AIG 2015 Annual Report Download - page 268

ITEM 8 / NOTE 5. INVESTMENTS
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268
Securities Available for Sale
The following table presents the amortized cost or cost and fair value of our available for sale securities:
Other-Than-
Amortized Gross Gross Temporary
Cost or Unrealized Unrealized Fair Impairments
(in millions) Cost Gains Losses Value in AOCI(a)
December 31, 2015
Bonds available for sale:
U.S. government and government sponsored entities $1,698 $155 $(9) $ 1,844 $ -
Obligations of states, municipalities and political subdivisions 26,003 1,424 (104) 27,323 19
Non-U.S. governments 17,752 805 (362) 18,195 -
Corporate debt 133,513 6,462 (3,987)
135,988 (87)
Mortgage-backed, asset-backed and collateralized:
RMBS 33,878 2,760 (411)
36,227 1,326
CMBS 13,139 561 (129)
13,571 185
CDO/ABS 14,985 360 (248)
15,097 39
Total mortgage-backed, asset-backed and collateralized 62,002 3,681 (788)
64,895 1,550
Total bonds available for sale(b) 240,968 12,527 (5,250) 248,245 1,482
Equity securities available for sale:
Common stock 913 1,504 (16)
2,401 -
Preferred stock 19 3- 22 -
Mutual funds 447 53 (8)
492 -
Total equity securities available for sale 1,379 1,560 (24) 2,915 -
Total $242,347 $14,087 $(5,274) $ 251,160 $1,482
December 31, 2014
Bonds available for sale:
U.S. government and government sponsored entities $ 2,806 $ 204 $ (18) $ 2,992 $ -
Obligations of states, municipalities and political subdivisions 25,979 1,729 (49) 27,659 (13)
Non-U.S. governments 20,280 966 (151) 21,095 -
Corporate debt 134,961 10,594 (1,122)
144,433 64
Mortgage-backed, asset-backed and collateralized:
RMBS 34,377 3,435 (292)
37,520 1,767
CMBS 12,129 815 (59) 12,885 215
CDO/ABS 12,775 628 (128) 13,275 47
Total mortgage-backed, asset-backed and collateralized 59,281 4,878 (479) 63,680 2,029
Total bonds available for sale(b) 243,307 18,371 (1,819) 259,859 2,080
Equity securities available for sale:
Common stock 1,185 2,461 (17) 3,629 -
Preferred stock 21 4 - 25 -
Mutual funds 724 54 (37) 741 -
Total equity securities available for sale 1,930 2,519 (54) 4,395 -
Total $ 245,237 $ 20,890 $ (1,873) $ 264,254 $ 2,080
(a) Represents the amount of other-than-temporary impairments recognized in Accumulated other comprehensive income. Amount includes unrealized gains
and losses on impaired securities relating to changes in the fair value of such securities subsequent to the impairment measurement date.
(b) At December 31, 2015 and 2014, bonds available for sale held by us that were below investment grade or not rated totaled $34.9 billion and $35.1 billion,
respectively.