American International (AIG) 10-Q3 Nov 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014	Oct. 29, 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-Sep-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	'	1,399,912,329
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Fixed maturity securities:	'	'
Bonds available for sale, at fair value (amortized cost: 2014 - $249,920; 2013 - $248,531)	$265,786	$258,274
Other bond securities, at fair value (See Note 6)	20,381	22,623
Equity securities:	'	'
Common and preferred stock available for sale, at fair value (cost: 2014 - $2,066; 2013 - $1,726)	4,344	3,656
Other common and preferred stock, at fair value (See Note ##NInvestments)	766	834
Mortgage and other loans receivable, net of allowance (portion measured at fair value: 2014 - $6; 2013 - $0)	23,397	20,765
Other invested assets (portion measured at fair value: 2014 - $9,045; 2013 - $8,598)	33,908	28,659
Short-term investments (portion measured at fair value: 2014 - $4,191; 2013 - $6,313)	17,852	21,617
Total investments	366,434	356,428
Cash	1,933	2,241
Accrued investment income	2,877	2,905
Premiums and other receivables, net of allowance	13,236	12,939
Reinsurance assets, net of allowance	23,864	23,829
Deferred income taxes	19,606	21,925
Deferred policy acquisition costs	9,603	9,436
Derivative assets, at fair value	1,588	1,665
Other assets, including restricted cash of $1,238 in 2014 and $865 in 2013 (portion measured at fair value: 2014 - $0; 2013 - $418)	10,239	9,366
Separate account assets, at fair value	77,810	71,059
Assets held-for-sale	0	29,536
Total assets	527,190	541,329
Liabilities:	'	'
Liability for unpaid claims and claims adjustment expense	78,674	81,547
Unearned premiums	23,695	21,953
Future policy benefits for life and accident and health insurance contracts	42,431	40,653
Policyholder contract deposits (portion measured at fair value: 2014 - $1,044; 2013 - $384)	123,744	122,016
Other policyholder funds (portion measured at fair value: 2014 - $8; 2013 - $0)	4,718	5,083
Derivative liabilities, at fair value	2,502	2,511
Other liabilities (portion measured at fair value: 2014 - $402; 2013 - $933)	28,410	29,155
Long-term debt (portion measured at fair value: 2014 - $5,667; 2013 - $6,747)	36,223	41,693
Separate account liabilities	77,810	71,059
Liabilities held-for-sale	0	24,548
Total liabilities	418,207	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 - 1,906,671,492 and 2013 - 1,906,645,689	4,766	4,766
Treasury stock, at cost; 2014 - 502,898,541 shares; 2013 - 442,582,366 shares	-17,720	-14,520
Additional paid-in capital	80,904	80,899
Retained earnings	29,300	22,965
Accumulated other comprehensive income	11,331	6,360
Total AIG shareholders equity	108,581	100,470
Non-redeemable noncontrolling interests (including $100 associated with businesses held for sale in 2013)	402	611
Total equity	108,983	101,081
Total liabilities and equity	$527,190	$541,329

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical - assets and liabilities) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Assets:	'	'
Bonds available for sale, amortized cost	$249,920	$248,531
Common and preferred stocks available for sale, cost	2,066	1,726
Mortgage and other loans receivable, portion measured at fair value	6	0
Other invested assets, portion measured at fair value	9,045	8,598
Short-term investments, portion measured at fair value	4,191	6,313
Other assets, restriced cash	1,238	865
Other assets, portion measured at fair value	0	418
Liabilities:	'	'
Policyholder contract deposits, portion measured at fair value	1,044	384
Other Policyholder contract deposits, portion measured at fair value	8	0
Other liabilities, portion measured at fair value	402	933
Long-term debt, portion measured at fair value	$5,667	$6,747

CONDENSED_CONSOLIDATED_BALANCE2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical - equity) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
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	1,906,671,492	1,906,645,689
Treasury stock, shares of common stock	502,898,541	442,582,366
Non-redeemable noncontrolling interests, associated with businesses held for sale	$0	$100

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues:	'	'	'	'
Premiums	$9,453	$9,352	$27,949	$27,924
Policy fees	743	645	2,136	1,883
Net investment income	4,028	3,573	12,108	11,581
Net realized capital gains (losses):	'	'	'	'
Total other-than-temporary impairments on available for sale securities	-34	-33	-116	-90
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss)	-1	-6	-21	-17
Net other-than-temporary impairments on available for sale securities recognized in net income (loss)	-35	-39	-137	-107
Other realized capital gains (losses)	505	291	495	2,250
Total net realized capital gains (losses)	470	252	358	2,143
Aircraft leasing revenue	0	1,118	1,602	3,303
Other income	1,960	1,004	4,718	4,498
Total revenues	16,654	15,944	48,871	51,332
Benefits, claims and expenses:	'	'	'	'
Policyholder benefits and claims incurred	7,203	7,416	20,771	22,234
Interest credited to policyholder account balances	882	924	2,800	2,913
Amortization of deferred acquisition costs	1,288	1,220	3,989	3,859
Other acquisition and insurance expenses	2,117	2,251	6,447	6,734
Interest expense	430	516	1,372	1,628
Aircraft leasing expenses	0	1,119	1,585	3,243
Loss on extinguishment of debt	742	81	1,014	459
Net (gain) loss on sale of divested businesses	-18	0	-2,196	47
Other expenses	991	1,239	3,317	2,997
Total benefits, claims and expenses	13,635	14,766	39,099	44,114
Income from continuing operations before income tax expense	3,019	1,178	9,772	7,218
Income tax expense (benefit)	820	-970	2,908	172
Income from continuing operations	2,199	2,148	6,864	7,046
Income (loss) from discontinued operations, net of income tax expense	2	-18	-15	73
Net income	2,201	2,130	6,849	7,119
Less:	'	'	'	'
Net income (loss) from continuing operations attributable to noncontrolling interests	9	-40	-25	12
Net income attributable to AIG	$2,192	$2,170	$6,874	$7,107
Basic:	'	'	'	'
Income from continuing operations	$1.54	$1.48	$4.78	$4.77
Income (loss) from discontinued operations	$0	($0.01)	($0.01)	$0.05
Net income attributable to AIG	$1.54	$1.47	$4.77	$4.82
Diluted:	'	'	'	'
Income from continuing operations	$1.52	$1.47	$4.72	$4.75
Income (loss) from discontinued operations	$0	($0.01)	($0.01)	$0.05
Net income attributable to AIG	$1.52	$1.46	$4.71	$4.80
Weighted average shares outstanding:	'	'	'	'
Basic (in shares)	1,419,239,774	1,475,053,126	1,440,148,774	1,476,007,034
Diluted (in shares)	1,442,067,842	1,485,322,858	1,459,483,233	1,481,410,873
Dividend declared per common share (in dollars per share)	$0.13	$0.10	$0.38	$0.10

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'	'	'
Net income (loss)	$2,201	$2,130	$6,849	$7,119
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	59	-23	174	172
Change in unrealized appreciation (depreciation) of all other investments	-168	-434	4,972	-5,668
Change in foreign currency translation adjustments	-78	-49	-189	-627
Change in net derivative gains (losses) arising from cash flow hedging activities	0	0	0	0
Change in retirement plan liabilities adjustment	6	-26	13	35
Other comprehensive income (loss)	-181	-532	4,970	-6,088
Comprehensive income (loss)	2,020	1,598	11,819	1,031
Comprehensive income (loss) attributable to noncontrolling interests	8	-42	-26	-11
Comprehensive income (loss) attributable to AIG	$2,012	$1,640	$11,845	$1,042

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	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
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	'	'	'	'	'	'	'	'
Purchase of common stock	-192	-192	'	-192	'	'	'	'
Net income (loss) attributable to AIG or other noncontrolling interests	7,119	7,107	0	0	0	7,107	0	12
Dividends	-147	-147	'	'	'	-147	'	'
Other comprehensive income (loss)	-6,071	-6,065	0	0	0	0	-6,065	-6
Net increase (decrease) due to deconsolidation	1	'	'	'	'	'	'	1
Contributions from noncontrolling interests	25	0	0	0	0	0	0	25
Distributions to noncontrolling interests	-37	0	0	0	0	0	0	-37
Other	82	88	0	1	87	0	0	-6
Balance at Sep. 30, 2013	99,449	98,793	4,766	-14,115	80,497	21,136	6,509	656
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	-3,200	-3,200	0	-3,200	0	0	0	0
Net income (loss) attributable to AIG or other noncontrolling interests	6,849	6,874	0	0	0	6,874	0	-25
Dividends	-539	-539	0	0	0	-539	0	0
Other comprehensive income (loss)	4,970	4,971	0	0	0	0	4,971	-1
Net increase (decrease) due to deconsolidation	-123	0	0	0	0	0	0	-123
Contributions from noncontrolling interests	13	0	0	0	0	0	0	13
Distributions to noncontrolling interests	-78	0	0	0	0	0	0	-78
Other	10	5	0	0	5	0	0	5
Balance at Sep. 30, 2014	$108,983	$108,581	$4,766	($17,720)	$80,904	$29,300	$11,331	$402

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net income (loss)	$6,849	$7,119
(Income) loss from discontinued operations	15	-73
Noncash revenues, expenses, gains and losses included in income (loss):	'	'
Net gains on sales of securities available for sale and other assets	-602	-2,159
Net (gain) loss on sale of divested businesses	-2,196	47
Net losses on extinguishment of debt	1,014	459
Unrealized (gains) losses in earnings - net	-797	-7
Equity in income from equity method investments, net of dividends or distributions	-1,106	-944
Depreciation and other amortization	3,372	3,558
Impairments of assets	415	408
Changes in operating assets and liabilities:	'	'
Property casualty and life insurance reserves	184	768
Premiums and other receivables and payables - net	41	-44
Reinsurance assets and funds held under reinsurance treaties	-64	-336
Capitalization of deferred policy acquisition costs	-4,546	-4,412
Current and deferred income taxes - net	2,291	-206
Other, net	-513	-230
Total adjustments	-2,507	-3,098
Net cash provided by operating activities	4,357	3,948
Sales or distribution of:	'	'
Available for sale investments	16,063	27,961
Other securities	3,936	4,174
Other invested assets	3,034	4,111
Divested businesses, net	2,348	0
Maturities of fixed maturity securities available for sale	18,628	19,907
Principal payments received on and sales of mortgage and other loans receivable	2,552	2,721
Purchases of:	'	'
Available for sale investments	-34,630	-50,639
Other securities	-301	-1,880
Other invested assets	-3,205	-5,214
Mortgage and other loans receivable	-4,945	-3,109
Net change in restricted cash	-660	1,251
Net change in short-term investments	2,342	8,114
Other, net	-295	-879
Net cash provided by investing activities	4,867	6,518
Proceeds from (payments for)	'	'
Policyholder contract deposits	12,311	11,348
Policyholder contract withdrawals	-11,036	-12,481
Issuance of long-term debt	5,827	3,633
Repayments of long-term debt	-11,561	-11,355
Purchase of Common Stock	-3,403	-192
Dividends paid	-539	-147
Other, net	-1,200	-278
Net cash used in financing activities	-9,601	-9,472
Effect of exchange rate changes on cash	-19	-79
Net increase (decrease) in cash	-396	915
Cash at beginning of year	2,241	1,151
Change in cash of businesses held-for-sale	88	-8
Cash at end of period	$1,933	$2,058

Supplementary_Disclosure_of_Co

Supplementary Disclosure of Condensed Consolidated Cash Flow Information (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash paid during the period for:	'	'
Interest	$2,496	$2,951
Taxes	614	378
Non-cash investing/financing activities:	'	'
Interest credited to policyholder contract deposits included in financing activities	3,007	2,977
Non-cash consideration received from sale of ILFC	$4,586	$0

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 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 September 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	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Sep. 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, must be presented as a discontinued operation if they meet the new definition. The standard also requires entities to provide disclosures about the 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 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 may be applied retrospectively or through a cumulative effect adjustment to retained earnings 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 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 accounting guidance and new disclosure requirements for certain transactions accounted for as sales are effective for interim and annual reporting periods beginning after December 15, 2014, while the disclosure requirements for transactions accounted for as secured borrowings are effective for annual reporting periods beginning after December 15, 2014 and for interim reporting periods beginning after March 15, 2015. Early adoption is not permitted. We plan to adopt the standard on its required effective dates 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 standard is effective for interim and annual reporting periods beginning after December 15, 2015. Early 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 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.
	Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity

	In August 2014, the FASB issued an accounting standard that allows a reporting entity to measure the financial assets and financial liabilities of a qualifying consolidated collateralized financing entity using the fair value of either its financial assets or financial liabilities, whichever is more observable.
	The standard is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. The standard may be applied retrospectively to all relevant prior periods presented starting with January 1, 2010 or through a cumulative effect adjustment to retained earnings at the date of adoption. We plan to adopt the standard on its required effective date of January 1, 2016 and are assessing the impact of the standard on our consolidated financial condition, results of operations or cash flows.

SEGMENT_INFORMATION

SEGMENT INFORMATION	9 Months Ended
SEGMENT INFORMATION	Sep. 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 September 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	$	5,971	$	573	$	5,760	$	610
	Consumer Insurance		3,362		131		3,359		93
	Other		674		503		585		423
	Total AIG Property Casualty		10,007		1,207		9,704		1,126
	AIG Life and Retirement
	Retail		3,318		1,160		2,884		941
	Institutional		1,756		771		1,760		300
	Total AIG Life and Retirement		5,074		1,931		4,644		1,241
	Other Operations
	Mortgage Guaranty		262		135		236		43
	Global Capital Markets		72		58		87		29
	Direct Investment book		430		228		147		52
	Corporate & Other		978		-676		217		-1,347
	Aircraft Leasing		-		-		1,118		-1
	Consolidation and elimination		-9		-1		-9		1
	Total Other Operations		1,733		-256		1,796		-1,223
	AIG Consolidation and elimination		-160		137		-200		34
	Total AIG Consolidated	$	16,654	$	3,019	$	15,944	$	1,178



			2014				2013
	Nine Months Ended September 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	$	17,502	$	2,149	$	17,229	$	2,186
	Consumer Insurance		9,962		315		10,212		337
	Other		2,159		1,542		2,032		1,422
	Total AIG Property Casualty		29,623		4,006		29,473		3,945
	AIG Life and Retirement
	Retail		9,056		2,563		9,326		3,114
	Institutional		4,939		1,849		6,106		1,416
	Total AIG Life and Retirement		13,995		4,412		15,432		4,530
	Other Operations
	Mortgage Guaranty		771		423		710		162
	Global Capital Markets		417		332		592		431
	Direct Investment book		1,260		855		1,373		1,084
	Corporate & Other		1,771		-544		1,123		-3,093
	Aircraft Leasing		1,602		17		3,303		60
	Consolidation and elimination		-24		1		-28		3
	Total Other Operations		5,797		1,084		7,073		-1,353
	AIG Consolidation and elimination		-544		270		-646		96
	Total AIG Consolidated	$	48,871	$	9,772	$	51,332	$	7,218

HELDFORSALE_CLASSIFICATION_AND

HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS	9 Months Ended
HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS	Sep. 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 nine-month period ended September 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 September 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 September 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				Nine Months Ended
		September 30,				September 30,
	(in millions)		2014		2013		2014		2013
	Revenues:
	Gain (loss) on sale	$	5	$	-27	$	56	$	119
	Income (loss) from discontinued operations, before income tax
	(benefit) expense		5		-27		56		119
	Income tax (benefit) expense		3		-9		71		46
	Income (loss) from discontinued operations, net of income tax	$	2	$	-18	$	-15	$	73

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
FAIR VALUE MEASUREMENTS	Sep. 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:
	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 nine-month periods ended September 30, 2014, we transferred $32 million and $330 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 three- and nine-month periods ended September 30, 2014, we transferred $4 million and $107 million, respectively, 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 nine-month periods ended September 30, 2014.
During the three- and nine-month periods ended September 30, 2013, we transferred $174 million and $731 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 three- and nine-month periods ended September 30, 2013, we transferred $263 million and $356 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 2 to Level 1 during the three- and nine-month periods ended September 30, 2013.
Changes in Level 3 Recurring Fair Value Measurements

The following tables present changes during the three- and nine-month periods ended September 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 September 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 September 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	1,991	$	-1	$	-11	$	43	$	-	$	-8	$	2,014	$	-
Non-U.S. governments		25		-		-		1		-		-3		23		-
Corporate debt		2,196		2		-22		-73		3		-97		2,009		-
RMBS		16,328		264		-49		375		-		-		16,918		-
CMBS		5,917		27		-39		14		-		-3		5,916		-
CDO/ABS		7,431		18		-2		692		53		-35		8,157		-
Total bonds available for sale		33,888		310		-123		1,052		56		-146		35,037		-
Other bond securities:
RMBS		1,062		-		-		-39		-		-		1,023		-9
CMBS		757		-24		-		-20		-		-		713		-21
CDO/ABS		8,397		257		-		-451		-		-134		8,069		76
Total other bond securities		10,216		233		-		-510		-		-134		9,805		46
Equity securities available for sale:
Common stock		-		-		1		-		-		-1		-		-
Preferred stock		-		-		-		-		-		-		-		-
Mutual funds		-		-		-		-		1		-		1		-
Total equity securities available for sale		-		-		1		-		1		-1		1		-
Mortgage and other loans receivable		6		-		-		-		-		-		6		-
Other invested assets		5,824		-7		90		65		83		-246		5,809		-
Total	$	49,934	$	536	$	-32	$	607	$	140	$	-527	$	50,658	$	46
Liabilities:
Policyholder contract deposits	$	-842	$	-155	$	8	$	-2	$	-	$	-	$	-991	$	-21
Derivative liabilities, net:
Interest rate contracts		-67		-3		-		1		-		-2		-71		-3
Foreign exchange contracts		-9		-		-		2		-		-		-7		-
Equity contracts		91		6		-		2		-		-53		46		-
Commodity contracts		1		-1		-		-		-		-		-		-
Credit contracts		-1,085		75		-		-8		-		-		-1,018		65
Other contracts		-53		14		4		-20		-		-		-55		17
Total derivative liabilities, net		-1,122		91		4		-23		-		-55		-1,105		79
Long-term debt^(c)		-394		21		-		1		-		75		-297		16
Total	$	-2,358	$	-43	$	12	$	-24	$	-	$	20	$	-2,393	$	74


				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
Nine Months Ended September 30, 2014
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions^(b)	$	1,080	$	-1	$	180	$	896	$	-	$	-141	$	2,014	$	-
Non-U.S. governments		16		-		-1		7		4		-3		23		-
Corporate debt		1,255		8		31		-140		1,358		-503		2,009		-
RMBS		14,941		759		211		999		119		-111		16,918		-
CMBS		5,735		50		201		-43		69		-96		5,916		-
CDO/ABS		6,974		70		1		1,426		222		-536		8,157		-
Total bonds available for sale		30,001		886		623		3,145		1,772		-1,390		35,037		-
Other bond securities:
RMBS		937		51		-		33		2		-		1,023		9
CMBS		844		14		-		-151		6		-		713		11
CDO/ABS		8,834		926		-		-1,338		1		-354		8,069		341
Total other bond securities		10,615		991		-		-1,456		9		-354		9,805		361
Equity securities available for sale:
Common stock		1		-		1		-		-		-2		-		-
Preferred stock		-		-		-		-		-		-		-		-
Mutual funds		-		-		-		-		1		-		1		-
Total equity securities available for sale		1		-		1		-		1		-2		1		-
Mortgage and other loans receivable		-		-		-		6		-		-		6		-
Other invested assets		5,930		80		139		99		168		-607		5,809		-
Total	$	46,547	$	1,957	$	763	$	1,794	$	1,950	$	-2,353	$	50,658	$	361
Liabilities:
Policyholder contract deposits	$	-312	$	-687	$	-16	$	24	$	-	$	-	$	-991	$	-140
Derivative liabilities, net:
Interest rate contracts		-100		-2		-		33		-		-2		-71		-
Foreign exchange contracts		-		3		-		-10		-		-		-7		4
Equity contracts		49		14		-		-12		48		-53		46		6
Commodity contracts		1		-		-		-		-		-1		-		-
Credit contracts		-1,280		229		-		33		-		-		-1,018		229
Other contracts		-109		49		51		-46		-		-		-55		37
Total derivative liabilities, net		-1,439		293		51		-2		48		-56		-1,105		276
Long-term debt^(c)		-370		13		-		34		-70		96		-297		15
Total	$	-2,121	$	-381	$	35	$	56	$	-22	$	40	$	-2,393	$	151
				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 September 30, 2013
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	945	$	4	$	-28	$	160	$	-	$	-27	$	1,054	$	-
Non-U.S. governments		20		-		-		1		-		-		21		-
Corporate debt		1,634		-3		5		-		39		-233		1,442		-
RMBS		13,694		216		-60		127		167		-58		14,086		-
CMBS		5,455		4		55		102		-		-		5,616		-
CDO/ABS		6,142		37		-47		363		289		-133		6,651		-
Total bonds available for sale		27,890		258		-75		753		495		-451		28,870		-
Other bond securities:
RMBS		782		14		-		-8		27		-		815		13
CMBS		820		33		-		-53		31		-		831		29
CDO/ABS		8,972		243		-		-557		223		-		8,881		217
Total other bond securities		10,574		290		-		-618		281		-		10,527		259
Equity securities available for sale:
Common stock		76		-		-1		-48		-		-		27		-
Preferred stock		48		-		-		-		-		-		48		-
Total equity securities available for sale		124		-		-1		-48		-		-		75		-
Other invested assets		5,639		-25		78		55		1		-		5,748		-
Total	$	44,227	$	523	$	2	$	142	$	777	$	-451	$	45,220	$	259
Liabilities:
Policyholder contract deposits	$	-586	$	250	$	-	$	-51	$	-	$	-	$	-387	$	218
Derivative liabilities, net:
Interest rate contracts		779		6		-		-912		-		-		-127		3
Equity contracts		70		12		-		-1		1		-		82		10
Commodity contracts		1		-		-		-		-		-		1		-
Credit contracts		-1,594		52		-		36		-		-		-1,506		91
Other contracts		-105		16		-25		-16		-1		-		-131		8
Total derivatives liabilities, net		-849		86		-25		-893		-		-		-1,681		112
Long-term debt^(c)		-419		-25		-		1		-		-		-443		-19
Total	$	-1,854	$	311	$	-25	$	-943	$	-	$	-	$	-2,511	$	311










				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
Nine Months Ended September 30, 2013
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	1,024	$	29	$	-178	$	365	$	-	$	-186	$	1,054	$	-
Non-U.S. governments		14		-		-		7		1		-1		21		-
Corporate debt		1,487		-7		-9		30		371		-430		1,442		-
RMBS		11,662		624		279		1,393		186		-58		14,086		-
CMBS		5,124		15		75		290		161		-49		5,616		-
CDO/ABS		4,841		134		-47		1,383		668		-328		6,651		-
Total bonds available for sale		24,152		795		120		3,468		1,387		-1,052		28,870		-
Other bond securities:
RMBS		396		24		-		130		265		-		815		-27
CMBS		812		44		-		-193		282		-114		831		-13
CDO/ABS		8,536		1,096		-		-1,566		843		-28		8,881		434
Total other bond securities		9,744		1,164		-		-1,629		1,390		-142		10,527		394
Equity securities available for sale:
Common stock		24		-		4		-1		-		-		27		-
Preferred stock		44		-		4		-		-		-		48		-
Total equity securities available for sale		68		-		8		-1		-		-		75		-
Other invested assets		5,389		144		88		95		345		-313		5,748		-
Total	$	39,353	$	2,103	$	216	$	1,933	$	3,122	$	-1,507	$	45,220	$	394
Liabilities:
Policyholder contract deposits	$	-1,257	$	865	$	-	$	5	$	-	$	-	$	-387	$	825
Derivative liabilities, net:
Interest rate contracts		732		20		-		-879		-		-		-127		33
Equity contracts		47		49		-		-14		-		-		82		40
Commodity contracts		1		-		-		-1		-		1		1		-1
Credit contracts		-1,991		365		-		120		-		-		-1,506		486
Other contracts		-162		35		-16		13		-1		-		-131		8
Total derivatives liabilities, net		-1,373		469		-16		-761		-1		1		-1,681		566
Long-term debt^(c)		-344		-120		-		23		-2		-		-443		-41
Total	$	-2,974	$	1,214	$	-16	$	-733	$	-3	$	1	$	-2,511	$	1,350
(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 September 30, 2014
Bonds available for sale	$	320	$	-22	$	12	$	310
Other bond securities		-3		-		236		233
Equity securities available for sale		-		-		-		-
Other invested assets		18		-20		-5		-7
Policyholder contract deposits		-		-155		-		-155
Derivative liabilities, net		18		-1		74		91
Long-term debt		-		-		21		21
Three Months Ended September 30, 2013
Bonds available for sale	$	264	$	-21	$	15	$	258
Other bond securities		86		7		197		290
Equity securities available for sale		-		-		-		-
Other invested assets		-12		-5		-8		-25
Policyholder contract deposits		-		250		-		250
Derivative liabilities, net		11		8		67		86
Long-term debt		-		-		-25		-25
Nine Months Ended September 30, 2014
Bonds available for sale	$	922	$	-73	$	37	$	886
Other bond securities		97		2		892		991
Equity securities available for sale		-		-		-		-
Other invested assets		107		-33		6		80
Policyholder contract deposits		-		-687		-		-687
Derivative liabilities, net		49		4		240		293
Long-term debt		-		-		13		13
Nine Months Ended September 30, 2013
Bonds available for sale	$	713	$	-8	$	90	$	795
Other bond securities		114		8		1,042		1,164
Equity securities available for sale		-		-		-		-
Other invested assets		142		-34		36		144
Policyholder contract deposits		-		865		-		865
Derivative liabilities, net		26		25		418		469
Long-term debt		-		-		-120		-120
The following tables present the gross components of purchases, sales, issues and settlements, net, shown above, for the three- and nine-months ended September 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 September 30, 2014
	Assets:
	Bonds available for sale:
	Obligations of states, municipalities and political subdivisions	$	66	$	-3	$	-20	$	43
	Non-U.S. governments		1		-		-		1
	Corporate debt		22		-		-95		-73
	RMBS		1,062		-62		-625		375
	CMBS		276		-167		-95		14
	CDO/ABS		1,085		-68		-325		692
	Total bonds available for sale		2,512		-300		-1,160		1,052
	Other bond securities:
	RMBS		-		-3		-36		-39
	CMBS		-		-9		-11		-20
	CDO/ABS		6		-4		-453		-451
	Total other bond securities		6		-16		-500		-510
	Equity securities available for sale		-		-		-		-
	Other invested assets		276		-		-211		65
	Total assets	$	2,794	$	-316	$	-1,871	$	607
	Liabilities:
	Policyholder contract deposits	$	-	$	-36	$	34	$	-2
	Derivative liabilities, net		-		-2		-21		-23
	Long-term debt^(c)		-		-		1		1
	Total liabilities	$	-	$	-38	$	14	$	-24
	Three Months Ended September 30, 2013
	Assets:
	Bonds available for sale:
	Obligations of states, municipalities and political subdivisions	$	194	$	-34	$	-	$	160
	Non-U.S. governments		1		-		-		1
	Corporate debt		146		-		-146		-
	RMBS		750		-		-623		127
	CMBS		179		-3		-74		102
	CDO/ABS		628		-		-265		363
	Total bonds available for sale		1,898		-37		-1,108		753
	Other bond securities:
	RMBS		31		-12		-27		-8
	CMBS		-		-9		-44		-53
	CDO/ABS		-		-66		-491		-557
	Total other bond securities		31		-87		-562		-618
	Equity securities available for sale		-		-		-48		-48
	Other invested assets		249		-3		-191		55
	Total assets	$	2,178	$	-127	$	-1,909	$	142
	Liabilities:
	Policyholder contract deposits	$	-	$	-4	$	-47	$	-51
	Derivative liabilities, net		4		-		-897		-893
	Long-term debt^(c)		-		-		1		1
	Total liabilities	$	4	$	-4	$	-943	$	-943
									Purchases,
									Sales, Issues and
	(in millions)		Purchases		Sales		Settlements		Settlements, Net^(a)
	Nine Months Ended September 30, 2014
	Assets:
	Bonds available for sale:
	Obligations of states, municipalities and political subdivisions^(b)	$	1,002	$	-35	$	-71	$	896
	Non-U.S. governments		8		-		-1		7
	Corporate debt		141		-8		-273		-140
	RMBS		2,814		-88		-1,727		999
	CMBS		368		-224		-187		-43
	CDO/ABS		2,307		-70		-811		1,426
	Total bonds available for sale		6,640		-425		-3,070		3,145
	Other bond securities:
	RMBS		162		-22		-107		33
	CMBS		-		-15		-136		-151
	CDO/ABS		50		-19		-1,369		-1,338
	Total other bond securities		212		-56		-1,612		-1,456
	Equity securities available for sale		-		-		-		-
	Mortgage and other loans receivable		6		-		-		6
	Other invested assets		709		-1		-609		99
	Total assets	$	7,567	$	-482	$	-5,291	$	1,794
	Liabilities:
	Policyholder contract deposits	$	-	$	-94	$	118	$	24
	Derivative liabilities, net		1		-2		-1		-2
	Long-term debt^(c)		-		-		34		34
	Total liabilities	$	1	$	-96	$	151	$	56
	Nine Months Ended September 30, 2013
	Assets:
	Bonds available for sale:
	Obligations of states, municipalities and political subdivisions	$	502	$	-137	$	-	$	365
	Non-U.S. governments		9		-		-2		7
	Corporate debt		454		-114		-310		30
	RMBS		3,462		-231		-1,838		1,393
	CMBS		872		-167		-415		290
	CDO/ABS		2,099		-159		-557		1,383
	Total bonds available for sale		7,398		-808		-3,122		3,468
	Other bond securities:
	RMBS		244		-12		-102		130
	CMBS		19		-67		-145		-193
	CDO/ABS		318		-66		-1,818		-1,566
	Total other bond securities		581		-145		-2,065		-1,629
	Equity securities available for sale		58		-11		-48		-1
	Other invested assets		697		-49		-553		95
	Total assets	$	8,734	$	-1,013	$	-5,788	$	1,933
	Liabilities:
	Policyholder contract deposits	$	-	$	-16	$	21	$	5
	Derivative liabilities, net		9		-1		-769		-761
	Long-term debt^(c)		-		-		23		23
	Total liabilities	$	9	$	-17	$	-725	$	-733
(a) There were no issuances during the three- and nine-month periods ended September 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 September 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 $2 million of net losses and $35 million of net gains related to assets and liabilities transferred into Level 3 during the three- and nine-month periods ended September 30, 2014, respectively, and includes $52 million and $50 million of net gains related to assets and liabilities transferred out of Level 3 during the three- and nine-month periods ended September 30, 2014, respectively.
The Net realized and unrealized gains (losses) included in income or other comprehensive income as shown in the table above excludes $43 million of net gains and $12 million of net losses related to assets and liabilities transferred into Level 3 during the three- and nine-month periods ended September 30, 2013, respectively, and includes $18 million and $30 million of net gains related to assets and liabilities transferred out of Level 3 during the three- and nine-month periods ended September 30, 2013, respectively.
Transfers of Level 3 Assets

During the three- and nine-month periods ended September 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 nine-month periods ended September 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 nine-month periods ended September 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
		September 30,		Valuation		Range
(in millions)		2014		Technique	Unobservable Input	(Weighted Average )
Assets:

Obligations of states,		$	1,141	Discounted cash flow	Yield^(b)	4.15% - 4.93% (4.54%)
municipalities and
political subdivisions

Corporate debt			1,217	Discounted cash flow	Yield^(b)	0.00% - 8.57% (6.19%)


RMBS			17,384	Discounted cash flow	Constant prepayment rate^(a)(c)	0.36% - 9.74% (5.05%)
					Loss severity^(a)(c)	45.61% - 79.52% (62.57%)
					Constant default rate^(a)(c)	3.84% - 10.46% (7.15%)
					Yield^(c)	2.51% - 6.61% (4.56%)

Certain CDO/ABS			5,321	Discounted cash flow	Constant prepayment rate^(a)(c)	6.40% - 13.40% (9.90%)
					Loss severity^(a)(c)	43.80% - 59.90% (52.00%)
					Constant default rate^(a)(c)	2.60% - 14.90% (8.00%)
					Yield^(c)	4.70% - 10.30% (7.70%)

CMBS			6,048	Discounted cash flow	Yield^(b)	0.00% - 13.01% (4.50%)

