AMERICAN INTERNATIONAL GROUP INC | 2013 | FY | 3


   
(in millions)
  American
International
Group, Inc.
(As Guarantor)

  AIGLH
  Other
Subsidiaries

  Reclassifications
and
Eliminations

  Consolidated
AIG

 
   

Year Ended December 31, 2013

                               

Revenues:

                               

Equity in earnings of consolidated subsidiaries*

  $ 7,638   $ 4,075   $   $ (11,713 ) $  

Other income

    1,487     1     67,502     (312 )   68,678
   

Total revenues

    9,125     4,076     67,502     (12,025 )   68,678
   

Expenses:

                               

Interest expense

    1,938     126     233     (155 )   2,142  

Loss on extinguishment of debt

    580         71         651  

Other expenses

    1,520     75     55,081     (159 )   56,517
   

Total expenses

    4,038     201     55,385     (314 )   59,310
   

Income (loss) from continuing operations before income tax expense (benefit)

    5,087     3,875     12,117     (11,711 )   9,368  

Income tax expense (benefit)

    (4,012 )   (58 )   4,454     (24 )   360
   

Income (loss) from continuing operations

    9,099     3,933     7,663     (11,687 )   9,008  

Income (loss) from discontinued operations, net of income taxes

    (14 )       98         84
   

Net income (loss)

    9,085     3,933     7,761     (11,687 )   9,092  

Less:

                               

Total net income attributable to noncontrolling interests

            7         7
   

Net income (loss) attributable to AIG

  $ 9,085   $ 3,933   $ 7,754   $ (11,687 ) $ 9,085
   

Year Ended December 31, 2012

                               

Revenues:

                               

Equity in earnings of consolidated subsidiaries*

  $ 1,970   $ 2,315   $   $ (4,285 ) $  

Change in fair value of ML III

    2,287         601         2,888  

Other income

    1,911     49     66,556     (383 )   68,133
   

Total revenues

    6,168     2,364     67,157     (4,668 )   71,021
   

Expenses:

                               

Interest expense

    2,257     174     271     (383 )   2,319  

Loss on extinguishment of debt

    9         23         32  

Other expenses

    1,602         64,177         65,779
   

Total expenses

    3,868     174     64,471     (383 )   68,130
   

Income (loss) from continuing operations before income tax expense (benefit)

    2,300     2,190     2,686     (4,285 )   2,891  

Income tax expense (benefit)

    (1,137 )   (17 )   346         (808 )
   

Income (loss) from continuing operations

    3,437     2,207     2,340     (4,285 )   3,699  

Income from discontinued operations, net of income taxes

    1                 1
   

Net income (loss)

    3,438     2,207     2,340     (4,285 )   3,700  

Less:

                               

Net income from continuing operations attributable to noncontrolling interests:

                               

Nonvoting, callable, junior and senior preferred interests

                208     208  

Other

            54         54
   

Total net income attributable to noncontrolling interests

            54     208     262
   

Net income (loss) attributable to AIG

  $ 3,438   $ 2,207   $ 2,286   $ (4,493 ) $ 3,438
   

 

   
(in millions)
  American
International
Group, Inc.
(As Guarantor)

  AIGLH
  Other
Subsidiaries

  Reclassifications
and
Eliminations

  Consolidated
AIG

 
   

Year Ended December 31, 2011

                               

Revenues:

                               

Equity in earnings of consolidated subsidiaries*

  $ 6,260   $ 1,586   $   $ (7,846 ) $  

Change in fair value of ML III

    (723 )       77         (646 )

Other income

    1,088     189     65,663     (1,189 )   65,751
   

Total revenues

    6,625     1,775     65,740     (9,035 )   65,105
   

Expenses:

                               

Interest expense on FRBNY Credit Facility

    72             (2 )   70  

Other interest expense

    2,845     281     437     (1,189 )   2,374  

Loss on extinguishment of debt

    2,847         61         2,908  

Other expenses

    867         59,787         60,654
   

Total expenses

    6,631     281     60,285     (1,191 )   66,006
   

Income (loss) from continuing operations before income tax expense (benefit)

    (6 )   1,494     5,455     (7,844 )   (901 )

Income tax expense (benefit)

    (19,695 )   (103 )   34         (19,764 )
   

Income (loss) from continuing operations

    19,689     1,597     5,421     (7,844 )   18,863  

Income (loss) from discontinued operations, net of income taxes

    933         1,536     (2 )   2,467
   

Net income (loss)

    20,622     1,597     6,957     (7,846 )   21,330  

Less:

                               

Net income from continuing operations attributable to noncontrolling interests:

                               

Nonvoting, callable, junior and senior preferred interests

                634     634  

Other

            55         55
   

Total net income from continuing operations attributable to noncontrolling interests

            55     634     689  

Net Income from discontinued operations attributable to noncontrolling interests

            19         19
   

Total net income attributable to noncontrolling interests

            74     634     708
   

Net income (loss) attributable to AIG

  $ 20,622   $ 1,597   $ 6,883   $ (8,480 ) $ 20,622
   

*    Eliminated in consolidation.


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