment |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| gains      (losses) on deferred income   |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| taxes                                    |   |               | -      |   |   |    | -       |          |   |   | -           |    |   | (9.6                | )  |   |   | (9.6 | )  |
| Impact      of net unrealized investment |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| gains      (losses) on Policyholders     |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |
| liabilities                              |   |               | -      |   |   |    | -       |          |   |   | (.1         | )  |   |                | -       |   |   |   | (.1 | )  |
| Balance,      September 30, 2009         |   | $                  | (3.7   | )      |   |  $ | 1.9     |          |   | $      | (.1         | )  |   |  $             | .7      |   |   | $ | (1.2 | ) |
|                                     |   |               |   |   |   |    |    |          |   |   |        |    |   |                |    |   |   |   |   |   |

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

----

|                                     |   |               |     |   |   |    |   |          |   |   |        |    |   | 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,      June 30, 2009              |   | $                  | (1,395.8 | )      |   | $       | 285.2  |          |   | $      | -           |    |   | $                   | 389.8   |   |   | $ | (720.8 | ) |
| Cumulative      impact of implementing   |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| new      guidance on April 1, 2009       |   |               | -        |   |   |    | -      |          |   |   | -           |    |   |                | -       |   |   |   | - |   |
| Net      investment gains (losses)       |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| arising      during the period           |   |               | 1,322.3  |   |   |    | -      |          |   |   | -           |    |   |                | -       |   |   |   | 1,322.3 |   |
| Reclassification      adjustment for     |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| OTTI      (losses) included in           |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| Net      earnings                        |   |               | 60.6     |   |   |    | -      |          |   |   | -           |    |   |                | -       |   |   |   | 60.6 |   |
| Reclassification      adjustment for     |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| OTTI      (losses) excluded from         |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| Net      earnings (1)               |   |               | -        |   |   |    | -      |          |   |   | -           |    |   |                | -       |   |   |   | - |   |
| Impact      of net unrealized investment |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| gains      (losses) on DAC               |   |               | -        |   |   | (305.6  | )      |          |   | -      |        |    |   | -                   |    |   |   | (305.6 | ) |
| Impact      of net unrealized investment |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| gains      (losses) on deferred income   |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| taxes                                    |   |               | -        |   |   |    | -      |          |   |   | -           |    |   | (370.8              | )       |   |   | (370.8 | ) |
| Impact      of net unrealized investment |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| gains      (losses) on Policyholders     |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| liabilities                              |   |               | -        |   |   |    | -      |          |   |   | (17.8       | )       |   |                | -       |   |   |   | (17.8 | ) |
| Balance,      September 30, 2009         |   | $                  | (12.9    | )      |   | $  | (20.4  | )             |   | $      | (17.8       | )       |   | $                   | 19.0    |   |   | $ | (32.1 | ) |
|                                     |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| Balance,      January 1, 2009            |   | $                  | (2,384.9 | )      |   | $       | 553.6  |          |   | $      | -           |    |   | $                   | 642.1   |   |   | $ | (1,189.2 | ) |
| Cumulative      impact of implementing   |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| new      guidance on April 1, 2009       |   |               | (72.8    | )      |   |    | 14.5   |          |   |   | -           |    |   |                | 20.4    |   |   |   | (37.9 | ) |
| Net      investment gains (losses)       |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| arising      during the period           |   |               | 2,451.5  |   |   |    | -      |          |   |   | -           |    |   |                | -       |   |   |   | 2,451.5 |   |
| Reclassification      adjustment for     |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| OTTI      (losses) included in           |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| Net      earnings                        |   |               | (9.5     | )      |   |    | -      |          |   |   | -           |    |   |                | -       |   |   |   | (9.5 | ) |
| Reclassification      adjustment for     |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| OTTI      (losses) excluded from         |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| Net      earnings (1)               |   |               | 2.8      |   |   |    | -      |          |   |   | -           |    |   |                | -       |   |   |   | 2.8 |   |
| Impact      of net unrealized investment |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| gains      (losses) on DAC               |   |               | -        |   |   | (588.5  | )      |          |   | -      |        |    |   | -                   |    |   |   | (588.5 | )  |
| Impact      of net unrealized investment |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| gains      (losses) on deferred income   |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| taxes                                    |   |               | -        |   |   |    | -      |          |   |   | -           |    |   | (643.5              | )  |   |   | (643.5 | )  |
| Impact      of net unrealized investment |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| gains      (losses) on Policyholders     |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |
| liabilities                              |   |               | -        |   |   |    | -      |          |   |   | (17.8       | )  |   |                | -       |   |   |   | (17.8 | )  |
| Balance,      September 30, 2009         |   | $                  | (12.9    | )      |   | $       | (20.4  | )        |   | $      | (17.8       | )  |   | $                   | 19.0    |   |   | $ | (32.1 | ) |
|                                     |   |               |     |   |   |    |   |          |   |   |        |    |   |                |    |   |   |   |   |   |

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

----

|                                                                                                                                                                              |   | September      30, 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                             |   | $                            | 1,042.2 |   |   | $ | (113.1 | ) |   | $ | 2,384.3 |   |   | $ | (177.8 | ) |   | $ | 3,426.5 |   |   | $ | (290.9 | ) |
| U.S.      Treasury,                                                                                                                                                               |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| government      and                                                                                                                                                               |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| agency                                          |   |                         | 1,180.3 |   |   |   | (61.9 | ) |   |   | - |   |   |   | - |   |   |   | 1,180.3 |   |   |   | (61.9 | ) |
| States      and political                                                                                                                                                         |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| subdivisions                                    |   |                         | -       |   |   |   | - |   |   |   | 25.6 |   |   |   | (1.8 | ) |   |   | 25.6 |   |   |   | (1.8 | ) |
| Foreign      governments                                                                                                                                                          |   |                         | 4.1     |   |   |   | - |   |   |   | 1.0 |   |   |   | - |   |   |   | 5.1 |   |   |   | - |   |
| Commercial      mortgage-backed                                                                                                                                                   |   |                         | 303.1   |   |   |   | (219.8 | ) |   |   | 1,183.4 |   |   |   | (270.8 | ) |   |   | 1,486.5 |   |   |   | (490.6 | ) |
| Residential      mortgage-backed                                                                                                                                                  |   |                         | 280.6   |   |   |   | (1.9 | ) |   |   | - |   |   |   | - |   |   |   | 280.6 |   |   |   | (1.9 | ) |
| Asset-backed                                                                                                                                                                      |   |                         | 87.1    |   |   |   | (14.1 | ) |   |   | 53.4 |   |   |   | (13.8 | ) |   |   | 140.5 |   |   |   | (27.9 | ) |
| Redeemable                                                                                                                                                                        |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| preferred      stock                            |   |                         | 275.8   |   |   |   | (112.6 | ) |   |   | 1,014.8 |   |   |   | (179.3 | ) |   |   | 1,290.6 |   |   |   | (291.9 | ) |
|                                                                                                                                                                              |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                                                                                                                             |   | $                            | 3,173.2 |   |   | $ | (523.4 | ) |   | $ | 4,662.5 |   |   | $ | (643.5 | ) |   | $ | 7,835.7 |   |   | $ | (1,166.9 | ) |

|   | (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 accounting guidance on April 1,2009. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                              |   | December      31, 2008   |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|---------|
|                                                                                                                                                                              |   | 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                             |   | $                        | 8,475.3 |   |   | $ | (985.0 | ) |   | $ | 3,489.6 |   |   | $ | (728.9 | ) |   | $ | 11,964.9 |   |   | $ | (1,713.9 | ) |
| U.S.      Treasury,                                                                                                                                                               |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| government      and                                                                                                                                                               |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| agency                                          |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| States      and political                                                                                                                                                         |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| subdivisions                                    |   |                     | 52.2    |   |   |   | (6.6 | ) |   |   | 17.7 |   |   |   | (2.5 | ) |   |   | 69.9 |   |   |   | (9.1 | ) |
| Foreign      governments                                                                                                                                                          |   |                     | 70.0    |   |   |   | (5.6 | ) |   |   | - |   |   |   | - |   |   |   | 70.0 |   |   |   | (5.6 | ) |
| Commercial      mortgage-                                                                                                                                                         |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| backed                                               |   |                     | 308.7   |   |   |   | (19.4 | ) |   |   | 1,342.5 |   |   |   | (525.4 | ) |   |   | 1,651.2 |   |   |   | (544.8 | ) |
| Residential      mortgage-                                                                                                                                                        |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| backed                                               |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Asset-backed                                                                                                                                                                      |   |                     | 71.2    |   |   |   | (6.7 | ) |   |   | 67.2 |   |   |   | (28.5 | ) |   |   | 138.4 |   |   |   | (35.2 | ) |
| Redeemable                                                                                                                                                                        |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| preferred      stock                            |   |                     | 510.0   |   |   |   | (343.5 | ) |   |   | 521.8 |   |   |   | (366.6 | ) |   |   | 1,031.8 |   |   |   | (710.1 | ) |
|                                                                                                                                                                              |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                                                                                                                             |   | $                        | 9,487.4 |   |   | $ | (1,366.8 | ) |   | $ | 5,438.8 |   |   | $ | (1,651.9 | ) |   | $ | 14,926.2 |   |   | $ | (3,018.7 | ) |

