SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2016

Reconciliation of Revenue from Segments to Consolidated

The following tables reconcile segment revenues and earnings (loss) from continuing operations before income taxes to total revenues and earnings (loss) as reported on the consolidated statements of earnings (loss) and segment assets to total assets on the consolidated balance sheets.



	Three Months Ended March 31,
	2016			2015
	(In Millions)
Segment revenues:
Insurance⁽¹⁾	$	4,270		$	2,810
Investment Management⁽²⁾	769			763
Consolidation/elimination	(5		)	(6		)
Total Revenues	$	5,034		$	3,567


(1)	Includes investment expenses charged by AB of approximately $12 million and $12 million for the first quarters of 2016 and 2015, respectively, for services provided to the Insurance Segment.


(2)	Intersegment investment advisory and other fees of approximately $17 million and $18 million, for the first quarters of 2016 and 2015, respectively, are included in total revenues of the Investment Management segment.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated



	Three Months Ended March 31,
	2016		2015
	(In Millions)
Segment earnings (loss) from continuing operations, before income taxes:
Insurance	$	2,284	$	983
Investment Management	169		147
Consolidation/elimination	1		—
Total Earnings (Loss) from Continuing Operations, before income taxes	$	2,454	$	1,130

Reconciliation of Assets from Segment to Consolidated



	March 31, 2016			December 31, 2015
	(In Millions)
Segment assets:
Insurance	$	187,532		$	182,738
Investment Management⁽¹⁾	12,452			11,895
Consolidation/elimination	(1		)	(7		)
Total Assets	$	199,983		$	194,626

(1)

In accordance with SEC regulations, the assets of the Investment Management segment include securities with a fair value of $635 million and $460 million which have been segregated in a special reserve bank custody account at March 31, 2016 and December 31, 2015, respectively, for the exclusive benefit of securities broker-dealer or brokerage customers under the Exchange Act. They also include cash held in several special bank accounts for the exclusive benefit of customers. As of March 31, 2016 and December 31, 2015, $89 million and $55 million, respectively, of cash was segregated in these bank accounts.