2017 Q4 Form 10-K Financial Statement

#000000527219000023 Filed on February 15, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $12.64B $11.75B $12.50B
YoY Change -2.88% -8.58% -15.09%
Cost Of Revenue $10.32B $6.284B
YoY Change 37.83% -8.56%
Gross Profit $1.429B $6.218B
YoY Change -73.36% -20.81%
Gross Profit Margin 12.16% 49.74%
Selling, General & Admin $2.333B $2.149B $2.182B
YoY Change -18.54% -15.26% -15.62%
% of Gross Profit 150.38% 35.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.068B $912.0M $1.115B
YoY Change -16.3% -10.41% -17.1%
% of Gross Profit 63.82% 17.93%
Operating Expenses $11.71B $2.149B $2.182B
YoY Change -28.38% -15.26% -15.62%
Operating Profit -$720.0M $4.036B
YoY Change -125.45% -23.36%
Interest Expense -$288.0M $290.0M $292.0M
YoY Change -5.57% -11.85% -8.75%
% of Operating Profit 7.23%
Other Income/Expense, Net
YoY Change
Pretax Income $875.0M -$2.803B $1.667B
YoY Change -125.33% -480.33% -41.67%
Income Tax $844.0M -$1.091B $557.0M
% Of Pretax Income 96.46% 33.41%
Net Earnings -$6.660B -$1.739B $1.130B
YoY Change 119.01% -476.41% -40.93%
Net Earnings / Revenue -52.71% -14.8% 9.04%
Basic Earnings Per Share -$1.91 $1.22
Diluted Earnings Per Share -$7.335M -$1.91 $1.19
COMMON SHARES
Basic Shares Outstanding 908.1M shares 908.7M shares 925.8M shares
Diluted Shares Outstanding 908.1M shares 908.7M shares 948.2M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.737B $2.705B $2.810B
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 $2.522B
YoY Change -5.19%
Goodwill $1.594B
YoY Change 4.32%
Intangibles $106.0M
YoY Change
Long-Term Investments $322.3B $321.1B $320.7B
YoY Change -1.79% -7.29% -8.53%
Other Assets $14.35B $21.17B $20.49B
YoY Change -50.04% -16.21% 9.39%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $498.3B $503.1B $499.8B
YoY Change 0.01% -2.23% -2.07%
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 $31.64B $31.04B $31.81B
YoY Change 2.36% -3.84% -4.55%
Other Long-Term Liabilities $26.05B $27.25B $28.96B
YoY Change -19.6% -14.55% 5.73%
Total Long-Term Liabilities $57.69B $58.29B $60.77B
YoY Change -8.88% -9.16% 0.09%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $57.69B $58.29B $60.77B
Total Liabilities $432.6B $430.1B $425.4B
YoY Change 2.65% 1.09% 1.34%
SHAREHOLDERS EQUITY
Retained Earnings $21.46B $28.39B $30.42B
YoY Change -25.27% -11.5% -4.79%
Common Stock $85.84B $80.98B $85.68B
YoY Change 0.02% -5.89% -0.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $47.60B $47.60B $47.33B
YoY Change 14.77% 23.58% 30.52%
Treasury Stock Shares 1.008B shares 1.008B shares 1.003B shares
Shareholders Equity $65.17B $72.47B $73.73B
YoY Change
Total Liabilities & Shareholders Equity $498.3B $503.1B $499.8B
YoY Change 0.01% -2.23% -2.07%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income -$6.660B -$1.739B $1.130B
YoY Change 119.01% -476.41% -40.93%
Depreciation, Depletion And Amortization $1.068B $912.0M $1.115B
YoY Change -16.3% -10.41% -17.1%
Cash From Operating Activities $1.044B $241.0M $1.314B
YoY Change 65.71% -79.61% -14.62%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$434.0M -$250.0M $226.0M
YoY Change -109.82% -142.44% -134.82%
Cash From Investing Activities -$434.0M -$250.0M $226.0M
YoY Change -109.82% -142.44% -134.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -571.0M -99.00M -979.0M
YoY Change -89.69% -91.06% 52.26%
NET CHANGE
Cash From Operating Activities 1.044B 241.0M 1.314B
Cash From Investing Activities -434.0M -250.0M 226.0M
Cash From Financing Activities -571.0M -99.00M -979.0M
Net Change In Cash 39.00M -108.0M 561.0M
YoY Change -108.01% -116.27% 127.13%
FREE CASH FLOW
Cash From Operating Activities $1.044B $241.0M $1.314B
Capital Expenditures
Free Cash Flow
YoY Change

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2016-09-15
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458000000 USD
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CY2018 us-gaap Deferred Policy Acquisition Costs Text Block1
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<div><p style='text-align:left;margin-top:28pt;margin-bottom:12pt;line-height:16pt;' ><font style='font-family:Arial;font-size:15pt;margin-left:0pt;color:#00A4E4;' >9</font><font style='font-family:Arial;font-size:15pt;color:#00A4E4;' >. Deferred Policy Acquisition Costs</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Deferred p</font><font style='font-family:Arial;font-size:9pt;' >olicy acquisition costs </font><font style='font-family:Arial;font-size:9pt;' >(DAC) </font><font style='font-family:Arial;font-size:9pt;' >represent those costs</font><font style='font-family:Arial;font-size:9pt;' > 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:9pt;' >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:9pt;' >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:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >We also defer a portion of employe</font><font style='font-family:Arial;font-size:9pt;' >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:9pt;' >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:9pt;font-weight:bold;margin-left:0pt;color:#00A4E4;' >Short-duration insurance contracts:</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >Policy acquisition costs are deferred and amortized over the</font><font style='font-family:Arial;font-size:9pt;' > period in which the related premiums written are earned, generally </font><font style='font-family:Arial;font-size:9pt;' >12</font><font style='font-family:Arial;font-size:9pt;' > months. 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:9pt;' >erability based on the profitability of the underlying insurance contracts. Investment income is anticipated in assessing the recoverability of DAC. We assess the recoverability of DAC on an annual basis or more frequently if circumstances indicate an impa</font><font style='font-family:Arial;font-size:9pt;' >irment may have occurred. This assessment is performed by comparing recorded net unearned premiums and anticipated investment income on in-force business to the sum of expected losses and loss adjustment expenses incurred, unamortized DAC and maintenance c</font><font style='font-family:Arial;font-size:9pt;' >osts. If the sum of these costs exceeds the amount of recorded net unearned premiums and anticipated investment income, 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:9pt;' >Increases in expected losses and loss adjustment expenses incurred 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:9pt;font-weight:bold;margin-left:0pt;color:#00A4E4;' >Long-duration insurance contracts</font><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >:</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:9pt;' >Policy acquisition costs for participating life, traditional l</font><font style='font-family:Arial;font-size:9pt;' >ife and accident and health insurance products are generally deferred and amortized, with interest, over the premium paying period. 