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INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Tables)
 12 Months Ended
Dec. 31, 2018
Schedule II Condensed Financial Information of Registrant - Parent Company Only  
Condensed Consolidating Balance Sheets
American
InternationalValidus Reclassifications
Group, Inc.Holdings, OtherandConsolidated
(in millions)(As Guarantor)Ltd.AIGLHSubsidiariesEliminationsAIG
December 31, 2018
Assets:
Short-term investments(a)$1,141$2$-$10,329$(1,798)$9,674
Other investments(b)3,377--301,158-304,535
Total investments4,5182-311,487(1,798)314,209
Cash2992,853-2,873
Loans to subsidiaries(c)34,963--615(35,578)-
Investment in consolidated subsidiaries(c)33,3004,02926,321-(63,650)-
Other assets, including deferred income taxes(d)15,3891,798124159,430(1,839)174,902
Total assets$88,172$5,838$26,454$474,385$(102,865)$491,984
Liabilities:
Insurance liabilities$-$-$-$293,652$-$293,652
Long-term debt22,42235964311,116-34,540
Other liabilities, including intercompany balances(b)8,774228144100,974(3,637)106,483
Loans from subsidiaries(c)615--34,963(35,578)-
Total liabilities31,811587787440,705(39,215)434,675
Total AIG shareholders’ equity56,3615,25125,66732,732(63,650)56,361
Non-redeemable noncontrolling interests---948-948
Total equity56,3615,25125,66733,680(63,650)57,309
Total liabilities and equity$88,172$5,838$26,454$474,385$(102,865)$491,984
December 31, 2017
Assets:
Short-term investments(a)$2,541$-$-$11,559$(3,714)$10,386
Other investments(b)6,004--305,902-311,906
Total investments8,545--317,461(3,714)322,292
Cash3-202,339-2,362
Loans to subsidiaries(c)35,004--517(35,521)-
Investment in consolidated subsidiaries(c)40,135-30,359-(70,494)-
Other assets, including deferred income taxes(d)16,016-170159,594(2,133)173,647
Total assets$99,703$-$30,549$479,911$(111,862)$498,301
Liabilities:
Insurance liabilities$-$-$-$282,105$-$282,105
Long-term debt21,557-6429,441-31,640
Other liabilities, including intercompany balances(b)12,458-143112,275(6,028)118,848
Loans from subsidiaries(c)517--35,004(35,521)-
Total liabilities34,532-785438,825(41,549)432,593
Total AIG shareholders’ equity65,171-29,76440,549(70,313)65,171
Non-redeemable noncontrolling interests---537-537
Total equity65,171-29,76441,086(70,313)65,708
Total liabilities and equity$99,703$-$30,549$479,911$(111,862)$498,301

(a) At December 31, 2018, includes restricted cash of $124 million and $18 million for American International Group, Inc. (As Guarantor) and Other Subsidiaries, respectively. At December 31, 2017, includes restricted cash of $4 million and $54 million for American International Group, Inc. (As Guarantor) and Other Subsidiaries, respectively.

(b) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment.

(c) Eliminated in consolidation.

(d) At December 31, 2018, includes restricted cash of $1 million and $342 million for American International Group, Inc. (As Guarantor) and Other Subsidiaries, respectively. At December 31, 2017, includes restricted cash of $1 million and $316 million for American International Group, Inc. (As Guarantor) and Other Subsidiaries, respectively.

