Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2015	Oct. 29, 2015
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, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,237,012,512
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Sep. 30, 2015	Dec. 31, 2014
Fixed maturity securities:
Bonds available for sale, at fair value (amortized cost: 2015 - $241,985; 2014 - $243,307)	$ 252,954	$ 259,859
Other bond securities, at fair value (See Note 5)	16,822	19,712
Equity securities:
Common and preferred stock available for sale, at fair value (cost: 2015 - $1,806; 2014 - $1,930)	3,792	4,395
Other common and preferred stock, at fair value (See Note 5)	1,066	1,049
Mortgage and other loans receivable, net of allowance (portion measured at fair value: 2015 - $11; 2014 - $6)	28,236	24,990
Other invested assets (portion measured at fair value: 2015 - $9,333; 2014 - $9,394)	31,123	34,518
Short-term investments (portion measured at fair value: 2015 - $2,733; 2014 - $1,684)	12,408	11,243
Total investments	346,401	355,766
Cash	1,569	1,758
Accrued investment income	2,696	2,712
Premiums and other receivables, net of allowance	12,078	12,031
Reinsurance assets, net of allowance	20,542	21,959
Deferred income taxes	19,511	19,339
Deferred policy acquisition costs	10,537	9,827
Other assets, including restricted cash of $247 in 2015 and $2,025 in 2014	11,515	12,153
Separate account assets, at fair value	77,136	80,036
Total assets	501,985	515,581
Liabilities:
Liability for unpaid losses and loss adjustment expenses	71,436	77,260
Unearned premiums	22,686	21,324
Future policy benefits for life and accident and health insurance contracts	42,991	42,749
Policyholder contract deposits (portion measured at fair value: 2015 - $2,287; 2014 - $1,561)	126,641	124,613
Other policyholder funds (portion measured at fair value: 2015 - $8; 2014 - $8)	4,192	4,669
Other liabilities (portion measured at fair value: 2015 - $298; 2014 - $350)	26,565	26,441
Long-term debt (portion measured at fair value: 2015 - $3,985; 2014 - $5,466)	30,719	31,217
Separate account liabilities	77,136	80,036
Total liabilities	402,366	408,309
Contingencies, commitments and guarantees (see Note 9)
AIG shareholders' equity:
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2015 - 1,906,671,492 and 2014 - 1,906,671,492	4,766	4,766
Treasury stock, at cost; 2015 - 659,876,877 shares; 2014 - 530,744,521 shares	(26,881)	(19,218)
Additional paid-in capital	81,435	80,958
Retained earnings	33,122	29,775
Accumulated other comprehensive income	6,557	10,617
Total AIG shareholders equity	98,999	106,898
Non-redeemable noncontrolling interests	620	374
Total equity	99,619	107,272
Total liabilities and equity	$ 501,985	$ 515,581

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical - assets and liabilities) (USD $) In Millions, unless otherwise specified	Sep. 30, 2015	Dec. 31, 2014
Assets:
Bonds available for sale, amortized cost	$ 241,985	$ 243,307
Common and preferred stocks available for sale, cost	1,806	1,930
Mortgage and other loans receivable, portion measured at fair value	11	6
Other invested assets, portion measured at fair value	9,333	9,394
Short-term investments, portion measured at fair value	2,733	1,684
Other assets, restriced cash	247	2,025
Liabilities:
Policyholder contract deposits, portion measured at fair value	2,287	1,561
Other policyholder funds, portion measured at fair value	8	8
Other liabilities, portion measured at fair value	298	350
Long-term debt, portion measured at fair value	$ 3,985	$ 5,466

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical - equity) (USD $)	Sep. 30, 2015	Dec. 31, 2014
AIG shareholders' equity:
Common stock, par value (in dollars per share)	$ 2.5	$ 2.5
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common stock, shares issued	1,906,671,492	1,906,671,492
Treasury stock, shares of common stock	659,876,877	530,744,521

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Premiums	$ 8,862	$ 9,486	$ 27,229	$ 28,046
Policy fees	701	677	2,066	1,948
Net investment income	3,206	4,028	10,870	12,108
Net realized capital gains (losses):
Total other-than-temporary impairments on available for sale securities	(225)	(34)	(460)	(116)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss)	(17)	(1)	(31)	(21)
Net other-than-temporary impairments on available for sale securities recognized in net income (loss)	(242)	(35)	(491)	(137)
Other realized capital gains (losses)	(100)	571	1,616	683
Total net realized capital gains (losses)	(342)	536	1,125	546
Aircraft leasing revenue	0	0	0	1,602
Other income	395	1,970	3,206	4,746
Total revenues	12,822	16,697	44,496	48,996
Benefits, claims and expenses:
Policyholder benefits and losses incurred	6,936	7,203	20,587	20,771
Interest credited to policyholder account balances	881	882	2,758	2,800
Amortization of deferred policy acquisition costs	1,275	1,288	3,981	3,989
General operating and other expenses	3,175	3,151	9,214	9,889
Interest expense	321	430	977	1,372
Aircraft leasing expenses	0	0	0	1,585
Loss on extinguishment of debt	346	742	756	1,014
Net (gain) loss on sale of divested businesses	3	(18)	10	(2,196)
Total benefits, claims and expenses	12,937	13,678	38,283	39,224
Income (loss) from continuing operations before income tax expense (benefit)	(115)	3,019	6,213	9,772
Income tax expense	65	820	2,142	2,908
Income (loss) from continuing operations	(180)	2,199	4,071	6,864
Income (loss) from discontinued operations, net of income tax expense	(17)	2	0	(15)
Net income (loss)	(197)	2,201	4,071	6,849
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests	34	9	34	(25)
Net income (loss) attributable to AIG	$ (231)	$ 2,192	$ 4,037	$ 6,874
Basic:
Income (loss) from continuing operations	$ (0.17)	$ 1.54	$ 3.05	$ 4.78
Income (loss) from discontinued operations	$ (0.01)	$ 0	$ 0	$ (0.01)
Net income (loss) attributable to AIG	$ (0.18)	$ 1.54	$ 3.05	$ 4.77
Diluted:
Income from continuing operations	$ (0.17)	$ 1.52	$ 2.97	$ 4.72
Income (loss) from discontinued operations	$ (0.01)	$ 0	$ 0	$ (0.01)
Net income (loss) attributable to AIG	$ (0.18)	$ 1.52	$ 2.97	$ 4.71
Weighted average shares outstanding:
Basic (in shares)	1,279,072,748	1,419,239,774	1,324,407,969	1,440,148,774
Diluted (in shares)	1,279,072,748	1,442,067,842	1,357,108,784	1,459,483,233
Dividend declared per common share (in dollars per share)	$ 0.28	$ 0.125	$ 0.53	$ 0.375

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ (197)	$ 2,201	$ 4,071	$ 6,849
Other comprehensive income (loss), net of tax
Change in unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken	(61)	59	(169)	174
Change in unrealized appreciation (depreciation) of all other investments	(857)	(168)	(3,309)	4,972
Change in foreign currency translation adjustments	(238)	(78)	(734)	(189)
Change in retirement plan liabilities adjustment	92	6	148	13
Other comprehensive income (loss)	(1,064)	(181)	(4,064)	4,970
Comprehensive income (loss)	(1,261)	2,020	7	11,819
Comprehensive income (loss) attributable to noncontrolling interests	33	8	30	(26)
Comprehensive income (loss) attributable to AIG	$ (1,294)	$ 2,012	$ (23)	$ 11,845

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, 2013	$ 101,081	$ 100,470	$ 4,766	$ (14,520)	$ 80,899	$ 22,965	$ 6,360	$ 611
Increase (Decrease) in Stockholders' Equity
Purchase of common stock	(3,200)	(3,200)	0	(3,200)
Net income (loss) attributable to AIG or noncontrolling interests	6,849	6,874	0	0	0	6,874	0	(25)
Dividends	(539)	(539)				(539)
Other comprehensive income (loss)	4,970	4,971	0	0	0	0	4,971	(1)
Net decrease due to dispositions	(123)							(123)
Contributions from noncontrolling interests	13	0	0	0	0	0	0	13
Distributions to noncontrolling interests	(78)	0	0	0	0	0	0	(78)
Other	10	5	0	0	5	0	0	5
Balance at Sep. 30, 2014	108,983	108,581	4,766	(17,720)	80,904	29,300	11,331	402
Balance at Dec. 31, 2014	107,272	106,898	4,766	(19,218)	80,958	29,775	10,617	374
Increase (Decrease) in Stockholders' Equity
Purchase of common stock	(7,663)	(7,663)	0	(7,663)	0	0	0	0
Net income (loss) attributable to AIG or noncontrolling interests	4,071	4,037	0	0	0	4,037	0	34
Dividends	(687)	(687)	0	0	0	(687)	0	0
Other comprehensive income (loss)	(4,064)	(4,060)	0	0	0	0	(4,060)	(4)
Deferred income taxes	(7)	(7)			(7)
Net increase due to acquisitions and consolidations	214							214
Contributions from noncontrolling interests	(2)	0	0	0	0	0	0	(2)
Distributions to noncontrolling interests	(5)	0	0	0	0	0	0	(5)
Other	490	481	0	0	484	(3)	0	9
Balance at Sep. 30, 2015	$ 99,619	$ 98,999	$ 4,766	$ (26,881)	$ 81,435	$ 33,122	$ 6,557	$ 620

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ 4,071	$ 6,849
(Income) loss from discontinued operations	0	15
Noncash revenues, expenses, gains and losses included in income (loss):
Net gains on sales of securities available for sale and other assets	(660)	(602)
Net (gain) loss on sale of divested businesses	10	(2,196)
Loss on extinguishment of debt	756	1,014
Unrealized (gains) losses in earnings - net	(550)	(797)
Equity in income from equity method investments, net of dividends or distributions	(684)	(1,106)
Depreciation and other amortization	3,502	3,372
Impairments of assets	886	415
Changes in operating assets and liabilities:
Insurance reserves	(1,618)	184
Premiums and other receivables and payables - net	(389)	41
Reinsurance assets and funds held under reinsurance treaties	1,396	(64)
Capitalization of deferred policy acquisition costs	(4,376)	(4,546)
Current and deferred income taxes - net	1,736	2,291
Other, net	(1,846)	(513)
Total adjustments	(1,837)	(2,507)
Net cash provided by operating activities	2,234	4,357
Sales or distribution of:
Available for sale investments	20,846	16,063
Other securities	4,895	3,936
Other invested assets	7,015	3,034
Divested businesses, net	0	2,348
Maturities of fixed maturity securities available for sale	18,427	18,628
Principal payments received on and sales of mortgage and other loans receivable	3,298	2,552
Purchases of:
Available for sale investments	(36,333)	(34,630)
Other securities	(1,622)	(301)
Other invested assets	(2,675)	(3,205)
Mortgage and other loans receivable	(6,845)	(4,945)
Net change in restricted cash	1,476	(660)
Net change in short-term investments	(1,028)	2,342
Other, net	(774)	(295)
Net cash provided by investing activities	6,680	4,867
Proceeds from (payments for)
Policyholder contract deposits	12,216	12,311
Policyholder contract withdrawals	(10,801)	(11,036)
Issuance of long-term debt	6,449	5,827
Repayments of long-term debt	(8,343)	(11,561)
Purchase of Common Stock	(7,473)	(3,403)
Dividends paid	(687)	(539)
Other, net	(425)	(1,200)
Net cash (used in) financing activities	(9,064)	(9,601)
Effect of exchange rate changes on cash	(39)	(19)
Net increase (decrease) in cash	(189)	(396)
Cash at beginning of year	1,758	2,241
Change in cash of businesses held-for-sale	0	88
Cash at end of period	$ 1,569	$ 1,933

Supplementary Disclosure of Condensed Consolidated Cash Flow Information (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash paid during the period for:
Interest	$ 1,112	$ 2,496
Taxes	406	614
Non-cash investing/financing activities:
Interest credited to policyholder contract deposits included in financing activities	2,801	3,007
International Lease Finance Corporation (ILFC)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Non-cash consideration received from sale		4,586
Aer Cap
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Non-cash consideration received from sale	$ 500

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 30, 2015
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION American International Group, Inc. (AIG) is a leading global insurance organization serving customers in more than 100 countries and jurisdictions. 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, 2014 (2014 Annual Report). The condensed consolidated financial information as of December 31, 2014 included herein has been derived from audited Consolidated Financial Statements in the 2014 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, 2015 and prior to the issuance of these Condensed Consolidated Financial Statements. Sale of ILFC and shares of AerCap On May 14, 2014, we completed the sale of 100 percent of the common stock of International Lease Finance Corporation (ILFC) to AerCap Ireland Limited, a wholly owned subsidiary of AerCap Holdings N.V. (AerCap), in exchange for total consideration of approximately $7.6 billion, including cash and 97.6 million newly-issued AerCap common shares (the AerCap Transaction). The total value of the consideration was based in part on AerCap’s closing price per share of $47.01 on May 13, 2014. ILFC’s results of operations are reflected in Aircraft leasing revenue and Aircraft leasing expenses in the Condensed Consolidated Statements of Income (Loss) through the date of the completion of the sale. In June 2015, we sold 86.9 million ordinary shares of AerCap by means of an underwritten public offering of 71.2 million ordinary shares and a private sale of 15.7 million ordinary shares to AerCap. We received cash proceeds of approximately $3.7 billion, reflecting proceeds of approximately $3.4 billion from the underwritten offering and cash proceeds of $250 million from the private sale of shares to AerCap. In connection with the closing of the private sale of shares to AerCap, we also received $500 million of 6.50% fixed-to-floating rate junior subordinated notes issued by AerCap Global Aviation Trust and guaranteed by AerCap and certain of its subsidiaries. These notes, included in Bonds available for sale, mature in 2045 and are callable beginning in 2025. We accounted for our interest in AerCap using the equity method of accounting through the date of the June 2015 sale, and as available for sale thereafter. In August 2015, we sold our remaining 10.7 million ordinary shares of AerCap by means of an underwritten public offering and received proceeds of approximately $500 million. Use of Estimates The preparation of financial statements in accordance with GAAP requires the application of accounting policies that often involve a significant degree of judgment. Accounting policies that we believe are most dependent on the application of estimates and assumptions are considered our critical accounting estimates and are related to the determination of: income tax assets and liabilities, including recoverability of our net deferred tax asset and the predictability of future tax operating profitability of the character necessary to realize the net deferred tax asset; liability for unpaid losses and loss adjustment expenses; reinsurance assets; valuation of future policy benefit liabilities and timing and extent of loss recognition; valuation of liabilities for guaranteed benefit features of variable annuity products; estimated gross profits to value deferred acquisition costs for investment-oriented products; impairment charges, including other-than-temporary impairments on available for sale securities, impairments on investments in life settlements and goodwill impairment; liability for legal contingencies; and fair value measurements of certain financial assets and liabilities. 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.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Standards Adopted During 2015 Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure In January 2014, the Financial Accounting Standards Board (FASB) issued an accounting standard that clarifies that a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, so that the loan is derecognized and the real estate property is recognized, when either (i) the creditor obtains legal title to the residential real estate property upon completion of a foreclosure or (ii) the borrower conveys all interest in the residential real estate property to the creditor to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. We adopted the standard on its required effective date of January 1, 2015. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows. Reporting Discontinued Operations In April 2014, the FASB issued an accounting standard that changes the requirements for presenting a component or group of components of an entity as a discontinued operation and requires new disclosures. Under the standard, the disposal of a component or group of components of an entity should be reported as a discontinued operation if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. Disposals of equity method investments, or those reported as held-for-sale, must be presented as a discontinued operation if they meet the new definition. The standard also requires entities to provide disclosures about the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation. We adopted the standard on its required effective date of January 1, 2015 on a prospective basis. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows. Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures In June 2014, the FASB issued an accounting standard that changes the accounting for repurchase-to-maturity transactions and repurchase financing arrangements. It also requires additional disclosures about repurchase agreements and other similar transactions. The standard aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as repurchase financings with the accounting for other typical repurchase agreements such that they all will be accounted for as secured borrowings. The standard eliminates sale accounting for repurchase-to-maturity transactions and supersedes the standard under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement. We adopted the standard on its required effective date of January 1, 2015 on a prospective basis. 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 Revenue Recognition In May 2014, the FASB issued an accounting standard that supersedes most existing revenue recognition guidance. The standard excludes from its scope the accounting for insurance contracts, leases, financial instruments, and certain other agreements that are governed under other GAAP guidance, but could affect the revenue recognition for certain of our other activities. The standard is effective for interim and annual reporting periods beginning after December 15, 2017 and may be applied retrospectively or through a cumulative effect adjustment to retained earnings at the date of adoption. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. We plan to adopt the standard on its required effective date of January 1, 2018 and are assessing the impact of the standard on our consolidated financial condition, results of operations and cash flows. Accounting for Share-Based Payments with Performance Targets In June 2014, the FASB issued an accounting standard that clarifies the accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The standard requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The standard is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. The standard may be applied prospectively to all awards granted or modified after the effective date or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. We plan to adopt the standard on its required effective date of January 1, 2016 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. Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity In August 2014, the FASB issued an accounting standard that allows a reporting entity to measure the financial assets and financial liabilities of a qualifying consolidated collateralized financing entity using the fair value of either its financial assets or financial liabilities, whichever is more observable. The standard is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. The standard may be applied retrospectively or through a cumulative effect adjustment to retained earnings at the date of adoption. We plan to adopt the standard on its required effective date of January 1, 2016 and are assessing the impact of the standard on our consolidated financial condition, results of operations and cash flows. Consolidation: Amendments to the Consolidation Analysis In February 2015, the FASB issued an accounting standard that affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, the amendments modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; eliminate the presumption that a general partner should consolidate a limited partnership; affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. The standard is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The standard may be applied retrospectively or through a cumulative effect adjustment to retained earnings as of the beginning of the year of adoption. We plan to adopt the standard on its required effective date of January 1, 2016 and are assessing the impact of the standard on our consolidated financial condition, results of operations and cash flows. Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement In April 2015, the FASB issued an accounting standard that provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance does not change generally accepted accounting principles applicable to a customer's accounting for service contracts. Consequently, all software licenses will be accounted for consistent with other licenses of intangible assets. The standard is effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted. The standard may be adopted prospectively to all arrangements entered into or materially modified after the effective date or retrospectively. We plan to adopt the standard on its required effective date of January 1, 2016 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. Short Duration Insurance Contracts In May 2015, the FASB issued an accounting standard that requires additional disclosures (including accident year information) for short-duration insurance contracts. New disclosures about the liability for unpaid losses and loss adjustment expenses will be required of public business entities for annual periods beginning after December 15, 2015. The annual disclosures by accident year include: disaggregated net incurred and paid claims development tables segregated by business type (not required to exceed 10 years), reconciliation of total net reserves included in development tables to the reported liability for unpaid losses and loss adjustment expenses, incurred but not reported (IBNR) information, quantitative information and a qualitative description about claim frequency, and the average annual percentage payout of incurred claims. Further, the new standard requires, when applicable, disclosures about discounting liabilities for unpaid losses and loss adjustment expenses and significant changes and reasons for changes in methodologies and assumptions used to determine unpaid losses and loss adjustment expenses. In addition, the roll forward of the liability for unpaid losses and loss adjustment expenses currently disclosed in annual financial statements will be required for interim periods beginning in the first quarter of 2017. Early adoption of the new annual and interim disclosures is permitted. We plan to adopt the standard on its required effective date. Because the new standard does not affect accounting recognition or measurement, the adoption of the standard will have no effect on our consolidated financial condition, results of operations, or cash flows.

- Definition

The entire disclosure for all significant accounting policies of the reporting entity.

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SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2015

SEGMENT INFORMATION

SEGMENT INFORMATION

3. SEGMENT INFORMATION

We report our results of operations consistent with the manner in which our chief operating decision makers review the business to assess performance and allocate resources through two reportable segments: Commercial Insurance and Consumer Insurance as well as a Corporate and Other category. The Corporate and Other category consists of businesses and items not allocated to our reportable segments.

We evaluate performance based on revenue and pre-tax operating income (loss). Pre-tax operating income (loss) is derived by excluding certain items from net income (loss) attributable to AIG. See the table below for items excluded from pre-tax operating income (loss).

The following tables present our operations by reportable segment:

	2015				2014
				Pre-Tax				Pre-Tax
Three Months Ended September 30,		Total		Operating		Total		Operating
(in millions)		Revenues		Income (Loss)		Revenues	Income (Loss)
Commercial Insurance
Property Casualty	$	5,715	$	569	$	6,425	$	952
Mortgage Guaranty		266		162		262		135
Institutional Markets		578		84		626		153
Total Commercial Insurance		6,559		815		7,313		1,240
Consumer Insurance
Retirement		2,203		635		2,472		1,094
Life		1,578		(40)		1,575		50
Personal Insurance		2,871		62		3,163		120
Total Consumer Insurance		6,652		657		7,210		1,264
Corporate and Other^*		109		(613)		1,121		149
AIG consolidation and elimination		(141)		(11)		(168)		(68)
Total AIG consolidated revenues and pre-tax operating income		13,179		848		15,476		2,585
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income (loss):
Changes in fair values of fixed maturity securities designated to
hedge living benefit liabilities, net of interest expense		4		4		32		32
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains		-		(2)		-		(45)
Loss on extinguishment of debt		-		(346)		-		(742)
Net realized capital gains (loss)		(342)		(342)		536		536
Net gain (loss) on sale of divested businesses		-		(3)		-		17
Non-operating litigation reserves and settlements		-		30		653		636
Reserve development related to non-operating run-off insurance business		-		(30)		-		-
Restructuring and other costs		-		(274)		-		-
Other		(19)		-		-		-
Revenues and pre-tax income (loss)	$	12,822	$	(115)	$	16,697	$	3,019

	2015				2014
				Pre-Tax				Pre-Tax
Nine Months Ended September 30,		Total		Operating		Total		Operating
(in millions)		Revenues		Income (Loss)		Revenues	Income (Loss)
Commercial Insurance
Property Casualty	$	17,904	$	2,931	$	18,868	$	3,313
Mortgage Guaranty		791		464		769		421
Institutional Markets		2,374		382		2,028		552
Total Commercial Insurance		21,069		3,777		21,665		4,286
Consumer Insurance
Retirement		7,056		2,239		7,367		2,773
Life		4,823		280		4,745		500
Personal Insurance		8,602		106		9,356		278
Total Consumer Insurance		20,481		2,625		21,468		3,551
Corporate and Other^*		2,270		(79)		3,218		39
AIG consolidation and elimination		(416)		(80)		(356)		(42)
Total AIG consolidated revenues and pre-tax operating income		43,404		6,243		45,995		7,834

Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Changes in fair values of fixed maturity securities designated to
hedge living benefit liabilities, net of interest expense		(39)		(39)		162		162
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains		-		(84)		-		(90)
Loss on extinguishment of debt		-		(756)		-		(1,014)
Net realized capital gains		1,125		1,125		546		546
Net gain (loss) on sale of divested businesses		(48)		(58)		1,602		2,189
Non-operating litigation reserves and settlements		91		86		691		145
Reserve development related to non-operating run-off insurance business		-		(30)		-		-
Restructuring and other costs		-		(274)		-		-
Other		(37)		-		-		-
Revenues and pre-tax income	$	44,496	$	6,213	$	48,996	$	9,772

* Corporate and Other includes income from assets held by AIG Parent and other corporate subsidiaries.

- Definition

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.

+ References

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+ Details

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 30, 2015

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

4. FAIR VALUE MEASUREMENTS

Fair Value Measurements on a Recurring Basis

Assets and liabilities recorded at fair value in the Condensed Consolidated Balance Sheets are measured and classified in accordance with a fair value hierarchy consisting of three “levels” based on the observability of valuation inputs:

Level 1: Fair value measurements based on quoted prices (unadjusted) in active markets that we have the ability to access for identical assets or liabilities. Market price data generally is obtained from exchange or dealer markets. We do not adjust the quoted price for such instruments.
Level 2: Fair value measurements based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals.
Level 3: Fair value measurements based on valuation techniques that use significant inputs that are unobservable. Both observable and unobservable inputs may be used to determine the fair values of positions classified in Level 3. The circumstances for using these measurements include those in which there is little, if any, market activity for the asset or liability. Therefore, we must make certain assumptions about the inputs a hypothetical market participant would use to value that asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

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:

September 30, 2015							Counterparty		Cash
(in millions)		Level 1		Level 2		Level 3		Netting^*	Collateral			Total
Assets:
Bonds available for sale:
U.S. government and government sponsored entities	$	8	$	1,874	$	-	$	-	$	-	$	1,882
Obligations of states, municipalities and political subdivisions		-		25,406		2,140		-		-		27,546
Non-U.S. governments		709		17,688		31		-		-		18,428
Corporate debt		-		137,646		2,476		-		-		140,122
RMBS		-		18,766		16,859		-		-		35,625
CMBS		-		10,988		2,729		-		-		13,717
CDO/ABS		-		9,526		6,108		-		-		15,634
Total bonds available for sale		717		221,894		30,343		-		-		252,954
Other bond securities:
U.S. government and government sponsored entities		155		3,658		-		-		-		3,813
Obligations of states, municipalities and political subdivisions		-		75		-		-		-		75
Non-U.S. governments		-		2		-		-		-		2
Corporate debt		-		1,233		16		-		-		1,249
RMBS		-		784		1,501		-		-		2,285
CMBS		-		600		219		-		-		819
CDO/ABS		-		1,432		7,147		-		-		8,579
Total other bond securities		155		7,784		8,883		-		-		16,822
Equity securities available for sale:
Common stock		2,961		-		-		-		-		2,961
Preferred stock		23		-		-		-		-		23
Mutual funds		806		2		-		-		-		808
Total equity securities available for sale		3,790		2		-		-		-		3,792
Other equity securities		1,044		-		22		-		-		1,066
Mortgage and other loans receivable		-		-		11		-		-		11
Other invested assets		2		4,371		4,960		-		-		9,333
Derivative assets:
Interest rate contracts		-		4,070		13		-		-		4,083
Foreign exchange contracts		-		836		-		-		-		836
Equity contracts		121		14		40		-		-		175
Commodity contracts		-		-		-		-		-		-
Credit contracts		-		-		3		-		-		3
Other contracts		-		-		27		-		-		27
Counterparty netting and cash collateral		-		-		-		(1,691)		(2,129)		(3,820)
Total derivative assets		121		4,920		83		(1,691)		(2,129)		1,304
Short-term investments		1,032		1,701		-		-		-		2,733
Separate account assets		72,370		4,766		-		-		-		77,136
Total	$	79,231	$	245,438	$	44,302	$	(1,691)	$	(2,129)	$	365,151
Liabilities:
Policyholder contract deposits	$	-	$	38	$	2,249	$	-	$	-	$	2,287
Other policyholder funds		-		8		-		-		-		8

Derivative liabilities:
Interest rate contracts		-		2,787		71		-		-		2,858
Foreign exchange contracts		-		1,208		7		-		-		1,215
Equity contracts		-		82		1		-		-		83
Commodity contracts		-		-		-		-		-		-
Credit contracts		-		-		531		-		-		531
Other contracts		-		1		78		-		-		79
Counterparty netting and cash collateral		-		-		-		(1,691)		(910)		(2,601)
Total derivative liabilities		-		4,078		688		(1,691)		(910)		2,165
Long-term debt		-		3,795		190		-		-		3,985
Other liabilities		116		182		-		-		-		298
Total	$	116	$	8,101	$	3,127	$	(1,691)	$	(910)	$	8,743

December 31, 2014							Counterparty		Cash
(in millions)		Level 1		Level 2		Level 3		Netting^*	Collateral			Total
Assets:
Bonds available for sale:
U.S. government and government sponsored entities	$	322	$	2,670	$	-	$	-	$	-	$	2,992
Obligations of states, municipalities and political subdivisions		-		25,500		2,159		-		-		27,659
Non-U.S. governments		742		20,323		30		-		-		21,095
Corporate debt		-		142,550		1,883		-		-		144,433
RMBS		-		20,715		16,805		-		-		37,520
CMBS		-		10,189		2,696		-		-		12,885
CDO/ABS		-		7,165		6,110		-		-		13,275
Total bonds available for sale		1,064		229,112		29,683		-		-		259,859
Other bond securities:
U.S. government and government sponsored entities		130		5,368		-		-		-		5,498
Obligations of states, municipalities and political subdivisions		-		122		-		-		-		122
Non-U.S. governments		-		2		-		-		-		2
Corporate debt		-		719		-		-		-		719
RMBS		-		989		1,105		-		-		2,094
CMBS		-		708		369		-		-		1,077
CDO/ABS		-		2,751		7,449		-		-		10,200
Total other bond securities		130		10,659		8,923		-		-		19,712
Equity securities available for sale:
Common stock		3,626		2		1		-		-		3,629
Preferred stock		25		-		-		-		-		25
Mutual funds		738		3		-		-		-		741
Total equity securities available for sale		4,389		5		1		-		-		4,395
Other equity securities		1,024		25		-		-		-		1,049
Mortgage and other loans receivable		-		-		6		-		-		6
Other invested assets		2		3,742		5,650		-		-		9,394
Derivative assets:
Interest rate contracts		2		3,729		12		-		-		3,743
Foreign exchange contracts		-		839		1		-		-		840
Equity contracts		98		58		51		-		-		207
Commodity contracts		-		-		-		-		-		-
Credit contracts		-		-		4		-		-		4
Other contracts		-		-		31		-		-		31
Counterparty netting and cash collateral		-		-		-		(2,102)		(1,119)		(3,221)
Total derivative assets		100		4,626		99		(2,102)		(1,119)		1,604

Short-term investments		584		1,100		-		-		-		1,684
Separate account assets		73,939		6,097		-		-		-		80,036
Total	$	81,232	$	255,366	$	44,362	$	(2,102)	$	(1,119)	$	377,739
Liabilities:
Policyholder contract deposits	$	-	$	52	$	1,509	$	-	$	-	$	1,561
Other policyholder funds		-		8		-		-		-		8
Derivative liabilities:
Interest rate contracts		-		3,047		86		-		-		3,133
Foreign exchange contracts		-		1,482		9		-		-		1,491
Equity contracts		-		98		4		-		-		102
Commodity contracts		-		6		-		-		-		6
Credit contracts		-		-		982		-		-		982
Other contracts		-		-		90		-		-		90
Counterparty netting and cash collateral		-		-		-		(2,102)		(1,429)		(3,531)
Total derivative liabilities		-		4,633		1,171		(2,102)		(1,429)		2,273
Long-term debt		-		5,253		213		-		-		5,466
Other liabilities		34		316		-		-		-		350
Total	$	34	$	10,262	$	2,893	$	(2,102)	$	(1,429)	$	9,658

* Represents netting of derivative exposures covered by a qualifying master netting agreement.

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, 2015, we transferred $188 million and $450 million, respectively, of securities issued by Non-U.S. government entities from Level 1 to Level 2, because they are no longer considered actively traded. For similar reasons, during the nine-month period ended September 30, 2015, we transferred $180 million of securities issued by the U.S. government and government sponsored entities from Level 1 to Level 2, while we had no material transfers of these securities from Level 1 to Level 2 during the three-month period ended September 30, 2015. We had no material transfers from Level 2 to Level 1 during the three- and nine-month periods ended September 30, 2015.

During the three- and nine-month periods ended September 30, 2014, we transferred $32 million and $330 million, respectively, of securities issued by Non-U.S. government entities from Level 1 to Level 2, because they are no longer considered actively traded. For similar reasons, during the three- and nine-month periods ended September 30, 2014, we transferred $4 million and $107 million, respectively, of securities issued by the U.S. government and 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, 2014.

Changes in Level 3 Recurring Fair Value Measurements

The following tables present changes during the three- and nine-month periods ended September 30, 2015 and 2014 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, 2015 and 2014:

				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair Value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair Value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Settlements, Net		In		Out		of Period		at End of Period
Three Months Ended September 30, 2015
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	2,180	$	(1)	$	(15)	$	16	$	-	$	(40)	$	2,140	$	-
Non-U.S. governments		33		-		(1)		(1)		-		-		31		-
Corporate debt		2,118		5		2		(63)		987		(573)		2,476		-
RMBS		17,097		265		(151)		(352)		-		-		16,859		-
CMBS		2,677		17		(15)		50		-		-		2,729		-
CDO/ABS		6,071		8		57		(21)		6		(13)		6,108		-
Total bonds available for sale		30,176		294		(123)		(371)		993		(626)		30,343		-
Other bond securities:
Corporate debt		16		-		-		-		-		-		16		-
RMBS		1,337		(4)		-		169		-		(1)		1,501		(3)
CMBS		223		(1)		-		(8)		5		-		219		(1)
CDO/ABS		7,426		85		-		(415)		51		-		7,147		23
Total other bond securities		9,002		80		-		(254)		56		(1)		8,883		19
Equity securities available for sale:
Common stock		-		-		-		-		-		-		-		-
Total equity securities available for sale		-		-		-		-		-		-		-		-
Other equity securities		22		-		-		-		-		-		22		-
Mortgage and other loans receivable		6		-		-		5		-		-		11		-
Other invested assets		5,075		(52)		(90)		64		15		(52)		4,960		-
Total	$	44,281	$	322	$	(213)	$	(556)	$	1,064	$	(679)	$	44,219	$	19
Liabilities:
Policyholder contract deposits	$	(1,232)	$	(871)	$	-	$	(146)	$	-	$	-	$	(2,249)	$	32
Derivative liabilities, net:
Interest rate contracts		(62)		(3)		-		7		-		-		(58)		(4)
Foreign exchange contracts		(7)		(1)		-		1		-		-		(7)		(2)
Equity contracts		63		(21)		-		(3)		-		-		39		(21)
Commodity contracts		-		-		-		-		-		-		-		-
Credit contracts		(551)		11		-		12		-		-		(528)		23
Other contracts		(16)		(12)		-		(23)		-		-		(51)		(13)
Total derivative liabilities, net^(a)		(573)		(26)		-		(6)		-		-		(605)		(17)
Long-term debt^(b)		(193)		3		-		-		-		-		(190)		-
Total	$	(1,998)	$	(894)	$	-	$	(152)	$	-	$	-	$	(3,044)	$	15

				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair Value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair Value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period^(a)		in Income		Income (Loss)		Settlements, Net		In		Out		of Period		at End of Period
Nine Months Ended September 30, 2015
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	2,159	$	-	$	(94)	$	174	$	-	$	(99)	$	2,140	$	-
Non-U.S. governments		30		-		(2)		3		-		-		31		-
Corporate debt		1,883		19		(31)		(209)		1,443		(629)		2,476		-
RMBS		16,805		804		(322)		(428)		-		-		16,859		-
CMBS		2,696		63		(45)		97		-		(82)		2,729		-
CDO/ABS		6,110		138		(110)		98		6		(134)		6,108		-
Total bonds available for sale		29,683		1,024		(604)		(265)		1,449		(944)		30,343		-
Other bond securities:
Corporate debt		-		-		-		-		16		-		16		-
RMBS		1,105		22		-		389		44		(59)		1,501		(21)
CMBS		369		7		-		(162)		5		-		219		(3)
CDO/ABS		7,449		482		-		(1,341)		632		(75)		7,147		(55)
Total other bond securities		8,923		511		-		(1,114)		697		(134)		8,883		(79)
Equity securities available for sale:
Common stock		1		2		-		(3)		-		-		-		-
Total equity securities available for sale		1		2		-		(3)		-		-		-		-
Other equity securities		-		-		-		-		22		-		22		(2)
Mortgage and other loans receivable		6		-		-		5		-		-		11		-
Other invested assets		5,650		475		(639)		(522)		113		(117)		4,960		-
Total	$	44,263	$	2,012	$	(1,243)	$	(1,899)	$	2,281	$	(1,195)	$	44,219	$	(81)
Liabilities:
Policyholder contract deposits	$	(1,509)	$	(410)	$	-	$	(330)	$	-	$	-	$	(2,249)	$	72
Derivative liabilities, net:
Interest rate contracts		(74)		(3)		-		19		-		-		(58)		(4)
Foreign exchange contracts		(8)		2		-		(1)		-		-		(7)		1
Equity contracts		47		(15)		-		7		-		-		39		(19)
Commodity contracts		-		-		-		-		-		-		-		-
Credit contracts		(978)		171		-		279		-		-		(528)		73
Other contracts		(59)		61		-		(53)		-		-		(51)		53
Total derivative liabilities, net^(a)		(1,072)		216		-		251		-		-		(605)		104
Long-term debt^(b)		(213)		5		-		18		-		-		(190)		13
Total	$	(2,794)	$	(189)	$	-	$	(61)	$	-	$	-	$	(3,044)	$	189

				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Settlements, Net		In		Out		of Period		at End of Period
Three Months Ended September 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	1,991	$	(1)	$	(11)	$	43	$	-	$	(8)	$	2,014	$	-
Non-U.S. governments		25		-		-		1		-		(3)		23		-
Corporate debt		2,196		2		(22)		(73)		3		(97)		2,009		-
RMBS		16,328		264		(49)		375		-		-		16,918		-
CMBS		5,917		27		(39)		14		-		(3)		5,916		-
CDO/ABS		7,431		18		(2)		692		53		(35)		8,157		-
Total bonds available for sale		33,888		310		(123)		1,052		56		(146)		35,037		-
Other bond securities:
RMBS		1,062		-		-		(39)		-		-		1,023		(9)
CMBS		757		(24)		-		(20)		-		-		713		(21)
CDO/ABS		8,397		257		-		(451)		-		(134)		8,069		76
Total other bond securities		10,216		233		-		(510)		-		(134)		9,805		46
Equity securities available for sale:
Common stock		-		-		1		-		-		(1)		-		-
Preferred stock		-		-		-		-		-		-		-		-
Mutual funds		-		-		-		-		1		-		1		-
Total equity securities available for sale		-		-		1		-		1		(1)		1		-
Mortgage and other loans receivable		6		-		-		-		-		-		6		-
Other invested assets		5,824		(7)		90		65		83		(246)		5,809		-
Total	$	49,934	$	536	$	(32)	$	607	$	140	$	(527)	$	50,658	$	46
Liabilities:
Policyholder contract deposits	$	(842)	$	(155)	$	8	$	(2)	$	-	$	-	$	(991)	$	(21)
Derivative liabilities, net:
Interest rate contracts		(67)		(3)		-		1		-		(2)		(71)		(3)
Foreign exchange contracts		(9)		-		-		2		-		-		(7)		-
Equity contracts		91		6		-		2		-		(53)		46		-
Commodity contracts		1		(1)		-		-		-		-		-		-
Credit contracts		(1,085)		75		-		(8)		-		-		(1,018)		65
Other contracts		(53)		14		4		(20)		-		-		(55)		17
Total derivatives liabilities, net^(a)		(1,122)		91		4		(23)		-		(55)		(1,105)		79
Long-term debt^(b)		(394)		21		-		1		-		75		(297)		16
Total	$	(2,358)	$	(43)	$	12	$	(24)	$	-	$	20	$	(2,393)	$	74

				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Settlements, Net		In		Out		of Period		at End of Period
Nine Months Ended September 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions^(c)	$	1,080	$	(1)	$	180	$	896	$	-	$	(141)	$	2,014	$	-
Non-U.S. governments		16		-		(1)		7		4		(3)		23		-
Corporate debt		1,255		8		31		(140)		1,358		(503)		2,009		-
RMBS		14,941		759		211		999		119		(111)		16,918		-
CMBS		5,735		50		201		(43)		69		(96)		5,916		-
CDO/ABS		6,974		70		1		1,426		222		(536)		8,157		-
Total bonds available for sale		30,001		886		623		3,145		1,772		(1,390)		35,037		-
Other bond securities:
RMBS		937		51		-		33		2		-		1,023		9
CMBS		844		14		-		(151)		6		-		713		11
CDO/ABS		8,834		926		-		(1,338)		1		(354)		8,069		341
Total other bond securities		10,615		991		-		(1,456)		9		(354)		9,805		361
Equity securities available for sale:
Common stock		1		-		1		-		-		(2)		-		-
Preferred stock		-		-		-		-		-		-		-		-
Mutual funds		-		-		-		-		1		-		1		-
Total equity securities available for sale		1		-		1		-		1		(2)		1		-
Mortgage and other loans receivable		-		-		-		6		-		-		6		-
Other invested assets		5,930		80		139		99		168		(607)		5,809		-
Total	$	46,547	$	1,957	$	763	$	1,794	$	1,950	$	(2,353)	$	50,658	$	361
Liabilities:
Policyholder contract deposits	$	(312)	$	(687)	$	(16)	$	24	$	-	$	-	$	(991)	$	(140)
Derivative liabilities, net:
Interest rate contracts		(100)		(2)		-		33		-		(2)		(71)		-
Foreign exchange contracts		-		3		-		(10)		-		-		(7)		4
Equity contracts		49		14		-		(12)		48		(53)		46		6
Commodity contracts		1		-		-		-		-		(1)		-		-
Credit contracts		(1,280)		229		-		33		-		-		(1,018)		229
Other contracts		(109)		49		51		(46)		-		-		(55)		37
Total derivatives liabilities, net^(a)		(1,439)		293		51		(2)		48		(56)		(1,105)		276
Long-term debt^(b)		(370)		13		-		34		(70)		96		(297)		15
Total	$	(2,121)	$	(381)	$	35	$	56	$	(22)	$	40	$	(2,393)	$	151

(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.

(c) Purchases, Sales, Issues and Settlements, Net primarily reflect the effect of consolidating previously unconsolidated securitization vehicles.

Net realized and unrealized gains and losses related to Level 3 items shown above are reported in the Condensed Consolidated Statements of Income (Loss) as follows:

		Net		Net Realized
		Investment		Capital		Other
(in millions)		Income	Gains (Losses)			Income		Total
Three Months Ended September 30, 2015
Bonds available for sale	$	304	$	(15)	$	5	$	294
Other bond securities		7		-		73		80
Equity securities available for sale		-		-		-		-
Other invested assets		(25)		(22)		(5)		(52)
Policyholder contract deposits		-		(871)		-		(871)
Derivative liabilities, net		-		(17)		(9)		(26)
Long-term debt		-		-		3		3
Three Months Ended September 30, 2014
Bonds available for sale	$	320	$	(22)	$	12	$	310
Other bond securities		(3)		-		236		233
Equity securities available for sale		-		-		-		-
Other invested assets		18		(20)		(5)		(7)
Policyholder contract deposits		-		(155)		-		(155)
Derivative liabilities, net		18		(1)		74		91
Long-term debt		-		-		21		21
Nine Months Ended September 30, 2015
Bonds available for sale	$	926	$	(14)	$	112	$	1,024
Other bond securities		48		3		460		511
Equity securities available for sale		-		2		-		2
Other invested assets		61		355		59		475
Policyholder contract deposits		-		(410)		-		(410)
Derivative liabilities, net		-		(12)		228		216
Long-term debt		-		-		5		5
Nine Months Ended September 30, 2014
Bonds available for sale	$	922	$	(73)	$	37	$	886
Other bond securities		97		2		892		991
Equity securities available for sale		-		-		-		-
Other invested assets		107		(33)		6		80
Policyholder contract deposits		-		(687)		-		(687)
Derivative liabilities, net		49		4		240		293
Long-term debt		-		-		13		13

The following tables present the gross components of purchases, sales, issues and settlements, net, shown above, for the three- and nine-month periods ended September 30, 2015 and 2014 related to Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets:

								Purchases,
								Sales, Issues and
(in millions)		Purchases		Sales		Settlements		Settlements, Net^(a)
Three Months Ended September 30, 2015
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	35	$	-	$	(19)	$	16
Non-U.S. governments		3		(1)		(3)		(1)
Corporate debt		32		-		(95)		(63)

RMBS		449		(29)		(772)		(352)
CMBS		50		-		-		50
CDO/ABS		160		(9)		(172)		(21)
Total bonds available for sale		729		(39)		(1,061)		(371)
Other bond securities:
RMBS		218		(6)		(43)		169
CMBS		-		-		(8)		(8)
CDO/ABS		10		(5)		(420)		(415)
Total other bond securities		228		(11)		(471)		(254)
Equity securities available for sale		-		-		-		-
Mortgage and other loans receivable		5		-		-		5
Other invested assets		193		-		(129)		64
Total assets	$	1,155	$	(50)	$	(1,661)	$	(556)
Liabilities:
Policyholder contract deposits	$	-	$	(122)	$	(24)	$	(146)
Derivative liabilities, net		1		-		(7)		(6)
Long-term debt^(b)		-		-		-		-
Total liabilities	$	1	$	(122)	$	(31)	$	(152)
Three Months Ended September 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	66	$	(3)	$	(20)	$	43
Non-U.S. governments		1		-		-		1
Corporate debt		22		-		(95)		(73)
RMBS		1,062		(62)		(625)		375
CMBS		276		(167)		(95)		14
CDO/ABS		1,085		(68)		(325)		692
Total bonds available for sale		2,512		(300)		(1,160)		1,052
Other bond securities:
RMBS		-		(3)		(36)		(39)
CMBS		-		(9)		(11)		(20)
CDO/ABS		6		(4)		(453)		(451)
Total other bond securities		6		(16)		(500)		(510)
Equity securities available for sale		-		-		-		-
Other invested assets		276		-		(211)		65
Total assets	$	2,794	$	(316)	$	(1,871)	$	607
Liabilities:
Policyholder contract deposits	$	-	$	(36)	$	34	$	(2)
Derivative liabilities, net		-		(2)		(21)		(23)
Long-term debt^(b)		-		-		1		1
Total liabilities	$	-	$	(38)	$	14	$	(24)
								Purchases,
								Sales, Issues and
(in millions)		Purchases		Sales		Settlements		Settlements, Net^(a)
Nine Months Ended September 30, 2015
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	258	$	(22)	$	(62)	$	174
Non-U.S. governments		11		(1)		(7)		3
Corporate debt		220		(60)		(369)		(209)

RMBS		1,856		(194)		(2,090)		(428)
CMBS		192		(27)		(68)		97
CDO/ABS		1,021		(210)		(713)		98
Total bonds available for sale		3,558		(514)		(3,309)		(265)
Other bond securities:
RMBS		527		(16)		(122)		389
CMBS		-		(79)		(83)		(162)
CDO/ABS		236		(376)		(1,201)		(1,341)
Total other bond securities		763		(471)		(1,406)		(1,114)
Equity securities available for sale		-		(2)		(1)		(3)
Mortgage and other loans receivable		5		-		-		5
Other invested assets		497		(587)		(432)		(522)
Total assets	$	4,823	$	(1,574)	$	(5,148)	$	(1,899)
Liabilities:
Policyholder contract deposits	$	-	$	(307)	$	(23)	$	(330)
Derivative liabilities, net		18		-		233		251
Long-term debt^(b)		-		-		18		18
Total liabilities	$	18	$	(307)	$	228	$	(61)
Nine Months Ended September 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions^(c)	$	1,002	$	(35)	$	(71)	$	896
Non-U.S. governments		8		-		(1)		7
Corporate debt		141		(8)		(273)		(140)
RMBS		2,814		(88)		(1,727)		999
CMBS		368		(224)		(187)		(43)
CDO/ABS		2,307		(70)		(811)		1,426
Total bonds available for sale		6,640		(425)		(3,070)		3,145
Other bond securities:
RMBS		162		(22)		(107)		33
CMBS		-		(15)		(136)		(151)
CDO/ABS		50		(19)		(1,369)		(1,338)
Total other bond securities		212		(56)		(1,612)		(1,456)
Equity securities available for sale		-		-		-		-
Mortgage and other loans receivable		6		-		-		6
Other invested assets		709		(1)		(609)		99
Total assets	$	7,567	$	(482)	$	(5,291)	$	1,794
Liabilities:
Policyholder contract deposits	$	-	$	(94)	$	118	$	24
Derivative liabilities, net		1		(2)		(1)		(2)
Long-term debt^(b)		-		-		34		34
Total liabilities	$	1	$	(96)	$	151	$	56

(a) There were no issuances during the three- and nine-month periods ended September 30, 2015 and 2014, respectively.