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:9pt;' >sued and do not change with changes in actual experience, unless a loss recognition event occurs. These &#8220;locked-in&#8221; assumptions include mortality, morbidity, persistency, maintenance expenses and investment returns, and include margins for adverse deviatio</font><font style='font-family:Arial;font-size:9pt;' >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 of future policy benefit liabilities, net of DAC, and what the future policy </font><font style='font-family:Arial;font-size:9pt;' >benefit liabilities, net of DAC, 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 </font><font style='font-family:Arial;font-size:9pt;' >DAC is 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 </font><font style='font-family:Arial;font-size:9pt;' >and applied 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 </font><font style='font-family:Arial;font-size:9pt;' >and the 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:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0pt;color:#00A4E4;' >Investment-oriented contracts:</font><font style='font-family:Arial;font-size:9pt;color:#005984;' > </font><font style='font-family:Arial;font-size:9pt;color:#005984;' > </font><font style='font-family:Arial;font-size:9pt;' >Certain p</font><font style='font-family:Arial;font-size:9pt;' >olicy acquisition costs and policy issuance costs related to universal life and investment-type products (</font><font style='font-family:Arial;font-size:9pt;' >collecti</font><font style='font-family:Arial;font-size:9pt;' >vely, </font><font style='font-family:Arial;font-size:9pt;' >investment</font><font style='font-family:Arial;font-size:9pt;' >-</font><font style='font-family:Arial;font-size:9pt;' >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:9pt;' >include</font><font style='font-family:Arial;font-size:9pt;' > net in</font><font style='font-family:Arial;font-size:9pt;' >vestment</font><font style='font-family:Arial;font-size:9pt;' > income</font><font style='font-family:Arial;font-size:9pt;' > and sprea</font><font style='font-family:Arial;font-size:9pt;' >ds</font><font style='font-family:Arial;font-size:9pt;' >, net r</font><font style='font-family:Arial;font-size:9pt;' >ealized capital</font><font style='font-family:Arial;font-size:9pt;' > gains and losses, fees, surrender charges, expenses, and mortality gains and losses. </font><font style='font-family:Arial;font-size:9pt;' >In each reporting period, current period amortization expense is adjusted to reflect actual gross profits. </font><font style='font-family:Arial;font-size:9pt;' >If estimated gross profits change signi</font><font style='font-family:Arial;font-size:9pt;' >ficantly, DAC is recalculated using the new assumptions</font><font style='font-family:Arial;font-size:9pt;' >, and a</font><font style='font-family:Arial;font-size:9pt;' >ny resulting adjustment is included in income. </font><font style='font-family:Arial;font-size:9pt;' >If the new assumptions indicate that future estimated gross profits are higher than previously estimated, DAC will be increased resulting in a decr</font><font style='font-family:Arial;font-size:9pt;' >ease 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 p</font><font style='font-family:Arial;font-size:9pt;' >eriod. </font><font style='font-family:Arial;font-size:9pt;' >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:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >DAC is grouped consistent with the manner in which the insurance contracts are acquired, serviced and measured </font><font style='font-family:Arial;font-size:9pt;' >for 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:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >To estimate future estimated gross profits</font><font style='font-family:Arial;font-size:9pt;' > for variable annuity products</font><font style='font-family:Arial;font-size:9pt;' >, a long-term annual asset growth as</font><font style='font-family:Arial;font-size:9pt;' >sumption 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</font><font style='font-family:Arial;font-size:9pt;' >&#8221; methodology whereby short-term asset growth above or below long-term annual rate assumptions impact</font><font style='font-family:Arial;font-size:9pt;' >s</font><font style='font-family:Arial;font-size:9pt;' > the growth assumption applied to the </font><font style='font-family:Arial;font-size:9pt;' >five-</font><font style='font-family:Arial;font-size:9pt;' >year period subsequent to the </font><font style='font-family:Arial;font-size:9pt;' >current </font><font style='font-family:Arial;font-size:9pt;' >balance sheet date. The reversion</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >to</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >the</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >mean methodology allows us to </font><font style='font-family:Arial;font-size:9pt;' >maintain 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:9pt;' >,</font><font style='font-family:Arial;font-size:9pt;' > as evidenced by growth assumptions in th</font><font style='font-family:Arial;font-size:9pt;' >e </font><font style='font-family:Arial;font-size:9pt;' >five</font><font style='font-family:Arial;font-size:9pt;' >-year reversion</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >to</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >the</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >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:9pt;' >ed</font><font style='font-family:Arial;font-size:9pt;' > period, judgment may be applied to revise or &#8220;unlock&#8221; the growth rate assumptions </font><font style='font-family:Arial;font-size:9pt;' >to be used for </font><font style='font-family:Arial;font-size:9pt;' >both the </font><font style='font-family:Arial;font-size:9pt;' >five</font><font style='font-family:Arial;font-size:9pt;' >-year reversion</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >to</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >the</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >mean period as well as the </font><font style='font-family:Arial;font-size:9pt;' >long-term </font><font style='font-family:Arial;font-size:9pt;' >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:9pt;font-weight:bold;margin-left:0pt;color:#00A4E4;' >Shadow DAC and Shadow Loss Recognition:</font><font style='font-family:Arial;font-size:9.5pt;font-weight:bold;color:#00A4E4;' > </font><font style='font-family:Arial;font-size:9.5pt;' > </font><font style='font-family:Arial;font-size:9pt;' >DAC related to investment-oriented products is also adjusted to reflect the effect of unrealized gains or losses on fix</font><font style='font-family:Arial;font-size:9pt;' >ed maturity securities </font><font style='font-family:Arial;font-size:9pt;' >available for sale and </font><font style='font-family:Arial;font-size:9pt;' >prior to 2018, </font><font style='font-family:Arial;font-size:9pt;' >equity securities at fair value </font><font style='font-family:Arial;font-size:9pt;' >on estimated gross profits, with related changes recognized through Other comprehensive income (shadow DAC). The adjustment is made at each balance sheet date, as </font><font style='font-family:Arial;font-size:9pt;' >if the</font><font style='font-family:Arial;font-size:9pt;' > securities had been sold at their stated aggregate fair value and the proceeds reinvested at current yields. Similarly, for long-duration traditional insurance contracts, if the assets supporting the l</font><font style='font-family:Arial;font-size:9pt;' >iabilities are in </font><font style='font-family:Arial;font-size:9pt;' >a </font><font style='font-family:Arial;font-size:9pt;' >net unrealized gain positio</font><font style='font-family:Arial;font-size:9pt;' >n at the balance sheet date, loss 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 sh</font><font style='font-family:Arial;font-size:9pt;' >ortfall indicated by loss recognition 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 re</font><font style='font-family:Arial;font-size:9pt;' >duction in DAC and secondly as an 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 comp</font><font style='font-family:Arial;font-size:9pt;' >rehensive income.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0pt;color:#00A4E4;' >Internal Replacements of Long-</font><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#00A4E4;' >duration and Investment-oriented Products:</font><font style='font-family:Arial;font-size:9pt;' >&#160; For some products, policyholders can elect to modify product benefits, features, rights or coverages by exchanging a contract for a new contract or by amendment, en</font><font style='font-family:Arial;font-size:9pt;' >dorsement, or rider to a contract, or by the election of a feature or coverage within a contract. These transactions are known as internal replacements. </font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >If the modification does not substantially change the contract, we do not change the accounting and am</font><font style='font-family:Arial;font-size:9pt;' >ortization of existing DAC and related actuarial balances.