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Document and Entity Information
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9 Months Ended | |
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Sep. 30, 2013
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Oct. 25, 2013
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| Document and Entity Information | ||
| Entity Registrant Name | AMERICAN INTERNATIONAL GROUP INC | |
| Entity Central Index Key | 0000005272 | |
| Document Type | 10-Q | |
| Document Period End Date | Sep. 30, 2013 | |
| Amendment Flag | false | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Current Reporting Status | Yes | |
| Entity Filer Category | Large Accelerated Filer | |
| Entity Common Stock, Shares Outstanding | 1,472,346,407 | |
| Document Fiscal Year Focus | 2013 | |
| Document Fiscal Period Focus | Q3 |
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- Details
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total of current income taxes and deferred income taxes. Current income taxes represent the carrying amount as of the balance sheet date of income taxes previously overpaid to tax authorities representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Deferred income taxes represent the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; net of deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. No definition available.
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- Definition
Represents reinsurance assets, including amounts due from reinsurers for claims and unearned reinsurance premiums, net of an allowance for loss. No definition available.
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- Definition
Interest, dividends, rents, ancillary and other revenues earned but not yet received by the entity on its investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the sum of the carrying value of all the Assets Held-for-Sale at the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of equity securities categorized neither as held-to-maturity nor as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net amount of deferred policy acquisition costs capitalized on contracts remaining in force as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Liability (such as a mortgage) related to a disposal group that is held for sale and anticipated to be sold in less than one year. The liability is expected to be discharged as part of the plan of sale for the asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of accrued obligation to policyholders that relates to insured events for long-duration contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Excludes loans and leases covered under loss sharing agreements and loans held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other investments not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Including both current and noncurrent portions, carrying amount as of the balance sheet date of other forms of debt not elsewhere specified in the taxonomy with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Liability as of the balance sheet date to the policyholders for funds held that are returnable under the terms of insurance contracts that were not separately reported. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other investments not otherwise specified in the taxonomy that will be realized in a short period of time, usually less than one year or the normal operating cycle, whichever is longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The liability as of the balance sheet date to the policyholders for deposits held under the terms of insurance contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date, net of allowance for doubtful accounts, of all premiums and other types of receivables due from other persons or entities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
As of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of the assets held by the Entity for the benefit of separate account policyholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liability for variable contracts that meet specified criteria that are backed by assets held in separate accounts and carried at the fair value of those assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of investments in debt securities classified as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value of investments in trading equity securities and other forms of trading securities that provide ownership interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of premiums written on insurance contracts that have not been earned as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical - assets and liabilities) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
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Dec. 31, 2012
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| Assets: | ||
| Bonds available for sale, amortized cost | $ 249,062 | $ 246,149 |
| Common and preferred stock available for sale, cost | 1,626 | 1,640 |
| Mortgage and other loans receivable, portion measured at fair value | 0 | 134 |
| Other invested assets, portion measured at fair value | 8,071 | 7,056 |
| Short-term investments, portion measured at fair value | 5,373 | 8,056 |
| Other assets, restricted cash | 902 | 1,878 |
| Other assets, portion measured at fair value | 486 | 696 |
| Liabilities: | ||
| Policyholder contract deposits, portion measured at fair value | 387 | 1,257 |
| Other liabilities, portion measured at fair value | 766 | 1,080 |
| Long-term debt, portion measured at fair value | $ 6,981 | $ 8,055 |
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- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity. The fair value of investments not otherwise specified in the taxonomy. No definition available.
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- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity. The fair value of other investments not otherwise specified in the taxonomy that will be realized in a short period of time, usually less than one year or the normal operating cycle, whichever is longer. No definition available.
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- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity. The fair value of the liability as of the balance sheet date to the policyholders for deposits held under the terms of insurance contracts. No definition available.
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- Details
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- Definition
This item represents the cost of debt securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. No definition available.
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- Definition
This item represents the cost of equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments for other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. No definition available.
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- Details
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- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
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- Definition
Fair value portion of an agreement for an unconditional promise by the maker to pay the holder a definite sum of money at a future date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value portion of other assets. No definition available.
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- Definition
Fair value portion of other liabilities. No definition available.
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- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical - equity) (USD $)
In Millions, except Share data, unless otherwise specified |
Sep. 30, 2013
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Dec. 31, 2012
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| AIG shareholders' equity: | ||
| Common stock, par value (in dollars per share) | $ 2.50 | $ 2.50 |
| Common stock, shares authorized | 5,000,000,000 | 5,000,000,000 |
| Common stock, shares issued | 1,906,633,429 | 1,906,611,680 |
| Treasury stock, shares of common stock | 434,289,707 | 430,289,745 |
| Non-redeemable noncontrolling interests, associated with businesses held for sale (in dollars) | $ 100 | $ 100 |
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- Definition
The noncontrolling interest related to a disposal group that is held for sale and anticipated to be sold in less than one year. No definition available.
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- Definition
Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the net realized and unrealized gains (losses), excluding impairment losses on available-for-sale securities, included in net income for the period as the result of selling or holding invested assets. This item includes the net gain or loss realized from the sale, exchange, redemption or retirement of securities and the unrealized holding gain or loss for certain invested assets. No definition available.
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- Details
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| X | ||||||||||
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- Definition
Amount of net income (loss) for the period allocated to noncontrolling interests, other. No definition available.
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- Definition
Amount of net income (loss) for the period allocated to noncontrolling, nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of New York and the Department of the Treasury. No definition available.
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| X | ||||||||||
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- Definition
Represents the net realized gains or (losses) on investments, including available for sale and trading securities, real estate investments, loans, and derivative instruments. Also includes other-than temporary impairment charges, the provision for loan losses, foreign currency transactions and other charges related to the valuation of these investments in the period. No definition available.
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| X | ||||||||||
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- Definition
The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related to deferred policy acquisition costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of income (loss) from continuing operations attributable to the noncontrolling interest. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Income from agency and brokerage operations (includes sales of annuities and supplemental contracts); service charges, commissions, and fees from the sale of insurance and related services; and management fees from separate accounts, deferred annuities, and universal life products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Interest allocated to policyholders holding contracts under which the insurer must provide a guaranteed yield. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents a sum total of expenses not separately reflected on the income statement for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount by which the fair value of an investment in debt and equity securities categorized as Available-for-sale is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax of other than temporary impairment (OTTI) on investment in available-for-sale debt security, recognized in other comprehensive loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of other than temporary impairment losses on investments in debt and equity securities categorized as Available-for-sale which have been recognized in earnings during the period. Such impairment losses consist of other than temporary impairments (OTTI) on equity securities, credit losses on investments in debt securities, and when the entity intends to sell an impaired debt security or it is more likely than not that the entity will be required to sell the impaired debt security before recovery of its amortized cost basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to Noncontrolling Interests, Other. No definition available.
|
| X | ||||||||||
|
- Definition
Increase of liquidation value which is attributable to noncontrolling nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of New York. No definition available.
|
| X | ||||||||||
|
- Definition
Gross appreciation or the gross loss in value of the total of unsold fixed maturity investments other than investments which had been determined to have had an other than temporary credit impairment in fair value below its amortized cost basis at the end of an accounting period due to credit impairment, net of reclassification adjustments and taxes. No definition available.
|
| X | ||||||||||
|
- Definition
Gross appreciation or the gross loss in value of the total of unsold fixed maturity investments which had been determined to have had an other than temporary credit impairment in fair value below its amortized cost basis at the end of an accounting period, net of reclassification adjustments and taxes. No definition available.
|
| X | ||||||||||
|
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of (increase) decrease in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
CONDENSED CONSOLIDATED STATEMENT OF EQUITY (USD $)
In Millions, unless otherwise specified |
Total
|
Total AIG Shareholders' Equity
|
Common Stock
|
Treasury Stock
|
Additional Paid-in Capital
|
Retained Earnings (Accumulated Deficit)
|
Accumulated Other Comprehensive Income (Loss)
|
Non redeemable Non-controlling Interests
|
|---|---|---|---|---|---|---|---|---|
| Balance at Dec. 31, 2012 | $ 98,669 | $ 98,002 | $ 4,766 | $ (13,924) | $ 80,410 | $ 14,176 | $ 12,574 | $ 667 |
| Increase (Decrease) in Stockholders' Equity | ||||||||
| Purchase of common stock | (192) | (192) | (192) | |||||
| Net income (loss) attributable to AIG or other noncontrolling interests | 7,119 | 7,107 | 7,107 | 12 | ||||
| Dividends | (147) | (147) | (147) | |||||
| Other comprehensive income (loss) | (6,071) | (6,065) | (6,065) | (6) | ||||
| Deferred income taxes | (9) | (9) | (9) | |||||
| Net increase due to consolidation | 1 | 1 | ||||||
| Contributions from noncontrolling interests | 25 | 25 | ||||||
| Distributions to noncontrolling interests | (37) | (37) | ||||||
| Other | 91 | 97 | 1 | 96 | (6) | |||
| Balance at Sep. 30, 2013 | $ 99,449 | $ 98,793 | $ 4,766 | $ (14,115) | $ 80,497 | $ 21,136 | $ 6,509 | $ 656 |
| X | ||||||||||
|
- Definition
Deferred tax on component of shareholders' equity. No definition available.
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest, excluding the net gain associated with Redeemable Noncontrolling Interests. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the amount of increase in noncontrolling interest during the period resulting from the consolidation of the entity in which one or more outside parties had a noncontrolling interest. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents Other Comprehensive Income (Loss), Net of Tax, for the period. Includes deferred gains (losses) on qualifying hedges, unrealized holding gains (losses) on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of paid and unpaid common stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase in noncontrolling interest from sale of a portion of the parent's controlling interest. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents movements included in the statement of changes in stockholders' equity which are not separately disclosed or provided for elsewhere in the taxonomy. No definition available.
|
| X | ||||||||||
|
- Definition
Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Currency on hand as well as demand deposits with banks or financial institutions pertaining to discontinued operations. No definition available.
|
| X | ||||||||||
|
- Definition
Represents (a) changes in the carrying amount, net of allowance for doubtful accounts, of all premiums and other types of receivables due from other persons or entities and (b) changes in the carrying amount of the following combination (1) the known and estimated amounts owed to insurers under reinsurance treaties or other arrangements and (2) any reserves for outstanding life insurance and accident and health claims, net of applicable reinsurance. No definition available.
|
| X | ||||||||||
|
- Definition
The net change in the beginning and end of period of property casualty and life insurance reserve balances; shall be classified as cash flows from operating activities. No definition available.
|
| X | ||||||||||
|
- Definition
The net change during the reporting period in the amount of benefits the ceding insurer expects to recover on insurance policies ceded to other insurance entities as of the balance sheet date for all guaranteed benefit types and the change in funds held under reinsurance agreements or treaty (contract between the reinsurer and the ceding entity stipulating the manner in which insurance written on various risks is to be shared). No definition available.
|
| X | ||||||||||
|
- Definition
Net gains and losses on sales of securities available for sale and other assets. No definition available.
|
| X | ||||||||||
|
- Definition
The net cash inflow (outflow) during the reporting period related to the current and deferred income taxes. No definition available.
|
| X | ||||||||||
|
- Definition
The cash flows associated with short-term investments, which consist of interest-bearing cash equivalents, time deposits, and investments with original maturities within one year from the date of purchase, such as commercial paper. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow associated with mortgage loans on real estate, policy loans and collateral, commercial and guaranteed loans. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The cash inflow associated with mortgage loans on real estate, policy loans and collateral, commercial and guaranteed loans. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the purchase of trading securities that are part of the entity's investing activities. No definition available.
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the sale of trading securities that are part of the entity's investing activities. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents cash outflows for repayments of SPV preferred interest during the reporting period. No definition available.
|
| X | ||||||||||
|
- Definition
The net total of all unrealized gains/losses included in earnings. No definition available.
|
| X | ||||||||||
|
- Definition
The cash inflow from a segregated fund account during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The sum of adjustments which are added to or deducted from net income or loss, including the portion attributable to noncontrolling interest, to reflect cash provided by or used in operating activities, in accordance with the indirect cash flow method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in cash. Cash is the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of financing activities of discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of investing activities of discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of operating activities of discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the undistributed income (or loss) of equity method investments, net of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations; such investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the balance sheet value of capitalized sales costs that are associated with acquiring a new insurance customers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with other investments held by the entity for investment purposes not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The cash inflow from other long-term borrowings not otherwise defined in the taxonomy (with maturities initially due beyond one year or the normal operating cycle of the entity, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with maturities (principal being due), prepayments and calls (requests of early payments) on securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the sale and maturity (principal being due) of other investments, prepayment and call (request of early payment) of other investments not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow attributable to repayments of borrowings not otherwise defined in the taxonomy (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, after cash payment, of expenses associated with exit or disposal activities pursuant to an authorized plan and expenses resulting from the write-down of assets. Excludes expenses related to a business combination, a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for a segregated fund account during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Supplementary Disclosure of Condensed Consolidated Cash Flow Information (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Cash paid during the period for: | ||
| Interest | $ 2,951 | $ 3,056 |
| Taxes | 378 | 403 |
| Non-cash investing/financing activities: | ||
| Interest credited to policyholder contract deposits included in financing activities | $ 2,977 | $ 3,375 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Interest credited to policyholder accounts included in financing activities. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
BASIS OF PRESENTATION
|
9 Months Ended |
|---|---|
|
Sep. 30, 2013
|
|
| BASIS OF PRESENTATION | |
| BASIS OF PRESENTATION | 1. BASIS OF PRESENTATION
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG Common Stock, par value $2.50 per share (AIG Common Stock), is listed on the New York Stock Exchange (NYSE: AIG) and the Tokyo Stock Exchange. Unless the context indicates otherwise, the terms "AIG," "we," "us" or "our" mean American International Group, Inc. and its consolidated subsidiaries and the term "AIG Parent" means American International Group, Inc. and not any of its consolidated subsidiaries. These unaudited condensed consolidated financial statements do not include all disclosures that are normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States (GAAP) and should be read in conjunction with the audited consolidated financial statements and the related notes included in our Annual Report on Form 10-K for the year ended December 31, 2012 (2012 Annual Report). The condensed consolidated financial information as of December 31, 2012 included herein has been derived from audited consolidated financial statements in the 2012 Annual Report. Certain of our foreign subsidiaries included in the condensed consolidated financial statements report on different fiscal-period bases. The effect on our condensed consolidated financial condition and results of operations of all material events occurring at these subsidiaries through the date of each of the periods presented in these condensed consolidated financial statements has been recorded. In the opinion of management, these condensed consolidated financial statements contain normal recurring adjustments, including eliminations of material intercompany accounts and transactions, necessary for a fair statement of the results presented herein. Interim period operating results may not be indicative of the operating results for a full year. We evaluated the need to recognize or disclose events that occurred subsequent to September 30, 2013 and prior to the issuance of these condensed consolidated financial statements.
Presentation Changes
Advisory fee income, and the related commissions and advisory fee expenses of AIG Life and Retirement's broker dealer business, are now being presented on a gross basis within Other income and Other expenses, respectively. Previously, these amounts were included on a net basis within Policy fees in AIG's Condensed Consolidated Statements of Income and in AIG Life and Retirement's segment results. In addition, policyholder benefits related to certain payout annuities, primarily with life contingent features, are now being presented in the Condensed Consolidated Balance Sheets as Future policy benefits for life and accident and health insurance contracts instead of as Policyholder contract deposits. Prior period amounts were conformed to the current period presentation. These changes did not affect Income from continuing operations before income tax expense, Net income attributable to AIG or Total liabilities.
Use of Estimates
The preparation of financial statements in accordance with GAAP requires the application of accounting policies that often involves a significant degree of judgment. Accounting policies that are most dependent on the application of estimates and assumptions are considered our critical accounting estimates and are related to the determination of:
These accounting estimates require the use of assumptions about matters, some of which are highly uncertain at the time of estimation. To the extent actual experience differs from the assumptions used, our consolidated financial condition, results of operations and cash flows could be materially affected. |
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The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Standards Adopted During 2013
Testing Indefinite-Lived Intangible Assets for Impairment
In July 2012, the Financial Accounting Standards Board (FASB) issued an accounting standard that allows a company, as a first step in an impairment review, to assess qualitatively whether it is more likely than not that an indefinite-lived intangible asset is impaired. We are not required to calculate the fair value of an indefinite-lived intangible asset and perform a quantitative impairment test unless we determine, based on the results of the qualitative assessment, that it is more likely than not the asset is impaired. The standard became effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. We adopted the standard on its required effective date of January 1, 2013. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows. Disclosures about Offsetting Assets and Liabilities
In January 2013, the FASB issued an accounting standard that clarifies the scope of transactions subject to disclosures about offsetting assets and liabilities. The standard applies to derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are offset either in accordance with specific criteria contained in the FASB Accounting Standards Codification or subject to a master netting arrangement or similar agreement. The standard became effective for fiscal years and interim periods beginning on or after January 1, 2013. We adopted the standard on its required effective date of January 1, 2013 and applied it retrospectively to all comparative periods presented. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows. Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income
In February 2013, the FASB issued an accounting standard requiring us to disclose the effect of reclassifying significant items out of accumulated other comprehensive income on the respective line items of net income or to provide a cross-reference to other disclosures required under GAAP. The standard became effective for annual and interim reporting periods beginning after December 15, 2012. We adopted the standard on its required effective date of January 1, 2013. The adoption of this standard had no effect on our consolidated financial condition, results of operations or cash flows. Inclusion of the Federal Funds Effective Swap Rate as a Benchmark Interest Rate for Hedge Accounting Purposes
In July 2013, the FASB issued an accounting standard that permits the Federal Funds Effective Swap Rate (or Overnight Index Swap Rate) to be used as a U.S. benchmark interest rate for hedge accounting purposes in addition to U.S. Treasury rates and LIBOR. The standard also removes the prohibition on the use of differing benchmark rates when entering into similar hedging relationships. The standard became effective on a prospective basis for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013 to the extent the Federal Funds Effective Swap Rate is used as a U.S. benchmark interest rate for hedge accounting purposes. We adopted the standard on its effective date of July 17, 2013. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows.
Future Application of Accounting Standards
Certain Obligations Resulting from Joint and Several Liability Arrangements
In February 2013, the FASB issued an accounting standard that requires us to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date as the sum of (i) the amount we agreed to pay on the basis of our arrangement among our co-obligors and (ii) any additional amount we expect to pay on behalf of our co-obligors. The standard is effective for fiscal years and interim periods beginning after December 15, 2013, but earlier adoption is permitted. Upon adoption, the standard should be applied retrospectively to all prior periods presented. We plan to adopt the standard on its required effective date of January 1, 2014 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows. Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of an Investment within a Foreign Entity or of an Investment in a Foreign Entity
In March 2013, the FASB issued an accounting standard addressing whether consolidation guidance or foreign currency guidance applies to the release of the cumulative translation adjustment into net income when a parent sells all or a part of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or net assets that are a business (other than a sale of in-substance real estate) within a foreign entity. The guidance also resolves the diversity in practice for the cumulative translation adjustment treatment in business combinations achieved in stages involving foreign entities. Under this standard, the entire amount of the cumulative translation adjustment associated with the foreign entity should be released into earnings when there has been: (i) a sale of a subsidiary or group of net assets within a foreign entity and the sale represents a complete or substantially complete liquidation of the foreign entity in which the subsidiary or the net assets had resided; (ii) a loss of a controlling financial interest in an investment in a foreign entity; or (iii) a change in accounting method from applying the equity method to an investment in a foreign entity to consolidating the foreign entity. The standard is effective for fiscal years and interim periods beginning after December 15, 2013, and will be applied prospectively. We plan to adopt the standard on its required effective date of January 1, 2014 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows. Investment Company Guidance
In June 2013, the FASB issued an accounting standard that amends the criteria a company must meet to qualify as an investment company, clarifies the measurement guidance, and requires new disclosures for investment companies. An entity that is regulated by the Securities and Exchange Commission under the Investment Company Act of 1940 (the 1940 Act) qualifies as an investment company. Entities that are not regulated under the 1940 Act must have certain fundamental characteristics and must consider other characteristics to determine whether they qualify as investment companies. An entity's purpose and design should be considered when making the assessment. The standard is effective for fiscal years and interim periods beginning after December 15, 2013. Earlier adoption is prohibited. An entity that no longer meets the requirements to be an investment company as a result of this standard should present the change in its status as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. An entity that is an investment company should apply the guidance prospectively as an adjustment to opening net assets as of the effective date. The adjustment to net assets represents both the difference between the fair value and the carrying amount of the entity's investments and any amount previously recognized in accumulated other comprehensive income. We plan to adopt the standard on its required effective date of January 1, 2014 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows. Presentation of Unrecognized Tax Benefits
In July 2013, the FASB issued an accounting standard that requires a liability related to unrecognized tax benefits to be presented as a reduction to the related deferred tax asset for a net operating loss carryforward or a tax credit carryforward (the Carryforwards). When the Carryforwards are not available at the reporting date under the tax law of the applicable jurisdiction or the tax law of the applicable jurisdiction does not require, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit will be presented in the financial statements as a liability and will not be combined with the related deferred tax asset. The standard is effective for fiscal years and interim periods beginning after December 15, 2013, but earlier adoption is permitted. Upon adoption, the standard should be applied prospectively to unrecognized tax benefits that existed at the effective date. Retrospective application is permitted. We plan to adopt the standard prospectively on its required effective date of January 1, 2014 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows. |
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The entire disclosure for all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SEGMENT INFORMATION
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| SEGMENT INFORMATION | 3. SEGMENT INFORMATION
We report the results of our operations through two reportable segments: AIG Property Casualty and AIG Life and Retirement. We evaluate performance based on revenues and pre-tax income (loss), excluding results from discontinued operations, because we believe this provides more meaningful information on how our operations are performing.
AIG Property Casualty Investment Income Allocation
Investment income is allocated to the Commercial Insurance and Consumer Insurance operating segments based on an internal investment income allocation model. The model estimates investable funds based primarily on loss reserves and allocated capital. Commencing in the first quarter of 2013, AIG Property Casualty began applying similar duration and risk-free yields (plus an illiquidity premium) to the allocated capital of Commercial Insurance and Consumer Insurance as is applied to reserves.
AIG Life and Retirement Operating Segment Change
In 2012, AIG Life and Retirement announced several key organizational structure and management changes intended to better serve the organization's distribution partners and customers. Key aspects of the new structure include distinct product manufacturing divisions, shared annuity and life operations platforms and a unified all-channel distribution organization with access to all AIG Life and Retirement products. AIG Life and Retirement fully implemented these changes during the first quarter of 2013 and now presents its operating results in the following two operating segments:
These changes align financial reporting with the manner in which AIG's chief operating decision makers review the business to assess performance and to allocate resources. Prior period amounts have been revised to reflect the new structure, which did not affect previously reported pre-tax income from continuing operations for AIG Life and Retirement. Prior to the first quarter of 2013, AIG Life and Retirement was presented as two operating segments: Life Insurance and Retirement Services. The following table presents AIG's operations by reportable segment:
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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS |
4. HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS
International Lease Finance Corporation Sale
On December 9, 2012, AIG Parent, AIG Capital Corporation (Seller), a wholly-owned direct subsidiary of AIG Parent and the sole shareholder of ILFC, and Jumbo Acquisition Limited (Purchaser) entered into a definitive agreement (the Share Purchase Agreement) for the sale of 80.1 percent of the common stock of ILFC for approximately $4.2 billion in cash (the ILFC Transaction). The Share Purchase Agreement permits the Purchaser to elect to purchase an additional 9.9 percent of the common stock of ILFC for $522.5 million (the Option). On June 15, 2013, AIG Parent, Seller and Purchaser entered into an amendment (the Amendment) to the Share Purchase Agreement, as amended by Amendment No. 1, dated May 10, 2013. The Amendment extended to July 31, 2013, the date on which any of AIG Parent, Seller or Purchaser may terminate the Share Purchase Agreement, as amended, if the closing of the ILFC Transaction had not yet occurred. Under the Amendment, AIG Parent and Seller may pursue (but not enter into definitive documentation for, or consummate) other offers for ILFC and may continue to pursue (but not engage in widespread solicitation of orders for, or request effectiveness of) the alternative of a public offering. On July 15, 2013, the Purchaser delivered notice that it intended to exercise the Option, raising the size of the total purchase to 90 percent of the common stock of ILFC. As of October 31, 2013, the closing of the ILFC Transaction has not occurred. As a result, no assurance can be given that the Share Purchase Agreement will not be terminated. We continue to consider ILFC as a non-core business and we are continuing to pursue other options including an alternative sale or an initial public offering. We determined ILFC met the criteria for held for sale and discontinued operations accounting at September 30, 2013 and December 31, 2012. The following table summarizes the components of assets and liabilities held-for sale:
The following table summarizes income from discontinued operations:
We recorded a $6.7 billion pre-tax loss and a $4.4 billion after-tax loss on the sale of ILFC for the year ended December 31, 2012. In the three- and nine-month periods ended September 30, 2013, we recorded additional pre-tax losses of $582 million and $1.8 billion, respectively, on the sale, largely offsetting ILFC operating results for the periods. ILFC operating results did not include depreciation and amortization expense as a result of its classification as held for sale, because depreciation and amortization expense is not recorded on the assets of a business after the business is classified as held-for-sale.
Impairment in ILFC Separate-Company Financial Statements
ILFC recognized a $1.1 billion impairment charge related to flight equipment held for use in their separate-company financial statements for the three- and nine-month periods ended September 30, 2013. ILFC concluded that the net book value of certain four-engine widebody aircraft in their fleet is no longer supportable based upon the latest cash flow estimates because the estimated holding period is not likely to be as long as previously anticipated. Sustained high fuel prices, the introduction of more fuel-efficient aircraft, and the success of competing aircraft models have resulted in a shrinking operator base for these aircraft types. These factors along with the latest updates to airline fleet plans and recent efforts to remarket these aircraft resulted in the impairment charge. Approximately $1.0 billion of the $1.1 billion in the impairment charges recorded in the three months ended September 30, 2013, resulted from the four-engine widebody aircraft and in particular the Airbus A340-600s. This had no effect on AIG's consolidated financial condition, results of operations, or cash flows as a result of the loss on sale AIG recognized for the year ended December 31, 2012. ALICO
In connection with the sale of American Life Insurance Company (ALICO) to MetLife, Inc. (MetLife), we recognized a pre-tax loss of $27 million and pre-tax gain of $118 million for the three- and nine-month periods ended September 30, 2013, respectively, primarily attributable to the refund of taxes, interest and penalties, together with other matters. |
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The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| FAIR VALUE MEASUREMENTS | 5. FAIR VALUE MEASUREMENTS
Fair Value Measurements on a Recurring Basis
We carry certain of our financial instruments at fair value. We define the fair value of a financial instrument as the amount that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. You should read the following in conjunction with Note 6 to the Consolidated Financial Statements in the 2012 Annual Report for a complete discussion of our accounting policies and procedures regarding fair value measurements. Assets and liabilities recorded at fair value in the Condensed Consolidated Balance Sheets are classified in accordance with a fair value hierarchy consisting of three "levels" based on the observability of inputs available in the marketplace used to measure the fair values as discussed below:
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents information about assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value measurement based on the observability of the inputs used:
(a) Represents netting of derivative exposures covered by a qualifying master netting agreement. (b) Represents cash collateral posted and received. Securities collateral posted for derivative transactions that is reflected in Fixed maturity securities in the Condensed Consolidated Balance Sheets, and collateral received, not reflected in the Condensed Consolidated Balance Sheets, was $1.4 billion and $160 million, respectively, at September 30, 2013 and $1.9 billion and $299 million, respectively, at December 31, 2012.
Transfers of Level 1 and Level 2 Assets and Liabilities
Our policy is to record transfers of assets and liabilities between Level 1 and Level 2 at their fair values as of the end of each reporting period, consistent with the date of the determination of fair value. Assets are transferred out of Level 1 when they are no longer transacted with sufficient frequency and volume in an active market. Conversely, assets are transferred from Level 2 to Level 1 when transaction volume and frequency are indicative of an active market. During the three- and nine-month periods ended September 30, 2013, we transferred $174 million and $731 million of securities issued by Non-U.S. government entities from Level 1 to Level 2, respectively, as they are no longer considered actively traded. For similar reasons, during the three- and nine-month periods ended September 30, 2013, we transferred $263 million and $356 million, respectively, of securities issued by the U.S. government and U.S. government-sponsored entities from Level 1 to Level 2. We had no material transfers from Level 2 to Level 1 during the three- and nine-month periods ended September 30, 2013. During the three- and nine-month periods ended September 30, 2012, we transferred $148 million and $284 million of investments in securities issued by Non-U.S. governments from Level 1 to Level 2, respectively, as they were no longer considered actively traded. We had no material transfers from Level 2 to Level 1 during the three- and nine-month periods ended September 30, 2012.
Changes in Level 3 Recurring Fair Value Measurements
The following tables present changes during the three- and nine-month periods ended September 30, 2013 and 2012 in Level 3 assets and liabilities measured at fair value on a recurring basis, and the realized and unrealized gains (losses) related to the Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets at September 30, 2013 and 2012:
(a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. (b) Includes guaranteed investment agreements (GIAs), notes, bonds, loans and mortgages payable. Net realized and unrealized gains and losses related to Level 3 items shown above are reported in the Condensed Consolidated Statements of Income as follows:
The following tables present the gross components of purchases, sales, issues and settlements, net, shown above:
(a) There were no issuances during the three- and nine-month periods ended September 30, 2013 and 2012. (b) Includes GIAs, notes, bonds, loans and mortgages payable. Both observable and unobservable inputs may be used to determine the fair values of positions classified in Level 3 in the tables above. As a result, the unrealized gains (losses) on instruments held at September 30, 2013 and 2012 may include changes in fair value that were attributable to both observable (e.g., changes in market interest rates) and unobservable inputs (e.g., changes in unobservable long-dated volatilities). Transfers of Level 3 Assets and Liabilities
We record transfers of assets and liabilities into or out of Level 3 at their fair values as of the end of each reporting period, consistent with the date of the determination of fair value. As a result, the Net realized and unrealized gains (losses) included in income or other comprehensive income as shown in the table above excludes $43 million of net gains and $12 million of net losses related to assets and liabilities transferred into Level 3 during the three- and nine-month periods ended September 30, 2013, respectively, and includes $18 million and $30 million of net gains related to assets and liabilities transferred out of Level 3 during the three- and nine-month periods ended September 30, 2013, respectively. Transfers of Level 3 Assets During the three- and nine-month periods ended September 30, 2013, transfers into Level 3 assets included certain investments in private placement corporate debt, residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), collateralized debt obligations (CDO)/asset-backed securities (ABS), and investments in hedge funds and private equity funds.
Assets are transferred out of Level 3 when circumstances change such that significant inputs can be corroborated with market observable data. This may be due to a significant increase in market activity for the asset, a specific event, one or more significant input(s) becoming observable or a long-term interest rate significant to a valuation becoming short-term and thus observable. In addition, transfers out of Level 3 assets also occur when investments are no longer carried at fair value as the result of a change in the applicable accounting methodology, given changes in the nature and extent of our ownership interest. During the three- and nine-month periods ended September 30, 2013, transfers out of Level 3 assets primarily related to certain investments in municipal securities, private placement corporate debt, CMBS, CDO/ABS and investments in hedge funds.
Transfers of Level 3 Liabilities There were no significant transfers of derivative or other liabilities into or out of Level 3 for the three- and nine-month periods ended September 30, 2013. We use various hedging techniques to manage risks associated with certain positions, including those classified within Level 3. Such techniques may include the purchase or sale of financial instruments that are classified within Level 1 and/or Level 2. As a result, the realized and unrealized gains (losses) for assets and liabilities classified within Level 3 presented in the table above do not reflect the related realized or unrealized gains (losses) on hedging instruments that are classified within Level 1 and/or Level 2.