(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, 2015 and 2014 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 classification at their fair values as of the end of each reporting period, consistent with the date of the determination of fair value. The Net realized and unrealized gains (losses) included in income (loss) or Other comprehensive income (loss) as shown in the table above excludes $17 million and $35 million of net gains related to assets and liabilities transferred into Level 3 during the three- and nine-month periods ended September 30, 2015, respectively, and includes $3 million and $6 million of net gains related to assets and liabilities transferred out of Level 3 during the three- and nine-month periods ended September 30, 2015, respectively.

The Net realized and unrealized gains (losses) included in income (loss) or Other comprehensive income (loss) as shown in the table above excludes $2 million of net losses and $35 million of net gains related to assets and liabilities transferred into Level 3 during the three- and nine-month periods ended September 30, 2014, respectively, and includes $52 million and $50 million of net gains related to assets and liabilities transferred out of Level 3 during the three- and nine-month periods ended September 30, 2014, respectively.

Transfers of Level 3 Assets

During the three- and nine-month periods ended September 30, 2015 and 2014, transfers into Level 3 assets primarily included certain investments in RMBS, CDO/ABS and private placement corporate debt. The transfers of investments in RMBS and CDO/ABS into Level 3 assets were due to decreases in market transparency and liquidity for individual security types. Transfers of investments in private placement corporate debt into Level 3 assets were primarily the result of limited market pricing information that required us to determine fair value for these securities based on inputs that are adjusted to better reflect our own assumptions regarding the characteristics of a specific security or associated market liquidity.

During the three- and nine-month periods ended September 30, 2015 and 2014, transfers out of Level 3 assets primarily related to certain investments in corporate debt, RMBS, CDO/ABS, and investments in hedge funds. Transfers of certain investments in corporate debt, RMBS, and CDO/ABS out of Level 3 assets were based on consideration of market liquidity as well as related transparency of pricing and associated observable inputs for these investments. The transfers of certain hedge fund investments out of Level 3 assets were primarily the result of easing of certain fund-imposed redemption restrictions.

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, 2015 and 2014.

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 third-party valuation service providers and from internal valuation models. Because input information from third-parties with respect to certain Level 3 instruments (primarily CDO/ABS) may not be reasonably available to us, balances shown below may not equal total amounts reported for such Level 3 assets and liabilities:

	Fair Value at
	September 30,		Valuation		Range
(in millions)	2015		Technique	Unobservable Input	(Weighted Average)
Assets:

Obligations of states,	$	1,199	Discounted cash flow	Yield^(b)	4.34% - 5.16% (4.75%)
municipalities and
political subdivisions

Corporate debt		1,506	Discounted cash flow	Yield^(b)	3.91% - 5.80% (4.85%)


RMBS		17,609	Discounted cash flow	Constant prepayment rate^(a)(c)	0.93% - 8.91% (4.92%)
				Loss severity^(a)(c)	45.29% - 77.96% (61.63%)
				Constant default rate^(a)(c)	3.47% - 9.01% (6.24%)
				Yield^(c)	3.02% - 5.96% (4.49%)

CDO/ABS		3,217	Discounted cash flow	Yield^(c)	2.79% - 4.33% (3.56%)

CMBS		2,656	Discounted cash flow	Yield^(b)	0.00% - 18.45% (6.07%)
Liabilities:

Policyholder contract
deposits

GMWB		1,392	Discounted cash flow	Equity implied volatility^(b)	6.00% - 39.00%^(d)
				Base lapse rate^(b)	0.50% - 30.00%^(d)
				Dynamic lapse rate^(b)	0.07% - 45.00%^(d)
				Mortality rate^(b)	0.05% - 35.00%^(d)
				Utilization rate^(b)	1.00% - 65.00%^(d)

Index Annuities		556	Discounted cash flow	Lapse rate	0.75% - 66.00%^(d)
				Mortality rate	0.02% - 44.06%^(d)

Indexed Life		295	Discounted cash flow	Equity implied volatility	10.00% to 25.00%^(d)
				Base lapse rate	2.00% to 19.00%^(d)
				Mortality rate	0.00% to 20.00%^(d)


		Fair Value at
		December 31,	Valuation		Range
(in millions)		2014	Technique	Unobservable Input	(Weighted Average )
Assets:

Obligations of states,	$	1,178	Discounted cash flow	Yield^(b)	3.9% - 4.62% (4.26%)
municipalities and
political subdivisions

Corporate debt		1,145	Discounted cash flow	Yield^(b)	3.46% - 8.75% (6.10%)


RMBS		17,353	Discounted cash flow	Constant prepayment rate^(a)(c)	0.59% - 9.35% (4.97%)
				Loss severity^(a)(c)	46.04% - 79.56% (62.80%)
				Constant default rate^(a)(c)	3.67% - 9.96% (6.82%)
				Yield^(c)	2.67% - 6.64% (4.65%)

CDO/ABS		5,282	Discounted cash flow	Yield^(c)	4.70% - 9.70% (7.10%)

CMBS		2,687	Discounted cash flow	Yield^(b)	0.00% - 17.29% (6.06%)
Liabilities:

Policyholder contract
deposits

GMWB		890	Discounted cash flow	Equity implied volatility^(b)	6.00% - 39.00%^(d)
				Base lapse rate^(b)	1.00% - 40.00%^(d)
				Dynamic lapse rate^(b)	0.20% - 60.00%^(d)
				Mortality rate^(b)	0.10% - 35.00%^(d)
				Utilization rate^(b)	0.50% - 30.00%^(d)

Index Annuities		294	Discounted cash flow	Lapse rate	0.75% - 66.00%^(d)
				Mortality rate	0.02% - 44.06%^(d)

Indexed Life		259	Discounted cash flow	Equity implied volatility	10.00% to 25.00%^(d)
				Base lapse rate	2.00% to 19.00%^(d)
				Mortality rate	0.00% to 20.00%^(d)

Total derivative
liabilities, net^(e)		791	BET	Recovery rate^(b)	5.00% - 23.00% (13.00%)
				Diversity score^(b)	8 - 25 (13)
				Weighted average life^(b)	2.67 - 10.49 years (4.65 years)

(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 fair values of 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.

(d) Represents actual maximum and minimum, not weighted average rates.

(e) Beginning in the third quarter of 2015, we have begun valuing these transactions using prices obtained from vendors and/or counterparties and discontinued use of the BET model.

The ranges of reported inputs for Corporate debt, RMBS, CDO/ABS, and CMBS valued using a discounted cash flow technique consist of 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 paragraphs provide 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 discussed below. 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.

Obligations of States, Municipalities and Political Subdivisions

The significant unobservable input used in the fair value measurement of certain investments in obligations of states, municipalities and political subdivisions is yield. In general, increases in the yield would decrease the fair value of investments in obligations of states, municipalities and political subdivisions.

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 security. 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 CDO/ABS

The significant unobservable inputs used in fair value measurements of RMBS and 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.

Policyholder contract deposits

Embedded derivatives within Policyholder contract deposits relate to guaranteed minimum withdrawal benefits (GMWB) within variable annuity products and certain enhancements to interest crediting rates based on market indices within equity-index annuities and guaranteed investment contracts (GICs). GMWB represents our largest exposure of these embedded derivatives. The carrying value of the GMWB may fluctuate significantly based on interest rates and the performance of the equity markets and therefore, at certain points in time, the carrying value may be a net asset rather than a net liability. The principal unobservable input used for GMWBs and embedded derivatives in equity-index annuities measured at fair value is equity implied volatility. For GMWBs, other significant unobservable inputs include 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 Derivative liabilities – credit contracts are recovery rates, diversity scores, and the weighted average life of the portfolio. AIG non-performance risk is also considered in the measurement of the liability.

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 and hedge funds 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 to measure fair value.

		September 30, 2015				December 31, 2014
			Fair Value Using Net Asset Value Per Share (or its equivalent)				Fair Value Using Net Asset Value Per Share (or its equivalent)

					Unfunded				Unfunded
(in millions)	Investment Category Includes				Commitments				Commitments
Investment Category
Private equity funds:
Leveraged buyout	Debt and/or equity investments made as part of a transaction in which assets of mature companies are acquired from the current shareholders, typically with the use of financial leverage	$	1,941	$	423	$	2,275	$	450

Real Estate / Infrastructure	Investments in real estate properties and infrastructure positions, including power plants and other energy generating facilities		328		202		384		227

Venture capital	Early-stage, high-potential, growth companies expected to generate a return through an eventual realization event, such as an initial public offering or sale of the company		118		53		121		26

Distressed	Securities of companies that are in default, under bankruptcy protection, or troubled		158		42		164		43

Other	Includes multi-strategy, mezzanine and other strategies		288		260		216		234
Total private equity funds			2,833		980		3,160		980
Hedge funds:
Event-driven	Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations		1,242		-		1,109		-

Long-short	Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk		2,998		8		2,428		1

Macro	Investments that take long and short positions in financial instruments based on a top-down view of certain economic and capital market conditions		552		-		498		-

Distressed	Securities of companies that are in default, under bankruptcy protection or troubled		736		10		731		5

Emerging markets	Investments in the financial markets of developing countries		358		-		308		-

Other	Includes multi-strategy, relative value and other strategies		162		-		125		-
Total hedge funds			6,048		18		5,199		6
Total		$	8,881	$	998	$	8,359	$	986

Private equity fund investments included above are not redeemable, because 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, 2015, assuming average original expected lives of 10 years for the funds, 82 percent of the total fair value using net asset value per share (or its equivalent) presented above would have expected remaining lives of three years or less, 5 percent between four and six years and 13 percent between seven and 10 years.

The hedge fund investments included above are generally redeemable monthly (14 percent), quarterly (48 percent), semi-annually (14 percent) and annually (24 percent), with redemption notices ranging from one day to 180 days. At September 30, 2015, however, investments representing approximately 45 percent of the total fair value of the hedge fund investments cannot be 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 the fund’s inception or thereafter, have pre-defined end dates and are generally expected to be lifted by the end of 2016. 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 and losses recorded related to the eligible instruments for which we elected the fair value option:

	Gain (Loss) Three Months Ended September 30,				Gain (Loss) Nine Months Ended September 30,
	Gain (Loss) Three Months Ended September 30,				Gain (Loss) Nine Months Ended September 30,
(in millions)		2015		2014		2015		2014
Assets:
Bond and equity securities	$	(106)	$	252	$	495	$	1,529
Alternative Investments^(a)		(115)		73		148		245
Other, including Short-term investments		-		2		2		7
Liabilities:
Long-term debt^(b)		(144)		23		(89)		(186)
Other liabilities		-		(4)		(3)		(10)
Total gain (loss)	$	(365)	$	346	$	553	$	1,585

(a) Includes hedge funds, private equity funds and other investment partnerships.

(b) Includes GIAs, notes, bonds, loans and mortgages payable.

We recognized losses of $18 million and $7 million during the three- and nine-month periods ended September 30, 2015, respectively, and gains of $8 million and losses of $14 million during the three- and nine-month periods ended September 30, 2014, 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:

	September 30, 2015						December 31, 2014
			Outstanding						Outstanding
(in millions)	Fair Value		Principal Amount		Difference		Fair Value		Principal Amount		Difference
Assets:
Mortgage and other loans receivable	$	11	$	9	$	2	$	6	$	4	$	2
Liabilities:
Long-term debt^*	$	3,985	$	2,883	$	1,102	$	5,466	$	4,101	$	1,365

* Includes GIAs, notes, bonds, loans and mortgages payable.

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:

	Assets at Fair Value								Impairment Charges
	Non-Recurring Basis								Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	Level 1		Level 2		Level 3			Total		2015		2014		2015		2014
September 30, 2015
Other investments	$	-	$	-	$	986	$	986	$	22	$	62	$	74	$	117
Investments in life settlements		-		-		633		633		58		52		200		139
Other assets		-		-		12		12		4		1		12		2
Total	$	-	$	-	$	1,631	$	1,631	$	84	$	115	$	286	$	258
December 31, 2014
Other investments	$	-	$	-	$	790	$	790
Investments in life settlements		-		-		537		537
Other assets		-		-		1		1
Total	$	-	$	-	$	1,328	$	1,328

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:

	Estimated Fair Value									Carrying
(in millions)		Level 1		Level 2		Level 3		Total		Value
September 30, 2015
Assets:
Mortgage and other loans receivable	$	-	$	202	$	29,134	$	29,336	$	28,225
Other invested assets		-		486		3,000		3,486		4,338
Short-term investments		-		9,675		-		9,675		9,675
Cash		1,569		-		-		1,569		1,569
Liabilities:
Policyholder contract deposits associated
with investment-type contracts		-		268		115,672		115,940		107,422
Other liabilities		-		1,756		-		1,756		1,756
Long-term debt		-		22,993		4,742		27,735		26,734
December 31, 2014
Assets:
Mortgage and other loans receivable	$	-	$	449	$	26,157	$	26,606	$	24,984
Other invested assets		-		593		2,882		3,475		4,352
Short-term investments		-		9,559		-		9,559		9,559
Cash		1,758		-		-		1,758		1,758
Liabilities:
Policyholder contract deposits associated
with investment-type contracts		-		244		119,268		119,512		106,395
Other liabilities		-		1,120		-		1,120		1,120
Long-term debt		-		24,749		2,932		27,681		25,751

- Definition

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.

+ References+ Details

INVESTMENTS

9 Months Ended

Sep. 30, 2015

INVESTMENTS

INVESTMENTS

5. INVESTMENTS

Securities Available for Sale

The following table presents the amortized cost or cost and fair value of our available for sale securities:

										Other-Than-
		Amortized		Gross		Gross				Temporary
		Cost or		Unrealized		Unrealized		Fair		Impairments
(in millions)		Cost		Gains		Losses		Value		in AOCI^(a)
September 30, 2015
Bonds available for sale:
U.S. government and government sponsored entities	$	1,705	$	179	$	(2)	$	1,882	$	-
Obligations of states, municipalities and political subdivisions		26,305		1,361		(120)		27,546		16
Non-U.S. governments		17,940		818		(330)		18,428		-
Corporate debt		134,852		8,032		(2,762)		140,122		21
Mortgage-backed, asset-backed and collateralized:
RMBS		32,891		3,046		(312)		35,625		1,479
CMBS		13,014		775		(72)		13,717		206
CDO/ABS		15,278		505		(149)		15,634		40
Total mortgage-backed, asset-backed and collateralized		61,183		4,326		(533)		64,976		1,725
Total bonds available for sale^(b)		241,985		14,716		(3,747)		252,954		1,762
Equity securities available for sale:
Common stock		986		1,993		(18)		2,961		-
Preferred stock		19		4		-		23		-
Mutual funds		801		43		(36)		808		-
Total equity securities available for sale		1,806		2,040		(54)		3,792		-
Total	$	243,791	$	16,756	$	(3,801)	$	256,746	$	1,762
December 31, 2014
Bonds available for sale:
U.S. government and government sponsored entities	$	2,806	$	204	$	(18)	$	2,992	$	-
Obligations of states, municipalities and political subdivisions		25,979		1,729		(49)		27,659		(13)
Non-U.S. governments		20,280		966		(151)		21,095		-
Corporate debt		134,961		10,594		(1,122)		144,433		64
Mortgage-backed, asset-backed and collateralized:
RMBS		34,377		3,435		(292)		37,520		1,767
CMBS		12,129		815		(59)		12,885		215
CDO/ABS		12,775		628		(128)		13,275		47
Total mortgage-backed, asset-backed and collateralized		59,281		4,878		(479)		63,680		2,029
Total bonds available for sale^(b)		243,307		18,371		(1,819)		259,859		2,080
Equity securities available for sale:
Common stock		1,185		2,461		(17)		3,629		-
Preferred stock		21		4		-		25		-
Mutual funds		724		54		(37)		741		-
Total equity securities available for sale		1,930		2,519		(54)		4,395		-
Total	$	245,237	$	20,890	$	(1,873)	$	264,254	$	2,080

(a) Represents the amount of other-than-temporary impairments recognized in Accumulated other comprehensive income. Amount includes unrealized gains and losses on impaired securities relating to changes in the fair value of such securities subsequent to the impairment measurement date.

(b) At September 30, 2015 and December 31, 2014, bonds available for sale held by us that were below investment grade or not rated totaled $35.4 billion and $35.1 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, aggregated by major investment category and length of time that individual securities have been in a continuous unrealized loss position:

	Less than 12 Months				12 Months or More				Total
				Gross				Gross				Gross
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(in millions)		Value		Losses		Value		Losses		Value		Losses
September 30, 2015
Bonds available for sale:
U.S. government and government sponsored entities	$	121	$	2	$	1	$	-	$	122	$	2
Obligations of states, municipalities and political
subdivisions		3,190		103		259		17		3,449		120
Non-U.S. governments		4,140		194		725		136		4,865		330
Corporate debt		32,818		1,858		4,664		904		37,482		2,762
RMBS		5,056		82		4,146		230		9,202		312
CMBS		2,239		46		571		26		2,810		72
CDO/ABS		4,686		44		2,018		105		6,704		149
Total bonds available for sale		52,250		2,329		12,384		1,418		64,634		3,747
Equity securities available for sale:
Common stock		96		18		6		-		102		18
Mutual funds		297		28		16		8		313		36
Total equity securities available for sale		393		46		22		8		415		54
Total	$	52,643	$	2,375	$	12,406	$	1,426	$	65,049	$	3,801
December 31, 2014
Bonds available for sale:
U.S. government and government sponsored entities	$	526	$	5	$	281	$	13	$	807	$	18
Obligations of states, municipalities and political
subdivisions		495		9		794		40		1,289		49
Non-U.S. governments		1,606		42		1,690		109		3,296		151
Corporate debt		12,132		450		11,570		672		23,702		1,122
RMBS		4,621		109		3,996		183		8,617		292
CMBS		220		1		2,087		58		2,307		59
CDO/ABS		3,857		50		1,860		78		5,717		128
Total bonds available for sale		23,457		666		22,278		1,153		45,735		1,819
Equity securities available for sale:
Common stock		88		16		2		1		90		17
Mutual funds		280		37		64		-		344		37
Total equity securities available for sale		368		53		66		1		434		54
Total	$	23,825	$	719	$	22,344	$	1,154	$	46,169	$	1,873

At September 30, 2015, we held 12,631 and 198 individual fixed maturity and equity securities, respectively, that were in an unrealized loss position, of which 1,966 individual fixed maturity securities were in a continuous unrealized loss position for 12 months or more. We did not recognize the unrealized losses in earnings on these fixed maturity securities at September 30, 2015 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. 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 Fixed Maturity Securities Available for Sale

The following table presents the amortized cost and fair value of fixed maturity securities available for sale by contractual maturity:

	Total Fixed Maturity Securities				Fixed Maturity Securities in a Loss
September 30, 2015	Available for Sale				Position Available for Sale
(in millions)		Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	10,295	$	10,412	$	945	$	926
Due after one year through five years		46,854		49,320		7,176		6,915
Due after five years through ten years		55,985		57,443		17,681		16,601
Due after ten years		67,668		70,803		23,330		21,476
Mortgage-backed, asset-backed and collateralized		61,183		64,976		19,249		18,716
Total	$	241,985	$	252,954	$	68,381	$	64,634
December 31, 2014
Due in one year or less	$	9,821	$	9,975	$	637	$	620
Due after one year through five years		48,352		50,873		6,669		6,529
Due after five years through ten years		62,685		65,889		12,873		12,338
Due after ten years		63,168		69,442		10,255		9,607
Mortgage-backed, asset-backed and collateralized		59,281		63,680		17,120		16,641
Total	$	243,307	$	259,859	$	47,554	$	45,735

Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay certain obligations with or without call or prepayment penalties.

The following table presents the gross realized gains and gross realized losses from sales or maturities of our available for sale securities:

	Three Months Ended September 30,								Nine Months Ended September 30,
		2015				2014			2015					2014
		Gross		Gross		Gross		Gross		Gross		Gross		Gross		Gross
	Realized		Realized		Realized		Realized		Realized		Realized		Realized			Realized
(in millions)		Gains		Losses		Gains		Losses		Gains		Losses		Gains		Losses
Fixed maturity securities	$	96	$	112	$	118	$	21	$	439	$	289		$	528	$	65
Equity securities		24		8		33		4		544		16			102		10
Total	$	120	$	120	$	151	$	25	$	983	$	305		$	630	$	75

For the three- and nine-month periods ended September 30, 2015, the aggregate fair value of available for sale securities sold was $6.9 billion and $20.9 billion, respectively, which resulted in net realized capital gains of zero and $0.7 billion, respectively.

For the three- and nine-month periods ended September 30, 2014, the aggregate fair value of available for sale securities sold was $4.2 billion and $16.2 billion, respectively, which resulted in net realized capital gains of $0.1 billion and $0.5 billion, respectively.

Other Securities Measured at Fair Value

The following table presents the fair value of other securities measured at fair value based on our election of the fair value option:

		September 30, 2015				December 31, 2014
		Fair	Percent			Fair	Percent
(in millions)		Value	of Total			Value	of Total
Fixed maturity securities:
U.S. government and government sponsored entities	$	3,813	21	%	$	5,498	27	%
Obligations of states, municipalities and political subdivisions		75	-			122	1
Non-U.S. governments		2	-			2	-
Corporate debt		1,249	7			719	3
Mortgage-backed, asset-backed and collateralized:
RMBS		2,285	13			2,094	10
CMBS		819	5			1,077	5
CDO/ABS and other collateralized^*		8,579	48			10,200	49
Total mortgage-backed, asset-backed and collateralized		11,683	66			13,371	64
Total fixed maturity securities		16,822	94			19,712	95
Equity securities		1,066	6			1,049	5
Total	$	17,888	100	%	$	20,761	100	%

* Includes $748 million and $859 million of U.S. Government agency-backed ABS at September 30, 2015 and December 31, 2014, respectively.

Net Investment Income

The following table presents the components of Net investment income:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2015		2014		2015		2014
Fixed maturity securities, including short-term investments	$	2,794	$	3,022	$	8,477	$	9,264
Equity securities		(5)		135		76		67
Interest on mortgage and other loans		360		318		1,046		947
Alternative investments^*		88		636		1,471		2,108
Real estate		66		25		116		86
Other investments		36		25		86		34
Total investment income		3,339		4,161		11,272		12,506
Investment expenses		133		133		402		398
Net investment income	$	3,206	$	4,028	$	10,870	$	12,108

* Includes hedge funds, private equity funds, affordable housing partnerships, investments in life settlements and other investment partnerships.

Net Realized Capital Gains and Losses

The following table presents the components of Net realized capital gains (losses):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2015		2014		2015			2014
Sales of fixed maturity securities	$	(16)	$	97	$	150		$	463
Sales of equity securities		16		29		528			92
Other-than-temporary impairments:
Severity		(10)		-		(12)			-
Change in intent		(81)		(14)		(193)			(20)
Foreign currency declines		(5)		(3)		(37)			(13)
Issuer-specific credit events		(176)		(31)		(314)			(124)
Adverse projected cash flows		(1)		(2)		(9)			(7)
Provision for loan losses		32		(11)		43			9
Foreign exchange transactions		(16)		350		304			329
Derivative instruments		13		102		509			(114)
Impairments on investments in life settlements		(58)		(52)		(200)			(139)
Other		(40)		71		356	^*		70
Net realized capital gains (losses)	$	(342)	$	536	$	1,125		$	546

* Includes realized gains due to the sale of Class B shares of Prudential Financial, Inc. and common shares of Springleaf Holdings, Inc. and realized losses on the sale of ordinary shares of AerCap.

Change in Unrealized Appreciation (Depreciation) of Investments

The following table presents the increase (decrease) in unrealized appreciation (depreciation) of our available for sale securities and other investments:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2015		2014		2015		2014
Increase (decrease) in unrealized appreciation (depreciation) of investments:
Fixed maturity securities	$	(1,180)	$	(1,515)	$	(5,583)	$	6,123
Equity securities		(384)		303		(479)		348
Other investments		(85)		94		(625)		127
Total Increase (decrease) in unrealized appreciation (depreciation) of investments	$	(1,649)	$	(1,118)	$	(6,687)	$	6,598

Evaluating Investments for Other-Than-Temporary Impairments

For a discussion of our policy for evaluating investments for other-than-temporary impairments, see Note 6 to the Consolidated Financial Statements in the 2014 Annual Report.

Credit Impairments

The following table presents a rollforward of the cumulative credit losses in other-than-temporary impairments recognized in earnings for available for sale fixed maturity securities:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2015		2014		2015		2014
Balance, beginning of period	$	2,238	$	3,166	$	2,659	$	3,872
Increases due to:
Credit impairments on new securities subject to impairment losses		51		13		101		35
Additional credit impairments on previously impaired securities		37		5		84		59
Reductions due to:
Credit impaired securities fully disposed of for which there was no
prior intent or requirement to sell		(63)		(116)		(213)		(528)
Credit impaired securities for which there is a current intent or
anticipated requirement to sell		(1)		-		(1)		-
Accretion on securities previously impaired due to credit^*		(197)		(183)		(565)		(544)
Other		-		-		-		(9)
Balance, end of period	$	2,065	$	2,885	$	2,065	$	2,885

* 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

We purchase certain RMBS securities that have experienced deterioration in credit quality since their issuance. We determine, based on our expectations as to the timing and amount of cash flows expected to be received, whether it is probable at acquisition that we will 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 is 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 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:

(in millions)	At Date of Acquisition
Contractually required payments (principal and interest)	$	32,656
Cash flows expected to be collected^*		26,444
Recorded investment in acquired securities		17,662

* Represents undiscounted expected cash flows, including both principal and interest.

(in millions)	September 30, 2015		December 31, 2014
Outstanding principal balance	$	17,017	$	16,962
Amortized cost		12,408		12,216
Fair value		13,426		13,462

The following table presents activity for the accretable yield on PCI securities:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2015		2014		2015		2014
Balance, beginning of period	$	6,833	$	7,042	$	6,865	$	6,940
Newly purchased PCI securities		136		358		551		1,127
Disposals		-		-		(13)		-
Accretion		(220)		(223)		(661)		(654)
Effect of changes in interest rate indices		4		(96)		(140)		(327)
Net reclassification from (to) non-accretable difference,
including effects of prepayments		180		30		331		25
Balance, end of period	$	6,933	$	7,111	$	6,933	$	7,111

Pledged Investments

Secured Financing and Similar Arrangements

We enter into secured financing transactions whereby certain securities are 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. At September 30, 2015, our secured financing transactions also include those that involve the transfer of securities to financial institutions in exchange for cash (securities lending agreements). In all of these secured financing transactions, the securities transferred by us (pledged collateral) may be sold or repledged by the counterparties. These agreements are recorded at their contracted amounts plus accrued interest, other than those that are accounted for at fair value.

Pledged collateral levels are monitored daily and are generally maintained at an agreed-upon percentage of the fair value of the amounts borrowed during the life of the transactions. In the event of a decline in the fair value of the pledged collateral under these secured financing transactions, we may be required to transfer cash or additional securities as pledged collateral under these agreements. At the termination of the transactions, we and our counterparties are obligated to return the amounts borrowed and the securities transferred, respectively.

The following table presents the fair value of securities pledged to counterparties under secured financing transactions, including repurchase and securities lending agreements:

(in millions)		September 30, 2015		December 31, 2014
Fixed maturity securities available for sale	$	996	$	-
Other bond securities, at fair value	$	994	$	2,122

At September 30, 2015, amounts borrowed under repurchase and securities lending agreements totaled $1.9 billion.

At September 30, 2015, outstanding overnight and continuous repurchase agreements were collateralized by U.S. government bond securities, at fair value, of $155 million. Repurchase agreements with remaining contractual maturities of 31 - 90 days, 91 - 364 days and 365 days or greater were collateralized by Corporate bond securities, at fair value, of $73 million, $690 million, and $76 million, respectively. Repurchase agreements with remaining contractual maturities up to 30 days were collateralized by U.S. government bond securities, available for sale, of $15 million.

Securities lending agreements outstanding at September 30, 2015 had remaining contractual maturities of 31 - 90 days and the securities pledged to counterparties included $856 million of Corporate bond securities and $125 million of Non-U.S. government securities, all classified as available for sale.

We also enter into agreements in which securities are purchased by us 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. 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 this collateral received.

The following table presents information on the fair value of securities pledged to us under reverse repurchase agreements:

(in millions)		September 30, 2015		December 31, 2014
Securities collateral pledged to us	$	2,969	$	2,506
Amount sold or repledged by us	$	126	$	131

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 $5.5 billion and $5.9 billion at September 30, 2015 and December 31, 2014, respectively.

Other Pledges and Restrictions

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 $48 million and $44 million of stock in FHLBs at September 30, 2015 and December 31, 2014, respectively. In addition, our subsidiaries have pledged securities available for sale with a fair value of $1.2 billion and $0.5 billion at September 30, 2015 and December 31, 2014, 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 was approximately $2.6 billion and $3.5 billion at September 30, 2015 and December 31, 2014, respectively. 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.

At September 30, 2015, $391 million of short-term investments were held in escrow accounts or were otherwise subject to restriction as to their use.

- Definition

The entire disclosure for investments in certain debt and equity securities.

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+ Details

LENDING ACTIVITIES

9 Months Ended

Sep. 30, 2015

LENDING ACTIVITIES

LENDING ACTIVITIES

6. LENDING ACTIVITIES

The following table presents the composition of Mortgage and other loans receivable, net:

	September 30,			December 31,
(in millions)		2015		2014
Commercial mortgages^*	$	20,818	$	18,909
Life insurance policy loans		2,625		2,710
Commercial loans, other loans and notes receivable		4,999		3,642
Total mortgage and other loans receivable		28,442		25,261
Allowance for losses		(206)		(271)
Mortgage and other loans receivable, net	$	28,236	$	24,990

* Commercial mortgages primarily represent loans for offices, retail, apartments and industrial properties, with exposures in California and New York representing the largest geographic concentrations (aggregating approximately 12 percent and 21 percent, respectively, at September 30, 2015, and 14 percent and 18 percent, respectively, at December 31, 2014).

The following table presents the credit quality indicators for commercial mortgages:

	Number															Percent
	of	Class														of
(dollars in millions)	Loans	Apartments			Offices		Retail	Industrial			Hotel		Others		Total^(c)	Total $
September 30, 2015
Credit Quality Indicator:
In good standing	956	$	3,628	$	7,375	$	4,435	$	1,980	$	1,972	$	1,030	$	20,420	98	%
Restructured^(a)	9		-		150		25		18		16		6		215	1
90 days or less delinquent	5		-		-		-		6		-		-		6	-
>90 days delinquent or in
process of foreclosure	5		-		177		-		-		-		-		177	1
Total^(b)	975	$	3,628	$	7,702	$	4,460	$	2,004	$	1,988	$	1,036	$	20,818	100	%
Allowance for loan losses		$	29	$	62	$	35	$	14	$	13	$	9	$	162	1	%

December 31, 2014
Credit Quality Indicator:
In good standing	1,007	$	3,384	$	6,100	$	3,807	$	1,689	$	1,660	$	1,812	$	18,452	98	%
Restructured^(a)	7		-		343		7		-		17		-		367	2
90 days or less delinquent	6		-		-		10		-		-		5		15	-
>90 days delinquent or in
process of foreclosure	4		-		75		-		-		-		-		75	-
Total^(b)	1,024	$	3,384	$	6,518	$	3,824	$	1,689	$	1,677	$	1,817	$	18,909	100	%
Allowance for loan losses		$	3	$	86	$	28	$	22	$	6	$	14	$	159	1	%

(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 7 to the Consolidated Financial Statements in the 2014 Annual Report.

(b) Does not reflect Allowance for loan losses.

(c) Over 99 percent of the commercial mortgages held at such respective dates were current as to payments of principal and interest.

Allowance for Loan Losses

See Note 7 to the Consolidated Financial Statements in the 2014 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:

	2015						2014
Nine Months Ended September 30,		Commercial		Other				Commercial		Other
(in millions)		Mortgages		Loans		Total		Mortgages		Loans		Total
Allowance, beginning of year	$	159	$	112	$	271	$	201	$	111	$	312
Loans charged off		(23)		(6)		(29)		(10)		(13)		(23)
Recoveries of loans previously charged off		4		1		5		-		16		16
Net charge-offs		(19)		(5)		(24)		(10)		3		(7)
Provision for loan losses		22		(66)		(44)		(16)		(6)		(22)
Other		-		3		3		-		1		1
Allowance, end of period	$	162 ^*	$	44	$	206	$	175 ^*	$	109	$	284

* Of the total allowance, $24 million and $86 million relate to individually assessed credit losses on $512 million and $246 million of commercial mortgage loans at September 30, 2015 and 2014, respectively.

During the nine-month periods ended September 30, 2015 and 2014, loans with a carrying value of $42 million and $83 million, respectively, were modified in troubled debt restructurings.

- Definition

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.

+ References+ Details

VARIABLE INTEREST ENTITIES

9 Months Ended

Sep. 30, 2015

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES

7. VARIABLE INTEREST ENTITIES

We enter into various arrangements with VIEs in the normal course of business and consolidate the VIEs when we determine we are the primary beneficiary. This analysis includes a review of the VIE’s capital structure, related contractual relationships and terms, nature of the VIE’s operations and purpose, nature of the VIE’s interests issued and our involvement with the entity. When assessing the need to consolidate a VIE, we evaluate the design of the VIE as well as the related risks the entity was designed to expose the variable interest holders to.

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 entity’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:

(in millions)		Real Estate and Investment Entities^(d)		Securitization Vehicles		Structured Investment Vehicle		Affordable Housing Partnerships		Other		Total
September 30, 2015
Assets:
Bonds available for sale	$	-	$	10,915	$	-	$	-	$	24	$	10,939
Other bond securities		-		6,310		451		-		37		6,798
Mortgage and other loans receivable		1		2,104		-		-		139		2,244
Other invested assets		546		583		-		2,644		23		3,796
Other ^(a)		54		814		73		247		91		1,279
Total assets^(b)(e)	$	601	$	20,726	$	524	$	2,891	$	314	$	25,056
Liabilities:
Long-term debt	$	23	$	1,145	$	54	$	1,538	$	6	$	2,766
Other ^(c)		51		249		-		186		71		557
Total liabilities	$	74	$	1,394	$	54	$	1,724	$	77	$	3,323
December 31, 2014
Assets:
Bonds available for sale	$	-	$	11,459	$	-	$	-	$	35	$	11,494
Other bond securities		-		7,251		615		-		40		7,906
Mortgage and other loans receivable		-		2,398		-		-		162		2,560
Other invested assets		577		651		-		1,684		29		2,941
Other ^(a)		40		1,447		140		49		76		1,752
Total assets^(b)	$	617	$	23,206	$	755	$	1,733	$	342	$	26,653
Liabilities:
Long-term debt	$	69	$	1,370	$	52	$	199	$	7	$	1,697
Other^(c)		32		276		-		101		37		446
Total liabilities	$	101	$	1,646	$	52	$	300	$	44	$	2,143

(a) Comprised primarily of Short-term investments, Premiums and other receivables and Other assets at both September 30, 2015 and December 31, 2014.

(b) The assets of each VIE can be used only to settle specific obligations of that VIE.

(c) Comprised primarily of Other liabilities and Derivative liabilities, at fair value, at both September 30, 2015 and December 31, 2014.

(d) At September 30, 2015 and December 31, 2014, off-balance sheet exposure, primarily consisting of commitments to real estate and investment entities, was $127.2 million and $56.4 million, respectively.

(e) Includes the effect of consolidating previously unconsolidated partnerships.

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:

			Maximum Exposure to Loss
		Total VIE		On-Balance		Off-Balance
(in millions)		Assets		Sheet^(a)		Sheet	Total
September 30, 2015
Real estate and investment entities	$	21,844	$	3,179	$	393 ^$	3,572
Affordable housing partnerships		5,262		1,004		-	1,004
Other		1,110		242		992 ^(b)	1,234
Total	$	28,216	$	4,425	$	1,385 ^$	5,810
December 31, 2014
Real estate and investment entities	$	19,949	$	2,785	$	454 ^$	3,239
Affordable housing partnerships		7,911		425		-	425
Other^(c)		1,959		304		992 ^(b)	1,296
Total	$	29,819	$	3,514	$	1,446 ^$	4,960

(a) At September 30, 2015 and December 31, 2014, $4.1 billion and $3.2 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets.

(b) These amounts represent our estimate of the maximum exposure to loss under certain insurance policies issued to VIEs if a hypothetical loss occurred to the extent of the full amount of the insured value. Our insurance policies cover defined risks and our estimate of liability is included in our insurance reserves on the balance sheet.

(c) The On-Balance and Off-Balance sheet amounts have been revised from $32 million and $0 to $304 million and $992 million, respectively, to correct the Maximum Exposure to Loss as of December 31, 2014, which are not considered material to previously issued financial statements.

See Note 10 to the Consolidated Financial Statements in the 2014 Annual Report for additional information on VIEs.

DERIVATIVES AND HEDGE ACCOUNTING

9 Months Ended

Sep. 30, 2015

DERIVATIVES AND HEDGE ACCOUNTING

DERIVATIVES AND HEDGE ACCOUNTING

8. 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 11 to the Consolidated Financial Statements in the 2014 Annual Report for a discussion of our accounting policies and procedures regarding derivatives and hedge accounting. Effective July 1, 2015, we reclassified derivatives, with the exception of embedded derivatives, in the Condensed Consolidated Balance Sheets from Derivative assets, at fair value and Derivative liabilities, at fair value to Other assets and Other liabilities, respectively. This change had no effect on the measurement of these derivatives, which continue to be measured at fair value. Embedded derivatives continue to be generally presented with the host contract in the Condensed Consolidated Balance Sheets.

Our businesses 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 may include, among other things, CDSs and purchases of investments with embedded derivatives, such as equity-linked notes and convertible bonds.

The following table presents the notional amounts of our derivative instruments, and the fair values of derivative assets and liabilities in the Condensed Consolidated Balance Sheets:

	September 30, 2015								December 31, 2014
	Gross Derivative Assets				Gross Derivative Liabilities				Gross Derivative Assets				Gross Derivative Liabilities
		Notional		Fair		Notional		Fair		Notional		Fair		Notional		Fair
(in millions)		Amount		Value		Amount		Value		Amount		Value		Amount		Value
Derivatives designated as
hedging instruments:^(a)
Interest rate contracts	$	915	$	5	$	25	$	2	$	155	$	-	$	25	$	2
Foreign exchange contracts		2,380		196		1,401		68		611		25		1,794		239
Equity contracts		15		2		113		5		7		1		104		13
Derivatives not designated
as hedging instruments:^(a)
Interest rate contracts		60,521		4,078		51,865		2,893		65,070		3,743		45,251		3,183
Foreign exchange contracts		11,904		640		9,111		1,147		13,667		815		8,516		1,251
Equity contracts^(b)		6,598		173		48,033		2,341		7,565		206		42,387		1,615
Commodity contracts		-		-		-		-		15		-		11		6
Credit contracts^(c)		4		3		1,323		531		5		4		5,288		982
Other contracts^(d)		35,974		27		250		79		36,155		31		538		90
Total derivatives, gross	$	118,311	$	5,124	$	112,121	$	7,066	$	123,250	$	4,825	$	103,914	$	7,381
Counterparty netting^(e)				(1,691)				(1,691)				(2,102)				(2,102)
Cash collateral^(f)				(2,129)				(910)				(1,119)				(1,429)
Total derivatives, net				1,304				4,465				1,604				3,850
Less: Bifurcated embedded derivatives				-				2,300				-				1,577
Total derivatives on condensed
consolidated balance sheets^(g)			$	1,304			$	2,165			$	1,604			$	2,273

(a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral.

(b) Notional amount of derivative assets and fair value of derivative assets, related to bifurcated embedded derivatives, were zero at both September 30, 2015 and December 31, 2014. Notional amount of derivative liabilities and fair value of derivative liabilities, related to bifurcated embedded derivatives, was $42.7 billion and $2.3 billion, respectively, at September 30, 2015, and $39.3 billion and $1.5 billion, respectively, at December 31, 2014. A bifurcated embedded derivative is generally presented with the host contract in the Condensed Consolidated Balance Sheets.

(c) As of September 30, 2015 and December 31, 2014, includes super senior multi-sector CDOs with a net notional amount of $1.1 billion and $2.6 billion (fair value liability of $504 million and $947 million), respectively. The expected weighted average maturity as of September 30, 2015 is six years. Because of long-term maturities of the credit default swaps (CDSs) in the 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 portfolio. As of September 30, 2015, there were no super senior corporate debt/CLOs remaining. As of December 31, 2014, includes super senior corporate debt/CLOs with a net notional amount of $2.5 billion (fair value liability of $7 million).

(d) Consists primarily of contracts with multiple underlying exposures.

(e) Represents netting of derivative exposures covered by a qualifying master netting agreement.

(f) Represents cash collateral posted and received that is eligible for netting.

(g) Derivative assets and liabilities are recorded in Other Assets and Liabilities, respectively.

Collateral

We engage in derivative transactions that are not subject to a clearing requirement directly with unaffiliated third parties, in most cases, under International Swaps and Derivatives Association, Inc. (ISDA) Master Agreements. Many of the ISDA Master Agreements also include Credit Support Annex (CSA) provisions, which provide for collateral postings that may vary at various ratings and threshold levels. We attempt to reduce our risk with certain counterparties by entering into agreements that enable collateral to be obtained from a counterparty on an upfront or contingent basis. We minimize the risk that counterparties might be unable to fulfill their contractual obligations by monitoring counterparty credit exposure and collateral value and generally requiring additional collateral to be posted upon the occurrence of certain events or circumstances. In addition, certain derivative transactions have provisions that require collateral to be posted upon a downgrade of our long-term debt ratings or give the counterparty the right to terminate the transaction. In the case of some of the derivative transactions, upon a downgrade of our long-term debt ratings, as an alternative to posting collateral and subject to certain conditions, we may assign the transaction to an obligor with higher debt ratings or arrange for a substitute guarantee of our obligations by an obligor with higher debt ratings or take other similar action. The actual amount of collateral required to be posted to counterparties in the event of such downgrades, or the aggregate amount of payments that we could be required to make, depends on market conditions, the fair value of outstanding affected transactions and other factors prevailing at and after the time of the downgrade.

Collateral posted by us to third parties for derivative transactions was $3.1 billion and $3.3 billion at September 30, 2015 and December 31, 2014, 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 $2.2 billion and $1.3 billion at September 30, 2015 and December 31, 2014, respectively. We generally can repledge or resell this collateral.

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 the 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 governing multiple derivative transactions between two counterparties. The ISDA Master Agreement generally provides for the net settlement of all, or a specified group, of these derivative transactions, as well as transferred collateral, through a single payment, and in a single currency, as applicable. The net settlement provisions apply in the event of a default on, or affecting any, one derivative transaction or a termination event affecting all, or a specified group of, derivative transactions governed by the ISDA Master Agreement.

Hedge Accounting

We designated certain derivatives entered into 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 and cross currency swaps 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 swaps entered into with third parties as fair value hedges of fixed rate GICs attributable to changes in benchmark interest 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 our non-U.S. dollar functional currency foreign subsidiaries. For net investment hedge relationships where issued debt is used as a hedging instrument, we assess the hedge effectiveness and measure the amount of ineffectiveness based on changes in spot rates. For net investment hedge relationships that use derivatives as hedging instruments, we assess hedge effectiveness and measure hedge ineffectiveness using changes in forward rates. For the three- and nine-month periods ended September 30, 2015, we recognized gains of $14 million and $87 million, respectively, and for the three- and nine-month periods ended September 30, 2014, we recognized gains of $104 and $107 million, respectively, included in Change in foreign currency translation adjustment 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 (Loss):

	Gains/(Losses) Recognized in Earnings for:				Including Gains/(Losses) Attributable to:
	Hedging		Hedged		Hedge		Excluded
(in millions)	Derivatives^(a)		Items		Ineffectiveness		Components		Other^(b)
Three Months Ended September 30, 2015
Interest rate contracts:
Realized capital gains/(losses)	$	1	$	(1)	$	-	$	-	$	-
Interest credited to policyholder
account balances		-		-		-		-		-
Other income		-		2		-		-		2
Gain/(Loss) on extinguishment of debt		-		1		-		-		1
Foreign exchange contracts:
Realized capital gains/(losses)		81		(67)		-		14		-
Interest credited to policyholder
account balances		-		-		-		-		-
Other income		-		4		-		-		4
Gain/(Loss) on extinguishment of debt		-		-		-		-		-
Equity contracts:
Realized capital gains/(losses)		(4)		3		-		(1)		-
Three Months Ended September 30, 2014
Interest rate contracts:
Realized capital gains/(losses)	$	-	$	-	$	-	$	-	$	-
Interest credited to policyholder
account balances		-		-		-		-		-
Other income		-		10		-		-		10
Gain/(Loss) on extinguishment of debt		-		-		-		-		-

Foreign exchange contracts:
Realized capital gains/(losses)		(76)		91		-		9		6
Interest credited to policyholder
account balances		-		(1)		-		-		(1)
Other income		-		7		-		-		7
Gain/(Loss) on extinguishment of debt		-		-		-		-		-
Equity contracts
Realized capital gains/(losses)		4		(6)		-		(2)		-
Nine Months Ended September 30, 2015
Interest rate contracts:
Realized capital gains/(losses)	$	1	$	(1)	$	-	$	-	$	-
Interest credited to policyholder
account balances		-		-		-		-		-
Other income		-		7		-		-		7
Gain/(Loss) on extinguishment of debt		-		14		-		-		14
Foreign exchange contracts:
Realized capital gains/(losses)		152		(123)		-		27		2
Interest credited to policyholder
account balances		-		(1)		-		-		(1)
Other income		-		14		-		-		14
Gain/(Loss) on extinguishment of debt		-		17		-		-		17
Equity contracts:
Realized capital gains/(losses)		(23)		21		-		(2)		-
Nine Months Ended September 30, 2014
Interest rate contracts:
Realized capital gains/(losses)	$	1	$	(2)	$	-	$	-	$	(1)
Interest credited to policyholder
account balances		1		(1)		-		-		-
Other income		-		38		-		-		38
Gain/(Loss) on extinguishment of debt		-		50		-		-		50
Foreign exchange contracts:
Realized capital gains/(losses)		(20)		32		-		(3)		15
Interest credited to policyholder
account balances		-		(2)		-		-		(2)
Other income		-		7		-		-		7
Gain/(Loss) on extinguishment of debt		-		-		-		-		-
Equity contracts
Realized capital gains/(losses)		(10)		8		-		(2)		-

(a) The amounts presented do not include the periodic net coupon settlements of the derivative contract or the coupon income (expense) related to the hedged item.

