2007 Annual Report - AIG.com

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American International Group, Inc. and Subsidiaries Consolidated Balance Sheet December 31, (in millions) 2007 2006 Assets: Investments and financial services assets: Fixed maturities: Bonds available for sale, at fair value (amortized cost: 2007 — $393,170; 2006 — $377,163) $ 397,372 $386,869 Bonds held to maturity, at amortized cost (fair value: 2007 — $22,157; 2006 — $22,154) 21,581 21,437 Bond trading securities, at fair value (includes hybrid financial instruments: 2007 — $555; 2006 — $522) 9,982 10,836 Equity securities: Common stocks available for sale, at fair value (cost: 2007 — $12,588; 2006 — $10,662) 17,900 13,256 Common and preferred stocks trading, at fair value 21,376 14,855 Preferred stocks available for sale, at fair value (cost: 2007 — $2,600; 2006 — $2,485) 2,370 2,539 Mortgage and other loans receivable, net of allowance (2007 — $77; 2006 — $64) (includes loans held for sale: 2007 — $399) 33,727 28,418 Financial services assets: Flight equipment primarily under operating leases, net of accumulated depreciation (2007 — $10,499; 2006 — $8,835) 41,984 39,875 Securities available for sale, at fair value (cost: 2007 — $40,157; 2006 — $45,912) 40,305 47,205 Trading securities, at fair value 4,197 5,031 Spot commodities 238 220 Unrealized gain on swaps, options and forward transactions 16,442 19,252 Trade receivables 6,467 4,317 Securities purchased under agreements to resell, at contract value 20,950 30,291 Finance receivables, net of allowance (2007 — $878; 2006 — $737) (includes finance receivables held for sale: 2007 — $233; 2006 — $1,124) 31,234 29,573 Securities lending invested collateral, at fair value (cost: 2007 — $80,641; 2006 — $69,306) 75,662 69,306 Other invested assets 58,823 42,111 Short-term investments, at cost (approximates fair value) 51,351 27,483 Total investments and financial services assets 851,961 792,874 Cash 2,284 1,590 Investment income due and accrued 6,587 6,091 Premiums and insurance balances receivable, net of allowance (2007 — $662; 2006 — $756) 18,395 17,789 Reinsurance assets, net of allowance (2007 — $520; 2006 — $536) 23,103 23,355 Deferred policy acquisition costs 43,150 37,235 Investments in partially owned companies 654 1,101 Real estate and other fixed assets, net of accumulated depreciation (2007 — $5,446; 2006 — $4,940) 5,518 4,381 Separate and variable accounts 78,684 70,277 Goodwill 9,414 8,628 Other assets 20,755 16,089 Total assets $1,060,505 $979,410 See Accompanying Notes to Consolidated Financial Statements. 130 AIG 2007 Form 10-K
American International Group, Inc. and Subsidiaries Consolidated Balance Sheet Continued December 31, (in millions, except share data) 2007 2006 Liabilities: Reserve for losses and loss expenses $ 85,500 $ 79,999 Unearned premiums 28,022 26,271 Future policy benefits for life and accident and health insurance contracts 136,068 121,004 Policyholders’ contract deposits 258,459 248,264 Other policyholders’ funds 12,599 10,986 Commissions, expenses and taxes payable 6,310 5,305 Insurance balances payable 4,878 3,789 Funds held by companies under reinsurance treaties 2,501 2,602 Income taxes payable 3,823 9,546 Financial services liabilities: Securities sold under agreements to repurchase, at contract value 8,331 19,677 Trade payables 10,568 6,174 Securities and spot commodities sold but not yet purchased, at fair value 4,709 4,076 Unrealized loss on swaps, options and forward transactions 20,613 11,401 Trust deposits and deposits due to banks and other depositors 4,903 5,249 Commercial paper and extendible commercial notes 13,114 13,363 Long-term borrowings 162,935 135,316 Separate and variable accounts 78,684 70,277 Securities lending payable 81,965 70,198 Minority interest 10,422 7,778 Other liabilities (includes hybrid financial instruments at fair value: 2007 — $47; 2006 — $111) 30,200 26,267 Total liabilities 964,604 877,542 Preferred shareholders’ equity in subsidiary companies 100 191 Commitments, Contingencies and Guarantees (See Note 12) Shareholders’ equity: Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued 2007 and 2006 — 2,751,327,476 6,878 6,878 Additional paid-in capital 2,848 2,590 Payments advanced to purchase shares (912) — Retained earnings 89,029 84,996 Accumulated other comprehensive income (loss) 4,643 9,110 Treasury stock, at cost; 2007 — 221,743,421; 2006 — 150,131,273 shares of common stock (including 119,293,487 and 119,278,644 shares, respectively, held by subsidiaries) (6,685) (1,897) Total shareholders’ equity 95,801 101,677 Total liabilities, preferred shareholders’ equity in subsidiary companies and shareholders’ equity $1,060,505 $979,410 See Accompanying Notes to Consolidated Financial Statements. AIG 2007 Form 10-K 131
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AMERICAN INTERNATIONAL GROUP, INC.
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FINANCIAL HIGHLIGHTS (in millions,
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overall financial condition, althou
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Group Executive Committee We are ad
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AIG’s life insurance network is t
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We have also begun to address the e
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WHAT WE SEE The ability to see and
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The Major Accounts Practice within
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Around the world, the middle class
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WE SEE GROWTH OPPORTUNITIES IN EMER
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To grow the strength of the AIG glo
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Since 2003, the AIG Disaster Relief
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RESPECT Respect encompasses how we
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Life Insurance & Retirement Service
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Domestic Brokerage Group— Gross P
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In the summer of 2007, widespread f
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in gross premiums written. It launc
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It grew new business premiums from
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emerging markets for its services,
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ILFC—Revenues by Region Total = $
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AIG Investments acquired a 94 perce
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and changing interest rates, as wel
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American International Group, Inc.
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UNITED STATES SECURITIES AND EXCHAN
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Page 191 and 192: Index of Notes to Consolidated Fina
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SHAREHOLDER INFORMATION Corporate H
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2007 Annual Report - AIG.com

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