EQUITY (Tables)

3 Months Ended

Mar. 31, 2014

EQUITY

Rollforward of common stock outstanding

	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Three Months Ended March 31, 2014
Shares, beginning of year	1,906,645,689	(442,582,366)	1,464,063,323
Shares issued	9,951	-	9,951
Shares repurchased	-	(17,425,487)	(17,425,487)
Shares, end of period	1,906,655,640	(460,007,853)	1,446,647,787

Accumulated Other Comprehensive Income (Loss)

		Unrealized Appreciation
		(Depreciation) of Fixed
		Maturity Investments		Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Change in Retirement Plan Liabilities Adjustment
		on Which Other-Than-
		Temporary Credit
(in millions)		investments								Total
Balance, December 31, 2013, net of tax	$	936	$	6,789	$	(952)	$	(413)	$	6,360
Change in unrealized appreciation of investments		136		3,803		-		-		3,939
Change in deferred acquisition costs adjustment and other		32		(256)		-		-		(224)
Change in future policy benefits		(87)		(588)		-		-		(675)
Change in foreign currency translation adjustments		-		-		(102)		-		(102)
Net actuarial gain		-		-		-		14		14
Prior service cost		-		-		-		(12)		(12)
Change in deferred tax asset (liability)		8		(174)		(56)		7		(215)
Total other comprehensive income (loss)		89		2,785		(158)		9		2,725
Noncontrolling interests		-		-		-		-		-
Balance, March 31, 2014, net of tax	$	1,025	$	9,574	$	(1,110)	$	(404)	$	9,085
Balance, December 31, 2012, net of tax	$	575	$	13,446	$	(403)	$	(1,044)	$	12,574
Change in unrealized appreciation (depreciation) of investments		414		(1,607)		-		-		(1,193)
Change in deferred acquisition costs adjustment and other		(2)		(309)		-		-		(311)
Change in future policy benefits		13		411		-		-		424
Change in foreign currency translation adjustments		-		-		(293)		-		(293)
Net actuarial gain		-		-		-		57		57
Prior service cost		-		-		-		(14)		(14)
Change in deferred tax asset (liability)		(143)		717		20		1		595
Total other comprehensive income (loss)		282		(788)		(273)		44		(735)
Noncontrolling interests		-		(1)		1		-		-
Balance, March 31, 2013, net of tax	$	857	$	12,659	$	(677)	$	(1,000)	$	11,839

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation
		(Depreciation) of Fixed
		Maturity Investments		Unrealized				Change in
		on Which Other-Than-		Appreciation		Foreign		Retirement
		Temporary Credit		(Depreciation)		Currency		Plan
		Impairments Were		of All Other		Translation		Liabilities
(in millions)		Recognized		Investments		Adjustments		Adjustment		Total
March 31, 2014
Unrealized change arising during period	$	89	$	3,188	$	(102)	$	1	$	3,176
Less: Reclassification adjustments
included in net income		8		229		-		(1)		236
Total other comprehensive income (loss),
before income tax expense (benefit)		81		2,959		(102)		2		2,940
Less: Income tax expense (benefit)		(8)		174		56		(7)		215
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	89	$	2,785	$	(158)	$	9	$	2,725
March 31, 2013
Unrealized change arising during period	$	474	$	(1,278)	$	(293)	$	18	$	(1,079)
Less: Reclassification adjustments
included in net income		49		227		-		(25)		251
Total other comprehensive income (loss),
before income tax expense (benefit)		425		(1,505)		(293)		43		(1,330)
Less: Income tax expense (benefit)		143		(717)		(20)		(1)		(595)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	282	$	(788)	$	(273)	$	44	$	(735)

Schedule of effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Consolidated Statements of Income

	Amount Reclassified
	from Accumulated Other
	Comprehensive Income
	Three Months Ended March 31,					Affected Line Item in the
(in millions)			2014		2013	Consolidated Statements of Income
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
Investments		$	8	$	49	Other realized capital gains
Total			8		49
Unrealized appreciation (depreciation) of
all other investments
Investments			204		286	Other realized capital gains
Deferred acquisition costs adjustment			35		43	Amortization of deferred acquisition costs
Future policy benefits			(10)		(102)	Policyholder benefits and claims incurred
Total			229		227
Change in retirement plan liabilities adjustment
Prior-service costs			12		12	*
Actuarial gains/(losses)			(13)		(37)	*
Total			(1)		(25)
Total reclassifications for the period		$	236	$	251

* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 14 to the Condensed Consolidated Financial Statements.