AIG 2005 Annual Report Download - page 185

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AMERICAN INTERNATIONAL GROUP, INC. AND SUBSIDIARIES
23. Information Provided in Connection With Outstanding Debt
The following condensed consolidating financial statements are provided in compliance with Regulation S-X of the SEC.
(a) AGC is a holding company and a wholly owned subsidiary of AIG. AIG provides a full and unconditional guarantee of all
outstanding debt of AGC.
AMERICAN GENERAL CORPORATION (AGC):
CONDENSED CONSOLIDATING BALANCE SHEET
American
International
Group, Inc. AGC Other Consolidated
(in millions) Guarantor Issuer Subsidiaries Eliminations AIG
December 31, 2005
Assets:
Invested assets $ 1,392 $ $ 691,349 $ (13,696) $ 679,045
Cash 190 – 1,707 1,897
Carrying value of subsidiaries and partially owned companies,
at equity 90,723 27,027 15,577 (132,169) 1,158
Other assets 2,768 2,577 167,252 (1,327) 171,270
Total assets $ 95,073 $ 29,604 $ 875,885 $ (147,192) $ 853,370
Liabilities:
Insurance liabilities $ 408 $ $ 460,271 $ (56) $ 460,623
Debt 4,607 2,087 115,212 (12,057) 109,849
Other liabilities 3,741 4,110 191,598 (3,054) 196,395
Total liabilities 8,756 6,197 767,081 (15,167) 766,867
Preferred shareholders’ equity in subsidiary companies – 186 186
Total shareholders’ equity 86,317 23,407 108,618 (132,025) 86,317
Total liabilities, preferred shareholders’ equity in subsidiary
companies and shareholders’ equity $ 95,073 $ 29,604 $ 875,885 $ (147,192) $ 853,370
December 31, 2004
Assets:
Invested assets $ 1,027 $ $650,238 $ (12,984) $638,281
Cash 17 – 1,992 2,009
Carrying value of subsidiaries and partially owned companies,
at equity 80,966 26,179 12,763 (118,413) 1,495
Other assets 2,786 2,546 154,417 (389) 159,360
Total assets $84,796 $28,725 $819,410 $(131,786) $801,145
Liabilities:
Insurance liabilities $ 405 $ $428,130 $ (69) $428,466
Debt 3,647 2,482 103,027 (12,257) 96,899
Other liabilities 1,071 4,076 191,967 (1,206) 195,908
Total liabilities 5,123 6,558 723,124 (13,532) 721,273
Preferred shareholders’ equity in subsidiary companies 199 199
Total shareholders’ equity 79,673 22,167 96,087 (118,254) 79,673
Total liabilities, preferred shareholders’ equity in subsidiary
companies and shareholders’ equity $84,796 $28,725 $819,410 $(131,786) $801,145
AIG m Form 10-K 133