EQUITY (Tables)

12 Months Ended

Dec. 31, 2014

EQUITY

Rollforward of common stock outstanding

	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Year Ended December 31, 2012
Shares, beginning of year	1,906,568,099	(9,746,617)	1,896,821,482
Issuances	43,581	685,727	729,308
Shares purchased	-	(421,228,855)	(421,228,855)
Shares, end of year	1,906,611,680	(430,289,745)	1,476,321,935
Year Ended December 31, 2013
Shares, beginning of year	1,906,611,680	(430,289,745)	1,476,321,935
Shares issued	34,009	24,778	58,787
Shares repurchased	-	(12,317,399)	(12,317,399)
Shares, end of year	1,906,645,689	(442,582,366)	1,464,063,323
Year Ended December 31, 2014
Shares, beginning of year	1,906,645,689	(442,582,366)	1,464,063,323
Shares issued	25,803	15,748	41,551
Shares repurchased	-	(88,177,903)	(88,177,903)
Shares, end of year	1,906,671,492	(530,744,521)	1,375,926,971

Summarizes information of public offerings of common stock by Department of the Treasury, as selling shareholder

			U.S. Treasury			AIG
(dollars in millions, except share-price data)		Price	Shares Sold		Amount	Shares Purchased		Amount
2012 Offerings:
March Offering	$	29.00	206,896,552	$	6,000	103,448,276	$	3,000
May Offering		30.50	188,524,589		5,750	65,573,770		2,000
August Offering		30.50	188,524,590		5,750	98,360,656		3,000
September Offering		32.50	636,923,075		20,700	153,846,153		5,000
December Offering		32.50	234,169,156		7,610	-		-
			1,455,037,962	$	45,810	421,228,855	$	13,000

Accumulated Other Comprehensive Income (Loss)

	Unrealized Appreciation
	(Depreciation) of Fixed							Net Derivative
	Maturity Securities			Unrealized				Gains (Losses)
	on Which Other-Than-			Appreciation		Foreign		Arising from		Retirement
	Temporary Credit			(Depreciation)		Currency		Cash Flow		Plan
	Impairments			of All Other		Translation		Hedging		Liabilities
(in millions)	Were Recognized			Investments		Adjustments		Activities		Adjustment		Total
Balance, January 1, 2012	$	(711)	$	8,575	$	(409)	$	(17)	$	(957)	$	6,481
Change in unrealized
appreciation
of investments		2,306		8,404		-		-		-		10,710
Change in deferred policy
acquisition costs
adjustment and other		(49)		(840)		-		-		-		(889)
Change in future policy
benefits*		(85)		(432)		-		-		-		(517)
Change in foreign currency
translation adjustments		-		-		(33)		-		-		(33)
Change in net derivative
gains arising from
cash flow hedging
activities		-		-		-		33		-		33
Change in net actuarial loss		-		-		-		-		(273)		(273)
Change in prior service credit		-		-		-		-		(46)		(46)
Change in deferred tax
asset (liability)		(886)		(2,252)		33		(16)		232		(2,889)
Total other comprehensive
income (loss)		1,286		4,880		-		17		(87)		6,096
Noncontrolling interests		-		9		(6)		-		-		3
Balance, December 31, 2012	$	575	$	13,446	$	(403)	$	-	$	(1,044)	$	12,574
Change in unrealized
appreciation (depreciation)
of investments		464		(14,069)		-		-		-		(13,605)
Change in deferred policy
acquisition costs
adjustment and other		(127)		1,000		-		-		-		873
Change in future policy
benefits		79		2,658		-		-		-		2,737
Change in foreign currency
translation adjustments		-		-		(454)		-		-		(454)
Change in net actuarial loss		-		-		-		-		1,012		1,012
Change in prior service credit		-		-		-		-		(51)		(51)
Change in deferred tax
asset (liability)		(55)		3,738		(102)		-		(330)		3,251
Total other comprehensive
income (loss)		361		(6,673)		(556)		-		631		(6,237)
Noncontrolling interests		-		(16)		(7)		-		-		(23)
Balance, December 31, 2013	$	936	$	6,789	$	(952)	$	-	$	(413)	$	6,360
Change in unrealized
appreciation
of investments		156		7,564		-		-		-		7,720
Change in deferred policy
acquisition costs
adjustment and other		68		(495)		-		-		-		(427)
Change in future policy
benefits		(133)		(1,113)		-		-		-		(1,246)
Change in foreign currency
translation adjustments		-		-		(833)		-		-		(833)
Change in net actuarial loss		-		-		-		-		(815)		(815)
Change in prior service credit		-		-		-		-		(49)		(49)
Change in deferred tax
asset (liability)		16		(418)		1		-		308		(93)
Total other comprehensive
income (loss)		107		5,538		(832)		-		(556)		4,257
Noncontrolling interests		-		-		-		-		-		-
Balance, December 31, 2014	$	1,043	$	12,327	$	(1,784)	$	-	$	(969)	$	10,617

