AIG 2011 Annual Report Download - page 212

American International Group, Inc.
Consolidated Balance Sheet (Continued)
December 31, December 31,
(in millions, except for share data) 2011 2010
Liabilities:
Liability for unpaid claims and claims adjustment expense $ 91,145 $ 91,151
Unearned premiums 23,465 23,803
Future policy benefits for life and accident and health insurance contracts 34,317 31,268
Policyholder contract deposits (portion measured at fair value: 2011 – $918; 2010 – $445) 126,898 121,373
Other policyholder funds 6,691 6,758
Current and deferred income taxes -2,369
Derivative liabilities, at fair value 4,733 5,735
Other liabilities (portion measured at fair value: 2011 – $907; 2010 – $2,619) 27,554 29,108
Federal Reserve Bank of New York credit facility (see Note 1) -20,985
Other long-term debt (portion measured at fair value: 2011 – $10,766; 2010 – $12,143) 75,253 85,476
Separate account liabilities 51,388 54,432
Liabilities held for sale -97,312
Total liabilities 441,444 569,770
Commitments, contingencies and guarantees (see Note 16)
Redeemable noncontrolling interests (see Note 1):
Nonvoting, callable, junior preferred interests held by Department of the Treasury 8,427 -
Other 96 434
Total redeemable noncontrolling interests 8,523 434
AIG shareholders’ equity (see Note 1):
Preferred stock
Series E; $5.00 par value; shares issued: 2011 – 0; 2010 – 400,000, at aggregate liquidation
value -41,605
Series F; $5.00 par value; shares issued: 2011 – 0; 2010 – 300,000, aggregate liquidation
value: $7,543 -7,378
Series C; $5.00 par value; shares issued: 2011 – 0; 2010 – 100,000, aggregate liquidation
value: $0.5 -23,000
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued:
2011 – 1,906,568,099; 2010 – 147,124,067 4,766 368
Treasury stock, at cost; 2011 – 9,746,617; 2010 – 6,660,908 shares of common stock (942) (873)
Additional paid-in capital 81,787 9,683
Retained earnings (accumulated deficit) 14,332 (3,466)
Accumulated other comprehensive income 5,008 7,624
Total AIG shareholders’ equity 104,951 85,319
Non-redeemable noncontrolling interests (see Note 1):
Nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of
New York -26,358
Other (including $204 associated with businesses held for sale in 2010) 855 1,562
Total non-redeemable noncontrolling interests 855 27,920
Total equity 105,806 113,239
Total liabilities and equity $ 555,773 $ 683,443
See Accompanying Notes to Consolidated Financial Statements.
198 AIG 2011 Form 10-K