(b) Represents accretion/amortization of opening fair value of the hedged item at inception of hedge relationship, amortization of basis adjustment on hedged item following the discontinuation of hedge accounting, and the release of debt basis adjustment following the repurchase of issued debt that was part of previously-discontinued fair value hedge relationship.

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 (Loss):

	Gains (Losses) Recognized in Earnings
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2015		2014		2015		2014
By Derivative Type:
Interest rate contracts	$	469	$	222	$	402	$	409
Foreign exchange contracts		51		253		321		276
Equity contracts^*		(586)		(159)		(39)		(584)
Commodity contracts		-		(2)		(1)		(1)
Credit contracts		11		75		171		229
Other contracts		71		44		60		83
Total	$	16	$	433	$	914	$	412
By Classification:
Policy fees	$	20	$	19	$	59	$	49
Net investment income		6		24		20		20
Net realized capital gains (losses)		20		79		496		(114)
Other income (losses)		(36)		309		334		447
Policyholder benefits and claims incurred		6		2		5		10
Total	$	16	$	433	$	914	$	412

* Includes embedded derivative losses of $(816) million and $(147) million for the three- and nine-month periods ended September 30, 2015, respectively, and embedded derivative losses of $(86) million and $(428) million for the three- and nine-month periods ended September 30, 2014, respectively.

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, 2015 and December 31, 2014, was approximately $2.2 billion and $2.5 billion, respectively. The aggregate fair value of assets posted as collateral under these contracts at September 30, 2015 and December 31, 2014, was $2.3 billion and $2.7 billion, respectively.

We estimate that at September 30, 2015, 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 approximately $12 million in additional 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 $46 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 $118 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, 2015. 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 and Other income. Our investments in these hybrid securities are reported as Other bond securities in the Condensed Consolidated Balance Sheets. The fair values of these hybrid securities were $5.7 billion and $6.1 billion at September 30, 2015 and December 31, 2014, respectively. These securities have par amounts of $11.5 billion and $12.3 billion at September 30, 2015 and December 31, 2014, respectively, and have remaining stated maturity dates that extend to 2055.

- Definition

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.

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+ Details

CONTINGENCIES, COMMITMENTS AND GUARANTEES	9 Months Ended
CONTINGENCIES, COMMITMENTS AND GUARANTEES	Sep. 30, 2015
CONTINGENCIES, COMMITMENTS AND GUARANTEES
CONTINGENCIES, COMMITMENTS AND GUARANTEES	9. 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 AIG cannot currently quantify its 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 AIG’s consolidated financial condition or its 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 losses and loss adjustment expenses. 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 transactions and practices of AIG and our subsidiaries in connection with industry-wide and other inquiries into, among other matters, certain business practices 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, AIG Financial Products Corp. and related subsidiaries (collectively 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. On May 19, 2009, a consolidated class action complaint, resulting from the consolidation of eight purported securities class actions filed between May 2008 and January 2009, was 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) in In re American International Group, Inc. 2008 Securities Litigation (the Consolidated 2008 Securities Litigation), asserting claims under the Securities Exchange Act of 1934, as amended (the Exchange Act) and claims under the Securities Act of 1933, as amended (the Securities Act) for allegedly materially false and misleading statements in AIG’s public disclosures from March 16, 2006 to September 16, 2008 relating to, among other things, the Subprime Exposure Issues. On July 15, 2014 and August 1, 2014, lead plaintiff, AIG and AIG’s outside auditor accepted mediators’ proposals to settle the Consolidated 2008 Securities Litigation against all defendants. On October 22, 2014, AIG made a cash payment of $960 million, which is being held in escrow until all funds are distributed. On March 20, 2015, the Court issued an Order and Final Judgment approving the class settlement and dismissing the action with prejudice, and the AIG settlement became final on June 29, 2015. Individual Securities Litigations. Between November 18, 2011 and February 9, 2015, eleven separate, though similar, securities actions (Individual Securities Litigations) were filed asserting claims substantially similar to those in the Consolidated 2008 Securities Litigation against AIG and certain directors and officers of AIG and AIGFP (one such action also names as a defendant AIG’s outside auditor and two such actions also name as defendants the underwriters of various securities offerings). Two of the actions were voluntarily dismissed. On September 10, 2015, the Southern District of New York granted AIG’s motion to dismiss some of the claims in the Individual Securities Litigations in whole or in part. AIG has settled seven of the nine remaining actions. On March 27, 2015, an additional securities action was filed in state court in Orange County, California asserting a claim against AIG pursuant to Section 11 of the Securities Act (the California Action) that is substantially similar to those in the Consolidated 2008 Securities Litigation and the two remaining Individual Securities Litigations pending in the Southern District of New York. On July 10, 2015, AIG filed a motion to stay the California Action. On September 18, 2015, the court denied AIG’s motion to stay the California Action. On September 23, 2015, AIG filed an appeal of the court’s denial. On April 29, 2015, AIG filed a complaint for declaratory relief in the Southern District of New York seeking a declaration that the Section 11 claims filed in the California Action are time-barred (the SDNY Action). On July 10, 2015, AIG filed a motion for summary judgment and the plaintiff in the California Action cross moved to dismiss the SDNY Action. We have accrued our current estimate of probable loss with respect to these litigations. ERISA Actions – Southern District of New York. On December 19, 2014, a third consolidated amended complaint, resulting from the consolidation of purported class actions filed between June 25, 2008 and November 25, 2008, was filed against AIG, certain directors and officers of AIG, and members of AIG’s Retirement Board and Investment Committee in In re American International Group, Inc. ERISA Litigation II (the Consolidated 2008 ERISA Litigation), asserting claims under the Employee Retirement Income Security Act of 1974, as amended (ERISA), purportedly on behalf of a class of all participants in or beneficiaries of certain benefit plans of AIG and its subsidiaries that offered shares of AIG Common Stock. The complaint alleged, 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 January 6, 2015, the parties informed the Court that they had accepted a mediator’s proposal to settle the action for $40 million. On September 18, 2015, the Court issued an Order and Final Judgment approving the class settlement and dismissed the action with prejudice. The entirety of the $40 million settlement will be paid by AIG’s fiduciary liability insurance carriers. 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. 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. The proposed statement of claim further alleges 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. 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. Thereafter, the Court stayed the action pending further developments in the Consolidated 2008 Securities Litigation. On June 29, 2015, counsel for AIG and AIGFP provided notice to counsel for plaintiff in the action that a final order approving the settlement in the Consolidated 2008 Securities Litigation was entered and can no longer be appealed. Plaintiff did not move to lift the stay in the time allotted by the Ontario Superior Court’s stay order and, as a result, the action is now permanently stayed. 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. In the SICO Treasury Action, 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 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 due to our Board’s refusal of SICO’s demand and denied the United States’ motion to dismiss SICO’s direct, non-derivative claims. 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 (the Credit Agreement Shareholder Class); 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 (the Reverse Stock Split Shareholder Class). SICO has provided notice of class certification to potential members of the classes, who, pursuant to a court order issued on April 25, 2013, had to return opt-in consent forms by September 16, 2013 to participate in either class. 286,908 holders of AIG Common Stock during the two class periods have opted into the classes. On June 15, 2015, the Court of Federal Claims issued its opinion and order in the SICO Treasury Action. The Court found that the United States exceeded its statutory authority by exacting approximately 80 percent of AIG’s equity in exchange for the FRBNY Credit Facility, but that AIG shareholders suffered no damages as a result. SICO argued during trial that the two classes are entitled to a total of approximately $40 billion in damages, plus interest. The Court also found that the United States was not liable to the Reverse Stock Split Class in connection with the reverse stock split vote at the June 30, 2009 annual meeting of shareholders. On June 17, 2015, the Court of Federal Claims entered judgment stating that “the Credit Agreement Shareholder Class shall prevail on liability due to the Government's illegal exaction, but shall recover zero damages, and that the Reverse Stock Split Shareholder Class shall not prevail on liability or damages.” SICO filed a notice of appeal of the July 2, 2012 dismissal of SICO’s unconstitutional conditions claim, the June 26, 2013 dismissal of SICO’s derivative claims, the Court’s June 15, 2015 opinion and order, and the Court’s June 17, 2015 judgment to the United States Court of Appeals for the Federal Circuit. The United States filed a notice of cross appeal of the Court’s July 2, 2012 opinion and order denying in part its motion to dismiss, the Court’s June 26, 2013 opinion and order denying its motion to dismiss SICO’s direct claims, the Court’s June 15, 2015 opinion and order, and the Court’s June 17, 2015 judgment to the United States Court of Appeals for the Federal Circuit. On August 25, 2015, SICO filed its appellate brief, in which it stated SICO does not appeal the dismissal of the derivative claims it asserted on behalf of AIG. In the Court of Federal Claims, 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. AIG believes that any indemnification obligation would arise only if: (a) SICO prevails on its appeal and ultimately receives an award of damages; (b) the United States then commences an action against AIG seeking indemnification; and (c) the United States is successful in such an action through any appellate process. If SICO prevails on its claims and the United States seeks indemnification from AIG, AIG intends to assert defenses thereto. A reversal of the Court of Federal Claim’s June 17, 2015 decision and judgment and a final determination that the United States is liable for damages, together with a final determination that AIG is obligated to indemnify the United States for any such damages, could have a material adverse effect on our business, consolidated financial condition and results of operations. 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 and Maiden Lane III LLC 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 AIG 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 attempted to plead the same claims as the prior complaints and did not specify an amount of alleged damages. AIG and its co-defendants filed motions to dismiss the second amended complaint on August 9, 2013. On March 29, 2014, the Court dismissed the second amended complaint with prejudice. On April 30, 2014, the Relators filed a Notice of Appeal to the Ninth Circuit. 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, and on September 12, 2014, the Alabama Supreme Court affirmed that order. AIG and the other defendants’ petition for rehearing of that decision was denied on February 27, 2015. The matter has been remanded to the trial court for general discovery and adjudication of the merits. Trial is expected to commence on February 22, 2016. We have accrued our current estimate of loss with respect to this litigation. Regulatory and Related Matters In April 2007, the National Association of Insurance Commissioners (NAIC) formed a Settlement Review Working Group, directed by the State of Indiana, to review the Workers’ Compensation Residual Market Assessment portion of the settlement between AIG, the Office of the New York Attorney General, and the New York State Department of Insurance. In late 2007, the Settlement Review Working Group, under the direction of Indiana, Minnesota and Rhode Island, recommended that a multi-state targeted market conduct examination focusing on workers’ compensation insurance be commenced under the direction of the NAIC’s Market Analysis Working Group. AIG was informed of the multi-state targeted market conduct examination in January 2008. The lead states in the multi-state examination were Delaware, Florida, Indiana, Massachusetts, Minnesota, New York, Pennsylvania and Rhode Island. All other states (and the District of Columbia) agreed to participate in the multi-state examination. The examination focused on legacy issues related to certain AIG entities’ writing and reporting of workers compensation insurance between 1985 and 1996. On December 17, 2010, AIG and the lead states reached an agreement to settle all regulatory liabilities arising out of the subjects of the multistate examination. This regulatory settlement agreement, which was agreed to by all 50 states and the District of Columbia, included, among other terms, (i) AIG’s payment of $100 million in regulatory fines and penalties; (ii) AIG’s payment of $46.5 million in outstanding premium taxes and assessments; (iii) AIG’s agreement to enter into a compliance plan describing agreed-upon specific steps and standards for evaluating AIG’s ongoing compliance with state regulations governing the setting of workers’ compensation insurance premium rates and the reporting of workers’ compensation premiums; and (iv) AIG’s agreement to pay up to $150 million in contingent fines in the event that AIG fails to comply substantially with the compliance plan requirements. In furtherance of the compliance plan, the agreement provided for a monitoring period from May 29, 2012 to May 29, 2014 leading up to a compliance plan examination. After the close of the monitoring period, as part of preparation for the actual conduct of the compliance plan examination, on or about October 1, 2014, AIG and the lead states agreed upon corrective action plans to address particular issues identified during the monitoring period. The compliance plan examination is ongoing. There can be no assurance that the result of the compliance plan examination will not result in a fine, have a material adverse effect on AIG’s ongoing operations or lead to civil litigation. In connection with a multi-state examination of certain accident and health products, including travel products, issued by National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), AIG Property Casualty Inc. (formerly Chartis Inc.), on behalf of itself, National Union, and certain of AIG Property Casualty Inc.’s insurance and non-insurance companies (collectively, the AIG PC 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 AIG PC 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 AIG PC 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 AIG PC 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. 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 $2.6 billion at September 30, 2015. 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 AIGFP and of 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 of structured leasing transactions 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, 2015 was $214 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. Other See Note 7 to the Condensed Consolidated Financial Statements for additional discussion on commitments and guarantees associated with VIEs. See Note 8 to the Condensed Consolidated Financial Statements for additional disclosures about derivatives. See Note 14 to the Condensed Consolidated Financial Statements for additional disclosures about guarantees of outstanding debt.

EQUITY

9 Months Ended

Sep. 30, 2015

EQUITY

EQUITY

10. EQUITY

Shares Outstanding

The following table presents a rollforward of outstanding shares:

	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Nine Months Ended September 30, 2015
Shares, beginning of year	1,906,671,492	(530,744,521)	1,375,926,971
Shares issued	-	355,767	355,767
Shares repurchased	-	(129,488,123)	(129,488,123)
Shares, end of period	1,906,671,492	(659,876,877)	1,246,794,615

Dividends

Payment of future dividends to our shareholders and repurchases of AIG Common Stock depends in part on the regulatory framework that we are currently subject to and that will ultimately be applicable to us, including as a nonbank 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 are payable on AIG Common Stock only when, as and if declared by our Board of Directors in its discretion, from funds legally available for this purpose. In considering whether to pay a dividend or purchase shares of AIG Common Stock, our Board of Directors considers a number of factors, including, but not limited to: the capital resources available to support our insurance operations and business strategies, AIG’s funding capacity and capital resources in comparison to internal benchmarks, expectations for capital generation, rating agency expectations for capital, regulatory standards for capital and capital distributions, and such other factors as our Board of Directors may deem relevant.

On March 26, 2015, AIG paid a dividend of $0.125 per share on AIG Common Stock to shareholders of record on March 12, 2015. On June 25, 2015, AIG paid a dividend of $0.125 per share on AIG Common Stock to shareholders of record on June 11, 2015. On September 28, 2015, AIG paid a dividend of $0.28 per share on AIG Common Stock to shareholders of record on September 14, 2015.

See Note 20 to the Consolidated Financial Statements in the 2014 Annual Report for a discussion of restrictions on payments of dividends to AIG Parent by its subsidiaries.

Repurchase of AIG Common Stock

Our Board of Directors has authorized the repurchase of shares of AIG Common Stock through a series of actions. On August 3, 2015, our Board of Directors authorized an additional increase of $5.0 billion to its previous share repurchase authorization. As of September 30, 2015, approximately $3.5 billion remained under our share repurchase authorization. Shares may be repurchased from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions or otherwise. Certain of our share repurchases have been and may from time to time be effected through Exchange Act Rule 10b5-1 repurchase plans.

We repurchased approximately 129 million shares of AIG Common Stock during the nine-month period ended September 30, 2015, for an aggregate purchase price of approximately $7.5 billion.

The total number of shares of AIG Common Stock repurchased in the nine-month period ended September 30, 2015 includes (but the aggregate purchase price does not include) approximately 3.5 million shares of AIG Common Stock received in January 2015 upon the settlement of an accelerated share repurchase agreement executed in the fourth quarter of 2014.

The timing of any future repurchases will depend on market conditions, our financial condition, results of operations, liquidity and other factors.

Accumulated Other Comprehensive Income

The following table presents a rollforward of Accumulated other comprehensive income:

		Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Taken
				Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment


(in millions)										Total
Balance, December 31, 2014, net of tax	$	1,043	$	12,327	$	(1,784)	$	(969)	$	10,617
Change in unrealized depreciation of investments		(315)		(6,372)		-		-		(6,687)
Change in deferred acquisition costs adjustment and other		-		763		-		-		763
Change in future policy benefits		92		807		-		-		899
Change in foreign currency translation adjustments		-		-		(901)		-		(901)
Net actuarial gain		-		-		-		417		417
Prior service cost		-		-		-		(210)		(210)
Change in deferred tax asset (liability)		54		1,493		167		(59)		1,655
Total other comprehensive income (loss)		(169)		(3,309)		(734)		148		(4,064)
Noncontrolling interests		-		-		(4)		-		(4)
Balance, September 30, 2015, net of tax	$	874	$	9,018	$	(2,514)	$	(821)	$	6,557

Balance, December 31, 2013, net of tax	$	936	$	6,789	$	(952)	$	(413)	$	6,360
Change in unrealized appreciation of investments		268		6,330		-		-		6,598
Change in deferred acquisition costs adjustment and other		61		(433)		-		-		(372)
Change in future policy benefits		(114)		(781)		-		-		(895)
Change in foreign currency translation adjustments		-		-		(149)		-		(149)
Net actuarial gain		-		-		-		40		40
Prior service cost		-		-		-		(36)		(36)
Change in deferred tax asset (liability)		(41)		(144)		(40)		9		(216)
Total other comprehensive income (loss)		174		4,972		(189)		13		4,970
Noncontrolling interests		-		(1)		-		-		(1)
Balance, September 30, 2014, net of tax	$	1,110	$	11,762	$	(1,141)	$	(400)	$	11,331

The following table presents the other comprehensive income reclassification adjustments for the three- and nine-month periods ended September 30, 2015 and 2014, respectively:

		Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Taken
				Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment


(in millions)										Total
Three Months Ended September 30, 2015
Unrealized change arising during period	$	(98)	$	(1,275)	$	(217)	$	303	$	(1,287)
Less: Reclassification adjustments
included in net income		13		(17)		-		164		160
Total other comprehensive income (loss),
before income tax expense (benefit)		(111)		(1,258)		(217)		139		(1,447)
Less: Income tax expense (benefit)		(50)		(401)		21		47		(383)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(61)	$	(857)	$	(238)	$	92	$	(1,064)
Three Months Ended September 30, 2014
Unrealized change arising during period	$	132	$	(575)	$	(120)	$	(8)	$	(571)
Less: Reclassification adjustments
included in net income		9		12		-		1		22
Total other comprehensive income (loss),
before income tax expense (benefit)		123		(587)		(120)		(9)		(593)
Less: Income tax expense (benefit)		64		(419)		(42)		(15)		(412)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	59	$	(168)	$	(78)	$	6	$	(181)
Nine Months Ended September 30, 2015
Unrealized change arising during period	$	(155)	$	(4,243)	$	(901)	$	324	$	(4,975)
Less: Reclassification adjustments
included in net income		68		559		-		117		744
Total other comprehensive income (loss),
before income tax expense (benefit)		(223)		(4,802)		(901)		207		(5,719)
Less: Income tax expense (benefit)		(54)		(1,493)		(167)		59		(1,655)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(169)	$	(3,309)	$	(734)	$	148	$	(4,064)
Nine Months Ended September 30, 2014
Unrealized change arising during period	$	242	$	5,522	$	(149)	$	3	$	5,618
Less: Reclassification adjustments
included in net income		27		406		-		(1)		432
Total other comprehensive income (loss),
before income tax expense (benefit)		215		5,116		(149)		4		5,186
Less: Income tax expense (benefit)		41		144		40		(9)		216
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	174	$	4,972	$	(189)	$	13	$	4,970

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 (Loss):

	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income (Loss)

	Three Months Ended September 30,
(in millions)		2015		2014
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken

Investments		$	13	$	9		Other realized capital gains
Total			13		9
Unrealized appreciation (depreciation) of all other investments
Investments			(15)		117		Other realized capital gains
Deferred acquisition costs adjustment			(2)		(40)		Amortization of deferred policy acquisition costs
Future policy benefits			-		(65)		Policyholder benefits and losses incurred
Total			(17)		12
Change in retirement plan liabilities adjustment
Prior - service cost			187		11		*
Actuarial losses			(23)		(10)		*
Total			164		1
Total reclassifications for the period		$	160	$	22
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income (Loss)

	Nine Months Ended September 30,
(in millions)		2015		2014
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken

Investments		$	68	$	27		Other realized capital gains
Total			68		27
Unrealized appreciation (depreciation) of all other investments
Investments			609		528		Other realized capital gains
Deferred acquisition costs adjustment			(67)		(35)		Amortization of deferred policy acquisition costs
Future policy benefits			17		(87)		Policyholder benefits and losses incurred
Total			559		406
Change in retirement plan liabilities adjustment
Prior - service cost			210		35		*
Actuarial losses			(93)		(36)		*
Total			117		(1)		-
Total reclassifications for the period		$	744	$	432		-

* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 12 to the Condensed Consolidated Financial Statements.

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section C

Reference 2: http://www.xbrl.org/2003/role/presentationRef

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-Number Topic 4

-Section E

Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Topic 235

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-Subparagraph (SX 210.5-02.29-31)

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Preferred Stock

-URI http://asc.fasb.org/extlink&oid=6521494

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

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Reference 9: http://www.xbrl.org/2003/role/presentationRef

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Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

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-Name Accounting Standards Codification

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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

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-Section 50

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-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

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-Name Accounting Standards Codification

-Topic 505

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

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-Section S99

-Paragraph 2

-Subparagraph (SAB TOPIC 4.E)

-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

+ Details

EARNINGS PER SHARE (EPS)

9 Months Ended

Sep. 30, 2015

EARNINGS PER SHARE (EPS)

EARNINGS PER SHARE (EPS)

11. 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:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(dollars in millions, except per share data)		2015		2014		2015		2014
Numerator for EPS:
Income (loss) from continuing operations	$	(180)	$	2,199	$	4,071	$	6,864
Less: Net income (loss) from continuing operations attributable to noncontrolling interests		34		9		34		(25)
Income (loss) attributable to AIG common shareholders from continuing operations		(214)		2,190		4,037		6,889
Income (loss) from discontinued operations, net of income tax expense		(17)		2		-		(15)
Net income (loss) attributable to AIG common shareholders		(231)		2,192		4,037		6,874
Denominator for EPS:
Weighted average shares outstanding - basic		1,279,072,748		1,419,239,774		1,324,407,969		1,440,148,774
Dilutive shares^(a)		-		22,828,068		32,700,815		19,334,459
Weighted average shares outstanding - diluted^(b)		1,279,072,748		1,442,067,842		1,357,108,784		1,459,483,233
Income per common share attributable to AIG:
Basic:
Income (loss) from continuing operations	$	(0.17)	$	1.54	$	3.05	$	4.78
Income (loss) from discontinued operations	$	(0.01)	$	-	$	-	$	(0.01)
Income (loss) attributable to AIG	$	(0.18)	$	1.54	$	3.05	$	4.77
Diluted:
Income (loss) from continuing operations	$	(0.17)	$	1.52	$	2.97	$	4.72
Income (loss) from discontinued operations	$	(0.01)	$	-	$	-	$	(0.01)
Income (loss) attributable to AIG	$	(0.18)	$	1.52	$	2.97	$	4.71

(a) Shares in the diluted EPS calculation represent basic shares for the three-month period ended September 30, 2015 due to the net loss in that period.

(b) Dilutive shares include our share-based employee compensation plans and a weighted average portion of the warrants issued to AIG shareholders as part of AIG’s recapitalization in January 2011. The number of shares excluded from diluted shares outstanding was 0.1 million and 0.2 million for the three- and nine-month periods ended September 30, 2015, respectively, and 0.3 million for both the three- and nine-month periods ended September 30, 2014, because the effect of including those shares in the calculation would have been anti-dilutive.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

EMPLOYEE BENEFITS

9 Months Ended

Sep. 30, 2015

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS

12. EMPLOYEE BENEFITS

We sponsor various defined benefit pension plans, post-retirement medical and life insurance plans for eligible employees and retirees in the US and certain non-US countries. For the nine-month period ended September 30, 2015, we contributed $600 million to our U.S. and non-U.S. pension plans ($541 million was contributed to the U.S. AIG Retirement Plan), and we estimate that we will contribute an additional $14 million for the remainder of 2015. These estimates are subject to change because contribution decisions are affected by various factors including our liquidity, market performance and management discretion.

On August 27, 2015, we amended the AIG Retirement Plan, the Non-Qualified Retirement Income Plan and the Supplemental Executive Retirement Plan (the Plans), to freeze benefit accruals effective January 1, 2016. Consequently, the Plans will be closed to new participants and current participants will no longer earn additional benefits after December 31, 2015. However, interest credits will continue to accrue on the existing cash balance accounts and participants will also continue to earn service credits for purposes of vesting and early retirement eligibility and subsidies as they continue to work for AIG.

As a result of this decision to freeze the Plans, AIG re-measured the plan assets and obligations as of September 1, 2015 and recognized a pre-tax curtailment gain of $179 million and a net increase of $324 million in accumulated other comprehensive income in the third quarter of 2015.

The following table presents the components of net periodic benefit cost with respect to pensions and other postretirement benefits:

	Pension						Postretirement
		U.S.		Non-U.S.				U.S.		Non-U.S.
(in millions)		Plans		Plans		Total		Plans		Plans		Total
Three Months Ended September 30, 2015
Components of net periodic benefit cost:
Service cost	$	41	$	10	$	51	$	1	$	-	$	1
Interest cost		54		6		60		2		1		3
Expected return on assets		(74)		(5)		(79)		-		-		-
Amortization of prior service credit		(6)		(1)		(7)		(3)		-		(3)
Amortization of net loss		21		2		23		-		-		-
Curtailment gain		(179)		-		(179)		-		-		-
Net periodic benefit (income) cost	$	(143)	$	12	$	(131)	$	-	$	1	$	1
Three Months Ended September 30, 2014
Components of net periodic benefit cost:
Service cost	$	42	$	11	$	53	$	1	$	-	$	1
Interest cost		57		7		64		2		1		3
Expected return on assets		(73)		(6)		(79)		-		-		-
Amortization of prior service credit		(8)		(1)		(9)		(3)		-		(3)
Amortization of net loss		9		2		11		-		-		-
Net periodic benefit cost	$	27	$	13	$	40	$	-	$	1	$	1
Nine Months Ended September 30, 2015
Components of net periodic benefit cost:
Service cost	$	144	$	31	$	175	$	4	$	2	$	6
Interest cost		164		18		182		6		2		8
Expected return on assets		(218)		(17)		(235)		-		-		-
Amortization of prior service credit		(22)		(2)		(24)		(8)		-		(8)
Amortization of net loss		86		7		93		-		-		-
Curtailment gain		(179)		(1)		(180)		-		-		-
Net periodic benefit (income) cost	$	(25)	$	36	$	11	$	2	$	4	$	6
Nine Months Ended September 30, 2014
Components of net periodic benefit cost:
Service cost	$	130	$	32	$	162	$	3	$	1	$	4
Interest cost		171		22		193		7		2		9
Expected return on assets		(215)		(17)		(232)		-		-		-
Amortization of prior service credit		(25)		(2)		(27)		(8)		-		(8)
Amortization of net loss		31		6		37		-		-		-
Net periodic benefit cost	$	92	$	41	$	133	$	2	$	3	$	5

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References+ Details

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2015
INCOME TAXES
INCOME TAXES	13. 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-month period ended September 30, 2015, the effective tax rate on loss from continuing operations was not meaningful, due to a tax charge on a pre-tax loss. The tax charge was primarily due to increases in uncertain tax positions related to cross-border financing transactions, partially offset by tax benefits associated with tax-exempt interest income and the partial completion of the Internal Revenue Service examination covering tax year 2006. For the nine-month period ended September 30, 2015, the effective tax rate on income from continuing operations was 34.5 percent. The effective tax rate on income from continuing operations for the nine-month period ended September 30, 2015 differs from the statutory tax rate of 35 percent primarily due to tax benefits associated with tax-exempt interest income, reclassifications from accumulated other comprehensive income to income from continuing operations related to the deferred tax asset valuation allowance previously released to accumulated other comprehensive income, and the partial completion of the Internal Revenue Service examination covering tax year 2006, partially offset by tax charges associated with increases in uncertain tax positions related to cross-border financing transactions and increases in the deferred tax asset valuation allowances associated with certain foreign jurisdictions. The nine-month period ended September 30, 2015 includes an increase in the deferred tax asset valuation allowance primarily attributable to the effects of changes in the Japanese tax law enacted on March 31, 2015, partially offset by changes in projections of future taxable income. For the three- and nine-month periods ended September 30, 2014, the effective tax rate on income from continuing operations was 27.2 percent and 29.8 percent, respectively. The effective tax rate on income from continuing operations in both periods differs from the statutory tax rate of 35 percent primarily due to tax benefits associated with tax-exempt interest income and a decrease in the U.S. Life Insurance Companies’ capital loss carryforward deferred tax asset valuation allowance. 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: the nature, frequency, and amount of cumulative financial reporting income and losses in recent years; the sustainability of recent operating profitability of our subsidiaries; the predictability of future operating profitability of the character necessary to realize the net deferred tax asset; the carryforward period for the net operating loss, capital loss and foreign tax credit carryforwards, including the effect of reversing taxable temporary differences; and prudent and feasible actions and tax planning strategies that would be implemented, if necessary, to protect against the loss of the deferred tax asset. In performing our assessment of the recoverability of the deferred tax asset under this framework, we consider tax laws governing the utilization of the net operating loss, capital loss and foreign tax credit carryforwards in each applicable jurisdiction. Under U.S. tax law, a company generally must use its net operating loss carryforwards before it can use its foreign tax credit carryforwards, even though the carryforward period for the foreign tax credit is shorter than for the net operating loss. Our U.S. federal consolidated income tax group includes both life companies and non-life companies. While the U.S. taxable income of our non-life companies can be offset by the net operating loss carryforwards, only a portion (no more than 35 percent) of the U.S. taxable income of our life companies can be offset by those net operating loss carryforwards. The remaining tax liability of our life companies can be offset by the foreign tax credit carryforwards. Accordingly, we utilize both the net operating loss and foreign tax credit carryforwards concurrently which enables us to realize our tax attributes prior to expiration. As of September 30, 2015, based on all available evidence, it is more likely than not that the U.S. net operating loss and foreign tax credit carryforwards will be utilized prior to expiration and, thus, no valuation allowance has been established. Estimates of future taxable income, including income generated from prudent and feasible actions and tax planning strategies could change in the near term, perhaps materially, which may require us to consider any potential impact to our assessment of the recoverability of the deferred tax asset. Such potential impact could be material to our consolidated financial condition or results of operations for an individual reporting period. Changes in market conditions, including rising interest rates, may impact unrealized tax losses in the U.S. Life Insurance Companies’ available for sale portfolio and could affect our assessment of the recoverability of the related deferred tax assets. The deferred tax asset relates to the unrealized losses for which the carryforward period has not yet begun, as such when assessing its recoverability we consider our ability and intent to hold the underlying securities to recovery. During the three-month period ended September 30, 2015, we recognized an increase of $8 million in our deferred tax asset valuation allowance associated with certain foreign jurisdictions. During the nine-month period ended September 30, 2015, we recognized an increase of $61 million in our deferred tax asset valuation allowance associated with certain foreign jurisdictions, primarily attributable to changes in the Japanese tax law enacted on March 31, 2015 partially offset by changes in projections of future taxable income. 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 March 17, 2014, the U.S. Court of Appeals for the Second Circuit (the Second Circuit) granted our petition for an immediate appeal of the partial summary judgment decision. On September 9, 2015, the Second Circuit affirmed the decision of the U.S. District Court for the Southern District of New York. On October 13, 2015, we filed a petition for a writ of certiorari to the U.S Supreme Court. We will vigorously defend our position and believe we maintain adequate reserves for liabilities that could result upon the conclusion of the litigation and from Internal Revenue Service actions. We continue to monitor legal and other developments in this area, including recent decisions affecting other taxpayers, and evaluate the effect, if any, on our position. Accounting for Uncertainty in Income Taxes At both September 30, 2015 and December 31, 2014, our unrecognized tax benefits, excluding interest and penalties, were $4.4 billion. The nine-month activity includes increases for amounts associated with cross border financing transactions partially offset by certain benefits realized due to the partial completion of the Internal Revenue Service examination covering tax year 2006. At September 30, 2015 and December 31, 2014, our unrecognized tax benefits related to tax positions that, if recognized, would not affect the effective tax rate because they relate to such factors as the timing, rather the permissibility, of the deduction were $0.2 billion and $0.3 billion, respectively. Accordingly, at September 30, 2015 and December 31, 2014, the amounts of unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate were $4.2 billion and $4.1 billion, respectively. Interest and penalties related to unrecognized tax benefits are recognized in income tax expense. At September 30, 2015 and December 31, 2014, we had accrued liabilities of $1.2 billion and $1.1 billion, respectively, for the payment of interest (net of the federal benefit) and penalties. For the nine-month periods ended September 30, 2015 and 2014, we accrued expense (benefit) of $133 million and $(64) million, respectively, for the payment of interest and penalties. The interest increase from December 31, 2014 was primarily due to increases in amounts associated with cross border financing transactions. We regularly evaluate adjustments proposed by taxing authorities. At September 30, 2015, 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.

- Definition

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.

+ References+ Details

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT

9 Months Ended

Sep. 30, 2015

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT

14. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT

The following Condensed Consolidating Financial Statements reflect the results of 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

		American
		International					Reclassifications
		Group, Inc.				Other		and	Consolidated
(in millions)	(As Guarantor)		AIGLH			Subsidiaries		Eliminations		AIG
September 30, 2015
Assets:
Short-term investments	$	5,531	$	-	$	7,234	$	(357)	$	12,408
Other investments^(a)		9,028		-		324,965		-		333,993
Total investments		14,559		-		332,199		(357)		346,401
Cash		20		3		1,546		-		1,569
Loans to subsidiaries^(b)		31,354		-		543		(31,897)		-
Investment in consolidated subsidiaries^(b)		59,411		32,486		-		(91,897)		-
Other assets, including deferred income taxes		25,428		260		130,952		(2,625)		154,015
Total assets	$	130,772	$	32,749	$	465,240	$	(126,776)	$	501,985

Liabilities:
Insurance liabilities	$	-	$	-	$	267,946	$	-	$	267,946
Long-term debt		20,794		707		9,218		-		30,719
Other liabilities, including intercompany balances^(a)		10,439		185		96,104		(3,027)		103,701
Loans from subsidiaries^(b)		540		-		31,357		(31,897)		-
Total liabilities		31,773		892		404,625		(34,924)		402,366
Total AIG shareholders’ equity		98,999		31,857		59,995		(91,852)		98,999
Non-redeemable noncontrolling interests		-		-		620		-		620
Total equity		98,999		31,857		60,615		(91,852)		99,619
Total liabilities and equity	$	130,772	$	32,749	$	465,240	$	(126,776)	$	501,985


December 31, 2014
Assets:
Short-term investments	$	6,078	$	-	$	6,231	$	(1,066)	$	11,243
Other investments^(a)		11,415		-		333,108		-		344,523
Total investments		17,493		-		339,339		(1,066)		355,766
Cash		26		91		1,641		-		1,758
Loans to subsidiaries^(b)		31,070		-		779		(31,849)		-
Investment in consolidated subsidiaries^(b)		62,811		35,850		-		(98,661)		-
Other assets, including deferred income taxes		23,835		2,305		141,826		(9,909)		158,057
Total assets	$	135,235	$	38,246	$	483,585	$	(141,485)	$	515,581
Liabilities:
Insurance liabilities	$	-	$	-	$	270,615	$	-	$	270,615
Long-term debt		21,190		820		9,207		-		31,217
Other liabilities, including intercompany balances^(a)		6,196		2,314		108,189		(10,222)		106,477
Loans from subsidiaries^(b)		951		-		30,898		(31,849)		-
Total liabilities		28,337		3,134		418,909		(42,071)		408,309
Total AIG shareholders’ equity		106,898		35,112		64,302		(99,414)		106,898
Non-redeemable noncontrolling interests		-		-		374		-		374
Total equity		106,898		35,112		64,676		(99,414)		107,272
Total liabilities and equity	$	135,235	$	38,246	$	483,585	$	(141,485)	$	515,581

(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment.

(b) Eliminated in consolidation.

Condensed Consolidating Statements of Income


		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
Three Months Ended September 30, 2015
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	717	$	222	$	-	$	(939)	$	-
Other income		(221)		-		13,220		(177)		12,822
Total revenues		496		222		13,220		(1,116)		12,822
Expenses:
Interest expense		254		14		83		(30)		321
Loss on extinguishment of debt		345		-		1		-		346
Other expenses		352		-		12,064		(146)		12,270
Total expenses		951		14		12,148		(176)		12,937
Income (loss) from continuing operations before income tax
expense (benefit)		(455)		208		1,072		(940)		(115)
Income tax expense (benefit)		(224)		(6)		295		-		65
Income (loss) from continuing operations		(231)		214		777		(940)		(180)
Loss from discontinued operations, net of income taxes		-		-		(17)		-		(17)
Net income (loss)		(231)		214		760		(940)		(197)
Less:
Net income from continuing operations attributable to
noncontrolling interests		-		-		34		-		34
Net income (loss) attributable to AIG	$	(231)	$	214	$	726	$	(940)	$	(231)
Three Months Ended September 30, 2014
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	2,661	$	1,315	$	-	$	(3,976)	$	-
Other income		615		-		16,161		(79)		16,697
Total revenues		3,276		1,315		16,161		(4,055)		16,697
Expenses:
Interest expense		378		22		62		(32)		430
Loss on extinguishment of debt		682		-		60		-		742
Other expenses		284		61		12,196		(35)		12,506
Total expenses		1,344		83		12,318		(67)		13,678

Income (loss) from continuing operations before income tax
expense (benefit)		1,932		1,232		3,843		(3,988)		3,019
Income tax expense (benefit)		(261)		(33)		1,117		(3)		820
Income (loss) from continuing operations		2,193		1,265		2,726		(3,985)		2,199
Income (loss) from discontinued operations, net of income taxes		(1)		-		3		-		2
Net income (loss)		2,192		1,265		2,729		(3,985)		2,201
Less:
Net income from continuing operations attributable to
noncontrolling interests		-		-		9		-		9
Net income (loss) attributable to AIG	$	2,192	$	1,265	$	2,720	$	(3,985)	$	2,192


		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
Nine Months Ended September 30, 2015
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	5,793	$	1,744	$	-	$	(7,537)	$	-
Other income		(57)		-		45,050		(497)		44,496
Total revenues		5,736		1,744		45,050		(8,034)		44,496
Expenses:
Interest expense		810		44		213		(90)		977
Loss on extinguishment of debt		703		-		46		7		756
Other expenses		899		42		36,016		(407)		36,550
Total expenses		2,412		86		36,275		(490)		38,283
Income (loss) from continuing operations before income tax
expense (benefit)		3,324		1,658		8,775		(7,544)		6,213
Income tax expense (benefit)		(714)		(69)		2,925		-		2,142
Income (loss) from continuing operations		4,038		1,727		5,850		(7,544)		4,071
Income (loss) from discontinued operations, net of income taxes		(1)		-		1		-		-
Net income (loss)		4,037		1,727		5,851		(7,544)		4,071
Less:
Net income from continuing operations attributable to
noncontrolling interests		-		-		34		-		34
Net income (loss) attributable to AIG	$	4,037	$	1,727	$	5,817	$	(7,544)	$	4,037
Nine Months Ended September 30, 2014
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	8,149	$	2,789	$	-	$	(10,938)	$	-
Other income		1,094		-		48,165		(263)		48,996
Total revenues		9,243		2,789		48,165		(11,201)		48,996
Expenses:
Interest expense		1,210		80		180		(98)		1,372
Loss on extinguishment of debt		987		-		77		(50)		1,014
Other expenses		1,310		79		35,564		(115)		36,838
Total expenses		3,507		159		35,821		(263)		39,224
Income (loss) from continuing operations before income tax
expense (benefit)		5,736		2,630		12,344		(10,938)		9,772
Income tax expense (benefit)		(1,137)		(54)		4,121		(22)		2,908
Income (loss) from continuing operations		6,873		2,684		8,223		(10,916)		6,864
Income (loss) from discontinued operations, net of income taxes		1		-		(16)		-		(15)
Net income (loss)		6,874		2,684		8,207		(10,916)		6,849
Less:
Net loss from continuing operations attributable to
noncontrolling interests		-		-		(25)		-		(25)
Net income (loss) attributable to AIG	$	6,874	$	2,684	$	8,232	$	(10,916)	$	6,874

* Eliminated in consolidation.

Condensed Consolidating Statements of Comprehensive Income

		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
Three Months Ended September 30, 2015
Net income (loss)	$	(231)	$	214	$	760	$	(940)	$	(197)
Other comprehensive income (loss)		(1,063)		(548)		187		360		(1,064)
Comprehensive income (loss)		(1,294)		(334)		947		(580)		(1,261)
Total comprehensive income attributable to noncontrolling interests		-		-		33		-		33
Comprehensive income (loss) attributable to AIG	$	(1,294)	$	(334)	$	914	$	(580)	$	(1,294)
Three Months Ended September 30, 2014
Net income (loss)	$	2,192	$	1,265	$	2,729	$	(3,985)	$	2,201
Other comprehensive income (loss)		(180)		(259)		(1,885)		2,143		(181)
Comprehensive income (loss)		2,012		1,006		844		(1,842)		2,020
Total comprehensive income attributable to noncontrolling interests		-		-		8		-		8
Comprehensive income (loss) attributable to AIG	$	2,012	$	1,006	$	836	$	(1,842)	$	2,012
Nine Months Ended September 30, 2015
Net income (loss)	$	4,037	$	1,727	$	5,851	$	(7,544)	$	4,071
Other comprehensive income (loss)		(4,060)		3,942		52,820		(56,766)		(4,064)
Comprehensive income (loss)		(23)		5,669		58,671		(64,310)		7
Total comprehensive income attributable to noncontrolling interests		-		-		30		-		30
Comprehensive income (loss) attributable to AIG	$	(23)	$	5,669	$	58,641	$	(64,310)	$	(23)
Nine Months Ended September 30, 2014
Net income (loss)	$	6,874	$	2,684	$	8,207	$	(10,916)	$	6,849
Other comprehensive income (loss)		4,971		2,522		1,848		(4,371)		4,970
Comprehensive income (loss)		11,845		5,206		10,055		(15,287)		11,819
Total comprehensive loss attributable to noncontrolling interests		-		-		(26)		-		(26)
Comprehensive income (loss) attributable to AIG	$	11,845	$	5,206	$	10,081	$	(15,287)	$	11,845

Condensed Consolidating Statements of Cash Flows

		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries^*		Eliminations^*		AIG
Nine Months Ended September 30, 2015
Net cash provided by operating activities		3,675		1,386		508		(3,335)		2,234
Cash flows from investing activities:
Sales of investments		5,610		-		52,234		(3,363)		54,481
Purchase of investments		(1,373)		-		(49,465)		3,363		(47,475)
Loans to subsidiaries - net		(1,227)		-		2,690		(1,463)		-
Contributions to subsidiaries - net		-		-		-		-		-
Net change in restricted cash		-		-		1,476		-		1,476
Net change in short-term investments		1,940		-		(2,968)		-		(1,028)
Other, net		(4)		-		(770)		-		(774)
Net cash provided by investing activities		4,946		-		3,197		(1,463)		6,680
Cash flows from financing activities:
Issuance of long-term debt		5,540		-		909		-		6,449
Repayments of long-term debt		(5,728)		(115)		(2,500)		-		(8,343)
Purchase of Common Stock		(7,473)		-		-		-		(7,473)
Intercompany loans - net		(236)		-		(1,227)		1,463		-
Cash dividends paid		(687)		(1,359)		(1,976)		3,335		(687)
Other, net		(43)		-		1,033		-		990
Net cash (used in) financing activities		(8,627)		(1,474)		(3,761)		4,798		(9,064)
Effect of exchange rate changes on cash		-		-		(39)		-		(39)
Change in cash		(6)		(88)		(95)		-		(189)
Cash at beginning of year		26		91		1,641		-		1,758
Reclassification to assets held for sale		-		-		-		-		-
Cash at end of period	$	20	$	3	$	1,546	$	-	$	1,569

Nine Months Ended September 30, 2014
Net cash provided by operating activities		7,228		4,333		3,979		(11,183)		4,357
Cash flows from investing activities:
Sales of investments		2,032		-		45,254		(725)		46,561
Purchase of investments		(1,257)		-		(42,549)		725		(43,081)
Loans to subsidiaries - net		(1,687)		-		327		1,360		-
Contributions from (to) subsidiaries - net		77		-		-		(77)		-
Net change in restricted cash		(5)		-		(655)		-		(660)
Net change in short-term investments		2,947		-		(605)		-		2,342
Other, net		(61)		-		(234)		-		(295)
Net cash provided by investing activities		2,046		-		1,538		1,283		4,867

Cash flows from financing activities:
Issuance of long-term debt		2,489		-		3,338		-		5,827
Repayments of long-term debt		(7,368)		(165)		(4,028)		-		(11,561)
Intercompany loans - net		(47)		(279)		1,686		(1,360)		-
Purchase of common stock		(3,403)		-		-		-		(3,403)
Cash dividends paid to shareholders		(539)		(3,931)		(7,252)		11,183		(539)
Other, net		(324)		-		322		77		75
Net cash (used in) financing activities		(9,192)		(4,375)		(5,934)		9,900		(9,601)
Effect of exchange rate changes on cash		-		-		(19)		-		(19)
Change in cash		82		(42)		(436)		-		(396)
Cash at beginning of year		30		51		2,160		-		2,241
Change in cash of businesses held for sale		-		-		88		-		88
Cash at end of period	$	112	$	9	$	1,812	$	-	$	1,933

Supplementary Disclosure of Condensed Consolidating Cash Flow Information

		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries^*		Eliminations^*		AIG
Cash (paid) received during the 2015 period for:
Interest:
Third party	$	(846)	$	(57)	$	(209)	$	-	$	(1,112)
Intercompany		-		-		-		-		-
Taxes:
Income tax authorities	$	(17)	$	-	$	(389)	$	-	$	(406)
Intercompany		1,769		-		(1,769)		-		-
Cash (paid) received during the 2014 period for:
Interest:
Third party	$	(1,238)	$	(87)	$	(1,171)	$	-	$	(2,496)
Intercompany		(1)		(7)		8		-		-
Taxes:
Income tax authorities	$	(18)	$	-	$	(596)	$	-	$	(614)
Intercompany		1,348		-		(1,348)		-		-

American International Group, Inc. (As Guarantor) supplementary disclosure of non-cash activities:

Nine Months Ended September 30,
(in millions)		2015		2014
Intercompany non-cash financing and investing activities:
Capital contributions	$	111	$	993
Dividends received in the form of securities		1,997		1,538
Return of capital^*		-		4,836
Consideration received from sale of shares of AerCap		500		-

* Includes $4.8 billion return of capital from AIG Capital Corporation related to the sale of ILFC.

