2014 Q4 Form 10-K Financial Statement

#000000527216000035 Filed on February 19, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $15.41B $16.70B $16.14B
YoY Change -11.16% 4.72% -12.43%
Cost Of Revenue $7.203B $6.771B
YoY Change -2.87% -16.3%
Gross Profit $9.494B $9.365B
YoY Change 11.33% -9.39%
Gross Profit Margin 56.86% 58.04%
Selling, General & Admin $3.374B $3.151B $2.213B
YoY Change -34.35% 39.98% -1.43%
% of Gross Profit 33.19% 23.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.076B $1.288B $1.396B
YoY Change -6.84% 5.57% 3.18%
% of Gross Profit 13.57% 14.91%
Operating Expenses $13.19B $3.151B $2.213B
YoY Change -10.16% 39.98% -1.43%
Operating Profit $6.343B $7.152B
YoY Change 1.05% -11.61%
Interest Expense -$346.0M $430.0M $463.0M
YoY Change -32.68% -16.67% -13.46%
% of Operating Profit 6.78% 6.47%
Other Income/Expense, Net $991.0M $1.470B
YoY Change -20.02% 65.54%
Pretax Income $729.0M $3.019B $4.480B
YoY Change -66.09% 156.28% 41.55%
Income Tax $19.00M $820.0M $1.474B
% Of Pretax Income 2.61% 27.16% 32.9%
Net Earnings $655.0M $2.192B $3.073B
YoY Change -66.89% 1.01% 12.52%
Net Earnings / Revenue 4.25% 13.13% 19.04%
Basic Earnings Per Share $1.54 $2.13
Diluted Earnings Per Share $459.6K $1.52 $2.10
COMMON SHARES
Basic Shares Outstanding 1.392B shares 1.419B shares 1.442B shares
Diluted Shares Outstanding 1.412B shares 1.442B shares 1.465B shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.700B
YoY Change 16.63%
Goodwill $1.454B
YoY Change -1.42%
Intangibles
YoY Change
Long-Term Investments $355.8B $366.4B $370.0B
YoY Change -0.19% 2.27% 3.29%
Other Assets $21.36B $20.84B $19.91B
YoY Change -58.49% -60.44% -61.81%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $515.6B $527.2B $529.1B
YoY Change -4.76% -2.51% -1.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $31.22B $36.22B $38.41B
YoY Change -25.13% -14.23% -9.86%
Other Long-Term Liabilities $26.44B $30.91B $32.03B
YoY Change -52.96% -48.08% -47.08%
Total Long-Term Liabilities $57.66B $67.14B $70.44B
YoY Change -41.11% -34.03% -31.7%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $57.66B $67.14B $70.44B
Total Liabilities $408.3B $418.2B $420.5B
YoY Change -7.25% -5.22% -4.42%
SHAREHOLDERS EQUITY
Retained Earnings $29.78B $29.30B $27.29B
YoY Change 29.65% 38.63%
Common Stock $85.72B $85.67B $85.73B
YoY Change 0.07% 0.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.22B $17.72B $16.37B
YoY Change 32.36% 25.54%
Treasury Stock Shares 530.7M shares 502.9M shares 478.1M shares
Shareholders Equity $106.9B $108.6B $108.2B
YoY Change
Total Liabilities & Shareholders Equity $515.6B $527.2B $529.1B
YoY Change -4.76% -2.51% -1.55%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $655.0M $2.192B $3.073B
YoY Change -66.89% 1.01% 12.52%
Depreciation, Depletion And Amortization $1.076B $1.288B $1.396B
YoY Change -6.84% 5.57% 3.18%
Cash From Operating Activities $650.0M $2.716B $963.0M
YoY Change -65.81% 19.38% -46.47%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $9.417B $1.205B -$121.0M
YoY Change 1520.83% 169.57% -105.74%
Cash From Investing Activities $9.417B $1.205B -$121.0M
YoY Change 1520.83% 169.57% -105.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.19B -3.799B -1.513B
YoY Change 345.63% 57.18% -54.66%
NET CHANGE
Cash From Operating Activities 650.0M 2.716B 963.0M
Cash From Investing Activities 9.417B 1.205B -121.0M
Cash From Financing Activities -10.19B -3.799B -1.513B
Net Change In Cash -120.0M 122.0M -671.0M
YoY Change -161.22% -60.0% -217.93%
FREE CASH FLOW
Cash From Operating Activities $650.0M $2.716B $963.0M
Capital Expenditures
Free Cash Flow
YoY Change

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P2Y1M28D
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<div><p style='text-align:left;margin-top:24pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10.5pt;font-weight:bold;margin-left:0pt;color:#005984;' >8. DEFERRED POLICY ACQUISITION COSTS</font></p><p style='text-align:left;line-height:3pt;' ></p><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;margin-left:0pt;' >Deferred p</font><font style='font-family:Arial;font-size:9.5pt;' >olicy acquisition costs </font><font style='font-family:Arial;font-size:9.5pt;' >(DAC) </font><font style='font-family:Arial;font-size:9.5pt;' >represent those costs</font><font style='font-family:Arial;font-size:9.5pt;' > that are incremental and directly related to the successful acquisition of new or renewal of existing insurance contracts. We defer incremental costs that result directly from, and are essential to, the acquisition or renewal of an insurance contract. S</font><font style='font-family:Arial;font-size:9.5pt;' >uch deferred policy acquisition costs generally include agent or broker commissions and bonuses, premium taxes, and medical and inspection fees that would not have been incurred if the insurance contract had not been acquired or renewed. Each cost is analy</font><font style='font-family:Arial;font-size:9.5pt;' >zed to assess whether it is fully deferrable. We partially defer costs, including certain commissions, when we do not believe that the entire cost is directly related to the acquisition or renewal of insurance contracts.</font></p><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;margin-left:0pt;' >We also defer a portion of employe</font><font style='font-family:Arial;font-size:9.5pt;' >e total compensation and payroll-related fringe benefits directly related to time spent performing specific acquisition or renewal activities, including costs associated with the time spent on underwriting, policy issuance and processing, and sales force c</font><font style='font-family:Arial;font-size:9.5pt;' >ontract selling. The amounts deferred are derived based on successful efforts for each distribution channel and/or cost center from which the cost originates.</font></p><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;font-weight:bold;margin-left:0pt;color:#005984;' >Short-duration insurance contracts:</font><font style='font-family:Arial;font-size:9.5pt;' > Policy acquisition costs are deferred and amortized over the</font><font style='font-family:Arial;font-size:9.5pt;' > period in which the related premiums written are earned</font><font style='font-family:Arial;font-size:9.5pt;' >, generally </font><font style='font-family:Arial;font-size:9.5pt;' >12</font><font style='font-family:Arial;font-size:9.5pt;' > months</font><font style='font-family:Arial;font-size:9.5pt;' >. DAC is grouped consistent with the manner in which the insurance contracts are acquired, serviced and measured for profitability and is reviewed for recov</font><font style='font-family:Arial;font-size:9.5pt;' >erability based on the profitability of the underlying insurance co</font><font style='font-family:Arial;font-size:9.5pt;' >ntracts. Investment income is</font><font style='font-family:Arial;font-size:9.5pt;' > anticipated in assessing the recoverability of DAC. </font><font style='font-family:Arial;font-size:9.5pt;' >We</font><font style='font-family:Arial;font-size:9.5pt;' > assess the recoverability of DAC on an annual basis or more frequently if circumstances indicate </font><font style='font-family:Arial;font-size:9.5pt;' >an </font><font style='font-family:Arial;font-size:9.5pt;' >impa</font><font style='font-family:Arial;font-size:9.5pt;' >irment may have occurred. This assessment is performed by comparing recorded </font><font style='font-family:Arial;font-size:9.5pt;' >net </font><font style='font-family:Arial;font-size:9.5pt;' >unearned premiums</font><font style='font-family:Arial;font-size:9.5pt;' > and anticipated investment income on in-force business to the sum of expected losses and loss adjustment expenses incurred</font><font style='font-family:Arial;font-size:9.5pt;' >, unamortized DAC and maintenance c</font><font style='font-family:Arial;font-size:9.5pt;' >osts. If the sum of these costs exceeds the amount of recorded </font><font style='font-family:Arial;font-size:9.5pt;' >net </font><font style='font-family:Arial;font-size:9.5pt;' >unearned premiums</font><font style='font-family:Arial;font-size:9.5pt;' > and anticipated investment income</font><font style='font-family:Arial;font-size:9.5pt;' >, the excess is recognized as an offset against the asset established for DAC. This offset is referred to as a premium deficiency charge. </font><font style='font-family:Arial;font-size:9.5pt;' >Increases in expected </font><font style='font-family:Arial;font-size:9.5pt;' >losses and loss adjustment</font><font style='font-family:Arial;font-size:9.5pt;' > expenses</font><font style='font-family:Arial;font-size:9.5pt;' > incurred</font><font style='font-family:Arial;font-size:9.5pt;' > can have a significant impact on the likelihood and amount of a premium deficiency charge.