American International (AIG) 10-Q 3 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 30, 2017
Document and Entity Information
Entity Registrant Name	AMERICAN INTERNATIONAL GROUP INC
Entity Central Index Key	5,272
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		898,959,371
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Fixed maturity securities:
Bonds available for sale, at fair value (amortized cost: 2017 - $224,143; 2016 - $232,241)	$ 237,771	$ 241,537
Other bond securities, at fair value (See Note 6)	12,653	13,998
Equity Securities:
Common and preferred stock available for sale, at fair value (cost: 2017 - $1,274; 2016 - $1,697)	1,707	2,078
Other common and preferred stock, at fair value (See Note 6)	538	482
Mortgage and other loans receivable, net of allowance (portion measured at fair value: 2017 - $5; 2016 - $11)	36,089	33,240
Other invested assets (portion measured at fair value: 2017 - $6,503; 2016 - $6,946)	22,590	24,538
Short-term investments (portion measured at fair value: 2017 - $2,603; 2016 - $3,341)	9,775	12,302
Total investments	321,123	328,175
Cash	2,433	1,868
Accrued investment income	2,416	2,495
Premiums and other receivables, net of allowance	11,156	10,465
Reinsurance assets, net of allowance	34,429	21,901
Deferred income taxes	20,954	21,332
Deferred policy acquisition costs	10,938	11,042
Other assets, including restricted cash of $219 in 2017 and $193 in 2016 (portion measured at fair value: 2017 - $900; 2016 - $1,809)	10,324	10,815
Separate account assets, at fair value	89,300	82,972
Assets held for sale	0	7,199
Total assets	503,073	498,264
Liabilities:
Liability for unpaid losses and loss adjustment expenses	80,087	77,077
Unearned premiums	20,135	19,634
Future policy benefits for life and accident and health insurance contracts	44,055	42,204
Policyholder contract deposits (portion measured at fair value: 2017 - $3,988; 2016 - $3,058)	134,514	132,216
Other policyholder funds (portion measured at fair value: 2017 - $0; 2016 - $5)	3,678	3,989
Other liabilities (portion measured at fair value: 2017 - $1,220; 2016 - $2,016)	27,253	26,296
Long-term debt (portion measured at fair value: 2017 - $2,998; 2016 - $3,428)	31,039	30,912
Separate account liabilities	89,300	82,972
Liabilities held for sale	0	6,106
Total liabilities	430,061	421,406
Contingencies, commitments and guarantees (see Note 11)
AIG shareholders' equity:
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2017 - 1,906,671,492 and 2016 - 1,906,671,492	4,766	4,766
Treasury stock, at cost; 2017 - 1,007,791,405 shares; 2016 - 911,335,651 shares of common stock	(47,602)	(41,471)
Additional paid-in capital	80,976	81,064
Retained earnings	28,389	28,711
Accumulated other comprehensive income (loss)	5,939	3,230
Total AIG shareholders' equity	72,468	76,300
Non-redeemable noncontrolling interests	544	558
Total equity	73,012	76,858
Total liabilities and equity	$ 503,073	$ 498,264

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical - assets and liabilities) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Assets:
Bonds available for sale, amortized cost	$ 224,143	$ 232,241
Common and preferred stock available for sale, cost	1,274	1,697
Mortgage and other loans receivable, portion measured at fair value	5	11
Other invested assets, portion measured at fair value	6,503	6,946
Short-term investments, portion measured at fair value	2,603	3,341
Other assets, restricted cash	219	193
Other assets, portion measured at fair value	900	1,809
Liabilities:
Policyholder contract deposits, portion measured at fair value	3,988	3,058
Other policyholder funds, portion measured at fair value	0	5
Other liabilities, portion measured at fair value	1,220	2,016
Long-term debt, portion measured at fair value	$ 2,998	$ 3,428

CONSOLIDATED BALANCE SHEETS (P4

CONSOLIDATED BALANCE SHEETS (Parenthetical - equity) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
AIG shareholders' equity:
Common stock, par value (in dollars per share)	$ 2.5	$ 2.5
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common stock, shares issued	1,906,671,492	1,906,671,492
Treasury stock, shares of common stock	1,007,791,405	911,335,651

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Premiums	$ 8,063	$ 8,581	$ 23,459	$ 26,138
Policy fees	728	646	2,177	2,029
Net investment income	3,416	3,783	10,715	10,479
Net realized capital gains (losses):
Total other-than-temporary impairments on available for sale securities	(66)	(58)	(138)	(332)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income	(8)	(14)	(57)	(36)
Net other-than-temporary impairments on available for sale securities recognized in net income (loss)	(74)	(72)	(195)	(368)
Other realized capital losses	(848)	(693)	(911)	(461)
Total net realized capital losses	(922)	(765)	(1,106)	(829)
Other income	466	609	1,640	1,540
Total revenues	11,751	12,854	36,885	39,357
Benefits, losses and expenses:
Policyholder benefits and losses incurred	10,322	7,489	22,653	20,748
Interest credited to policyholder account balances	867	887	2,683	2,798
Amortization of deferred policy acquisition costs	912	1,018	3,135	3,625
General operating and other expenses	2,149	2,536	6,774	8,125
Interest expense	290	329	880	955
(Gain) loss on extinguishment of debt	1	(14)	(4)	76
Net (gain) loss on sale of divested businesses	13	(128)	173	(351)
Total benefits, losses and expenses	14,554	12,117	36,294	35,976
Income (loss) from continuing operations before income tax expense (benefit)	(2,803)	737	591	3,381
Income tax expense (benefit):
Income tax expense (benefit)	(1,091)	304	(18)	1,170
Income (loss) from continuing operations	(1,712)	433	609	2,211
Income (loss) from discontinued operations, net of income tax expense	(1)	3	7	(54)
Net income (loss)	(1,713)	436	616	2,157
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests	26	(26)	40	(35)
Net income (loss) attributable to AIG	$ (1,739)	$ 462	$ 576	$ 2,192
Basic:
Income (loss) from continuing operations	$ (1.91)	$ 0.43	$ 0.6	$ 2.02
Income (loss) from discontinued operations	0	0	0.01	(0.05)
Net income (loss) attributable to AIG	(1.91)	0.43	0.61	1.97
Diluted:
Income (loss) from continuing operations	(1.91)	0.42	0.59	1.97
Income (loss) from discontinued operations	0	0	0.01	(0.05)
Net income (loss) attributable to AIG	$ (1.91)	$ 0.42	$ 0.6	$ 1.92
Weighted average shares outstanding:
Basic	908,667,044	1,071,295,892	938,130,832	1,113,650,878
Diluted	908,667,044	1,102,400,770	961,295,946	1,142,700,207
Dividends declared per common share	$ 0.32	$ 0.32	$ 0.96	$ 0.96

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ (1,713)	$ 436	$ 616	$ 2,157
Other comprehensive income (loss), net of tax
Change in unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken	97	217	330	(110)
Change in unrealized appreciation of all other investments	492	466	1,840	6,302
Change in foreign currency translation adjustments	325	111	447	332
Change in retirement plan liabilities adjustment	63	4	92	(4)
Other comprehensive income	977	798	2,709	6,520
Comprehensive income (loss)	(736)	1,234	3,325	8,677
Comprehensive income (loss) attributable to noncontrolling interests	26	(26)	40	(35)
Comprehensive income (loss) attributable to AIG	$ (762)	$ 1,260	$ 3,285	$ 8,712

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	Total	Total AIG Shareholders' Equity	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Non redeemable Non-controlling Interests
Balance at Dec. 31, 2015	$ 90,210	$ 89,658	$ 4,766	$ (30,098)	$ 81,510	$ 30,943	$ 2,537	$ 552
Increase (Decrease) in Stockholders' Equity
Common stock issued under stock plans	(87)	(87)		86	(173)
Purchase of common stock	(8,506)	(8,506)	0	(8,506)
Net income (loss) attributable to AIG or noncontrolling interests	2,157	2,192	0	0	0	2,192	0	(35)
Dividends	(1,051)	(1,051)				(1,051)
Other Comprehensive Income (Loss)	6,520	6,520	0	0	0	0	6,520	0
Current and deferred income taxes	19	19			19
Net increase due to acquisitions and consolidations	9							9
Contributions from noncontrolling interests	4	0	0	0	0	0	0	4
Distributions to noncontrolling interests	(31)	0	0	0	0	0	0	(31)
Other	(79)	(82)	0	0	(75)	(7)	0	3
Balance at Sep. 30, 2016	89,165	88,663	4,766	(38,518)	81,281	32,077	9,057	502
Balance at Dec. 31, 2016	76,858	76,300	4,766	(41,471)	81,064	28,711	3,230	558
Increase (Decrease) in Stockholders' Equity
Common stock issued under stock plans	(164)	(164)		140	(304)
Purchase of common stock	(6,275)	(6,275)	0	(6,275)	0	0	0	0
Net income (loss) attributable to AIG or noncontrolling interests	616	576	0	0	0	576	0	40
Dividends	(884)	(884)	0	0	0	(884)	0	0
Other Comprehensive Income (Loss)	2,709	2,709	0	0	0	0	2,709	0
Current and deferred income taxes	(4)	(4)			(4)
Net increase due to acquisitions and consolidations	78							78
Contributions from noncontrolling interests	13	0	0	0	0	0	0	13
Distributions to noncontrolling interests	(131)	0	0	0	0	0	0	(131)
Other	196	210	0	4	220	(14)	0	(14)
Balance at Sep. 30, 2017	$ 73,012	$ 72,468	$ 4,766	$ (47,602)	$ 80,976	$ 28,389	$ 5,939	$ 544

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
Cash flows from operating activities:
Net income (loss)	$ 616	$ 2,157
(Income) loss from discontinued operations	(7)	54
Noncash revenues, expenses, gains and losses included in income:
Net gains on sales of securities available for sale and other assets	(404)	(1,125)
Net (gains) losses on sales of divested businesses	173	(351)
(Gains) losses on extinguishment of debt	(4)	76
Unrealized (gains) losses in earnings - net	251	1,396
Equity in income from equity method investments, net of dividends or distributions	(338)	50
Depreciation and other amortization	2,806	2,814
Impairments of assets	669	872
Changes in operating assets and liabilities:
Insurance reserves	4,448	700
Premiums and other receivables and payables - net	300	347
Reinsurance assets and funds held under reinsurance treaties	(12,705)	(1,234)
Capitalization of deferred policy acquisition costs	(3,593)	(3,598)
Current and deferred income taxes - net	(508)	962
Other, net	(899)	(1,367)
Total adjustments	(9,804)	(458)
Net cash provided by (used in) operating activities	(9,195)	1,753
Sales or distribution of:
Available for sale securities	27,733	22,077
Other securities	2,647	3,367
Other invested assets	4,396	5,255
Divested businesses, net	605
Maturities of fixed maturity securities available for sale	22,126	18,210
Principal payments received on and sales of mortgage and other loans receivable	3,932	4,435
Purchases of:
Available for sale securities	(38,717)	(42,572)
Other securities	(355)	(557)
Other invested assets	(2,359)	(2,472)
Mortgage and other loans receivable	(6,517)	(7,784)
Net change in restricted cash	(23)	(49)
Net change in short-term investments	2,815	(855)
Other, net	(1,509)	1,270
Net cash provided by (used in) investing activities	14,774	325
Proceeds from (payments for)
Policyholder contract deposits	13,164	13,584
Policyholder contract withdrawals	(11,363)	(9,986)
Issuance of long-term debt	2,405	11,430
Repayments of long-term debt	(2,751)	(7,683)
Issuance of Common Stock	0	0
Purchase of Common Stock	(6,275)	(8,506)
Dividends paid	(884)	(1,051)
Other, net	578	915
Net cash provided by (used in) financing activities	(5,126)	(1,297)
Effect of exchange rate changes on cash	(21)	88
Net increase (decrease) in cash	432	869
Cash at beginning of year	1,868	1,629
Change in cash of businesses held for sale	133
Cash at end of Period	$ 2,433	$ 2,498

Supplementary Disclosure of Con

Supplementary Disclosure of Consolidated Cash Flow Information - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash paid during the period for:
Interest	$ 1,046	$ 1,009
Taxes	490	208
Non-cash investing/financing activities:
Interest credited to policyholder contract deposits included in financing activities	$ 2,494	$ 2,691

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2017
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1 . Basis of Presentation American International Group, Inc. (AIG) is a leading global insurance organization serving customers in more than 80 countries and jurisdictions. AIG companies serve commercial 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 fi nancial statements prepared in accordance with accountin g 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, 2016 ( the 2016 Annual Report). The condensed consolidated financial information as of December 31, 2016 included herein has been derived from the audited Consolidated Financial Stat ements in the 2016 Annual Report. Certain of our foreign subsidiaries included in the Condensed Consolidated Financial Statements report on different fiscal-period bases. The effect on our 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 considered for adjustment and/or disclosure. In the opinion of management, these Condens ed 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, 2017 and prior to the issuance of these Condensed Consolidated Financial Statements. 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 pro fitability of the character necessary to realize the net deferred tax asset; liability for unpaid losses and loss adjustment expenses (loss reserves); reinsurance assets; valuation of future policy benefit liabilities and timing and extent of loss recognit ion; valuation of liabilities for guaranteed benefit features of variable annuity products; estimated gross profits to value deferred policy acquisition costs for investment-oriented products; impairment charges, including other-than-temporary impairments on available for sale securities, impairments on other invested assets, including investments in life settlements, and goodwill impairment; liability for legal contingencies; and fair value measurements of certain financial assets and liabilities. These ac counting 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 an d cash flows could be materially affected.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2 . Summary of Significant Accounting Policies Accounting Standards Adopted During 2017 Derivative Contract Novations In March 2016, the Financial Accounting Standards Board (FASB) issued an accounting standard that clarifies that a change in the counterparty (novation) to a derivative instrument that has been designated as a hedging instrument does not, in and of itself, require de-designation of that hedging relationship provided that all other hedge accounting criteria continue to be met. We adopted the standard on its required effective date of January 1, 2017. The adoption of this standard did not have a material effect on our consolidated financial condition, results of opera tions or cash flows. Contingent Put and Call Options in Debt Instruments In March 2016, the FASB issued an accounting standard that clarifies the requirements for assessing whether contingent call (put) options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt hosts. The standard requires an evaluation of embedded call (put) options solely on a four-step decision sequence that requires an entity to consider whether (1) the amount paid upon settlem ent is adjusted based on changes in an index, (2) the amount paid upon settlement is indexed to an underlying other than interest rates or credit risk, (3) the debt involves a substantial premium or discount and (4) the put or call option is contingently e xercisable. We adopted the standard on its required effective date of January 1, 2017. The adoption of this standard did not have a material effect on our consolidated financial condition, results of operations or cash flows. Simplifying the Transition to the Equity Method of Accounting In March 2016, the FASB issued an accounting standard that eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods during which the investment had been held. We adopt ed the standard on its required effective date of January 1, 2017. The adoption of this standard did not have a material effect on our consolidated financial condition, results of operations or cash flows. Interest Held through Related Parties that are und er Common Control In October 2016, the FASB issued an accounting standard that amends the consolidation analysis for a reporting entity that is the single decision maker of a variable interest entity (VIE). The new guidance will require the decision maker ’s evaluation of its interests held through related parties that are under common control on a proportionate basis (rather than in their entirety) when determining whether it is the primary beneficiary of that VIE. The amendment does not change the charac teristics of a primary beneficiary. We adopted the standard on its required effective date of January 1, 2017. The adoption of this standard did not have a material effect on our consolidated financial condition, results of operations or cash flows. Future Application of Accounting Standards 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, fi nancial instruments, and certain other agreements that are governed under other GAAP guidance, but could affect the revenue recognition for certain of our other activities. We have developed an implementation plan to adopt this standard using the modified retrospective approach on its required effective date of January 1, 2018. Our analysis of revenues indicates that substantially all of our revenues are from sources excluded from the scope of the standard. For those revenue sources within the scope of th e standard, we do not expect material changes in the timing or measurement of revenues based upon our current interpretation of the guidance. We continue to refine our assessment of the impacts this standard is expected to have on our applicable revenue so urces, financial statements and related disclosures. However, as substantially all of our revenue sources are excluded from the scope of the standard, we do not expect the adoption of the standard to have a material effect on our reported consolidated fin ancial condition, results of operations, cash flows or required disclosures . Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, the FASB issued an accounting standard that will require equity investments that do not follow the equity method of accounting or are not subject to consolidation to be measured at fair value with changes in fair value recognized in earnings, while financial liabilities for which fair value option accounting has been elected, changes in fair value due to instrument-specific credit risk will be presented separately in other comprehensive income. The standard allows the election to record equity investments without readily determinable fair values at cost, less impairment, adjusted for subsequen t observable price changes with changes in the carrying value of the equity investments recorded in earnings. The standard also updates certain fair value disclosure requirements for financial instruments carried at amortized cost. We will adopt this stand ard on its effective date of January 1, 2018. Based on our initial review, substantially all of our assets and liabilities are not within the scope of the standard. We do not expect the adoption of the standard to have a material effect on our reported co nsolidated financial condition, results of operations, cash flows or required disclosures. Leases In February 2016, the FASB issued an accounting standard that will require lessees with lease terms of more than 12 months to recognize a right of use asset a nd a corresponding lease liability on their balance sheets. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating leases or finance leases. We plan to adopt the standard on its effective date o f January 1, 2019 using a modified retrospective approach upon adoption. We are currently quantifying the expected recognition on our balance sheet for a right to use asset and a lease liability as required by the standard. We do not expect the impact of the standard to have a material effect on our reported c onsolidated financial condition , results of operations, cash flows or required disclosures. Financial Instruments - Credit Losses In June 2016, the FASB issued an accounting standard that will change how entities account for credit losses for most financial assets, trade receivables and reinsurance receivables. The standard will replace the existing incurred loss impairment model with a new “current expected credit loss model ” that generally will result in earlier recognition of credit losses. The standard will apply to financial assets subject to credit losses, including loans measured at amortized cost, reinsurance receivables and certain off-balance sheet credit exposures. Additionally, the impairment of available-for-sale debt securities, including purchased credit deteriorated securities, are subject to the new guidance and will be measured in a similar manner, except that losses will be recognized as allowances rather t han reductions in the amortized cost of the securities. The standard will also require additional information to be disclosed in the footnotes. The standard is effective on January 1, 2020, with early adoption permitted on January 1, 2019. We are continu ing to develop our implementation plan to adopt the standard and are assessing the impact of the standard on our reported consolidated financial condition, results of operations, cash flows and required disclosures. While we expect an increase in our allo wances for credit losses for the financial instruments within scope of the standard, given the objective of the new standard, the amount of any change will be dependent on our portfolios’ composition and quality at the adoption date as well as economic con ditions and forecasts at that time. Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB issued an accounting standard that addresses diversity in how certain cash receipts and cash payments are presented and classified in th e statement of cash flows. The amendments provide clarity on the treatment of eight specifically defined types of cash inflows and outflows. The standard is effective on January 1, 2018 using a retrospective transition method to each period presented or pr ospectively if adoption of an issue is impracticable. We continue to refine our analysis of certain cash flow types and intend to adopt this standard on its required effective date of January 1, 2018. The standard addresses presentation in the statemen t of cash flows only and will have no effect on our reported consolidated financial condition, results of operations or required disclosures. Intra-Entity Transfers of Assets Other than Inventory In October 2016, the FASB issued an accounting standard t hat will require an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs, rather than when the asset is sold to a third party. We plan to adopt the standard on its effective date of January 1, 2018 using a modified retrospective approach upon adoption. We are assessing the impact of the standard on our reported consolidated financial condition, results of operations, cash flows and required disclosures. Restricted Cash In No vember 2016, the FASB issued an accounting standard that provides guidance on the presentation of restricted cash in the Statement of Cash Flows. Entities will be required to explain the changes during a reporting period in the total of cash, cash equival ents, and amounts generally described as restricted cash or restricted cash equivalents in the statement of cash flows. We plan to adopt the standard retrospectively on its effective date of January 1, 2018. The standard addresses presentation of restric ted cash in the Statement of Cash Flows only and will have no effect on our reported consolidated financial condition, results of operations or required disclosures. Clarifying the Definition of a Business In January 2017, the FASB issued an accounting sta ndard that changes the definition of a business to assist entities with evaluating when a set of transferred assets and activities is a business. The new standard will require an entity to evaluate if substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar assets; if so, the set of transferred assets and activities is not a business. At a minimum, a set must include an input and a substantive process that togethe r significantly contribute to the ability to create output. The standard is effective on January 1, 2018, with early adoption permitted. We are evaluating the timing of adoption and are assessing the impact of the standard on our reported consolidated financial condition, results of operations and cash flows. Because the standard requires prospective adoption, the impact is dependent on future acquisitions, dispositions and those entities that we consolidate due to obtaining a controlling financial int erest. Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued an accounting standard that eliminates the requirement to calculate the implied fair value of goodwill, through a hypothetical purchase price allocation, to measure a goo dwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value not to exceed the total amount of goodwill allocated to that reporting unit. An entity should also co nsider income tax effects from tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The standard is effective on January 1, 2020, with early adoption permitted on testing dates after January 1, 2017. We are evaluating the timing of our adoption. The impact of the standard will be dependent on the market conditions of the reporting units at the time of adoption. Gains and Losses from the Derecognition of Nonfinancial Assets In Fe bruary 2017, the FASB issued an accounting standard that clarifies the scope and application of Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, to the sale or transfer of nonfinancial assets and in substance nonfinancial asse ts to noncustomers, including partial sales. The standard clarifies that a parent transferring its ownership interest in a consolidated subsidiary is within the scope of the accounting standard if substantially all of the fair value of the assets within th at subsidiary are nonfinancial assets. The standard also clarifies that the derecognition of all businesses and nonprofit activities should be accounted for in accordance with the derecognition and deconsolidation guidance. The standard also eliminates the exception in the financial asset guidance for transfers of investments (including equity method investments) in real estate entities. An entity is required to apply the amendments in this update at the same time that it applies the amendments in revenues from contracts with customers. The standard is effective on January 1, 2018 and may be applied retrospectively to each period presented or through a cumulative effect adjustment to retained earnings at the date of adoption (modified retrospective approac h). We are evaluating the timing of adoption and are assessing the impact of the standard on our reported consolidated financial condition, results of operations, cash flows and required disclosures. Improving the Presentation of Net Periodic Pension and P ostretirement Benefit Cost In March 2017, the FASB issued an accounting standard that requires entities to report the service cost component of net periodic pension and postretirement benefit costs in the same line item as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net periodic benefit costs are required to be separately presen ted in the income statement . The amendments also allow only the service cost component to be eligibl e for capitali zation when applicable. We will adopt this standard on its effective date of January 1, 2018 by retrospectively presenting the service cost and other components, and prospectively capitalizing the service cost component. The standard address es presentation of net periodic benefit costs in the income statement and will have no effect on our reported consolidated financial condition, results of operations, cash flows or required disclosures. Premium A mortization on Purchased Callable Debt Securities In March 2017, the FASB issued an accounting standard that shortens the amortization period for certain callable debt securities held at a premium by requiring the premium to be amortized to the earliest call date. The standard does not require an accounting change for securities held at a discount, which continue to be amortized to maturity. We plan to adopt the standard retrospectively on its effective date, January 1, 2019. We do not expect the standard to have a material impact on our repo rted consolidated financial condition, results of operations, cash flows or required disclosures. Modification of Share-Based Payment Awards In May 2017, the FASB issued an accounting standard that provides guidance about which changes to the terms or cond itions of a share-based payment award require an entity to apply modification accounting. We will prospectively adopt this standard on its effective date of January 1, 2018 and do not expect the standard to have a material effect on our reported consoli dated financial condition, results of operations, cash flows or required disclosures. Derivatives and Hedging In August 2017, t he FASB issued an accounting standard that improves and expands hedge accounting for both financial and commodity risks. The provisions of the amendment are intended to better align the accounting with an entity’s risk management activities, enhance the transparency on how the economic results are presented in the financial statements and the footnote, and simplify th e application of hedge accounting treatment. The standard is effective on January 1, 2019, with early adoption permitted. We are evaluating the timing of adoption and are assessing the impact of the standard on our reported consolidated financial condition , results of operations, cash flows and required disclosures.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2017
SEGMENT INFORMATION
SEGMENT INFORMATION	3 . Segment Information We report our results of operations consistent with the manner in which our chief operating decision makers review the business to assess performance and allocate resources. We report our results of operations as follows: Commercial Insurance business is presented as two operating segments: - Liability and Financial Lines - Property and Special Risks Consumer Insurance business is presented as four operating segments: - Individual Retirement - Group Retirement - Life I nsurance - Personal Insurance The Other Operations category consists of: - Institutional Markets - Income from assets held by AIG Parent and other corporate subsidiaries - General operating expenses not attributable to specific reporting segments - Inte rest expense - United Guaranty Corporation (United Guaranty) — The sale of this business was completed on December 31, 2016 - AIG Fuji Life Insurance Company, Ltd. (Fuji Life) — The sale of this business was completed on April 30, 2017 The Legacy Portfol io segment consists of: - Legacy Property and Casualty Run-Off Insurance Lines - Legacy Life Insurance Run-Off Lines - Legacy Investments We evaluate segment performance based on operating revenues and pre-tax operating income (loss). Operating revenues and pre-tax operating income (loss) are derived by excluding certain items from total revenues and net income (loss) attributable to AIG, respectively. See the table below for the items excluded from operating revenues and pre-tax operating income (loss). The following table presents AIG’s continuing operations by operating segment: Three Months Ended September 30, 2017 2016 Pre-Tax Pre-Tax Total Operating Total Operating (in millions) Revenues Income (Loss) Revenues Income (Loss) Commercial Insurance Liability and Financial Lines $ 2,848 $ (257) $ 3,379 $ 948 Property and Special Risks 1,744 (2,605) 2,037 (263) Total Commercial Insurance 4,592 (2,862) 5,416 685 Consumer Insurance Individual Retirement 1,343 718 1,380 920 Group Retirement 702 249 717 214 Life Insurance 1,000 112 921 (54) Personal Insurance 2,909 (71) 2,991 148 Total Consumer Insurance 5,954 1,008 6,009 1,228 Other Operations 1,218 (287) 1,003 (164) Legacy Portfolio 1,013 286 1,312 (99) AIG Consolidation and elimination (119) (1) (144) (6) Total AIG Consolidated revenues and pre-tax operating income 12,658 (1,856) 13,596 1,644 Reconciling Items from revenues and pre-tax operating income to revenues and pre-tax income (loss): Changes in fair value of securities used to hedge guaranteed living benefits 26 26 17 17 Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains - 84 - (67) (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements - 7 - 3 Gain (Loss) on extinguishment of debt - (1) - 14 Net realized capital losses (922) (922) (765) (765) Gain (loss) from divested businesses - (13) - 128 Non-operating litigation reserves and settlements 1 - 1 5 Net loss reserve discount (benefit) charge - (48) - (32) Pension expense related to a one-time lump sum payment to former employees - (49) - - Restructuring and other costs - (31) - (210) Other (12) - 5 - Revenues and Pre-tax income (loss) $ 11,751 $ (2,803) $ 12,854 $ 737 Nine Months Ended September 30, 2017 2016 Pre-Tax Pre-Tax Total Operating Total Operating (in millions) Revenues Income (Loss) Revenues Income (Loss) Commercial Insurance Liability and Financial Lines $ 8,443 $ 903 $ 10,118 $ 2,332 Property and Special Risks 5,365 (2,200) 6,140 (44) Total Commercial Insurance 13,808 (1,297) 16,258 2,288 Consumer Insurance Individual Retirement 4,099 1,815 4,382 1,727 Group Retirement 2,116 758 2,053 670 Life Insurance 3,043 272 2,862 (27) Personal Insurance 8,618 471 8,735 510 Total Consumer Insurance 17,876 3,316 18,032 2,880 Other Operations 3,207 (835) 3,015 (565) Legacy Portfolio 3,235 1,059 3,003 (94) AIG Consolidation and elimination (237) 75 (406) - Total AIG Consolidated revenues and pre-tax operating income 37,889 2,318 39,902 4,509 Reconciling Items from revenues and pre-tax operating income to revenues and pre-tax income: Changes in fair value of securities used to hedge guaranteed living benefits 117 117 270 270 Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains - 195 - (91) (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements - (258) - 15 Gain (Loss) on extinguishment of debt - 4 - (76) Net realized capital losses (1,106) (1,106) (829) (829) Gain (loss) from divested businesses - (173) - 351 Non-operating litigation reserves and settlements 17 86 42 43 Net loss reserve discount (benefit) charge - (283) - (323) Pension expense related to a one-time lump sum payment to former employees - (50) - - Restructuring and other costs - (259) - (488) Other (32) - (28) - Revenues and Pre-tax income $ 36,885 $ 591 $ 39,357 $ 3,381

HELD-FOR-SALE CLASSIFICATION

HELD-FOR-SALE CLASSIFICATION	9 Months Ended
	Sep. 30, 2017
HELD-FOR-SALE CLASSIFICATION
HELD-FOR-SALE CLASSIFICATION	4 . Held-For-Sale Classification Held-For-Sale Classification We report a business as held-for-sale when management has approved the sale or received approval to sell the business and is committed to a formal plan, the business is available for immediate sale, the business is being actively marketed, the sale is anticipated to occur during the next 12 months and certain other specified criteria are met. A business classified as held-for-sale is recorded at the lower of its carrying amount or estimated fair value less cost to sell. If the carrying amount of the bus iness exceeds its estimated fair value, a loss is recognized. Assets and liabilities related to the businesses classified as held-for-sale are separately reported in our Consolidated Balance Sheets beginning in the period in which the business is classified as held-for-sale. Fuji Life and AIG United Guaranty Insurance (Asia) Limited, both previously classified as held-for-sale, were sold on April 30, 2017 and July 1, 2017, respectively. At September 30, 2017, we had no businesses classified as held-for-sa le. On October 18, 2016, we entered into agreements to sell certain insurance operations to Fairfax Financial Holdings Limited (Fairfax). The agreements include the sale of our subsidiary operations in Argentina, Chile, Colombia, Uruguay, Venezuela and Tu rkey. Fairfax will also acquire renewal rights for the portfolios of local business written by our operations in Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia, and assume certain of our operating assets and employees. Total cash consi deration to us is expected to be approximately $234 million. The transaction is closing on a country-by-country basis as the regulatory approvals are obtained. In the second quarter of 2017, the sale of operations in Turkey as well as the renewal rights i n Bulgaria, the Czech Republic, Hungary, Poland and Slovakia were completed, which resulted in total cash proceeds of $48 million. In the third quarter of 2017, the sale of the operations in Colombia, Chile and Argentina were completed, which resulted in c ash proceeds of $168 million. Substantially all of the operations and renewal rights that we agreed to sell Fairfax were sold at September 30, 2017. The following table summarizes the components of assets and liabilities held-for-sale on the Condensed Cons olidated Balance Sheets at December 31, 2016*: December 31, (in millions) 2016 Assets: Fixed maturity securities $ 6,045 Equity securities 149 Mortgage and other loans receivable, net 137 Other invested assets 2 Short-term investments 130 Cash 133 Accrued investment income 21 Premiums and other receivables, net of allowance 351 Reinsurance assets, net of allowance 8 Deferred policy acquisition costs 471 Other assets 273 Assets of businesses held for sale 7,720 Less: Loss Accrual (521) Total assets held for sale $ 7,199 Liabilities: Liability for unpaid losses and loss adjustment expenses $ 402 Unearned premiums 297 Future policy benefits for life and accident and health insurance contracts 4,579 Other policyholder funds 378 Other liabilities 450 Total liabilities held for sale $ 6,106 * Excludes net intercompany assets of $384 million at December 31, 2016, that are eliminated in consolidation.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2017
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 Sheet s 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 (unadjusted) in active markets that we have the abil ity 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 i ncluded 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 mar kets 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 tech niques 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 li ttle, 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 liabili ty. In certain cases, the inputs used to measure fair value may fall into different leve ls 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: September 30, 2017 Counterparty Cash (in millions) Level 1 Level 2 Level 3 Netting (b) Collateral Total Assets: Bonds available for sale: U.S. government and government sponsored entities $ 1 $ 2,383 $ - $ - $ - $ 2,384 Obligations of states, municipalities and political subdivisions - 16,460 2,371 - - 18,831 Non-U.S. governments 56 15,526 11 - - 15,593 Corporate debt - 132,475 1,210 - - 133,685 RMBS - 21,095 16,414 - - 37,509 CMBS - 12,853 665 - - 13,518 CDO/ABS - 7,837 8,414 - - 16,251 Total bonds available for sale 57 208,629 29,085 - - 237,771 Other bond securities: U.S. government and government sponsored entities 33 2,796 - - - 2,829 Non-U.S. governments - 55 - - - 55 Corporate debt - 1,844 18 - - 1,862 RMBS - 426 1,443 - - 1,869 CMBS - 491 65 - - 556 CDO/ABS - 648 4,834 - - 5,482 Total other bond securities 33 6,260 6,360 - - 12,653 Equity securities available for sale: Common stock 1,051 - 5 - - 1,056 Preferred stock 18 559 - - - 577 Mutual funds 74 - - - - 74 Total equity securities available for sale 1,143 559 5 - - 1,707 Other equity securities 538 - - - - 538 Mortgage and other loans receivable - - 5 - - 5 Other invested assets (a) - 1 259 - - 260 Derivative assets: Interest rate contracts 2 2,252 - - - 2,254 Foreign exchange contracts - 867 - - - 867 Equity contracts 191 209 69 - - 469 Credit contracts - - 1 - - 1 Other contracts - 2 21 - - 23 Counterparty netting and cash collateral - - - (1,390) (1,324) (2,714) Total derivative assets 193 3,330 91 (1,390) (1,324) 900 Short-term investments 2,247 356 - - - 2,603 Separate account assets 84,239 5,061 - - - 89,300 Total $ 88,450 $ 224,196 $ 35,805 $ (1,390) $ (1,324) $ 345,737 Liabilities: Policyholder contract deposits $ - $ 14 $ 3,974 $ - $ - $ 3,988 Other policyholder funds - - - - - - Derivative liabilities: Interest rate contracts - 2,228 26 - - 2,254 Foreign exchange contracts - 1,298 3 - - 1,301 Equity contracts 56 3 - - - 59 Credit contracts - 4 274 - - 278 Other contracts - - 5 - - 5 Counterparty netting and cash collateral - - - (1,390) (1,395) (2,785) Total derivative liabilities 56 3,533 308 (1,390) (1,395) 1,112 Long-term debt - 2,995 3 - - 2,998 Other liabilities 75 33 - - - 108 Total $ 131 $ 6,575 $ 4,285 $ (1,390) $ (1,395) $ 8,206 December 31, 2016 Counterparty Cash (in millions) Level 1 Level 2 Level 3 Netting (b) Collateral Total Assets: Bonds available for sale: U.S. government and government sponsored entities $ 63 $ 1,929 $ - $ - $ - $ 1,992 Obligations of states, municipalities and political subdivisions - 22,732 2,040 - - 24,772 Non-U.S. governments 52 14,466 17 - - 14,535 Corporate debt - 131,047 1,133 - - 132,180 RMBS - 20,468 16,906 - - 37,374 CMBS - 12,231 2,040 - - 14,271 CDO/ABS - 8,578 7,835 - - 16,413 Total bonds available for sale 115 211,451 29,971 - - 241,537 Other bond securities: U.S. government and government sponsored entities - 2,939 - - - 2,939 Non-U.S. governments - 51 - - - 51 Corporate debt - 1,755 17 - - 1,772 RMBS - 420 1,605 - - 2,025 CMBS - 448 155 - - 603 CDO/ABS - 905 5,703 - - 6,608 Total other bond securities - 6,518 7,480 - - 13,998 Equity securities available for sale: Common stock 1,056 9 - - - 1,065 Preferred stock 752 - - - - 752 Mutual funds 260 1 - - - 261 Total equity securities available for sale 2,068 10 - - - 2,078 Other equity securities 482 - - - - 482 Mortgage and other loans receivable - - 11 - - 11 Other invested assets (a) - 1 204 - - 205 Derivative assets: Interest rate contracts - 2,328 - - - 2,328 Foreign exchange contracts - 1,320 - - - 1,320 Equity contracts 188 59 58 - - 305 Credit contracts - - 2 - - 2 Other contracts - 6 16 - - 22 Counterparty netting and cash collateral - - - (1,265) (903) (2,168) Total derivative assets 188 3,713 76 (1,265) (903) 1,809 Short-term investments 2,660 681 - - - 3,341 Separate account assets 77,318 5,654 - - - 82,972 Total $ 82,831 $ 228,028 $ 37,742 $ (1,265) $ (903) $ 346,433 Liabilities: Policyholder contract deposits $ - $ 25 $ 3,033 $ - $ - $ 3,058 Other policyholder funds 5 - - - - 5 Derivative liabilities: Interest rate contracts - 3,039 38 - - 3,077 Foreign exchange contracts - 1,358 11 - - 1,369 Equity contracts 12 7 - - - 19 Credit contracts - - 331 - - 331 Other contracts - 1 5 - - 6 Counterparty netting and cash collateral - - - (1,265) (1,521) (2,786) Total derivative liabilities 12 4,405 385 (1,265) (1,521) 2,016 Long-term debt - 3,357 71 - - 3,428 Total $ 17 $ 7,787 $ 3,489 $ (1,265) $ (1,521) $ 8,507 (a) Excludes investments that are meas ured at fair value using the net asset value (NAV) per share (or its equivalent), which totaled $ 6.2 billion and $ 6.7 billion as of September 30, 2017 and December 31, 2016 , respectively. (b) Represents netting of derivative exposures covered by qualifying master netting agreements. 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 act ive market. Conversely, assets are transferred from Level 2 to Level 1 when transaction volume and frequency are indicative of an active market. We had no material transfers of preferred stock or securities issued by the U.S. government and government spo nsored entities from Level 1 to Level 2 during the three-month period ended September 30, 2017. During the three - and nine -month periods ended September 30, 2017 , we transferred $ 300 million and $ 352 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 nine -month period ended September 30, 2017 , we transferred $ 113 million of securities issued by the U.S. government and government sponsored entities from Level 1 to Level 2. Additionally, we transferred $ 126 million of preferred stock from Level 1 to Level 2 during the nine -month period ended September 30, 2017 . We had no material transfers from Level 2 to Level 1 during the three - and nine -month periods ended September 30, 2017 . During the three - and nine -month periods ended September 30, 2016 , we transferred $ 635 million and $ 946 million, respectively, of securities issued by Non-U.S. government entities from Leve l 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, 2016 , we transferred $ 18 million and $ 34 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, 2016 . Changes in Level 3 Recurring Fair Value Measurements The following tables present changes during the three - and nine - month periods ended September 30, 2017 and 2016 in Level 3 asset s 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, 2017 and 2016 : Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair Value Gains (Losses) Other Sales, Gross Gross to Assets Fair Value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Three Months Ended September 30, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,285 $ 2 $ 38 $ 52 $ - $ (6) $ - $ 2,371 $ - Non-U.S. governments 12 (5) 4 - - - - 11 - Corporate debt 932 5 (2) (53) 449 (121) - 1,210 - RMBS 16,393 253 495 (731) 11 (7) - 16,414 - CMBS 735 2 5 (77) - - - 665 - CDO/ABS 8,605 8 (12) (166) - (21) - 8,414 - Total bonds available for sale 28,962 265 528 (975) 460 (155) - 29,085 - Other bond securities: Corporate debt 28 1 - - - (11) - 18 - RMBS 1,510 63 - (130) - - - 1,443 49 CMBS 66 2 - 42 - (45) - 65 3 CDO/ABS 5,234 111 - (505) - (6) - 4,834 (34) Total other bond securities 6,838 177 - (593) - (62) - 6,360 18 Equity securities available for sale: Common stock 7 - - (2) - - - 5 - Total equity securities available for sale 7 - - (2) - - - 5 - Other equity securities - - - - - - - - - Mortgage and other loans receivable 5 - - - - - - 5 - Other invested assets 225 - (2) 36 - - - 259 (3) Total $ 36,037 $ 442 $ 526 $ (1,534) $ 460 $ (217) $ - $ 35,714 $ 15 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair Value (Gains) Losses Other Sales, Gross Gross to Liabilities Fair Value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Liabilities: Policyholder contract deposits $ 3,518 $ 299 $ - $ 157 $ - $ - $ - $ 3,974 $ 1 Derivative liabilities, net: Interest rate contracts 30 (2) - (2) - - - 26 1 Foreign exchange contracts 7 - - (4) - - - 3 - Equity contracts (63) (11) - 5 - - - (69) 8 Credit contracts 293 (19) - (1) - - - 273 19 Other contracts (16) (19) - 19 - - - (16) 12 Total derivative liabilities, net (a) 251 (51) - 17 - - - 217 40 Long-term debt (b) 61 2 - (60) - - - 3 4 Total $ 3,830 $ 250 $ - $ 114 $ - $ - $ - $ 4,194 $ 45 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair Value Gains (Losses) Other Sales, Gross Gross to Assets Fair Value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Nine Months Ended September 30, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,040 $ 3 $ 123 $ 221 $ 8 $ (24) $ - $ 2,371 $ - Non-U.S. governments 17 (5) 5 (6) - - - 11 - Corporate debt 1,133 6 (2) (219) 655 (363) - 1,210 - RMBS 16,906 806 992 (2,270) 19 (39) - 16,414 - CMBS 2,040 25 12 (699) - (713) - 665 - CDO/ABS 7,835 (14) 168 478 - (53) - 8,414 - Total bonds available for sale 29,971 821 1,298 (2,495) 682 (1,192) - 29,085 - Other bond securities: Corporate debt 17 2 - 10 - (11) - 18 1 RMBS 1,605 184 - (313) - (33) - 1,443 116 CMBS 155 4 - 24 - (118) - 65 6 CDO/ABS 5,703 459 - (1,322) - (6) - 4,834 91 Total other bond securities 7,480 649 - (1,601) - (168) - 6,360 214 Equity securities available for sale: Common stock - - - 6 - (1) - 5 - Total equity securities available for sale - - - 6 - (1) - 5 - Other equity securities - - - - - - - - - Mortgage and other loans receivable 11 - - (6) - - - 5 - Other invested assets 204 3 (5) 58 - (1) - 259 1 Total $ 37,666 $ 1,473 $ 1,293 $ (4,038) $ 682 $ (1,362) $ - $ 35,714 $ 215 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair Value (Gains) Losses Other Sales, Gross Gross to Liabilities Fair Value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Liabilities: Policyholder contract deposits $ 3,033 $ 594 $ - $ 347 $ - $ - $ - $ 3,974 $ 3 Derivative liabilities, net: Interest rate contracts 38 (3) - (9) - - - 26 3 Foreign exchange contracts 11 1 - (9) - - - 3 (1) Equity contracts (58) (26) - 15 - - - (69) 22 Credit contracts 329 (55) - (1) - - - 273 53 Other contracts (11) (58) - 56 (3) - - (16) 57 Total derivative liabilities, net (a) 309 (141) - 52 (3) - - 217 134 Long-term debt (b) 71 16 - (84) - - - 3 - Total $ 3,413 $ 469 $ - $ 315 $ (3) $ - $ - $ 4,194 $ 137 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair value Gains (Losses) Other Sales, Gross Gross to Assets Fair value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Three Months Ended September 30, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,313 $ 1 $ (5) $ 58 $ 2 $ (78) $ - $ 2,291 $ - Non-U.S. governments 28 (3) (9) 3 - - - 19 - Corporate debt 836 (4) 7 (6) 267 (82) (1) 1,017 - RMBS 16,779 255 304 (165) 36 - - 17,209 - CMBS 2,295 12 (5) (1) 2 (32) (6) 2,265 - CDO/ABS 7,075 7 16 728 - - (81) 7,745 - Total bonds available for sale 29,326 268 308 617 307 (192) (88) 30,546 - Other bond securities: Corporate debt 18 1 - - - - - 19 - RMBS 1,486 30 - (120) - - - 1,396 12 CMBS 168 6 - (15) - - - 159 4 CDO/ABS 6,312 175 - (506) - - - 5,981 - Total other bond securities 7,984 212 - (641) - - - 7,555 16 Equity securities available for sale: Common stock - - - - - - - - - Total equity securities available for sale - - - - - - - - - Other equity securities 14 - - (14) - - - - - Mortgage and other loans receivable 11 - - - - - - 11 - Other invested assets 241 (4) 1 18 - - - 256 - Total $ 37,576 $ 476 $ 309 $ (20) $ 307 $ (192) $ (88) $ 38,368 $ 16 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair value (Gains) Losses Other Sales, Gross Gross to Liabilities Fair value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Liabilities: Policyholder contract deposits $ 3,990 $ 65 $ - $ (33) $ - $ - $ - $ 4,022 $ 1 Derivative liabilities, net: Interest rate contracts 46 (3) - 9 - - - 52 4 Foreign exchange contracts 9 1 - (1) - - - 9 (1) Equity contracts (52) (5) - 3 - - - (54) 5 Credit contracts 373 (36) - 7 - 1 - 345 28 Other contracts 102 (16) - 4 - - - 90 33 Total derivatives liabilities, net (a) 478 (59) - 22 - 1 - 442 69 Long-term debt (b) 67 3 - - - - - 70 - Other liabilities - - - - - - - - (3) Total $ 4,535 $ 9 $ - $ (11) $ - $ 1 $ - $ 4,534 $ 67 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair value Gains (Losses) Other Sales, Gross Gross to Assets Fair value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Nine Months Ended September 30, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,124 $ 3 $ 189 $ 51 $ 2 $ (78) $ - $ 2,291 $ - Non-U.S. governments 32 (3) (11) 5 - (4) - 19 - Corporate debt 1,370 (1) (10) (42) 581 (880) (1) 1,017 - RMBS 16,537 734 (55) (337) 330 - - 17,209 - CMBS 2,585 70 (83) (169) 2 (134) (6) 2,265 - CDO/ABS 6,169 27 59 1,548 23 - (81) 7,745 - Total bonds available for sale 28,817 830 89 1,056 938 (1,096) (88) 30,546 - Other bond securities: Corporate debt 17 3 - (1) - - - 19 3 RMBS 1,581 7 - (174) - (18) - 1,396 (48) CMBS 193 4 - (38) - - - 159 14 CDO/ABS 7,055 151 - (1,225) 65 (65) - 5,981 (378) Total other bond securities 8,846 165 - (1,438) 65 (83) - 7,555 (409) Equity securities available for sale: Common stock - - - - - - - - - Total equity securities available for sale - - - - - - - - - Other equity securities 14 - - (14) - - - - - Mortgage and other loans receivable 11 - - - - - - 11 - Other invested assets 332 (5) 2 (19) - (54) - 256 (2) Total $ 38,020 $ 990 $ 91 $ (415) $ 1,003 $ (1,233) $ (88) $ 38,368 $ (411) Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair value (Gains) Losses Other Sales, Gross Gross to Liabilities Fair value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Liabilities: Policyholder contract deposits $ 2,289 $ 1,508 $ - $ 225 $ - $ - $ - $ 4,022 $ 38 Derivative liabilities, net: Interest rate contracts 50 4 - (2) - - - 52 (5) Foreign exchange contracts 7 3 - (1) - - - 9 (2) Equity contracts (54) (5) - 5 - - - (54) 5 Credit contracts 505 (70) - (91) - 1 - 345 56 Other contracts 48 14 - 28 - - - 90 3 Total derivatives liabilities, net (a) 556 (54) - (61) - 1 - 442 57 Long-term debt (b) 183 3 - (3) - (113) - 70 - Total $ 3,028 $ 1,457 $ - $ 161 $ - $ (112) $ - $ 4,534 $ 95 (a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. (b) Includes guaranteed investment agreements (GIAs), notes, bonds, loans and mortgages payable. Net realized and unrealized gains and losses included in income related to Level 3 assets and liabilities 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, 2017 Bonds available for sale $ 257 $ 8 $ - $ 265 Other bond securities 87 (2) 92 177 Other invested assets 2 1 (3) - Nine Months Ended September 30, 2017 Bonds available for sale $ 849 $ (28) $ - $ 821 Other bond securities 259 - 390 649 Other invested assets 5 (1) (1) 3 Three Months Ended September 30, 2016 Bonds available for sale $ 294 $ (27) $ 1 $ 268 Other bond securities 37 13 162 212 Other invested assets 5 (3) (6) (4) Nine Months Ended September 30, 2016 Bonds available for sale $ 883 $ (56) $ 3 $ 830 Other bond securities 29 45 91 165 Other invested assets 2 29 (36) (5) Net Net Realized Investment Capital Other (in millions) Income Gains (Losses) Income Total Three Months Ended September 30, 2017 Policyholder contract deposits $ - $ 299 $ - $ 299 Derivative liabilities, net - (5) (46) (51) Long-term debt - - 2 2 Nine Months Ended September 30, 2017 Policyholder contract deposits $ - $ 594 $ - $ 594 Derivative liabilities, net - (13) (128) (141) Long-term debt - - 16 16 Three Months Ended September 30, 2016 Policyholder contract deposits $ - $ 65 $ - $ 65 Derivative liabilities, net - (5) (54) (59) Long-term debt - - 3 3 Nine Months Ended September 30, 2016 Policyholder contract deposits $ - $ 1,508 $ - $ 1,508 Derivative liabilities, net - (1) (53) (54) Long-term debt - - 3 3 The following table present s the gross components of purchases, sales, issues and settlements, net, shown above , for the three - and nine - month periods ended September 30, 2017 and 2016 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, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 56 $ - $ (4) $ 52 Non-U.S. governments 7 - (7) - Corporate debt 6 (5) (54) (53) RMBS 194 (16) (909) (731) CMBS - (17) (60) (77) CDO/ABS 402 (136) (432) (166) Total bonds available for sale 665 (174) (1,466) (975) Other bond securities: Corporate debt - - - - RMBS - (51) (79) (130) CMBS 42 - - 42 CDO/ABS - (57) (448) (505) Total other bond securities 42 (108) (527) (593) Equity securities available for sale 4 - (6) (2) Other equity securities - - - - Other invested assets 46 (9) (1) 36 Total assets $ 757 $ (291) $ (2,000) $ (1,534) Liabilities: Policyholder contract deposits $ - $ 79 $ 78 $ 157 Derivative liabilities, net - - 17 17 Long-term debt (b) - - (60) (60) Total liabilities $ - $ 79 $ 35 $ 114 Three Months Ended September 30, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 98 $ - $ (40) $ 58 Non-U.S. governments 7 - (4) 3 Corporate debt - - (6) (6) RMBS 754 (23) (896) (165) CMBS 50 (24) (27) (1) CDO/ABS 902 (22) (152) 728 Total bonds available for sale 1,811 (69) (1,125) 617 Other bond securities: Corporate debt - - - - RMBS 12 (74) (58) (120) CMBS - (14) (1) (15) CDO/ABS - (340) (166) (506) Total other bond securities 12 (428) (225) (641) Equity securities available for sale - - - - Other equity securities - - (14) (14) Other invested assets 21 - (3) 18 Total assets $ 1,844 $ (497) $ (1,367) $ (20) Liabilities: Policyholder contract deposits $ - $ 95 $ (128) $ (33) Derivative liabilities, net (2) - 24 22 Long-term debt (b) - - - - Total liabilities $ (2) $ 95 $ (104) $ (11) Purchases, Sales, Issues and (in millions) Purchases Sales Settlements Settlements, Net (a) Nine Months Ended September 30, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 279 $ (16) $ (42) $ 221 Non-U.S. governments 7 (1) (12) (6) Corporate debt 36 (59) (196) (219) RMBS 834 (260) (2,844) (2,270) CMBS 39 (128) (610) (699) CDO/ABS 1,609 (136) (995) 478 Total bonds available for sale 2,804 (600) (4,699) (2,495) Other bond securities: Corporate debt 11 - (1) 10 RMBS 112 (218) (207) (313) CMBS 42 (11) (7) 24 CDO/ABS - (65) (1,257) (1,322) Total other bond securities 165 (294) (1,472) (1,601) Equity securities available for sale 12 - (6) 6 Other equity securities - - - - Mortgage and other loans receivable - (6) - (6) Other invested assets 89 (11) (20) 58 Total assets $ 3,070 $ (911) $ (6,197) $ (4,038) Liabilities: Policyholder contract deposits $ - $ 231 $ 116 $ 347 Derivative liabilities, net - - 52 52 Long-term debt (b) - - (84) (84) Total liabilities $ - $ 231 $ 84 $ 315 Nine Months Ended September 30, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 144 $ (7) $ (86) $ 51 Non-U.S. governments 10 - (5) 5 Corporate debt 29 (25) (46) (42) RMBS 2,297 (81) (2,553) (337) CMBS 156 (82) (243) (169) CDO/ABS 2,053 (33) (472) 1,548 Total bonds available for sale 4,689 (228) (3,405) 1,056 Other bond securities: Corporate debt - - (1) (1) RMBS 101 (100) (175) (174) CMBS 53 (85) (6) (38) CDO/ABS 69 (376) (918) (1,225) Total other bond securities 223 (561) (1,100) (1,438) Equity securities available for sale - - - - Other equity securities 14 - (28) (14) Other invested assets 39 (2) (56) (19) Total assets $ 4,965 $ (791) $ (4,589) $ (415) Liabilities: Policyholder contract deposits $ - $ 365 $ (140) $ 225 Derivative liabilities, net (5) - (56) (61) Long-term debt (b) - - (3) (3) Total liabilities $ (5) $ 365 $ (199) $ 161 (a) There were no issuances during the three - and nine -month period s ended September 30, 2017 and 2016 , respectively . (b) 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, 2017 and 2016 may include changes i n 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 l iabilities into or out of Level 3 classification at their fair values as of the end of each reporting period, consistent with the date of the determination of fair value. The Net realized and unrealized gains (losses) included in income or Other comprehens ive income (loss) as shown in the table above excluded $ 49 million and $ 57 million of net losses related to assets and liabilities transferred into Level 3 during the three - and nine -month period s ended September 30, 2017 , respectively, and included $ 32 million and $ 38 million of net losses related to assets and liabilities transferred out of Level 3 during the three - and nine -month periods ended September 30, 2017 , respectively . The Net realized and unrealized gains (losses) included in income (loss) or Other comprehensive income (loss) as shown in the table above excluded $ 11 million of n et losses related to assets and liabilities transferred into Level 3 during the nine -month period en ded September 30, 2016 , and included $ 3 million and $ 54 million of net losses related to ass ets and liabilities transferred out of Level 3 during the three - and nine -month periods end ed September 30, 2016 , respectively. Transfers of Level 3 Assets During the three - and nine -month periods en ded September 30, 2017 and 2016 , transfers into Level 3 assets primarily included certain investments in private placement corporate debt, RMBS and CDO/ABS . Transfers of 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 securit y or associated market liquidity . The transfers of investments in RMBS and CDO and certain ABS into Level 3 assets were due to decreases in market transparency and liquidity for individual security types. During the three - and nine -month periods ended September 30, 2017 and 2016 , transfers out of Level 3 assets primarily included private placement and other corporate debt, CMBS, RMBS, CDO/ABS and certain investments in municipal securities . Transfers of certa in investments 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 and certain ABS 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. 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, 2017 and 2016 . 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 independent third-party valuation service providers and from internal valuation models. Because input information from third-parties with respect to certain Level 3 in struments (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) 2017 Technique Unobservable Input (b) (Weighted Average) Assets: Obligations of states, municipalities and political subdivisions $ 1,578 Discounted cash flow Yield 3.71% - 4.49% (4.10%) Corporate debt 430 Discounted cash flow Yield 4.18% - 4.52% (4.35%) RMBS (a) 16,472 Discounted cash flow Constant prepayment rate 2.54% - 11.06% (6.80%) Loss severity 47.05% - 79.54% (62.97%) Constant default rate 3.21% - 7.87% (5.54%) Yield 2.27% - 4.88% (3.58%) CDO/ABS (a) 5,086 Discounted cash flow Yield 3.26% - 4.99% (4.12%) CMBS 488 Discounted cash flow Yield 1.86% - 9.12% (5.49%) Liabilities: Embedded derivatives within Policyholder contract deposits: Guaranteed minimum withdrawal benefits (GMWB) 2,104 Discounted cash flow Equity volatility 5.00% - 40.00% Base lapse rate 0.35% - 14.00% Dynamic lapse multiplier 30.00% - 170.00% Mortality multiplier (c) 40.00% - 153.00% Utilization 100.00% Equity / interest-rate correlation 20.00% - 40.00% Index Annuities 1,375 Discounted cash flow Lapse rate 0.50% - 40.00% Mortality multiplier (c) 42.00% - 162.00% Indexed Life 477 Discounted cash flow Base lapse rate 2.00% to 19.00% Mortality rate 0.00% to 40.00% Fair Value at December 31, Valuation Range (in millions) 2016 Technique Unobservable Input (b) (Weighted Average) Assets: Obligations of states, municipalities and political subdivisions $ 1,248 Discounted cash flow Yield 4.12% - 4.91% (4.52%) Corporate debt 498 Discounted cash flow Yield 3.41% - 6.38% (4.90%) RMBS (a) 17,412 Discounted cash flow Constant prepayment rate 3.95% - 6.54% (5.25%) Loss severity 47.51% - 80.98% (64.24%) Constant default rate 3.28% - 8.64% (5.96%) Yield 3.28% - 5.87% (4.57%) CDO/ABS (a) 4,368 Discounted cash flow Yield 3.67% - 5.85% (4.76%) CMBS 1,511 Discounted cash flow Yield 0.48% - 10.21% (5.34%) Liabilities: Embedded derivatives within Policyholder contract deposits: GMWB 1,777 Discounted cash flow Equity volatility 13.00% - 50.00% Base lapse rate 0.50% - 20.00% Dynamic lapse multiplier 30.00% - 170.00% Mortality multiplier (c) 42.00% - 161.00% Utilization 100.00% Equity / interest-rate correlation 20.00% - 40.00% Index Annuities 859 Discounted cash flow Lapse rate 1.00% - 66.00% Mortality multiplier (c) 101.00% - 103.00% Indexed Life 381 Discounted cash flow Base lapse rate 2.00% - 19.00% Mortality rate 0.00% - 40.00% (a) Information received from third-party valuation service providers. The ranges of the unobservable inputs for 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 tra nches 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) Rep resents discount rates, estimates and assumptions that we believe would be used by market participants when valuing these assets and liabilities. (c) Mortality inputs are shown as multipliers of the 2012 Individual Annuity Mortality Basic table . The ranges of r

