AIG 2015 Annual Report Download - page 119
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ITEM 7 / INVESTMENTS
119
The following table presents the fair value of our aggregate European credit exposures by major sector for our fixed
maturity securities:
December 31, 2015
Non- December 31,
Financial Financial Structured 2014
(in millions) Sovereign Institution Corporates Products Total Total
Euro-Zone countries:
France $ 784 $1,215 $2,019 $- $ 4,018 $ 4,498
Netherlands 511 991 1,505 397 3,404 4,276
Germany 832 285 2,227 21 3,365 4,155
Ireland 2 - 598 674 1,274 850
Spain 29 90 968 15 1,102 1,557
Italy 19 115 863 12 1,009 1,245
Belgium 219 120 516 - 855 973
Luxembourg -18 448 30 496 243
Finland 65 34 130 - 229 235
Austria 104 317 - 124 155
Other - EuroZone 680 48 200 1 929 1,022
Total Euro-Zone $ 3,245 $2,919 $9,491 $1,150 $ 16,805 $ 19,209
Remainder of Europe
United Kingdom $ 661 $2,968 $8,015 $3,642 $ 15,286 $ 16,076
Switzerland 49 1,195 1,275 - 2,519 2,941
Sweden 144 488 195 - 827 1,135
Norway 503 43 142 - 688 846
Russian Federation 36 878 - 122 311
Other - Remainder of Europe 198 119 111 15 443 494
Total - Remainder of Europe $ 1,591 $4,821 $9,816 $3,657 $ 19,885 $ 21,803
Tot al $ 4,836 $7,740 $19,307 $4,807 $ 36,690 $ 41,012
Investments in Municipal Bonds
At December 31, 2015, the U.S. municipal bond portfolio was composed primarily of essential service revenue bonds and
high-quality tax-backed bonds with over 95 percent of the portfolio rated A or higher.