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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019 FORM 10Q.&? QUARTERLY REPORT PURSUANT TO SECTION2 *13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 19340(For the quarterly period ended September30, 2019
OR/'? TRANSITION REPORT PURSUANT TO SECTION2*13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934)!For the transition period from to$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2ui7e/=PF0*8X>
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FORM 10Q!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019 FORM 10QDelaware
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incorporation or organization)
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FORM 10QFORM 10Q (1)!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019JBRegistrant s telephone number, including area code: (212) 7707000Title of each classTrading Symbol1)Name of each exchange on which registered/ 'Common Stock, Par Value $2.50 Per Share AIG New York Stock Exchange,
$Warrants (expiring January 19, 2021)
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DebenturesStock Purchase RightsNew York Stock Exchange%Depositary Shares Each Representing aAIG PRANew York Stock Exchange/'1/1,000th Interest in a Share of Series2*A 5.85% NonCumulative Perpetual Preferred.&Stock ____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.WTH<0]Q=PF0*8X>
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FORM 10QFORM 10Q (1)!Registrant s telephone number iTable of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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11/01/2019JBRegistrant s telephone number, including area code: (212) 7707000!Large accelerated filer ?Accelerated filer ?
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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11/01/2019Table of Contents FORM 10Q Item Number Description Page&
Part I  Financial Information
ITEM 13+Condensed Consolidated Financial Statements~
Note 1.Basis of Presentation~
&
Note 2.2
*Summary of Significant Accounting Policies~
*Note 3.Segment Information~
2Note 4.Business Combination~
:Note 5.Fair Value Measurements~
>Note 6.Investments~
Note 7.Lending Activities~
Note 8."Variable Interest Entities~
Note 9.( Derivatives and Hedge Accounting~
Note 10.Insurance Liabilities~
Note 11.1)Contingencies, Commitments and Guarantees~
Note 12.Equity~
Note 13.!Earnings Per Common Share~
Note 14.Employee Benefits~
Note 15.Income Taxes~
Note 16./'Information Provided in Connection with~
Outstanding Debt Note 17 .Subsequent Events~
ITEM 2,$Management?s Discussion and Analysis%of Financial Condition and Results ofD"
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!8!0? Cautionary Statement Regarding ForwardLooking~
!""Information#"#? Use of NonGAAP Measures~
#&$'$? Critical Accounting Estimates~
$.%%? Executive Summary~
%.&,&$? Consolidated Results of Operations~
&Z'%'? Business Segment Operations~
'r((
? Investments~
())? Insurance Reserves~
).*)*!? Liquidity and Capital Resources~
*b+$+? Enterprise Risk Management~
+, ,? Regulatory Environment~
,
? Glossary~
..
? Acronyms~
./ITEM 30/(Quantitative and Qualitative Disclosures~
/00About Market Risk1ITEM 41Controls and Procedures~
1#2Part II  Other Information23ITEM 13Legal Proceedings~
34ITEM 1A4Risk Factors~
45ITEM 2/5'Unregistered Sales of Equity Securities~
566and Use of Proceeds7ITEM 47Mine Safety Disclosures~
78ITEM 68Exhibits~
89
Signatures~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019$Part I Financial Information
September 30,December 31,, $(in millions, except for share data) ~
~
Assets:
Investments:"Fixed maturity securities:/
'Bonds available for sale, at fair value~
t~
>0((amortized cost: 2019  $ 233,345 ; 2018
 $ 225,780 )2*Other bond securities, at fair value ( See~
~
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~
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0(Mortgage and other loans receivable, net~
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of allowance/'Other invested assets (portion measured~
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6.:2at fair value: 2019  $ 6,060 ; 2018  $ 5,894 )4,Shortterm investments, including restricted2*cash of $ 64 in 2019 and $ 142 in 2018/'(portion measured at fair value: 2019 ~
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*$$ 5,577 ; 2018  $ 3,015 )Total investments~
~
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V%D lznbVr*Q8PB[c !"#$%&'()*+,./0123456789:;<=>?. &Premiums and other receivables, net of ~
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454~
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55~
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7&7~
728*value: 2019  $ 2,287 ; 2018  $ 2,213 )$9Separate account liabilities9~
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:·1;)Contingencies, commitments and guarantees;;nil;;nil<( See Note 11 )=====!>AIG shareholders? equity:>>>>/?'Series A Noncumulative preferred stock????Dl!koEc;pX_eR@ABCDEFGHIJKLMNOPQRSTUVWXYZ4@,and additional paid in capital, $ 5.00 par!Avalue; 100,000,000 shares0B(authorized; shares issued: 2019  20,000B~
BB~
B4C,and 2018  0 ; liquidation preference $ 5007D/Common stock, $ 2.50 par value; 5,000,000,000DDDD.E&shares authorized; shares issued: 2019F 1,906,671,492 andG2018  1,906,671,492G~
GzJG~
GzJ5HTreasury stock, at cost; 2019  1,036,722,246HH
( 48,989 )HH
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019$Part I Financial InformationThree Months EndedNine Months Ended
September 30,
September 30,/
'(dollars in millions, except per common
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( 42 ),$in Other comprehensive income (loss),$Net otherthantemporary impairments
on available for sale2*securities recognized in net income (loss)( 24 )( 35 ) ( 137 )
( 158 )%Other realized capital gains (losses)~
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( 207 )1)Total net realized capital gains (losses)~
( 511 )~
( 365 )Other income~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019$Part I Financial Information Preferred
Non Stock and
Accumulated
Total AIG
redeemable
Additional
Additional
Other
Share
Non
PaidinCommonTreasuryPaidin
Retained
Comprehensive
holders'controlling
Total
(in millions)Capital
Stock
StockCapital
Earnings
Income (Loss)
Equity InterestsEquity
%Three Months Ended September 30, 2019
$Balance, beginning of period~
~
zJ$( 48,991 )~
~
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~
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~
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noncontrolling interests~
~
~
~
~
B
~
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~
~
6$Dividends on preferred stock~
~
~
~
( 8 )~
( 8 )~
( 8 )!Dividends on common stock~
~
~
~
( 278 )~
( 278 )~
( 278 )"Other comprehensive income~
~
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~
~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019$Part I Financial Information Preferred
Non Stock and
Accumulated
Total AIG
redeemable
Additional
Additional
Other
Share
Non
PaidinCommonTreasuryPaidin
Retained
Comprehensive
holders'controlling
Total
(in millions)Capital
Stock
StockCapital
Earnings
Income (Loss)
Equity InterestsEquity
%Three Months Ended September 30, 2018
$Balance, beginning of period
$~
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principle, net of tax~
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Purchase of common stock~
~
( 348 )~
~
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( 348 )'Net loss attributable to AIG or
noncontrolling interests~
~
~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019NFSee accompanying Notes to Condensed Consolidated Financial Statements.'Nine Months Ended September 30,
(in millions) ~
~

%Cash flows from operating activities:
Net income~
3~
)!Loss from discontinued operations~
~
2
*Adjustments to reconcile net income (loss)
1)to net cash used in operating activities:%Noncash revenues, expenses, gains and)!losses included in income (loss):2*Net gains on sales of securities available( 600 )( 71 )!for sale and other assets6.Net (gain) loss on sale of divested businesses~
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 net6.Equity in loss from equity method investments,~
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~
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( 2,146 )~
3+Premiums and other receivables and payables( 42 )~
"
 net/'Reinsurance assets and funds held under
( 1,200 )
( 2,057 )D
lPD8,GN~4O !"#$%&'()*+,./0123456789:;<=>? reinsurance treaties5!Capitalization of deferred policy acquisition!!
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( 4,090 )%%( 699 )&%Net cash used in operating activities&&( 789 )&&( 38 )'%Cash flows from investing activities:''''$(Proceeds from (payments for)((((")Sales or distributions of:))))%*Available for sale securities*~
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~
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..~
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0&B0~
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Purchases of:2222%3Available for sale securities33
( 41,612 )33
( 32,807 )4Other securities44( 723 )44( 940 )5Other invested assets55
( 2,662 )55
( 2,263 )+6#Mortgage and other loans receivable66
( 6,512 )66
( 7,918 ).7&Acquisition of businesses, net of cash7~
777
( 5,052 )$8and restricted cash acquired,9$Net change in shortterm investments99
( 4,586 )9~
9%:
Other, net:~
:6,::( 891 );%Net cash used in investing activities;;
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( 12,474 )??
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( 2,421 )AA
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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11/01/2019PHSupplementary Disclosure of Condensed Consolidated Cash Flow Information'Nine Months Ended September 30,
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~
Adjusted Adjusted
Total
Pretax
Total
Pretax
(in millions)Revenues
Income (Loss)Revenues
Income (Loss)General Insurance
North America~
<~
~
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"~
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~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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11/01/2019`XNotes to Condensed Consolidated Financial Statements (unaudited) 3. Segment Information'Nine Months Ended September 30,~
~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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11/01/2019kcThe following unaudited summarized pro forma consolidated income statement information assumes thatThree Months EndedNine Months Ended
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(in millions)
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2018*Total revenues~
~
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~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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(in millions) Level 1 Level 2 Level 3 Netting (a)
Collateral
Total
Assets:
!Bonds available for sale:
0(U.S. government and government sponsored~
~
F
$
$
$~
Q
entities%Obligations of states, municipalities~
~
~
~
~
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z~
~
6~
~
~
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~
F) ~
~
~
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2= RMBS~
~
,~
~
~
~
nCMBS~
~
~
j~
~
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CDO/ABS~
~
^~
~
~
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&Total bonds available for sale~
*~
n
~
~
~
~
tOther bond securities:
0(U.S. government and government sponsored~
*~
#~
~
~
~
#entitiesNonU.S. governments~
~
~
~
~
~
Corporate debt~
~
J~
~
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JRMBS~
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FCMBS~
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fC#Total other bond securities~
*~
6~
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34Other contracts4~
44~
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4
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4"05(Counterparty netting and cash collateral5~
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666
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( 133 )6~
67Other liabilities7~
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77 ~
7
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78Longterm debt8~
88~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019e]Notes to Condensed Consolidated Financial Statements (unaudited)  5. Fair Value MeasurementsDecember 31, 2018Counterparty Cash
(in millions) Level 1 Level 2 Level 3 Netting (a)
Collateral
Total
Assets:
!Bonds available for sale:
0(U.S. government and government sponsored~
~
2
$
$
$~
2
entities%Obligations of states, municipalities~
~
~
B~
~
~
"and political subdivisionsNonU.S. governments~
~
~
.~
~
~
Corporate debt~
~
~
~
~
~
2RMBS~
~
J;~
~
~
~
&CMBS~
~
"~
V~
~
~
vCDO/ABS~
~
V~
:~
~
~
&Total bonds available for sale~
~
W~
V~
~
~
>Other bond securities:
0(U.S. government and government sponsored~
.~
z)~
~
~
~
)entitiesNonU.S. governments~
~
~
~
~
~
Corporate debt~
~
~
~
~
~
RMBS~
~
~
*~
~
~
CMBS~
~
~
6~
~
~
CDO/ABS~
~
~
E~
~
~
M#Total other bond securities~
.~
V~
V[~
~
~
^Equity securities~
~
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( 1,840 )''
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//0Interest rate contracts0~
00~
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0>0~
00 ~
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0~
0"1Foreign exchange contracts1~
11~
1j
1~
11~
11 ~
1
1~
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2Equity contracts2~
222~
22~
22~
22 ~
2
2~
2>3Credit contracts3~
33~
3"3~
33~
33 ~
3
3~
34Other contracts4~
44~
44~
44~
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4
4~
405(Counterparty netting and cash collateral5~
55~
55~
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( 1,713 )5 5
( 187 )55
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6B6~
6,6~
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( 187 )6~
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7.7~
77~
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88~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following tables present changes during the three and ninemonth periods ended September 30, 2Net
Changes in Realized and
Unrealized Gains
Unrealized
Purchases,
(Losses) Included
Fair ValueGains (Losses)
OtherSales,
Gross
Gross
Fair Valuein Income on BeginningIncluded
Comprehensive
Issuances and
Transfers Transfers
EndInstruments Held
(in millions)
of Period
in Income
Income (Loss)
Settlements, Net
In
Out
of Period
at End of Period%Three Months Ended September 30, 2019
Assets:
!Bonds available for sale:
%Obligations of states, municipalities
"and political subdivisions~
!$( 1 )~
~
r
$ $( 265 )~
$NonU.S. governments~
~
~
~
~
~
~
6~
Corporate debt~
v( 36 )( 2 )( 535 ) ~
( 85 )
~
~
RMBS~
~
~
>( 418 ) ~
B( 82 )
~
~
CMBS~
>~
~
~
V ~
( 172 )
~
j~
CDO/ABS~
~
~
( 170 ) ~
~
~
~
&Total bonds available for sale~
~
2~
&( 946 ) ~
2( 604 )
~
~
Other bond securities:
Corporate debt~
~
~
~
~
~
~
~
RMBS~
~
&~
( 24 ) ~
~
~
~
CMBS~
b~
~
( 17 ) ~
( 4 )
~
( 2 )CDO/ABS~
@~
~
( 334 ) ~
~
~
n=~
r#Total other bond securities~
2O~
~
( 375 ) ~
( 4 )
~
:K~
nEquity securities~
~
~
( 29 ) ~
~
~
"( 2 )Dl3'6N]Z>$Kx'AXRp !"#$%&'()*+,./012345678+ #Mortgage and other loans receivable ~
~
~
~
~
~
~
~
!Other invested assets!~
!v !~
!!~
!!!( 22 )! ~
!
!~
!!
~
!6 !~
!"Other assets"~
""~
""~
"""( 1 )" ~
"
"~
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~
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#Total~
#~
#>~
#&#$( 1,373 )~
# :# $( 608 )~
#
~~
#$$$$$Net$$$$$ $
$$$
$$$
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((
Issuances and( (
Transfers(( Transfers(
(End((Instruments Held)
(in millions))) of Period)) in Income))
Income (Loss))Settlements, Net)
)
In))Out)
) of Period))at End of Period*Liabilities:********* *
***
***&+Policyholder contract deposits~
+^~
+v
+$~
+
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+$~
+
o+ $( 691 )$,Derivative liabilities, net:,,,,,,,,, ,
,,,
,,,Interest rate contracts~
B( 3 )~
( 13 ) ~