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2017
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) September 30, 2017 Bonds available for sale: U.S. government and government sponsored entities $ 2,252 $ 152 $ (20) $ 2,384 $ - Obligations of states, municipalities and political subdivisions 17,637 1,235 (41) 18,831 - Non-U.S. governments 14,885 808 (100) 15,593 - Corporate debt 126,014 8,519 (848) 133,685 10 Mortgage-backed, asset-backed and collateralized: RMBS 34,270 3,421 (182) 37,509 1,737 CMBS 13,154 456 (92) 13,518 52 CDO/ABS 15,931 374 (54) 16,251 29 Total mortgage-backed, asset-backed and collateralized 63,355 4,251 (328) 67,278 1,818 Total bonds available for sale (b) 224,143 14,965 (1,337) 237,771 1,828 Equity securities available for sale: Common stock 708 357 (9) 1,056 - Preferred stock 504 73 - 577 - Mutual funds 62 12 - 74 - Total equity securities available for sale 1,274 442 (9) 1,707 - Total $ 225,417 $ 15,407 $ (1,346) $ 239,478 $ 1,828 December 31, 2016 Bonds available for sale: U.S. government and government sponsored entities $ 1,870 $ 148 $ (26) $ 1,992 $ - Obligations of states, municipalities and political subdivisions 24,025 1,001 (254) 24,772 - Non-U.S. governments 14,018 773 (256) 14,535 - Corporate debt 126,648 7,271 (1,739) 132,180 (31) Mortgage-backed, asset-backed and collateralized: RMBS 35,311 2,541 (478) 37,374 1,212 CMBS 14,054 409 (192) 14,271 45 CDO/ABS 16,315 278 (180) 16,413 39 Total mortgage-backed, asset-backed and collateralized 65,680 3,228 (850) 68,058 1,296 Total bonds available for sale (b) 232,241 12,421 (3,125) 241,537 1,265 Equity securities available for sale: Common stock 708 369 (12) 1,065 - Preferred stock 748 4 - 752 - Mutual funds 241 23 (3) 261 - Total equity securities available for sale 1,697 396 (15) 2,078 - Total $ 233,938 $ 12,817 $ (3,140) $ 243,615 $ 1,265 (a) Represents the amount of other-than-temporary impairment s recognized in Accumulated other comprehensive income . Amount includes unrealized gains and losses on impaired securities relating to changes in the fair value of such securities subsequent to the impairment measurement date. (b) At September 30, 2017 and December 31, 2016 , bonds available for sale held by us that were below investment grade or not rated totaled $ 31.2 billion and $ 33.6 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 unrea lized 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 September 30, 2017 Bonds available for sale: U.S. government and government sponsored entities $ 766 $ 10 $ 237 $ 10 $ 1,003 $ 20 Obligations of states, municipalities and political subdivisions 871 9 638 32 1,509 41 Non-U.S. governments 2,354 17 793 83 3,147 100 Corporate debt 13,155 272 7,984 576 21,139 848 RMBS 5,861 99 2,287 83 8,148 182 CMBS 2,663 37 1,173 55 3,836 92 CDO/ABS 1,864 24 755 30 2,619 54 Total bonds available for sale 27,534 468 13,867 869 41,401 1,337 Equity securities available for sale: Common stock 149 9 1 - 150 9 Mutual funds 6 - - - 6 - Total equity securities available for sale 155 9 1 - 156 9 Total $ 27,689 $ 477 $ 13,868 $ 869 $ 41,557 $ 1,346 December 31, 2016 Bonds available for sale: U.S. government and government sponsored entities $ 720 $ 26 $ - $ - $ 720 $ 26 Obligations of states, municipalities and political subdivisions 5,814 221 231 33 6,045 254 Non-U.S. governments 3,865 162 489 94 4,354 256 Corporate debt 28,184 1,013 6,080 726 34,264 1,739 RMBS 8,794 252 4,045 226 12,839 478 CMBS 4,469 152 479 40 4,948 192 CDO/ABS 5,362 102 1,961 78 7,323 180 Total bonds available for sale 57,208 1,928 13,285 1,197 70,493 3,125 Equity securities available for sale: Common stock 125 12 - - 125 12 Mutual funds 64 3 - - 64 3 Total equity securities available for sale 189 15 - - 189 15 Total $ 57,397 $ 1,943 $ 13,285 $ 1,197 $ 70,682 $ 3,140 At September 30, 2017 , we held 6,115 and 75 individual fixed maturity and equity securities, respectively, that were in an unrealized loss position, of which 1,721 and three individual fixed maturity and equity securities , respectively, were in a continuous unrealized loss position for 12 months or more. We did not recognize the unrealized losses in earnings on these fixed m aturity securities at September 30, 2017 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 anal yst 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 Available for Sale Position Available for Sale (in millions) Amortized Cost Fair Value Amortized Cost Fair Value September 30, 2017 Due in one year or less $ 8,929 $ 9,129 $ 1,400 $ 1,386 Due after one year through five years 47,237 49,651 5,260 5,134 Due after five years through ten years 41,576 43,101 8,841 8,474 Due after ten years 63,046 68,612 12,306 11,804 Mortgage-backed, asset-backed and collateralized 63,355 67,278 14,931 14,603 Total $ 224,143 $ 237,771 $ 42,738 $ 41,401 December 31, 2016 Due in one year or less $ 7,796 $ 7,994 $ 604 $ 581 Due after one year through five years 49,200 51,958 6,002 5,841 Due after five years through ten years 43,308 44,226 16,045 15,332 Due after ten years 66,257 69,301 25,007 23,629 Mortgage-backed, asset-backed and collateralized 65,680 68,058 25,960 25,110 Total $ 232,241 $ 241,537 $ 73,618 $ 70,493 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 mat urities of our available for sale securities: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 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 $ 93 $ 39 $ 189 $ 54 $ 637 $ 263 $ 593 $ 696 Equity securities 6 2 54 1 106 20 1,066 15 Total $ 99 $ 41 $ 243 $ 55 $ 743 $ 283 $ 1,659 $ 711 For the three - and nine -month periods ended September 30, 2017 , the aggregate fair value of available for sale securities sold was $ 4.4 billion and $ 27.8 billion, respectively, which resulted in net realized capital gains of $ 58 million and $ 460 million, respectively. For the three - and nine -month periods ended September 30, 2016 , the aggregate fair value of available for sale securities sold was $ 7.9 billion and $ 22.3 billion, respectively, which resulted in net realized capital gains of $ 188 million and $ 948 million, 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: September 30, 2017 December 31, 2016 Fair Percent Fair Percent (in millions) Value of Total Value of Total Fixed maturity securities: U.S. government and government sponsored entities $ 2,829 22 % $ 2,939 20 % Obligations of states, municipalities and political subdivisions - - - - Non-U.S. governments 55 - 51 - Corporate debt 1,862 14 1,772 12 Mortgage-backed, asset-backed and collateralized : RMBS 1,869 14 2,025 14 CMBS 556 4 603 4 CDO/ABS and other collateralized * 5,482 42 6,608 47 Total mortgage-backed, asset-backed and collateralized 7,907 60 9,236 65 Total fixed maturity securities 12,653 96 13,998 97 Equity securities 538 4 482 3 Total $ 13,191 100 % $ 14,480 100 % * Includes $ 270 million and $ 421 million of U.S. g overnment agency-backed ABS at September 30, 2017 and December 31, 2016 , respectively. Other Invested Assets The following table summarizes the carrying amoun ts of other invested assets : September 30, December 31, (in millions) 2017 2016 Alternative investments (a) (b) $ 12,042 $ 13,379 Investment real estate (c) 7,465 6,900 Aircraft asset investments (d) 218 321 Investments in life settlements 1,759 2,516 All other investments 1,106 1,422 Total $ 22,590 $ 24,538 (a) At September 30, 2017 , includes hedge funds of $ 6.3 billion, private equity funds of $ 5.2 billion, and affordable housing partnerships of $ 558 million. At December 31, 2016 , includes hedge funds of $ 7.2 billion, private equity funds of $ 5.5 billion, and affordable housing partnerships of $ 625 million. (b) Approximately 45 percent and 32 percent of our hedge fund portfolio is available for redemption in 2017 and 2018, respectively, an additional 17 percent will be available between 2019 and 2024 . (c) Net of accumulated depreciation of $ 510 million and $ 451 million in September 30, 2017 and December 31, 2016 , respectively. (d) Consists of investments in aircraft equipment held in a consolidated trust. Net Investment Income The following table presents the components of Net i nvestment i ncome: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2017 2016 2017 2016 Fixed maturity securities, including short-term investments $ 2,697 $ 2,935 $ 8,326 $ 8,863 Equity securities 5 25 22 (19) Interest on mortgage and other loans 414 379 1,206 1,144 Alternative investments * 355 365 1,174 309 Real estate 51 37 131 125 Other investments 30 157 246 395 Total investment income 3,552 3,898 11,105 10,817 Investment expenses 136 115 390 338 Net investment income $ 3,416 $ 3,783 $ 10,715 $ 10,479 * Includes income from hedge funds, private equity funds and affordable housing partnerships. Hedge funds for which we elected the fair value option are recorded as of the balance sheet date. Other hedge funds are generally reported on a one-month lag, while private equity funds are generally reported on a one-quarter lag. 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) 2017 2016 2017 2016 Sales of fixed maturity securities $ 54 $ 135 $ 374 $ (103) Sales of equity securities 4 53 86 1,051 Other-than-temporary impairments: Severity - (10) (2) (15) Change in intent (1) (2) (9) (35) Foreign currency declines (1) (7) (11) (14) Issuer-specific credit events (85) (77) (197) (303) Adverse projected cash flows (1) (6) (4) (47) Provision for loan losses (38) 8 (56) 8 Foreign exchange transactions 66 (639) 299 (1,197) Variable annuity embedded derivatives, net of related hedges (430) (309) (1,023) (482) All other derivatives and hedge accounting (136) 83 (217) 353 Impairments on investments in life settlements (273) (80) (360) (329) Other * (81) 86 14 284 Net realized capital losses $ (922) $ (765) $ (1,106) $ (829) * Includes $ 107 million of realized gains due to a purchase price adjustment on the sale of Class B shares of Prude ntial Financial, Inc. for the nine months ended September 30, 2016 . Change in Unrealized Appreciation (Depreciation) of Investments The following table presents the increase (decrease) in unrealized appreciation (depreciation) of our available for sale sec urities and other investments: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2017 2016 2017 2016 Increase (decrease) in unrealized appreciation (depreciation) of investments: Fixed maturity securities $ 1,059 $ 1,595 $ 4,332 $ 11,957 Equity securities 9 (19) 52 (1,159) Other investments 10 (29) (127) (243) Total Increase (decrease) in unrealized appreciation (depreciation) of investments * $ 1,078 $ 1,547 $ 4,257 $ 10,555 * Excludes net unrealized losses 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 2016 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 matu rity securities: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2017 2016 2017 2016 Balance, beginning of period $ 762 $ 1,298 $ 1,098 $ 1,747 Increases due to: Credit impairments on new securities subject to impairment losses 58 23 116 146 Additional credit impairments on previously impaired securities 12 37 49 166 Reductions due to: Credit impaired securities fully disposed of for which there was no prior intent or requirement to sell (44) (39) (99) (282) Accretion on securities previously impaired due to credit * (147) (187) (523) (645) Impairments on securities reclassified to Assets held for sale - (2) - (2) Balance, end of period $ 641 $ 1,130 $ 641 $ 1,130 * 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 whether it is probable at acquisition that we will not collect all contractually required payments for these PCI securities, including both principal and interest. 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 an effective yield basis. Additionally, the diff erence 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 f lows 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 th e 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 recogniz ed 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) $ 36,228 Cash flows expected to be collected * 29,649 Recorded investment in acquired securities 19,944 * Represents undiscounted expect ed cash flows, including both principal and interes t . (in millions) September 30, 2017 December 31, 2016 Outstanding principal balance $ 14,977 $ 16,728 Amortized cost 10,636 11,987 Fair value 12,470 12,922 The following table presents activ ity for the accretable yield on PCI securities: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2017 2016 2017 2016 Balance, beginning of period $ 7,465 $ 7,043 $ 7,498 $ 6,846 Newly purchased PCI securities 16 177 117 628 Disposals - - (18) - Accretion (193) (214) (609) (637) Effect of changes in interest rate indices (74) (196) (188) (435) Net reclassification from (to) non-accretable difference, including effects of prepayments 172 158 586 566 Balance, end of period $ 7,386 $ 6,968 $ 7,386 $ 6,968 Pledged Investments Secured Financing and Similar Arrangements We enter into secured financing transactions whereby certain securities are 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. Our secured financing transactions also include those that involve the transfer of securities to financial institutions in exchange for cash (securities lending agree ments). In all of these secured financing transactions, the securities transferred by us (pledged collateral) may be sold or repledged by the counterparties. These agreements are recorded at their contracted amounts plus accrued interest, other than those that are accounted for at fair value. Pledged collateral levels are monitored daily and are generally maintained at an agreed-upon percentage of the fair value of the amounts borrowed during the life of the transactions. In the event of a decline in the fa ir value of the pledged collateral under these secured financing transactions, we may be required to transfer cash or additional securities as pledged collateral under these agreements. At the termination of the transactions, we and our counterparties are obligated to return the amounts borrowed and the securities transferred, respectively. The following table presents the fair value of securities pledged to counterparties under secured financing transactions, including repurchase and securities lending ag reements: (in millions) September 30, 2017 December 31, 2016 Fixed maturity securities available for sale $ 2,988 $ 2,389 Other bond securities, at fair value $ 1,869 $ 1,799 At September 30, 2017 and December 31, 2016 , amounts borrowed under repurchase and securities lending agreements totaled $ 4.9 billion and $ 4.2 billion, respectively. The following table presents the fair value of securities pledged under our repurchase agreements by collateral type and by remaining contractual maturity: Remaining Contractual Maturity of the Agreements (in millions) Overnight and Continuous up to 30 days 31 - 90 days 91 - 364 days 365 days or greater Total September 30, 2017 Bonds available for sale: Non-U.S. governments $ - $ 40 $ - $ - $ - $ 40 Corporate debt - 17 44 11 - 72 Other bond securities: U.S. government and government sponsored entities 33 - - - - 33 Non-U.S. governments - - - 55 - 55 Corporate debt - 422 1,089 270 - 1,781 Total $ 33 $ 479 $ 1,133 $ 336 $ - $ 1,981 December 31, 2016 Other bond securities: Non-U.S. governments $ - $ - $ - $ 51 $ - $ 51 Corporate debt - 163 860 725 - 1,748 Total $ - $ 163 $ 860 $ 776 $ - $ 1,799 The following table presents the fair value of securities pledged under our securities lending agreements by collateral type and by remaining con tractual maturity: Remaining Contractual Maturity of the Agreements (in millions) Overnight and Continuous up to 30 days 31 - 90 days 91 - 364 days 365 days or greater Total September 30, 2017 Bonds available for sale: Obligations of states, municipalities and political subdivisions $ - $ - $ - $ - $ - $ - Non-U.S. governments - 68 - - - 68 Corporate debt - 704 1,608 496 - 2,808 CMBS - - - - - - Total $ - $ 772 $ 1,608 $ 496 $ - $ 2,876 December 31, 2016 Bonds available for sale: Obligations of states, municipalities and political subdivisions $ - $ 21 $ - $ - $ - $ 21 Non-U.S. governments - - 50 - - 50 Corporate debt - 791 1,466 - - 2,257 CMBS - - 61 - - 61 Total $ - $ 812 $ 1,577 $ - $ - $ 2,389 We also ent er into agreements in which securities are purchased by us under agreements t o 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 accr ued interest, other than those that are accounted for at fair value. 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) September 30, 2017 December 31, 2016 Securities collateral pledged to us $ 2,054 $ 1,434 Amount sold or repledged by us $ 80 $ 11 Insurance – Statutory and Other Deposits The total carrying value 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, was $ 4.9 billion at both September 30, 2017 and December 31, 2016 . Other Pledges and Restrictions Certain of our subsidiaries are members of Federa l Home Loan Banks (FHLBs) and such membership requires the members to own stock in these FHLBs. We owned an aggregate of $ 103 million and $ 114 million of stock in FHLBs at September 30, 2017 and December 31, 2016 , respectively. In addition, our subsidiaries have pledged securities available for sale and residential loans associated with advances from FHLB, with a fair value of $ 2.9 billion and $ 223 million, respectively, at September 30, 2017 and $ 3.4 billion and $ 17 million, respectively, at December 31, 2016 , associated with advanc es 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 su ch 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 s ecurities pledged as collateral with respect to these obligations was approximately $ 2.1 billion and $ 2.2 billion at September 30, 2017 and December 31, 2016 , 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. Investments held in escrow accounts or otherwise subject to restriction as to the ir use were $ 411 million and $ 523 million, comprised of bonds available for sale and short term investments at September 30, 2017 and December 31, 2016 , respectively.

LENDING ACTIVITIES

LENDING ACTIVITIES	9 Months Ended
	Sep. 30, 2017
LENDING ACTIVITIES
LENDING ACTIVITIES	7 . Lending Activities The following table presents the composition of Mortgage and other loans receivable, net: September 30, December 31, (in millions) 2017 2016 Commercial mortgages * $ 27,930 $ 25,042 Residential mortgages 4,991 3,828 Life insurance policy loans 2,301 2,367 Commercial loans, other loans and notes receivable 1,212 2,300 Total mortgage and other loans receivable 36,434 33,537 Allowance for credit losses (345) (297) Mortgage and other loans receivable, net $ 36,089 $ 33,240 * Commercial mortgages primarily represent loans for office s , apartments and retail properties, with exposures in New York and California representing the largest geographic concentrations ( aggregating approximately 22 percent and 12 percent , respectively, at September 30, 2017 , and 24 percent and 12 percent , respectively, at December 31, 2016 ) . Credit Qua lity of Commercial Mortgages The following table presents debt service coverage ratios and loan-to-value ratios for commercial mortgages: Debt Service Coverage Ratios (a) (in millions) >1.20X 1.00X - 1.20X <1.00X Total September 30, 2017 Loan-to-Value Ratios (b) Less than 65% $ 17,040 $ 1,960 $ 355 $ 19,355 65% to 75% 5,466 418 205 6,089 76% to 80% 672 54 53 779 Greater than 80% 1,189 437 81 1,707 Total commercial mortgages $ 24,367 $ 2,869 $ 694 $ 27,930 December 31, 2016 Loan-to-Value Ratios (b) Less than 65% $ 13,998 $ 1,694 $ 232 $ 15,924 65% to 75% 5,946 575 62 6,583 76% to 80% 1,246 174 47 1,467 Greater than 80% 471 392 205 1,068 Total commercial mortgages $ 21,661 $ 2,835 $ 546 $ 25,042 (a) The debt service coverage ratio compares a property’s net operating income to its debt service payments, including principal and interest. Our weighted average debt service coverage ratio was 1.8 X and 1.9 X at September 30, 2017 and December 31, 2016 , respectively. (b) The loan-to-value ratio compares the current unpaid principal balance of the loan to the estimated fair value of the underlying property collateralizing the loan. Our weigh ted average loan-to-value ratio was 58 percent at both September 30, 2017 , and December 31, 2016 . The following t able presents the credit quality performance indicators for commercial mortgag es : Number Percent of Class of (dollars in millions) Loans Apartments Offices Retail Industrial Hotel Others Total (c) Total $ September 30, 2017 Credit Quality Performance Indicator: In good standing 770 $ 7,274 $ 8,642 $ 5,367 $ 2,147 $ 2,391 $ 2,002 $ 27,823 100 % Restructured (a) 3 - 15 4 - 16 - 35 - 90 days or less delinquent 1 - 14 - - - - 14 - >90 days delinquent or in process of foreclosure 2 - 40 18 - - - 58 - Total (b) 776 $ 7,274 $ 8,711 $ 5,389 $ 2,147 $ 2,407 $ 2,002 $ 27,930 100 % Allowance for credit losses: Specific $ - $ 3 $ 31 $ - $ 1 $ - $ 35 - % General 61 93 36 8 14 17 229 1 Total allowance for credit losses $ 61 $ 96 $ 67 $ 8 $ 15 $ 17 $ 264 1 % December 31, 2016 Credit Quality Performance Indicator: In good standing 784 $ 6,005 $ 7,830 $ 5,179 $ 1,898 $ 2,373 $ 1,589 $ 24,874 99 % Restructured (a) 4 - 134 18 - 16 - 168 1 90 days or less delinquent - - - - - - - - - >90 days delinquent or in process of foreclosure - - - - - - - - - Total (b) 788 $ 6,005 $ 7,964 $ 5,197 $ 1,898 $ 2,389 $ 1,589 $ 25,042 100 % Allowance for credit losses: Specific $ - $ 3 $ 1 $ 6 $ 1 $ - $ 11 - % General 35 72 41 7 13 15 183 1 Total allowance for credit losses $ 35 $ 75 $ 42 $ 13 $ 14 $ 15 $ 194 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 2016 Annual Report. (b) Does not reflect a llowance for credit l osses . (c) 99.7 percent of the commercial mortgage s held at such respective dates were current as to payments of principal and interes t. There were no significant amounts of nonperforming commercial mortga ges (defined as those loans where payment of contractual principal or interest is mor e than 90 days past due) during any of the periods presented. Allowance for Credit Losses For a discussion of our accounting policy for evaluating Mortgage and other loans receivable for impairment see Note 7 to the Consolidated Financial Statements in the 2016 Annual Report The following table presents a rollforward of the changes in the allowance for losses on Mortgage and other loans receivable: 2017 2016 Nine Months Ended September 30, Commercial Other Commercial Other (in millions) Mortgages Loans Total Mortgages Loans Total Allowance, beginning of year $ 194 $ 103 $ 297 $ 171 $ 137 $ 308 Loans charged off (5) (2) (7) (13) (2) (15) Recoveries of loans previously charged off - - - 11 - 11 Net charge-offs (5) (2) (7) (2) (2) (4) Provision for loan losses 75 (20) 55 20 (25) (5) Other - - - - - - Allowance, end of period $ 264 * $ 81 $ 345 $ 189 * $ 110 $ 299 * Of the total allowance , $ 35 million and $ 11 million relate to individually assessed credit losses on $ 342 million and $ 292 million of commercial mortgages at September 30, 2017 and 2016 , respectively. During the nine -month period ended September 30, 2017 , loans with a carrying value of $ 25 million were modified in troubled debt restructurings. Loans that had been modified in troubled debt restructurings during the nine- month period ended September 30, 2016 have been fully paid off.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	9 Months Ended
	Sep. 30, 2017
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, related 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 relate d risks the entity was designed to expose the variable interest holders to. The primary beneficiary is the entity that has both (1) the power to direct the activities of the VIE that most significantly affect the entity’s economic performance and (2) the o bligation 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 influ ence 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 Entities (d) Securitization Vehicles (e) Structured Investment Vehicle Affordable Housing Partnerships Other Total September 30, 2017 Assets: Bonds available for sale $ - $ 10,144 $ - $ - $ - $ 10,144 Other bond securities - 4,427 - - 4 4,431 Mortgage and other loans receivable - 1,641 - - - 1,641 Other invested assets 1,047 218 - 3,050 25 4,340 Other (a) 358 1,196 4 463 83 2,104 Total assets (b) $ 1,405 $ 17,626 $ 4 $ 3,513 $ 112 $ 22,660 Liabilities: Long-term debt $ 465 $ 1,099 $ 3 $ 1,861 $ 5 $ 3,433 Other (c) 112 137 - 209 27 485 Total liabilities $ 577 $ 1,236 $ 3 $ 2,070 $ 32 $ 3,918 December 31, 2016 Assets: Bonds available for sale $ - $ 10,233 $ - $ - $ - $ 10,233 Other bond securities - 4,858 266 - 5 5,129 Mortgage and other loans receivable 1 1,442 - - 104 1,547 Other invested assets 1,052 321 - 2,821 28 4,222 Other (a) 365 1,104 50 384 92 1,995 Total assets (b) $ 1,418 $ 17,958 $ 316 $ 3,205 $ 229 $ 23,126 Liabilities: Long-term debt $ 444 $ 771 $ 56 $ 1,696 $ 6 $ 2,973 Other (c) 224 203 1 211 38 677 Total liabilities $ 668 $ 974 $ 57 $ 1,907 $ 44 $ 3,650 (a) Comprised primarily of Short-term investments and Other assets at September 30, 2017 and December 31, 2016 . (b) The assets of each VIE can be used only to settle specific obligations of that VIE. (c) Comprised primarily of Other liabilities at September 30, 2017 and December 31, 2016 . (d) At September 30, 2017 and December 31, 2016 , off-balance sheet exposure primarily consisting of commitments to real estate and investment entities was $ 98.6 million and $ 106 million, respectively. (e) At September 30, 2017 and December 31, 2016 , $ 17.0 billion and $ 17.3 billion, respectively, of the total assets of consolidated securitization vehicles were owed to AIG Parent or its subsidiaries. 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 a nd 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 (b) Sheet Total September 30, 2017 Real estate and investment entities (a) $ 378,378 $ 9,876 $ 2,019 $ 11,895 Affordable housing partnerships 4,549 736 - 736 Other 2,882 277 1,189 (c) 1,466 Total $ 385,809 $ 10,889 $ 3,208 $ 14,097 December 31, 2016 Real estate and investment entities (a) $ 409,087 $ 11,015 $ 2,115 $ 13,130 Affordable housing partnerships 4,709 785 - 785 Other 2,869 314 1,045 (c) 1,359 Total $ 416,665 $ 12,114 $ 3,160 $ 15,274 (a) Comprised primarily of hedge funds and private equity funds. (b) At September 30, 2017 and December 31, 2016 , $ 10.5 billion and $ 11.7 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets. (c) These amounts represent our estimate of the maximum exposure to loss under certain insurance policies issued to VIEs if a hypothetical loss occurred to the extent of the full amount of the insured value. Our insurance policies cover defined risks and our estimate of liability is included in our insurance reserves on the balance sheet. For additional information on VIEs see Note 10 to the Consolidated Financial Statements in the 2016 Annual Rep ort.

DERIVATIVES AND HEDGE ACCOUNTIN

DERIVATIVES AND HEDGE ACCOUNTING	9 Months Ended
	Sep. 30, 2017
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. For a discussion of our accounting policies and procedures regarding derivatives and hedge accounting see Note 11 to the Consolidated Financial Statements in the 2016 Annual Report . Our businesses use derivatives and other instruments as part of the ir 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. We use credit derivatives to manage our credit exposures. The derivatives are effective economic hedges of the exposures that they are meant to offset. In additio n to hedging activities, we also enter into derivative instruments with respect to investment operations, which may include, among other things, CDSs and purchases of investments with embedded derivatives, such as equity -linked notes and convertible bonds . The following table presents the notional amounts of our derivatives and the fair value of derivative assets and liabilities in the Condensed Consolidated Balance Sheets: September 30, 2017 December 31, 2016 Gross Derivative Assets Gross Derivative Liabilities Gross Derivative Assets Gross Derivative Liabilities Notional Fair Notional Fair Notional Fair Notional Fair (in millions) Amount Value Amount Value Amount Value Amount Value Derivatives designated as hedging instruments: (a) Interest rate contracts $ 290 $ 1 $ 615 $ 9 $ 175 $ - $ 782 $ 11 Foreign exchange contracts 2,634 198 4,546 289 3,527 385 2,602 184 Equity contracts - - 143 3 - - 113 7 Derivatives not designated as hedging instruments: (a) Interest rate contracts 49,801 2,253 33,303 2,245 51,030 2,328 44,211 3,066 Foreign exchange contracts 6,143 669 10,763 1,012 9,468 935 7,674 1,185 Equity contracts 14,340 469 8,224 56 14,060 305 8,633 12 Credit contracts (b) 3 1 975 278 4 2 861 331 Other contracts (c) 38,031 23 61 5 37,633 22 62 6 Total derivatives, gross $ 111,242 $ 3,614 $ 58,630 $ 3,897 $ 115,897 $ 3,977 $ 64,938 $ 4,802 Counterparty netting (d) (1,390) (1,390) (1,265) (1,265) Cash collateral (e) (1,324) (1,395) (903) (1,521) Total derivatives on condensed consolidated balance sheets (f) $ 900 $ 1,112 $ 1,809 $ 2,016 (a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b ) As of September 30, 2017 and December 31, 2016 , included CDSs on super senior multi-sector CDOs with a net notional amount of $ 716 million and $ 801 million (fair value liability of $ 263 million and $ 308 million), respectively. The expected weighted average maturity as of September 30, 2017 is six years. Because of long-term maturities of the CDSs in the portfolio, we are unable to make reasonable estimates of the periods during which any payments would be made. However, the net notional amount r epresents the maximum exposure to loss on the portfolio. As of September 30, 2017 and December 31, 2016 , there were no super senior corporate debt/CLOs remaining. (c) Consists primarily of stable value wraps and contracts with mu ltiple underlying exposures. (d) Represents netting of derivative exposures covered by a qualifying master netting agreement. (e) Represents cash collateral posted and received that is eligible for netting. (f) Freestanding derivatives only, excludes Embed ded derivatives. Derivative instrument assets and liabilities are recorded in Other Assets and Liabilities, respectively. Fair value of assets related to bifurcated Embedded derivatives was zero at both September 30, 2017 and December 31, 2 016. Fair value of liabilities related to bifurcated Embedded derivatives was $ 4.0 billion and $ 3.1 billion , respectively, at September 30, 2017 and December 31, 2016. A bifurcated Embedd ed derivative is generally presented with the host contract in the Condensed Consolidated Balance Sheets. Embedded derivatives are primarily related to guarantee features in variable annuity products, which include equity and interest rate components. 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 Master 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 en able collateral to be obtained from a counterparty on an upfront or contingent basis. We minimize the risk that counterparties might be unable to fulfill their contractual obligations by monitoring counterparty credit exposure and collateral value and gene rally 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 g ive 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 tr ansaction 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 ev ent of such downgrades, or the aggregate amount of payments that we could be required to make, depends on market conditions, the fair value of outstanding affected transactions and other factors prevailing at and after the time of the downgrade. Collateral posted by us to third parties for derivative transactions was $ 3.1 billion and $ 4.5 billion at September 30, 2017 and December 31, 2016 , respectively. In the case of collateral poste d 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 $ 1.3 billion and $ 1.5 billion at September 30, 2017 and December 31, 2016 , respectively. In the case of collateral provided to us under derivative transactions that are not subject to clearing, we generally can repledge or r esell 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 entere d into 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 and cross currency swaps 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 interest rate swaps entered into with third parties as fair value hedges of fixed rate GICs attributable to changes in benchmark interest rates . We use foreign currency denominated debt and cross-currency swaps as hedging instruments in net investment hedge relationships to mitigate the foreign exchange risk associated with our non-U.S. dollar functional currency forei gn subsidiaries. For net investment hedge relationships where issued debt is used as a hedging instrument, we assess the hedge effectiveness and measure the amount of ineffectiveness based on changes in spot rates. For net investment hedge relationships th at use derivatives as hedging instruments, we assess hedge effectiveness and measure hedge ineffectiveness using changes in forward rates. For the three - and nine -month periods ended September 30, 2017 , we recognized lo sses of $ 39 million and $ 87 million, respectively, and for the three - and nine -month periods ended September 30, 2016 , we recognized a gain of $ 1 million and a loss of $ 8 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 effectiv eness 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: Gains/(Losses) Recognized in Earnings for: Including Gains/(Losses) Attributable to: Hedging Hedged Hedge Excluded (in millions) Derivatives (a) Items Ineffectiveness Components Other (b) Three Months Ended September 30, 2017 Interest rate contracts : Realized capital gains/(losses) $ (1) $ 1 $ - $ - $ - Other income - - - - - Foreign exchange contracts : Realized capital gains/(losses) (157) 142 - (15) - Other income - - - - - Equity contracts : Realized capital gains/(losses) (3) 2 - (1) - Three Months Ended September 30, 2016 Interest rate contracts : Realized capital gains/(losses) $ (1) $ 1 $ - $ - $ - Other income - 3 - - 3 Foreign exchange contracts : Realized capital gains/(losses) (10) (34) - (44) - Other income - 3 - - 3 Equity contracts : Realized capital gains/(losses) 8 (9) - (1) - Nine Months Ended September 30, 2017 Interest rate contracts : Realized capital gains/(losses) $ 1 $ (1) $ - $ - $ - Other income - - - - - Foreign exchange contracts : Realized capital gains/(losses) (318) 332 - 14 - Other income - 4 - - 4 Equity contracts : Realized capital gains/(losses) (29) 26 - (3) - Nine Months Ended September 30, 2016 Interest rate contracts : Realized capital gains/(losses) $ - $ (6) $ - $ - $ (6) Other income - 10 - - 10 Foreign exchange contracts : Realized capital gains/(losses) 413 (443) - (30) - Other income - 15 - - 15 Equity contracts : Realized capital gains/(losses) 28 (28) - - - (a) The amounts presented do not include the periodic net coupon settlements of the derivative contract or the coupon income (expense) related to the hedged item. (b) Represents accretion/amortization of opening fair value of the hedged item at inception of hedge relationship, amortization of basis adjustment on hedged item following the discontinuation of hedge accounting, and the release of debt basis adjustment following the repurchase of issued debt that was part of pr eviously-discontinued fair value h edge relationship. Derivatives Not Designated as Hedging Instruments The following table presents the effect of derivative instruments not designated as hedging instruments i n the Condensed Cons olidated Statement s of Income : Gains (Losses) Recognized in Earnings Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2017 2016 2017 2016 By Derivative Type: Interest rate contracts $ (18) $ 91 $ 81 $ 1,464 Foreign exchange contracts (98) 49 (220) 203 Equity contracts (233) (317) (723) (589) Commodity contracts - - - - Credit contracts 19 36 55 70 Other contracts 19 22 55 58 Embedded derivatives (213) 30 (326) (1,255) Total $ (524) $ (89) $ (1,078) $ (49) By Classification: Policy fees $ 20 $ 20 $ 59 $ 60 Net investment income (3) 2 (10) 14 Net realized capital losses (550) (181) (1,250) (93) Other income (losses) 8 69 121 (43) Policyholder benefits and claims incurred 1 1 2 13 Total $ (524) $ (89) $ (1,078) $ (49) Credit Risk-Related Contingent Features The aggregate fair value of our derivative instruments that contain ed credit risk-related contingent features and that were in a net liability position at September 30, 2017 and December 31, 2016 , was approximately $ 2.0 billion and $ 3.0 billion, respectively. The aggregate fair value of assets posted as collateral under these contracts at September 30, 2017 and December 31, 2016 , was approximately $ 2.8 billion and $ 4.0 billion, respectively. We estimate that at September 30, 2017 , based on our outstanding financial derivative transactions, a downgrade of our long-term s enior debt ratings to BBB or BBB– by Standard & Poor’s Financial Services LLC, a subsidiary of S&P Global Inc., and/or a downgrade to Baa2 or Baa3 by Moody’s Investors’ Service, Inc. would permit counterparties to make additional collateral calls and permi t certain counterparties to elect early termination of contracts, resulting in corresponding collateral postings and termination payments in the total amount of up to approximately $ 95 million. 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, 2017 . Factors considered in estimating the termination payments upon downgrade inc lude current market conditions and the terms of the respective CSA provisions. Our estimates are also based on the assumption that counterparties will terminate based on their net exposure to us. The actual termination payments could differ from our estima tes 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 recogniz ed in Net investment income and Other income. Our investments in these hybrid securities are reported as Other bond securities in the Condensed Consolidated Balance Sheets. The fair values of these hybrid securities were $ 4.2 billion and $ 4.8 billion at September 30, 2017 and December 31, 2016 , respectively . These securities have par amounts of $ 9.3 billion and $ 10.1 billion at September 30, 2017 and December 31, 2016 , respectively, and have remaining stated maturit y dates that extend to 2052.

