AIG 2015 Annual Report Download - page 155

ITEM 7 / LIQUIDITY AND CAPITAL RESOURCES
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Liquidity and Capital Resources Activity for 2015
Sources
• AIG Parent Funding from Subsidiaries
During 2015, AIG Parent received $7.8 billion(a) in dividends and loan repayments from subsidiaries. Of this amount, $3.2
billion was dividends in the form of cash and fixed maturity securities from our Non-Life Insurance Companies and $4.6
billion(a) was dividends and loan repayments in the form of cash and fixed maturity securities from our Life Insurance
Companies. The $7.8 billion in dividends and loan repayments included $2.8 billion of dividends that were declared
during the fourth quarter of 2014.
AIG Parent also received a net amount of $1.4 billion(a) in tax sharing payments from our insurance businesses in 2015,
reflecting $102 million(a) that was reimbursed from AIG Parent to our insurance businesses during the fourth quarter of
2015 as a result of adjustments made to prior-year tax sharing payments. The tax sharing payments may continue to be
subject to adjustment in future periods.
 Debt Issuances
In January 2015, we issued $1.2 billion aggregate principal amount of 3.875% Notes due 2035 and $800 million
aggregate principal amount of 4.375% Notes due 2055.
In March 2015, we issued $350 million aggregate principal amount of 4.35% Callable Notes due 2045.
In July 2015, we issued $1.25 billion aggregate principal amount of 3.750% Notes due 2025, $500 million aggregate
principal amount of 4.700% Notes due 2035 and $750 million aggregate principal amount of 4.800% Notes due 2045. In
addition, in July 2015, we issued $290 million aggregate principal amount of 4.90% Callable Notes due 2045.
In September 2015, we issued $420 million aggregate principal amount of 4.90% Callable Notes due 2045.
 PICC P&C and Springleaf
In April 2015, AIG Parent received gross proceeds of approximately $500 million from our sale of 256 million ordinary H
shares of PICC P&C by means of a placement to certain institutional investors.
In May 2015, AIG Parent received net proceeds of approximately $410 million from the sale of approximately 8.4 million
shares of common stock of Springleaf.
In December 2015, AIG Parent received gross proceeds of approximately $381 million from our sale of 184 million
ordinary H shares of PICC P&C by means of a placement to certain institutional investors.
 AerCap
In June 2015, AIG Parent received net proceeds of approximately $3.7 billion from the sale of approximately 86.9 million
ordinary shares of AerCap by means of an underwritten public offering of approximately 71.2 million ordinary shares and
a private sale of approximately 15.7 million ordinary shares to AerCap.
In August 2015, AIG Parent received net proceeds of approximately $500 million from the sale of our remaining
approximately 10.7 million ordinary shares of AerCap by means of an underwritten public offering.