AIG 2011 Annual Report Download - page 283

American International Group, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Actual maturities may differ from contractual maturities because certain borrowers have the right to call or
prepay certain obligations with or without call or prepayment penalties.
The following table presents the fair value of AIG’s trading securities:
December 31, 2011 December 31, 2010
Fair Percent Fair Percent
(in millions) Value of Total Value of Total
Fixed Maturities:
U.S. government and government sponsored entities $ 7,504 31% $ 6,902 21%
Non-U.S. governments 35 - 125 -
Corporate debt 816 3 912 3
State, territories and political subdivisions 257 1 316 1
Mortgage-backed, asset-backed and collateralized*:
RMBS 1,648 7 1,928 6
CMBS 1,837 7 2,078 6
CDO/ABS and other collateralized 5,282 22 6,331 19
Total mortgage-backed, asset-backed and collateralized 8,767 36 10,337 31
ML II 1,321 5 1,279 4
ML III 5,664 23 6,311 19
Total fixed maturities 24,364 99 26,182 79
Equity securities:
MetLife -- 6,494 20
All other 125 1 158 1
Total equity securities 125 1 6,652 21
Total $ 24,489 100% $ 32,834 100%
* Primarily United Kingdom and European structured products.
The following table summarizes Other invested assets:
December 31,
(in millions) 2011 2010
Category:
Alternative investments(a) $ 18,793 $ 19,463
Mutual funds 258 1,718
Investment real estate(b) 2,778 3,196
Aircraft asset investments(c) 1,100 1,381
Life settlement contracts 4,006 3,834
Retained interest in AIA 12,367 11,134
All other investments 1,442 1,484
Other invested assets $ 40,744 $ 42,210
(a) Includes hedge funds, private equity funds, affordable housing partnerships and other investment partnerships.
(b) Net of accumulated depreciation of $428 million and $536 million in 2011 and 2010, respectively.
(c) Consist primarily of SunAmerica investments in aircraft equipment held in trusts.
AIG 2011 Form 10-K 269
TRADING SECURITIES
OTHER INVESTED ASSETS