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INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Tables)
 3 Months Ended
Mar. 31, 2014
INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT  
Condensed Consolidating Balance Sheets
American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
March 31, 2014
Assets:
Short-term investments$ 10,249$ -$ 9,029$ (1,620)$ 17,658
Other investments(a) 7,145 - 332,732 - 339,877
Total investments 17,394 - 341,761 (1,620) 357,535
Cash 60 9 2,421 - 2,490
Loans to subsidiaries(b) 31,013 - 735 (31,748) -
Investment in consolidated subsidiaries(b) 69,439 39,574 - (109,013) -
Other assets, including deferred income taxes 23,726 206 134,139 (1,752) 156,319
Assets held for sale - - 30,767 - 30,767
Total assets$ 141,632$ 39,789$ 509,823$ (144,133)$ 547,111
Liabilities:
Insurance liabilities$ -$ -$ 273,598$ -$ 273,598
Long-term debt 28,657 1,352 9,499 - 39,508
Other liabilities, including intercompany balances(a)(c) 8,334 96 98,686 (3,346) 103,770
Loans from subsidiaries(b) 808 100 30,933 (31,841) -
Liabilities held for sale - - 25,815 - 25,815
Total liabilities 37,799 1,548 438,531 (35,187) 442,691
Redeemable noncontrolling interests (see Note 12) - - 27 - 27
Total AIG shareholders’ equity 103,833 38,241 70,705 (108,946) 103,833
Non-redeemable noncontrolling interests - - 560 - 560
Total equity 103,833 38,241 71,265 (108,946) 104,393
Total liabilities and equity$ 141,632$ 39,789$ 509,823$ (144,133)$ 547,111
December 31, 2013
Assets:
Short-term investments$ 11,965$ -$ 11,404$ (1,752)$ 21,617
Other investments(a) 7,561 - 327,250 - 334,811
Total investments 19,526 - 338,654 (1,752) 356,428
Cash 30 51 2,160 - 2,241
Loans to subsidiaries(b) 31,220 - 854 (32,074) -
Investment in consolidated subsidiaries(b) 66,201 39,103 - (105,304) -
Other assets, including deferred income taxes 21,606 112 132,492 (1,086) 153,124
Assets held for sale - - 29,536 - 29,536
Total assets$ 138,583$ 39,266$ 503,696$ (140,216)$ 541,329
Liabilities:
Insurance liabilities$ -$ -$ 271,252$ -$ 271,252
Long-term debt 30,839 1,352 9,502 - 41,693
Other liabilities, including intercompany balances(a)(c) 6,422 161 98,908 (2,766) 102,725
Loans from subsidiaries(b) 852 200 31,173 (32,225) -
Liabilities held for sale - - 24,548 - 24,548
Total liabilities 38,113 1,713 435,383 (34,991) 440,218
Redeemable noncontrolling interests (see Note 12) - - 30 - 30
Total AIG shareholders’ equity 100,470 37,553 67,672 (105,225) 100,470
Non-redeemable noncontrolling interests - - 611 - 611
Total equity 100,470 37,553 68,283 (105,225) 101,081
Total liabilities and equity$ 138,583$ 39,266$ 503,696$ (140,216)$ 541,329

(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment.

(b) Eliminated in consolidation.

(c) For March 31, 2014 and December 31, 2013, includes intercompany tax payable of $2.7 billion and $1.4 billion, respectively, and intercompany derivative liabilities of $246 million and $249 million, respectively, for American International Group, Inc. (As Guarantor) and intercompany tax receivable (payable) of $ (19) million and $98 million, respectively, for AIGLH.
Condensed Consolidating Statements of Income (loss)
American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
Three Months Ended March 31, 2014
Revenues:
Equity in earnings of consolidated subsidiaries*$ 1,985$ 730$ -$ (2,715)$ -
Other income 224 - 16,000 (112) 16,112
Total revenues 2,209 730 16,000 (2,827) 16,112
Expenses:
Interest expense 422 29 61 (33) 479
Loss on extinguishment of debt 288 - - (50) 238
Other expenses 242 1 12,918 (39) 13,122
Total expenses 952 30 12,979 (122) 13,839
Income (loss) from continuing operations before income tax
expense (benefit) 1,257 700 3,021 (2,705) 2,273
Income tax expense (benefit) (349) (144) 1,126 (19) 614
Income (loss) from continuing operations 1,606 844 1,895 (2,686) 1,659
Income (loss) from discontinued operations, net of income taxes 3 - (50) - (47)
Net income (loss) 1,609 844 1,845 (2,686) 1,612
Less:
Total net income attributable to
noncontrolling interests - - 3 - 3
Net income (loss) attributable to AIG$ 1,609$ 844$ 1,842$ (2,686)$ 1,609
Three Months Ended March 31, 2013
Revenues:
Equity in earnings of consolidated subsidiaries*$ 1,891$ 670$ -$ (2,561)$ -
Other income 294 - 16,737 (69) 16,962
Total revenues 2,185 670 16,737 (2,630) 16,962
Expenses:
Interest expense 528 36 82 (69) 577
Loss on extinguishment of debt 269 - 71 - 340
Other expenses 258 71 12,841 - 13,170
Total expenses 1,055 107 12,994 (69) 14,087
Income (loss) from continuing operations before income tax
expense (benefit) 1,130 563 3,743 (2,561) 2,875
Income tax expense (benefit) (1,080) (11) 1,808 - 717
Income (loss) from continuing operations 2,210 574 1,935 (2,561) 2,158
Income (loss) from discontinued operations, net of income taxes (4) - 77 - 73
Net income (loss) 2,206 574 2,012 (2,561) 2,231
Less:
Net income from continuing operations attributable to
noncontrolling interests:
Other - - 25 - 25
Total net income attributable to noncontrolling interests - - 25 - 25
Net income (loss) attributable to AIG$ 2,206$ 574$ 1,987$ (2,561)$ 2,206