CDO/ABS - Direct				Binomial Expansion	Recovery rate^(b)	7.00% - 58.00% (26.00%)
Investment book			425	Technique (BET)	Diversity score^(b)	6 - 23 (14)
					Weighted average life^(b)	0.25 - 10.32 years (4.09 years)
Liabilities:

Policyholder contract
deposits			991	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)	0.10% - 35.00%
					Utilization rate^(b)	0.50% - 30.00%

Total derivative
liabilities, net			813	BET	Recovery rate^(b)	5.00% - 32.00% (17.00%)
					Diversity score^(b)	9 - 27 (14)
					Weighted average life^(b)	2.69 - 10.32 years (4.67 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 and hedge funds 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-Sep-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	$	2,496	$	474		$	2,544	$	578

Real Estate / Infrastructure	Investments in real estate properties and infrastructure positions, including power plants and other energy generating facilities		427		209			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		136		10			140		13

Distressed	Securities of companies that are in default, under bankruptcy protection, or troubled		174		44			183		34

Other	Includes multi-strategy and mezzanine strategies		194		213			134		238
Total private equity funds			3,427		950			3,347		949
Hedge funds:
Event-driven	Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations		1,188		2			976		2

Long-short	Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk		2,096		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		486		-			612		-

Distressed	Securities of companies that are in default, under bankruptcy protection or troubled		659		5			594		15

Emerging markets	Investments in the financial markets of developing countries		302		-			287		-

Other	Includes multi-strategy and relative value strategies		238		-			157		-
Total hedge funds			4,969		11			4,385		28
Total		$	8,396	$	961		$	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 September 30, 2014, assuming average original expected lives of 10 years for the funds, 74 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, 18 percent between four and six years and 8 percent between seven and 10 years.
The hedge fund investments included above are generally redeemable monthly (15 percent), quarterly (46 percent), semi-annually (16 percent) and annually (23 percent), with redemption notices ranging from one day to 180 days. At September 30, 2014, however, investments representing approximately 51 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 September 30,				Gain (Loss) Nine Months Ended September 30,
	Gain (Loss) Three Months Ended September 30,				Gain (Loss) Nine Months Ended September 30,
(in millions)		2014		2013		2014		2013
Assets:
Mortgage and other loans receivable	$	-	$	1	$	-	$	3
Bond and equity securities		252		331		1,529		963
Alternative Investments^(a)		73		23		245		229
Other, including Short-term investments		2		3		7		8
Liabilities:
Long-term debt^(b)		23		-51		-186		271
Other liabilities		-4		-4		-10		-10
Total gain	$	346	$	303	$	1,585	$	1,464
(a) Includes hedge funds, private equity funds and other investment partnerships.
(b) Includes GIAs, notes, bonds, loans and mortgages payable.
We recognized gains of $8 million and losses of $14 million during the three- and nine-month periods ended September 30, 2014, respectively, and losses of $22 million and $37 million during the three- and nine-month periods ended September 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-Sep-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^*	$	5,667	$	4,344	$	1,323		$	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 September 30,					Nine Months Ended September 30,
(in millions)	Level 1		Level 2		Level 3			Total			2014		2013			2014		2013
30-Sep-14
Other investments	$	-	$	-	$	766	$	766		$	62	$	9		$	117	$	82
Investments in life settlements		-		-		473		473			52		61			139		139
Other assets		-		-		1		1			1		2			2		26
Total	$	-	$	-	$	1,240	$	1,240		$	115	$	72		$	258	$	247
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-Sep-14
Assets:
Mortgage and other loans receivable	$	-	$	217	$	24,468	$	24,685	$	23,391
Other invested assets		-		626		2,839		3,465		4,357
Short-term investments		-		13,661		-		13,661		13,661
Cash		1,933		-		-		1,933		1,933
Liabilities:
Policyholder contract deposits associated
with investment-type contracts		-		226		117,983		118,209		105,258
Other liabilities		-		3,993		-		3,993		3,993
Long-term debt		-		30,880		3,689		34,569		30,556
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
30-Sep-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	$	15	$	2,783	$	-	$	-	$	-	$	2,798
Obligations of states, municipalities and political subdivisions		-		26,158		2,014		-		-		28,172
Non-U.S. governments		772		21,867		23		-		-		22,662
Corporate debt		-		146,319		2,009		-		-		148,328
RMBS		-		21,786		16,918		-		-		38,704
CMBS		-		6,626		5,916		-		-		12,542
CDO/ABS		-		4,423		8,157		-		-		12,580
Total bonds available for sale		787		229,962		35,037		-		-		265,786
Other bond securities:
U.S. government and government sponsored entities		128		5,130		-		-		-		5,258
Obligations of states, municipalities and political subdivisions		-		122		-		-		-		122
Non-U.S. governments		-		2		-		-		-		2
Corporate debt		-		948		-		-		-		948
RMBS		-		1,143		1,023		-		-		2,166
CMBS		-		507		713		-		-		1,220
CDO/ABS		-		2,596		8,069		-		-		10,665
Total other bond securities		128		10,448		9,805		-		-		20,381
Equity securities available for sale:
Common stock		3,570		2		-		-		-		3,572
Preferred stock		-		29		-		-		-		29
Mutual funds		740		2		1		-		-		743
Total equity securities available for sale		4,310		33		1		-		-		4,344
Other equity securities		701		65		-		-		-		766
Mortgage and other loans receivable		-		-		6		-		-		6
Other invested assets		25		3,211		5,809		-		-		9,045
Derivative assets:
Interest rate contracts^(b)		7		2,805		11		-		-		2,823
Foreign exchange contracts^(b)		-		1,061		3		-		-		1,064
Equity contracts		107		65		49		-		-		221
Commodity contracts		-		-		-		-		-		-
Credit contracts		-		-		20		-		-		20
Other contracts		-		-		34		-		-		34
Counterparty netting and cash collateral		-		-		-		-1,769		-805		-2,574
Total derivative assets		114		3,931		117		-1,769		-805		1,588
Short-term investments		560		3,631		-		-		-		4,191
Separate account assets		72,592		5,218		-		-		-		77,810
Other assets		-		-		-		-		-		-
Total	$	79,217	$	256,499	$	50,775	$	-1,769	$	-805	$	383,917
Liabilities:
Policyholder contract deposits	$	-	$	53	$	991	$	-	$	-	$	1,044
Other policyholder funds		-		8		-		-		-		8
Derivative liabilities:
Interest rate contracts^(b)		-		2,649		82		-		-		2,731
Foreign exchange contracts^(b)		-		1,493		10		-		-		1,503
Equity contracts		-		88		3		-		-		91
Commodity contracts		-		5		-		-		-		5
Credit contracts		-		-		1,038		-		-		1,038
Other contracts		-		-		89		-		-		89
Counterparty netting and cash collateral		-		-		-		-1,769		-1,186		-2,955
Total derivative liabilities		-		4,235		1,222		-1,769		-1,186		2,502
Long-term debt		-		5,370		297		-		-		5,667
Other liabilities		70		332		-		-		-		402
Total	$	70	$	9,998	$	2,510	$	-1,769	$	-1,186	$	9,623

INVESTMENTS

INVESTMENTS	9 Months Ended
INVESTMENTS	Sep. 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-Sep-14
	Bonds available for sale:
	U.S. government and government sponsored entities	$	2,638	$	180	$	-20	$	2,798	$	-
	Obligations of states, municipalities and political subdivisions		26,699		1,557		-84		28,172		-11
	Non-U.S. governments		21,889		955		-182		22,662		-
	Corporate debt		139,166		10,222		-1,060		148,328		73
	Mortgage-backed, asset-backed and collateralized:
	RMBS		35,511		3,507		-314		38,704		1,862
	CMBS		11,959		694		-111		12,542		218
	CDO/ABS		12,058		637		-115		12,580		50
	Total mortgage-backed, asset-backed and collateralized		59,528		4,838		-540		63,826		2,130
	Total bonds available for sale^(b)		249,920		17,752		-1,886		265,786		2,192
	Equity securities available for sale:
	Common stock		1,323		2,268		-19		3,572		-
	Preferred stock		24		5		-		29		-
	Mutual funds		719		41		-17		743		-
	Total equity securities available for sale		2,066		2,314		-36		4,344		-
	Total	$	251,986	$	20,066	$	-1,922	$	270,130	$	2,192
	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 September 30, 2014 and December 31, 2013, bonds available for sale held by us that were below investment grade or not rated totaled $35.0 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-Sep-14
	Bonds available for sale:
	U.S. government and government sponsored entities	$	491	$	5		$	303	$	15		$	794	$	20
	Obligations of states, municipalities and political
	subdivisions		924		20			1,183		64			2,107		84
	Non-U.S. governments		2,074		34			2,213		148			4,287		182
	Corporate debt		14,653		239			14,521		821			29,174		1,060
	RMBS		3,849		72			4,432		242			8,281		314
	CMBS		956		6			2,483		105			3,439		111
CDO/ABS		2,937		33			1,770		82			4,707		115
Total bonds available for sale		25,884		409			26,905		1,477			52,789		1,886
Equity securities available for sale:
Common stock		116		13			7		6			123		19
Preferred stock		5		-			-		-			5		-
Mutual funds		282		12			70		5			352		17
Total equity securities available for sale		403		25			77		11			480		36
Total	$	26,287	$	434		$	26,982	$	1,488		$	53,269	$	1,922
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 September 30, 2014, we held 6,689 and 137 individual fixed maturity and equity securities, respectively, that were in an unrealized loss position, of which 2,399 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 September 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-Sep-14	Available for Sale					Position Available for Sale
(in millions)		Amortized Cost		Fair Value			Amortized Cost		Fair Value
Due in one year or less	$	10,843	$	11,017		$	857	$	846
Due after one year through five years		50,274		52,949			7,038		6,926
Due after five years through ten years		65,793		69,252			14,788		14,353
Due after ten years		63,482		68,742			15,025		14,237
Mortgage-backed, asset-backed and collateralized		59,528		63,826			16,967		16,427
Total	$	249,920	$	265,786		$	54,675	$	52,789
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 September 30,								Nine Months Ended September 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	$	118	$	21	$	516	$	26	$	528	$	65		$	2,216	$	153
Equity securities		33		4		18		6		102		10			101		15
Total	$	151	$	25	$	534	$	32	$	630	$	75		$	2,317	$	168
For the three- and nine-month periods ended September 30, 2014, the aggregate fair value of available for sale securities sold was $4.2 billion and $16.2 billion, respectively, which resulted in net realized capital gains of $0.1 billion and $0.5 billion, respectively.
For the three- and nine-month periods ended September 30, 2013, the aggregate fair value of available for sale securities sold was $8.4 billion and $27.7 billion, respectively, which resulted in net realized capital gains of $0.5 billion and $2.1 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-Sep-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	$	5,258	25	%		$	5,723	24	%
Obligations of states, municipalities and political subdivisions		122	1				121	1
Non-U.S. governments		2	-				2	-
Corporate debt		948	4				1,169	5
Mortgage-backed, asset-backed and collateralized:
RMBS		2,166	10				2,263	10
CMBS		1,220	6				1,353	6
CDO/ABS and other collateralized^*		10,665	50				11,985	51
Total mortgage-backed, asset-backed and collateralized		14,051	66				15,601	67
Other		-	-				7	-
Total fixed maturity securities		20,381	96				22,623	97
Equity securities		766	4				834	3
Total	$	21,147	100	%		$	23,457	100	%
* Includes $0.9 billion and $1.0 billion of U.S. Government agency backed ABS at September 30, 2014 and December 31, 2013, respectively.
Net Investment Income

The following table presents the components of Net investment income:
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(in millions)		2014		2013			2014		2013
Fixed maturity securities, including short-term investments	$	3,022	$	3,005		$	9,264	$	8,969
Equity securities		135		98			67		123
Interest on mortgage and other loans		318		292			947		862
Alternative investments^*		636		288			2,108		1,892
Real estate		25		32			86		99
Other investments		25		-22			34		59
Total investment income		4,161		3,693			12,506		12,004
Investment expenses		133		120			398		423
Net investment income	$	4,028	$	3,573		$	12,108	$	11,581
* 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					Nine Months Ended
	September 30,					September 30,
(in millions)		2014		2013			2014		2013
Sales of fixed maturity securities	$	97	$	490		$	463	$	2,063
Sales of equity securities		29		12			92		86
Other-than-temporary impairments:
Severity		-		-			-		-5
Change in intent		-14		-1			-20		-4
Foreign currency declines		-3		-			-13		-
Issuer-specific credit events		-31		-51			-124		-130
Adverse projected cash flows		-2		-			-7		-7
Provision for loan losses		-11		-33			9		-38
Foreign exchange transactions		350		-276			329		135
Derivative instruments		36		192			-302		209
Impairments on investments in life settlements		-52		-61			-139		-139
Other		71		-20			70		-27
Net realized capital gains	$	470	$	252		$	358	$	2,143
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					Nine Months Ended
	September 30,					September 30,
(in millions)		2014		2013			2014		2013
Increase (decrease) in unrealized appreciation (depreciation) of investments:
Fixed maturity securities	$	-1,515	$	-1,696		$	6,123	$	-12,971
Equity securities		303		189			348		180
Other investments		94		50			127		57
Total Increase (decrease) in unrealized appreciation (depreciation) of investments^*	$	-1,118	$	-1,457		$	6,598	$	-12,734
* 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					Nine Months Ended
	September 30,					September 30,
(in millions)		2014		2013			2014		2013
Balance, beginning of period	$	3,166	$	4,236		$	3,872	$	5,164
Increases due to:
Credit impairments on new securities subject to impairment losses		13		6			35		33
Additional credit impairments on previously impaired securities		5		29			59		59
Reductions due to:
Credit impaired securities fully disposed for which there was no
prior intent or requirement to sell		-116		-68			-528		-626
Accretion on securities previously impaired due to credit^*		-183		-184			-544		-611
Other		-		-			-9		-
Balance, end of period	$	2,885	$	4,019		$	2,885	$	4,019
* 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)	$	29,851
Cash flows expected to be collected^*		23,983
Recorded investment in acquired securities		15,896
* Represents undiscounted expected cash flows, including both principal and interest.
(in millions)	30-Sep-14		31-Dec-13
Outstanding principal balance	$	16,883	$	14,741
Amortized cost		12,097		10,110
Fair value		13,489		11,338
The following table presents activity for the accretable yield on PCI securities:
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)		2014		2013		2014		2013
Balance, beginning of period	$	7,042	$	5,901	$	6,940	$	4,766
Newly purchased PCI securities		358		202		1,127		1,308
Disposals		-		-		-		-60
Accretion		-223		-187		-654		-517
Effect of changes in interest rate indices		-96		282		-327		388
Net reclassification from non-accretable difference,
including effects of prepayments		30		405		25		718
Balance, end of period	$	7,111	$	6,603	$	7,111	$	6,603
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-Sep-14		31-Dec-13
Securities available for sale	$	2,860	$	3,837
Other securities		2,187		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-Sep-14		31-Dec-13
Securities collateral pledged to us	$	7,347	$	8,878
Amount sold or repledged by us		106		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 $6.2 billion and $6.7 billion at September 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 $53 million and $57 million of stock in FHLBs at September 30, 2014 and December 31, 2013, respectively. In addition, our subsidiaries have pledged securities available for sale with a fair value of $530 million and $80 million at September 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 September 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	9 Months Ended
LENDING ACTIVITIES	Sep. 30, 2014
LENDING ACTIVITIES	'
LENDING ACTIVITIES	'
	7. LENDING ACTIVITIES

	The following table presents the composition of Mortgage and other loans receivable:
		September 30,			December 31,
	(in millions)		2014		2013
	Commercial mortgages^*	$	17,841	$	16,195
	Life insurance policy loans		2,756		2,830
	Commercial loans, other loans and notes receivable		3,084		2,052
	Total mortgage and other loans receivable		23,681		21,077
	Allowance for losses		-284		-312
	Mortgage and other loans receivable, net	$	23,397	$	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 14 percent and 16 percent, respectively, at September 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-Sep-14
	Credit Quality Indicator:
	In good standing	973		$	3,231	$	5,390	$	3,868	$	1,718	$	1,469	$	1,784	$	17,460	98	%
	Restructured^(a)	8			4		285		16		-		-		22		327	2
	90 days or less delinquent	1			-		14		-		-		-		-		14	-
	>90 days delinquent or in
	process of foreclosure	3			40		-		-		-		-		-		40	-
	Total^(b)	985		$	3,275	$	5,689	$	3,884	$	1,718	$	1,469	$	1,806	$	17,841	100	%
	Valuation allowance			$	9	$	96	$	14	$	20	$	6	$	30	$	175	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) Over 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
	Nine Months Ended September 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								-10		-13		-23			-5		-37		-42
	Recoveries of loans previously charged off								-		16		16			3		6		9
	Net charge-offs								-10		3		-7			-2		-31		-33
	Provision for loan losses								-16		-6		-22			47		-16		31
	Other								-		1		1			-1		-4		-5
	Allowance, end of period							$	175^*	$	109	$	284		$	203^*	$	195	$	398
	* Of the total allowance at the end of the period, $86 million and $102 million relates to individually assessed credit losses on $246 million and $267 million of commercial mortgage loans at September 30, 2014 and 2013, respectively.
	No significant loans were modified in a troubled debt restructuring during the nine-month periods ended September 30, 2014 and 2013.

VARIABLE_INTEREST_ENTITIES

VARIABLE INTEREST ENTITIES	9 Months Ended
VARIABLE INTEREST ENTITIES	Sep. 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-Sep-14
	Assets:
	Bonds available for sale	$	-	$	11,320	$	-	$	-	$	41	$	11,361
	Other bond securities		-		7,375		662		-		44		8,081
	Mortgage and other loans receivable		-		2,460		-		-		168		2,628
	Other invested assets		586		-		-		1,725		705		3,016
	Other ^(a)		41		697		90		46		561		1,435
	Total assets^(b)(c)	$	627	$	21,852	$	752	$	1,771	$	1,519	$	26,521
	Liabilities:
	Long-term debt	$	69	$	1,371	$	91	$	184	$	73	$	1,788
	Other ^(d)		32		91		-		88		201		412
	Total liabilities	$	101	$	1,462	$	91	$	272	$	274	$	2,200
	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 September 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 September 30, 2014 and December 31, 2013, includes approximately $21.7 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 September 30, 2014 and December 31, 2013.
	(e) At September 30, 2014 and December 31, 2013, off-balance sheet exposure, primarily consisting of commitments to real estate and investment funds, was $60.2 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-Sep-14
	Real estate and investment funds	$	20,228		$	2,741	$	421	$	3,162
	Affordable housing partnerships		438			438		-		438
	Other		615			31		-		31
	Total	$	21,281		$	3,210	$	421	$	3,631
	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 September 30, 2014 and December 31, 2013, $3.2 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	9 Months Ended
DERIVATIVES AND HEDGE ACCOUNTING	Sep. 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-Sep-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		327		12			1,645		164			-		-			1,857		190
	Equity contracts		99		1			8		1			-		-			-		-
	Derivatives not designated
	as hedging instruments:
	Interest rate contracts		47,090		2,823			37,613		2,783			50,897		3,771			59,585		3,849
	Foreign exchange contracts		13,965		1,052			9,456		1,339			1,774		52			3,789		129
	Equity contracts^(b)		8,373		220			38,420		1,113			29,296		413			9,840		524
	Commodity contracts		15		-			12		5			17		1			13		5
	Credit contracts		30		20			5,688		1,038			70		55			15,459		1,335
	Other contracts^(c)		35,169		34			636		89			32,440		34			1,408		167
	Total derivatives not
	designated as hedging
	instruments		104,642		4,149			91,825		6,367			114,494		4,326			90,094		6,009
	Total derivatives, gross	$	105,068	$	4,162		$	93,503	$	6,533		$	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 September 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 $35.6 billion and $1.0 billion, respectively, at September 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-Sep-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	$	30,619	$	2,331		$	28,650	$	3,020		$	41,942	$	2,567		$	52,679	$	3,506
	AIG Markets		25,142		1,308			20,959		1,798			12,531		964			23,716		1,506
	Total Global Capital Markets derivatives		55,761		3,639			49,609		4,818			54,473		3,531			76,395		5,012
	Non-Global Capital Markets derivatives^(a)		49,307		523			43,894		1,715			60,021		795			15,668		1,202
	Total derivatives, gross	$	105,068		4,162		$	93,503		6,533		$	114,494		4,326		$	92,063		6,214
	Counterparty netting^(b)				-1,769					-1,769					-1,734					-1,734
	Cash collateral^(c)				-805					-1,186					-820					-1,484
	Total derivatives, net				1,588					3,578					1,772					2,996
	Less: Bifurcated embedded derivatives				-					1,076					107					485
	Total derivatives on consolidated
	balance sheet			$	1,588				$	2,502				$	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 $2.9 billion and $3.2 billion at September 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 $1.0 billion at both September 30, 2014 and December 31, 2013. 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 transferred 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 nine-month periods ended September 30, 2014, we recognized gains of $104 million and $107 million, respectively, and for the three- and nine-month periods ended September 30, 2013, we recognized losses of $108 million and $13 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					Nine Months Ended
		September 30,				September 30,
(in millions)		2014		2013			2014		2013
Interest rate contracts:
Gain recognized in earnings on derivatives^(a)	$	-	$	2		$	2	$	2
Gain recognized in earnings on hedged items^(b)		10		17			85		70
Foreign exchange contracts:^(c)
Loss recognized in earnings on derivatives^(d)		-76		-21			-20		-61
Gain recognized in earnings on hedged items^(e)		97		19			37		66
Gain (loss) recognized in earnings for amounts excluded from effectiveness testing		9		-2			-3		5
Equity contracts:^(f)
Gain (loss) recognized in earnings on derivatives		4		-			-10		-
Gain (loss) recognized in earnings on hedged items		-6		-			8		-
Gain (loss) recognized in earnings for amounts excluded from effectiveness testing		-2		-			-2		-
(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 nine-month period ended September 30, 2014.
(b) Includes gains of $10 million and $17 million for the three-month periods ended September 30, 2014 and 2013, respectively, and $37 million and $72 million for the nine-month periods ended September 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 nine-month period ended September 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 nine-month periods ended September 30, 2014. All other gains and losses are recorded in Net realized capital gains (losses).
(e) Includes gains of $14 million and $22 million for the three- and nine-month periods ended September 30, 2014, 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 losses of $2 million and $3 million for the three- and nine-month periods ended September 30, 2014, respectively, in Interest credited to policyholder account balances. 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					Nine Months Ended
	September 30,					September 30,
(in millions)		2014		2013			2014		2013
By Derivative Type:
Interest rate contracts	$	222	$	35		$	409	$	-250
Foreign exchange contracts		253		-83			276		64
Equity contracts^*		-151		158			-562		670
Commodity contracts		-2		-1			-1		-3
Credit contracts		75		52			229		365
Other contracts		44		14			83		74
Total	$	441	$	175		$	434	$	920
By Classification:
Policy fees	$	74	$	56		$	210	$	149
Net investment income		43		-7			69		22
Net realized capital gains (losses)		13		200			-302		200
Other income (losses)		309		-71			447		560
Policyholder benefits and claims incurred		2		-3			10		-11
Total	$	441	$	175		$	434	$	920
* Includes embedded derivative losses of $64 million and $406 million for the three- and nine-month periods ended September 30, 2014, respectively, and embedded derivative gains of $266 million and $1.0 billion for the three- and nine-month periods ended September 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
	September 30,			December 31,		September 30,			December 31,		Three Months Ended September 30,					Nine Months Ended September 30,
(in millions)		2014		2013			2014		2013			2014		2013			2014		2013
Arbitrage:
Multi-sector CDOs^(a)		2,769		3,257			989		1,249			63		49			201		330
Corporate debt/CLOs^(b)(c)		2,715		11,832			6		28			12		5			22		26
Total	$	5,484	$	15,089		$	995	$	1,277		$	75	$	54		$	223	$	356
(a) During the nine-month period ended September 30, 2014, we paid $59 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 $899 million and $1.1 billion at September 30, 2014 and December 31, 2013, respectively.
(b) Corporate debt/Collateralized Loan Obligations (CLOs) include $790 million and $1.0 billion in net notional amount of credit default swaps written on the super senior tranches of CLOs at September 30, 2014 and December 31, 2013, respectively. Collateral postings with regards to Corporate debt/CLOs were $182 million and $353 million at September 30, 2014 and December 31, 2013, respectively.
(c) On July 17, 2014, GCM terminated Corporate Debt Super Senior CDSs with a notional amount of $8.8 billion.
The expected weighted average maturity of the super senior credit derivative portfolios as of September 30, 2014 was five years for the multi-sector CDO arbitrage portfolio and three 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 September 30, 2014 and December 31, 2013, the net notional amounts of these written CDS contracts were $205 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 $30 million and $50 million in net notional amounts at September 30, 2014 and December 31, 2013, respectively. The net unhedged positions of $175 million and $323 million at September 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 September 30, 2014 and December 31, 2013. At September 30, 2014 and December 31, 2013, the fair values of derivative liabilities (which represents the carrying value) of the portfolio of CDS were $23 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 September 30, 2014 and December 31, 2013, net collateral posted by us under these contracts was $26 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 may 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 September 30, 2014 and December 31, 2013, was approximately $2.8 billion and $2.6 billion, respectively. The aggregate fair value of assets posted as collateral under these contracts at September 30, 2014 and December 31, 2013, was $3.6 billion and $3.1 billion, respectively.
We estimate that at September 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 $48 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 $190 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 September 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 $6.1 billion and $6.4 billion at September 30, 2014 and December 31, 2013, respectively. These securities have par amounts of $12.1 billion and $13.4 billion at September 30, 2014 and December 31, 2013, respectively, and have remaining stated maturity dates that extend to 2052.

CONTINGENCIES_COMMITMENTS_AND_

CONTINGENCIES, COMMITMENTS AND GUARANTEES	9 Months Ended
CONTINGENCIES, COMMITMENTS AND GUARANTEES	Sep. 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 July 15, 2014, lead plaintiffs and all defendants except AIG’s outside auditors accepted a mediator’s proposal to settle the Consolidated 2008 Securities Litigation for a cash payment by AIG of $960 million (the AIG Settlement). On August 1, 2014, lead plaintiff and AIG’s outside auditors accepted a mediator’s proposal to resolve the Consolidated 2008 Securities Litigation for a cash payment by the outside auditors (the Auditor Settlement and, collectively with the AIG Settlement, the Settlement). On October 7, 2014, the Court granted lead plaintiff’s Motion for Preliminary Approval of Settlement and Approval of Notice to the Class and scheduled a final settlement approval hearing for March 20, 2015. The Settlement remains subject to notice to the class and final approval by the Court. On October 22, 2014, AIG made a cash payment of $960 million, which is being held in escrow pending final approval of the AIG Settlement and which will be returned if the AIG Settlement is not approved. The AIG 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.
	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 required the parties to meet and confer concerning the impact of the Fifth Third Bancorp case and the possibility of settlement. On September 10, 2014, plaintiffs’ counsel filed a letter with the Court on behalf of all parties, informing the Court that the parties had agreed to schedule a mediation to explore the possibility of settlement. The parties have scheduled a mediation in November 2014. On September 12, 2014, Judge Swain issued an order extending defendants’ time to respond to the second amended complaint to December 12, 2014.
	As of November 3, 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. Plaintiff has not yet moved to lift the stay.
	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 November 3, 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.
	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.
	In the SICO Treasury Action, 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 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 the SICO Treasury Action, AIG understands that SICO is seeking significant damages. Trial in the SICO Treasury Action began 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 Maiden Lane III LLC 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, and on September 12, 2014, the Alabama Supreme Court affirmed that order. AIG and the other defendants have petitioned for rehearing of that decision. Absent further review of the class certification order, the matter will return to the trial court for general discovery (which has not yet commenced) and adjudication of the merits. 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 appealed 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 and other state 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. Defendants filed a motion to dismiss the federal complaint on May 16, 2014. Thereafter, on June 2, 2014, AIG filed its First Amended Complaint to account for new statutory provisions raised for the first time in Defendants’ motion to dismiss. Defendants’ motion to dismiss the amended complaint was filed on June 20, 2014 and has been fully briefed. On October 31, 2014, AIG and NYDFS entered into a Consent Order, whereby AIG agreed to pay $35 million and dismiss the federal lawsuit in exchange for NYDFS’s agreement to discontinue its inquiry.
	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 December 22, 2014.
	As previously disclosed, 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 nine-month period ended September 30, 2014.
	Legal Reserves

	We recorded increases in our legal reserve liability of $5 million and $503 million in the three- and nine-month periods ended September 30, 2014, respectively.
	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.
	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 $2.5 billion at September 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 September 30, 2014 was $238 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 September 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.

