INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Tables)

3 Months Ended

Mar. 31, 2015

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT

		American
		International					Reclassifications
		Group, Inc.				Other		and	Consolidated
(in millions)	(As Guarantor)		AIGLH			Subsidiaries		Eliminations		AIG
March 31, 2015
Assets:
Short-term investments	$	7,639	$	-	$	5,239	$	(917)	$	11,961
Other investments^(a)		12,000		-		332,852		-		344,852
Total investments		19,639		-		338,091		(917)		356,813
Cash		65		8		1,750		-		1,823
Loans to subsidiaries^(b)		30,016		-		559		(30,575)		-
Investment in consolidated subsidiaries^(b)		64,739		36,372		-		(101,111)		-
Other assets, including deferred income taxes		23,297		102		145,331		(6,665)		162,065
Total assets	$	137,756	$	36,482	$	485,731	$	(139,268)	$	520,701

Liabilities:
Insurance liabilities	$	-	$	-	$	269,521	$	-	$	269,521
Long-term debt		22,137		820		9,042		-		31,999
Other liabilities, including intercompany balances^(a)(c)		7,087		59		107,361		(3,693)		110,814
Loans from subsidiaries^(b)		553		-		30,017		(30,570)		-
Total liabilities		29,777		879		415,941		(34,263)		412,334
Total AIG shareholders’ equity		107,979		35,603		69,402		(105,005)		107,979
Non-redeemable noncontrolling interests		-		-		388		-		388
Total equity		107,979		35,603		69,790		(105,005)		108,367
Total liabilities and equity	$	137,756	$	36,482	$	485,731	$	(139,268)	$	520,701


December 31, 2014
Assets:
Short-term investments	$	6,078	$	-	$	6,231	$	(1,066)	$	11,243
Other investments^(a)		11,415		-		333,108		-		344,523
Total investments		17,493		-		339,339		(1,066)		355,766
Cash		26		91		1,641		-		1,758
Loans to subsidiaries^(b)		31,070		-		779		(31,849)		-
Investment in consolidated subsidiaries^(b)		62,811		35,850		-		(98,661)		-
Other assets, including deferred income taxes		23,835		2,305		141,826		(9,909)		158,057
Total assets	$	135,235	$	38,246	$	483,585	$	(141,485)	$	515,581
Liabilities:
Insurance liabilities	$	-	$	-	$	270,615	$	-	$	270,615
Long-term debt		21,190		820		9,207		-		31,217
Other liabilities, including intercompany balances^(a)(c)		6,196		2,314		108,189		(10,222)		106,477
Loans from subsidiaries^(b)		951		-		30,898		(31,849)		-
Total liabilities		28,337		3,134		418,909		(42,071)		408,309
Total AIG shareholders’ equity		106,898		35,112		64,302		(99,414)		106,898
Non-redeemable noncontrolling interests		-		-		374		-		374
Total equity		106,898		35,112		64,676		(99,414)		107,272
Total liabilities and equity	$	135,235	$	38,246	$	483,585	$	(141,485)	$	515,581

(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment.

(b) Eliminated in consolidation.

(c) For March 31, 2015 and December 31, 2014, includes intercompany tax payable of $921 million and $343 million, respectively, and intercompany derivative liabilities of $88 million and $275 million, respectively, for AIG Parent (as Guarantor) and intercompany tax receivable of $34 million and $3 million, respectively, for AIGLH.

Condensed Consolidating Statements of Income (loss)


		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
Three Months Ended March 31, 2015
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	2,757	$	773	$	-	$	(3,530)	$	-
Other income		150		-		15,914		(89)		15,975
Total revenues		2,907		773		15,914		(3,619)		15,975
Expenses:
Interest expense		289		16		65		(30)		340
Loss on extinguishment of debt		61		-		-		7		68
Other expenses		246		(5)		11,609		(59)		11,791
Total expenses		596		11		11,674		(82)		12,199
Income (loss) from continuing operations before income tax
expense (benefit)		2,311		762		4,240		(3,537)		3,776
Income tax expense (benefit)		(157)		(43)		1,501		(1)		1,300
Income (loss) from continuing operations		2,468		805		2,739		(3,536)		2,476
Income from discontinued operations, net of income taxes		-		-		1		-		1
Net income (loss)		2,468		805		2,740		(3,536)		2,477
Less:
Total net income attributable to
noncontrolling interests		-		-		9		-		9
Net income (loss) attributable to AIG	$	2,468	$	805	$	2,731	$	(3,536)	$	2,468
Three Months Ended March 31, 2014
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	1,985	$	730	$	-	$	(2,715)	$	-
Other income		224		-		16,051		(112)		16,163
Total revenues		2,209		730		16,051		(2,827)		16,163
Expenses:
Interest expense		422		29		61		(33)		479
Loss on extinguishment of debt		288		-		-		(50)		238
Other expenses		242		1		12,969		(39)		13,173
Total expenses		952		30		13,030		(122)		13,890
Income (loss) from continuing operations before income tax
expense (benefit)		1,257		700		3,021		(2,705)		2,273
Income tax expense (benefit)		(349)		(144)		1,126		(19)		614
Income (loss) from continuing operations		1,606		844		1,895		(2,686)		1,659
Income (loss) from discontinued operations, net of income taxes		3		-		(50)		-		(47)
Net income (loss)		1,609		844		1,845		(2,686)		1,612
Less:
Total net income attributable to
noncontrolling interests		-		-		3		-		3
Net income (loss) attributable to AIG	$	1,609	$	844	$	1,842	$	(2,686)	$	1,609

* Eliminated in consolidation.