INSURANCE LIABILITIES

INSURANCE LIABILITIES	9 Months Ended
	Sep. 30, 2017
LIABILITY FOR UNPAID CLAIMS AND CLAIMS ADJUSTMENT EXPENSE, FUTURE POLICY BENEFITS FOR LIFE AND ACCIDENT AND HEALTH INSURANCE CONTRACTS, AND POLICYHOLDER CONTRACT DEPOSITS
LIABILITY FOR UNPAID CLAIMS AND CLAIMS ADJUSTMENT EXPENSE, FUTURE POLICY BENEFITS FOR LIFE AND ACCIDENT AND HEALTH INSURANCE CONTRACTS, AND POLICYHOLDER CONTRACT DEPOSITS	10 . Insurance Liabilities Liability for Unpaid Losses and Loss Adjustment Expense s (Loss Reserves) Loss reserves represent the accumulation of estimates of unpaid claims, including estimates for claims incurred but not reported (IBNR) and loss adjustment expenses ( LAE ), less applicable discount. We regularly review and update the methods used to determine loss reserve estimates. Any adjustments resulting from this review are reflected currently in pre-tax income. Because these estimates are subject to the outcome of future events, changes in estimates are common given that loss trends vary and time is often required for changes in trends to be recognized and confirmed. Reserve changes that increase previous estimates of ultimate cost are ref erred to as unfavorable or adverse development or reserve strengthening. Reserve changes that decrease previous estimates of ultimate cost are referred to as favorable development. Our gross loss reserves before reinsurance and discount are net of contract ual deductible recoverable amounts due from policyholders of approximately $ 12.4 billion and $ 12.8 billion at September 30, 2017 and December 31, 2016 , respectively . These recoverable amounts are related t o certain policies with high deductibles (in excess of high dollar amounts retained by the insured through self-insured retentions, deductibles, retrospective programs, or captive arrangements, each referred to generically as “deductibles”), primarily for U.S. commercial casualty business. With respect to the deductible portion of the claim, we manage and pay the entire claim on behalf of the insured and are reimbursed by the insured for the deductible portion of the claim. Thus, these recoverable amounts represent a credit exposure to us. At September 30, 2017 and December 31, 2016 , we held collateral of approximately $ 9.5 billion and $ 9.7 billion, respectively, for these deducti ble recoverable amounts, consisting primarily of letters of credit and funded trust agreements. The following table presents the roll forward of activity in Loss Reserves: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2017 2016 2017 2016 Liability for unpaid loss and loss adjustment expenses, beginning of period $ 76,422 $ 74,143 $ 77,077 $ 74,942 Reinsurance recoverable (27,660) (14,520) (15,532) (14,339) Net Liability for unpaid loss and loss adjustment expenses, beginning of period 48,762 59,623 61,545 60,603 Foreign exchange effect 330 (147) 688 53 Dispositions (a) - - - - Retroactive reinsurance adjustment (net of discount) (b) 22 - (11,438) - Total 49,114 59,476 50,795 60,656 Losses and loss adjustment expenses incurred : Current year 7,511 4,960 16,021 14,896 Prior years, excluding discount and amortization of deferred gain 901 274 1,354 214 Prior years, discount charge (benefit) 48 32 283 323 Prior years, amortization of deferred gain on retroactive reinsurance (c) (75) - (195) - Total losses and loss adjustment expenses incurred 8,385 5,266 17,463 15,433 Losses and loss adjustment expenses paid : Current year (1,634) (1,948) (3,342) (3,945) Prior years (3,395) (3,779) (12,438) (13,129) Total losses and loss adjustment expenses paid (5,029) (5,727) (15,780) (17,074) Reclassified to liabilities held for sale (d) 8 (1,060) - (1,060) Liability for unpaid loss and loss adjustment expenses, end of period: Net liability for unpaid losses and loss adjustment expenses 52,478 57,955 52,478 57,955 Reinsurance recoverable 27,609 14,501 27,609 14,501 Total $ 80,087 $ 72,456 $ 80,087 $ 72,456 (a) Includes amounts related to dispositions through the date of disposition. Includes sale of U nited G uaranty and Ascot Underwriting Holdings Limited , Ascot Corporate Name Limited and Ascot Employees Corporate Member Limited (Ascot) . (b) Includes discount on retroactive reinsurance in the amount of $53 million and $1.5 billion for the three - and nine-month periods ended September 3 0 , 2017, respectively . (c) Includes $6 million and $11 million for the 2011 retroactive reinsurance agreemen t with NICO covering U.S. asbestos exposures for the three - and nine-month periods ended September 3 0 , 2017, respectively . (d ) Represents change in loss reserves included in our pending sale of certain of our insurance operations to Fairfax for the three - and nine-month periods ended September 3 0 , 2017. Upon consummation of the sale, we may retain a portion of these reserves through reinsurance arrangements. On January 20, 2017, we entered into an adverse development reinsurance agreement with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway Inc. (Berkshire) , under which we transferred to NICO 80 percent of the reserve risk on substantially all of our U.S. Commercial long-tail exposures for accident years 2015 and prior. Under this agreement, we ceded to NICO 80 percent of the paid losses on subject business paid on or after January 1, 2016 in excess of $25 billion of net paid losses, up to an aggregate limit of $25 billion. At NICO’s 80 percent share, NICO’s limit of liability under the contract is $20 billion. We account for this transaction as retroactive reinsurance. We paid total consideration, including interest, of $10.2 billion. The consideration was placed into a collateral trust account as security for NICO’s claim payment obligations, and Berkshire has provided a parental guarantee to secure the ob ligations of NICO under the agreement. On June 14, 2017, a catastrophic fire occurred at Grenfell Tower, a 24-story residential housing block in London, UK, resulting in damage to the property and loss of lives . As of September 30, 2017, o ur net exposure t o loss on this event was not estimable as the forensic investigation wa s incomplete and the list of potential insureds (and any potential liability) wa s unclear. There may also be other policyholders involved as the matter evolves. Discounting of Loss Reserves At September 30, 2017 , the loss reserves reflect a net loss reserve discount of $1.8 billion, including tabular and non-tabular calculations based upon the following assumptions: Certain asbestos claims are discounted when allowed by the regulator and when payments are fixed and determinable, based on the investment yields of the companies and the payout pattern for the claims. At December 31, 2016, the discount for asbestos reserves was fully amortized. The tabular workers’ compensation discount is calculated based on a 3.5 percent interest rate and the mortality rate used in the 2007 U.S. Life Table. The non-tabular workers’ compensation discount is calculated separately for companies d omiciled in New York and Pennsylvania, and follows the statutory regulations (prescribed or permitted) for each state. For New York companies, the discount is based on a 5 percent interest rate and the companies’ own payout patterns. In 2012, for Pennsylv ania companies, the statute has specified discount factors for accident years 2001 and prior, which are based on a 6 percent interest rate and an industry payout pattern. For accident years 2002 and subsequent, the discount is based on the payout patterns and investment yields of the companies. In 2013, our Pennsylvania regulator approved use of a consistent discount rate (U.S. Treasury rate plus a liquidity premium) to all of our workers’ compensation reserves in our Pennsylvania-domiciled companies, as well as our use of updated payout patterns specific to our primary and excess workers compensation portfolios. In the fourth quarter of 2016, our Pennsylvania and Delaware regulators approved an updated discount rate that we applied to our workers’ compe nsation loss reserves for the legal entities domiciled in those states. The discount consists of $491 million of tabular discount and $1.3 billion of non-tabular discount for workers’ compensation. During the nine -month periods ended September 30, 2017 and 2016 , the charge from changes in discount of $283 million and $321 million, respectively, were recorded as part of the policyholder benefits and losses incurred in the Condensed Consolidated Statement of Income. For t he nine -month period ended September 30, 2017 , the discount on workers’ compensation reserves decreased by $1.5 billion due to the impact of the adverse development reinsurance agreement with NICO. During the nine -month period ended September 30, 2017 , the forward yield curve component of the discount rates d ecreased reflecting a decline in the U.S. Treasury rates which resulted in a $138 million decrease in the loss reserve discou nt. During the nine -month period ended September 30, 2016 , the forward yield curve component of the discount rates decreased reflecting a decline in U.S. Treasury rates which resulted in a $295 million decrease in the loss reserve discount. The following table presents the components of the loss reserve discount discussed above: September 30, 2017 December 31, 2016 Legacy Portfolio Legacy Portfolio U.S. Liability - Property and U.S. Liability - Property and and Casualty run-off and Casualty run-off (in millions) Financial Lines Insurance Lines Total Financial Lines Insurance Lines Total U.S. workers' compensation $ 2,376 $ 911 $ 3,287 $ 2,583 $ 987 $ 3,570 Retroactive reinsurance (1,494) - (1,494) - - - Total reserve discount * $ 882 $ 911 $ 1,793 $ 2,583 $ 987 $ 3,570 * Excludes $ 167 million and $181 million of discount related to certain long tail liabilities in the United Kingdom at September 30, 2017 and December 31, 2016, respectively. The following table s present increase (decrease) in the net loss reserve discount : Three Months Ended September 30, 2017 2016 Legacy Portfolio Legacy Portfolio U.S. Liability - Property and U.S. Liability - Property and and Casualty run-off and Casualty run-off (in millions) Financial Lines Insurance Lines Total Financial Lines Insurance Lines Total Current accident year $ 33 $ - $ 33 $ 37 $ - $ 37 Accretion and other adjustments to prior year discount (100) 25 (75) (43) (12) (55) Effect of interest rate changes (7) 1 (6) (11) (3) (14) Net reserve discount benefit (charge) (74) 26 (48) (17) (15) (32) Change in discount on loss reserves ceded under retroactive reinsurance (a) 53 - 53 - - - Net change in total reserve discount (b) $ (21) $ 26 $ 5 $ (17) $ (15) $ (32) Comprised of: U.S. Workers' compensation $ (21) $ 26 $ 5 $ (17) $ (15) $ (32) Asbestos $ - $ - $ - $ - $ - $ - Nine Months Ended September 30, 2017 2016 Legacy Portfolio Legacy Portfolio U.S. Liability - Property and U.S. Liability - Property and and Casualty run-off and Casualty run-off (in millions) Financial Lines Insurance Lines Total Financial Lines Insurance Lines Total Current accident year $ 94 $ - $ 94 $ 118 $ - $ 118 Accretion and other adjustments to prior year discount (205) (34) (239) (104) (42) (146) Effect of interest rate changes (96) (42) (138) (196) (99) (295) Net reserve discount benefit (charge) (207) (76) (283) (182) (141) (323) Change in discount on loss reserves ceded under retroactive reinsurance (1,494) - (1,494) - - - Net change in total reserve discount (c) $ (1,701) $ (76) $ (1,777) $ (182) $ (141) $ (323) Comprised of: U.S. Workers' compensation $ (1,701) $ (76) $ (1,777) $ (182) $ (139) $ (321) Asbestos $ - $ - $ - $ - $ (2) $ (2) (a) Included in the deferred gain from retroactive reinsurance reported in other liabilities. ( b ) Excludes $(18 ) million and $4 million of discount related to certain long tail liabilities in the United Kingdom for the three-month period ended September 30, 2017 and 2016, respectively. ( c ) Excludes $20 million and $(16) million of discount related to certain long tail liabilities in the United Kingdom for the nine-month period ended September 30, 2017 and 2016, re spectively.

CONTINGENCIES, COMMITMENTS AND

CONTINGENCIES, COMMITMENTS AND GUARANTEES	9 Months Ended
	Sep. 30, 2017
CONTINGENCIES, COMMITMENTS AND GUARANTEES
CONTINGENCIES, COMMITMENTS AND GUARANTEES	11 . 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 consolidate d 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 f inancial services industries in general, subject to litigation, including claims for punitive damages. In our insurance operations, litigation arising from claims settlement activities is generally considered in the establishment of our loss reserves. Howe ver, 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 oth er 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 o f 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 Portfoli o and Related Matters AIG, AIG Financial Products Corp. and related subsidiaries (collectively 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. resid ential 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 Exposu re Issues). Consolidated 2008 Securities Litigation. On May 19, 2009, a consolidated class action complaint, resulting from the consolidation of eight purported securities class actions filed between May 2008 and January 2009, was filed agains t 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 (SDNY) in In re American International Group, Inc. 2008 Securities Litigation (the Consolidated 2008 Securities Litigation), asserting claims under the Securities Exchange Act of 1934, as amended (the Exchange Act), and claims under the Securities Act of 1933, as amended (the Securities Act), for alle gedly materially false and misleading statements in AIG’s public disclosures from March 16, 2006 to September 16, 2008 relating to, among other things, the Subprime Exposure Issues. In 2014, lead plaintiff, AIG and AIG’s outside auditor accepted mediators’ proposals to settle the Consolidated 2008 Securities Litigation against all defendants. On October 22, 2014, AIG paid the settlement amount of $ 960 million. On March 20, 2015, the Court issued an Order and Final Judgment approving the clas s settlement and dismissing the action with prejudice, and the AIG settlement became final on June 29, 2015. Individual Securities Litigations. Between November 18, 2011 and February 9, 2015, eleven separate, though similar, securities actions (Individual Securities Litigations) were filed in or transferred to the SDNY, asserting claims substantially similar to those in the Consolidated 2008 Securities Litigation against AIG and certain directors and officers of AIG and AIGFP. Two of the actions were volunt arily dismissed. On September 10, 2015, the SDNY granted AIG’s motion to dismiss some of the claims in the Individual Securities Litigations in whole or in part. AIG has settled eight of the nine remaining actions. The remaining Individual Securities Litig ation pending in the SDNY was brought by a series of institutional investor funds. After the court’s decision granting AIG’s motion to dismiss plaintiff’s claims in part, the claims in the remaining action are limited to a claim under Section 10(b) of the Exchange Act for allegedly materially false and misleading statements in AIG’s public disclosures from February 8, 2008 to September 16, 2008 relating to, among other things, the Subprime Exposure Issues. On January 17, 2017, AIG filed a motion for summary judgment to dismiss the vast majority of the institutional investor funds’ remaining claims . On March 27, 2015, an additional securities action was filed in state court in Orange County, California asserting a claim against AIG pursuant to Section 11 of the Securities Act (the California Action) that is substantially similar to those in the Consolidated 2008 Securities Litigation and the Individual Securities Litigations. The tria l court overruled AIG’s demurrer to dismiss all of the claims asserted in the California Action, which AIG appealed to the California Court of Appeals for the Fourth Appellate District. In light of a Supreme Court decision addressing the timeliness of claims like those asserted in the California Action , plaintiffs filed a voluntary request for dismissal on June 30, 2017, which has the same effect as a judgment of dismissal . On July 18, 2017, the California Court of Appeals for the Fourth Appellate District dismissed AIG ’s appeal as moot. We have accrued our current estimate of probable loss with respect to these litigations. Starr International Litigation On November 21, 2011, Starr International Company, Inc. (SICO) filed a complaint against the United States in the Un ited 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 assista nce 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 othe r comparable firms at the time and violated the Equal Protection, Due Process, and Takings Clauses of the U.S. Constitution. 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 J anuary 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 co mplaint 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 due to our Board ’s refusal of SICO’s demand and denied the United States’ motion to dismiss SICO’s direct, non-derivative 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 (the Credit Agreement Shareholder Class); 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 (the Reverse Stock Split Shareholder Class). 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. 286,908 holders of AIG Common Stock during the two class peri ods have opted into the classes. On June 15, 2015, the Court of Federal Claims issued its opinion and order in the SICO Treasury Action. The Court found that the United States exceeded its statutory authority by exacting approximately 80 percent of AIG’s equity in exchange for the FRBNY Credit Facility, but that AIG shareholders suffered no damages as a result. SICO argued during trial that the two classes are entitled to a total of approximately $ 40 billion in damages, plus interest. The Court also found that the United States was not liable to the Reverse Stock Split Class in connection with the reverse stock split vote at the June 30, 2009 annual meeting of shareholders. On June 17, 2015, the Court of Federal Claims e ntered judgment stating that “the Credit Agreement Shareholder Class shall prevail on liability due to the Government's illegal exaction, but shall recover zero damages, and that the Reverse Stock Split Shareholder Class shall not prevail on liability or d amages.” SICO filed a notice of appeal of the July 2, 2012 dismissal of SICO’s unconstitutional conditions claim, the June 26, 2013 dismissal of SICO’s derivative claims, the Court’s June 15, 2015 opinion and order, and the Court’s June 17, 2015 judgment to the United States Court of Appeals for the Federal Circuit. The United States filed a notice of cross appeal of the Court’s July 2, 2012 opinion and order denying in part its motion to dismiss, the Court’s June 26, 2013 opinion and order denying its mot ion to dismiss SICO’s direct claims, the Court’s June 15, 2015 opinion and order, and the Court’s June 17, 2015 judgment to the United States Court of Appeals for the Federal Circuit. On May 9, 2017, the Court of Appeals for the Federal Circuit: (i) vacate d the Court of Federal Claims judgment on the Credit Agreement Shareholder Class and remanded with instructions f or dismissal of that class , and (i i) affirmed the finding of no liability with respect to the Reverse Stock Split Cla ss . On October 6, 2017, SICO filed a petition for writ of certiorari with the United States Supreme Court. In the Court of Federal Claims, 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. AIG believes that any indemnification obligation would arise only if: (a) SICO prevails on its appeal and ulti mately receives an award of damages; (b) the United States then commences an action against AIG seeking indemnification; and (c) the United States is successful in such an action through any appellate process. If SICO prevails on its claims and the United States seeks indemnification from AIG, AIG intends to assert defenses thereto. A reversal of the Court of Federal Claim’s June 17, 2015 decision and judgment and a final determination that the United States is liable for damages, together with a final dete rmination 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. 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 $ 3.1 billion at September 30, 2017 . 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 Ma rkets 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 t ransactions 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, 2017 was $ 139 mil lion. 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 pay ments 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 standb y 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 generall y economically defeased, lessee bankruptcy is the most likely circumstance in which AIGFP would be required to pay without reimbursement. AIG Parent files a consolidated federal income tax return with certain subsidiaries and acts as an agent for the conso lidated tax group when making payments to the Internal Revenue Service (IRS). AIG Parent and its subsidiaries have adopted, pursuant to a written agreement, a method of allocating consolidated federal income taxes. Under an Amended and Restated Tax Payment Allocation Agreement dated June 6, 2011 between AIG Parent and one of its Bermuda-domiciled insurance subsidiaries, AIG Life of Bermuda, Ltd. (AIGB), AIG Parent has agreed to indemnify AIGB for any tax liability (including interest and penalties) resultin g from adjustments made by the IRS or other appropriate authorities to taxable income, special deductions or credits in connection with investments made by AIGB in certain affiliated entities. Asset Dispositions We are subject to financial guarantees and i ndemnity 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 contingencie s, 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 o f 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 t he 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 arrangemen ts have been recorded in the Condensed Consolidated Balance Sheets. Other For additional discussion on commitments and guarantees associated with VIEs see Note 8 to the Condensed Co nsolidated Financial Statements. For additional disclosures about der ivatives see Note 9 to the Condensed Consolidated Financial Statements. For additional disclosures about guarantees of outstanding debt see Note 16 to the Condensed Consolidated Financial Statements

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2017
EQUITY
EQUITY	12 . Equity Shares Outstanding The following table presents a rollforward of outstand ing shares : Nine Months Ended September 30, 2017 Common Treasury Common Stock Stock Issued Stock Outstanding Shares, beginning of year 1,906,671,492 (911,335,651) 995,335,841 Shares issued - 3,221,892 3,221,892 Shares repurchased - (99,677,646) (99,677,646) Shares, end of period 1,906,671,492 (1,007,791,405) 898,880,087 Dividends D ividends are payable on AIG Common Stock only when, as and if declared by our Board of Directors in its discretion, from funds legally available for this purpose. 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 insurance operations and business strategies, AIG’s funding capacity and capital re sources 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. The f ollowing table presents record date, payment date and dividends paid per share on AIG Common Stock: Dividends Paid Record Date Payment Date Per Share September 15, 2017 September 29, 2017 $ 0.32 June 14, 2017 June 28, 2017 0.32 March 15, 2017 March 29, 2017 0.32 September 15, 2016 September 29, 2016 0.32 June 13, 2016 June 27, 2016 0.32 March 14, 2016 March 28, 2016 0.32 For a discussion of restrictions on payments of dividends to AIG Parent by its subsidiaries see Note 19 to the Consolidated Financial Statements in the 2016 Annual Report . Repurchase of AIG Common Stock The following table presents repurchases of AIG Common Stock and warrants to purchase shares of AIG Common Stock: Nine Months Ended September 30, (in millions) 2017 2016 Aggregate repurchases of common stock $ 6,275 $ 8,506 Total number of common shares repurchased 100 153 Aggregate repurchases of warrants $ 3 $ 263 Total number of warrants repurchased * - 15 * For the nine-month period ended September 30, 2017, we repurchased 185,000 warrants to purchase shares of AIG Common Stock . Our Board of Directors has authorized the repurchase of shares of AIG Common Stock through a series of actions. On May 3, 2017, our Board of Directors authorized an additional increase of $ 2.5 billion to its previous share repurchase authorization. As of September 30, 2017 , approximately $ 2.2 billion remained under our share repurchase authorization. Shares may be repurchased from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions or otherwise (includi ng through the purchase of warrants) . Certain of our share repurchases have been and may from time to time be effected through Exchange Act Rule 10b5-1 repurchase plans. The timing of any future repurchases will depend on market conditions, our business an d strategic plans, 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 Unrealized Maturity Securities on Appreciation Foreign Retirement Which Other-Than- (Depreciation) Currency Plan Temporary Credit of All Other Translation Liabilities (in millions) Impairments Were Taken Investments Adjustments Adjustment Total Balance, December 31, 2016, net of tax $ 426 $ 6,405 $ (2,629) $ (972) $ 3,230 Change in unrealized appreciation of investments 564 3,693 - - 4,257 Change in deferred policy acquisition costs adjustment and other * (56) (1,269) - - (1,325) Change in future policy benefits - (425) - - (425) Change in foreign currency translation adjustments - - 474 - 474 Change in net actuarial loss - - - 134 134 Change in prior service cost - - - 6 6 Change in deferred tax liability (178) (159) (27) (48) (412) Total other comprehensive income 330 1,840 447 92 2,709 Noncontrolling interests - - - - - Balance, September 30, 2017, net of tax $ 756 $ 8,245 $ (2,182) $ (880) $ 5,939 Balance, December 31, 2015, net of tax $ 696 $ 5,566 $ (2,879) $ (846) $ 2,537 Change in unrealized appreciation (depreciation) of investments (318) 10,873 - - 10,555 Change in deferred policy acquisition costs adjustment and other (40) (887) - - (927) Change in future policy benefits - (2,099) - - (2,099) Change in foreign currency translation adjustments - - 179 - 179 Change in net actuarial loss - - - 13 13 Change in prior service credit - - - (20) (20) Change in deferred tax asset (liability) 248 (1,585) 153 3 (1,181) Total other comprehensive income (loss) (110) 6,302 332 (4) 6,520 Noncontrolling interests - - - - - Balance, September 30, 2016, net of tax $ 586 $ 11,868 $ (2,547) $ (850) $ 9,057 * In cludes net unrealized gains attributable to businesses held for sale. The following table presents the other comprehensive income reclassification adjustments for the three - and nine -month periods ended September 30, 2017 and 2016 , respectively : Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Unrealized Which Other-Than- Appreciation Foreign Retirement Temporary Credit (Depreciation) Currency Plan Impairments Were of All Other Translation Liabilities (in millions) Taken Investments Adjustment Adjustment Total Three Months Ended September 30, 2017 Unrealized change arising during period $ 160 $ 831 $ 328 $ 38 $ 1,357 Less: Reclassification adjustments included in net income 10 133 - (58) 85 Total other comprehensive income, before income tax expense 150 698 328 96 1,272 Less: Income tax expense 53 206 3 33 295 Total other comprehensive income, net of income tax expense $ 97 $ 492 $ 325 $ 63 $ 977 Three Months Ended September 30, 2016 Unrealized change arising during period $ 147 $ 816 $ 21 $ (8) $ 976 Less: Reclassification adjustments included in net income 6 163 - (3) 166 Total other comprehensive income, before income tax expense (benefit) 141 653 21 (5) 810 Less: Income tax expense (benefit) (76) 187 (90) (9) 12 Total other comprehensive income, net of income tax expense (benefit) $ 217 $ 466 $ 111 $ 4 $ 798 Nine Months Ended September 30, 2017 Unrealized change arising during period $ 553 $ 2,610 $ 474 $ 62 $ 3,699 Less: Reclassification adjustments included in net income 45 611 - (78) 578 Total other comprehensive income, before income tax expense 508 1,999 474 140 3,121 Less: Income tax expense 178 159 27 48 412 Total other comprehensive income, net of income tax expense $ 330 $ 1,840 $ 447 $ 92 $ 2,709 Nine Months Ended September 30, 2016 Unrealized change arising during period $ (252) $ 8,733 $ 179 $ (18) $ 8,642 Less: Reclassification adjustments included in net income 106 846 - (11) 941 Total other comprehensive income (loss), before income tax expense (benefit) (358) 7,887 179 (7) 7,701 Less: Income tax expense (benefit) (248) 1,585 (153) (3) 1,181 Total other comprehensive income (loss), net of income tax expense (benefit) $ (110) $ 6,302 $ 332 $ (4) $ 6,520 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 Statement s of Income: Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Condensed Consolidated Statements of Income Three Months Ended September 30, (in millions) 2017 2016 Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken Investments $ 10 $ 6 Other realized capital gains Total 10 6 Unrealized appreciation (depreciation) of all other investments Investments 48 182 Other realized capital gains Deferred acquisition costs adjustment 85 (19) Amortization of deferred policy acquisition costs Future policy benefits - - Policyholder benefits and losses incurred Total 133 163 Change in retirement plan liabilities adjustment Prior - service credit - 4 * Actuarial losses (58) (7) * Total (58) (3) Total reclassifications for the period $ 85 $ 166 Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Condensed Consolidated Statements of Income Nine Months Ended September 30, (in millions) 2017 2016 Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken Investments $ 45 $ 106 Other realized capital gains Total 45 106 Unrealized appreciation (depreciation) of all other investments Investments 415 843 Other realized capital gains Deferred acquisition costs adjustment 196 3 Amortization of deferred policy acquisition costs Future policy benefits - - Policyholder benefits and losses incurred Total 611 846 Change in retirement plan liabilities adjustment Prior - service credit 1 13 * Actuarial losses (79) (24) * Total (78) (11) - Total reclassifications for the period $ 578 $ 941 - * 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 .

EARNINGS PER SHARE (EPS)

EARNINGS PER SHARE (EPS)	9 Months Ended
	Sep. 30, 2017
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 d iluted 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 po tential common shares outstanding and adjusted to reflect all stock dividends and stock splits. The following table presents the compu tation of basic and diluted EPS: Three Months Ended Nine Months Ended September 30, September 30, (dollars in millions, except per share data) 2017 2016 2017 2016 Numerator for EPS: Income (loss) from continuing operations $ (1,712) $ 433 $ 609 $ 2,211 Less: Net income (loss) from continuing operations attributable to noncontrolling interests 26 (26) 40 (35) Income (loss) attributable to AIG common shareholders from continuing operations (1,738) 459 569 2,246 Income (loss) from discontinued operations, net of income tax expense (1) 3 7 (54) Net income (loss) attributable to AIG common shareholders $ (1,739) $ 462 $ 576 $ 2,192 Denominator for EPS: Weighted average shares outstanding - basic 908,667,044 1,071,295,892 938,130,832 1,113,650,878 Dilutive shares - 31,104,878 23,165,114 29,049,329 Weighted average shares outstanding - diluted (a) (b) 908,667,044 1,102,400,770 961,295,946 1,142,700,207 Income per common share attributable to AIG: Basic: Income (loss) from continuing operations $ (1.91) $ 0.43 $ 0.60 $ 2.02 Income (loss) from discontinued operations $ - $ - $ 0.01 $ (0.05) Income (loss) attributable to AIG $ (1.91) $ 0.43 $ 0.61 $ 1.97 Diluted: Income (loss) from continuing operations $ (1.91) $ 0.42 $ 0.59 $ 1.97 Income (loss) from discontinued operations $ - $ - $ 0.01 $ (0.05) Income (loss) attributable to AIG $ (1.91) $ 0.42 $ 0.60 $ 1.92 Shares in the diluted EPS calculation represent basic shares for the three-month period ended September 30, 2017 due to the net loss in that period. The shares excluded from the calculation were 22,459,868 shares. Dilutive shares include our share -based employee compensation plans and a weighted average portion of the warrants issued to AIG shareholders as part of AIG’s recapitalization in January 2011. The number of shares excluded from diluted shares outstanding was 2.4 million and 2.0 mi llion for the three - and nine - month periods ended September 30, 2017 , respectively, and 0.1 million and 0.2 mi llion for the three - and nine - month periods end ed September 30, 2016 , respectively, because the effect of including those shares in the calculation would have be en anti-dilutive.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	9 Months Ended
	Sep. 30, 2017
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS	14 . Employee Benefits We sponsor various defined benefit pension plans, post-retirement medical and life insurance plans for eligible employees and retirees in the U.S. and certain non-U.S. countries. 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, 2017 Components of net periodic benefit cost: Service cost $ (5) $ 7 $ 2 $ - $ 1 $ 1 Interest cost 41 4 45 2 1 3 Expected return on assets (66) (6) (72) - - - Amortization of prior service credit - - - - - - Amortization of net (gain) loss 6 3 9 - - - Curtailment gain - (5) (5) - - - Settlement (Credit)/Charges 50 - 50 - - - Net periodic benefit cost (credit) $ 26 $ 3 $ 29 $ 2 $ 2 $ 4 Three Months Ended September 30, 2016 Components of net periodic benefit cost: Service cost $ 6 $ 8 $ 14 $ 1 $ - $ 1 Interest cost 45 5 50 2 - 2 Expected return on assets (72) (7) (79) - - - Amortization of prior service credit - - - (2) - (2) Amortization of net loss 7 2 9 (1) 1 - Curtailment gain - (2) (2) - - - Settlement (Credit)/Charges - - - - - - Net periodic benefit cost (credit) $ (14) $ 6 $ (8) $ - $ 1 $ 1 Nine Months Ended September 30, 2017 Components of net periodic benefit cost: Service cost $ 8 $ 23 $ 31 $ 1 $ 2 $ 3 Interest cost 126 12 138 5 3 8 Expected return on assets (194) (18) (212) - - - Amortization of prior service credit - - - (1) - (1) Amortization of net (gain) loss 20 9 29 - - - Curtailment gain - (5) (5) - - - Settlement (Credit)/Charges 50 - 50 - - - Net periodic benefit cost (credit) $ 10 $ 21 $ 31 $ 5 $ 5 $ 10 Nine Months Ended September 30, 2016 Components of net periodic benefit cost: Service cost $ 15 $ 23 $ 38 $ 2 $ 2 $ 4 Interest cost 136 15 151 5 2 7 Expected return on assets (219) (20) (239) - - - Amortization of prior service credit - - - (7) - (7) Amortization of net loss 19 6 25 (1) 1 - Curtailment gain - (5) (5) - - - Settlement (Credit)/Charges - - - - - - Net periodic benefit cost (credit) $ (49) $ 19 $ (30) $ (1) $ 5 $ 4 For the nine -month period ended September 30, 2017 , we contributed $ 310 million to the U.S. AIG Retirement Plan. The lump sum benefit payments through September 30, 2017 exceeded the annual service cost and interest cost components of the pension expense resulting in a settlement loss as of September 30, 2017 .

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2017
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 ra te, primarily certain changes in the realizability of deferred tax assets and uncertain tax positions. As of September 30, 2017, the annual effective tax rate includes the tax effects of significant catastrophe losses recognized in the third quarter of 201 7. Interim Tax Expense (Benefit) For the three -month period ended September 30, 2017 , the effective tax rate on loss from continuing operations was 38.9 percent . The effective tax rat e on loss from continuing operations differs from the statutory tax rate of 35 percent primarily due to tax benef its associated with tax exempt inco me and reclassifications from accumulated other comprehensive income to income from continuing operations re lated to the disposal of available for sale securities , partially offset by tax charges related to losses in our European operations taxed at a statutory tax rate lower than 35 percent. For the nine -month period ended September 30, 2017 , the effective tax rate on income from continuing operations was not meaningful, due to a tax benefit on pre-tax income . The tax benef it was primarily due to tax exempt inco me, reclassifications from accumulated other comprehensive income to income from continuing operations related to the disposal of available for sale securities and excess tax deductions related to share based compensation payments recorded through the income statement in accordance with ASU 2016-09 , partially offset by tax charges related to increases in uncertain tax positions associated with the impact of settlement discussions with the IRS related to certain open tax issues and losses in our European operations taxed at a statutory tax rate lower than 35 percent. For the three -month period ended September 30, 2016 , the effective tax rate on income from continuing operations was 41.2 percent. The effective tax rate on income from continuing operations differs fro m the statutory tax rate of 35 percent primarily due to foreign exchange losses incurred by our foreign subsidiaries related to the weakening of the British pound following the Brexit vote taxed at a statutory tax rate lower than 35 percent, partially offs et by tax benefits associated with tax exempt interest income and reclassifications from accumulated other comprehensive income to income from continuing operations related to the disposal of available for sale securities. For the nine -month period ended September 30, 2016 , the effective tax rate on income from continuing operations was 34.6 percent. The effective tax rate 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, the impact of an agreement reached with the IRS related to certain tax issues under audit and reclassifications from accumulated other comprehensive income to inc ome from continuing operations related to the disposal of available for sale securities, partially offset by a tax charge and related interest associated with increases in uncertain tax positions related to cross border financing transactions and foreign e xchange losses incurred by our foreign subsidiaries related to the weakening of the British pound following the Brexit vote taxed at a statutory tax rate lower than 35 percent . 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 rea lized. 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 val uation 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 rec ent 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 def erred tax asset. In performing our assessment of the recoverability of the deferred tax asset under this framework, we consider tax laws governing the utilization of the net operating loss, capital loss and foreign tax credit carryforwards in each applicab le jurisdiction. Under U.S. tax law, a company generally must use its net operating loss carryforwards before it can use its foreign tax credit carryforwards, even though the carryforward period for the foreign tax credit is shorter than for the net opera ting loss. Our U.S. federal consolidated income tax group includes both life companies and non-life companies. While the U.S. taxable income of our non-life companies can be offset by the net operating loss carryforwards, only a portion (no more than 35 percent) of the U.S. taxable income of our life companies can be offset by those net operating loss carryforwards. The remaining tax liability of our life companies can be offset by the foreign tax credit carryforwards. Accordingly, we utilize both the n et operating loss and foreign tax credit carryforwards concurrently which enables us to realize our tax attributes prior to expiration. As of September 30, 2017 , based on all available evidence, it is more likely than not that the U.S. net o perating loss and foreign tax credit carryforwards will be utilized prior to expiration and, thus, no valuation allowance has been established. Estimates of future taxable income, including income generated from prudent and feasible actions and tax plannin g strategies could change in the near term, perhaps materially, which may require us to consider any potential impact to our assessment of the recoverability of the deferred tax asset. Such potential impact could be material to our consolidated financial c ondition or results of operations for an individual reporting period. For the three - and nine -month periods ended September 30, 2017 , recent changes in market conditions, including interest rate fluctuations, impacted t he unrealized tax gains and losses in the U.S. Life Insurance Companies’ available for sale securities portfolio, resulting in a deferred tax liability related to net unrealized tax capital gains. As of June 30, 2017 , based on all available evid ence, we concluded that the valuation allowance should be released. As a result, for the six-month period ended June 30, 2017 , we released $ 468 million of valuation allowance associated with the unrealiz ed tax losses in the U.S. Life Insurance Companies’ available for sale securities portfolio, all of which was allocated to other comprehensive income. As of September 30, 2017 , we continue to be in an overall unrealized tax gain position wit h respect to the U.S. Life Insurance Companies’ available for sale securities portfolio and thus concluded no valuation allowance is necessary in the U.S. Life Insurance Companies’ available for sale securities portfolio. For the three - and nine -month periods ended September 30, 2017 , recent changes in market conditions, including interest rate fluctuations, impacted the unrealized tax gains and losses in the U.S. Non-Life Companies’ available for sale securities portfo lio, resulting in a deferred tax liability related to net unrealized tax capital gains. As of June 30, 2017 , based on all available evidence, we concluded that the valuation allowance should be released. As a result, for the six-month period end ed June 30, 2017 , we released $ 260 million of valuation allowance associated with the unrealized tax losses in the U.S. Non-Life Companies’ available for sale securities portfolio, all of which was al located to other comprehensive income. As of September 30, 2017 , we continue to be in an overall unrealized tax gain position with respect to the U.S. Non-Life Companies’ available for sale securities portfolio and thus concluded no valuatio n allowance is necessary in the U.S. Non-Life Companies’ available for sale securities portfolio. For the three - and nine -month period s ended September 30, 2017 , we recognized net in crease s of $ 24 million and $ 1 million , respectively, in our deferred tax asset valuation allowance associated with certain foreign jurisdictions, primarily attributable to current y ear activity. For both the three - and nine -month period s ended September 30, 2017 , we recognized a $ 26 million decrease in our deferred tax asset valuation allowan ce associated wi th certain state jurisdictions, primarily as a result of the beneficial impact of tax law changes enacted in the third quarter of 2017. Tax Examinations and Litigation On August 1, 2012, we filed a motion for partial summary judgment related to the disallowance of foreign tax credits associated with cross border financing transactions in the Southern District of New York. The Southern District of New York denied our summary judgment motion and upon AIG’s appeal, the U.S. Court of Appea ls for the Second Circuit (the Second Circuit) affirmed the denial. AIG’s petition for certiorari to the U.S. Supreme Court from the decision of the Second Circuit was denied on March 7, 2016. As a result, the case has been remanded back to the Southern D istrict of New York for a jury trial. We will vigorously defend our position and continue to believe that we have adequate reserves for any liability that could result from these government actions. We continue to monitor legal and other developments in th is area, including recent decisions affecting other taxpayers, and evaluate their effect, if any, on our position. Accounting for Uncertainty in Income Taxes At September 30, 2017 and December 31, 2016 , our unrecognized tax benef its, excluding interest and penalties were $ 4.6 billion and $ 4.5 billion, respectively. The nine-month period ended September 30, 2017 reflects increases in unrecog nized tax benefits associated with the impact of settlement discussions with the IRS related to certain open tax issues. At both September 30, 2017 and December 31, 2016 , our unrecognized tax benefits related to tax positions that, if recognized, would not affect the effective tax rate because they relate to such factors as the timing, rather than the permissibility, of the deduction were $ 0.1 billion. Accordingly, at September 30, 2017 and December 31, 2016 , the amounts of unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate were $ 4.5 billion and $ 4.4 billion, respectively. Interest and penalties related to unrecognized tax benefits are recognized in income tax expense. At September 30, 2017 and December 31, 2016 , we had accrued liabilities of $ 1.3 billion and $ 1.2 billion , respectively, for the payment of interest (net of the federal benefit) and penalties. For the nine -month per iods ended September 30, 2017 and 2016 , we accrued expense (benefit) of $ 102 million and $ (16) million , respectively, for the payment o f interest and penalties . We regularly evaluate adjustments proposed by taxing authorities. At September 30, 2017 , such proposed adjustments would not have resulted in a material change to our consolidated financial condition, although it i s 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 CONNECT

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT	9 Months Ended
	Sep. 30, 2017
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 L ife H oldings, 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 September 30, 2017 Assets: Short-term investments $ 2,675 $ - $ 10,659 $ (3,559) $ 9,775 Other investments (a) 5,796 - 305,552 - 311,348 Total investments 8,471 - 316,211 (3,559) 321,123 Cash 3 2 2,428 - 2,433 Loans to subsidiaries (b) 35,014 - 574 (35,588) - Investment in consolidated subsidiaries (b) 43,014 31,323 - (74,337) - Other assets, including deferred income taxes 21,483 251 160,018 (2,235) 179,517 Assets held for sale - - - - - Total assets $ 107,985 $ 31,576 $ 479,231 $ (115,719) $ 503,073 Liabilities: Insurance liabilities $ - $ - $ 282,469 $ - $ 282,469 Long-term debt 21,480 642 8,917 - 31,039 Other liabilities, including intercompany balances (a) 13,463 184 108,873 (5,967) 116,553 Loans from subsidiaries (b) 574 - 35,014 (35,588) - Liabilities held for sale - - - - - Total liabilities 35,517 826 435,273 (41,555) 430,061 Total AIG shareholders’ equity 72,468 30,750 43,414 (74,164) 72,468 Non-redeemable noncontrolling interests - - 544 - 544 Total equity 72,468 30,750 43,958 (74,164) 73,012 Total liabilities and equity $ 107,985 $ 31,576 $ 479,231 $ (115,719) $ 503,073 December 31, 2016 Assets: Short-term investments $ 4,424 $ - $ 13,218 $ (5,340) $ 12,302 Other investments (a) 7,154 - 308,719 - 315,873 Total investments 11,578 - 321,937 (5,340) 328,175 Cash 2 34 1,832 - 1,868 Loans to subsidiaries (b) 34,692 - 576 (35,268) - Investment in consolidated subsidiaries (b) 42,582 27,309 - (69,891) - Other assets, including deferred income taxes 24,099 239 140,743 (4,059) 161,022 Assets held for sale - - 7,199 - 7,199 Total assets $ 112,953 $ 27,582 $ 472,287 $ (114,558) $ 498,264 Liabilities: Insurance liabilities $ - $ - $ 275,120 $ - $ 275,120 Long-term debt 21,405 642 8,865 - 30,912 Other liabilities, including intercompany balances (a) 14,671 194 103,975 (9,572) 109,268 Loans from subsidiaries (b) 577 - 34,691 (35,268) - Liabilities held for sale - - 6,106 - 6,106 Total liabilities 36,653 836 428,757 (44,840) 421,406 Total AIG shareholders’ equity 76,300 26,746 42,972 (69,718) 76,300 Non-redeemable noncontrolling interests - - 558 - 558 Total equity 76,300 26,746 43,530 (69,718) 76,858 Total liabilities and equity $ 112,953 $ 27,582 $ 472,287 $ (114,558) $ 498,264 (a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment . (b) Eliminated in consolidation. 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, 2017 Revenues: Equity in earnings of consolidated subsidiaries * $ (2,098) $ 1,138 $ - $ 960 $ - Other income 225 - 11,455 71 11,751 Total revenues (1,873) 1,138 11,455 1,031 11,751 Expenses: Interest expense 236 12 44 (2) 290 (Gain) loss on extinguishment of debt 2 - (1) - 1 Other expenses 177 1 14,154 (69) 14,263 Total expenses 415 13 14,197 (71) 14,554 Income (loss) from continuing operations before income tax benefit (2,288) 1,125 (2,742) 1,102 (2,803) Income tax benefit (549) (4) (538) - (1,091) Income (loss) from continuing operations (1,739) 1,129 (2,204) 1,102 (1,712) Loss from discontinued operations, net of income taxes - - (1) - (1) Net income (loss) (1,739) 1,129 (2,205) 1,102 (1,713) Less: Net income from continuing operations attributable to noncontrolling interests - - 26 - 26 Net income (loss) attributable to AIG $ (1,739) $ 1,129 $ (2,231) $ 1,102 $ (1,739) Three Months Ended September 30, 2016 Revenues: Equity in earnings of consolidated subsidiaries * $ 1,002 $ 528 $ - $ (1,530) $ - Other income 145 - 12,952 (243) 12,854 Total revenues 1,147 528 12,952 (1,773) 12,854 Expenses: Interest expense 249 12 69 (1) 329 Gain on extinguishment of debt - - (14) - (14) Other expenses 238 1 11,821 (258) 11,802 Total expenses 487 13 11,876 (259) 12,117 Income (loss) from continuing operations before income tax expense (benefit) 660 515 1,076 (1,514) 737 Income tax expense (benefit) 197 (4) 111 - 304 Income (loss) from continuing operations 463 519 965 (1,514) 433 Income (loss) from discontinued operations, net of income taxes (1) - 4 - 3 Net income (loss) 462 519 969 (1,514) 436 Less: Net loss from continuing operations attributable to noncontrolling interests - - (26) - (26) Net income (loss) attributable to AIG $ 462 $ 519 $ 995 $ (1,514) $ 462 American International Reclassifications Group, Inc. Other and Consolidated (in millions) (As Guarantor) AIGLH Subsidiaries Eliminations AIG Nine Months Ended September 30, 2017 Revenues: Equity in earnings of consolidated subsidiaries * $ 794 $ 2,553 $ - $ (3,347) $ - Other income 653 - 36,085 147 36,885 Total revenues 1,447 2,553 36,085 (3,200) 36,885 Expenses: Interest expense 719 37 129 (5) 880 (Gain) loss on extinguishment of debt 2 - (6) - (4) Other expenses 693 2 34,865 (142) 35,418 Total expenses 1,414 39 34,988 (147) 36,294 Income (loss) from continuing operations before income tax expense (benefit) 33 2,514 1,097 (3,053) 591 Income tax expense (benefit) (544) (12) 538 - (18) Income (loss) from continuing operations 577 2,526 559 (3,053) 609 Income (loss) from discontinued operations, net of income taxes (1) - 8 - 7 Net income (loss) 576 2,526 567 (3,053) 616 Less: Net income from continuing operations attributable to noncontrolling interests - - 40 - 40 Net income (loss) attributable to AIG $ 576 $ 2,526 $ 527 $ (3,053) $ 576 Nine Months Ended September 30, 2016 Revenues: Equity in earnings of consolidated subsidiaries * $ 2,226 $ (267) $ - $ (1,959) $ - Other income 209 5 39,833 (690) 39,357 Total revenues 2,435 (262) 39,833 (2,649) 39,357 Expenses: Interest expense 743 39 177 (4) 955 (Gain) loss on extinguishment of debt 77 - (1) - 76 Other expenses 686 15 34,946 (702) 34,945 Total expenses 1,506 54 35,122 (706) 35,976 Income (loss) from continuing operations before income tax expense (benefit) 929 (316) 4,711 (1,943) 3,381 Income tax expense (benefit) (1,265) (17) 2,452 - 1,170 Income (loss) from continuing operations 2,194 (299) 2,259 (1,943) 2,211 Loss from discontinued operations, net of income taxes (2) - (52) - (54) Net income (loss) 2,192 (299) 2,207 (1,943) 2,157 Less: Net loss from continuing operations attributable to noncontrolling interests - - (35) - (35) Net income (loss) attributable to AIG $ 2,192 $ (299) $ 2,242 $ (1,943) $ 2,192 * 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, 2017 Net income (loss) $ (1,739) $ 1,129 $ (2,205) $ 1,102 $ (1,713) Other comprehensive income (loss) 977 1,274 (30,625) 29,351 977 Comprehensive income (loss) (762) 2,403 (32,830) 30,453 (736) Total comprehensive income attributable to noncontrolling interests - - 26 - 26 Comprehensive income (loss) attributable to AIG $ (762) $ 2,403 $ (32,856) $ 30,453 $ (762) Three Months Ended September 30, 2016 Net income (loss) $ 462 $ 519 $ 969 $ (1,514) $ 436 Other comprehensive income (loss) 798 (56) 7 49 798 Comprehensive income (loss) 1,260 463 976 (1,465) 1,234 Total comprehensive loss attributable to noncontrolling interests - - (26) - (26) Comprehensive income (loss) attributable to AIG $ 1,260 $ 463 $ 1,002 $ (1,465) $ 1,260 Nine Months Ended September 30, 2017 Net income (loss) $ 576 $ 2,526 $ 567 $ (3,053) $ 616 Other comprehensive income (loss) 2,709 7,056 18,864 (25,920) 2,709 Comprehensive income (loss) 3,285 9,582 19,431 (28,973) 3,325 Total comprehensive income attributable to noncontrolling interests - - 40 - 40 Comprehensive income (loss) attributable to AIG $ 3,285 $ 9,582 $ 19,391 $ (28,973) $ 3,285 Nine Months Ended September 30, 2016 Net income (loss) $ 2,192 $ (299) $ 2,207 $ (1,943) $ 2,157 Other comprehensive income (loss) 6,520 7,204 48,555 (55,759) 6,520 Comprehensive income (loss) 8,712 6,905 50,762 (57,702) 8,677 Total comprehensive loss attributable to noncontrolling interests - - (35) - (35) Comprehensive income (loss) attributable to AIG $ 8,712 $ 6,905 $ 50,797 $ (57,702) $ 8,712 Condensed Consolidating Statements of Cash Flows American International Reclassifications Group, Inc. Other and Consolidated (in millions) (As Guarantor) AIGLH Subsidiaries * Eliminations * AIG Nine Months Ended September 30, 2017 Net cash (used in) provided by operating activities $ 793 $ 1,105 $ (8,773) $ (2,320) $ (9,195) Cash flows from investing activities: Sales of investments 5,428 - 58,914 (3,508) 60,834 Sales of divested businesses, net 40 - 565 - 605 Purchase of investments (1,781) - (49,675) 3,508 (47,948) Loans to subsidiaries - net 38 - 5 (43) - Contributions from (to) subsidiaries - net 990 - - (990) - Net change in restricted cash - - (23) - (23) Net change in short-term investments 1,925 - 890 - 2,815 Other, net (17) (4) (1,488) - (1,509) Net cash (used in) provided by investing activities 6,623 (4) 9,188 (1,033) 14,774 Cash flows from financing activities: Issuance of long-term debt 1,108 - 1,297 - 2,405 Repayments of long-term debt (1,354) - (1,397) - (2,751) Purchase of common stock (6,275) - - - (6,275) Intercompany loans - net (5) - (38) 43 - Cash dividends paid (884) (1,133) (1,187) 2,320 (884) Other, net (5) - 1,394 990 2,379 Net cash (used in) provided by financing activities (7,415) (1,133) 69 3,353 (5,126) Effect of exchange rate changes on cash - - (21) - (21) Change in cash 1 (32) 463 - 432 Cash at beginning of year 2 34 1,832 - 1,868 Change in cash of businesses held for sale - - 133 - 133 Cash at end of period $ 3 $ 2 $ 2,428 $ - $ 2,433 Nine Months Ended September 30, 2016 Net cash (used in) provided by operating activities $ 1,671 $ 1,664 $ 2,277 $ (3,859) $ 1,753 Cash flows from investing activities: Sales of investments 3,242 - 59,669 (9,567) 53,344 Purchase of investments (659) - (62,293) 9,567 (53,385) Loans to subsidiaries - net 1,025 - 73 (1,098) - Contributions from (to) subsidiaries - net 1,593 - - (1,593) - Net change in restricted cash - - (49) - (49) Net change in short-term investments 1,006 - (1,861) - (855) Other, net (179) - 1,449 - 1,270 Net cash (used in) provided by investing activities 6,028 - (3,012) (2,691) 325 Cash flows from financing activities: Issuance of long-term debt 3,831 - 7,599 - 11,430 Repayments of long-term debt (1,454) (62) (6,167) - (7,683) Purchase of common stock (8,506) - - - (8,506) Intercompany loans - net (73) (3) (1,022) 1,098 - Cash dividends paid (1,051) (1,709) (2,150) 3,859 (1,051) Other, net (263) - 3,183 1,593 4,513 Net cash (used in) provided by financing activities (7,516) (1,774) 1,443 6,550 (1,297) Effect of exchange rate changes on cash - - 88 - 88 Change in cash 183 (110) 796 - 869 Cash at beginning of year 34 116 1,479 - 1,629 Cash at end of period $ 217 $ 6 $ 2,275 $ - $ 2,498 Supplementary Disclosu re of Condensed Consolidating Cash Flow Information American International Reclassifications Group, Inc. Other and Consolidated (in millions) (As Guarantor) AIGLH Subsidiaries * Eliminations * AIG Cash (paid) received during the 2017 period for: Interest: Third party $ (791) $ (47) $ (208) $ - $ (1,046) Intercompany (1) (1) 2 - - Taxes: Income tax authorities $ (324) $ - $ (166) $ - $ (490) Intercompany 1,852 - (1,852) - - Cash (paid) received during the 2016 period for: Interest: Third party $ (797) $ (51) $ (161) $ - $ (1,009) Intercompany - - - - - Taxes: Income tax authorities $ (11) $ - $ (197) $ - $ (208) Intercompany 782 - (782) - - American International Group, Inc. (As Guarantor) supplementary disclosure of non-cash activities: Nine Months Ended September 30, (in millions) 2017 2016 Intercompany non-cash financing and investing activities: Capital contributions $ 198 $ 3,086 Dividends received in the form of securities 735 4,055 Return of capital 26 - Fixed maturity securities received in exchange for equity securities - 440

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2017
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	17 . Subsequent Events Dividends Declared On November 2, 2017, our Board of Directors declared a cash dividend on AIG Common Stock of $ 0.32 per share, payable on December 22 , 2017 to shareholders of record on December 8 , 2017.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2017
BASIS OF PRESENTATION
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 pro fitability of the character necessary to realize the net deferred tax asset; liability for unpaid losses and loss adjustment expenses (loss reserves); reinsurance assets; valuation of future policy benefit liabilities and timing and extent of loss recognit ion; valuation of liabilities for guaranteed benefit features of variable annuity products; estimated gross profits to value deferred policy acquisition costs for investment-oriented products; impairment charges, including other-than-temporary impairments on available for sale securities, impairments on other invested assets, including investments in life settlements, and goodwill impairment; liability for legal contingencies; and fair value measurements of certain financial assets and liabilities. These ac counting 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 an d cash flows could be materially affected.

