AIG 2012 Annual Report Download - page 260

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December 31, 2011
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions $ 609 $ 2 $ 112 $ 296 $ 17 $ (76) $ 960 $ –
Non-U.S. governments 5 – – 5 – (1) 9 –
Corporate debt 2,262 11 (25) 171 2,480 (2,964) 1,935 –
RMBS 6,367 (50) 288 3,232 1,093 (53) 10,877 –
CMBS 3,604 (100) 239 207 134 (129) 3,955 –
CDO/ABS 4,241 73 142 (432) 852 (656) 4,220 –
Total bonds available for sale 17,088 (64) 756 3,479 4,576 (3,879) 21,956 –
Bond trading securities:
Corporate debt – – – (11) 18 – 7 1
RMBS 91 (27) – 239 – – 303 (28)
CMBS 506 92 – (95) 292 (241) 554 87
CDO/ABS 9,431 (660) – (323) 48 (64) 8,432 (677)
Total bond trading securities 10,028 (595) – (190) 358 (305) 9,296 (617)
Equity securities available for sale:
Common stock 61 28 (4) (40) 18 (6) 57 –
Preferred stock 64 (1) 32 (1) 5 – 99 –
Mutual funds – – – (6) 6 – – –
Total equity securities available for sale 125 27 28 (47) 29 (6) 156 –
Equity securities trading 1 – – (1) – – – –
Mortgage and other loans receivable – – – 1 – – 1 –
Other invested assets 7,414 (10) 139 (739) 251 (437) 6,618 2
Total $ 34,656 $ (642) $ 923 $ 2,503 $ 5,214 $ (4,627) $ 38,027 $ (615)
Liabilities:
Policyholder contract deposits $ (445) $ (429) $ – $ (44) $ – $ – $ (918) $ 508
Derivative liabilities, net:
Interest rate contracts 732 46 – (2) 30 (21) 785 (90)
Foreign exchange contracts 16 (11) – (5) 2 – 2 1
Equity contracts 22 (16) – 41 (7) (12) 28 (15)
Commodity contracts 23 1 – (22) – – 2 (1)
Credit contracts (3,798) 332 – 193 – – (3,273) 493
Other contracts (112) (14) (51) 74 (30) 166 33 (98)
Total derivatives liabilities, net (3,117) 338 (51) 279 (5) 133 (2,423) 290
Long-term debt(b) (982) (60) – 555 (21) – (508) (135)
Total $ (4,544) $ (151) $ (51) $ 790 $ (26) $ 133 $ (3,849) $ 663
(a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only.
(b) Includes GIAs, notes, bonds, loans and mortgages payable.
Net realized and unrealized gains and losses related to Level 3 items shown above are reported in the
Consolidated Statement of Operations as follows:
December 31, 2012
Bonds available for sale
Bond trading securities
Equity securities
Other invested assets
Policyholder contract deposits
Derivative liabilities, net
Other long-term debt
December 31, 2011
Bonds available for sale $ 638 $ (717) $ 15 $ (64)
Bond trading securities (634) 4 35 (595)
Equity securities – 27 – 27
Other invested assets 23 (84) 51 (10)
Policyholder contract deposits – (499) 70 (429)
Derivative liabilities, net 2 13 323 338
Other long-term debt – – (60) (60)
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AIG 2012 Form 10-K 243
Net Changes in
Realized and Unrealized Gains
Fair Unrealized Accumulated Purchases, (Losses) Included
value Gains (Losses) Other Sales, Gross Gross Fair value in Income on
Beginning Included Comprehensive Issues and Transfers Transfers End Instruments Held
(in millions) of Year(a) in Income Income (Loss) Settlements, Net In Out of Year at End of Year
Net Net Realized
Investment Capital Other
(in millions) Income Gains (Losses) Income Total
$ 906 $ (395) $ 215 $ 726
3,303 – 526 3,829
–39–39
54 (210) 61 (95)
– (275) – (275)
3 26 537 566
– – (411) (411)
ITEM 8 / NOTE 6. FAIR VALUE MEASUREMENTS