Quantitative Information About Level 3 Fair Value Measurements
The table below presents information about the significant unobservable inputs used for recurring fair value measurements for certain Level 3 instruments, and includes only those instruments for which information about the inputs is reasonably available to us, such as data from pricing vendors and from internal valuation models. Because input information with respect to certain Level 3 instruments may not be reasonably available to us, balances shown below may not equal total amounts reported for such Level 3 assets and liabilities:
(a) The unobservable inputs and ranges for the constant prepayment rate, loss severity and constant default rate relate to each of the individual underlying mortgage loans that comprise the entire portfolio of securities in the RMBS and CDO securitization vehicles and not necessarily to the securitization vehicle bonds (tranches) purchased by us. The ranges of these inputs do not directly correlate to changes in the fair values of the tranches purchased by us because there are other factors relevant to the specific tranches owned by us including, but not limited to, purchase price, position in the waterfall, senior versus subordinated position and attachment points. (b) Represents discount rates, estimates and assumptions that we believe would be used by market participants when valuing these assets and liabilities. (c) Information received from independent third-party valuation service providers. (d) Yield was the only input available for $6.6 billion of total fair value at December 31, 2012. The ranges of reported inputs for Corporate debt, RMBS, CDO/ABS, and CMBS valued using a discounted cash flow technique consist of plus/minus one standard deviation in either direction from the value-weighted average. The preceding table does not give effect to our risk management practices that might offset risks inherent in these investments. Sensitivity to Changes in Unobservable Inputs
We consider unobservable inputs to be those for which market data is not available and that are developed using the best information available to us about the assumptions that market participants would use when pricing the asset or liability. Relevant inputs vary depending on the nature of the instrument being measured at fair value. The following is a general description of sensitivities of significant unobservable inputs along with interrelationships between and among the significant unobservable inputs and their impact on the fair value measurements. The effect of a change in a particular assumption in the sensitivity analysis below is considered independently of changes in any other assumptions. In practice, simultaneous changes in assumptions may not always have a linear effect on the inputs. Interrelationships may also exist between observable and unobservable inputs. Such relationships have not been included in the discussion below. For each of the individual relationships described below, the inverse relationship would also generally apply.
Corporate Debt
Corporate debt securities included in Level 3 are primarily private placement issuances that are not traded in active markets or that are subject to transfer restrictions. Fair value measurements consider illiquidity and non-transferability. When observable price quotations are not available, fair value is determined based on discounted cash flow models using discount rates based on credit spreads, yields or price levels of publicly-traded debt of the issuer or other comparable securities, considering illiquidity and structure. The significant unobservable input used in the fair value measurement of corporate debt is the yield. The yield is affected by the market movements in credit spreads and U.S. Treasury yields. In addition, the migration in credit quality of a given security generally has a corresponding effect on the fair value measurement of the securities. For example, a downward migration of credit quality would increase spreads. Holding U.S. Treasury rates constant, an increase in corporate credit spreads would decrease the fair value of corporate debt.
RMBS and Certain CDO/ABS
The significant unobservable inputs used in fair value measurements of RMBS and certain CDO/ABS valued by third-party valuation service providers are constant prepayment rates (CPR), loss severity, constant default rates (CDR), and yield. A change in the assumptions used for the probability of default will generally be accompanied by a corresponding change in the assumption used for the loss severity and an inverse change in the assumption used for prepayment rates. In general, increases in CPR, loss severity, CDR, and yield, in isolation, would result in a decrease in the fair value measurement. Changes in fair value based on variations in assumptions generally cannot be extrapolated because the relationship between the directional change of each input is not usually linear.
CMBS
The significant unobservable input used in fair value measurements for CMBS is the yield. Prepayment assumptions for each mortgage pool are factored into the yield. CMBS generally feature a lower degree of prepayment risk than RMBS because commercial mortgages generally contain a penalty for prepayment. In general, increases in the yield would decrease the fair value of CMBS.
CDO/ABS — Direct Investment book
The significant unobservable inputs used for certain CDO/ABS securities valued using the BET are recovery rates, diversity score, and the weighted average life of the portfolio. An increase in recovery rates and diversity score will have a directionally similar corresponding impact on the fair value of the portfolio. An increase in the weighted average life will decrease the fair value.
Policyholder contract deposits
The significant unobservable inputs used for embedded derivatives in policyholder contract deposits measured at fair value, mainly guaranteed minimum withdrawal benefits (GMWB) for variable annuity products, are equity implied volatility, base and dynamic lapse rates, mortality rates and utilization rates. Lapse, mortality, and utilization rates may vary significantly depending upon age groups and duration. In general, increases in volatility and utilization rates will increase the fair value of the liability associated with GMWB, while increases in lapse rates and mortality rates will decrease the fair value of the liability.
Derivative liabilities — credit contracts
The significant unobservable inputs used for Derivatives liabilities — credit contracts are recovery rates, diversity scores, and the weighted average life of the portfolio. Our non-performance risk is also considered in the measurement of those liabilities. See Note 6 to the Consolidated Financial Statements in the 2012 Annual Report for a discussion of our accounting policies and procedures regarding incorporation of our credit risk in fair value measurements. An increase in recovery rates and diversity score will decrease the fair value of the liability. An increase in the weighted average life will increase the fair value measurement of the liability.
Investments in Certain Entities Carried at Fair Value Using Net Asset Value Per Share
The following table includes information related to our investments in certain other invested assets, including private equity funds, hedge funds and other alternative investments that calculate net asset value per share (or its equivalent). For these investments, which are measured at fair value on a recurring basis, we use the net asset value per share as a practical expedient to measure fair value.
Private equity fund investments included above are not redeemable, as distributions from the funds will be received when underlying investments of the funds are liquidated. Private equity funds are generally expected to have 10-year lives at their inception, but these lives may be extended at the fund manager's discretion, typically in one or two-year increments. At September 30, 2013, assuming average original expected lives of 10 years for the funds, 64 percent of the total fair value using net asset value per share (or its equivalent) presented above would have expected remaining lives of less than three years, 33 percent between three and seven years and 3 percent between seven and 10 years. Generally, the hedge fund investments included above are redeemable monthly (13 percent), quarterly (44 percent), semi-annually (22 percent) and annually (21 percent), with redemption notices ranging from one day to 180 days. At September 30, 2013, however, investments representing approximately 71 percent of the total fair value of the hedge fund investments cannot be currently redeemed, either in whole or in part, because the investments include various contractual restrictions. The majority of these contractual restrictions, which may have been put in place at a fund's inception or thereafter, have pre-defined end dates and are generally expected to be lifted by the end of 2015. The restrictions that do not have stated end dates were primarily put in place prior to 2009. The fund investments for which redemption is restricted only in part generally relate to certain hedge funds that hold at least one investment that the fund manager deems to be illiquid.
Fair Value Option
The following table presents the gains or losses recorded related to the eligible instruments for which we elected the fair value option:
(a) Includes hedge funds, private equity funds, affordable housing partnerships and other investment partnerships. (b) Includes GIAs, notes, bonds, loans and mortgages payable. (c) Excludes discontinued operations. See Notes 6 and 7 to the Consolidated Financial Statements in the 2012 Annual Report for additional information about our policies for electing the fair value option and for recognizing, measuring, and disclosing interest and dividend income and interest expense. We recognized losses of $22 million and $37 million during the three- and nine-month periods ended September 30, 2013, respectively, and losses of $126 million and $621 million during the three- and nine-month periods ended September 30, 2012, respectively, attributable to the observable effect of changes in credit spreads on our own liabilities for which the fair value option was elected. We calculate the effect of these credit spread changes using discounted cash flow techniques that incorporate current market interest rates, our observable credit spreads on these liabilities and other factors that mitigate the risk of nonperformance such as cash collateral posted. The following table presents the difference between fair values and the aggregate contractual principal amounts of mortgage and other loans receivable and long-term debt for which the fair value option was elected:
* Includes GIAs, notes, bonds, loans and mortgages payable. There were no mortgage or other loans receivable for which the fair value option was elected that were 90 days or more past due or in non-accrual status at September 30, 2013 and December 31, 2012.
FAIR VALUE MEASUREMENTS ON A NON-RECURRING BASIS
The following table presents assets measured at fair value on a non-recurring basis at the time of impairment and the related impairment charges recorded during the periods presented:
FAIR VALUE INFORMATION ABOUT FINANCIAL INSTRUMENTS NOT MEASURED AT FAIR VALUE
The following table presents the carrying value and estimated fair value of our financial instruments not measured at fair value and indicates the level in the fair value hierarchy of the estimated fair value measurement based on the observability of the inputs used:
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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INVESTMENTS
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Sep. 30, 2013
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| INVESTMENTS | 6. INVESTMENTS
Securities Available for Sale
The following table presents the amortized cost or cost and fair value of our available for sale securities:
(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 value of such securities subsequent to the impairment measurement date. (b) At September 30, 2013 and December 31, 2012, bonds available for sale held by us that were below investment grade or not rated totaled $31.1 billion and $29.6 billion, respectively. Securities Available for Sale in a Loss Position
The following table summarizes the fair value and gross unrealized losses on our available for sale securities in a loss position, aggregated by major investment category and length of time that individual securities have been in a continuous unrealized loss position:
At September 30, 2013, we held 6,217 and 97 individual fixed maturity and equity securities, respectively, that were in an unrealized loss position, of which 688 individual fixed maturity securities were in a continuous unrealized loss position for longer than 12 months. We did not recognize the unrealized losses in earnings on these fixed maturity securities at September 30, 2013 because we neither intend to sell the securities nor do we believe that it is more likely than not that we will be required to sell these securities before recovery of their amortized cost basis. Furthermore, we expect to recover the entire amortized cost basis of these securities. In performing this evaluation, we considered the recovery periods for securities in previous periods of broad market declines. For fixed maturity securities with significant declines, we performed fundamental credit analyses on a security-by-security basis, which included consideration of credit enhancements, expected defaults on underlying collateral, review of relevant industry analyst reports and forecasts and other available market data. Contractual Maturities of Securities Available for Sale
The following table presents the amortized cost and fair value of fixed maturity securities available for sale by contractual maturity:
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 redemptions of our available for sale securities:
For the three- and nine-month periods ended September 30, 2013, the aggregate fair value of available for sale securities sold was $8.4 billion and $27.7 billion, respectively, which resulted in net realized capital gains of $0.5 billion and $2.1 billion, respectively. For the three- and nine-month periods ended September 30, 2012, the aggregate fair value of available for sale securities sold was $8.8 billion and $30.3 billion, respectively, which resulted in net realized capital gains of $0.9 billion and $2.7 billion, respectively.
Trading Securities
The following table presents the fair value of our trading securities:
(a) Includes $1.0 billion of U.S. Government agency backed ABS. (b) Securities presented herein are measured at fair value based on our election of the fair value option.
Net Investment Income
The following table presents the components of Net investment income:
* Includes hedge funds, private equity funds, affordable housing partnerships and other investment partnerships.
Net Realized Capital Gains and Losses
The following table presents the components of Net realized capital gains (losses):
Change in Unrealized Appreciation of Investments
The following table presents the increase (decrease) in unrealized appreciation of our available for sale securities:
Evaluating Investments for Other-Than-Temporary Impairments
For a discussion of our policy for evaluating investments for other-than-temporary impairments, see Note 7 to the Consolidated Financial Statements in the 2012 Annual Report. Credit Impairments
The following table presents a rollforward of the cumulative credit losses in other-than-temporary impairments recognized in earnings for our available for sale fixed maturity securities:
* Represents both accretion recognized due to changes in cash flows expected to be collected over the remaining expected term of the credit impaired securities and the accretion due to the passage of time. Purchased Credit Impaired (PCI) Securities
In 2011, we began purchasing certain RMBS securities that have experienced deterioration in credit quality since their issuance. We determined, based on our expectations as to the timing and amount of cash flows expected to be received, that it was probable at the date of acquisition that we would not collect all contractually required payments for these PCI securities, including both principal and interest after considering the effects of prepayments. At acquisition, the timing and amount of the undiscounted future cash flows expected to be received on each PCI security was determined based on our best estimate using key assumptions, such as interest rates, default rates and prepayment speeds. At acquisition, the difference between the undiscounted expected future cash flows of the PCI securities and the recorded investment in the securities represents the initial accretable yield, which is to be accreted into net investment income over their remaining lives on a level-yield basis. Additionally, the difference between the contractually required payments on the PCI securities and the undiscounted expected future cash flows represents the non-accretable difference at acquisition. The accretable yield and the non-accretable difference will change over time, based on actual payments received and changes in estimates of undiscounted expected future cash flows, which are discussed further below. On a quarterly basis, the undiscounted expected future cash flows associated with PCI securities are re-evaluated based on updates to key assumptions. Declines in undiscounted expected future cash flows due to further credit deterioration as well as changes in the expected timing of the cash flows can result in the recognition of an other-than-temporary impairment charge, as PCI securities are subject to our policy for evaluating investments for other-than-temporary impairment. Changes to undiscounted expected future cash flows due solely to the changes in the contractual benchmark interest rates on variable rate PCI securities will change the accretable yield prospectively. Significant increases in undiscounted expected future cash flows for reasons other than interest rate changes are recognized prospectively as adjustments to the accretable yield. The following tables present information on our PCI securities, which are included in bonds available for sale:
* Represents undiscounted expected cash flows, including both principal and interest.
The following table presents activity for the accretable yield on PCI securities:
Pledged Investments
Secured Financing and Similar Arrangements
We enter into financing transactions whereby certain securities are transferred to financial institutions in exchange for cash or other liquid collateral. Securities transferred by us under these financing transactions may be sold or repledged by the counterparties. As collateral for the securities transferred by us, counterparties transfer assets to us, such as cash or high quality fixed maturity securities. Collateral levels are monitored daily and are generally maintained at an agreed-upon percentage of the fair value of the transferred securities during the life of the transactions. Where we receive fixed maturity securities as collateral, we do not have the right to sell or repledge the collateral unless an event of default occurs by the counterparties. At the termination of the transactions, we and our counterparties are obligated to return the collateral provided and the securities transferred, respectively. We treat these transactions as secured financing arrangements. Secured financing transactions also include securities sold under agreements to repurchase (repurchase agreements), in which we transfer securities in exchange for cash, with an agreement by us to repurchase the same or substantially similar securities. In the majority of these repurchase agreements, the securities transferred by us may be sold or repledged by the counterparties. Repurchase agreements entered into by our Direct Investment book (DIB) are carried at fair value based on market-observable interest rates. All other repurchase agreements are recorded at their contracted repurchase amounts plus accrued interest. The following table presents the fair value of securities pledged to counterparties under secured financing transactions:
We also enter into agreements in which we purchase securities under agreements to resell (reverse repurchase agreements), which are accounted for as secured financing transactions and reported as short-term investments or other assets, depending on their terms. These agreements are recorded at their contracted resale amounts plus accrued interest, other than those that are accounted for at fair value. Such agreements entered into by the DIB are carried at fair value based on market observable interest rates. In all reverse repurchase transactions, we take possession of or obtain a security interest in the related securities, and we have the right to sell or repledge the collateral received. The following table presents information on the fair value of securities pledged to us under reverse repurchase agreements:
Insurance — Statutory and Other Deposits
Total carrying values of cash and securities deposited by our insurance subsidiaries under requirements of regulatory authorities or other insurance-related arrangements, including certain annuity-related obligations and certain reinsurance treaties, were $7.2 billion and $8.9 billion at September 30, 2013 and December 31, 2012, respectively. Other Pledges
Certain of our subsidiaries are members of Federal Home Loan Banks (FHLBs) and such membership requires the members to own stock in these FHLBs. We owned an aggregate of $61 million and $84 million of stock in FHLBs at September 30, 2013 and December 31, 2012, respectively. To the extent we borrow from the FHLB, our ownership interest in the stock of FHLBs will be pledged to the FHLB. In addition, we have pledged securities available for sale with a fair value of $76 million and $341 million at September 30, 2013 and December 31, 2012, respectively, associated with advances from the FHLBs. Certain GIAs have provisions that require collateral to be posted or payments to be made by us upon a downgrade of our long-term debt ratings. The actual amount of collateral required to be posted to the counterparties in the event of such downgrades, and the aggregate amount of payments that we could be required to make, depend on market conditions, the fair value of outstanding affected transactions and other factors prevailing at and after the time of the downgrade. The fair value of securities pledged as collateral with respect to these obligations approximated $4.4 billion at both September 30, 2013 and December 31, 2012. This collateral primarily consists of securities of the U.S. government and government sponsored entities and generally cannot be repledged or resold by the counterparties. |
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The entire disclosure for investments in certain debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Sep. 30, 2013
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| LENDING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LENDING ACTIVITIES | 7. LENDING ACTIVITIES
The following table presents the composition of Mortgage and other loans receivable:
* Commercial mortgages primarily represent loans for office, retail and industrial properties, with exposures in California and New York representing the largest geographic concentrations (aggregating approximately 18 percent and 17 percent at September 30, 2013, respectively, and approximately 22 percent and 15 percent at December 31, 2012, respectively). The following table presents the credit quality indicators for commercial mortgages:
(a) Loans that have been modified in troubled debt restructurings and are performing according to their restructured terms. For additional discussion of troubled debt restructurings see Note 8 to the Consolidated Financial Statements in the 2012 Annual Report. (b) Does not reflect valuation allowances. (c) Approximately 99 percent of the commercial mortgages held at such respective dates were current as to payments of principal and interest.
Allowance for Credit Losses
See Note 8 to the Consolidated Financial Statements in the 2012 Annual Report for a discussion of our accounting policy for evaluating mortgage and other loans receivable for impairment. The following table presents a rollforward of the changes in the allowance for losses on Mortgage and other loans receivable:
* Of the total allowance at the end of the period, $102 million and $38 million relates to individually assessed credit losses on $267 million and $332 million of commercial mortgage loans at September 30, 2013 and 2012, respectively. No significant loans were modified in a troubled debt restructuring during the nine-month periods ended September 30, 2013 and 2012. |
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The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| VARIABLE INTEREST ENTITIES | 8. VARIABLE INTEREST ENTITIES
We enter into various arrangements with variable interest entities (VIEs) in the normal course of business. Our involvement with VIEs is primarily through our insurance companies as a passive investor in debt securities (rated and unrated) and equity interests issued by VIEs. Our exposure is generally limited to those interests held. For VIEs with attributes consistent with that of an investment company or a money market fund, the primary beneficiary is the party or group of related parties that absorbs a majority of the expected losses of the VIE, receives the majority of the expected residual returns of the VIE, or both. For all other VIEs, the primary beneficiary is the entity that has both (1) the power to direct the activities of the VIE that most significantly affect the VIE's economic performance and (2) the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. While also considering these factors, the consolidation conclusion depends on the breadth of our decision-making ability and our ability to influence activities that significantly affect the economic performance of the VIE.
Balance Sheet Classification and Exposure to Loss
The following table presents the total assets and total liabilities associated with our variable interests in consolidated VIEs, as classified in the Condensed Consolidated Balance Sheets:
(a) The assets of each VIE can be used only to settle specific obligations of that VIE. (b) At September 30, 2013 and December 31, 2012 includes approximately $12.2 billion and $3.6 billion, respectively, of primarily investment-grade debt securities held by certain securitization vehicles that issued beneficial interests in these investments. The majority of the beneficial interests issued are held by AIG. (c) At September 30, 2013 and December 31, 2012, off-balance sheet exposure, primarily consisting of commitments to real estate and investment funds, was $50.8 million and $48.7 million, respectively. We calculate our maximum exposure to loss to be (i) the amount invested in the debt or equity of the VIE, (ii) the notional amount of VIE assets or liabilities where we have also provided credit protection to the VIE with the VIE as the referenced obligation, and (iii) other commitments and guarantees to the VIE. Interest holders in VIEs sponsored by us generally have recourse only to the assets and cash flows of the VIEs and do not have recourse to us, except in limited circumstances when we have provided a guarantee to the VIE's interest holders. The following table presents total assets of unconsolidated VIEs in which we hold a variable interest, as well as our maximum exposure to loss associated with these VIEs:
* At September 30, 2013 and December 31, 2012, $2.8 billion and $2.5 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets. See Note 11 to the Consolidated Financial Statements in the 2012 Annual Report for additional information on VIEs. |
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Disclosure of the entity's involvement with variable interest entities, distinguishing between those that are consolidated and those that are not consolidated. No definition available.
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| DERIVATIVES AND HEDGE ACCOUNTING | 9. DERIVATIVES AND HEDGE ACCOUNTING
We use derivatives and other financial instruments as part of our financial risk management programs and as part of our investment operations. See Note 12 to the Consolidated Financial Statements in the 2012 Annual Report for a discussion of our accounting policies and procedures regarding derivatives and hedge accounting. The following table presents the notional amounts and fair values of our derivative instruments:
(a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b) Includes cross-currency swaps. (c) Notional amount of derivative assets and fair value of derivative assets include $1.1 billion and $4 million, respectively, at September 30, 2013, related to bifurcated embedded derivatives. Notional amount of derivative liabilities and fair value of derivative liabilities include $27 billion and $0.4 billion, respectively, at September 30, 2013, and $23 billion and $1.3 billion, respectively, at December 31, 2012, related to bifurcated embedded derivatives. A bifurcated embedded derivative is generally presented with the host contract in the Condensed Consolidated Balance Sheets. (d) Consists primarily of contracts with multiple underlying exposures. The following table presents the fair values of derivative assets and liabilities in the Condensed Consolidated Balance Sheets:
(a) Represents derivatives used to hedge the foreign currency and interest rate risk associated with insurance operations as well as embedded derivatives included in insurance contracts. Bifurcated embedded derivatives are recorded in Policyholder contract deposits in the Condensed Consolidated Balance Sheets. (b) Represents netting of derivative exposures covered by a qualifying ISDA Master Agreement. (c) Represents cash collateral posted and received that is eligible for netting.
Collateral
We engage in derivative transactions directly with unaffiliated third parties, which generally provide for collateral postings to such unaffiliated third parties or (in the case of derivative transactions subject to clearing) centralized clearing organizations at various ratings and threshold levels. The collateral posting provisions are generally contained in Credit Support Annexes (CSAs) included in International Swaps and Derivatives Association, Inc. (ISDA) Master Agreements or (in the case of derivative transactions subject to clearing) clearing agreements with futures commission merchants. Collateral posted by us to third parties for derivative transactions was $3.4 billion and $4.5 billion at September 30, 2013 and December 31, 2012, respectively. In the case of collateral posted under derivative transactions that are not subject to clearing, this collateral can generally be repledged or resold by the counterparties. Collateral provided to us from third parties for derivative transactions was $1.1 billion and $1.4 billion at September 30, 2013 and December 31, 2012, respectively. We generally can repledge or resell this collateral to the extent it is posted under derivative transactions that are not subject to clearing.
Offsetting
We have elected to present all derivative receivables and derivative payables, and the related cash collateral received and paid, on a net basis on our Condensed Consolidated Balance Sheets when a legally enforceable ISDA Master Agreement exists between us and our derivative counterparty. An ISDA Master Agreement is an agreement between two counterparties, who may have multiple derivative contracts with each other, and such ISDA Master Agreement may provide for the net settlement of all or a specified group of these derivative contracts, as well as cash collateral, through a single payment, in a single currency, in the event of a default on or affecting any one derivative contract or a termination event affecting all or a specified group of derivative contracts.
Hedge Accounting
We designated certain derivatives entered into by Global Capital Markets (GCM) with third parties as fair value hedges of available-for-sale investment securities held by our insurance subsidiaries. The fair value hedges include foreign currency forwards designated as hedges of the change in fair value of foreign currency denominated available-for-sale securities attributable to changes in foreign exchange rates. We also designated certain interest rate cross-currency swaps as hedges of the change in fair value of fixed-rate GICs attributable to changes in benchmark interest rates and foreign exchange rates. We use foreign currency denominated debt and cross-currency swaps as hedging instruments in net investment hedge relationships to mitigate the foreign exchange risk associated with certain non-U.S. dollar functional currency foreign subsidiaries. We assess the hedge effectiveness and measure the amount of ineffectiveness for these hedge relationships based on changes in spot exchange rates. For the three- and nine-month periods ended September 30, 2013, we recognized losses of $108 million and $13 million, respectively, and for the three- and nine-month periods ended September 30, 2012, we recognized losses of $70 million and $13 million, respectively, included in Foreign currency translation adjustments in Other comprehensive income related to the net investment hedge relationships. A qualitative methodology is utilized to assess hedge effectiveness for net investment hedges, while regression analysis is employed for all other hedges. The following table presents the gain (loss) recognized in earnings on our derivative instruments in fair value hedging relationships in the Condensed Consolidated Statements of Income:
(a) Gains and losses recognized in earnings on derivatives are recorded in Net realized capital gains and Interest credited to policyholder account balances. Gains and losses recognized in earnings on hedged items are recorded in Net realized capital gains, Interest credited to policyholder account balances, and Other income. Gains and losses recognized in earnings from the ineffective portion and amounts excluded from effectiveness testing, if any, are recorded in Net realized capital gains. (b) Includes $19 million and $18 million for the three-month periods ended September 30, 2013 and 2012, respectively, and $72 million and $97 million, for the nine-month periods ended September 30, 2013 and 2012, respectively, representing the amortization of debt basis adjustment following the discontinuation of hedge accounting.
Derivatives Not Designated as Hedging Instruments
The following table presents the effect of derivative instruments not designated as hedging instruments in the Condensed Consolidated Statements of Income:
(a) Includes cross currency swaps. (b) Includes embedded derivative gains of $266 million and $1.0 billion for the three- and nine-month periods ended September 30, 2013, respectively, and embedded derivative losses of $75 million and $268 million for the three- and nine-month periods ended September 30, 2012, respectively.
Global Capital Markets Derivatives
Derivative transactions between AIG and its subsidiaries and third parties are generally centralized through GCM. One of GCM's entities generally acts as the derivatives intermediary between AIG and its subsidiaries and third parties to provide hedging services for AIG entities. The portfolio of this entity consists primarily of interest rate and currency derivatives and also includes legacy credit derivatives that have been novated to this entity. Another of GCM's entities also enters into derivatives to mitigate market risk in its exposures (interest rates, currencies, credit, commodities and equities) arising from its transactions. At September 30, 2013, this entity has entered into credit derivative transactions with respect to $68 million of securities to economically hedge its credit risk. In most cases, this entity has not hedged its exposures related to the credit default swaps it has written. GCM follows a policy of minimizing interest rate, currency, commodity, and equity risks associated with investment securities by entering into offsetting positions, thereby offsetting a significant portion of the unrealized appreciation and depreciation. Super Senior Credit Default Swaps
Credit default swap transactions were entered into with the intention of earning revenue on credit exposure. In the majority of these transactions, we sold credit protection on a designated portfolio of loans or debt securities. Generally, we provided such credit protection on a "second loss" basis, meaning we would incur credit losses only after a shortfall of principal and/or interest, or other credit events, in respect of the protected loans and debt securities, exceeded a specified threshold amount or level of "first losses." The following table presents the net notional amount, fair value of derivative (asset) liability and unrealized market valuation gain (loss) of the super senior credit default swap portfolio, including credit default swaps written on mezzanine tranches of certain regulatory capital relief transactions, by asset class:
(a) Net notional amounts presented are net of all structural subordination below the covered tranches. The decrease in the total net notional amount from December 31, 2012 to September 30, 2013 was due to amortization of $745 million and terminations and maturities of $67 million, partially offset by foreign exchange rate movement of $176 million. (b) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (c) Includes credit valuation adjustment losses of $2 million and $12 million for the three-month periods ended September 30, 2013 and 2012, respectively, and losses of $3 million and $36 million for the nine-month periods ended September 30, 2013 and 2012, respectively, representing the effect of changes in our credit spreads on the valuation of the derivatives liabilities. (d) During the nine-month period ended September 30, 2013, we paid $120 million to counterparties with respect to multi-sector CDOs, which was previously included in the fair value of the derivative liability as an unrealized market valuation loss. Multi-sector CDOs also include $3.0 billion and $3.4 billion in net notional amount of credit default swaps written with cash settlement provisions at September 30, 2013 and December 31, 2012, respectively. Collateral postings with regards to multi-sector CDOs were $1.2 billion and $1.6 billion at September 30, 2013 and December 31, 2012, respectively. (e) Corporate debt/Collateralized Loan Obligations (CLOs) include $1.1 billion and $1.2 billion in net notional amount of credit default swaps written on the super senior tranches of CLOs at September 30, 2013 and December 31, 2012, respectively. Collateral postings with regards to corporate debt/CLOs were $394 million and $420 million at September 30, 2013 and December 31, 2012, respectively. The expected weighted average maturity of the super senior credit derivative portfolios as of September 30, 2013 was less than one year for the regulatory capital prime residential mortgage portfolio, six years for the multi-sector CDO arbitrage portfolio and two years for the corporate debt/CLO portfolio. Given the current performance of the underlying portfolios, the level of subordination of the credit protection written and the assessment of the credit quality of the underlying portfolio, as well as the risk mitigants inherent in the transaction structures, we do not expect that we will be required to make payments pursuant to the contractual terms of those transactions providing regulatory relief. Because of long-term maturities of the CDS in the arbitrage portfolio, we are unable to make reasonable estimates of the periods during which any payments would be made. However, the net notional amount represents the maximum exposure to loss on the super senior credit default swap portfolio. Written Single Name Credit Default Swaps
We have legacy credit default swap contracts referencing single-name exposures written on corporate, index and asset-backed credits with the intention of earning spread income on credit exposure. Some of these transactions were entered into as part of a long-short strategy to earn the net spread between CDS written and purchased. At September 30, 2013, the net notional amount of these written CDS contracts was $399 million, including ABS CDS transactions purchased from a liquidated multi-sector super senior CDS transaction. These exposures have been partially hedged by purchasing offsetting CDS contracts of $51 million in net notional amount. The net unhedged position of $348 million represents the maximum exposure to loss on these CDS contracts. The average maturity of the written CDS contracts is three years. At September 30, 2013, the fair value of the derivative liability (which represents the carrying value) of the portfolio of CDS was $39 million. Upon a triggering event (e.g., a default) with respect to the underlying credit, we would have the option to either settle the position through an auction process (cash settlement) or pay the notional amount of the contract to the counterparty in exchange for a bond issued by the underlying credit obligor (physical settlement). These CDS contracts were written under ISDA Master Agreements. The majority of these ISDA Master Agreements include CSAs that provide for collateral postings based on the market value of the relevant reference obligations. At September 30, 2013, collateral posted by us under these contracts was $52 million prior to offsets for other transactions.
All Other Derivatives
Our businesses, other than GCM, also use derivatives and other instruments as part of their financial risk management. Interest rate derivatives (such as interest rate swaps) are used to manage interest rate risk associated with embedded derivatives contained in insurance contract liabilities, fixed maturity securities, outstanding medium- and long-term notes as well as other interest rate sensitive assets and liabilities. Foreign exchange derivatives (principally foreign exchange forwards and options) are used to economically mitigate risk associated with non-U.S. dollar denominated debt, net capital exposures, and foreign currency transactions. Equity derivatives are used to mitigate financial risk embedded in certain insurance liabilities. The derivatives are effective economic hedges of the exposures that they are meant to offset. In addition to hedging activities, we also enter into derivative instruments with respect to investment operations, which include, among other things, credit default swaps and purchasing investments with embedded derivatives, such as equity-linked notes and convertible bonds.
Credit Risk-Related Contingent Features
The aggregate fair value of our derivative instruments that contain credit risk-related contingent features that were in a net liability position at September 30, 2013, was approximately $2.9 billion. The aggregate fair value of assets posted as collateral under these contracts at September 30, 2013, was $3.4 billion. We estimate that at September 30, 2013, based on our outstanding financial derivative transactions, a one-notch downgrade of our long-term senior debt ratings to BBB+ by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. (S&P), would permit counterparties to make additional collateral calls and permit certain counterparties to elect early termination of contracts, resulting in a negligible amount of corresponding collateral postings and termination payments; a one-notch downgrade to Baa2 by Moody's Investors' Service, Inc. (Moody's) and an additional one-notch downgrade to BBB by S&P would result in approximately $69 million in additional collateral postings and termination payments, and a further one-notch downgrade to Baa3 by Moody's and BBB- by S&P would result in approximately $140 million in additional collateral postings and termination payments. Additional collateral postings upon downgrade are estimated based on the factors in the individual collateral posting provisions of the CSA with each counterparty and current exposure as of September 30, 2013. Factors considered in estimating the termination payments upon downgrade include current market conditions, the complexity of the derivative transactions, historical termination experience and other observable market events such as bankruptcy and downgrade events that have occurred at other companies. Our estimates are also based on the assumption that counterparties will terminate based on their net exposure to us. The actual termination payments could significantly differ from our estimates given market conditions at the time of downgrade and the level of uncertainty in estimating both the number of counterparties who may elect to exercise their right to terminate and the payment that may be triggered in connection with any such exercise.
