AIG 2013 Annual Report Download - page 173

The following table presents our CDO available for sale investments by credit rating:
Rating:
AAA $ 145
AA 543
A 1,303
BBB 524
Below investment grade 742
Total $ 3,257
At December 31, 2013, we had direct commercial mortgage loan exposure of $16.2 billion. At that date, over
99 percent of the loans were current.
The following table presents the commercial mortgage loan exposure by location and class of loan based on
amortized cost:
State:
California
New York
New Jersey
Florida
Texas
Connecticut
Pennsylvania
Ohio
Maryland
Massachusetts
Other states
Foreign
Total*
December 31, 2012
State:
California 153 $ 119 $ 942 $ 286 $ 640 $ 394 $ 652 $ 3,033 22%
New York 85 268 1,320 176 98 101 120 2,083 15
New Jersey 57 477 283 302 8 19 65 1,154 8
Florida 93 52 175 255 99 20 231 832 6
Texas 58 37 294 154 208 101 32 826 6
Pennsylvania 57 48 99 171 119 17 13 467 3
Ohio 54 167 40 98 64 38 10 417 3
Colorado 19 11 198 1 – 97 58 365 3
Maryland 21 22 145 170 13 4 4 358 3
Virginia 25 38 186 50 10 17 – 301 2
Other states 333 359 1,253 1,010 397 345 465 3,829 28
Foreign 61 1––––1221231
Total*1,016 $ 1,599 $ 4,935 $ 2,673 $ 1,656 $ 1,153 $ 1,772 $ 13,788 100%
* Excludes portfolio valuation losses.
See Note 6 to the Consolidated Financial Statements for further discussion.
Commercial Mortgage Loans
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AIG 2013 Form 10-K 155
ITEM 7 / INVESTMENTS
Fair Value at Fair Value at
December 31, December 31,
(in millions) 2013 2012
$ 594
1,374
2,158
499
517
$ 5,142
Number Percent
Class
of of
(dollars in millions) Loans Apartments Offices Retails Industrials Hotels Others Total Total
December 31, 2013
142 $ 30 $ 804 $ 429 $ 515 $ 366 $ 697 $ 2,841 18%
88 662 1,472 243 68 100 152 2,697 17
53 510 326 297 7 31 42 1,213 6
94 87 170 377 123 137 165 1,059 7
54 32 184 165 182 150 62 775 5
22 279 143 5 44 – – 471 3
52 47 97 155 110 16 13 438 3
44 145 33 188 61 – 3 430 3
21 20 139 200 12 4 4 379 2
17 – 178 158 – – 34 370 2
345 666 1,203 1,158 416 525 490 4,458 27
63 361 139 – 69 102 393 1,064 7
995 $ 2,839 $ 4,888 $ 3,375 $ 1,607 $ 1,431 $ 2,055 $ 16,195 100%
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