AIG 2011 Annual Report Download - page 365

American International Group, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
investment strategy or economic conditions may warrant such a change. The expected asset return and any
contributions made by AIG together are expected to maintain the plan’s ability to meet all required benefit
obligations.
AIG is required to disclose the level of the fair value measurement of its plan assets. The inputs and
methodology used in determining the fair value of the plan assets are consistent with those used by AIG to
measure its assets as noted in Note 6 herein.
The following table presents information about AIG’s plan assets based on the level within the fair value
hierarchy in which the fair value measurement falls:
Non-U.S. Plans U.S. Plans
(in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
At December 31, 2011
Assets:
Cash & cash equivalents $114$-$-$114$9$-$-$9
Equity securities:
U.S.(a) 19 - - 19 1,449 13 - 1,462
International(b) 242 1 - 243 305 16 - 321
Fixed maturity securities:
U.S. investment grade(c) -----7941795
International investment grade(c) -139-139----
U.S. and international high yield(d) - 88 - 88 - 104 - 104
Mortgage and other asset-backed securities(e) -----8036116
Other fixed maturity securities -40141----
Other investment types:
Hedge funds(f) -----345-345
Commodities -----26-26
Private equity(g) ------223223
Insurance contracts - - 39 39 - 31 - 31
Total $ 375 $ 268 $ 40 $ 683 $ 1,763 $ 1,409 $ 260 $ 3,432
At December 31, 2010
Assets:
Cash & cash equivalents $ 41 $ 3 $ - $ 44 $ 37 $ - $ - $ 37
Equity securities:
U.S.(a) 24 - - 24 1,731 13 - 1,744
International(b) 407 112 - 519 278 18 - 296
Fixed maturity securities:
U.S. investment grade(c) - 10 - 10 - 478 1 479
International investment grade(c) 8219-227----
U.S. and international high yield(d) - 32 - 32 - 153 - 153
Mortgage and other asset-backed securities(e) -----4480124
Other investment types:
Hedge funds(f) -----332-332
Commodities -----19-19
Private equity(g) ------209209
Insurance contracts - 64 34 98 - 32 - 32
Total $ 480 $ 440 $ 34 $ 954 $ 2,046 $ 1,089 $ 290 $ 3,425
(a) Includes index funds that primarily track several indices including S&P 500 and S&P 600 in addition to other actively managed accounts,
comprised of investments in large cap companies.
AIG 2011 Form 10-K 351
ASSETS MEASURED AT FAIR VALUE