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SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2017
SEGMENT INFORMATION  
Schedule of continuing operations by reportable segment
NetAdjusted
TotalInvestmentInterestAmortizationPre-Tax
(in millions) RevenuesIncomeExpenseof DACIncome (Loss)
2017
General Insurance
North America$14,600$3,145$31$1,305$(232)
International15,094523(9)2,460(581)
Total General Insurance29,6943,668223,765(813)
Life and Retirement
Individual Retirement5,5144,013584152,289
Group Retirement2,8482,16432841,004
Life Insurance4,0561,04413239274
Institutional Markets3,16859565264
Total Life and Retirement15,5867,8161097433,831
Other Operations1,41353968(9)(1,405)
Legacy Portfolio4,3912,776122761,470
AIG Consolidation and elimination(308)(280)(53)475
Total AIG Consolidated adjusted revenues and adjusted
pre-tax income$50,776$14,033$1,168$4,579$3,158
Reconciling Items from adjusted pre-tax income to
pre-tax income (loss):
Changes in fair value of securities used to hedge guaranteed
living benefits146146--146
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains---(291)303
Other income (expense) - net(49)----
Gain on extinguishment of debt----5
Net realized capital losses(1,380)---(1,380)
Income from divested businesses----68
Non-operating litigation reserves and settlements27---129
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements----(303)
Net loss reserve discount (benefit) charge----(187)
Pension expense related to a one-time lump sum payment to
former employees----(60)
Restructuring and other costs----(413)
Revenues and Pre-tax income$49,520$14,179$1,168$4,288$1,466
2016
General Insurance
North America$17,005$3,041$28$1,444$(2,399)
International16,135513-2,677348
Total General Insurance33,1403,554284,121(2,051)
Life and Retirement
Individual Retirement5,7583,878502982,269
Group Retirement2,7692,14626129931
Life Insurance3,8181,03512182(37)
Institutional Markets1,43356344265
Total Life and Retirement13,7787,622926133,428
Other Operations2,51720797872(1,011)
Legacy Portfolio5,2502,9132821081,007
AIG Consolidation and elimination(494)(351)(120)(117)42
Total AIG Consolidated adjusted revenues and adjusted
pre-tax income$54,191$13,945$1,260$4,797$1,415
Reconciling Items from adjusted pre-tax income to
pre-tax income:
Changes in fair value of securities used to hedge guaranteed
living benefits120120--120
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains---(276)195
Other income (expense) - net(44)----
Loss on extinguishment of debt----(74)
Net realized capital losses(1,944)---(1,944)
Loss from divested businesses----545
Non-operating litigation reserves and settlements44---41
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements----42
Net loss reserve discount (benefit) charge----427
Pension expense related to a one-time lump sum payment to
former employees----(147)
Restructuring and other costs----(694)
Revenues and Pre-tax income$52,367$14,065$1,260$4,521$(74)
2015
General Insurance
North America$18,482$3,196$13$1,699$558
International16,186550-2,62070
Total General Insurance34,6683,746134,319628
Life and Retirement
Individual Retirement6,4503,805274311,812
Group Retirement2,8342,19215501,100
Life Insurance3,7711,0347311(51)
Institutional Markets2,26751032263
Total Life and Retirement15,3227,541527943,124
Other Operations2,3261961,02747(825)
Legacy Portfolio5,7712,9282921021,133
AIG Consolidation and elimination(496)(315)(103)(26)(76)
Total AIG Consolidated adjusted revenues and adjusted
pre-tax income$57,591$14,096$1,281$5,236$3,984
Reconciling Items from adjusted pre-tax income to
pre-tax income:
Changes in fair value of securities used to hedge guaranteed
living benefits(43)(43)--(43)
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains----(15)
Other income (expense) - net(43)----
Loss on extinguishment of debt----(756)
Net realized capital gains776---776
Loss from divested businesses(48)---(59)
Non-operating litigation reserves and settlements94---82
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements----(263)
Net loss reserve discount (benefit) charge----71
Restructuring and other costs----(496)
Revenues and Pre-tax income$58,327$14,053$1,281$5,236$3,281
Schedule of year-end identifiable assets and capital expenditures by reportable segment
Year-End Identifiable AssetsCapital Expenditures
(in millions)2017201620172016
General Insurance companies$114,841$118,287$239$685
Life and Retirement companies289,457269,8138885
Other105,425122,016156349
AIG Consolidation and Elimination(11,422)(11,852)--
Total Assets$498,301$498,264$483$1,119
Schedule of entity's consolidated operations and long-lived assets by major geographic area
Real Estate and Other Fixed Assets,
Total Revenues*Net of Accumulated Depreciation
(in millions)201720162015201720162015
North America$34,149$36,871$41,680$1,630$1,326$1,819
International15,37115,49616,6478921,3341,316
Consolidated$49,520$52,367$58,327$2,522$2,660$3,135

* Revenues are generally reported according to the geographic location of the reporting unit. International revenues consists of revenues from our General Insurance International operating segment.