VARIABLE INTEREST ENTITIES (Tables)

6 Months Ended

Jun. 30, 2015

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
June 30, 2015
Assets:
Bonds available for sale	$	-	$	11,022	$	-	$	-	$	25	$	11,047
Other bond securities		-		6,751		491		-		42		7,284
Mortgage and other loans receivable		1		2,602		-		-		146		2,749
Other invested assets		624		596		-		1,782		24		3,026
Other (a)		52		1,056		53		57		90		1,308
Total assets(b)	$	677	$	22,027	$	544	$	1,839	$	327	$	25,414
Liabilities:
Long-term debt	$	41	$	1,246	$	57	$	265	$	6	$	1,615
Other (c)		48		245		-		141		43		477
Total liabilities	$	89	$	1,491	$	57	$	406	$	49	$	2,092
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 June 30,2015 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 June 30,2015 and December 31,2014.

(d) At June 30,2015 and December 31,2014, off-balance sheet exposure, primarily consisting of commitments to real estate and investment entities, was $96.4 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(a)		Sheet		Total
June 30, 2015
Real estate and investment entities	$	19,639	$	3,022	$	425	$	3,447
Affordable housing partnerships		7,694		407		-		407
Other		1,111		221		992		1,213
Total	$	28,444	$	3,650	$	1,417	$	5,067
December 31, 2014
Real estate and investment entities	$	19,949	$	2,785	$	454	$	3,239
Affordable housing partnerships		7,911		425		-		425
Other(b)		1,959		304		992		1,296
Total	$	29,819	$	3,514	$	1,446	$	4,960

(a)At June 30,2015 and December 31,2014, $3.4 billion and $3.2 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets.

(b) The On-Balance and Off-Balance sheet amounts have been revised from $32 million and $0 to $304 million and $992 million, respectively, to correct the Maximum Exposure to Loss as of December 31, 2014, which are not considered material to previously issued financial statements.