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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2017
SEGMENT INFORMATION  
Schedule of continuing operations by reportable segment
Three Months Ended March 31,20172016
Pre-Tax Pre-Tax
TotalOperatingTotalOperating
(in millions) RevenuesIncome (Loss) RevenuesIncome (Loss)
Commercial Insurance
Liability and Financial Lines$2,848$574$3,311$569
Property and Special Risks1,8352751,98793
Total Commercial Insurance4,6838495,298662
Consumer Insurance
Individual Retirement1,3735391,493302
Group Retirement718243629191
Life Insurance1,013549531
Personal Insurance2,8382122,816210
Total Consumer Insurance5,9421,0485,891704
Other Operations1,090(246)998(239)
Legacy Portfolio1,084342681(202)
AIG Consolidation and elimination(64)48(131)20
Total AIG Consolidated revenues and pre-tax operating income12,7352,04112,737945
Reconciling Items from revenues and pre-tax operating income to
revenues and pre-tax income (loss):
Changes in fair value of securities used to hedge guaranteed
living benefits1111133133
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains-53-40
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements-(14)-7
Gain (Loss) on extinguishment of debt-1-(83)
Net realized capital losses(115)(115)(1,106)(1,106)
Loss from divested businesses-(100)-(2)
Non-operating litigation reserves and settlements1063431
Net loss reserve discount benefit (charge)-25-9
Restructuring and other costs-(181)-(188)
Other(9)-(19)-
Revenues and Pre-tax income (loss)$12,632$1,727$11,779$(214)