SUMMARY OF SIGNIFICANT ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Held-for-Sale Classification	Held-For-Sale Classification We report a business as held-for-sale when management has approved the sale or received approval to sell the business and is committed to a formal plan, the business is available for immediate sale, the business is being actively marketed, the sale is anticipated to occur during the next 12 months and certain other specified criteria are met. A business classified as held-for-sale is recorded at the lower of its carrying amount or estimated fair value less cost to sell. If the carrying amount of the bus iness exceeds its estimated fair value, a loss is recognized. Assets and liabilities related to the businesses classified as held-for-sale are separately reported in our Consolidated Balance Sheets beginning in the period in which the business is classified as held-for-sale. Fuji Life and AIG United Guaranty Insurance (Asia) Limited, both previously classified as held-for-sale, were sold on April 30, 2017 and July 1, 2017, respectively. At September 30, 2017, we had no businesses classified as held-for-sa le.
Future Application of Accounting Standards	Future Application of Accounting Standards 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, fi nancial instruments, and certain other agreements that are governed under other GAAP guidance, but could affect the revenue recognition for certain of our other activities. We have developed an implementation plan to adopt this standard using the modified retrospective approach on its required effective date of January 1, 2018. Our analysis of revenues indicates that substantially all of our revenues are from sources excluded from the scope of the standard. For those revenue sources within the scope of th e standard, we do not expect material changes in the timing or measurement of revenues based upon our current interpretation of the guidance. We continue to refine our assessment of the impacts this standard is expected to have on our applicable revenue so urces, financial statements and related disclosures. However, as substantially all of our revenue sources are excluded from the scope of the standard, we do not expect the adoption of the standard to have a material effect on our reported consolidated fin ancial condition, results of operations, cash flows or required disclosures . Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, the FASB issued an accounting standard that will require equity investments that do not follow the equity method of accounting or are not subject to consolidation to be measured at fair value with changes in fair value recognized in earnings, while financial liabilities for which fair value option accounting has been elected, changes in fair value due to instrument-specific credit risk will be presented separately in other comprehensive income. The standard allows the election to record equity investments without readily determinable fair values at cost, less impairment, adjusted for subsequen t observable price changes with changes in the carrying value of the equity investments recorded in earnings. The standard also updates certain fair value disclosure requirements for financial instruments carried at amortized cost. We will adopt this stand ard on its effective date of January 1, 2018. Based on our initial review, substantially all of our assets and liabilities are not within the scope of the standard. We do not expect the adoption of the standard to have a material effect on our reported co nsolidated financial condition, results of operations, cash flows or required disclosures. Leases In February 2016, the FASB issued an accounting standard that will require lessees with lease terms of more than 12 months to recognize a right of use asset a nd a corresponding lease liability on their balance sheets. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating leases or finance leases. We plan to adopt the standard on its effective date o f January 1, 2019 using a modified retrospective approach upon adoption. We are currently quantifying the expected recognition on our balance sheet for a right to use asset and a lease liability as required by the standard. We do not expect the impact of the standard to have a material effect on our reported c onsolidated financial condition , results of operations, cash flows or required disclosures. Financial Instruments - Credit Losses In June 2016, the FASB issued an accounting standard that will change how entities account for credit losses for most financial assets, trade receivables and reinsurance receivables. The standard will replace the existing incurred loss impairment model with a new “current expected credit loss model ” that generally will result in earlier recognition of credit losses. The standard will apply to financial assets subject to credit losses, including loans measured at amortized cost, reinsurance receivables and certain off-balance sheet credit exposures. Additionally, the impairment of available-for-sale debt securities, including purchased credit deteriorated securities, are subject to the new guidance and will be measured in a similar manner, except that losses will be recognized as allowances rather t han reductions in the amortized cost of the securities. The standard will also require additional information to be disclosed in the footnotes. The standard is effective on January 1, 2020, with early adoption permitted on January 1, 2019. We are continu ing to develop our implementation plan to adopt the standard and are assessing the impact of the standard on our reported consolidated financial condition, results of operations, cash flows and required disclosures. While we expect an increase in our allo wances for credit losses for the financial instruments within scope of the standard, given the objective of the new standard, the amount of any change will be dependent on our portfolios’ composition and quality at the adoption date as well as economic con ditions and forecasts at that time. Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB issued an accounting standard that addresses diversity in how certain cash receipts and cash payments are presented and classified in th e statement of cash flows. The amendments provide clarity on the treatment of eight specifically defined types of cash inflows and outflows. The standard is effective on January 1, 2018 using a retrospective transition method to each period presented or pr ospectively if adoption of an issue is impracticable. We continue to refine our analysis of certain cash flow types and intend to adopt this standard on its required effective date of January 1, 2018. The standard addresses presentation in the statemen t of cash flows only and will have no effect on our reported consolidated financial condition, results of operations or required disclosures. Intra-Entity Transfers of Assets Other than Inventory In October 2016, the FASB issued an accounting standard t hat will require an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs, rather than when the asset is sold to a third party. We plan to adopt the standard on its effective date of January 1, 2018 using a modified retrospective approach upon adoption. We are assessing the impact of the standard on our reported consolidated financial condition, results of operations, cash flows and required disclosures. Restricted Cash In No vember 2016, the FASB issued an accounting standard that provides guidance on the presentation of restricted cash in the Statement of Cash Flows. Entities will be required to explain the changes during a reporting period in the total of cash, cash equival ents, and amounts generally described as restricted cash or restricted cash equivalents in the statement of cash flows. We plan to adopt the standard retrospectively on its effective date of January 1, 2018. The standard addresses presentation of restric ted cash in the Statement of Cash Flows only and will have no effect on our reported consolidated financial condition, results of operations or required disclosures. Clarifying the Definition of a Business In January 2017, the FASB issued an accounting sta ndard that changes the definition of a business to assist entities with evaluating when a set of transferred assets and activities is a business. The new standard will require an entity to evaluate if substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar assets; if so, the set of transferred assets and activities is not a business. At a minimum, a set must include an input and a substantive process that togethe r significantly contribute to the ability to create output. The standard is effective on January 1, 2018, with early adoption permitted. We are evaluating the timing of adoption and are assessing the impact of the standard on our reported consolidated financial condition, results of operations and cash flows. Because the standard requires prospective adoption, the impact is dependent on future acquisitions, dispositions and those entities that we consolidate due to obtaining a controlling financial int erest. Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued an accounting standard that eliminates the requirement to calculate the implied fair value of goodwill, through a hypothetical purchase price allocation, to measure a goo dwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value not to exceed the total amount of goodwill allocated to that reporting unit. An entity should also co nsider income tax effects from tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The standard is effective on January 1, 2020, with early adoption permitted on testing dates after January 1, 2017. We are evaluating the timing of our adoption. The impact of the standard will be dependent on the market conditions of the reporting units at the time of adoption. Gains and Losses from the Derecognition of Nonfinancial Assets In Fe bruary 2017, the FASB issued an accounting standard that clarifies the scope and application of Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, to the sale or transfer of nonfinancial assets and in substance nonfinancial asse ts to noncustomers, including partial sales. The standard clarifies that a parent transferring its ownership interest in a consolidated subsidiary is within the scope of the accounting standard if substantially all of the fair value of the assets within th at subsidiary are nonfinancial assets. The standard also clarifies that the derecognition of all businesses and nonprofit activities should be accounted for in accordance with the derecognition and deconsolidation guidance. The standard also eliminates the exception in the financial asset guidance for transfers of investments (including equity method investments) in real estate entities. An entity is required to apply the amendments in this update at the same time that it applies the amendments in revenues from contracts with customers. The standard is effective on January 1, 2018 and may be applied retrospectively to each period presented or through a cumulative effect adjustment to retained earnings at the date of adoption (modified retrospective approac h). We are evaluating the timing of adoption and are assessing the impact of the standard on our reported consolidated financial condition, results of operations, cash flows and required disclosures. Improving the Presentation of Net Periodic Pension and P ostretirement Benefit Cost In March 2017, the FASB issued an accounting standard that requires entities to report the service cost component of net periodic pension and postretirement benefit costs in the same line item as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net periodic benefit costs are required to be separately presen ted in the income statement . The amendments also allow only the service cost component to be eligibl e for capitali zation when applicable. We will adopt this standard on its effective date of January 1, 2018 by retrospectively presenting the service cost and other components, and prospectively capitalizing the service cost component. The standard address es presentation of net periodic benefit costs in the income statement and will have no effect on our reported consolidated financial condition, results of operations, cash flows or required disclosures. Premium A mortization on Purchased Callable Debt Securities In March 2017, the FASB issued an accounting standard that shortens the amortization period for certain callable debt securities held at a premium by requiring the premium to be amortized to the earliest call date. The standard does not require an accounting change for securities held at a discount, which continue to be amortized to maturity. We plan to adopt the standard retrospectively on its effective date, January 1, 2019. We do not expect the standard to have a material impact on our repo rted consolidated financial condition, results of operations, cash flows or required disclosures. Modification of Share-Based Payment Awards In May 2017, the FASB issued an accounting standard that provides guidance about which changes to the terms or cond itions of a share-based payment award require an entity to apply modification accounting. We will prospectively adopt this standard on its effective date of January 1, 2018 and do not expect the standard to have a material effect on our reported consoli dated financial condition, results of operations, cash flows or required disclosures. Derivatives and Hedging In August 2017, t he FASB issued an accounting standard that improves and expands hedge accounting for both financial and commodity risks. The provisions of the amendment are intended to better align the accounting with an entity’s risk management activities, enhance the transparency on how the economic results are presented in the financial statements and the footnote, and simplify th e application of hedge accounting treatment. The standard is effective on January 1, 2019, with early adoption permitted. We are evaluating the timing of adoption and are assessing the impact of the standard on our reported consolidated financial condition , results of operations, cash flows and required disclosures.
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounting Standards Adopted	Accounting Standards Adopted During 2017 Derivative Contract Novations In March 2016, the Financial Accounting Standards Board (FASB) issued an accounting standard that clarifies that a change in the counterparty (novation) to a derivative instrument that has been designated as a hedging instrument does not, in and of itself, require de-designation of that hedging relationship provided that all other hedge accounting criteria continue to be met. We adopted the standard on its required effective date of January 1, 2017. The adoption of this standard did not have a material effect on our consolidated financial condition, results of opera tions or cash flows. Contingent Put and Call Options in Debt Instruments In March 2016, the FASB issued an accounting standard that clarifies the requirements for assessing whether contingent call (put) options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt hosts. The standard requires an evaluation of embedded call (put) options solely on a four-step decision sequence that requires an entity to consider whether (1) the amount paid upon settlem ent is adjusted based on changes in an index, (2) the amount paid upon settlement is indexed to an underlying other than interest rates or credit risk, (3) the debt involves a substantial premium or discount and (4) the put or call option is contingently e xercisable. We adopted the standard on its required effective date of January 1, 2017. The adoption of this standard did not have a material effect on our consolidated financial condition, results of operations or cash flows. Simplifying the Transition to the Equity Method of Accounting In March 2016, the FASB issued an accounting standard that eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods during which the investment had been held. We adopt ed the standard on its required effective date of January 1, 2017. The adoption of this standard did not have a material effect on our consolidated financial condition, results of operations or cash flows. Interest Held through Related Parties that are und er Common Control In October 2016, the FASB issued an accounting standard that amends the consolidation analysis for a reporting entity that is the single decision maker of a variable interest entity (VIE). The new guidance will require the decision maker ’s evaluation of its interests held through related parties that are under common control on a proportionate basis (rather than in their entirety) when determining whether it is the primary beneficiary of that VIE. The amendment does not change the charac teristics of a primary beneficiary. We adopted the standard on its required effective date of January 1, 2017. The adoption of this standard did not have a material effect on our consolidated financial condition, results of operations or cash flows.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2017
SEGMENT INFORMATION
Schedule of continuing operations by reportable segment	The following table presents AIG’s continuing operations by operating segment: Three Months Ended September 30, 2017 2016 Pre-Tax Pre-Tax Total Operating Total Operating (in millions) Revenues Income (Loss) Revenues Income (Loss) Commercial Insurance Liability and Financial Lines $ 2,848 $ (257) $ 3,379 $ 948 Property and Special Risks 1,744 (2,605) 2,037 (263) Total Commercial Insurance 4,592 (2,862) 5,416 685 Consumer Insurance Individual Retirement 1,343 718 1,380 920 Group Retirement 702 249 717 214 Life Insurance 1,000 112 921 (54) Personal Insurance 2,909 (71) 2,991 148 Total Consumer Insurance 5,954 1,008 6,009 1,228 Other Operations 1,218 (287) 1,003 (164) Legacy Portfolio 1,013 286 1,312 (99) AIG Consolidation and elimination (119) (1) (144) (6) Total AIG Consolidated revenues and pre-tax operating income 12,658 (1,856) 13,596 1,644 Reconciling Items from revenues and pre-tax operating income to revenues and pre-tax income (loss): Changes in fair value of securities used to hedge guaranteed living benefits 26 26 17 17 Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains - 84 - (67) (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements - 7 - 3 Gain (Loss) on extinguishment of debt - (1) - 14 Net realized capital losses (922) (922) (765) (765) Gain (loss) from divested businesses - (13) - 128 Non-operating litigation reserves and settlements 1 - 1 5 Net loss reserve discount (benefit) charge - (48) - (32) Pension expense related to a one-time lump sum payment to former employees - (49) - - Restructuring and other costs - (31) - (210) Other (12) - 5 - Revenues and Pre-tax income (loss) $ 11,751 $ (2,803) $ 12,854 $ 737 Nine Months Ended September 30, 2017 2016 Pre-Tax Pre-Tax Total Operating Total Operating (in millions) Revenues Income (Loss) Revenues Income (Loss) Commercial Insurance Liability and Financial Lines $ 8,443 $ 903 $ 10,118 $ 2,332 Property and Special Risks 5,365 (2,200) 6,140 (44) Total Commercial Insurance 13,808 (1,297) 16,258 2,288 Consumer Insurance Individual Retirement 4,099 1,815 4,382 1,727 Group Retirement 2,116 758 2,053 670 Life Insurance 3,043 272 2,862 (27) Personal Insurance 8,618 471 8,735 510 Total Consumer Insurance 17,876 3,316 18,032 2,880 Other Operations 3,207 (835) 3,015 (565) Legacy Portfolio 3,235 1,059 3,003 (94) AIG Consolidation and elimination (237) 75 (406) - Total AIG Consolidated revenues and pre-tax operating income 37,889 2,318 39,902 4,509 Reconciling Items from revenues and pre-tax operating income to revenues and pre-tax income: Changes in fair value of securities used to hedge guaranteed living benefits 117 117 270 270 Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains - 195 - (91) (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements - (258) - 15 Gain (Loss) on extinguishment of debt - 4 - (76) Net realized capital losses (1,106) (1,106) (829) (829) Gain (loss) from divested businesses - (173) - 351 Non-operating litigation reserves and settlements 17 86 42 43 Net loss reserve discount (benefit) charge - (283) - (323) Pension expense related to a one-time lump sum payment to former employees - (50) - - Restructuring and other costs - (259) - (488) Other (32) - (28) - Revenues and Pre-tax income $ 36,885 $ 591 $ 39,357 $ 3,381

HELD-FOR-SALE CLASSIFICATION (T

HELD-FOR-SALE CLASSIFICATION (Tables)	9 Months Ended
	Sep. 30, 2017
HELD-FOR-SALE CLASSIFICATION
Summary of assets and liabilities held for sale	The following table summarizes the components of assets and liabilities held-for-sale on the Condensed Cons olidated Balance Sheets at December 31, 2016*: December 31, (in millions) 2016 Assets: Fixed maturity securities $ 6,045 Equity securities 149 Mortgage and other loans receivable, net 137 Other invested assets 2 Short-term investments 130 Cash 133 Accrued investment income 21 Premiums and other receivables, net of allowance 351 Reinsurance assets, net of allowance 8 Deferred policy acquisition costs 471 Other assets 273 Assets of businesses held for sale 7,720 Less: Loss Accrual (521) Total assets held for sale $ 7,199 Liabilities: Liability for unpaid losses and loss adjustment expenses $ 402 Unearned premiums 297 Future policy benefits for life and accident and health insurance contracts 4,579 Other policyholder funds 378 Other liabilities 450 Total liabilities held for sale $ 6,106 * Excludes net intercompany assets of $384 million at December 31, 2016, that are eliminated in consolidation.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2017
FAIR VALUE MEASUREMENTS
Assets and liabilities measured at fair value on a recurring basis	September 30, 2017 Counterparty Cash (in millions) Level 1 Level 2 Level 3 Netting (b) Collateral Total Assets: Bonds available for sale: U.S. government and government sponsored entities $ 1 $ 2,383 $ - $ - $ - $ 2,384 Obligations of states, municipalities and political subdivisions - 16,460 2,371 - - 18,831 Non-U.S. governments 56 15,526 11 - - 15,593 Corporate debt - 132,475 1,210 - - 133,685 RMBS - 21,095 16,414 - - 37,509 CMBS - 12,853 665 - - 13,518 CDO/ABS - 7,837 8,414 - - 16,251 Total bonds available for sale 57 208,629 29,085 - - 237,771 Other bond securities: U.S. government and government sponsored entities 33 2,796 - - - 2,829 Non-U.S. governments - 55 - - - 55 Corporate debt - 1,844 18 - - 1,862 RMBS - 426 1,443 - - 1,869 CMBS - 491 65 - - 556 CDO/ABS - 648 4,834 - - 5,482 Total other bond securities 33 6,260 6,360 - - 12,653 Equity securities available for sale: Common stock 1,051 - 5 - - 1,056 Preferred stock 18 559 - - - 577 Mutual funds 74 - - - - 74 Total equity securities available for sale 1,143 559 5 - - 1,707 Other equity securities 538 - - - - 538 Mortgage and other loans receivable - - 5 - - 5 Other invested assets (a) - 1 259 - - 260 Derivative assets: Interest rate contracts 2 2,252 - - - 2,254 Foreign exchange contracts - 867 - - - 867 Equity contracts 191 209 69 - - 469 Credit contracts - - 1 - - 1 Other contracts - 2 21 - - 23 Counterparty netting and cash collateral - - - (1,390) (1,324) (2,714) Total derivative assets 193 3,330 91 (1,390) (1,324) 900 Short-term investments 2,247 356 - - - 2,603 Separate account assets 84,239 5,061 - - - 89,300 Total $ 88,450 $ 224,196 $ 35,805 $ (1,390) $ (1,324) $ 345,737 Liabilities: Policyholder contract deposits $ - $ 14 $ 3,974 $ - $ - $ 3,988 Other policyholder funds - - - - - - Derivative liabilities: Interest rate contracts - 2,228 26 - - 2,254 Foreign exchange contracts - 1,298 3 - - 1,301 Equity contracts 56 3 - - - 59 Credit contracts - 4 274 - - 278 Other contracts - - 5 - - 5 Counterparty netting and cash collateral - - - (1,390) (1,395) (2,785) Total derivative liabilities 56 3,533 308 (1,390) (1,395) 1,112 Long-term debt - 2,995 3 - - 2,998 Other liabilities 75 33 - - - 108 Total $ 131 $ 6,575 $ 4,285 $ (1,390) $ (1,395) $ 8,206 December 31, 2016 Counterparty Cash (in millions) Level 1 Level 2 Level 3 Netting (b) Collateral Total Assets: Bonds available for sale: U.S. government and government sponsored entities $ 63 $ 1,929 $ - $ - $ - $ 1,992 Obligations of states, municipalities and political subdivisions - 22,732 2,040 - - 24,772 Non-U.S. governments 52 14,466 17 - - 14,535 Corporate debt - 131,047 1,133 - - 132,180 RMBS - 20,468 16,906 - - 37,374 CMBS - 12,231 2,040 - - 14,271 CDO/ABS - 8,578 7,835 - - 16,413 Total bonds available for sale 115 211,451 29,971 - - 241,537 Other bond securities: U.S. government and government sponsored entities - 2,939 - - - 2,939 Non-U.S. governments - 51 - - - 51 Corporate debt - 1,755 17 - - 1,772 RMBS - 420 1,605 - - 2,025 CMBS - 448 155 - - 603 CDO/ABS - 905 5,703 - - 6,608 Total other bond securities - 6,518 7,480 - - 13,998 Equity securities available for sale: Common stock 1,056 9 - - - 1,065 Preferred stock 752 - - - - 752 Mutual funds 260 1 - - - 261 Total equity securities available for sale 2,068 10 - - - 2,078 Other equity securities 482 - - - - 482 Mortgage and other loans receivable - - 11 - - 11 Other invested assets (a) - 1 204 - - 205 Derivative assets: Interest rate contracts - 2,328 - - - 2,328 Foreign exchange contracts - 1,320 - - - 1,320 Equity contracts 188 59 58 - - 305 Credit contracts - - 2 - - 2 Other contracts - 6 16 - - 22 Counterparty netting and cash collateral - - - (1,265) (903) (2,168) Total derivative assets 188 3,713 76 (1,265) (903) 1,809 Short-term investments 2,660 681 - - - 3,341 Separate account assets 77,318 5,654 - - - 82,972 Total $ 82,831 $ 228,028 $ 37,742 $ (1,265) $ (903) $ 346,433 Liabilities: Policyholder contract deposits $ - $ 25 $ 3,033 $ - $ - $ 3,058 Other policyholder funds 5 - - - - 5 Derivative liabilities: Interest rate contracts - 3,039 38 - - 3,077 Foreign exchange contracts - 1,358 11 - - 1,369 Equity contracts 12 7 - - - 19 Credit contracts - - 331 - - 331 Other contracts - 1 5 - - 6 Counterparty netting and cash collateral - - - (1,265) (1,521) (2,786) Total derivative liabilities 12 4,405 385 (1,265) (1,521) 2,016 Long-term debt - 3,357 71 - - 3,428 Total $ 17 $ 7,787 $ 3,489 $ (1,265) $ (1,521) $ 8,507 (a) Excludes investments that are meas ured at fair value using the net asset value (NAV) per share (or its equivalent), which totaled $ 6.2 billion and $ 6.7 billion as of September 30, 2017 and December 31, 2016 , respectively. (b) Represents netting of derivative exposures covered by qualifying master netting agreements.
Changes in Level 3 recurring fair value measurements (Assets)	Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair Value Gains (Losses) Other Sales, Gross Gross to Assets Fair Value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Three Months Ended September 30, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,285 $ 2 $ 38 $ 52 $ - $ (6) $ - $ 2,371 $ - Non-U.S. governments 12 (5) 4 - - - - 11 - Corporate debt 932 5 (2) (53) 449 (121) - 1,210 - RMBS 16,393 253 495 (731) 11 (7) - 16,414 - CMBS 735 2 5 (77) - - - 665 - CDO/ABS 8,605 8 (12) (166) - (21) - 8,414 - Total bonds available for sale 28,962 265 528 (975) 460 (155) - 29,085 - Other bond securities: Corporate debt 28 1 - - - (11) - 18 - RMBS 1,510 63 - (130) - - - 1,443 49 CMBS 66 2 - 42 - (45) - 65 3 CDO/ABS 5,234 111 - (505) - (6) - 4,834 (34) Total other bond securities 6,838 177 - (593) - (62) - 6,360 18 Equity securities available for sale: Common stock 7 - - (2) - - - 5 - Total equity securities available for sale 7 - - (2) - - - 5 - Other equity securities - - - - - - - - - Mortgage and other loans receivable 5 - - - - - - 5 - Other invested assets 225 - (2) 36 - - - 259 (3) Total $ 36,037 $ 442 $ 526 $ (1,534) $ 460 $ (217) $ - $ 35,714 $ 15 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair Value (Gains) Losses Other Sales, Gross Gross to Liabilities Fair Value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Liabilities: Policyholder contract deposits $ 3,518 $ 299 $ - $ 157 $ - $ - $ - $ 3,974 $ 1 Derivative liabilities, net: Interest rate contracts 30 (2) - (2) - - - 26 1 Foreign exchange contracts 7 - - (4) - - - 3 - Equity contracts (63) (11) - 5 - - - (69) 8 Credit contracts 293 (19) - (1) - - - 273 19 Other contracts (16) (19) - 19 - - - (16) 12 Total derivative liabilities, net (a) 251 (51) - 17 - - - 217 40 Long-term debt (b) 61 2 - (60) - - - 3 4 Total $ 3,830 $ 250 $ - $ 114 $ - $ - $ - $ 4,194 $ 45 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair Value Gains (Losses) Other Sales, Gross Gross to Assets Fair Value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Nine Months Ended September 30, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,040 $ 3 $ 123 $ 221 $ 8 $ (24) $ - $ 2,371 $ - Non-U.S. governments 17 (5) 5 (6) - - - 11 - Corporate debt 1,133 6 (2) (219) 655 (363) - 1,210 - RMBS 16,906 806 992 (2,270) 19 (39) - 16,414 - CMBS 2,040 25 12 (699) - (713) - 665 - CDO/ABS 7,835 (14) 168 478 - (53) - 8,414 - Total bonds available for sale 29,971 821 1,298 (2,495) 682 (1,192) - 29,085 - Other bond securities: Corporate debt 17 2 - 10 - (11) - 18 1 RMBS 1,605 184 - (313) - (33) - 1,443 116 CMBS 155 4 - 24 - (118) - 65 6 CDO/ABS 5,703 459 - (1,322) - (6) - 4,834 91 Total other bond securities 7,480 649 - (1,601) - (168) - 6,360 214 Equity securities available for sale: Common stock - - - 6 - (1) - 5 - Total equity securities available for sale - - - 6 - (1) - 5 - Other equity securities - - - - - - - - - Mortgage and other loans receivable 11 - - (6) - - - 5 - Other invested assets 204 3 (5) 58 - (1) - 259 1 Total $ 37,666 $ 1,473 $ 1,293 $ (4,038) $ 682 $ (1,362) $ - $ 35,714 $ 215 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair Value (Gains) Losses Other Sales, Gross Gross to Liabilities Fair Value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Liabilities: Policyholder contract deposits $ 3,033 $ 594 $ - $ 347 $ - $ - $ - $ 3,974 $ 3 Derivative liabilities, net: Interest rate contracts 38 (3) - (9) - - - 26 3 Foreign exchange contracts 11 1 - (9) - - - 3 (1) Equity contracts (58) (26) - 15 - - - (69) 22 Credit contracts 329 (55) - (1) - - - 273 53 Other contracts (11) (58) - 56 (3) - - (16) 57 Total derivative liabilities, net (a) 309 (141) - 52 (3) - - 217 134 Long-term debt (b) 71 16 - (84) - - - 3 - Total $ 3,413 $ 469 $ - $ 315 $ (3) $ - $ - $ 4,194 $ 137 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair value Gains (Losses) Other Sales, Gross Gross to Assets Fair value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Three Months Ended September 30, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,313 $ 1 $ (5) $ 58 $ 2 $ (78) $ - $ 2,291 $ - Non-U.S. governments 28 (3) (9) 3 - - - 19 - Corporate debt 836 (4) 7 (6) 267 (82) (1) 1,017 - RMBS 16,779 255 304 (165) 36 - - 17,209 - CMBS 2,295 12 (5) (1) 2 (32) (6) 2,265 - CDO/ABS 7,075 7 16 728 - - (81) 7,745 - Total bonds available for sale 29,326 268 308 617 307 (192) (88) 30,546 - Other bond securities: Corporate debt 18 1 - - - - - 19 - RMBS 1,486 30 - (120) - - - 1,396 12 CMBS 168 6 - (15) - - - 159 4 CDO/ABS 6,312 175 - (506) - - - 5,981 - Total other bond securities 7,984 212 - (641) - - - 7,555 16 Equity securities available for sale: Common stock - - - - - - - - - Total equity securities available for sale - - - - - - - - - Other equity securities 14 - - (14) - - - - - Mortgage and other loans receivable 11 - - - - - - 11 - Other invested assets 241 (4) 1 18 - - - 256 - Total $ 37,576 $ 476 $ 309 $ (20) $ 307 $ (192) $ (88) $ 38,368 $ 16 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair value (Gains) Losses Other Sales, Gross Gross to Liabilities Fair value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Liabilities: Policyholder contract deposits $ 3,990 $ 65 $ - $ (33) $ - $ - $ - $ 4,022 $ 1 Derivative liabilities, net: Interest rate contracts 46 (3) - 9 - - - 52 4 Foreign exchange contracts 9 1 - (1) - - - 9 (1) Equity contracts (52) (5) - 3 - - - (54) 5 Credit contracts 373 (36) - 7 - 1 - 345 28 Other contracts 102 (16) - 4 - - - 90 33 Total derivatives liabilities, net (a) 478 (59) - 22 - 1 - 442 69 Long-term debt (b) 67 3 - - - - - 70 - Other liabilities - - - - - - - - (3) Total $ 4,535 $ 9 $ - $ (11) $ - $ 1 $ - $ 4,534 $ 67 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair value Gains (Losses) Other Sales, Gross Gross to Assets Fair value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Nine Months Ended September 30, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,124 $ 3 $ 189 $ 51 $ 2 $ (78) $ - $ 2,291 $ - Non-U.S. governments 32 (3) (11) 5 - (4) - 19 - Corporate debt 1,370 (1) (10) (42) 581 (880) (1) 1,017 - RMBS 16,537 734 (55) (337) 330 - - 17,209 - CMBS 2,585 70 (83) (169) 2 (134) (6) 2,265 - CDO/ABS 6,169 27 59 1,548 23 - (81) 7,745 - Total bonds available for sale 28,817 830 89 1,056 938 (1,096) (88) 30,546 - Other bond securities: Corporate debt 17 3 - (1) - - - 19 3 RMBS 1,581 7 - (174) - (18) - 1,396 (48) CMBS 193 4 - (38) - - - 159 14 CDO/ABS 7,055 151 - (1,225) 65 (65) - 5,981 (378) Total other bond securities 8,846 165 - (1,438) 65 (83) - 7,555 (409) Equity securities available for sale: Common stock - - - - - - - - - Total equity securities available for sale - - - - - - - - - Other equity securities 14 - - (14) - - - - - Mortgage and other loans receivable 11 - - - - - - 11 - Other invested assets 332 (5) 2 (19) - (54) - 256 (2) Total $ 38,020 $ 990 $ 91 $ (415) $ 1,003 $ (1,233) $ (88) $ 38,368 $ (411) Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair value (Gains) Losses Other Sales, Gross Gross to Liabilities Fair value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Liabilities: Policyholder contract deposits $ 2,289 $ 1,508 $ - $ 225 $ - $ - $ - $ 4,022 $ 38 Derivative liabilities, net: Interest rate contracts 50 4 - (2) - - - 52 (5) Foreign exchange contracts 7 3 - (1) - - - 9 (2) Equity contracts (54) (5) - 5 - - - (54) 5 Credit contracts 505 (70) - (91) - 1 - 345 56 Other contracts 48 14 - 28 - - - 90 3 Total derivatives liabilities, net (a) 556 (54) - (61) - 1 - 442 57 Long-term debt (b) 183 3 - (3) - (113) - 70 - Total $ 3,028 $ 1,457 $ - $ 161 $ - $ (112) $ - $ 4,534 $ 95 (a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. (b) Includes guaranteed investment agreements (GIAs), notes, bonds, loans and mortgages payable.
Changes in Level 3 recurring fair value measurements (Liabilities)	Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair Value Gains (Losses) Other Sales, Gross Gross to Assets Fair Value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Three Months Ended September 30, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,285 $ 2 $ 38 $ 52 $ - $ (6) $ - $ 2,371 $ - Non-U.S. governments 12 (5) 4 - - - - 11 - Corporate debt 932 5 (2) (53) 449 (121) - 1,210 - RMBS 16,393 253 495 (731) 11 (7) - 16,414 - CMBS 735 2 5 (77) - - - 665 - CDO/ABS 8,605 8 (12) (166) - (21) - 8,414 - Total bonds available for sale 28,962 265 528 (975) 460 (155) - 29,085 - Other bond securities: Corporate debt 28 1 - - - (11) - 18 - RMBS 1,510 63 - (130) - - - 1,443 49 CMBS 66 2 - 42 - (45) - 65 3 CDO/ABS 5,234 111 - (505) - (6) - 4,834 (34) Total other bond securities 6,838 177 - (593) - (62) - 6,360 18 Equity securities available for sale: Common stock 7 - - (2) - - - 5 - Total equity securities available for sale 7 - - (2) - - - 5 - Other equity securities - - - - - - - - - Mortgage and other loans receivable 5 - - - - - - 5 - Other invested assets 225 - (2) 36 - - - 259 (3) Total $ 36,037 $ 442 $ 526 $ (1,534) $ 460 $ (217) $ - $ 35,714 $ 15 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair Value (Gains) Losses Other Sales, Gross Gross to Liabilities Fair Value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Liabilities: Policyholder contract deposits $ 3,518 $ 299 $ - $ 157 $ - $ - $ - $ 3,974 $ 1 Derivative liabilities, net: Interest rate contracts 30 (2) - (2) - - - 26 1 Foreign exchange contracts 7 - - (4) - - - 3 - Equity contracts (63) (11) - 5 - - - (69) 8 Credit contracts 293 (19) - (1) - - - 273 19 Other contracts (16) (19) - 19 - - - (16) 12 Total derivative liabilities, net (a) 251 (51) - 17 - - - 217 40 Long-term debt (b) 61 2 - (60) - - - 3 4 Total $ 3,830 $ 250 $ - $ 114 $ - $ - $ - $ 4,194 $ 45 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair Value Gains (Losses) Other Sales, Gross Gross to Assets Fair Value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Nine Months Ended September 30, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,040 $ 3 $ 123 $ 221 $ 8 $ (24) $ - $ 2,371 $ - Non-U.S. governments 17 (5) 5 (6) - - - 11 - Corporate debt 1,133 6 (2) (219) 655 (363) - 1,210 - RMBS 16,906 806 992 (2,270) 19 (39) - 16,414 - CMBS 2,040 25 12 (699) - (713) - 665 - CDO/ABS 7,835 (14) 168 478 - (53) - 8,414 - Total bonds available for sale 29,971 821 1,298 (2,495) 682 (1,192) - 29,085 - Other bond securities: Corporate debt 17 2 - 10 - (11) - 18 1 RMBS 1,605 184 - (313) - (33) - 1,443 116 CMBS 155 4 - 24 - (118) - 65 6 CDO/ABS 5,703 459 - (1,322) - (6) - 4,834 91 Total other bond securities 7,480 649 - (1,601) - (168) - 6,360 214 Equity securities available for sale: Common stock - - - 6 - (1) - 5 - Total equity securities available for sale - - - 6 - (1) - 5 - Other equity securities - - - - - - - - - Mortgage and other loans receivable 11 - - (6) - - - 5 - Other invested assets 204 3 (5) 58 - (1) - 259 1 Total $ 37,666 $ 1,473 $ 1,293 $ (4,038) $ 682 $ (1,362) $ - $ 35,714 $ 215 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair Value (Gains) Losses Other Sales, Gross Gross to Liabilities Fair Value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Liabilities: Policyholder contract deposits $ 3,033 $ 594 $ - $ 347 $ - $ - $ - $ 3,974 $ 3 Derivative liabilities, net: Interest rate contracts 38 (3) - (9) - - - 26 3 Foreign exchange contracts 11 1 - (9) - - - 3 (1) Equity contracts (58) (26) - 15 - - - (69) 22 Credit contracts 329 (55) - (1) - - - 273 53 Other contracts (11) (58) - 56 (3) - - (16) 57 Total derivative liabilities, net (a) 309 (141) - 52 (3) - - 217 134 Long-term debt (b) 71 16 - (84) - - - 3 - Total $ 3,413 $ 469 $ - $ 315 $ (3) $ - $ - $ 4,194 $ 137 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair value Gains (Losses) Other Sales, Gross Gross to Assets Fair value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Three Months Ended September 30, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,313 $ 1 $ (5) $ 58 $ 2 $ (78) $ - $ 2,291 $ - Non-U.S. governments 28 (3) (9) 3 - - - 19 - Corporate debt 836 (4) 7 (6) 267 (82) (1) 1,017 - RMBS 16,779 255 304 (165) 36 - - 17,209 - CMBS 2,295 12 (5) (1) 2 (32) (6) 2,265 - CDO/ABS 7,075 7 16 728 - - (81) 7,745 - Total bonds available for sale 29,326 268 308 617 307 (192) (88) 30,546 - Other bond securities: Corporate debt 18 1 - - - - - 19 - RMBS 1,486 30 - (120) - - - 1,396 12 CMBS 168 6 - (15) - - - 159 4 CDO/ABS 6,312 175 - (506) - - - 5,981 - Total other bond securities 7,984 212 - (641) - - - 7,555 16 Equity securities available for sale: Common stock - - - - - - - - - Total equity securities available for sale - - - - - - - - - Other equity securities 14 - - (14) - - - - - Mortgage and other loans receivable 11 - - - - - - 11 - Other invested assets 241 (4) 1 18 - - - 256 - Total $ 37,576 $ 476 $ 309 $ (20) $ 307 $ (192) $ (88) $ 38,368 $ 16 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair value (Gains) Losses Other Sales, Gross Gross to Liabilities Fair value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Liabilities: Policyholder contract deposits $ 3,990 $ 65 $ - $ (33) $ - $ - $ - $ 4,022 $ 1 Derivative liabilities, net: Interest rate contracts 46 (3) - 9 - - - 52 4 Foreign exchange contracts 9 1 - (1) - - - 9 (1) Equity contracts (52) (5) - 3 - - - (54) 5 Credit contracts 373 (36) - 7 - 1 - 345 28 Other contracts 102 (16) - 4 - - - 90 33 Total derivatives liabilities, net (a) 478 (59) - 22 - 1 - 442 69 Long-term debt (b) 67 3 - - - - - 70 - Other liabilities - - - - - - - - (3) Total $ 4,535 $ 9 $ - $ (11) $ - $ 1 $ - $ 4,534 $ 67 Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair value Gains (Losses) Other Sales, Gross Gross to Assets Fair value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Nine Months Ended September 30, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,124 $ 3 $ 189 $ 51 $ 2 $ (78) $ - $ 2,291 $ - Non-U.S. governments 32 (3) (11) 5 - (4) - 19 - Corporate debt 1,370 (1) (10) (42) 581 (880) (1) 1,017 - RMBS 16,537 734 (55) (337) 330 - - 17,209 - CMBS 2,585 70 (83) (169) 2 (134) (6) 2,265 - CDO/ABS 6,169 27 59 1,548 23 - (81) 7,745 - Total bonds available for sale 28,817 830 89 1,056 938 (1,096) (88) 30,546 - Other bond securities: Corporate debt 17 3 - (1) - - - 19 3 RMBS 1,581 7 - (174) - (18) - 1,396 (48) CMBS 193 4 - (38) - - - 159 14 CDO/ABS 7,055 151 - (1,225) 65 (65) - 5,981 (378) Total other bond securities 8,846 165 - (1,438) 65 (83) - 7,555 (409) Equity securities available for sale: Common stock - - - - - - - - - Total equity securities available for sale - - - - - - - - - Other equity securities 14 - - (14) - - - - - Mortgage and other loans receivable 11 - - - - - - 11 - Other invested assets 332 (5) 2 (19) - (54) - 256 (2) Total $ 38,020 $ 990 $ 91 $ (415) $ 1,003 $ (1,233) $ (88) $ 38,368 $ (411) Net Changes in Realized and Unrealized Gains Unrealized Purchases, Reclassified (Losses) Included Fair value (Gains) Losses Other Sales, Gross Gross to Liabilities Fair value in Income on Beginning Included Comprehensive Issues and Transfers Transfers Held End Instruments Held (in millions) of Period in Income Income (Loss) Settlements, Net In Out for Sale of Period at End of Period Liabilities: Policyholder contract deposits $ 2,289 $ 1,508 $ - $ 225 $ - $ - $ - $ 4,022 $ 38 Derivative liabilities, net: Interest rate contracts 50 4 - (2) - - - 52 (5) Foreign exchange contracts 7 3 - (1) - - - 9 (2) Equity contracts (54) (5) - 5 - - - (54) 5 Credit contracts 505 (70) - (91) - 1 - 345 56 Other contracts 48 14 - 28 - - - 90 3 Total derivatives liabilities, net (a) 556 (54) - (61) - 1 - 442 57 Long-term debt (b) 183 3 - (3) - (113) - 70 - Total $ 3,028 $ 1,457 $ - $ 161 $ - $ (112) $ - $ 4,534 $ 95 (a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. (b) 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, 2017 Bonds available for sale $ 257 $ 8 $ - $ 265 Other bond securities 87 (2) 92 177 Other invested assets 2 1 (3) - Nine Months Ended September 30, 2017 Bonds available for sale $ 849 $ (28) $ - $ 821 Other bond securities 259 - 390 649 Other invested assets 5 (1) (1) 3 Three Months Ended September 30, 2016 Bonds available for sale $ 294 $ (27) $ 1 $ 268 Other bond securities 37 13 162 212 Other invested assets 5 (3) (6) (4) Nine Months Ended September 30, 2016 Bonds available for sale $ 883 $ (56) $ 3 $ 830 Other bond securities 29 45 91 165 Other invested assets 2 29 (36) (5) Net Net Realized Investment Capital Other (in millions) Income Gains (Losses) Income Total Three Months Ended September 30, 2017 Policyholder contract deposits $ - $ 299 $ - $ 299 Derivative liabilities, net - (5) (46) (51) Long-term debt - - 2 2 Nine Months Ended September 30, 2017 Policyholder contract deposits $ - $ 594 $ - $ 594 Derivative liabilities, net - (13) (128) (141) Long-term debt - - 16 16 Three Months Ended September 30, 2016 Policyholder contract deposits $ - $ 65 $ - $ 65 Derivative liabilities, net - (5) (54) (59) Long-term debt - - 3 3 Nine Months Ended September 30, 2016 Policyholder contract deposits $ - $ 1,508 $ - $ 1,508 Derivative liabilities, net - (1) (53) (54) Long-term debt - - 3 3
Gross components of purchases, sales, issues and settlements, net	Purchases, Sales, Issues and (in millions) Purchases Sales Settlements Settlements, Net (a) Three Months Ended September 30, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 56 $ - $ (4) $ 52 Non-U.S. governments 7 - (7) - Corporate debt 6 (5) (54) (53) RMBS 194 (16) (909) (731) CMBS - (17) (60) (77) CDO/ABS 402 (136) (432) (166) Total bonds available for sale 665 (174) (1,466) (975) Other bond securities: Corporate debt - - - - RMBS - (51) (79) (130) CMBS 42 - - 42 CDO/ABS - (57) (448) (505) Total other bond securities 42 (108) (527) (593) Equity securities available for sale 4 - (6) (2) Other equity securities - - - - Other invested assets 46 (9) (1) 36 Total assets $ 757 $ (291) $ (2,000) $ (1,534) Liabilities: Policyholder contract deposits $ - $ 79 $ 78 $ 157 Derivative liabilities, net - - 17 17 Long-term debt (b) - - (60) (60) Total liabilities $ - $ 79 $ 35 $ 114 Three Months Ended September 30, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 98 $ - $ (40) $ 58 Non-U.S. governments 7 - (4) 3 Corporate debt - - (6) (6) RMBS 754 (23) (896) (165) CMBS 50 (24) (27) (1) CDO/ABS 902 (22) (152) 728 Total bonds available for sale 1,811 (69) (1,125) 617 Other bond securities: Corporate debt - - - - RMBS 12 (74) (58) (120) CMBS - (14) (1) (15) CDO/ABS - (340) (166) (506) Total other bond securities 12 (428) (225) (641) Equity securities available for sale - - - - Other equity securities - - (14) (14) Other invested assets 21 - (3) 18 Total assets $ 1,844 $ (497) $ (1,367) $ (20) Liabilities: Policyholder contract deposits $ - $ 95 $ (128) $ (33) Derivative liabilities, net (2) - 24 22 Long-term debt (b) - - - - Total liabilities $ (2) $ 95 $ (104) $ (11) Purchases, Sales, Issues and (in millions) Purchases Sales Settlements Settlements, Net (a) Nine Months Ended September 30, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 279 $ (16) $ (42) $ 221 Non-U.S. governments 7 (1) (12) (6) Corporate debt 36 (59) (196) (219) RMBS 834 (260) (2,844) (2,270) CMBS 39 (128) (610) (699) CDO/ABS 1,609 (136) (995) 478 Total bonds available for sale 2,804 (600) (4,699) (2,495) Other bond securities: Corporate debt 11 - (1) 10 RMBS 112 (218) (207) (313) CMBS 42 (11) (7) 24 CDO/ABS - (65) (1,257) (1,322) Total other bond securities 165 (294) (1,472) (1,601) Equity securities available for sale 12 - (6) 6 Other equity securities - - - - Mortgage and other loans receivable - (6) - (6) Other invested assets 89 (11) (20) 58 Total assets $ 3,070 $ (911) $ (6,197) $ (4,038) Liabilities: Policyholder contract deposits $ - $ 231 $ 116 $ 347 Derivative liabilities, net - - 52 52 Long-term debt (b) - - (84) (84) Total liabilities $ - $ 231 $ 84 $ 315 Nine Months Ended September 30, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 144 $ (7) $ (86) $ 51 Non-U.S. governments 10 - (5) 5 Corporate debt 29 (25) (46) (42) RMBS 2,297 (81) (2,553) (337) CMBS 156 (82) (243) (169) CDO/ABS 2,053 (33) (472) 1,548 Total bonds available for sale 4,689 (228) (3,405) 1,056 Other bond securities: Corporate debt - - (1) (1) RMBS 101 (100) (175) (174) CMBS 53 (85) (6) (38) CDO/ABS 69 (376) (918) (1,225) Total other bond securities 223 (561) (1,100) (1,438) Equity securities available for sale - - - - Other equity securities 14 - (28) (14) Other invested assets 39 (2) (56) (19) Total assets $ 4,965 $ (791) $ (4,589) $ (415) Liabilities: Policyholder contract deposits $ - $ 365 $ (140) $ 225 Derivative liabilities, net (5) - (56) (61) Long-term debt (b) - - (3) (3) Total liabilities $ (5) $ 365 $ (199) $ 161 (a) There were no issuances during the three - and nine -month period s ended September 30, 2017 and 2016 , respectively . (b) 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) 2017 Technique Unobservable Input (b) (Weighted Average) Assets: Obligations of states, municipalities and political subdivisions $ 1,578 Discounted cash flow Yield 3.71% - 4.49% (4.10%) Corporate debt 430 Discounted cash flow Yield 4.18% - 4.52% (4.35%) RMBS (a) 16,472 Discounted cash flow Constant prepayment rate 2.54% - 11.06% (6.80%) Loss severity 47.05% - 79.54% (62.97%) Constant default rate 3.21% - 7.87% (5.54%) Yield 2.27% - 4.88% (3.58%) CDO/ABS (a) 5,086 Discounted cash flow Yield 3.26% - 4.99% (4.12%) CMBS 488 Discounted cash flow Yield 1.86% - 9.12% (5.49%) Liabilities: Embedded derivatives within Policyholder contract deposits: Guaranteed minimum withdrawal benefits (GMWB) 2,104 Discounted cash flow Equity volatility 5.00% - 40.00% Base lapse rate 0.35% - 14.00% Dynamic lapse multiplier 30.00% - 170.00% Mortality multiplier (c) 40.00% - 153.00% Utilization 100.00% Equity / interest-rate correlation 20.00% - 40.00% Index Annuities 1,375 Discounted cash flow Lapse rate 0.50% - 40.00% Mortality multiplier (c) 42.00% - 162.00% Indexed Life 477 Discounted cash flow Base lapse rate 2.00% to 19.00% Mortality rate 0.00% to 40.00% Fair Value at December 31, Valuation Range (in millions) 2016 Technique Unobservable Input (b) (Weighted Average) Assets: Obligations of states, municipalities and political subdivisions $ 1,248 Discounted cash flow Yield 4.12% - 4.91% (4.52%) Corporate debt 498 Discounted cash flow Yield 3.41% - 6.38% (4.90%) RMBS (a) 17,412 Discounted cash flow Constant prepayment rate 3.95% - 6.54% (5.25%) Loss severity 47.51% - 80.98% (64.24%) Constant default rate 3.28% - 8.64% (5.96%) Yield 3.28% - 5.87% (4.57%) CDO/ABS (a) 4,368 Discounted cash flow Yield 3.67% - 5.85% (4.76%) CMBS 1,511 Discounted cash flow Yield 0.48% - 10.21% (5.34%) Liabilities: Embedded derivatives within Policyholder contract deposits: GMWB 1,777 Discounted cash flow Equity volatility 13.00% - 50.00% Base lapse rate 0.50% - 20.00% Dynamic lapse multiplier 30.00% - 170.00% Mortality multiplier (c) 42.00% - 161.00% Utilization 100.00% Equity / interest-rate correlation 20.00% - 40.00% Index Annuities 859 Discounted cash flow Lapse rate 1.00% - 66.00% Mortality multiplier (c) 101.00% - 103.00% Indexed Life 381 Discounted cash flow Base lapse rate 2.00% - 19.00% Mortality rate 0.00% - 40.00% (a) Information received from third-party valuation service providers. The ranges of the unobservable inputs for 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 tra nches 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) Rep resents discount rates, estimates and assumptions that we believe would be used by market participants when valuing these assets and liabilities. (c) Mortality inputs are shown as multipliers of the 2012 Individual Annuity Mortality Basic table .
Investments in Certain Entities Carried at Fair Value Using Net Asset Value per Share	September 30, 2017 December 31, 2016 Fair Value Fair Value Using NAV Using NAV Per Share (or Unfunded Per Share (or Unfunded (in millions) Investment Category Includes its equivalent) Commitments its equivalent) 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 $ 1,310 $ 761 $ 1,424 $ 750 Real Estate / Infrastructure Investments in real estate properties and infrastructure positions, including power plants and other energy generating facilities 226 185 258 208 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 127 44 137 31 Distressed Securities of companies that are in default, under bankruptcy protection, or troubled 119 43 123 44 Other Includes multi-strategy, mezzanine and other strategies 400 237 312 215 Total private equity funds 2,182 1,270 2,254 1,248 Hedge funds: Event-driven Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations 1,228 - 1,453 9 Long-short Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk 1,317 - 1,429 - Macro Investments that take long and short positions in financial instruments based on a top-down view of certain economic and capital market conditions 1,016 - 992 - Distressed Securities of companies that are in default, under bankruptcy protection or troubled 278 7 416 8 Other Includes investments held in funds that are less liquid, as well as other strategies which allow for broader allocation between public and private investments 222 4 197 14 Total hedge funds 4,061 11 4,487 31 Total $ 6,243 $ 1,281 $ 6,741 $ 1,279
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, (in millions) 2017 2016 2017 2016 Assets: Bond and equity securities $ 289 $ 331 $ 1,088 $ 629 Alternative Investments (a) 129 154 406 (60) Other, including Short-term investments 1 - 1 - Liabilities: Long-term debt (b) (18) 8 (66) (239) Other liabilities (1) - (2) - Total gain $ 400 $ 493 $ 1,427 $ 330 (a) Includes certain hedge funds, private equity funds and other investment partnerships . ( b ) Includes GIAs, notes, bonds and mortgages payable .
Difference between fair values and aggregate contractual principal amounts, fair value option	September 30, 2017 December 31, 2016 Outstanding Outstanding (in millions) Fair Value Principal Amount Difference Fair Value Principal Amount Difference Assets: Mortgage and other loans receivable $ 5 $ 5 $ - $ 11 $ 8 $ 3 Liabilities: Long-term debt * $ 2,998 $ 2,353 $ 645 $ 3,428 $ 2,628 $ 800 * Includes GIAs, notes, bond s, 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 2017 2016 2017 2016 September 30, 2017 Other investments $ - $ - $ 62 $ 62 $ 26 $ 27 $ 76 $ 58 Investments in life settlements - - 1,759 1,759 273 80 360 329 Other assets * - - - - - 2 35 11 Total $ - $ - $ 1,821 $ 1,821 $ 299 $ 109 $ 471 $ 398 December 31, 2016 Other investments $ - $ - $ 364 $ 364 Investments in life settlements - - 736 736 Other assets - - 2 2 Total $ - $ - $ 1,102 $ 1,102 * Impairments include $ 35 million related to ot her assets that were sold during the three-month period ended June 30, 2017.
Carrying values and estimated fair values of AIG's financial instruments	Estimated Fair Value Carrying (in millions) Level 1 Level 2 Level 3 Total Value September 30, 2017 Assets: Mortgage and other loans receivable $ - $ 155 $ 36,750 $ 36,905 $ 36,084 Other invested assets - 665 6 671 661 Short-term investments - 7,172 - 7,172 7,172 Cash 2,433 - - 2,433 2,433 Liabilities: Policyholder contract deposits associated with investment-type contracts - 353 123,656 124,009 114,070 Other liabilities - 4,896 - 4,896 4,896 Long-term debt - 23,687 3,486 27,173 28,041 December 31, 2016 Assets: Mortgage and other loans receivable $ - $ 161 $ 33,575 $ 33,736 $ 33,229 Other invested assets - 955 2,053 3,008 3,474 Short-term investments - 8,961 - 8,961 8,961 Cash 1,868 - - 1,868 1,868 Liabilities: Policyholder contract deposits associated with investment-type contracts - 382 121,742 122,124 112,705 Other liabilities - 4,196 - 4,196 4,196 Long-term debt - 23,117 3,333 26,450 27,484

