EQUITY (Tables)

3 Months Ended

Mar. 31, 2018

EQUITY

Rollforward of common stock outstanding

Three Months Ended March 31, 2018	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Shares, beginning of year	1,906,671,492	(1,007,626,835)	899,044,657
Shares issued	-	4,021,554	4,021,554
Shares repurchased	-	(5,384,703)	(5,384,703)
Shares, end of period	1,906,671,492	(1,008,989,984)	897,681,508

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
March 15, 2018	March 29, 2018	0.32
March 15, 2017	March 29, 2017	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:

Three Months Ended March 31,
(in millions)		2018		2017
Aggregate repurchases of common stock	$	298	$	3,585
Total number of common shares repurchased		5		56
Aggregate repurchases of warrants	$	2	$	-
Total number of warrants repurchased*		-		-

* For the three-month period ended March 31, 2018, we repurchased 97,553 warrants to purchase shares of AIG Common Stock.

Accumulated Other Comprehensive Income (Loss)

		Unrealized Appreciation								Fair Value of
		(Depreciation) of Fixed		Unrealized						Liabilities Under
		Maturity Securities on		Appreciation		Foreign		Retirement		Fair Value Option
		Which Other-Than-		(Depreciation)		Currency		Plan		Attributable to
		Temporary Credit		of All Other		Translation		Liabilities		Changes in
(in millions)		Impairments Were Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Balance, December 31, 2017, net of tax	$	793	$	7,693	$	(2,090)	$	(931)	$	-	$	5,465
Cumulative effect of change in
accounting principles		169		(285)		(284)		(183)		7		(576)
Change in unrealized depreciation of investments		(240)		(4,754)		-		-		-		(4,994)
Change in deferred policy acquisition costs
adjustment and other		30		634		-		-		-		664
Change in future policy benefits		-		741		-		-		-		741
Change in foreign currency translation adjustments		-		-		172		-		-		172
Change in net actuarial loss		-		-		-		16		-		16
Change in prior service credit		-		-		-		(4)		-		(4)
Change in deferred tax asset (liability)		60		671		(14)		17		-		734
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		2		2
Total other comprehensive income (loss)		(150)		(2,708)		158		29		2		(2,669)
Noncontrolling interests		-		-		-		-		-		-
Balance, March 31, 2018, net of tax	$	812	$	4,700	$	(2,216)	$	(1,085)	$	9	$	2,220
Balance, December 31, 2016, net of tax	$	426	$	6,405	$	(2,629)	$	(972)	$	-	$	3,230
Change in unrealized appreciation of investments		143		690		-		-		-		833
Change in deferred policy acquisition costs
adjustment and other*		32		38		-		-		-		70
Change in future policy benefits		-		(86)		-		-		-		(86)
Change in foreign currency translation adjustments		-		-		(304)		-		-		(304)
Change in net actuarial loss		-		-		-		25		-		25
Change in prior service cost		-		-		-		3		-		3
Change in deferred tax asset (liability)		(61)		53		28		(10)		-		10
Total other comprehensive income (loss)		114		695		(276)		18		-		551
Noncontrolling interests		-		-		-		-		-		-
Balance, March 31, 2017, net of tax	$	540	$	7,100	$	(2,905)	$	(954)	$	-	$	3,781

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

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation
		(Depreciation) of Fixed								Fair Value of
		Maturity Investments		Unrealized						Liabilities Under
		on Which Other-Than-		Appreciation		Foreign		Retirement		Fair Value Option
		Temporary Credit		(Depreciation)		Currency		Plan		Attributable to
		Impairments Were		of All Other		Translation		Liabilities		Changes in
(in millions)		Recognized		Investments		Adjustments		Adjustment		Own Credit Risk		Total
March 31, 2018
Unrealized change arising during period	$	(208)	$	(3,386)	$	172	$	3	$	2	$	(3,417)
Less: Reclassification adjustments
included in net income		2		(7)		-		(9)		-		(14)
Total other comprehensive income (loss),
before income tax expense (benefit)		(210)		(3,379)		172		12		2		(3,403)
Less: Income tax expense (benefit)		(60)		(671)		14		(17)		-		(734)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(150)	$	(2,708)	$	158	$	29	$	2	$	(2,669)
March 31, 2017
Unrealized change arising during period	$	190	$	835	$	(304)	$	18	$	-	$	739
Less: Reclassification adjustments
included in net income		15		193		-		(10)		-		198
Total other comprehensive income (loss),
before income tax expense (benefit)		175		642		(304)		28		-		541
Less: Income tax expense (benefit)		61		(53)		(28)		10		-		(10)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	114	$	695	$	(276)	$	18	$	-	$	551

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
	Three Months Ended March 31,					Affected Line Item in the
(in millions)			2018		2017	Condensed Consolidated Statements of Income
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments		$	2	$	15	Other realized capital gains
Total			2		15
Unrealized appreciation (depreciation) of
all other investments
Investments			24		140	Other realized capital gains
Deferred acquisition costs adjustment			(31)		53	Amortization of deferred policy acquisition costs
Future policy benefits			-		-	Policyholder benefits and losses incurred
Total			(7)		193
Change in retirement plan liabilities adjustment
Prior-service credit			-		-	*
Actuarial losses			(9)		(10)	*
Total			(9)		(10)
Total reclassifications for the period		$	(14)	$	198

* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 13 to the Condensed Consolidated Financial Statements.