</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' > If an internal replacement represents a substantial change, the original contract is considered to be extinguished and any related DAC or other policy balances ar</font><font style='font-family:Arial;font-size:9pt;' >e charged or credited to income, a</font><font style='font-family:Arial;font-size:9pt;' >nd</font><font style='font-family:Arial;font-size:9pt;' > any new deferrable costs associated with the replacement contract are deferred.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Value of Business Acquired (VOBA</font><font style='font-family:Arial;font-size:9pt;' >)</font><font style='font-family:Arial;font-size:9pt;' > is determined at the time of acquisition and is reported in the Consolidated Balance Sheet</font><font style='font-family:Arial;font-size:9pt;' >s</font><font style='font-family:Arial;font-size:9pt;' > with DAC. This value is based on the present va</font><font style='font-family:Arial;font-size:9pt;' >lue 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 the business </font><font style='font-family:Arial;font-size:9pt;' >in a manner </font><font style='font-family:Arial;font-size:9pt;' >similar to that for DAC </font><font style='font-family:Arial;font-size:9pt;' >based on the assumptions at purchase. For investment</font><font style='font-family:Arial;font-size:9pt;' >-</font><font style='font-family:Arial;font-size:9pt;' >oriented products, VOBA is amortized in relation to estimated gross profits </font><font style='font-family:Arial;font-size:9pt;' >and adjusted for the effect of unrealized gains or losses on fixed maturity </font><font style='font-family:Arial;font-size:9pt;' >securities available for sale </font><font style='font-family:Arial;font-size:9pt;' >and </font><font style='font-family:Arial;font-size:9pt;' >prior to 2018, </font><font style='font-family:Arial;font-size:9pt;' >eq</font><font style='font-family:Arial;font-size:9pt;' >uity securities</font><font style='font-family:Arial;font-size:9pt;' > at</font><font style='font-family:Arial;font-size:9pt;' > fair value </font><font style='font-family:Arial;font-size:9pt;' >in a manner similar to DAC</font><font style='font-family:Arial;font-size:9pt;' >.</font></p><p style='text-align:left;margin-top:12pt;margin-bottom:6pt;line-height:13pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0pt;color:#005984;' >The following table presents a rollforward 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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;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;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >2018</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' >2017</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' >2016</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >Balance, beginning of year</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >$</font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >10,994</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >11,042</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >11,115</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:#005984;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Acquisitions</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >298</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:#005984;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;text-align:right;vertical-align:bottom;border-color:#005984;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:1;text-align:right;vertical-align:bottom;border-color:#005984;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;text-align:right;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Dispositions</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >-</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(35)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(110)</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >5,832</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4,820</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5,216</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >(5,386)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(4,288)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(4,521)</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Change related to unrealized appreciation (depreciation) of investments</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >1,063</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(505)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(259)</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Other, including foreign exchange</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >(107)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(40)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >72</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Reclassified to Assets held for sale</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >-</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(471)</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;vertical-align:bottom;border-color:#005984;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >Balance, end of year</font><sup><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >(a)</font></sup></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >$</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;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >12,694</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;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >10,994</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</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;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >11,042</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >Supplemental Information:</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > VOBA amortization expense included in DAC amortization</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >$</font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >243</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >20</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >40</font></td></tr><tr style='height:12pt;' ><td style='width:348.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:348.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > VOBA, end of year included in DAC balance</font><sup><font style='font-family:Arial;font-size:9pt;color:#000000;' >(b)</font></sup></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >438</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >381</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >393</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4pt;margin-bottom:0pt;line-height:9pt;' ><font style='font-family:Arial;font-size:7pt;margin-left:0pt;' >(a)</font><font style='font-family:Arial;font-size:7pt;' > Net of reductions in DAC of </font><font style='font-family:Arial;font-size:7pt;' >$</font><font style='font-family:Arial;font-size:7pt;' >1.0</font><font style='font-family:Arial;font-size:7pt;' > </font><font style='font-family:Arial;font-size:7pt;' >b</font><font style='font-family:Arial;font-size:7pt;' >illion, $</font><font style='font-family:Arial;font-size:7pt;' >1.3</font><font style='font-family:Arial;font-size:7pt;' > </font><font style='font-family:Arial;font-size:7pt;' >billion</font><font style='font-family:Arial;font-size:7pt;' >, and $</font><font style='font-family:Arial;font-size:7pt;' >842</font><font style='font-family:Arial;font-size:7pt;' > </font><font style='font-family:Arial;font-size:7pt;' >m</font><font style='font-family:Arial;font-size:7pt;' >illion at </font><font style='font-family:Arial;font-size:7pt;' >December 31,</font><font style='font-family:Arial;font-size:7pt;' > </font><font style='font-family:Arial;font-size:7pt;' >2018</font><font style='font-family:Arial;font-size:7pt;' >, </font><font style='font-family:Arial;font-size:7pt;' >2017</font><font style='font-family:Arial;font-size:7pt;' > and </font><font style='font-family:Arial;font-size:7pt;' >2016</font><font style='font-family:Arial;font-size:7pt;' >, respectively</font><font style='font-family:Arial;font-size:7pt;' >, related to the </font><font style='font-family:Arial;font-size:7pt;' >effect of net unrealized gains and losses on available for sale securities (shadow DAC).