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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2016
SEGMENT INFORMATION  
Schedule of continuing operations by reportable segment
20162015
Pre-Tax Pre-Tax
Three Months Ended June 30,TotalOperatingTotalOperating
(in millions) RevenuesIncome (Loss) RevenuesIncome (Loss)
Commercial Insurance
Property Casualty$5,540$791$6,233$1,192
Mortgage Guaranty275187261157
Institutional Markets6951101,172151
Total Commercial Insurance6,5101,0887,6661,500
Consumer Insurance
Retirement2,2097412,465804
Life1,6901841,632149
Personal Insurance2,9151792,86970
Total Consumer Insurance6,8141,1046,9661,023
Corporate and Other*450(544)1,119372
AIG consolidation and elimination(205)(28)(116)(27)
Total AIG consolidated operating revenues and pre-tax operating income13,5691,62015,6352,868
Reconciling items from Total revenues and Pre-tax operating income
(loss) to revenues and pre-tax income (loss):
Changes in fair values of securities used to hedge guaranteed
living benefits120120(87)(87)
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains-(64)-(28)
Other income - net-5--
Loss on extinguishment of debt-(7)-(342)
Net realized capital gains1,0421,042126126
Income (loss) from divested businesses-225(33)(34)
Non-operating litigation reserves and settlements777649
Reserve development related to non-operating run-off insurance business----
Restructuring and other costs-(90)--
Other(14)-(18)-
Revenues and pre-tax income$14,724$2,858$15,699$2,552

20162015
Pre-Tax Pre-Tax
Six Months Ended June 30,TotalOperatingTotalOperating
(in millions) RevenuesIncome (Loss) RevenuesIncome (Loss)
Commercial Insurance
Property Casualty$10,818$1,511$12,189$2,362
Mortgage Guaranty536350525302
Institutional Markets1,3141161,796298
Total Commercial Insurance12,6681,97714,5102,962
Consumer Insurance
Retirement4,3231,2024,8531,604
Life3,2872893,245320
Personal Insurance5,7364015,73144
Total Consumer Insurance13,3461,89213,8291,968
Corporate and Other*656(1,277)2,161534
AIG consolidation and elimination(364)(18)(275)(69)
Total AIG consolidated operating revenues and pre-tax operating income26,3062,57430,2255,395
Reconciling items from Total revenues and Pre-tax operating income
(loss) to revenues and pre-tax income (loss):
Changes in fair values of securities used to hedge guaranteed
living benefits253253(43)(43)
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains-(24)-(82)
Other income - net-12--
Loss on extinguishment of debt-(90)-(410)
Net realized capital gains (losses)(64)(64)1,4671,467
Income (loss) from divested businesses-223(48)(55)
Non-operating litigation reserves and settlements41389156
Reserve development related to non-operating run-off insurance business----
Restructuring and other costs-(278)--
Other(33)-(18)-
Revenues and pre-tax income$26,503$2,644$31,674$6,328

* Corporate and Other includes income from assets held by AIG Parent and other corporate subsidiaries.