Schedule V Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2013

Schedule V Valuation and Qualifying Accounts

Schedule V Valuation and Qualifying Accounts

For the years ended December 31, 2013, 2012 and 2011

			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
2013
Allowance for mortgage
and other loans
receivable	$	405	$	20		$	(116	)	$	–		$	–	$	(6	)	$	9		$	312
Allowance for premiums
and insurances
balances receivable		624		14			(74	)		–			–		–			(4	)		560
Allowance for
reinsurance assets		338		(42	)		(31	)		–			–		–			11			276
Federal and foreign
valuation allowance for
deferred tax assets		8,036		(3,165	)		–			(40	)		–		–			(1,235	)		3,596
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

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