~

~
~
".Foreign exchange contracts..( 4 ).~
..~
...( 3 ). ~
.
.~
..
.( 1 ).~
./Equity contracts//( 113 )/~
/2/~
//~
// ~
/
/~
//
/( 101 )//( 13 )0Credit contracts0~
000( 24 )0~
000( 47 )0 ~
0
0~
00
~
00~
0:1Other contracts11( 7 )11( 17 )1~
11~
1F1 ~
1
1~
11
1( 7 )1~
1>2%Total derivative liabilities, net (a)2~
222( 26 )2~
222( 46 )2 ~
2
2~
22
2( 7 )2~
2B
3Total~
3_~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
CERTIFICATIONCERTIFICATION (1)U }}$ }}$ }<}$ }m}$ }m} $ }
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9
( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019e]Notes to Condensed Consolidated Financial Statements (unaudited)  5. Fair Value MeasurementsNet
Changes in Realized and
Unrealized Gains
Unrealized
Purchases,
(Losses) Included
Fair ValueGains (Losses)
OtherSales,
Gross
Gross
Fair Valuein Income on BeginningIncluded
Comprehensive
Issuances and
Transfers Transfers
EndInstruments Held
(in millions)
of Period
in Income
Income (Loss)
Settlements, Net
In
Out
of Period
at End of Period,$Nine Months Ended September 30, 2019
Assets:
!Bonds available for sale:
%Obligations of states, municipalities
"and political subdivisions~
B$( 2 )~
~
~
$( 425 )~
$NonU.S. governments~
.~
~
( 4 ) ~
( 4 )
~
6~
Corporate debt~
( 10 )~
>( 600 ) ~
( 213 )
~
~
RMBS~
~
~
( 1,234 ) ~
N( 239 )
~
~
CMBS~
V~
"~
~
~
( 376 )
~
j~
CDO/ABS~
:~
>~
2( 111 ) ~
( 374 )
~
~
&Total bonds available for sale~
V~
> ~
*
( 1,390 ) ~
~
( 1,631 )
~
~
Other bond securities:
Corporate debt~
~
~
~
~
~
~
~
RMBS~
*~
~
( 544 ) ~
~
~
( 18 )CMBS~
6~
~
~
~
( 14 )
~
~
CDO/ABS~
E~
~
( 749 ) ~
( 97 )
~
n=~
#Total other bond securities~
V[~
~
( 1,293 ) ~
( 111 )
~
:K~
Equity securities~
n~
~
( 20 ) ~
( 1 )
~
"~
Dl9!~
~
( 15 ) ~

~

~
~
".Foreign exchange contracts..( 5 )..( 4 ).~
..~
.". ~
.
.~
..
.( 1 ).~
./Equity contracts//( 75 )//( 8 )/~
///( 18 )/ ~
/
/~
//
/( 101 )/~
/N0Credit contracts0~
000( 51 )0~
000( 74 )0 ~
0
0~
00
~
00~
061Other contracts11( 9 )11( 50 )1~
11~
11 ~
1
1~
11
1( 7 )1~
12%Total derivative liabilities, net (a)2~
2f22( 113 )2~
222( 47 )2 ~
2
2~
22
2( 7 )2~
2N
3Total~
3B~
3#
3$~
3n
3 $
3$~
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o3$( 1,961 )45$6____________________________17)Created by Morningstar Document Research.08(http://documentresearch.morningstar.com/6#*BJHHRZJ=PF0*8X>
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019e]Notes to Condensed Consolidated Financial Statements (unaudited)  5. Fair Value MeasurementsNet
Changes in Realized and
Unrealized Gains
Unrealized
Purchases,
(Losses) Included
Fair ValueGains (Losses)
OtherSales,
Gross
Gross
Fair Valuein Income on BeginningIncluded
Comprehensive
Issuances and
Transfers Transfers
EndInstruments Held
(in millions)
of Period
in Income
Income (Loss)
Settlements, Net
In
Out
Acquisition
of Period
at End of Period%Three Months Ended September 30, 2018
Assets:
!Bonds available for sale:
%Obligations of states, municipalities
"and political subdivisions~
"
$$( 37 )$( 46 )~
$( 31 )
$~
2
$NonU.S. governments~
~
( 1 )~
~
~
~
~
~
Corporate debt~
~
( 10 )( 28 ) ~
( 44 )
~
~
~
RMBS~
F~
V~
( 725 ) ~
( 16 )
~
~
6~
CMBS~
v ~
:( 14 )~
~ ~
~
~
~
~
CDO/ABS~
"k~
>( 31 )~
~
~
~
~
~
&Total bonds available for sale~
ʒ~
( 88 )( 447 ) ~
( 91 )
~
~
"~
Other bond securities:
Corporate debt~
J~
~
( 18 ) ~
~
~
~
( 2 )RMBS~
~
J~
( 57 ) ~
~
~
~
( 29 )CMBS~
( 2 )~
~
~
~
~
~
&( 2 )CDO/ABS~
H~
2~
( 267 ) ~
~
~
"~
E( 6 )#Total other bond securities~
^~
r~
( 342 ) ~
~
~
"~
[( 39 )Equity securities~
~
~
~
b ~
~
~
~
f~
D/l9!$$z}{t !"#$%&'()*+,./01234567+ #Mortgage and other loans receivable ~
~
~
~
~
~
~
~
~
!Other invested assets!~
!>!~
!!~
!!!( 1 )! ~
!
!~
!!
~
!!~
!:!~
!
"Total~
"~
"Z"$( 88 )" $( 766 )~
" f"$( 91 )~
"
~
"
"$( 39 )#####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''
Issuances and' '
Transfers'' Transfers'
'''End''Instruments Held(
(in millions)(( of Period(( in Income((
Income (Loss)(Settlements, Net(
(
In((Out(
(Acquisition(( of Period((at End of Period)Liabilities:))))))))) )
)))
)))))&*Policyholder contract deposits~
*:7* $( 242 )
*$~
*R
* $
*$
*
$~
*4~
*$+Derivative liabilities, net:+++++++++ +
+++
+++++,Interest rate contracts,~
,:,,( 1 ),~
,,,( 1 ), ~
,
,~
,,
~
,,~
,2,~
,"Foreign exchange contracts~
~

~
( 2 ) ~

~

~
~
( 5 ).Equity contracts..( 79 )..( 12 ).~
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...( 103 ).~
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///( 9 )/~
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//~
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~
000( 12 )0~
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111( 39 )1~
11~
11 ~
1
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11
~
11~
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2$~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019e]Notes to Condensed Consolidated Financial Statements (unaudited)  5. Fair Value MeasurementsNet
Changes in Realized and
Unrealized Gains
Unrealized
Purchases,
(Losses) Included
Fair ValueGains (Losses)
OtherSales,
Gross
Gross
Fair Valuein Income on BeginningIncluded
Comprehensive
Issuances and
Transfers Transfers
EndInstruments Held
(in millions)
of Period
in Income
Income (Loss)
Settlements, Net
In
Out
Acquisition
of Period
at End of Period,$Nine Months Ended September 30, 2018
Assets:
!Bonds available for sale:
%Obligations of states, municipalities
"and political subdivisions~
%~
$( 152 ) $( 144 )~
$( 167 )
$~
2
$NonU.S. governments~
"( 5 )~
( 3 ) ~
( 5 )
~
~
~
Corporate debt~
V( 58 )( 7 )( 174 ) ~
( 693 )
~
~
~
RMBS~
"~
~
( 1,877 ) ~
"( 50 )
~
~
6~
CMBS~
~
J( 35 )~
~
( 19 )
~
~
~
CDO/ABS~
.~
~( 116 )( 334 ) ~
( 1,072 )
~
~
~
&Total bonds available for sale~
~
( 300 )
( 2,531 ) ~
J%
( 2,006 )
~
~
"~
Other bond securities:
Corporate debt~
J~
~
( 18 ) ~
~
~
~
( 1 )RMBS~
~
&~
( 238 ) ~
~
~
~
~
CMBS~
*( 5 )~
( 1 ) ~
~
~
~
&~
CDO/ABS~
rM~
n~
( 780 ) ~
( 9 )
~
"~
E~
&#Total other bond securities~
e~
~~
( 1,037 ) ~
( 9 )
~
"~
[~
Equity securities~
( 2 )~
~
n ~
~
~
~
f~
D^l9!$${\bUUSL !"#$%&'()*+,./01234567+ #Mortgage and other loans receivable ~
~
~
( 5 ) ~
~
~
~
~
!Other invested assets!~
!!~
!!~
!!~
!~! ~
!
!~
!!
~
!!~
!:!~
!
"Total~
".~
"" $( 299 )"$( 3,451 )~
" &&"$( 2,015 )~
"
~
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~
"#####Net##### #
###
#####
Changes in$$$$$Realized and$$$$$ $
$$$
$$$$$Unrealized Gains%%%%%
Unrealized%%%%
Purchases,% %
%%%
%%%%%(Losses) Included&&&
Fair Value&&(Gains) Losses&
&Other&&Sales,&
&
Gross&
&Gross&
&&&
Fair Value&&in Income on''' Beginning''Included''
Comprehensive''
Issuances and' '
Transfers'' Transfers'
'''End''Instruments Held(
(in millions)(( of Period(( in Income((
Income (Loss)(Settlements, Net(
(
In((Out(
(Acquisition(( of Period((at End of Period)Liabilities:))))))))) )
)))
)))))&*Policyholder contract deposits~
*@* $( 986 )
*$~
*
* $
*$
*
$~
*4~
*$+Derivative liabilities, net:+++++++++ +
+++
+++++,Interest rate contracts,~
,Z,,( 5 ),~
,,,( 5 ), ~
,
,~
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~
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,2,~
,"Foreign exchange contracts~
( 2 )~
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 ~

~

~
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( 5 ).Equity contracts..( 82 )..( 3 ).~
...( 20 ). ~
.
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...( 103 ).~
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///( 23 )/~
///( 3 )/ ~
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00~
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0
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~
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111( 84 )1~
11~
11 ~
1
1~
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1
~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcNet realized and unrealized gains and losses included in income related to Level 3 assets and liabiNetNet Realized
Investment Capital
Other
(in millions)
Income
Gains (Losses)
Income
Total%Three Months Ended September 30, 2019Assets:
Bonds available for sale~
$( 24 )
$~
2Other bond securities~
~
>~
~
Equity securities~
~
~
~
Other invested assets~
( 1 )~
~
,$Nine Months Ended September 30, 2019Assets: Bonds available for sale~
.
$( 60 )
$~
> Other bond securities~
~
~
~
Equity securities~
~
~
~
Other invested assets~
f( 1 )~
~
b%Three Months Ended September 30, 2018Assets: Bonds available for sale~
$
$~
Other bond securities~
~
~
~
rEquity securities~
~
~
~
Other invested assets~
~
~
~
,$Nine Months Ended September 30, 2018Assets: Bonds available for sale~
n $( 112 )
$~
DXl3' % ! " # $ % & ' ( ) * + ,  . / 0 1 2 3 4 5 6 7 8 9 : ; Other bond securities ~
r ( 3 ) ~
~
~!Equity securities!!( 2 )!~
!!~
!!!( 2 )"Other invested assets"~
""~
"""( 5 )"~
"#########$$$Net$$Net Realized$$$$%%%
Investment%%Capital%
%Other%%&
(in millions)&&Income&(Gains) Losses&&Income&
&Total'%Three Months Ended September 30, 2019''''''''(Liabilities:((((((((&)Policyholder contract deposits
)$~
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#*Derivative liabilities, net*~
***( 11 )**( 15 )**( 26 ),+$Nine Months Ended September 30, 2019++++++++,Liabilities:,,,,,,,,&Policyholder contract deposits
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$~
%#.Derivative liabilities, net.~
...( 64 )..( 49 )..( 113 )/%Three Months Ended September 30, 2018////////0Liabilities:00000000&1Policyholder contract deposits
1$1 $( 242 )
1$1 $( 242 )#2Derivative liabilities, net2~
222( 1 )22( 38 )22( 39 ),3$Nine Months Ended September 30, 2018333333334Liabilities:44444444&5Policyholder contract deposits
5$5 $( 986 )
5$5 $( 986 )#6Derivative liabilities, net6~
666( 3 )66( 81 )66( 84 )78$9____________________________1:)Created by Morningstar Document Research.0;(http://documentresearch.morningstar.com/<sYrd[[SRI<4'=PF0*8X>
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the gross components of purchases, sales, issuances and settlements, n IssuancesPurchases, Sales, and
Issuances and
(in millions)
Purchases
Sales
Settlements (a)
Settlements, Net (a)%Three Months Ended September 30, 2019Assets:!
Bonds available for sale:
%Obligations of states, municipalities~
$$( 17 )~
r"and political subdivisionsNonU.S. governments~
~
~
~
Corporate debt~
( 128 )( 408 )( 535 )RMBS~
~
( 671 )( 418 )CMBS~
r~
( 7 )~
VCDO/ABS~
*( 198 )( 430 )( 170 )&Total bonds available for sale~
F( 326 )
( 1,533 )( 946 )Other bond securities:RMBS~
~
( 24 )( 24 )CMBS~
( 16 )( 1 )( 17 )CDO/ABS~
( 153 )( 181 )( 334 )#Total other bond securities~
( 169 )( 206 )( 375 )Equity securities~
~
( 29 )( 29 )+#Mortgage and other loans receivable~
~
~
~
Other invested assets~
V~
( 43 )( 22 )Other assets~
~
( 1 )( 1 )Total assets~
$( 495 )$( 1,812 )$( 1,373 )Dl3'
c_kE))tl> ! " # $ % & ' ( ) * + ,  . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? Liabilities: &!Policyholder contract deposits
!$~
!
!$~
!#"Derivative liabilities, net""( 7 )"~
"""( 39 )""( 46 )#Total liabilities#$( 7 )~
##$( 39 )~
#
$%Three Months Ended September 30, 2018$$$$$$$$%Assets:%%%%%%%%!&Bonds available for sale:&&&&&&&&'%Obligations of states, municipalities
'$'$( 8 )'$( 38 )'$( 46 )"(and political subdivisions)NonU.S. governments)~
))~
))~
))~
)*Corporate debt*~
*f*~
***( 53 )**( 28 )+RMBS+~
+++( 2 )++( 846 )++( 725 ),CMBS,~
,,,( 2 ),,( 25 ),~
,~CDO/ABS~
*( 49 )( 25 )~
&.Total bonds available for sale.~
.b ..( 61 )..( 986 )..( 447 )/Other bond securities:////////0Corporate debt0~
00~
000( 18 )00( 18 )1RMBS1~
11~
111( 57 )11( 57 )2CMBS2~
22~
22~
22~
23CDO/ABS3~
33~
333( 267 )33( 267 )#4Total other bond securities4~
44~
444( 342 )44( 342 )5Equity securities5~
5b5~
55~
55~
5b+6#Mortgage and other loans receivable6~
66~
66~
66~
67Other invested assets7~
77~
777( 1 )77( 1 )8Other assets8~
88~
88~
88~
89Total assets~
9 9$( 61 )9$( 1,329 )9$( 766 ):Liabilities:::::::::&;Policyholder contract deposits
;$~
;R;$( 64 )~
;R#<Derivative liabilities, net<<( 18 )<~
<<~
<N<~
<=Total liabilities=$( 18 )~
=R=$( 45 )~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019e]Notes to Condensed Consolidated Financial Statements (unaudited)  5. Fair Value Measurements IssuancesPurchases, Sales, and
Issuances and
(in millions)
Purchases
Sales
Settlements (a)
Settlements, Net (a),$Nine Months Ended September 30, 2019Assets:!
Bonds available for sale:
%Obligations of states, municipalities~
$( 16 )$( 49 )~
"and political subdivisionsNonU.S. governments~
~
( 4 )( 4 )Corporate debt~
( 129 )( 529 )( 600 )RMBS~
r
( 26 )
( 2,068 )
( 1,234 )CMBS~
~
( 74 )~
CDO/ABS~
r( 508 )
( 1,231 )( 111 )&Total bonds available for sale~
2( 679 )
( 3,955 )
( 1,390 )Other bond securities:RMBS~
( 437 )( 107 )( 544 )CMBS~
J( 16 )( 2 )~
CDO/ABS~
( 153 )( 596 )( 749 )#Total other bond securities~
J( 606 )( 705 )
( 1,293 )Equity securities~
&~
( 29 )( 20 )+#Mortgage and other loans receivable~
~
~
~
Other invested assets~
~
( 87 )( 23 )Other assets~
~
~
~
Total assets~
4$( 1,285 )$( 4,774 )$( 2,724 )Dl9!iflF"_T$k ! " # $ % & ' ( ) * + ,  . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? Liabilities: &!Policyholder contract deposits
!$~
! ~
!~
!*
#"Derivative liabilities, net""( 29 )"~
"""( 18 )""( 47 )#Total liabilities#$( 29 )~
# ~
#B~
#n ,$$Nine Months Ended September 30, 2018$$$$$$$$%Assets:%%%%%%%%!&Bonds available for sale:&&&&&&&&'%Obligations of states, municipalities~
'b'$( 8 )' $( 160 )' $( 144 )"(and political subdivisions)NonU.S. governments)~
)
)~
)))( 5 )))( 3 )*Corporate debt*~
*b**( 216 )**( 238 )**( 174 )+RMBS+~
+ ++( 12 )++
( 2,495 )++
( 1,877 ),CMBS,~
,,,( 2 ),,( 67 ),~
,CDO/ABS~
R( 962 )( 736 )( 334 )&.Total bonds available for sale.~
.
%..
( 1,200 )..
( 3,701 )..
( 2,531 )/Other bond securities:////////0Corporate debt0~
00~
000( 18 )00( 18 )1RMBS1~
111( 34 )11( 205 )11( 238 )2CMBS2~
22~
222( 1 )22( 1 )3CDO/ABS3~
333( 4 )33( 776 )33( 780 )#4Total other bond securities4~
444( 38 )44
( 1,000 )44
( 1,037 )5Equity securities5~
5n5~
55~
55~
5n+6#Mortgage and other loans receivable6~
666( 5 )6~
666( 5 )7Other invested assets7~
7f77( 29 )77( 29 )7~
7~8Other assets8~
88~
88~
88~
89Total assets~
9'9$( 1,272 )9$( 4,730 )9$( 3,451 ):Liabilities:::::::::&;Policyholder contract deposits
;$~
;; $( 165 )~
;#<Derivative liabilities, net<<( 37 )<~
<<~
<<~
<=Total liabilities=$( 37 )~
==$( 95 )~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe table below presents information about the significant unobservable inputs used for recurring f
Fair Value at
September 30, Valuation
Range
(in millions)~
Technique
Unobservable Input (b)
(Weighted Average)Assets:
%Obligations of states, municipalities
"and political subdivisions~
Discounted cash flow
Yield#3.12 %  3.74 % ( 3.43 %)Corporate debt~
6Discounted cash flow
Yield#2.95 %  7.03 % ( 4.99 %)RMBS (a)~
Discounted cash flow Constant prepayment rate$3.87 %  12.23 % ( 8.05 %)
Loss severity&36.65 %  78.25 % ( 57.45 %)Constant default rate#1.81 %  6.41 % ( 4.11 %)
Yield#2.29 %  4.47 % ( 3.38 %)CDO/ABS (a)~
>\Discounted cash flow
Yield#2.73 %  4.75 % ( 3.74 %)CMBS~
Discounted cash flow
Yield#2.48 %  4.82 % ( 3.65 %)Liabilities:#Embedded derivatives within'Policyholder contract deposits:.&Guaranteed minimum withdrawal benefits~
1Discounted cash flowEquity volatility6.15 %  48.65 %D
l3'o\cG:ZAk#Y !"#$%&'()*+,./01 (GMWB)!!!!!Base lapse rate!0.16 %  12.60 %"""" "Dynamic lapse multiplier"50.00 %  143.00 %#### #Mortality multiplier (c)#38.00 %  155.00 %$$$$$Utilization$90.00 %  100.00 %%%%%*%"Equity / interestrate correlation%20.00 %  40.00 %&&&&&&'Index Annuities'~
':6'Discounted cash flow'
Lapse rate'0.31 %  50.00 %(((( (Mortality multiplier (c)(24.00 %  180.00 %)))))
Option Budget)1.00 %  4.00 %******+Indexed Life+~
++Discounted cash flow+Base lapse rate+0.00 %  37.97 %,,,,,Mortality rate,0.00 %  100.00 %.$/____________________________10)Created by Morningstar Document Research.01(http://documentresearch.morningstar.com/(5T:v{D=PF0*8X>
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019e]Notes to Condensed Consolidated Financial Statements (unaudited)  5. Fair Value Measurements
Fair Value at
December 31,
Valuation
Range
(in millions)~
TechniqueUnobservable Input (b)(Weighted Average)Assets:
%Obligations of states, municipalities"and political subdivisions~
Discounted cash flow
Yield#3.91 %  5.00 % ( 4.46 %)Corporate debt~
Discounted cash flow
Yield#4.35 %  5.99 % ( 5.17 %)RMBS (a)~
Discounted cash flow Constant prepayment rate$4.58 %  14.00 % ( 9.29 %)
Loss severity&39.66 %  74.40 % ( 57.03 %)Constant default rate#2.46 %  7.39 % ( 4.92 %)
Yield#3.31 %  5.50 % ( 4.40 %)CDO/ABS (a)~
VUDiscounted cash flow
Yield#3.65 %  5.10 % ( 4.37 %)CMBS~
Discounted cash flow
Yield#3.29 %  6.07 % ( 4.68 %)Liabilities:#Embedded derivatives within'Policyholder contract deposits:Dl9!x?*H]$Z[ !"#$%&'()*+,./01 GMWB ~
^ Discounted cash flow Equity volatility 6.05 %  47.65 %!!!!!Base lapse rate!0.16 %  12.60 %"""" "Dynamic lapse multiplier"20.00 %  180.00 %#### #Mortality multiplier (c)#40.00 %  153.00 %$$$$$Utilization$90.00 %  100.00 %%%%%*%"Equity / interestrate correlation%20.00 %  40.00 %&&&&&&'Index Annuities'~
''Discounted cash flow'
Lapse rate'0.50 %  40.00 %(((( (Mortality multiplier (c)(42.00 %  162.00 %)))))
Option Budget)1.00 %  3.00 %******+Indexed Life+~
++Discounted cash flow+Base lapse rate+0.00 %  13.00 %,,,,,Mortality rate,0.00 %  100.00 %.$/____________________________10)Created by Morningstar Document Research.01(http://documentresearch.morningstar.com/(T.L \j^R*=PF0*8X>
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table includes information related to our investments in certain other invested assetSeptember 30, 2019December 31, 2018
Fair Value
Fair Value
Using NAV
Using NAV
Per Share (orUnfunded
Per Share (or
Unfunded
(in millions)$Investment Category Includesits equivalent)Commitmentsits equivalent)
Commitments
Investment Category
Private equity funds:
Leveraged buyout.&Debt and/or equity investments made as~
~
~
>
~
0(part of a transaction in which assets of.&mature companies are acquired from the,$current shareholders, typically with%the use of financial leverage
$Real Estate / Infrastructure%Investments in real estate properties~
V~
~
~
N/'and infrastructure positions, including0(power plants and other energy generating
facilities
Venture capital+#Earlystage, highpotential, growth~
~
~
~
/'companies expected to generate a return.&through an eventual realization event,2*such as an initial public offering or saleof the company
D
l3'$#a!r!> !"#$%&'()*+,./0123456789:;<=>?
Growth Equity2 *Funds that make investments in established ~
n ~
" ~
~
r!2!*companies for the purpose of growing their""
businesses########## #
$ Mezzanine1$)Funds that make investments in the junior$~
$V$~
$b$$~
$N$ ~
$
.%/%'debt and equity securities of leveraged&& companies'''''''''' '
(Other(%Includes distressed funds that invest(~
((~
(((~
(
( ~
(
)6).in securities of companies that are in default*/*'or under bankruptcy protection, as well+.+&as funds that have multistrategy, and,,other strategies"Total private equity funds~
:0~
)~
*# ~

n.Hedge funds:......... .
/Eventdriven3/+Securities of companies undergoing material/~
//~
///~
/N/ ~
/
0.0&structural changes, including mergers,1.1&acquisitions and other reorganizations2222222222 2
3
Longshort03(Securities that the manager believes are3~
33~
333~
3~
3 ~
3
44%undervalued, with corresponding short5&5positions to hedge market risk6666666666 6
7Macro67.Investments that take long and short positions7~
7B
7~
777~
7
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7
848,in financial instruments based on a topdown939+view of certain economic and capital market::
conditions;;;;;;;;;; ;
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the gains or losses recorded related to the eligible instruments for w0(Gain (Loss) Three Months Ended September/'Gain (Loss) Nine Months Ended September ~
z~
z
(in millions)
~
~
~
~
Assets:"Bond and equity securities~
6~
~
.~
J#
Alternative investments (a)
~
r
~
~
f
~
Liabilities:Longterm debt (b)( 75 )~
( 228 )~
*
Total gain~
z~
~
~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the difference between fair values and the aggregate contractual princSeptember 30, 2019December 31, 2018 Outstanding
Outstanding
(in millions)
Fair Value
Principal Amount
Difference
Fair Value
Principal Amount
DifferenceLiabilities:
Longterm debt *~
#~
~
~
"~
~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019jbThe following table presents assets measured at fair value on a nonrecurring basis at the time ofAssets at Fair Value
Impairment Charges NonRecurring Basis (
Three Months Ended September 30, ' Nine Months Ended September 30,
(in millions)
Level 1
Level 2
Level 3
Total
~
~
~
~
September 30, 2019
Other investments
$
$~
~
~
$~
~
f
Other assets
~
~
~
~
~
~
~
~
Total
$
$~
~
~
~
~
~
December 31, 2018
Other investments
$
$~
~
Other assets~
~
~
.~
.
Total
$
$~
~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the carrying amounts and estimated fair values of our financial instruEstimated Fair Value
Carrying
(in millions) Level 1 Level 2 Level 3
Total
Value
September 30, 2019
Assets:
+#Mortgage and other loans receivable
$~
~
~
~
N
Other invested assets
~
~
~
~
&
~
*Shortterm investments~
~
b~
~
b ~
bCash~
4~
~
~
4 ~
4Other assets~
B~
&~
~
f ~
fLiabilities:
1)Policyholder contract deposits associated
&with investmenttype contracts~
~
.~
B~
F ~
Other liabilities~
~
+~
~
+ ~
+Longterm debt~
~
~
f~
"( ~
>December 31, 2018
Assets:
+#Mortgage and other loans receivable
$~
~
~
~
Other invested assets~
~
n~
~
~
Shortterm investments~
~
h~
~
h ~
hCash~
,~
~
~
, ~
,Other assets~
~
~
~
^ ~
^Liabilities:
1)Policyholder contract deposits associated
&with investmenttype contracts~
~
N~
.c~
zh ~
j\Dl3'}}6
z!QQ
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~
~
~
~
!Longterm debt!~
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!!~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the amortized cost or cost and fair value of our available for sale se
OtherThan Amortized
Gross
Gross
Temporary
Cost or
Unrealized
Unrealized
Fair
Impairments
(in millions)Cost
GainsLosses
Value
in AOCI (a)September 30, 2019
!
Bonds available for sale:
0(U.S. government and government sponsored~
I~
$( 1 )~
Q
$entities%Obligations of states, municipalities~
~
( 17 )~
~
"and political subdivisionsNonU.S. governments~
~
( 79 )~
B ~
Corporate debt~
{~
r( 534 )~
2= ~
&91Mortgagebacked, assetbacked and collateralized:
RMBS~
&~
B4( 62 )~
n ~
CMBS~
&~
( 12 )~
~
CDO/ABS~
B~
( 79 )~
~
F+#Total mortgagebacked, assetbacked~
~
RG( 153 )~
v ~
and collateralized*"Total bonds available for sale (b)~
>~
B $( 784 )~
t~
December 31, 2018
!Bonds available for sale:
0(U.S. government and government sponsored~
1~
$( 42 )~
2
$entities%Obligations of states, municipalities~
~
( 121 )~
~
D7l3'2O7IaC3 !"#$%&'()*+,." and political subdivisions!NonU.S. governments!~
!!~
!!!( 302 )!~
!! ~
!
"Corporate debt"~
""~
"=""
( 3,647 )"~
"2" ~
"
9#1Mortgagebacked, assetbacked and collateralized:######### #
$RMBS$~
$$~
$
+$$( 317 )$~
$&$ ~
$
%CMBS%~
%%~
%%%( 214 )%~
%v% ~
%
~&CDO/ABS&~
&&~
&&&( 165 )&~
&& ~
&
F+'#Total mortgagebacked, assetbacked'~
''~
'b2''( 696 )'~
'&' ~
'
(and collateralized*)"Total bonds available for sale (b)~
)
~
))$( 4,808 )~
)>~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table summarizes the fair value and gross unrealized losses on our available for saleLess than 12 Months12 Months or More
Total
Gross
Gross
Gross
Fair
Unrealized
Fair
Unrealized
Fair
Unrealized
(in millions)
ValueLosses
Value Losses
Value
LossesSeptember 30, 2019
!
Bonds available for sale:
0(U.S. government and government sponsored~
"~
~
$
~
~
entities%Obligations of states, municipalities
and politicalsubdivisions~
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~
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.
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^~
n~
~
~
J
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j~
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~
[
~
>&Total bonds available for sale~
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Z~
~
~
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BDecember 31, 2018
!Bonds available for sale:
0(U.S. government and government sponsored~
~
6~
~
v
~
~
entities%Obligations of states, municipalities
and politicalsubdivisions~
~
~
~
~
6
~
Dl3'UBt%]Ip !"#$%&'()* NonU.S. governments ~
.< ~
V ~
% ~
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#Z$CDO/ABS$~
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~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the amortized cost and fair value of fixed maturity securities availab'Total Fixed Maturity Securities+#Fixed Maturity Securities in a Loss Available for Sale # Position Available for Sale
(in millions)
Amortized Cost
Fair Value
Amortized Cost
Fair ValueSeptember 30, 2019 Due in one year or less~
z~
~
v~

%Due after one year through five years
~
~
~
[
~
W.&Due after five years through ten years~
~
~
=~
:Due after ten years~
u~
"~
9~
680Mortgagebacked, assetbacked and collateralized~
~
v~
~
Total~
>~
t~
~
ƎDecember 31, 2018 Due in one year or less~
~
*~
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#%Due after one year through five years~
~
~
~
2.&Due after five years through ten years~
~
~
2~
VDue after ten years~
~
z~
'~
R80Mortgagebacked, assetbacked and collateralized~
~
&~
~
ι
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~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the gross realized gains and gross realized losses from sales or matur( Three Months Ended September 30,' Nine Months Ended September 30, ~
~
~
~
Gross
Gross
Gross
Gross
Gross
Gross
Gross
GrossRealizedRealizedRealizedRealized RealizedRealized
RealizedRealized
(in millions)
GainsLosses
GainsLosses
GainsLosses
GainsLosses!
Fixed maturity securities~
~
~
J~
~
B~
b~
~
Equity securities~
~
~
~
~
~
~
B~
Total~
~
~
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~
B~
b~
2~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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11/01/2019kcThe following table presents the fair value of other securities measured at fair value based on ourSeptember 30, 2019December 31, 2018 Fair Percent Fair Percent
(in millions)
Value
of Total
Value
of Total
"Fixed maturity securities: 0(U.S. government and government sponsored~
#~
f %~
)~
V %
entitiesNonU.S. governments~
~
~
~
Corporate debt~
J~
~
~
6 :2Mortgagebacked, assetbacked and collateralized : RMBS~
F~
:~
~
: CMBS~
N~
~
~
*"CDO/ABS and other collateralized *~
fC~
~
M~
+#Total mortgagebacked, assetbacked~
]~
~
m~
and collateralized'Total fixed maturity securities~
~
n~
^~
j Equity securities~
~
&~
~
*
Total~
*~
%~
~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019UMThe following table summarizes the carrying amounts of other invested assets:
September 30,December 31,
(in millions) ~
~
'
Alternative investments (a) (b)~
R~
"Investment real estate (c)~
N~
All other investments~
~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019METhe following table presents the components of Net investment income:Three Months EndedNine Months Ended
September 30,
September 30,
(in millions)
~
~
~
~
5Available for sale fixed maturity securities,~
**~
)~
}~
~y( including shortterm investments+
#Other fixed maturity securities (a)
~
6
~
~
~
vEquity securities( 51 )( 21 )~
( 50 ),$Interest on mortgage and other loans~
~
~
~
"#Alternative investments (b)~
~
&~
~
Real estate~
~
"~
~
Other investments (a)( 143 )( 13 )( 203 )~
.Total investment income~
^7~
6~
V~
Investment expenses~
~
~
~
Net investment income~
B5~
5~
b~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019[SThe following table presents the components of Net realized capital gains (losses):Three Months EndedNine Months Ended
September 30,
September 30,
(in millions)
~
~
~
~
*"Sales of fixed maturity securities~
~
.~
~
""Sales of equity securities~
~
~
~
B)
!Otherthantemporary impairments:
Change in intent~
( 3 )( 3 )
( 52 )!Foreign currency declines( 6 )( 1 )( 15 )
( 13 )%Issuerspecific credit events( 17 )( 30 )( 113 )
( 92 )$Adverse projected cash flows( 1 )( 1 )( 6 )
( 1 )!Provision for loan losses( 25 )( 23 )( 35 )
( 73 )%Foreign exchange transactions( 203 )( 21 )( 242 )
( 155 ).&Variable annuity embedded derivatives,~
( 185 )~
*
( 2 )net of related hedges2*All other derivatives and hedge accounting~
J( 1 )~
f ~
V,$Loss on sale of private equity funds~
( 311 )~
( 311 )
Other~
R~
~
~
+#Net realized capital gains (losses)~
$( 511 )~
$( 365 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/BXC7+k wJ:~`TH =PF0*8X>
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the increase (decrease) in unrealized appreciation (depreciation) of oThree Months EndedNine Months Ended
September 30,
September 30,
(in millions)
~
~
~
~
6.Increase (decrease) in unrealized appreciation &(depreciation) of investments:!
Fixed maturity securities~
fD
$( 920 )
~
&
$( 8,858 )Other investments~
( 31 )( 68 ) ( 59 )/'Total increase (decrease) in unrealized~
fD $( 951 )~
$( 8,917 )2*appreciation (depreciation) of investments$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.3'r?u?3=PF0*8X>
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019jbThe following table summarizes the unrealized gains and losses recognized in Net Investment Income( Three Months Ended September 30,~
~
Other
Other
Invested
Invested
(in millions)EquitiesAssets
Total Equities
Assets
Total.&Net gains and losses recognized during$( 51 )~
~
$( 13 )~
~
'
the period on equity securities4,Less: Net gains and losses recognized during
the period on equity)!securities sold during the period~
J~
6~
~~
r
~
J~
.&Unrealized gains and losses recognized
during the reporting.&period on equity securities still held$( 69 )~
r~
^$( 41 )~
~
at the reporting date
'Nine Months Ended September 30,~
~
Other
Other
Invested
Invested
(in millions)EquitiesAssets
Total Equities
Assets
Total.&Net gains and losses recognized during~
~
~
$( 41 )~
~
"'the period on equity securities4,Less: Net gains and losses recognized during
the period on equity)!securities sold during the period~
z~
~
~
~
~
>.&Unrealized gains and losses recognized
Dl4(
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!~
!!!$( 75 )~
!
~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019jbThe following table presents a rollforward of the cumulative credit losses in otherthantemporaryThree Months EndedNine Months Ended
September 30,
September 30,
(in millions)
~
~
~
~
$Balance, beginning of period~
~
$~
:Increases due to: 4
,Credit impairments on new securities subject
~
*
~
>
~
~
to impairment losses3+Additional credit impairments on previously~
"~
B~
:~
impaired securitiesReductions due to: 1)Credit impaired securities fully disposed for which there was no+#prior intent or requirement to sell( 3 )( 12 )( 62 ) ( 143 )3+Accretion on securities previously impaired( 7 )( 164 )( 15 ) ( 433 )due to credit *Balance, end of period~
~
~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following tables present information on our PCI securities, which are included in bonds availab
(in millions)At Date of Acquisition2 *Contractually required payments (principal~
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and interest)%Cash flows expected to be collected *~
2*Recorded investment in acquired securities~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019YQNotes to Condensed Consolidated Financial Statements (unaudited)  6. Investments
(in millions)September 30, 2019December 31, 2018% Outstanding principal balance~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019YQThe following table presents activity for the accretable yield on PCI securities:Three Months EndedNine Months Ended
September 30,
September 30,
(in millions)
~
~
~
~
$Balance, beginning of period~
d~
t~
p~
6u&Newly purchased PCI securities~
~
~
F~
Accretion
( 172 )
( 176 )
( 495 )
( 553 )2*Effect of changes in interest rate indices( 278 )~
>( 678 )~
5Net reclassification from (to) nonaccretabledifference,( including effects of prepayments( 162 )~
v( 260 )~
Balance, end of period~
Z~
s~
Z~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the fair value of securities pledged to counterparties under secured f
(in millions)September 30, 2019December 31, 2018/ 'Fixed maturity securities available for~
v+~
j
sale,$Other bond securities, at fair value
$~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the fair value of securities pledged under our repurchase agreements b%Remaining Contractual Maturity of the
Agreements
(in millions)
Overnight and Continuous
up to
31  90 days
91  364 days
365 days or greater
Total30 daysSeptember 30, 2019
!
Bonds available for sale:
NonU.S. governments~
~
$
$
$~
Corporate debt~
r~
~
~
~
~
Other bond securities:
0(U.S. government and government sponsored~
~
~
~
~
~
entitiesNonU.S. governments~
~
~
~
~
~
Corporate debt~
~
~
~
~
~
Total~
r~
$
$
$~
December 31, 2018
!Bonds available for sale:
NonU.S. governments~
f~
$
$
$~
Corporate debt~
~
~
~
~
~
Other bond securities:
0(U.S. government and government sponsored~
.~
~
~
~
~
.entitiesNonU.S. governments~
~
~
~
~
~
Corporate debt~
F~
~
~
~
~
D(l3'Cs_?`
!
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#
$
%
Total~
~
~
$
$~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the fair value of securities pledged under our securities lending agre%Remaining Contractual Maturity of the
Agreements
(in millions)
Overnight and Continuous
up to
31  90 days
91  364 days
365 days or greater
Total30 daysSeptember 30, 2019
!
Bonds available for sale:
%Obligations of states, municipalities
and politicalsubdivisions
$
$~
~
$~
NonU.S. governments~
~
~
~
~
~
Corporate debt~
~
~
~
~
~
Z!
Total
$~
~
~
$~
r'
December 31, 2018
!Bonds available for sale:
%Obligations of states, municipalities
and politicalsubdivisions
$~
~
$
$~
NonU.S. governments~
~
V~
"~
~
~
vCorporate debt~
~
*~
f~
~
~
Total
$~
F~
$
$~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents information on the fair value of securities pledged to us under revers
(in millions)September 30, 2019December 31, 2018+ #Securities collateral pledged to us~
n ~
&
Amount sold or repledged by us
~
~
$
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019aYThe following table presents the composition of Mortgage and other loans receivable, net:
September 30,December 31,
(in millions) ~
~
Commercial mortgages *~
*"~
Residential mortgages~
e~
f#Life insurance policy loans~
~
!/
'Commercial loans, other loans and notes
~
*
~
receivable1)Total mortgage and other loans receivable~
~
2#Allowance for credit losses( 430 )( 397 )0(Mortgage and other loans receivable, net~
N~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents debt service coverage ratios and loantovalue ratios for commercial m( Debt Service Coverage Ratios (a)
(in millions) >1.20X
1.00X  1.20X
Total
September 30, 2019
LoantoValue Ratios (b)
Less than 65%~
ZE~
N+~
~
Zs
65% to 75%
~
B
~
~
v
~
J
76% to 80%~
~
N~
6~
6Greater than 80%~
~
>~
B~
V"Total commercial mortgages~
&~
j8~
~
*"December 31, 2018 LoantoValue Ratios (b)
Less than 65%~
,~
'~
~
W
65% to 75%~
~
~
.~
n
76% to 80%~
r~
R~
>~
Greater than 80%~
R ~
~
~
"Total commercial mortgages~
b~
Z.~
~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019h`The following table presents the credit quality performance indicators for commercial mortgages:Number
Percent
of
Class
of
(dollars in millions)
Loans
Apartments
Offices
Retail
Industrial
Hotel
Others
Total (c)
Total $
September 30, 2019
"Credit Quality Performance
Indicator:
In good standing~
~
>~
~
U~
R4~
$~
~
~
%Restructured (a)~
~
~
j~
~
~
>
~
~
~
"90 days or less delinquent~
~
~
~
~
~
~
~
~
!>90 days delinquent or in
process of foreclosure~
~
~
~
~
~
~
~
~
Total (b)~
~
>~
&~
U~
R4~
$~
~
*"~
%$Allowance for credit losses:
Specific
$~
~
$~
$~
&~
%General~
v~
6~
~
r~
>
~
~
~
)!Total allowance for credit losses~
v~
>~
~
r~
V~
~
>~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019h`The following table presents the credit quality performance indicators for commercial mortgages:December 31, 2018
" Credit Quality Performance
Indicator:
In good standing~
~
ڮ~
~
6X~
0~
.'~
~
~
%Restructured (a)~
~
~
~
~
~
B
~
~
~
"
90 days or less delinquent~
~
~
~
~
~
~
~
~
!>90 days delinquent or in
process of foreclosure~
~
~
~
~
~
~
~
~
Total (b)~
~
ڮ~
:~
6X~
0~
n'~
~
~
%$Allowance for credit losses:
Specific
$~
$
$~
$~
~
%General~
~
~
~
6~
N
~
~
~
)!Total allowance for credit losses~
~
~
~
6~
R~
~
~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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11/01/2019kcThe following table presents a rollforward of the changes in the allowance for losses on Mortgage a'Nine Months Ended September 30,~
~
Commercial
Other
Commercial
Other
(in millions)
Mortgages
Loans
Total
Mortgages
Loans
Total$Allowance, beginning of year~
~
>~
6~
~
.~
Loans charged off( 2 )
~
( 2 )( 17 )~
( 17 ).
&Recoveries of loans previously charged
~
~
~
~
~
~
offNet chargeoffs( 2 )
~
( 2 )( 17 )~
( 17 )!Provision for loan losses~
N
~
B~
~
~
"~
* Allowance, end of period~
> *~
~~
~
*~
N~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the total assets and total liabilities associated with our variable inReal Estate and
Affordable
Investment Securitization Housing
(in millions)
Entities (d)
Vehicles (e)
Partnerships
Other
TotalSeptember 30, 2019
Assets:
Bonds available for sale~
N~
p
$
$~
tOther bond securities~
~
8~
~
~
8+#Mortgage and other loans receivable~
~
7~
~
~
7Other invested assets~
:Z~
~
6~
~
Other (a)~
~
:~
~
~
Total assets (b)~
vd~
~
>~
J~
^Liabilities:
Longterm debt~
1~
":~
&!~
~
> Other (c)~
B~
r~
~
^ ~
Total liabilities~
*8~
<~
$~
n~
*December 31, 2018
Assets:
Bonds available for sale
$~
w
$
$~
wOther bond securities~
~
N=~
~
~
V=+#Mortgage and other loans receivable~
~
9~
~
~
9Other invested assets~
rQ~
~
1~
b ~
Other (a)~
~
~
*~
~
)Total assets (b)~
Z~
n~
B7~
~
Liabilities:
Dl3'rz1!~* !"#$%&' Longterm debt~
F(~
J1~
~
~
Fv! Other (c)!~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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OnBalance OffBalance
(in millions)
Assets
Sheet (b)
Sheet
TotalSeptember 30, 2019 /'Real estate and investment entities (a)~
~
&f~
7~
'
Affordable housing partnerships
~
z4
~
:
~
~
:
Other~
.T~
~
(c)~
Total~
f~
vr~
7~
December 31, 2018 /'Real estate and investment entities (a)~
z~
j~
'~
'Affordable housing partnerships~
R@~
~ ~
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Other~
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(c)~
Total~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the notional amounts of our derivatives and the fair value of derivatiSeptember 30, 2019
December 31, 2018 Gross Derivative Assets $ Gross Derivative Liabilities
Gross Derivative Assets $ Gross Derivative Liabilities
Notional
Fair
Notional
Fair
Notional
Fair
Notional
Fair
(in millions)Amount
ValueAmount
Value
Amount
ValueAmount
Value!Derivatives designated as
hedging instruments: (a)
Interest rate contracts~
~
~
j~
"
~
*
$~
~
N"Foreign exchange contracts~
Zg~
~
"~
:
~
Vc
~
~
'~
N"Derivatives not designated
#as hedging instruments: (a)
Interest rate contracts~
~
fD~
N~
,
~
~
*~
~
R"Foreign exchange contracts~
~
B~
e~
z
~
~
~
T~
Equity contracts~
;~
v~
&~~
b
~
>
~
:~
~%~
>Credit contracts (b)~
~
~
~
~
"
~
~
~
Other contracts (c)~
}~
>~
~
"
~
zb
~
>~
~
Total derivatives, gross~
R~
&k~
"~
>
~
^'~
E~
rq~
1 Counterparty netting (d)
( 2,795 )
( 2,795 )
( 1,713 )
( 1,713 )Cash collateral (e)
( 2,937 ) ( 133 )
( 1,840 )( 187 )&Total derivatives on condensed
'consolidated balance sheets (f)~
~
~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the gain (loss) recognized in earnings on our derivative instruments i%Gains/(Losses) Recognized in Earnings for:
Hedging
Excluded
Hedged
(in millions)Derivatives (a)Components (b)
Items
Net Impact%Three Months Ended September 30, 2019 !
Interest rate contracts :
'Realized capital gains/(losses)
$
$
$
$1)Interest credited to policyholder account~
~
( 4 )~
balancesNet investment income~
~
~
~
$Foreign exchange contracts : 'Realized capital gains/(losses)~
~
( 228 )~
%Three Months Ended September 30, 2018 !Interest rate contracts : 'Realized capital gains/(losses)$( 1 )
$~
$1)Interest credited to policyholder account~
~
~
~
balancesNet investment income~
~
~
~
$Foreign exchange contracts : 'Realized capital gains/(losses)( 16 )~
~
B~
,$Nine Months Ended September 30, 2019 !Interest rate contracts : 'Realized capital gains/(losses)
$
$
$
$1)Interest credited to policyholder account~
J~
( 18 )~
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!!~
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! $"Foreign exchange contracts :""""""""" '#Realized capital gains/(losses)#~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the effect of derivative instruments not designated as hedging instrum%Gains (Losses) Recognized in Earnings Three Months Ended Nine Months Ended
September 30,
September 30,
(in millions)~
~
~
~
By Derivative Type:
Interest rate contracts~
$( 270 )
~
$( 892 )"Foreign exchange contracts~
Z~
~
~
Equity contracts~
( 199 )( 23 ) ( 386 )Credit contracts~
j~
~
~
JOther contracts~
:~
J~
~
Embedded derivatives( 756 )~
( 2,037 )~
2
Total~
$( 173 )~
~
By Classification: Policy fees~
B~
F~
~
Net investment income( 3 )~
( 58 ) ( 3 )+#Net realized capital gains (losses)~
2( 223 )~
~
Other income~
~
~
~
21)Policyholder benefits and claims incurred~
( 2 )~
B ( 6 )
Total~
$( 173 )~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019SKThe following table presents the rollforward of activity in Loss Reserves:Three Months EndedNine Months Ended
September 30,
September 30,
(in millions)
~
~
~
~
5Liability for unpaid loss and loss adjustment~
~
~
~
%expenses, beginning of period
Reinsurance recoverable
( 31,333 )
( 27,406 )
( 31,690 )
( 26,708 )91Net Liability for unpaid loss and loss adjustment~
~
n~
+~
'%expenses, beginning of period5Losses and loss adjustment expenses incurred: Current year~
zP~
:h~
z~
80Prior years, excluding discount and amortization( 74 )~
( 221 )~
of deferred gain.&Prior years, discount charge (benefit)~
R~
~
( 174 )%Prior years, amortization of deferred~
6( 175 )( 129 ) ( 283 )+#gain on retroactive reinsurance (a)1)Total losses and loss adjustment expenses~
S~
^t~
~
incurred1)Losses and loss adjustment expenses paid: Current year
( 1,702 )
( 1,791 )
( 3,194 )
( 3,289 )Prior years
( 4,652 )
( 4,526 )
( 15,334 )
( 14,312 )1)Total losses and loss adjustment expenses
( 6,354 )
( 6,317 )
( 18,528 )
( 17,601 )paidOther changes: Foreign exchange effect( 172 )( 236 )( 165 ) ( 393 )DlK?3'W![,o"w
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019aYThe following table presents the components of the loss reserve discount discussed above:September 30, 2019December 31, 2018
North
North
America
America
CommercialLegacy
Commercial
Legacy
(in millions) Insurance Portfolio
Total Insurance
Portfolio
Total"
U.S. workers' compensation~
j!~
~
R,
~
z+~
6~
:Retroactive reinsurance
( 1,246 )~
( 1,246 )
( 1,720 )
~
( 1,720 ) Total reserve discount *~
~
~
~
~
6~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22) The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019TLThe following tables present the net loss reserve discount benefit (charge):( Three Months Ended September 30,~
~
North
North
America
America
CommercialLegacy
Commercial
Legacy
(in millions) Insurance Portfolio
Total Insurance
Portfolio
Total
Current accident year~
$~
~
f
$~
f'Accretion and other adjustments
to prior year discount( 26 )( 56 )( 82 ) ( 7 )
( 12 )
( 19 )'Effect of interest rate changes( 136 )( 58 )( 194 )~
6
~
~
BNet reserve discount
benefit (charge)( 121 )( 114 )( 235 )~
~
( 9 )~
Z+#Change in discount on loss reserves
+#ceded under retroactive reinsurance~
~
~
( 46 )
~
( 46 )#Net change in total reserve
discount (a)$( 78 ) $( 114 ) $( 192 )~
$( 9 )~
'Nine Months Ended September 30,~
~
North
North
AmericaAmerica
CommercialLegacy
Commercial
Legacy
(in millions) Insurance Portfolio
Total Insurance
Portfolio
TotalCurrent accident year~
$~
~
$~
'Accretion and other adjustments
to prior year discount( 269 )( 80 )( 349 ) ( 95 )
( 42 )
( 137 )DlJ>2&8Pvv{CG !"#$%&'()*+' Effect of interest rate changes ( 473 ) ( 195 ) ( 668 ) ~
~
> ~
!Net reserve discount!!!!!!!!! !
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"benefit (charge)""( 645 )""( 275 )""( 920 )""~
" 2"
~
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+##Change in discount on loss reserves######### #
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+$#ceded under retroactive reinsurance$~
$n$~
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~
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( 154 )#%Net change in total reserve%%%%%%%%% %
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&discount (b)& $( 170 )& $( 275 )& $( 445 )&~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019IAThe following table presents a rollforward of outstanding shares:,$Nine Months Ended September 30, 2019CommonTreasuryCommon Stock Stock Issued
Stock Outstanding!
Shares, beginning of year
_iA
( 1,040,062,063 )
A
Shares issued~
~
~
Shares repurchased~
~
~
Shares, end of period
_iA
( 1,036,722,246 )
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents declaration date, record date, payment date and dividends paid per shaDividends Paid Declaration Date Record Date Payment Date Per Common Share
August 7, 2019
September 17, 2019
September 30, 2019
{Gz?May 6, 2019
June 14, 2019
June 28, 2019{Gz?February 13, 2019March 15, 2019March 29, 2019{Gz?
August 2, 2018
September 17, 2018
September 28, 2018
{Gz?May 2, 2018
June 14, 2018
June 28, 2018{Gz?February 8, 2018March 15, 2018March 29, 2018{Gz?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.3':Sdwk_7=PF0*8X>
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1) The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
CERTIFICATIONCERTIFICATION (1)U }1}$ } }$ }
( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents repurchases of AIG Common Stock and warrants to purchase shares of AIG'Nine Months Ended September 30,
(in millions) ~
~