Hybrid Securities with Embedded Credit Derivatives
We invest in hybrid securities (such as credit-linked notes) with the intent of generating income, and not specifically to acquire exposure to embedded derivative risk. As is the case with our other investments in RMBS, CMBS, CDOs and ABS, our investments in these hybrid securities are exposed to losses only up to the amount of our initial investment in the hybrid security. Other than our initial investment in the hybrid securities, we have no further obligation to make payments on the embedded credit derivatives in the related hybrid securities. We elect to account for our investments in these hybrid securities with embedded written credit derivatives at fair value, with changes in fair value recognized in Net investment income or Other income. Our investments in these hybrid securities are reported as Bond trading securities in the Condensed Consolidated Balance Sheets. The fair value of these hybrid securities was $6.4 billion at September 30, 2013. These securities have a current par amount of $13.7 billion and have remaining stated maturity dates that extend to 2052. |
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The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| CONTINGENCIES, COMMITMENTS AND GUARANTEES | 10. CONTINGENCIES, COMMITMENTS AND GUARANTEES
In the normal course of business, various contingent liabilities and commitments are entered into by AIG and our subsidiaries. In addition, AIG Parent guarantees various obligations of certain subsidiaries. Although we cannot currently quantify our ultimate liability for unresolved litigation and investigation matters, including those referred to below, it is possible that such liability could have a material adverse effect on our consolidated financial condition or our consolidated results of operations or consolidated cash flows for an individual reporting period.
Legal Contingencies
Overview. In the normal course of business, AIG and our subsidiaries are, like others in the insurance and financial services industries in general, subject to litigation, including claims for punitive damages. In our insurance and mortgage guaranty operations, litigation arising from claims settlement activities is generally considered in the establishment of our liability for unpaid claims and claims adjustment expense. However, the potential for increasing jury awards and settlements makes it difficult to assess the ultimate outcome of such litigation. AIG is also subject to derivative, class action and other claims asserted by its shareholders and others alleging, among other things, breach of fiduciary duties by its directors and officers and violations of insurance laws and regulations, as well as federal and state securities laws. In the case of any derivative action brought on behalf of AIG, any recovery would accrue to the benefit of AIG. Various regulatory and governmental agencies have been reviewing certain public disclosures, transactions and practices of AIG and our subsidiaries in connection with industry-wide and other inquiries into, among other matters, our liquidity, compensation paid to certain employees, payments made to counterparties, and certain business practices and valuations of current and former operating insurance subsidiaries. We have cooperated, and will continue to cooperate, in producing documents and other information in response to subpoenas and other requests. AIG's Subprime Exposure, AIGFP Credit Default Swap Portfolio and Related Matters
AIG, AIGFP and certain directors and officers of AIG, AIGFP and other AIG subsidiaries have been named in various actions relating to our exposure to the U.S. residential subprime mortgage market, unrealized market valuation losses on AIGFP's super senior credit default swap portfolio, losses and liquidity constraints relating to our securities lending program and related disclosure and other matters (Subprime Exposure Issues). Consolidated 2008 Securities Litigation. Between May 21, 2008 and January 15, 2009, eight purported securities class action complaints were filed against AIG and certain directors and officers of AIG and AIGFP, AIG's outside auditors, and the underwriters of various securities offerings in the United States District Court for the Southern District of New York (the Southern District of New York), alleging claims under the Securities Exchange Act of 1934, as amended (the Exchange Act), or claims under the Securities Act of 1933, as amended (the Securities Act). On March 20, 2009, the Court consolidated all eight of the purported securities class actions as In re American International Group, Inc. 2008 Securities Litigation (the Consolidated 2008 Securities Litigation). On May 19, 2009, the lead plaintiff in the Consolidated 2008 Securities Litigation filed a consolidated complaint on behalf of purchasers of AIG Common Stock during the alleged class period of March 16, 2006 through September 16, 2008, and on behalf of purchasers of various AIG securities offered pursuant to AIG's shelf registration statements. The consolidated complaint alleges that defendants made statements during the class period in press releases, AIG's quarterly and year-end filings, during conference calls, and in various registration statements and prospectuses in connection with the various offerings that were materially false and misleading and that artificially inflated the price of AIG Common Stock. The alleged false and misleading statements relate to, among other things, the Subprime Exposure Issues. The consolidated complaint alleges violations of Sections 10(b) and 20(a) of the Exchange Act and Sections 11, 12(a)(2), and 15 of the Securities Act. On August 5, 2009, defendants filed motions to dismiss the consolidated complaint, and on September 27, 2010, the Court denied the motions to dismiss. On April 1, 2011, the lead plaintiff in the Consolidated 2008 Securities Litigation filed a motion to certify a class of plaintiffs. On November 2, 2011, the Court terminated the motion without prejudice to an application for restoration. On March 30, 2012, the lead plaintiff filed a renewed motion to certify a class of plaintiffs. On April 26, 2013, the Court granted a motion for judgment on the pleadings brought by the defendants. The Court's order dismissed all claims against the outside auditors in their entirety, and it also reduced the scope of the Securities Act claims against AIG and defendants other than the outside auditors. On September 23, 2013, at the request of the parties, the Court terminated lead plaintiff's motion for class certification without prejudice to reinstatement. We have accrued our current estimate of probable loss with respect to this litigation. Individual Securities Litigations. On November 18, 2011, January 20, 2012, June 11, 2012, August 8, 2012 and May 17, 2013, five separate, though similar, securities actions were brought by the Kuwait Investment Authority, various Oppenheimer Funds, eight foreign funds and investment entities led by the British Coal Staff Superannuation Scheme, Pacific Life Funds and Pacific Select Fund and the Teachers Retirement System of the State of Illinois against AIG and certain directors and officers of AIG and AIGFP (the action by the British Coal Staff Superannuation Scheme also names as defendants AIG's outside auditors and the underwriters of various securities offerings). The parties have agreed to stay discovery in these actions until the earlier of (i) the Court deciding the motion for class certification pending in the Consolidated 2008 Securities Litigation following 30 days' notice from any party in their respective action, (ii) the preliminary approval of any settlement in the Consolidated 2008 Securities Litigation, (iii) December 27, 2013, or (iv) such earlier or other date as the Court may order. On August 6, 2013, September 13, 2013, and September 16, 2013, four separate, though similar, securities actions were brought by 25 funds (collectively, the Dow 30SM plaintiffs), the Regents of the University of California, 12 foreign funds and management companies (collectively, the Stichting plaintiffs), and GIC Private Limited, respectively, against AIG and certain officers of AIG and AIGFP (the action by GIC Private Limited only named AIG as a defendant). The Dow 30SM action was filed in the Northern District of Illinois and the action filed by the Regents of the University of California was filed in the Northern District of California. The Stichting and GIC Private Limited actions were filed in the Southern District of New York. We have accrued our current estimate of probable loss with respect to these litigations. ERISA Actions — Southern District of New York. Between June 25, 2008, and November 25, 2008, AIG, certain directors and officers of AIG, and members of AIG's Retirement Board and Investment Committee were named as defendants in eight purported class action complaints asserting claims on behalf of participants in certain pension plans sponsored by AIG or its subsidiaries. The Court subsequently consolidated these eight actions as In re American International Group, Inc. ERISA Litigation II. On September 4, 2012, lead plaintiffs' counsel filed a second consolidated amended complaint. The action purports to be brought as a class action under the Employee Retirement Income Security Act of 1974, as amended (ERISA), on behalf of all participants in or beneficiaries of certain benefit plans of AIG and its subsidiaries that offered shares of AIG Common Stock. In the second consolidated amended complaint, plaintiffs allege, among other things, that the defendants breached their fiduciary responsibilities to plan participants and their beneficiaries under ERISA, by continuing to offer the AIG Stock Fund as an investment option in the plans after it allegedly became imprudent to do so. The alleged ERISA violations relate to, among other things, the defendants' purported failure to monitor and/or disclose certain matters, including the Subprime Exposure Issues. On November 20, 2012, defendants filed motions to dismiss the second consolidated amended complaint. On May 24, 2013, the parties informed the Court of a mediation scheduled for August 21-22, 2013, and requested that the Court defer consideration of defendants' motions pending the outcome of the mediation. On the same day, the Court granted the parties' request, terminating defendants' motions without prejudice to reinstatement on request following the August mediation, if necessary. On August 26, 2013, the parties informed the Court that the mediation did not result in a resolution of the action, and defendants requested that the Court reinstate their motions to dismiss. On September 4, 2013, the Court reinstated defendants' motions to dismiss. As of October 31, 2013, discovery is ongoing, and the Court has not determined if a class action is appropriate or the size or scope of any class. As a result, we are unable to reasonably estimate the possible loss or range of losses, if any, arising from the litigation. Canadian Securities Class Action — Ontario Superior Court of Justice. On November 12, 2008, an application was filed in the Ontario Superior Court of Justice for leave to bring a purported class action against AIG, AIGFP, certain directors and officers of AIG and Joseph Cassano, the former Chief Executive Officer of AIGFP, pursuant to the Ontario Securities Act. If the Court grants the application, a class plaintiff will be permitted to file a statement of claim against defendants. The proposed statement of claim would assert a class period of March 16, 2006 through September 16, 2008 and would allege that during this period defendants made false and misleading statements and omissions in quarterly and annual reports and during oral presentations in violation of the Ontario Securities Act. On April 17, 2009, defendants filed a motion record in support of their motion to stay or dismiss for lack of jurisdiction and forum non conveniens. On July 12, 2010, the Court adjourned a hearing on the motion pending a decision by the Supreme Court of Canada in a pair of actions captioned Club Resorts Ltd. v. Van Breda 2012 SCC 17 (Van Breda). On April 18, 2012, the Supreme Court of Canada clarified the standard for determining jurisdiction over foreign and out-of-province defendants, such as AIG, by holding that a defendant must have some form of "actual," as opposed to a merely "virtual," presence in order to be deemed to be "doing business" in the jurisdiction. The Supreme Court of Canada also suggested that in future cases, defendants may contest jurisdiction even when they are found to be doing business in a Canadian jurisdiction if their business activities in the jurisdiction are unrelated to the subject matter of the litigation. The matter has been stayed pending further developments in the Consolidated 2008 Securities Litigation. In plaintiff's proposed statement of claim, plaintiff alleged general and special damages of $500 million and punitive damages of $50 million plus prejudgment interest or such other sums as the Court finds appropriate. As of October 31, 2013 the Court has not determined whether it has jurisdiction or granted plaintiff's application to file a statement of claim, no merits discovery has occurred and the action has been stayed. As a result, we are unable to reasonably estimate the possible loss or range of losses, if any, arising from the litigation. Starr International Litigation
On November 21, 2011, Starr International Company, Inc. (SICO) filed a complaint against the United States in the United States Court of Federal Claims (the Court of Federal Claims), bringing claims, both individually and on behalf of the classes defined below and derivatively on behalf of AIG (the SICO Treasury Action). The complaint challenges the government's assistance of AIG, pursuant to which AIG entered into a credit facility with the Federal Reserve Bank of New York (the FRBNY, and such credit facility, the FRBNY Credit Facility) and the United States received an approximately 80 percent ownership in AIG. The complaint alleges that the interest rate imposed on AIG and the appropriation of approximately 80 percent of AIG's equity was discriminatory, unprecedented, and inconsistent with liquidity assistance offered by the government to other comparable firms at the time and violated the Equal Protection, Due Process, and Takings Clauses of the U.S. Constitution. On November 21, 2011, SICO also filed a second complaint in the Southern District of New York against the FRBNY bringing claims, both individually and on behalf of all others similarly situated and derivatively on behalf of AIG (the SICO New York Action). This complaint also challenges the government's assistance of AIG, pursuant to which AIG entered into the FRBNY Credit Facility and the United States received an approximately 80 percent ownership in AIG. The complaint alleges that the FRBNY owed fiduciary duties to AIG as our controlling shareholder, and that the FRBNY breached these fiduciary duties by "divert[ing] the rights and assets of AIG and its shareholders to itself and favored third parties" through transactions involving Maiden Lane III LLC (ML III), an entity controlled by the FRBNY, and by "participating in, and causing AIG's officers and directors to participate in, the evasion of AIG's existing Common Stock shareholders' right to approve the massive issuance of the new Common Shares required to complete the government's taking of a nearly 80 percent interest in the Common Stock of AIG." SICO also alleges that the "FRBNY has asserted that in exercising its control over, and acting on behalf of, AIG it did not act in an official, governmental capacity or at the direction of the United States," but that "[t]o the extent the proof at or prior to trial shows that the FRBNY did in fact act in a governmental capacity, or at the direction of the United States, the improper conduct . . . constitutes the discriminatory takings of the property and property rights of AIG without due process or just compensation." On January 31, 2012 and February 1, 2012, amended complaints were filed in the Court of Federal Claims and the Southern District of New York, respectively. In rulings dated July 2, 2012, and September 17, 2012, the Court of Federal Claims largely denied the United States' motion to dismiss in the SICO Treasury Action. Discovery is proceeding. On November 19, 2012, the Southern District of New York granted the FRBNY's motion to dismiss the SICO New York Action. On December 21, 2012, SICO filed a notice of appeal in the United States Court of Appeals for the Second Circuit, which appeal is still pending. In both of the actions commenced by SICO, the only claims naming AIG as a party (as a nominal defendant) are derivative claims on behalf of AIG. On September 21, 2012, SICO made a pre-litigation demand on our Board demanding that we pursue the derivative claims in both actions or allow SICO to pursue the claims on our behalf. On January 9, 2013, our Board unanimously refused SICO's demand in its entirety and on January 23, 2013, counsel for the Board sent a letter to counsel for SICO describing the process by which our Board considered and refused SICO's demand and stating the reasons for our Board's determination. On March 11, 2013, SICO filed a second amended complaint in the SICO Treasury Action alleging that its demand was wrongfully refused. On June 26, 2013, the Court of Federal Claims granted AIG's and the United States' motions to dismiss SICO's derivative claims in the SICO Treasury Action and denied the United States motion to dismiss SICO's direct claims. On August 16, 2013, the United States filed a motion to certify the Court's June 26, 2013 order for interlocutory appeal. On September 27, 2013, the Court denied the United States' motion to certify the June 26, 2013 order for interlocutory appeal. On March 11, 2013, the Court of Federal Claims in the SICO Treasury Action granted SICO's motion for class certification of two classes with respect to SICO's non-derivative claims: (1) persons and entities who held shares of AIG Common Stock on or before September 16, 2008 and who owned those shares on September 22, 2008; and (2) persons and entities who owned shares of AIG Common Stock on June 30, 2009 and were eligible to vote those shares at AIG's June 30, 2009 annual meeting of shareholders. SICO has provided notice of class certification to potential members of the class, who, pursuant to a court order issued on April 25, 2013, had to return opt-in consent forms by September 16, 2013 in order to participate in either class. The United States has alleged, as an affirmative defense in its answer, that AIG is obligated to indemnify the FRBNY and its representatives, including the Federal Reserve Board of Governors and the United States (as the FRBNY's principal), for any recovery in the SICO Treasury Action, and seeks a contingent offset or recoupment for the value of net operating loss benefits the United States alleges that we received as a result of the government's assistance. On September 11, 2013, SICO filed a motion to strike the United States' affirmative defenses. The FRBNY has also requested indemnification in connection with the SICO New York Action from AIG under the FRBNY Credit Facility and from ML III under the Master Investment and Credit Agreement and the Amended and Restated Limited Liability Company Agreement of ML III. Other Litigation Related to AIGFP
As previously disclosed, on September 30, 2009, Brookfield Asset Management, Inc. and Brysons International, Ltd. (together, Brookfield) filed a complaint against AIG and AIGFP in the Southern District of New York that sought a declaration that a 1990 interest rate swap agreement (the swap agreement) between Brookfield and AIGFP (guaranteed by AIG) terminated upon the occurrence of certain alleged events that Brookfield contended constituted defaults under the swap agreement's standard "bankruptcy" default provision. Brookfield claimed that it was excused from all future payment obligations under the swap agreement on the basis of the purported termination. On August 26, 2013, we agreed to the termination of the swap agreement in exchange for the payment from Brookfield to AIGFP of $905 million. This swap agreement was part of the remaining derivatives portfolio of AIGFP and was carried on AIG's June 30, 2013 balance sheet at $900 million. Upon a stipulation of the parties, the court dismissed Brookfield's claims with prejudice on September 24, 2013. The settlement had no material effect on our results of operations for the three- and nine-month periods ended September 30, 2013. Employment Litigation against AIG and AIG Global Real Estate Investment Corporation
On December 9, 2009, AIG Global Real Estate Investment Corporation's (AIGGRE) former President, Kevin P. Fitzpatrick, several entities he controls, and various other single purpose entities (the SPEs) filed a complaint in the Supreme Court of the State of New York, New York County against AIG and AIGGRE (the Defendants). The case was removed to the Southern District of New York, and an amended complaint was filed on March 8, 2010. The amended complaint asserts that the Defendants violated fiduciary duties to Fitzpatrick and his controlled entities and breached Fitzpatrick's employment agreement and agreements of SPEs that purportedly entitled him to carried interest arising out of the sale or disposition of certain real estate. Fitzpatrick has also brought derivative claims on behalf of the SPEs, purporting to allege that the Defendants breached contractual and fiduciary duties in failing to fund the SPEs with various amounts allegedly due under the SPE agreements. Fitzpatrick has also requested injunctive relief, an accounting, and that a receiver be appointed to manage the affairs of the SPEs. He has further alleged that the SPEs are subject to a constructive trust. Fitzpatrick also has alleged a violation of ERISA relating to retirement benefits purportedly due. Fitzpatrick has claimed that he is currently owed damages totaling approximately $274 million (inclusive of interest as of September 3, 2013). Fitzpatrick also seeks a declaratory judgment that he will be entitled to unspecified profit interests whenever AIG sells eight buildings (one of which AIG contends it never owned and another of which AIG has already sold). In addition, Fitzpatrick claims punitive damages for the alleged breaches of fiduciary duties, and he applied to the Court on August 15, 2013 for attorneys' fees in light of discovery sanctions that the Court ordered against AIG in May. Defendants have paid Fitzpatrick all amounts that they believe are currently due and owing pursuant to the various agreements through which he seeks recovery. On February 26, 2013, the Court granted in part and denied in part the parties' cross-motions for partial summary judgment, reserving most issues for trial but finding that summary judgment was appropriate as to one group of properties and that those properties were potentially eligible for carried interest (subject to the resolution of other issues at trial). On June 26, 2013, the Court granted Defendants' motion for reconsideration of that ruling, finding that the jury should decide whether those properties are potentially eligible for carried interest. The Court also ruled that Fitzpatrick may amend his complaint to plead a claim for past due carried interest payments arising out of SPEs created for the purpose of allowing Fitzpatrick and others to invest their own capital in real estate ventures alongside AIG, its affiliates or co-venturers. On March 26, 2013, Fitzpatrick filed a motion for leave to amend his complaint to assert those claims, to add certain additional SPEs as derivative plaintiffs, to clarify and conform to his employment agreement allegations in support of an existing claim for declaratory judgment related to the vesting of carried interest and to assert a claim for declaratory judgment and specific performance, and the court granted that motion on April 25, 2013. Defendants answered and filed their affirmative defenses to that complaint on June 13, 2013. On June 24, 2013, the Court set November 4, 2013 as the first day of trial. On September 27, 2013, the Court granted Fitzpatrick's motion for reconsideration of the June 26, 2013 order granting Defendants' motion for reconsideration. As set forth above, the possible range of our loss is up to $274 million, although Fitzpatrick claims that he is also entitled to additional unspecified amounts of carried interest and punitive damages. False Claims Act Complaint
On February 25, 2010, a complaint was filed in the United States District Court for the Southern District of California by two individuals (Relators) seeking to assert claims on behalf of the United States against AIG and certain other defendants, including Goldman Sachs and Deutsche Bank, under the False Claims Act. Relators filed a first amended complaint on September 30, 2010, adding certain additional defendants, including Bank of America and Société Générale. The first amended complaint alleged that defendants engaged in fraudulent business practices in respect of their activities in the over-the-counter market for collateralized debt obligations, and submitted false claims to the United States in connection with the FRBNY Credit Facility and Maiden Lane II LLC (ML II) and ML III entities (the Maiden Lane Interests) through, among other things, misrepresenting AIG's ability and intent to repay amounts drawn on the FRBNY Credit Facility, and misrepresenting the value of the securities that the Maiden Lane Interests acquired from AIG and certain of its counterparties. The first amended complaint sought unspecified damages pursuant to the False Claims Act in the amount of three times the damages allegedly sustained by the United States as well as interest, attorneys' fees, costs and expenses. The complaint and the first amended complaint were initially filed and maintained under seal while the United States considered whether to intervene in the action. On or about April 28, 2011, after the United States declined to intervene, the District Court lifted the seal, and Relators served the first amended complaint on us on July 11, 2011. On April 19, 2013, the Court granted AIG's motion to dismiss, dismissing the first amended complaint in its entirety, without prejudice, giving the Relators the opportunity to file a second amended complaint. On May 24, 2013, the Relators filed a second amended complaint, which attempts to plead the same claims as the prior complaints and does not specify an amount of alleged damages. AIG and its co-defendants filed motions to dismiss the second amended complaint on August 9, 2013. As a result of the absence of a statement of damages and the early stage of this litigation, we are unable to reasonably estimate the possible loss or range of losses, if any, arising from the litigation. Litigation Matters Relating to AIG's Insurance Operations
Caremark. AIG and certain of its subsidiaries have been named defendants in two putative class actions in state court in Alabama that arise out of the 1999 settlement of class and derivative litigation involving Caremark Rx, Inc. (Caremark). The plaintiffs in the second-filed action intervened in the first-filed action, and the second-filed action was dismissed. An excess policy issued by a subsidiary of AIG with respect to the 1999 litigation was expressly stated to be without limit of liability. In the current actions, plaintiffs allege that the judge approving the 1999 settlement was misled as to the extent of available insurance coverage and would not have approved the settlement had he known of the existence and/or unlimited nature of the excess policy. They further allege that AIG, its subsidiaries, and Caremark are liable for fraud and suppression for misrepresenting and/or concealing the nature and extent of coverage. The complaints filed by the plaintiffs and the intervenors request compensatory damages for the 1999 class in the amount of $3.2 billion, plus punitive damages. AIG and its subsidiaries deny the allegations of fraud and suppression, assert that information concerning the excess policy was publicly disclosed months prior to the approval of the settlement, that the claims are barred by the statute of limitations, and that the statute cannot be tolled in light of the public disclosure of the excess coverage. The plaintiffs and intervenors, in turn, have asserted that the disclosure was insufficient to inform them of the nature of the coverage and did not start the running of the statute of limitations. On August 15, 2012, the trial court entered an order granting plaintiffs' motion for class certification. AIG and the other defendants have appealed that order to the Alabama Supreme Court, and the case in the trial court will be stayed until that appeal is resolved. General discovery has not commenced and AIG is unable to reasonably estimate the possible loss or range of losses, if any, arising from the litigation. Regulatory and Related Matters Our life insurance companies have received and responded to industry-wide regulatory inquiries, including a multi-state audit and market conduct examination covering compliance with unclaimed property laws and a directive from the New York Insurance Department regarding claims settlement practices and other related state regulatory inquiries. The inquiries concern the use of the Social Security Death Master File (SSDMF) to identify potential claims not yet presented to us in the normal course of business. In connection with the resolution of the multi-state examination relating to these matters in the third quarter of 2012, we paid an $11 million regulatory assessment to the various state insurance departments that are parties to the regulatory settlement to defray costs of their examinations and monitoring. Although we have enhanced our claims practices to include use of the SSDMF, it is possible that the settlement remediation requirements, remaining inquiries, other regulatory activity or litigation could result in the payment of additional amounts. AIG has also received a demand letter from a purported AIG shareholder requesting that the Board of Directors investigate these matters, and bring appropriate legal proceedings against any person identified by the investigation as engaging in misconduct. AIG believes it has adequately reserved for such claims, but there can be no assurance that the ultimate cost will not vary, perhaps materially, from its estimate. In connection with the previously disclosed multi-state examination of certain accident and health products, including travel products, issued by National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), Chartis Inc., on behalf of itself, National Union, and certain of Chartis Inc.'s insurance and non-insurance companies (collectively, the Chartis parties) entered into a Regulatory Settlement Agreement with regulators from 50 U.S. jurisdictions effective November 29, 2012. Under the agreement, and without admitting any liability for the issues raised in the examination, the Chartis parties (i) paid a civil penalty of $50 million, (ii) entered into a corrective action plan describing agreed-upon specific steps and standards for evaluating the Chartis parties' ongoing compliance with laws and regulations governing the issues identified in the examination, and (iii) agreed to pay a contingent fine in the event that the Chartis parties fail to satisfy certain terms of the corrective action plan. National Union and other AIG companies are also currently subject to civil litigation relating to the conduct of their accident and health business, and may be subject to additional litigation relating to the conduct of such business from time to time in the ordinary course. There can be no assurance that any regulatory action resulting from the issues identified will not have a material adverse effect on our ongoing operations of the business subject to the agreement, or on similar business written by other AIG carriers. Industry-wide examinations conducted by the Minnesota Department of Insurance and the Department of Housing and Urban Development (HUD) on captive reinsurance practices by lenders and mortgage insurance companies, including UGC, have been ongoing for several years. In 2011, the Consumer Financial Protection Bureau (CFPB) assumed responsibility for violations of the Real Estate Settlement Procedures Act from HUD, and assumed HUD's aforementioned ongoing investigation. In June 2012, the CFPB issued a Civil Investigative Demand (CID) to UGC and other mortgage insurance companies, requesting the production of documents and answers to written questions. The CFPB agreed to toll the deadlines associated with the CID pending discussions that could resolve the investigation. UGC and the CFPB reached a settlement, entered on April 8, 2013 by the United States District Court for the Southern District of Florida, where UGC consented to discontinue its remaining captive reinsurance practices and to pay a civil monetary penalty of $4.5 million to the CFPB. The settlement includes a release for all liability related to UGC's captive reinsurance practices and resolves the CFPB's investigation. UGC has received a proposed consent order from the Minnesota Commissioner of Commerce (the MN Commissioner) which alleges that UGC violated the Real Estate Settlement Procedures Act, the Fair Credit Reporting Act and other state and federal laws in connection with its practices with captive reinsurance companies owned by lenders. UGC is engaged in discussions with the MN Commissioner with respect to the terms of the proposed consent order. UGC cannot predict if or when a consent order may be entered into or, if entered into, what the terms of the final consent order will be. UGC is also currently subject to civil litigation relating to its placement of reinsurance with captives owned by lenders, and may be subject to additional litigation relating to the conduct of such business from time to time in the ordinary course. AIG is responding to requests for information and documents by the New York Department of Financial Services (DFS), the Manhattan District Attorney's Office (DANY), and other governmental authorities relating to AIG's formerly wholly owned subsidiaries, ALICO and Delaware American Life Insurance Company (DelAm), and other related business units, which were sold by AIG to MetLife in November 2010. The inquiries relate to whether ALICO, DelAm and their representatives conducted insurance business in New York over an extended period of time without a license, and whether certain representations by ALICO concerning its activities in New York were accurate. See Guarantees — Asset Dispositions — ALICO Sale below.
Other Contingencies
Liability for unpaid claims and claims adjustment expense
Although we regularly review the adequacy of the established Liability for unpaid claims and claims adjustment expense, there can be no assurance that our loss reserves will not develop adversely and have a material adverse effect on our results of operations. Estimation of ultimate net losses, loss expenses and loss reserves is a complex process, particularly for long-tail casualty lines of business, which include, but are not limited to, general liability, commercial automobile liability, environmental, workers' compensation, excess casualty and crisis management coverages, insurance and risk management programs for large corporate customers and other customized structured insurance products, as well as excess and umbrella liability, directors and officers and products liability. Generally, actual historical loss development factors are used to project future loss development. However, there can be no assurance that future loss development patterns will be the same as in the past. Moreover, any deviation in loss cost trends or in loss development factors might not be identified for an extended period of time subsequent to the recording of the initial loss reserve estimates for any accident year. There is the potential for reserves with respect to a number of years to be significantly affected by changes in loss cost trends or loss development factors that were relied upon in setting the reserves. These changes in loss cost trends or loss development factors could be attributable to changes in economic conditions in the United States and abroad, changes in the legal, regulatory, judicial and social environment, changes in medical cost trends (inflation, intensity and utilization of medical services), underlying policy pricing, terms and conditions, and claims handling practices.
Commitments
Flight Equipment Related to Business Held for Sale
At September 30, 2013, ILFC had committed to purchase 338 new aircraft with aggregate estimated total remaining payments of approximately $21.8 billion, which include 10 aircraft through sale-leaseback transactions with airlines, deliverable from 2013 through 2022. ILFC had also committed to purchase two used aircraft and nine new spare engines. ILFC will be required to find lessees for any aircraft acquired and to arrange financing for a substantial portion of the purchase price. These commitments are related to discontinued operations. See Note 4 for a discussion of the ILFC transaction.
Other Commitments
In the normal course of business, we enter into commitments to invest in limited partnerships, private equity funds and hedge funds and to purchase and develop real estate in the U.S. and abroad. These commitments totaled $2.5 billion at September 30, 2013.
Guarantees
Subsidiaries
We have issued unconditional guarantees with respect to the prompt payment, when due, of all present and future payment obligations and liabilities of AIG Financial Products Corp. and AIG Trading Group Inc. and their respective subsidiaries (collectively, AIGFP) and of AIG Markets, Inc. (AIG Markets) arising from transactions entered into by AIG Markets. In connection with AIGFP's business activities, AIGFP has issued, in a limited number of transactions, standby letters of credit or similar facilities to equity investors in an amount equal to the termination value owing to the equity investor by the lessee in the event of a lessee default (the equity termination value). The total amount outstanding at September 30, 2013 was $306 million. In those transactions, AIGFP has agreed to pay such amount if the lessee fails to pay. The amount payable by AIGFP is, in certain cases, partially offset by amounts payable under other instruments typically equal to the present value of scheduled payments to be made by AIGFP. In the event that AIGFP is required to make a payment to the equity investor, the lessee is unconditionally obligated to reimburse AIGFP. To the extent that the equity investor is paid the equity termination value from the standby letter of credit and/or other sources, including payments by the lessee, AIGFP takes an assignment of the equity investor's rights under the lease of the underlying property. Because the obligations of the lessee under the lease transactions are generally economically defeased, lessee bankruptcy is the most likely circumstance in which AIGFP would be required to pay without reimbursement. Asset Dispositions
General
We are subject to financial guarantees and indemnity arrangements in connection with the completed sales of businesses pursuant to our asset disposition plan. The various arrangements may be triggered by, among other things, declines in asset values, the occurrence of specified business contingencies, the realization of contingent liabilities, developments in litigation or breaches of representations, warranties or covenants provided by us. These arrangements are typically subject to various time limitations, defined by the contract or by operation of law, such as statutes of limitation. In some cases, the maximum potential obligation is subject to contractual limitations, while in other cases such limitations are not specified or are not applicable. We are unable to develop a reasonable estimate of the maximum potential payout under certain of these arrangements. Overall, we believe that it is unlikely we will have to make any material payments related to completed sales under these arrangements, and no material liabilities related to these arrangements have been recorded in the Condensed Consolidated Balance Sheets.
ALICO Sale
Pursuant to the terms of the ALICO stock purchase agreement, we have agreed to provide MetLife with certain indemnities. The most significant remaining indemnities include:
In connection with the indemnity obligations described above, approximately $20 million of proceeds from the sale of ALICO remained in escrow as of September 30, 2013. Other
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The entire disclosure for commitments, contingencies, and guarantees. No definition available.
