AIG 2006 Annual Report Download - page 152

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American International Group, Inc. and Subsidiaries
Consolidated Balance Sheet
December 31,
(in millions) 2006 2005
Assets:
Investments and financial services assets:
Fixed maturities:
Bonds available for sale, at fair value (amortized cost: 2006 — $377,698; 2005 — $349,612)
(includes hybrid financial instruments: 2006 — $522) $ 387,391 $359,516
Bonds held to maturity, at amortized cost (fair value: 2006 — $22,154; 2005 — $22,047) 21,437 21,528
Bond trading securities, at fair value (cost: 2006 — $9,016; 2005 — $4,623) 9,037 4,636
Equity securities:
Common stocks available for sale, at fair value (cost: 2006 — $10,662; 2005 — $10,125) 13,262 12,227
Common and preferred stocks trading, at fair value (cost: 2006 — $12,734; 2005 — $7,746) 14,421 8,959
Preferred stocks available for sale, at fair value (cost: 2006 — $2,485; 2005 — $2,282) 2,539 2,402
Mortgage loans on real estate, net of allowance (2006 — $55; 2005 — $54) 17,067 14,300
Policy loans 7,501 7,039
Collateral and guaranteed loans, net of allowance (2006 — $9; 2005 — $10) 3,850 3,570
Financial services assets:
Flight equipment primarily under operating leases, net of accumulated depreciation
(2006 — $8,835; 2005 — $7,419) 39,875 36,245
Securities available for sale, at fair value (cost: 2006 — $45,912; 2005 — $37,572) 47,205 37,511
Trading securities, at fair value 5,031 6,499
Spot commodities 220 92
Unrealized gain on swaps, options and forward transactions 19,252 18,695
Trading assets 2,468 1,204
Securities purchased under agreements to resell, at contract value 33,702 14,547
Finance receivables, net of allowance (2006 — $737; 2005 — $670) (includes finance receivables
held for sale: 2006 — $1,124; 2005 — $1,110) 29,573 27,995
Securities lending collateral, at fair value (which approximates cost) 69,306 59,471
Other invested assets 42,114 31,072
Short-term investments, at cost (approximates fair value) 25,249 15,342
Total investments and financial services assets 790,500 682,850
Cash 1,590 1,897
Investment income due and accrued 6,077 5,727
Premiums and insurance balances receivable, net of allowance (2006 — $756; 2005 — $871) 17,789 15,333
Reinsurance assets, net of allowance (2006 — $536; 2005 — $999) 23,355 24,978
Deferred policy acquisition costs 37,235 32,154
Investments in partially owned companies 1,101 1,158
Real estate and other fixed assets, net of accumulated depreciation (2006 — $5,525; 2005 — $4,990) 4,381 3,641
Separate and variable accounts 72,655 63,797
Goodwill 8,628 8,093
Other assets 16,103 13,423
Total assets $979,414 $853,051
See Accompanying Notes to Consolidated Financial Statements.
102 AIG 2006 Form 10-K