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ITEM 8 / NOTE 17. TOTAL EQUITY.....................................................................................................................................................................................The following table presents the other comprehensive income (loss) reclassification adjustments for theyears ended December 31, 2012, 2011 and 2010:Unrealized Appreciation(Depreciation) of FixedNet DerivativeMaturity Investments Unrealized Gains (Losses) Change inon Which Other-Than- Appreciation Foreign Arising from RetirementTemporary Credit (Depreciation) Currency Cash Flow PlanImpairments Were of All Other Translation Hedging Liabilities(in millions) Recognized Investments Adjustments Activities Adjustment TotalDecember 31, 2010Unrealized change arising during period $ 2,469 $ 9,270 $ 654 $ (25) $ (89) $ 12,279Less: Reclassification adjustments included in netincome (53) 5,350 2,357 (136) (388) 7,130Total other comprehensive income (loss), before incometax expense (benefit) 2,522 3,920 (1,703) 111 299 5,149Less: Income tax expense (benefit) 1,293 1,627 (775) 17 24 2,186Total other comprehensive income (loss), net of incometax expense (benefit) $ 1,229 $ 2,293 $ (928) $ 94 $ 275 $ 2,963December 31, 2011Unrealized change arising during period $ 84 $4,222 $ (97) $ (5) $ (440) $ 3,764Less: Reclassification adjustments included in netincome (5) 5,345 1,681 (56) (335) 6,630Total other comprehensive income (loss), beforeincome tax expense (benefit) 89 (1,123) (1,778) 51 (105) (2,866)Less: Income tax expense (benefit) 163 362 (786) 34 (35) (262)Total other comprehensive income (loss), net ofincome tax expense (benefit) $ (74) $(1,485) $ (992) $ 17 $ (70) $ (2,604)December 31, 2012Unrealized change arising during periodLess: Reclassification adjustments included in netincomeTotal other comprehensive income, beforeincome tax expense (benefit)Less: Income tax expense (benefit)Total other comprehensive income, net ofincome tax expense (benefit)$2,236 $8,896 $ (33) $ (2) $ (406) $10,69164 1,764 – (35) (87) 1,7062,172 7,132 (33) 33 (319) 8,985886 2,252 (33) 16 (232) 2,889$1,286 $4,880 $ – $ 17 $ (87) $ 6,096..................................................................................................................................................................................................................................AIG 2012 Form 10-K 309
ITEM 8 / NOTE 18. NONCONTROLLING INTERESTS.....................................................................................................................................................................................18. NONCONTROLLING INTERESTS..............................................................................................................................................................................................The following table presents a rollforward of non-controlling interests:Year Ended December 31, 2012Balance, beginning of yearRepayment to Department of the TreasuryNet contributions (distributions)Consolidation (deconsolidation)Comprehensive income:Net incomeOther comprehensive income (loss), net of tax:Unrealized gains on investmentsForeign currency translation adjustmentsTotal other comprehensive income (loss), net of taxTotal comprehensive incomeOtherBalance, end of yearRedeemableNoncontrolling interestsNon-redeemableNoncontrolling interestsHeld byHeld byDepartment(in millions) of Treasury Other Total FRBNY Other Total$ 8,427 $ 96 $ 8,523 $ – $ 855 $ 855(8,635) – (8,635) – – –– 36 36 – (87) (87)– 68 68 – (27) (27)208 14 222 – 40 40– 4 4 – 5 5– – – – (6) (6)– 4 4 – (1) (1)208 18 226 – 39 39– 116 116 – (113) (113)$ – $ 334 $ 334 $ – $ 667 $ 667Year Ended December 31, 2011Balance, beginning of year $ – $ 434 $ 434 $ 26,358 $ 1,562 $ 27,920Repurchase of SPV preferred interests in connection withRecapitalization – – – (26,432) – (26,432)Exchange of consideration for preferred stock in connectionwith Recapitalization 20,292 – 20,292 – – –Repayment to Department of the Treasury (12,425) – (12,425) – – –Net distributions – (21) (21) – (8) (8)Deconsolidation – (307) (307) – (123) (123)Acquisition of noncontrolling interest – – – – (489) (489)Comprehensive income (loss):Net income (loss) 560 (8) 552 74 82 156Other comprehensive income (loss), net of tax:Unrealized losses on investments – (2) (2) – (155) (155)Foreign currency translation adjustments – – – – 36 36Total other comprehensive income (loss), net of tax – (2) (2) – (119) (119)Total comprehensive income (loss) 560 (10) 550 74 (37) 37Other – – – – (50) (50)Balance, end of year $ 8,427 $ 96 $ 8,523 $ – $ 855 $ 855Redeemable noncontrolling interest..............................................................................................................................................................................................Nonvoting, callable, junior preferred interests held by the Department of Treasury represented preferredinterests in the AIA SPV and ALICO SPV. In connection with the execution of our orderly asset disposition plan, aswell as the repayment of the FRBNY Credit Facility, we transferred two of our wholly owned businesses, AIA andALICO, to two newly created SPVs in exchange for all the common and preferred interests (the SPV PreferredInterests) of those SPVs. On December 1, 2009, AIG transferred the SPV Preferred Interests to the FRBNY inconsideration for a $25 billion reduction of the outstanding loan balance and of the maximum amount of creditavailable under the FRBNY Credit Facility and amended the terms of the FRBNY Credit Facility. As part of theclosing of the Recapitalization, the remaining SPV Preferred Interests, with an aggregate liquidation preference ofapproximately $20.3 billion at January 14, 2011, were purchased from the FRBNY by AIG and transferred to theDepartment of the Treasury as part of the consideration for the exchange of Series F Preferred Stock. Under the..................................................................................................................................................................................................................................310 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 / LIQUIDITY AND CAPITAL RESO
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ITEM 7 / INVESTMENTS...............
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ITEM 7 / ENTERPRISE RISK MANAGEMENT
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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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Page 365 and 366: SignatureTitle/s/ ARTHUR C. MARTINE
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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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