EQUITY

EQUITY	9 Months Ended
EQUITY	Sep. 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
	Nine Months Ended September 30, 2014
	Shares, beginning of year	1,906,645,689	-442,582,366	1,464,063,323
	Shares issued	25,803	1,143	26,946
	Shares repurchased	-	-60,317,318	-60,317,318
	Shares, end of period	1,906,671,492	-502,898,541	1,403,772,951
	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. On September 25, 2014, AIG paid a dividend of $0.125 per share on AIG Common Stock to shareholders of record on September 11, 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 of $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 of $2.0 billion.
	We repurchased approximately 60 million shares of AIG Common Stock during the nine-month period ended September 30, 2014, for an aggregate purchase price of approximately $3.4 billion. As of September 30, 2014, less than $1 million remained under our repurchase authorization.
	In the second and third quarters of 2014, we executed three accelerated stock repurchase (ASR) agreements with third-party financial institutions. The total number of shares of AIG Common Stock repurchased in the nine-month period ended September 30, 2014, and the aggregate purchase price of those shares, each as set forth above, reflect our payment of approximately $1.7 billion in the aggregate under the ASR agreements and the receipt of approximately 27 million shares of AIG Common Stock in the aggregate, including the initial receipt of 70 percent of the total notional share equivalent, or approximately 8.8 million shares of AIG Common Stock, under an ASR agreement executed in September 2014. That ASR agreement settled in October 2014, at which time we received approximately 3.9 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 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
	Balance, December 31, 2013, net of tax	$	936	$	6,789	$	-952	$	-413	$	6,360
	Change in unrealized appreciation of investments		268		6,330		-		-		6,598
	Change in deferred acquisition costs adjustment and other		61		-433		-		-		-372
	Change in future policy benefits		-114		-781		-		-		-895
	Change in foreign currency translation adjustments		-		-		-149		-		-149
	Net actuarial gain		-		-		-		40		40
	Prior service cost		-		-		-		-36		-36
	Change in deferred tax asset (liability)		-41		-144		-40		9		-216
	Total other comprehensive income (loss)		174		4,972		-189		13		4,970
	Noncontrolling interests		-		-1		-		-		-1
	Balance, September 30, 2014, net of tax	$	1,110	$	11,762	$	-1,141	$	-400	$	11,331

	Balance, December 31, 2012, net of tax	$	575	$	13,446	$	-403	$	-1,044	$	12,574
	Change in unrealized appreciation (depreciation) of investments		314		-13,048		-		-		-12,734
	Change in deferred acquisition costs adjustment and other		-108		939		-		-		831
	Change in future policy benefits		80		2,727		-		-		2,807
	Change in foreign currency translation adjustments		-		-		-709		-		-709
	Net actuarial gain		-		-		-		94		94
	Prior service cost		-		-		-		-39		-39
	Change in deferred tax asset (liability)		-114		3,714		82		-20		3,662
	Total other comprehensive income (loss)		172		-5,668		-627		35		-6,088
	Noncontrolling interests		-		-16		-7		-		-23
	Balance, September 30, 2013, net of tax	$	747	$	7,794	$	-1,023	$	-1,009	$	6,509
	The following table presents the other comprehensive income reclassification adjustments for the three- and nine-month periods ended September 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 September 30, 2014
	Unrealized change arising during period	$	132	$	-575	$	-120	$	-8	$	-571
	Less: Reclassification adjustments
included in net income		9		12		-		1		22
Total other comprehensive income (loss),
before income tax expense (benefit)		123		-587		-120		-9		-593
Less: Income tax expense (benefit)		64		-419		-42		-15		-412
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	59	$	-168	$	-78	$	6	$	-181
Three Months Ended September 30, 2013
Unrealized change arising during period	$	-30	$	-652	$	-143	$	-44	$	-869
Less: Reclassification adjustments
included in net income		1		219		-		-22		198
Total other comprehensive loss,
before income tax benefit		-31		-871		-143		-22		-1,067
Less: Income tax expense (benefit)		-8		-437		-94		4		-535
Total other comprehensive loss,
net of income tax expense (benefit)	$	-23	$	-434	$	-49	$	-26	$	-532
Nine Months Ended September 30, 2014
Unrealized change arising during period	$	242	$	5,522	$	-149	$	3	$	5,618
Less: Reclassification adjustments
included in net income		27		406		-		-1		432
Total other comprehensive income (loss),
before income tax expense (benefit)		215		5,116		-149		4		5,186
Less: Income tax expense (benefit)		41		144		40		-9		216
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	174	$	4,972	$	-189	$	13	$	4,970
Nine Months Ended September 30, 2013
Unrealized change arising during period	$	342	$	-8,784	$	-709	$	-18	$	-9,169
Less: Reclassification adjustments
included in net income		56		598		-		-73		581
Total other comprehensive income (loss),
before income tax expense (benefit)		286		-9,382		-709		55		-9,750
Less: Income tax expense (benefit)		114		-3,714		-82		20		-3,662
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	172	$	-5,668	$	-627	$	35	$	-6,088
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 September 30,
(in millions)		2014		2013
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized

Investments		$	9	$	1			Other realized capital gains
Total			9		1			-
Unrealized appreciation (depreciation) of all other investments
Investments			117		501			Other realized capital gains
Deferred acquisition costs adjustment			-40		-39			Amortization of deferred acquisition costs
Future policy benefits			-65		-243			Policyholder benefits and claims incurred
Total			12		219
Change in retirement plan liabilities adjustment
Prior-service costs			11		13			*
Actuarial gains/(losses)			-10		-35			*
Total			1		-22
Total reclassifications for the period		$	22	$	198
	Amount Reclassified from Accumulated Other Comprehensive Income						Affected Line Item in the Consolidated Statements of Income

	Nine Months Ended September 30,
(in millions)		2014		2013
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized

Investments		$	27	$	56			Other realized capital gains
Total			27		56
Unrealized appreciation (depreciation) of all other investments
Investments			528		2,093			Other realized capital gains
Deferred acquisition costs adjustment			-35		-33			Amortization of deferred acquisition costs
Future policy benefits			-87		-1,462			Policyholder benefits and claims incurred
Total			406		598
Change in retirement plan liabilities adjustment
Prior-service costs			35		35			*
Actuarial gains/(losses)			-36		-108			*
Total			-1		-73			-
Total reclassifications for the period		$	432	$	581			-
* 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	9 Months Ended
NONCONTROLLING INTERESTS	Sep. 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
	Nine Months Ended September 30, 2014
	Balance, beginning of year	$	30	$	611
	Contributions from noncontrolling interests		1		13
	Distributions to noncontrolling interests		-		-78
	Deconsolidation		-31		-123
	Comprehensive income (loss):
	Net income (loss)		-		-25
	Unrealized losses on investments		-		-1
	Total other comprehensive
	income (loss), net of tax		-		-1
	Total comprehensive income (loss)		-		-26
	Other		-		5
	Balance, end of period	$	-	$	402
	Nine Months Ended September 30, 2013
	Balance, beginning of year	$	334	$	667
	Contributions from noncontrolling interests		48		25
	Distributions to noncontrolling interests		-153		-37
	Consolidation (deconsolidation)		-146		1
	Comprehensive income (loss):
	Net income		-		12
	Unrealized losses on investments		-15		-
	Foreign currency translation adjustments		-2		-6
	Total other comprehensive
	loss, net of tax		-17		-6
	Total comprehensive income (loss)		-17		6
	Other		-		-6
	Balance, end of period	$	66	$	656

EARNINGS_PER_SHARE_EPS

EARNINGS PER SHARE (EPS)	9 Months Ended
EARNINGS PER SHARE (EPS)	Sep. 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				Nine Months Ended
		September 30,				September 30,
	(dollars in millions, except per share data)		2014		2013		2014		2013
	Numerator for EPS:
	Income from continuing operations	$	2,199	$	2,148	$	6,864	$	7,046
	Less: Net income (loss) from continuing operations attributable to noncontrolling interests		9		-40		-25		12
	Income attributable to AIG common shareholders from continuing operations		2,190		2,188		6,889		7,034
	Income (loss) from discontinued operations, net of income tax expense		2		-18		-15		73
	Net income attributable to AIG common shareholders		2,192		2,170		6,874		7,107
	Denominator for EPS:
	Weighted average shares outstanding - basic		1,419,239,774		1,475,053,126		1,440,148,774		1,476,007,034
	Dilutive shares		22,828,068		10,269,732		19,334,459		5,403,839
	Weighted average shares outstanding - diluted^*		1,442,067,842		1,485,322,858		1,459,483,233		1,481,410,873
	Income per common share attributable to AIG:
	Basic:
	Income from continuing operations	$	1.54	$	1.48	$	4.78	$	4.77
	Income (loss) from discontinued operations	$	-	$	-0.01	$	-0.01	$	0.05
	Net income attributable to AIG	$	1.54	$	1.47	$	4.77	$	4.82
	Diluted:
	Income from continuing operations	$	1.52	$	1.47	$	4.72	$	4.75
	Income (loss) from discontinued operations	$	-	$	-0.01	$	-0.01	$	0.05
	Net income attributable to AIG	$	1.52	$	1.46	$	4.71	$	4.8
	* 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 nine-month periods ended September 30, 2014, and 0.4 million and 51 million for the three- and nine-month periods ended September 30, 2013, respectively, because the effect of including those shares in the calculation would have been anti-dilutive.

EMPLOYEE_BENEFITS

EMPLOYEE BENEFITS	9 Months Ended
EMPLOYEE BENEFITS	Sep. 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 September 30, 2014
	Components of net periodic benefit cost:
	Service cost	$	42	$	11	$	53	$	1	$	-	$	1
	Interest cost		57		7		64		2		1		3
	Expected return on assets		-73		-6		-79		-		-		-
	Amortization of prior service (credit) cost		-8		-1		-9		-3		-		-3
	Amortization of net (gain) loss		9		2		11		-		-		-
	Net periodic benefit cost	$	27	$	13	$	40	$	-	$	1	$	1
	Three Months Ended September 30, 2013
	Components of net periodic benefit cost:
	Service cost	$	71	$	12	$	83	$	1	$	1	$	2
	Interest cost		53		7		60		2		-		2
	Expected return on assets		-64		-4		-68		-		-		-
	Amortization of prior service (credit) cost		-8		-1		-9		-3		-		-3
	Amortization of net (gain) loss		40		3		43		-1		-		-1
	Net periodic benefit cost	$	92	$	17	$	109	$	-1	$	1	$	-
	Nine Months Ended September 30, 2014
	Components of net periodic benefit cost:
	Service cost	$	130	$	32	$	162	$	3	$	1	$	4
	Interest cost		171		22		193		7		2		9
	Expected return on assets		-215		-17		-232		-		-		-
	Amortization of prior service (credit) cost		-25		-2		-27		-8		-		-8
	Amortization of net (gain) loss		31		6		37		-		-		-
	Net periodic benefit cost	$	92	$	41	$	133	$	2	$	3	$	5
	Nine Months Ended September 30, 2013
	Components of net periodic benefit cost:
	Service cost	$	159	$	36	$	195	$	4	$	3	$	7
	Interest cost		151		22		173		6		1		7
	Expected return on assets		-193		-14		-207		-		-		-
	Amortization of prior service (credit) cost		-25		-2		-27		-8		-		-8
	Amortization of net (gain) loss		106		9		115		-		-		-
	Net periodic benefit cost	$	198	$	51	$	249	$	2	$	4	$	6
	For the nine-month period ended September 30, 2014, we contributed $163 million to our U.S. and non-U.S. pension plans and estimate that we will contribute an additional $14 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	9 Months Ended
INCOME TAXES	Sep. 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 nine-month periods ended September 30, 2014, the effective tax rate on income from continuing operations was 27.2 percent and 29.8 percent, respectively. The effective tax rate for the three- and nine-month periods ended September 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, income excludible from gross income related to the global resolution of certain residential mortgage-related disputes and a decrease in AIG Life and Retirement’s capital loss carryforward valuation allowance.
	For the three- and nine-month periods ended September 30, 2013, the effective tax rate on income from continuing operations was (82.3) percent and 2.4 percent, respectively. The effective tax rate for the three- and nine-month periods ended September 30, 2013 on income from continuing operations differs from the statutory tax rate of 35 percent primarily due to tax effects associated with tax exempt interest income, effective settlements of certain uncertain tax positions, and decreases primarily in AIG Life and Retirement’s capital loss carryforward valuation allowance and certain other valuation allowances associated with foreign jurisdictions. The decrease in the capital loss carryforward valuation allowance was primarily attributable to the actual and projected gains on sales of AIG Life and Retirement’s available-for-sale securities. For the nine-month period ended September 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 and the implementation of prudent and feasible tax planning strategies, during the three month period ended September 30, 2014, remaining AIG Life and Retirement capital loss carryforwards were realized prior to their expiration. This, together with the changes in market conditions, resulted in a conclusion that deferred tax assets related to unrealized tax losses in AIG Life and Retirement’s available for sale portfolio will more-likely-than-not be realized. Accordingly, the related deferred tax asset valuation allowance was released.
	For the three-month period ended September 30, 2014, we recognized a $206 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 $22 million was allocated to income from continuing operations and $184 million was allocated to other comprehensive income.
	For the nine-month period ended September 30, 2014, we recognized a $1.8 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 $161 million was allocated to income from continuing operations and $1.7 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 September 30, 2014 and December 31, 2013, our unrecognized tax benefits, excluding interest and penalties, were $4.5 billion and $4.3 billion, respectively. At September 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 September 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 September 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 nine-month periods ended September 30, 2014 and 2013, we accrued expense (benefit) of $(64) million and $(45) million, respectively, for the payment of interest (net of the federal benefit) and penalties.
	We regularly evaluate adjustments proposed by taxing authorities. At September 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	9 Months Ended
INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT	Sep. 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-Sep-14
	Assets:
	Short-term investments	$	9,290	$	-	$	8,930	$	-368	$	17,852
	Other investments^(a)		11,785		-		336,797		-		348,582
	Total investments		21,075		-		345,727		-368		366,434
	Cash		112		9		1,812		-		1,933
	Loans to subsidiaries^(b)		33,081		-		630		-33,711		-
	Investment in consolidated subsidiaries^(b)		67,156		38,647		-		-105,803		-
	Other assets, including deferred income taxes		23,939		725		138,999		-4,840		158,823
	Total assets	$	145,363	$	39,381	$	487,168	$	-144,722	$	527,190
	Liabilities:
	Insurance liabilities	$	-	$	-	$	273,262	$	-	$	273,262
	Long-term debt		25,613		1,132		9,478		-		36,223
	Other liabilities, including intercompany balances^(a)(c)		9,852		708		103,401		-5,239		108,722
	Loans from subsidiaries^(b)		1,317		-		32,475		-33,792		-
	Total liabilities		36,782		1,840		418,616		-39,031		418,207
	Redeemable noncontrolling interests (see Note 12)		-		-		-		-		-
	Total AIG shareholders’ equity		108,581		37,541		68,150		-105,691		108,581
	Non-redeemable noncontrolling interests		-		-		402		-		402
	Total equity		108,581		37,541		68,552		-105,691		108,983
	Total liabilities and equity	$	145,363	$	39,381	$	487,168	$	-144,722	$	527,190


	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 September 30, 2014 and December 31, 2013, includes intercompany tax payable of $3.3 billion and $1.4 billion, respectively, and intercompany derivative liabilities of $302 million and $249 million, respectively, for American International Group, Inc. (As Guarantor) and intercompany tax receivable of $83 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 September 30, 2014
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	2,661	$	1,315	$	-	$	-3,976	$	-
Other income		615		-		16,118		-79		16,654
Total revenues		3,276		1,315		16,118		-4,055		16,654
Expenses:
Interest expense		378		22		62		-32		430
Loss on extinguishment of debt		682		-		60		-		742
Other expenses		284		61		12,153		-35		12,463
Total expenses		1,344		83		12,275		-67		13,635
Income (loss) from continuing operations before income tax
expense (benefit)		1,932		1,232		3,843		-3,988		3,019
Income tax expense (benefit)		-261		-33		1,117		-3		820
Income (loss) from continuing operations		2,193		1,265		2,726		-3,985		2,199
Income (loss) from discontinued operations, net of income taxes		-1		-		3		-		2
Net income (loss)		2,192		1,265		2,729		-3,985		2,201
Less:
Net income from continuing operations attributable to
noncontrolling interests		-		-		9		-		9
Net income (loss) attributable to AIG	$	2,192	$	1,265	$	2,720	$	-3,985	$	2,192
Three Months Ended September 30, 2013
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	1,992	$	1,368	$	-	$	-3,360	$	-
Other income		64		1		15,984		-105		15,944
Total revenues		2,056		1,369		15,984		-3,465		15,944
Expenses:
Interest expense		465		29		59		-37		516
Loss on extinguishment of debt		81		-		-		-		81
Other expenses		668		3		13,529		-31		14,169
Total expenses		1,214		32		13,588		-68		14,766

Income (loss) from continuing operations before income tax
expense (benefit)		842		1,337		2,396		-3,397		1,178
Income tax expense (benefit)		-1,328		-13		384		-13		-970
Income (loss) from continuing operations		2,170		1,350		2,012		-3,384		2,148
Loss from discontinued operations, net of income taxes		-		-		-18		-		-18
Net income (loss)		2,170		1,350		1,994		-3,384		2,130
Less:
Net loss from continuing operations attributable to
noncontrolling interests		-		-		-40		-		-40
Net income (loss) attributable to AIG	$	2,170	$	1,350	$	2,034	$	-3,384	$	2,170


		American
		International						Reclassifications
		Group, Inc.				Other		and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
Nine Months Ended September 30, 2014
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	8,149	$	2,789	$	-	$	-10,938	$	-
Other income		1,094		-		48,040		-263		48,871
Total revenues		9,243		2,789		48,040		-11,201		48,871
Expenses:
Interest expense		1,210		80		180		-98		1,372
Loss on extinguishment of debt		987		-		77		-50		1,014
Other expenses		1,310		79		35,439		-115		36,713
Total expenses		3,507		159		35,696		-263		39,099
Income (loss) from continuing operations before income tax
expense (benefit)		5,736		2,630		12,344		-10,938		9,772
Income tax expense (benefit)		-1,137		-54		4,121		-22		2,908
Income (loss) from continuing operations		6,873		2,684		8,223		-10,916		6,864
Income (loss) from discontinued operations, net of income taxes		1		-		-16		-		-15
Net income (loss)		6,874		2,684		8,207		-10,916		6,849
Less:
Net loss from continuing operations attributable to
noncontrolling interests		-		-		-25		-		-25
Net income (loss) attributable to AIG	$	6,874	$	2,684	$	8,232	$	-10,916	$	6,874
Nine Months Ended September 30, 2013
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	6,257	$	2,792	$	-	$	-9,049	$	-
Other income		1,031		1		50,558		-258		51,332
Total revenues		7,288		2,793		50,558		-9,307		51,332
Expenses:
Interest expense		1,475		97		177		-121		1,628
Loss on extinguishment of debt		388		-		71		-		459
Other expenses		1,261		74		40,780		-88		42,027
Total expenses		3,124		171		41,028		-209		44,114
Income (loss) from continuing operations before income tax
expense (benefit)		4,164		2,622		9,530		-9,098		7,218
Income tax expense (benefit)		-2,946		-27		3,162		-17		172
Income (loss) from continuing operations		7,110		2,649		6,368		-9,081		7,046
Income (loss) from discontinued operations, net of income taxes		-3		-		76		-		73
Net income (loss)		7,107		2,649		6,444		-9,081		7,119
Less:
Net income from continuing operations attributable to
noncontrolling interests		-		-		12		-		12
Net income (loss) attributable to AIG	$	7,107	$	2,649	$	6,432	$	-9,081	$	7,107
* 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 September 30, 2014
Net income (loss)	$	2,192	$	1,265	$	2,729	$	-3,985	$	2,201
Other comprehensive income (loss)		-180		-259		-1,885		2,143		-181
Comprehensive income (loss)		2,012		1,006		844		-1,842		2,020
Total comprehensive income attributable to noncontrolling interests		-		-		8		-		8
Comprehensive income (loss) attributable to AIG	$	2,012	$	1,006	$	836	$	-1,842	$	2,012
Three Months Ended September 30, 2013
Net income (loss)	$	2,170	$	1,350	$	1,994	$	-3,384	$	2,130
Other comprehensive income (loss)		-530		-299		-498		795		-532
Comprehensive income (loss)		1,640		1,051		1,496		-2,589		1,598
Total comprehensive loss attributable to noncontrolling interests		-		-		-42		-		-42
Comprehensive income (loss) attributable to AIG	$	1,640	$	1,051	$	1,538	$	-2,589	$	1,640
Nine Months Ended September 30, 2014
Net income (loss)	$	6,874	$	2,684	$	8,207	$	-10,916	$	6,849
Other comprehensive income (loss)		4,971		2,522		1,848		-4,371		4,970
Comprehensive income (loss)		11,845		5,206		10,055		-15,287		11,819
Total comprehensive loss attributable to noncontrolling interests		-		-		-26		-		-26
Comprehensive income (loss) attributable to AIG	$	11,845	$	5,206	$	10,081	$	-15,287	$	11,845
Nine Months Ended September 30, 2013
Net income (loss)	$	7,107	$	2,649	$	6,444	$	-9,081	$	7,119
Other comprehensive income (loss)		-6,065		-4,289		-6,125		10,391		-6,088
Comprehensive income (loss)		1,042		-1,640		319		1,310		1,031
Total comprehensive loss attributable to noncontrolling interests		-		-		-11		-		-11
Comprehensive income (loss) attributable to AIG	$	1,042	$	-1,640	$	330	$	1,310	$	1,042
Condensed Consolidating Statements of Cash Flows

		American				Other
		International				Subsidiaries
		Group, Inc.				and		Consolidated
(in millions)		(As Guarantor)		AIGLH		Eliminations		AIG
Nine Months Ended September 30, 2014
Net cash (used in) provided by operating activities		7,228		4,333		-7,204		4,357
Cash flows from investing activities:
Sales of investments		2,032		-		44,529		46,561
Purchase of investments		-1,257		-		-41,824		-43,081
Loans to subsidiaries - net		-1,687		-		1,687		-
Contributions to subsidiaries - net		77		-		-77		-
Net change in restricted cash		-5		-		-655		-660
Net change in short-term investments		2,947		-		-605		2,342
Other, net		-61		-		-234		-295
Net cash provided by investing activities		2,046		-		2,821		4,867
Cash flows from financing activities:
Issuance of long-term debt		2,489		-		3,338		5,827
Repayments of long-term debt		-7,368		-165		-4,028		-11,561
Purchase of Common Stock		-3,403		-		-		-3,403
Intercompany loans - net		-47		-279		326		-
Cash dividends paid		-539		-3,931		3,931		-539
Other, net		-324		-		399		75
Net cash (used in) provided by financing activities		-9,192		-4,375		3,966		-9,601
Effect of exchange rate changes on cash		-		-		-19		-19
Change in cash		82		-42		-436		-396
Cash at beginning of year		30		51		2,160		2,241
Reclassification to assets held for sale		-		-		88		88
Cash at end of period	$	112	$	9	$	1,812	$	1,933

Nine Months Ended September 30, 2013
Net cash (used in) provided by operating activities		3,078		3,082		-2,212		3,948
Cash flows from investing activities:
Sales of investments		1,065		-		57,809		58,874
Purchase of investments		-4,981		-		-55,861		-60,842
Loans to subsidiaries - net		3,491		-		-3,491		-
Contributions to subsidiaries - net		-240		-1		241		-
Net change in restricted cash		428		-		823		1,251
Net change in short-term investments		2,552		-		5,562		8,114
Other, net		194		-		-1,073		-879
Net cash (used in) provided by investing activities		2,509		-1		4,010		6,518


Cash flows from financing activities:
Issuance of long-term debt		1,020		-		2,613		3,633
Repayments of long-term debt		-5,866		-245		-5,244		-11,355
Intercompany loans - net		-89		-205		294		-
Purchase of common stock		-192		-		-		-192
Cash dividends paid to shareholders		-147		-2,699		2,699		-147
Other, net		-332		-		-1,079		-1,411
Net cash (used in) financing activities		-5,606		-3,149		-717		-9,472
Effect of exchange rate changes on cash		-		-		-79		-79
Change in cash		-19		-68		1,002		915
Cash at beginning of year		81		73		997		1,151
Change in cash of businesses held for sale		-		-		-8		-8
Cash at end of period	$	62	$	5	$	1,991	$	2,058
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	$	-1,238	$	-87	$	-1,171	$	-2,496
Intercompany		-1		-7		8		-
Taxes:
Income tax authorities	$	-18	$	-	$	-596	$	-614
Intercompany		1,348		-		-1,348		-
Cash (paid) received during the 2013 period for:
Interest:
Third party	$	-1,473	$	-98	$	-1,380	$	-2,951
Intercompany		-9		-21		30		-
Taxes:
Income tax authorities	$	-160	$	-	$	-218	$	-378
Intercompany		1,116		-78		-1,038		-
American International Group, Inc. (As Guarantor) supplementary disclosure of non-cash activities:

Nine Months Ended September 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		-		523

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2014
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	17. SUBSEQUENT EVENTS

	Debt Redemptions and Repurchases
	On October 27, 2014, we further reduced DIB debt through a redemption of approximately $2.0 billion aggregate principal amount of its 8.250% Notes due 2018 using cash allocated to the DIB.
	In addition, since September 30, 2014, we repurchased approximately $2.0 billion aggregate principal amount of debt, including (i) approximately $1.6 billion aggregate principal amount of 8.175% Series A-6 Junior Subordinated Debentures and (ii) approximately $405 million aggregate principal amount of 5.450% Medium-Term Notes, Series MP, Matched Investment Program Due May 18, 2017, which were part of the DIB and were repaid using cash allocated to the DIB.
	We paid an aggregate purchase price of approximately $5.1 billion in connection with our redemptions and repurchases of debt since September 30, 2014.
	Debt Offering
	On October 15, 2014, we issued an additional $750 million aggregate principal amount of 4.500% Notes due 2044.
	Dividends Declared and Increase in Share Repurchase Authorization
	On November 3, 2014, our Board of Directors declared a cash dividend on AIG Common Stock of $0.125 per share, payable on December 18, 2014 to shareholders of record on December 4, 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.
	On October 31, 2014, our Board of Directors increased the aggregate purchase amount authorized under AIG’s August 1, 2013 AIG Common Stock share repurchase authorization by an additional $1.5 billion, resulting in an aggregate remaining authorization of approximately $1.5 billion.
	See Note 11 for further discussion.
	Legal Settlements
	On October 22, 2014, we made a cash payment of $960 million, which is being held in escrow pending final approval of the settlement of the Consolidated 2008 Securities Class Action. See Note 10 for further discussion.

BASIS_OF_PRESENTATION_Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
BASIS OF PRESENTATION (Policies)	Sep. 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)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 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, must be presented as a discontinued operation if they meet the new definition. The standard also requires entities to provide disclosures about the 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 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 may be applied retrospectively or through a cumulative effect adjustment to retained earnings 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 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 accounting guidance and new disclosure requirements for certain transactions accounted for as sales are effective for interim and annual reporting periods beginning after December 15, 2014, while the disclosure requirements for transactions accounted for as secured borrowings are effective for annual reporting periods beginning after December 15, 2014 and for interim reporting periods beginning after March 15, 2015. Early adoption is not permitted. We plan to adopt the standard on its required effective dates 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	'
	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 standard is effective for interim and annual reporting periods beginning after December 15, 2015. Early 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 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.
Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity	'
	Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity

	In August 2014, the FASB issued an accounting standard that allows a reporting entity to measure the financial assets and financial liabilities of a qualifying consolidated collateralized financing entity using the fair value of either its financial assets or financial liabilities, whichever is more observable.
	The standard is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. The standard may be applied retrospectively to all relevant prior periods presented starting with January 1, 2010 or through a cumulative effect adjustment to retained earnings at the date of adoption. We plan to adopt the standard on its required effective date of January 1, 2016 and are assessing the impact of the standard 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)	9 Months Ended
SEGMENT INFORMATION (Tables)	Sep. 30, 2014
SEGMENT INFORMATION	'
Schedule of operations by reportable segment	'
			2014				2013
	Three Months Ended September 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	$	5,971	$	573	$	5,760	$	610
	Consumer Insurance		3,362		131		3,359		93
	Other		674		503		585		423
	Total AIG Property Casualty		10,007		1,207		9,704		1,126
	AIG Life and Retirement
	Retail		3,318		1,160		2,884		941
	Institutional		1,756		771		1,760		300
	Total AIG Life and Retirement		5,074		1,931		4,644		1,241
	Other Operations
	Mortgage Guaranty		262		135		236		43
	Global Capital Markets		72		58		87		29
	Direct Investment book		430		228		147		52
	Corporate & Other		978		-676		217		-1,347
	Aircraft Leasing		-		-		1,118		-1
	Consolidation and elimination		-9		-1		-9		1
	Total Other Operations		1,733		-256		1,796		-1,223
	AIG Consolidation and elimination		-160		137		-200		34
	Total AIG Consolidated	$	16,654	$	3,019	$	15,944	$	1,178



			2014				2013
	Nine Months Ended September 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	$	17,502	$	2,149	$	17,229	$	2,186
	Consumer Insurance		9,962		315		10,212		337
	Other		2,159		1,542		2,032		1,422
	Total AIG Property Casualty		29,623		4,006		29,473		3,945
	AIG Life and Retirement
	Retail		9,056		2,563		9,326		3,114
	Institutional		4,939		1,849		6,106		1,416
	Total AIG Life and Retirement		13,995		4,412		15,432		4,530
	Other Operations
	Mortgage Guaranty		771		423		710		162
	Global Capital Markets		417		332		592		431
	Direct Investment book		1,260		855		1,373		1,084
	Corporate & Other		1,771		-544		1,123		-3,093
	Aircraft Leasing		1,602		17		3,303		60
	Consolidation and elimination		-24		1		-28		3
	Total Other Operations		5,797		1,084		7,073		-1,353
	AIG Consolidation and elimination		-544		270		-646		96
	Total AIG Consolidated	$	48,871	$	9,772	$	51,332	$	7,218

HELDFORSALE_CLASSIFICATION_AND1

HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Sep. 30, 2014
Held-for-Sale Classification and Discontinued Operations	'
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	'
Held-for-Sale Classification and Discontinued Operations	'
Summary of income (loss) from discontinued operations	'
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
	(in millions)		2014		2013		2014		2013
	Revenues:
	Gain (loss) on sale	$	5	$	-27	$	56	$	119
	Income (loss) from discontinued operations, before income tax
	(benefit) expense		5		-27		56		119
	Income tax (benefit) expense		3		-9		71		46
	Income (loss) from discontinued operations, net of income tax	$	2	$	-18	$	-15	$	73

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Sep. 30, 2014
FAIR VALUE MEASUREMENTS	'
Assets and liabilities measured at fair value on a recurring basis	'
	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.
	30-Sep-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	$	15	$	2,783	$	-	$	-	$	-	$	2,798
Obligations of states, municipalities and political subdivisions		-		26,158		2,014		-		-		28,172
Non-U.S. governments		772		21,867		23		-		-		22,662
Corporate debt		-		146,319		2,009		-		-		148,328
RMBS		-		21,786		16,918		-		-		38,704
CMBS		-		6,626		5,916		-		-		12,542
CDO/ABS		-		4,423		8,157		-		-		12,580
Total bonds available for sale		787		229,962		35,037		-		-		265,786
Other bond securities:
U.S. government and government sponsored entities		128		5,130		-		-		-		5,258
Obligations of states, municipalities and political subdivisions		-		122		-		-		-		122
Non-U.S. governments		-		2		-		-		-		2
Corporate debt		-		948		-		-		-		948
RMBS		-		1,143		1,023		-		-		2,166
CMBS		-		507		713		-		-		1,220
CDO/ABS		-		2,596		8,069		-		-		10,665
Total other bond securities		128		10,448		9,805		-		-		20,381
Equity securities available for sale:
Common stock		3,570		2		-		-		-		3,572
Preferred stock		-		29		-		-		-		29
Mutual funds		740		2		1		-		-		743
Total equity securities available for sale		4,310		33		1		-		-		4,344
Other equity securities		701		65		-		-		-		766
Mortgage and other loans receivable		-		-		6		-		-		6
Other invested assets		25		3,211		5,809		-		-		9,045
Derivative assets:
Interest rate contracts^(b)		7		2,805		11		-		-		2,823
Foreign exchange contracts^(b)		-		1,061		3		-		-		1,064
Equity contracts		107		65		49		-		-		221
Commodity contracts		-		-		-		-		-		-
Credit contracts		-		-		20		-		-		20
Other contracts		-		-		34		-		-		34
Counterparty netting and cash collateral		-		-		-		-1,769		-805		-2,574
Total derivative assets		114		3,931		117		-1,769		-805		1,588
Short-term investments		560		3,631		-		-		-		4,191
Separate account assets		72,592		5,218		-		-		-		77,810
Other assets		-		-		-		-		-		-
Total	$	79,217	$	256,499	$	50,775	$	-1,769	$	-805	$	383,917
Liabilities:
Policyholder contract deposits	$	-	$	53	$	991	$	-	$	-	$	1,044
Other policyholder funds		-		8		-		-		-		8
Derivative liabilities:
Interest rate contracts^(b)		-		2,649		82		-		-		2,731
Foreign exchange contracts^(b)		-		1,493		10		-		-		1,503
Equity contracts		-		88		3		-		-		91
Commodity contracts		-		5		-		-		-		5
Credit contracts		-		-		1,038		-		-		1,038
Other contracts		-		-		89		-		-		89
Counterparty netting and cash collateral		-		-		-		-1,769		-1,186		-2,955
Total derivative liabilities		-		4,235		1,222		-1,769		-1,186		2,502
Long-term debt		-		5,370		297		-		-		5,667
Other liabilities		70		332		-		-		-		402
Total	$	70	$	9,998	$	2,510	$	-1,769	$	-1,186	$	9,623
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 September 30, 2014
	Assets:
	Bonds available for sale:
	Obligations of states, municipalities
	and political subdivisions	$	1,991	$	-1	$	-11	$	43	$	-	$	-8	$	2,014	$	-
	Non-U.S. governments		25		-		-		1		-		-3		23		-
	Corporate debt		2,196		2		-22		-73		3		-97		2,009		-
	RMBS		16,328		264		-49		375		-		-		16,918		-
	CMBS		5,917		27		-39		14		-		-3		5,916		-
	CDO/ABS		7,431		18		-2		692		53		-35		8,157		-
	Total bonds available for sale		33,888		310		-123		1,052		56		-146		35,037		-
	Other bond securities:
	RMBS		1,062		-		-		-39		-		-		1,023		-9
	CMBS		757		-24		-		-20		-		-		713		-21
	CDO/ABS		8,397		257		-		-451		-		-134		8,069		76
	Total other bond securities		10,216		233		-		-510		-		-134		9,805		46
	Equity securities available for sale:
	Common stock		-		-		1		-		-		-1		-		-
	Preferred stock		-		-		-		-		-		-		-		-
	Mutual funds		-		-		-		-		1		-		1		-
	Total equity securities available for sale		-		-		1		-		1		-1		1		-
	Mortgage and other loans receivable		6		-		-		-		-		-		6		-
	Other invested assets		5,824		-7		90		65		83		-246		5,809		-
	Total	$	49,934	$	536	$	-32	$	607	$	140	$	-527	$	50,658	$	46
	Liabilities:
	Policyholder contract deposits	$	-842	$	-155	$	8	$	-2	$	-	$	-	$	-991	$	-21
	Derivative liabilities, net:
	Interest rate contracts		-67		-3		-		1		-		-2		-71		-3
	Foreign exchange contracts		-9		-		-		2		-		-		-7		-
	Equity contracts		91		6		-		2		-		-53		46		-
	Commodity contracts		1		-1		-		-		-		-		-		-
	Credit contracts		-1,085		75		-		-8		-		-		-1,018		65
	Other contracts		-53		14		4		-20		-		-		-55		17
	Total derivative liabilities, net		-1,122		91		4		-23		-		-55		-1,105		79
	Long-term debt^(c)		-394		21		-		1		-		75		-297		16
	Total	$	-2,358	$	-43	$	12	$	-24	$	-	$	20	$	-2,393	$	74


