XML 195 R120.htm IDEA: XBRL DOCUMENT v2.4.1.9
INSURANCE LIABILITIES (Details - Liability for Unpaid Losses and Loss Adjustment Expenses (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
LIABILITY FOR UNPAID CLAIMS AND CLAIMS ADJUSTMENT EXPENSE, FUTURE POLICY BENEFITS FOR LIFE AND ACCIDENT AND HEALTH INSURANCE CONTRACTS, AND POLICYHOLDER CONTRACT DEPOSITS      
Gross loss reserves before reinsurance and discount, net of contractual deductible recoverable amounts due from policyholders $ 12,400,000,000aig_GrossLossReservesBeforeReinsuranceAndDiscountNetOfSubrogation $ 12,000,000,000aig_GrossLossReservesBeforeReinsuranceAndDiscountNetOfSubrogation  
Collateral held for deductible recoverable amounts 9,400,000,000aig_CollateralHeldForSubrogation 9,000,000,000aig_CollateralHeldForSubrogation  
Reconciliation of activity in the Liability for unpaid claims and claims adjustment expense:      
Liability for unpaid claims and claims adjustment expense, balance at the beginning of the year 81,547,000,000us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense 87,991,000,000us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense 91,145,000,000us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense
Reinsurance recoverable, balance at the beginning of the year (17,231,000,000)us-gaap_ReinsuranceRecoverables (19,209,000,000)us-gaap_ReinsuranceRecoverables (20,320,000,000)us-gaap_ReinsuranceRecoverables
Liability for unpaid claims and claims adjustment expense, Net of Reinsurance 64,316,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet 68,782,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet 70,825,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
Foreign exchange effect (1,061,000,000)aig_ForeignCurrencyTranslationAdjustmentToLossAndLossAdjustmentExpenseReserves (617,000,000)aig_ForeignCurrencyTranslationAdjustmentToLossAndLossAdjustmentExpenseReserves (90,000,000)aig_ForeignCurrencyTranslationAdjustmentToLossAndLossAdjustmentExpenseReserves
Dispositions 0aig_LossAndLossAdjustmentExpenseReservesSold (79,000,000)aig_LossAndLossAdjustmentExpenseReservesSold (11,000,000)aig_LossAndLossAdjustmentExpenseReservesSold
Changes in net loss reserves due to retroactive asbestos reinsurance transaction 141,000,000aig_LossAndLossAdjustmentExpenseReductionDueToReinsuranceTransaction 22,000,000aig_LossAndLossAdjustmentExpenseReductionDueToReinsuranceTransaction 90,000,000aig_LossAndLossAdjustmentExpenseReductionDueToReinsuranceTransaction
Total 63,396,000,000aig_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetTotal 68,108,000,000aig_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetTotal 70,814,000,000aig_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetTotal
Losses and loss expenses incurred      
Current year 21,279,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear 22,171,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear 25,385,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear
Prior years, other than accretion of discount 703,000,000aig_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYearsExcludingAccretionOfDiscount 557,000,000aig_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYearsExcludingAccretionOfDiscount 421,000,000aig_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYearsExcludingAccretionOfDiscount
Prior years, accretion of discount 478,000,000aig_AccretedFairValueAdjustmentToLiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears (309,000,000)aig_AccretedFairValueAdjustmentToLiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears (63,000,000)aig_AccretedFairValueAdjustmentToLiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
Total 22,460,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims 22,419,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims 25,743,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
Losses and loss expenses paid      
Current year 6,358,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear 7,431,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear 8,450,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear
Prior years 17,886,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears 18,780,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears 19,325,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears
Total 24,244,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid 26,211,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid 27,775,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid
Net liability for unpaid claims and claims adjustment expense, balance at the end of the year 61,612,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet 64,316,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet 68,782,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
Reinsurance recoverable, balance at the end of the year 15,648,000,000us-gaap_ReinsuranceRecoverables 17,231,000,000us-gaap_ReinsuranceRecoverables 19,209,000,000us-gaap_ReinsuranceRecoverables
Total, balance at the end of the year 77,260,000,000us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense 81,547,000,000us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense 87,991,000,000us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense
Foreign exchange effect reclassified losses and loss expenses paid (current year)     0aig_ForeignCurrencyTranslationAdjustmentToLossAndLossAdjustmentExpenseReservesReclassified
Decrease in foreign exchange effect     847,000,000aig_ReclassBetweenComponentsOfLiabilityUnpaidClaimsAndClaimsAdjustmentExpense
Loss sensitive premium adjustment 105,000,000aig_LossSensitiveBusinessPremiumAdjustment 89,000,000aig_LossSensitiveBusinessPremiumAdjustment 54,000,000aig_LossSensitiveBusinessPremiumAdjustment
Excess Casualty      
Losses and loss expenses incurred      
Total 545,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_ExcessCasualtyMember
(144,000,000)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_ExcessCasualtyMember
157,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_ExcessCasualtyMember
Environmental and pollution      
Losses and loss expenses incurred      
Total 381,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_EnvironmentalMember
269,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_EnvironmentalMember
200,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_EnvironmentalMember
Financial Lines      
Losses and loss expenses incurred      
Total (195,000,000)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_FinanciallinesMember
   
Primary casualty      
Losses and loss expenses incurred      
Total 135,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_PrimaryCasualtyMember
498,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_PrimaryCasualtyMember
531,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_PrimaryCasualtyMember
Healthcare      
Losses and loss expenses incurred      
Total $ 109,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_HealthcareMember
$ (54,000,000)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_HealthcareMember
$ 68,000,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= aig_HealthcareMember