EQUITY (Tables)

6 Months Ended

Jun. 30, 2017

EQUITY

Rollforward of common stock outstanding

Six Months Ended June 30, 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	-	3,189,425	3,189,425
Shares repurchased	-	(95,132,646)	(95,132,646)
Shares, end of period	1,906,671,492	(1,003,278,872)	903,392,620

Dividends Paid

The following table presents record date, payment date and dividends paid per share on AIG Common Stock:

		Dividends Paid
Record Date	Payment Date	Per Share
June 14, 2017	June 28, 2017	0.32
March 15, 2017	March 29, 2017	0.32
June 13, 2016	June 27, 2016	0.32
March 14, 2016	March 28, 2016	0.32

Repurchases Of Common Stock and Warrant

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

Six Months Ended June 30,
(in millions)		2017		2016
Aggregate repurchases of common stock	$	6,000	$	6,248
Total number of common shares repurchased		95		113
Aggregate repurchases of warrants	$	-	$	263
Total number of warrants repurchased		-		15

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		341		2,838		-		-		3,179
Change in deferred policy acquisition costs adjustment and other*		17		(998)		-		-		(981)
Change in future policy benefits		-		(539)		-		-		(539)
Change in foreign currency translation adjustments		-		-		146		-		146
Change in net actuarial loss		-		-		-		38		38
Change in prior service cost		-		-		-		6		6
Change in deferred tax asset (liability)		(125)		47		(24)		(15)		(117)
Total other comprehensive income		233		1,348		122		29		1,732
Noncontrolling interests		-		-		-		-		-
Balance, June 30, 2017, net of tax	$	659	$	7,753	$	(2,507)	$	(943)	$	4,962

Balance, December 31, 2015, net of tax	$	696	$	5,566	$	(2,879)	$	(846)	$	2,537
Change in unrealized appreciation (depreciation) of investments		(491)		9,499		-		-		9,008
Change in deferred policy acquisition costs adjustment and other		(8)		(682)		-		-		(690)
Change in future policy benefits		-		(1,583)		-		-		(1,583)
Change in foreign currency translation adjustments		-		-		158		-		158
Change in net actuarial loss		-		-		-		11		11
Change in prior service credit		-		-		-		(13)		(13)
Change in deferred tax asset (liability)		172		(1,398)		63		(6)		(1,169)
Total other comprehensive income (loss)		(327)		5,836		221		(8)		5,722
Noncontrolling interests		-		-		-		-		-
Balance, June 30, 2016, net of tax	$	369	$	11,402	$	(2,658)	$	(854)	$	8,259

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

Other comprehensive income (loss) reclassification adjustments

		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
Three Months Ended June 30, 2017
Unrealized change arising during period	$	203	$	944	$	450	$	6	$	1,603
Less: Reclassification adjustments
included in net income		20		285		-		(10)		295
Total other comprehensive income,
before income tax expense		183		659		450		16		1,308
Less: Income tax expense		64		6		52		5		127
Total other comprehensive income,
net of income tax expense	$	119	$	653	$	398	$	11	$	1,181
Three Months Ended June 30, 2016
Unrealized change arising during period	$	59	$	4,277	$	290	$	(11)	$	4,615
Less: Reclassification adjustments
included in net income		25		1,038		-		(4)		1,059
Total other comprehensive income (loss),
before income tax expense (benefit)		34		3,239		290		(7)		3,556
Less: Income tax expense (benefit)		12		830		(23)		3		822
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	22	$	2,409	$	313	$	(10)	$	2,734
Six Months Ended June 30, 2017
Unrealized change arising during period	$	393	$	1,779	$	146	$	24	$	2,342
Less: Reclassification adjustments
included in net income		35		478		-		(20)		493
Total other comprehensive income,
before income tax expense (benefit)		358		1,301		146		44		1,849
Less: Income tax expense (benefit)		125		(47)		24		15		117
Total other comprehensive income,
net of income tax expense (benefit)	$	233	$	1,348	$	122	$	29	$	1,732
Six Months Ended June 30, 2016
Unrealized change arising during period	$	(399)	$	7,917	$	158	$	(10)	$	7,666
Less: Reclassification adjustments
included in net income		100		683		-		(8)		775
Total other comprehensive income (loss),
before income tax expense (benefit)		(499)		7,234		158		(2)		6,891
Less: Income tax expense (benefit)		(172)		1,398		(63)		6		1,169
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(327)	$	5,836	$	221	$	(8)	$	5,722

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					Affected Line Item in the Condensed Consolidated Statements of Income
	Three Months Ended June 30,
(in millions)		2017		2016
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments		$	20	$	25		Other realized capital gains
Total			20		25
Unrealized appreciation (depreciation) of all other investments
Investments			227		1,074		Other realized capital gains
Deferred acquisition costs adjustment			58		(36)		Amortization of deferred policy acquisition costs
Future policy benefits			-		-		Policyholder benefits and losses incurred
Total			285		1,038
Change in retirement plan liabilities adjustment
Prior - service credit			1		5		*
Actuarial losses			(11)		(9)		*
Total			(10)		(4)
Total reclassifications for the period		$	295	$	1,059
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income
	Six Months Ended June 30,
(in millions)		2017		2016
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments		$	35	$	100		Other realized capital gains
Total			35		100
Unrealized appreciation (depreciation) of all other investments
Investments			367		661		Other realized capital gains
Deferred acquisition costs adjustment			111		22		Amortization of deferred policy acquisition costs
Future policy benefits			-		-		Policyholder benefits and losses incurred
Total			478		683
Change in retirement plan liabilities adjustment
Prior - service credit			1		9		*
Actuarial losses			(21)		(17)		*
Total			(20)		(8)		-
Total reclassifications for the period		$	493	$	775		-

* 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.