EQUITY (Tables)

9 Months Ended

Sep. 30, 2018

Nine Months Ended September 30, 2018	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Shares, beginning of year	1,906,671,492	(1,007,626,835)	899,044,657
Shares issued	-	4,055,727	4,055,727
Shares repurchased	-	(18,452,857)	(18,452,857)
Shares, end of period	1,906,671,492	(1,022,023,965)	884,647,527

Dividends Paid

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

				Dividends Paid
Declaration Date	Record Date	Payment Date		Per Share
August 2, 2018	September 17, 2018	September 28, 2018	$	0.32
May 2, 2018	June 14, 2018	June 28, 2018		0.32
February 8, 2018	March 15, 2018	March 29, 2018		0.32
August 2, 2017	September 15, 2017	September 29, 2017		0.32
May 3, 2017	June 14, 2017	June 28, 2017		0.32
February 14, 2017	March 15, 2017	March 29, 2017		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:

Nine Months Ended September 30,
(in millions)		2018		2017
Aggregate repurchases of common stock	$	994	$	6,275
Total number of common shares repurchased		18		100
Aggregate repurchases of warrants	$	6	$	3
Total number of warrants repurchased^*		-		-

* For the nine-month periods ended September 30, 2018 and 2017, we repurchased 366,253 and 185,000 warrants to purchase shares of AIG Common Stock, respectively.

Accumulated Other Comprehensive Income (Loss)

		Unrealized Appreciation								Fair Value of
		(Depreciation) of Fixed		Unrealized						Liabilities Under
		Maturity Securities on		Appreciation		Foreign		Retirement		Fair Value Option
		Which Other-Than-		(Depreciation)		Currency		Plan		Attributable to
		Temporary Credit		of All Other		Translation		Liabilities		Changes in
(in millions)		Impairments Were Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Balance, June 30, 2018, net of tax	$	(234)	$	3,944	$	(2,426)	$	(1,062)	$	8	$	230
Cumulative effect of change in
accounting principles		-		-		-		-		-		-
Change in unrealized appreciation (depreciation)
of investments		350		(1,301)		-		-		-		(951)
Change in deferred policy acquisition costs
adjustment and other		(205)		216		-		-		-		11
Change in future policy benefits		-		340		-		-		-		340
Change in foreign currency translation adjustments		-		-		(131)		-		-		(131)
Change in net actuarial loss		-		-		-		16		-		16
Change in prior service cost		-		-		-		-		-		-
Change in deferred tax asset (liability)		(38)		(13)		2		(2)		-		(51)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		-		-
Total other comprehensive income (loss)		107		(758)		(129)		14		-		(766)
Noncontrolling interests		-		-		-		-		-		-
Balance, September 30, 2018, net of tax	$	(127)	$	3,186	$	(2,555)	$	(1,048)	$	8	$	(536)

Balance, December 31, 2017, net of tax	$	793	$	7,693	$	(2,090)	$	(931)	$	-	$	5,465
Cumulative effect of change in
accounting principles		169		(285)		(284)		(183)		7		(576)
Change in unrealized depreciation of investments		(1,258)		(7,659)		-		-		-		(8,917)
Change in deferred policy acquisition costs
adjustment and other		(91)		1,121		-		-		-		1,030
Change in future policy benefits		-		1,464		-		-		-		1,464
Change in foreign currency translation adjustments		-		-		(154)		-		-		(154)
Change in net actuarial loss		-		-		-		54		-		54
Change in prior service credit		-		-		-		(2)		-		(2)
Change in deferred tax asset (liability)		260		852		(27)		14		-		1,099
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		1		1
Total other comprehensive income (loss)		(1,089)		(4,222)		(181)		66		1		(5,425)
Noncontrolling interests		-		-		-		-		-		-
Balance, September 30, 2018, net of tax	$	(127)	$	3,186	$	(2,555)	$	(1,048)	$	8	$	(536)

		Unrealized Appreciation								Fair Value of
		(Depreciation) of Fixed		Unrealized						Liabilities Under
		Maturity Securities on		Appreciation		Foreign		Retirement		Fair Value Option
		Which Other-Than-		(Depreciation)		Currency		Plan		Attributable to
		Temporary Credit		of All Other		Translation		Liabilities		Changes in
(in millions)		Impairments Were Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Balance, June 30, 2017, net of tax	$	659	$	7,753	$	(2,507)	$	(943)	$	-	$	4,962
Change in unrealized appreciation of investments		223		855		-		-		-		1,078
Change in deferred policy acquisition costs
adjustment and other		(73)		(271)		-		-		-		(344)
Change in future policy benefits		-		114		-		-		-		114
Change in foreign currency translation adjustments		-		-		328		-		-		328
Change in net actuarial loss		-		-		-		96		-		96
Change in prior service cost		-		-		-		-		-		-
Change in deferred tax liability		(53)		(206)		(3)		(33)		-		(295)
Total other comprehensive income		97		492		325		63		-		977
Noncontrolling interests		-		-		-		-		-		-
Balance, September 30, 2017, net of tax	$	756	$	8,245	$	(2,182)	$	(880)	$	-	$	5,939

