213 Net fair value change of derivatives comprise: 2013 2012 2011 Net fair value change on free standing derivatives (1,231) 457 2,334 Net fair value change on embedded derivatives 143 (62) (1,065) Ineffective portion of hedge transactions to which hedge accounting is applied 9 11 13 Fair value changes on economic hedges for which no hedge accounting is applied (108) (79) (117) Total (1,187) 327 1,165 The ineffective portion of hedge transactions to which hedge accounting is applied comprises: 2013 2012 2011 Fair value change on hedging instruments in a fair value hedge 225 (64) (99) Fair value change on hedged items in fair value hedge (215) 80 111 Ineffectiveness fair value hedge 10 16 12 Ineffectiveness cash flow hedges (1) (5) 1 Total 9 11 13 Net fair value change on for account of policyholder financial assets at fair value through profit or loss comprise: 2013 2012 2011 Shares 3,660 2,348 (2,030) Debt securities and money market investments (1,090) 1,636 946 Deposits with financial institutions - - 4 Separate accounts and unconsolidated investment funds 13,002 7,867 (1,053) Total 15,571 11,851 (2,133) 2013 2012 2011 Other income 393 149 39 Net fair value changes on for account of policyholder financial assets at fair value through profit or loss are offset by Claims and  benefits paid to policyholders reported in Policyholder claims and benefits (note 12). 11 Other income Other income in 2013 mainly reflects two reinsurance recapture transactions totaling EUR 200 million and book gains totaling  EUR 176 million related to the sale of joint ventures with Unnim and CAM. The book gain of Unnim of EUR 102 million included an  amount of EUR 26 million which is recycled from equity through profit and loss. The net gain of EUR 74 million related to the sale  of CAM included a negative amount of EUR 44 million which is recycled from equity through profit and loss.  Other income in 2012 mainly included the gain on the sale of Aegon's interest in Prisma Capital Partners LP (“Prisma”) of  EUR 100 million and the gain following the ending of the life, health and pension partnership with Banca Cívica of EUR 35 million.  For more details on these two transactions refer to note 25 and 26 respectively. In 2011 other income primarily included a benefit  related to the settlement of legal claims of EUR 37 million.  Other income is fully excluded from underlying earnings for segment reporting purposes (refer to note 2.4). 12 Policyholder claims and benefits 2013 2012 2011 Claims and benefits paid to policyholders 20,204 20,559 16,814 Gains / (losses) on separate accounts 10,178 6,240 (598) Change in valuation of liabilities for insurance and investment contracts 7,411 7,866 4,014 Total 37,793 34,665 20,230