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Bring on tomorrow - AIG.com

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ITEM 8 / NOTE 27. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT.....................................................................................................................................................................................27. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT..............................................................................................................................................................................................The following c<strong>on</strong>densed c<strong>on</strong>solidating financial statements reflect the results of SunAmerica Financial Group, Inc.(SAFG, Inc.), formerly known as <strong>AIG</strong> Life Holdings (U.S.), Inc. (<strong>AIG</strong>LH), a holding <strong>com</strong>pany and a 100 percentowned subsidiary of <strong>AIG</strong>. <strong>AIG</strong> provides a full and unc<strong>on</strong>diti<strong>on</strong>al guarantee of all outstanding debt of SAFG, Inc.C<strong>on</strong>densed C<strong>on</strong>solidating Balance Sheet..............................................................................................................................................................................................AmericanInternati<strong>on</strong>alReclassificati<strong>on</strong>sGroup, Inc. Other and C<strong>on</strong>solidated(in milli<strong>on</strong>s) (As Guarantor) SAFG, Inc. Subsidiaries Eliminati<strong>on</strong>s <strong>AIG</strong>December 31, 2012Assets:Short-term investmentsOther investments (a)Total investmentsCashLoans to subsidiaries (b)Investment in c<strong>on</strong>solidated subsidiaries (b)Other assets, including current and deferred in<strong>com</strong>e taxesAssets held for saleTotal assetsLiabilities:Insurance liabilitiesOther l<strong>on</strong>g-term debtOther liabilities, including inter<strong>com</strong>pany balances (a)(c)Loans from subsidiaries (b)Liabilities held for saleTotal liabilitiesOtherRedeemable n<strong>on</strong>c<strong>on</strong>trolling interestsTotal <strong>AIG</strong> shareholders’ equityN<strong>on</strong>-redeemable n<strong>on</strong>c<strong>on</strong>trolling interestsTotal equityTotal liabilities and equity$ 14,764 $ – $ 18,323 $ (4,279) $ 28,8083,902 – 345,706 (2,592) 347,01618,666 – 364,029 (6,871) 375,82481 73 997 – 1,15135,064 – 5,169 (40,233) –70,781 43,891 (28,239) (86,433) –23,153 150 121,345 (4,955) 139,693– – 31,965 – 31,965$ 147,745 $ 44,114 $ 495,266 $ (138,492) $ 548,633$ – $ – $ 280,487 $ (235) $ 280,25236,366 1,638 10,197 299 48,50012,375 261 90,022 (9,146) 93,5121,002 472 41,754 (43,228) –– – 27,366 – 27,36649,743 2,371 449,826 (52,310) 449,630– – 192 142 334– – 192 142 33498,002 41,743 44,955 (86,698) 98,002– – 293 374 66798,002 41,743 45,248 (86,324) 98,669$ 147,745 $ 44,114 $ 495,266 $ (138,492) $ 548,633December 31, 2011Assets:Short-term investments $ 12,868 $ – $ 14,110 $ (4,406) $ 22,572Other investments (a) 6,599 – 481,525 (100,258) 387,866Total investments 19,467 – 495,635 (104,664) 410,438Cash 176 13 1,285 – 1,474Loans to subsidiaries (b) 39,971 – (39,971) – –Investment in c<strong>on</strong>solidated subsidiaries (b)(d) 80,990 32,361 (11,463) (101,888) –Other assets, including current and deferred in<strong>com</strong>e taxes 25,019 2,722 117,992 (4,591) 141,142Total assets $ 165,623 $ 35,096 $ 563,478 $ (211,143) $ 553,054Liabilities:Insurance liabilities $ – $ – $ 282,790 $ (274) $ 282,516Other l<strong>on</strong>g-term debt 35,906 1,638 138,240 (100,531) 75,253Other liabilities, including inter<strong>com</strong>pany balances (a)(c)(d) 15,863 249 77,767 (9,510) 84,369Loans from subsidiaries (b) 12,316 2,420 (14,736) – –Total liabilities 64,085 4,307 484,061 (110,315) 442,138Redeemable n<strong>on</strong>c<strong>on</strong>trolling interests (see Note 18):N<strong>on</strong>voting, callable, junior preferred interests held by Department ofthe Treasury – – – 8,427 8,427Other – – 29 67 96Total redeemable n<strong>on</strong>c<strong>on</strong>trolling interests – – 29 8,494 8,523Total <strong>AIG</strong> shareholders’ equity 101,538 30,789 78,996 (109,785) 101,538N<strong>on</strong>-redeemable n<strong>on</strong>c<strong>on</strong>trolling interests – – 392 463 855Total equity 101,538 30,789 79,388 (109,322) 102,393Total liabilities and equity $ 165,623 $ 35,096 $ 563,478 $ (211,143) $ 553,054(a) Includes inter<strong>com</strong>pany derivative asset positi<strong>on</strong>s, which are reported at fair value before credit valuati<strong>on</strong> adjustment.(b) Eliminated in c<strong>on</strong>solidati<strong>on</strong>.(c) For December 31, 2012 and December 31, 2011, includes inter<strong>com</strong>pany tax payable of $6.1 billi<strong>on</strong> and $9.8 billi<strong>on</strong>, respectively, and inter<strong>com</strong>panyderivative liabilities of $602 milli<strong>on</strong> and $901 milli<strong>on</strong>, respectively, for American Internati<strong>on</strong>al Group, Inc. (As Guarantor) and inter<strong>com</strong>pany tax receivable of$120 milli<strong>on</strong> and $128 milli<strong>on</strong>, respectively, for SAFG, Inc...................................................................................................................................................................................................................................<strong>AIG</strong> 2012 Form 10-K 337

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