SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2017

SEGMENT INFORMATION

Schedule of continuing operations by reportable segment

The following table presents AIG’s continuing operations by operating segment:

Three Months Ended September 30,	2017				2016
				Pre-Tax				Pre-Tax
		Total		Operating		Total		Operating
(in millions)		Revenues		Income (Loss)		Revenues		Income (Loss)
Commercial Insurance
Liability and Financial Lines	$	2,848	$	(257)	$	3,379	$	948
Property and Special Risks		1,744		(2,605)		2,037		(263)
Total Commercial Insurance		4,592		(2,862)		5,416		685
Consumer Insurance
Individual Retirement		1,343		718		1,380		920
Group Retirement		702		249		717		214
Life Insurance		1,000		112		921		(54)
Personal Insurance		2,909		(71)		2,991		148
Total Consumer Insurance		5,954		1,008		6,009		1,228
Other Operations		1,218		(287)		1,003		(164)
Legacy Portfolio		1,013		286		1,312		(99)
AIG Consolidation and elimination		(119)		(1)		(144)		(6)
Total AIG Consolidated revenues and pre-tax operating income		12,658		(1,856)		13,596		1,644
Reconciling Items from revenues and pre-tax operating income to
revenues and pre-tax income (loss):
Changes in fair value of securities used to hedge guaranteed
living benefits		26		26		17		17
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains		-		84		-		(67)
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements		-		7		-		3
Gain (Loss) on extinguishment of debt		-		(1)		-		14
Net realized capital losses		(922)		(922)		(765)		(765)
Gain (loss) from divested businesses		-		(13)		-		128
Non-operating litigation reserves and settlements		1		-		1		5
Net loss reserve discount (benefit) charge		-		(48)		-		(32)
Pension expense related to a one-time lump sum payment to former employees		-		(49)		-		-
Restructuring and other costs		-		(31)		-		(210)
Other		(12)		-		5		-
Revenues and Pre-tax income (loss)	$	11,751	$	(2,803)	$	12,854	$	737
Nine Months Ended September 30,	2017				2016
				Pre-Tax				Pre-Tax
		Total		Operating		Total		Operating
(in millions)		Revenues		Income (Loss)		Revenues		Income (Loss)
Commercial Insurance
Liability and Financial Lines	$	8,443	$	903	$	10,118	$	2,332
Property and Special Risks		5,365		(2,200)		6,140		(44)
Total Commercial Insurance		13,808		(1,297)		16,258		2,288

Consumer Insurance
Individual Retirement		4,099		1,815		4,382		1,727
Group Retirement		2,116		758		2,053		670
Life Insurance		3,043		272		2,862		(27)
Personal Insurance		8,618		471		8,735		510
Total Consumer Insurance		17,876		3,316		18,032		2,880
Other Operations		3,207		(835)		3,015		(565)
Legacy Portfolio		3,235		1,059		3,003		(94)
AIG Consolidation and elimination		(237)		75		(406)		-
Total AIG Consolidated revenues and pre-tax operating income		37,889		2,318		39,902		4,509
Reconciling Items from revenues and pre-tax operating income to
revenues and pre-tax income:
Changes in fair value of securities used to hedge guaranteed
living benefits		117		117		270		270
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains		-		195		-		(91)
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements		-		(258)		-		15
Gain (Loss) on extinguishment of debt		-		4		-		(76)
Net realized capital losses		(1,106)		(1,106)		(829)		(829)
Gain (loss) from divested businesses		-		(173)		-		351
Non-operating litigation reserves and settlements		17		86		42		43
Net loss reserve discount (benefit) charge		-		(283)		-		(323)
Pension expense related to a one-time lump sum payment to former employees		-		(50)		-		-
Restructuring and other costs		-		(259)		-		(488)
Other		(32)		-		(28)		-
Revenues and Pre-tax income	$	36,885	$	591	$	39,357	$	3,381