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2017
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) September 30, 2017 Bonds available for sale: U.S. government and government sponsored entities $ 2,252 $ 152 $ (20) $ 2,384 $ - Obligations of states, municipalities and political subdivisions 17,637 1,235 (41) 18,831 - Non-U.S. governments 14,885 808 (100) 15,593 - Corporate debt 126,014 8,519 (848) 133,685 10 Mortgage-backed, asset-backed and collateralized: RMBS 34,270 3,421 (182) 37,509 1,737 CMBS 13,154 456 (92) 13,518 52 CDO/ABS 15,931 374 (54) 16,251 29 Total mortgage-backed, asset-backed and collateralized 63,355 4,251 (328) 67,278 1,818 Total bonds available for sale (b) 224,143 14,965 (1,337) 237,771 1,828 Equity securities available for sale: Common stock 708 357 (9) 1,056 - Preferred stock 504 73 - 577 - Mutual funds 62 12 - 74 - Total equity securities available for sale 1,274 442 (9) 1,707 - Total $ 225,417 $ 15,407 $ (1,346) $ 239,478 $ 1,828 December 31, 2016 Bonds available for sale: U.S. government and government sponsored entities $ 1,870 $ 148 $ (26) $ 1,992 $ - Obligations of states, municipalities and political subdivisions 24,025 1,001 (254) 24,772 - Non-U.S. governments 14,018 773 (256) 14,535 - Corporate debt 126,648 7,271 (1,739) 132,180 (31) Mortgage-backed, asset-backed and collateralized: RMBS 35,311 2,541 (478) 37,374 1,212 CMBS 14,054 409 (192) 14,271 45 CDO/ABS 16,315 278 (180) 16,413 39 Total mortgage-backed, asset-backed and collateralized 65,680 3,228 (850) 68,058 1,296 Total bonds available for sale (b) 232,241 12,421 (3,125) 241,537 1,265 Equity securities available for sale: Common stock 708 369 (12) 1,065 - Preferred stock 748 4 - 752 - Mutual funds 241 23 (3) 261 - Total equity securities available for sale 1,697 396 (15) 2,078 - Total $ 233,938 $ 12,817 $ (3,140) $ 243,615 $ 1,265 (a) Represents the amount of other-than-temporary impairment s recognized in Accumulated other comprehensive income . Amount includes unrealized gains and losses on impaired securities relating to changes in the fair value of such securities subsequent to the impairment measurement date. (b) At September 30, 2017 and December 31, 2016 , bonds available for sale held by us that were below investment grade or not rated totaled $ 31.2 billion and $ 33.6 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 September 30, 2017 Bonds available for sale: U.S. government and government sponsored entities $ 766 $ 10 $ 237 $ 10 $ 1,003 $ 20 Obligations of states, municipalities and political subdivisions 871 9 638 32 1,509 41 Non-U.S. governments 2,354 17 793 83 3,147 100 Corporate debt 13,155 272 7,984 576 21,139 848 RMBS 5,861 99 2,287 83 8,148 182 CMBS 2,663 37 1,173 55 3,836 92 CDO/ABS 1,864 24 755 30 2,619 54 Total bonds available for sale 27,534 468 13,867 869 41,401 1,337 Equity securities available for sale: Common stock 149 9 1 - 150 9 Mutual funds 6 - - - 6 - Total equity securities available for sale 155 9 1 - 156 9 Total $ 27,689 $ 477 $ 13,868 $ 869 $ 41,557 $ 1,346 December 31, 2016 Bonds available for sale: U.S. government and government sponsored entities $ 720 $ 26 $ - $ - $ 720 $ 26 Obligations of states, municipalities and political subdivisions 5,814 221 231 33 6,045 254 Non-U.S. governments 3,865 162 489 94 4,354 256 Corporate debt 28,184 1,013 6,080 726 34,264 1,739 RMBS 8,794 252 4,045 226 12,839 478 CMBS 4,469 152 479 40 4,948 192 CDO/ABS 5,362 102 1,961 78 7,323 180 Total bonds available for sale 57,208 1,928 13,285 1,197 70,493 3,125 Equity securities available for sale: Common stock 125 12 - - 125 12 Mutual funds 64 3 - - 64 3 Total equity securities available for sale 189 15 - - 189 15 Total $ 57,397 $ 1,943 $ 13,285 $ 1,197 $ 70,682 $ 3,140
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 Available for Sale Position Available for Sale (in millions) Amortized Cost Fair Value Amortized Cost Fair Value September 30, 2017 Due in one year or less $ 8,929 $ 9,129 $ 1,400 $ 1,386 Due after one year through five years 47,237 49,651 5,260 5,134 Due after five years through ten years 41,576 43,101 8,841 8,474 Due after ten years 63,046 68,612 12,306 11,804 Mortgage-backed, asset-backed and collateralized 63,355 67,278 14,931 14,603 Total $ 224,143 $ 237,771 $ 42,738 $ 41,401 December 31, 2016 Due in one year or less $ 7,796 $ 7,994 $ 604 $ 581 Due after one year through five years 49,200 51,958 6,002 5,841 Due after five years through ten years 43,308 44,226 16,045 15,332 Due after ten years 66,257 69,301 25,007 23,629 Mortgage-backed, asset-backed and collateralized 65,680 68,058 25,960 25,110 Total $ 232,241 $ 241,537 $ 73,618 $ 70,493
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, 2017 2016 2017 2016 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 $ 93 $ 39 $ 189 $ 54 $ 637 $ 263 $ 593 $ 696 Equity securities 6 2 54 1 106 20 1,066 15 Total $ 99 $ 41 $ 243 $ 55 $ 743 $ 283 $ 1,659 $ 711
The fair value of AIG's other securities	September 30, 2017 December 31, 2016 Fair Percent Fair Percent (in millions) Value of Total Value of Total Fixed maturity securities: U.S. government and government sponsored entities $ 2,829 22 % $ 2,939 20 % Obligations of states, municipalities and political subdivisions - - - - Non-U.S. governments 55 - 51 - Corporate debt 1,862 14 1,772 12 Mortgage-backed, asset-backed and collateralized : RMBS 1,869 14 2,025 14 CMBS 556 4 603 4 CDO/ABS and other collateralized * 5,482 42 6,608 47 Total mortgage-backed, asset-backed and collateralized 7,907 60 9,236 65 Total fixed maturity securities 12,653 96 13,998 97 Equity securities 538 4 482 3 Total $ 13,191 100 % $ 14,480 100 % * Includes $ 270 million and $ 421 million of U.S. g overnment agency-backed ABS at September 30, 2017 and December 31, 2016 , respectively.
Components of other invested assets	September 30, December 31, (in millions) 2017 2016 Alternative investments (a) (b) $ 12,042 $ 13,379 Investment real estate (c) 7,465 6,900 Aircraft asset investments (d) 218 321 Investments in life settlements 1,759 2,516 All other investments 1,106 1,422 Total $ 22,590 $ 24,538 (a) At September 30, 2017 , includes hedge funds of $ 6.3 billion, private equity funds of $ 5.2 billion, and affordable housing partnerships of $ 558 million. At December 31, 2016 , includes hedge funds of $ 7.2 billion, private equity funds of $ 5.5 billion, and affordable housing partnerships of $ 625 million. (b) Approximately 45 percent and 32 percent of our hedge fund portfolio is available for redemption in 2017 and 2018, respectively, an additional 17 percent will be available between 2019 and 2024 . (c) Net of accumulated depreciation of $ 510 million and $ 451 million in September 30, 2017 and December 31, 2016 , respectively. (d) Consists of investments in aircraft equipment held in a consolidated trust.
Components of net investment income	Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2017 2016 2017 2016 Fixed maturity securities, including short-term investments $ 2,697 $ 2,935 $ 8,326 $ 8,863 Equity securities 5 25 22 (19) Interest on mortgage and other loans 414 379 1,206 1,144 Alternative investments * 355 365 1,174 309 Real estate 51 37 131 125 Other investments 30 157 246 395 Total investment income 3,552 3,898 11,105 10,817 Investment expenses 136 115 390 338 Net investment income $ 3,416 $ 3,783 $ 10,715 $ 10,479 * Includes income from hedge funds, private equity funds and affordable housing partnerships. Hedge funds for which we elected the fair value option are recorded as of the balance sheet date. Other hedge funds are generally reported on a one-month lag, while private equity funds are generally reported on a one-quarter lag.
Components of net realized capital gains (losses)	Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2017 2016 2017 2016 Sales of fixed maturity securities $ 54 $ 135 $ 374 $ (103) Sales of equity securities 4 53 86 1,051 Other-than-temporary impairments: Severity - (10) (2) (15) Change in intent (1) (2) (9) (35) Foreign currency declines (1) (7) (11) (14) Issuer-specific credit events (85) (77) (197) (303) Adverse projected cash flows (1) (6) (4) (47) Provision for loan losses (38) 8 (56) 8 Foreign exchange transactions 66 (639) 299 (1,197) Variable annuity embedded derivatives, net of related hedges (430) (309) (1,023) (482) All other derivatives and hedge accounting (136) 83 (217) 353 Impairments on investments in life settlements (273) (80) (360) (329) Other * (81) 86 14 284 Net realized capital losses $ (922) $ (765) $ (1,106) $ (829) * Includes $ 107 million of realized gains due to a purchase price adjustment on the sale of Class B shares of Prude ntial Financial, Inc. for the nine months ended September 30, 2016 .
Schedule of increase (decrease) in unrealized appreciation (depreciation) of available for sale securities and other investments	Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2017 2016 2017 2016 Increase (decrease) in unrealized appreciation (depreciation) of investments: Fixed maturity securities $ 1,059 $ 1,595 $ 4,332 $ 11,957 Equity securities 9 (19) 52 (1,159) Other investments 10 (29) (127) (243) Total Increase (decrease) in unrealized appreciation (depreciation) of investments * $ 1,078 $ 1,547 $ 4,257 $ 10,555 * Excludes net unrealized losses 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) 2017 2016 2017 2016 Balance, beginning of period $ 762 $ 1,298 $ 1,098 $ 1,747 Increases due to: Credit impairments on new securities subject to impairment losses 58 23 116 146 Additional credit impairments on previously impaired securities 12 37 49 166 Reductions due to: Credit impaired securities fully disposed of for which there was no prior intent or requirement to sell (44) (39) (99) (282) Accretion on securities previously impaired due to credit * (147) (187) (523) (645) Impairments on securities reclassified to Assets held for sale - (2) - (2) Balance, end of period $ 641 $ 1,130 $ 641 $ 1,130 * Represents both accretion recognized due to changes in cash flows expected to be collected over the remaining expected term of the credit impaired securities and the accretion due to the passage of time.
Schedule of Purchased Credit Impaired (PCI) Securities, at acquisition date	(in millions) At Date of Acquisition Contractually required payments (principal and interest) $ 36,228 Cash flows expected to be collected * 29,649 Recorded investment in acquired securities 19,944 * Represents undiscounted expect ed cash flows, including both principal and interes t .
Schedule of Purchased Credit Impaired (PCI) Securities, at reporting date	(in millions) September 30, 2017 December 31, 2016 Outstanding principal balance $ 14,977 $ 16,728 Amortized cost 10,636 11,987 Fair value 12,470 12,922
Activity for accretable yield on Purchased Credit Impaired (PCI) Securities	Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2017 2016 2017 2016 Balance, beginning of period $ 7,465 $ 7,043 $ 7,498 $ 6,846 Newly purchased PCI securities 16 177 117 628 Disposals - - (18) - Accretion (193) (214) (609) (637) Effect of changes in interest rate indices (74) (196) (188) (435) Net reclassification from (to) non-accretable difference, including effects of prepayments 172 158 586 566 Balance, end of period $ 7,386 $ 6,968 $ 7,386 $ 6,968
Schedule of fair value of securities pledged to counterparties under secured financing transactions	(in millions) September 30, 2017 December 31, 2016 Fixed maturity securities available for sale $ 2,988 $ 2,389 Other bond securities, at fair value $ 1,869 $ 1,799
Transfer of Certain Financial Assets Accounted for as Secured Borrowings	Remaining Contractual Maturity of the Agreements (in millions) Overnight and Continuous up to 30 days 31 - 90 days 91 - 364 days 365 days or greater Total September 30, 2017 Bonds available for sale: Non-U.S. governments $ - $ 40 $ - $ - $ - $ 40 Corporate debt - 17 44 11 - 72 Other bond securities: U.S. government and government sponsored entities 33 - - - - 33 Non-U.S. governments - - - 55 - 55 Corporate debt - 422 1,089 270 - 1,781 Total $ 33 $ 479 $ 1,133 $ 336 $ - $ 1,981 December 31, 2016 Other bond securities: Non-U.S. governments $ - $ - $ - $ 51 $ - $ 51 Corporate debt - 163 860 725 - 1,748 Total $ - $ 163 $ 860 $ 776 $ - $ 1,799 Remaining Contractual Maturity of the Agreements (in millions) Overnight and Continuous up to 30 days 31 - 90 days 91 - 364 days 365 days or greater Total September 30, 2017 Bonds available for sale: Obligations of states, municipalities and political subdivisions $ - $ - $ - $ - $ - $ - Non-U.S. governments - 68 - - - 68 Corporate debt - 704 1,608 496 - 2,808 CMBS - - - - - - Total $ - $ 772 $ 1,608 $ 496 $ - $ 2,876 December 31, 2016 Bonds available for sale: Obligations of states, municipalities and political subdivisions $ - $ 21 $ - $ - $ - $ 21 Non-U.S. governments - - 50 - - 50 Corporate debt - 791 1,466 - - 2,257 CMBS - - 61 - - 61 Total $ - $ 812 $ 1,577 $ - $ - $ 2,389
Schedule of fair value of securities pledged to the entity under reverse repurchase agreements	(in millions) September 30, 2017 December 31, 2016 Securities collateral pledged to us $ 2,054 $ 1,434 Amount sold or repledged by us $ 80 $ 11

LENDING ACTIVITIES (Tables)

LENDING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2017
LENDING ACTIVITIES
Composition of Mortgages and other loans receivable	September 30, December 31, (in millions) 2017 2016 Commercial mortgages * $ 27,930 $ 25,042 Residential mortgages 4,991 3,828 Life insurance policy loans 2,301 2,367 Commercial loans, other loans and notes receivable 1,212 2,300 Total mortgage and other loans receivable 36,434 33,537 Allowance for credit losses (345) (297) Mortgage and other loans receivable, net $ 36,089 $ 33,240 * Commercial mortgages primarily represent loans for office s , apartments and retail properties, with exposures in New York and California representing the largest geographic concentrations ( aggregating approximately 22 percent and 12 percent , respectively, at September 30, 2017 , and 24 percent and 12 percent , respectively, at December 31, 2016 ) .
Schedule of debt service coverage ratio and loan-to-value ratio for the commercial mortgage loans	Debt Service Coverage Ratios (a) (in millions) >1.20X 1.00X - 1.20X <1.00X Total September 30, 2017 Loan-to-Value Ratios (b) Less than 65% $ 17,040 $ 1,960 $ 355 $ 19,355 65% to 75% 5,466 418 205 6,089 76% to 80% 672 54 53 779 Greater than 80% 1,189 437 81 1,707 Total commercial mortgages $ 24,367 $ 2,869 $ 694 $ 27,930 December 31, 2016 Loan-to-Value Ratios (b) Less than 65% $ 13,998 $ 1,694 $ 232 $ 15,924 65% to 75% 5,946 575 62 6,583 76% to 80% 1,246 174 47 1,467 Greater than 80% 471 392 205 1,068 Total commercial mortgages $ 21,661 $ 2,835 $ 546 $ 25,042 (a) The debt service coverage ratio compares a property’s net operating income to its debt service payments, including principal and interest. Our weighted average debt service coverage ratio was 1.8 X and 1.9 X at September 30, 2017 and December 31, 2016 , respectively. (b) The loan-to-value ratio compares the current unpaid principal balance of the loan to the estimated fair value of the underlying property collateralizing the loan. Our weigh ted average loan-to-value ratio was 58 percent at both September 30, 2017 , and December 31, 2016 .
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 $ September 30, 2017 Credit Quality Performance Indicator: In good standing 770 $ 7,274 $ 8,642 $ 5,367 $ 2,147 $ 2,391 $ 2,002 $ 27,823 100 % Restructured (a) 3 - 15 4 - 16 - 35 - 90 days or less delinquent 1 - 14 - - - - 14 - >90 days delinquent or in process of foreclosure 2 - 40 18 - - - 58 - Total (b) 776 $ 7,274 $ 8,711 $ 5,389 $ 2,147 $ 2,407 $ 2,002 $ 27,930 100 % Allowance for credit losses: Specific $ - $ 3 $ 31 $ - $ 1 $ - $ 35 - % General 61 93 36 8 14 17 229 1 Total allowance for credit losses $ 61 $ 96 $ 67 $ 8 $ 15 $ 17 $ 264 1 % December 31, 2016 Credit Quality Performance Indicator: In good standing 784 $ 6,005 $ 7,830 $ 5,179 $ 1,898 $ 2,373 $ 1,589 $ 24,874 99 % Restructured (a) 4 - 134 18 - 16 - 168 1 90 days or less delinquent - - - - - - - - - >90 days delinquent or in process of foreclosure - - - - - - - - - Total (b) 788 $ 6,005 $ 7,964 $ 5,197 $ 1,898 $ 2,389 $ 1,589 $ 25,042 100 % Allowance for credit losses: Specific $ - $ 3 $ 1 $ 6 $ 1 $ - $ 11 - % General 35 72 41 7 13 15 183 1 Total allowance for credit losses $ 35 $ 75 $ 42 $ 13 $ 14 $ 15 $ 194 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 2016 Annual Report. (b) Does not reflect a llowance for credit l osses . (c) 99.7 percent of the commercial mortgage s held at such respective dates were current as to payments of principal and interes t. There were no significant amounts of nonperforming commercial mortga ges (defined as those loans where payment of contractual principal or interest is mor e than 90 days past due) during any of the periods presented.
Schedule of changes in the allowance for losses on Mortgage and other loans receivable	2017 2016 Nine Months Ended September 30, Commercial Other Commercial Other (in millions) Mortgages Loans Total Mortgages Loans Total Allowance, beginning of year $ 194 $ 103 $ 297 $ 171 $ 137 $ 308 Loans charged off (5) (2) (7) (13) (2) (15) Recoveries of loans previously charged off - - - 11 - 11 Net charge-offs (5) (2) (7) (2) (2) (4) Provision for loan losses 75 (20) 55 20 (25) (5) Other - - - - - - Allowance, end of period $ 264 * $ 81 $ 345 $ 189 * $ 110 $ 299 * Of the total allowance , $ 35 million and $ 11 million relate to individually assessed credit losses on $ 342 million and $ 292 million of commercial mortgages at September 30, 2017 and 2016 , respectively.

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	9 Months Ended
	Sep. 30, 2017
Variable Interest Entity Primary Beneficiary
Variable Interest Entities [Line Items]
Schedule of Variable Interest Entities	(in millions) Real Estate and Investment Entities (d) Securitization Vehicles (e) Structured Investment Vehicle Affordable Housing Partnerships Other Total September 30, 2017 Assets: Bonds available for sale $ - $ 10,144 $ - $ - $ - $ 10,144 Other bond securities - 4,427 - - 4 4,431 Mortgage and other loans receivable - 1,641 - - - 1,641 Other invested assets 1,047 218 - 3,050 25 4,340 Other (a) 358 1,196 4 463 83 2,104 Total assets (b) $ 1,405 $ 17,626 $ 4 $ 3,513 $ 112 $ 22,660 Liabilities: Long-term debt $ 465 $ 1,099 $ 3 $ 1,861 $ 5 $ 3,433 Other (c) 112 137 - 209 27 485 Total liabilities $ 577 $ 1,236 $ 3 $ 2,070 $ 32 $ 3,918 December 31, 2016 Assets: Bonds available for sale $ - $ 10,233 $ - $ - $ - $ 10,233 Other bond securities - 4,858 266 - 5 5,129 Mortgage and other loans receivable 1 1,442 - - 104 1,547 Other invested assets 1,052 321 - 2,821 28 4,222 Other (a) 365 1,104 50 384 92 1,995 Total assets (b) $ 1,418 $ 17,958 $ 316 $ 3,205 $ 229 $ 23,126 Liabilities: Long-term debt $ 444 $ 771 $ 56 $ 1,696 $ 6 $ 2,973 Other (c) 224 203 1 211 38 677 Total liabilities $ 668 $ 974 $ 57 $ 1,907 $ 44 $ 3,650 (a) Comprised primarily of Short-term investments and Other assets at September 30, 2017 and December 31, 2016 . (b) The assets of each VIE can be used only to settle specific obligations of that VIE. (c) Comprised primarily of Other liabilities at September 30, 2017 and December 31, 2016 . (d) At September 30, 2017 and December 31, 2016 , off-balance sheet exposure primarily consisting of commitments to real estate and investment entities was $ 98.6 million and $ 106 million, respectively. (e) At September 30, 2017 and December 31, 2016 , $ 17.0 billion and $ 17.3 billion, respectively, of the total assets of consolidated securitization vehicles were owed to AIG Parent or its subsidiaries.
Variable Interest Entity Not Primary Beneficiary
Variable Interest Entities [Line Items]
Schedule of Assets And Liabilities of Variable Interest Entities by Balance Sheets Location	Maximum Exposure to Loss Total VIE On-Balance Off-Balance (in millions) Assets Sheet (b) Sheet Total September 30, 2017 Real estate and investment entities (a) $ 378,378 $ 9,876 $ 2,019 $ 11,895 Affordable housing partnerships 4,549 736 - 736 Other 2,882 277 1,189 (c) 1,466 Total $ 385,809 $ 10,889 $ 3,208 $ 14,097 December 31, 2016 Real estate and investment entities (a) $ 409,087 $ 11,015 $ 2,115 $ 13,130 Affordable housing partnerships 4,709 785 - 785 Other 2,869 314 1,045 (c) 1,359 Total $ 416,665 $ 12,114 $ 3,160 $ 15,274 (a) Comprised primarily of hedge funds and private equity funds. (b) At September 30, 2017 and December 31, 2016 , $ 10.5 billion and $ 11.7 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets. (c) These amounts represent our estimate of the maximum exposure to loss under certain insurance policies issued to VIEs if a hypothetical loss occurred to the extent of the full amount of the insured value. Our insurance policies cover defined risks and our estimate of liability is included in our insurance reserves on the balance sheet.

DERIVATIVES AND HEDGE ACCOUNT35

DERIVATIVES AND HEDGE ACCOUNTING (Tables)	9 Months Ended
	Sep. 30, 2017
DERIVATIVES AND HEDGE ACCOUNTING
Notional amounts and fair values of derivative instruments	September 30, 2017 December 31, 2016 Gross Derivative Assets Gross Derivative Liabilities Gross Derivative Assets Gross Derivative Liabilities Notional Fair Notional Fair Notional Fair Notional Fair (in millions) Amount Value Amount Value Amount Value Amount Value Derivatives designated as hedging instruments: (a) Interest rate contracts $ 290 $ 1 $ 615 $ 9 $ 175 $ - $ 782 $ 11 Foreign exchange contracts 2,634 198 4,546 289 3,527 385 2,602 184 Equity contracts - - 143 3 - - 113 7 Derivatives not designated as hedging instruments: (a) Interest rate contracts 49,801 2,253 33,303 2,245 51,030 2,328 44,211 3,066 Foreign exchange contracts 6,143 669 10,763 1,012 9,468 935 7,674 1,185 Equity contracts 14,340 469 8,224 56 14,060 305 8,633 12 Credit contracts (b) 3 1 975 278 4 2 861 331 Other contracts (c) 38,031 23 61 5 37,633 22 62 6 Total derivatives, gross $ 111,242 $ 3,614 $ 58,630 $ 3,897 $ 115,897 $ 3,977 $ 64,938 $ 4,802 Counterparty netting (d) (1,390) (1,390) (1,265) (1,265) Cash collateral (e) (1,324) (1,395) (903) (1,521) Total derivatives on condensed consolidated balance sheets (f) $ 900 $ 1,112 $ 1,809 $ 2,016 (a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b ) As of September 30, 2017 and December 31, 2016 , included CDSs on super senior multi-sector CDOs with a net notional amount of $ 716 million and $ 801 million (fair value liability of $ 263 million and $ 308 million), respectively. The expected weighted average maturity as of September 30, 2017 is six years. Because of long-term maturities of the CDSs in the portfolio, we are unable to make reasonable estimates of the periods during which any payments would be made. However, the net notional amount r epresents the maximum exposure to loss on the portfolio. As of September 30, 2017 and December 31, 2016 , there were no super senior corporate debt/CLOs remaining. (c) Consists primarily of stable value wraps and contracts with mu ltiple underlying exposures. (d) Represents netting of derivative exposures covered by a qualifying master netting agreement. (e) Represents cash collateral posted and received that is eligible for netting. (f) Freestanding derivatives only, excludes Embed ded derivatives. Derivative instrument assets and liabilities are recorded in Other Assets and Liabilities, respectively. Fair value of assets related to bifurcated Embedded derivatives was zero at both September 30, 2017 and December 31, 2 016. Fair value of liabilities related to bifurcated Embedded derivatives was $ 4.0 billion and $ 3.1 billion , respectively, at September 30, 2017 and December 31, 2016. A bifurcated Embedd ed derivative is generally presented with the host contract in the Condensed Consolidated Balance Sheets. Embedded derivatives are primarily related to guarantee features in variable annuity products, which include equity and interest rate components.
Gain (loss) recognized in earnings on AIG's derivative instruments in fair value hedging relationships in the Consolidated Statements of Income	Gains/(Losses) Recognized in Earnings for: Including Gains/(Losses) Attributable to: Hedging Hedged Hedge Excluded (in millions) Derivatives (a) Items Ineffectiveness Components Other (b) Three Months Ended September 30, 2017 Interest rate contracts : Realized capital gains/(losses) $ (1) $ 1 $ - $ - $ - Other income - - - - - Foreign exchange contracts : Realized capital gains/(losses) (157) 142 - (15) - Other income - - - - - Equity contracts : Realized capital gains/(losses) (3) 2 - (1) - Three Months Ended September 30, 2016 Interest rate contracts : Realized capital gains/(losses) $ (1) $ 1 $ - $ - $ - Other income - 3 - - 3 Foreign exchange contracts : Realized capital gains/(losses) (10) (34) - (44) - Other income - 3 - - 3 Equity contracts : Realized capital gains/(losses) 8 (9) - (1) - Nine Months Ended September 30, 2017 Interest rate contracts : Realized capital gains/(losses) $ 1 $ (1) $ - $ - $ - Other income - - - - - Foreign exchange contracts : Realized capital gains/(losses) (318) 332 - 14 - Other income - 4 - - 4 Equity contracts : Realized capital gains/(losses) (29) 26 - (3) - Nine Months Ended September 30, 2016 Interest rate contracts : Realized capital gains/(losses) $ - $ (6) $ - $ - $ (6) Other income - 10 - - 10 Foreign exchange contracts : Realized capital gains/(losses) 413 (443) - (30) - Other income - 15 - - 15 Equity contracts : Realized capital gains/(losses) 28 (28) - - - (a) The amounts presented do not include the periodic net coupon settlements of the derivative contract or the coupon income (expense) related to the hedged item. (b) Represents accretion/amortization of opening fair value of the hedged item at inception of hedge relationship, amortization of basis adjustment on hedged item following the discontinuation of hedge accounting, and the release of debt basis adjustment following the repurchase of issued debt that was part of pr eviously-discontinued fair value h edge relationship.
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) 2017 2016 2017 2016 By Derivative Type: Interest rate contracts $ (18) $ 91 $ 81 $ 1,464 Foreign exchange contracts (98) 49 (220) 203 Equity contracts (233) (317) (723) (589) Commodity contracts - - - - Credit contracts 19 36 55 70 Other contracts 19 22 55 58 Embedded derivatives (213) 30 (326) (1,255) Total $ (524) $ (89) $ (1,078) $ (49) By Classification: Policy fees $ 20 $ 20 $ 59 $ 60 Net investment income (3) 2 (10) 14 Net realized capital losses (550) (181) (1,250) (93) Other income (losses) 8 69 121 (43) Policyholder benefits and claims incurred 1 1 2 13 Total $ (524) $ (89) $ (1,078) $ (49)

INSURANCE LIABILITIES (Tables)

INSURANCE LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2017
LIABILITY FOR UNPAID CLAIMS AND CLAIMS ADJUSTMENT EXPENSE, FUTURE POLICY BENEFITS FOR LIFE AND ACCIDENT AND HEALTH INSURANCE CONTRACTS, AND POLICYHOLDER CONTRACT DEPOSITS
Schedule of reconciliation of activity in the liability for unpaid claims and claims adjustment expense	The following table presents the roll forward of activity in Loss Reserves: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2017 2016 2017 2016 Liability for unpaid loss and loss adjustment expenses, beginning of period $ 76,422 $ 74,143 $ 77,077 $ 74,942 Reinsurance recoverable (27,660) (14,520) (15,532) (14,339) Net Liability for unpaid loss and loss adjustment expenses, beginning of period 48,762 59,623 61,545 60,603 Foreign exchange effect 330 (147) 688 53 Dispositions (a) - - - - Retroactive reinsurance adjustment (net of discount) (b) 22 - (11,438) - Total 49,114 59,476 50,795 60,656 Losses and loss adjustment expenses incurred : Current year 7,511 4,960 16,021 14,896 Prior years, excluding discount and amortization of deferred gain 901 274 1,354 214 Prior years, discount charge (benefit) 48 32 283 323 Prior years, amortization of deferred gain on retroactive reinsurance (c) (75) - (195) - Total losses and loss adjustment expenses incurred 8,385 5,266 17,463 15,433 Losses and loss adjustment expenses paid : Current year (1,634) (1,948) (3,342) (3,945) Prior years (3,395) (3,779) (12,438) (13,129) Total losses and loss adjustment expenses paid (5,029) (5,727) (15,780) (17,074) Reclassified to liabilities held for sale (d) 8 (1,060) - (1,060) Liability for unpaid loss and loss adjustment expenses, end of period: Net liability for unpaid losses and loss adjustment expenses 52,478 57,955 52,478 57,955 Reinsurance recoverable 27,609 14,501 27,609 14,501 Total $ 80,087 $ 72,456 $ 80,087 $ 72,456 (a) Includes amounts related to dispositions through the date of disposition. Includes sale of U nited G uaranty and Ascot Underwriting Holdings Limited , Ascot Corporate Name Limited and Ascot Employees Corporate Member Limited (Ascot) . (b) Includes discount on retroactive reinsurance in the amount of $53 million and $1.5 billion for the three - and nine-month periods ended September 3 0 , 2017, respectively . (c) Includes $6 million and $11 million for the 2011 retroactive reinsurance agreemen t with NICO covering U.S. asbestos exposures for the three - and nine-month periods ended September 3 0 , 2017, respectively . (d ) Represents change in loss reserves included in our pending sale of certain of our insurance operations to Fairfax for the three - and nine-month periods ended September 3 0 , 2017. Upon consummation of the sale, we may retain a portion of these reserves through reinsurance arrangements.
Schedule of loss reserve discount and loss reserve discount benefit (charge)	The following table presents the components of the loss reserve discount discussed above: September 30, 2017 December 31, 2016 Legacy Portfolio Legacy Portfolio U.S. Liability - Property and U.S. Liability - Property and and Casualty run-off and Casualty run-off (in millions) Financial Lines Insurance Lines Total Financial Lines Insurance Lines Total U.S. workers' compensation $ 2,376 $ 911 $ 3,287 $ 2,583 $ 987 $ 3,570 Retroactive reinsurance (1,494) - (1,494) - - - Total reserve discount * $ 882 $ 911 $ 1,793 $ 2,583 $ 987 $ 3,570 * Excludes $ 167 million and $181 million of discount related to certain long tail liabilities in the United Kingdom at September 30, 2017 and December 31, 2016, respectively. The following table s present increase (decrease) in the net loss reserve discount : Three Months Ended September 30, 2017 2016 Legacy Portfolio Legacy Portfolio U.S. Liability - Property and U.S. Liability - Property and and Casualty run-off and Casualty run-off (in millions) Financial Lines Insurance Lines Total Financial Lines Insurance Lines Total Current accident year $ 33 $ - $ 33 $ 37 $ - $ 37 Accretion and other adjustments to prior year discount (100) 25 (75) (43) (12) (55) Effect of interest rate changes (7) 1 (6) (11) (3) (14) Net reserve discount benefit (charge) (74) 26 (48) (17) (15) (32) Change in discount on loss reserves ceded under retroactive reinsurance (a) 53 - 53 - - - Net change in total reserve discount (b) $ (21) $ 26 $ 5 $ (17) $ (15) $ (32) Comprised of: U.S. Workers' compensation $ (21) $ 26 $ 5 $ (17) $ (15) $ (32) Asbestos $ - $ - $ - $ - $ - $ - Nine Months Ended September 30, 2017 2016 Legacy Portfolio Legacy Portfolio U.S. Liability - Property and U.S. Liability - Property and and Casualty run-off and Casualty run-off (in millions) Financial Lines Insurance Lines Total Financial Lines Insurance Lines Total Current accident year $ 94 $ - $ 94 $ 118 $ - $ 118 Accretion and other adjustments to prior year discount (205) (34) (239) (104) (42) (146) Effect of interest rate changes (96) (42) (138) (196) (99) (295) Net reserve discount benefit (charge) (207) (76) (283) (182) (141) (323) Change in discount on loss reserves ceded under retroactive reinsurance (1,494) - (1,494) - - - Net change in total reserve discount (c) $ (1,701) $ (76) $ (1,777) $ (182) $ (141) $ (323) Comprised of: U.S. Workers' compensation $ (1,701) $ (76) $ (1,777) $ (182) $ (139) $ (321) Asbestos $ - $ - $ - $ - $ (2) $ (2) (a) Included in the deferred gain from retroactive reinsurance reported in other liabilities. ( b ) Excludes $(18 ) million and $4 million of discount related to certain long tail liabilities in the United Kingdom for the three-month period ended September 30, 2017 and 2016, respectively. ( c ) Excludes $20 million and $(16) million of discount related to certain long tail liabilities in the United Kingdom for the nine-month period ended September 30, 2017 and 2016, re spectively.

EQUITY (Tables)

EQUITY (Tables)	9 Months Ended
	Sep. 30, 2017
EQUITY
Rollforward of common stock outstanding	Nine Months Ended September 30, 2017 Common Treasury Common Stock Stock Issued Stock Outstanding Shares, beginning of year 1,906,671,492 (911,335,651) 995,335,841 Shares issued - 3,221,892 3,221,892 Shares repurchased - (99,677,646) (99,677,646) Shares, end of period 1,906,671,492 (1,007,791,405) 898,880,087
Dividends Paid	The f ollowing table presents record date, payment date and dividends paid per share on AIG Common Stock: Dividends Paid Record Date Payment Date Per Share September 15, 2017 September 29, 2017 $ 0.32 June 14, 2017 June 28, 2017 0.32 March 15, 2017 March 29, 2017 0.32 September 15, 2016 September 29, 2016 0.32 June 13, 2016 June 27, 2016 0.32 March 14, 2016 March 28, 2016 0.32
Repurchases Of Common Stock and Warrant	The following table presents repurchases of AIG Common Stock and warrants to purchase shares of AIG Common Stock: Nine Months Ended September 30, (in millions) 2017 2016 Aggregate repurchases of common stock $ 6,275 $ 8,506 Total number of common shares repurchased 100 153 Aggregate repurchases of warrants $ 3 $ 263 Total number of warrants repurchased * - 15 * For the nine-month period ended September 30, 2017, we repurchased 185,000 warrants to purchase shares of AIG Common Stock .
Accumulated Other Comprehensive Income (Loss)	Unrealized Appreciation (Depreciation) of Fixed Unrealized Maturity Securities on Appreciation Foreign Retirement Which Other-Than- (Depreciation) Currency Plan Temporary Credit of All Other Translation Liabilities (in millions) Impairments Were Taken Investments Adjustments Adjustment Total Balance, December 31, 2016, net of tax $ 426 $ 6,405 $ (2,629) $ (972) $ 3,230 Change in unrealized appreciation of investments 564 3,693 - - 4,257 Change in deferred policy acquisition costs adjustment and other * (56) (1,269) - - (1,325) Change in future policy benefits - (425) - - (425) Change in foreign currency translation adjustments - - 474 - 474 Change in net actuarial loss - - - 134 134 Change in prior service cost - - - 6 6 Change in deferred tax liability (178) (159) (27) (48) (412) Total other comprehensive income 330 1,840 447 92 2,709 Noncontrolling interests - - - - - Balance, September 30, 2017, net of tax $ 756 $ 8,245 $ (2,182) $ (880) $ 5,939 Balance, December 31, 2015, net of tax $ 696 $ 5,566 $ (2,879) $ (846) $ 2,537 Change in unrealized appreciation (depreciation) of investments (318) 10,873 - - 10,555 Change in deferred policy acquisition costs adjustment and other (40) (887) - - (927) Change in future policy benefits - (2,099) - - (2,099) Change in foreign currency translation adjustments - - 179 - 179 Change in net actuarial loss - - - 13 13 Change in prior service credit - - - (20) (20) Change in deferred tax asset (liability) 248 (1,585) 153 3 (1,181) Total other comprehensive income (loss) (110) 6,302 332 (4) 6,520 Noncontrolling interests - - - - - Balance, September 30, 2016, net of tax $ 586 $ 11,868 $ (2,547) $ (850) $ 9,057 * In cludes net unrealized gains attributable to businesses held for sale.
Other comprehensive income (loss) reclassification adjustments	Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Unrealized Which Other-Than- Appreciation Foreign Retirement Temporary Credit (Depreciation) Currency Plan Impairments Were of All Other Translation Liabilities (in millions) Taken Investments Adjustment Adjustment Total Three Months Ended September 30, 2017 Unrealized change arising during period $ 160 $ 831 $ 328 $ 38 $ 1,357 Less: Reclassification adjustments included in net income 10 133 - (58) 85 Total other comprehensive income, before income tax expense 150 698 328 96 1,272 Less: Income tax expense 53 206 3 33 295 Total other comprehensive income, net of income tax expense $ 97 $ 492 $ 325 $ 63 $ 977 Three Months Ended September 30, 2016 Unrealized change arising during period $ 147 $ 816 $ 21 $ (8) $ 976 Less: Reclassification adjustments included in net income 6 163 - (3) 166 Total other comprehensive income, before income tax expense (benefit) 141 653 21 (5) 810 Less: Income tax expense (benefit) (76) 187 (90) (9) 12 Total other comprehensive income, net of income tax expense (benefit) $ 217 $ 466 $ 111 $ 4 $ 798 Nine Months Ended September 30, 2017 Unrealized change arising during period $ 553 $ 2,610 $ 474 $ 62 $ 3,699 Less: Reclassification adjustments included in net income 45 611 - (78) 578 Total other comprehensive income, before income tax expense 508 1,999 474 140 3,121 Less: Income tax expense 178 159 27 48 412 Total other comprehensive income, net of income tax expense $ 330 $ 1,840 $ 447 $ 92 $ 2,709 Nine Months Ended September 30, 2016 Unrealized change arising during period $ (252) $ 8,733 $ 179 $ (18) $ 8,642 Less: Reclassification adjustments included in net income 106 846 - (11) 941 Total other comprehensive income (loss), before income tax expense (benefit) (358) 7,887 179 (7) 7,701 Less: Income tax expense (benefit) (248) 1,585 (153) (3) 1,181 Total other comprehensive income (loss), net of income tax expense (benefit) $ (110) $ 6,302 $ 332 $ (4) $ 6,520
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 Condensed Consolidated Statements of Income Three Months Ended September 30, (in millions) 2017 2016 Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken Investments $ 10 $ 6 Other realized capital gains Total 10 6 Unrealized appreciation (depreciation) of all other investments Investments 48 182 Other realized capital gains Deferred acquisition costs adjustment 85 (19) Amortization of deferred policy acquisition costs Future policy benefits - - Policyholder benefits and losses incurred Total 133 163 Change in retirement plan liabilities adjustment Prior - service credit - 4 * Actuarial losses (58) (7) * Total (58) (3) Total reclassifications for the period $ 85 $ 166 Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Condensed Consolidated Statements of Income Nine Months Ended September 30, (in millions) 2017 2016 Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken Investments $ 45 $ 106 Other realized capital gains Total 45 106 Unrealized appreciation (depreciation) of all other investments Investments 415 843 Other realized capital gains Deferred acquisition costs adjustment 196 3 Amortization of deferred policy acquisition costs Future policy benefits - - Policyholder benefits and losses incurred Total 611 846 Change in retirement plan liabilities adjustment Prior - service credit 1 13 * Actuarial losses (79) (24) * Total (78) (11) - Total reclassifications for the period $ 578 $ 941 - * 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 .

EARNINGS PER SHARE (EPS) (Table

EARNINGS PER SHARE (EPS) (Tables)	9 Months Ended
	Sep. 30, 2017
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) 2017 2016 2017 2016 Numerator for EPS: Income (loss) from continuing operations $ (1,712) $ 433 $ 609 $ 2,211 Less: Net income (loss) from continuing operations attributable to noncontrolling interests 26 (26) 40 (35) Income (loss) attributable to AIG common shareholders from continuing operations (1,738) 459 569 2,246 Income (loss) from discontinued operations, net of income tax expense (1) 3 7 (54) Net income (loss) attributable to AIG common shareholders $ (1,739) $ 462 $ 576 $ 2,192 Denominator for EPS: Weighted average shares outstanding - basic 908,667,044 1,071,295,892 938,130,832 1,113,650,878 Dilutive shares - 31,104,878 23,165,114 29,049,329 Weighted average shares outstanding - diluted (a) (b) 908,667,044 1,102,400,770 961,295,946 1,142,700,207 Income per common share attributable to AIG: Basic: Income (loss) from continuing operations $ (1.91) $ 0.43 $ 0.60 $ 2.02 Income (loss) from discontinued operations $ - $ - $ 0.01 $ (0.05) Income (loss) attributable to AIG $ (1.91) $ 0.43 $ 0.61 $ 1.97 Diluted: Income (loss) from continuing operations $ (1.91) $ 0.42 $ 0.59 $ 1.97 Income (loss) from discontinued operations $ - $ - $ 0.01 $ (0.05) Income (loss) attributable to AIG $ (1.91) $ 0.42 $ 0.60 $ 1.92 Shares in the diluted EPS calculation represent basic shares for the three-month period ended September 30, 2017 due to the net loss in that period. The shares excluded from the calculation were 22,459,868 shares. Dilutive shares include our share -based employee compensation plans and a weighted average portion of the warrants issued to AIG shareholders as part of AIG’s recapitalization in January 2011. The number of shares excluded from diluted shares outstanding was 2.4 million and 2.0 mi llion for the three - and nine - month periods ended September 30, 2017 , respectively, and 0.1 million and 0.2 mi llion for the three - and nine - month periods end ed September 30, 2016 , respectively, because the effect of including those shares in the calculation would have be en anti-dilutive.

