SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of continuing operations by reportable segment

The following table presents AIG’s continuing operations by operating segment:

Three Months Ended June 30,	2018				2017
				Adjusted				Adjusted
		Adjusted		Pre-tax		Adjusted		Pre-tax
(in millions)		Revenues		Income (Loss)		Revenues		Income (Loss)
General Insurance
North America	$	3,426	$	407	$	3,671	$	721
International		3,801		161		3,750		325
Total General Insurance		7,227		568		7,421		1,046
Life and Retirement
Individual Retirement		1,366		462		1,383		558
Group Retirement		730		250		696		266
Life Insurance		1,092		175		1,030		106
Institutional Markets		277		75		256		63
Total Life and Retirement		3,465		962		3,365		993
Other Operations		169		(374)		626		(365)
Legacy Portfolio		781		134		1,138		431
AIG Consolidation and elimination		(110)		(12)		(54)		28
Total AIG Consolidated adjusted revenues and adjusted pre-tax income		11,532		1,278		12,496		2,133
Reconciling Items to revenues and pre-tax income:
Changes in fair value of securities used to hedge guaranteed
living benefits		(27)		(36)		80		80
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains		-		1		-		58
Other income (expense) - net		(14)		-		(11)		-
Gain (Loss) on extinguishment of debt		-		(5)		-		4
Net realized capital gains (losses)^*		139		155		(69)		(69)
Income (loss) from divested businesses		-		25		-		(60)
Non-operating litigation reserves and settlements		1		(12)		6		80
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements		-		32		-		(251)
Net loss reserve discount benefit (charge)		-		14		-		(260)
Pension expense related to a one-time lump sum payment to former employees		-		-		-		(1)
Restructuring and other costs		-		(200)		-		(47)
Revenues and Pre-tax income	$	11,631	$	1,252	$	12,502	$	1,667

Six Months Ended June 30,	2018				2017
				Adjusted				Adjusted
		Adjusted		Pre-Tax		Adjusted		Pre-Tax
(in millions)		Revenues		Income (Loss)		Revenues		Income (Loss)
General Insurance
North America	$	6,766	$	727	$	7,511	$	1,549
International		7,905		351		7,448		558
Total General Insurance		14,671		1,078		14,959		2,107
Life and Retirement
Individual Retirement		2,727		961		2,756		1,097
Group Retirement		1,491		532		1,414		509
Life Insurance		2,153		227		2,043		160
Institutional Markets		554		134		855		125
Total Life and Retirement		6,925		1,854		7,068		1,891
Other Operations		319		(716)		1,100		(673)
Legacy Portfolio		1,617		279		2,222		773
AIG Consolidation and elimination		(172)		(1)		(118)		76
Total AIG Consolidated adjusted revenues and adjusted pre-tax income		23,360		2,494		25,231		4,174
Reconciling Items to revenues and pre-tax income:
Changes in fair value of securities used to hedge guaranteed
living benefits		(104)		(113)		91		91
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains		-		(30)		-		111
Other income (expense) - net		(25)		-		(20)		-
Gain (Loss) on extinguishment of debt		-		(9)		-		5
Net realized capital gains (losses)^*		110		136		(184)		(184)
Income (loss) from divested businesses		-		33		-		(160)
Non-operating litigation reserves and settlements		2		(25)		16		86
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements		-		(2)		-		(265)
Net loss reserve discount benefit (charge)		-		219		-		(235)
Pension expense related to a one-time lump sum payment to former employees		-		-		-		(1)
Restructuring and other costs		-		(224)		-		(228)
Revenues and Pre-tax income	$	23,343	$	2,479	$	25,134	$	3,394

* Includes all net realized capital gains and losses except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedging or for asset replication.