GOODWILL (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill Disclosure

Schedule of changes in goodwill by reportable segment

	Liability and		Property and		Life		Personal			Other		Legacy
(in millions)	Financial Lines		Special Risks		Insurance		Insurance		Operations		Portfolio			Total
Balance at January 1, 2014:
Goodwill - gross	$	1,675	$	623	$	-	$	2,472	$	-	$	182	$	4,952
Accumulated impairments		(797)		(392)		-		(2,211)		-		(77)		(3,477)
Net goodwill		878		231		-		261		-		105		1,475
Increase (decrease) due to:
Acquisition		-		-		21		-		7		-		28
Other		(49)		-		-		-		-		-		(49)
Balance at December 31, 2014:
Goodwill - gross		1,626		623		21		2,472		7		182		4,931
Accumulated impairments		(797)		(392)		-		(2,211)		-		(77)		(3,477)
Net goodwill		829		231		21		261		7		105		1,454
Increase (decrease) due to:
Acquisition		-		96		55		-		20		37		208
Other		(50)		-		1		-		-		-		(49)
Balance at December 31, 2015:
Goodwill - gross		1,576		719		77		2,472		27		219		5,090
Accumulated impairments		(797)		(392)		-		(2,211)		-		(77)		(3,477)
Net goodwill		779		327		77		261		27		142		1,613
Increase (decrease) due to:
Dispositions		-		(12)		-		-		-		-		(12)
Other		(137)		67		-		-		-		(3)		(73)
Balance at December 31, 2016:
Goodwill - gross		1,439		774		77		2,472		27		216		5,005
Accumulated impairments		(797)		(392)		-		(2,211)		-		(77)		(3,477)
Net goodwill	$	642	$	382	$	77	$	261	$	27	$	139	$	1,528