XML 84 R37.htm IDEA: XBRL DOCUMENT v3.19.1
EQUITY (Tables)
3 Months Ended
Mar. 31, 2019
EQUITY  
Rollforward of common stock outstanding
Three Months Ended March 31, 2019CommonTreasuryCommon Stock
Stock IssuedStockOutstanding
Shares, beginning of year1,906,671,492(1,040,062,063)866,609,429
Shares issued-3,127,4723,127,472
Shares repurchased---
Shares, end of period1,906,671,492(1,036,934,591)869,736,901
Dividends Paid

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

Dividends Paid
Declaration DateRecord DatePayment DatePer Share
February 13, 2019March 15, 2019March 29, 20190.32
February 8, 2018March 15, 2018March 29, 20180.32
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)20192018
Aggregate repurchases of common stock$-$298
Total number of common shares repurchased-5
Aggregate repurchases of warrants$-$2
Total number of warrants repurchased*--

* For the three-month periods ended March 31, 2018, we repurchased 97,553 warrants to purchase shares of AIG Common Stock. For the three-month periods ended March 31, 2019, we did not repurchase any warrants to purchase shares of AIG Common Stock..

Accumulated Other Comprehensive Income (Loss)
Unrealized Appreciation Fair Value of
(Depreciation) of FixedUnrealizedLiabilities Under
Maturity Securities onAppreciationForeignRetirementFair Value Option
Which Other-Than-(Depreciation)CurrencyPlanAttributable to
Temporary Creditof All OtherTranslationLiabilitiesChanges in
(in millions)Impairments Were TakenInvestmentsAdjustmentsAdjustmentOwn Credit RiskTotal
Balance, December 31, 2018, net of tax$(38)$2,426$(2,725)$(1,086)$10$(1,413)
Change in unrealized appreciation of investments8495,064---5,913
Change in deferred policy acquisition costs
adjustment and other(8)(856)---(864)
Change in future policy benefits-(1,068)---(1,068)
Change in foreign currency translation adjustments--188--188
Change in net actuarial loss---1-1
Change in prior service credit---(1)-(1)
Change in deferred tax liability(165)(432)(24)(1)-(622)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk------
Total other comprehensive income (loss)6762,708164(1)-3,547
Noncontrolling interests-51--6
Balance, March 31, 2019, net of tax$638$5,129$(2,562)$(1,087)$10$2,128

Balance, December 31, 2017, net of tax$793$7,693$(2,090)$(931)$-$5,465
Cumulative effect of change in accounting
principles169(285)(284)(183)7(576)
Change in unrealized depreciation of investments(240)(4,754)---(4,994)
Change in deferred policy acquisition costs
adjustment and other30634---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)60671(14)17-734
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk----22
Total other comprehensive income (loss)(150)(2,708)158292(2,669)
Noncontrolling interests------
Balance, March 31, 2018, net of tax$812$4,700$(2,216)$(1,085)$9$2,220
Other comprehensive income (loss) reclassification adjustments
Unrealized AppreciationFair Value of
(Depreciation) of FixedUnrealizedLiabilities Under
Maturity Securities onAppreciationForeignRetirementFair Value Option
Which Other-Than-(Depreciation)CurrencyPlanAttributable to
Temporary Creditof All OtherTranslationLiabilitiesChanges in
(in millions)Impairments Were TakenInvestmentsAdjustmentsAdjustmentOwn Credit RiskTotal
March 31, 2019
Unrealized change arising during period$841$3,109$188$(5)$-$4,133
Less: Reclassification adjustments
included in net income-(31)-(5)-(36)
Total other comprehensive income (loss),
before income tax expense8413,140188--4,169
Less: Income tax expense165432241-622
Total other comprehensive income (loss),
net of income tax expense$676$2,708$164$(1)$-$3,547
March 31, 2018
Unrealized change arising during period$(208)$(3,386)$172$3$2$(3,417)
Less: Reclassification adjustments
included in net income2(7)-(9)-(14)
Total other comprehensive income (loss),
before income tax expense (benefit)(210)(3,379)172122(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)
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) 20192018Condensed Consolidated Statements of Income
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments$-$2 Other realized capital gains
Total-2
Unrealized appreciation (depreciation) of
all other investments
Investments(31)24 Other realized capital gains
Deferred acquisition costs adjustment-(31) Amortization of deferred policy acquisition costs
Future policy benefits-- Policyholder benefits and losses incurred
Total(31)(7)
Change in retirement plan liabilities adjustment
Prior-service credit-- *
Actuarial losses(5)(9) *
Total(5)(9)
Total reclassifications for the period$(36)$(14)

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