VARIABLE LIFE AND ANNUITY CONTRACTS (Tables)

12 Months Ended

Dec. 31, 2015

VARIABLE LIFE AND ANNUITY CONTRACTS

Schedule of Account balances of variable annuity contracts with guarantees were invested in separate account investment

At December 31,
(in millions)		2015		2014
Equity funds	$	39,284	$	40,811
Bond funds		7,261		7,566
Balanced funds		24,849		22,354
Money market funds		826		797
Total	$	72,220	$	71,528

Schedule of details concerning entity's GMDB exposures, by benefit type

At December 31,	2015				2014
		Net Deposits				Net Deposits
		Plus a Minimum		Highest Contract		Plus a Minimum		Highest Contract
(dollars in billions)		Return		Value Attained		Return		Value Attained
Account value	$	87	$	16	$	85	$	17
Net amount at risk		2		1		1		1
Average attained age of contract holders by product		63		69		62		68
Range of guaranteed minimum return rates		0-4.5%				0%-5%

Schedule of changes in GMDB and GMIB liabilities for guarantees on variable contracts reflected in the general account

Years Ended December 31,
(in millions)		2015		2014		2013
Balance, beginning of year	$	420	$	394	$	413
Reserve increase		127		93		32
Benefits paid		(56)		(67)		(51)
Balance, end of year	$	491	$	420	$	394