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	9 Months Ended
	Sep. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
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, 2017 Components of net periodic benefit cost: Service cost $ (5) $ 7 $ 2 $ - $ 1 $ 1 Interest cost 41 4 45 2 1 3 Expected return on assets (66) (6) (72) - - - Amortization of prior service credit - - - - - - Amortization of net (gain) loss 6 3 9 - - - Curtailment gain - (5) (5) - - - Settlement (Credit)/Charges 50 - 50 - - - Net periodic benefit cost (credit) $ 26 $ 3 $ 29 $ 2 $ 2 $ 4 Three Months Ended September 30, 2016 Components of net periodic benefit cost: Service cost $ 6 $ 8 $ 14 $ 1 $ - $ 1 Interest cost 45 5 50 2 - 2 Expected return on assets (72) (7) (79) - - - Amortization of prior service credit - - - (2) - (2) Amortization of net loss 7 2 9 (1) 1 - Curtailment gain - (2) (2) - - - Settlement (Credit)/Charges - - - - - - Net periodic benefit cost (credit) $ (14) $ 6 $ (8) $ - $ 1 $ 1 Nine Months Ended September 30, 2017 Components of net periodic benefit cost: Service cost $ 8 $ 23 $ 31 $ 1 $ 2 $ 3 Interest cost 126 12 138 5 3 8 Expected return on assets (194) (18) (212) - - - Amortization of prior service credit - - - (1) - (1) Amortization of net (gain) loss 20 9 29 - - - Curtailment gain - (5) (5) - - - Settlement (Credit)/Charges 50 - 50 - - - Net periodic benefit cost (credit) $ 10 $ 21 $ 31 $ 5 $ 5 $ 10 Nine Months Ended September 30, 2016 Components of net periodic benefit cost: Service cost $ 15 $ 23 $ 38 $ 2 $ 2 $ 4 Interest cost 136 15 151 5 2 7 Expected return on assets (219) (20) (239) - - - Amortization of prior service credit - - - (7) - (7) Amortization of net loss 19 6 25 (1) 1 - Curtailment gain - (5) (5) - - - Settlement (Credit)/Charges - - - - - - Net periodic benefit cost (credit) $ (49) $ 19 $ (30) $ (1) $ 5 $ 4

INFORMATION PROVIDED IN CONNE40

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Tables)	9 Months Ended
	Sep. 30, 2017
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 September 30, 2017 Assets: Short-term investments $ 2,675 $ - $ 10,659 $ (3,559) $ 9,775 Other investments (a) 5,796 - 305,552 - 311,348 Total investments 8,471 - 316,211 (3,559) 321,123 Cash 3 2 2,428 - 2,433 Loans to subsidiaries (b) 35,014 - 574 (35,588) - Investment in consolidated subsidiaries (b) 43,014 31,323 - (74,337) - Other assets, including deferred income taxes 21,483 251 160,018 (2,235) 179,517 Assets held for sale - - - - - Total assets $ 107,985 $ 31,576 $ 479,231 $ (115,719) $ 503,073 Liabilities: Insurance liabilities $ - $ - $ 282,469 $ - $ 282,469 Long-term debt 21,480 642 8,917 - 31,039 Other liabilities, including intercompany balances (a) 13,463 184 108,873 (5,967) 116,553 Loans from subsidiaries (b) 574 - 35,014 (35,588) - Liabilities held for sale - - - - - Total liabilities 35,517 826 435,273 (41,555) 430,061 Total AIG shareholders’ equity 72,468 30,750 43,414 (74,164) 72,468 Non-redeemable noncontrolling interests - - 544 - 544 Total equity 72,468 30,750 43,958 (74,164) 73,012 Total liabilities and equity $ 107,985 $ 31,576 $ 479,231 $ (115,719) $ 503,073 December 31, 2016 Assets: Short-term investments $ 4,424 $ - $ 13,218 $ (5,340) $ 12,302 Other investments (a) 7,154 - 308,719 - 315,873 Total investments 11,578 - 321,937 (5,340) 328,175 Cash 2 34 1,832 - 1,868 Loans to subsidiaries (b) 34,692 - 576 (35,268) - Investment in consolidated subsidiaries (b) 42,582 27,309 - (69,891) - Other assets, including deferred income taxes 24,099 239 140,743 (4,059) 161,022 Assets held for sale - - 7,199 - 7,199 Total assets $ 112,953 $ 27,582 $ 472,287 $ (114,558) $ 498,264 Liabilities: Insurance liabilities $ - $ - $ 275,120 $ - $ 275,120 Long-term debt 21,405 642 8,865 - 30,912 Other liabilities, including intercompany balances (a) 14,671 194 103,975 (9,572) 109,268 Loans from subsidiaries (b) 577 - 34,691 (35,268) - Liabilities held for sale - - 6,106 - 6,106 Total liabilities 36,653 836 428,757 (44,840) 421,406 Total AIG shareholders’ equity 76,300 26,746 42,972 (69,718) 76,300 Non-redeemable noncontrolling interests - - 558 - 558 Total equity 76,300 26,746 43,530 (69,718) 76,858 Total liabilities and equity $ 112,953 $ 27,582 $ 472,287 $ (114,558) $ 498,264 (a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment . (b) Eliminated in consolidation.
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, 2017 Revenues: Equity in earnings of consolidated subsidiaries * $ (2,098) $ 1,138 $ - $ 960 $ - Other income 225 - 11,455 71 11,751 Total revenues (1,873) 1,138 11,455 1,031 11,751 Expenses: Interest expense 236 12 44 (2) 290 (Gain) loss on extinguishment of debt 2 - (1) - 1 Other expenses 177 1 14,154 (69) 14,263 Total expenses 415 13 14,197 (71) 14,554 Income (loss) from continuing operations before income tax benefit (2,288) 1,125 (2,742) 1,102 (2,803) Income tax benefit (549) (4) (538) - (1,091) Income (loss) from continuing operations (1,739) 1,129 (2,204) 1,102 (1,712) Loss from discontinued operations, net of income taxes - - (1) - (1) Net income (loss) (1,739) 1,129 (2,205) 1,102 (1,713) Less: Net income from continuing operations attributable to noncontrolling interests - - 26 - 26 Net income (loss) attributable to AIG $ (1,739) $ 1,129 $ (2,231) $ 1,102 $ (1,739) Three Months Ended September 30, 2016 Revenues: Equity in earnings of consolidated subsidiaries * $ 1,002 $ 528 $ - $ (1,530) $ - Other income 145 - 12,952 (243) 12,854 Total revenues 1,147 528 12,952 (1,773) 12,854 Expenses: Interest expense 249 12 69 (1) 329 Gain on extinguishment of debt - - (14) - (14) Other expenses 238 1 11,821 (258) 11,802 Total expenses 487 13 11,876 (259) 12,117 Income (loss) from continuing operations before income tax expense (benefit) 660 515 1,076 (1,514) 737 Income tax expense (benefit) 197 (4) 111 - 304 Income (loss) from continuing operations 463 519 965 (1,514) 433 Income (loss) from discontinued operations, net of income taxes (1) - 4 - 3 Net income (loss) 462 519 969 (1,514) 436 Less: Net loss from continuing operations attributable to noncontrolling interests - - (26) - (26) Net income (loss) attributable to AIG $ 462 $ 519 $ 995 $ (1,514) $ 462 American International Reclassifications Group, Inc. Other and Consolidated (in millions) (As Guarantor) AIGLH Subsidiaries Eliminations AIG Nine Months Ended September 30, 2017 Revenues: Equity in earnings of consolidated subsidiaries * $ 794 $ 2,553 $ - $ (3,347) $ - Other income 653 - 36,085 147 36,885 Total revenues 1,447 2,553 36,085 (3,200) 36,885 Expenses: Interest expense 719 37 129 (5) 880 (Gain) loss on extinguishment of debt 2 - (6) - (4) Other expenses 693 2 34,865 (142) 35,418 Total expenses 1,414 39 34,988 (147) 36,294 Income (loss) from continuing operations before income tax expense (benefit) 33 2,514 1,097 (3,053) 591 Income tax expense (benefit) (544) (12) 538 - (18) Income (loss) from continuing operations 577 2,526 559 (3,053) 609 Income (loss) from discontinued operations, net of income taxes (1) - 8 - 7 Net income (loss) 576 2,526 567 (3,053) 616 Less: Net income from continuing operations attributable to noncontrolling interests - - 40 - 40 Net income (loss) attributable to AIG $ 576 $ 2,526 $ 527 $ (3,053) $ 576 Nine Months Ended September 30, 2016 Revenues: Equity in earnings of consolidated subsidiaries * $ 2,226 $ (267) $ - $ (1,959) $ - Other income 209 5 39,833 (690) 39,357 Total revenues 2,435 (262) 39,833 (2,649) 39,357 Expenses: Interest expense 743 39 177 (4) 955 (Gain) loss on extinguishment of debt 77 - (1) - 76 Other expenses 686 15 34,946 (702) 34,945 Total expenses 1,506 54 35,122 (706) 35,976 Income (loss) from continuing operations before income tax expense (benefit) 929 (316) 4,711 (1,943) 3,381 Income tax expense (benefit) (1,265) (17) 2,452 - 1,170 Income (loss) from continuing operations 2,194 (299) 2,259 (1,943) 2,211 Loss from discontinued operations, net of income taxes (2) - (52) - (54) Net income (loss) 2,192 (299) 2,207 (1,943) 2,157 Less: Net loss from continuing operations attributable to noncontrolling interests - - (35) - (35) Net income (loss) attributable to AIG $ 2,192 $ (299) $ 2,242 $ (1,943) $ 2,192 * 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, 2017 Net income (loss) $ (1,739) $ 1,129 $ (2,205) $ 1,102 $ (1,713) Other comprehensive income (loss) 977 1,274 (30,625) 29,351 977 Comprehensive income (loss) (762) 2,403 (32,830) 30,453 (736) Total comprehensive income attributable to noncontrolling interests - - 26 - 26 Comprehensive income (loss) attributable to AIG $ (762) $ 2,403 $ (32,856) $ 30,453 $ (762) Three Months Ended September 30, 2016 Net income (loss) $ 462 $ 519 $ 969 $ (1,514) $ 436 Other comprehensive income (loss) 798 (56) 7 49 798 Comprehensive income (loss) 1,260 463 976 (1,465) 1,234 Total comprehensive loss attributable to noncontrolling interests - - (26) - (26) Comprehensive income (loss) attributable to AIG $ 1,260 $ 463 $ 1,002 $ (1,465) $ 1,260 Nine Months Ended September 30, 2017 Net income (loss) $ 576 $ 2,526 $ 567 $ (3,053) $ 616 Other comprehensive income (loss) 2,709 7,056 18,864 (25,920) 2,709 Comprehensive income (loss) 3,285 9,582 19,431 (28,973) 3,325 Total comprehensive income attributable to noncontrolling interests - - 40 - 40 Comprehensive income (loss) attributable to AIG $ 3,285 $ 9,582 $ 19,391 $ (28,973) $ 3,285 Nine Months Ended September 30, 2016 Net income (loss) $ 2,192 $ (299) $ 2,207 $ (1,943) $ 2,157 Other comprehensive income (loss) 6,520 7,204 48,555 (55,759) 6,520 Comprehensive income (loss) 8,712 6,905 50,762 (57,702) 8,677 Total comprehensive loss attributable to noncontrolling interests - - (35) - (35) Comprehensive income (loss) attributable to AIG $ 8,712 $ 6,905 $ 50,797 $ (57,702) $ 8,712
Condensed Consolidating Statements of Cash Flows	American International Reclassifications Group, Inc. Other and Consolidated (in millions) (As Guarantor) AIGLH Subsidiaries * Eliminations * AIG Nine Months Ended September 30, 2017 Net cash (used in) provided by operating activities $ 793 $ 1,105 $ (8,773) $ (2,320) $ (9,195) Cash flows from investing activities: Sales of investments 5,428 - 58,914 (3,508) 60,834 Sales of divested businesses, net 40 - 565 - 605 Purchase of investments (1,781) - (49,675) 3,508 (47,948) Loans to subsidiaries - net 38 - 5 (43) - Contributions from (to) subsidiaries - net 990 - - (990) - Net change in restricted cash - - (23) - (23) Net change in short-term investments 1,925 - 890 - 2,815 Other, net (17) (4) (1,488) - (1,509) Net cash (used in) provided by investing activities 6,623 (4) 9,188 (1,033) 14,774 Cash flows from financing activities: Issuance of long-term debt 1,108 - 1,297 - 2,405 Repayments of long-term debt (1,354) - (1,397) - (2,751) Purchase of common stock (6,275) - - - (6,275) Intercompany loans - net (5) - (38) 43 - Cash dividends paid (884) (1,133) (1,187) 2,320 (884) Other, net (5) - 1,394 990 2,379 Net cash (used in) provided by financing activities (7,415) (1,133) 69 3,353 (5,126) Effect of exchange rate changes on cash - - (21) - (21) Change in cash 1 (32) 463 - 432 Cash at beginning of year 2 34 1,832 - 1,868 Change in cash of businesses held for sale - - 133 - 133 Cash at end of period $ 3 $ 2 $ 2,428 $ - $ 2,433 Nine Months Ended September 30, 2016 Net cash (used in) provided by operating activities $ 1,671 $ 1,664 $ 2,277 $ (3,859) $ 1,753 Cash flows from investing activities: Sales of investments 3,242 - 59,669 (9,567) 53,344 Purchase of investments (659) - (62,293) 9,567 (53,385) Loans to subsidiaries - net 1,025 - 73 (1,098) - Contributions from (to) subsidiaries - net 1,593 - - (1,593) - Net change in restricted cash - - (49) - (49) Net change in short-term investments 1,006 - (1,861) - (855) Other, net (179) - 1,449 - 1,270 Net cash (used in) provided by investing activities 6,028 - (3,012) (2,691) 325 Cash flows from financing activities: Issuance of long-term debt 3,831 - 7,599 - 11,430 Repayments of long-term debt (1,454) (62) (6,167) - (7,683) Purchase of common stock (8,506) - - - (8,506) Intercompany loans - net (73) (3) (1,022) 1,098 - Cash dividends paid (1,051) (1,709) (2,150) 3,859 (1,051) Other, net (263) - 3,183 1,593 4,513 Net cash (used in) provided by financing activities (7,516) (1,774) 1,443 6,550 (1,297) Effect of exchange rate changes on cash - - 88 - 88 Change in cash 183 (110) 796 - 869 Cash at beginning of year 34 116 1,479 - 1,629 Cash at end of period $ 217 $ 6 $ 2,275 $ - $ 2,498
Supplementary Disclosure of Condensed Consolidating Cash Flow Information	American International Reclassifications Group, Inc. Other and Consolidated (in millions) (As Guarantor) AIGLH Subsidiaries * Eliminations * AIG Cash (paid) received during the 2017 period for: Interest: Third party $ (791) $ (47) $ (208) $ - $ (1,046) Intercompany (1) (1) 2 - - Taxes: Income tax authorities $ (324) $ - $ (166) $ - $ (490) Intercompany 1,852 - (1,852) - - Cash (paid) received during the 2016 period for: Interest: Third party $ (797) $ (51) $ (161) $ - $ (1,009) Intercompany - - - - - Taxes: Income tax authorities $ (11) $ - $ (197) $ - $ (208) Intercompany 782 - (782) - -
Supplementary disclosure of non-cash activities	Nine Months Ended September 30, (in millions) 2017 2016 Intercompany non-cash financing and investing activities: Capital contributions $ 198 $ 3,086 Dividends received in the form of securities 735 4,055 Return of capital 26 - Fixed maturity securities received in exchange for equity securities - 440

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	Sep. 30, 2017item$ / shares	Dec. 31, 2016$ / shares
Basis of Presentation [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 2.5	$ 2.5
Minimum
Basis of Presentation [Line Items]
Number of Countries in which the entity operates | item	80

SEGMENT INFORMATION (Details -

SEGMENT INFORMATION (Details - Continuing operations by reportable segment) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment results
Total Revenues	$ 11,751	$ 12,854	$ 36,885	$ 39,357
Pre-tax operating income (loss)	(2,803)	737	591	3,381
Consolidation and Eliminations
Segment results
Total Revenues	(119)	(144)	(237)	(406)
Pre-tax operating income (loss)	(1)	(6)	75	0
Total AIG Consolidated revenues and pre-tax operating income (loss)
Segment results
Total Revenues	12,658	13,596	37,889	39,902
Pre-tax operating income (loss)	(1,856)	1,644	2,318	4,509
Commercial Insurance
Segment results
Total Revenues	4,592	5,416	13,808	16,258
Pre-tax operating income (loss)	(2,862)	685	(1,297)	2,288
Commercial Insurance | Reportable Segments | Liability And Financial Lines [Member]
Segment results
Total Revenues	2,848	3,379	8,443	10,118
Pre-tax operating income (loss)	(257)	948	903	2,332
Commercial Insurance | Reportable Segments | Property And Special Risks [Member]
Segment results
Total Revenues	1,744	2,037	5,365	6,140
Pre-tax operating income (loss)	(2,605)	(263)	(2,200)	(44)
Consumer Insurance
Segment results
Total Revenues	5,954	6,009	17,876	18,032
Pre-tax operating income (loss)	1,008	1,228	3,316	2,880
Consumer Insurance | Reportable Segments | Individual Retirement [Member]
Segment results
Total Revenues	1,343	1,380	4,099	4,382
Pre-tax operating income (loss)	718	920	1,815	1,727
Consumer Insurance | Reportable Segments | Group Retirement [Member]
Segment results
Total Revenues	702	717	2,116	2,053
Pre-tax operating income (loss)	249	214	758	670
Consumer Insurance | Reportable Segments | Life Insurance [Member]
Segment results
Total Revenues	1,000	921	3,043	2,862
Pre-tax operating income (loss)	112	(54)	272	(27)
Consumer Insurance | Reportable Segments | Personal Insurance [Member]
Segment results
Total Revenues	2,909	2,991	8,618	8,735
Pre-tax operating income (loss)	(71)	148	471	510
Other Operations
Segment results
Total Revenues	1,218	1,003	3,207	3,015
Pre-tax operating income (loss)	(287)	(164)	(835)	(565)
Legacy Portfolio
Segment results
Total Revenues	1,013	1,312	3,235	3,003
Pre-tax operating income (loss)	$ 286	$ (99)	$ 1,059	$ (94)

SEGMENT INFORMATION (Details 43

SEGMENT INFORMATION (Details - Continuing operations by reportable segment - Pretax operating income to pre-tax income)) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Gain (Loss) on extinguishment of debt	$ (1)	$ 14	$ 4	$ (76)
Income (loss) from divested businesses	(13)	128	(173)	351
Net reserve discount (benefit) charge	(48)	(32)	(283)	(323)
Pre-tax operating income (loss)	(2,803)	737	591	3,381
Reconciling items from pre-tax operating income to pre-tax income | Revenue
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Changes in fair values of securities used to hedge guaranteed living benefits	26	17	117	270
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains	0	0	0	0
(Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements	0	0	0	0
Gain (Loss) on extinguishment of debt	0	0	0	0
Net realized capital gains (losses)	(922)	(765)	(1,106)	(829)
Income (loss) from divested businesses	0	0	0	0
Non-operating litigation reserves and settlements	1	1	17	42
Net reserve discount (benefit) charge	0	0	0	0
Restructuring and other costs	0	0	0	0
Other	(12)	5	(32)	(28)
Reconciling items from pre-tax operating income to pre-tax income | Pre-Tax Operating Income (loss)
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Changes in fair values of securities used to hedge guaranteed living benefits	26	17	117	270
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains	84	(67)	195	(91)
(Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements	7	3	(258)	15
Gain (Loss) on extinguishment of debt	(1)	14	4	(76)
Net realized capital gains (losses)	(922)	(765)	(1,106)	(829)
Income (loss) from divested businesses	(13)	128	(173)	351
Non-operating litigation reserves and settlements	0	5	86	43
Net reserve discount (benefit) charge	(48)	(32)	(283)	(323)
Pension expense related to a one-time lump sum payment to former employees	(49)		(50)
Restructuring and other costs	(31)	(210)	(259)	(488)
Other	$ 0	$ 0	$ 0	$ 0

HELD-FOR-SALE CLASSIFICATION (D

HELD-FOR-SALE CLASSIFICATION (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Held-for-Sale Classification
Net income (loss) on sale of divested businesses	$ (13)		$ 128	$ (173)	$ 351
Assets:
Mortgage and other loans receivable, net	36,089			36,089		$ 33,240
Other invested assets	22,590			22,590		24,538
Short-term investments	9,775			9,775		12,302
Cash	2,433		2,498	2,433	2,498	1,868		$ 1,629
Accrued investment income	2,416			2,416		2,495
Premiums and other receivables, net of allowance	11,156			11,156		10,465
Reinsurance assets, net of allowance	34,429			34,429		21,901
Deferred policy acquisition costs	10,938			10,938		11,042
Other assets	10,324			10,324		10,815
Total assets held for sale	0			0		7,199
Liabilities:
Liability for unpaid losses and loss adjustment expenses	80,087	$ 76,422	$ 72,456	80,087	$ 72,456	77,077	$ 74,143	$ 74,942
Unearned premiums	20,135			20,135		19,634
Future policy benefits for life and accident and health insurance contracts	44,055			44,055		42,204
Other policyholder funds	3,678			3,678		3,989
Long-term Debt	31,039			31,039		30,912
Other Liabilities	27,253			27,253		26,296
Total liabilities held for sale	0			0		6,106
Held for sale [Member]
Assets:
Fixed maturity securities						6,045
Equity Securities						149
Mortgage and other loans receivable, net						137
Other invested assets						2
Short-term investments						130
Cash						133
Accrued investment income						21
Premiums and other receivables, net of allowance						351
Reinsurance assets, net of allowance						8
Deferred policy acquisition costs						471
Other assets						273
Assets of businesses held for sale						7,720
Less: Loss Accrual						(521)
Total assets held for sale						7,199
Liabilities:
Liability for unpaid losses and loss adjustment expenses						402
Unearned premiums						297
Future policy benefits for life and accident and health insurance contracts						4,579
Other policyholder funds						378
Other Liabilities						450
Total liabilities held for sale						6,106
Excluded net intercompany assets						$ 384
Certain insurance operations | Held for sale [Member]
Held-for-Sale Classification
Consideration in cash	$ 168	$ 48		$ 234

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details - Assets and Liabilities Measured at Fair Value on a Recurring Basis) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	$ 237,771		$ 237,771		$ 241,537
Other bond securities	12,653		12,653		13,998
Equity securities available for sale	1,707		1,707		2,078
Other equity securities	538		538		482
Other invested assets	6,503		6,503		6,946
Derivative Assets, Fair Value	3,614		3,614		3,977
Derivative assets, Counterparty netting	(1,390)		(1,390)		(1,265)
Derivative assets, Cash collateral	(1,324)		(1,324)		(903)
Short-term investments, portion measured at fair value	2,603		2,603		3,341
Separate account assets, at fair value	89,300		89,300		82,972
Other assets	900		900		1,809
Fair Value, Liabilities Measured on Recurring Basis
Policyholder contract deposits, portion measured at fair value	3,988		3,988		3,058
Other policyholder funds	3,678		3,678		3,989
Derivative Liabilities, Fair Value	3,897		3,897		4,802
Derivative liabilities, Counterparty netting	(1,390)		(1,390)		(1,265)
Derivative liabilities, Cash collateral	(1,395)		(1,395)		(1,521)
Long-term debt, portion measured at fair value	2,998		2,998		3,428
Other liabilities	1,220		1,220		2,016
U.S. government and government sponsored entities
Fair Value, Liabilities Measured on Recurring Basis
Assets transferred from Level 1 to Level 2	0	$ 18	113	$ 34
Non-U.S. government
Fair Value, Liabilities Measured on Recurring Basis
Assets transferred from Level 1 to Level 2	300	635	352	946
Preferred Stock
Fair Value, Liabilities Measured on Recurring Basis
Assets transferred from Level 1 to Level 2	0		126
Recurring Basis
Fair Value, Liabilities Measured on Recurring Basis
Assets transferred from Level 2 to Level 1	0	$ 0	0	$ 0
Recurring Basis | Level 1
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	57		57		115
Other bond securities	33		33		0
Equity securities available for sale	1,143		1,143		2,068
Other equity securities	538		538		482
Mortgage and other loans receivable	0		0
Other invested assets	0		0		0
Derivative Assets, Fair Value	193		193		188
Short-term investments, portion measured at fair value	2,247		2,247		2,660
Separate account assets, at fair value	84,239		84,239		77,318
Other assets	0		0
Fair value assets measured on recurring basis, total	88,450		88,450		82,831
Fair Value, Liabilities Measured on Recurring Basis
Policyholder contract deposits, portion measured at fair value	0		0		0
Other policyholder funds	0		0		5
Derivative Liabilities, Fair Value	56		56		12
Long-term debt, portion measured at fair value	0		0		0
Other liabilities	75		75		0
Fair value liabilities measured on recurring basis, total	131		131		17
Recurring Basis | Level 1 | Interest rate contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	2		2		0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	0		0		0
Recurring Basis | Level 1 | Foreign exchange contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	0		0		0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	0		0		0
Recurring Basis | Level 1 | Equity contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	191		191		188
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	56		56		12
Recurring Basis | Level 1 | Commodity contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	0		0		0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	0		0		0
Recurring Basis | Level 1 | Credit contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	0		0		0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	0		0		0
Recurring Basis | Level 1 | Other contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	0		0		0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	0		0		0
Recurring Basis | Level 1 | U.S. government and government sponsored entities
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	1		1		63
Other bond securities	33		33		0
Recurring Basis | Level 1 | Obligations of states, municipalities and political subdivisions
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	0		0		0
Other bond securities	0		0		0
Recurring Basis | Level 1 | Non-U.S. government
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	56		56		52
Other bond securities	0		0		0
Recurring Basis | Level 1 | Corporate debt
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	0		0		0
Other bond securities	0		0		0
Recurring Basis | Level 1 | Residential mortgage-backed securities (RMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	0		0		0
Other bond securities	0		0		0
Recurring Basis | Level 1 | Commercial mortgage-backed securities (CMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	0		0		0
Other bond securities	0		0		0
Recurring Basis | Level 1 | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	0		0		0
Other bond securities	0		0		0
Recurring Basis | Level 1 | Common Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	1,051		1,051		1,056
Recurring Basis | Level 1 | Preferred Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	18		18		752
Recurring Basis | Level 1 | Mutual Funds
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	74		74		260
Recurring Basis | Level 2
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	208,629		208,629		211,451
Other bond securities	6,260		6,260		6,518
Equity securities available for sale	559		559		10
Other equity securities	0		0		0
Mortgage and other loans receivable	0		0
Other invested assets	1		1		1
Derivative Assets, Fair Value	3,330		3,330		3,713
Short-term investments, portion measured at fair value	356		356		681
Separate account assets, at fair value	5,061		5,061		5,654
Other assets	0		0		0
Fair value assets measured on recurring basis, total	224,196		224,196		228,028
Fair Value, Liabilities Measured on Recurring Basis
Policyholder contract deposits, portion measured at fair value	14		14		25
Other policyholder funds	0		0		0
Derivative Liabilities, Fair Value	3,533		3,533		4,405
Long-term debt, portion measured at fair value	2,995		2,995		3,357
Other liabilities	33		33		0
Fair value liabilities measured on recurring basis, total	6,575		6,575		7,787
Recurring Basis | Level 2 | Interest rate contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	2,252		2,252		2,328
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	2,228		2,228		3,039
Recurring Basis | Level 2 | Foreign exchange contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	867		867		1,320
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	1,298		1,298		1,358
Recurring Basis | Level 2 | Equity contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	209		209		59
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	3		3		7
Recurring Basis | Level 2 | Commodity contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	0		0		0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	0		0		0
Recurring Basis | Level 2 | Credit contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	0		0		0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	4		4		0
Recurring Basis | Level 2 | Other contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	2		2		6
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	0		0		1
Recurring Basis | Level 2 | U.S. government and government sponsored entities
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	2,383		2,383		1,929
Other bond securities	2,796		2,796		2,939
Recurring Basis | Level 2 | Obligations of states, municipalities and political subdivisions
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	16,460		16,460		22,732
Other bond securities	0		0		0
Recurring Basis | Level 2 | Non-U.S. government
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	15,526		15,526		14,466
Other bond securities	55		55		51
Recurring Basis | Level 2 | Corporate debt
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	132,475		132,475		131,047
Other bond securities	1,844		1,844		1,755
Recurring Basis | Level 2 | Residential mortgage-backed securities (RMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	21,095		21,095		20,468
Other bond securities	426		426		420
Recurring Basis | Level 2 | Commercial mortgage-backed securities (CMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	12,853		12,853		12,231
Other bond securities	491		491		448
Recurring Basis | Level 2 | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	7,837		7,837		8,578
Other bond securities	648		648		905
Recurring Basis | Level 2 | Common Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	0		0		9
Recurring Basis | Level 2 | Preferred Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	559		559		0
Recurring Basis | Level 2 | Mutual Funds
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	0		0		1
Recurring Basis | Level 3
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	29,085		29,085		29,971
Other bond securities	6,360		6,360		7,480
Equity securities available for sale	5		5		0
Other equity securities	0		0		0
Mortgage and other loans receivable	5		5		11
Other invested assets	259		259		204
Derivative Assets, Fair Value	91		91		76
Short-term investments, portion measured at fair value	0		0		0
Separate account assets, at fair value	0		0
Other assets	0		0
Fair value assets measured on recurring basis, total	35,805		35,805		37,742
Fair Value, Liabilities Measured on Recurring Basis
Policyholder contract deposits, portion measured at fair value	3,974		3,974		3,033
Other policyholder funds	0		0		0
Derivative Liabilities, Fair Value	308		308		385
Long-term debt, portion measured at fair value	3		3		71
Other liabilities	0		0		0
Fair value liabilities measured on recurring basis, total	4,285		4,285		3,489
Recurring Basis | Level 3 | Interest rate contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	0		0		0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	26		26		38
Recurring Basis | Level 3 | Foreign exchange contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	0		0		0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	3		3		11
Recurring Basis | Level 3 | Equity contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	69		69		58
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	0		0		0
Recurring Basis | Level 3 | Commodity contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	0		0		0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	0		0		0
Recurring Basis | Level 3 | Credit contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	1		1		2
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	274		274		331
Recurring Basis | Level 3 | Other contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	21		21		16
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	5		5		5
Recurring Basis | Level 3 | U.S. government and government sponsored entities
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	0		0		0
Other bond securities	0		0		0
Recurring Basis | Level 3 | Obligations of states, municipalities and political subdivisions
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	2,371		2,371		2,040
Other bond securities	0		0		0
Recurring Basis | Level 3 | Non-U.S. government
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	11		11		17
Other bond securities	0		0		0
Recurring Basis | Level 3 | Corporate debt
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	1,210		1,210		1,133
Other bond securities	18		18		17
Recurring Basis | Level 3 | Residential mortgage-backed securities (RMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	16,414		16,414		16,906
Other bond securities	1,443		1,443		1,605
Recurring Basis | Level 3 | Commercial mortgage-backed securities (CMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	665		665		2,040
Other bond securities	65		65		155
Recurring Basis | Level 3 | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	8,414		8,414		7,835
Other bond securities	4,834		4,834		5,703
Recurring Basis | Level 3 | Common Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	5		5		0
Recurring Basis | Level 3 | Preferred Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	0		0		0
Recurring Basis | Level 3 | Mutual Funds
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	0		0		0
Recurring Basis | Counterparty Netting
Fair Value, Assets Measured on Recurring Basis
Other bond securities	0		0
Equity securities available for sale	0		0
Other equity securities	0		0
Other invested assets	0		0
Derivative assets, Counterparty netting	(1,390)		(1,390)		(1,265)
Separate account assets, at fair value	0		0
Other assets	0		0
Fair value assets measured on recurring basis, total	(1,390)		(1,390)		(1,265)
Fair Value, Liabilities Measured on Recurring Basis
Policyholder contract deposits, portion measured at fair value	0		0
Derivative liabilities, Counterparty netting	(1,390)		(1,390)		(1,265)
Long-term debt, portion measured at fair value	0		0
Other liabilities	0		0
Fair value liabilities measured on recurring basis, total	(1,390)		(1,390)		(1,265)
Recurring Basis | Counterparty Netting | Counterparty netting and cash collateral
Fair Value, Assets Measured on Recurring Basis
Derivative assets, Counterparty netting	(1,390)		(1,390)		(1,265)
Fair Value, Liabilities Measured on Recurring Basis
Derivative liabilities, Counterparty netting	(1,390)		(1,390)		(1,265)
Recurring Basis | Cash Collateral
Fair Value, Assets Measured on Recurring Basis
Other bond securities	0		0
Equity securities available for sale	0		0
Other equity securities	0		0
Other invested assets	0		0
Derivative assets, Cash collateral	(1,324)		(1,324)		(903)
Separate account assets, at fair value	0		0
Other assets	0		0
Fair value assets measured on recurring basis, total	(1,324)		(1,324)		(903)
Fair Value, Liabilities Measured on Recurring Basis
Policyholder contract deposits, portion measured at fair value	0		0
Derivative liabilities, Cash collateral	(1,395)		(1,395)		(1,521)
Long-term debt, portion measured at fair value	0		0
Other liabilities	0		0
Fair value liabilities measured on recurring basis, total	(1,395)		(1,395)		(1,521)
Recurring Basis | Cash Collateral | Counterparty netting and cash collateral
Fair Value, Assets Measured on Recurring Basis
Derivative assets, Cash collateral	(1,324)		(1,324)		(903)
Fair Value, Liabilities Measured on Recurring Basis
Derivative liabilities, Cash collateral	(1,395)		(1,395)		(1,521)
Recurring Basis | Total Fair Value
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	237,771		237,771		241,537
Other bond securities	12,653		12,653		13,998
Equity securities available for sale	1,707		1,707		2,078
Other equity securities	538		538		482
Mortgage and other loans receivable	5		5		11
Other invested assets	260		260		205
Derivative Assets, Fair Value	900		900		1,809
Short-term investments, portion measured at fair value	2,603		2,603		3,341
Separate account assets, at fair value	89,300		89,300		82,972
Other assets					0
Fair value assets measured on recurring basis, total	345,737		345,737		346,433
Fair Value, Liabilities Measured on Recurring Basis
Policyholder contract deposits, portion measured at fair value	3,988		3,988		3,058
Other policyholder funds	0		0		5
Derivative Liabilities, Fair Value	1,112		1,112		2,016
Long-term debt, portion measured at fair value	2,998		2,998		3,428
Other liabilities	108		108		0
Fair value liabilities measured on recurring basis, total	8,206		8,206		8,507
Recurring Basis | Total Fair Value | Interest rate contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	2,254		2,254		2,328
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	2,254		2,254		3,077
Recurring Basis | Total Fair Value | Foreign exchange contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	867		867		1,320
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	1,301		1,301		1,369
Recurring Basis | Total Fair Value | Equity contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	469		469		305
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	59		59		19
Recurring Basis | Total Fair Value | Commodity contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	0		0		0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	0		0		0
Recurring Basis | Total Fair Value | Credit contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	1		1		2
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	278		278		331
Recurring Basis | Total Fair Value | Other contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	23		23		22
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	5		5		6
Recurring Basis | Total Fair Value | Counterparty netting and cash collateral
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	(2,714)		(2,714)		(2,168)
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	(2,785)		(2,785)		(2,786)
Recurring Basis | Total Fair Value | U.S. government and government sponsored entities
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	2,384		2,384		1,992
Other bond securities	2,829		2,829		2,939
Recurring Basis | Total Fair Value | Obligations of states, municipalities and political subdivisions
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	18,831		18,831		24,772
Other bond securities	0		0		0
Recurring Basis | Total Fair Value | Non-U.S. government
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	15,593		15,593		14,535
Other bond securities	55		55		51
Recurring Basis | Total Fair Value | Corporate debt
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	133,685		133,685		132,180
Other bond securities	1,862		1,862		1,772
Recurring Basis | Total Fair Value | Residential mortgage-backed securities (RMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	37,509		37,509		37,374
Other bond securities	1,869		1,869		2,025
Recurring Basis | Total Fair Value | Commercial mortgage-backed securities (CMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	13,518		13,518		14,271
Other bond securities	556		556		603
Recurring Basis | Total Fair Value | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	16,251		16,251		16,413
Other bond securities	5,482		5,482		6,608
Recurring Basis | Total Fair Value | Common Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	1,056		1,056		1,065
Recurring Basis | Total Fair Value | Preferred Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	577		577		752
Recurring Basis | Total Fair Value | Mutual Funds
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	$ 74		$ 74		$ 261

FAIR VALUE MEASUREMENTS (Deta46

FAIR VALUE MEASUREMENTS (Details - Changes in Level 3 Recurring Fair Value Measurements) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	$ 36,037	$ 37,576	$ 37,666	$ 38,020
Net Realized and Unrealized Gains (Losses) Included in Income	442	476	1,473	990
Other Comprehensive Income (Loss)	526	309	1,293	91
Purchases, Sales, Issues and Settlements, Net	(1,534)	(20)	(4,038)	(415)
Gross Transfers in, assets	460	307	682	1,003
Gross Transfers out, assets	(217)	(192)	(1,362)	(1,233)
Reclassified to Assets Held for Sale	0	(88)	0	(88)
Balance End of Period	35,714	38,368	35,714	38,368
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	15	16	215	(411)
Liabilities
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	3,830	4,535	3,413	3,028
Net realized and unrealized gains and losses related to Level 3 items, liabilities	250	9	469	1,457
Accumulated Other Comprehensive Income (loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	114	(11)	315	161
Gross Transfers in, liabilities	0	0	(3)	0
Gross Transfers out, liabilities	0	1	0	(112)
Balance at the End of the Period	4,194	4,534	4,194	4,534
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	45	67	137	95
Policyholder contract deposits
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	3,518	3,990	3,033	2,289
Net realized and unrealized gains and losses related to Level 3 items, liabilities	299	65	594	1,508
Accumulated Other Comprehensive Income (loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	157	(33)	347	225
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	3,974	4,022	3,974	4,022
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	1	1	3	38
Derivative liabilities, net
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	251	478	309	556
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(51)	(59)	(141)	(54)
Accumulated Other Comprehensive Income (loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	17	22	52	(61)
Gross Transfers in, liabilities	0	0	(3)	0
Gross Transfers out, liabilities	0	1	0	1
Balance at the End of the Period	217	442	217	442
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	40	69	134	57
Interest rate contracts
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	30	46	38	50
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(2)	(3)	(3)	4
Accumulated Other Comprehensive Income (loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	(2)	9	(9)	(2)
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	26	52	26	52
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	1	4	3	(5)
Foreign exchange contracts
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	7	9	11	7
Net realized and unrealized gains and losses related to Level 3 items, liabilities	0	1	1	3
Accumulated Other Comprehensive Income (loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	(4)	(1)	(9)	(1)
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	3	9	3	9
Foreign exchange contracts | Trading Revenue
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	0	(1)	(1)	(2)
Equity contracts
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	(63)	(52)	(58)	(54)
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(11)	(5)	(26)	(5)
Accumulated Other Comprehensive Income (loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	5	3	15	5
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	(69)	(54)	(69)	(54)
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	8	5	22	5
Commodity contracts
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	0	0	0	0
Net realized and unrealized gains and losses related to Level 3 items, liabilities	0	0	0	0
Accumulated Other Comprehensive Income (loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	0	0	0	0
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	0	0	0	0
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	0
Credit contracts
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	293	373	329	505
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(19)	(36)	(55)	(70)
Accumulated Other Comprehensive Income (loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	(1)	7	(1)	(91)
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	1	0	1
Balance at the End of the Period	273	345	273	345
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	19	28	53	56
Other contracts
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	(16)	102	(11)	48
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(19)	(16)	(58)	14
Accumulated Other Comprehensive Income (loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	19	4	56	28
Gross Transfers in, liabilities	0	0	(3)	0
Gross Transfers out, liabilities	0	0	0	0
Balance at the End of the Period	(16)	90	(16)	90
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	12	33	57	3
Long-term debt
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	61	67	71	183
Net realized and unrealized gains and losses related to Level 3 items, liabilities	2	3	16	3
Accumulated Other Comprehensive Income (loss)	0	0	0	0
Purchases, Sales, Issues and Settlements-Net	(60)	0	(84)	(3)
Gross Transfers in, liabilities	0	0	0	0
Gross Transfers out, liabilities	0	0	0	(113)
Balance at the End of the Period	3	70	3	70
Long-term 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, liabilities	4	0	0	0
Bonds available for sale
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	28,962	29,326	29,971	28,817
Net Realized and Unrealized Gains (Losses) Included in Income	265	268	821	830
Other Comprehensive Income (Loss)	528	308	1,298	89
Purchases, Sales, Issues and Settlements, Net	(975)	617	(2,495)	1,056
Gross Transfers in, assets	460	307	682	938
Gross Transfers out, assets	(155)	(192)	(1,192)	(1,096)
Reclassified to Assets Held for Sale	0	(88)	0	(88)
Balance End of Period	29,085	30,546	29,085	30,546
Bonds available for sale | Trading Revenue
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0	0	0
Bonds available for sale | Obligations of states, municipalities and political subdivisions
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	2,285	2,313	2,040	2,124
Net Realized and Unrealized Gains (Losses) Included in Income	2	1	3	3
Other Comprehensive Income (Loss)	38	(5)	123	189
Purchases, Sales, Issues and Settlements, Net	52	58	221	51
Gross Transfers in, assets	0	2	8	2
Gross Transfers out, assets	(6)	(78)	(24)	(78)
Reclassified to Assets Held for Sale		0		0
Balance End of Period	2,371	2,291	2,371	2,291
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	12	28	17	32
Net Realized and Unrealized Gains (Losses) Included in Income	(5)	(3)	(5)	(3)
Other Comprehensive Income (Loss)	4	(9)	5	(11)
Purchases, Sales, Issues and Settlements, Net	0	3	(6)	5
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	0	0	0	(4)
Reclassified to Assets Held for Sale		0		0
Balance End of Period	11	19	11	19
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	932	836	1,133	1,370
Net Realized and Unrealized Gains (Losses) Included in Income	5	(4)	6	(1)
Other Comprehensive Income (Loss)	(2)	7	(2)	(10)
Purchases, Sales, Issues and Settlements, Net	(53)	(6)	(219)	(42)
Gross Transfers in, assets	449	267	655	581
Gross Transfers out, assets	(121)	(82)	(363)	(880)
Reclassified to Assets Held for Sale	0	(1)	0	(1)
Balance End of Period	1,210	1,017	1,210	1,017
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	16,393	16,779	16,906	16,537
Net Realized and Unrealized Gains (Losses) Included in Income	253	255	806	734
Other Comprehensive Income (Loss)	495	304	992	(55)
Purchases, Sales, Issues and Settlements, Net	(731)	(165)	(2,270)	(337)
Gross Transfers in, assets	11	36	19	330
Gross Transfers out, assets	(7)	0	(39)	0
Reclassified to Assets Held for Sale		0		0
Balance End of Period	16,414	17,209	16,414	17,209
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	735	2,295	2,040	2,585
Net Realized and Unrealized Gains (Losses) Included in Income	2	12	25	70
Other Comprehensive Income (Loss)	5	(5)	12	(83)
Purchases, Sales, Issues and Settlements, Net	(77)	(1)	(699)	(169)
Gross Transfers in, assets	0	2	0	2
Gross Transfers out, assets	0	(32)	(713)	(134)
Reclassified to Assets Held for Sale	0	(6)	0	(6)
Balance End of Period	665	2,265	665	2,265
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	8,605	7,075	7,835	6,169
Net Realized and Unrealized Gains (Losses) Included in Income	8	7	(14)	27
Other Comprehensive Income (Loss)	(12)	16	168	59
Purchases, Sales, Issues and Settlements, Net	(166)	728	478	1,548
Gross Transfers in, assets	0	0	0	23
Gross Transfers out, assets	(21)	0	(53)	0
Reclassified to Assets Held for Sale	0	(81)	0	(81)
Balance End of Period	8,414	7,745	8,414	7,745
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	6,838	7,984	7,480	8,846
Net Realized and Unrealized Gains (Losses) Included in Income	177	212	649	165
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	(593)	(641)	(1,601)	(1,438)
Gross Transfers in, assets	0	0	0	65
Gross Transfers out, assets	(62)	0	(168)	(83)
Balance End of Period	6,360	7,555	6,360	7,555
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	18	16	214	(409)
Other bond securities | Corporate debt
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	28	18	17	17
Net Realized and Unrealized Gains (Losses) Included in Income	1	1	2	3
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	0	0	10	(1)
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	(11)		(11)
Balance End of Period	18	19	18	19
Other bond securities | 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	1	3
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	1,510	1,486	1,605	1,581
Net Realized and Unrealized Gains (Losses) Included in Income	63	30	184	7
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	(130)	(120)	(313)	(174)
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	0	0	(33)	(18)
Balance End of Period	1,443	1,396	1,443	1,396
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	49	12	116	(48)
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	66	168	155	193
Net Realized and Unrealized Gains (Losses) Included in Income	2	6	4	4
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	42	(15)	24	(38)
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	(45)	0	(118)	0
Balance End of Period	65	159	65	159
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	3	4	6	14
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	5,234	6,312	5,703	7,055
Net Realized and Unrealized Gains (Losses) Included in Income	111	175	459	151
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	(505)	(506)	(1,322)	(1,225)
Gross Transfers in, assets	0	0	0	65
Gross Transfers out, assets	(6)	0	(6)	(65)
Balance End of Period	4,834	5,981	4,834	5,981
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	(34)	0	91	(378)
Equity securities available for sale
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	7	0	0	0
Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	0
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	(2)	0	6	0
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	0	0	(1)	0
Balance End of Period	5	0	5	0
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	7	0	0	0
Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	0
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issues and Settlements, Net	(2)	0	6	0
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	0	0	(1)	0
Balance End of Period	5	0	5	0
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
Mortgage and other loans receivable
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	5	11	11	11
Purchases, Sales, Issues and Settlements, Net	0	0	(6)	0
Gross Transfers out, assets	0		0
Balance End of Period	5	11	5	11
Other invested assets
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	225	241	204	332
Net Realized and Unrealized Gains (Losses) Included in Income	0	(4)	3	(5)
Other Comprehensive Income (Loss)	(2)	1	(5)	2
Purchases, Sales, Issues and Settlements, Net	36	18	58	(19)
Gross Transfers in, assets	0	0	0	0
Gross Transfers out, assets	0	0	(1)	(54)
Balance End of Period	259	256	259	256
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	(3)		1	(2)
Other equity securities
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	0	14	0	14
Net Realized and Unrealized Gains (Losses) Included in Income	0	0		0
Purchases, Sales, Issues and Settlements, Net	0	(14)	0	(14)
Gross Transfers in, assets			0	0
Balance End of Period	$ 0	$ 0	0	0
Other equity 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			$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta47

FAIR VALUE MEASUREMENTS (Details - Net realized and unrealized gains and losses included in income related to Level 3 assets and liabilities) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	$ 442	$ 476	$ 1,473	$ 990
Policyholder contract deposits
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, liabilities	299	65	594	1,508
Policyholder contract deposits | Investment Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line 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)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, liabilities	299	65	594	1,508
Policyholder contract deposits | Other Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, liabilities	0	0	0	0
Derivative liabilities, net
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(51)	(59)	(141)	(54)
Derivative liabilities, net | Investment Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, liabilities	0	0	0	0
Derivative liabilities, net | Net realized capital gains (losses)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(5)	(5)	(13)	(1)
Derivative liabilities, net | Other Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(46)	(54)	(128)	(53)
Long-term debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, liabilities	2	3	16	3
Long-term debt | Other Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, liabilities	2	3	16	3
Bonds available for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	265	268	821	830
Bonds available for sale | Investment Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	257	294	849	883
Bonds available for sale | Net realized capital gains (losses)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	8	(27)	(28)	(56)
Bonds available for sale | Other Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	0	1	0	3
Other bond securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	177	212	649	165
Other bond securities | Investment Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	87	37	259	29
Other bond securities | Net realized capital gains (losses)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	(2)	13	0	45
Other bond securities | Other Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	92	162	390	91
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets		0		0
Equity securities | Investment Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets		0		0
Equity securities | Net realized capital gains (losses)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets		0		0
Equity securities | Other Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets		0		0
Other equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	0	0		0
Other equity securities | Investment Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets		0
Other invested assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	0	(4)	3	(5)
Other invested assets | Investment Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	2	5	5	2
Other invested assets | Net realized capital gains (losses)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	1	(3)	(1)	29
Other invested assets | Other Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net realized and unrealized gains and losses related to Level 3 items, assets	$ (3)	$ (6)	$ (1)	$ (36)