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Shares Outstanding
The following table presents a rollforward of outstanding shares:
Dividends and Repurchase of AIG Common Stock
Payment of future dividends to our shareholders depends in part on the regulatory framework that we are currently subject to and that will ultimately be applicable to us, including as a savings and loan holding company, a systemically important financial institution under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) and a global systemically important insurer. In addition, dividends will be payable on AIG Common Stock only when, as and if declared by our Board of Directors in its discretion, from funds legally available therefor. In considering whether to pay a dividend or purchase shares of AIG Common Stock, our Board of Directors will take into account such matters as the performance of our businesses, our consolidated financial condition, results of operations and liquidity, available capital, the existence of investment opportunities, contractual, legal and regulatory restrictions on the payment of dividends by our subsidiaries, rating agency considerations, including the potential effect on our debt ratings, and such other factors as our Board of Directors may deem relevant. On September 26, 2013, AIG paid a dividend of $0.10 per share on AIG Common Stock. On October 31, 2013, our Board of Directors declared a cash dividend of $0.10 per share on AIG Common Stock. See Note 17 herein for further discussion. On August 1, 2013, our Board of Directors authorized the repurchase of shares of AIG Common Stock, with an aggregate purchase price of up to $1.0 billion, from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions or otherwise. The timing of such repurchases will depend on market conditions, our financial condition, results of operations, liquidity and other factors. For the three- and nine-month periods ended September 30, 2013, we repurchased approximately four million shares of AIG Common Stock for an aggregate purchase price of approximately $192 million pursuant to this authorization. See Note 20 to the Consolidated Financial Statements in the 2012 Annual Report for a discussion of restrictions on payments of dividends to AIG Parent by its subsidiaries.
Accumulated Other Comprehensive Income
The following table presents a rollforward of Accumulated other comprehensive income:
The following table presents the other comprehensive income reclassification adjustments for the three- and nine-month periods ended September 30, 2013 and 2012:
The following table presents the effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Condensed Consolidated Statements of Income:
* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 14 to the Condensed Consolidated Financial Statements. |
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| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
NONCONTROLLING INTERESTS
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
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| NONCONTROLLING INTERESTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NONCONTROLLING INTERESTS | 12. NONCONTROLLING INTERESTS
The following table presents a rollforward of noncontrolling interests:
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| X | ||||||||||
|
- Definition
The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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EARNINGS PER SHARE (EPS)
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
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| EARNINGS PER SHARE (EPS) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EARNINGS PER SHARE (EPS) | 13. EARNINGS PER SHARE (EPS)
The basic EPS computation is based on the weighted average number of common shares outstanding, adjusted to reflect all stock dividends and stock splits. The diluted EPS computation is based on those shares used in the basic EPS computation plus shares that would have been outstanding assuming issuance of common shares for all dilutive potential common shares outstanding, and adjusted to reflect all stock dividends and stock splits. The following table presents the computation of basic and diluted EPS:
* Dilutive shares are calculated using the treasury stock method and include dilutive shares from share-based employee compensation plans, a weighted average portion of the warrants issued to AIG shareholders as part of the recapitalization in January 2011 and a weighted average portion of the warrants issued to the Department of the Treasury in 2009 that we repurchased in the first quarter of 2013. The number of shares excluded from diluted shares outstanding were 0.4 million and 51 million for the three- and nine-month periods ended September 30, 2013, respectively, and 78 million for both the three- and nine-month periods ended September 30, 2012, because the effect of including those shares in the calculation would have been anti-dilutive. |
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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EMPLOYEE BENEFITS
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
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| EMPLOYEE BENEFITS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EMPLOYEE BENEFITS | 14. EMPLOYEE BENEFITS
The following table presents the components of net periodic benefit cost with respect to pensions and other postretirement benefits:
For the nine-month period ended September 30, 2013, we contributed $82 million to our U.S. and non-U.S. pension plans and estimate that we will contribute an additional $18 million for the remainder of 2013. These estimates are subject to change because contribution decisions are affected by various factors, including our liquidity, market performance and management discretion. |
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| X | ||||||||||
|
- Details
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| X | ||||||||||
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- Definition
The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
INCOME TAXES
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9 Months Ended |
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|
Sep. 30, 2013
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| INCOME TAXES | |
| INCOME TAXES | 15. INCOME TAXES
Interim Tax Calculation Method
We use the estimated annual effective tax rate method in computing our interim tax provision. Certain items, including those deemed to be unusual, infrequent or that cannot be reliably estimated, are excluded from the estimated annual effective tax rate. In these cases, the actual tax expense or benefit is reported in the same period as the related item. Certain tax effects are also not reflected in the estimated annual effective tax rate, primarily certain changes in the realizability of deferred tax assets and uncertain tax positions.
Interim Tax Expense (Benefit)
For the three- and nine-month periods ended September 30, 2013, the effective tax rate on income from continuing operations was (84.2) percent and 1.7 percent, respectively. The effective tax rate for the three- and nine-month periods ended September 30, 2013, on income from continuing operations differs from the statutory tax rate of 35 percent primarily due to tax effects associated with tax exempt interest income, effective settlements of certain uncertain tax positions, and decreases primarily in AIG Life and Retirement's capital loss carryforward valuation allowance and certain other valuation allowances associated with foreign jurisdictions. The decrease in the capital loss carryforward valuation allowance was primarily attributable to the actual and projected gains from AIG Life and Retirement's available-for-sale securities. For the nine-month period ended September 30, 2013, these items were partially offset by changes in uncertain tax positions. For the three- and nine-month periods ended September 30, 2012, the effective tax rate on income from continuing operations was 28.7 percent and 15.2 percent, respectively. The effective tax rate for the three- and nine-month periods ended September 30, 2012, on income from continuing operations differs from the statutory tax rate of 35 percent primarily due to tax effects associated with tax exempt interest income and investments in partnerships, and decreases primarily in AIG Life and Retirement's capital loss carryforward valuation allowance related to the actual and projected gains from AIG Life and Retirement's available-for-sale securities. These items were partially offset by changes in uncertain tax positions.
Assessment of Deferred Tax Asset Valuation Allowance
The evaluation of the recoverability of our deferred tax asset and the need for a valuation allowance requires us to weigh all positive and negative evidence to reach a conclusion that it is more likely than not that all or some portion of the deferred tax asset will not be realized. The weight given to the evidence is commensurate with the extent to which it can be objectively verified. The more negative evidence that exists, the more positive evidence is necessary and the more difficult it is to support a conclusion that a valuation allowance is not needed. Our framework for assessing the recoverability of the deferred tax asset requires us to consider all available evidence, including:
As a result of sales in the ordinary course of business to manage our investment portfolio and the application of prudent and feasible tax planning strategies, during the three-month period ended September 30, 2013, we determined that an additional portion of primarily AIG Life and Retirement's capital loss carryforwards will more-likely-than-not be realized prior to their expiration. For the three-month period ended September 30, 2013, we recognized a $0.9 billion decrease to our deferred tax asset valuation allowance associated with AIG Life and Retirement's capital loss carryforwards, of which $0.8 billion was allocated to income from continuing operations and $0.1 billion was allocated to other comprehensive income. During the three-month period ended September 30, 2013, we also recognized a $0.3 billion decrease to our deferred tax asset valuation allowance associated with certain foreign jurisdictions, primarily attributable to our ability to demonstrate profits within those jurisdictions over the relevant carryforward periods. For the nine-month period ended September 30, 2013, we recognized a $2.3 billion decrease to our deferred tax asset valuation allowance associated with AIG Life and Retirement's capital loss carryforwards, of which $2.1 billion was allocated to income from continuing operations and $0.2 billion was allocated to other comprehensive income. During the nine-month period ended September 30, 2013, we also recognized a $0.5 billion decrease to our deferred tax asset valuation allowance associated with certain state, local and foreign jurisdictions, primarily attributable to our ability to demonstrate profits within those jurisdictions over the relevant carryforward periods. For the three-month period ended September 30, 2012, we recognized a $0.2 billion decrease to our deferred tax asset valuation allowance associated with AIG Life and Retirement's capital loss carryforwards, all of which was allocated to income from continuing operations. For the nine-month period ended September 30, 2012, we recognized a $1.7 billion decrease to our deferred tax asset valuation allowance associated with AIG Life and Retirement's capital loss carryforwards, of which $1.6 billion was allocated to income from continuing operations and $0.1 billion was allocated to other comprehensive income. Additional AIG Life and Retirement's capital loss carryforwards may be realized in the future if and when other prudent and feasible tax planning strategies are identified. Changes in market conditions, including rising interest rates above our projections, may result in a reduction in projected taxable gains and increases to certain deferred tax asset valuation allowances.
Tax Examinations and Litigation
On March 29, 2013, the U.S. District Court for the Southern District of New York, denied our motion for partial summary judgment related to the disallowance of foreign tax credits associated with cross border financing transactions. On April 17, 2013, we initiated a request for certification of the court's decision for immediate appeal to the United States Court of Appeals for the Second Circuit. We will vigorously defend our position, and continue to believe that we have adequate reserves for any liability that could result from the IRS actions.
Accounting for Uncertainty in Income Taxes
At September 30, 2013 and December 31, 2012, our unrecognized tax benefits, excluding interest and penalties, were $4.6 billion and $4.4 billion, respectively. The increase from December 31, 2012 was primarily due to foreign tax credits associated with cross border financing transactions, partially offset by certain benefits realized due to the partial completion of the IRS examination covering the years 2003-2005. At September 30, 2013 and December 31, 2012, our unrecognized tax benefits included $0.01 billion and $0.2 billion, respectively, related to tax positions that if recognized would not affect the effective tax rate because they relate to the timing, rather than the permissibility, of the deduction. Accordingly, at September 30, 2013 and December 31, 2012, the amounts of unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate were $4.6 billion and $4.2 billion, respectively. Interest and penalties related to unrecognized tax benefits are recognized in income tax expense. At September 30, 2013 and December 31, 2012, we accrued $890 million and $935 million, respectively, for the payment of interest (net of the federal benefit) and penalties. For the nine-month periods ended September 30, 2013 and 2012, we recognized $(45) million and $181 million, respectively, of income tax expense (benefit) for interest net of the federal benefit (expense) and penalties. We regularly evaluate adjustments proposed by taxing authorities. At September 30, 2013, such proposed adjustments would not have resulted in a material change to our consolidated financial condition, although it is possible that the effect could be material to our consolidated results of operations for an individual reporting period. Although it is reasonably possible that a change in the balance of unrecognized tax benefits may occur within the next 12 months, based on the information currently available, we do not expect any change to be material to our consolidated financial condition or results of operations. |
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The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT
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| INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT | 16. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT
The following condensed consolidating financial statements reflect the results of AIG Life Holdings, Inc. (AIGLH), a holding company and a wholly owned subsidiary of AIG. AIG provides a full and unconditional guarantee of all outstanding debt of AIGLH.
Condensed Consolidating Balance Sheets
(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment. (b) Eliminated in consolidation. (c) For September 30, 2013 and December 31, 2012, includes intercompany tax payables of $8.6 billion and $6.1 billion, respectively, and intercompany derivative liabilities of $353 million and $602 million, respectively, for American International Group, Inc. (As Guarantor) and intercompany tax receivables for $82 million and $120 million, respectively, for AIGLH.
Condensed Consolidating Statements of Income
* Eliminated in consolidation.
Condensed Consolidating Statements of Comprehensive Income
Condensed Consolidating Statements of Cash Flows
Supplementary Disclosure of Condensed Consolidating Cash Flow Information
American International Group, Inc. (As Guarantor) supplementary disclosure of non-cash activities:
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The entire disclosure for condensed financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SUBSEQUENT EVENTS
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| SUBSEQUENT EVENTS | 17. SUBSEQUENT EVENTS
Debt Issuance
On October 2, 2013, we issued $1.0 billion aggregate principal amount of 4.125% senior notes due 2024. Dividends Declared
On October 31, 2013, our Board of Directors declared a cash dividend on AIG Common Stock of $0.10 per share, payable on December 19, 2013 to shareholders of record on December 5, 2013. The payment of any future dividends will be at the discretion of our Board of Directors and will depend on various factors, including the regulatory framework applicable to us. See Note 11 for further discussion. |
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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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BASIS OF PRESENTATION (Policies)
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| Presentation Changes | Presentation Changes
Advisory fee income, and the related commissions and advisory fee expenses of AIG Life and Retirement's broker dealer business, are now being presented on a gross basis within Other income and Other expenses, respectively. Previously, these amounts were included on a net basis within Policy fees in AIG's Condensed Consolidated Statements of Income and in AIG Life and Retirement's segment results. In addition, policyholder benefits related to certain payout annuities, primarily with life contingent features, are now being presented in the Condensed Consolidated Balance Sheets as Future policy benefits for life and accident and health insurance contracts instead of as Policyholder contract deposits. Prior period amounts were conformed to the current period presentation. These changes did not affect Income from continuing operations before income tax expense, Net income attributable to AIG or Total liabilities.
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| Use of Estimates | Use of Estimates
The preparation of financial statements in accordance with GAAP requires the application of accounting policies that often involves a significant degree of judgment. Accounting policies that are most dependent on the application of estimates and assumptions are considered our critical accounting estimates and are related to the determination of:
These accounting estimates require the use of assumptions about matters, some of which are highly uncertain at the time of estimation. To the extent actual experience differs from the assumptions used, our consolidated financial condition, results of operations and cash flows could be materially affected. |
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Disclosure of change in presentation. No definition available.
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Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
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| Future Application of Accounting Standards | Future Application of Accounting Standards
Certain Obligations Resulting from Joint and Several Liability Arrangements
In February 2013, the FASB issued an accounting standard that requires us to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date as the sum of (i) the amount we agreed to pay on the basis of our arrangement among our co-obligors and (ii) any additional amount we expect to pay on behalf of our co-obligors. The standard is effective for fiscal years and interim periods beginning after December 15, 2013, but earlier adoption is permitted. Upon adoption, the standard should be applied retrospectively to all prior periods presented. We plan to adopt the standard on its required effective date of January 1, 2014 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows. Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of an Investment within a Foreign Entity or of an Investment in a Foreign Entity
In March 2013, the FASB issued an accounting standard addressing whether consolidation guidance or foreign currency guidance applies to the release of the cumulative translation adjustment into net income when a parent sells all or a part of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or net assets that are a business (other than a sale of in-substance real estate) within a foreign entity. The guidance also resolves the diversity in practice for the cumulative translation adjustment treatment in business combinations achieved in stages involving foreign entities. Under this standard, the entire amount of the cumulative translation adjustment associated with the foreign entity should be released into earnings when there has been: (i) a sale of a subsidiary or group of net assets within a foreign entity and the sale represents a complete or substantially complete liquidation of the foreign entity in which the subsidiary or the net assets had resided; (ii) a loss of a controlling financial interest in an investment in a foreign entity; or (iii) a change in accounting method from applying the equity method to an investment in a foreign entity to consolidating the foreign entity. The standard is effective for fiscal years and interim periods beginning after December 15, 2013, and will be applied prospectively. We plan to adopt the standard on its required effective date of January 1, 2014 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows. Investment Company Guidance
In June 2013, the FASB issued an accounting standard that amends the criteria a company must meet to qualify as an investment company, clarifies the measurement guidance, and requires new disclosures for investment companies. An entity that is regulated by the Securities and Exchange Commission under the Investment Company Act of 1940 (the 1940 Act) qualifies as an investment company. Entities that are not regulated under the 1940 Act must have certain fundamental characteristics and must consider other characteristics to determine whether they qualify as investment companies. An entity's purpose and design should be considered when making the assessment. The standard is effective for fiscal years and interim periods beginning after December 15, 2013. Earlier adoption is prohibited. An entity that no longer meets the requirements to be an investment company as a result of this standard should present the change in its status as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. An entity that is an investment company should apply the guidance prospectively as an adjustment to opening net assets as of the effective date. The adjustment to net assets represents both the difference between the fair value and the carrying amount of the entity's investments and any amount previously recognized in accumulated other comprehensive income. We plan to adopt the standard on its required effective date of January 1, 2014 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows. Presentation of Unrecognized Tax Benefits
In July 2013, the FASB issued an accounting standard that requires a liability related to unrecognized tax benefits to be presented as a reduction to the related deferred tax asset for a net operating loss carryforward or a tax credit carryforward (the Carryforwards). When the Carryforwards are not available at the reporting date under the tax law of the applicable jurisdiction or the tax law of the applicable jurisdiction does not require, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit will be presented in the financial statements as a liability and will not be combined with the related deferred tax asset. The standard is effective for fiscal years and interim periods beginning after December 15, 2013, but earlier adoption is permitted. Upon adoption, the standard should be applied prospectively to unrecognized tax benefits that existed at the effective date. Retrospective application is permitted. We plan to adopt the standard prospectively on its required effective date of January 1, 2014 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows. |
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| Accounting Standards Adopted | Accounting Standards Adopted During 2013
Testing Indefinite-Lived Intangible Assets for Impairment
In July 2012, the Financial Accounting Standards Board (FASB) issued an accounting standard that allows a company, as a first step in an impairment review, to assess qualitatively whether it is more likely than not that an indefinite-lived intangible asset is impaired. We are not required to calculate the fair value of an indefinite-lived intangible asset and perform a quantitative impairment test unless we determine, based on the results of the qualitative assessment, that it is more likely than not the asset is impaired. The standard became effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. We adopted the standard on its required effective date of January 1, 2013. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows. Disclosures about Offsetting Assets and Liabilities
In January 2013, the FASB issued an accounting standard that clarifies the scope of transactions subject to disclosures about offsetting assets and liabilities. The standard applies to derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are offset either in accordance with specific criteria contained in the FASB Accounting Standards Codification or subject to a master netting arrangement or similar agreement. The standard became effective for fiscal years and interim periods beginning on or after January 1, 2013. We adopted the standard on its required effective date of January 1, 2013 and applied it retrospectively to all comparative periods presented. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows. Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income
In February 2013, the FASB issued an accounting standard requiring us to disclose the effect of reclassifying significant items out of accumulated other comprehensive income on the respective line items of net income or to provide a cross-reference to other disclosures required under GAAP. The standard became effective for annual and interim reporting periods beginning after December 15, 2012. We adopted the standard on its required effective date of January 1, 2013. The adoption of this standard had no effect on our consolidated financial condition, results of operations or cash flows. Inclusion of the Federal Funds Effective Swap Rate as a Benchmark Interest Rate for Hedge Accounting Purposes
In July 2013, the FASB issued an accounting standard that permits the Federal Funds Effective Swap Rate (or Overnight Index Swap Rate) to be used as a U.S. benchmark interest rate for hedge accounting purposes in addition to U.S. Treasury rates and LIBOR. The standard also removes the prohibition on the use of differing benchmark rates when entering into similar hedging relationships. The standard became effective on a prospective basis for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013 to the extent the Federal Funds Effective Swap Rate is used as a U.S. benchmark interest rate for hedge accounting purposes. We adopted the standard on its effective date of July 17, 2013. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows.
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Disclosure of recent accounting standards issued, but not yet adopted, and the entity's assessment of the impact on its financial statements, if known. No definition available.
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Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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SEGMENT INFORMATION (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
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| SEGMENT INFORMATION | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of operations by reportable segment |
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| X | ||||||||||
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- Definition
Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS (Tables)
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Sep. 30, 2013
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| HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of assets and liabilities held for sale |
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| Summary of income (loss) from discontinued operations |
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- Definition
Tabular disclosure of assets and liabilities held for sale. Disclosure may include the description of facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). No definition available.
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- Details
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- Definition
Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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FAIR VALUE MEASUREMENTS (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
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| FAIR VALUE MEASUREMENTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets and liabilities measured at fair value on a recurring basis |
(a) Represents netting of derivative exposures covered by a qualifying master netting agreement. (b) Represents cash collateral posted and received. Securities collateral posted for derivative transactions that is reflected in Fixed maturity securities in the Condensed Consolidated Balance Sheets, and collateral received, not reflected in the Condensed Consolidated Balance Sheets, was $1.4 billion and $160 million, respectively, at September 30, 2013 and $1.9 billion and $299 million, respectively, at December 31, 2012. |
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| Changes in Level 3 recurring fair value measurements |
(a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. (b) Includes guaranteed investment agreements (GIAs), notes, bonds, loans and mortgages payable. |
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| Schedule of net realized and unrealized gains and losses related to Level 3 items |
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| Gross components of purchases, sales, issuances and settlements, net |
(a) There were no issuances during the three- and nine-month periods ended September 30, 2013 and 2012. (b) Includes GIAs, notes, bonds, loans and mortgages payable. |
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| Significant unobservable inputs used for recurring fair value measurements |
(a) The unobservable inputs and ranges for the constant prepayment rate, loss severity and constant default rate relate to each of the individual underlying mortgage loans that comprise the entire portfolio of securities in the RMBS and CDO securitization vehicles and not necessarily to the securitization vehicle bonds (tranches) purchased by us. The ranges of these inputs do not directly correlate to changes in the fair values of the tranches purchased by us because there are other factors relevant to the specific tranches owned by us including, but not limited to, purchase price, position in the waterfall, senior versus subordinated position and attachment points. (b) Represents discount rates, estimates and assumptions that we believe would be used by market participants when valuing these assets and liabilities. (c) Information received from independent third-party valuation service providers. (d) Yield was the only input available for $6.6 billion of total fair value at December 31, 2012. |
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| Investments in Certain Entities Carried at Fair Value Using Net Asset Value per Share |
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| Gains or losses related to the eligible instruments for which AIG elected the fair value option |
(a) Includes hedge funds, private equity funds, affordable housing partnerships and other investment partnerships. (b) Includes GIAs, notes, bonds, loans and mortgages payable. (c) Excludes discontinued operations. |
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| Difference between fair values and aggregate contractual principal amounts, fair value option |
* Includes GIAs, notes, bonds, loans and mortgages payable. |
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| Fair value assets measured on nonrecurring basis and impairment charges |
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| Carrying value and estimated fair value of AIG's financial instruments |
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- Definition
Tabular disclosure of the fair value measurement of assets and liabilities using significant unobservable inputs (level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets and liabilities) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets and liabilities) are reported in the statement of income (or activities); (2) purchases, sales, issuances and settlements (each type disclosed separately); and (3) transfers in and transfers out of level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset and liability. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of the fair value measurement of assets and liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset and liability. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure regarding gross purchases, sales, issuances, and settlements (net) which have taken place during the period in relation to assets and liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3). No definition available.
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- Definition
Disclosure of the difference between fair values and the aggregate contractual principal amounts of mortgage and other loans receivable and long-term borrowings, for which the fair value option was elected. No definition available.
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- Definition
Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of the fair value of investees that calculate net asset value per share (including by unit, membership interest, or other equity (ownership interest) unit measure) (alternative investments), whether measured at fair value on a recurring or nonrecurring basis, by major category of assets and liabilities (as defined), including, for example, (i) fair value measurements at the reporting date, (ii) the level within the fair value hierarchy in which the fair value measurements fall, (iii) a reconciliation of beginning and ending balances for those alternative investments that are measured at fair value using unobservable inputs (Level 3 - fair value hierarchy fair value measurement inputs), (iv) the inputs and valuation techniques used to measure fair value, (v) a discussion of changes to valuation techniques and inputs, if any, during the period, (vi) a description of the nature and risk associated with the alternative investments, and (vii) a discussion of the probability that any of the alternative investments are to be sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INVESTMENTS (Tables)
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Sep. 30, 2013
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| INVESTMENTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The amortized cost or cost and fair value of AIG's available for sale securities and other invested assets carried at fair value |
(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 value of such securities subsequent to the impairment measurement date. (b) At September 30, 2013 and December 31, 2012, bonds available for sale held by us that were below investment grade or not rated totaled $31.1 billion and $29.6 billion, respectively. |
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| The fair value and gross unrealized losses on AIG's available for sale securities in a loss position, aggregated by major investment category and length of time that individual securities have been in a continuous unrealized loss position |
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| The amortized cost and fair value of fixed maturity securities available for sale by contractual maturity |
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| The gross realized gains and gross realized losses from sales of AIG's available for sale securities |
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| The fair value of AIG's trading securities |
(a) Includes $1.0 billion of U.S. Government agency backed ABS. (b) Securities presented herein are measured at fair value based on our election of the fair value option.
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| Components of net investment income |
* Includes hedge funds, private equity funds, affordable housing partnerships and other investment partnerships.
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| Components of net realized capital gains (losses) |
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| Schedule of increase (decrease) in unrealized appreciation of available for sale securities |
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| Credit impairments recognized in earnings for available for sale fixed maturity securities |
* Represents both accretion recognized due to changes in cash flows expected to be collected over the remaining expected term of the credit impaired securities and the accretion due to the passage of time. |
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| Schedule of Purchased Credit Impaired (PCI) Securities, at acquisition date |
* Represents undiscounted expected cash flows, including both principal and interest. |
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| Schedule of Purchased Credit Impaired (PCI) Securities, at reporting date |
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| Activity for accretable yield on Purchased Credit Impaired (PCI) Securities |
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| Schedule of fair value of securities pledged to counterparties under secured financing transactions |
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| Schedule of fair value of securities pledged to the entity under reverse repurchase agreements |
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- Definition
This item represents the disclosure related to net realized gains or losses on investments during the period of Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities categorized according to their contractual maturity. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of the fair value and gross unrealized loss of the entity's fixed maturity and equity securities in an unrealized loss position, aggregated by major investment category and by length of time that the securities have been in a continuous unrealized loss position. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of the reconciliation of available-for-sale securities, private equity and hedge fund investments from cost basis to fair value. No definition available.
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- Definition
Tabular rollforward of accretable yield on purchased credit impaired (PCI) securities. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of purchased credit impaired (PCI) securities which had experienced deterioration in credit quality since their origination. The disclosure includes contractually required payments, cash flows expected to be collected, and recorded investments in acquired securities at the acquisition date. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of purchased credit impaired (PCI) securities which had experienced deterioration in credit quality since their origination. The disclosure the outstanding principal balance, amortized cost and fair value of the PCI securities at the reporting date. No definition available.
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- Definition
Tabular disclosure of investment income, including unrealized gains and trading gains, net of investment expenses. No definition available.
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- Definition
Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of realized gains and losses on investments reported in the statement of income. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of securities financing transactions including resale and repurchase agreements, securities borrowed and lending transactions, securities received as collateral and obligations to return securities received as collateral. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of investments in trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of unrealized gains and losses on investments. No definition available.
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LENDING ACTIVITIES (Tables)
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Sep. 30, 2013
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| LENDING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Composition of Mortgages and other loans receivable |
* Commercial mortgages primarily represent loans for office, retail and industrial properties, with exposures in California and New York representing the largest geographic concentrations (aggregating approximately 18 percent and 17 percent at September 30, 2013, respectively, and approximately 22 percent and 15 percent at December 31, 2012, respectively).
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| Schedule of credit quality indicators for the commercial mortgage loans |
(a) Loans that have been modified in troubled debt restructurings and are performing according to their restructured terms. For additional discussion of troubled debt restructurings see Note 8 to the Consolidated Financial Statements in the 2012 Annual Report. (b) Does not reflect valuation allowances. (c) Approximately 99 percent of the commercial mortgages held at such respective dates were current as to payments of principal and interest.
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| Schedule of changes in the allowance for losses on Mortgage and other loans receivable |
* Of the total allowance at the end of the period, $102 million and $38 million relates to individually assessed credit losses on $267 million and $332 million of commercial mortgage loans at September 30, 2013 and 2012, respectively. |
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| X | ||||||||||
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- Definition
Tabular disclosure of commercial mortgage loans by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the activity in the total allowance for credit losses related to financing receivables (such as loans or lease receivables) for entities that have an unclassified balance sheet, including the balance in the allowance at the beginning and end of each period, additions charged to operations, direct write-downs charged against the allowance, and recoveries of amounts previously charged off. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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VARIABLE INTEREST ENTITIES (Tables)
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Sep. 30, 2013
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| VARIABLE INTEREST ENTITIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Consolidated Variable Interest Entities |
(a) The assets of each VIE can be used only to settle specific obligations of that VIE. (b) At September 30, 2013 and December 31, 2012 includes approximately $12.2 billion and $3.6 billion, respectively, of primarily investment-grade debt securities held by certain securitization vehicles that issued beneficial interests in these investments. The majority of the beneficial interests issued are held by AIG. (c) At September 30, 2013 and December 31, 2012, off-balance sheet exposure, primarily consisting of commitments to real estate and investment funds, was $50.8 million and $48.7 million, respectively. |
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| Schedule of Unconsolidated Variable Interest Entities |
* At September 30, 2013 and December 31, 2012, $2.8 billion and $2.5 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets. |
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| X | ||||||||||
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- Definition
Disclosure of the assets, liabilities and off-balance sheet exposure of variable interest entities that are consolidated in the entity's financial statements. No definition available.
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| X | ||||||||||
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- Definition
Disclosure of assets and maximum exposure to loss (including that recorded on the balance sheet and that which is not recorded) for variable interest entities that are not consolidated in the entity's financial statements. No definition available.
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| X | ||||||||||
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- Details
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DERIVATIVES AND HEDGE ACCOUNTING (Tables)
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Sep. 30, 2013
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| DERIVATIVES AND HEDGE ACCOUNTING | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notional amounts and fair values of derivative instruments |
(a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b) Includes cross-currency swaps. (c) Notional amount of derivative assets and fair value of derivative assets include $1.1 billion and $4 million, respectively, at September 30, 2013, related to bifurcated embedded derivatives. Notional amount of derivative liabilities and fair value of derivative liabilities include $27 billion and $0.4 billion, respectively, at September 30, 2013, and $23 billion and $1.3 billion, respectively, at December 31, 2012, related to bifurcated embedded derivatives. A bifurcated embedded derivative is generally presented with the host contract in the Condensed Consolidated Balance Sheets. (d) Consists primarily of contracts with multiple underlying exposures.
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| Fair values of derivative assets and liabilities in the Condensed Consolidated Balance Sheets |
(a) Represents derivatives used to hedge the foreign currency and interest rate risk associated with insurance operations as well as embedded derivatives included in insurance contracts. Bifurcated embedded derivatives are recorded in Policyholder contract deposits in the Condensed Consolidated Balance Sheets. (b) Represents netting of derivative exposures covered by a qualifying ISDA Master Agreement. (c) Represents cash collateral posted and received that is eligible for netting.
