EQUITY (Tables)

6 Months Ended

Jun. 30, 2018

EQUITY

Rollforward of common stock outstanding

Six Months Ended June 30, 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	-	4,047,626	4,047,626
Shares repurchased	-	(11,878,250)	(11,878,250)
Shares, end of period	1,906,671,492	(1,015,457,459)	891,214,033

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
June 14, 2018	June 28, 2018	0.32
March 15, 2018	March 29, 2018	0.32
June 14, 2017	June 28, 2017	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:

Six Months Ended June 30,
(in millions)		2018		2017
Aggregate repurchases of common stock	$	646	$	6,000
Total number of common shares repurchased		12		95
Aggregate repurchases of warrants	$	4	$	-
Total number of warrants repurchased*		-		-

* For the six-month period ended June 30,2018, we repurchased 266,453 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		(1,608)		(6,358)		-		-		-		(7,966)
Change in deferred policy acquisition costs
adjustment and other		114		905		-		-		-		1,019
Change in future policy benefits		-		1,124		-		-		-		1,124
Change in foreign currency translation adjustments		-		-		(23)		-		-		(23)
Change in net actuarial loss		-		-		-		38		-		38
Change in prior service credit		-		-		-		(2)		-		(2)
Change in deferred tax asset (liability)		298		865		(29)		16		-		1,150
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		1		1
Total other comprehensive income (loss)		(1,196)		(3,464)		(52)		52		1		(4,659)
Noncontrolling interests		-		-		-		-		-		-
Balance, June 30, 2018, net of tax	$	(234)	$	3,944	$	(2,426)	$	(1,062)	$	8	$	230
Balance, December 31, 2016, net of tax	$	426	$	6,405	$	(2,629)	$	(972)	$	-	$	3,230
Change in unrealized appreciation of investments		341		2,838		-		-		-		3,179
Change in deferred policy acquisition costs
adjustment and other*		17		(998)		-		-		-		(981)
Change in future policy benefits		-		(539)		-		-		-		(539)
Change in foreign currency translation adjustments		-		-		146		-		-		146
Change in net actuarial loss		-		-		-		38		-		38
Change in prior service cost		-		-		-		6		-		6
Change in deferred tax asset (liability)		(125)		47		(24)		(15)		-		(117)
Total other comprehensive income		233		1,348		122		29		-		1,732
Noncontrolling interests		-		-		-		-		-		-
Balance, June 30, 2017, net of tax	$	659	$	7,753	$	(2,507)	$	(943)	$	-	$	4,962

* 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
Three Months Ended June 30, 2018
Unrealized change arising during period	$	(1,282)	$	(964)	$	(195)	$	16	$	(1)	$	(2,426)
Less: Reclassification adjustments
included in net income		2		(14)		-		(8)		-		(20)
Total other comprehensive income (loss),
before income tax expense (benefit)		(1,284)		(950)		(195)		24		(1)		(2,406)
Less: Income tax expense (benefit)		(238)		(194)		15		1		-		(416)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(1,046)	$	(756)	$	(210)	$	23	$	(1)	$	(1,990)
Three Months Ended June 30, 2017
Unrealized change arising during period	$	203	$	944	$	450	$	6	$	-	$	1,603
Less: Reclassification adjustments
included in net income		20		285		-		(10)		-		295
Total other comprehensive income,
before income tax expense		183		659		450		16		-		1,308
Less: Income tax expense		64		6		52		5		-		127
Total other comprehensive income,
net of income tax expense	$	119	$	653	$	398	$	11	$	-	$	1,181
Six Months Ended June 30, 2018
Unrealized change arising during period	$	(1,490)	$	(4,350)	$	(23)	$	19	$	1	$	(5,843)
Less: Reclassification adjustments
included in net income		4		(21)		-		(17)		-		(34)
Total other comprehensive income (loss),
before income tax expense (benefit)		(1,494)		(4,329)		(23)		36		1		(5,809)
Less: Income tax expense (benefit)		(298)		(865)		29		(16)		-		(1,150)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(1,196)	$	(3,464)	$	(52)	$	52	$	1	$	(4,659)
Six Months Ended June 30, 2017
Unrealized change arising during period	$	393	$	1,779	$	146	$	24	$	-	$	2,342
Less: Reclassification adjustments
included in net income		35		478		-		(20)		-		493
Total other comprehensive income,
before income tax expense		358		1,301		146		44		-		1,849
Less: Income tax expense (benefit)		125		(47)		24		15		-		117
Total other comprehensive income,
net of income tax expense (benefit)	$	233	$	1,348	$	122	$	29	$	-	$	1,732

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 June 30,
(in millions)		2018		2017
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments		$	2	$	20		Other realized capital gains
Total			2		20
Unrealized appreciation (depreciation) of all other investments
Investments			(15)		227		Other realized capital gains
Deferred acquisition costs adjustment			1		58		Amortization of deferred policy acquisition costs
Future policy benefits			-		-		Policyholder benefits and losses incurred
Total			(14)		285
Change in retirement plan liabilities adjustment
Prior-service credit			1		1		*
Actuarial losses			(9)		(11)		*
Total			(8)		(10)
Total reclassifications for the period		$	(20)	$	295
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income
	Six Months Ended June 30,
(in millions)		2018		2017
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments		$	4	$	35		Other realized capital gains
Total			4		35
Unrealized appreciation (depreciation) of all other investments
Investments			9		367		Other realized capital gains
Deferred acquisition costs adjustment			(30)		111		Amortization of deferred policy acquisition costs
Future policy benefits			-		-		Policyholder benefits and losses incurred
Total			(21)		478
Change in retirement plan liabilities adjustment
Prior-service credit			1		1		*
Actuarial losses			(18)		(21)		*
Total			(17)		(20)
Total reclassifications for the period		$	(34)	$	493

* 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.