AIG 2013 Annual Report Download - page 256

respectively, of securities issued by Non-U.S. government entities from Level 1 to Level 2, because they are no
longer considered actively traded. For similar reasons, during the years ended December 31, 2013 and 2012, we
transferred $356 million and $888 million, respectively, of securities issued by the U.S. government and government-
sponsored entities from Level 1 to Level 2. We had no material transfers from Level 2 to Level 1 during the years
ended December 31, 2013 and 2012.
The following tables present changes during the years ended December 31, 2013 and 2012 in Level 3 assets
and liabilities measured at fair value on a recurring basis, and the realized and unrealized gains (losses)
related to the Level 3 assets and liabilities in the Consolidated Balance Sheets at December 31, 2013 and
2012:
December 31, 2013
Assets:
Bonds available for sale:
Obligations of states,
municipalities and political
subdivisions
Non-U.S. governments
Corporate debt
RMBS
CMBS
CDO/ABS
Total bonds available for sale
Other bond securities:
RMBS
CMBS
CDO/ABS
Total other bond securities
Equity securities available
for sale:
Common stock
Preferred stock
Total equity securities
available for sale
Other invested assets
Total
Liabilities:
Policyholder contract
deposits
Derivative liabilities, net:
Interest rate contracts
Equity contracts
Commodity contracts
Credit contracts
Other contracts
Total derivative liabilities, net
Long-term debt
Total
Changes in Level 3 Recurring Fair Value Measurements
..................................................................................................................................................................................................................................
AIG 2013 Form 10-K238
ITEM 8 / NOTE 5. FAIR VALUE MEASUREMENTS
Net Changes in
Realized and Unrealized Gains
Unrealized Purchases, (Losses) Included
Fair Value Gains (Losses) Other Sales, Gross Gross Fair Value in Income on
Beginning of Included Comprehensive Issues and Transfers Transfers End Instruments Held
(in millions) Year(a) in Income Income (Loss) Settlements, Net In Out of Year at End of Year
$ 1,024 $ 29 $ (175) $ 403 $ – $ (201) $ 1,080 $ –
14 – (1) 3 1 (1) 16 –
1,487 8 (19) (176) 450 (495) 1,255 –
11,662 867 466 1,818 186 (58) 14,941 –
5,124 24 100 375 161 (49) 5,735 –
4,841 161 9 1,946 901 (884) 6,974 –
24,152 1,089 380 4,369 1,699 (1,688) 30,001 –
396 66 – 208 267 – 937 (2)
812 67 – (200) 279 (114) 844 29
8,536 1,527 – (2,044) 843 (28) 8,834 681
9,744 1,660 – (2,036) 1,389 (142) 10,615 708
24 7 (8) (22) – – 1 –
44 – 3 (47) – – – –
68 7 (5) (69) – – 1 –
5,389 208 237 64 344 (312) 5,930 –
$ 39,353 $ 2,964 $ 612 $ 2,328 $ 3,432 $ (2,142) $ 46,547 $ 708
$ (1,257) $ 744 $ (1) $ 202 $ – $ – $ (312) $ 104
732 19 – (851) – – (100) 35
47 74 – (20) 1 (53) 49 30
1 – – ––– 1 (1)
(1,991) 567 – 144 – – (1,280) 711
(162) 42 15 (2) (2) – (109) 7
(1,373) 702 15 (729) (1) (53) (1,439) 782
(344) (137) – 38 (2) 75 (370) (30)
$ (2,974) $ 1,309 $ 14 $ (489) $ (3) $ 22 $ (2,121) $ 856
..................................................................................................................................................................................
............................................................................................................................................................................................