</font></p><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;font-weight:bold;margin-left:0pt;color:#005984;' >Long-duration insurance contracts:</font><font style='font-family:Arial;font-size:9.5pt;color:#005984;' > </font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >Policy acquisition costs for participating life, traditional l</font><font style='font-family:Arial;font-size:9.5pt;' >ife and accident and health insurance products are generally deferred and amortized, with interest, over the premium paying period. </font><font style='font-family:Arial;font-size:9.5pt;' >The assumptions used to calculate the benefit liabilities and DAC for these traditional products are set when a policy is is</font><font style='font-family:Arial;font-size:9.5pt;' >sued and do not change with changes in actual experience, unless a loss recognition event occurs. These &#8220;locked-in&#8221; assumptions include mortality, </font><font style='font-family:Arial;font-size:9.5pt;' >morbidity, persistency, maintenance expenses and investment returns, and include margins for adverse deviatio</font><font style='font-family:Arial;font-size:9.5pt;' >n to reflect uncertainty given that actual experience might deviate from these assumptions. A loss recognition event occurs when there is a shortfall between the carrying amount</font><font style='font-family:Arial;font-size:9.5pt;' > of future policy benefit liabilities</font><font style='font-family:Arial;font-size:9.5pt;' >,</font><font style='font-family:Arial;font-size:9.5pt;' > net of DAC</font><font style='font-family:Arial;font-size:9.5pt;' >,</font><font style='font-family:Arial;font-size:9.5pt;' > and </font><font style='font-family:Arial;font-size:9.5pt;' >what </font><font style='font-family:Arial;font-size:9.5pt;' >the future policy benef</font><font style='font-family:Arial;font-size:9.5pt;' >it liabilities</font><font style='font-family:Arial;font-size:9.5pt;' >,</font><font style='font-family:Arial;font-size:9.5pt;' > net of DAC</font><font style='font-family:Arial;font-size:9.5pt;' >,</font><font style='font-family:Arial;font-size:9.5pt;' > would be when applying updated current assumptions. When we determine a loss recognition event has occurred, we first reduce any DAC related to that block of business through amortization of acquisition expense, and after DAC is</font><font style='font-family:Arial;font-size:9.5pt;' > depleted, we record additional liabilities through a charge to Policyholder benefits and losses incurred. Groupings for loss recognition testing are consistent with our manner of acquiring, servicing and measuring the profitability of the business and ap</font><font style='font-family:Arial;font-size:9.5pt;' >plied by product groupings. We perform separate loss recognition tests for traditional life products, payout annuities and long-term care products. Once loss recognition has been recorded for a block of business, the old assumption set is replaced and th</font><font style='font-family:Arial;font-size:9.5pt;' >e assumption set used for the loss recognition would then be subject to the lock-in principle.</font></p><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;font-weight:bold;margin-left:0pt;color:#005984;' >Investment-oriented contracts:</font><font style='font-family:Arial;font-size:9.5pt;color:#005984;' > </font><font style='font-family:Arial;font-size:9.5pt;' >Policy acquisition costs and policy issuance costs related to universal life and investment-type products (</font><font style='font-family:Arial;font-size:9.5pt;' >collectively, </font><font style='font-family:Arial;font-size:9.5pt;' >investment</font><font style='font-family:Arial;font-size:9.5pt;' >-</font><font style='font-family:Arial;font-size:9.5pt;' >oriented products) are deferred and amortized, with interest, in relation to the incidence of estimated gross profits to be realized over the estimated lives of the contracts. Estimated gross profits </font><font style='font-family:Arial;font-size:9.5pt;' >include</font><font style='font-family:Arial;font-size:9.5pt;' > net in</font><font style='font-family:Arial;font-size:9.5pt;' >vestment</font><font style='font-family:Arial;font-size:9.5pt;' > income</font><font style='font-family:Arial;font-size:9.5pt;' > and spreads</font><font style='font-family:Arial;font-size:9.5pt;' >, ne</font><font style='font-family:Arial;font-size:9.5pt;' >t realized investment gains and losses, fees, surrender charges, expenses, and mortality gains and losses.</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >In each reporting period, current period amortization expense is adjusted to reflect actual gross profits. </font><font style='font-family:Arial;font-size:9.5pt;' >If estimated gross profits change signific</font><font style='font-family:Arial;font-size:9.5pt;' >antly, DAC is recalculated using the new assumptions</font><font style='font-family:Arial;font-size:9.5pt;' >, and a</font><font style='font-family:Arial;font-size:9.5pt;' >ny resulting adjustment is included in income. </font><font style='font-family:Arial;font-size:9.5pt;' >If the new assumptions indicate that future estimated gross profits are higher than previously estimated, DAC will be increased resulting in a decreas</font><font style='font-family:Arial;font-size:9.5pt;' >e in amortization expense and increase in income in the current period; if future estimated gross profits are lower than previously estimated, DAC will be decreased resulting in an increase in amortization expense and decrease in income in the current peri</font><font style='font-family:Arial;font-size:9.5pt;' >od. </font><font style='font-family:Arial;font-size:9.5pt;' >Updating such assumptions may result in acceleration of amortization in some products and deceleration of amortization in other products.</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >DAC is grouped consistent with the manner in which the insurance contracts are acquired, serviced and measured for</font><font style='font-family:Arial;font-size:9.5pt;' > profitability and is reviewed for recoverability based on the current and projected future profitability of the underlying insurance contracts.