</font></p><p style='text-align:left;margin-top:4pt;margin-bottom:0pt;line-height:9pt;' ><font style='font-family:Arial;font-size:7pt;margin-left:0pt;' >(b)</font><font style='font-family:Arial;font-size:7pt;' > Includes $101 million of VOBA from the acquisition of </font><font style='font-family:Arial;font-size:7pt;' >Validus</font><font style='font-family:Arial;font-size:7pt;' >, the </font><font style='font-family:Arial;font-size:7pt;' >majority of which will be amortized within the next 12 to 18 months.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >The percentage of the unamortiz</font><font style='font-family:Arial;font-size:9pt;' >ed balance of VOBA at </font><font style='font-family:Arial;font-size:9pt;' >December 31,</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >2018</font><font style='font-family:Arial;font-size:9pt;' > expected to be amortized in 2019 through 2023 by year is: </font><font style='font-family:Arial;font-size:9pt;' >8.6</font><font style='font-family:Arial;font-size:9pt;' >&#160;percent, </font><font style='font-family:Arial;font-size:9pt;' >7.7</font><font style='font-family:Arial;font-size:9pt;' >&#160;percent, </font><font style='font-family:Arial;font-size:9pt;' >6.7</font><font style='font-family:Arial;font-size:9pt;' >&#160;percent, </font><font style='font-family:Arial;font-size:9pt;' >6.3</font><font style='font-family:Arial;font-size:9pt;' >&#160;percent and </font><font style='font-family:Arial;font-size:9pt;' >6.0</font><font style='font-family:Arial;font-size:9pt;' >&#160;percent, respectively, with </font><font style='font-family:Arial;font-size:9pt;' >64.8</font><font style='font-family:Arial;font-size:9pt;' >&#160;percent being amortized after five years. These projections are based on current estimates for investment income and spreads, persistency, mortality an</font><font style='font-family:Arial;font-size:9pt;' >d morbidity assumptions.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >DAC, VOBA and SIA for insurance</font><font style='font-family:Arial;font-size:9pt;' >-oriented and investment</font><font style='font-family:Arial;font-size:9pt;' >-oriented products are reviewed for recoverability, which involves estimating the future profitability of current business. This review involves significant management judgment</font><font style='font-family:Arial;font-size:9pt;' >. If actual profitability is substantially lower than estimated, AIG&#8217;s DAC, VOBA and SIA may be subject to an impairment charge and AIG&#8217;s results of operations could be significantly affected in future periods.</font></p></div>
CY2017Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
100000000 USD
CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1000000 USD
CY2018Q4 aig Shortterminvestmentsatfairvalue
Shortterminvestmentsatfairvalue
3015000000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-9000000 USD
CY2016 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
545000000 USD
CY2017Q4 us-gaap Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense
282105000000 USD
CY2017 aig Interest Paid Intercompany
InterestPaidIntercompany
0 USD
CY2016 aig Impairments On Life Settlement Contracts
ImpairmentsOnLifeSettlementContracts
397000000 USD
CY2017 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
-1153000000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11460000000 USD
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1238000000 USD
CY2016 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
29000000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-182000000 USD
CY2015Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
11115000000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
322000000 USD
CY2017 us-gaap Interest Expense
InterestExpense
1168000000 USD
CY2017 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
90000000 USD
CY2017 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
2935000000 USD
CY2016 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
75000000 USD
CY2017 aig Statutory Accounting Practices Statutory Surplus Balance Increase Decrease In Previously Reported Amount
StatutoryAccountingPracticesStatutorySurplusBalanceIncreaseDecreaseInPreviouslyReportedAmount
-273000000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5000000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-74000000 USD
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
3477000000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
1528000000 USD
CY2017Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
14033000000 USD
CY2017 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-49000000 USD
CY2017Q4 aig Deferred Tax Assets Operating Loss And Tax Credit Carryforwards
DeferredTaxAssetsOperatingLossAndTaxCreditCarryforwards
11931000000 USD
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1906671492 shares
CY2016Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
0.472 pure
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
308000000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
18072000000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
660000000 USD
CY2017 aig Effective Income Tax Rate Reconciliation Nondeductible Transfer Pricing Charges
EffectiveIncomeTaxRateReconciliationNondeductibleTransferPricingCharges
0.024 pure
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
337000000 USD
CY2016 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-1053000000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
576000000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.7
CY2016 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
815000000 USD
CY2018Q4 us-gaap Present Value Of Future Insurance Profits Percentage Of Amortization Expense Year Two
PresentValueOfFutureInsuranceProfitsPercentageOfAmortizationExpenseYearTwo
0.077 pure
CY2018Q4 us-gaap Present Value Of Future Insurance Profits Percentage Of Amortization Expense Year Three
PresentValueOfFutureInsuranceProfitsPercentageOfAmortizationExpenseYearThree
0.067 pure
CY2018Q4 us-gaap Present Value Of Future Insurance Profits Percentage Of Amortization Expense Year Four
PresentValueOfFutureInsuranceProfitsPercentageOfAmortizationExpenseYearFour
0.063 pure
CY2018 aig Changes In Unpaid Net Loss Reserves Due To Reinsurance Transaction Net Of Discount
ChangesInUnpaidNetLossReservesDueToReinsuranceTransactionNetOfDiscount
137000000 USD
CY2017 aig Changes In Unpaid Net Loss Reserves Due To Reinsurance Transaction Net Of Discount
ChangesInUnpaidNetLossReservesDueToReinsuranceTransactionNetOfDiscount
11294000000 USD
CY2018Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2018-12-12
CY2018Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2018-06-14
CY2017Q4 aig Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years Excluding Accretion Of Discount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYearsExcludingAccretionOfDiscount
212000000 USD
CY2017 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
6000000 USD
