AIG 2015 Annual Report Download - page 122
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ITEM 7 / INVESTMENTS
122
Prime non-agency
2015 $- $-
2014 - -
2013 8 8
2012 53 126
2011 1,873 1,882
2010 and prior 5,716 7,047
Total Prime non-agency $7,650 $ 9,063
Total Other housing related $819 $ 623
* Includes approximately $13.2 billion and $13.5 billion at December 31, 2015, and December 31, 2014, respectively, of certain RMBS that had experienced
deterioration in credit quality since their origination. See Note 5 to the Consolidated Financial Statements for additional discussion on Purchased Credit
Impaired (PCI) Securities.
The following table presents our RMBS available for sale investments by credit rating:
Fair Value at Fair Value at
December 31, December 31,
(in millions) 2015 2014
Rating:
Total RMBS
AAA $ 14,884 $ 14,699
AA 389 418
A 509 546
BBB 661 911
Below investment grade(a) 19,779 20,937
Non-rated 59
Total RMBS(b) $ 36,227 $ 37,520
Agency RMBS
AAA $ 12,547 $ 12,405
AA 45
Total Agency $ 12,551 $ 12,410
Alt-A RMBS
AAA $ 5$7
AA 17 33
A 121 85
BBB 216 317
Below investment grade(a) 12,472 12,559
Total Alt-A $ 12,831 $ 13,001
Subprime RMBS
AAA $ 15 $18
AA 68 117
A 247 252
BBB 200 207
Below investment grade(a) 1,846 1,829
Total Subprime $ 2,376 $ 2,423
Prime non-agency
AAA $ 1,986 $ 2,076
AA 188 253
A 138 205
BBB 209 351
Below investment grade(a) 5,124 6,169
Non-rated 59
Total prime non-agency $ 7,650 $ 9,063
Total Other housing related $ 819 $ 623