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| Gain (loss) recognized in earnings on AIG's derivative instruments in fair value hedging relationships in the Condensed Consolidated Statements of Income |
(a) Gains and losses recognized in earnings on derivatives are recorded in Net realized capital gains and Interest credited to policyholder account balances. Gains and losses recognized in earnings on hedged items are recorded in Net realized capital gains, Interest credited to policyholder account balances, and Other income. Gains and losses recognized in earnings from the ineffective portion and amounts excluded from effectiveness testing, if any, are recorded in Net realized capital gains. (b) Includes $19 million and $18 million for the three-month periods ended September 30, 2013 and 2012, respectively, and $72 million and $97 million, for the nine-month periods ended September 30, 2013 and 2012, respectively, representing the amortization of debt basis adjustment following the discontinuation of hedge accounting. |
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| Effect of AIG's derivative instruments not designated as hedging instruments in the Condensed Consolidated Statements of Income |
(a) Includes cross currency swaps. (b) Includes embedded derivative gains of $266 million and $1.0 billion for the three- and nine-month periods ended September 30, 2013, respectively, and embedded derivative losses of $75 million and $268 million for the three- and nine-month periods ended September 30, 2012, respectively. |
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| Net notional amount, fair value of derivative (asset) liability and unrealized market valuation gain (loss) |
(a) Net notional amounts presented are net of all structural subordination below the covered tranches. The decrease in the total net notional amount from December 31, 2012 to September 30, 2013 was due to amortization of $745 million and terminations and maturities of $67 million, partially offset by foreign exchange rate movement of $176 million. (b) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (c) Includes credit valuation adjustment losses of $2 million and $12 million for the three-month periods ended September 30, 2013 and 2012, respectively, and losses of $3 million and $36 million for the nine-month periods ended September 30, 2013 and 2012, respectively, representing the effect of changes in our credit spreads on the valuation of the derivatives liabilities. (d) During the nine-month period ended September 30, 2013, we paid $120 million to counterparties with respect to multi-sector CDOs, which was previously included in the fair value of the derivative liability as an unrealized market valuation loss. Multi-sector CDOs also include $3.0 billion and $3.4 billion in net notional amount of credit default swaps written with cash settlement provisions at September 30, 2013 and December 31, 2012, respectively. Collateral postings with regards to multi-sector CDOs were $1.2 billion and $1.6 billion at September 30, 2013 and December 31, 2012, respectively. (e) Corporate debt/Collateralized Loan Obligations (CLOs) include $1.1 billion and $1.2 billion in net notional amount of credit default swaps written on the super senior tranches of CLOs at September 30, 2013 and December 31, 2012, respectively. Collateral postings with regards to corporate debt/CLOs were $394 million and $420 million at September 30, 2013 and December 31, 2012, respectively. |
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- Details
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- Definition
Tabular disclosure of credit derivatives which includes information by sellers of credit derivatives, about each credit derivative, or each group of similar credit derivatives, including (a) the nature of the credit derivative - its term, how it arose, the events or circumstances that would require the seller to perform under the credit derivative, and the current status of the payment/performance risk of the credit derivative; (b) the maximum potential amount of future payments (undiscounted) the seller could be required to make under the credit derivative; (c) the current fair value of the credit derivative; and (d) the nature of any recourse provisions under the credit derivative, and any assets held either as collateral or by third parties. A credit derivative is a derivative instrument (1) in which one or more of its underlyings are related to the credit risk of a specified entity (or a group of entities) or an index based on the credit risk of a group of entities and (2) that exposes the seller to potential loss from credit-risk-related events specified in the contract. Examples of credit derivatives within the scope of this paragraph include, but are not limited to, credit default swaps, credit spread options, and credit index products; also includes a hybrid instrument that has an embedded credit derivative (for example, but not limited to, a credit-linked note). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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EQUITY (Tables)
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Sep. 30, 2013
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| Rollforward of common stock outstanding |
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| Accumulated Other Comprehensive Income (Loss) |
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| Other comprehensive income (loss) reclassification adjustments |
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| Schedule of effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Condensed Consolidated Statements of Income |
* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 14 to the Condensed Consolidated Financial Statements. |
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| X | ||||||||||
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- Definition
Tabular disclosure of the components of other comprehensive income (loss) reclassification adjustments. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). No definition available.
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- Definition
Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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NONCONTROLLING INTERESTS (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
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| NONCONTROLLING INTERESTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rollforward of noncontrolling interests |
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| X | ||||||||||
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- Definition
A reconciliation of the beginning and ending balance of redeemable noncontrolling interests and non-redeemable noncontrolling interests. No definition available.
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| X | ||||||||||
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- Details
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EARNINGS PER SHARE (EPS) (Tables)
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
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| EARNINGS PER SHARE (EPS) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Computation of basic and diluted EPS |
* Dilutive shares are calculated using the treasury stock method and include dilutive shares from share-based employee compensation plans, a weighted average portion of the warrants issued to AIG shareholders as part of the recapitalization in January 2011 and a weighted average portion of the warrants issued to the Department of the Treasury in 2009 that we repurchased in the first quarter of 2013. The number of shares excluded from diluted shares outstanding were 0.4 million and 51 million for the three- and nine-month periods ended September 30, 2013, respectively, and 78 million for both the three- and nine-month periods ended September 30, 2012, because the effect of including those shares in the calculation would have been anti-dilutive. |
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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EMPLOYEE BENEFITS (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
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| EMPLOYEE BENEFITS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Components of net periodic benefit cost |
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
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| INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Consolidating Balance Sheets |
(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment. (b) Eliminated in consolidation. (c) For September 30, 2013 and December 31, 2012, includes intercompany tax payables of $8.6 billion and $6.1 billion, respectively, and intercompany derivative liabilities of $353 million and $602 million, respectively, for American International Group, Inc. (As Guarantor) and intercompany tax receivables for $82 million and $120 million, respectively, for AIGLH. |
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| Condensed Consolidating Statements of Income |
* Eliminated in consolidation. |
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| Condensed Consolidating Statements of Comprehensive Income |
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| Condensed Consolidating Statements of Cash Flows |
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| Supplementary Disclosure of Condensed Consolidating Cash Flow Information |
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| Supplementary disclosure of non-cash activities |
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of supplementary cash flow information for the periods presented. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure that encapsulates the detailed table comprising the condensed consolidating statement of comprehensive income (loss). No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of all or some of the information related to other significant noncash investing and financing activities that occurred during the accounting period and are not otherwise listed in the existing taxonomy. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of a transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
BASIS OF PRESENTATION (Details) (USD $)
|
Sep. 30, 2013
|
Dec. 31, 2012
|
|---|---|---|
| BASIS OF PRESENTATION | ||
| Common stock, par value (in dollars per share) | $ 2.50 | $ 2.50 |
| X | ||||||||||
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- Definition
Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
|
|
SEGMENT INFORMATION (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Mar. 31, 2013
segment
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Dec. 31, 2012
segment
|
|
| Segment results | ||||||
| Number of reportable segments | 2 | |||||
| Total revenues | $ 14,826 | $ 16,722 | $ 48,029 | $ 50,440 | ||
| Pre-tax Income (loss) from continuing operations | 1,179 | 2,558 | 7,158 | 8,693 | ||
|
Reportable segment | Total AIG Property Casualty
|
||||||
| Segment results | ||||||
| Total revenues | 9,608 | 10,149 | 29,333 | 29,967 | ||
| Pre-tax Income (loss) from continuing operations | 1,029 | 949 | 3,801 | 2,820 | ||
|
Reportable segment | Total AIG Property Casualty | Operating segments | Commercial Insurance
|
||||||
| Segment results | ||||||
| Total revenues | 5,760 | 5,927 | 17,229 | 17,871 | ||
| Pre-tax Income (loss) from continuing operations | 610 | 371 | 2,186 | 1,761 | ||
|
Reportable segment | Total AIG Property Casualty | Operating segments | Consumer Insurance
|
||||||
| Segment results | ||||||
| Total revenues | 3,359 | 3,582 | 10,212 | 10,758 | ||
| Pre-tax Income (loss) from continuing operations | 93 | 152 | 337 | 578 | ||
|
Reportable segment | Total AIG Property Casualty | Other
|
||||||
| Segment results | ||||||
| Total revenues | 489 | 640 | 1,892 | 1,338 | ||
| Pre-tax Income (loss) from continuing operations | 326 | 426 | 1,278 | 481 | ||
|
Reportable segment | Total AIG Life and Retirement
|
||||||
| Segment results | ||||||
| Number of operating segments | 2 | 2 | ||||
| Total revenues | 4,644 | 4,747 | 15,432 | 13,077 | ||
| Pre-tax Income (loss) from continuing operations | 1,241 | 889 | 4,530 | 2,528 | ||
|
Reportable segment | Total AIG Life and Retirement | Operating segments | Retail
|
||||||
| Segment results | ||||||
| Total revenues | 2,884 | 2,747 | 9,326 | 7,647 | ||
| Pre-tax Income (loss) from continuing operations | 941 | 531 | 3,114 | 1,356 | ||
|
Reportable segment | Total AIG Life and Retirement | Operating segments | Institutional
|
||||||
| Segment results | ||||||
| Total revenues | 1,760 | 2,000 | 6,106 | 5,430 | ||
| Pre-tax Income (loss) from continuing operations | 300 | 358 | 1,416 | 1,172 | ||
|
AIG Consolidation and elimination
|
||||||
| Segment results | ||||||
| Total revenues | (104) | (387) | (413) | (689) | ||
| Pre-tax Income (loss) from continuing operations | 34 | (171) | 96 | (166) | ||
|
Other Operations
|
||||||
| Segment results | ||||||
| Total revenues | 678 | 2,213 | 3,677 | 8,085 | ||
| Pre-tax Income (loss) from continuing operations | (1,125) | 891 | (1,269) | 3,511 | ||
|
Other Operations | Mortgage Guaranty
|
||||||
| Segment results | ||||||
| Total revenues | 236 | 218 | 710 | 642 | ||
| Pre-tax Income (loss) from continuing operations | 43 | 6 | 162 | 62 | ||
|
Other Operations | Global Capital Markets
|
||||||
| Segment results | ||||||
| Total revenues | 87 | 235 | 592 | 405 | ||
| Pre-tax Income (loss) from continuing operations | 29 | 190 | 431 | 253 | ||
|
Other Operations | Direct Investment Book
|
||||||
| Segment results | ||||||
| Total revenues | 147 | 506 | 1,373 | 1,434 | ||
| Pre-tax Income (loss) from continuing operations | 52 | 406 | 1,084 | 1,139 | ||
|
Other Operations | Retained Interests
|
||||||
| Segment results | ||||||
| Total revenues | 857 | 4,717 | ||||
| Pre-tax Income (loss) from continuing operations | 857 | 4,717 | ||||
|
Other Operations | Corporate and Other
|
||||||
| Segment results | ||||||
| Total revenues | 217 | 412 | 1,030 | 925 | ||
| Pre-tax Income (loss) from continuing operations | (1,250) | (566) | (2,949) | (2,659) | ||
|
Other Operations | Consolidation and elimination of reconciling items
|
||||||
| Segment results | ||||||
| Total revenues | (9) | (15) | (28) | (38) | ||
| Pre-tax Income (loss) from continuing operations | $ 1 | $ (2) | $ 3 | $ (1) | ||
| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues. No definition available.
|
| X | ||||||||||
|
- Definition
Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS (Details) (USD $)
|
3 Months Ended | 9 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2013
Airbus A340-600s
|
Dec. 09, 2012
International Lease Finance Corporation (ILFC)
|
Sep. 30, 2013
International Lease Finance Corporation (ILFC)
|
Sep. 30, 2013
International Lease Finance Corporation (ILFC)
|
Dec. 31, 2012
International Lease Finance Corporation (ILFC)
|
Jul. 15, 2013
International Lease Finance Corporation (ILFC)
|
Sep. 30, 2013
Discontinued operations
|
Sep. 30, 2012
Discontinued operations
|
Sep. 30, 2013
Discontinued operations
|
Sep. 30, 2012
Discontinued operations
|
Sep. 30, 2013
International Lease Finance Corporation (ILFC)
Flight Equipment
|
Sep. 30, 2013
International Lease Finance Corporation (ILFC)
Flight Equipment
item
|
Sep. 30, 2013
ALICO
|
Sep. 30, 2013
ALICO
|
Sep. 30, 2013
Assets held-for-sale
|
Dec. 31, 2012
Assets held-for-sale
|
|
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations | ||||||||||||||||||||||
| Percentage of common stock agreed to be sold | 80.10% | |||||||||||||||||||||
| Consideration in cash | $ 4,200,000,000 | |||||||||||||||||||||
| Additional percentage of common stock under purchase option | 9.90% | |||||||||||||||||||||
| Additional consideration for common stock under purchase option | 522,500,000 | |||||||||||||||||||||
| Total percentage of common stock agreed to be sold | 90.00% | |||||||||||||||||||||
| Assets: | ||||||||||||||||||||||
| Equity securities | 3,378,000,000 | 3,378,000,000 | 3,212,000,000 | 2,000,000 | 1,000,000 | |||||||||||||||||
| Mortgage and other loans receivable, net | 178,000,000 | 117,000,000 | ||||||||||||||||||||
| Flight equipment primarily under operating leases, net of accumulated depreciation | 35,256,000,000 | 34,468,000,000 | ||||||||||||||||||||
| Short-term investments | 22,457,000,000 | 22,457,000,000 | 28,808,000,000 | 548,000,000 | 1,861,000,000 | |||||||||||||||||
| Cash | 2,058,000,000 | 1,608,000,000 | 2,058,000,000 | 1,608,000,000 | 1,151,000,000 | 1,474,000,000 | 71,000,000 | 63,000,000 | ||||||||||||||
| Premiums and other receivables, net of allowance | 13,715,000,000 | 13,715,000,000 | 13,989,000,000 | 300,000,000 | 308,000,000 | |||||||||||||||||
| Other assets | 8,736,000,000 | 8,736,000,000 | 10,399,000,000 | 2,238,000,000 | 1,864,000,000 | |||||||||||||||||
| Assets held for sale | 38,593,000,000 | 38,682,000,000 | ||||||||||||||||||||
| Less: Loss Accrual | (8,473,000,000) | (6,717,000,000) | ||||||||||||||||||||
| Total assets held for sale | 30,120,000,000 | 30,120,000,000 | 31,965,000,000 | 30,120,000,000 | 31,965,000,000 | |||||||||||||||||
| Liabilities: | ||||||||||||||||||||||
| Other liabilities | 31,368,000,000 | 31,368,000,000 | 32,068,000,000 | 3,195,000,000 | 3,043,000,000 | |||||||||||||||||
| Long-term debt | 42,231,000,000 | 42,231,000,000 | 48,500,000,000 | 22,253,000,000 | 24,323,000,000 | |||||||||||||||||
| Total liabilities held for sale | 25,448,000,000 | 25,448,000,000 | 27,366,000,000 | 25,448,000,000 | 27,366,000,000 | |||||||||||||||||
| Revenues: | ||||||||||||||||||||||
| Aircraft leasing revenue | 1,120,000,000 | 1,147,000,000 | 3,313,000,000 | 3,426,000,000 | ||||||||||||||||||
| Net realized capital gains (losses) | 252,000,000 | 646,000,000 | 2,143,000,000 | 794,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||
| Other income (loss) | 1,004,000,000 | 1,334,000,000 | 4,498,000,000 | 3,068,000,000 | (3,000,000) | (5,000,000) | (10,000,000) | (14,000,000) | ||||||||||||||
| Total revenues | 14,826,000,000 | 16,722,000,000 | 48,029,000,000 | 50,440,000,000 | 1,118,000,000 | 1,143,000,000 | 3,303,000,000 | 3,412,000,000 | ||||||||||||||
| Benefits, claims and expenses, excluding Aircraft leasing expenses | 341,000,000 | 386,000,000 | 1,112,000,000 | 1,184,000,000 | ||||||||||||||||||
| Aircraft leasing expenses | 196,000,000 | 720,000,000 | 376,000,000 | 1,991,000,000 | ||||||||||||||||||
| Income (loss) from discontinued operations | 581,000,000 | 37,000,000 | 1,815,000,000 | 237,000,000 | ||||||||||||||||||
| Gain (loss) on sale | (582,000,000) | (1,800,000,000) | (6,700,000,000) | (609,000,000) | (1,636,000,000) | 12,000,000 | (27,000,000) | 118,000,000 | ||||||||||||||
| Income (loss) from discontinued operations, before tax expense (benefit) | (28,000,000) | 37,000,000 | 179,000,000 | 249,000,000 | ||||||||||||||||||
| Income tax expense (benefit) | 14,000,000 | 95,000,000 | (31,000,000) | |||||||||||||||||||
| Income (loss) from discontinued operations, net of income tax | (42,000,000) | 37,000,000 | 84,000,000 | 280,000,000 | (4,400,000,000) | (42,000,000) | 37,000,000 | 84,000,000 | 280,000,000 | |||||||||||||
| Impairment charge related to assets held for use | $ 1,000,000,000 | $ 1,100,000,000 | $ 1,100,000,000 | |||||||||||||||||||
| Number of engine widebody aircraft in the fleet | 4 | |||||||||||||||||||||
| X | ||||||||||
|
- Definition
Represents the total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs excluding aircraft leasing rentals. No definition available.
|
| X | ||||||||||
|
- Definition
For disposal group including discontinued operations, represents the value of additional percentage of common stock which the vendor has the option to purchase. No definition available.
|
| X | ||||||||||
|
- Definition
For disposal group including discontinued operations, represents the additional percentage of common stock which the vendor purchaser has the option to purchase. No definition available.
|
| X | ||||||||||
|
- Definition
For disposal group including discontinued operations, represents the percentage of common stock agreed to be sold. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the total percentage of common stock agreed to be sold for the disposal group including discontinued operations. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the amount of accrued losses on assets held for sale, at the balance sheet date. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the number of engine widebody aircraft in the fleet whose net book value is no longer supportable based upon the latest cash flow estimates. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the net realized gains or (losses) on investments, including available for sale and trading securities, real estate investments, loans, and derivative instruments. Also includes other-than temporary impairment charges, the provision for loan losses, foreign currency transactions and other charges related to the valuation of these investments in the period. No definition available.
|
| X | ||||||||||
|
- Definition
Expenses incurred related to the lease of aircraft from outside third parties that are used in the entity's business operations. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Represents the sum of the carrying value of all the Assets Held-for-Sale at the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Current assets (normally turning over within one year or one business cycle if longer) that are held for sale apart from normal operations and anticipated to be sold within one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of equity securities categorized neither as held-to-maturity nor as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss), before tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of operating income or loss attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net amount of long-lived, depreciable flight assets used in the entity's principle business operations, including owned aircraft and on capital lease, as well as capitalized improvements. No definition available.
|
| X | ||||||||||
|
- Definition
The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Liability (such as a mortgage) related to a disposal group that is held for sale and anticipated to be sold in less than one year. The liability is expected to be discharged as part of the plan of sale for the asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net amount of the investment in a contractual right to receive money on demand or on fixed or determinable dates that is recognized as an asset in the creditor's statement of financial position. Examples include, but are not limited to, credit card receivables, notes receivable and receivables relating to lessor's rights to payments from leases other than operating leases that have been recorded as assets. Excludes trade accounts receivable with contractual maturity of one year or less and arose from the sale of goods or services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Including both current and noncurrent portions, carrying amount as of the balance sheet date of other forms of debt not elsewhere specified in the taxonomy with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Other investments not otherwise specified in the taxonomy that will be realized in a short period of time, usually less than one year or the normal operating cycle, whichever is longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date, net of allowance for doubtful accounts, of all premiums and other types of receivables due from other persons or entities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
FAIR VALUE MEASUREMENTS (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Dec. 31, 2012
|
Sep. 30, 2013
Recurring Basis
|
Sep. 30, 2012
Recurring Basis
|
Sep. 30, 2013
Recurring Basis
U.S. government and government sponsored entities
|
Sep. 30, 2013
Recurring Basis
U.S. government and government sponsored entities
|
Sep. 30, 2013
Recurring Basis
Non-U.S. government
|
Sep. 30, 2012
Recurring Basis
Non-U.S. government
|
Sep. 30, 2013
Recurring Basis
Non-U.S. government
|
Sep. 30, 2012
Recurring Basis
Non-U.S. government
|
Sep. 30, 2013
Recurring Basis
Level 1
|
Dec. 31, 2012
Recurring Basis
Level 1
|
Sep. 30, 2013
Recurring Basis
Level 1
Interest rate contracts
|
Dec. 31, 2012
Recurring Basis
Level 1
Interest rate contracts
|
Sep. 30, 2013
Recurring Basis
Level 1
Equity contracts
|
Dec. 31, 2012
Recurring Basis
Level 1
Equity contracts
|
Sep. 30, 2013
Recurring Basis
Level 1
U.S. government and government sponsored entities
|
Dec. 31, 2012
Recurring Basis
Level 1
U.S. government and government sponsored entities
|
Sep. 30, 2013
Recurring Basis
Level 1
Non-U.S. government
|
Dec. 31, 2012
Recurring Basis
Level 1
Non-U.S. government
|
Sep. 30, 2013
Recurring Basis
Level 1
Common Stock
|
Dec. 31, 2012
Recurring Basis
Level 1
Common Stock
|
Sep. 30, 2013
Recurring Basis
Level 1
Mutual Funds
|
Dec. 31, 2012
Recurring Basis
Level 1
Mutual Funds
|
Sep. 30, 2013
Recurring Basis
Level 2
|
Dec. 31, 2012
Recurring Basis
Level 2
|
Sep. 30, 2013
Recurring Basis
Level 2
Interest rate contracts
|
Dec. 31, 2012
Recurring Basis
Level 2
Interest rate contracts
|
Sep. 30, 2013
Recurring Basis
Level 2
Foreign exchange contracts
|
Dec. 31, 2012
Recurring Basis
Level 2
Foreign exchange contracts
|
Sep. 30, 2013
Recurring Basis
Level 2
Equity contracts
|
Dec. 31, 2012
Recurring Basis
Level 2
Equity contracts
|
Sep. 30, 2013
Recurring Basis
Level 2
Commodity contracts
|
Dec. 31, 2012
Recurring Basis
Level 2
Commodity contracts
|
Sep. 30, 2013
Recurring Basis
Level 2
Credit contracts
|
Sep. 30, 2013
Recurring Basis
Level 2
Other contracts
|
Dec. 31, 2012
Recurring Basis
Level 2
Other contracts
|
Sep. 30, 2013
Recurring Basis
Level 2
U.S. government and government sponsored entities
|
Dec. 31, 2012
Recurring Basis
Level 2
U.S. government and government sponsored entities
|
Sep. 30, 2013
Recurring Basis
Level 2
Obligations of states, municipalities and political subdivisions
|
Dec. 31, 2012
Recurring Basis
Level 2
Obligations of states, municipalities and political subdivisions
|
Sep. 30, 2013
Recurring Basis
Level 2
Non-U.S. government
|
Dec. 31, 2012
Recurring Basis
Level 2
Non-U.S. government
|
Sep. 30, 2013
Recurring Basis
Level 2
Corporate debt
|
Dec. 31, 2012
Recurring Basis
Level 2
Corporate debt
|
Sep. 30, 2013
Recurring Basis
Level 2
Residential mortgage backed securities (RMBS)
|
Dec. 31, 2012
Recurring Basis
Level 2
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2013
Recurring Basis
Level 2
Commercial mortgage-backed securities (CMBS)
|
Dec. 31, 2012
Recurring Basis
Level 2
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2013
Recurring Basis
Level 2
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Dec. 31, 2012
Recurring Basis
Level 2
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Dec. 31, 2012
Recurring Basis
Level 2
Common Stock
|
Sep. 30, 2013
Recurring Basis
Level 2
Preferred Stock
|
Dec. 31, 2012
Recurring Basis
Level 2
Preferred Stock
|
Sep. 30, 2013
Recurring Basis
Level 2
Mutual Funds
|
Dec. 31, 2012
Recurring Basis
Level 2
Mutual Funds
|
Sep. 30, 2013
Recurring Basis
Level 3
|
Dec. 31, 2012
Recurring Basis
Level 3
|
Sep. 30, 2013
Recurring Basis
Level 3
Interest rate contracts
|
Dec. 31, 2012
Recurring Basis
Level 3
Interest rate contracts
|
Sep. 30, 2013
Recurring Basis
Level 3
Equity contracts
|
Dec. 31, 2012
Recurring Basis
Level 3
Equity contracts
|
Sep. 30, 2013
Recurring Basis
Level 3
Commodity contracts
|
Dec. 31, 2012
Recurring Basis
Level 3
Commodity contracts
|
Sep. 30, 2013
Recurring Basis
Level 3
Credit contracts
|
Dec. 31, 2012
Recurring Basis
Level 3
Credit contracts
|
Sep. 30, 2013
Recurring Basis
Level 3
Other contracts
|
Dec. 31, 2012
Recurring Basis
Level 3
Other contracts
|
Sep. 30, 2013
Recurring Basis
Level 3
Obligations of states, municipalities and political subdivisions
|
Dec. 31, 2012
Recurring Basis
Level 3
Obligations of states, municipalities and political subdivisions
|
Sep. 30, 2013
Recurring Basis
Level 3
Non-U.S. government
|
Dec. 31, 2012
Recurring Basis
Level 3
Non-U.S. government
|
Sep. 30, 2013
Recurring Basis
Level 3
Corporate debt
|
Dec. 31, 2012
Recurring Basis
Level 3
Corporate debt
|
Sep. 30, 2013
Recurring Basis
Level 3
Residential mortgage backed securities (RMBS)
|
Dec. 31, 2012
Recurring Basis
Level 3
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2013
Recurring Basis
Level 3
Commercial mortgage-backed securities (CMBS)
|
Dec. 31, 2012
Recurring Basis
Level 3
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2013
Recurring Basis
Level 3
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Dec. 31, 2012
Recurring Basis
Level 3
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Sep. 30, 2013
Recurring Basis
Level 3
Common Stock
|
Dec. 31, 2012
Recurring Basis
Level 3
Common Stock
|
Sep. 30, 2013
Recurring Basis
Level 3
Preferred Stock
|
Dec. 31, 2012
Recurring Basis
Level 3
Preferred Stock
|
Sep. 30, 2013
Recurring Basis
Counterparty Netting
|
Dec. 31, 2012
Recurring Basis
Counterparty Netting
|
Sep. 30, 2013
Recurring Basis
Counterparty Netting
Counterparty netting and cash collateral
|
Dec. 31, 2012
Recurring Basis
Counterparty Netting
Counterparty netting and cash collateral
|
Sep. 30, 2013
Recurring Basis
Cash Collateral
|
Dec. 31, 2012
Recurring Basis
Cash Collateral
|
Sep. 30, 2013
Recurring Basis
Cash Collateral
Counterparty netting and cash collateral
|
Dec. 31, 2012
Recurring Basis
Cash Collateral
Counterparty netting and cash collateral
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Interest rate contracts
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Interest rate contracts
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Foreign exchange contracts
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Foreign exchange contracts
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Equity contracts
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Equity contracts
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Commodity contracts
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Commodity contracts
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Credit contracts
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Credit contracts
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Other contracts
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Other contracts
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Counterparty netting and cash collateral
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Counterparty netting and cash collateral
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
U.S. government and government sponsored entities
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
U.S. government and government sponsored entities
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Obligations of states, municipalities and political subdivisions
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Obligations of states, municipalities and political subdivisions
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Non-U.S. government
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Non-U.S. government
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Corporate debt
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Corporate debt
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Residential mortgage backed securities (RMBS)
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Commercial mortgage-backed securities (CMBS)
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Common Stock
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Common Stock
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Preferred Stock
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Preferred Stock
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Mutual Funds
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Mutual Funds
|
|
| Fair Value, Assets Measured on Recurring Basis | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bonds available for sale | $ 259,901 | $ 269,959 | $ 524 | $ 1,004 | $ 100 | $ 424 | $ 1,004 | $ 230,507 | $ 244,803 | $ 3,335 | $ 3,483 | $ 29,827 | $ 34,681 | $ 22,589 | $ 25,782 | $ 142,726 | $ 149,625 | $ 22,390 | $ 22,730 | $ 5,896 | $ 5,010 | $ 3,744 | $ 3,492 | $ 28,870 | $ 24,152 | $ 1,054 | $ 1,024 | $ 21 | $ 14 | $ 1,442 | $ 1,487 | $ 14,086 | $ 11,662 | $ 5,616 | $ 4,905 | $ 6,651 | $ 5,060 | $ 259,901 | $ 269,959 | $ 3,435 | $ 3,483 | $ 30,881 | $ 35,705 | $ 23,034 | $ 26,800 | $ 144,168 | $ 151,112 | $ 36,476 | $ 34,392 | $ 11,512 | $ 9,915 | $ 10,395 | $ 8,552 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bond trading securities, at fair value | 22,884 | 24,584 | 83 | 266 | 83 | 266 | 12,274 | 14,574 | 5,784 | 6,528 | 181 | 2 | 2 | 1,147 | 1,320 | 1,363 | 1,331 | 623 | 1,424 | 3,174 | 3,969 | 10,527 | 9,744 | 815 | 396 | 831 | 803 | 8,881 | 8,545 | 22,884 | 24,584 | 5,867 | 6,794 | 181 | 2 | 2 | 1,147 | 1,320 | 2,178 | 1,727 | 1,454 | 2,227 | 12,055 | 12,514 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity securities available for sale | 3,378 | 3,212 | 3,267 | 3,085 | 2,991 | 3,002 | 276 | 83 | 36 | 59 | 3 | 29 | 34 | 7 | 22 | 75 | 68 | 27 | 24 | 48 | 44 | 3,378 | 3,212 | 3,018 | 3,029 | 77 | 78 | 283 | 105 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity securities trading | 807 | 662 | 721 | 578 | 86 | 84 | 807 | 662 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgage and other loans receivable | 134 | 134 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other invested assets | 8,071 | 7,056 | 5 | 125 | 2,318 | 1,542 | 5,748 | 5,389 | 8,071 | 7,056 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative assets, at fair value | 1,723 | 3,671 | 118 | 106 | 5 | 2 | 113 | 104 | 4,069 | 5,832 | 3,970 | 5,521 | 41 | 104 | 57 | 63 | 144 | 1 | 210 | 1,109 | 38 | 956 | 83 | 54 | 1 | 1 | 55 | 60 | 33 | 38 | (1,863) | (2,467) | (1,863) | (2,467) | (811) | (909) | (811) | (909) | 1,723 | 3,671 | 4,013 | 6,479 | 41 | 104 | 253 | 221 | 1 | 145 | 56 | 60 | 33 | 38 | (2,674) | (3,376) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Short-term investments, portion measured at fair value | 5,373 | 8,056 | 339 | 285 | 5,034 | 7,771 | 5,373 | 8,056 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Separate account assets, at fair value | 65,959 | 57,337 | 62,944 | 54,430 | 3,015 | 2,907 | 65,959 | 57,337 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other assets | 486 | 696 | 486 | 696 | 486 | 696 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair value assets measured on recurring basis, total | 68,001 | 59,879 | 257,825 | 278,402 | 45,430 | 40,462 | (1,863) | (2,467) | (811) | (909) | 368,582 | 375,367 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value, Liabilities Measured on Recurring Basis | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Policyholder contract deposits, portion measured at fair value | 387 | 1,257 | 387 | 1,257 | 387 | 1,257 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative liabilities, at fair value | 2,722 | 4,061 | 4,358 | 6,022 | 3,960 | 5,582 | 275 | 174 | 94 | 114 | 4 | 146 | 25 | 6 | 1,891 | 2,482 | 165 | 224 | 1 | 7 | 1,561 | 2,051 | 164 | 200 | (1,863) | (2,467) | (1,863) | (2,467) | (1,664) | (1,976) | (1,664) | (1,976) | 2,722 | 4,061 | 4,125 | 5,806 | 275 | 174 | 95 | 121 | 4 | 146 | 1,561 | 2,051 | 189 | 206 | (3,527) | (4,443) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long-term debt, portion measured at fair value | 6,981 | 8,055 | 6,538 | 7,711 | 443 | 344 | 6,981 | 8,055 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other liabilities | 766 | 1,080 | 73 | 30 | 693 | 1,050 | 766 | 1,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair value liabilities measured on recurring basis, total | 73 | 30 | 11,589 | 14,783 | 2,721 | 4,083 | (1,863) | (2,467) | (1,664) | (1,976) | 10,856 | 14,453 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Securities collateral posted for derivative transactions | 1,400 | 1,900 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Securities collateral received not reflected in balance sheet | 160 | 299 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets transferred from Level 1 to Level 2 | 263 | 356 | 174 | 148 | 731 | 284 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets transferred from Level 2 to Level 1 | $ 0 | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Amounts of transfers of assets measured on a recurring basis out of Level 1 of the fair value hierarchy into Level 2. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity. The fair value of investments not otherwise specified in the taxonomy. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity. The fair value of mortgage loans on real estate, policy loans and collateral, commercial and guaranteed loans. Mortgage loans on real estate and collateral, commercial and guaranteed loans are carried at unpaid principal balances less credit allowances and plus or minus adjustments for the accretion or amortization of discount or premium. Policy loans are carried at unpaid principal amount. There is no allowance for policy loans because these loans serve to reduce the death benefit paid when the death claim is made and the balances are effectively collateralized by the cash surrender value of the policy. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity. The fair value of other investments not otherwise specified in the taxonomy that will be realized in a short period of time, usually less than one year or the normal operating cycle, whichever is longer. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity. The fair value of the liability as of the balance sheet date to the policyholders for deposits held under the terms of insurance contracts. No definition available.
|
| X | ||||||||||
|
- Definition
The value of securities collateral posted for derivative instruments that is reflected in the balance sheet. No definition available.
|
| X | ||||||||||
|
- Definition
The value of securities collateral received that is not reflected in the balance sheet. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element represents the aggregate of the assets reported on the balance sheet at period end measured at fair value on a recurring basis by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of equity securities categorized neither as held-to-maturity nor as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of transfers of assets measured on a recurring basis out of Level 2 of the fair value hierarchy into Level 1. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of financial and nonfinancial obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value portion of other assets. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value portion of other liabilities. No definition available.
