AIG 2014 Annual Report Download - page 129
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ITEM 7 / INVESTMENTS
112
Equity securities available for sale:
Common stock 3,629 3,219
Preferred stock 25 27
Mutual funds 741 410
Total equity securities available for sale 4,395 3,656
Total $ 264,254 $ 261,930
* At December 31, 2014 and 2013, the fair value of bonds available for sale held by us that were below investment grade or not rated totaled $35.1 billion and
$32.6 billion, respectively.
The following table presents the fair value of our aggregate credit exposures to non-U.S. governments for our fixed
maturity securities:
December 31,
December 31,
(in millions) 2014
2013
Japan $5,728 $ 6,350
Canada 2,181 2,714
Germany 1,315 1,281
Mexico 661 622
United Kingdom 648 510
Netherlands 639 759
Norway 619 682
France 614 1,005
Singapore 545 457
South Korea 465 538
Other 7,682 7,593
Tota l $21,097 $ 22,511
The following table presents the fair value of our aggregate European credit exposures by major sector for our fixed
maturity securities:
December 31, 2014
Non- December 31,
Financial Financial Structured 2013
(in millions) Sovereign Institution Corporates Products Total Total
Euro-Zone countries:
France $ 614 $1,372 $2,512 $- $ 4,498 $ 5,158
Netherlands 639 1,357 1,819 461 4,276 4,396
Germany 1,315 431 2,375 34 4,155 4,687
Spain 49 407 1,080 21 1,557 1,844
Italy 19 256 957 13 1,245 1,351
Belgium 236 111 626 - 973 842
Ireland - - 682 168 850 692
Finland 70 31 134 - 235 281
Luxembourg -15 209 19 243 206
Austria 133 12 10 - 155 250
Other Euro-Zone* 703 88 229 2 1,022 902
Total Euro-Zone $ 3,778 $4,080 $10,633 $718 $ 19,209 $ 20,609
Remainder of Europe
United Kingdom $ 648 $3,224 $8,006 $4,198 $ 16,076 $ 16,819
Switzerland 101 1,231 1,609 - 2,941 2,898
Sweden 213 653 269 - 1,135 1,605
Norway 619 63 164 - 846 1,057
Russian Federation 150 16 145 - 311 516
Other remainder of Europe 233 128 81 52 494 523
Total remainder of Europe $ 1,964 $5,315 $10,274 $4,250 $ 21,803 $ 23,418
Tota l $ 5,742 $9,395 $20,907 $4,968 $ 41,012 $ 44,027
* At December 31, 2014, we had no material credit exposure to the government of Greece.