XML 128 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
VARIABLE INTEREST ENTITIES (Tables)
 6 Months Ended
Jun. 30, 2014
VARIABLE INTEREST ENTITIES  
Schedule of Consolidated Variable Interest Entities
(in millions)Real Estate and Investment Funds(e)Securitization VehiclesStructured Investment VehiclesAffordable Housing PartnershipsOtherTotal
June 30, 2014
Assets:
Bonds available for sale $ -$ 11,502$ -$ -$ 42$ 11,544
Other bond securities - 7,816 726 - 79 8,621
Mortgage and other loans receivable - 1,681 - - 176 1,857
Other invested assets 594 - - 1,832 733 3,159
Other (a) 40 734 66 40 625 1,505
Total assets(b)(c)$ 634$ 21,733$ 792$ 1,872$ 1,655$ 26,686
Liabilities:
Long-term debt$ 70$ 1,223$ 98$ 184$ 105$ 1,680
Other (d) 32 116 - 92 201 441
Total liabilities$ 102$ 1,339$ 98$ 276$ 306$ 2,121
December 31, 2013
Assets:
Bonds available for sale $ -$ 11,028$ -$ -$ 70$ 11,098
Other bond securities - 7,449 748 - 113 8,310
Mortgage and other loans receivable - 1,508 - - 189 1,697
Other invested assets 849 - - 1,986 793 3,628
Other (a) 49 481 93 41 615 1,279
Total assets(b)(c)$ 898$ 20,466$ 841$ 2,027$ 1,780$ 26,012
Liabilities:
Long-term debt$ 71$ 494$ 87$ 188$ 154$ 994
Other(d) 31 74 - 83 367 555
Total liabilities$ 102$ 568$ 87$ 271$ 521$ 1,549

(a) Comprised primarily of Short-term investments, Premiums and other receivables and Other assets at both June 30, 2014 and December 31, 2013.

(b) The assets of each VIE can be used only to settle specific obligations of that VIE.

(c) At June 30, 2014 and December 31, 2013, includes approximately $21.6 billion and $21.4 billion, respectively, of investment-grade debt securities, loans and other assets held by certain securitization vehicles that issued beneficial interests in these investments. The majority of the beneficial interests issued are held by AIG.

(d) Comprised primarily of Other liabilities and Derivative liabilities, at fair value, at both June 30, 2014 and December 31, 2013.

(e) At June 30, 2014 and December 31, 2013, off-balance sheet exposure, primarily consisting of commitments to real estate and investment funds, was $61.8 million and $50.8 million, respectively.
Schedule of Unconsolidated Variable Interest Entities
Maximum Exposure to Loss
Total VIEOn-BalanceOff-Balance
(in millions)AssetsSheet*SheetTotal
June 30, 2014
Real estate and investment funds$ 20,010$ 2,599$ 402$ 3,001
Affordable housing partnerships 477 476 - 476
Other 633 39 - 39
Total$ 21,120$ 3,114$ 402$ 3,516
December 31, 2013
Real estate and investment funds$ 17,572$ 2,343$ 289$ 2,632
Affordable housing partnerships 478 477 - 477
Other 708 37 - 37
Total$ 18,758$ 2,857$ 289$ 3,146

* At June 30, 2014 and December 31, 2013, $3.1 billion and $2.8 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets.