AIG 2012 Annual Report Download - page 343

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The following table presents information about our plan assets based on the level within the fair value
hierarchy in which the fair value measurement falls:
At December 31, 2012
Assets:
Cash & cash equivalents
Equity securities:
U.S.(a)
International(b)
Fixed maturity securities:
U.S. investment grade(c)
International investment grade(c)
U.S. and international high yield(d)
Mortgage and other asset-backed securities(e)
Other fixed maturity securities
Other investment types:
Hedge funds(f)
Commodities
Private equity(g)
Insurance contracts
Total
At December 31, 2011
Assets:
Cash & cash equivalents $ 9 $ – $ – $ 9 $ 114 $ – $ – $ 114
Equity securities:
U.S.(a) 1,449 13 – 1,462 19 – – 19
International(b) 305 16 – 321 242 1 – 243
Fixed maturity securities:
U.S. investment grade(c) – 794 1 795 – – – –
International investment grade(c) – – – – – 139 – 139
U.S. and international high yield(d) – 104 – 104 – 88 – 88
Mortgage and other asset-backed securities(e) – 80 36 116 – – – –
Other fixed maturity securities – – – – – 40 1 41
Other investment types:
Hedge funds(f) – 345 – 345 – – – –
Commodities – 26 – 26 – – – –
Private equity(g) – – 223 223 – – – –
Insurance contracts – 31 – 31 – – 39 39
Total $ 1,763 $ 1,409 $ 260 $ 3,432 $ 375 $ 268 $ 40 $ 683
(a) Includes index funds that primarily track several indices including S&P 500 and S&P Small Cap 600 in addition to other actively managed
accounts comprised of investments in large cap companies.
(b) Includes investments in companies in emerging and developed markets.
(c) Represents investments in U.S. and non-U.S. government issued bonds, U.S. government agency or sponsored agency bonds, and investment
grade corporate bonds.
(d) Consists primarily of investments in securities or debt obligations that have a rating below investment grade.
(e) Comprised primarily of investments in U.S. government agency or U.S. government sponsored agency bonds.
(f) Includes funds comprised of macro, event driven, long/short equity, and controlled risk hedge fund strategies and a separately managed
controlled risk strategy.
(g) Includes funds that are diverse by geography, investment strategy, and sector.
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AIG 2012 Form 10-K326
U.S. Plans Non-U.S. Plans
(in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
$ 229 $ – $ – $ 229 $ 113 $ – $ – $ 113
1,331 15 – 1,346 21 1 – 22
290 18 – 308 240 – – 240
– 763 11 774 – – – –
– 112 – 112 – 169 – 169
– 134 – 134 – 96 – 96
–59–59––– –
–––––172744
– 334 – 334 – – – –
– 170 – 170 – – – –
– – 225 225 – – – –
– 29 – 29 – – 43 43
$ 1,850 $ 1,634 $ 236 $ 3,720 $ 374 $ 283 $ 70 $ 727
ITEM 8 / NOTE 22. EMPLOYEE BENEFITS