%Aggregate repurchases of common stock
$~
1)Total number of common shares repurchased~
~
J)!Aggregate repurchases of warrants
$~
.
&Total number of warrants repurchased *
~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*#h3'gh=PF0*8X>
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019d\The following table presents a rollforward of Accumulated other comprehensive income (loss):Unrealized Appreciation
Fair Value of (Depreciation) of Fixed
Unrealized
Liabilities Under
Maturity Securities on
Appreciation
Foreign
Retirement
Fair Value Option
Which OtherThan(Depreciation)CurrencyPlan
Attributable toTemporary Creditof All OtherTranslationLiabilities
Changes in
(in millions)
Impairments Were Taken
Investments
Adjustments
Adjustment
Own Credit Risk
Total*"Balance, June 30, 2019, net of tax~
B~
}$( 2,692 )$( 1,079 )~
"~
M80Change in unrealized appreciation (depreciation)
ofinvestments( 9 )~
D~
~
~
~
fD%Change in deferred policy acquisition
costsadjustment and other~
.( 522 )~
~
~
( 511 )( Change in future policy benefits~
( 3,042 )~
~
~
( 3,042 ).&Change in foreign currency translation~
~
( 24 )~
~
( 24 )adjustments$Change in net actuarial loss~
~
~
~
6 ~
~
6&Change in prior service credit~
~
~
( 1 ) ~
( 1 )( Change in deferred tax liability( 4 )( 166 )( 10 )( 5 ) ~
( 185 )1)Change in fair value of liabilities under
fair value4,option attributable to changes in own credit~
~
~
~
~
~
risk/'Total other comprehensive income (loss)( 2 )~
B
( 34 )~
~
~
D l:."Vs!HpI3_
!
"
#
$
%
&
'
(
)
*
+
,

