AIG 2012 Annual Report Download - page 160
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.....................................................................................................................................................................................
Available-for-Sale Investments
..............................................................................................................................................................................................
The following table presents the fair value of our available-for-sale securities:
Bonds available for sale:
U.S. government and government sponsored entities $ 6,078
Obligations of states, municipalities and political subdivisions 37,498
Non-U.S. governments 25,735
Corporate debt 144,818
Mortgage-backed, asset-backed and collateralized:
RMBS 34,604
CMBS 7,946
CDO/ABS 7,302
Total mortgage-backed, asset-backed and collateralized 49,852
Total bonds available for sale*263,981
Equity securities available for sale:
Common stock 3,421
Preferred stock 143
Mutual funds 60
Total equity securities available for sale 3,624
Total $ 267,605
* At December 31, 2012 and December 31, 2011, bonds available for sale held by us that were below investment grade or not rated totaled
$29.6 billion and $24.2 billion, respectively.
Investments in Municipal Bonds
..............................................................................................................................................................................................
At December 31, 2012, the U.S. municipal bond portfolio was composed primarily of essential service revenue bonds
and high-quality tax-backed bonds with 97 percent of the portfolio rated A or higher.
..................................................................................................................................................................................................................................
AIG 2012 Form 10-K 143
$ 3,483
35,705
26,800
151,112
34,392
10,134
8,333
52,859
269,959
3,029
78
105
3,212
$ 273,171
Fair Value at Fair Value at
December 31, December 31,
(in millions) 2012 2011
ITEM 7 / INVESTMENTS