

	Operating Results
	Americas
Three Months Ended June 30, 2015	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	1,747		$	4,104		$	319		$	783		$	6,953		$	1,809		$	525		$	26		$	9,313		$	(1	)	$	9,312
Universal life and investment-type product policy fees	1,252			183			59			301			1,795			400			114			26			2,335			99			2,434
Net investment income	2,003			481			1,526			283			4,293			679			84			129			5,185			(238		)	4,947
Other revenues	263			114			77			7			461			28			19			19			527			(9		)	518
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			(133		)	(133		)
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			(912		)	(912		)
Total revenues	5,265			4,882			1,981			1,374			13,502			2,916			742			200			17,360			(1,194		)	16,166
Expenses
Policyholder benefits and claims and policyholder dividends	2,373			3,805			933			744			7,855			1,375			265			8			9,503			180			9,683
Interest credited to policyholder account balances	551			38			294			89			972			328			34			8			1,342			(44		)	1,298
Capitalization of DAC	(257		)	(36		)	(4		)	(100		)	(397		)	(398		)	(132		)	—			(927		)	—			(927		)
Amortization of DAC and VOBA	400			39			6			86			531			336			133			1			1,001			(104		)	897
Amortization of negative VOBA	—			—			—			(1		)	(1		)	(78		)	(4		)	—			(83		)	(9		)	(92		)
Interest expense on debt	—			—			1			—			1			—			—			306			307			1			308
Other expenses	1,220			681			130			419			2,450			869			389			174			3,882			4			3,886
Total expenses	4,287			4,527			1,360			1,237			11,411			2,432			685			497			15,025			28			15,053
Provision for income tax expense (benefit)	288			124			215			21			648			59			7			(175		)	539			(545		)	(6		)
Operating earnings	$	690		$	231		$	406		$	116		$	1,443		$	425		$	50		$	(122	)	1,796
Adjustments to:
Total revenues																									(1,194		)
Total expenses																									(28		)
Provision for income tax (expense) benefit																									545
Income (loss) from continuing operations, net of income tax																									$	1,119					$	1,119



	Operating Results
	Americas
Three Months Ended June 30, 2014	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	1,812		$	4,038		$	686		$	798		$	7,334		$	1,913		$	584		$	22		$	9,853		$	20		$	9,873
Universal life and investment-type product policy fees	1,256			181			55			317			1,809			400			117			34			2,360			98			2,458
Net investment income	1,947			465			1,413			301			4,126			724			112			133			5,095			164			5,259
Other revenues	265			104			75			9			453			24			11			5			493			(3		)	490
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			(125		)	(125		)
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			311			311
Total revenues	5,280			4,788			2,229			1,425			13,722			3,061			824			194			17,801			465			18,266
Expenses
Policyholder benefits and claims and policyholder dividends	2,438			3,789			1,273			749			8,249			1,425			271			19			9,964			421			10,385
Interest credited to policyholder account balances	561			39			287			100			987			394			35			9			1,425			284			1,709
Capitalization of DAC	(249		)	(36		)	(18		)	(101		)	(404		)	(457		)	(170		)	—			(1,031		)	(1		)	(1,032		)
Amortization of DAC and VOBA	378			35			6			84			503			362			160			—			1,025			37			1,062
Amortization of negative VOBA	—			—			—			(1		)	(1		)	(92		)	(6		)	—			(99		)	(12		)	(111		)
Interest expense on debt	—			—			2			—			2			—			—			297			299			13			312
Other expenses	1,181			638			129			436			2,384			977			456			162			3,979			12			3,991
Total expenses	4,309			4,465			1,679			1,267			11,720			2,609			746			487			15,562			754			16,316
Provision for income tax expense (benefit)	294			114			187			22			617			128			6			(133		)	618			(44		)	574
Operating earnings	$	677		$	209		$	363		$	136		$	1,385		$	324		$	72		$	(160	)	1,621
Adjustments to:
Total revenues																									465
Total expenses																									(754		)
Provision for income tax (expense) benefit																									44
Income (loss) from continuing operations, net of income tax																									$	1,376					$	1,376



