STATUTORY FINANCIAL DATA AND RESTRICTIONS (Tables)

12 Months Ended

Dec. 31, 2015

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)		2015		2014		2013
Years Ended December 31,
Statutory net income (loss)^{(a)(b)(c)(d)(e)}:
Non-Life Insurance Companies:
Domestic^(d)(e)	$	1,202	$	3,265	$	11,440
Foreign		521		1,252		842
Total Non-Life Insurance Companies		1,723		4,517		12,282
Life Insurance Companies:
Domestic		2,672		2,865		5,047
Foreign		(16)		(9)		(9)
Total Life Insurance Companies		2,656		2,856		5,038
At December 31,
Statutory capital and surplus^(a)(c)(d)(e):
Non-Life Insurance Companies:
Domestic^(d)(e)	$	24,358	$	27,621
Foreign		11,465		12,183
Total Non-Life Insurance Companies		35,823		39,804
Life Insurance Companies:
Domestic		8,287		9,879
Foreign		422		437
Total Life Insurance Companies		8,709		10,316
Aggregate minimum required statutory capital and surplus:
Non-Life Insurance Companies^(f):
Domestic^(f)	$	6,493	$	7,540
Foreign		7,554		8,210
Total Non-Life Insurance Companies		14,047		15,750
Life Insurance Companies:
Domestic		3,658		3,674
Foreign		45		46
Total Life Insurance Companies		3,703		3,720

(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 2015. Non-Life Insurance Companies include $0 and approximately $8.0 billion of recognized statutory gains related to legal entity simplification (restructuring) in 2014 and 2013, respectively. These recognized gains were largely offset by reductions in unrealized gains; therefore, there was no material impact to total surplus.

(c) In aggregate, the 2014 Non-Life Insurance Companies and Life Insurance Companies statutory net income (loss) and statutory capital and surplus amounts increased by $115 million and $303 million, respectively, compared to the amounts previously reported in our Annual Report on Form 10-K for the year ended December 31, 2014, due to finalization of statutory filings.

(d) Non-Life Insurance Companies recognized $2.75 billion of capital contributions from AIG Parent in their statutory financial statements as of December 31, 2015, related to the reserve strengthening in the fourth quarter of 2015. These capital contributions were received in January 2016.

(e) For the year ended December 31, 2015, excluded Eaglestone Reinsurance Company (Eaglestone), a reinsurer of run-off lines of business from affiliates within Non-Life Insurance Companies, which was transferred from the Non-Life Insurance Companies to Corporate and Other. The statutory net income and statutory capital and surplus of Eaglestone at December 31, 2015 were $22.8 million and $1.9 billion, respectively. The statutory surplus included $150 million of capital contribution received from AIG Parent in January 2016.

(f) For the year ended December 31, 2015, excluded $274 million for Eaglestone.

- 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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