American International (AIG) 10-Q 4 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 30, 2014
Document and Entity Information	'	'
Entity Registrant Name	'AMERICAN INTERNATIONAL GROUP INC	'
Entity Central Index Key	'0000005272	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	1,426,883,895
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fixed maturity securities:	'	'
Bonds available for sale, at fair value (amortized cost: 2014 - $248,923; 2013 - $248,531)	$266,304	$258,274
Other bond securities, at fair value (See Note 6)	21,430	22,623
Equity securities:	'	'
Common and preferred stock available for sale, at fair value (cost: 2014 - $2,073; 2013 - $1,726)	4,048	3,656
Other common and preferred stock, at fair value (See Note 6)	724	834
Mortgage and other loans receivable, net of allowance (portion measured at fair value: 2014 - $6; 2013 - $0)	22,937	20,765
Other invested assets (portion measured at fair value: 2014 - $8,869; 2013 - $8,598)	33,645	28,659
Short-term investments (portion measured at fair value: 2014 - $4,310; 2013 - $6,313)	20,888	21,617
Total investments	369,976	356,428
Cash	1,827	2,241
Accrued investment income	2,846	2,905
Premiums and other receivables, net of allowance	14,077	12,939
Reinsurance assets, net of allowance	24,631	23,829
Deferred income taxes	19,912	21,925
Deferred policy acquisition costs	9,106	9,436
Derivative assets, at fair value	1,617	1,665
Other assets, including restricted cash of $1,206 in 2014 and $865 in 2013 (portion measured at fair value: 2014 - $0; 2013 - $418)	9,399	9,366
Separate account assets, at fair value	75,718	71,059
Assets held-for-sale	0	29,536
Total assets	529,109	541,329
Liabilities:	'	'
Liability for unpaid claims and claims adjustment expense	79,977	81,547
Unearned premiums	23,694	21,953
Future policy benefits for life and accident and health insurance contracts	42,536	40,653
Policyholder contract deposits (portion measured at fair value: 2014 - $898; 2013 - $384)	123,354	122,016
Other policyholder funds (portion measured at fair value: 2014 - $8; 2013 - $0)	4,809	5,083
Derivative liabilities, at fair value	2,416	2,511
Other liabilities (portion measured at fair value: 2014 - $569; 2013 - $933)	29,610	29,155
Long-term debt (portion measured at fair value: 2014 - $5,824; 2013 - $6,747)	38,414	41,693
Separate account liabilities	75,718	71,059
Liabilities held-for-sale	0	24,548
Total liabilities	420,528	440,218
Contingencies, commitments and guarantees (see Note 10)	'	'
Redeemable noncontrolling interests (see Note 12)	0	30
AIG shareholders' equity:	'	'
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2014 - 1,906,662,562 and 2013 - 1,906,645,689	4,766	4,766
Treasury stock, at cost; 2014 - 478,087,172; 2013 - 442,582,366 shares of common stock	-16,369	-14,520
Additional paid-in capital	80,967	80,899
Retained earnings	27,286	22,965
Accumulated other comprehensive income	11,511	6,360
Total AIG shareholders equity	108,161	100,470
Non-redeemable noncontrolling interests (including $100 associated with businesses held for sale in 2013)	420	611
Total equity	108,581	101,081
Total liabilities and equity	$529,109	$541,329

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical - assets and liabilities) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Assets:	'	'
Bonds available for sale, amortized cost	$248,923	$248,531
Common and preferred stocks available for sale, cost	2,073	1,726
Mortgage and other loans receivable, portion measured at fair value	6	0
Other invested assets, portion measured at fair value	8,869	8,598
Short-term investments, portion measured at fair value	4,310	6,313
Other assets, restriced cash	1,206	865
Other assets, portion measured at fair value	0	418
Liabilities:	'	'
Policyholder contract deposits, portion measured at fair value	898	384
Other Policyholder contract deposits, portion measured at fair value	8	0
Other liabilities, portion measured at fair value	569	933
Long-term debt, portion measured at fair value	$5,824	$6,747

CONDENSED_CONSOLIDATED_BALANCE2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical - equity) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, except Share data, unless otherwise specified
AIG shareholders' equity:	'	'
Common stock, par value (in dollars per share)	$2.50	$2.50
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common stock, shares issued	1,906,662,562	1,906,645,689
Treasury stock, shares of common stock	478,087,172	442,582,366
Non-redeemable noncontrolling interests, associated with businesses held for sale (in dollars)	$0	$100

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		6 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:	'	'	'	'
Premiums	$9,458	$9,200	$18,496	$18,572
Policy fees	701	623	1,393	1,238
Net investment income	3,884	3,844	8,080	8,008
Net realized capital gains (losses):	'	'	'	'
Total other-than-temporary impairments on available for sale securities	-32	-17	-82	-57
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss)	-16	-10	-20	-11
Net other-than-temporary impairments on available for sale securities recognized in net income (loss)	-48	-27	-102	-68
Other realized capital gains (losses)	149	1,618	-10	1,959
Total net realized capital gains (losses)	101	1,591	-112	1,891
Aircraft leasing revenue	489	1,111	1,602	2,185
Other income	1,472	2,057	2,758	3,494
Total revenues	16,105	18,426	32,217	35,388
Benefits, claims and expenses:	'	'	'	'
Policyholder benefits and claims incurred	6,771	8,090	13,568	14,818
Interest credited to policyholder account balances	963	972	1,918	1,989
Amortization of deferred acquisition costs	1,396	1,353	2,701	2,639
Other acquisition and insurance expenses	2,213	2,245	4,330	4,483
Interest expense	463	535	942	1,112
Aircraft leasing expenses	489	1,093	1,585	2,124
Loss on extinguishment of debt	34	38	272	378
Net (gain) loss on sale of divested businesses	-2,174	47	-2,178	47
Other expenses	1,470	888	2,326	1,758
Total benefits, claims and expenses	11,625	15,261	25,464	29,348
Income from continuing operations before income tax expense	4,480	3,165	6,753	6,040
Income tax expense	1,474	425	2,088	1,142
Income from continuing operations	3,006	2,740	4,665	4,898
Income (loss) from discontinued operations, net of income tax expense	30	18	-17	91
Net income	3,036	2,758	4,648	4,989
Less:	'	'	'	'
Net income (loss) from continuing operations attributable to noncontrolling interests	-37	27	-34	52
Net income attributable to AIG	$3,073	$2,731	$4,682	$4,937
Basic:	'	'	'	'
Income from continuing operations	$2.11	$1.84	$3.24	$3.28
Income (loss) from discontinued operations	$0.02	$0.01	($0.01)	$0.06
Net income attributable to AIG	$2.13	$1.85	$3.23	$3.34
Diluted:	'	'	'	'
Income from continuing operations	$2.08	$1.83	$3.20	$3.27
Income (loss) from discontinued operations	$0.02	$0.01	($0.01)	$0.06
Net income attributable to AIG	$2.10	$1.84	$3.19	$3.33
Weighted average shares outstanding:	'	'	'	'
Basic (in shares)	1,442,397,111	1,476,512,720	1,450,776,629	1,476,491,719
Diluted (in shares)	1,464,676,330	1,482,246,618	1,468,364,283	1,479,462,612
Dividend declared per common share (in dollars per share)	$0.13	'	$0.25	'

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'	'	'
Net income (loss)	$3,036	$2,758	$4,648	$4,989
Other comprehensive income (loss), net of tax	'	'	'	'
Change in unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken	26	-87	115	195
Change in unrealized appreciation (depreciation) of all other investments	2,355	-4,446	5,140	-5,234
Change in foreign currency translation adjustments	47	-305	-111	-578
Change in retirement plan liabilities adjustment	-2	17	7	61
Other comprehensive income (loss)	2,426	-4,821	5,151	-5,556
Comprehensive income (loss)	5,462	-2,063	9,799	-567
Comprehensive income (loss) attributable to noncontrolling interests	-37	6	-34	31
Comprehensive income (loss) attributable to AIG	$5,499	($2,069)	$9,833	($598)

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENT OF EQUITY (USD $)	Total	Total AIG Shareholders' Equity	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Non redeemable Non-controlling Interests
In Millions, unless otherwise specified
Balance at Dec. 31, 2012	$98,669	$98,002	$4,766	($13,924)	$80,410	$14,176	$12,574	$667
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'
Net income (loss) attributable to AIG or other noncontrolling interests	4,985	4,937	0	0	0	4,937	0	48
Other comprehensive income (loss)	-5,539	-5,535	0	0	0	0	-5,535	-4
Net decrease due to deconsolidation	1	'	'	'	'	'	'	1
Contributions from noncontrolling interests	13	0	0	0	0	0	0	13
Distributions to noncontrolling interests	-31	0	0	0	0	0	0	-31
Distributions to noncontrolling interests	57	59	0	1	58	0	0	-2
Balance at Jun. 30, 2013	98,155	97,463	4,766	-13,923	80,468	19,113	7,039	692
Balance at Dec. 31, 2013	101,081	100,470	4,766	-14,520	80,899	22,965	6,360	611
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'
Purchase of common stock	-1,849	-1,849	0	-1,849	0	0	0	0
Net income (loss) attributable to AIG or other noncontrolling interests	4,648	4,682	0	0	0	4,682	0	-34
Dividends	-361	-361	0	0	0	-361	0	0
Other comprehensive income (loss)	5,151	5,151	0	0	0	0	5,151	0
Net decrease due to deconsolidation	-127	0	0	0	0	0	0	-127
Contributions from noncontrolling interests	9	0	0	0	0	0	0	9
Distributions to noncontrolling interests	-37	0	0	0	0	0	0	-37
Distributions to noncontrolling interests	66	68	0	0	68	0	0	-2
Balance at Jun. 30, 2014	$108,581	$108,161	$4,766	($16,369)	$80,967	$27,286	$11,511	$420

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income (loss)	$4,648	$4,989
(Income) loss from discontinued operations	17	-91
Noncash revenues, expenses, gains and losses included in income (loss):	'	'
Net gains on sales of securities available for sale and other assets	-456	-1,665
Net (gain) loss on sale of divested businesses	-2,178	47
Net losses on extinguishment of debt	272	378
Unrealized (gains) losses in earnings - net	127	-1,173
Equity in income from equity method investments, net of dividends or distributions	-687	-792
Depreciation and other amortization	2,343	2,500
Impairments of assets	259	282
Changes in operating assets and liabilities:	'	'
Property casualty and life insurance reserves	981	775
Premiums and other receivables and payables - net	-782	-564
Reinsurance assets and funds held under reinsurance treaties	-815	-544
Capitalization of deferred policy acquisition costs	-3,019	-2,953
Current and deferred income taxes - net	1,605	933
Other, net	-674	-448
Total adjustments	-3,024	-3,224
Net cash provided by operating activities	1,641	1,674
Sales or distribution of:	'	'
Available for sale investments	12,191	19,164
Other securities	2,744	2,850
Other invested assets	1,925	3,121
Divested businesses, net	2,348	0
Maturities of fixed maturity securities available for sale	11,460	12,517
Principal payments received on and sales of mortgage and other loans receivable	1,646	1,623
Purchases of:	'	'
Available for sale investments	-22,186	-35,522
Other securities	-290	-1,763
Other invested assets	-2,236	-3,434
Mortgage and other loans receivable	-3,445	-2,143
Net change in restricted cash	-628	1,216
Net change in short-term investments	498	8,863
Other, net	-365	-421
Net cash provided by investing activities	3,662	6,071
Proceeds from (payments for)	'	'
Policyholder contract deposits	8,162	6,757
Policyholder contract withdrawals	-7,241	-8,066
Issuance of long-term debt	3,028	2,338
Repayments of long-term debt	-6,027	-8,319
Purchase of Common Stock	-1,849	0
Dividends paid	-361	'
Other, net	-1,514	235
Net cash used in financing activities	-5,802	-7,055
Effect of exchange rate changes on cash	-3	-70
Net increase (decrease) in cash	-502	620
Cash at beginning of year	2,241	1,151
Change in cash of businesses held-for-sale	88	-9
Cash at end of period	$1,827	$1,762

Supplementary_Disclosure_of_Co

Supplementary Disclosure of Condensed Consolidated Cash Flow Information (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash paid during the period for:	'	'
Interest	$1,727	$2,408
Taxes	482	209
Non-cash investing/financing activities:	'	'
Interest credited to policyholder contract deposits included in financing activities	1,937	1,980
Non-cash consideration received from sale of ILFC	$4,586	$0

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2014
BASIS OF PRESENTATION	'
BASIS OF PRESENTATION	'
	1. BASIS OF PRESENTATION
	American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG Common Stock, par value $2.50 per share (AIG Common Stock), is listed on the New York Stock Exchange (NYSE: AIG) and the Tokyo Stock Exchange. Unless the context indicates otherwise, the terms “AIG,” “we,” “us” or “our” mean American International Group, Inc. and its consolidated subsidiaries and the term “AIG Parent” means American International Group, Inc. and not any of its consolidated subsidiaries.
	These unaudited condensed consolidated financial statements do not include all disclosures that are normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States (GAAP) and should be read in conjunction with the audited consolidated financial statements and the related notes included in our Annual Report on Form 10-K for the year ended December 31, 2013 (2013 Annual Report). The condensed consolidated financial information as of December 31, 2013 included herein has been derived from audited consolidated financial statements in the 2013 Annual Report.
	Certain of our foreign subsidiaries included in the condensed consolidated financial statements report on different fiscal-period bases. The effect on our condensed consolidated financial condition and results of operations of all material events occurring at these subsidiaries through the date of each of the periods presented in these condensed consolidated financial statements has been recorded. In the opinion of management, these condensed consolidated financial statements contain normal recurring adjustments, including eliminations of material intercompany accounts and transactions, necessary for a fair statement of the results presented herein.
	Interim period operating results may not be indicative of the operating results for a full year. We evaluated the need to recognize or disclose events that occurred subsequent to June 30, 2014 and prior to the issuance of these condensed consolidated financial statements.
	Sale of ILFC
	On May 14, 2014, we completed the sale of 100 percent of the common stock of International Lease Finance Corporation (ILFC) to AerCap Ireland Limited, a wholly owned subsidiary of AerCap Holdings N.V. (AerCap), in exchange for total consideration of approximately $7.6 billion, including cash and 97.6 million newly issued AerCap common shares (the AerCap Transaction). The total value of the consideration was based in part on AerCap’s closing price per share of $47.01 on May 13, 2014. ILFC’s results of operations are reflected in Aircraft leasing revenue and Aircraft leasing expenses in the Condensed Consolidated Statements of Income through the date of the completion of the sale. ILFC’s assets and liabilities were classified as held-for-sale at December 31, 2013 in the Condensed Consolidated Balance Sheets. See Note 4 herein for further discussion.
	Use of Estimates
	The preparation of financial statements in accordance with GAAP requires the application of accounting policies that often involve a significant degree of judgment. Accounting policies that we believe are most dependent on the application of estimates and assumptions are considered our critical accounting estimates and are related to the determination of:
	income tax assets and liabilities, including recoverability of our net deferred tax asset and the predictability of future tax operating profitability of the character necessary to realize the net deferred tax asset;
	liability for unpaid claims and claims adjustment expense;
	reinsurance assets;
	valuation of future policy benefit liabilities and timing and extent of loss recognition;
	valuation of liabilities for guaranteed benefit features of variable annuity products;
	estimated gross profits to value deferred acquisition costs for investment-oriented products;
	impairment charges, including other-than-temporary impairments on available for sale securities, impairments on investments in life settlements and goodwill impairment;
	liability for legal contingencies; and
	fair value measurements of certain financial assets and liabilities.
	These accounting estimates require the use of assumptions about matters, some of which are highly uncertain at the time of estimation. To the extent actual experience differs from the assumptions used, our consolidated financial condition, results of operations and cash flows could be materially affected.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Accounting Standards Adopted During 2014
	Certain Obligations Resulting from Joint and Several Liability Arrangements
	In February 2013, the Financial Accounting Standards Board (FASB) issued an accounting standard that requires us to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date as the sum of (i) the amount we agreed to pay on the basis of our arrangement among our co-obligors and (ii) any additional amount we expect to pay on behalf of our co-obligors.
	We adopted the standard on its required effective date of January 1, 2014. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows.
	Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of an Investment within a Foreign Entity or of an Investment in a Foreign Entity
	In March 2013, the FASB issued an accounting standard addressing whether consolidation guidance or foreign currency guidance applies to the release of the cumulative translation adjustment into net income when a parent sells all or a part of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or net assets that are a business (other than a sale of in-substance real estate) within a foreign entity. The standard also resolves the diversity in practice for the cumulative translation adjustment treatment in business combinations achieved in stages involving foreign entities.
	Under the standard, the entire amount of the cumulative translation adjustment associated with the foreign entity should be released into earnings when there has been: (i) a sale of a subsidiary or group of net assets within a foreign entity and the sale represents a complete or substantially complete liquidation of the foreign entity in which the subsidiary or the net assets had resided; (ii) a loss of a controlling financial interest in an investment in a foreign entity; or (iii) a change in accounting method from applying the equity method to an investment in a foreign entity to consolidating the foreign entity.
	We adopted the standard on its required effective date of January 1, 2014 on a prospective basis. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows.
	Investment Company Guidance
	In June 2013, the FASB issued an accounting standard that amends the criteria a company must meet to qualify as an investment company, clarifies the measurement guidance, and requires new disclosures for investment companies. An entity that is regulated by the Securities and Exchange Commission under the Investment Company Act of 1940 (the 1940 Act) qualifies as an investment company. Entities that are not regulated under the 1940 Act must have certain fundamental characteristics and must consider other characteristics to determine whether they qualify as investment companies. An entity’s purpose and design must be considered when making the assessment.
	An entity that no longer meets the requirements to be an investment company as a result of this standard should present the change in its status as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. An entity that is an investment company should apply the standard prospectively as an adjustment to opening net assets as of the
	effective date. The adjustment to net assets represents both the difference between the fair value and the carrying amount of the entity’s investments and any amount previously recognized in Accumulated other comprehensive income.
	We adopted the standard on its required effective date of January 1, 2014 on a prospective basis. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows.
	Presentation of Unrecognized Tax Benefits
	In July 2013, the FASB issued an accounting standard that requires a liability related to unrecognized tax benefits to be presented as a reduction to the related deferred tax asset for a net operating loss carryforward or a tax credit carryforward. When the carryforwards are not available at the reporting date under the tax law of the applicable jurisdiction or the tax law of the applicable jurisdiction does not require, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit will be presented in the financial statements as a liability and will not be combined with the related deferred tax asset.
	We adopted the standard on its required effective date of January 1, 2014 on a prospective basis. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows.
	Future Application of Accounting Standards
	Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure
	In January 2014, the FASB issued an accounting standard that clarifies that a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, so that the loan is derecognized and the real estate property is recognized, when either (i) the creditor obtains legal title to the residential real estate property upon completion of a foreclosure or (ii) the borrower conveys all interest in the residential real estate property to the creditor to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement.
	The standard is effective for interim and annual reporting periods beginning after December 15, 2014. Early adoption is permitted. We plan to adopt the standard on its required effective date of January 1, 2015 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows.
	Reporting Discontinued Operations
	In April 2014, the FASB issued an accounting standard that changes the requirements for presenting a component or group of components of an entity as a discontinued operation and requires new disclosures. Under the standard, the disposal of a component or group of components of an entity should be reported as a discontinued operation if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. Disposals of equity method investments, or those reported as held-for-sale, will be eligible for presentation as a discontinued operation if they meet the new definition. The standard also requires entities to provide disclosures about a disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation.
	The standard is effective prospectively for all disposals of components (or classification of components as held-for-sale) of an entity that occur within interim and annual periods beginning on or after December 15, 2014. Early adoption is permitted, but only for disposals (or classifications of components as held-for-sale) that have not been reported in financial statements previously issued. We plan to adopt the standard on its required effective date of January 1, 2015 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows.
	Revenue Recognition
	In May 2014, the FASB issued an accounting standard that supersedes most existing revenue recognition guidance. The new standard excludes from its scope the accounting for insurance contracts, leases, financial instruments, and other agreements that are governed under other GAAP guidance, but affects the revenue recognition for certain of our other activities.
	The standard is effective for interim and annual reporting periods beginning after December 15, 2016 and must be applied retrospectively or through a cumulative effect adjustment to retained earnings recognized at the date of adoption. Early adoption is not permitted. We plan to adopt the standard on its required effective date of January 1, 2017 and are assessing the impact of the standard on our consolidated financial condition, results of operations and cash flows.
	Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures
	In June 2014, the FASB issued an accounting standard that changes the accounting for repurchase-to-maturity transactions and repurchase financing arrangements. It also requires additional disclosures about repurchase agreements and other similar transactions. The new standard aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements such that they all will be accounted for as secured borrowings. The standard eliminates sale accounting for repurchase-to-maturity transactions and supersedes the standard under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement.
	The amendments are effective for interim and annual reporting periods beginning after December 15, 2014. Earlier adoption is not permitted. We plan to adopt the standard on its required effective date of January 1, 2015 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows.
	Accounting for Share-Based Payments with Performance Targets
	In June 2014, the FASB issued an accounting standard that clarifies the accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The standard requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition.
	The amendments are effective for interim and annual reporting periods beginning after December 15, 2015. Earlier adoption is permitted. The standard may be applied prospectively to all awards granted or modified after the effective date; or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. We plan to adopt the standard on its required effective date of January 1, 2016. We do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows.

SEGMENT_INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2014
SEGMENT INFORMATION	'
SEGMENT INFORMATION	'
	3. SEGMENT INFORMATION
	We report the results of our operations consistent with the manner in which our chief operating decision makers review the business to assess performance and to allocate resources through two reportable segments: AIG Property Casualty and AIG Life and Retirement. We evaluate performance based on revenues and pre-tax income (loss), excluding results from discontinued operations, because we believe this provides more meaningful information on how our operations are performing.
	The following tables present our operations by reportable segment:
			2014				2013
	Three Months Ended June 30,				Pre-tax Income (Loss)				Pre-tax Income (Loss)
	(in millions)		Total Revenues		from continuing operations		Total Revenues		from continuing operations
	AIG Property Casualty
	Commercial Insurance	$	5,889	$	863	$	5,696	$	535
	Consumer Insurance		3,342		157		3,347		91
	Other		719		470		758		579
	Total AIG Property Casualty		9,950		1,490		9,801		1,205
	AIG Life and Retirement
	Retail		2,972		738		3,439		1,177
	Institutional		1,598		511		2,609		542
	Total AIG Life and Retirement		4,570		1,249		6,048		1,719
	Other Operations
	Mortgage Guaranty		260		211		243		75
	Global Capital Markets		286		245		232		175
	Direct Investment book		365		272		815		720
	Corporate & Other		411		956		445		-738
	Aircraft Leasing		489		-		1,111		18
	Consolidation and elimination		-7		1		-10		1
	Total Other Operations		1,804		1,685		2,836		251
	AIG Consolidation and elimination		-219		56		-259		-10
	Total AIG Consolidated	$	16,105	$	4,480	$	18,426	$	3,165
			2014				2013
	Six Months Ended June 30,				Pre-tax Income (Loss)				Pre-tax Income (Loss)
	(in millions)		Total Revenues		from continuing operations		Total Revenues		from continuing operations
	AIG Property Casualty
	Commercial Insurance	$	11,531	$	1,576	$	11,469	$	1,576
	Consumer Insurance		6,600		184		6,853		244
	Other		1,485		1,039		1,447		999
	Total AIG Property Casualty		19,616		2,799		19,769		2,819
	AIG Life and Retirement
	Retail		5,738		1,403		6,442		2,173
	Institutional		3,183		1,078		4,346		1,116
	Total AIG Life and Retirement		8,921		2,481		10,788		3,289
	Other Operations
	Mortgage Guaranty		509		288		474		119
	Global Capital Markets		345		274		505		402
	Direct Investment book		830		627		1,226		1,032
	Corporate & Other		793		132		906		-1,746
	Aircraft Leasing		1,602		17		2,185		61
	Consolidation and elimination		-15		2		-19		2
	Total Other Operations		4,064		1,340		5,277		-130
	AIG Consolidation and elimination		-384		133		-446		62
	Total AIG Consolidated	$	32,217	$	6,753	$	35,388	$	6,040

HELDFORSALE_CLASSIFICATION_AND

HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS	6 Months Ended
	Jun. 30, 2014
HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS	'
HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS	'
	4. HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS
	Held-For-Sale Classification
	On May 14, 2014, we completed the sale of 100 percent of the common stock of ILFC to AerCap Ireland Limited, a wholly owned subsidiary of AerCap, in exchange for total consideration of approximately $7.6 billion, including cash and 97.6 million newly issued AerCap common shares, valued at approximately $4.6 billion based on AerCap’s closing price per share of $47.01 on May 13, 2014. Net cash proceeds to AIG were $2.4 billion after the settlement of intercompany loans, and AIG recorded pre-tax and after-tax gains of approximately $2.2 billion and $1.4 billion, respectively, for the three- and six-month periods ended June 30, 2014. In connection with the AerCap Transaction, we entered into a five-year credit agreement for a senior unsecured revolving credit facility between AerCap Ireland Capital Limited, as borrower, and AIG Parent as lender, (the Revolving Credit Facility). The Revolving Credit Facility provides for an aggregate commitment of $1.0 billion and permits loans for general corporate purposes after the closing of the AerCap Transaction. At June 30, 2014, no amounts were outstanding under the Revolving Credit Facility.
	As a result of the AerCap Transaction, we own approximately 46 percent of the outstanding common stock of AerCap. This common stock is subject to certain restrictions as to the amount and timing of potential sales as set forth in the Stockholders’ Agreement and Registration Rights Agreement between AIG and AerCap. We account for our interest in AerCap using the equity method of accounting. The difference between the carrying amount of our investment in AerCap common stock and our share of the underlying equity in the net assets of AerCap was approximately $1.4 billion at June 30, 2014. Approximately $0.4 billion of this difference was allocated to the assets and liabilities of AerCap based on their respective fair values and is being amortized into income over the estimated lives of the related assets and liabilities. The remainder was allocated to goodwill.
	ILFC’s results of operations are reflected in Aircraft leasing revenue and Aircraft leasing expenses in the Condensed Consolidated Statements of Income through the date of the completion of the sale. ILFC’s assets and liabilities were classified as held-for-sale at December 31, 2013 in the Condensed Consolidated Balance Sheets.
	The following table summarizes the components of ILFC assets and liabilities held-for-sale:
			December 31,
	(in millions)		2013
	Assets:
	Equity securities	$	3
	Mortgage and other loans receivable, net		229
	Flight equipment primarily under operating leases, net of accumulated depreciation		35,508
	Short-term investments		658
	Cash		88
	Premiums and other receivables, net of allowance		318
	Other assets		2,066
	Assets held-for-sale		38,870
	Less: Loss accrual		-9,334
	Total assets held-for-sale	$	29,536
	Liabilities:
	Other liabilities	$	3,127
	Long-term debt		21,421
	Total liabilities held-for-sale	$	24,548
	Discontinued Operations
	In connection with the 2010 sale of American Life Insurance Company (ALICO) to MetLife, Inc. (MetLife), we recognized the following income (loss) from discontinued operations:
		Three Months Ended				Six Months Ended
		June 30,				June 30,
	(in millions)		2014		2013		2014		2013
	Revenues:
	Gain on sale	$	52	$	28	$	51	$	145
	Income from discontinued operations, before income tax expense		52		28		51		145
	Income tax expense		22		10		68		54
	Income (loss) from discontinued operations, net of income tax	$	30	$	18	$	-17	$	91

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2014
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	5. FAIR VALUE MEASUREMENTS
	Fair Value Measurements on a Recurring Basis
	Assets and liabilities recorded at fair value in the Condensed Consolidated Balance Sheets are measured and classified in accordance with a fair value hierarchy consisting of three “levels” based on the observability of valuation inputs:
	Level 1: Fair value measurements based on quoted prices in active markets that we have the ability to access for identical assets or liabilities. Market price data generally is obtained from exchange or dealer markets. We do not adjust the quoted price for such instruments.
	Level 2: Fair value measurements based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals.
	Level 3: Fair value measurements based on valuation techniques that use significant inputs that are unobservable. Both observable and unobservable inputs may be used to determine the fair values of positions classified in Level 3. The circumstances for using these measurements include those in which there is little, if any, market activity for the asset or liability. Therefore, we must make certain assumptions about the inputs a hypothetical market participant would use to value that asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
	Assets and Liabilities Measured at Fair Value on a Recurring Basis
	The following table presents information about assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value measurement based on the observability of the inputs used:
	30-Jun-14							Counterparty		Cash
	(in millions)		Level 1		Level 2		Level 3		Netting(a)	Collateral			Total
	Assets:
	Bonds available for sale:
	U.S. government and government sponsored entities	$	24	$	2,801	$	-	$	-	$	-	$	2,825
	Obligations of states, municipalities and political subdivisions		-		27,731		1,991		-		-		29,722
	Non-U.S. governments		604		21,551		25		-		-		22,180
	Corporate debt		-		147,560		2,196		-		-		149,756
	RMBS		-		21,363		16,328		-		-		37,691
	CMBS		-		6,477		5,917		-		-		12,394
	CDO/ABS		-		4,305		7,431		-		-		11,736
	Total bonds available for sale		628		231,788		33,888		-		-		266,304
	Other bond securities:
	U.S. government and government sponsored entities		89		5,291		-		-		-		5,380
	Obligations of states, municipalities and political subdivisions		-		123		-		-		-		123
	Non-U.S. governments		-		2		-		-		-		2
	Corporate debt		-		1,055		-		-		-		1,055
	RMBS		-		1,216		1,062		-		-		2,278
	CMBS		-		553		757		-		-		1,310
	CDO/ABS		-		2,885		8,397		-		-		11,282
	Total other bond securities		89		11,125		10,216		-		-		21,430
	Equity securities available for sale:
	Common stock		3,253		2		-		-		-		3,255
	Preferred stock		-		28		-		-		-		28
	Mutual funds		763		2		-		-		-		765
	Total equity securities available for sale		4,016		32		-		-		-		4,048
	Other equity securities		653		71		-		-		-		724
	Mortgage and other loans receivable		-		-		6		-		-		6
	Other invested assets		25		3,020		5,824		-		-		8,869
	Derivative assets:
	Interest rate contracts(b)		16		2,890		23		-		-		2,929
	Foreign exchange contracts(b)		-		1,089		14		-		-		1,103
	Equity contracts		110		22		93		-		-		225
	Commodity contracts		-		-		1		-		-		1
	Credit contracts		-		-		41		-		-		41
	Other contracts		-		-		37		-		-		37
	Counterparty netting and cash collateral		-		-		-		-1,801		-918		-2,719
	Total derivative assets		126		4,001		209		-1,801		-918		1,617
	Short-term investments		595		3,715		-		-		-		4,310
	Separate account assets		72,986		2,732		-		-		-		75,718
	Other assets		-		-		-		-		-		-
	Total	$	79,118	$	256,484	$	50,143	$	-1,801	$	-918	$	383,026
	Liabilities:
	Policyholder contract deposits	$	-	$	56	$	842	$	-	$	-	$	898
	Other policyholder funds		-		8		-		-		-		8
	Derivative liabilities:
	Interest rate contracts(b)		-		2,589		90		-		-		2,679
	Foreign exchange contracts(b)		-		1,525		23		-		-		1,548
	Equity contracts		1		93		2		-		-		96
	Commodity contracts		-		4		-		-		-		4
	Credit contracts		-		-		1,126		-		-		1,126
	Other contracts		-		-		90		-		-		90
	Counterparty netting and cash collateral		-		-		-		-1,801		-1,326		-3,127
	Total derivative liabilities		1		4,211		1,331		-1,801		-1,326		2,416
	Long-term debt		-		5,430		394		-		-		5,824
Other liabilities		208		361		-		-		-		569
Total	$	209	$	10,066	$	2,567	$	-1,801	$	-1,326	$	9,715
31-Dec-13							Counterparty		Cash
(in millions)		Level 1		Level 2		Level 3		Netting(a)	Collateral			Total
Assets:
Bonds available for sale:
U.S. government and government sponsored entities	$	133	$	3,062	$	-	$	-	$	-	$	3,195
Obligations of states, municipalities and political subdivisions		-		28,300		1,080		-		-		29,380
Non-U.S. governments		508		21,985		16		-		-		22,509
Corporate debt		-		143,297		1,255		-		-		144,552
RMBS		-		21,207		14,941		-		-		36,148
CMBS		-		5,747		5,735		-		-		11,482
CDO/ABS		-		4,034		6,974		-		-		11,008
Total bonds available for sale		641		227,632		30,001		-		-		258,274
Other bond securities:
U.S. government and government sponsored entities		78		5,645		-		-		-		5,723
Obligations of states, municipalities and political subdivisions		-		121		-		-		-		121
Non-U.S. governments		-		2		-		-		-		2
Corporate debt		-		1,169		-		-		-		1,169
RMBS		-		1,326		937		-		-		2,263
CMBS		-		509		844		-		-		1,353
CDO/ABS		-		3,158		8,834		-		-		11,992
Total other bond securities		78		11,930		10,615		-		-		22,623
Equity securities available for sale:
Common stock		3,218		-		1		-		-		3,219
Preferred stock		-		27		-		-		-		27
Mutual funds		408		2		-		-		-		410
Total equity securities available for sale		3,626		29		1		-		-		3,656
Other equity securities		750		84		-		-		-		834
Mortgage and other loans receivable		-		-		-		-		-		-
Other invested assets		1		2,667		5,930		-		-		8,598
Derivative assets:
Interest rate contracts		14		3,716		41		-		-		3,771
Foreign exchange contracts		-		52		-		-		-		52
Equity contracts		151		106		49		-		-		306
Commodity contracts		-		-		1		-		-		1
Credit contracts		-		-		55		-		-		55
Other contracts		-		1		33		-		-		34
Counterparty netting and cash collateral		-		-		-		-1,734		-820		-2,554
Total derivative assets		165		3,875		179		-1,734		-820		1,665
Short-term investments		332		5,981		-		-		-		6,313
Separate account assets		67,708		3,351		-		-		-		71,059
Other assets		-		418		-		-		-		418
Total	$	73,301	$	255,967	$	46,726	$	-1,734	$	-820	$	373,440
Liabilities:
Policyholder contract deposits	$	-	$	72	$	312	$	-	$	-	$	384
Other policyholder funds		-		-		-		-		-		-
Derivative liabilities:
Interest rate contracts		-		3,661		141		-		-		3,802
Foreign exchange contracts		-		319		-		-		-		319
Equity contracts		-		101		-		-		-		101
Commodity contracts		-		5		-		-		-		5
Credit contracts		-		-		1,335		-		-		1,335
Other contracts		-		25		142		-		-		167
Counterparty netting and cash collateral		-		-		-		-1,734		-1,484		-3,218
Total derivative liabilities		-		4,111		1,618		-1,734		-1,484		2,511
Long-term debt		-		6,377		370		-		-		6,747
Other liabilities		42		891		-		-		-		933
Total	$	42	$	11,451	$	2,300	$	-1,734	$	-1,484	$	10,575
(a) Represents netting of derivative exposures covered by a qualifying master netting agreement.
(b) Effective April 1, 2014, we reclassified cross-currency swaps from Interest rate contracts to Foreign exchange contracts. This change was applied prospectively.
Transfers of Level 1 and Level 2 Assets and Liabilities
Our policy is to record transfers of assets and liabilities between Level 1 and Level 2 at their fair values as of the end of each reporting period, consistent with the date of the determination of fair value. Assets are transferred out of Level 1 when they are no longer transacted with sufficient frequency and volume in an active market. Conversely, assets are transferred from Level 2 to Level 1 when transaction volume and frequency are indicative of an active market. During the three- and six-month periods ended June 30, 2014, we transferred $236 million and $298 million, respectively, of securities issued by Non-U.S. government entities from Level 1 to Level 2, as they are no longer considered actively traded. For similar reasons, during the six-month period ended June 30, 2014, we transferred $103 million of securities issued by the U.S. government and government sponsored entities from Level 1 to Level 2. There were no material transfers during the three-month period ended June 30, 2014 of securities issued by the U.S. government and government sponsored entities from Level 1 to Level 2. We had no material transfers from Level 2 to Level 1 during the three- and six-month periods ended June 30, 2014.
During the three- and six-month periods ended June 30, 2013, we transferred $318 million and $557 million, respectively, of securities issued by Non-U.S. government entities from Level 1 to Level 2, as they are no longer considered actively traded. For similar reasons, during the six-month period ended June 30, 2013, we transferred $93 million of securities issued by the U.S. government and government sponsored entities from Level 1 to Level 2. We had no material transfers from Level 1 to Level 2 for U.S. government and government sponsored entities for the three-month period ended June 30, 2013. We had no material transfers from Level 2 to Level 1 during the three- and six-month periods ended June 30, 2013.
Changes in Level 3 Recurring Fair Value Measurements
The following tables present changes during the three- and six-month periods ended June 30, 2014 and 2013 in Level 3 assets and liabilities measured at fair value on a recurring basis, and the realized and unrealized gains (losses) related to the Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets at June 30, 2014 and 2013:
				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair Value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair Value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period(a)		in Income		Income (Loss)		Settlements, Net		in		out		of Period		at End of Period
Three Months Ended June 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	2,042	$	-	$	74	$	7	$	-	$	-132	$	1,991	$	-
Non-U.S. governments		17		-		-		4		4		-		25		-
Corporate debt		1,815		9		33		-71		707		-297		2,196		-
RMBS		15,764		251		127		67		119		-		16,328		-
CMBS		5,741		17		129		-7		69		-32		5,917		-
CDO/ABS		6,610		18		1		726		103		-27		7,431		-
Total bonds available for sale		31,989		295		364		726		1,002		-488		33,888		-
Other bond securities:
RMBS		1,069		23		-		-32		2		-		1,062		2
CMBS		770		21		-		-40		6		-		757		19
CDO/ABS		8,498		334		-		-436		1		-		8,397		122
Total other bond securities		10,337		378		-		-508		9		-		10,216		143
Equity securities available for sale:
Common stock		-		-		-		-		-		-		-		-
Preferred stock		-		-		-		-		-		-		-		-
Total equity securities available for sale		-		-		-		-		-		-		-		-
Mortgage and other loans receivable		-		-		-		6		-		-		6		-
Other invested assets		5,990		8		-5		-15		-		-154		5,824		-
Total	$	48,316	$	681	$	359	$	209	$	1,011	$	-642	$	49,934	$	143
Liabilities:
Policyholder contract deposits	$	-765	$	-58	$	-16	$	-3	$	-	$	-	$	-842	$	-37
Derivative liabilities, net:
Interest rate contracts		-98		8		-		23		-		-		-67		8
Foreign exchange contracts		-		3		-		-12		-		-		-9		3
Equity contracts		88		11		-		-8		-		-		91		11
Commodity contracts		1		-		-		-		-		-		1		-
Credit contracts		-1,185		75		-		25		-		-		-1,085		69
Other contracts		-109		18		48		-10		-		-		-53		16
Total derivative liabilities, net		-1,303		115		48		18		-		-		-1,122		107
Long-term debt(c)		-403		-5		-		14		-		-		-394		-4
Total	$	-2,471	$	52	$	32	$	29	$	-	$	-	$	-2,358	$	66
				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair Value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair Value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period(a)		in Income		Income (Loss)		Settlements, Net		in		out		of Period		at End of Period
Six Months Ended June 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions(b)	$	1,080	$	-	$	191	$	853	$	-	$	-133	$	1,991	$	-
Non-U.S. governments		16		-		-1		6		4		-		25		-
Corporate debt		1,255		6		53		-67		1,355		-406		2,196		-
RMBS		14,941		495		260		624		119		-111		16,328		-
CMBS		5,735		23		240		-57		69		-93		5,917		-
CDO/ABS		6,974		52		3		734		169		-501		7,431		-
Total bonds available for sale		30,001		576		746		2,093		1,716		-1,244		33,888		-
Other bond securities:
RMBS		937		51		-		72		2		-		1,062		17
CMBS		844		38		-		-131		6		-		757		32
CDO/ABS		8,834		669		-		-887		1		-220		8,397		286
Total other bond securities		10,615		758		-		-946		9		-220		10,216		335
Equity securities available for sale:
Common stock		1		-		-		-		-		-1		-		-
Preferred stock		-		-		-		-		-		-		-		-
Total equity securities available for sale		1		-		-		-		-		-1		-		-
Mortgage and other loans receivable		-		-		-		6		-		-		6		-
Other invested assets		5,930		87		49		34		85		-361		5,824		-
Total	$	46,547	$	1,421	$	795	$	1,187	$	1,810	$	-1,826	$	49,934	$	335
Liabilities:
Policyholder contract deposits	$	-312	$	-532	$	-24	$	26	$	-	$	-	$	-842	$	-120
Derivative liabilities, net:
Interest rate contracts		-100		2		-		32		-		-1		-67		4
Foreign exchange contracts		-		3		-		-12		-		-		-9		4
Equity contracts		49		8		-		-14		48		-		91		5
Commodity contracts		1		-		-		-		-		-		1		-
Credit contracts		-1,280		154		-		41		-		-		-1,085		164
Other contracts		-109		35		47		-26		-		-		-53		27
Total derivative liabilities, net		-1,439		202		47		21		48		-1		-1,122		204
Long-term debt(c)		-370		-8		-		33		-70		21		-394		5
Total	$	-2,121	$	-338	$	23	$	80	$	-22	$	20	$	-2,358	$	89
				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period(a)		in Income		Income (Loss)		Settlements, Net		In		Out		of Period		at End of Period
Three Months Ended June 30, 2013
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	1,019	$	24	$	-145	$	69	$	-	$	-22	$	945	$	-
Non-U.S. governments		18		-1		-		4		-		-1		20		-
Corporate debt		1,449		-		-20		8		256		-59		1,634		-
RMBS		12,096		204		-144		1,529		9		-		13,694		-
CMBS		5,315		-		-121		263		7		-9		5,455		-
CDO/ABS		5,577		72		-76		381		198		-10		6,142		-
Total bonds available for sale		25,474		299		-506		2,254		470		-101		27,890		-
Other bond securities:
RMBS		730		-12		-		64		-		-		782		-12
CMBS		776		-1		-		-41		93		-7		820		-16
CDO/ABS		8,842		569		-		-572		133		-		8,972		336
Total other bond securities		10,348		556		-		-549		226		-7		10,574		308
Equity securities available for sale:
Common stock		22		-9		6		57		-		-		76		-
Preferred stock		49		-		-1		-		-		-		48		-
Total equity securities available for sale		71		-9		5		57		-		-		124		-
Other invested assets		5,467		108		23		42		218		-219		5,639		-
Total	$	41,360	$	954	$	-478	$	1,804	$	914	$	-327	$	44,227	$	308
Liabilities:
Policyholder contract deposits	$	-1,047	$	410	$	-	$	51	$	-	$	-	$	-586	$	440
Derivative liabilities, net:
Interest rate contracts		756		3		-		20		-		-		779		7
Equity contracts		66		8		-		-6		2		-		70		5
Commodity contracts		1		-		-		-		-		-		1		-
Credit contracts		-1,775		138		-		43		-		-		-1,594		181
Other contracts		-139		13		8		13		-		-		-105		9
Total derivatives liabilities, net		-1,091		162		8		70		2		-		-849		202
Long-term debt(c)		-407		-15		-		3		-		-		-419		-13
Total	$	-2,545	$	557	$	8	$	124	$	2	$	-	$	-1,854	$	629
				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period(a)		in Income		Income (Loss)		Settlements, Net		In		Out		of Period		at End of Period
Six Months Ended June 30, 2013
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	1,024	$	25	$	-150	$	205	$	-	$	-159	$	945	$	-
Non-U.S. governments		14		-		-		6		1		-1		20		-
Corporate debt		1,487		-4		-14		30		332		-197		1,634		-
RMBS		11,662		408		339		1,266		19		-		13,694		-
CMBS		5,124		11		20		188		161		-49		5,455		-
CDO/ABS		4,841		97		-		1,020		379		-195		6,142		-
Total bonds available for sale		24,152		537		195		2,715		892		-601		27,890		-
Other bond securities:
RMBS		396		10		-		138		238		-		782		-40
CMBS		812		11		-		-140		251		-114		820		-42
CDO/ABS		8,536		853		-		-1,009		620		-28		8,972		217
Total other bond securities		9,744		874		-		-1,011		1,109		-142		10,574		135
Equity securities available for sale:
Common stock		24		-		5		47		-		-		76		-
Preferred stock		44		-		4		-		-		-		48		-
Total equity securities available for sale		68		-		9		47		-		-		124		-
Other invested assets		5,389		169		10		40		344		-313		5,639		-
Total	$	39,353	$	1,580	$	214	$	1,791	$	2,345	$	-1,056	$	44,227	$	135
Liabilities:
Policyholder contract deposits	$	-1,257	$	615	$	-	$	56	$	-	$	-	$	-586	$	664
Derivative liabilities, net:
Interest rate contracts		732		14		-		33		-		-		779		9
Equity contracts		47		36		-		-14		1		-		70		27
Commodity contracts		1		-		-		-1		-		1		1		1
Credit contracts		-1,991		313		-		84		-		-		-1,594		396
Other contracts		-162		21		8		30		-2		-		-105		23
Total derivatives liabilities, net		-1,373		384		8		132		-1		1		-849		456
Long-term debt(c)		-344		-95		-		22		-2		-		-419		-22
Total	$	-2,974	$	904	$	8	$	210	$	-3	$	1	$	-1,854	$	1,098
(a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only.
(b) Purchases, Sales, Issues and Settlements, Net primarily reflect the effect of consolidating previously unconsolidated securitization vehicles.
(c) Includes guaranteed investment agreements (GIAs), notes, bonds, loans and mortgages payable.
Net realized and unrealized gains and losses related to Level 3 items shown above are reported in the Condensed Consolidated Statements of Income as follows:
		Net		Net Realized
		Investment		Capital		Other
(in millions)		Income	Gains (Losses)			Income		Total
Three Months Ended June 30, 2014
Bonds available for sale	$	298	$	-15	$	12	$	295
Other bond securities		49		1		328		378
Equity securities available for sale		-		-		-		-
Other invested assets		12		-9		5		8
Policyholder contract deposits		-		-58		-		-58
Derivative liabilities, net		16		8		91		115
Long-term debt		-		-		-5		-5
Three Months Ended June 30, 2013
Bonds available for sale	$	239	$	6	$	54	$	299
Other bond securities		-5		-		561		556
Equity securities available for sale		-		-9		-		-9
Other invested assets		107		-22		23		108
Policyholder contract deposits		-		410		-		410
Derivative liabilities, net		15		-5		152		162
Long-term debt		-		-		-15		-15
Six Months Ended June 30, 2014
Bonds available for sale	$	602	$	-51	$	25	$	576
Other bond securities		100		2		656		758
Equity securities available for sale		-		-		-		-
Other invested assets		89		-13		11		87
Policyholder contract deposits		-		-532		-		-532
Derivative liabilities, net		31		5		166		202
Long-term debt		-		-		-8		-8
Six Months Ended June 30, 2013
Bonds available for sale	$	449	$	13	$	75	$	537
Other bond securities		28		-		846		874
Equity securities available for sale		-		-		-		-
Other invested assets		154		-28		43		169
Policyholder contract deposits		-		615		-		615
Derivative liabilities, net		15		17		352		384
Long-term debt		-		-		-95		-95
The following tables present the gross components of purchases, sales, issues and settlements, net, shown above, for the three- and six-months ended June 30, 2014 and 2013 related to Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets:
								Purchases,
								Sales, Issues and
(in millions)		Purchases		Sales		Settlements		Settlements, Net(a)
Three Months Ended June 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	48	$	-27	$	-14	$	7
Non-U.S. governments		5		-		-1		4
Corporate debt		63		-1		-133		-71
RMBS		665		-11		-587		67
CMBS		27		-		-34		-7
CDO/ABS		892		-2		-164		726
Total bonds available for sale		1,700		-41		-933		726
Other bond securities:
RMBS		21		-14		-39		-32
CMBS		-		-		-40		-40
CDO/ABS		23		-8		-451		-436
Total other bond securities		44		-22		-530		-508
Equity securities available for sale		-		-		-		-
Mortgage and other loans receivable		6		-		-		6
Other invested assets		137		-1		-151		-15
Total assets	$	1,887	$	-64	$	-1,614	$	209
Liabilities:
Policyholder contract deposits	$	-	$	-46	$	43	$	-3
Derivative liabilities, net		-		-		18		18
Long-term debt(c)		-		-		14		14
Total liabilities	$	-	$	-46	$	75	$	29
Three Months Ended June 30, 2013
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	150	$	-81	$	-	$	69
Non-U.S. governments		5		-		-1		4
Corporate debt		211		-114		-89		8
RMBS		2,110		-		-581		1,529
CMBS		320		-18		-39		263
CDO/ABS		673		-		-292		381
Total bonds available for sale		3,469		-213		-1,002		2,254
Other bond securities:
RMBS		108		-		-44		64
CMBS		-		-		-41		-41
CDO/ABS		129		-		-701		-572
Total other bond securities		237		-		-786		-549
Equity securities available for sale		58		-1		-		57
Other invested assets		205		-16		-147		42
Total assets	$	3,969	$	-230	$	-1,935	$	1,804
Liabilities:
Policyholder contract deposits	$	-	$	-6	$	57	$	51
Derivative liabilities, net		2		3		65		70
Long-term debt(c)		-		-		3		3
Total liabilities	$	2	$	-3	$	125	$	124
								Purchases,
								Sales, Issues and
(in millions)		Purchases		Sales		Settlements		Settlements, Net(a)
Six Months Ended June 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions(b)	$	936	$	-32	$	-51	$	853
Non-U.S. governments		7		-		-1		6
Corporate debt		119		-8		-178		-67
RMBS		1,752		-26		-1,102		624
CMBS		92		-57		-92		-57
CDO/ABS		1,222		-2		-486		734
Total bonds available for sale		4,128		-125		-1,910		2,093
Other bond securities:
RMBS		162		-19		-71		72
CMBS		-		-6		-125		-131
CDO/ABS		44		-15		-916		-887
Total other bond securities		206		-40		-1,112		-946
Equity securities available for sale		-		-		-		-
Mortgage and other loans receivable		6		-		-		6
Other invested assets		433		-1		-398		34
Total assets	$	4,773	$	-166	$	-3,420	$	1,187
Liabilities:
Policyholder contract deposits	$	-	$	-58	$	84	$	26
Derivative liabilities, net		1		-		20		21
Long-term debt(c)		-		-		33		33
Total liabilities	$	1	$	-58	$	137	$	80
Six Months Ended June 30, 2013
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	308	$	-103	$	-	$	205
Non-U.S. governments		8		-		-2		6
Corporate debt		308		-114		-164		30
RMBS		2,712		-231		-1,215		1,266
CMBS		693		-164		-341		188
CDO/ABS		1,471		-159		-292		1,020
Total bonds available for sale		5,500		-771		-2,014		2,715
Other bond securities:
RMBS		213		-		-75		138
CMBS		19		-58		-101		-140
CDO/ABS		318		-		-1,327		-1,009
Total other bond securities		550		-58		-1,503		-1,011
Equity securities available for sale		59		-11		-1		47
Other invested assets		448		-46		-362		40
Total assets	$	6,557	$	-886	$	-3,880	$	1,791
Liabilities:
Policyholder contract deposits	$	-	$	-12	$	68	$	56
Derivative liabilities, net		5		-1		128		132
Long-term debt(c)		-		-		22		22
Total liabilities	$	5	$	-13	$	218	$	210
(a) There were no issuances during the three- and six-month periods ended June 30, 2014 and 2013.
(b) Purchases primarily reflect the effect of consolidating previously unconsolidated securitization vehicles.
(c) Includes GIAs, notes, bonds, loans and mortgages payable.
Both observable and unobservable inputs may be used to determine the fair values of positions classified in Level 3 in the tables above. As a result, the unrealized gains (losses) on instruments held at June 30, 2014 and 2013 may include changes in fair value that were attributable to both observable (e.g., changes in market interest rates) and unobservable inputs (e.g., changes in unobservable long-dated volatilities).
Transfers of Level 3 Assets and Liabilities
We record transfers of assets and liabilities into or out of Level 3 at their fair values as of the end of each reporting period, consistent with the date of the determination of fair value. As a result, the Net realized and unrealized gains (losses) included in income or other comprehensive income as shown in the table above excludes $14 million and $37 million of net gains related to assets and liabilities transferred into Level 3 during the three- and six-month periods ended June 30, 2014, respectively, and includes $25 million and $2 million of net losses related to assets and liabilities transferred out of Level 3 during the three- and six-month periods ended June 30, 2014, respectively.
The Net realized and unrealized gains (losses) included in income or other comprehensive income as shown in the table above excludes $17 million of net gains and $55 million of net losses related to assets and liabilities transferred into Level 3 during the three- and six-month periods ended June 30, 2013, respectively, and includes $10 million and $12 million of net gains related to assets and liabilities transferred out of Level 3 during the three- and six-month periods ended June 30, 2013, respectively.
Transfers of Level 3 Assets
During the three- and six-month periods ended June 30, 2014 and 2013, transfers into Level 3 assets primarily included certain investments in private placement corporate debt, RMBS, CMBS, CDO/ABS, and investments in hedge funds. Transfers of investments in private placement corporate debt and certain ABS into Level 3 assets were primarily the result of limited market pricing information that required us to determine fair value for these securities based on inputs that are adjusted to better reflect our own assumptions regarding the characteristics of a specific security or associated market liquidity. The transfers of investments in RMBS, CMBS and CDO and certain ABS into Level 3 assets were due to decreases in market transparency and liquidity for individual security types. Certain investments in hedge funds were transferred into Level 3 due to these investments now being carried at fair value and no longer being accounted for using the equity method of accounting due to a change in percentage ownership, or as a result of limited market activity due to fund-imposed redemption restrictions.
During the three- and six-month periods ended June 30, 2014 and 2013, transfers out of Level 3 assets primarily related to certain investments in municipal securities, private placement and other corporate debt, RMBS, CMBS, CDO/ABS, and investments in hedge funds. Transfers of certain investments in municipal securities, corporate debt, RMBS, CMBS, and CDO/ABS out of Level 3 assets were based on consideration of market liquidity as well as related transparency of pricing and associated observable inputs for these investments. Transfers of certain investments in private placement corporate debt out of Level 3 assets were primarily the result of using observable pricing information that reflects the fair value of those securities without the need for adjustment based on our own assumptions regarding the characteristics of a specific security or the current liquidity in the market. The transfers of certain hedge fund investments out of Level 3 assets were primarily the result of easing of certain fund-imposed redemption restrictions.
Transfers of Level 3 Liabilities
There were no significant transfers of derivative or other liabilities into or out of Level 3 for the three- and six-month periods ended June 30, 2014 and 2013.
Quantitative Information About Level 3 Fair Value Measurements
The table below presents information about the significant unobservable inputs used for recurring fair value measurements for certain Level 3 instruments, and includes only those instruments for which information about the inputs is reasonably available to us, such as data from third-party valuation service providers and from internal valuation models. Because input information from third-parties with respect to certain Level 3 instruments (primarily CDO/ABS) may not be reasonably available to us, balances shown below may not equal total amounts reported for such Level 3 assets and liabilities:
		Fair Value  at
		June 30,		Valuation		Range
(in millions)		2014		Technique	Unobservable Input	(Weighted Average )
Assets:
Obligations of states,		$	1,099	Discounted cash flow	Yield(b)	4.14% - 4.90% (4.52%)
municipalities and
political subdivisions
Corporate debt			1,365	Discounted cash flow	Yield(b)	0.00% - 7.99% (5.69%)
RMBS			16,844	Discounted cash flow	Constant prepayment rate(a)(c)	0.20% - 9.91% (5.05%)
					Loss severity(a)(c)	44.22% - 79.45% (61.83%)
					Constant default rate(a)(c)	3.90% - 11.11% (7.50%)
					Yield(c)	2.51% - 6.61% (4.56%)
Certain CDO/ABS			5,364	Discounted cash flow	Constant prepayment rate(a)(c)	6.10% - 11.30% (9.00%)
					Loss severity(a)(c)	46.20% - 60.90% (54.00%)
					Constant default rate(a)(c)	2.80% - 15.30% (8.40%)
					Yield(c)	4.90% - 10.40% (8.40%)
CMBS			6,142	Discounted cash flow	Yield(b)	0.00% - 13.53% (4.52%)
CDO/ABS - Direct				Binomial Expansion	Recovery rate(b)	6.00% - 59.00% (24.00%)
Investment book			568	Technique (BET)	Diversity score(b)	6 - 30 (15.3)
					Weighted average life(b)	0.54 - 11.20 years (5.22 years)
Liabilities:
Policyholder contract
deposits			842	Discounted cash flow	Equity implied volatility(b)	6.00% - 39.00%
					Base lapse rate(b)	1.00% - 40.00%
					Dynamic lapse rate(b)	0.20% - 60.00%
					Mortality rate(b)	0.50% - 40.00%
					Utilization rate(b)	0.50% - 25.00%
Total derivative
liabilities, net			853	BET	Recovery rate(b)	6.00% - 32.00% (17.00%)
					Diversity score(b)	9 - 31 (14)
					Weighted average life(b)	3.82 - 11.20 years (6.16 years)
		Fair Value  at
		December 31,	Valuation		Range
(in millions)		2013	Technique	Unobservable Input	(Weighted Average )
Assets:
Obligations of states,	$	920	Discounted cash flow	Yield(b)	4.94% - 5.86% (5.40%)
municipalities and
political subdivisions
Corporate debt		788	Discounted cash flow	Yield(b)	0.00% - 14.29% (6.64%)
RMBS		14,419	Discounted cash flow	Constant prepayment rate(a)(c)	0.00% - 10.35% (4.97%)
				Loss severity(a)(c)	42.60% - 79.07% (60.84%)
				Constant default rate(a)(c)	3.98% - 12.22% (8.10%)
				Yield(c)	2.54% - 7.40% (4.97%)
Certain CDO/ABS		5,414	Discounted cash flow	Constant prepayment rate(a)(c)	5.20% - 10.80% (8.20%)
				Loss severity(a)(c)	48.60% - 63.40% (56.40%)
				Constant default rate(a)(c)	3.20% - 16.20% (9.00%)
				Yield(c)	5.20% - 11.50% (9.40%)
CMBS		5,847	Discounted cash flow	Yield(b)	0.00% - 14.69% (5.58%)
CDO/ABS - Direct			Binomial Expansion	Recovery rate(b)	6.00% - 63.00% (25.00%)
Investment book		557	Technique (BET)	Diversity score(b)	5 - 35 (12)
				Weighted average life(b)	1.07 - 9.47 years (4.86 years)
Liabilities:
Policyholder contract
deposits		312	Discounted cash flow	Equity implied volatility(b)	6.00% - 39.00%
				Base lapse rate(b)	1.00% - 40.00%
				Dynamic lapse rate(b)	0.20% - 60.00%
				Mortality rate(b)	0.50% - 40.00%
				Utilization rate(b)	0.50% - 25.00%
Total derivative
liabilities, net		996	BET	Recovery rate(b)	5.00% - 34.00% (17.00%)
				Diversity score(b)	9 - 32 (13)
				Weighted average life(b)	4.50 - 9.47 years (5.63 years)
(a) The unobservable inputs and ranges for the constant prepayment rate, loss severity and constant default rate relate to each of the individual underlying mortgage loans that comprise the entire portfolio of securities in the RMBS and CDO securitization vehicles and not necessarily to the securitization vehicle bonds (tranches) purchased by us. The ranges of these inputs do not directly correlate to changes in the fair values of the tranches purchased by us because there are other factors relevant to the fair values of specific tranches owned by us including, but not limited to, purchase price, position in the waterfall, senior versus subordinated position and attachment points.
(b) Represents discount rates, estimates and assumptions that we believe would be used by market participants when valuing these assets and liabilities.
(c) Information received from independent third-party valuation service providers.
The ranges of reported inputs for Corporate debt, RMBS, CDO/ABS, and CMBS valued using a discounted cash flow technique consist of plus/minus one standard deviation in either direction from the value-weighted average. The preceding table does not give effect to our risk management practices that might offset risks inherent in these investments.
Sensitivity to Changes in Unobservable Inputs
We consider unobservable inputs to be those for which market data is not available and that are developed using the best information available to us about the assumptions that market participants would use when pricing the asset or liability. Relevant inputs vary depending on the nature of the instrument being measured at fair value. The following is a general description of sensitivities of significant unobservable inputs along with interrelationships between and among the significant unobservable inputs and their impact on the fair value measurements. The effect of a change in a particular assumption in the sensitivity analysis below is considered independently of changes in any other assumptions. In practice, simultaneous changes in assumptions may not always have a linear effect on the inputs discussed below. Interrelationships may also exist between observable and unobservable inputs. Such relationships have not been included in the discussion below. For each of the individual relationships described below, the inverse relationship would also generally apply.
Obligations of States, Municipalities and Political Subdivisions
The significant unobservable input used in fair value measurement of certain investments in obligations of states, municipalities and political subdivisions is yield.  In general, increases in the yield would decrease the fair value of investments in obligations of states, municipalities and political subdivisions.
Corporate Debt
Corporate debt securities included in Level 3 are primarily private placement issuances that are not traded in active markets or that are subject to transfer restrictions. Fair value measurements consider illiquidity and non-transferability. When observable price quotations are not available, fair value is determined based on discounted cash flow models using discount rates based on credit spreads, yields or price levels of publicly-traded debt of the issuer or other comparable securities, considering illiquidity and structure. The significant unobservable input used in the fair value measurement of corporate debt is the yield. The yield is affected by the market movements in credit spreads and U.S. Treasury yields. In addition, the migration in credit quality of a given security generally has a corresponding effect on the fair value measurement of the security. For example, a downward migration of credit quality would increase spreads. Holding U.S. Treasury rates constant, an increase in corporate credit spreads would decrease the fair value of corporate debt.
RMBS and Certain CDO/ABS
The significant unobservable inputs used in fair value measurements of RMBS and certain CDO/ABS valued by third-party valuation service providers are constant prepayment rates (CPR), loss severity, constant default rates (CDR), and yield. A change in the assumptions used for the probability of default will generally be accompanied by a corresponding change in the assumption used for the loss severity and an inverse change in the assumption used for prepayment rates. In general, increases in CPR, loss severity, CDR, and yield, in isolation, would result in a decrease in the fair value measurement. Changes in fair value based on variations in assumptions generally cannot be extrapolated because the relationship between the directional change of each input is not usually linear.
CMBS
The significant unobservable input used in fair value measurements for CMBS is the yield. Prepayment assumptions for each mortgage pool are factored into the yield. CMBS generally feature a lower degree of prepayment risk than RMBS because commercial mortgages generally contain a penalty for prepayment. In general, increases in the yield would decrease the fair value of CMBS.
CDO/ABS – Direct Investment book
The significant unobservable inputs used for certain CDO/ABS securities valued using the BET are recovery rates, diversity score, and the weighted average life of the portfolio. An increase in recovery rates and diversity score will increase the fair value of the portfolio. An increase in the weighted average life will decrease the fair value.
Policyholder contract deposits
Embedded derivatives within Policyholder contract deposits relate to guaranteed minimum withdrawal benefits (GMWB) within variable annuity products and certain enhancements to interest crediting rates based on market indices within equity-indexed annuities and guaranteed investment contracts (GICs). GMWB represents our largest exposure of these embedded derivatives, although the carrying value of the liability fluctuates based on the performance of the equity markets and therefore, at a point in time, can be low relative to the exposure. The principal unobservable input used for GMWBs and embedded derivatives in equity-indexed annuities measured at fair value is equity implied volatility. For GMWBs, other significant unobservable inputs include base and dynamic lapse rates, mortality rates, and utilization rates. Lapse, mortality, and utilization rates may vary significantly depending upon age groups and duration. In general, increases in volatility and utilization rates will increase the fair value of the liability associated with GMWB, while increases in lapse rates and mortality rates will decrease the fair value of the liability. Significant unobservable inputs used in valuing embedded derivatives within GICs include long-term forward interest rates and foreign exchange rates. Generally, the embedded derivative liability for GICs will increase as interest rates decrease or if the U.S. dollar weakens compared to the euro.
Total derivative liabilities, net
The significant unobservable inputs used for derivative liabilities valued using the BET, which include certain credit contracts, are recovery rates, diversity scores, and the weighted average life of the portfolio. AIG non-performance risk is also considered in the measurement of the liability.
An increase in recovery rates and diversity score will decrease the fair value of the liability. An increase in the weighted average life will increase the fair value measurement of the liability.
Investments in Certain Entities Carried at Fair Value Using Net Asset Value Per Share
The following table includes information related to our investments in certain other invested assets, including private equity funds, hedge funds and other alternative investments that calculate net asset value per share (or its equivalent). For these investments, which are measured at fair value on a recurring basis, we use the net asset value per share as a practical expedient to measure fair value.
		30-Jun-14					31-Dec-13
			Fair Value Using Net Asset Value Per Share (or its equivalent)					Fair Value Using Net Asset Value Per Share (or its equivalent)
					Unfunded					Unfunded
(in millions)	Investment Category Includes				Commitments					Commitments
Investment Category
Private equity funds:
Leveraged buyout	Debt and/or equity investments made as part of a transaction in which assets of mature companies are acquired from the current shareholders, typically with the use of financial leverage	$	2,462	$	480		$	2,544	$	578
Real Estate / Infrastructure	Investments in real estate properties and infrastructure positions, including power plants and other energy generating facilities		396		266			346		86
Venture capital	Early-stage, high-potential, growth companies expected to generate a return through an eventual realization event, such as an initial public offering or sale of the company		141		10			140		13
Distressed	Securities of companies that are in default, under bankruptcy protection, or troubled		168		46			183		34
Other	Includes multi-strategy and mezzanine strategies		174		234			134		238
Total private equity funds			3,341		1,036			3,347		949
Hedge funds:
Event-driven	Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations		1,229		2			976		2
Long-short	Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk		1,962		4			1,759		11
Macro	Investments that take long and short positions in financial instruments based on a top-down view of certain economic and capital market conditions		479		-			612		-
Distressed	Securities of companies that are in default, under bankruptcy protection or troubled		645		22			594		15
Emerging markets	Investments in the financial markets of developing countries		302		-			287		-
Other	Includes multi-strategy and relative value strategies		169		-			157		-
Total hedge funds			4,786		28			4,385		28
Total		$	8,127	$	1,064		$	7,732	$	977
Private equity fund investments included above are not redeemable, as distributions from the funds will be received when underlying investments of the funds are liquidated. Private equity funds are generally expected to have 10-year lives at their inception, but these lives may be extended at the fund manager’s discretion, typically in one or two-year increments. At June 30, 2014, assuming average original expected lives of 10 years for the funds, 78 percent of the total fair value using net asset value per share (or its equivalent) presented above would have expected remaining lives of three years or less, 16 percent between four and six years and 6 percent between seven and 10 years.
The hedge fund investments included above are generally redeemable monthly (13 percent), quarterly (46 percent), semi-annually (16 percent) and annually (25 percent), with redemption notices ranging from one day to 180 days. At June 30, 2014, however, investments representing approximately 49 percent of the total fair value of the hedge fund investments cannot be redeemed, either in whole or in part, because the investments include various contractual restrictions. The majority of these contractual restrictions, which may have been put in place at the fund’s inception or thereafter, have pre-defined end dates and are generally expected to be lifted by the end of 2015. The fund investments for which redemption is restricted only in part generally relate to certain hedge funds that hold at least one investment that the fund manager deems to be illiquid.
Fair Value Option
The following table presents the gains and losses recorded related to the eligible instruments for which we elected the fair value option:
	Gain (Loss) Three Months Ended June 30,				Gain (Loss) Six Months Ended June 30,
(in millions)		2014		2013		2014		2013
Assets:
Mortgage and other loans receivable	$	-	$	1	$	-	$	2
Bond and equity securities		611		256		1,277		632
Alternative Investments(a)		18		122		172		206
Other, including Short-term investments		2		2		5		5
Liabilities:
Long-term debt(b)		-135		313		-209		322
Other liabilities		-2		-2		-6		-6
Total gain	$	494	$	692	$	1,239	$	1,161
(a) Includes hedge funds, private equity funds and other investment partnerships.
(b) Includes GIAs, notes, bonds, loans and mortgages payable.
We recognized losses of $11 million and $22 million during the three- and six-month periods ended June 30, 2014, respectively, and gains of $19 million and losses of $15 million during the three- and six-month periods ended June 30, 2013, respectively, attributable to the observable effect of changes in credit spreads on our own liabilities for which the fair value option was elected. We calculate the effect of these credit spread changes using discounted cash flow techniques that incorporate current market interest rates, our observable credit spreads on these liabilities and other factors that mitigate the risk of nonperformance such as cash collateral posted.
The following table presents the difference between fair values and the aggregate contractual principal amounts of mortgage and other loans receivable and long-term debt for which the fair value option was elected:
	30-Jun-14							31-Dec-13
			Outstanding							Outstanding
(in millions)	Fair Value		Principal Amount		Difference			Fair Value		Principal Amount		Difference
Assets:
Mortgage and other loans receivable	$	6	$	4	$	2		$	-	$	-	$	-
Liabilities:
Long-term debt*	$	5,824	$	4,393	$	1,431		$	6,747	$	5,231	$	1,516
* Includes GIAs, notes, bonds, loans and mortgages payable.
Fair Value Measurements on a Non-Recurring Basis
The following table presents assets measured at fair value on a non-recurring basis at the time of impairment and the related impairment charges recorded during the periods presented:
	Assets at Fair Value									Impairment Charges
	Non-Recurring Basis									Three Months Ended June 30,					Six Months Ended June 30,
(in millions)	Level 1		Level 2		Level 3			Total			2014		2013			2014		2013
30-Jun-14
Other investments	$	-	$	-	$	1,445	$	1,445		$	20	$	36		$	55	$	72
Investments in life settlements		-		-		399		399			45		35			87		78
Other assets		-		-		-		-			-		11			1		24
Total	$	-	$	-	$	1,844	$	1,844		$	65	$	82		$	143	$	174
31-Dec-13
Other investments	$	-	$	-	$	1,615	$	1,615
Investments in life settlements		-		-		896		896
Other assets		-		11		48		59
Total	$	-	$	11	$	2,559	$	2,570
Fair Value Information About Financial Instruments Not Measured at Fair Value
The following table presents the carrying value and estimated fair value of our financial instruments not measured at fair value and indicates the level in the fair value hierarchy of the estimated fair value measurement based on the observability of the inputs used:
	Estimated Fair Value									Carrying
(in millions)		Level 1		Level 2		Level 3		Total		Value
30-Jun-14
Assets:
Mortgage and other loans receivable	$	-	$	219	$	23,598	$	23,817	$	22,931
Other invested assets		-		600		2,809		3,409		4,337
Short-term investments		-		16,578		-		16,578		16,578
Cash		1,827		-		-		1,827		1,827
Liabilities:
Policyholder contract deposits associated
with investment-type contracts		-		211		117,328		117,539		105,131
Other liabilities		-		3,993		-		3,993		3,993
Long-term debt		-		33,665		3,538		37,203		32,590
31-Dec-13
Assets:
Mortgage and other loans receivable	$	-	$	219	$	21,418	$	21,637	$	20,765
Other invested assets		-		529		2,705		3,234		4,194
Short-term investments		-		15,304		-		15,304		15,304
Cash		2,241		-		-		2,241		2,241
Liabilities:
Policyholder contract deposits associated
with investment-type contracts		-		199		114,361		114,560		105,093
Other liabilities		-		4,869		1		4,870		4,869
Long-term debt		-		36,239		2,394		38,633		34,946

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2014
INVESTMENTS	'
INVESTMENTS	'
	6. INVESTMENTS
	Securities Available for Sale
	The following table presents the amortized cost or cost and fair value of our available for sale securities:
											Other-Than-
			Amortized		Gross		Gross				Temporary
			Cost or		Unrealized		Unrealized		Fair		Impairments
	(in millions)		Cost		Gains		Losses		Value		in AOCI(a)
	30-Jun-14
	Bonds available for sale:
	U.S. government and government sponsored entities	$	2,652	$	187	$	-14	$	2,825	$	-
	Obligations of states, municipalities and political subdivisions		28,225		1,579		-82		29,722		-13
	Non-U.S. governments		21,391		946		-157		22,180		-
	Corporate debt		139,393		11,181		-818		149,756		74
	Mortgage-backed, asset-backed and collateralized:
	RMBS		34,369		3,599		-277		37,691		1,805
	CMBS		11,705		791		-102		12,394		226
	CDO/ABS		11,188		673		-125		11,736		23
	Total mortgage-backed, asset-backed and collateralized		57,262		5,063		-504		61,821		2,054
	Total bonds available for sale(b)		248,923		18,956		-1,575		266,304		2,115
	Equity securities available for sale:
	Common stock		1,320		1,946		-11		3,255		-
	Preferred stock		24		4		-		28		-
	Mutual funds		729		37		-1		765		-
	Total equity securities available for sale		2,073		1,987		-12		4,048		-
	Total	$	250,996	$	20,943	$	-1,587	$	270,352	$	2,115
	31-Dec-13
	Bonds available for sale:
	U.S. government and government sponsored entities	$	3,084	$	150	$	-39	$	3,195	$	-
	Obligations of states, municipalities and political subdivisions		28,704		1,122		-446		29,380		-15
	Non-U.S. governments		22,045		822		-358		22,509		-
	Corporate debt		139,461		7,989		-2,898		144,552		74
	Mortgage-backed, asset-backed and collateralized:
	RMBS		33,520		3,101		-473		36,148		1,670
	CMBS		11,216		558		-292		11,482		125
	CDO/ABS		10,501		649		-142		11,008		62
	Total mortgage-backed, asset-backed and collateralized		55,237		4,308		-907		58,638		1,857
	Total bonds available for sale(b)		248,531		14,391		-4,648		258,274		1,916
	Equity securities available for sale:
	Common stock		1,280		1,953		-14		3,219		-
	Preferred stock		24		4		-1		27		-
	Mutual funds		422		12		-24		410		-
	Total equity securities available for sale		1,726		1,969		-39		3,656		-
	Total	$	250,257	$	16,360	$	-4,687	$	261,930	$	1,916
	(a) Represents the amount of other-than-temporary impairments recognized in Accumulated other comprehensive income. Amount includes unrealized gains and losses on impaired securities relating to changes in the value of such securities subsequent to the impairment measurement date.
	(b) At June 30, 2014 and December 31, 2013, bonds available for sale held by us that were below investment grade or not rated totaled $33.9 billion and $32.6 billion, respectively.
	Securities Available for Sale in a Loss Position
	The following table summarizes the fair value and gross unrealized losses on our available for sale securities, aggregated by major investment category and length of time that individual securities have been in a continuous unrealized loss position:
		Less than 12 Months					12 Months or More					Total
					Gross					Gross					Gross
			Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	(in millions)		Value		Losses			Value		Losses			Value		Losses
	30-Jun-14
	Bonds available for sale:
	U.S. government and government sponsored entities	$	38	$	-		$	416	$	14		$	454	$	14
	Obligations of states, municipalities and political
	subdivisions		482		7			1,800		75			2,282		82
	Non-U.S. governments		1,815		22			2,211		135			4,026		157
	Corporate debt		5,007		62			17,957		756			22,964		818
	RMBS		2,681		42			4,882		235			7,563		277
	CMBS		108		1			2,566		101			2,674		102
	CDO/ABS		1,424		42			1,792		83			3,216		125
	Total bonds available for sale		11,555		176			31,624		1,399			43,179		1,575
	Equity securities available for sale:
Common stock		133		10			4		1			137		11
Mutual funds		77		1			26		-			103		1
Total equity securities available for sale		210		11			30		1			240		12
Total	$	11,765	$	187		$	31,654	$	1,400		$	43,419	$	1,587
31-Dec-13
Bonds available for sale:
U.S. government and government sponsored entities	$	1,101	$	34		$	42	$	5		$	1,143	$	39
Obligations of states, municipalities and political
subdivisions		6,134		379			376		67			6,510		446
Non-U.S. governments		4,102		217			710		141			4,812		358
Corporate debt		38,495		2,251			4,926		647			43,421		2,898
RMBS		8,543		349			1,217		124			9,760		473
CMBS		3,191		176			1,215		116			4,406		292
CDO/ABS		2,845		62			915		80			3,760		142
Total bonds available for sale		64,411		3,468			9,401		1,180			73,812		4,648
Equity securities available for sale:
Common stock		96		14			-		-			96		14
Preferred stock		5		1			-		-			5		1
Mutual funds		369		24			-		-			369		24
Total equity securities available for sale		470		39			-		-			470		39
Total	$	64,881	$	3,507		$	9,401	$	1,180		$	74,282	$	4,687
At June 30, 2014, we held 5,018 and 109 individual fixed maturity and equity securities, respectively, that were in an unrealized loss position, of which 2,909 individual fixed maturity securities were in a continuous unrealized loss position for longer than 12 months. We did not recognize the unrealized losses in earnings on these fixed maturity securities at June 30, 2014 because we neither intend to sell the securities nor do we believe that it is more likely than not that we will be required to sell these securities before recovery of their amortized cost basis. For fixed maturity securities with significant declines, we performed fundamental credit analyses on a security-by-security basis, which included consideration of credit enhancements, expected defaults on underlying collateral, review of relevant industry analyst reports and forecasts and other available market data.
Contractual Maturities of Fixed Maturity Securities Available for Sale
The following table presents the amortized cost and fair value of fixed maturity securities available for sale by contractual maturity:
	Total Fixed Maturity Securities					Fixed Maturity Securities in a Loss
30-Jun-14	Available for Sale					Position Available for Sale
(in millions)		Amortized Cost		Fair Value			Amortized Cost		Fair Value
Due in one year or less	$	10,262	$	10,453		$	617	$	609
Due after one year through five years		50,469		53,409			4,752		4,683
Due after five years through ten years		67,282		71,508			11,107		10,809
Due after ten years		63,648		69,113			14,321		13,625
Mortgage-backed, asset-backed and collateralized		57,262		61,821			13,957		13,453
Total	$	248,923	$	266,304		$	44,754	$	43,179
Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay certain obligations with or without call or prepayment penalties.
The following table presents the gross realized gains and gross realized losses from sales or maturities of our available for sale securities:
	Three Months Ended June 30,								Six Months Ended June 30,
		2014				2013			2014					2013
		Gross		Gross		Gross		Gross		Gross		Gross		Gross		Gross
	Realized		Realized		Realized		Realized		Realized		Realized		Realized			Realized
(in millions)		Gains		Losses		Gains		Losses		Gains		Losses		Gains		Losses
Fixed maturity securities	$	194	$	13	$	1,329	$	56	$	410	$	44		$	1,700	$	127
Equity securities		39		4		46		6		69		6			83		9
Total	$	233	$	17	$	1,375	$	62	$	479	$	50		$	1,783	$	136
For the three- and six-month periods ended June 30, 2014, the aggregate fair value of available for sale securities sold was $5.9 billion and $12.0 billion, respectively, which resulted in net realized capital gains of $0.2 billion and $0.4 billion, respectively.
For the three- and six-month periods ended June 30, 2013, the aggregate fair value of available for sale securities sold was $12.2 billion and $19.2 billion, respectively, which resulted in net realized capital gains of $1.3 billion and $1.6 billion, respectively.
Other Securities Measured at Fair Value
The following table presents the fair value of other securities measured at fair value based on our election of the fair value option:
		30-Jun-14					31-Dec-13
		Fair	Percent				Fair	Percent
(in millions)		Value	of Total				Value	of Total
Fixed maturity securities:
U.S. government and government sponsored entities	$	5,380	24	%		$	5,723	24	%
Obligations of states, municipalities and political subdivisions		123	1				121	1
Non-U.S. governments		2	-				2	-
Corporate debt		1,055	5				1,169	5
Mortgage-backed, asset-backed and collateralized:
RMBS		2,278	10				2,263	10
CMBS		1,310	6				1,353	6
CDO/ABS and other collateralized*		11,275	51				11,985	51
Total mortgage-backed, asset-backed and collateralized		14,863	67				15,601	67
Other		7	-				7	-
Total fixed maturity securities		21,430	97				22,623	97
Equity securities		724	3				834	3
Total	$	22,154	100	%		$	23,457	100	%
* Includes $0.9 billion and $1.0 billion of U.S. Government agency backed ABS at June 30, 2014 and December 31, 2013, respectively.
Net Investment Income
The following table presents the components of Net investment income:
	Three Months Ended					Six Months Ended
	June 30,					June 30,
(in millions)		2014		2013			2014		2013
Fixed maturity securities, including short-term investments	$	3,111	$	2,919		$	6,242	$	5,964
Equity securities		17		-12			-68		25
Interest on mortgage and other loans		311		290			629		570
Alternative investments*		547		738			1,472		1,604
Real estate		33		36			61		67
Other investments		-2		28			9		81
Total investment income		4,017		3,999			8,345		8,311
Investment expenses		133		155			265		303
Net investment income	$	3,884	$	3,844		$	8,080	$	8,008
* Includes hedge funds, private equity funds, affordable housing partnerships, investments in life settlements and other investment partnerships.
Net Realized Capital Gains and Losses
The following table presents the components of Net realized capital gains (losses):
	Three Months Ended					Six Months Ended
	June 30,					June 30,
(in millions)		2014		2013			2014		2013
Sales of fixed maturity securities	$	181	$	1,273		$	366	$	1,573
Sales of equity securities		35		40			63		74
Other-than-temporary impairments:
Severity		-		-3			-		-5
Change in intent		-1		-			-6		-3
Foreign currency declines		-6		-			-10		-
Issuer-specific credit events		-44		-42			-93		-79
Adverse projected cash flows		-4		-1			-5		-7
Provision for loan losses		15		-2			20		-5
Foreign exchange transactions		-47		82			-21		411
Derivative instruments		12		288			-338		17
Impairments on investments in life settlements		-45		-35			-87		-78
Other		5		-9			-1		-7
Net realized capital gains (losses)	$	101	$	1,591		$	-112	$	1,891
Change in Unrealized Appreciation (Depreciation) of Investments
The following table presents the increase (decrease) in unrealized appreciation (depreciation) of our available for sale securities and other investments:
	Three Months Ended					Six Months Ended
	June 30,					June 30,
(in millions)		2014		2013			2014		2013
Increase (decrease) in unrealized appreciation (depreciation) of investments:
Fixed maturity securities	$	3,644	$	-10,123		$	7,638	$	-11,275
Equity securities		173		-16			45		-9
Other investments		-40		55			33		7
Total Increase (decrease) in unrealized appreciation (depreciation) of investments*	$	3,777	$	-10,084		$	7,716	$	-11,277
* Excludes net unrealized gains attributable to businesses held for sale.
Evaluating Investments for Other-Than-Temporary Impairments
For a discussion of our policy for evaluating investments for other-than-temporary impairments, see Note 6 to the Consolidated Financial Statements in the 2013 Annual Report.
Credit Impairments
The following table presents a rollforward of the cumulative credit losses in other-than-temporary impairments recognized in earnings for available for sale fixed maturity securities:
	Three Months Ended					Six Months Ended
	June 30,					June 30,
(in millions)		2014		2013			2014		2013
Balance, beginning of period	$	3,389	$	4,603		$	3,872	$	5,164
Increases due to:
Credit impairments on new securities subject to impairment losses		14		10			22		27
Additional credit impairments on previously impaired securities		18		12			54		30
Reductions due to:
Credit impaired securities fully disposed for which there was no
prior intent or requirement to sell		-82		-167			-412		-558
Accretion on securities previously impaired due to credit*		-173		-222			-361		-427
Other		-		-			-9		-
Balance, end of period	$	3,166	$	4,236		$	3,166	$	4,236
* Represents both accretion recognized due to changes in cash flows expected to be collected over the remaining expected term of the credit impaired securities and the accretion due to the passage of time.
Purchased Credit Impaired (PCI) Securities
We purchase certain RMBS securities that have experienced deterioration in credit quality since their issuance. We determine, based on our expectations as to the timing and amount of cash flows expected to be received, whether it is probable at acquisition that we will not collect all contractually required payments for these PCI securities, including both principal and interest after considering the effects of prepayments. At acquisition, the timing and amount of the undiscounted future cash flows expected to be received on each PCI security is determined based on our best estimate using key assumptions, such as interest rates, default rates and prepayment speeds. At acquisition, the difference between the undiscounted expected future cash flows of the PCI securities and the recorded investment in the securities represents the initial accretable yield, which is accreted into net investment income over their remaining lives on a level-yield basis. Additionally, the difference between the contractually required payments on the PCI securities and the undiscounted expected future cash flows represents the non-accretable difference at acquisition. The accretable yield and the non-accretable difference will change over time, based on actual payments received and changes in estimates of undiscounted expected future cash flows, which are discussed further below.
On a quarterly basis, the undiscounted expected future cash flows associated with PCI securities are re-evaluated based on updates to key assumptions. Declines in undiscounted expected future cash flows due to further credit deterioration as well as changes in the expected timing of the cash flows can result in the recognition of an other-than-temporary impairment charge, as PCI securities are subject to our policy for evaluating investments for other-than-temporary impairment. Changes to undiscounted expected future cash flows due solely to the changes in the contractual benchmark interest rates on variable rate PCI securities will change the accretable yield prospectively. Significant increases in undiscounted expected future cash flows for reasons other than interest rate changes are recognized prospectively as adjustments to the accretable yield.
The following tables present information on our PCI securities, which are included in bonds available for sale:
(in millions)	At Date of Acquisition
Contractually required payments (principal and interest)	$	28,482
Cash flows expected to be collected*		22,778
Recorded investment in acquired securities		15,049
* Represents undiscounted expected cash flows, including both principal and interest.
(in millions)	30-Jun-14		31-Dec-13
Outstanding principal balance	$	16,272	$	14,741
Amortized cost		11,559		10,110
Fair value		12,998		11,338
The following table presents activity for the accretable yield on PCI securities:
	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)		2014		2013		2014		2013
Balance, beginning of period	$	7,170	$	5,114	$	6,940	$	4,766
Newly purchased PCI securities		247		761		769		1,106
Disposals		-		-		-		-60
Accretion		-219		-170		-431		-330
Effect of changes in interest rate indices		-172		22		-231		106
Net reclassification from (to) non-accretable difference,
including effects of prepayments		16		174		-5		313
Balance, end of period	$	7,042	$	5,901	$	7,042	$	5,901
Pledged Investments
Secured Financing and Similar Arrangements
We enter into financing transactions whereby certain securities are transferred to financial institutions in exchange for cash or other liquid collateral. Securities transferred by us under these financing transactions may be sold or repledged by the counterparties. As collateral for the securities transferred by us, counterparties transfer assets to us, such as cash or high quality fixed maturity securities. Collateral levels are monitored daily and are generally maintained at an agreed-upon percentage of the fair value of the transferred securities during the life of the transactions. Where we receive fixed maturity securities as collateral, we do not have the right to sell or repledge the collateral unless an event of default occurs by the counterparties. At the termination of the transactions, we and our counterparties are obligated to return the collateral provided and the securities transferred, respectively. We treat these transactions as secured financing arrangements.
Secured financing transactions also include securities sold under agreements to repurchase (repurchase agreements), in which we transfer securities in exchange for cash, with an agreement by us to repurchase the same or substantially similar securities. In the majority of these repurchase agreements, the securities transferred by us may be sold or repledged by the counterparties. Repurchase agreements entered into by the DIB are carried at fair value based on market-observable interest rates. All other repurchase agreements are recorded at their contracted repurchase amounts plus accrued interest.
The following table presents the fair value of securities pledged to counterparties under secured financing transactions:
(in millions)		30-Jun-14		31-Dec-13
Securities available for sale	$	2,946	$	3,907
Other securities		2,500		2,766
We also enter into agreements in which securities are purchased by us under agreements to resell (reverse repurchase agreements), which are accounted for as secured financing transactions and reported as short-term investments or other assets, depending on their terms. These agreements are recorded at their contracted resale amounts plus accrued interest, other than those that are accounted for at fair value. Such agreements entered into by the DIB are carried at fair value based on market observable interest rates. In all reverse repurchase transactions, we take possession of or obtain a security interest in the related securities, and we have the right to sell or repledge this collateral received.
The following table presents information on the fair value of securities pledged to us under reverse repurchase agreements:
(in millions)		30-Jun-14		31-Dec-13
Securities collateral pledged to us	$	9,438	$	8,878
Amount repledged by us		219		71
Insurance - Statutory and Other Deposits
Total carrying values of cash and securities deposited by our insurance subsidiaries under requirements of regulatory authorities or other insurance-related arrangements, including certain annuity-related obligations and certain reinsurance treaties, were $6.4 billion and $6.7 billion at June 30, 2014 and December 31, 2013, respectively.
Other Pledges
Certain of our subsidiaries are members of Federal Home Loan Banks (FHLBs) and such membership requires the members to own stock in these FHLBs. We owned an aggregate of $56 million and $57 million of stock in FHLBs at June 30, 2014 and December 31, 2013, respectively. In addition, our subsidiaries have pledged securities available for sale with a fair value of $533 million and $80 million at June 30, 2014 and December 31, 2013, respectively, associated with advances from the FHLBs.
Certain GIAs have provisions that require collateral to be posted or payments to be made by us upon a downgrade of our long-term debt ratings. The actual amount of collateral required to be posted to the counterparties in the event of such downgrades, and the aggregate amount of payments that we could be required to make, depend on market conditions, the fair value of outstanding affected transactions and other factors prevailing at and after the time of the downgrade. The fair value of securities pledged as collateral with respect to these obligations approximated $3.6 billion and $4.2 billion at June 30, 2014 and December 31, 2013, respectively. This collateral primarily consists of securities of the U.S. government and government sponsored entities and generally cannot be repledged or resold by the counterparties.

LENDING_ACTIVITIES

LENDING ACTIVITIES	6 Months Ended
	Jun. 30, 2014
LENDING ACTIVITIES	'
LENDING ACTIVITIES	'
	7. LENDING ACTIVITIES
	The following table presents the composition of Mortgage and other loans receivable:
		June 30,			December 31,
	(in millions)		2014		2013
	Commercial mortgages*	$	17,499	$	16,195
	Life insurance policy loans		2,769		2,830
	Commercial loans, other loans and notes receivable		2,950		2,052
	Total mortgage and other loans receivable		23,218		21,077
	Allowance for losses		-281		-312
	Mortgage and other loans receivable, net	$	22,937	$	20,765
	* Commercial mortgages primarily represent loans for office, retail and industrial properties, with exposures in California and New York representing the largest geographic concentrations (aggregating approximately 15 percent and 17 percent, respectively, at June 30, 2014, and approximately 18 percent and 17 percent, respectively, at December 31, 2013).
	The following table presents the credit quality indicators for commercial mortgages:
		Number																Percent
		of		Class														of
	(dollars in millions)	Loans		Apartments			Offices		Retail	Industrial			Hotel		Others		Total(c)	Total $
	30-Jun-14
	Credit Quality Indicator:
	In good standing	991		$	3,219	$	5,017	$	3,818	$	1,714	$	1,433	$	1,858	$	17,059	98	%
	Restructured(a)	9			54		285		7		-		-		83		429	2
	90 days or less delinquent	1			-		-		-		-		-		-		-	-
	>90 days delinquent or in
	process of foreclosure	3			-		11		-		-		-		-		11	-
	Total(b)	1,004		$	3,273	$	5,313	$	3,825	$	1,714	$	1,433	$	1,941	$	17,499	100	%
	Valuation allowance			$	11	$	102	$	7	$	20	$	6	$	42	$	188	1	%
	31-Dec-13
	Credit Quality Indicator:
	In good standing	978		$	2,786	$	4,636	$	3,364	$	1,607	$	1,431	$	1,970	$	15,794	98	%
	Restructured(a)	9			53		210		6		-		-		85		354	2
	90 days or less delinquent	2			-		-		5		-		-		-		5	-
	>90 days delinquent or in
	process of foreclosure	6			-		42		-		-		-		-		42	-
	Total(b)	995		$	2,839	$	4,888	$	3,375	$	1,607	$	1,431	$	2,055	$	16,195	100	%
	Allowance for losses			$	10	$	109	$	9	$	19	$	3	$	51	$	201	1	%
	(a) Loans that have been modified in troubled debt restructurings and are performing according to their restructured terms. For additional discussion of troubled debt restructurings see Note 7 to the Consolidated Financial Statements in the 2013 Annual Report.
	(b) Does not reflect valuation allowances.
	(c) Approximately 99 percent of the commercial mortgages held at such respective dates were current as to payments of principal and interest.
	Allowance for Loan Losses
	See Note 7 to the Consolidated Financial Statements in the 2013 Annual Report for a discussion of our accounting policy for evaluating mortgage and other loans receivable for impairment.
	The following table presents a rollforward of the changes in the allowance for losses on Mortgage and other loans receivable:
								2014							2013
	Six Months Ended June 30,								Commercial		Other					Commercial		Other
	(in millions)								Mortgages		Loans		Total			Mortgages		Loans		Total
	Allowance, beginning of year							$	201	$	111	$	312		$	159	$	246	$	405
	Loans charged off								-5		-13		-18			-		-26		-26
	Recoveries of loans previously charged off								-		16		16			3		2		5
	Net charge-offs								-5		3		-2			3		-24		-21
	Provision for loan losses								-8		-22		-30			8		-6		2
	Other								-		1		1			-		-5		-5
	Allowance, end of period							$	188*	$	93	$	281		$	170*	$	211	$	381
	* Of the total allowance at the end of the period, $88 million and $58 million relates to individually assessed credit losses on $240 million and $131 million of commercial mortgage loans at June 30, 2014 and 2013, respectively.
	No significant loans were modified in a troubled debt restructuring during the six-month periods ended June 30, 2014 and 2013.

VARIABLE_INTEREST_ENTITIES

VARIABLE INTEREST ENTITIES	6 Months Ended
	Jun. 30, 2014
VARIABLE INTEREST ENTITIES	'
VARIABLE INTEREST ENTITIES	'
	8. VARIABLE INTEREST ENTITIES
	We enter into various arrangements with variable interest entities (VIEs) in the normal course of business and consolidate the VIEs when we determine we are the primary beneficiary. This analysis includes a review of the VIE’s capital structure, contractual relationships and terms, nature of the VIE’s operations and purpose, nature of the VIE’s interests issued and our involvement with the entity. When assessing the need to consolidate a VIE, we evaluate the design of the VIE as well as the related risks the entity was designed to expose the variable interest holders to.
	For VIEs with attributes consistent with that of an investment company or a money market fund, the primary beneficiary is the party or group of related parties that absorbs a majority of the expected losses of the VIE, receives the majority of the expected residual returns of the VIE, or both.
	For all other VIEs, the primary beneficiary is the entity that has both (1) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance and (2) the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. While also considering these factors, the consolidation conclusion depends on the breadth of our decision-making ability and our ability to influence activities that significantly affect the economic performance of the VIE.
	Balance Sheet Classification and Exposure to Loss
	The following table presents the total assets and total liabilities associated with our variable interests in consolidated VIEs, as classified in the Condensed Consolidated Balance Sheets:
	(in millions)		Real Estate and Investment Funds(e)		Securitization Vehicles		Structured Investment Vehicles		Affordable Housing Partnerships		Other		Total
	30-Jun-14
	Assets:
	Bonds available for sale	$	-	$	11,502	$	-	$	-	$	42	$	11,544
	Other bond securities		-		7,816		726		-		79		8,621
	Mortgage and other loans receivable		-		1,681		-		-		176		1,857
	Other invested assets		594		-		-		1,832		733		3,159
	Other (a)		40		734		66		40		625		1,505
	Total assets(b)(c)	$	634	$	21,733	$	792	$	1,872	$	1,655	$	26,686
	Liabilities:
	Long-term debt	$	70	$	1,223	$	98	$	184	$	105	$	1,680
	Other (d)		32		116		-		92		201		441
	Total liabilities	$	102	$	1,339	$	98	$	276	$	306	$	2,121
	31-Dec-13
	Assets:
	Bonds available for sale	$	-	$	11,028	$	-	$	-	$	70	$	11,098
	Other bond securities		-		7,449		748		-		113		8,310
	Mortgage and other loans receivable		-		1,508		-		-		189		1,697
	Other invested assets		849		-		-		1,986		793		3,628
	Other (a)		49		481		93		41		615		1,279
	Total assets(b)(c)	$	898	$	20,466	$	841	$	2,027	$	1,780	$	26,012
	Liabilities:
	Long-term debt	$	71	$	494	$	87	$	188	$	154	$	994
	Other(d)		31		74		-		83		367		555
	Total liabilities	$	102	$	568	$	87	$	271	$	521	$	1,549
	(a) Comprised primarily of Short-term investments, Premiums and other receivables and Other assets at both June 30, 2014 and December 31, 2013.
	(b) The assets of each VIE can be used only to settle specific obligations of that VIE.
	(c) At June 30, 2014 and December 31, 2013, includes approximately $21.6 billion and $21.4 billion, respectively, of investment-grade debt securities, loans and other assets held by certain securitization vehicles that issued beneficial interests in these investments. The majority of the beneficial interests issued are held by AIG.
	(d) Comprised primarily of Other liabilities and Derivative liabilities, at fair value, at both June 30, 2014 and December 31, 2013.
	(e) At June 30, 2014 and December 31, 2013, off-balance sheet exposure, primarily consisting of commitments to real estate and investment funds, was $61.8 million and $50.8 million, respectively.
	We calculate our maximum exposure to loss to be (i) the amount invested in the debt or equity of the VIE, (ii) the notional amount of VIE assets or liabilities where we have also provided credit protection to the VIE with the VIE as the referenced obligation, and (iii) other commitments and guarantees to the VIE. Interest holders in VIEs sponsored by us generally have recourse only to the assets and cash flows of the VIEs and do not have recourse to us, except in limited circumstances when we have provided a guarantee to the VIE’s interest holders.
	The following table presents total assets of unconsolidated VIEs in which we hold a variable interest, as well as our maximum exposure to loss associated with these VIEs:
					Maximum Exposure to Loss
			Total VIE			On-Balance		Off-Balance
	(in millions)		Assets			Sheet*		Sheet		Total
	30-Jun-14
	Real estate and investment funds	$	20,010		$	2,599	$	402	$	3,001
	Affordable housing partnerships		477			476		-		476
	Other		633			39		-		39
	Total	$	21,120		$	3,114	$	402	$	3,516
	31-Dec-13
	Real estate and investment funds	$	17,572		$	2,343	$	289	$	2,632
	Affordable housing partnerships		478			477		-		477
	Other		708			37		-		37
	Total	$	18,758		$	2,857	$	289	$	3,146
	* At June 30, 2014 and December 31, 2013, $3.1 billion and $2.8 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets.
	See Note 10 to the Consolidated Financial Statements in the 2013 Annual Report for additional information on VIEs.

