AIG 2010 Annual Report Download - page 380

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
25. Information Provided in Connection With Outstanding Debt
The following condensed consolidating financial statements reflect the results of SAFG, Inc. formerly known as
AIG Life Holdings (US), Inc. (AIGLH), a holding company and a wholly owned subsidiary of AIG. AIG provides
a full and unconditional guarantee of all outstanding debt of SAFG, Inc.
Condensed Consolidating Balance Sheet
American
International Reclassifications
Group, Inc. Other and Consolidated
(in millions) (As Guarantor) SAFG, Inc.(a) Subsidiaries Eliminations AIG
December 31, 2010
Assets:
Short-term investments(a) $ 5,602 $ - $ 38,354 $ (1,771) $ 42,185
Other investments 5,852 - 488,047 (125,672) 368,227
Total investments 11,454 - 526,401 (127,443) 410,412
Cash 49 - 1,509 - 1,558
Loans to subsidiaries(b) 61,630 - (61,630) - -
Debt issuance costs, including prepaid commitment asset
of $3,628 3,838 - 241 - 4,079
Investment in consolidated subsidiaries(b) 93,511 33,354 (6,788) (120,077) -
Other assets, including current and deferred income taxes 7,852 2,717 150,157 (785) 159,941
Assets held for sale - - 107,453 - 107,453
Total assets $ 178,334 $ 36,071 $ 717,343 $(248,305) $ 683,443
Liabilities:
Insurance liabilities $ - $ - $ 278,776 $ (984) $ 277,792
Federal Reserve Bank of New York credit facility 20,985 - - - 20,985
Other long-term debt 40,443 1,637 167,532 (124,136) 85,476
Other liabilities, including intercompany balances(a)(c) 31,587 4,793 54,788 (2,963) 88,205
Liabilities held for sale - - 97,300 12 97,312
Total liabilities 93,015 6,430 598,396 (128,071) 569,770
Redeemable noncontrolling interests in partially owned
consolidated subsidiaries (including $12 associated with
businesses held for sale) - - 207 227 434
Total AIG shareholders’ equity 85,319 29,641 117,641 (147,282) 85,319
Noncontrolling interests:
Noncontrolling nonvoting, callable, junior and senior
preferred interest held by Federal Reserve Bank of
New York - - - 26,358 26,358
Other (including $204 million associated with businesses
held for sale) - - 1,099 463 1,562
Total noncontrolling interests - - 1,099 26,821 27,920
Total equity 85,319 29,641 118,740 (120,461) 113,239
Total liabilities and equity $ 178,334 $ 36,071 $ 717,343 $(248,305) $ 683,443
364 AIG 2010 Form 10-K