					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
	Nine Months Ended September 30, 2014
	Assets:
	Bonds available for sale:
	Obligations of states, municipalities
	and political subdivisions^(b)	$	1,080	$	-1	$	180	$	896	$	-	$	-141	$	2,014	$	-
	Non-U.S. governments		16		-		-1		7		4		-3		23		-
	Corporate debt		1,255		8		31		-140		1,358		-503		2,009		-
	RMBS		14,941		759		211		999		119		-111		16,918		-
	CMBS		5,735		50		201		-43		69		-96		5,916		-
	CDO/ABS		6,974		70		1		1,426		222		-536		8,157		-
	Total bonds available for sale		30,001		886		623		3,145		1,772		-1,390		35,037		-
	Other bond securities:
	RMBS		937		51		-		33		2		-		1,023		9
CMBS		844		14		-		-151		6		-		713		11
CDO/ABS		8,834		926		-		-1,338		1		-354		8,069		341
Total other bond securities		10,615		991		-		-1,456		9		-354		9,805		361
Equity securities available for sale:
Common stock		1		-		1		-		-		-2		-		-
Preferred stock		-		-		-		-		-		-		-		-
Mutual funds		-		-		-		-		1		-		1		-
Total equity securities available for sale		1		-		1		-		1		-2		1		-
Mortgage and other loans receivable		-		-		-		6		-		-		6		-
Other invested assets		5,930		80		139		99		168		-607		5,809		-
Total	$	46,547	$	1,957	$	763	$	1,794	$	1,950	$	-2,353	$	50,658	$	361
Liabilities:
Policyholder contract deposits	$	-312	$	-687	$	-16	$	24	$	-	$	-	$	-991	$	-140
Derivative liabilities, net:
Interest rate contracts		-100		-2		-		33		-		-2		-71		-
Foreign exchange contracts		-		3		-		-10		-		-		-7		4
Equity contracts		49		14		-		-12		48		-53		46		6
Commodity contracts		1		-		-		-		-		-1		-		-
Credit contracts		-1,280		229		-		33		-		-		-1,018		229
Other contracts		-109		49		51		-46		-		-		-55		37
Total derivative liabilities, net		-1,439		293		51		-2		48		-56		-1,105		276
Long-term debt^(c)		-370		13		-		34		-70		96		-297		15
Total	$	-2,121	$	-381	$	35	$	56	$	-22	$	40	$	-2,393	$	151
				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 September 30, 2013
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	945	$	4	$	-28	$	160	$	-	$	-27	$	1,054	$	-
Non-U.S. governments		20		-		-		1		-		-		21		-
Corporate debt		1,634		-3		5		-		39		-233		1,442		-
RMBS		13,694		216		-60		127		167		-58		14,086		-
CMBS		5,455		4		55		102		-		-		5,616		-
CDO/ABS		6,142		37		-47		363		289		-133		6,651		-
Total bonds available for sale		27,890		258		-75		753		495		-451		28,870		-
Other bond securities:
RMBS		782		14		-		-8		27		-		815		13
CMBS		820		33		-		-53		31		-		831		29
CDO/ABS		8,972		243		-		-557		223		-		8,881		217
Total other bond securities		10,574		290		-		-618		281		-		10,527		259
Equity securities available for sale:
Common stock		76		-		-1		-48		-		-		27		-
Preferred stock		48		-		-		-		-		-		48		-
Total equity securities available for sale		124		-		-1		-48		-		-		75		-
Other invested assets		5,639		-25		78		55		1		-		5,748		-
Total	$	44,227	$	523	$	2	$	142	$	777	$	-451	$	45,220	$	259
Liabilities:
Policyholder contract deposits	$	-586	$	250	$	-	$	-51	$	-	$	-	$	-387	$	218
Derivative liabilities, net:
Interest rate contracts		779		6		-		-912		-		-		-127		3
Equity contracts		70		12		-		-1		1		-		82		10
Commodity contracts		1		-		-		-		-		-		1		-
Credit contracts		-1,594		52		-		36		-		-		-1,506		91
Other contracts		-105		16		-25		-16		-1		-		-131		8
Total derivatives liabilities, net		-849		86		-25		-893		-		-		-1,681		112
Long-term debt^(c)		-419		-25		-		1		-		-		-443		-19
Total	$	-1,854	$	311	$	-25	$	-943	$	-	$	-	$	-2,511	$	311










				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
Nine Months Ended September 30, 2013
Assets:
Bonds available for sale:
Obligations of states, municipalities
and political subdivisions	$	1,024	$	29	$	-178	$	365	$	-	$	-186	$	1,054	$	-
Non-U.S. governments		14		-		-		7		1		-1		21		-
Corporate debt		1,487		-7		-9		30		371		-430		1,442		-
RMBS		11,662		624		279		1,393		186		-58		14,086		-
CMBS		5,124		15		75		290		161		-49		5,616		-
CDO/ABS		4,841		134		-47		1,383		668		-328		6,651		-
Total bonds available for sale		24,152		795		120		3,468		1,387		-1,052		28,870		-
Other bond securities:
RMBS		396		24		-		130		265		-		815		-27
CMBS		812		44		-		-193		282		-114		831		-13
CDO/ABS		8,536		1,096		-		-1,566		843		-28		8,881		434
Total other bond securities		9,744		1,164		-		-1,629		1,390		-142		10,527		394
Equity securities available for sale:
Common stock		24		-		4		-1		-		-		27		-
Preferred stock		44		-		4		-		-		-		48		-
Total equity securities available for sale		68		-		8		-1		-		-		75		-
Other invested assets		5,389		144		88		95		345		-313		5,748		-
Total	$	39,353	$	2,103	$	216	$	1,933	$	3,122	$	-1,507	$	45,220	$	394
Liabilities:
Policyholder contract deposits	$	-1,257	$	865	$	-	$	5	$	-	$	-	$	-387	$	825
Derivative liabilities, net:
Interest rate contracts		732		20		-		-879		-		-		-127		33
Equity contracts		47		49		-		-14		-		-		82		40
Commodity contracts		1		-		-		-1		-		1		1		-1
Credit contracts		-1,991		365		-		120		-		-		-1,506		486
Other contracts		-162		35		-16		13		-1		-		-131		8
Total derivatives liabilities, net		-1,373		469		-16		-761		-1		1		-1,681		566
Long-term debt^(c)		-344		-120		-		23		-2		-		-443		-41
Total	$	-2,974	$	1,214	$	-16	$	-733	$	-3	$	1	$	-2,511	$	1,350
(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 September 30, 2014
	Bonds available for sale	$	320	$	-22	$	12	$	310
	Other bond securities		-3		-		236		233
	Equity securities available for sale		-		-		-		-
	Other invested assets		18		-20		-5		-7
	Policyholder contract deposits		-		-155		-		-155
	Derivative liabilities, net		18		-1		74		91
	Long-term debt		-		-		21		21
	Three Months Ended September 30, 2013
	Bonds available for sale	$	264	$	-21	$	15	$	258
	Other bond securities		86		7		197		290
	Equity securities available for sale		-		-		-		-
	Other invested assets		-12		-5		-8		-25
	Policyholder contract deposits		-		250		-		250
	Derivative liabilities, net		11		8		67		86
	Long-term debt		-		-		-25		-25
	Nine Months Ended September 30, 2014
	Bonds available for sale	$	922	$	-73	$	37	$	886
	Other bond securities		97		2		892		991
	Equity securities available for sale		-		-		-		-
	Other invested assets		107		-33		6		80
	Policyholder contract deposits		-		-687		-		-687
	Derivative liabilities, net		49		4		240		293
	Long-term debt		-		-		13		13
	Nine Months Ended September 30, 2013
	Bonds available for sale	$	713	$	-8	$	90	$	795
	Other bond securities		114		8		1,042		1,164
	Equity securities available for sale		-		-		-		-
	Other invested assets		142		-34		36		144
	Policyholder contract deposits		-		865		-		865
	Derivative liabilities, net		26		25		418		469
	Long-term debt		-		-		-120		-120
Gross components of purchases, sales, issuances and settlements, net	'
										Purchases,
										Sales, Issues and
		(in millions)		Purchases		Sales		Settlements		Settlements, Net^(a)
		Three Months Ended September 30, 2014
		Assets:
		Bonds available for sale:
		Obligations of states, municipalities and political subdivisions	$	66	$	-3	$	-20	$	43
		Non-U.S. governments		1		-		-		1
		Corporate debt		22		-		-95		-73
		RMBS		1,062		-62		-625		375
		CMBS		276		-167		-95		14
		CDO/ABS		1,085		-68		-325		692
		Total bonds available for sale		2,512		-300		-1,160		1,052
		Other bond securities:
		RMBS		-		-3		-36		-39
		CMBS		-		-9		-11		-20
		CDO/ABS		6		-4		-453		-451
		Total other bond securities		6		-16		-500		-510
		Equity securities available for sale		-		-		-		-
		Other invested assets		276		-		-211		65
		Total assets	$	2,794	$	-316	$	-1,871	$	607
		Liabilities:
		Policyholder contract deposits	$	-	$	-36	$	34	$	-2
		Derivative liabilities, net		-		-2		-21		-23
		Long-term debt^(c)		-		-		1		1
		Total liabilities	$	-	$	-38	$	14	$	-24
		Three Months Ended September 30, 2013
		Assets:
		Bonds available for sale:
		Obligations of states, municipalities and political subdivisions	$	194	$	-34	$	-	$	160
		Non-U.S. governments		1		-		-		1
		Corporate debt		146		-		-146		-
		RMBS		750		-		-623		127
		CMBS		179		-3		-74		102
		CDO/ABS		628		-		-265		363
		Total bonds available for sale		1,898		-37		-1,108		753
		Other bond securities:
		RMBS		31		-12		-27		-8
		CMBS		-		-9		-44		-53
		CDO/ABS		-		-66		-491		-557
		Total other bond securities		31		-87		-562		-618
		Equity securities available for sale		-		-		-48		-48
		Other invested assets		249		-3		-191		55
		Total assets	$	2,178	$	-127	$	-1,909	$	142
		Liabilities:
		Policyholder contract deposits	$	-	$	-4	$	-47	$	-51
		Derivative liabilities, net		4		-		-897		-893
		Long-term debt^(c)		-		-		1		1
		Total liabilities	$	4	$	-4	$	-943	$	-943
										Purchases,
										Sales, Issues and
		(in millions)		Purchases		Sales		Settlements		Settlements, Net^(a)
		Nine Months Ended September 30, 2014
		Assets:
		Bonds available for sale:
		Obligations of states, municipalities and political subdivisions^(b)	$	1,002	$	-35	$	-71	$	896
		Non-U.S. governments		8		-		-1		7
		Corporate debt		141		-8		-273		-140
		RMBS		2,814		-88		-1,727		999
		CMBS		368		-224		-187		-43
		CDO/ABS		2,307		-70		-811		1,426
		Total bonds available for sale		6,640		-425		-3,070		3,145
		Other bond securities:
	RMBS		162		-22		-107		33
	CMBS		-		-15		-136		-151
	CDO/ABS		50		-19		-1,369		-1,338
	Total other bond securities		212		-56		-1,612		-1,456
	Equity securities available for sale		-		-		-		-
	Mortgage and other loans receivable		6		-		-		6
	Other invested assets		709		-1		-609		99
	Total assets	$	7,567	$	-482	$	-5,291	$	1,794
	Liabilities:
	Policyholder contract deposits	$	-	$	-94	$	118	$	24
	Derivative liabilities, net		1		-2		-1		-2
	Long-term debt^(c)		-		-		34		34
	Total liabilities	$	1	$	-96	$	151	$	56
	Nine Months Ended September 30, 2013
	Assets:
	Bonds available for sale:
	Obligations of states, municipalities and political subdivisions	$	502	$	-137	$	-	$	365
	Non-U.S. governments		9		-		-2		7
	Corporate debt		454		-114		-310		30
	RMBS		3,462		-231		-1,838		1,393
	CMBS		872		-167		-415		290
	CDO/ABS		2,099		-159		-557		1,383
	Total bonds available for sale		7,398		-808		-3,122		3,468
	Other bond securities:
	RMBS		244		-12		-102		130
	CMBS		19		-67		-145		-193
	CDO/ABS		318		-66		-1,818		-1,566
	Total other bond securities		581		-145		-2,065		-1,629
	Equity securities available for sale		58		-11		-48		-1
	Other invested assets		697		-49		-553		95
	Total assets	$	8,734	$	-1,013	$	-5,788	$	1,933
	Liabilities:
	Policyholder contract deposits	$	-	$	-16	$	21	$	5
	Derivative liabilities, net		9		-1		-769		-761
	Long-term debt^(c)		-		-		23		23
	Total liabilities	$	9	$	-17	$	-725	$	-733
(a) There were no issuances during the three- and nine-month periods ended September 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
			September 30,		Valuation		Range
	(in millions)		2014		Technique	Unobservable Input	(Weighted Average )
	Assets:

	Obligations of states,		$	1,141	Discounted cash flow	Yield^(b)	4.15% - 4.93% (4.54%)
	municipalities and
	political subdivisions

	Corporate debt			1,217	Discounted cash flow	Yield^(b)	0.00% - 8.57% (6.19%)


	RMBS			17,384	Discounted cash flow	Constant prepayment rate^(a)(c)	0.36% - 9.74% (5.05%)
						Loss severity^(a)(c)	45.61% - 79.52% (62.57%)
						Constant default rate^(a)(c)	3.84% - 10.46% (7.15%)
						Yield^(c)	2.51% - 6.61% (4.56%)

	Certain CDO/ABS			5,321	Discounted cash flow	Constant prepayment rate^(a)(c)	6.40% - 13.40% (9.90%)
						Loss severity^(a)(c)	43.80% - 59.90% (52.00%)
						Constant default rate^(a)(c)	2.60% - 14.90% (8.00%)
						Yield^(c)	4.70% - 10.30% (7.70%)

	CMBS			6,048	Discounted cash flow	Yield^(b)	0.00% - 13.01% (4.50%)

	CDO/ABS - Direct				Binomial Expansion	Recovery rate^(b)	7.00% - 58.00% (26.00%)
	Investment book			425	Technique (BET)	Diversity score^(b)	6 - 23 (14)
						Weighted average life^(b)	0.25 - 10.32 years (4.09 years)
	Liabilities:

	Policyholder contract
	deposits			991	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)	0.10% - 35.00%
						Utilization rate^(b)	0.50% - 30.00%

	Total derivative
	liabilities, net			813	BET	Recovery rate^(b)	5.00% - 32.00% (17.00%)
						Diversity score^(b)	9 - 27 (14)
						Weighted average life^(b)	2.69 - 10.32 years (4.67 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-Sep-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	$	2,496	$	474		$	2,544	$	578

	Real Estate / Infrastructure	Investments in real estate properties and infrastructure positions, including power plants and other energy generating facilities		427		209			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		136		10			140		13

	Distressed	Securities of companies that are in default, under bankruptcy protection, or troubled		174		44			183		34

	Other	Includes multi-strategy and mezzanine strategies		194		213			134		238
	Total private equity funds			3,427		950			3,347		949
	Hedge funds:
	Event-driven	Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations		1,188		2			976		2

	Long-short	Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk		2,096		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		486		-			612		-

	Distressed	Securities of companies that are in default, under bankruptcy protection or troubled		659		5			594		15

	Emerging markets	Investments in the financial markets of developing countries		302		-			287		-

	Other	Includes multi-strategy and relative value strategies		238		-			157		-
	Total hedge funds			4,969		11			4,385		28
	Total		$	8,396	$	961		$	7,732	$	977
Gains or losses related to the eligible instruments for which AIG elected the fair value option	'
		Gain (Loss) Three Months Ended September 30,				Gain (Loss) Nine Months Ended September 30,
		Gain (Loss) Three Months Ended September 30,				Gain (Loss) Nine Months Ended September 30,
	(in millions)		2014		2013		2014		2013
	Assets:
	Mortgage and other loans receivable	$	-	$	1	$	-	$	3
	Bond and equity securities		252		331		1,529		963
	Alternative Investments^(a)		73		23		245		229
	Other, including Short-term investments		2		3		7		8
	Liabilities:
	Long-term debt^(b)		23		-51		-186		271
	Other liabilities		-4		-4		-10		-10
	Total gain	$	346	$	303	$	1,585	$	1,464
	(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-Sep-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^*	$	5,667	$	4,344	$	1,323		$	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 September 30,					Nine Months Ended September 30,
	(in millions)	Level 1		Level 2		Level 3			Total			2014		2013			2014		2013
	30-Sep-14
	Other investments	$	-	$	-	$	766	$	766		$	62	$	9		$	117	$	82
	Investments in life settlements		-		-		473		473			52		61			139		139
	Other assets		-		-		1		1			1		2			2		26
	Total	$	-	$	-	$	1,240	$	1,240		$	115	$	72		$	258	$	247
	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-Sep-14
	Assets:
	Mortgage and other loans receivable	$	-	$	217	$	24,468	$	24,685	$	23,391
	Other invested assets		-		626		2,839		3,465		4,357
	Short-term investments		-		13,661		-		13,661		13,661
	Cash		1,933		-		-		1,933		1,933
	Liabilities:
	Policyholder contract deposits associated
	with investment-type contracts		-		226		117,983		118,209		105,258
	Other liabilities		-		3,993		-		3,993		3,993
	Long-term debt		-		30,880		3,689		34,569		30,556
	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)	9 Months Ended
INVESTMENTS (Tables)	Sep. 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-Sep-14
	Bonds available for sale:
	U.S. government and government sponsored entities	$	2,638	$	180	$	-20	$	2,798	$	-
	Obligations of states, municipalities and political subdivisions		26,699		1,557		-84		28,172		-11
	Non-U.S. governments		21,889		955		-182		22,662		-
	Corporate debt		139,166		10,222		-1,060		148,328		73
	Mortgage-backed, asset-backed and collateralized:
	RMBS		35,511		3,507		-314		38,704		1,862
	CMBS		11,959		694		-111		12,542		218
	CDO/ABS		12,058		637		-115		12,580		50
	Total mortgage-backed, asset-backed and collateralized		59,528		4,838		-540		63,826		2,130
	Total bonds available for sale^(b)		249,920		17,752		-1,886		265,786		2,192
	Equity securities available for sale:
	Common stock		1,323		2,268		-19		3,572		-
	Preferred stock		24		5		-		29		-
	Mutual funds		719		41		-17		743		-
	Total equity securities available for sale		2,066		2,314		-36		4,344		-
	Total	$	251,986	$	20,066	$	-1,922	$	270,130	$	2,192
	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 September 30, 2014 and December 31, 2013, bonds available for sale held by us that were below investment grade or not rated totaled $35.0 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-Sep-14
	Bonds available for sale:
	U.S. government and government sponsored entities	$	491	$	5		$	303	$	15		$	794	$	20
	Obligations of states, municipalities and political
	subdivisions		924		20			1,183		64			2,107		84
	Non-U.S. governments		2,074		34			2,213		148			4,287		182
	Corporate debt		14,653		239			14,521		821			29,174		1,060
	RMBS		3,849		72			4,432		242			8,281		314
	CMBS		956		6			2,483		105			3,439		111
	CDO/ABS		2,937		33			1,770		82			4,707		115
	Total bonds available for sale		25,884		409			26,905		1,477			52,789		1,886
	Equity securities available for sale:
	Common stock		116		13			7		6			123		19
	Preferred stock		5		-			-		-			5		-
	Mutual funds		282		12			70		5			352		17
	Total equity securities available for sale		403		25			77		11			480		36
	Total	$	26,287	$	434		$	26,982	$	1,488		$	53,269	$	1,922
	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-Sep-14	Available for Sale					Position Available for Sale
	(in millions)		Amortized Cost		Fair Value			Amortized Cost		Fair Value
	Due in one year or less	$	10,843	$	11,017		$	857	$	846
	Due after one year through five years		50,274		52,949			7,038		6,926
	Due after five years through ten years		65,793		69,252			14,788		14,353
	Due after ten years		63,482		68,742			15,025		14,237
	Mortgage-backed, asset-backed and collateralized		59,528		63,826			16,967		16,427
	Total	$	249,920	$	265,786		$	54,675	$	52,789
The gross realized gains and gross realized losses from sales of AIG's available for sale securities	'
		Three Months Ended September 30,								Nine Months Ended September 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	$	118	$	21	$	516	$	26	$	528	$	65		$	2,216	$	153
	Equity securities		33		4		18		6		102		10			101		15
	Total	$	151	$	25	$	534	$	32	$	630	$	75		$	2,317	$	168
The fair value of AIG's other securities	'
			30-Sep-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	$	5,258	25	%		$	5,723	24	%
	Obligations of states, municipalities and political subdivisions		122	1				121	1
	Non-U.S. governments		2	-				2	-
	Corporate debt		948	4				1,169	5
	Mortgage-backed, asset-backed and collateralized:
	RMBS		2,166	10				2,263	10
	CMBS		1,220	6				1,353	6
	CDO/ABS and other collateralized^*		10,665	50				11,985	51
	Total mortgage-backed, asset-backed and collateralized		14,051	66				15,601	67
	Other		-	-				7	-
	Total fixed maturity securities		20,381	96				22,623	97
	Equity securities		766	4				834	3
	Total	$	21,147	100	%		$	23,457	100	%
	* Includes $0.9 billion and $1.0 billion of U.S. Government agency backed ABS at September 30, 2014 and December 31, 2013, respectively.
Components of net investment income	'
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
	(in millions)		2014		2013			2014		2013
	Fixed maturity securities, including short-term investments	$	3,022	$	3,005		$	9,264	$	8,969
	Equity securities		135		98			67		123
	Interest on mortgage and other loans		318		292			947		862
	Alternative investments^*		636		288			2,108		1,892
	Real estate		25		32			86		99
	Other investments		25		-22			34		59
	Total investment income		4,161		3,693			12,506		12,004
	Investment expenses		133		120			398		423
	Net investment income	$	4,028	$	3,573		$	12,108	$	11,581
	* 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					Nine Months Ended
		September 30,					September 30,
	(in millions)		2014		2013			2014		2013
	Sales of fixed maturity securities	$	97	$	490		$	463	$	2,063
	Sales of equity securities		29		12			92		86
	Other-than-temporary impairments:
	Severity		-		-			-		-5
	Change in intent		-14		-1			-20		-4
	Foreign currency declines		-3		-			-13		-
	Issuer-specific credit events		-31		-51			-124		-130
	Adverse projected cash flows		-2		-			-7		-7
	Provision for loan losses		-11		-33			9		-38
	Foreign exchange transactions		350		-276			329		135
	Derivative instruments		36		192			-302		209
	Impairments on investments in life settlements		-52		-61			-139		-139
	Other		71		-20			70		-27
	Net realized capital gains	$	470	$	252		$	358	$	2,143
Schedule of increase (decrease) in unrealized appreciation (depreciation) of available for sale securities and other investements	'
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
	(in millions)		2014		2013			2014		2013
	Increase (decrease) in unrealized appreciation (depreciation) of investments:
	Fixed maturity securities	$	-1,515	$	-1,696		$	6,123	$	-12,971
	Equity securities		303		189			348		180
	Other investments		94		50			127		57
	Total Increase (decrease) in unrealized appreciation (depreciation) of investments^*	$	-1,118	$	-1,457		$	6,598	$	-12,734
	* 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					Nine Months Ended
		September 30,					September 30,
	(in millions)		2014		2013			2014		2013
	Balance, beginning of period	$	3,166	$	4,236		$	3,872	$	5,164
	Increases due to:
	Credit impairments on new securities subject to impairment losses		13		6			35		33
	Additional credit impairments on previously impaired securities		5		29			59		59
	Reductions due to:
	Credit impaired securities fully disposed for which there was no
	prior intent or requirement to sell		-116		-68			-528		-626
	Accretion on securities previously impaired due to credit^*		-183		-184			-544		-611
	Other		-		-			-9		-
	Balance, end of period	$	2,885	$	4,019		$	2,885	$	4,019
	* 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	'
	* Represents undiscounted expected cash flows, including both principal and interest.
	(in millions)	At Date of Acquisition
	Contractually required payments (principal and interest)	$	29,851
	Cash flows expected to be collected^*		23,983
	Recorded investment in acquired securities		15,896
Schedule of Purchased Credit Impaired (PCI) Securities, at reporting date	'
	(in millions)	30-Sep-14		31-Dec-13
	Outstanding principal balance	$	16,883	$	14,741
	Amortized cost		12,097		10,110
	Fair value		13,489		11,338
Activity for accretable yield on Purchased Credit Impaired (PCI) Securities	'
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
	(in millions)		2014		2013		2014		2013
	Balance, beginning of period	$	7,042	$	5,901	$	6,940	$	4,766
	Newly purchased PCI securities		358		202		1,127		1,308
	Disposals		-		-		-		-60
	Accretion		-223		-187		-654		-517
	Effect of changes in interest rate indices		-96		282		-327		388
	Net reclassification from non-accretable difference,
	including effects of prepayments		30		405		25		718
	Balance, end of period	$	7,111	$	6,603	$	7,111	$	6,603
Schedule of fair value of securities pledged to counterparties under secured financing transactions	'
	(in millions)		30-Sep-14		31-Dec-13
	Securities available for sale	$	2,860	$	3,837
	Other securities		2,187		2,766
Schedule of fair value of securities pledged to the entity under reverse repurchase agreements	'
	(in millions)		30-Sep-14		31-Dec-13
	Securities collateral pledged to us	$	7,347	$	8,878
	Amount sold or repledged by us		106		71

LENDING_ACTIVITIES_Tables

LENDING ACTIVITIES (Tables)	9 Months Ended
LENDING ACTIVITIES (Tables)	Sep. 30, 2014
LENDING ACTIVITIES	'
Composition of Mortgages and other loans receivable	'
		September 30,			December 31,
	(in millions)		2014		2013
	Commercial mortgages^*	$	17,841	$	16,195
	Life insurance policy loans		2,756		2,830
	Commercial loans, other loans and notes receivable		3,084		2,052
	Total mortgage and other loans receivable		23,681		21,077
	Allowance for losses		-284		-312
	Mortgage and other loans receivable, net	$	23,397	$	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 14 percent and 16 percent, respectively, at September 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-Sep-14
	Credit Quality Indicator:
	In good standing	973		$	3,231	$	5,390	$	3,868	$	1,718	$	1,469	$	1,784	$	17,460	98	%
	Restructured^(a)	8			4		285		16		-		-		22		327	2
	90 days or less delinquent	1			-		14		-		-		-		-		14	-
	>90 days delinquent or in
	process of foreclosure	3			40		-		-		-		-		-		40	-
	Total^(b)	985		$	3,275	$	5,689	$	3,884	$	1,718	$	1,469	$	1,806	$	17,841	100	%
	Valuation allowance			$	9	$	96	$	14	$	20	$	6	$	30	$	175	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) Over 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
	Nine Months Ended September 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								-10		-13		-23			-5		-37		-42
	Recoveries of loans previously charged off								-		16		16			3		6		9
	Net charge-offs								-10		3		-7			-2		-31		-33
	Provision for loan losses								-16		-6		-22			47		-16		31
	Other								-		1		1			-1		-4		-5
	Allowance, end of period							$	175^*	$	109	$	284		$	203^*	$	195	$	398
	* Of the total allowance at the end of the period, $86 million and $102 million relates to individually assessed credit losses on $246 million and $267 million of commercial mortgage loans at September 30, 2014 and 2013, respectively.

VARIABLE_INTEREST_ENTITIES_Tab

VARIABLE INTEREST ENTITIES (Tables)	9 Months Ended
VARIABLE INTEREST ENTITIES (Tables)	Sep. 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-Sep-14
	Assets:
	Bonds available for sale	$	-	$	11,320	$	-	$	-	$	41	$	11,361
	Other bond securities		-		7,375		662		-		44		8,081
	Mortgage and other loans receivable		-		2,460		-		-		168		2,628
	Other invested assets		586		-		-		1,725		705		3,016
	Other ^(a)		41		697		90		46		561		1,435
	Total assets^(b)(c)	$	627	$	21,852	$	752	$	1,771	$	1,519	$	26,521
	Liabilities:
	Long-term debt	$	69	$	1,371	$	91	$	184	$	73	$	1,788
	Other ^(d)		32		91		-		88		201		412
	Total liabilities	$	101	$	1,462	$	91	$	272	$	274	$	2,200
	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 September 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 September 30, 2014 and December 31, 2013, includes approximately $21.7 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 September 30, 2014 and December 31, 2013.
	(e) At September 30, 2014 and December 31, 2013, off-balance sheet exposure, primarily consisting of commitments to real estate and investment funds, was $60.2 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-Sep-14
	Real estate and investment funds	$	20,228		$	2,741	$	421	$	3,162
	Affordable housing partnerships		438			438		-		438
	Other		615			31		-		31
	Total	$	21,281		$	3,210	$	421	$	3,631
	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 September 30, 2014 and December 31, 2013, $3.2 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)	9 Months Ended
DERIVATIVES AND HEDGE ACCOUNTING (Tables)	Sep. 30, 2014
DERIVATIVES AND HEDGE ACCOUNTING	'
Notional amounts and fair values of derivative instruments	'
		30-Sep-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		327		12		1,645		164		-		-		1,857		190
	Equity contracts		99		1		8		1		-		-		-		-
	Derivatives not designated
	as hedging instruments:
	Interest rate contracts		47,090		2,823		37,613		2,783		50,897		3,771		59,585		3,849
	Foreign exchange contracts		13,965		1,052		9,456		1,339		1,774		52		3,789		129
	Equity contracts^(b)		8,373		220		38,420		1,113		29,296		413		9,840		524
	Commodity contracts		15		-		12		5		17		1		13		5
	Credit contracts		30		20		5,688		1,038		70		55		15,459		1,335
	Other contracts^(c)		35,169		34		636		89		32,440		34		1,408		167
	Total derivatives not
	designated as hedging
	instruments		104,642		4,149		91,825		6,367		114,494		4,326		90,094		6,009
	Total derivatives, gross	$	105,068	$	4,162	$	93,503	$	6,533	$	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 September 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 $35.6 billion and $1.0 billion, respectively, at September 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-Sep-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	$	30,619	$	2,331	$	28,650	$	3,020	$	41,942	$	2,567	$	52,679	$	3,506
	AIG Markets		25,142		1,308		20,959		1,798		12,531		964		23,716		1,506
	Total Global Capital Markets derivatives		55,761		3,639		49,609		4,818		54,473		3,531		76,395		5,012
	Non-Global Capital Markets derivatives^(a)		49,307		523		43,894		1,715		60,021		795		15,668		1,202
	Total derivatives, gross	$	105,068		4,162	$	93,503		6,533	$	114,494		4,326	$	92,063		6,214
	Counterparty netting^(b)				-1,769				-1,769				-1,734				-1,734
	Cash collateral^(c)				-805				-1,186				-820				-1,484
	Total derivatives, net				1,588				3,578				1,772				2,996
	Less: Bifurcated embedded derivatives				-				1,076				107				485
	Total derivatives on consolidated
	balance sheet			$	1,588			$	2,502			$	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				Nine Months Ended
			September 30,			September 30,
	(in millions)		2014		2013		2014		2013
	Interest rate contracts:
	Gain recognized in earnings on derivatives^(a)	$	-	$	2	$	2	$	2
	Gain recognized in earnings on hedged items^(b)		10		17		85		70
	Foreign exchange contracts:^(c)
	Loss recognized in earnings on derivatives^(d)		-76		-21		-20		-61
	Gain recognized in earnings on hedged items^(e)		97		19		37		66
	Gain (loss) recognized in earnings for amounts excluded from effectiveness testing		9		-2		-3		5
	Equity contracts:^(f)
	Gain (loss) recognized in earnings on derivatives		4		-		-10		-
	Gain (loss) recognized in earnings on hedged items		-6		-		8		-
	Gain (loss) recognized in earnings for amounts excluded from effectiveness testing		-2		-		-2		-
	(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 nine-month period ended September 30, 2014.
	(b) Includes gains of $10 million and $17 million for the three-month periods ended September 30, 2014 and 2013, respectively, and $37 million and $72 million for the nine-month periods ended September 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 nine-month period ended September 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 nine-month periods ended September 30, 2014. All other gains and losses are recorded in Net realized capital gains (losses).
	(e) Includes gains of $14 million and $22 million for the three- and nine-month periods ended September 30, 2014, 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 losses of $2 million and $3 million for the three- and nine-month periods ended September 30, 2014, respectively, in Interest credited to policyholder account balances. 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				Nine Months Ended
		September 30,				September 30,
	(in millions)		2014		2013		2014		2013
	By Derivative Type:
	Interest rate contracts	$	222	$	35	$	409	$	-250
	Foreign exchange contracts		253		-83		276		64
	Equity contracts^*		-151		158		-562		670
	Commodity contracts		-2		-1		-1		-3
	Credit contracts		75		52		229		365
	Other contracts		44		14		83		74
	Total	$	441	$	175	$	434	$	920
	By Classification:
	Policy fees	$	74	$	56	$	210	$	149
	Net investment income		43		-7		69		22
	Net realized capital gains (losses)		13		200		-302		200
	Other income (losses)		309		-71		447		560
	Policyholder benefits and claims incurred		2		-3		10		-11
	Total	$	441	$	175	$	434	$	920
	* Includes embedded derivative losses of $64 million and $406 million for the three- and nine-month periods ended September 30, 2014, respectively, and embedded derivative gains of $266 million and $1.0 billion for the three- and nine-month periods ended September 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
		September 30,			December 31,	September 30,			December 31,	Three Months Ended September 30,				Nine Months Ended September 30,
	(in millions)		2014		2013		2014		2013		2014		2013		2014		2013
	Arbitrage:
	Multi-sector CDOs^(a)		2,769		3,257		989		1,249		63		49		201		330
	Corporate debt/CLOs^(b)(c)		2,715		11,832		6		28		12		5		22		26
	Total	$	5,484	$	15,089	$	995	$	1,277	$	75	$	54	$	223	$	356
	(a) During the nine-month period ended September 30, 2014, we paid $59 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 $899 million and $1.1 billion at September 30, 2014 and December 31, 2013, respectively.
	(b) Corporate debt/Collateralized Loan Obligations (CLOs) include $790 million and $1.0 billion in net notional amount of credit default swaps written on the super senior tranches of CLOs at September 30, 2014 and December 31, 2013, respectively. Collateral postings with regards to Corporate debt/CLOs were $182 million and $353 million at September 30, 2014 and December 31, 2013, respectively.
	(c) On July 17, 2014, GCM terminated Corporate Debt Super Senior CDSs with a notional amount of $8.8 billion.

