AIG 2009 Annual Report Download - page 169

American International Group, Inc., and Subsidiaries
The following table presents the industry categories of AIG’s available for sale corporate debt securities:
December 31,
Industry Category 2009 2008
Financial institutions:
Money Center /Global Bank Groups 18% 20%
Regional banks — other 55
Life insurance 44
Securities firms and other finance companies 24
Insurance non-life 35
Regional banks — North America 23
Other financial institutions 41
Utilities 14 13
Communications 88
Consumer noncyclical 88
Capital goods 76
Consumer cyclical 55
Energy 65
Other 14 13
Total* 100% 100%
* At December 31, 2009 and 2008, approximately 94 percent and 96 percent, respectively, of these investments were rated investment grade.
Investments in RMBS, CMBS, CDOs and ABS
The following table presents the amortized cost, gross unrealized gains (losses) and fair value of AIG’s investments in
RMBS, CMBS, CDOs and ABS:
December 31, 2009 December 31, 2008
Gross Gross Gross Gross
Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair
(in millions) Cost*Gains Losses Value Cost Gains Losses Value
Bonds — available for sale:
AIG, excluding AIGFP:
RMBS $ 32,173 $ 991 $ (4,840) $ 28,324 $ 32,092 $ 645 $ (2,985) $ 29,752
CMBS 18,717 195 (5,623) 13,289 14,205 126 (3,105) 11,226
CDO/ABS 7,582 238 (1,304) 6,516 6,741 233 (843) 6,131
Subtotal, excluding AIGFP 58,472 1,424 (11,767) 48,129 53,038 1,004 (6,933) 47,109
AIGFP 329 46 - 375 217 - - 217
Total $ 58,801 $ 1,470 $ (11,767) $ 48,504 $ 53,255 $ 1,004 $ (6,933) $ 47,326
* Increases to amortized cost in 2009 primarily reflect the adoption of the new other-than-temporary impairments accounting standard.
161 AIG 2009 Form 10-K