The table below sets forth business segment sales for the periods shown:
|For the||For the|
|three months ended||twelve months ended|
($ in millions)
|December 31,||December 31,|
|Stable Value Products||272.2||32.9||621.6||798.7|
Review of Business Segment Results
Life Marketing segment pre-tax operating income was $15.6 million in the fourth quarter of 2012, representing a decrease of $18.2 million from the three months ended December 31, 2011. Some items contributing to the decrease were a $5.5 million decrease in earnings related to closing a reserve financing transaction and the related transfer of investment income to the Corporate & Other segment, unfavorable mortality experience, and higher operating expenses as a result of higher sales. Traditional life mortality was 92% of expected in the fourth quarter of 2012 compared to 86% of expected in the fourth quarter of 2011, resulting in an unfavorable change of $3.4 million. Universal life mortality experience was also unfavorable compared to the prior year’s fourth quarter.