EQUITY (Tables)

3 Months Ended

Mar. 31, 2020

EQUITY

Rollforward of common stock outstanding

Three Months Ended March 31, 2020	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Shares, beginning of year	1,906,671,492	(1,036,672,461)	869,999,031
Shares issued	-	3,452,529	3,452,529
Shares repurchased	-	(12,160,952)	(12,160,952)
Shares, end of period	1,906,671,492	(1,045,380,884)	861,290,608

Dividends Paid

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

				Dividends Paid
Declaration Date	Record Date	Payment Date		Per Common Share
February 12, 2020	March 16, 2020	March 30, 2020	$	0.32
February 13, 2019	March 15, 2019	March 29, 2019		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:

Three Months Ended March 31,
(in millions)		2020		2019
Aggregate repurchases of common stock	$	500	$	-
Total number of common shares repurchased		12		-
Aggregate repurchases of warrants	$	-	$	-
Total number of warrants repurchased		-		-

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 Allowance		(Depreciation)		Currency		Plan		Attributable to
		for Credit Losses		of All Other		Translation		Liabilities		Changes in
(in millions)		Were Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Balance, December 31, 2019, net of tax	$	-	$	8,722	$	(2,625)	$	(1,122)	$	7	$	4,982
Change in unrealized depreciation of investments		(484)		(9,971)		-		-		-		(10,455)
Change in deferred policy acquisition costs
adjustment and other(a)		30		1,377		-		-		-		1,407
Change in future policy benefits		-		1,672		-		-		-		1,672
Change in foreign currency translation adjustments		-		-		(69)		-		-		(69)
Change in net actuarial loss		-		-		-		4		-		4
Change in prior service credit		-		-		-		(1)		-		(1)
Change in deferred tax asset (liability)		95		1,380		(16)		(10)		-		1,449
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		3		3
Total other comprehensive loss		(359)		(5,542)		(85)		(7)		3		(5,990)
Noncontrolling interests		-		(10)		(4)		-		-		(14)
Balance, March 31, 2020, net of tax	$	(359)	$	3,190	$	(2,706)	$	(1,129)	$	10	$	(994)

		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, 2018, net of tax	$	(38)	$	2,426	$	(2,725)	$	(1,086)	$	10	$	(1,413)
Change in unrealized appreciation of investments		849		5,064		-		-		-		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)		676		2,708		164		(1)		-		3,547
Noncontrolling interests		-		5		1		-		-		6
Balance, March 31, 2019, net of tax	$	638	$	5,129	$	(2,562)	$	(1,087)	$	10	$	2,128

(a)Includes net unrealized gains and losses attributable to businesses held for sale at March 31, 2020.

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation								Fair Value of
		(Depreciation) of Fixed		Unrealized						Liabilities Under
		Maturity Securities on		Appreciation		Foreign		Retirement		Fair Value Option
		Which Allowance		(Depreciation)		Currency		Plan		Attributable to
		for Credit Losses		of All Other		Translation		Liabilities		Changes in
(in millions)		Were Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
March 31, 2020
Unrealized change arising during period	$	(454)	$	(6,708)	$	(69)	$	(7)	$	3	$	(7,235)
Less: Reclassification adjustments
included in net income		-		214		-		(10)		-		204
Total other comprehensive income (loss),
before income tax expense (benefit)		(454)		(6,922)		(69)		3		3		(7,439)
Less: Income tax expense (benefit)		(95)		(1,380)		16		10		-		(1,449)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(359)	$	(5,542)	$	(85)	$	(7)	$	3	$	(5,990)
		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
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 expense		841		3,140		188		-		-		4,169
Less: Income tax expense		165		432		24		1		-		622
Total other comprehensive income (loss),
net of income tax expense	$	676	$	2,708	$	164	$	(1)	$	-	$	3,547

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)			2020		2019	Condensed Consolidated Statements of Income
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses were taken
Investments		$	-	$	-	Other realized capital gains
Total			-		-
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments			-		-	Other realized capital gains
Total			-		-
Unrealized appreciation (depreciation) of
all other investments
Investments			214		(31)	Other realized capital gains
Total			214		(31)
Change in retirement plan liabilities adjustment
Prior-service credit			-		-	*
Actuarial losses			(10)		(5)	*
Total			(10)		(5)
Total reclassifications for the period		$	204	$	(36)

*These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. For additional information see Note 14 herein.