FAIR VALUE MEASUREMENTS (Deta48

FAIR VALUE MEASUREMENTS (Details - Gross components of purchases, sales, issues and settlements) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, Sales, Issues and Settlements, Net, assets	$ (1,534)	$ (20)	$ (4,038)	$ (415)
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	(49)	0	(57)	(11)
Transfers out Level 3 at end of reporting period, net gains (losses) included in realized and unrealized gains and losses related to Level 3 for the period.	(32)	(3)	(38)	(54)
Liabilities
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, liabilities	0	(2)	0	(5)
Sales, liabilities	79	95	231	365
Settlements, liabilities	35	(104)	84	(199)
Purchases, Sales, Issues and Settlements, Net, liabilities	114	(11)	315	161
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	79	95	231	365
Settlements, liabilities	78	(128)	116	(140)
Purchases, Sales, Issues and Settlements, Net, liabilities	157	(33)	347	225
Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, liabilities	0	(2)	0	(5)
Sales, liabilities	0	0	0	0
Settlements, liabilities	17	24	52	(56)
Purchases, Sales, Issues and Settlements, Net, liabilities	17	22	52	(61)
Long-term debt
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Settlements, liabilities	(60)	0	(84)	(3)
Purchases, Sales, Issues and Settlements, Net, liabilities	(60)	0	(84)	(3)
Assets
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	757	1,844	3,070	4,965
Sales, assets	(291)	(497)	(911)	(791)
Settlements, assets	(2,000)	(1,367)	(6,197)	(4,589)
Purchases, Sales, Issues and Settlements, Net, assets	(1,534)	(20)	(4,038)	(415)
Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	665	1,811	2,804	4,689
Sales, assets	(174)	(69)	(600)	(228)
Settlements, assets	(1,466)	(1,125)	(4,699)	(3,405)
Purchases, Sales, Issues and Settlements, Net, assets	(975)	617	(2,495)	1,056
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	56	98	279	144
Sales, assets	0	0	(16)	(7)
Settlements, assets	(4)	(40)	(42)	(86)
Purchases, Sales, Issues and Settlements, Net, assets	52	58	221	51
Bonds available for sale | Non-U.S. government
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	7	7	7	10
Sales, assets	0	0	(1)	0
Settlements, assets	(7)	(4)	(12)	(5)
Purchases, Sales, Issues and Settlements, Net, assets	0	3	(6)	5
Bonds available for sale | Corporate debt
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	6	0	36	29
Sales, assets	(5)	0	(59)	(25)
Settlements, assets	(54)	(6)	(196)	(46)
Purchases, Sales, Issues and Settlements, Net, assets	(53)	(6)	(219)	(42)
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	194	754	834	2,297
Sales, assets	(16)	(23)	(260)	(81)
Settlements, assets	(909)	(896)	(2,844)	(2,553)
Purchases, Sales, Issues and Settlements, Net, assets	(731)	(165)	(2,270)	(337)
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	0	50	39	156
Sales, assets	(17)	(24)	(128)	(82)
Settlements, assets	(60)	(27)	(610)	(243)
Purchases, Sales, Issues and Settlements, Net, assets	(77)	(1)	(699)	(169)
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	402	902	1,609	2,053
Sales, assets	(136)	(22)	(136)	(33)
Settlements, assets	(432)	(152)	(995)	(472)
Purchases, Sales, Issues and Settlements, Net, assets	(166)	728	478	1,548
Other bond securities
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	42	12	165	223
Sales, assets	(108)	(428)	(294)	(561)
Settlements, assets	(527)	(225)	(1,472)	(1,100)
Purchases, Sales, Issues and Settlements, Net, assets	(593)	(641)	(1,601)	(1,438)
Other bond securities | Corporate debt
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	0		11	0
Sales, assets	0			0
Settlements, assets	0	0	(1)	(1)
Purchases, Sales, Issues and Settlements, Net, assets	0	0	10	(1)
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	12	112	101
Sales, assets	(51)	(74)	(218)	(100)
Settlements, assets	(79)	(58)	(207)	(175)
Purchases, Sales, Issues and Settlements, Net, assets	(130)	(120)	(313)	(174)
Other bond securities | Commercial mortgage-backed securities (CMBS)
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	42	0	42	53
Sales, assets	0	(14)	(11)	(85)
Settlements, assets	0	(1)	(7)	(6)
Purchases, Sales, Issues and Settlements, Net, assets	42	(15)	24	(38)
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	0	0	0	69
Sales, assets	(57)	(340)	(65)	(376)
Settlements, assets	(448)	(166)	(1,257)	(918)
Purchases, Sales, Issues and Settlements, Net, assets	(505)	(506)	(1,322)	(1,225)
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	4	0	12	0
Sales, assets	0	0	0	0
Settlements, assets	(6)	0	(6)	0
Purchases, Sales, Issues and Settlements, Net, assets	(2)	0	6	0
Other equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets			0	14
Settlements, assets	0	(14)	0	(28)
Purchases, Sales, Issues and Settlements, Net, assets	0	(14)	0	(14)
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		0
Sales, assets	0	0	(6)	0
Settlements, assets	0	0	0	0
Purchases, Sales, Issues and Settlements, Net, assets	0	0	(6)	0
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	46	21	89	39
Sales, assets	(9)	0	(11)	(2)
Settlements, assets	(1)	(3)	(20)	(56)
Purchases, Sales, Issues and Settlements, Net, assets	$ 36	$ 18	$ 58	$ (19)

FAIR VALUE MEASUREMENTS (Deta49

FAIR VALUE MEASUREMENTS (Details - Quantitative Information about Level 3 Fair Value Measurements, Assets)) - Discounted cash flow - Level 3 - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Corporate debt
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 430	$ 498
Corporate debt | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.18%	3.41%
Corporate debt | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.52%	6.38%
Corporate debt | Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.35%	4.90%
Residential mortgage-backed securities
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 16,472	$ 17,412
Residential mortgage-backed securities | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	2.27%	3.28%
Constant prepayment rate	2.54%	3.95%
Loss severity	47.05%	47.51%
Constant default rate	3.21%	3.28%
Residential mortgage-backed securities | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.88%	5.87%
Constant prepayment rate	11.06%	6.54%
Loss severity	79.54%	80.98%
Constant default rate	7.87%	8.64%
Residential mortgage-backed securities | Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	3.58%	4.57%
Constant prepayment rate	6.80%	5.25%
Loss severity	62.97%	64.24%
Constant default rate	5.54%	5.96%
Certain CDO/ABS
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 5,086	$ 4,368
Certain CDO/ABS | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	3.26%	3.67%
Certain CDO/ABS | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.99%	5.85%
Certain CDO/ABS | Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.12%	4.76%
Commercial mortgage backed securities
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 488	$ 1,511
Commercial mortgage backed securities | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	1.86%	0.48%
Commercial mortgage backed securities | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	9.12%	10.21%
Commercial mortgage backed securities | Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	5.49%	5.34%
Obligations of states, municipalities and political subdivisions
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 1,578	$ 1,248
Obligations of states, municipalities and political subdivisions | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	3.71%	4.12%
Obligations of states, municipalities and political subdivisions | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.49%	4.91%
Obligations of states, municipalities and political subdivisions | Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.10%	4.52%

FAIR VALUE MEASUREMENTS (Deta50

FAIR VALUE MEASUREMENTS (Details - Quantitative Information about Level 3 Fair Value Measurements, Liabilities) - Discounted cash flow - Level 3 - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Index Annuities
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair value	$ 1,375	$ 859
Index Annuities | Minimum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Mortality multiplier	42.00%	101.00%
Lapse rates	0.50%	1.00%
Index Annuities | Maximum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Mortality multiplier	162.00%	103.00%
Lapse rates	40.00%	66.00%
Index Life
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair value	$ 477	$ 381
Index Life | Minimum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Base lapse rates	2.00%	2.00%
Mortality rates	0.00%	0.00%
Index Life | Maximum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Base lapse rates	19.00%	19.00%
Mortality rates	40.00%	40.00%
GMWB and GMAB
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair value	$ 2,104	$ 1,777
Utilization rates	100.00%
GMWB and GMAB | Minimum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Equity volatility	5.00%	13.00%
Base lapse rates	0.35%	0.50%
Dynamic lapse rates	30.00%	30.00%
Mortality multiplier	40.00%	42.00%
Utilization rates		100.00%
Equity/Interest-rate Correlation	20.00%	20.00%
GMWB and GMAB | Maximum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Equity volatility	40.00%	50.00%
Base lapse rates	14.00%	20.00%
Dynamic lapse rates	170.00%	170.00%
Mortality multiplier	153.00%	161.00%
Utilization rates		100.00%
Equity/Interest-rate Correlation	40.00%	40.00%

FAIR VALUE MEASUREMENTS (Deta51

FAIR VALUE MEASUREMENTS (Details - Investments in certain other invested assets, including private equity funds, hedge funds and other alternative investments) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	$ 6,243	$ 6,741
Unfunded Commitments	1,281	1,279
Private equity funds
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	2,182	2,254
Unfunded Commitments	$ 1,270	1,248
Average original expected lives	10 years
Second investment redemption notice period	2 years
Private equity funds | Maximum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Average original expected lives	2 years
Private equity funds | Minimum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Average original expected lives	1 year
Private equity funds | Expected remaining lives of less than 3 years
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part	62.00%
Private equity funds | Expected remaining lives of less than 3 years | Maximum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
First threshold level of remaining lives	3 years
Private equity funds | Expected remaining lives of 4 to 6 years
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part	17.00%
Private equity funds | Expected remaining lives of 4 to 6 years | Maximum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Second threshold level of remaining lives	6 years
Private equity funds | Expected remaining lives of 4 to 6 years | Minimum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Second threshold level of remaining lives	4 years
Private equity funds | Expected remaining lives of 7 to 10 years
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part	21.00%
Private equity funds | Expected remaining lives of 7 to 10 years | Maximum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Third threshold level of remaining lives	10 years
Private equity funds | Expected remaining lives of 7 to 10 years | Minimum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Third threshold level of remaining lives	7 years
Leveraged buyout
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	$ 1,310	1,424
Unfunded Commitments	761	750
Real Estate / Infrastructure
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	226	258
Unfunded Commitments	185	208
Venture capital
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	127	137
Unfunded Commitments	44	31
Distressed
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	119	123
Unfunded Commitments	43	44
Other..
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	400	312
Unfunded Commitments	237	215
Hedge funds:
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	4,061	4,487
Unfunded Commitments	$ 11	31
Hedge fund investments redeemable monthly (as a percent)	21.00%
Hedge fund investments redeemable quarterly (as a percent)	45.00%
Hedge fund investments redeemable semi-annually (as a percent)	11.00%
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	49.00%
Hedge funds: | Maximum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investment redemption notice period (in days/years)	180 days
Hedge funds: | Minimum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investment redemption notice period (in days/years)	1 day
Event-driven
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	$ 1,228	1,453
Unfunded Commitments	0	9
Long-short
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	1,317	1,429
Unfunded Commitments	0	0
Macro
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	1,016	992
Unfunded Commitments	0	0
Distressed
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	278	416
Unfunded Commitments	7	8
Emerging markets
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	0	0
Unfunded Commitments	0	0
Other hedge funds
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	222	197
Unfunded Commitments	$ 4	$ 14

FAIR VALUE MEASUREMENTS (Deta52

FAIR VALUE MEASUREMENTS (Details - Gains or losses recorded related to the eligible instruments for which we elected the fair value option) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	$ 400	$ 493	$ 1,427	$ 330
Fair value option credit risk gains (losses) on liabilities	2	6	2	14
Fair Value Option | Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	(18)	8	(66)	(239)
Fair Value Option | Other liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	(1)	0	(2)	0
Fair Value Option | Bond and equity securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	289	331	1,088	629
Fair Value Option | Alternative investments
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	129	154	406	(60)
Fair Value Option | Other, Including Short Term Investments
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	$ 1	$ 0	$ 1	$ 0

FAIR VALUE MEASUREMENTS (Deta53

FAIR VALUE MEASUREMENTS (Details - Difference between fair values and the aggregate contractual principal amounts of mortgage and other loans receivable and long-term borrowings for which the fair value option was elected) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage and other loans receivable, Fair Value	$ 5	$ 11
Mortgage and other loans receivable, Outstanding Principal Amount	36,434	33,537
Mortgage and other loans receivable, Difference	36,434	33,537
Long-term debt, Fair Value	2,998	3,428
Long-term debt, Outstanding Principal Amount	31,039	30,912
Fair Value Option
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage and other loans receivable, Fair Value	5	11
Mortgage and other loans receivable, Outstanding Principal Amount	5	8
Mortgage and other loans receivable, Difference	0	3
Long-term debt, Fair Value	2,998	3,428
Long-term debt, Outstanding Principal Amount	2,353	2,628
Long-term debt, Difference	$ 645	$ 800

FAIR VALUE MEASUREMENTS (Deta54

FAIR VALUE MEASUREMENTS (Details - 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) - Fair value on a non-recurring basis - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Fair Value Assets Impairment Charges Measured on Nonrecurring Basis [Domain]
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Impairment Charges	$ 299	$ 109	$ 471	$ 398
Other investments
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Impairment Charges	26	27	76	58
Investments in life settlements
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Impairment Charges	273	80	360	329
Other assets
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Impairment Charges	0	$ 2	35	$ 11
Other assets | Held for sale [Member]
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Impairment Charges	0
Level 3 | Fair Value Assets Impairment Charges Measured on Nonrecurring Basis [Domain]
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	1,821		1,821		$ 1,102
Level 3 | Other investments
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	62		62		364
Level 3 | Investments in life settlements
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	1,759		1,759		736
Level 3 | Other assets
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	0		0		2
Total Fair Value | Fair Value Assets Impairment Charges Measured on Nonrecurring Basis [Domain]
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	1,821		1,821		1,102
Total Fair Value | Other investments
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	62		62		364
Total Fair Value | Investments in life settlements
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	1,759		1,759		736
Total Fair Value | Other assets
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	0		0		$ 2
Total Fair Value | Other assets | Held for sale [Member]
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	$ 0		$ 0

FAIR VALUE MEASUREMENTS (Deta55

FAIR VALUE MEASUREMENTS (Details - Carrying values and estimated fair values of our financial instruments not measured at fair value) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Assets:
Mortgage and other loans receivable	$ 36,089	$ 33,240
Short-term investments	9,775	12,302
Cash	2,433	1,868	$ 2,498	$ 1,629
Liabilities:
Other liabilities	27,253	26,296
Long-term Debt	31,039	30,912
Total Fair Value
Assets:
Mortgage and other loans receivable	36,905	33,736
Other invested assets	671	3,008
Short-term investments	7,172	8,961
Cash	2,433	1,868
Liabilities:
Policyholder contract deposits associated with investment-type contracts	124,009	122,124
Other liabilities	4,896	4,196
Long-term Debt	27,173	26,450
Level 1
Assets:
Mortgage and other loans receivable	0	0
Other invested assets	0	0
Short-term investments	0	0
Cash	2,433	1,868
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	155	161
Other invested assets	665	955
Short-term investments	7,172	8,961
Cash	0	0
Liabilities:
Policyholder contract deposits associated with investment-type contracts	353	382
Other liabilities	4,896	4,196
Long-term Debt	23,687	23,117
Level 3
Assets:
Mortgage and other loans receivable	36,750	33,575
Other invested assets	6	2,053
Short-term investments	0	0
Cash	0	0
Liabilities:
Policyholder contract deposits associated with investment-type contracts	123,656	121,742
Other liabilities	0	0
Long-term Debt	3,486	3,333
Carrying Value
Assets:
Mortgage and other loans receivable	36,084	33,229
Other invested assets	661	3,474
Short-term investments	7,172	8,961
Cash	2,433	1,868
Liabilities:
Policyholder contract deposits associated with investment-type contracts	114,070	112,705
Other liabilities	4,896	4,196
Long-term Debt	$ 28,041	$ 27,484

INVESTMENTS (Details - Amortize

INVESTMENTS (Details - Amortized cost or cost and fair value of Available for sale securities) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	$ 225,417	$ 233,938
Available for sale securities, Gross Unrealized Gains	15,407	12,817
Available for sale securities, Gross Unrealized Losses	(1,346)	(3,140)
Available-for-sale Securities	239,478	243,615
AOCI- OTTI
Schedule of Available-for-sale Securities [Line Items]
Total, Other-Than-Temporary Impairments in AOCI	1,828	1,265
Bonds available for sale
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	224,143	232,241
Available for sale securities, Gross Unrealized Gains	14,965	12,421
Available for sale securities, Gross Unrealized Losses	(1,337)	(3,125)
Available-for-sale Securities	237,771	241,537
Other details of available for sale securities
Available for sale securities not rated or rated below investment grade	31,200	33,600
Bonds available for sale | AOCI- OTTI
Schedule of Available-for-sale Securities [Line Items]
Total, Other-Than-Temporary Impairments in AOCI	1,828	1,265
Bonds available for sale | U.S. government and government sponsored entities
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	2,252	1,870
Available for sale securities, Gross Unrealized Gains	152	148
Available for sale securities, Gross Unrealized Losses	(20)	(26)
Available-for-sale Securities	2,384	1,992
Bonds available for sale | U.S. government and government sponsored entities | AOCI- OTTI
Schedule of Available-for-sale Securities [Line Items]
Total, Other-Than-Temporary Impairments in AOCI	0	0
Bonds available for sale | Obligations of states, municipalities and political subdivisions
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	17,637	24,025
Available for sale securities, Gross Unrealized Gains	1,235	1,001
Available for sale securities, Gross Unrealized Losses	(41)	(254)
Available-for-sale Securities	18,831	24,772
Bonds available for sale | Obligations of states, municipalities and political subdivisions | AOCI- OTTI
Schedule of Available-for-sale Securities [Line Items]
Total, Other-Than-Temporary Impairments in AOCI	0	0
Bonds available for sale | Non-U.S. government
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	14,885	14,018
Available for sale securities, Gross Unrealized Gains	808	773
Available for sale securities, Gross Unrealized Losses	(100)	(256)
Available-for-sale Securities	15,593	14,535
Bonds available for sale | Non-U.S. government | AOCI- OTTI
Schedule of Available-for-sale Securities [Line Items]
Total, Other-Than-Temporary Impairments in AOCI	0	0
Bonds available for sale | Corporate debt
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	126,014	126,648
Available for sale securities, Gross Unrealized Gains	8,519	7,271
Available for sale securities, Gross Unrealized Losses	(848)	(1,739)
Available-for-sale Securities	133,685	132,180
Bonds available for sale | Corporate debt | AOCI- OTTI
Schedule of Available-for-sale Securities [Line Items]
Total, Other-Than-Temporary Impairments in AOCI	10	(31)
Bonds available for sale | Mortgage-backed, asset-backed and collateralized
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	63,355	65,680
Available for sale securities, Gross Unrealized Gains	4,251	3,228
Available for sale securities, Gross Unrealized Losses	(328)	(850)
Available-for-sale Securities	67,278	68,058
Bonds available for sale | Mortgage-backed, asset-backed and collateralized | AOCI- OTTI
Schedule of Available-for-sale Securities [Line Items]
Total, Other-Than-Temporary Impairments in AOCI	1,818	1,296
Bonds available for sale | Residential mortgage-backed securities (RMBS)
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	34,270	35,311
Available for sale securities, Gross Unrealized Gains	3,421	2,541
Available for sale securities, Gross Unrealized Losses	(182)	(478)
Available-for-sale Securities	37,509	37,374
Bonds available for sale | Residential mortgage-backed securities (RMBS) | AOCI- OTTI
Schedule of Available-for-sale Securities [Line Items]
Total, Other-Than-Temporary Impairments in AOCI	1,737	1,212
Bonds available for sale | Commercial mortgage-backed securities (CMBS)
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	13,154	14,054
Available for sale securities, Gross Unrealized Gains	456	409
Available for sale securities, Gross Unrealized Losses	(92)	(192)
Available-for-sale Securities	13,518	14,271
Bonds available for sale | Commercial mortgage-backed securities (CMBS) | AOCI- OTTI
Schedule of Available-for-sale Securities [Line Items]
Total, Other-Than-Temporary Impairments in AOCI	52	45
Bonds available for sale | Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS)
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	15,931	16,315
Available for sale securities, Gross Unrealized Gains	374	278
Available for sale securities, Gross Unrealized Losses	(54)	(180)
Available-for-sale Securities	16,251	16,413
Bonds available for sale | Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS) | AOCI- OTTI
Schedule of Available-for-sale Securities [Line Items]
Total, Other-Than-Temporary Impairments in AOCI	29	39
Equity securities available for sale
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	1,274	1,697
Available for sale securities, Gross Unrealized Gains	442	396
Available for sale securities, Gross Unrealized Losses	(9)	(15)
Available-for-sale Securities	1,707	2,078
Equity securities available for sale | Common Stock
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	708	708
Available for sale securities, Gross Unrealized Gains	357	369
Available for sale securities, Gross Unrealized Losses	(9)	(12)
Available-for-sale Securities	1,056	1,065
Equity securities available for sale | Preferred Stock
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	504	748
Available for sale securities, Gross Unrealized Gains	73	4
Available for sale securities, Gross Unrealized Losses	0	0
Available-for-sale Securities	577	752
Equity securities available for sale | Mutual Funds
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	62	241
Available for sale securities, Gross Unrealized Gains	12	23
Available for sale securities, Gross Unrealized Losses	0	(3)
Available-for-sale Securities	$ 74	$ 261

INVESTMENTS (Details - Summary

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) $ in Millions	Sep. 30, 2017USD ($)item	Dec. 31, 2016USD ($)
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	$ 27,689	$ 57,397
Gross Unrealized Losses, Less than 12 Months	477	1,943
Fair Value, 12 Months or More	13,868	13,285
Gross Unrealized Losses, 12 Months or More	869	1,197
Fair Value, Total	41,557	70,682
Gross Unrealized Losses, Total	1,346	3,140
Bonds available for sale
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	27,534	57,208
Gross Unrealized Losses, Less than 12 Months	468	1,928
Fair Value, 12 Months or More	13,867	13,285
Gross Unrealized Losses, 12 Months or More	869	1,197
Fair Value, Total	41,401	70,493
Gross Unrealized Losses, Total	$ 1,337	3,125
Number of securities in an unrealized loss position | item	6,115
Number of individual securities in continuous unrealized loss position for longer than twelve months | item	1,721
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	$ 766	720
Gross Unrealized Losses, Less than 12 Months	10	26
Fair Value, 12 Months or More	237	0
Gross Unrealized Losses, 12 Months or More	10	0
Fair Value, Total	1,003	720
Gross Unrealized Losses, Total	20	26
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	871	5,814
Gross Unrealized Losses, Less than 12 Months	9	221
Fair Value, 12 Months or More	638	231
Gross Unrealized Losses, 12 Months or More	32	33
Fair Value, Total	1,509	6,045
Gross Unrealized Losses, Total	41	254
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	2,354	3,865
Gross Unrealized Losses, Less than 12 Months	17	162
Fair Value, 12 Months or More	793	489
Gross Unrealized Losses, 12 Months or More	83	94
Fair Value, Total	3,147	4,354
Gross Unrealized Losses, Total	100	256
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	13,155	28,184
Gross Unrealized Losses, Less than 12 Months	272	1,013
Fair Value, 12 Months or More	7,984	6,080
Gross Unrealized Losses, 12 Months or More	576	726
Fair Value, Total	21,139	34,264
Gross Unrealized Losses, Total	848	1,739
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	5,861	8,794
Gross Unrealized Losses, Less than 12 Months	99	252
Fair Value, 12 Months or More	2,287	4,045
Gross Unrealized Losses, 12 Months or More	83	226
Fair Value, Total	8,148	12,839
Gross Unrealized Losses, Total	182	478
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	2,663	4,469
Gross Unrealized Losses, Less than 12 Months	37	152
Fair Value, 12 Months or More	1,173	479
Gross Unrealized Losses, 12 Months or More	55	40
Fair Value, Total	3,836	4,948
Gross Unrealized Losses, Total	92	192
Bonds available for sale | Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS)
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	1,864	5,362
Gross Unrealized Losses, Less than 12 Months	24	102
Fair Value, 12 Months or More	755	1,961
Gross Unrealized Losses, 12 Months or More	30	78
Fair Value, Total	2,619	7,323
Gross Unrealized Losses, Total	54	180
Equity securities available for sale
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	155	189
Gross Unrealized Losses, Less than 12 Months	9	15
Fair Value, 12 Months or More	1	0
Gross Unrealized Losses, 12 Months or More	0	0
Fair Value, Total	156	189
Gross Unrealized Losses, Total	$ 9	15
Number of securities in an unrealized loss position | item	75
Number of individual securities in continuous unrealized loss position for longer than twelve months | item	3
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	$ 149	125
Gross Unrealized Losses, Less than 12 Months	9	12
Fair Value, 12 Months or More	1	0
Gross Unrealized Losses, 12 Months or More	0	0
Fair Value, Total	150	125
Gross Unrealized Losses, Total	9	12
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	6	64
Gross Unrealized Losses, Less than 12 Months	0	3
Fair Value, 12 Months or More	0	0
Gross Unrealized Losses, 12 Months or More	0	0
Fair Value, Total	6	64
Gross Unrealized Losses, Total	$ 0	$ 3

INVESTMENTS (Details - Amorti58

INVESTMENTS (Details - Amortized cost and fair value of fixed maturity securities available for sale by contractual maturity) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	$ 225,417	$ 233,938
Fixed Maturity Securities Available for Sale, Fair Value, Total	237,771	241,537
Fixed Maturity Securities Available for Sale in a Loss Position
Schedule of Available-for-sale Securities [Line Items]
Due in one year or less, Amortized Cost	1,400	604
Due after one year through five years, Amortized Cost	5,260	6,002
Due after five years through ten years, Amortized Cost	8,841	16,045
Due after ten years, Amortized Cost	12,306	25,007
Mortgage-backed, asset-backed and collateralized, Amortized Cost	14,931	25,960
Available for sale securities, Amortized Cost, Total	42,738	73,618
Due in one year or less, Fair Value	1,386	581
Due after one year through five years, Fair Value	5,134	5,841
Due after five years through ten years, Fair Value	8,474	15,332
Due after ten years, Fair Value	11,804	23,629
Mortgage-backed, asset-backed and collateralized, Fair Value	14,603	25,110
Fixed Maturity Securities Available for Sale, Fair Value, Total	41,401	70,493
Bonds available for sale
Schedule of Available-for-sale Securities [Line Items]
Due in one year or less, Amortized Cost	8,929	7,796
Due after one year through five years, Amortized Cost	47,237	49,200
Due after five years through ten years, Amortized Cost	41,576	43,308
Due after ten years, Amortized Cost	63,046	66,257
Mortgage-backed, asset-backed and collateralized, Amortized Cost	63,355	65,680
Available for sale securities, Amortized Cost, Total	224,143	232,241
Due in one year or less, Fair Value	9,129	7,994
Due after one year through five years, Fair Value	49,651	51,958
Due after five years through ten years, Fair Value	43,101	44,226
Due after ten years, Fair Value	68,612	69,301
Mortgage-backed, asset-backed and collateralized, Fair Value	67,278	68,058
Fixed Maturity Securities Available for Sale, Fair Value, Total	$ 237,771	$ 241,537

INVESTMENTS (Details - Realized

INVESTMENTS (Details - Realized gains and gross realized losses from sales or maturities) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule of Available-for-sale Securities [Line Items]
Gross Realized Gains	$ 99	$ 243	$ 743	$ 1,659
Gross Realized Losses	41	55	283	711
Aggregate fair value of available for sale securities sold	4,400	7,900	27,800	22,300
Net realized capital gains (losses)	58	188	460	948
Fixed maturity securities
Schedule of Available-for-sale Securities [Line Items]
Gross Realized Gains	93	189	637	593
Gross Realized Losses	39	54	263	696
Equity securities available for sale
Schedule of Available-for-sale Securities [Line Items]
Gross Realized Gains	6	54	106	1,066
Gross Realized Losses	$ 2	$ 1	$ 20	$ 15

INVESTMENTS (Details - Value of

INVESTMENTS (Details - Value of other securities measured at fair value based on election of the fair value option) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 13,191	$ 14,480
Other Securities, Percent of Total	100.00%	100.00%
U.S. Government agency backed ABS
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 270	$ 421
Fixed maturity securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 12,653	$ 13,998
Other Securities, Percent of Total	96.00%	97.00%
Fixed maturity securities | U.S. government and government sponsored entities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 2,829	$ 2,939
Other Securities, Percent of Total	22.00%	20.00%
Fixed maturity securities | Obligations of states, municipalities and political subdivisions
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 0	$ 0
Other Securities, Percent of Total	0.00%	0.00%
Fixed maturity securities | Non-U.S. government
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 55	$ 51
Other Securities, Percent of Total	0.00%	0.00%
Fixed maturity securities | Corporate debt
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 1,862	$ 1,772
Other Securities, Percent of Total	14.00%	12.00%
Fixed maturity securities | Mortgage-backed, asset-backed and collateralized
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 7,907	$ 9,236
Other Securities, Percent of Total	60.00%	65.00%
Fixed maturity securities | Residential mortgage-backed securities (RMBS)
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 1,869	$ 2,025
Other Securities, Percent of Total	14.00%	14.00%
Fixed maturity securities | Commercial mortgage-backed securities (CMBS)
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 556	$ 603
Other Securities, Percent of Total	4.00%	4.00%
Fixed maturity securities | Collateralized Debt Obligations/Asset-Backed Securities (CDO/ABS)
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 5,482	$ 6,608
Other Securities, Percent of Total	42.00%	47.00%
Equity securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 538	$ 482
Other Securities, Percent of Total	4.00%	3.00%

INVESTMENTS (Details - Carrying

INVESTMENTS (Details - Carrying values of other invested assets) - USD ($) $ in Millions	72 Months Ended
	Dec. 31, 2024	Dec. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Investment [Line Items]
Other invested assets				$ 22,590	$ 24,538
Hedge Funds
Investment [Line Items]
Hedge Fund Fair Value Redemption, Percentage		32.00%	45.00%
Hedge Fund Fair Value Redemption, Additional Percentage	17.00%
Alternative investments
Investment [Line Items]
Other invested assets				12,042	13,379
Alternative investments | Hedge Funds
Investment [Line Items]
Other invested assets				6,300	7,200
Alternative investments | Private equity funds
Investment [Line Items]
Other invested assets				5,200	5,500
Alternative investments | Affordable Housing Partnerships
Investment [Line Items]
Other invested assets				558	625
Investment real estate
Investment [Line Items]
Other invested assets				7,465	6,900
Net of accumulated depreciation on investment in real estate				510	451
Aircraft asset investments
Investment [Line Items]
Other invested assets				218	321
Investments in life settlements
Investment [Line Items]
Other invested assets				1,759	2,516
All other investments
Investment [Line Items]
Other invested assets				$ 1,106	$ 1,422

INVESTMENTS (Details - Componen

INVESTMENTS (Details - Components of Net investment income) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Investment [Line Items]
Total investment income	$ 3,552	$ 3,898	$ 11,105	$ 10,817
Investment expenses	136	115	390	338
Net investment income	3,416	3,783	10,715	10,479
Fixed maturity securities, including short-term investments
Investment [Line Items]
Total investment income	2,697	2,935	8,326	8,863
Equity securities
Investment [Line Items]
Total investment income	5	25	22	(19)
Interest on mortgage and other loans
Investment [Line Items]
Total investment income	414	379	1,206	1,144
Alternative investments
Investment [Line Items]
Total investment income	355	365	1,174	309
Real estate
Investment [Line Items]
Total investment income	51	37	131	125
Other investments
Investment [Line Items]
Total investment income	$ 30	$ 157	$ 246	$ 395

INVESTMENTS (Details - Compon63

INVESTMENTS (Details - Components of Net realized capital gains (losses)) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Other-than-temporary impairments:
Severity	$ 0	$ (10)	$ (2)	$ (15)
Change in intent	(1)	(2)	(9)	(35)
Foreign currency declines	(1)	(7)	(11)	(14)
Issuer-specific credit events	(85)	(77)	(197)	(303)
Adverse projected cash flows	(1)	(6)	(4)	(47)
Provision for loan losses	(38)	8	(56)	8
Foreign exchange transactions	66	(639)	299	(1,197)
All other derivatives and hedge accounting	(136)	83	(217)	353
Impairments on investments in life settlements	(273)	(80)	(360)	(329)
Other	(81)	86	14	284
Total net realized capital losses	(922)	(765)	(1,106)	(829)
Net realized capital gains (losses)	(922)	(765)	(1,106)	(829)
Variable Annuity
Other-than-temporary impairments:
Variable annuity embedded derivatives, net of related hedges	(430)	(309)	(1,023)	(482)
Prudential Financial
Other-than-temporary impairments:
Total net realized capital losses				107
Net realized capital gains (losses)				107
Fixed maturity securities
Gain (Loss) on Investments [Line Items]
Sales of securities	54	135	374	(103)
Equity securities
Gain (Loss) on Investments [Line Items]
Sales of securities	$ 4	$ 53	$ 86	$ 1,051

INVESTMENTS (Details - Increase

INVESTMENTS (Details - Increase (decrease) in unrealized appreciation (depreciation)) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule of Available-for-sale Securities [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	$ 1,078	$ 1,547	$ 4,257	$ 10,555
Fixed maturity securities
Schedule of Available-for-sale Securities [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	1,059	1,595	4,332	11,957
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	9	(19)	52	(1,159)
Other investments
Schedule of Available-for-sale Securities [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	$ 10	$ (29)	$ (127)	$ (243)

INVESTMENTS (Details - Rollforw

INVESTMENTS (Details - Rollforward of the cumulative credit losses in other-than-temporary impairments recognized in earnings) - Fixed maturity securities - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Other Than Temporary Impairment Credit Losses Recognized in Earnings
Balance, beginning of year	$ 762	$ 1,298	$ 1,098	$ 1,747
Increases due to:
Credit impairments on new securities subject to impairment losses	58	23	116	146
Additional credit impairments on previously impaired securities	12	37	49	166
Reductions due to:
Credit impaired securities fully disposed for which there was no prior intent or requirement to sell	(44)	(39)	(99)	(282)
Credit impaired securities for which there is a current intent or anticipated requirement to sell	0	0	0	0
Accretion on securities previously impaired due to credit	(147)	(187)	(523)	(645)
Impairments on securities reclassified to Assets held for sale	0	(2)	0	(2)
Balance, end of year	$ 641	$ 1,130	$ 641	$ 1,130

INVESTMENTS (Details - Purchase

INVESTMENTS (Details - Purchased Credit Impaired (PCI) Securities) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	$ 224,143		$ 224,143		$ 232,241
Fair value	239,478		239,478		243,615
Purchased Credit Impaired (PCI) Securities
Schedule of Available-for-sale Securities [Line Items]
Contractually required payments (principal and interest)	36,228		36,228
Cash flows expected to be collected	29,649		29,649
Recorded investment in acquired securities	19,944		19,944
Outstanding principal balance	14,977		14,977		16,728
Amortized cost	10,636		10,636		11,987
Fair value	12,470		12,470		$ 12,922
Available for sale securities | Purchased Credit Impaired (PCI) Securities
Changes in activity for the accretable yield on PCI securities:
Balance, beginning of period	7,465	$ 7,043	7,498	$ 6,846
Newly purchased PCI securities	16	177	117	628
Disposals	0	0	(18)	0
Accretion	(193)	(214)	(609)	(637)
Effect of changes in interest rate indices	(74)	(196)	(188)	(435)
Net reclassification from non-accretable difference, including effects of prepayments	172	158	586	566
Balance, end of period	$ 7,386	$ 6,968	$ 7,386	$ 6,968

INVESTMENTS (Details - Pledged

INVESTMENTS (Details - Pledged Investments) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Investment [Line Items]
Fair value of securities collateral pledged	$ 2,054	$ 1,434
Fair value of amount sold or repledged	80	11
Total carrying values of cash and securities deposited under requirements of regulatory authorities or other insurance-related arrangements	4,900	4,900
Short-term investments held in escrow	411	523
FHLBs
Investment [Line Items]
Fair value of fixed maturities securities available for sale	2,900	3,400
Amount owned by subsidiaries	103	114
Residential loans pledged as collateral	223	17
Secured financing
Investment [Line Items]
Fair value of fixed maturities securities available for sale	2,988	2,389
Fair value of other bond securities	1,869	1,799
Amounts Borrowed Under Repurchase and Securities Lending Agreements	4,900	4,200
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	1,981	1,799
Securities Lending Agreements, Fair Value of Collateral	2,876	2,389
Secured financing | Overnight and continuous
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	33	0
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Up to 30 Days
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	479	163
Securities Lending Agreements, Fair Value of Collateral	772	812
Secured financing | 31 to 90 Days
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	1,133	860
Securities Lending Agreements, Fair Value of Collateral	1,608	1,577
Secured financing | 91 to 364 Days
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	336	776
Securities Lending Agreements, Fair Value of Collateral	496	0
Secured financing | 365 Days or Greater
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Bonds available for sale | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral		21
Secured financing | Bonds available for sale | Non-U.S. government
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	40	0
Securities Lending Agreements, Fair Value of Collateral	68	50
Secured financing | Bonds available for sale | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	72
Securities Lending Agreements, Fair Value of Collateral	2,808	2,257
Secured financing | Bonds available for sale | Residential mortgage-backed securities (RMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral	0	0
Secured financing | Bonds available for sale | Commercial mortgage-backed securities (CMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral	0	61
Secured financing | Bonds available for sale | Up to 30 Days | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral		21
Secured financing | Bonds available for sale | Up to 30 Days | Non-U.S. government
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	40	0
Securities Lending Agreements, Fair Value of Collateral	68
Secured financing | Bonds available for sale | Up to 30 Days | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	17
Securities Lending Agreements, Fair Value of Collateral	704	791
Secured financing | Bonds available for sale | Up to 30 Days | Residential mortgage-backed securities (RMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Bonds available for sale | 31 to 90 Days | Non-U.S. government
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Securities Lending Agreements, Fair Value of Collateral	0	50
Secured financing | Bonds available for sale | 31 to 90 Days | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	44
Securities Lending Agreements, Fair Value of Collateral	1,608	1,466
Secured financing | Bonds available for sale | 31 to 90 Days | Residential mortgage-backed securities (RMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Bonds available for sale | 31 to 90 Days | Commercial mortgage-backed securities (CMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral		61
Secured financing | Bonds available for sale | 91 to 364 Days | Non-U.S. government
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Bonds available for sale | 91 to 364 Days | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	11
Securities Lending Agreements, Fair Value of Collateral	496
Secured financing | Bonds available for sale | 91 to 364 Days | Residential mortgage-backed securities (RMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral	0	0
Secured financing | Bonds available for sale | 91 to 364 Days | Commercial mortgage-backed securities (CMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Bonds available for sale | 365 Days or Greater | Corporate debt
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Other bond securities | Non-U.S. government
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	55	51
Secured financing | Other bond securities | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	1,781	1,748
Secured financing | Other bond securities | U.S. government and government sponsored entities
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	33
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Other bond securities | Residential mortgage-backed securities (RMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Other bond securities | Overnight and continuous | U.S. government and government sponsored entities
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	33
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Other bond securities | Up to 30 Days | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	422	163
Secured financing | Other bond securities | Up to 30 Days | Residential mortgage-backed securities (RMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Other bond securities | 31 to 90 Days | Non-U.S. government
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Secured financing | Other bond securities | 31 to 90 Days | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	1,089	860
Secured financing | Other bond securities | 31 to 90 Days | Residential mortgage-backed securities (RMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Other bond securities | 91 to 364 Days | Non-U.S. government
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	55	51
Secured financing | Other bond securities | 91 to 364 Days | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	270	725
Secured financing | Other bond securities | 91 to 364 Days | Residential mortgage-backed securities (RMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Other bond securities | 365 Days or Greater | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
GIAs
Investment [Line Items]
Fair value of other bond securities	$ 2,100	$ 2,200

LENDING ACTIVITIES (Details - C

LENDING ACTIVITIES (Details - Composition of Mortgages and other loans receivable) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loans receivable	$ 36,434	$ 33,537
Allowance for losses	(345)	(297)	$ (299)	$ (308)
Mortgage and other loans receivable, net	36,089	33,240
Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loans receivable	27,930	25,042
Allowance for losses	$ 264	$ 194	$ 189	$ 171
Commercial mortgages | California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of mortgage loans in geographic area	12.00%	12.00%
Commercial mortgages | New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of mortgage loans in geographic area	22.00%	24.00%
Residential Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loans receivable	$ 4,991	$ 3,828
Life insurance policy loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loans receivable	2,301	2,367
Commercial loans, other loans and notes receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loans receivable	$ 1,212	$ 2,300

LENDING ACTIVITIES (Details -69

LENDING ACTIVITIES (Details - Credit quality indicators for commercial mortgage loans) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)loan	Dec. 31, 2016USD ($)loan	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Commercial Mortgage Recorded Investment [Line Items]
Mortgage and other loans receivable, net	$ 36,089	$ 33,240
Allowance for credit losses	345	297	$ 299	$ 308
Total mortgage and other loans receivable	$ 36,434	$ 33,537
Debt Coverage Ratio	1.8	1.9
Average Loan to Value Ratio	58.00%	58.00%
Apartments
Commercial Mortgage Recorded Investment [Line Items]
In good standing	$ 7,274	$ 6,005
Restructured	0	0
90 days or less delinquent	0	0
Greater than 90 days delinquent or in process of foreclosure	0	0
Allowance for credit losses, Specific	0	0
Allowance for credit losses, General	61	35
Allowance for credit losses	61	35
Total mortgage and other loans receivable	7,274	6,005
Offices
Commercial Mortgage Recorded Investment [Line Items]
In good standing	8,642	7,830
Restructured	15	134
90 days or less delinquent	14	0
Greater than 90 days delinquent or in process of foreclosure	40	0
Allowance for credit losses, Specific	3	3
Allowance for credit losses, General	93	72
Allowance for credit losses	96	75
Total mortgage and other loans receivable	8,711	7,964
Retail
Commercial Mortgage Recorded Investment [Line Items]
In good standing	5,367	5,179
Restructured	4	18
90 days or less delinquent	0	0
Greater than 90 days delinquent or in process of foreclosure	18	0
Allowance for credit losses, Specific	31	1
Allowance for credit losses, General	36	41
Allowance for credit losses	67	42
Total mortgage and other loans receivable	5,389	5,197
Industrial
Commercial Mortgage Recorded Investment [Line Items]
In good standing	2,147	1,898
Restructured	0	0
90 days or less delinquent	0	0
Greater than 90 days delinquent or in process of foreclosure	0	0
Allowance for credit losses, Specific	0	6
Allowance for credit losses, General	8	7
Allowance for credit losses	8	13
Total mortgage and other loans receivable	2,147	1,898
Hotel
Commercial Mortgage Recorded Investment [Line Items]
In good standing	2,391	2,373
Restructured	16	16
90 days or less delinquent	0	0
Greater than 90 days delinquent or in process of foreclosure	0	0
Allowance for credit losses, Specific	1	1
Allowance for credit losses, General	14	13
Allowance for credit losses	15	14
Total mortgage and other loans receivable	2,407	2,389
Others
Commercial Mortgage Recorded Investment [Line Items]
In good standing	2,002	1,589
Restructured	0	0
90 days or less delinquent	0	0
Greater than 90 days delinquent or in process of foreclosure	0	0
Allowance for credit losses, Specific	0	0
Allowance for credit losses, General	17	15
Allowance for credit losses	17	15
Total mortgage and other loans receivable	$ 2,002	$ 1,589
Commercial mortgages
Commercial Mortgage Recorded Investment [Line Items]
Number of loans in good standing | loan	770	784
Number of loans restructured | loan	3	4
Number of loans 90 days or less delinquent | loan	1	0
Number of loans greater than 90 days delinquent or in process of foreclosure | loan	2	0
Number of Loans | loan	776	788
In good standing	$ 27,823	$ 24,874
Restructured	35	168
90 days or less delinquent	14	0
Greater than 90 days delinquent or in process of foreclosure	58	0
Allowance for credit losses, Specific	35	11
Allowance for credit losses, General	229	183
Allowance for credit losses	$ 264	$ 194
Percentage of loans that are current as to payments of principal and interest	100.00%	99.00%
Percentage restructured	0.00%	1.00%
Percentage 90 days or less delinquent	0.00%
Percentage greater than 90 days delinquent or in foreclosure	0.00%	0.00%
Percentage Total	100.00%	100.00%
Percentage of loans with valuation allowance, Genaral	1.00%	1.00%
Percentage of loans with allowance for losses	1.00%	1.00%
Percentage of current commercial mortgages held	99.70%
Total mortgage and other loans receivable	$ 27,930	$ 25,042
Commercial mortgages | Greater than 1.2x
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	24,367	21,661
Commercial mortgages | 1.00X - 1.20X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	2,869	2,835
Commercial mortgages | Less than 1.00X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	694	546
Commercial mortgages | Less than 65%
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	19,355	15,924
Commercial mortgages | Less than 65% | Greater than 1.2x
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	17,040	13,998
Commercial mortgages | Less than 65% | 1.00X - 1.20X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	1,960	1,694
Commercial mortgages | Less than 65% | Less than 1.00X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	355	232
Commercial mortgages | 65% to 75%
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	6,089	6,583
Commercial mortgages | 65% to 75% | Greater than 1.2x
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	5,466	5,946
Commercial mortgages | 65% to 75% | 1.00X - 1.20X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	418	575
Commercial mortgages | 65% to 75% | Less than 1.00X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	205	62
Commercial mortgages | 76% to 80%
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	779	1,467
Commercial mortgages | 76% to 80% | Greater than 1.2x
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	672	1,246
Commercial mortgages | 76% to 80% | 1.00X - 1.20X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	54	174
Commercial mortgages | 76% to 80% | Less than 1.00X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	53	47
Commercial mortgages | Greater than 80%
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	1,707	1,068
Commercial mortgages | Greater than 80% | Greater than 1.2x
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	1,189	471
Commercial mortgages | Greater than 80% | 1.00X - 1.20X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	437	392
Commercial mortgages | Greater than 80% | Less than 1.00X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	$ 81	$ 205

LENDING ACTIVITIES (Details - R

LENDING ACTIVITIES (Details - Rollforward of the changes in the allowance for losses on Mortgage and other loans receivable) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of year	$ 297	$ 308
Loans charged off	(7)	(15)
Recoveries of loans previously charged off	0	11
Net charge-offs	(7)	(4)
Provision for loan losses	55	(5)
Other	0	0
Allowance, end of period	345	299
Loans modified in a troubled debt restructuring	25	0
Commercial mortgages
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of year	(194)	(171)
Loans charged off	(5)	(13)
Recoveries of loans previously charged off	0	11
Net charge-offs	(5)	(2)
Provision for loan losses	75	20
Other	0	0
Allowance, end of period	(264)	(189)
Allowance related to individually assessed credit losses	35	11
Commercial mortgage loans	342	292
Other Loans
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of year	103	137
Loans charged off	(2)	(2)
Recoveries of loans previously charged off	0	0
Net charge-offs	(2)	(2)
Provision for loan losses	(20)	(25)
Other	0	0
Allowance, end of period	$ 81	$ 110

