Variable Interest Entities ("VIE's") (Tables)

3 Months Ended

Mar. 31, 2016



	Amount and
	Date of Issuance
	$400	$200
	December	April
	2006	2007
Original attachment point (subordination)	5.50%	2.05%
Current attachment point (subordination)	4.21%	1.48%
Maturity	12/20/2016	3/20/2017
Current rating of tranche	A-	BB
Current rating of underlying reference obligations	AA - B	AAA - CCC
Number of defaults in underlying reference obligations	3	2
Number of entities	123	99
Number of countries	20	21



		As of March 31, 2016							As of December 31, 2015
		Number							Number
		of		Notional		Carrying			of		Notional		Carrying
	Instruments			Amounts		Value		Instruments			Amounts		Value
Assets
Fixed maturity securities:
Asset-backed credit card loans (1)			N/A	$	-	$	599			N/A	$	-	$	598
Total return swap			1		476		-			1		479		-
Credit default swaps (2)			2		600		2			-		-		-
Total assets			3	$	1,076	$	601			1	$	479	$	598

Liabilities
Non-qualifying hedges:
Credit default swaps			-	$	-	$	-			2	$	600	$	4
Contingent forwards			2		-		-			2		-		-
Total liabilities (3)			2	$	-	$	-			4	$	600	$	4

⁽¹⁾

Reported in variable interest entities’ fixed maturity securities on our Consolidated Balance Sheets.

⁽²⁾

Reported in other investments on our Consolidated Balance Sheets.

⁽³⁾

Reported in variable interest entities’ liabilities on our Consolidated Balance Sheets.

⁽¹⁾

Reported in realized gain (loss) on our Consolidated Statements of Comprehensive Income (Loss).