AIG 2008 Annual Report Download - page 251

5. Investments
(a) Statutory Deposits: Total carrying values of cash and securities deposited by AIG’s insurance subsidiaries
under requirements of regulatory authorities were $15.2 billion and $13.6 billion at December 31, 2008 and 2007,
respectively.
(b) Net Investment Income: An analysis of net investment income follows:
2008 2007 2006
Years Ended December 31,
(In millions)
Fixed maturities, including short-term investments..................... $20,839 $21,445 $19,773
Equity securities.............................................. 592 575 277
Interest on mortgage and other loans. . ............................. 1,516 1,423 1,253
Partnerships ................................................. (2,022) 1,986 1,596
Mutual funds ................................................ (989) 535 948
Trading account losses ......................................... (725) (150) —
Other investments*............................................ 1,002 959 1,241
Total investment income before policyholder income and trading gains
(losses) .................................................. 20,213 26,773 25,088
Policyholder investment income and trading gains (losses)............... (6,984) 2,903 2,016
Total investment income ........................................ 13,229 29,676 27,104
Investment expenses ........................................... 1,007 1,057 1,034
Net investment income ......................................... $12,222 $28,619 $26,070
* Includes net investment income from securities lending activities, representing interest earned on securities
lending invested collateral offset by interest expense on securities lending payable.
AIG 2008 Form 10-K 245
American International Group, Inc., and Subsidiaries
Notes to Consolidated Financial Statements — (Continued)