|
| X | ||||||||||
|
- Definition
The fair value of the assets held by the Entity for the benefit of separate account policyholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of investments in debt securities classified as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of investments in trading equity securities and other forms of trading securities that provide ownership interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
FAIR VALUE MEASUREMENTS (Details 2) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
Trading Revenue
|
Sep. 30, 2012
Trading Revenue
|
Sep. 30, 2013
Trading Revenue
|
Sep. 30, 2012
Trading Revenue
|
Sep. 30, 2013
Liabilities
|
Sep. 30, 2012
Liabilities
|
Sep. 30, 2013
Liabilities
|
Sep. 30, 2012
Liabilities
|
Sep. 30, 2013
Liabilities
Trading Revenue
|
Sep. 30, 2012
Liabilities
Trading Revenue
|
Sep. 30, 2013
Liabilities
Trading Revenue
|
Sep. 30, 2012
Liabilities
Trading Revenue
|
Sep. 30, 2013
Policyholder contract deposits
|
Sep. 30, 2012
Policyholder contract deposits
|
Sep. 30, 2013
Policyholder contract deposits
|
Sep. 30, 2012
Policyholder contract deposits
|
Sep. 30, 2013
Policyholder contract deposits
Trading Revenue
|
Sep. 30, 2012
Policyholder contract deposits
Trading Revenue
|
Sep. 30, 2013
Policyholder contract deposits
Trading Revenue
|
Sep. 30, 2012
Policyholder contract deposits
Trading Revenue
|
Sep. 30, 2013
Derivative liabilities, net
|
Sep. 30, 2012
Derivative liabilities, net
|
Sep. 30, 2013
Derivative liabilities, net
|
Sep. 30, 2012
Derivative liabilities, net
|
Sep. 30, 2013
Derivative liabilities, net
Trading Revenue
|
Sep. 30, 2012
Derivative liabilities, net
Trading Revenue
|
Sep. 30, 2013
Derivative liabilities, net
Trading Revenue
|
Sep. 30, 2012
Derivative liabilities, net
Trading Revenue
|
Sep. 30, 2013
Interest rate contracts
|
Sep. 30, 2012
Interest rate contracts
|
Sep. 30, 2013
Interest rate contracts
|
Sep. 30, 2012
Interest rate contracts
|
Sep. 30, 2013
Interest rate contracts
Trading Revenue
|
Sep. 30, 2012
Interest rate contracts
Trading Revenue
|
Sep. 30, 2013
Interest rate contracts
Trading Revenue
|
Sep. 30, 2012
Interest rate contracts
Trading Revenue
|
Sep. 30, 2012
Foreign exchange contracts
|
Sep. 30, 2013
Equity contracts
|
Sep. 30, 2012
Equity contracts
|
Sep. 30, 2013
Equity contracts
|
Sep. 30, 2012
Equity contracts
|
Sep. 30, 2013
Equity contracts
Trading Revenue
|
Sep. 30, 2013
Equity contracts
Trading Revenue
|
Sep. 30, 2012
Commodity contracts
|
Sep. 30, 2013
Commodity contracts
|
Sep. 30, 2012
Commodity contracts
|
Jun. 30, 2013
Commodity contracts
|
Sep. 30, 2013
Commodity contracts
Trading Revenue
|
Sep. 30, 2013
Credit contracts
|
Sep. 30, 2012
Credit contracts
|
Sep. 30, 2013
Credit contracts
|
Sep. 30, 2012
Credit contracts
|
Sep. 30, 2013
Credit contracts
Trading Revenue
|
Sep. 30, 2012
Credit contracts
Trading Revenue
|
Sep. 30, 2013
Credit contracts
Trading Revenue
|
Sep. 30, 2012
Credit contracts
Trading Revenue
|
Sep. 30, 2013
Other contracts
|
Sep. 30, 2012
Other contracts
|
Sep. 30, 2013
Other contracts
|
Sep. 30, 2012
Other contracts
|
Sep. 30, 2013
Other contracts
Trading Revenue
|
Sep. 30, 2012
Other contracts
Trading Revenue
|
Sep. 30, 2013
Other contracts
Trading Revenue
|
Sep. 30, 2012
Other contracts
Trading Revenue
|
Sep. 30, 2013
Long-term debt
|
Sep. 30, 2012
Long-term debt
|
Sep. 30, 2013
Long-term debt
|
Sep. 30, 2012
Long-term debt
|
Sep. 30, 2013
Long-term debt
Trading Revenue
|
Sep. 30, 2012
Long-term debt
Trading Revenue
|
Sep. 30, 2013
Long-term debt
Trading Revenue
|
Sep. 30, 2012
Long-term debt
Trading Revenue
|
Sep. 30, 2013
Bonds available for sale
|
Sep. 30, 2012
Bonds available for sale
|
Sep. 30, 2013
Bonds available for sale
|
Sep. 30, 2012
Bonds available for sale
|
Sep. 30, 2013
Bonds available for sale
Obligations of states, municipalities and political subdivisions
|
Sep. 30, 2012
Bonds available for sale
Obligations of states, municipalities and political subdivisions
|
Sep. 30, 2013
Bonds available for sale
Obligations of states, municipalities and political subdivisions
|
Sep. 30, 2012
Bonds available for sale
Obligations of states, municipalities and political subdivisions
|
Sep. 30, 2013
Bonds available for sale
Non-U.S. government
|
Sep. 30, 2012
Bonds available for sale
Non-U.S. government
|
Sep. 30, 2013
Bonds available for sale
Non-U.S. government
|
Sep. 30, 2012
Bonds available for sale
Non-U.S. government
|
Sep. 30, 2013
Bonds available for sale
Corporate debt
|
Sep. 30, 2012
Bonds available for sale
Corporate debt
|
Sep. 30, 2013
Bonds available for sale
Corporate debt
|
Sep. 30, 2012
Bonds available for sale
Corporate debt
|
Sep. 30, 2013
Bonds available for sale
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2012
Bonds available for sale
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2013
Bonds available for sale
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2012
Bonds available for sale
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2013
Bonds available for sale
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2012
Bonds available for sale
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2013
Bonds available for sale
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2012
Bonds available for sale
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2013
Bonds available for sale
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Sep. 30, 2012
Bonds available for sale
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Sep. 30, 2013
Bonds available for sale
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Sep. 30, 2012
Bonds available for sale
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Sep. 30, 2013
Bond trading securities
|
Sep. 30, 2012
Bond trading securities
|
Sep. 30, 2013
Bond trading securities
|
Sep. 30, 2012
Bond trading securities
|
Sep. 30, 2013
Bond trading securities
Trading Revenue
|
Sep. 30, 2012
Bond trading securities
Trading Revenue
|
Sep. 30, 2013
Bond trading securities
Trading Revenue
|
Sep. 30, 2012
Bond trading securities
Trading Revenue
|
Sep. 30, 2012
Bond trading securities
Corporate debt
|
Sep. 30, 2012
Bond trading securities
Corporate debt
|
Sep. 30, 2013
Bond trading securities
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2012
Bond trading securities
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2013
Bond trading securities
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2012
Bond trading securities
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2013
Bond trading securities
Residential mortgage backed securities (RMBS)
Trading Revenue
|
Sep. 30, 2012
Bond trading securities
Residential mortgage backed securities (RMBS)
Trading Revenue
|
Sep. 30, 2013
Bond trading securities
Residential mortgage backed securities (RMBS)
Trading Revenue
|
Sep. 30, 2012
Bond trading securities
Residential mortgage backed securities (RMBS)
Trading Revenue
|
Sep. 30, 2013
Bond trading securities
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2012
Bond trading securities
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2013
Bond trading securities
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2012
Bond trading securities
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2013
Bond trading securities
Commercial mortgage-backed securities (CMBS)
Trading Revenue
|
Sep. 30, 2012
Bond trading securities
Commercial mortgage-backed securities (CMBS)
Trading Revenue
|
Sep. 30, 2013
Bond trading securities
Commercial mortgage-backed securities (CMBS)
Trading Revenue
|
Sep. 30, 2012
Bond trading securities
Commercial mortgage-backed securities (CMBS)
Trading Revenue
|
Sep. 30, 2013
Bond trading securities
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Sep. 30, 2012
Bond trading securities
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Sep. 30, 2013
Bond trading securities
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Sep. 30, 2012
Bond trading securities
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Sep. 30, 2013
Bond trading securities
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Trading Revenue
|
Sep. 30, 2012
Bond trading securities
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Trading Revenue
|
Sep. 30, 2013
Bond trading securities
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Trading Revenue
|
Sep. 30, 2012
Bond trading securities
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Trading Revenue
|
Sep. 30, 2013
Equity securities available for sale
|
Sep. 30, 2012
Equity securities available for sale
|
Sep. 30, 2013
Equity securities available for sale
|
Sep. 30, 2012
Equity securities available for sale
|
Sep. 30, 2013
Equity securities available for sale
Common Stock
|
Sep. 30, 2012
Equity securities available for sale
Common Stock
|
Sep. 30, 2013
Equity securities available for sale
Common Stock
|
Sep. 30, 2012
Equity securities available for sale
Common Stock
|
Sep. 30, 2012
Equity securities available for sale
Preferred Stock
|
Sep. 30, 2013
Equity securities available for sale
Preferred Stock
|
Sep. 30, 2012
Equity securities available for sale
Preferred Stock
|
Jun. 30, 2013
Equity securities available for sale
Preferred Stock
|
Sep. 30, 2013
Other invested assets
|
Sep. 30, 2012
Other invested assets
|
Sep. 30, 2013
Other invested assets
|
Sep. 30, 2012
Other invested assets
|
Sep. 30, 2012
Mortgage and other loans receivable
|
Jun. 30, 2012
Mortgage and other loans receivable
|
Dec. 31, 2011
Mortgage and other loans receivable
|
|
| Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Beginning of Period | $ 44,227 | $ 45,164 | $ 39,353 | $ 38,027 | $ 27,890 | $ 22,537 | $ 24,152 | $ 21,956 | $ 945 | $ 1,013 | $ 1,024 | $ 960 | $ 20 | $ 13 | $ 14 | $ 9 | $ 1,634 | $ 1,306 | $ 1,487 | $ 1,935 | $ 13,694 | $ 10,488 | $ 11,662 | $ 10,877 | $ 5,455 | $ 4,643 | $ 5,124 | $ 3,955 | $ 6,142 | $ 5,074 | $ 4,841 | $ 4,220 | $ 10,574 | $ 15,397 | $ 9,744 | $ 9,296 | $ 3 | $ 7 | $ 782 | $ 290 | $ 396 | $ 303 | $ 820 | $ 457 | $ 812 | $ 554 | $ 8,972 | $ 14,647 | $ 8,536 | $ 8,432 | $ 124 | $ 180 | $ 68 | $ 156 | $ 76 | $ 41 | $ 24 | $ 57 | $ 139 | $ 44 | $ 99 | $ 48 | $ 5,639 | $ 7,049 | $ 5,389 | $ 6,618 | $ 1 | $ 1 | $ 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Realized and Unrealized Gains (Losses) Included in Income | 523 | 949 | 2,103 | 4,050 | 258 | 294 | 795 | 407 | 4 | 16 | 29 | 48 | 1 | 1 | (3) | 10 | (7) | (7) | 216 | 197 | 624 | 322 | 4 | (17) | 15 | (84) | 37 | 87 | 134 | 127 | 290 | 618 | 1,164 | 3,760 | 14 | 40 | 24 | 68 | 33 | (3) | 44 | 46 | 243 | 581 | 1,096 | 3,646 | 15 | 40 | 23 | 15 | 17 | (25) | 22 | 144 | (157) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Comprehensive Income (Loss) | 2 | 1,411 | 216 | 3,103 | (75) | 1,416 | 120 | 2,867 | (28) | (178) | 11 | (1) | 5 | 35 | (9) | 104 | (60) | 1,029 | 279 | 1,832 | 55 | 271 | 75 | 572 | (47) | 82 | (47) | 348 | (1) | (13) | 8 | (48) | (1) | (1) | 4 | (13) | (12) | 4 | (35) | 78 | 8 | 88 | 284 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchases, Sales, Issues and Settlements, Net | 142 | (7,524) | 1,933 | (3,240) | 753 | (494) | 3,468 | 735 | 160 | 102 | 365 | 139 | 1 | 2 | 7 | 94 | 30 | 96 | 127 | (678) | 1,393 | 32 | 102 | 115 | 290 | 618 | 363 | (129) | 1,383 | (150) | (618) | (6,836) | (1,629) | (3,850) | (1) | (5) | (8) | (56) | 130 | (94) | (53) | 1 | (193) | (121) | (557) | (6,780) | (1,566) | (3,630) | (48) | (104) | (1) | (68) | (48) | (1) | (33) | (104) | (35) | 55 | (90) | 95 | (57) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross Transfers in, assets | 777 | 1,333 | 3,122 | 3,538 | 495 | 888 | 1,387 | 2,288 | 25 | 70 | 1 | 5 | 39 | 233 | 371 | 579 | 167 | 566 | 186 | 921 | 1 | 161 | 44 | 289 | 63 | 668 | 669 | 281 | 311 | 1,390 | 347 | 27 | 97 | 265 | 97 | 31 | 157 | 282 | 193 | 223 | 57 | 843 | 57 | 8 | 17 | 6 | 8 | 11 | 1 | 126 | 345 | 886 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross Transfers out, assets | (451) | (808) | (1,507) | (4,953) | (451) | (761) | (1,052) | (4,373) | (27) | (52) | (186) | (124) | (1) | (1) | (1) | (233) | (66) | (430) | (1,095) | (58) | (114) | (58) | (2,496) | (49) | (92) | (133) | (528) | (328) | (565) | (1) | (142) | (64) | (1) | (4) | (114) | (60) | (28) | (1) | (12) | (1) | (12) | (45) | (313) | (504) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance End of Period | 45,220 | 40,525 | 45,220 | 40,525 | 28,870 | 23,880 | 28,870 | 23,880 | 1,054 | 1,104 | 1,054 | 1,104 | 21 | 14 | 21 | 14 | 1,442 | 1,612 | 1,442 | 1,612 | 14,086 | 11,488 | 14,086 | 11,488 | 5,616 | 5,013 | 5,616 | 5,013 | 6,651 | 4,649 | 6,651 | 4,649 | 10,527 | 9,489 | 10,527 | 9,489 | 2 | 2 | 815 | 370 | 815 | 370 | 831 | 612 | 831 | 612 | 8,881 | 8,505 | 8,881 | 8,505 | 75 | 85 | 75 | 85 | 27 | 40 | 27 | 40 | 45 | 48 | 45 | 48 | 5,748 | 7,070 | 5,748 | 7,070 | 1 | 1 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets | 259 | 420 | 394 | 2,698 | 259 | 420 | 394 | 2,698 | 13 | 12 | (27) | 18 | 29 | (19) | (13) | 45 | 217 | 427 | 434 | 2,635 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at the Beginning of the Period | (1,854) | (3,545) | (2,974) | (3,849) | (586) | (1,188) | (1,257) | (918) | (849) | (1,950) | (1,373) | (2,423) | 779 | 761 | 732 | 785 | 2 | 70 | 28 | 47 | 28 | 2 | 1 | 2 | 1 | (1,594) | (2,587) | (1,991) | (3,273) | (105) | (154) | (162) | 33 | (419) | (407) | (344) | (508) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Realized and Unrealized Gains (Losses) Included in Income | 311 | (19) | 1,214 | (418) | 250 | (45) | 865 | (314) | 86 | 53 | 469 | 301 | 6 | (55) | 20 | (9) | 12 | 18 | 49 | 7 | 4 | 4 | 52 | 208 | 365 | 409 | 16 | (122) | 35 | (110) | (25) | (27) | (120) | (405) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accumulated Other Comprehensive Income (loss) | (25) | (78) | (16) | (153) | (72) | (72) | (25) | (6) | (16) | (4) | (25) | (6) | (16) | (4) | (77) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchases, Sales, Issues and Settlements-Net | (943) | 260 | (733) | 741 | (51) | (3) | 5 | (4) | (893) | 202 | (761) | 548 | (912) | 47 | (879) | (23) | (2) | (1) | (4) | (14) | 9 | (3) | (1) | (5) | 36 | 89 | 120 | 574 | (16) | 73 | 13 | (5) | 1 | 61 | 23 | 197 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross Transfers in, liabilities | (17) | (3) | (142) | 17 | (1) | (108) | 1 | 1 | (1) | (1) | 16 | (1) | (107) | (34) | (2) | (34) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross Transfers out, liabilities | (2) | 1 | 420 | (2) | 1 | (2) | 1 | 420 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at the End of the Period | (2,511) | (3,401) | (2,511) | (3,401) | (387) | (1,308) | (387) | (1,308) | (1,681) | (1,686) | (1,681) | (1,686) | (127) | 753 | (127) | 753 | 82 | 43 | 82 | 43 | 1 | 1 | 1 | 1 | (1,506) | (2,290) | (1,506) | (2,290) | (131) | (193) | (131) | (193) | (443) | (407) | (443) | (407) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities | $ 311 | $ 89 | $ 1,350 | $ 311 | $ 218 | $ (100) | $ 825 | $ (325) | $ 112 | $ 214 | $ 566 | $ 859 | $ 3 | $ (7) | $ 33 | $ 12 | $ 10 | $ 40 | $ (1) | $ 91 | $ 238 | $ 486 | $ 876 | $ 8 | $ (17) | $ 8 | $ (29) | $ 19 | $ (25) | $ (41) | $ (223) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of unrealized (holding) gain (loss) which is included in the statement of income (or changes in net assets) related to those assets still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of unrealized (holding) gain (loss) which is included in the statement of income (or changes in net assets) related to those liabilities still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of transfers of financial instrument classified as a liability into level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of transfers of financial instrument classified as a liability out of level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) recognized in the income statement for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) recognized in other comprehensive income (loss) for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of purchases, (sales), issuances and (settlements) of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of transfer of financial instrument classified as an asset into level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) recognized on the income statement for financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) recognized in other comprehensive income (loss) for financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of purchases, (sales), issuances and (settlements) of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) recognized in the income statement for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) recognized on the income statement for financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Net gains or losses for the period (realized and unrealized) related to assets and liabilities transferred into Level 3 at fair value at the end of the reporting period and are therefore not reflected in realized and unrealized gains and losses related to Level 3 for the period. No definition available.
|
| X | ||||||||||
|
- Definition
Net gains or losses for the period (realized and unrealized) related to assets and liabilities transferred out of Level 3 at fair value at the end of the reporting period and are therefore not reflected in realized and unrealized gains and losses related to Level 3 for the period. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of issuances of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of purchases of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of purchases, (sales), issuances and (settlements) of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of sale of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of settlement of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of purchases of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of purchases, (sales), issuances and (settlements) of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of sales of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
FAIR VALUE MEASUREMENTS (Details 5) (Level 3, USD $)
|
9 Months Ended | 12 Months Ended |
|---|---|---|
|
Sep. 30, 2013
|
Dec. 31, 2012
|
|
|
Corporate debt | Discounted cash flow
|
||
| Fair value inputs, assets, quantitative information | ||
| Fair Value | $ 1,082,000,000 | $ 775,000,000 |
|
Corporate debt | Discounted cash flow | Minimum
|
||
| Fair value inputs, assets, quantitative information | ||
| Yield | 4.20% | 0.08% |
|
Corporate debt | Discounted cash flow | Maximum
|
||
| Fair value inputs, assets, quantitative information | ||
| Yield | 10.58% | 6.55% |
|
Corporate debt | Discounted cash flow | Weighted-average
|
||
| Fair value inputs, assets, quantitative information | ||
| Yield | 7.39% | 3.31% |
|
Residential mortgage backed securities | Discounted cash flow
|
||
| Fair value inputs, assets, quantitative information | ||
| Fair Value | 13,752,000,000 | 10,650,000,000 |
|
Residential mortgage backed securities | Discounted cash flow | Minimum
|
||
| Fair value inputs, assets, quantitative information | ||
| Yield | 2.80% | 2.23% |
| Constant prepayment rate | 0.00% | 0.00% |
| Loss severity | 42.05% | 43.70% |
| Constant default rate | 3.91% | 4.21% |
|
Residential mortgage backed securities | Discounted cash flow | Maximum
|
||
| Fair value inputs, assets, quantitative information | ||
| Yield | 7.74% | 9.42% |
| Constant prepayment rate | 9.94% | 10.76% |
| Loss severity | 79.27% | 78.72% |
| Constant default rate | 12.51% | 13.30% |
|
Residential mortgage backed securities | Discounted cash flow | Weighted-average
|
||
| Fair value inputs, assets, quantitative information | ||
| Yield | 5.27% | 5.82% |
| Constant prepayment rate | 4.59% | 5.03% |
| Loss severity | 60.66% | 61.21% |
| Constant default rate | 8.21% | 8.75% |
|
Certain CDO/ABS | Discounted cash flow
|
||
| Fair value inputs, assets, quantitative information | ||
| Fair Value | 5,421,000,000 | 7,844,000,000 |
| Portion of total for which yield is the only input available | 6,600,000,000 | |
|
Certain CDO/ABS | Discounted cash flow | Minimum
|
||
| Fair value inputs, assets, quantitative information | ||
| Yield | 5.40% | 5.41% |
| Constant prepayment rate | 5.30% | 0.00% |
| Loss severity | 43.00% | 0.00% |
| Constant default rate | 3.40% | 0.00% |
|
Certain CDO/ABS | Discounted cash flow | Maximum
|
||
| Fair value inputs, assets, quantitative information | ||
| Yield | 12.00% | 10.67% |
| Constant prepayment rate | 13.10% | 32.25% |
| Loss severity | 64.80% | 29.38% |
| Constant default rate | 15.70% | 4.05% |
|
Certain CDO/ABS | Discounted cash flow | Weighted-average
|
||
| Fair value inputs, assets, quantitative information | ||
| Yield | 9.80% | 8.04% |
| Constant prepayment rate | 9.30% | 11.82% |
| Loss severity | 54.00% | 6.36% |
| Constant default rate | 8.50% | 1.18% |
|
Commercial mortgage backed securities | Discounted cash flow
|
||
| Fair value inputs, assets, quantitative information | ||
| Fair Value | 6,244,000,000 | 3,251,000,000 |
|
Commercial mortgage backed securities | Discounted cash flow | Minimum
|
||
| Fair value inputs, assets, quantitative information | ||
| Yield | 0.00% | 0.00% |
|
Commercial mortgage backed securities | Discounted cash flow | Maximum
|
||
| Fair value inputs, assets, quantitative information | ||
| Yield | 14.10% | 19.95% |
|
Commercial mortgage backed securities | Discounted cash flow | Weighted-average
|
||
| Fair value inputs, assets, quantitative information | ||
| Yield | 5.63% | 7.76% |
|
CDO/ABS - Direct Investment book | Binomial Expansion Technique (BET)
|
||
| Fair value inputs, assets, quantitative information | ||
| Fair Value | $ 559,000,000 | $ 1,205,000,000 |
|
CDO/ABS - Direct Investment book | Binomial Expansion Technique (BET) | Minimum
|
||
| Fair value inputs, assets, quantitative information | ||
| Recovery rates | 5.00% | 3.00% |
| Diversity score | 5 | 4 |
| Weighted average life | 1 year | 1 year 3 months 7 days |
|
CDO/ABS - Direct Investment book | Binomial Expansion Technique (BET) | Maximum
|
||
| Fair value inputs, assets, quantitative information | ||
| Recovery rates | 63.00% | 63.00% |
| Diversity score | 36 | 44 |
| Weighted average life | 9 years 5 months 19 days | 9 years 1 month 10 days |
|
CDO/ABS - Direct Investment book | Binomial Expansion Technique (BET) | Weighted-average
|
||
| Fair value inputs, assets, quantitative information | ||
| Recovery rates | 24.00% | 27.00% |
| Diversity score | 13 | 13 |
| Weighted average life | 4 years 10 months 28 days | 4 years 10 months 28 days |
| X | ||||||||||
|
- Definition
Represents the portion of assets for which the only input available to measure fair value is yield. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the constant default rate, used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the diversity score used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the recovery rate, used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the weighted average life, used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the yield, used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Loss, including interest and principal, incurred on a defaulted security, expressed as a percentage of the original principal balance, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Rate at which loans or a loan portfolio are expected to prepay principal balances, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
FAIR VALUE MEASUREMENTS (Details 6) (Level 3, USD $)
In Millions, unless otherwise specified |
9 Months Ended | 12 Months Ended |
|---|---|---|
|
Sep. 30, 2013
|
Dec. 31, 2012
|
|
|
Policyholder contract deposits - GMWB
|
||
| Significant unobservable inputs used for recurring fair value measurements | ||
| Fair value | $ 387 | $ 1,257 |
|
Policyholder contract deposits - GMWB | Discounted cash flow | Minimum
|
||
| Significant unobservable inputs used for recurring fair value measurements | ||
| Equity implied volatility | 6.00% | 6.00% |
| Base lapse rates | 1.00% | 1.00% |
| Dynamic lapse rates | 0.20% | 0.20% |
| Mortality rates | 0.50% | 0.50% |
| Utilization rates | 0.50% | 0.50% |
|
Policyholder contract deposits - GMWB | Discounted cash flow | Maximum
|
||
| Significant unobservable inputs used for recurring fair value measurements | ||
| Equity implied volatility | 39.00% | 39.00% |
| Base lapse rates | 40.00% | 40.00% |
| Dynamic lapse rates | 60.00% | 60.00% |
| Mortality rates | 40.00% | 40.00% |
| Utilization rates | 25.00% | 25.00% |
|
Derivative Liabilities - Credit contracts
|
||
| Significant unobservable inputs used for recurring fair value measurements | ||
| Fair value | $ 1,123 | $ 1,436 |
|
Derivative Liabilities - Credit contracts | BET | Minimum
|
||
| Significant unobservable inputs used for recurring fair value measurements | ||
| Recovery rates | 5.00% | 3.00% |
| Diversity score | 9 | 9 |
| Weighted average life | 4 years 8 months 5 days | 5 years 1 month 6 days |
|
Derivative Liabilities - Credit contracts | BET | Maximum
|
||
| Significant unobservable inputs used for recurring fair value measurements | ||
| Recovery rates | 34.00% | 37.00% |
| Diversity score | 36 | 38 |
| Weighted average life | 9 years 5 months 19 days | 8 years 5 months 12 days |
|
Derivative Liabilities - Credit contracts | BET | Weighted-average
|
||
| Significant unobservable inputs used for recurring fair value measurements | ||
| Recovery rates | 17.00% | 17.00% |
| Diversity score | 13 | 14 |
| Weighted average life | 5 years 9 months 4 days | 5 years 9 months |
| X | ||||||||||
|
- Definition
Represents the constant base lapse rates, used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the diversity score used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the constant dynamic lapse rates, used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the constant implied volatility, used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the constant mortality rates, used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the recovery rate, used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the constant utilization rates, used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the weighted average life, used as an input to measure fair value. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Fair value of financial and nonfinancial obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Represents states the notice requirement (for example, 30 to 60 days) the entity is required to deliver before it can redeem its investment, or portion thereof, for each of those certain investments for which net asset value per share is calculated (including by unit, membership interest, or other equity (ownership interest) unit measure) (alternative investments), by major category. No definition available.
|
| X | ||||||||||
|
- Definition
Average original expected period the underlying assets are expected to be liquidated by the investees for investments for which net asset value per share is calculated. No definition available.
|
| X | ||||||||||
|
- Definition
The number of years representing the first threshold of the expected remaining lives of less than three years of investments. No definition available.
|
| X | ||||||||||
|
- Definition
The number of years representing the third threshold of the expected remaining lives between seven and ten years of investments. No definition available.
|
| X | ||||||||||
|
- Definition
The number of years representing the second threshold of the expected remaining lives between three and seven years of investments. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the percentage of investment subject to annual redemption. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the percentage of investment subject to monthly redemption. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the percentage of investment subject to quarterly redemption. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the percentage of investment subject to semi-annual redemption. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value of investments in certain entities that calculate net asset value per share, including, but not limited to, by unit, membership interest, or other ownership interest. Investments include, but are not limited to, investments in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
States the notice requirement (for example, 30 to 60 days) the entity is required to deliver before it can redeem its investment, or portion thereof, for each of those certain investments for which net asset value per share is calculated (including by unit, membership interest, or other equity (ownership interest) unit measure) (alternative investments), by major category. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The percentage of the total value of investments that cannot be redeemed because of a redemption restriction as of the statement of financial position date. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of unfunded commitments for which the entity is obligated, to those certain investments for which net asset value per share is calculated (including by unit, membership interest, or other equity (ownership interest) unit measure) (alternative investments). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk of liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Minimum period for past due mortgage or other loans receivable for which the fair value option is elected. No definition available.
|
| X | ||||||||||
|
- Definition
Includes the outstanding principal amount of mortgage loans on real estate, policy loans and collateral, commercial and guaranteed loans. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This item represents the difference between the aggregate fair value and the aggregate unpaid principal balance of loans and long-term receivables (other than securities categorized as trading, available-for-sale or held-to-maturity) that have contractual principal amounts and for which the fair value option has been elected. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the difference between the aggregate fair value and the aggregate unpaid principal balance of long-term debt instruments that have contractual principal amounts and for which the fair value option has been elected. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the aggregate fair value of loans held as assets that are 90 days or more past due for which the fair value option has been elected. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the aggregate fair value of loans held as assets that are in nonaccrual status for which the fair value option has been elected, if the entity's policy is to recognize interest income separately from other changes in fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value portion of an agreement for an unconditional promise by the maker to pay the holder a definite sum of money at a future date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
FAIR VALUE MEASUREMENTS (Details 10) (Fair value on a non-recurring basis, USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
Alternative investments
|
Sep. 30, 2012
Alternative investments
|
Sep. 30, 2013
Alternative investments
|
Sep. 30, 2012
Alternative investments
|
Sep. 30, 2013
Other assets
|
Sep. 30, 2013
Other assets
|
Sep. 30, 2012
Other assets
|
Sep. 30, 2013
Level 2
|
Dec. 31, 2012
Level 2
|
Sep. 30, 2013
Level 2
Other assets
|
Dec. 31, 2012
Level 2
Other assets
|
Sep. 30, 2013
Level 3
|
Dec. 31, 2012
Level 3
|
Sep. 30, 2013
Level 3
Alternative investments
|
Dec. 31, 2012
Level 3
Alternative investments
|
Sep. 30, 2013
Level 3
Other assets
|
Dec. 31, 2012
Level 3
Other assets
|
Sep. 30, 2013
Total Fair Value
|
Dec. 31, 2012
Total Fair Value
|
Sep. 30, 2013
Total Fair Value
Alternative investments
|
Dec. 31, 2012
Total Fair Value
Alternative investments
|
Sep. 30, 2013
Total Fair Value
Other assets
|
Dec. 31, 2012
Total Fair Value
Other assets
|
|
| FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS | |||||||||||||||||||||||||||
| Assets at Fair Value, Non-Recurring Basis | $ 10 | $ 3 | $ 10 | $ 3 | $ 1,829 | $ 2,080 | $ 1,798 | $ 2,062 | $ 31 | $ 18 | $ 1,839 | $ 2,083 | $ 1,798 | $ 2,062 | $ 41 | $ 21 | |||||||||||
| Impairment Charges | $ 68 | $ 97 | $ 251 | $ 282 | $ 66 | $ 97 | $ 225 | $ 273 | $ 2 | $ 26 | $ 9 | ||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the aggregate of the assets reported on the balance sheet at period end measured at fair value on a nonrecurring basis by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. No definition available.
|
| X | ||||||||||
|
- Definition
Other investments excluding aircraft asset investments held by subsidiaries. No definition available.
|
| X | ||||||||||
|
- Definition
The liability to the policyholders for deposits associated with investment-type insurance contracts. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Excludes loans and leases covered under loss sharing agreements and loans held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Other investments not otherwise specified in the taxonomy that will be realized in a short period of time, usually less than one year or the normal operating cycle, whichever is longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of accumulated unrealized gain before deducting unrealized loss on investments in available-for-sale securities impacting investments. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of accumulated unrealized loss before deducting unrealized gain on investments in available-for-sale securities impacting investments. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of Available-for-sale Securities that are below investment grade or not rated. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount before tax of increase (decrease) in accumulated in equity from transactions and other events and circumstances from non-owner sources. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners (distributions to owners). No definition available.
