AIG 2012 Annual Report Download - page 221

AMERICAN INTERNATIONAL GROUP, INC.
CONSOLIDATED BALANCE SHEET
Assets:
Investments:
Fixed maturity securities:
Bonds available for sale, at fair value (amortized cost: 2012 – $246,149; 2011 – $250,770) $ 269,959 $ 263,981
Bond trading securities, at fair value 24,584 24,364
Equity securities:
Common and preferred stock available for sale, at fair value (cost: 2012 – $1,640; 2011 – $1,820) 3,212 3,624
Common and preferred stock trading, at fair value 662 125
Mortgage and other loans receivable, net of allowance (portion measured at fair value: 2012 – $134;
2011 – $107) 19,482 19,489
Flight equipment primarily under operating leases, net of accumulated depreciation –35,539
Other invested assets (portion measured at fair value: 2012 – $7,056; 2011 – $20,876) 29,117 40,744
Short-term investments (portion measured at fair value: 2012 – $8,056; 2011 – $5,913) 28,808 22,572
Total investments 375,824 410,438
Cash 1,151 1,474
Accrued investment income 3,054 3,108
Premiums and other receivables, net of allowance 13,989 14,721
Reinsurance assets, net of allowance 25,595 27,211
Deferred income taxes 17,466 19,615
Deferred policy acquisition costs 8,182 8,937
Derivative assets, at fair value 3,671 4,499
Other assets, including restricted cash of $1,878 in 2012 and $2,988 in 2011 (portion measured at fair
value: 2012 – $696; 2011 – $0) 10,399 11,663
Separate account assets, at fair value 57,337 51,388
Assets held for sale 31,965 –
Total assets $ 548,633 $ 553,054
Liabilities:
Liability for unpaid claims and claims adjustment expense $ 87,991 $ 91,145
Unearned premiums 22,537 23,465
Future policy benefits for life and accident and health insurance contracts 36,340 34,317
Policyholder contract deposits (portion measured at fair value: 2012 – $1,257; 2011 – $918) 127,117 126,898
Other policyholder funds 6,267 6,691
Derivative liabilities, at fair value 4,061 4,733
Other liabilities (portion measured at fair value: 2012 – $1,080; 2011 – $907) 32,114 28,248
Long-term debt (portion measured at fair value: 2012 – $8,055; 2011 – $10,766) 48,500 75,253
Separate account liabilities 57,337 51,388
Liabilities held for sale 27,366 –
Total liabilities 449,630 442,138
Contingencies, commitments and guarantees (see Note 16)
Redeemable noncontrolling interests (see Note 18):
Nonvoting, callable, junior preferred interests held by Department of the Treasury –8,427
Other 334 96
Total redeemable noncontrolling interests 334 8,523
AIG shareholders’ equity:
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued:
2012 – 1,906,611,680 and 2011 – 1,906,568,099 4,766 4,766
Treasury stock, at cost; 2012 – 430,289,745; 2011 – 9,746,617 shares of common stock (13,924) (942)
Additional paid-in capital 80,410 80,459
Retained earnings 14,176 10,774
Accumulated other comprehensive income 12,574 6,481
Total AIG shareholders’ equity 98,002 101,538
Non-redeemable noncontrolling interests (including $100 associated with businesses held for sale) 667 855
Total equity 98,669 102,393
Total liabilities and equity $ 548,633 $ 553,054
See accompanying Notes to Consolidated Financial Statements, which include a summary of revisions to prior year balances in connection with a
change in accounting principle.
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AIG 2012 Form 10-K204
December 31, December 31,
(in millions, except for share data) 2012 2011