Condensed Consolidating Statements of Comprehensive Income (loss)

		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
Three Months Ended March 31, 2015
Net income (loss)	$	2,468	$	805	$	2,740	$	(3,536)	$	2,477
Other comprehensive income (loss)		38		908		(1,061)		152		37
Comprehensive income (loss)		2,506		1,713		1,679		(3,384)		2,514
Total comprehensive income attributable to noncontrolling interests		-		-		6		-		6
Comprehensive income (loss) attributable to AIG	$	2,506	$	1,713	$	1,673	$	(3,384)	$	2,508
Three Months Ended March 31, 2014
Net income (loss)	$	1,609	$	844	$	1,845	$	(2,686)	$	1,612
Other comprehensive income (loss)		2,725		1,494		1,849		(3,343)		2,725
Comprehensive income (loss)		4,334		2,338		3,694		(6,029)		4,337
Total comprehensive income attributable to noncontrolling interests		-		-		3		-		3
Comprehensive income (loss) attributable to AIG	$	4,334	$	2,338	$	3,691	$	(6,029)	$	4,334

Condensed Consolidating Statements of Cash Flows

		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries^*		Eliminations^*		AIG
Three Months Ended March 31, 2015
Net cash provided by operating activities		1,111		284		2,257		(3,264)		388
Cash flows from investing activities:
Sales of investments		505		-		15,995		(1,271)		15,229
Purchase of investments		(897)		-		(13,483)		1,271		(13,109)
Loans to subsidiaries - net		1,091		-		395		(1,486)		-
Contributions to subsidiaries - net		(70)		-		-		70		-
Net change in restricted cash		-		-		(47)		-		(47)
Net change in short-term investments		(1,035)		-		231		-		(804)
Other, net		-		-		(955)		-		(955)
Net cash (used in) provided by investing activities		(406)		-		2,136		(1,416)		314
Cash flows from financing activities:
Issuance of long-term debt		2,342		-		243		-		2,585
Repayments of long-term debt		(977)		-		(916)		-		(1,893)
Purchase of Common Stock		(1,398)		-		-		-		(1,398)
Intercompany loans - net		(394)		-		(1,092)		1,486		-
Cash dividends paid		(170)		(367)		(2,897)		3,264		(170)
Other, net		(69)		-		411		(70)		272
Net cash (used in) financing activities		(666)		(367)		(4,251)		4,680		(604)
Effect of exchange rate changes on cash		-		-		(33)		-		(33)
Change in cash		39		(83)		109		-		65
Cash at beginning of year		26		91		1,641		-		1,758
Reclassification to assets held for sale		-		-		-		-		-
Cash at end of period	$	65	$	8	$	1,750	$	-	$	1,823

Three Months Ended March 31, 2014
Net cash provided by operating activities		875		1,711		1,586		(3,409)		763
Cash flows from investing activities:
Sales of investments		430		-		14,813		-		15,243
Purchase of investments		(38)		-		(14,260)		-		(14,298)
Loans to subsidiaries - net		295		-		53		(348)		-
Contributions to subsidiaries - net		40		-		-		(40)		-
Net change in restricted cash		(6)		-		(661)		-		(667)
Net change in short-term investments		2,027		-		1,561		-		3,588
Other, net		(16)		-		(67)		-		(83)
Net cash provided by investing activities		2,732		-		1,439		(388)		3,783

Cash flows from financing activities:
Issuance of long-term debt		-		-		1,583		-		1,583
Repayments of long-term debt		(2,196)		-		(1,085)		-		(3,281)
Intercompany loans - net		(47)		(100)		(201)		348		-
Purchase of common stock		(867)		-		-		-		(867)
Cash dividends paid to shareholders		(182)		(1,653)		(1,756)		3,409		(182)
Other, net		(285)		-		(1,297)		40		(1,542)
Net cash (used in) financing activities		(3,577)		(1,753)		(2,756)		3,797		(4,289)
Effect of exchange rate changes on cash		-		-		(11)		-		(11)
Change in cash		30		(42)		258		-		246
Cash at beginning of year		30		51		2,160		-		2,241
Change in cash of businesses held for sale		-		-		3		-		3
Cash at end of period	$	60	$	9	$	2,421	$	-	$	2,490

Supplementary Disclosure of Condensed Consolidating Cash Flow Information

		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries^*		Eliminations^*		AIG
Cash (paid) received during the 2015 period for:
Interest:
Third party	$	240	$	(27)	$	(520)	$	-	$	(307)
Intercompany		-		-		-		-		-
Taxes:
Income tax authorities	$	(1)	$	-	$	(139)	$	-	$	(140)
Intercompany		291		-		(291)		-		-
Cash (paid) received during the 2014 period for:
Interest:
Third party	$	(363)	$	(41)	$	(436)	$	-	$	(840)
Intercompany		(1)		(4)		5		-		-
Taxes:
Income tax authorities	$	(3)	$	-	$	(162)	$	-	$	(165)
Intercompany		289		-		(289)		-		-

Supplementary disclosure of non-cash activities

Three Months Ended March 31,
(in millions)		2015		2014
Intercompany non-cash financing and investing activities:
Capital contributions	$	111	$	993
Dividends received in the form of securities		140		-