Schedule V Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2012

Schedule V Valuation and Qualifying Accounts

Schedule V Valuation and Qualifying Accounts

For the years ended December 31, 2012, 2011 and 2010

			Additions
(in millions)	Balance, Beginning of year		Charged to Costs and Expenses			Charge Offs			Activity of Discontinued Operations			Reclassified to Assets of Businesses Held for Sale			Divested Businesses			Other Changes*			Balance, End of year
2012
Allowance for mortgage and other loans receivable	$	740	$	(103	)	$	(43	)	$	(205	)	$	–		$	–		$	16		$	405
Allowance for premiums and insurances balances receivable		484		174			(36	)		–			–			–			2			624
Allowance for reinsurance assets		364		(4	)		(1	)		–			–			–			(21	)		338
Federal and foreign valuation allowance for deferred tax assets		11,047		(1,907	)		–			–			–			–			(1,104	)		8,036
2011
Allowance for mortgage and other loans receivable	$	878	$	(18)		$	(125	)	$	22		$	–		$	(55)		$	38		$	740
Allowance for premiums and insurances balances receivable		515		63			(94	)		–			–			–			–			484
Allowance for reinsurance assets		492		(116	)		(63	)		–			–			–			51			364
Federal and foreign valuation allowance for deferred tax assets		27,548		(18,307	)		–			–			–			–			1,806			11,047
2010
Allowance for mortgage and other loans receivable	$	2,444	$	348		$	(354	)	$	125		$	(58	)	$	(1,635	)	$	8		$	878
Allowance for premiums and insurances balances receivable		537		87			(113	)		(2	)		–			(7	)		13			515
Allowance for reinsurance assets		440		3			14			(4	)		–			–			39			492
Federal and foreign valuation allowance for deferred tax assets		25,605		1,361			–			1,292			–			–			(710	)		27,548

*         Includes recoveries of amounts previously charged off and reclassifications to/from other accounts.