EQUITY_Tables

EQUITY (Tables)	9 Months Ended
EQUITY (Tables)	Sep. 30, 2014
EQUITY	'
Rollforward of common stock outstanding	'
		Common	Treasury	Common Stock
		Stock Issued	Stock	Outstanding
	Nine Months Ended September 30, 2014
	Shares, beginning of year	1,906,645,689	-442,582,366	1,464,063,323
	Shares issued	25,803	1,143	26,946
	Shares repurchased	-	-60,317,318	-60,317,318
	Shares, end of period	1,906,671,492	-502,898,541	1,403,772,951
Accumulated Other Comprehensive Income (Loss)	'
			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
	Balance, December 31, 2013, net of tax	$	936	$	6,789	$	-952	$	-413	$	6,360
	Change in unrealized appreciation of investments		268		6,330		-		-		6,598
	Change in deferred acquisition costs adjustment and other		61		-433		-		-		-372
	Change in future policy benefits		-114		-781		-		-		-895
	Change in foreign currency translation adjustments		-		-		-149		-		-149
	Net actuarial gain		-		-		-		40		40
	Prior service cost		-		-		-		-36		-36
	Change in deferred tax asset (liability)		-41		-144		-40		9		-216
	Total other comprehensive income (loss)		174		4,972		-189		13		4,970
	Noncontrolling interests		-		-1		-		-		-1
	Balance, September 30, 2014, net of tax	$	1,110	$	11,762	$	-1,141	$	-400	$	11,331

	Balance, December 31, 2012, net of tax	$	575	$	13,446	$	-403	$	-1,044	$	12,574
	Change in unrealized appreciation (depreciation) of investments		314		-13,048		-		-		-12,734
	Change in deferred acquisition costs adjustment and other		-108		939		-		-		831
	Change in future policy benefits		80		2,727		-		-		2,807
	Change in foreign currency translation adjustments		-		-		-709		-		-709
	Net actuarial gain		-		-		-		94		94
	Prior service cost		-		-		-		-39		-39
	Change in deferred tax asset (liability)		-114		3,714		82		-20		3,662
	Total other comprehensive income (loss)		172		-5,668		-627		35		-6,088
	Noncontrolling interests		-		-16		-7		-		-23
	Balance, September 30, 2013, net of tax	$	747	$	7,794	$	-1,023	$	-1,009	$	6,509
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 September 30, 2014
	Unrealized change arising during period	$	132	$	-575	$	-120	$	-8	$	-571
	Less: Reclassification adjustments
	included in net income		9		12		-		1		22
	Total other comprehensive income (loss),
	before income tax expense (benefit)		123		-587		-120		-9		-593
	Less: Income tax expense (benefit)		64		-419		-42		-15		-412
	Total other comprehensive income (loss),
	net of income tax expense (benefit)	$	59	$	-168	$	-78	$	6	$	-181
	Three Months Ended September 30, 2013
	Unrealized change arising during period	$	-30	$	-652	$	-143	$	-44	$	-869
	Less: Reclassification adjustments
	included in net income		1		219		-		-22		198
	Total other comprehensive loss,
	before income tax benefit		-31		-871		-143		-22		-1,067
	Less: Income tax expense (benefit)		-8		-437		-94		4		-535
	Total other comprehensive loss,
	net of income tax expense (benefit)	$	-23	$	-434	$	-49	$	-26	$	-532
	Nine Months Ended September 30, 2014
	Unrealized change arising during period	$	242	$	5,522	$	-149	$	3	$	5,618
	Less: Reclassification adjustments
	included in net income		27		406		-		-1		432
	Total other comprehensive income (loss),
	before income tax expense (benefit)		215		5,116		-149		4		5,186
	Less: Income tax expense (benefit)		41		144		40		-9		216
	Total other comprehensive income (loss),
	net of income tax expense (benefit)	$	174	$	4,972	$	-189	$	13	$	4,970
	Nine Months Ended September 30, 2013
	Unrealized change arising during period	$	342	$	-8,784	$	-709	$	-18	$	-9,169
	Less: Reclassification adjustments
	included in net income		56		598		-		-73		581
	Total other comprehensive income (loss),
	before income tax expense (benefit)		286		-9,382		-709		55		-9,750
	Less: Income tax expense (benefit)		114		-3,714		-82		20		-3,662
	Total other comprehensive income (loss),
	net of income tax expense (benefit)	$	172	$	-5,668	$	-627	$	35	$	-6,088
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 September 30,
	(in millions)		2014		2013
	Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized

	Investments		$	9	$	1			Other realized capital gains
	Total			9		1			-
	Unrealized appreciation (depreciation) of all other investments
	Investments			117		501			Other realized capital gains
	Deferred acquisition costs adjustment			-40		-39			Amortization of deferred acquisition costs
	Future policy benefits			-65		-243			Policyholder benefits and claims incurred
	Total			12		219
	Change in retirement plan liabilities adjustment
	Prior-service costs			11		13			*
	Actuarial gains/(losses)			-10		-35			*
	Total			1		-22
	Total reclassifications for the period		$	22	$	198
		Amount Reclassified from Accumulated Other Comprehensive Income						Affected Line Item in the Consolidated Statements of Income

		Nine Months Ended September 30,
	(in millions)		2014		2013
	Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized

	Investments		$	27	$	56			Other realized capital gains
	Total			27		56
	Unrealized appreciation (depreciation) of all other investments
	Investments			528		2,093			Other realized capital gains
	Deferred acquisition costs adjustment			-35		-33			Amortization of deferred acquisition costs
	Future policy benefits			-87		-1,462			Policyholder benefits and claims incurred
	Total			406		598
	Change in retirement plan liabilities adjustment
	Prior-service costs			35		35			*
	Actuarial gains/(losses)			-36		-108			*
	Total			-1		-73			-
	Total reclassifications for the period		$	432	$	581			-
	* 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)	9 Months Ended
NONCONTROLLING INTERESTS (Tables)	Sep. 30, 2014
NONCONTROLLING INTERESTS	'
Rollforward of noncontrolling interests	'
			Redeemable		Non-redeemable
			Noncontrolling		Noncontrolling
	(in millions)		Interests		Interests
	Nine Months Ended September 30, 2014
	Balance, beginning of year	$	30	$	611
	Contributions from noncontrolling interests		1		13
	Distributions to noncontrolling interests		-		-78
	Deconsolidation		-31		-123
	Comprehensive income (loss):
	Net income (loss)		-		-25
	Unrealized losses on investments		-		-1
	Total other comprehensive
	income (loss), net of tax		-		-1
	Total comprehensive income (loss)		-		-26
	Other		-		5
	Balance, end of period	$	-	$	402
	Nine Months Ended September 30, 2013
	Balance, beginning of year	$	334	$	667
	Contributions from noncontrolling interests		48		25
	Distributions to noncontrolling interests		-153		-37
	Consolidation (deconsolidation)		-146		1
	Comprehensive income (loss):
	Net income		-		12
	Unrealized losses on investments		-15		-
	Foreign currency translation adjustments		-2		-6
	Total other comprehensive
	loss, net of tax		-17		-6
	Total comprehensive income (loss)		-17		6
	Other		-		-6
	Balance, end of period	$	66	$	656

EARNINGS_PER_SHARE_EPS_Tables

EARNINGS PER SHARE (EPS) (Tables)	9 Months Ended
EARNINGS PER SHARE (EPS) (Tables)	Sep. 30, 2014
EARNINGS PER SHARE (EPS)	'
Computation of basic and diluted EPS	'
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
	(dollars in millions, except per share data)		2014		2013		2014		2013
	Numerator for EPS:
	Income from continuing operations	$	2,199	$	2,148	$	6,864	$	7,046
	Less: Net income (loss) from continuing operations attributable to noncontrolling interests		9		-40		-25		12
	Income attributable to AIG common shareholders from continuing operations		2,190		2,188		6,889		7,034
	Income (loss) from discontinued operations, net of income tax expense		2		-18		-15		73
	Net income attributable to AIG common shareholders		2,192		2,170		6,874		7,107
	Denominator for EPS:
	Weighted average shares outstanding - basic		1,419,239,774		1,475,053,126		1,440,148,774		1,476,007,034
	Dilutive shares		22,828,068		10,269,732		19,334,459		5,403,839
	Weighted average shares outstanding - diluted^*		1,442,067,842		1,485,322,858		1,459,483,233		1,481,410,873
	Income per common share attributable to AIG:
	Basic:
	Income from continuing operations	$	1.54	$	1.48	$	4.78	$	4.77
	Income (loss) from discontinued operations	$	-	$	-0.01	$	-0.01	$	0.05
	Net income attributable to AIG	$	1.54	$	1.47	$	4.77	$	4.82
	Diluted:
	Income from continuing operations	$	1.52	$	1.47	$	4.72	$	4.75
	Income (loss) from discontinued operations	$	-	$	-0.01	$	-0.01	$	0.05
	Net income attributable to AIG	$	1.52	$	1.46	$	4.71	$	4.8
	* 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 nine-month periods ended September 30, 2014, and 0.4 million and 51 million for the three- and nine-month periods ended September 30, 2013, respectively, because the effect of including those shares in the calculation would have been anti-dilutive.

EMPLOYEE_BENEFITS_Tables

EMPLOYEE BENEFITS (Tables)	9 Months Ended
EMPLOYEE BENEFITS (Tables)	Sep. 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 September 30, 2014
	Components of net periodic benefit cost:
	Service cost	$	42	$	11	$	53	$	1	$	-	$	1
	Interest cost		57		7		64		2		1		3
	Expected return on assets		-73		-6		-79		-		-		-
	Amortization of prior service (credit) cost		-8		-1		-9		-3		-		-3
	Amortization of net (gain) loss		9		2		11		-		-		-
	Net periodic benefit cost	$	27	$	13	$	40	$	-	$	1	$	1
	Three Months Ended September 30, 2013
	Components of net periodic benefit cost:
	Service cost	$	71	$	12	$	83	$	1	$	1	$	2
	Interest cost		53		7		60		2		-		2
	Expected return on assets		-64		-4		-68		-		-		-
	Amortization of prior service (credit) cost		-8		-1		-9		-3		-		-3
	Amortization of net (gain) loss		40		3		43		-1		-		-1
	Net periodic benefit cost	$	92	$	17	$	109	$	-1	$	1	$	-
	Nine Months Ended September 30, 2014
	Components of net periodic benefit cost:
	Service cost	$	130	$	32	$	162	$	3	$	1	$	4
	Interest cost		171		22		193		7		2		9
	Expected return on assets		-215		-17		-232		-		-		-
	Amortization of prior service (credit) cost		-25		-2		-27		-8		-		-8
	Amortization of net (gain) loss		31		6		37		-		-		-
	Net periodic benefit cost	$	92	$	41	$	133	$	2	$	3	$	5
	Nine Months Ended September 30, 2013
	Components of net periodic benefit cost:
	Service cost	$	159	$	36	$	195	$	4	$	3	$	7
	Interest cost		151		22		173		6		1		7
	Expected return on assets		-193		-14		-207		-		-		-
	Amortization of prior service (credit) cost		-25		-2		-27		-8		-		-8
	Amortization of net (gain) loss		106		9		115		-		-		-
	Net periodic benefit cost	$	198	$	51	$	249	$	2	$	4	$	6

INFORMATION_PROVIDED_IN_CONNEC1

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Tables)	9 Months Ended
	Sep. 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-Sep-14
	Assets:
	Short-term investments	$	9,290	$	-	$	8,930	$	-368	$	17,852
	Other investments^(a)		11,785		-		336,797		-		348,582
	Total investments		21,075		-		345,727		-368		366,434
	Cash		112		9		1,812		-		1,933
	Loans to subsidiaries^(b)		33,081		-		630		-33,711		-
	Investment in consolidated subsidiaries^(b)		67,156		38,647		-		-105,803		-
	Other assets, including deferred income taxes		23,939		725		138,999		-4,840		158,823
	Total assets	$	145,363	$	39,381	$	487,168	$	-144,722	$	527,190
	Liabilities:
	Insurance liabilities	$	-	$	-	$	273,262	$	-	$	273,262
	Long-term debt		25,613		1,132		9,478		-		36,223
	Other liabilities, including intercompany balances^(a)(c)		9,852		708		103,401		-5,239		108,722
	Loans from subsidiaries^(b)		1,317		-		32,475		-33,792		-
	Total liabilities		36,782		1,840		418,616		-39,031		418,207
	Redeemable noncontrolling interests (see Note 12)		-		-		-		-		-
	Total AIG shareholders’ equity		108,581		37,541		68,150		-105,691		108,581
	Non-redeemable noncontrolling interests		-		-		402		-		402
	Total equity		108,581		37,541		68,552		-105,691		108,983
	Total liabilities and equity	$	145,363	$	39,381	$	487,168	$	-144,722	$	527,190


	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 September 30, 2014 and December 31, 2013, includes intercompany tax payable of $3.3 billion and $1.4 billion, respectively, and intercompany derivative liabilities of $302 million and $249 million, respectively, for American International Group, Inc. (As Guarantor) and intercompany tax receivable of $83 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 September 30, 2014
	Revenues:
	Equity in earnings of consolidated subsidiaries^*	$	2,661	$	1,315	$	-	$	-3,976	$	-
	Other income		615		-		16,118		-79		16,654
	Total revenues		3,276		1,315		16,118		-4,055		16,654
	Expenses:
	Interest expense		378		22		62		-32		430
	Loss on extinguishment of debt		682		-		60		-		742
	Other expenses		284		61		12,153		-35		12,463
	Total expenses		1,344		83		12,275		-67		13,635
	Income (loss) from continuing operations before income tax
	expense (benefit)		1,932		1,232		3,843		-3,988		3,019
	Income tax expense (benefit)		-261		-33		1,117		-3		820
	Income (loss) from continuing operations		2,193		1,265		2,726		-3,985		2,199
	Income (loss) from discontinued operations, net of income taxes		-1		-		3		-		2
	Net income (loss)		2,192		1,265		2,729		-3,985		2,201
	Less:
	Net income from continuing operations attributable to
	noncontrolling interests		-		-		9		-		9
	Net income (loss) attributable to AIG	$	2,192	$	1,265	$	2,720	$	-3,985	$	2,192
	Three Months Ended September 30, 2013
	Revenues:
	Equity in earnings of consolidated subsidiaries^*	$	1,992	$	1,368	$	-	$	-3,360	$	-
	Other income		64		1		15,984		-105		15,944
	Total revenues		2,056		1,369		15,984		-3,465		15,944
	Expenses:
	Interest expense		465		29		59		-37		516
	Loss on extinguishment of debt		81		-		-		-		81
	Other expenses		668		3		13,529		-31		14,169
	Total expenses		1,214		32		13,588		-68		14,766

	Income (loss) from continuing operations before income tax
	expense (benefit)		842		1,337		2,396		-3,397		1,178
	Income tax expense (benefit)		-1,328		-13		384		-13		-970
	Income (loss) from continuing operations		2,170		1,350		2,012		-3,384		2,148
	Loss from discontinued operations, net of income taxes		-		-		-18		-		-18
	Net income (loss)		2,170		1,350		1,994		-3,384		2,130
	Less:
	Net loss from continuing operations attributable to
	noncontrolling interests		-		-		-40		-		-40
	Net income (loss) attributable to AIG	$	2,170	$	1,350	$	2,034	$	-3,384	$	2,170


			American
			International						Reclassifications
			Group, Inc.				Other		and		Consolidated
	(in millions)		(As Guarantor)		AIGLH		Subsidiaries		Eliminations		AIG
	Nine Months Ended September 30, 2014
	Revenues:
	Equity in earnings of consolidated subsidiaries^*	$	8,149	$	2,789	$	-	$	-10,938	$	-
	Other income		1,094		-		48,040		-263		48,871
	Total revenues		9,243		2,789		48,040		-11,201		48,871
	Expenses:
	Interest expense		1,210		80		180		-98		1,372
	Loss on extinguishment of debt		987		-		77		-50		1,014
	Other expenses		1,310		79		35,439		-115		36,713
	Total expenses		3,507		159		35,696		-263		39,099
	Income (loss) from continuing operations before income tax
expense (benefit)		5,736		2,630		12,344		-10,938		9,772
Income tax expense (benefit)		-1,137		-54		4,121		-22		2,908
Income (loss) from continuing operations		6,873		2,684		8,223		-10,916		6,864
Income (loss) from discontinued operations, net of income taxes		1		-		-16		-		-15
Net income (loss)		6,874		2,684		8,207		-10,916		6,849
Less:
Net loss from continuing operations attributable to
noncontrolling interests		-		-		-25		-		-25
Net income (loss) attributable to AIG	$	6,874	$	2,684	$	8,232	$	-10,916	$	6,874
Nine Months Ended September 30, 2013
Revenues:
Equity in earnings of consolidated subsidiaries^*	$	6,257	$	2,792	$	-	$	-9,049	$	-
Other income		1,031		1		50,558		-258		51,332
Total revenues		7,288		2,793		50,558		-9,307		51,332
Expenses:
Interest expense		1,475		97		177		-121		1,628
Loss on extinguishment of debt		388		-		71		-		459
Other expenses		1,261		74		40,780		-88		42,027
Total expenses		3,124		171		41,028		-209		44,114
Income (loss) from continuing operations before income tax
expense (benefit)		4,164		2,622		9,530		-9,098		7,218
Income tax expense (benefit)		-2,946		-27		3,162		-17		172
Income (loss) from continuing operations		7,110		2,649		6,368		-9,081		7,046
Income (loss) from discontinued operations, net of income taxes		-3		-		76		-		73
Net income (loss)		7,107		2,649		6,444		-9,081		7,119
Less:
Net income from continuing operations attributable to
noncontrolling interests		-		-		12		-		12
Net income (loss) attributable to AIG	$	7,107	$	2,649	$	6,432	$	-9,081	$	7,107
* 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 September 30, 2014
	Net income (loss)	$	2,192	$	1,265	$	2,729	$	-3,985	$	2,201
	Other comprehensive income (loss)		-180		-259		-1,885		2,143		-181
	Comprehensive income (loss)		2,012		1,006		844		-1,842		2,020
	Total comprehensive income attributable to noncontrolling interests		-		-		8		-		8
	Comprehensive income (loss) attributable to AIG	$	2,012	$	1,006	$	836	$	-1,842	$	2,012
	Three Months Ended September 30, 2013
	Net income (loss)	$	2,170	$	1,350	$	1,994	$	-3,384	$	2,130
	Other comprehensive income (loss)		-530		-299		-498		795		-532
	Comprehensive income (loss)		1,640		1,051		1,496		-2,589		1,598
	Total comprehensive loss attributable to noncontrolling interests		-		-		-42		-		-42
	Comprehensive income (loss) attributable to AIG	$	1,640	$	1,051	$	1,538	$	-2,589	$	1,640
	Nine Months Ended September 30, 2014
	Net income (loss)	$	6,874	$	2,684	$	8,207	$	-10,916	$	6,849
	Other comprehensive income (loss)		4,971		2,522		1,848		-4,371		4,970
	Comprehensive income (loss)		11,845		5,206		10,055		-15,287		11,819
	Total comprehensive loss attributable to noncontrolling interests		-		-		-26		-		-26
	Comprehensive income (loss) attributable to AIG	$	11,845	$	5,206	$	10,081	$	-15,287	$	11,845
	Nine Months Ended September 30, 2013
	Net income (loss)	$	7,107	$	2,649	$	6,444	$	-9,081	$	7,119
	Other comprehensive income (loss)		-6,065		-4,289		-6,125		10,391		-6,088
	Comprehensive income (loss)		1,042		-1,640		319		1,310		1,031
	Total comprehensive loss attributable to noncontrolling interests		-		-		-11		-		-11
	Comprehensive income (loss) attributable to AIG	$	1,042	$	-1,640	$	330	$	1,310	$	1,042
Condensed Consolidating Statements of Cash Flows	'
			American				Other
			International				Subsidiaries
			Group, Inc.				and		Consolidated
	(in millions)		(As Guarantor)		AIGLH		Eliminations		AIG
	Nine Months Ended September 30, 2014
	Net cash (used in) provided by operating activities		7,228		4,333		-7,204		4,357
	Cash flows from investing activities:
	Sales of investments		2,032		-		44,529		46,561
	Purchase of investments		-1,257		-		-41,824		-43,081
	Loans to subsidiaries - net		-1,687		-		1,687		-
	Contributions to subsidiaries - net		77		-		-77		-
	Net change in restricted cash		-5		-		-655		-660
	Net change in short-term investments		2,947		-		-605		2,342
	Other, net		-61		-		-234		-295
	Net cash provided by investing activities		2,046		-		2,821		4,867
	Cash flows from financing activities:
	Issuance of long-term debt		2,489		-		3,338		5,827
	Repayments of long-term debt		-7,368		-165		-4,028		-11,561
	Purchase of Common Stock		-3,403		-		-		-3,403
	Intercompany loans - net		-47		-279		326		-
	Cash dividends paid		-539		-3,931		3,931		-539
	Other, net		-324		-		399		75
	Net cash (used in) provided by financing activities		-9,192		-4,375		3,966		-9,601
	Effect of exchange rate changes on cash		-		-		-19		-19
	Change in cash		82		-42		-436		-396
	Cash at beginning of year		30		51		2,160		2,241
	Reclassification to assets held for sale		-		-		88		88
	Cash at end of period	$	112	$	9	$	1,812	$	1,933

	Nine Months Ended September 30, 2013
	Net cash (used in) provided by operating activities		3,078		3,082		-2,212		3,948
	Cash flows from investing activities:
	Sales of investments		1,065		-		57,809		58,874
	Purchase of investments		-4,981		-		-55,861		-60,842
	Loans to subsidiaries - net		3,491		-		-3,491		-
	Contributions to subsidiaries - net		-240		-1		241		-
	Net change in restricted cash		428		-		823		1,251
	Net change in short-term investments		2,552		-		5,562		8,114
	Other, net		194		-		-1,073		-879
	Net cash (used in) provided by investing activities		2,509		-1		4,010		6,518


	Cash flows from financing activities:
	Issuance of long-term debt		1,020		-		2,613		3,633
	Repayments of long-term debt		-5,866		-245		-5,244		-11,355
	Intercompany loans - net		-89		-205		294		-
	Purchase of common stock		-192		-		-		-192
	Cash dividends paid to shareholders		-147		-2,699		2,699		-147
	Other, net		-332		-		-1,079		-1,411
	Net cash (used in) financing activities		-5,606		-3,149		-717		-9,472
	Effect of exchange rate changes on cash		-		-		-79		-79
	Change in cash		-19		-68		1,002		915
	Cash at beginning of year		81		73		997		1,151
	Change in cash of businesses held for sale		-		-		-8		-8
	Cash at end of period	$	62	$	5	$	1,991	$	2,058
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	$	-1,238	$	-87	$	-1,171	$	-2,496
	Intercompany		-1		-7		8		-
	Taxes:
	Income tax authorities	$	-18	$	-	$	-596	$	-614
	Intercompany		1,348		-		-1,348		-
	Cash (paid) received during the 2013 period for:
	Interest:
	Third party	$	-1,473	$	-98	$	-1,380	$	-2,951
	Intercompany		-9		-21		30		-
	Taxes:
	Income tax authorities	$	-160	$	-	$	-218	$	-378
	Intercompany		1,116		-78		-1,038		-
Supplementary disclosure of non-cash activities	'
	Nine Months Ended September 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		-		523

BASIS_OF_PRESENTATION_Details

BASIS OF PRESENTATION (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	14-May-14	14-May-14	5-May-14	Sep. 30, 2014	13-May-14	Sep. 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	Aer Cap	Minimum
								item
Basis of Presentation	'	'	'	'	'	'	'	'
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	'	'
Closing price per share (in dollars per share)	'	'	'	'	'	'	$47.01	'
Number of shares received	'	'	97.6	'	97.6	'	'	'

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
	Sep. 30, 2014	Sep. 30, 2013	segment	Sep. 30, 2013
Segment results	'	'	'	'
Number of reportable segments	'	'	2	'
Total revenues	$16,654	$15,944	$48,871	$51,332
Pre-tax Income (loss) from continuing operations	3,019	1,178	9,772	7,218
Reportable Segments \| Total AIG Property Casualty	'	'	'	'
Segment results	'	'	'	'
Total revenues	10,007	9,704	29,623	29,473
Pre-tax Income (loss) from continuing operations	1,207	1,126	4,006	3,945
Reportable Segments \| Total AIG Property Casualty \| Operating Segments \| Commercial Insurance	'	'	'	'
Segment results	'	'	'	'
Total revenues	5,971	5,760	17,502	17,229
Pre-tax Income (loss) from continuing operations	573	610	2,149	2,186
Reportable Segments \| Total AIG Property Casualty \| Operating Segments \| Consumer Insurance	'	'	'	'
Segment results	'	'	'	'
Total revenues	3,362	3,359	9,962	10,212
Pre-tax Income (loss) from continuing operations	131	93	315	337
Reportable Segments \| Total AIG Property Casualty \| Other	'	'	'	'
Segment results	'	'	'	'
Total revenues	674	585	2,159	2,032
Pre-tax Income (loss) from continuing operations	503	423	1,542	1,422
Reportable Segments \| Total AIG Life and Retirement	'	'	'	'
Segment results	'	'	'	'
Total revenues	5,074	4,644	13,995	15,432
Pre-tax Income (loss) from continuing operations	1,931	1,241	4,412	4,530
Reportable Segments \| Total AIG Life and Retirement \| Operating Segments \| Retail	'	'	'	'
Segment results	'	'	'	'
Total revenues	3,318	2,884	9,056	9,326
Pre-tax Income (loss) from continuing operations	1,160	941	2,563	3,114
Reportable Segments \| Total AIG Life and Retirement \| Operating Segments \| Institutional	'	'	'	'
Segment results	'	'	'	'
Total revenues	1,756	1,760	4,939	6,106
Pre-tax Income (loss) from continuing operations	771	300	1,849	1,416
Consolidation and Eliminations	'	'	'	'
Segment results	'	'	'	'
Total revenues	-160	-200	-544	-646
Pre-tax Income (loss) from continuing operations	137	34	270	96
Other Operations	'	'	'	'
Segment results	'	'	'	'
Total revenues	1,733	1,796	5,797	7,073
Pre-tax Income (loss) from continuing operations	-256	-1,223	1,084	-1,353
Other Operations \| Aircraft Leasing	'	'	'	'
Segment results	'	'	'	'
Total revenues	'	1,118	1,602	3,303
Pre-tax Income (loss) from continuing operations	'	-1	17	60
Other Operations \| Consolidation and elimination of reconciling items	'	'	'	'
Segment results	'	'	'	'
Total revenues	-9	-9	-24	-28
Pre-tax Income (loss) from continuing operations	-1	1	1	3
Other Operations \| Mortgage Guaranty	'	'	'	'
Segment results	'	'	'	'
Total revenues	262	236	771	710
Pre-tax Income (loss) from continuing operations	135	43	423	162
Other Operations \| Global Capital Markets	'	'	'	'
Segment results	'	'	'	'
Total revenues	72	87	417	592
Pre-tax Income (loss) from continuing operations	58	29	332	431
Other Operations \| Direct Investment Book	'	'	'	'
Segment results	'	'	'	'
Total revenues	430	147	1,260	1,373
Pre-tax Income (loss) from continuing operations	228	52	855	1,084
Other Operations \| Corporate and Other	'	'	'	'
Segment results	'	'	'	'
Total revenues	978	217	1,771	1,123
Pre-tax Income (loss) from continuing operations	($676)	($1,347)	($544)	($3,093)

HELDFORSALE_CLASSIFICATION_AND2

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

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

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

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

13-May-14

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

14-May-14

Dec. 31, 2013

Aer Cap

AIG

Discontinued operations

International Lease Finance Corporation (ILFC)

Assets held-for-sale

Aer Cap

Revolving Credit Facility

Held-for-Sale Classification and 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

4,600,000,000

Before Tax gain on sale after settlement of intercompany loans

2,200,000,000

5,000,000

-27,000,000

56,000,000

119,000,000

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

1,400,000,000

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

2,400,000,000

Assets:

Equity securities

4,344,000,000

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

17,852,000,000

21,617,000,000

658,000,000

Cash

1,933,000,000

2,058,000,000

1,933,000,000

2,058,000,000

2,241,000,000

1,151,000,000

88,000,000

Premiums and other receivables, net of allowance

13,236,000,000

12,939,000,000

318,000,000

Other assets

10,239,000,000

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

29,536,000,000

Liabilities:

Other liabilities

28,410,000,000

29,155,000,000

3,127,000,000

Long-term debt

36,223,000,000

41,693,000,000

21,421,000,000

Total liabilities held for sale

24,548,000,000

Income (loss) from divested business or operations:

Gain (loss) on sale

2,200,000,000

5,000,000

-27,000,000

56,000,000

119,000,000

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

5,000,000

-27,000,000

56,000,000

119,000,000

Income tax expense (benefit)

3,000,000

-9,000,000

71,000,000

46,000,000

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

$2,000,000

($18,000,000)

($15,000,000)

$73,000,000

$2,000,000

($18,000,000)

($15,000,000)

