AIG 2013 Annual Report Download - page 349

The following condensed consolidating financial statements reflect the results of AIG Life Holdings, Inc. (AIGLH), a
holding company and a wholly owned subsidiary of AIG. AIG provides a full and unconditional guarantee of all
outstanding debt of AIGLH.
Assets:
Short-term investments
Other investments(a)
Total investments
Cash
Loans to subsidiaries(b)
Investment in consolidated subsidiaries(b)
Other assets, including deferred income taxes
Assets held for sale
Total assets
Liabilities:
Insurance liabilities
Long-term debt
Other liabilities, including intercompany balances(a)(c)
Loans from subsidiaries(b)
Liabilities held for sale
Total liabilities
Redeemable noncontrolling interests (see Note 17)
Total AIG shareholders’ equity
Non-redeemable noncontrolling interests
Total equity
Total liabilities and equity
Assets:
Short-term investments $ 14,764 $ – $ 17,061 $ (3,017) $ 28,808
Other investments(a) 3,902 – 343,114 – 347,016
Total investments 18,666 – 360,175 (3,017) 375,824
Cash 81 73 997 – 1,151
Loans to subsidiaries(b) 35,064 – (2,251) (32,813) –
Investment in consolidated subsidiaries(b) 70,781 43,891 – (114,672) –
Other assets, including deferred income taxes 23,153 150 120,575 (4,185) 139,693
Assets held for sale – – 31,965 – 31,965
Total assets $ 147,745 $ 44,114 $ 511,461 $ (154,687) $ 548,633
Liabilities:
Insurance liabilities $ – $ – $ 280,434 $ (136) $ 280,298
Long-term debt 36,366 1,638 10,496 – 48,500
Other liabilities, including intercompany balances(a)(c) 12,375 261 84,761 (3,931) 93,466
Loans from subsidiaries(b) 1,002 472 34,500 (35,974) –
Liabilities held for sale – – 27,366 – 27,366
Total liabilities 49,743 2,371 437,557 (40,041) 449,630
Redeemable noncontrolling interests (see Note 17) – – 334 – 334
Total AIG shareholders’ equity 98,002 41,743 72,903 (114,646) 98,002
Non-redeemable noncontrolling interests – – 667 – 667
Total equity 98,002 41,743 73,570 (114,646) 98,669
Total liabilities and equity $ 147,745 $ 44,114 $ 511,461 $ (154,687) $ 548,633
(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment.
(b) Eliminated in consolidation.
(c) For December 31, 2013 and December 31, 2012, includes intercompany tax payable of $1.4 billion and $6.1 billion, respectively, and
intercompany derivative liabilities of $249 million and $602 million, respectively, for American International Group, Inc. (As Guarantor) and
intercompany tax receivables of $98 million and $120 million, respectively, for AIGLH.
26. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT
Condensed Consolidating Balance Sheets
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AIG 2013 Form 10-K 331
ITEM 8 / NOTE 26. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT
American
International Reclassifications
Group, Inc. Other and Consolidated
(in millions) (As Guarantor) AIGLH Subsidiaries Eliminations AIG
December 31, 2013
$ 11,965 $ – $ 11,404 $ (1,752) $ 21,617
7,561 – 327,250 – 334,811
19,526 – 338,654 (1,752) 356,428
30 51 2,160 – 2,241
31,220 – 854 (32,074) –
66,201 39,103 – (105,304) –
21,606 112 132,492 (1,086) 153,124
– – 29,536 – 29,536
$ 138,583 $ 39,266 $ 503,696 $ (140,216) $ 541,329
$ – $ – $ 271,252 $ – $ 271,252
30,839 1,352 9,502 – 41,693
6,422 161 98,908 (2,766) 102,725
852 200 31,173 (32,225) –
– – 24,548 – 24,548
38,113 1,713 435,383 (34,991) 440,218
– – 30 – 30
100,470 37,553 67,672 (105,225) 100,470
– – 611 – 611
100,470 37,553 68,283 (105,225) 101,081
$ 138,583 $ 39,266 $ 503,696 $ (140,216) $ 541,329
December 31, 2012
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