AIG 2012 Annual Report Download - page 383

Valuation and Qualifying Accounts
Schedule V
For the years ended December 31, 2012, 2011 and 2010
2012
Allowance for mortgage and
other loans receivable
Allowance for premiums and
insurances balances
receivable
Allowance for reinsurance
assets
Federal and foreign
valuation allowance for
deferred tax assets
2011
Allowance for mortgage and
other loans receivable $ 878 $ (18) $ (125) $ 22 $ – $ (55) $ 38 $ 740
Allowance for premiums and
insurances balances
receivable 515 63 (94) – – – – 484
Allowance for reinsurance
assets 492 (116) (63) – – – 51 364
Federal and foreign
valuation allowance for
deferred tax assets 27,548 (18,307) – – – – 1,806 11,047
2010
Allowance for mortgage and
other loans receivable $ 2,444 $ 348 $ (354) $ 125 $ (58) $ (1,635) $ 8 $ 878
Allowance for premiums and
insurances balances
receivable 537 87 (113) (2) – (7) 13 515
Allowance for reinsurance
assets 440 3 14 (4) – – 39 492
Federal and foreign
valuation allowance for
deferred tax assets 25,605 1,361 – 1,292 – – (710) 27,548
* Includes recoveries of amounts previously charged off and reclassifications to/from other accounts.
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AIG 2012 Form 10-K366
Additions Reclassified
Balance, Charged to Activity of to Assets of
Beginning Costs and Discontinued Businesses Divested Other Balance,
(in millions) of year Expenses Charge Offs Operations Held for Sale Businesses Changes*End of year
$ 740 $ (103) $ (43) $ (205) $ – $ – $ 16 $ 405
484 174 (36) – – – 2 624
364 (4) (1) – – – (21) 338
11,047 (1,907) – – – – (1,104) 8,036