</font></p><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;margin-left:0pt;' >To estimate future estimated gross profits</font><font style='font-family:Arial;font-size:9.5pt;' > for variable annuity products</font><font style='font-family:Arial;font-size:9.5pt;' >, a long-term annual asset growth assum</font><font style='font-family:Arial;font-size:9.5pt;' >ption is applied to determine the future growth in assets and related asset-based fees. In determining the asset growth rate, the effect of short-term fluctuations in the equity markets is partially mitigated through the use of a &#8220;reversion to the mean&#8221; m</font><font style='font-family:Arial;font-size:9.5pt;' >ethodology whereby short-term asset growth above or below long-term annual rate assumptions impact the growth assumption applied to the </font><font style='font-family:Arial;font-size:9.5pt;' >five-</font><font style='font-family:Arial;font-size:9.5pt;' >year period subsequent to the </font><font style='font-family:Arial;font-size:9.5pt;' >current </font><font style='font-family:Arial;font-size:9.5pt;' >balance sheet date. The reversion</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >to</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >the</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >mean methodology allows us to mainta</font><font style='font-family:Arial;font-size:9.5pt;' >in our long-term growth assumptions, while also giving consideration to the effect of actual investment performance. When actual performance significantly deviates from the annual long-term growth assumption</font><font style='font-family:Arial;font-size:9.5pt;' >,</font><font style='font-family:Arial;font-size:9.5pt;' > as evidenced by growth assumptions in the </font><font style='font-family:Arial;font-size:9.5pt;' >five</font><font style='font-family:Arial;font-size:9.5pt;' >-year reversion</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >to</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >the</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >mean period falling below a certain rate (floor) or above a certain rate (cap) for a sustain</font><font style='font-family:Arial;font-size:9.5pt;' >ed</font><font style='font-family:Arial;font-size:9.5pt;' > period, judgment may be applied to revise or &#8220;unlock&#8221; the growth rate assumptions </font><font style='font-family:Arial;font-size:9.5pt;' >to be used for </font><font style='font-family:Arial;font-size:9.5pt;' >both the </font><font style='font-family:Arial;font-size:9.5pt;' >five</font><font style='font-family:Arial;font-size:9.5pt;' >-year reversion</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >to</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >the</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >mean </font><font style='font-family:Arial;font-size:9.5pt;' >period as well as the </font><font style='font-family:Arial;font-size:9.5pt;' >long-term </font><font style='font-family:Arial;font-size:9.5pt;' >annual growth assumption applied to subsequent periods. </font></p><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;font-weight:bold;margin-left:0pt;color:#005984;' >Shadow DAC and Shadow Loss Recognition:</font><font style='font-family:Arial;font-size:9.5pt;' > DAC </font><font style='font-family:Arial;font-size:9.5pt;' >related to </font><font style='font-family:Arial;font-size:9.5pt;' >investment</font><font style='font-family:Arial;font-size:9.5pt;' >-</font><font style='font-family:Arial;font-size:9.5pt;' >oriented products is also adjusted to reflect the effect of unrealized gains or losses on fixed mat</font><font style='font-family:Arial;font-size:9.5pt;' >urity and equity securities available for sale on estimated gross profits, with related changes recognized through </font><font style='font-family:Arial;font-size:9.5pt;' >O</font><font style='font-family:Arial;font-size:9.5pt;' >ther comprehensive income (shadow DAC). The adjustment is made at each balance sheet date, as if the securities had been sold at their state</font><font style='font-family:Arial;font-size:9.5pt;' >d aggregate fair value and the proceeds reinvested at current yields. Similarly, for long-duration traditional insurance contracts, if the assets supporting the liabilities maintain a temporary net unrealized gain position at the balance sheet date, loss </font><font style='font-family:Arial;font-size:9.5pt;' >recognition testing assumptions are updated to exclude such gains from future cash flows by reflecting the impact of reinvestment rates on future yields. If a future loss is anticipated under this basis, any additional shortfall indicated by loss recognit</font><font style='font-family:Arial;font-size:9.5pt;' >ion tests is recognized as a reduction in accumulated other comprehensive income (shadow loss recognition). Similar to other loss recognition on long-duration insurance contracts, such shortfall is first reflected as a reduction in DAC and secondly as an </font><font style='font-family:Arial;font-size:9.5pt;' >increase in liabilities for future policy benefits. The change in these adjustments, net of tax, is included with the change in net unrealized appreciation of investments that is credited or charged directly to Other comprehensive income.</font></p><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;font-weight:bold;margin-left:0pt;color:#005984;' >Internal Replace</font><font style='font-family:Arial;font-size:9.5pt;font-weight:bold;color:#005984;' >ments of Long-duration and Investment-oriented Products:</font><font style='font-family:Arial;font-size:9.5pt;' >&#160; For some products, policyholders can elect to modify product benefits, features, rights or </font><font style='font-family:Arial;font-size:9.5pt;' >coverages</font><font style='font-family:Arial;font-size:9.5pt;' > by exchanging a contract for a new contract or by amendment, endorsement, or rider to a contract,</font><font style='font-family:Arial;font-size:9.5pt;' > or by the election of a feature or coverage within a contract. These transactions are known as internal replacements. &#160;&#160;If the modification does not substantially change the contract, we do not change the accounting and amortization of existing DAC and re</font><font style='font-family:Arial;font-size:9.5pt;' >lated actuarial balances.&#160; If an internal replacement represents a substantial change, the original contract is considered to be extinguished and any related DAC or other </font><font style='font-family:Arial;font-size:9.5pt;' >policy balances ar</font><font style='font-family:Arial;font-size:9.5pt;' >e charged or credited to income, and</font><font style='font-family:Arial;font-size:9.5pt;' > any new deferrable costs assoc</font><font style='font-family:Arial;font-size:9.5pt;' >iated with the replacement contract are deferred.</font></p><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;margin-left:0pt;' >Value of Business Acquired (VOBA</font><font style='font-family:Arial;font-size:9.5pt;' >)</font><font style='font-family:Arial;font-size:9.5pt;' > is determined at the time of acquisition and is reported in the Consolidated Balance Sheet</font><font style='font-family:Arial;font-size:9.5pt;' >s</font><font style='font-family:Arial;font-size:9.5pt;' > with DAC. This value is based on the present value of future pre-tax profits discounted at yields applicable at the time of purchase. For participating life, traditional life and accident and health insurance products, VOBA is amortized over the life of t</font><font style='font-family:Arial;font-size:9.5pt;' >he business </font><font style='font-family:Arial;font-size:9.5pt;' >in a manner </font><font style='font-family:Arial;font-size:9.5pt;' >similar to that for DAC based on the assumptions at purchase. For investment</font><font style='font-family:Arial;font-size:9.5pt;' >-</font><font style='font-family:Arial;font-size:9.5pt;' >oriented products, VOBA is amortized in relation to estimated gross profits </font><font style='font-family:Arial;font-size:9.5pt;' >and adjusted for the effect of unrealized gains or losses on fixed maturity and</font><font style='font-family:Arial;font-size:9.5pt;' > equity securities available for sale in a manner similar to DAC</font><font style='font-family:Arial;font-size:9.5pt;' >.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;margin-left:0pt;' > </font></p><p style='text-align:left;margin-top:12pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;font-weight:bold;margin-left:0pt;' >The following table presents a </font><font style='font-family:Arial;font-size:9.5pt;font-weight:bold;' >rollforward</font><font style='font-family:Arial;font-size:9.5pt;font-weight:bold;' > of DAC and VOBA:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:348.