| (in millions) |
American International Group, Inc. (As Guarantor) |
AIGLH |
Other Subsidiaries |
Reclassifications and Eliminations |
Consolidated AIG |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Year Ended December 31, 2013 |
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|
Revenues: |
||||||||||||||||
|
Equity in earnings of consolidated subsidiaries* |
$ | 7,638 | $ | 4,075 | $ | – | $ | (11,713 | ) | $ | – | |||||
|
Other income |
1,487 | 1 | 67,502 | (312 | ) | 68,678 | ||||||||||
|
Total revenues |
9,125 | 4,076 | 67,502 | (12,025 | ) | 68,678 | ||||||||||
|
Expenses: |
||||||||||||||||
|
Interest expense |
1,938 | 126 | 233 | (155 | ) | 2,142 | ||||||||||
|
Loss on extinguishment of debt |
580 | – | 71 | – | 651 | |||||||||||
|
Other expenses |
1,520 | 75 | 55,081 | (159 | ) | 56,517 | ||||||||||
|
Total expenses |
4,038 | 201 | 55,385 | (314 | ) | 59,310 | ||||||||||
|
Income (loss) from continuing operations before income tax expense (benefit) |
5,087 | 3,875 | 12,117 | (11,711 | ) | 9,368 | ||||||||||
|
Income tax expense (benefit) |
(4,012 | ) | (58 | ) | 4,454 | (24 | ) | 360 | ||||||||
|
Income (loss) from continuing operations |
9,099 | 3,933 | 7,663 | (11,687 | ) | 9,008 | ||||||||||
|
Income (loss) from discontinued operations, net of income taxes |
(14 | ) | – | 98 | – | 84 | ||||||||||
|
Net income (loss) |
9,085 | 3,933 | 7,761 | (11,687 | ) | 9,092 | ||||||||||
|
Less: |
||||||||||||||||
|
Total net income attributable to noncontrolling interests |
– | – | 7 | – | 7 | |||||||||||
|
Net income (loss) attributable to AIG |
$ | 9,085 | $ | 3,933 | $ | 7,754 | $ | (11,687 | ) | $ | 9,085 | |||||
|
Year Ended December 31, 2012 |
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|
Revenues: |
||||||||||||||||
|
Equity in earnings of consolidated subsidiaries* |
$ | 1,970 | $ | 2,315 | $ | – | $ | (4,285 | ) | $ | – | |||||
|
Change in fair value of ML III |
2,287 | – | 601 | – | 2,888 | |||||||||||
|
Other income |
1,911 | 49 | 66,556 | (383 | ) | 68,133 | ||||||||||
|
Total revenues |
6,168 | 2,364 | 67,157 | (4,668 | ) | 71,021 | ||||||||||
|
Expenses: |
||||||||||||||||
|
Interest expense |
2,257 | 174 | 271 | (383 | ) | 2,319 | ||||||||||
|
Loss on extinguishment of debt |
9 | – | 23 | – | 32 | |||||||||||
|
Other expenses |
1,602 | – | 64,177 | – | 65,779 | |||||||||||
|
Total expenses |
3,868 | 174 | 64,471 | (383 | ) | 68,130 | ||||||||||
|
Income (loss) from continuing operations before income tax expense (benefit) |
2,300 | 2,190 | 2,686 | (4,285 | ) | 2,891 | ||||||||||
|
Income tax expense (benefit) |
(1,137 | ) | (17 | ) | 346 | – | (808 | ) | ||||||||
|
Income (loss) from continuing operations |
3,437 | 2,207 | 2,340 | (4,285 | ) | 3,699 | ||||||||||
|
Income from discontinued operations, net of income taxes |
1 | – | – | – | 1 | |||||||||||
|
Net income (loss) |
3,438 | 2,207 | 2,340 | (4,285 | ) | 3,700 | ||||||||||
|
Less: |
||||||||||||||||
|
Net income from continuing operations attributable to noncontrolling interests: |
||||||||||||||||
|
Nonvoting, callable, junior and senior preferred interests |
– | – | – | 208 | 208 | |||||||||||
|
Other |
– | – | 54 | – | 54 | |||||||||||
|
Total net income attributable to noncontrolling interests |
– | – | 54 | 208 | 262 | |||||||||||
|
Net income (loss) attributable to AIG |
$ | 3,438 | $ | 2,207 | $ | 2,286 | $ | (4,493 | ) | $ | 3,438 | |||||
| (in millions) |
American International Group, Inc. (As Guarantor) |
AIGLH |
Other Subsidiaries |
Reclassifications and Eliminations |
Consolidated AIG |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Year Ended December 31, 2011 |
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|
Revenues: |
||||||||||||||||
|
Equity in earnings of consolidated subsidiaries* |
$ | 6,260 | $ | 1,586 | $ | – | $ | (7,846 | ) | $ | – | |||||
|
Change in fair value of ML III |
(723 | ) | – | 77 | – | (646 | ) | |||||||||
|
Other income |
1,088 | 189 | 65,663 | (1,189 | ) | 65,751 | ||||||||||
|
Total revenues |
6,625 | 1,775 | 65,740 | (9,035 | ) | 65,105 | ||||||||||
|
Expenses: |
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|
Interest expense on FRBNY Credit Facility |
72 | – | – | (2 | ) | 70 | ||||||||||
|
Other interest expense |
2,845 | 281 | 437 | (1,189 | ) | 2,374 | ||||||||||
|
Loss on extinguishment of debt |
2,847 | – | 61 | – | 2,908 | |||||||||||
|
Other expenses |
867 | – | 59,787 | – | 60,654 | |||||||||||
|
Total expenses |
6,631 | 281 | 60,285 | (1,191 | ) | 66,006 | ||||||||||
|
Income (loss) from continuing operations before income tax expense (benefit) |
(6 | ) | 1,494 | 5,455 | (7,844 | ) | (901 | ) | ||||||||
|
Income tax expense (benefit) |
(19,695 | ) | (103 | ) | 34 | – | (19,764 | ) | ||||||||
|
Income (loss) from continuing operations |
19,689 | 1,597 | 5,421 | (7,844 | ) | 18,863 | ||||||||||
|
Income (loss) from discontinued operations, net of income taxes |
933 | – | 1,536 | (2 | ) | 2,467 | ||||||||||
|
Net income (loss) |
20,622 | 1,597 | 6,957 | (7,846 | ) | 21,330 | ||||||||||
|
Less: |
||||||||||||||||
|
Net income from continuing operations attributable to noncontrolling interests: |
||||||||||||||||
|
Nonvoting, callable, junior and senior preferred interests |
– | – | – | 634 | 634 | |||||||||||
|
Other |
– | – | 55 | – | 55 | |||||||||||
|
Total net income from continuing operations attributable to noncontrolling interests |
– | – | 55 | 634 | 689 | |||||||||||
|
Net Income from discontinued operations attributable to noncontrolling interests |
– | – | 19 | – | 19 | |||||||||||
|
Total net income attributable to noncontrolling interests |
– | – | 74 | 634 | 708 | |||||||||||
|
Net income (loss) attributable to AIG |
$ | 20,622 | $ | 1,597 | $ | 6,883 | $ | (8,480 | ) | $ | 20,622 | |||||
* Eliminated in consolidation.