AIG 2008 Annual Report Download - page 323

Condensed Consolidating Balance Sheet
American
International
Group, Inc.
(As Guarantor) AIGLH
Other
Subsidiaries Eliminations
Consolidated
AIG
(In millions)
December 31, 2008
Assets:
Investments(a) ..................... $ 16,110 $ — $ 753,181 $(132,379) $ 636,912
Loans to subsidiaries(b) .............. 64,283 — (64,283) — —
Cash ............................ 103 — 8,539 — 8,642
Investment in consolidated
subsidiaries(b) ................... 65,724 23,256 34,499 (123,479) —
Debt issuance costs, including prepaid
commitment asset of $15,458 in 2008 . . 15,743 — — — 15,743
Other assets ....................... 11,707 2,626 185,095 (307) 199,121
Total assets ......................... $173,670 $25,882 $ 917,031 $(256,165) $ 860,418
Liabilities:
Insurance liabilities.................. $ — $ — $ 503,171 $ (103) $ 503,068
Federal Reserve Bank of New York credit
facility ......................... 40,431 — — — 40,431
Other long-term debt ................ 47,928 2,097 234,701 (131,954) 152,772
Other liabilities(a) .................. 32,601 3,063 75,670 103 111,437
Total liabilities ....................... 120,960 5,160 813,542 (131,954) 807,708
Total shareholders’ equity............... 52,710 20,722 103,489 (124,211) 52,710
Total liabilities and shareholders’ equity .... $173,670 $25,882 $ 917,031 $(256,165) $ 860,418
December 31, 2007
Assets:
Investments ....................... $ 14,712 $ 40 $ 836,506 $ (21,790) $ 829,468
Cash ............................ 84 1 2,199 — 2,284
Investment in consolidated subsidiaries . . . 111,650 24,396 17,952 (153,998) —
Other assets ....................... 9,414 2,592 204,448 155 216,609
Total assets ......................... $135,860 $27,029 $1,061,105 $(175,633) $1,048,361
Liabilities:
Insurance liabilities.................. $ 43 $ — $ 528,059 $ (75) $ 528,027
Long-term debt .................... 36,045 2,136 156,003 (18,135) 176,049
Other liabilities .................... 3,971 2,826 244,772 (3,085) 248,484
Total liabilities ....................... 40,059 4,962 928,834 (21,295) 952,560
Total shareholders’ equity............... 95,801 22,067 132,271 (154,338) 95,801
Total liabilities and shareholders’ equity .... $135,860 $27,029 $1,061,105 $(175,633) $1,048,361
(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation
adjustment.
(b) Eliminated in consolidation.
AIG 2008 Form 10-K 317
American International Group, Inc., and Subsidiaries
Notes to Consolidated Financial Statements — (Continued)