AIG 2013 Annual Report Download - page 257

December 31, 2012
Assets:
Bonds available for sale:
Obligations of states,
municipalities and political
subdivisions $ 960 $ 48 $ 12 $ 84 $ 70 $ (150) $ 1,024 $ –
Non-U.S. governments 9 1 (1) 1 4 – 14 –
Corporate debt 1,935 (44) 145 24 664 (1,237) 1,487 –
RMBS 10,877 522 2,121 (316) 952 (2,494) 11,662 –
CMBS 3,955 (135) 786 636 44 (162) 5,124 –
CDO/ABS 4,220 334 289 10 691 (703) 4,841 –
Total bonds available for sale 21,956 726 3,352 439 2,425 (4,746) 24,152 –
Other bond securities:
Corporate debt 7 – – (7) – – – –
RMBS 303 76 2 (109) 128 (4) 396 42
CMBS 554 70 2 (159) 446 (101) 812 87
CDO/ABS 8,432 3,683 3 (3,968) 386 – 8,536 2,547
Total other bond securities 9,296 3,829 7 (4,243) 960 (105) 9,744 2,676
Equity securities available for
sale:
Common stock 57 22 (28) (33) 6 – 24 –
Preferred stock 99 17 (35) (36) 11 (12) 44 –
Total equity securities available for
sale 156 39 (63) (69) 17 (12) 68 –
Mortgage and other loans
receivable 1 – – (1) – – – –
Other invested assets 6,618 (95) 290 (257) 1,204 (2,371) 5,389 –
Total $ 38,027 $ 4,499 $ 3,586 $ (4,131) $ 4,606 $ (7,234) $ 39,353 $ 2,676
Liabilities:
Policyholder contract deposits $ (918) $ (275) $ (72) $ 8 $ – $ – $ (1,257) $ (276)
Derivative liabilities, net:
Interest rate contracts 785 (11) – (42) – – 732 (56)
Foreign exchange contracts 2 – – (2) – – – –
Equity contracts 28 10 – 12 (3) – 47 10
Commodity contracts 2 5 – (6) – – 1 6
Credit contracts (3,273) 638 – 644 – – (1,991) 1,172
Other contracts 33 (76) (18) 15 (116) – (162) (46)
Total derivatives liabilities, net (2,423) 566 (18) 621 (119) – (1,373) 1,086
Long-term debt (508) (411) (77) 242 (14) 424 (344) (105)
Total $ (3,849) $ (120) $ (167) $ 871 $ (133) $ 424 $ (2,974) $ 705
* Total Level 3 derivative exposures have been netted in these tables for presentation purposes only.
Net realized and unrealized gains and losses included in income related to Level 3 assets and liabilities
shown above are reported in the Consolidated Statements of Income as follows:
December 31, 2013
Bonds available for sale
Other bond securities
Equity securities available for sale
Other invested assets
Policyholder contract deposits
Derivative liabilities, net
Long-term debt
December 31, 2012
Bonds available for sale $ 906 $ (395) $ 215 $ 726
Other bond securities 3,303 – 526 3,829
Equity securities available for sale – 39 – 39
Other invested assets 54 (210) 61 (95)
Policyholder contract deposits – (275) – (275)
Derivative liabilities, net 3 26 537 566
Long-term debt – – (411) (411)
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AIG 2013 Form 10-K 239
ITEM 8 / NOTE 5. FAIR VALUE MEASUREMENTS
Net Changes in
Realized and Unrealized Gains
Unrealized Purchases, (Losses) Included
Fair Value Gains (Losses) Other Sales, Gross Gross Fair Value in Income on
Beginning Included Comprehensive Issues and Transfers Transfers End Instruments Held
(in millions) of Year*in Income Income (Loss) Settlements, Net In Out of Year at End of Year
Net Net Realized
Investment Capital Other
(in millions) Income Gains (Losses) Income Total
$ 997 $ (17) $ 109 $ 1,089
187 9 1,464 1,660
– 7–7
210 (42) 40 208
– 744 – 744
39 43 620 702
– – (137) (137)
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