VARIABLE LIFE AND ANNUITY CONTRACTS (Tables)

12 Months Ended

Dec. 31, 2016

VARIABLE LIFE AND ANNUITY CONTRACTS

Schedule of Account balances of variable annuity contracts with guarantees were invested in separate account investment

At December 31,
(in millions)		2016		2015
Equity funds	$	42,266	$	39,284
Bond funds		7,798		7,261
Balanced funds		25,365		24,849
Money market funds		840		826
Total	$	76,269	$	72,220

Schedule of details concerning entity's GMDB exposures, by benefit type

At December 31,	2016				2015
		Net Deposits				Net Deposits
		Plus a Minimum		Highest Contract		Plus a Minimum		Highest Contract
(dollars in billions)		Return		Value Attained		Return		Value Attained
Account value	$	91	$	16	$	87	$	16
Net amount at risk		1		1		2		1
Average attained age of contract holders by product		63		68		63		69
Range of guaranteed minimum return rates		0%-4.5%				0%-4.5%

Schedule of changes in GMDB and GMIB liabilities for guarantees on variable contracts reflected in the general account

Years Ended December 31,
(in millions)		2016		2015		2014
Balance, beginning of year	$	491	$	420	$	394
Reserve increase (decrease)		(32)		127		93
Benefits paid		(57)		(56)		(67)
Balance, end of year	$	402	$	491	$	420