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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2015
Segment results  
Schedule of year-end identifiable assets and capital expenditures by reportable segment
20152014
Pre-Tax Pre-Tax
Three Months Ended March 31,TotalOperatingTotalOperating
(in millions) RevenuesIncome (Loss) RevenuesIncome (Loss)
Commercial Insurance
Property Casualty$5,956$1,170$6,112$1,116
Mortgage Guaranty26414524876
Institutional Markets624147695229
Total Commercial Insurance6,8441,4627,0551,421
Consumer Insurance
Retirement2,3888002,485915
Life1,6131711,610235
Personal Insurance2,862(26)3,06418
Total Consumer Insurance6,8639457,1591,168
Corporate and Other
Direct Investment book178145519440
Global Capital Markets1371145929
AIG Parent and Other*968(120)523(538)
Consolidation and elimination(273)(1)(133)1
Total Corporate and Other1,010138968(68)
AIG Consolidation and elimination(127)(18)(82)35
Total AIG Consolidated revenues and pre-tax operating income$14,590$2,527$15,100$2,556
Reconciling Items from pre-tax operating income to pre-tax income:
Changes in fair values of fixed maturity securities designated to
hedge living benefit liabilities, net of interest expense44447676
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains-(54)-7
Loss on extinguishment of debt-(68)-(238)
Net realized capital gains1,3411,341(152)(152)
Income from divested businesses(15)(21)1,11321
Legal settlements related to legacy crisis matters15152626
Legal reserves related to legacy crisis matters-(8)-(23)
Pre-tax income$15,975$3,776$16,163$2,273

* Includes Run-off Insurance Lines and Other Businesses.