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2015
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	15. SUBSEQUENT EVENTS Dividends Declared On November 2, 2015, our Board of Directors declared a cash dividend on AIG Common Stock of $0.28 per share, payable on December 21, 2015 to shareholders of record on December 7, 2015. This dividend will result in an adjustment to the exercise price of the outstanding warrants (the Warrants) to purchase shares of AIG Common Stock and an adjustment to the number of shares of AIG Common Stock receivable upon Warrant exercise. The exact adjustments, determined by a formula set forth in the Warrant Agreement, will become calculable on December 2, 2015, the day prior to the ex-dividend date. 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 10 to the Condensed Consolidated Financial Statements.

BASIS OF PRESENTATION (Policies)	9 Months Ended
BASIS OF PRESENTATION (Policies)	Sep. 30, 2015
BASIS OF PRESENTATION
Sale of ILFC	Sale of ILFC and shares of AerCap On May 14, 2014, we completed the sale of 100 percent of the common stock of International Lease Finance Corporation (ILFC) to AerCap Ireland Limited, a wholly owned subsidiary of AerCap Holdings N.V. (AerCap), in exchange for total consideration of approximately $7.6 billion, including cash and 97.6 million newly-issued AerCap common shares (the AerCap Transaction). The total value of the consideration was based in part on AerCap’s closing price per share of $47.01 on May 13, 2014. ILFC’s results of operations are reflected in Aircraft leasing revenue and Aircraft leasing expenses in the Condensed Consolidated Statements of Income (Loss) through the date of the completion of the sale. In June 2015, we sold 86.9 million ordinary shares of AerCap by means of an underwritten public offering of 71.2 million ordinary shares and a private sale of 15.7 million ordinary shares to AerCap. We received cash proceeds of approximately $3.7 billion, reflecting proceeds of approximately $3.4 billion from the underwritten offering and cash proceeds of $250 million from the private sale of shares to AerCap. In connection with the closing of the private sale of shares to AerCap, we also received $500 million of 6.50% fixed-to-floating rate junior subordinated notes issued by AerCap Global Aviation Trust and guaranteed by AerCap and certain of its subsidiaries. These notes, included in Bonds available for sale, mature in 2045 and are callable beginning in 2025. We accounted for our interest in AerCap using the equity method of accounting through the date of the June 2015 sale, and as available for sale thereafter. In August 2015, we sold our remaining 10.7 million ordinary shares of AerCap by means of an underwritten public offering and received proceeds of approximately $500 million.
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with GAAP requires the application of accounting policies that often involve a significant degree of judgment. Accounting policies that we believe are most dependent on the application of estimates and assumptions are considered our critical accounting estimates and are related to the determination of: income tax assets and liabilities, including recoverability of our net deferred tax asset and the predictability of future tax operating profitability of the character necessary to realize the net deferred tax asset; liability for unpaid losses and loss adjustment expenses; reinsurance assets; valuation of future policy benefit liabilities and timing and extent of loss recognition; valuation of liabilities for guaranteed benefit features of variable annuity products; estimated gross profits to value deferred acquisition costs for investment-oriented products; impairment charges, including other-than-temporary impairments on available for sale securities, impairments on investments in life settlements and goodwill impairment; liability for legal contingencies; and fair value measurements of certain financial assets and liabilities. 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.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Standards Adopted During 2015	Accounting Standards Adopted During 2015 Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure In January 2014, the Financial Accounting Standards Board (FASB) issued an accounting standard that clarifies that a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, so that the loan is derecognized and the real estate property is recognized, when either (i) the creditor obtains legal title to the residential real estate property upon completion of a foreclosure or (ii) the borrower conveys all interest in the residential real estate property to the creditor to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. We adopted the standard on its required effective date of January 1, 2015. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows. Reporting Discontinued Operations In April 2014, the FASB issued an accounting standard that changes the requirements for presenting a component or group of components of an entity as a discontinued operation and requires new disclosures. Under the standard, the disposal of a component or group of components of an entity should be reported as a discontinued operation if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. Disposals of equity method investments, or those reported as held-for-sale, must be presented as a discontinued operation if they meet the new definition. The standard also requires entities to provide disclosures about the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation. We adopted the standard on its required effective date of January 1, 2015 on a prospective basis. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows. Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures In June 2014, the FASB issued an accounting standard that changes the accounting for repurchase-to-maturity transactions and repurchase financing arrangements. It also requires additional disclosures about repurchase agreements and other similar transactions. The standard aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as repurchase financings with the accounting for other typical repurchase agreements such that they all will be accounted for as secured borrowings. The standard eliminates sale accounting for repurchase-to-maturity transactions and supersedes the standard under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement. We adopted the standard on its required effective date of January 1, 2015 on a prospective basis. 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	Future Application of Accounting Standards Revenue Recognition In May 2014, the FASB issued an accounting standard that supersedes most existing revenue recognition guidance. The standard excludes from its scope the accounting for insurance contracts, leases, financial instruments, and certain other agreements that are governed under other GAAP guidance, but could affect the revenue recognition for certain of our other activities. The standard is effective for interim and annual reporting periods beginning after December 15, 2017 and may be applied retrospectively or through a cumulative effect adjustment to retained earnings at the date of adoption. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. We plan to adopt the standard on its required effective date of January 1, 2018 and are assessing the impact of the standard on our consolidated financial condition, results of operations and cash flows. Accounting for Share-Based Payments with Performance Targets In June 2014, the FASB issued an accounting standard that clarifies the accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The standard requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The standard is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. The standard may be applied prospectively to all awards granted or modified after the effective date or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. We plan to adopt the standard on its required effective date of January 1, 2016 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. Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity In August 2014, the FASB issued an accounting standard that allows a reporting entity to measure the financial assets and financial liabilities of a qualifying consolidated collateralized financing entity using the fair value of either its financial assets or financial liabilities, whichever is more observable. The standard is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. The standard may be applied retrospectively or through a cumulative effect adjustment to retained earnings at the date of adoption. We plan to adopt the standard on its required effective date of January 1, 2016 and are assessing the impact of the standard on our consolidated financial condition, results of operations and cash flows. Consolidation: Amendments to the Consolidation Analysis In February 2015, the FASB issued an accounting standard that affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, the amendments modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; eliminate the presumption that a general partner should consolidate a limited partnership; affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. The standard is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The standard may be applied retrospectively or through a cumulative effect adjustment to retained earnings as of the beginning of the year of adoption. We plan to adopt the standard on its required effective date of January 1, 2016 and are assessing the impact of the standard on our consolidated financial condition, results of operations and cash flows. Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement In April 2015, the FASB issued an accounting standard that provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance does not change generally accepted accounting principles applicable to a customer's accounting for service contracts. Consequently, all software licenses will be accounted for consistent with other licenses of intangible assets. The standard is effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted. The standard may be adopted prospectively to all arrangements entered into or materially modified after the effective date or retrospectively. We plan to adopt the standard on its required effective date of January 1, 2016 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. Short Duration Insurance Contracts In May 2015, the FASB issued an accounting standard that requires additional disclosures (including accident year information) for short-duration insurance contracts. New disclosures about the liability for unpaid losses and loss adjustment expenses will be required of public business entities for annual periods beginning after December 15, 2015. The annual disclosures by accident year include: disaggregated net incurred and paid claims development tables segregated by business type (not required to exceed 10 years), reconciliation of total net reserves included in development tables to the reported liability for unpaid losses and loss adjustment expenses, incurred but not reported (IBNR) information, quantitative information and a qualitative description about claim frequency, and the average annual percentage payout of incurred claims. Further, the new standard requires, when applicable, disclosures about discounting liabilities for unpaid losses and loss adjustment expenses and significant changes and reasons for changes in methodologies and assumptions used to determine unpaid losses and loss adjustment expenses. In addition, the roll forward of the liability for unpaid losses and loss adjustment expenses currently disclosed in annual financial statements will be required for interim periods beginning in the first quarter of 2017. Early adoption of the new annual and interim disclosures is permitted. We plan to adopt the standard on its required effective date. Because the new standard does not affect accounting recognition or measurement, the adoption of the standard will have no effect on our consolidated financial condition, results of operations, or cash flows.

SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2015

SEGMENT INFORMATION

Schedule of operations by reportable segment

	2015				2014
				Pre-Tax				Pre-Tax
Three Months Ended September 30,		Total		Operating		Total		Operating
(in millions)		Revenues		Income (Loss)		Revenues	Income (Loss)
Commercial Insurance
Property Casualty	$	5,715	$	569	$	6,425	$	952
Mortgage Guaranty		266		162		262		135
Institutional Markets		578		84		626		153
Total Commercial Insurance		6,559		815		7,313		1,240
Consumer Insurance
Retirement		2,203		635		2,472		1,094
Life		1,578		(40)		1,575		50
Personal Insurance		2,871		62		3,163		120
Total Consumer Insurance		6,652		657		7,210		1,264
Corporate and Other^*		109		(613)		1,121		149
AIG consolidation and elimination		(141)		(11)		(168)		(68)
Total AIG consolidated revenues and pre-tax operating income		13,179		848		15,476		2,585
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income (loss):
Changes in fair values of fixed maturity securities designated to
hedge living benefit liabilities, net of interest expense		4		4		32		32
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains		-		(2)		-		(45)
Loss on extinguishment of debt		-		(346)		-		(742)
Net realized capital gains (loss)		(342)		(342)		536		536
Net gain (loss) on sale of divested businesses		-		(3)		-		17
Non-operating litigation reserves and settlements		-		30		653		636
Reserve development related to non-operating run-off insurance business		-		(30)		-		-
Restructuring and other costs		-		(274)		-		-
Other		(19)		-		-		-
Revenues and pre-tax income (loss)	$	12,822	$	(115)	$	16,697	$	3,019

	2015				2014
				Pre-Tax				Pre-Tax
Nine Months Ended September 30,		Total		Operating		Total		Operating
(in millions)		Revenues		Income (Loss)		Revenues	Income (Loss)
Commercial Insurance
Property Casualty	$	17,904	$	2,931	$	18,868	$	3,313
Mortgage Guaranty		791		464		769		421
Institutional Markets		2,374		382		2,028		552
Total Commercial Insurance		21,069		3,777		21,665		4,286
Consumer Insurance
Retirement		7,056		2,239		7,367		2,773
Life		4,823		280		4,745		500
Personal Insurance		8,602		106		9,356		278
Total Consumer Insurance		20,481		2,625		21,468		3,551
Corporate and Other^*		2,270		(79)		3,218		39
AIG consolidation and elimination		(416)		(80)		(356)		(42)
Total AIG consolidated revenues and pre-tax operating income		43,404		6,243		45,995		7,834

Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Changes in fair values of fixed maturity securities designated to
hedge living benefit liabilities, net of interest expense		(39)		(39)		162		162
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains		-		(84)		-		(90)
Loss on extinguishment of debt		-		(756)		-		(1,014)
Net realized capital gains		1,125		1,125		546		546
Net gain (loss) on sale of divested businesses		(48)		(58)		1,602		2,189
Non-operating litigation reserves and settlements		91		86		691		145
Reserve development related to non-operating run-off insurance business		-		(30)		-		-
Restructuring and other costs		-		(274)		-		-
Other		(37)		-		-		-
Revenues and pre-tax income	$	44,496	$	6,213	$	48,996	$	9,772

* Corporate and Other includes income from assets held by AIG Parent and other corporate subsidiaries.

- 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.

+ References+ Details

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2015

FAIR VALUE MEASUREMENTS

Assets and liabilities measured at fair value on a recurring basis

September 30, 2015							Counterparty		Cash
(in millions)		Level 1		Level 2		Level 3		Netting^*	Collateral			Total
Assets:
Bonds available for sale:
U.S. government and government sponsored entities	$	8	$	1,874	$	-	$	-	$	-	$	1,882
Obligations of states, municipalities and political subdivisions		-		25,406		2,140		-		-		27,546
Non-U.S. governments		709		17,688		31		-		-		18,428
Corporate debt		-		137,646		2,476		-		-		140,122
RMBS		-		18,766		16,859		-		-		35,625
CMBS		-		10,988		2,729		-		-		13,717
CDO/ABS		-		9,526		6,108		-		-		15,634
Total bonds available for sale		717		221,894		30,343		-		-		252,954
Other bond securities:
U.S. government and government sponsored entities		155		3,658		-		-		-		3,813
Obligations of states, municipalities and political subdivisions		-		75		-		-		-		75
Non-U.S. governments		-		2		-		-		-		2
Corporate debt		-		1,233		16		-		-		1,249
RMBS		-		784		1,501		-		-		2,285
CMBS		-		600		219		-		-		819
CDO/ABS		-		1,432		7,147		-		-		8,579
Total other bond securities		155		7,784		8,883		-		-		16,822
Equity securities available for sale:
Common stock		2,961		-		-		-		-		2,961
Preferred stock		23		-		-		-		-		23
Mutual funds		806		2		-		-		-		808
Total equity securities available for sale		3,790		2		-		-		-		3,792
Other equity securities		1,044		-		22		-		-		1,066
Mortgage and other loans receivable		-		-		11		-		-		11
Other invested assets		2		4,371		4,960		-		-		9,333
Derivative assets:
Interest rate contracts		-		4,070		13		-		-		4,083
Foreign exchange contracts		-		836		-		-		-		836
Equity contracts		121		14		40		-		-		175
Commodity contracts		-		-		-		-		-		-
Credit contracts		-		-		3		-		-		3
Other contracts		-		-		27		-		-		27
Counterparty netting and cash collateral		-		-		-		(1,691)		(2,129)		(3,820)
Total derivative assets		121		4,920		83		(1,691)		(2,129)		1,304
Short-term investments		1,032		1,701		-		-		-		2,733
Separate account assets		72,370		4,766		-		-		-		77,136
Total	$	79,231	$	245,438	$	44,302	$	(1,691)	$	(2,129)	$	365,151
Liabilities:
Policyholder contract deposits	$	-	$	38	$	2,249	$	-	$	-	$	2,287
Other policyholder funds		-		8		-		-		-		8

Derivative liabilities:
Interest rate contracts		-		2,787		71		-		-		2,858
Foreign exchange contracts		-		1,208		7		-		-		1,215
Equity contracts		-		82		1		-		-		83
Commodity contracts		-		-		-		-		-		-
Credit contracts		-		-		531		-		-		531
Other contracts		-		1		78		-		-		79
Counterparty netting and cash collateral		-		-		-		(1,691)		(910)		(2,601)
Total derivative liabilities		-		4,078		688		(1,691)		(910)		2,165
Long-term debt		-		3,795		190		-		-		3,985
Other liabilities		116		182		-		-		-		298
Total	$	116	$	8,101	$	3,127	$	(1,691)	$	(910)	$	8,743

December 31, 2014							Counterparty		Cash
(in millions)		Level 1		Level 2		Level 3		Netting^*	Collateral			Total
Assets:
Bonds available for sale:
U.S. government and government sponsored entities	$	322	$	2,670	$	-	$	-	$	-	$	2,992
Obligations of states, municipalities and political subdivisions		-		25,500		2,159		-		-		27,659
Non-U.S. governments		742		20,323		30		-		-		21,095
Corporate debt		-		142,550		1,883		-		-		144,433
RMBS		-		20,715		16,805		-		-		37,520
CMBS		-		10,189		2,696		-		-		12,885
CDO/ABS		-		7,165		6,110		-		-		13,275
Total bonds available for sale		1,064		229,112		29,683		-		-		259,859
Other bond securities:
U.S. government and government sponsored entities		130		5,368		-		-		-		5,498
Obligations of states, municipalities and political subdivisions		-		122		-		-		-		122
Non-U.S. governments		-		2		-		-		-		2
Corporate debt		-		719		-		-		-		719
RMBS		-		989		1,105		-		-		2,094
CMBS		-		708		369		-		-		1,077
CDO/ABS		-		2,751		7,449		-		-		10,200
Total other bond securities		130		10,659		8,923		-		-		19,712
Equity securities available for sale:
Common stock		3,626		2		1		-		-		3,629
Preferred stock		25		-		-		-		-		25
Mutual funds		738		3		-		-		-		741
Total equity securities available for sale		4,389		5		1		-		-		4,395
Other equity securities		1,024		25		-		-		-		1,049
Mortgage and other loans receivable		-		-		6		-		-		6
Other invested assets		2		3,742		5,650		-		-		9,394
Derivative assets:
Interest rate contracts		2		3,729		12		-		-		3,743
Foreign exchange contracts		-		839		1		-		-		840
Equity contracts		98		58		51		-		-		207
Commodity contracts		-		-		-		-		-		-
Credit contracts		-		-		4		-		-		4
Other contracts		-		-		31		-		-		31
Counterparty netting and cash collateral		-		-		-		(2,102)		(1,119)		(3,221)
Total derivative assets		100		4,626		99		(2,102)		(1,119)		1,604

Short-term investments		584		1,100		-		-		-		1,684
Separate account assets		73,939		6,097		-		-		-		80,036
Total	$	81,232	$	255,366	$	44,362	$	(2,102)	$	(1,119)	$	377,739
Liabilities:
Policyholder contract deposits	$	-	$	52	$	1,509	$	-	$	-	$	1,561
Other policyholder funds		-		8		-		-		-		8
Derivative liabilities:
Interest rate contracts		-		3,047		86		-		-		3,133
Foreign exchange contracts		-		1,482		9		-		-		1,491
Equity contracts		-		98		4		-		-		102
Commodity contracts		-		6		-		-		-		6
Credit contracts		-		-		982		-		-		982
Other contracts		-		-		90		-		-		90
Counterparty netting and cash collateral		-		-		-		(2,102)		(1,429)		(3,531)
Total derivative liabilities		-		4,633		1,171		(2,102)		(1,429)		2,273
Long-term debt		-		5,253		213		-		-		5,466
Other liabilities		34		316		-		-		-		350
Total	$	34	$	10,262	$	2,893	$	(2,102)	$	(1,429)	$	9,658

* Represents netting of derivative exposures covered by a qualifying master netting agreement.

Changes in Level 3 recurring fair value measurements

				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair Value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair Value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Settlements, Net		In		Out		of Period		at End of Period
Three Months Ended September 30, 2015
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	2,180	$	(1)	$	(15)	$	16	$	-	$	(40)	$	2,140	$	-
Non-U.S. governments		33		-		(1)		(1)		-		-		31		-
Corporate debt		2,118		5		2		(63)		987		(573)		2,476		-
RMBS		17,097		265		(151)		(352)		-		-		16,859		-
CMBS		2,677		17		(15)		50		-		-		2,729		-
CDO/ABS		6,071		8		57		(21)		6		(13)		6,108		-
Total bonds available for sale		30,176		294		(123)		(371)		993		(626)		30,343		-
Other bond securities:
Corporate debt		16		-		-		-		-		-		16		-
RMBS		1,337		(4)		-		169		-		(1)		1,501		(3)
CMBS		223		(1)		-		(8)		5		-		219		(1)
CDO/ABS		7,426		85		-		(415)		51		-		7,147		23
Total other bond securities		9,002		80		-		(254)		56		(1)		8,883		19
Equity securities available for sale:
Common stock		-		-		-		-		-		-		-		-
Total equity securities available for sale		-		-		-		-		-		-		-		-
Other equity securities		22		-		-		-		-		-		22		-
Mortgage and other loans receivable		6		-		-		5		-		-		11		-
Other invested assets		5,075		(52)		(90)		64		15		(52)		4,960		-
Total	$	44,281	$	322	$	(213)	$	(556)	$	1,064	$	(679)	$	44,219	$	19
Liabilities:
Policyholder contract deposits	$	(1,232)	$	(871)	$	-	$	(146)	$	-	$	-	$	(2,249)	$	32
Derivative liabilities, net:
Interest rate contracts		(62)		(3)		-		7		-		-		(58)		(4)
Foreign exchange contracts		(7)		(1)		-		1		-		-		(7)		(2)
Equity contracts		63		(21)		-		(3)		-		-		39		(21)
Commodity contracts		-		-		-		-		-		-		-		-
Credit contracts		(551)		11		-		12		-		-		(528)		23
Other contracts		(16)		(12)		-		(23)		-		-		(51)		(13)
Total derivative liabilities, net^(a)		(573)		(26)		-		(6)		-		-		(605)		(17)
Long-term debt^(b)		(193)		3		-		-		-		-		(190)		-
Total	$	(1,998)	$	(894)	$	-	$	(152)	$	-	$	-	$	(3,044)	$	15

				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair Value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair Value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period^(a)		in Income		Income (Loss)		Settlements, Net		In		Out		of Period		at End of Period
Nine Months Ended September 30, 2015
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	2,159	$	-	$	(94)	$	174	$	-	$	(99)	$	2,140	$	-
Non-U.S. governments		30		-		(2)		3		-		-		31		-
Corporate debt		1,883		19		(31)		(209)		1,443		(629)		2,476		-
RMBS		16,805		804		(322)		(428)		-		-		16,859		-
CMBS		2,696		63		(45)		97		-		(82)		2,729		-
CDO/ABS		6,110		138		(110)		98		6		(134)		6,108		-
Total bonds available for sale		29,683		1,024		(604)		(265)		1,449		(944)		30,343		-
Other bond securities:
Corporate debt		-		-		-		-		16		-		16		-
RMBS		1,105		22		-		389		44		(59)		1,501		(21)
CMBS		369		7		-		(162)		5		-		219		(3)
CDO/ABS		7,449		482		-		(1,341)		632		(75)		7,147		(55)
Total other bond securities		8,923		511		-		(1,114)		697		(134)		8,883		(79)
Equity securities available for sale:
Common stock		1		2		-		(3)		-		-		-		-
Total equity securities available for sale		1		2		-		(3)		-		-		-		-
Other equity securities		-		-		-		-		22		-		22		(2)
Mortgage and other loans receivable		6		-		-		5		-		-		11		-
Other invested assets		5,650		475		(639)		(522)		113		(117)		4,960		-
Total	$	44,263	$	2,012	$	(1,243)	$	(1,899)	$	2,281	$	(1,195)	$	44,219	$	(81)
Liabilities:
Policyholder contract deposits	$	(1,509)	$	(410)	$	-	$	(330)	$	-	$	-	$	(2,249)	$	72
Derivative liabilities, net:
Interest rate contracts		(74)		(3)		-		19		-		-		(58)		(4)
Foreign exchange contracts		(8)		2		-		(1)		-		-		(7)		1
Equity contracts		47		(15)		-		7		-		-		39		(19)
Commodity contracts		-		-		-		-		-		-		-		-
Credit contracts		(978)		171		-		279		-		-		(528)		73
Other contracts		(59)		61		-		(53)		-		-		(51)		53
Total derivative liabilities, net^(a)		(1,072)		216		-		251		-		-		(605)		104
Long-term debt^(b)		(213)		5		-		18		-		-		(190)		13
Total	$	(2,794)	$	(189)	$	-	$	(61)	$	-	$	-	$	(3,044)	$	189

				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Settlements, Net		In		Out		of Period		at End of Period
Three Months Ended September 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	1,991	$	(1)	$	(11)	$	43	$	-	$	(8)	$	2,014	$	-
Non-U.S. governments		25		-		-		1		-		(3)		23		-
Corporate debt		2,196		2		(22)		(73)		3		(97)		2,009		-
RMBS		16,328		264		(49)		375		-		-		16,918		-
CMBS		5,917		27		(39)		14		-		(3)		5,916		-
CDO/ABS		7,431		18		(2)		692		53		(35)		8,157		-
Total bonds available for sale		33,888		310		(123)		1,052		56		(146)		35,037		-
Other bond securities:
RMBS		1,062		-		-		(39)		-		-		1,023		(9)
CMBS		757		(24)		-		(20)		-		-		713		(21)
CDO/ABS		8,397		257		-		(451)		-		(134)		8,069		76
Total other bond securities		10,216		233		-		(510)		-		(134)		9,805		46
Equity securities available for sale:
Common stock		-		-		1		-		-		(1)		-		-
Preferred stock		-		-		-		-		-		-		-		-
Mutual funds		-		-		-		-		1		-		1		-
Total equity securities available for sale		-		-		1		-		1		(1)		1		-
Mortgage and other loans receivable		6		-		-		-		-		-		6		-
Other invested assets		5,824		(7)		90		65		83		(246)		5,809		-
Total	$	49,934	$	536	$	(32)	$	607	$	140	$	(527)	$	50,658	$	46
Liabilities:
Policyholder contract deposits	$	(842)	$	(155)	$	8	$	(2)	$	-	$	-	$	(991)	$	(21)
Derivative liabilities, net:
Interest rate contracts		(67)		(3)		-		1		-		(2)		(71)		(3)
Foreign exchange contracts		(9)		-		-		2		-		-		(7)		-
Equity contracts		91		6		-		2		-		(53)		46		-
Commodity contracts		1		(1)		-		-		-		-		-		-
Credit contracts		(1,085)		75		-		(8)		-		-		(1,018)		65
Other contracts		(53)		14		4		(20)		-		-		(55)		17
Total derivatives liabilities, net^(a)		(1,122)		91		4		(23)		-		(55)		(1,105)		79
Long-term debt^(b)		(394)		21		-		1		-		75		(297)		16
Total	$	(2,358)	$	(43)	$	12	$	(24)	$	-	$	20	$	(2,393)	$	74

				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period		in Income		Income (Loss)		Settlements, Net		In		Out		of Period		at End of Period
Nine Months Ended September 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions^(c)	$	1,080	$	(1)	$	180	$	896	$	-	$	(141)	$	2,014	$	-
Non-U.S. governments		16		-		(1)		7		4		(3)		23		-
Corporate debt		1,255		8		31		(140)		1,358		(503)		2,009		-
RMBS		14,941		759		211		999		119		(111)		16,918		-
CMBS		5,735		50		201		(43)		69		(96)		5,916		-
CDO/ABS		6,974		70		1		1,426		222		(536)		8,157		-
Total bonds available for sale		30,001		886		623		3,145		1,772		(1,390)		35,037		-
Other bond securities:
RMBS		937		51		-		33		2		-		1,023		9
CMBS		844		14		-		(151)		6		-		713		11
CDO/ABS		8,834		926		-		(1,338)		1		(354)		8,069		341
Total other bond securities		10,615		991		-		(1,456)		9		(354)		9,805		361
Equity securities available for sale:
Common stock		1		-		1		-		-		(2)		-		-
Preferred stock		-		-		-		-		-		-		-		-
Mutual funds		-		-		-		-		1		-		1		-
Total equity securities available for sale		1		-		1		-		1		(2)		1		-
Mortgage and other loans receivable		-		-		-		6		-		-		6		-
Other invested assets		5,930		80		139		99		168		(607)		5,809		-
Total	$	46,547	$	1,957	$	763	$	1,794	$	1,950	$	(2,353)	$	50,658	$	361
Liabilities:
Policyholder contract deposits	$	(312)	$	(687)	$	(16)	$	24	$	-	$	-	$	(991)	$	(140)
Derivative liabilities, net:
Interest rate contracts		(100)		(2)		-		33		-		(2)		(71)		-
Foreign exchange contracts		-		3		-		(10)		-		-		(7)		4
Equity contracts		49		14		-		(12)		48		(53)		46		6
Commodity contracts		1		-		-		-		-		(1)		-		-
Credit contracts		(1,280)		229		-		33		-		-		(1,018)		229
Other contracts		(109)		49		51		(46)		-		-		(55)		37
Total derivatives liabilities, net^(a)		(1,439)		293		51		(2)		48		(56)		(1,105)		276
Long-term debt^(b)		(370)		13		-		34		(70)		96		(297)		15
Total	$	(2,121)	$	(381)	$	35	$	56	$	(22)	$	40	$	(2,393)	$	151

(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.

(c) Purchases, Sales, Issues and Settlements, Net primarily reflect the effect of consolidating previously unconsolidated securitization vehicles.

Schedule of net realized and unrealized gains and losses related to Level 3 items

		Net		Net Realized
		Investment		Capital		Other
(in millions)		Income	Gains (Losses)			Income		Total
Three Months Ended September 30, 2015
Bonds available for sale	$	304	$	(15)	$	5	$	294
Other bond securities		7		-		73		80
Equity securities available for sale		-		-		-		-
Other invested assets		(25)		(22)		(5)		(52)
Policyholder contract deposits		-		(871)		-		(871)
Derivative liabilities, net		-		(17)		(9)		(26)
Long-term debt		-		-		3		3
Three Months Ended September 30, 2014
Bonds available for sale	$	320	$	(22)	$	12	$	310
Other bond securities		(3)		-		236		233
Equity securities available for sale		-		-		-		-
Other invested assets		18		(20)		(5)		(7)
Policyholder contract deposits		-		(155)		-		(155)
Derivative liabilities, net		18		(1)		74		91
Long-term debt		-		-		21		21
Nine Months Ended September 30, 2015
Bonds available for sale	$	926	$	(14)	$	112	$	1,024
Other bond securities		48		3		460		511
Equity securities available for sale		-		2		-		2
Other invested assets		61		355		59		475
Policyholder contract deposits		-		(410)		-		(410)
Derivative liabilities, net		-		(12)		228		216
Long-term debt		-		-		5		5
Nine Months Ended September 30, 2014
Bonds available for sale	$	922	$	(73)	$	37	$	886
Other bond securities		97		2		892		991
Equity securities available for sale		-		-		-		-
Other invested assets		107		(33)		6		80
Policyholder contract deposits		-		(687)		-		(687)
Derivative liabilities, net		49		4		240		293
Long-term debt		-		-		13		13

Gross components of purchases, sales, issuances and settlements, net

								Purchases,
								Sales, Issues and
(in millions)		Purchases		Sales		Settlements		Settlements, Net^(a)
Three Months Ended September 30, 2015
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	35	$	-	$	(19)	$	16
Non-U.S. governments		3		(1)		(3)		(1)
Corporate debt		32		-		(95)		(63)

RMBS		449		(29)		(772)		(352)
CMBS		50		-		-		50
CDO/ABS		160		(9)		(172)		(21)
Total bonds available for sale		729		(39)		(1,061)		(371)
Other bond securities:
RMBS		218		(6)		(43)		169
CMBS		-		-		(8)		(8)
CDO/ABS		10		(5)		(420)		(415)
Total other bond securities		228		(11)		(471)		(254)
Equity securities available for sale		-		-		-		-
Mortgage and other loans receivable		5		-		-		5
Other invested assets		193		-		(129)		64
Total assets	$	1,155	$	(50)	$	(1,661)	$	(556)
Liabilities:
Policyholder contract deposits	$	-	$	(122)	$	(24)	$	(146)
Derivative liabilities, net		1		-		(7)		(6)
Long-term debt^(b)		-		-		-		-
Total liabilities	$	1	$	(122)	$	(31)	$	(152)
Three Months Ended September 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	66	$	(3)	$	(20)	$	43
Non-U.S. governments		1		-		-		1
Corporate debt		22		-		(95)		(73)
RMBS		1,062		(62)		(625)		375
CMBS		276		(167)		(95)		14
CDO/ABS		1,085		(68)		(325)		692
Total bonds available for sale		2,512		(300)		(1,160)		1,052
Other bond securities:
RMBS		-		(3)		(36)		(39)
CMBS		-		(9)		(11)		(20)
CDO/ABS		6		(4)		(453)		(451)
Total other bond securities		6		(16)		(500)		(510)
Equity securities available for sale		-		-		-		-
Other invested assets		276		-		(211)		65
Total assets	$	2,794	$	(316)	$	(1,871)	$	607
Liabilities:
Policyholder contract deposits	$	-	$	(36)	$	34	$	(2)
Derivative liabilities, net		-		(2)		(21)		(23)
Long-term debt^(b)		-		-		1		1
Total liabilities	$	-	$	(38)	$	14	$	(24)
								Purchases,
								Sales, Issues and
(in millions)		Purchases		Sales		Settlements		Settlements, Net^(a)
Nine Months Ended September 30, 2015
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	258	$	(22)	$	(62)	$	174
Non-U.S. governments		11		(1)		(7)		3
Corporate debt		220		(60)		(369)		(209)

RMBS		1,856		(194)		(2,090)		(428)
CMBS		192		(27)		(68)		97
CDO/ABS		1,021		(210)		(713)		98
Total bonds available for sale		3,558		(514)		(3,309)		(265)
Other bond securities:
RMBS		527		(16)		(122)		389
CMBS		-		(79)		(83)		(162)
CDO/ABS		236		(376)		(1,201)		(1,341)
Total other bond securities		763		(471)		(1,406)		(1,114)
Equity securities available for sale		-		(2)		(1)		(3)
Mortgage and other loans receivable		5		-		-		5
Other invested assets		497		(587)		(432)		(522)
Total assets	$	4,823	$	(1,574)	$	(5,148)	$	(1,899)
Liabilities:
Policyholder contract deposits	$	-	$	(307)	$	(23)	$	(330)
Derivative liabilities, net		18		-		233		251
Long-term debt^(b)		-		-		18		18
Total liabilities	$	18	$	(307)	$	228	$	(61)
Nine Months Ended September 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions^(c)	$	1,002	$	(35)	$	(71)	$	896
Non-U.S. governments		8		-		(1)		7
Corporate debt		141		(8)		(273)		(140)
RMBS		2,814		(88)		(1,727)		999
CMBS		368		(224)		(187)		(43)
CDO/ABS		2,307		(70)		(811)		1,426
Total bonds available for sale		6,640		(425)		(3,070)		3,145
Other bond securities:
RMBS		162		(22)		(107)		33
CMBS		-		(15)		(136)		(151)
CDO/ABS		50		(19)		(1,369)		(1,338)
Total other bond securities		212		(56)		(1,612)		(1,456)
Equity securities available for sale		-		-		-		-
Mortgage and other loans receivable		6		-		-		6
Other invested assets		709		(1)		(609)		99
Total assets	$	7,567	$	(482)	$	(5,291)	$	1,794
Liabilities:
Policyholder contract deposits	$	-	$	(94)	$	118	$	24
Derivative liabilities, net		1		(2)		(1)		(2)
Long-term debt^(b)		-		-		34		34
Total liabilities	$	1	$	(96)	$	151	$	56

(a) There were no issuances during the three- and nine-month periods ended September 30, 2015 and 2014, respectively.

(b) Includes GIAs, notes, bonds, loans and mortgages payable.

Significant unobservable inputs used for recurring fair value measurements

	Fair Value at
	September 30,		Valuation		Range
(in millions)	2015		Technique	Unobservable Input	(Weighted Average)
Assets:

Obligations of states,	$	1,199	Discounted cash flow	Yield^(b)	4.34% - 5.16% (4.75%)
municipalities and
political subdivisions

Corporate debt		1,506	Discounted cash flow	Yield^(b)	3.91% - 5.80% (4.85%)


RMBS		17,609	Discounted cash flow	Constant prepayment rate^(a)(c)	0.93% - 8.91% (4.92%)
				Loss severity^(a)(c)	45.29% - 77.96% (61.63%)
				Constant default rate^(a)(c)	3.47% - 9.01% (6.24%)
				Yield^(c)	3.02% - 5.96% (4.49%)

CDO/ABS		3,217	Discounted cash flow	Yield^(c)	2.79% - 4.33% (3.56%)

CMBS		2,656	Discounted cash flow	Yield^(b)	0.00% - 18.45% (6.07%)
Liabilities:

Policyholder contract
deposits

GMWB		1,392	Discounted cash flow	Equity implied volatility^(b)	6.00% - 39.00%^(d)
				Base lapse rate^(b)	0.50% - 30.00%^(d)
				Dynamic lapse rate^(b)	0.07% - 45.00%^(d)
				Mortality rate^(b)	0.05% - 35.00%^(d)
				Utilization rate^(b)	1.00% - 65.00%^(d)

Index Annuities		556	Discounted cash flow	Lapse rate	0.75% - 66.00%^(d)
				Mortality rate	0.02% - 44.06%^(d)

Indexed Life		295	Discounted cash flow	Equity implied volatility	10.00% to 25.00%^(d)
				Base lapse rate	2.00% to 19.00%^(d)
				Mortality rate	0.00% to 20.00%^(d)


		Fair Value at
		December 31,	Valuation		Range
(in millions)		2014	Technique	Unobservable Input	(Weighted Average )
Assets:

Obligations of states,	$	1,178	Discounted cash flow	Yield^(b)	3.9% - 4.62% (4.26%)
municipalities and
political subdivisions

Corporate debt		1,145	Discounted cash flow	Yield^(b)	3.46% - 8.75% (6.10%)


RMBS		17,353	Discounted cash flow	Constant prepayment rate^(a)(c)	0.59% - 9.35% (4.97%)
				Loss severity^(a)(c)	46.04% - 79.56% (62.80%)
				Constant default rate^(a)(c)	3.67% - 9.96% (6.82%)
				Yield^(c)	2.67% - 6.64% (4.65%)

CDO/ABS		5,282	Discounted cash flow	Yield^(c)	4.70% - 9.70% (7.10%)

CMBS		2,687	Discounted cash flow	Yield^(b)	0.00% - 17.29% (6.06%)
Liabilities:

Policyholder contract
deposits

GMWB		890	Discounted cash flow	Equity implied volatility^(b)	6.00% - 39.00%^(d)
				Base lapse rate^(b)	1.00% - 40.00%^(d)
				Dynamic lapse rate^(b)	0.20% - 60.00%^(d)
				Mortality rate^(b)	0.10% - 35.00%^(d)
				Utilization rate^(b)	0.50% - 30.00%^(d)

Index Annuities		294	Discounted cash flow	Lapse rate	0.75% - 66.00%^(d)
				Mortality rate	0.02% - 44.06%^(d)

Indexed Life		259	Discounted cash flow	Equity implied volatility	10.00% to 25.00%^(d)
				Base lapse rate	2.00% to 19.00%^(d)
				Mortality rate	0.00% to 20.00%^(d)

Total derivative
liabilities, net^(e)		791	BET	Recovery rate^(b)	5.00% - 23.00% (13.00%)
				Diversity score^(b)	8 - 25 (13)
				Weighted average life^(b)	2.67 - 10.49 years (4.65 years)

(b) Represents discount rates, estimates and assumptions that we believe would be used by market participants when valuing these assets and liabilities.

(d) Represents actual maximum and minimum, not weighted average rates.

(e) Beginning in the third quarter of 2015, we have begun valuing these transactions using prices obtained from vendors and/or counterparties and discontinued use of the BET model.

Investments in Certain Entities Carried at Fair Value Using Net Asset Value per Share

		September 30, 2015				December 31, 2014
			Fair Value Using Net Asset Value Per Share (or its equivalent)				Fair Value Using Net Asset Value Per Share (or its equivalent)

					Unfunded				Unfunded
(in millions)	Investment Category Includes				Commitments				Commitments
Investment Category
Private equity funds:
Leveraged buyout	Debt and/or equity investments made as part of a transaction in which assets of mature companies are acquired from the current shareholders, typically with the use of financial leverage	$	1,941	$	423	$	2,275	$	450

Real Estate / Infrastructure	Investments in real estate properties and infrastructure positions, including power plants and other energy generating facilities		328		202		384		227

Venture capital	Early-stage, high-potential, growth companies expected to generate a return through an eventual realization event, such as an initial public offering or sale of the company		118		53		121		26

Distressed	Securities of companies that are in default, under bankruptcy protection, or troubled		158		42		164		43

Other	Includes multi-strategy, mezzanine and other strategies		288		260		216		234
Total private equity funds			2,833		980		3,160		980
Hedge funds:
Event-driven	Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations		1,242		-		1,109		-

Long-short	Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk		2,998		8		2,428		1

Macro	Investments that take long and short positions in financial instruments based on a top-down view of certain economic and capital market conditions		552		-		498		-

Distressed	Securities of companies that are in default, under bankruptcy protection or troubled		736		10		731		5

Emerging markets	Investments in the financial markets of developing countries		358		-		308		-

Other	Includes multi-strategy, relative value and other strategies		162		-		125		-
Total hedge funds			6,048		18		5,199		6
Total		$	8,881	$	998	$	8,359	$	986

Gains or losses related to the eligible instruments for which AIG elected the fair value option

	Gain (Loss) Three Months Ended September 30,				Gain (Loss) Nine Months Ended September 30,
	Gain (Loss) Three Months Ended September 30,				Gain (Loss) Nine Months Ended September 30,
(in millions)		2015		2014		2015		2014
Assets:
Bond and equity securities	$	(106)	$	252	$	495	$	1,529
Alternative Investments^(a)		(115)		73		148		245
Other, including Short-term investments		-		2		2		7
Liabilities:
Long-term debt^(b)		(144)		23		(89)		(186)
Other liabilities		-		(4)		(3)		(10)
Total gain (loss)	$	(365)	$	346	$	553	$	1,585

(a) Includes hedge funds, private equity funds and other investment partnerships.

(b) Includes GIAs, notes, bonds, loans and mortgages payable.

Difference between fair values and aggregate contractual principal amounts, fair value option

	September 30, 2015						December 31, 2014
			Outstanding						Outstanding
(in millions)	Fair Value		Principal Amount		Difference		Fair Value		Principal Amount		Difference
Assets:
Mortgage and other loans receivable	$	11	$	9	$	2	$	6	$	4	$	2
Liabilities:
Long-term debt^*	$	3,985	$	2,883	$	1,102	$	5,466	$	4,101	$	1,365

* Includes GIAs, notes, bonds, loans and mortgages payable.

Fair value assets measured on nonrecurring basis and impairment charges

	Assets at Fair Value								Impairment Charges
	Non-Recurring Basis								Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	Level 1		Level 2		Level 3			Total		2015		2014		2015		2014
September 30, 2015
Other investments	$	-	$	-	$	986	$	986	$	22	$	62	$	74	$	117
Investments in life settlements		-		-		633		633		58		52		200		139
Other assets		-		-		12		12		4		1		12		2
Total	$	-	$	-	$	1,631	$	1,631	$	84	$	115	$	286	$	258
December 31, 2014
Other investments	$	-	$	-	$	790	$	790
Investments in life settlements		-		-		537		537
Other assets		-		-		1		1
Total	$	-	$	-	$	1,328	$	1,328

Carrying value and estimated fair value of AIG's financial instruments

	Estimated Fair Value									Carrying
(in millions)		Level 1		Level 2		Level 3		Total		Value
September 30, 2015
Assets:
Mortgage and other loans receivable	$	-	$	202	$	29,134	$	29,336	$	28,225
Other invested assets		-		486		3,000		3,486		4,338
Short-term investments		-		9,675		-		9,675		9,675
Cash		1,569		-		-		1,569		1,569
Liabilities:
Policyholder contract deposits associated
with investment-type contracts		-		268		115,672		115,940		107,422
Other liabilities		-		1,756		-		1,756		1,756
Long-term debt		-		22,993		4,742		27,735		26,734
December 31, 2014
Assets:
Mortgage and other loans receivable	$	-	$	449	$	26,157	$	26,606	$	24,984
Other invested assets		-		593		2,882		3,475		4,352
Short-term investments		-		9,559		-		9,559		9,559
Cash		1,758		-		-		1,758		1,758
Liabilities:
Policyholder contract deposits associated
with investment-type contracts		-		244		119,268		119,512		106,395
Other liabilities		-		1,120		-		1,120		1,120
Long-term debt		-		24,749		2,932		27,681		25,751

INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2015

INVESTMENTS

The amortized cost or cost and fair value of AIG's available for sale securities and other invested assets carried at fair value

										Other-Than-
		Amortized		Gross		Gross				Temporary
		Cost or		Unrealized		Unrealized		Fair		Impairments
(in millions)		Cost		Gains		Losses		Value		in AOCI^(a)
September 30, 2015
Bonds available for sale:
U.S. government and government sponsored entities	$	1,705	$	179	$	(2)	$	1,882	$	-
Obligations of states, municipalities and political subdivisions		26,305		1,361		(120)		27,546		16
Non-U.S. governments		17,940		818		(330)		18,428		-
Corporate debt		134,852		8,032		(2,762)		140,122		21
Mortgage-backed, asset-backed and collateralized:
RMBS		32,891		3,046		(312)		35,625		1,479
CMBS		13,014		775		(72)		13,717		206
CDO/ABS		15,278		505		(149)		15,634		40
Total mortgage-backed, asset-backed and collateralized		61,183		4,326		(533)		64,976		1,725
Total bonds available for sale^(b)		241,985		14,716		(3,747)		252,954		1,762
Equity securities available for sale:
Common stock		986		1,993		(18)		2,961		-
Preferred stock		19		4		-		23		-
Mutual funds		801		43		(36)		808		-
Total equity securities available for sale		1,806		2,040		(54)		3,792		-
Total	$	243,791	$	16,756	$	(3,801)	$	256,746	$	1,762
December 31, 2014
Bonds available for sale:
U.S. government and government sponsored entities	$	2,806	$	204	$	(18)	$	2,992	$	-
Obligations of states, municipalities and political subdivisions		25,979		1,729		(49)		27,659		(13)
Non-U.S. governments		20,280		966		(151)		21,095		-
Corporate debt		134,961		10,594		(1,122)		144,433		64
Mortgage-backed, asset-backed and collateralized:
RMBS		34,377		3,435		(292)		37,520		1,767
CMBS		12,129		815		(59)		12,885		215
CDO/ABS		12,775		628		(128)		13,275		47
Total mortgage-backed, asset-backed and collateralized		59,281		4,878		(479)		63,680		2,029
Total bonds available for sale^(b)		243,307		18,371		(1,819)		259,859		2,080
Equity securities available for sale:
Common stock		1,185		2,461		(17)		3,629		-
Preferred stock		21		4		-		25		-
Mutual funds		724		54		(37)		741		-
Total equity securities available for sale		1,930		2,519		(54)		4,395		-
Total	$	245,237	$	20,890	$	(1,873)	$	264,254	$	2,080

(b) At September 30, 2015 and December 31, 2014, bonds available for sale held by us that were below investment grade or not rated totaled $35.4 billion and $35.1 billion, respectively.

