AIG 2013 Annual Report Download - page 157

The following table summarizes Off-Balance Sheet Arrangements and Commercial Commitments in total, and
by remaining maturity:
Insurance operations
Guarantees:
Standby letters of credit
Guarantees of indebtedness
All other guarantees(a)
Commitments:
Investment commitments(b)
Commitments to extend credit
Letters of credit
Other commercial commitments
Total(c)
Other and Held for Sale
Guarantees:
Liquidity facilities(d)
Standby letters of credit
All other guarantees(a)
Commitments:
Investment commitments(b)
Commitments to extend credit
Letters of credit
Other commercial commitments(e)
Total(c)(f)
Consolidated
Guarantees:
Liquidity facilities(d)
Standby letters of credit
Guarantees of indebtedness
All other guarantees(a)
Commitments:
Investment commitments(b)
Commitments to extend credit
Letters of credit
Other commercial commitments(e)
Total(c)(f)
(a) Includes residual value guarantees associated with aircraft and AIG Life and Retirement construction guarantees connected to affordable housing
investments. Excludes potential amounts for indemnification obligations included in asset sales agreements. See Note 15 to the Consolidated
Financial Statements for further information on indemnification obligations.
(b) Includes commitments to invest in private equity funds, hedge funds and mutual funds and commitments to purchase and develop real estate in
the United States and abroad. The commitments to invest in private equity funds, hedge funds and other funds are called at the discretion of each
fund, as needed for funding new investments or expenses of the fund. The expiration of these commitments is estimated in the table above based
on the expected life cycle of the related fund, consistent with past trends of requirements for funding. Investors under these commitments are
primarily insurance and real estate subsidiaries.
(c) Does not include guarantees, capital maintenance agreements or other support arrangements among AIG consolidated entities.
(d) Primarily represents liquidity facilities provided in connection with certain municipal swap transactions and collateralized bond obligations.
(e) Excludes commitments with respect to pension plans. The annual pension contribution for 2014 is expected to be approximately $177 million for
U.S. and non-U.S. plans
(f) Includes $333 million attributable to ILFC, which is reported as held for sale.
Off-Balance Sheet Arrangements and Commercial Commitments
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AIG 2013 Form 10-K 139
ITEM 7 / LIQUIDITY AND CAPITAL RESOURCES
Amount of Commitment Expiring
December 31, 2013 Total Amounts 2015 – 2017 –
(in millions) Committed 2014 2016 2018 Thereafter
$ 869 $ 8 $ 184 $ 600 $ 77
169 – – – 169
8––1 7
2,078 1,454 496 123 5
1,090 1,001 89 – –
66–– –
627 – – – 627
$ 4,847 $ 2,469 $ 769 $ 724 $ 885
$ 101 $ – $ – $ – $ 101
241 236 4 1 –
148 15 23 50 60
338 254 39 7 38
21–– 1
24 24 – – –
4 5 – – (1)
$ 858 $ 535 $ 66 $ 58 $ 199
$ 101 $ – $ – $ – $ 101
1,110 244 188 601 77
169 – – – 169
156 15 23 51 67
2,416 1,708 535 130 43
1,092 1,002 89 – 1
30 30 – – –
631 5 – – 626
$ 5,705 $ 3,004 $ 835 $ 782 $ 1,084
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