EQUITY (Tables)

12 Months Ended

Dec. 31, 2018

EQUITY

Rollforward of common stock outstanding

	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Year Ended December 31, 2016
Shares, beginning of year	1,906,671,492	(712,754,875)	1,193,916,617
Shares issued	-	2,069,110	2,069,110
Shares repurchased	-	(200,649,886)	(200,649,886)
Shares, end of year	1,906,671,492	(911,335,651)	995,335,841
Year Ended December 31, 2017
Shares, beginning of year	1,906,671,492	(911,335,651)	995,335,841
Shares issued	-	3,386,462	3,386,462
Shares repurchased	-	(99,677,646)	(99,677,646)
Shares, end of year	1,906,671,492	(1,007,626,835)	899,044,657
Year Ended December 31, 2018
Shares, beginning of year	1,906,671,492	(1,007,626,835)	899,044,657
Shares issued	-	4,091,922	4,091,922
Shares repurchased	-	(36,527,150)	(36,527,150)
Shares, end of year	1,906,671,492	(1,040,062,063)	866,609,429

Dividends Paid

				Dividends Paid
Declaration Date	Record Date	Payment Date		Per Share
October 31, 2018	December 12, 2018	December 26, 2018	$	0.32
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
November 2, 2017	December 8, 2017	December 22, 2017		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
November 2, 2016	December 8, 2016	December 22, 2016		0.32
August 2, 2016	September 15, 2016	September 29, 2016		0.32
May 2, 2016	June 13, 2016	June 27, 2016		0.32
February 11, 2016	March 14, 2016	March 28, 2016		0.32

Repurchases Of Common Stock and Warrant

Years Ended December 31,
(in millions)		2018		2017		2016
Aggregate repurchases of common stock	$	1,739	$	6,275	$	11,460
Total number of common shares repurchased		37		100		201
Aggregate repurchases of warrants	$	11	$	3	$	309
Total number of warrants repurchased*		1		-		17

* In 2017, we repurchased 185,000 warrantsto purchase shares of AIG Common Stock.

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, January 1, 2016, net of tax	$	696	$	5,566	$	(2,879)	$	(846)	$	-	$	2,537
Change in unrealized appreciation (depreciation)
of investments		(326)		931		-		-		-		605
Change in deferred policy acquisition costs
adjustment and other		(19)		286		-		-		-		267
Change in future policy benefits		-		(676)		-		-		-		(676)
Change in foreign currency translation adjustments		-		-		93		-		-		93
Change in net actuarial loss		-		-		-		(151)		-		(151)
Change in prior service credit		-		-		-		(22)		-		(22)
Change in deferred tax asset		75		298		157		47		-		577
Total other comprehensive income (loss)		(270)		839		250		(126)		-		693
Noncontrolling interests		-		-		-		-		-		-
Balance, December 31, 2016, net of tax	$	426	$	6,405	$	(2,629)	$	(972)	$	-	$	3,230
Change in unrealized appreciation
of investments		394		3,668		-		-		-		4,062
Change in deferred policy acquisition costs
adjustment and other*		23		(1,282)		-		-		-		(1,259)
Change in future policy benefits		-		(1,102)		-		-		-		(1,102)
Change in foreign currency translation adjustments		-		-		547		-		-		547
Change in net actuarial gain		-		-		-		110		-		110
Change in prior service cost		-		-		-		9		-		9
Change in deferred tax asset (liability)		(50)		4		(8)		(78)		-		(132)
Total other comprehensive income		367		1,288		539		41		-		2,235
Noncontrolling interests		-		-		-		-		-		-
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		(1,320)		(8,688)		-		-		-		(10,008)
Change in deferred policy acquisition costs
adjustment and other		(57)		1,300		-		-		-		1,243
Change in future policy benefits		-		1,711		-		-		-		1,711
Change in foreign currency translation adjustments		-		-		(314)		-		-		(314)
Change in net actuarial loss		-		-		-		(23)		-		(23)
Change in prior service credit		-		-		-		(4)		-		(4)
Change in deferred tax asset (liability)		377		702		(35)		55		-		1,099
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		3		3
Total other comprehensive income (loss)		(1,000)		(4,975)		(349)		28		3		(6,293)
Noncontrolling interests		-		7		2		-		-		9
Balance, December 31, 2018, net of tax	$	(38)	$	2,426	$	(2,725)	$	(1,086)	$	10	$	(1,413)

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

Other comprehensive income (loss) reclassification adjustments

		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
December 31, 2016
Unrealized change arising during period	$	(222)	$	1,769	$	93	$	(344)	$	-	$	1,296
Less: Reclassification adjustments
included in net income		123		1,228		-		(171)		-		1,180
Total other comprehensive income (loss),
before income tax benefit		(345)		541		93		(173)		-		116
Less: Income tax benefit		(75)		(298)		(157)		(47)		-		(577)
Total other comprehensive income (loss),
net of income tax benefit	$	(270)	$	839	$	250	$	(126)	$	-	$	693
December 31, 2017
Unrealized change arising during period	$	467	$	2,052	$	547	$	24	$	-	$	3,090
Less: Reclassification adjustments
included in net income		50		768		-		(95)		-		723
Total other comprehensive income,
before income tax expense		417		1,284		547		119		-		2,367
Less: Income tax expense (benefit)		50		(4)		8		78		-		132
Total other comprehensive income,
net of income tax expense (benefit)	$	367	$	1,288	$	539	$	41	$	-	$	2,235
December 31, 2018
Unrealized change arising during period	$	(1,372)	$	(5,811)	$	(314)	$	(61)	$	3	$	(7,555)
Less: Reclassification adjustments
included in net income		5		(134)		-		(34)		-		(163)
Total other comprehensive income (loss),
before income tax benefit		(1,377)		(5,677)		(314)		(27)		3		(7,392)
Less: Income tax expense (benefit)		(377)		(702)		35		(55)		-		(1,099)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(1,000)	$	(4,975)	$	(349)	$	28	$	3	$	(6,293)

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
Years Ended December 31,	Comprehensive Income						Affected Line Item in the
(in millions)	2018			2017		2016	Consolidated Statements of Income
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments	$	5	$	50	$	123	Other realized capital gains
Total		5		50		123
Unrealized appreciation (depreciation) of all other investments
Investments		(134)		463		935	Other realized capital gains
Deferred acquisition costs adjustment		-		305		293	Amortization of deferred policy acquisition costs
Future policy benefits		-		-		-	Policyholder benefits and losses incurred
Total		(134)		768		1,228
Change in retirement plan liabilities adjustment
Prior-service credit		1		5		15	*
Actuarial losses		(35)		(100)		(186)	*
Total		(34)		(95)		(171)
Total reclassifications for the year	$	(163)	$	723	$	1,180

* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 21 to the Consolidated Financial Statements.