$73,000,000

FAIR_VALUE_MEASUREMENTS_Detail

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

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

In Millions, unless otherwise specified

Recurring Basis

U.S. government and government sponsored entities

Non-U.S. government

Level 1

Level 2

Level 3

Counterparty Netting

Cash Collateral

Total Fair Value

Interest rate contracts

Foreign exchange contracts

Equity contracts

Commodity contracts

Credit contracts

Other contracts

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

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

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

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

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

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

Fair Value, Assets Measured on Recurring Basis

Bonds available for sale

$265,786

$258,274

$787

$641

$15

$133

$772

$508

$229,962

$227,632

$2,783

$3,062

$26,158

$28,300

$21,867

$21,985

$146,319

$143,297

$21,786

$21,207

$6,626

$5,747

$4,423

$4,034

$35,037

$30,001

$2,014

$1,080

$23

$16

$2,009

$1,255

$16,918

$14,941

$5,916

$5,735

$8,157

$6,974

$265,786

$258,274

$2,798

$3,195

$28,172

$29,380

$22,662

$22,509

$148,328

$144,552

$38,704

$36,148

$12,542

$11,482

$12,580

$11,008

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

20,381

22,623

128

10,448

11,930

5,130

5,645

122

121

948

1,169

1,143

1,326

507

509

2,596

3,158

9,805

10,615

1,023

937

713

844

8,069

8,834

20,381

22,623

5,258

5,723

122

121

948

1,169

2,166

2,263

1,220

1,353

10,665

11,992

Equity securities available for sale

4,344

3,656

4,310

3,626

3,570

3,218

740

408

4,344

3,656

3,572

3,219

743

410

Other equity securities

766

834

701

750

766

834

Mortgage and other loans receivable

Other invested assets

9,045

8,598

3,211

2,667

5,809

5,930

9,045

8,598

Derivative assets, at fair value

1,588

1,665

114

165

107

151

3,931

3,875

2,805

3,716

1,061

106

117

179

-1,769

-1,734

-1,769

-1,734

-805

-820

-805

-820

1,588

1,665

2,823

3,771

1,064

221

306

-2,574

-2,554

Short-term investments, portion measured at fair value

4,191

6,313

560

332

3,631

5,981

4,191

6,313

Separate account assets, at fair value

77,810

71,059

72,592

67,708

5,218

3,351

77,810

71,059

Other assets

418

Fair value assets measured on recurring basis, total

79,217

73,301

256,499

255,967

50,775

46,726

-1,769

-1,734

-805

-820

383,917

373,440

Fair Value, Liabilities Measured on Recurring Basis

Policyholder contract deposits, portion measured at fair value

1,044

384

991

312

1,044

384

Other policyholder funds

4,718

5,083

Derivative liabilities, at fair value

2,502

2,511

4,235

4,111

2,649

3,661

1,493

319

101

1,222

1,618

141

1,038

1,335

142

-1,769

-1,734

-1,769

-1,734

-1,186

-1,484

-1,186

-1,484

2,502

2,511

2,731

3,802

1,503

319

101

1,038

1,335

167

-2,955

-3,218

Long-term debt, portion measured at fair value

5,667

6,747

5,370

6,377

297

370

5,667

6,747

Other liabilities

402

933

332

891

402

933

Fair value liabilities measured on recurring basis, total

9,998

11,451

2,510

2,300

-1,769

-1,734

-1,186

-1,484

9,623

10,575

Assets transferred from Level 1 to Level 2

107

263

356

174

330

731

Assets transferred from Level 2 to Level 1

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details - Changes in Level 3 Recurring Fair Value Measurements) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	$49,934	$44,227	$46,547	$39,353
Net Realized and Unrealized Gains (Losses) Included in Income	536	523	1,957	2,103
Other Comprehensive Income (Loss)	-32	2	763	216
Purchases, Sales, Issues and Settlements, Net	607	142	1,794	1,933
Gross Transfers in, assets	140	777	1,950	3,122
Gross Transfers out, assets	-527	-451	-2,353	-1,507
Balance End of Period	50,658	45,220	50,658	45,220
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	46	259	361	394
Liabilities	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-2,358	-1,854	-2,121	-2,974
Net Realized and Unrealized Gains (Losses) Included in Income	-43	311	-381	1,214
Other Comprehensive Income (Loss)	12	-25	35	-16
Purchases, Sales, Issues and Settlements-Net	-24	-943	56	-733
Gross Transfers in, liabilities	0	0	-22	-3
Gross Transfers out, liabilities	20	0	40	1
Balance at the End of the Period	-2,393	-2,511	-2,393	-2,511
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	74	311	151	1,350
Policyholder contract deposits	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-842	-586	-312	-1,257
Net Realized and Unrealized Gains (Losses) Included in Income	-155	250	-687	865
Other Comprehensive Income (Loss)	8	0	-16	0
Purchases, Sales, Issues and Settlements-Net	-2	-51	24	5
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	-991	-387	-991	-387
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	-21	218	-140	825
Derivative liabilities, net	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-1,122	-849	-1,439	-1,373
Net Realized and Unrealized Gains (Losses) Included in Income	91	86	293	469
Other Comprehensive Income (Loss)	4	-25	51	-16
Purchases, Sales, Issues and Settlements-Net	-23	-893	-2	-761
Gross Transfers in, liabilities	0	0	48	-1
Gross Transfers out, liabilities	-55	0	-56	1
Balance at the End of the Period	-1,105	-1,681	-1,105	-1,681
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	79	112	276	566
Interest rate contracts	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-67	779	-100	732
Net Realized and Unrealized Gains (Losses) Included in Income	-3	6	-2	20
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	1	-912	33	-879
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	-2	0	-2	0
Balance at the End of the Period	-71	-127	-71	-127
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	-3	3	0	33
Foreign exchange contracts	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-9	'	0	'
Net Realized and Unrealized Gains (Losses) Included in Income	0	'	3	'
Other Comprehensive Income (Loss)	0	'	0	'
Purchases, Sales, Issues and Settlements-Net	2	'	-10	'
Gross Transfers in, liabilities	0	'	0	'
Gross Transfers out, liabilities	0	'	0	'
Balance at the End of the Period	-7	'	-7	'
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	0	'	4	'
Equity contracts	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	91	70	49	47
Net Realized and Unrealized Gains (Losses) Included in Income	6	12	14	49
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	2	-1	-12	-14
Gross Transfers in, liabilities	0	1	48	0
Gross Transfers out, liabilities	-53	0	-53	0
Balance at the End of the Period	46	82	46	82
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	0	10	6	40
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	-1	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	-1	1
Balance at the End of the Period	0	1	0	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	-1,085	-1,594	-1,280	-1,991
Net Realized and Unrealized Gains (Losses) Included in Income	75	52	229	365
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	-8	36	33	120
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	-1,018	-1,506	-1,018	-1,506
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	65	91	229	486
Other contracts	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-53	-105	-109	-162
Net Realized and Unrealized Gains (Losses) Included in Income	14	16	49	35
Other Comprehensive Income (Loss)	4	-25	51	-16
Purchases, Sales, Issues and Settlements-Net	-20	-16	-46	13
Gross Transfers in, liabilities	0	-1	0	-1
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	-55	-131	-55	-131
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	17	8	37	8
Long-term debt	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance at the Beginning of the Period	-394	-419	-370	-344
Net Realized and Unrealized Gains (Losses) Included in Income	21	-25	13	-120
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	1	1	34	23
Gross Transfers in, liabilities	0	0	-70	-2
Gross Transfers out, liabilities	75	'	96	'
Balance at the End of the Period	-297	-443	-297	-443
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	16	-19	15	-41
Bonds available for sale	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	33,888	27,890	30,001	24,152
Net Realized and Unrealized Gains (Losses) Included in Income	310	258	886	795
Other Comprehensive Income (Loss)	-123	-75	623	120
Purchases, Sales, Issues and Settlements, Net	1,052	753	3,145	3,468
Gross Transfers in, assets	56	495	1,772	1,387
Gross Transfers out, assets	-146	-451	-1,390	-1,052
Balance End of Period	35,037	28,870	35,037	28,870
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	1,991	945	1,080	1,024
Net Realized and Unrealized Gains (Losses) Included in Income	-1	4	-1	29
Other Comprehensive Income (Loss)	-11	-28	180	-178
Purchases, Sales, Issues and Settlements, Net	43	160	896	365
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	-8	-27	-141	-186
Balance End of Period	2,014	1,054	2,014	1,054
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	25	20	16	14
Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	0
Other Comprehensive Income (Loss)	0	0	-1	0
Purchases, Sales, Issues and Settlements, Net	1	1	7	7
Gross Transfers in, assets	0	0	4	1
Gross Transfers out, assets	-3	0	-3	-1
Balance End of Period	23	21	23	21
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	2,196	1,634	1,255	1,487
Net Realized and Unrealized Gains (Losses) Included in Income	2	-3	8	-7
Other Comprehensive Income (Loss)	-22	5	31	-9
Purchases, Sales, Issues and Settlements, Net	-73	0	-140	30
Gross Transfers in, assets	3	39	1,358	371
Gross Transfers out, assets	-97	-233	-503	-430
Balance End of Period	2,009	1,442	2,009	1,442
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	16,328	13,694	14,941	11,662
Net Realized and Unrealized Gains (Losses) Included in Income	264	216	759	624
Other Comprehensive Income (Loss)	-49	-60	211	279
Purchases, Sales, Issues and Settlements, Net	375	127	999	1,393
Gross Transfers in, assets	0	167	119	186
Gross Transfers out, assets	0	-58	-111	-58
Balance End of Period	16,918	14,086	16,918	14,086
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	5,917	5,455	5,735	5,124
Net Realized and Unrealized Gains (Losses) Included in Income	27	4	50	15
Other Comprehensive Income (Loss)	-39	55	201	75
Purchases, Sales, Issues and Settlements, Net	14	102	-43	290
Gross Transfers in, assets	0	0	69	161
Gross Transfers out, assets	-3	0	-96	-49
Balance End of Period	5,916	5,616	5,916	5,616
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	7,431	6,142	6,974	4,841
Net Realized and Unrealized Gains (Losses) Included in Income	18	37	70	134
Other Comprehensive Income (Loss)	-2	-47	1	-47
Purchases, Sales, Issues and Settlements, Net	692	363	1,426	1,383
Gross Transfers in, assets	53	289	222	668
Gross Transfers out, assets	-35	-133	-536	-328
Balance End of Period	8,157	6,651	8,157	6,651
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	10,216	10,574	10,615	9,744
Net Realized and Unrealized Gains (Losses) Included in Income	233	290	991	1,164
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	-510	-618	-1,456	-1,629
Gross Transfers in, assets	0	281	9	1,390
Gross Transfers out, assets	-134	0	-354	-142
Balance End of Period	9,805	10,527	9,805	10,527
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	46	259	361	394
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	1,062	782	937	396
Net Realized and Unrealized Gains (Losses) Included in Income	0	14	51	24
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	-39	-8	33	130
Gross Transfers in, assets	0	27	2	265
Gross Transfers out, assets	0	0	0	0
Balance End of Period	1,023	815	1,023	815
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	-9	13	9	-27
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	757	820	844	812
Net Realized and Unrealized Gains (Losses) Included in Income	-24	33	14	44
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	-20	-53	-151	-193
Gross Transfers in, assets	0	31	6	282
Gross Transfers out, assets	0	0	0	-114
Balance End of Period	713	831	713	831
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	-21	29	11	-13
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	8,397	8,972	8,834	8,536
Net Realized and Unrealized Gains (Losses) Included in Income	257	243	926	1,096
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	-451	-557	-1,338	-1,566
Gross Transfers in, assets	0	223	1	843
Gross Transfers out, assets	-134	0	-354	-28
Balance End of Period	8,069	8,881	8,069	8,881
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	76	217	341	434
Equity securities available for sale	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	0	124	1	68
Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	0
Other Comprehensive Income (Loss)	1	-1	1	8
Purchases, Sales, Issues and Settlements, Net	0	-48	0	-1
Gross Transfers in, assets	1	0	1	0
Gross Transfers out, assets	-1	0	-2	0
Balance End of Period	1	75	1	75
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	76	1	24
Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	0
Other Comprehensive Income (Loss)	1	-1	1	4
Purchases, Sales, Issues and Settlements, Net	0	-48	0	-1
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	-1	0	-2	0
Balance End of Period	0	27	0	27
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	48	0	44
Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	0
Other Comprehensive Income (Loss)	0	0	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
Equity securities available for sale \| Mutual Funds	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Gross Transfers in, assets	1	'	'	'
Balance End of Period	1	'	1	'
Equity securities available for sale \| Mutual Funds \| 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	'	'	'
Other invested assets	'	'	'	'
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation	'	'	'	'
Balance Beginning of Period	5,824	5,639	5,930	5,389
Net Realized and Unrealized Gains (Losses) Included in Income	-7	-25	80	144
Other Comprehensive Income (Loss)	90	78	139	88
Purchases, Sales, Issues and Settlements, Net	65	55	99	95
Gross Transfers in, assets	83	1	168	345
Gross Transfers out, assets	-246	0	-607	-313
Balance End of Period	5,809	5,748	5,809	5,748
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	'	'	'	'
Balance Beginning of Period	6	'	'	'
Purchases, Sales, Issues and Settlements, Net	0	'	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		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 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	$536	$523	$1,957	$2,103
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	-155	250	-687	865
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	-155	250	-687	865
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	91	86	293	469
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	18	11	49	26
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	-1	8	4	25
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	74	67	240	418
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	21	-25	13	-120
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	21	-25	13	-120
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	310	258	886	795
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	320	264	922	713
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	-22	-21	-73	-8
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	15	37	90
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	233	290	991	1,164
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	-3	86	97	114
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	0	7	2	8
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	236	197	892	1,042
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	0	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	0	'	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	-7	-25	80	144
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	18	-12	107	142
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	-20	-5	-33	-34
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)	($8)	$6	$36

FAIR_VALUE_MEASUREMENTS_Detail3

FAIR VALUE MEASUREMENTS (Details - Gross components of purchases, sales, issues and settlements) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, Sales, Issues and Settlements, Net, assets	$607	$142	$1,794	$1,933
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	-2	43	35	-12
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.	52	18	50	30
Liabilities	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, liabilities	0	4	1	9
Sales, liabilities	-38	-4	-96	-17
Settlements, liabilities	14	-943	151	-725
Purchases, Sales, Issues and Settlements, Net, liabilities	-24	-943	56	-733
Policyholder contract deposits	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, liabilities	0	0	0	0
Sales, liabilities	-36	-4	-94	-16
Settlements, liabilities	34	-47	118	21
Purchases, Sales, Issues and Settlements, Net, liabilities	-2	-51	24	5
Derivative liabilities, net	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, liabilities	0	4	1	9
Sales, liabilities	-2	0	-2	-1
Settlements, liabilities	-21	-897	-1	-769
Purchases, Sales, Issues and Settlements, Net, liabilities	-23	-893	-2	-761
Long-term debt	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, liabilities	0	0	0	0
Sales, liabilities	0	0	0	0
Settlements, liabilities	1	1	34	23
Purchases, Sales, Issues and Settlements, Net, liabilities	1	1	34	23
Assets [Member]	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	2,794	2,178	7,567	8,734
Sales, assets	-316	-127	-482	-1,013
Settlements, assets	-1,871	-1,909	-5,291	-5,788
Purchases, Sales, Issues and Settlements, Net, assets	607	142	1,794	1,933
Bonds available for sale	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	2,512	1,898	6,640	7,398
Sales, assets	-300	-37	-425	-808
Settlements, assets	-1,160	-1,108	-3,070	-3,122
Purchases, Sales, Issues and Settlements, Net, assets	1,052	753	3,145	3,468
Bonds available for sale \| Obligations of states, municipalities and political subdivisions	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	66	194	1,002	502
Sales, assets	-3	-34	-35	-137
Settlements, assets	-20	0	-71	0
Purchases, Sales, Issues and Settlements, Net, assets	43	160	896	365
Bonds available for sale \| Non-U.S. government	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	1	1	8	9
Sales, assets	0	0	0	0
Settlements, assets	0	0	-1	-2
Purchases, Sales, Issues and Settlements, Net, assets	1	1	7	7
Bonds available for sale \| Corporate debt	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	22	146	141	454
Sales, assets	0	0	-8	-114
Settlements, assets	-95	-146	-273	-310
Purchases, Sales, Issues and Settlements, Net, assets	-73	0	-140	30
Bonds available for sale \| Residential mortgage backed securities (RMBS)	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	1,062	750	2,814	3,462
Sales, assets	-62	0	-88	-231
Settlements, assets	-625	-623	-1,727	-1,838
Purchases, Sales, Issues and Settlements, Net, assets	375	127	999	1,393
Bonds available for sale \| Commercial mortgage-backed securities (CMBS)	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	276	179	368	872
Sales, assets	-167	-3	-224	-167
Settlements, assets	-95	-74	-187	-415
Purchases, Sales, Issues and Settlements, Net, assets	14	102	-43	290
Bonds available for sale \| Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	1,085	628	2,307	2,099
Sales, assets	-68	0	-70	-159
Settlements, assets	-325	-265	-811	-557
Purchases, Sales, Issues and Settlements, Net, assets	692	363	1,426	1,383
Other Bond securities	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	6	31	212	581
Sales, assets	-16	-87	-56	-145
Settlements, assets	-500	-562	-1,612	-2,065
Purchases, Sales, Issues and Settlements, Net, assets	-510	-618	-1,456	-1,629
Other Bond securities \| Corporate debt	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
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 [Line Items]	'	'	'	'
Purchases, assets	0	31	162	244
Sales, assets	-3	-12	-22	-12
Settlements, assets	-36	-27	-107	-102
Purchases, Sales, Issues and Settlements, Net, assets	-39	-8	33	130
Other Bond securities \| Commercial mortgage-backed securities (CMBS)	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	0	0	0	19
Sales, assets	-9	-9	-15	-67
Settlements, assets	-11	-44	-136	-145
Purchases, Sales, Issues and Settlements, Net, assets	-20	-53	-151	-193
Other Bond securities \| Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	6	0	50	318
Sales, assets	-4	-66	-19	-66
Settlements, assets	-453	-491	-1,369	-1,818
Purchases, Sales, Issues and Settlements, Net, assets	-451	-557	-1,338	-1,566
Equity securities	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	'	0	0	58
Sales, assets	'	0	0	-11
Settlements, assets	'	-48	0	-48
Purchases, Sales, Issues and Settlements, Net, assets	'	-48	0	-1
Other invested assets	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	276	249	709	697
Sales, assets	0	-3	-1	-49
Settlements, assets	-211	-191	-609	-553
Purchases, Sales, Issues and Settlements, Net, assets	65	55	99	95
Mortgage and other loans receivable, net of allowance	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]	'	'	'	'
Purchases, assets	0	'	6	'
Purchases, Sales, Issues and Settlements, Net, assets	$0	'	$6	'

FAIR_VALUE_MEASUREMENTS_Detail4

FAIR VALUE MEASUREMENTS (Details - Quantitative Information About Level 3 Fair Value Measurements - Assets) (Level 3, USD $)	9 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Corporate debt \| Discounted cash flow	'	'
Fair value inputs, assets, quantitative information	'	'
Fair Value	1,217	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	8.57%	14.29%
Corporate debt \| Discounted cash flow \| Weighted-average	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	6.19%	6.64%
Residential mortgage backed securities \| Discounted cash flow	'	'
Fair value inputs, assets, quantitative information	'	'
Fair Value	17,384	14,419
Residential mortgage backed securities \| Discounted cash flow \| Minimum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	2.51%	2.54%
Constant prepayment rate	0.36%	0.00%
Loss severity	45.61%	42.60%
Constant default rate	3.84%	3.98%
Residential mortgage backed securities \| Discounted cash flow \| Maximum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	6.61%	7.40%
Constant prepayment rate	9.74%	10.35%
Loss severity	79.52%	79.07%
Constant default rate	10.46%	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	62.57%	60.84%
Constant default rate	7.15%	8.10%
Certain CDO/ABS \| Discounted cash flow	'	'
Fair value inputs, assets, quantitative information	'	'
Fair Value	5,321	5,414
Certain CDO/ABS \| Discounted cash flow \| Minimum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	4.70%	5.20%
Constant prepayment rate	6.40%	5.20%
Loss severity	43.80%	48.60%
Constant default rate	2.60%	3.20%
Certain CDO/ABS \| Discounted cash flow \| Maximum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	10.30%	11.50%
Constant prepayment rate	13.40%	10.80%
Loss severity	59.90%	63.40%
Constant default rate	14.90%	16.20%
Certain CDO/ABS \| Discounted cash flow \| Weighted-average	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	7.70%	9.40%
Constant prepayment rate	9.90%	8.20%
Loss severity	52.00%	56.40%
Constant default rate	8.00%	9.00%
Commercial mortgage backed securities \| Discounted cash flow	'	'
Fair value inputs, assets, quantitative information	'	'
Fair Value	6,048	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	13.01%	14.69%
Commercial mortgage backed securities \| Discounted cash flow \| Weighted-average	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	4.50%	5.58%
CDO/ABS - Direct Investment book \| Binomial Expansion Technique	'	'
Fair value inputs, assets, quantitative information	'	'
Fair Value	425	557
CDO/ABS - Direct Investment book \| Binomial Expansion Technique \| Minimum	'	'
Fair value inputs, assets, quantitative information	'	'
Recovery rates	7.00%	6.00%
Diversity score	6	5
Weighted average life	'0 years 3 months	'1 year 0 months 25 days
CDO/ABS - Direct Investment book \| Binomial Expansion Technique \| Maximum	'	'
Fair value inputs, assets, quantitative information	'	'
Recovery rates	58.00%	63.00%
Diversity score	23	35
Weighted average life	'10 years 3 months 25 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	26.00%	25.00%
Diversity score	14	12
Weighted average life	'4 years 1 month 2 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	1,141	920
Obligations of states, municipalities and political subdivisions \| Discounted cash flow \| Minimum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	4.15%	4.94%
Obligations of states, municipalities and political subdivisions \| Discounted cash flow \| Maximum	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	4.93%	5.86%
Obligations of states, municipalities and political subdivisions \| Discounted cash flow \| Weighted-average	'	'
Fair value inputs, assets, quantitative information	'	'
Yield	4.54%	5.40%

FAIR_VALUE_MEASUREMENTS_Detail5

FAIR VALUE MEASUREMENTS (Details - Quantitative Information About Level 3 Fair Value Measurements - Liabilities) (Level 3, USD $)	9 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Policyholder contract deposits	'	'
Significant unobservable inputs used for recurring fair value measurements	'	'
Fair value	991	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	0.10%	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	35.00%	40.00%
Utilization rates	30.00%	25.00%
Derivative Liabilities - Credit contracts	'	'
Significant unobservable inputs used for recurring fair value measurements	'	'
Fair value	813	996
Derivative Liabilities - Credit contracts \| BET \| Minimum	'	'
Significant unobservable inputs used for recurring fair value measurements	'	'
Recovery rates	5.00%	5.00%
Diversity score	9	9
Weighted average life	'2 years 8 months 8 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	27	32
Weighted average life	'10 years 3 months 25 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	'4 years 8 months 1 day	'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 $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 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	$8,396	$7,732
Unfunded Commitments	961	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	3,427	3,347
Unfunded Commitments	950	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	74.00%	'
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	18.00%	'
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	8.00%	'
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	2,496	2,544
Unfunded Commitments	474	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	427	346
Unfunded Commitments	209	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	136	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	174	183
Unfunded Commitments	44	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	194	134
Unfunded Commitments	213	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	4,969	4,385
Unfunded Commitments	11	28
Hedge fund investments redeemable monthly (as a percent)	15.00%	'
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)	23.00%	'
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part	51.00%	'
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	1,188	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	2,096	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	486	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	659	594
Unfunded Commitments	5	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	238	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		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	$346	$303	$1,585	$1,464
Fair value option credit risk gains (losses)	8	-22	-14	-37
Fair Value Option \| Other long-term debt	'	'	'	'
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	23	-51	-186	271
Fair Value Option \| Other liabilities	'	'	'	'
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	-4	-4	-10	-10
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	3
Fair Value Option \| Bond and equity securities	'	'	'	'
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	252	331	1,529	963
Fair Value Option \| Alternative investments	'	'	'	'
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	73	23	245	229
Fair Value Option \| Other, Including Short term investments	'	'	'	'
Fair Value, Option, Quantitative Disclosures	'	'	'	'
Fair Value Options Changes in Fair Value Gain (loss)	$2	$3	$7	$8

FAIR_VALUE_MEASUREMENTS_Detail8

FAIR VALUE MEASUREMENTS (Details - Difference between fair values and the aggregate contractual principal amounts of long-term debt) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions	'	'
Mortgage and other loans receivable, Fair Value	$6	$0
Long-term debt, Fair Value	5,667	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	5,667	6,747
Long-term debt, Outstanding Principal Amount	4,344	5,231
Long-term debt, Difference	$1,323	$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

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

In Millions, unless otherwise specified

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Other Investments

Investments In Life Settlements

Other assets

Level 1

Level 2

Level 3

Total Fair Value

Other Investments

Investments In Life Settlements

Other assets

Other Investments

Investments In Life Settlements

Other assets

Other Investments

Investments In Life Settlements

Other assets

Other Investments

Investments In Life Settlements

Other assets

FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS

Assets at Fair Value, Non-Recurring Basis

$11

$1,240

$2,559

$766

$1,615

$473

$896

$48

$1,240

$2,570

$766

$1,615

$473

$896

$59

Impairment Charges

$115

$72

$258

$247

$62

$117

$82

$52

$61

$139

$26

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 $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Assets:	'	'	'	'
Mortgage and other loans receivable	$23,397	$20,765	'	'
Short-term investments	17,852	21,617	'	'
Cash	1,933	2,241	2,058	1,151
Liabilities:	'	'	'	'
Other liabilities	28,410	29,155	'	'
Total Fair Value	'	'	'	'
Assets:	'	'	'	'
Mortgage and other loans receivable	24,685	21,637	'	'
Other invested assets	3,465	3,234	'	'
Short-term investments	13,661	15,304	'	'
Cash	1,933	2,241	'	'
Liabilities:	'	'	'	'
Policyholder contract deposits associated with investment-type contracts	118,209	114,560	'	'
Other liabilities	3,993	4,870	'	'
Long-term debt	34,569	38,633	'	'
Level 1	'	'	'	'
Assets:	'	'	'	'
Mortgage and other loans receivable	0	0	'	'
Other invested assets	0	0	'	'
Short-term investments	0	0	'	'
Cash	1,933	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	217	219	'	'
Other invested assets	626	529	'	'
Short-term investments	13,661	15,304	'	'
Cash	0	0	'	'
Liabilities:	'	'	'	'
Policyholder contract deposits associated with investment-type contracts	226	199	'	'
Other liabilities	3,993	4,869	'	'
Long-term debt	30,880	36,239	'	'
Level 3	'	'	'	'
Assets:	'	'	'	'
Mortgage and other loans receivable	24,468	21,418	'	'
Other invested assets	2,839	2,705	'	'
Short-term investments	0	0	'	'
Cash	0	0	'	'
Liabilities:	'	'	'	'
Policyholder contract deposits associated with investment-type contracts	117,983	114,361	'	'
Other liabilities	0	1	'	'
Long-term debt	3,689	2,394	'	'
Carrying Value	'	'	'	'
Assets:	'	'	'	'
Mortgage and other loans receivable	23,391	20,765	'	'
Other invested assets	4,357	4,194	'	'
Short-term investments	13,661	15,304	'	'
Cash	1,933	2,241	'	'
Liabilities:	'	'	'	'
Policyholder contract deposits associated with investment-type contracts	105,258	105,093	'	'
Other liabilities	3,993	4,869	'	'
Long-term debt	$30,556	$34,946	'	'

INVESTMENTS_Details_Amortized_

INVESTMENTS (Details - Amortized cost or cost and fair value of Available for sale securities) (USD $)	Sep. 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	$251,986,000,000	$250,257,000,000
Available for sale securities, Gross Unrealized Gains	20,066,000,000	16,360,000,000
Available for sale securities, Gross Unrealized Losses	-1,922,000,000	-4,687,000,000
Available for sale securities, Fair Value	270,130,000,000	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	2,192,000,000	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	249,920,000,000	248,531,000,000
Available for sale securities, Gross Unrealized Gains	17,752,000,000	14,391,000,000
Available for sale securities, Gross Unrealized Losses	-1,886,000,000	-4,648,000,000
Available for sale securities, Fair Value	265,786,000,000	258,274,000,000
Other details of available for sale securities	'	'
Available for sale securities not rated or rated below investment grade	35,000,000,000	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	2,192,000,000	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	2,638,000,000	3,084,000,000
Available for sale securities, Gross Unrealized Gains	180,000,000	150,000,000
Available for sale securities, Gross Unrealized Losses	-20,000,000	-39,000,000
Available for sale securities, Fair Value	2,798,000,000	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	26,699,000,000	28,704,000,000
Available for sale securities, Gross Unrealized Gains	1,557,000,000	1,122,000,000
Available for sale securities, Gross Unrealized Losses	-84,000,000	-446,000,000
Available for sale securities, Fair Value	28,172,000,000	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	-11,000,000	-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	21,889,000,000	22,045,000,000
Available for sale securities, Gross Unrealized Gains	955,000,000	822,000,000
Available for sale securities, Gross Unrealized Losses	-182,000,000	-358,000,000
Available for sale securities, Fair Value	22,662,000,000	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	139,166,000,000	139,461,000,000
Available for sale securities, Gross Unrealized Gains	10,222,000,000	7,989,000,000
Available for sale securities, Gross Unrealized Losses	-1,060,000,000	-2,898,000,000
Available for sale securities, Fair Value	148,328,000,000	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	73,000,000	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	59,528,000,000	55,237,000,000
Available for sale securities, Gross Unrealized Gains	4,838,000,000	4,308,000,000
Available for sale securities, Gross Unrealized Losses	-540,000,000	-907,000,000
Available for sale securities, Fair Value	63,826,000,000	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	2,130,000,000	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	35,511,000,000	33,520,000,000
Available for sale securities, Gross Unrealized Gains	3,507,000,000	3,101,000,000
Available for sale securities, Gross Unrealized Losses	-314,000,000	-473,000,000
Available for sale securities, Fair Value	38,704,000,000	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	1,862,000,000	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	11,959,000,000	11,216,000,000
Available for sale securities, Gross Unrealized Gains	694,000,000	558,000,000
Available for sale securities, Gross Unrealized Losses	-111,000,000	-292,000,000
Available for sale securities, Fair Value	12,542,000,000	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	218,000,000	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	12,058,000,000	10,501,000,000
Available for sale securities, Gross Unrealized Gains	637,000,000	649,000,000
Available for sale securities, Gross Unrealized Losses	-115,000,000	-142,000,000
Available for sale securities, Fair Value	12,580,000,000	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	50,000,000	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	2,066,000,000	1,726,000,000
Available for sale securities, Gross Unrealized Gains	2,314,000,000	1,969,000,000
Available for sale securities, Gross Unrealized Losses	-36,000,000	-39,000,000
Available for sale securities, Fair Value	4,344,000,000	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	1,323,000,000	1,280,000,000
Available for sale securities, Gross Unrealized Gains	2,268,000,000	1,953,000,000
Available for sale securities, Gross Unrealized Losses	-19,000,000	-14,000,000
Available for sale securities, Fair Value	3,572,000,000	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	5,000,000	4,000,000
Available for sale securities, Gross Unrealized Losses	0	-1,000,000
Available for sale securities, Fair Value	29,000,000	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	719,000,000	422,000,000
Available for sale securities, Gross Unrealized Gains	41,000,000	12,000,000
Available for sale securities, Gross Unrealized Losses	-17,000,000	-24,000,000
Available for sale securities, Fair Value	$743,000,000	$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 $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Fair value and gross unrealized losses on AIG's available for sale securities	'	'
Fair Value, Less than 12 Months	$26,287	$64,881
Gross Unrealized Losses, Less than 12 Months	434	3,507
Fair Value, 12 Months or More	26,982	9,401
Gross Unrealized Losses, 12 Months or More	1,488	1,180
Fair Value, Total	53,269	74,282
Gross Unrealized Losses, Total	1,922	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	25,884	64,411
Gross Unrealized Losses, Less than 12 Months	409	3,468
Fair Value, 12 Months or More	26,905	9,401
Gross Unrealized Losses, 12 Months or More	1,477	1,180
Fair Value, Total	52,789	73,812
Gross Unrealized Losses, Total	1,886	4,648
Number of securities in an unrealized loss position	6,689	'
Number of individual securities in continuous unrealized loss position for longer than twelve months	2,399	'
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	491	1,101
Gross Unrealized Losses, Less than 12 Months	5	34
Fair Value, 12 Months or More	303	42
Gross Unrealized Losses, 12 Months or More	15	5
Fair Value, Total	794	1,143
Gross Unrealized Losses, Total	20	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	924	6,134
Gross Unrealized Losses, Less than 12 Months	20	379
Fair Value, 12 Months or More	1,183	376
Gross Unrealized Losses, 12 Months or More	64	67
Fair Value, Total	2,107	6,510
Gross Unrealized Losses, Total	84	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	2,074	4,102
Gross Unrealized Losses, Less than 12 Months	34	217
Fair Value, 12 Months or More	2,213	710
Gross Unrealized Losses, 12 Months or More	148	141
Fair Value, Total	4,287	4,812
Gross Unrealized Losses, Total	182	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	14,653	38,495
Gross Unrealized Losses, Less than 12 Months	239	2,251
Fair Value, 12 Months or More	14,521	4,926
Gross Unrealized Losses, 12 Months or More	821	647
Fair Value, Total	29,174	43,421
Gross Unrealized Losses, Total	1,060	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	3,849	8,543
Gross Unrealized Losses, Less than 12 Months	72	349
Fair Value, 12 Months or More	4,432	1,217
Gross Unrealized Losses, 12 Months or More	242	124
Fair Value, Total	8,281	9,760
Gross Unrealized Losses, Total	314	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	956	3,191
Gross Unrealized Losses, Less than 12 Months	6	176
Fair Value, 12 Months or More	2,483	1,215
Gross Unrealized Losses, 12 Months or More	105	116
Fair Value, Total	3,439	4,406
Gross Unrealized Losses, Total	111	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	2,937	2,845
Gross Unrealized Losses, Less than 12 Months	33	62
Fair Value, 12 Months or More	1,770	915
Gross Unrealized Losses, 12 Months or More	82	80
Fair Value, Total	4,707	3,760
Gross Unrealized Losses, Total	115	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	403	470
Gross Unrealized Losses, Less than 12 Months	25	39
Fair Value, 12 Months or More	77	0
Gross Unrealized Losses, 12 Months or More	11	0
Fair Value, Total	480	470
Gross Unrealized Losses, Total	36	39
Number of securities in an unrealized loss position	137	'
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	116	96
Gross Unrealized Losses, Less than 12 Months	13	14
Fair Value, 12 Months or More	7	0
Gross Unrealized Losses, 12 Months or More	6	0
Fair Value, Total	123	96
Gross Unrealized Losses, Total	19	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	5	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	5	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	282	369
Gross Unrealized Losses, Less than 12 Months	12	24
Fair Value, 12 Months or More	70	0
Gross Unrealized Losses, 12 Months or More	5	0
Fair Value, Total	352	369
Gross Unrealized Losses, Total	$17	$24