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Assets:
Bonds available for sale	$ 237,771	$ 241,537
Other bond securities	12,653	13,998
Mortgage and other loans receivable	36,089	33,240
Other invested assets	22,590	24,538
Liabilities:
Long-term Debt	31,039	30,912
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Other invested assets	22,590	24,538
Held for sale [Member]
Assets:
Mortgage and other loans receivable		137
Other invested assets		2
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Other invested assets		2
Real Estate and Investment Funds
Liabilities:
Off-balance sheet exposure	98.6	106
Consolidated VIE
Assets:
Bonds available for sale	10,144	10,233
Other bond securities	4,431	5,129
Mortgage and other loans receivable	1,641	1,547
Other invested assets	4,340	4,222
Other assets	2,104	1,995
Total assets	22,660	23,126
Liabilities:
Long-term Debt	3,433	2,973
Other liabilities	485	677
Total liabilities	3,918	3,650
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Other invested assets	4,340	4,222
Consolidated VIE | Real Estate and Investment Funds
Assets:
Bonds available for sale	0	0
Other bond securities	0	0
Mortgage and other loans receivable	0	1
Other invested assets	1,047	1,052
Other assets	358	365
Total assets	1,405	1,418
Liabilities:
Long-term Debt	465	444
Other liabilities	112	224
Total liabilities	577	668
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Other invested assets	1,047	1,052
Consolidated VIE | Securitization Vehicles
Assets:
Bonds available for sale	10,144	10,233
Other bond securities	4,427	4,858
Mortgage and other loans receivable	1,641	1,442
Other invested assets	218	321
Other assets	1,196	1,104
Total assets	17,626	17,958
Liabilities:
Long-term Debt	1,099	771
Other liabilities	137	203
Total liabilities	1,236	974
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Other invested assets	218	321
Total assets of consolidated securitization vehicles owed to Parent or its subsidiaries	17,000	17,300
Consolidated VIE | Structured Investment Vehicles
Assets:
Bonds available for sale	0	0
Other bond securities	0	266
Mortgage and other loans receivable	0	0
Other invested assets	0	0
Other assets	4	50
Total assets	4	316
Liabilities:
Long-term Debt	3	56
Other liabilities	0	1
Total liabilities	3	57
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Other invested assets	0	0
Consolidated VIE | Affordable Housing Partnerships
Assets:
Bonds available for sale	0	0
Other bond securities	0	0
Mortgage and other loans receivable	0	0
Other invested assets	3,050	2,821
Other assets	463	384
Total assets	3,513	3,205
Liabilities:
Long-term Debt	1,861	1,696
Other liabilities	209	211
Total liabilities	2,070	1,907
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Other invested assets	3,050	2,821
Consolidated VIE | Other
Assets:
Bonds available for sale	0	0
Other bond securities	4	5
Mortgage and other loans receivable	0	104
Other invested assets	25	28
Other assets	83	92
Total assets	112	229
Liabilities:
Long-term Debt	5	6
Other liabilities	27	38
Total liabilities	32	44
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Other invested assets	25	28
Unconsolidated VIE
Assets:
Other invested assets	10,500	11,700
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	385,809	416,665
Maximum Exposure to Loss, On-Balance Sheet	10,889	12,114
Maximum Exposure to Loss, Off-Balance Sheet	3,208	3,160
Total maximum exposure to loss	14,097	15,274
Other invested assets	10,500	11,700
Unconsolidated VIE | Real Estate and Investment Funds
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	378,378	409,087
Maximum Exposure to Loss, On-Balance Sheet	9,876	11,015
Maximum Exposure to Loss, Off-Balance Sheet	2,019	2,115
Total maximum exposure to loss	11,895	13,130
Unconsolidated VIE | Affordable Housing Partnerships
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	4,549	4,709
Maximum Exposure to Loss, On-Balance Sheet	736	785
Maximum Exposure to Loss, Off-Balance Sheet	0	0
Total maximum exposure to loss	736	785
Unconsolidated VIE | Other
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	2,882	2,869
Maximum Exposure to Loss, On-Balance Sheet	277	314
Maximum Exposure to Loss, Off-Balance Sheet	1,189	1,045
Total maximum exposure to loss	$ 1,466	$ 1,359

DERIVATIVES AND HEDGE ACCOUNT72

DERIVATIVES AND HEDGE ACCOUNTING (Details - Notional amounts and fair values of our derivative instruments) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	$ 111,242	$ 115,897
Gross Derivative Assets, Fair Value	3,614	3,977
Gross Derivative Liabilities, Notional Amount	58,630	64,938
Gross Derivative Liabilities, Fair Value	3,897	4,802
Derivative assets, Counterparty netting	(1,390)	(1,265)
Derivative assets, Cash collateral	(1,324)	(903)
Total derivative assets on consolidated balance sheet	900	1,809
Derivative liabilities, Counterparty netting	(1,390)	(1,265)
Derivative liabilities, Cash collateral	(1,395)	(1,521)
Total derivative liabilities on consolidated balance sheet	1,112	2,016
Bifurcated embedded derivatives
Derivative [Line Items]
Gross Derivative Assets, Fair Value	0	0
Gross Derivative Liabilities, Fair Value	4,000	3,100
Derivatives designated as hedging instruments | Interest rate contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	290	175
Gross Derivative Assets, Fair Value	1	0
Gross Derivative Liabilities, Notional Amount	615	782
Gross Derivative Liabilities, Fair Value	9	11
Derivatives designated as hedging instruments | Foreign exchange contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	2,634	3,527
Gross Derivative Assets, Fair Value	198	385
Gross Derivative Liabilities, Notional Amount	4,546	2,602
Gross Derivative Liabilities, Fair Value	289	184
Derivatives designated as hedging instruments | Equity contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	0	0
Gross Derivative Assets, Fair Value	0	0
Gross Derivative Liabilities, Notional Amount	143	113
Gross Derivative Liabilities, Fair Value	3	7
Derivatives not designated as hedging instruments | Interest rate contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	49,801	51,030
Gross Derivative Assets, Fair Value	2,253	2,328
Gross Derivative Liabilities, Notional Amount	33,303	44,211
Gross Derivative Liabilities, Fair Value	2,245	3,066
Derivatives not designated as hedging instruments | Foreign exchange contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	6,143	9,468
Gross Derivative Assets, Fair Value	669	935
Gross Derivative Liabilities, Notional Amount	10,763	7,674
Gross Derivative Liabilities, Fair Value	1,012	1,185
Derivatives not designated as hedging instruments | Equity contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	14,340	14,060
Gross Derivative Assets, Fair Value	469	305
Gross Derivative Liabilities, Notional Amount	8,224	8,633
Gross Derivative Liabilities, Fair Value	56	12
Derivatives not designated as hedging instruments | Commodity contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	0	0
Gross Derivative Assets, Fair Value	0	0
Gross Derivative Liabilities, Notional Amount	0	0
Gross Derivative Liabilities, Fair Value	0	0
Derivatives not designated as hedging instruments | Credit contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	3	4
Gross Derivative Assets, Fair Value	1	2
Gross Derivative Liabilities, Notional Amount	975	861
Gross Derivative Liabilities, Fair Value	278	331
Derivatives not designated as hedging instruments | Other contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	38,031	37,633
Gross Derivative Assets, Fair Value	23	22
Gross Derivative Liabilities, Notional Amount	61	62
Gross Derivative Liabilities, Fair Value	$ 5	$ 6

DERIVATIVES AND HEDGE ACCOUNT73

DERIVATIVES AND HEDGE ACCOUNTING (Details - Fair values of derivative assets and liabilities) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative Liabilities, Notional Amount	$ 58,630	$ 64,938
Derivative Liabilities, Fair Value	3,897	4,802
Collateral
Collateral posted to third parties for derivative transactions	3,100	4,500
Collateral obtained from third parties for derivative transactions	1,300	1,500
Global Capital Markets (GCM) derivatives
Derivative [Line Items]
Derivative Liabilities, Notional Amount	716	801
Derivative Liabilities, Fair Value	$ 263	$ 308

DERIVATIVES AND HEDGE ACCOUNT74

DERIVATIVES AND HEDGE ACCOUNTING (Details - Hedge Accounting) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships	$ (39)	$ 1	$ (87)	$ (8)
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging | Net realized capital gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(1)	(1)	1	0
Gain (loss) recognized in earnings on hedged items	1	1	(1)	(6)
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	0	0	(6)
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on hedged items	0	3	0	10
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	3	0	10
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging | Loss on extinguishment of debt
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	0	0	0	0
Gain (loss) recognized in earnings on hedged items	0	0	0	0
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	0	0	0
Derivatives designated as hedging instruments | Foreign exchange contracts | Fair value hedging | Net realized capital gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(157)	(10)	(318)	413
Gain (loss) recognized in earnings on hedged items	142	(34)	332	(443)
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	(15)	(44)	14	(30)
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	0	0	0
Derivatives designated as hedging instruments | Foreign exchange contracts | Fair value hedging | Interest credited to policyholder account balances
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on hedged items				0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other				0
Derivatives designated as hedging instruments | Foreign exchange contracts | Fair value hedging | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on hedged items	0	3	4	15
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	3	4	15
Derivatives designated as hedging instruments | Foreign exchange contracts | Fair value hedging | Loss on extinguishment of debt
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	0	0	0	0
Gain (loss) recognized in earnings on hedged items	0	0	0	0
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	0	0	0
Derivatives designated as hedging instruments | Equity contracts | Fair value hedging | Net realized capital gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(3)	8	(29)	28
Gain (loss) recognized in earnings on hedged items	2	(9)	26	(28)
Gain (loss) recognized in earnings for ineffective portion	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	(1)	(1)	(3)	0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	0	0	0
Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(524)	(89)	(1,078)	(49)
Derivatives not designated as hedging instruments | Net realized capital gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(550)	(181)	(1,250)	(93)
Derivatives not designated as hedging instruments | Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(3)	2	(10)	14
Derivatives not designated as hedging instruments | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	8	69	121	(43)
Derivatives not designated as hedging instruments | Policy fees
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	20	20	59	60
Derivatives not designated as hedging instruments | Policyholder benefits and claims incurred
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	1	1	2	13
Derivatives not designated as hedging instruments | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(18)	91	81	1,464
Derivatives not designated as hedging instruments | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(98)	49	(220)	203
Derivatives not designated as hedging instruments | Equity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(233)	(317)	(723)	(589)
Derivatives not designated as hedging instruments | Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	0	0	0	0
Derivatives not designated as hedging instruments | Credit contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	19	36	55	70
Derivatives not designated as hedging instruments | Other contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	19	22	55	58
Derivatives not designated as hedging instruments | Embedded derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	$ (213)	$ 30	$ (326)	$ (1,255)

DERIVATIVES AND HEDGE ACCOUNT75

DERIVATIVES AND HEDGE ACCOUNTING (Details - Additional Information) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Credit Derivatives [Line Items]
Collateral posted	$ 3,100	$ 4,500
Fair value of hybrid securities	4,200	4,800
Par value of hybrid securities	9,300	10,100
Credit Risk Related Contingent Features [Member]
Credit Derivatives [Line Items]
Collateral posted	2,800	4,000
Aggregate fair value of net liability position	2,000	$ 3,000
Additional collateral postings and termination payments	$ 95
Global Capital Markets (GCM) derivatives | Super Senior CDS | Arbitrage | Multi-sector CDOs
Credit Derivatives [Line Items]
Derivative weighted average maturity	6 years

INSURANCE LIABILITIES (Details

INSURANCE LIABILITIES (Details - Liability for Unpaid Losses and Loss Adjustment Expenses - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Dec. 31, 2016
LIABILITY FOR UNPAID CLAIMS AND CLAIMS ADJUSTMENT EXPENSE, FUTURE POLICY BENEFITS FOR LIFE AND ACCIDENT AND HEALTH INSURANCE CONTRACTS, AND POLICYHOLDER CONTRACT DEPOSITS
Collateral Held For Deductible Recoverable Amounts					$ 9,500	$ 9,700
Reconciliation of activity in the Liability for unpaid claims and claims adjustment expense:
Liability for unpaid claims and claims adjustment expense, balance at the beginning of the year	$ 76,422	$ 74,143	$ 77,077	$ 74,942
Reinsurance recoverable, balance at the beginning of the year	(27,660)	(14,520)	(15,532)	(14,339)
Liability for unpaid claims and claims adjustment expense, Net of Reinsurance	48,762	59,623	61,545	60,603
Foreign exchange effect	330	(147)	688	53
Dispositions	0	0	0	0
Retroactive reinsurance adjustment (net of discount)	22	0	(11,438)	0
Total	49,114	59,476	50,795	60,656
Losses and loss expenses incurred
Current year	7,511	4,960	16,021	14,896
Prior years, excluding discount and amortization of deferred gain	901	274	1,354	214
Prior years, amortization of deferred gain on retroactive reinsurance	(75)	0	(195)	0
Prior years, accretion of discount	48	32	283	323
Total	8,385	5,266	17,463	15,433
Losses and loss expenses paid
Current year	(1,634)	(1,948)	(3,342)	(3,945)
Prior years	(3,395)	(3,779)	(12,438)	(13,129)
Total	(5,029)	(5,727)	(15,780)	(17,074)
Reclassified to liabilities held for sale	8	(1,060)	0	1,060
Net liability for unpaid claims and claims adjustment expense, balance at the end of the year	52,478	57,955	52,478	57,955
Reinsurance recoverable, balance at the end of the year	27,609	14,501	27,609	14,501
Total, balance at the end of the year	80,087	72,456	80,087	72,456
Net Loss Reserves	52,478	$ 59,623	61,545	$ 60,603	$ 52,478	$ 61,545
U.S. Asbestos
Losses and loss expenses incurred
Prior years, amortization of deferred gain on retroactive reinsurance	$ (6)		$ (11)

INSURANCE LIABILITIES (Detail77

INSURANCE LIABILITIES (Details - Narratives) - USD ($) $ in Millions	Jan. 20, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Insurance Liabilities Disclosure [Line Items]
Collateral Held For Deductible Recoverable Amounts		$ 9,500		$ 9,500			$ 9,700
Liability for Claims and Claims Adjustment Expense		80,087	$ 72,456	80,087	$ 72,456	$ 76,422	77,077	$ 74,143	$ 74,942
Net Loss Reserves		52,478	57,955	52,478	57,955	$ 48,762	61,545	$ 59,623	$ 60,603
Consideration paid	$ 10,200
Contractual deductible recoverable amount		12,400		12,400			12,800
Discounting Of Loss Reserves [Abstract]
Loss Reserve Discount		1,793		$ 1,793			3,570
Tabular Discount Rate				3.50%
Workers Compensation Tabular Discount Amount		491		$ 491
Workers Compensation Non Tabular Discount Amount		1,300		1,300
Increase (Decrease) in Loss Reserve Discount		(48)	(32)	$ (283)	(323)
New York
Discounting Of Loss Reserves [Abstract]
Non Tabular Discount Rate				5.00%
Pennsylvania | Accident Year 2001 And prior
Discounting Of Loss Reserves [Abstract]
Non Tabular Discount Rate				6.00%
Legacy Property And Casualty Run Off Insurance Lines [Member]
Discounting Of Loss Reserves [Abstract]
Loss Reserve Discount		911		$ 911			$ 987
Increase (Decrease) in Loss Reserve Discount		$ 26	$ (15)	$ (76)	$ (141)

INSURANCE LIABILITIES (Detail78

INSURANCE LIABILITIES (Details - Discounting of Reserves) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Discounting of Reserves [Line Items]
Tabular Discount Rate			3.50%
Workers Compensation Tabular Discount Amount	$ 491		$ 491
Workers Compensation Non Tabular Discount Amount	1,300		1,300
U.S. Workers' compensation	3,287		3,287		$ 3,570
Retroactive Reinsurance	(1,494)		(1,494)
Net loss reserve discount	1,793		1,793		3,570
Current accident year	33	$ 37	94	$ 118
Accretion and other adjustments to prior year discount	(75)	(55)	(239)	(146)
Effect of interest rate changes	(6)	(14)	(138)	(295)
Net reserve discount benefit (charge)	(48)	(32)	(283)	(323)
Change in discount on loss reserves ceded under retroactive reinsurance	53	0	(1,494)	0
Net change in total reserve discount	5	(32)	(1,777)	(323)
U.S Workers' compensation	5	(32)	(1,777)	(321)
Asbestos	0	0	0	(2)
US Liability And Financial Lines [Member]
Discounting of Reserves [Line Items]
U.S. Workers' compensation	2,376		2,376		2,583
Retroactive Reinsurance	(1,494)		(1,494)
Net loss reserve discount	882		882		2,583
Current accident year	33	37	94	118
Accretion and other adjustments to prior year discount	(100)	(43)	(205)	(104)
Effect of interest rate changes	(7)	(11)	(96)	(196)
Net reserve discount benefit (charge)	(74)	(17)	(207)	(182)
Change in discount on loss reserves ceded under retroactive reinsurance	53	0	(1,494)	0
Net change in total reserve discount	(21)	(17)	(1,701)	(182)
U.S Workers' compensation	(21)	(17)	(1,701)	(182)
Asbestos	0	0	0	0
Legacy Property And Casualty Run Off Insurance Lines [Member]
Discounting of Reserves [Line Items]
U.S. Workers' compensation	911		911		987
Net loss reserve discount	911		911		987
Current accident year	0	0	0	0
Accretion and other adjustments to prior year discount	25	(12)	(34)	(42)
Effect of interest rate changes	1	(3)	(42)	(99)
Net reserve discount benefit (charge)	26	(15)	(76)	(141)
Change in discount on loss reserves ceded under retroactive reinsurance	0	0	0	0
Net change in total reserve discount	26	(15)	(76)	(141)
U.S Workers' compensation	26	(15)	(76)	(139)
Asbestos	0	0	0	(2)
UNITED KINGDOM
Discounting of Reserves [Line Items]
Net loss reserve discount	167		167		$ 181
Net change in total reserve discount	$ (18)	$ 4	$ 20	$ (16)

CONTINGENCIES, COMMITMENTS AN79

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Loss Contingencies) $ in Millions	Jun. 15, 2015USD ($)	Oct. 22, 2014USD ($)	Sep. 16, 2013individual	Mar. 11, 2013class	Nov. 21, 2011	Sep. 30, 2017USD ($)complaint	Jan. 31, 2009complaint	Feb. 09, 2015complaint
Other Commitments
Other Commitments | $						$ 3,100
Consolidated 2008 Securities Litigation
LITIGATION, INVESTIGATIONS AND REGULATORY MATTERS
Number of separate proceedings filed							8
Payment for legal settlement | $		$ 960
Starr International Litigation
LITIGATION, INVESTIGATIONS AND REGULATORY MATTERS
Number of separate proceedings filed | class				2
Damages claimed | $	$ 40,000
Percentage of ownership in AIG received by Department of the Treasury					80.00%
Number of shareholders who have submitted timely and valid requests to opt into the class | individual			286,908
Individual Securities Litigations [Member]
LITIGATION, INVESTIGATIONS AND REGULATORY MATTERS
Number of funds that are plaintiffs in similar actions								11
Number of actions brought against AIG						9
Number of cases that have been settled						8
Number of claims dismissed						2

CONTINGENCIES, COMMITMENTS AN80

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Guarantor Obligations) $ in Millions	Sep. 30, 2017USD ($)
Other Operations
Guarantor Obligations [Line Items]
Amount outstanding under standby letters of credit at end of period	$ 139

EQUITY (Details - Shares Outsta

EQUITY (Details - Shares Outstanding) - USD ($)	Nov. 02, 2017	Sep. 29, 2017	Jun. 28, 2017	Mar. 29, 2017	Sep. 29, 2016	Jun. 27, 2016	Mar. 28, 2016	Sep. 30, 2017	Sep. 30, 2016	May 03, 2017
The following table presents a roll forward of outstanding shares:
Shares, beginning of year								(911,335,651)
Shares, beginning of year								1,906,671,492
Shares, beginning of year								995,335,841
Issuances (in shares)								3,221,892
Shares repurchased								(99,677,646)	(153,000,000)
Shares, end of period								(1,007,791,405)
Shares, end of period								1,906,671,492
Shares, end of period								898,880,087
The following table presents record date, payment date and dividends paid per share on AIG Common Stock:
Dividend paid (in dollars per share)		$ 0.32	$ 0.32	$ 0.32	$ 0.32	$ 0.32	$ 0.32
Date of Shareholders of Record		Sep. 15, 2017	Jun. 14, 2017	Mar. 15, 2017	Sep. 15, 2016	Jun. 13, 2016	Mar. 14, 2016
Shares repurchased (in shares)								99,677,646	153,000,000
Payments for Repurchase of Common Stock								$ 6,275,000,000	$ 8,506,000,000
Amount paid to purchase warrants								$ 3,000,000	$ 263,000,000
Warrants repurchased								185,000	15,000,000
Subsequent event
The following table presents record date, payment date and dividends paid per share on AIG Common Stock:
Date of Shareholders of Record	Dec. 8, 2017
Common Stock Issued
The following table presents a roll forward of outstanding shares:
Shares, beginning of year								1,906,671,492
Issuances (in shares)								0
Shares, end of period								1,906,671,492
Common Stock Issued | AIG
The following table presents record date, payment date and dividends paid per share on AIG Common Stock:
Authorized amount of common Stock share repurchase										$ 2,500,000,000
Aggregate remaining authorization amount of common Stock share repurchase								$ 2,200,000,000
Treasury Stock
The following table presents a roll forward of outstanding shares:
Shares, beginning of year								(911,335,651)
Issuances (in shares)								3,221,892
Shares repurchased								(99,677,646)
Shares, end of period								(1,007,791,405)
The following table presents record date, payment date and dividends paid per share on AIG Common Stock:
Shares repurchased (in shares)								99,677,646

EQUITY (Details - Rollforward o

EQUITY (Details - Rollforward of Accumulated other comprehensive income) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax			$ 3,230	$ 2,537
Change in unrealized appreciation (depreciation) of investments			4,257	10,555
Change in deferred acquisition costs adjustment and other			(1,325)	(927)
Change in future policy benefits			(425)	(2,099)
Changes in foreign currency translation adjustments			474	179
Net actuarial gain (loss)			134	13
Prior service (cost) credit			6	(20)
Deferred tax asset (liability)	$ (295)	$ (12)	(412)	(1,181)
Other Comprehensive Income (Loss)	977	798	2,709	6,520
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment	325	111	447	332
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment	63	4	92	(4)
Noncontrolling interests				0
Balance, end of period, net of tax	5,939	9,057	5,939	9,057
Accumulated Other Comprehensive Income
A rollforward of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)			2,709	6,520
Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than-Temporary Credit Impairments Were Recognized
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax			426	696
Change in unrealized appreciation (depreciation) of investments			564	(318)
Change in deferred acquisition costs adjustment and other			(56)	(40)
Change in future policy benefits			0	0
Deferred tax asset (liability)	(53)	76	(178)	248
Other Comprehensive Income (Loss)	97	217	330	(110)
Balance, end of period, net of tax	756	586	756	586
Unrealized Appreciation (Depreciation) of All Other Investments
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax			6,405	5,566
Change in unrealized appreciation (depreciation) of investments			3,693	10,873
Change in deferred acquisition costs adjustment and other			(1,269)	(887)
Change in future policy benefits			(425)	(2,099)
Deferred tax asset (liability)	(206)	(187)	(159)	(1,585)
Other Comprehensive Income (Loss)	492	466	1,840	6,302
Balance, end of period, net of tax	8,245	11,868	8,245	11,868
Foreign Currency Translation Adjustments
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax			(2,629)	(2,879)
Changes in foreign currency translation adjustments			474	179
Deferred tax asset (liability)	(3)	90	(27)	153
Other Comprehensive Income (Loss)	325	111	447	332
Noncontrolling interests				0
Balance, end of period, net of tax	(2,182)	(2,547)	(2,182)	(2,547)
Retirement Plan Liabilities Adjustment
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax			(972)	(846)
Net actuarial gain (loss)			134	13
Prior service (cost) credit			6	(20)
Deferred tax asset (liability)	(33)	9	(48)	3
Other Comprehensive Income (Loss)	63	4	92	(4)
Balance, end of period, net of tax	$ (880)	$ (850)	$ (880)	$ (850)

EQUITY (Details - Other compreh

EQUITY (Details - Other comprehensive income reclassification adjustments) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	$ 1,357	$ 976	$ 3,699	$ 8,642
Less: Reclassification adjustments included in net income	85	166	578	941
Total other comprehensive income (loss), before income tax expense (benefit)	1,272	810	3,121	7,701
Less: Income tax expense (benefit)	295	12	412	1,181
Other comprehensive income	977	798	2,709	6,520
Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than-Temporary Credit Impairments Were Recognized
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	160	147	553	(252)
Less: Reclassification adjustments included in net income	10	6	45	106
Total other comprehensive income (loss), before income tax expense (benefit)	150	141	508	(358)
Less: Income tax expense (benefit)	53	(76)	178	(248)
Other comprehensive income	97	217	330	(110)
Unrealized Appreciation (Depreciation) of All Other Investments
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	831	816	2,610	8,733
Less: Reclassification adjustments included in net income	133	163	611	846
Total other comprehensive income (loss), before income tax expense (benefit)	698	653	1,999	7,887
Less: Income tax expense (benefit)	206	187	159	1,585
Other comprehensive income	492	466	1,840	6,302
Accumulated Translation Adjustment [Member]
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	328	21	474	179
Less: Reclassification adjustments included in net income	0	0	0	0
Total other comprehensive income (loss), before income tax expense (benefit)	328	21	474	179
Less: Income tax expense (benefit)	3	(90)	27	(153)
Other comprehensive income	325	111	447	332
Retirement Plan Liabilities Adjustment
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	38	(8)	62	(18)
Less: Reclassification adjustments included in net income	(58)	(3)	(78)	(11)
Total other comprehensive income (loss), before income tax expense (benefit)	96	(5)	140	(7)
Less: Income tax expense (benefit)	33	(9)	48	(3)
Other comprehensive income	$ 63	$ 4	$ 92	$ (4)

EQUITY (Details - Reclassificat

EQUITY (Details - Reclassification of significant items out of Accumulated other comprehensive income) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other realized capital losses	$ (848)	$ (693)	$ (911)	$ (461)
Amortization of deferred acquisition costs	912	1,018	3,135	3,625
Policyholder benefits and losses incurred	10,322	7,489	22,653	20,748
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax	85	166	578	941
Income from continuing operations before income tax expense (benefit)	(2,803)	737	591	3,381
Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income from continuing operations before income tax expense (benefit)	85	166	578	941
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax	10	6	45	106
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were recognized | Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other realized capital losses	10	6	45	106
Income from continuing operations before income tax expense (benefit)	10	6	45	106
Unrealized appreciation (depreciation) of all other investments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax	133	163	611	846
Unrealized appreciation (depreciation) of all other investments | Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other realized capital losses	48	182	415	843
Amortization of deferred acquisition costs	85	(19)	196	3
Policyholder benefits and losses incurred	0	0	0	0
Income from continuing operations before income tax expense (benefit)	133	163	611	846
Change in retirement plan liabilities adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax	(58)	(3)	(78)	(11)
Change in retirement plan liabilities adjustment | Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax	(58)	(3)	(78)	(11)
Prior-Service Costs | Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax	0	4	1	13
Actuarial Gains (Losses) | Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax	$ (58)	$ (7)	$ (79)	$ (24)

EARNINGS PER SHARE (EPS) (Detai

EARNINGS PER SHARE (EPS) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Numerator for EPS:
Income (Loss) from Continuing Operations	$ (1,712)	$ 433	$ 609	$ 2,211
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests	26	(26)	40	(35)
Net income (loss) attributable to AIG common shareholders from continuing operations	(1,738)	459	569	2,246
Income (loss) from discontinued operations, net of income tax expense	(1)	3	7	(54)
Net income (loss) attributable to AIG common shareholders	$ (1,739)	$ 462	$ 576	$ 2,192
Denominator for EPS:
Weighted average shares outstanding - basic	908,667,044	1,071,295,892	938,130,832	1,113,650,878
Dilutive shares	0	31,104,878	23,165,114	29,049,329
Weighted average shares outstanding - diluted	908,667,044	1,102,400,770	961,295,946	1,142,700,207
Basic:
Income (loss) from continuing operations	$ (1.91)	$ 0.43	$ 0.6	$ 2.02
Income (loss) from discontinued operations	0	0	0.01	(0.05)
Net income (loss) attributable to AIG	(1.91)	0.43	0.61	1.97
Diluted:
Income (loss) from continuing operations	(1.91)	0.42	0.59	1.97
Income (loss) from discontinued operations	0	0	0.01	(0.05)
Net Income (loss) attributable to AIG	$ (1.91)	$ 0.42	$ 0.6	$ 1.92
Number of shares, warrants, and options excluded from diluted shares outstanding because the effect would have been anti-dilutive	2,400,000	100,000	2,000,000	200,000
Dilutive Shares Excluded From Computation Of Diluted Earnings Per Share	22,459,868

EMPLOYEE BENEFITS (Details - Pe

EMPLOYEE BENEFITS (Details - Pension and Postretirement Plans) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Pensions
Components of net periodic benefit cost:
Service cost	$ 2	$ 14	$ 31	$ 38
Interest cost	45	50	138	151
Expected return on assets	(72)	(79)	(212)	(239)
Amortization of prior service (credit) cost	0	0	0	0
Amortization of net (gain) loss	9	9	29	25
Curtailment (gain) loss	(5)	(2)	(5)	(5)
Settlement (Credit)/Charges	50		50
Net periodic benefit cost (credit)	29	(8)	31	(30)
Pensions | U.S. Plans
Components of net periodic benefit cost:
Service cost	(5)	6	8	15
Interest cost	41	45	126	136
Expected return on assets	(66)	(72)	(194)	(219)
Amortization of prior service (credit) cost	0	0	0	0
Amortization of net (gain) loss	6	7	20	19
Curtailment (gain) loss	0	0	0	0
Settlement (Credit)/Charges	50		50
Net periodic benefit cost (credit)	26	(14)	10	(49)
Pensions | Non U.S. Plans
Components of net periodic benefit cost:
Service cost	7	8	23	23
Interest cost	4	5	12	15
Expected return on assets	(6)	(7)	(18)	(20)
Amortization of prior service (credit) cost	0	0	0	0
Amortization of net (gain) loss	3	2	9	6
Curtailment (gain) loss	(5)	(2)	(5)	(5)
Net periodic benefit cost (credit)	3	6	21	19
Postretirement Plans
Components of net periodic benefit cost:
Service cost	1	1	3	4
Interest cost	3	2	8	7
Expected return on assets	0	0	0	0
Amortization of prior service (credit) cost	0	(2)	(1)	(7)
Amortization of net (gain) loss	0	0	0	0
Curtailment (gain) loss	0	0	0	0
Net periodic benefit cost (credit)	4	1	10	4
Postretirement Plans | U.S. Plans
Components of net periodic benefit cost:
Service cost	0	1	1	2
Interest cost	2	2	5	5
Expected return on assets	0	0	0	0
Amortization of prior service (credit) cost	0	(2)	(1)	(7)
Amortization of net (gain) loss	0	(1)	0	(1)
Curtailment (gain) loss	0	0	0	0
Net periodic benefit cost (credit)	2	0	5	(1)
Change in Accounting Estimate [Abstract]
AIG contributions			310
Postretirement Plans | Non U.S. Plans
Components of net periodic benefit cost:
Service cost	1	0	2	2
Interest cost	1	0	3	2
Expected return on assets	0	0	0	0
Amortization of prior service (credit) cost	0	0	0	0
Amortization of net (gain) loss	0	1	0	1
Curtailment (gain) loss	0	0	0	0
Net periodic benefit cost (credit)	$ 2	$ 1	$ 5	$ 5

INCOME TAXES (Details - Income

INCOME TAXES (Details - Income (loss) from continuing operations and income tax expense (benefit)) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Income (loss) from continuing operations before income tax expense (benefit)
Income (loss) from continuing operations before income tax expense (benefit)	$ (2,803)	$ 737	$ 591	$ 3,381
U.S.:
Income tax expense (benefit)	(1,091)	304	(18)	1,170
Reconciliation between actual income tax (benefit) expense and statutory U.S. federal amount computed by applying the federal income tax rate, pre-tax income (loss)
Income (loss) from continuing operations before income tax expense (benefit)	(2,803)	737	591	3,381
Reconciliation between actual income tax (benefit) expense and statutory U.S. federal amount computed by applying the federal income tax rate, tax expense/benefit
Income tax expense (benefit)	(1,091)	$ 304	(18)	$ 1,170
Valuation allowance
Increase (Decrease) in certain other valuation allowances associated with foreign jurisdictions	24		1
Increase (Decrease) in certain other valuation allowances associated with certain state jurisdictions.	$ (26)		(26)
Valuation allowance related to unrealized losses that are no more-likely-than-not to be realized			$ 0
Reconciliation between actual income tax (benefit) expense and statutory U.S. federal amount computed by applying the federal income tax rate, percentage of pre-tax income (loss)
U.S. federal income tax at statutory rate (as a percent)	35.00%	35.00%	35.00%	35.00%
Adjustments:
Amounts attributable to continuing operations (as a percent)	38.90%	41.20%	0.00%	34.60%
Accounting for Uncertainty in Income Taxes
Unrecognized tax benefits, excluding interest and penalties	$ 4,600		$ 4,600		$ 4,500
Unrecognized tax benefits, if recognized would not affect the effective tax rate	100		100		100
Unrecognized tax benefits, if recognized would favorably affect the effective tax rate	4,500		4,500		4,400
Unrecognized tax benefits, interest and penalties accrued	$ 1,300		1,300		$ 1,200
Unrecognized tax benefits, interest net of the federal benefit (expense) and penalties			$ (102)	$ 16
Unrecognized tax benefits, period of reasonably possible change in balance			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.

INCOME TAXES (Details - Assessm

INCOME TAXES (Details - Assessment of Deferred Tax Asset (liabilities) Valuation Allowance) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Sep. 30, 2017	Jun. 30, 2017
Non-Life Companies [Member]
Deferred Tax Assets, Liabilities [Line Items]
Deferred tax asset valuation allowance allocated to other comprehensive income	$ 0	$ 260
Life Insurance Companies [Member]
Deferred Tax Assets, Liabilities [Line Items]
Deferred tax asset valuation allowance allocated to other comprehensive income	$ 0	$ 468

INFORMATION PROVIDED IN CONNE89

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Balance Sheets) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Assets:
Short-term investments	$ 9,775	$ 12,302
Other investments	311,348	315,873
Total investments	321,123	328,175
Cash	2,433	1,868	$ 2,498	$ 1,629
Other assets, including deferred income taxes	179,517	161,022
Assets held for sale	0	7,199
Total assets	503,073	498,264
Liabilities:
Insurance liabilities	282,469	275,120
Long-term Debt	31,039	30,912
Other liabilities, including intercompany balances	116,553	109,268
Liabilities held for sale	0	6,106
Total liabilities	430,061	421,406
Total AIG shareholders' equity	72,468	76,300
Non-redeemable noncontrolling interests	544	558
Total equity	73,012	76,858	89,165	90,210
Total liabilities and equity	503,073	498,264
AIG (As Guarantor)
Assets:
Short-term investments	2,675	4,424
Other investments	5,796	7,154
Total investments	8,471	11,578
Cash	3	2	217	34
Loans to subsidiaries	35,014	34,692
Investment in consolidated subsidiaries	43,014	42,582
Other assets, including deferred income taxes	21,483	24,099
Total assets	107,985	112,953
Liabilities:
Long-term Debt	21,480	21,405
Other liabilities, including intercompany balances	13,463	14,671
Loans from subsidiaries	574	577
Total liabilities	35,517	36,653
Total AIG shareholders' equity	72,468	76,300
Total equity	72,468	76,300
Total liabilities and equity	107,985	112,953
AIGLH
Assets:
Cash	2	34	6	116
Investment in consolidated subsidiaries	31,323	27,309
Other assets, including deferred income taxes	251	239
Total assets	31,576	27,582
Liabilities:
Long-term Debt	642	642
Other liabilities, including intercompany balances	184	194
Loans from subsidiaries	0	0
Total liabilities	826	836
Total AIG shareholders' equity	30,750	26,746
Total equity	30,750	26,746
Total liabilities and equity	31,576	27,582
Other Subsidiaries
Assets:
Short-term investments	10,659	13,218
Other investments	305,552	308,719
Total investments	316,211	321,937
Cash	2,428	1,832	$ 2,275	$ 1,479
Loans to subsidiaries	574	576
Other assets, including deferred income taxes	160,018	140,743
Assets held for sale	0	7,199
Total assets	479,231	472,287
Liabilities:
Insurance liabilities	282,469	275,120
Long-term Debt	8,917	8,865
Other liabilities, including intercompany balances	108,873	103,975
Loans from subsidiaries	35,014	34,691
Liabilities held for sale	0	6,106
Total liabilities	435,273	428,757
Total AIG shareholders' equity	43,414	42,972
Non-redeemable noncontrolling interests	544	558
Total equity	43,958	43,530
Total liabilities and equity	479,231	472,287
Reclassification and Eliminations [Member]
Assets:
Short-term investments	(3,559)	(5,340)
Other investments	0
Total investments	(3,559)	(5,340)
Loans to subsidiaries	(35,588)	(35,268)
Investment in consolidated subsidiaries	(74,337)	(69,891)
Other assets, including deferred income taxes	(2,235)	(4,059)
Total assets	(115,719)	(114,558)
Liabilities:
Other liabilities, including intercompany balances	(5,967)	(9,572)
Loans from subsidiaries	(35,588)	(35,268)
Total liabilities	(41,555)	(44,840)
Total AIG shareholders' equity	(74,164)	(69,718)
Total equity	(74,164)	(69,718)
Total liabilities and equity	$ (115,719)	$ (114,558)

INFORMATION PROVIDED IN CONNE90

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Income (Loss)) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Equity in earnings of consolidated subsidiaries	$ 0	$ 0	$ 0	$ 0
Other income	11,751	12,854	36,885	39,357
Total revenues	11,751	12,854	36,885	39,357
Expenses:
Interest expense	290	329	880	955
(Gains) losses on extinguishment of debt	1	(14)	(4)	76
Other expenses	14,263	11,802	35,418	34,945
Total benefits, losses and expenses	14,554	12,117	36,294	35,976
Income (loss) from continuing operations before income tax expense (benefit)	(2,803)	737	591	3,381
Income tax expense (benefit)	(1,091)	304	(18)	1,170
Income (loss) from continuing operations	(1,712)	433	609	2,211
Income (loss) from discontinued operations, net of income taxes	(1)	3	7	(54)
Net income (loss)	(1,713)	436	616	2,157
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests	26	(26)	40	(35)
Net income (loss) attributable to AIG	(1,739)	462	576	2,192
AIG (As Guarantor)
Revenues:
Equity in earnings of consolidated subsidiaries	(2,098)	1,002	794	2,226
Other income	225	145	653	209
Total revenues	(1,873)	1,147	1,447	2,435
Expenses:
Interest expense	236	249	719	743
(Gains) losses on extinguishment of debt	2	0	2	77
Other expenses	177	238	693	686
Total benefits, losses and expenses	415	487	1,414	1,506
Income (loss) from continuing operations before income tax expense (benefit)	(2,288)	660	33	929
Income tax expense (benefit)	(549)	197	(544)	(1,265)
Income (loss) from continuing operations	(1,739)	463	577	2,194
Income (loss) from discontinued operations, net of income taxes	0	(1)	(1)	(2)
Net income (loss)	(1,739)	462	576	2,192
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to AIG	(1,739)	462	576	2,192
AIGLH
Revenues:
Equity in earnings of consolidated subsidiaries	1,138	528	2,553	(267)
Other income	0	0	0	5
Total revenues	1,138	528	2,553	(262)
Expenses:
Interest expense	12	12	37	39
(Gains) losses on extinguishment of debt	0	0	0	0
Other expenses	1	1	2	15
Total benefits, losses and expenses	13	13	39	54
Income (loss) from continuing operations before income tax expense (benefit)	1,125	515	2,514	(316)
Income tax expense (benefit)	(4)	(4)	(12)	(17)
Income (loss) from continuing operations	1,129	519	2,526	(299)
Income (loss) from discontinued operations, net of income taxes	0	0	0	0
Net income (loss)	1,129	519	2,526	(299)
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to AIG	1,129	519	2,526	(299)
Other Subsidiaries
Revenues:
Equity in earnings of consolidated subsidiaries	0	0	0	0
Other income	11,455	12,952	36,085	39,833
Total revenues	11,455	12,952	36,085	39,833
Expenses:
Interest expense	44	69	129	177
(Gains) losses on extinguishment of debt	(1)	(14)	(6)	(1)
Other expenses	14,154	11,821	34,865	34,946
Total benefits, losses and expenses	14,197	11,876	34,988	35,122
Income (loss) from continuing operations before income tax expense (benefit)	(2,742)	1,076	1,097	4,711
Income tax expense (benefit)	(538)	111	538	2,452
Income (loss) from continuing operations	(2,204)	965	559	2,259
Income (loss) from discontinued operations, net of income taxes	(1)	4	8	(52)
Net income (loss)	(2,205)	969	567	2,207
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests	26	(26)	40	(35)
Net income (loss) attributable to AIG	(2,231)	995	527	2,242
Reclassification and Eliminations [Member]
Revenues:
Equity in earnings of consolidated subsidiaries	960	(1,530)	(3,347)	(1,959)
Other income	71	(243)	147	(690)
Total revenues	1,031	(1,773)	(3,200)	(2,649)
Expenses:
Interest expense	(2)	(1)	(5)	(4)
(Gains) losses on extinguishment of debt	0	0	0	0
Other expenses	(69)	(258)	(142)	(702)
Total benefits, losses and expenses	(71)	(259)	(147)	(706)
Income (loss) from continuing operations before income tax expense (benefit)	1,102	(1,514)	(3,053)	(1,943)
Income tax expense (benefit)	0	0	0	0
Income (loss) from continuing operations	1,102	(1,514)	(3,053)	(1,943)
Income (loss) from discontinued operations, net of income taxes	0	0	0	0
Net income (loss)	1,102	(1,514)	(3,053)	(1,943)
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to AIG	$ 1,102	$ (1,514)	$ (3,053)	$ (1,943)

INFORMATION PROVIDED IN CONNE91

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Comprehensive Income (Loss)) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	$ (1,713)	$ 436	$ 616	$ 2,157
Other Comprehensive Income (Loss)	977	798	2,709	6,520
Comprehensive income (loss)	(736)	1,234	3,325	8,677
Total comprehensive income (loss) attributable to noncontrolling interests	26	(26)	40	(35)
Comprehensive income (loss) attributable to AIG	(762)	1,260	3,285	8,712
AIG (As Guarantor)
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(1,739)	462	576	2,192
Other Comprehensive Income (Loss)	977	798	2,709	6,520
Comprehensive income (loss)	(762)	1,260	3,285	8,712
Total comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to AIG	(762)	1,260	3,285	8,712
AIGLH
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	1,129	519	2,526	(299)
Other Comprehensive Income (Loss)	1,274	(56)	7,056	7,204
Comprehensive income (loss)	2,403	463	9,582	6,905
Total comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to AIG	2,403	463	9,582	6,905
Other Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(2,205)	969	567	2,207
Other Comprehensive Income (Loss)	(30,625)	7	18,864	48,555
Comprehensive income (loss)	(32,830)	976	19,431	50,762
Total comprehensive income (loss) attributable to noncontrolling interests	26	(26)	40	(35)
Comprehensive income (loss) attributable to AIG	(32,856)	1,002	19,391	50,797
Reclassification and Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	1,102	(1,514)	(3,053)	(1,943)
Other Comprehensive Income (Loss)	29,351	49	(25,920)	(55,759)
Comprehensive income (loss)	30,453	(1,465)	(28,973)	(57,702)
Total comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to AIG	$ 30,453	$ (1,465)	$ (28,973)	$ (57,702)

INFORMATION PROVIDED IN CONNE92

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Cash Flows) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ (9,195)	$ 1,753
Cash flows from investing activities:
Sales of investments	60,834	53,344
Sale of divested businesses, net	605
Purchase of investments	(47,948)	(53,385)
Loans to subsidiaries - net	0	0
Contributions from (to) subsidiaries - net	0	0
Net change in restricted cash	(23)	(49)
Net change in short-term investments	2,815	(855)
Other, net	(1,509)	1,270
Net cash provided by (used in) investing activities	14,774	325
Cash flows from financing activities:
Issuance of long-term debt	2,405	11,430
Repayments of long-term debt	(2,751)	(7,683)
Issuance of Common Stock	0	0
Purchase of Common Stock	(6,275)	(8,506)
Intercompany loans - net		0
Cash dividends paid	(884)	(1,051)
Other, net	2,379	4,513
Net cash provided by (used in) financing activities	(5,126)	(1,297)
Effect of exchange rate changes on cash	(21)	88
Net increase (decrease) in cash	432	869
Cash at beginning of year	1,868	1,629
Change in cash of businesses held for sale	133
Cash at end of Period	2,433	2,498
Interest:
Third party	(1,046)	(1,009)
Intercompany	0	0
Taxes:
Income tax authorities	(490)	(208)
Intercompany	0	0
AIG (As Guarantor)
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	793	1,671
Cash flows from investing activities:
Sales of investments	5,428	3,242
Sale of divested businesses, net	40
Purchase of investments	(1,781)	(659)
Loans to subsidiaries - net	38	1,025
Contributions from (to) subsidiaries - net	990	1,593
Net change in restricted cash	0	0
Net change in short-term investments	1,925	1,006
Other, net	(17)	(179)
Net cash provided by (used in) investing activities	6,623	6,028
Cash flows from financing activities:
Issuance of long-term debt	1,108	3,831
Repayments of long-term debt	(1,354)	(1,454)
Issuance of Common Stock	0	0
Purchase of Common Stock	(6,275)	(8,506)
Intercompany loans - net	(5)	(73)
Cash dividends paid	(884)	(1,051)
Other, net	(5)	(263)
Net cash provided by (used in) financing activities	(7,415)	(7,516)
Effect of exchange rate changes on cash	0	0
Net increase (decrease) in cash	1	183
Cash at beginning of year	2	34
Cash at end of Period	3	217
Interest:
Third party	(791)	(797)
Intercompany	(1)	0
Taxes:
Income tax authorities	(324)	(11)
Intercompany	1,852	782
Non-cash financing and investing activities:
Return of capital	26	0
Dividends received in the form of securities	735	4,055
Capital contributions	198	3,086
Fixed maturity securities received in exchange for equity securities	0	440
AIGLH
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	1,105	1,664
Cash flows from investing activities:
Sales of investments	0	0
Purchase of investments	0	0
Loans to subsidiaries - net	0	0
Contributions from (to) subsidiaries - net	0	0
Net change in restricted cash	0	0
Net change in short-term investments	0	0
Other, net	(4)	0
Net cash provided by (used in) investing activities	(4)	0
Cash flows from financing activities:
Issuance of long-term debt	0	0
Repayments of long-term debt	0	(62)
Issuance of Common Stock	0	0
Purchase of Common Stock	0	0
Intercompany loans - net	0	(3)
Cash dividends paid	(1,133)	(1,709)
Other, net	0	0
Net cash provided by (used in) financing activities	(1,133)	(1,774)
Effect of exchange rate changes on cash	0	0
Net increase (decrease) in cash	(32)	(110)
Cash at beginning of year	34	116
Cash at end of Period	2	6
Interest:
Third party	(47)	(51)
Intercompany	(1)	0
Taxes:
Income tax authorities	0	0
Intercompany	0	0
Other Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(8,773)	2,277
Cash flows from investing activities:
Sales of investments	58,914	59,669
Sale of divested businesses, net	565
Purchase of investments	(49,675)	(62,293)
Loans to subsidiaries - net	5	73
Contributions from (to) subsidiaries - net	0	0
Net change in restricted cash	(23)	(49)
Net change in short-term investments	890	(1,861)
Other, net	(1,488)	1,449
Net cash provided by (used in) investing activities	9,188	(3,012)
Cash flows from financing activities:
Issuance of long-term debt	1,297	7,599
Repayments of long-term debt	(1,397)	(6,167)
Issuance of Common Stock	0	0
Purchase of Common Stock	0	0
Intercompany loans - net	(38)	(1,022)
Cash dividends paid	(1,187)	(2,150)
Other, net	1,394	3,183
Net cash provided by (used in) financing activities	69	1,443
Effect of exchange rate changes on cash	(21)	88
Net increase (decrease) in cash	463	796
Cash at beginning of year	1,832	1,479
Change in cash of businesses held for sale	133
Cash at end of Period	2,428	2,275
Interest:
Third party	(208)	(161)
Intercompany	2	0
Taxes:
Income tax authorities	(166)	(197)
Intercompany	(1,852)	(782)
Reclassification and Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(2,320)	(3,859)
Cash flows from investing activities:
Sales of investments	(3,508)	(9,567)
Purchase of investments	3,508	9,567
Loans to subsidiaries - net	(43)	(1,098)
Contributions from (to) subsidiaries - net	(990)	(1,593)
Net cash provided by (used in) investing activities	(1,033)	(2,691)
Cash flows from financing activities:
Issuance of long-term debt	0	0
Repayments of long-term debt	0	0
Issuance of Common Stock	0	0
Intercompany loans - net	43	1,098
Cash dividends paid	2,320	3,859
Other, net	990	1,593
Net cash provided by (used in) financing activities	3,353	6,550
Interest:
Third party	0	0
Intercompany	0	0
Taxes:
Income tax authorities		0
Intercompany	$ 0	$ 0

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares	Nov. 02, 2017	Sep. 29, 2017	Jun. 28, 2017	Mar. 29, 2017	Sep. 29, 2016	Jun. 27, 2016	Mar. 28, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Subsequent Event [Line Items]
Dividends declared per common share								$ 0.32	$ 0.32	$ 0.96	$ 0.96
Date of Shareholders of Record		Sep. 15, 2017	Jun. 14, 2017	Mar. 15, 2017	Sep. 15, 2016	Jun. 13, 2016	Mar. 14, 2016
Subsequent event
Subsequent Event [Line Items]
Dividends declared per common share	$ 0.32
Date Dividends Declared	Nov. 2, 2017
Date Dividends To Be Paid	Dec. 22, 2017
Date of Shareholders of Record	Dec. 8, 2017