AIG 2012 Annual Report Download - page 166

.....................................................................................................................................................................................
The following table presents our CDO available for sale investments by credit rating:
Rating:
AAA $ 130
AA 299
A 745
BBB 467
Below investment grade 591
Total $ 2,232
Commercial Mortgage Loans
..............................................................................................................................................................................................
At December 31, 2012, we had direct commercial mortgage loan exposure of $13.8 billion. At that date, over
99 percent of the loans were current.
The following table presents the commercial mortgage loan exposure by location and class of loan based on
amortized cost:
State:
California 153 $ 119 $ 942 $ 286 $ 640 $ 394 $ 652 $ 3,033 22%
New York 85 268 1,320 176 98 101 120 2,083 15
New Jersey 57 477 283 302 8 19 65 1,154 8
Florida 93 52 175 255 99 20 231 832 6
Texas 58 37 294 154 208 101 32 826 6
Pennsylvania 57 48 99 171 119 17 13 467 3
Ohio 54 167 40 98 64 38 10 417 3
Colorado 19 11 198 1 – 97 58 365 3
Maryland 21 22 145 170 13 4 4 358 3
Virginia 25 38 186 50 10 17 – 301 2
Other states 333 359 1,253 1,010 397 345 465 3,829 28
Foreign 61 1 – – – – 122 123 1
Total*1,016 $ 1,599 $ 4,935 $ 2,673 $ 1,656 $ 1,153 $ 1,772 $ 13,788 100%
* Excludes portfolio valuation losses.
AIA Investment
..............................................................................................................................................................................................
We sold our remaining 33 percent interest in AIA ordinary shares for proceeds of $14.5 billion and a net gain of
$2.1 billion through three sale transactions on March 7, September 11 and December 20, 2012.
See Note 7 to the Consolidated Financial Statements for further discussion.
..................................................................................................................................................................................................................................
AIG 2012 Form 10-K 149
Fair Value at Fair Value at
December 31, December 31,
(in millions) 2012 2011
$ 144
542
1,284
485
583
$ 3,038
December 31, 2012 Number Percent
Class
of of
(dollars in millions) Loans Apartments Offices Retails Industrials Hotels Others Total Total
ITEM 7 / INVESTMENTS