SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2016

SEGMENT INFORMATION

SEGMENT INFORMATION

3. SEGMENT INFORMATION

We report our results of operations consistent with the manner in which our chief operating decision makers review the business to assess performance and allocate resources through two reportable segments: Commercial Insurance and Consumer Insurance as well as a Corporate and Other category. The Corporate and Other category consists of businesses and items not allocated to our reportable segments.

We evaluate performance based on revenues and pre-tax operating income (loss). Pre-tax operating income (loss) is derived by excluding certain items from net income (loss) attributable to AIG. See the table below for the items excluded from pre-tax operating income (loss).

The following tables present our operations by reportable segment:

Three Months Ended March 31,	2016				2015
				Pre-Tax				Pre-Tax
		Total		Operating		Total		Operating
(in millions)		Revenues		Income (Loss)		Revenues		Income (Loss)
Commercial Insurance
Property Casualty	$	5,278	$	720	$	5,956	$	1,170
Mortgage Guaranty		261		163		264		145
Institutional Markets		619		6		624		147
Total Commercial Insurance		6,158		889		6,844		1,462
Consumer Insurance
Retirement		2,114		461		2,388		800
Life		1,597		105		1,613		171
Personal Insurance		2,821		222		2,862		(26)
Total Consumer Insurance		6,532		788		6,863		945
Corporate and Other*		206		(733)		1,042		162
AIG Consolidation and elimination		(159)		10		(159)		(42)
Total AIG Consolidated revenues and pre-tax operating income	$	12,737	$	954	$	14,590	$	2,527
Reconciling Items from pre-tax operating income to pre-tax income (loss) :
Changes in fair value of securities used to hedge guaranteed
living benefits		133		133		44		44
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains		-		40		-		(54)
Other income (expense) - net		-		7		-		-
Loss on extinguishment of debt		-		(83)		-		(68)
Net realized capital gains		(1,106)		(1,106)		1,341		1,341
Income from divested businesses		-		(2)		(15)		(21)
Non-operating litigation reserves and settlements		34		31		15		7
Reserve development related to non-operating run-off insurance
business		-		-		-		-
Restructuring and other costs		-		(188)		-		-
Other		(19)		-		-		-
Pre-tax income (loss)	$	11,779	$	(214)	$	15,975	$	3,776

* Corporate and Other includes income from assets held by AIG Parent and other corporate subsidiaries.