EQUITY (Tables)

6 Months Ended

Jun. 30, 2015

EQUITY

Rollforward of common stock outstanding

	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Six Months Ended June 30, 2015
Shares, beginning of year	1,906,671,492	(530,744,521)	1,375,926,971
Shares issued	-	27,089	27,089
Shares repurchased	-	(68,505,540)	(68,505,540)
Shares, end of period	1,906,671,492	(599,222,972)	1,307,448,520

Accumulated Other Comprehensive Income (Loss)

		Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Taken
				Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment
(in millions)										Total
Balance, December 31, 2014, net of tax	$	1,043	$	12,327	$	(1,784)	$	(969)	$	10,617
Change in unrealized depreciation of investments		(195)		(4,843)		-		-		(5,038)
Change in deferred acquisition costs adjustment and other		(9)		495		-		-		486
Change in future policy benefits		92		804		-		-		896
Change in foreign currency translation adjustments		-		-		(684)		-		(684)
Net actuarial gain		-		-		-		91		91
Prior service cost		-		-		-		(23)		(23)
Change in deferred tax asset (liability)		4		1,092		188		(12)		1,272
Total other comprehensive income (loss)		(108)		(2,452)		(496)		56		(3,000)
Noncontrolling interests		-		-		(3)		-		(3)
Balance, June 30, 2015, net of tax	$	935	$	9,875	$	(2,277)	$	(913)	$	7,620
Balance, December 31, 2013, net of tax	$	936	$	6,789	$	(952)	$	(413)	$	6,360
Change in unrealized appreciation of investments		199		7,517		-		-		7,716
Change in deferred acquisition costs adjustment and other		36		(629)		-		-		(593)
Change in future policy benefits		(143)		(1,185)		-		-		(1,328)
Change in foreign currency translation adjustments		-		-		(29)		-		(29)
Net actuarial gain		-		-		-		37		37
Prior service cost		-		-		-		(24)		(24)
Change in deferred tax asset (liability)		23		(563)		(82)		(6)		(628)
Total other comprehensive income (loss)		115		5,140		(111)		7		5,151
Noncontrolling interests		-		-		-		-		-
Balance, June 30, 2014, net of tax	$	1,051	$	11,929	$	(1,063)	$	(406)	$	11,511

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Taken
				Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment
(in millions)										Total
Three Months Ended June 30, 2015
Unrealized change arising during period	$	35	$	(4,475)	$	(52)	$	14	$	(4,478)
Less: Reclassification adjustments
included in net income		46		99		-		(23)		122
Total other comprehensive income (loss),
before income tax expense (benefit)		(11)		(4,574)		(52)		37		(4,600)
Less: Income tax expense (benefit)		25		(1,583)		(15)		10		(1,563)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(36)	$	(2,991)	$	(37)	$	27	$	(3,037)
Three Months Ended June 30, 2014
Unrealized change arising during period	$	21	$	2,909	$	73	$	10	$	3,013
Less: Reclassification adjustments
included in net income		10		165		-		(1)		174
Total other comprehensive income (loss),
before income tax expense		11		2,744		73		11		2,839
Less: Income tax expense (benefit)		(15)		389		26		13		413
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	26	$	2,355	$	47	$	(2)	$	2,426
Six Months Ended June 30, 2015
Unrealized change arising during period	$	(57)	$	(2,968)	$	(684)	$	21	$	(3,688)
Less: Reclassification adjustments
included in net income		55		576		-		(47)		584
Total other comprehensive income (loss),
before income tax expense (benefit)		(112)		(3,544)		(684)		68		(4,272)
Less: Income tax expense (benefit)		(4)		(1,092)		(188)		12		(1,272)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(108)	$	(2,452)	$	(496)	$	56	$	(3,000)
Six Months Ended June 30, 2014
Unrealized change arising during period	$	110	$	6,097	$	(29)	$	11	$	6,189
Less: Reclassification adjustments
included in net income		18		394		-		(2)		410
Total other comprehensive income (loss),
before income tax expense (benefit)		92		5,703		(29)		13		5,779
Less: Income tax expense (benefit)		(23)		563		82		6		628
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	115	$	5,140	$	(111)	$	7	$	5,151

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 Condensed Consolidated Statements of Income
	Three Months Ended June 30,
(in millions)		2015		2014
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken
Investments		$	46	$	10		Other realized capital gains
Total			46		10
Unrealized appreciation (depreciation) of all other investments
Investments			112		207		Other realized capital gains
Deferred acquisition costs adjustment			(30)		(30)		Amortization of deferred policy acquisition costs
Future policy benefits			17		(12)		Policyholder benefits and losses incurred
Total			99		165
Change in retirement plan liabilities adjustment
Prior - service cost			11		12		*
Actuarial losses			(34)		(13)		*
Total			(23)		(1)
Total reclassifications for the period		$	122	$	174
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income
	Six Months Ended June 30,
(in millions)		2015		2014
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken
Investments		$	55	$	18		Other realized capital gains
Total			55		18
Unrealized appreciation (depreciation) of all other investments
Investments			624		411		Other realized capital gains
Deferred acquisition costs adjustment			(65)		5		Amortization of deferred policy acquisition costs
Future policy benefits			17		(22)		Policyholder benefits and losses incurred
Total			576		394
Change in retirement plan liabilities adjustment
Prior - service cost			23		24		*
Actuarial losses			(70)		(26)		*
Total			(47)		(2)		-
Total reclassifications for the period		$	584	$	410		-

* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 12 to the Condensed Consolidated Financial Statements.