CY2018 aig Effective Income Tax Rate Reclassification From Accumulated Other Comprehensive Income
EffectiveIncomeTaxRateReclassificationFromAccumulatedOtherComprehensiveIncome
-0.282 pure
CY2017Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2017-09-15
CY2018Q4 aig Loss Reserve Discount
LossReserveDiscount
2035000000 USD
CY2016 us-gaap Increase Decrease In Other Insurance Liabilities
IncreaseDecreaseInOtherInsuranceLiabilities
0 USD
CY2016 aig Increase Decrease In Loss Reserve Discount Due To Reinsurance Transaction
IncreaseDecreaseInLossReserveDiscountDueToReinsuranceTransaction
0 USD
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
CY2018Q4 aig Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses And Other Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLossesAndOtherReserves
0 USD
CY2018 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
5832000000 USD
CY2018Q4 aig Tax Effect On Operating Loss And Credit Carryforwards Gaap Basis
TaxEffectOnOperatingLossAndCreditCarryforwardsGaapBasis
10230000000 USD
CY2017 aig Deferred Policy Acquisition Costs Increase Decrease Due To Foreign Currency Translation And Other
DeferredPolicyAcquisitionCostsIncreaseDecreaseDueToForeignCurrencyTranslationAndOther
-40000000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.37
CY2017 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
10000000 USD
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.05
CY2018 aig Other Than Temporary Impairments Due To Severity
OtherThanTemporaryImpairmentsDueToSeverity
0 USD
CY2018Q4 aig Derivative Collateral Obtained Third Parties
DerivativeCollateralObtainedThirdParties
2100000000 USD
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
908667044 shares
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
636000000 USD
CY2017Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1000000 USD
CY2016 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
299000000 USD
CY2018Q4 us-gaap Supplementary Insurance Information Unearned Premiums
SupplementaryInsuranceInformationUnearnedPremiums
19248000000 USD
CY2016 us-gaap Dividends Common Stock
DividendsCommonStock
1372000000 USD
CY2018Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
0 USD
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<div><p style='text-align:left;margin-top:12pt;margin-bottom:6pt;line-height:13pt;' ><font style='font-family:Arial;font-size:11pt;font-weight:bold;margin-left:0pt;color:#005984;' >Use of Estimates</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:3pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >The preparation of financial statements in accordance with GAAP requires the application of accounting policies that often involve a significant degree of judgment. Accounting policies</font><font style='font-family:Arial;font-size:9pt;' > that we believe are most dependent on the application of estimates and assumptions are considered our critical accounting estimates and are related to the determination of:</font></p><ul style='margin-top:0pt;' ><li style='text-align:left;margin-top:0pt;margin-bottom:3pt;' ><font style='font-family:Arial;font-size:9pt;' >liability for unpaid losses and loss adjustment expenses (loss reserves);</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:3pt;' ><font style='font-family:Arial;font-size:9pt;' >reinsura</font><font style='font-family:Arial;font-size:9pt;' >nce assets;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:3pt;' ><font style='font-family:Arial;font-size:9pt;' >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:3pt;' ><font style='font-family:Arial;font-size:9pt;' >valuation of liabilities for guaranteed benefit features of variable annuity products;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:3pt;' ><font style='font-family:Arial;font-size:9pt;' >valuation of embedded derivatives for fixed index annuity and life </font><font style='font-family:Arial;font-size:9pt;' >products;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:3pt;' ><font style='font-family:Arial;font-size:9pt;' >estimated gross profits to value deferred policy acquisition costs for investment-oriented products;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:3pt;' ><font style='font-family:Arial;font-size:9pt;' >impairment charges, including other-than-temporary impairments on available for sale securities, impairments on other invested assets, including </font><font style='font-family:Arial;font-size:9pt;' >investments in life settlements, and goodwill impairment;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:3pt;' ><font style='font-family:Arial;font-size:9pt;' >allowances for loan losses;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:3pt;' ><font style='font-family:Arial;font-size:9pt;' >liability for legal contingencies; </font></li><li style='text-align:left;margin-top:0pt;margin-bottom:3pt;' ><font style='font-family:Arial;font-size:9pt;' >fair value measurements of certain financial assets and liabilities; and</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:3pt;' ><font style='font-family:Arial;font-size:9pt;' >income</font><font style='font-family:Arial;font-size:9pt;' > tax assets and liabilities, including recoverability o</font><font style='font-family:Arial;font-size:9pt;' >f our net deferred tax asset and the predictability of future tax operating profitability of the character necessary to realize the net deferred tax asset and estimates associated with the Tax Act.</font></li></ul><p style='text-align:left;margin-top:9pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >These accounting estimates require the use of assumptions </font><font style='font-family:Arial;font-size:9pt;' >about matters, some of which are highly uncertain at the time of estimation. To the extent actual experience differs from the assumptions used, our consolidated financial condition, results of operations and cash flows could be materially affected. </font></p><p style='text-align:left;margin-top:12pt;margin-bottom:6pt;line-height:13pt;' ></p></div>
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22733000000 USD
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
995335841 shares
CY2017Q3 us-gaap Restructuring Charges
RestructuringCharges
31000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
132000000 USD
CY2018 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
476000000 USD
CY2018Q4 aig Other Investments Amount
OtherInvestmentsAmount
304535000000 USD
CY2017 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
209000000 USD
CY2016 aig Change In Premiums And Insurance Balances Receivable And Payable Net
ChangeInPremiumsAndInsuranceBalancesReceivableAndPayableNet
-536000000 USD
CY2017Q4 aig Reinsurance Assets Net Of Allowance
ReinsuranceAssetsNetOfAllowance
33024000000 USD
CY2018 us-gaap Interest Credited To Policyholders Account Balances
InterestCreditedToPolicyholdersAccountBalances
3754000000 USD
CY2016 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
16908000000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
483000000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
154000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-12000000 USD
CY2018 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
38000000 USD
CY2016 us-gaap Payments Of Dividends
PaymentsOfDividends
1372000000 USD
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-467000000 USD
CY2018 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
425000000 USD
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3502000000 USD
CY2018Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
43135000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
250000000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-6000000 USD
CY2016 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
1100000000 USD
CY2016 aig Payments Received On Mortgage And Other Loans Receivable
PaymentsReceivedOnMortgageAndOtherLoansReceivable
