SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of continuing operations by reportable segment

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

Three Months Ended September 30,	2018				2017
				Adjusted				Adjusted
		Adjusted		Pre-tax		Adjusted		Pre-tax
(in millions)		Revenues		Income (Loss)		Revenues		Income (Loss)
General Insurance
North America	$	4,129	$	(160)	$	3,634	$	(2,193)
International		3,853		(665)		3,867		(740)
Total General Insurance		7,982		(825)		7,501		(2,933)
Life and Retirement
Individual Retirement		1,335		393		1,343		718
Group Retirement		718		242		702		249
Life Insurance		809		16		1,000		112
Institutional Markets		284		62		1,091		79
Total Life and Retirement		3,146		713		4,136		1,158
Other Operations		135		(417)		127		(366)
Legacy Portfolio		814		84		1,013		286
AIG Consolidation and elimination		(42)		29		(119)		(1)
Total AIG Consolidated adjusted revenues and adjusted pre-tax income		12,035		(416)		12,658		(1,856)
Reconciling Items to revenues and pre-tax income:
Changes in fair value of securities used to hedge guaranteed
living benefits		(5)		(14)		26		26
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains		-		76		-		84
Other income (expense) - net		(4)		-		(12)		-
Gain (Loss) on extinguishment of debt		-		(1)		-		(1)
Net realized capital losses^*		(540)		(524)		(922)		(922)
Income (loss) from divested businesses		-		2		-		(13)
Non-operating litigation reserves and settlements		-		(5)		1		-
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements		-		(605)		-		7
Net loss reserve discount benefit (charge)		-		86		-		(48)
Pension expense related to a one-time lump sum payment to former employees		-		-		-		(49)
Integration and transaction costs associated with acquired businesses		-		(91)		-		-
Restructuring and other costs		-		(35)		-		(31)
Revenues and Pre-tax income (loss)	$	11,486	$	(1,527)	$	11,751	$	(2,803)


Nine Months Ended September 30,	2018				2017
				Adjusted				Adjusted
		Adjusted		Pre-Tax		Adjusted		Pre-Tax
(in millions)		Revenues		Income (Loss)		Revenues		Income (Loss)
General Insurance
North America	$	10,895	$	567	$	11,145	$	(644)
International		11,758		(314)		11,315		(182)
Total General Insurance		22,653		253		22,460		(826)
Life and Retirement
Individual Retirement		4,062		1,354		4,099		1,815
Group Retirement		2,209		774		2,116		758
Life Insurance		2,962		243		3,043		272
Institutional Markets		838		196		1,946		204
Total Life and Retirement		10,071		2,567		11,204		3,049
Other Operations		454		(1,133)		1,227		(1,039)
Legacy Portfolio		2,431		363		3,235		1,059
AIG Consolidation and elimination		(214)		28		(237)		75
Total AIG Consolidated adjusted revenues and adjusted pre-tax income		35,395		2,078		37,889		2,318
Reconciling Items to revenues and pre-tax income:
Changes in fair value of securities used to hedge guaranteed
living benefits		(109)		(127)		117		117
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains		-		46		-		195
Other income (expense) - net		(29)		-		(32)		-
Gain (Loss) on extinguishment of debt		-		(10)		-		4
Net realized capital losses^*		(430)		(388)		(1,106)		(1,106)
Income (loss) from divested businesses		-		35		-		(173)
Non-operating litigation reserves and settlements		2		(30)		17		86
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements		-		(607)		-		(258)
Net loss reserve discount benefit (charge)		-		305		-		(283)
Pension expense related to a one-time lump sum payment to former employees		-		-		-		(50)
Integration and transaction costs associated with acquired businesses		-		(91)		-		-
Restructuring and other costs		-		(259)		-		(259)
Revenues and Pre-tax income	$	34,829	$	952	$	36,885	$	591

* Includes all net realized capital gains and losses except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedging or for asset replication.