Condensed Consolidating Statements of Income (Loss)
American
InternationalValidus Reclassifications
Group, Inc.Holdings, OtherandConsolidated
(in millions)(As Guarantor)Ltd.AIGLHSubsidiariesEliminationsAIG
Year Ended December 31, 2018
Revenues:
Equity in earnings of consolidated subsidiaries*$(580)$(240)$2,847$-$(2,027)$-
Other income93823146,506(79)47,389
Total revenues358(217)2,84846,506(2,106)47,389
Expenses:
Interest expense9541850302(15)1,309
Loss on extinguishment of debt---7-7
Other expenses80327345,048(65)45,816
Total expenses1,757455345,357(80)47,132
Income (loss) from continuing operations before income tax
expense (benefit)(1,399)(262)2,7951,149(2,026)257
Income tax expense (benefit)(1,433)-391,548-154
Income (loss) from continuing operations34(262)2,756(399)(2,026)103
Loss from discontinued operations, net
of income taxes(40)--(2)-(42)
Net income (loss)(6)(262)2,756(401)(2,026)61
Less:
Net income from continuing operations
attributable to noncontrolling interests---67-67
Net income (loss) attributable to AIG$(6)$(262)$2,756$(468)$(2,026)$(6)
Year Ended December 31, 2017
Revenues:
Equity in earnings of consolidated subsidiaries*$(149)$-$1,978$-$(1,829)$-
Other income891--48,802(173)49,520
Total revenues742-1,97848,802(2,002)49,520
Expenses:
Interest expense949-50176(7)1,168
(Gain) loss on extinguishment of debt2--(7)-(5)
Other expenses952-246,116(179)46,891
Total expenses1,903-5246,285(186)48,054
Income (loss) from continuing operations before income tax
expense (benefit)(1,161)-1,9262,517(1,816)1,466
Income tax expense (benefit)4,922-(3)2,607-7,526
Income (loss) from continuing operations(6,083)-1,929(90)(1,816)(6,060)
Income (loss) from discontinued operations, net
of income taxes(1)--5-4
Net income (loss)(6,084)-1,929(85)(1,816)(6,056)
Less:
Net income (loss) from continuing operations
attributable to noncontrolling interests---28-28
Net income (loss) attributable to AIG$(6,084)$-$1,929$(113)$(1,816)$(6,084)

American
InternationalValidus Reclassifications
Group, Inc.Holdings, OtherandConsolidated
(in millions)(As Guarantor)Ltd.AIGLHSubsidiariesEliminationsAIG
Year Ended December 31, 2016
Revenues:
Equity in earnings of consolidated subsidiaries*$(1,269)$-$(197)$-$1,466$-
Other income516-552,875(1,029)52,367
Total revenues(753)-(192)52,87543752,367
Expenses:
Interest expense988-51227(6)1,260
(Gain) loss on extinguishment of debt77--(3)-74
Other expenses295-1651,819(1,023)51,107
Total expenses1,360-6752,043(1,029)52,441
Income (loss) from continuing operations before income tax
expense (benefit)(2,113)-(259)8321,466(74)
Income tax expense (benefit)(1,301)-(21)1,507-185
Income (loss) from continuing operations(812)-(238)(675)1,466(259)
Loss from discontinued operations, net
of income taxes(37)--(53)-(90)
Net income (loss)(849)-(238)(728)1,466(349)
Less:
Net income from continuing operations
attributable to noncontrolling interests---500-500
Net income (loss) attributable to AIG$(849)$-$(238)$(1,228)$1,466$(849)