----

----

----

|                                                                                                                                                                                                                                     |   |                       |     |   |                 |   |    |              |   |   | Gains      (Losses) Reported |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|----------|--------|----------------------|--------|---------|-------------------|--------|--------|------------------------------|--------|
|                                                                                                                                                                                                                                     |   | At      September 30, 2009 |     |   | In      Net Earnings |   |
|                                                                                                                                                                                                                                     |   |                       |     |   | Fair      Value      |   |    | Three      Months |   |   | Nine      Months             |   |
|                                                                                                                                                                                                                                     |   | Notional                   |     |   | Asset                |   |    | Liability         |   |   | Ended                        |   |   | Ended |   |
|                                                                                                                                                                                                                                     |   | Amount                     |     |   | Derivatives          |   |    | Derivatives       |   |   | September      30            |   |   | September      30 |   |
|                                                                                                                                                                                                                                     |   | (In      Millions)         |     |
| Freestanding      derivatives:                                                                                                                                                                                                           |   |                       |     |   |                 |   |    |              |   |   |                         |   |   |   |   |
| Equity      contracts (1):                                                                                                                                                                                                          |   |                       |     |   |                 |   |    |              |   |   |                         |   |   |   |   |
| Futures                                                        |   | $                          | 3,717.3  |   |                 | $      | -       |              |   | $      | -                            |   |   | $ | (607.2 | ) |   | $ | (939.1 | ) |
| Swaps                                                          |   |                       | 746.6    |   |                 |   | -       |              |   |   | 56.5                         |   |   |   | (130.2 | ) |   |   | (247.8 | ) |
| Options                                                        |   |                       | 10,650.0 |   |                 |   | 764.9   |              |   |   | 919.6                        |   |   |   | (256.1 | ) |   |   | (707.1 | ) |
|                                                                                                                                                                                                                                     |   |                       |     |   |                 |   |    |              |   |   |                         |   |   |   |   |   |   |   |   |   |
| Interest      rate contracts (1):                                                                                                                                                                                                   |   |                       |     |   |                 |   |    |              |   |   |                         |   |   |   |   |   |   |   |   |   |
| Floors                                                         |   |                       | 21,000.0 |   |                 |   | 355.1   |              |   |   | -                            |   |   |   | 61.8 |   |   |   | (105.0 | ) |
| Swaps                                                          |   |                       | 2,000.0  |   |                 |   | 151.1   |              |   |   | -                            |   |   |   | 56.6 |   |   |   | (85.9 | ) |
| Futures                                                        |   |                       | 1,200.0  |   |                 |   | 71.7    |              |   |   | -                            |   |   |   | 10.3 |   |   |   | 10.2 |   |
| Swaptions                                                      |   |                       | 5,197.4  |   |                 |   | -       |              |   |   | -                            |   |   |   | 124.8 |   |   |   | (419.1 | ) |
|                                                                                                                                                                                                                                     |   |                       |     |   |                 |   |    |              |   |   |                         |   |   |   |   |   |   |   |   |   |
| Other      freestanding contracts (2):                                                                                                                                                                                                   |   |                       | -        |   |                 |   | -       |              |   |   | -                            |   |   |   | - |   |   |   | - |   |
|                                                                                                                                                                                                                                     |   |                       |     |   |                 |   |    |              |   |   |                         |   |   |   |   |   |   |   |   |   |
| Net      Investment Income                                                                                                                                                                                                               |   |                       |     |   |                 |   |    |              |   |   |                         |   |   |   | (740.0 | ) |   |   | (2,493.8 | ) |
|                                                                                                                                                                                                                                     |   |                       |     |   |                 |   |    |              |   |   |                         |   |   |   |   |   |   |   |   |   |
| Embedded      derivatives:                                                                                                                                                                                                               |   |                       |     |   |                 |   |    |              |   |   |                         |   |   |   |   |   |   |   |   |   |
| GMIB      reinsurance contracts(2)                                                                                                                                                                                                       |   |                       | -        |   |                 |   | 2,781.8 |              |   |   | -                            |   |   |   | 96.0 |   |   |   | (2,039.8 | ) |
|                                                                                                                                                                                                                                     |   |                       |     |   |                 |   |    |              |   |   |                         |   |   |   |   |   |   |   |   |   |
| GWBL      features (3)                                    |   |                       | -        |   |                 |   | -       |              |   |   | 110.1                        |   |   |   | 13.3 |   |   |   | 162.5 |   |
|                                                                                                                                                                                                                                     |   |                       |     |   |                 |   |    |              |   |   |                         |   |   |   |   |   |   |   |   |   |
| Total                                                |   | $                          | 44,511.3 |   |                 | $      | 4,124.6 |              |   | $      | 1,086.2                      |   |   | $ | (630.7 | ) |   | $ | (4,371.1 | ) |

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

----

|   | September      30, |   | December      31, |
|--------|--------------------|--------|-------------------|
|   | 2009               |   | 2008              |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | (In      Millions) |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |    |   |   |   |
| CLOSED      BLOCK LIABILITIES:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               |    |   |   |   |
| Future      policy benefits, policyholders’ account balances and other                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $                  | 8,452.9 |   |   | $ | 8,544.8 |   |
| Other      liabilities                                                                                                    |   |               | 115.0   |   |   |   | 71.3 |   |
| Total      Closed Block      liabilities                                                                                  |   |               | 8,567.9 |   |   |   | 8,616.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |    |   |   |   |   |   |
| ASSETS      DESIGNATED TO THE CLOSED BLOCK:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |    |   |   |   |   |   |
| Fixed      maturities, available for sale, at fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |    |   |   |   |   |   |
| (amortized      cost of $5,587.0 and      $5,517.6)                                                                                 |   |               | 5,651.2 |   |   |   | 5,041.5 |   |
| Mortgage      loans on real      estate                                                                                   |   |               | 1,072.3 |   |   |   | 1,107.1 |   |
| Policy      loans                                                                                                         |   |               | 1,163.8 |   |   |   | 1,180.3 |   |
| Cash      and other invested assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | 77.7    |   |   |   | 104.2 |   |
| Other      assets                                                                                                                                                                                                                                                          |   |               | 264.9   |   |   |   | 472.4 |   |
| Total      assets designated to the Closed Block                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               | 8,229.9 |   |   |   | 7,905.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |    |   |   |   |   |   |
| Excess      of Closed Block liabilities over assets designated to                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |    |   |   |   |   |   |
| the      Closed      Block                                                                                                          |   |               | 338.0   |   |   |   | 710.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |    |   |   |   |   |   |
| Amounts      included in accumulated other comprehensive income (loss):                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |    |   |   |   |   |   |
| Net      unrealized investment gains, (losses) net of deferred    income                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |    |   |   |   |   |   |
| tax      (expense) benefit of $(20.0) and $166.4 and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               | 37.2    |   |   |   | (309.2 | ) |
| policyholder      dividend obligation of $17.9 and $0                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |    |   |   |   |   |   |
| Maximum      Future Earnings To Be Recognized From Closed Block                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |    |   |   |   |   |   |
| Assets      and      Liabilities                                                                                                                                                                                                                                                                    |   | $                  | 375.2   |   |   | $ | 401.4 |   |

----

|   | Three      Months Ended |   | Nine      Months Ended |   |
|--------|-------------------------|--------|------------------------|--------|
|   | September      30,      |   | September      30,     |   |
|   | 2009                    |   | 2008                   |   | 2009 |   | 2008 |   |
|   | (In      Millions)      |   |

