AIG 2015 Annual Report Download - page 270
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ITEM 8 / NOTE 5. INVESTMENTS
270
Contractual Maturities of Fixed Maturity Securities Available for Sale
The following table presents the amortized cost and fair value of fixed maturity securities available for sale by
contractual maturity:
Total Fixed Maturity Securities Fixed Maturity Securities Available
December 31, 2015 Available for Sale for Sale in a Loss Position
(in millions) Amortized Cost Fair Value Amortized Cost Fair Value
Due in one year or less $9,176 $9,277 $ 1,122 $1,103
Due after one year through five years 47,230 49,196 9,847 9,494
Due after five years through ten years 54,120 54,459 22,296 20,686
Due after ten years 68,440 70,418 26,235 23,755
Mortgage-backed, asset-backed and collateralized 62,002 64,895 26,271 25,483
Tot al $240,968 $248,245 $ 85,771 $80,521
December 31, 2014
Due in one year or less $ 9,821 $ 9,975 $ 637 $ 620
Due after one year through five years 48,352 50,873 6,669 6,529
Due after five years through ten years 62,685 65,889 12,873 12,338
Due after ten years 63,168 69,442 10,255 9,607
Mortgage-backed, asset-backed and collateralized 59,281 63,680 17,120 16,641
Total $ 243,307 $ 259,859 $ 47,554 $ 45,735
Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay certain
obligations with or without call or prepayment penalties.
The following table presents the gross realized gains and gross realized losses from sales or maturities of our
available for sale securities:
Years Ended December 31,
2015 2014 2013
Gross Gross Gross Gross Gross Gross
Realized Realized Realized Realized Realized Realized
(in millions) Gains Losses Gains Losses Gains Losses
Fixed maturity securities $517 $423 $ 703 $ 118 $ 2,634 $ 202
Equity securities 1,060 28 135 24 130 19
Tot al $1,577 $451 $ 838 $ 142 $ 2,764 $ 221
For the years ended December 31, 2015, 2014 and 2013, the aggregate fair value of available for sale securities sold was
$28.7 billion, $25.3 billion and $35.9 billion, which resulted in net realized capital gains of $1.1 billion, $0.7 billion and $2.5
billion, respectively.