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >Years Ended December&#160;31,</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' > </font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' > </font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' > </font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:8pt;font-style:italic;color:#005984;' >(in millions)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >2015</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:center;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' >2014</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:center;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' >2013</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-top-style:solid;border-top-width:2;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-Life Insurance Companies:</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Balance, beginning of year</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >$</font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >2,551</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2,493</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2,342</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Acquisition costs deferred</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >4,537</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4,805</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4,803</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Amortization expense</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >(4,313)</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(4,599)</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(4,481)</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Other</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >(144)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(148)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(171)</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Balance, end of year</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >2,631</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2,551</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2,493</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-top-style:solid;border-top-width:2;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Life Insurance Companies:</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Balance, beginning of year</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >$</font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >7,258</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >6,920</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5,815</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Acquisition costs deferred</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >1,288</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >1,114</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >1,034</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Amortization expense</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >(916)</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(727)</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(674)</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Change in net unrealized gains (losses) on securities</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >848</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(360)</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >784</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Decrease due to foreign exchange</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >(34)</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(32)</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(39)</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Other</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >23</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >343</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, end of year</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >8,467</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >7,258</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >6,920</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Consolidation and eliminations</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >17</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >18</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >23</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total deferred policy acquisition costs</font><sup><font style='font-family:Arial;font-size:9pt;color:#000000;' >*</font></sup></td><td style='width:9pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >11,115</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >9,827</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >9,436</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-top-style:solid;border-top-width:2;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Supplemental Information:</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > VOBA amortization expense included in Life Insurance Companies DAC amortization</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >64</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >17</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >23</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > VOBA, end of year included in Life Insurance Companies DAC balance</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >453</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >510</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >373</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:3pt;margin-bottom:3pt;line-height:9.5pt;' ><font style='font-family:Arial;font-size:7.5pt;margin-left:0pt;' >*</font><font style='font-family:Arial;font-size:7.5pt;' > </font><font style='font-family:Arial;font-size:7.5pt;' >Net of reductions in DAC of </font><font style='font-family:Arial;font-size:7.5pt;' >$</font><font style='font-family:Arial;font-size:7.5pt;' >583</font><font style='font-family:Arial;font-size:7.5pt;' > </font><font style='font-family:Arial;font-size:7.5pt;' >m</font><font style='font-family:Arial;font-size:7.5pt;' >i</font><font style='font-family:Arial;font-size:7.5pt;' >llion, $</font><font style='font-family:Arial;font-size:7.5pt;' >1.4</font><font style='font-family:Arial;font-size:7.5pt;' > </font><font style='font-family:Arial;font-size:7.5pt;' >b</font><font style='font-family:Arial;font-size:7.5pt;' >illion, and $</font><font style='font-family:Arial;font-size:7.5pt;' >1.1</font><font style='font-family:Arial;font-size:7.5pt;' > billion for </font><font style='font-family:Arial;font-size:7.5pt;' >Life Insurance Companies</font><font style='font-family:Arial;font-size:7.5pt;' > at </font><font style='font-family:Arial;font-size:7.5pt;' >December 31,</font><font style='font-family:Arial;font-size:7.5pt;' > </font><font style='font-family:Arial;font-size:7.5pt;' >2015</font><font style='font-family:Arial;font-size:7.5pt;' >, </font><font style='font-family:Arial;font-size:7.5pt;' >2014</font><font style='font-family:Arial;font-size:7.5pt;' > and </font><font style='font-family:Arial;font-size:7.5pt;' >2013</font><font style='font-family:Arial;font-size:7.5pt;' >, </font><font style='font-family:Arial;font-size:7.5pt;' >respectively</font><font style='font-family:Arial;font-size:7.5pt;' >, related to the effect of net unrealized gains and losses on available for sale securities (shadow DAC).