* Eliminated in consolidation.
Condensed Consolidating Statements of Comprehensive Income (Loss)
American
InternationalValidusReclassifications
Group, Inc.Holdings,OtherandConsolidated
(in millions)(As Guarantor)Ltd.AIGLHSubsidiariesEliminationsAIG
Year Ended December 31, 2018
Net income (loss)$(6)$(262)$2,756$(401)$(2,026)$61
Other comprehensive income (loss)(6,302)-2,50812,298(14,797)(6,293)
Comprehensive income (loss)(6,308)(262)5,26411,897(16,823)(6,232)
Total comprehensive income attributable to
noncontrolling interests---76-76
Comprehensive income (loss) attributable to AIG$(6,308)$(262)$5,264$11,821$(16,823)$(6,308)
Year Ended December 31, 2017
Net income (loss)$(6,084)$-$1,929$(85)$(1,816)$(6,056)
Other comprehensive income (loss)2,235-7,85117,857(25,708)2,235
Comprehensive income (loss)(3,849)-9,78017,772(27,524)(3,821)
Total comprehensive income attributable to
noncontrolling interests---28-28
Comprehensive income (loss) attributable to AIG$(3,849)$-$9,780$17,744$(27,524)$(3,849)
Year Ended December 31, 2016
Net income (loss)$(849)$-$(238)$(728)$1,466$(349)
Other comprehensive income (loss)693-4,08052,153(56,233)693
Comprehensive income (loss)(156)-3,84251,425(54,767)344
Total comprehensive income attributable to
noncontrolling interests---500-500
Comprehensive income (loss) attributable to AIG$(156)$-$3,842$50,925$(54,767)$(156)
Condensed Consolidating Statements of Cash Flows
American
InternationalValidus Reclassifications
Group, Inc.Holdings, Other andConsolidated
(in millions)(As Guarantor)Ltd.AIGLHSubsidiariesEliminationsAIG
Year Ended December 31, 2018
Net cash (used in) provided by operating activities$1,256$656$2,445$1,651$(5,947)$61
Cash flows from investing activities:
Sales of investments5,58713-59,918(3,206)62,312
Sales of divested businesses, net---10-10
Purchase of investments(1,980)--(59,778)3,206(58,552)
Loans to subsidiaries – net868--(90)(778)-
Contributions from (to) subsidiaries - net1---(1)-
Acquisition of businesses, net of cash and
restricted cash acquired(5,475)112-(354)-(5,717)
Net change in short-term investments1,533--(9)-1,524
Other, net(73)--273-200
Net cash (used in) provided by investing activities461125-(30)(779)(223)
Cash flows from financing activities:
Issuance of long-term debt2,470--2,264-4,734
Repayments of long-term debt(1,493)(350)-(1,829)-(3,672)
Purchase of common stock(1,739)----(1,739)
Intercompany loans - net90--(868)778-
Cash dividends paid (1,138)(6)(2,456)(3,485)5,947(1,138)
Other, net212(416)-2,81212,609
Net cash (used in) provided by financing activities(1,598)(772)(2,456)(1,106)6,726794
Effect of exchange rate changes on cash and
restricted cash---(11)-(11)
Change in cash and restricted cash1199(11)504-621
Cash and restricted cash at beginning of year8-202,709-2,737
Cash and restricted cash at end of year$127$9$9$3,213$-$3,358
Year Ended December 31, 2017
Net cash (used in) provided by operating activities$36$-$1,413$(6,659)$(2,608)$(7,818)
Cash flows from investing activities:
Sales of investments5,821--74,477(3,758)76,540
Sales of divested businesses, net40--752-792
Purchase of investments(2,465)--(64,539)3,758(63,246)
Loans to subsidiaries – net199--63(262)-
Contributions from (to) subsidiaries - net2,446---(2,446)-
Net change in short-term investments1,994--104-2,098
Other, net(183)-(5)(1,955)-(2,143)
Net cash (used in) provided by investing activities7,852-(5)8,902(2,708)14,041
Cash flows from financing activities:
Issuance of long-term debt1,505--1,851-3,356
Repayments of long-term debt(1,724)--(1,974)-(3,698)
Purchase of common stock(6,275)----(6,275)
Intercompany loans - net(63)--(199)262-
Cash dividends paid(1,172)-(1,422)(1,186)2,608(1,172)
Other, net(154)--(200)2,4462,092
Net cash (used in) provided by financing activities(7,883)-(1,422)(1,708)5,316(5,697)
Effect of exchange rate changes on cash and
restricted cash---(29)-(29)
Change in cash and restricted cash5-(14)506-497
Cash and restricted cash at beginning of year3-342,070-2,107
Change in cash of businesses held for sale---133-133
Cash and restricted cash at end of year$8$-$20$2,709$-$2,737