|
| X | ||||||||||
|
- Definition
Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of accumulated unrealized loss on securities classified as available-for-sale securities that have been in a loss position for twelve months or longer impacting investments. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of accumulated unrealized loss on securities classified as available-for-sale securities, impacting investments. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of accumulated unrealized loss on securities classified as available-for-sale securities that have been in a loss position for less than twelve months impacting investments. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This item represents the aggregate fair value of investments in debt and equity securities in an unrealized loss position which are categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the aggregate fair value of investments in debt and equity securities categorized neither as held-to-maturity nor trading securities that have been in a continuous unrealized loss position for less than twelve months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the aggregate fair value of investments in debt and equity securities categorized neither as held-to-maturity nor trading securities that have been in a continuous unrealized loss position for twelve months or longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of investment positions in available-for-sale investments in a continuous unrealized loss position for which an other-than-temporary impairment (OTTI) has not been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of investment positions in available-for-sale investments that have been in a continuous unrealized loss position for greater than or equal to a year for which an other-than-temporary impairment (OTTI) has not been recognized in the income statement. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, maturing in the next rolling twelve months following the latest balance sheet presented. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value maturing in the next rolling twelve months following the latest balance sheet presented. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, maturing after the tenth rolling twelve months following the latest balance sheet presented. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value maturing after the tenth rolling twelve months following the latest balance sheet presented. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, maturing in the sixth rolling twelve months through the tenth rolling twelve months following the latest balance sheet presented. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value maturing in the sixth rolling twelve months through the tenth rolling twelve months following the latest balance sheet presented. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, maturing in the second rolling twelve months through the fifth rolling twelve months following the latest balance sheet presented. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value maturing in the second rolling twelve months through the fifth rolling twelve months following the latest balance sheet presented. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, that do not have a single maturity date and which the entity has decided to disclose separately rather than allocating the cost over several maturity groupings. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value that do not have a single maturity date and which the entity has decided to disclose separately rather than allocating the fair value over several maturity groupings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
INVESTMENTS (Details 4) (USD $)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Available for Sale Securities Disclosures | ||||
| Gross Realized Gains | $ 534,000,000 | $ 981,000,000 | $ 2,317,000,000 | $ 2,811,000,000 |
| Gross Realized Losses | 32,000,000 | 104,000,000 | 168,000,000 | 147,000,000 |
| Aggregate fair value of available for sale securities sold | 8,400,000,000 | 8,800,000,000 | 27,700,000,000 | 30,300,000,000 |
| Net realized capital gains (losses) | 500,000,000 | 900,000,000 | 2,100,000,000 | 2,700,000,000 |
|
Fixed maturity securities
|
||||
| Available for Sale Securities Disclosures | ||||
| Gross Realized Gains | 516,000,000 | 943,000,000 | 2,216,000,000 | 2,308,000,000 |
| Gross Realized Losses | 26,000,000 | 82,000,000 | 153,000,000 | 121,000,000 |
|
Equity securities available for sale
|
||||
| Available for Sale Securities Disclosures | ||||
| Gross Realized Gains | 18,000,000 | 38,000,000 | 101,000,000 | 503,000,000 |
| Gross Realized Losses | $ 6,000,000 | $ 22,000,000 | $ 15,000,000 | $ 26,000,000 |
| X | ||||||||||
|
- Definition
This element represents the aggregate fair value of Available-for-sale securities sold during the reporting period. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents the difference between the gross realized gains and losses realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Additionally, this item would include any losses recognized for other than temporary impairments (OTTI) of the subject investments in debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the gross profit realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the gross loss realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
INVESTMENTS (Details 5) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
|
Dec. 31, 2012
|
|---|---|---|
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | $ 23,691 | $ 25,246 |
| Trading Securities, Percent of Total | 100.00% | 100.00% |
|
U.S. Government agency backed ABS
|
||
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | 1,000 | |
|
Fixed maturity securities
|
||
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | 22,884 | 24,584 |
| Trading Securities, Percent of Total | 97.00% | 98.00% |
|
Fixed maturity securities | U.S. government and government sponsored entities
|
||
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | 5,867 | 6,794 |
| Trading Securities, Percent of Total | 25.00% | 27.00% |
|
Fixed maturity securities | Obligations of states, territories and political subdivisions
|
||
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | 181 | |
| Trading Securities, Percent of Total | 1.00% | |
|
Fixed maturity securities | Non-U.S. government
|
||
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | 2 | 2 |
|
Fixed maturity securities | Corporate debt
|
||
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | 1,147 | 1,320 |
| Trading Securities, Percent of Total | 5.00% | 5.00% |
|
Fixed maturity securities | Mortgage-backed, asset-backed and collateralized
|
||
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | 15,680 | 16,460 |
| Trading Securities, Percent of Total | 66.00% | 66.00% |
|
Fixed maturity securities | Residential mortgage-backed securities (RMBS)
|
||
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | 2,178 | 1,727 |
| Trading Securities, Percent of Total | 9.00% | 7.00% |
|
Fixed maturity securities | Commercial mortgage-backed securities (CMBS)
|
||
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | 1,454 | 2,227 |
| Trading Securities, Percent of Total | 6.00% | 9.00% |
|
Fixed maturity securities | Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS)
|
||
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | 12,048 | 12,506 |
| Trading Securities, Percent of Total | 51.00% | 50.00% |
|
Fixed maturity securities | Other
|
||
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | 7 | 8 |
|
Equity securities
|
||
| TRADING SECURITIES | ||
| Trading Securities, Fair Value | $ 807 | $ 662 |
| Trading Securities, Percent of Total | 3.00% | 2.00% |
| X | ||||||||||
|
- Definition
Represents the percentage of the total fair value of trading securities. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of investments in debt and equity securities and other forms of securities that provide ownership interests classified as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, before investment expense, of income (loss) earned from investments. Includes unrealized and realized gains (losses). No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of expenses related to the generation of investment income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
INVESTMENTS (Details 7) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Other-than-temporary impairments: | ||||
| Severity | $ (1) | $ (5) | $ (15) | |
| Change in intent | (1) | (5) | (4) | (27) |
| Foreign currency declines | (1) | (7) | ||
| Issuer-specific credit events | (55) | (107) | (200) | (895) |
| Adverse projected cash flows | (7) | (4) | ||
| Provision for loan losses | (33) | 51 | (38) | 77 |
| Foreign exchange transactions | (276) | (54) | 135 | (101) |
| Derivative instruments | 192 | (203) | 209 | (862) |
| Other | (77) | 89 | (96) | (36) |
| Total net realized capital gains (losses) | 252 | 646 | 2,143 | 794 |
|
Fixed maturity securities
|
||||
| Components of net realized capital gains (losses) | ||||
| Sale of fixed maturity securities | 490 | 861 | 2,063 | 2,187 |
|
Equity securities
|
||||
| Components of net realized capital gains (losses) | ||||
| Sale of fixed maturity securities | $ 12 | $ 16 | $ 86 | $ 477 |
| X | ||||||||||
|
- Definition
Represents other investment charges not specified in the taxonomy. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Represents the other than temporary impairments due to change in intent. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the other than temporary impairments due to change in adverse projected cash flows. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the other than temporary impairments due to foreign currency declines. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the other than temporary impairments due to issuer-specific credit events. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the other than temporary impairments due to severity. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the net realized gains or (losses) on investments, including available for sale and trading securities, real estate investments, loans, and derivative instruments. Also includes other-than temporary impairment charges, the provision for loan losses, foreign currency transactions and other charges related to the valuation of these investments in the period. No definition available.
|
| X | ||||||||||
|
- Definition
Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the total realized gain (loss) included in earnings for the period as a result of selling marketable securities categorized as trading, available-for-sale, or held-to-maturity. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of expense related to loss from loan transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
INVESTMENTS (Details 8) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Available for Sale Securities Disclosures | ||||
| Increase (decrease) in unrealized appreciation of investments | $ (1,457) | $ 5,155 | $ (12,734) | $ 9,946 |
|
Fixed maturities
|
||||
| Available for Sale Securities Disclosures | ||||
| Increase (decrease) in unrealized appreciation of investments | (1,696) | 5,000 | (12,971) | 10,013 |
|
Equity securities
|
||||
| Available for Sale Securities Disclosures | ||||
| Increase (decrease) in unrealized appreciation of investments | 189 | 131 | 180 | (459) |
|
Other investments
|
||||
| Available for Sale Securities Disclosures | ||||
| Increase (decrease) in unrealized appreciation of investments | $ 50 | $ 24 | $ 57 | $ 392 |
| X | ||||||||||
|
- Definition
This item represents the pretax change in net unrealized holding gain (loss) on available-for-sale securities that has been included in accumulated other comprehensive income, a separate component of shareholders' equity, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
INVESTMENTS (Details 9) (Fixed maturity securities, USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
|
Fixed maturity securities
|
||||
| Other Than Temporary Impairment Credit Losses Recognized in Earnings | ||||
| Balance, beginning of period | $ 4,236 | $ 6,090 | $ 5,164 | $ 6,504 |
| Increases due to: | ||||
| Credit impairments on new securities subject to impairment losses | 6 | 33 | 172 | |
| Additional credit impairments on previously impaired securities | 29 | 45 | 59 | 421 |
| Reductions due to: | ||||
| Credit impaired securities fully disposed for which there was no prior intent or requirement to sell | (68) | (297) | (626) | (815) |
| Credit impaired securities for which there is a current intent or anticipated requirement to sell | (5) | (5) | ||
| Accretion on securities previously impaired due to credit | (184) | (215) | (611) | (668) |
| Other | (3) | 6 | ||
| Balance, end of period | $ 4,019 | $ 5,615 | $ 4,019 | $ 5,615 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This item represents an increase or (decrease) to the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security for other reasons not otherwise specified in the taxonomy. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents an increase to the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security held for which a previous OTTI was recognized and the investor does not intend to sell the debt security and it is not more likely than not that the investor will be required to sell the debt security before recovery of its amortized cost basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents an increase to the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security held for which no such other than temporary impairment (OTTI) was previously recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cumulative amount of credit losses recognized in earnings related to debt securities held for which a portion of an other than temporary impairment (OTTI) was recognized in other comprehensive income (a component of shareholders' equity). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents reductions in the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security held due to increases in cash flows expected to be collected and recognized over the remaining life of the security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents reductions in the amount of cumulative losses recognized in earnings for other than temporary impairments (OTTI) for which a portion of the impairment had been recognized in other comprehensive income (a component of shareholders' equity) due to a change in status of the impaired security because of a change in the entity's intent to either sell the impaired security or it has become more likely than not that the entity will be required to sell the security before recovery of its cost basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents reductions in the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security because of the sale of impaired securities during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Change in the estimate of cash flows expected to be collected, which results in an increase or decrease in accretable yield, due to effect of changes in interest rate indices. This relates to a loan accounted for as an available-for-sale debt security, with evidence of deterioration of credit quality since origination that was acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. No definition available.
|
| X | ||||||||||
|
- Definition
The change in the estimate of cash flows expected to be collected, which results in an increase or decrease in accretable yield. This relates to a loan accounted for as an available-for-sale debt security, with evidence of deterioration of credit quality since origination that was acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. No definition available.
|
| X | ||||||||||
|
- Definition
The recorded investment of the securities at the acquisition date. This relates to securities accounted for as available-for-sale debt securities, with evidence of deterioration of credit quality since origination that were acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. No definition available.
|
| X | ||||||||||
|
- Definition
This represents the outstanding principal of securities outstanding at the reporting date. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents the cost of debt securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate excess of a loan's cash flows expected to be collected over the investor's initial investment in the loan. This relates to loans accounted for as available-for-sale debt securities, with evidence of deterioration of credit quality since origination that were acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Current period recognition of the accretion of the excess of a loan's cash flows expected to be collected over the investor's initial investment in the loan. This element relates to loans accounted for as available-for-sale debt securities, with evidence of deterioration of credit quality since origination that were acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Increases in the aggregate excess of a loan's cash flows expected to be collected over the investor's initial investment in the loan. This relates to loans accounted for as available-for-sale debt securities, with evidence of deterioration of credit quality since origination that were acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sale or transfer of a loan during the period resulting in a reduction in the excess of a loan's cash flows expected to be collected over the investor's initial investment. This relates to a loan accounted for as an available-for-sale debt security, with evidence of deterioration of credit quality since origination that was acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash flows expected to be collected at acquisition of acquired loans accounted for as available-for-sale debt securities with evidence of deterioration of credit quality. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of contractually required payments receivable at acquisition of acquired loans accounted for as available-for-sale debt securities with evidence of deterioration of credit quality. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
INVESTMENTS (Details 11) (USD $)
|
9 Months Ended | 12 Months Ended |
|---|---|---|
|
Sep. 30, 2013
|
Dec. 31, 2012
|
|
| Pledged investments | ||
| Fair value of securities pledged | $ 10,222,000,000 | $ 11,039,000,000 |
| Fair value of amount repledged | 60,000,000 | 33,000,000 |
| Total carrying values of cash and securities deposited under requirements of regulatory authorities or other insurance-related arrangements | 7,200,000,000 | 8,900,000,000 |
|
FHLBs
|
||
| Pledged investments | ||
| Fair value of available for sale securities | 76,000,000 | 341,000,000 |
| Amount owned by subsidiaries | 61,000,000 | 84,000,000 |
|
Secured financing
|
||
| Pledged investments | ||
| Fair value of available for sale securities | 4,064,000,000 | 8,180,000,000 |
| Fair value of trading securities | 2,881,000,000 | 2,985,000,000 |
|
GIAs
|
||
| Pledged investments | ||
| Fair value of trading securities | $ 4,400,000,000 | $ 4,400,000,000 |
| X | ||||||||||
|
- Definition
Represents the amount of collateral posted by the entity for the securities sold under the agreements to be repledged by the counterparties. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. The amount of securities that an institution sells and agrees to repurchase (seller-borrower) at a specified date for a specified price, net of any reductions or offsets. Most repurchase agreements involve obligations of the federal government or its agencies, but other financial instruments, such as commercial paper, banker's acceptances, and negotiable certificates of deposit (CDs), are sometimes used in repurchase agreements. A repurchase agreement is similar to the seller-borrower's borrowing funds equal to the sales price of the related securities with the securities as collateral. Maturities of such agreements are flexible and generally vary from one day to 270 days. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Carrying amount of cash and investment securities on deposit with state regulatory authorities in connection with capital requirements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The fair value of available-for-sale securities that serve as collateral for borrowings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of interest-bearing funds deposited into another Federal Home Loan Banks (FHLBanks). No definition available.
|
| X | ||||||||||
|
- Definition
The fair value of trading securities that serve as collateral for borrowings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
LENDING ACTIVITIES (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Dec. 31, 2011
|
Sep. 30, 2013
Commercial mortgages
|
Dec. 31, 2012
Commercial mortgages
|
Sep. 30, 2012
Commercial mortgages
|
Dec. 31, 2011
Commercial mortgages
|
Sep. 30, 2013
Commercial mortgages
California
|
Dec. 31, 2012
Commercial mortgages
California
|
Sep. 30, 2013
Commercial mortgages
New York
|
Dec. 31, 2012
Commercial mortgages
New York
|
Sep. 30, 2013
Life insurance policy loans
|
Dec. 31, 2012
Life insurance policy loans
|
Sep. 30, 2013
Commercial loans, other loans and notes receivable
|
Dec. 31, 2012
Commercial loans, other loans and notes receivable
|
|
| Composition of Mortgages and other loans receivable | ||||||||||||||||
| Total mortgage and other loans receivable | $ 20,105 | $ 19,887 | $ 14,741 | $ 13,788 | $ 2,844 | $ 2,952 | $ 2,520 | $ 3,147 | ||||||||
| Allowance for losses | (398) | (405) | (488) | (740) | (203) | (159) | (193) | (305) | ||||||||
| Mortgage and other loans receivable, net | $ 19,707 | $ 19,482 | ||||||||||||||
| Percentage of mortgage loans in geographic area | 18.00% | 22.00% | 17.00% | 15.00% |
| X | ||||||||||
|
- Definition
Includes gross mortgage loans on real estate, policy loans and commercial loans. Such amount may include an accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Excludes loans and leases covered under loss sharing agreements and loans held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
LENDING ACTIVITIES (Details 2) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Dec. 31, 2011
|
Sep. 30, 2013
Apartments
|
Sep. 30, 2013
Offices
|
Sep. 30, 2013
Retail
|
Sep. 30, 2013
Industrial
|
Sep. 30, 2013
Hotel
|
Sep. 30, 2013
Others
|
Sep. 30, 2013
Commercial mortgages
loan
|
|
| Credit quality indicators for commercial mortgage loans | |||||||||||
| Number of loans in good standing | 974 | ||||||||||
| Number of loans restructured | 9 | ||||||||||
| Number of loans greater than 90 days delinquent or in process of foreclosure | 9 | ||||||||||
| Number of Loans | 992 | ||||||||||
| In good standing | $ 2,313 | $ 4,605 | $ 2,920 | $ 1,583 | $ 1,339 | $ 1,570 | $ 14,330 | ||||
| Restructured | 54 | 207 | 7 | 88 | 356 | ||||||
| Greater than 90 days delinquent or in process of foreclosure | 55 | 55 | |||||||||
| Mortgage and other loans receivable, net | 19,707 | 19,482 | 2,367 | 4,867 | 2,927 | 1,583 | 1,339 | 1,658 | 14,741 | ||
| Valuation allowance | $ 398 | $ 405 | $ 488 | $ 740 | $ 10 | $ 109 | $ 8 | $ 20 | $ 3 | $ 53 | $ 203 |
| Percentage of loans that are current as to payments of principal and interest | 97.00% | ||||||||||
| Percentage restructured | 3.00% | ||||||||||
| Percentage Total | 100.00% | ||||||||||
| Percentage of loans with valuation allowance | 1.00% | ||||||||||
| Percentage of current commercial mortgages held | 99.00% | ||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Represents the percentage of current commercial mortgages held at respective dates. No definition available.
|
| X | ||||||||||
|
- Definition
Indicates the number of financing receivables under each classification. No definition available.
|
| X | ||||||||||
|
- Definition
Indicates the number of financing receivables under each classification. No definition available.
|
| X | ||||||||||
|
- Definition
Indicates the number of greater than 90 days past due financing receivables or in the process of foreclosure under each classification. No definition available.
|
| X | ||||||||||
|
- Definition
Indicates the number of restructured financing receivables under each classification. No definition available.
|
| X | ||||||||||
|
- Definition
The percentage of financing receivables that are current. No definition available.
|
| X | ||||||||||
|
- Definition
Financing receivables that are restructured, which may involve extending the maturity of a loan or otherwise changing the interest rate or other terms of a loan. No definition available.
|
| X | ||||||||||
|
- Definition
Financing receivables that are greater than 90 days past due or in the process of foreclosure. No definition available.
|
| X | ||||||||||
|
- Definition
The percentage of total financing receivables. No definition available.
|
| X | ||||||||||
|
- Definition
The percentage of financing receivables that are restructured. No definition available.
|
| X | ||||||||||
|
- Definition
The percentage of financing receivables that have a valuation allowance established. No definition available.
|
| X | ||||||||||
|
- Definition
Financing receivables that are current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Excludes loans and leases covered under loss sharing agreements and loans held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reflects the amount added to reserve for credit losses pursuant to discontinued operations. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of other addition (reduction) in allowance reserve for credit loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of loans and leases that have been written off from both loan receivables and allowance reserve for credit loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, after recoveries, of loans and leases that have been written-off. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of recovery of loans and lease receivables which had previously been fully or partially written-off as bad debts. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of valuation allowance for financing receivables that are expected to be uncollectible that were individually evaluated for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The balance of financing receivables that were individually evaluated for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of the outstanding recorded investment related to financing receivables that have been modified by troubled debt restructurings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of expense related to estimated loss from loan and lease transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
VARIABLE INTEREST ENTITIES (Details) (USD $)
|
Sep. 30, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Assets: | ||
| Available for sale securities | $ 263,279,000,000 | $ 273,171,000,000 |
| Trading securities | 22,884,000,000 | 24,584,000,000 |
| Mortgage and other loans receivable | 19,707,000,000 | 19,482,000,000 |
| Other invested assets | 29,168,000,000 | 29,117,000,000 |
| Total assets of unconsolidated VIEs as well as maximum exposure to loss | ||
| Other invested assets | 29,168,000,000 | 29,117,000,000 |
|
Real estate and investment funds
|
||
| Liabilities: | ||
| Off-balance sheet exposure | 50,800,000 | 48,700,000 |
|
Consolidated VIE
|
||
| Assets: | ||
| Available for sale securities | 11,111,000,000 | 2,944,000,000 |
| Trading securities | 862,000,000 | 1,011,000,000 |
| Mortgage and other loans receivable | 301,000,000 | 398,000,000 |
| Other invested assets | 3,854,000,000 | 4,375,000,000 |
| Other assets | 1,454,000,000 | 3,007,000,000 |
| Total assets | 17,582,000,000 | 11,735,000,000 |
| Liabilities: | ||
| Long-term debt | 704,000,000 | 748,000,000 |
| Other liabilities | 444,000,000 | 1,175,000,000 |
| Total liabilities | 1,148,000,000 | 1,923,000,000 |
| Total assets of unconsolidated VIEs as well as maximum exposure to loss | ||
| Other invested assets | 3,854,000,000 | 4,375,000,000 |
|
Consolidated VIE | Real estate and investment funds
|
||
| Assets: | ||
| Available for sale securities | 198,000,000 | |
| Trading securities | 15,000,000 | |
| Other invested assets | 924,000,000 | 1,122,000,000 |
| Other assets | 65,000,000 | 59,000,000 |
| Total assets | 989,000,000 | 1,394,000,000 |
| Liabilities: | ||
| Long-term debt | 74,000,000 | 157,000,000 |
| Other liabilities | 47,000,000 | 20,000,000 |
| Total liabilities | 121,000,000 | 177,000,000 |
| Total assets of unconsolidated VIEs as well as maximum exposure to loss | ||
| Other invested assets | 924,000,000 | 1,122,000,000 |
|
Consolidated VIE | Securitization vehicles
|
||
| Assets: | ||
| Available for sale securities | 11,111,000,000 | 2,422,000,000 |
| Total assets | 11,111,000,000 | 2,422,000,000 |
| Liabilities: | ||
| Long-term debt | 151,000,000 | 25,000,000 |
| Total liabilities | 151,000,000 | 25,000,000 |
| Investment-grade debt securities | 12,200,000,000 | 3,600,000,000 |
|
Consolidated VIE | Structured investment vehicle
|
||
| Assets: | ||
| Trading securities | 745,000,000 | 792,000,000 |
| Other assets | 646,000,000 | 902,000,000 |
| Total assets | 1,391,000,000 | 1,694,000,000 |
| Liabilities: | ||
| Long-term debt | 87,000,000 | 9,000,000 |
| Other liabilities | 61,000,000 | 43,000,000 |
| Total liabilities | 148,000,000 | 52,000,000 |
|
Consolidated VIE | Affordable housing partnerships
|
||
| Assets: | ||
| Other invested assets | 2,068,000,000 | 2,230,000,000 |
| Other assets | 36,000,000 | 33,000,000 |
| Total assets | 2,104,000,000 | 2,263,000,000 |
| Liabilities: | ||
| Long-term debt | 194,000,000 | 133,000,000 |
| Other liabilities | 79,000,000 | 68,000,000 |
| Total liabilities | 273,000,000 | 201,000,000 |
| Total assets of unconsolidated VIEs as well as maximum exposure to loss | ||
| Other invested assets | 2,068,000,000 | 2,230,000,000 |
|
Consolidated VIE | Other
|
||
| Assets: | ||
| Available for sale securities | 324,000,000 | |
| Trading securities | 117,000,000 | 204,000,000 |
| Mortgage and other loans receivable | 301,000,000 | 398,000,000 |
| Other invested assets | 862,000,000 | 1,023,000,000 |
| Other assets | 707,000,000 | 2,013,000,000 |
| Total assets | 1,987,000,000 | 3,962,000,000 |
| Liabilities: | ||
| Long-term debt | 198,000,000 | 424,000,000 |
| Other liabilities | 257,000,000 | 1,044,000,000 |
| Total liabilities | 455,000,000 | 1,468,000,000 |
| Total assets of unconsolidated VIEs as well as maximum exposure to loss | ||
| Other invested assets | 862,000,000 | 1,023,000,000 |
|
Unconsolidated VIE
|
||
| Assets: | ||
| Other invested assets | 2,800,000,000 | 2,500,000,000 |
| Total assets of unconsolidated VIEs as well as maximum exposure to loss | ||
| Total VIE Assets | 21,742,000,000 | 18,178,000,000 |
| Maximum Exposure to Loss, On-Balance Sheet | 2,842,000,000 | 2,458,000,000 |
| Maximum Exposure to Loss, Off-Balance Sheet | 280,000,000 | 169,000,000 |
| Total maximum exposure to loss | 3,122,000,000 | 2,627,000,000 |
| Other invested assets | 2,800,000,000 | 2,500,000,000 |
|
Unconsolidated VIE | Real estate and investment funds
|
||
| Total assets of unconsolidated VIEs as well as maximum exposure to loss | ||
| Total VIE Assets | 20,087,000,000 | 16,662,000,000 |
| Maximum Exposure to Loss, On-Balance Sheet | 2,203,000,000 | 1,881,000,000 |
| Maximum Exposure to Loss, Off-Balance Sheet | 193,000,000 | 169,000,000 |
| Total maximum exposure to loss | 2,396,000,000 | 2,050,000,000 |
|
Unconsolidated VIE | Affordable housing partnerships
|
||
| Total assets of unconsolidated VIEs as well as maximum exposure to loss | ||
| Total VIE Assets | 474,000,000 | 498,000,000 |
| Maximum Exposure to Loss, On-Balance Sheet | 473,000,000 | 498,000,000 |
| Total maximum exposure to loss | 473,000,000 | 498,000,000 |
|
Unconsolidated VIE | Other
|
||
| Total assets of unconsolidated VIEs as well as maximum exposure to loss | ||
| Total VIE Assets | 1,181,000,000 | 1,018,000,000 |
| Maximum Exposure to Loss, On-Balance Sheet | 166,000,000 | 79,000,000 |
| Maximum Exposure to Loss, Off-Balance Sheet | 87,000,000 | |
| Total maximum exposure to loss | $ 253,000,000 | $ 79,000,000 |
| X | ||||||||||
|
- Definition
The reporting entity's amount of exposure to loss not recorded on the balance sheet. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the amount of investments in debt securities. No definition available.
|
| X | ||||||||||
|
- Definition
The sum of the carrying amounts of other asset accounts recorded in the balance sheet but not itemized separately in the taxonomy. No definition available.
|
| X | ||||||||||
|
- Definition
The sum of the carrying amounts of other liability accounts recorded in the balance sheet but not itemized separately in the taxonomy. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The reporting entity's maximum amount of exposure to loss related to commitments and guarantees provided to the Variable Interest Entity (VIE), not recorded on the balance sheet. No definition available.
|
| X | ||||||||||
|
- Definition
The reporting entity's maximum amount of exposure to loss as a result of its purchased and retained interests in the Variable Interest Entity (VIE), recorded on the balance sheet. No definition available.
|
| X | ||||||||||
|
- Definition
Size of the Variable Interest Entity, measured by total assets. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Excludes loans and leases covered under loss sharing agreements and loans held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Other investments not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of investments in debt securities classified as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amount of the consolidated Variable Interest Entity's assets included in the reporting entity's statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amount of the consolidated Variable Interest Entity's liabilities included in the reporting entity's statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The reporting entity's maximum amount of exposure to loss as a result of its involvement with the Variable Interest Entity (VIE). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Nominal or face amount used to calculate payments on the derivative asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Nominal or face amount used to calculate payments on the derivative liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The fair value as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments including embedded derivatives, net of the effects of master netting arrangements. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of collateral obtained from third parties related to derivative transactions. No definition available.
|
| X | ||||||||||
|
- Definition
The fair value as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments including embedded derivatives, net of the effects of master netting arrangements. No definition available.
|
| X | ||||||||||
|
- Definition
The aggregate fair value of assets that are already posted, at the end of the reporting period, as collateral for derivative instruments with credit-risk-related contingent features. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of obligation to return cash collateral under master netting arrangements offset against derivative assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of liability associated with financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Nominal or face amount used to calculate payments on the derivative asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Fair value before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of right to receive cash collateral under master netting arrangements offset against derivative liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of asset associated with financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Nominal or face amount used to calculate payments on the derivative liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Fair value as of the balance sheet date of the embedded derivative or group of embedded derivatives classified as an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value as of the balance sheet date of the embedded derivative or group of embedded derivatives classified as a liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Represents the amortization of the gain (loss) amortized on the discontinuation of hedge accounting. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of the increase (decrease) in fair value of the hedged item in a fair value hedge recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Net Increase or Decrease in the fair value of the embedded derivative or group of embedded derivatives included in earnings in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net gain (loss) relating to components of the gain (loss) on the fair value hedging instrument excluded from the assessment of fair value hedge effectiveness. Recognized in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Current period adjustment resulting from gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity, gross of tax effect. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
DERIVATIVES AND HEDGE ACCOUNTING (Details 4) (USD $)
|
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Dec. 31, 2012
|
|
| Credit derivatives: | |||||
| Obligation to make payments on embedded credit derivatives | $ 0 | $ 0 | |||
| Fair value of hybrid securities | 6,400,000,000 | 6,400,000,000 | |||
| Current par value of hybrid securities | 13,700,000,000 | 13,700,000,000 | |||
|
Credit Risk-Related Contingent Features
|
|||||
| Credit derivatives: | |||||
| Collateral posted | 3,400,000,000 | 3,400,000,000 | |||
| Aggregate fair value of net liability position | 2,900,000,000 | 2,900,000,000 | |||
| Additional collateral requirements, one-notch downgrade | 69,000,000 | 69,000,000 | |||
| Further additional collateral requirements, one-notch downgrade | 140,000,000 | 140,000,000 | |||
|
Global Capital Markets (GCM) derivatives
|
|||||
| Credit derivatives: | |||||
| Credit derivative transactions hedging credit risk | 68,000,000 | 68,000,000 | |||
|
Global Capital Markets (GCM) derivatives | Super Senior CDS
|
|||||
| Credit derivatives: | |||||
| Notional amount of credit risk derivatives | 15,237,000,000 | 15,237,000,000 | 15,873,000,000 | ||
| Amortization | 745,000,000 | ||||
| Terminations | 67,000,000 | ||||
| Foreign exchange rate movement | 176,000,000 | ||||
| Fair Value of Derivative (Asset) Liability | 1,494,000,000 | 1,494,000,000 | 1,970,000,000 | ||
| Unrealized market valuation gain (loss) on credit derivatives | 54,000,000 | 204,000,000 | 356,000,000 | 401,000,000 | |
| Unrealized gains (losses) on derivatives from change in credit valuation | (2,000,000) | (12,000,000) | (3,000,000) | (36,000,000) | |
|
Global Capital Markets (GCM) derivatives | Super Senior CDS | Regulatory Capital
|
|||||
| Credit derivatives: | |||||
| Notional amount of credit risk derivatives | 2,000,000 | 2,000,000 | 97,000,000 | ||
| Unrealized market valuation gain (loss) on credit derivatives | 6,000,000 | 9,000,000 | |||
|
Global Capital Markets (GCM) derivatives | Super Senior CDS | Regulatory Capital | Prime residential mortgages
|
|||||
| Credit derivatives: | |||||
| Notional amount of credit risk derivatives | 2,000,000 | 2,000,000 | 97,000,000 | ||
|
Global Capital Markets (GCM) derivatives | Super Senior CDS | Regulatory Capital | Prime residential mortgages | Maximum
|
|||||
| Credit derivatives: | |||||
| Derivative weighted average maturity | 1 year | ||||
|
Global Capital Markets (GCM) derivatives | Super Senior CDS | Regulatory Capital | Other
|
|||||
| Credit derivatives: | |||||
| Unrealized market valuation gain (loss) on credit derivatives | 6,000,000 | 9,000,000 | |||
|
Global Capital Markets (GCM) derivatives | Super Senior CDS | Arbitrage
|
|||||
| Credit derivatives: | |||||
| Notional amount of credit risk derivatives | 15,235,000,000 | 15,235,000,000 | 15,776,000,000 | ||
| Fair Value of Derivative (Asset) Liability | 1,494,000,000 | 1,494,000,000 | 1,970,000,000 | ||
| Unrealized market valuation gain (loss) on credit derivatives | 54,000,000 | 184,000,000 | 356,000,000 | 389,000,000 | |
|
Global Capital Markets (GCM) derivatives | Super Senior CDS | Arbitrage | Multi-sector CDOs
|
|||||
| Credit derivatives: | |||||
| Notional amount of credit risk derivatives | 3,399,000,000 | 3,399,000,000 | 3,944,000,000 | ||
| Fair Value of Derivative (Asset) Liability | 1,460,000,000 | 1,460,000,000 | 1,910,000,000 | ||
| Unrealized market valuation gain (loss) on credit derivatives | 49,000,000 | 142,000,000 | 330,000,000 | 336,000,000 | |
| Additional amount paid for CDS terminated during period | 120,000,000 | ||||
| Notional amount of CDS with cash settlement provisions | 3,000,000,000 | 3,000,000,000 | 3,400,000,000 | ||
| Collateral posted | 1,200,000,000 | 1,200,000,000 | 1,600,000,000 | ||
| Derivative weighted average maturity | 6 years | ||||
|
Global Capital Markets (GCM) derivatives | Super Senior CDS | Arbitrage | Corporate debt/CLOs
|
|||||
| Credit derivatives: | |||||
| Notional amount of credit risk derivatives | 11,836,000,000 | 11,836,000,000 | 11,832,000,000 | ||
| Fair Value of Derivative (Asset) Liability | 34,000,000 | 34,000,000 | 60,000,000 | ||
| Unrealized market valuation gain (loss) on credit derivatives | 5,000,000 | 42,000,000 | 26,000,000 | 53,000,000 | |
| Collateral posted | 394,000,000 | 394,000,000 | 420,000,000 | ||
| Notional amount of CDS written on super senior tranches of CLOs | 1,100,000,000 | 1,100,000,000 | 1,200,000,000 | ||
| Derivative weighted average maturity | 2 years | ||||
|
Global Capital Markets (GCM) derivatives | Super Senior CDS | Mezzanine Tranches
|
|||||
| Credit derivatives: | |||||
| Unrealized market valuation gain (loss) on credit derivatives | 14,000,000 | 3,000,000 | |||
|
Global Capital Markets (GCM) derivatives | Written single name CDS
|
|||||
| Credit derivatives: | |||||
| Notional amount of credit risk derivatives | 399,000,000 | 399,000,000 | |||
| Collateral posted | 52,000,000 | 52,000,000 | |||
| Derivative weighted average maturity | 3 years | ||||
| Notional amount of CDS purchased offsets | 51,000,000 | 51,000,000 | |||
| Notional amount of single name CDS maximum exposure | 348,000,000 | 348,000,000 | |||
| Fair value of derivative liability | $ 39,000,000 | $ 39,000,000 | |||
| X | ||||||||||
|
- Definition
The additional amount paid for credit default swaps terminated by the entity during the reporting period. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of further additional assets that would be required to be posted as collateral for derivative instruments with credit-risk-related contingent features that would be triggered by a one notch downgrade to the entity's credit rating. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of additional assets that would be required to be posted as collateral for derivative instruments with credit-risk-related contingent features that would be triggered by a one notch downgrade to the entity's credit rating. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the amortization of credit risk derivatives. No definition available.