|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| REVENUES:                                                                                                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Premiums      and other      income                                                   |   | $      | 88.6   |   |   | $      | 92.1 |   |   | $ | 284.4 |   |   | $ | 293.0 |   |
| Investment      income (net of investment                                                                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| expenses      of $0, $0.2, $0 and $1.0)                                                                                                                                                                                                                                                                                          |   |   | 119.8  |   |   |   | 123.3 |   |   |   | 362.6 |   |   |   | 373.7 |   |
| Investment      gains (losses), net:                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      other-than-temporary impairment losses                                                                                                                                                                                                                                                                                |   |   | (5.7   | )      |   |   | (41.1 | ) |   |   | (7.8 | ) |   |   | (45.3 | ) |
| Portion      of loss recognized in other                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| comprehensive      income                                                             |   |   | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Net      impairment losses recognized                                                                                                                                                                                                                                                                                            |   |   | (5.7   | )      |   |   | (41.1 | ) |   |   | (7.8 | ) |   |   | (45.3 | ) |
| Other      investment (losses) gains, net                                                                                                                                                                                                                                                                                        |   |   | (2.3   | )      |   |   | .1 |   |   |   | 9.1 |   |   |   | (.4 | ) |
| Total      investment (losses) gains, net                                                                                                                                                                                                                                                                                        |   |   | (8.0   | )      |   |   | (41.0 | ) |   |   | 1.3 |   |   |   | (45.7 | ) |
| Total      revenues                                                                                                                                                                                                                                                                                                              |   |   | 200.4  |   |   |   | 174.4 |   |   |   | 648.3 |   |   |   | 621.0 |   |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| BENEFITS      AND                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OTHER      DEDUCTIONS:                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Policyholders’      benefits and dividends                                                                                                                                                                                                                                                                                 |   |   | 192.1  |   |   |   | 199.6 |   |   |   | 606.3 |   |   |   | 612.1 |   |
| Other      operating costs and expenses                                                                                                                                                                                                                                                                                          |   |   | .4     |   |   |   | .5 |   |   |   | 1.7 |   |   |   | 2.1 |   |
| Total      benefits and other deductions                                                                                                                                                                                                                                                                                         |   |   | 192.5  |   |   |   | 200.1 |   |   |   | 608.0 |   |   |   | 614.2 |   |
| Net      revenues (losses) before                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| income      taxes                                                                               |   |   | 7.9    |   |   |   | (25.7 | ) |   |   | 40.3 |   |   |   | 6.8 |   |
| Income      tax (expense)      benefit                                                |   |   | (2.8   | )      |   |   | 9.0 |   |   |   | (14.1 | ) |   |   | (2.4 | ) |
| Net      Revenues      (Losses)                                                       |   | $      | 5.1    |   |   | $      | (16.7 | ) |   | $ | 26.2 |   |   | $ | 4.4 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | Nine      Months Ended   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  September      30, |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 2009                     |   |   | 2008 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | (In      Millions)       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                     |   |   |   |   |
| Balances,      beginning of      year                                                                                     | $                        | -      |   |   | $ | - |   |
| Unrealized      investment      gains                                                                                     |                     | 17.9   |   |   |   | - |   |
| Balances,      End of      Period                                                                                         | $                        | 17.9   |   |   | $ | - |   |

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

----

|   | Three      Months Ended |   | Nine      Months Ended |   |
|--------|-------------------------|--------|------------------------|--------|
|   | September      30,      |   | September      30,     |   |
|   | 2009                    |   | 2008                   |   | 2009 |   | 2008 |   |
|   | (In      Millions)      |   |

|                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| (Losses)      Earnings from Discontinued Operations,      Net of Income Taxes:                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Wind-up      Annuities                                                                    |   | $      | (4.5   | )      |   | $      | -      |   |   | $      | (8.3   | )      |   | $ | - |   |
| Real      estate      held-for-sale                                                       |   |   | -      |   |   |   | 5.0    |   |   |   | 12.4   |   |   |   | 16.0 |   |
| Total                                                                                     |   | $      | (4.5   | )      |   | $      | 5.0    |   |   | $      | 4.1    |   |   | $ | 16.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain      on Disposal of Discontinued Operations,      Net of Income Taxes:                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real      estate      held-for-sale                                                       |   | $      | -      |   |   | $      | -      |   |   | $      | -      |   |   | $ | 6.3 |   |
| Total                                                                                                                                                                                                                                                                                                                                                                   |   | $      | -      |   |   | $      | -      |   |   | $      | -      |   |   | $ | 6.3 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |  September      30, |   |   |  December      31, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|--------|--------|-------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |  2009               |   |   |  2008              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |  (In      Millions) |   |
|  BALANCE      SHEETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                     |   |   |                    |   |   |   |
|  Fixed      maturities, available for sale, at fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                     |   |   |                    |   |   |   |
| (amortized      cost of $497.5 and $661.8)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $                        | 510.8  |   |                    | $      | 602.1 |   |
| Equity      real      estate                                                                                           |   |                     | 88.0   |   |                    |   | 162.2 |   |
| Mortgage      loans on real      estate                                                                                |   |                     | 151.1  |   |                    |   | 1.2 |   |
| Other      invested      assets                                                                                        |   |                     | 1.3    |   |                    |   | 1.3 |   |
| Total      investments                                                                                                           |   |                     | 751.2  |   |                    |   | 766.8 |   |
| Cash      and cash      equivalents                                                                                    |   |                     | -      |   |                    |   | - |   |
| Other      assets                                                                                                      |   |                     | 145.8  |   |                    |   | 77.1 |   |
| Total      Assets                                                                                                      |   | $                        | 897.0  |   |                    | $      | 843.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                     |   |   |                    |   |   |   |
| Policyholders      liabilities                                                                                         |   | $                        | 709.9  |   |                    | $      | 723.4 |   |
| Other      liabilities                                                                                                 |   |                     | 187.1  |   |                    |   | 120.5 |   |
| Total      Liabilities                                                                                                 |   | $                        | 897.0  |   |                    | $      | 843.9 |   |

----

|   | Three      Months Ended |   | Nine      Months Ended |   |
|--------|-------------------------|--------|------------------------|--------|
|   | September      30,      |   | September      30,     |   |
|   | 2009                    |   | 2008                   |   | 2009 |   | 2008 |   |
|   | (In      Millions)      |   |

|                                                                                                                                                                                                                                                                                                                                          |   |   |       |   |   |   |       |   |   |   |       |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|--------|--------|------------|--------|
| STATEMENTS      OF EARNINGS                                                                                                                                                                                                                                                                                                                   |   |   |       |   |   |   |       |   |   |   |       |   |
| Investment      income (net of investment                                                                                                                                                                                                                                                                                                     |   |   |       |   |   |   |       |   |   |   |       |   |
| expenses      of $0.6, $5.1, $9.8 and $14.4)                                                                                                                                                                                                                                                                                                  |   | $      | 15.0  |   |   | $      |  17.3 |   |   | $      |  46.0 |   |   | $ |  48.7 |   |
| Investment      (losses) gains, net:                                                                                                                                                                                                                                                                                                          |   |   |       |   |   |   |       |   |   |   |       |   |   |   |   |   |
| Total      other-than-temporary impairment losses                                                                                                                                                                                                                                                                                             |   |   | (3.1       | )      |   |   | (5.2       | )      |   |   | (5.1       | )      |   |   | (5.2 | ) |
| Portion      of loss recognized in other                                                                                                                                                                                                                                                                                                      |   |   |       |   |   |   |       |   |   |   |       |   |   |   |   |   |
| comprehensive      income                                                                                         |   |   | -          |   |   |   | -          |   |   |   | -          |   |   |   | - |   |
| Net      impairment losses recognized                                                                                                                                                                                                                                                                                                         |   |   | (3.1       | )      |   |   | (5.2       | )      |   |   | (5.1       | )      |   |   | (5.2 | ) |
| Other      investment gains (losses), net                                                                                                                                                                                                                                                                                                     |   |   | (2.6       | )      |   |   | -          |   |   |   | (2.1       | )      |   |   | .8 |   |
| Total      investment (losses)      net                                                            |   |   | (5.7       | )      |   |   | (5.2       | )      |   |   | (7.2       | )      |   |   | (4.4 | ) |
| Total      revenues                                                                      |   |   | 9.3        |   |   |   | 12.1       |   |   |   | 38.8       |   |   |   | 44.3 |   |
|                                                                                                                                                                                                                                                                                                                                          |   |   |       |   |   |   |       |   |   |   |       |   |   |   |   |   |
| Benefits      and other      deductions                                                  |   |   | 18.1       |   |   |   | 19.4       |   |   |   | 53.4       |   |   |   | 57.1 |   |
| Losses      charged to the                                                                                                                                                                                                                                                                                                                    |   |   |       |   |   |   |       |   |   |   |       |   |   |   |   |   |
| allowance      for future      losses                                                              |   |   | -          |   |   |   | (7.3       | )      |   |   | -          |   |   |   | (12.8 | ) |
| Pre-tax      earnings from operations                                                                                                                                                                                                                                                                                                         |   |   | (8.8       | )      |   |   | -          |   |   |   | (14.6      | )      |   |   | - |   |
| Income      tax      benefit                                                             |   |   | 4.3        |   |   |   | -          |   |   |   | 6.3        |   |   |   | - |   |
| Loss      from Wind-up      Annuities                                                    |   | $      | (4.5       | )      |   | $      | -          |   |   | $      | (8.3       | )      |   | $ | - |   |

----

| 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 an annual reset;  or |
|--------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

