AIG 2013 Annual Report Download - page 164

The following tables summarize the composition of AIG’s investments by reportable segment:
Fixed maturity securities:
Bonds available for sale, at fair value
Other bond securities, at fair value
Equity securities:
Common and preferred stock available for
sale, at fair value
Other Common and preferred stock, at fair
value
Mortgage and other loans receivable, net of
allowance
Other invested assets
Short-term investments
Total investments*
Cash
Total invested assets
Fixed maturity securities:
Bonds available for sale, at fair value $ 104,766 $ 163,550 $ 6,860 $ (5,217) $ 269,959
Other bond securities, at fair value 1,597 1,856 21,362 (231) 24,584
Equity securities:
Common and preferred stock available for
sale, at fair value 3,093 111 8 – 3,212
Other Common and preferred stock, at fair
value – 562 100 – 662
Mortgage and other loans receivable, net of
allowance 4,478 18,755 2,024 (5,775) 19,482
Other invested assets 8,365 12,737 7,635 380 29,117
Short-term investments 7,858 7,392 14,509 (951) 28,808
Total investments*130,157 204,963 52,498 (11,794) 375,824
Cash 649 297 205 – 1,151
Total invested assets $ 130,806 $ 205,260 $ 52,703 $ (11,794) $ 376,975
* At December 31, 2013, approximately 89 percent and 11 percent of investments were held by domestic and foreign entities, respectively,
compared to approximately 88 percent and 12 percent, respectively, at December 31, 2012.
For AIG Property Casualty, the duration of liabilities for long-tail casualty lines is greater than that for other lines. As
opposed to the focus in AIG Life and Retirement, the focus is not on asset-liability matching, but on preservation of
capital and growth of surplus.
Fixed maturity securities of AIG Property Casualty’s domestic operations, with an average duration of 3.9 years, are
currently comprised primarily of tax-exempt securities, which provide attractive risk-adjusted after-tax returns, as well
as taxable municipal bonds, government and agency bonds, and corporate bonds. The majority of these high quality
investments are rated A or higher based on composite ratings.
Investments by Segment
AIG Property Casualty
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AIG 2013 Form 10-K146
ITEM 7 / INVESTMENTS
Reportable Segment Consolidation
AIG Property AIG Life and Other and
(in millions) Casualty Retirement Operations Eliminations Total
December 31, 2013
$ 96,972 $ 154,763 $ 10,974 $ (4,435) $ 258,274
1,995 2,406 18,558 (336) 22,623
3,618 36 2 – 3,656
198 538 98 – 834
4,217 19,078 852 (3,382) 20,765
9,316 13,025 6,422 (104) 28,659
5,236 6,462 11,036 (1,117) 21,617
121,552 196,308 47,942 (9,374) 356,428
1,501 547 193 – 2,241
$ 123,053 $ 196,855 $ 48,135 $ (9,374) $ 358,669
December 31, 2012
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