VARIABLE INTEREST ENTITIES (Tables)

12 Months Ended

Dec. 31, 2012

VARIABLE INTEREST ENTITIES

Schedule of Consolidated Variable Interest Entities

	VIE Assets(a)					VIE Liabilities
(in billions)	December 31, 2012			December 31, 2011		December 31, 2012		December 31, 2011
AIA/ALICO SPVs	$	0.6	(b)	$	14.2	$	0.1	$	0.1
Real estate and investment funds(c)		1.0			1.5		0.2		0.4
Securitization Vehicles		2.4			–		–		–
Structured investment vehicles		1.7			1.0		0.1		–
Affordable housing partnerships		2.3			2.5		0.2		0.1
Other		3.3			3.6		1.3		2.0
Total	$	11.3		$	22.8	$	1.9	$	2.6

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

(b)     Decrease primarily due to the retirement of the AIA SPV Preferred Interests held by the Department of the Treasury. As a result, the AIA SPV no longer qualified as a VIE. Assets include $567 million of cash held in escrow pursuant to the terms of the ALICO stock purchase agreement between AIG and MetLife. See Note 16 herein for further discussion of the escrow arrangement.

(c)     At December 31, 2012 and December 31, 2011, off-balance sheet exposure with respect to real estate and investments funds was $48.7 million and $85.7 million, respectively.

Schedule of Unconsolidated Variable Interest Entities

			Maximum Exposure to Loss
(in billions)	Total VIE Assets		On-Balance Sheet		Off-Balance Sheet		Total
December 31, 2012
Real estate and investment funds	$	16.7	$	1.8	$	0.2	$	2.0
Affordable housing partnerships		0.5		0.5		–		0.5
Other		1.0		0.1		–		0.1
Total	$	18.2	$	2.4	$	0.2	$	2.6
December 31, 2011
Real estate and investment funds	$	18.3	$	2.1	$	0.3	$	2.4
Affordable housing partnerships		0.6		0.6		–		0.6
Maiden Lane II and III interests		27.1		7.0		–		7.0
Other		1.5		–		–		–
Total	$	47.5	$	9.7	$	0.3	$	10.0

Schedule of Assets And Liabilities of Variable Interest Entities by Balance Sheet Location

	Consolidated VIEs				Unconsolidated VIEs
(in billions)	December 31, 2012		December 31, 2011		December 31, 2012		December 31, 2011
Assets:
Available for sale securities	$	2.9	$	0.4	$	–	$	–
Trading securities		1.0		1.3		0.1		7.1
Mortgage and other loans receivable		0.4		0.5		–		–
Other invested assets*		4.0		17.2		2.3		2.6
Other asset accounts		3.0		3.4		–		–
Total	$	11.3	$	22.8	$	2.4	$	9.7
Liabilities:
Long-term debt	$	0.7	$	1.7	$	–	$	–
Other liability accounts		1.2		0.9		–		–
Total	$	1.9	$	2.6	$	–	$	–

*         Decrease from prior year was due to the repayment of the FRBNY Credit Facility from the AIA and ALICO SPVs pursuant to the Recapitalization.