AIG 2015 Annual Report Download - page 118
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ITEM 7 / INVESTMENTS
118
Available-for-Sale Investments
The following table presents the fair value of our available-for-sale securities:
Fair Value at Fair Value at
December 31, December 31,
(in millions) 2015 2014
Bonds available for sale:
U.S. government and government sponsored entities $ 1,844 $ 2,992
Obligations of states, municipalities and political subdivisions 27,323 27,659
Non-U.S. governments 18,195 21,095
Corporate debt 135,988 144,433
Mortgage-backed, asset-backed and collateralized:
RMBS 36,227 37,520
CMBS 13,571 12,885
CDO/ABS 15,097 13,275
Total mortgage-backed, asset-backed and collateralized 64,895 63,680
Total bonds available for sale* 248,245 259,859
Equity securities available for sale:
Common stock 2,401 3,629
Preferred stock 22 25
Mutual funds 492 741
Total equity securities available for sale 2,915 4,395
Total $ 251,160 $ 264,254
* At December 31, 2015 and 2014, the fair value of bonds available for sale held by us that were below investment grade or not rated totaled $34.9 billion and
$35.1 billion, respectively.
The following table presents the fair value of our aggregate credit exposures to non-U.S. governments for our fixed
maturity securities:
December 31,
December 31,
(in millions) 2015
2014
Japan $5,416 $ 5,728
Canada 1,453 2,181
Germany 832 1,315
France 784 614
United Kingdom 661 648
Mexico 563 661
Netherlands 511 639
Norway 503 619
Singapore 426 545
Chile 386 395
Other 6,710 7,752
Tot al $18,245 $ 21,097