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

|                                                                                                                                                                                                                                                                                                                                                                                                                        |   | GMDB               |    |   | GMIB   |   |    | Total  |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (In      Millions) |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |    |   |   |   |    |   |   |
| Balance      at January 1,      2009                                                                  |   | $                  | 980.9   |   |   | $      | 1,979.9 |   |   | $ | 2,960.8 |   |
| Paid      guarantee      benefits                                                                               |   |               | (196.5  | )      |   |   | (45.9   | )      |   |   | (242.4 | ) |
| Other      changes in      reserve                                                                              |   |               | 258.7   |   |   |   | (135.2  | )      |   |   | 123.5 |   |
| Balance      at September 30,      2009                                                               |   | $                  | 1,043.1 |   |   | $      | 1,798.8 |   |   | $ | 2,841.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |    |   |   |   |    |   |   |   |   |   |
| Balance      at January 1,      2008                                                                  |   | $                  | 253.0   |   |   | $      | 309.9   |   |   | $ | 562.9 |   |
| Paid      guarantee      benefits                                                                               |   |               | (61.8   | )      |   |   | (3.7    | )      |   |   | (65.5 | ) |
| Other      changes in      reserve                                                                              |   |               | 145.6   |   |   |   | 107.0   |   |   |   | 252.6 |   |
| Balance      at September 30,      2008                                                               |   | $                  | 336.8   |   |   | $      | 413.2   |   |   | $ | 750.0 |   |

|                                                                                                                                                                                                                                                                                                                                                                                   | Nine      Months Ended |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                   | September      30,     |   |
|                                                                                                                                                                                                                                                                                                                                                                                   |                   | 2009   |   |   | 2008 |   |
|                                                                                                                                                                                                                                                                                                                                                                                   | (In      Millions)     |   |
|                                                                                                                                                                                                                                                                                                                                                                                   |                   |   |   |   |   |   |
| Balance      at beginning of      year                                                         |                   | $      | 327.3 |   |   | $ | 27.5 |   |
| Paid      guarantee      benefits                                                                        |                   |   | (69.1 | ) |   |   | (11.7 | ) |
| Other      changes in      reserve                                                                       |                   |   | 116.8 |   |   |   | 18.2 |   |
| Balance      at End of      Period                                                             |                   | $      | 375.0 |   |   | $ | 34.0 |   |

----

|                                 |   |                       | ReturnOfPremium |   |   |   | Ratchet |   |   |   | Roll-Up |   |   |   | Combo  |   |   |   | Total  |   |
|--------------------------------------|--------|----------------------------|-----------------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                 |   | (Dollars      In Millions) |            |
|                                 |   |                       |            |
| GMDB:                                |   |                       |            |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Account      values invested in:     |   |                       |            |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| General      Account       |   | $                          | 11,046          |   |   | $      | 288     |   |   | $      | 362     |   |   | $      | 611    |   |   | $      | 12,307 |   |
| Separate      Accounts               |   | $                          | 24,111          |   |   | $      | 6,710   |   |   | $      | 4,759   |   |   | $      | 30,721 |   |   | $      | 66,301 |   |
| Net      amount at risk, gross  |   | $                          | 2,965           |   |   | $      | 1,935   |   |   | $      | 3,025   |   |   | $      | 10,797 |   |   | $      | 18,722 |   |

| Net      amount at risk, net of amounts reinsured                                                                                                                                                                                                              |   | $      | 2,965  |   |   | $      | 1,236  |   |   | $      | 2,010      |   |   | $      | 4,537        |   |   | $      | 10,748       |    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|------------|--------|--------|--------|--------------|--------|--------|--------|--------------|---------|
| Average      attained age of                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |       |   |   |   |         |   |   |   |         |    |
| contractholders                                                                                                                                                      |   |   | 49.6   |   |   |   | 62.2   |   |   |   | 66.4       |   |   |   | 62.3         |   |   |   | 53.4         |    |
| Percentage      of contractholders                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |       |   |   |   |         |   |   |   |         |    |
| over      age      70                                                                                                             |   |   | 7.4    | %      |   |   | 24.6   | %      |   |   | 41.1       | %      |   |   | 23.2         | %      |   |   | 12.8         |    |
| 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    |   |   | $      | 37         |   |   | $      | 876          |   |   | $      | 913          |    |
| Separate      Accounts                                                                                                                                                                                                                |   |   | N/A    |   |   |   | N/A    |   |   | $      | 2,807      |   |   | $      | 41,903       |   |   | $      | 44,710       |    |
| Net      amount at risk, gross                                                                                                                                                                                                                                 |   |   | N/A    |   |   |   | N/A    |   |   | $      | 1,461      |   |   | $      | 1,701        |   |   | $      | 3,162        |    |
| Net      amount at risk, net of                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |       |   |   |   |         |   |   |   |         |    |
| amounts      reinsured                                                                                                                                                                   |   |   | N/A    |   |   |   | N/A    |   |   | $      | 427        |   |   | $      | 630          |   |   | $      | 1,057        |    |
| Weighted      average years                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |       |   |   |   |         |   |   |   |         |    |
| remaining      until annuitization                                                                                                                                                                                                                             |   |   | N/A    |   |   |   | N/A    |   |   |   | 1.2        |   |   |   | 7.6          |   |   |   | 6.6          |    |
| Range      of contractually specified                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |       |   |   |   |         |   |   |   |         |    |
| interest      rates                                                                                                                                                                                                                                       |   |   | N/A    |   |   |   | N/A    |   |   |   | 3%-      6 | %      |   |   | 3%-      6.5 | %      |   |   | 3%-      6.5 | %  |

----

| Investment      in Variable Insurance Trust Mutual Funds                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | September      30, |   | December      31, |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2009 |   | 2008 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |
| GMDB:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |
| Equity                                                                                                 |   | $ | 40,225 |   |   | $ | 30,428 |   |
| Fixed      income                                                                                      |   |   | 4,017 |   |   |   | 3,745 |   |
| Balanced                                                                                               |   |   | 20,494 |   |   |   | 17,469 |   |
| Other                                                                                                  |   |   | 1,565 |   |   |   | 2,410 |   |
| Total                                                                                                  |   | $ | 66,301 |   |   | $ | 54,052 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| GMIB:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Equity                                                                                                 |   | $ | 26,374 |   |   | $ | 19,138 |   |
| Fixed      income                                                                                      |   |   | 2,550 |   |   |   | 2,219 |   |
| Balanced                                                                                               |   |   | 15,094 |   |   |   | 12,887 |   |
| Other                                                                                                  |   |   | 692 |   |   |   | 1,272 |   |
| Total                                                                                                  |   | $ | 44,710 |   |   | $ | 35,516 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Direct             |   |   | Reinsurance |   |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|-------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Liability          |   |   | Ceded       |   |   | Net    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |   |   |        |   |   |   |   |
| Balance      at January 1,      2009                                                                  |   | $                  | 203.0  |   |        | $      | (152.6 | )      |   | $ | 50.4 |   |
| Other      changes in      reserves                                                                                  |   |               | 32.0   |   |        |   | (9.0   | )      |   |   | 23.0 |   |
| Balance      at September 30,      2009                                                               |   | $                  | 235.0  |   |        | $      | (161.6 | )      |   | $ | 73.4 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |   |   |        |   |   |   |   |   |   |   |
| Balance      at January 1,      2008                                                                  |   | $                  | 135.0  |   |        | $      | (107.6 | )      |   | $ | 27.4 |   |
| Other      changes in      reserves                                                                                  |   |               | 63.0   |   |        |   | (43.0  | )      |   |   | 20.0 |   |
| Balance      at September 30,      2008                                                               |   | $                  | 198.0  |   |        | $      | (150.6 | )      |   | $ | 47.4 |   |

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

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

----

|                                       |   | Level      1       |     |   | Level      2 |   |     | Level      3 |   |   | Total   |   |
|--------------------------------------------|--------|--------------------|----------|--------|--------------|--------|----------|--------------|--------|--------|---------|--------|
|                                       |   | (In      Millions) |     |
| Assets                                     |   |               |     |   |         |   |     |         |   |   |    |   |
| Investments:                               |   |               |     |   |         |   |     |         |   |   |    |   |
| Fixed      maturities available for sale   |   |               |     |   |         |   |     |         |   |   |    |   |
| Corporate                                  |   | $                  | -        |   |         | $      | 19,255.0 |         |   | $      | 500.1   |   |   | $ | 19,755.1 |   |
| U.S.      Treasury, government and         |   |               |     |   |         |   |     |         |   |   |    |   |   |   |   |   |
| agency                                     |   |               | -        |   |         |   | 1,483.6  |         |   |   | -       |   |   |   | 1,483.6 |   |
| States      and political subdivisions     |   |               | -        |   |         |   | 171.5    |         |   |   | 89.5    |   |   |   | 261.0 |   |
| Foreign      governments                   |   |               | -        |   |         |   | 235.0    |         |   |   | 48.0    |   |   |   | 283.0 |   |
| Commercial      mortgage-backed(1)         |   |               | -        |   |         |   | 26.4     |         |   |   | 1,589.6 |   |   |   | 1,616.0 |   |
| Residential      mortgage-backed(1)        |   |               | -        |   |         |   | 1,921.1  |         |   |   | -       |   |   |   | 1,921.1 |   |
| Asset-backed(2)                       |   |               | -        |   |         |   | 204.7    |         |   |   | 228.8   |   |   |   | 433.5 |   |
| Redeemable      preferred stock            |   |               | 194.5    |   |         |   | 1,246.4  |         |   |   | 18.9    |   |   |   | 1,459.8 |   |
| Subtotal                                   |   |               | 194.5    |   |         |   | 24,543.7 |         |   |   | 2,474.9 |   |   |   | 27,213.1 |   |
| Equity      securities, available for sale |   |               | -        |   |         |   | -        |         |   |   | -       |   |   |   | - |   |
| Other      equity investments              |   |               | 94.0     |   |         |   | -        |         |   |   | 1.0     |   |   |   | 95.0 |   |
| Trading      securities                    |   |               | 524.2    |   |         |   | -        |         |   |   | -       |   |   |   | 524.2 |   |
| Other      invested assets                 |   |               | -        |   |         |   | (135.1   | )            |   |   | 426.8   |   |   |   | 291.7 |   |
| Loans      to affiliates                   |   |               | -        |   |         |   | 650.0    |         |   |   | -       |   |   |   | 650.0 |   |
| Cash      equivalents                      |   |               | 1,598.7  |   |         |   | -        |         |   |   | -       |   |   |   | 1,598.7 |   |
| Segregated      securities                 |   |               | -        |   |         |   | 1,274.3  |         |   |   | -       |   |   |   | 1,274.3 |   |
| GMIB      reinsurance contracts            |   |               | -        |   |         |   | -        |         |   |   | 2,781.8 |   |   |   | 2,781.8 |   |
| Separate      Accounts’ assets       |   |               | 79,602.7 |   |         |   | 1,672.4  |         |   |   | 241.1   |   |   |   | 81,516.2 |   |
| Total      Assets                          |   | $                  | 82,014.1 |   |         | $      | 28,005.3 |         |   | $      | 5,925.6 |   |   | $ | 115,945.0 |   |
|                                       |   |               |     |   |         |   |     |         |   |   |    |   |   |   |   |   |
| Liabilities                                |   |               |     |   |         |   |     |         |   |   |    |   |   |   |   |   |
| GWBL      features’ liability        |   | $                  | -        |   |         | $      | -        |         |   | $      | 110.1   |   |   | $ | 110.1 |   |
| Total      Liabilities                     |   | $                  | -        |   |         | $      | -        |         |   | $      | 110.1   |   |   | $ | 110.1 |   |