</font></p><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;margin-left:0pt;' >The percentage of the unamortized balance of VOBA at </font><font style='font-family:Arial;font-size:9.5pt;' >December 31,</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >2015</font><font style='font-family:Arial;font-size:9.5pt;' > expected to be amortized in 2016 through 2020 by ye</font><font style='font-family:Arial;font-size:9.5pt;' >ar is: </font><font style='font-family:Arial;font-size:9.5pt;' >8.4</font><font style='font-family:Arial;font-size:9.5pt;' >&#160;percent, </font><font style='font-family:Arial;font-size:9.5pt;' >7.6</font><font style='font-family:Arial;font-size:9.5pt;' >&#160;percent, </font><font style='font-family:Arial;font-size:9.5pt;' >7.1</font><font style='font-family:Arial;font-size:9.5pt;' >&#160;percent, </font><font style='font-family:Arial;font-size:9.5pt;' >6.9</font><font style='font-family:Arial;font-size:9.5pt;' >&#160;percent and </font><font style='font-family:Arial;font-size:9.5pt;' >6.5</font><font style='font-family:Arial;font-size:9.5pt;' >&#160;percent, respectively, with </font><font style='font-family:Arial;font-size:9.5pt;' >63.5</font><font style='font-family:Arial;font-size:9.5pt;' >&#160;pe</font><font style='font-family:Arial;font-size:9.5pt;' >rcent being amortized after five years. These projections are based on current estimates for investment income and spreads, persistency, mortality and morbidity assumptions.</font></p><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;margin-left:0pt;' >DAC, VOBA and SIA for insurance</font><font style='font-family:Arial;font-size:9.5pt;' >-oriented and investment</font><font style='font-family:Arial;font-size:9.5pt;' >-oriented products are revi</font><font style='font-family:Arial;font-size:9.5pt;' >ewed for recoverability, which involves estimating the future profitability of current business. This review involves significant management judgment. If actual future profitability is substantially lower than estimated, AIG&#8217;s DAC, VOBA and SIA may be subj</font><font style='font-family:Arial;font-size:9.5pt;' >ect to an impairment charge and AIG&#8217;s results of operations could be significantly affected in future periods.</font></p></div>
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
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2422000000 USD
CY2015Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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760000000 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Securities
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259859000000 USD
CY2015Q4 us-gaap Other Investments
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29794000000 USD
CY2014Q4 us-gaap Common Stock Shares Issued
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CY2014 us-gaap Earnings Per Share Basic
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5.27
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20000000 USD
CY2013 aig Mortgage And Other Loans Receivable Issued
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5266000000 USD
CY2015Q4 us-gaap Derivative Liability Fair Value Gross Asset
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1268000000 USD
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71000000 USD
CY2013 us-gaap Income Loss From Continuing Operations
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9001000000 USD
CY2015Q2 dei Entity Public Float
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80826000000 USD
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11243000000 USD
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72 item
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1577000000 USD
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1269000000 USD
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553000000 USD
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142000000 USD
CY2015Q4 us-gaap Operating Loss Carryforwards
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34883000000 USD
CY2015 aig Reclassification Of Assets Held For Sale
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0 USD
CY2013 aig Other Than Temporary Impairments Due To Change In Projected Cash Flows
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7000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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91000000 USD
CY2015Q4 us-gaap Life Settlement Contracts Investment Method Number Of Contracts Maturing After Year Five
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4300 item
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0.113 pure
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-50000000 USD
CY2015Q4 us-gaap Life Settlement Contracts Investment Method Premiums To Be Paid In Next Twelve Months
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530000000 USD
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0
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43984000000 USD
CY2014Q4 us-gaap Long Term Debt Fair Value
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CY2015 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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35000000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
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820000000 USD
CY2014 us-gaap Depreciation Amortization And Accretion Net
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4448000000 USD
CY2014 aig Payments Received On Mortgage And Other Loans Receivable
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3856000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
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1165000000 USD
CY2015 dei Entity Registrant Name
EntityRegistrantName
AMERICAN INTERNATIONAL GROUP INC
CY2013 us-gaap Supplementary Insurance Information Premiums Written
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34628000000 USD
CY2015Q4 us-gaap Long Term Debt
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29350000000 USD
CY2015 aig Deferred Bonus Interest And Sales Inducement Assets Amortization Expense
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88000000 USD
CY2013 aig Realized Capital Gains Losses Net Impairment Charges And Other
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1939000000 USD
CY2014Q4 us-gaap Share Price
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56.01
CY2015Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
1003000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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1619000000 USD
CY2014Q4 aig Deferred Tax Liabilities Tax Deferred Expense Reserves And Accruals Policyholder Liabilities
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-629000000 USD
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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23825000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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107272000000 USD
CY2014 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
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34000000 USD
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
1261.25
CY2015Q4 us-gaap Life Settlement Contracts Investment Method Carrying Amount
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3606000000 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
333000000 USD
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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1459249393 shares
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1412162456 shares
CY2014 us-gaap Supplementary Insurance Information Premiums Written
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34456000000 USD
CY2013 us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Gross Of Tax
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-38000000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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3019000000 USD
CY2015 us-gaap Insurance Commissions And Fees
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2755000000 USD