Balance, December 31, 2016, net of tax	$	426	$	6,405	$	(2,629)	$	(972)	$	-	$	3,230
Change in unrealized appreciation of investments		564		3,693		-		-		-		4,257
Change in deferred policy acquisition costs
adjustment and other^*		(56)		(1,269)		-		-		-		(1,325)
Change in future policy benefits		-		(425)		-		-		-		(425)
Change in foreign currency translation adjustments		-		-		474		-		-		474
Change in net actuarial loss		-		-		-		134		-		134
Change in prior service cost		-		-		-		6		-		6
Change in deferred tax liability		(178)		(159)		(27)		(48)		-		(412)
Total other comprehensive income		330		1,840		447		92		-		2,709
Noncontrolling interests		-		-		-		-		-		-
Balance, September 30, 2017, net of tax	$	756	$	8,245	$	(2,182)	$	(880)	$	-	$	5,939

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

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation
		(Depreciation) of Fixed								Fair Value of
		Maturity Investments		Unrealized						Liabilities Under
		on Which Other-Than-		Appreciation		Foreign		Retirement		Fair Value Option
		Temporary Credit		(Depreciation)		Currency		Plan		Attributable to
		Impairments Were		of All Other		Translation		Liabilities		Changes in
(in millions)		Recognized		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Three Months Ended September 30, 2018
Unrealized change arising during period	$	146	$	(705)	$	(131)	$	7	$	-	$	(683)
Less: Reclassification adjustments
included in net income		1		40		-		(9)		-		32
Total other comprehensive income (loss),
before income tax expense (benefit)		145		(745)		(131)		16		-		(715)
Less: Income tax expense (benefit)		38		13		(2)		2		-		51
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	107	$	(758)	$	(129)	$	14	$	-	$	(766)
Three Months Ended September 30, 2017
Unrealized change arising during period	$	160	$	831	$	328	$	38	$	-	$	1,357
Less: Reclassification adjustments
included in net income		10		133		-		(58)		-		85
Total other comprehensive income,
before income tax expense		150		698		328		96		-		1,272
Less: Income tax expense		53		206		3		33		-		295
Total other comprehensive income,
net of income tax expense	$	97	$	492	$	325	$	63	$	-	$	977
Nine Months Ended September 30, 2018
Unrealized change arising during period	$	(1,344)	$	(5,055)	$	(154)	$	26	$	1	$	(6,526)
Less: Reclassification adjustments
included in net income		5		19		-		(26)		-		(2)
Total other comprehensive income (loss),
before income tax expense (benefit)		(1,349)		(5,074)		(154)		52		1		(6,524)
Less: Income tax expense (benefit)		(260)		(852)		27		(14)		-		(1,099)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(1,089)	$	(4,222)	$	(181)	$	66	$	1	$	(5,425)
Nine Months Ended September 30, 2017
Unrealized change arising during period	$	553	$	2,610	$	474	$	62	$	-	$	3,699
Less: Reclassification adjustments
included in net income		45		611		-		(78)		-		578
Total other comprehensive income,
before income tax expense		508		1,999		474		140		-		3,121
Less: Income tax expense		178		159		27		48		-		412
Total other comprehensive income,
net of income tax expense	$	330	$	1,840	$	447	$	92	$	-	$	2,709

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 September 30,
(in millions)		2018		2017
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken

Investments		$	1	$	10		Other realized capital gains
Total			1		10
Unrealized appreciation (depreciation) of all other investments
Investments			10		48		Other realized capital gains
Deferred acquisition costs adjustment			30		85		Amortization of deferred policy acquisition costs
Future policy benefits			-		-		Policyholder benefits and losses incurred
Total			40		133
Change in retirement plan liabilities adjustment
Prior-service credit			-		-		*
Actuarial losses			(9)		(58)		*
Total			(9)		(58)
Total reclassifications for the period		$	32	$	85
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income

	Nine Months Ended September 30,
(in millions)		2018		2017
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken

Investments		$	5	$	45		Other realized capital gains
Total			5		45
Unrealized appreciation (depreciation) of all other investments
Investments			19		415		Other realized capital gains
Deferred acquisition costs adjustment			-		196		Amortization of deferred policy acquisition costs
Future policy benefits			-		-		Policyholder benefits and losses incurred
Total			19		611
Change in retirement plan liabilities adjustment
Prior-service credit			1		1		*
Actuarial losses			(27)		(79)		*
Total			(26)		(78)
Total reclassifications for the period		$	(2)	$	578

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

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21553-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21488-112644

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21484-112644

Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details