content_image/1032791.jpg content_image/1032792.jpg
The following table summarizes policyholder reserves for Life & Group. 

<img src='content_image/1032791.jpg'>

<img src='content_image/1032792.jpg'>

(1) To the extent that unrealized gains on fixed income securities supporting long term care products and annuity contracts would result in a premium deficiency if those gains were realized, an increase in Insurance reserves is recorded, net of tax, as a reduction of net unrealized gains through Other comprehensive income (loss) (Shadow Adjustments). 

(2) Ceded reserves relate to claim or policy reserves fully reinsured in connection with a sale or exit from the underlying business. 

## 2017 Compared with 2016 

Core income increased $30 million in 2017 as compared with 2016. This increase was driven by favorable morbidity partially offset by unfavorable persistency in the long term care business. Additionally, the release of long term care claim reserves resulting from the annual claims experience study was higher in 2017 as compared with 2016. 