6074000000 USD
CY2017 aig Other Than Temporary Impairments Due To Change In Intent
OtherThanTemporaryImpairmentsDueToChangeInIntent
9000000 USD
CY2018 aig Income Loss From Continuing And Discontinued Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingAndDiscontinuedOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
255000000 USD
CY2016Q4 aig Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
66000000 USD
CY2017 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
0 USD
CY2017 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
229000000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
26000000 USD
CY2018Q4 aig Deferred Tax Assets Accruals Not Currently Deductible And Other
DeferredTaxAssetsAccrualsNotCurrentlyDeductibleAndOther
608000000 USD
CY2018 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
338000000 USD
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
24636000000 USD
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-1.686 pure
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1466000000 USD
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
895237359 shares
CY2016 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
268000000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
489000000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
54000000 USD
CY2018Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
36268000000 USD
CY2018Q4 aig Tax Effect On Operating Loss And Credit Carryforwards
TaxEffectOnOperatingLossAndCreditCarryforwards
11963000000 USD
CY2017 aig Other Revenue Including Interest Income
OtherRevenueIncludingInterestIncome
49520000000 USD
CY2018 aig Deferred Bonus Interest And Sales Inducement Assets Amortization Expense
DeferredBonusInterestAndSalesInducementAssetsAmortizationExpense
156000000 USD
CY2018 aig Unrecognized Tax Benefits Discontinued Operations
UnrecognizedTaxBenefitsDiscontinuedOperations
0 USD
CY2016 aig Other Than Temporary Impairments Due To Severity
OtherThanTemporaryImpairmentsDueToSeverity
15000000 USD
CY2017Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
106687000000 USD
CY2018 dei Document Period End Date
DocumentPeriodEndDate
2018-12-31
CY2017Q4 us-gaap Value Of Business Acquired Voba
ValueOfBusinessAcquiredVOBA
381000000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
209000000 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
915000000 USD
CY2018 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4091922 shares
CY2017Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-12000000 USD
CY2017 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
6913000000 USD
CY2018Q3 us-gaap Restructuring Charges
RestructuringCharges
35000000 USD
CY2018Q4 aig Unearned Premiums Net
UnearnedPremiumsNet
16300000000 USD
CY2019Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
869486334 shares
CY2017Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
225461000000 USD
CY2017 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
68000000 USD
CY2017 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
0 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2660000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1940000000 USD
CY2018Q4 aig Reinsurance Assets Net Of Allowance
ReinsuranceAssetsNetOfAllowance
38172000000 USD
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
29011000000 USD
CY2017 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
227000000 USD
CY2017Q1 us-gaap Revenues
Revenues
12632000000 USD
CY2016 aig Change In Reinsurance Assets And Funds Held Under Reinsurance Treaties
ChangeInReinsuranceAssetsAndFundsHeldUnderReinsuranceTreaties
1804000000 USD
CY2018 us-gaap Other Income
OtherIncome
1638000000 USD
CY2017Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
15315000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2018Q3 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
5000000 USD
CY2018 aig Effective Income Tax Rate Reconciliation Tax Attribute Restoration
EffectiveIncomeTaxRateReconciliationTaxAttributeRestoration
0 pure
CY2015Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
74942000000 USD
CY2016 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
2732000000 USD
CY2018 us-gaap Gain Loss On Investments
GainLossOnInvestments
-130000000 USD
CY2018 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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;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;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#005984;' >2018</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' >2017</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#005984;' >2016</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:#005984;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Liability for unpaid loss and loss adjustment expenses, beginning of year</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >78,393</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >77,077</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >74,942</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >(26,708)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(15,532)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(14,339)</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;vertical-align:bottom;border-color:#005984;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >Net Liability for unpaid loss 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:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></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;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >51,685</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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >61,545</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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >60,603</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:#005984;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >Losses and loss adjustment expenses incurred</font><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >:</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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:2;text-align:right;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >22,501</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >21,079</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >20,232</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Prior years, excluding discount and amortization of deferred gain</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >1,429</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >1,565</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5,788</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;text-align:left;vertical-align:bottom;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;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >(252)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >187</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(422)</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > Prior years, amortization of deferred gain on retroactive reinsurance</font><sup><font style='font-family:Arial;font-size:9pt;color:#000000;' >(a)</font></sup></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >(395)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(284)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;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;vertical-align:bottom;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;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:#005984;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >Total losses and loss adjustment expenses