XML 72 R118.htm IDEA: XBRL DOCUMENT v2.4.1.9
DERIVATIVES AND HEDGE ACCOUNTING (Details - Global Capital Markets Derivatives) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Credit Derivatives [Line Items]    
Obligation to make payments on embedded credit derivatives $ 0aig_HybridInstrumentsPaymentObligation  
Fair value of hybrid securities 6,100,000,000us-gaap_HybridInstrumentsAtFairValueNet 6,400,000,000us-gaap_HybridInstrumentsAtFairValueNet
Par value of hybrid securities 12,300,000,000aig_HybridInstrumentsAtParValue 13,400,000,000aig_HybridInstrumentsAtParValue
Credit Risk-Related Contingent Features    
Credit Derivatives [Line Items]    
Collateral posted 2,700,000,000aig_SecuritiesForDerivativePostedBalanceSheet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_CreditRiskRelatedContingentFeaturesMember
3,100,000,000aig_SecuritiesForDerivativePostedBalanceSheet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_CreditRiskRelatedContingentFeaturesMember
Aggregate fair value of net liability position 2,500,000,000us-gaap_DerivativeNetLiabilityPositionAggregateFairValue
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_CreditRiskRelatedContingentFeaturesMember
2,600,000,000us-gaap_DerivativeNetLiabilityPositionAggregateFairValue
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_CreditRiskRelatedContingentFeaturesMember
Global Capital Markets (GCM) derivatives | Super Senior CDS | Arbitrage    
Credit Derivatives [Line Items]    
Notional amount of credit risk derivatives 5,099,000,000invest_DerivativeNotionalAmount
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
15,089,000,000invest_DerivativeNotionalAmount
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
Fair Value of Derivative (Asset) Liability (954,000,000)us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
(1,277,000,000)us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
Unrealized market valuation gain (loss) on credit derivatives 256,000,000us-gaap_UnrealizedGainLossOnDerivatives
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
550,000,000us-gaap_UnrealizedGainLossOnDerivatives
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
Global Capital Markets (GCM) derivatives | Super Senior CDS | Arbitrage | Multi-sector CDOs    
Credit Derivatives [Line Items]    
Notional amount of credit risk derivatives 2,619,000,000invest_DerivativeNotionalAmount
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CollateralizedDebtObligationsMember
3,257,000,000invest_DerivativeNotionalAmount
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CollateralizedDebtObligationsMember
Fair Value of Derivative (Asset) Liability (947,000,000)us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CollateralizedDebtObligationsMember
(1,249,000,000)us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CollateralizedDebtObligationsMember
Unrealized market valuation gain (loss) on credit derivatives 235,000,000us-gaap_UnrealizedGainLossOnDerivatives
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CollateralizedDebtObligationsMember
518,000,000us-gaap_UnrealizedGainLossOnDerivatives
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CollateralizedDebtObligationsMember
Additional amount paid for CDS terminated during period 67,000,000aig_AdditionalAmountPaidForCreditDefaultSwapsTerminatedDuringPeriod
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CollateralizedDebtObligationsMember
 
Collateral posted 852,000,000aig_SecuritiesForDerivativePostedBalanceSheet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CollateralizedDebtObligationsMember
1,100,000,000aig_SecuritiesForDerivativePostedBalanceSheet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CollateralizedDebtObligationsMember
Derivative weighted average maturity 5 years  
Global Capital Markets (GCM) derivatives | Super Senior CDS | Arbitrage | Corporate debt/CLOs    
Credit Derivatives [Line Items]    
Notional amount of credit risk derivatives 2,480,000,000invest_DerivativeNotionalAmount
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
11,832,000,000invest_DerivativeNotionalAmount
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
Fair Value of Derivative (Asset) Liability (7,000,000)us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
(28,000,000)us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
Unrealized market valuation gain (loss) on credit derivatives 21,000,000us-gaap_UnrealizedGainLossOnDerivatives
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
32,000,000us-gaap_UnrealizedGainLossOnDerivatives
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
Collateral posted 147,000,000aig_SecuritiesForDerivativePostedBalanceSheet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
353,000,000aig_SecuritiesForDerivativePostedBalanceSheet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
Notional amount of CDS written on super senior tranches of CLOs 555,000,000aig_NotionalAmountOfCreditDefaultSwapsWrittenOnSeniorCollateralizedLoanObligations
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
1,000,000,000aig_NotionalAmountOfCreditDefaultSwapsWrittenOnSeniorCollateralizedLoanObligations
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
Derivative weighted average maturity 3 years  
Notional amount of CDS terminated during period 8,800,000,000aig_NetNotionalAmountCreditDefaultSwapsTerminatedDuringPeriod
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_SuperSeniorCreditDefaultSwapMember
/ aig_CreditDerivativesByPortfolioTypeAxis
= aig_ArbitragePortfolioMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
/ us-gaap_UnderlyingAssetClassAxis
= us-gaap_CorporateDebtSecuritiesMember
 
Global Capital Markets (GCM) derivatives | Written single name CDS    
Credit Derivatives [Line Items]    
Notional amount of credit risk derivatives 190,000,000invest_DerivativeNotionalAmount
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_WrittenSingleNameCreditDefaultSwapMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
373,000,000invest_DerivativeNotionalAmount
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_WrittenSingleNameCreditDefaultSwapMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
Collateral posted 30,000,000aig_SecuritiesForDerivativePostedBalanceSheet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_WrittenSingleNameCreditDefaultSwapMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
38,000,000aig_SecuritiesForDerivativePostedBalanceSheet
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_WrittenSingleNameCreditDefaultSwapMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
Derivative weighted average maturity 2 years 3 years
Notional amount of CDS purchased offsets 5,000,000aig_NotionalAmountOfCreditDefaultSwapsPurchasedOffsets
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_WrittenSingleNameCreditDefaultSwapMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
50,000,000aig_NotionalAmountOfCreditDefaultSwapsPurchasedOffsets
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_WrittenSingleNameCreditDefaultSwapMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
Notional amount of single name CDS maximum exposure 185,000,000aig_CreditDerivativeMaximumExposure
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_WrittenSingleNameCreditDefaultSwapMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
323,000,000aig_CreditDerivativeMaximumExposure
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_WrittenSingleNameCreditDefaultSwapMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
Fair value of derivative liability $ 25,000,000us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_WrittenSingleNameCreditDefaultSwapMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember
$ 32,000,000us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue
/ us-gaap_CreditDerivativesByContractTypeAxis
= aig_WrittenSingleNameCreditDefaultSwapMember
/ dei_LegalEntityAxis
= aig_GlobalCapitalMarketsMember