AIG 2015 Annual Report Download - page 128

ITEM 7 / INVESTMENTS
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128
For the Year Ended December 31, 2014
Impairment Type:
Severity $ - $ - $ - $ - $ 3 $ 3
Change in intent - - - 27 13 40
Foreign currency declines - - - 19 - 19
Issuer-specific credit events 80 9 21 8 51 169
Adverse projected cash flows 16 - - - - 16
Total $ 96 $ 9 $ 21 $ 54 $ 67 $ 247
For the Year Ended December 31, 2013
Impairment Type:
Severity $ - $ - $ - $ - $ 6 $ 6
Change in intent 1 - - 46 1 48
Foreign currency declines - - - 1 - 1
Issuer-specific credit events 36 5 50 27 52 170
Adverse projected cash flows 7 - - - - 7
Total $ 44 $ 5 $ 50 $ 74 $ 59 $ 232
* Includes other-than-temporary impairment charges on private equity funds, hedge funds and direct private equity investments.
Other-than-temporary impairment charges by investment type and credit rating:
Other Fixed Equities/Other
(in millions) RMBS CDO/ABS CMBS Maturity Invested Assets*Total
For the Year Ended December 31, 2015
Rating:
AAA $ - $ - $ - $ 12 $ - $ 12
AA - - - 12 -12
A - - - 12 -12
BBB 2 - - 50 -52
Below investment grade 100 322 208 -333
Non-rated - - - 4 246 250
Tot al $102 $ 3 $ 22 $298 $246 $671
For the Year Ended December 31, 2014
Rating:
AAA $ - $ - $ - $ 4 $ - $ 4
AA 3 - - 2 - 5
A - - - 2 - 2
BBB 2 - - 11 - 13
Below investment grade 91 5 21 35 - 152
Non-rated - 4 - - 67 71
Total $ 96 $ 9 $ 21 $ 54 $ 67 $ 247
For the Year Ended December 31, 2013
Rating:
AAA $ 1 $ - $ - $ - $ - $ 1
AA 2 - - - - 2
A 1 - - - - 1
BBB 1 - - 44 - 45
Below investment grade 39 5 50 29 - 123
Non-rated - - - 1 59 60
Total $ 44 $ 5 $ 50 $ 74 $ 59 $ 232
* Includes other-than-temporary impairment charges on private equity funds, hedge funds and direct private equity investments.