EQUITY (Tables)

9 Months Ended

Sep. 30, 2014

EQUITY

Rollforward of common stock outstanding

	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Nine Months Ended September 30, 2014
Shares, beginning of year	1,906,645,689	(442,582,366)	1,464,063,323
Shares issued	25,803	1,143	26,946
Shares repurchased	-	(60,317,318)	(60,317,318)
Shares, end of period	1,906,671,492	(502,898,541)	1,403,772,951

Accumulated Other Comprehensive Income (Loss)

		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
Balance, December 31, 2013, net of tax	$	936	$	6,789	$	(952)	$	(413)	$	6,360
Change in unrealized appreciation of investments		268		6,330		-		-		6,598
Change in deferred acquisition costs adjustment and other		61		(433)		-		-		(372)
Change in future policy benefits		(114)		(781)		-		-		(895)
Change in foreign currency translation adjustments		-		-		(149)		-		(149)
Net actuarial gain		-		-		-		40		40
Prior service cost		-		-		-		(36)		(36)
Change in deferred tax asset (liability)		(41)		(144)		(40)		9		(216)
Total other comprehensive income (loss)		174		4,972		(189)		13		4,970
Noncontrolling interests		-		(1)		-		-		(1)
Balance, September 30, 2014, net of tax	$	1,110	$	11,762	$	(1,141)	$	(400)	$	11,331
Balance, December 31, 2012, net of tax	$	575	$	13,446	$	(403)	$	(1,044)	$	12,574
Change in unrealized appreciation (depreciation) of investments		314		(13,048)		-		-		(12,734)
Change in deferred acquisition costs adjustment and other		(108)		939		-		-		831
Change in future policy benefits		80		2,727		-		-		2,807
Change in foreign currency translation adjustments		-		-		(709)		-		(709)
Net actuarial gain		-		-		-		94		94
Prior service cost		-		-		-		(39)		(39)
Change in deferred tax asset (liability)		(114)		3,714		82		(20)		3,662
Total other comprehensive income (loss)		172		(5,668)		(627)		35		(6,088)
Noncontrolling interests		-		(16)		(7)		-		(23)
Balance, September 30, 2013, net of tax	$	747	$	7,794	$	(1,023)	$	(1,009)	$	6,509

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 September 30, 2014
Unrealized change arising during period	$	132	$	(575)	$	(120)	$	(8)	$	(571)
Less: Reclassification adjustments
included in net income		9		12		-		1		22
Total other comprehensive income (loss),
before income tax expense (benefit)		123		(587)		(120)		(9)		(593)
Less: Income tax expense (benefit)		64		(419)		(42)		(15)		(412)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	59	$	(168)	$	(78)	$	6	$	(181)
Three Months Ended September 30, 2013
Unrealized change arising during period	$	(30)	$	(652)	$	(143)	$	(44)	$	(869)
Less: Reclassification adjustments
included in net income		1		219		-		(22)		198
Total other comprehensive loss,
before income tax benefit		(31)		(871)		(143)		(22)		(1,067)
Less: Income tax expense (benefit)		(8)		(437)		(94)		4		(535)
Total other comprehensive loss,
net of income tax expense (benefit)	$	(23)	$	(434)	$	(49)	$	(26)	$	(532)
Nine Months Ended September 30, 2014
Unrealized change arising during period	$	242	$	5,522	$	(149)	$	3	$	5,618
Less: Reclassification adjustments
included in net income		27		406		-		(1)		432
Total other comprehensive income (loss),
before income tax expense (benefit)		215		5,116		(149)		4		5,186
Less: Income tax expense (benefit)		41		144		40		(9)		216
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	174	$	4,972	$	(189)	$	13	$	4,970
Nine Months Ended September 30, 2013
Unrealized change arising during period	$	342	$	(8,784)	$	(709)	$	(18)	$	(9,169)
Less: Reclassification adjustments
included in net income		56		598		-		(73)		581
Total other comprehensive income (loss),
before income tax expense (benefit)		286		(9,382)		(709)		55		(9,750)
Less: Income tax expense (benefit)		114		(3,714)		(82)		20		(3,662)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	172	$	(5,668)	$	(627)	$	35	$	(6,088)

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 September 30,
(in millions)		2014		2013
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
Investments		$	9	$	1		Other realized capital gains
Total			9		1		-
Unrealized appreciation (depreciation) of all other investments
Investments			117		501		Other realized capital gains
Deferred acquisition costs adjustment			(40)		(39)		Amortization of deferred acquisition costs
Future policy benefits			(65)		(243)		Policyholder benefits and claims incurred
Total			12		219
Change in retirement plan liabilities adjustment
Prior-service costs			11		13		*
Actuarial gains/(losses)			(10)		(35)		*
Total			1		(22)
Total reclassifications for the period		$	22	$	198
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Consolidated Statements of Income
	Nine Months Ended September 30,
(in millions)		2014		2013
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
Investments		$	27	$	56		Other realized capital gains
Total			27		56
Unrealized appreciation (depreciation) of all other investments
Investments			528		2,093		Other realized capital gains
Deferred acquisition costs adjustment			(35)		(33)		Amortization of deferred acquisition costs
Future policy benefits			(87)		(1,462)		Policyholder benefits and claims incurred
Total			406		598
Change in retirement plan liabilities adjustment
Prior-service costs			35		35		*
Actuarial gains/(losses)			(36)		(108)		*
Total			(1)		(73)		-
Total reclassifications for the period		$	432	$	581		-

* 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.