DERIVATIVES_AND_HEDGE_ACCOUNTI

DERIVATIVES AND HEDGE ACCOUNTING	6 Months Ended
	Jun. 30, 2014
DERIVATIVES AND HEDGE ACCOUNTING	'
DERIVATIVES AND HEDGE ACCOUNTING	'
	9. DERIVATIVES AND HEDGE ACCOUNTING
	We use derivatives and other financial instruments as part of our financial risk management programs and as part of our investment operations. See Note 11 to the Consolidated Financial Statements in the 2013 Annual Report for a discussion of our accounting policies and procedures regarding derivatives and hedge accounting.
	Effective April 1, 2014, we reclassified cross-currency swaps from Interest rate contracts to Foreign exchange contracts. This change was applied prospectively.
	The following table presents the notional amounts and fair values of our derivative instruments:
		30-Jun-14								31-Dec-13
		Gross Derivative Assets				Gross Derivative Liabilities				Gross Derivative Assets				Gross Derivative Liabilities
			Notional		Fair		Notional		Fair		Notional		Fair		Notional		Fair
	(in millions)		Amount		Value(a)		Amount		Value(a)		Amount		Value(a)		Amount		Value(a)
	Derivatives designated as
	hedging instruments:
	Interest rate contracts	$	-	$	-	$	25	$	1	$	-	$	-	$	112	$	15
	Foreign exchange contracts		779		9		1,304		122		-		-		1,857		190
	Equity contracts		16		1		192		6		-		-		-		-
	Derivatives not designated
	as hedging instruments:
	Interest rate contracts		43,171		2,929		45,072		2,733		50,897		3,771		59,585		3,849
	Foreign exchange contracts		10,563		1,094		14,720		1,426		1,774		52		3,789		129
	Equity contracts(b)		6,326		224		37,077		945		29,296		413		9,840		524
	Commodity contracts		16		1		13		4		17		1		13		5
	Credit contracts		60		41		14,978		1,126		70		55		15,459		1,335
	Other contracts(c)		34,076		37		479		90		32,440		34		1,408		167
	Total derivatives not
	designated as hedging
	instruments		94,212		4,326		112,339		6,324		114,494		4,326		90,094		6,009
	Total derivatives, gross	$	95,007	$	4,336	$	113,860	$	6,453	$	114,494	$	4,326	$	92,063	$	6,214
	(a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral.
	(b) Notional amount of derivative assets and fair value of derivative assets were both zero at June 30, 2014 and were $23.2 billion and $107 million at December 31, 2013, respectively, related to bifurcated embedded derivatives. Notional amount of derivative liabilities and fair value of derivative liabilities include $33.5 billion and $855 million, respectively, at June 30, 2014, and $6.7 billion and $424 million, respectively, at December 31, 2013, related to bifurcated embedded derivatives. A bifurcated embedded derivative is generally presented with the host contract in the Condensed Consolidated Balance Sheets.
	(c) Consists primarily of contracts with multiple underlying exposures.
	The following table presents the fair values of derivative assets and liabilities in the Condensed Consolidated Balance Sheets:
		30-Jun-14								31-Dec-13
		Derivative Assets				Derivative Liabilities				Derivative Assets				Derivative Liabilities
			Notional		Fair		Notional		Fair		Notional		Fair		Notional		Fair
	(in millions)		Amount		Value		Amount		Value		Amount		Value		Amount		Value
	Global Capital Markets derivatives:
	AIG Financial Products	$	37,422	$	2,527	$	48,856	$	3,224	$	41,942	$	2,567	$	52,679	$	3,506
	AIG Markets		15,922		1,135		20,553		1,602		12,531		964		23,716		1,506
	Total Global Capital Markets derivatives		53,344		3,662		69,409		4,826		54,473		3,531		76,395		5,012
	Non-Global Capital Markets derivatives(a)		41,663		674		44,451		1,627		60,021		795		15,668		1,202
	Total derivatives, gross	$	95,007		4,336	$	113,860		6,453	$	114,494		4,326	$	92,063		6,214
	Counterparty netting(b)				-1,801				-1,801				-1,734				-1,734
	Cash collateral(c)				-918				-1,326				-820				-1,484
	Total derivatives, net				1,617				3,326				1,772				2,996
	Less: Bifurcated embedded derivatives				-				910				107				485
	Total derivatives on consolidated
	balance sheet			$	1,617			$	2,416			$	1,665			$	2,511
	(a) Represents derivatives used to hedge the foreign currency and interest rate risk associated with insurance as well as embedded derivatives included in insurance contracts. Assets and liabilities include bifurcated embedded derivatives which are recorded in Policyholder contract deposits.
	(b) Represents netting of derivative exposures covered by a qualifying master netting agreement.
	(c) Represents cash collateral posted and received that is eligible for netting.
	Collateral
	We engage in derivative transactions that are not subject to a clearing requirement directly with unaffiliated third parties, in most cases, under International Swaps and Derivatives Association, Inc. (ISDA) Master agreements. Many of the ISDA agreements also include Credit Support Annex (CSA) provisions, which provide for collateral postings that may vary at various ratings and threshold levels. We attempt to reduce our risk with certain counterparties by entering into agreements that enable collateral to be obtained from a counterparty on an upfront or contingent basis. We minimize the risk that counterparties to transactions might be unable to fulfill their contractual obligations by monitoring counterparty credit exposure and collateral value and generally requiring additional collateral to be posted upon the occurrence of certain events or circumstances. In addition, certain derivative transactions have provisions that require collateral to be posted upon a downgrade of our long-term debt ratings or give the counterparty the right to terminate the transaction. In the case of some of the derivative transactions, upon a downgrade of our long-term debt ratings, as an alternative to posting collateral and subject to certain conditions, we may assign the transaction to an obligor with higher debt ratings or arrange for a substitute guarantee of our obligations by an obligor with higher debt ratings or take other similar action. The actual amount of collateral required to be posted to counterparties in the event of such downgrades, or the aggregate amount of payments that we could be required to make, depends on market conditions, the fair value of outstanding affected transactions and other factors prevailing at and after the time of the downgrade.
	Collateral posted by us to third parties for derivative transactions was $3.0 billion and $3.2 billion at June 30, 2014 and December 31, 2013, respectively. In the case of collateral posted under derivative transactions that are not subject to clearing, this collateral can generally be repledged or resold by the counterparties. Collateral provided to us from third parties for derivative transactions was $1.1 billion and $1.0 billion at June 30, 2014 and December 31, 2013, respectively. We generally can repledge or resell this collateral.
	Offsetting
	We have elected to present all derivative receivables and derivative payables, and the related cash collateral received and paid, on a net basis on our Condensed Consolidated Balance Sheets when a legally enforceable ISDA Master Agreement exists between us and our derivative counterparty. An ISDA Master Agreement is an agreement governing multiple derivative transactions between two counterparties. The ISDA Master Agreement generally provides for the net settlement of all, or a specified group, of these derivative transactions, as well as cash collateral, through a single payment, and in a single currency, as applicable. The net settlement provisions apply in the event of a default on, or affecting any, one derivative transaction or a termination event affecting all, or a specified group of, derivative transactions governed by the ISDA Master Agreement.
	Hedge Accounting
	We designated certain derivatives entered into by Global Capital Markets (GCM) with third parties as fair value hedges of available-for-sale investment securities held by our insurance subsidiaries. The fair value hedges include foreign currency forwards designated as hedges of the change in fair value of foreign currency denominated available-for-sale securities attributable to changes in foreign exchange rates. We also designated certain cross-currency interest rate swaps as hedges of the change in fair values of fixed-rate GICs attributable to changes in benchmark interest rates and foreign exchange rates.
	We use foreign currency denominated debt and cross-currency interest rate swaps as hedging instruments in net investment hedge relationships to mitigate the foreign exchange risk associated with our non-U.S. dollar functional currency foreign subsidiaries. We assess the hedge effectiveness and measure the amount of ineffectiveness for these hedge relationships based on changes in spot exchange rates. For the three- and six-month periods ended June 30, 2014, we recognized gains of zero and $3 million, respectively, and for the three- and six-month periods ended June 30, 2013, we recognized losses of $35 million and gains of $95 million, respectively, included in Change in foreign currency translation adjustment in Other comprehensive income related to the net investment hedge relationships.
	A qualitative methodology is utilized to assess hedge effectiveness for net investment hedges, while regression analysis is employed for all other hedges.
	The following table presents the gain (loss) recognized in earnings on our derivative instruments in fair value hedging relationships in the Condensed Consolidated Statements of Income:
		Three Months Ended				Six Months Ended
			June 30,			June 30,
	(in millions)		2014		2013		2014		2013
	Interest rate contracts:
	Gain (loss) recognized in earnings on derivatives(a)	$	-	$	-	$	2	$	-
Gain recognized in earnings on hedged items(b)		10		23		75		53
Foreign exchange contracts:(c)
Gain (loss) recognized in earnings on derivatives(d)		32		-35		56		-40
Gain (loss) recognized in earnings on hedged items(e)		-28		43		-60		47
Gain (loss) recognized in earnings for amounts excluded from effectiveness testing		-4		8		-12		7
Equity contracts:(f)
Gain (loss) recognized in earnings on derivatives		-14		-		-14		-
Gain (loss) recognized in earnings on hedged items		14		-		14		-
Gain (loss) recognized in earnings for amounts excluded from effectiveness testing		-		-		-		-
(a) Includes gains of $1 million recorded in Interest credited to policyholder account balances and $1 million recorded in Net realized capital gains (losses) for the six-month period ended June 30, 2014.
(b) Includes gains of $10 million and $23 million for the three-month periods ended June 30, 2014 and 2013, respectively, and $28 million and $53 million for the six-month periods ended June 30, 2014 and 2013, respectively, representing the amortization of debt basis adjustment recorded in Other income and Net realized capital gains (losses) following the discontinuation of hedge accounting. Also includes gains of $50 million for the six-month period ended June 30, 2014, recorded in Loss on extinguishment of debt, representing the release of debt basis following the repurchase of issued debt that was part of previously discontinued hedge accounting relationships.
(c) Gains and losses recognized in earnings for the ineffective portion and amounts excluded from effectiveness testing, if any, are recorded in Net realized capital gains (losses).
(d) Includes gains of $1 million recorded in Interest credited to policyholder account balances for the three- and six-month periods ended June 30, 2014. All other gains and losses are recorded in Net realized capital gains (losses).
(e) Includes gains of $9 million for both the three- and six-month periods ended June 30, 2014, representing the amortization of debt basis adjustment recorded in Other income and Net realized capital gains (losses) following the discontinuation of hedge accounting. All other gains and losses are recorded in Net realized capital gains (losses).
(f) Gains and losses recognized in earnings are recorded in Net realized capital gains (losses).
Derivatives Not Designated as Hedging Instruments
The following table presents the effect of derivative instruments not designated as hedging instruments in the Condensed Consolidated Statements of Income:
	Gains (Losses) Recognized in Earnings
	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)		2014		2013		2014		2013
By Derivative Type:
Interest rate contracts	$	48	$	-69	$	187	$	-285
Foreign exchange contracts		37		-8		23		147
Equity contracts*		11		468		-411		512
Commodity contracts		-		-2		1		-2
Credit contracts		74		138		154		313
Other contracts		24		16		39		60
Total	$	194	$	543	$	-7	$	745
By Classification:
Policy fees	$	68	$	48	$	136	$	93
Net investment income		12		5		26		29
Net realized capital gains (losses)		22		276		-315		-
Other income		89		219		138		631
Policyholder benefits and claims incurred		3		-5		8		-8
Total	$	194	$	543	$	-7	$	745
* Includes embedded derivative gains of $47 million and losses of $342 million for the three- and six-month periods ended June 30, 2014, respectively, and embedded derivative gains of $505 million and $760 million for the three- and six-month periods ended June 30, 2013, respectively.
Global Capital Markets Derivatives
Derivative transactions between AIG and its subsidiaries and third parties are generally centralized through GCM, specifically through the entity AIG Markets, Inc. (AIG Markets). The derivatives portfolio of AIG Markets consists primarily of interest rate and currency derivatives and also includes legacy credit derivatives that have been novated from AIG Financial Products Corp. and AIG Trading Group Inc. and their respective subsidiaries (collectively, AIGFP). AIGFP also enters into derivatives to mitigate market risk in its exposures (interest rates, currencies, credit, commodities and equities) arising from its portfolio of remaining transactions.
GCM follows a policy of minimizing interest rate, currency, commodity, and equity risks associated with investment securities by entering into offsetting positions, thereby offsetting a significant portion of the unrealized appreciation and depreciation.
Super Senior Credit Default Swaps
Credit default swap (CDS) transactions were entered into with the intention of earning revenue on credit exposure. In the majority of these transactions, we sold credit protection on a designated portfolio of loans or debt securities. Generally, such credit protection was provided on a “second loss” basis, meaning we would incur credit losses only after a shortfall of principal and/or interest, or other credit events, in respect of the protected loans and debt securities, exceeded a specified threshold amount or level of “first losses.”
The following table presents the net notional amount (net of all structural subordination below the covered tranches), fair value of derivative (asset) liability before the effects of counterparty netting adjustments and offsetting cash collateral and unrealized market valuation gain (loss) of the super senior credit default swap portfolio by asset class:
					Fair Value of				Unrealized Market
	Net Notional Amount at				Derivative Liability at				Valuation Gain
	June 30,			December 31,	June 30,			December 31,	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)		2014		2013		2014		2013		2014		2013		2014		2013
Arbitrage:
Multi-sector CDOs(a)		2,970		3,257		1,061		1,249		66		126		138		281
Corporate debt/CLOs(b)(c)		11,718		11,832		18		28		7		5		10		21
Total	$	14,688	$	15,089	$	1,079	$	1,277	$	73	$	131	$	148	$	302
(a) During the six-month period ended June 30, 2014, we paid $50 million to counterparties with respect to multi-sector CDOs, which was previously included in the fair value of the derivative liability as an unrealized market valuation loss. Collateral postings with regards to multi-sector CDOs were $1.0 billion and $1.1 billion at June 30, 2014 and December 31, 2013, respectively.
(b) Corporate debt/Collateralized Loan Obligations (CLOs) include $887 million and $1.0 billion in net notional amount of credit default swaps written on the super senior tranches of CLOs at June 30, 2014 and December 31, 2013, respectively. Collateral postings with regards to corporate debt/CLOs were $336 million and $353 million at June 30, 2014 and December 31, 2013, respectively.
(c) See Note 17 for Corporate Debt Super Senior CDSs terminated subsequent to June 30, 2014.
The expected weighted average maturity of the super senior credit derivative portfolios as of June 30, 2014 was five years for the multi-sector CDO arbitrage portfolio and two years for the corporate debt/CLO portfolio.
Because of long-term maturities of the CDSs in the arbitrage portfolio, we are unable to make reasonable estimates of the periods during which any payments would be made. However, the net notional amount represents the maximum exposure to loss on the super senior credit default swap portfolio.
Written Single Name Credit Default Swaps
We have legacy credit default swap contracts referencing single-name exposures written on corporate, index and asset-backed credits with the intention of earning spread income on credit exposure. Some of these transactions were entered into as part of a long-short strategy to earn the net spread between CDSs written and purchased. At June 30, 2014 and December 31, 2013, the net notional amounts of these written CDS contracts were $293 million and $373 million, respectively, including ABS CDS transactions purchased from a liquidated multi-sector super senior CDS transaction. These exposures were partially hedged by purchasing offsetting CDS contracts of $39 million and $50 million in net notional amounts at June 30, 2014 and December 31, 2013, respectively. The net unhedged positions of $254 million and $323 million at June 30, 2014 and December 31, 2013, respectively, represent the maximum exposure to loss on these CDS contracts. The average maturity of the written CDS contracts was three years at both June 30, 2014 and December 31, 2013. At June 30, 2014 and December 31, 2013, the fair values of derivative liabilities (which represents the carrying value) of the portfolio of CDS were $26 million and $32 million, respectively.
Upon a triggering event (e.g., a default) with respect to the underlying reference obligations, settlement is generally effected through the payment of the notional amount of the contract to the counterparty in exchange for the related principal amount of securities issued by the underlying credit obligor (physical settlement) or, in some cases, payment of an amount associated with the value of the notional amount of the reference obligations through a market quotation process (cash settlement).
These CDS contracts were written under ISDA Master Agreements. The majority of these ISDA Master Agreements include credit support annexes (CSAs) that provide for collateral postings that may vary at various ratings and threshold levels. At June 30, 2014 and December 31, 2013, net collateral posted by us under these contracts was $32 million and $38 million, respectively, prior to offsets for other transactions.
All Other Derivatives
Our businesses other than GCM also use derivatives and other instruments as part of their financial risk management. Interest rate derivatives (such as interest rate swaps) are used to manage interest rate risk associated with embedded derivatives contained in insurance contract liabilities, fixed maturity securities, outstanding medium- and long-term notes as well as other interest rate sensitive assets and liabilities. Foreign exchange derivatives (principally foreign exchange forwards and options) are used to economically mitigate risk associated with non-U.S. dollar denominated debt, net capital exposures, and foreign currency transactions. Equity derivatives are used to mitigate financial risk embedded in certain insurance liabilities. The derivatives are effective economic hedges of the exposures that they are meant to offset.
In addition to hedging activities, we also enter into derivative instruments with respect to investment operations, which include, among other things, credit default swaps and purchasing investments with embedded derivatives, such as equity-linked notes and convertible bonds.
Credit Risk-Related Contingent Features
The aggregate fair value of our derivative instruments that contain credit risk-related contingent features that were in a net liability position at June 30, 2014 and December 31, 2013, was approximately $2.4 billion and $2.6 billion, respectively. The aggregate fair value of assets posted as collateral under these contracts at June 30, 2014 and December 31, 2013, was $3.0 billion and $3.1 billion, respectively.
We estimate that at June 30, 2014, based on our outstanding financial derivative transactions, a one-notch downgrade of our long-term senior debt ratings to BBB+ by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. (S&P), would permit counterparties to make additional collateral calls and permit certain counterparties to elect early termination of contracts, resulting in a negligible amount of corresponding collateral postings and termination payments; a one-notch downgrade to Baa2 by Moody’s Investors’ Service, Inc. (Moody’s) and an additional one-notch downgrade to BBB by S&P would result in approximately $59 million in additional collateral postings and termination payments, and a further one-notch downgrade to Baa3 by Moody’s and BBB- by S&P would result in approximately $152 million in additional collateral postings and termination payments.
Additional collateral postings upon downgrade are estimated based on the factors in the individual collateral posting provisions of the CSA with each counterparty and current exposure as of June 30, 2014. Factors considered in estimating the termination payments upon downgrade include current market conditions, the complexity of the derivative transactions, historical termination experience and other observable market events such as bankruptcy and downgrade events that have occurred at other companies. Our estimates are also based on the assumption that counterparties will terminate based on their net exposure to us. The actual termination payments could significantly differ from our estimates given market conditions at the time of downgrade and the level of uncertainty in estimating both the number of counterparties who may elect to exercise their right to terminate and the payment that may be triggered in connection with any such exercise.
Hybrid Securities with Embedded Credit Derivatives
We invest in hybrid securities (such as credit-linked notes) with the intent of generating income, and not specifically to acquire exposure to embedded derivative risk. As is the case with our other investments in RMBS, CMBS, CDOs and ABS, our investments in these hybrid securities are exposed to losses only up to the amount of our initial investment in the hybrid security. Other than our initial investment in the hybrid securities, we have no further obligation to make payments on the embedded credit derivatives in the related hybrid securities.
We elect to account for our investments in these hybrid securities with embedded written credit derivatives at fair value, with changes in fair value recognized in Net investment income and Other income. Our investments in these hybrid securities are reported as Other bond securities in the Consolidated Balance Sheets. The fair values of these hybrid securities were $6.2 billion and $6.4 billion at June 30, 2014 and December 31, 2013, respectively. These securities have par amounts of $12.7 billion and $13.4 billion at June 30, 2014 and December 31, 2013, respectively, and have remaining stated maturity dates that extend to 2052.

CONTINGENCIES_COMMITMENTS_AND_

CONTINGENCIES, COMMITMENTS AND GUARANTEES	6 Months Ended
	Jun. 30, 2014
CONTINGENCIES, COMMITMENTS AND GUARANTEES	'
CONTINGENCIES, COMMITMENTS AND GUARANTEES	'
	10. CONTINGENCIES, COMMITMENTS AND GUARANTEES
	In the normal course of business, various contingent liabilities and commitments are entered into by AIG and our subsidiaries. In addition, AIG Parent guarantees various obligations of certain subsidiaries.
	Although AIG cannot currently quantify its ultimate liability for unresolved litigation and investigation matters, including those referred to below, it is possible that such liability could have a material adverse effect on AIG’s consolidated financial condition or its consolidated results of operations or consolidated cash flows for an individual reporting period.
	Legal Contingencies
	Overview. In the normal course of business, AIG and our subsidiaries are, like others in the insurance and financial services industries in general, subject to litigation, including claims for punitive damages. In our insurance and mortgage guaranty operations, litigation arising from claims settlement activities is generally considered in the establishment of our liability for unpaid claims and claims adjustment expense. However, the potential for increasing jury awards and settlements makes it difficult to assess the ultimate outcome of such litigation. AIG is also subject to derivative, class action and other claims asserted by its shareholders and others alleging, among other things, breach of fiduciary duties by its directors and officers and violations of insurance laws and regulations, as well as federal and state securities laws. In the case of any derivative action brought on behalf of AIG, any recovery would accrue to the benefit of AIG.
	Various regulatory and governmental agencies have been reviewing certain transactions and practices of AIG and our subsidiaries in connection with industry-wide and other inquiries into, among other matters, certain business practices of current and former operating insurance subsidiaries. We have cooperated, and will continue to cooperate, in producing documents and other information in response to subpoenas and other requests.
	AIG’s Subprime Exposure, AIGFP Credit Default Swap Portfolio and Related Matters
	AIG, AIGFP and certain directors and officers of AIG, AIGFP and other AIG subsidiaries have been named in various actions relating to our exposure to the U.S. residential subprime mortgage market, unrealized market valuation losses on AIGFP’s super senior credit default swap portfolio, losses and liquidity constraints relating to our securities lending program and related disclosure and other matters (Subprime Exposure Issues).
	Consolidated 2008 Securities Litigation. Between May 21, 2008 and January 15, 2009, eight purported securities class action complaints were filed against AIG and certain directors and officers of AIG and AIGFP, AIG’s outside auditors, and the underwriters of various securities offerings in the United States District Court for the Southern District of New York (the Southern District of New York), alleging claims under the Securities Exchange Act of 1934, as amended (the Exchange Act), or claims under the Securities Act of 1933, as amended (the Securities Act). On March 20, 2009, the Court consolidated all eight of the purported securities class actions as In re American International Group, Inc. 2008 Securities Litigation (the Consolidated 2008 Securities Litigation).
	On May 19, 2009, the lead plaintiff in the Consolidated 2008 Securities Litigation filed a consolidated complaint on behalf of purchasers of AIG Common Stock during the alleged class period of March 16, 2006 through September 16, 2008, and on behalf of purchasers of various AIG securities offered pursuant to AIG’s shelf registration statements. The consolidated complaint alleges that defendants made statements during the class period in press releases, AIG’s quarterly and year-end filings, during conference calls, and in various registration statements and prospectuses in connection with the various offerings that were materially false and misleading and that artificially inflated the price of AIG Common Stock. The alleged false and misleading statements relate to, among other things, the Subprime Exposure Issues. The consolidated complaint alleges violations of Sections 10(b) and 20(a) of the Exchange Act and Sections 11, 12(a)(2), and 15 of the Securities Act. On August 5, 2009, defendants filed motions to dismiss the consolidated complaint, and on September 27, 2010, the Court denied the motions to dismiss.
	On April 26, 2013, the Court granted a motion for judgment on the pleadings brought by the defendants. The Court’s order dismissed all claims against the outside auditors in their entirety, and it also reduced the scope of the Securities Act claims against AIG and defendants other than the outside auditors.
	On January 30, 2014, the Court stayed proceedings in the Consolidated 2008 Securities Litigation pending a decision in Halliburton Co. v. Erica P. John Fund, Inc., No. 13-317 (U.S. Nov. 15, 2013) (Halliburton II).
	On July 15, 2014, the parties accepted a mediator’s proposal to settle the Consolidated 2008 Securities Litigation for a cash payment by AIG of $960 million.  As part of the mediator's proposal accepted by the parties, the parties have also agreed that the mediator will retain authority to resolve any disputes, if they arise, with respect to the finalization of the settlement documentation.  The settlement remains subject to completion of definitive settlement documentation, notice to the class, and approval by the Court. The settlement amount has been accrued.
	Individual Securities Litigations. Between November 18, 2011 and September 16, 2013, nine separate, though similar, securities actions were filed asserting claims substantially similar to those in the Consolidated 2008 Securities Litigation against AIG and certain directors and officers of AIG and AIGFP (one such action also names as defendants AIG’s outside auditors and the underwriters of various securities offerings). These actions are now pending in the Southern District of New York. The Court stayed all proceedings in these actions pending a decision in Halliburton II, which was issued on June 23, 2014. The stay has been lifted and proceedings in the Individual Securities Litigations have resumed.
	We have accrued our current estimate of probable loss with respect to these litigations and other potential related litigations.
	ERISA Actions – Southern District of New York. Between June 25, 2008 and November 25, 2008, AIG, certain directors and officers of AIG, and members of AIG’s Retirement Board and Investment Committee were named as defendants in eight purported class action complaints asserting claims on behalf of participants in certain pension plans sponsored by AIG or its subsidiaries. The Court subsequently consolidated these eight actions as In re American International Group, Inc. ERISA Litigation II. On September 4, 2012, lead plaintiffs’ counsel filed a consolidated second amended complaint. The action purports to be brought as a class action under the Employee Retirement Income Security Act of 1974, as amended (ERISA), on behalf of all participants in or beneficiaries of certain benefit plans of AIG and its subsidiaries that offered shares of AIG Common Stock. In the consolidated second amended complaint, plaintiffs allege, among other things, that the defendants breached their fiduciary responsibilities to plan participants and their beneficiaries under ERISA, by continuing to offer the AIG Stock Fund as an investment option in the plans after it allegedly became imprudent to do so. The alleged ERISA violations relate to, among other things, the defendants’ purported failure to monitor and/or disclose certain matters, including the Subprime Exposure Issues.
	On November 20, 2012, defendants filed motions to dismiss the consolidated second amended complaint. On June 26, 2014, the Court issued an order denying defendants’ motions to dismiss in light of the U.S. Supreme Court’s decision in Fifth Third Bancorp v. Dudenhoeffer, No. 12-751 (U.S. June 25, 2014), which rejected the presumption of prudence in favor of ERISA fiduciaries that many courts had previously applied. The Court’s order requires the parties to meet and confer concerning the impact of the Fifth Third Bancorp case and the possibility of settlement, and sets a deadline of October 3, 2014 for defendants to answer or otherwise respond to the consolidated second amended complaint.
	As of August 4, 2014, discovery is ongoing, and the Court has not determined if a class action is appropriate or the size or scope of any class. As a result, we are unable to reasonably estimate the possible loss or range of losses, if any, arising from the litigation.
	Canadian Securities Class Action – Ontario Superior Court of Justice. On November 12, 2008, an application was filed in the Ontario Superior Court of Justice for leave to bring a purported class action against AIG, AIGFP, certain directors and officers of AIG and Joseph Cassano, the former Chief Executive Officer of AIGFP, pursuant to the Ontario Securities Act. If the Court grants the application, a class plaintiff will be permitted to file a statement of claim against defendants. The proposed statement of claim would assert a class period of March 16, 2006 through September 16, 2008 and would allege that during this period defendants made false and misleading statements and omissions in quarterly and annual reports and during oral presentations in violation of the Ontario Securities Act.
	On April 17, 2009, defendants filed a motion record in support of their motion to stay or dismiss for lack of jurisdiction and forum non conveniens. On July 12, 2010, the Court adjourned a hearing on the motion pending a decision by the Supreme Court of Canada in a pair of actions captioned Club Resorts Ltd. v. Van Breda 2012 SCC 17. On April 18, 2012, the Supreme Court of Canada clarified the standard for determining jurisdiction over foreign and out-of-province defendants, such as AIG, by holding that a defendant must have some form of “actual,” as opposed to a merely “virtual,” presence to be deemed to be “doing business” in the jurisdiction. The Supreme Court of Canada also suggested that in future cases, defendants may contest jurisdiction even when they are found to be doing business in a Canadian jurisdiction if their business activities in the jurisdiction are unrelated to the subject matter of the litigation. The matter has been stayed pending further developments in the Consolidated 2008 Securities Litigation.
	In plaintiff’s proposed statement of claim, plaintiff alleged general and special damages of $500 million and punitive damages of $50 million plus prejudgment interest or such other sums as the Court finds appropriate. As of August 4, 2014, the Court has not determined whether it has jurisdiction or granted plaintiff’s application to file a statement of claim, no merits discovery has occurred and the action has been stayed. As a result, we are unable to reasonably estimate the possible loss or range of losses, if any, arising from the litigation.
	Starr International Litigation
	On November 21, 2011, Starr International Company, Inc. (SICO) filed a complaint against the United States in the United States Court of Federal Claims (the Court of Federal Claims), bringing claims, both individually and on behalf of the classes defined below and derivatively on behalf of AIG (the SICO Treasury Action). The complaint challenges the government’s assistance of AIG, pursuant to which AIG entered into a credit facility with the Federal Reserve Bank of New York (the FRBNY, and such credit facility, the FRBNY Credit Facility) and the United States received an approximately 80 percent ownership in AIG. The complaint alleges that the interest rate imposed on AIG and the appropriation of approximately 80 percent of AIG’s equity was discriminatory, unprecedented, and inconsistent with liquidity assistance offered by the government to other comparable firms at the time and violated the Equal Protection, Due Process, and Takings Clauses of the U.S. Constitution.
	On November 21, 2011, SICO also filed a second complaint in the Southern District of New York against the FRBNY bringing claims, both individually and on behalf of all others similarly situated and derivatively on behalf of AIG (the SICO New York Action). This complaint also challenges the government’s assistance of AIG, pursuant to which AIG entered into the FRBNY Credit Facility and the United States received an approximately 80 percent ownership in AIG.
	In rulings dated July 2, 2012 and September 17, 2012, the Court of Federal Claims largely denied the United States’ motion to dismiss in the SICO Treasury Action.
	On November 19, 2012, the Southern District of New York granted the FRBNY’s motion to dismiss the SICO New York Action, on January 29, 2014, the Second Circuit affirmed the Southern District of New York’s dismissal of the SICO New York Action and, on June 30, 2014, the Supreme Court of the United States denied certiorari.
	In both of the actions commenced by SICO, the only claims naming AIG as a party (as a nominal defendant) are derivative claims on behalf of AIG. On September 21, 2012, SICO made a pre-litigation demand on our Board demanding that we pursue the derivative claims in both actions or allow SICO to pursue the claims on our behalf. On January 9, 2013, our Board unanimously refused SICO’s demand in its entirety and on January 23, 2013, counsel for the Board sent a letter to counsel for SICO describing the process by which our Board considered and refused SICO’s demand and stating the reasons for our Board’s determination.
	On March 11, 2013, SICO filed a second amended complaint in the SICO Treasury Action alleging that its demand was wrongfully refused. On June 26, 2013, the Court of Federal Claims granted AIG’s and the United States’ motions to dismiss SICO’s derivative claims in the SICO Treasury Action and denied the United States’ motion to dismiss SICO’s direct claims.
	On March 11, 2013, the Court of Federal Claims in the SICO Treasury Action granted SICO’s motion for class certification of two classes with respect to SICO’s non-derivative claims: (1) persons and entities who held shares of AIG Common Stock on or before September 16, 2008 and who owned those shares on September 22, 2008; and (2) persons and entities who owned shares of AIG Common Stock on June 30, 2009 and were eligible to vote those shares at AIG’s June 30, 2009 annual meeting of shareholders. SICO has provided notice of class certification to potential members of the classes, who, pursuant to a court order issued on April 25, 2013, had to return opt-in consent forms by September 16, 2013 to participate in either class. On November 15, 2013, SICO informed the Court that 286,892 holders of AIG Common Stock during the two class periods had opted into the classes.
	While no longer a party to these actions, AIG understands that SICO is seeking significant damages. Trial in the SICO Treasury Action is scheduled to begin in the Court of Federal Claims on September 29, 2014.
	The United States has alleged, as an affirmative defense in its answer, that AIG is obligated to indemnify the FRBNY and its representatives, including the Federal Reserve Board of Governors and the United States (as the FRBNY’s principal), for any recovery in the SICO Treasury Action, and seeks a contingent offset or recoupment for the value of net operating loss benefits the United States alleges that we received as a result of the government’s assistance. On November 8, 2013, the Court denied a motion by SICO to strike the United States’ affirmative defenses of indemnification and contingent offset or recoupment.
	A determination that the United States is liable for damages, together with a determination that AIG is obligated to indemnify the United States for any such damages, could have a material adverse effect on our business, consolidated financial condition and results of operations.
	False Claims Act Complaint
	On February 25, 2010, a complaint was filed in the United States District Court for the Southern District of California by two individuals (Relators) seeking to assert claims on behalf of the United States against AIG and certain other defendants, including Goldman Sachs and Deutsche Bank, under the False Claims Act. Relators filed a first amended complaint on September 30, 2010, adding certain additional defendants, including Bank of America and Société Générale. The first amended complaint alleged that defendants engaged in fraudulent business practices in respect of their activities in the over-the-counter market for collateralized debt obligations, and submitted false claims to the United States in connection with the FRBNY Credit Facility and Maiden Lane II LLC (ML II) and ML III entities (the Maiden Lane Interests) through, among other things, misrepresenting AIG’s ability and intent to repay amounts drawn on the FRBNY Credit Facility, and misrepresenting the value of the securities that the Maiden Lane Interests acquired from AIG and certain of its counterparties. The first amended complaint sought unspecified damages pursuant to the False Claims Act in the amount of three times the damages allegedly sustained by the United States as well as interest, attorneys’ fees, costs and expenses. The complaint and the first amended complaint were initially filed and maintained under seal while the United States considered whether to intervene in the action. On or about April 28, 2011, after the United States declined to intervene, the District Court lifted the seal, and Relators served the first amended complaint on AIG on July 11, 2011. On April 19, 2013, the Court granted AIG’s motion to dismiss, dismissing the first amended complaint in its entirety, without prejudice, giving the Relators the opportunity to file a second amended complaint. On May 24, 2013, the Relators filed a second amended complaint, which attempted to plead the same claims as the prior complaints and did not specify an amount of alleged damages. AIG and its co-defendants filed motions to dismiss the second amended complaint on August 9, 2013.On March 29, 2014, the Court dismissed the second amended complaint with prejudice. On April 30, 2014, the Relators filed a Notice of Appeal to the Ninth Circuit. We are unable to reasonably estimate the possible loss or range of losses, if any, arising from the litigation.
	Litigation Matters Relating to AIG’s Insurance Operations
	Caremark. AIG and certain of its subsidiaries have been named defendants in two putative class actions in state court in Alabama that arise out of the 1999 settlement of class and derivative litigation involving Caremark Rx, Inc. (Caremark). The plaintiffs in the second-filed action intervened in the first-filed action, and the second-filed action was dismissed. An excess policy issued by a subsidiary of AIG with respect to the 1999 litigation was expressly stated to be without limit of liability. In the current actions, plaintiffs allege that the judge approving the 1999 settlement was misled as to the extent of available insurance coverage and would not have approved the settlement had he known of the existence and/or unlimited nature of the excess policy. They further allege that AIG, its subsidiaries, and Caremark are liable for fraud and suppression for misrepresenting and/or concealing the nature and extent of coverage.
	The complaints filed by the plaintiffs and the intervenors request compensatory damages for the 1999 class in the amount of $3.2 billion, plus punitive damages. AIG and its subsidiaries deny the allegations of fraud and suppression, assert that information concerning the excess policy was publicly disclosed months prior to the approval of the settlement, that the claims are barred by the statute of limitations, and that the statute cannot be tolled in light of the public disclosure of the excess coverage. The plaintiffs and intervenors, in turn, have asserted that the disclosure was insufficient to inform them of the nature of the coverage and did not start the running of the statute of limitations.
	On August 15, 2012, the trial court entered an order granting plaintiffs’ motion for class certification. AIG and the other defendants have appealed that order to the Alabama Supreme Court, and the case in the trial court will be stayed until that appeal is resolved. General discovery has not commenced and AIG is unable to reasonably estimate the possible loss or range of losses, if any, arising from the litigation.
	Regulatory and Related Matters
	In connection with a multi-state examination of certain accident and health products, including travel products, issued by National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), AIG Property Casualty Inc. (formerly Chartis Inc.), on behalf of itself, National Union, and certain of AIG Property Casualty Inc.’s insurance and non-insurance companies (collectively, the AIG PC parties) entered into a Regulatory Settlement Agreement with regulators from 50 U.S. jurisdictions effective November 29, 2012. Under the agreement, and without admitting any liability for the issues raised in the examination, the AIG PC parties (i) paid a civil penalty of $50 million, (ii) entered into a corrective action plan describing agreed-upon specific steps and standards for evaluating the AIG PC parties’ ongoing compliance with laws and regulations governing the issues identified in the examination, and (iii) agreed to pay a contingent fine in the event that the AIG PC parties fail to satisfy certain terms of the corrective action plan. National Union and other AIG companies are also currently subject to civil litigation relating to the conduct of their accident and health business, and may be subject to additional litigation relating to the conduct of such business from time to time in the ordinary course. There can be no assurance that any regulatory action resulting from the issues identified will not have a material adverse effect on our ongoing operations of the business subject to the agreement, or on similar business written by other AIG carriers.
	Industry-wide examinations conducted by the Minnesota Department of Insurance and the Department of Housing and Urban Development (HUD) on captive reinsurance practices by lenders and mortgage insurance companies, including UGC, have been ongoing for several years. In 2011, the Consumer Financial Protection Bureau (CFPB) assumed responsibility for violations of the Real Estate Settlement Procedures Act from HUD, and assumed HUD’s aforementioned ongoing investigation. UGC and the CFPB reached a settlement, entered on April 8, 2013 by the United States District Court for the Southern District of Florida, where UGC consented to discontinue its remaining captive reinsurance practices and to pay a civil monetary penalty of $4.5 million to the CFPB. The settlement includes a release for all liability related to UGC’s captive reinsurance practices and resolves the CFPB’s investigation. On January 31, 2014, PHH Corp. and various affiliates (all non-parties to the action and the consent order), filed a motion to reopen the case and to intervene therein for the limited purpose of obtaining a declaratory judgment enforcing the consent order. UGC opposed this request, and on March 10, 2014, the Court denied PHH Corp.’s motion. PHH Corp. has filed a Notice of Appeal to the Eleventh Circuit.
	UGC has received a proposed consent order from the Minnesota Commissioner of Commerce (the MN Commissioner) which alleges that UGC violated the Real Estate Settlement Procedures Act, the Fair Credit Reporting Act and other state and federal laws in connection with its practices with captive reinsurance companies owned by lenders. UGC is engaged in discussions with the MN Commissioner with respect to the terms of the proposed consent order. UGC cannot predict if or when a consent order may be entered into or, if entered into, what the terms of the final consent order will be. UGC is also currently subject to civil litigation relating to its placement of reinsurance with captives owned by lenders, and may be subject to additional litigation relating to the conduct of such business from time to time in the ordinary course.
	AIG is responding to subpoenas from the New York Department of Financial Services (NYDFS) and the Manhattan District Attorney’s Office (NYDA) relating to AIG’s formerly wholly owned subsidiaries, ALICO and Delaware American Life Insurance Company (DelAm), and other related business units, which were sold by AIG to MetLife in November 2010.  The inquiries relate to whether ALICO, DelAm and their representatives conducted insurance business in New York over an extended period of time without a license, and whether certain representations by ALICO concerning its activities in New York were accurate. On or about March 31, 2014, a consent order between MetLife and the NYDFS, whereby MetLife agreed to pay $50 million, and a deferred prosecution agreement with the NYDA, whereby MetLife agreed to pay $10 million, were announced. AIG was not a party to either settlement. The consent order between the NYDFS and MetLife made certain findings, including that former AIG subsidiaries and affiliates conducted insurance business in New York without a license and that ALICO, while operating as a subsidiary of AIG, made misrepresentations and omissions concerning its insurance business activities in New York to NYDFS’s predecessor agency, the New York State Department of Insurance.  The NYDFS also found in the consent order that AIG had violated the New York Insurance Law. On April 3, 2014, AIG filed a complaint against the NYDFS and NYDFS Superintendent Benjamin Lawsky in the Southern District of New York, seeking declaratory and injunctive relief on the basis that the NYDFS’s interpretation of the New York Insurance Law is unconstitutional under the Due Process and Commerce Clauses, as well as the First Amendment, of the U.S. Constitution. AIG filed an amended complaint on June 2, 2014. Defendants moved to dismiss the amended complaint on June 20, 2014.
	On May 12, 2010, a complaint was filed under seal in the Southern District of New York by an individual (Relator) seeking to assert claims on behalf of the United States against AIG under the False Claims Act. The Relator filed also under seal a first amended complaint on July 28, 2011. The complaint and the first amended complaint were initially filed and maintained under seal while the United States considered whether to intervene in the action, and on or about October 29, 2013, after the United States declined to intervene, the District Court ordered the complaint be unsealed 30 days after the entry of the order. The case, however, was not unsealed until May 9, 2014. The Relator thereafter served his second amended complaint on AIG on May 23, 2014. The second amended complaint alleges that AIG made false statements relevant to the valuation of two of its former subsidiaries, ALICO and American International Assurance Limited (AIA), in connection with agreements under which interests in those subsidiaries were transferred to the FRBNY in exchange for a $25 billion decrease in the amount owed to the FRBNY under the FRBNY Credit Facility. Specifically, it alleges that AIG falsely told the federal government that ALICO and AIA had the licenses they needed to conduct their business and were in compliance with applicable laws and regulations. AIG’s response to the second amended complaint is due on September 22, 2014.
	A state regulatory agency has requested additional information relating to the unwinding of a position on which we realized gains of $196 million in the three- and six-month periods ended June 30, 2014.
	Legal Reserves
	We recorded increases in our legal reserve liability of $491 million and $498 million in the three- and six-month periods ended June 30, 2014, respectively.
	Other Commitments
	In the normal course of business, we enter into commitments to invest in limited partnerships, private equity funds and hedge funds and to purchase and develop real estate in the U.S. and abroad. These commitments totaled $2.6 billion at June 30, 2014.
	Guarantees
	Subsidiaries
	We have issued unconditional guarantees with respect to the prompt payment, when due, of all present and future payment obligations and liabilities of AIGFP and of AIG Markets arising from transactions entered into by AIG Markets.
	In connection with AIGFP’s business activities, AIGFP has issued, in a limited number of transactions, standby letters of credit or similar facilities to equity investors of structured leasing transactions in an amount equal to the termination value owing to the equity investor by the lessee in the event of a lessee default (the equity termination value). The total amount outstanding at June 30, 2014 was $240 million. In those transactions, AIGFP has agreed to pay such amount if the lessee fails to pay. The amount payable by AIGFP is, in certain cases, partially offset by amounts payable under other instruments typically equal to the present value of scheduled payments to be made by AIGFP. In the event that AIGFP is required to make a payment to the equity investor, the lessee is unconditionally obligated to reimburse AIGFP. To the extent that the equity investor is paid the equity termination value from the standby letter of credit and/or other sources, including payments by the lessee, AIGFP takes an assignment of the equity investor’s rights under the lease of the underlying property. Because the obligations of the lessee under the lease transactions are generally economically defeased, lessee bankruptcy is the most likely circumstance in which AIGFP would be required to pay without reimbursement.
	Asset Dispositions
	General
	We are subject to financial guarantees and indemnity arrangements in connection with the completed sales of businesses pursuant to our asset disposition plan. The various arrangements may be triggered by, among other things, declines in asset values, the occurrence of specified business contingencies, the realization of contingent liabilities, developments in litigation or breaches of representations, warranties or covenants provided by us. These arrangements are typically subject to various time limitations, defined by the contract or by operation of law, such as statutes of limitation. In some cases, the maximum potential obligation is subject to contractual limitations, while in other cases such limitations are not specified or are not applicable.
	We are unable to develop a reasonable estimate of the maximum potential payout under certain of these arrangements. Overall, we believe that it is unlikely we will have to make any material payments related to completed sales under these arrangements, and no material liabilities related to these arrangements have been recorded in the Condensed Consolidated Balance Sheets.
	ALICO Sale
	Pursuant to the terms of the ALICO stock purchase agreement, we agreed to provide MetLife with certain indemnities. The most significant remaining indemnities include indemnifications related to specific product, investment, litigation and other matters that are excluded from the general representations and warranties indemnity. These indemnifications provide for various deductible amounts, which in certain cases are zero, and maximum exposures, which in certain cases are unlimited, and may extend for various periods after the completion of the sale.
	In connection with the indemnity obligations described above, approximately $19 million of proceeds from the sale of ALICO remained in escrow as of June 30, 2014.
	Other
	See Note 4 for a discussion about the AerCap Revolving Credit Facility.
	See Note 8 for commitments and guarantees associated with VIEs.
See Note 9 for disclosures about derivatives.
See Note 16 for additional disclosures about guarantees of outstanding debt.
Other Contingencies
Liability for unpaid claims and claims adjustment expense
Although we regularly review the adequacy of the established Liability for unpaid claims and claims adjustment expense, there can be no assurance that our loss reserves will not develop adversely and have a material adverse effect on our results of operations. Estimation of ultimate net losses, loss expenses and loss reserves is a complex process, particularly for long-tail casualty lines of business, which include, but are not limited to, general liability, commercial automobile liability, environmental, workers’ compensation, excess casualty and crisis management coverages, insurance and risk management programs for large corporate customers and other customized structured insurance products, as well as excess and umbrella liability, directors and officers and products liability. Generally, actual historical loss development factors are used to project future loss development. However, there can be no assurance that future loss development patterns will be the same as in the past. Moreover, any deviation in loss cost trends or in loss development factors might not be identified for an extended period of time subsequent to the recording of the initial loss reserve estimates for any accident year. There is the potential for reserves with respect to a number of years to be significantly affected by changes in loss cost trends or loss development factors that were relied upon in setting the reserves. These changes in loss cost trends or loss development factors could be attributable to changes in global economic conditions, changes in the legal, regulatory, judicial and social environment, changes in medical cost trends (inflation, intensity and utilization of medical services), underlying policy pricing, terms and conditions, and claims handling practices.

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2014
EQUITY	'
EQUITY	'
	11. EQUITY
	Shares Outstanding
	The following table presents a rollforward of outstanding shares:
		Common	Treasury	Common Stock
		Stock Issued	Stock	Outstanding
	Six Months Ended June 30, 2014
	Shares, beginning of year	1,906,645,689	-442,582,366	1,464,063,323
	Shares issued	16,873	-	16,873
	Shares repurchased	-	-35,504,806	-35,504,806
	Shares, end of period	1,906,662,562	-478,087,172	1,428,575,390
	Dividends
	Payment of future dividends to our shareholders and repurchases of AIG Common Stock depends in part on the regulatory framework that we are currently subject to and that will ultimately be applicable to us, including as a nonbank systemically important financial institution under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) and a global systemically important insurer. In addition, dividends are payable on AIG Common Stock only when, as and if declared by our Board of Directors in its discretion, from funds legally available therefor. In considering whether to pay a dividend or purchase shares of AIG Common Stock, our Board of Directors considers a number of factors, including, but not limited to: the capital resources available to support our core insurance operations and business strategies, AIG’s funding capacity and capital resources in comparison to internal benchmarks, expectations for capital generation, rating agency expectations for capital, regulatory standards for capital and capital distributions, and such other factors as our Board of Directors may deem relevant.
	On March 25, 2014, AIG paid a dividend of $0.125 per share on AIG Common Stock to shareholders of record on March 11, 2014. On June 24, 2014, AIG paid a dividend of $0.125 per share on AIG Common Stock to shareholders of record on June 10, 2014.
	See Note 19 to the Consolidated Financial Statements in the 2013 Annual Report for a discussion of restrictions on payments of dividends to AIG Parent by its subsidiaries.
	Repurchase of AIG Common Stock
	On August 1, 2013, our Board of Directors authorized the repurchase of shares of AIG Common Stock, with an aggregate purchase price of up to $1.0 billion, from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions or otherwise. On February 13, 2014, our Board of Directors authorized an increase to the August 1, 2013 repurchase authorization of AIG Common Stock by $1.0 billion. On June 5, 2014, our Board of Directors authorized an additional increase to the August 1, 2013 repurchase authorization of AIG Common Stock by $2.0 billion, resulting in an aggregate remaining authorization at such time of approximately $2.1 billion of AIG Common Stock.
	During the six-month period ended June 30, 2014, we repurchased approximately 36 million shares of AIG Common Stock for an aggregate purchase price of approximately $1.9 billion pursuant to this authorization, resulting in a remaining authorization of approximately $1.5 billion at June 30, 2014.
	In the second quarter of 2014, we executed an accelerated stock repurchase (ASR) agreement with a third-party financial institution. The total number of shares of AIG Common stock repurchased in the first half of 2014, and the aggregate purchase price of those shares, each as set forth above, reflect our payment of $300 million to the financial institution under the ASR agreement and our initial receipt of 70 percent of the total notional share equivalent, or approximately 3.8 million shares of AIG Common Stock. The ASR agreement settled with the financial institution in July 2014, at which time we received approximately 1.7 million additional shares of AIG Common Stock based on a formula specified by the terms of the ASR agreement.
	The timing of any future repurchases will depend on market conditions, our financial condition, results of operations, liquidity and other factors.
	Accumulated Other Comprehensive Income
	The following table presents a rollforward of Accumulated other comprehensive income:
			Unrealized Appreciation
			(Depreciation) of Fixed
			Maturity Investments		Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Change in Retirement Plan Liabilities Adjustment
			on Which Other-Than-
			Temporary Credit
	(in millions)		investments								Total
	Balance, December 31, 2013, net of tax	$	936	$	6,789	$	-952	$	-413	$	6,360
	Change in unrealized appreciation of investments		199		7,517		-		-		7,716
	Change in deferred acquisition costs adjustment and other		36		-629		-		-		-593
	Change in future policy benefits		-143		-1,185		-		-		-1,328
	Change in foreign currency translation adjustments		-		-		-29		-		-29
	Net actuarial gain		-		-		-		37		37
	Prior service cost		-		-		-		-24		-24
	Change in deferred tax asset (liability)		23		-563		-82		-6		-628
	Total other comprehensive income (loss)		115		5,140		-111		7		5,151
	Noncontrolling interests		-		-		-		-		-
	Balance, June 30, 2014, net of tax	$	1,051	$	11,929	$	-1,063	$	-406	$	11,511
	Balance, December 31, 2012, net of tax	$	575	$	13,446	$	-403	$	-1,044	$	12,574
	Change in unrealized appreciation (depreciation) of investments		355		-11,632		-		-		-11,277
	Change in deferred acquisition costs adjustment and other		-87		630		-		-		543
	Change in future policy benefits		49		2,491		-		-		2,540
	Change in foreign currency translation adjustments		-		-		-566		-		-566
	Net actuarial gain		-		-		-		104		104
	Prior service cost		-		-		-		-27		-27
	Change in deferred tax asset (liability)		-122		3,277		-12		-16		3,127
	Total other comprehensive income (loss)		195		-5,234		-578		61		-5,556
	Noncontrolling interests		-		-16		-5		-		-21
	Balance, June 30, 2013, net of tax	$	770	$	8,228	$	-976	$	-983	$	7,039
	The following table presents the other comprehensive income reclassification adjustments for the three- and six-month periods ended June 30, 2014 and 2013:
			Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Recognized
					Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Change in Retirement Plan Liabilities Adjustment
	(in millions)										Total
	Three Months Ended June 30, 2014
	Unrealized change arising during period	$	21	$	2,909	$	73	$	10	$	3,013
	Less: Reclassification adjustments
	included in net income		10		165		-		-1		174
	Total other comprehensive income (loss),
	before income tax expense (benefit)		11		2,744		73		11		2,839
	Less: Income tax expense (benefit)		-15		389		26		13		413
	Total other comprehensive income (loss),
	net of income tax expense (benefit)	$	26	$	2,355	$	47	$	-2	$	2,426
	Three Months Ended June 30, 2013
Unrealized change arising during period	$	-102	$	-6,854	$	-273	$	8	$	-7,221
Less: Reclassification adjustments
included in net income		6		152		-		-26		132
Total other comprehensive income (loss),
before income tax expense (benefit)		-108		-7,006		-273		34		-7,353
Less: Income tax expense (benefit)		-21		-2,560		32		17		-2,532
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	-87	$	-4,446	$	-305	$	17	$	-4,821
Six Months Ended June 30, 2014
Unrealized change arising during period	$	110	$	6,097	$	-29	$	11	$	6,189
Less: Reclassification adjustments
included in net income		18		394		-		-2		410
Total other comprehensive income (loss),
before income tax expense (benefit)		92		5,703		-29		13		5,779
Less: Income tax expense (benefit)		-23		563		82		6		628
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	115	$	5,140	$	-111	$	7	$	5,151
Six Months Ended June 30, 2013
Unrealized change arising during period	$	372	$	-8,132	$	-566	$	26	$	-8,300
Less: Reclassification adjustments
included in net income		55		379		-		-51		383
Total other comprehensive income (loss),
before income tax expense (benefit)		317		-8,511		-566		77		-8,683
Less: Income tax expense (benefit)		122		-3,277		12		16		-3,127
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	195	$	-5,234	$	-578	$	61	$	-5,556
The following table presents the effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Condensed Consolidated Statements of Income:
	Amount Reclassified from Accumulated Other Comprehensive Income						Affected Line Item in the Consolidated Statements of Income
	Three Months Ended June 30,
(in millions)		2014		2013
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
Investments		$	10	$	6			Other realized capital gains
Total			10		6			-
Unrealized appreciation (depreciation) of all other investments
Investments			207		1,306			Other realized capital gains
Deferred acquisition costs adjustment			-30		-37			Amortization of deferred acquisition costs
Future policy benefits			-12		-1,117			Policyholder benefits and claims incurred
Total			165		152
Change in retirement plan liabilities adjustment
Prior-service costs			12		10			*
Actuarial gains/(losses)			-13		-36			*
Total			-1		-26
Total reclassifications for the period		$	174	$	132
	Amount Reclassified from Accumulated Other Comprehensive Income						Affected Line Item in the Consolidated Statements of Income
	Six Months Ended June 30,
(in millions)		2014		2013
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
Investments		$	18	$	55			Other realized capital gains
Total			18		55
Unrealized appreciation (depreciation) of all other investments
Investments			411		1,592			Other realized capital gains
Deferred acquisition costs adjustment			5		6			Amortization of deferred acquisition costs
Future policy benefits			-22		-1,219			Policyholder benefits and claims incurred
Total			394		379
Change in retirement plan liabilities adjustment
Prior-service costs			24		22			*
Actuarial gains/(losses)			-26		-73			*
Total			-2		-51			-
Total reclassifications for the period		$	410	$	383			-
* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 14 to the Condensed Consolidated Financial Statements.

NONCONTROLLING_INTERESTS

NONCONTROLLING INTERESTS	6 Months Ended
	Jun. 30, 2014
NONCONTROLLING INTERESTS	'
NONCONTROLLING INTERESTS	'
	12. NONCONTROLLING INTERESTS
	The following table presents a rollforward of noncontrolling interests:
			Redeemable		Non-redeemable
			Noncontrolling		Noncontrolling
	(in millions)		Interests		Interests
	Six Months Ended June 30, 2014
	Balance, beginning of year	$	30	$	611
	Contributions from noncontrolling interests		1		9
	Distributions to noncontrolling interests		-		-37
	Deconsolidation		-31		-127
	Comprehensive income (loss):
	Net income (loss)		-		-34
	Total comprehensive income (loss)		-		-34
	Other		-		-2
	Balance, end of period	$	-	$	420
	Six Months Ended June 30, 2013
	Balance, beginning of year	$	334	$	667
	Contributions from noncontrolling interests		48		13
	Distributions to noncontrolling interests		-144		-31
	Consolidation (deconsolidation)		-145		1
	Comprehensive income (loss):
	Net income		4		48
	Unrealized losses on investments		-15		-
	Foreign currency translation adjustments		-2		-4
	Total other comprehensive
	loss, net of tax		-17		-4
	Total comprehensive income (loss)		-13		44
	Other		-		-2
	Balance, end of period	$	80	$	692

EARNINGS_PER_SHARE_EPS

EARNINGS PER SHARE (EPS)	6 Months Ended
	Jun. 30, 2014
EARNINGS PER SHARE (EPS)	'
EARNINGS PER SHARE (EPS)	'
	13. EARNINGS PER SHARE (EPS)
	The basic EPS computation is based on the weighted average number of common shares outstanding, adjusted to reflect all stock dividends and stock splits. The diluted EPS computation is based on those shares used in the basic EPS computation plus shares that would have been outstanding assuming issuance of common shares for all dilutive potential common shares outstanding, and adjusted to reflect all stock dividends and stock splits.
	The following table presents the computation of basic and diluted EPS:
		Three Months Ended				Six Months Ended
		June 30,				June 30,
	(dollars in millions, except per share data)		2014		2013		2014		2013
	Numerator for EPS:
	Income from continuing operations	$	3,006	$	2,740	$	4,665	$	4,898
	Less: Net income (loss) from continuing operations attributable to noncontrolling interests		-37		27		-34		52
	Income attributable to AIG common shareholders from continuing operations		3,043		2,713		4,699		4,846
	Income (loss) from discontinued operations, net of income tax expense		30		18		-17		91
	Net income attributable to AIG common shareholders		3,073		2,731		4,682		4,937
	Denominator for EPS:
	Weighted average shares outstanding - basic		1,442,397,111		1,476,512,720		1,450,776,629		1,476,491,719
	Dilutive shares		22,279,219		5,733,898		17,587,654		2,970,893
	Weighted average shares outstanding - diluted*		1,464,676,330		1,482,246,618		1,468,364,283		1,479,462,612
	Income per common share attributable to AIG:
	Basic:
	Income from continuing operations	$	2.11	$	1.84	$	3.24	$	3.28
	Income (loss) from discontinued operations	$	0.02	$	0.01	$	-0.01	$	0.06
	Net income attributable to AIG	$	2.13	$	1.85	$	3.23	$	3.34
	Diluted:
	Income from continuing operations	$	2.08	$	1.83	$	3.2	$	3.27
	Income (loss) from discontinued operations	$	0.02	$	0.01	$	-0.01	$	0.06
	Net income attributable to AIG	$	2.1	$	1.84	$	3.19	$	3.33
	* Dilutive shares are calculated using the treasury stock method and include dilutive shares from share-based employee compensation plans, a weighted average portion of the warrants issued to AIG shareholders as part of the recapitalization in January 2011 and a weighted average portion of the warrants issued to the Department of the Treasury in 2009 that we repurchased in the first quarter of 2013. The number of shares excluded from diluted shares outstanding was 0.3 million for both the three- and six-month periods ended June 30, 2014, and 75 million and 76 million for the three- and six-month periods ended June 30, 2013, respectively, because the effect of including those shares in the calculation would have been anti-dilutive.

