VARIABLE INTEREST ENTITIES (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Consolidated Variable Interest Entities

(in millions)		Real Estate and Investment Entities^(d)		Securitization Vehicles		Structured Investment Vehicle		Affordable Housing Partnerships		Other		Total
March 31, 2015
Assets:
Bonds available for sale	$	-	$	11,389	$	-	$	-	$	34	$	11,423
Other bond securities		-		6,850		528		-		38		7,416
Mortgage and other loans receivable		-		2,359		-		-		155		2,514
Other invested assets		611		632		-		1,846		27		3,116
Other ^(a)		41		1,298		142		57		70		1,608
Total assets^(b)	$	652	$	22,528	$	670	$	1,903	$	324	$	26,077
Liabilities:
Long-term debt	$	68	$	1,318	$	52	$	265	$	6	$	1,709
Other ^(c)		37		247		1		140		33		458
Total liabilities	$	105	$	1,565	$	53	$	405	$	39	$	2,167

December 31, 2014
Assets:
Bonds available for sale	$	-	$	11,459	$	-	$	-	$	35	$	11,494
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	$	23,206	$	755	$	1,733	$	342	$	26,653
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

(a) Comprised primarily of Short-term investments, Premiums and other receivables and Other assets at both March 31, 2015 and December 31, 2014.

(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 March 31, 2015 and December 31, 2014.

(d) At March 31, 2015 and December 31, 2014, off-balance sheet exposure, primarily consisting of commitments to real estate and investment entities, was $81.9 million and $56.4 million, respectively.

Schedule of Unconsolidated Variable Interest Entities

			Maximum Exposure to Loss
		Total VIE		On-Balance		Off-Balance
(in millions)		Assets		Sheet^*		Sheet		Total
March 31, 2015
Real estate and investment entities	$	19,342	$	2,817	$	433	$	3,250
Affordable housing partnerships		7,760		405		-		405
Other		383		14		-		14
Total	$	27,485	$	3,236	$	433	$	3,669
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

* At both March 31, 2015 and December 31, 2014, $3.2 billion of our total unconsolidated VIE assets were recorded as Other invested assets.