STATUTORY FINANCIAL DATA AND RESTRICTIONS (Tables)

12 Months Ended

Dec. 31, 2016

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)		2016		2015		2014
Years Ended December 31,
Statutory net income (loss)^(a)(b)(c):
Property Casualty Insurance Companies:
Domestic^(c)	$	(229)	$	1,444	$	3,265
Foreign		(1,316)		594		1,252
Total Property Casualty Insurance Companies	$	(1,545)	$	2,038	$	4,517
Life Insurance Companies:
Domestic	$	2,252	$	2,200	$	2,865
Foreign		47		(5)		(9)
Total Life Insurance Companies	$	2,299	$	2,195	$	2,856
At December 31,
Statutory capital and surplus^(a)(b)(c):
Property Casualty Insurance Companies:
Domestic^(c)	$	21,819	$	25,956
Foreign		12,689		12,995
Total Property Casualty Insurance Companies	$	34,508	$	38,951
Life Insurance Companies:
Domestic	$	12,363	$	8,379
Foreign		490		422
Total Life Insurance Companies	$	12,853	$	8,801
Aggregate minimum required statutory capital and surplus:
Property Casualty Insurance Companies:
Domestic	$	5,390	$	7,119
Foreign		7,355		7,208
Total Property Casualty Insurance Companies	$	12,745	$	14,327
Life Insurance Companies:
Domestic	$	3,107	$	3,659
Foreign		234		179
Total Life Insurance Companies	$	3,341	$	3,838

(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) In aggregate, the 2015 Property Casualty Insurance Companies and Life Insurance Companies statutory net income decreased by $146 million and the 2015 Property Casualty Insurance Companies and Life Insurance Companies statutory capital and surplus increased by $3.2 billion, compared to the amounts previously reported in our Annual Report on Form 10-K for the year ended December 31, 2015, due to finalization of statutory filings, as well as inclusion of the finalized statutory net loss and statutory capital and surplus of Eaglestone of $3.4 million and $1.9 billion, respectively. The results of Eaglestone were excluded from the 2015 Property Casualty Insurance Companies statutory net income and statutory capital and surplus in our previously reported Form 10-K for the year ended December 31, 2015.

(c) Property Casualty Insurance Companies recognized $200 million and $2.9 billion of capital contributions from AIG Parent in their statutory financial statements as of December 31, 2016 and 2015, respectively, related to the reserve strengthening in the fourth quarter of each year. These capital contributions were received in February 2017 and January 2016, respectively.

- 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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