EMPLOYEE_BENEFITS

EMPLOYEE BENEFITS	6 Months Ended
	Jun. 30, 2014
EMPLOYEE BENEFITS	'
EMPLOYEE BENEFITS	'
	14. EMPLOYEE BENEFITS
	The following table presents the components of net periodic benefit cost with respect to pensions and other postretirement benefits:
		Pension						Postretirement
			U.S.		Non-U.S.				U.S.		Non-U.S.
	(in millions)		Plans		Plans		Total		Plans		Plans		Total
	Three Months Ended June 30, 2014
	Components of net periodic benefit cost:
	Service cost	$	44	$	10	$	54	$	1	$	1	$	2
	Interest cost		57		8		65		3		-		3
	Expected return on assets		-71		-5		-76		-		-		-
	Amortization of prior service (credit) cost		-9		-		-9		-3		-		-3
	Amortization of net (gain) loss		11		2		13		-		-		-
	Net periodic benefit cost	$	32	$	15	$	47	$	1	$	1	$	2
	Three Months Ended June 30, 2013
	Components of net periodic benefit cost:
	Service cost	$	44	$	12	$	56	$	2	$	1	$	3
	Interest cost		49		7		56		2		1		3
	Expected return on assets		-64		-5		-69		-		-		-
	Amortization of prior service (credit) cost		-9		-		-9		-2		-		-2
	Amortization of net (gain) loss		33		3		36		-		-		-
	Net periodic benefit cost	$	53	$	17	$	70	$	2	$	2	$	4
	Six Months Ended June 30, 2014
	Components of net periodic benefit cost:
	Service cost	$	88	$	21	$	109	$	2	$	1	$	3
	Interest cost		114		15		129		5		1		6
	Expected return on assets		-142		-11		-153		-		-		-
	Amortization of prior service (credit) cost		-17		-1		-18		-5		-		-5
	Amortization of net (gain) loss		22		4		26		-		-		-
	Net periodic benefit cost	$	65	$	28	$	93	$	2	$	2	$	4
	Six Months Ended June 30, 2013
	Components of net periodic benefit cost:
	Service cost	$	88	$	24	$	112	$	3	$	2	$	5
	Interest cost		98		15		113		4		1		5
	Expected return on assets		-129		-10		-139		-		-		-
	Amortization of prior service (credit) cost		-17		-1		-18		-5		-		-5
	Amortization of net (gain) loss		66		6		72		1		-		1
	Net periodic benefit cost	$	106	$	34	$	140	$	3	$	3	$	6
	For the six-month period ended June 30, 2014, we contributed $110 million to our U.S. and non-U.S. pension plans and estimate that we will contribute an additional $67 million for the remainder of 2014. These estimates are subject to change because contribution decisions are affected by various factors, including our liquidity, market performance and management discretion.

INCOME_TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2014
INCOME TAXES	'
INCOME TAXES	'
	15. INCOME TAXES
	Interim Tax Calculation Method
	We use the estimated annual effective tax rate method in computing our interim tax provision. Certain items, including those deemed to be unusual, infrequent or that cannot be reliably estimated, are excluded from the estimated annual effective tax rate. In these cases, the actual tax expense or benefit is reported in the same period as the related item. Certain tax effects are also not reflected in the estimated annual effective tax rate, primarily certain changes in the realizability of deferred tax assets and uncertain tax positions.
	Interim Tax Expense (Benefit)
	For the three- and six-month periods ended June 30, 2014, the effective tax rate on income from continuing operations was 32.9 percent and 30.9 percent, respectively. The effective tax rate for the three- and six-month periods ended June 30, 2014 on income from continuing operations differs from the statutory tax rate of 35 percent primarily due to tax benefits associated with tax exempt interest income and a decrease in AIG Life and Retirement’s capital loss carryforward valuation allowance.
	For the three- and six-month periods ended June 30, 2013, the effective tax rate on income from continuing operations was 13.4 percent and 18.9 percent, respectively. The effective tax rate for the three- and six-month periods ended June 30, 2013 on income from continuing operations differs from the statutory tax rate of 35 percent primarily due to tax benefits associated with tax exempt interest income and a decrease in the AIG Life and Retirement’s capital loss carryforward valuation allowance related to the actual and projected gains on sales of AIG Life and Retirement’s available-for-sale securities. For the six-month period ended June 30, 2013, these items were partially offset by changes in uncertain tax positions.
	Assessment of Deferred Tax Asset Valuation Allowance
	The evaluation of the recoverability of our deferred tax asset and the need for a valuation allowance requires us to weigh all positive and negative evidence to reach a conclusion that it is more likely than not that all or some portion of the deferred tax asset will not be realized. The weight given to the evidence is commensurate with the extent to which it can be objectively verified. The more negative evidence that exists, the more positive evidence is necessary and the more difficult it is to support a conclusion that a valuation allowance is not needed.
	Our framework for assessing the recoverability of the deferred tax asset requires us to consider all available evidence, including:
	the nature, frequency, and amount of cumulative financial reporting income and losses in recent years;
	the sustainability of recent operating profitability of our subsidiaries;
	the predictability of future operating profitability of the character necessary to realize the net deferred tax asset;
	the carryforward period for the net operating loss, capital loss and foreign tax credit carryforwards, including the effect of reversing taxable temporary differences; and
	prudent and feasible actions and tax planning strategies that would be implemented, if necessary, to protect against the loss of the deferred tax asset.
	As a result of sales in the ordinary course of business to manage our investment portfolio, the implementation of prudent and feasible tax planning strategies and changes in market conditions, during the three month period ended June 30, 2014, certain AIG Life and Retirement capital loss carryforwards were realized prior to their expiration.
	For the three-month period ended June 30, 2014, we recognized a $659 million decrease to our deferred tax asset valuation allowance associated with AIG Life and Retirement’s capital loss carryforwards and unrealized tax losses in AIG Life and Retirement’s available for sale portfolio, of which $77 million was allocated to income from continuing operations and $582 million was allocated to other comprehensive income.
	For the six-month period ended June 30, 2014, we recognized a $1.6 billion decrease to our deferred tax asset valuation allowance associated with AIG Life and Retirement’s capital loss carryforwards and unrealized tax losses in AIG Life and Retirement’s available for sale portfolio, of which $139 million was allocated to income from continuing operations and $1.5 billion was allocated to other comprehensive income.
	Tax Examinations and Litigation
	On March 29, 2013, the U.S District Court for the Southern District of New York denied our motion for partial summary judgment related to the disallowance of foreign tax credits associated with cross border financing transactions. On March 17, 2014, the U.S. Court of Appeals for the Second Circuit (the Second Circuit) granted our petition for an immediate appeal of the partial summary judgment decision.  Accordingly, we are presenting our position to the Second Circuit.
	We will vigorously defend our position and continue to believe that we have adequate reserves for any liability that could result from the IRS actions.
	We continue to monitor legal and other developments in this area and evaluate the effect, if any, on our position, including recent decisions affecting other taxpayers.
	Accounting for Uncertainty in Income Taxes
	At June 30, 2014 and December 31, 2013, our unrecognized tax benefits, excluding interest and penalties, were $4.5 billion and $4.3 billion, respectively. At June 30, 2014 and December 31, 2013, our unrecognized tax benefits included $0.2 billion and $0.1 billion, respectively, related to tax positions that if recognized would not affect the effective tax rate because they relate to the timing, rather than the permissibility, of the deduction. Accordingly, at June 30, 2014 and December 31, 2013, the amounts of unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate were $4.3 billion and $4.2 billion, respectively.
	Interest and penalties related to unrecognized tax benefits are recognized in income tax expense. At June 30, 2014 and December 31, 2013, we had accrued liabilities of $1.0 billion and $1.1 billion, respectively, for the payment of interest (net of the federal benefit) and penalties. For the six month periods ended June 30, 2014 and 2013, we accrued expense (benefit) of $(62) million and $78 million, respectively, for the payment of interest (net of the federal benefit) and penalties.
	We regularly evaluate adjustments proposed by taxing authorities. At June 30, 2014, such proposed adjustments would not have resulted in a material change to our consolidated financial condition, although it is possible that the effect could be material to our consolidated results of operations for an individual reporting period. Although it is reasonably possible that a change in the balance of unrecognized tax benefits may occur within the next 12 months, based on the information currently available, we do not expect any change to be material to our consolidated financial condition.

INFORMATION_PROVIDED_IN_CONNEC

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT	6 Months Ended
	Jun. 30, 2014
INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT	'
INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT	'
	16. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT
	The following condensed consolidating financial statements reflect the results of AIG Life Holdings, Inc. (AIGLH), a holding company and a wholly owned subsidiary of AIG. AIG provides a full and unconditional guarantee of all outstanding debt of AIGLH.
	Condensed Consolidating Balance Sheets
			American
			International					Reclassifications
			Group, Inc.				Other		and	Consolidated
	(in millions)	(As Guarantor)		AIGLH			Subsidiaries		Eliminations		AIG
	30-Jun-14
	Assets:
	Short-term investments	$	12,892	$	-	$	9,313	$	-1,317	$	20,888
	Other investments(a)		11,025		-		338,063		-		349,088
	Total investments		23,917		-		347,376		-1,317		369,976
	Cash		160		2		1,665		-		1,827
	Loans to subsidiaries(b)		31,880		-		727		-32,607		-
	Investment in consolidated subsidiaries(b)		67,728		40,069		-		-107,797		-
	Other assets, including deferred income taxes		22,512		83		137,130		-2,419		157,306
	Total assets	$	146,197	$	40,154	$	486,898	$	-144,140	$	529,109
	Liabilities:
	Insurance liabilities	$	-	$	-	$	274,370	$	-	$	274,370
	Long-term debt		27,602		1,296		9,516		-		38,414
	Other liabilities, including intercompany balances(a)(c)		9,628		113		101,682		-3,679		107,744
	Loans from subsidiaries(b)		806		100		31,794		-32,700		-
	Total liabilities		38,036		1,509		417,362		-36,379		420,528
	Redeemable noncontrolling interests (see Note 12)		-		-		-		-		-
	Total AIG shareholders’ equity		108,161		38,645		69,116		-107,761		108,161
	Non-redeemable noncontrolling interests		-		-		420		-		420
	Total equity		108,161		38,645		69,536		-107,761		108,581
	Total liabilities and equity	$	146,197	$	40,154	$	486,898	$	-144,140	$	529,109
	31-Dec-13
	Assets:
	Short-term investments	$	11,965	$	-	$	11,404	$	-1,752	$	21,617
	Other investments(a)		7,561		-		327,250		-		334,811
	Total investments		19,526		-		338,654		-1,752		356,428
	Cash		30		51		2,160		-		2,241
	Loans to subsidiaries(b)		31,220		-		854		-32,074		-
	Investment in consolidated subsidiaries(b)		66,201		39,103		-		-105,304		-
	Other assets, including deferred income taxes		21,606		112		132,492		-1,086		153,124
	Assets held for sale		-		-		29,536		-		29,536
	Total assets	$	138,583	$	39,266	$	503,696	$	-140,216	$	541,329
	Liabilities:
	Insurance liabilities	$	-	$	-	$	271,252	$	-	$	271,252
	Long-term debt		30,839		1,352		9,502		-		41,693
	Other liabilities, including intercompany balances(a)(c)		6,422		161		98,908		-2,766		102,725
	Loans from subsidiaries(b)		852		200		31,173		-32,225		-
	Liabilities held for sale		-		-		24,548		-		24,548
	Total liabilities		38,113		1,713		435,383		-34,991		440,218
	Redeemable noncontrolling interests (see Note 12)		-		-		30		-		30
	Total AIG shareholders’ equity		100,470		37,553		67,672		-105,225		100,470
	Non-redeemable noncontrolling interests		-		-		611		-		611
	Total equity		100,470		37,553		68,283		-105,225		101,081
	Total liabilities and equity	$	138,583	$	39,266	$	503,696	$	-140,216	$	541,329
	(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment.
	(b) Eliminated in consolidation.
	(c) For June 30, 2014 and December 31, 2013, includes intercompany tax payable of $2.9 billion and $1.4 billion, respectively, and intercompany derivative liabilities of $229 million and $249 million, respectively, for American International Group, Inc. (As Guarantor) and intercompany tax receivable (payable) of $ (19) million and $98 million, respectively, for AIGLH.
	Condensed Consolidating Statements of Income
			American
			International						Reclassifications
			Group, Inc.				Other		and		Consolidated
	(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
	Three Months Ended June 30, 2014
	Revenues:
	Equity in earnings of consolidated subsidiaries*	$	3,503	$	744	$	-	$	-4,247	$	-
	Other income		255		-		15,922		-72		16,105
Total revenues		3,758		744		15,922		-4,319		16,105
Expenses:
Interest expense		410		29		57		-33		463
Loss on extinguishment of debt		17		-		17		-		34
Other expenses		784		17		10,368		-41		11,128
Total expenses		1,211		46		10,442		-74		11,625
Income (loss) from continuing operations before income tax
expense (benefit)		2,547		698		5,480		-4,245		4,480
Income tax expense (benefit)		-527		123		1,878		-		1,474
Income (loss) from continuing operations		3,074		575		3,602		-4,245		3,006
Income (loss) from discontinued operations, net of income taxes		-1		-		31		-		30
Net income (loss)		3,073		575		3,633		-4,245		3,036
Less:
Net loss from continuing operations attributable to
noncontrolling interests		-		-		-37		-		-37
Net income (loss) attributable to AIG	$	3,073	$	575	$	3,670	$	-4,245	$	3,073
Three Months Ended June 30, 2013
Revenues:
Equity in earnings of consolidated subsidiaries*	$	2,374	$	754	$	-	$	-3,128	$	-
Other income		673		-		17,837		-84		18,426
Total revenues		3,047		754		17,837		-3,212		18,426
Expenses:
Interest expense		482		32		36		-15		535
Net loss on extinguishment of debt		38		-		-		-		38
Other expenses		335		-		14,410		-57		14,688
Total expenses		855		32		14,446		-72		15,261
Income (loss) from continuing operations before income tax
expense (benefit)		2,192		722		3,391		-3,140		3,165
Income tax expense (benefit)		-538		-3		970		-4		425
Income (loss) from continuing operations		2,730		725		2,421		-3,136		2,740
Income from discontinued operations, net of income taxes		1		-		17		-		18
Net income (loss)		2,731		725		2,438		-3,136		2,758
Less:
Net income from continuing operations attributable to
noncontrolling interests		-		-		27		-		27
Net income (loss) attributable to AIG	$	2,731	$	725	$	2,411	$	-3,136	$	2,731
	American
	International						Reclassifications
	Group, Inc.				Other			and	Consolidated
(in millions)	(As Guarantor)		AIGLH		Subsidiaries		Eliminations			AIG
Six Months Ended June 30, 2014
Revenues:
Equity in earnings of consolidated subsidiaries*	$	5,488	$	1,474	$	-	$	-6,962	$	-
Other income		479		-		31,922		-184		32,217
Total revenues		5,967		1,474		31,922		-7,146		32,217
Expenses:
Interest expense		832		58		118		-66		942
Loss on extinguishment of debt		305		-		17		-50		272
Other expenses		1,026		18		23,286		-80		24,250
Total expenses		2,163		76		23,421		-196		25,464
Income (loss) from continuing operations before income tax
expense (benefit)		3,804		1,398		8,501		-6,950		6,753
Income tax expense (benefit)		-876		-21		3,004		-19		2,088
Income (loss) from continuing operations		4,680		1,419		5,497		-6,931		4,665
Income (loss) from discontinued operations, net of income taxes		2		-		-19		-		-17
Net income (loss)		4,682		1,419		5,478		-6,931		4,648
Less:
Net loss from continuing operations attributable to
noncontrolling interests		-		-		-34		-		-34
Net income (loss) attributable to AIG	$	4,682	$	1,419	$	5,512	$	-6,931	$	4,682
Six Months Ended June 30, 2013
Revenues:
Equity in earnings of consolidated subsidiaries*	$	4,265	$	1,424	$	-	$	-5,689	$	-
Other income		967		-		34,574		-153		35,388
Total revenues		5,232		1,424		34,574		-5,842		35,388
Expenses:
Interest expense		1,010		68		118		-84		1,112
Net loss on extinguishment of debt		307		-		71		-		378
Other expenses		593		71		27,251		-57		27,858
Total expenses		1,910		139		27,440		-141		29,348
Income (loss) from continuing operations before income tax
expense (benefit)		3,322		1,285		7,134		-5,701		6,040
Income tax expense (benefit)		-1,618		-14		2,778		-4		1,142
Income (loss) from continuing operations		4,940		1,299		4,356		-5,697		4,898
Income (loss) from discontinued operations, net of income taxes		-3		-		94		-		91
Net income (loss)		4,937		1,299		4,450		-5,697		4,989
Less:
Net income from continuing operations attributable to
noncontrolling interests		-		-		52		-		52
Net income (loss) attributable to AIG	$	4,937	$	1,299	$	4,398	$	-5,697	$	4,937
* Eliminated in consolidation.
Condensed Consolidating Statements of Comprehensive Income
		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
Three Months Ended June 30, 2014
Net income (loss)	$	3,073	$	575	$	3,633	$	-4,245	$	3,036
Other comprehensive income (loss)		2,426		1,287		1,884		-3,171		2,426
Comprehensive income (loss)		5,499		1,862		5,517		-7,416		5,462
Total comprehensive loss attributable to noncontrolling interests		-		-		-37		-		-37
Comprehensive income (loss) attributable to AIG	$	5,499	$	1,862	$	5,554	$	-7,416	$	5,499
Three Months Ended June 30, 2013
Net income (loss)	$	2,731	$	725	$	2,438	$	-3,136	$	2,758
Other comprehensive income (loss)		-4,800		-3,351		-4,707		8,037		-4,821
Comprehensive income (loss)		-2,069		-2,626		-2,269		4,901		-2,063
Total comprehensive income attributable to noncontrolling interests		-		-		6		-		6
Comprehensive income (loss) attributable to AIG	$	-2,069	$	-2,626	$	-2,275	$	4,901	$	-2,069
Six Months Ended June 30, 2014
Net income (loss)	$	4,682	$	1,419	$	5,478	$	-6,931	$	4,648
Other comprehensive income (loss)		5,151		2,781		3,733		-6,514		5,151
Comprehensive income (loss)		9,833		4,200		9,211		-13,445		9,799
Total comprehensive loss attributable to noncontrolling interests		-		-		-34		-		-34
Comprehensive income (loss) attributable to AIG	$	9,833	$	4,200	$	9,245	$	-13,445	$	9,833
Six Months Ended June 30, 2013
Net income (loss)	$	4,937	$	1,299	$	4,450	$	-5,697	$	4,989
Other comprehensive income (loss)		-5,535		-3,990		-5,627		9,596		-5,556
Comprehensive income (loss)		-598		-2,691		-1,177		3,899		-567
Total comprehensive income attributable to noncontrolling interests		-		-		31		-		31
Comprehensive income (loss) attributable to AIG	$	-598	$	-2,691	$	-1,208	$	3,899	$	-598
Condensed Consolidating Statements of Cash Flows
		American				Other
		International				Subsidiaries
		Group, Inc.				and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Eliminations		AIG
Six Months Ended June 30, 2014
Net cash (used in) provided by operating activities		5,324		2,586		-6,269		1,641
Cash flows from investing activities:
Sales of investments		1,714		-		30,600		32,314
Purchase of investments		-624		-		-27,533		-28,157
Loans to subsidiaries - net		-530		-		530		-
Contributions to subsidiaries - net		111		-		-111		-
Net change in restricted cash		-20		-		-608		-628
Net change in short-term investments		65		-		433		498
Other, net		-27		-		-338		-365
Net cash provided by investing activities		689		-		2,973		3,662
Cash flows from financing activities:
Issuance of long-term debt		-		-		3,028		3,028
Repayments of long-term debt		-3,314		-		-2,713		-6,027
Purchase of Common Stock		-1,849		-		-		-1,849
Intercompany loans - net		-52		-175		227		-
Cash dividends paid		-361		-2,460		2,460		-361
Other, net		-307		-		-286		-593
Net cash (used in) provided by financing activities		-5,883		-2,635		2,716		-5,802
Effect of exchange rate changes on cash		-		-		-3		-3
Change in cash		130		-49		-583		-502
Cash at beginning of year		30		51		2,160		2,241
Reclassification to assets held for sale		-		-		88		88
Cash at end of period	$	160	$	2	$	1,665	$	1,827
Six Months Ended June 30, 2013
Net cash (used in) provided by operating activities		698		1,809		-833		1,674
Cash flows from investing activities:
Sales of investments		646		-		38,629		39,275
Purchase of investments		-4,179		-		-38,683		-42,862
Loans to subsidiaries - net		2,427		-		-2,427		-
Contributions to subsidiaries - net		-86		-1		87		-
Net change in restricted cash		422		-		794		1,216
Net change in short-term investments		4,129		-		4,734		8,863
Other, net		205		-		-626		-421
Net cash (used in) provided by investing activities		3,564		-1		2,508		6,071
Cash flows from financing activities:
Issuance of long-term debt		-		-		2,338		2,338
Repayments of long-term debt		-4,107		-245		-3,967		-8,319
Intercompany loans - net		128		-123		-5		-
Purchase of common stock		-		-		-		-
Cash dividends paid to shareholders		-		-1,482		1,482		-
Other, net		-257		-		-817		-1,074
Net cash (used in) financing activities		-4,236		-1,850		-969		-7,055
Effect of exchange rate changes on cash		-		-		-70		-70
Change in cash		26		-42		636		620
Cash at beginning of year		81		73		997		1,151
Change in cash of businesses held for sale		-		-		-9		-9
Cash at end of period	$	107	$	31	$	1,624	$	1,762
Supplementary Disclosure of Condensed Consolidating Cash Flow Information
		American				Other
		International				Subsidiaries
		Group, Inc.				and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Eliminations		AIG
Cash (paid) received during the 2014 period for:
Interest:
Third party	$	-946	$	-51	$	-730	$	-1,727
Intercompany		-1		-4		5		-
Taxes:
Income tax authorities	$	-17	$	-	$	-465	$	-482
Intercompany		953		-		-953		-
Cash (paid) received during the 2013 period for:
Interest:
Third party	$	-1,117	$	-57	$	-1,234	$	-2,408
Intercompany		-5		-14		19		-
Taxes:
Income tax authorities	$	-6	$	-	$	-203	$	-209
Intercompany		501		-78		-423		-
American International Group, Inc. (As Guarantor) supplementary disclosure of non-cash activities:
Six Months Ended June 30,
(in millions)		2014		2013
Intercompany non-cash financing and investing activities:
Capital contributions
to subsidiaries through forgiveness of loans	$	993	$	341
Other capital contributions - net		-		245

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2014
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	17. SUBSEQUENT EVENTS
	Debt Repurchases and Redemptions
	On July 14, 2014, we purchased, in cash tender offers, (i) certain junior subordinated debentures issued or guaranteed by AIG for an aggregate purchase price of $1.8 billion and (ii) certain senior notes and debentures issued or guaranteed by AIG for an aggregate purchase price of $700 million.
	On July 31, 2014, we further reduced DIB debt by approximately $2.0 billion through a redemption of $790 million aggregate principal amount of its 4.875% Notes due 2016 and a redemption of $1.25 billion aggregate principal amount of its 3.800% Notes due 2017, in each case, using cash allocated to the DIB.
	Debt Offering
	On July 16, 2014, we issued $1.0 billion aggregate principal amount of 2.300% Notes due 2019 and $1.5 billion aggregate principal amount of 4.500% Notes due 2044.
	Dividends Declared
	On August 4, 2014, our Board of Directors declared a cash dividend on AIG Common Stock of $0.125 per share, payable on September 25, 2014 to shareholders of record on September 11, 2014. The payment of any future dividends will be at the discretion of our Board of Directors and will depend on various factors, including the regulatory framework applicable to us. See Note 11 for further discussion.
	Dispute Resolution
	On July 16, 2014, AIG reached a global resolution of its residential mortgage related disputes with Bank of America. The resolution included its claims related to RMBS from which AIG and its subsidiaries suffered losses either directly on their own account or in connection with their participation in AIG’s securities lending program.  The resolution also included AIG’s objections to the $8.5 billion settlement of Countrywide’s mortgage repurchase obligations to various investors, as well as disputes concerning the issuance of mortgage guaranty insurance by AIG’s United Guaranty subsidiaries to Bank of America and Countrywide.  Under the terms of the settlement, AIG received $650 million in cash plus a right to receive its pro rata share of whatever amount is ultimately paid out to investors in connection with the Countrywide repurchase settlement. In addition, the parties have agreed, subject to the approval of Fannie Mae, Freddie Mac and certain other mortgage holders, to resolve the outstanding mortgage guaranty claims disputes in accordance with agreed-to claims processes and payment formulae. The $650 million payment has been received by AIG and will be recognized as a pre-tax gain in the third quarter of 2014.
	Super Senior Credit Default Swap Terminations
	On July 17, 2014, GCM terminated Corporate Debt Super Senior CDSs with a notional amount of $8.8 billion.

BASIS_OF_PRESENTATION_Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2014
BASIS OF PRESENTATION	'
Sale of ILFC	'
	Sale of ILFC
	On May 14, 2014, we completed the sale of 100 percent of the common stock of International Lease Finance Corporation (ILFC) to AerCap Ireland Limited, a wholly owned subsidiary of AerCap Holdings N.V. (AerCap), in exchange for total consideration of approximately $7.6 billion, including cash and 97.6 million newly issued AerCap common shares (the AerCap Transaction). The total value of the consideration was based in part on AerCap’s closing price per share of $47.01 on May 13, 2014. ILFC’s results of operations are reflected in Aircraft leasing revenue and Aircraft leasing expenses in the Condensed Consolidated Statements of Income through the date of the completion of the sale. ILFC’s assets and liabilities were classified as held-for-sale at December 31, 2013 in the Condensed Consolidated Balance Sheets. See Note 4 herein for further discussion.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in accordance with GAAP requires the application of accounting policies that often involve a significant degree of judgment. Accounting policies that we believe are most dependent on the application of estimates and assumptions are considered our critical accounting estimates and are related to the determination of:
	income tax assets and liabilities, including recoverability of our net deferred tax asset and the predictability of future tax operating profitability of the character necessary to realize the net deferred tax asset;
	liability for unpaid claims and claims adjustment expense;
	reinsurance assets;
	valuation of future policy benefit liabilities and timing and extent of loss recognition;
	valuation of liabilities for guaranteed benefit features of variable annuity products;
	estimated gross profits to value deferred acquisition costs for investment-oriented products;
	impairment charges, including other-than-temporary impairments on available for sale securities, impairments on investments in life settlements and goodwill impairment;
	liability for legal contingencies; and
	fair value measurements of certain financial assets and liabilities.
	These accounting estimates require the use of assumptions about matters, some of which are highly uncertain at the time of estimation. To the extent actual experience differs from the assumptions used, our consolidated financial condition, results of operations and cash flows could be materially affected.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2014
New Accounting Pronouncements or Change in Accounting Principle	'
Future Application of Accounting Standards	'
	Future Application of Accounting Standards
	Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure
	In January 2014, the FASB issued an accounting standard that clarifies that a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, so that the loan is derecognized and the real estate property is recognized, when either (i) the creditor obtains legal title to the residential real estate property upon completion of a foreclosure or (ii) the borrower conveys all interest in the residential real estate property to the creditor to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement.
	The standard is effective for interim and annual reporting periods beginning after December 15, 2014. Early adoption is permitted. We plan to adopt the standard on its required effective date of January 1, 2015 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows.
Reporting Discontinued Operations	'
	Reporting Discontinued Operations
	In April 2014, the FASB issued an accounting standard that changes the requirements for presenting a component or group of components of an entity as a discontinued operation and requires new disclosures. Under the standard, the disposal of a component or group of components of an entity should be reported as a discontinued operation if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. Disposals of equity method investments, or those reported as held-for-sale, will be eligible for presentation as a discontinued operation if they meet the new definition. The standard also requires entities to provide disclosures about a disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation.
	The standard is effective prospectively for all disposals of components (or classification of components as held-for-sale) of an entity that occur within interim and annual periods beginning on or after December 15, 2014. Early adoption is permitted, but only for disposals (or classifications of components as held-for-sale) that have not been reported in financial statements previously issued. We plan to adopt the standard on its required effective date of January 1, 2015 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows.
Revenue Recognition	'
	Revenue Recognition
	In May 2014, the FASB issued an accounting standard that supersedes most existing revenue recognition guidance. The new standard excludes from its scope the accounting for insurance contracts, leases, financial instruments, and other agreements that are governed under other GAAP guidance, but affects the revenue recognition for certain of our other activities.
	The standard is effective for interim and annual reporting periods beginning after December 15, 2016 and must be applied retrospectively or through a cumulative effect adjustment to retained earnings recognized at the date of adoption. Early adoption is not permitted. We plan to adopt the standard on its required effective date of January 1, 2017 and are assessing the impact of the standard on our consolidated financial condition, results of operations and cash flows.
Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures	'
	Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures
	In June 2014, the FASB issued an accounting standard that changes the accounting for repurchase-to-maturity transactions and repurchase financing arrangements. It also requires additional disclosures about repurchase agreements and other similar transactions. The new standard aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements such that they all will be accounted for as secured borrowings. The standard eliminates sale accounting for repurchase-to-maturity transactions and supersedes the standard under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement.
	The amendments are effective for interim and annual reporting periods beginning after December 15, 2014. Earlier adoption is not permitted. We plan to adopt the standard on its required effective date of January 1, 2015 and do not expect the adoption of the standard to have a material effect on our consolidated financial condition, results of operations or cash flows.
Accounting for Share-Based Payments with Performance Targets	'
	Certain Obligations Resulting from Joint and Several Liability Arrangements
	In February 2013, the Financial Accounting Standards Board (FASB) issued an accounting standard that requires us to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date as the sum of (i) the amount we agreed to pay on the basis of our arrangement among our co-obligors and (ii) any additional amount we expect to pay on behalf of our co-obligors.
	We adopted the standard on its required effective date of January 1, 2014. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows.
2014	'
New Accounting Pronouncements or Change in Accounting Principle	'
Accounting Standards Adopted	'
	Accounting Standards Adopted During 2014
	Certain Obligations Resulting from Joint and Several Liability Arrangements
	In February 2013, the Financial Accounting Standards Board (FASB) issued an accounting standard that requires us to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date as the sum of (i) the amount we agreed to pay on the basis of our arrangement among our co-obligors and (ii) any additional amount we expect to pay on behalf of our co-obligors.
	We adopted the standard on its required effective date of January 1, 2014. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows.
	Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of an Investment within a Foreign Entity or of an Investment in a Foreign Entity
	In March 2013, the FASB issued an accounting standard addressing whether consolidation guidance or foreign currency guidance applies to the release of the cumulative translation adjustment into net income when a parent sells all or a part of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or net assets that are a business (other than a sale of in-substance real estate) within a foreign entity. The standard also resolves the diversity in practice for the cumulative translation adjustment treatment in business combinations achieved in stages involving foreign entities.
	Under the standard, the entire amount of the cumulative translation adjustment associated with the foreign entity should be released into earnings when there has been: (i) a sale of a subsidiary or group of net assets within a foreign entity and the sale represents a complete or substantially complete liquidation of the foreign entity in which the subsidiary or the net assets had resided; (ii) a loss of a controlling financial interest in an investment in a foreign entity; or (iii) a change in accounting method from applying the equity method to an investment in a foreign entity to consolidating the foreign entity.
	We adopted the standard on its required effective date of January 1, 2014 on a prospective basis. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows.
	Investment Company Guidance
	In June 2013, the FASB issued an accounting standard that amends the criteria a company must meet to qualify as an investment company, clarifies the measurement guidance, and requires new disclosures for investment companies. An entity that is regulated by the Securities and Exchange Commission under the Investment Company Act of 1940 (the 1940 Act) qualifies as an investment company. Entities that are not regulated under the 1940 Act must have certain fundamental characteristics and must consider other characteristics to determine whether they qualify as investment companies. An entity’s purpose and design must be considered when making the assessment.
	An entity that no longer meets the requirements to be an investment company as a result of this standard should present the change in its status as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. An entity that is an investment company should apply the standard prospectively as an adjustment to opening net assets as of the
	effective date. The adjustment to net assets represents both the difference between the fair value and the carrying amount of the entity’s investments and any amount previously recognized in Accumulated other comprehensive income.
	We adopted the standard on its required effective date of January 1, 2014 on a prospective basis. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows.
	Presentation of Unrecognized Tax Benefits
	In July 2013, the FASB issued an accounting standard that requires a liability related to unrecognized tax benefits to be presented as a reduction to the related deferred tax asset for a net operating loss carryforward or a tax credit carryforward. When the carryforwards are not available at the reporting date under the tax law of the applicable jurisdiction or the tax law of the applicable jurisdiction does not require, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit will be presented in the financial statements as a liability and will not be combined with the related deferred tax asset.
	We adopted the standard on its required effective date of January 1, 2014 on a prospective basis. The adoption of this standard had no material effect on our consolidated financial condition, results of operations or cash flows.

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2014
SEGMENT INFORMATION	'
Schedule of operations by reportable segment	'
			2014				2013
	Three Months Ended June 30,				Pre-tax Income (Loss)				Pre-tax Income (Loss)
	(in millions)		Total Revenues		from continuing operations		Total Revenues		from continuing operations
	AIG Property Casualty
	Commercial Insurance	$	5,889	$	863	$	5,696	$	535
	Consumer Insurance		3,342		157		3,347		91
	Other		719		470		758		579
	Total AIG Property Casualty		9,950		1,490		9,801		1,205
	AIG Life and Retirement
	Retail		2,972		738		3,439		1,177
	Institutional		1,598		511		2,609		542
	Total AIG Life and Retirement		4,570		1,249		6,048		1,719
	Other Operations
	Mortgage Guaranty		260		211		243		75
	Global Capital Markets		286		245		232		175
	Direct Investment book		365		272		815		720
	Corporate & Other		411		956		445		-738
	Aircraft Leasing		489		-		1,111		18
	Consolidation and elimination		-7		1		-10		1
	Total Other Operations		1,804		1,685		2,836		251
	AIG Consolidation and elimination		-219		56		-259		-10
	Total AIG Consolidated	$	16,105	$	4,480	$	18,426	$	3,165
			2014				2013
	Six Months Ended June 30,				Pre-tax Income (Loss)				Pre-tax Income (Loss)
	(in millions)		Total Revenues		from continuing operations		Total Revenues		from continuing operations
	AIG Property Casualty
	Commercial Insurance	$	11,531	$	1,576	$	11,469	$	1,576
	Consumer Insurance		6,600		184		6,853		244
	Other		1,485		1,039		1,447		999
	Total AIG Property Casualty		19,616		2,799		19,769		2,819
	AIG Life and Retirement
	Retail		5,738		1,403		6,442		2,173
	Institutional		3,183		1,078		4,346		1,116
	Total AIG Life and Retirement		8,921		2,481		10,788		3,289
	Other Operations
	Mortgage Guaranty		509		288		474		119
	Global Capital Markets		345		274		505		402
	Direct Investment book		830		627		1,226		1,032
	Corporate & Other		793		132		906		-1,746
	Aircraft Leasing		1,602		17		2,185		61
	Consolidation and elimination		-15		2		-19		2
	Total Other Operations		4,064		1,340		5,277		-130
	AIG Consolidation and elimination		-384		133		-446		62
	Total AIG Consolidated	$	32,217	$	6,753	$	35,388	$	6,040

HELDFORSALE_CLASSIFICATION_AND1

HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Jun. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'
Summary of assets and liabilities held for sale	'
			December 31,
	(in millions)		2013
	Assets:
	Equity securities	$	3
	Mortgage and other loans receivable, net		229
	Flight equipment primarily under operating leases, net of accumulated depreciation		35,508
	Short-term investments		658
	Cash		88
	Premiums and other receivables, net of allowance		318
	Other assets		2,066
	Assets held-for-sale		38,870
	Less: Loss accrual		-9,334
	Total assets held-for-sale	$	29,536
	Liabilities:
	Other liabilities	$	3,127
	Long-term debt		21,421
	Total liabilities held-for-sale	$	24,548
Discontinued Operations [Member].	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'
Summary of income (loss) from discontinued operations	'
		Three Months Ended				Six Months Ended
		June 30,				June 30,
	(in millions)		2014		2013		2014		2013
	Revenues:
	Gain on sale	$	52	$	28	$	51	$	145
	Income from discontinued operations, before income tax expense		52		28		51		145
	Income tax expense		22		10		68		54
	Income (loss) from discontinued operations, net of income tax	$	30	$	18	$	-17	$	91

