VARIABLE INTEREST ENTITIES (Tables)

9 Months Ended

Sep. 30, 2012

VARIABLE INTEREST ENTITIES

Schedule of Consolidated Variable Interest Entities

	VIE Assets(a)					VIE Liabilities
(in billions)	September 30, 2012			December 31, 2011		September 30, 2012		December 31, 2011
AIA/ALICO SPVs	$	0.6	(b)	$	14.2	$	0.1	$	0.1
Real estate and investment funds(c)		1.1			1.5		0.3		0.4
Structured investment vehicles		1.6			1.0		0.1		–
Affordable housing partnerships		2.3			2.5		.2		0.1
Other		3.3			3.6		1.0		2.0
Total	$	8.9		$	22.8	$	1.7	$	2.6

(a)     The assets of each VIE can be used only to settle specific obligations of that VIE.

(b)     Decrease primarily due to the retirement of the preferred interests held by the Department of the Treasury in the special purpose vehicle that held the proceeds of the initial public offering of AIA (such SPV, the AIA SPV and such preferred interests, the AIA SPV Preferred Interests). As a result, the AIA SPV no longer qualified as a VIE. Assets include $600 million of cash held in escrow pursuant to the terms of the American Life Insurance Company (ALICO) stock purchase agreement between AIG and MetLife, Inc. (MetLife). See Note 9 herein for further discussion of the escrow arrangement.

(c)     At both September 30, 2012 and December 31, 2011, off-balance sheet exposure with respect to real estate and investments funds was $0.1 billion.

Schedule of Unconsolidated Variable Interest Entities

			Maximum Exposure to Loss
(in billions)	Total VIE Assets		On-Balance Sheet		Off-Balance Sheet		Total
September 30, 2012
Real estate and investment funds	$	14.3	$	1.8	$	0.2	$	2.0
Affordable housing partnerships		0.5		0.5		–		0.5
Other		1.1		0.1		–		0.1
Total	$	15.9	$	2.4	$	0.2	$	2.6
December 31, 2011
Real estate and investment funds	$	18.3	$	2.1	$	0.3	$	2.4
Affordable housing partnerships		0.6		0.6		–		0.6
Maiden Lane II and III interests		27.1		7.0		–		7.0
Other		1.5		–		–		–
Total	$	47.5	$	9.7	$	0.3	$	10.0

Schedule of Assets And Liabilities of Variable Interest Entities by Balance Sheet Location

	Consolidated VIEs				Unconsolidated VIEs
(in billions)	September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011
Assets:
Available for sale securities	$	0.5	$	0.4	$	–	$	–
Trading securities		1.0		1.3		0.1		7.1
Mortgage and other loans receivable		0.5		0.5		–		–
Other invested assets*		4.3		17.2		2.3		2.6
Other asset accounts		2.6		3.4		–		–
Total	$	8.9	$	22.8	$	2.4	$	9.7
Liabilities:
Other long-term debt	$	0.9	$	1.7	$	–	$	–
Other liability accounts		0.8		0.9		–		–
Total	$	1.7	$	2.6	$	–	$	–

*         Decrease primarily due to the retirement of the AIA SPV Preferred Interests. See Note 1 herein for further discussion.