EQUITY (Tables)

12 Months Ended

Dec. 31, 2015

EQUITY

Rollforward of common stock outstanding

	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Year Ended December 31, 2013
Shares, beginning of year	1,906,611,680	(430,289,745)	1,476,321,935
Shares issued	34,009	24,778	58,787
Shares repurchased	-	(12,317,399)	(12,317,399)
Shares, end of year	1,906,645,689	(442,582,366)	1,464,063,323
Year Ended December 31, 2014
Shares, beginning of year	1,906,645,689	(442,582,366)	1,464,063,323
Shares issued	25,803	15,748	41,551
Shares repurchased	-	(88,177,903)	(88,177,903)
Shares, end of year	1,906,671,492	(530,744,521)	1,375,926,971
Year Ended December 31, 2015
Shares, beginning of year	1,906,671,492	(530,744,521)	1,375,926,971
Shares issued	-	371,806	371,806
Shares repurchased	-	(182,382,160)	(182,382,160)
Shares, end of year	1,906,671,492	(712,754,875)	1,193,916,617

Accumulated Other Comprehensive Income (Loss)

	Unrealized Appreciation
	(Depreciation) of Fixed
	Maturity Investments			Unrealized
	on Which Other-Than-			Appreciation		Foreign		Retirement
	Temporary Credit			(Depreciation)		Currency		Plan
	Impairments			of All Other		Translation		Liabilities
(in millions)	Were Taken			Investments		Adjustments		Adjustment		Total
Balance, January 1, 2013, net of tax	$	575	$	13,446	$	(403)	$	(1,044)	$	12,574
Change in unrealized
appreciation (depreciation) of investments		464		(14,069)		-		-		(13,605)
Change in deferred policy
acquisition costs adjustment and other		(127)		1,000		-		-		873
Change in future policy benefits		79		2,658		-		-		2,737
Change in foreign currency
translation adjustments		-		-		(454)		-		(454)
Net actuarial gain		-		-		-		1,012		1,012
Prior service credit		-		-		-		(51)		(51)
Change in deferred tax asset (liability)		(55)		3,738		(102)		(330)		3,251
Total other comprehensive income (loss)		361		(6,673)		(556)		631		(6,237)
Noncontrolling interests		-		(16)		(7)		-		(23)
Balance, December 31, 2013, net of tax	$	936	$	6,789	$	(952)	$	(413)	$	6,360
Change in unrealized
appreciation of investments		156		7,564		-		-		7,720
Change in deferred policy
acquisition costs adjustment and other		68		(495)		-		-		(427)
Change in future policy benefits		(133)		(1,113)		-		-		(1,246)
Change in foreign currency
translation adjustments		-		-		(833)		-		(833)
Net actuarial loss		-		-		-		(815)		(815)
Prior service credit		-		-		-		(49)		(49)
Change in deferred tax asset (liability)		16		(418)		1		308		(93)
Total other comprehensive income (loss)		107		5,538		(832)		(556)		4,257
Noncontrolling interests		-		-		-		-		-
Balance, December 31, 2014, net of tax	$	1,043	$	12,327	$	(1,784)	$	(969)	$	10,617
Change in unrealized
depreciation of investments		(488)		(10,519)		-		-		(11,007)
Change in deferred policy
acquisition costs adjustment and other		(146)		1,265		-		-		1,119
Change in future policy benefits		92		1,112		-		-		1,204
Change in foreign currency
translation adjustments		-		-		(1,129)		-		(1,129)
Net actuarial gain		-		-		-		413		413
Prior service credit		-		-		-		(239)		(239)
Change in deferred tax asset (liability)		195		1,380		29		(51)		1,553
Total other comprehensive income (loss)		(347)		(6,762)		(1,100)		123		(8,086)
Noncontrolling interests		-		(1)		(5)		-		(6)
Balance, December 31, 2015, net of tax	$	696	$	5,566	$	(2,879)	$	(846)	$	2,537

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation
		(Depreciation) of Fixed
		Maturity Securities		Unrealized
		on Which Other-Than-		Appreciation		Foreign		Retirement
		Temporary Credit		(Depreciation)		Currency		Plan
		Impairments Were		of All Other		Translation		Liabilities
(in millions)		Recognized		Investments		Adjustments		Adjustment		Total
December 31, 2013
Unrealized change arising during period	$	507	$	(9,556)	$	(454)	$	851	$	(8,652)
Less: Reclassification adjustments
included in net income		91		855		-		(110)		836
Total other comprehensive income (loss),
before income tax expense (benefit)		416		(10,411)		(454)		961		(9,488)
Less: Income tax expense (benefit)		55		(3,738)		102		330		(3,251)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	361	$	(6,673)	$	(556)	$	631	$	(6,237)
December 31, 2014
Unrealized change arising during period	$	119	$	6,488	$	(833)	$	(866)	$	4,908
Less: Reclassification adjustments
included in net income		28		532		-		(2)		558
Total other comprehensive income (loss),
before income tax expense (benefit)		91		5,956		(833)		(864)		4,350
Less: Income tax expense (benefit)		(16)		418		(1)		(308)		93
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	107	$	5,538	$	(832)	$	(556)	$	4,257
December 31, 2015
Unrealized change arising during period	$	(471)	$	(7,068)	$	(1,129)	$	285	$	(8,383)
Less: Reclassification adjustments
included in net income		71		1,074		-		111		1,256
Total other comprehensive income (loss),
before income tax expense (benefit)		(542)		(8,142)		(1,129)		174		(9,639)
Less: Income tax expense (benefit)		(195)		(1,380)		(29)		51		(1,553)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(347)	$	(6,762)	$	(1,100)	$	123	$	(8,086)

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
Years Ended December 31,	Comprehensive Income						Affected Line Item in the
(in millions)	2015			2014		2013	Consolidated Statements of Income
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were recognized
Investments	$	71	$	28	$	91	Other realized capital gains
Total		71		28		91
Unrealized appreciation (depreciation) of all other investments
Investments		1,054		669		2,452	Other realized capital gains
Deferred acquisition costs adjustment		3		(20)		(28)	Amortization of deferred policy acquisition costs
Future policy benefits		17		(117)		(1,569)	Policyholder benefits and losses incurred
Total		1,074		532		855
Change in retirement plan liabilities adjustment
Prior-service costs		214		47		47	*
Actuarial gains/(losses)		(103)		(49)		(157)	*
Total		111		(2)		(110)
Total reclassifications for the period	$	1,256	$	558	$	836

* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 20 to the Consolidated Financial Statements.