STATUTORY FINANCIAL DATA AND RESTRICTIONS (Tables)

12 Months Ended

Dec. 31, 2013

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)	2013		2012		2011
Years Ended December 31,
Statutory net income(a)(b)(c):
Property Casualty	$	12,441	$	4,792		2,330
Life and Retirement		3,741		3,827		797
At December 31,
Statutory capital and surplus(a)(b):
Property Casualty	$	39,988	$	42,208
Life and Retirement		14,329		14,683
Aggregate minimum required statutory capital and surplus(b):
Domestic Property Casualty	$	5,425	$	5,800
Foreign Property Casualty		8,821		10,100
Life and Retirement		4,336		4,276

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

(b)  The 2013 amounts are subject to change based on final statutory filings. The 2012 Property Casualty statutory net income and statutory capital and surplus amounts increased by $937 million and $2.1 billion, respectively, compared to the amounts previously reported in our Annual Report on Form 10-K for the year ended December 31, 2012, due to finalization of statutory filings.

(c)  Property Casualty includes approximately $8.0 billion and $3.0 billion of recognized statutory gains related to legal entity simplification (restructuring) in 2013 and 2012, respectively. These recognized gains were largely offset by reductions in unrealized gains; therefore, there was no material impact to total surplus.