AIG 2014 Annual Report Download - page 257

ITEM 8 / NOTE 5. FAIR VALUE MEASUREMENTS
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240
Net realized and unrealized gains and losses included in income related to Level 3 assets and liabilities shown above
are reported in the Consolidated Statements of Income as follows:
Net Net Realized
Investment Capital Other
(in millions) Income Gains (Losses) Income Total
December 31, 2014
Bonds available for sale $1,236 $(107) $ 51 $1,180
Other bond securities 95 - 1,037 1,132
Equity securities available for sale - - - -
Other invested assets 175 (28) 3 150
Policyholder contract deposits - (1,127) - (1,127)
Derivative liabilities, net 68 8 298 374
Long-term debt - - 94 94
December 31, 2013
Bonds available for sale $ 997 $ (17) $ 109 $ 1,089
Other bond securities 187 9 1,464 1,660
Equity securities available for sale - 7 - 7
Other invested assets 210 (42) 40 208
Policyholder contract deposits - 744 - 744
Derivative liabilities, net 39 43 620 702
Long-term debt - - (137) (137)
The following table presents the gross components of purchases, sales, issues and settlements, net, shown above:
Purchases,
Sales, Issues and
(in millions) Purchases Sales Settlements Settlements, Net(a)
December 31, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions $1,041 $(35) $ (92) $914
Non-U.S. governments 12 - (3) 9
Corporate debt 148 (8) (397) (257)
RMBS 3,301 (124) (2,381) 796
CMBS 368 (224) (59) 85
CDO/ABS 2,760 (70) (1,145) 1,545
Total bonds available for sale 7,630 (461) (4,077) 3,092
Other bond securities:
RMBS 211 (31) (83) 97
CMBS -(16) (125) (141)
CDO/ABS 55 (21) (1,839) (1,805)
Total other bond securities 266 (68) (2,047) (1,849)
Equity securities available for sale -- (1) (1)
Mortgage and other loans receivable 6- - 6
Other invested assets 776 (25) (834) (83)
Total assets $8,678 $(554) $ (6,959) $1,165
Liabilities:
Policyholder contract deposits $ - $ (149) $ 133 $(16)
Derivative liabilities, net 2 (3) (52) (53)
Long-term debt(b) - - 37 37
Total liabilities $ 2 $ (152) $ 118 $(32)
December 31, 2013
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions $ 541 $ (138) $ - $ 403
Non-U.S. governments 9 - (6) 3