AIG 2015 Annual Report Download - page 125
Download and view the complete annual report
Please find page 125 of the 2015 AIG annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
-
279
-
280
-
281
-
282
-
283
-
284
-
285
-
286
-
287
-
288
-
289
-
290
-
291
-
292
-
293
-
294
-
295
-
296
-
297
-
298
-
299
-
300
-
301
-
302
-
303
-
304
-
305
-
306
-
307
-
308
-
309
-
310
-
311
-
312
-
313
-
314
-
315
-
316
-
317
-
318
-
319
-
320
-
321
-
322
-
323
-
324
-
325
-
326
-
327
-
328
-
329
-
330
-
331
-
332
-
333
-
334
-
335
-
336
-
337
-
338
-
339
-
340
-
341
-
342
-
343
-
344
-
345
-
346
-
347
-
348
-
349
-
350
-
351
-
352
-
353
-
354
-
355
-
356
-
357
-
358
-
359
-
360
-
361
-
362
-
363
-
364
-
365
-
366
-
367
-
368
-
369
-
370
-
371
-
372
-
373
-
374
-
375
-
376
 |
 |
ITEM 7 / INVESTMENTS
125
Investments in CDOs
The following table presents our CDO available for sale investments by collateral type:
Fair value at Fair value at
December 31, December 31,
(in millions) 2015 2014
Collateral Type:
Bank loans (CLO) $ 7,962 $ 6,683
Other 153 388
Total $ 8,115 $ 7,071
The following table presents our CDO available for sale investments by credit rating:
Fair Value at Fair Value at
December 31, December 31,
(in millions) 2015 2014
Rating:
AAA $ 2,870 $ 1,922
AA 2,543 2,135
A 2,247 2,317
BBB 298 366
Below investment grade 157 331
Total $ 8,115 $ 7,071
Commercial Mortgage Loans
At December 31, 2015, we had direct commercial mortgage loan exposure of $22.1 billion of which, approximately 99 percent
of the loans were current.
The following table presents the commercial mortgage loan exposure by location and class of loan based on
amortized cost:
Number Percent
of Class of
(dollars in millions) Loans Apartments Offices Retail Industrial Hotel Others Total Total
December 31, 2015
State:
New York 97 $ 823 $2,968 $516 $301 $166 $ 186 $4,960 22 %
California 95 87 547 433 533 788 308 2,696 12
Texas 60 120 696 106 147 187 48 1,304 6
New Jersey 45 441 338 324 -29 33 1,165 5
Florida 78 187 113 374 116 20 146 956 4
Illinois 21 174 369 21 32 36 23 655 3
Massachusetts 19 56 168 360 -- 33 617 3
Connecticut 20 314 152 23 81 - - 570 3
Pennsylvania 28 6 29 436 62 27 4 564 3
Ohio 37 122 28 211 67 - 5 433 2
Other states 302 1,118 1,203 1,514 414 595 229 5,073 23
Foreign 47 471 1,234 520 161 250 438 3,074 14
Tot al* 849 $ 3,919 $7,845 $4,838 $1,914 $2,098 $ 1,453 $22,067 100 %