The fair value and gross unrealized losses on AIG's available for sale securities, aggregated by major investment category and length of time that individual securities have been in a continuous unrealized loss position

	Less than 12 Months				12 Months or More				Total
				Gross				Gross				Gross
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(in millions)		Value		Losses		Value		Losses		Value		Losses
September 30, 2015
Bonds available for sale:
U.S. government and government sponsored entities	$	121	$	2	$	1	$	-	$	122	$	2
Obligations of states, municipalities and political
subdivisions		3,190		103		259		17		3,449		120
Non-U.S. governments		4,140		194		725		136		4,865		330
Corporate debt		32,818		1,858		4,664		904		37,482		2,762
RMBS		5,056		82		4,146		230		9,202		312
CMBS		2,239		46		571		26		2,810		72
CDO/ABS		4,686		44		2,018		105		6,704		149
Total bonds available for sale		52,250		2,329		12,384		1,418		64,634		3,747
Equity securities available for sale:
Common stock		96		18		6		-		102		18
Mutual funds		297		28		16		8		313		36
Total equity securities available for sale		393		46		22		8		415		54
Total	$	52,643	$	2,375	$	12,406	$	1,426	$	65,049	$	3,801
December 31, 2014
Bonds available for sale:
U.S. government and government sponsored entities	$	526	$	5	$	281	$	13	$	807	$	18
Obligations of states, municipalities and political
subdivisions		495		9		794		40		1,289		49
Non-U.S. governments		1,606		42		1,690		109		3,296		151
Corporate debt		12,132		450		11,570		672		23,702		1,122
RMBS		4,621		109		3,996		183		8,617		292
CMBS		220		1		2,087		58		2,307		59
CDO/ABS		3,857		50		1,860		78		5,717		128
Total bonds available for sale		23,457		666		22,278		1,153		45,735		1,819
Equity securities available for sale:
Common stock		88		16		2		1		90		17
Mutual funds		280		37		64		-		344		37
Total equity securities available for sale		368		53		66		1		434		54
Total	$	23,825	$	719	$	22,344	$	1,154	$	46,169	$	1,873

The amortized cost and fair value of fixed maturity securities available for sale by contractual maturity

	Total Fixed Maturity Securities				Fixed Maturity Securities in a Loss
September 30, 2015	Available for Sale				Position Available for Sale
(in millions)		Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	10,295	$	10,412	$	945	$	926
Due after one year through five years		46,854		49,320		7,176		6,915
Due after five years through ten years		55,985		57,443		17,681		16,601
Due after ten years		67,668		70,803		23,330		21,476
Mortgage-backed, asset-backed and collateralized		61,183		64,976		19,249		18,716
Total	$	241,985	$	252,954	$	68,381	$	64,634
December 31, 2014
Due in one year or less	$	9,821	$	9,975	$	637	$	620
Due after one year through five years		48,352		50,873		6,669		6,529
Due after five years through ten years		62,685		65,889		12,873		12,338
Due after ten years		63,168		69,442		10,255		9,607
Mortgage-backed, asset-backed and collateralized		59,281		63,680		17,120		16,641
Total	$	243,307	$	259,859	$	47,554	$	45,735

The gross realized gains and gross realized losses from sales of AIG's available for sale securities

	Three Months Ended September 30,								Nine Months Ended September 30,
		2015				2014			2015					2014
		Gross		Gross		Gross		Gross		Gross		Gross		Gross		Gross
	Realized		Realized		Realized		Realized		Realized		Realized		Realized			Realized
(in millions)		Gains		Losses		Gains		Losses		Gains		Losses		Gains		Losses
Fixed maturity securities	$	96	$	112	$	118	$	21	$	439	$	289		$	528	$	65
Equity securities		24		8		33		4		544		16			102		10
Total	$	120	$	120	$	151	$	25	$	983	$	305		$	630	$	75

The fair value of AIG's other securities

		September 30, 2015				December 31, 2014
		Fair	Percent			Fair	Percent
(in millions)		Value	of Total			Value	of Total
Fixed maturity securities:
U.S. government and government sponsored entities	$	3,813	21	%	$	5,498	27	%
Obligations of states, municipalities and political subdivisions		75	-			122	1
Non-U.S. governments		2	-			2	-
Corporate debt		1,249	7			719	3
Mortgage-backed, asset-backed and collateralized:
RMBS		2,285	13			2,094	10
CMBS		819	5			1,077	5
CDO/ABS and other collateralized^*		8,579	48			10,200	49
Total mortgage-backed, asset-backed and collateralized		11,683	66			13,371	64
Total fixed maturity securities		16,822	94			19,712	95
Equity securities		1,066	6			1,049	5
Total	$	17,888	100	%	$	20,761	100	%

* Includes $748 million and $859 million of U.S. Government agency-backed ABS at September 30, 2015 and December 31, 2014, respectively.

Components of net investment income

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2015		2014		2015		2014
Fixed maturity securities, including short-term investments	$	2,794	$	3,022	$	8,477	$	9,264
Equity securities		(5)		135		76		67
Interest on mortgage and other loans		360		318		1,046		947
Alternative investments^*		88		636		1,471		2,108
Real estate		66		25		116		86
Other investments		36		25		86		34
Total investment income		3,339		4,161		11,272		12,506
Investment expenses		133		133		402		398
Net investment income	$	3,206	$	4,028	$	10,870	$	12,108

* Includes hedge funds, private equity funds, affordable housing partnerships, investments in life settlements and other investment partnerships.

Components of net realized capital gains (losses)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2015		2014		2015			2014
Sales of fixed maturity securities	$	(16)	$	97	$	150		$	463
Sales of equity securities		16		29		528			92
Other-than-temporary impairments:
Severity		(10)		-		(12)			-
Change in intent		(81)		(14)		(193)			(20)
Foreign currency declines		(5)		(3)		(37)			(13)
Issuer-specific credit events		(176)		(31)		(314)			(124)
Adverse projected cash flows		(1)		(2)		(9)			(7)
Provision for loan losses		32		(11)		43			9
Foreign exchange transactions		(16)		350		304			329
Derivative instruments		13		102		509			(114)
Impairments on investments in life settlements		(58)		(52)		(200)			(139)
Other		(40)		71		356	^*		70
Net realized capital gains (losses)	$	(342)	$	536	$	1,125		$	546

* Includes realized gains due to the sale of Class B shares of Prudential Financial, Inc. and common shares of Springleaf Holdings, Inc. and realized losses on the sale of ordinary shares of AerCap.

Schedule of increase (decrease) in unrealized appreciation (depreciation) of available for sale securities and other investements

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2015		2014		2015		2014
Increase (decrease) in unrealized appreciation (depreciation) of investments:
Fixed maturity securities	$	(1,180)	$	(1,515)	$	(5,583)	$	6,123
Equity securities		(384)		303		(479)		348
Other investments		(85)		94		(625)		127
Total Increase (decrease) in unrealized appreciation (depreciation) of investments	$	(1,649)	$	(1,118)	$	(6,687)	$	6,598

Credit impairments recognized in earnings for available for sale fixed maturity securities

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2015		2014		2015		2014
Balance, beginning of period	$	2,238	$	3,166	$	2,659	$	3,872
Increases due to:
Credit impairments on new securities subject to impairment losses		51		13		101		35
Additional credit impairments on previously impaired securities		37		5		84		59
Reductions due to:
Credit impaired securities fully disposed of for which there was no
prior intent or requirement to sell		(63)		(116)		(213)		(528)
Credit impaired securities for which there is a current intent or
anticipated requirement to sell		(1)		-		(1)		-
Accretion on securities previously impaired due to credit^*		(197)		(183)		(565)		(544)
Other		-		-		-		(9)
Balance, end of period	$	2,065	$	2,885	$	2,065	$	2,885

Schedule of Purchased Credit Impaired (PCI) Securities, at acquisition date

(in millions)	At Date of Acquisition
Contractually required payments (principal and interest)	$	32,656
Cash flows expected to be collected^*		26,444
Recorded investment in acquired securities		17,662

* Represents undiscounted expected cash flows, including both principal and interest.

Schedule of Purchased Credit Impaired (PCI) Securities, at reporting date

(in millions)	September 30, 2015		December 31, 2014
Outstanding principal balance	$	17,017	$	16,962
Amortized cost		12,408		12,216
Fair value		13,426		13,462

Activity for accretable yield on Purchased Credit Impaired (PCI) Securities

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2015		2014		2015		2014
Balance, beginning of period	$	6,833	$	7,042	$	6,865	$	6,940
Newly purchased PCI securities		136		358		551		1,127
Disposals		-		-		(13)		-
Accretion		(220)		(223)		(661)		(654)
Effect of changes in interest rate indices		4		(96)		(140)		(327)
Net reclassification from (to) non-accretable difference,
including effects of prepayments		180		30		331		25
Balance, end of period	$	6,933	$	7,111	$	6,933	$	7,111

Schedule of fair value of securities pledged to counterparties under secured financing transactions

(in millions)		September 30, 2015		December 31, 2014
Fixed maturity securities available for sale	$	996	$	-
Other bond securities, at fair value	$	994	$	2,122

Schedule of fair value of securities pledged to the entity under reverse repurchase agreements

(in millions)		September 30, 2015		December 31, 2014
Securities collateral pledged to us	$	2,969	$	2,506
Amount sold or repledged by us	$	126	$	131

LENDING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2015

LENDING ACTIVITIES

Composition of Mortgages and other loans receivable

	September 30,			December 31,
(in millions)		2015		2014
Commercial mortgages^*	$	20,818	$	18,909
Life insurance policy loans		2,625		2,710
Commercial loans, other loans and notes receivable		4,999		3,642
Total mortgage and other loans receivable		28,442		25,261
Allowance for losses		(206)		(271)
Mortgage and other loans receivable, net	$	28,236	$	24,990

Schedule of credit quality indicators for the commercial mortgage loans

	Number															Percent
	of	Class														of
(dollars in millions)	Loans	Apartments			Offices		Retail	Industrial			Hotel		Others		Total^(c)	Total $
September 30, 2015
Credit Quality Indicator:
In good standing	956	$	3,628	$	7,375	$	4,435	$	1,980	$	1,972	$	1,030	$	20,420	98	%
Restructured^(a)	9		-		150		25		18		16		6		215	1
90 days or less delinquent	5		-		-		-		6		-		-		6	-
>90 days delinquent or in
process of foreclosure	5		-		177		-		-		-		-		177	1
Total^(b)	975	$	3,628	$	7,702	$	4,460	$	2,004	$	1,988	$	1,036	$	20,818	100	%
Allowance for loan losses		$	29	$	62	$	35	$	14	$	13	$	9	$	162	1	%

December 31, 2014
Credit Quality Indicator:
In good standing	1,007	$	3,384	$	6,100	$	3,807	$	1,689	$	1,660	$	1,812	$	18,452	98	%
Restructured^(a)	7		-		343		7		-		17		-		367	2
90 days or less delinquent	6		-		-		10		-		-		5		15	-
>90 days delinquent or in
process of foreclosure	4		-		75		-		-		-		-		75	-
Total^(b)	1,024	$	3,384	$	6,518	$	3,824	$	1,689	$	1,677	$	1,817	$	18,909	100	%
Allowance for loan losses		$	3	$	86	$	28	$	22	$	6	$	14	$	159	1	%

(b) Does not reflect Allowance for loan losses.

(c) Over 99 percent of the commercial mortgages held at such respective dates were current as to payments of principal and interest.

Schedule of changes in the allowance for losses on Mortgage and other loans receivable

	2015						2014
Nine Months Ended September 30,		Commercial		Other				Commercial		Other
(in millions)		Mortgages		Loans		Total		Mortgages		Loans		Total
Allowance, beginning of year	$	159	$	112	$	271	$	201	$	111	$	312
Loans charged off		(23)		(6)		(29)		(10)		(13)		(23)
Recoveries of loans previously charged off		4		1		5		-		16		16
Net charge-offs		(19)		(5)		(24)		(10)		3		(7)
Provision for loan losses		22		(66)		(44)		(16)		(6)		(22)
Other		-		3		3		-		1		1
Allowance, end of period	$	162 ^*	$	44	$	206	$	175 ^*	$	109	$	284

VARIABLE INTEREST ENTITIES (Tables)

9 Months Ended

Sep. 30, 2015

VARIABLE INTEREST ENTITIES

Schedule of Consolidated Variable Interest Entities

(in millions)		Real Estate and Investment Entities^(d)		Securitization Vehicles		Structured Investment Vehicle		Affordable Housing Partnerships		Other		Total
September 30, 2015
Assets:
Bonds available for sale	$	-	$	10,915	$	-	$	-	$	24	$	10,939
Other bond securities		-		6,310		451		-		37		6,798
Mortgage and other loans receivable		1		2,104		-		-		139		2,244
Other invested assets		546		583		-		2,644		23		3,796
Other ^(a)		54		814		73		247		91		1,279
Total assets^(b)(e)	$	601	$	20,726	$	524	$	2,891	$	314	$	25,056
Liabilities:
Long-term debt	$	23	$	1,145	$	54	$	1,538	$	6	$	2,766
Other ^(c)		51		249		-		186		71		557
Total liabilities	$	74	$	1,394	$	54	$	1,724	$	77	$	3,323
December 31, 2014
Assets:
Bonds available for sale	$	-	$	11,459	$	-	$	-	$	35	$	11,494
Other bond securities		-		7,251		615		-		40		7,906
Mortgage and other loans receivable		-		2,398		-		-		162		2,560
Other invested assets		577		651		-		1,684		29		2,941
Other ^(a)		40		1,447		140		49		76		1,752
Total assets^(b)	$	617	$	23,206	$	755	$	1,733	$	342	$	26,653
Liabilities:
Long-term debt	$	69	$	1,370	$	52	$	199	$	7	$	1,697
Other^(c)		32		276		-		101		37		446
Total liabilities	$	101	$	1,646	$	52	$	300	$	44	$	2,143

(a) Comprised primarily of Short-term investments, Premiums and other receivables and Other assets at both September 30, 2015 and December 31, 2014.

(b) The assets of each VIE can be used only to settle specific obligations of that VIE.

(c) Comprised primarily of Other liabilities and Derivative liabilities, at fair value, at both September 30, 2015 and December 31, 2014.

(e) Includes the effect of consolidating previously unconsolidated partnerships.

Schedule of Unconsolidated Variable Interest Entities

			Maximum Exposure to Loss
		Total VIE		On-Balance		Off-Balance
(in millions)		Assets		Sheet^(a)		Sheet	Total
September 30, 2015
Real estate and investment entities	$	21,844	$	3,179	$	393 ^$	3,572
Affordable housing partnerships		5,262		1,004		-	1,004
Other		1,110		242		992 ^(b)	1,234
Total	$	28,216	$	4,425	$	1,385 ^$	5,810
December 31, 2014
Real estate and investment entities	$	19,949	$	2,785	$	454 ^$	3,239
Affordable housing partnerships		7,911		425		-	425
Other^(c)		1,959		304		992 ^(b)	1,296
Total	$	29,819	$	3,514	$	1,446 ^$	4,960

(a) At September 30, 2015 and December 31, 2014, $4.1 billion and $3.2 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets.

DERIVATIVES AND HEDGE ACCOUNTING (Tables)

9 Months Ended

Sep. 30, 2015

DERIVATIVES AND HEDGE ACCOUNTING

Notional amounts and fair values of derivative instruments

	September 30, 2015								December 31, 2014
	Gross Derivative Assets				Gross Derivative Liabilities				Gross Derivative Assets				Gross Derivative Liabilities
		Notional		Fair		Notional		Fair		Notional		Fair		Notional		Fair
(in millions)		Amount		Value		Amount		Value		Amount		Value		Amount		Value
Derivatives designated as
hedging instruments:^(a)
Interest rate contracts	$	915	$	5	$	25	$	2	$	155	$	-	$	25	$	2
Foreign exchange contracts		2,380		196		1,401		68		611		25		1,794		239
Equity contracts		15		2		113		5		7		1		104		13
Derivatives not designated
as hedging instruments:^(a)
Interest rate contracts		60,521		4,078		51,865		2,893		65,070		3,743		45,251		3,183
Foreign exchange contracts		11,904		640		9,111		1,147		13,667		815		8,516		1,251
Equity contracts^(b)		6,598		173		48,033		2,341		7,565		206		42,387		1,615
Commodity contracts		-		-		-		-		15		-		11		6
Credit contracts^(c)		4		3		1,323		531		5		4		5,288		982
Other contracts^(d)		35,974		27		250		79		36,155		31		538		90
Total derivatives, gross	$	118,311	$	5,124	$	112,121	$	7,066	$	123,250	$	4,825	$	103,914	$	7,381
Counterparty netting^(e)				(1,691)				(1,691)				(2,102)				(2,102)
Cash collateral^(f)				(2,129)				(910)				(1,119)				(1,429)
Total derivatives, net				1,304				4,465				1,604				3,850
Less: Bifurcated embedded derivatives				-				2,300				-				1,577
Total derivatives on condensed
consolidated balance sheets^(g)			$	1,304			$	2,165			$	1,604			$	2,273

(a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral.

(d) Consists primarily of contracts with multiple underlying exposures.

(e) Represents netting of derivative exposures covered by a qualifying master netting agreement.

(f) Represents cash collateral posted and received that is eligible for netting.

(g) Derivative assets and liabilities are recorded in Other Assets and Liabilities, respectively.

Gain (loss) recognized in earnings on AIG's derivative instruments in fair value hedging relationships in the Consolidated Statements of Income

	Gains/(Losses) Recognized in Earnings for:				Including Gains/(Losses) Attributable to:
	Hedging		Hedged		Hedge		Excluded
(in millions)	Derivatives^(a)		Items		Ineffectiveness		Components		Other^(b)
Three Months Ended September 30, 2015
Interest rate contracts:
Realized capital gains/(losses)	$	1	$	(1)	$	-	$	-	$	-
Interest credited to policyholder
account balances		-		-		-		-		-
Other income		-		2		-		-		2
Gain/(Loss) on extinguishment of debt		-		1		-		-		1
Foreign exchange contracts:
Realized capital gains/(losses)		81		(67)		-		14		-
Interest credited to policyholder
account balances		-		-		-		-		-
Other income		-		4		-		-		4
Gain/(Loss) on extinguishment of debt		-		-		-		-		-
Equity contracts:
Realized capital gains/(losses)		(4)		3		-		(1)		-
Three Months Ended September 30, 2014
Interest rate contracts:
Realized capital gains/(losses)	$	-	$	-	$	-	$	-	$	-
Interest credited to policyholder
account balances		-		-		-		-		-
Other income		-		10		-		-		10
Gain/(Loss) on extinguishment of debt		-		-		-		-		-

Foreign exchange contracts:
Realized capital gains/(losses)		(76)		91		-		9		6
Interest credited to policyholder
account balances		-		(1)		-		-		(1)
Other income		-		7		-		-		7
Gain/(Loss) on extinguishment of debt		-		-		-		-		-
Equity contracts
Realized capital gains/(losses)		4		(6)		-		(2)		-
Nine Months Ended September 30, 2015
Interest rate contracts:
Realized capital gains/(losses)	$	1	$	(1)	$	-	$	-	$	-
Interest credited to policyholder
account balances		-		-		-		-		-
Other income		-		7		-		-		7
Gain/(Loss) on extinguishment of debt		-		14		-		-		14
Foreign exchange contracts:
Realized capital gains/(losses)		152		(123)		-		27		2
Interest credited to policyholder
account balances		-		(1)		-		-		(1)
Other income		-		14		-		-		14
Gain/(Loss) on extinguishment of debt		-		17		-		-		17
Equity contracts:
Realized capital gains/(losses)		(23)		21		-		(2)		-
Nine Months Ended September 30, 2014
Interest rate contracts:
Realized capital gains/(losses)	$	1	$	(2)	$	-	$	-	$	(1)
Interest credited to policyholder
account balances		1		(1)		-		-		-
Other income		-		38		-		-		38
Gain/(Loss) on extinguishment of debt		-		50		-		-		50
Foreign exchange contracts:
Realized capital gains/(losses)		(20)		32		-		(3)		15
Interest credited to policyholder
account balances		-		(2)		-		-		(2)
Other income		-		7		-		-		7
Gain/(Loss) on extinguishment of debt		-		-		-		-		-
Equity contracts
Realized capital gains/(losses)		(10)		8		-		(2)		-

(a) The amounts presented do not include the periodic net coupon settlements of the derivative contract or the coupon income (expense) related to the hedged item.

Effect of AIG's derivative instruments not designated as hedging instruments in the Consolidated Statements of Income

	Gains (Losses) Recognized in Earnings
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2015		2014		2015		2014
By Derivative Type:
Interest rate contracts	$	469	$	222	$	402	$	409
Foreign exchange contracts		51		253		321		276
Equity contracts^*		(586)		(159)		(39)		(584)
Commodity contracts		-		(2)		(1)		(1)
Credit contracts		11		75		171		229
Other contracts		71		44		60		83
Total	$	16	$	433	$	914	$	412
By Classification:
Policy fees	$	20	$	19	$	59	$	49
Net investment income		6		24		20		20
Net realized capital gains (losses)		20		79		496		(114)
Other income (losses)		(36)		309		334		447
Policyholder benefits and claims incurred		6		2		5		10
Total	$	16	$	433	$	914	$	412

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(n)(2))

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

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-Name Accounting Standards Codification

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+ Details

EQUITY (Tables)

9 Months Ended

Sep. 30, 2015

EQUITY

Rollforward of common stock outstanding

	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Nine Months Ended September 30, 2015
Shares, beginning of year	1,906,671,492	(530,744,521)	1,375,926,971
Shares issued	-	355,767	355,767
Shares repurchased	-	(129,488,123)	(129,488,123)
Shares, end of period	1,906,671,492	(659,876,877)	1,246,794,615

Accumulated Other Comprehensive Income (Loss)

		Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Taken
				Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment


(in millions)										Total
Balance, December 31, 2014, net of tax	$	1,043	$	12,327	$	(1,784)	$	(969)	$	10,617
Change in unrealized depreciation of investments		(315)		(6,372)		-		-		(6,687)
Change in deferred acquisition costs adjustment and other		-		763		-		-		763
Change in future policy benefits		92		807		-		-		899
Change in foreign currency translation adjustments		-		-		(901)		-		(901)
Net actuarial gain		-		-		-		417		417
Prior service cost		-		-		-		(210)		(210)
Change in deferred tax asset (liability)		54		1,493		167		(59)		1,655
Total other comprehensive income (loss)		(169)		(3,309)		(734)		148		(4,064)
Noncontrolling interests		-		-		(4)		-		(4)
Balance, September 30, 2015, net of tax	$	874	$	9,018	$	(2,514)	$	(821)	$	6,557

Balance, December 31, 2013, net of tax	$	936	$	6,789	$	(952)	$	(413)	$	6,360
Change in unrealized appreciation of investments		268		6,330		-		-		6,598
Change in deferred acquisition costs adjustment and other		61		(433)		-		-		(372)
Change in future policy benefits		(114)		(781)		-		-		(895)
Change in foreign currency translation adjustments		-		-		(149)		-		(149)
Net actuarial gain		-		-		-		40		40
Prior service cost		-		-		-		(36)		(36)
Change in deferred tax asset (liability)		(41)		(144)		(40)		9		(216)
Total other comprehensive income (loss)		174		4,972		(189)		13		4,970
Noncontrolling interests		-		(1)		-		-		(1)
Balance, September 30, 2014, net of tax	$	1,110	$	11,762	$	(1,141)	$	(400)	$	11,331

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Taken
				Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment


(in millions)										Total
Three Months Ended September 30, 2015
Unrealized change arising during period	$	(98)	$	(1,275)	$	(217)	$	303	$	(1,287)
Less: Reclassification adjustments
included in net income		13		(17)		-		164		160
Total other comprehensive income (loss),
before income tax expense (benefit)		(111)		(1,258)		(217)		139		(1,447)
Less: Income tax expense (benefit)		(50)		(401)		21		47		(383)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(61)	$	(857)	$	(238)	$	92	$	(1,064)
Three Months Ended September 30, 2014
Unrealized change arising during period	$	132	$	(575)	$	(120)	$	(8)	$	(571)
Less: Reclassification adjustments
included in net income		9		12		-		1		22
Total other comprehensive income (loss),
before income tax expense (benefit)		123		(587)		(120)		(9)		(593)
Less: Income tax expense (benefit)		64		(419)		(42)		(15)		(412)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	59	$	(168)	$	(78)	$	6	$	(181)
Nine Months Ended September 30, 2015
Unrealized change arising during period	$	(155)	$	(4,243)	$	(901)	$	324	$	(4,975)
Less: Reclassification adjustments
included in net income		68		559		-		117		744
Total other comprehensive income (loss),
before income tax expense (benefit)		(223)		(4,802)		(901)		207		(5,719)
Less: Income tax expense (benefit)		(54)		(1,493)		(167)		59		(1,655)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(169)	$	(3,309)	$	(734)	$	148	$	(4,064)
Nine Months Ended September 30, 2014
Unrealized change arising during period	$	242	$	5,522	$	(149)	$	3	$	5,618
Less: Reclassification adjustments
included in net income		27		406		-		(1)		432
Total other comprehensive income (loss),
before income tax expense (benefit)		215		5,116		(149)		4		5,186
Less: Income tax expense (benefit)		41		144		40		(9)		216
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	174	$	4,972	$	(189)	$	13	$	4,970

Schedule of effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Consolidated Statements of Income

	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income (Loss)

	Three Months Ended September 30,
(in millions)		2015		2014
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken

Investments		$	13	$	9		Other realized capital gains
Total			13		9
Unrealized appreciation (depreciation) of all other investments
Investments			(15)		117		Other realized capital gains
Deferred acquisition costs adjustment			(2)		(40)		Amortization of deferred policy acquisition costs
Future policy benefits			-		(65)		Policyholder benefits and losses incurred
Total			(17)		12
Change in retirement plan liabilities adjustment
Prior - service cost			187		11		*
Actuarial losses			(23)		(10)		*
Total			164		1
Total reclassifications for the period		$	160	$	22
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income (Loss)

	Nine Months Ended September 30,
(in millions)		2015		2014
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken

Investments		$	68	$	27		Other realized capital gains
Total			68		27
Unrealized appreciation (depreciation) of all other investments
Investments			609		528		Other realized capital gains
Deferred acquisition costs adjustment			(67)		(35)		Amortization of deferred policy acquisition costs
Future policy benefits			17		(87)		Policyholder benefits and losses incurred
Total			559		406
Change in retirement plan liabilities adjustment
Prior - service cost			210		35		*
Actuarial losses			(93)		(36)		*
Total			117		(1)		-
Total reclassifications for the period		$	744	$	432		-

* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 12 to the Condensed Consolidated Financial Statements.

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-SubTopic 10

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Reference 9: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

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+ Details

EARNINGS PER SHARE (EPS) (Tables)

9 Months Ended

Sep. 30, 2015

EARNINGS PER SHARE (EPS)

Computation of basic and diluted EPS

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(dollars in millions, except per share data)		2015		2014		2015		2014
Numerator for EPS:
Income (loss) from continuing operations	$	(180)	$	2,199	$	4,071	$	6,864
Less: Net income (loss) from continuing operations attributable to noncontrolling interests		34		9		34		(25)
Income (loss) attributable to AIG common shareholders from continuing operations		(214)		2,190		4,037		6,889
Income (loss) from discontinued operations, net of income tax expense		(17)		2		-		(15)
Net income (loss) attributable to AIG common shareholders		(231)		2,192		4,037		6,874
Denominator for EPS:
Weighted average shares outstanding - basic		1,279,072,748		1,419,239,774		1,324,407,969		1,440,148,774
Dilutive shares^(a)		-		22,828,068		32,700,815		19,334,459
Weighted average shares outstanding - diluted^(b)		1,279,072,748		1,442,067,842		1,357,108,784		1,459,483,233
Income per common share attributable to AIG:
Basic:
Income (loss) from continuing operations	$	(0.17)	$	1.54	$	3.05	$	4.78
Income (loss) from discontinued operations	$	(0.01)	$	-	$	-	$	(0.01)
Income (loss) attributable to AIG	$	(0.18)	$	1.54	$	3.05	$	4.77
Diluted:
Income (loss) from continuing operations	$	(0.17)	$	1.52	$	2.97	$	4.72
Income (loss) from discontinued operations	$	(0.01)	$	-	$	-	$	(0.01)
Income (loss) attributable to AIG	$	(0.18)	$	1.52	$	2.97	$	4.71

(a) Shares in the diluted EPS calculation represent basic shares for the three-month period ended September 30, 2015 due to the net loss in that period.

EMPLOYEE BENEFITS (Tables)

9 Months Ended

Sep. 30, 2015

EMPLOYEE BENEFITS

Components of net periodic benefit cost

	Pension						Postretirement
		U.S.		Non-U.S.				U.S.		Non-U.S.
(in millions)		Plans		Plans		Total		Plans		Plans		Total
Three Months Ended September 30, 2015
Components of net periodic benefit cost:
Service cost	$	41	$	10	$	51	$	1	$	-	$	1
Interest cost		54		6		60		2		1		3
Expected return on assets		(74)		(5)		(79)		-		-		-
Amortization of prior service credit		(6)		(1)		(7)		(3)		-		(3)
Amortization of net loss		21		2		23		-		-		-
Curtailment gain		(179)		-		(179)		-		-		-
Net periodic benefit (income) cost	$	(143)	$	12	$	(131)	$	-	$	1	$	1
Three Months Ended September 30, 2014
Components of net periodic benefit cost:
Service cost	$	42	$	11	$	53	$	1	$	-	$	1
Interest cost		57		7		64		2		1		3
Expected return on assets		(73)		(6)		(79)		-		-		-
Amortization of prior service credit		(8)		(1)		(9)		(3)		-		(3)
Amortization of net loss		9		2		11		-		-		-
Net periodic benefit cost	$	27	$	13	$	40	$	-	$	1	$	1
Nine Months Ended September 30, 2015
Components of net periodic benefit cost:
Service cost	$	144	$	31	$	175	$	4	$	2	$	6
Interest cost		164		18		182		6		2		8
Expected return on assets		(218)		(17)		(235)		-		-		-
Amortization of prior service credit		(22)		(2)		(24)		(8)		-		(8)
Amortization of net loss		86		7		93		-		-		-
Curtailment gain		(179)		(1)		(180)		-		-		-
Net periodic benefit (income) cost	$	(25)	$	36	$	11	$	2	$	4	$	6
Nine Months Ended September 30, 2014
Components of net periodic benefit cost:
Service cost	$	130	$	32	$	162	$	3	$	1	$	4
Interest cost		171		22		193		7		2		9
Expected return on assets		(215)		(17)		(232)		-		-		-
Amortization of prior service credit		(25)		(2)		(27)		(8)		-		(8)
Amortization of net loss		31		6		37		-		-		-
Net periodic benefit cost	$	92	$	41	$	133	$	2	$	3	$	5

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Tables)

9 Months Ended

Sep. 30, 2015

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT

Condensed Consolidating Balance Sheets

		American
		International					Reclassifications
		Group, Inc.				Other		and	Consolidated
(in millions)	(As Guarantor)		AIGLH			Subsidiaries		Eliminations		AIG
September 30, 2015
Assets:
Short-term investments	$	5,531	$	-	$	7,234	$	(357)	$	12,408
Other investments^(a)		9,028		-		324,965		-		333,993
Total investments		14,559		-		332,199		(357)		346,401
Cash		20		3		1,546		-		1,569
Loans to subsidiaries^(b)		31,354		-		543		(31,897)		-
Investment in consolidated subsidiaries^(b)		59,411		32,486		-		(91,897)		-
Other assets, including deferred income taxes		25,428		260		130,952		(2,625)		154,015
Total assets	$	130,772	$	32,749	$	465,240	$	(126,776)	$	501,985

Liabilities:
Insurance liabilities	$	-	$	-	$	267,946	$	-	$	267,946
Long-term debt		20,794		707		9,218		-		30,719
Other liabilities, including intercompany balances^(a)		10,439		185		96,104		(3,027)		103,701
Loans from subsidiaries^(b)		540		-		31,357		(31,897)		-
Total liabilities		31,773		892		404,625		(34,924)		402,366
Total AIG shareholders’ equity		98,999		31,857		59,995		(91,852)		98,999
Non-redeemable noncontrolling interests		-		-		620		-		620
Total equity		98,999		31,857		60,615		(91,852)		99,619
Total liabilities and equity	$	130,772	$	32,749	$	465,240	$	(126,776)	$	501,985


December 31, 2014
Assets:
Short-term investments	$	6,078	$	-	$	6,231	$	(1,066)	$	11,243
Other investments^(a)		11,415		-		333,108		-		344,523
Total investments		17,493		-		339,339		(1,066)		355,766
Cash		26		91		1,641		-		1,758
Loans to subsidiaries^(b)		31,070		-		779		(31,849)		-
Investment in consolidated subsidiaries^(b)		62,811		35,850		-		(98,661)		-
Other assets, including deferred income taxes		23,835		2,305		141,826		(9,909)		158,057
Total assets	$	135,235	$	38,246	$	483,585	$	(141,485)	$	515,581
Liabilities:
Insurance liabilities	$	-	$	-	$	270,615	$	-	$	270,615
Long-term debt		21,190		820		9,207		-		31,217
Other liabilities, including intercompany balances^(a)		6,196		2,314		108,189		(10,222)		106,477
Loans from subsidiaries^(b)		951		-		30,898		(31,849)		-
Total liabilities		28,337		3,134		418,909		(42,071)		408,309
Total AIG shareholders’ equity		106,898		35,112		64,302		(99,414)		106,898
Non-redeemable noncontrolling interests		-		-		374		-		374
Total equity		106,898		35,112		64,676		(99,414)		107,272
Total liabilities and equity	$	135,235	$	38,246	$	483,585	$	(141,485)	$	515,581

(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment.

(b) Eliminated in consolidation.

Condensed Consolidating Statements of Income (loss)


		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
Three Months Ended September 30, 2015
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	717	$	222	$	-	$	(939)	$	-
Other income		(221)		-		13,220		(177)		12,822
Total revenues		496		222		13,220		(1,116)		12,822
Expenses:
Interest expense		254		14		83		(30)		321
Loss on extinguishment of debt		345		-		1		-		346
Other expenses		352		-		12,064		(146)		12,270
Total expenses		951		14		12,148		(176)		12,937
Income (loss) from continuing operations before income tax
expense (benefit)		(455)		208		1,072		(940)		(115)
Income tax expense (benefit)		(224)		(6)		295		-		65
Income (loss) from continuing operations		(231)		214		777		(940)		(180)
Loss from discontinued operations, net of income taxes		-		-		(17)		-		(17)
Net income (loss)		(231)		214		760		(940)		(197)
Less:
Net income from continuing operations attributable to
noncontrolling interests		-		-		34		-		34
Net income (loss) attributable to AIG	$	(231)	$	214	$	726	$	(940)	$	(231)
Three Months Ended September 30, 2014
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	2,661	$	1,315	$	-	$	(3,976)	$	-
Other income		615		-		16,161		(79)		16,697
Total revenues		3,276		1,315		16,161		(4,055)		16,697
Expenses:
Interest expense		378		22		62		(32)		430
Loss on extinguishment of debt		682		-		60		-		742
Other expenses		284		61		12,196		(35)		12,506
Total expenses		1,344		83		12,318		(67)		13,678

Income (loss) from continuing operations before income tax
expense (benefit)		1,932		1,232		3,843		(3,988)		3,019
Income tax expense (benefit)		(261)		(33)		1,117		(3)		820
Income (loss) from continuing operations		2,193		1,265		2,726		(3,985)		2,199
Income (loss) from discontinued operations, net of income taxes		(1)		-		3		-		2
Net income (loss)		2,192		1,265		2,729		(3,985)		2,201
Less:
Net income from continuing operations attributable to
noncontrolling interests		-		-		9		-		9
Net income (loss) attributable to AIG	$	2,192	$	1,265	$	2,720	$	(3,985)	$	2,192


		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
Nine Months Ended September 30, 2015
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	5,793	$	1,744	$	-	$	(7,537)	$	-
Other income		(57)		-		45,050		(497)		44,496
Total revenues		5,736		1,744		45,050		(8,034)		44,496
Expenses:
Interest expense		810		44		213		(90)		977
Loss on extinguishment of debt		703		-		46		7		756
Other expenses		899		42		36,016		(407)		36,550
Total expenses		2,412		86		36,275		(490)		38,283
Income (loss) from continuing operations before income tax
expense (benefit)		3,324		1,658		8,775		(7,544)		6,213
Income tax expense (benefit)		(714)		(69)		2,925		-		2,142
Income (loss) from continuing operations		4,038		1,727		5,850		(7,544)		4,071
Income (loss) from discontinued operations, net of income taxes		(1)		-		1		-		-
Net income (loss)		4,037		1,727		5,851		(7,544)		4,071
Less:
Net income from continuing operations attributable to
noncontrolling interests		-		-		34		-		34
Net income (loss) attributable to AIG	$	4,037	$	1,727	$	5,817	$	(7,544)	$	4,037
Nine Months Ended September 30, 2014
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	8,149	$	2,789	$	-	$	(10,938)	$	-
Other income		1,094		-		48,165		(263)		48,996
Total revenues		9,243		2,789		48,165		(11,201)		48,996
Expenses:
Interest expense		1,210		80		180		(98)		1,372
Loss on extinguishment of debt		987		-		77		(50)		1,014
Other expenses		1,310		79		35,564		(115)		36,838
Total expenses		3,507		159		35,821		(263)		39,224
Income (loss) from continuing operations before income tax
expense (benefit)		5,736		2,630		12,344		(10,938)		9,772
Income tax expense (benefit)		(1,137)		(54)		4,121		(22)		2,908
Income (loss) from continuing operations		6,873		2,684		8,223		(10,916)		6,864
Income (loss) from discontinued operations, net of income taxes		1		-		(16)		-		(15)
Net income (loss)		6,874		2,684		8,207		(10,916)		6,849
Less:
Net loss from continuing operations attributable to
noncontrolling interests		-		-		(25)		-		(25)
Net income (loss) attributable to AIG	$	6,874	$	2,684	$	8,232	$	(10,916)	$	6,874

* Eliminated in consolidation.

Condensed Consolidating Statements of Comprehensive Income (loss)

		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
Three Months Ended September 30, 2015
Net income (loss)	$	(231)	$	214	$	760	$	(940)	$	(197)
Other comprehensive income (loss)		(1,063)		(548)		187		360		(1,064)
Comprehensive income (loss)		(1,294)		(334)		947		(580)		(1,261)
Total comprehensive income attributable to noncontrolling interests		-		-		33		-		33
Comprehensive income (loss) attributable to AIG	$	(1,294)	$	(334)	$	914	$	(580)	$	(1,294)
Three Months Ended September 30, 2014
Net income (loss)	$	2,192	$	1,265	$	2,729	$	(3,985)	$	2,201
Other comprehensive income (loss)		(180)		(259)		(1,885)		2,143		(181)
Comprehensive income (loss)		2,012		1,006		844		(1,842)		2,020
Total comprehensive income attributable to noncontrolling interests		-		-		8		-		8
Comprehensive income (loss) attributable to AIG	$	2,012	$	1,006	$	836	$	(1,842)	$	2,012
Nine Months Ended September 30, 2015
Net income (loss)	$	4,037	$	1,727	$	5,851	$	(7,544)	$	4,071
Other comprehensive income (loss)		(4,060)		3,942		52,820		(56,766)		(4,064)
Comprehensive income (loss)		(23)		5,669		58,671		(64,310)		7
Total comprehensive income attributable to noncontrolling interests		-		-		30		-		30
Comprehensive income (loss) attributable to AIG	$	(23)	$	5,669	$	58,641	$	(64,310)	$	(23)
Nine Months Ended September 30, 2014
Net income (loss)	$	6,874	$	2,684	$	8,207	$	(10,916)	$	6,849
Other comprehensive income (loss)		4,971		2,522		1,848		(4,371)		4,970
Comprehensive income (loss)		11,845		5,206		10,055		(15,287)		11,819
Total comprehensive loss attributable to noncontrolling interests		-		-		(26)		-		(26)
Comprehensive income (loss) attributable to AIG	$	11,845	$	5,206	$	10,081	$	(15,287)	$	11,845

Condensed Consolidating Statements of Cash Flows

		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries^*		Eliminations^*		AIG
Nine Months Ended September 30, 2015
Net cash provided by operating activities		3,675		1,386		508		(3,335)		2,234
Cash flows from investing activities:
Sales of investments		5,610		-		52,234		(3,363)		54,481
Purchase of investments		(1,373)		-		(49,465)		3,363		(47,475)
Loans to subsidiaries - net		(1,227)		-		2,690		(1,463)		-
Contributions to subsidiaries - net		-		-		-		-		-
Net change in restricted cash		-		-		1,476		-		1,476
Net change in short-term investments		1,940		-		(2,968)		-		(1,028)
Other, net		(4)		-		(770)		-		(774)
Net cash provided by investing activities		4,946		-		3,197		(1,463)		6,680
Cash flows from financing activities:
Issuance of long-term debt		5,540		-		909		-		6,449
Repayments of long-term debt		(5,728)		(115)		(2,500)		-		(8,343)
Purchase of Common Stock		(7,473)		-		-		-		(7,473)
Intercompany loans - net		(236)		-		(1,227)		1,463		-
Cash dividends paid		(687)		(1,359)		(1,976)		3,335		(687)
Other, net		(43)		-		1,033		-		990
Net cash (used in) financing activities		(8,627)		(1,474)		(3,761)		4,798		(9,064)
Effect of exchange rate changes on cash		-		-		(39)		-		(39)
Change in cash		(6)		(88)		(95)		-		(189)
Cash at beginning of year		26		91		1,641		-		1,758
Reclassification to assets held for sale		-		-		-		-		-
Cash at end of period	$	20	$	3	$	1,546	$	-	$	1,569

Nine Months Ended September 30, 2014
Net cash provided by operating activities		7,228		4,333		3,979		(11,183)		4,357
Cash flows from investing activities:
Sales of investments		2,032		-		45,254		(725)		46,561
Purchase of investments		(1,257)		-		(42,549)		725		(43,081)
Loans to subsidiaries - net		(1,687)		-		327		1,360		-
Contributions from (to) subsidiaries - net		77		-		-		(77)		-
Net change in restricted cash		(5)		-		(655)		-		(660)
Net change in short-term investments		2,947		-		(605)		-		2,342
Other, net		(61)		-		(234)		-		(295)
Net cash provided by investing activities		2,046		-		1,538		1,283		4,867

Cash flows from financing activities:
Issuance of long-term debt		2,489		-		3,338		-		5,827
Repayments of long-term debt		(7,368)		(165)		(4,028)		-		(11,561)
Intercompany loans - net		(47)		(279)		1,686		(1,360)		-
Purchase of common stock		(3,403)		-		-		-		(3,403)
Cash dividends paid to shareholders		(539)		(3,931)		(7,252)		11,183		(539)
Other, net		(324)		-		322		77		75
Net cash (used in) financing activities		(9,192)		(4,375)		(5,934)		9,900		(9,601)
Effect of exchange rate changes on cash		-		-		(19)		-		(19)
Change in cash		82		(42)		(436)		-		(396)
Cash at beginning of year		30		51		2,160		-		2,241
Change in cash of businesses held for sale		-		-		88		-		88
Cash at end of period	$	112	$	9	$	1,812	$	-	$	1,933

Supplementary Disclosure of Condensed Consolidating Cash Flow Information

		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries^*		Eliminations^*		AIG
Cash (paid) received during the 2015 period for:
Interest:
Third party	$	(846)	$	(57)	$	(209)	$	-	$	(1,112)
Intercompany		-		-		-		-		-
Taxes:
Income tax authorities	$	(17)	$	-	$	(389)	$	-	$	(406)
Intercompany		1,769		-		(1,769)		-		-
Cash (paid) received during the 2014 period for:
Interest:
Third party	$	(1,238)	$	(87)	$	(1,171)	$	-	$	(2,496)
Intercompany		(1)		(7)		8		-		-
Taxes:
Income tax authorities	$	(18)	$	-	$	(596)	$	-	$	(614)
Intercompany		1,348		-		(1,348)		-		-

Supplementary disclosure of non-cash activities

Nine Months Ended September 30,
(in millions)		2015		2014
Intercompany non-cash financing and investing activities:
Capital contributions	$	111	$	993
Dividends received in the form of securities		1,997		1,538
Return of capital^*		-		4,836
Consideration received from sale of shares of AerCap		500		-

* Includes $4.8 billion return of capital from AIG Capital Corporation related to the sale of ILFC.

