AIG 2012 Annual Report Download - page 270

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Securities Available for Sale
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The following table presents the amortized cost or cost and fair value of our available for sale securities:
December 31, 2012
Bonds available for sale:
U.S. government and government sponsored entities
Obligations of states, municipalities and political subdivisions
Non-U.S. governments
Corporate debt
Mortgage-backed, asset-backed and collateralized:
RMBS
CMBS
CDO/ABS
Total mortgage-backed, asset-backed and collateralized
Total bonds available for sale(b)
Equity securities available for sale:
Common stock
Preferred stock
Mutual funds
Total equity securities available for sale
Total
December 31, 2011
Bonds available for sale:
U.S. government and government sponsored entities $ 5,661 $ 418 $ (1) $ 6,078 $ –
Obligations of states, municipalities and political subdivisions 35,017 2,554 (73) 37,498 (28)
Non-U.S. governments 24,843 994 (102) 25,735 –
Corporate debt 134,699 11,844 (1,725) 144,818 115
Mortgage-backed, asset-backed and collateralized:
RMBS 34,780 1,387 (1,563) 34,604 (716)
CMBS 8,449 470 (973) 7,946 (276)
CDO/ABS 7,321 454 (473) 7,302 49
Total mortgage-backed, asset-backed and collateralized 50,550 2,311 (3,009) 49,852 (943)
Total bonds available for sale(b) 250,770 18,121 (4,910) 263,981 (856)
Equity securities available for sale:
Common stock 1,682 1,839 (100) 3,421 –
Preferred stock 83 60 – 143 –
Mutual funds 55 6 (1) 60 –
Total equity securities available for sale 1,820 1,905 (101) 3,624 –
Total $ 252,590 $ 20,026 $ (5,011) $ 267,605 $ (856)
(a) Represents the amount of other-than-temporary impairment losses recognized in Accumulated other comprehensive income. Amount includes
unrealized gains and losses on impaired securities relating to changes in the value of such securities subsequent to the impairment measurement
date.
(b) 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.
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AIG 2012 Form 10-K 253
Other-Than-
Amortized Gross Gross Temporary
Cost or Unrealized Unrealized Fair Impairments
(in millions) Cost Gains Losses Value in AOCI(a)
$ 3,161 $ 323 $ (1) $ 3,483 $ –
33,042 2,685 (22) 35,705 2
25,449 1,395 (44) 26,800 –
135,728 15,848 (464) 151,112 115
31,330 3,379 (317) 34,392 1,330
9,699 811 (376) 10,134 (54)
7,740 765 (172) 8,333 57
48,769 4,955 (865) 52,859 1,333
246,149 25,206 (1,396) 269,959 1,450
1,492 1,574 (37) 3,029 –
55 23 – 78 –
93 12 – 105 –
1,640 1,609 (37) 3,212 –
$ 247,789 $ 26,815 $ (1,433) $ 273,171 $ 1,450
ITEM 8 / NOTE 7. INVESTMENTS