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2014
FAIR VALUE MEASUREMENTS	'
Assets and liabilities measured at fair value on a recurring basis	'
	30-Jun-14							Counterparty		Cash
	(in millions)		Level 1		Level 2		Level 3		Netting(a)	Collateral			Total
	Assets:
	Bonds available for sale:
	U.S. government and government sponsored entities	$	24	$	2,801	$	-	$	-	$	-	$	2,825
	Obligations of states, municipalities and political subdivisions		-		27,731		1,991		-		-		29,722
	Non-U.S. governments		604		21,551		25		-		-		22,180
	Corporate debt		-		147,560		2,196		-		-		149,756
	RMBS		-		21,363		16,328		-		-		37,691
	CMBS		-		6,477		5,917		-		-		12,394
	CDO/ABS		-		4,305		7,431		-		-		11,736
	Total bonds available for sale		628		231,788		33,888		-		-		266,304
	Other bond securities:
	U.S. government and government sponsored entities		89		5,291		-		-		-		5,380
	Obligations of states, municipalities and political subdivisions		-		123		-		-		-		123
	Non-U.S. governments		-		2		-		-		-		2
	Corporate debt		-		1,055		-		-		-		1,055
	RMBS		-		1,216		1,062		-		-		2,278
	CMBS		-		553		757		-		-		1,310
	CDO/ABS		-		2,885		8,397		-		-		11,282
	Total other bond securities		89		11,125		10,216		-		-		21,430
	Equity securities available for sale:
	Common stock		3,253		2		-		-		-		3,255
	Preferred stock		-		28		-		-		-		28
	Mutual funds		763		2		-		-		-		765
	Total equity securities available for sale		4,016		32		-		-		-		4,048
	Other equity securities		653		71		-		-		-		724
	Mortgage and other loans receivable		-		-		6		-		-		6
	Other invested assets		25		3,020		5,824		-		-		8,869
	Derivative assets:
	Interest rate contracts(b)		16		2,890		23		-		-		2,929
	Foreign exchange contracts(b)		-		1,089		14		-		-		1,103
	Equity contracts		110		22		93		-		-		225
	Commodity contracts		-		-		1		-		-		1
	Credit contracts		-		-		41		-		-		41
	Other contracts		-		-		37		-		-		37
	Counterparty netting and cash collateral		-		-		-		-1,801		-918		-2,719
	Total derivative assets		126		4,001		209		-1,801		-918		1,617
	Short-term investments		595		3,715		-		-		-		4,310
	Separate account assets		72,986		2,732		-		-		-		75,718
	Other assets		-		-		-		-		-		-
	Total	$	79,118	$	256,484	$	50,143	$	-1,801	$	-918	$	383,026
	Liabilities:
	Policyholder contract deposits	$	-	$	56	$	842	$	-	$	-	$	898
	Other policyholder funds		-		8		-		-		-		8
	Derivative liabilities:
	Interest rate contracts(b)		-		2,589		90		-		-		2,679
	Foreign exchange contracts(b)		-		1,525		23		-		-		1,548
	Equity contracts		1		93		2		-		-		96
	Commodity contracts		-		4		-		-		-		4
	Credit contracts		-		-		1,126		-		-		1,126
	Other contracts		-		-		90		-		-		90
	Counterparty netting and cash collateral		-		-		-		-1,801		-1,326		-3,127
	Total derivative liabilities		1		4,211		1,331		-1,801		-1,326		2,416
	Long-term debt		-		5,430		394		-		-		5,824
	Other liabilities		208		361		-		-		-		569
	Total	$	209	$	10,066	$	2,567	$	-1,801	$	-1,326	$	9,715
	31-Dec-13							Counterparty		Cash
	(in millions)		Level 1		Level 2		Level 3		Netting(a)	Collateral			Total
	Assets:
	Bonds available for sale:
	U.S. government and government sponsored entities	$	133	$	3,062	$	-	$	-	$	-	$	3,195
	Obligations of states, municipalities and political subdivisions		-		28,300		1,080		-		-		29,380
Non-U.S. governments		508		21,985		16		-		-		22,509
Corporate debt		-		143,297		1,255		-		-		144,552
RMBS		-		21,207		14,941		-		-		36,148
CMBS		-		5,747		5,735		-		-		11,482
CDO/ABS		-		4,034		6,974		-		-		11,008
Total bonds available for sale		641		227,632		30,001		-		-		258,274
Other bond securities:
U.S. government and government sponsored entities		78		5,645		-		-		-		5,723
Obligations of states, municipalities and political subdivisions		-		121		-		-		-		121
Non-U.S. governments		-		2		-		-		-		2
Corporate debt		-		1,169		-		-		-		1,169
RMBS		-		1,326		937		-		-		2,263
CMBS		-		509		844		-		-		1,353
CDO/ABS		-		3,158		8,834		-		-		11,992
Total other bond securities		78		11,930		10,615		-		-		22,623
Equity securities available for sale:
Common stock		3,218		-		1		-		-		3,219
Preferred stock		-		27		-		-		-		27
Mutual funds		408		2		-		-		-		410
Total equity securities available for sale		3,626		29		1		-		-		3,656
Other equity securities		750		84		-		-		-		834
Mortgage and other loans receivable		-		-		-		-		-		-
Other invested assets		1		2,667		5,930		-		-		8,598
Derivative assets:
Interest rate contracts		14		3,716		41		-		-		3,771
Foreign exchange contracts		-		52		-		-		-		52
Equity contracts		151		106		49		-		-		306
Commodity contracts		-		-		1		-		-		1
Credit contracts		-		-		55		-		-		55
Other contracts		-		1		33		-		-		34
Counterparty netting and cash collateral		-		-		-		-1,734		-820		-2,554
Total derivative assets		165		3,875		179		-1,734		-820		1,665
Short-term investments		332		5,981		-		-		-		6,313
Separate account assets		67,708		3,351		-		-		-		71,059
Other assets		-		418		-		-		-		418
Total	$	73,301	$	255,967	$	46,726	$	-1,734	$	-820	$	373,440
Liabilities:
Policyholder contract deposits	$	-	$	72	$	312	$	-	$	-	$	384
Other policyholder funds		-		-		-		-		-		-
Derivative liabilities:
Interest rate contracts		-		3,661		141		-		-		3,802
Foreign exchange contracts		-		319		-		-		-		319
Equity contracts		-		101		-		-		-		101
Commodity contracts		-		5		-		-		-		5
Credit contracts		-		-		1,335		-		-		1,335
Other contracts		-		25		142		-		-		167
Counterparty netting and cash collateral		-		-		-		-1,734		-1,484		-3,218
Total derivative liabilities		-		4,111		1,618		-1,734		-1,484		2,511
Long-term debt		-		6,377		370		-		-		6,747
Other liabilities		42		891		-		-		-		933
Total	$	42	$	11,451	$	2,300	$	-1,734	$	-1,484	$	10,575
(a) Represents netting of derivative exposures covered by a qualifying master netting agreement.
(b) Effective April 1, 2014, we reclassified cross-currency swaps from Interest rate contracts to Foreign exchange contracts. This change was applied prospectively.
Changes in Level 3 recurring fair value measurements	'
					Net												Changes in
					Realized and												Unrealized Gains
					Unrealized				Purchases,								(Losses) Included
			Fair Value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair Value		in Income on
			Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
	(in millions)		of Period(a)		in Income		Income (Loss)		Settlements, Net		in		out		of Period		at End of Period
	Three Months Ended June 30, 2014
	Assets:
	Bonds available for sale:
	Obligations of states, municipalities
	and political subdivisions	$	2,042	$	-	$	74	$	7	$	-	$	-132	$	1,991	$	-
	Non-U.S. governments		17		-		-		4		4		-		25		-
	Corporate debt		1,815		9		33		-71		707		-297		2,196		-
	RMBS		15,764		251		127		67		119		-		16,328		-
	CMBS		5,741		17		129		-7		69		-32		5,917		-
	CDO/ABS		6,610		18		1		726		103		-27		7,431		-
	Total bonds available for sale		31,989		295		364		726		1,002		-488		33,888		-
	Other bond securities:
	RMBS		1,069		23		-		-32		2		-		1,062		2
	CMBS		770		21		-		-40		6		-		757		19
	CDO/ABS		8,498		334		-		-436		1		-		8,397		122
	Total other bond securities		10,337		378		-		-508		9		-		10,216		143
	Equity securities available for sale:
	Common stock		-		-		-		-		-		-		-		-
	Preferred stock		-		-		-		-		-		-		-		-
	Total equity securities available for sale		-		-		-		-		-		-		-		-
	Mortgage and other loans receivable		-		-		-		6		-		-		6		-
	Other invested assets		5,990		8		-5		-15		-		-154		5,824		-
	Total	$	48,316	$	681	$	359	$	209	$	1,011	$	-642	$	49,934	$	143
	Liabilities:
	Policyholder contract deposits	$	-765	$	-58	$	-16	$	-3	$	-	$	-	$	-842	$	-37
	Derivative liabilities, net:
	Interest rate contracts		-98		8		-		23		-		-		-67		8
	Foreign exchange contracts		-		3		-		-12		-		-		-9		3
	Equity contracts		88		11		-		-8		-		-		91		11
	Commodity contracts		1		-		-		-		-		-		1		-
	Credit contracts		-1,185		75		-		25		-		-		-1,085		69
	Other contracts		-109		18		48		-10		-		-		-53		16
	Total derivative liabilities, net		-1,303		115		48		18		-		-		-1,122		107
	Long-term debt(c)		-403		-5		-		14		-		-		-394		-4
	Total	$	-2,471	$	52	$	32	$	29	$	-	$	-	$	-2,358	$	66
					Net												Changes in
					Realized and												Unrealized Gains
					Unrealized				Purchases,								(Losses) Included
			Fair Value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair Value		in Income on
			Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
	(in millions)		of Period(a)		in Income		Income (Loss)		Settlements, Net		in		out		of Period		at End of Period
	Six Months Ended June 30, 2014
	Assets:
	Bonds available for sale:
	Obligations of states, municipalities
	and political subdivisions(b)	$	1,080	$	-	$	191	$	853	$	-	$	-133	$	1,991	$	-
	Non-U.S. governments		16		-		-1		6		4		-		25		-
	Corporate debt		1,255		6		53		-67		1,355		-406		2,196		-
	RMBS		14,941		495		260		624		119		-111		16,328		-
	CMBS		5,735		23		240		-57		69		-93		5,917		-
	CDO/ABS		6,974		52		3		734		169		-501		7,431		-
	Total bonds available for sale		30,001		576		746		2,093		1,716		-1,244		33,888		-
	Other bond securities:
	RMBS		937		51		-		72		2		-		1,062		17
	CMBS		844		38		-		-131		6		-		757		32
	CDO/ABS		8,834		669		-		-887		1		-220		8,397		286
	Total other bond securities		10,615		758		-		-946		9		-220		10,216		335
Equity securities available for sale:
Common stock		1		-		-		-		-		-1		-		-
Preferred stock		-		-		-		-		-		-		-		-
Total equity securities available for sale		1		-		-		-		-		-1		-		-
Mortgage and other loans receivable		-		-		-		6		-		-		6		-
Other invested assets		5,930		87		49		34		85		-361		5,824		-
Total	$	46,547	$	1,421	$	795	$	1,187	$	1,810	$	-1,826	$	49,934	$	335
Liabilities:
Policyholder contract deposits	$	-312	$	-532	$	-24	$	26	$	-	$	-	$	-842	$	-120
Derivative liabilities, net:
Interest rate contracts		-100		2		-		32		-		-1		-67		4
Foreign exchange contracts		-		3		-		-12		-		-		-9		4
Equity contracts		49		8		-		-14		48		-		91		5
Commodity contracts		1		-		-		-		-		-		1		-
Credit contracts		-1,280		154		-		41		-		-		-1,085		164
Other contracts		-109		35		47		-26		-		-		-53		27
Total derivative liabilities, net		-1,439		202		47		21		48		-1		-1,122		204
Long-term debt(c)		-370		-8		-		33		-70		21		-394		5
Total	$	-2,121	$	-338	$	23	$	80	$	-22	$	20	$	-2,358	$	89
				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period(a)		in Income		Income (Loss)		Settlements, Net		In		Out		of Period		at End of Period
Three Months Ended June 30, 2013
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	1,019	$	24	$	-145	$	69	$	-	$	-22	$	945	$	-
Non-U.S. governments		18		-1		-		4		-		-1		20		-
Corporate debt		1,449		-		-20		8		256		-59		1,634		-
RMBS		12,096		204		-144		1,529		9		-		13,694		-
CMBS		5,315		-		-121		263		7		-9		5,455		-
CDO/ABS		5,577		72		-76		381		198		-10		6,142		-
Total bonds available for sale		25,474		299		-506		2,254		470		-101		27,890		-
Other bond securities:
RMBS		730		-12		-		64		-		-		782		-12
CMBS		776		-1		-		-41		93		-7		820		-16
CDO/ABS		8,842		569		-		-572		133		-		8,972		336
Total other bond securities		10,348		556		-		-549		226		-7		10,574		308
Equity securities available for sale:
Common stock		22		-9		6		57		-		-		76		-
Preferred stock		49		-		-1		-		-		-		48		-
Total equity securities available for sale		71		-9		5		57		-		-		124		-
Other invested assets		5,467		108		23		42		218		-219		5,639		-
Total	$	41,360	$	954	$	-478	$	1,804	$	914	$	-327	$	44,227	$	308
Liabilities:
Policyholder contract deposits	$	-1,047	$	410	$	-	$	51	$	-	$	-	$	-586	$	440
Derivative liabilities, net:
Interest rate contracts		756		3		-		20		-		-		779		7
Equity contracts		66		8		-		-6		2		-		70		5
Commodity contracts		1		-		-		-		-		-		1		-
Credit contracts		-1,775		138		-		43		-		-		-1,594		181
Other contracts		-139		13		8		13		-		-		-105		9
Total derivatives liabilities, net		-1,091		162		8		70		2		-		-849		202
Long-term debt(c)		-407		-15		-		3		-		-		-419		-13
Total	$	-2,545	$	557	$	8	$	124	$	2	$	-	$	-1,854	$	629
				Net												Changes in
				Realized and												Unrealized Gains
				Unrealized				Purchases,								(Losses) Included
		Fair value		Gains (Losses)		Other		Sales,		Gross		Gross		Fair value		in Income on
		Beginning		Included		Comprehensive		Issues and		Transfers		Transfers		End		Instruments Held
(in millions)		of Period(a)		in Income		Income (Loss)		Settlements, Net		In		Out		of Period		at End of Period
Six Months Ended June 30, 2013
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	1,024	$	25	$	-150	$	205	$	-	$	-159	$	945	$	-
Non-U.S. governments		14		-		-		6		1		-1		20		-
Corporate debt		1,487		-4		-14		30		332		-197		1,634		-
RMBS		11,662		408		339		1,266		19		-		13,694		-
CMBS		5,124		11		20		188		161		-49		5,455		-
CDO/ABS		4,841		97		-		1,020		379		-195		6,142		-
Total bonds available for sale		24,152		537		195		2,715		892		-601		27,890		-
Other bond securities:
RMBS		396		10		-		138		238		-		782		-40
CMBS		812		11		-		-140		251		-114		820		-42
CDO/ABS		8,536		853		-		-1,009		620		-28		8,972		217
Total other bond securities		9,744		874		-		-1,011		1,109		-142		10,574		135
Equity securities available for sale:
Common stock		24		-		5		47		-		-		76		-
Preferred stock		44		-		4		-		-		-		48		-
Total equity securities available for sale		68		-		9		47		-		-		124		-
Other invested assets		5,389		169		10		40		344		-313		5,639		-
Total	$	39,353	$	1,580	$	214	$	1,791	$	2,345	$	-1,056	$	44,227	$	135
Liabilities:
Policyholder contract deposits	$	-1,257	$	615	$	-	$	56	$	-	$	-	$	-586	$	664
Derivative liabilities, net:
Interest rate contracts		732		14		-		33		-		-		779		9
Equity contracts		47		36		-		-14		1		-		70		27
Commodity contracts		1		-		-		-1		-		1		1		1
Credit contracts		-1,991		313		-		84		-		-		-1,594		396
Other contracts		-162		21		8		30		-2		-		-105		23
Total derivatives liabilities, net		-1,373		384		8		132		-1		1		-849		456
Long-term debt(c)		-344		-95		-		22		-2		-		-419		-22
Total	$	-2,974	$	904	$	8	$	210	$	-3	$	1	$	-1,854	$	1,098
(a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only.
(b) Purchases, Sales, Issues and Settlements, Net primarily reflect the effect of consolidating previously unconsolidated securitization vehicles.
(c) Includes guaranteed investment agreements (GIAs), notes, bonds, loans and mortgages payable.
Schedule of net realized and unrealized gains and losses related to Level 3 items	'
			Net		Net Realized
			Investment		Capital		Other
	(in millions)		Income	Gains (Losses)			Income		Total
	Three Months Ended June 30, 2014
	Bonds available for sale	$	298	$	-15	$	12	$	295
	Other bond securities		49		1		328		378
	Equity securities available for sale		-		-		-		-
	Other invested assets		12		-9		5		8
	Policyholder contract deposits		-		-58		-		-58
	Derivative liabilities, net		16		8		91		115
	Long-term debt		-		-		-5		-5
	Three Months Ended June 30, 2013
	Bonds available for sale	$	239	$	6	$	54	$	299
	Other bond securities		-5		-		561		556
	Equity securities available for sale		-		-9		-		-9
	Other invested assets		107		-22		23		108
	Policyholder contract deposits		-		410		-		410
	Derivative liabilities, net		15		-5		152		162
	Long-term debt		-		-		-15		-15
	Six Months Ended June 30, 2014
	Bonds available for sale	$	602	$	-51	$	25	$	576
	Other bond securities		100		2		656		758
	Equity securities available for sale		-		-		-		-
	Other invested assets		89		-13		11		87
	Policyholder contract deposits		-		-532		-		-532
	Derivative liabilities, net		31		5		166		202
	Long-term debt		-		-		-8		-8
	Six Months Ended June 30, 2013
	Bonds available for sale	$	449	$	13	$	75	$	537
	Other bond securities		28		-		846		874
	Equity securities available for sale		-		-		-		-
	Other invested assets		154		-28		43		169
	Policyholder contract deposits		-		615		-		615
	Derivative liabilities, net		15		17		352		384
	Long-term debt		-		-		-95		-95
Gross components of purchases, sales, issuances and settlements, net	'
									Purchases,
									Sales, Issues and
	(in millions)		Purchases		Sales		Settlements		Settlements, Net(a)
	Three Months Ended June 30, 2014
	Assets:
	Bonds available for sale:
	Obligations of states, municipalities and political subdivisions	$	48	$	-27	$	-14	$	7
	Non-U.S. governments		5		-		-1		4
	Corporate debt		63		-1		-133		-71
	RMBS		665		-11		-587		67
	CMBS		27		-		-34		-7
	CDO/ABS		892		-2		-164		726
	Total bonds available for sale		1,700		-41		-933		726
	Other bond securities:
	RMBS		21		-14		-39		-32
	CMBS		-		-		-40		-40
	CDO/ABS		23		-8		-451		-436
	Total other bond securities		44		-22		-530		-508
	Equity securities available for sale		-		-		-		-
	Mortgage and other loans receivable		6		-		-		6
	Other invested assets		137		-1		-151		-15
	Total assets	$	1,887	$	-64	$	-1,614	$	209
	Liabilities:
	Policyholder contract deposits	$	-	$	-46	$	43	$	-3
	Derivative liabilities, net		-		-		18		18
	Long-term debt(c)		-		-		14		14
	Total liabilities	$	-	$	-46	$	75	$	29
	Three Months Ended June 30, 2013
	Assets:
	Bonds available for sale:
	Obligations of states, municipalities and political subdivisions	$	150	$	-81	$	-	$	69
	Non-U.S. governments		5		-		-1		4
	Corporate debt		211		-114		-89		8
	RMBS		2,110		-		-581		1,529
	CMBS		320		-18		-39		263
	CDO/ABS		673		-		-292		381
	Total bonds available for sale		3,469		-213		-1,002		2,254
	Other bond securities:
	RMBS		108		-		-44		64
	CMBS		-		-		-41		-41
	CDO/ABS		129		-		-701		-572
	Total other bond securities		237		-		-786		-549
	Equity securities available for sale		58		-1		-		57
	Other invested assets		205		-16		-147		42
	Total assets	$	3,969	$	-230	$	-1,935	$	1,804
	Liabilities:
	Policyholder contract deposits	$	-	$	-6	$	57	$	51
	Derivative liabilities, net		2		3		65		70
	Long-term debt(c)		-		-		3		3
	Total liabilities	$	2	$	-3	$	125	$	124
									Purchases,
									Sales, Issues and
	(in millions)		Purchases		Sales		Settlements		Settlements, Net(a)
	Six Months Ended June 30, 2014
	Assets:
	Bonds available for sale:
	Obligations of states, municipalities and political subdivisions(b)	$	936	$	-32	$	-51	$	853
	Non-U.S. governments		7		-		-1		6
	Corporate debt		119		-8		-178		-67
	RMBS		1,752		-26		-1,102		624
	CMBS		92		-57		-92		-57
	CDO/ABS		1,222		-2		-486		734
	Total bonds available for sale		4,128		-125		-1,910		2,093
Other bond securities:
RMBS		162		-19		-71		72
CMBS		-		-6		-125		-131
CDO/ABS		44		-15		-916		-887
Total other bond securities		206		-40		-1,112		-946
Equity securities available for sale		-		-		-		-
Mortgage and other loans receivable		6		-		-		6
Other invested assets		433		-1		-398		34
Total assets	$	4,773	$	-166	$	-3,420	$	1,187
Liabilities:
Policyholder contract deposits	$	-	$	-58	$	84	$	26
Derivative liabilities, net		1		-		20		21
Long-term debt(c)		-		-		33		33
Total liabilities	$	1	$	-58	$	137	$	80
Six Months Ended June 30, 2013
Assets:
Bonds available for sale:
Obligations of states, municipalities and political subdivisions	$	308	$	-103	$	-	$	205
Non-U.S. governments		8		-		-2		6
Corporate debt		308		-114		-164		30
RMBS		2,712		-231		-1,215		1,266
CMBS		693		-164		-341		188
CDO/ABS		1,471		-159		-292		1,020
Total bonds available for sale		5,500		-771		-2,014		2,715
Other bond securities:
RMBS		213		-		-75		138
CMBS		19		-58		-101		-140
CDO/ABS		318		-		-1,327		-1,009
Total other bond securities		550		-58		-1,503		-1,011
Equity securities available for sale		59		-11		-1		47
Other invested assets		448		-46		-362		40
Total assets	$	6,557	$	-886	$	-3,880	$	1,791
Liabilities:
Policyholder contract deposits	$	-	$	-12	$	68	$	56
Derivative liabilities, net		5		-1		128		132
Long-term debt(c)		-		-		22		22
Total liabilities	$	5	$	-13	$	218	$	210
(a) There were no issuances during the three- and six-month periods ended June 30, 2014 and 2013.
(b) Purchases primarily reflect the effect of consolidating previously unconsolidated securitization vehicles.
(c) Includes GIAs, notes, bonds, loans and mortgages payable.
Significant unobservable inputs used for recurring fair value measurements	'
			Fair Value  at
			June 30,		Valuation		Range
	(in millions)		2014		Technique	Unobservable Input	(Weighted Average )
	Assets:
	Obligations of states,		$	1,099	Discounted cash flow	Yield(b)	4.14% - 4.90% (4.52%)
	municipalities and
	political subdivisions
	Corporate debt			1,365	Discounted cash flow	Yield(b)	0.00% - 7.99% (5.69%)
	RMBS			16,844	Discounted cash flow	Constant prepayment rate(a)(c)	0.20% - 9.91% (5.05%)
						Loss severity(a)(c)	44.22% - 79.45% (61.83%)
						Constant default rate(a)(c)	3.90% - 11.11% (7.50%)
						Yield(c)	2.51% - 6.61% (4.56%)
	Certain CDO/ABS			5,364	Discounted cash flow	Constant prepayment rate(a)(c)	6.10% - 11.30% (9.00%)
						Loss severity(a)(c)	46.20% - 60.90% (54.00%)
						Constant default rate(a)(c)	2.80% - 15.30% (8.40%)
						Yield(c)	4.90% - 10.40% (8.40%)
	CMBS			6,142	Discounted cash flow	Yield(b)	0.00% - 13.53% (4.52%)
	CDO/ABS - Direct				Binomial Expansion	Recovery rate(b)	6.00% - 59.00% (24.00%)
	Investment book			568	Technique (BET)	Diversity score(b)	6 - 30 (15.3)
						Weighted average life(b)	0.54 - 11.20 years (5.22 years)
	Liabilities:
	Policyholder contract
	deposits			842	Discounted cash flow	Equity implied volatility(b)	6.00% - 39.00%
						Base lapse rate(b)	1.00% - 40.00%
						Dynamic lapse rate(b)	0.20% - 60.00%
						Mortality rate(b)	0.50% - 40.00%
						Utilization rate(b)	0.50% - 25.00%
	Total derivative
	liabilities, net			853	BET	Recovery rate(b)	6.00% - 32.00% (17.00%)
						Diversity score(b)	9 - 31 (14)
						Weighted average life(b)	3.82 - 11.20 years (6.16 years)
			Fair Value  at
			December 31,	Valuation		Range
	(in millions)		2013	Technique	Unobservable Input	(Weighted Average )
	Assets:
	Obligations of states,	$	920	Discounted cash flow	Yield(b)	4.94% - 5.86% (5.40%)
	municipalities and
	political subdivisions
	Corporate debt		788	Discounted cash flow	Yield(b)	0.00% - 14.29% (6.64%)
	RMBS		14,419	Discounted cash flow	Constant prepayment rate(a)(c)	0.00% - 10.35% (4.97%)
					Loss severity(a)(c)	42.60% - 79.07% (60.84%)
					Constant default rate(a)(c)	3.98% - 12.22% (8.10%)
					Yield(c)	2.54% - 7.40% (4.97%)
	Certain CDO/ABS		5,414	Discounted cash flow	Constant prepayment rate(a)(c)	5.20% - 10.80% (8.20%)
					Loss severity(a)(c)	48.60% - 63.40% (56.40%)
					Constant default rate(a)(c)	3.20% - 16.20% (9.00%)
					Yield(c)	5.20% - 11.50% (9.40%)
	CMBS		5,847	Discounted cash flow	Yield(b)	0.00% - 14.69% (5.58%)
	CDO/ABS - Direct			Binomial Expansion	Recovery rate(b)	6.00% - 63.00% (25.00%)
	Investment book		557	Technique (BET)	Diversity score(b)	5 - 35 (12)
					Weighted average life(b)	1.07 - 9.47 years (4.86 years)
	Liabilities:
	Policyholder contract
	deposits		312	Discounted cash flow	Equity implied volatility(b)	6.00% - 39.00%
					Base lapse rate(b)	1.00% - 40.00%
					Dynamic lapse rate(b)	0.20% - 60.00%
					Mortality rate(b)	0.50% - 40.00%
					Utilization rate(b)	0.50% - 25.00%
	Total derivative
	liabilities, net		996	BET	Recovery rate(b)	5.00% - 34.00% (17.00%)
					Diversity score(b)	9 - 32 (13)
					Weighted average life(b)	4.50 - 9.47 years (5.63 years)
	(a) The unobservable inputs and ranges for the constant prepayment rate, loss severity and constant default rate relate to each of the individual underlying mortgage loans that comprise the entire portfolio of securities in the RMBS and CDO securitization vehicles and not necessarily to the securitization vehicle bonds (tranches) purchased by us. The ranges of these inputs do not directly correlate to changes in the fair values of the tranches purchased by us because there are other factors relevant to the fair values of specific tranches owned by us including, but not limited to, purchase price, position in the waterfall, senior versus subordinated position and attachment points.
(b) Represents discount rates, estimates and assumptions that we believe would be used by market participants when valuing these assets and liabilities.
(c) Information received from independent third-party valuation service providers.
Investments in Certain Entities Carried at Fair Value Using Net Asset Value per Share	'
			30-Jun-14					31-Dec-13
				Fair Value Using Net Asset Value Per Share (or its equivalent)					Fair Value Using Net Asset Value Per Share (or its equivalent)
						Unfunded					Unfunded
	(in millions)	Investment Category Includes				Commitments					Commitments
	Investment Category
	Private equity funds:
	Leveraged buyout	Debt and/or equity investments made as part of a transaction in which assets of mature companies are acquired from the current shareholders, typically with the use of financial leverage	$	2,462	$	480		$	2,544	$	578
	Real Estate / Infrastructure	Investments in real estate properties and infrastructure positions, including power plants and other energy generating facilities		396		266			346		86
	Venture capital	Early-stage, high-potential, growth companies expected to generate a return through an eventual realization event, such as an initial public offering or sale of the company		141		10			140		13
	Distressed	Securities of companies that are in default, under bankruptcy protection, or troubled		168		46			183		34
	Other	Includes multi-strategy and mezzanine strategies		174		234			134		238
	Total private equity funds			3,341		1,036			3,347		949
	Hedge funds:
	Event-driven	Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations		1,229		2			976		2
	Long-short	Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk		1,962		4			1,759		11
	Macro	Investments that take long and short positions in financial instruments based on a top-down view of certain economic and capital market conditions		479		-			612		-
	Distressed	Securities of companies that are in default, under bankruptcy protection or troubled		645		22			594		15
	Emerging markets	Investments in the financial markets of developing countries		302		-			287		-
	Other	Includes multi-strategy and relative value strategies		169		-			157		-
	Total hedge funds			4,786		28			4,385		28
	Total		$	8,127	$	1,064		$	7,732	$	977
Gains or losses related to the eligible instruments for which AIG elected the fair value option	'
		Gain (Loss) Three Months Ended June 30,				Gain (Loss) Six Months Ended June 30,
	(in millions)		2014		2013		2014		2013
	Assets:
	Mortgage and other loans receivable	$	-	$	1	$	-	$	2
	Bond and equity securities		611		256		1,277		632
	Alternative Investments(a)		18		122		172		206
	Other, including Short-term investments		2		2		5		5
	Liabilities:
	Long-term debt(b)		-135		313		-209		322
	Other liabilities		-2		-2		-6		-6
	Total gain	$	494	$	692	$	1,239	$	1,161
	(a) Includes hedge funds, private equity funds and other investment partnerships.
	(b) Includes GIAs, notes, bonds, loans and mortgages payable.
Difference between fair values and aggregate contractual principal amounts, fair value option	'
		30-Jun-14							31-Dec-13
				Outstanding							Outstanding
	(in millions)	Fair Value		Principal Amount		Difference			Fair Value		Principal Amount		Difference
	Assets:
	Mortgage and other loans receivable	$	6	$	4	$	2		$	-	$	-	$	-
	Liabilities:
	Long-term debt*	$	5,824	$	4,393	$	1,431		$	6,747	$	5,231	$	1,516
	* Includes GIAs, notes, bonds, loans and mortgages payable.
Fair value assets measured on nonrecurring basis and impairment charges	'
		Assets at Fair Value									Impairment Charges
		Non-Recurring Basis									Three Months Ended June 30,					Six Months Ended June 30,
	(in millions)	Level 1		Level 2		Level 3			Total			2014		2013			2014		2013
	30-Jun-14
	Other investments	$	-	$	-	$	1,445	$	1,445		$	20	$	36		$	55	$	72
	Investments in life settlements		-		-		399		399			45		35			87		78
	Other assets		-		-		-		-			-		11			1		24
	Total	$	-	$	-	$	1,844	$	1,844		$	65	$	82		$	143	$	174
	31-Dec-13
	Other investments	$	-	$	-	$	1,615	$	1,615
	Investments in life settlements		-		-		896		896
	Other assets		-		11		48		59
	Total	$	-	$	11	$	2,559	$	2,570
Carrying value and estimated fair value of AIG's financial instruments	'
		Estimated Fair Value									Carrying
	(in millions)		Level 1		Level 2		Level 3		Total		Value
	30-Jun-14
	Assets:
	Mortgage and other loans receivable	$	-	$	219	$	23,598	$	23,817	$	22,931
	Other invested assets		-		600		2,809		3,409		4,337
	Short-term investments		-		16,578		-		16,578		16,578
	Cash		1,827		-		-		1,827		1,827
	Liabilities:
	Policyholder contract deposits associated
	with investment-type contracts		-		211		117,328		117,539		105,131
	Other liabilities		-		3,993		-		3,993		3,993
	Long-term debt		-		33,665		3,538		37,203		32,590
	31-Dec-13
	Assets:
	Mortgage and other loans receivable	$	-	$	219	$	21,418	$	21,637	$	20,765
	Other invested assets		-		529		2,705		3,234		4,194
	Short-term investments		-		15,304		-		15,304		15,304
	Cash		2,241		-		-		2,241		2,241
	Liabilities:
	Policyholder contract deposits associated
	with investment-type contracts		-		199		114,361		114,560		105,093
	Other liabilities		-		4,869		1		4,870		4,869
	Long-term debt		-		36,239		2,394		38,633		34,946

INVESTMENTS_Tables

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2014
INVESTMENTS	'
The amortized cost or cost and fair value of AIG's available for sale securities and other invested assets carried at fair value	'
											Other-Than-
			Amortized		Gross		Gross				Temporary
			Cost or		Unrealized		Unrealized		Fair		Impairments
	(in millions)		Cost		Gains		Losses		Value		in AOCI(a)
	30-Jun-14
	Bonds available for sale:
	U.S. government and government sponsored entities	$	2,652	$	187	$	-14	$	2,825	$	-
	Obligations of states, municipalities and political subdivisions		28,225		1,579		-82		29,722		-13
	Non-U.S. governments		21,391		946		-157		22,180		-
	Corporate debt		139,393		11,181		-818		149,756		74
	Mortgage-backed, asset-backed and collateralized:
	RMBS		34,369		3,599		-277		37,691		1,805
	CMBS		11,705		791		-102		12,394		226
	CDO/ABS		11,188		673		-125		11,736		23
	Total mortgage-backed, asset-backed and collateralized		57,262		5,063		-504		61,821		2,054
	Total bonds available for sale(b)		248,923		18,956		-1,575		266,304		2,115
	Equity securities available for sale:
	Common stock		1,320		1,946		-11		3,255		-
	Preferred stock		24		4		-		28		-
	Mutual funds		729		37		-1		765		-
	Total equity securities available for sale		2,073		1,987		-12		4,048		-
	Total	$	250,996	$	20,943	$	-1,587	$	270,352	$	2,115
	31-Dec-13
	Bonds available for sale:
	U.S. government and government sponsored entities	$	3,084	$	150	$	-39	$	3,195	$	-
	Obligations of states, municipalities and political subdivisions		28,704		1,122		-446		29,380		-15
	Non-U.S. governments		22,045		822		-358		22,509		-
	Corporate debt		139,461		7,989		-2,898		144,552		74
	Mortgage-backed, asset-backed and collateralized:
	RMBS		33,520		3,101		-473		36,148		1,670
	CMBS		11,216		558		-292		11,482		125
	CDO/ABS		10,501		649		-142		11,008		62
	Total mortgage-backed, asset-backed and collateralized		55,237		4,308		-907		58,638		1,857
	Total bonds available for sale(b)		248,531		14,391		-4,648		258,274		1,916
	Equity securities available for sale:
	Common stock		1,280		1,953		-14		3,219		-
	Preferred stock		24		4		-1		27		-
	Mutual funds		422		12		-24		410		-
	Total equity securities available for sale		1,726		1,969		-39		3,656		-
	Total	$	250,257	$	16,360	$	-4,687	$	261,930	$	1,916
	(a) Represents the amount of other-than-temporary impairments recognized in Accumulated other comprehensive income. Amount includes unrealized gains and losses on impaired securities relating to changes in the value of such securities subsequent to the impairment measurement date.
	(b) At June 30, 2014 and December 31, 2013, bonds available for sale held by us that were below investment grade or not rated totaled $33.9 billion and $32.6 billion, respectively.
The fair value and gross unrealized losses on AIG's available for sale securities, aggregated by major investment category and length of time that individual securities have been in a continuous unrealized loss position	'
		Less than 12 Months					12 Months or More					Total
					Gross					Gross					Gross
			Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	(in millions)		Value		Losses			Value		Losses			Value		Losses
	30-Jun-14
	Bonds available for sale:
	U.S. government and government sponsored entities	$	38	$	-		$	416	$	14		$	454	$	14
	Obligations of states, municipalities and political
	subdivisions		482		7			1,800		75			2,282		82
	Non-U.S. governments		1,815		22			2,211		135			4,026		157
	Corporate debt		5,007		62			17,957		756			22,964		818
	RMBS		2,681		42			4,882		235			7,563		277
	CMBS		108		1			2,566		101			2,674		102
	CDO/ABS		1,424		42			1,792		83			3,216		125
	Total bonds available for sale		11,555		176			31,624		1,399			43,179		1,575
	Equity securities available for sale:
	Common stock		133		10			4		1			137		11
	Mutual funds		77		1			26		-			103		1
	Total equity securities available for sale		210		11			30		1			240		12
	Total	$	11,765	$	187		$	31,654	$	1,400		$	43,419	$	1,587
	31-Dec-13
	Bonds available for sale:
	U.S. government and government sponsored entities	$	1,101	$	34		$	42	$	5		$	1,143	$	39
	Obligations of states, municipalities and political
	subdivisions		6,134		379			376		67			6,510		446
	Non-U.S. governments		4,102		217			710		141			4,812		358
	Corporate debt		38,495		2,251			4,926		647			43,421		2,898
	RMBS		8,543		349			1,217		124			9,760		473
	CMBS		3,191		176			1,215		116			4,406		292
	CDO/ABS		2,845		62			915		80			3,760		142
	Total bonds available for sale		64,411		3,468			9,401		1,180			73,812		4,648
	Equity securities available for sale:
	Common stock		96		14			-		-			96		14
	Preferred stock		5		1			-		-			5		1
	Mutual funds		369		24			-		-			369		24
	Total equity securities available for sale		470		39			-		-			470		39
	Total	$	64,881	$	3,507		$	9,401	$	1,180		$	74,282	$	4,687
The amortized cost and fair value of fixed maturity securities available for sale by contractual maturity	'
		Total Fixed Maturity Securities					Fixed Maturity Securities in a Loss
	30-Jun-14	Available for Sale					Position Available for Sale
	(in millions)		Amortized Cost		Fair Value			Amortized Cost		Fair Value
	Due in one year or less	$	10,262	$	10,453		$	617	$	609
	Due after one year through five years		50,469		53,409			4,752		4,683
	Due after five years through ten years		67,282		71,508			11,107		10,809
	Due after ten years		63,648		69,113			14,321		13,625
	Mortgage-backed, asset-backed and collateralized		57,262		61,821			13,957		13,453
	Total	$	248,923	$	266,304		$	44,754	$	43,179
The gross realized gains and gross realized losses from sales of AIG's available for sale securities	'
		Three Months Ended June 30,								Six Months Ended June 30,
			2014				2013			2014					2013
			Gross		Gross		Gross		Gross		Gross		Gross		Gross		Gross
		Realized		Realized		Realized		Realized		Realized		Realized		Realized			Realized
	(in millions)		Gains		Losses		Gains		Losses		Gains		Losses		Gains		Losses
	Fixed maturity securities	$	194	$	13	$	1,329	$	56	$	410	$	44		$	1,700	$	127
	Equity securities		39		4		46		6		69		6			83		9
	Total	$	233	$	17	$	1,375	$	62	$	479	$	50		$	1,783	$	136
The fair value of AIG's other securities	'
			30-Jun-14					31-Dec-13
			Fair	Percent				Fair	Percent
	(in millions)		Value	of Total				Value	of Total
	Fixed maturity securities:
	U.S. government and government sponsored entities	$	5,380	24	%		$	5,723	24	%
	Obligations of states, municipalities and political subdivisions		123	1				121	1
	Non-U.S. governments		2	-				2	-
	Corporate debt		1,055	5				1,169	5
	Mortgage-backed, asset-backed and collateralized:
	RMBS		2,278	10				2,263	10
	CMBS		1,310	6				1,353	6
	CDO/ABS and other collateralized*		11,275	51				11,985	51
	Total mortgage-backed, asset-backed and collateralized		14,863	67				15,601	67
	Other		7	-				7	-
	Total fixed maturity securities		21,430	97				22,623	97
	Equity securities		724	3				834	3
	Total	$	22,154	100	%		$	23,457	100	%
	* Includes $0.9 billion and $1.0 billion of U.S. Government agency backed ABS at June 30, 2014 and December 31, 2013, respectively.
Components of net investment income	'
		Three Months Ended					Six Months Ended
		June 30,					June 30,
	(in millions)		2014		2013			2014		2013
	Fixed maturity securities, including short-term investments	$	3,111	$	2,919		$	6,242	$	5,964
	Equity securities		17		-12			-68		25
	Interest on mortgage and other loans		311		290			629		570
	Alternative investments*		547		738			1,472		1,604
	Real estate		33		36			61		67
	Other investments		-2		28			9		81
	Total investment income		4,017		3,999			8,345		8,311
	Investment expenses		133		155			265		303
	Net investment income	$	3,884	$	3,844		$	8,080	$	8,008
	* Includes hedge funds, private equity funds, affordable housing partnerships, investments in life settlements and other investment partnerships.
Components of net realized capital gains (losses)	'
		Three Months Ended					Six Months Ended
		June 30,					June 30,
	(in millions)		2014		2013			2014		2013
	Sales of fixed maturity securities	$	181	$	1,273		$	366	$	1,573
	Sales of equity securities		35		40			63		74
	Other-than-temporary impairments:
	Severity		-		-3			-		-5
	Change in intent		-1		-			-6		-3
	Foreign currency declines		-6		-			-10		-
	Issuer-specific credit events		-44		-42			-93		-79
	Adverse projected cash flows		-4		-1			-5		-7
	Provision for loan losses		15		-2			20		-5
	Foreign exchange transactions		-47		82			-21		411
	Derivative instruments		12		288			-338		17
	Impairments on investments in life settlements		-45		-35			-87		-78
	Other		5		-9			-1		-7
	Net realized capital gains (losses)	$	101	$	1,591		$	-112	$	1,891
Schedule of increase (decrease) in unrealized appreciation (depreciation) of available for sale securities and other investements	'
		Three Months Ended					Six Months Ended
		June 30,					June 30,
	(in millions)		2014		2013			2014		2013
	Increase (decrease) in unrealized appreciation (depreciation) of investments:
	Fixed maturity securities	$	3,644	$	-10,123		$	7,638	$	-11,275
	Equity securities		173		-16			45		-9
	Other investments		-40		55			33		7
	Total Increase (decrease) in unrealized appreciation (depreciation) of investments*	$	3,777	$	-10,084		$	7,716	$	-11,277
	* Excludes net unrealized gains attributable to businesses held for sale.
Credit impairments recognized in earnings for available for sale fixed maturity securities	'
		Three Months Ended					Six Months Ended
		June 30,					June 30,
	(in millions)		2014		2013			2014		2013
	Balance, beginning of period	$	3,389	$	4,603		$	3,872	$	5,164
	Increases due to:
	Credit impairments on new securities subject to impairment losses		14		10			22		27
	Additional credit impairments on previously impaired securities		18		12			54		30
	Reductions due to:
	Credit impaired securities fully disposed for which there was no
	prior intent or requirement to sell		-82		-167			-412		-558
	Accretion on securities previously impaired due to credit*		-173		-222			-361		-427
	Other		-		-			-9		-
	Balance, end of period	$	3,166	$	4,236		$	3,166	$	4,236
	* Represents both accretion recognized due to changes in cash flows expected to be collected over the remaining expected term of the credit impaired securities and the accretion due to the passage of time.
Schedule of Purchased Credit Impaired (PCI) Securities, at acquisition date	'
	(in millions)	At Date of Acquisition
	Contractually required payments (principal and interest)	$	28,482
	Cash flows expected to be collected*		22,778
	Recorded investment in acquired securities		15,049
	* Represents undiscounted expected cash flows, including both principal and interest.
Schedule of Purchased Credit Impaired (PCI) Securities, at reporting date	'
	(in millions)	30-Jun-14		31-Dec-13
	Outstanding principal balance	$	16,272	$	14,741
	Amortized cost		11,559		10,110
	Fair value		12,998		11,338
Activity for accretable yield on Purchased Credit Impaired (PCI) Securities	'
		Three Months Ended				Six Months Ended
		June 30,				June 30,
	(in millions)		2014		2013		2014		2013
	Balance, beginning of period	$	7,170	$	5,114	$	6,940	$	4,766
	Newly purchased PCI securities		247		761		769		1,106
	Disposals		-		-		-		-60
	Accretion		-219		-170		-431		-330
	Effect of changes in interest rate indices		-172		22		-231		106
	Net reclassification from (to) non-accretable difference,
	including effects of prepayments		16		174		-5		313
	Balance, end of period	$	7,042	$	5,901	$	7,042	$	5,901
Schedule of fair value of securities pledged to counterparties under secured financing transactions	'
	(in millions)		30-Jun-14		31-Dec-13
	Securities available for sale	$	2,946	$	3,907
	Other securities		2,500		2,766
Schedule of fair value of securities pledged to the entity under reverse repurchase agreements	'
	(in millions)		30-Jun-14		31-Dec-13
	Securities collateral pledged to us	$	9,438	$	8,878
	Amount repledged by us		219		71

LENDING_ACTIVITIES_Tables

LENDING ACTIVITIES (Tables)	6 Months Ended
	Jun. 30, 2014
LENDING ACTIVITIES	'
Composition of Mortgages and other loans receivable	'
		June 30,			December 31,
	(in millions)		2014		2013
	Commercial mortgages*	$	17,499	$	16,195
	Life insurance policy loans		2,769		2,830
	Commercial loans, other loans and notes receivable		2,950		2,052
	Total mortgage and other loans receivable		23,218		21,077
	Allowance for losses		-281		-312
	Mortgage and other loans receivable, net	$	22,937	$	20,765
	* Commercial mortgages primarily represent loans for office, retail and industrial properties, with exposures in California and New York representing the largest geographic concentrations (aggregating approximately 15 percent and 17 percent, respectively, at June 30, 2014, and approximately 18 percent and 17 percent, respectively, at December 31, 2013).
Schedule of credit quality indicators for the commercial mortgage loans	'
		Number																Percent
		of		Class														of
	(dollars in millions)	Loans		Apartments			Offices		Retail	Industrial			Hotel		Others		Total(c)	Total $
	30-Jun-14
	Credit Quality Indicator:
	In good standing	991		$	3,219	$	5,017	$	3,818	$	1,714	$	1,433	$	1,858	$	17,059	98	%
	Restructured(a)	9			54		285		7		-		-		83		429	2
	90 days or less delinquent	1			-		-		-		-		-		-		-	-
	>90 days delinquent or in
	process of foreclosure	3			-		11		-		-		-		-		11	-
	Total(b)	1,004		$	3,273	$	5,313	$	3,825	$	1,714	$	1,433	$	1,941	$	17,499	100	%
	Valuation allowance			$	11	$	102	$	7	$	20	$	6	$	42	$	188	1	%
	31-Dec-13
	Credit Quality Indicator:
	In good standing	978		$	2,786	$	4,636	$	3,364	$	1,607	$	1,431	$	1,970	$	15,794	98	%
	Restructured(a)	9			53		210		6		-		-		85		354	2
	90 days or less delinquent	2			-		-		5		-		-		-		5	-
	>90 days delinquent or in
	process of foreclosure	6			-		42		-		-		-		-		42	-
	Total(b)	995		$	2,839	$	4,888	$	3,375	$	1,607	$	1,431	$	2,055	$	16,195	100	%
	Allowance for losses			$	10	$	109	$	9	$	19	$	3	$	51	$	201	1	%
	(a) Loans that have been modified in troubled debt restructurings and are performing according to their restructured terms. For additional discussion of troubled debt restructurings see Note 7 to the Consolidated Financial Statements in the 2013 Annual Report.
	(b) Does not reflect valuation allowances.
	(c) Approximately 99 percent of the commercial mortgages held at such respective dates were current as to payments of principal and interest.
Schedule of changes in the allowance for losses on Mortgage and other loans receivable	'
								2014							2013
	Six Months Ended June 30,								Commercial		Other					Commercial		Other
	(in millions)								Mortgages		Loans		Total			Mortgages		Loans		Total
	Allowance, beginning of year							$	201	$	111	$	312		$	159	$	246	$	405
	Loans charged off								-5		-13		-18			-		-26		-26
	Recoveries of loans previously charged off								-		16		16			3		2		5
	Net charge-offs								-5		3		-2			3		-24		-21
	Provision for loan losses								-8		-22		-30			8		-6		2
	Other								-		1		1			-		-5		-5
	Allowance, end of period							$	188*	$	93	$	281		$	170*	$	211	$	381
	* Of the total allowance at the end of the period, $88 million and $58 million relates to individually assessed credit losses on $240 million and $131 million of commercial mortgage loans at June 30, 2014 and 2013, respectively.

VARIABLE_INTEREST_ENTITIES_Tab

VARIABLE INTEREST ENTITIES (Tables)	6 Months Ended
	Jun. 30, 2014
VARIABLE INTEREST ENTITIES	'
Schedule of Consolidated Variable Interest Entities	'
	(in millions)		Real Estate and Investment Funds(e)		Securitization Vehicles		Structured Investment Vehicles		Affordable Housing Partnerships		Other		Total
	30-Jun-14
	Assets:
	Bonds available for sale	$	-	$	11,502	$	-	$	-	$	42	$	11,544
	Other bond securities		-		7,816		726		-		79		8,621
	Mortgage and other loans receivable		-		1,681		-		-		176		1,857
	Other invested assets		594		-		-		1,832		733		3,159
	Other (a)		40		734		66		40		625		1,505
	Total assets(b)(c)	$	634	$	21,733	$	792	$	1,872	$	1,655	$	26,686
	Liabilities:
	Long-term debt	$	70	$	1,223	$	98	$	184	$	105	$	1,680
	Other (d)		32		116		-		92		201		441
	Total liabilities	$	102	$	1,339	$	98	$	276	$	306	$	2,121
	31-Dec-13
	Assets:
	Bonds available for sale	$	-	$	11,028	$	-	$	-	$	70	$	11,098
	Other bond securities		-		7,449		748		-		113		8,310
	Mortgage and other loans receivable		-		1,508		-		-		189		1,697
	Other invested assets		849		-		-		1,986		793		3,628
	Other (a)		49		481		93		41		615		1,279
	Total assets(b)(c)	$	898	$	20,466	$	841	$	2,027	$	1,780	$	26,012
	Liabilities:
	Long-term debt	$	71	$	494	$	87	$	188	$	154	$	994
	Other(d)		31		74		-		83		367		555
	Total liabilities	$	102	$	568	$	87	$	271	$	521	$	1,549
	(a) Comprised primarily of Short-term investments, Premiums and other receivables and Other assets at both June 30, 2014 and December 31, 2013.
	(b) The assets of each VIE can be used only to settle specific obligations of that VIE.
	(c) At June 30, 2014 and December 31, 2013, includes approximately $21.6 billion and $21.4 billion, respectively, of investment-grade debt securities, loans and other assets held by certain securitization vehicles that issued beneficial interests in these investments. The majority of the beneficial interests issued are held by AIG.
	(d) Comprised primarily of Other liabilities and Derivative liabilities, at fair value, at both June 30, 2014 and December 31, 2013.
	(e) At June 30, 2014 and December 31, 2013, off-balance sheet exposure, primarily consisting of commitments to real estate and investment funds, was $61.8 million and $50.8 million, respectively.
Schedule of Unconsolidated Variable Interest Entities	'
					Maximum Exposure to Loss
			Total VIE			On-Balance		Off-Balance
	(in millions)		Assets			Sheet*		Sheet		Total
	30-Jun-14
	Real estate and investment funds	$	20,010		$	2,599	$	402	$	3,001
	Affordable housing partnerships		477			476		-		476
	Other		633			39		-		39
	Total	$	21,120		$	3,114	$	402	$	3,516
	31-Dec-13
	Real estate and investment funds	$	17,572		$	2,343	$	289	$	2,632
	Affordable housing partnerships		478			477		-		477
	Other		708			37		-		37
	Total	$	18,758		$	2,857	$	289	$	3,146
	* At June 30, 2014 and December 31, 2013, $3.1 billion and $2.8 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets.

DERIVATIVES_AND_HEDGE_ACCOUNTI1

DERIVATIVES AND HEDGE ACCOUNTING (Tables)	6 Months Ended
	Jun. 30, 2014
DERIVATIVES AND HEDGE ACCOUNTING	'
Notional amounts and fair values of derivative instruments	'
		30-Jun-14								31-Dec-13
		Gross Derivative Assets				Gross Derivative Liabilities				Gross Derivative Assets				Gross Derivative Liabilities
			Notional		Fair		Notional		Fair		Notional		Fair		Notional		Fair
	(in millions)		Amount		Value(a)		Amount		Value(a)		Amount		Value(a)		Amount		Value(a)
	Derivatives designated as
	hedging instruments:
	Interest rate contracts	$	-	$	-	$	25	$	1	$	-	$	-	$	112	$	15
	Foreign exchange contracts		779		9		1,304		122		-		-		1,857		190
	Equity contracts		16		1		192		6		-		-		-		-
	Derivatives not designated
	as hedging instruments:
	Interest rate contracts		43,171		2,929		45,072		2,733		50,897		3,771		59,585		3,849
	Foreign exchange contracts		10,563		1,094		14,720		1,426		1,774		52		3,789		129
	Equity contracts(b)		6,326		224		37,077		945		29,296		413		9,840		524
	Commodity contracts		16		1		13		4		17		1		13		5
	Credit contracts		60		41		14,978		1,126		70		55		15,459		1,335
	Other contracts(c)		34,076		37		479		90		32,440		34		1,408		167
	Total derivatives not
	designated as hedging
	instruments		94,212		4,326		112,339		6,324		114,494		4,326		90,094		6,009
	Total derivatives, gross	$	95,007	$	4,336	$	113,860	$	6,453	$	114,494	$	4,326	$	92,063	$	6,214
	(a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral.
	(b) Notional amount of derivative assets and fair value of derivative assets were both zero at June 30, 2014 and were $23.2 billion and $107 million at December 31, 2013, respectively, related to bifurcated embedded derivatives. Notional amount of derivative liabilities and fair value of derivative liabilities include $33.5 billion and $855 million, respectively, at June 30, 2014, and $6.7 billion and $424 million, respectively, at December 31, 2013, related to bifurcated embedded derivatives. A bifurcated embedded derivative is generally presented with the host contract in the Condensed Consolidated Balance Sheets.
	(c) Consists primarily of contracts with multiple underlying exposures.
Fair values of derivative assets and liabilities in the Condensed Consolidated Balance Sheets	'
		30-Jun-14								31-Dec-13
		Derivative Assets				Derivative Liabilities				Derivative Assets				Derivative Liabilities
			Notional		Fair		Notional		Fair		Notional		Fair		Notional		Fair
	(in millions)		Amount		Value		Amount		Value		Amount		Value		Amount		Value
	Global Capital Markets derivatives:
	AIG Financial Products	$	37,422	$	2,527	$	48,856	$	3,224	$	41,942	$	2,567	$	52,679	$	3,506
	AIG Markets		15,922		1,135		20,553		1,602		12,531		964		23,716		1,506
	Total Global Capital Markets derivatives		53,344		3,662		69,409		4,826		54,473		3,531		76,395		5,012
	Non-Global Capital Markets derivatives(a)		41,663		674		44,451		1,627		60,021		795		15,668		1,202
	Total derivatives, gross	$	95,007		4,336	$	113,860		6,453	$	114,494		4,326	$	92,063		6,214
	Counterparty netting(b)				-1,801				-1,801				-1,734				-1,734
	Cash collateral(c)				-918				-1,326				-820				-1,484
	Total derivatives, net				1,617				3,326				1,772				2,996
	Less: Bifurcated embedded derivatives				-				910				107				485
	Total derivatives on consolidated
	balance sheet			$	1,617			$	2,416			$	1,665			$	2,511
	(a) Represents derivatives used to hedge the foreign currency and interest rate risk associated with insurance as well as embedded derivatives included in insurance contracts. Assets and liabilities include bifurcated embedded derivatives which are recorded in Policyholder contract deposits.
	(b) Represents netting of derivative exposures covered by a qualifying master netting agreement.
	(c) Represents cash collateral posted and received that is eligible for netting.
Gain (loss) recognized in earnings on AIG's derivative instruments in fair value hedging relationships in the Consolidated Statements of Income	'
		Three Months Ended				Six Months Ended
			June 30,			June 30,
	(in millions)		2014		2013		2014		2013
	Interest rate contracts:
	Gain (loss) recognized in earnings on derivatives(a)	$	-	$	-	$	2	$	-
	Gain recognized in earnings on hedged items(b)		10		23		75		53
	Foreign exchange contracts:(c)
	Gain (loss) recognized in earnings on derivatives(d)		32		-35		56		-40
	Gain (loss) recognized in earnings on hedged items(e)		-28		43		-60		47
	Gain (loss) recognized in earnings for amounts excluded from effectiveness testing		-4		8		-12		7
	Equity contracts:(f)
	Gain (loss) recognized in earnings on derivatives		-14		-		-14		-
	Gain (loss) recognized in earnings on hedged items		14		-		14		-
	Gain (loss) recognized in earnings for amounts excluded from effectiveness testing		-		-		-		-
	(a) Includes gains of $1 million recorded in Interest credited to policyholder account balances and $1 million recorded in Net realized capital gains (losses) for the six-month period ended June 30, 2014.
	(b) Includes gains of $10 million and $23 million for the three-month periods ended June 30, 2014 and 2013, respectively, and $28 million and $53 million for the six-month periods ended June 30, 2014 and 2013, respectively, representing the amortization of debt basis adjustment recorded in Other income and Net realized capital gains (losses) following the discontinuation of hedge accounting. Also includes gains of $50 million for the six-month period ended June 30, 2014, recorded in Loss on extinguishment of debt, representing the release of debt basis following the repurchase of issued debt that was part of previously discontinued hedge accounting relationships.
	(c) Gains and losses recognized in earnings for the ineffective portion and amounts excluded from effectiveness testing, if any, are recorded in Net realized capital gains (losses).
	(d) Includes gains of $1 million recorded in Interest credited to policyholder account balances for the three- and six-month periods ended June 30, 2014. All other gains and losses are recorded in Net realized capital gains (losses).
	(e) Includes gains of $9 million for both the three- and six-month periods ended June 30, 2014, representing the amortization of debt basis adjustment recorded in Other income and Net realized capital gains (losses) following the discontinuation of hedge accounting. All other gains and losses are recorded in Net realized capital gains (losses).
	(f) Gains and losses recognized in earnings are recorded in Net realized capital gains (losses).
Effect of AIG's derivative instruments not designated as hedging instruments in the Consolidated Statements of Income	'
		Gains (Losses) Recognized in Earnings
		Three Months Ended				Six Months Ended
		June 30,				June 30,
	(in millions)		2014		2013		2014		2013
	By Derivative Type:
	Interest rate contracts	$	48	$	-69	$	187	$	-285
	Foreign exchange contracts		37		-8		23		147
	Equity contracts*		11		468		-411		512
	Commodity contracts		-		-2		1		-2
	Credit contracts		74		138		154		313
	Other contracts		24		16		39		60
	Total	$	194	$	543	$	-7	$	745
	By Classification:
	Policy fees	$	68	$	48	$	136	$	93
	Net investment income		12		5		26		29
	Net realized capital gains (losses)		22		276		-315		-
	Other income		89		219		138		631
	Policyholder benefits and claims incurred		3		-5		8		-8
	Total	$	194	$	543	$	-7	$	745
	* Includes embedded derivative gains of $47 million and losses of $342 million for the three- and six-month periods ended June 30, 2014, respectively, and embedded derivative gains of $505 million and $760 million for the three- and six-month periods ended June 30, 2013, respectively.
Net notional amount (net of all structural subordination below the covered tranches), fair value of derivative (asset) liability before the effects of counterparty netting adjustments and offsetting cash collateral and unrealized market valuation gain (loss) of the super senior credit default swap portfolio by asset class	'
						Fair Value of				Unrealized Market
		Net Notional Amount at				Derivative Liability at				Valuation Gain
		June 30,			December 31,	June 30,			December 31,	Three Months Ended June 30,				Six Months Ended June 30,
	(in millions)		2014		2013		2014		2013		2014		2013		2014		2013
	Arbitrage:
	Multi-sector CDOs(a)		2,970		3,257		1,061		1,249		66		126		138		281
	Corporate debt/CLOs(b)(c)		11,718		11,832		18		28		7		5		10		21
	Total	$	14,688	$	15,089	$	1,079	$	1,277	$	73	$	131	$	148	$	302
	(a) During the six-month period ended June 30, 2014, we paid $50 million to counterparties with respect to multi-sector CDOs, which was previously included in the fair value of the derivative liability as an unrealized market valuation loss. Collateral postings with regards to multi-sector CDOs were $1.0 billion and $1.1 billion at June 30, 2014 and December 31, 2013, respectively.
	(b) Corporate debt/Collateralized Loan Obligations (CLOs) include $887 million and $1.0 billion in net notional amount of credit default swaps written on the super senior tranches of CLOs at June 30, 2014 and December 31, 2013, respectively. Collateral postings with regards to corporate debt/CLOs were $336 million and $353 million at June 30, 2014 and December 31, 2013, respectively.
	(c) See Note 17 for Corporate Debt Super Senior CDSs terminated subsequent to June 30, 2014.

EQUITY_Tables

EQUITY (Tables)	6 Months Ended
	Jun. 30, 2014
EQUITY	'
Rollforward of common stock outstanding	'
		Common	Treasury	Common Stock
		Stock Issued	Stock	Outstanding
	Six Months Ended June 30, 2014
	Shares, beginning of year	1,906,645,689	-442,582,366	1,464,063,323
	Shares issued	16,873	-	16,873
	Shares repurchased	-	-35,504,806	-35,504,806
	Shares, end of period	1,906,662,562	-478,087,172	1,428,575,390
Accumulated Other Comprehensive Income (Loss)	'
			Unrealized Appreciation
			(Depreciation) of Fixed
			Maturity Investments		Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Change in Retirement Plan Liabilities Adjustment
			on Which Other-Than-
			Temporary Credit
	(in millions)		investments								Total
	Balance, December 31, 2013, net of tax	$	936	$	6,789	$	-952	$	-413	$	6,360
	Change in unrealized appreciation of investments		199		7,517		-		-		7,716
	Change in deferred acquisition costs adjustment and other		36		-629		-		-		-593
	Change in future policy benefits		-143		-1,185		-		-		-1,328
	Change in foreign currency translation adjustments		-		-		-29		-		-29
	Net actuarial gain		-		-		-		37		37
	Prior service cost		-		-		-		-24		-24
	Change in deferred tax asset (liability)		23		-563		-82		-6		-628
	Total other comprehensive income (loss)		115		5,140		-111		7		5,151
	Noncontrolling interests		-		-		-		-		-
	Balance, June 30, 2014, net of tax	$	1,051	$	11,929	$	-1,063	$	-406	$	11,511
	Balance, December 31, 2012, net of tax	$	575	$	13,446	$	-403	$	-1,044	$	12,574
	Change in unrealized appreciation (depreciation) of investments		355		-11,632		-		-		-11,277
	Change in deferred acquisition costs adjustment and other		-87		630		-		-		543
	Change in future policy benefits		49		2,491		-		-		2,540
	Change in foreign currency translation adjustments		-		-		-566		-		-566
	Net actuarial gain		-		-		-		104		104
	Prior service cost		-		-		-		-27		-27
	Change in deferred tax asset (liability)		-122		3,277		-12		-16		3,127
	Total other comprehensive income (loss)		195		-5,234		-578		61		-5,556
	Noncontrolling interests		-		-16		-5		-		-21
	Balance, June 30, 2013, net of tax	$	770	$	8,228	$	-976	$	-983	$	7,039
Other comprehensive income (loss) reclassification adjustments	'
			Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Recognized
					Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Change in Retirement Plan Liabilities Adjustment
	(in millions)										Total
	Three Months Ended June 30, 2014
	Unrealized change arising during period	$	21	$	2,909	$	73	$	10	$	3,013
	Less: Reclassification adjustments
	included in net income		10		165		-		-1		174
	Total other comprehensive income (loss),
	before income tax expense (benefit)		11		2,744		73		11		2,839
	Less: Income tax expense (benefit)		-15		389		26		13		413
	Total other comprehensive income (loss),
	net of income tax expense (benefit)	$	26	$	2,355	$	47	$	-2	$	2,426
	Three Months Ended June 30, 2013
	Unrealized change arising during period	$	-102	$	-6,854	$	-273	$	8	$	-7,221
	Less: Reclassification adjustments
	included in net income		6		152		-		-26		132
	Total other comprehensive income (loss),
	before income tax expense (benefit)		-108		-7,006		-273		34		-7,353
	Less: Income tax expense (benefit)		-21		-2,560		32		17		-2,532
	Total other comprehensive income (loss),
	net of income tax expense (benefit)	$	-87	$	-4,446	$	-305	$	17	$	-4,821
	Six Months Ended June 30, 2014
	Unrealized change arising during period	$	110	$	6,097	$	-29	$	11	$	6,189
	Less: Reclassification adjustments
	included in net income		18		394		-		-2		410
	Total other comprehensive income (loss),
	before income tax expense (benefit)		92		5,703		-29		13		5,779
	Less: Income tax expense (benefit)		-23		563		82		6		628
	Total other comprehensive income (loss),
	net of income tax expense (benefit)	$	115	$	5,140	$	-111	$	7	$	5,151
	Six Months Ended June 30, 2013
	Unrealized change arising during period	$	372	$	-8,132	$	-566	$	26	$	-8,300
	Less: Reclassification adjustments
	included in net income		55		379		-		-51		383
	Total other comprehensive income (loss),
	before income tax expense (benefit)		317		-8,511		-566		77		-8,683
	Less: Income tax expense (benefit)		122		-3,277		12		16		-3,127
	Total other comprehensive income (loss),
	net of income tax expense (benefit)	$	195	$	-5,234	$	-578	$	61	$	-5,556
Schedule of effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Consolidated Statements of Income	'
		Amount Reclassified from Accumulated Other Comprehensive Income						Affected Line Item in the Consolidated Statements of Income
		Three Months Ended June 30,
	(in millions)		2014		2013
	Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
	Investments		$	10	$	6			Other realized capital gains
	Total			10		6			-
	Unrealized appreciation (depreciation) of all other investments
	Investments			207		1,306			Other realized capital gains
	Deferred acquisition costs adjustment			-30		-37			Amortization of deferred acquisition costs
	Future policy benefits			-12		-1,117			Policyholder benefits and claims incurred
	Total			165		152
	Change in retirement plan liabilities adjustment
	Prior-service costs			12		10			*
	Actuarial gains/(losses)			-13		-36			*
	Total			-1		-26
	Total reclassifications for the period		$	174	$	132
		Amount Reclassified from Accumulated Other Comprehensive Income						Affected Line Item in the Consolidated Statements of Income
		Six Months Ended June 30,
	(in millions)		2014		2013
	Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
	Investments		$	18	$	55			Other realized capital gains
	Total			18		55
	Unrealized appreciation (depreciation) of all other investments
	Investments			411		1,592			Other realized capital gains
	Deferred acquisition costs adjustment			5		6			Amortization of deferred acquisition costs
	Future policy benefits			-22		-1,219			Policyholder benefits and claims incurred
	Total			394		379
	Change in retirement plan liabilities adjustment
	Prior-service costs			24		22			*
	Actuarial gains/(losses)			-26		-73			*
	Total			-2		-51			-
	Total reclassifications for the period		$	410	$	383			-
	* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 14 to the Condensed Consolidated Financial Statements.

