AIG 2011 Annual Report Download - page 270

American International Group, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Net Changes in
Realized and Unrealized Gains
Unrealized Accumulated Purchases, (Losses) Included
Fair value Gains (Losses) Other Sales, Activity of Fair value in Income on
Beginning Included Comprehensive Issuances and Net Discontinued End Instruments Held
(in millions) of Year(a) in Income Income Settlements, Net Transfers Operations of Year at End of Year
December 31, 2010
Assets:
Bonds available for sale:
Obligations of states,
municipalities and
political subdivisions $ 613 $ (59) $ 5 $ (121) $ 171 $ - $ 609 $ -
Non-U.S. governments 753 - 3 29 (39) (741) 5 -
Corporate debt 4,791 (44) 122 (322) (1,813) (472) 2,262 -
RMBS 6,654 (700) 1,847 (2,497) 1,106 (43) 6,367 -
CMBS 4,939 (801) 2,055 (668) 146 (2,067) 3,604 -
CDO/ABS 4,724 110 605 (667) (19) (512) 4,241 -
Total bonds available for sale 22,474 (1,494) 4,637 (4,246) (448) (3,835) 17,088 -
Bond trading securities:
U.S. government and
government sponsored
entities 16 - - - - (16) - -
Non-U.S. governments 56 - - (32) (11) (13) - -
Corporate debt 121 (3) - (7) - (111) - (6)
RMBS 4 (24) - (7) 118 - 91 (19)
CMBS 325 50 - 19 210 (98) 506 146
CDO/ABS 6,865 2,876 - (144) 4 (170) 9,431 1,407(b)
Total bond trading securities 7,387 2,899 - (171) 321 (408) 10,028 1,528
Equity securities available
for sale:
Common stock 35 (2) 38 4 (5) (9) 61 -
Preferred stock 54 (5) 6 8 1 - 64 -
Mutual funds 6 - 3 11 (2) (18) - -
Total equity securities
available for sale 95 (7) 47 23 (6) (27) 125 -
Equity securities trading 8 - - 1 - (8) 1 -
Other invested assets 6,910 355 149 (1,075) 1,474 (399) 7,414 (516)
Other assets 270 - - (270) - - - -
Separate account assets 1 - - - - (1) - -
Total $ 37,145 $ 1,753 $ 4,833 $ (5,738) $ 1,341 $ (4,678) $ 34,656 $ 1,012
Liabilities:
Policyholder contract
deposits $ (5,214) $ 175 $ - $ (544) $ - $ 5,138 $ (445) $ (609)
Derivative liabilities, net:
Interest rate contracts (1,469) (20) - 1,230 991 - 732 (61)
Foreign exchange
contracts 29 7 - (2) - (18) 16 9
Equity contracts 74 (27) - (44) 20 (1) 22 (4)
Commodity contracts 22 3 - (2) - - 23 3
Credit contracts (4,545) 880 - (131) (2) - (3,798) 993
Other contracts (176) (61) - 69 49 7 (112) (86)
Total derivatives liabilities,
net (6,065) 782 - 1,120 1,058 (12) (3,117) 854
Other long-term debt(c) (881) (237) - 743 (607) - (982) (275)
Total $ (12,160) $ 720 $ - $ 1,319 $ 451 $ 5,126 $ (4,544) $ (30)
(a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only.
(b) In 2011, AIG made revisions to the presentation to include income from ML III. The prior periods have been revised to conform to the current period
presentation.
(c) Includes GIAs, notes, bonds, loans and mortgages payable.
256 AIG 2011 Form 10-K