AIG 2015 Annual Report Download - page 255

ITEM 8 / NOTE 4. FAIR VALUE MEASUREMENTS
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255
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 Included Comprehensive Issues and Transfers Transfers End Instruments Held
(in millions) of Year in Income Income (Loss) Settlements, Net In Out of Year at End of Year
December 31, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions(c) $ 1,080 $ - $ 233 $ 914 $ 119 $ (187) $ 2,159 $ -
Non-U.S. governments 16 1 (1) 9 8 (3) 30 -
Corporate debt 1,255 12 19 (257) 1,363 (509) 1,883 -
RMBS 14,941 1,012 53 796 120 (117) 16,805 -
CMBS 5,735 69 243 85 83 (3,519) 2,696 -
CDO/ABS 6,974 86 (38) 1,545 2,488 (4,945) 6,110 -
Total bonds available for sale 30,001 1,180 509 3,092 4,181 (9,280) 29,683 -
Other bond securities:
Corporate debt - - - - - - - -
RMBS 937 40 - 97 51 (20) 1,105 (13)
CMBS 844 (6) - (141) 124 (452) 369 (7)
CDO/ABS 8,834 1,098 - (1,805) 271 (949) 7,449 318
Total other bond securities 10,615 1,132 - (1,849) 446 (1,421) 8,923 298
Equity securities available for sale:
Common stock 1 - - (1) 2 (1) 1 -
Preferred stock - - - - - - - -
Mutual funds - - - - 1 (1) - -
Total equity securities available for sale 1 - - (1) 3 (2) 1 -
Mortgage and other loans receivable - - - 6 - - 6 -
Other invested assets 5,930 150 398 (83) 167 (912) 5,650 -
Total $ 46,547 $ 2,462 $ 907 $ 1,165 $ 4,797 $ (11,615) $ 44,263 $ 298
Liabilities:
Policyholder contract deposits $ (312) $ (1,127) $ (54) $ (16) $ - $ - $ (1,509) $ (218)
Derivative liabilities, net:
Interest rate contracts (100) (10) - 39 - (3) (74) (10)
Foreign exchange contracts - 2 - (10) - - (8) 3
Equity contracts 49 21 - (18) 48 (53) 47 13
Commodity contracts 1 (1) - - - - - (1)
Credit contracts (1,280) 263 - 39 - - (978) 268
Other contracts (109) 99 53 (103) 1 - (59) 82
Total derivatives liabilities, net(a) (1,439) 374 53 (53) 49 (56) (1,072) 355
Long-term debt(b) (370) 94 - 37 (70) 96 (213) 15
Total $ (2,121) $ (659) $ (1) $ (32) $ (21) $ 40 $ (2,794) $ 152
(a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only.
(b) Includes guaranteed investment agreements (GIAs), notes, bonds, loans and mortgages payable.
(c) Purchases, Sales, Issues and Settlements, Net primarily reflect the effect of consolidating previously unconsolidated securitization vehicles.