| (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 |   |
|------------------------------------------|--------|--------------------|----------|--------|--------------------|--------|----------|--------------------|--------|--------|-------------|--------|
| Assets                                   |   | (In      Millions) |     |
| Investments:                             |   |               |     |   |               |   |     |               |   |   |        |   |
| Fixed      maturities available for sale |   | $                  | 149.9    |   |               | $      | 21,256.7 |               |   | $      | 2,424.4     |   |   | $ | 23,831.0 |   |
| Other      equity investments            |   |               | 63.4     |   |               |   | -        |               |   |   | 2.0         |   |   |   | 65.4 |   |
| Trading      securities                  |   |               | 322.6    |   |               |   | -        |               |   |   | .1          |   |   |   | 322.7 |   |
| Other      invested assets               |   |               | 31.1     |   |               |   | 419.0    |               |   |   | 547.0       |   |   |   | 997.1 |   |
| Loans      to affiliates                 |   |               | -        |   |               |   | 588.3    |               |   |   | -           |   |   |   | 588.3 |   |
| Cash      equivalents                    |   |               | 1,832.3  |   |               |   | -        |               |   |   | -           |   |   |   | 1,832.3 |   |
| Segregated      securities               |   |               | -        |   |               |   | 2,572.6  |               |   |   | -           |   |   |   | 2,572.6 |   |
| GMIB      reinsurance contracts          |   |               | -        |   |               |   | -        |               |   |   | 4,821.7     |   |   |   | 4,821.7 |   |
| Separate      Accounts’ assets     |   |               | 66,044.4 |   |               |   | 1,248.3  |               |   |   | 334.3       |   |   |   | 67,627.0 |   |
| Total      Assets                        |   | $                  | 68,443.7 |   |               | $      | 26,084.9 |               |   | $      | 8,129.5     |   |   | $ | 102,658.1 |   |
|                                     |   |               |     |   |               |   |     |               |   |   |        |   |   |   |   |   |
| Liabilities                              |   |               |     |   |               |   |     |               |   |   |        |   |   |   |   |   |
| GWBL      features’ liability      |   | $                  | -        |   |               | $      | -        |               |   | $      | 272.6       |   |   | $ | 272.6 |   |
| Total      Liabilities                   |   | $                  | -        |   |               | $      | -        |               |   | $      | 272.6       |   |   | $ | 272.6 |   |

----

----

----

|   | The      table below presents a reconciliation for all Level 3 assets for third      quarter and the first nine months of 2009 and  2008: |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------|

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

|  (1) |  Includes      Trading securities’ Level 3 amount                                                   |
|-----------|----------------------------------------------------------------------------------------------------------------|
|  (2) |  Transfers      into/out of Level 3 classification are reflected at beginning-of-period      fair values. |

----

|                                                                                                                                                                                                                                |   |  Redeem-   |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|--------|--------|----------------------|--------|---------|----------------|--------|--------|-------------------|---------|--------|----------------|----------|--------|-----------------|--------|
|                                                                                                                                                                                                                                |   |  able      |   |   |  Other          |   |    |  Other    |   |   |  GMIB        |    |   |  Separate |     |   |  GWBL      |   |
|                                                                                                                                                                                                                                |   |  Preferred |   |   |  Equity         |   |    |  Invested |   |   |  Reinsurance |    |   |  Accounts |     |   |  Features  |   |
|                                                                                                                                                                                                                                |   |  Stock     |   |   |  Investments(1) |   |    |  Assets   |   |   |  Asset       |    |   |  Assets   |     |   |  Liability |   |
|                                                                                                                                                                                                                                |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |
| Discrete      third quarter:                                                                                                                                                                                                        |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |
| Balance,      July 1, 2009                                                                                                                                                                                                          |   | $               | 2.5    |   |                 | $      | 2.0     |           |   | $      | 433.1             |    |   | $              | 2,685.8  |   |            | $      | 261.8 |   |   | $ | 123.4 |   |
| Total      gains (losses),                                                                                                                                                                                                          |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| realized      and unrealized,                                                                                                                                                                                                       |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| included      in:                                                                                                                                                                                                                   |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| Earnings      as:                                                                                                                                                                                                                   |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| Net      investment income                                                                                                                                                                                                          |   |            | -      |   |                 |   | -       |           |   |   | (36.2             | )       |   |           | -        |   |            |   | - |   |   |   | - |   |
| Investment      gains                                                                                                                                                                                                               |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| (losses),      net                                                       |   |            | (38.7  | )      |                 |   | -       |           |   |   | -                 |    |   |           | -        |   |            |   | (23.9 | ) |   |   | - |   |
| (Decrease)      increase in thefair      value of the                                                                                                                                                                               |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| reinsurance      contracts                                                                                                                                                                                                          |   |            | -      |   |                 |   |  - |           |   |   |  -           |    |   |           | 64.3     |   |            |   |  - |   |   |   |  - |   |
| Policyholders’      benefits                                                                                                                                                                                                  |   |            | -      |   |                 |   | -       |           |   |   | -                 |    |   |           | -        |   |            |   | - |   |   |   | (16.8 | ) |
| Subtotal                                                                      |   |            | (38.7  | )      |                 |   | -       |           |   |   | (36.2             | )  |   |           | 64.3     |   |            |   | (23.9 | ) |   |   | (16.8 | ) |
| Other      comprehensive                                                                                                                                                                                                            |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| income                                                                   |   |            | 44.1   |   |                 |   | .2      |           |   |   | -                 |    |   |           | -        |   |            |   | - |   |   |   | - |   |
| Purchases/issuances                                                                                                                                                                                                            |   |            | -      |   |                 |   | -       |           |   |   | 29.9              |    |   |           | 31.7     |   |            |   | 4.5 |   |   |   | 3.5 |   |
| Sales/settlements                                    |   |            | -      |   |                 |   | (1.2    | )              |   |   | -                 |    |   |           | -        |   |            |   | (1.3 | ) |   |   | - |   |
| Transfers      into/out of                                                                                                                                                                                                          |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| Level      3(2)                                                                                                                                                                                                                     |   |            | 11.0   |   |                 |   | -       |           |   |   | -                 |    |   |           | -        |   |            |   | - |   |   |   | - |   |
| Balance,      Sept. 30, 2009                                                                                                                                                                                                        |   | $               | 18.9   |   |                 | $      | 1.0     |           |   | $      | 426.8             |    |   | $              | 2,781.8  |   |            | $      | 241.1 |   |   | $ | 110.1 |   |
|                                                                                                                                                                                                                                |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| First      nine months of 2009:                                                                                                                                                                                                     |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| Balance,      January 1, 2009                                                                                                                                                                                                       |   | $               | 2.5    |   |                 | $      | 2.1     |           |   | $      | 547.0             |    |   | $              | 4,821.7  |   |            | $      | 334.3 |   |   | $ | 272.6 |   |
| Total      gains (losses),                                                                                                                                                                                                          |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| realized      and unrealized,                                                                                                                                                                                                       |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| included      in:                                                                                                                                                                                                                   |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| Earnings      as:                                                                                                                                                                                                                   |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| Net      investment income                                                                                                                                                                                                          |   |            | -      |   |                 |   | -       |           |   |   | (199.2            | )       |   |           | -        |   |            |   | - |   |   |   | - |   |
| Investment      gains                                                                                                                                                                                                               |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| (losses),      net                                                       |   |            | (38.7  | )      |                 |   | -       |           |   |   | -                 |    |   |           | -        |   |            |   | (92.8 | ) |   |   | - |   |
| (Decrease)      increase in the         fair value of the                                                                                                                                                            |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| reinsurance      contracts                                                                                                                                                                                                          |   |            | -      |   |                 |   | -       |           |   |   | -                 |    |   |           | (2,169.6 | )      |            |   | - |   |   |   | - |   |
| Policyholders’      benefits                                                                                                                                                                                                  |   |            | -      |   |                 |   | -       |           |   |   | -                 |    |   |           | -        |   |            |   | - |   |   |   | (170.9 | ) |
| Subtotal                                                                      |   |            | (38.7  | )      |                 |   | -       |           |   |   | (199.2            | )       |   |           | (2,169.6 | )      |            |   | (92.8 | ) |   |   | (170.9 | ) |
| Other      comprehensive                                                                                                                                                                                                            |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| income                                                                   |   |            | 34.2   |   |                 |   | .1      |           |   |   | -                 |    |   |           | -        |   |            |   | - |   |   |   | - |   |
| Purchases/issuances                                                                                                                                                                                                                 |   |            | -      |   |                 |   | -       |           |   |   | 79.0              |    |   |           | 129.7    |   |            |   | 4.5 |   |   |   | 8.4 |   |
| Sales/settlements                                                                                                                                                                                                                   |   |            | -      |   |                 |   | (1.2    | )              |   |   | -                 |    |   |           | -        |   |            |   | (5.8 | ) |   |   | - |   |
| Transfers      into/out of                                                                                                                                                                                                          |   |            |   |   |                 |   |    |           |   |   |              |    |   |           |     |   |            |   |   |   |   |   |   |   |
| Level      3(2)                                                                                                                                                                                                                     |   |            | 20.9   |   |                 |   | -       |           |   |   | -                 |    |   |           | -        |   |            |   | .9 |   |   |   | - |   |
| Balance,      Sept. 30, 2009                                                                                                                                                                                                        |   | $               | 18.9   |   |                 | $      | 1.0     |           |   | $      | 426.8             |    |   | $              | 2,781.8  |   |            | $      | 241.1 |   |   | $ | 110.1 |   |

