EQUITY (Tables)

3 Months Ended

Mar. 31, 2017

EQUITY

Rollforward of common stock outstanding

Three Months Ended March 31, 2017	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Shares, beginning of year	1,906,671,492	(911,335,651)	995,335,841
Shares issued	-	3,138,933	3,138,933
Shares repurchased	-	(55,994,748)	(55,994,748)
Shares, end of period	1,906,671,492	(964,191,466)	942,480,026

Repurchases Of Common Stock and Warrant

The following table presents repurchases of AIG Common Stock and warrants to purchase shares of AIG Common Stock:

Three Months Ended March 31,
(in millions)		2017		2016
Aggregate repurchases of common stock	$	3,585	$	3,486
Total number of common shares repurchased		56		63
Aggregate repurchases of warrants	$	-	$	173
Total number of warrants repurchased		-		10

Accumulated Other Comprehensive Income (Loss)

		Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Other-Than- Temporary Credit Impairments Were Taken
				Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment
(in millions)										Total
Balance, December 31, 2016, net of tax	$	426	$	6,405	$	(2,629)	$	(972)	$	3,230
Change in unrealized appreciation of investments		143		690		-		-		833
Change in deferred policy acquisition costs adjustment and other*		32		38		-		-		70
Change in future policy benefits		-		(86)		-		-		(86)
Change in foreign currency translation adjustments		-		-		(304)		-		(304)
Change in net actuarial loss		-		-		-		25		25
Change in prior service cost		-		-		-		3		3
Change in deferred tax asset (liability)		(61)		53		28		(10)		10
Total other comprehensive income (loss)		114		695		(276)		18		551
Noncontrolling interests		-		-		-		-		-
Balance, March 31, 2017, net of tax	$	540	$	7,100	$	(2,905)	$	(954)	$	3,781
Balance, December 31, 2015, net of tax	$	696	$	5,566	$	(2,879)	$	(846)	$	2,537
Change in unrealized appreciation (depreciation) of investments		(548)		5,083		-		-		4,535
Change in deferred policy acquisition costs adjustment and other		15		(360)		-		-		(345)
Change in future policy benefits		-		(728)		-		-		(728)
Change in foreign currency translation adjustments		-		-		(132)		-		(132)
Change in net actuarial loss		-		-		-		12		12
Change in prior service credit		-		-		-		(7)		(7)
Change in deferred tax asset (liability)		184		(568)		40		(3)		(347)
Total other comprehensive income (loss)		(349)		3,427		(92)		2		2,988
Noncontrolling interests		-		-		-		-		-
Balance, March 31, 2016, net of tax	$	347	$	8,993	$	(2,971)	$	(844)	$	5,525

*Includes net unrealized gains attributable to businesses held for sale.

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation
		(Depreciation) of Fixed
		Maturity Investments		Unrealized
		on Which Other-Than-		Appreciation		Foreign		Retirement
		Temporary Credit		(Depreciation)		Currency		Plan
		Impairments Were		of All Other		Translation		Liabilities
(in millions)		Recognized		Investments		Adjustments		Adjustment		Total
March 31, 2017
Unrealized change arising during period	$	190	$	835	$	(304)	$	18	$	739
Less: Reclassification adjustments
included in net income		15		193		-		(10)		198
Total other comprehensive income (loss),
before income tax expense (benefit)		175		642		(304)		28		541
Less: Income tax expense (benefit)		61		(53)		(28)		10		(10)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	114	$	695	$	(276)	$	18	$	551

Schedule of effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Consolidated Statements of Income

	Amount Reclassified
	from Accumulated Other
	Comprehensive Income
	Three Months Ended March 31,					Affected Line Item in the
(in millions)			2017		2016	Condensed Consolidated Statements of Income
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were recognized
Investments		$	15	$	75	Other realized capital gains
Total			15		75
Unrealized appreciation (depreciation) of
all other investments
Investments			140		(413)	Other realized capital gains
Deferred policy acquisition costs adjustment			53		58	Amortization of deferred policy acquisition costs
Future policy benefits			-		-	Policyholder benefits and losses incurred
Total			193		(355)
Change in retirement plan liabilities adjustment
Prior-service costs			-		4	*
Actuarial losses			(10)		(8)	*
Total			(10)		(4)
Total reclassifications for the period		$	198	$	(284)

* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 14 to the Condensed Consolidated Financial Statements.