AIG 2011 Annual Report Download - page 280

American International Group, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The following table presents the amortized cost or cost and fair value of AIG’s available for sale securities and
other invested assets carried at fair value:
Other-Than-
Amortized Gross Gross Temporary
Cost or Unrealized Unrealized Fair Impairments
(in millions) Cost Gains Losses Value in AOCI(a)
December 31, 2011
Bonds available for sale:
U.S. government and government sponsored entities $ 5,661 $ 418 $ (1) $ 6,078 $ -
Obligations of states, municipalities and political
subdivisions 35,017 2,554 (73) 37,498 (28)
Non-U.S. governments 24,568 1,269 (102) 25,735 -
Corporate debt 134,974 11,569 (1,725) 144,818 115
Mortgage-backed, asset-backed and collateralized:
RMBS 34,780 1,387 (1,563) 34,604 (716)
CMBS 8,449 470 (973) 7,946 (276)
CDO/ABS 7,321 454 (473) 7,302 49
Total mortgage-backed, asset-backed and collateralized 50,550 2,311 (3,009) 49,852 (943)
Total bonds available for sale(b) 250,770 18,121 (4,910) 263,981 (856)
Equity securities available for sale:
Common stock 1,682 1,839 (100) 3,421 -
Preferred stock 83 60 - 143 -
Mutual funds 55 6 (1) 60 -
Total equity securities available for sale 1,820 1,905 (101) 3,624 -
Other invested assets carried at fair value(c) 5,155 1,611 (269) 6,497 -
Total $ 257,745 $ 21,637 $ (5,280) $ 274,102 $ (856)
December 31, 2010
Bonds available for sale:
U.S. government and government sponsored entities $ 7,239 $ 184 $ (73) $ 7,350 $ -
Obligations of states, municipalities and political
subdivisions 45,297 1,725 (402) 46,620 2
Non-U.S. governments 16,142 741 (75) 16,808 (28)
Corporate debt 117,367 8,725 (1,198) 124,894 99
Mortgage-backed, asset-backed and collateralized:
RMBS 20,661 700 (1,553) 19,808 (648)
CMBS 7,320 240 (1,149) 6,411 (218)
CDO/ABS 6,643 402 (634) 6,411 32
Total mortgage-backed, asset-backed and collateralized 34,624 1,342 (3,336) 32,630 (834)
Total bonds available for sale(b) 220,669 12,717 (5,084) 228,302 (761)
Equity securities available for sale:
Common stock 1,820 1,931 (52) 3,699 -
Preferred stock 400 88 (1) 487 -
Mutual funds 351 46 (2) 395 -
Total equity securities available for sale 2,571 2,065 (55) 4,581 -
Other invested assets carried at fair value(c) 5,392 1,256 (60) 6,588 -
Total(d) $ 228,632 $ 16,038 $ (5,199) $ 239,471 $ (761)
(a) Represents the amount of other-than-temporary impairment losses recognized in Accumulated other comprehensive income. This amount
includes unrealized gains and losses on impaired securities relating to changes in the value of such securities subsequent to the impairment
measurement date.
266 AIG 2011 Form 10-K
7. INVESTMENTS
SECURITIES AVAILABLE FOR SALE AND OTHER INVESTED ASSETS CARRIED
AT FAIR VALUE