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ITEM 7 / INVESTMENTS.....................................................................................................................................................................................Available-for-Sale Investments..............................................................................................................................................................................................The following table presents the fair value of our available-for-sale securities:Fair Value at Fair Value atDecember 31, December 31,(in millions) 2012 2011Bonds available for sale:U.S. government and government sponsored entities $ 3,483 $ 6,078Obligations of states, municipalities and political subdivisions 35,705 37,498Non-U.S. governments 26,800 25,735Corporate debt 151,112 144,818Mortgage-backed, asset-backed and collateralized:RMBS 34,392 34,604CMBS 10,134 7,946CDO/ABS 8,333 7,302Total mortgage-backed, asset-backed and collateralized 52,859 49,852Total bonds available for sale * 269,959 263,981Equity securities available for sale:Common stock 3,029 3,421Preferred stock 78143Mutual funds 10560Total equity securities available for sale 3,212 3,624Total $ 273,171 $ 267,605* At December 31, 2012 and December 31, 2011, bonds available for sale held by us that were below investment grade or not rated totaled$29.6 billion and $24.2 billion, respectively.Investments in Municipal Bonds..............................................................................................................................................................................................At December 31, 2012, the U.S. municipal bond portfolio was composed primarily of essential service revenue bondsand high-quality tax-backed bonds with 97 percent of the portfolio rated A or higher...................................................................................................................................................................................................................................AIG 2012 Form 10-K 143
ITEM 7 / INVESTMENTS.....................................................................................................................................................................................The following table presents the fair values of our available for sale U.S. municipal bond portfolio by stateand municipal bond type:December 31, 2012 State Local TotalGeneral General Fair(in millions) Obligation Obligation Revenue ValueState:CaliforniaTexasNew YorkWashingtonMassachusettsIllinoisFloridaVirginiaArizonaGeorgiaOhioWisconsinPennsylvaniaAll other states$ 674 $ 1,292 $ 3,301 $ 5,267201 2,377 2,135 4,71346 833 3,706 4,585717 278 831 1,826919 – 891 1,810159 671 710 1,540510 9 1,017 1,53689 150 855 1,094– 162 820 982490 42 386 918215 150 525 890325 49 368 742459 82 197 7381,750 1,302 6,012 9,064Total (a)(b)(a) Excludes certain university and not- for- profit entities that issue their bonds in the corporate debt market. Includes industrial revenue bonds.$ 6,554 $ 7,397 $ 21,754 $ 35,705(b)Includes $7.9 billion of pre-refunded municipal bonds.Investments in Corporate Debt Securities..............................................................................................................................................................................................The following table presents the industry categories of our available for sale corporate debt securities basedon amortized cost:December 31, December 31,Industry Category 2012 2011Financial institutions:Money Center /Global Bank Groups 8%9%Regional banks – other 11Life insurance 34Securities firms and other finance companies ––Insurance non-life 43Regional banks – North America 56Other financial institutions 55Utilities 1616Communications 88Consumer noncyclical 1211Capital goods 66Energy 77Consumer cyclical 77Other 1817Total * 100% 100%* At December 31, 2012 and December 31, 2011, approximately 94 percent and 95 percent, respectively, of these investments were ratedinvestment grade...................................................................................................................................................................................................................................144 AIG 2012 Form 10-K
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American International Group, Inc.2
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KEY FACTS & FIGURES52,000+ $65.7 bi
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■We said we would return to profi
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Financial HighlightsYears Ended Dec
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~63,000AIG EMPLOYEES AROUND THE WOR
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$115.1 millionAVERAGE CLAIMS PAID E
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$10,000MAXIMUM DONATION MADE BY AIG
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American International Group, Inc.F
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AMERICAN INTERNATIONAL GROUP, INC.A
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ITEM 1 / BUSINESS / AIG............
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ITEM 1 / BUSINESS / AIG............
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ITEM 1 / BUSINESS / AIG PROPERTY CA
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ITEM 1 / BUSINESS / AIG PROPERTY CA
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ITEM 1 / BUSINESS / AIG LIFE AND RE
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ITEM 1 / BUSINESS / OTHER OPERATION
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ITEM 1 / BUSINESS / OTHER OPERATION
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ITEM 1 / BUSINESS..................
