AIG 2015 Annual Report Download - page 121
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ITEM 7 / INVESTMENTS
121
(b) At December 31, 2015 and December 31, 2014, approximately 91 percent and 93 percent, respectively, of these investments were rated investment grade.
Our investments in the energy category, as a percentage of total investments in available-for-sale fixed maturities, were 5.6
percent and 6.4 percent at December 31, 2015 and 2014, respectively. The decline in energy exposure from December 31,
2014 resulted from unrealized losses due to reduction in the energy sector pricing, sales of securities and other-than-
temporary impairments. While the energy investments are primarily investment grade and are actively managed, the category
continues to experience volatility that could adversely affect credit quality and fair value.
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) 2015 2014
Total RMBS
2015 $2,273 $-
2014 1,096 871
2013 2,178 2,724
2012 1,944 2,382
2011 4,800 5,310
2010 and prior* 23,936 26,233
Total RMBS $36,227 $ 37,520
Agency
2015 $2,025 $-
2014 1,000 799
2013 2,094 2,625
2012 1,877 2,234
2011 2,927 3,428
2010 and prior 2,628 3,324
Total Agency $12,551 $ 12,410
Alt-A
2015 - -
2014 - -
2013 - -
2012 - -
2011 $- $-
2010 and prior 12,831 13,001
Total Alt-A $12,831 $ 13,001
Subprime
2015 - -
2014 - -
2013 - -
2012 - -
2011 - -
2010 and prior $2,376 $ 2,423
Total Subprime $2,376 $ 2,423