	Operating Results
	Americas
Six Months Ended June 30, 2015	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	3,496		$	8,221		$	737		$	1,482		$	13,936		$	3,561		$	1,033		$	36		$	18,566		$	(1	)	$	18,565
Universal life and investment-type product policy fees	2,488			371			113			595			3,567			797			216			49			4,629			199			4,828
Net investment income	3,983			959			2,956			501			8,399			1,363			167			238			10,167			241			10,408
Other revenues	514			227			148			17			906			56			29			39			1,030			(17		)	1,013
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			153			153
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			(91		)	(91		)
Total revenues	10,481			9,778			3,954			2,595			26,808			5,777			1,445			362			34,392			484			34,876
Expenses
Policyholder benefits and claims and policyholder dividends	4,822			7,640			1,924			1,325			15,711			2,715			504			20			18,950			329			19,279
Interest credited to policyholder account balances	1,093			75			587			175			1,930			665			64			14			2,673			620			3,293
Capitalization of DAC	(504		)	(72		)	(10		)	(211		)	(797		)	(833		)	(265		)	—			(1,895		)	—			(1,895		)
Amortization of DAC and VOBA	775			80			11			164			1,030			662			261			1			1,954			(32		)	1,922
Amortization of negative VOBA	—			—			—			(1		)	(1		)	(164		)	(8		)	—			(173		)	(19		)	(192		)
Interest expense on debt	(1		)	—			2			—			1			—			—			603			604			2			606
Other expenses	2,396			1,345			254			844			4,839			1,773			751			319			7,682			9			7,691
Total expenses	8,581			9,068			2,768			2,296			22,713			4,818			1,307			957			29,795			909			30,704
Provision for income tax expense (benefit)	557			251			411			52			1,271			207			18			(363		)	1,133			(243		)	890
Operating earnings	$	1,343		$	459		$	775		$	247		$	2,824		$	752		$	120		$	(232	)	3,464
Adjustments to:
Total revenues																									484
Total expenses																									(909		)
Provision for income tax (expense) benefit																									243
Income (loss) from continuing operations, net of income tax																									$	3,282					$	3,282



	Operating Results
	Americas
Six Months Ended June 30, 2014	Retail			Group, Voluntary & Worksite Benefits			Corporate Benefit Funding			Latin America			Total			Asia			EMEA			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	3,536		$	8,040		$	987		$	1,481		$	14,044		$	3,803		$	1,181		$	42		$	19,070		$	22		$	19,092
Universal life and investment-type product policy fees	2,503			358			112			628			3,601			789			226			67			4,683			196			4,879
Net investment income	3,941			921			2,795			598			8,255			1,424			219			282			10,180			114			10,294
Other revenues	510			211			143			16			880			51			27			26			984			(16		)	968
Net investment gains (losses)	—			—			—			—			—			—			—			—			—			(536		)	(536		)
Net derivative gains (losses)	—			—			—			—			—			—			—			—			—			654			654
Total revenues	10,490			9,530			4,037			2,723			26,780			6,067			1,653			417			34,917			434			35,351
Expenses
Policyholder benefits and claims and policyholder dividends	4,845			7,570			2,161			1,365			15,941			2,822			532			42			19,337			675			20,012
Interest credited to policyholder account balances	1,116			79			565			198			1,958			781			69			18			2,826			352			3,178
Capitalization of DAC	(483		)	(70		)	(19		)	(208		)	(780		)	(951		)	(346		)	—			(2,077		)	(1		)	(2,078		)
Amortization of DAC and VOBA	807			71			10			163			1,051			700			324			—			2,075			45			2,120
Amortization of negative VOBA	—			—			—			(1		)	(1		)	(186		)	(15		)	—			(202		)	(24		)	(226		)
Interest expense on debt	—			—			4			—			4			—			—			589			593			31			624
Other expenses	2,323			1,266			244			872			4,705			1,968			920			337			7,930			15			7,945
Total expenses	8,608			8,916			2,965			2,389			22,878			5,134			1,484			986			30,482			1,093			31,575
Provision for income tax expense (benefit)	569			215			369			40			1,193			276			26			(273		)	1,222			(164		)	1,058
Operating earnings	$	1,313		$	399		$	703		$	294		$	2,709		$	657		$	143		$	(296	)	3,213
Adjustments to:
Total revenues																									434
Total expenses																									(1,093		)
Provision for income tax (expense) benefit																									164
Income (loss) from continuing operations, net of income tax																									$	2,718					$	2,718