AIG 2014 Annual Report Download - page 131
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ITEM 7 / INVESTMENTS
114
Basic 9,187 9,855
Other 16,952 16,207
Tota l * $144,433 $ 144,552
* At both December 31, 2014 and December 31, 2013, approximately 93 percent of these investments were rated investment grade.
Investments in RMBS
The following table presents AIG’s RMBS available for sale investments by year of vintage:
Fair Value at Fair Value at
December 31, December 31,
(in millions) 2014 2013
Total RMBS
2014 $871 $-
2013 2,724 2,371
2012 2,382 2,375
2011 5,310 5,736
2010 1,596 1,843
2009 and prior* 24,637 23,823
Total RMBS $37,520 $ 36,148
Agency
2014 $799 $-
2013 2,625 2,259
2012 2,234 2,164
2011 3,428 3,860
2010 1,571 1,797
2009 and prior 1,753 2,136
Total Agency $12,410 $ 12,216
Alt-A
2014 - -
2013 - -
2012 - -
2011 - -
2010 $26 $37
2009 and prior 12,975 10,894
Total Alt-A $13,001 $ 10,931
Subprime
2014 - -
2013 - -
2012 - -
2011 - -
2010 - -
2009 and prior $2,423 $ 2,386
Total Subprime $2,423 $ 2,386
Prime non-agency
2014 $- $-
2013 8 27
2012 126 202
2011 1,882 1,876
2010 - 9
2009 and prior 7,047 7,944
Total Prime non-agency $9,063 $ 10,058
Total Other housing related $623 $ 557
* Includes approximately $13.5 billion and $11.3 billion at December 31, 2014 and 2013, respectively, of certain RMBS that had experienced deterioration in
credit quality since their origination. See Note 6, Investments – Purchase Credit Impaired (PCI) Securities to the Consolidated Financial Statements for
additional discussion.