REINSURANCE (Tables)

At December 31,		2015				2014
		As		Net of		As		Net of
(in millions)		Reported	Reinsurance			Reported	Reinsurance
Liability for unpaid losses and loss adjustment expenses^(a)	$	(74,942)	$	(60,603)	$	(77,260)	$	(61,612)
Future policy benefits for life and accident and health insurance contracts		(43,585)		(42,506)		(42,749)		(41,767)
Reserve for unearned premiums		(21,318)		(18,380)		(21,324)		(18,278)
Reinsurance assets^(b)		18,356				19,676

(a) In 2015 and 2014, the Net of Reinsurance amount reflects the cession under the June 17, 2011 transaction with National Indemnity Company (NICO) of $1.8 billion and $1.5 billion, respectively.

(b) Represents gross reinsurance assets, excluding allowances and reinsurance recoverable on paid losses.

At December 31,
(in millions)		2015		2014		2013^*
Long-duration insurance in force ceded	$	177,025	$	180,178	$	122,012

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

	Years Ended December 31,
	Non-Life Insurance Companies
(in millions)		2015		2014		2013
Premiums written:
Direct	$	37,698	$	39,375	$	39,833
Assumed		2,972		3,399		4,306
Ceded		(7,604)		(8,318)		(9,514)
Net	$	33,066	$	34,456	$	34,625
Premiums earned:
Direct	$	37,105	$	38,707	$	39,018
Assumed		2,659		3,258		3,516
Ceded		(7,593)		(8,140)		(8,585)
Net	$	32,171	$	33,825	$	33,949

Years Ended
December 31,	Life Insurance Companies						Run-off insurance lines						Total
(in millions)		2015		2014		2013		2015		2014		2013		2015		2014		2013
Gross premiums	$	5,234	$	4,059	$	4,155	$	6	$	11	$	9	$	5,240	$	4,070	$	4,164
Ceded premiums		(756)		(661)		(620)		-		-		-		(756)		(661)		(620)
Net	$	4,478	$	3,398	$	3,535	$	6	$	11	$	9	$	4,484	$	3,409	$	3,544