.
/
0
1
2
3
4
5
6
7
8
9
Noncontrolling interests ~
~
( 1 ) ~
~
~
/!'Balance, September 30, 2019, net of tax~
!:~
!!$( 2,725 )!$( 1,072 )~
! &~
!W"""""""""" "
"".#&Balance, December 31, 2018, net of tax#$( 38 )~
#%#$( 2,725 )#$( 1,086 )~
# *#$( 1,413 )8$0Change in unrealized appreciation of investments$~
$$~
$z$~
$$~
$$ ~
$
$~
$%%Change in deferred policy acquisition%%%%%%%%% %
%%
&costs'adjustment and other''( 3 )''
( 2,246 )'~
''~
'' ~
'
''
( 2,249 )(( Change in future policy benefits(~
(((
( 5,291 )(~
((~
(( ~
(
((
( 5,291 ).)&Change in foreign currency translation)~
))~
))~
)~)~
)) ~
)
)~
)~*adjustments$+Change in net actuarial loss+~
++~
++~
++~
+v+ ~
+
+~
+v&,Change in prior service credit,~
,,~
,,~
,,,( 2 ), ~
,
,,( 2 )( Change in deferred tax liability( 176 )
( 1,447 )( 30 )( 13 ) ~


( 1,666 )1.)Change in fair value of liabilities under......... .
../
fair value40,option attributable to changes in own credit0~
00~
00~
00~
00 0
( 1 )00( 1 )1risk/2'Total other comprehensive income (loss)2~
22~
2b2~
22~
2:2 2
( 1 )2~
2"n 3Noncontrolling interests3~
33~
3N3~
33~
33 ~
3
3~
3R/4'Balance, September 30, 2019, net of tax~
4:~
44$( 2,725 )4$( 1,072 )~
4 &~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019TLNotes to Condensed Consolidated Financial Statements (unaudited) 12. EquityUnrealized Appreciation
Fair Value of (Depreciation) of Fixed
Unrealized
Liabilities Under
Maturity Securities on
Appreciation
Foreign
Retirement
Fair Value Option
Which OtherThan(Depreciation)CurrencyPlan
Attributable toTemporary Creditof All OtherTranslationLiabilities
Changes in
(in millions)
Impairments Were Taken
Investments
Adjustments
Adjustment
Own Credit Risk
Total*"Balance, June 30, 2018, net of tax $( 234 )~
=$( 2,426 )$( 1,062 )~
"~
1)Cumulative effect of change in accounting
principles~
~
~
~
~
~
80Change in unrealized appreciation (depreciation)
ofinvestments~
z
( 1,301 )~
~
~
( 951 )%Change in deferred policy acquisition
costsadjustment and other( 205 )~
b~
~
~
~
.( Change in future policy benefits~
~
R~
~
~
~
R.&Change in foreign currency translation~
~
( 131 )~
~
( 131 )adjustments$Change in net actuarial loss~
~
~
~
B ~
~
B$Change in prior service cost~
~
~
~
~
~
0(Change in deferred tax asset (liability)( 38 )( 13 )~
( 2 ) ~
( 51 )1)Change in fair value of liabilities under
fair value4,option attributable to changes in own credit~
~
~
~
~
~
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risk/!'Total other comprehensive income (loss)!~
!!!( 758 )!!( 129 )!~
!:! ~
!
!!( 766 ) "Noncontrolling interests"~
""~
""~
""~
"" ~
"
"~
"/#'Balance, September 30, 2018, net of tax# $( 127 )~
#1#$( 2,555 )#$( 1,048 )~
# "# $( 536 )$$$$$$$$$$ $
$$.%&Balance, December 31, 2017, net of tax~
%f~
%6x%$( 2,090 )% $( 931 )
% $~
%fU1&)Cumulative effect of change in accounting&&&&&&&&& &
&&'
principles'~
'''( 285 )''( 284 )''( 183 )' ~
'
''( 576 )8(0Change in unrealized depreciation of investments((
( 1,258 )((
( 7,659 )(~
((~
(( ~
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*costs+adjustment and other++( 91 )+~
++~
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,~
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( 154 )~
 ~

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00~
00~
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00( 2 )01(Change in deferred tax asset (liability)1~
11~
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1:1 ~
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1.12)Change in fair value of liabilities under222222222 2
223
fair value44,option attributable to changes in own credit4~
44~
44~
44~
44 ~
4
4~
45risk/6'Total other comprehensive income (loss)66
( 1,089 )66
( 4,222 )66( 181 )6~
6
6 ~
6
66
( 5,425 ) 7Noncontrolling interests7~
77~
77~
77~
77 ~
7
7~
7/8'Balance, September 30, 2018, net of tax8 $( 127 )~
818$( 2,555 )8$( 1,048 )~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the other comprehensive income reclassification adjustments for the thUnrealized Appreciation
(Depreciation) of Fixed
Fair Value of
Maturity Investments
Unrealized
Liabilities Under
on Which OtherThanAppreciationForeign
Retirement
Fair Value OptionTemporary Credit(Depreciation)CurrencyPlan
Attributable to
Impairments Were
of All Other
Translation
Liabilities
Changes in
(in millions)
RecognizedInvestmentsAdjustments
Adjustment
Own Credit Risk
Total%Three Months Ended September 30, 2019
/'Unrealized change arising during period~
~
$( 24 )~
~
~
*"Less: Reclassification adjustments
included in net income~
~
~
( 9 ) ~
~
0(Total other comprehensive income (loss),
!before income tax expense~
~
( 24 )~
2 ~
~
Less: Income tax expense~
~
~
*~
~
~
0(Total other comprehensive income (loss),
!net of income tax expense$( 2 )~
B
$( 34 )~
~
~
%Three Months Ended September 30, 2018
/'Unrealized change arising during period~
J $( 705 ) $( 131 )~
$ $( 683 )*"Less: Reclassification adjustments
included in net income~
~
~
( 9 ) ~
~
0(Total other comprehensive income (loss),
+#before income tax expense (benefit)~
F( 745 )( 131 )~
B ~
( 715 )*"Less: Income tax expense (benefit)~
~
6( 2 )~
~
~
0(Total other comprehensive income (loss),
Dl3'\F_SG>"^
!
"
#
$
%
&
'
(
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*
+
,

.
/
0
1
2
3
4
5
6
7
+ #net of income tax expense (benefit)~
$( 758 ) $( 129 )~
:
$ $( 766 ),!$Nine Months Ended September 30, 2019!!!!!!!!! !
!!/"'Unrealized change arising during period~
"~
"{~
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$0%(Total other comprehensive income (loss),%%%%%%%%% %
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**/+'Unrealized change arising during period+$( 1,344 )+$( 5,055 )+ $( 154 )~
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,,included in net income~
~
N~
( 26 ) ~

