VARIABLE INTEREST ENTITIES (Tables)

12 Months Ended

Dec. 31, 2014

VARIABLE INTEREST ENTITIES

Schedule of Consolidated Variable Interest Entities

(in millions)		Real Estate and Investment Entities(d)		Securitization Vehicles		Structured Investment Vehicle		Affordable Housing Partnerships		Other		Total
December 31, 2014
Assets:
Bonds available for sale	$	-	$	11,152	$	-	$	-	$	35	$	11,187
Other bond securities		-		7,251		615		-		40		7,906
Mortgage and other loans receivable		-		2,398		-		-		162		2,560
Other invested assets		577		651		-		1,684		29		2,941
Other(a)		40		1,447		140		49		76		1,752
Total assets(b)	$	617	$	22,899	$	755	$	1,733	$	342	$	26,346
Liabilities:
Long-term debt	$	69	$	1,370	$	52	$	199	$	7	$	1,697
Other(c)		32		276		-		101		37		446
Total liabilities	$	101	$	1,646	$	52	$	300	$	44	$	2,143
December 31, 2013
Assets:
Bonds available for sale	$	-	$	11,028	$	-	$	-	$	70	$	11,098
Other bond securities		-		7,449		748		-		113		8,310
Mortgage and other loans receivable		-		1,508		-		-		189		1,697
Other invested assets		849		763		-		1,986		30		3,628
Other(a)		49		1,014		93		41		82		1,279
Total assets(b)	$	898	$	21,762	$	841	$	2,027	$	484	$	26,012
Liabilities:
Long-term debt	$	71	$	626	$	87	$	188	$	22	$	994
Other(c)		31		225		-		83		216		555
Total liabilities	$	102	$	851	$	87	$	271	$	238	$	1,549

(a) Comprised primarily of Short-term investments, Premiums and other receivables and Other assets at both December 31, 2014 and 2013.

(b)The assets of each VIE can be used only to settle specific obligations of that VIE.

(c) Comprised primarily of Other liabilities and Derivative liabilities, at fair value, at both December 31, 2014 and 2013.

(d)At December 31, 2014 and 2013, off-balance sheet exposure primarily consisting of commitments to real estate and investment entities was $56.4 million and $50.8 million, respectively.

Schedule of Unconsolidated Variable Interest Entities

			Maximum Exposure to Loss
		Total VIE		On-Balance		Off-Balance
(in millions)		Assets		Sheet*		Sheet		Total
December 31, 2014
Real estate and investment entities	$	19,949	$	2,785	$	454	$	3,239
Affordable housing partnerships		7,911		425		-		425
Other		617		32		-		32
Total	$	28,477	$	3,242	$	454	$	3,696
December 31, 2013
Real estate and investment entities	$	17,572	$	2,343	$	289	$	2,632
Affordable housing partnerships		8,559		477		-		477
Other		708		37		-		37
Total	$	26,839	$	2,857	$	289	$	3,146

* At December 31, 2014 and 2013, $3.2 billion and $2.8 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets.