EQUITY (Tables)

6 Months Ended

Jun. 30, 2014

EQUITY

Rollforward of common stock outstanding

	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Six Months Ended June 30, 2014
Shares, beginning of year	1,906,645,689	(442,582,366)	1,464,063,323
Shares issued	16,873	-	16,873
Shares repurchased	-	(35,504,806)	(35,504,806)
Shares, end of period	1,906,662,562	(478,087,172)	1,428,575,390

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		199		7,517		-		-		7,716
Change in deferred acquisition costs adjustment and other		36		(629)		-		-		(593)
Change in future policy benefits		(143)		(1,185)		-		-		(1,328)
Change in foreign currency translation adjustments		-		-		(29)		-		(29)
Net actuarial gain		-		-		-		37		37
Prior service cost		-		-		-		(24)		(24)
Change in deferred tax asset (liability)		23		(563)		(82)		(6)		(628)
Total other comprehensive income (loss)		115		5,140		(111)		7		5,151
Noncontrolling interests		-		-		-		-		-
Balance, June 30, 2014, net of tax	$	1,051	$	11,929	$	(1,063)	$	(406)	$	11,511
Balance, December 31, 2012, net of tax	$	575	$	13,446	$	(403)	$	(1,044)	$	12,574
Change in unrealized appreciation (depreciation) of investments		355		(11,632)		-		-		(11,277)
Change in deferred acquisition costs adjustment and other		(87)		630		-		-		543
Change in future policy benefits		49		2,491		-		-		2,540
Change in foreign currency translation adjustments		-		-		(566)		-		(566)
Net actuarial gain		-		-		-		104		104
Prior service cost		-		-		-		(27)		(27)
Change in deferred tax asset (liability)		(122)		3,277		(12)		(16)		3,127
Total other comprehensive income (loss)		195		(5,234)		(578)		61		(5,556)
Noncontrolling interests		-		(16)		(5)		-		(21)
Balance, June 30, 2013, net of tax	$	770	$	8,228	$	(976)	$	(983)	$	7,039

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Recognized
				Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Change in Retirement Plan Liabilities Adjustment
(in millions)										Total
Three Months Ended June 30, 2014
Unrealized change arising during period	$	21	$	2,909	$	73	$	10	$	3,013
Less: Reclassification adjustments
included in net income		10		165		-		(1)		174
Total other comprehensive income (loss),
before income tax expense (benefit)		11		2,744		73		11		2,839
Less: Income tax expense (benefit)		(15)		389		26		13		413
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	26	$	2,355	$	47	$	(2)	$	2,426
Three Months Ended June 30, 2013
Unrealized change arising during period	$	(102)	$	(6,854)	$	(273)	$	8	$	(7,221)
Less: Reclassification adjustments
included in net income		6		152		-		(26)		132
Total other comprehensive income (loss),
before income tax expense (benefit)		(108)		(7,006)		(273)		34		(7,353)
Less: Income tax expense (benefit)		(21)		(2,560)		32		17		(2,532)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(87)	$	(4,446)	$	(305)	$	17	$	(4,821)
Six Months Ended June 30, 2014
Unrealized change arising during period	$	110	$	6,097	$	(29)	$	11	$	6,189
Less: Reclassification adjustments
included in net income		18		394		-		(2)		410
Total other comprehensive income (loss),
before income tax expense (benefit)		92		5,703		(29)		13		5,779
Less: Income tax expense (benefit)		(23)		563		82		6		628
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	115	$	5,140	$	(111)	$	7	$	5,151
Six Months Ended June 30, 2013
Unrealized change arising during period	$	372	$	(8,132)	$	(566)	$	26	$	(8,300)
Less: Reclassification adjustments
included in net income		55		379		-		(51)		383
Total other comprehensive income (loss),
before income tax expense (benefit)		317		(8,511)		(566)		77		(8,683)
Less: Income tax expense (benefit)		122		(3,277)		12		16		(3,127)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	195	$	(5,234)	$	(578)	$	61	$	(5,556)

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					Affected Line Item in the Consolidated Statements of Income
	Three Months Ended June 30,
(in millions)		2014		2013
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
Investments		$	10	$	6		Other realized capital gains
Total			10		6		-
Unrealized appreciation (depreciation) of all other investments
Investments			207		1,306		Other realized capital gains
Deferred acquisition costs adjustment			(30)		(37)		Amortization of deferred acquisition costs
Future policy benefits			(12)		(1,117)		Policyholder benefits and claims incurred
Total			165		152
Change in retirement plan liabilities adjustment
Prior-service costs			12		10		*
Actuarial gains/(losses)			(13)		(36)		*
Total			(1)		(26)
Total reclassifications for the period		$	174	$	132
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Consolidated Statements of Income
	Six Months Ended June 30,
(in millions)		2014		2013
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
Investments		$	18	$	55		Other realized capital gains
Total			18		55
Unrealized appreciation (depreciation) of all other investments
Investments			411		1,592		Other realized capital gains
Deferred acquisition costs adjustment			5		6		Amortization of deferred acquisition costs
Future policy benefits			(22)		(1,219)		Policyholder benefits and claims incurred
Total			394		379
Change in retirement plan liabilities adjustment
Prior-service costs			24		22		*
Actuarial gains/(losses)			(26)		(73)		*
Total			(2)		(51)		-
Total reclassifications for the period		$	410	$	383		-

* 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.