AIG 2015 Annual Report Download - page 244

ITEM 8 / NOTE 3. SEGMENT INFORMATION
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The following table presents AIG’s continuing operations by reportable segment:
Net Depreciation Pre-Tax
Total Investment Interest and Operating
(in millions) Revenues Income Expense Amortization Income (Loss)
2015
Commercial Insurance
Property Casualty $23,625 $3,596 $12 $ 2,255 $593
Mortgage Guaranty 1,051 139 - 64 644
Institutional Markets 3,518 1,739 11 (177) 415
Total Commercial Insurance 28,194 5,474 23 2,142 1,652
Consumer Insurance
Retirement 9,298 6,002 39 (98) 2,839
Life 6,393 2,100 14 205 465
Personal Insurance 11,378 220 1 1,944 74
Total Consumer Insurance 27,069 8,322 54 2,051 3,378
Corporate and Other 2,901 617 1,313 426 (883)
AIG Consolidation and elimination (573) (317) (109) 10 (92)
Total AIG Consolidated pre-tax operating income $57,591 $14,096 $1,281 $ 4,629 $4,055
Reconciling Items from pre-tax operating income to pre-tax income:
Changes in fair value of securities used to hedge guaranteed
living benefits (43) (43) - - (43)
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains - - - - (15)
Other income (expense) - net - - - - (233)
Loss on extinguishment of debt - - - - (756)
Net realized capital gains 776 - - - 776
Income from divested businesses (48) - - - (59)
Non-operating litigation reserves and settlements 94 - - - 82
Reserve development related to non-operating run-off insurance
business - - - - (30)
Restructuring and other costs - - - - (496)
Other (43) - - - -
Pre-tax income $58,327 $14,053 $1,281 $ 4,629 $3,281
2014
Commercial Insurance
Property Casualty $ 25,183 $ 4,298 $ - $ 2,445 $ 4,248
Mortgage Guaranty 1,042 138 - 56 592
Institutional Markets 2,576 1,957 7 (215) 670
Total Commercial Insurance 28,801 6,393 7 2,286 5,510
Consumer Insurance
Retirement 9,784 6,489 23 (231) 3,495
Life 6,321 2,199 7 130 580
Personal Insurance 12,364 394 2 2,067 399
Total Consumer Insurance 28,469 9,082 32 1,966 4,474
Corporate and Other 4,206 700 1,805 346 (379)
AIG Consolidation and elimination (475) (356) (126) (181) (31)
Total AIG Consolidated pre-tax operating income $ 61,001 $ 15,819 $ 1,718 $ 4,417 $ 9,574
Reconciling Items from pre-tax operating income to pre-tax income:
Changes in fair value of securities used to hedge guaranteed
living benefits 260 260 - - 260
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains - - - - (217)
Other income (expense) - net - - - - -
Loss on extinguishment of debt - - - - (2,282)
Net realized capital gains 739 - - - 739
Loss from divested businesses 1,602 - - 31 2,169
Non-operating litigation reserves and settlements 804 - - - 258
Reserve development related to non-operating run-off insurance
business - - - - -
Restructuring and other costs - - - - -
Other - - - - -
Pre-tax income $ 64,406 $ 16,079 $ 1,718 $ 4,448 $ 10,501
2013
Commercial Insurance
Property Casualty $ 25,108 $ 4,431 $ 8 $ 2,393 $ 4,095
Mortgage Guaranty 941 132 - 50 205