VARIABLE INTEREST ENTITIES (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Consolidated Variable Interest Entities

(in millions)		Real Estate and Investment Funds^(c)		Securitization Vehicles		Structured Investment Vehicles		Affordable Housing Partnerships		Other		Total
March 31, 2014
Assets:
Bonds available for sale	$	-	$	11,362	$	-	$	-	$	57	$	11,419
Other bond securities		-		8,002		731		-		113		8,846
Mortgage and other loans receivable		-		1,731		-		-		182		1,913
Other invested assets		654		-		-		1,941		761		3,356
Other assets		48		800		111		45		614		1,618
Total assets^(a)(b)	$	702	$	21,895	$	842	$	1,986	$	1,727	$	27,152
Liabilities:
Long-term debt	$	70	$	1,265	$	98	$	224	$	136	$	1,793
Other liabilities		37		295		1		87		221		641
Total liabilities	$	107	$	1,560	$	99	$	311	$	357	$	2,434
December 31, 2013
Assets:
Bonds available for sale	$	-	$	11,028	$	-	$	-	$	70	$	11,098
Other bond securities		-		7,449		748		-		113		8,310
Mortgage and other loans receivable		-		1,508		-		-		189		1,697
Other invested assets		849		-		-		1,986		793		3,628
Other assets		49		481		93		41		615		1,279
Total assets^(a)(b)	$	898	$	20,466	$	841	$	2,027	$	1,780	$	26,012
Liabilities:
Long-term debt	$	71	$	494	$	87	$	188	$	154	$	994
Other liabilities		31		74		-		83		367		555
Total liabilities	$	102	$	568	$	87	$	271	$	521	$	1,549

(a) The assets of each VIE can be used only to settle specific obligations of that VIE.

(b) At March 31, 2014 and December 31, 2013, includes approximately $21.8 billion and $21.4 billion, respectively, of investment-grade debt securities, loans and other assets held by certain securitization vehicles that issued beneficial interests in these investments. The majority of the beneficial interests issued are held by AIG.

(c) At both March 31, 2014 and December 31, 2013, off-balance sheet exposure, primarily consisting of commitments to real estate and investment funds, was $50.8 million.

Schedule of Unconsolidated Variable Interest Entities

			Maximum Exposure to Loss
		Total VIE		On-Balance		Off-Balance
(in millions)		Assets		Sheet^*		Sheet		Total
March 31, 2014
Real estate and investment funds	$	18,334	$	2,446	$	369	$	2,815
Affordable housing partnerships		478		478		-		478
Other		609		29		-		29
Total	$	19,421	$	2,953	$	369	$	3,322
December 31, 2013
Real estate and investment funds	$	17,572	$	2,343	$	289	$	2,632
Affordable housing partnerships		478		477		-		477
Other		708		37		-		37
Total	$	18,758	$	2,857	$	289	$	3,146

* At March 31, 2014 and December 31, 2013, $2.9 billion and $2.8 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets.