AIG 2013 Annual Report Download - page 338

The following table presents information about our plan assets and indicates the level of the fair value
measurement based on the observability of the inputs used. The inputs and methodology used in
determining the fair value of these assets are consistent with those used to measure our assets as noted in
Note 5 herein.
At December 31, 2013
Assets:
Cash and cash equivalents
Equity securities:
U.S.(a)
International(b)
Fixed maturity securities:
U.S. investment grade(c)
International investment grade(c)
U.S. and international high yield(d)
Mortgage and other asset-backed securities(e)
Other fixed maturity securities
Other investment types:
Hedge funds(f)
Futures
Private equity(g)
Insurance contracts
Total
At December 31, 2012
Assets:
Cash and cash equivalents $ 229 $ – $ – $ 229 $ 113 $ – $ – $ 113
Equity securities:
U.S.(a) 1,597 31 – 1,628 21 1 – 22
International(b) 290 18 – 308 240 – – 240
Fixed maturity securities:
U.S. investment grade(c) – 763 11 774 – – – –
International investment grade(c) – – – – – 169 – 169
U.S. and international high yield(d) – 134 – 134 – 96 – 96
Mortgage and other asset-backed securities(e) –59–59––––
Other fixed maturity securities – – – – – 17 27 44
Other investment types:
Hedge funds(f) – 334 – 334 – – – –
Private equity(g) – – 225 225 – – – –
Insurance contracts – 29 – 29 – – 43 43
Total $ 2,116 $ 1,368 $ 236 $ 3,720 $ 374 $ 283 $ 70 $ 727
(a) Includes index funds that primarily track several indices including S&P 500 and S&P Small Cap 600 as well as other actively managed accounts
composed of investments in large cap companies.
(b) Includes investments in companies in emerging and developed markets.
(c) Represents investments in U.S. and non-U.S. government issued bonds, U.S. government agency or sponsored agency bonds, and investment
grade corporate bonds.
(d) Consists primarily of investments in securities or debt obligations that have a rating below investment grade.
(e) Comprised primarily of investments in U.S. government agency or U.S. government sponsored agency bonds.
(f) Includes funds composed of macro, event driven, long/short equity, and controlled risk hedge fund strategies and a separately managed
controlled risk strategy.
(g) Includes funds that are diverse by geography, investment strategy, sector and vintage year.
Assets Measured at Fair Value
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AIG 2013 Form 10-K320
ITEM 8 / NOTE 21. EMPLOYEE BENEFITS
U.S. Plans Non-U.S. Plans
(in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
$ 137 $ – $ – $ 137 $ 92 $ – $ – $ 92
1,840 220 – 2,060 26 – – 26
189 18 – 207 254 47 – 301
– 702 9 711 – – – –
– – – – 1 163 – 164
– 281 – 281 – 82 – 82
–7–7––––
–––––101929
– 297 35 332 – – – –
14 – – 14 – – – –
– – 248 248 – – – –
– 27 – 27 – – 44 44
$ 2,180 $ 1,552 $ 292 $ 4,024 $ 373 $ 302 $ 63 $ 738
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