CY2015 us-gaap Gain Loss On Investments
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776000000 USD
CY2015 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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-11000000 USD
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0 USD
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
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CY2014 aig Change In Property Casualty And Life Insurance Reserves
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-2281000000 USD
CY2014 us-gaap Proceeds From Sale And Maturity Of Other Investments
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3884000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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10000000 USD
CY2015 aig Unrecognized Tax Benefits Discontinued Operations
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0 USD
CY2014 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
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21279000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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4000000 USD
CY2015Q4 us-gaap Life Settlement Contracts Investment Method Carrying Amount Maturing In Year Five
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235000000 USD
CY2014 aig Payments For Other Investing Activities
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1023000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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6959000000 USD
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
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2548000000 USD
CY2014Q4 us-gaap Liability For Future Policy Benefits
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42749000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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9008000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
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5.24
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0 USD
CY2015 aig Mortgage And Other Loans Receivable Issued
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10140000000 USD
CY2013 us-gaap Proceeds From Issuance Of Other Long Term Debt
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5235000000 USD
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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22344000000 USD
CY2015Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
1268000000 USD
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0
CY2015 aig Defined Benefit Plan Effect Of One Hundred Basis Point Increase In Discount Rate
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56000000 USD
CY2014Q3 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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<div><p style='text-align:left;margin-top:18pt;margin-bottom:2pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10.5pt;font-weight:bold;margin-left:0pt;color:#005984;' >Use of Estimates</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;margin-left:0pt;' >The preparation of financial statements </font><font style='font-family:Arial;font-size:9.5pt;' >in accordance with GAAP </font><font style='font-family:Arial;font-size:9.5pt;' >requires the application of accounting policies that often involve a significant degree of judgment. </font><font style='font-family:Arial;font-size:9.5pt;' >A</font><font style='font-family:Arial;font-size:9.5pt;' >ccounting policies that </font><font style='font-family:Arial;font-size:9.5pt;' >we believe </font><font style='font-family:Arial;font-size:9.5pt;' >are most dependent on the applicat</font><font style='font-family:Arial;font-size:9.5pt;' >ion of estimates and assumptions </font><font style='font-family:Arial;font-size:9.5pt;' >are considered our critical accounting estimates and are related to the</font><font style='font-family:Arial;font-size:9.5pt;' > determination of:</font></p><ul><li style='text-align:left;margin-top:0pt;margin-bottom:6pt;' ><font style='font-family:Arial;font-size:9.5pt;' >income tax assets and liabilities, </font><font style='font-family:Arial;font-size:9.5pt;' >including recoverability of </font><font style='font-family:Arial;font-size:9.5pt;' >our net deferred tax asset and the </font><font style='font-family:Arial;font-size:9.5pt;' >predictability of future tax operat</font><font style='font-family:Arial;font-size:9.5pt;' >ing profitability of the character necessary </font><font style='font-family:Arial;font-size:9.5pt;' >to realize the net deferred tax asset</font><font style='font-family:Arial;font-size:9.5pt;' >;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:6pt;' ><font style='font-family:Arial;font-size:9.5pt;' >liability for </font><font style='font-family:Arial;font-size:9.5pt;' >unpaid </font><font style='font-family:Arial;font-size:9.5pt;' >los</font><font style='font-family:Arial;font-size:9.5pt;' >s</font><font style='font-family:Arial;font-size:9.5pt;' >es</font><font style='font-family:Arial;font-size:9.5pt;' > and </font><font style='font-family:Arial;font-size:9.5pt;' >los</font><font style='font-family:Arial;font-size:9.5pt;' >s adjustment expense</font><font style='font-family:Arial;font-size:9.5pt;' >s</font><font style='font-family:Arial;font-size:9.5pt;' >;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:6pt;' ><font style='font-family:Arial;font-size:9.5pt;' >reinsurance</font><font style='font-family:Arial;font-size:9.5pt;' > assets</font><font style='font-family:Arial;font-size:9.5pt;' >;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:6pt;' ><font style='font-family:Arial;font-size:9.5pt;' >valuation of future policy benefit liabilities and timing and extent of loss recognition;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:6pt;' ><font style='font-family:Arial;font-size:9.5pt;' >valu</font><font style='font-family:Arial;font-size:9.5pt;' >ation of liabilities for guaranteed benefit features of variable annuity products;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:6pt;' ><font style='font-family:Arial;font-size:9.5pt;' >estimated gross profits to value deferred acquisition costs for investment-oriented products;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:6pt;' ><font style='font-family:Arial;font-size:9.5pt;' >impairment charges, including other-than-temporary impairments o</font><font style='font-family:Arial;font-size:9.5pt;' >n</font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9.5pt;' >available for</font><font style='font-family:Arial;font-size:9.5pt;' > sale securities, impairments on other invested assets, including investments in life settlements, and goodwill impairment;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:6pt;' ><font style='font-family:Arial;font-size:9.5pt;' >liability</font><font style='font-family:Arial;font-size:9.5pt;' > for legal contingencies; and</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:6pt;' ><font style='font-family:Arial;font-size:9.5pt;' >fair value measurements of certain financial assets and liabilities</font><font style='font-family:Arial;font-size:9.5pt;' >.</font></li></ul><p style='text-align:left;margin-top:12pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9.5pt;margin-left:0pt;' >These accounting estimat</font><font style='font-family:Arial;font-size:9.5pt;' >es require the use of assumptions about matters, some of which are highly uncertain at the time of estimation. To the extent actual experience differs from the assumptions used, </font><font style='font-family:Arial;font-size:9.5pt;' >our</font><font style='font-family:Arial;font-size:9.5pt;' > consolidated financial condition, results of operations and cash flows cou</font><font style='font-family:Arial;font-size:9.5pt;' >ld be materially affected.</font></p></div>
