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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2016
SEGMENT INFORMATION  
Schedule of continuing operations by reportable segment
Three Months Ended March 31,20162015
Pre-Tax Pre-Tax
TotalOperatingTotalOperating
(in millions) RevenuesIncome (Loss) RevenuesIncome (Loss)
Commercial Insurance
Property Casualty$5,278$720$5,956$1,170
Mortgage Guaranty261163264145
Institutional Markets6196624147
Total Commercial Insurance6,1588896,8441,462
Consumer Insurance
Retirement2,1144612,388800
Life1,5971051,613171
Personal Insurance2,8212222,862(26)
Total Consumer Insurance6,5327886,863945
Corporate and Other*206(733)1,042162
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 benefits1331334444
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)1,3411,341
Income from divested businesses-(2)(15)(21)
Non-operating litigation reserves and settlements3431157
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.