DIVESTED BUSINESSES, DISCONTINUED OPERATIONS AND HELD-FOR-SALE CLASSIFICATION (Tables)

12 Months Ended

Dec. 31, 2011

DIVESTED BUSINESSES, DISCONTINUED OPERATIONS AND HELD-FOR-SALE CLASSIFICATION

Summary of income (loss) from discontinued operations

Years Ended December 31, (in millions)		2011		2010			2009
Revenues:
	Premiums	$	5,012	$	18,296		$	18,325
	Net investment income		1,632		6,924			7,851
	Net realized capital gains (losses)		844		289			(920	)
	Other income		5		1,607			2,285
Total revenues			7,493		27,116			27,541
Benefits, claims and expenses*			6,361		28,854			25,810
Interest expense allocation			2		75			89
Income (loss) from discontinued operations			1,130		(1,813	)		1,642
Gain (loss) on sales			942		1,588			(2,758	)
Income (loss) from discontinued operations, before tax expense (benefit)			2,072		(225	)		(1,116	)
Income tax expense (benefit)			537		1,839			(1,621	)
Income (loss) from discontinued operations, net of income tax		$	1,535	$	(2,064	)	$	505

*

In 2010, includes goodwill impairment charges of $3.3 billion related to the sale of ALICO and $1.3 billion related to the sale of AIG Star and AIG Edison. See Note 2(j) – Goodwill herein for further discussion.

Summary of assets and liabilities held for sale

(in millions)		December 31, 2010
Assets:
	Fixed maturity securities	$	77,905
	Equity securities		4,488
	Mortgage and other loans receivable, net		5,584
	Other invested assets		4,167
	Short-term investments		3,670
	Deferred policy acquisition costs and Other assets		7,639
	Separate account assets		3,745
Assets of businesses held for sale			107,198
Flight equipment*			255
Total assets held for sale		$	107,453
Liabilities:
	Future policy benefits for life and accident and health insurance contracts	$	61,767
	Policyholder contract deposits		26,847
	Other liabilities		4,428
	Other long-term debt		525
	Separate account liabilities		3,745
Total liabilities held for sale		$	97,312

*

Represents nine aircraft that were under agreements for sale by ILFC at December 31, 2010.