AIG 2012 Annual Report Download - page 354

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27. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT
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The following condensed consolidating financial statements reflect the results of SunAmerica Financial Group, Inc.
(SAFG, Inc.), formerly known as AIG Life Holdings (U.S.), Inc. (AIGLH), a holding company and a 100 percent
owned subsidiary of AIG. AIG provides a full and unconditional guarantee of all outstanding debt of SAFG, Inc.
Condensed Consolidating Balance Sheet
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December 31, 2012
Assets:
Short-term investments
Other investments(a)
Total investments
Cash
Loans to subsidiaries(b)
Investment in consolidated subsidiaries(b)
Other assets, including current and deferred income taxes
Assets held for sale
Total assets
Liabilities:
Insurance liabilities
Other long-term debt
Other liabilities, including intercompany balances(a)(c)
Loans from subsidiaries(b)
Liabilities held for sale
Total liabilities
Other
Redeemable noncontrolling interests
Total AIG shareholders’ equity
Non-redeemable noncontrolling interests
Total equity
Total liabilities and equity
December 31, 2011
Assets:
Short-term investments $ 12,868 $ – $ 14,110 $ (4,406) $ 22,572
Other investments(a) 6,599 – 481,525 (100,258) 387,866
Total investments 19,467 – 495,635 (104,664) 410,438
Cash 176 13 1,285 – 1,474
Loans to subsidiaries(b) 39,971 – (39,971) – –
Investment in consolidated subsidiaries(b)(d) 80,990 32,361 (11,463) (101,888) –
Other assets, including current and deferred income taxes 25,019 2,722 117,992 (4,591) 141,142
Total assets $ 165,623 $ 35,096 $ 563,478 $ (211,143) $ 553,054
Liabilities:
Insurance liabilities $ – $ – $ 282,790 $ (274) $ 282,516
Other long-term debt 35,906 1,638 138,240 (100,531) 75,253
Other liabilities, including intercompany balances(a)(c)(d) 15,863 249 77,767 (9,510) 84,369
Loans from subsidiaries(b) 12,316 2,420 (14,736) – –
Total liabilities 64,085 4,307 484,061 (110,315) 442,138
Redeemable noncontrolling interests (see Note 18):
Nonvoting, callable, junior preferred interests held by Department of
the Treasury – – – 8,427 8,427
Other – – 29 67 96
Total redeemable noncontrolling interests – – 29 8,494 8,523
Total AIG shareholders’ equity 101,538 30,789 78,996 (109,785) 101,538
Non-redeemable noncontrolling interests – – 392 463 855
Total equity 101,538 30,789 79,388 (109,322) 102,393
Total liabilities and equity $ 165,623 $ 35,096 $ 563,478 $ (211,143) $ 553,054
(a) Includes intercompany derivative asset positions, which are reported at fair value before credit valuation adjustment.
(b) Eliminated in consolidation.
(c) For December 31, 2012 and December 31, 2011, includes intercompany tax payable of $6.1 billion and $9.8 billion, respectively, and intercompany
derivative liabilities of $602 million and $901 million, respectively, for American International Group, Inc. (As Guarantor) and intercompany tax receivable of
$120 million and $128 million, respectively, for SAFG, Inc.
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AIG 2012 Form 10-K 337
American
International Reclassifications
Group, Inc. Other and Consolidated
(in millions) (As Guarantor) SAFG, Inc. Subsidiaries Eliminations AIG
$ 14,764 $ – $ 18,323 $ (4,279) $ 28,808
3,902 – 345,706 (2,592) 347,016
18,666 – 364,029 (6,871) 375,824
81 73 997 – 1,151
35,064 – 5,169 (40,233) –
70,781 43,891 (28,239) (86,433) –
23,153 150 121,345 (4,955) 139,693
– – 31,965 – 31,965
$ 147,745 $ 44,114 $ 495,266 $ (138,492) $ 548,633
$ – $ – $ 280,487 $ (235) $ 280,252
36,366 1,638 10,197 299 48,500
12,375 261 90,022 (9,146) 93,512
1,002 472 41,754 (43,228) –
– – 27,366 – 27,366
49,743 2,371 449,826 (52,310) 449,630
– – 192 142 334
– – 192 142 334
98,002 41,743 44,955 (86,698) 98,002
– – 293 374 667
98,002 41,743 45,248 (86,324) 98,669
$ 147,745 $ 44,114 $ 495,266 $ (138,492) $ 548,633
ITEM 8 / NOTE 27. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT