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REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2014
Effects of Reinsurance [Line Items]  
Supplemental information for gross loss and benefit reserves net of ceded reinsurance
At December 31, 20142013
AsNet ofAsNet of
(in millions)ReportedReinsuranceReportedReinsurance
Liability for unpaid losses and loss adjustment expenses(a)$(77,260)$(61,612)$(81,547)$(64,316)
Future policy benefits for life and accident and health insurance contracts(42,749)(41,767)(40,653)(39,619)
Reserve for unearned premiums(21,324)(18,278)(21,953)(18,532)
Reinsurance assets(b)19,67621,686

(a) In 2014 and 2013, the Net of Reinsurance amount reflects the cession under the June 17, 2011 transaction with National Indemnity Company (NICO) of $1.5 billion and $1.6 billion, respectively.

(b) Represents gross reinsurance assets, excluding allowances and reinsurance recoverable on paid losses.
Schedule of long-duration insurance in force ceded to other insurance companies
At December 31,
(in millions)201420132012*
Long-duration insurance in force ceded$180,178$122,012$129,159

* Excludes amounts related to held-for-sale entities.

Short-Duration Reinsurance  
Effects of Reinsurance [Line Items]  
Schedule of insurance premiums written and earned
Years Ended December 31,
Non-Life Insurance Companies
(in millions)201420132012
Premiums written:
Direct$39,375$39,833$40,647
Assumed3,3994,3064,900
Ceded(8,318)(9,514)(11,054)
Net$34,456$34,625$34,493
Premiums earned:
Direct$38,707$39,018$41,028
Assumed3,2583,5163,133
Ceded(8,140)(8,585)(9,375)
Net$33,825$33,949$34,786
Long-Duration Reinsurance  
Effects of Reinsurance [Line Items]  
Schedule of insurance premiums written and earned
Years Ended
December 31,Life Insurance CompaniesRun-off insurance linesTotal
(in millions)201420132012201420132012201420132012
Gross premiums$4,059$4,155$3,963$11$9$11$4,070$4,164$3,974
Ceded premiums(661)(620)(581)---(661)(620)(581)
Net$3,398$3,535$3,382$11$9$11$3,409$3,544$3,393