AIG 2011 Annual Report Download - page 376

American International Group, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The following condensed consolidating financial statements reflect the results of SunAmerica Financial
Group, Inc. (SAFG, Inc.), formerly known as AIG Life Holdings (U.S.), Inc. (AIGLH), a holding company and a
wholly owned subsidiary of AIG. AIG provides a full and unconditional guarantee of all outstanding debt of
SAFG, Inc.
American
International Reclassifications
Group, Inc. Other and Consolidated
(in millions) (As Guarantor) SAFG, Inc. Subsidiaries Eliminations AIG
December 31, 2011
Assets:
Short-term investments $ 12,868 $ - $ 14,110 $ (4,406) $ 22,572
Other investments(a) 6,599 - 481,525 (100,258) 387,866
Total investments 19,467 - 495,635 (104,664) 410,438
Cash 176 13 1,285 - 1,474
Loans to subsidiaries(b) 39,971 - (39,971) - -
Debt issuance costs 196 - 297 - 493
Investment in consolidated subsidiaries(b) 83,215 34,338 (11,600) (105,953) -
Other assets, including current and deferred
income taxes 24,317 2,704 120,644 (4,297) 143,368
Total assets $ 167,342 $ 37,055 $ 566,290 $ (214,914) $ 555,773
Liabilities:
Insurance liabilities $ - $ - $ 282,790 $ (274) $ 282,516
Other long-term debt 35,906 1,638 138,240 (100,531) 75,253
Other liabilities, including intercompany
balances(a)(c) 14,169 3,094 75,132 (8,720) 83,675
Loans from subsidiaries(b) 12,316 249 (12,565) - -
Total liabilities 62,391 4,981 483,597 (109,525) 441,444
Redeemable noncontrolling interests
(see Note 1):
Nonvoting, callable, junior preferred interests
held by Department of the Treasury - - - 8,427 8,427
Other - - 29 67 96
Total redeemable noncontrolling interests - - 29 8,494 8,523
Total AIG shareholders’ equity 104,951 32,074 82,272 (114,346) 104,951
Other noncontrolling interests - - 392 463 855
Total noncontrolling interests - - 392 463 855
Total equity 104,951 32,074 82,664 (113,883) 105,806
Total liabilities and equity $ 167,342 $ 37,055 $ 566,290 $ (214,914) $ 555,773
362 AIG 2011 Form 10-K
24. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT
CONDENSED CONSOLIDATING BALANCE SHEET