NONCONTROLLING_INTERESTS_Table

NONCONTROLLING INTERESTS (Tables)	6 Months Ended
	Jun. 30, 2014
NONCONTROLLING INTERESTS	'
Rollforward of noncontrolling interests	'
			Redeemable		Non-redeemable
			Noncontrolling		Noncontrolling
	(in millions)		Interests		Interests
	Six Months Ended June 30, 2014
	Balance, beginning of year	$	30	$	611
	Contributions from noncontrolling interests		1		9
	Distributions to noncontrolling interests		-		-37
	Deconsolidation		-31		-127
	Comprehensive income (loss):
	Net income (loss)		-		-34
	Total comprehensive income (loss)		-		-34
	Other		-		-2
	Balance, end of period	$	-	$	420
	Six Months Ended June 30, 2013
	Balance, beginning of year	$	334	$	667
	Contributions from noncontrolling interests		48		13
	Distributions to noncontrolling interests		-144		-31
	Consolidation (deconsolidation)		-145		1
	Comprehensive income (loss):
	Net income		4		48
	Unrealized losses on investments		-15		-
	Foreign currency translation adjustments		-2		-4
	Total other comprehensive
	loss, net of tax		-17		-4
	Total comprehensive income (loss)		-13		44
	Other		-		-2
	Balance, end of period	$	80	$	692

EARNINGS_PER_SHARE_EPS_Tables

EARNINGS PER SHARE (EPS) (Tables)	6 Months Ended
	Jun. 30, 2014
EARNINGS PER SHARE (EPS)	'
Computation of basic and diluted EPS	'
		Three Months Ended				Six Months Ended
		June 30,				June 30,
	(dollars in millions, except per share data)		2014		2013		2014		2013
	Numerator for EPS:
	Income from continuing operations	$	3,006	$	2,740	$	4,665	$	4,898
	Less: Net income (loss) from continuing operations attributable to noncontrolling interests		-37		27		-34		52
	Income attributable to AIG common shareholders from continuing operations		3,043		2,713		4,699		4,846
	Income (loss) from discontinued operations, net of income tax expense		30		18		-17		91
	Net income attributable to AIG common shareholders		3,073		2,731		4,682		4,937
	Denominator for EPS:
	Weighted average shares outstanding - basic		1,442,397,111		1,476,512,720		1,450,776,629		1,476,491,719
	Dilutive shares		22,279,219		5,733,898		17,587,654		2,970,893
	Weighted average shares outstanding - diluted*		1,464,676,330		1,482,246,618		1,468,364,283		1,479,462,612
	Income per common share attributable to AIG:
	Basic:
	Income from continuing operations	$	2.11	$	1.84	$	3.24	$	3.28
	Income (loss) from discontinued operations	$	0.02	$	0.01	$	-0.01	$	0.06
	Net income attributable to AIG	$	2.13	$	1.85	$	3.23	$	3.34
	Diluted:
	Income from continuing operations	$	2.08	$	1.83	$	3.2	$	3.27
	Income (loss) from discontinued operations	$	0.02	$	0.01	$	-0.01	$	0.06
	Net income attributable to AIG	$	2.1	$	1.84	$	3.19	$	3.33
	* Dilutive shares are calculated using the treasury stock method and include dilutive shares from share-based employee compensation plans, a weighted average portion of the warrants issued to AIG shareholders as part of the recapitalization in January 2011 and a weighted average portion of the warrants issued to the Department of the Treasury in 2009 that we repurchased in the first quarter of 2013. The number of shares excluded from diluted shares outstanding was 0.3 million for both the three- and six-month periods ended June 30, 2014, and 75 million and 76 million for the three- and six-month periods ended June 30, 2013, respectively, because the effect of including those shares in the calculation would have been anti-dilutive.

EMPLOYEE_BENEFITS_Tables

EMPLOYEE BENEFITS (Tables)	6 Months Ended
	Jun. 30, 2014
EMPLOYEE BENEFITS	'
Components of net periodic benefit cost	'
		Pension						Postretirement
			U.S.		Non-U.S.				U.S.		Non-U.S.
	(in millions)		Plans		Plans		Total		Plans		Plans		Total
	Three Months Ended June 30, 2014
	Components of net periodic benefit cost:
	Service cost	$	44	$	10	$	54	$	1	$	1	$	2
	Interest cost		57		8		65		3		-		3
	Expected return on assets		-71		-5		-76		-		-		-
	Amortization of prior service (credit) cost		-9		-		-9		-3		-		-3
	Amortization of net (gain) loss		11		2		13		-		-		-
	Net periodic benefit cost	$	32	$	15	$	47	$	1	$	1	$	2
	Three Months Ended June 30, 2013
	Components of net periodic benefit cost:
	Service cost	$	44	$	12	$	56	$	2	$	1	$	3
	Interest cost		49		7		56		2		1		3
	Expected return on assets		-64		-5		-69		-		-		-
	Amortization of prior service (credit) cost		-9		-		-9		-2		-		-2
	Amortization of net (gain) loss		33		3		36		-		-		-
	Net periodic benefit cost	$	53	$	17	$	70	$	2	$	2	$	4
	Six Months Ended June 30, 2014
	Components of net periodic benefit cost:
	Service cost	$	88	$	21	$	109	$	2	$	1	$	3
	Interest cost		114		15		129		5		1		6
	Expected return on assets		-142		-11		-153		-		-		-
	Amortization of prior service (credit) cost		-17		-1		-18		-5		-		-5
	Amortization of net (gain) loss		22		4		26		-		-		-
	Net periodic benefit cost	$	65	$	28	$	93	$	2	$	2	$	4
	Six Months Ended June 30, 2013
	Components of net periodic benefit cost:
	Service cost	$	88	$	24	$	112	$	3	$	2	$	5
	Interest cost		98		15		113		4		1		5
	Expected return on assets		-129		-10		-139		-		-		-
	Amortization of prior service (credit) cost		-17		-1		-18		-5		-		-5
	Amortization of net (gain) loss		66		6		72		1		-		1
	Net periodic benefit cost	$	106	$	34	$	140	$	3	$	3	$	6

INFORMATION_PROVIDED_IN_CONNEC1

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Tables)	6 Months Ended
	Jun. 30, 2014
INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT	'
Condensed Consolidating Balance Sheets	'
			American
			International					Reclassifications
			Group, Inc.				Other		and	Consolidated
	(in millions)	(As Guarantor)		AIGLH			Subsidiaries		Eliminations		AIG
	30-Jun-14
	Assets:
	Short-term investments	$	12,892	$	-	$	9,313	$	-1,317	$	20,888
	Other investments(a)		11,025		-		338,063		-		349,088
	Total investments		23,917		-		347,376		-1,317		369,976
	Cash		160		2		1,665		-		1,827
	Loans to subsidiaries(b)		31,880		-		727		-32,607		-
	Investment in consolidated subsidiaries(b)		67,728		40,069		-		-107,797		-
	Other assets, including deferred income taxes		22,512		83		137,130		-2,419		157,306
	Total assets	$	146,197	$	40,154	$	486,898	$	-144,140	$	529,109
	Liabilities:
	Insurance liabilities	$	-	$	-	$	274,370	$	-	$	274,370
	Long-term debt		27,602		1,296		9,516		-		38,414
	Other liabilities, including intercompany balances(a)(c)		9,628		113		101,682		-3,679		107,744
	Loans from subsidiaries(b)		806		100		31,794		-32,700		-
	Total liabilities		38,036		1,509		417,362		-36,379		420,528
	Redeemable noncontrolling interests (see Note 12)		-		-		-		-		-
	Total AIG shareholders’ equity		108,161		38,645		69,116		-107,761		108,161
	Non-redeemable noncontrolling interests		-		-		420		-		420
	Total equity		108,161		38,645		69,536		-107,761		108,581
	Total liabilities and equity	$	146,197	$	40,154	$	486,898	$	-144,140	$	529,109
	31-Dec-13
	Assets:
	Short-term investments	$	11,965	$	-	$	11,404	$	-1,752	$	21,617
	Other investments(a)		7,561		-		327,250		-		334,811
	Total investments		19,526		-		338,654		-1,752		356,428
	Cash		30		51		2,160		-		2,241
	Loans to subsidiaries(b)		31,220		-		854		-32,074		-
	Investment in consolidated subsidiaries(b)		66,201		39,103		-		-105,304		-
	Other assets, including deferred income taxes		21,606		112		132,492		-1,086		153,124
	Assets held for sale		-		-		29,536		-		29,536
	Total assets	$	138,583	$	39,266	$	503,696	$	-140,216	$	541,329
	Liabilities:
	Insurance liabilities	$	-	$	-	$	271,252	$	-	$	271,252
	Long-term debt		30,839		1,352		9,502		-		41,693
	Other liabilities, including intercompany balances(a)(c)		6,422		161		98,908		-2,766		102,725
	Loans from subsidiaries(b)		852		200		31,173		-32,225		-
	Liabilities held for sale		-		-		24,548		-		24,548
	Total liabilities		38,113		1,713		435,383		-34,991		440,218
	Redeemable noncontrolling interests (see Note 12)		-		-		30		-		30
	Total AIG shareholders’ equity		100,470		37,553		67,672		-105,225		100,470
	Non-redeemable noncontrolling interests		-		-		611		-		611
	Total equity		100,470		37,553		68,283		-105,225		101,081
	Total liabilities and equity	$	138,583	$	39,266	$	503,696	$	-140,216	$	541,329
	(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment.
	(b) Eliminated in consolidation.
	(c) For June 30, 2014 and December 31, 2013, includes intercompany tax payable of $2.9 billion and $1.4 billion, respectively, and intercompany derivative liabilities of $229 million and $249 million, respectively, for American International Group, Inc. (As Guarantor) and intercompany tax receivable (payable) of $ (19) million and $98 million, respectively, for AIGLH.
Condensed Consolidating Statements of Income (loss)	'
			American
			International						Reclassifications
			Group, Inc.				Other		and		Consolidated
	(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
	Three Months Ended June 30, 2014
	Revenues:
	Equity in earnings of consolidated subsidiaries*	$	3,503	$	744	$	-	$	-4,247	$	-
	Other income		255		-		15,922		-72		16,105
	Total revenues		3,758		744		15,922		-4,319		16,105
	Expenses:
	Interest expense		410		29		57		-33		463
	Loss on extinguishment of debt		17		-		17		-		34
	Other expenses		784		17		10,368		-41		11,128
	Total expenses		1,211		46		10,442		-74		11,625
	Income (loss) from continuing operations before income tax
	expense (benefit)		2,547		698		5,480		-4,245		4,480
	Income tax expense (benefit)		-527		123		1,878		-		1,474
	Income (loss) from continuing operations		3,074		575		3,602		-4,245		3,006
	Income (loss) from discontinued operations, net of income taxes		-1		-		31		-		30
	Net income (loss)		3,073		575		3,633		-4,245		3,036
	Less:
	Net loss from continuing operations attributable to
	noncontrolling interests		-		-		-37		-		-37
	Net income (loss) attributable to AIG	$	3,073	$	575	$	3,670	$	-4,245	$	3,073
	Three Months Ended June 30, 2013
	Revenues:
	Equity in earnings of consolidated subsidiaries*	$	2,374	$	754	$	-	$	-3,128	$	-
	Other income		673		-		17,837		-84		18,426
	Total revenues		3,047		754		17,837		-3,212		18,426
	Expenses:
	Interest expense		482		32		36		-15		535
	Net loss on extinguishment of debt		38		-		-		-		38
	Other expenses		335		-		14,410		-57		14,688
	Total expenses		855		32		14,446		-72		15,261
	Income (loss) from continuing operations before income tax
	expense (benefit)		2,192		722		3,391		-3,140		3,165
	Income tax expense (benefit)		-538		-3		970		-4		425
	Income (loss) from continuing operations		2,730		725		2,421		-3,136		2,740
	Income from discontinued operations, net of income taxes		1		-		17		-		18
	Net income (loss)		2,731		725		2,438		-3,136		2,758
	Less:
	Net income from continuing operations attributable to
	noncontrolling interests		-		-		27		-		27
	Net income (loss) attributable to AIG	$	2,731	$	725	$	2,411	$	-3,136	$	2,731
		American
		International						Reclassifications
		Group, Inc.				Other			and	Consolidated
	(in millions)	(As Guarantor)		AIGLH		Subsidiaries		Eliminations			AIG
	Six Months Ended June 30, 2014
	Revenues:
	Equity in earnings of consolidated subsidiaries*	$	5,488	$	1,474	$	-	$	-6,962	$	-
	Other income		479		-		31,922		-184		32,217
	Total revenues		5,967		1,474		31,922		-7,146		32,217
	Expenses:
	Interest expense		832		58		118		-66		942
	Loss on extinguishment of debt		305		-		17		-50		272
	Other expenses		1,026		18		23,286		-80		24,250
	Total expenses		2,163		76		23,421		-196		25,464
	Income (loss) from continuing operations before income tax
	expense (benefit)		3,804		1,398		8,501		-6,950		6,753
	Income tax expense (benefit)		-876		-21		3,004		-19		2,088
	Income (loss) from continuing operations		4,680		1,419		5,497		-6,931		4,665
	Income (loss) from discontinued operations, net of income taxes		2		-		-19		-		-17
Net income (loss)		4,682		1,419		5,478		-6,931		4,648
Less:
Net loss from continuing operations attributable to
noncontrolling interests		-		-		-34		-		-34
Net income (loss) attributable to AIG	$	4,682	$	1,419	$	5,512	$	-6,931	$	4,682
Six Months Ended June 30, 2013
Revenues:
Equity in earnings of consolidated subsidiaries*	$	4,265	$	1,424	$	-	$	-5,689	$	-
Other income		967		-		34,574		-153		35,388
Total revenues		5,232		1,424		34,574		-5,842		35,388
Expenses:
Interest expense		1,010		68		118		-84		1,112
Net loss on extinguishment of debt		307		-		71		-		378
Other expenses		593		71		27,251		-57		27,858
Total expenses		1,910		139		27,440		-141		29,348
Income (loss) from continuing operations before income tax
expense (benefit)		3,322		1,285		7,134		-5,701		6,040
Income tax expense (benefit)		-1,618		-14		2,778		-4		1,142
Income (loss) from continuing operations		4,940		1,299		4,356		-5,697		4,898
Income (loss) from discontinued operations, net of income taxes		-3		-		94		-		91
Net income (loss)		4,937		1,299		4,450		-5,697		4,989
Less:
Net income from continuing operations attributable to
noncontrolling interests		-		-		52		-		52
Net income (loss) attributable to AIG	$	4,937	$	1,299	$	4,398	$	-5,697	$	4,937
* Eliminated in consolidation.
Condensed Consolidating Statements of Comprehensive Income (loss)	'
			American
			International						Reclassifications
			Group, Inc.				Other		and		Consolidated
	(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
	Three Months Ended June 30, 2014
	Net income (loss)	$	3,073	$	575	$	3,633	$	-4,245	$	3,036
	Other comprehensive income (loss)		2,426		1,287		1,884		-3,171		2,426
	Comprehensive income (loss)		5,499		1,862		5,517		-7,416		5,462
	Total comprehensive loss attributable to noncontrolling interests		-		-		-37		-		-37
	Comprehensive income (loss) attributable to AIG	$	5,499	$	1,862	$	5,554	$	-7,416	$	5,499
	Three Months Ended June 30, 2013
	Net income (loss)	$	2,731	$	725	$	2,438	$	-3,136	$	2,758
	Other comprehensive income (loss)		-4,800		-3,351		-4,707		8,037		-4,821
	Comprehensive income (loss)		-2,069		-2,626		-2,269		4,901		-2,063
	Total comprehensive income attributable to noncontrolling interests		-		-		6		-		6
	Comprehensive income (loss) attributable to AIG	$	-2,069	$	-2,626	$	-2,275	$	4,901	$	-2,069
	Six Months Ended June 30, 2014
	Net income (loss)	$	4,682	$	1,419	$	5,478	$	-6,931	$	4,648
	Other comprehensive income (loss)		5,151		2,781		3,733		-6,514		5,151
	Comprehensive income (loss)		9,833		4,200		9,211		-13,445		9,799
	Total comprehensive loss attributable to noncontrolling interests		-		-		-34		-		-34
	Comprehensive income (loss) attributable to AIG	$	9,833	$	4,200	$	9,245	$	-13,445	$	9,833
	Six Months Ended June 30, 2013
	Net income (loss)	$	4,937	$	1,299	$	4,450	$	-5,697	$	4,989
	Other comprehensive income (loss)		-5,535		-3,990		-5,627		9,596		-5,556
	Comprehensive income (loss)		-598		-2,691		-1,177		3,899		-567
	Total comprehensive income attributable to noncontrolling interests		-		-		31		-		31
	Comprehensive income (loss) attributable to AIG	$	-598	$	-2,691	$	-1,208	$	3,899	$	-598
Condensed Consolidating Statements of Cash Flows	'
			American				Other
			International				Subsidiaries
			Group, Inc.				and		Consolidated
	(in millions)		(As Guarantor)		AIGLH		Eliminations		AIG
	Six Months Ended June 30, 2014
	Net cash (used in) provided by operating activities		5,324		2,586		-6,269		1,641
	Cash flows from investing activities:
	Sales of investments		1,714		-		30,600		32,314
	Purchase of investments		-624		-		-27,533		-28,157
	Loans to subsidiaries - net		-530		-		530		-
	Contributions to subsidiaries - net		111		-		-111		-
	Net change in restricted cash		-20		-		-608		-628
	Net change in short-term investments		65		-		433		498
	Other, net		-27		-		-338		-365
	Net cash provided by investing activities		689		-		2,973		3,662
	Cash flows from financing activities:
	Issuance of long-term debt		-		-		3,028		3,028
	Repayments of long-term debt		-3,314		-		-2,713		-6,027
	Purchase of Common Stock		-1,849		-		-		-1,849
	Intercompany loans - net		-52		-175		227		-
	Cash dividends paid		-361		-2,460		2,460		-361
	Other, net		-307		-		-286		-593
	Net cash (used in) provided by financing activities		-5,883		-2,635		2,716		-5,802
	Effect of exchange rate changes on cash		-		-		-3		-3
	Change in cash		130		-49		-583		-502
	Cash at beginning of year		30		51		2,160		2,241
	Reclassification to assets held for sale		-		-		88		88
	Cash at end of period	$	160	$	2	$	1,665	$	1,827
	Six Months Ended June 30, 2013
	Net cash (used in) provided by operating activities		698		1,809		-833		1,674
	Cash flows from investing activities:
	Sales of investments		646		-		38,629		39,275
	Purchase of investments		-4,179		-		-38,683		-42,862
	Loans to subsidiaries - net		2,427		-		-2,427		-
	Contributions to subsidiaries - net		-86		-1		87		-
	Net change in restricted cash		422		-		794		1,216
	Net change in short-term investments		4,129		-		4,734		8,863
	Other, net		205		-		-626		-421
	Net cash (used in) provided by investing activities		3,564		-1		2,508		6,071
	Cash flows from financing activities:
	Issuance of long-term debt		-		-		2,338		2,338
	Repayments of long-term debt		-4,107		-245		-3,967		-8,319
	Intercompany loans - net		128		-123		-5		-
	Purchase of common stock		-		-		-		-
	Cash dividends paid to shareholders		-		-1,482		1,482		-
	Other, net		-257		-		-817		-1,074
	Net cash (used in) financing activities		-4,236		-1,850		-969		-7,055
	Effect of exchange rate changes on cash		-		-		-70		-70
	Change in cash		26		-42		636		620
	Cash at beginning of year		81		73		997		1,151
	Change in cash of businesses held for sale		-		-		-9		-9
	Cash at end of period	$	107	$	31	$	1,624	$	1,762
Supplementary Disclosure of Condensed Consolidating Cash Flow Information	'
			American				Other
			International				Subsidiaries
			Group, Inc.				and		Consolidated
	(in millions)		(As Guarantor)		AIGLH		Eliminations		AIG
	Cash (paid) received during the 2014 period for:
	Interest:
	Third party	$	-946	$	-51	$	-730	$	-1,727
	Intercompany		-1		-4		5		-
	Taxes:
	Income tax authorities	$	-17	$	-	$	-465	$	-482
	Intercompany		953		-		-953		-
	Cash (paid) received during the 2013 period for:
	Interest:
	Third party	$	-1,117	$	-57	$	-1,234	$	-2,408
	Intercompany		-5		-14		19		-
	Taxes:
	Income tax authorities	$	-6	$	-	$	-203	$	-209
	Intercompany		501		-78		-423		-
Supplementary disclosure of non-cash activities	'
	Six Months Ended June 30,
	(in millions)		2014		2013
	Intercompany non-cash financing and investing activities:
	Capital contributions
	to subsidiaries through forgiveness of loans	$	993	$	341
	Other capital contributions - net		-		245

BASIS_OF_PRESENTATION_Details

BASIS OF PRESENTATION (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013	14-May-14	14-May-14	5-May-14	Jun. 30, 2014	Jun. 30, 2014
In Billions, except Share data in Millions, unless otherwise specified			International Lease Finance Corporation (ILFC)	International Lease Finance Corporation (ILFC)	Aer Cap	Aer Cap	Minimum
							item
Basis of Presentation [Line Items]	'	'	'	'	'	'	'
Number of Countries in which the entity operates	'	'	'	'	'	'	130
Common stock, par value (in dollars per share)	$2.50	$2.50	'	'	'	'	'
Percentage of common stock agreed to be sold	'	'	'	100.00%	'	'	'
Consideration in cash	'	'	$7.60	'	'	$7.60	'
Number of shares received	'	'	97.6	'	97.6	'	'

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
			segment
Segment results	'	'	'	'
Number of reportable segments	'	'	2	'
Total revenues	$16,105	$18,426	$32,217	$35,388
Pre-tax Income (loss) from continuing operations	4,480	3,165	6,753	6,040
Operating Segments | Total AIG Property Casualty	'	'	'	'
Segment results	'	'	'	'
Total revenues	9,950	9,801	19,616	19,769
Pre-tax Income (loss) from continuing operations	1,490	1,205	2,799	2,819
Operating Segments | Total AIG Life and Retirement	'	'	'	'
Segment results	'	'	'	'
Total revenues	4,570	6,048	8,921	10,788
Pre-tax Income (loss) from continuing operations	1,249	1,719	2,481	3,289
Operating Segments | Other Operations	'	'	'	'
Segment results	'	'	'	'
Total revenues	1,804	2,836	4,064	5,277
Pre-tax Income (loss) from continuing operations	1,685	251	1,340	-130
Operating Segments | Reportable Subsegments | Total AIG Property Casualty | Commercial Insurance	'	'	'	'
Segment results	'	'	'	'
Total revenues	5,889	5,696	11,531	11,469
Pre-tax Income (loss) from continuing operations	863	535	1,576	1,576
Operating Segments | Reportable Subsegments | Total AIG Property Casualty | Consumer Insurance	'	'	'	'
Segment results	'	'	'	'
Total revenues	3,342	3,347	6,600	6,853
Pre-tax Income (loss) from continuing operations	157	91	184	244
Operating Segments | Reportable Subsegments | Total AIG Property Casualty | Other Insurance	'	'	'	'
Segment results	'	'	'	'
Total revenues	719	758	1,485	1,447
Pre-tax Income (loss) from continuing operations	470	579	1,039	999
Operating Segments | Reportable Subsegments | Total AIG Life and Retirement | Retail	'	'	'	'
Segment results	'	'	'	'
Total revenues	2,972	3,439	5,738	6,442
Pre-tax Income (loss) from continuing operations	738	1,177	1,403	2,173
Operating Segments | Reportable Subsegments | Total AIG Life and Retirement | Institutional	'	'	'	'
Segment results	'	'	'	'
Total revenues	1,598	2,609	3,183	4,346
Pre-tax Income (loss) from continuing operations	511	542	1,078	1,116
Operating Segments | Reportable Subsegments | Other Operations | Mortgage Guaranty	'	'	'	'
Segment results	'	'	'	'
Total revenues	260	243	509	474
Pre-tax Income (loss) from continuing operations	211	75	288	119
Operating Segments | Reportable Subsegments | Other Operations | Global Capital Markets	'	'	'	'
Segment results	'	'	'	'
Total revenues	286	232	345	505
Pre-tax Income (loss) from continuing operations	245	175	274	402
Operating Segments | Reportable Subsegments | Other Operations | Direct Investment Book	'	'	'	'
Segment results	'	'	'	'
Total revenues	365	815	830	1,226
Pre-tax Income (loss) from continuing operations	272	720	627	1,032
Operating Segments | Reportable Subsegments | Other Operations | Corporate and Other	'	'	'	'
Segment results	'	'	'	'
Total revenues	411	445	793	906
Pre-tax Income (loss) from continuing operations	956	-738	132	-1,746
Operating Segments | Reportable Subsegments | Other Operations | Aircraft Leasing	'	'	'	'
Segment results	'	'	'	'
Total revenues	489	1,111	1,602	2,185
Pre-tax Income (loss) from continuing operations	0	18	17	61
Operating Segments | Reportable Subsegments | Other Operations | Consolidation and elimination of reconciling items	'	'	'	'
Segment results	'	'	'	'
Total revenues	-7	-10	-15	-19
Pre-tax Income (loss) from continuing operations	1	1	2	2
Consolidation and Eliminations	'	'	'	'
Segment results	'	'	'	'
Total revenues	-219	-259	-384	-446
Pre-tax Income (loss) from continuing operations	$56	($10)	$133	$62

HELDFORSALE_CLASSIFICATION_AND2

HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS (Details) (USD $)

3 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

0 Months Ended

Share data in Millions, except Per Share data, unless otherwise specified

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

13-May-14

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

14-May-14

14-May-14

Dec. 31, 2013

Aer Cap

Aer Cap

AIG

AIG

AIG

AIG

Discontinued operations

Discontinued operations

Discontinued operations

Discontinued operations

International Lease Finance Corporation (ILFC)

International Lease Finance Corporation (ILFC)

Assets held-for-sale

Aer Cap

Revolving Credit Facility

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of common stock agreed to be sold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

Consideration in cash

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$7,600,000,000

'

'

Number of shares received

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

97.6

'

'

Common stock value

4,766,000,000

'

4,766,000,000

'

4,766,000,000

'

'

4,600,000,000

'

'

'

'

'

'

'

'

'

'

'

Before Tax gain on sale after settlement of intercompany loans

'

'

'

'

'

'

'

2,200,000,000

'

'

'

'

52,000,000

28,000,000

51,000,000

145,000,000

'

'

'

After-tax gain on sale on sale after settlement of intercompany loans

'

'

'

'

'

'

'

1,400,000,000

0

'

'

'

'

'

'

'

'

'

'

Aggregate commitment under revolving credit facility

'

'

'

'

'

'

'

'

'

'

'

1,000,000,000

'

'

'

'

'

'

'

Percentage of common stock held after closing transaction

'

'

'

'

'

'

46.00%

'

'

'

'

'

'

'

'

'

'

'

'

Closing price per share (in dollars per share)

'

'

'

'

'

'

$47.01

'

'

'

'

'

'

'

'

'

'

'

'

Difference between carrying amount and equity of AerCap

'

'

'

'

'

'

'

'

'

'

1,400,000,000

'

'

'

'

'

'

'

'

Difference between carrying amount and equity of AerCap amortized into income based on estimated lives of assets and liabilities

'

'

'

'

'

'

'

'

'

'

400,000,000

'

'

'

'

'

'

'

'

Net cash proceeds to AIG were after the settlement of intercompany loans

'

'

2,348,000,000

0

'

'

'

'

'

2,400,000,000

'

'

'

'

'

'

'

'

'

Assets:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity securities

4,048,000,000

'

4,048,000,000

'

3,656,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

3,000,000

Mortgage and other loans receivable, net

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

229,000,000

Flight equipment primarily under operating leases, net of accumulated depreciation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

35,508,000,000

Short-term investments

20,888,000,000

'

20,888,000,000

'

21,617,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

658,000,000

Cash

1,827,000,000

1,762,000,000

1,827,000,000

1,762,000,000

2,241,000,000

1,151,000,000

'

'

'

'

'

'

'

'

'

'

'

'

88,000,000

Premiums and other receivables, net of allowance

14,077,000,000

'

14,077,000,000

'

12,939,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

318,000,000

Other assets

9,399,000,000

'

9,399,000,000

'

9,366,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

2,066,000,000

Assets held for sale

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

38,870,000,000

Less: Loss Accrual

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-9,334,000,000

Total assets held for sale

0

'

0

'

29,536,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

29,536,000,000

Liabilities:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other liabilities

29,610,000,000

'

29,610,000,000

'

29,155,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

3,127,000,000

Long-term debt

38,414,000,000

'

38,414,000,000

'

41,693,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

21,421,000,000

Total liabilities held for sale

0

'

0

'

24,548,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

24,548,000,000

Income (loss) from divested business or operations:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gain (loss) on sale

'

'

'

'

'

'

'

2,200,000,000

'

'

'

'

52,000,000

28,000,000

51,000,000

145,000,000

'

'

'

Income (loss) from discontinued operations, before tax expense (benefit)

'

'

'

'

'

'

'

'

'

'

'

'

52,000,000

28,000,000

51,000,000

145,000,000

'

'

'

Income tax expense (benefit)

'

'

'

'

'

'

'

'

'

'

'

'

22,000,000

10,000,000

68,000,000

54,000,000

'

'

'

Income (loss) from discontinued operations, net of income tax expense

$30,000,000

$18,000,000

($17,000,000)

$91,000,000

'

'

'

'

'

'

'

'

$30,000,000

$18,000,000

($17,000,000)

$91,000,000

'

'

'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details - Fair Value Measurements on a Recurring Basis) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

In Millions, unless otherwise specified

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

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Recurring Basis

Recurring Basis

Recurring Basis

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Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

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Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

Recurring Basis

U.S. government and government sponsored entities

U.S. government and government sponsored entities

U.S. government and government sponsored entities

Non-U.S. government

Non-U.S. government

Non-U.S. government

Non-U.S. government

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Counterparty Netting

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Cash Collateral

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Interest rate contracts

Interest rate contracts

Foreign exchange contracts

Equity contracts

Equity contracts

Commodity contracts

Credit contracts

Other contracts

Counterparty netting and cash collateral

U.S. government and government sponsored entities

U.S. government and government sponsored entities

Obligations of states, municipalities and political subdivisions

Non-U.S. government

Non-U.S. government

Corporate debt

Residential mortgage backed securities (RMBS)

Commercial mortgage-backed securities (CMBS)

Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)

Common Stock

Common Stock

Preferred Stock

Mutual Funds

Mutual Funds

Interest rate contracts

Interest rate contracts

Foreign exchange contracts

Foreign exchange contracts

Equity contracts

Equity contracts

Commodity contracts

Commodity contracts

Credit contracts

Other contracts

Other contracts

Counterparty netting and cash collateral

U.S. government and government sponsored entities

U.S. government and government sponsored entities

Obligations of states, municipalities and political subdivisions

Obligations of states, municipalities and political subdivisions

Non-U.S. government

Non-U.S. government

Corporate debt

Corporate debt

Residential mortgage backed securities (RMBS)

Residential mortgage backed securities (RMBS)

Commercial mortgage-backed securities (CMBS)

Commercial mortgage-backed securities (CMBS)

Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)

Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)

Common Stock

Preferred Stock

Preferred Stock

Mutual Funds

Mutual Funds

Interest rate contracts

Interest rate contracts

Foreign exchange contracts

Equity contracts

Equity contracts

Commodity contracts

Commodity contracts

Credit contracts

Credit contracts

Other contracts

Other contracts

Counterparty netting and cash collateral

U.S. government and government sponsored entities

Obligations of states, municipalities and political subdivisions

Obligations of states, municipalities and political subdivisions

Non-U.S. government

Non-U.S. government

Corporate debt

Corporate debt

Residential mortgage backed securities (RMBS)

Residential mortgage backed securities (RMBS)

Commercial mortgage-backed securities (CMBS)

Commercial mortgage-backed securities (CMBS)

Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)

Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)

Common Stock

Common Stock

Preferred Stock

Mutual Funds

Interest rate contracts

Foreign exchange contracts

Equity contracts

Commodity contracts

Credit contracts

Other contracts

Counterparty netting and cash collateral

Counterparty netting and cash collateral

U.S. government and government sponsored entities

Obligations of states, municipalities and political subdivisions

Non-U.S. government

Corporate debt

Residential mortgage backed securities (RMBS)

Commercial mortgage-backed securities (CMBS)

Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)

Common Stock

Preferred Stock

Mutual Funds

Interest rate contracts

Foreign exchange contracts

Equity contracts

Commodity contracts

Credit contracts

Other contracts

Counterparty netting and cash collateral

Counterparty netting and cash collateral

U.S. government and government sponsored entities

Obligations of states, municipalities and political subdivisions

Non-U.S. government

Corporate debt

Residential mortgage backed securities (RMBS)

Commercial mortgage-backed securities (CMBS)

Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)

Common Stock

Preferred Stock

Mutual Funds

Interest rate contracts

Interest rate contracts

Foreign exchange contracts

Foreign exchange contracts

Equity contracts

Equity contracts

Commodity contracts

Commodity contracts

Credit contracts

Credit contracts

Other contracts

Other contracts

Counterparty netting and cash collateral

Counterparty netting and cash collateral

U.S. government and government sponsored entities

U.S. government and government sponsored entities

Obligations of states, municipalities and political subdivisions

Obligations of states, municipalities and political subdivisions

Non-U.S. government

Non-U.S. government

Corporate debt

Corporate debt

Residential mortgage backed securities (RMBS)

Residential mortgage backed securities (RMBS)

Commercial mortgage-backed securities (CMBS)

Commercial mortgage-backed securities (CMBS)

Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)

Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)

Common Stock

Common Stock

Preferred Stock

Preferred Stock

Mutual Funds

Mutual Funds

Fair Value, Assets Measured on Recurring Basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Bonds available for sale

$266,304

$258,274

'

'

'

'

'

'

'

'

'

$628

$641

'

'

'

'

'

'

'

'

'

$24

$133

$0

$604

$508

$0

$0

$0

$0

'

'

'

'

'

$231,788

$227,632

'

'

'

'

'

'

'

'

'

'

'

'

$2,801

$3,062

$27,731

$28,300

$21,551

$21,985

$147,560

$143,297

$21,363

$21,207

$6,477

$5,747

$4,305

$4,034

'

'

'

'

'

$33,888

$30,001

'

'

'

'

'

'

'

'

'

'

'

'

$0

$1,991

$1,080

$25

$16

$2,196

$1,255

$16,328

$14,941

$5,917

$5,735

$7,431

$6,974

'

'

'

'

$0

'

'

'

'

'

'

'

'

'

$0

$0

$0

$0

$0

$0

$0

'

'

'

$0

'

'

'

'

'

'

'

'

'

$0

$0

$0

$0

$0

$0

$0

'

'

'

$266,304

$258,274

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,825

$3,195

$29,722

$29,380

$22,180

$22,509

$149,756

$144,552

$37,691

$36,148

$12,394

$11,482

$11,736

$11,008

'

'

'

'

'

'

Other bond securities, at fair value (See Note 6)

21,430

22,623

'

'

'

'

'

'

'

'

'

89

78

'

'

'

'

'

'

'

'

'

89

78

0

0

'

0

0

0

0

'

'

'

'

'

11,125

11,930

'

'

'

'

'

'

'

'

'

'

'

'

5,291

5,645

123

121

2

2

1,055

1,169

1,216

1,326

553

509

2,885

3,158

'

'

'

'

'

10,216

10,615

'

'

'

'

'

'

'

'

'

'

'

'

0

0

'

0

'

0

'

1,062

937

757

844

8,397

8,834

'

'

'

'

0

'

'

'

'

'

'

'

'

'

0

0

0

0

0

0

0

'

'

'

0

'

'

'

'

'

'

'

'

'

0

0

0

0

0

0

0

'

'

'

21,430

22,623

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,380

5,723

123

121

2

2

1,055

1,169

2,278

2,263

1,310

1,353

11,282

11,992

'

'

'

'

'

'

Equity securities available for sale

4,048

3,656

'

'

'

'

'

'

'

'

'

4,016

3,626

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,253

3,218

0

763

408

32

29

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

28

27

2

2

0

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

1

0

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

0

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

0

0

4,048

3,656

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,255

3,219

28

27

765

410

Other equity securities

724

834

'

'

'

'

'

'

'

'

'

653

750

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

71

84

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

724

834

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage and other loans receivable

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other invested assets

8,869

8,598

'

'

'

'

'

'

'

'

'

25

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,020

2,667

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,824

5,930

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,869

8,598

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivative assets, at fair value

1,617

1,665

'

'

'

'

'

'

'

'

'

126

165

16

14

0

110

151

0

0

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,001

3,875

2,890

3,716

1,089

52

22

106

0

'

0

0

1

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

209

179

23

41

14

93

49

1

1

41

55

37

33

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,801

-1,734

0

0

0

0

0

0

-1,801

-1,734

'

'

'

'

'

'

'

'

'

'

-918

-820

0

0

0

0

0

0

-918

-820

'

'

'

'

'

'

'

'

'

'

1,617

1,665

2,929

3,771

1,103

52

225

306

1

1

41

55

37

34

-2,719

-2,554

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Short-term investments, portion measured at fair value

4,310

6,313

'

'

'

'

'

'

'

'

'

595

332

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,715

5,981

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,310

6,313

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Separate account assets, at fair value

75,718

71,059

'

'

'

'

'

'

'

'

'

72,986

67,708

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,732

3,351

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

75,718

71,059

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other assets

0

418

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

418

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

418

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value assets measured on recurring basis, total

'

'

'

'

'

'

'

'

'

'

'

79,118

73,301

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

256,484

255,967

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50,143

46,726

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,801

-1,734

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-918

-820

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

383,026

373,440

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value, Liabilities Measured on Recurring Basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Policyholder contract deposits, portion measured at fair value

898

384

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

56

72

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

842

312

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

898

384

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other policyholder funds

4,809

5,083

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivative liabilities, at fair value

2,416

2,511

'

'

'

'

'

'

'

'

'

1

'

0

'

0

1

'

0

0

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,211

4,111

2,589

3,661

1,525

319

93

101

4

5

0

0

25

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,331

1,618

90

141

23

2

'

0

'

1,126

1,335

90

142

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,801

-1,734

0

0

0

0

0

0

-1,801

-1,734

'

'

'

'

'

'

'

'

'

'

-1,326

-1,484

0

0

0

0

0

0

-1,326

-1,484

'

'

'

'

'

'

'

'

'

'

2,416

2,511

2,679

3,802

1,548

319

96

101

4

5

1,126

1,335

90

167

-3,127

-3,218

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term debt, portion measured at fair value

5,824

6,747

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,430

6,377

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

394

370

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,824

6,747

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other liabilities

569

933

'

'

'

'

'

'

'

'

'

208

42

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

361

891

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

569

933

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value liabilities measured on recurring basis, total

'

'

'

'

'

'

'

'

'

'

'

209

42

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,066

11,451

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,567

2,300

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,801

-1,734

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,326

-1,484

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,715

10,575

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assets transferred from Level 1 to Level 2

'

'

103

'

0

0

93

236

318

298

557

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assets transferred from Level 2 to Level 1

'

'

$0

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details - Changes in Level 3 Recurring Fair Value Measurements) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	$48,316	$41,360	$46,547	$39,353
Net Realized and Unrealized Gains (Losses) Included in Income	681	954	1,421	1,580
Other Comprehensive Income (Loss)	359	-478	795	214
Purchases, Sales, Issues and Settlements, Net	209	1,804	1,187	1,791
Gross Transfers in, assets	1,011	914	1,810	2,345
Gross Transfers out, assets	-642	-327	-1,826	-1,056
Balance End of Period	49,934	44,227	49,934	44,227
Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	143	308	335	135
Liabilities	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-2,471	-2,545	-2,121	-2,974
Net Realized and Unrealized Gains (Losses) Included in Income	52	557	-338	904
Other Comprehensive Income (Loss)	32	8	23	8
Purchases, Sales, Issues and Settlements-Net	29	124	80	210
Gross Transfers in, liabilities	0	2	-22	-3
Gross Transfers out, liabilities	0	0	20	1
Balance at the End of the Period	-2,358	-1,854	-2,358	-1,854
Liabilities | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	66	629	89	1,098
Policyholder contract deposits	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-765	-1,047	-312	-1,257
Net Realized and Unrealized Gains (Losses) Included in Income	-58	410	-532	615
Other Comprehensive Income (Loss)	-16	0	-24	0
Purchases, Sales, Issues and Settlements-Net	-3	51	26	56
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	-842	-586	-842	-586
Policyholder contract deposits | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	-37	440	-120	664
Derivative liabilities, net	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-1,303	-1,091	-1,439	-1,373
Net Realized and Unrealized Gains (Losses) Included in Income	115	162	202	384
Other Comprehensive Income (Loss)	48	8	47	8
Purchases, Sales, Issues and Settlements-Net	18	70	21	132
Gross Transfers in, liabilities	0	2	48	-1
Gross Transfers out, liabilities	0	0	-1	1
Balance at the End of the Period	-1,122	-849	-1,122	-849
Derivative liabilities, net | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	107	202	204	456
Interest rate contracts	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-98	756	-100	732
Net Realized and Unrealized Gains (Losses) Included in Income	8	3	2	14
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	23	20	32	33
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	0	-1	0
Balance at the End of the Period	-67	779	-67	779
Interest rate contracts | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	8	7	4	9
Foreign exchange contracts	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	0	'	0	'
Net Realized and Unrealized Gains (Losses) Included in Income	3	'	3	'
Other Comprehensive Income (Loss)	0	'	0	'
Purchases, Sales, Issues and Settlements-Net	-12	'	-12	'
Gross Transfers in, liabilities	0	'	0	'
Gross Transfers out, liabilities	0	'	0	'
Balance at the End of the Period	-9	'	-9	'
Foreign exchange contracts | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	3	'	4	'
Equity contracts	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	88	66	49	47
Net Realized and Unrealized Gains (Losses) Included in Income	11	8	8	36
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	-8	-6	-14	-14
Gross Transfers in, liabilities	0	2	48	1
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	91	70	91	70
Equity contracts | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	11	5	5	27
Commodity contracts	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	1	1	1	1
Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	0
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	0	0	0	-1
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	0	0	1
Balance at the End of the Period	1	1	1	1
Commodity contracts | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Purchases, Sales, Issues and Settlements-Net	'	0	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	0	0	0	1
Credit contracts	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-1,185	-1,775	-1,280	-1,991
Net Realized and Unrealized Gains (Losses) Included in Income	75	138	154	313
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	25	43	41	84
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	-1,085	-1,594	-1,085	-1,594
Credit contracts | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	69	181	164	396
Other contracts	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-109	-139	-109	-162
Net Realized and Unrealized Gains (Losses) Included in Income	18	13	35	21
Other Comprehensive Income (Loss)	48	8	47	8
Purchases, Sales, Issues and Settlements-Net	-10	13	-26	30
Gross Transfers in, liabilities	0	0	0	-2
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	-53	-105	-53	-105
Other contracts | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	16	9	27	23
Long-term debt	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-403	-407	-370	-344
Net Realized and Unrealized Gains (Losses) Included in Income	-5	-15	-8	-95
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	14	3	33	22
Gross Transfers in, liabilities	0	0	-70	-2
Gross Transfers out, liabilities	0	'	21	'
Balance at the End of the Period	-394	-419	-394	-419
Long-term debt | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Gross Transfers out, liabilities	'	0	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	-4	-13	5	-22
Bonds available for sale	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	31,989	25,474	30,001	24,152
Net Realized and Unrealized Gains (Losses) Included in Income	295	299	576	537
Other Comprehensive Income (Loss)	364	-506	746	195
Purchases, Sales, Issues and Settlements, Net	726	2,254	2,093	2,715
Gross Transfers in, assets	1,002	470	1,716	892
Gross Transfers out, assets	-488	-101	-1,244	-601
Balance End of Period	33,888	27,890	33,888	27,890
Bonds available for sale | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0	0	0
Bonds available for sale | Obligations of states, municipalities and political subdivisions	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	2,042	1,019	1,080	1,024
Net Realized and Unrealized Gains (Losses) Included in Income	0	24	0	25
Other Comprehensive Income (Loss)	74	-145	191	-150
Purchases, Sales, Issues and Settlements, Net	7	69	853	205
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	-132	-22	-133	-159
Balance End of Period	1,991	945	1,991	945
Bonds available for sale | Obligations of states, municipalities and political subdivisions | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0	0	0
Bonds available for sale | Non-U.S. government	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	17	18	16	14
Net Realized and Unrealized Gains (Losses) Included in Income	0	-1	0	0
Other Comprehensive Income (Loss)	0	0	-1	0
Purchases, Sales, Issues and Settlements, Net	4	4	6	6
Gross Transfers in, assets	4	0	4	1
Gross Transfers out, assets	0	-1	0	-1
Balance End of Period	25	20	25	20
Bonds available for sale | Non-U.S. government | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0	0	0
Bonds available for sale | Corporate debt	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	1,815	1,449	1,255	1,487
Net Realized and Unrealized Gains (Losses) Included in Income	9	0	6	-4
Other Comprehensive Income (Loss)	33	-20	53	-14
Purchases, Sales, Issues and Settlements, Net	-71	8	-67	30
Gross Transfers in, assets	707	256	1,355	332
Gross Transfers out, assets	-297	-59	-406	-197
Balance End of Period	2,196	1,634	2,196	1,634
Bonds available for sale | Corporate debt | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0	0	0
Bonds available for sale | Residential mortgage backed securities (RMBS)	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	15,764	12,096	14,941	11,662
Net Realized and Unrealized Gains (Losses) Included in Income	251	204	495	408
Other Comprehensive Income (Loss)	127	-144	260	339
Purchases, Sales, Issues and Settlements, Net	67	1,529	624	1,266
Gross Transfers in, assets	119	9	119	19
Gross Transfers out, assets	0	0	-111	0
Balance End of Period	16,328	13,694	16,328	13,694
Bonds available for sale | Residential mortgage backed securities (RMBS) | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0	0	0
Bonds available for sale | Commercial mortgage-backed securities (CMBS)	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	5,741	5,315	5,735	5,124
Net Realized and Unrealized Gains (Losses) Included in Income	17	0	23	11
Other Comprehensive Income (Loss)	129	-121	240	20
Purchases, Sales, Issues and Settlements, Net	-7	263	-57	188
Gross Transfers in, assets	69	7	69	161
Gross Transfers out, assets	-32	-9	-93	-49
Balance End of Period	5,917	5,455	5,917	5,455
Bonds available for sale | Commercial mortgage-backed securities (CMBS) | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0	0	0
Bonds available for sale | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	6,610	5,577	6,974	4,841
Net Realized and Unrealized Gains (Losses) Included in Income	18	72	52	97
Other Comprehensive Income (Loss)	1	-76	3	0
Purchases, Sales, Issues and Settlements, Net	726	381	734	1,020
Gross Transfers in, assets	103	198	169	379
Gross Transfers out, assets	-27	-10	-501	-195
Balance End of Period	7,431	6,142	7,431	6,142
Bonds available for sale | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS) | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0	0	0
Other Bond securities	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	10,337	10,348	10,615	9,744
Net Realized and Unrealized Gains (Losses) Included in Income	378	556	758	874
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	-508	-549	-946	-1,011
Gross Transfers in, assets	9	226	9	1,109
Gross Transfers out, assets	0	-7	-220	-142
Balance End of Period	10,216	10,574	10,216	10,574
Other Bond securities | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	143	308	335	135
Other Bond securities | Residential mortgage backed securities (RMBS)	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	1,069	730	937	396
Net Realized and Unrealized Gains (Losses) Included in Income	23	-12	51	10
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	-32	64	72	138
Gross Transfers in, assets	2	0	2	238
Gross Transfers out, assets	0	0	0	0
Balance End of Period	1,062	782	1,062	782
Other Bond securities | Residential mortgage backed securities (RMBS) | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	2	-12	17	-40
Other Bond securities | Commercial mortgage-backed securities (CMBS)	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	770	776	844	812
Net Realized and Unrealized Gains (Losses) Included in Income	21	-1	38	11
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	-40	-41	-131	-140
Gross Transfers in, assets	6	93	6	251
Gross Transfers out, assets	0	-7	0	-114
Balance End of Period	757	820	757	820
Other Bond securities | Commercial mortgage-backed securities (CMBS) | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	19	-16	32	-42
Other Bond securities | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	8,498	8,842	8,834	8,536
Net Realized and Unrealized Gains (Losses) Included in Income	334	569	669	853
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	-436	-572	-887	-1,009
Gross Transfers in, assets	1	133	1	620
Gross Transfers out, assets	0	0	-220	-28
Balance End of Period	8,397	8,972	8,397	8,972
Other Bond securities | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS) | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	122	336	286	217
Equity securities available for sale	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	0	71	1	68
Net Realized and Unrealized Gains (Losses) Included in Income	0	-9	0	0
Other Comprehensive Income (Loss)	0	5	0	9
Purchases, Sales, Issues and Settlements, Net	0	57	0	47
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	0	0	-1	0
Balance End of Period	0	124	0	124
Equity securities available for sale | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0	0	0
Equity securities available for sale | Common Stock	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	0	22	1	24
Net Realized and Unrealized Gains (Losses) Included in Income	0	-9	0	0
Other Comprehensive Income (Loss)	0	6	0	5
Purchases, Sales, Issues and Settlements, Net	0	57	0	47
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	0	0	-1	0
Balance End of Period	0	76	0	76
Equity securities available for sale | Common Stock | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0	0	0
Equity securities available for sale | Preferred Stock	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	0	49	0	44
Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	0
Other Comprehensive Income (Loss)	0	-1	0	4
Purchases, Sales, Issues and Settlements, Net	0	0	0	0
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	0	0	0	0
Balance End of Period	0	48	0	48
Equity securities available for sale | Preferred Stock | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0	0	0
Other invested assets	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	5,990	5,467	5,930	5,389
Net Realized and Unrealized Gains (Losses) Included in Income	8	108	87	169
Other Comprehensive Income (Loss)	-5	23	49	10
Purchases, Sales, Issues and Settlements, Net	-15	42	34	40
Gross Transfers in, assets	0	218	85	344
Gross Transfers out, assets	-154	-219	-361	-313
Balance End of Period	5,824	5,639	5,824	5,639
Other invested assets | Trading Revenue	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	'	0	'
Mortgage and other loans receivable	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Purchases, Sales, Issues and Settlements, Net	6	'	6	'
Balance End of Period	$6	'	$6	'

