SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2019

SEGMENT INFORMATION

Schedule of continuing operations by operating segment

Three Months Ended September 30,	2019				2018
				Adjusted				Adjusted
		Total		Pre-tax		Total		Pre-tax
(in millions)		Revenues		Income (Loss)		Revenues		Income (Loss)
General Insurance
North America	$	3,878	$	435	$	4,129	$	(160)
International		3,537		72		3,853		(665)
Total General Insurance		7,415		507		7,982		(825)
Life and Retirement
Individual Retirement		1,416		387		1,335		393
Group Retirement		726		203		718		242
Life Insurance		1,037		(7)		809		16
Institutional Markets		654		63		284		62
Total Life and Retirement		3,833		646		3,146		713
Other Operations		211		(454)		135		(417)
Legacy Portfolio		751		93		814		84
AIG Consolidation and elimination		(153)		(46)		(42)		29
Total AIG Consolidated adjusted revenues and adjusted pre-tax income (loss)		12,057		746		12,035		(416)
Reconciling items from adjusted pre-tax income to pre-tax income (loss):
Changes in fair value of securities used to hedge guaranteed
living benefits		25		12		(5)		(14)
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains (losses)		-		(65)		-		76
Changes in the fair value of equity securities		(51)		(51)		-		-
Professional fees related to regulatory or accounting changes		-		(3)		-		-
Other income (expense) - net		16		-		(4)		-
Gain (loss) on extinguishment of debt		-		-		-		(1)
Net realized capital gains (losses)*		867		881		(540)		(524)
Income (loss) from divested businesses		-		(9)		-		2
Non-operating litigation reserves and settlements		-		(5)		-		(5)
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements		-		59		-		(605)
Net loss reserve discount benefit (charge)		-		(235)		-		86
Integration and transaction costs associated with acquired businesses		-		(3)		-		(91)
Restructuring and other costs		-		(67)		-		(35)
Revenues and Pre-tax income (loss)	$	12,914	$	1,260	$	11,486	$	(1,527)

Nine Months Ended September 30,	2019				2018
				Adjusted				Adjusted
		Total		Pre-Tax		Total		Pre-Tax
(in millions)		Revenues		Income (Loss)		Revenues		Income (Loss)
General Insurance
North America	$	12,001	$	2,087	$	10,895	$	567
International		10,743		668		11,758		(314)
Total General Insurance		22,744		2,755		22,653		253
Life and Retirement
Individual Retirement		4,233		1,483		4,062		1,354
Group Retirement		2,225		728		2,209		774
Life Insurance		3,264		195		2,962		243
Institutional Markets		2,143		213		838		196
Total Life and Retirement		11,865		2,619		10,071		2,567
Other Operations		625		(1,256)		454		(1,133)
Legacy Portfolio		2,197		324		2,431		363
AIG Consolidation and elimination		(460)		(172)		(214)		28
Total AIG Consolidated adjusted revenues and adjusted pre-tax income		36,971		4,270		35,395		2,078
Reconciling items from adjusted pre-tax income to pre-tax income:
Changes in fair value of securities used to hedge guaranteed
living benefits		214		183		(109)		(127)
Changes in benefit reserves and DAC, VOBA and SIA related to
net realized capital gains (losses)		-		(39)		-		46
Changes in the fair value of equity securities		6		6		-		-
Professional fees related to regulatory or accounting changes		-		(5)		-		-
Other income (expense) - net		27		-		(29)		-
Loss on extinguishment of debt		-		(13)		-		(10)
Net realized capital gains (losses)*		713		758		(430)		(388)
Income (loss) from divested businesses		-		(4)		-		35
Non-operating litigation reserves and settlements		-		(6)		2		(30)
(Unfavorable) favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements		-		211		-		(607)
Net loss reserve discount benefit (charge)		-		(920)		-		305
Integration and transaction costs associated with acquired businesses		-		(16)		-		(91)
Restructuring and other costs		-		(174)		-		(259)
Revenues and Pre-tax income	$	37,931	$	4,251	$	34,829	$	952

*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.