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20890000000 USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.006 pure
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2092000000 USD
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
37000000 USD
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1193916617 shares
CY2015 aig Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years Excluding Accretion Of Discount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYearsExcludingAccretionOfDiscount
4119000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1195000000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
737000000 USD
CY2013 aig Other Than Temporary Impairments Due To Change In Intent
OtherThanTemporaryImpairmentsDueToChangeInIntent
48000000 USD
CY2013 aig Allocatedsharebasedcompensationexpenseattributabletounsettledliabilityclassifiedawards
Allocatedsharebasedcompensationexpenseattributabletounsettledliabilityclassifiedawards
315000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Unearned Premiums Reserve
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsUnearnedPremiumsReserve
1603000000 USD
CY2013 us-gaap Supplementary Insurance Information Other Operating Expense
SupplementaryInsuranceInformationOtherOperatingExpense
10883000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
4114000000 USD
CY2015Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
74942000000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
2192000000 USD
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1279072748 shares
CY2015Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.065 pure
CY2014 aig Other Comprehensive Income Loss Excluding Amount Attributable To Redeemable Noncontrolling Interests
OtherComprehensiveIncomeLossExcludingAmountAttributableToRedeemableNoncontrollingInterests
4257000000 USD
CY2015Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
82913000000 USD
CY2015Q4 aig Uncollateralized And Collateralized Notes Bonds Loans And Mortgages Payable
UncollateralizedAndCollateralizedNotesBondsLoansAndMortgagesPayable
108000000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
236000000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
93512 shares
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6577000000 USD
CY2014 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
1000000 USD
CY2015Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
6000000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
237000000 USD
CY2014Q4 us-gaap Supplementary Insurance Information Liability For Future Policy Benefits Losses Claims And Loss Expense Reserves
SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves
120009000000 USD
CY2013 aig Accreted Fair Value Adjustment To Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
AccretedFairValueAdjustmentToLiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
-309000000 USD
CY2013Q4 aig Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
100000000 USD
CY2014Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
3300000000 USD
CY2013 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
221000000 USD
CY2015Q4 us-gaap Share Price
SharePrice
61.97
CY2015 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
231000000 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-17000000 USD
CY2015Q4 aig Deferred Tax Liabilities Tax Deferred Expense Reserves And Accruals Policyholder Liabilities
DeferredTaxLiabilitiesTaxDeferredExpenseReservesAndAccrualsPolicyholderLiabilities
-353000000 USD
CY2015 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >Years Ended December&#160;31,</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' > </font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' > </font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' > </font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:8pt;font-style:italic;color:#005984;' >(in millions)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >2015</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' >2014</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' >2013</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:2;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Liability for unpaid losses and loss adjustment expenses, beginning of year</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >77,260</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >81,547</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:2;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >87,991</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Reinsurance recoverable</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >(15,648)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(17,231)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(19,209)</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net liability for unpaid losses and loss adjustment expenses, beginning of year</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >61,612</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >64,316</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >68,782</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange effect</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >(1,429)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(1,061)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(617)</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Dispositions</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >-</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(79)</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Changes in net loss reserves due to retroactive asbestos reinsurance transaction</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >20</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >141</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >22</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >60,203</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >63,396</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >68,108</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Losses and loss adjustment expenses incurred</font><font style='font-family:Arial;font-size:9pt;color:#000000;' >:</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Current year</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >20,308</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >21,279</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >22,171</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Prior years, excluding discount</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >4,119</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >703</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >557</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Prior years, discount charge (benefit)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >(71)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >478</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(309)</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >24,356</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >22,460</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >22,419</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Losses and loss adjustment expenses paid</font><sup><font style='font-family:Arial;font-size:9pt;color:#000000;' >*</font></sup><font style='font-family:Arial;font-size:9pt;color:#000000;' >:</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Current year</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >5,751</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >6,358</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >7,431</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Prior