incurred</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;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></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;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >23,283</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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >22,547</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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >25,598</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:#005984;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >Losses and loss adjustment expenses paid</font><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >:</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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:2;text-align:right;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >(6,235)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(5,323)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(5,825)</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >(19,254)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(16,241)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(16,908)</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;vertical-align:bottom;border-color:#005984;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >Total losses and loss adjustment expenses paid</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;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></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;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >(25,489)</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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(21,564)</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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(22,733)</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:#005984;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >Other changes</font><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >:</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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:2;text-align:right;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;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;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >(677)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >788</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(463)</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Acquisitions</font><sup><font style='font-family:Arial;font-size:9pt;color:#000000;' >(b)</font></sup></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >3,284</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >23</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Dispositions</font><sup><font style='font-family:Arial;font-size:9pt;color:#000000;' >(c)</font></sup></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >-</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(360)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(1,058)</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Retroactive reinsurance adjustment (net of discount)</font><sup><font style='font-family:Arial;font-size:9pt;color:#000000;' >(d)</font></sup></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >(137)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(11,294)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;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;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Reclassified to liabilities held for sale</font><sup><font style='font-family:Arial;font-size:9pt;color:#000000;' >(e)</font></sup></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >-</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(402)</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;vertical-align:bottom;border-color:#005984;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >Total other changes</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;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></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;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >2,470</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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(10,843)</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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(1,923)</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:#005984;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >Liability for unpaid loss and loss adjustment expenses, end of year:</font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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:2;text-align:right;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >51,949</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >51,685</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >61,545</font></td></tr><tr style='height:12pt;' ><td style='width:355.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' ></font></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >31,690</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >26,708</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;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;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >15,532</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;vertical-align:bottom;border-color:#005984;min-width:355.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >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;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:51pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#0073AE;' >83,639</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:#005984;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</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;vertical-align:bottom;border-color:#005984;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >78,393</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;vertical-align:bottom;border-color:#005984;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;vertical-align:bottom;border-color:#005984;min-width:49.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >77,077</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4pt;margin-bottom:0pt;line-height:9pt;' ><font style='font-family:Arial;font-size:7pt;margin-left:0pt;' >(a</font><font style='font-family:Arial;font-size:7pt;' >) </font><font style='font-family:Arial;font-size:7pt;' > </font><font style='font-family:Arial;font-size:7pt;' >Includes $</font><font style='font-family:Arial;font-size:7pt;' >51</font><font style='font-family:Arial;font-size:7pt;' > million </font><font style='font-family:Arial;font-size:7pt;' >and $25 million </font><font style='font-family:Arial;font-size:7pt;' >fo</font><font style='font-family:Arial;font-size:7pt;' >r the retroactive reinsurance </font><font style='font-family:Arial;font-size:7pt;' >agreement with NICO covering U.S. asbestos exposures for the year ended December 31, 201</font><font style='font-family:Arial;font-size:7pt;' >8 and 2017, respectively. </font></p><p style='text-align:left;margin-top:4pt;margin-bottom:0pt;line-height:9pt;' ><font style='font-family:Arial;font-size:7pt;margin-left:0pt;' >(b</font><font style='font-family:Arial;font-size:7pt;' >)</font><font style='font-family:Arial;font-size:7pt;' > </font><font style='font-family:Arial;font-size:7pt;' > </font><font style='font-family:Arial;font-size:7pt;' >Includes amounts related to </font><font style='font-family:Arial;font-size:7pt;' >the acquisition of Glatfelter in October 2018, Validus in July 2018 and Blackboard U.S. Holdings Inc.</font><font style='font-family:Arial;font-size:7pt;' > in 2017.</font></p><p style='text-align:left;margin-top:4pt;margin-bottom:0pt;line-height:9pt;' ><font style='font-family:Arial;font-size:7pt;margin-left:0pt;' >(c) </font><font style='font-family:Arial;font-size:7pt;' >Includes </font><font style='font-family:Arial;font-size:7pt;' >amounts related to dispositions through the date of disposition. </font><font style='font-family:Arial;font-size:7pt;' >Includes sale of insurance operations to Fairfax, United Guaranty a</font><font style='font-family:Arial;font-size:7pt;' >nd Ascot Underwriting Holdings Limited, and Ascot Employees Corporate Member Limited (Ascot).