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ITEM 1 / BUSINESS..................
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ITEM 1 / BUSINESS..................
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ITEM 1 / BUSINESS..................
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ITEM 1 / BUSINESS..................
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ITEM 1A / RISK FACTORS.............
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ITEM 1B / UNRESOLVED STAFF COMMENTS
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ITEM 5 / MARKET FOR REGISTRANT’S
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ITEM 6 / SELECTED FINANCIAL DATA...
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ITEM 6 / SELECTED FINANCIAL DATA...
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ITEM 7 / MANAGEMENT’S DISCUSSION
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ITEM 7 / USE OF NON-GAAP MEASURES..
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ITEM 7 / EXECUTIVE SUMMARY.........
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ITEM 7 / RESULTS OF OPERATIONS.....
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ITEM 7 / CRITICAL ACCOUNTING ESTIMA
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ITEM 7 / GLOSSARY..................
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ITEM 7 / GLOSSARY..................
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ITEM 7A / QUANTITATIVE AND QUALITAT
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ITEM 8 / INDEX TO FINANCIAL STATEME
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AMERICAN INTERNATIONAL GROUP, INC.C
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ITEM 8 / NOTE 1. BASIS OF PRESENTAT
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ITEM 8 / NOTE 2. SUMMARY OF SIGNIFI
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ITEM 8 / NOTE 3. SEGMENT INFORMATIO
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ITEM 8 / NOTE 3. SEGMENT INFORMATIO
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ITEM 8 / NOTE 4. DIVESTED BUSINESSE
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ITEM 8 / NOTE 4. DIVESTED BUSINESSE
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ITEM 8 / NOTE 5. BUSINESS COMBINATI
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ITEM 8 / NOTE 6. FAIR VALUE MEASURE
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ITEM 8 / NOTE 7. INVESTMENTS.......
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ITEM 8 / NOTE 8. LENDING ACTIVITIES
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ITEM 8 / NOTE 9. REINSURANCE.......
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ITEM 8 / NOTE 10. DEFERRED POLICY A
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ITEM 8 / NOTE 10. DEFERRED POLICY A
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ITEM 8 / NOTE 11. VARIABLE INTEREST
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ITEM 8 / NOTE 11. VARIABLE INTEREST
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ITEM 8 / NOTE 12. DERIVATIVES AND H
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ITEM 8 / NOTE 13. LIABILITY FOR UNP
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ITEM 8 / NOTE 14. VARIABLE LIFE AND
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ITEM 8 / NOTE 15. DEBT OUTSTANDING.
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ITEM 8 / NOTE 15. DEBT OUTSTANDING.
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ITEM 8 / NOTE 16. CONTINGENCIES, CO
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ITEM 8 / NOTE 17. TOTAL EQUITY.....
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ITEM 8 / NOTE 18. NONCONTROLLING IN
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ITEM 8 / NOTE 19. EARNINGS (LOSS) P
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ITEM 8 / NOTE 20. STATUTORY FINANCI
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ITEM 8 / NOTE 21. SHARE-BASED COMPE
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ITEM 8 / NOTE 21. SHARE-BASED COMPE
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ITEM 8 / NOTE 22. EMPLOYEE BENEFITS
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ITEM 8 / NOTE 24. INCOME TAXES.....
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ITEM 8 / NOTE 26. QUARTERLY FINANCI
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ITEM 8 / NOTE 27. INFORMATION PROVI
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PART II............................
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PART IV............................
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SignatureTitle/s/ ARTHUR C. MARTINE
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ExhibitNumber Description Location(
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Condensed Financial Information of
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Condensed Financial Information of
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Notes to Condensed Financial Inform
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Supplementary Insurance Information
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Valuation and Qualifying AccountsFo
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Subsidiaries of RegistrantExhibit 2
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Percentageof VotingSecuritiesJurisd
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Percentageof VotingSecuritiesJurisd
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CONSENT OF INDEPENDENT REGISTERED P
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CERTIFICATIONSI, Robert H. Benmosch
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CERTIFICATIONExhibit 32In connectio
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SECURITIES REGISTERED PURSUANT TO S
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American International Group, Inc.1
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