----

|                                                                                                                                                                                                                                              |   | Fixed         |    |   |           |   |   |     |   |   |        |   |   |     |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|---------|--------|----------------|--------|--------|----------|--------|--------|-------------|--------|--------|----------|--------|
|                                                                                                                                                                                                                                              |   | Maturities    |    |   | Other          |   |   | Other    |   |   | GMIB        |   |   | Separate |   |
|                                                                                                                                                                                                                                              |   | Available     |    |   | Equity         |   |   | Invested |   |   | Reinsurance |   |   | Accounts |   |
|                                                                                                                                                                                                                                              |   | For      Sale |    |   | Investments(1) |   |   | Assets   |   |   | Asset       |   |   | Assets   |   |
|                                                                                                                                                                                                                                              |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |
| Discrete      third quarter:                                                                                                                                                                                                                      |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |
| Balance,      July 1,      2008                                    |   | $             | 2,212.6 |   |           | $      | 1.7    |     |   | $      | 175.9       |   |   | $        | 310.1  |   |   | $ | 26.3 |   |
| Total      gains (losses),                                                                                                                                                                                                                        |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| realized      and unrealized,                                                                                                                                                                                                                     |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| included      in:                                                                                                                                                                                                                                 |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| Earnings      as:                                                                                                                                                                                                                                 |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| Net      investment income                                                                                                                                                                                                                        |   |          | .8      |   |           |   | -      |     |   |   | 2.9         |   |   |     | -      |   |   |   | - |   |
| Investment      gains                                                                                                                                                                                                                             |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| (losses),      net                                                                                    |   |          | (28.5   | )      |           |   | -      |     |   |   | -           |   |   |     | -      |   |   |   | (2.4 | ) |
| (Decrease)      increase in the fair value of the                                                                                                                                                                                                 |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| reinsurance      contracts                                                                                                                                                                                                                        |   |          | -       |   |           |   | -      |     |   |   | -           |   |   |     | 189.8  |   |   |   | - |   |
| Subtotal                                                                                                                                                                                        |   |          | (27.7   | )      |           |   | -      |     |   |   | 2.9         |   |   |     | 189.8  |   |   |   | (2.4 | ) |
| Other      comprehensive                                                                                                                                                                                                                          |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
|  income                                                                                                                                                                                                                                 |   |          | (218.4  | )      |           |   | .4     |     |   |   | -           |   |   |     | -      |   |   |   | - |   |
| Purchases/issuances      and                                                                                                                                                                                                                      |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| sales/settlements,      net                                                                                                                                                                                                                       |   |          | (12.0   | )      |           |   | (.1    | )        |   |   | 17.7        |   |   |     | 13.7   |   |   |   | (2.5 | ) |
| Transfers      into/out of Level 3(2)                                                                                                                                                                                                             |   |          | (1.6    | )      |           |   | -      |     |   |   | -           |   |   |     | -      |   |   |   | 6.2 |   |
| Balance,      Sept. 30, 2008                                                                                                                                                                                                                      |   | $             | 1,952.9 |   |           | $      | 2.0    |     |   | $      | 196.5       |   |   | $        | 513.6  |   |   | $ | 27.6 |   |
|                                                                                                                                                                                                                                              |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| First      nine months of 2008:                                                                                                                                                                                                                   |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| Balance,      Dec. 31, 2007                                                                                                                                                                                                                       |   | $             | 2,503.4 |   |           | $      | 3.0    |     |   | $      | 160.9       |   |   | $        | 124.7  |   |   | $ | 40.8 |   |
| Impact      of adopting                                                                                                                                                                                                                           |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| new      guidance on Jan 1,                                                                                                                                                                                                                       |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| included      in earnings                                                                                                                                                                                                                         |   |          | -       |   |           |   | -      |     |   |   | -           |   |   |     | 210.6  |   |   |   | - |   |
| Balance,      Jan. 1,      2008                                    |   |          | 2,503.4 |   |           |   | 3.0    |     |   |   | 160.9       |   |   |     | 335.3  |   |   |   | 40.8 |   |
| Total      gains (losses),                                                                                                                                                                                                                        |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| realized      and unrealized,                                                                                                                                                                                                                     |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| included      in:                                                                                                                                                                                                                                 |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| Earnings      as:                                                                                                                                                                                                                                 |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| Net      investment income                                                                                                                                                                                                                        |   |          | 2.4     |   |           |   | -      |     |   |   | 8.7         |   |   |     | -      |   |   |   | - |   |
| Investment      gains                                                                                                                                                                                                                             |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| (losses),      net                                                                                    |   |          | (73.7   | )      |           |   | (1.1   | )        |   |   | -           |   |   |     | -      |   |   |   | (7.1 | ) |
| (Decrease)      increase in the fair value of                                                                                                                                                                                                     |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| reinsurance      contracts                                                                                                                                                                                                                        |   |          | -       |   |           |   | -      |     |   |   | -           |   |   |     | 135.0  |   |   |   | - |   |
| Subtotal                                                                                                                            |   |          | (71.3   | )      |           |   | (1.1   | )        |   |   | 8.7         |   |   |     | 135.0  |   |   |   | (7.1 | ) |
| Other      comprehensive                                                                                                                                                                                                                          |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| income                                                                                      |   |          | (551.7  | )      |           |   | .3     |     |   |   | -           |   |   |     | -      |   |   |   | - |   |
| Purchases/issuances      and                                                                                                                                                                                                                      |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |
| sales/settlements,      net                                                                                                                                                                                                                       |   |          | (23.0   | )      |           |   | (.2    | )        |   |   | 26.9        |   |   |     | 43.3   |   |   |   | (12.3 | ) |
| Transfers      into/out of Level 3(2)                                                                                                                                                                                                             |   |          | 95.5    |   |           |   | -      |     |   |   | -           |   |   |     | -      |   |   |   | 6.2 |   |
| Balance,      Sept. 30, 2008                                                                                                                                                                                                                      |   | $             | 1,952.9 |   |           | $      | 2.0    |     |   | $      | 196.5       |   |   | $        | 513.6  |   |   | $ | 27.6 |   |
|                                                                                                                                                                                                                                              |   |          |    |   |           |   |   |     |   |   |        |   |   |     |   |   |   |   |   |   |

