EQUITY (Tables)

3 Months Ended

Mar. 31, 2016

EQUITY

Rollforward of common stock outstanding

	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Three Months Ended March 31, 2016
Shares, beginning of year	1,906,671,492	(712,754,875)	1,193,916,617
Shares issued	-	10,968	10,968
Shares repurchased	-	(63,189,226)	(63,189,226)
Shares, end of period	1,906,671,492	(775,933,133)	1,130,738,359

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, 2015, net of tax	$	696	$	5,566	$	(2,879)	$	(846)	$	2,537
Change in unrealized appreciation (depreciation) of investments		(548)		5,083		-		-		4,535
Change in deferred policy acquisition costs adjustment and other		15		(360)		-		-		(345)
Change in future policy benefits		-		(728)		-		-		(728)
Change in foreign currency translation adjustments		-		-		(132)		-		(132)
Change in net actuarial loss		-		-		-		12		12
Change in prior service cost		-		-		-		(7)		(7)
Change in deferred tax asset (liability)		184		(568)		40		(3)		(347)
Total other comprehensive income (loss)		(349)		3,427		(92)		2		2,988
Noncontrolling interests		-		-		-		-		-
Balance, March 31, 2016, net of tax	$	347	$	8,993	$	(2,971)	$	(844)	$	5,525
Balance, December 31, 2014, net of tax	$	1,043	$	12,327	$	(1,784)	$	(969)	$	10,617
Change in unrealized appreciation (depreciation) of investments		(59)		1,330		-		-		1,271
Change in deferred policy acquisition costs adjustment and other		(19)		80		-		-		61
Change in future policy benefits		(23)		(380)		-		-		(403)
Change in foreign currency translation adjustments		-		-		(632)		-		(632)
Change in net actuarial loss		-		-		-		43		43
Change in prior service credit		-		-		-		(12)		(12)
Change in deferred tax asset (liability)		29		(491)		173		(2)		(291)
Total other comprehensive income (loss)		(72)		539		(459)		29		37
Noncontrolling interests		-		-		(3)		-		(3)
Balance, March 31, 2015, net of tax	$	971	$	12,866	$	(2,240)	$	(940)	$	10,657

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation
		(Depreciation) of Fixed
		Maturity Investments		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
March 31, 2016
Unrealized change arising during period	$	(458)	$	3,640	$	(132)	$	1	$	3,051
Less: Reclassification adjustments
included in net income		75		(355)		-		(4)		(284)
Total other comprehensive income (loss),
before income tax expense (benefit)		(533)		3,995		(132)		5		3,335
Less: Income tax expense (benefit)		(184)		568		(40)		3		347
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(349)	$	3,427	$	(92)	$	2	$	2,988
March 31, 2015
Unrealized change arising during period	$	(92)	$	1,507	$	(632)	$	7	$	790
Less: Reclassification adjustments
included in net income		9		477		-		(24)		462
Total other comprehensive income (loss),
before income tax expense (benefit)		(101)		1,030		(632)		31		328
Less: Income tax expense (benefit)		(29)		491		(173)		2		291
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(72)	$	539	$	(459)	$	29	$	37

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
	Three Months Ended March 31,					Affected Line Item in the
(in millions)			2016		2015	Condensed Consolidated Statements of Income
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
Investments		$	75	$	9	Other realized capital gains
Total			75		9
Unrealized appreciation (depreciation) of
all other investments
Investments			(413)		512	Other realized capital gains
Deferred policy acquisition costs adjustment			58		(35)	Amortization of deferred policy acquisition costs
Future policy benefits			-		-	Policyholder benefits and losses incurred
Total			(355)		477
Change in retirement plan liabilities adjustment
Prior-service costs			4		12	*
Actuarial losses			(8)		(36)	*
Total			(4)		(24)
Total reclassifications for the period		$	(284)	$	462

* 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.