STATUTORY FINANCIAL DATA AND RESTRICTIONS (Tables)

12 Months Ended

Dec. 31, 2018

STATUTORY FINANCIAL DATA AND RESTRICTIONS

Schedule of statutory capital and surplus and net income (loss) for AIG property casualty and AIG life and retirement operations in accordance with statutory accounting practices

(in millions)		2018		2017		2016
Years Ended December 31,
Statutory net income (loss)^(a)(b):
General Insurance companies:
Domestic	$	(1,138)	$	(978)	$	260
Foreign		(348)		(318)		(1,326)
Total General Insurance companies	$	(1,486)	$	(1,296)	$	(1,066)
Life and Retirement companies:
Domestic	$	673	$	1,066	$	2,252
Foreign		(596)		21		47
Total Life and Retirement companies	$	77	$	1,087	$	2,299
At December 31,
Statutory capital and surplus^(a)(b):
General Insurance companies:
Domestic	$	18,172	$	20,938
Foreign		16,447		11,721
Total General Insurance companies	$	34,619	$	32,659
Life and Retirement companies:
Domestic	$	9,477	$	12,149
Foreign		1,744		446
Total Life and Retirement companies	$	11,221	$	12,595
Aggregate minimum required statutory capital and surplus:
General Insurance companies:
Domestic	$	4,307	$	5,134
Foreign		9,065		6,301
Total General Insurance companies	$	13,372	$	11,435
Life and Retirement companies:
Domestic	$	3,197	$	3,146
Foreign		1,338		121
Total Life and Retirement companies	$	4,535	$	3,267

(a) Excludes discontinued operations and other divested businesses. Statutory capital and surplus and net income (loss) with respect to foreign operations are as of November 30.

(b) In aggregate, the 2017 General Insurance companies and Life and Retirement companies statutory net income increased by $207 million and the 2017 General Insurance companies and Life and Retirement companies statutory capital and surplus decreased by $273 million, compared to the amounts previously reported in our Annual Report on Form 10-K for the year ended December 31, 2017, due to finalization of statutory filings.

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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