INVESTMENTS_Details_Amortized_1

INVESTMENTS (Details - Amortized cost and fair value of fixed maturity securities available for sale by contractual maturity) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Available-for-sale Securities Disclosures	'	'
Fixed Maturity Securities in a Loss Position Available for Sale , Amortized Cost, Total	$251,986	$250,257
Fixed Maturity Securities Available for Sale, Fair Value, Total	265,786	258,274
Fixed Maturity Securities in a Loss Position AFS	'	'
Available-for-sale Securities Disclosures	'	'
Due in one year or less, Amortized Cost	857	'
Due after one year through five years, Amortized Cost	7,038	'
Due after five years through ten years, Amortized Cost	14,788	'
Due after ten years, Amortized Cost	15,025	'
Mortgage-backed, asset-backed and collateralized, Amortized Cost	16,967	'
Fixed Maturity Securities in a Loss Position Available for Sale , Amortized Cost, Total	54,675	'
Due in one year or less, Fair Value	846	'
Due after one year through five years, Fair Value	6,926	'
Due after five years through ten years, Fair Value	14,353	'
Due after ten years, Fair Value	14,237	'
Mortgage-backed, asset-backed and collateralized, Fair Value	16,427	'
Fixed Maturity Securities Available for Sale, Fair Value, Total	52,789	'
Bonds available for sale	'	'
Available-for-sale Securities Disclosures	'	'
Due in one year or less, Amortized Cost	10,843	'
Due after one year through five years, Amortized Cost	50,274	'
Due after five years through ten years, Amortized Cost	65,793	'
Due after ten years, Amortized Cost	63,482	'
Mortgage-backed, asset-backed and collateralized, Amortized Cost	59,528	'
Fixed Maturity Securities in a Loss Position Available for Sale , Amortized Cost, Total	249,920	248,531
Due in one year or less, Fair Value	11,017	'
Due after one year through five years, Fair Value	52,949	'
Due after five years through ten years, Fair Value	69,252	'
Due after ten years, Fair Value	68,742	'
Mortgage-backed, asset-backed and collateralized, Fair Value	63,826	'
Fixed Maturity Securities Available for Sale, Fair Value, Total	$265,786	'

INVESTMENTS_Details_Realized_g

INVESTMENTS (Details - Realized gains and gross realized losses from sales or maturities) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Available-for-sale Securities Disclosures	'	'	'	'
Gross Realized Gains	$151,000,000	$534,000,000	$630,000,000	$2,317,000,000
Aggregate fair value of available for sale securities sold	4,200,000,000	8,400,000,000	16,200,000,000	27,700,000,000
Net realized capital gains (losses)	100,000,000	500,000,000	500,000,000	2,100,000,000
Gross Realized Losses	25,000,000	32,000,000	75,000,000	168,000,000
Fixed maturity securities	'	'	'	'
Available-for-sale Securities Disclosures	'	'	'	'
Gross Realized Gains	118,000,000	516,000,000	528,000,000	2,216,000,000
Gross Realized Losses	21,000,000	26,000,000	65,000,000	153,000,000
Equity securities available for sale	'	'	'	'
Available-for-sale Securities Disclosures	'	'	'	'
Gross Realized Gains	33,000,000	18,000,000	102,000,000	101,000,000
Gross Realized Losses	$4,000,000	$6,000,000	$10,000,000	$15,000,000

INVESTMENTS_Details_Value_of_o

INVESTMENTS (Details - Value of other securities measured at fair value based on election of the fair value option) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
TRADING SECURITIES	'	'
Other Securities, Fair Value	$21,147	$23,457
Other Securities, Percent of Total	100.00%	100.00%
U.S. Government agency backed ABS	'	'
TRADING SECURITIES	'	'
Other Securities, Fair Value	900	1,000
Fixed maturity securities	'	'
TRADING SECURITIES	'	'
Other Securities, Fair Value	20,381	22,623
Other Securities, Percent of Total	96.00%	97.00%
Fixed maturity securities \| U.S. government and government sponsored entities	'	'
TRADING SECURITIES	'	'
Other Securities, Fair Value	5,258	5,723
Other Securities, Percent of Total	25.00%	24.00%
Fixed maturity securities \| Obligations of states, municipalities and political subdivisions	'	'
TRADING SECURITIES	'	'
Other Securities, Fair Value	122	121
Other Securities, Percent of Total	1.00%	1.00%
Fixed maturity securities \| Non-U.S. government	'	'
TRADING SECURITIES	'	'
Other Securities, Fair Value	2	2
Other Securities, Percent of Total	0.00%	0.00%
Fixed maturity securities \| Corporate debt	'	'
TRADING SECURITIES	'	'
Other Securities, Fair Value	948	1,169
Other Securities, Percent of Total	4.00%	5.00%
Fixed maturity securities \| Mortgage-backed, asset-backed and collateralized	'	'
TRADING SECURITIES	'	'
Other Securities, Fair Value	14,051	15,601
Other Securities, Percent of Total	66.00%	67.00%
Fixed maturity securities \| Residential mortgage backed securities (RMBS)	'	'
TRADING SECURITIES	'	'
Other Securities, Fair Value	2,166	2,263
Other Securities, Percent of Total	10.00%	10.00%
Fixed maturity securities \| Commercial mortgage-backed securities (CMBS)	'	'
TRADING SECURITIES	'	'
Other Securities, Fair Value	1,220	1,353
Other Securities, Percent of Total	6.00%	6.00%
Fixed maturity securities \| Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS)	'	'
TRADING SECURITIES	'	'
Other Securities, Fair Value	10,665	11,985
Other Securities, Percent of Total	50.00%	51.00%
Fixed maturity securities \| Other	'	'
TRADING SECURITIES	'	'
Other Securities, Fair Value	0	7
Equity securities	'	'
TRADING SECURITIES	'	'
Other Securities, Fair Value	$766	$834
Other Securities, Percent of Total	4.00%	3.00%

INVESTMENTS_Details_Components

INVESTMENTS (Details - Components of Net investment income) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Pledged Investments	'	'	'	'
Total investment income	$4,161	$3,693	$12,506	$12,004
Investment expenses	133	120	398	423
Net investment income	4,028	3,573	12,108	11,581
Fixed maturity securities, including short-term investments	'	'	'	'
Pledged Investments	'	'	'	'
Total investment income	3,022	3,005	9,264	8,969
Equity securities	'	'	'	'
Pledged Investments	'	'	'	'
Total investment income	135	98	67	123
Interest on mortgage and other loans	'	'	'	'
Pledged Investments	'	'	'	'
Total investment income	318	292	947	862
Alternative investments	'	'	'	'
Pledged Investments	'	'	'	'
Total investment income	636	288	2,108	1,892
Real estate	'	'	'	'
Pledged Investments	'	'	'	'
Total investment income	25	32	86	99
Other investments	'	'	'	'
Pledged Investments	'	'	'	'
Total investment income	$25	($22)	$34	$59

INVESTMENTS_Details_Components1

INVESTMENTS (Details - Components of Net realized capital gains (losses)) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Other-than-temporary impairments:	'	'	'	'
Severity	$0	$0	$0	($5)
Change in intent	-14	-1	-20	-4
Foreign currency declines	-3	0	-13	0
Issuer-specific credit events	-31	-51	-124	-130
Adverse projected cash flows	-2	0	-7	-7
Provision for loan losses	-11	-33	9	-38
Foreign exchange transactions	350	-276	329	135
Derivative instruments	36	192	-302	209
Impairments on investments in life settlements	-52	-61	-139	-139
Other	71	-20	70	-27
Total net realized capital gains (losses)	470	252	358	2,143
Fixed maturity securities	'	'	'	'
Gain (Loss) on Investments [Line Items]	'	'	'	'
Sale of fixed maturity securities	97	490	463	2,063
Equity securities	'	'	'	'
Gain (Loss) on Investments [Line Items]	'	'	'	'
Sale of fixed maturity securities	$29	$12	$92	$86

INVESTMENTS_Details_Increase_d

INVESTMENTS (Details - Increase (decrease) in unrealized appreciation (depreciation)) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Available-for-sale Securities Disclosures	'	'	'	'
Increase (decrease) in unrealized appreciation (depreciation) of investments	($1,118)	($1,457)	$6,598	($12,734)
Fixed maturity securities	'	'	'	'
Available-for-sale Securities Disclosures	'	'	'	'
Increase (decrease) in unrealized appreciation (depreciation) of investments	-1,515	-1,696	6,123	-12,971
Equity securities	'	'	'	'
Available-for-sale Securities Disclosures	'	'	'	'
Increase (decrease) in unrealized appreciation (depreciation) of investments	303	189	348	180
Other investments	'	'	'	'
Available-for-sale Securities Disclosures	'	'	'	'
Increase (decrease) in unrealized appreciation (depreciation) of investments	$94	$50	$127	$57

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		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Fixed maturity securities	'	'	'	'
Other Than Temporary Impairment Credit Losses Recognized in Earnings	'	'	'	'
Balance, beginning of year	$3,166	$4,236	$3,872	$5,164
Increases due to:	'	'	'	'
Credit impairments on new securities subject to impairment losses	13	6	35	33
Additional credit impairments on previously impaired securities	5	29	59	59
Reductions due to:	'	'	'	'
Credit impaired securities fully disposed for which there was no prior intent or requirement to sell	-116	-68	-528	-626
Accretion on securities previously impaired due to credit	-183	-184	-544	-611
Other	0	0	-9	0
Balance, end of year	$2,885	$4,019	$2,885	$4,019

INVESTMENTS_Details_Purchased_

INVESTMENTS (Details - Purchased Credit Impaired (PCI) Securities) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Available-for-sale Securities Disclosures	'	'	'	'	'
Amortized cost	$249,920	'	$249,920	'	$248,531
Fair value	270,130	'	270,130	'	261,930
Purchased Credit Impaired (PCI) Securities	'	'	'	'	'
Available-for-sale Securities Disclosures	'	'	'	'	'
Contractually required payments (principal and interest)	29,851	'	29,851	'	'
Cash flows expected to be collected	23,983	'	23,983	'	'
Recorded investment in acquired securities	15,896	'	15,896	'	'
Outstanding principal balance	16,883	'	16,883	'	14,741
Amortized cost	12,097	'	12,097	'	10,110
Fair value	13,489	'	13,489	'	11,338
Changes in activity for the accretable yield on PCI securities:	'	'	'	'	'
Balance, beginning of year	7,042	5,901	6,940	4,766	'
Newly purchased PCI securities	358	202	1,127	1,308	'
Disposals	0	0	0	-60	'
Accretion	-223	-187	-654	-517	'
Effect of changes in interest rate indices	-96	282	-327	388	'
Net reclassification from non-accretable difference, including effects of prepayments	30	405	25	718	'
Balance, end of year	$7,111	$6,603	$7,111	$6,603	'

INVESTMENTS_Details_Pledged_In

INVESTMENTS (Details - Pledged Investments) (USD $)	9 Months Ended	12 Months Ended
INVESTMENTS (Details - Pledged Investments) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Pledged Investments	'	'
Fair Value of securities pledged	$7,347,000,000	$8,878,000,000
Fair value of amount repledged	106,000,000	71,000,000
Total carrying values of cash and securities deposited under requirements of regulatory authorities or other insurance-related arrangements	6,200,000,000	6,700,000,000
FHLBs	'	'
Pledged Investments	'	'
Fair value of available for sale securities	530,000,000	80,000,000
Amount owned by subsidiaries	53,000,000	57,000,000
Secured financing	'	'
Pledged Investments	'	'
Fair value of available for sale securities	2,860,000,000	3,837,000,000
Fair Value of other securities	2,187,000,000	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 $)

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

In Millions, unless otherwise specified

Commercial mortgages

Life insurance policy loans

Commercial loans, other loans and notes receivable

California

New York

Composition of Mortgages and other loans receivable

Total mortgage and other loans receivable

$23,681

$21,077

$17,841

$16,195

$2,756

$2,830

$3,084

$2,052

Allowance for losses

-284

-312

-398

-405

-175

-201

-203

-159

Mortgage and other loans receivable, net

$23,397

$20,765

Percentage of mortgage loans in geographic area

14.00%

18.00%

16.00%

17.00%

LENDING_ACTIVITIES_Details_Cre

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

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

In Millions, unless otherwise specified

Apartments

Offices

Retail

Industrial

Hotel

Others

Commercial mortgages

loan

Credit quality indicators for commercial mortgage loans

Number of loans in good standing

973

978

Number of loans restructured

Number of loans 90 days or less delinquent

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

Number of Loans

985

995

In good standing

$3,231

$2,786

$5,390

$4,636

$3,868

$3,364

$1,718

$1,607

$1,469

$1,431

$1,784

$1,970

$17,460

$15,794

Restructured

285

210

327

354

90 days or less delinquent

Greater than 90 days delinquent or in process of foreclosure

Mortgage and other loans receivable, net

23,397

20,765

3,275

2,839

5,689

4,888

3,884

3,375

1,718

1,607

1,469

1,431

1,806

2,055

17,841

16,195

Allowance for losses

$284

$312

$398

$405

$10

$96

$109

$14

$20

$19

$30

$51

$175

$201

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

98.00%

Percentage restructured

2.00%

Percentage Total

100.00%

Percentage of loans with allowance for losses

1.00%

Percentage of current commercial mortgages held

99.00%

LENDING_ACTIVITIES_Details_All

LENDING ACTIVITIES (Details - Allowance for Loan Losses) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Changes in the allowance for losses on Mortgage and other loans receivable	'	'
Allowance, beginning of year	$312	$405
Loans charged off	-23	-42
Recoveries of loans previously charged off	16	9
Net charge-offs	-7	-33
Provision for loan losses	-22	31
Other	1	-5
Activity of discontinued operations	0	0
Allowance, end of period	284	398
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	-10	-5
Recoveries of loans previously charged off	0	3
Net charge-offs	-10	-2
Provision for loan losses	-16	47
Other	0	-1
Activity of discontinued operations	0	0
Allowance, end of period	175	203
Allowance related to individually assessed credit losses	86	102
Commercial mortgage loans	246	267
Other Loans	'	'
Changes in the allowance for losses on Mortgage and other loans receivable	'	'
Allowance, beginning of year	111	246
Loans charged off	-13	-37
Recoveries of loans previously charged off	16	6
Net charge-offs	3	-31
Provision for loan losses	-6	-16
Other	1	-4
Activity of discontinued operations	0	0
Allowance, end of period	$109	$195

VARIABLE_INTEREST_ENTITIES_Det

VARIABLE INTEREST ENTITIES (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Assets:	'	'
Bonds available for sale	$270,130,000,000	$261,930,000,000
Other bond securities	20,381,000,000	22,623,000,000
Mortgage and other loans receivable	23,397,000,000	20,765,000,000
Other invested assets	33,908,000,000	28,659,000,000
Real estate and investment funds	'	'
Liabilities:	'	'
Off-balance sheet exposure	60,200,000	50,800,000
Consolidated VIE	'	'
Assets:	'	'
Bonds available for sale	11,361,000,000	11,098,000,000
Other bond securities	8,081,000,000	8,310,000,000
Mortgage and other loans receivable	2,628,000,000	1,697,000,000
Other invested assets	3,016,000,000	3,628,000,000
Other assets	1,435,000,000	1,279,000,000
Total assets	26,521,000,000	26,012,000,000
Liabilities:	'	'
Long-term debt	1,788,000,000	994,000,000
Other liabilities	412,000,000	555,000,000
Total liabilities	2,200,000,000	1,549,000,000
Consolidated VIE \| Real estate and investment funds	'	'
Assets:	'	'
Other invested assets	586,000,000	849,000,000
Other assets	41,000,000	49,000,000
Total assets	627,000,000	898,000,000
Liabilities:	'	'
Long-term debt	69,000,000	71,000,000
Other liabilities	32,000,000	31,000,000
Total liabilities	101,000,000	102,000,000
Consolidated VIE \| Securitization vehicles	'	'
Assets:	'	'
Bonds available for sale	11,320,000,000	11,028,000,000
Other bond securities	7,375,000,000	7,449,000,000
Mortgage and other loans receivable	2,460,000,000	1,508,000,000
Other assets	697,000,000	481,000,000
Total assets	21,852,000,000	20,466,000,000
Liabilities:	'	'
Long-term debt	1,371,000,000	494,000,000
Other liabilities	91,000,000	74,000,000
Total liabilities	1,462,000,000	568,000,000
Investment-grade debt securities, loans and other assets	21,700,000,000	21,400,000,000
Consolidated VIE \| Structured investment vehicle	'	'
Assets:	'	'
Other bond securities	662,000,000	748,000,000
Other assets	90,000,000	93,000,000
Total assets	752,000,000	841,000,000
Liabilities:	'	'
Long-term debt	91,000,000	87,000,000
Other liabilities	0	'
Total liabilities	91,000,000	87,000,000
Consolidated VIE \| Affordable housing partnerships	'	'
Assets:	'	'
Other invested assets	1,725,000,000	1,986,000,000
Other assets	46,000,000	41,000,000
Total assets	1,771,000,000	2,027,000,000
Liabilities:	'	'
Long-term debt	184,000,000	188,000,000
Other liabilities	88,000,000	83,000,000
Total liabilities	272,000,000	271,000,000
Consolidated VIE \| Other	'	'
Assets:	'	'
Bonds available for sale	41,000,000	70,000,000
Other bond securities	44,000,000	113,000,000
Mortgage and other loans receivable	168,000,000	189,000,000
Other invested assets	705,000,000	793,000,000
Other assets	561,000,000	615,000,000
Total assets	1,519,000,000	1,780,000,000
Liabilities:	'	'
Long-term debt	73,000,000	154,000,000
Other liabilities	201,000,000	367,000,000
Total liabilities	274,000,000	521,000,000
Unconsolidated VIE	'	'
Assets:	'	'
Other invested assets	3,200,000,000	2,800,000,000
Total assets of unconsolidated VIEs as well as maximum exposure to loss	'	'
Total VIE Assets	21,281,000,000	18,758,000,000
Maximum Exposure to Loss, On-Balance Sheet	3,210,000,000	2,857,000,000
Maximum Exposure to Loss, Off-Balance Sheet	421,000,000	289,000,000
Total maximum exposure to loss	3,631,000,000	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	20,228,000,000	17,572,000,000
Maximum Exposure to Loss, On-Balance Sheet	2,741,000,000	2,343,000,000
Maximum Exposure to Loss, Off-Balance Sheet	421,000,000	289,000,000
Total maximum exposure to loss	3,162,000,000	2,632,000,000
Unconsolidated VIE \| Affordable housing partnerships	'	'
Total assets of unconsolidated VIEs as well as maximum exposure to loss	'	'
Total VIE Assets	438,000,000	478,000,000
Maximum Exposure to Loss, On-Balance Sheet	438,000,000	477,000,000
Total maximum exposure to loss	438,000,000	477,000,000
Unconsolidated VIE \| Other	'	'
Total assets of unconsolidated VIEs as well as maximum exposure to loss	'	'
Total VIE Assets	615,000,000	708,000,000
Maximum Exposure to Loss, On-Balance Sheet	31,000,000	37,000,000
Total maximum exposure to loss	$31,000,000	$37,000,000

DERIVATIVES_AND_HEDGE_ACCOUNTI2

DERIVATIVES AND HEDGE ACCOUNTING (Details - Notional amounts and fair values of derivative instruments) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	$105,068	$114,494
Gross Derivative Assets, Fair Value	4,162	4,326
Gross Derivative Liabilities, Notional Amount	93,503	92,063
Gross Derivative Liabilities, Fair Value	6,533	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	35,600	6,700
Gross Derivative Liabilities, Fair Value	1,023	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	327	'
Gross Derivative Assets, Fair Value	12	'
Gross Derivative Liabilities, Notional Amount	1,645	1,857
Gross Derivative Liabilities, Fair Value	164	190
Derivatives designated as hedging instruments \| Equity contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	99	'
Gross Derivative Assets, Fair Value	1	'
Gross Derivative Liabilities, Notional Amount	8	'
Gross Derivative Liabilities, Fair Value	1	'
Derivatives not designated as hedging instruments	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	104,642	114,494
Gross Derivative Assets, Fair Value	4,149	4,326
Gross Derivative Liabilities, Notional Amount	91,825	90,094
Gross Derivative Liabilities, Fair Value	6,367	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	47,090	50,897
Gross Derivative Assets, Fair Value	2,823	3,771
Gross Derivative Liabilities, Notional Amount	37,613	59,585
Gross Derivative Liabilities, Fair Value	2,783	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	13,965	1,774
Gross Derivative Assets, Fair Value	1,052	52
Gross Derivative Liabilities, Notional Amount	9,456	3,789
Gross Derivative Liabilities, Fair Value	1,339	129
Derivatives not designated as hedging instruments \| Equity contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	8,373	29,296
Gross Derivative Assets, Fair Value	220	413
Gross Derivative Liabilities, Notional Amount	38,420	9,840
Gross Derivative Liabilities, Fair Value	1,113	524
Derivatives not designated as hedging instruments \| Commodity contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	15	17
Gross Derivative Assets, Fair Value	0	1
Gross Derivative Liabilities, Notional Amount	12	13
Gross Derivative Liabilities, Fair Value	5	5
Derivatives not designated as hedging instruments \| Credit contracts	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Gross Derivative Assets, Notional Amount	30	70
Gross Derivative Assets, Fair Value	20	55
Gross Derivative Liabilities, Notional Amount	5,688	15,459
Gross Derivative Liabilities, Fair Value	1,038	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	35,169	32,440
Gross Derivative Assets, Fair Value	34	34
Gross Derivative Liabilities, Notional Amount	636	1,408
Gross Derivative Liabilities, Fair Value	89	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 $)	Sep. 30, 2014	Dec. 31, 2013
Notional amounts and fair values of AIG's derivative instruments	'	'
Derivative Assets, Notional Amount	$105,068,000,000	$114,494,000,000
Derivative Assets, Fair Value	4,162,000,000	4,326,000,000
Derivative Liabilities, Notional Amount	93,503,000,000	92,063,000,000
Derivative Liabilities, Fair Value	6,533,000,000	6,214,000,000
Derivative assets, Counterparty netting, Fair Value	-1,769,000,000	-1,734,000,000
Derivative assets, Cash collateral, Fair Value	-805,000,000	-820,000,000
Total derivative assets, net	1,588,000,000	1,772,000,000
Derivative liabilities, Counterparty netting, Fair Value	-1,769,000,000	-1,734,000,000
Derivative liabilities, Cash collateral, Fair Value	-1,186,000,000	-1,484,000,000
Total derivative liabilities, net	3,578,000,000	2,996,000,000
Less: Bifurcated embedded derivatives assets, fair value	0	107,000,000
Less: Bifurcated embedded derivative liabilities, fair value	1,076,000,000	485,000,000
Total derivative assets on consolidated balance sheet	1,588,000,000	1,665,000,000
Total derivative liabilities on consolidated balance sheet	2,502,000,000	2,511,000,000
Collateral	'	'
Collateral posted to third parties for derivative transactions	2,900,000,000	3,200,000,000
Collateral obtained from third parties for derivative transactions	1,000,000,000	1,000,000,000
Non-Global Capital Markets	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Derivative Assets, Notional Amount	49,307,000,000	60,021,000,000
Derivative Assets, Fair Value	523,000,000	795,000,000
Derivative Liabilities, Notional Amount	43,894,000,000	15,668,000,000
Derivative Liabilities, Fair Value	1,715,000,000	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	55,761,000,000	54,473,000,000
Derivative Assets, Fair Value	3,639,000,000	3,531,000,000
Derivative Liabilities, Notional Amount	49,609,000,000	76,395,000,000
Derivative Liabilities, Fair Value	4,818,000,000	5,012,000,000
Other Operations \| AIG Financial Products	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Derivative Assets, Notional Amount	30,619,000,000	41,942,000,000
Derivative Assets, Fair Value	2,331,000,000	2,567,000,000
Derivative Liabilities, Notional Amount	28,650,000,000	52,679,000,000
Derivative Liabilities, Fair Value	3,020,000,000	3,506,000,000
Other Operations \| AIG Markets	'	'
Notional amounts and fair values of AIG's derivative instruments	'	'
Derivative Assets, Notional Amount	25,142,000,000	12,531,000,000
Derivative Assets, Fair Value	1,308,000,000	964,000,000
Derivative Liabilities, Notional Amount	20,959,000,000	23,716,000,000
Derivative Liabilities, Fair Value	$1,798,000,000	$1,506,000,000

DERIVATIVES_AND_HEDGE_ACCOUNTI4

DERIVATIVES AND HEDGE ACCOUNTING (Details - Hedge Accounting) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Derivative instruments gain (loss):	'	'	'	'
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships	$0	$35	$107	$13
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	2	2	2
Gain (loss) recognized in earnings on hedged items	10	17	85	70
Amortization of debt basis adjustment following the discontinuation of hedge accounting	10	17	37	72
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	-76	-21	-20	-61
Gain (loss) recognized in earnings on hedged items	97	19	37	66
Gain (loss) recognized in earnings for amounts excluded from effectiveness testing	9	-2	-3	5
Amortization of debt basis adjustment following the discontinuation of hedge accounting	14	'	22	'
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	'	0	'
Gain (loss) recognized in earnings on hedged items	-2	'	-3	'
Derivatives designated as hedging instruments \| Equity contracts \| Fair value hedging	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	4	'	-10	'
Gain (loss) recognized in earnings on hedged items	-6	'	8	'
Gain (loss) recognized in earnings for amounts excluded from effectiveness testing	-2	'	-2	'
Derivatives not designated as hedging instruments	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	441	175	434	920
Derivatives not designated as hedging instruments \| Policy fees	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	74	56	210	149
Derivatives not designated as hedging instruments \| Net investment income	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	43	-7	69	22
Derivatives not designated as hedging instruments \| Net realized capital gains (losses)	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	13	200	-302	200
Derivatives not designated as hedging instruments \| Other income (losses)	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	309	-71	447	560
Derivatives not designated as hedging instruments \| Policyholder benefits and claims incurred	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	2	-3	10	-11
Derivatives not designated as hedging instruments \| Interest rate contracts	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	222	35	409	-250
Derivatives not designated as hedging instruments \| Foreign exchange contracts	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	253	-83	276	64
Derivatives not designated as hedging instruments \| Equity contracts	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	-151	158	-562	670
Embedded derivative gains (losses)	-64	266	-406	1,000
Derivatives not designated as hedging instruments \| Commodity contracts	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	-2	-1	-1	-3
Derivatives not designated as hedging instruments \| Credit contracts	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	75	52	229	365
Derivatives not designated as hedging instruments \| Other contracts	'	'	'	'
Derivative instruments gain (loss):	'	'	'	'
Gain (loss) recognized in earnings on derivatives	$44	$14	$83	$74

DERIVATIVES_AND_HEDGE_ACCOUNTI5

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

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Credit Risk-Related Contingent Features

Global Capital Markets (GCM) derivatives

Super Senior CDS

Written single name CDS

Arbitrage

Multi-sector CDOs

Corporate debt/CLOs

Credit derivatives:

Notional amount of credit risk derivatives

$5,484,000,000

$15,089,000,000

$2,769,000,000

$3,257,000,000

$2,715,000,000

$11,832,000,000

$205,000,000

$373,000,000

Fair Value of Derivative (Asset) Liability

995,000,000

1,277,000,000

989,000,000

1,249,000,000

6,000,000

28,000,000

Unrealized market valuation gain (loss) on credit derivatives

75,000,000

54,000,000

223,000,000

356,000,000

63,000,000

49,000,000

201,000,000

330,000,000

12,000,000

5,000,000

22,000,000

26,000,000

Additional amount paid for CDS terminated during period

59,000,000

Collateral posted

3,600,000,000

3,100,000,000

899,000,000

1,100,000,000

182,000,000

353,000,000

26,000,000

38,000,000

Notional amount of CDS written on super senior tranches of CLOs

790,000,000

1,000,000,000

Derivative weighted average maturity

'5 years

'3 years

Notional amount of CDS purchased offsets

30,000,000

50,000,000

Notional amount of single name CDS maximum exposure

175,000,000

323,000,000

Fair value of derivative liability

23,000,000

32,000,000

Aggregate fair value of net liability position

2,800,000,000

2,600,000,000

Additional collateral requirements, one-notch downgrade

48,000,000

Further additional collateral requirements, one-notch downgrade

190,000,000

Fair value of hybrid securities

6,100,000,000

6,400,000,000

Par value of hybrid securities

$12,100,000,000

$13,400,000,000

CONTINGENCIES_COMMITMENTS_AND_1

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

3 Months Ended

9 Months Ended

0 Months Ended

22 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

3 Months Ended

0 Months Ended

9 Months Ended

Sep. 30, 2014

Nov. 29, 2012

Apr. 08, 2013

Oct. 22, 2014

Jul. 15, 2014

Sep. 16, 2013

Mar. 20, 2009

Nov. 25, 2008

Sep. 30, 2014

Nov. 15, 2013

Mar. 11, 2013

Nov. 21, 2011

23-May-14

Oct. 29, 2013

Feb. 25, 2010

Sep. 30, 2014

23-May-14

Sep. 30, 2014

Sep. 30, 2012

Oct. 31, 2014

Sep. 30, 2014

Chartis U.S.