years</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >18,205</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >17,886</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >18,780</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >23,956</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >24,244</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >26,211</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, end of year:</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Net liability for unpaid losses and loss adjustment expenses</font></td><td style='width:9pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >60,603</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >61,612</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >64,316</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Reinsurance recoverable</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >14,339</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >15,648</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >17,231</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;background-color:#C0E1F6;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >74,942</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >77,260</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >81,547</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:3pt;margin-bottom:3pt;line-height:9.5pt;' ><font style='font-family:Arial;font-size:7.5pt;margin-left:0pt;' >*</font><font style='font-family:Arial;font-size:7.5pt;' > </font><font style='font-family:Arial;font-size:7.5pt;' >Includes amounts related to dispositions through the date of disp</font><font style='font-family:Arial;font-size:7.5pt;' >osition. </font></p></div>
CY2015 aig Fair Value Level3 Transfers In At End Of Period Net Gain Loss Excluded From Level3 Gains Losses
FairValueLevel3TransfersInAtEndOfPeriodNetGainLossExcludedFromLevel3GainsLosses
-2000000 USD
CY2015 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
2196000000 USD
CY2013 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
26211000000 USD
CY2014Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
428000000 USD
CY2014Q4 us-gaap Cash
Cash
1758000000 USD
CY2015 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
5000000 USD
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-47000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
4908000000 USD
CY2014 aig Interest Paid Intercompany
InterestPaidIntercompany
0 USD
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1154000000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
2468000000 USD
CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2015Q4 us-gaap Revenues
Revenues
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CY2014Q4 aig Changesinunpaidnetlossreservesduetoreinsurancetransaction
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CY2015 aig Payments For Proceeds From Other Unspecified Financing Activities
PaymentsForProceedsFromOtherUnspecifiedFinancingActivities
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CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2015Q2 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
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CY2014Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2013 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0 USD
CY2013 aig Available For Sale Securities Sold Fair Value
AvailableForSaleSecuritiesSoldFairValue
35900000000 USD
CY2015Q4 us-gaap Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged
0 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
2121000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
1000000 USD
CY2013 aig Effective Income Tax Rate Reconciliation Nondeductible Transfer Pricing Charges
EffectiveIncomeTaxRateReconciliationNondeductibleTransferPricingCharges
0 pure
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2015Q2 aig Investmentmaturityyear
Investmentmaturityyear
2045
CY2014Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
271000000 USD
CY2014 aig Loss And Loss Adjustment Expense Reserves Sold
LossAndLossAdjustmentExpenseReservesSold
0 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
32000000 USD
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2014Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2015Q4 aig Other Investments Amount
OtherInvestmentsAmount
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CY2015 us-gaap Net Income Loss
NetIncomeLoss
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CY2014Q4 aig Deferred Tax Assets Property Plant And Equipment And Other Finite Lived Assets
DeferredTaxAssetsPropertyPlantAndEquipmentAndOtherFiniteLivedAssets
28000000 USD
CY2015 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
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CY2015Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
3300000000 USD
CY2013 aig Effective Income Tax Rate Continuing Operations And Discontinued Operations
EffectiveIncomeTaxRateContinuingOperationsAndDiscontinuedOperations
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CY2014 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
22460000000 USD
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
197000000 USD
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2014Q4 us-gaap Long Term Debt
LongTermDebt
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CY2014Q4 us-gaap Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment Fair Value
ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentFairValue
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CY2015 aig Period Of Earning Pattern Of Quota Share Reinsurance Contract
PeriodOfEarningPatternOfQuotaShareReinsuranceContract
P24M
CY2014 aig Discontinued Operation Effective Income Tax Rate Of Discontinued Operation
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3.174 pure
CY2015 aig Other Than Temporary Impairments Due To Change In Projected Cash Flows
OtherThanTemporaryImpairmentsDueToChangeInProjectedCashFlows
20000000 USD
CY2014 aig Realized Capital Gains Losses Net Impairment Charges And Other
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739000000 USD
CY2014Q4 aig Deferred Bonus Interest And Sales Inducement Assets
DeferredBonusInterestAndSalesInducementAssets
629000000 USD
CY2014 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
8000000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
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CY2014Q4 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
-1000000 USD
CY2015Q4 aig Current And Deferred Taxes And Other Assets
CurrentAndDeferredTaxesAndOtherAssets
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CY2015Q4 aig Deferred Tax Liabilities Investment In Foreign Subsidiaries
DeferredTaxLiabilitiesInvestmentInForeignSubsidiaries
-33000000 USD
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
1873000000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
312000000 USD
CY2014 us-gaap Fair Value Option Credit Risk Gains Losses On Liabilities
FairValueOptionCreditRiskGainsLossesOnLiabilities
32000000 USD
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1365951690 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1329157366 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1279072748 shares
CY2015Q4 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
-106000000 USD
CY2015 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Foreign Exchange
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignExchange
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CY2015 aig Income Tax Reconciliation Reclassification From Accumulated Other Comprehensive Income
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-127000000 USD
CY2013 aig Effective Income Tax Rate Reclassification From Accumulated Other Comprehensive Income
EffectiveIncomeTaxRateReclassificationFromAccumulatedOtherComprehensiveIncome
0 pure
CY2015Q4 aig Other Invested Assets Gross Unrealized Loss
OtherInvestedAssetsGrossUnrealizedLoss
33000000 USD

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