REINSURANCE (Tables)

12 Months Ended

Dec. 31, 2011

REINSURANCE

Supplemental information for gross loss and benefit reserves net of ceded reinsurance

	2011						2010
At December 31, (in millions)	As Reported			Net of Reinsurance			As Reported			Net of Reinsurance
Liability for unpaid claims and claims adjustment expense(a)	$	(91,145	)	$	(70,825	)	$	(91,151	)	$	(71,507	)
Future policy benefits for life and accident and health insurance contracts		(34,317	)		(33,312	)		(31,268	)		(30,234	)
Reserve for unearned premiums		(23,465	)		(19,553	)		(23,803	)		(19,927	)
Reinsurance assets(b)		25,237			-			24,554			-

(a)

In 2011, the Net of Reinsurance amount reflects the cession under the June 17, 2011 transaction with National Indemnity Company (NICO) of $1.7 billion.

(b)

Represents gross reinsurance assets, excluding allowances and reinsurance recoverable on paid losses.

Schedule of short-duration insurance premiums written and earned

		Chartis									Other Businesses*									Eliminations								Total
Years Ended December 31, (in millions)
		2011			2010			2009			2011			2010*			2009*			2011			2010		2009			2011			2010			2009
Premiums written:
	Direct	$	41,710		$	38,965		$	38,461		$	898		$	927		$	2,195		$	-		$	-	$	-		$	42,608		$	39,892		$	40,656
	Assumed		3,031			2,442			2,061			-			(2	)		2,628			2			-		(657	)		3,033			2,440			4,032
	Ceded		(9,901	)		(9,795	)		(9,869	)		(97	)		(169	)		(631	)		(2	)		-		657			(10,000	)		(9,964	)		(9,843	)
Total		$	34,840		$	31,612		$	30,653		$	801		$	756		$	4,192		$	-		$	-	$	-		$	35,641		$	32,368		$	34,845
Premiums earned:
	Direct	$	42,878		$	39,082		$	40,859		$	835		$	1,065		$	2,288		$	-		$	-	$	-		$	43,713		$	40,147		$	43,147
	Assumed		3,294			2,488			2,192			55			80			2,740			(46	)		-		(657	)		3,303			2,568			4,275
	Ceded		(10,483	)		(9,049	)		(10,790	)		(98	)		(170	)		(689	)		46			-		657			(10,535	)		(9,219	)		(10,822	)
Total		$	35,689		$	32,521		$	32,261		$	792		$	975		$	4,339		$	-		$	-	$	-		$	36,481		$	33,496		$	36,600

*

Includes results of Mortgage Guaranty and in 2009 only, also includes results of Transatlantic Holdings, Inc. (Transatlantic), which was deconsolidated during 2009, and 21^st Century Insurance Group (including Agency Auto Division and excluding Chartis Private Client Group) (21st Century) and HSB Group, Inc. (HSB), which were sold during 2009.

Schedule of premiums for entity's long-duration insurance and retirement services operations

	SunAmerica									Divested Businesses*									Eliminations							Total
Years Ended December 31, (in millions)
	2011			2010			2009			2011			2010			2009			2011		2010		2009			2011			2010			2009
Gross premiums	$	3,104		$	3,141		$	3,438		$	17		$	9,670		$	9,572		$	-	$	-	$	(4	)	$	3,121		$	12,811		$	13,006
Ceded premiums		(591	)		(621	)		(767	)		(6	)		(435	)		(342	)		-		-		4			(597	)		(1,056	)		(1,105	)
Total	$	2,513		$	2,520		$	2,671		$	11		$	9,235		$	9,230		$	-	$	-	$	-		$	2,524		$	11,755		$	11,901

*

Primarily represents results of AIA, which was deconsolidated during 2010.

Schedule of long-duration insurance in force ceded to other insurance companies

At December 31, (in millions)	2011		2010*		2009*
Long-duration insurance in force ceded	$	140,156	$	148,605	$	339,183

*

Excludes amounts related to held-for-sale entities.