UGC

Consolidated 2008 Securities Litigation

ERISA Litigation II

Canadian Securities Class Action claim

Starr International Litigation

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

complaint

item

class

item

individual

multiple

FRBNY Credit Facility [Member]

complaint

MetLife

LITIGATION, INVESTIGATIONS AND REGULATORY MATTERS

Number of purported class action complaints

Number of similar actions

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

Damages sought, multiple of damages sustained

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

286,892

Number of purported classes

Payments for regulatory assessment

11,000,000

Settlement agreement, number of jurisdictions

Civil penalty paid

50,000,000

4,500,000

Payments for Legal Settlements

960,000,000

Cash settlement Amount

960,000,000

35,000,000

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

Realized gains on unwinding on a position

$196,000,000

CONTINGENCIES_COMMITMENTS_AND_2

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Long term purchase commitments) (USD $)	Sep. 30, 2014
In Billions, unless otherwise specified	Sep. 30, 2014
Other Commitments	'
Other Commitments	$2.50

CONTINGENCIES_COMMITMENTS_AND_3

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Legal Reserves) (Legal Reserve, USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014
Legal Reserve	'	'
Legal Reserves	'	'
Increase in legal reserve liability	$5	$503

CONTINGENCIES_COMMITMENTS_AND_4

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Guarantor Obligations) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
ALICO	'
Guarantees	'
Payments made or placed in escrow accounts at end of period	$19
Other Operations \| AIG Financial Products	'
Guarantees	'
Amount outstanding under standby letters of credit at end of period	238
Indemnifications \| ALICO	'
Guarantees	'
Various deductible amounts under indemnifications	$0

EQUITY_Details_Shares_Outstand

EQUITY (Details - Shares Outstanding) (USD $)

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

1 Months Ended

9 Months Ended

Sep. 25, 2014

Jun. 24, 2014

Mar. 25, 2014

Sep. 30, 2014

Jun. 05, 2014

Feb. 13, 2014

Aug. 01, 2013

Sep. 30, 2014

Oct. 31, 2014

Sep. 30, 2014

Oct. 31, 2014

Sep. 30, 2014

ASR

AIG

Common Stock Issued

Treasury Stock

ASR

Subsequent event

item

The following table presents a roll forward of outstanding shares:

Treasury Shares, beginning of year

-442,582,366

Shares, beginning of year

1,906,645,689

Shares, beginning of year

1,464,063,323

Shares issued - Issuance (in shares)

26,946

25,803

1,143

Shares repurchased

-60,317,318

-60,000,000

-60,317,318

Treasury Shares, end of period

-502,898,541

Shares, end of period

1,906,671,492

Shares, end of period

1,403,772,951

Dividend paid (in dollars per share)

$0.13

Aggregate repurchase authorization purchase amount

$2,000,000,000

$1,000,000,000

$1,500,000,000

Common stock authorized to be repurchased remaining amount

1,000,000

1,500,000,000

Aggregate purchase price of repurchased shares

3,400,000,000

Number of accelerated stock repurchase (ASR) agreements with third-party financial institutions

Percentage of share repurchased during share repurchase agreement

70.00%

Number of shares received from financial institution

27,000,000

Amount paid to financial institution

$1,700,000,000

Partial receipt of shares under an ASR agreement

8,800,000

Additional shares received from financial institution

3,900,000

EQUITY_Details_Rollforward_of_

EQUITY (Details - Rollforward of Accumulated other comprehensive income) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 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	-587	-871	5,116	-9,382
Change in unrealized appreciation (depreciation) of investments	123	-31	215	286
Changes in foreign currency translation adjustments	-120	-143	-149	-709
Less: Income tax expense (benefit)	412	535	-216	3,662
Deferred tax asset (liability)	-64	8	-41	-114
Deferred tax asset (liability)	419	437	-144	3,714
Deferred tax asset (liability)	42	94	-40	82
Deferred tax asset (liability)	15	-4	9	-20
Other comprehensive income (loss)	-181	-532	4,970	-6,088
Other comprehensive income (loss)	59	-23	174	172
Other comprehensive income (loss)	-168	-434	4,972	-5,668
Other comprehensive income (loss)	-78	-49	-189	-627
Other comprehensive income (loss)	6	-26	13	35
Balance, end of period, net of tax	11,331	'	11,331	'
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	'	'	6,598	-12,734
Change in deferred acquisition costs adjustment and other	'	'	-372	831
Change in future policy benefits	'	'	-895	2,807
Changes in foreign currency translation adjustments	'	'	-149	-709
Net actuarial gain (loss)	'	'	40	94
Prior service (cost) credit	'	'	-36	-39
Less: Income tax expense (benefit)	'	'	-216	3,662
Other comprehensive income (loss)	'	'	4,970	-6,088
Noncontrolling interests	'	'	-1	-23
Balance, end of period, net of tax	11,331	6,509	11,331	6,509
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	'	'	268	314
Change in deferred acquisition costs adjustment and other	'	'	61	-108
Change in future policy benefits	'	'	-114	80
Deferred tax asset (liability)	'	'	-41	-114
Other comprehensive income (loss)	'	'	174	172
Balance, end of period, net of tax	1,110	747	1,110	747
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	'	'	6,330	-13,048
Change in deferred acquisition costs adjustment and other	'	'	-433	939
Change in future policy benefits	'	'	-781	2,727
Deferred tax asset (liability)	'	'	-144	3,714
Other comprehensive income (loss)	'	'	4,972	-5,668
Noncontrolling interests	'	'	-1	-16
Balance, end of period, net of tax	11,762	7,794	11,762	7,794
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	'	'	-149	-709
Deferred tax asset (liability)	'	'	-40	82
Other comprehensive income (loss)	'	'	-189	-627
Noncontrolling interests	'	'	0	-7
Balance, end of period, net of tax	-1,141	-1,023	-1,141	-1,023
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)	'	'	40	94
Prior service (cost) credit	'	'	-36	-39
Deferred tax asset (liability)	'	'	9	-20
Other comprehensive income (loss)	'	'	13	35
Balance, end of period, net of tax	($400)	($1,009)	($400)	($1,009)

EQUITY_Details_Other_comprehen

EQUITY (Details - Other comprehensive income reclassification adjustments) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than-Temporary Credit Impairments Were Taken	'	'	'	'
Unrealized change arising during period	$132	($30)	$242	$342
Less: Reclassification adjustments included in net income	9	1	27	56
Total other comprehensive income (loss), before income tax expense (benefit)	123	-31	215	286
Less: Income tax expense (benefit)	64	-8	41	114
Total other comprehensive income (loss), net of income tax expense (benefit)	59	-23	174	172
Unrealized Appreciation (Depreciation) of All Other Investments	'	'	'	'
Unrealized change arising during period	-575	-652	5,522	-8,784
Less: Reclassification adjustments included in net income	12	219	406	598
Total other comprehensive income (loss), before income tax expense (benefit)	-587	-871	5,116	-9,382
Less: Income tax expense (benefit)	-419	-437	144	-3,714
Total other comprehensive income (loss), net of income tax expense (benefit)	-168	-434	4,972	-5,668
Foreign Currency Translation Adjustments	'	'	'	'
Unrealized change arising during period	-120	-143	-149	-709
Total other comprehensive income (loss), before income tax expense (benefit)	-120	-143	-149	-709
Less: Income tax expense (benefit)	-42	-94	40	-82
Total other comprehensive income (loss), net of income tax expense (benefit)	-78	-49	-189	-627
Net Derivative Gains (Losses) Arising from Cash Flow Hedging Activities	'	'	'	'
Total other comprehensive income (loss), net of income tax expense (benefit)	0	0	0	0
Change in Retirement Plan Liabilities Adjustment	'	'	'	'
Unrealized change arising during period	-8	-44	3	-18
Less: Reclassification adjustments included in net income	1	-22	-1	-73
Total other comprehensive income (loss), before income tax expense (benefit)	-9	-22	4	55
Less: Income tax expense (benefit)	-15	4	-9	20
Total other comprehensive income (loss), net of income tax expense (benefit)	6	-26	13	35
Other Comprehensive Income (Loss) Reclassification Adjustments	'	'	'	'
Unrealized change arising during period	-571	-869	5,618	-9,169
Less: Reclassification adjustments included in net income	22	198	432	581
Total other comprehensive income (loss), before income tax expense (benefit)	-593	-1,067	5,186	-9,750
Less: Income tax expense (benefit)	-412	-535	216	-3,662
Other comprehensive income (loss)	($181)	($532)	$4,970	($6,088)

EQUITY_Details_Reclassificatio

EQUITY (Details - Reclassification of significant items out of Accumulated other comprehensive income) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Reclassification of significant items out of Accumulated Other Comprehensive Income	'	'	'	'
Other realized capital gains	$505	$291	$495	$2,250
Amortization of deferred acquisition costs	1,288	1,220	3,989	3,859
Policyholder benefits and claims incurred	7,203	7,416	20,771	22,234
Amount Reclassified from Accumulated Other Comprehensive Income	'	'	'	'
Reclassification of significant items out of Accumulated Other Comprehensive Income	'	'	'	'
Total reclassifications for the period	22	198	432	581
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized \| Amount Reclassified from Accumulated Other Comprehensive Income	'	'	'	'
Reclassification of significant items out of Accumulated Other Comprehensive Income	'	'	'	'
Other realized capital gains	9	1	27	56
Total reclassifications for the period	9	1	27	56
Unrealized appreciation (depreciation) of all other investments \| Amount Reclassified from Accumulated Other Comprehensive Income	'	'	'	'
Reclassification of significant items out of Accumulated Other Comprehensive Income	'	'	'	'
Other realized capital gains	117	501	528	2,093
Amortization of deferred acquisition costs	-40	-39	-35	-33
Policyholder benefits and claims incurred	-65	-243	-87	-1,462
Total reclassifications for the period	12	219	406	598
Change in retirement plan liabilities adjustment \| Amount Reclassified from Accumulated Other Comprehensive Income	'	'	'	'
Reclassification of significant items out of Accumulated Other Comprehensive Income	'	'	'	'
Prior-service costs	11	13	35	35
Actuarial gains/(losses)	-10	-35	-36	-108
Total reclassifications for the period	$1	($22)	($1)	($73)

NONCONTROLLING_INTERESTS_Detai

NONCONTROLLING INTERESTS (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
A rollforward of noncontrolling interests	'	'	'	'	'
Balance, beginning of year	'	'	$611	'	'
Contributions from noncontrolling interests	'	'	13	25	'
Other comprehensive income (loss), net of tax:	'	'	'	'	'
Total other comprehensive income (loss), net of tax	11,331	'	11,331	'	6,360
Total comprehensive income (loss) attributable to noncontrolling interests	8	-42	-26	-11	'
Balance, end of period	402	'	402	'	'
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	-153	'
Consolidation (deconsolidation)	'	'	-31	-146	'
Comprehensive income (loss):	'	'	'	'	'
Net income (loss)	'	'	0	0	'
Other comprehensive income (loss), net of tax:	'	'	'	'	'
Unrealized gains (losses) on investments	'	'	0	-15	'
Foreign currency translation adjustments	'	-2	'	-2	'
Total other comprehensive income (loss), net of tax	0	-17	0	-17	'
Total comprehensive income (loss) attributable to noncontrolling interests	'	'	0	-17	'
Other	'	'	'	0	'
Balance, end of period	0	66	0	66	'
Non-redeemable Noncontrolling interests	'	'	'	'	'
A rollforward of noncontrolling interests	'	'	'	'	'
Balance, beginning of year	'	'	611	667	'
Contributions from noncontrolling interests	'	'	13	25	'
Distributions to noncontrolling interests	'	'	-78	-37	'
Consolidation (deconsolidation)	'	'	-123	1	'
Comprehensive income (loss):	'	'	'	'	'
Net income (loss)	'	'	-25	12	'
Other comprehensive income (loss), net of tax:	'	'	'	'	'
Unrealized gains (losses) on investments	'	'	-1	0	'
Foreign currency translation adjustments	'	-6	'	-6	'
Total other comprehensive income (loss), net of tax	-1	-6	-1	-6	'
Total comprehensive income (loss) attributable to noncontrolling interests	'	'	-26	6	'
Other	'	'	5	-6	'
Balance, end of period	$402	$656	$402	$656	'

EARNINGS_PER_SHARE_EPS_Details

EARNINGS PER SHARE (EPS) (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Numerator for EPS:	'	'	'	'
Income (loss) from continuing operations	$2,199	$2,148	$6,864	$7,046
Net income (loss) from continuing operations attributable to noncontrolling interests	9	-40	-25	12
Income (loss) attributable to AIG common shareholders from continuing operations	2,190	2,188	6,889	7,034
Income (loss) from discontinued operations, net of income tax expense	2	-18	-15	73
Net income (loss) attributable to AIG common shareholders	$2,192	$2,170	$6,874	$7,107
Denominator for EPS:	'	'	'	'
Weighted average shares outstanding - basic	1,419,239,774	1,475,053,126	1,440,148,774	1,476,007,034
Dilutive shares	22,828,068	10,269,732	19,334,459	5,403,839
Weighted average shares outstanding - diluted	1,442,067,842	1,485,322,858	1,459,483,233	1,481,410,873
Basic:	'	'	'	'
Income from continuing operations	$1.54	$1.48	$4.78	$4.77
Income (loss) from discontinued operations	$0	($0.01)	($0.01)	$0.05
Net Income (loss) attributable to AIG - basic (in dollars per share)	$1.54	$1.47	$4.77	$4.82
Diluted:	'	'	'	'
Income from continuing operations	$1.52	$1.47	$4.72	$4.75
Income (loss) from discontinued operations	$0	($0.01)	($0.01)	$0.05
Net Income (loss) attributable to AIG - diluted (in dollars per share)	$1.52	$1.46	$4.71	$4.80
Number of shares, warrants, and options excluded from diluted shares outstanding because the effect would have been anti-dilutive	0	400,000	300,000	51,000,000

EMPLOYEE_BENEFITS_Details

EMPLOYEE BENEFITS (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Pensions	'	'	'	'
Components of net periodic benefit cost:	'	'	'	'
Service cost	$53	$83	$162	$195
Interest cost	64	60	193	173
Expected return on assets	-79	-68	-232	-207
Amortization of prior service (credit) cost	-9	-9	-27	-27
Amortization of net (gain) loss	11	43	37	115
Net periodic benefit cost	40	109	133	249
Contributed to pension plans	'	'	163	'
Estimates additional contribution to pension plans for the remainder of 2014	'	'	14	'
U.S. Pension Plans	'	'	'	'
Components of net periodic benefit cost:	'	'	'	'
Service cost	42	71	130	159
Interest cost	57	53	171	151
Expected return on assets	-73	-64	-215	-193
Amortization of prior service (credit) cost	-8	-8	-25	-25
Amortization of net (gain) loss	9	40	31	106
Net periodic benefit cost	27	92	92	198
Non U.S. Pension Plans	'	'	'	'
Components of net periodic benefit cost:	'	'	'	'
Service cost	11	12	32	36
Interest cost	7	7	22	22
Expected return on assets	-6	-4	-17	-14
Amortization of prior service (credit) cost	-1	-1	-2	-2
Amortization of net (gain) loss	2	3	6	9
Net periodic benefit cost	13	17	41	51
Postretirement Plans	'	'	'	'
Components of net periodic benefit cost:	'	'	'	'
Service cost	1	2	4	7
Interest cost	3	2	9	7
Expected return on assets	0	0	0	0
Amortization of prior service (credit) cost	-3	-3	-8	-8
Amortization of net (gain) loss	0	1	0	0
Net periodic benefit cost	1	0	5	6
U.S. Postretirement Plans	'	'	'	'
Components of net periodic benefit cost:	'	'	'	'
Service cost	1	1	3	4
Interest cost	2	2	7	6
Expected return on assets	0	0	0	0
Amortization of prior service (credit) cost	-3	-3	-8	-8
Amortization of net (gain) loss	0	-1	0	0
Net periodic benefit cost	0	-1	2	2
Non U.S. Postretirement Plans	'	'	'	'
Components of net periodic benefit cost:	'	'	'	'
Service cost	0	1	1	3
Interest cost	1	0	2	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	$1	$3	$4

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended		9 Months Ended
INCOME TAXES (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Income tax expense (benefit):	'	'	'	'	'
Effective tax rates on income from continuing operations (as a percent)	27.20%	-82.30%	29.80%	2.40%	'
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	$206,000,000	'	$1,811,000,000	'	'
Deferred tax asset valuation allowance allocated to income from continuing operations	22,000,000	'	161,000,000	'	'
Deferred tax asset valuation allowance allocated to other comprehensive income	184,000,000	'	1,650,000,000	'	'
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	'	'	($64,000,000)	($45,000,000)	'
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 $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Assets:	'	'	'	'
Short-term investments	$17,852,000,000	$21,617,000,000	'	'
Other investments	348,582,000,000	334,811,000,000	'	'
Total investments	366,434,000,000	356,428,000,000	'	'
Cash	1,933,000,000	2,241,000,000	2,058,000,000	1,151,000,000
Other assets, including deferred income taxes	158,823,000,000	153,124,000,000	'	'
Assets held-for-sale	0	29,536,000,000	'	'
Total assets	527,190,000,000	541,329,000,000	'	'
Liabilities:	'	'	'	'
Insurance liabilities	273,262,000,000	271,252,000,000	'	'
Long-term debt	36,223,000,000	41,693,000,000	'	'
Other liabilities, including intercompany balances	108,722,000,000	102,725,000,000	'	'
Liabilities held-for-sale	0	24,548,000,000	'	'
Total liabilities	418,207,000,000	440,218,000,000	'	'
Redeemable noncontrolling interests (see Note 12)	0	30,000,000	'	'
Total AIG shareholders' equity	108,581,000,000	100,470,000,000	'	'
Non-redeemable noncontrolling interests	402,000,000	611,000,000	'	'
Total equity`	108,983,000,000	101,081,000,000	99,449,000,000	98,669,000,000
Total liabilities and equity	527,190,000,000	541,329,000,000	'	'
AIG (As Guarantor)	'	'	'	'
Assets:	'	'	'	'
Short-term investments	9,290,000,000	11,965,000,000	'	'
Other investments	11,785,000,000	7,561,000,000	'	'
Total investments	21,075,000,000	19,526,000,000	'	'
Cash	112,000,000	30,000,000	62,000,000	81,000,000
Loans to subsidiaries	33,081,000,000	31,220,000,000	'	'
Investment in consolidated subsidiaries	67,156,000,000	66,201,000,000	'	'
Other assets, including deferred income taxes	23,939,000,000	21,606,000,000	'	'
Total assets	145,363,000,000	138,583,000,000	'	'
Liabilities:	'	'	'	'
Long-term debt	25,613,000,000	30,839,000,000	'	'
Other liabilities, including intercompany balances	9,852,000,000	6,422,000,000	'	'
Loans from subsidiaries	1,317,000,000	852,000,000	'	'
Total liabilities	36,782,000,000	38,113,000,000	'	'
Total AIG shareholders' equity	108,581,000,000	100,470,000,000	'	'
Total equity`	108,581,000,000	100,470,000,000	'	'
Total liabilities and equity	145,363,000,000	138,583,000,000	'	'
Intercompany tax payable	3,300,000,000	1,400,000,000	'	'
Intercompany derivative liabilities	302,000,000	249,000,000	'	'
AIGLH	'	'	'	'
Assets:	'	'	'	'
Cash	9,000,000	51,000,000	5,000,000	73,000,000
Investment in consolidated subsidiaries	38,647,000,000	39,103,000,000	'	'
Other assets, including deferred income taxes	725,000,000	112,000,000	'	'
Total assets	39,381,000,000	39,266,000,000	'	'
Liabilities:	'	'	'	'
Long-term debt	1,132,000,000	1,352,000,000	'	'
Other liabilities, including intercompany balances	708,000,000	161,000,000	'	'
Loans from subsidiaries	0	200,000,000	'	'
Liabilities held-for-sale	0	'	'	'
Total liabilities	1,840,000,000	1,713,000,000	'	'
Total AIG shareholders' equity	37,541,000,000	37,553,000,000	'	'
Total equity`	37,541,000,000	37,553,000,000	'	'
Total liabilities and equity	39,381,000,000	39,266,000,000	'	'
Intercompany tax receivable (payable)	83,000,000	98,000,000	'	'
Other Subsidiaries	'	'	'	'
Assets:	'	'	'	'
Short-term investments	8,930,000,000	11,404,000,000	'	'
Other investments	336,797,000,000	327,250,000,000	'	'
Total investments	345,727,000,000	338,654,000,000	'	'
Cash	1,812,000,000	2,160,000,000	'	'
Loans to subsidiaries	630,000,000	854,000,000	'	'
Other assets, including deferred income taxes	138,999,000,000	132,492,000,000	'	'
Assets held-for-sale	0	29,536,000,000	'	'
Total assets	487,168,000,000	503,696,000,000	'	'
Liabilities:	'	'	'	'
Insurance liabilities	273,262,000,000	271,252,000,000	'	'
Long-term debt	9,478,000,000	9,502,000,000	'	'
Other liabilities, including intercompany balances	103,401,000,000	98,908,000,000	'	'
Loans from subsidiaries	32,475,000,000	31,173,000,000	'	'
Liabilities held-for-sale	0	24,548,000,000	'	'
Total liabilities	418,616,000,000	435,383,000,000	'	'
Redeemable noncontrolling interests (see Note 12)	0	30,000,000	'	'
Total AIG shareholders' equity	68,150,000,000	67,672,000,000	'	'
Non-redeemable noncontrolling interests	402,000,000	611,000,000	'	'
Total equity`	68,552,000,000	68,283,000,000	'	'
Total liabilities and equity	487,168,000,000	503,696,000,000	'	'
Reclassifications and Eliminations	'	'	'	'
Assets:	'	'	'	'
Short-term investments	-368,000,000	-1,752,000,000	'	'
Total investments	-368,000,000	-1,752,000,000	'	'
Loans to subsidiaries	-33,711,000,000	-32,074,000,000	'	'
Investment in consolidated subsidiaries	-105,803,000,000	-105,304,000,000	'	'
Other assets, including deferred income taxes	-4,840,000,000	-1,086,000,000	'	'
Total assets	-144,722,000,000	-140,216,000,000	'	'
Liabilities:	'	'	'	'
Other liabilities, including intercompany balances	-5,239,000,000	-2,766,000,000	'	'
Loans from subsidiaries	-33,792,000,000	-32,225,000,000	'	'
Total liabilities	-39,031,000,000	-34,991,000,000	'	'
Total AIG shareholders' equity	-105,691,000,000	-105,225,000,000	'	'
Total equity`	-105,691,000,000	-105,225,000,000	'	'
Total liabilities and equity	($144,722,000,000)	($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		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues:	'	'	'	'
Equity in earnings of consolidated subsidiaries	$0	$0	$0	$0
Other income	16,654	15,944	48,871	51,332
Total revenues	16,654	15,944	48,871	51,332
Expenses:	'	'	'	'
Interest expense	430	516	1,372	1,628
Other expenses	12,463	14,169	36,713	42,027
Loss on extinguishment of debt	742	81	1,014	459
Total benefits, claims and expenses	13,635	14,766	39,099	44,114
Income (loss) from continuing operations before income tax expense (benefit)	3,019	1,178	9,772	7,218
Income tax expense (benefit)	820	-970	2,908	172
Income (loss) from continuing operations	2,199	2,148	6,864	7,046
Income (loss) from discontinued operations, net of income tax	2	-18	-15	73
Net income (loss)	2,201	2,130	6,849	7,119
Net income (loss) from continuing operations attributable to noncontrolling interests	9	-40	-25	12
Net income (loss) attributable to AIG	2,192	2,170	6,874	7,107
AIG (As Guarantor)	'	'	'	'
Revenues:	'	'	'	'
Equity in earnings of consolidated subsidiaries	2,661	1,992	8,149	6,257
Other income	615	64	1,094	1,031
Total revenues	3,276	2,056	9,243	7,288
Expenses:	'	'	'	'
Interest expense	378	465	1,210	1,475
Other expenses	284	668	1,310	1,261
Loss on extinguishment of debt	682	81	987	388
Total benefits, claims and expenses	1,344	1,214	3,507	3,124
Income (loss) from continuing operations before income tax expense (benefit)	1,932	842	5,736	4,164
Income tax expense (benefit)	-261	-1,328	-1,137	-2,946
Income (loss) from continuing operations	2,193	2,170	6,873	7,110
Income (loss) from discontinued operations, net of income tax	-1	0	1	-3
Net income (loss)	2,192	2,170	6,874	7,107
Net income (loss) from continuing operations attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to AIG	2,192	2,170	6,874	7,107
AIGLH	'	'	'	'
Revenues:	'	'	'	'
Equity in earnings of consolidated subsidiaries	1,315	1,368	2,789	2,792
Other income	0	1	0	1
Total revenues	1,315	1,369	2,789	2,793
Expenses:	'	'	'	'
Interest expense	22	29	80	97
Other expenses	61	3	79	74
Loss on extinguishment of debt	0	0	0	0
Total benefits, claims and expenses	83	32	159	171
Income (loss) from continuing operations before income tax expense (benefit)	1,232	1,337	2,630	2,622
Income tax expense (benefit)	-33	-13	-54	-27
Income (loss) from continuing operations	1,265	1,350	2,684	2,649
Income (loss) from discontinued operations, net of income tax	0	0	0	0
Net income (loss)	1,265	1,350	2,684	2,649
Net income (loss) from continuing operations attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to AIG	1,265	1,350	2,684	2,649
Other Subsidiaries	'	'	'	'
Revenues:	'	'	'	'
Equity in earnings of consolidated subsidiaries	0	0	0	0
Other income	16,118	15,984	48,040	50,558
Total revenues	16,118	15,984	48,040	50,558
Expenses:	'	'	'	'
Interest expense	62	59	180	177
Other expenses	12,153	13,529	35,439	40,780
Loss on extinguishment of debt	60	0	77	71
Total benefits, claims and expenses	12,275	13,588	35,696	41,028
Income (loss) from continuing operations before income tax expense (benefit)	3,843	2,396	12,344	9,530
Income tax expense (benefit)	1,117	384	4,121	3,162
Income (loss) from continuing operations	2,726	2,012	8,223	6,368
Income (loss) from discontinued operations, net of income tax	3	-18	-16	76
Net income (loss)	2,729	1,994	8,207	6,444
Net income (loss) from continuing operations attributable to noncontrolling interests	9	-40	-25	12
Net income (loss) attributable to AIG	2,720	2,034	8,232	6,432
Reclassifications and Eliminations	'	'	'	'
Revenues:	'	'	'	'
Equity in earnings of consolidated subsidiaries	-3,976	-3,360	-10,938	-9,049
Other income	-79	-105	-263	-258
Total revenues	-4,055	-3,465	-11,201	-9,307
Expenses:	'	'	'	'
Interest expense	-32	-37	-98	-121
Other expenses	-35	-31	-115	-88
Loss on extinguishment of debt	0	0	-50	0
Total benefits, claims and expenses	-67	-68	-263	-209
Income (loss) from continuing operations before income tax expense (benefit)	-3,988	-3,397	-10,938	-9,098
Income tax expense (benefit)	-3	-13	-22	-17
Income (loss) from continuing operations	-3,985	-3,384	-10,916	-9,081
Income (loss) from discontinued operations, net of income tax	0	0	0	0
Net income (loss)	-3,985	-3,384	-10,916	-9,081
Net income (loss) from continuing operations attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to AIG	($3,985)	($3,384)	($10,916)	($9,081)

INFORMATION_PROVIDED_IN_CONNEC4

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Comprehensive Income) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONDENSED FINANCIAL STATEMENTS	'	'	'	'
Net income (loss)	$2,201	$2,130	$6,849	$7,119
Other comprehensive income (loss)	-181	-532	4,970	-6,088
Comprehensive income (loss)	2,020	1,598	11,819	1,031
Total comprehensive income (loss) attributable to noncontrolling interests	8	-42	-26	-11
Comprehensive income (loss) attributable to AIG	2,012	1,640	11,845	1,042
AIG (As Guarantor)	'	'	'	'
CONDENSED FINANCIAL STATEMENTS	'	'	'	'
Net income (loss)	2,192	2,170	6,874	7,107
Other comprehensive income (loss)	-180	-530	4,971	-6,065
Comprehensive income (loss)	2,012	1,640	11,845	1,042
Total comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to AIG	2,012	1,640	11,845	1,042
AIGLH	'	'	'	'
CONDENSED FINANCIAL STATEMENTS	'	'	'	'
Net income (loss)	1,265	1,350	2,684	2,649
Other comprehensive income (loss)	-259	-299	2,522	-4,289
Comprehensive income (loss)	1,006	1,051	5,206	-1,640
Total comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to AIG	1,006	1,051	5,206	-1,640
Other Subsidiaries	'	'	'	'
CONDENSED FINANCIAL STATEMENTS	'	'	'	'
Net income (loss)	2,729	1,994	8,207	6,444
Other comprehensive income (loss)	-1,885	-498	1,848	-6,125
Comprehensive income (loss)	844	1,496	10,055	319
Total comprehensive income (loss) attributable to noncontrolling interests	8	-42	-26	-11
Comprehensive income (loss) attributable to AIG	836	1,538	10,081	330
Reclassifications and Eliminations	'	'	'	'
CONDENSED FINANCIAL STATEMENTS	'	'	'	'
Net income (loss)	-3,985	-3,384	-10,916	-9,081
Other comprehensive income (loss)	2,143	795	-4,371	10,391
Comprehensive income (loss)	-1,842	-2,589	-15,287	1,310
Total comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to AIG	($1,842)	($2,589)	($15,287)	$1,310

INFORMATION_PROVIDED_IN_CONNEC5

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Cash Flows) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CONDENSED FINANCIAL STATEMENTS	'	'
Net cash provided by (used in) operating activities	$4,357	$3,948
Cash flows from investing activities:	'	'
Sales of investments	46,561	58,874
Purchase of investments	-43,081	-60,842
Loans to subsidiaries - net	0	0
Contributions to subsidiaries - net	0	0
Net change in restricted cash	-660	1,251
Net change in short-term investments	2,342	8,114
Other, net	-295	-879
Net cash provided by investing activities	4,867	6,518
Cash flows from financing activities:	'	'
Issuance of long-term debt	5,827	3,633
Repayments of long-term debt	-11,561	-11,355
Purchase of Common Stock	-3,403	-192
Intercompany loans - net	'	0
Cash dividends paid to shareholders	-539	-147
Other, net	75	-1,411
Net cash used in financing activities	-9,601	-9,472
Effect of exchange rate changes on cash	-19	-79
Change in cash	-396	915
Cash at beginning of year	2,241	1,151
Reclassification to assets held for sale	88	-8
Cash at end of period	1,933	2,058
Interest:	'	'
Third party	-2,496	-2,951
Taxes:	'	'
Income tax authorities	-614	-378
AIG (As Guarantor)	'	'
CONDENSED FINANCIAL STATEMENTS	'	'
Net cash provided by (used in) operating activities	7,228	3,078
Cash flows from investing activities:	'	'
Sales of investments	2,032	1,065
Purchase of investments	-1,257	-4,981
Loans to subsidiaries - net	-1,687	3,491
Contributions to subsidiaries - net	77	-240
Net change in restricted cash	-5	428
Net change in short-term investments	2,947	2,552
Other, net	-61	194
Net cash provided by investing activities	2,046	2,509
Cash flows from financing activities:	'	'
Issuance of long-term debt	2,489	1,020
Repayments of long-term debt	-7,368	-5,866
Purchase of Common Stock	-3,403	-192
Intercompany loans - net	-47	-89
Cash dividends paid to shareholders	-539	-147
Other, net	-324	-332
Net cash used in financing activities	-9,192	-5,606
Effect of exchange rate changes on cash	0	0
Change in cash	82	-19
Cash at beginning of year	30	81
Reclassification to assets held for sale	0	'
Cash at end of period	112	62
Interest:	'	'
Third party	-1,238	-1,473
Intercompany	-1	-9
Taxes:	'	'
Income tax authorities	-18	-160
Intercompany	1,348	1,116
Non-cash financing and investing activities:	'	'
Capital contributions to subsidiaries through forgiveness of loans	993	341
Other capital contributions - net	0	523
AIGLH	'	'
CONDENSED FINANCIAL STATEMENTS	'	'
Net cash provided by (used in) operating activities	4,333	3,082
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	-165	-245
Purchase of Common Stock	0	0
Intercompany loans - net	-279	-205
Cash dividends paid to shareholders	-3,931	-2,699
Other, net	0	0
Net cash used in financing activities	-4,375	-3,149
Effect of exchange rate changes on cash	0	0
Change in cash	-42	-68
Cash at beginning of year	51	73
Reclassification to assets held for sale	0	'
Cash at end of period	9	5
Interest:	'	'
Third party	-87	-98
Intercompany	-7	-21
Taxes:	'	'
Income tax authorities	0	0
Intercompany	0	-78
Other Subsidiaries and Eliminations	'	'
CONDENSED FINANCIAL STATEMENTS	'	'
Net cash provided by (used in) operating activities	-7,204	-2,212
Cash flows from investing activities:	'	'
Sales of investments	44,529	57,809
Purchase of investments	-41,824	-55,861
Loans to subsidiaries - net	1,687	-3,491
Contributions to subsidiaries - net	-77	241
Net change in restricted cash	-655	823
Net change in short-term investments	-605	5,562
Other, net	-234	-1,073
Net cash provided by investing activities	2,821	4,010
Cash flows from financing activities:	'	'
Issuance of long-term debt	3,338	2,613
Repayments of long-term debt	-4,028	-5,244
Purchase of Common Stock	0	0
Intercompany loans - net	326	294
Cash dividends paid to shareholders	3,931	2,699
Other, net	399	-1,079
Net cash used in financing activities	3,966	-717
Effect of exchange rate changes on cash	-19	-79
Change in cash	-436	1,002
Cash at beginning of year	2,160	997
Reclassification to assets held for sale	88	-8
Cash at end of period	1,812	1,991
Interest:	'	'
Third party	-1,171	-1,380
Intercompany	8	30
Taxes:	'	'
Income tax authorities	-596	-218
Intercompany	($1,348)	($1,038)

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Jun. 05, 2014

Feb. 13, 2014

Aug. 01, 2013

Sep. 30, 2014

Oct. 22, 2014

Nov. 03, 2014

Oct. 31, 2014

Nov. 03, 2014

Oct. 31, 2014

Oct. 22, 2014

Oct. 27, 2014

Oct. 15, 2014

Sep. 30, 2014

Common Stock

Consolidated 2008 Securities Litigation [Member]

Subsequent event

Common Stock

Consolidated 2008 Securities Litigation [Member]

Senior Notes due 2018

Senior Notes due 2044

Junior Subordinated Debentures

Medium Term Notes

Subsequent events

Aggregate principal amount of debt redeemed

$2,000,000,000

Aggregate principal amount of debt issued

750,000,000

Debt instruments aggregate purchase price redemptions and repurchases

5,100,000,000

Interest rate (as a percent)

8.25%

4.50%

8.18%

5.45%

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

$0.13

$0.10

$0.38

$0.10

$0.13

Amount of debt repurchased

2,000,000,000

1,600,000,000

405,000,000

Common stock authorized to be repurchased remaining amount

1,000,000

1,500,000,000

Increase in aggregate repurchase authorization purchase amount

2,000,000,000

1,000,000,000

1,500,000,000

Payments for Legal Settlements

$960,000,000