EQUITY (Tables)

9 Months Ended

Sep. 30, 2013

EQUITY

Rollforward of common stock outstanding

	Common Stock Issued		Treasury Stock			Common Stock Outstanding
Nine Months Ended September 30, 2013
Shares, beginning of year		1,906,611,680		(430,289,745	)		1,476,321,935
Shares issued		21,749		23,984			45,733
Shares repurchased		–		(4,023,946	)		(4,023,946	)
Shares, end of period		1,906,633,429		(434,289,707	)		1,472,343,722

Accumulated Other Comprehensive Income (Loss)

(in millions)	Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Recognized			Unrealized Appreciation (Depreciation) of All Other Investments			Foreign Currency Translation Adjustments			Net Derivative Gains (Losses) Arising from Cash Flow Hedging Activities		Change in Retirement Plan Liabilities Adjustment			Total
Balance, December 31, 2012, net of tax	$	575		$	13,446		$	(403	)	$	–	$	(1,044	)	$	12,574
Change in unrealized appreciation (depreciation) of investments		314			(13,048	)		–			–		–			(12,734	)
Change in deferred acquisition costs adjustment and other		(108	)		939			–			–		–			831
Change in future policy benefits		80			2,727			–			–		–			2,807
Change in foreign currency translation adjustments		–			–			(709	)		–		–			(709	)
Net actuarial gain		–			–			–			–		94			94
Prior service cost		–			–			–			–		(39	)		(39	)
Change in deferred tax asset (liability)		(114	)		3,714			82			–		(20	)		3,662
Total other comprehensive income (loss)		172			(5,668	)		(627	)		–		35			(6,088	)
Noncontrolling interests		–			(16	)		(7	)		–		–			(23	)
Balance, September 30, 2013, net of tax	$	747		$	7,794		$	(1,023	)	$	–	$	(1,009	)	$	6,509

Other comprehensive income (loss) reclassification adjustments

(in millions)	Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Recognized			Unrealized Appreciation (Depreciation) of All Other Investments			Foreign Currency Translation Adjustments			Net Derivative Gains (Losses) Arising from Cash Flow Hedging Activities			Change in Retirement Plan Liabilities Adjustment			Total
Three Months Ended September 30, 2013
Unrealized change arising during period	$	(30	)	$	(652	)	$	(143	)	$	–		$	(44	)	$	(869	)
Less: Reclassification adjustments included in net income		1			219			–			–			(22	)		198
Total other comprehensive loss, before income tax expense (benefit)		(31	)		(871	)		(143	)		–			(22	)		(1,067	)
Less: Income tax expense (benefit)		(8	)		(437	)		(94	)		–			4			(535	)
Total other comprehensive loss, net of income tax expense (benefit)	$	(23	)	$	(434	)	$	(49	)	$	–		$	(26	)	$	(532	)
Three Months Ended September 30, 2012
Unrealized change arising during period	$	922		$	3,600		$	258		$	(1	)	$	1		$	4,780
Less: Reclassification adjustments included in net income		16			198			–			(4	)		(19	)		191
Total other comprehensive income, before income tax expense		906			3,402			258			3			20			4,589
Less: Income tax expense (benefit)		409			1,071			18			1			(9	)		1,490
Total other comprehensive income, net of income tax expense (benefit)	$	497		$	2,331		$	240		$	2		$	29		$	3,099
Nine Months Ended September 30, 2013
Unrealized change arising during period	$	342		$	(8,784	)	$	(709	)	$	–		$	(18	)	$	(9,169	)
Less: Reclassification adjustments included in net income		56			598			–			–			(73	)		581
Total other comprehensive income (loss), before income tax expense (benefit)		286			(9,382	)		(709	)		–			55			(9,750	)
Less: Income tax expense (benefit)		114			(3,714	)		(82	)		–			20			(3,662	)
Total other comprehensive income (loss), net of income tax expense (benefit)	$	172		$	(5,668	)	$	(627	)	$	–		$	35		$	(6,088	)
Nine Months Ended September 30, 2012
Unrealized change arising during period	$	1,949		$	8,072		$	(167	)	$	(2	)	$	5		$	9,857
Less: Reclassification adjustments included in net income		12			1,475			–			(13	)		(61	)		1,413
Total other comprehensive income (loss), before income tax expense (benefit)		1,937			6,597			(167	)		11			66			8,444
Less: Income tax expense (benefit)		810			1,980			(71	)		(14	)		5			2,710
Total other comprehensive income (loss), net of income tax expense (benefit)	$	1,127		$	4,617		$	(96	)	$	25		$	61		$	5,734

Schedule of effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Condensed Consolidated Statements of Income

	Amount Reclassified from Accumulated Other Comprehensive Income
(in millions)	Three Months Ended September 30, 2013			Nine Months Ended September 30, 2013			Affected Line Item in the Condensed Consolidated Statements of Income
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
Investments	$	1		$	56		Other realized capital gains
Total		1			56
Unrealized appreciation (depreciation) of all other investments
Investments		501			2,093		Other realized capital gains
Deferred acquisition costs adjustment		(39	)		(33	)	Amortization of deferred acquisition costs
Future policy benefits		(243	)		(1,462	)	Policyholder benefits and claims incurred
Total		219			598
Change in retirement plan liabilities adjustment
Prior-service costs		13			35		*
Actuarial gains/(losses)		(35	)		(108	)	*
Total		(22	)		(73	)
Total reclassifications for the period	$	198		$	581

*     These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 14 to the Condensed Consolidated Financial Statements.