*The adjustment to policyholder benefit reserves assumes that the unrealized appreciation on available for sale securities is actually realized and that the proceeds are reinvested at lower yields.

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation
		(Depreciation) of Fixed						Net Derivative
		Maturity Securities		Unrealized				Gains (Losses)
		on Which Other-Than-		Appreciation		Foreign		Arising from		Retirement
		Temporary Credit		(Depreciation)		Currency		Cash Flow		Plan
		Impairments Were		of All Other		Translation		Hedging		Liabilities
(in millions)		Recognized		Investments		Adjustments		Activities		Adjustment		Total
December 31, 2012
Unrealized change arising during period	$	2,236	$	8,896	$	(33)	$	(2)	$	(406)	$	10,691
Less: Reclassification adjustments
included in net income		64		1,764		-		(35)		(87)		1,706
Total other comprehensive income (loss),
before income tax expense (benefit)		2,172		7,132		(33)		33		(319)		8,985
Less: Income tax expense (benefit)		886		2,252		(33)		16		(232)		2,889
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	1,286	$	4,880	$	-	$	17	$	(87)	$	6,096
December 31, 2013
Unrealized change arising during period	$	507	$	(9,556)	$	(454)	$	-	$	851	$	(8,652)
Less: Reclassification adjustments
included in net income		91		855		-		-		(110)		836
Total other comprehensive income (loss),
before income tax expense (benefit)		416		(10,411)		(454)		-		961		(9,488)
Less: Income tax expense (benefit)		55		(3,738)		102		-		330		(3,251)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	361	$	(6,673)	$	(556)	$	-	$	631	$	(6,237)
December 31, 2014
Unrealized change arising during period	$	119	$	6,488	$	(833)	$	-	$	(866)	$	4,908
Less: Reclassification adjustments
included in net income		28		532		-		-		(2)		558
Total other comprehensive income (loss),
before income tax expense (benefit)		91		5,956		(833)		-		(864)		4,350
Less: Income tax expense (benefit)		(16)		418		(1)		-		(308)		93
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	107	$	5,538	$	(832)	$	-	$	(556)	$	4,257

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
Years Ended December 31,					Affected Line Item in the
(in millions)	2014		2013		Consolidated Statements of Income
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were recognized
Investments	$	28	$	91	Other realized capital gains
Total		28		91
Unrealized appreciation (depreciation) of all other investments
Investments		669		2,452	Other realized capital gains
Deferred acquisition costs adjustment		(20)		(28)	Amortization of deferred acquisition costs
Future policy benefits		(117)		(1,569)	Policyholder benefits and losses incurred
Total		532		855
Change in retirement plan liabilities adjustment
Prior-service costs		47		47	*
Actuarial gains/(losses)		(49)		(157)	*
Total		(2)		(110)
Total reclassifications for the period	$	558	$	836

* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 22 to the Consolidated Financial Statements.