Schedule V Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2011

Schedule V Valuation and Qualifying Accounts

Schedule V Valuation and Qualifying Accounts

For the years ended December 31, 2011, 2010 and 2009

				Additions
(in millions)		Balance, Beginning of year		Charged to Costs and Expenses			Charge Offs			Activity of Discontinued Operations			Reclassified to Assets of Businesses Held for Sale			Divested Businesses			Other Changes*			Balance, End of year
2011
	Allowance for mortgage and other loans receivable	$	878	$	4		$	(125	)	$	-		$	-		$	-		$	(17	)	$	740
	Allowance for premiums and insurances balances receivable		515		63			(94	)		-			-			-			-			484
	Allowance for reinsurance assets		492		(116	)		(63	)		-			-			-			51			364
	Federal and foreign valuation allowance for deferred tax assets		25,773		(16,561	)		-			-			-			-			1,806			11,018
2010
	Allowance for mortgage and other loans receivable	$	2,444	$	369		$	(354	)	$	(126	)	$	(58	)	$	(1,474	)	$	77		$	878
	Allowance for premiums and insurances balances receivable		537		87			(113	)		(2	)		-			(7	)		13			515
	Allowance for reinsurance assets		440		3			14			(4	)		-			-			39			492
	Federal and foreign valuation allowance for deferred tax assets		23,705		1,486			-			1,292			-			-			(710	)		25,773
2009
	Allowance for mortgage and other loans receivable	$	1,680	$	1,010		$	(564	)	$	493		$	(204	)	$	-		$	29		$	2,444
	Allowance for premiums and insurances balances receivable		578		109			(74	)		3			-			-			(79	)		537
	Allowance for reinsurance assets		425		(35	)		102			-			-			-			(52	)		440
	Federal and foreign valuation allowance for deferred tax assets		20,896		3,137			-			(221	)		-			-			(107	)		23,705

*

Includes recoveries of amounts previously charged off and reclassifications to/from other accounts.