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SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2018
SEGMENT INFORMATION  
Schedule of continuing operations by operating segment
NetAdjusted
TotalInvestmentInterestAmortizationPre-Tax
(in millions) RevenuesIncomeExpenseof DACIncome (Loss)
2018
General Insurance
North America$14,619$2,305$-$1,859$(8)
International15,554363-2,737(461)
Total General Insurance30,1732,668-4,596(469)
Life and Retirement
Individual Retirement5,3383,827826301,681
Group Retirement2,8912,1724295933
Life Insurance4,0071,13725(50)330
Institutional Markets1,900786135246
Total Life and Retirement14,1367,9221626803,190
Other Operations636451,06610(1,584)
Legacy Portfolio3,0392,32530105213
AIG Consolidation and elimination(171)(232)85-59
Total AIG Consolidated adjusted revenues and adjusted
pre-tax income$47,813$12,728$1,343$5,391$1,409
Reconciling Items from adjusted pre-tax income to
pre-tax income (loss):
Changes in fair value of securities used to hedge guaranteed
living benefits(128)(128)--(154)
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains---(5)6
Other income (expense) - net(53)----
Loss on extinguishment of debt----(7)
Net realized capital losses*(254)(124)(34)-(193)
Income from divested businesses----38
Non-operating litigation reserves and settlements11---(19)
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements----(675)
Net loss reserve discount benefit (charge)----371
Pension expense related to a one-time lump sum payment to
former employees-----
Integration and transaction costs associated with acquired businesses----(124)
Restructuring and other costs----(395)
Revenues and Pre-tax income (loss)$47,389$12,476$1,309$5,386$257
2017
General Insurance
North America$14,600$3,145$31$1,305$(232)
International15,094523(9)2,460(581)
Total General Insurance29,6943,668223,765(813)
Life and Retirement
Individual Retirement5,5144,013584152,289
Group Retirement2,8482,16432841,004
Life Insurance4,0561,04413239274
Institutional Markets3,16859565264
Total Life and Retirement15,5867,8161097433,831
Other Operations1,41353968(9)(1,405)
Legacy Portfolio4,3912,776122761,470
AIG Consolidation and elimination(308)(280)(53)475
Total AIG Consolidated adjusted revenues and adjusted
pre-tax income$50,776$14,033$1,168$4,579$3,158
Reconciling Items from adjusted pre-tax income to
pre-tax income:
Changes in fair value of securities used to hedge guaranteed
living benefits146146--146
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains---(291)303
Other income (expense) - net(49)----
Gain on extinguishment of debt----5
Net realized capital losses(1,380)---(1,380)
Income from divested businesses----68
Non-operating litigation reserves and settlements27---129
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements----(303)
Net loss reserve discount benefit (charge)----(187)
Pension expense related to a one-time lump sum payment to
former employees----(60)
Restructuring and other costs----(413)
Revenues and Pre-tax income$49,520$14,179$1,168$4,288$1,466
2016
General Insurance
North America$17,005$3,041$28$1,444$(2,399)
International16,135513-2,677348
Total General Insurance33,1403,554284,121(2,051)
Life and Retirement
Individual Retirement5,7583,878502982,269
Group Retirement2,7692,14626129931
Life Insurance3,8181,03512182(37)
Institutional Markets1,43356344265
Total Life and Retirement13,7787,622926133,428
Other Operations2,51720797872(1,011)
Legacy Portfolio5,2502,9132821081,007
AIG Consolidation and elimination(494)(351)(120)(117)42
Total AIG Consolidated adjusted revenues and adjusted
pre-tax income$54,191$13,945$1,260$4,797$1,415
Reconciling Items from adjusted pre-tax income to
pre-tax income (loss):
Changes in fair value of securities used to hedge guaranteed
living benefits120120--120
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains---(276)195
Other income (expense) - net(44)----
Loss on extinguishment of debt----(74)
Net realized capital losses(1,944)---(1,944)
Income from divested businesses----545
Non-operating litigation reserves and settlements44---41
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements----42
Net loss reserve discount benefit (charge)----427
Pension expense related to a one-time lump sum payment to
former employees----(147)
Restructuring and other costs----(694)
Revenues and Pre-tax income (loss)$52,367$14,065$1,260$4,521$(74)

* 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.
Schedule of year-end identifiable assets and capital expenditures by legal entity
Year-End Identifiable AssetsCapital Expenditures
(in millions)2018201720182017
General Insurance companies$110,007$114,841$171$239
Life and Retirement companies247,219289,4579488
Other140,428105,425103156
AIG Consolidation and Elimination(5,670)(11,422)--
Total Assets$491,984$498,301$368$483
Schedule of entity's consolidated total revenues and real estate and other fixed assets by major geographic area
Real Estate and Other Fixed Assets,
Total Revenues*Net of Accumulated Depreciation
(in millions)201820172016201820172016
North America$31,003$34,149$36,871$1,479$1,630$1,326
International16,38615,37115,4966938921,334
Consolidated$47,389$49,520$52,367$2,172$2,522$2,660

* Revenues are generally reported according to the geographic location of the reporting unit. International revenues consists of revenues from our General Insurance International operating segment.