* Eliminated in consolidation.
Condensed Consolidating Statements of Comprehensive Income (loss)
American
InternationalReclassifications
Group, Inc.OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
Three Months Ended March 31, 2014
Net income (loss)$ 1,609$ 844$ 1,845$ (2,686)$ 1,612
Other comprehensive income (loss) 2,725 1,494 1,849 (3,343) 2,725
Comprehensive income (loss) 4,334 2,338 3,694 (6,029) 4,337
Total comprehensive income attributable to noncontrolling interests - - 3 - 3
Comprehensive income (loss) attributable to AIG$ 4,334$ 2,338$ 3,691$ (6,029)$ 4,334
Three Months Ended March 31, 2013
Net income (loss)$ 2,206$ 574$ 2,012$ (2,561)$ 2,231
Other comprehensive income (loss) (735) (639) (920) 1,559 (735)
Comprehensive income (loss) 1,471 (65) 1,092 (1,002) 1,496
Total comprehensive income attributable to noncontrolling interests - - 25 - 25
Comprehensive income (loss) attributable to AIG$ 1,471$ (65)$ 1,067$ (1,002)$ 1,471
Condensed Consolidating Statements of Cash Flows
American Other
International Subsidiaries
Group, Inc. andConsolidated
(in millions)(As Guarantor)AIGLHEliminationsAIG
Three Months Ended March 31, 2014
Net cash (used in) provided by operating activities 875 1,711 (1,823) 763
Cash flows from investing activities:
Sales of investments 430 - 14,813 15,243
Purchase of investments (38) - (14,260) (14,298)
Loans to subsidiaries – net 295 - (295) -
Contributions to subsidiaries – net 40 - (40) -
Net change in restricted cash (6) - (661) (667)
Net change in short-term investments 2,027 - 1,561 3,588
Other, net (16) - (67) (83)
Net cash provided by investing activities 2,732 - 1,051 3,783
Cash flows from financing activities:
Issuance of long-term debt - - 1,583 1,583
Repayments of long-term debt (2,196) - (1,085) (3,281)
Purchase of Common Stock (867) - - (867)
Intercompany loans - net (47) (100) 147 -
Cash dividends paid (182) (1,653) 1,653 (182)
Other, net (285) - (1,257) (1,542)
Net cash (used in) provided by financing activities (3,577) (1,753) 1,041 (4,289)
Effect of exchange rate changes on cash - - (11) (11)
Change in cash 30 (42) 258 246
Cash at beginning of year 30 51 2,160 2,241
Reclassification to assets held for sale - - 3 3
Cash at end of period$ 60$ 9$ 2,421$ 2,490
Three Months Ended March 31, 2013
Net cash (used in) provided by operating activities (606) 1,243 (786) (149)
Cash flows from investing activities:
Sales of investments 212 - 16,932 17,144
Purchase of investments (2,448) - (16,214) (18,662)
Loans to subsidiaries – net 1,710 - (1,710) -
Contributions to subsidiaries – net (30) - 30 -
Net change in restricted cash - - 296 296
Net change in short-term investments 3,255 - 2,224 5,479
Other, net 179 - (472) (293)
Net cash provided by investing activities 2,878 - 1,086 3,964
Cash flows from financing activities:
Issuance of long-term debt - - 1,395 1,395
Repayments of long-term debt (2,149) (245) (1,943) (4,337)
Intercompany loans - net 97 (93) (4) -
Purchase of common stock - - - -
Cash dividends paid to shareholders - (978) 978 -
Other, net (243) - (533) (776)
Net cash (used in) financing activities (2,295) (1,316) (107) (3,718)
Effect of exchange rate changes on cash - - (36) (36)
Change in cash (23) (73) 157 61
Cash at beginning of year 81 73 997 1,151
Change in cash of businesses held for sale - - 15 15
Cash at end of period$ 58$ -$ 1,169$ 1,227
Supplementary Disclosure of Condensed Consolidating Cash Flow Information
AmericanOther
InternationalSubsidiaries
Group, Inc.andConsolidated
(in millions)(As Guarantor)AIGLHEliminationsAIG
Cash (paid) received during the 2014 period for:
Interest:
Third party$ (363)$ (41)$ (436)$ (840)
Intercompany (1) (4) 5 -
Taxes:
Income tax authorities$ (3)$ -$ (162)$ (165)
Intercompany 289 - (289) -
Cash (paid) received during the 2013 period for:
Interest:
Third party$ (434)$ (44)$ (505)$ (983)
Intercompany (4) (13) 17 -
Taxes:
Income tax authorities$ -$ -$ (103)$ (103)
Intercompany 210 (78) (132) -
Supplementary disclosure of non-cash activities
Three Months Ended March 31,
(in millions)20142013
Intercompany non-cash financing and investing activities:
Capital contributions
to subsidiaries through forgiveness of loans$ 993$ -
Other capital contributions - net - 118