AIG 2014 Annual Report Download - page 244

ITEM 8 / NOTE 3. SEGMENT INFORMATION
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227
Net realized capital gains 1,939 - - - 1,939
Loss from divested businesses 4,420 - - 76 (177)
Legal settlements related to legacy crisis matters 1,152 - - - 1,152
Legal reserves related to legacy crisis matters - - - - (444)
Pre-tax income $ 68,874 $ 15,810 $ 2,142 $ 4,713 $ 9,368
2012
Commercial Insurance
Property Casualty $ 24,799 $ 3,951 $ 6 $ 2,736 $ 1,681
Mortgage Guaranty 861 146 - 44 9
Institutional Markets 2,626 2,066 - (40) 525
Total Commercial Insurance 28,286 6,163 6 2,740 2,215
Consumer Insurance
Retirement 8,709 6,502 - 1 2,801
Life 6,457 2,283 4 267 736
Personal Insurance 13,580 477 - 2,106 199
Total Consumer Insurance 28,746 9,262 4 2,374 3,736
Corporate and Other
Direct Investment book 1,607 - 369 (121) 1,215
Global Capital Markets 749 - - - 557
Retained Interest 4,957 4,957 - - 4,957
AIG Parent and Othe
r
*
2,028 459 2,264 316 (2,724)
Aircraft Leasing - - - - -
Consolidation and elimination (405) - (27) - -
Total Corporate and Other 8,936 5,416 2,606 195 4,005
AIG Consolidation and elimination (589) (535) (297) (2) (18)
Total AIG Consolidated pre-tax operating income $ 65,379 $ 20,306 $ 2,319 $ 5,307 $ 9,938
Reconciling Items from pre-tax operating income to pre-tax income:
Changes in fair values of fixed maturity securities designated to
living benefit liabilities, net of interest expense 37 37 - - 37
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains - - - - (1,213)
Loss on extinguishment of debt - - - - (32)
Net realized capital gains 1,086 - - - 1,086
Loss from divested businesses 4,502 - - 2,042 (6,411)
Legal settlements related to legacy crisis matters 210 - - - 210
Legal reserves related to legacy crisis matters - - - - (754)
Non-qualifying derivative hedging gains, excluding net RCG - - - - 30
Pre-tax income $ 71,214 $ 20,343 $ 2,319 $ 7,349 $ 2,891
* Includes Run-off Insurance Lines and Other Businesses.
The following table presents AIG’s year-end identifiable assets and capital expenditures by reportable segment:
Year-End Identifiable Assets Capital Expenditures
(in millions) 2014 2013 2014 2013
Total Non-Life Insurance Companies $164,299 $ 168,738 $ 697 $ 370
Total Life Insurance Companies 301,295 287,464 114 66
Corporate and Other
Direct Investment book 15,263 23,541 - -
Global Capital Markets 3,270 6,406 --
AIG Parent and Other 91,277 88,270 523 413
Aircraft Leasing* - 39,313 498 1,883
Consolidation and Elimination 49,584 34,031 --
Total Corporate and Other 159,394 191,561 1,021 2,296
AIG Consolidation and Elimination (109,407) (106,434) --
Total Assets $515,581 $ 541,329 $ 1,832 $ 2,732
* 2013 includes Aircraft Leasing assets classified as assets held-for-sale on the Consolidated Balance Sheets.