FAIR_VALUE_MEASUREMENTS_Detail2

FAIR VALUE MEASUREMENTS (Details - Net realized and unrealized gains and losses related to Level 3) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	$681	$954	$1,421	$1,580
Policyholder contract deposits	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, liabilities	-58	410	-532	615
Policyholder contract deposits | Investment Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, liabilities	0	0	0	0
Policyholder contract deposits | Net realized capital gains (losses)	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, liabilities	-58	410	-532	615
Policyholder contract deposits | Other Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, liabilities	0	0	0	0
Derivative liabilities, net	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, liabilities	115	162	202	384
Derivative liabilities, net | Investment Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, liabilities	16	15	31	15
Derivative liabilities, net | Net realized capital gains (losses)	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, liabilities	8	-5	5	17
Derivative liabilities, net | Other Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, liabilities	91	152	166	352
Long-term debt	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, liabilities	-5	-15	-8	-95
Long-term debt | Investment Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, liabilities	0	0	0	0
Long-term debt | Net realized capital gains (losses)	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, liabilities	0	0	0	0
Long-term debt | Other Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, liabilities	-5	-15	-8	-95
Bonds available for sale	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	295	299	576	537
Bonds available for sale | Investment Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	298	239	602	449
Bonds available for sale | Net realized capital gains (losses)	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	-15	6	-51	13
Bonds available for sale | Other Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	12	54	25	75
Other Bond securities	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	378	556	758	874
Other Bond securities | Investment Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	49	-5	100	28
Other Bond securities | Net realized capital gains (losses)	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	1	0	2	0
Other Bond securities | Other Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	328	561	656	846
Equity securities	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	0	-9	0	0
Equity securities | Investment Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	0	0	'	0
Equity securities | Net realized capital gains (losses)	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	0	-9	'	0
Equity securities | Other Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	0	0	0	0
Other invested assets	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	8	108	87	169
Other invested assets | Investment Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	12	107	89	154
Other invested assets | Net realized capital gains (losses)	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	-9	-22	-13	-28
Other invested assets | Other Income	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items	'	'	'	'
Net realized and unrealized gains and losses related to Level 3 items, assets	$5	$23	$11	$43

FAIR_VALUE_MEASUREMENTS_Detail3

FAIR VALUE MEASUREMENTS (Details - Gross components of purchases, sales, issues and settlements) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, Sales, Issues and Settlements, Net, assets	$209	$1,804	$1,187	$1,791
Transfers into Level 3 at end of reporting period, net gains (losses) not included in realized and unrealized gains and losses related to Level 3 for the period	14	17	37	-55
Transfers out Level 3 at end of reporting period, net gains (losses) not included in realized and unrealized gains and losses related to Level 3 for the period.	-25	10	-2	12
Liabilities [Member]	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, liabilities	0	2	1	5
Sales, liabilities	-46	-3	-58	-13
Settlements, liabilities	75	125	137	218
Purchases, Sales, Issues and Settlements, Net, liabilities	29	124	80	210
Policyholder contract deposits	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, liabilities	0	0	0	0
Sales, liabilities	-46	-6	-58	-12
Settlements, liabilities	43	57	84	68
Purchases, Sales, Issues and Settlements, Net, liabilities	-3	51	26	56
Derivative liabilities, net	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, liabilities	0	2	1	5
Sales, liabilities	0	3	0	-1
Settlements, liabilities	18	65	20	128
Purchases, Sales, Issues and Settlements, Net, liabilities	18	70	21	132
Long-term debt	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, liabilities	0	0	0	0
Sales, liabilities	0	0	0	0
Settlements, liabilities	14	3	33	22
Purchases, Sales, Issues and Settlements, Net, liabilities	14	3	33	22
Assets [Member]	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	1,887	3,969	4,773	6,557
Sales, assets	-64	-230	-166	-886
Settlements, assets	-1,614	-1,935	-3,420	-3,880
Purchases, Sales, Issues and Settlements, Net, assets	209	1,804	1,187	1,791
Bonds available for sale	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	1,700	3,469	4,128	5,500
Sales, assets	-41	-213	-125	-771
Settlements, assets	-933	-1,002	-1,910	-2,014
Purchases, Sales, Issues and Settlements, Net, assets	726	2,254	2,093	2,715
Bonds available for sale | Obligations of states, municipalities and political subdivisions	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	48	150	936	308
Sales, assets	-27	-81	-32	-103
Settlements, assets	-14	0	-51	0
Purchases, Sales, Issues and Settlements, Net, assets	7	69	853	205
Bonds available for sale | Non-U.S. government	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	5	5	7	8
Sales, assets	0	0	0	0
Settlements, assets	-1	-1	-1	-2
Purchases, Sales, Issues and Settlements, Net, assets	4	4	6	6
Bonds available for sale | Corporate debt	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	63	211	119	308
Sales, assets	-1	-114	-8	-114
Settlements, assets	-133	-89	-178	-164
Purchases, Sales, Issues and Settlements, Net, assets	-71	8	-67	30
Bonds available for sale | Residential mortgage backed securities (RMBS)	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	665	2,110	1,752	2,712
Sales, assets	-11	0	-26	-231
Settlements, assets	-587	-581	-1,102	-1,215
Purchases, Sales, Issues and Settlements, Net, assets	67	1,529	624	1,266
Bonds available for sale | Commercial mortgage-backed securities (CMBS)	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	27	320	92	693
Sales, assets	0	-18	-57	-164
Settlements, assets	-34	-39	-92	-341
Purchases, Sales, Issues and Settlements, Net, assets	-7	263	-57	188
Bonds available for sale | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	892	673	1,222	1,471
Sales, assets	-2	0	-2	-159
Settlements, assets	-164	-292	-486	-292
Purchases, Sales, Issues and Settlements, Net, assets	726	381	734	1,020
Other Bond securities	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	44	237	206	550
Sales, assets	-22	0	-40	-58
Settlements, assets	-530	-786	-1,112	-1,503
Purchases, Sales, Issues and Settlements, Net, assets	-508	-549	-946	-1,011
Other Bond securities | Corporate debt	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	'	'	'	0
Sales, assets	'	'	'	0
Settlements, assets	'	'	'	0
Other Bond securities | Residential mortgage backed securities (RMBS)	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	21	108	162	213
Sales, assets	-14	0	-19	0
Settlements, assets	-39	-44	-71	-75
Purchases, Sales, Issues and Settlements, Net, assets	-32	64	72	138
Other Bond securities | Commercial mortgage-backed securities (CMBS)	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	0	0	0	19
Sales, assets	0	0	-6	-58
Settlements, assets	-40	-41	-125	-101
Purchases, Sales, Issues and Settlements, Net, assets	-40	-41	-131	-140
Other Bond securities | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	23	129	44	318
Sales, assets	-8	0	-15	0
Settlements, assets	-451	-701	-916	-1,327
Purchases, Sales, Issues and Settlements, Net, assets	-436	-572	-887	-1,009
Equity securities	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	'	58	0	59
Sales, assets	'	-1	0	-11
Settlements, assets	'	0	0	-1
Purchases, Sales, Issues and Settlements, Net, assets	'	57	0	47
Other invested assets	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	137	205	433	448
Sales, assets	-1	-16	-1	-46
Settlements, assets	-151	-147	-398	-362
Purchases, Sales, Issues and Settlements, Net, assets	-15	42	34	40
Mortgage and other loans receivable, net of allowance	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation	'	'	'	'
Purchases, assets	6	'	6	'
Purchases, Sales, Issues and Settlements, Net, assets	$6	'	$6	'

FAIR_VALUE_MEASUREMENTS_Detail4

FAIR VALUE MEASUREMENTS (Details - Quantitative Information About Level 3 Fair Value Measurements - Assets) (Level 3, USD $)	6 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Corporate debt | Discounted cash flow	'	'
Fair value inputs, assets, quantitative information	'	'
Fair Value	1,365	788
Corporate debt | Discounted cash flow | Minimum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	0.00%	0.00%
Corporate debt | Discounted cash flow | Maximum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	7.99%	14.29%
Corporate debt | Discounted cash flow | Weighted-average	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	5.69%	6.64%
Residential mortgage backed securities | Discounted cash flow	'	'
Fair value inputs, assets, quantitative information	'	'
Fair Value	16,844	14,419
Residential mortgage backed securities | Discounted cash flow | Minimum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	2.51%	2.54%
Constant prepayment rate	0.20%	0.00%
Loss severity	44.22%	42.60%
Constant default rate	3.90%	3.98%
Residential mortgage backed securities | Discounted cash flow | Maximum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	6.61%	7.40%
Constant prepayment rate	9.91%	10.35%
Loss severity	79.45%	79.07%
Constant default rate	11.11%	12.22%
Residential mortgage backed securities | Discounted cash flow | Weighted-average	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	4.56%	4.97%
Constant prepayment rate	5.05%	4.97%
Loss severity	61.83%	60.84%
Constant default rate	7.50%	8.10%
Certain CDO/ABS | Discounted cash flow	'	'
Fair value inputs, assets, quantitative information	'	'
Fair Value	5,364	5,414
Certain CDO/ABS | Discounted cash flow | Minimum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	4.90%	5.20%
Constant prepayment rate	6.10%	5.20%
Loss severity	46.20%	48.60%
Constant default rate	2.80%	3.20%
Certain CDO/ABS | Discounted cash flow | Maximum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	10.40%	11.50%
Constant prepayment rate	11.30%	10.80%
Loss severity	60.90%	63.40%
Constant default rate	15.30%	16.20%
Certain CDO/ABS | Discounted cash flow | Weighted-average	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	8.40%	9.40%
Constant prepayment rate	9.00%	8.20%
Loss severity	54.00%	56.40%
Constant default rate	8.40%	9.00%
Commercial mortgage backed securities | Discounted cash flow	'	'
Fair value inputs, assets, quantitative information	'	'
Fair Value	6,142	5,847
Commercial mortgage backed securities | Discounted cash flow | Minimum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	0.00%	0.00%
Commercial mortgage backed securities | Discounted cash flow | Maximum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	13.53%	14.69%
Commercial mortgage backed securities | Discounted cash flow | Weighted-average	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	4.52%	5.58%
CDO/ABS - Direct Investment book | Binomial Expansion Technique	'	'
Fair value inputs, assets, quantitative information	'	'
Fair Value	568	557
CDO/ABS - Direct Investment book | Binomial Expansion Technique | Minimum	'	'
Fair value inputs, assets, quantitative information	'	'
Recovery rates	6.00%	6.00%
Diversity score	6	5
Weighted average life	'0 years 6 months 14 days	'1 year 0 months 25 days
CDO/ABS - Direct Investment book | Binomial Expansion Technique | Maximum	'	'
Fair value inputs, assets, quantitative information	'	'
Recovery rates	59.00%	63.00%
Diversity score	30	35
Weighted average life	'11 years 2 months 12 days	'9 years 5 months 19 days
CDO/ABS - Direct Investment book | Binomial Expansion Technique | Weighted-average	'	'
Fair value inputs, assets, quantitative information	'	'
Recovery rates	24.00%	25.00%
Diversity score	15.3	12
Weighted average life	'5 years 2 months 19 days	'4 years 10 months 10 days
Obligations of states, municipalities and political subdivisions | Discounted cash flow	'	'
Fair value inputs, assets, quantitative information	'	'
Fair Value	1,099	920
Obligations of states, municipalities and political subdivisions | Discounted cash flow | Minimum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	4.14%	4.94%
Obligations of states, municipalities and political subdivisions | Discounted cash flow | Maximum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	4.90%	5.86%
Obligations of states, municipalities and political subdivisions | Discounted cash flow | Weighted-average	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	4.52%	5.40%

FAIR_VALUE_MEASUREMENTS_Detail5

FAIR VALUE MEASUREMENTS (Details - Quantitative Information About Level 3 Fair Value Measurements - Liabilities) (Level 3, USD $)	6 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Policyholder contract deposits	'	'
Significant unobservable inputs used for recurring fair value measurements	'	'
Fair value	842	312
Policyholder contract deposits | Discounted cash flow | Minimum	'	'
Significant unobservable inputs used for recurring fair value measurements	'	'
Equity implied volatility	6.00%	6.00%
Base lapse rates	1.00%	1.00%
Dynamic lapse rates	0.20%	0.20%
Mortality rates	0.50%	0.50%
Utilization rates	0.50%	0.50%
Policyholder contract deposits | Discounted cash flow | Maximum	'	'
Significant unobservable inputs used for recurring fair value measurements	'	'
Equity implied volatility	39.00%	39.00%
Base lapse rates	40.00%	40.00%
Dynamic lapse rates	60.00%	60.00%
Mortality rates	40.00%	40.00%
Utilization rates	25.00%	25.00%
Derivative Liabilities - Credit contracts	'	'
Significant unobservable inputs used for recurring fair value measurements	'	'
Fair value	853	996
Derivative Liabilities - Credit contracts | BET | Minimum	'	'
Significant unobservable inputs used for recurring fair value measurements	'	'
Recovery rates	6.00%	5.00%
Diversity score	9	9
Weighted average life	'3 years 9 months 25 days	'4 years 6 months
Derivative Liabilities - Credit contracts | BET | Maximum	'	'
Significant unobservable inputs used for recurring fair value measurements	'	'
Recovery rates	32.00%	34.00%
Diversity score	31	32
Weighted average life	'11 years 2 months 12 days	'9 years 5 months 19 days
Derivative Liabilities - Credit contracts | BET | Weighted-average	'	'
Significant unobservable inputs used for recurring fair value measurements	'	'
Recovery rates	17.00%	17.00%
Diversity score	14	13
Weighted average life	'6 years 1 month 28 days	'5 years 7 months 17 days

FAIR_VALUE_MEASUREMENTS_Detail6

FAIR VALUE MEASUREMENTS (Details - Investments in Certain Entities Carried at Fair Value Using Net Asset Value Per Share) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	$8,127	$7,732
Unfunded Commitments	1,064	977
Private equity funds:	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	3,341	3,347
Unfunded Commitments	1,036	949
Average original expected lives	'10 years	'
Investment redemption notice period (in days/years)	'1 Year	'
Second investment redemption notice period	'2 years	'
Private equity funds: | Expected remaining lives of 3 years or less	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
First threshold level of remaining lives	'3 years	'
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part	78.00%	'
Private equity funds: | Expected remaining lives of less than 4 to 6 years	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Second threshold level of remaining lives	'6 years	'
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part	16.00%	'
Private equity funds: | Expected remaining lives of less than 7 to 10 years	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Third threshold level of remaining lives	'10 years	'
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part	6.00%	'
Leveraged buyout	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	2,462	2,544
Unfunded Commitments	480	578
Real Estate / Infrastructure	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	396	346
Unfunded Commitments	266	86
Venture capital	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	141	140
Unfunded Commitments	10	13
Distressed	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	168	183
Unfunded Commitments	46	34
Other..	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	174	134
Unfunded Commitments	234	238
Hedge funds:	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	4,786	4,385
Unfunded Commitments	28	28
Hedge fund investments redeemable monthly (as a percent)	13.00%	'
Hedge fund investments redeemable quarterly (as a percent)	46.00%	'
Hedge fund investments redeemable semi-annually (as a percent)	16.00%	'
Hedge fund investments redeemable annually (as a percent)	25.00%	'
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part	49.00%	'
Investment redemption notice period (in days/years)	'1 day to 180 days	'
Event-driven	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	1,229	976
Unfunded Commitments	2	2
Long-short	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	1,962	1,759
Unfunded Commitments	4	11
Macro	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	479	612
Unfunded Commitments	0	0
Distressed.	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	645	594
Unfunded Commitments	22	15
Emerging markets	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	302	287
Unfunded Commitments	0	0
Other hedge funds	'	'
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE	'	'
Fair Value Using Net Asset Value Per Share or its equivalent	169	157
Unfunded Commitments	$0	$0

FAIR_VALUE_MEASUREMENTS_Detail7

FAIR VALUE MEASUREMENTS (Details - Gains or losses recorded related to the eligible instruments) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	$494	$692	$1,239	$1,161
Fair value option credit risk gains (losses)	-11	19	-22	-15
Fair Value Option | Other long-term debt	'	'	'	'
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	-135	313	-209	322
Fair Value Option | Other liabilities	'	'	'	'
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	-2	-2	-6	-6
Fair Value Option | Mortgage and other loans receivable, net of allowance	'	'	'	'
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	0	1	0	2
Fair Value Option | Bond and equity securities	'	'	'	'
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	611	256	1,277	632
Fair Value Option | Alternative investments	'	'	'	'
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	18	122	172	206
Fair Value Option | Other, Including Short term investments	'	'	'	'
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	$2	$2	$5	$5

FAIR_VALUE_MEASUREMENTS_Detail8

FAIR VALUE MEASUREMENTS (Details - Difference between fair values and the aggregate contractual principal amounts of long-term debt) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions	'	'
Mortgage and other loans receivable, Fair Value	$6	$0
Long-term debt, Fair Value	5,824	6,747
Fair Value Option	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions	'	'
Mortgage and other loans receivable, Fair Value	6	'
Mortgage and other loans receivable, Outstanding Principal Amount	4	'
Mortgage and other loans receivable, Difference	2	'
Long-term debt, Fair Value	5,824	6,747
Long-term debt, Outstanding Principal Amount	4,393	5,231
Long-term debt, Difference	$1,431	$1,516

FAIR_VALUE_MEASUREMENTS_Detail9

FAIR VALUE MEASUREMENTS (Details - Assets measured at fair value on a non-recurring basis at the time of impairment and the related impairment charges) (Fair value on a non-recurring basis, USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

In Millions, unless otherwise specified

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Other Investments

Other Investments

Other Investments

Other Investments

Investments In Life Settlements

Investments In Life Settlements

Investments In Life Settlements

Investments In Life Settlements

Other assets

Other assets

Other assets

Other assets

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Total Fair Value

Other Investments

Other Investments

Investments In Life Settlements

Investments In Life Settlements

Other assets

Other assets

Other Investments

Other Investments

Investments In Life Settlements

Investments In Life Settlements

Other assets

Other assets

Other Investments

Other Investments

Investments In Life Settlements

Investments In Life Settlements

Other assets

Other assets

Other Investments

Other Investments

Investments In Life Settlements

Investments In Life Settlements

Other assets

Other assets

FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS

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Assets at Fair Value, Non-Recurring Basis

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'

'

'

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$0

$0

$0

$0

$0

$0

$0

$0

$0

$11

$0

$0

$0

$0

$0

$11

$1,844

$2,559

$1,445

$1,615

$399

$896

$0

$48

$1,844

$2,570

$1,445

$1,615

$399

$896

$0

$59

Impairment Charges

$65

$82

$143

$174

$20

$36

$55

$72

$45

$35

$87

$78

$0

$11

$1

$24

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Recovered_Sheet1

FAIR VALUE MEASUREMENTS (Details - financial instruments not measured at fair value and indicates the level in the fair value hierarchy of the estimated fair value measurement based on the observability of the inputs used) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Assets:	'	'	'	'
Mortgage and other loans receivable	$22,937	$20,765	'	'
Short-term investments	20,888	21,617	'	'
Cash	1,827	2,241	1,762	1,151
Liabilities:	'	'	'	'
Other liabilities	29,610	29,155	'	'
Total Fair Value	'	'	'	'
Assets:	'	'	'	'
Mortgage and other loans receivable	23,817	21,637	'	'
Other invested assets	3,409	3,234	'	'
Short-term investments	16,578	15,304	'	'
Cash	1,827	2,241	'	'
Liabilities:	'	'	'	'
Policyholder contract deposits associated with investment-type contracts	117,539	114,560	'	'
Other liabilities	3,993	4,870	'	'
Long-term debt	37,203	38,633	'	'
Level 1	'	'	'	'
Assets:	'	'	'	'
Mortgage and other loans receivable	0	0	'	'
Other invested assets	0	0	'	'
Short-term investments	0	0	'	'
Cash	1,827	2,241	'	'
Liabilities:	'	'	'	'
Policyholder contract deposits associated with investment-type contracts	0	0	'	'
Other liabilities	0	0	'	'
Long-term debt	0	0	'	'
Level 2	'	'	'	'
Assets:	'	'	'	'
Mortgage and other loans receivable	219	219	'	'
Other invested assets	600	529	'	'
Short-term investments	16,578	15,304	'	'
Cash	0	0	'	'
Liabilities:	'	'	'	'
Policyholder contract deposits associated with investment-type contracts	211	199	'	'
Other liabilities	3,993	4,869	'	'
Long-term debt	33,665	36,239	'	'
Level 3	'	'	'	'
Assets:	'	'	'	'
Mortgage and other loans receivable	23,598	21,418	'	'
Other invested assets	2,809	2,705	'	'
Short-term investments	0	0	'	'
Cash	0	0	'	'
Liabilities:	'	'	'	'
Policyholder contract deposits associated with investment-type contracts	117,328	114,361	'	'
Other liabilities	0	1	'	'
Long-term debt	3,538	2,394	'	'
Carrying Value	'	'	'	'
Assets:	'	'	'	'
Mortgage and other loans receivable	22,931	20,765	'	'
Other invested assets	4,337	4,194	'	'
Short-term investments	16,578	15,304	'	'
Cash	1,827	2,241	'	'
Liabilities:	'	'	'	'
Policyholder contract deposits associated with investment-type contracts	105,131	105,093	'	'
Other liabilities	3,993	4,869	'	'
Long-term debt	$32,590	$34,946	'	'

INVESTMENTS_Details_Amortized_

INVESTMENTS (Details - Amortized cost or cost and fair value of Available for sale securities) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	$250,996,000,000	$250,257,000,000
Available for sale securities, Gross Unrealized Gains	20,943,000,000	16,360,000,000
Available for sale securities, Gross Unrealized Losses	-1,587,000,000	-4,687,000,000
Available for sale securities, Fair Value	270,352,000,000	261,930,000,000
AOCI- OTTI	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Total, Other-Than-Temporary Impairments in AOCI	2,115,000,000	1,916,000,000
Bonds available for sale	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	248,923,000,000	248,531,000,000
Available for sale securities, Gross Unrealized Gains	18,956,000,000	14,391,000,000
Available for sale securities, Gross Unrealized Losses	-1,575,000,000	-4,648,000,000
Available for sale securities, Fair Value	266,304,000,000	258,274,000,000
Other details of available for sale securities	'	'
Available for sale securities not rated or rated below investment grade	33,900,000,000	32,600,000,000
Bonds available for sale | AOCI- OTTI	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Total, Other-Than-Temporary Impairments in AOCI	2,115,000,000	1,916,000,000
Bonds available for sale | U.S. government and government sponsored entities	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	2,652,000,000	3,084,000,000
Available for sale securities, Gross Unrealized Gains	187,000,000	150,000,000
Available for sale securities, Gross Unrealized Losses	-14,000,000	-39,000,000
Available for sale securities, Fair Value	2,825,000,000	3,195,000,000
Bonds available for sale | U.S. government and government sponsored entities | AOCI- OTTI	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Total, Other-Than-Temporary Impairments in AOCI	0	0
Bonds available for sale | Obligations of states, municipalities and political subdivisions	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	28,225,000,000	28,704,000,000
Available for sale securities, Gross Unrealized Gains	1,579,000,000	1,122,000,000
Available for sale securities, Gross Unrealized Losses	-82,000,000	-446,000,000
Available for sale securities, Fair Value	29,722,000,000	29,380,000,000
Bonds available for sale | Obligations of states, municipalities and political subdivisions | AOCI- OTTI	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Total, Other-Than-Temporary Impairments in AOCI	-13,000,000	-15,000,000
Bonds available for sale | Non-U.S. government	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	21,391,000,000	22,045,000,000
Available for sale securities, Gross Unrealized Gains	946,000,000	822,000,000
Available for sale securities, Gross Unrealized Losses	-157,000,000	-358,000,000
Available for sale securities, Fair Value	22,180,000,000	22,509,000,000
Bonds available for sale | Non-U.S. government | AOCI- OTTI	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Total, Other-Than-Temporary Impairments in AOCI	0	0
Bonds available for sale | Corporate debt	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	139,393,000,000	139,461,000,000
Available for sale securities, Gross Unrealized Gains	11,181,000,000	7,989,000,000
Available for sale securities, Gross Unrealized Losses	-818,000,000	-2,898,000,000
Available for sale securities, Fair Value	149,756,000,000	144,552,000,000
Bonds available for sale | Corporate debt | AOCI- OTTI	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Total, Other-Than-Temporary Impairments in AOCI	74,000,000	74,000,000
Bonds available for sale | Mortgage-backed, asset-backed and collateralized	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	57,262,000,000	55,237,000,000
Available for sale securities, Gross Unrealized Gains	5,063,000,000	4,308,000,000
Available for sale securities, Gross Unrealized Losses	-504,000,000	-907,000,000
Available for sale securities, Fair Value	61,821,000,000	58,638,000,000
Bonds available for sale | Mortgage-backed, asset-backed and collateralized | AOCI- OTTI	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Total, Other-Than-Temporary Impairments in AOCI	2,054,000,000	1,857,000,000
Bonds available for sale | Residential mortgage backed securities (RMBS)	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	34,369,000,000	33,520,000,000
Available for sale securities, Gross Unrealized Gains	3,599,000,000	3,101,000,000
Available for sale securities, Gross Unrealized Losses	-277,000,000	-473,000,000
Available for sale securities, Fair Value	37,691,000,000	36,148,000,000
Bonds available for sale | Residential mortgage backed securities (RMBS) | AOCI- OTTI	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Total, Other-Than-Temporary Impairments in AOCI	1,805,000,000	1,670,000,000
Bonds available for sale | Commercial mortgage-backed securities (CMBS)	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	11,705,000,000	11,216,000,000
Available for sale securities, Gross Unrealized Gains	791,000,000	558,000,000
Available for sale securities, Gross Unrealized Losses	-102,000,000	-292,000,000
Available for sale securities, Fair Value	12,394,000,000	11,482,000,000
Bonds available for sale | Commercial mortgage-backed securities (CMBS) | AOCI- OTTI	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Total, Other-Than-Temporary Impairments in AOCI	226,000,000	125,000,000
Bonds available for sale | Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS)	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	11,188,000,000	10,501,000,000
Available for sale securities, Gross Unrealized Gains	673,000,000	649,000,000
Available for sale securities, Gross Unrealized Losses	-125,000,000	-142,000,000
Available for sale securities, Fair Value	11,736,000,000	11,008,000,000
Bonds available for sale | Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS) | AOCI- OTTI	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Total, Other-Than-Temporary Impairments in AOCI	23,000,000	62,000,000
Equity securities available for sale	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	2,073,000,000	1,726,000,000
Available for sale securities, Gross Unrealized Gains	1,987,000,000	1,969,000,000
Available for sale securities, Gross Unrealized Losses	-12,000,000	-39,000,000
Available for sale securities, Fair Value	4,048,000,000	3,656,000,000
Equity securities available for sale | Common Stock	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	1,320,000,000	1,280,000,000
Available for sale securities, Gross Unrealized Gains	1,946,000,000	1,953,000,000
Available for sale securities, Gross Unrealized Losses	-11,000,000	-14,000,000
Available for sale securities, Fair Value	3,255,000,000	3,219,000,000
Equity securities available for sale | Preferred Stock	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	24,000,000	24,000,000
Available for sale securities, Gross Unrealized Gains	4,000,000	4,000,000
Available for sale securities, Gross Unrealized Losses	0	-1,000,000
Available for sale securities, Fair Value	28,000,000	27,000,000
Equity securities available for sale | Mutual Funds	'	'
Reconciliation of amortized cost and fair value of available for sale securities and other invested assets carried at fair value	'	'
Available for sale securities, Amortized Cost or Cost	729,000,000	422,000,000
Available for sale securities, Gross Unrealized Gains	37,000,000	12,000,000
Available for sale securities, Gross Unrealized Losses	-1,000,000	-24,000,000
Available for sale securities, Fair Value	$765,000,000	$410,000,000

INVESTMENTS_Details_Summary_of

INVESTMENTS (Details - Summary of fair value and gross unrealized losses on available for sale securities aggregated by major investment category and length of time in a continuous unrealized loss position) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	$11,765	$64,881
Gross Unrealized Losses, Less than 12 Months	187	3,507
Fair Value, 12 Months or More	31,654	9,401
Gross Unrealized Losses, 12 Months or More	1,400	1,180
Fair Value, Total	43,419	74,282
Gross Unrealized Losses, Total	1,587	4,687
Bonds available for sale	'	'
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	11,555	64,411
Gross Unrealized Losses, Less than 12 Months	176	3,468
Fair Value, 12 Months or More	31,624	9,401
Gross Unrealized Losses, 12 Months or More	1,399	1,180
Fair Value, Total	43,179	73,812
Gross Unrealized Losses, Total	1,575	4,648
Number of securities in an unrealized loss position	5,018	'
Number of individual securities in continuous unrealized loss position for longer than twelve months	2,909	'
Bonds available for sale | U.S. government and government sponsored entities	'	'
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	38	1,101
Gross Unrealized Losses, Less than 12 Months	0	34
Fair Value, 12 Months or More	416	42
Gross Unrealized Losses, 12 Months or More	14	5
Fair Value, Total	454	1,143
Gross Unrealized Losses, Total	14	39
Bonds available for sale | Obligations of states, municipalities and political subdivisions	'	'
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	482	6,134
Gross Unrealized Losses, Less than 12 Months	7	379
Fair Value, 12 Months or More	1,800	376
Gross Unrealized Losses, 12 Months or More	75	67
Fair Value, Total	2,282	6,510
Gross Unrealized Losses, Total	82	446
Bonds available for sale | Non-U.S. government	'	'
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	1,815	4,102
Gross Unrealized Losses, Less than 12 Months	22	217
Fair Value, 12 Months or More	2,211	710
Gross Unrealized Losses, 12 Months or More	135	141
Fair Value, Total	4,026	4,812
Gross Unrealized Losses, Total	157	358
Bonds available for sale | Corporate debt	'	'
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	5,007	38,495
Gross Unrealized Losses, Less than 12 Months	62	2,251
Fair Value, 12 Months or More	17,957	4,926
Gross Unrealized Losses, 12 Months or More	756	647
Fair Value, Total	22,964	43,421
Gross Unrealized Losses, Total	818	2,898
Bonds available for sale | Residential mortgage backed securities (RMBS)	'	'
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	2,681	8,543
Gross Unrealized Losses, Less than 12 Months	42	349
Fair Value, 12 Months or More	4,882	1,217
Gross Unrealized Losses, 12 Months or More	235	124
Fair Value, Total	7,563	9,760
Gross Unrealized Losses, Total	277	473
Bonds available for sale | Commercial mortgage-backed securities (CMBS)	'	'
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	108	3,191
Gross Unrealized Losses, Less than 12 Months	1	176
Fair Value, 12 Months or More	2,566	1,215
Gross Unrealized Losses, 12 Months or More	101	116
Fair Value, Total	2,674	4,406
Gross Unrealized Losses, Total	102	292
Bonds available for sale | Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS)	'	'
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	1,424	2,845
Gross Unrealized Losses, Less than 12 Months	42	62
Fair Value, 12 Months or More	1,792	915
Gross Unrealized Losses, 12 Months or More	83	80
Fair Value, Total	3,216	3,760
Gross Unrealized Losses, Total	125	142
Equity securities available for sale	'	'
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	210	470
Gross Unrealized Losses, Less than 12 Months	11	39
Fair Value, 12 Months or More	30	0
Gross Unrealized Losses, 12 Months or More	1	0
Fair Value, Total	240	470
Gross Unrealized Losses, Total	12	39
Number of securities in an unrealized loss position	109	'
Equity securities available for sale | Common Stock	'	'
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	133	96
Gross Unrealized Losses, Less than 12 Months	10	14
Fair Value, 12 Months or More	4	0
Gross Unrealized Losses, 12 Months or More	1	0
Fair Value, Total	137	96
Gross Unrealized Losses, Total	11	14
Equity securities available for sale | Preferred Stock	'	'
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	0	5
Gross Unrealized Losses, Less than 12 Months	0	1
Fair Value, 12 Months or More	0	0
Gross Unrealized Losses, 12 Months or More	0	0
Fair Value, Total	0	5
Gross Unrealized Losses, Total	0	1
Equity securities available for sale | Mutual Funds	'	'
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	77	369
Gross Unrealized Losses, Less than 12 Months	1	24
Fair Value, 12 Months or More	26	0
Gross Unrealized Losses, 12 Months or More	0	0
Fair Value, Total	103	369
Gross Unrealized Losses, Total	$1	$24

INVESTMENTS_Details_Amortized_1

INVESTMENTS (Details - Amortized cost and fair value of fixed maturity securities available for sale by contractual maturity) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fixed Maturity Available for Sale Securities by Contractual Maturity	'	'
Fixed Maturity Securities in a Loss Position Available for Sale , Amortized Cost, Total	$250,996	$250,257
Fixed Maturity Securities Available for Sale, Fair Value, Total	266,304	258,274
Fixed Maturity Securities in a Loss Position AFS	'	'
Fixed Maturity Available for Sale Securities by Contractual Maturity	'	'
Due in one year or less, Amortized Cost	617	'
Due after one year through five years, Amortized Cost	4,752	'
Due after five years through ten years, Amortized Cost	11,107	'
Due after ten years, Amortized Cost	14,321	'
Mortgage-backed, asset-backed and collateralized, Amortized Cost	13,957	'
Fixed Maturity Securities in a Loss Position Available for Sale , Amortized Cost, Total	44,754	'
Due in one year or less, Fair Value	609	'
Due after one year through five years, Fair Value	4,683	'
Due after five years through ten years, Fair Value	10,809	'
Due after ten years, Fair Value	13,625	'
Mortgage-backed, asset-backed and collateralized, Fair Value	13,453	'
Fixed Maturity Securities Available for Sale, Fair Value, Total	43,179	'
Bonds available for sale	'	'
Fixed Maturity Available for Sale Securities by Contractual Maturity	'	'
Due in one year or less, Amortized Cost	10,262	'
Due after one year through five years, Amortized Cost	50,469	'
Due after five years through ten years, Amortized Cost	67,282	'
Due after ten years, Amortized Cost	63,648	'
Mortgage-backed, asset-backed and collateralized, Amortized Cost	57,262	'
Fixed Maturity Securities in a Loss Position Available for Sale , Amortized Cost, Total	248,923	248,531
Due in one year or less, Fair Value	10,453	'
Due after one year through five years, Fair Value	53,409	'
Due after five years through ten years, Fair Value	71,508	'
Due after ten years, Fair Value	69,113	'
Mortgage-backed, asset-backed and collateralized, Fair Value	61,821	'
Fixed Maturity Securities Available for Sale, Fair Value, Total	$266,304	'

INVESTMENTS_Details_Realized_g

INVESTMENTS (Details - Realized gains and gross realized losses from sales or maturities) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Available-for-sale Securities Disclosures	'	'	'	'
Gross Realized Gains	$233,000,000	$1,375,000,000	$479,000,000	$1,783,000,000
Aggregate fair value of available for sale securities sold	5,900,000,000	12,200,000,000	12,000,000,000	19,200,000,000
Net realized capital gains (losses)	200,000,000	1,300,000,000	400,000,000	1,600,000,000
Gross Realized Losses	17,000,000	62,000,000	50,000,000	136,000,000
Fixed maturity securities	'	'	'	'
Available-for-sale Securities Disclosures	'	'	'	'
Gross Realized Gains	194,000,000	1,329,000,000	410,000,000	1,700,000,000
Gross Realized Losses	13,000,000	56,000,000	44,000,000	127,000,000
Equity securities available for sale	'	'	'	'
Available-for-sale Securities Disclosures	'	'	'	'
Gross Realized Gains	39,000,000	46,000,000	69,000,000	83,000,000
Gross Realized Losses	$4,000,000	$6,000,000	$6,000,000	$9,000,000

INVESTMENTS_Details_Value_of_o

INVESTMENTS (Details - Value of other securities measured at fair value based on election of the fair value option) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	$22,154	$23,457
Other Securities, Percent of Total	100.00%	100.00%
U.S. Government agency backed ABS	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	900	1,000
Fixed maturity securities	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	21,430	22,623
Other Securities, Percent of Total	97.00%	97.00%
Fixed maturity securities | U.S. government and government sponsored entities	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	5,380	5,723
Other Securities, Percent of Total	24.00%	24.00%
Fixed maturity securities | Obligations of states, municipalities and political subdivisions	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	123	121
Other Securities, Percent of Total	1.00%	1.00%
Fixed maturity securities | Non-U.S. government	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	2	2
Other Securities, Percent of Total	0.00%	0.00%
Fixed maturity securities | Corporate debt	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	1,055	1,169
Other Securities, Percent of Total	5.00%	5.00%
Fixed maturity securities | Mortgage-backed, asset-backed and collateralized	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	14,863	15,601
Other Securities, Percent of Total	67.00%	67.00%
Fixed maturity securities | Residential mortgage backed securities (RMBS)	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	2,278	2,263
Other Securities, Percent of Total	10.00%	10.00%
Fixed maturity securities | Commercial mortgage-backed securities (CMBS)	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	1,310	1,353
Other Securities, Percent of Total	6.00%	6.00%
Fixed maturity securities | Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS)	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	11,275	11,985
Other Securities, Percent of Total	51.00%	51.00%
Fixed maturity securities | Other	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	7	7
Equity securities	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Other Securities, Fair Value	$724	$834
Other Securities, Percent of Total	3.00%	3.00%

INVESTMENTS_Details_Components

INVESTMENTS (Details - Components of Net investment income) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
COMPONENTS OF NET INVESTMENT INCOME	'	'	'	'
Total investment income	$4,017	$3,999	$8,345	$8,311
Investment expenses	133	155	265	303
Net investment income	3,884	3,844	8,080	8,008
Fixed maturity securities, including short-term investments	'	'	'	'
COMPONENTS OF NET INVESTMENT INCOME	'	'	'	'
Total investment income	3,111	2,919	6,242	5,964
Equity securities	'	'	'	'
COMPONENTS OF NET INVESTMENT INCOME	'	'	'	'
Total investment income	17	-12	-68	25
Interest on mortgage and other loans	'	'	'	'
COMPONENTS OF NET INVESTMENT INCOME	'	'	'	'
Total investment income	311	290	629	570
Alternative investments	'	'	'	'
COMPONENTS OF NET INVESTMENT INCOME	'	'	'	'
Total investment income	547	738	1,472	1,604
Real estate	'	'	'	'
COMPONENTS OF NET INVESTMENT INCOME	'	'	'	'
Total investment income	33	36	61	67
Other investments	'	'	'	'
COMPONENTS OF NET INVESTMENT INCOME	'	'	'	'
Total investment income	($2)	$28	$9	$81

INVESTMENTS_Details_Components1

INVESTMENTS (Details - Components of Net realized capital gains (losses)) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Other-than-temporary impairments:	'	'	'	'
Severity	$0	($3)	$0	($5)
Change in intent	-1	0	-6	-3
Foreign currency declines	-6	0	-10	0
Issuer-specific credit events	-44	-42	-93	-79
Adverse projected cash flows	-4	-1	-5	-7
Provision for loan losses	15	-2	20	-5
Foreign exchange transactions	-47	82	-21	411
Derivative instruments	12	288	-338	17
Impairments on investments in life settlements	-45	-35	-87	-78
Other	5	-9	-1	-7
Total net realized capital gains (losses)	101	1,591	-112	1,891
Fixed maturity securities	'	'	'	'
Components of net realized capital gains (losses)	'	'	'	'
Sale of fixed maturity securities	181	1,273	366	1,573
Equity securities	'	'	'	'
Components of net realized capital gains (losses)	'	'	'	'
Sale of fixed maturity securities	$35	$40	$63	$74

INVESTMENTS_Details_Increase_d

INVESTMENTS (Details - Increase (decrease) in unrealized appreciation (depreciation)) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Available-for-sale Securities Disclosures	'	'	'	'
Increase (decrease) in unrealized appreciation (depreciation) of investments	$3,777	($10,084)	$7,716	($11,277)
Fixed maturity securities	'	'	'	'
Available-for-sale Securities Disclosures	'	'	'	'
Increase (decrease) in unrealized appreciation (depreciation) of investments	3,644	-10,123	7,638	-11,275
Equity securities	'	'	'	'
Available-for-sale Securities Disclosures	'	'	'	'
Increase (decrease) in unrealized appreciation (depreciation) of investments	173	-16	45	-9
Other investments	'	'	'	'
Available-for-sale Securities Disclosures	'	'	'	'
Increase (decrease) in unrealized appreciation (depreciation) of investments	($40)	$55	$33	$7

INVESTMENTS_Details_Rollforwar

INVESTMENTS (Details - Rollforward of the cumulative credit losses in other-than-temporary impairments recognized in earnings) (Fixed maturity securities, USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Fixed maturity securities	'	'	'	'
Other Than Temporary Impairment Credit Losses Recognized in Earnings	'	'	'	'
Balance, beginning of year	$3,389	$4,603	$3,872	$5,164
Increases due to:	'	'	'	'
Credit impairments on new securities subject to impairment losses	14	10	22	27
Additional credit impairments on previously impaired securities	18	12	54	30
Reductions due to:	'	'	'	'
Credit impaired securities fully disposed for which there was no prior intent or requirement to sell	-82	-167	-412	-558
Accretion on securities previously impaired due to credit	-173	-222	-361	-427
Other	0	0	-9	0
Balance, end of year	$3,166	$4,236	$3,166	$4,236

INVESTMENTS_Details_Purchased_

INVESTMENTS (Details - Purchased Credit Impaired (PCI) Securities) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Purchased Credit Impaired (PCI) Securities	'	'	'	'	'
Amortized cost	$248,923	'	$248,923	'	$248,531
Fair value	270,352	'	270,352	'	261,930
Purchased Credit Impaired (PCI) Securities	'	'	'	'	'
Purchased Credit Impaired (PCI) Securities	'	'	'	'	'
Contractually required payments (principal and interest)	28,482	'	28,482	'	'
Cash flows expected to be collected	22,778	'	22,778	'	'
Recorded investment in acquired securities	15,049	'	15,049	'	'
Outstanding principal balance	16,272	'	16,272	'	14,741
Amortized cost	11,559	'	11,559	'	10,110
Fair value	12,998	'	12,998	'	11,338
Changes in activity for the accretable yield on PCI securities:	'	'	'	'	'
Balance, beginning of year	7,170	5,114	6,940	4,766	'
Newly purchased PCI securities	247	761	769	1,106	'
Disposals	0	0	0	-60	'
Accretion	-219	-170	-431	-330	'
Effect of changes in interest rate indices	-172	22	-231	106	'
Net reclassification from non-accretable difference, including effects of prepayments	16	174	-5	313	'
Balance, end of year	$7,042	$5,901	$7,042	$5,901	'

INVESTMENTS_Details_Pledged_In

INVESTMENTS (Details - Pledged Investments) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Pledged Investments	'	'
Fair Value of securities pledged	$9,438,000,000	$8,878,000,000
Fair value of amount repledged	219,000,000	71,000,000
Total carrying values of cash and securities deposited under requirements of regulatory authorities or other insurance-related arrangements	6,400,000,000	6,700,000,000
FHLBs	'	'
Pledged Investments	'	'
Fair value of available for sale securities	533,000,000	80,000,000
Amount owned by subsidiaries	56,000,000	57,000,000
Secured financing	'	'
Pledged Investments	'	'
Fair value of available for sale securities	2,946,000,000	3,907,000,000
Fair Value of other securities	2,500,000,000	2,766,000,000
GIAs	'	'
Pledged Investments	'	'
Fair Value of other securities	$3,600,000,000	$4,200,000,000

LENDING_ACTIVITIES_Details_Com

LENDING ACTIVITIES (Details - Composition of Mortgage and other loans receivable) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

In Millions, unless otherwise specified

Commercial mortgages

Commercial mortgages

Commercial mortgages

Commercial mortgages

Commercial mortgages

Commercial mortgages

Commercial mortgages

Commercial mortgages

Life insurance policy loans

Life insurance policy loans

Commercial loans, other loans and notes receivable

Commercial loans, other loans and notes receivable

California

California

New York

New York

Composition of Mortgages and other loans receivable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total mortgage and other loans receivable

$23,218

$21,077

'

'

$17,499

$16,195

'

'

'

'

'

'

$2,769

$2,830

$2,950

$2,052

Allowance for losses

-281

-312

-381

-405

-188

-201

-170

-159

'

'

'

'

'

'

'

'

Mortgage and other loans receivable, net

$22,937

$20,765

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of mortgage loans in geographic area

'

'

'

'

'

'

'

'

15.00%

18.00%

17.00%

17.00%

'

'

'

'

LENDING_ACTIVITIES_Details_Cre

LENDING ACTIVITIES (Details - Credit quality indicators for commercial mortgages) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

In Millions, unless otherwise specified

Apartments

Apartments

Offices

Offices

Retail

Retail

Industrial

Industrial

Hotel

Hotel

Others

Others

Commercial mortgages

Commercial mortgages

loan

loan

Credit quality indicators for commercial mortgage loans

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of loans in good standing

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

991

978

Number of loans restructured

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9

9

Number of loans 90 days or less delinquent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

2

Number of loans greater than 90 days delinquent or in process of foreclosure

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

6

Number of Loans

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,004

995

In good standing

'

'

'

'

$3,219

$2,786

$5,017

$4,636

$3,818

$3,364

$1,714

$1,607

$1,433

$1,431

$1,858

$1,970

$17,059

$15,794

Restructured

'

'

'

'

54

53

285

210

7

6

0

0

0

0

83

85

429

354

90 days or less delinquent

'

'

'

'

0

0

0

0

0

5

0

0

0

0

0

0

0

5

Greater than 90 days delinquent or in process of foreclosure

'

'

'

'

0

0

11

42

0

0

0

0

0

0

0

0

11

42

Mortgage and other loans receivable, net

22,937

20,765

'

'

3,273

2,839

5,313

4,888

3,825

3,375

1,714

1,607

1,433

1,431

1,941

2,055

17,499

16,195

Allowance for losses

$281

$312

$381

$405

$11

$10

$102

$109

$7

$9

$20

$19

$6

$3

$42

$51

$188

$201

Percentage of loans that are current as to payments of principal and interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

98.00%

98.00%

Percentage restructured

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

2.00%

Percentage Total

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

100.00%

Percentage of loans with allowance for losses

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

1.00%

Percentage of current commercial mortgages held

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

99.00%

'

LENDING_ACTIVITIES_Details_All

LENDING ACTIVITIES (Details - Allowance for Loan Losses) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Changes in the allowance for losses on Mortgage and other loans receivable	'	'
Allowance, beginning of year	$312	$405
Loans charged off	-18	-26
Recoveries of loans previously charged off	16	5
Net charge-offs	-2	-21
Provision for loan losses	-30	2
Other	1	-5
Activity of discontinued operations	0	0
Allowance, end of period	281	381
Loans modified in a troubled debt restructuring	0	0
Commercial mortgages	'	'
Changes in the allowance for losses on Mortgage and other loans receivable	'	'
Allowance, beginning of year	201	159
Loans charged off	-5	0
Recoveries of loans previously charged off	0	3
Net charge-offs	-5	3
Provision for loan losses	-8	8
Other	0	'
Activity of discontinued operations	0	0
Allowance, end of period	188	170
Allowance related to individually assessed credit losses	88	58
Commercial mortgage loans	240	131
Other Loans	'	'
Changes in the allowance for losses on Mortgage and other loans receivable	'	'
Allowance, beginning of year	111	246
Loans charged off	-13	-26
Recoveries of loans previously charged off	16	2
Net charge-offs	3	-24
Provision for loan losses	-22	-6
Other	1	-5
Activity of discontinued operations	0	0
Allowance, end of period	$93	$211

VARIABLE_INTEREST_ENTITIES_Det

VARIABLE INTEREST ENTITIES (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Assets:	'	'
Bonds available for sale	$270,352,000,000	$261,930,000,000
Other bond securities	21,430,000,000	22,623,000,000
Mortgage and other loans receivable	22,937,000,000	20,765,000,000
Other invested assets	33,645,000,000	28,659,000,000
Real estate and investment funds	'	'
Liabilities:	'	'
Off-balance sheet exposure	61,800,000	50,800,000
Consolidated VIE	'	'
Assets:	'	'
Bonds available for sale	11,544,000,000	11,098,000,000
Other bond securities	8,621,000,000	8,310,000,000
Mortgage and other loans receivable	1,857,000,000	1,697,000,000
Other invested assets	3,159,000,000	3,628,000,000
Other assets	1,505,000,000	1,279,000,000
Total assets	26,686,000,000	26,012,000,000
Liabilities:	'	'
Long-term debt	1,680,000,000	994,000,000
Other liabilities	441,000,000	555,000,000
Total liabilities	2,121,000,000	1,549,000,000
Consolidated VIE | Real estate and investment funds	'	'
Assets:	'	'
Other invested assets	594,000,000	849,000,000
Other assets	40,000,000	49,000,000
Total assets	634,000,000	898,000,000
Liabilities:	'	'
Long-term debt	70,000,000	71,000,000
Other liabilities	32,000,000	31,000,000
Total liabilities	102,000,000	102,000,000
Consolidated VIE | Securitization vehicles	'	'
Assets:	'	'
Bonds available for sale	11,502,000,000	11,028,000,000
Other bond securities	7,816,000,000	7,449,000,000
Mortgage and other loans receivable	1,681,000,000	1,508,000,000
Other assets	734,000,000	481,000,000
Total assets	21,733,000,000	20,466,000,000
Liabilities:	'	'
Long-term debt	1,223,000,000	494,000,000
Other liabilities	116,000,000	74,000,000
Total liabilities	1,339,000,000	568,000,000
Investment-grade debt securities, loans and other assets	21,600,000,000	21,400,000,000
Consolidated VIE | Structured investment vehicle	'	'
Assets:	'	'
Other bond securities	726,000,000	748,000,000
Other assets	66,000,000	93,000,000
Total assets	792,000,000	841,000,000
Liabilities:	'	'
Long-term debt	98,000,000	87,000,000
Other liabilities	0	'
Total liabilities	98,000,000	87,000,000
Consolidated VIE | Affordable housing partnerships	'	'
Assets:	'	'
Other invested assets	1,832,000,000	1,986,000,000
Other assets	40,000,000	41,000,000
Total assets	1,872,000,000	2,027,000,000
Liabilities:	'	'
Long-term debt	184,000,000	188,000,000
Other liabilities	92,000,000	83,000,000
Total liabilities	276,000,000	271,000,000
Consolidated VIE | Other	'	'
Assets:	'	'
Bonds available for sale	42,000,000	70,000,000
Other bond securities	79,000,000	113,000,000
Mortgage and other loans receivable	176,000,000	189,000,000
Other invested assets	733,000,000	793,000,000
Other assets	625,000,000	615,000,000
Total assets	1,655,000,000	1,780,000,000
Liabilities:	'	'
Long-term debt	105,000,000	154,000,000
Other liabilities	201,000,000	367,000,000
Total liabilities	306,000,000	521,000,000
Unconsolidated VIE	'	'
Assets:	'	'
Other invested assets	3,100,000,000	2,800,000,000
Total assets of unconsolidated VIEs as well as maximum exposure to loss	'	'
Total VIE Assets	21,120,000,000	18,758,000,000
Maximum Exposure to Loss, On-Balance Sheet	3,114,000,000	2,857,000,000
Maximum Exposure to Loss, Off-Balance Sheet	402,000,000	289,000,000
Total maximum exposure to loss	3,516,000,000	3,146,000,000
Unconsolidated VIE | Real estate and investment funds	'	'
Total assets of unconsolidated VIEs as well as maximum exposure to loss	'	'
Total VIE Assets	20,010,000,000	17,572,000,000
Maximum Exposure to Loss, On-Balance Sheet	2,599,000,000	2,343,000,000
Maximum Exposure to Loss, Off-Balance Sheet	402,000,000	289,000,000
Total maximum exposure to loss	3,001,000,000	2,632,000,000
Unconsolidated VIE | Affordable housing partnerships	'	'
Total assets of unconsolidated VIEs as well as maximum exposure to loss	'	'
Total VIE Assets	477,000,000	478,000,000
Maximum Exposure to Loss, On-Balance Sheet	476,000,000	477,000,000
Total maximum exposure to loss	476,000,000	477,000,000
Unconsolidated VIE | Other	'	'
Total assets of unconsolidated VIEs as well as maximum exposure to loss	'	'
Total VIE Assets	633,000,000	708,000,000
Maximum Exposure to Loss, On-Balance Sheet	39,000,000	37,000,000
Total maximum exposure to loss	$39,000,000	$37,000,000