American
InternationalValidus Reclassifications
Group, Inc.Holdings, Other andConsolidated
(in millions)(As Guarantor)Ltd.AIGLHSubsidiariesEliminationsAIG
Year Ended December 31, 2016
Net cash (used in) provided by operating activities$2,112$-$1,707$3,634$(3,951)$3,502
Cash flows from investing activities:
Sales of investments5,769--80,453(11,685)74,537
Sales of divested businesses, net2,160--649-2,809
Purchase of investments(1,002)--(80,668)11,685(69,985)
Loans to subsidiaries – net1,525--(3)(1,522)-
Contributions from (to) subsidiaries - net1,637---(1,637)-
Net change in short-term investments(1,170)--(1,919)-(3,089)
Other, net(141)--(879)-(1,020)
Net cash (used in) provided by investing activities8,778--(2,367)(3,159)3,252
Cash flows from financing activities:
Issuance of long-term debt3,831--2,123-5,954
Repayments of long-term debt(1,996)-(63)(2,023)-(4,082)
Purchase of common stock(11,460)----(11,460)
Intercompany loans - net3-(3)(1,522)1,522-
Cash dividends paid(1,372)-(1,723)(2,228)3,951(1,372)
Other, net(309)--2,7991,6374,127
Net cash (used in) provided by financing activities(11,303)-(1,789)(851)7,110(6,833)
Effect of exchange rate changes on cash and
restricted cash---55-55
Change in cash and restricted cash(413)-(82)471-(24)
Cash and restricted cash at beginning of year416-1161,706-2,238
Change in cash of businesses held for sale---(107)-(107)
Cash and restricted cash at end of year$3$-$34$2,070$-$2,107
Supplementary Disclosure of Condensed Consolidating Cash Flow Information
American
InternationalValidusReclassifications
Group, Inc.Holdings,OtherandConsolidated
(in millions)(As Guarantor)Ltd.AIGLHSubsidiariesEliminationsAIG
Year Ended December 31, 2018
Cash$2$9$9$2,853$-$2,873
Restricted cash included in Short-term investments124--18-142
Restricted cash included in Other assets1--342-343
Total cash and restricted cash shown in the Condensed
Consolidating Statements of Cash Flows$127$9$9$3,213$-$3,358
Cash (paid) received during the year ended
December 31, 2018 for:
Interest:
Third party$(914)$(17)$(48)$(333)$-$(1,312)
Intercompany1-(1)---
Taxes:
Income tax authorities$(32)$-$-$(122)$-$(154)
Intercompany895--(895)--
Year Ended December 31, 2017
Cash$3$-$20$2,339$-$2,362
Restricted cash included in Short-term investments4--54-58
Restricted cash included in Other assets1--316-317
Total cash and restricted cash shown in the Condensed
Consolidating Statements of Cash Flows$8$-$20$2,709$-$2,737
Cash (paid) received during the year ended
December 31, 2017 for:
Interest:
Third party$(948)$-$(48)$(286)$-$(1,282)
Intercompany--(1)1--
Taxes:
Income tax authorities$(329)$-$-$(215)$-$(544)
Intercompany614--(614)--
Year Ended December 31, 2016
Cash$2$-$34$1,832$-$1,868
Restricted cash included in Short-term investments---46-46
Restricted cash included in Other assets1--192-193
Total cash and restricted cash shown in the Condensed
Consolidating Statements of Cash Flows$3$-$34$2,070$-$2,107
Cash (paid) received during the year ended
December 31, 2016 for:
Interest:
Third party$(975)$-$(52)$(304)$-$(1,331)
Intercompany2--(2)--
Taxes:
Income tax authorities$(15)$-$-$(478)$-$(493)
Intercompany479--(479)--
Supplementary disclosure of non-cash activities
Years Ended December 31,
(in millions)201820172016
Intercompany non-cash financing and investing activities:
Capital contributions$2,369$259$3,245
Dividends received in the form of securities7457355,234
Return of capital2,70626-
Fixed maturity securities received in exchange for equity securities--440
Non-cash financing/investing activities:
Non-cash consideration received from sale of United Guaranty--1,101