Variable Interest Entities ("VIE's") (Tables)

3 Months Ended

Mar. 31, 2014

Variable Interest Entities [Abstract]

CLN Structures Summary Information

	Amount and Date of Issuance
		$400	$200
		December	April
		2006	2007
Original attachment point (subordination)		5.50%	2.05%
Current attachment point (subordination)		4.17%	1.48%
Maturity		12/20/2016	3/20/2017
Current rating of tranche		BB+	Ba2
Current rating of underlying collateral pool		Aa1-B1	Aaa-Caa2
Number of defaults in underlying collateral pool		2	2
Number of entities		124	99
Number of countries		20	21

CLN Structures' Underlying Collateral By Industry And Rating

	AAA	AA	A	BBB	BB	B	CCC	Total
Industry
Financial intermediaries	0.0%	2.1%	6.3%	2.1%	0.0%	0.0%	0.0%	10.5%
Telecommunications	0.0%	0.0%	3.5%	5.5%	2.0%	0.0%	0.0%	11.0%
Oil and gas	0.3%	2.1%	1.0%	4.6%	0.0%	0.0%	0.0%	8.0%
Utilities	0.0%	0.0%	2.6%	2.0%	0.0%	0.0%	0.0%	4.6%
Chemicals and plastics	0.0%	0.0%	2.3%	1.2%	0.3%	0.0%	0.0%	3.8%
Drugs	0.3%	2.2%	1.2%	0.0%	0.0%	0.0%	0.0%	3.7%
Retailers (except food
and drug)	0.0%	0.0%	2.1%	0.9%	0.5%	0.0%	0.0%	3.5%
Industrial equipment	0.0%	0.0%	2.6%	0.7%	0.0%	0.0%	0.0%	3.3%
Sovereign	0.0%	0.7%	1.5%	1.0%	0.0%	0.0%	0.0%	3.2%
Conglomerates	0.0%	2.3%	0.9%	0.0%	0.0%	0.0%	0.0%	3.2%
Forest products	0.0%	0.0%	0.5%	1.1%	1.4%	0.0%	0.0%	3.0%
Other	0.0%	4.6%	15.0%	17.4%	4.2%	0.7%	0.3%	42.2%
Total	0.6%	14.0%	39.5%	36.5%	8.4%	0.7%	0.3%	100.0%

Consolidated Variable Interest Entity Asset and Liability information

		As of March 31, 2014							As of December 31, 2013
		Number							Number
		of		Notional		Carrying			of		Notional		Carrying
	Instruments			Amounts		Value		Instruments			Amounts		Value
Assets
Fixed maturity securities:
Asset-backed credit card loans			N/A	$	-	$	597			N/A	$	-	$	595
U.S. government bonds			N/A		-		-			N/A		-		102
Total return swap			1		361		-			1		361		-
Total assets (1)			1	$	361	$	597			1	$	361	$	697
Liabilities
Non-qualifying hedges:
Credit default swaps			2	$	600	$	22			2	$	600	$	27
Contingent forwards			2		-		-			2		-		-
Total liabilities (2)			4	$	600	$	22			4	$	600	$	27

⁽¹⁾ Reported in variable interest entities’ fixed maturity securities on our Consolidated Balance Sheets.

⁽²⁾ Reported in variable interest entities’ liabilities on our Consolidated Balance Sheets.

Consolidated Variable Interest Entity Settlement Payments and Mark-to-Market Adjustments

	For the Three
	Months Ended
	March 31,
	2014		2013
Non-Qualifying Hedges
Credit default swaps	$	5	$	15
Contingent forwards		-		-
Total non-qualifying hedges (1)	$	5	$	15

⁽¹⁾ Reported in realized gain (loss) on our Consolidated Statements of Comprehensive Income (Loss).