AIG 2010 Annual Report Download - page 215

American International Group, Inc., and Subsidiaries
Consolidated Balance Sheet (Continued)
December 31, December 31,
(in millions, except share data) 2010 2009
Liabilities:
Liability for unpaid claims and claims adjustment expense $ 91,151 $ 85,386
Unearned premiums 23,803 21,363
Future policy benefits for life and accident and health insurance contracts 31,268 116,001
Policyholder contract deposits (portion measured at fair value: 2010 – $445; 2009 – $5,214) 121,373 220,128
Other policyholder funds 6,758 13,252
Commissions, expenses and taxes payable 2,820 4,950
Insurance balances payable 2,829 4,393
Funds held by companies under reinsurance treaties 610 774
Current and deferred income taxes 2,369 -
Securities sold under agreements to repurchase (portion measured at fair value:
2010 – $2,119; 2009 – $3,221) 2,119 3,505
Securities and spot commodities sold but not yet purchased, at fair value 485 1,030
Unrealized loss on swaps, options and forward transactions, at fair value 5,735 5,403
Trust deposits and deposits due to banks and other depositors (portion measured at fair
value: 2010 – $15; 2009 – $15) 892 1,641
Other liabilities 19,353 22,503
Federal Reserve Bank of New York Commercial Paper Funding Facility (portion measured
at fair value: 2009 – $2,742) -4,739
Federal Reserve Bank of New York credit facility (see Notes 1 and 26) 20,985 23,435
Other long-term debt (portion measured at fair value: 2010 – $12,143; 2009 – $13,195) 85,476 113,298
Separate account liabilities 54,432 58,150
Liabilities held for sale 97,312 48,599
Total liabilities 569,770 748,550
Commitments, contingencies and guarantees (see Note 16)
Redeemable noncontrolling interests in partially owned consolidated subsidiaries (including
$12 and $211 associated with businesses held for sale in 2010 and 2009, respectively) 434 959
AIG shareholders’ equity (see Notes 1 and 26):
Preferred stock
Series E; $5.00 par value; shares issued: 2010 and 2009 – 400,000, at aggregate
liquidation value 41,605 41,605
Series F; $5.00 par value; shares issued: 2010 and 2009 – 300,000, aggregate liquidation
value: 2010 – 7,543; 2009 – 5,344 7,378 5,179
Series C; $5.00 par value; shares issued: 2010 and 2009 – 100,000, aggregate liquidation
value: 2010 and 2009 – $0.5 23,000 23,000
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued:
2010 – 147,124,067; 2009 – 141,732,263 368 354
Treasury stock, at cost; 2010 – 6,660,908; 2009 – 6,661,356 shares of common stock (873) (874)
Additional paid-in capital 9,683 6,358
Accumulated deficit (3,466) (11,491)
Accumulated other comprehensive income 7,624 5,693
Total AIG shareholders’ equity 85,319 69,824
Noncontrolling interests (see Notes 1 and 26):
Noncontrolling nonvoting, callable, junior and senior preferred interests held by Federal
Reserve Bank of New York 26,358 24,540
Other (including $204 and $2,234 associated with businesses held for sale in 2010 and
2009, respectively) 1,562 3,712
Total noncontrolling interests 27,920 28,252
Total equity 113,239 98,076
Total liabilities and equity $ 683,443 $ 847,585
See Accompanying Notes to Consolidated Financial Statements.
AIG 2010 Form 10-K 199