EQUITY (Tables)

6 Months Ended

Jun. 30, 2019

EQUITY

Rollforward of common stock outstanding

Six Months Ended June 30, 2019	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Shares, beginning of year	1,906,671,492	(1,040,062,063)	866,609,429
Shares issued	-	3,292,082	3,292,082
Shares repurchased	-	-	-
Shares, end of period	1,906,671,492	(1,036,769,981)	869,901,511

Dividends Paid

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

				Dividends Paid
Declaration Date	Record Date	Payment Date		Per Common Share
May 6, 2019	June 14, 2019	June 28, 2019	$	0.32
February 13, 2019	March 15, 2019	March 29, 2019		0.32
May 2, 2018	June 14, 2018	June 28, 2018	$	0.32
February 8, 2018	March 15, 2018	March 29, 2018		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)		2019		2018
Aggregate repurchases of common stock	$	-	$	646
Total number of common shares repurchased		-		12
Aggregate repurchases of warrants	$	-	$	4
Total number of warrants repurchased*		-		-

*For the six-month period ended June 30, 2019, we did not repurchase any warrants to purchase shares of AIG Common Stock. 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, March 31, 2019, net of tax	$	638	$	5,129	$	(2,562)	$	(1,087)	$	10	$	2,128
Change in unrealized appreciation of investments		95		5,812		-		-		-		5,907
Change in deferred policy acquisition costs
adjustment and other		(6)		(868)		-		-		-		(874)
Change in future policy benefits		-		(1,181)		-		-		-		(1,181)
Change in foreign currency translation adjustments		-		-		(133)		-		-		(133)
Change in net actuarial loss		-		-		-		15		-		15
Change in prior service credit		-		-		-		-		-		-
Change in deferred tax asset (liability)		(7)		(849)		4		(7)		-		(859)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		(2)		(2)
Total other comprehensive income (loss)		82		2,914		(129)		8		(2)		2,873
Noncontrolling interests		-		9		1		-		-		10
Balance, June 30, 2019, net of tax	$	720	$	8,034	$	(2,692)	$	(1,079)	$	8	$	4,991
Balance, December 31, 2018, net of tax	$	(38)	$	2,426	$	(2,725)	$	(1,086)	$	10	$	(1,413)
Change in unrealized appreciation of investments		944		10,876		-		-		-		11,820
Change in deferred policy acquisition costs
adjustment and other		(14)		(1,724)		-		-		-		(1,738)
Change in future policy benefits		-		(2,249)		-		-		-		(2,249)
Change in foreign currency translation adjustments		-		-		55		-		-		55
Change in net actuarial loss		-		-		-		16		-		16
Change in prior service credit		-		-		-		(1)		-		(1)
Change in deferred tax liability		(172)		(1,281)		(20)		(8)		-		(1,481)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		(2)		(2)
Total other comprehensive income (loss)		758		5,622		35		7		(2)		6,420
Noncontrolling interests		-		14		2		-		-		16
Balance, June 30, 2019, net of tax	$	720	$	8,034	$	(2,692)	$	(1,079)	$	8	$	4,991

		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, March 31, 2018, net of tax	$	812	$	4,700	$	(2,216)	$	(1,085)	$	9	$	2,220
Cumulative effect of change in accounting
principles		-		-		-		-		-		-
Change in unrealized depreciation of investments		(1,368)		(1,604)		-		-		-		(2,972)
Change in deferred policy acquisition costs
adjustment and other		84		271		-		-		-		355
Change in future policy benefits		-		383		-		-		-		383
Change in foreign currency translation adjustments		-		-		(195)		-		-		(195)
Change in net actuarial loss		-		-		-		22		-		22
Change in prior service cost		-		-		-		2		-		2
Change in deferred tax asset (liability)		238		194		(15)		(1)		-		416
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		(1)		(1)
Total other comprehensive income (loss)		(1,046)		(756)		(210)		23		(1)		(1,990)
Noncontrolling interests		-		-		-		-		-		-
Balance, June 30, 2018, net of tax	$	(234)	$	3,944	$	(2,426)	$	(1,062)	$	8	$	230
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

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, 2019
Unrealized change arising during period	$	85	$	3,854	$	(133)	$	5	$	(2)	$	3,809
Less: Reclassification adjustments
included in net income		(4)		91		-		(10)		-		77
Total other comprehensive income (loss),
before income tax expense (benefit)		89		3,763		(133)		15		(2)		3,732
Less: Income tax expense (benefit)		7		849		(4)		7		-		859
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	82	$	2,914	$	(129)	$	8	$	(2)	$	2,873
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)
Six Months Ended June 30, 2019
Unrealized change arising during period	$	926	$	6,963	$	55	$	-	$	(2)	$	7,942
Less: Reclassification adjustments
included in net income		(4)		60		-		(15)		-		41
Total other comprehensive income (loss),
before income tax expense		930		6,903		55		15		(2)		7,901
Less: Income tax expense		172		1,281		20		8		-		1,481
Total other comprehensive income (loss),
net of income tax expense	$	758	$	5,622	$	35	$	7	$	(2)	$	6,420
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)

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)		2019		2018
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments		$	(4)	$	2		Other realized capital gains
Total			(4)		2
Unrealized appreciation (depreciation) of all other investments
Investments			91		(15)		Other realized capital gains
Deferred acquisition costs adjustment			-		1		Amortization of deferred policy acquisition costs
Future policy benefits			-		-		Policyholder benefits and losses incurred
Total			91		(14)
Change in retirement plan liabilities adjustment
Prior-service credit			-		1		*
Actuarial losses			(10)		(9)		*
Total			(10)		(8)
Total reclassifications for the period		$	77	$	(20)
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income
	Six Months Ended June 30,
(in millions)		2019		2018
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments		$	(4)	$	4		Other realized capital gains
Total			(4)		4
Unrealized appreciation (depreciation) of all other investments
Investments			60		9		Other realized capital gains
Deferred acquisition costs adjustment			-		(30)		Amortization of deferred policy acquisition costs
Future policy benefits			-		-		Policyholder benefits and losses incurred
Total			60		(21)
Change in retirement plan liabilities adjustment
Prior-service credit			-		1		*
Actuarial losses			(15)		(18)		*
Total			(15)		(17)
Total reclassifications for the period		$	41	$	(34)

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