BASIS OF PRESENTATION (Details) (USD $) Share data in Millions, except Per Share data, unless otherwise specified	1 Months Ended			1 Months Ended	0 Months Ended		1 Months Ended			1 Months Ended
	Jun. 30, 2015	Sep. 30, 2015	Dec. 31, 2014	Jun. 30, 2015 CallOptionMember	May 14, 2014 International Lease Finance Corporation (ILFC)	May 14, 2014 International Lease Finance Corporation (ILFC)	Aug. 31, 2015 Aer Cap	Jun. 30, 2015 Aer Cap	May 13, 2014 Aer Cap	Jun. 30, 2015 Aer Cap Private Placement	Jun. 30, 2015 Aer Cap Underwritten public offering	Sep. 30, 2015 Minimum item
Basis of Presentation [Line Items]
Number of Countries in which the entity operates												100
Common stock, par value (in dollars per share)		$ 2.5	$ 2.5
Percentage of common stock agreed to be sold						100.00%
Consideration in cash					$ 7,600,000,000
Closing price per share (in dollars per share)									$ 47.01
Number of shares received					97.6
Equity Method Investment, Number of shares sold								86.9		15.7	71.2
Number of Available For Sale Investments Sold							10.7
Cash Proceeds from Sales of AerCap							$ 500,000,000	$ 3,700,000,000		$ 250,000,000	$ 3,400,000,000
Interest rate (as a percent)	6.50%
Bonds available for sale, maturity year	2045			2025

SEGMENT INFORMATION (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015 segment	Sep. 30, 2014
Segment Reporting Information [Line Items]
Number of reportable segments			2
Total revenues	$ 12,822	$ 16,697	$ 44,496	$ 48,996
Pre-tax Income (loss) from continuing operations	(115)	3,019	6,213	9,772
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Loss on extinguishment of debt	(346)	(742)	(756)	(1,014)
Net realized capital gains (losses)	(342)	536	1,125	546
Revenues and pre-tax income	(115)	3,019	6,213	9,772
Reportable Segments \| Commercial Insurance
Segment Reporting Information [Line Items]
Total revenues	6,559	7,313	21,069	21,665
Pre-tax Income (loss) from continuing operations	815	1,240	3,777	4,286
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Revenues and pre-tax income	815	1,240	3,777	4,286
Reportable Segments \| Commercial Insurance \| Operating Segments \| Property Casualty
Segment Reporting Information [Line Items]
Total revenues	5,715	6,425	17,904	18,868
Pre-tax Income (loss) from continuing operations	569	952	2,931	3,313
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Revenues and pre-tax income	569	952	2,931	3,313
Reportable Segments \| Commercial Insurance \| Operating Segments \| Mortgage Guaranty
Segment Reporting Information [Line Items]
Total revenues	266	262	791	769
Pre-tax Income (loss) from continuing operations	162	135	464	421
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Revenues and pre-tax income	162	135	464	421
Reportable Segments \| Commercial Insurance \| Operating Segments \| Institutional Markets
Segment Reporting Information [Line Items]
Total revenues	578	626	2,374	2,028
Pre-tax Income (loss) from continuing operations	84	153	382	552
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Revenues and pre-tax income	84	153	382	552
Reportable Segments \| Consumer Insurance
Segment Reporting Information [Line Items]
Total revenues	6,652	7,210	20,481	21,468
Pre-tax Income (loss) from continuing operations	657	1,264	2,625	3,551
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Revenues and pre-tax income	657	1,264	2,625	3,551
Reportable Segments \| Consumer Insurance \| Operating Segments \| Retirement
Segment Reporting Information [Line Items]
Total revenues	2,203	2,472	7,056	7,367
Pre-tax Income (loss) from continuing operations	635	1,094	2,239	2,773
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Revenues and pre-tax income	635	1,094	2,239	2,773
Reportable Segments \| Consumer Insurance \| Operating Segments \| Life
Segment Reporting Information [Line Items]
Total revenues	1,578	1,575	4,823	4,745
Pre-tax Income (loss) from continuing operations	(40)	50	280	500
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Revenues and pre-tax income	(40)	50	280	500
Reportable Segments \| Consumer Insurance \| Operating Segments \| Personal Insurance
Segment Reporting Information [Line Items]
Total revenues	2,871	3,163	8,602	9,356
Pre-tax Income (loss) from continuing operations	62	120	106	278
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Revenues and pre-tax income	62	120	106	278
Consolidation and Eliminations
Segment Reporting Information [Line Items]
Total revenues	(141)	(168)	(416)	(356)
Pre-tax Income (loss) from continuing operations	(11)	(68)	(80)	(42)
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Revenues and pre-tax income	(11)	(68)	(80)	(42)
Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	109	1,121	2,270	3,218
Pre-tax Income (loss) from continuing operations	(613)	149	(79)	39
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Revenues and pre-tax income	(613)	149	(79)	39
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income
Segment Reporting Information [Line Items]
Total revenues	13,179	15,476	43,404	45,995
Pre-tax Income (loss) from continuing operations	848	2,585	6,243	7,834
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Revenues and pre-tax income	848	2,585	6,243	7,834
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income \| Revenue
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Changes in fair values of fixed maturity securities designated to hedge living benefit liabilities, net of interest expense	4	32	(39)	162
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains	0	0	0	0
Loss on extinguishment of debt	0	0	0	0
Net realized capital gains (losses)	(342)	536	1,125	546
Net gain (loss) on sale of divested businesses	0	0	(48)	1,602
Non-operating litigation reserves and settlements	0	653	91	691
Reserve development related to non-operating run-off insurance business	0		0
Restructuring and other costs	0		0
Other	(19)		(37)
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income \| Pre-Tax Operating Income (loss)
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Changes in fair values of fixed maturity securities designated to hedge living benefit liabilities, net of interest expense	4	32	(39)	162
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains	(2)	(45)	(84)	(90)
Loss on extinguishment of debt	(346)	(742)	(756)	(1,014)
Net realized capital gains (losses)	(342)	536	1,125	546
Net gain (loss) on sale of divested businesses	(3)	17	(58)	2,189
Non-operating litigation reserves and settlements	30	636	86	145
Reserve development related to non-operating run-off insurance business	(30)		(30)
Restructuring and other costs	(274)		(274)
Other	$ 0		$ 0

FAIR VALUE MEASUREMENTS (Details - Fair Value Measurements on a Recurring Basis) (USD $) In Millions, unless otherwise specified			9 Months Ended		3 Months Ended		9 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2015 Recurring Basis	Sep. 30, 2014 Recurring Basis	Sep. 30, 2015 Recurring Basis U.S. government and government sponsored entities	Sep. 30, 2014 Recurring Basis U.S. government and government sponsored entities	Sep. 30, 2014 Recurring Basis U.S. government and government sponsored entities	Sep. 30, 2015 Recurring Basis Non-U.S. government	Sep. 30, 2014 Recurring Basis Non-U.S. government	Sep. 30, 2015 Recurring Basis Non-U.S. government	Sep. 30, 2014 Recurring Basis Non-U.S. government	Sep. 30, 2015 Recurring Basis Level 1	Dec. 31, 2014 Recurring Basis Level 1	Sep. 30, 2015 Recurring Basis Level 1 Interest rate contracts	Dec. 31, 2014 Recurring Basis Level 1 Interest rate contracts	Sep. 30, 2015 Recurring Basis Level 1 Foreign exchange contracts	Sep. 30, 2015 Recurring Basis Level 1 Equity contracts	Dec. 31, 2014 Recurring Basis Level 1 Equity contracts	Sep. 30, 2015 Recurring Basis Level 1 Commodity contracts	Sep. 30, 2015 Recurring Basis Level 1 Credit contracts	Sep. 30, 2015 Recurring Basis Level 1 Other contracts	Sep. 30, 2015 Recurring Basis Level 1 Counterparty netting and cash collateral	Sep. 30, 2015 Recurring Basis Level 1 U.S. government and government sponsored entities	Dec. 31, 2014 Recurring Basis Level 1 U.S. government and government sponsored entities	Sep. 30, 2015 Recurring Basis Level 1 Obligations of states, municipalities and political subdivisions	Sep. 30, 2015 Recurring Basis Level 1 Non-U.S. government	Dec. 31, 2014 Recurring Basis Level 1 Non-U.S. government	Sep. 30, 2015 Recurring Basis Level 1 Corporate debt	Sep. 30, 2015 Recurring Basis Level 1 Residential mortgage backed securities (RMBS)	Sep. 30, 2015 Recurring Basis Level 1 Commercial mortgage-backed securities (CMBS)	Sep. 30, 2015 Recurring Basis Level 1 Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2015 Recurring Basis Level 1 Common Stock	Dec. 31, 2014 Recurring Basis Level 1 Common Stock	Sep. 30, 2015 Recurring Basis Level 1 Preferred Stock	Dec. 31, 2014 Recurring Basis Level 1 Preferred Stock	Sep. 30, 2015 Recurring Basis Level 1 Mutual Funds	Dec. 31, 2014 Recurring Basis Level 1 Mutual Funds	Sep. 30, 2015 Recurring Basis Level 2	Dec. 31, 2014 Recurring Basis Level 2	Sep. 30, 2015 Recurring Basis Level 2 Interest rate contracts	Dec. 31, 2014 Recurring Basis Level 2 Interest rate contracts	Sep. 30, 2015 Recurring Basis Level 2 Foreign exchange contracts	Dec. 31, 2014 Recurring Basis Level 2 Foreign exchange contracts	Sep. 30, 2015 Recurring Basis Level 2 Equity contracts	Dec. 31, 2014 Recurring Basis Level 2 Equity contracts	Sep. 30, 2015 Recurring Basis Level 2 Commodity contracts	Dec. 31, 2014 Recurring Basis Level 2 Commodity contracts	Sep. 30, 2015 Recurring Basis Level 2 Credit contracts	Sep. 30, 2015 Recurring Basis Level 2 Other contracts	Dec. 31, 2014 Recurring Basis Level 2 Other contracts	Sep. 30, 2015 Recurring Basis Level 2 Counterparty netting and cash collateral	Sep. 30, 2015 Recurring Basis Level 2 U.S. government and government sponsored entities	Dec. 31, 2014 Recurring Basis Level 2 U.S. government and government sponsored entities	Sep. 30, 2015 Recurring Basis Level 2 Obligations of states, municipalities and political subdivisions	Dec. 31, 2014 Recurring Basis Level 2 Obligations of states, municipalities and political subdivisions	Sep. 30, 2015 Recurring Basis Level 2 Non-U.S. government	Dec. 31, 2014 Recurring Basis Level 2 Non-U.S. government	Sep. 30, 2015 Recurring Basis Level 2 Corporate debt	Dec. 31, 2014 Recurring Basis Level 2 Corporate debt	Sep. 30, 2015 Recurring Basis Level 2 Residential mortgage backed securities (RMBS)	Dec. 31, 2014 Recurring Basis Level 2 Residential mortgage backed securities (RMBS)	Sep. 30, 2015 Recurring Basis Level 2 Commercial mortgage-backed securities (CMBS)	Dec. 31, 2014 Recurring Basis Level 2 Commercial mortgage-backed securities (CMBS)	Sep. 30, 2015 Recurring Basis Level 2 Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Dec. 31, 2014 Recurring Basis Level 2 Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2015 Recurring Basis Level 2 Common Stock	Dec. 31, 2014 Recurring Basis Level 2 Common Stock	Sep. 30, 2015 Recurring Basis Level 2 Preferred Stock	Dec. 31, 2014 Recurring Basis Level 2 Preferred Stock	Sep. 30, 2015 Recurring Basis Level 2 Mutual Funds	Dec. 31, 2014 Recurring Basis Level 2 Mutual Funds	Sep. 30, 2015 Recurring Basis Level 3	Dec. 31, 2014 Recurring Basis Level 3	Sep. 30, 2015 Recurring Basis Level 3 Interest rate contracts	Dec. 31, 2014 Recurring Basis Level 3 Interest rate contracts	Sep. 30, 2015 Recurring Basis Level 3 Foreign exchange contracts	Dec. 31, 2014 Recurring Basis Level 3 Foreign exchange contracts	Sep. 30, 2015 Recurring Basis Level 3 Equity contracts	Dec. 31, 2014 Recurring Basis Level 3 Equity contracts	Sep. 30, 2015 Recurring Basis Level 3 Commodity contracts	Dec. 31, 2014 Recurring Basis Level 3 Commodity contracts	Sep. 30, 2015 Recurring Basis Level 3 Credit contracts	Dec. 31, 2014 Recurring Basis Level 3 Credit contracts	Sep. 30, 2015 Recurring Basis Level 3 Other contracts	Dec. 31, 2014 Recurring Basis Level 3 Other contracts	Sep. 30, 2015 Recurring Basis Level 3 Counterparty netting and cash collateral	Sep. 30, 2015 Recurring Basis Level 3 U.S. government and government sponsored entities	Sep. 30, 2015 Recurring Basis Level 3 Obligations of states, municipalities and political subdivisions	Dec. 31, 2014 Recurring Basis Level 3 Obligations of states, municipalities and political subdivisions	Sep. 30, 2015 Recurring Basis Level 3 Non-U.S. government	Dec. 31, 2014 Recurring Basis Level 3 Non-U.S. government	Sep. 30, 2015 Recurring Basis Level 3 Corporate debt	Dec. 31, 2014 Recurring Basis Level 3 Corporate debt	Sep. 30, 2015 Recurring Basis Level 3 Residential mortgage backed securities (RMBS)	Dec. 31, 2014 Recurring Basis Level 3 Residential mortgage backed securities (RMBS)	Sep. 30, 2015 Recurring Basis Level 3 Commercial mortgage-backed securities (CMBS)	Dec. 31, 2014 Recurring Basis Level 3 Commercial mortgage-backed securities (CMBS)	Sep. 30, 2015 Recurring Basis Level 3 Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Dec. 31, 2014 Recurring Basis Level 3 Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2015 Recurring Basis Level 3 Common Stock	Dec. 31, 2014 Recurring Basis Level 3 Common Stock	Sep. 30, 2015 Recurring Basis Level 3 Preferred Stock	Sep. 30, 2015 Recurring Basis Level 3 Mutual Funds	Sep. 30, 2015 Recurring Basis Counterparty Netting	Dec. 31, 2014 Recurring Basis Counterparty Netting	Sep. 30, 2015 Recurring Basis Counterparty Netting Interest rate contracts	Sep. 30, 2015 Recurring Basis Counterparty Netting Foreign exchange contracts	Sep. 30, 2015 Recurring Basis Counterparty Netting Equity contracts	Sep. 30, 2015 Recurring Basis Counterparty Netting Commodity contracts	Sep. 30, 2015 Recurring Basis Counterparty Netting Credit contracts	Sep. 30, 2015 Recurring Basis Counterparty Netting Other contracts	Sep. 30, 2015 Recurring Basis Counterparty Netting Counterparty netting and cash collateral	Dec. 31, 2014 Recurring Basis Counterparty Netting Counterparty netting and cash collateral	Sep. 30, 2015 Recurring Basis Counterparty Netting U.S. government and government sponsored entities	Sep. 30, 2015 Recurring Basis Counterparty Netting Obligations of states, municipalities and political subdivisions	Sep. 30, 2015 Recurring Basis Counterparty Netting Non-U.S. government	Sep. 30, 2015 Recurring Basis Counterparty Netting Corporate debt	Sep. 30, 2015 Recurring Basis Counterparty Netting Residential mortgage backed securities (RMBS)	Sep. 30, 2015 Recurring Basis Counterparty Netting Commercial mortgage-backed securities (CMBS)	Sep. 30, 2015 Recurring Basis Counterparty Netting Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2015 Recurring Basis Counterparty Netting Common Stock	Sep. 30, 2015 Recurring Basis Counterparty Netting Preferred Stock	Sep. 30, 2015 Recurring Basis Counterparty Netting Mutual Funds	Sep. 30, 2015 Recurring Basis Cash Collateral	Dec. 31, 2014 Recurring Basis Cash Collateral	Sep. 30, 2015 Recurring Basis Cash Collateral Interest rate contracts	Sep. 30, 2015 Recurring Basis Cash Collateral Foreign exchange contracts	Sep. 30, 2015 Recurring Basis Cash Collateral Equity contracts	Sep. 30, 2015 Recurring Basis Cash Collateral Commodity contracts	Sep. 30, 2015 Recurring Basis Cash Collateral Credit contracts	Sep. 30, 2015 Recurring Basis Cash Collateral Other contracts	Sep. 30, 2015 Recurring Basis Cash Collateral Counterparty netting and cash collateral	Dec. 31, 2014 Recurring Basis Cash Collateral Counterparty netting and cash collateral	Sep. 30, 2015 Recurring Basis Cash Collateral U.S. government and government sponsored entities	Sep. 30, 2015 Recurring Basis Cash Collateral Obligations of states, municipalities and political subdivisions	Sep. 30, 2015 Recurring Basis Cash Collateral Non-U.S. government	Sep. 30, 2015 Recurring Basis Cash Collateral Corporate debt	Sep. 30, 2015 Recurring Basis Cash Collateral Residential mortgage backed securities (RMBS)	Sep. 30, 2015 Recurring Basis Cash Collateral Commercial mortgage-backed securities (CMBS)	Sep. 30, 2015 Recurring Basis Cash Collateral Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2015 Recurring Basis Cash Collateral Common Stock	Sep. 30, 2015 Recurring Basis Cash Collateral Preferred Stock	Sep. 30, 2015 Recurring Basis Cash Collateral Mutual Funds	Sep. 30, 2015 Recurring Basis Total Fair Value	Dec. 31, 2014 Recurring Basis Total Fair Value	Sep. 30, 2015 Recurring Basis Total Fair Value Interest rate contracts	Dec. 31, 2014 Recurring Basis Total Fair Value Interest rate contracts	Sep. 30, 2015 Recurring Basis Total Fair Value Foreign exchange contracts	Dec. 31, 2014 Recurring Basis Total Fair Value Foreign exchange contracts	Sep. 30, 2015 Recurring Basis Total Fair Value Equity contracts	Dec. 31, 2014 Recurring Basis Total Fair Value Equity contracts	Sep. 30, 2015 Recurring Basis Total Fair Value Commodity contracts	Dec. 31, 2014 Recurring Basis Total Fair Value Commodity contracts	Sep. 30, 2015 Recurring Basis Total Fair Value Credit contracts	Dec. 31, 2014 Recurring Basis Total Fair Value Credit contracts	Sep. 30, 2015 Recurring Basis Total Fair Value Other contracts	Dec. 31, 2014 Recurring Basis Total Fair Value Other contracts	Sep. 30, 2015 Recurring Basis Total Fair Value Counterparty netting and cash collateral	Dec. 31, 2014 Recurring Basis Total Fair Value Counterparty netting and cash collateral	Sep. 30, 2015 Recurring Basis Total Fair Value U.S. government and government sponsored entities	Dec. 31, 2014 Recurring Basis Total Fair Value U.S. government and government sponsored entities	Sep. 30, 2015 Recurring Basis Total Fair Value Obligations of states, municipalities and political subdivisions	Dec. 31, 2014 Recurring Basis Total Fair Value Obligations of states, municipalities and political subdivisions	Sep. 30, 2015 Recurring Basis Total Fair Value Non-U.S. government	Dec. 31, 2014 Recurring Basis Total Fair Value Non-U.S. government	Sep. 30, 2015 Recurring Basis Total Fair Value Corporate debt	Dec. 31, 2014 Recurring Basis Total Fair Value Corporate debt	Sep. 30, 2015 Recurring Basis Total Fair Value Residential mortgage backed securities (RMBS)	Dec. 31, 2014 Recurring Basis Total Fair Value Residential mortgage backed securities (RMBS)	Sep. 30, 2015 Recurring Basis Total Fair Value Commercial mortgage-backed securities (CMBS)	Dec. 31, 2014 Recurring Basis Total Fair Value Commercial mortgage-backed securities (CMBS)	Sep. 30, 2015 Recurring Basis Total Fair Value Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Dec. 31, 2014 Recurring Basis Total Fair Value Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2015 Recurring Basis Total Fair Value Common Stock	Dec. 31, 2014 Recurring Basis Total Fair Value Common Stock	Sep. 30, 2015 Recurring Basis Total Fair Value Preferred Stock	Dec. 31, 2014 Recurring Basis Total Fair Value Preferred Stock	Sep. 30, 2015 Recurring Basis Total Fair Value Mutual Funds	Dec. 31, 2014 Recurring Basis Total Fair Value Mutual Funds
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	$ 252,954	$ 259,859										$ 717	$ 1,064										$ 8	$ 322	$ 0	$ 709	$ 742	$ 0	$ 0	$ 0	$ 0							$ 221,894	$ 229,112													$ 1,874	$ 2,670	$ 25,406	$ 25,500	$ 17,688	$ 20,323	$ 137,646	$ 142,550	$ 18,766	$ 20,715	$ 10,988	$ 10,189	$ 9,526	$ 7,165							$ 30,343	$ 29,683														$ 0	$ 2,140	$ 2,159	$ 31	$ 30	$ 2,476	$ 1,883	$ 16,859	$ 16,805	$ 2,729	$ 2,696	$ 6,108	$ 6,110					$ 0										$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0				$ 0										$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0				$ 252,954	$ 259,859															$ 1,882	$ 2,992	$ 27,546	$ 27,659	$ 18,428	$ 21,095	$ 140,122	$ 144,433	$ 35,625	$ 37,520	$ 13,717	$ 12,885	$ 15,634	$ 13,275
Other bond securities	16,822	19,712										155	130										155	130	0	0		0	0	0	0							7,784	10,659													3,658	5,368	75	122	2	2	1,233	719	784	989	600	708	1,432	2,751							8,883	8,923														0	0		0		16		1,501	1,105	219	369	7,147	7,449					0										0	0	0	0	0	0	0				0										0	0	0	0	0	0	0				16,822	19,712															3,813	5,498	75	122	2	2	1,249	719	2,285	2,094	819	1,077	8,579	10,200
Equity securities available for sale	3,792	4,395										3,790	4,389																			2,961	3,626	23	25	806	738	2	5																											0	2	0	0	2	3	0	1																											0	1	0	0	0																	0	0	0	0																	0	0	0	3,792	4,395																													2,961	3,629	23	25	808	741
Other equity securities	1,066	1,049										1,044	1,024																									0	25																																	22																																0																				0																				1,066	1,049
Mortgage and other loans receivable												0																										0																																		11	6																															0																				0																				11	6
Other invested assets	9,333	9,394										2	2																									4,371	3,742																																	4,960	5,650																															0																				0																				9,333	9,394
Derivative assets, at fair value	1,304	1,604										121	100	0	2	0	121	98	0	0	0	0																4,920	4,626	4,070	3,729	836	839	14	58	0		0	0	0	0																					83	99	13	12	0	1	40	51	0	0	3	4	27	31	0																				0	0	0	0	0	0															0	0	0	0	0	0													1,304	1,604	4,083	3,743	836	840	175	207	0	0	3	4	27	31	(3,820)	(3,221)
Derivative assets, Counterparty netting, Fair Value	1,691	2,102																																																																																																						(1,691)	(2,102)							(1,691)	(2,102)
Derivative assets, Cash collateral, Fair Value	2,129	1,119																																																																																																																										(2,129)	(1,119)							(2,129)	(1,119)
Short-term investments, portion measured at fair value	2,733	1,684										1,032	584																									1,701	1,100																																	0																																0																				0																				2,733	1,684
Separate account assets, at fair value	77,136	80,036										72,370	73,939																									4,766	6,097																																	0																																0																				0																				77,136	80,036
Other assets												0																										0	0																																	0																																0																				0																				0	0
Fair value assets measured on recurring basis, total												79,231	81,232																									245,438	255,366																																	44,302	44,362																																																																							365,151	377,739
Fair Value, Liabilities Measured on Recurring Basis
Policyholder contract deposits, portion measured at fair value	2,287	1,561										0																										38	52																																	2,249	1,509																															0																				0																				2,287	1,561
Other policyholder funds	4,192	4,669										0																										8	8																																	0																																																																								8	8
Derivative liabilities, at fair value	2,165	2,273										0		0		0	0		0	0	0	0																4,078	4,633	2,787	3,047	1,208	1,482	82	98	0	6	0	1	0	0																					688	1,171	71	86	7	9	1	4	0		531	982	78	90	0																				0	0	0	0	0	0															0	0	0	0	0	0													2,165	2,273	2,858	3,133	1,215	1,491	83	102	0	6	531	982	79	90	(2,601)	(3,531)
Derivative liabilities, Counterparty netting, Fair Value	1,691	2,102																																																																																																						(1,691)	(2,102)							(1,691)	(2,102)
Derivative liabilities, Cash collateral, Fair Value	910	1,429																																																																																																																										(910)	(1,429)							(910)	(1,429)
Long-term debt, portion measured at fair value	3,985	5,466										0																										3,795	5,253																																	190	213																															0																				0																				3,985	5,466
Other liabilities	298	350										116	34																									182	316																																	0																																0																				0																				298	350
Fair value liabilities measured on recurring basis, total												116	34																									8,101	10,262																																	3,127	2,893																																																																							8,743	9,658
Assets transferred from Level 1 to Level 2			180		0	4	107	188	32	450	330
Assets transferred from Level 2 to Level 1			$ 0	$ 0

FAIR VALUE MEASUREMENTS (Details - Changes in Level 3 Recurring Fair Value Measurements) (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		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		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, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015 Trading Revenue	Sep. 30, 2014 Trading Revenue	Sep. 30, 2015 Trading Revenue	Sep. 30, 2014 Trading Revenue	Sep. 30, 2015 Policyholder contract deposits	Sep. 30, 2014 Policyholder contract deposits	Sep. 30, 2015 Policyholder contract deposits	Sep. 30, 2014 Policyholder contract deposits	Sep. 30, 2015 Policyholder contract deposits Trading Revenue	Sep. 30, 2014 Policyholder contract deposits Trading Revenue	Sep. 30, 2015 Policyholder contract deposits Trading Revenue	Sep. 30, 2014 Policyholder contract deposits Trading Revenue	Sep. 30, 2015 Interest rate contracts	Sep. 30, 2014 Interest rate contracts	Sep. 30, 2015 Interest rate contracts	Sep. 30, 2014 Interest rate contracts	Sep. 30, 2015 Interest rate contracts Trading Revenue	Sep. 30, 2014 Interest rate contracts Trading Revenue	Sep. 30, 2015 Interest rate contracts Trading Revenue	Sep. 30, 2014 Interest rate contracts Trading Revenue	Sep. 30, 2015 Foreign exchange contracts	Sep. 30, 2014 Foreign exchange contracts	Sep. 30, 2015 Foreign exchange contracts	Sep. 30, 2014 Foreign exchange contracts	Sep. 30, 2015 Foreign exchange contracts Trading Revenue	Sep. 30, 2014 Foreign exchange contracts Trading Revenue	Sep. 30, 2015 Foreign exchange contracts Trading Revenue	Sep. 30, 2014 Foreign exchange contracts Trading Revenue	Sep. 30, 2015 Equity contracts	Sep. 30, 2014 Equity contracts	Sep. 30, 2015 Equity contracts	Sep. 30, 2014 Equity contracts	Sep. 30, 2015 Equity contracts Trading Revenue	Sep. 30, 2014 Equity contracts Trading Revenue	Sep. 30, 2015 Equity contracts Trading Revenue	Sep. 30, 2014 Equity contracts Trading Revenue	Sep. 30, 2015 Commodity contracts	Sep. 30, 2014 Commodity contracts	Sep. 30, 2015 Commodity contracts	Sep. 30, 2014 Commodity contracts	Sep. 30, 2015 Commodity contracts Trading Revenue	Sep. 30, 2014 Commodity contracts Trading Revenue	Sep. 30, 2015 Commodity contracts Trading Revenue	Sep. 30, 2014 Commodity contracts Trading Revenue	Sep. 30, 2015 Credit contracts	Sep. 30, 2014 Credit contracts	Sep. 30, 2015 Credit contracts	Sep. 30, 2014 Credit contracts	Sep. 30, 2015 Credit contracts Trading Revenue	Sep. 30, 2014 Credit contracts Trading Revenue	Sep. 30, 2015 Credit contracts Trading Revenue	Sep. 30, 2014 Credit contracts Trading Revenue	Sep. 30, 2015 Other contracts	Sep. 30, 2014 Other contracts	Sep. 30, 2015 Other contracts	Sep. 30, 2014 Other contracts	Sep. 30, 2015 Other contracts Trading Revenue	Sep. 30, 2014 Other contracts Trading Revenue	Sep. 30, 2015 Other contracts Trading Revenue	Sep. 30, 2014 Other contracts Trading Revenue	Sep. 30, 2015 Derivative liabilities, net	Sep. 30, 2014 Derivative liabilities, net	Sep. 30, 2015 Derivative liabilities, net	Sep. 30, 2014 Derivative liabilities, net	Sep. 30, 2015 Derivative liabilities, net Trading Revenue	Sep. 30, 2014 Derivative liabilities, net Trading Revenue	Sep. 30, 2015 Derivative liabilities, net Trading Revenue	Sep. 30, 2014 Derivative liabilities, net Trading Revenue	Sep. 30, 2015 Long-term debt	Sep. 30, 2014 Long-term debt	Sep. 30, 2015 Long-term debt	Sep. 30, 2014 Long-term debt	Sep. 30, 2015 Long-term debt Trading Revenue	Sep. 30, 2014 Long-term debt Trading Revenue	Sep. 30, 2015 Long-term debt Trading Revenue	Sep. 30, 2014 Long-term debt Trading Revenue	Sep. 30, 2015 Liabilities	Sep. 30, 2014 Liabilities	Sep. 30, 2015 Liabilities	Sep. 30, 2014 Liabilities	Sep. 30, 2015 Liabilities Trading Revenue	Sep. 30, 2014 Liabilities Trading Revenue	Sep. 30, 2015 Liabilities Trading Revenue	Sep. 30, 2014 Liabilities Trading Revenue	Sep. 30, 2015 Bonds available for sale	Sep. 30, 2014 Bonds available for sale	Sep. 30, 2015 Bonds available for sale	Sep. 30, 2014 Bonds available for sale	Sep. 30, 2015 Bonds available for sale Trading Revenue	Sep. 30, 2014 Bonds available for sale Trading Revenue	Sep. 30, 2015 Bonds available for sale Trading Revenue	Sep. 30, 2014 Bonds available for sale Trading Revenue	Sep. 30, 2015 Bonds available for sale Obligations of states, municipalities and political subdivisions	Sep. 30, 2014 Bonds available for sale Obligations of states, municipalities and political subdivisions	Sep. 30, 2015 Bonds available for sale Obligations of states, municipalities and political subdivisions	Sep. 30, 2014 Bonds available for sale Obligations of states, municipalities and political subdivisions	Sep. 30, 2015 Bonds available for sale Obligations of states, municipalities and political subdivisions Trading Revenue	Sep. 30, 2014 Bonds available for sale Obligations of states, municipalities and political subdivisions Trading Revenue	Sep. 30, 2015 Bonds available for sale Obligations of states, municipalities and political subdivisions Trading Revenue	Sep. 30, 2014 Bonds available for sale Obligations of states, municipalities and political subdivisions Trading Revenue	Sep. 30, 2015 Bonds available for sale Non-U.S. government	Sep. 30, 2014 Bonds available for sale Non-U.S. government	Sep. 30, 2015 Bonds available for sale Non-U.S. government	Sep. 30, 2014 Bonds available for sale Non-U.S. government	Sep. 30, 2015 Bonds available for sale Non-U.S. government Trading Revenue	Sep. 30, 2014 Bonds available for sale Non-U.S. government Trading Revenue	Sep. 30, 2015 Bonds available for sale Non-U.S. government Trading Revenue	Sep. 30, 2014 Bonds available for sale Non-U.S. government Trading Revenue	Sep. 30, 2015 Bonds available for sale Corporate debt	Sep. 30, 2014 Bonds available for sale Corporate debt	Sep. 30, 2015 Bonds available for sale Corporate debt	Sep. 30, 2014 Bonds available for sale Corporate debt	Sep. 30, 2015 Bonds available for sale Corporate debt Trading Revenue	Sep. 30, 2014 Bonds available for sale Corporate debt Trading Revenue	Sep. 30, 2015 Bonds available for sale Corporate debt Trading Revenue	Sep. 30, 2014 Bonds available for sale Corporate debt Trading Revenue	Sep. 30, 2015 Bonds available for sale Residential mortgage backed securities (RMBS)	Sep. 30, 2014 Bonds available for sale Residential mortgage backed securities (RMBS)	Sep. 30, 2015 Bonds available for sale Residential mortgage backed securities (RMBS)	Sep. 30, 2014 Bonds available for sale Residential mortgage backed securities (RMBS)	Sep. 30, 2015 Bonds available for sale Residential mortgage backed securities (RMBS) Trading Revenue	Sep. 30, 2014 Bonds available for sale Residential mortgage backed securities (RMBS) Trading Revenue	Sep. 30, 2015 Bonds available for sale Residential mortgage backed securities (RMBS) Trading Revenue	Sep. 30, 2014 Bonds available for sale Residential mortgage backed securities (RMBS) Trading Revenue	Sep. 30, 2015 Bonds available for sale Commercial mortgage-backed securities (CMBS)	Sep. 30, 2014 Bonds available for sale Commercial mortgage-backed securities (CMBS)	Sep. 30, 2015 Bonds available for sale Commercial mortgage-backed securities (CMBS)	Sep. 30, 2014 Bonds available for sale Commercial mortgage-backed securities (CMBS)	Sep. 30, 2015 Bonds available for sale Commercial mortgage-backed securities (CMBS) Trading Revenue	Sep. 30, 2014 Bonds available for sale Commercial mortgage-backed securities (CMBS) Trading Revenue	Sep. 30, 2015 Bonds available for sale Commercial mortgage-backed securities (CMBS) Trading Revenue	Sep. 30, 2014 Bonds available for sale Commercial mortgage-backed securities (CMBS) Trading Revenue	Sep. 30, 2015 Bonds available for sale Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2014 Bonds available for sale Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2015 Bonds available for sale Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2014 Bonds available for sale Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2015 Bonds available for sale Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS) Trading Revenue	Sep. 30, 2014 Bonds available for sale Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS) Trading Revenue	Sep. 30, 2015 Bonds available for sale Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS) Trading Revenue	Sep. 30, 2014 Bonds available for sale Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS) Trading Revenue	Sep. 30, 2015 Other Bond securities	Sep. 30, 2014 Other Bond securities	Sep. 30, 2015 Other Bond securities	Sep. 30, 2014 Other Bond securities	Sep. 30, 2015 Other Bond securities Trading Revenue	Sep. 30, 2014 Other Bond securities Trading Revenue	Sep. 30, 2015 Other Bond securities Trading Revenue	Sep. 30, 2014 Other Bond securities Trading Revenue	Sep. 30, 2015 Other Bond securities Corporate debt	Jun. 30, 2015 Other Bond securities Corporate debt	Sep. 30, 2015 Other Bond securities Residential mortgage backed securities (RMBS)	Sep. 30, 2014 Other Bond securities Residential mortgage backed securities (RMBS)	Sep. 30, 2015 Other Bond securities Residential mortgage backed securities (RMBS)	Sep. 30, 2014 Other Bond securities Residential mortgage backed securities (RMBS)	Sep. 30, 2015 Other Bond securities Residential mortgage backed securities (RMBS) Trading Revenue	Sep. 30, 2014 Other Bond securities Residential mortgage backed securities (RMBS) Trading Revenue	Sep. 30, 2015 Other Bond securities Residential mortgage backed securities (RMBS) Trading Revenue	Sep. 30, 2014 Other Bond securities Residential mortgage backed securities (RMBS) Trading Revenue	Sep. 30, 2015 Other Bond securities Commercial mortgage-backed securities (CMBS)	Sep. 30, 2014 Other Bond securities Commercial mortgage-backed securities (CMBS)	Sep. 30, 2015 Other Bond securities Commercial mortgage-backed securities (CMBS)	Sep. 30, 2014 Other Bond securities Commercial mortgage-backed securities (CMBS)	Sep. 30, 2015 Other Bond securities Commercial mortgage-backed securities (CMBS) Trading Revenue	Sep. 30, 2014 Other Bond securities Commercial mortgage-backed securities (CMBS) Trading Revenue	Sep. 30, 2015 Other Bond securities Commercial mortgage-backed securities (CMBS) Trading Revenue	Sep. 30, 2014 Other Bond securities Commercial mortgage-backed securities (CMBS) Trading Revenue	Sep. 30, 2015 Other Bond securities Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2014 Other Bond securities Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2015 Other Bond securities Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2014 Other Bond securities Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	Sep. 30, 2015 Other Bond securities Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS) Trading Revenue	Sep. 30, 2014 Other Bond securities Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS) Trading Revenue	Sep. 30, 2015 Other Bond securities Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS) Trading Revenue	Sep. 30, 2014 Other Bond securities Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS) Trading Revenue	Sep. 30, 2015 Equity securities available for sale	Sep. 30, 2014 Equity securities available for sale	Sep. 30, 2015 Equity securities available for sale	Sep. 30, 2014 Equity securities available for sale	Sep. 30, 2015 Equity securities available for sale Trading Revenue	Sep. 30, 2014 Equity securities available for sale Trading Revenue	Sep. 30, 2015 Equity securities available for sale Trading Revenue	Sep. 30, 2014 Equity securities available for sale Trading Revenue	Sep. 30, 2015 Equity securities available for sale Common Stock	Sep. 30, 2014 Equity securities available for sale Common Stock	Sep. 30, 2015 Equity securities available for sale Common Stock	Sep. 30, 2014 Equity securities available for sale Common Stock	Sep. 30, 2015 Equity securities available for sale Common Stock Trading Revenue	Sep. 30, 2014 Equity securities available for sale Common Stock Trading Revenue	Sep. 30, 2015 Equity securities available for sale Common Stock Trading Revenue	Sep. 30, 2014 Equity securities available for sale Common Stock Trading Revenue	Sep. 30, 2015 Equity securities available for sale Preferred Stock	Sep. 30, 2014 Equity securities available for sale Preferred Stock	Sep. 30, 2015 Equity securities available for sale Preferred Stock	Sep. 30, 2014 Equity securities available for sale Preferred Stock	Sep. 30, 2015 Equity securities available for sale Preferred Stock Trading Revenue	Sep. 30, 2014 Equity securities available for sale Preferred Stock Trading Revenue	Sep. 30, 2015 Equity securities available for sale Preferred Stock Trading Revenue	Sep. 30, 2014 Equity securities available for sale Preferred Stock Trading Revenue	Sep. 30, 2015 Equity securities available for sale Mutual Funds	Sep. 30, 2014 Equity securities available for sale Mutual Funds	Sep. 30, 2014 Equity securities available for sale Mutual Funds	Sep. 30, 2015 Equity securities available for sale Mutual Funds Trading Revenue	Sep. 30, 2015 Other invested assets	Sep. 30, 2014 Other invested assets	Sep. 30, 2015 Other invested assets	Sep. 30, 2014 Other invested assets	Sep. 30, 2015 Other invested assets Trading Revenue	Sep. 30, 2015 Other invested assets Trading Revenue	Sep. 30, 2015 Mortgage and other loans receivable	Sep. 30, 2014 Mortgage and other loans receivable	Sep. 30, 2015 Mortgage and other loans receivable	Sep. 30, 2014 Mortgage and other loans receivable	Sep. 30, 2015 Equity securities trading	Jun. 30, 2015 Equity securities trading
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	$ 44,281	$ 49,934	$ 44,263	$ 46,547																																																																																					$ 30,176	$ 33,888	$ 29,683	$ 30,001					$ 2,180	$ 1,991	$ 2,159	$ 1,080					$ 33	$ 25	$ 30	$ 16					$ 2,118	$ 2,196	$ 1,883	$ 1,255					$ 17,097	$ 16,328	$ 16,805	$ 14,941					$ 2,677	$ 5,917	$ 2,696	$ 5,735					$ 6,071	$ 7,431	$ 6,110	$ 6,974					$ 9,002	$ 10,216	$ 8,923	$ 10,615						$ 16	$ 1,337	$ 1,062	$ 1,105	$ 937					$ 223	$ 757	$ 369	$ 844					$ 7,426	$ 8,397	$ 7,449	$ 8,834					$ 0	$ 0	$ 1	$ 1					$ 0	$ 0	$ 1	$ 1					$ 0	$ 0	$ 0	$ 0					$ 0				$ 5,075	$ 5,824	$ 5,650	$ 5,930			$ 6		$ 6		$ 0	$ 22
Net Realized and Unrealized Gains (Losses) Included in Income	322	536	2,012	1,957																																																																																					294	310	1,024	886					(1)	(1)	0	(1)					0	0	0	0					5	2	19	8					265	264	804	759					17	27	63	50					8	18	138	70					80	233	511	991							(4)	0	22	51					(1)	(24)	7	14					85	257	482	926					0	0	2	0					0	0	2	0					0	0	0	0									(52)	(7)	475	80
Other Comprehensive Income (Loss)	(213)	(32)	(1,243)	763																																																																																					(123)	(123)	(604)	623					(15)	(11)	(94)	180					(1)	0	(2)	(1)					2	(22)	(31)	31					(151)	(49)	(322)	211					(15)	(39)	(45)	201					57	(2)	(110)	1					0	0	0	0							0	0	0	0					0	0	0	0					0	0	0	0					0	1	0	1					0	1	0	1					0	0	0	0									(90)	90	(639)	139
Purchases, Sales, Issues and Settlements, Net	(556)	607	(1,899)	1,794																																																																																					(371)	1,052	(265)	3,145					16	43	174	896					(1)	1	3	7					(63)	(73)	(209)	(140)					(352)	375	(428)	999					50	14	97	(43)					(21)	692	98	1,426					(254)	(510)	(1,114)	(1,456)							169	(39)	389	33					(8)	(20)	(162)	(151)					(415)	(451)	(1,341)	(1,338)					0	0	(3)	0					0	0	(3)	0					0	0	0	0									64	65	(522)	99			5	0	5	6
Gross Transfers in, assets	1,064	140	2,281	1,950																																																																																					993	56	1,449	1,772					0	0	0	0					0	0	0	4					987	3	1,443	1,358					0	0	0	119					0	0	0	69					6	53	6	222					56	0	697	9					16		0	0	44	2					5	0	5	6					51	0	632	1					0	1	0	1					0	0	0	0					0	0	0	0					0	1	1		15	83	113	168							22
Gross Transfers out, assets	(679)	(527)	(1,195)	(2,353)																																																																																					(626)	(146)	(944)	(1,390)					(40)	(8)	(99)	(141)					0	(3)	0	(3)					(573)	(97)	(629)	(503)					0	0	0	(111)					0	(3)	(82)	(96)					(13)	(35)	(134)	(536)					(1)	(134)	(134)	(354)							(1)	0	(59)	0					0	0	0	0					0	(134)	(75)	(354)					0	(1)	0	(2)					0	(1)	0	(2)					0	0	0	0									(52)	(246)	(117)	(607)
Balance End of Period	44,219	50,658	44,219	50,658																																																																																					30,343	35,037	30,343	35,037					2,140	2,014	2,140	2,014					31	23	31	23					2,476	2,009	2,476	2,009					16,859	16,918	16,859	16,918					2,729	5,916	2,729	5,916					6,108	8,157	6,108	8,157					8,883	9,805	8,883	9,805					16	16	1,501	1,023	1,501	1,023					219	713	219	713					7,147	8,069	7,147	8,069					0	1	0	1					0	0	0	0					0	0	0	0					0	1	1		4,960	5,809	4,960	5,809			11	6	11	6	22	22
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets			(81)		19	46	(79)	361																																																																																					0	0	0	0					0	0	0	0					0	0	0	0					0	0	0	0					0	0	0	0					0	0	0	0					0	0	0	0					19	46	(79)	361							(3)	(9)	(21)	9					(1)	(21)	(3)	11					23	76	(55)	341					0	0	0	0					0	0	0	0					0	0	0	0				0					0	0					(2)
Balance at the Beginning of the Period									(1,232)	(842)	(1,509)	(312)					(62)	(67)	(74)	(100)					(7)	(9)	(8)	0					63	91	47	49					0	1	0	1					(551)	(1,085)	(978)	(1,280)					(16)	(53)	(59)	(109)					(573)	(1,122)	(1,072)	(1,439)					(193)	(394)	(213)	(370)					(1,998)	(2,358)	(2,794)	(2,121)
Net realized and unrealized gains and losses related to Level 3 items, liabilities									(871)	(155)	(410)	(687)					(3)	(3)	(3)	(2)					(1)	0	2	3					(21)	6	(15)	14					0	(1)	0	0					11	75	171	229					(12)	14	61	49					(26)	91	216	293					3	21	5	13					(894)	(43)	(189)	(381)
Other Comprehensive Income (Loss)									0	8	0	(16)					0	0	0	0					0	0	0	0					0	0	0	0					0	0	0	0					0	0	0	0					0	4	0	51					0	4	0	51					0	0	0	0					0	12	0	35
Purchases, Sales, Issues and Settlements-Net									(146)	(2)	(330)	24					7	1	19	33					1	2	(1)	(10)					(3)	2	7	(12)					0	0	0	0		0			12	(8)	279	33					(23)	(20)	(53)	(46)					(6)	(23)	251	(2)					0	1	18	34					(152)	(24)	(61)	56
Gross Transfers in, liabilities									0	0	0	0					0	0	0	0					0	0	0	0					0	0	0	48					0	0	0	0					0	0	0	0					0	0	0	0					0	0	0	48					0	0	0	(70)					0	0	0	(22)
Gross Transfers out, liabilities									0	0	0	0					0	(2)	0	(2)					0	0	0	0					0	(53)	0	(53)					0	0	0	(1)					0	0	0	0					0	0	0	0					0	(55)	0	(56)					0	75	0	96					0	20	0	40
Balance at the End of the Period									(2,249)	(991)	(2,249)	(991)					(58)	(71)	(58)	(71)					(7)	(7)	(7)	(7)					39	46	39	46					0	0	0	0					(528)	(1,018)	(528)	(1,018)					(51)	(55)	(51)	(55)					(605)	(1,105)	(605)	(1,105)					(190)	(297)	(190)	(297)					(3,044)	(2,393)	(3,044)	(2,393)
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities													$ 32	$ (21)	$ 72	$ (140)					$ (4)	$ (3)	$ (4)	$ 0					$ (2)	$ 0	$ 1	$ 4					$ (21)	$ 0	$ (19)	$ 6					$ 0	$ 0	$ 0	$ 0					$ 23	$ 65	$ 73	$ 229					$ (13)	$ 17	$ 53	$ 37					$ (17)	$ 79	$ 104	$ 276					$ 0	$ 16	$ 13	$ 15					$ 15	$ 74	$ 189	$ 151

