HELD-FOR-SALE CLASSIFICATION (Tables)

6 Months Ended

Jun. 30, 2017

HELD-FOR-SALE CLASSIFICATION

Summary of assets and liabilities held for sale

The following table summarizes the components of assets and liabilities held-for-sale on the Condensed Consolidated Balance Sheets at June 30,2017 and December 31, 2016*:

		June 30,	December 31,
(in millions)		2017		2016
Assets:
Fixed maturity securities	$	147	$	6,045
Equity securities		9		149
Mortgage and other loans receivable, net		2		137
Other invested assets		33		2
Short-term investments		137		130
Cash		67		133
Accrued investment income		3		21
Premiums and other receivables, net of allowance		276		351
Reinsurance assets, net of allowance		-		8
Deferred policy acquisition costs		-		471
Other assets		41		273
Assets of businesses held for sale		715		7,720
Less: Loss Accrual		(160)		(521)
Total assets held for sale	$	555	$	7,199
Liabilities:
Liability for unpaid losses and loss adjustment expenses	$	410	$	402
Unearned premiums		274		297
Future policy benefits for life and accident and health insurance contracts		-		4,579
Other policyholder funds		-		378
Long-term debt		6		-
Other liabilities		137		450
Total liabilities held for sale	$	827	$	6,106

* Excludes net intercompany assets of $394 million and $384 million at June 30, 2017 and December 31, 2016, respectively, that are eliminated in consolidation.