EQUITY (Tables)

9 Months Ended

Sep. 30, 2017

EQUITY

Rollforward of common stock outstanding

Nine Months Ended September 30, 2017	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Shares, beginning of year	1,906,671,492	(911,335,651)	995,335,841
Shares issued	-	3,221,892	3,221,892
Shares repurchased	-	(99,677,646)	(99,677,646)
Shares, end of period	1,906,671,492	(1,007,791,405)	898,880,087

Dividends Paid

The following table presents record date, payment date and dividends paid per share on AIG Common Stock:

			Dividends Paid
Record Date	Payment Date		Per Share
September 15, 2017	September 29, 2017	$	0.32
June 14, 2017	June 28, 2017		0.32
March 15, 2017	March 29, 2017		0.32
September 15, 2016	September 29, 2016		0.32
June 13, 2016	June 27, 2016		0.32
March 14, 2016	March 28, 2016		0.32

Repurchases Of Common Stock and Warrant

The following table presents repurchases of AIG Common Stock and warrants to purchase shares of AIG Common Stock:

Nine Months Ended September 30,
(in millions)		2017		2016
Aggregate repurchases of common stock	$	6,275	$	8,506
Total number of common shares repurchased		100		153
Aggregate repurchases of warrants	$	3	$	263
Total number of warrants repurchased*		-		15

* For the nine-month period ended September 30, 2017, we repurchased 185,000 warrants to purchase shares of AIG Common Stock.

Accumulated Other Comprehensive Income (Loss)

		Unrealized Appreciation
		(Depreciation) of Fixed		Unrealized
		Maturity Securities on		Appreciation		Foreign		Retirement
		Which Other-Than-		(Depreciation)		Currency		Plan
		Temporary Credit		of All Other		Translation		Liabilities
(in millions)		Impairments Were Taken		Investments		Adjustments		Adjustment		Total
Balance, December 31, 2016, net of tax	$	426	$	6,405	$	(2,629)	$	(972)	$	3,230
Change in unrealized appreciation of investments		564		3,693		-		-		4,257
Change in deferred policy acquisition costs adjustment and other*		(56)		(1,269)		-		-		(1,325)
Change in future policy benefits		-		(425)		-		-		(425)
Change in foreign currency translation adjustments		-		-		474		-		474
Change in net actuarial loss		-		-		-		134		134
Change in prior service cost		-		-		-		6		6
Change in deferred tax liability		(178)		(159)		(27)		(48)		(412)
Total other comprehensive income		330		1,840		447		92		2,709
Noncontrolling interests		-		-		-		-		-
Balance, September 30, 2017, net of tax	$	756	$	8,245	$	(2,182)	$	(880)	$	5,939
Balance, December 31, 2015, net of tax	$	696	$	5,566	$	(2,879)	$	(846)	$	2,537
Change in unrealized appreciation (depreciation) of investments		(318)		10,873		-		-		10,555
Change in deferred policy acquisition costs adjustment and other		(40)		(887)		-		-		(927)
Change in future policy benefits		-		(2,099)		-		-		(2,099)
Change in foreign currency translation adjustments		-		-		179		-		179
Change in net actuarial loss		-		-		-		13		13
Change in prior service credit		-		-		-		(20)		(20)
Change in deferred tax asset (liability)		248		(1,585)		153		3		(1,181)
Total other comprehensive income (loss)		(110)		6,302		332		(4)		6,520
Noncontrolling interests		-		-		-		-		-
Balance, September 30, 2016, net of tax	$	586	$	11,868	$	(2,547)	$	(850)	$	9,057

* Includes net unrealized gains attributable to businesses held for sale.

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation
		(Depreciation) of Fixed
		Maturity Securities on		Unrealized
		Which Other-Than-		Appreciation		Foreign		Retirement
		Temporary Credit		(Depreciation)		Currency		Plan
		Impairments Were		of All Other		Translation		Liabilities
(in millions)		Taken		Investments		Adjustment		Adjustment		Total
Three Months Ended September 30, 2017
Unrealized change arising during period	$	160	$	831	$	328	$	38	$	1,357
Less: Reclassification adjustments
included in net income		10		133		-		(58)		85
Total other comprehensive income,
before income tax expense		150		698		328		96		1,272
Less: Income tax expense		53		206		3		33		295
Total other comprehensive income,
net of income tax expense	$	97	$	492	$	325	$	63	$	977
Three Months Ended September 30, 2016
Unrealized change arising during period	$	147	$	816	$	21	$	(8)	$	976
Less: Reclassification adjustments
included in net income		6		163		-		(3)		166
Total other comprehensive income,
before income tax expense (benefit)		141		653		21		(5)		810
Less: Income tax expense (benefit)		(76)		187		(90)		(9)		12
Total other comprehensive income,
net of income tax expense (benefit)	$	217	$	466	$	111	$	4	$	798
Nine Months Ended September 30, 2017
Unrealized change arising during period	$	553	$	2,610	$	474	$	62	$	3,699
Less: Reclassification adjustments
included in net income		45		611		-		(78)		578
Total other comprehensive income,
before income tax expense		508		1,999		474		140		3,121
Less: Income tax expense		178		159		27		48		412
Total other comprehensive income,
net of income tax expense	$	330	$	1,840	$	447	$	92	$	2,709
Nine Months Ended September 30, 2016
Unrealized change arising during period	$	(252)	$	8,733	$	179	$	(18)	$	8,642
Less: Reclassification adjustments
included in net income		106		846		-		(11)		941
Total other comprehensive income (loss),
before income tax expense (benefit)		(358)		7,887		179		(7)		7,701
Less: Income tax expense (benefit)		(248)		1,585		(153)		(3)		1,181
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(110)	$	6,302	$	332	$	(4)	$	6,520

Schedule of effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Consolidated Statements of Income

	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income
	Three Months Ended September 30,
(in millions)		2017		2016
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments		$	10	$	6		Other realized capital gains
Total			10		6
Unrealized appreciation (depreciation) of all other investments
Investments			48		182		Other realized capital gains
Deferred acquisition costs adjustment			85		(19)		Amortization of deferred policy acquisition costs
Future policy benefits			-		-		Policyholder benefits and losses incurred
Total			133		163
Change in retirement plan liabilities adjustment
Prior - service credit			-		4		*
Actuarial losses			(58)		(7)		*
Total			(58)		(3)
Total reclassifications for the period		$	85	$	166
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income
	Nine Months Ended September 30,
(in millions)		2017		2016
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments		$	45	$	106		Other realized capital gains
Total			45		106
Unrealized appreciation (depreciation) of all other investments
Investments			415		843		Other realized capital gains
Deferred acquisition costs adjustment			196		3		Amortization of deferred policy acquisition costs
Future policy benefits			-		-		Policyholder benefits and losses incurred
Total			611		846
Change in retirement plan liabilities adjustment
Prior - service credit			1		13		*
Actuarial losses			(79)		(24)		*
Total			(78)		(11)		-
Total reclassifications for the period		$	578	$	941		-

* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 14 to the Condensed Consolidated Financial Statements.