</font><font style='font-family:Arial;font-size:7pt;' > </font></p><p style='text-align:left;margin-top:4pt;margin-bottom:0pt;line-height:9pt;' ><font style='font-family:Arial;font-size:7pt;margin-left:0pt;' >(d) </font><font style='font-family:Arial;font-size:7pt;' >Includes </font><font style='font-family:Arial;font-size:7pt;' >discount on retroactive</font><font style='font-family:Arial;font-size:7pt;' > </font><font style='font-family:Arial;font-size:7pt;' >insurance in the amount of $180 million and $1.5 billion for the periods</font><font style='font-family:Arial;font-size:7pt;' > ended December 31, </font><font style='font-family:Arial;font-size:7pt;' >2018 and </font><font style='font-family:Arial;font-size:7pt;' >2017</font><font style='font-family:Arial;font-size:7pt;' >, respectively. </font></p><p style='text-align:left;margin-top:4pt;margin-bottom:0pt;line-height:9pt;' ><font style='font-family:Arial;font-size:7pt;margin-left:0pt;' >(</font><font style='font-family:Arial;font-size:7pt;' >e) </font><font style='font-family:Arial;font-size:7pt;' > </font><font style='font-family:Arial;font-size:7pt;' >Represents change in loss reserves included in our sale of certain of our insurance operations and certain assets to Fairfax for the period ended December 31, 2016. Upon consummation of the sale, we retained a portion of these reserves through reinsur</font><font style='font-family:Arial;font-size:7pt;' >ance arrangements. </font></p></div>
CY2018Q4 us-gaap Other Investments
OtherInvestments
19341000000 USD
CY2017 aig Loss And Loss Adjustment Expense Reserves Sold
LossAndLossAdjustmentExpenseReservesSold
360000000 USD
CY2016 us-gaap Interest Credited To Policyholders Account Balances
InterestCreditedToPolicyholdersAccountBalances
3705000000 USD
CY2018 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
1000000 USD
CY2017Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2500000000 USD
CY2018 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
27412000000 USD
CY2017Q4 aig Trading Securities Fair Value Percentage
TradingSecuritiesFairValuePercentage
1 pure
CY2016 aig Other Comprehensive Income Unrealized Holding Gain Loss On Fixed Maturity Investments On Which Other Than Temporary Impairments Were Taken After Taxes
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnFixedMaturityInvestmentsOnWhichOtherThanTemporaryImpairmentsWereTakenAfterTaxes
-270000000 USD
CY2016 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
22000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4082000000 USD
CY2017 aig Contributionsfromtosubsidiariesnet
Contributionsfromtosubsidiariesnet
0 USD
CY2017 aig Increase Decrease In Loss Reserve Discount Related To Interest Rate Change
IncreaseDecreaseInLossReserveDiscountRelatedToInterestRateChange
-71000000 USD
CY2016 aig Increase Decrease In Loss Reserve Discount Related To Current Ay
IncreaseDecreaseInLossReserveDiscountRelatedToCurrentAy
177000000 USD
CY2018 us-gaap Life Premiums As Percentage Of Gross Premiums
LifePremiumsAsPercentageOfGrossPremiums
0.024 pure
CY2017 aig Dilutive Shares Excluded From Computation Of Diluted Earnings Per Share
DilutiveSharesExcludedFromComputationOfDilutedEarningsPerShare
22412682 shares
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
182000000 USD
CY2017 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
42000000 USD
CY2017 aig Effective Income Tax Rate Reconciliation Effect Of Discontinued Operations
EffectiveIncomeTaxRateReconciliationEffectOfDiscontinuedOperations
0.002 pure
CY2017 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
1643000000 USD
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3672000000 USD
CY2017Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2017 us-gaap Interest Credited To Policyholders Account Balances
InterestCreditedToPolicyholdersAccountBalances
3592000000 USD
CY2018 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-443000000 USD
CY2018 us-gaap Supplementary Insurance Information Premiums Written
SupplementaryInsuranceInformationPremiumsWritten
26606000000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
69000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
173000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2200000000 USD
CY2018Q4 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-21000000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6890000000 USD
CY2017Q4 us-gaap Supplementary Insurance Information Other Policy Claims And Benefits Payable
SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable
860000000 USD
CY2018 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
63000000 USD
CY2017 us-gaap Supplementary Insurance Information Net Investment Income
SupplementaryInsuranceInformationNetInvestmentIncome
14179000000 USD
CY2017 aig Other Investment Charges
OtherInvestmentCharges
-30000000 USD
CY2018 aig Change In Reinsurance Assets And Funds Held Under Reinsurance Treaties
ChangeInReinsuranceAssetsAndFundsHeldUnderReinsuranceTreaties
3289000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
601000000 USD
CY2018 us-gaap Net Investment Income
NetInvestmentIncome
12476000000 USD
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2018Q4 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
-3000000 USD
CY2016 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
5000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
604000000 USD
CY2017 us-gaap Supplementary Insurance Information Premiums Written
SupplementaryInsuranceInformationPremiumsWritten
25756000000 USD
CY2015Q4 us-gaap Goodwill Gross
GoodwillGross
5090000000 USD
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
3477000000 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2544000000 USD
CY2018 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-56000000 USD
CY2016 aig Defined Contribution Plan Pre Tax Expense
DefinedContributionPlanPreTaxExpense
236000000 USD
CY2017 aig Liability For Unpaid Claims And Claims Adjustment Expense Other Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOtherNet
-10843000000 USD
CY2018Q4 aig Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years Excluding Accretion Of Discount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYearsExcludingAccretionOfDiscount
546000000 USD
CY2018Q4 aig Workers Compensation Discount Amount Tabular
WorkersCompensationDiscountAmountTabular
603000000 USD
CY2018 us-gaap Increase Decrease In Other Insurance Liabilities
IncreaseDecreaseInOtherInsuranceLiabilities
0 USD
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
9000000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5205799 shares
CY2016 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
81000000 USD
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
62000000 USD
CY2018 aig Income Tax Reconciliation Excess Tax Deduction Expense Share Based Compensation Cost Percent
IncomeTaxReconciliationExcessTaxDeductionExpenseShareBasedCompensationCostPercent
-0.051 pure
CY2017Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
CY2016 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2018 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0 USD
CY2018 aig Income Tax Reconciliation Realating To Cross Border Financing Transactions
IncomeTaxReconciliationRealatingToCrossBorderFinancingTransactions
0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
6700000000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
1312000000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
1282000000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
1331000000 USD
CY2018 aig Embedded Derivatives Net Of Related Hedges
EmbeddedDerivativesNetOfRelatedHedges
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