DERIVATIVES_AND_HEDGE_ACCOUNTI2

DERIVATIVES AND HEDGE ACCOUNTING (Details - Notional amounts and fair values of derivative instruments) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	$95,007	$114,494
Gross Derivative Assets, Fair Value	4,336	4,326
Gross Derivative Liabilities, Notional Amount	113,860	92,063
Gross Derivative Liabilities, Fair Value	6,453	6,214
Bifurcated embedded derivatives	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	0	'
Gross Derivative Assets, Fair Value	0	'
Gross Derivative Liabilities, Notional Amount	33,500	6,700
Gross Derivative Liabilities, Fair Value	855	424
Derivatives designated as hedging instruments | Interest rate contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	0	'
Gross Derivative Assets, Fair Value	0	'
Gross Derivative Liabilities, Notional Amount	25	112
Gross Derivative Liabilities, Fair Value	1	15
Derivatives designated as hedging instruments | Foreign exchange contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	779	'
Gross Derivative Assets, Fair Value	9	'
Gross Derivative Liabilities, Notional Amount	1,304	1,857
Gross Derivative Liabilities, Fair Value	122	190
Derivatives designated as hedging instruments | Equity contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	16	'
Gross Derivative Assets, Fair Value	1	'
Gross Derivative Liabilities, Notional Amount	192	'
Gross Derivative Liabilities, Fair Value	6	'
Derivatives not designated as hedging instruments	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	94,212	114,494
Gross Derivative Assets, Fair Value	4,326	4,326
Gross Derivative Liabilities, Notional Amount	112,339	90,094
Gross Derivative Liabilities, Fair Value	6,324	6,009
Derivatives not designated as hedging instruments | Interest rate contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	43,171	50,897
Gross Derivative Assets, Fair Value	2,929	3,771
Gross Derivative Liabilities, Notional Amount	45,072	59,585
Gross Derivative Liabilities, Fair Value	2,733	3,849
Derivatives not designated as hedging instruments | Foreign exchange contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	10,563	1,774
Gross Derivative Assets, Fair Value	1,094	52
Gross Derivative Liabilities, Notional Amount	14,720	3,789
Gross Derivative Liabilities, Fair Value	1,426	129
Derivatives not designated as hedging instruments | Equity contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	6,326	29,296
Gross Derivative Assets, Fair Value	224	413
Gross Derivative Liabilities, Notional Amount	37,077	9,840
Gross Derivative Liabilities, Fair Value	945	524
Derivatives not designated as hedging instruments | Commodity contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	16	17
Gross Derivative Assets, Fair Value	1	1
Gross Derivative Liabilities, Notional Amount	13	13
Gross Derivative Liabilities, Fair Value	4	5
Derivatives not designated as hedging instruments | Credit contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	60	70
Gross Derivative Assets, Fair Value	41	55
Gross Derivative Liabilities, Notional Amount	14,978	15,459
Gross Derivative Liabilities, Fair Value	1,126	1,335
Derivatives not designated as hedging instruments | Other contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	34,076	32,440
Gross Derivative Assets, Fair Value	37	34
Gross Derivative Liabilities, Notional Amount	479	1,408
Gross Derivative Liabilities, Fair Value	90	167
Derivatives not designated as hedging instruments | Bifurcated embedded derivatives	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	'	23,200
Gross Derivative Assets, Fair Value	'	$107

DERIVATIVES_AND_HEDGE_ACCOUNTI3

DERIVATIVES AND HEDGE ACCOUNTING (Details - Fair values of derivative assets and liabilities) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Notional amounts and fair values of AIG's derivative instruments	'	'
Derivative Assets, Notional Amount	$95,007,000,000	$114,494,000,000
Derivative Assets, Fair Value	4,336,000,000	4,326,000,000
Derivative Liabilities, Notional Amount	113,860,000,000	92,063,000,000
Derivative Liabilities, Fair Value	6,453,000,000	6,214,000,000
Derivative assets, Counterparty netting, Fair Value	-1,801,000,000	-1,734,000,000
Derivative assets, Cash collateral, Fair Value	-918,000,000	-820,000,000
Total derivative assets, net	1,617,000,000	1,772,000,000
Derivative liabilities, Counterparty netting, Fair Value	-1,801,000,000	-1,734,000,000
Derivative liabilities, Cash collateral, Fair Value	-1,326,000,000	-1,484,000,000
Total derivative liabilities, net	3,326,000,000	2,996,000,000
Less: Bifurcated embedded derivatives assets, fair value	0	107,000,000
Less: Bifurcated embedded derivative liabilities, fair value	910,000,000	485,000,000
Total derivative assets on consolidated balance sheet, Fair Value	1,617,000,000	1,665,000,000
Total derivative liabilities on consolidated balance sheet, Fair Value	2,416,000,000	2,511,000,000
Collateral	'	'
Collateral posted to third parties for derivative transactions	3,000,000,000	3,200,000,000
Collateral obtained from third parties for derivative transactions	1,100,000,000	1,000,000,000
Non-Global Capital Markets	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Derivative Assets, Notional Amount	41,663,000,000	60,021,000,000
Derivative Assets, Fair Value	674,000,000	795,000,000
Derivative Liabilities, Notional Amount	44,451,000,000	15,668,000,000
Derivative Liabilities, Fair Value	1,627,000,000	1,202,000,000
Other Operations | Global Capital Markets (GCM) derivatives	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Derivative Assets, Notional Amount	53,344,000,000	54,473,000,000
Derivative Assets, Fair Value	3,662,000,000	3,531,000,000
Derivative Liabilities, Notional Amount	69,409,000,000	76,395,000,000
Derivative Liabilities, Fair Value	4,826,000,000	5,012,000,000
Other Operations | AIG Financial Products	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Derivative Assets, Notional Amount	37,422,000,000	41,942,000,000
Derivative Assets, Fair Value	2,527,000,000	2,567,000,000
Derivative Liabilities, Notional Amount	48,856,000,000	52,679,000,000
Derivative Liabilities, Fair Value	3,224,000,000	3,506,000,000
Other Operations | AIG Markets	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Derivative Assets, Notional Amount	15,922,000,000	12,531,000,000
Derivative Assets, Fair Value	1,135,000,000	964,000,000
Derivative Liabilities, Notional Amount	20,553,000,000	23,716,000,000
Derivative Liabilities, Fair Value	$1,602,000,000	$1,506,000,000

DERIVATIVES_AND_HEDGE_ACCOUNTI4

DERIVATIVES AND HEDGE ACCOUNTING (Details - Hedge Accounting) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Derivative instruments gain (loss):	'	'	'	'
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships	$0	$35	$3	$95
Loss on extinguishment of debt	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on hedged items	'	'	50	'
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	0	0	2	0
Gain (loss) recognized in earnings on hedged items	10	23	75	53
Amortization of debt basis adjustment following the discontinuation of hedge accounting	10	23	28	53
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging | Net realized capital gains (losses)	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	'	'	1	'
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging | Interest credited to policyholder account balances	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	'	'	1	'
Derivatives designated as hedging instruments | Foreign exchange contracts | Fair value hedging	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	32	-35	56	-40
Gain (loss) recognized in earnings on hedged items	-28	43	-60	47
Gain (loss) recognized in earnings for amounts excluded from effectiveness testing	-4	8	-12	7
Amortization of debt basis adjustment following the discontinuation of hedge accounting	9	'	9	'
Derivatives designated as hedging instruments | Foreign exchange contracts | Fair value hedging | Interest credited to policyholder account balances	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	1	'	1	'
Derivatives designated as hedging instruments | Equity contracts | Fair value hedging	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	-14	'	-14	'
Gain (loss) recognized in earnings on hedged items	14	'	14	'
Derivatives not designated as hedging instruments	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	194	543	-7	745
Derivatives not designated as hedging instruments | Policy fees	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	68	48	136	93
Derivatives not designated as hedging instruments | Net investment income	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	12	5	26	29
Derivatives not designated as hedging instruments | Net realized capital gains (losses)	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	22	276	-315	0
Derivatives not designated as hedging instruments | Other income (losses)	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	89	219	138	631
Derivatives not designated as hedging instruments | Policyholder benefits and claims incurred	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	3	-5	8	-8
Derivatives not designated as hedging instruments | Interest rate contracts	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	48	-69	187	-285
Derivatives not designated as hedging instruments | Foreign exchange contracts	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	37	-8	23	147
Derivatives not designated as hedging instruments | Equity contracts	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	11	468	-411	512
Embedded derivative gains (losses)	47	505	-342	760
Derivatives not designated as hedging instruments | Commodity contracts	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	0	-2	1	-2
Derivatives not designated as hedging instruments | Credit contracts	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	74	138	154	313
Derivatives not designated as hedging instruments | Other contracts	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	$24	$16	$39	$60

DERIVATIVES_AND_HEDGE_ACCOUNTI5

DERIVATIVES AND HEDGE ACCOUNTING (Details - Global Capital Market Derivatives) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Credit Risk-Related Contingent Features

Credit Risk-Related Contingent Features

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Global Capital Markets (GCM) derivatives

Super Senior CDS

Super Senior CDS

Super Senior CDS

Super Senior CDS

Super Senior CDS

Super Senior CDS

Super Senior CDS

Super Senior CDS

Super Senior CDS

Super Senior CDS

Super Senior CDS

Super Senior CDS

Super Senior CDS

Super Senior CDS

Super Senior CDS

Written single name CDS

Written single name CDS

Arbitrage

Arbitrage

Arbitrage

Arbitrage

Arbitrage

Arbitrage

Arbitrage

Arbitrage

Arbitrage

Arbitrage

Arbitrage

Arbitrage

Arbitrage

Arbitrage

Arbitrage

Multi-sector CDOs

Multi-sector CDOs

Multi-sector CDOs

Multi-sector CDOs

Multi-sector CDOs

Corporate debt/CLOs

Corporate debt/CLOs

Corporate debt/CLOs

Corporate debt/CLOs

Corporate debt/CLOs

Credit derivatives:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notional amount of credit risk derivatives

'

'

'

'

$14,688,000,000

'

$14,688,000,000

'

$15,089,000,000

$2,970,000,000

'

$2,970,000,000

'

$3,257,000,000

$11,718,000,000

'

$11,718,000,000

'

$11,832,000,000

$293,000,000

$373,000,000

Fair Value of Derivative (Asset) Liability

'

'

'

'

1,079,000,000

'

1,079,000,000

'

1,277,000,000

1,061,000,000

'

1,061,000,000

'

1,249,000,000

18,000,000

'

18,000,000

'

28,000,000

'

'

Unrealized market valuation gain (loss) on credit derivatives

'

'

'

'

73,000,000

131,000,000

148,000,000

302,000,000

'

66,000,000

126,000,000

138,000,000

281,000,000

'

7,000,000

5,000,000

10,000,000

21,000,000

'

'

'

Additional amount paid for CDS terminated during period

'

'

'

'

'

'

'

'

'

'

'

50,000,000

'

'

'

'

'

'

'

'

'

Collateral posted

'

'

3,000,000,000

3,100,000,000

'

'

'

'

'

1,000,000,000

'

1,000,000,000

'

1,100,000,000

336,000,000

'

336,000,000

'

353,000,000

32,000,000

38,000,000

Notional amount of CDS written on super senior tranches of CLOs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

887,000,000

'

887,000,000

'

1,000,000,000

'

'

Derivative weighted average maturity

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

'2 years

'

'

'3 years

'3 years

Notional amount of CDS purchased offsets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

39,000,000

50,000,000

Notional amount of single name CDS maximum exposure

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

254,000,000

323,000,000

Fair value of derivative liability

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

26,000,000

32,000,000

Aggregate fair value of net liability position

'

'

2,400,000,000

2,600,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional collateral requirements, one-notch downgrade

'

'

59,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Further additional collateral requirements, one-notch downgrade

'

'

152,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of hybrid securities

6,200,000,000

6,400,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Par value of hybrid securities

$12,700,000,000

$13,400,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

CONTINGENCIES_COMMITMENTS_AND_1

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Loss Contingencies) (USD $)

3 Months Ended

6 Months Ended

0 Months Ended

22 Months Ended

6 Months Ended

0 Months Ended

0 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2014

Nov. 29, 2012

Apr. 08, 2013

Jul. 15, 2014

Sep. 16, 2013

Mar. 20, 2009

Nov. 25, 2008

Jun. 30, 2014

Nov. 15, 2013

Mar. 11, 2013

Nov. 21, 2011

23-May-14

Oct. 29, 2013

Feb. 25, 2010

Jun. 30, 2014

23-May-14

Jun. 30, 2014

Sep. 30, 2012

Jun. 30, 2014

Jun. 30, 2014

Chartis U.S.

UGC

Consolidated 2008 Securities Litigation

Consolidated 2008 Securities Litigation

Consolidated 2008 Securities Litigation

ERISA Litigation II

Canadian Securities Class Action claim

Starr International Litigation

Starr International Litigation

Starr International Litigation

False Claims Act complaint

False Claims Act complaint

False Claims Act complaint

False Claims Act complaint

False Claims Act complaint

Caremark

Use of SSDMF

Subpoenas from the New York Department of Financial Services (NYDFS)

Subpoenas from the Manhattan District Attorney's Office (NYDA)

item

item

complaint

complaint

item

class

item

individual

multiple

FRBNY Credit Facility [Member]

complaint

MetLife

MetLife

LITIGATION, INVESTIGATIONS AND REGULATORY MATTERS

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of purported class action complaints

'

'

'

'

'

'

8

8

'

'

'

'

'

'

'

'

'

2

'

'

'

Cash payment settlement

'

'

'

'

$960,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of similar actions

'

'

'

'

'

9

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Damages claimed

'

'

'

'

'

'

'

'

500,000,000

'

'

'

'

'

'

'

'

3,200,000,000

'

'

'

Punitive damages claimed

'

'

'

'

'

'

'

'

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of ownership in AIG received by Department of the Treasury

'

'

'

'

'

'

'

'

'

'

'

80.00%

'

'

'

'

'

'

'

'

'

Number of individuals (Relators) seeking to assert claims

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

Damages sought, multiple of damages sustained

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

'

'

'

'

'

Number of shareholders who have submitted timely and valid requests to opt out of the class

'

'

'

'

'

'

'

'

'

286,892

'

'

'

'

'

'

'

'

'

'

'

Number of purported classes

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

Payments for regulatory assessment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,000,000

'

'

Settlement agreement, number of jurisdictions

'

'

50

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Civil penalty paid

'

'

50,000,000

4,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount agreed to the consensual termination of the swap agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50,000,000

10,000,000

Decrease in the amount owed to the FRBNY

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

25,000,000,000

'

'

'

'

Period for which complaint is unsealed

'

'

'

'

'

'

'

'

'

'

'

'

'

'30 days

'

'

'

'

'

'

'

Number of former subsidiaries

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

Realized gains on unwinding on a position

$196,000,000

$196,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

CONTINGENCIES_COMMITMENTS_AND_2

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Long term purchase commitments) (USD $)	Jun. 30, 2014
In Billions, unless otherwise specified
Other Commitments	'
Other Commitments	$2.60

CONTINGENCIES_COMMITMENTS_AND_3

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Legal Reserves) (Legal Reserve [Member], USD $)	3 Months Ended	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014
Legal Reserve [Member]	'	'
Legal Reserves	'	'
Increase in legal reserve liability	$491	$498

CONTINGENCIES_COMMITMENTS_AND_4

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Guarantor Obligations) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
ALICO	'
Guarantor Obligations [Line Items]	'
Payments made or placed in escrow accounts at end of period	$19
Other Operations | AIG Financial Products	'
Guarantor Obligations [Line Items]	'
Amount outstanding under standby letters of credit at end of period	240
Indemnifications | ALICO	'
Guarantor Obligations [Line Items]	'
Various deductible amounts under indemnifications	$0

EQUITY_Details_Shares_Outstand

EQUITY (Details - Shares Outstanding) (USD $)	0 Months Ended		6 Months Ended		0 Months Ended		6 Months Ended	1 Months Ended	0 Months Ended	3 Months Ended	6 Months Ended
	Jun. 24, 2014	Mar. 25, 2014	Jun. 30, 2014	Jun. 30, 2014	Feb. 13, 2014	Aug. 01, 2013	Jun. 30, 2014	Jul. 31, 2014	Jun. 05, 2014	Jun. 30, 2014	Jun. 30, 2014
				AIG	Common Stock	Common Stock	Common Stock	Common Stock	Common Stock	Common Stock	Treasury Stock
								ASR	AIG	AIG
										ASR
The following table presents a roll forward of outstanding shares:	'	'	'	'	'	'	'	'	'	'	'
Treasury Shares, beginning of year	'	'	-442,582,366	'	'	'	'	'	'	'	-442,582,366
Shares, beginning of year	'	'	1,906,645,689	'	'	'	1,906,645,689	'	'	'	'
Shares, beginning of year	'	'	1,464,063,323	'	'	'	'	'	'	'	'
Shares issued - Issuance (in shares)	'	'	16,873	'	'	'	16,873	'	'	'	0
Shares repurchased	'	'	-35,504,806	-36,000,000	'	'	0	'	'	'	-35,504,806
Treasury Shares, end of period	'	'	-478,087,172	'	'	'	'	'	'	'	-478,087,172
Shares, end of period	'	'	1,906,662,562	'	'	'	1,906,662,562	'	'	'	'
Shares, end of period	'	'	1,428,575,390	'	'	'	'	'	'	'	'
Dividend paid (in dollars per share)	$0.13	$0.13	'	'	'	'	'	'	'	'	'
Aggregate repurchase authorization purchase amount	'	'	'	'	$1,000,000,000	$1,000,000,000	'	'	$2,000,000,000	'	'
Common stock authorized to be repurchased remaining amount	'	'	'	'	'	'	1,500,000,000	'	2,100,000,000	'	'
Aggregate purchase price of repurchased shares	'	'	'	'	'	'	1,900,000,000	'	'	'	'
Percentage of share repurchased during share repurchase agreement	'	'	'	'	'	'	'	'	'	70.00%	'
Amount paid to financial institution	'	'	'	$300,000,000	'	'	'	'	'	$300,000,000	'
Number of shares received from financial institution	'	'	'	'	'	'	'	1,700,000	'	3,800,000	'

EQUITY_Details_Rollforward_of_

EQUITY (Details - Rollforward of Accumulated other comprehensive income) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
A rollforward of Accumulated Other Comprehensive Income (Loss)	'	'	'	'
Balance, beginning of period, net of tax	'	'	$6,360	'
Change in unrealized appreciation (depreciation) of investments	2,744	-7,006	5,703	-8,511
Change in unrealized appreciation (depreciation) of investments	11	-108	92	317
Changes in foreign currency translation adjustments	73	-273	-29	-566
Less: Income tax expense (benefit)	-413	2,532	-628	3,127
Deferred tax asset (liability)	15	21	23	-122
Deferred tax asset (liability)	-389	2,560	-563	3,277
Deferred tax asset (liability)	-26	-32	-82	-12
Deferred tax asset (liability)	-13	-17	-6	-16
Other comprehensive income (loss)	2,426	-4,821	5,151	-5,556
Other comprehensive income (loss)	26	-87	115	195
Other comprehensive income (loss)	2,355	-4,446	5,140	-5,234
Other comprehensive income (loss)	47	-305	-111	-578
Other comprehensive income (loss)	-2	17	7	61
Balance, end of period, net of tax	11,511	'	11,511	'
Accumulated Other Comprehensive Income (Loss)	'	'	'	'
A rollforward of Accumulated Other Comprehensive Income (Loss)	'	'	'	'
Balance, beginning of period, net of tax	'	'	6,360	12,574
Change in unrealized appreciation (depreciation) of investments	'	'	7,716	-11,277
Change in deferred acquisition costs adjustment and other	'	'	-593	543
Change in future policy benefits	'	'	-1,328	2,540
Changes in foreign currency translation adjustments	'	'	-29	-566
Net actuarial gain (loss)	'	'	37	104
Prior service (cost) credit	'	'	-24	-27
Less: Income tax expense (benefit)	'	'	-628	3,127
Other comprehensive income (loss)	'	'	5,151	-5,556
Noncontrolling interests	'	'	0	-21
Balance, end of period, net of tax	11,511	7,039	11,511	7,039
Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than-Temporary Credit Impairments	'	'	'	'
A rollforward of Accumulated Other Comprehensive Income (Loss)	'	'	'	'
Balance, beginning of period, net of tax	'	'	936	575
Change in unrealized appreciation (depreciation) of investments	'	'	199	355
Change in deferred acquisition costs adjustment and other	'	'	36	-87
Change in future policy benefits	'	'	-143	49
Deferred tax asset (liability)	'	'	23	-122
Other comprehensive income (loss)	'	'	115	195
Balance, end of period, net of tax	1,051	770	1,051	770
Unrealized Appreciation (Depreciation) of All Other Investments	'	'	'	'
A rollforward of Accumulated Other Comprehensive Income (Loss)	'	'	'	'
Balance, beginning of period, net of tax	'	'	6,789	13,446
Change in unrealized appreciation (depreciation) of investments	'	'	7,517	-11,632
Change in deferred acquisition costs adjustment and other	'	'	-629	630
Change in future policy benefits	'	'	-1,185	2,491
Deferred tax asset (liability)	'	'	-563	3,277
Other comprehensive income (loss)	'	'	5,140	-5,234
Noncontrolling interests	'	'	0	-16
Balance, end of period, net of tax	11,929	8,228	11,929	8,228
Foreign Currency Translation Adjustments	'	'	'	'
A rollforward of Accumulated Other Comprehensive Income (Loss)	'	'	'	'
Balance, beginning of period, net of tax	'	'	-952	-403
Changes in foreign currency translation adjustments	'	'	-29	-566
Deferred tax asset (liability)	'	'	-82	-12
Other comprehensive income (loss)	'	'	-111	-578
Noncontrolling interests	'	'	0	-5
Balance, end of period, net of tax	-1,063	-976	-1,063	-976
Change in Retirement Plan Liabilities Adjustment	'	'	'	'
A rollforward of Accumulated Other Comprehensive Income (Loss)	'	'	'	'
Balance, beginning of period, net of tax	'	'	-413	-1,044
Net actuarial gain (loss)	'	'	37	104
Prior service (cost) credit	'	'	-24	-27
Deferred tax asset (liability)	'	'	-6	-16
Other comprehensive income (loss)	'	'	7	61
Balance, end of period, net of tax	($406)	($983)	($406)	($983)

EQUITY_Details_Other_comprehen

EQUITY (Details - Other comprehensive income reclassification adjustments) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than-Temporary Credit Impairments Were Taken	'	'	'	'
Unrealized change arising during period	$21	($102)	$110	$372
Less: Reclassification adjustments included in net income	10	6	18	55
Total other comprehensive income (loss), before income tax expense (benefit)	11	-108	92	317
Less: Income tax expense (benefit)	-15	-21	-23	122
Total other comprehensive income (loss), net of income tax expense (benefit)	26	-87	115	195
Unrealized Appreciation (Depreciation) of All Other Investments	'	'	'	'
Unrealized change arising during period	2,909	-6,854	6,097	-8,132
Less: Reclassification adjustments included in net income	165	152	394	379
Total other comprehensive income (loss), before income tax expense (benefit)	2,744	-7,006	5,703	-8,511
Less: Income tax expense (benefit)	389	-2,560	563	-3,277
Total other comprehensive income (loss), net of income tax expense (benefit)	2,355	-4,446	5,140	-5,234
Foreign Currency Translation Adjustments	'	'	'	'
Unrealized change arising during period	73	-273	-29	-566
Total other comprehensive income (loss), before income tax expense (benefit)	73	-273	-29	-566
Less: Income tax expense (benefit)	26	32	82	12
Total other comprehensive income (loss), net of income tax expense (benefit)	47	-305	-111	-578
Change in Retirement Plan Liabilities Adjustment	'	'	'	'
Unrealized change arising during period	10	8	11	26
Less: Reclassification adjustments included in net income	-1	-26	-2	-51
Total other comprehensive income (loss), before income tax expense (benefit)	11	34	13	77
Less: Income tax expense (benefit)	13	17	6	16
Total other comprehensive income (loss), net of income tax expense (benefit)	-2	17	7	61
Other Comprehensive Income (Loss) Reclassification Adjustments	'	'	'	'
Unrealized change arising during period	3,013	-7,221	6,189	-8,300
Less: Reclassification adjustments included in net income	174	132	410	383
Total other comprehensive income (loss), before income tax expense (benefit)	2,839	-7,353	5,779	-8,683
Less: Income tax expense (benefit)	413	-2,532	628	-3,127
Other comprehensive income (loss)	$2,426	($4,821)	$5,151	($5,556)

EQUITY_Details_Reclassificatio

EQUITY (Details - Reclassification of significant items out of Accumulated other comprehensive income) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Other realized capital gains	$149	$1,618	($10)	$1,959
Amortization of deferred acquisition costs	1,396	1,353	2,701	2,639
Policyholder benefits and claims incurred	6,771	8,090	13,568	14,818
Amount Reclassified from Accumulated Other Comprehensive Income	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Total reclassifications for the period	174	132	410	383
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized | Amount Reclassified from Accumulated Other Comprehensive Income	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Other realized capital gains	10	6	18	55
Total reclassifications for the period	10	6	18	55
Unrealized appreciation (depreciation) of all other investments | Amount Reclassified from Accumulated Other Comprehensive Income	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Other realized capital gains	207	1,306	411	1,592
Amortization of deferred acquisition costs	-30	-37	5	6
Policyholder benefits and claims incurred	-12	-1,117	-22	-1,219
Total reclassifications for the period	165	152	394	379
Change in retirement plan liabilities adjustment | Amount Reclassified from Accumulated Other Comprehensive Income	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Prior-service costs	12	10	24	22
Actuarial gains/(losses)	-13	-36	-26	-73
Total reclassifications for the period	($1)	($26)	($2)	($51)

NONCONTROLLING_INTERESTS_Detai

NONCONTROLLING INTERESTS (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
A rollforward of noncontrolling interests	'	'	'	'	'
Balance, beginning of year	'	'	$611	'	'
Contributions from noncontrolling interests	'	'	9	13	'
Other comprehensive income (loss), net of tax:	'	'	'	'	'
Total other comprehensive income (loss), net of tax	11,511	'	11,511	'	6,360
Total comprehensive income (loss) attributable to noncontrolling interests	-37	6	-34	31	'
Balance, end of period	420	'	420	'	'
Redeemable Noncontrolling interests	'	'	'	'	'
A rollforward of noncontrolling interests	'	'	'	'	'
Balance, beginning of year	'	'	30	334	'
Contributions from noncontrolling interests	'	'	1	48	'
Distributions to noncontrolling interests	'	'	0	-144	'
Consolidation (deconsolidation)	'	'	-31	-145	'
Comprehensive income (loss):	'	'	'	'	'
Net income (loss)	'	'	0	4	'
Other comprehensive income (loss), net of tax:	'	'	'	'	'
Unrealized gains (losses) on investments	'	'	'	-15	'
Foreign currency translation adjustments	'	-2	'	-2	'
Total other comprehensive income (loss), net of tax	'	-17	'	-17	'
Total comprehensive income (loss) attributable to noncontrolling interests	'	'	0	-13	'
Other	'	'	'	0	'
Balance, end of period	0	80	0	80	'
Non-redeemable Noncontrolling interests	'	'	'	'	'
A rollforward of noncontrolling interests	'	'	'	'	'
Balance, beginning of year	'	'	611	667	'
Contributions from noncontrolling interests	'	'	9	13	'
Distributions to noncontrolling interests	'	'	-37	-31	'
Consolidation (deconsolidation)	'	'	-127	1	'
Comprehensive income (loss):	'	'	'	'	'
Net income (loss)	'	'	-34	48	'
Other comprehensive income (loss), net of tax:	'	'	'	'	'
Unrealized gains (losses) on investments	'	'	'	0	'
Foreign currency translation adjustments	'	-4	'	-4	'
Total other comprehensive income (loss), net of tax	'	-4	'	-4	'
Total comprehensive income (loss) attributable to noncontrolling interests	'	'	-34	44	'
Other	'	'	-2	-2	'
Balance, end of period	$420	$692	$420	$692	'

EARNINGS_PER_SHARE_EPS_Details

EARNINGS PER SHARE (EPS) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Numerator for EPS:	'	'	'	'
Income (loss) from continuing operations	$3,006	$2,740	$4,665	$4,898
Net income (loss) from continuing operations attributable to noncontrolling interests	-37	27	-34	52
Income (loss) attributable to AIG common shareholders from continuing operations	3,043	2,713	4,699	4,846
Income (loss) from discontinued operations, net of income tax	30	18	-17	91
Net income (loss) attributable to AIG common shareholders	$3,073	$2,731	$4,682	$4,937
Denominator for EPS:	'	'	'	'
Weighted average shares outstanding - basic	1,442,397,111	1,476,512,720	1,450,776,629	1,476,491,719
Dilutive shares	22,279,219	5,733,898	17,587,654	2,970,893
Weighted average shares outstanding - diluted	1,464,676,330	1,482,246,618	1,468,364,283	1,479,462,612
Basic:	'	'	'	'
Income from continuing operations	$2.11	$1.84	$3.24	$3.28
Income (loss) from discontinued operations	$0.02	$0.01	($0.01)	$0.06
Net Income (loss) attributable to AIG - basic (in dollars per share)	$2.13	$1.85	$3.23	$3.34
Diluted:	'	'	'	'
Income from continuing operations	$2.08	$1.83	$3.20	$3.27
Income (loss) from discontinued operations	$0.02	$0.01	($0.01)	$0.06
Net Income (loss) attributable to AIG - diluted (in dollars per share)	$2.10	$1.84	$3.19	$3.33
Number of shares, warrants, and options excluded from diluted shares outstanding because the effect would have been anti-dilutive	300,000	75,000,000	300,000	76,000,000

EMPLOYEE_BENEFITS_Details

EMPLOYEE BENEFITS (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Pensions	'	'	'	'
Components of net periodic benefit cost:	'	'	'	'
Service cost	$54	$56	$109	$112
Interest cost	65	56	129	113
Expected return on assets	-76	-69	-153	-139
Amortization of prior service (credit) cost	-9	-9	-18	-18
Amortization of net (gain) loss	13	36	26	72
Net periodic benefit cost	47	70	93	140
Contributed to pension plans	'	'	110	'
Estimates additional contribution to pension plans for the remainder of 2014	'	'	67	'
U.S. Pension Plans	'	'	'	'
Components of net periodic benefit cost:	'	'	'	'
Service cost	44	44	88	88
Interest cost	57	49	114	98
Expected return on assets	-71	-64	-142	-129
Amortization of prior service (credit) cost	-9	-9	-17	-17
Amortization of net (gain) loss	11	33	22	66
Net periodic benefit cost	32	53	65	106
Non U.S. Pension Plans	'	'	'	'
Components of net periodic benefit cost:	'	'	'	'
Service cost	10	12	21	24
Interest cost	8	7	15	15
Expected return on assets	-5	-5	-11	-10
Amortization of prior service (credit) cost	0	0	-1	-1
Amortization of net (gain) loss	2	3	4	6
Net periodic benefit cost	15	17	28	34
Postretirement Plans	'	'	'	'
Components of net periodic benefit cost:	'	'	'	'
Service cost	2	3	3	5
Interest cost	3	3	6	5
Expected return on assets	0	0	0	0
Amortization of prior service (credit) cost	-3	-2	-5	-5
Amortization of net (gain) loss	0	0	0	1
Net periodic benefit cost	2	4	4	6
U.S. Postretirement Plans	'	'	'	'
Components of net periodic benefit cost:	'	'	'	'
Service cost	1	2	2	3
Interest cost	3	2	5	4
Expected return on assets	0	0	0	0
Amortization of prior service (credit) cost	-3	-2	-5	-5
Amortization of net (gain) loss	0	0	0	1
Net periodic benefit cost	1	2	2	3
Non U.S. Postretirement Plans	'	'	'	'
Components of net periodic benefit cost:	'	'	'	'
Service cost	1	1	1	2
Interest cost	0	1	1	1
Expected return on assets	0	0	0	0
Amortization of prior service (credit) cost	0	0	0	0
Amortization of net (gain) loss	0	0	0	0
Net periodic benefit cost	$1	$2	$2	$3

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Income tax expense (benefit):	'	'	'	'	'
Effective tax rates on income from continuing operations (as a percent)	32.90%	13.40%	30.90%	18.90%	'
U.S. federal income tax at statutory rate (as a percent)	35.00%	35.00%	35.00%	35.00%	'
Deferred tax asset valuation allowance recognized	$659,000,000	'	$1,613,000,000	'	'
Deferred tax asset valuation allowance allocated to income from continuing operations	77,000,000	'	139,000,000	'	'
Deferred tax asset valuation allowance allocated to other comprehensive income	582,000,000	'	1,474,000,000	'	'
Accounting for Uncertainty in Income Taxes	'	'	'	'	'
Unrecognized tax benefits, excluding interest and penalties	4,500,000,000	'	4,500,000,000	'	4,300,000,000
Unrecognized tax benefits, if recognized would not affect the effective tax rate	200,000,000	'	200,000,000	'	100,000,000
Unrecognized tax benefits, if recognized would favorably affect the effective tax rate	4,300,000,000	'	4,300,000,000	'	4,200,000,000
Unrecognized tax benefits, interest and penalties accrued	1,000,000,000	'	1,000,000,000	'	1,100,000,000
Unrecognized tax benefits, interest net of the federal benefit (expense) and penalties	'	'	($62,000,000)	$78,000,000	'
Unrecognized tax benefits, period of reasonably possible change in balance	'	'	'P12M	'	'

INFORMATION_PROVIDED_IN_CONNEC2

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Balance Sheets) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
Assets:	'	'	'	'
Short-term investments	$20,888,000,000	$21,617,000,000	'	'
Other investments	349,088,000,000	334,811,000,000	'	'
Total investments	369,976,000,000	356,428,000,000	'	'
Cash	1,827,000,000	2,241,000,000	1,762,000,000	1,151,000,000
Other assets, including deferred income taxes	157,306,000,000	153,124,000,000	'	'
Assets held-for-sale	0	29,536,000,000	'	'
Total assets	529,109,000,000	541,329,000,000	'	'
Liabilities:	'	'	'	'
Insurance liabilities	274,370,000,000	271,252,000,000	'	'
Long-term debt	38,414,000,000	41,693,000,000	'	'
Other liabilities, including intercompany balances	107,744,000,000	102,725,000,000	'	'
Liabilities held-for-sale	0	24,548,000,000	'	'
Total liabilities	420,528,000,000	440,218,000,000	'	'
Redeemable noncontrolling interests (see Note 12)	0	30,000,000	'	'
Total AIG shareholders' equity	108,161,000,000	100,470,000,000	'	'
Non-redeemable noncontrolling interests	420,000,000	611,000,000	'	'
Total equity`	108,581,000,000	101,081,000,000	98,155,000,000	98,669,000,000
Total liabilities and equity	529,109,000,000	541,329,000,000	'	'
AIG (As Guarantor)	'	'	'	'
Assets:	'	'	'	'
Short-term investments	12,892,000,000	11,965,000,000	'	'
Other investments	11,025,000,000	7,561,000,000	'	'
Total investments	23,917,000,000	19,526,000,000	'	'
Cash	160,000,000	30,000,000	107,000,000	81,000,000
Loans to subsidiaries	31,880,000,000	31,220,000,000	'	'
Investment in consolidated subsidiaries	67,728,000,000	66,201,000,000	'	'
Other assets, including deferred income taxes	22,512,000,000	21,606,000,000	'	'
Total assets	146,197,000,000	138,583,000,000	'	'
Liabilities:	'	'	'	'
Long-term debt	27,602,000,000	30,839,000,000	'	'
Other liabilities, including intercompany balances	9,628,000,000	6,422,000,000	'	'
Loans from subsidiaries	806,000,000	852,000,000	'	'
Total liabilities	38,036,000,000	38,113,000,000	'	'
Total AIG shareholders' equity	108,161,000,000	100,470,000,000	'	'
Total equity`	108,161,000,000	100,470,000,000	'	'
Total liabilities and equity	146,197,000,000	138,583,000,000	'	'
Intercompany tax payable	2,900,000,000	1,400,000,000	'	'
Intercompany derivative liabilities	229,000,000	249,000,000	'	'
AIGLH	'	'	'	'
Assets:	'	'	'	'
Cash	2,000,000	51,000,000	31,000,000	73,000,000
Investment in consolidated subsidiaries	40,069,000,000	39,103,000,000	'	'
Other assets, including deferred income taxes	83,000,000	112,000,000	'	'
Total assets	40,154,000,000	39,266,000,000	'	'
Liabilities:	'	'	'	'
Long-term debt	1,296,000,000	1,352,000,000	'	'
Other liabilities, including intercompany balances	113,000,000	161,000,000	'	'
Loans from subsidiaries	100,000,000	200,000,000	'	'
Liabilities held-for-sale	0	'	'	'
Total liabilities	1,509,000,000	1,713,000,000	'	'
Total AIG shareholders' equity	38,645,000,000	37,553,000,000	'	'
Total equity`	38,645,000,000	37,553,000,000	'	'
Total liabilities and equity	40,154,000,000	39,266,000,000	'	'
Intercompany tax receivable (payable)	-19,000,000	98,000,000	'	'
Other Subsidiaries	'	'	'	'
Assets:	'	'	'	'
Short-term investments	9,313,000,000	11,404,000,000	'	'
Other investments	338,063,000,000	327,250,000,000	'	'
Total investments	347,376,000,000	338,654,000,000	'	'
Cash	1,665,000,000	2,160,000,000	'	'
Loans to subsidiaries	727,000,000	854,000,000	'	'
Other assets, including deferred income taxes	137,130,000,000	132,492,000,000	'	'
Assets held-for-sale	0	29,536,000,000	'	'
Total assets	486,898,000,000	503,696,000,000	'	'
Liabilities:	'	'	'	'
Insurance liabilities	274,370,000,000	271,252,000,000	'	'
Long-term debt	9,516,000,000	9,502,000,000	'	'
Other liabilities, including intercompany balances	101,682,000,000	98,908,000,000	'	'
Loans from subsidiaries	31,794,000,000	31,173,000,000	'	'
Liabilities held-for-sale	0	24,548,000,000	'	'
Total liabilities	417,362,000,000	435,383,000,000	'	'
Redeemable noncontrolling interests (see Note 12)	0	30,000,000	'	'
Total AIG shareholders' equity	69,116,000,000	67,672,000,000	'	'
Non-redeemable noncontrolling interests	420,000,000	611,000,000	'	'
Total equity`	69,536,000,000	68,283,000,000	'	'
Total liabilities and equity	486,898,000,000	503,696,000,000	'	'
Reclassifications and Eliminations	'	'	'	'
Assets:	'	'	'	'
Short-term investments	-1,317,000,000	-1,752,000,000	'	'
Total investments	-1,317,000,000	-1,752,000,000	'	'
Loans to subsidiaries	-32,607,000,000	-32,074,000,000	'	'
Investment in consolidated subsidiaries	-107,797,000,000	-105,304,000,000	'	'
Other assets, including deferred income taxes	-2,419,000,000	-1,086,000,000	'	'
Total assets	-144,140,000,000	-140,216,000,000	'	'
Liabilities:	'	'	'	'
Other liabilities, including intercompany balances	-3,679,000,000	-2,766,000,000	'	'
Loans from subsidiaries	-32,700,000,000	-32,225,000,000	'	'
Total liabilities	-36,379,000,000	-34,991,000,000	'	'
Total AIG shareholders' equity	-107,761,000,000	-105,225,000,000	'	'
Total equity`	-107,761,000,000	-105,225,000,000	'	'
Total liabilities and equity	($144,140,000,000)	($140,216,000,000)	'	'

INFORMATION_PROVIDED_IN_CONNEC3

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Income) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:	'	'	'	'
Equity in earnings of consolidated subsidiaries	$0	$0	$0	$0
Other income	16,105	18,426	32,217	35,388
Total revenues	16,105	18,426	32,217	35,388
Expenses:	'	'	'	'
Interest expense	463	535	942	1,112
Other expenses	11,128	14,688	24,250	27,858
Loss on extinguishment of debt	34	38	272	378
Total benefits, claims and expenses	11,625	15,261	25,464	29,348
Income (loss) from continuing operations before income tax expense (benefit)	4,480	3,165	6,753	6,040
Income tax expense (benefit)	1,474	425	2,088	1,142
Income (loss) from continuing operations	3,006	2,740	4,665	4,898
Income (loss) from discontinued operations, net of income tax	30	18	-17	91
Net income (loss)	3,036	2,758	4,648	4,989
Net income (loss) from continuing operations attributable to noncontrolling interests	-37	27	-34	52
Net income (loss) attributable to AIG	3,073	2,731	4,682	4,937
AIG (As Guarantor)	'	'	'	'
Revenues:	'	'	'	'
Equity in earnings of consolidated subsidiaries	3,503	2,374	5,488	4,265
Other income	255	673	479	967
Total revenues	3,758	3,047	5,967	5,232
Expenses:	'	'	'	'
Interest expense	410	482	832	1,010
Other expenses	784	335	1,026	593
Loss on extinguishment of debt	17	38	305	307
Total benefits, claims and expenses	1,211	855	2,163	1,910
Income (loss) from continuing operations before income tax expense (benefit)	2,547	2,192	3,804	3,322
Income tax expense (benefit)	-527	-538	-876	-1,618
Income (loss) from continuing operations	3,074	2,730	4,680	4,940
Income (loss) from discontinued operations, net of income tax	-1	1	2	-3
Net income (loss)	3,073	2,731	4,682	4,937
Net income (loss) from continuing operations attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to AIG	3,073	2,731	4,682	4,937
AIGLH	'	'	'	'
Revenues:	'	'	'	'
Equity in earnings of consolidated subsidiaries	744	754	1,474	1,424
Other income	0	0	0	0
Total revenues	744	754	1,474	1,424
Expenses:	'	'	'	'
Interest expense	29	32	58	68
Other expenses	17	0	18	71
Loss on extinguishment of debt	0	0	0	0
Total benefits, claims and expenses	46	32	76	139
Income (loss) from continuing operations before income tax expense (benefit)	698	722	1,398	1,285
Income tax expense (benefit)	123	-3	-21	-14
Income (loss) from continuing operations	575	725	1,419	1,299
Income (loss) from discontinued operations, net of income tax	0	0	0	0
Net income (loss)	575	725	1,419	1,299
Net income (loss) from continuing operations attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to AIG	575	725	1,419	1,299
Other Subsidiaries	'	'	'	'
Revenues:	'	'	'	'
Equity in earnings of consolidated subsidiaries	0	0	0	0
Other income	15,922	17,837	31,922	34,574
Total revenues	15,922	17,837	31,922	34,574
Expenses:	'	'	'	'
Interest expense	57	36	118	118
Other expenses	10,368	14,410	23,286	27,251
Loss on extinguishment of debt	17	0	17	71
Total benefits, claims and expenses	10,442	14,446	23,421	27,440
Income (loss) from continuing operations before income tax expense (benefit)	5,480	3,391	8,501	7,134
Income tax expense (benefit)	1,878	970	3,004	2,778
Income (loss) from continuing operations	3,602	2,421	5,497	4,356
Income (loss) from discontinued operations, net of income tax	31	17	-19	94
Net income (loss)	3,633	2,438	5,478	4,450
Net income (loss) from continuing operations attributable to noncontrolling interests	-37	27	-34	52
Net income (loss) attributable to AIG	3,670	2,411	5,512	4,398
Reclassifications and Eliminations	'	'	'	'
Revenues:	'	'	'	'
Equity in earnings of consolidated subsidiaries	-4,247	-3,128	-6,962	-5,689
Other income	-72	-84	-184	-153
Total revenues	-4,319	-3,212	-7,146	-5,842
Expenses:	'	'	'	'
Interest expense	-33	-15	-66	-84
Other expenses	-41	-57	-80	-57
Loss on extinguishment of debt	0	0	-50	0
Total benefits, claims and expenses	-74	-72	-196	-141
Income (loss) from continuing operations before income tax expense (benefit)	-4,245	-3,140	-6,950	-5,701
Income tax expense (benefit)	0	-4	-19	-4
Income (loss) from continuing operations	-4,245	-3,136	-6,931	-5,697
Income (loss) from discontinued operations, net of income tax	0	0	0	0
Net income (loss)	-4,245	-3,136	-6,931	-5,697
Net income (loss) from continuing operations attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to AIG	($4,245)	($3,136)	($6,931)	($5,697)

INFORMATION_PROVIDED_IN_CONNEC4

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Comprehensive Income) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Condensed Financial Statements, Captions [Line Items]	'	'	'	'
Net income (loss)	$3,036	$2,758	$4,648	$4,989
Other comprehensive income (loss)	2,426	-4,821	5,151	-5,556
Comprehensive income (loss)	5,462	-2,063	9,799	-567
Total comprehensive income (loss) attributable to noncontrolling interests	-37	6	-34	31
Comprehensive income (loss) attributable to AIG	5,499	-2,069	9,833	-598
AIG (As Guarantor)	'	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'	'
Net income (loss)	3,073	2,731	4,682	4,937
Other comprehensive income (loss)	2,426	-4,800	5,151	-5,535
Comprehensive income (loss)	5,499	-2,069	9,833	-598
Total comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to AIG	5,499	-2,069	9,833	-598
AIGLH	'	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'	'
Net income (loss)	575	725	1,419	1,299
Other comprehensive income (loss)	1,287	-3,351	2,781	-3,990
Comprehensive income (loss)	1,862	-2,626	4,200	-2,691
Total comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to AIG	1,862	-2,626	4,200	-2,691
Other Subsidiaries	'	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'	'
Net income (loss)	3,633	2,438	5,478	4,450
Other comprehensive income (loss)	1,884	-4,707	3,733	-5,627
Comprehensive income (loss)	5,517	-2,269	9,211	-1,177
Total comprehensive income (loss) attributable to noncontrolling interests	-37	6	-34	31
Comprehensive income (loss) attributable to AIG	5,554	-2,275	9,245	-1,208
Reclassifications and Eliminations	'	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'	'
Net income (loss)	-4,245	-3,136	-6,931	-5,697
Other comprehensive income (loss)	-3,171	8,037	-6,514	9,596
Comprehensive income (loss)	-7,416	4,901	-13,445	3,899
Total comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to AIG	($7,416)	$4,901	($13,445)	$3,899

INFORMATION_PROVIDED_IN_CONNEC5

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Cash Flows) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Condensed Financial Statements, Captions [Line Items]	'	'
Net cash provided by (used in) operating activities	$1,641	$1,674
Cash flows from investing activities:	'	'
Sales of investments	32,314	39,275
Purchase of investments	-28,157	-42,862
Loans to subsidiaries - net	0	0
Contributions to subsidiaries - net	0	0
Net change in restricted cash	-628	1,216
Net change in short-term investments	498	8,863
Other, net	-365	-421
Net cash provided by investing activities	3,662	6,071
Cash flows from financing activities:	'	'
Issuance of long-term debt	3,028	2,338
Repayments of long-term debt	-6,027	-8,319
Purchase of Common Stock	-1,849	0
Intercompany loans - net	'	0
Cash dividends paid to shareholders	-361	'
Other, net	-593	-1,074
Net cash used in financing activities	-5,802	-7,055
Effect of exchange rate changes on cash	-3	-70
Change in cash	-502	620
Cash at beginning of year	2,241	1,151
Reclassification to assets held for sale	88	-9
Cash at end of period	1,827	1,762
Interest:	'	'
Third party	-1,727	-2,408
Taxes:	'	'
Income tax authorities	-482	-209
AIG (As Guarantor)	'	'
Condensed Financial Statements, Captions [Line Items]	'	'
Net cash provided by (used in) operating activities	5,324	698
Cash flows from investing activities:	'	'
Sales of investments	1,714	646
Purchase of investments	-624	-4,179
Loans to subsidiaries - net	-530	2,427
Contributions to subsidiaries - net	111	-86
Net change in restricted cash	-20	422
Net change in short-term investments	65	4,129
Other, net	-27	205
Net cash provided by investing activities	689	3,564
Cash flows from financing activities:	'	'
Issuance of long-term debt	0	0
Repayments of long-term debt	-3,314	-4,107
Purchase of Common Stock	-1,849	0
Intercompany loans - net	-52	128
Cash dividends paid to shareholders	-361	'
Other, net	-307	-257
Net cash used in financing activities	-5,883	-4,236
Effect of exchange rate changes on cash	0	0
Change in cash	130	26
Cash at beginning of year	30	81
Reclassification to assets held for sale	0	'
Cash at end of period	160	107
Interest:	'	'
Third party	-946	-1,117
Intercompany	-1	-5
Taxes:	'	'
Income tax authorities	-17	-6
Intercompany	953	501
Non-cash financing and investing activities:	'	'
Capital contributions to subsidiaries through forgiveness of loans	993	341
Other capital contributions - net	0	245
AIGLH	'	'
Condensed Financial Statements, Captions [Line Items]	'	'
Net cash provided by (used in) operating activities	2,586	1,809
Cash flows from investing activities:	'	'
Sales of investments	0	0
Purchase of investments	0	0
Loans to subsidiaries - net	0	0
Contributions to subsidiaries - net	0	-1
Net change in restricted cash	0	0
Net change in short-term investments	0	0
Other, net	0	0
Net cash provided by investing activities	0	-1
Cash flows from financing activities:	'	'
Issuance of long-term debt	0	0
Repayments of long-term debt	0	-245
Purchase of Common Stock	0	0
Intercompany loans - net	-175	-123
Cash dividends paid to shareholders	-2,460	-1,482
Other, net	0	0
Net cash used in financing activities	-2,635	-1,850
Effect of exchange rate changes on cash	0	0
Change in cash	-49	-42
Cash at beginning of year	51	73
Reclassification to assets held for sale	0	'
Cash at end of period	2	31
Interest:	'	'
Third party	-51	-57
Intercompany	-4	-14
Taxes:	'	'
Income tax authorities	0	0
Intercompany	0	-78
Other Subsidiaries and Eliminations	'	'
Condensed Financial Statements, Captions [Line Items]	'	'
Net cash provided by (used in) operating activities	-6,269	-833
Cash flows from investing activities:	'	'
Sales of investments	30,600	38,629
Purchase of investments	-27,533	-38,683
Loans to subsidiaries - net	530	-2,427
Contributions to subsidiaries - net	-111	87
Net change in restricted cash	-608	794
Net change in short-term investments	433	4,734
Other, net	-338	-626
Net cash provided by investing activities	2,973	2,508
Cash flows from financing activities:	'	'
Issuance of long-term debt	3,028	2,338
Repayments of long-term debt	-2,713	-3,967
Purchase of Common Stock	0	0
Intercompany loans - net	227	-5
Cash dividends paid to shareholders	2,460	1,482
Other, net	-286	-817
Net cash used in financing activities	2,716	-969
Effect of exchange rate changes on cash	-3	-70
Change in cash	-583	636
Cash at beginning of year	2,160	997
Reclassification to assets held for sale	88	-9
Cash at end of period	1,665	1,624
Interest:	'	'
Third party	-730	-1,234
Intercompany	5	19
Taxes:	'	'
Income tax authorities	-465	-203
Intercompany	($953)	($423)

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)

3 Months Ended

6 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

Jun. 30, 2014

Jun. 30, 2014

Aug. 04, 2014

Jul. 31, 2014

Jul. 16, 2014

Jul. 16, 2014

Jul. 17, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 16, 2014

Jul. 16, 2014

Jul. 14, 2014

Jul. 14, 2014

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

AIG

Global Capital Markets (GCM) derivatives

Senior Notes due 2016

Senior Notes due 2016

Senior Notes due 2017

Senior Notes due 2017

Senior Notes due 2019

Senior Notes due 2044

Junior Subordinated Debentures

Senior notes and debentures

Subsequent Event [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate principal amount of debt redeemed

'

'

'

$2,000,000,000

'

'

'

$790,000,000

'

$1,250,000,000

'

'

'

'

'

Aggregate principal amount of debt issued

'

'

'

'

'

'

'

'

'

'

'

1,000,000,000

1,500,000,000

'

'

Interest rate (as a percent)

'

'

'

'

'

'

'

'

4.88%

'

3.80%

2.30%

4.50%

'

'

Cash dividend declared per common share (in dollars per share)

$0.13

$0.25

$0.13

'

'

'

'

'

'

'

'

'

'

'

'

Amount of debt repurchased

'

'

'

'

'

'

'

'

'

'

'

'

'

1,800,000,000

700,000,000

Settlement of Countrywides mortgage repurchase obligations to various investors

'

'

'

'

8,500,000,000

'

'

'

'

'

'

'

'

'

'

Cash terms of the settlement under terms of settlement

'

'

'

'

'

650,000,000

'

'

'

'

'

'

'

'

'

Notional amount of credit risk derivatives

'

'

'

'

'

'

$8,800,000,000

'

'

'

'

'

'

'

'