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Spotlight PEPPOL BIS Billing 3.0 The EU e-invoicing mandate is here — France Sept 2026, Belgium Jan 2026, Germany 2025.

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X12 268 — Annuity Activity

The 268 transmits annuity-contract activity between contract holder and operator or administrator: contributions, withdrawals, transfers, asset allocation.

Purpose

The 268 documents the periodic activity of an annuity-contract portfolio (variable annuity, fixed annuity, indexed annuity): contract identification, owner and beneficiary, period events (contribution, withdrawal, switch, settlement), amounts and balances, sub-account allocation.

Used in the B2B circuit between annuity insurers (Prudential, MetLife, AIG, TIAA) and their intermediaries (broker-dealers, IMOs, 401k platforms). Acknowledged by 997, it feeds SEC and DOL reporting obligations and statement production.

Envelope structure

The 268 travels within the three X12 envelope levels (ISA/IEA, GS/GE with functional group NL, and ST/SE). Didactic example in release 004010:

x12 example-268.x12 
ISA*00*          *00*          *ZZ*ACMEINSURER   *ZZ*ACMEBROKER    *260514*0830*U*00401*000000268*0*P*>~
GS*NL*ACMEINSURER*ACMEBROKER*20260514*0830*1*X*004010~
ST*268*0001~
BGN*00*ANN-2026-Q2*20260630~
N1*IN*ACME LIFE INSURANCE*92*ACMI~
N1*DI*ACME WEALTH PARTNERS*92*ACMD~
LX*1~
REF*CT*CONTRACT-VAA-77912~
N1*IH*JOHN POLICYHOLDER*24*XXX-XX-1234~
DTM*RT*20260401~
DTM*RT*20260630~
AMT*CN*5000.00~
AMT*W*0~
AMT*BL*122500.00~
SLN*1*1*A*0.40****EQUITY GROWTH FUND~
SLN*2*1*A*0.35****BALANCED FUND~
SLN*3*1*A*0.25****FIXED INCOME FUND~
SE*15*0001~
GE*1*1~
IEA*1*000000268~

Common segments

  • Header — ST, BGN, DTM (period).
  • Parties — N1*IN (Insurer), N1*DI (Distributor / Broker-Dealer).
  • Contract — LX loop with REF*CT (contract number), N1*IH (Insured / Policyholder), DTM (period).
  • Activity — AMT*CN (Contributions), AMT*W (Withdrawals), AMT*BL (Balance), AMT*GA (Gain).
  • Allocation — SLN repeated per sub-account with percentage and label.
  • Summary — SE.

Common pitfalls

  • PII and HIPAA is NOT applicable: annuity = life + finance, not health; ensure the program follows DOL and SEC rather than HIPAA — a compliance mis-placement triggers an audit.
  • Allocation total ≠ 100%: the sum of SLN percentages must equal exactly 100; otherwise the 268 is rejected or an automatic re-balancing is forced.
  • Activity date vs period date: DTM must distinguish reporting period and effective date of each event; conflating breaks gain calculations and statement compliance.

Documentation

The code 268 and the name Annuity Activity are public and listed on x12.org/products/transaction-sets. The complete structure of loops, qualifiers and code lists is distributed by DISA via the proprietary Implementation Guides (TR3). ediverse.io covers only public concepts, the envelope and didactic examples.