STATUTORY FINANCIAL DATA AND RESTRICTIONS (Tables)

12 Months Ended

Dec. 31, 2014

STATUTORY FINANCIAL DATA AND RESTRICTIONS

Schedule of statutory capital and surplus and net income (loss) for AIG property casualty and AIG life and retirement operations in accordance with statutory accounting practices

(in millions)		2014		2013		2012
Years Ended December 31,
Statutory net income (loss)^(a)(b)(c):
Non-Life Insurance Companies:
Domestic	$	3,377	$	11,440	$	3,701
Foreign		1,200		842		1,100
Total Non-Life Insurance Companies		4,577		12,282		4,801
Life Insurance Companies:
Domestic		2,690		5,047		3,827
Foreign		(9)		(9)		(9)
Total Life Insurance Companies		2,681		5,038		3,818
At December 31,
Statutory capital and surplus^(a)(c):
Non-Life Insurance Companies:
Domestic	$	28,198	$	27,685
Foreign		12,540		12,022
Total Non-Life Insurance Companies		40,738		39,707
Life Insurance Companies:
Domestic		8,642		15,038
Foreign		437		129
Total Life Insurance Companies		9,079		15,167
Aggregate minimum required statutory capital and surplus:
Non-Life Insurance Companies:
Domestic	$	7,101	$	7,019
Foreign		9,147		9,078
Total Non-Life Insurance Companies		16,248		16,097
Life Insurance Companies:
Domestic		3,821		4,287
Foreign		46		45
Total Life Insurance Companies		3,867		4,332

(a) Excludes discontinued operations and other divested businesses. Statutory capital and surplus and net income (loss) with respect to foreign operations are as of November 30.

(b) Non-Life Insurance Companies did not recognize material statutory gains related to legal entity simplification (restructuring) in 2014. Non-Life Insurance Companies include approximately $8.0 billion of recognized statutory gains related to legal entity simplification (restructuring) in 2013. These recognized gains were largely offset by reductions in unrealized gains; therefore, there was no material impact to total surplus.

(c) In aggregate, the 2013 Non-Life Insurance Companies and Life Insurance Companies statutory net income (loss) and statutory capital and surplus amounts increased by $1.1 billion and $557 million, respectively, compared to the amounts previously reported in our Annual Report on Form 10-K for the year ended December 31, 2013, due to finalization of statutory filings.

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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