EQUITY (Tables)

6 Months Ended

Jun. 30, 2013

EQUITY

Rollforward of common stock outstanding

	Common Stock Issued		Treasury Stock			Outstanding Shares
Six Months Ended June 30, 2013
Shares, beginning of year		1,906,611,680		(430,289,745	)		1,476,321,935
Issuances		2,092		23,984			26,076
Shares, end of period		1,906,613,772		(430,265,761	)		1,476,348,011

Accumulated Other Comprehensive Income (Loss)

(in millions)	Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Recognized			Unrealized Appreciation (Depreciation) of All Other Investments			Foreign Currency Translation Adjustments			Net Derivative Gains (Losses) Arising from Cash Flow Hedging Activities		Change in Retirement Plan Liabilities Adjustment			Total
Balance, December 31, 2012, net of tax	$	575		$	13,446		$	(403	)	$	–	$	(1,044	)	$	12,574
Change in unrealized appreciation (depreciation) of investments		355			(11,632	)		–			–		–			(11,277	)
Change in deferred acquisition costs adjustment and other		(87	)		630			–			–		–			543
Change in future policy benefits		49			2,491			–			–		–			2,540
Change in foreign currency translation adjustments		–			–			(566	)		–		–			(566	)
Net actuarial gain		–			–			–			–		104			104
Prior service credit		–			–			–			–		(27	)		(27	)
Change in deferred tax asset (liability)		(122	)		3,277			(12	)		–		(16	)		3,127
Total other comprehensive income (loss)		195			(5,234	)		(578	)		–		61			(5,556	)
Noncontrolling interests		–			(16	)		(5	)		–		–			(21	)
Balance, June 30, 2013, net of tax	$	770		$	8,228		$	(976	)	$	–	$	(983	)	$	7,039

Other comprehensive income (loss) reclassification adjustments

(in millions)	Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Recognized			Unrealized Appreciation (Depreciation) of All Other Investments			Foreign Currency Translation Adjustments			Net Derivative Gains (Losses) Arising from Cash Flow Hedging Activities			Change in Retirement Plan Liabilities Adjustment			Total
Three Months Ended June 30, 2013
Unrealized change arising during period	$	(102	)	$	(6,854	)	$	(273	)	$	–		$	8		$	(7,221	)
Less: Reclassification adjustments included in net income		6			152			–			–			(26	)		132
Total other comprehensive income (loss), before income tax expense (benefit)		(108	)		(7,006	)		(273	)		–			34			(7,353	)
Less: Income tax expense (benefit)		(21	)		(2,560	)		32			–			17			(2,532	)
Total other comprehensive income (loss), net of income tax expense (benefit)	$	(87	)	$	(4,446	)	$	(305	)	$	–		$	17		$	(4,821	)
Three Months Ended June 30, 2012
Unrealized change arising during period	$	26		$	2,149		$	(512	)	$	–		$	4		$	1,667
Less: Reclassification adjustments included in net income		(2	)		317			–			(4	)		(13	)		298
Total other comprehensive income (loss), before income tax expense (benefit)		28			1,832			(512	)		4			17			1,369
Less: Income tax expense (benefit)		11			527			(85	)		3			3			459
Total other comprehensive income (loss), net of income tax expense (benefit)	$	17		$	1,305		$	(427	)	$	1		$	14		$	910

(in millions)	Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Recognized			Unrealized Appreciation (Depreciation) of All Other Investments			Foreign Currency Translation Adjustments			Net Derivative Gains (Losses) Arising from Cash Flow Hedging Activities			Change in Retirement Plan Liabilities Adjustment			Total
Six Months Ended June 30, 2013
Unrealized change arising during period	$	372		$	(8,132	)	$	(566	)	$	–		$	26		$	(8,300	)
Less: Reclassification adjustments included in net income		55			379			–			–			(51	)		383
Total other comprehensive income (loss), before income tax expense (benefit)		317			(8,511	)		(566	)		–			77			(8,683	)
Less: Income tax expense (benefit)		122			(3,277	)		12			–			16			(3,127	)
Total other comprehensive income (loss), net of income tax expense (benefit)	$	195		$	(5,234	)	$	(578	)	$	–		$	61		$	(5,556	)
Six Months Ended June 30, 2012
Unrealized change arising during period	$	1,027		$	4,472		$	(425	)	$	(1	)	$	4		$	5,077
Less: Reclassification adjustments included in net income		(4	)		1,277			–			(9	)		(42	)		1,222
Total other comprehensive income (loss), before income tax expense (benefit)		1,031			3,195			(425	)		8			46			3,855
Less: Income tax expense (benefit)		401			909			(89	)		(15	)		14			1,220
Total other comprehensive income (loss), net of income tax expense (benefit)	$	630		$	2,286		$	(336	)	$	23		$	32		$	2,635

Schedule of effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Condensed Consolidated Statements of Income

	Amount Reclassified from Accumulated Other Comprehensive Income
(in millions)	Three Months Ended June 30, 2013			Six Months Ended June 30, 2013			Affected Line Item in the Condensed Consolidated Statements of Income
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
Investments	$	6		$	55		Other realized capital gains
Total		6			55
Unrealized appreciation (depreciation) of all other investments
Investments		1,306			1,592		Other realized capital gains
Deferred acquisition costs adjustment		(37	)		6		Amortization of deferred acquisition costs
Future policy benefits		(1,117	)		(1,219	)	Policyholder benefits and claims incurred
Total		152			379
Change in retirement plan liabilities adjustment
Prior-service costs		10			22		*
Actuarial gains/(losses)		(36	)		(73	)	*
Total		(26	)		(51	)
Total reclassifications for the period	$	132		$	383

*     These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 14 to the Condensed Consolidated Financial Statements.