----

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

----

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

----

|                                           |   | Earnings           |    |   |       |    |
|------------------------------------------------|--------|--------------------|---------|--------|------------|---------|
|                                           |   |               |    |   | Investment |    |   | Commissions |   |   | Other |   |
|                                           |   | Net                |    |   | Gains      |    |   | Fees      and |   |   | Compre- |   |
|                                           |   | Investment         |    |   | (Losses),  |    |   | Other |   |   | hensive |   |
|                                           |   | Income             |    |   | Net        |    |   | Income |   |   | Income |   |
|                                           |   | (In      Millions) |    |
| Level      3 Instruments:                      |   |               |    |   |       |    |   |   |   |   |   |   |
| Discrete      Third Quarter 2008               |   |               |    |   |       |    |   |   |   |   |   |   |
| Still      Held at September 30, 2008:         |   |               |    |   |       |    |   |   |   |   |   |   |
| Change      in unrealized gains or      losses |   |               |    |   |       |    |   |   |   |   |   |   |
| Fixed      maturities available      for sale  |   | $             |  - |   |       | $  |  - |   |   | $  |  - |   |   | $  | (221.0 | )  |
| Other      equity investments                  |   |               | -       |   |       |    | - |   |   |   | - |   |   |   | .4 |   |
| Other      invested assets                     |   |               | 20.6    |   |       |    | - |   |   |   | - |   |   |   | - |   |
| Cash      equivalents                          |   |               | -       |   |       |    | - |   |   |   | - |   |   |   | - |   |
| Segregated      securities                     |   |               | -       |   |       |    | - |   |   |   | - |   |   |   | - |   |
| GMIB      reinsurance contracts                |   |               | -       |   |       |    | - |   |   |   | 189.8 |   |   |   | - |   |
| Separate      Accounts’ assets           |   |               | -       |   |       |    | (2.4 | ) |   |   | - |   |   |   | - |   |
| GWBL      features’ liabilities          |   |               | -       |   |       |    | 41.9 |   |   |   | - |   |   |   | - |   |
| Total                                          |   | $                  | 20.6    |   |       | $       | 39.5 |   |   | $ | 189.8 |   |   | $ | (220.6 | ) |
|                                           |   |               |    |   |       |    |   |   |   |   |   |   |   |   |   |   |
| First      Nine Months of 2008                 |   |               |    |   |       |    |   |   |   |   |   |   |   |   |   |   |
| Still      Held at September 30, 2008:         |   |               |    |   |       |    |   |   |   |   |   |   |   |   |   |   |
| Change      in unrealized gains or      losses |   |               |    |   |       |    |   |   |   |   |   |   |   |   |   |   |
| Fixed      maturities                          |   |               |    |   |       |    |   |   |   |   |   |   |   |   |   |   |
| available      for sale                        |   | $                  | -       |   |       | $       | - |   |   | $ | - |   |   | $ | (552.2 | ) |
| Other      equity investments                  |   |               | -       |   |       |    | - |   |   |   | - |   |   |   | .4 |   |
| Other      invested assets                     |   |               | 35.5    |   |       |    | - |   |   |   | - |   |   |   | - |   |
| Cash      equivalents                          |   |               | -       |   |       |    | - |   |   |   | - |   |   |   | - |   |
| Segregated      securities                     |   |               | -       |   |       |    | - |   |   |   | - |   |   |   | - |   |
| GMIB      reinsurance contracts                |   |               | -       |   |       |    | - |   |   |   | 135.0 |   |   |   | - |   |
| Separate      Accounts’ assets           |   |               | -       |   |       |    | (6.9 | ) |   |   | - |   |   |   | - |   |
| GWBL      features’ liability            |   |               | -       |   |       |    | 41.9 |   |   |   | - |   |   |   | - |   |
| Total                                          |   | $                  | 35.5    |   |       | $       | 35.0 |   |   | $ | 135.0 |   |   | $ | (551.8 | ) |

----

|                                                                                                                                                                                                                                                                                                                   |   | Carrying           |    |   |            |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-----------------|--------|
|                                                                                                                                                                                                                                                                                                                   |   | Value              |    |   | Fair      Value |   |
|                                                                                                                                                                                                                                                                                                                   |   | (In      Millions) |    |
|                                                                                                                                                                                                                                                                                                                   |   |               |    |   |            |   |
| Consolidated:                                                                                                                                                                                                                                                                                                          |   |               |    |   |            |   |
| Mortgage      loans on real estate                                                                                                                                                                                                                                                                                     |   | $                  | 3,606.6 |   |            | $      | 3,538.5 |   |
| Other      limited partnership interests                                                                                                                                                                                                                                                                               |   |               | 1,241.7 |   |            |   | 1,241.7 |   |
| Policyholders      liabilities:                                                                                                                                                                                                                                                                                        |   |               |    |   |            |   |   |   |
| Investment      contracts                                                                       |   |               | 2,818.4 |   |            |   | 2,825.8 |   |
| Long-term      debt                                                              |   |               | 199.9   |   |            |   | 227.3 |   |
|                                                                                                                                                                                                                                                                                                                   |   |               |    |   |            |   |   |   |
| Closed Block:                                                                                                                                                                                                                                                                                                          |   |               |    |   |            |   |   |   |
| Mortgage      loans on real estate                                                                                                                                                                                                                                                                                     |   |               | 1,072.3 |   |            |   | 1,052.9 |   |
| Other      equity      investments                                               |   |               | 1.6     |   |            |   | 1.6 |   |
| SCNILC      liability                                                            |   |               | 7.9     |   |            |   | 7.9 |   |
|                                                                                                                                                                                                                                                                                                                   |   |               |    |   |            |   |   |   |
| Wind-up Annuities:                                                                                                                                                                                                                                                                                                     |   |               |    |   |            |   |   |   |
| Mortgage      loans on real estate                                                                                                                                                                                                                                                                                     |   |               | 151.1   |   |            |   | 153.7 |   |
| Other      equity      investments                                               |   |               | 1.3     |   |            |   | 1.3 |   |
| Guaranteed      interest contracts                                                                                                                                                                                                                                                                                     |   |               | 5.6     |   |            |   | 6.3 |   |

----

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

|                                    |   |                           |
|-----------------------------------------|--------|--------------------------------|
|                                    |   | Three      Months Ended        |   |   |        Nine      Months Ended |   |
|                                    |   |        September      30, |   |   |        September      30, |   |
|                                    |   |  2009                     |   |   |  2008 |   |   |  2009 |   |   |  2008 |   |
|                                    |   |        (In      Millions) |   |
|                                    |   |                           |   |   |   |   |   |   |   |   |   |   |
| Service      cost                       |   | $                              | 8.0 |   |   | $ | 11.3 |   |   | $ | 28.7 |   |   | $ | 31.2 |   |
| Interest      cost on projected benefit |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| obligation                              |   |                           | 34.2 |   |   |   | 33.7 |   |   |   | 102.1 |   |   |   | 100.6 |   |
| Expected      return on assets          |   |                           | (29.8 | ) |   |   | (48.3 | ) |   |   | (94.0 | ) |   |   | (146.2 | ) |
| Net      amortization                   |   |                           | 24.6 |   |   |   | 13.8 |   |   |   | 71.3 |   |   |   | 32.4 |   |
| Net      Periodic Pension Expense       |   | $                              | 37.0 |   |   | $ | 10.5 |   |   | $ | 108.1 |   |   | $ | 18.0 |   |

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

----

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

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

----

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

|                                                                                                                                                                                                                                                                                                                       |   |        Three      Months Ended |    |   |        Nine      Months Ended |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|---------|--------|------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                       |   |        September      30,      |    |   |        September      30,     |   |
|                                                                                                                                                                                                                                                                                                                       |   |        2009                    |    |   |        2008                   |   |   |        2009 |   |   |        2008 |   |
|                                                                                                                                                                                                                                                                                                                       |   |        (In      Millions)      |    |
|                                                                                                                                                                                                                                                                                                                       |   |                                |    |   |                               |   |   |   |   |   |   |   |
| Segment      revenues:                                                                                                                                                                                                                                                                                                     |   |                                |    |   |                               |   |   |   |   |   |   |   |
| Insurance                                                                  |   | $                                   | 874.1   |   |                               | $      | 2,552.0 |   |   | $ | (156.9 | ) |   | $ | 6,669.4 |   |
| Investment      Management (1)                                                                                                                                                                                                                                                                                             |   |                                | 823.3   |   |                               |   | 847.8 |   |   |   | 2,155.1 |   |   |   | 2,956.9 |   |
| Consolidation/elimination                                                  |   |                                | (12.3   | )      |                               |   | (22.1 | ) |   |   | (26.6 | ) |   |   | (64.7 | ) |
| Total      Revenues                                                        |   | $                                   | 1,685.1 |   |                               | $      | 3,377.7 |   |   | $ | 1,971.6 |   |   | $ | 9,561.6 |   |
|                                                                                                                                                                                                                                                                                                                       |   |                                |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Segment      (loss) earnings from                                                                                                                                                                                                                                                                                          |   |                                |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| continuing      operations before income                                                                                                                                                                                                                                                                                   |   |                                |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| taxes:                                                                                                                                                                                                                                                                                                                     |   |                                |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Insurance                                                                  |   | $                                   | (296.0  | )      |                               | $      | 65.9 |   |   | $ | (3,027.5 | ) |   | $ | 1,465.7 |   |
| Investment      Management                                                 |   |                                | 230.2   |   |                               |   | 251.6 |   |   |   | 388.7 |   |   |   | 860.0 |   |
| Consolidation/elimination                                                  |   |                                | (2.6    | )      |                               |   | (2.5 | ) |   |   | (2.0 | ) |   |   | (3.0 | ) |
| Total      (Loss) Earnings from Continuing                                                                                                                                                                                                                                                                                 |   |                                |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Operations      before Income Taxes                                                                                                                                                                                                                                                                                        |   | $                                   | (68.4   | )      |                               | $      | 315.0 |   |   | $ | (2,640.8 | ) |   | $ | 2,322.7 |   |
|                                                                                                                                                                                                                                                                                                                       |   |                                |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |

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

|                       |   |        September      30, |      |   |        December      31, |   |
|----------------------------|--------|--------------------------------|-----------|--------|-------------------------------|--------|
|                       |   |  2009                     |      |   |  2008                    |   |
|                       |   | (In      Millions)             |      |
| Segment      assets:       |   |                           |      |   |                          |   |
| Insurance                  |   | $                              | 136,714.8 |   |                          | $      | 123,757.3 |   |
| Investment      Management |   |                           | 11,367.7  |   |                          |   | 12,520.2 |   |
| Consolidation/elimination  |   |                           | (50.3     | )      |                          |   | (11.2 | ) |
| Total      Assets          |   | $                              | 148,032.2 |   |                          | $      | 136,266.3 |   |

----

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

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

|                                                                                                                                                                                                                                                                                                                                                    |   | Three      Months Ended |   |   | Nine      Months Ended |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|--------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                    |   | September      30,      |   |   | September      30,     |   |
|                                                                                                                                                                                                                                                                                                                                                    |   | 2009                    |   |   | 2008                   |   |   | 2009 |   |   | 2008 |   |
|                                                                                                                                                                                                                                                                                                                                                    |   | (In      Millions)      |   |
|                                                                                                                                                                                                                                                                                                                                                    |   |                    |   |
| Net      earnings      (loss)                                                            |   | $                       | 3.0    |   |                   | $      | 223.7 |   |   | $ | (1,557.7 | ) |   | $ | 1,651.2 |   |
|                                                                                                                                                                                                                                                                                                                                                    |   |                    |   |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Other      comprehensive income (loss),                                                                                                                                                                                                                                                                                                                 |   |                    |   |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| net      of income      taxes                                                                           |   |                    |   |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Change      in unrealized (losses) gains,                                                                                                                                                                                                                                                                                                               |   |                    |   |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| net      of reclassification adjustment                                                                                                                                                                                                                                                                                                                 |   |                    | 770.3  |   |                   |   | (743.8 | ) |   |   | 1,347.0 |   |   |   | (1,263.7 | ) |
| Changes      in defined benefit plan                                                                                                                                                                                                                                                                                                                    |   |                    |   |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| related      items, net of                                                                                                                                                                                                                                                                                                                              |   |                    |   |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| reclassification      adjustment                                                                                                                                                                                                                                                                                                                        |   |                    | (37.6  | )      |                   |   | 5.8 |   |   |   | (58.7 | ) |   |   | 17.8 |   |
|                                                                                                                                                                                                                                                                                                                                                    |   |                    |   |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Total      other comprehensive income (loss),                                                                                                                                                                                                                                                                                                           |   |                    |   |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| net      of income      taxes                                                                           |   |                    | 732.7  |   |                   |   | (738.0 | ) |   |   | 1,288.3 |   |   |   | (1,245.9 | ) |
| Comprehensive      income      (loss)                                                    |   |                    | 735.7  |   |                   |   | (514.3 | ) |   |   | (269.4 | ) |   |   | 405.3 |   |
| Comprehensive      income attributable                                                                                                                                                                                                                                                                                                                  |   |                    |   |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| to      noncontrolling      interest                                                                    |   |                    | (180.1 | )      |                   |   | (100.7 | ) |   |   | (309.4 | ) |   |   | (412.0 | ) |
| Comprehensive      Income (Loss)                                                                                                                                                                                                                                                                                                                        |   |                    |   |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Attributable      to AXA Equitable                                                                                                                                                                                                                                                                                                                      |   | $                       | 555.6  |   |                   | $      | (615.0 | ) |   | $ | (578.8 | ) |   | $ | (6.7 | )  |

----

| ·   | 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 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 markets 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.  This was the case during the first nine      months of 2009 as the significant increase in long-term interest rates      caused a decline in the fair value of the reinsurance contracts, which was      not fully offset by the change in the gross reserves, contributing to the      significant loss for the period. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | 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 with 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 contributes to earnings volatility.  This was the      case during the first nine months of 2009, as significant increases in      equity markets and long-term interest rates caused a decline in the fair      value of derivatives used in these hedging programs, which was not fully      offset by the change in the gross reserves, contributing to the      significant loss for the period. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                  | Nine Months Ended  |   | Year      Ended   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|-------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                  | September      30, |   | December      31, |   |
|                                                                                                                                                                                                                                                                                                                                                                                                  | 2009               |   | 2008              |   | 2008 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                  | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                  |               |   |              |   |   |   |   |   |   |
| Decrease      (increase) in GMDB, GMIB and GWBL                                                                                                                                                                                                                                                                                                                                                       |               |   |              |   |   |   |   |   |   |
| reserves,      net of related GMDB reinsurance (1)                                                                                                                                                                                                                                                                                                                                                    |               | $      | 405.0             |   |   | $ | (227.4 | ) |   | $ | (2,606.0 | ) |
| (Decrease)      increase in fair value of                                                                                                                                                                                                                                                                                                                                                             |               |   |              |   |   |   |   |   |   |   |   |   |
| GMIB      reinsurance contracts (2)                                                            |               |   | (2,039.8          | )      |   |   | 389.0 |   |   |   | 1,566.8 |   |
| (Losses)      gains on free-standing derivatives (3)                                                                                                                                                                                                                                                                                                                                                  |               |   | (2,493.8          | )      |   |   | 1,458.9 |   |   |   | 7,302.1 |   |
| Total                                                                           |               | $      | (4,128.6          | )      |   | $ | 1,620.5 |   |   | $ | 6,262.9 |   |

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

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

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

----

----

----

----

| ·         | features      and pricing of various products, including but not limited to variable      annuity products, continue to change rapidly, in response to changing      customer preferences, company risk appetites, capital utilization and      other factors, |
|--------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·         | various      insurance companies, including one or more in the Insurance Group, have      eliminated and/or limited sales of certain annuity and life insurance      products or features, and |
|--------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·         | overall      industry sales of  variable annuity and life insurance products      have declined, in some cases substantially, due in part to changing      customer preferences, a phenomenon also observed following previous      periods of significant market decline and/or  volatility. |
|--------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | September 30, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 2009               |   | 2008 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |               |   |
| Third      party                                                                                                                            |               | $      | 437,830 |   |   | $ | 535,653 |   |
| General      Account and      other                                                                                                         |               |   | 52,959 |   |   |   | 48,817 |   |
| Insurance      Group Separate      Accounts                                                                                                 |               |   | 81,580 |   |   |   | 81,133 |   |
| Total      Assets Under      Management                                                                                                     |               | $      | 572,369 |   |   | $ | 665,603 |   |

----

----

----

| Item      1. | Legal      Proceedings           See      Note 11 of Notes to Consolidated Financial Statements contained      herein.  Except as disclosed in Note 11 of Notes to Consolidated      Financial Statements, there have been no new material legal proceedings      and no new material developments in legal proceedings previously reported      in the 2008 Form10-K. |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item      1A. | Risk      Factors            There      have been no material changes to the risk factors described in Item 1A,      “Risk Factors,” included in the 2008 Form 10-K except as noted      below:In      2007 and again in 2009, Congress proposed tax legislation that would cause      certain publicly-traded partnerships (“PTPs”) to be taxed as corporations,      thus subjecting their income to a higher level of income      tax.  AllianceBernstein Holding is a PTP that derives its income      from asset manager or investment management services through its ownership      interest in AllianceBernstein.  However, the legislation, in the      form proposed, would not affect AllianceBernstein Holding’s tax      status.  In addition, AllianceBernstein continues to receive      consistent indications from a number of individuals involved in the      legislative process that AllianceBernstein Holding’s tax status is not the      focus of the proposed legislation, and that they do not expect to change      that approach.  However, AllianceBernstein cannot predict      whether, or in what form, the proposed tax legislation will pass, and is      unable to determine what effect any new legislation might have on      AllianceBernstein.  If AllianceBernstein Holding were to lose      its Federal tax status as a grandfathered PTP, it would be subject to      corporate income tax, which would reduce materially its net income and      quarterly distributions to AllianceBernstein Holding      unitholders.In      its current form, the proposed legislation would not affect      AllianceBernstein because it is a private    partnership. |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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:  | November      9, 2009 |   | AXA      EQUITABLE LIFE INSURANCE COMPANY |
|--------|-----------------------|--------|-------------------------------------------|
|   |                  |   |                                      |

|   |                  |   | By:    | /s/      Richard S. Dziadzio |                              |
|--------|-----------------------|--------|--------|------------------------------|-----------------------------------|
|   |                  |   |   | Name:                        | Richard      S. Dziadzio          |   |
|   |                  |   |   | Title:                       | Executive      Vice President and |   |
|   |                  |   |   |                         | Chief      Financial Officer      |   |
|   |                  |   |   |                         |
|   |                  |   |   |                         |
| Date:  | November      9, 2009 |   |   | /s/      Alvin H. Fenichel   |
|   |                  |   |   | Name:                        | Alvin      H. Fenichel            |
|   |                  |   |   | Title:                       | Senior      Vice President and    |
|   |                  |   |   |                         | Chief      Accounting Officer     |