AIG 2014 Annual Report Download - page 228

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AMERICAN INTERNATIONAL GROUP, INC.
CONSOLIDATED BALANCE SHEETS
December 31, December 31,
(in millions, except for share data) 2014 2013
Assets:
Investments:
Fixed maturity securities:
Bonds available for sale, at fair value (amortized cost: 2014 - $243,307; 2013 - $248,531) $ 259,859 $258,274
Other bond securities, at fair value (See Note 6) 19,712 22,623
Equity Securities:
Common and preferred stock available for sale, at fair value (cost: 2014 - $1,930; 2013 - $1,726) 4,395 3,656
Other common and preferred stock, at fair value (See Note 6) 1,049 834
Mortgage and other loans receivable, net of allowance (portion measured at fair value: 2014 - $6; 2013 - $0) 24,990 20,765
Other invested assets (portion measured at fair value: 2014 - $9,394; 2013 - $8,598) 34,518 28,659
Short-term investments (portion measured at fair value: 2014 - $1,684; 2013 - $6,313) 11,243 21,617
Tota l in ve stm en t s 355,766 356,428
Cash 1,758 2,241
Accrued investment income 2,712 2,905
Premiums and other receivables, net of allowance 12,031 12,939
Reinsurance assets, net of allowance 21,959 23,829
Deferred income taxes 19,339 21,925
Deferred policy acquisition costs 9,827 9,436
Derivative assets, at fair value 1,604 1,665
Other assets, including restricted cash of $2,025 in 2014 and $865 in 2013 (portion measured at fair value:
2014 - $0; 2013 - $418) 10,549 9,366
Separate account assets, at fair value 80,036 71,059
Assets held for sale -29,536
Total assets $ 515,581 $541,329
Liabilities:
Liability for unpaid losses and loss adjustment expenses $ 77,260 $81,547
Unearned premiums 21,324 21,953
Future policy benefits for life and accident and health insurance contracts 42,749 40,653
Policyholder contract deposits (portion measured at fair value: 2014 - $1,561; 2013 - $384) 124,613 122,016
Other policyholder funds (portion measured at fair value: 2014 - $8; 2013 - $0) 4,669 5,083
Derivative liabilities, at fair value 2,273 2,511
Other liabilities (portion measured at fair value: 2014 - $350; 2013 - $933) 24,168 29,155
Long-term debt (portion measured at fair value: 2014 - $5,466; 2013 - $6,747) 31,217 41,693
Separate account liabilities 80,036 71,059
Liabilities held for sale -24,548
Total liabilities 408,309 440,218
Contingencies, commitments and guarantees (see Note 16)
Redeemable noncontrolling interests (see Note 18) -30
AIG shareholders’ equity:
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2014 - 1,906,671,492 and
2013 - 1,906,645,689 4,766 4,766
Treasury stock, at cost; 2014 - 530,744,521; 2013 - 442,582,366 shares of common stock (19,218) (14,520)
Additional paid-in capital 80,958 80,899
Retained earnings 29,775 22,965
Accumulated other comprehensive income 10,617 6,360
Total AIG shareholders’ equity 106,898 100,470
Non-redeemable noncontrolling interests (including $100 associated with businesses held for sale in 2013) 374 611
Total equity 107,272 101,081
Total liabilities and equity $ 515,581 $541,329
See accom
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Notes to Consolidated Financial Statements.