FAIR VALUE MEASUREMENTS (Details - Gross components of purchases, sales, issues and settlements) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, Sales, Issues and Settlements, Net, assets	$ (556)	$ 607	$ (1,899)	$ 1,794
Transfers into Level 3 at end of reporting period, net gains (losses) not included in realized and unrealized gains and losses related to Level 3 for the period	17	(2)	35	35
Transfers out Level 3 at end of reporting period, net gains (losses) not included in realized and unrealized gains and losses related to Level 3 for the period.	3	52	6	50
Liabilities
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, liabilities	1	0	18	1
Sales, liabilities	(122)	(38)	(307)	(96)
Settlements, liabilities	(31)	14	228	151
Purchases, Sales, Issues and Settlements, Net, liabilities	(152)	(24)	(61)	56
Policyholder contract deposits
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, liabilities	0	0	0	0
Sales, liabilities	(122)	(36)	(307)	(94)
Settlements, liabilities	(24)	34	(23)	118
Purchases, Sales, Issues and Settlements, Net, liabilities	(146)	(2)	(330)	24
Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, liabilities	1	0	18	1
Sales, liabilities	0	(2)	0	(2)
Settlements, liabilities	(7)	(21)	233	(1)
Purchases, Sales, Issues and Settlements, Net, liabilities	(6)	(23)	251	(2)
Long-term debt
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, liabilities	0	0	0	0
Sales, liabilities	0	0	0	0
Settlements, liabilities	0	1	18	34
Purchases, Sales, Issues and Settlements, Net, liabilities	0	1	18	34
Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	1,155	2,794	4,823	7,567
Sales, assets	(50)	(316)	(1,574)	(482)
Settlements, assets	(1,661)	(1,871)	(5,148)	(5,291)
Purchases, Sales, Issues and Settlements, Net, assets	(556)	607	(1,899)	1,794
Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	729	2,512	3,558	6,640
Sales, assets	(39)	(300)	(514)	(425)
Settlements, assets	(1,061)	(1,160)	(3,309)	(3,070)
Purchases, Sales, Issues and Settlements, Net, assets	(371)	1,052	(265)	3,145
Bonds available for sale \| Obligations of states, municipalities and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	35	66	258	1,002
Sales, assets	0	(3)	(22)	(35)
Settlements, assets	(19)	(20)	(62)	(71)
Purchases, Sales, Issues and Settlements, Net, assets	16	43	174	896
Bonds available for sale \| Non-U.S. government
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	3	1	11	8
Sales, assets	(1)	0	(1)	0
Settlements, assets	(3)	0	(7)	(1)
Purchases, Sales, Issues and Settlements, Net, assets	(1)	1	3	7
Bonds available for sale \| Corporate debt
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	32	22	220	141
Sales, assets	0	0	(60)	(8)
Settlements, assets	(95)	(95)	(369)	(273)
Purchases, Sales, Issues and Settlements, Net, assets	(63)	(73)	(209)	(140)
Bonds available for sale \| Residential mortgage backed securities (RMBS)
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	449	1,062	1,856	2,814
Sales, assets	(29)	(62)	(194)	(88)
Settlements, assets	(772)	(625)	(2,090)	(1,727)
Purchases, Sales, Issues and Settlements, Net, assets	(352)	375	(428)	999
Bonds available for sale \| Commercial mortgage-backed securities (CMBS)
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	50	276	192	368
Sales, assets	0	(167)	(27)	(224)
Settlements, assets	0	(95)	(68)	(187)
Purchases, Sales, Issues and Settlements, Net, assets	50	14	97	(43)
Bonds available for sale \| Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	160	1,085	1,021	2,307
Sales, assets	(9)	(68)	(210)	(70)
Settlements, assets	(172)	(325)	(713)	(811)
Purchases, Sales, Issues and Settlements, Net, assets	(21)	692	98	1,426
Other Bond securities
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	228	6	763	212
Sales, assets	(11)	(16)	(471)	(56)
Settlements, assets	(471)	(500)	(1,406)	(1,612)
Purchases, Sales, Issues and Settlements, Net, assets	(254)	(510)	(1,114)	(1,456)
Other Bond securities \| Corporate debt
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets				0
Sales, assets				0
Settlements, assets				0
Other Bond securities \| Residential mortgage backed securities (RMBS)
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	218	0	527	162
Sales, assets	(6)	(3)	(16)	(22)
Settlements, assets	(43)	(36)	(122)	(107)
Purchases, Sales, Issues and Settlements, Net, assets	169	(39)	389	33
Other Bond securities \| Commercial mortgage-backed securities (CMBS)
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	0	0	0	0
Sales, assets	0	(9)	(79)	(15)
Settlements, assets	(8)	(11)	(83)	(136)
Purchases, Sales, Issues and Settlements, Net, assets	(8)	(20)	(162)	(151)
Other Bond securities \| Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	10	6	236	50
Sales, assets	(5)	(4)	(376)	(19)
Settlements, assets	(420)	(453)	(1,201)	(1,369)
Purchases, Sales, Issues and Settlements, Net, assets	(415)	(451)	(1,341)	(1,338)
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	0	0	0	0
Sales, assets	0	0	(2)	0
Settlements, assets	0	0	(1)	0
Purchases, Sales, Issues and Settlements, Net, assets	0	0	(3)	0
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	193	276	497	709
Sales, assets	0	0	(587)	(1)
Settlements, assets	(129)	(211)	(432)	(609)
Purchases, Sales, Issues and Settlements, Net, assets	64	65	(522)	99
Mortgage and other loans receivable, net of allowance
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	5	0	5	6
Purchases, Sales, Issues and Settlements, Net, assets	$ 5	$ 0	$ 5	$ 6

FAIR VALUE MEASUREMENTS (Details - Quantitative Information About Level 3 Fair Value Measurements - Assets) (Level 3, USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Corporate debt
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 1,506
Corporate debt \| Discounted cash flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		1,145
Corporate debt \| Discounted cash flow \| Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	3.91%	3.46%
Corporate debt \| Discounted cash flow \| Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	5.80%	8.75%
Corporate debt \| Discounted cash flow \| Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.85%	6.10%
Residential mortgage backed securities
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	17,609
Residential mortgage backed securities \| Discounted cash flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		17,353
Residential mortgage backed securities \| Discounted cash flow \| Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	3.02%	2.67%
Constant prepayment rate	0.93%	0.59%
Loss severity	45.29%	46.04%
Constant default rate	3.47%	3.67%
Residential mortgage backed securities \| Discounted cash flow \| Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	5.96%	6.64%
Constant prepayment rate	8.91%	9.35%
Loss severity	77.96%	79.56%
Constant default rate	9.01%	9.96%
Residential mortgage backed securities \| Discounted cash flow \| Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.49%	4.65%
Constant prepayment rate	4.92%	4.97%
Loss severity	61.63%	62.80%
Constant default rate	6.24%	6.82%
Certain CDO/ABS
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	3,217
Certain CDO/ABS \| Discounted cash flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		5,282
Certain CDO/ABS \| Discounted cash flow \| Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	2.79%	4.70%
Certain CDO/ABS \| Discounted cash flow \| Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.33%	9.70%
Certain CDO/ABS \| Discounted cash flow \| Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	3.56%	7.10%
Commercial mortgage backed securities
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	2,656
Commercial mortgage backed securities \| Discounted cash flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		2,687
Commercial mortgage backed securities \| Discounted cash flow \| Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	0.00%	0.00%
Commercial mortgage backed securities \| Discounted cash flow \| Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	18.45%	17.29%
Commercial mortgage backed securities \| Discounted cash flow \| Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	6.07%	6.06%
Obligations of states, municipalities and political subdivisions
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	1,199
Obligations of states, municipalities and political subdivisions \| Discounted cash flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		$ 1,178
Obligations of states, municipalities and political subdivisions \| Discounted cash flow \| Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.34%	3.90%
Obligations of states, municipalities and political subdivisions \| Discounted cash flow \| Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	5.16%	4.62%
Obligations of states, municipalities and political subdivisions \| Discounted cash flow \| Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.75%	4.26%

FAIR VALUE MEASUREMENTS (Details - Quantitative Information About Level 3 Fair Value Measurements - Liabilities) (USD $) In Millions, unless otherwise specified			9 Months Ended	12 Months Ended	9 Months Ended	12 Months Ended			9 Months Ended	12 Months Ended	9 Months Ended	12 Months Ended			9 Months Ended	12 Months Ended	9 Months Ended	12 Months Ended		9 Months Ended	12 Months Ended	9 Months Ended	12 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2015 GMWB Level 3	Dec. 31, 2014 GMWB Level 3	Sep. 30, 2015 GMWB Discounted cash flow Minimum Level 3	Dec. 31, 2014 GMWB Discounted cash flow Minimum Level 3	Sep. 30, 2015 GMWB Discounted cash flow Maximum Level 3	Dec. 31, 2014 GMWB Discounted cash flow Maximum Level 3	Sep. 30, 2015 Index Annuities Level 3	Dec. 31, 2014 Index Annuities Level 3	Sep. 30, 2015 Index Annuities Discounted cash flow Minimum Level 3	Dec. 31, 2014 Index Annuities Discounted cash flow Minimum Level 3	Sep. 30, 2015 Index Annuities Discounted cash flow Maximum Level 3	Dec. 31, 2014 Index Annuities Discounted cash flow Maximum Level 3	Sep. 30, 2015 Index Life Level 3	Dec. 31, 2014 Index Life Level 3	Sep. 30, 2015 Index Life Discounted cash flow Minimum Level 3	Dec. 31, 2014 Index Life Discounted cash flow Minimum Level 3	Sep. 30, 2015 Index Life Discounted cash flow Maximum Level 3	Dec. 31, 2014 Index Life Discounted cash flow Maximum Level 3	Dec. 31, 2014 Derivative Liabilities - Credit contracts Level 3	Sep. 30, 2014 Derivative Liabilities - Credit contracts BET Minimum	Dec. 31, 2014 Derivative Liabilities - Credit contracts BET Minimum Level 3	Sep. 30, 2014 Derivative Liabilities - Credit contracts BET Maximum	Dec. 31, 2014 Derivative Liabilities - Credit contracts BET Maximum Level 3	Sep. 30, 2014 Derivative Liabilities - Credit contracts BET Weighted-average	Dec. 31, 2014 Derivative Liabilities - Credit contracts BET Weighted-average Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair value	$ 1,392	$ 890					$ 556	$ 294					$ 295	$ 259					$ 791
Equity implied volatility			6.00%	6.00%	39.00%	39.00%									10.00%	10.00%	25.00%	25.00%
Base lapse rates			0.50%	1.00%	30.00%	40.00%									2.00%	2.00%	19.00%	19.00%
Dynamic lapse rates			0.07%	0.20%	45.00%	60.00%
Mortality rates			0.05%	0.10%	35.00%	35.00%			0.02%	0.02%	44.06%	44.06%			0.00%	0.00%	20.00%	20.00%
Utilization rates			1.00%	0.50%	65.00%	30.00%
Lapse rates									0.75%	0.75%	66.00%	66.00%
Recovery rates																					5.00%		23.00%		13.00%
Diversity score																				8		25		13
Weighted average life																					2 years 8 months 1 day		10 years 5 months 26 days		4 years 7 months 24 days

FAIR VALUE MEASUREMENTS (Details - Investments in Certain Entities Carried at Fair Value Using Net Asset Value Per Share) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	$ 8,881	$ 8,359
Unfunded Commitments	998	986
Private equity funds:
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	2,833	3,160
Unfunded Commitments	980	980
Average original expected lives	10 years
Second investment redemption notice period	2 years
Private equity funds: \| Maximum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Average original expected lives	2 years
Private equity funds: \| Minimum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Average original expected lives	1 year
Private equity funds: \| Expected remaining lives of 3 years or less
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part	82.00%
Private equity funds: \| Expected remaining lives of 3 years or less \| Maximum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
First threshold level of remaining lives	3 years
Private equity funds: \| Expected remaining lives of less than 4 to 6 years
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part	5.00%
Private equity funds: \| Expected remaining lives of less than 4 to 6 years \| Maximum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Second threshold level of remaining lives	6 years
Private equity funds: \| Expected remaining lives of less than 4 to 6 years \| Minimum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Second threshold level of remaining lives	4 years
Private equity funds: \| Expected remaining lives of less than 7 to 10 years
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part	13.00%
Private equity funds: \| Expected remaining lives of less than 7 to 10 years \| Maximum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Third threshold level of remaining lives	10 years
Private equity funds: \| Expected remaining lives of less than 7 to 10 years \| Minimum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Third threshold level of remaining lives	7 years
Leveraged buyout
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	1,941	2,275
Unfunded Commitments	423	450
Real Estate / Infrastructure
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	328	384
Unfunded Commitments	202	227
Venture capital
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	118	121
Unfunded Commitments	53	26
Distressed
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	158	164
Unfunded Commitments	42	43
Other..
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	288	216
Unfunded Commitments	260	234
Hedge funds:
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	6,048	5,199
Unfunded Commitments	18	6
Hedge fund investments redeemable monthly (as a percent)	14.00%
Hedge fund investments redeemable quarterly (as a percent)	48.00%
Hedge fund investments redeemable semi-annually (as a percent)	14.00%
Hedge fund investments redeemable annually (as a percent)	24.00%
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part	45.00%
Hedge funds: \| Maximum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investment redemption notice period (in days/years)	180 days
Hedge funds: \| Minimum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investment redemption notice period (in days/years)	1 day
Event-driven
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	1,242	1,109
Unfunded Commitments	0	0
Long-short
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	2,998	2,428
Unfunded Commitments	8	1
Macro
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	552	498
Unfunded Commitments	0	0
Distressed.
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	736	731
Unfunded Commitments	10	5
Emerging markets
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	358	308
Unfunded Commitments	0	0
Other hedge funds
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	162	125
Unfunded Commitments	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Details - Gains or losses recorded related to the eligible instruments) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	$ (365)	$ 346	$ 553	$ 1,585
Fair value option credit risk gains (losses)	(18)	8	(7)	(14)
Fair Value Option \| Other long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	(144)	23	(89)	(186)
Fair Value Option \| Other liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	0	(4)	(3)	(10)
Fair Value Option \| Bond and equity securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	(106)	252	495	1,529
Fair Value Option \| Alternative investments
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	(115)	73	148	245
Fair Value Option \| Other, Including Short term investments
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	$ 0	$ 2	$ 2	$ 7

FAIR VALUE MEASUREMENTS (Details - Difference between fair values and the aggregate contractual principal amounts of long-term debt) (USD $) In Millions, unless otherwise specified	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage and other loans receivable, Fair Value	$ 11	$ 6
Long-term debt, Fair Value	3,985	5,466
Long-term debt, Outstanding Principal Amount	30,719	31,217
Fair Value Option
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage and other loans receivable, Fair Value	11	6
Mortgage and other loans receivable, Outstanding Principal Amount	9	4
Mortgage and other loans receivable, Difference	2	2
Long-term debt, Fair Value	3,985	5,466
Long-term debt, Outstanding Principal Amount	2,883	4,101
Long-term debt, Difference	$ 1,102	$ 1,365

FAIR VALUE MEASUREMENTS (Details - Assets measured at fair value on a non-recurring basis at the time of impairment and the related impairment charges) (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		3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015 Other Investments	Sep. 30, 2014 Other Investments	Sep. 30, 2015 Other Investments	Sep. 30, 2014 Other Investments	Sep. 30, 2015 Investments In Life Settlements	Sep. 30, 2014 Investments In Life Settlements	Sep. 30, 2015 Investments In Life Settlements	Sep. 30, 2014 Investments In Life Settlements	Sep. 30, 2015 Other assets	Sep. 30, 2014 Other assets	Sep. 30, 2015 Other assets	Sep. 30, 2014 Other assets	Sep. 30, 2015 Level 1	Dec. 31, 2014 Level 1	Sep. 30, 2015 Level 1 Other Investments	Dec. 31, 2014 Level 1 Other Investments	Sep. 30, 2015 Level 1 Investments In Life Settlements	Dec. 31, 2014 Level 1 Investments In Life Settlements	Sep. 30, 2015 Level 1 Other assets	Dec. 31, 2014 Level 1 Other assets	Sep. 30, 2015 Level 2	Dec. 31, 2014 Level 2	Sep. 30, 2015 Level 2 Other Investments	Dec. 31, 2014 Level 2 Other Investments	Sep. 30, 2015 Level 2 Investments In Life Settlements	Dec. 31, 2014 Level 2 Investments In Life Settlements	Sep. 30, 2015 Level 2 Other assets	Dec. 31, 2014 Level 2 Other assets	Sep. 30, 2015 Level 3	Dec. 31, 2014 Level 3	Sep. 30, 2015 Level 3 Other Investments	Dec. 31, 2014 Level 3 Other Investments	Sep. 30, 2015 Level 3 Investments In Life Settlements	Dec. 31, 2014 Level 3 Investments In Life Settlements	Sep. 30, 2015 Level 3 Other assets	Dec. 31, 2014 Level 3 Other assets	Sep. 30, 2015 Total Fair Value	Dec. 31, 2014 Total Fair Value	Sep. 30, 2015 Total Fair Value Other Investments	Dec. 31, 2014 Total Fair Value Other Investments	Sep. 30, 2015 Total Fair Value Investments In Life Settlements	Dec. 31, 2014 Total Fair Value Investments In Life Settlements	Sep. 30, 2015 Total Fair Value Other assets	Dec. 31, 2014 Total Fair Value Other assets
Fair Value Assets Measured on Nonrecurring Basis [Line Items]
Assets at Fair Value, Non-Recurring Basis																	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 1,631	$ 1,328	$ 986	$ 790	$ 633	$ 537	$ 12	$ 1	$ 1,631	$ 1,328	$ 986	$ 790	$ 633	$ 537	$ 12	$ 1
Impairment Charges	$ 84	$ 115	$ 286	$ 258	$ 22	$ 62	$ 74	$ 117	$ 58	$ 52	$ 200	$ 139	$ 4	$ 1	$ 12	$ 2

FAIR VALUE MEASUREMENTS (Details - 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) (USD $) In Millions, unless otherwise specified	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Assets:
Mortgage and other loans receivable	$ 28,236	$ 24,990
Short-term investments	12,408	11,243
Cash	1,569	1,758	1,933	2,241
Liabilities:
Other liabilities	26,565	26,441
Long-term debt	30,719	31,217
Estimated Fair Value
Assets:
Mortgage and other loans receivable	29,336	26,606
Other invested assets	3,486	3,475
Short-term investments	9,675	9,559
Cash	1,569	1,758
Liabilities:
Policyholder contract deposits associated with investment-type contracts	115,940	119,512
Other liabilities	1,756	1,120
Long-term debt	27,735	27,681
Estimated Fair Value \| Level 1
Assets:
Mortgage and other loans receivable	0	0
Other invested assets	0	0
Short-term investments	0	0
Cash	1,569	1,758
Liabilities:
Policyholder contract deposits associated with investment-type contracts	0	0
Other liabilities	0	0
Long-term debt	0	0
Estimated Fair Value \| Level 2
Assets:
Mortgage and other loans receivable	202	449
Other invested assets	486	593
Short-term investments	9,675	9,559
Cash	0	0
Liabilities:
Policyholder contract deposits associated with investment-type contracts	268	244
Other liabilities	1,756	1,120
Long-term debt	22,993	24,749
Estimated Fair Value \| Level 3
Assets:
Mortgage and other loans receivable	29,134	26,157
Other invested assets	3,000	2,882
Short-term investments	0	0
Cash	0	0
Liabilities:
Policyholder contract deposits associated with investment-type contracts	115,672	119,268
Other liabilities	0	0
Long-term debt	4,742	2,932
Carrying Value
Assets:
Mortgage and other loans receivable	28,225	24,984
Other invested assets	4,338	4,352
Short-term investments	9,675	9,559
Cash	1,569	1,758
Liabilities:
Policyholder contract deposits associated with investment-type contracts	107,422	106,395
Other liabilities	1,756	1,120
Long-term debt	$ 26,734	$ 25,751

INVESTMENTS (Details - Amortized cost or cost and fair value of Available for sale securities) (USD $)	Sep. 30, 2015	Dec. 31, 2014
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	$ 243,791,000,000	$ 245,237,000,000
Available for sale securities, Gross Unrealized Gains	16,756,000,000	20,890,000,000
Available for sale securities, Gross Unrealized Losses	(3,801,000,000)	(1,873,000,000)
Available-for-sale Securities	256,746,000,000	264,254,000,000
AOCI- OTTI
Available-for-sale Securities Disclosures
Total, Other-Than-Temporary Impairments in AOCI	1,762,000,000	2,080,000,000
Bonds available for sale
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	241,985,000,000	243,307,000,000
Available for sale securities, Gross Unrealized Gains	14,716,000,000	18,371,000,000
Available for sale securities, Gross Unrealized Losses	(3,747,000,000)	(1,819,000,000)
Available-for-sale Securities	252,954,000,000	259,859,000,000
Other details of available for sale securities
Available for sale securities not rated or rated below investment grade	35,400,000,000	35,100,000,000
Bonds available for sale \| AOCI- OTTI
Available-for-sale Securities Disclosures
Total, Other-Than-Temporary Impairments in AOCI	1,762,000,000	2,080,000,000
Bonds available for sale \| U.S. government and government sponsored entities
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	1,705,000,000	2,806,000,000
Available for sale securities, Gross Unrealized Gains	179,000,000	204,000,000
Available for sale securities, Gross Unrealized Losses	(2,000,000)	(18,000,000)
Available-for-sale Securities	1,882,000,000	2,992,000,000
Bonds available for sale \| U.S. government and government sponsored entities \| AOCI- OTTI
Available-for-sale Securities Disclosures
Total, Other-Than-Temporary Impairments in AOCI	0	0
Bonds available for sale \| Obligations of states, municipalities and political subdivisions
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	26,305,000,000	25,979,000,000
Available for sale securities, Gross Unrealized Gains	1,361,000,000	1,729,000,000
Available for sale securities, Gross Unrealized Losses	(120,000,000)	(49,000,000)
Available-for-sale Securities	27,546,000,000	27,659,000,000
Bonds available for sale \| Obligations of states, municipalities and political subdivisions \| AOCI- OTTI
Available-for-sale Securities Disclosures
Total, Other-Than-Temporary Impairments in AOCI	16,000,000	(13,000,000)
Bonds available for sale \| Non-U.S. government
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	17,940,000,000	20,280,000,000
Available for sale securities, Gross Unrealized Gains	818,000,000	966,000,000
Available for sale securities, Gross Unrealized Losses	(330,000,000)	(151,000,000)
Available-for-sale Securities	18,428,000,000	21,095,000,000
Bonds available for sale \| Non-U.S. government \| AOCI- OTTI
Available-for-sale Securities Disclosures
Total, Other-Than-Temporary Impairments in AOCI	0	0
Bonds available for sale \| Corporate debt
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	134,852,000,000	134,961,000,000
Available for sale securities, Gross Unrealized Gains	8,032,000,000	10,594,000,000
Available for sale securities, Gross Unrealized Losses	(2,762,000,000)	(1,122,000,000)
Available-for-sale Securities	140,122,000,000	144,433,000,000
Bonds available for sale \| Corporate debt \| AOCI- OTTI
Available-for-sale Securities Disclosures
Total, Other-Than-Temporary Impairments in AOCI	21,000,000	64,000,000
Bonds available for sale \| Mortgage-backed, asset-backed and collateralized
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	61,183,000,000	59,281,000,000
Available for sale securities, Gross Unrealized Gains	4,326,000,000	4,878,000,000
Available for sale securities, Gross Unrealized Losses	(533,000,000)	(479,000,000)
Available-for-sale Securities	64,976,000,000	63,680,000,000
Bonds available for sale \| Mortgage-backed, asset-backed and collateralized \| AOCI- OTTI
Available-for-sale Securities Disclosures
Total, Other-Than-Temporary Impairments in AOCI	1,725,000,000	2,029,000,000
Bonds available for sale \| Residential mortgage backed securities (RMBS)
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	32,891,000,000	34,377,000,000
Available for sale securities, Gross Unrealized Gains	3,046,000,000	3,435,000,000
Available for sale securities, Gross Unrealized Losses	(312,000,000)	(292,000,000)
Available-for-sale Securities	35,625,000,000	37,520,000,000
Bonds available for sale \| Residential mortgage backed securities (RMBS) \| AOCI- OTTI
Available-for-sale Securities Disclosures
Total, Other-Than-Temporary Impairments in AOCI	1,479,000,000	1,767,000,000
Bonds available for sale \| Commercial mortgage-backed securities (CMBS)
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	13,014,000,000	12,129,000,000
Available for sale securities, Gross Unrealized Gains	775,000,000	815,000,000
Available for sale securities, Gross Unrealized Losses	(72,000,000)	(59,000,000)
Available-for-sale Securities	13,717,000,000	12,885,000,000
Bonds available for sale \| Commercial mortgage-backed securities (CMBS) \| AOCI- OTTI
Available-for-sale Securities Disclosures
Total, Other-Than-Temporary Impairments in AOCI	206,000,000	215,000,000
Bonds available for sale \| Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS)
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	15,278,000,000	12,775,000,000
Available for sale securities, Gross Unrealized Gains	505,000,000	628,000,000
Available for sale securities, Gross Unrealized Losses	(149,000,000)	(128,000,000)
Available-for-sale Securities	15,634,000,000	13,275,000,000
Bonds available for sale \| Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS) \| AOCI- OTTI
Available-for-sale Securities Disclosures
Total, Other-Than-Temporary Impairments in AOCI	40,000,000	47,000,000
Equity securities available for sale
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	1,806,000,000	1,930,000,000
Available for sale securities, Gross Unrealized Gains	2,040,000,000	2,519,000,000
Available for sale securities, Gross Unrealized Losses	(54,000,000)	(54,000,000)
Available-for-sale Securities	3,792,000,000	4,395,000,000
Equity securities available for sale \| Common Stock
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	986,000,000	1,185,000,000
Available for sale securities, Gross Unrealized Gains	1,993,000,000	2,461,000,000
Available for sale securities, Gross Unrealized Losses	(18,000,000)	(17,000,000)
Available-for-sale Securities	2,961,000,000	3,629,000,000
Equity securities available for sale \| Preferred Stock
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	19,000,000	21,000,000
Available for sale securities, Gross Unrealized Gains	4,000,000	4,000,000
Available for sale securities, Gross Unrealized Losses	0	0
Available-for-sale Securities	23,000,000	25,000,000
Equity securities available for sale \| Mutual Funds
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	801,000,000	724,000,000
Available for sale securities, Gross Unrealized Gains	43,000,000	54,000,000
Available for sale securities, Gross Unrealized Losses	(36,000,000)	(37,000,000)
Available-for-sale Securities	$ 808,000,000	$ 741,000,000

INVESTMENTS (Details - Summary of fair value and gross unrealized losses on available for sale securities aggregated by major investment category and length of time in a continuous unrealized loss position) (USD $) In Millions, unless otherwise specified	Sep. 30, 2015	Dec. 31, 2014
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	$ 52,643	$ 23,825
Gross Unrealized Losses, Less than 12 Months	2,375	719
Fair Value, 12 Months or More	12,406	22,344
Gross Unrealized Losses, 12 Months or More	1,426	1,154
Fair Value, Total	65,049	46,169
Gross Unrealized Losses, Total	3,801	1,873
Bonds available for sale
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	52,250	23,457
Gross Unrealized Losses, Less than 12 Months	2,329	666
Fair Value, 12 Months or More	12,384	22,278
Gross Unrealized Losses, 12 Months or More	1,418	1,153
Fair Value, Total	64,634	45,735
Gross Unrealized Losses, Total	3,747	1,819
Number of securities in an unrealized loss position	12,631
Number of individual securities in continuous unrealized loss position for longer than twelve months	1,966
Bonds available for sale \| U.S. government and government sponsored entities
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	121	526
Gross Unrealized Losses, Less than 12 Months	2	5
Fair Value, 12 Months or More	1	281
Gross Unrealized Losses, 12 Months or More	0	13
Fair Value, Total	122	807
Gross Unrealized Losses, Total	2	18
Bonds available for sale \| Obligations of states, municipalities and political subdivisions
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	3,190	495
Gross Unrealized Losses, Less than 12 Months	103	9
Fair Value, 12 Months or More	259	794
Gross Unrealized Losses, 12 Months or More	17	40
Fair Value, Total	3,449	1,289
Gross Unrealized Losses, Total	120	49
Bonds available for sale \| Non-U.S. government
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	4,140	1,606
Gross Unrealized Losses, Less than 12 Months	194	42
Fair Value, 12 Months or More	725	1,690
Gross Unrealized Losses, 12 Months or More	136	109
Fair Value, Total	4,865	3,296
Gross Unrealized Losses, Total	330	151
Bonds available for sale \| Corporate debt
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	32,818	12,132
Gross Unrealized Losses, Less than 12 Months	1,858	450
Fair Value, 12 Months or More	4,664	11,570
Gross Unrealized Losses, 12 Months or More	904	672
Fair Value, Total	37,482	23,702
Gross Unrealized Losses, Total	2,762	1,122
Bonds available for sale \| Residential mortgage backed securities (RMBS)
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	5,056	4,621
Gross Unrealized Losses, Less than 12 Months	82	109
Fair Value, 12 Months or More	4,146	3,996
Gross Unrealized Losses, 12 Months or More	230	183
Fair Value, Total	9,202	8,617
Gross Unrealized Losses, Total	312	292
Bonds available for sale \| Commercial mortgage-backed securities (CMBS)
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	2,239	220
Gross Unrealized Losses, Less than 12 Months	46	1
Fair Value, 12 Months or More	571	2,087
Gross Unrealized Losses, 12 Months or More	26	58
Fair Value, Total	2,810	2,307
Gross Unrealized Losses, Total	72	59
Bonds available for sale \| Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS)
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	4,686	3,857
Gross Unrealized Losses, Less than 12 Months	44	50
Fair Value, 12 Months or More	2,018	1,860
Gross Unrealized Losses, 12 Months or More	105	78
Fair Value, Total	6,704	5,717
Gross Unrealized Losses, Total	149	128
Equity securities available for sale
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	393	368
Gross Unrealized Losses, Less than 12 Months	46	53
Fair Value, 12 Months or More	22	66
Gross Unrealized Losses, 12 Months or More	8	1
Fair Value, Total	415	434
Gross Unrealized Losses, Total	54	54
Number of securities in an unrealized loss position	198
Equity securities available for sale \| Common Stock
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	96	88
Gross Unrealized Losses, Less than 12 Months	18	16
Fair Value, 12 Months or More	6	2
Gross Unrealized Losses, 12 Months or More	0	1
Fair Value, Total	102	90
Gross Unrealized Losses, Total	18	17
Equity securities available for sale \| Preferred Stock
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	0	0
Gross Unrealized Losses, Less than 12 Months	0	0
Fair Value, 12 Months or More	0	0
Gross Unrealized Losses, 12 Months or More	0	0
Fair Value, Total	0	0
Gross Unrealized Losses, Total	0	0
Equity securities available for sale \| Mutual Funds
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	297	280
Gross Unrealized Losses, Less than 12 Months	28	37
Fair Value, 12 Months or More	16	64
Gross Unrealized Losses, 12 Months or More	8	0
Fair Value, Total	313	344
Gross Unrealized Losses, Total	$ 36	$ 37

INVESTMENTS (Details - Amortized cost and fair value of fixed maturity securities available for sale by contractual maturity) (USD $) In Millions, unless otherwise specified	Sep. 30, 2015	Dec. 31, 2014
Available-for-sale Securities Disclosures
Available for sale securities, Amortized Cost, Total	$ 243,791	$ 245,237
Fixed Maturity Securities Available for Sale, Fair Value, Total	252,954	259,859
Fixed Maturity Securities in a Loss Position AFS
Available-for-sale Securities Disclosures
Due in one year or less, Amortized Cost	945	637
Due after one year through five years, Amortized Cost	7,176	6,669
Due after five years through ten years, Amortized Cost	17,681	12,873
Due after ten years, Amortized Cost	23,330	10,255
Mortgage-backed, asset-backed and collateralized, Amortized Cost	19,249	17,120
Available for sale securities, Amortized Cost, Total	68,381	47,554
Due in one year or less, Fair Value	926	620
Due after one year through five years, Fair Value	6,915	6,529
Due after five years through ten years, Fair Value	16,601	12,338
Due after ten years, Fair Value	21,476	9,607
Mortgage-backed, asset-backed and collateralized, Fair Value	18,716	16,641
Fixed Maturity Securities Available for Sale, Fair Value, Total	64,634	45,735
Bonds available for sale
Available-for-sale Securities Disclosures
Due in one year or less, Amortized Cost	10,295	9,821
Due after one year through five years, Amortized Cost	46,854	48,352
Due after five years through ten years, Amortized Cost	55,985	62,685
Due after ten years, Amortized Cost	67,668	63,168
Mortgage-backed, asset-backed and collateralized, Amortized Cost	61,183	59,281
Available for sale securities, Amortized Cost, Total	241,985	243,307
Due in one year or less, Fair Value	10,412	9,975
Due after one year through five years, Fair Value	49,320	50,873
Due after five years through ten years, Fair Value	57,443	65,889
Due after ten years, Fair Value	70,803	69,442
Mortgage-backed, asset-backed and collateralized, Fair Value	64,976	63,680
Fixed Maturity Securities Available for Sale, Fair Value, Total	$ 252,954	$ 259,859

INVESTMENTS (Details - Realized gains and gross realized losses from sales or maturities) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Available-for-sale Securities Disclosures
Gross Realized Gains	$ 120,000,000	$ 151,000,000	$ 983,000,000	$ 630,000,000
Aggregate fair value of available for sale securities sold	6,900,000,000	4,200,000,000	20,900,000,000	16,200,000,000
Net realized capital gains (losses)	0	100,000,000	700,000,000	500,000,000
Gross Realized Losses	120,000,000	25,000,000	305,000,000	75,000,000
Fixed maturity securities
Available-for-sale Securities Disclosures
Gross Realized Gains	96,000,000	118,000,000	439,000,000	528,000,000
Gross Realized Losses	112,000,000	21,000,000	289,000,000	65,000,000
Equity securities available for sale
Available-for-sale Securities Disclosures
Gross Realized Gains	24,000,000	33,000,000	544,000,000	102,000,000
Gross Realized Losses	$ 8,000,000	$ 4,000,000	$ 16,000,000	$ 10,000,000

INVESTMENTS (Details - Value of other securities measured at fair value based on election of the fair value option) (USD $) In Millions, unless otherwise specified	Sep. 30, 2015	Dec. 31, 2014
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 17,888	$ 20,761
Other Securities, Percent of Total	100.00%	100.00%
U.S. Government agency backed ABS
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	748	859
Fixed maturity securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	16,822	19,712
Other Securities, Percent of Total	94.00%	95.00%
Fixed maturity securities \| U.S. government and government sponsored entities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	3,813	5,498
Other Securities, Percent of Total	21.00%	27.00%
Fixed maturity securities \| Obligations of states, municipalities and political subdivisions
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	75	122
Other Securities, Percent of Total	0.00%	1.00%
Fixed maturity securities \| Non-U.S. government
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	2	2
Other Securities, Percent of Total	0.00%	0.00%
Fixed maturity securities \| Corporate debt
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	1,249	719
Other Securities, Percent of Total	7.00%	3.00%
Fixed maturity securities \| Mortgage-backed, asset-backed and collateralized
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	11,683	13,371
Other Securities, Percent of Total	66.00%	64.00%
Fixed maturity securities \| Residential mortgage backed securities (RMBS)
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	2,285	2,094
Other Securities, Percent of Total	13.00%	10.00%
Fixed maturity securities \| Commercial mortgage-backed securities (CMBS)
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	819	1,077
Other Securities, Percent of Total	5.00%	5.00%
Fixed maturity securities \| Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS)
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	8,579	10,200
Other Securities, Percent of Total	48.00%	49.00%
Fixed maturity securities \| Other
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	0	0
Equity securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 1,066	$ 1,049
Other Securities, Percent of Total	6.00%	5.00%

INVESTMENTS (Details - Components of Net investment income) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Pledged Investments
Total investment income	$ 3,339	$ 4,161	$ 11,272	$ 12,506
Investment expenses	133	133	402	398
Net investment income	3,206	4,028	10,870	12,108
Fixed maturity securities, including short-term investments
Pledged Investments
Total investment income	2,794	3,022	8,477	9,264
Equity securities
Pledged Investments
Total investment income	(5)	135	76	67
Interest on mortgage and other loans
Pledged Investments
Total investment income	360	318	1,046	947
Alternative investments
Pledged Investments
Total investment income	88	636	1,471	2,108
Real estate
Pledged Investments
Total investment income	66	25	116	86
Other investments
Pledged Investments
Total investment income	$ 36	$ 25	$ 86	$ 34

INVESTMENTS (Details - Components of Net realized capital gains (losses)) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Other-than-temporary impairments:
Severity	$ (10)	$ 0	$ (12)	$ 0
Change in intent	(81)	(14)	(193)	(20)
Foreign currency declines	(5)	(3)	(37)	(13)
Issuer-specific credit events	(176)	(31)	(314)	(124)
Adverse projected cash flows	(1)	(2)	(9)	(7)
Provision for loan losses	32	(11)	43	9
Foreign exchange transactions	(16)	350	304	329
Derivative instruments	13	102	509	(114)
Impairments on investments in life settlements	(58)	(52)	(200)	(139)
Other	(40)	71	356	70
Total net realized capital gains (losses)	(342)	536	1,125	546
Fixed maturity securities
Gain (Loss) on Investments [Line Items]
Sale of fixed maturity securities	(16)	97	150	463
Equity securities
Gain (Loss) on Investments [Line Items]
Sale of fixed maturity securities	$ 16	$ 29	$ 528	$ 92

INVESTMENTS (Details - Increase (decrease) in unrealized appreciation (depreciation)) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Available-for-sale Securities Disclosures
Increase (decrease) in unrealized appreciation (depreciation) of investments	$ (1,649)	$ (1,118)	$ (6,687)	$ 6,598
Fixed maturity securities
Available-for-sale Securities Disclosures
Increase (decrease) in unrealized appreciation (depreciation) of investments	(1,180)	(1,515)	(5,583)	6,123
Equity securities
Available-for-sale Securities Disclosures
Increase (decrease) in unrealized appreciation (depreciation) of investments	(384)	303	(479)	348
Other investments
Available-for-sale Securities Disclosures
Increase (decrease) in unrealized appreciation (depreciation) of investments	$ (85)	$ 94	$ (625)	$ 127

INVESTMENTS (Details - Rollforward of the cumulative credit losses in other-than-temporary impairments recognized in earnings) (Fixed maturity securities, USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fixed maturity securities
Other Than Temporary Impairment Credit Losses Recognized in Earnings
Balance, beginning of year	$ 2,238	$ 3,166	$ 2,659	$ 3,872
Increases due to:
Credit impairments on new securities subject to impairment losses	51	13	101	35
Additional credit impairments on previously impaired securities	37	5	84	59
Reductions due to:
Credit impaired securities fully disposed for which there was no prior intent or requirement to sell	(63)	(116)	(213)	(528)
Credit impaired securities for which there is a current intent or anticipated requirement to sell	1		1
Accretion on securities previously impaired due to credit	(197)	(183)	(565)	(544)
Other	0	0	0	(9)
Balance, end of year	$ 2,065	$ 2,885	$ 2,065	$ 2,885

INVESTMENTS (Details - Purchased Credit Impaired (PCI) Securities) (USD $) In Millions, unless otherwise specified					3 Months Ended		9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2015 Purchased Credit Impaired (PCI) Securities	Dec. 31, 2014 Purchased Credit Impaired (PCI) Securities	Sep. 30, 2015 Available for sale securities Purchased Credit Impaired (PCI) Securities	Sep. 30, 2014 Available for sale securities Purchased Credit Impaired (PCI) Securities	Sep. 30, 2015 Available for sale securities Purchased Credit Impaired (PCI) Securities	Sep. 30, 2014 Available for sale securities Purchased Credit Impaired (PCI) Securities
Available-for-sale Securities Disclosures
Contractually required payments (principal and interest)			$ 32,656
Cash flows expected to be collected			26,444
Recorded investment in acquired securities			17,662
Outstanding principal balance			17,017	16,962
Amortized cost	241,985	243,307	12,408	12,216
Fair value	256,746	264,254	13,426	13,462
Changes in activity for the accretable yield on PCI securities:
Balance, beginning of year					6,833	7,042	6,865	6,940
Newly purchased PCI securities					136	358	551	1,127
Disposals					0	0	(13)	0
Accretion					(220)	(223)	(661)	(654)
Effect of changes in interest rate indices					4	(96)	(140)	(327)
Net reclassification from non-accretable difference, including effects of prepayments					180	30	331	25
Balance, end of year					$ 6,933	$ 7,111	$ 6,933	$ 7,111

INVESTMENTS (Details - Pledged Investments) (USD $)	9 Months Ended	12 Months Ended
INVESTMENTS (Details - Pledged Investments) (USD $)	Sep. 30, 2015	Dec. 31, 2014
Pledged Investments
Fair Value of securities pledged	$ 2,969,000,000	$ 2,506,000,000
Fair value of amount repledged	126,000,000	131,000,000
Total carrying values of cash and securities deposited under requirements of regulatory authorities or other insurance-related arrangements	5,500,000,000	5,900,000,000
Short-term investments held in escrow	391,000,000
FHLBs
Pledged Investments
Fair value of available for sale securities	1,200,000,000	500,000,000
Amount owned by subsidiaries	48,000,000	44,000,000
Secured financing
Pledged Investments
Fair value of available for sale securities	996,000,000	0
Fair Value of other securities	994,000,000	2,122,000,000
Securities Sold under Agreements to Repurchase and Securities Loaned	1,900,000,000
Secured financing \| U.S. Government Bond Securities
Pledged Investments
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	155,000,000
Secured financing \| U.S. Government Bond Securities \| Up to 30 Days
Pledged Investments
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	15,000,000
Secured financing \| Non-U.S. government \| 31 to 90 Days
Pledged Investments
Securities Lending Agreements, Fair Value of Collateral	125,000,000
Secured financing \| Corporate debt \| 31 to 90 Days
Pledged Investments
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	73,000,000
Securities Lending Agreements, Fair Value of Collateral	856,000,000
Secured financing \| Corporate debt \| 91 to 364 Days
Pledged Investments
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	690,000,000
Secured financing \| Corporate debt \| 365 Days or Greater
Pledged Investments
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	76,000,000
GIAs
Pledged Investments
Fair Value of other securities	$ 2,600,000,000	$ 3,500,000,000

LENDING ACTIVITIES (Details - Composition of Mortgage and other loans receivable) (USD $) In Millions, unless otherwise specified									9 Months Ended	12 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2015 Commercial mortgages	Dec. 31, 2014 Commercial mortgages	Sep. 30, 2014 Commercial mortgages	Dec. 31, 2013 Commercial mortgages	Sep. 30, 2015 Commercial mortgages California	Dec. 31, 2014 Commercial mortgages California	Sep. 30, 2015 Commercial mortgages New York	Dec. 31, 2014 Commercial mortgages New York	Sep. 30, 2015 Life insurance policy loans	Dec. 31, 2014 Life insurance policy loans	Sep. 30, 2015 Commercial loans, other loans and notes receivable	Dec. 31, 2014 Commercial loans, other loans and notes receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loans receivable	$ 28,442	$ 25,261			$ 20,818	$ 18,909							$ 2,625	$ 2,710	$ 4,999	$ 3,642
Allowance for losses	(206)	(271)	(284)	(312)	(162)	(159)	(175)	(201)
Mortgage and other loans receivable, net	$ 28,236	$ 24,990
Percentage of mortgage loans in geographic area									12.00%	14.00%	21.00%	18.00%

- 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.