|
| X | ||||||||||
|
- Definition
The net unhedged position which represents the maximum exposure to loss. No definition available.
|
| X | ||||||||||
|
- Definition
Represents an increase (decrease) in the entity's credit spreads on the valuation of derivative liabilities. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the foreign exchange rate gains (losses) on credit risk derivatives. No definition available.
|
| X | ||||||||||
|
- Definition
Par value as of the balance sheet date of hybrid instruments. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the obligation to make payments on the embedded credit derivatives in the related hybrid instruments. No definition available.
|
| X | ||||||||||
|
- Definition
The net notional amount of credit default swaps purchased as offsets as of the balance sheet date. No definition available.
|
| X | ||||||||||
|
- Definition
The net notional amount of credit default swaps written with cash settlement provisions as of the balance sheet date. No definition available.
|
| X | ||||||||||
|
- Definition
The net notional amount of credit default swaps written on the super senior tranches of collateralized loan obligations as of the balance sheet date. No definition available.
|
| X | ||||||||||
|
- Definition
The value of securities collateral posted for derivative instruments that is reflected in the balance sheet. No definition available.
|
| X | ||||||||||
|
- Definition
Represents terminations of credit risk derivatives. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Fair value of credit risk derivative liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of the hedged item as of the balance sheet date related to the derivative. For example, the hedged balance on a debt instrument. No definition available.
|
| X | ||||||||||
|
- Definition
Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Average remaining period until maturity of the derivative contract, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
| X | ||||||||||
|
- Definition
The aggregate fair value amounts of derivative instruments that contain credit-risk-related contingent features that are in a net liability position at the end of the reporting period. For nonderivative instruments that are designated and qualify as hedging instruments, the fair value amounts are the carrying value of the nonderivative hedging instrument, including the adjustment for the foreign currency transaction gain (loss) on that instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value as of the balance sheet date of hybrid instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details) (USD $)
In Millions, unless otherwise specified |
0 Months Ended | 1 Months Ended | 9 Months Ended | 18 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 3 Months Ended | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jun. 30, 2013
AIGFP
|
Nov. 29, 2012
Chartis U.S.
item
|
Apr. 08, 2013
UGC
|
Sep. 16, 2013
Consolidated 2008 Securities Litigation
item
|
Sep. 30, 2013
Consolidated 2008 Securities Litigation
|
May 17, 2013
Consolidated 2008 Securities Litigation
item
|
Mar. 20, 2009
Consolidated 2008 Securities Litigation
complaint
|
Nov. 25, 2008
ERISA Litigation II
complaint
|
Sep. 30, 2013
Canadian Securities Class Action claim
|
Mar. 11, 2013
Starr International Litigation
class
|
Sep. 30, 2013
Starr International Litigation
|
Aug. 26, 2013
Brookfield litigation related to AIGFP
|
Sep. 30, 2013
Fitzpatrick matter
item
|
Feb. 25, 2010
False Claims Act complaint
individual
|
Sep. 30, 2013
False Claims Act complaint
multiple
|
Sep. 30, 2013
Caremark
complaint
|
Sep. 30, 2012
Use of SSDMF
|
|
| LITIGATION, INVESTIGATIONS AND REGULATORY MATTERS | |||||||||||||||||
| Number of purported class action complaints | 8 | 8 | 2 | ||||||||||||||
| Number of similar actions | 4 | 5 | |||||||||||||||
| Number of foreign funds that are plaintiffs in similar actions | 12 | 8 | |||||||||||||||
| Notice period for purported class action complaints consolidated | 30 days | ||||||||||||||||
| Number of funds that are plaintiffs in similar actions | 25 | ||||||||||||||||
| Damages claimed | $ 500 | $ 3,200 | |||||||||||||||
| Punitive damages claimed | 50 | ||||||||||||||||
| Percentage of ownership in AIG received by Department of the Treasury | 80.00% | ||||||||||||||||
| Damages claimed, amount currently due | 274 | ||||||||||||||||
| Number of buildings sold | 8 | ||||||||||||||||
| Number of buildings sold but not owned by the entity | 1 | ||||||||||||||||
| Range of loss, maximum | 274 | ||||||||||||||||
| Number of individuals (Relators) seeking to assert claims | 2 | ||||||||||||||||
| Damages sought, multiple of damages sustained | 3 | ||||||||||||||||
| Number of purported classes | 2 | ||||||||||||||||
| Amount agreed to the consensual termination of the swap agreement | 905 | ||||||||||||||||
| Payments for regulatory assessment | 11 | ||||||||||||||||
| Carrying value of swap agreement | 900 | ||||||||||||||||
| Settlement agreement, number of jurisdictions | 50 | ||||||||||||||||
| Civil penalty paid | $ 50.0 | $ 4.5 | |||||||||||||||
| X | ||||||||||
|
- Definition
Represents the approximate percentage of equity ownership of the entity which the Department of the Treasury has received in return for the assistance provided to the entity by the government. No definition available.
|
| X | ||||||||||
|
- Definition
The value (monetary amount) of the damages claimed as currently due. No definition available.
|
| X | ||||||||||
|
- Definition
The multiple of damages sustained which the complaint seeks. No definition available.
|
| X | ||||||||||
|
- Definition
The number of separate purported classes in the class action complaint. No definition available.
|
| X | ||||||||||
|
- Definition
The number of foreign funds and investment entities that are plaintiffs in similar actions which have not been consolidated in this litigation. No definition available.
|
| X | ||||||||||
|
- Definition
The number of funds that are plaintiffs in similar actions, which have not been consolidated in this litigation. No definition available.
|
| X | ||||||||||
|
- Definition
The number of similar securities actions which have not been consolidated in this litigation. No definition available.
|
| X | ||||||||||
|
- Definition
The value (monetary amount) of the award the plaintiff seeks for punitive damages in the legal matter. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the notice period from any party in connection with the stay of the discovery phase of the litigation proceedings. No definition available.
|
| X | ||||||||||
|
- Definition
The number of purported class action complaints consolidated in named litigation. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the amount of civil penalty paid by entity as per the consent order passed under the multi-state examination of certain accident and health products, including travel products. No definition available.
|
| X | ||||||||||
|
- Definition
The number of jurisdictions which agreed to the settlement agreement. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the number of buildings sold by the entity. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the number of buildings sold but not owned by the entity. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the payments made for regulatory assessment to the various state insurance departments to defray costs of their examinations and monitoring. No definition available.
|
| X | ||||||||||
|
- Definition
Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of judgment or settlement awarded to (against) the entity in respect of litigation. No definition available.
|
| X | ||||||||||
|
- Definition
The value (monetary amount) of the award the plaintiff seeks in the legal matter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Number of plaintiffs that have filed claims pertaining to a loss contingency. No definition available.
|
| X | ||||||||||
|
- Definition
The estimated maximum amount of possible loss from the contingency. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details 2) (USD $)
In Billions, unless otherwise specified |
9 Months Ended |
|---|---|
|
Sep. 30, 2013
engine
aircraft
|
|
| Other Commitments | |
| Other Commitments | $ 2.5 |
|
International Lease Finance Corporation (ILFC) | Flight Equipment
|
|
| HELD-FOR-SALE CLASSIFICATION | |
| Number of used aircraft | 2 |
| Number of new spare engines deliverable | 9 |
|
International Lease Finance Corporation (ILFC) | New Aircraft
|
|
| HELD-FOR-SALE CLASSIFICATION | |
| Purchase commitment, number of aircraft purchased | 338 |
| Aggregate estimated total remaining payments | $ 21.8 |
| Number of purchased aircraft subject to sale-leaseback agreements | 10 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The remaining amount that the entity is obligated to pay under the long-term purchase commitment. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the number of units included in the minimum quantity required which will be obtained through sales-leaseback agreements. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the number of new spare engines deliverable. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the number of used aircraft. No definition available.
|
| X | ||||||||||
|
- Definition
The amount the entity has committed to invest in limited partnerships, private equities, hedge funds and mutual funds, and to purchase and develop real estate in the U.S. and abroad. No definition available.
|
| X | ||||||||||
|
- Definition
Number of units of goods that must be purchased within the specified time period of the agreement to avoid penalties or unfavorable effects on pricing, among other adverse consequences. No definition available.
|
| X | ||||||||||
|
- Details
|
|
CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details 3) (USD $)
In Millions, unless otherwise specified |
9 Months Ended |
|---|---|
|
Sep. 30, 2013
|
|
|
ALICO
|
|
| Guarantees | |
| Payments made or placed in escrow accounts at end of period | $ 20 |
|
Other Operations | AIG Financial Products
|
|
| Guarantees | |
| Amount outstanding under standby letters of credit at end of period | 306 |
|
Indemnifications | ALICO
|
|
| Guarantees | |
| Various deductible amounts under indemnifications | 0 |
|
Tax indemnification | ALICO
|
|
| Guarantees | |
| Maximum amount exposed under guarantee | 200 |
| Aggregate deductible amount under guarantee | $ 50 |
| X | ||||||||||
|
- Definition
The aggregate amount of the deductible for a guarantee obligation. No definition available.
|
| X | ||||||||||
|
- Definition
The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of loss pertaining to the specified contingency that was charged against earnings in the period, including the effects of revisions in previously reported estimates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
EQUITY (Details) (USD $)
|
0 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|---|---|---|
|
Sep. 26, 2013
|
Aug. 01, 2013
|
Sep. 30, 2013
|
Sep. 30, 2013
|
Oct. 31, 2013
Subsequent event
|
Sep. 30, 2013
Common Stock Issued
|
Sep. 30, 2013
Treasury Stock
|
|
| The following table presents a roll forward of outstanding shares: | |||||||
| Shares, beginning of year | (430,289,745) | (430,289,745) | |||||
| Shares, beginning of year | 1,906,611,680 | 1,906,611,680 | |||||
| Shares, beginning of year | 1,476,321,935 | ||||||
| Shares issued | 45,733 | 21,749 | 23,984 | ||||
| Shares repurchased | (4,000,000) | (4,023,946) | (4,023,946) | ||||
| Shares, end of period | (434,289,707) | (434,289,707) | (434,289,707) | ||||
| Shares, end of period | 1,906,633,429 | 1,906,633,429 | 1,906,633,429 | ||||
| Shares, end of period | 1,472,343,722 | 1,472,343,722 | |||||
| Dividend paid (in dollars per share) | $ 0.10 | ||||||
| Cash dividend declared on common stock (in dollars per share) | $ 0.10 | $ 0.10 | $ 0.10 | ||||
| Common stock authorized to be repurchased | $ 1,000,000,000 | ||||||
| Aggregate purchase price of repurchased shares | $ 192,000,000 | $ 192,000,000 | |||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Aggregate dividends paid during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount remaining of a stock repurchase plan authorized by an entity's Board of Directors. No definition available.
|
| X | ||||||||||
|
- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Gross appreciation or the gross loss in value of the total of unsold available-for-sale securities, excluding reclassifications of unrealized gains or losses on available for sale securities for future policy benefits included in deferred acquisition costs. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the amount recorded in other comprehensive income due to the adjustment in deferred acquisition costs and other adjustments. No definition available.
|
| X | ||||||||||
|
- Definition
Before tax amount, net of reclassification adjustments, of the change in the value of the plan assets resulting from a change in actuarial assumptions. No definition available.
|
| X | ||||||||||
|
- Definition
Before tax amount, net of reclassification adjustments, of the change in prior service costs. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the amount recorded in other comprehensive income due to the unrealized appreciation of investments of future policyholder benefit reserves, partially offset in deferred acquisition costs and related reduction in deferred acquisition costs. No definition available.
|
| X | ||||||||||
|
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments, of (appreciation) loss in value of unsold available-for-sale securities, attributable to noncontrolling interest. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments of (gain) loss on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax, after reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit), after reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax, after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit), after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of other comprehensive (income) loss attributable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax (expense) benefit, after reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit) allocated to other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of other than temporary impairment (OTTI) loss on investments in available-for-sale and held-to-maturity debt securities, recognized in other comprehensive loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of other than temporary impairment (OTTI) loss on investments in available-for-sale and held-to-maturity debt securities, recognized in other comprehensive loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit) for other than temporary impairment loss (OTTI) on investments in available-for-sale and held-to-maturity debt securities, recognized in other comprehensive loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Before tax amount of the income statement impact of the reclassification adjustment for unrealized (losses) realized upon the write-down and sale of available-for-sale securities. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the amount of pre-tax reclassification adjustment arising during period included in net income. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the amount of pre-tax unrealized change arising during period. No definition available.
|
| X | ||||||||||
|
- Definition
Before tax and reclassification adjustments amount of unrealized appreciation (depreciation) of debt instruments on which other-than-temporary impairments were taken. No definition available.
|
| X | ||||||||||
|
- Definition
Before tax amount of the income statement impact of the reclassification adjustment for unrealized (losses) realized upon the write-down and sale of fixed maturity investments with other than temporary impairments. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount before tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax and reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities and unrealized holding gain (loss) related to transfers of securities into the available-for-sale classification and out of the held-to-maturity classification. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax, after reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit), after reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax, after reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax, after reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit), after reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax, after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit), after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount before tax and reclassification adjustments of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax, after reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax (expense) benefit, after reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax of reclassification adjustment from accumulated other comprehensive income (loss) for net transition asset (obligation) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit) allocated to other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of other than temporary impairment (OTTI) loss on investments in available-for-sale and held-to-maturity debt securities, recognized in other comprehensive loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of other than temporary impairment (OTTI) loss on investments in available-for-sale and held-to-maturity debt securities, recognized in other comprehensive loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit) for other than temporary impairment loss (OTTI) on investments in available-for-sale and held-to-maturity debt securities, recognized in other comprehensive loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the net realized and unrealized gains (losses), excluding impairment losses on available-for-sale securities, included in net income for the period as the result of selling or holding invested assets. This item includes the net gain or loss realized from the sale, exchange, redemption or retirement of securities and the unrealized holding gain or loss for certain invested assets. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of expense related to deferred policy acquisition costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive income (loss) for actuarial gain (loss) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount after tax of reclassification adjustments of other comprehensive income (loss). No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Represents the increase (decrease) in the carrying value of noncontrolling interests due to repayment of credit facilities to credit facility lender. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the other increase (decrease) in noncontrolling interests. No definition available.
|
| X | ||||||||||
|
- Definition
Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of (increase) decrease in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Decrease in noncontrolling interest (for example, but not limited to, redeeming or purchasing the interests of noncontrolling shareholders, issuance of shares (interests) by the non-wholly owned subsidiary to the parent entity for other than cash, and a buyback of shares (interest) by the non-wholly owned subsidiary from the noncontrolling interests). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of the reduction or elimination during the period of a noncontrolling interest resulting from the parent's loss of control and deconsolidation of the entity in which one or more outside parties had a noncontrolling interest. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of increase in noncontrolling interest from sale of a portion of the parent's controlling interest. No definition available.
|
| X | ||||||||||
|
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of investments, not including unrealized gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, held at each balance sheet date and included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of net income (loss) for the period allocated to noncontrolling interests, other. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of net income (loss) for the period allocated to noncontrolling, nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of New York and the Department of the Treasury. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the income or loss from continuing operations after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). No definition available.
|
| X | ||||||||||
|
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from continuing operations attributable to the noncontrolling interest. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of gains or losses recognized in net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of the prior service cost or credit recognized in net periodic benefit cost relating to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of other defined benefit plan costs. No definition available.
|
| X | ||||||||||
|
- Definition
The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of employer's best estimate of contributions expected to be paid to the plan in the current remaining fiscal period. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of the cost recognized during the period for defined contribution plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Represents the portion of the difference between total income tax expense or benefit as reported in the Income Statement and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from other comprehensive income attributable to changes in the valuation allowance for deferred tax assets in the period. No definition available.
|
| X | ||||||||||
|
- Definition
The total amount of unrecognized tax benefits that if recognized, would not affect the effective tax rate. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of the change in the period in the valuation allowance for a specified deferred tax asset related to foreign jurisdictions. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of the change in the period in the valuation allowance for a specified deferred tax asset related to state, local and foreign jurisdictions. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
A statement that a range of reasonably possible change cannot be made for a tax position taken for which it is reasonably possible that the total amount of unrecognized tax benefit will significantly increase or decrease within 12 months of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of expense for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of the change in the period in the valuation allowance for a specified deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details) (USD $)
|
Sep. 30, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Dec. 31, 2011
|
|---|---|---|---|---|
| Assets: | ||||
| Short-term investments | $ 22,457,000,000 | $ 28,808,000,000 | ||
| Other investments | 335,845,000,000 | 347,016,000,000 | ||
| Total investments | 358,302,000,000 | 375,824,000,000 | ||
| Cash | 2,058,000,000 | 1,151,000,000 | 1,608,000,000 | 1,474,000,000 |
| Other assets, including deferred income taxes | 150,264,000,000 | 139,693,000,000 | ||
| Assets held for sale | 30,120,000,000 | 31,965,000,000 | ||
| Total assets | 540,744,000,000 | 548,633,000,000 | ||
| Liabilities: | ||||
| Insurance liabilities | 273,501,000,000 | 280,298,000,000 | ||
| Other long-term debt | 42,231,000,000 | 48,500,000,000 | ||
| Other liabilities, including intercompany balances | 100,049,000,000 | 93,466,000,000 | ||
| Liabilities held for sale | 25,448,000,000 | 27,366,000,000 | ||
| Total liabilities | 441,229,000,000 | 449,630,000,000 | ||
| Redeemable noncontrolling interests (see Note 12) | 66,000,000 | 334,000,000 | ||
| Total AIG shareholders' equity | 98,793,000,000 | 98,002,000,000 | ||
| Non-redeemable noncontrolling interests | 656,000,000 | 667,000,000 | ||
| Total equity | 99,449,000,000 | 98,669,000,000 | ||
| Total liabilities and equity | 540,744,000,000 | 548,633,000,000 | ||
|
AIG (As Guarantor)
|
||||
| Assets: | ||||
| Short-term investments | 12,612,000,000 | 14,764,000,000 | ||
| Other investments | 7,361,000,000 | 3,902,000,000 | ||
| Total investments | 19,973,000,000 | 18,666,000,000 | ||
| Cash | 62,000,000 | 81,000,000 | 125,000,000 | 176,000,000 |
| Loans to subsidiaries | 31,376,000,000 | 35,064,000,000 | ||
| Investment in consolidated subsidiaries | 68,252,000,000 | 70,781,000,000 | ||
| Other assets, including deferred income taxes | 26,342,000,000 | 23,153,000,000 | ||
| Total assets | 146,005,000,000 | 147,745,000,000 | ||
| Liabilities: | ||||
| Other long-term debt | 31,393,000,000 | 36,366,000,000 | ||
| Other liabilities, including intercompany balances | 14,908,000,000 | 12,375,000,000 | ||
| Loans from subsidiaries | 911,000,000 | 1,002,000,000 | ||
| Total liabilities | 47,212,000,000 | 49,743,000,000 | ||
| Total AIG shareholders' equity | 98,793,000,000 | 98,002,000,000 | ||
| Total equity | 98,793,000,000 | 98,002,000,000 | ||
| Total liabilities and equity | 146,005,000,000 | 147,745,000,000 | ||
| Intercompany tax payable | 8,600,000,000 | 6,100,000,000 | ||
| Intercompany derivative liabilities | 353,000,000 | 602,000,000 | ||
|
AIGLH
|
||||
| Assets: | ||||
| Cash | 5,000,000 | 73,000,000 | 13,000,000 | |
| Investment in consolidated subsidiaries | 39,624,000,000 | 43,891,000,000 | ||
| Other assets, including deferred income taxes | 97,000,000 | 150,000,000 | ||
| Total assets | 39,726,000,000 | 44,114,000,000 | ||
| Liabilities: | ||||
| Other long-term debt | 1,352,000,000 | 1,638,000,000 | ||
| Other liabilities, including intercompany balances | 114,000,000 | 261,000,000 | ||
| Loans from subsidiaries | 268,000,000 | 472,000,000 | ||
| Total liabilities | 1,734,000,000 | 2,371,000,000 | ||
| Total AIG shareholders' equity | 37,992,000,000 | 41,743,000,000 | ||
| Total equity | 37,992,000,000 | 41,743,000,000 | ||
| Total liabilities and equity | 39,726,000,000 | 44,114,000,000 | ||
| Intercompany tax receivable | 82,000,000 | 120,000,000 | ||
|
Other Subsidiaries
|
||||
| Assets: | ||||
| Short-term investments | 11,741,000,000 | 18,323,000,000 | ||
| Other investments | 328,484,000,000 | 345,706,000,000 | ||
| Total investments | 340,225,000,000 | 364,029,000,000 | ||
| Cash | 1,991,000,000 | 997,000,000 | ||
| Loans to subsidiaries | 955,000,000 | 5,169,000,000 | ||
| Investment in consolidated subsidiaries | (28,239,000,000) | |||
| Other assets, including deferred income taxes | 124,712,000,000 | 121,345,000,000 | ||
| Assets held for sale | 30,120,000,000 | 31,965,000,000 | ||
| Total assets | 498,003,000,000 | 495,266,000,000 | ||
| Liabilities: | ||||
| Insurance liabilities | 273,501,000,000 | 280,533,000,000 | ||
| Other long-term debt | 9,486,000,000 | 10,197,000,000 | ||
| Other liabilities, including intercompany balances | 87,732,000,000 | 89,976,000,000 | ||
| Loans from subsidiaries | 31,334,000,000 | 41,754,000,000 | ||
| Liabilities held for sale | 25,448,000,000 | 27,366,000,000 | ||
| Total liabilities | 427,501,000,000 | 449,826,000,000 | ||
| Redeemable noncontrolling interests (see Note 12) | 66,000,000 | 192,000,000 | ||
| Total AIG shareholders' equity | 69,780,000,000 | 44,955,000,000 | ||
| Non-redeemable noncontrolling interests | 656,000,000 | 293,000,000 | ||
| Total equity | 70,436,000,000 | 45,248,000,000 | ||
| Total liabilities and equity | 498,003,000,000 | 495,266,000,000 | ||
|
Reclassifications and Eliminations
|
||||
| Assets: | ||||
| Short-term investments | (1,896,000,000) | (4,279,000,000) | ||
| Other investments | (2,592,000,000) | |||
| Total investments | (1,896,000,000) | (6,871,000,000) | ||
| Loans to subsidiaries | (32,331,000,000) | (40,233,000,000) | ||
| Investment in consolidated subsidiaries | (107,876,000,000) | (86,433,000,000) | ||
| Other assets, including deferred income taxes | (887,000,000) | (4,955,000,000) | ||
| Total assets | (142,990,000,000) | (138,492,000,000) | ||
| Liabilities: | ||||
| Insurance liabilities | (235,000,000) | |||
| Other long-term debt | 299,000,000 | |||
| Other liabilities, including intercompany balances | (2,705,000,000) | (9,146,000,000) | ||
| Loans from subsidiaries | (32,513,000,000) | (43,228,000,000) | ||
| Total liabilities | (35,218,000,000) | (52,310,000,000) | ||
| Redeemable noncontrolling interests (see Note 12) | 142,000,000 | |||
| Total AIG shareholders' equity | (107,772,000,000) | (86,698,000,000) | ||
| Non-redeemable noncontrolling interests | 374,000,000 | |||
| Total equity | (107,772,000,000) | (86,324,000,000) | ||
| Total liabilities and equity | $ (142,990,000,000) | $ (138,492,000,000) |
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of the unpaid sum of known and estimated amounts payable to satisfy all intercompany tax obligations due. This amount is the total of current and noncurrent accrued income taxes. No definition available.
|
| X | ||||||||||
|
- Definition
The total of current income tax assets (including refunds of overpayments) deferred tax assets (representing the aggregate of all timing differences arising from the difference in deductibility according to income tax and generally accepted accounting principles) and other assets not elsewhere specified in this statement. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date related to intercompany derivative liabilities. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of income taxes previously overpaid to tax authorities which are related to intercompany tax obligations. No definition available.
|
| X | ||||||||||
|
- Definition
Other investments on the condensed balance sheet not otherwise specified in the taxonomy. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of liabilities not otherwise listed in this statement, including intercompany balances. No definition available.
|
| X | ||||||||||
|
- Definition
Long-Term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. This does not include advances to clients. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Represents the sum of the carrying value of all the Assets Held-for-Sale at the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of obligations due all related parties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Liability (such as a mortgage) related to a disposal group that is held for sale and anticipated to be sold in less than one year. The liability is expected to be discharged as part of the plan of sale for the asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of policy reserves (provided for future obligations including unpaid claims and claims adjustment expenses) and policy benefits (liability for future policy benefits) as of the balance sheet date; grouped amount of all the liabilities associated with the company's insurance policies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Including both current and noncurrent portions, carrying amount as of the balance sheet date of other forms of debt not elsewhere specified in the taxonomy with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other investments not otherwise specified in the taxonomy that will be realized in a short period of time, usually less than one year or the normal operating cycle, whichever is longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
As of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the change in the fair value of the entity's equity interest in Maiden Lane III LLC (ML III). No definition available.
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| X | ||||||||||
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- Definition
Income or loss from continuing operations before income taxes and minority interest, but includes income (loss) from equity method investments. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of net income (loss) for the period allocated to noncontrolling interests, other. No definition available.
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| X | ||||||||||
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- Definition
Amount of net income (loss) for the period allocated to noncontrolling, nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of New York and the Department of the Treasury. No definition available.
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| X | ||||||||||
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- Definition
This element represents a sum total of expenses not separately reflected on the consolidating income statement for the period. No definition available.
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| X | ||||||||||
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- Definition
Revenues including interest income recognized by the entity during the period. No definition available.
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| X | ||||||||||
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- Definition
The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of income (loss) from continuing operations attributable to the noncontrolling interest. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before tax of income (loss) of subsidiary attributable to the parent entity. No definition available.
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount after tax of (increase) decrease in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
|
| X | ||||||||||
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- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Securities received in lieu of cash as return of capital and dividends from subsidiaries. No definition available.
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| X | ||||||||||
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- Definition
The noncash issuance of equity interests in exchange for debt forgiveness. No definition available.
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| X | ||||||||||
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- Definition
The net capital contributions made by the entity. No definition available.
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| X | ||||||||||
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- Definition
The amount of cash paid during the period to related party entities, net of any cash received during the period as refunds for overpayment of taxes. No definition available.
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| X | ||||||||||
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- Definition
The cash flows associated with short-term investments, which consist of interest-bearing cash equivalents, time deposits, and investments with original maturities within one year from the date of purchase, such as commercial paper. No definition available.
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| X | ||||||||||
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- Definition
Represents the details pertaining to the return of capital and dividend received in the form of cancellation of intercompany loans. No definition available.
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| X | ||||||||||
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- Definition
The amount of cash paid during the period for interest owed on intercompany loans. It includes amounts of interest capitalized. No definition available.
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| X | ||||||||||
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- Definition
The net cash outflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. No definition available.
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| X | ||||||||||
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- Definition
The net cash outflow (inflow) from other financing activities not specified in the statement. No definition available.
|
| X | ||||||||||
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- Definition
Proceeds from (payments for) long-term loans for affiliates classified as a financing activity. No definition available.
|
| X | ||||||||||
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- Definition
Unrestricted cash available for day-to-day operating needs reclassified during the period to businesses held for sale. No definition available.
|
| X | ||||||||||
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- Definition
Represents the details pertaining to return of capital and dividend received in the form of bond trading securities. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash. Cash is the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities of discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of investing activities of discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of operating activities of discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the purchase of noncontrolling interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the purchase of all investments (debt, security, other) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from other long-term borrowings not otherwise defined in the taxonomy (with maturities initially due beyond one year or the normal operating cycle of the entity, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow or outflow associated with long-term loans for related parties where one party can exercise control or significant influence over another party, including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Proceeds from (Payments for) Advances to Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash inflow associated with the sale, maturity and collection of all investments such as debt, security and so forth during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow attributable to repayments of borrowings not otherwise defined in the taxonomy (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
SUBSEQUENT EVENTS (Details) (USD $)
In Billions, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | 0 Months Ended | |
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2013
|
Oct. 31, 2013
Subsequent event
|
Oct. 02, 2013
Subsequent event
Senior notes due 2024
|
|
| Subsequent events | ||||
| Aggregate principal amount of debt issued | $ 1.0 | |||
| Interest rate (as a percent) | 4.125% | |||
| Cash dividend declared on common stock (in dollars per share) | $ 0.10 | $ 0.10 | $ 0.10 |
| X | ||||||||||
|
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|