( 2 )0.(Total other comprehensive income (loss),......... .
..+/#before income tax expense (benefit)//
( 1,349 )//
( 5,074 )//( 154 )/~
// ~
/
//
( 6,524 )*0"Less: Income tax expense (benefit)00( 260 )00( 852 )0~
0n00( 14 )0 ~
0
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( 1,099 )01(Total other comprehensive income (loss),111111111 1
11+2#net of income tax expense (benefit)2$( 1,089 )2$( 4,222 )2 $( 181 )~
2
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the effect of the reclassification of significant items out of Accumul,$Amount Reclassified from Accumulated80Affected Line Item in the Condensed Consolidated " Other Comprehensive Income Statements of Income
(
Three Months Ended September 30,
(in millions)~
~
.&Unrealized appreciation (depreciation)B
:of fixed maturity securities on which otherthantemporary%credit impairments were takenInvestments~
~
$Other realized capital gains
Total~
~
.&Unrealized appreciation (depreciation) of all other investmentsInvestments~
~
*$Other realized capital gains%Deferred acquisition costs adjustment~
~
z3+Amortization of deferred policy acquisition
costsFuture policy benefits~
~
1)Policyholder benefits and losses incurred
Total~
~
%Change in retirement plan liabilities
adjustmentPriorservice credit~
~
*Actuarial losses( 9 )( 9 ) *
Total( 9 )( 9 ).&Total reclassifications for the period~
~
,$Amount Reclassified from Accumulated80Affected Line Item in the Condensed Consolidated"Other Comprehensive IncomeStatements of IncomeD%l3'E
:kw*jJD. % ! " # $ % & ' ( ) * + ,  . / 0 1 2 3 4 5 6 7 8 ' Nine Months Ended September 30,!
(in millions)!~
!~
!."&Unrealized appreciation (depreciation)""""""""B#:of fixed maturity securities on which otherthantemporary%$credit impairments were taken$$$$$$$$%Investments%%$( 3 )~
%%%$%Other realized capital gains
&Total&&&( 3 )&~
&&&&.'&Unrealized appreciation (depreciation)'''''''' (of all other investments)Investments))~
))~
)N))$)Other realized capital gains*%Deferred acquisition costs adjustment**~
**~
***3*+Amortization of deferred policy acquisition++++++++
+costs,Future policy benefits,,~
,,~
,,,1,)Policyholder benefits and losses incurred
Total~
~
N.%Change in retirement plan liabilities......../
adjustment0Priorservice credit00~
00~
000 0*1Actuarial losses111( 24 )11( 27 )11 1*
2Total222( 24 )22( 26 )222.3&Total reclassifications for the period3~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019NFThe following table presents the computation of basic and diluted EPS:Three Months EndedNine Months Ended
September 30,
September 30,/
'(dollars in millions, except per common
~
~
~
~
share data)Numerator for EPS: 0
(Income (loss) from continuing operations~
6
$( 1,220 )
~
3~
V
3+Less: Net income from continuing operations~
~
~
~
0(attributable to noncontrolling interests'Less: Preferred stock dividends~
"~
~
>~
0(Income (loss) attributable to AIG common shareholders"from continuing operations~
"
( 1,220 )~
%~
B
.&Loss from discontinued operations, net~
( 39 )( 1 ) ( 40 )of income tax expense4,Net income (loss) attributable to AIG common~
"
$( 1,259 )~
%~
shareholdersDenominator for EPS: 2*Weighted average common shares outstanding+
#AwAYA VA basicDilutive common shares~
{~
~
bޜ~
*u2*Weighted average common shares outstandingAwApA RA diluted (a)(b)3+Income (loss) per common share attributable
to AIG commonD
lPD8,GH:6#
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$( 1.37 )""Q@"
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#$#
$( 0.04 )#
#$#
$( 0.04 )0$(Income (loss) attributable to AIG common$Gz?$
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents the components of net periodic benefit cost (credit) with respect to pPensionPostretirement U.S. NonU.S. U.S.
NonU.S.
(in millions)
Plans
Plans
Total
Plans
Plans
Total%Three Months Ended September 30, 2019
0(Components of net periodic benefit cost:
Service cost~
~
~
"
$
$
$
Interest cost~
~
~
~
~
~
!Expected return on assets( 58 )( 5 )( 63 )~
~
~
*"Amortization of prior service cost~
~
~
~
~
~
Amortization of net loss~
&~
~
*~
~
~
*"Net periodic benefit cost (credit)( 3 )~
~
~
~
~
Settlement charges~
~
~
~
~
~
!Net benefit cost (credit)$( 3 )~
~
~
$~
%Three Months Ended September 30, 2018
0(Components of net periodic benefit cost:
Service cost
$~
~
$
$
$
Interest cost~
~
~
~
~
~
!Expected return on assets( 72 )( 6 )( 78 )~
~
~
*"Amortization of prior service cost~
~
~
~
~
~
Amortization of net loss~
~
~
&~
~
~
*"Net periodic benefit cost (credit)( 24 )~
( 18 )~
~
~
Settlement charges~
~
~
~
~
~
!Net benefit cost (credit)$( 24 )~
$( 18 )~
~
~
,$Nine Months Ended September 30, 2019
Dl3'
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D 3g !"#$%&'()*+,./012345670 (Components of net periodic benefit cost:
!Service cost~
!~
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!^!~
!
!
$~
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Interest cost"~
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~
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!#Expected return on assets##( 172 )##( 16 )##( 188 )##~
# #
~
##~
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$ $
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%f%~
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%v%%% ( 1 )%
~
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( 1 )*&"Net periodic benefit cost (credit)&&( 9 )&~
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0*(Components of net periodic benefit cost:********* *
***
+Service cost~
+~
+F~
+V+~
+~
+
~
+
,
Interest cost,~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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(in millions)(As Guarantor)Ltd.
AIGLHSubsidiaries
EliminationsAIGSeptember 30, 2019
Assets:
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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11/01/20194,Condensed Consolidating Statements of IncomeAmerican
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Group, Inc.
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Other
and
Consolidated
(in millions)(As Guarantor)Ltd.
AIGLHSubsidiaries
EliminationsAIG%Three Months Ended September 30, 2019
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and
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019B:Condensed Consolidating Statements of Comprehensive IncomeAmerican
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AIG%Three Months Ended September 30, 2019
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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Group, Inc.
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(in millions)(As Guarantor)Ltd.
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EliminationsAIG,$Nine Months Ended September 30, 2019
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019jbAmerican International Group, Inc. (As Guarantor) Supplementary Disclosure of NonCash Activities:'Nine Months Ended September 30,
(in millions) ~
~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group In!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019Dividends DeclaredINDEX TO ITEM 2 Page
Use of NonGAAP Measures
~
&%Critical Accounting Estimates~
.Executive Summary~
.
Overview
~
.%Financial Performance Summary~
6%AIG's Outlook  Industry and Economic~
JFactors*"Consolidated Results of Operations~
Z#Business Segment Operations~
rGeneral Insurance~
vLife and Retirement~
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0(Investment Highlights in the Nine Months~
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"Insurance Reserves~
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!b"Overview"~
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+",Financial Strength Ratings,~
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.'/Repurchases of AIG Common Stock/~
/30+Restrictions on Dividends from Subsidiaries0~
0"1Enterprise Risk Management1~
12Overview2~
23Regulatory Environment3~
34Overview4~
45Glossary5~
56Acronyms6~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents fixed annuity and universal life account values of our Individual RetiCurrent Crediting Rates September 30, 2019
150 Basis More than 50 &
Contractual Minimum Guaranteed
At Contractual
Points Above
Basis Points
Interest RateMinimumMinimum
Above Minimum
(in millions) Guarantee Guarantee Guarantee
Total
Individual Retirement *
~
?~
z0~
BH~
ҷ > 1%  2%~
W~
~
N~
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Ҹ~
~
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ʽ > 3%  4%~
J~
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~
> 4%  5%~
*~
~
~
: > 5%  5.5%~
~
~
~
#Total Individual Retirement~
~~
6~
f~
Group Retirement *
1%~
b~
V(~
NC~
> 1%  2%~
S~
~
2
~
l > 2%  3%~
~
~
~
> 3%  4%~
~
~
~
> 4%  5%~
n~
~
~
n > 5%  5.5%~
~
~
~
Total Group Retirement~
V~
6~
~M~
U Universal life insurance
1%
$
$
$
$ > 1%  2%~
r~
b~
~
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!
"
#
$
%
&
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> ~
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##~
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#># &$Total universal life insurance~
$M~
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$B~
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%Z~
%b~
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%VV% &Percentage of total&~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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September 30,
Percentage
September 30,
Percentage
Rate for 1 USD
~
~
Change
~
~
Change
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents our consolidated results of operations and other key financial metricsThree Months Ended Nine Months Ended
September 30,
Percentage
September 30,
Percentage
(in millions)
~
~
Change
~
~
Change
Revenues:
Premiums~
w~
w~
%~
6i~
Z
~
%
Policy fees
~
v
~
J
~
~
"
~
&
~
&
Net investment income~
B5~
5~
~
b~
~
6+#Net realized capital gains (losses)~
~
NM ~
~
N
NMOther income~
~
N~
R ~
J
~
~
BTotal revenues~
~
z~
2 ~
P~
6
~
&&Benefits, losses and expenses:
1)Policyholder benefits and losses incurred~
k~
~
~
.~
r0
~
1)Interest credited to policyholder account~
~
~
~
,~
+
~
balances3+Amortization of deferred policy acquisition~
~
z~
2 ~
2>~
;
~
costs,$General operating and other expenses~
."~
V$~
~
c~
l
~
Interest expense~
r~
~
~
~
~
F&Loss on extinguishment of debt~
~
NM ~
6~
*
~
z6.Net (gain) loss on sale of divested businesses~
&~
NM ~
~
v
NM+#Total benefits, losses and expenses~
~
V~
~
B~
V
~
0(Income (loss) from continuing operations
before$income tax expense (benefit)~
~
&
NM ~
nB~
~
nDl3't$~%GR]IRAQu !"#$%&'()*+,./$ Income tax expense (benefit) ~
~ ~
6
NM ~
~
~
0!(Income (loss) from continuing operations!~
!6!~
!!
!NM!!! ~
!
3!~
!V
!
~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents our consolidated results of operations and other key financial metrics
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December 31,
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~
B
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Total AIG shareholders? equity
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (5) The following table presen (6)!Consolidated Results of Operati!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents a reconciliation of Book value per common share to Book value per comm
September 30, December 31,3 +(in millions, except per common share data) ~
~
&
Total AIG shareholders' equity
~
~
pPreferred equity~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents a reconciliation of Return on common equity to Adjusted return on commThree Months EndedNine Months Ended
Year Ended
September 30,
September 30,
December 31,
(dollars in millions)
~
~
~
~
~
.&Actual or annualized net income (loss)
attributable to AIG
common shareholders~
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income attributable"to AIG common shareholders~
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CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019kcThe following table presents a reconciliation of pretax income/net income (loss) attributable to A( Three Months Ended September 30,~
~
Total Tax
Total Tax
(Benefit)
Noncontrolling
After
(Benefit)
Noncontrolling
After3+(in millions, except per common share data)PretaxCharge
Interests (b)Tax
Pretax
Charge InterestsTax0(Pretax income (loss)/net income (loss),
including noncontrolling interests~
~
~
$~
6 ~
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.1)Changes in benefit reserves and DAC, VOBA
and1)SIA related to net realized capital gains~
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FORM 10QFORM 10Q (1)!Registrant s telephone number i!Registrant s telephone numb (1)Table of ContentsPart I Financial InformationPart I Financial Informa (1)Part I Financial Informa (2)Part I Financial Informa (3)Part I Financial Informa (4)!See accompanying Notes to Conde!Supplementary Disclosure of Con!Noncash investingfinancing acti!The following table presents AI!Notes to Condensed Consolidated!The following unaudited summari!The following table presents in!Notes to Condensed Consolid (1)!The following tables present ch!Notes to Condensed Consolid (2)!Notes to Condensed Consolid (3)!Notes to Condensed Consolid (4)!Net realized and unrealized gai!The following table presents th!Notes to Condensed Consolid (5)!The table below presents inform!Notes to Condensed Consolid (6)!The following table includes in!The following table present (1)!The following table present (2)!The following table presents as!The following table present (3)!The following table present (4)!The following table summarizes !The following table present (5)!The following table present (6)!The following table present (7) The following table summar (1)!The following table present (8)!The following table present (9)!The following table presen (10) The following table summar (2)!The following table presents a !The following tables present in!Notes to Condensed Consolid (7)!The following table presents ac!The following table presen (11)!The following table presen (12)!The following table presen (13)!The following table present (1)!The following table presen (14)!The following table presents de!The following table presen (15)!The following table presen (16) The following table presen (1)!The following table presen (17)!The following table presents to!The following table presen (18)!The following table presen (19)!The following table presen (20)!The following table presen (21)!The following table presen (22)!The following tables present th The following table presen (2)!The following table present (1)!The following table presents re The following table presen (3)!Notes to Condensed Consolid (8)!The following table presen (23)!The following table presen (24)!The following table presen (25)!The following table presen (26)!Condensed Consolidating Balance!Condensed Consolidating Stateme!Notes to Condensed Consolid (9)!Condensed Consolidating Sta (1)!Condensed Consolidating Sta (2)!Supplementary Disclosure of (1)!American International Group InDividends Declared!The following table presents fi!General Insurance businesses ar!The following table presents ou!The following table present (1) The following table presen (4) The following table presen (5) The following table presen (6)!Consolidated Results of Ope (1) The following table summar (3)General INSURANCE RESULTS!Accident year combined ratio as!The following table presents Ge
CatastrophesbNorth america Results!Accident year combined rati (1)International Results!Accident year combined rati (2)life and retirement RESULTSIndividual Retirement Results The following table presen (7)!The following table presents su!The following table present (1)Group Retirement Results The following table presen (8)!The following table presents Gr!The following table present (2)Life Insurance Results The following table presen (9)Institutional markets Results The following table prese (10)!The following table presents OtLEGACY PORTFOLIO RESULTS!The following table presen (27)!The following table presen (28)!The following table presen (29)!The following table presen (30)!The following table presen (31)!The following table presen (32)!The following table presen (33)!The following table presen (34)!The following table present (1)!The following table present (2)!The following table present (3)!The following table presen (35)Total!The following table presents im!Otherthantemporary impairment c!The following table shows the a!The following table presen (36)!The following table presen (37) The following table summar (4)!The following tables summarize Insurance Reserves!Total prior year favorable unfa!The table below shows the calcu!The following table presen (38)!The following table presen (39)!The following table presen (40) The following table prese (11)!The following table presen (41) The following table summar (5) The following table prese (12) Insurance Reserves (1)!Insurance reserves of Life and !The following table presents se The following table prese (13)!The following table present (2) The following table summar (6) The following table summar (7)!The following table provides th The following table summar (8)!The following table presents ma!Credit ratings estimate a compa!Financial Strength ratings esti
Acronyms
SignaturesCERTIFICATIONSCERTIFICATIONS (1)
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( AMERICAN INTERNATIONAL GROUP INC10Q
11/01/2019*"Consolidated Results of Operations'Nine Months Ended September 30,~
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Total Tax
Total Tax
(Benefit)
Noncontrolling
After
(Benefit)
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other tax adjustments/'Deferred income tax valuation allowance~
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