+ References+ Details

LENDING ACTIVITIES (Details - Credit quality indicators for commercial mortgages) (USD $) In Millions, unless otherwise specified																	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2015 Apartments	Dec. 31, 2014 Apartments	Sep. 30, 2015 Offices	Dec. 31, 2014 Offices	Sep. 30, 2015 Retail	Dec. 31, 2014 Retail	Sep. 30, 2015 Industrial	Dec. 31, 2014 Industrial	Sep. 30, 2015 Hotel	Dec. 31, 2014 Hotel	Sep. 30, 2015 Others	Dec. 31, 2014 Others	Sep. 30, 2015 Commercial mortgages loan	Dec. 31, 2014 Commercial mortgages loan
Commercial Mortgage Recorded Investment [Line Items]
Number of loans in good standing																	956	1,007
Number of loans restructured																	9	7
Number of loans 90 days or less delinquent																	5	6
Number of loans greater than 90 days delinquent or in process of foreclosure																	5	4
Number of Loans																	975	1,024
In good standing					$ 3,628	$ 3,384	$ 7,375	$ 6,100	$ 4,435	$ 3,807	$ 1,980	$ 1,689	$ 1,972	$ 1,660	$ 1,030	$ 1,812	$ 20,420	$ 18,452
Restructured					0	0	150	343	25	7	18	0	16	17	6	0	215	367
90 days or less delinquent					0	0	0	0	0	10	6	0	0	0	0	5	6	15
Greater than 90 days delinquent or in process of foreclosure					0	0	177	75	0	0	0	0	0	0	0	0	177	75
Mortgage and other loans receivable, net	28,236	24,990			3,628	3,384	7,702	6,518	4,460	3,824	2,004	1,689	1,988	1,677	1,036	1,817	20,818	18,909
Allowance for losses	$ 206	$ 271	$ 284	$ 312	$ 29	$ 3	$ 62	$ 86	$ 35	$ 28	$ 14	$ 22	$ 13	$ 6	$ 9	$ 14	$ 162	$ 159
Percentage of loans that are current as to payments of principal and interest																	98.00%	98.00%
Percentage restructured																	1.00%	2.00%
Percentage Total																	100.00%	100.00%
Percentage of loans with allowance for losses																	1.00%	1.00%
Percentage of current commercial mortgages held																	99.00%
Percentage greater than 90 days delinquent or in foreclosure																	1.00%

LENDING ACTIVITIES (Details - Allowance for Loan Losses) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of year	$ 271	$ 312
Loans charged off	(29)	(23)
Recoveries of loans previously charged off	5	16
Net charge-offs	(24)	(7)
Provision for loan losses	(44)	(22)
Other	3	1
Activity of discontinued operations	0	0
Allowance, end of period	206	284
Loans modified in a troubled debt restructuring	42	83
Commercial mortgages
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of year	159	201
Loans charged off	(23)	(10)
Recoveries of loans previously charged off	4	0
Net charge-offs	(19)	(10)
Provision for loan losses	22	(16)
Other	0	0
Activity of discontinued operations	0	0
Allowance, end of period	162	175
Allowance related to individually assessed credit losses	24	86
Commercial mortgage loans	512	246
Other Loans
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of year	112	111
Loans charged off	(6)	(13)
Recoveries of loans previously charged off	1	16
Net charge-offs	(5)	3
Provision for loan losses	(66)	(6)
Other	3	1
Activity of discontinued operations	0	0
Allowance, end of period	$ 44	$ 109

VARIABLE INTEREST ENTITIES (Details) (USD $)	Sep. 30, 2015	Dec. 31, 2014
Assets:
Bonds available for sale	$ 256,746,000,000	$ 264,254,000,000
Other bond securities	16,822,000,000	19,712,000,000
Mortgage and other loans receivable	28,236,000,000	24,990,000,000
Other invested assets	31,123,000,000	34,518,000,000
Liabilities:
Long-term debt	30,719,000,000	31,217,000,000
Real estate and investment funds
Liabilities:
Off-balance sheet exposure	127,200,000	56,400,000
Consolidated VIE
Assets:
Bonds available for sale	10,939,000,000	11,494,000,000
Other bond securities	6,798,000,000	7,906,000,000
Mortgage and other loans receivable	2,244,000,000	2,560,000,000
Other invested assets	3,796,000,000	2,941,000,000
Other assets	1,279,000,000	1,752,000,000
Total assets	25,056,000,000	26,653,000,000
Liabilities:
Long-term debt	2,766,000,000	1,697,000,000
Other liabilities	557,000,000	446,000,000
Total liabilities	3,323,000,000	2,143,000,000
Consolidated VIE \| Real estate and investment funds
Assets:
Mortgage and other loans receivable	1,000,000
Other invested assets	546,000,000	577,000,000
Other assets	54,000,000	40,000,000
Total assets	601,000,000	617,000,000
Liabilities:
Long-term debt	23,000,000	69,000,000
Other liabilities	51,000,000	32,000,000
Total liabilities	74,000,000	101,000,000
Consolidated VIE \| Securitization vehicles
Assets:
Bonds available for sale	10,915,000,000	11,459,000,000
Other bond securities	6,310,000,000	7,251,000,000
Mortgage and other loans receivable	2,104,000,000	2,398,000,000
Other invested assets	583,000,000	651,000,000
Other assets	814,000,000	1,447,000,000
Total assets	20,726,000,000	23,206,000,000
Liabilities:
Long-term debt	1,145,000,000	1,370,000,000
Other liabilities	249,000,000	276,000,000
Total liabilities	1,394,000,000	1,646,000,000
Investment-grade debt securities, loans and other assets	0	0
Consolidated VIE \| Structured investment vehicle
Assets:
Other bond securities	451,000,000	615,000,000
Other assets	73,000,000	140,000,000
Total assets	524,000,000	755,000,000
Liabilities:
Long-term debt	54,000,000	52,000,000
Other liabilities	0
Total liabilities	54,000,000	52,000,000
Consolidated VIE \| Affordable housing partnerships
Assets:
Other invested assets	2,644,000,000	1,684,000,000
Other assets	247,000,000	49,000,000
Total assets	2,891,000,000	1,733,000,000
Liabilities:
Long-term debt	1,538,000,000	199,000,000
Other liabilities	186,000,000	101,000,000
Total liabilities	1,724,000,000	300,000,000
Consolidated VIE \| Other
Assets:
Bonds available for sale	24,000,000	35,000,000
Other bond securities	37,000,000	40,000,000
Mortgage and other loans receivable	139,000,000	162,000,000
Other invested assets	23,000,000	29,000,000
Other assets	91,000,000	76,000,000
Total assets	314,000,000	342,000,000
Liabilities:
Long-term debt	6,000,000	7,000,000
Other liabilities	71,000,000	37,000,000
Total liabilities	77,000,000	44,000,000
Unconsolidated VIE
Assets:
Other invested assets	4,100,000,000	3,200,000,000
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	28,216,000,000	29,819,000,000
Maximum Exposure to Loss, On-Balance Sheet	4,425,000,000	3,514,000,000
Maximum Exposure to Loss, Off-Balance Sheet	1,385,000,000	1,446,000,000
Total maximum exposure to loss	5,810,000,000	4,960,000,000
Unconsolidated VIE \| Real estate and investment funds
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	21,844,000,000	19,949,000,000
Maximum Exposure to Loss, On-Balance Sheet	3,179,000,000	2,785,000,000
Maximum Exposure to Loss, Off-Balance Sheet	393,000,000	454,000,000
Total maximum exposure to loss	3,572,000,000	3,239,000,000
Unconsolidated VIE \| Affordable housing partnerships
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	5,262,000,000	7,911,000,000
Maximum Exposure to Loss, On-Balance Sheet	1,004,000,000	425,000,000
Total maximum exposure to loss	1,004,000,000	425,000,000
Unconsolidated VIE \| Other
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	1,110,000,000	1,959,000,000
Maximum Exposure to Loss, On-Balance Sheet	242,000,000	304,000,000
Maximum Exposure to Loss, Off-Balance Sheet	992,000,000	992,000,000
Total maximum exposure to loss	1,234,000,000	1,296,000,000
Unconsolidated VIE \| Other \| Scenario Previously Reported Member
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Maximum Exposure to Loss, On-Balance Sheet		32,000,000
Maximum Exposure to Loss, Off-Balance Sheet		$ 0

DERIVATIVES AND HEDGE ACCOUNTING (Details - Notional amounts and fair values of derivative instruments) (USD $) In Millions, unless otherwise specified	Sep. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	$ 118,311	$ 123,250
Gross Derivative Assets, Fair Value	5,124	4,825
Gross Derivative Liabilities, Notional Amount	112,121	103,914
Gross Derivative Liabilities, Fair Value	7,066	7,381
Derivative assets, Counterparty netting, Fair Value	(1,691)	(2,102)
Derivative assets, Cash collateral, Fair Value	(2,129)	(1,119)
Total derivative assets, net	1,304	1,604
Derivative liabilities, Counterparty netting, Fair Value	(1,691)	(2,102)
Derivative liabilities, Cash collateral, Fair Value	(910)	(1,429)
Total derivative liabilities, net	4,465	3,850
Less: Bifurcated embedded derivatives assets, fair value	0	0
Less: Bifurcated embedded derivative liabilities, fair value	2,300	1,577
Derivative assets, at fair value	1,304	1,604
Derivative liabilities, at fair value	2,165	2,273
Bifurcated embedded derivatives
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	0
Gross Derivative Assets, Fair Value	0
Gross Derivative Liabilities, Notional Amount	42,700	39,300
Gross Derivative Liabilities, Fair Value	2,300	1,500
Derivatives designated as hedging instruments \| Interest rate contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	915	155
Gross Derivative Assets, Fair Value	5	0
Gross Derivative Liabilities, Notional Amount	25	25
Gross Derivative Liabilities, Fair Value	2	2
Derivatives designated as hedging instruments \| Foreign exchange contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	2,380	611
Gross Derivative Assets, Fair Value	196	25
Gross Derivative Liabilities, Notional Amount	1,401	1,794
Gross Derivative Liabilities, Fair Value	68	239
Derivatives designated as hedging instruments \| Equity contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	15	7
Gross Derivative Assets, Fair Value	2	1
Gross Derivative Liabilities, Notional Amount	113	104
Gross Derivative Liabilities, Fair Value	5	13
Derivatives not designated as hedging instruments \| Interest rate contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	60,521	65,070
Gross Derivative Assets, Fair Value	4,078	3,743
Gross Derivative Liabilities, Notional Amount	51,865	45,251
Gross Derivative Liabilities, Fair Value	2,893	3,183
Derivatives not designated as hedging instruments \| Foreign exchange contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	11,904	13,667
Gross Derivative Assets, Fair Value	640	815
Gross Derivative Liabilities, Notional Amount	9,111	8,516
Gross Derivative Liabilities, Fair Value	1,147	1,251
Derivatives not designated as hedging instruments \| Equity contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	6,598	7,565
Gross Derivative Assets, Fair Value	173	206
Gross Derivative Liabilities, Notional Amount	48,033	42,387
Gross Derivative Liabilities, Fair Value	2,341	1,615
Derivatives not designated as hedging instruments \| Commodity contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	0	15
Gross Derivative Assets, Fair Value	0	0
Gross Derivative Liabilities, Notional Amount	0	11
Gross Derivative Liabilities, Fair Value	0	6
Derivatives not designated as hedging instruments \| Credit contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	4	5
Gross Derivative Assets, Fair Value	3	4
Gross Derivative Liabilities, Notional Amount	1,323	5,288
Gross Derivative Liabilities, Fair Value	531	982
Derivatives not designated as hedging instruments \| Other contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	35,974	36,155
Gross Derivative Assets, Fair Value	27	31
Gross Derivative Liabilities, Notional Amount	250	538
Gross Derivative Liabilities, Fair Value	79	90
Derivatives not designated as hedging instruments \| Bifurcated embedded derivatives
Derivative [Line Items]
Gross Derivative Assets, Notional Amount		0
Gross Derivative Assets, Fair Value		$ 0

DERIVATIVES AND HEDGE ACCOUNTING (Details - Fair values of derivative assets and liabilities) (USD $)	Sep. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Derivative Liabilities, Notional Amount	$ 112,121,000,000	$ 103,914,000,000
Derivative Liabilities, Fair Value	7,066,000,000	7,381,000,000
Collateral
Collateral posted to third parties for derivative transactions	3,100,000,000	3,300,000,000
Collateral obtained from third parties for derivative transactions	2,200,000,000	1,300,000,000
Global Capital Markets (GCM) derivatives \| Super Senior CDS
Derivative [Line Items]
Derivative Liabilities, Notional Amount	1,100,000,000	2,600,000,000
Derivative Liabilities, Fair Value	504,000,000	947,000,000
Global Capital Markets (GCM) derivatives \| Corporate debt/CLOs
Derivative [Line Items]
Derivative Liabilities, Notional Amount		2,500,000,000
Derivative Liabilities, Fair Value	$ 0	$ 7,000,000

- 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. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement.

+ References+ Details

DERIVATIVES AND HEDGE ACCOUNTING (Details - Hedge Accounting) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships	$ 14	$ 104	$ 87	$ 107
Derivatives designated as hedging instruments \| Interest rate contracts \| Fair value hedging \| Net realized capital gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	1	0	1	1
Gain (loss) recognized in earnings on hedged items	(1)	0	(1)	(2)
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Gain Loss On Fair Value Hedges Recognized In Earnings Other	0	0	0	(1)
Derivatives designated as hedging instruments \| Interest rate contracts \| Fair value hedging \| Other income (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	0	0	0	0
Gain (loss) recognized in earnings on hedged items	2	10	7	38
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Gain Loss On Fair Value Hedges Recognized In Earnings Other	2	10	7	38
Derivatives designated as hedging instruments \| Interest rate contracts \| Fair value hedging \| Loss on extinguishment of debt
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	0	0	0	0
Gain (loss) recognized in earnings on hedged items	1	0	14	50
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Gain Loss On Fair Value Hedges Recognized In Earnings Other	1	0	14	50
Derivatives designated as hedging instruments \| Interest rate contracts \| Fair value hedging \| Interest credited to policyholder account balances
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	0	0	0	1
Gain (loss) recognized in earnings on hedged items	0	0	0	(1)
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Gain Loss On Fair Value Hedges Recognized In Earnings Other	0	0	0	0
Derivatives designated as hedging instruments \| Foreign exchange contracts \| Fair value hedging \| Net realized capital gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	81	(76)	152	(20)
Gain (loss) recognized in earnings on hedged items	(67)	91	(123)	32
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	14	9	27	(3)
Gain Loss On Fair Value Hedges Recognized In Earnings Other	0	6	2	15
Derivatives designated as hedging instruments \| Foreign exchange contracts \| Fair value hedging \| Other income (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	0	0	0	0
Gain (loss) recognized in earnings on hedged items	4	7	14	7
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Gain Loss On Fair Value Hedges Recognized In Earnings Other	4	7	14	7
Derivatives designated as hedging instruments \| Foreign exchange contracts \| Fair value hedging \| Loss on extinguishment of debt
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	0	0	0	0
Gain (loss) recognized in earnings on hedged items	0	0	17	0
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Gain Loss On Fair Value Hedges Recognized In Earnings Other	0	0	17	0
Derivatives designated as hedging instruments \| Foreign exchange contracts \| Fair value hedging \| Interest credited to policyholder account balances
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	0	0	0	0
Gain (loss) recognized in earnings on hedged items	0	(1)	(1)	(2)
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Gain Loss On Fair Value Hedges Recognized In Earnings Other	0	(1)	(1)	(2)
Derivatives designated as hedging instruments \| Equity contracts \| Fair value hedging \| Net realized capital gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(4)	4	(23)	(10)
Gain (loss) recognized in earnings on hedged items	3	(6)	21	8
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	(1)	(2)	(2)	(2)
Gain Loss On Fair Value Hedges Recognized In Earnings Other	0	0	0	0
Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	16	433	914	412
Derivatives not designated as hedging instruments \| Policy fees
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	20	19	59	49
Derivatives not designated as hedging instruments \| Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	6	24	20	20
Derivatives not designated as hedging instruments \| Net realized capital gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	20	79	496	(114)
Derivatives not designated as hedging instruments \| Other income (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(36)	309	334	447
Derivatives not designated as hedging instruments \| Policyholder benefits and claims incurred
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	6	2	5	10
Derivatives not designated as hedging instruments \| Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	469	222	402	409
Derivatives not designated as hedging instruments \| Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	51	253	321	276
Derivatives not designated as hedging instruments \| Equity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(586)	(159)	(39)	(584)
Embedded derivative gains (losses)	(816)	(86)	(147)	(428)
Derivatives not designated as hedging instruments \| Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	0	(2)	(1)	(1)
Derivatives not designated as hedging instruments \| Credit contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	11	75	171	229
Derivatives not designated as hedging instruments \| Other contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	$ 71	$ 44	$ 60	$ 83

DERIVATIVES AND HEDGE ACCOUNTING (Details - Global Capital Market Derivatives) (USD $)					9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2015 Credit Risk-Related Contingent Features	Dec. 31, 2014 Credit Risk-Related Contingent Features	Sep. 30, 2015 Global Capital Markets (GCM) derivatives Super Senior CDS Arbitrage Multi-sector CDOs
Credit Derivatives [Line Items]
Collateral posted			$ 2,300,000,000	$ 2,700,000,000
Derivative weighted average maturity					6 years
Aggregate fair value of net liability position			2,200,000,000	2,500,000,000
Additional collateral requirements, one-notch downgrade			46,000,000
Addtional collateral postings and termination payments			12,000,000
Further additional collateral requirements, one-notch downgrade			118,000,000
Fair value of hybrid securities	5,700,000,000	6,100,000,000
Par value of hybrid securities	$ 11,500,000,000	$ 12,300,000,000

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Loss Contingencies) (USD $) In Millions, unless otherwise specified	0 Months Ended					9 Months Ended	0 Months Ended		9 Months Ended	0 Months Ended						9 Months Ended	0 Months Ended		9 Months Ended	39 Months Ended
	Nov. 29, 2012 Chartis U.S. item	Dec. 17, 2010 AIG Regulatory fines and penalties	Dec. 17, 2010 AIG Outstanding premium taxes and assessments	Dec. 17, 2010 AIG Contingent fines	Oct. 22, 2014 Consolidated 2008 Securities Litigation	Jan. 31, 2009 Consolidated 2008 Securities Litigation complaint	Jan. 06, 2015 ERISA Litigation II AIGs fiduciary liability insurance carriers	Jan. 06, 2015 ERISA Litigation II AIG	Sep. 30, 2015 Canadian Securities Class Action claim	Jun. 15, 2015 Starr International Litigation	Nov. 15, 2013 Starr International Litigation individual	Mar. 11, 2013 Starr International Litigation class	Nov. 21, 2011 Starr International Litigation	Feb. 25, 2010 False Claims Act complaint individual	Sep. 30, 2015 False Claims Act complaint multiple	Sep. 30, 2015 Caremark complaint	Sep. 10, 2015 Individual Securities Litigations [Member] complaint	Mar. 27, 2015 Individual Securities Litigations [Member] complaint	Sep. 30, 2015 Individual Securities Litigations [Member] complaint	Feb. 09, 2015 Individual Securities Litigations [Member] complaint	Mar. 27, 2015 Individual Securities Litigations [Member] complaint
LITIGATION, INVESTIGATIONS AND REGULATORY MATTERS
Number of purported class action complaints						8										2	9	1		11
Damages claimed									$ 500	$ 40						$ 3,200
Punitive damages claimed									50
Percentage of ownership in AIG received by Department of the Treasury													80.00%
Number of individuals (Relators) seeking to assert claims														2
Damages sought, multiple of damages sustained															3
Number of shareholders who have submitted timely and valid requests to opt in of the class											286,908
Number of purported classes												2
Settlement agreement, number of jurisdictions	50
Civil penalty paid	50
Payments for Legal Settlements					960
Settlement amount awarded								40
Litigation Settlement, Amount		$ 100.0	$ 46.5	$ 150.0			$ 40.0
Number of Claims Dismissed																			2
Number of claims settled																	7
Number of Claims Pending																					2

EQUITY (Details - Shares Outstanding) (USD $)	0 Months Ended			9 Months Ended						9 Months Ended
EQUITY (Details - Shares Outstanding) (USD $)	Sep. 28, 2015	Jun. 25, 2015	Mar. 26, 2015	Sep. 30, 2015	Sep. 30, 2015 ASR	Sep. 30, 2015 AIG	Sep. 30, 2015 AIG ASR	Sep. 30, 2015 Common Stock Issued	Aug. 03, 2015 Common Stock Issued	Sep. 30, 2015 Common Stock Issued ASR	Sep. 30, 2015 Common Stock Issued AIG ASR	Sep. 30, 2015 Treasury Stock
The following table presents a roll forward of outstanding shares:
Treasury Shares, beginning of year				(530,744,521)								(530,744,521)
Shares, beginning of year				1,906,671,492				1,906,671,492
Shares, beginning of year				1,375,926,971
Shares issued - Issuance (in shares)				355,767				0				355,767
Shares repurchased				(129,488,123)		129,000,000		0				(129,488,123)
Treasury Shares, end of period				(659,876,877)								(659,876,877)
Shares, end of period				1,906,671,492				1,906,671,492
Shares, end of period				1,246,794,615
Dividend paid (in dollars per share)	$ 0.28	$ 0.125	$ 0.125
Aggregate repurchase authorization purchase amount									$ 5,000,000,000
Common stock authorized to be repurchased remaining amount								3,500,000,000
Aggregate purchase price of repurchased shares						7,500,000,000
Percentage of share repurchased during share repurchase agreement							0.00%
Number of shares received from financial institution					0
Amount paid to financial institution					$ 0
Partial receipt of shares under an ASR agreement										0
Additional shares received from financial institution											3,500,000

EQUITY (Details - Rollforward of Accumulated other comprehensive income) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax			$ 10,617
Less: Income tax expense (benefit)	383	412	1,655	(216)
Other comprehensive income (loss)	(1,064)	(181)	(4,064)	4,970
Other comprehensive income (loss)			(169)	174
Other comprehensive income (loss)	(238)	(78)	(734)	(189)
Other comprehensive income (loss)	92	6	148	13
Balance, end of period, net of tax	6,557		6,557
Accumulated Other Comprehensive Income (Loss)
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax			10,617	6,360
Change in unrealized appreciation (depreciation) of investments			(6,687)	6,598
Change in deferred acquisition costs adjustment and other			763	(372)
Change in future policy benefits			899	(895)
Changes in foreign currency translation adjustments			(901)	(149)
Net actuarial gain (loss)			417	40
Prior service (cost) credit			(210)	(36)
Less: Income tax expense (benefit)			1,655	(216)
Other comprehensive income (loss)			(4,064)	4,970
Noncontrolling interests			(4)	(1)
Balance, end of period, net of tax	6,557	11,331	6,557	11,331
Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than-Temporary Credit Impairments
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax			1,043	936
Change in unrealized appreciation (depreciation) of investments			(315)	268
Change in deferred acquisition costs adjustment and other			0	61
Change in future policy benefits			92	(114)
Less: Income tax expense (benefit)	50	(64)	54	(41)
Deferred tax asset (liability)			54	(41)
Other comprehensive income (loss)	(61)	59	(169)	174
Other comprehensive income (loss)			(169)	174
Balance, end of period, net of tax	874	1,110	874	1,110
Unrealized Appreciation (Depreciation) of All Other Investments
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax			12,327	6,789
Change in unrealized appreciation (depreciation) of investments			(6,372)	6,330
Change in deferred acquisition costs adjustment and other			763	(433)
Change in future policy benefits			807	(781)
Less: Income tax expense (benefit)	401	419	1,493	(144)
Deferred tax asset (liability)			1,493	(144)
Other comprehensive income (loss)	(857)	(168)	(3,309)	4,972
Other comprehensive income (loss)			(3,309)	4,972
Noncontrolling interests			0	(1)
Balance, end of period, net of tax	9,018	11,762	9,018	11,762
Foreign Currency Translation Adjustments
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax			(1,784)	(952)
Changes in foreign currency translation adjustments			(901)	(149)
Less: Income tax expense (benefit)	(21)	42	167	(40)
Deferred tax asset (liability)			167	(40)
Other comprehensive income (loss)	(238)	(78)	(734)	(189)
Other comprehensive income (loss)			(734)	(189)
Noncontrolling interests			(4)	0
Balance, end of period, net of tax	(2,514)	(1,141)	(2,514)	(1,141)
Retirement Plan Liabilities Adjustment
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax			(969)	(413)
Net actuarial gain (loss)			417	40
Prior service (cost) credit			(210)	(36)
Less: Income tax expense (benefit)	(47)	15	(59)	9
Deferred tax asset (liability)			(59)	9
Other comprehensive income (loss)	92	6	148	13
Other comprehensive income (loss)			148	13
Balance, end of period, net of tax	$ (821)	$ (400)	$ (821)	$ (400)

EQUITY (Details - Other comprehensive income reclassification adjustments) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	$ (1,287)	$ (571)	$ (4,975)	$ 5,618
Less: Reclassification adjustments included in net income	160	22	744	432
Total other comprehensive income (loss), before income tax expense (benefit)	(1,447)	(593)	(5,719)	5,186
Less: Income tax expense (benefit)	(383)	(412)	(1,655)	216
Other comprehensive income (loss)	(1,064)	(181)	(4,064)	4,970
Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than-Temporary Credit Impairments
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(98)	132	(155)	242
Less: Reclassification adjustments included in net income	13	9	68	27
Total other comprehensive income (loss), before income tax expense (benefit)	(111)	123	(223)	215
Less: Income tax expense (benefit)	(50)	64	(54)	41
Other comprehensive income (loss)	(61)	59	(169)	174
Unrealized Appreciation (Depreciation) of All Other Investments
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(1,275)	(575)	(4,243)	5,522
Less: Reclassification adjustments included in net income	(17)	12	559	406
Total other comprehensive income (loss), before income tax expense (benefit)	(1,258)	(587)	(4,802)	5,116
Less: Income tax expense (benefit)	(401)	(419)	(1,493)	144
Other comprehensive income (loss)	(857)	(168)	(3,309)	4,972
Foreign Currency Translation Adjustments
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(217)	(120)	(901)	(149)
Less: Reclassification adjustments included in net income	0	0	0	0
Total other comprehensive income (loss), before income tax expense (benefit)	(217)	(120)	(901)	(149)
Less: Income tax expense (benefit)	21	(42)	(167)	40
Other comprehensive income (loss)	(238)	(78)	(734)	(189)
Retirement Plan Liabilities Adjustment
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	303	(8)	324	3
Less: Reclassification adjustments included in net income	164	1	117	(1)
Total other comprehensive income (loss), before income tax expense (benefit)	139	(9)	207	4
Less: Income tax expense (benefit)	47	(15)	59	(9)
Other comprehensive income (loss)	$ 92	$ 6	$ 148	$ 13

EQUITY (Details - Reclassification of significant items out of Accumulated other comprehensive income) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other realized capital gains (losses)	$ 100	$ (571)	$ (1,616)	$ (683)
Amortization of deferred policy acquisition costs	1,275	1,288	3,981	3,989
Policyholder benefits and losses incurred	6,936	7,203	20,587	20,771
Total reclassification for the period	(115)	3,019	6,213	9,772
Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassification for the period	160	22	744	432
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized \| Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other realized capital gains (losses)	13	9	68	27
Total reclassification for the period	13	9	68	27
Unrealized appreciation (depreciation) of all other investments \| Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other realized capital gains (losses)	(15)	117	609	528
Amortization of deferred policy acquisition costs	(2)	(40)	(67)	(35)
Policyholder benefits and losses incurred	0	(65)	17	(87)
Total reclassification for the period	(17)	12	559	406
Change in retirement plan liabilities adjustment \| Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Before of Tax	164	1	117	(1)
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent \| Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Before of Tax	187	11	210	35
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] \| Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Before of Tax	$ (23)	$ (10)	$ (93)	$ (36)

- Definition

Amount of expense related to deferred policy acquisition costs.

+ References+ Details

EARNINGS PER SHARE (EPS) (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator for EPS:
Income (loss) from continuing operations	$ (180)	$ 2,199	$ 4,071	$ 6,864
Less: Net income from continuing operations attributable to noncontrolling interests	34	9	34	(25)
Income (loss) attributable to AIG common shareholders from continuing operations	(214)	2,190	4,037	6,889
Income (loss) from discontinued operations, net of income tax expense	(17)	2	0	(15)
Net income (loss) attributable to AIG common shareholders	$ (231)	$ 2,192	$ 4,037	$ 6,874
Denominator for EPS:
Weighted average shares outstanding - basic	1,279,072,748	1,419,239,774	1,324,407,969	1,440,148,774
Dilutive shares	0	22,828,068	32,700,815	19,334,459
Weighted average shares outstanding - diluted	1,279,072,748	1,442,067,842	1,357,108,784	1,459,483,233
Basic:
Income (loss) from continuing operations	$ (0.17)	$ 1.54	$ 3.05	$ 4.78
Income (loss) from discontinued operations	$ (0.01)	$ 0	$ 0	$ (0.01)
Net Income (loss) attributable to AIG - basic (in dollars per share)	$ (0.18)	$ 1.54	$ 3.05	$ 4.77
Diluted:
Income from continuing operations	$ (0.17)	$ 1.52	$ 2.97	$ 4.72
Income (loss) from discontinued operations	$ (0.01)	$ 0	$ 0	$ (0.01)
Net Income (loss) attributable to AIG - diluted (in dollars per share)	$ (0.18)	$ 1.52	$ 2.97	$ 4.71
Number of shares, warrants, and options excluded from diluted shares outstanding because the effect would have been anti-dilutive	100,000	300,000	200,000	300,000

EMPLOYEE BENEFITS (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Components of net periodic benefit cost:
Unrealized change arising during period			$ 324
Pensions
Components of net periodic benefit cost:
Service cost	51	53	175	162
Interest cost	60	64	182	193
Expected return on assets	(79)	(79)	(235)	(232)
Amortization of prior service (credit) cost	(7)	(9)	(24)	(27)
Amortization of net (gain) loss	23	11	93	37
Curtailment (gain) loss	(179)		(180)
Net periodic benefit cost	(131)	40	11	133
Contributed to pension plans			600
Estimates additional contribution to pension plans for the remainder of 2015			14
U.S. Pension Plans
Components of net periodic benefit cost:
Service cost	41	42	144	130
Interest cost	54	57	164	171
Expected return on assets	(74)	(73)	(218)	(215)
Amortization of prior service (credit) cost	(6)	(8)	(22)	(25)
Amortization of net (gain) loss	21	9	86	31
Curtailment (gain) loss	(179)		(179)
Net periodic benefit cost	(143)	27	(25)	92
Contributed to pension plans			541
Non U.S. Pension Plans
Components of net periodic benefit cost:
Service cost	10	11	31	32
Interest cost	6	7	18	22
Expected return on assets	(5)	(6)	(17)	(17)
Amortization of prior service (credit) cost	(1)	(1)	(2)	(2)
Amortization of net (gain) loss	2	2	7	6
Curtailment (gain) loss			(1)
Net periodic benefit cost	12	13	36	41
Postretirement Plans
Components of net periodic benefit cost:
Service cost	1	1	6	4
Interest cost	3	3	8	9
Expected return on assets	0	0	0	0
Amortization of prior service (credit) cost	(3)	(3)	(8)	(8)
Amortization of net (gain) loss	0	0	0	0
Net periodic benefit cost	1	1	6	5
U.S. Postretirement Plans
Components of net periodic benefit cost:
Service cost	1	1	4	3
Interest cost	2	2	6	7
Expected return on assets	0	0	0	0
Amortization of prior service (credit) cost	(3)	(3)	(8)	(8)
Amortization of net (gain) loss	0	0	0	0
Net periodic benefit cost	0	0	2	2
Non U.S. Postretirement Plans
Components of net periodic benefit cost:
Service cost	0	0	2	1
Interest cost	1	1	2	2
Expected return on assets	0	0	0	0
Amortization of prior service (credit) cost	0	0	0	0
Amortization of net (gain) loss	0	0	0	0
Net periodic benefit cost	$ 1	$ 1	$ 4	$ 3

INCOME TAXES (Details) (USD $)	3 Months Ended		9 Months Ended
INCOME TAXES (Details) (USD $)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Income tax expense (benefit):
Effective tax rates on income from continuing operations (as a percent)		27.20%	34.50%	29.80%
U.S. federal income tax at statutory rate (as a percent)			35.00%	35.00%
Accounting for Uncertainty in Income Taxes
Unrecognized tax benefits, excluding interest and penalties	$ 4,400,000,000		$ 4,400,000,000		$ 4,400,000,000
Unrecognized tax benefits, if recognized would not affect the effective tax rate	200,000,000		200,000,000		300,000,000
Unrecognized tax benefits, if recognized would favorably affect the effective tax rate	4,200,000,000		4,200,000,000		4,100,000,000
Unrecognized tax benefits, interest and penalties accrued	1,200,000,000		1,200,000,000		1,100,000,000
Unrecognized tax benefits, interest net of the federal benefit (expense) and penalties			133,000,000	(64,000,000)
Unrecognized tax benefits, period of reasonably possible change in balance	P12M
Foreign Country
Income tax expense (benefit):
Deferred tax asset valuation allowance recognized	$ 8,000,000		$ 61,000,000

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Balance Sheets) (USD $) In Millions, unless otherwise specified	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Assets:
Short-term investments	$ 12,408	$ 11,243
Other investments	333,993	344,523
Total investments	346,401	355,766
Cash	1,569	1,758	1,933	2,241
Other assets, including deferred income taxes	154,015	158,057
Total assets	501,985	515,581
Liabilities:
Insurance liabilities	267,946	270,615
Long-term debt	30,719	31,217
Other liabilities, including intercompany balances	103,701	106,477
Total liabilities	402,366	408,309
Total AIG shareholders' equity	98,999	106,898
Non-redeemable noncontrolling interests	620	374
Total equity`	99,619	107,272	108,983	101,081
Total liabilities and equity	501,985	515,581
AIG (As Guarantor)
Assets:
Short-term investments	5,531	6,078
Other investments	9,028	11,415
Total investments	14,559	17,493
Cash	20	26	112	30
Loans to subsidiaries	31,354	31,070
Investment in consolidated subsidiaries	59,411	62,811
Other assets, including deferred income taxes	25,428	23,835
Total assets	130,772	135,235
Liabilities:
Long-term debt	20,794	21,190
Other liabilities, including intercompany balances	10,439	6,196
Loans from subsidiaries	540	951
Total liabilities	31,773	28,337
Total AIG shareholders' equity	98,999	106,898
Total equity`	98,999	106,898
Total liabilities and equity	130,772	135,235
AIGLH
Assets:
Cash	3	91	9	51
Investment in consolidated subsidiaries	32,486	35,850
Other assets, including deferred income taxes	260	2,305
Total assets	32,749	38,246
Liabilities:
Long-term debt	707	820
Other liabilities, including intercompany balances	185	2,314
Loans from subsidiaries	0	0
Total liabilities	892	3,134
Total AIG shareholders' equity	31,857	35,112
Total equity`	31,857	35,112
Total liabilities and equity	32,749	38,246
Other Subsidiaries
Assets:
Short-term investments	7,234	6,231
Other investments	324,965	333,108
Total investments	332,199	339,339
Cash	1,546	1,641	1,812	2,160
Loans to subsidiaries	543	779
Other assets, including deferred income taxes	130,952	141,826
Total assets	465,240	483,585
Liabilities:
Insurance liabilities	267,946	270,615
Long-term debt	9,218	9,207
Other liabilities, including intercompany balances	96,104	108,189
Loans from subsidiaries	31,357	30,898
Total liabilities	404,625	418,909
Total AIG shareholders' equity	59,995	64,302
Non-redeemable noncontrolling interests	620	374
Total equity`	60,615	64,676
Total liabilities and equity	465,240	483,585
Reclassifications and Eliminations
Assets:
Short-term investments	(357)	(1,066)
Other investments	0
Total investments	(357)	(1,066)
Loans to subsidiaries	(31,897)	(31,849)
Investment in consolidated subsidiaries	(91,897)	(98,661)
Other assets, including deferred income taxes	(2,625)	(9,909)
Total assets	(126,776)	(141,485)
Liabilities:
Other liabilities, including intercompany balances	(3,027)	(10,222)
Loans from subsidiaries	(31,897)	(31,849)
Total liabilities	(34,924)	(42,071)
Total AIG shareholders' equity	(91,852)	(99,414)
Total equity`	(91,852)	(99,414)
Total liabilities and equity	$ (126,776)	$ (141,485)

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Income) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Equity in earnings of consolidated subsidiaries	$ 0	$ 0	$ 0	$ 0
Other income	12,822	16,697	44,496	48,996
Total revenues	12,822	16,697	44,496	48,996
Expenses:
Interest expense	321	430	977	1,372
Other expenses	12,270	12,506	36,550	36,838
Loss on extinguishment of debt	346	742	756	1,014
Total benefits, claims and expenses	12,937	13,678	38,283	39,224
Income (loss) from continuing operations before income tax expense (benefit)	(115)	3,019	6,213	9,772
Income tax expense (benefit)	65	820	2,142	2,908
Income (loss) from continuing operations	(180)	2,199	4,071	6,864
Income (loss) from discontinued operations, net of income tax	(17)	2	0	(15)
Net income (loss)	(197)	2,201	4,071	6,849
Net income (loss) from continuing operations attributable to noncontrolling interests	34	9	34	(25)
Net income (loss) attributable to AIG	(231)	2,192	4,037	6,874
AIG (As Guarantor)
Revenues:
Equity in earnings of consolidated subsidiaries	717	2,661	5,793	8,149
Other income	(221)	615	(57)	1,094
Total revenues	496	3,276	5,736	9,243
Expenses:
Interest expense	254	378	810	1,210
Other expenses	352	284	899	1,310
Loss on extinguishment of debt	345	682	703	987
Total benefits, claims and expenses	951	1,344	2,412	3,507
Income (loss) from continuing operations before income tax expense (benefit)	(455)	1,932	3,324	5,736
Income tax expense (benefit)	(224)	(261)	(714)	(1,137)
Income (loss) from continuing operations	(231)	2,193	4,038	6,873
Income (loss) from discontinued operations, net of income tax	0	(1)	(1)	1
Net income (loss)	(231)	2,192	4,037	6,874
Net income (loss) from continuing operations attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to AIG	(231)	2,192	4,037	6,874
AIGLH
Revenues:
Equity in earnings of consolidated subsidiaries	222	1,315	1,744	2,789
Other income	0	0	0	0
Total revenues	222	1,315	1,744	2,789
Expenses:
Interest expense	14	22	44	80
Other expenses	0	61	42	79
Loss on extinguishment of debt	0	0	0	0
Total benefits, claims and expenses	14	83	86	159
Income (loss) from continuing operations before income tax expense (benefit)	208	1,232	1,658	2,630
Income tax expense (benefit)	(6)	(33)	(69)	(54)
Income (loss) from continuing operations	214	1,265	1,727	2,684
Income (loss) from discontinued operations, net of income tax	0	0	0	0
Net income (loss)	214	1,265	1,727	2,684
Net income (loss) from continuing operations attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to AIG	214	1,265	1,727	2,684
Other Subsidiaries
Revenues:
Equity in earnings of consolidated subsidiaries	0	0	0	0
Other income	13,220	16,161	45,050	48,165
Total revenues	13,220	16,161	45,050	48,165
Expenses:
Interest expense	83	62	213	180
Other expenses	12,064	12,196	36,016	35,564
Loss on extinguishment of debt	1	60	46	77
Total benefits, claims and expenses	12,148	12,318	36,275	35,821
Income (loss) from continuing operations before income tax expense (benefit)	1,072	3,843	8,775	12,344
Income tax expense (benefit)	295	1,117	2,925	4,121
Income (loss) from continuing operations	777	2,726	5,850	8,223
Income (loss) from discontinued operations, net of income tax	(17)	3	1	(16)
Net income (loss)	760	2,729	5,851	8,207
Net income (loss) from continuing operations attributable to noncontrolling interests	34	9	34	(25)
Net income (loss) attributable to AIG	726	2,720	5,817	8,232
Reclassifications and Eliminations
Revenues:
Equity in earnings of consolidated subsidiaries	(939)	(3,976)	(7,537)	(10,938)
Other income	(177)	(79)	(497)	(263)
Total revenues	(1,116)	(4,055)	(8,034)	(11,201)
Expenses:
Interest expense	(30)	(32)	(90)	(98)
Other expenses	(146)	(35)	(407)	(115)
Loss on extinguishment of debt	0	0	7	(50)
Total benefits, claims and expenses	(176)	(67)	(490)	(263)
Income (loss) from continuing operations before income tax expense (benefit)	(940)	(3,988)	(7,544)	(10,938)
Income tax expense (benefit)	0	(3)	0	(22)
Income (loss) from continuing operations	(940)	(3,985)	(7,544)	(10,916)
Income (loss) from discontinued operations, net of income tax	0	0	0	0
Net income (loss)	(940)	(3,985)	(7,544)	(10,916)
Net income (loss) from continuing operations attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to AIG	$ (940)	$ (3,985)	$ (7,544)	$ (10,916)

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Comprehensive Income) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	$ (197)	$ 2,201	$ 4,071	$ 6,849
Other comprehensive income (loss)	(1,064)	(181)	(4,064)	4,970
Comprehensive income (loss)	(1,261)	2,020	7	11,819
Total comprehensive income (loss) attributable to noncontrolling interests	33	8	30	(26)
Comprehensive income (loss) attributable to AIG	(1,294)	2,012	(23)	11,845
AIG (As Guarantor)
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(231)	2,192	4,037	6,874
Other comprehensive income (loss)	(1,063)	(180)	(4,060)	4,971
Comprehensive income (loss)	(1,294)	2,012	(23)	11,845
Total comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to AIG	(1,294)	2,012	(23)	11,845
AIGLH
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	214	1,265	1,727	2,684
Other comprehensive income (loss)	(548)	(259)	3,942	2,522
Comprehensive income (loss)	(334)	1,006	5,669	5,206
Total comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to AIG	(334)	1,006	5,669	5,206
Other Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	760	2,729	5,851	8,207
Other comprehensive income (loss)	187	(1,885)	52,820	1,848
Comprehensive income (loss)	947	844	58,671	10,055
Total comprehensive income (loss) attributable to noncontrolling interests	33	8	30	(26)
Comprehensive income (loss) attributable to AIG	914	836	58,641	10,081
Reclassifications and Eliminations
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(940)	(3,985)	(7,544)	(10,916)
Other comprehensive income (loss)	360	2,143	(56,766)	(4,371)
Comprehensive income (loss)	(580)	(1,842)	(64,310)	(15,287)
Total comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to AIG	$ (580)	$ (1,842)	$ (64,310)	$ (15,287)

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Cash Flows) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 2,234	$ 4,357
Cash flows from investing activities:
Sales of investments	54,481	46,561
Purchase of investments	(47,475)	(43,081)
Loans to subsidiaries - net	0	0
Contributions to subsidiaries - net	0
Net change in restricted cash	1,476	(660)
Net change in short-term investments	(1,028)	2,342
Other, net	(774)	(295)
Net cash provided by investing activities	6,680	4,867
Cash flows from financing activities:
Issuance of long-term debt	6,449	5,827
Repayments of long-term debt	(8,343)	(11,561)
Purchase of Common Stock	(7,473)	(3,403)
Intercompany loans - net		0
Cash dividends paid to shareholders	(687)	(539)
Other, net	990	75
Net cash (used in) financing activities	(9,064)	(9,601)
Effect of exchange rate changes on cash	(39)	(19)
Change in cash	(189)	(396)
Cash at beginning of year	1,758	2,241
Reclassification to assets held for sale	0	88
Cash at end of period	1,569	1,933
Interest:
Third party	(1,112)	(2,496)
Taxes:
Income tax authorities	(406)	(614)
Aer Cap
Non-cash financing and investing activities:
Non-cash consideration received from sale	500
AIG (As Guarantor)
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	3,675	7,228
Cash flows from investing activities:
Sales of investments	5,610	2,032
Purchase of investments	(1,373)	(1,257)
Loans to subsidiaries - net	(1,227)	(1,687)
Contributions to subsidiaries - net	0
Contributions from (to) subsidiaries, Net		77
Net change in restricted cash	0	(5)
Net change in short-term investments	1,940	2,947
Other, net	(4)	(61)
Net cash provided by investing activities	4,946	2,046
Cash flows from financing activities:
Issuance of long-term debt	5,540	2,489
Repayments of long-term debt	(5,728)	(7,368)
Purchase of Common Stock	(7,473)	(3,403)
Intercompany loans - net	(236)	(47)
Cash dividends paid to shareholders	(687)	(539)
Other, net	(43)	(324)
Net cash (used in) financing activities	(8,627)	(9,192)
Effect of exchange rate changes on cash	0	0
Change in cash	(6)	82
Cash at beginning of year	26	30
Reclassification to assets held for sale	0
Cash at end of period	20	112
Interest:
Third party	(846)	(1,238)
Intercompany	0	(1)
Taxes:
Income tax authorities	(17)	(18)
Intercompany	1,769	1,348
Non-cash financing and investing activities:
Return of capital and dividend received in the form of securities	1,997	1,538
Capital contributions	111	993
Return of capital		4,836
AIG (As Guarantor) \| Aer Cap
Non-cash financing and investing activities:
Non-cash consideration received from sale	500
AIGLH
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	1,386	4,333
Cash flows from investing activities:
Sales of investments	0	0
Purchase of investments	0	0
Loans to subsidiaries - net	0	0
Contributions to subsidiaries - net	0
Net change in restricted cash	0	0
Net change in short-term investments	0	0
Other, net	0	0
Net cash provided by investing activities	0	0
Cash flows from financing activities:
Issuance of long-term debt	0	0
Repayments of long-term debt	(115)	(165)
Purchase of Common Stock	0	0
Intercompany loans - net	0	(279)
Cash dividends paid to shareholders	(1,359)	(3,931)
Other, net	0	0
Net cash (used in) financing activities	(1,474)	(4,375)
Effect of exchange rate changes on cash	0	0
Change in cash	(88)	(42)
Cash at beginning of year	91	51
Reclassification to assets held for sale	0
Cash at end of period	3	9
Interest:
Third party	(57)	(87)
Intercompany	0	(7)
Taxes:
Income tax authorities	0	0
Intercompany	0	0
Other Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	508	3,979
Cash flows from investing activities:
Sales of investments	52,234	45,254
Purchase of investments	(49,465)	(42,549)
Loans to subsidiaries - net	2,690	327
Contributions to subsidiaries - net	0
Net change in restricted cash	1,476	(655)
Net change in short-term investments	(2,968)	(605)
Other, net	(770)	(234)
Net cash provided by investing activities	3,197	1,538
Cash flows from financing activities:
Issuance of long-term debt	909	3,338
Repayments of long-term debt	(2,500)	(4,028)
Purchase of Common Stock	0	0
Intercompany loans - net	(1,227)	1,686
Cash dividends paid to shareholders	(1,976)	(7,252)
Other, net	1,033	322
Net cash (used in) financing activities	(3,761)	(5,934)
Effect of exchange rate changes on cash	(39)	(19)
Change in cash	(95)	(436)
Cash at beginning of year	1,641	2,160
Reclassification to assets held for sale		88
Cash at end of period	1,546	1,812
Interest:
Third party	(209)	(1,171)
Intercompany	0	8
Taxes:
Income tax authorities	(389)	(596)
Intercompany	(1,769)	(1,348)
AIG Capital Corporation
Non-cash financing and investing activities:
Return of capital		4,800
Reclassifications and Eliminations
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(3,335)	(11,183)
Cash flows from investing activities:
Sales of investments	(3,363)	(725)
Purchase of investments	3,363	725
Loans to subsidiaries - net	(1,463)	1,360
Contributions to subsidiaries - net	0
Contributions from (to) subsidiaries, Net		(77)
Net cash provided by investing activities	(1,463)	1,283
Cash flows from financing activities:
Intercompany loans - net	1,463	(1,360)
Cash dividends paid to shareholders	3,335	11,183
Other, net	0	77
Net cash (used in) financing activities	$ 4,798	$ 9,900

SUBSEQUENT EVENTS (Details) (USD $)	3 Months Ended		9 Months Ended			0 Months Ended
SUBSEQUENT EVENTS (Details) (USD $)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015 Subsequent event	Nov. 02, 2015 Subsequent event Common Stock
Subsequent Event [Line Items]
Cash dividend declared per common share (in dollars per share)	$ 0.28	$ 0.125	$ 0.53	$ 0.375		$ 0.28
Date Dividends Declared					Nov. 02, 2015
Date Dividends To Be Paid					Dec. 21, 2015
Date of Shareholders of Record					Dec. 07, 2015
Date of Warrant exercise price calculated					Dec. 02, 2015

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Long term purchase commitments) (USD $) In Billions, unless otherwise specified	Sep. 30, 2015
Other Commitments
Other Commitments	$ 2.6

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Guarantor Obligations) (Other Operations, AIG Financial Products, USD $) In Millions, unless otherwise specified	Sep. 30, 2015
Other Operations \| AIG Financial Products
Guarantor Obligations [Line Items]
Amount outstanding under standby letters of credit at end of period	$ 214