GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2018

GOODWILL AND OTHER INTANGIBLE ASSETS

Schedule of changes in goodwill by reportable segment

	General Insurance
	North				Life			Other		Legacy
(in millions)	America		International		Insurance		Operations		Portfolio			Total
Balance at January 1, 2016:
Goodwill - gross	$	1,884	$	2,883	$	77	$	27	$	219	$	5,090
Accumulated impairments		(1,264)		(2,136)		-		-		(77)		(3,477)
Net goodwill		620		747		77		27		142		1,613
Increase (decrease) due to:
Dispositions		(6)		(6)		-		-		-		(12)
Other		-		(70)		-		-		(3)		(73)
Balance at December 31, 2016:
Goodwill - gross		1,878		2,807		77		27		216		5,005
Accumulated impairments		(1,264)		(2,136)		-		-		(77)		(3,477)
Net goodwill		614		671		77		27		139		1,528
Increase (decrease) due to:
Acquisitions		-		-		-		4		-		4
Dispositions		(10)		(7)		(6)		-		(2)		(25)
Other		-		74		13		-		-		87
Balance at December 31, 2017:
Goodwill - gross		1,868		2,874		84		31		214		5,071
Accumulated impairments		(1,264)		(2,136)		-		-		(77)		(3,477)
Net goodwill		604		738		84		31		137		1,594
Increase (decrease) due to:
Acquisitions*		2,332		157		46		9		-		2,544
Other		(12)		(48)		(5)		9		-		(56)
Balance at December 31, 2018:
Goodwill - gross		4,188		2,983		125		49		214		7,559
Accumulated impairments		(1,264)		(2,136)		-		-		(77)		(3,477)
Net goodwill	$	2,924	$	847	$	125	$	49	$	137	$	4,082

* Includes goodwill of $2.0 billion, $492 million and $46 million relating to the acquisitions of Validus, Glatfelter and Ellipse, respectively.

Changes in other intangible assets

	General Insurance
Year Ended December 31, 2018	North				Life			Other		Legacy
(in millions)	America		International		Insurance		Operations		Portfolio			Total
Other intangible assets, beginning of year	$	27	$	8	$	34	$	37	$	-	$	106
Increase (decrease) due to:
Acquisitions		61		207		16		-		-		284
Amortization		(2)		(3)		(4)		(2)		-		(11)
Other		-		-		-		(19)		-		(19)
Other intangible assets, end of year	$	86	$	212	$	46	$	16	$	-	$	360
Value of distribution network acquired, beginning of year	$	-	$	-	$	-	$	-	$	-	$	-
Increase (decrease) due to:
Acquisitions		-		-		-		582		-		582
Amortization		-		-		-		(15)		-		(15)
Other		-		-		-		2		-		2
Value of distribution network acquired, end of year	$	-	$	-	$	-	$	569	$	-	$	569